Agenda packet — Colma City Council, March 22, 2023 (part 1 of 2)

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AGENDA

REGULAR MEETING

CITY COUNCIL OF THE TOWN OF COLMA
Wednesday, March 22, 2023
7:00 PM
The City Council, staff and members of the public may participate in the meeting in person at Town Hall or virtually via Zoom Video Conference.

To attend the meeting in person:

Town Hall, Council Chamber, 1198 El Camino Real, Colma CA 94014 To participate in the meeting via Zoom Video Conference:

Join Zoom Meeting: https://us02web.zoom.us/j/81289976261 Passcode: 074407
Meeting ID: 812 8997 6261
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Passcode: 074407
To provide Public Comment in person:

Members of the public wishing to speak are requested to complete a yellow speaker card and submit it to the City Clerk. Comments should be kept to three minutes or less.

To provide Public Comment via Zoom Video Conference:

Live verbal public comments may be made by requesting to speak using the “raise hand” feature in Zoom or, if calling in by phone, by pressing *9 on the telephone keypad prior to the consent calendar being heard, or prior to the close of the public comment period for agenda items or non-agenda items. In response, the Town will unmute the speaker and allow them to speak up to three minutes.

To provide Public Comment in writing:

Members of the public may provide written comments by email to the City Clerk at [email protected]
before the meeting. Emailed comments should include the specific agenda item on which you are commenting or note that your comment concerns an item that is not on the agenda. The length of the emailed comment should be commensurate with the three minutes customarily allowed for verbal comments, which is approximately 250-300 words.

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PLEDGE OF ALLEGIANCE AND ROLL CALL

ADOPTION OF AGENDA

PRESENTATION
• Board Member Laura Walsh, San Mateo County Mosquito and Vector Control District Board of Trustees

PUBLIC COMMENTS
Comments on the Consent Calendar and Non-Agenda Items will be heard at this time.

Comments on Agenda Items will be heard when the item is called.

CONSENT CALENDAR

1. Motion to Accept the Minutes from the March 2, 2023 Special Meeting.

2. Motion to Accept the Minutes from the March 8, 2023 Regular Meeting.

3. Motion to Adopt a Resolution Accepting Auditor’s Reports and Financial Statements for the Fiscal Year Ending June 30, 2022, Pursuant to CEQA Guideline 15378.

4. Motion Accepting the F Street Retaining Wall Project as Complete, Directing the Director of Public Works to File a Notice of Completion for the Project with the San Mateo County Recorder’s Office.

5. Motion Accepting the 2022 Mission Road Crosswalk Improvement Project as Complete, Directing the Director of Public Works to File a Notice of Completion for the Project with the San Mateo County Recorder’s Office.

6. Motion Accepting the 2022 Annual Report on the Implementation of the General Plan, Including the Housing Element Pursuant to CEQA Guideline 15378.

7. Motion to Adopt a Resolution Approving and Authorizing the City Manager to Execute an Agreement with Mark Thomas in the Amount of $981,737.11 for the El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS) Pursuant to CEQA Guideline 15306.

STUDY SESSION

8. OPEB LIABILITIES UPDATE
This item is for discussion only; no action will be taken at this meeting.

NEW BUSINESS

9. PRESENTATION BY THE RETAIL COACH
Consider: Motion Accepting the Presentation by the Retail Coach.

10. APPROVING THE 2023-25 STRATEGIC PLAN
a. Consider: Motion to Adopt a Resolution Amending Subchapter 1.03 of the Colma Administrative Code, Relating to the Value Based Code of Conduct Pursuant to CEQA Guideline 15061 b. Consider: Motion Approving the 2023-2025 Strategic Plan as Presented by Staff Pursuant to CEQA Guideline 15061.

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REPORTS
Mayor/City Council
City Manager

ADJOURNMENT
The City Council Meeting Agenda Packet and supporting documents are available for review on the Town’s website www.colma.ca.gov or at Colma Town Hall, 1198 El Camino Real, Colma, CA. Persons interested in obtaining an agenda via e-mail should call 650-997-8300 or email a request to [email protected].

Reasonable Accommodation
Upon request, this publication will be made available in appropriate alternative formats to persons with disabilities, as required by the Americans with Disabilities Act of 1990. Any person with a disability, who requires a modification or accommodation to view the agenda, should direct such a request to Pak Lin, ADA Coordinator, at 650-997-8300 or [email protected]. Please allow two business days for your request to be processed.

Minutes – Special Meeting 03.02.23 Page 1 of 2

MINUTES

REGULAR MEETING
City Council of the Town of Colma
Town Hall Council Chamber
1198 El Camino Real, Colma CA
Also Accessible via Zoom.us
Thursday, March 2, 2023
5:00 PM

PLEDGE OF ALLEGIANCE AND ROLL CALL
Mayor del Rosario called the meeting back to order at 5:02 p.m.

Council Present – Mayor Joanne F. del Rosario, Vice Mayor John Irish Goodwin, Council Members Ken Gonzalez, Carrie Slaughter and Helen Fisicaro were all present.

Staff Present – City Manager Brian Dossey, City Attorney Christopher Diaz, Chief of Police John Munsey, Administrative Services Director Pak Lin, Director of Public Works and Planning Brad Donohue, City Planner Farhad Mortazavi, Recreation Services Manager Angelika Abellana and City Clerk Caitlin Corley were in attendance.

The Mayor announced, “Regarding Public Comment: Members of the public who are here in person are requested to complete a yellow speaker card and submit it to the City Clerk.

Those of you on Zoom may make public comments by using the “raise hand” feature in Zoom or, if calling in by phone, by pressing *9 on the telephone keypad. The City Clerk will unmute your microphone and allow you to speak. Comments should be kept to three minutes or less.”

ADOPTION OF THE AGENDA
Mayor del Rosario asked if there were any changes to the agenda. None were requested.

The Mayor asked for a motion to adopt the agenda.

A
ction: Vice Mayor Goodwin moved to adopt the agenda; the motion was seconded by Council Member Gonzalez and carried by the following vote:

Name Voting Present, Not Voting Absent
Aye No Abstain Not Participating
Joanne F. del Rosario, Mayor 
John Irish Goodwin 
Ken Gonzalez 
Carrie Slaughter 
Helen Fisicaro 
5 0
Item #1
Minutes – Special Meeting 03.02.23 Page 2 of 2

STUDY SESSION

1. 2023-2025 STRATEGIC PLAN WORKSHOP
City Manager Brian Dossey presented the staff report. Mayor del Rosario opened the public comment period after each of the five sections to allow members of the public to speak or ask questions, however no members of the public made any comments. Council discussion was held throughout.

This item is for discussion only; no action was taken at this meeting.

ADJOURNMENT
Mayor del Rosario adjourned the meeting at 7:03 p.m.

Respectfully submitted,

Caitlin Corley
City Clerk
Minutes – Regular Meeting 03.08.23 Page 1 of 3

MINUTES

REGULAR MEETING
City Council of the Town of Colma
Town Hall Council Chamber
1198 El Camino Real, Colma CA
Also Accessible via Zoom.us
Wednesday, March 8, 2023
7:00 PM

PLEDGE OF ALLEGIANCE AND ROLL CALL
Mayor del Rosario called the meeting back to order at 7:00 p.m.

Council Present – Mayor Joanne F. del Rosario, Vice Mayor John Irish Goodwin, Council Members Ken Gonzalez, Carrie Slaughter and Helen Fisicaro were all present. Council Member Fisicaro joined via Zoom under the “just cause” teleconferencing provision of the Brown Act.

Staff Present – City Manager Brian Dossey, City Attorney Christopher Diaz, Chief of Police John Munsey, Administrative Services Director Pak Lin, City Planner Farhad Mortazavi, Sustainability Manager Kathleen Gallagher, Building Official Chair Lor, and City Clerk Caitlin Corley were in attendance.

The Mayor announced, “Regarding Public Comment: Members of the public who are here in person are requested to complete a yellow speaker card and submit it to the City Clerk.

ADOPTION OF THE AGENDA
Mayor del Rosario asked if there were any changes to the agenda. None were requested.

The Mayor asked for a motion to adopt the agenda.

A
ction: Vice Mayor Goodwin moved to adopt the agenda; the motion was seconded by Council Member Slaughter and carried by the following vote:

PRESENTATION
• The Mayor presented a proclamation in honor of Women’s History Month.

PUBLIC COMMENTS
Mayor del Rosario opened the public comment period at 7:06 p.m. and seeing no one request to speak, she closed the public comment period.

CONSENT CALENDAR

1. Motion to Accept the Minutes from the February 22, 2023 Regular Meeting.

2. Motion to Approve Report of Checks Paid for February 2023.

Action: Council Member Gonzalez moved to approve the consent calendar items #1 through 5; the motion was seconded by Council Member Slaughter and carried by the following vote:

Name Voting Present, Not Voting Absent
Aye No Abstain Not Participating
Joanne F. del Rosario, Mayor 
John Irish Goodwin 
Ken Gonzalez 
Carrie Slaughter 
Helen Fisicaro 
5 0

STUDY SESSION

3. REACH CODE: BUILDING ELECTRIFICATION AND ELECTRIC VEHICLE CHARGING

INFRASTRUCTURE FOR NEW CONSTRUCTION
Sustainability Manager Kathleen Gallagher presented the staff report along with Farhad Farahmand of TRC. Blake Herrschaft of Peninsula Clean Energy was also present to answer questions. The Mayor opened the public comment period at 7:39 p.m. and seeing no one request to speak, the Mayor closed the public comment. Council discussion followed.

This item is for discussion only; no action was taken at this meeting.

