HomeMy WebLinkAbout4.13 CAFR Annual Report
STAFF REPORT CITY CLERK
File #310-30
CITY COUNCIL
DATE:December 15, 2015
TO:
Honorable Mayor and City Councilmembers
FROM:
Christopher L. Foss, City Manager
SUBJECT:
Comprehensive Annual Financial Report (CAFR) and Annual Audit for Fiscal
Year Ending June 30, 2015 and Supplemental Reports Completed by the
Auditors
Prepared by Colleen Tribby, Administrative Services Director
EXECUTIVE SUMMARY:
The City of Dublin has compiled and published its Comprehensive Annual Financial Report
(CAFR), for the fiscal year ending June 30, 2015. This report includes financial statements
prepared by City staff along with the audit prepared by Maze and Associates Accountancy
Corporation (Maze), the independent auditors selected by the City Council. The CAFR is a
report which encompasses information beyond minimum financial reporting requirements. The
Auditors have provided a “clean opinion” based on their review. The report has also been
reviewed by the City Council Ad-Hoc Audit Subcommittee. The Auditors have also completed
the following five supplemental reports: 1) a compliance audit of Alameda County Transportation
Measure B Funds; 2) a compliance audit of the Alameda County Transportation Commission
Fund (ACTC-VRF) Program; 3) a compliance audit of Alameda County Transportation Measure
BB Funds; 4) a compliance audit of the State of California Transportation Development Act
(TDA) Program; and 5) a review of the City’s Annual Appropriations Limit Calculation.
FINANCIAL IMPACT:
Summarized financial information is discussed in this staff report, and Attachment 1 provides a
guide to key information found in the CAFR. The full CAFR is included as Attachment 2.
RECOMMENDATION:
Staff recommends that the City Council receive and file the reports.
Reviewed By
Assistant City Manager
ITEM NO. 4.13
Page 1 of 6
DESCRIPTION:
The City of Dublin has compiled and published its CAFR for the Fiscal Year ending June 30,
2015. The CAFR (Attachment 2) includes audited financial statements reviewed by Maze and
Associates Accountancy Corporation (Maze), the independent auditor selected by the City
Council, and concludes the fourth year of audit services 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, comprising Vice Mayor Gupta
and Councilmember Wehrenberg, on December 1, 2015 to review the results of the audit. The
interaction of the auditors directly with representatives of the elected body is a key component to
audit standards, and provides committee members an opportunity to discuss the report and ask
questions of the auditors. The Committee concurred with Staff’s recommendation that the City
Council receive the report.
Overall, based on their testing and review, the auditors granted the City a “clean opinion” (see
Attachment 2, pages 1 - 3), meaning that the City’s financial statements present fairly, in all
material respects, the financial position of the City.
Financial Overview
Attachment 1 provides a guide to key elements contained in the CAFR. Some of the important
financial results include:
New Reporting Element – In FY 2014-15, the City implemented the Governmental Accounting
Standards Board Statement 68 (GASB 68), which sets new accounting and financial reporting
requirements for government employer plans administered through irrevocable trust. The result
of the implementation was the booking of a net pension liability of $7.8 million, shown on the
City’s Statement of Net Position (Attachment 2, page 24).
Increased Total Net Assets - Net assets increased by $22.5 million, as shown in Table 1 below.
This change is on an entity-wide basis, and includes both capital assets as well as restricted
funds. Included in the Management Discussion and Analysis section of the CAFR is a
discussion of the changes in Net Assets (See Attachment 2 pages 5 - 21). It is important to note
that the amount reported as Total Net Assets includes:
1) $444.9 million (71.0% of total assets) in investments in capital assets (e.g. land,
infrastructure, buildings, and equipment). These are not assets that are available for
future spending.
2) $74.7 million (11.9% of the total assets) are assets subject to external restrictions on
how they can be used, such as development impact fee funds.
Page 2 of 6
TABLE 1: SUMMARY OF NET POSITION
June 30, 2015 and 2014
Governmental Activities
June 30, 2015June 30, 2014$ Change% Change
Item
Current and other assets 203,229,738 166,738,992 36,490,746 21.9%
Notes receivable (See Note5) 9,632,631 10,320,132 (687,501) -6.7%
OPEB asset (Note 12) (4,647) 35,889 (40,536)-112.9%
Capital assets 450,582,357 451,658,172 (1,075,815)-0.2%
Total assets 663,440,079 628,753,185 34,686,8945.5%
Deferred Outflows of Resources 1,067,859 - 1,067,859N/A
Current Liabilities 21,175,782 17,954,413 3,221,36917.9%
Noncurrent Liabilities 13,939,534 6,542,008 7,397,526113.1%
Total Liabilities 35,115,316 24,496,421 10,618,89543.3%
Deferred Inflows of Resources 2,645,492 - 2,645,492N/A
Net investment in capital assets 444,832,546 445,529,366 (696,820) -0.2%
Restricted 74,738,219 60,808,540 13,929,679 22.9%
Unrestricted 107,176,363 97,918,858 9,257,5059.5%
(See Note 8 to Financials for
Classification)
Total net assets 626,747,129 604,256,764 22,490,3653.7%
Memorandum on Internal Control (MOIC) (Attachment 3)
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 2014-15 CAFR process, the
auditors met with the City Council Ad-Hoc Audit 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 discusses the status
of prior-year audit recommendations. For the FY 2014-15 CAFR, the report did not contain any
recommendations on process improvements.
Designations of Fund Balances
The City’s Fund Balance and Reserves Policy conforms to required standards enacted by the
Governmental Accounting Standards Board (GASB). A listing of the FY 2014-15 year-end
reserves established in accordance with this policy is shown on CAFR page 64 (Attachment 2).
The following table summarizes the fund balances for all City funds:
Page 3 of 6
TABLE 3: GOVERNMENTAL FUND BALANCE CHANGES
TABLE 2: GOVERNMENTAL FUND BALANCE CHANGES
June 30, 2015 and 2014
June 30, 2015June 30, 2014$ Change% Change
General Fund 97,706,494 79,577,762 18,128,732 22.8%
Affordable Housing Fund 13,607,857 10,064,299 3,543,55835.2%
Capital Improvement Funds 50,385,192 41,339,587 9,045,60521.9%
Other Governmental Funds 10,745,411 9,404,895 1,340,51614.3%
Total Governmental Funds 172,444,954 140,386,543 32,058,41122.8%
As shown above, General Fund Reserves totaled $97.7 million as of June 30, 2015: $21.3
million of that is available for cash flow purposes, equating to 4.0 months of budgeted operating
expenditures in FY 2015-16. This is in accordance with the City Policy, which sets the cash flow
goal at between two and four months of the budget.
Additional Reports Prepared by Auditors
In addition to the audit of the financial statements, the auditor engagement also included the
completion of specialized reports. The five supplemental reports include:
1) A compliance audit of Alameda County Transportation Commission (ACTC) Measure
B Funds;
2) A compliance audit of the ACTC Vehicle Registration Fee Program;
3) A compliance audit of the ACTC Measure BB Program;
4) A compliance audit of the State of California Transportation Development Act (TDA)
Program;
5) A review of the City’s Annual Appropriations Limit Calculation.
The City did not meet the threshold of $500,000 in expenditures of federal funds in FY 2014-15,
and therefore was not required to complete a Federal Grant – Single Audit Report. The following
is a brief summary of each supplemental report.
ACTC Measure B Funds Report (Attachment 4):
The Alameda County Transportation Commission provides local funding via two local programs:
1) Local Street Improvements; and 2) Bicycle and Pedestrian Improvements. During FY 2014-
15, the following projects were funded by Measure B:
1) Bicycle Master Plan Program Implementation and update of 2007 Bikeway and
Pedestrian Master Plan;
2) Amador Valley Boulevard Improvements;
3) Street Slurry Seal Programs; and
4) Street Overlay Program.
The compliance audit found that, based on the information reviewed and presented, the
expenditures were materially in compliance with the program requirements.
As of June 30, 2015, the Local Streets fund balance of $534,805 is assigned to a Capital
Reserve for the continued street improvement projects, and the Bike / Pedestrian fund balance
of $132,039 is restricted to the appropriate related bike and pedestrian program improvements.
Page 4 of 6
ACTC Vehicle Registration Fee Report (Attachment 5):
The City of Dublin uses a Special Revenue Fund to account for the funds collected through the
ACTC’s Vehicle Registration Fee. The goal of the program is to sustain the County’s
transportation network through a distribution of the funds throughout the County on successive
five-year cycles.
As of June 30, 2015, the ACTC VRF fund had a balance of $174,188 in restricted funds. The FY
2014-15 Budget appropriated funds from this source to support a portion of the maintenance
costs for citywide traffic signals upgrades.
ACTC Measure BB Report (Attachment 6):
Alameda County Measure BB was approved by the voters in November 2014, with 70% of the
vote. The fee is expected to generate about $30 billion over the next 30 years funded by an
additional one-half cent sales tax to be used for transportation related expenditures. The
program includes four categories of projects:
1) Transit;
2) Affordable Transit for Seniors and People with Disabilities;
3) Local Streets and Roads; and
4) Bicycle and Pedestrian Path and Safety.
As of June 30, 2015, the Measure BB Fund had a restricted fund balance of $72,149 for Local
Streets and Roads, and $24,352 restricted for Bicycle and Pedestrian improvements. There
were no expenditures of these funds in FY 2014-15.
TDA Funds Report (Attachment 7):
TDA grants are granted by the State and distributed through the Metropolitan Transportation
Commission (MTC) which is the agency responsible for allocation of duns to eligible claimants
within the greater San Francisco Bay area. The TDA grants allocated to the City of Dublin are
for pedestrian and bicycle pathway improvement projects.
During FY 2014-15, $150,043 was spent on the Accessible Pedestrian Signal Retrofit Project,
bringing the fund balance to zero. As of June 30, 2015, the remaining grant funding is $148,311,
which has been awarded to the City and will be received as expenditures happen.
Appropriation Limit Schedule Report (Attachment 8):
State law requires the adoption of an Appropriations Limit (“Limit”) which must be included in the
Budget document. The City Council adopts the Limit by resolution and it is adjusted annually
based on factors establish in State Law. The Limit applies only to appropriations that are
funded by “proceeds of taxes.” The Limit for the City of Dublin is substantially more than the
amount of revenue generated from taxes. The Auditors reviewed the calculation used to
develop the $270,028,591 Limit as presented in the FY 2015-16 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.
Page 5 of 6
ATTACHMENTS:
1. Summary – Key Information Comprehensive Annual Financial
Report for the Year Ended June 30, 2015.
2. City of Dublin Comprehensive Annual Financial Report – Fiscal Year
2014-15
3. Memorandum on Internal Control and Required Communications for
the Year Ended June 30 2015
4. Alameda County Transportation Commission Measure B Funds
(Street and Bicycle – Pedestrian) Report
5. Alameda County Transportation Vehicle Registration Funds (VRF)
Report
6. ACTC Measure BB Program Report
7. State of California Transportation Development Act (TDA) Program
Report
8. Appropriation Limit Schedule Report
Page 6 of 6
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City of Dublin
CALIFORNIA
Dublin
Wild
Maeda Clly
'I'll,
2011
Comprehensive Annual
Financial Report
Fiscal Year ended June 30, 2015
CITY OF DUBLIN,CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30,2015
Prepared by
ADMINISTRATIVE SERVICES 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 30,2015
I INTRODUCTORY SECTION: I
Table of Contents i
Letter of Transmittal v
GFOA Certificate of Achievement xi
Principal Officers xii
Organizational Chart xiii
FINANCIAL SECTION:I
Independent Auditor's Report 1
Management's Discussion and Analysis 5
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position 24
Statement of Activities 26
Fund Financial Statements:
Governmental Funds:
Balance Sheet 30
Reconciliation of the Governmental Funds-Balance Sheet with the Statement
of Net 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:
General Fund 37
Affordable Housing Special Revenue Fund 38
i
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30,2015
FINANCIAL SECTION(Continued):
Proprietary Funds:
Statement of Net Position 40
Statement of Revenue,Expenses and Changes in Fund Net Position 41
Statement of Cash Flows 42
Fiduciary Funds:
Statement of Fiduciary Net Position 44
Notes to Basic Financial Statements 45
Required Supplemental Information:
Schedule of the Plan's Proportionate Share of the Net Pension Liability and Related Ratios 82
Schedule of Contributions 83
Other Post-Employment Benefits-Schedule of Funding Progress 84
Supplemental Information:
General Fund-Budget Versus AduaL
Schedule of Budget Versus Actual Revenue by Sources 88
Schedule of Budget Versus Actual Departmental Expenditures 92
Budgeted Major Governmental Funds Other than General Fund and Special Revenue Funds:
Schedules of Revenues,Expenditures and Changes in Fund Balance—Budget and Actual:
General Improvements Projects Capital Projects Fund 94
Community Improvements Projects Capital Projects Fund 95
Parks Projects Capital Projects Fund 96
Streets Projects Capital Projects Fund 97
Public Facilities Impact Fees Capital Projects Fund 98
Fire Impact Fees Capital Projects Fund 99
Traffic Impact Fees Capital Projects Fund 100
Dublin Crossing Contribution Capital Projects Fund 101
ii
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30,2015
I FINANCIAL SECTION(Continued):
Non-major Governmental Funds:
Combining Balance Sheets 108
Combining Statements of Revenues,Expenditures,and Changes
in Fund Balances 114
Schedule of Revenues,Expenditures,and Changes
in Fund Balances-Budget and Actual 120
Internal Service Funds:
Combining Statements of Net Position 152
Combining Statements of Revenues,Expenses and Changes in Fund Net Position 154
Combining Statements of Cash Flows 156
Fiduciary Funds:
Statement of Changes in Assets and Liabilities—All Agency Funds 160
I STATISTICAL SECTION: I
Net Position by Component 164
Changes in Net Position 166
Fund Balances of Governmental Funds 168
Changes in Fund Balances of Governmental Funds 170
Assessed Value of Taxable Property 173
Direct and Overlapping Property Tax Rates 174
Principal Property Taxpayers 176
Property Tax Levies and Collections 177
Ratio of Outstanding Debt by Type 178
Direct and Overlapping Debt 179
Legal Debt Margin Information 180
111
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30,2015
STATISTICAL SECTION(Continued): I
Demographic and Economic Statistics 182
Property Value,Construction and Bank Deposits 183
Principal Employers 185
Full-time Equivalent City and Contract Government Employees by Function 186
Operating Indicators by Function/Program 188
Capital Assets Statistics by Function/Program 190
Top 25 Sales Tax Producers 192
Miscellaneous Statistical Data 193
iv
December 15,2015
DUBLINHonorable Mayor and Members of the City Council:
CALIFORNIA Y tY
THE NEW
AMERICAN Presented with this transmittal is the City of Dublin(City)Comprehensive Annual
BACKYARD Financial Report (CAFR) for the year ended June 30, 2015. The information in
this Comprehensive Annual Financial Report is prepared in accordance with
Generally Accepted Accounting Principles (GAAP) as established by the
Governmental Accounting Standards Board(GASB).
The responsibility for the accuracy and fairness of this report rests with the City.
Management Staff are responsible for preparing a complete report which is based
upon reliable information. Maze and Associates Accountancy Corporation, a firm
of licensed public accountants, has issued an unqualified ("clean") opinion on the
City of Dublin's financial statements for the year ended June 30, 2015. The
independent auditor's report has been included in this Comprehensive Annual
Financial Report.
This letter of transmittal is designed to assist with an individual's review of the
City's financial statements. Specifically it is intended to offer the reader useful
information in assessing the economic conditions impacting the City of Dublin. It
also complements the separate Management's Discussion and Analysis (MD&A)
narrative section, which provides financial highlights of the City and additional
analysis of trends reported as part of the financial statements. The MD&A is
located immediately following the report of the independent auditors.
CITY PROFILE
The City of Dublin was incorporated in 1982 and is located in Alameda County, a
City Council growing area in the eastern portion of the San Francisco Bay Area. In 2011, the
925.833.6650 City was named an "All-America City" by the National Civic League, one of the
City Manager
925.833.6650 nation's oldest and most prestigious civic organizations. In 2012, the City
Community Development celebrated its 30th anniversary as an incorporated city.
925.833.6610
Economic Development The City provided for a permanent staffing level of approximately 87 full-time
925.833.6650 equivalent City employees in the FY 2014-15 budget cycle, and budgeted for an
Finance/IT
925.833.6640 additional 75 to 100 temporary'employees during the summer recreational season.
Fire Prevention The City serves an estimated population of 51,784 covering a land area of 14.91
925.833.6606 square miles. The City's strategic location offers opportunities for employers,
Human Resources retail outlets, and high quality residential neighborhoods.
925.833.6605
Parks&Community Services The City operates under the Council-Manager form of government. Policy making
925.833.6645
Police and legislative authority are vested in the City Council, which consists of an
925.833.6670 elected Mayor, who serves a two-year term, and four Council members each
Public Works elected to a four-year term. The City Council is responsible for the City's
925.833.6630 ordinances, operating resolutions, adoption of the annual budget, hiring the City
Manager and City Attorney and confirming the appointments made by the Mayor
100 Civic Plaza to commissions and committees. The City Manager is responsible for the
Dublin,CA 94568 following activities: implementing the policies, ordinances, and directives of the
P 925.833.6650
F 925.833.6651 V
www.dublin.ca.gov
City Council; overseeing the day-to-day operations of the City; and appointing the Directors of the City's
departments.
Current City services include: City Manager; Human Resources; Administrative Services
(Finance/Information Systems); City Attorney; City Clerk; Police; Fire; Community Development
(Building/Planning/Housing); Economic Development/Public Information; Parks and Community
Services; and Public Works (including Engineering and Maintenance). The City contracts with both public
agencies and private firms to provide a variety of key services including: Building Inspection; Fire; Police;
and Public Works maintenance. A total of 127.18 FTE contract employees were included in the City
budget in FY 2014-15.
HIGHLIGHTS
The City of Dublin is located at the intersection of Interstates 580 and 680 approximately 35 miles east of
San Francisco. The City delivers a broad range of community services and has a wide range of housing
types available to meet the demands of various employers throughout the region. Over the past several
years residential builders and developers have constructed a variety of new housing options, which include
a mix of transit-oriented development adjacent to the City's two Bay Area Rapid Transit (BART) stations,
as well as single family homes and condominium / townhome developments. The relatively close
proximity to additional job centers and colleges and universities in the Bay Area create an attractive
environment.
Much of the recent growth in the community, which is now in its final phases of completion, was planned
in the voter-approved 1994 Eastern Dublin Specific Plan. This vision has allowed a strong foundation and
quality neighborhoods and public facilities to be built citywide. Equally exciting,new developments in the
Downtown Dublin Specific Plan area and throughout the rest of the community have brought a wonderful
range of new retail, office and transit-oriented residential development that will support a high quality of
life in Dublin. The City remains committed to working to attract new quality investment and services to our
community.
New development over the past decade has had positive budgetary impacts, allowing the City to make
significant investment in our community-serving facilities, such as our excellent parks. While careful
financial stewardship has put Dublin in a strong fiscal position, it is important that we look to ensure the
stability of the community's long-term fiscal condition so that we may continue to provide high-quality
services.
Key City accomplishments during FY 2014-15 include the following:
Parks& Community Services
• Celebrated the 32nd Annual St. Patrick's Day Festival, which drew an attendance of approximately
85,000.
• Held the 3rd annual"splatter"event with an estimated 15,000 in attendance.
• Coordinated the "Live Healthy Dublin — Activ-8 Challenge" with 37 teams, comprised of 143
participants.
• Began construction of the Emerald Glen Recreation and Aquatic Complex.
• Updated the Parks and Recreation Master Plan to meet parkland and facility requirements.
• Completed design for Fallon Sports Park — Phase 2, which includes two lighted synthetic turf soccer
fields, a lighted 90-foot baseball diamond, a bocce ball court,and other amenities.
vi
Public Works and Environmental Services
• Installed Accessible Pedestrian Signals for the visually-impaired at four key intersections in the City,
and improved pedestrian safety and accessibility in a targeted area by adding Rectangular Rapid
Flashing Beacon(RRFB)pedestrian warning devices.
• Installed buffered bicycle lanes along Village Parkway to enhance safety and comfort for bicyclists.
• Amended the Construction& Demolition Ordinance to increase the diversion requirement from 50%to
65%for remodels and 75%for new construction.
• Implemented the Green Shamrock Business Recognition Program.
• Worked with Dublin San Ramon Services District to implement the Governor's mandate to reduce
potable water consumption in new development through enhanced microspray irrigation and improved
use of recycled water.
• Adopted a new ordinance declaring that e-cigarettes be regulated in the same manner as tobacco
products and smoking pollution.
• Coordinated the 31st Annual "Dublin Pride Week" festivities, including a Volunteer Day that brought
out 600 volunteers to clean up targeted areas in Dublin, a Bay Friendly Gardening/Water Conservation
Workshop, a food drive, and a household hazardous waste collection event.
• Coordinated the 6th Annual"Creek Clean-Up"event.
• Continued to implement a long-term Trash Reduction Plan in order to reduce litter by 70%in the City's
storm drains, creeks, and waterways by the end of 2017.
Administrative Departments
• Adopted a new marketing plan and initiated development of a new website and mobile app,to promote
better communication with residents and prospective businesses.
• Graduated the 10th class of students from Inside Dublin, a program designed to give residents an inside
look at municipal operations, and encourage community involvement.
• Completed an Information Technology Master Plan that will assist the City in prioritizing IT
infrastructure and software upgrade projects over the next five years.
• Implemented a new and enhanced Geographic Information System(GIS)portal.
Economic Development
• Provided permitting assistance to a range of new businesses, including shops and restaurants at
Persimmon Place,Village Parkway, and Fallon Gateway.
• Expanded social media with the "Discover Dublin for the Holidays Campaign," and participated in a
Restaurant Month promotion with Visit Tri-Valley.
• Created Startup Dublin to assist technology entrepreneurs.
Community Development
• Provided a $6.4 million loan for the 66-unit Veterans Family Housing Development in Downtown
Dublin. The transit-oriented development will provide much needed housing targeted to veterans and
their families.
• Adopted a State-mandated General Plan Housing Element Update to ensure a balanced approach to
residential development that addresses the need for affordable senior and workforce housing for a
diverse community.
• Processed several General Plan amendments to reduce density in long-planned developments,resulting
in quality residential neighborhoods while preserving sensitive open space and reducing long-term
impacts on area schools.
• Expanded online permit services to include inspection scheduling and plan check tracking so residents
and businesses can easily access the status of their building permits with more than 80% of inspection
scheduling handled online.
• Revised and updated the City's First-Time Homebuyer Program and the Below Market Rate Program
to be more useful to program participants and ensure the program is sustainable.
vii
Police Services
• Purchased 55 personal worn body cameras to outfit all sworn staff.
• Purchased two new police evidence vehicles, one new patrol vehicle, and four unmarked
detective/administration vehicles.
• Operated a successful Holiday Crime Suppression Unit during the holiday season, significantly
decreasing the amount of property crimes.
• Facilitated a Citizens Academy and Youth Academy for 40 community participants.
• Welcomed two new Crime Prevention Sheriff Technicians to lead the City's ongoing efforts to keep
neighborhoods safe.
• Along with Fire Services, conducted the annual Independence Day Special Operation with the goal of
controlling the use of illegal fireworks and the protection of public safety.
• Participated in the National Drug "Take-Back Initiative" event, resulting in 210 pounds of prescription
drugs collected.
• Facilitated the Drug Abuse Resistance Education (DARE) program to Dublin 5th graders with 735
graduates.
• Conducted two Tobacco Permit Compliance Operations, checking 36 locations to ensure businesses are
not selling tobacco products to minors.
Fire
• Opened the Alameda County Fire Department Fleet Maintenance Facility(July 2014), which is used to
service 460 apparatus, including apparatus from other fire departments in the region.
• Improved emergency response by activating automatic vehicle locators, which ensures that the closest
available unit responds to emergencies.
• Offered Community Emergency Response Training(CERT)to prepare residents for disasters.
Also in FY 2014-15, the City received numerous awards and honors for its accomplishments in various
areas of community services and improvements. These include the following:
• Top awards for Emerald Vista (developed in partnership with Eden Housing), including: California
League of Cities' "Helen Putnam Award" for Housing Programs and Innovation; "Jack Kemp Award"
from the Urban Land Institute; and"Red Tape to Red Carpet—Excellence in Workforce Housing"from
the Silicon Valley Leadership Group.
• 2014 Spotlight Awards from California League of Cities: Platinum Spotlight Award for 31.2% Energy
Savings; Gold Spotlight Award for 12% Natural Gas Savings; Platinum Spotlight Award for
Sustainability Best Practice Activities.
• Two awards of excellence in budgeting: one from the Government Finance Officers Association
(GFOA) and one from the California Society of Municipal Finance Officers (CSMFO) for the FY
2014-15 and FY 2015-16 Budget.
• "A" Grade from the American Lung Association.
• Recognition by the Metropolitan Transportation Commission Regional Streets and Roads Program for
achievement in pavement maintenance,with Alameda County's highest pavement condition index.
• Two awards from the California Association of Local Economic Development (CALED) for Startup
Dublin and the Small Business Toolkit.
• Designation of"Best City in Northern California for Young Families"by NerdWallet.com.
FINANCIAL OUTLOOK
Growth in the City of Dublin's major revenue streams continues to reflect a healthy and thriving
community. Following a 2% loss in overall Assessed Valuation (AV) during the recession, the City went
from a total AV of$8.4 billion in FY 2011-12 to $11.1 billion in FY 2014-15, owing to real estate values
viii
that have been restored, higher sales prices, and new developments coming on line. The City's property
tax revenues, which made up 31% of total revenues in FY 2014-15, have grown 1%, 6%, 7%, and 16%
over the last four years.
Sales tax revenue also continues to grow, with an average increase of 10%per year over the last four years,
and making up 20% of total revenues in FY 2014-15. While the City experienced growth in nearly all
sectors, Autos and Transportation, General Consumer Goods, and Restaurants and Hotels showed the
largest growth. Nine of the top 25 sales tax producers in FY 2014-15 were car dealerships, remaining
consistent with the last several years. The Persimmon Place project (including Whole Foods, Nordstrom
Rack and Home Goods) opened in early 2015, with the first full year of tax receipts expected in FY 2015-
16. The City's Sales Tax Reimbursement Program, which offers a temporary tax incentive to eligible
companies,has been instrumental in bringing in new retailers, and is continuing in FY 2015-16.
Development-related revenue is the third largest revenue stream to the City, making up 11% of the total
budget in FY 2014-15. Building permit revenue and development services revenue (planning and
engineering services) increased a combined 3% over FY 2013-14, but the yearly increases since the
recession have been extremely varied: since FY 2010-11, development revenue increased 52%, 18%, 7%,
and 3%, in the respective years. As a high level of development continues,the City Council has recognized
these funding sources as one-time sources, versus the ongoing revenues that sustain the fundamental City
operations. It is also crucial to differentiate ongoing expenditures, which are linked to departmental
activities, from total expenditures,which include transfers out to CIP projects. Those transfers are typically
funded by the planned use of Committed Reserves, with one-time sources like Community Benefit
Payments, or through the special designation of surplus reserves, as approved by the City Council. As
ongoing costs rise, City operations will depend upon a similarly growing ongoing revenue stream, and one-
time sources should continue to be used in funding the CIP, or to shore up contingency reserves for future
needs.
While FY 2014-15 finished with a General Fund surplus of roughly $19.5 million (before transfers out to
capital projects), it is long-term fiscal sustainability that remains at the forefront of budget discussions.
Despite the continued growth in property and sales tax,there will be a decrease in development revenues as
major projects are completed and the City gets closer to its build out. These factors, combined with
projected increases to operational expenditures, could result in deficit spending in the General Fund by FY
2020-21. In the next few years, the City of Dublin will begin the transformation from a growing city to a
maintenance city: that is, as the community matures, new development activity slows, and the associated
funding sources decline, the City will need to shift its focus to maintaining its assets, infrastructure, and
services in a way that is sustainable.
FINANCIAL PLANNING AND POLICIES
The City Council adopted a 10-Year Strategic Plan, which is updated every two years. Five specific
strategies were identified to establish the framework and overarching policy focus for the delivery of public
services to the community. The Budget document has a section containing the Strategic Plan and Goals and
Objectives. Adjustments to programs presented by the City Manager in the Budget document were tied to
the prioritization of elements within the Strategic Plan.
The last Strategic Planning meeting was held March 7, 2015, when the City Council discussed the general
assumptions used in the City's 10-Year Financial Forecast. A key outcome of the Strategic Planning
meeting was the City Council's decision to identify long-term fiscal sustainability as the key strategic
initiative and to direct Staff to make sure fiscal sustainability becomes a major factor in future decisions,
including the FY 2015-16 budget and beyond.
ix
The City adopts a balanced operational budget in accordance with City policies,and uses a two-year budget
format. The City Council adopts a final budget and appropriates funds in advance of the July 1st start of the
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 fmancing,
though an equipment lease was initiated in FY 2012-13 to fund various energy-efficient improvements,
including solar panels at City facilities, which have reduced ongoing utility costs and will eventually fully
offset the cost of the project. This project aligned with City Council strategy focused on supporting
environmental sustainability.