COUNCIL CALENDARING
The next Regular Meeting will be on Wednesday, March 22, 2023 at 7:00pm at Town Hall.

REPORTS
The Mayor reported, “Please join me in congratulating CSO Rickie Breaux! Rickie has been nominated and awarded the Community Service Award by the Peninsula Council of Lions for his work with the veterans of Mercy Housing. Rickie’s efforts both on duty and off have had an immense impact on the lives of the veterans housed in Colma. Rickie will be honored on March 24, 2023 in Foster City at the Peninsula Council of Lions annual Police and Fire Awards Banquet.”
Minutes – Regular Meeting 03.08.23 Page 3 of 3
City Manager Brian Dossey gave an update on the following topics:
 There was a successful ribbon cutting ceremony today for Good Feet in 280 Metro Center.
 Planning Department and Police Department staff held community events at Starbucks and the Colma BART station today to get community input on improvements to the Town’s pedestrian and bicycle infrastructure.

ADJOURNMENT
Mayor del Rosario adjourned the meeting at 8:08 p.m. in memory of Denis McMenomy, father of Colma Dispatcher Monique Kendrick.

Respectfully submitted,

Caitlin Corley
City Clerk

Staff Report Auditor’s Report Fiscal Year 2021-22 Page 1 of 5 S

TAFF REPORT
T
O: Mayor and Members of the City Council
FROM: Pak Lin, Administrative Services Director
VIA: Brian Dossey, City Manager
MEETING DATE: March 22, 2023
SUBJECT: FY 2021-22 Audited Financial Statements and Reports

STAFF RECOMMENDATION
St
aff recommends that the Council adopt:

RE
SOLUTION ACCEPTING AUDITOR’S REPORTS AND FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2022, PURSUANT TO CEQA GUIDELINE 15378.

XECUTIVE SUMMARY
T
he Town engages R.J. Ricciardi, Certified Public Accountants to conduct an audit and review of the Town’s basic financial statements and compliance reports for Measure A and Measure W Transportation Funds for the Fiscal Year Ending, Ju ne 30, 202 2. The firm R.J. Ricciardi retired and converted its existing clients to O’Connor & Company. Additionally, the Auditor has conducted an agreed-upon procedure review of the Town’s Appropriation Limit (Gann Limit) for FY 2022-23.

In the audit and review, the Auditor found that:

1. The Basic Financial Statements present the Town’s financial position in a fair and accurate manner in all material aspects and the auditors did not find any notable deficiencies in the Town’s Internal Control.

2. The Auditor has issued separate compliance report s regarding the receipt and use of Measure A and Measure W Transportation funds , per the request of the County of San Mateo.

3. The Auditor reviewed the Appropriations Limit (Gann Limit) calculation and issued a report which had found no exceptions in the calculations.

As part of the audit, the Auditor provided a Management Report documenting their assessment of the Town’s internal controls over financial reporting. As stated on Page 4 of Attachment C, the auditors found no observations.

Item #3
Staff Report Auditor’s Report Fiscal Year 2021-22 Page 2 of 5

FISCAL IMPACT

This is for reporting purposes. No fiscal impact.

BACKGROUND

The Town’s financial statements are prepared in accordance with the generally accepted accounting principles (GAAP) and reporting requirements of the Governmental Accounting Standard Board (GASB).

For Fiscal Year ending June 30, 2022, the Town engaged O’Connor & Company (previously R.J.

Ricciardi, CPA) to conduct an independent audit and review of the Town’s financial statement for the fiscal year ending June 30, 202 2. The audit includes the agreed -upon procedures, review, and audit of various reports. The Auditor’s opinion on the following reports are attached as B through F.

• The Annual Comprehensive Financial Report (ACFR) for FY 2021-22, • Management Report for FY 2021-22,
• Measure A Fund Component Unit Financial Statements for FY 2021-22, • Measure W Fund Component Unit Financial Statements for FY 2021-22, and • Appropriations Limit Calculation for FY 2022-23.

A representative from the firm will be at the Council meeting to answer any questions the Council may have.

ANALYSIS

Overall, the Town re ceived a “clean” audit for FY 202 1-22 with no adverse findings or recommendations. As part of the audit, O’Connor & Company also assessed the Town’s internal control and noted in Attachment C, FY 2021-22 Management Reports that they did not find any observations.

Report Organization

1. Annual Comprehensive Financial Report (Attachment B).

The Annual Comprehensive Financial Report (ACFR or Annual Report) for Fiscal Year Ending June 30, 202 2 has more content than the previous years’ basic financial statements. The Annual Report is organized into three major sections:

a. I
NTRODUCTORY SECTION has the Table of Contents, Town Officials, and Town Organizational Chart. The Transmittal Letter was adde d in accordance with ACFR guidelines.

Staff Report Auditor’s Report Fiscal Year 2021-22 Page 3 of 5

b. FINANCIAL SECTION contains the Independent Auditors’ Report, Management’s Discussion & Analysis (MD&A), Basic Financial Statements, Notes to Basic Financial Statements, Required Supplemental Information, and Supplementary Information.

Independent Auditors’ Report summarizes the auditors’ responsibility regarding the financial statements, their audit opinion, and other matters and information in the Financial Report.

Management Discussion & Analysis (MD&A) for FY 2021-22 (Pg. 3-17), provides highlights on the Town’s financial condition, overall economic conditions, and a FY 2021-22 Budget overview.

The Financial Section presents the Town’s activities in two formats - Governmental- wide financial statements (Pg. 18-20) and Fund Financial Statements (Pg. 21-28).

• Governmental-wide Financial Statements presents both governmental and business -type activities on full -accrued basis. The reconciliations for governmental funds to change from modified accrued basis to full accrued can be found on page 24 and 26 of the report.

• Fund Financial Statements presents major government funds on modified accrued basis and proprietary funds on full-accrued basis.

Reporting the activities in different accounting basis are required by GASB pronouncements. The definition of full -accrued vs modified accrued basis o f accounting can be found under Note 1C on Page 30.

Required Supplemental Information (Pg. 53-60) includes a Budget to Actual comparison schedule for the General Fund and historical information on pension and OPEB liabilities.

Supplemental Information (Pg. 61-65) presents the combined Balance Sheet and Schedules of Revenues, Expenditures, and Changes in Fund Balance for all non-major governmental funds. Budget to Actual for non-major funds were added in accordance with ACFR guidelines.

c. S
TATISTICAL SECTION included in pages 66-85 which include multi-year comparisons for key financial data. Several financial trends were added in accordance with ACFR guidelines.

2. Management Report (Attachment C)
As part of the Audit process the Auditors also review procedures and make recommendations on improvements as part of a Management Report (See Attachment C). The Auditors did not make any reportable findings with the current year work.

3. Measure A Transportation Funds (Attachment D)
The Town received $77,753 in Measure A Transportation Funds from San Mateo County in FY 2021-22, bringing total reserve balance to $157,496. The Measure A Program requires the Staff Report Auditor’s Report Fiscal Year 2021-22 Page 4 of 5

Town to complete a separate audit of these funds (See Attachment D). In addition to financial testing of transactions the Auditors do additional review to provide a reasonable assurance that the Town of Colma has complied with certain provisions of Measure A.

The Town designated $ 72,600 of Measure A funds for the F -Street roadway improvement project, which was completed in the Summer of 2022. Measure A funds are only transferred to the corresponding project after the project is completed. Since the project was completed in FY 2022-23, the $72,600 of designated Measure A fund will be transferred in FY 2022-23.

4. Measure W Transportation Funds (Attachment E)
The Town receive d $28,461 Measure W Transportation Funds from San Mateo County in FY 2021-22. The Measure W Program requires the Town to complete a separate audit of these funds (See Attachment E). In addition to financial testing of transactions the Auditors do additional review to provide a reasonable assurance that the Town of Colma has complied with certain provisions of Measure W.

The Town designated $31,950 of Measure W funds for the F -Street roadway improvement project. The project was completed in the Summer of 2022 and the corresponding of project funding transfer will occur in FY 2022- 23. Transferring funds after project compl etion is to avoid comingling the Town’s General Fund from grant fundings.

5. Appropriations Limit (Attachment F)
Annually the Town is required to calculate an Appropriations Limit which is presented in the Budget and adopted by the Council. State Law does not require an “Audit” of the proceeds of taxes but does require a review completing specific procedures. This review was completed by the Auditors with no exceptions being noted (See Attachment F).

Reasons for the Recommended Action/Findings
Acceptance of the FY 2021-22 audited/reviewed financial statements and reports will authorize Staff to publish and distribute them to various interested parties and ensure compliance with the Town’s debt issuance requirements.

Council Adopted Values

Approval of the attached resolution is consistent with the Council’s core value of responsibility because the annual audit process provides an objective, expert assessment of the Town’s financial condition and financial reporting process.

Alternatives
None. In addition to supporting good governance, the completion of Audited Financial Statements is a requirement of the Certificate of Participation (COP) debt issuance and rules imposed by the SEC.

CONCLUSION

Staff recommends the City Council receive the presentation from the Town’s auditor, then adopt a resolution accepting the Auditor’s reports for Fiscal Year 2021-22.

Staff Report Auditor’s Report Fiscal Year 2021-22 Page 5 of 5 A

TTACHMENTS
A. Resolution - Accepting Auditor Reports for FY 2021-22 B. FY 2021-22 Annual Comprehensive Financial Reports
C. FY 2021-22 Management Report
D. FY 2021-22 Measure A Fund Component Unit Financial Statements E. FY 2021-22 Measure W Fund Component Unit Financial Statements F. Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheet

Res. 2023-##, Auditor’s Report Fiscal Year 2021-22 Page 1 of 2 RESOLUTION NO. 2023-##

OF THE CITY COUNCIL OF THE TOWN OF COLMA
RE
SOLUTION ACCEPTING AUDITOR’S REPORTS AND FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2022, PURSUANT TO CEQA GUIDELINE 15378.

The City Council of the Town of Colma does hereby resolve as follows:

1. Background
(a) O’Connor & Company (Previously, R.J. Ricciardi, Certified Public Accountants , Auditor) undertook, pursuant to contract with the Town of Colma, to perform an independent audit of the Town’s FY 2021-22 Financial Statements and the Town’s FY 2021-22 Measure A and Measure W Fund Component Unit Financial Statement, and to prepare an Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets. (b) The Auditor reported th at it has completed said audit and has found that the financial statements 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 Town of Colma as of June 30, 2022, and the respective changes in the financial position for the year then ended. The Auditor further reported that all the financial statements were in conformity with U.S. generally accepted accounting principles.
(c) The Auditor made no supplemental recommendations on the Town’s financial procedures. (d) The Auditor reviewed the calculation of the Fiscal Year 2022-23 appropriations limit in the amount of $61,031,996. No exceptions were identified in the calculations made by the Town.

2. Findings
The City Council finds that the balances as presented in the Financial Statements for the fiscal year ending June 30, 2022 are accepted and shall be reflected in the Town accounting records.

3. Reports and Audited Statements Accepted
The reports of the Auditor, the Town’s FY 2021-22 Audited Financial Statements, the Town’s FY 2021-22 Audited Measure A and Measure W Fund Component Unit Financial Statement, and the Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Worksheets are hereby accepted. The City Manager shall take all necessary steps to file and distribute the reports as required by external agencies. //
//
//
//
Attachment A
Res. 2023-##, Auditor’s Report Fiscal Year 2021-22 Page 2 of 2

Certification of Adoption
I certify that the foregoing Resolution No. 2023-## was duly adopted at a regular meeting of the City Council of the Town of Colma held on March 22, 2023, by the following vote:

Name Voting Present, Not Voting Absent
Aye No Abstain Not Participating
Joanne F. del Rosario, Mayor
John Irish Goodwin
Helen Fisicaro
Ken Gonzalez
Carrie Slaughter
Voting Tally

Dated: ____________________ _____________________________________ Joanne F. del Rosario, Mayor

Attest: ____________________________
Caitlin Corley, City Clerk

Town of Colma, California
Annual Comprehensive Financial Reports
For the Fiscal Year Ended June 30, 2022
Attachment B
This Page Left Intentionally Blank
Annual Comprehensive Financial Reports
June 30, 2022

Town of Colma, California
ANNUAL COMPREHENSIVE
FINANCIAL REPORTS
For the Fiscal Year Ended June 30, 2022
Prepared by
Town of Colma
Administrative Services Department
Town of Colma, California

TABLE OF CONTENTS
PAGE

INTRODUCTORY SECTION
Table of Contents i-ii
Transmittal Letter iii - vi
Town Officials vii
Town of Colma Organizational Chart viii

FINANCIAL SECTION
Independent Auditors’ Report 1-2
Management’s Discussion and Analysis 3-17
Basic Financial Statements:

Government-wide Financial Statements: 18
Statement of Net Position 19
Statement of Activities 20
Fund Financial Statements: 21
Governmental Funds Balance Sheet 22
Statement of Revenues, Expenditures, and
Changes in Fund Balances - Governmental Funds 23
Reconciliation of the Statement of Revenues,
Expenditures and Changes in Fund Balances of
Governmental Funds to the Statement of Activities 24
Propriety Fund Financial Statements: 25
Statement of Net Position – Proprietary Funds 26
Statement of Revenues, Expenses and Changes
in Fund Net Position – Proprietary Funds 27
Statement of Cash Flows – Proprietary Funds 28
Notes to Basic Financial Statements 29-52

REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Schedule – General Fund 53
Notes to Budgetary Comparison Schedule 54
Schedule of the Local Government’s Proportionate Share of Net Pension Liability –- Miscellaneous 55
Schedule of the Local Government’s Proportionate Share of Net Pension Liability – Safety 56
ii

TABLE OF CONTENTS
PAGE
Schedule of Contributions – Miscellaneous 57
Schedule of Contributions – Safety 58
Schedule of Change in the Net OPEB Liability and Related Ratios 59 Schedule of Town of Colma’s Contributions - OPEB 60

SUPPLEMENTARY INFORMATION
Nonmajor Governmental Funds Combining Balance Sheet 61
Nonmajor Governmental Funds Combining Schedule of
Revenues, Expenditures and Changes in Fund Balances 62
Nonmajor Governmental Funds Combining Schedule of
Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 63-65

STATISTICAL SECTION
Financial Trends - Net Position, by Component 66-67
Financial Trends - Changes in Net Position 68-69
Financial Trends - Fund Balances of Governmental Funds 70-71 Financial Trends - Changes in Fund Balances of Governmental Funds 72-73 Financial Trends – Assessed Value and Estimated Actual Value of Taxable Property 74 Financial Trends – Computation of Direct and Overlapping Property Tax Rates 75 Financial Trends - Principal Taxpayers 76
Financial Trends – Property Tax Levies and Collections 77 Financial Trends – Ratios of Outstanding Debt by Type 78 Financial Trends – Computation of Direct and Overlapping Debt 79 Financial Trends – Legal Debt Margin Information 80
Financial Trends - Demographic and Economic Statistics 81 Financial Trends – Principal Employers 82
Financial Trends – Full Time Equivalent Town Government Employees by Function 83 Financial Trends – Operating Indicators by Function 84
Financial Trends – Capital Statistics by Function 85 This Page Left Intentionally Blank
Annual Comprehensive Financial Reports
June 30, 2022

IntroductorySection
Annual Comprehensive Financial Reports
June 30, 2022

This Page Left Intentionally Blank
Annual Comprehensive Financial Reports
June 30, 2022

iii

TOWN OF COLMA, CALIFORNIA

TRANSMITTAL LETTER
FOR THE FISCAL YEAR JUNE 30, 2022

February 14, 2023
To the Residents of the Town of Colma,
Honorable Mayor and Members of the City Council
We are pleased to submit to you the Annual Comprehensive Financial Reports (ACFR, “Annual Report”) for the Town of Colma, California (the Town), for the year ending June 30, 2022. The Annual Report was prepared in accordance with principles and standards set by the Governmental Accounting Standards Board. The report presents the Town’s financial information on an entity-wide basis and at the fund level, with emphasis on the Town’s major funds.

As part of the required presentation, the report includes a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A).

It presents a comparative analysis of current and prior year results, changes in financial position, financial highlights, trends and disclosure of any known significant events or decisions that affect the financial condition of the Town. This transmittal letter is designed to complement the MD&A and should be read in conjunction with it. The Town’s MD&A can be found immediately following the report of the independent auditors in the financial section of this report.

The responsibility for the accuracy of the information and the completeness and fairness of the presentation rests on the Town’s management. This includes note disclosures, required supplemental information and statistical summary. We believe that the information reported is accurate in all material respects and its presentation fairly shows the financial position and the results of the Town’s operations.

In providing a reasonable basis for making these representations, management has established a thorough internal control system designed to protect the government ’s assets from loss, theft, or misuse and to compile the necessary information for preparing the Town’s financial statements.

In compliance with State statutes, these financial statements have been audited by the certified public accounting firm of O’Connor & Company, formerly known as R.J. Ricciardi, Inc. The goal of the independent audit was to provide reasonable assurance that the financial statements of the Town of Colma for the year ending June 30, 2022, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the Town of Colma’s financial statements for the year ending June 30, 2022, are fairly presented in conformity with Generally Accepted Accounting Principles (GAAP). The independent auditor’s report is presented as the first component of the financial section of this report.

PROFILE OF THE GOVERNMENT
The Town of Colma, known as the “City of Souls,” is the smallest city in San Mateo County with 1,659 residents and 1.5 million “souls.” However, Colma is more than just 16 cemeteries. Colma’s commercial buildings make a distinct architectural statement resulting from design standards that encourage Spanish- Mediterranean motifs. Colma boasts an old-world charm all its own, from its brick-paved residential streets and ornamental street lamps to its restored historical museum and railroad depot located at its 5,500 square foot Community Center. The state-of-the-art Police Station complements the architecture of the historic and charming Town Hall across the street. Within its two square mile boundary, the Town enjoys a strong tax base with two shopping centers, one of Northern California’s most complete collections of car dealerships, and a cardroom. There are two BART stations nearby.

The Town operates under a Council-Manager form of government. Policy-making and legislative authority are vested in the governing City Council, which cons ists of five Councilmembers. City Council members are elected in overlapping four-year terms and, from amongst themselves, select a Mayor and Vice Mayor every December. The Council is responsible for passing ordinances, adopting the budget, and hiring the City Manager and City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the Town, and for appointing the Town staff.

The Town provides a full range of essential services through a combination of in-house staff and contract services. Services provided by the Town’s 47.35 full-time equivalent employees include public safety services, maintenance of public infrastructure, recreation, parks, and general management. The Town entered into public-private partnership in areas of planning, building, engineering, code enforcement, trash collection, and staff augmentation.

The cost to provide these essential services are reviewed annually as part of the Town’s operating and capital budget. The annual budget serves as the foundation for the Town’s financial planning, monitoring and control. All departments of the Town are required to submit requests for appropriation to the City Manager each spring. The City Manager uses these requests to develop a proposed budget. Prior to June 30 of each year, the City Manager submits to the City Council a proposed operating and capital improvement budget for review. The Council holds public hearings and a final budget is adopted on or before June 30.