The 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, 2014. A copy of the award
from this entity is included in this report. This award represents the 24rd consecutive year that the City's
report was recognized by the GFOA. In order to be recognized,the City was required to produce an easily
readable and efficiently organized report. The report must also meet the standard for generally accepted
accounting principles and legal requirements.
ACKNOWLEDGEMENTS
The preparation of this report was made possible by the collaborative efforts of staff in the Administrative
Services Department and other departments. A special thanks and acknowledgement goes to Yuliana
Tjeng, Senior Accountant, and Lisa Hisatomi, Assistant Director of Administrative Services, as well as the
professional staff at Maze and Associates. Of course the ultimate thanks are afforded to the Mayor and
City Council in their support and commitment to have the City's financial reporting strive for excellence.
Sincerely,
7Z. 4( ZL _r7 Christopher L.Foss Colleen Tribby
City Manager Director of Administrative Services
x
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, 2014
*or"0404.0
Executive Director/CEO
xi
CITY OF DUBLIN
PRINCIPAL OFFICERS
Fiscal Year 2014/2015
Mayor
David Haubert
Vice Mayor Councilmember
Abe Gupta Kevin Hart
Councilmember Councilmember
Don Biddle Doreen Wehrenberg
ADMINISTRATION PERSONNEL
City Manager Chris Foss
Assistant City Manager Linda Smith
City Attorney John Bakker
Administrative Services Director Colleen Tribby
City Clerk Caroline Soto
Chief of Police Dennis Houghtelling
Community Development Director Luke Sims
Economic Development Director Lori Taylor
Fire Marshal Bonnie Terra
Human Resources Director Julie Carter
Parks&Community Services Director Paul McCreary
Public Work Director Gary Huisingh
xii
Organizational Chart
Citizens of Dublin
City Council
City Attorney City Manager
Assistant
City Manager
Police Public Works —
Services
Parks& Economic
Community — Development -
Services
Human Community
Resources - Development
Fire Services F- City Clerk —
Non Administrative
Departmental - Services -
xiii
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NMAZE
& ASSOCIATES
INDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and Members of the City Council of the City of Dublin
,California
Report on Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund
and the aggregate remaining fund information of the City of (City), California, as of and for the year
ended June 30, 2015, and the related notes to the financial statements which collectively comprise the
City's basic financial statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of the financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance as to whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements,whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the City's preparation
and fair presentation of these financial statements in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
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
respective financial position of the governmental activities,each major fund,and the aggregate remaining
fund information of the City, as of June 30,2015,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 Mailers
The city adjusted its beginning balances of net position in governmental activities as discussed in Note
1M to the financial statements
Management adopted the provisions of the following Governmental Accounting Standards Board
Statements,which became effective during the year ended June 30, 2015 that had material effects on the
financial statements,as discussed in Note 1L to the financial statements.
• Statement No.68,Accounting and Financial Reporting for Pensions—an amendment for GASB
Statement No. 27.
• Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement
Date—an amendment of GASB No 68.
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, Schedule of Changes in the Net Pension Liability and Related Ratios, Schedule
of Contributions and Other Post-Employment Benefits Schedule of Funding Progress 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 fmancial statements themselves, and other additional procedures in accordance with auditing
standards generally accepted in the United States of America. In our opinion, the Supplemental
Information is fairly stated in all material respects in relation to the basic financial statements as a whole.
The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in the
audit of the basic fmancial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 20,
2015, on our consideration of the City's internal control over fmancial 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 fmancial reporting
and compliance and the results of that testing, and not to provide an opinion on the internal control over
fmancial 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.
•
4030(444.
V CI
Pleasant Hill,California
November 20,2015
3
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Management's Discussion and Analysis (MDA)June 30,2015
As management of the City of Dublin (City), we offer readers of the City's fmancial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30,
2015. 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
w mow
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 30,2015 and 2014
Governmental Activities
June 30,2015 June 30,2014 $Change % Change
Item
Current and other assets 203,229,734 166,738,992 36,490,742 21.9%
Notes receivable(See NoteS) 9,632,631 10,320,132 (687,501) -6.7%
OPEB asset(Note 12) - 35,889 (35,889) N/A
Capital assets 450,582,357 451,658,172 (1,075,815) -0.2%
Total Assets 663,444,722 628,753,185 34,691,537 5.5%
Deferred Outflows of Resources 1,067,859 - 1,067,859 N/A
Current liabilities 21,175,785 17,954,413 3,221,372 17.9%
Noncurrent liabilities 13,944,180 6,542,008 7,402,172 113.1%
Total Liabilities 35,119,965 24,496,421 10,623,544 43.4%
Deferred Inflows of Resources 2,645,492 - 2,645,492 N/A
Net investment in capital assets 444,832,546 445,529,366 (696,820) -0.2%
Restricted 74,738,217 60,808,540 13,929,677 22.9%
Unrestricted 107,176,361 97,918,858 9,257,503 9.5%
(See Note 8 to Financials for
Classification)
Total Net Assets 626,747,124 604,256,764 22,490,360 3.7%
As illustrated in the above table, the City's net position increased by $22.5 million (3.7%) during FY
2014-15.This is primarily due to the following:
• Total assets increased approximately $34.7 million, due primarily to increases in cash and
investments, which are part of current assets. Cash and Investments in the General Fund increased
approximately $18.7 million, due to the net effect of increased revenue (by $8.2 million) and
decreased expenses (by $7.7 million) as compared to last fiscal year. The increased revenue reflects
gains in Property and Sales Taxes,development-related revenue,and recreation program revenues,all
of which trend with the health of the local economy and the continued housing development in the
City. Prior year General Fund expenditures were significantly higher due to spending on the
Maintenance Yard and Public Safety Complex projects, which were completed early this fiscal year.
The Affordable Housing Fund received a combined total of $3.6 million in payments of notes
receivable and large development in-lieu fees that also contributed to higher cash and investments.
Cash and investments in the Public Facility Impact Fees increased a total of$3.5 million, and Traffic
Impact Fees increased approximately $4.6 million, both trending with the increased level of
development the City experienced during the fiscal year.
6
• Total liabilities also increased in FY 2014-15, with a total change of$10.6 million from the prior
year. Current liabilities primarily represent obligations outstanding for current operations (accounts
payable), capital projects(such as retention payable), deferred revenue, and deposits held.The overall
increase of$3.2 million was due to two large cash bonds from developer during the year.Noncurrent
liabilities increased significantly due to the booking of the City's Net Pension Liability of $7.8
million, in accordance with implementation of the new Governmental Accounting Standard (GASB
68&71 -see Note 10).
• The City's $444.8 million in capital assets represents 70.9% of the total reported net assets, staying
relatively consistent with the prior year. Capital asset investments include the City's investments in
land, infrastructure,buildings, and equipment.As the City uses these capital assets to provide current
services to residents, the assets are not available for future spending. The change in annual capital
assets reflects both the addition of capital assets (including construction in progress), less
accumulated depreciation.
• Restricted assets, including impact fee funds and grant funds, are resources that have external
restrictions on their use. In FY 2014-15 the City's restricted assets increased by $13.9 million, due
primarily to the collection of impact fees for specific development projects, notably in the Public
Facility Fees Fund and Traffic Impact Fees Fund, as well as the Public Art Fund (Special Revenue).
These funds are restricted to specific capital improvement use. Approximately $107.2 million of the
City's total assets(an increase of$9.3 million over the prior year)are unrestricted and may be used to
meet the City's ongoing obligations to the community and to creditors.The bulk of unrestricted assets
are attributable to portions of the General Fund balance that are already committed and assigned for
specific purposes,in accordance with the City's Fund Balance and Reserves Policy.
7
GOVERNMENTAL ACTIVITIES,
Table 2 below provides a summary of major program expense categories,program revenues used to fund
specific expenses, and general City revenues available for funding all City programs. The information
presented here provides detail behind the numbers shown in the Summary of Net Position(Table 1).
TABLE 2: SUMMARY OF CHANGES IN NET POSITION
June 30,2015 and 2014
June 30,2015 June 30,2014 $Change %Change
Revenues
Program Revenues
Charges For Services 21,569,439 19,581,052 1,988,387 10.2%
Operating Contributions&Grants 955,677 1,674,815 (719,138) -42.9%
Capital Grants&Contributions 21,931,981 20,914,994 1,016,987 4.9%
Total Program Revenue 44,457,097 42,170,861 2,286,236 5.4%
General Revenues
Property Taxes 29,437,951 24,099,126 5,338,825 22.2%
Special Assessments Taxes 1,264,204 1,187,182 77,022 6.5%
Sales Taxes 19,211,823 17,833,314 1,378,509 7.7%
Other Taxes 6,159,654 5,427,627 732,027 13.5%
Investment income,unrestricted 550,272 853,147 (302,875) -35.5%
Intergovernmental,unrestricted 2,428,248 191,574 2,236,674 1167.5%
Other general revenues 735,139 125,211 609,928 487.1%
Total General Revenue 59,787,291 49,717,181 10,070,110 20.3%
Total Revenues 104,244,388 91,888,042 12,356,346 13.4%
Expenses
Governmental activities:
General government 10,774,480 15,169,979 (4,395,499) -29.0%
Police 15,325,113 15,166,855 158,258 1.0%
Fire 12,198,769 11,402,920 795,849 7.0%
Public works 15,336,225 12,442,002 2,894,223 23.3%
Park and community services 12,149,716 11,011,182 1,138,534 10.3%
Economic development 679,313 982,542 (303,229) -30.9%
Community development 5,713,196 5,810,987 (97,791) -1.7%
Total Governmental Activites 72,176,812 71,986,467 190,345 0.3%
Increase In Net Position 32,067,576 19,901,575 12,166,001 61.1%
Net Position-Beginning of Year 594,679,548 A 584,355,189 10,324,359 1.8%
Net Position-End of Year 626,747,124 604,256,764 22,490,360 3.7%
*As a result of the implementation of GASB Statements 68 and 71, the City made an adjustment of
$9,577,216 to the beginning net position of its governmental activities.
8
As shown in Table 2, total revenues from all sources were $104.2 million and total expenses for all City
programs were $72.2 million in FY 2014-15. The City's net position increased $32.1 million, compared
to $19.9 million in the prior year: that change is due predominantly to increased revenue in Property and
Sales taxes,revenues related to development projects and several one-time grants related to transportation
and parks,and revenue from recreation programs.
Revenues
Overall revenues increased $12.4 million, or 13.4%, in FY 2014-15 compared to the prior year. Changes
included:
• Charges for Services increased$2.0 million due mainly to the net change of increases in building
permit activity and zoning revenue associated with the acceleration of development within the
City, charges for recreation programs and residential garbage/recycling, and an increase in Santa
Rita charges for emergency services.
• Capital Grants and Contributions increased $1.0 million due to increased one-time revenues
(Community Benefit Payments), public facility fees, traffic impact fees, fire impact fees and
public art in-lieu fees.
• Property Taxes increased $5.3 million, resulting from an increase to overall assessed property
valuations,and the incorporation of some recapture of previous values lost during the recession.
• Sales Taxes increased $1.4 million, due to strong growth in the auto sales, consumer spending,
and building and construction sectors.
• Other Taxes increased$0.7 million,due to increases in franchise taxes and hotel taxes.
• Intergovernmental increased by$2.2 million due to the booking of a one-time State grant(TDA),
East Bay Regional Park and reimbursements from the State for the City's compliance with
mandated
Expenses
Total expenses increased slightly, from $72.0 million in FY 2013-14 to $72.2 million in FY 2014-15
despite of decrease in the General Government expenses which was offset with increases in Public Works
and Park and Community Services.The following factors contributed to the overall increase:
• General Government expenses decreased by $4.4 million due to large expenses in the prior year
related to development projects, including legal and consultant expenses. Insurance expenses
related to Police Services were also booked under General Government in prior year but was
moved to the Police program in FY 2014-15.
• Public Works expenses increased by $2.9 million as a result of additional costs to maintain the
new buildings (the Public Safety Complex and the Maintenance Yard Facility) as well as higher
expenses in project engineering and inspection consultant in line with the increased level of
development the City experienced during the fiscal year.
• Parks and Community Services expenses increased$1.1 million as a result of higher costs related
to the maintenance of City facilities, and to the cost of providing various recreational services
such as sports and childcare programs,and City-sponsored events.
9
Revenues and Expenses by Category
The following chart presents the Government-Wide FY 2014-15 revenues in a pie chart format (in
thousands). Approximately 88% of the total revenue is related to four sources: 1)Property taxes, 28%; 2)
Capital Grants and Contributions, 21%; 3) Charges for Services, 21%; and 4) Sales tax, 18%. This is
relatively consistent with the prior year.
Investment Income
Other Taxes $550,0% Intergovernmental Other General
$6,160,6% $2,428,2.3% Revenues
$735,0%
Charges for Services
$21,569,21%
Sales Taxes
$19,212, 18%
Operating Grants
&Contributions
Special Assessments $956, 1%
$1,264, 1% ■••""""—
Capital Grants
&Contributions
Property Taxes $21,932,21%
$29,438, 28%
10
Government-Wide expenses in FY 2014-15 are shown below in the same pie chart format(in thousands).
Of the $72.2 million in total expenses, Public Safety and Police are the largest program costs, making up
a combined 42% of the total. Fire Services, Parks & Community Services and General Government
follow at 17%, 17%, and 15%,respectively.
Community Economic
Development Development
$5,713,8% $679, 1% General Government
$10,774, 15%
Parks&Community
Services
$12,150, 17%
Police
$15,325, 21%
Public Works
$15,336,21%
Fire Services
$12,199, 17%
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 accounting to ensure
and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be
divided into three categories: Governmental funds,Proprietary funds,and Fiduciary funds.
Governmental funds: Governmental funds are used to account for essentially the same functions reported
as governmental activities in the Government-wide financial statements. However, unlike the
Government-wide financial statements, Governmental fund financial statements focus on near-term
inflows and outflows of spendable resources, as well as on balances of spendable resources available at
the end of the fiscal year. Such information may be useful in evaluating a government's near-term
financing requirements.
Because the focus of Governmental funds is narrower than that of the Government-wide financial
statements, it is useful to compare the information presented for Governmental funds with similar
information presented for governmental activities in the Government-wide financial statements. By doing
so, readers may better understand the long-term impact of the government's near-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.
11
The City maintains forty-seven (47) individual Governmental funds. Information is presented separately
in the Governmental fund balance sheet and in the Governmental fund statement of revenues,
expenditures, and changes in fund balances for the following ten funds: General Fund; Affordable
Housing Fund; four Capital Project Funds (General Improvement Projects; Community Improvement
Projects; Parks Projects; Streets Projects); and four Impact Fee Funds (Public Facilities Impact Fees, Fire
Impact Fees, Traffic Impact Fees, and Dublin Crossings Contribution). These funds either qualify or the
City requested them to be classified as major funds due to their significance in the financing of new
capital assets. Data from the other thirty-seven (37) 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.
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.
12
FINANCIAL ANALYSIS OF THE GOVERNMENTAL FUNDS
At June 30, 2015, the City's governmental funds reported combined ending fund balances of $172.4
million, an increase of$32.0 million from the prior year. Table 3 below illustrates the net change in fund
balances over the prior year for these funds. A discussion of the changes follows the table; individual and
non-major funds may be found in the Supplemental.
TABLE 3: GOVERNMENTAL FUND BALANCE CHANGES
June 30,2015 and 2014
June 30,2015 June 30,2014 $Change % Change
General Fund 97,706,494 79,577,762 18,128,732 22.8%
Affordable Housing Fund 13,607,857 10,064,299 3,543,558 35.2%
Capital Improvement Funds 50,385,192 41,339,587 9,045,605 21.9%
Other Governmental Funds 10,745,411 9,404,895 1,340,516 14.3%
Total Governmental Funds 172,444,954 140,386,543 32,058,411 22.8%
GENERAL FUND
The General Fund is the chief operating fund of the City. Approximately $1.5 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 2014-15, the
unassigned fund balance of the General Fund was $21.3 million, representing approximately four months
of budgeted FY 2015-16 expenditures, with total fund balance at $97.7 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 8 to the financial statements.
During FY 2014-15, General Fund revenues exceeded its expenditures by $19.5 million, before transfers
out. Compared to the prior year, General Fund revenues came in$8.2 million higher, from$67.9 million
in FY 2013-14 to $76.1 million in FY 2014-15. Excluding Community Benefit Payments, which are
considered one-time in nature,revenue in FY 2014-15 came in approximately$5.3 million higher than the
prior year. This is due mainly to gains in Property Taxes and Sales Taxes, which made up 28.2% and
18.4%,respectively,of all General Fund revenues in FY 2014-15.
Expenditures in General Fund departments totaled $56.6 million in FY 2014-15, staying nearly $8.5
million under the final budget(not including transfers out), but coming in $1.3 million higher than actual
expenditures in the prior year. This is primarily due to a$1.4 million increase in contracted services costs
over the prior year.
Also in FY 2014-15, The General Fund contributed$1.4 million towards capital project expenditures,via
transfers out to Capital Improvement Project Funds. This is a decrease of nearly $9.0 million over the
prior year,and is due primarily to transfers of$4.9 million and$3.2 million for the Maintenance Yard and
the Public Safety Complex, respectively, in prior year- both of those projects were completed early in
FY 2014-15. After transfers, total reserves increased nearly $18.1 million as of June 30, 2015. It is
important to note that,of the total transferred out for capital projects,$1.4 million was covered by specific
Committed Reserves.
13
AFFORDABLE HOUSING FUND
The Affordable Housing Fund is a special revenue fund which accounts for funds associated with the
Affordable Housing programs. The fund balance totaled $13.6 million at June 30, 2015, an increase of
$3.5 million over the prior year. The change reflects $2.5 million developer fee revenue and loan
principal of$1.4 million collected that were offset with program expenditures of$0.4 million incurred
during the year.
CAPITAL IMPROVEMENTS FUNDS
As previously described the City has included seven specific capital funds in the information presented as
part of the governmental funds.Four of the funds are used to capture expenditures related to active capital
projects that are 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, 2015 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 2014-15 was $8.8 million, an increase of$1.2 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 2014-15 totaled$0.08 million in this fund. The balance is restricted due to
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 2014-15 was $0.4
million, approximately $0.2 million more 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 2014-15 the amount owed to the General
Fund decreased by $445,179 after accounting for interest on the outstanding balance. The total balance
owed to the General Fund, as of June 30, 2015 is $0.5 million. The balance is restricted due to legal
restrictions and it is not available for general purposes.
Traffic Impact Fee Funds: The 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 2014-15 totaled $6.3 million (including
interest earned), approximately $1.5 million more than collected in the prior year. The City expended
approximately $0.6 million in payments to reduce outstanding obligations. In addition, approximately
$1.4 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$4.4 million. The balance is restricted due to
legal restrictions and it is not available for general purposes.
14
NON-MAJOR FUNDS
The City's non-major funds, which are all Special Revenue Funds, are presented in the basic financial
statements in the aggregate. Total fund balance increased$1.3 million,from $9.4 million in the prior year
to $10.7 million in FY 2014-15. 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 30,2015 and 2014
June 30,2015 June 30,2014 $Change %Change
Function
Public Safety 937,415 902,161 35,254 3.9%
Transportation 4,134,387 4,197,427 (63,040) -1.5%
Environmental 1,041,709 960,102 81,607 8.5%
Parks,Culture,Arts 3,338,687 2,314,755 1,023,932 44.2%
Health& Welfare 88,326 82,383 5,943 7.2%
Maintenance Districts 1,204,887 948,066 256,821 27.1%
TOTAL FUND BALANCE 10,745,411 9,404,895 1,340,516 14.3%
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 Parks, Culture and Arts category
shows an increase in fund balance due to the collection of some large Public Arts In-Lieu fees, totaling
$0.9 million, from various developers. The increase in Maintenance District balances is largely due to
capital expenditures for the Energy Efficiency Upgrade project. More information about these aggregated
non-major funds can be found in the combining statements following the required supplementary
information.
15
0.
GENERAL FUND BUDGETARY HIGHLIGHTS
A summary of the budgetary comparison schedule for the General Fund is shown in Table 5 below. The
complete schedule, as required, is included in the supplementary information following the notes to the
financial statements.
TABLE 5:SUMMARY OF GENERAL FUND ORIGINAL AND FINAL BUDGET AND ACTUAL
Period Ending June 30,2015
Budget Amounts Actual Variance from
Original Final Amount Final Budget
REVENUE
Taxes 48,398,777 52,705,527 54,168,662 1,463,135
Intergovernmental 193,620 193,620 483,300 289,680
Licenses and permits 3,864,977 5,225,552 6,025,685 800,133
Charges for services 7,139,807 8,437,904 10,338,553 1,900,649
Use of money&property 1,384,618 1,384,618 1,551,845 167,227
Fines and forfeitures 138,260 138,260 124,529 (13,731)
Other revenue 2,784,178 3,143,878 3,406,685 262,807
Total Revenue 63,904,237 71,229,359 76,099,259 4,869,900
EXPENDITURE
General government 7,687,814 11,488,993 6,673,470 4,815,523
Police 16,299,006 16,309,297 15,425,566 883,731
Fire 11,928,157 11,928,157 11,599,771 328,386
Public Works 6,263,377 7,050,935 6,802,671 248,264
Parks and Community Services 10,566,724 10,956,654 9,621,233 1,335,421
Economic Development 1,027,724 1,165,676 808,272 357,404
Community development 5,424,980 6,196,666 5,646,266 550,400
Total Expenditure 59,197,782 65,096,378 56,577,249 8,519,129
OTHER FINANCING SOURCES(USES)
Transfer out (1,353,216) (6,374,182) (1,393,278) 4,980,904
Total other financing sources (uses) (1,353,216) (6,374,182) (1,393,278) 4,980,904
NET CHANGE IN FUND BALANCE 3,353,239 (241,201) 18,128,732 18,369,933
Over the course of the year, revisions were made to the City budget with adjustments that generally fall
into one of the following three categories:
• Adjustments to carry over operating budgets from the prior year.
• Adjustments to carry over capital expenditure budgets, typically in the form of transfers out to
capital improvement funds,from the prior year.
• Adjustments to revenue and expenditure budgets based on current economic conditions, new
revenue sources,and/or operational spending needs after the original budget was adopted.
16
In the General Fund total actual revenues exceeded the final budget by $4.8 million as of June 30, 2015,
due mainly to the following factors:
• Taxes: $1,463,135 higher than budget. Sales Tax came in$226,591 higher than budget,as a result
of overall growth across nearly all sectors. The Business and Industry sector (which typically
trends with development activity) showed the higher gain as projected by the City. Property
Transfer Tax came in $389,428 higher, linked to increased assessed valuations; high hotel
occupancy and room rates brought Transient Occupancy Tax revenue in $369,409 over budget;
Garbage and Cable franchise fee revenue came in $347,017 above budget, due both to rate
increases and expanded services.
• Licenses and Permits: $800,133 higher than budget.Building Permits came in$708,400 higher as
a result of the acceleration of development activity during FY 2014-15. It is important to note that
these revenues are not long-term in nature, and that long-term forecasts incorporate a significant
reduction in such development-related income. Because there is a lag between the receipt of
revenue and the expense of related funds to provide the services,the City continues to maintain a
Service Continuity Reserve(currently at$2,771,500)to ensure that there are future funds to cover
expenditures when development activity slows.
• Intergovernmental: $289,680 higher than budget. This is due to a series of payments from the
State, totaling $254,961, in reimbursement for past compliance with State mandates, via the
Senate Bill 90 claiming process,
• Charges for Service: $1,900,649 higher than budget. The increase is related to the different
method of booking the Fire Services from Santa Rita jail. In the past, the City recorded the
revenue in arrears. However,the revenue recognition methodology has been altered to reflect the
timely revenue balance causing the revenue to double up in FY 2014-15. The increase was also
contributed by higher Zoning fee revenue tied to the overall increase in development activity as
well as increase in revenue from Family and Sports Programs.
• Other Revenue: $262,807 higher than budget. This is primarily due to Community Benefit
Payments coming in$188,725 higher than budget.The City does not typically budget for these on
an ongoing basis,unless there are some large,known payments at the beginning of the year. With
the accelerated development in FY 2014-145 the City also received a number of smaller
payments that were related to existing development agreements.
General Fund expenditures came in $8.5 million lower than the final budget, reflecting overall savings
across departments.The following is a discussion of the changes:
• General Government: $4,815,523 lower than budget. The bulk of the budget savings is related to
the budgeted transfer of$3.5 million to the Public Facilities Fees Funds that did not occur during
the year. Instead. A reserve was set up for the possible future transfer of funds, which would be
considered an interfund loan to be repaid over time. Additionally, there were several vacancies
throughout the year in administrative departments, and some unused salary contingencies
(typically used for merit increases), accounting for $322,102 in budget savings. Services and
supplies also came in lower(by$177,318),primarily due to lower insurance premiums,according
to the City's plan of coverage and claim history. Contracted services reflects the largest operating
savings for the administrative group,at$795,378 lower than budget,for a variety of contracts that
were opened via the purchase order process,with the work extending and/or being carried over to
the current fiscal year.
• Public Safety: Police came in $883,731 lower than budget due primarily to the unanticipated
decrease in insurance premiums,that was not accounted for in the contract at the beginning of the
year, as well as to due to a Neighborhood Resources Officer moving from the City books to the
contract with the County. Costs for Fire Services also came in lower than budget($328,386) due
17
to overall contract savings in nearly every category (personnel, vehicle, services and supplies,
etc.).
• Public Works: $248,264 lower than budget, due primarily to savings in potable water, with an
increased reliance on recycled water at City facilities.
• Parks and Community Services: $1,335,421 lower than budget. Some of the budget savings
($296,659)was a result of staff vacancies throughout part of the year, and services and supplies
also came in lower than budget. Savings of$117,282 in Utilities reflects the savings the City is
experiencing as it moves more facilities to recycled water for parks maintenance. In addition,
some budgets for small-scale maintenance projects and routine upgrades were not utilized until
the beginning of the current fiscal year (e.g. park drainage and maintenance, community center
enhancements, Senior Center marquee upgrade).
• Economic Development: $357,404 lower than budget. This is a result of the carryover budgets
from the prior year for the Commercial Façade Improvement Program, which the City is
continuing into FY 2015-16, as well as to remaining budget for the Marketing and Branding
Campaign which is also continued in to the current fiscal year.
• Community Development: $550,400 lower than budget. The primary driver of budget savings in
this department is the remaining budgets for specific contracted services related to development.
These fluctuate with the City's activities and with the timelines for projects, and are typically
carried over to the next budget year until the projects are closed.
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The City's investment in capital assets for its governmental activities, as of June 30, 2015, amount to
$451.0 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 2014-15, the City's investment in capital assets •
increased by approximately $6.8 million (1.0%), due to primarily to additions to infrastructure and to
project construction in progress.
TABLE 6: SUMMARY OF INVESTMENT IN CAPITAL ASSETS
June 30,2015 and 2014
Governmental Activities
June 30,2015 June 30,2014 $Change % Change
Land 171,301,925 171,301,925 (0) 0.0%
Streets Right of Way 35,425,288 35,425,288 (0) 0.0%
Construction in Progress 24,698,855 32,519,388 (7,820,533) -24.0%
Infrastructure 386,792,064 383,700,250 3,091,814 0.8%
Buildings and Improvements 75,790,207 70,721,237 5,068,970 7.2%
Machinery and Equipment 14,835,775 8,354,971 6,480,804 77.6%
Subtotal 708,844,113 702,023,059 6,821,054 1.0%
Less:Accumulated Depreciation (258,261,756) (250,364,887) (7,896,869) 3.2%
Total Net of Depreciation 450,582,357 451,658,172 (1,075,815) -0.2%
18
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 2014-15 is presented in
Table 7 below(this includes project costs that may not have any impact on changes to capital assets,such
as repairs or planning costs). For more detailed information of capital assets balances, see Note 6 to the
financial statements.