Budgetary reviews and controls are applied as described in the Notes to Required Supplementary Information on page 54. Budget to actual comparisons are provided in this report for each governmental fund for which an annual budget has been adopted. For the General Fund, this comparison is presented on page 53 as part of the required supplementary information. For governmental funds other than the General Fund, this comparison is presented in the Combining Statements and Individual Fund Statements section of this report, starting on page 61. Budgets are also adopted and controlled for the proprietary funds. Budget comparisons for proprietary funds are not legally mandated but are presented after the Combining Statements and Individual Fund Statements section of this report.

Throughout the year, the City Manager and the Administrative Services Director monitor economic changes that may affect the Town’s revenue stream, coordinates with departments in identifying changing needs and demands, and presents budget adjustments to the City Council as part of the mid-year review.

Public input is filtered through the Town’s standing committees and to staff liaisons. This input is considered in the development of the budget and presented to the City Council for consideration as part of the budget review and throughout the year as separate Council action items.

COLMA FINANCIAL OUTLOOK
As shown in the Basic Financial Statements, starting on page 18, the Town is financially healthy. As of June 30, 2022, the Town has an outstanding debt of $4.43 million, a net pension liability of $5.13 million, and net OPEB liability of $11.06 million, and the total unrestricted fund balance is $13.53 million.

LOCAL ECONOMIC CONDITIONS AND ITS IMPACT ON THE TOWN
The economic factors most prevalent in FY 2021-22 were the reopening of the State of California and the preparing for the impact of supply chain issues.

The reopening of the State allowed many businesses to reopen to full capacity, which increased the Town’s sales tax and cardroom tax revenues. Permit activities rose as businesses prepare to reopen or moved to one of the Town’s vacant commercial units. Concurrently, the Town reinstated many of its operations, including unfreezing vacant positions, hiring part-time and per diem staff, reinstating community events and recreation programs, and reviewing more permits and grant applications.

Another impact of the COVID-19 pandemic was on its supply chains. As factories closed and workers got sick, the supply chain began to be impacted. Local auto dealers had shared with the Town that car manufacturing was slowing down because of the zero-COVID tolerant policy in China. The same story was said for electronics. As a result of supply shortages, the Town benefited in FY 2021-22 from inflation on sales tax and was negatively impacted in the operational side. However, the Town anticipates sales tax revenues to flatten in FY 2022-23 and may experience a slight reduction in FY 2023-24.

Because of all the economic uncertainties from rising inflation, shortage of supplies, and increase in storefront occupancy, the financial market responded with dramatic rise and falls and the Federal Reserves raising interest rates. These impacted the Town’s investment income, as well as the CalPERS investment return for FY 2021-22. As discussed in the Management Discussion and Analysis section, the Town experienced a $1.0 million investment loss in its 115 Trusts and CalPERS was expecting an investment loss of 6% for the fiscal year. Both impact the Town’s ability to pay unfunded liabilities.

LONG-TERM FINANCIAL PLANNING AND RELEVANT FINANCIAL POLICIES The City Council reviews the Town’s financial policies, annually. Part of the financial policies include instruction on increasing Town reserves to combat future liabilities, including unfunded pension and OPEB liabilities. Additionally, the City Council discusses and approves a 2-year Strategic Plan that documents the Town’s priorities in the coming year. Each year, the departments develops operating and capital goals based on the Strategic Plan. The Plan accounts for five key areas, Resiliency, Operations, Economic Development, Community, and Capital. Long-range financial planning falls within Resiliency, where the Staff continues to work with different granting agencies to invest in our commercial and residential areas.

Investment in the commercial area can help Economic Development and thereby increase revenues within Town.

RISK MANAGEMENT
The Town is a member of the Pooled Liability Assur ance Network Joint Powers Authority (PLAN JPA), a joint powers insurance authority that consists of 28 member cities in the San Francisco Bay Area. The PLAN JPA was established to provide liability insurance, claims, risk management, and legal defense services to participating members. The program provides the Town with liability coverage up to a maximum of $10 million, with the Town maintaining a self -insured retention of $50,000. The Town also maintains workers’ compensation coverage to a maximum of $5.0 million. The Town pays the self-insured retention as part of the General Fund operating budget and maintains a general fund litigation reserves of

vi
$100,000. The Town has implemented and is in complian ce with Governmental Accounting Standards Board Statement No. 10, Accounting and Financial Reporting for Risk Financing and Related Insurance Issues

AWARD AND ACKNOWLEDGEMENT
We wish to extend our appreciation to all of the Town staff who contributed financial information to this report. Special thanks go to Cassandra Weatherly for the continued support of the Finance Department and efforts in the preparation and production of this report.

We would also like to thank the City Council for their continued interest and support in planning and conducting the financial operations of the Town in a responsible and progressive manner.

Respectfully submitted,

Brian Dossey Pak Lin
City Manager Administrative Services Director

vii

TOWN OF COLMA, CALIFORNIA

TOWN OFFICIALS
FOR THE FISCAL YEAR JUNE 30, 2022
Elected City Officials
Mayor Helen Fisicaro
Vice Mayor Raquel “Rae” Gonzalez
Council Member Joanne F. del Rosario
Council Member John Irish Goodwin
Council Member Diana Colvin
Appointed City Officials
City Manager Brian Dossey
City Clerk Caitlin Corley
Chief of Police John Munsey
Administrative Services Director Pak Lin
Recreation Manager Angelika Abellana
City Services Provided Under Contract
Legal Services Best, Best & Krieger
Planning, Engineering & Building Services CSG Consultants This document is dedicated to the memory of Raquel "Rae" Gonzalez. viii

TOWN OF COLMA, CALIFORNIA

ORGANIZATIONAL CHART
FOR THE FISCAL YEAR JUNE 30, 2022
Residents of Colma
City Council
City Attorney City Manager
City Clerk
Function:
- Records Retention
and Management
- C.A.P.E
- Town Administration
Staffing:
- City Clerk
- Administrative
Technicians II/III (2.0)
Administrative
Services Director
Function:
- Human Resources
- Finance
- Risk Management
- Technology
Staffing:
- Administrative
Services Director
- HR Analyst
- Accounting
Technicians (1.80)
Chief of Police
Function:
- Police Admin
- Patrol
- Communications/
Dispatch
- Community Services
Staffing:
- Chief of Police
- Executive Assistant
to Chief of Police
- Police Commander
- Detective Sergeant
& Sergeant (5.0)
- Detective &
Officers (12.22)
- Communication
Supervisor
- Communication/
Dispatch (3.20)
- Community Services
Officers (1.48)
Engineering, Building,
& Planning
Function:
- Permits and
development review
- Grant management
- Capital project
- Regulatory
requirements
pertaining to
development and
public infrastructure
Staffing:
- Contracted
Public Works
Maintenance
Supervisor
Function:
- Public Right-Of-Way
maintenance
- Storm water and
sewer system
maintenance and
compliance
Staffing:
- Maintenance
Supervisor
- Maintenance
Tech II/II (2.0)
Recreation Manager
Functions:
- Recreation programs
- Community Events
- Facility Rental
Staffing:
- Coordinator (2.0)
- Facility Attendant
(3.5)
- Recreation Leaders
(4.0)
FinancialSection
Annual Comprehensive Financial Reports
June 30, 2022

This Page Left Intentionally Blank
Annual Comprehensive Financial Reports
June 30, 2022

110
1 FIFTH AVENUE, SUITE 360
SAN RAFAEL, CA 94901
PH. (415) 457-1215
FAX. (415) 457-6735
www.maocpa.com

1 INDEPENDENT AUDITORS’ REPORT
Town Cou
ncil
Town of Colma
Colma, California
Report on the Financial Statements
We have audited the accompanying financ ial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information, of the Town of Colma, California as of and for the year ended June 30, 2022, and the related notes to the financ ial statements, which collectively comprise Town of Colma’s basic financial statements aslisted in the table of contents.

In our opinion, the financial statements referred to above pr esent fairly, in all material respects, the respective financial position of the governmental activities, busine ss-type activities, each major fund, and the aggregate remaining fund information of Town of Colma, as of June 30, 2022, and the respective changes in financial position and where applicable, cash flows thereof, for the year then ended in accordance with accounting principles generally accepted in the United States of America.

B
asis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are furt her described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Town of Colma, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsi
bilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the prep aration and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Town of Colma’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assuranc e but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the Unites States of America will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misr epresentations, or the override of in ternal control. Misstatements are considered material if there is a substantial likelihood t hat, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with auditing standards generally accepted in the Unites States of America, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and d
esign and perform audit procedures respon sive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit 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 Town of Colma’s internal control. Accordingly, no such opinion is expressed.

Town Council
Town of Colma - Page 2
2 
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditi ons or events, considered in the aggreg ate, that raise substantial doubt about Town of Colma’
s ability to continue as a going concern for a reasonabl e period of time.

We a
re required to communicate with those charged wi th governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the Unit ed States of America requi re that the Management’s Discussion and Analysis, and other required supplementary information as listed in the table of contents be presented to supplement the basic fi nancial statements. Such informatio n, 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 the financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied cert ain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United St ates of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s response s to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic fi nancial 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.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise Town of Colma’s basic financial statements. The accompanying Supplementary Information, as listed in the Table of Contents, is presented for purposes of additional analys is and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the 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 financia l statements or to the basic financial statements themselves , and other additional procedures in accordance with auditing standards generally accepted in the United States of America . In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the Introductory Section and Statistical Section listed in the Table of Contents but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the bas ic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other informat ion otherwise appears to be materia lly misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

O’Connor & Company
San Rafael, California
February 14, 2023

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
3 MANAGEMENT’S DISCUSSION AND ANALYSIS
This is Management’s Discussion and Analysis of financial activities for the fiscal year ended June 30, 2022. This information should be read together with the transmittal letter, financial statements, and notes to the basic financial statements to better understand the Town of Colma’s (the Town) financial position.

The Town has prepared its Annual Comprehensive Financial Reports in accordance with accounting principles generally accepted in the United States of America (GAAP) and all Governmental Accounting Standards Board (GASB) pronouncements that affect the Town.

FISCAL YEAR 2022 FINANCIAL HIGHLIGHTS
Key financial highlights of the year are as follows:
 The Town’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $78.13 million. Of this amount, $54.46 million was invested in capital assets, $10.14 million was restricted net position and must be used for specific purposes, and the remaining $13.53 million was unrestricted net position.  The Town’s governmental fund balance was $40.76 million, an increase of $2.70 million. Of this amount, $10.32 million was an unassigned fund balance and available for spending at the Town’s discretion.
 The Town’s proprietary funds consist of activities in sewer and town properties operations. The Town’s proprietary fund stayed relatively the same at $2.56 million and has $0.31 million as unrestricted net position and available for use at the Town’s discretion.  Total governmental fund revenues decreased by $2.15 million, to $19.10 million. Due to economic uncertainties, interest earnings experienced a loss of $1.01 million in FY 2021-22, resulting in a reduction of $2.24 million when compared to FY 2020-21 interest earnings. The loss of $1.01 million was mainly experienced in the Town’s 115 Trust for pension and OPEB. Intergovernmental revenues decreased by $1.33 million as a result of one-time capital improvement grants received in FY 2021.
 Total governmental fund expenditures decreased by $1.93 million, to $16.28 million. The decrease is primarily related to the completion of the $2.86 million Mission Road Bicycle and Pedestrian Improvement Project.
 The Town’s general fund balances increased by $1.90 million, to $36.94 million. Of the amount, $9.47 million is restricted to Pension and OPEB trust, $16.21 million is committed to various budget stabilization reserves, $0.95 million is assigned per City Council initiatives, and $10.32 million is unassigned and available for spending at the Town’s discretion.  Total general fund revenues were reduced by $1.21 million, to $18.57 million, and this was primarily due to the $1.01 million investment loss in the Town’s 115 Trusts.  Total general fund expenditures had a $0.65 million increase or 4%, to $15.36 million. The main driver of the increase is resulted from restoration of Town operations back to pre-pandemic service levels. This includes increases in minor roadway improvements, recreation programs, community

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
4 events, and permit activities. Vacancies were also filled in FY 2021-22. These vacancies were frozen in FY 2020-21 to prepare for the financial impact of COVID-19 business closures.

OVERVIEW OF THE FINANCIAL STATEMENTS
This annual report consists of five parts – amanagement’s discussion and analysis (this section), the basic financial statements, required supplemental information, supplemental information consisting of the combining statements for nonmajor governmental funds and budget to actual comparison statements and a statistical section. The basic financial statements include two kinds of statements that present different views of the Town.

THE BASIC FINANCIAL STATEMENTS
This section introduces the reader to the Town’s three basic financial statements: 1) governmental-wide financial statements, 2) fund financial statements, and 3) notes to the basic financial statements.

Governmental-Wide Statements
The governmental-wide financial statements are prepared on the accrual basis, which means they measure the flow of all economic resources of the Town as a whole.

The Statement of Net Position and the Statement of Activities present information about the following:
 Governmental Activities – All of the Town’s basic services are considered to be governmental activities. These services are supported by general Town revenues such as taxes, and by specific program revenues such as user fees and charges.
 Business-type Activities – The Town’s enterprise activities of the Town Properties Fund and the Sewer Fund are reported in this area. Unlike governmental services, these services are supported by charges paid by users based on the amount of the service they use.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
5 Fund Financial Statements
These statements provide additional detail for the Town’s most significant 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 funds used by the Town can be divided into two categories: Governmental funds and Proprietary funds.

Governmental Funds
Governmental funds are used to account for the same functions reported as governmental activities on the Government-wide financial statements. However, this reporting has a focus on the near-term inflows and outflows of spendable resources, as well as the ending balances. The Town has a total of eleven governmental funds.

The Fund Financial Statements provide detailed information about each of the Town’s most significant funds, called Major Funds. Major Funds present the major activities of the Town for the year and may change from year-to-year as a result of changes in the pattern of the Town’s activities. In accordance with government finance reporting standards, the General Fund is always reported as a Major Fund. Basedon these standards the Town Capital Project Fund and the Street Capital Fund are also a Major Funds for the year ended June 30, 2022. Each Major Fund is presented individually, with all Non-major Funds summarized and presented only in a single column. Subordinate schedules present the detail of these Non-major Funds (Measure A Transportation Tax Fund; State Gas Tax Fund; Law Enforcement Grant Fund; Debt Service Fund and three others).

Proprietary funds
The Town maintains two types of Proprietary funds: enterprise and internal service. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The Town uses an enterprise fund to account for its Sewer and Town Properties Funds. An Internal Services Fund (ISF) is an accounting device used to accumulate and allocate costs internally among the Town’s various operating functions. In this case it is used to build up reserves for future replacement of vehicles and fleet equipment. These services solely benefit the government function. A separate Statement of Net Position and Statement of Cash Flow is included for the ISF.

The Town’s two Enterprise Funds are reported as Major Funds.

Fund Financial Statements include governmental funds as discussed below.

Governmental Fund Financial Statements are prepared on the modified accrual basis, which means they measure only current financial resources and uses. Capital assets and other long-lived assets, along with long-term liabilities, are not presented in the Governmental Fund Financial Statements.

Comparisons of Budget and Actual financial information are presented only for the General Fund, as required by GASB Statement No. 34.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
6 GOVERNMENTAL-WIDE FINANCIAL ANALYSIS
All financial statements are presented in conformance with GASB Statement No. 34, Basic Financial Statements and Management’s Discussion and Analysis (MD&A) – for State and Local Governments. Prior year information is made available for a comparative analysis of government‐wide data.

STATEMENT OF NET POSITION (FIGURE 1)
As of June 30, 2022, the Town’s primary government net position is $78.13 million, an increase of $3.40 million from 2021. Of the $78.13 million, $75.57 million is in governmental activities and $2.56 million in business-type activities.

By far the largest portion of the Town’s net position reflects its investment in capital assets (e.g. land, infrastructure, buildings, machinery, and equipment) less any related debt used to acquire those assets that are still outstanding. The Town uses these capital assets ($58.89 million) to provide services to its citizens. Consequently, these assets are not available for future spending. Although the town’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay the debt must be provided from other sources since the capital assets cannot be used to liquidate these liabilities.

An additional portion of the Town’s net position ($10.14 million) represents resources that are subject to external restrictions on how the funds may be used, such as future pension and OPEB obligations. The remaining balance in unrestricted net position amounts to $13.53 million.

Figure 1
Statement of Net Position at June 30,
(Amounts in millions)
Governmental
Activities
Business-Type
Activities
Total Primary
Government
2022 2021 2022 2021 2022 2021
Current and other assets $ 42.96 $ 40.17 $ 0.31 $ 0.24 $ 43.27 $ 40.41 Capital assets, net of
accumulated depreciation 56.64 58.28 2.25 2.34 58.89 60.62 Total assets 99.60 98.45 2.56 2.58 102.16 101.03
Deferred outflows 5.56 5.83 − − 5.56 5.83
Current liabilities 1.70 1.65 0.00 0.01 1.71 1.66
Long-term liabilities 21.88 27.75 − − 21.88 27.75
Total liabilities 23.58 29.40 0.00 0.01 23.59 29.41
Deferred inflows 5.99 2.73 − − 5.99 2.73
Net position:

Invested in capital assets,
net of debt 52.21 53.73 2.25 2.33 54.46 56.06
Restricted 10.14 7.64 − − 10.14 7.64
Unrestricted 13.22 10.78 0.31 0.24 13.53 11.02
Total net position $ 75.57 $ 72.15 $ 2.56 $ 2.57 $ 78.13 $ 74.72

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
7 STATEMENT OF ACTIVITIES (FIGURE 2)
The Statement of Activities presents program revenues and expenses, and general revenues in detail. All of these are elements in the Changes in Net Position summarized below. General revenues are not allocable to programs. General revenues are used to pay for the net cost of governmental programs.