19
TABLE 7: SUMMARY OF CAPITAL IMPROVEMENT PROJECT ACTIVITY
As of June 30,2015
FINAL
PROJECT NAME BUDGET ACTUAL STATUS
GENERAL IMPROVEMENTS 62,177 1,241,494
Police Building Renovation - 31,857 In Progress
Maintenance Yard Facility Improvements - 883,578 In Progress
Electronic Agenda System - 27,902 In Progress
Public Safety Complex - 7,022 Complete
Energy Efficiency Upgrade - 13,361 Complete
Network System Upgrade 22,000 89,790 In Progress
Geographic Information System 19,000 43,247 In Progress
Civic Center Modification Design&Construction - 122,339 In Progress
ADA Transition Plan 21,177 22,400 Annual
COMMUNITY IMPROVEMENTS 326,037 68,190
San Ramon Road Landscape Renovation 239,065 405 In Progress
Sidewalk Safety Repair 86,972 67,785 Annual
PARKS 25,657,572 4,742,329
Emerald Glen Park Recreation&Aquatic Complex 14,931,256 3,315,812 In Progress
Dublin Crossing Community Park 167,448 97,220 In Progress
Passatempo Park - 897 Complete
Dublin Heritage Park Cemetery Phase 816,960 6,928 In Progress
Positano Hills Neighborhood Park - 181,637 Complete
Library Expansion-Center for 21st Cnty 129,756 26,447 In Progress
Fallon Sports Park Ph II 7,530,599 656,963 In Progress
Public Art-Emerald Glen Recreation 154,904 91,977 In Progress
Jordan Ranch Neighborhood Park 1,802,899 39,509 In Progress
Fallon Sports Park 113,750 13,500 In Progress
Shannon Park Water Play Area - 56,266 In Progress
Tennis Court Resurfacing Project 10,000 255,175 Complete
STREETS 7,273,436 3,568,143
St. Patrick Way-Regional Street to Golden Gate Dr - 52,089 In Progress
Citywide St Storm Drain Condition 160,042 184 In Progress
Traffic Sign Inventory and Safety Review 65,434 - In Progress
Citywide Signal Communication Upgrade 33,623 3,670 In Progress
City Irrigation Improvements - 113,288 In Progress
Amador Plaza Road Bicycle and Pedestrian - 14,330 In Progress
Dougherty Rd. Improve- Sierra Ln 5,964,802 1,204,549 In Progress
Dublin Blvd-Sierra Ct to Dublin 38,840 93,447 In Progress
Storm Drain Bypass San Ramon Rd - 30,176 In Progress
AVB Crosswalk Improvements - 164,182 Complete
Accessible Pedestrian Signal Retr - 5,502 Complete
Street Overlay Program 321,507 1,082,862 Annual
Slurry Seal Program 654,954 772,184 Annual
Dublin Ranch Street Light Pole Painting 34,234 31,680 Annual
TOTAL 33,319,222 9,620,157
20
Debt
In FY 2012-13, the City entered into a lease financing arrangement to fund planned energy-efficient
improvements through an Energy Services Performance Contract with Chevron Solutions. The total
amount financed was $6.8 million, which was added to the City's long-term debt category, with an
average repayment of$0.6 million annually for fourteen years. FY 2013-14 was the first year the City
began to repay this debt. For more detailed information of debt balances and repayment schedules, see
Note 7 to the financial statements.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
The City is currently preparing its budget for FY 2016-17, which is the first year in a two-year budget
cycle. Although Property Tax and Sales Tax have shown significant gains in the last two years, contract
costs and ongoing maintenance of new facilities remains a concern in the long-term perspective.
As discussed in the Transmittal Letter, the current level of development revenue is not expected to
continue as the City nears build-out. While that is not likely to occur in the next five years, the City is
planning for that eventuality by shoring up funding now to fund future capital projects and bridge the
eventual gaps related to declines in revenue. The FY 2016-17 operational budget will likely remain
largely unchanged from what was adopted in June 2015;however, increased property and sales taxes will
allow the City to consider one-time contributions to capital projects, contingency reserves, or to other
long-term liabilities.
With these things in mind, the City will continue to focus on the following primary goals: 1) Fully fund
current City operations; 2) Continue funding future capital endeavors now, through the setting aside of
specific reserves;and 3)Maintain adequate operating reserves over the long term.
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 fmancial 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 30,2015
GOVERNMENT-WIDE FINANCIAL STATEMENTS
STATEMENT OF NET POSITION
AND STATEMENT OF ACTIVITIES
23
1
CITY OF DUBLIN
STATEMENT OF NET POSITION
JUNE 30,2015
Governmental
Activities
ASSETS
Current assets:
Cash and investments(Note 3) $197,010,818
Accounts receivable 5,728,428
Accrued interest receivable 400,087
Prepaids 90,401
Total current assets 203,229,734
Noncurrent assets:
Notes receivable(Note 5) 9,632,631
Capital assets(non-depreciable)(Note 6):
Land 171,301,925
Streets right of way 35,425,288
Construction in progress 24,698,855
Capital assets(depreciable)(Note 6):
Infrastructure 386,792,065
Building and improvements 75,790,206
Vehicles and equipment 14,835,774
Less accumulated depreciation (258,261,756)
Total capital assets 450,582,357
Total noncurrent assets 460,214,988
Total Assets 663,444,722
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to pension(Note 10) 1,067,859
LIABILITIES
Current liabilities:
Accounts payable 13,786,799
Accrued wages and other payroll liabilities 549,073
Deposits payable 5,279,199
Contract retention payable 55,434
Other payables 131,657
Unearned revenue 302,888
Compensated absences-Due within one year(Note 1G) 667,276
Long-term debt(Note 7):
Due in one year 403,459
Total current liabilities 21,175,785
Noncurrent liabilities:
Net OPEB obligation-City of Dublin(Note 11A) 4,647
Net OPEB obligation-Dublin Regional Fre Authority(Note 11B) 315,269
Net pension liability(Note 10) 7,837,436
Claims payables(Note 12) 154,500
Compensated absence(Note 1G) 285,976
Long-term debt(Note 7):
Due in more than one year 5,346,352
Total noncurrent liabilities 13,944,180
Total Liabilities 35,119,965
24
CITY OF DUBLIN
STATEMENT OF NET POSITION(Continued)
JUNE 30,2015
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to pension(Note 10) 2,645,492
NET POSITION(Note 8)
Net Investment in capital assets 444,832,546
Restricted for.
Public safety 937,415
Impact fee projects 53,376,143
Highways and streets 5,899,512
Health and welfare 14,177,662
Culture and leisure 347,485
Total restricted 74,738,217
Unrestricted 107,176,361
Total Net Position $626,747,124
See accompanying notes to financial statements
25
a _
CITY OF DUBLIN
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30,2015
Program Revenues
Operating Capital
Charges for Grants and Contributions
Expenses Services Contributions and Grants
Governmental Activities:
General government $10,774,480 $5,777,971 $764,655 $21,931,556
Police 15,325,113 399,802 5,000
Fire 12,198,769 1,746,581
Public works 15,336,225 2,978,235 425
Park and community services 12,149,716 3,009,383 97,320
Economic development 679,313 12,000
Community development 5,713,196 7,657,467 76,702
Total Governmental Activities $72,176,812 $21,569,439 $955,677 $21,931,981
General revenues:
Taxes
Property taxes
Special assessment 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,as adjusted(1M)
End of year
See accompanying notes to financial statements
26
Net(Expense)
Revenue and
Changes in
Net Position
Total
Program Governmental
Revenues Activities
$28,474,182 $17,699,702
404,802 (14,920,311)
1,746,581 (10,452,188)
2,978,660 (12,357,565)
3,106,703 (9,043,013)
12,000 (667,313)
7,734,169 2,020,973
$44,457,097 (27,719,715)
29,437,951
1,264,204
19,211,823
6,159,654
56,073,632
2,428,248
735,139
550,272
59,787,291
32,067,576
594,679,548
$626,747,124
27
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FUND FINANCIAL STATEMENTS
The funds described below were determined to be Major Funds by the City in Fiscal Year 2014-2015. Individual
non-major funds may be found in the Supplemental.
The General Fund-is the governments primary operating fund.It accounts for all financial resources of the City,
except those required to be accounted for in another fund.
The Affordable Housing Special Revenue Fund- is used to account for in-lieu fees received from developers of
properties,which can only be used for the design, development, and construction of citywide affordable housing
projects and/or support of affordable housing programs.
The General Improvements Projects Capital Projects Fund- is used to manage the programming of funds and
activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that are general in nature and are not Streets, Parks,
or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund- is used to manage the programming of funds
and activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would promote or enhance redevelopment,
revitalization, beautification of the City's infrastructure and are not General Improvements, Streets or Parks
related projects.
The Parks Projects Capital Projects Fund-is used to manage the programming of funds and activities associated
with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures and utilizes
those resources to support projects that would construct,improve,or enhance the City's parks and facilities.
The Streets Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures
and utilizes those resources to support projects that would construct, improve, or enhance the City's trails,
highways, streets,roads,bridges,as well as street lighting,and storm drain systems.
The Public Facilities Impact Fees Capital Projects Fund - is used to account for impact fees received from
developers of properties, which can only be used for the design, development, and construction of new public
facilities within the City.
The Fire Impact Fees Capital Projects Fund- is used to account for impact fees received from developers of
properties,which can only be used for the design,development,and construction of fire capital expansion projects
within the City.
The Traffic Impact Fees Capital Projects Fund- is used to account for impact fees received from developers of
properties, which can only be used for the design, development and construction of street and highway projects
which serve as part of the City's transportation network.
The Dublin Crossing Contribution Capital Projects Fund-accounts for community benefit payments specific
to the Dublin Crossings Project,separate from any developer impact fees generated by the project.
29
CITY OF DUBLIN
GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30,2015
Capital Projects Funds
Special Revenue
Fund General Community
Affordable Improvements Improvements Parks
General Housing Projects Projects Projects
ASSETS
Cash and investments(Note 3) $104,602,678 $13,668,824 $28,420 $4,281 $1,121,988
Accounts receivable 4,378,067 500 51,259
Accrued interest receivable 400,087
Due from other funds(Note 4B) 3,357,283
Notes receivable(Note 5) 9,632,631
Advances to ISF PERS Side Fund(Note 4C) 918,005
Advances to other funds(Note 4C) 456,729
Prepaids 50,898
Total Assets $114 3,747 $23,301,955 =$79 679 S4 281 , $1,121,988
LIABILITIES
Accounts payable $10,233,092 S49,660 $63,757 S110 $1,117,021
Accrued wages and other payroll liabilities 549,073
Deposits payable 5,217,381 11,807
Contract retention payable 3,317
Other payables 131,657
Unearned revenue 302,888
Due to other funds(Note 4B)
Advances from other funds(Note 4C)
Total Liabilities 16,434,091 61,467 63,757 3,427 1,117,021
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue-accounts receivable 23,162
Unavailable revenue-loans receivable 9,632,631
Total Deferred Inflows of Resources 23,162 9,632,631
FUND BALANCES(DEFICITS)(Note 8)
Non-spendable 1,475,691
Restricted 500,000 13,607,857
Committed 38,531,179 15,922 854 4,967
Assigned 35,875,264
Unassigned 21,324,360
Total Fund Balances(Deficits) 97,706,494 13,607,857 15,922 854 4,967
Total Liabilities,Deferred Inflows of
Resources and Fund Balances $114,163,747 $23301955 S79,679 S4,281 $1,121,988
, ,
See accompanying notes to financial statements
30
Capital Projects Funds
Public Fire Traffic Dublin Other Total
Streets Facilities Impact Impact Crossing Governmental Governmental
Projects Impact Fees Fees Fees Contribution Funds Funds
$719,140 $36,113,026 $18,079,311 $10,966,597 $185,304,265
194,358 936,717 5,560,901
400,087
3,357,283
9,632,631
918,005
456,729
50,898
$719,140 $36,113,026 $18,273,669 $11,903,314 $205,680,799
$688,523 $9,275 $1,013,014 $290 $273,047 $13,447,789
549,073
488 25,757 23,766 5,279,199
52,117 55,434
131,657
302,888
2,439,428 $13,878 42,887 861,090 3,357,283
456,729 456,729
740,640 2,448,703 470,607 1,013,502 68,934 1,157,903 23,580,052
23,162
9,632,631
9,655,793
1,475,691
33,664,323 17,260,167 11,114,501 76,146,848
38,552,922
35,875,264
(21,500) (470,607) (68,934) (369,090) 20,394,229
(21,500) 33,664,323 (470,607) 17,260,167 (68,934) 10,745,411 172,444,954
$719140
S.221322.6. $18,273,669 $11,903,314 $205,680,799
31
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CITY OF DUBLIN
Reconciliation of the
GOVERNMENTAL FUNDS--BALANCE SHEET
with the
STATEMENT OF NET POSITION
JUNE 30,2015
Total fund balances reported on the governmental funds balance sheet $172,444,954
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. 400,336,744
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 $11,706,553
Prepaid items 39,503
Accounts receivable 167,527
Capital assets 50,245,613
Accounts payable and accruals (339,010)
Interfund balance (918,005)
Capital lease (5,749,811)
55,152,370
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. 9,655,793
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:
Collective net pension liability,and related deferred outflows and inflows of resources (9,415,069)
Net OPEB obligation-City of Dublin (315,269)
Net OPEB obligation-Dublin Regional Fire Authority (4,647)
Compensated absences (953,252)
Non-current portion of general liability claims (154,500)
(1,427,668)
NET POSITION OF GOVERNMENTAL ACTIVITIES $626,747,124
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 30,2015
Special
Revenue Fund Capital Projects Funds
General Community
Affordable Improvements Improvements Parks
General Housing Projects Projects Projects
REVENUES
Property taxes $29,437,951
Sales tax 18,571,056
Other taxes 6,159,654
Intergovernmental 483,300
Licenses and permits 6,025,685
Charges fix service 10,338,553 $26,468
Interest 550,264 118,833
Use of property 1,001,582 1,351,228
Fines and forfeitures 124,529
Developer fees 2,479,989
Other revenue 3,406,685
Special assessments
Total Revenues 76,099,259 3,976,518
EXPENDITURES
Current
General Government 6,673,470 96,748
Police 15,425,566
Fire 11,599,771
Public works 6,802,671
Park and community services 9,621,233
Economic development 808,272
Community development 5,646,266 341,512
Capital outlay:
General improvements $1,241,494
Community improvements $68,190
Parks $4,742,328
Streets
Total Expenditures 56,577,249 438,260 1,241,494 68,190 4,742,328
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES 19,522,010 3,538,258 (1,241,494) (68,190) (4,742,328)
OTHER FINANCING SOURCES(USES)
Transfers in(Note 4A) 5,300 1,241,494 68,190 4,742,329
Transfers(out)(Note 4A) (1,393,278)
Total Other Financing Sources(Uses) (1,393,278) 5,300 1,241,494 68,190 4,742,329
NET CHANGE IN FUND BALANCES 18,128,732 3,543,558 1
BEGINNING FUND BALANCES(DEFICIT) 79,577,762 10,064,299 15,922 854 4,966
ENDING FUND BALANCES(DEFICIT) $97,706,494 $13,607,857 $15,922 $854 $4,967
See accompanying notes to financial statements
34
Capital Projects Funds
Public Fire Traffic Dublin Other Total
Streets Facilities Impact Impact Crossing Governmental Governmental
Projects Impact Fees Fees Fees Contribution Funds Funds
$29,437,951
$640,766 19,211,822
6,159,654
2,762,522 3,245,822
6,025,685
3,372,913 13,737,934
$229,303 $103,738 $17 69,781 1,071,936
2,352,810
196,100 320,629
8,534,908 $434,307 6,154,171 974,797 18,578,172
13,248 53,079 3,473,012
1,264,201 1,264,201
8,764,211 434,307 6,271,157 17 9,334,159 104,879,628
3,006 551,338 50,000 3,288,578 10,663,140
271,866 15,697,432
330,474 11,930,245
869 1,678,146 8,481,686
79,711 30,059 9,731,003
808,272
71,402 6,059,180
1,241,494
68,190
4,742,328
$3,568,142 3,568,142
3,568,142 79,711 3,006 552,207 50,000 5,670,525 72,991,112
(3,568,142) 8,684,500 431,301 5,718,950 (49,983) 3,663,634 31,888,516
3,568,143 9,625,456
(4,305,724) (1,364,415) (69,026) (2,323,118) (9,455,561)
3,568,143 (4,305,724) (1,364,415) (69,026) (2,323,118) 169,895
1 4,378,776 431,301 4,354,535 (119,009) 1,340,516 32,058,411
(21,501) 29,285,547 (901,908) 12,905,632 50,075 9,404,895 140,386,543
($21,500) $33,664,323 ($470,607) $17,260,167 ($68,934) $10,745,411 $172,444,954
35
CITY OF DUBLIN
Reconciliation of the
NET CHANGE IN FUND BALANCES-TOTAL GOVERNMENTAL FUNDS
with the
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30,2015
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 $32,058,411
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 8,527,662
Depreciation expense is deducted from the fund balance. The amount excludes the
depreciation of$1,877,903 for Internal Service Funds (8,189,857)
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):
Unearned revenue (664,338)
Compensated absences 25,996
Claims liability 40,557
Collective net pension liability 162,147
OPEB asset-City of Dublin (40,536)
OPEB obligation-Dublin Regional Fire Authority (11,903)
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 159,437
CHANGE IN NET POSITIONS OF GOVERNMENTAL ACTIVITIES $32,067,576
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES
Property taxes $25,898,281 $29,290,511 $29,437,951 $147,440
Sales tax 17,686,696 18,361,216 18,571,056 209,840
Other taxes 4,813,800 5,053,800 6,159,654 1,105,854
Intergovernmental 193,620 193,620 483,300 289,680
Licenses and permits 3,864,977 5,225,552 6,025,685 800,133
Charges for services 7,139,807 8,437,904 10,338,553 1,900,649
Interest 368,581 368,581 550,264 181,683
Use of property 1,016,037 1,016,037 1,001,582 (14,455)
Fines and forfeitures 138,260 138,260 124,529 (13,731)
Other revenue 2,784,178 3,143,878 3,406,685 262,807
Total Revenues 63,904,237 71,229,359 76,099,259 4,869,900
EXPENDITURES
Current:
General government 7,687,814 11,488,993 6,673,470 4,815,523
Police 16,299,006 16,309,297 15,425,566 883,731
Fire 11,928,157 11,928,157 11,599,771 328,386
Public works 6,263,377 7,050,935 6,802,671 248,264
Park and community services 10,566,724 10,956,654 9,621,233 1,335,421
Economic development 1,027,724 1,165,676 808,272 357,404
Community development 5,424,980 6,196,666 5,646,266 550,400
Total Expenditures 59,197,782 65,096,378 56,577,249 8,519,129
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES 4,706,455 6,132,981 19,522,010 13,389,029
OTHER FINANCING SOURCES(USES)
Transfers(out)(Note 4A) (1,353,216) (6,374,182) (1,393,278) 4,980,904
Total Other Financing Sources(Uses) (1,353,216). (6,374,182) (1,393,278) 4,980,904
NET CHANGE IN FUND BALANCE $3,353,239 ($241,201) 18,128,732 $18,369,933
BEGINNING FUND BALANCE 79,577,762
ENDING FUND BALANCE $97,706,494
See accompanying notes to financial statements
37
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES:
Interest $46,737 $46,737 $118,833 $72,096
Loan repayment 1,351,228 1,351,228
Charges for services 43,360 43,360 26,468 (16,892)
Developer fees 1,234,416 2,434,416 2,479,989 45,573
Total Revenues 1,324,513 2,524,513 3,976,518 1,452,005
EXPENDITURES:
Current
General government 29,550 104,550 96,748 7,802
Community development 650,121 7,215,358 341,512 6,873,846
Total Expenditures 679,671 7,319,908 438,260 6,881,648
REVENUES OVER(UNDER)EXPENDITURES 644,842 (4,795,395) 3,538,258 8,333,653
OTHER FINANCING SOURCES(USES)
Transfers in(Note 4A) 6,600 6,600 5,300 (1,300)
Total Other Financing Sources(Uses) 6,600 6,600 5,300 (1,300)
NET CHANGE IN FUND BALANCE $651,442 ($4,788,795) 3,543,558 $8,332,353
BEGINNING FUND BALANCE 10,064,299
ENDING FUND BALANCE $13,607,857
See accompanying notes to financial statements
38
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 30,2015
Governmental
Activities-
Internal Service
Funds
ASSETS
Current Assets:
Cash and investments(Note 3) $11,706,553
Accounts receivable 167,527
Prepaid items 39,503
Total current assets 11,913,583
Noncurrent Assets:
Capital assets(Note 6):
Land 10,774,792
Construction in progress 3,403,773
Building and improvements 63,094,195
Vehicles and equipment 6,756,164
Less:accumulated depreciation (33,783,311)
Total noncurrent assets 50,245,613
Total Assets 62,159,196
LIABILITIES
Current Liabilities:
Accounts payable and accruals 339,010
Capital lease(Note 7) 4031459
Total current liabilities 742,469
Non-Current Liabilities:
Capital lease(Note 7) 5,346,352
Advances from other fimds(Note 4C) 918,005
Total Liabilities 7,006,826
NET POSITION(Note 8)
Net investment in capital assets 44,495,802
Unrestricted 10,656,568
Total Net Position $55,152,370
See accompanying notes to financial statements
40
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF REVENUE,EXPENSES
AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30,2015
Governmental
Activities-
Internal Service
Funds
OPERATING REVENUES
Charges for services $3,991,331
Other revenue 1,152,515
Total Operating Revenues 5,143,846
OPERATING EXPENSES
Supplies and services 344,237
OPEB expenses 1,842,228
Depreciation 2,594,736
Interest and fiscal charges 156,897
Total Operating Expenses 4,938,098
Operating Loss 205,748
NONOPERATING REVENUES(EXPENSES)
Interest income 72,904
Gain from sales of property 50,680
Total Nonoperating Revenues 123,584
Loss Before Transfers 329,332
Transfer out(Note 4A) (169,895)
Change in net position 159,437
Net Position-Beginning of year 54,992,933
Net Position-Ending of year $55,152,370
See accompanying notes to financial statements
41
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30,2015
Governmental
Activities-
Internal Service
Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds $3,933,455
Payments to suppliers and service providers (2,538,738)
Other revenues 1,152,515
Net cash flows from operating activities 2,547,232
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments to other funds (532,925)
Cash Flows from Noncapital Financing Activities (532,925)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Interest paid on capital lease (156,897)
Capital lease repayment (378,995)
Purchase of capital assets (1,407,412)
Proceeds from sales of capital assets 276,976
Cash Flows from Capital and Related Financing Activities (1,666,328)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 72,904
Cash Flows from Investing Activities 72,904
Net Cash Flows 420,883
Cash and investments at beginning of year 11,285,670
Cash and investments at end of year $11,706,553
Reconciliation of operating loss to
net cash provided by operating activities:
Operating loss $205,748
Adjustments to reconcile operating loss to
net cash provided by operating activities:
Depreciation 2,594,736
Interest and fiscal charges 156,897
Change in assets and liabilities:
Accounts receivable (57,876)
Prepaid items (2,039)
Accounts payable and accruals (350,234)
Net cash flows from operating activities $2,547,232
See accompanying notes to financial statements
42
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 fmancial activities of these funds are excluded from the Entity-wide fmancial
statements,but are presented in separate Fiduciary Fund financial statements.
43
CITY OF DUBLIN
FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
JUNE 30,2015
Agency
Fund
ASSETS
Cash and investments(Note 3) $3,851,091
Accounts receivable 8,352
Due from trustee 433
Total Assets $3,859,876
LIABILITIES
Accounts payable $1,023
Due to trustee 3,850,350
Due to bondholders 8,503
Total Liabilities $3,859,876
See accompanying notes to financial statements
44
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES I
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 fmancial 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, 2015 was 55,844. 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 #159 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, 2015, 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
127.18 contract employees provide a variety of municipal services from City facilities.As of June 30,2015,
the City had approximately 108 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 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
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 party
receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment
earnings,result from nonexchange transactions or ancillary activities.
C. Major Funds
Major funds are defined as funds that have either assets, liabilities,revenues or expenditures/expenses equal
to ten percent of their fund-type total and five percent of the grand total. The General Fund is always a
major fund. The City may also select other funds it believes should be presented as major funds.
The City reported the following major governmental funds in the accompanying financial statements:
The General Fund- is the governments primary operating fund. It accounts for all 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.
46
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
The Public Facilities Impact Fees Capital Projects Fund-is used to account for impact fees received from
developers of properties, which can only be used for the design, development, and construction of new
public facilities within the City.
The Fire Impact Fees Capital Projects Fund-is used to account for impact fees received from developers
of properties, which can only be used for the design, development, and construction of fire capital
expansion projects within the City.
The Traffic Impact Fees Capital Projects Fund - is used to account for impact fees received from
developers of properties,which can only be used for the design,development and construction of street and
highway projects which serve as part of the City's transportation network.
The Dublin Crossing Contribution Capital Projects Fund— accounts for community benefit payments
specific to the Dublin Crossings Project,separate from any developer impact fees generated by the project.
The City also reports the following fund types:
Internal Service Funds—Account for replacement of assets and internal charges collected for the purpose
of funding retirement plan side-fund obligations,post-retirement healthcare activities, and the financing and
funding for the 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, Schaefer Ranch, Fallon Village Annex/Jordan Ranch, and Fallon Crossing Geological
Hazard Abatement Districts(GHAD)are Agency Funds. Each fiscal year,the District Engineer prepares an
Engineer's Report which includes the budget for the GHADs for that year. The annual budget consists of
regular site monitoring, annual inspections, contract services for annual mitigation and repairs, and
administrative costs. The funds collected through special assessment are placed into a dedicated reserve
fund. The reserve fund is set aside to be used to mitigate and repair large, geologic hazards, such as
landsides in the respective Subdivisions.
47
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
D. Basis of Accounting
The government-wide and proprietary financial statements are reported using the economic resources
measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take
place.
Governmental funds are reported using the current financial resources measurement focus and the modified
accrual basis of accounting. Under this method, revenues are recognized when measurable and available.
The City considers all revenues reported in the governmental funds to be available if the revenues are
collected within sixty days after year-end. Expenditures are recorded when the related fund liability is
incurred, except for principal and interest on general long-term debt, claims and judgments, and
compensated absences, which are recognized as expenditures to the extent they have matured.
Governmental capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of
governmental long-term debt and acquisitions under capital leases are reported as other financing sources.
Those revenues susceptible to accrual at both the City-wide and Fund level are property,sales and franchise
taxes, current service charges, and interest revenue. Fines and licenses and permits are not susceptible to
accrual because they are not measurable until received in cash.
Non-exchange transactions, in which the City gives or receives value without directly receiving or giving
equal value in exchange,include taxes,grants,entitlements,and donations.On the accrual basis,revenue from
taxes is recognized in the fiscal year for which the taxes are levied or assessed. Revenues from grants,
entitlements, and donations are recognized in the fiscal year in which all eligibility requirements have been
satisfied.
Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the
terms of grant agreements, the City may fund certain programs with a combination of cost-reimbursement
grants,categorical block grants,and general revenues.
Certain indirect costs are included in program expenses reported 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 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
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 30,2015:
General Compensated
Leave Leave Total
Beginning Balance $945,174 $34,074 $979,248
Additions 828,558 5,144 833,702
Payments (834,936) (24,762) (859,698)
Ending Balance $938,796 $14,456 $953,252
Current Portion $657,157 $10,119 $667,276
49
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
H. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
costs in both government-wide and fund financial statements,using the consumption method. Prepaid costs in
governmental funds are equally offset with nonspendable fund balance to indicate they do not constitute
resources available for appropriation. Prepaids in governmental funds are treated using the consumption
method,where the prepaid expenditure is recognized in the period in which the service is provided or the item
is put into use.
L 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
In fiscal year 2014-2015,the City created the following new funds:
The Measure BB Sales Tax Streets and Roads Fund—to account for an Alameda County voter approved
increase in sales tax used for improvements on streets and roads.
The Measure BB Sales Tax Bike/Pedestrian Fund — to account for an Alameda County voter approved
increase in sales tax used for improvements on bike and pedestrian projects.
IL Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position or balance sheet report is a separate section for
deferred outflows of resources. This separate financial statement element, deferred outflows of resources,
represents a consumption of net position or fund balance that applies to a future period(s)and so will not be
recognized as an outflow of resources(expense expenditure)until then.
In addition to liabilities,the statement of financial position or balance sheet report is a separate section for
deferred inflows of resources. This separate financial statement element, deferred inflows of resources,
represents an acquisition of net position or fund balance that applies to a future period(s)and so will not be
recognized as an inflow of resources(revenue)until that time.
50
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(Continued) I
L. Implementation of Governmental Accounting Standards Board(GASB)Pronouncements
Management adopted the provisions of the following Governmental Accounting Standards Board(GASB)
Statements,which became effective during the year ended June 30,2015.
GASB Statement No. 68 — In June 2012, GASB issued Statement No. 68, Accounting and Financial
Reporting for Pensions — an amendment of GASB Statement No. 27. The primary objective of this
Statement is to improve accounting and fmancial 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. This Statement had a material impact on the City's fmancial statements. See Note 1M
below.
GASB Statement No. 69—In 2014, the GASB issued Statement No. 69, Government Combinations and
Disposals of Government Operation. This Statement requires disclosures to be made about government
combinations and disposals of government operations to enable financial statement users to evaluate the
nature and financial effects of those transactions. This Statement did not have a material impact on the
fmancial statements for the fiscal year 2015.