For the fiscal year ended June 30, 2022, the Town’s overall net position increased by $3.40 million from the prior fiscal year. Key elements of these changes are as follows:

Figure 2
Change in Net Position at June 30,
(Amounts in millions)
Governmental
Activities
Business-Type
Activities
Total Primary
Government
2022 2021 2022 2021 2022 2021
Revenues:

Program revenues:

Charges for services $ 0.40 $ 0.50 $ 0.95 $ 1.18 $ 1.35 $ 1.68 Operating grants and
contributions

0.20 0.72 – – 0.20 0.72
Capital grants and contributions 0.38 1.16 – – 0.38 1.16 Total program revenues 0.98 2.38 0.95 1.18 1.93 3.56
General revenues:

Taxes 19.08 16.60 – – 19.08 16.60
Other revenues 0.91 1.05 – – 0.91 1.05
Use of money and property (1.04) 1.23 – – (1.04) 1.23 Total general revenues 18.12 18.88 – – 18.12 18.88
Total revenues 19.10 21.26 0.95 1.18 20.05 22.44
Expenses:

General government 4.21 4.43 0.19 0.16 4.40 4.59
Public safety 6.28 8.31 0.14 – 6.42 8.31
Public works 3.52 4.18 0.75 1.04 4.27 5.22
Planning 0.31 0.88 – – 0.31 0.88
Recreation 1.06 0.07 – – 1.06 0.07
Interest 0.17 0.17 – – 0.17 0.17
Total expenses 15.56 18.04 1.09 1.20 16.65 19.24
Other financing items:

Net transfers in/(out) (0.12) (0.03) 0.12 0.03 – –
Total other financing items (0.12) (0.03) 0.12 0.03 – – Change in net position $ 3.42 $ 3.18 $ ( 0.02) $ – $ 3.40 $ 0.86

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
8 GOVERNMENTAL ACTIVITIES ANALYSIS
Statement of Net Position – Governmental Activities
The Town’s total net position as of June 30, 2022 for governmental activities are comprised the following:
 The Town’s governmental net position at June 30, 2022 amounted to $75.58 million, an increase of $3.42 million from 2021.
 Cash and investments were $30.89 million. The Town held all investments in the county (SMCIF) and state (LAIF) pools, and in fully insured certificate of deposits, as detailed in Note 4A to the financial statements. Section 115 Trust assets were $9.47 million.  Other assets of $2.61 million comprise of $1.85 million in receivables, explained in Note 4B to the financial statements.
 Capital assets of $56.64 million, net of depreciation charges, included all the Town’s capital assets used in governmental activities as discussed in Note 4C.  Current liabilities, including accounts payable, claims and other amounts due currently, totaling $1.70 million.
 Long-term liabilities payable of $21.88 million, as explained in Note 4E to the financial statements. The increase in long-term liabilities is due to the increase in the net pension liability and net OPEB liability.
 Net position invested in capital assets, net of related debt, of $52.21 million, representing the Town’s investment in capital assets used, net of amounts borrowed to finance those investments.  Restricted net position represents the Town’s restricted section 115 trust assets for unfunded pension and retiree health liabilities.
 Unrestricted net position is the part of net position that can be used to finance day-to-day operations without constraints established by debt covenants or other legal requirements or restrictions. The Town had $13.22 million of unrestricted net position.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
9 Statement of Activities – Governmental Activities
For fiscal year 2022-23, the Town’s revenues for governmental activities totaled $18.12 million and expenditures totaled $15.56 million. The Town also subsidized the sewer operations with a transfer of $119,267.

As Figure 3 shows, $18.03 million, or 94%, of the Town’s fiscal year 2022 governmental activities revenue came from taxes (net of investment), while $0.58 million, or 3%, came from grants and contributions, $0.40 million, or 2%, came from charges for services, $0.09 million, or 1%, came from other revenues. Due to market uncertainty, the Town experienced a loss of $1.04 million in the use of money/property category.

The category is combined with general taxes due to the investment loss.

Charges for Services
$0.40 M
2%
Operating Grants and
Contributions
$0.20 M
1%
Capital Grants and
Contributions
$0.38 M
2%
General Taxes & Use of
Money and Property
$18.03 M
94%
Other Revenues
$0.09 M
1%
Figure 3: Governmental Activities Revenues
For Fiscal Year Ended June 30, 2022
$1.00 M
$14.66 M
$0.96 M
$16.62 M
$2.38 M
$16.60 M
$2.25 M
$21.23 M
$0.98 M
$19.08 M
$(0.95 M)
$19.11 M
$(5.00 M)
$-
$5.00 M
$10.00 M
$15.00 M
$20.00 M
$25.00 M
Program revenues General taxes Other revenues Total
Figure 4: 3-Year Governmental Activities Revenues Trend 2019/20 2020/21 2021/22

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
10 As shown in Figure 4, for the fiscal year ended June 30, 2022, Town’s program revenues totaled $0.98 million, general taxes totaled $19.08 million, and other revenues, including use of money and property totaled negative $0.95 million.

Town’s program revenues decreased by $1.40 million due to completion of capital improvements projects with one-time grant funding. These grant funding are project based and will fluctuate annually based on the number of grants the Town was awarded and the progress of the grant related project.

General taxes increased by $2.48 million, to $19.08 million. Figure 4 above shows that the Town’s general tax revenues dipped in fiscal year 2019-20 due to the 3 months of immediate business closure to stop the spread of COVID-19. Sales tax revenues recovered in FY 2020-21. In FY 2021-22, cardroom tax revenues recovered.

Overall, total governmental activities revenues reduced by $2.16 million to $19.10 million. The reduction includes the investment income loss in the Town’s 115 Trusts due to overall financial market fluctuation.

Figure 5 includes only current year expenses; it does not include capital outlays, which were added to the Town’s capital assets. As Figure 5 shows, general government is $4.38 million, or 30%, of total governmental activities, public works and planning is $3.19 million, or 22%, public safety is $5.99 million, or 41%, and recreation is $1.02 million, or 7%.

General government and
debts
$4.38 M
30%
Public safety
$5.99 M
41%
Public works and planning
$3.19 M
22%
Recreation
$1.02 M
7%
Figure 5: Governmental Activities Expenditures
For Fiscal Year Ended June 30, 2022

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
11 BUSINESS-TYPE ACTIVITIES ANALYSIS
Statement of Net Position – Business-Type Activities
As of June 30, 2022, the net position for business-type activities was $2.56 million and were comprised of the following:
 Cash and investments were $296,562. More information is provided in Note 4A to the financial statements.
 Other assets of $14,090 are explained in Note 4B to the financial statements.  Capital assets of $2,250,249 included all the Town’s capital assets used in business-type activities as discussed in Note 4C.
 Current liabilities totaled $5,439.
 Net position invested in capital assets was $2,250,249.  Unrestricted net position of $305,213 are reserved for future enterprise operating and maintenance cost.

Statement of Activities – Business-Type Activities
 Total program revenues of $1.09 million comprised of $0.89 million in sewer fees, which is passed through to the City of Daly City and South San Francisco for sewer treatment cost, and $191,722 in rental revenues from Creekside Villas and 1365 Mission Road properties.  Total expenses of $1,085,948 comprised of $894,537 in sewer operation and $191,411 in town properties management. Of the $894,537 in sewer expenses, $805,437 is related to sewer treatment and the rest in infrastructure maintenance. The Town also conducted a sewer fee study in FY 2020-21 to build a sewer reserve for future sewer infrastructure improvements.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
12 FINANCIAL ANALYSIS OF TOWN’S FUNDS

GOVERNMENTAL FUNDS
The Town uses fund accounting, which focuses on current financial resources affecting near-term liquidity.

It is also a management tool for segregating certain resources for specific activities or objectives in accordance with special regulations, restrictions, or limitations.

The focus of the governmental funds is to provide information on current year revenues, expenditures, and balances of spendable resources. Such information is useful in assessing the Town’s near-term financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. For fiscal year 2021-22, the Town’s major funds included the general fund, capital improvement fund, and street capital improvement fund. Special revenues, and debt funds are reported as Other Governmental Funds.

General Fund:

At June 30, 2022, the Town’s general funds reported combined ending balances of $36.94 million, an increase of $1.90 million. General fund revenues decreased by $1.21 million, to $18.57 million, and expenditures increased by $0.65 million, to $15.36 million.

Sales and cardroom tax revenues continue to be the main sources of revenues for the Town. Sales tax remained steady from the prior year, experiencing an increase of $244,000. Cardroom tax revenues doubled from the prior year, to $4.34 million, as business operations restored. Use of money and property reduced by $2.19 million from positive $1.20 million in FY 2020-21 to negative $0.99 million in FY 2021-

22. The dramatic reduction in use of money of property is driven by market fluctuation in FY 2020-21 and FY 2021-22. Due to inflation, supply shortage, and the three federal reserve rate increases by June 30, 2022, investor confident fluctuated significantly in FY 2021-22. This resulted in the interest loss absorbed by the Town’s 115 Trust. It also impacted the CalPERS investment return for FY 2021-22, which will impact the Town’s operating cost in FY 2023-24.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
13 Overall, general fund expenditures of $15.36 million represents 78% of town-wide operating cost (excluding capital). Compared to FY 2020-21, general fund expenditures increased by $0.65 million. In general all department operating cost increased by $887,000, with the exception of public safety. Public safety expenditure reduced by $233,000 due to a change in accounting treatment of OPEB contributions.

With the consolidation of 115 Trust activities into the General Fund categories, the Town showed 115 Trust contribution as both a revenues and expenditures in FY 2020-21 and the contribution were reclassified as transfers in and out in FY 2021-22.

As for the $887,000 operating expenditure increase in the other department, the two main factors include increased department activities to restore department operation to pre-pandemic levels and increase in insurance cost. As mentioned above, the Town increased in its community events, recreation programs, permitting activities, and roadway repairs and improvements.

Capital Improvement Fund:

As of June 30, 2022, the Fund had a balance of $2.12 million. A total of $332,459 in expenditures were accounted for in the fund. The focus in FY 2021-22 were in town-wide planning documents, such as completing the General Plan Update, Housing Element Update, and Zoning Code Updates. Other focuses include facilities improvements and equipment upgrades to comply with state mandates and to offer hybrid City Council meetings. The fund received transfers from the General Fund totaling $890,472. $3.78 M $3.93 M $4.14 M
$6.98 M $7.96 M $7.74 M
$2.38 M
$2.15 M $2.56 M $1.03 M $0.65 M $0.92 M $14.17 M $14.69 M $15.36 M $-
$2.00 M
$4.00 M
$6.00 M
$8.00 M
$10.00 M
$12.00 M
$14.00 M
$16.00 M
$18.00 M
2019/20 2020/21 2021/22
Figure 6: 3-Year General Fund Expenditure Trend
General government Public safety Public works and planning Recreation

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
14 Non-Major Governmental Funds:

These funds are not presented separately in the basic financial statements. In FY 2020-21, Street Capital Fund was reported separately from non-major governmental funds due to the $2.55 million capital improvement project spending. For FY 2021-22, the street capital fund is reported as part of the non-major governmental fund. As result, the analysis below will compare the non-major government funds for FY 2021-22 to the combination of the Street Capital Fund and other Non-Major Governmental Funds for FY 2020-21.

The fund balance in the Non-Major Governmental Funds totaled $1.69, increasing by $253,000, or 18%, over the prior fiscal year. Total revenues is $540,512, a reduction of $819,194 from the prior year. Total grants received in FY 2020-21 is $1.34 million. With the completion of two major street capital improvement projects, total grants received in FY 2021-22 reduced to $547,935.

Correspondingly, expenditure for all non-major government funds decreased from $3.07 million from FY 2020-21 to $586,627 in FY 2021-22. This is also attributed by the completion of the two major street capital improvement projects.

PROPRIETARY FUNDS
Town Properties Fund: As of June 30, 2022, the Fund had a balance of $2.37 million.

Sewer Fund: As of June 30, 2022, the Fund had a balance of $183,285.

GENERAL FUND BUDGETARY HIGHLIGHTS
The Town’s budget process began after the mid-year financial update presentation to the Town Council.

The Finance Department facilitates the development and consolidate inputs from all Town departments.

The consolidated budget inputs are reviewed by the Town Manager and presented to the Town Council in two budget study session. A balanced budget is adopted by June 30 of each year. During the year, budget adjustments are brought before the Town Council for consideration and to amend the budget. Additionally, the Department monitors the budget during the year and the Finance Department prepares a quarterly financial update to the Town Council. As part of this mid-year financial update, budget amendments are proposed to address any significant economic concerns and to incorporate prior Town Council actions that had changed appropriation or for reallocation of budget items.

A comparison of General Fund Budget to Actual can be found in the Required Supplemental Information section after Notes to the Financial Statements. Below is a summary of the major changes in budget and major variance between budget and actual.

Original Budget Compared to Final Budget
The City Council adopted the FY 2021-22 budget on June 9, 2021. During the year, the City Council approved three budget amendments totaling $210,409. The amendments were related to capital budget carryover and the addition of two smaller capital budget.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
15 Final Budget Compared to Actual – General Fund
The Town’s general fund final budget remains unchanged from the original adopted budget.

Original
Budget
Final
Budget
Actual
Results
Variance from
Final Budget
Favorable
(Unfavorable)
Resources:

Revenues $ 17,531,264 $ 17,531,264 $ 18,569,048 $ 859,684 Transfers In 3,000,000 3,000,000 0 (3,000,000)
Total Resources 20,531,264 20,531,264 18,569,048 (2,140,316) Charges to appropriations:

Expenditures 17,183,754 17,183,754 15,361,745 1,822,009 Transfers Out 4,067,781 4,067,781 1,308,464 2,759,317
Total Charges 21,251,535 21,251,535 16,670,209 (937,308) Net changes in fund balance (720,271) (720,271) 1,898,839 2,619,110 Beginning fund balance 35,045,992
Ending fund balance $ 36,944,831
The general fund received $18.57 million in actual revenues, which is $860,000 more than the final budget.

The Town budgets revenues conservatively resulting in the Town receiving $1.86 million more in sales tax and $828,000 more in cardroom tax than budgeted. By June 30, 2021, the Town did not know the likely impact of supply shortage and inflation on general fund revenues. Transfers In is zero due to different in account treatments between budget and accounting. The Town budget for the $3.0 million transfer from General Fund 11 to General Fund Reserves 12 to increase the Budget Stabilization reserve from $12.0 million to $15.0 million. For this financial statement, a consolidation entry is made to remove the transfer since General Fund 11 and General Fund Reserves 12 are reported under the same fund title.

The Town charged $15.36 million in general fund expenditures. It is $1.82 million less than the final budget.

About $1.5 million of it is related to differing accounting treatment, where contributions to 115 Trust is budgeted into each operating department and reversed as part of the consolidation entry to combine 115 Trusts activities with General Fund.

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
16 CAPITAL ASSETS
As of June 30, 2022 The Town’s investment in capital assets for its governmental and business-type activities amounts to $58.89 million, a reduction of $1.73 million. Investments in capital assets includes land, buildings, improvements, machinery and equipment, construction in progress, and infrastructure.

Detail on capital assets and current year additions can be found in Note 4C.

Figure 7
The Town depreciates all its capital assets over their estimated useful lives, as required by GASB Statement No. 34. The purpose of depreciation is to spread the cost of a capital asset over the years of its useful life so that an allocable portion of the cost of the asset is borne by all users. Additional information on depreciable lives may be found in Note 4C to the financial statements.

DEBT ADMINISTRATION
The Town issued certificates of participation (COP) in fiscal year 2016 in the amount of $5,300,000.

Additional information about the Town’s long-term obligations can be found in Note 4E to the basic financial statements.

As of June 30, 2022, the Town’s debt issues comprised:

Figure 8
Outstanding Debt
June 30, 2022
Governmental Activity Debt:

Certificates of Participation $ 4,425,000
Net Other Post-Employment Benefit Obligation 11,061,019 Net Pension Liability 5,133,608
Compensated absences 1,584,523
Total $ 22,204,150
Capital Assets at Year-End
Balance at June 30, 2022 2021 2022 2021
Non-depreciable assets
Land 6,589,376$ 6,589,376$ 1,006,095$ 1,006,095$ Construction in progress 205,820 3,487,207 - - Total non-depreciable assets 6,795,196 10,076,583 1,006,095 1,006,095 Depreciable assets (net of depreciations)
Buildings 28,356,230 29,047,261 1,068,286 1,131,950 Improvements other than buildings 1,104,003 1,260,983 - - Machinery and equipment 1,287,281 1,175,383 - - Infrastructure-street systems 19,095,607 16,720,675 175,868 197,851 Total depreciable assets (net) 49,843,121 48,204,302 1,244,154 1,329,801 Total capital assets 56,638,317$ 58,280,885$ 2,250,249$ 2,335,896$ Governmental
Activities
Business-Type
Activities

TOWN OF COLMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR JUNE 30, 2022
17 ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
The narratives below discuss the Town’s major tax revenues and the assumptions included in the adopted 2022- 23 budget.

As a financial planning document, the Town of Colma considers global and local economic conditions in the development of the FY 2022-23 budget.

Globally, the Town of Colma operation continues to be impacted by COVID-19, inflation, and the War in Ukraine. With the COVID-19 Omicron surge, the State required all employers to provide an additional 80 hours of supplemental COVID sick leave which is in addition to the Town's accrued leave policy. The additional sick leave is an additional cost to the Town and sunsets in September 2022. Additionally, with each positive case, the Town is required by Cal/OSHA to conduct deep cleaning of the impacted facility.

The FY 2022-23 budget accounts for both the supplemental sick leave and the facility cleaning costs.

Inflation impacts the Town's revenues and expenditures. For revenues, the increase in the cost of consumer goods equates to higher sales tax collected. The increase in sales tax revenues is temporary and will reduce once the market readjusts. On the expenditures side, the purchase of selected supplies and equipment will increase due to inflation. Additionally, due to the rise in inflation, the Federal Reserve has scheduled several rate increases to slow down the market. This will impact the Town's commercial development and interest earnings. The War in Ukraine further exacerbated the supply chain shortages and the impact of inflation.

Locally, the Town of Colma has been dealing with the decline in brick and mortar and the rise in unfunded liabilities. With the convenience and availability of online sales, the Town saw an increase in vacant storefronts, pre-pandemic. Part of the Colma 2020-2022 Strategic Plan is creating an economic development ad hoc committee chaired by the City Manager and facilitated by various economic development consultants. The plan to address vacant storefronts is under development.

As for unfunded liabilities, the City Council has approved and updated the unfunded liabilities strategy and the Town's reserve policy to fund 115 trusts for future pension and OPEB costs. The Town also made additional contributions to CalPERS to reduce the Town's unfunded pension liabilities.

CONTACTING THE TOWN’S FINANCIAL MANAGEMENT
This Annual Comprehensive Financial Reports is intended to provide citizens, taxpayers, and creditors with a general overview of Town of Colma’s finances. Questions about this report should be directed to Town of Colma, at 1198 El Camino Real, Colma, CA 94014. 18 BASIC FINANCIAL STATEMENTS

GOVERNMENTAL-WIDE FINANCIAL STATEMENTS

STATEMENT OF NET POSITION AND STATEMENT OF ACTIVITIES
The Statement of Net Position and the Statement of Activities summarize the Town’s financial activities and financial position. They are prepared on the same basisas is used by most businesses, which means they include all the Town’s assets and all its liabilities, as well as all its revenues and expenses. This is known as the full accrual basis—the effect of all the Town’s transactions is taken into account, regardless of whether or when cash changes hands, but all material internal transactions between Town’s funds have been eliminated.

The Town’s Governmental Activities include the activities of its General Fund, along with all its Special Revenue, Capital Projects and Debt Service Funds. Since the Town’s Internal Service Funds service these Funds, their activities are consolidated with Governmental Activities, after eliminating inter-fund transactions and balances. The Town’s Business-type Activities include all its Enterprise Fund activities.

The Statement of Activities reports increases and decreases in the Town’s net position. It is also prepared on the full accrual basis, which means it includes all the Town’s revenues and all its expenses, regardless of when cash changes hands. This differs from the “modified accrual” basis used in the Fund financial statements, which reflect only current assets, current liabilities, available revenues and measurable expenditures.