GASB Statement No. 71—In 2014,GASB issued Statement No. 71,Pension Transition for Contributions
Made Subsequent to the Measurement Date—an amendment of GASB Statement No. 68. The objective of
this Statement is to address an issue regarding application of the transition provisions of Statement No. 68,
Accounting and Financial Reporting for Pensions. The issue relates to amounts associated with
contributions, if any, made by a state or local government employer or non-employer contributing entity to
a defined benefit pension plan after the measurement date of the government's beginning net pension
liability. This Statement had a material impact on the City's financial statements. See Note 1M below.
M. Prior Period Adjustment
As a result of the implementation of GASB Statements 68 and 71, the City made an adjustment of
$9,577,216 to the beginning net position of its governmental activities.
NOTE 2—BUDGETS AND BUDGETARY ACCOUNTING I
The City follows these procedures in establishing the budgetary data reflected in the basic financial
statements:
> Prior to June 30 the City Manager submits to the City Council a proposed operating budget for the
fiscal year commencing the following July 1. The operating budget includes proposed expenditures
and the means of fmancing 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.
51
Ammoirmierresmor
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 2—BUDGETS AND BUDGETARY ACCOUNTING(Continued)I
• The City Manager is authorized to transfer budgeted amounts between line items, provided that the
transfer is within the same fund, regardless of the specific department activity. This include the
authority to transfer from the General Fund budgeted contingency amounts that are approved by the
City Council during the budget adoption. The City Manager is authorized to increase revenue and
expenditure budget for various departmental functions,when the net budget impact is zero.
> Formal budgetary integration is employed as a management control device during the year for the
general fund,special revenue funds and capital projects funds.
> Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent
with generally accepted accounting principles in the United States.
> The City Manager is authorized to increase the appropriations for the following fiscal year in an
amount not to exceed the amount of funds encumbered or designated by the City Manager as needed
for expenses that did not occur prior to the year-end,but are expected to be expended in the next year
consistent with the original purpose.
> As part of the annual Budget adoption the City Council authorizes Staff to carry-over unexpended
capital project appropriations, for those projects where work and expenditures will continue in the
subsequent year.
NOTE 3—CASH AND INVESTMENTS I
The City's dependence on property tax receipts, which are received semi-annually, requires it to maintain
significant cash reserves to finance operations during the remainder of the year. The City pools cash as
described under the policy section below.
A. Policies
California Law requires banks and savings and loan institutions to pledge government securities with a market
value of 110%of the City's cash on deposit,or first trust deed mortgage notes with a market value of 150%of
the deposit, as collateral for these deposits. Under California law, this collateral is held in a separate
investment pool by another institution in the City's name and places the City ahead of general creditors of the
institution.
The City pools cash from all sources and all funds,except certain specific investments within funds and cash
with fiscal agents, so that it can be invested at the maximum yield,consistent with safety and liquidity,while
individual funds can make expenditures at any time.
The City and its fiscal agents invest in individual investments and in investment pools. Individual investments
are evidenced by specific identifiable pieces of paper called security instruments, or by an electronic entry
registering the owner in the records of the institution issuing the security, called the book entry system.
Individual investments are generally made by the City's fiscal agents as required under its debt issues. In
order to maximize security, the City employs the Trust Department of a bank as the custodian of all City
managed investments,regardless of their form.
The City's investments are carried at fair value,as required by generally accepted accounting principles. The
City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it
includes the effects of these adjustments in income for that fiscal year.
52
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 3-CASH AND INVESTMENTS(Continued) I
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 $197,010,818
Fiduciary Funds(separate statement):
Cash and investments 3,851,091
Total cash and investments $200,861,909
Cash and investments as of June 30,2015,consist of the following:
Cash on hand $5,325
Deposits with financial institutions 1,158,398
Investments 199,698,186
Total cash and investments $200,861,909
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as
investments are not allocated to specific funds. Each of these funds' allocation of pooled cash and
investments is considered cash and cash equivalents.
C Investments Authorized by the California Government Code and the City's Investment Policy
The City's Investment Policy and the California Government Code allow the City to invest in the following,
provided the credit ratings of the issuers are acceptable to the City; and approved percentages and maturities
are not exceeded. The table below also identifies certain provisions of the California Government Code, or
the City's Investment Policy where the City's Investment Policy is more restrictive.
Minimum Maximum Maximum
Maximum Credit Percentage Investment
Authorized Investment Type Maturity Quality of Portfolio In One Issuer
Negotiable Certificates of Deposit 5 years A-1 30% 20%
Bankers'Acceptances 180 days A-1 40% 20%of Portfolio
U.S.Treasury Bills and Notes 5 years N/A No Limit No Limit
U.S.Government Agency Securities 5 years N/A 25%for callable 35%
California Asset Management Program N/A N/A No Limit No Limit
Commercial Paper 270 days A-1 25% 20%of Portfolio
Time Certificates of Deposit 1 year N/A 10% No Limit
State Local Agency Investment Fund N/A N/A 75% No Limit
Asset-Backed Securities N/A AA 20% 5%
Medium Term Notes 5 years A 30% 5%
Money Market Funds N/A AAA 20% No Limit
Municipal Securities 5 years A No Limit 0
53
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 3-CASH AND INVESTMENTS(Continued) I
D. Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Normally,the longer the maturity of an investment,the greater the sensitivity of its fair value
to changes in market interest rates. The City generally manages its interest rate risk by holding investments
to maturity.
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:
12 Months 13 to 24 25 to 60
Investment Type or less Months Months Total
Asset-Backed Securities $472,380 $7,043,089 $7,515,469
U.S.Treasury Notes $4,504,102 6,013,124 25,721,679 36,238,905
Medium-Term Notes 2,682,360 4,402,056 22,495,134 29,579,550
U.S.Government Agency Securities 14,043,368 16,999,892 27,369,221 58,412,481
Local Agency Investment Fund 46,014,928 46,014,928
California Asset Management Program 19,647,451 19,647,451
Money Market Funds 2,289,402 2,289,402
Total Investments $89,181,611 $27,887,452 $82,629,123 $199,698,186
The City is a participant in the Local Agency Investment Fund (LAN) 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 LAW at the fair value amount provided by LAW,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 30,2015,these investments
matured in an average of 239 days.
The City is a participant in the California Asset Management Program(CAMP). CAMP is an investment
pool offered by the California Asset Management Trust(the Trust). The Trust is a joint powers authority
and public agency created by the Declaration of Trust and established under the provisions of the California
Joint Exercise of Powers Act (California Government Code Sections 6500 et seq., or the "Act") for the
purpose of exercising the common power of its Participants to invest certain proceeds of debt issues and
surplus funds. The Pool's investments are limited to investments permitted by subdivisions (a) to (n),
inclusive,of Section 53601 of the California Government Code. The City reports its investments in CAMP
at the fair value amounts provided by CAMP,which is the same as the value of the pool share. At June 30,
2015, the fair value approximated is the City's cost. At June 30, 2015,these investments have an average
maturity of 32 days.
The City's investments include Asset-Backed Securities in the amount of $6,167,676 that are highly
sensitive to interest rate fluctuations to a greater degree than already indicated above.
54
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 3-CASH AND INVESTMENTS(Continued) I
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, 2015 were provided by Standard and Poor's investment
rating system except as noted. The Local Agency Investment Fund was not rated as of June 30,2015.
Investment Type AAA/AAAm AA+ AA AA- A+ A Total
Asset-Backed Securities $6,167,676 $6,167,676
U.S.Treasury Notes $36,238,905 36,238,905
Medium-Term Notes 2,682,360 3,242,558 $2,774,769 $4,690,022 $6,735,651 $9,454,190 29,579,550
U.S.Government Agency Securities 58,412,481 58,412,481
California Asset Management Program 19,647,451 19,647,451
Money Market Funds 2,289,402 2,289,402
Totals $30,786,889 $97,893,944 $2,774,769 $4,690,022 56,735,651 $9,454,190 152,335,465
Not rated
Asset-Backed Securities 1,347,793
State Local Agency Investment Fund 46,014,928
Total Investments $199,698,186
F Concentration of Credit Risk
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 US Government Agency Securities $17,991,427
Federal Home Loan Bank US Government Agency Securities 12,797,563
Federal Home Loan Mortgage Corporation US Government Agency Securities 16,003,871
Federal National Mortgage Association US Government Agency Securities 11,602,319
55
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 4-INTERFUND TRANSACTIONS I
A. Transfers Between Funds
Transfers between funds during the fiscal year ended June 30,2015 were as follows:
. Amount
Fund Making Transfer Fund Receiving Transfers Transferred
General Fund General Improvements Projects Capital Projects Fund $1,184,887
Community Improvements Projects Capital Projects Fund 68,190
Parks Projects Capital Projects Fund 140,017
Streets Projects Capital Projects Fund 184
1,393,278
Capital Projects Funds:
Public Facilities Impact Fees Fund Parks Projects Capital Projects Fund 4,305,724
Traffic Impact Fees Fund Streets Projects Capital Projects Fund 1,364,415
Dublin Crossing Contributions Fund Parks Projects Capital Projects Fund 69,026
5,739,165
Special Revenue Funds:
Non-Major Funds Streets Projects Capital Projects Fund 2,090,256
Parks Projects Capital Projects Fund 227,562
Affordable Housing Special Revenue Fund 5,300
2,323,118
Internal Service Funds:
Building Replacement Internal Service Fund General Improvements Projects Capital Projects Fund 361
Equipment Replacement Internal Service Fund General Improvements Projects Capital Projects Fund 43,247
Energy Efficiency Internal Service Fund General Improvements Projects Capital Projects Fund 12,999
Streets Projects Capital Projects Fund 113,288
169,895
$9,625,456
(A) To fund capital project expenditures
(B) To fund General Fund staffing/administrative costs for the project
(C) To fund Affordable Housing Fund staffing/administrative costs for the project
B. Current Interfund Balances
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 30,2015,the following funds have balances due to the General Fund:
Due to other funds
Public Facilities Impact Fees Capital Project Fund $2,439,428
Fire Impact Fees Capital Project Fund 13,878
Dublin Crossing Contribution Capital Project Fund 42,887
Non-Major Funds 861,090
Total $3,357,283
56
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 4-INTERFUND TRANSACTIONS(Continued) I
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 CaIPERS for the City's Side Fund Obligation.The Side Fund was created in 2005
when CaIPERS assigned agencies with less than 100 participants to a risk sharing pool. The City had an
unfunded liability at the time the City was assigned to the pool.As part of 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 30,2015:
Advances from other funds General Fund
Fire Impact Fees Capital Projects Fund $456,729
PERS Side Fund Internal Service Fund 918,005
Total $1,374,734
NOTE 5—NOTES RECEIVABLE I
The following table summarizes the notes receivable outstanding as of June 30,2015:
First Time Homebuyer Loan Program $1,798,384
Eden(Wicklow)Square Senior Affordable Housing 2,786,177
Eden(Emerald Vista)Construction Loan-Family Housing 3,351,901
Eden(Emerald Vista)Construction Loan-Senior Housing 1,696,169
Total $9,632,631
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, 2015 was $1,798,384.As
of June 30,2015,there were no loans in default.
57
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 5-NOTES RECEIVABLE(Continued) I
Details of the Revolving Home Loans as of June 30,2015 were as follows:
REPAYMENT OF
ORIGINAL LOAN ACCRUED PRINCIPAL AND
LOAN# LOAN DATE AMOUNT INTEREST INTEREST LOAN BALANCE
#07-01 2/16/2007 $39,915 $11,693 $51,608
#07-03 3/30/2007 60,039 17,346 77,385
#07-04 10/31/2007 50,000 13,420 63,420
#07-09 9/21/2007 26,036 7,145 33,181
#07-10 9/72007 49,536 13,595 63,131
#07-11 10/12/2007 38,141 10,310 48,451
#07-12 10/82007 33,051 9,682 42,733
#07-14 10/22007 19,610 5,318 24,928
#07-15 12/42007 24,536 6,505 31,041
#07-16 12282007 8,000 2,102 10,102
#07-18 2292008 24,170 6,204 30,374
#07-20 5/30/2008 19,175 4,755 23,930
#08-01 8/192008 25,377 6,105 31,482
#08-03 10/20/2008 33,750 7,916 41,666
#08-05 2/32009 22,619 5,080 27,699
#08-06 2/11/2009 55,404 12,373 67,777
#08-07 4/102009 27,425 5,975 33,400
#08-08 6/302009 39,576 8,315 47,891
#09-02 9292009 36,595 7,369 43,964
#10-02 1262011 40,000 6,202 46,202
#10-03 5/62011 26,700 3,881 30,581
#10-04 7/72011 30,000 3,130 ($33,130)
#11-01 12/9/2011 26,025 3,257 29,282
#11-02 10/142011 29,999 3,895 33,894
#11-03 11222011 30,839 3,892 34,731
#11-04 12282011 35,249 4,327 39,576
#11-05 1/13/2012 29,999 3,636 33,635
#11-06 1/132012 36,415 4,414 40,829
#11-07 1/192012 36,682 4,425 41,107
#11-08 1/31/2012 35,249 4,212 39,461
#11-09 2/15/2012 36,671 4,329 41,000
#11-10 4/32012 38,586 4,381 42,967
#11-11 6292012 29,999 2,730 (32,729)
#12-01 10/302012 29,999 2,802 32,801
#12-02 1/312013 40,000 3,379 43,379
#12-03 3/22/2013 36,749 2,928 39,677
#12-04 4/122013 36,749 2,854 39,603
#12-09 4/25/2013 36,749 2,809 39,558
#12-05 4262013 35,249 2,691 37,940
#12-07 5/15/2013 35,249 2,626 37,875
#12-08 5/102013 35,249 2,643 37,892
#12-06 6/12/2013 31,499 2,262 33,761
#13-01 7/312013 40,000 2,685 42,685
#13-02 8/302013 40,000 2,570 42,570
#13-03 1022013 40,000 2,443 42,443
#13-04 12/92013 40,000 2,183 42,183
#13-05 3/7/2014 36,888 1,701 38,589
TOTAL $1,609,748 $254,495 ($65,859) $1,798,384
58
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
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 30,2015 was$2,786,177.
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 fmal 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, 2015, the
outstanding amounts are$3,351,901 or the Family Project and$1,696,169 for the Senior Project.
I NOTE 6—CAPITAL ASSETS I
Capital assets,which include buildings,machinery and equipment, and infrastructure assets(roads,bridges,
curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and park improvements), are
reported in the Governmental Activities columns of the Government-Wide Financial Statements. Capital
assets are defined by the City as assets with an initial, individual cost of more than $5,000 for general
capital assets and $100,000 for infrastructure capital assets. Such assets are recorded at historical cost or
estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their
estimated fair market value on the date donated.
Capital assets are depreciated over their estimated useful lives using the straight-line method. This means
the cost of the asset is divided by its expected useful life in years and the result is charged to expense each
year until the asset is fully depreciated. The purpose of depreciation is to spread the cost of capital assets
over the useful life of these assets. The amount charged to depreciation expense each year represents that
year's pro rata share of the cost of capital assets.
59
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 6—CAPITAL ASSETS(Continued) I
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 20-3 8 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. Current Year Activities
Capital asset activity during the fiscal year were as follows:
Balance at Balance at
June 30,2014 Additions Retirements Transfers June 30,2015
Governmental activities
Capital assets not being depreciated:
Land $171,301,925
S171,301,925
Streets Right of Way 35,425,288 35,425,288
Construction in Progress 32,519,388 $7,793,505
($15,614,038) 24,698,855
Total capital assets not being depreciated 239,246,601 7,793,505 (15,614,038) 231,426,068
Capital assets being depreciated:
Infrastructure 383,700,250 3,091,815 386,792,065
Buildings and Improvements 70,721,237 ($20,880) 5,089,849 75,790,206
Vehicles and Equipment 8,354,971 1,211,134 (2,162,705) 7,432,374 14,835,774
Total capital assets being depreciated 462,776,458 1,211,134 (2,183,585) 15,614,038 477,418,045
Less accumulated depreciation for.
Infrastructure (211,931,670) (7,057,508)
(218,989,178)
Buildings and Improvements (32,361,838) (2,384,545) 20,880 (34,725,503)
Vehicles and Equipment (6,071,379) (625,707) 2,150,011 (4,547,075)
Total Accumulated Depreciation (250,364,887) (10,067,760) 2,170,891 (258,261,756)
Net governmental fund program
Capital assets being depreciated 212,411,571 (8,856,626) (12,694) 15,614,038 219,156,289
Governmental activity capital assets,net $451,658,172 ($1,063,121) ($12,694) $450,582,357
60
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 6—CAPITAL ASSETS(Continued) I
B. Project Commitments
At June 30,2015,the City had outstanding commitments with contractors for the following projects:
Project Commitment
Facility Construction $38,853
Facility Modification 290,240
Park Construction 25,296,631
Park Improvements 28,568
Street Improvements 557,007
Street Repair/Maintenance 140,886
Street Signal Improvements 23,487
Technology Upgrade 48,245
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 $958,451
Police 195,380
Fire 476,038
Public Works 5,543,928
Parks and Community Service 2,885,337
Community Development 8,626
Total depreciation expense $10,067,760
NOTE 7—LONG TERM DEBT I
A. Current Year Transactions and Balances
Balance at Balance at Due Within
July 1,2014 Retirements June 30,2015 One Year
GOVERNMENTAL ACTIVITY DEBT
2012 Chevron Energy Capital Lease $6,128,806 ($378,995) $5,749,811 $403,459
Total Governmental Activity Debt $6,128,806 ($378,995) $5,749,811 $403,459
61
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 7—LONG TERM DEBT(Continued) ,
B. 2012 Chevron Energy Capital Lease
On June 12, 2012, City entered into an Energy Services Performance Contract with Chevron Energy
Solutions to implement the recommended efficiency improvements in the City's ongoing efforts to reduce
energy consumption and develop long-term cost savings through increased energy efficiency. The total
project cost was estimated to be$7,430,976.City expects the full cost of improvements including interest
can be offset through estimated energy savings. The project was funded through a combination of Lease
Financing and Internal Service Fund reserves.
The total amount financed by the bank was approximately $6,755,824, with interest rate fixed at 2.56%
which occurred on October 1,2012.The first payment was made on September 28,2013.The financing is
a lease arrangement with Bank of America holding title to the improvements being installed. Once all
lease payments are made,improvements are fully owned by the City.
The payments will be made over a fourteen-year period. The amount of annual lease payments is
intended to produce consistent savings each year. Therefore, for payments in the initial years, when
certain rebates and incentives are received, the payments will be higher. The average annual lease
payment over the repayment period is estimated to be approximately $578,704 per year. The City
anticipates that energy savings and incentives are projected to fully offset these costs.
C Debt Service Requirements
Governmental Activities:Capital Lease
Year ending June 30 Principal Interest
2016 $403,459 $147,195
2017 429,110 136,867
2018 455,999 125,881
2019 396,728 114,208
2020 424,629 104,052
2021-2025 2,480,902 343,035
2026-2027 1,158,984 44,951
Total $5,749,811 $1,016,189
I NOTE 8—NET POSITION AND FUND BALANCES I
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.
62
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 8—NET POSITION AND FUND BALANCES(Continued) I
Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions
of agreements with outside parties, governmental regulations, laws, or other restrictions which the City
cannot unilaterally alter. These principally include developer fees received for use on capital projects and
debt service requirements.
Unrestricted describes the portion of Net Position which is not restricted to use.
B. Fund Balances
Governmental fund balances represent the net current assets of each fund. Net current assets generally
represent a fund's cash and receivables, less its liabilities.
The City's fund balances are classified based on spending constraints imposed on the use of resources.
For programs with multiple funding sources, the City prioritizes and expends funds in the following
order: Restricted, Committed, Assigned, and Unassigned. Each category in the following hierarchy is
ranked according to the degree of spending constraint:
Nonspendable represents balances set aside to indicate items do not represent available, spendable
resources even though they are a component of assets. Fund balances required to be maintained intact,
such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes
receivable, and long-term interfund loans are included. However, if proceeds realized from the sale or
collection of nonspendable assets are restricted, committed or assigned, then Nonspendable amounts are
required to be presented as a component of the applicable category.
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws,
regulations, or enabling legislation which requires the resources to be used only for a specific purpose.
Nonspendable amounts subject to restrictions are included along with spendable resources.
Committed fund balances have constraints imposed by resolution of the City Council which may be
altered only by formal action (resolution) of the City Council to establish, modify, or rescind a fund
balance commitment. The City Council commits fund balance through the adoption of a resolution prior
to the end of the fiscal year. Once adopted,the limitation imposed by the resolution remains in place until
similar action is taken to remove or revise the limitation. Only the highest level action (a resolution) can
be considered a commitment for fund balance classification purposes.
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 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"negative
fund balance represents $242,263 associated equivalent to the unrealized loss on investments and
$25,927,845 based on goals to accommodate general cash flow.
63
CITY OF DUBLIN
•
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 8—NET POSITION AND FUND BALANCES(Continued) I
Detailed classifications of the City's Fund Balances,as of June 30,2015,are stated below:
?Mar Feeds
Affordable Omni Community Public Facilities Fie Impact Tibia Dobai
Ommd Hamop lciptoemmt hRm mad Perim 9a46 impact Ft= Fora Fora Oasis Noo-I6tja
Fond Fad Pi' e p pt a pm a pemd Feed Fad Cmtnlomim Rods Total
Na.SpadWes
hyoid Bytom $27.010
Camatq Fodowmmt 68,008 87.010
li'Tu36M to Fes Food 470,606 60.000
m
LoarTaAdmantoPERSSd 918,005 {70.606
a deFee
unseal N4.B aW pead Pad Debate 918405
884
Dedaktrdtan
1,{73,691
Public Eddy Promos
Stmt Maktmaom and Cmacioctim $1938,122 .367.9 x
Hakh d WatOtuProgrm s,M7,844 s 435344
Hake.Pei Maklamta 300,000 . 435,8{{ 433,SN
Ragabo{Pmfm 300.000
Impact Fa Capital Projects 491,433 481,437
Capital Lepcemmn Projects 533.664,323 017,260,167 $9.974.090
Honig 813,607,857 2,991,194 2,991,194
13,607,837
Sub Teti Y46149ad)Lo4 Salami 304000 13,607,157 33,664,323 17,260,167 11,114,501 76,146,848
Caaalttd lei
Bommic&da ity 6,000,000
Dowaown Publclmp,uavomm 1,000,000 515,972 5854 84,967
1,021.743
ANadablaliaae8 1.000,000
Bmat id Ola Aquatic CmtaAddtrad Scope 3,000,000 1.x.099
Pawpaw Come mtdao 741,000 3.000.000
ol
Fie SIMMS OPBB 9,196,000 741,000
Iwm at sod dNaw Oppateeid. 1372,785 9.196,000
Mamma Folly 250,023 1,372,783
Historic Pick 8&ta[aRaoah 5,272,210 250.020
Civic Cora Remake 136,737 5,272,210
Shrum Qatar Poi*Lot 775,000 136,737
Ad to Pablo Facility Fee 6,004000 773,002
am
It CSy/SmoolPsojcb 46,013 6.000.000
Feu Spam Pak. 2,000,000 46,013
Storm Dail Captive 400.000 7,004000
One Time Imitative 1.341,409 400.009
1,341,409
Sub Med Committal Padlidam 38,531,179 15,922 834 4,967 31.337.922
Mdpedtar
Bapkcyea Accrual Leave 953,251
011.1.11C.17.115 866,562 95733011.1.11C.17.115
OP�� 1.133,753 133363
Naa.9seata OP Cammiavata 3,132,016 1.133.736
Civic Color Amanda. 1,962143 3,177.013
Comrttaimtolatmd Seek*Feed 2,004000 1,96214
CAWephitLon a m
aid 14608,113 2000.099
O
9avinCemNytiae 2,771,500 10,608,100
aety
Posies md Past BmplepmctBasaia 9,366,884 2771,904
Madly RapconliaAdjustmmt 325,000 9.86000
Meeidpd fissional Nook 2.230,000 325.000
7,250400
Matti Aniseed pad Dolma. 35,873,264
33,873,264
OaWped Pled J lma
Feed Balms Deficits
IIaaictaod..1newamteQou) 842,263) MOM 047pfi07) (68,93{) (369.090) (930.01)
Cob Flow Per City Policy 21,366,623 (366263)
21,566,627
21324.360 (21300) (474607) (68,934) (369.090) 20394,229
Tidal Tool Islam. 997,704494 513,602337 315.972 fW 84.967 (821,900) 533,664323 0470,607) 917,260,167 (968,934) 81474511 $1777,444
G 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, 2015 the cash flow reserves, which are part of the Unassigned
Fund Balance,were above the minimum at approximately 3.6 months,however they were below the desired
target of 4 months. Funds may be appropriated as to Undesignated Capital Contribution by designation
from City Council only for high priority one time capital expenditures provided the minimum fund balance
would remain.
64
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 8—NET POSITION AND FUND BALANCES(Continued) I
D. Fund Equity Deficits
The funds listed in the table below had fund balance deficits at June 30,2015. These deficits are expected
to be eliminated by future revenues.
Fund
Fund Deficit
Streets Projects Capital Projects Fund $21,500
Fire Impact Fees Capital Projects Fund 470,607
Dublin Crossing Contribution Capital Projects Fund 68,934
SAFETEA-LU Special Revenue Fund 368,511
Federal Transportation(TIGER)Special Revenue Fund 579
PERS Side Fund Internal Service Fund 918,005
Energy Efficiency Internal Service Fund 5,659,414
I NOTE 9—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.
I NOTE 10—PENSION PLANS I
A. General Information about the Pension Plans
Plan Descriptions—All qualified permanent and probationary employees are eligible to participate in the
City's Miscellaneous Employee Pension Plans, cost-sharing multiple employer defined benefit pension
plans administered by the California Public Employees' Retirement System (CaIPERS). Benefit
provisions under the Plans are established by State statute and City resolution. CaIPERS issues publicly
available reports that include a full description of the pension plans regarding benefit provisions,
assumptions and membership information that can be found on the CaIPERS website.
Benefits Provided— CaIPERS provides service retirement and disability benefits, annual cost of living
adjustments and death benefits to plan members, who must be public employees and beneficiaries.
Benefits are based on years of credited service,equal to one year of full time employment. Members with
five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members
are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the
following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death
Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees'
Retirement Law.
65
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 10—PENSION PLANS(Continued) I
The Plans'provisions and benefits in effect at June 30,2015,are summarized as follows:
Miscellaneous
Miscellaneous PEPRA
Prior to On or after
Hire date January 1,2013 January 1,2013
Benefit formula 2.0%or 2.7%@ 55 2%@ 62
Benefit vesting schedule 5 years service 5 years service
Benefit payments monthly for life monthly for life
Retirement age 55 62
Monthly benefits,as a%of eligible compensation 2%to 2.7% 2%
Required employee contribution rates 7.947% 6.308%
Required employer contribution rates 15.685% 6.250%
Contributions— Section 20814(c) of the California Public Employees' Retirement Law requires that the
employer contribution rates for all public employers be determined on an annual basis by the actuary and
shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both
Plans are determined annually on an actuarial basis as of June 30 by CaIPERS. The actuarially
determined rate is the estimated amount necessary to finance the costs of benefits earned by employees
during the year,with an additional amount to finance any unfunded accrued liability. The City is required
to contribute the difference between the actuarially determined rate and the contribution rate of
employees.
For the year ended June 30, 2015, the contributions recognized as part of pension expense for each Plan
were as follows:
Miscellaneous
Miscellaneous PEPRA
Contributions-employer $1,108,919 $22,621
B. Pension Liabilities,Pension Expenses and Deferred Outflows/Inflows of Resources Related to
Pensions
As of June 30,2015,the City reported net pension liabilities for its proportionate shares of the net pension
liability of each Plan as follows:
Proportionate Share
of Net Pension Liability
Miscellaneous $7,835,901
Miscellaneous PEPRA 1,535
Total Net Pension liability $7,837,436
66
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 10—PENSION PLANS(Continued)
The City's net pension liability for each Plan is measured as the proportionate share of the net pension
liability. The net pension liability of each of the Plans is measured as of June 30, 2014, and the total
pension liability for each Plan used to calculate the net pension liability was determined by an actuarial
valuation as of June 30, 2013 rolled forward to June 30, 2014 using standard update procedures. The
City's proportion of the net pension liability was based on a projection of the City's long-term share of
contributions to the pension plans relative to the projected contributions of all participating employers,
actuarially determined. The City's proportionate share of the net pension liability for each Plan as of June
30,2013 and 2014 was as follows:
Miscellaneous
Miscellaneous PEPRA
Proportion-June 30,2013 0.32675% 0.00006%
Proportion-June 30,2014 0.31705% 0.00006%
Change-Increase(Decrease) -0.01% 0.00%
For the year ended June 30,2015,the City recognized a negative pension expense of$162,147. At June
30, 2015, the City reported deferred outflows of resources and deferred inflows of resources related to
pensions from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $1,063,191
Differences between actual and expected experience
Changes in assumptions
Change in employer's proportion and differences between
the employer's contributions and the employer's
proportionate share of contributions 4,668 ($11,750)
Net differences between projected and actual earnings
on plan investments (2,633,742)
Total $1,067,859 ($2,645,492)
The $1,063,191 reported as deferred outflows of resources related to contributions subsequent to the
measurement date will be recognized as a reduction of the net pension liability in the year ended June 30,
2016. Other amounts reported as deferred outflows of resources and deferred inflows of resources related
to pensions will be recognized as pension expense as follows:
Year Ended Increase(Decrease)
June 30 in Pension Expense
2016 ($660,966)
2017 (660,966)
2018 (660,458)
2019 (658,434)
67
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 10—PENSION PLANS(Continued) I
Actuarial Assumptions — The total pension liabilities in the June 30, 2013 actuarial valuations were
determined using the following actuarial assumptions for both the Miscellaneous and Miscellaneous
PEPRA plans:
Valuation Date June 30,2013
Measurement Date June 30,2014
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:
Discount Rate 7.50%
Inflation 2.75%
Payroll Growth 3.0%
Projected Salary Increase Varies by Entry Age and Service
Investment Rate of Return 7.50%(1)
Mortality Derived using CaIPERS'Membership Data for all Funds
(2)
(1) Net of pension plan investment expenses,including inflation
(2)The mortality table used was developed based on CaIPERS'specific data. The table includes 20 years
of mortality improvements using Society of Actuaries Scale BB. For more details on this table,please
refer to the 2014 experience study report.
The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2013
valuation were based on the results of a January 2014 actuarial experience study for the period 1997 to
2011. Further details of the Experience Study can found on the CaIPERS website.
Discount Rate—The discount rate used to measure the total pension liability was 7.50% for each Plan.
To determine whether the municipal bond rate should be used in the calculation of a discount rate for each
plan, CaIPERS stress tested plans that would most likely result in a discount rate that would be different
from the actuarially assumed discount rate.Based on the testing,none of the tested plans run out of assets.
Therefore, the current 7.50 percent discount rate is adequate and the use of the municipal bond rate
calculation is not necessary. The long term expected discount rate of 7.50 percent will be applied to all
plans in the Public Employees Retirement Fund(PERF).The stress test results are presented in a detailed
report that can be obtained from the CaIPERS website.
According to Paragraph 30 of Statement 68, the long-term discount rate should be determined without
reduction for pension plan administrative expense.The 7.50 percent investment return assumption used in
this accounting valuation is net of administrative expenses. Administrative expenses are assumed to be
15 basis points. An investment return excluding administrative expenses would have been 7.65 percent.
Using this lower discount rate has resulted in a slightly higher Total Pension Liability and Net Pension
Liability. CaIPERS checked the materiality threshold for the difference in calculation and did not find it
to be a material difference.
CaIPERS is scheduled to review all actuarial assumptions as part of its regular Asset Liability
Management (ALM) review cycle that is scheduled to be completed in February 2018. Any changes to
the discount rate will require Board action and proper stakeholder outreach. For these reasons, CaIPERS
expects to continue using a discount rate net of administrative expenses for GASB 67 and 68 calculations
through at least the 2017-18 fiscal year. CaIPERS will continue to check the materiality of the difference
in calculation until such time as we have changed our methodology.
68
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 10—PENSION PLANS(Continued) I
The long-term expected rate of return on pension plan investments was determined using a building-block
method in which best-estimate ranges of expected future real rates of return (expected returns, net of
pension plan investment expense and inflation)are developed for each major asset class.
In determining the long-term expected rate of return, CaIPERS took into account both short-term and
long-term market return expectations as well as the expected pension fund cash flows. Using historical
returns of all the funds' asset classes, expected compound returns were calculated over the short-term
(first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected
nominal returns for both short-term and long-term, the present value of benefits was calculated for each
fund.The expected rate of return was set by calculating the single equivalent expected return that arrived
at the same present value of benefits for cash flows as the one calculated using both short-term and long-
term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated
above and rounded down to the nearest one quarter of one percent.
The table below reflects the long-term expected real rate of return by asset class. The rate of return was
calculated using the capital market assumptions applied to determine the discount rate and asset
allocation.These rates of return are net of administrative expenses.
New
Strategic Real Return Real Return
Asset Class Allocation Years 1- 10(a) Years 11+(b)
Global Equity 47.0% 5.25% 5.71%
Global Fixed Income 19.0% 0.99% 2.43%
Inflation Sensitive 6.0% 0.45% 3.36%
Private Equity 12.0% 6.83% 6.95%
Real Estate 11.0% 4.50% 5.13%
Infrastructure and Forestland 3.0% 4.50% 5.09%
Liquidity 2.0% -0.55% -1.05%
Total 100%
(a) An expected inflation of 2.5%used for these periods.
(b) An expected inflation of 3.0%used for these periods.
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate—
The following presents the City's proportionate share of the net pension liability for each Plan,calculated
using the discount rate for each Plan, as well as what the City's proportionate share of the net pension
liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-
percentage point higher than the current rate:
Miscellaneous
Miscellaneous PEPRA
1%Decrease 6.50% 6.50%
Net Pension Liability $13,961,153 $2,735
Current Discount Rate 7.50% 7.50%
Net Pension Liability $7,835,901 $1,535
1%Increase 8.50% 8.50%
Net Pension Liability $2,752,524 $539
69
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 10—PENSION PLANS(Continued) I
Pension Plan Fiduciary Net Position — Detailed information about each pension plan's fiduciary net
position is available in the separately issued CaIPERS financial reports.
I NOTE 11—OTHER POST EMPLOYMENT BENEFITS I
The City provides certain health care benefits for retirees, as required under a contract signed with PERS.
All former employees who retire with the City under PERS are eligible for these benefits.
GASB 45 requires public agencies to estimate their Other Post Employment Benefits (OPEBs) and
account for the future liability. Rather than use the "pay as you go" system and 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 (Ca1PERS) 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 CaIPERS 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 (CaIPERS). The
plan provides medical insurance benefits to eligible retirees and their eligible dependents in accordance
with Public Employee Retirement Law(Article 2). The Public Employees Retirement System Board of
Administration has the responsibility to approve health benefit plans and may contract with carriers
offering health benefit plans. The Board of Administration is responsible for adopting all rules and
regulations, including the scope and content of basic health plans. The California Government Code also
defines certain rules for contract agencies, such as the City of Dublin, to purchase health insurance
benefits.
Funding Policy - There is no requirement imposed by CaIPERS, 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 CaIPERS 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
CaIPERS 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, 2013
Actuarial Study completed by Bartel and Associates, LLC in accordance with GASB Statement 45,
Accounting and Financial Reporting for Postemployment Benefits Other than Pensions.
70
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 11—OTHER POST EMPLOYMENT BENEFITS(Continued) I
During fiscal year 2006-2007, the City made arrangements with CaIPERS 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 $1,350,000
Annual OPEB expense 1,350,000
Contributions made (1,309,464)
Decrease(increase)in net OPEB asset 40,536
Net OPEB asset-beginning of year 35,889
Net OPEB(obligation)-end of year ($4,647)
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 2014-15,and the preceding years were as follows:
Fiscal Annual Annual OPEB Net OPEB
Year Ended OPEB Cost Cost Contributed Asset(Obligation)
6/30/2013 $1,181,000 102% $17,717
6/30/2014 1,306,000 101% 35,889
6/30/2015 1,350,000 97% (4,647)
Funded Status and Funding Progress -As of June 30, 2013,the most recent actuarial valuation date,the
plan was 64.6% funded. The Actuarial Accrued Liability (AAL) for benefits was $14,823,000 and the
Actuarial Value of Plan Asset was $9,574,000 resulting in an Unfunded Actuarial Accrued Liability
(UAAL) of$5,249,000. The covered payroll (annual payroll of active employees covered by the plan)
was$8,972,000 and the ratio of UAAL to the covered payroll was 58.5 percent.
Annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB
obligation for 2015 were as follows:
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) (13) (B-A) (A/B) (C) [B-AYCI
6/30/2013 $9,574,000 $14,823,000 $5,249,000 64.59% $8,972,000 58.5%
71
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 11—OTHER POST EMPLOYMENT BENEFITS(Continued)
Actuarial valuations for OPEB plans involves estimates of the value of the reported amounts and
assumptions about the probability of events far into the future. These actuarially determined amounts are
subject to continual revisions as actual results are compared to past expectation and new estimates are
made about the future. The schedule of funding progress presented immediately following the financial
statements as required supplementary information, presents multi-year trend information about whether
the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued
liability for benefits.
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 30,2013 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 15 year basis, as a level percent of payroll with a remaining
amortization period at June 30,2014 of 15 years.
GASB 45 requires the interest rate to represent the underlying expected return for the source of funds
used to pay benefits. The actuarial methods and assumptions included 6.75 percent interest rate,
representing the long term expected rate of return on the CaIPERS 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 CaIPERS 1997-2007 Experience Study. Retirement assumption was also based
on CaIPERS 1997-2007 Experience Study of the Miscellaneous Plan 2.7% at 55 years, with expected
retirement age of approximate 58 for both females and males.
The health care cost trend rate is the rate of change in per capita health claims costs over time as a result
of factors such as medical inflation, utilization of healthcare services, plan design, and technological
developments.
The following table includes the annual healthcare cost trend rate used in the Actuarial Valuation:
Year Non-Medicare Medicare
HMO&PPO HMO&PPO
2013 Actual Premiums Actual Premiums
2014 Actual Premiums Actual Premiums
2015 8.0% 8.3%
2016 8.0% 8.3%
2017 8.0% 8.3%
2021+ 5.0% 5.0%
72
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 11—OTHER POST EMPLOYMENT BENEFITS(Continued) I
B. Dougherty Regional Fire Authority Health Plan
Dougherty Regional Fire Authority Background- In 1988, the cities of Dublin and San Ramon formed
Dougherty Regional Fire Authority (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 fmancial 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.
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 2014-2015, the City contributed $43,253 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.
73
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
I NOTE 11—OTHER POST EMPLOYMENT BENEFITS(Continued)
The following table shows the components of the City of Dublin's share of DRFA annual OPEB cost for
the year,the amount actually contributed to the plan and changes in the Dublin Share of DRFA net OPEB
and the City of Dublin share of the obligation to DRFA Retiree Health Plan:
Annual required contribution $71,294
Interest on net OPEB obligation 11,389
Adjustment to annual required contribution (28,830)
Annual OPEB expense 53,853
Contributions made (41,950)
Increase(decrease)in net OPEB obligation 11,903
Net OPEB(asset)-beginning of year 303,366
Net OPEB(asset)-end of year $315,269
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 2014-2015 and the two previous years
were as follows:
Fiscal Annual Annual OPEB OPEB
Year Ended OPEB Cost Cost Contributed Obligation
6/30/2013 $59,273 77.08% $290,299
6/30/2014 53,295 75.48% 303,366
6/30/2015 53,853 80.32% 315,269
Funded Status and Funding Progress -As of June 30,2013,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 $762,433. 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 GASB45,
which allows for certain simplifying modifications to the selection of assumptions for purposes of
measuring the ARC (Annual Required Contribution) and the plan's actuarial accrued liabilities and
funded status. In the June 30, 2013 actuarial valuation prepared by Bartel and Associates, 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 4.0% investment rate of return
(net of administrative expenses), calculated based on the funded level of the plan at the valuation date.
The expected rate of increase in healthcare insurance premiums is based on projections of the Ca1PERS
1997-2011 Experience Study. The increases are as follows:
74
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 11—OTHER POST EMPLOYMENT BENEFITS(Continued)
Year Non-Medicare Medicare
HMO&PPO HMO&PPO
2013 Actual Premiums Actual Premiums
2014 Actual Premiums Actual Premiums
2015 8.0% 8.3%
2016 7.5% 7.8%
2017 7.0% 7.2%
2021+ 5.0% 5.0%
The Actuarial Accrued Liability (AAL) is the cumulative value, on the valuation date, of prior Normal
Costs. For retirees,the AAL is the present value of all projected benefits. Although GASB45 allows an
amortization period not to exceed 30 years, due to the closed status of the plan, the unfunded AAL is
amortized over 15 years as a level of dollar amount.
NOTE 12-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 and $15 million each to provide total coverage of claims up to $30 million per
occurrence. The City has a deductible of$50,000 per occurrence. ABAG PLAN also provides$1 million
of employee bonds(theft coverage)in excess of a$5,000 deductible.
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.
75
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 12 - HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
(Continued)
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 30,2015,
the City paid Cities Group$6,327 in premiums. At June 30,2015,the City of Dublin's share of equity in
the Cities group amounted to$17,622.
Financial Statements may be obtained from the Cities Group,PO Box 111,Burlingame,CA 94011-0111.
C. Liability for Uninsured Claims
The GASB requires municipalities to record their liability for uninsured claims and reflect the current
portion of this liability as expenditures in their financial statements. As discussed above, the City has
coverage for such claims, but it has retained the risk for the deductible or the uninsured portion of these
claims in the ABAG PLAN and the Cities Group plans. GASB Statement No. 10, "Financial Reporting
for Risk Financing and Related Insurance Issues" require that this amount be separately identified and
recorded as a liability.
The City's liability for uninsured claims, limited to general liability and workers compensation claims as
discussed above, includes a provision for incurred but not reported (IBNR) losses. This amount was
estimated based on claims experience. The reserve recorded,$154,500,is adequate to cover 3.09%IBNR
claims. Therefore no adjustment was made in fiscal year 2014-2015 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 30,2015.
NOTE 13—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.
76
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
•
NOTE 13—JOINT POWERS AGREEMENTS(Continued)
A. Animal Control Services
The Cities of Dublin,Pleasanton, and Livermore and the County of Alameda have entered a joint powers
agreement, dated September 15, 1992, under which Alameda County constructed an animal shelter
facility on County's property. The agreement provided that the County would retain ownership of the
land and that each participating agencies would receive an equity interest in the facility. Certificates of
Participation were issued to construct the facility. Under the agreement the entities will share in the debt
service costs of the project based upon their use of the animal shelter.
The original total principal portion of the scheduled debt is $4,523,877. The City's share for the annual
debt service requirements are based upon the statistics of live animals handled in the shelter.In fiscal year
2014-2015 the City contributed $35,536 of the total annual debt service payment. In addition, the City
contributed $143,284 or 13.51% toward the annual operating shelter services and $68,817 representing
8.22%of the animal field service expenditures.
The City has not recorded an equity interest for the animal shelter agreement.As noted above the ongoing
fmancial interest is limited to the statistics of live animals handled in the appropriate fiscal year.No Joint
Powers Authority was established as part of this agreement therefore, separate fmancial statements are not
issued.
B. Associated Community Action Program(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
WA 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 2014-2015 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 2014-2015,the ACAP Board of Directors determined that no contributions
would be made by member agencies, unless additional close-out funds are needed. The City will incur a
pro-rata share of the on-going costs.
77
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 13—JOINT POWERS AGREEMENTS(Continued)
Unaudited condensed financial information as of June 30,2015 for ACAP is presented below:
Total assets $237,984
Total liabilities 888,861
Total net assets (650,877)
Total revenues (601)
Total expenses 52,361
Increase(decrease)net position (52,962)
NOTE 14—OTHER COMMITMENTS AND CONTINGENT LIABILITIES I
The City participates in several Federal and State grant programs. These programs have been audited by the
City's independent accountants in accordance with the provisions of the Federal Single Audit Act and
applicable State requirements. No cost disallowances were proposed as a result of these audits. However,
these programs are still subject to further examination by the grantors and the amount, if any, of
expenditures which may be disallowed by the granting agencies cannot be determined at this time. The City
expects such amounts,if any,to be immaterial.
The City is a defendant in a number of lawsuits that have arisen in the normal course of business, the
outcome of which cannot be predicted with certainty. In the opinion of the City Attorney, these actions
when 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, 2015, was
$3,672,837 which is net of the $334,476 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, 2015, the balance was $189,259 which includes accrued interest. 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.
78
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30,2015
NOTE 14—OTHER COMMITMENTS AND CONTINGENT LIABILITIES(Continued)
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 30,2015 was$106,682,565. The addition
of$2,047,118 to the credit balance was mainly due to value appreciation by converting parkland acreage
to a dollar value,and credit used for the fiscal years was$12,659,644.
79
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REQUIRED SUPPLEMENTAL INFORMATION
City of Dublin
Cost-Sharing Multiple-Employer Defined Pension Plan-Miscellaneous Plans
As of June 30,2015
Schedule of the Plan's Proportionate Share of
the Net Pension Liability
and Related Ratios as of the Measurement Date
Last 10 Years*
2015
Miscellaneous Miscellaneous PEPRA
6/30/2014 6/30/2014
Plan's proportion of the Net Pension Liability(Asset) 0.12593% 0.00002%
Plan's proportion share of the Net Pension Liability(Asset) $7,835,901 . $1,535.
Plan's Covered Employee Payroll $8,425,970 $290,948
Plan's Proportionate Share of the Net Pension
Liability/(Asset)as a Percentage of its Covered-Employee
Payroll 93.00% 0.53%
Plan's Proportionate Share of the Fiduciary Net Position as
a Percentage of the Plan's Total Pension Liability 83.03% 83.03%
Plan's Proportionate Share of Aggregate Employer
Contributions $1,036,660 $203
*-Fiscal year 2015 was the 1st year of implementation,therefore only one year is shown.
82
City of Dublin
Cost-Sharing Multiple Employer Defined Pension Plan-Miscellaneous Plans
For the Fiscal Year Ended June 30,2015
Schedule of Contributions
Last 10 Years*
2015
Miscellaneous Miscellaneous PEPRA
Fiscal Year 2014-2015 Fiscal Year 2014-2015
Actuarially determined contribution $1,411,959 $19,063
Contributions in relation to the actuarially
determined contributions (1,411,959) (19,063)
Contribution deficiency(excess) $0 $0
Covered-employee payroll $8,180,553 $282,474
Contributions as a percentage of covered-
employee payroll 17.26% 6.75%
Notes to Schedule
Valuation date: 6/30/2013 6/30/2013
Methods and assumptions used to determine contribution rates:
Actuarial cost method Entry age
Amortization method Level percentage of payroll,closed
Remaining amortization period 30 years
Asset valuation method 5-year smoothed market
Inflation 2.75%
Salary increases Varies by Entry Age and Service
Investment rate of return 7.5%Net of Pens ion Plan
Investment and
Administrative Expenses;
includes Inflation
Retirement age 50 Safety,57 yrs.Safety PEPRA
Mortality Derived using CaIPERS Membership Data for all Funds
*-Fiscal year 2015 was the 1st year of implementation,therefore only one year is shown.
83
City of Dublin
Other Post-Employment Retirement Benefits
For the Fiscal Year Ended June 30,2015
Schedule of Funding Progress
Underfunded
Entry Age (Overfunded)
Actuarial Actuarial Actuarial UAAL as a
Actuarial Value of Accrued Accrued Funded Covered Percentage of
Valuation Assets Liability Liability y Ratio Payroll Covered Payroll
Date (A) (B) (B-A) (A/B) (C) [(B-AYC7
6/30/2004 SO $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%
6/30/2013 9,574,000 14,823,000 5,249,000 64.59% 8,972,000 58.5%
84
SUPPLEMENTARY INFORMATION
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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.
The Dublin Crossing Contribution Capital Projects Fund—accounts for community benefit payments
specific to the Dublin Crossings Project, separate from any developer impact fees generated by the
project.
87
A ,
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
Property taxes:
Current year secured $19,738,751 $23,130,981 S22,292,207 (S838,774)
Current year unsecured 1,193,100 1,193,100 1,353,039 159,939
Supplemental property tax 455,818 455,818 773,560 317,742
Prior year secured 387,000 387,000 381,222 (5,778)
Prior year unsecured 5,125 5,125 31,421 26,296
Property tax penalties 88,048 88,048 74,715 (13,333)
In lieu property tax 4,030,439 4,030,439 4,531,787 501,348
Sub-total 25,898,281 29,290,511 29,437,951 147,440
Taxes other than property:
Sales and use tax 12,863,200 13,584,778 13,811,369 226,591
In lieu sales tax 4,823,496 4,776,438 4,759,687 (16,751)
Real property transfer tax 475,000 715,000 1,104,428 389,428
Hotel transient occupancy tax 950,000 950,000 1,319,409 369,409
Franchise taxes 3,388,800 3,388,800 3,735,817 347,017
Sub-total 22,500,496 23,415,016 24,730,710 1,315,694
Licenses and permits:
Animal licenses 7,000 7,000 5,817 (1,183)
Building permits 3,379,111 4,739,686 5,448,086 708,400
Business license 139,932 139,932 159,815 19,883
Construction and demolition permits 124,654 124,654 131,868 7,214
Encroachment permits 57,000 57,000 125,073 68,073
Fire permits 96,196 96,196 93,859 (2,337)
Grading permits 2,652 2,652 3,432 780
Planning permits 52,740 52,740 49,157 (3,583)
Miscellaneous permits 5,692 5,692 8,578 2,886
Sub-total 3,864,977 5,225,552 6,025,685 800,133
Fines and forfeitures:
Parking citations 72,430 72,430 73,483 1,053
Business license penalties 2,250 2,250 3,758 1,508
Other court fines 63,580 63,580 47,288 (16,292)
Sub-total 138,260 138,260 124,529 (13,731)
88
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30,2015(Continued)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
Revenue from use of money and property:
Interest $368,581 $368,581 $602,111 $233,530
Internal designated 5,186 5,186
Change in fair market value of investments (57,033) (57,033)
Rent and concession
Field and court rentals 193,550 193,550 227,096 33,546
Facility rentals 305,910 305,910 340,482 34,572
Leased property 516,577 516,577 434,004 (82,573)
Sub-total 1,384,618 1,384,618 1,551,846 167,228
Intergovernmental revenues:
Motor vehicle in-lieu 21,909 21,909
Mandated costs 10,000 10,000 254,961 244,961
Homeowner's property tax relief 183,620 183,620 206,430 22,810
Sub-total 193,620 193,620 483,300 289,680
Charges for services:
General government
Building use insurance 16,000 16,000 23,297 7,297
Sale of maps and documents 3,700 3,700 712 (2,988)
Public safety
Police charges for services 56,720 56,720 50,447 (6,273)
Fire charges for services 256,090 408,350 617,760 209,410
Santa Rita fire services 570,000 345,000 1,026,809 681,809
Waste management
Waste management admin fees 715,000 715,000 796,288 81,288
Environmental Programs
EV Charges 1,712 1,712
Parks and community services
Aquatics programs 176,170 176,170 191,104 14,934
Cemetery 1,150 1,150 920 (230)
Cultural arts 133,140 133,140 180,474 47,334
Family programs 515,767 515,767 698,641 182,874
Heritage Center 10,740 10,740 19,013 8,273
Preschool programs 446,700 446,700 412,639 (34,061)
Recreational activities 385,607 459,024 524,801 65,777
Senior programs 81,150 81,150 101,778 20,628
Sports programs 529,197 778,697 879,589 100,892
Community Development
Engineering plan checking 2,250,373 2,840,373 2,848,471 8,098
Local share permit surcharge-SMIP 2,799 2,799 2,918 119
Building plan checking 500 500 454 (46)
Local share permit surcharge-Zone 7 drainage fees 9,900 9,900 19,881 9,981
Zoning and subdivision fees 979,104 1,437,024 1,940,845 503,821
Sub-total 7,139,807 8,437,904 10,338,553 1,900,649
89
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30,2015(Continued)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
Other revenues:
Contributions $100,250 $104,250 $114,320 $10,070
Sales of property 285 285
Miscellaneous 101,791 107,491 126,296 18,805
Rem-general 133,461 133,461 181,186 47,725
Reimbursement-public damage 22,502 22,502 19,699 (2,803)
Reimbursement-Community benefit assessment 2,426,174 2,776,174 2,964,899 188,725
Sub-total 2,784,178 3,143,878 3,406,685 262,807
Total Revenue by Sources $63,904,237 $71,229,359 $76,099,259 $4,869,900
90
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CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
General government
City Council $463,391 $505,391 $364,521 $140,870
City Manager 1,006,558 1,089,174 1,092,679 (3,505)
City Clerk 357,895 365,093 335,081 30,012
Election 95,520 95,520 57,858 37,662
Human resources 580,230 591,957 576,334 15,623
Insurance 436,360 474,860 374,292 100,568
City attorney 777,810 852,810 499,536 353,274
Finance 1,391,034 1,472,519 1,267,946 204,573
Information systems 938,557 940,957 903,839 37,118
Non departmental ISF 781,880 4,213,478 375,240 3,838,238
Disaster preparedness 94,110 96,100 92,072 4,028
Crossing guards 121,929 121,929 121,510 419
Animal control 268,893 291,790 247,637 44,153
Waste management 264,497 268,265 258,641 9,624
Community TV 109,150 109,150 106,284 2,866
Sub-total 7,687,814 11,488,993 6,673,470 4,815,523
Police
Police admin/support services 2,355,037 2,355,037 1,689,322 665,715
Patrol 6,843,578 6,843,578 6,903,869 (60,291)
Traffic 944,790 944,790 977,052 (32,262)
Investigations 1,889,580 1,889,580 2,071,000 (181,420)
Crime prevention/school resource services 1,170,820 1,170,820 1,286,532 (115,712)
Communications/dispatch 1,113,608 1,113,609 946,029 167,580
Neighborhood resources 441,714 441,714 187,500 254,214
Police operations support 1,539,879 1,550,169 1,364,262 185,907
Sub-total 16,299,006 16,309,297 15,425,566 883,731
Fire
Administration 11,319,704 11,319,704 11,081,102 238,602
Fire prevention 307,884 307,884 271,244 36,640
Operations 61,000 61,000 43,253 17,747
Fire station maintenance 239,569 239,569 204,172 35,397
Sub-total 11,928,157 11,928,157 11,599,771 328,386
Public works
Building management 1,001,419 1,008,419 1,070,146 (61,727)
Public Safety Complex 80,142 80,142 65,502 14,640
Traffic signals 10,500 10,500 10,500
Street lighting 14,101 14,101 13,555 546
Public works administration 981,388 1,011,826 975,797 36,029
Street maintenance 141,218 141,218 102,681 38,537
Street sweeping 129,879 129,879 115,084 14,795
Street landscaping 1,161,071 1,182,286 1,023,631 158,655
Street tree maintenance 133,539 133,539 118,033 15,506
Environmental services 211,847 220,499 213,513 6,986
Engineering 2,398,273 3,118,526 3,094,229 24,297
Sub-total 6,263,377 7,050,935 6,802,671 248,264
92
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30,2015(Continued)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
Parks and Community Services
Library services 803,754 803,754 779,030 24,724
Paric maintenance 3,152,965 3,226,201 2,701,089 525,112
Historic facility operations and rentals 289,275 321,127 218,495 102,632
Heritage center programs 374,131 374,131 286,236 87,895
Community events and festivals 552,435 552,435 568,679 (16,244)
Facility operations and rentals 1,321,031 1,350,752 1,136,150 214,602
Parks and community services administration 721,518 738,531 640,757 97,774
Family programs 531,436 531,436 525,319 6,117
Recreational activities 535,109 579,159 540,745 38,414
Preschool programs 293,711 293,711 283,431 10,280
Senior programs 480,695 493,825 473,081 20,744
Sports programs 597,106 746,806 711,926 34,880
Aquatic programs 416,502 416,502 361,584 54,918
Parks/facilities development 497,056 528,284 394,711 133,573
Sub-total 10,566,724 10,956,654 9,621,233 1,335,421
Economic development
Economic development 627,996 781,948 533,779 248,169
Public information 399,728 383,728 274,493 109,235
Sub-total 1,027,724 1,165,676 808,272 357,404
Community development
Human services 274,510 274,510 195,783 78,727
Housing programs 96,802 98,478 99,685 (1,207)
Planning 2,272,771 2,664,004 2,522,541 141,463
Building and safety 2,780,897 3,159,674 2,828,257 331,417
Sub-total 5,424,980 6,196,666 5,646,266 550,400
Total Expenditures $58,170,058 $65,096,378 $56,577,249 $8,519,129
93
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
General improvements $62,177 $4,450,479 $1,241,494 $3,208,985
Total Expenditures 62,177 4,450,479 1,241,494 3,208,985
REVENUES OVER(UNDER)EXPENDITURES (62,177) (4,450,479) (1,241,494) 3,208,985
OTHER FINANCING SOURCES(USES)
Transfers in 4,450,478 1,241,494 (3,208,984)
Total Other Financing Sources(Uses) 4,450,478 1,241,494 (3,208,984)
NET CHANGE IN FUND BALANCE ($62,177) ($Q $1
BEGINNING FUND BALANCE 15,922
ENDING FUND BALANCE $15,922
94
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
Community improvements $326,037 $446,589 $68,190 $378,399
Total Expenditures 326,037 446,589 68,190 378,399
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES (326,037) (446,589) (68,190) 378,399
OTHER FINANCING SOURCES(USES)
Transfers in 326,037 446,589 68,190 (378,399)
Total Other Financing Sources(Uses) 326,037 446,589 68,190 (378,399)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE 854
ENDING FUND BALANCE $854
95
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
Parks $25,657,572 $41,188,692 $4,742,328 $36,446,364
Total Expenditures 25,657,572 41,188,692 4,742,328 36,446,364
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES (25,657,572) (41,188,692) (4,742,328) 36,446,364
OTHER FINANCING SOURCES(USES)
Transfers in 25,657,572 41,188,692 4,742,329 (36,446,363)
Total Other Financing Sources(Uses) 25,657,572 41,188,692 4,742,329 (36,446,363)
NET CHANGE IN FUND BALANCE 1 $1
BEGINNING FUND BALANCE 4,966
ENDING FUND BALANCE $4,967
96
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
Streets $7,273,436 $16,067,761 $3,568,142 $12,499,619
Total Expenditures 7,273,436 16,067,761 3,568,142 12,499,619
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES (7,273,436) (16,067,761) (3,568,142) 12,499,619
OTHER FINANCING SOURCES(USES)
Transfers in 7,273,436 16,067,761 3,568,143 (12,499,618)
Total Other Financing Sources(Uses) 7,273,436 16,067,761 3,568,143 (12,499,618)
NET CHANGE IN FUND BALANCE 1 $1
BEGINNING FUND BALANCE(DEFICIT) (21,501)
ENDING FUND BALANCE(DEFICIT) ($21,500)
97
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES:
Interest $97,214 $229,303 $132,089
Developer fees 7,084,453 8,534,908 1,450,455
Total Revenues 7,181,667 8,764,211 1,582,544
EXPENDITURES:
Parks and community service $61,609 215,427 79,711 135,716
Total Expenditures 61,609 215,427 79,711 135,716
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES (61,609) 6,966,240 8,684,500 1,718,260
OTHER FINANCING SOURCES(USES)
Transfers in 3,500,000 (3,500,000)
Transfers out (14,152,490) (39,557,962) (4,305,724) 35,252,238
Total Other Financing Sources(Uses) (14,152,490) (36,057,962) (4,305,724) 31,752,238
NET CHANGE IN FUND BALANCE ($14,214,099) ($29,091,722) 4,378,776 $33,470,498
BEGINNING FUND BALANCE 29,285,547
ENDING FUND BALANCE $33,664,323
98
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES:
Developer fees $188,860 $280,250 $434,307 $154,057
Total Revenues 188,860 280,250 434,307 154,057
EXPENDITURES:
Current:
General government 5,000 3,006 1,994
Total Expenditures 5,000 3,006 1,994
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES 188,860 275,250 431,301 156,051
NET CHANGE IN FUND BALANCE $188,860 $275,250 431,301 $156,051
BEGINNING FUND BALANCE(DEFICIT) (901,908)
ENDING FUND BALANCE(DEFICIT) ($470,607)
99
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 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES:
Interest $36,403 $36,403 $103,738 $67,335
Developer fees 2,189,044 3,561,269 6,154,171 2,592,902
Other revenue 13,248 13,248
Total Revenues 2,225,447 3,597,672 6,271,157 2,673,485
EXPENDITURES:
Current:
General government $350,000 635,000 551,338 83,662
Public works 130,079 869 129,210
Total Expenditures 350,000 765,079 552,207 212,872
EXCESS(DEFICIENCY)OF REVENUES
OVER EXPENDITURES 1,875,447 2,832,593 5,718,950 2,886,357
OTHER FINANCING SOURCES(USES)
Transfers out (1,112,129) (3,988,186) (1,364,415) 2,623,771
Total Other Financing Sources(Uses) (1,112,129) (3,988,186) (1,364,415) 2,623,771
NET CHANGE IN FUND BALANCE $763,318 ($1,155,593) 4,354,535 $5 510,128
BEGINNING FUND BALANCE 12,905,632
ENDING FUND BALANCE $17,260,167
100
CITY OF DUBLIN
DUBLIN CROSSING CONTRIBUTION CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES: $17 $17
Interest
Total Revenues 17 17
EXPENDITURES
Current:
General government 50,000 (50,000)
Total Expenditures 50,000 (50,000)
EXCESS(DEFICIENCY)OF REVENUES (49,983) (49,983)
OVER EXPENDITURES
OTHER FINANCING SOURCES(USES)
Transfers out ($118,800) ($118,880) (69,026) 49,854
Total Other Financing Sources(Uses) (118,800) (118,880) (69,026) 49,854
NET CHANGE IN FUND BALANCE ($118,800) ($118,880) (119,009) ($129)
BEGINNING FUND BALANCE 50,075
ENDING FUND BALANCE(DEFICIT) ($68,934)
101
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NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital
projects)that are legally restricted to expenditures for specific purposes.
SPECIAL REVENUE FUND
PUBLIC SAFETY:
SPECIAL CRIMINAL ACTIVITY
Established to account for receipt of funds derived from asset forfeitures.
VEHICLE ABATEMENT
Established to account for the use of funds received from vehicle registration of Dublin residents for the towing
of abandoned vehicles in city limits.
SUPPLEMENTAL LAW ENFORCEMENT(SLESJCOPS)
Established to account for police expenditures funded by a State grant.
TRAFFIC SAFETY
Established to account for the receipt of traffic fines and traffic safety expenditures.
FEDERAL ASSET SEIZURE
Established to account for the receipts and expenditures of the Federal seizure funds.
EMERGENCY MEDICAL SERVICES(EMS)
Established to account for excise taxes received to fund the costs of providing Emergency Medical Services.
ENFORCEMENT GRANTS
Established to account for miscellaneous grants received for police expenditures not reported in the above funds.
TRANSPORTATION:
STATE GAS TAX
Established to account for the receipt of state gasoline taxes and expenditures.
SAFETEA-LU
Established to account for the revenue received from the U.S. Department of Transportation under the Safe,
Accountable,Flexible,Efficient Transportation Equity Act:A Legal for Users fund.
103
NON-MAJOR GOVERNMENTAL FUNDS(Continued)
MEASURE B SALES TAX—LOCAL STREETS
Established to account for an Alameda County voter sales tax used for improvements on streets and roads.
MEASURE B SALES TAX—BIKE PEDESTRIAN
Established to account for an Alameda County voter approved increase in sales tax used for bike and pedestrian
related projects.
MEASURE BB SALES TAX—STREETS AND ROADS
Established to account for an Alameda County voter approved increase in sales tax used for improvements on
streets and roads.
MEASURE BB SALES TAX—BIKE/PEDESTRIAN
Established to account for an Alameda County voter approved increase in sales tax used for bike and pedestrian
related projects.
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.
TDA
Established to account for the financial activities associated with allocations funded by the State of California
Transportation Development Act(TDA)for the Pedestrian/Bicycle Projects."
ENVIRONMENTAL:
GARBAGE/RECYCLING
Established to account for the following activities:
Measure D Recycling
Established to account for the use of funds received which are levied by the County pursuant to a charter
amendment and are provided for recycling and related activities. This fund also accounts for other locally
derived funds for recycling related activities.
104
NON-MAJOR GOVERNMENTAL FUNDS(Continued)
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.
AVI ECONOMIC BENEFIT/BUSINESS ASSISTANCE PROGRAM
Established to account for the grant received from Amador Valley Industry and to provide business owners
funding for eligible environmental related improvements.
STORM WATER MANAGEMENT
Established to account for the following activities:
Storm Water Management
Established to account for the funds received from the State and designated specifically for the use of storm
water related activities.
Dublin/Dougherty Storm Water Management
Established to account for funds designated for the management of the Dublin/Dougherty area storm water
units.
Village Parkway Storm Water Management
Established to account for funds designated for management of the Village Parkway area storm water units.
BOX CULVERT
Established to account for the funds designated for the maintenance and repairs of box culvert in the East Dublin
area.
PARKS.CULTURAL.AND ARTS:
EAST BAY REGIONAL PARK DISTRICT
Establish to account for the funds received from the East Bay Regional Park District from the Measure WW-
Extend Existing East Bay Regional Park District Bond With No Increase In Tax Rate approved by voters on
November 4,2008.
PUBLIC ART
Establish to account for the fees received from developers of properties,which can only be used for the purchase
design,development,and construction of Public Art projects within the City of Dublin.
105
NON-MAJOR GOVERNMENTAL FUNDS(Continued)
MISCELLANEOUS SPECIAL REVENUE
Established to account for the following activities:
Cable TV Facilities
Established to account for Cable TV Facilities fees collected from Cable Television providers and passed
through to the City for local cable television as allowed under State and Federal franchising laws.
Noise Mitigation
Establish to account for the fees received from developers of properties,which can only be used for the
noise mitigation measures.
Citywide Events(Customer Service)Fund
Establish to account for event ticket sales and donations,to be spent on special events citywide.
COMMUNITY 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.
106
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CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30,2015
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activity Abatement Enforcement Traffic Safety
ASSETS
Cash and investments $122,481 $292,421 $45,842 $339,044
Accounts receivable 18,407
Total Assets $122 481 $292 421 $45,842 $357,451
LIABILITIES
Accounts payable $1,280 $30,000 $35,936
Deposits payable 21,860
Due to other funds
Total Liabilities 23,140 30,000 35,936
FUND BALANCE(DEFICIT)
Fund balance(Deficit):
Restricted
Public safety programs 99,341 $292,421 15,842 321,515
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances(Deficits) 99,341 292,421 15,842 321,515
Total Liabilities and Fund Balances $122,481 $292 421 $45,842 $357 451
108
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
$152,214 $91,485 $5,593 $3,584,149 $436,232 $94,985
46,311 98,573 37,054
$152,214 $137,796 $5,593 $3,584,149 $534,805 $132,039
$2,490 $84,817 $22,532
$368,511
2,490 84,817 22,532 368,511
149,724 52,979 $5,593
3,561,617 $534,805 $132,039
(368,511)
149,724 _ 52,979 5,593 3,561,617 (368,511) 534,805 132,039
$1_ 52,214 $137,796 $5,593 $3,584,149 $534,805 $132,039
(Continued)
109
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30,2015
Special Revenue Funds
Highway
Measure BB Measure BB Congestion Safety
Sales Tax Sales Tax Management Traffic
Streets and Roads Bike/Pedestrian Agency Reduction Bond
ASSETS
Cash and investments $1,242 $117 $4,327
Accounts receivable 70,907 24,235 $290,981
Total Assets $72,149 $24,352 $290,981 $4,327
LIABILITIES
Accounts payable
Deposits payable
Due to other funds $290,981
Total Liabilities 290,981
FUND BALANCE(DEFICIT)
Fund balance(Deficit):
Restricted
Public safety programs
Street maintenance and construction $72,149 $24,352 $4,327
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances(Deficits) 72,149 24,352 4,327
Total Liabilities and Fund Balances $72,149 $24 352 $290.981 $4,327
110
Special Revenue Funds
ACTC
Federal Vehicle AVI Economic Storm
Transportation Registration Garbage/ Benefit/Business Water
(TIGER) Fee TDA Recycling Assistance Program Management Box Culvert
$139,350 $175 $463,192 $38 $200,045 $360,193
$22,917 44,777 54,525
$22,917 $184,127 $175 $517,717 $38 $200,045 $360,193
$9,939 $36,284
$23,496 $175
23,496 9,939 175 36,284
174,188 $200,045 $360,193
481,433 $38
(579)
(579) 174,188 481 s 433 38 200,045 360,193
$22917 $184127 $175 $517,717 $38 $200,045 $360,193
, ,
(Continued)
111
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30,2015
Special Revenue Funds
East Bay Miscellaneous Community
Regional Special Development
Park District Public Art Revenue Block Grant
ASSETS
Cash and investments $2,991,194 $393,380
Accounts receivable $156,549 44,489 $24 029
Total Assets $156,549 $2,991,194 $437,869 $24 029
LIABILITIES
Accounts payable $144 $2,651
Deposits payable 1,906
Due to other finals $156,549 21,378
Total Liabilities 156,549 2,050 24,029
FUND BALANCE(DEFICIT)
Fund balance(Deficit):
Restricted
Public safety programs
Street maintenance and construction
Health and welfare programs 435,819
Recycling programs
Capital improvement projects $2,991,194
Unassigned
Total Fund Balances(Deficits) 2,991,194 435,819
Total Liabilities and Fund Balances $156,549 $2,991194 $437869 $24 029
, ,
112
Special Revenue Funds
Maintenance Districts Total
1983-1 1983-2 1986-1 1997-1 1999-1 Non-Major
Street Stagecoach Dougherty Santa Rita East Dublin Governmental
Lighting Landscape Landscape Landscape Street Lighting Funds
$189,443 $82,468 $173,475 $319,224 $484,288 $10,966,597
1,357 112 574 920 936,717
$190,800 $82,468 $173,587 $319,798 $485,208 $11,903,314
$2,342 $862 $22,015 $19,059 $2,696 $273,047
23,766
861,090
2,342 862 22,015 19,059 2,696 1,157,903
937,415
188,458 81,606 151,572 300,739 482,512 6,268,602
435,819
481,471
2,991,194
(369,090)
188,458 81,606 151,572 300,739 482,512 10,745,411
$190,800 $82,468 $173,587 $319,798 $485,208 $11,903,314
113
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30,2015
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activity Abatement Enforcement Traffic Safety
REVENUES
Property taxes
Taxes other than property
Intergovernmental $36,369 $113,163
Charges for service
Interest $1,011 1,760 179 $1,905
Fines and forfeitures 196,100
Developer fees
Other revenue 28,896
Special assessments
Total Revenues 29,907 38,129 113,342 198,005
EXPENDITURES
Current:
General government
Police 1,915 100,000
Fire
Public works 114,603
Park and community services
Community development
Total Expenditures 1,915 100,000 114,603
REVENUES OVER
(UNDER)EXPENDITURES 27,992 38,129 13,342 83,402
OTHER FINANCING SOURCES(USES)
Transfer out
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 27,992 38,129 13,342 83,402
FUND BALANCES(DEFICITS):
Beginning of year 71,349 254,292 2,500 238,113
End of year $99,341 $292,421 $15,842 $321,515
114
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
$396,556 $149,070
$180,884 $7,301 $1,515,839
$1,553 366 34 22,258 $23 4,656 408
24,183
174,067
1,553 355,317 7,335 1,562,280 23 401,212 149,478
163,811 6,140
330,474
485,494 49,627
163,811 330,474 6,140 485,494 49,627
(162,258) 24,843 1,195 1,076,786 23 401,212 99,851
(766,974) (404,396) (682,726) (20,592)
(766,974) (404,396) (682,726) (20,592)
(162,258) 24,843 1,195 309,812 (404,373) (281,514) 79,259
311,982 28,136 4,398 3,251,805 35,862 816,319 52,780
$149,724 $52,979 $5,593 $3,561,617 ($368,511) $534,805 $132,039
(Continued)
115
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30,2015
Special Revenue Funds
Highway
Measure BB Measure BB Congestion Safety
Sales Tax Sales Tax Management Traffic
Streets and Roads Bike/Pedestrian Agency Reduction Bond
REVENUES
Property taxes
Taxes other than property $70,906 $24,234
Intergovernmental
Charges for service
Interest 1,243 118 $28
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 72,149 24,352 28
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 72,149 24,352 28
OTHER FINANCING SOURCES(USES)
Transfer out
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 72,149 24,352 28
FUND BALANCES(DEFICITS):
Beginning of year 4,299
End of year $72,149 $24,352 $4,327
116
Special Revenue Funds
ACTC
Federal Vehicle AVI Economic Storm
Transportation Registration Garbage! Benefit/Business Water
(TIGER) Fee TDA Recycling Assistance Program Management Box Culvert
$252,863 $207,189 $189,927 $25,735
3,203,145
847 3,325 1,351 $2,346
253,710 207,189 3,396,397 27,086 2,346
3,255,178
$161,330 48,867 10,000
161,330 3,304,045 10,000
92,380 207,189 92,352 17,086 2,346
(3,670) ($150,043) (30,176)
(3,670) (150,043) (30,176)
88,710 57,146 92,352 (13,090) 2,346
($579) 85,478 (57,146) 389,081 $38 213,135 357,847
($579) $174,188 $481,433 $38 $200,045 $360,193
(Continued)
117
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30,2015
Special Revenue Funds
East Bay Miscellaneous Community
Regional Special Development
Park District Public Art Revenue Block Grant
REVENUES
Property taxes
Taxes other than property
Intergovernmental $156,549 $76,703
Charges for service $169,768
Interest $17,632 2,149
Fines and forfeitures
Developer fees 969,432 5,365
Other revenue
Special assessments
Total Revenues 156,549 987,064 177,282 76,703
EXPENDITURES
Current:
General government 33,400
Police
Fire
Public works
Park and community services 30,059
Community development 71,402
Total Expenditures 30,059 33,400 71,402
REVENUES OVER
(UNDER)EXPENDITURES 156,549 957,005 143,882 5,301
OTHER FINANCING SOURCES(USES)
Transfer out (122,085) (105,477) (5,300)
Total Other Financing Sources(Uses) (122,085) (105,477) (5,300)
NET CHANGE IN FUND BALANCES 34,464 851,528 143,882 1
FUND BALANCES(DEFICITS):
Beginning of year (34,464) 2,139,666 291,937 (1)
End of year $2,991,194 $435,819
118
Special Revenue Funds
Maintenance Districts Total
1983-1 1983-2 1986-1 1997-1 1999-1 Nonmajor
Street Stagecoach Dougherty Santa Rita East Dublin Governmental
Lighting Landscape Landscape Landscape Street Lighting Funds
$640,766
2,762,522
3,372,913
$900 $363 $827 $1,806 $2,693 69,781
196,100
974,797
53,079
288,634 85,614 132,723 307,225 275,938 1,264,201
289,534 85,977 133,550 309,031 278,631 9,334,159
3,288,578
271,866
330,474
301,706 47,219 77,091 243,000 139,209 1,678,146
30,059
71,402
301,706 47,219 77,091 243,000 139,209 5,670,525
(12,172) 38,758 56,459 66,031 139,422 3,663,634
(31,679) (2,323,118)
(31,679) (2,323,118)
(12,172) 38,758 56,459 66,031 107,743 1,340,516
200,630 42,848 95,113 234,708 374,769 9,404,895
$188,458 $81,606 $151,572 $300,739 $482,512 $10,745,411
119
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
SPECIAL CRIMINAL ACTIVITY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $211 $211 $1,011 $800
Fines and forfeitures
Developer fees
Other revenue 28,896 28,896
Special assessments
Total Revenues 211 211 29,907 29,696
EXPENDITURES
Current
General government
Police 3,980 23,980 1,915 22,065
Fire
Public works
Park and community services
Community development
Total Expenditures 3,980 23,980 1,915 22,065
REVENUES OVER
(UNDER)EXPENDITURES (3,769) (23,769) 27,992 51,761
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES $3,769 ($23,769) 27,992 $51,761
FUND BALANCE(DEFICITS):
Beginning of year 71,349
End of year $99,341
120
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
VEHICLE ABATEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $30,460 $30,460 $36,369 $5,909
Charges for service
Interest 1,481 1,481 1,760 279
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 31,941 31,941 38,129 6,188
EXPENDITURES
Current:
General government
Police 755 755 755
Fire
Public works
Park and community services
Community development
Total Expenditures 755 755 755
REVENUES OVER
(UNDER)EXPENDITURES 31,186 31,186 38,129 6,943
OTHER FINANCING SOURCES(USES)
Transfers(out) (21,000) (21,000) 21,000
Total Other Financing Sources(Uses) (21,000) (21,000) 21,000
NET CHANGE IN FUND BALANCES $10,186 $10,186 38,129 $27,943
FUND BALANCE(DEFICITS):
Beginning of year 254,292
End of year $292,421
121
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
SUPPLEMENTAL LAW ENFORCEMENT
Variance
Budgeted Amounts Positive
Oriel Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $100,000 $100,000 $113,163 $13,163
Charges for service
Interest 179 179
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 100,000 100,000 113,342 13,342
EXPENDITURES
Current:
General government
Police 100,000 100,000 100,000
Fire
Public works
Park and community services
Community development
Total Expenditures 100,000 100,000 100,000
REVENUES OVER
(UNDER)EXPENDITURES 13,342 13,342
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 13,342 $13,342
FUND BALANCE(DEFICITS):
Beginning of year 2,500
End of year $15,842
122
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
TRAFFIC SAFETY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $788 $788 $1,905 $1,117
Fines and forfeitures 148,280 148,280 196,100 47,820
Developer fees
Other revenue
Special assessments
Total Revenues 149,068 149,068 198,005 48,937
EXPENDITURES
Current:
General government
Police
Fire
Public works 111,253 111,253 114,603 (3,350)
Park and community services
Community development
Total Expenditures 111,253 111,253 114,603 (3,350)
REVENUES OVER
(UNDER)EXPENDITURES 37,815 37,815 83,402 45,587
OTHER FINANCING SOURCES(USES)
Transfers(out) (65,434) (65,434) 65,434
Total Other Financing Sources(Uses) (65,434) (65,434) 65,434
NET CHANGE IN FUND BALANCES ($27,619) ($27,619) 83,402 $111,021
FUND BALANCE(DEFICITS):
Beginning of year 238,113
End of year $321,515
123
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
FEDERAL ASSET SEIZURE
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $1,843 $1,843 $1,553 ($290)
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 1,843 1,843 1,553 (290)
EXPENDITURES
Current:
General government
Police 4,500 304,500 163,811 140,689
Fire
Public works
Park and community services
Community development
Total Expenditures 4,500 304,500 163,811 140,689
REVENUES OVER
(UNDER)EXPENDITURES (2,657) (302,657) (162,258) 140,399
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES ($2,657) ($302,657) (162,258) $140,399
FUND BALANCE(DEFICITS):
Beginning of year 311,982
End of year $149,724
124
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
EMERGENCY MEDICAL SERVICES
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $177,630 $177,630 $180,884 $3,254
Charges for service
Interest 86 86 366 280
Fines and forfeitures
Developer fees
Other revenue
Special assessments 159,000 174,067 15,067
Total Revenues 177,716 336,716 355,317 18,601
EXPENDITURES
Current:
General government
Police
Fire 330,201 330,475 330,474 1
Public works
Park and community services
Community development
Total Expenditures 330,201 330,475 330,474 1
REVENUES OVER
(UNDER)EXPENDITURES (152,485) 6,241 24,843 18,602
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES ($152,485) $6,241 24,843 $18,602
FUND BALANCE(DEFICITS):
Beginning of year 28,136
End of year $52,979
125
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
ENFORCEMENT GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $1,230 $6,300 $7,301 $1,001
Charges for service
Interest 27 27 34 7
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 1,257 6,327 7,335 1,008
EXPENDITURES
Current:
General government
Police 1,225 6,295 6,140 155
Fire
Public works
Park and community services
Community development
Total Expenditures 1,225 6,295 6,140 155
REVENUES OVER
(UNDER)EXPENDITURES 32 32 1,195 1,163
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES $32 $32 1,195 $1,163
FUND BALANCE(DEFICITS):
Beginning of year 4,398
End of year $5,593
126
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
STATE GAS TAX
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $1,226,420 $1,226,420 $1,515,839 $289,419
Charges for service
Interest 10,650 10,650 22,258 11,608
Fines and forfeitures
Developer fees
Other revenue 24,183 24,183
Special assessments
Total Revenues 1,237,070 1,237,070 1,562,280 325,210
EXPENDITURES
Current:
General government
Police
Fire
Public works 557,867 632,867 485,494 147,373
Park and community services
Community development
Total Expenditures 557,867 632,867 485,494 147,373
REVENUES OVER
(UNDER)EXPENDITURES 679,203 604,203 1,076,786 472,583
OTHER FINANCING SOURCES(USES)
Transfers(out) (624,954) (1,386,988) (766,974) 620,014
Total Other Financing Sources(Uses) (624,954) (1,386,988) (766,974) 620,014
NET CHANGE IN FUND BALANCES $54,249 ($782,785) 309,812 $1,092,597
FUND BALANCE(DEFICITS):
Beginning of year 3,251,805
End of year $3,561,617
127
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
SAFETEA-LU
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $23 $23
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 23 23
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 23 23
OTHER FINANCING SOURCES(USES)
Transfers(out) ($470,000) (404,396) 65,604
Total Other Financing Sources(Uses) (470,000) (404,396) 65,604
NET CHANGE IN FUND BALANCES ($470,000) (404,373) $65,627
FUND BALANCE(DEFICITS):
Beginning of year 35,862
End of year ($368,511)
128
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
MEASURE B SALES TAX STREETS AND ROADS
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $363,526 $363,526 $396,556 $33,030
Intergovernmental
Charges for service
Interest 13,238 13,238 4,656 (8,582)
Fines and forfeitures
Developer fees
Other revenue 6,267,000 6,267,000 (6,267,000)
Special assessments
Total Revenues 6,643,764 6,643,764 401,212 (6,242,552)
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 6,643,764 6,643,764 401,212 (6,242,552)
OTHER FINANCING SOURCES(USES)
Transfers(out) (4,588,507) (7,261,123) (682,726) 6,578,397
Total Other Financing Sources(Uses) (4,588,507) (7,261,123) (682,726) 6,578,397
NET CHANGE IN FUND BALANCES $2,055,257 ($617,359) (281,514) $335,845
FUND BALANCE(DEFICITS):
Beginning of year 816,319
End of year $534,805
129
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
MEASURE B SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $127,956 $127,956 $149,070 $21,114
Intergovernmental
Charges for service
Interest 448 448 408 (40)
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 128,404 128,404 149,478 21,074
EXPENDITURES
Current:
General government
Police
Fire
Public works 17,962 65,700 49,627 16,073
Park and community services
Community development
Total Expenditures 17,962 65,700 49,627 16,073
REVENUES OVER
(UNDER)EXPENDITURES 110,442 62,704 99,851 37,147
OTHER FINANCING SOURCES(USES)
Transfers(out) (30,000) (59,481) (20,592) 38,889
Total Other Financing Sources(Uses) (30,000) (59,481) (20,592) 38,889
NET CHANGE IN FUND BALANCES $80,442 $3,223 79,259 $76,036
FUND BALANCE(DEFICITS):
Beginning of year 52,780
End of year $132,039
130
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
MEASURE BB SALES TAX STREETS AND ROADS
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $70,906 $70,906
Intergovernmental
Charges for service
Interest 1,243 1,243
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 72,149 72,149
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 72,149 72,149
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 72,149 $72,149
FUND BALANCE(DEFICITS):
Beginning of year
End of year $72,149
131
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
MEASURE BB SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $24,234 $24,234
Intergovernmental
Charges for service
Interest 118 118
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 24,352 24,352
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 24,352 24,352
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 24,352 $24,352
FUND BALANCE(DEFICITS):
Beginning of year
End of year $24,352
132
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
CONGESTION MANAGEMENT AGENCY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES
OTHER FINANCING SOURCES(USES)
Transfers(out) ($621,513) ($621,513) $621,513
Total Other Financing Sources(Uses) (621,513) (621,513) 621,513
NET CHANGE IN FUND BALANCES ($621,513) ($621,513) $621,513
FUND BALANCE(DEFICITS):
Beginning of year
End of year
133
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
HIGHWAY SAFETY
TRAFFIC REDUCTION BOND
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $28 $28
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 28 28
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 28 28
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES 28 $28
FUND BALANCE(DEFICITS):
Beginning of year 4,299
End of year $4,327
134
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
FEDERAL TRANSPORTATION
(TIGER)
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE(DEFICITS):
Beginning of year ($579)
End of year ($579)
135
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
ACTC VEHICLE REGISTRATION FEE
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $217,160 $217,160 $252,863 $35,703
Charges for service
Interest 349 349 847 498
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 217,509 217,509 253,710 36,201
EXPENDITURES
Current:
General government
Police
Fire
Public works 172,429 172,429 161,330 11,099
Park and community services
Community development
Total Expenditures 172,429 172,429 161,330 11,099
REVENUES OVER
(UNDER)EXPENDITURES 45,080 45,080 92,380 47,300
OTHER FINANCING SOURCES(USES)
Transfers(out) (33,623) (76,683) (3,670) 73,013
Total Other Financing Sources(Uses) (33,623) (76,683) (3,670) 73,013
NET CHANGE IN FUND BALANCES $11,457 ($31,603) 88,710 $120,313
FUND BALANCE(DEFICITS):
Beginning of year 85,478
End of year $174,188
136
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
TDA
Variance
Budgeted Amounts Positive
Oripginal Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $207,400 $207,400 $207,189 ($211)
Charges for service
Interest 979 979 (979)
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 208,379 208,379 207,189 (1,190)
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 208,379 208,379 207,189 (1,190)
OTHER FINANCING SOURCES(USES)
Transfers(out) (183,565) (150,043) 33,522
Total Other Financing Sources(Uses) (183,565) (150,043) 33,522
NET CHANGE IN FUND BALANCES $208,379 $24,814 57,146 $32,332
FUND BALANCE(DEFICITS):
Beginning of year (57,146)
End of year
137
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
GARBAGE/RECYCLING
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $157,000 $271,940 $189,927 ($82,013)
Charges for service 3,093,531 3,135,487 3,203,145 67,658
Interest 1,596 1,596 3,325 1,729
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 3,252,127 3,409,023 3,396,397 (12,626)
EXPENDITURES
Current:
General government 3,196,011 3,291,276 3,255,178 36,098
Police
Fire
Public works 74,493 140,753 48,867 91,886
Park and community services
Community development
Total Expenditures 3,270,504 3,432,029 3,304,045 127,984
REVENUES OVER
(UNDER)EXPENDITURES (18,377) (23,006) 92,352 115,358
OTHER FINANCING SOURCES(USES)
Transfers(out) (86,000) 86,000
Total Other Financing Sources(Uses) (86,000) 86,000
NET CHANGE IN FUND BALANCES ($18,377) ($109,006) 92,352 $201,358
FUND BALANCE(DEFICITS):
Beginning of year 389,081
End of year $481,433
138
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
AVI ECONOMIC BENEFIT/BUSINESS
ASSISTANCE PROGRAM
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE(DEFICITS):
Beginning of year $38
End of year $38
139
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
STORM WATER MANAGEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $769,570 $769,570 $25,735 ($743,835)
Charges for service
Interest 5,005 5,917 1,351 (4,566)
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 774,575 775,487 27,086 (748,401)
EXPENDITURES
Current:
General government
Police
Fire
Public works 10,000 10,000
Park and community services
Community development
Total Expenditures 10,000 10,000
REVENUES OVER
(UNDER)EXPENDITURES 774,575 765,487 17,086 (748,401)
OTHER FINANCING SOURCES(USES)
Transfers(out) (766,713) (30,176) 736,537
Total Other Financing Sources(Uses) (766,713) (30,176) 736,537
NET CHANGE IN FUND BALANCES $774,575 ($1,226) (13,090) ($11,864)
FUND BALANCE(DEFICITS):
Beginning of year 213,135
End of year $200,045
140
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
BOX CULVERT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $2,185 $2,185 $2,346 $161
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 2,185 2,185 2,346 161
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 2,185 2,185 2,346 161
OTHER FINANCING SOURCES(USES)
Transfers(out)
Total Other Financing Sources(Uses)
NET CHANGE IN FUND BALANCES $2,185 $2,185 2,346 $161
FUND BALANCE(DEFICITS):
Beginning of year 357,847
End of year $360,193
141
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
EAST BAY REGIONAL PARK DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $156,549 $156,549
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 156,549 156,549
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER)EXPENDITURES 156,549 156,549
OTHER FINANCING SOURCES(USES)
Transfers(out) (122,085) ($122,085)
Total Other Financing Sources(Uses) (122,085) (122,085)
NET CHANGE IN FUND BALANCES $34,464 34,464
FUND BALANCE(DEFICITS):
Beginning of year (34,464)
End of year
142
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
PUBLIC ART
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $7,789 $7,789 $17,632 $9,843
Fines and forfeitures
Developer fees 616,500 969,432 352,932
Other revenue
Special assessments
Total Revenues 7,789 624,289 987,064 362,775
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services 30,000 30,000 30,059 (59)
Community development
Total Expenditures 30,000 30,000 30,059 (59)
REVENUES OVER
(UNDER)EXPENDITURES (22,211) 594,289 957,005 362,716
OTHER FINANCING SOURCES(USES)
Transfers(out) (268,654) (318,654) (105,477) 213,177
Total Other Financing Sources(Uses) (268654) (318,654) (105,477) 213,177
NET CHANGE IN FUND BALANCES ($290,865) $275,635 851,528 $575,893
FUND BALANCE(DEFICITS):
Beginning of year 2,139,666
End of year $2,991,194
143
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
MISCELLANEOUS SPECIAL REVENUE
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service $149,000 $149,000 $169,768 $20,768
Interest 2,265 2,265 2,149 (116)
Fines and forfeitures
Developer fees 2,319 2,319 5,365 3,046
Other revenue
Special assessments
Total Revenues 153,584 153,584 177,282 23,698
EXPENDITURES
Current
General government 35,340 35,340 33,400 1,940
Police
Fire
Public works
Park and community services
Community development
Total Expenditures 35,340 35,340 33,400 1,940
REVENUES OVER
(UNDER)EXPENDITURES 118,244 118,244 143,882 25,638
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (325,000) 325,000
Total Other Financing Sources(Uses) (325,000) 325,000
NET CHANGE IN FUND BALANCES $118,244 ($206,756) 143,882 $350,638
FUND BALANCE(DEFICITS):
Beginning of year 291,937
End of year $435,819
144
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
COMMUNITY DEVELOPMENT BLOCK GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $74,002 $78,002 $76,703 ($1,299)
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 74,002 78,002 76,703 (1,299)
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development 67,402 71,402 71,402
Total Expenditures 67,402 71,402 71,402
REVENUES OVER
(UNDER)EXPENDITURES 6,600 6,600 5,301 (1,299)
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (6,600) (6,600) (5,300) 1,300
Total Other Financing Sources(Uses) (6,600) (6,600) (5,300) 1,300
NET CHANGE IN FUND BALANCES 1 $1
FUND BALANCE(DEFICITS):
Beginning of year (1)
End of year
145
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES 1N FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
1983-1 STREET LIGHTING
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $1,186 $1,186 $900 ($286)
Fines and forfeitures
Developer fees
Other revenue
Special assessments 287,128 287,128 288,634 1,506
Total Revenues 288,314 288,314 289,534 1,220
EXPENDITURES
Current
General government
Police
Fire
Public works 283,811 323,811 301,706 22,105
Park and community services
Community development
Total Expenditures 283,811 323,811 301,706 22,105
REVENUES OVER
(UNDER)EXPENDITURES 4,503 (35,497) (12,172) 23,325
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (2,800) (2,800) 2,800
Total Other Financing Sources(Uses) (2,800) (2,800) 2,800
NET CHANGE IN FUND BALANCES $1,703 ($38,297) (12,172) $26,125
FUND BALANCE(DEFICITS):
Beginning of year 200,630
End of year $188,458
146
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
1983-2 STAGECOACH LANDSCAPE
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $308 $308 $363 $55
Fines and forfeitures
Developer fees
Other revenue
Special assessments 82,417 82,417 85,614 3,197
Total Revenues 82,725 82,725 85,977 3,252
EXPENDITURES
Current:
General government
Police
Fire
Public works 78,217 78,217 47,219 30,998
Park and community services
Community development
Total Expenditures 78,217 78,217 47,219 30,998
REVENUES OVER
(UNDER)EXPENDITURES 4,508 4,508 38,758 34,250
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (750) (750) 750
Total Other Financing Sources(Uses) (750) (750) 750
NET CHANGE IN FUND BALANCES $3,758 $3,758 38,758 $35,000
FUND BALANCE(DEFICITS):
Beginning of year 42,848
End of year $81,606
147
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
1986-1 DOUGHERTY LANDSCAPE
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Prey taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $406 $406 $827 $421
Fines and forfeitures
Developer fees
Other revenue
Special assessments 129,648 129,648 132,723 3,075
Total Revenues 130,054 130,054 133,550 3,496
EXPENDITURES
Current:
General government
Police
Fire
Public works 130,380 130,380 77,091 53,289
Park and community services
Community development
Total Expenditures 130,380 130,380 77,091 53,289
REVENUES OVER
(UNDER)EXPENDITURES (326) (326) 56,459 56,785
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (1,110) (1,100) 1,100
Total Other Financing Sources(Uses) (1,110) (1,100) 1,100
NET CHANGE IN FUND BALANCES ($1,436)4 ($1,426) 56,459 $57,885
FUND BALANCE(DEFICITS):
Beginning of year 95,113
End of year $151,572
148
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
1997-1 SANTA RITA LANDSCAPE
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $1,352 $1,352 $1,806 $454
Fines and forfeitures
Developer fees
Other revenue
Special assessments 329,784 329,784 307,225 (22,559)
Total Revenues 331,136 331,136 309,031 (22,105)
EXPENDITURES
Current:
General government
Police
Fire
Public works 326,152 326,152 243,000 83,152
Park and community services
Community development
Total Expenditures 326,152 326,152 243,000 83,152
REVENUES OVER
(UNDER)EXPENDITURES 4,984 4,984 66,031 61,047
OTHER FINANCING SOURCES(USES)
Transfers in
Transfers(out) (3,000) (3,000) 3,000
Total Other Financing Sources(Uses) (3,000) (3,000) 3,000
NET CHANGE IN FUND BALANCES $1,984 $1,984 66,031 $64,047
FUND BALANCE(DEFICITS):
Beginning of year 234,708
End of year $300,739
149
4
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,2015
1999-1 EAST DUBLIN STREET LIGHTING
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $2,384 $2,384 $2,693 $309
Fines and forfeitures
Developer fees
Other revenue
Special assessments 260,368 260,368 275,93$ 15,570
Total Revenues 262,752 262,752 278,631 15,879
EXPENDITURES
Current:
General government
Police
Fire
Public works 146,715 146,715 139,209 7,506
Park and community services
Community development
Total Expenditures 146,715 146,715 139,209 7,506
REVENUES OVER
(UNDER)EXPENDITURES 116,037 116,037 139,422 23,385
OTHER FINANCING SOURCES(USES)
Transfers in n
Transfers(out) (78,442) (78,442) (31,679) 46,763
Total Other Financing Sources(Uses) (78,442) (78,442) (31,679) 46,763
NET CHANGE IN FUND BALANCES $37,595 $37,595 107,743 $70,148
FUND BALANCE(DEFICITS):
Beginning of year
374,769
End of year - $482,512
150
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 fmance 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.
PERS SIDE FUND
This fund was established to account for the repayment to the general fund for the advance made in fiscal year
2007-2008 to pay CaIPERS 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 fmance 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.
151
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF NET POSITION
JUNE 30,2015
Vehicle Building Equipment Maintenance
Replacement Replacement Replacement and Repair
ASSETS
Current Assets:
Cash and investments $2,718,053 $4,880,222 $2,950,492 $504,359
Prepaid items 39,503
Accounts receivable 62
Total current assets 2,718,053 4,880,222 2,950,554 543,862
Noncurrent Assets:
Land 10,774,792
Construction in progress 3,314,299 89,474
Building and improvements 63,094,195
Vehicles and equipment 4,432,912 2,323,252
Less:accumulated depreciation (2,633,415) (29,847,474) (1,302,422)
Total non-current assets 1,799,497 47,335,812 1,110,304
Total Assets 4,517,550 52,216,034 4,060,858 543,862
LIABILITIES
Current Liabilities:
Accounts payable and accruals 31,036 203 27,976
Capital lease
Total current liabilities 31,036 203 27,976
Noncurrent Liabilities:
Capital lease
Advances from other funds
Total non-current liabilities
Total Liabilities 31,036 203 27,976
NET POSITION(DEFICIT)
Net Investment in capital assets 1,799,497 47,335,812 1,110,304
Restricted
Unrestricted 2,687,017 4,880,222 2,950,351 515,886
Total Net Position $4,486,514 $52,216,034 $4,060,655 $515,886
152
Retiree PERS Park Energy
Health Care Side Fund Replacement Efficiency Total
$138,537 $424,493 $90,397 $11,706,553
39,503
167,465 167,527
306,002 424,493 90,397 11,913,583
10,774,792
3,403,773
63,094,195
6,756,164
(33,783,311)
50,245,613
306,002 424,493 90,397 62,159,196
279,795 339,010
403,459 403,459
279,795 403,459 742,469
5,346,352 5,346,352
$918,005 918,005
918,005 5,346,352 6,264,357
279,795 918,005 5,749,811 7,006,826
(5,749,811) 44,495,802
26,207 (918,005) 424,493 90,397 10,656,568
$26,207 ($918,005) $424,493 ($5,659,414) $55,152,370
153
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF REVENUES,EXPENSES AND
CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30,2015
Vehicle Building Equipment Maintenance
Replacement Replacement Replacement and Repair
OPERATING REVENUES
Charges for services $362,066 $150,240 $677,064 $491,376
Other revenue 617,286
Total Operating Revenues 979,352 150,240 677,064 491,376
OPERATING EXPENSES
Supplies and services 2,920 341,317
OPEB expenses
Depreciation 408,979 2,113,178 72,579
Interest and fiscal charges
Total Operating Expenses 408,979 2,113,178 75,499 341,317
Operating Income(Loss) 570,373 (1,962,938) 601,565 150,059
NONOPERATING REVENUES(EXPENSES)
Interest income 17,420 29,932 19,189 2,847
Gain from sale of property 50,618 62
Total Nonoperating Revenues(Expenses) 68,038 29,932 19,251 2,847
Income(Loss)Before Transfers 638,411 (1,933,006) 620,816 152,906
Transfer(out) (361) (43,247)
Net transfers (361) (43,247)
Change in Net Position 638,411 (1,933,367) 577,569 152,906
BEGINNING NET POSITION(DEFICIT) 3,848,103 54,149,401 3,483,086 362,980
ENDING NET POSITION(DEFICIT) $4,486,514 $52,216,034 $4,060,655 $515,886
154
Retiree PERS Park Energy
Health Care Side Fund Replacement Efficiency Total
$1,306,999 $363,030 $104,664 $535,892 $3,991,331
535,229 1,152,515
1,842,228 363,030 104,664 535,892 5,143,846
344,237
1,842,228 1,842,228
2,594,736
156,897 156,897
1,842,228 156,897 4,938,098
363,030 104,664 378,995 205,748
353 2,477 686 72,904
50,680
353 2,477 686 123,584
353 363,030 107,141 379,681 329,332
(126,287) (169,895)
(126,287) (169,895)
353 363,030 107,141 253,394 159,437
25,854 (1,281,035) 317,352 (5,912,808) 54,992,933
$26,207 ($918,005) $424,493 ($5,659,414) $55,152,370
155
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30,2015
Vehicle Building Equipment Maintenance
Replacement Replacement Replacement and Repair
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds $362,066 $150,240 $677,002 $491,376
Payments to suppliers and service providers 8,046 (13,174) (2,717) (338,613)
Other revenues 617,286
Cash Flows from(used for)Operating Activities 987,398 137,066 674,285 152,763
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments to other funds (361) (43,247)
Cash Flows(used for)Noncapital Financing Activities (361) (43,247)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets (1,054,960) (352,452)
Interest paid on capital lease
Capital lease repayment
Sales of capital assets 50,618 226,296 62
Cash Flows from Capital and Related
Financing Activities (1,004,342) 226,296 (352,390)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 17,420 29,932 19,189 2,847
Cash Flows from Investing Activities 17,420 29,932 19,189 2,847
Net Cash Flows 476 392,933 297,837 155,610
Cash and investments at beginning of year 2,717,577 4,487,289 2,652,655 348,749
Cash and investments at end of year $2,718,053 $4,880,222 $2,950,492 $504,359
Reconciliation of operating income(loss)to net cash flows
from operating activities:
Operating income(loss) $570,373 ($1,962,938) $601,565 $150,059
Adjustments to reconcile operating income(loss)
to net cash flows from operating activities:
Depreciation 408,979 2,113,178 72,579
Interest and fiscal charges
Change in assets and liabilities:
Accounts receivable (62)
Prepaid expenses (2,039)
Accounts payable and accruals 8,046 (13,174) 203 4,743
CAah Flows from Operating Activities $987,398 $137,066 $674,285 $152,763
156
Retiree PERS Park Energy
Health Care Side Fund Replacement Efficiency Total
$1,249,185 $363,030 $104,664 $535,892 $3,933,455
(1,859,135) (333,145) (2,538,738)
535,229 1,152,515
(74,721) 363,030 104,664 202,747 2,547,232
(363,030) (126,287) (532,925)
(363,030) (126,287) (532,925)
(1,407,412)
(156,897) (156,897)
(378,995) (378,995)
276,976
(535,892) (1,666,328)
353 2,477 686 72,904
353 2,477 686 72,904
(74,368) 107,141 (458,746) 420,883
212,905 317,352 549,143 11,285,670
$138,537 $424,493 $90,397 $11,706,553
$363,030 $104,664 $378,995 $205,748
2,594,736
156,897 156,897
($57,814) (57,876)
(2,039)
(16,907) (333,145) (350,234)
($74,721) $363,030 $104,664 $202,747 $2,547,232
157
*
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158
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 V4 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.
159
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30,2015
Balance Balance
June 30,2014 Additions Deductions June 30,2015
Dublin Boulevard Extension Assessment District
Assets
Cash and investments $8,118 $385 $8,503
$8,118 $385 $8,503
Liabilities
Due to bondholders $8,118 $385 $8,503
$8,118 $385 $8,503
Associated Community Action Program
Assets
Cash and investments $115,291 $50,400 $64,891
Accounts receivable
$115,291 $50,400 $64,891
Liabilities
Accounts payable $2,370 $1,422 $948
Due to trustee 112,921 48,978 63,943
$115,291 $50,400 $64,891
Fallon Village
Geologic Hazardous Abatement District
Assets
Cash and investments $1,144,462 $704,420 $61,595 $1,787,287
Accounts receivable 5,923 4,212 5,923 4,212
$1,150,385 $708,632 $67,518 $1,791,499
Liabilities
Accounts Payable $75 $75
Due to trustee $1,150,385 708,557 $67,518 1,791,424
$1,150,385 $708,557 $67,518 $1,791,499
160
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30,2015(Continued)
Balance Balance
June 30,2014 Additions Deductions June 30,2015
Schaefer Ranch Geologic Hazardous Abatement District
Assets
Cash and investments $1,328,727 $574,770 $54,455 $1,849,042
Accounts receivable 1,902 1,961 1,902 1,961
$1,330,629 $576,731 $56,357 $1,851,003
Liabilities
Accounts Payable $105 $105
Due to trustee 1,330,524 $576,731 56,252 $1,851,003
$1,330,629 $576,731 $56,357 $1,851,003
Fallon Village Annex/Jordan Ranch
Geologic Hazardous Abatement District
Assets
Due from trustee $1,800 $433 $1,800 $433
$1,800 $433 $1,800 $433
Liabilities
Due to City $1,800 $433 $1,800 $433
$1,800 $433 $1,800 433
Fallon Crossing(North Tassajara)
Geologic Hazardous Abatement District
Assets
Cash and investments $56,570 $96,615 $11,817 $141,368
Accounts receivable 2,179 2,179
$56,570 $98,794 $11,817 $143,547
Liabilities
Accounts Payable
Due to trustee $56,570 $98,794 $11,817 $143,547
$56,570 $98,794 $11,817 $143,547
161
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30,2015(Continued)
Balance Balance
June 30,2014 Additions Deductions June 30,2015
Totals-All Agency Funds
Assets
Cash and investments $2,653,168 $1,376,190 $178,267 $3,851,091
Accounts receivable 7,825 8,352 7,825 8,352
Due from trustee 1,800 433 1,800 433
$2,662,793 $1,384,975 $187,892 $3,859,876
Liabilities
Accounts payable $2,475 $75 $1,527 $1,023
Due to City 1,800 433 1,800 433
Due to trustee 2,650,400 1,384,082 184,565 3,849,917
Due to bondholders 8,118 385 8,503
$2,662,793 $1,384,975 $187,892 $3,859,876
162
STATISTICAL SECTION
This part of the City's Comprehensive Annual Financial Report presents detailed information as a context for
understanding what the information in the financial statements, note disclosures, and required supplementary
information says about the City's overall financial health. In contrast to the financial section,the statistical section
information is not subject to independent audit.
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and
well being have changed over time:
1. Net Position by Component
2. Changes in Net Position
3. Fund Balances of Governmental Funds
4. Changes in Fund Balance of Governmental Funds
Revenue Capacity
These schedules contain information to help the reader assess the City's most significant local revenue source, the
property tax:
1. Assessed Value and Estimated Actuarial of Taxable Property
2. Direct and Overlapping Property Tax Rates
3. Principal Property Taxpayers
4. Property Tax Levies and Collections
Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of
outstanding debt and the City's ability to issue additional debt in the future:
1. Ratio of Outstanding Debt by Type
2. Direct and Overlapping Debt
3. Legal Debt Margin Information
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within
which the City's financial activities take place:
1. Demographic and Economic Statistics
2. Property Value,Construction and Bank Deposits
3. Principal Employers
Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the
City's financial report relates to the services the City provides and the activities it performs:
1. Full-Time Equivalent City and Contract Government Employees by Function
2. Operating Indicators by Function
3. Capital Asset Statistics by Function
4. Top 25 Sales Tax Producers
5. Miscellaneous Statistical Data
Sources
Unless otherwise noted, the information in these schedules is derived from the Comprehensive Annual Financial
Reports for the relevant year.
163
ionaimmow
City of Dublin
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2006 2007 2008 2009 2010
Primary government
Governmental activities:
Net investment in
capital wets $387,888,143 $399,631,407 $411,619,671 $423,474,384 $436,857,107
Restricted 48,480,463 45,647,928 48,572,719 36,906,687 25,004,384
Unrestricted 57,766,785 61,789,687 68,456,077 66,597,197 70,203,471
Total primary government $494,135,391 $507,069,022 $528,648,467 $526,978,268 $532,064,962
Data Source:City of Dublin Administrative Services Department
Note:The City adjusted certain beginning balances during fiscal year 20142015.Financial data shown for proceeding years were
not adjusted for the presentation.
164
2011 2012 2013 2014 2015
$433,779,703 $433,548,888 $432,722,323 $445,529,366 $444,832,546
21,453,867 36,714,724 52,548,095 60,808,540 74,738,217
76,303,907 86,063,259 99,084,771 97,918,858 107,176,361
$531,537,477 $556,326,871 $584,355,189 $604,256,764 $626,747,124
165
City of Dublin
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
2006 2007 2008 2009 2010
Governmental activities:
General government $ 4,940,586 $ 8,866,758 $ 7,790,286 $ 8,721,545 $ 8,396,199
Police
Fire
Public works
Parks and community service
Economic development
Public safety 20,314,535 22,306,240 23,282,634 23,880,635 23,797,696
Highways and streets 13,894,865 17,182,208 20,196,4% 20,368,655 15,969,371
Health and welfare 1,887,417 1,816,800 1,689,353 1,869,428 3,615,077
Culture and leisure services 10,074,239 14,080,040 12,200,759 11,563,136 10,757,355
Community development 8,553,887 11,157,417 8,276,993 7,175,272 5,112,469
Total governmental activities 59,665,529 75,409,463 73,436,521 73,578,671 67,648,167
Program revenues:
Governmental activities:
Charges for services:
General government 4,011 208,247 216,334 215,711 219,386
Police
Fire
Public works
Parks and community service
Economic development
Public safety 1,270,233 2,284,955 1,301,328 1,545,935 1,600,890
Highways and streets 2,167,740 745,727 13,794 598,542 8,078,369
Health and welfare 2,092,566 2,483,619 3,301,877 3,050,719 2,798,092
Culture and leisure services 1,751,965 1,508,752 1,722,627 1,719,501 2101,867
Community development 6,629,383 9,432,854 5,599,417 4,720,221 3,775,102
Operating grants and contributions 238,053 2,813,079 2,747,497 2,245,945 2,229,043
Capital grants and contributions 18,900,426 25,973,730 37,393,930 14,599,068 12,254,443
Total governmental activities 33,054,377 45,450,963 52,296,804 28,695,642 33,057,192
Net revenues(expenses): $ (26,611,152) $ (29,958,500) $ (21,139,717) $ (44,883,029) $ (34,590,975)
General revenues and other changes in net assets:
Governmental activities:
Taxes:
Property taxes 16,891,670 20,266,216 22,229,039 23,311,587 22,287,783
Special assessment taxes
Sales tax 14,363,863 14,025,869 14,225,661 12,832,417 12183,267
Other taxes 3,343,943 3,508,587 3,504,501 2,180,846 3,201,219
Motor vehicle tax,unrestricted 856,766 261,276 197,245 160,242 141,221
Investment income,unrestricted 2,505,911 4,053,187 4,399,908 4,266,601 758,016
Other general revenues 280,386 1,109,734 1,202,074 461,137 1,106,163
Total governmental activities 38,242,539 43,224,869 45,758,428 43,212,830 39,677,669
Changes in net assets $ 11,631,387 $ 13,266,369 $ 24,618,711 $ (1,670,199) $ 5,086,694
Data Source:City of Dublin Administrative Services Department
166
2011 2012 2013 2014 2015
$ 9,322,322 $ 10,116,219 $ 10,265,476 $ 17,665,221 $ 10,774,480
15,325,113
12,198,769
15,336,225
12,149,716
679,313
24,413,496 26,781,283 26,846,045 27,770,111
10,142,946 6,709,217 7,241,263 4,305,390
12,749,042 146,204 3,753,875 4,057,796
9,304,429 9,804,128 10,772,868 9,018,161
5,482,552 6,089,415 9,979,877 9,169,788 5,713,196
71,414,787 59,646,466 68,859,404 71,986,467 72,176,812
225,109 140,418 142,353 153,544 5,777,971
399,802
1,746,581
2,978,235
3,009,383
1,821,404 1,061,352 2482,060 2,164,085
450,937 738,662 470,063 484,801
2,874,952 3,063,223 3,422,782 3,631,344
2,214,407 1,909,812 2,463,146 2,753,911
5,546,417 9,051,970 9,540,241 10,393,367 7,657,467
2,220,247 1,008,318 1,135,050 1,674,815 955,677
15,745,614 23,668,070 28,689,753 20,914,994 21,931,981
31,099,087 40,641,825 48,345,448 42,170,861 44,457,097
$ (40,315,700) $ (19,004,641) $ (20,513,956) $ (29,815,606) $ (27,719,715)
21,918,484 22,246,360 23,590,102 25,286,308 29,437,951
1,264,204
12,969,119 14,996,932 15,359,340 17,833,314 19,211,823
3,798,515 4,295,675 5,054,257 5,427,627 6,159,654
250,974
536,047 865,719 (399,590) 853,147 550,272
1,079,419 1,389,349 4,938,165 316,785 3,163,387
40,552,558 43,794,035 48,542,274 49,717,181 59,787,291
$ 236,858 $ 24,789,394 $ 28,028,318 $ 19,901,575 $ 32,067,576
167
v
City of Dublin
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2006 2007 2008 2009 2010
General Fund
Reserved $ 2,080,678 $ 5,741,942 $ 5,623,014 $ 5,343,610 $ 5,922,446
Unreserved,designated for:
Advance to TVTD W.BART station contribution - - - - 1,000,000
Affordable Housing 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Authorized expenditures 38,860,039 44,328,550 42,181,292 34,474,209 3,960
Capital improvements 5,985,440 4,258,539 8,884,334 11,049,175 7,394,088
Cash Flow&Operation Stability - - - - 8,860,000
Catastrophic Loss&Business Recovery - - - - 8,420,000
Capital Improvements Projects Carryover - - - - 203,507
Compensated Absences - - 744,041 791,582 802,311
Economic Uncertainty 2,970,720 2,970,722 2,970,722 5,868,847. 5,868,847
Emergency Communication System - - - 210,000 1,000,000
Fire Retiree Medical - - 500,000 750,000 4,500,000
Innovation&New Opportunities - - - - 13,000,000
Investment Market Value Adjustment - - 1,508,906 2,334,061 1,516,569
Operation Carryover - - - 301,874 171,100
Service Continuity Obligation - - - - 1,350,000
Unreserved,undesignated - - - - -
Non-Spendable - - - - -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - - - -
Total general fund $ 50,896,877 $ 58,299,753 $ 63,412,309 $ 62,123,358 $ 61,012,828
All Other Governmental Funds
Reserved $ 48,140,467 $ 43,485,046 $ 50,789,419 $ 34,570,414 $ 25,004,384
Unreserved,designated,reported in
Special revenue funds
Capital projects funds
Undesignated (1,893,598) (1,791,762) (1,837,021) (1,841,336) (3,168,929)
Non-Spendable - - - - -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - -
Total all other governmental funds $ 46,246,869 $ 41,693,284 $ 48,952,398 $ 32,729,078 $ 21,835,455
Total All Governmental Funds $ 97,143,746 $ 99,993,037 $112,364,707 $ 94,852,436 $ 82,848,283
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,
exduding 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.
168
2011 2012 2013 2014 2015
$ - $ - $ - $ - $
4,096,768 3,433,886 2,836,130 2,465,678 1,475,691
- - 500,000 500,000 500,000
27,893,755 24,176,650 36,020,171 34,124,267 38,531,179
17,407,053 22,080,677 23,912,896 29,259,333 35,875,264
14,745,685 15,072,535 14,047,932 13,228,484 21,324,360
$ 64,143,261 $ 64,763,748 $ 77,317,129 $ 79,577,762 $ 97,706,494
$ - $ - $ - $ - $ -
21,453,867 38,073,638 53,646,702 61,710,448 75,646,848
- - - 21,743
(1,735,988) (1,358,914) (1,098,607) (923,409) (930,131)
$ 19,717,879 $ 36,714,724 $ 52,548,095 $ 60,787,039 $ 74,738,460
$ 83,861,140 $ 101,478,472 $ 129,865,224 $ 140,364,801 $ 172,444,954
169
City of Dublin
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2006 2007 2008 2009 2010
Revenues:
Property taxes $16,891,670 $20,266,213 $22,229,039 $23,306,302 $22,286,209
Taxes other than property 18,014,431 17,967,499 18,188,593 15,436,466 15,783,099
Intergovernmental 2,593,336 2,845,936 3,431,314 2,393,153 7,951,237
Licenses and permits 3,142,223 2,572,069 1,784,644 1,623,029 2,260,364
Charges for services 7,090,105 9,476,984 8,101,935 7,759,628 7,100,403
Investment income 2,859,433 5,840,949 6,101,736 5,597,303 1,475,308
Use of property 123,154 203,240 335,151 989,081 1,491,413
Fines and forfeitures 340,336 342,098 360,496 318,737 312,778
Developer fees 17,018,274 8,618,271 18,226,041 1,875,841 4,387,339
Special assessments 645,230 716,144 797,520 826,717 868,348
Other revenues 826,715. 960,534 2,497,249 3,312,774 1,778,477
Total revenues 69,544,907 69,809,937 82,053,718 63,439,031 65,694,975
Expenditures
Current
General government 4,983,006 5,619,088 5,590,247 6,047,115 8,957,744
Police
Fire
Public works
Parks and community service
Economic development
Public safety 20,542,375 22,148,312 23,629,954 23,951,223 24,241,160
Highways and streets 2,536,127 2,726,599 2,719,532 3,168,513 2,985,311
Health and welfare 1,906,950 1,626,197 1,706,918 1,888,631 3,653,297
Culture and leisure services 5,948,563 6,874,596 7,207,896 7,621,663 7,267,805
Community development 8,199,933 8,173,711 8,335,105 7,364,651 5,300,211
Capital outlay:
General 666,160 377,026 411,293 4,221,956 742,754
Health and welfare - 75,526 - - -
Community improvements 838,618 95,672 218,058 68,236 82,333
Culture and leisure - - - - -
Parks 10,189,487 10,711,807 8,820,229 9,409,692 10,706,350
Stets 7,102,450 5,532,110 11,042816 13,742,919 13,762,167
Debt service:
Principal - - - - -
Total expenditures 62,913,669 63,960,644 69,682,048 77,484,599 77,699,132
Excess(deficiency of revenues over(under)
expenditures 6,631,238 5,849,293 12,371,670 (14,045,568) (12004,157)
Other financing sources(uses):
Transfers in 21,789 90,399 77,528 26,232 25,777,410
Transfers out (21,789) (90,399) (77,528) (26,232) (25,777,410)
Total other financing
sources(uses) - - - - -
Net change in fund balances $ 6,631,238 $ 5,849,293 $ 12,371,670 $ (14,045,568) $ (12,004,157)
Debt service as a percentage of
noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0%
Data Source:City of Dublin Administrative Services Department
170
2011 2012 2013 2014 2015
$22,067,074 $22,398,847 $23,742,336 $25,448,254 $29,437,951
17,210,947 19,761,015 20,915,025 23,769,133 25,371,476
3,946,271 3,962,572 4,534,748 2,574,159 3,245,822
2,752,748 4,501,736 5,224,932 5,944,985 6,025,685
8,743,460 10,331,501 11,979,079 12,326,848 13,737,934
952,819 1,068,138 (185,467) 1,101,634 1,071,936
978,642 659,857 580,507 1,591,784 2,352,810
303,595 284,993 326,027 323,601 320,629
9,390,001 15,965,329 19,545,692 15,757,068 18,578,172
904,739 944,455 980,775 1,025,239 1,264,201
4,135,091 4,509,762 9,134,201 2,712,998 3,473,012
71,385,387 84,388,205 96,777,855 92,575,703 104,879,628
7,935,407 7,001,850 7,600,102 8,411,507 10,663,140
15,697,432
11,930,245
8,481,686
9,731,003
808,272
24,546,456 26,298,962 26,643,549 27,381,497
3,030,540 2,768,068 3,096,498 3,042,476
12,775,536 4,422,468 4,149,599 4,379,634
7,223,808 8,248,229 8,919,816 9,349,729
5,609,603 7,362,732 8,586,129 9,102,734 6,059,180
599,965 6,641,674 8,866,096 13,316,472 1,241,494
328,418 213,777 81,234 21,497 68,190
- 996,669 2,324,586 9,451,657 4,742,328
3,809,723 - - - -
4,513,072 2,959,555 4,946,527 2,403,926 3,568,142
70,372,528 66,913,984 75,214,136 86,861,129 72,991,112
1,012,859 17,474,221 21,563,719 5,714,574 31,888,516
9,163,360 10,898,009 16,338,838 25,192,268 9,625,456
(9,163,360) (10,754,898) (9,515,805) (20,385,523) (9,455,561)
- 143,111 6,823,033 4,806,745 169,895
$ 1,012,859 $ 17,617,332 $ 28,386,752 $ 10,521,319 $ 32,058,411
0.0% 0.0% 0.0% 0.0% 0.0%
171
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CITY OF DUBLIN.CALIFORNIA
Assessed Value of Taxable Property
Last Ten Fiscal Years
Fiscal
Year Real Property Net Taxable
Ended Residential Commercial Industrial Unsecured/ Less: Assessed City Wide Avg.
June 30 Property Property Property Other Property Exemptions Value Total Direct Tax Rate
2006 S 4,520,222,157 S 1,052,701,438 S 162,182,398 S 652,279,788 $(77,085,570) S 6,310,300,211 0.2390%
2007 5,345,937,692 1,068,813,294 161,909,866 873,737,282 (80,274,178) 7,370,123,956 0.2387%
2008 5,870,526,565 1,112,837,055 171,673,012 1,072,734,321 (78,188,899) 8,149,582,054 0.2385%
2009 6,203,330,781 1,241,301,664 198,082,746 1,032,449,487 (36,478,516) 8,638,686,162 0.2385%
2010 5,868,488,395 1,326,481,267 212,939,326 983,426,713 (49,873,361) 8,341,462,340 0.2386%
2011 5,967,980,343 1,285,382,821 209,573,141 843,686,092 (115,875,189) 8,190,747,208 0.2386%
2012 6,114,540,497 1,263,207,583 246,434,460 859,683,607 (120,225,737) 8,363,640,410 0.2386%
2013 6,378,930,469 1,330,147,064 245,481,519 948,525,966 (112,296,063) 8,790,788,955 0.2380%
2014 7,135,260,308 1,336,760,537 246,334,563 1,035,990,618 (111,067,996) 9,643,278,030 0.2373%
2015 8,431,051,125 1,391,578,857 274,410,187 1,138,571,747 (121,616,290) 11,113,995,626 0.2367%
Source: T•IDL Coren&Cone and Alameda County Assessor Combined Tax Rolls,2005/06 through 2014/15
Note: Actual property value data not available in California.
(1) California cities do not set their own direct tax rate.The state constitution establishes the rate at 1%and allocates a portion
of that amount by an annual calculation,to all the taxing entities within a tax rate area.
(2) The City-wide Direct Tax Rate is an average,the actual tax rate for each property varies according to its tax rate area.This average tax
rate is net of State Shifts of local property tax revenue to Education and net of Admin fees.
173
CITY OF DUBLIN.CALIFORNIA
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(Rate per$100 of assessed value)
City Direct Rates Overlapping Rates(1)
Castro Valley Chabot-Las Positas Dublin
Fiscal Basic Total Bay Area Unified Community Unified
Year Levy Direct Rapid Transit School Bonds College Boards Bonds 1A&B
2005-06 1.00000 0.23900 0.00480 0.07180 0.01580 0.08170
2006-07 1.00000 0.23870 0.00500 0.08110 0.01590 0.08850
2007-08 1.00000 0.23850 0.00760 0.09720 0.01640 0.08500
2008-09 1.00000 0.23850 0.00900 0.09690 0.01830 0.07320
2009-10 1.00000 0.23860 0.00570 0.10230 0.01950 0.08160
2010-11 1.00000 0.23860 0.00310 0.10040 0.02110 0.10110
2011-12 1.00000 0.23860 0.00410 0.09890 0.02140 0.09700
2012-13 1.00000 0.23796 0.00430 0.09240 0.02190 0.09930
2013-14 1.00000 0.23730 0.00750 0.08510 0.02140 0.11470
2014-15 1.00000 0.00237 0.00450 0.08520 0.02170 0.10770
Source: HDL Coren&Cone and Alameda County Assessor Combined Tax Rolls,2004/05 through 2013/14
(1)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.These are voter approved levies in addition to
the 1%State levy.
(2)The City's share of the 1%Levy is based on the City's share of the general fund tax rate area with the largest
net taxable value within the City.
174
East Bay Flood Zone 7 Livermore Valley Total City's Share
Regional State Water Joint Unified Direct&Overlapping of 1%Levy per
Park Bonds School Board Tax Rate Proposition 13
0.00570 0.01300 0.08300 1.27580 0.2818
0.00850 0.01510 0.06920 1.28330 0.2818
0.00800 0.01500 0.06260 1.29180 0.2818
0.01000 0.01690 0.06160 1.28590 0.2818
0.01080 0.02030 0.06740 1.30760 0.2818
0.00840 0.02500 0.06350 1.32260 0.2818
0.00710 0.03070 0.06270 1.32190 0.2818
0.00510 0.02280 0.06070 1.30650 0.2818
0.00780 0.02570 0.05960 1.32180 0.2818
0.00850 0.02500 0.04970 1.30230 0.2817
175
CITY OF DUBLIN.CALIFORNIA
Principal Property Tax Payers
Current year and Nine Years Ago
2014-15 2005-06
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
Turst NOIP Dublin LP $ 152,798,425 1 1.40%
4800 Tassajara Road Apartments Investors 113,834,785 2 1.05%
Dublin Station Owner,LLC 106,015,080 3 0.97%
Dublin Corporate Center Acquisitions 100,576,750 4 0.92%
Bere Island Properties I,LLC 87,634,958 5 0.81%
Tishman Speyer Archstone Smith Emerald 84,204,834 6 0.77%
Ross Dress for Less,Inc. 75,034,787 7 0.69%
Bit Holdings Sixty-Three Inc. 75,080,421 8 0.69%
Kaiser Foundation Hospitals 66,110,266 9 0.61%
Essex Dublin Owner LP 65,728,948 10 0.60%
Shops at Waterford LLC $ 120,381,158 1 1.91%
Toll California II Limited Partnership 117,145,829 2 1.86%
Bit Holdings Fifty Six Inc 116,782,555 3 1.85%
Acre Dublin LLC 107,483,658 4 1.70%
Chang Lin,Et.Al 102,180,876 5 1.62%
Bere Island Properties I LLC Et.Al. 77,853,684 6 1.23%
Bit Investment Eleven Limited Partnership 65,943,000 7 1.05%
Capital Pacific Security Trust 64,450,852 8 1.02%
Cisco Systems Inc. 62,425,500 9 0.99%
Park Sierra LLC 45,618,596 10 0.72%
Subtotal $ 927,019,254 8.51% $ 880,265,708 13.95%
Source:HDL Coren&Cone and Alameda County Assessor Combined Tax Rolls
176
CITY OF DUBLIN.CALIFORNIA
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal
Year Total Taxable Collections within Fiscal Year of Levy:
Ended Assessed Total Gross Less Prior Less Net Percent
June 30 Value Tax rate Tax Levy(1) Collections(2) Year(3) In-Lien Collection(4) of Levy
2006 $6,310,300,211 0.2390 $ 15,081,618 S 16,775,906 $ (378,910) $ (2,599,432) S 13,797,564 91%
2007 7,370,123,956 0.2387 17,592,486 21,199,390 (368,414) (3,034,577) 17,796,399 101%
2008 8,149,582,054 0.2385 19,436,753 23,229,544 (619,886) (3,352,904) 19,256,754 99%
2009 8,638,686,162 0.2385 20,603,266 24,388,892 (1,050,294) (3,524,237) 19,814,361 96%
2010 8,341,462,340 0.2386 19,902,729 23,517,751 (1,073,440) (3,401,946) 19,042,366 96%
2011 8,190,747,208 0.2386 19,543,123 23,503,540 (729,274) (3,340,371) 19,433,895 99%
2012 8,363,640,410 0.2386 19,955,646 23,805,376 (571,013) (3,410,185) 19,824,178 99%
2013 8,790,788,955 0.2380 20,918,561 25,420,484 (598,163) (3,584,445) 21,237,877 102%
2014 9,643,278,030 0.2373 22,883,947 27,459,463 (511,177) (3,932,136) 23,016,150 101%
2015 11,113,995,626 0.2367 26,305,755 31,730,863 (506,331) (4,531,787) 26,692,745 101%
Source:Alameda County Office of the Auditor-Controller,HDL Coren&Cone,and City of Dublin Administrative Services Department
(1)Total Taxable Assessed Value at Citywide Average Total Direct Tax Rate:this is the levy after the ERAF deduction
(2)Gross Collection includes Secured,Unsecured,Unitary/Supplemental,Penalties,and In-Lieu Property Tax
(3)Alameda County does not provide delinquent tax collection data by levy year or distinguish between delinquent taxes and penalties and
interest,so the amounts shown in the delinquent tax collections column include the delinquency collections for all prior years,including
penalties and interest,that were remitted to the City in each fiscal year
(4)Net Collection removes Prior Year Collections,Penalties,and In-Lieu Property Taxes
177
CITY OF DUBLIN.CALIFORNIA
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
Fiscal Notes,Capital
Year Lease and Total Total Percentage Debt
Ended Mortgage Governmental Primary of Personal Per
June 30 Payable Activities Governments income Capita
2006
2007
2008
2009
2010
2011
2012
2013 $6,755,824 $6,755,824 $6,755,824 $156
2014 6,128,806 6,128,806 6,128,806 N/A
2015 5,749,811 5,749,811 5,749,811 N/A
Sources: (1)United States Census Bureau,most recent data available November 2014.
Personal Income at June 30,2014 not available.
(2)City of Dublin Administrative Services Department.
178
CITY OF DUBLIN,CALIFORNIA
Direct and Overlapping Debt
June 30,2015
Total Property Tax Assessed Value of Taxable Property
Percentage
Outstanding Debt Applicable to Estimated Share of
6/30/2015 City of Dublin a) Overlapping Debt
OVERLAPPING TAX AND ASSESSMENT DEBT:
Bay Area Rapid Transit District $ 630,795,000 1.9820% S 12,502,356.90
Chabot-Las Posits,Community College District 426,226,042 11.457% 48,832,717.63
Dublin Joint Unified School District 272,344,336 99.975% 272,276,249.92
East Bay Regional Park District 176,790,000 3.002% 5,307,235.80
City of Dublin 1915 Act Bonds - -
California Statewide Communities Development Authority 1915 Act Bonds 992,795 100.0% 992,795
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT $ 339,911,355.25
DIRECT AND OVERLAPPING OTHER DEBT
Alameda County General Fund Obligations 869,204,500 5.041% 43,816,599
2012 Chevron Energy Capital Lease Obligations 6,766,000 100.0% 6,766,000
Alameda County Pension Obligations 67,164,225 5.041% 3,385,749
Alameda-Contra Costa Transit District Certificates of Participation 24,790,000 0.167% 41,399
S 54,009,746.73
TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT $ 393,921,101.98
COMBINED TOTAL DEBT(2) $ 393,921,101.98
RATIOS TO ASSESSED VALUATION:
Direct Debt .0.00%
Total Direct and Overlapping Tax and Assessment Debt 3 06%
Combined Total Debt 3 54%
Source: California Municipal Statistics,Inc.
Notes:
(l) The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were
estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the
district's total taxable assessed value.
(2) Excludes tax and revenue anticipation notes,enterprise revenue and mortgage revenue.
179
CITY OF DUBLIN,CALIFORNIA
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
2005-06 2006-07 2007-08 2008-09
Debt limit $ 239,526,967 $ 279,389,930 $ 308,541,411 $ 325,318,675
Total net debt applicable to limit - - -
Legal debt margin $ 239,526,967 $ 279,389,930 $ 308,541,411 $ 325,318,675
Total net debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0% 0.0%
(1) Source: City of Dublin Administrative Services Department
(2) The legal debt margin for the City of Dublin,California,is calculated using a debt limit of 15 percent of the
assessed value of property within the City limits.(Gov Code of State of California)
(3)The government code provision was enacted when assessed valuation was based upon 25%of market
value.Effective with the 1981-82 fiscal year,each parcel in now assessed at 100%of market value(as of the
most recent change in ownership parcel)in ownership for that parcel.)The computations shown above
reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective
to the 25%level that was in effect at the time that the legal debt margin was enacted by the State of California
for local governments located within the state.
180
Legal Debt Margin Calculation for Fiscal Year 2014-15
Assessed value(net)-June 30,2015(1) $ 11,113,995,626
Debt limit: 15%of assessed value 1,667,099,344
Less total bonded debt,general obligation -
Legal debt margin(2) $ 1,667,099,344
Conversion Percentage for Calculation of Debt Limit(3) 25%
$ 416,774,836
Fiscal Year
2009-10 2010-11 2011-2012 2012-13 2013-14 2014-15
$ 314,675,089 $ 311,498,340 $ 318,144,981 $ 333,865,688 $ 361,622,926 $ 416,774,836
$ 314,675,089 $ 311,498,340 $ 318,144,981 $ 333,865,688 $ 361,622,926 $ 416,774,836
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
181
CITY OF DUBLIN.CALIFORNIA
Demographic And Economic Statistics
Last Ten Calendar Years
(Dollars in Thousands)
Per Capita Rank in Size
Fiscal City Personal Personal Unemployment of
Year Population(1) Income,in thousands(1) Income (1) Rate(2) California Cities(1)
2005 39,774 $ 1,477,082 $ 37,137 3.1% 192
2006 41,848 1,719,669 41,093 2.6% 190
2007 43,563 1,904,687 43,723 2.8% 184
2008 46,869 2,077,720 44,330 3.7% 180
2009 47,953 2,034,463 42,426 6.5% 179
2010 45,672 1,700,094 34,823 6.9% 179
2011 46,785 1,677,944 35,865 6.3% 182
2012 49,890 1,819,688 36,474 4.2% 175
2013 53,462 2,321,908 43,431 3.5% 181
2014 54,695 2,333,289 42,660 3.6% 185
Sources: (1)United States Census Bureau,most recent data available November 2014
(2)Bureau of Labor Statistics-Unemployment Rate as of June 30,2014
182
CITY OF DUBLIN.CALIFORNIA
Property Value,Construction,and Bank Deposits
Last Ten Fiscal Years
Total Number of Commercial Residential
Fiscal Year Ended Building Permits Construction Value Construction Value
30-Jun Issued(1) (1) (1) Bank Deposits(2)
2006 1199 $ 96,389,754 $ 207,862,999 $ 915,006,000
2007 1214 56,832,941 178,094,884 985,835,000
2008 1333 18,256,381 59,647,886 981,685,000
2009 1101 23,968,805 63,242,418 1,094,869,000
2010 1345 17,407,699 124,930,163 1,051,570,000
2011 1471 40,005,124 165,324,045 1,281,183,000
2012 2110 28,775,536 344,927,791 N/A
2013 2425 21,139,964 386,984,935 N/A
2014 2443 57,812,261 322,511,777 N/A
2015 2068 60,793,275 295,988,465 N/A
Source: 1)City of Dublin Community Development Department
2)Findley Reports,Inc Bank Deposits represents the amount of cash deposits held by financial
institutions within the city annually,Jan thru Dec.
183
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CITY OF DUBLIN,CALIFORNIA
Principal Employers
Current Year and Prior Year
(Dollars in thousands)
2014 2015
Estimated Estimated
Number of Number of
Employer Employees Rank Employees Rank
United States Government
&Federal Correction Institute 2,100 1 2,100 1
Ross Stores Headquarters 1,200 2 1,200 2
Dublin Unified School District 733 3 1,117 3
SAP(Formerly:Sybase Corporation) 604 4 604 4
Zeiss Meditec 535 5 535 5
County of Alameda 465 6 465 6
Target Stores 412 7 388 7
Callidus Cloud N/A N/A 350 8
Micro Dental Laboratories 242 8 N/A N/A
De Silva Gates Construction N/A N/A 300 9
Safeway 284 9 284 10
City of Dublin 221 10 N/A N/A
Subtotal 6,796 7,343
Total City Day Population
Source:City of Dublin Economic Development Department
185
CITY OF DUBLIN CALIFORNIA
Full-Time Equivalent City and Contract Government Employees by Function
Last Ten Fiscal Years
Adopted for Fiscal Year Ended June 30,
2006 2007 2008 2009
Function
General government
City Manager 7.17 6.25 6.50 6.50
Administrative Services 11.50 11.50 12.00 12.00
Central Services&
Building Management 3.43 3.75 3.51 3.52
Public Safety
Police 57.00 59.00 61.00 61.00
Fire 40.25 40.25 40.75 40.78
Disaster Preparedness 0.33 0.33 0.50 0.50
Transportation
Public Works 6.50 7.50 8.50 8.50
Streets Maintenance 10.14 10.57 10.73 9.93
Health and welfare
Environmental
Housing 1.75 1.75 1.75 2.90
Waste Management 0.33 0.33 0.33 1.33
Culture and leisure services
Parks Community Services 14.00 14.00 15.50 16.00
Park Maintenance 9.10 9.53 9.55 9.92
Parks/Facilities Management 2.00 2.00 2.00 2.00
Library Services 0.51 0.48 0.45 0.43
Heritage&Cultural Arts 2.30 2.32 2.53 2.49
Community Development
Planning&Building 34.50 33.90 32.50 27.10
Economic Development 1.00 1.00 1.00 1.50
Engineering 13.35 13.35 13.35 12.35
Total 215.16 217.81 222.45 218.75
Source: City of Dublin Administrative Services Department
Note:Include Full Time,Part Time,Temporary,and Contract Employees
186
Adopted for Fiscal Year Ended June 30,
2010 2011 2012 2013 2014 2015
6.00 6.00 6.50 6.50 6.50 6.34
11.50 11.50 11.50 11.50 11.75 11.75
3.18 3.32 3.57 3.09 3.45 3.95
61.00 59.00 59.00 59.00 60.00 59.00
39.77 39.74 39.64 39.64 39.64 39.64
0.50 0.46 0.46 0.59 0.59 0.33
6.45 5.45 5.45 5.45 5.48 5.88
9.18 9.85 9.85 10.08 10.32 11.60
2.50 2.50 3.00 2.59 2.59 1.50
3.20 3.00 2.25 2.25 2.50 2.50
0.33 0.33 0.33 1.08 1.08 1.83
16.60 15.60 15.55 16.25 15.50 16.81
9.65 8.94 9.36 10.10 11.65 13.07
2.00 2.00 2.25 2.25 3.45 4.30
0.39 0.42 0.42 0.37 0.37 0.38
2.47 3.59 3.26 3.70 5.92 4.40
19.05 19.25 20.95 22.45 23.45 24.45
1.50 1.50 2.50 2.50 3.50 3.50
9.00 8.00 9.00 9.00 9.00 8.00
204.27 200.45 204.84 208.39 216.74 219.23
187
CITY OF DUBLIN CALIFORNIA
Operating Indicators by Function/Program
Last Ten Fiscal Years
Fiscal Year
Function/Program 2006 2007 2008 2009
Police:
Calls for Service 46,197 41,306 41,652 38,983
Citations Issued 10,595 11,676 11,768 7,086
Arrests 2,020 1,668 2,021 1,620
Fire:
Emergency calls 1,771 1,780 1,978 1,969
Inspections 4,122 4,048 2,213 1,952
Building Plan Reviews and Consultations 1,006 1,049 922 511
Public Works:
Bice Path Maintenance(hours) 726 810 775 775
Street Sign Maintenance(number of signs) 435 427 135 74
Curb Painting(linear feet) 3,991 4,006 2,468 2,395
Replace Street Asphalt(square feet) 7,950 13,800 33,000 29,000
Street Sweeping(curb miles) 5,730 5,927 6,075 6,341
Parks and Community Services:
Museum Visitors 1,350 2,140 2,225 2,040
Afterschool Recreation(participants/day) 138 153 180 167
Preschool Classes Participants 285 254 399 402
Youth Basketball League Participants 580 588 570 591
Senior Center Average Daily Attendance 149 180 185 190
Community Development:
Planning Applications 59 55 55 64
Building Permits 1,855 1,910 1,333 1,101
Building Inspections 34,244 36,071 25,602 12,302
Source:City of Dublin
188
Fiscal Year
2010 2011 2012 2013 2014 2015
38,125 39,474 38,580 34,966 34,567 32,496
10,101 9,023 9,229 8,699 8,530 7,175
1,556 1,624 1,542 1,419 1,934 1,091
1,999 2,244 2,323 2,688 2,859 2,667
3,576 2,833 3,308 3,538 3,664 3,948
474 498 1,319 1,492 1,561 1,072
697 603 625 668 749 416
325 258 313 205 426 368
6,607 5,464 6,523 6,400 5,808 32,512
30,000 57,000 26,000 37,000 18,112 15,800
5,083 5,294 5,519 5,901 5,931 5,953
3,530 3,680 4,415 8,612 8,256 5,272
176 240 27 228 322 364
690 628 610 571 430 327
772 710 729 812 911 994
198 206 217 211 220 233
62 66 62 77 59 56
1,345 1,471 2,110 2,425 2,443 2,068
8,933 11,308 15,961 26,045 22,345 20,197
189
CITY OF DUBLIN.CALIFORNIA
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Fiscal Year
2006 2007 2008 2009
Function/Program
Public safety:
Police stations 1 1 1 1
Fire stations 3 3 3 3
Public works:
Street Lights 3,752 3,972 4,193 4,479
Miles of Streets 81 104 93 103
Miles of curbs 202 217 217 218
Traffic Signals 67 75 79 81
City Street Trees 6,084 6,084 6,084 6,499
City Landscape(acres) 45 45 45 45
Parks and recreation:
Number of Community Facilities 7 7 7 7
Number of City Parks 11 11 16 16
Acres of City Parks 109 109 122 201
Acres of Open Space 126 126 122 125
Source:City of Dublin
*The Street Lights count for FY2011 is the same as reported in FY2010.Comparable data is not
available at the time the report is prepared.
190
Fiscal Year
2010 2011 2012 2013 2014 2015
1 1 1 1 1 1
3 3 3 3 3 3
4,526 3,780 4,281 4,354 4,513 4,520
105 113 115 116 120 120
222 223 237 242 248 248
85 85 89 91 93 93
7,054 7,418 7,268 7,408 7,477 7,521
57 57 65 67 69 70
7 7 7 7 7 6
16 18 18 18 20 20
201 209 209 209 220 220
125 125 125 125 125 125
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Alsoomma
CITY OF DUBLIN.CALIFORNIA
Top 25 Sales Tax Producers
2014-15
Business Name Business Category
Dublin Toyota Motor Vehicle Dealer
Dublin Buick/Cadillac/Chevrolet/GMC Motor Vehicle Dealer
Graybar Electric Electrical Equipment
Dublin Honda Motor Vehicle Dealer
Target Discount Department Store
Stoneridge Chrysler/Jeep/Dodge Motor Vehicle Dealer
Dublin Nissan Motor Vehicle Dealer
Dublin Mazda Motor Vehicle Dealer
Lowes Lumber/Building Materials
Best Buy Electronics/Appliances Stores
Dublin Hyundai Motor Vehicle Dealer
Dublin Volkswagen Motor Vehicle Dealer
Epicor Software Office Supplies/Furniture
Safeway Grocery/Liquor Store
Sky River RV Trailers/RVs
Safeway Gas Service Stations
Carl Zeiss Opthalmic Systems Medical/Biotech
Bed Bath&Beyond Home Furnishings
Toys R Us Specialty Stores
Alameda County Auction Motor Vehicle Dealer
Shell Service Service Stations
Alcosta Shell Service Stations
TJ Maxx Family Apparel
Lazy Dog Restaurant Restaurants
HD Supply Lumber/Building Materials
Source:Hinderliter,de Llamas&Associates,State Board of Equalization
192
CITY OF DUBLIN.CALIFORNIA
Miscellaneous Statistical Data
June 30,2015
General
Date of Incorporation February 1, 1982
Form of Government Council/Manager
Total Population (Estimated per the California Department of Finance,January 1,2015) 51,784
Number of Registered Voters 22,890
Employees,City,and Contract(Full Time Equivalent) 220.23
Area(Square Miles) 14.91
Parks and Recreation
Parks 20
Acres in Parks 220
Acres in Open Space 125
Public Education
Elementary Schools 7
Middle Schools 2
High School 1
Continuation High School 1
Education Center 1
School Enrollment 9,255
Police Protection
Number of Stations 1
Police Personnel(Full Time Equivalent) 59
Fire Protection
Number of Stations 3
Fire Personnel(Full Time Equivalent) 39.91
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
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