The format of the Statement of Activities presents the Town’s expenses first, listed by program, and follows these with the expenses of its business-type activities. Program revenues—that is, revenues which are generated directly by these programs—are then deducted from program expenses to arrive at the net expense of each governmental and business-type program. The Town’s general revenues are then listed in the Governmental Activities or Business-type Activities column, as appropriate, and the Change in Net Position is computed and reconciled with the Statement of Net Position.

These financial statements along with the fund financial statements and footnotes are called Basic Financial Statements.

Governmental Business Type
ASSETS Activities Activities Total
Current assets:

Cash and investments 30,886,040$ 296,562$ 31,182,602$ Restricted cash and investments 9,465,146 - 9,465,146 Receivables:

Taxes 1,853,146 - 1,853,146
Accounts 705,846 14,090 719,936
Accrued interest 49,422 - 49,422
Prepaid items - - -
Total current assets 42,959,600 310,652 43,270,252 Noncurrent assets:

Capital assets:

Non-depreciable 6,795,196 1,006,095 7,801,291
Depreciable, net of accumulated depreciation 49,843,121 1,244,154 51,087,275 Total noncurrent assets 56,638,317 2,250,249 58,888,566 Total assets 99,597,917 2,560,901 102,158,818

DEFERRED OUTFLOWS
Deferred outflows related to OPEB 2,253,930 - 2,253,930 Deferred outflows related to pensions 3,304,194 - 3,304,194 Total deferred outflows 5,558,124 - 5,558,124

LIABILITIES
Current liabilities:

Accounts payable and accrued expenses 879,094 5,439 884,533 Deposits 499,839 - 499,839
Compensated absences due in one year 192,694 - 192,694 Certificates of participation due in one year 130,000 - 130,000 Total current liabilities 1,701,627 5,439 1,707,066 Noncurrent liabilities due in more than one year:

Compensated absences 1,391,829 - 1,391,829
Certificates of participation 4,295,000 - 4,295,000 Net pension liability 5,133,608 - 5,133,608
Net other post-employment benefit obligation 11,061,019 - 11,061,019 Total noncurrent liabilities 21,881,456 - 21,881,456 Total liabilities 23,583,083 5,439 23,588,522

DEFERRED INFLOWS
Deferred inflows related to OPEB 2,002,944 - 2,002,944 Deferred inflows related to pensions 3,991,730 - 3,991,730 Total deferred inflows 5,994,674 - 5,994,674

NET POSITION
Invested in capital assets, net of related debt 52,213,317 2,250,249 54,463,566 Restricted 10,143,564 - 10,143,564
Unrestricted 13,221,403 305,213 13,526,616
Total net position 75,578,284$ 2,555,462$ 78,133,746$ Town of Colma

STATEMENT OF NET POSITION
June 30, 2022
The accompanying notes are an integral part of these financial statements. 19 Operating Capital
Charges for Grants and Grants and Governmental Business-type Functions/Programs Expenses Services Contributions Contributions Activities Activities Total Town Government
Governmental activities:

General government 4,213,372$ -$ 2,128$ -$ (4,211,244)$ (4,211,244)$ Public safety 6,278,924 125,593 164,443 - (5,988,888) (5,988,888) Public works 3,524,250 172,488 30,590 356,061 (2,965,111) (2,965,111) Recreation 1,061,937 42,846 - - (1,019,091) (1,019,091) Planning 312,128 57,514 5,000 20,163 (229,451) (229,451) Interest on long-term debt 169,569 - - - (169,569) (169,569) Total governmental activities 15,560,180 398,441 202,161 376,224 (14,583,354) (14,583,354) Business-type activities:

City properties 191,411 195,442 - - 4,031$ 4,031 Sewer 894,537 754,501 - - (140,036) (140,036) Total business-type activities 1,085,948 949,943 - - (136,005) (136,005) Total 16,646,128$ 1,348,384$ 202,161$ 376,224$ (136,005) (14,719,359) General revenues:

Taxes:

Property taxes 715,777 - 715,777
Sales taxes 13,864,749 - 13,864,749
Cardroom taxes 4,340,144 - 4,340,144
Other taxes 157,107 - 157,107
Investment income (loss) (1,044,387) (1,222) (1,045,609) Transfers (119,267) 119,267 -
Other revenues 91,028 - 91,028
Total general revenues and special items 18,005,151 118,045 18,123,196 Change in net position 3,421,797 (17,960) 3,403,837 Net position, beginning of period 72,156,487 2,573,422 74,729,909 Net position, ending of period 75,578,284$ 2,555,462$ 78,133,746$ Program Revenues Changes in Net Position
Net (Expense) Revenue and
Town of Colma

STATEMENT OF ACTIVITIES
For the Fiscal Year Ended June 30, 2022
The accompanying notes are an integral part of these financial statements. 20 21

FUND FINANCIAL STATEMENTS
Fund Financial Statements are presented by individual major funds, while non-major funds are combined in a single column. Major funds are defined generally as having significant activities or balances in the current year.

MAJOR GOVERNMENTAL FUNDS
The funds described below were determined to be Major Funds by the Town. Individual non-major funds may be found in the Supplemental section.

The General Fund accounts for all financial resources necessary to carry out basic governmental activities of the Town that are not accounted for in another fund. The General Fund supports essential services such as police protection, street & storm drain maintenance, parks, and recreation.

The Capital Improvement Project Fund accounts for funds expended for general capital improvements, including equipment & technology replacement, long-range plans, and facility improvements.

Capital Other Total
General Improvement Governmental Governmental
Fund Project Fund Funds Funds
ASSETS
Cash and investments 26,168,484$ 2,194,296$ 1,696,539$ 30,059,319$ Restricted cash and investments 9,465,107 - 39 9,465,146 Taxes receivable 1,853,146 - - 1,853,146
Accounts receivable 694,158 476 11,212 705,846 Accrued interest receivable 49,422 - - 49,422 Total assets 38,230,317$ 2,194,772$ 1,707,790$ 42,132,879$

LIABILITIES
Accounts payable 418,986$ 69,773$ 13,138$ 501,897$ Accrued expenditures 366,661 - - 366,661
Deposits 499,839 - - 499,839
Total liabilities 1,285,486 69,773 13,138 1,368,397

FUND BALANCES
Restricted 9,465,107 - 678,457 10,143,564
Committed 16,205,670 - - 16,205,670
Assigned for capital 950,000 2,124,999 1,016,195 4,091,194 Unassigned 10,324,054 - - 10,324,054
Total fund balances 36,944,831 2,124,999 1,694,652 40,764,482 Total liabilities and fund balances 38,230,317$ 2,194,772$ 1,707,790$ 42,132,879$ Total governmental fund balances 40,764,482$
56,638,317
816,185
(22,640,700)
Net position of governmental activities 75,578,284$
Some liabilities, including bonds, notes, leases and long-term portion of compensated absences are not due and payable in the current period and are therefore not reported in the funds.

Town of Colma

GOVERNMENTAL FUNDS

BALANCE SHEET
June 30, 2022
Capital assets used in governmental activities are not reported in the funds.

Amounts reported for governmental activities in the statement of net position are different because:

The assets and liabilities of the internal service fund are included in the governmental activities in the statement of net position.

The accompanying notes are an integral part of these financial statements. 22 Capital Other Total
General Improvement Governmental Governmental
Fund Project Fund Funds Funds

REVENUES
Property taxes 715,777$ -$ -$ 715,777$
Sales taxes 13,864,749 - - 13,864,749
Cardroom taxes 4,340,144 - - 4,340,144
Other taxes 157,107 - - 157,107
Licenses and permits 215,865 - - 215,865
Fines and forfeits 101,573 - - 101,573
Intergovernmental - - 547,935
547,935
Investment income (loss) (996,080) (7,384) (7,423) (1,010,887) Other revenues 88,910 2,118 - 91,028
Charges for services 81,003 - - 81,003
Total revenues 18,569,048 (5,266) 540,512 19,104,294

EXPENDITURES
Current:

General government 4,144,914 - 3,350 4,148,264
Public safety 7,743,379 - 218,566 7,961,945
Public works 2,128,403 - 30,590 2,158,993
Recreation 915,683 - - 915,683
Planning 429,366 - - 429,366
Capital outlay - 332,459 39,552 372,011
Debt service:

Principal - - 125,000 125,000
Interest - - 169,569 169,569
Total expenditures 15,361,745 332,459 586,627 16,280,831 Excess (deficiency) of
revenues over expenditures 3,207,303 (337,725) (46,115) 2,823,463

OTHER FINANCING SOURCES (USES)
Transfers in - 890,472 298,725 1,189,197
Transfers out (1,308,464) - - (1,308,464)
Total other financing sources (uses) (1,308,464) 890,472 298,725 (119,267) Net change in fund balances 1,898,839 552,747 252,610 2,704,196 Fund balances, beginning of period 35,045,992 1,572,252 1,442,042 38,060,286 Fund balances, end of period 36,944,831$ 2,124,999$ 1,694,652$ 40,764,482$ Town of Colma

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES
For the Fiscal Year Ended June 30, 2022

GOVERNMENTAL FUNDS
The accompanying notes are an integral part of these financial statements. 23 Net Change in Fund Balances - Total Governmental Funds 2,704,196$ Amounts reported for governmental activities in the statement of activities are different because:

CAPITAL ASSET TRANSACTIONS
(1,642,569)

LONG-TERM DEBT PROCEEDS AND PAYMENTS
Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position. 125,000

ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY
Internal service funds are closed by charging additional amounts or reducing charges to participating governmental activities to completely cover the internal service funds costs for each year 75,298

ACCRUAL OF NON-CURRENT ITEMS
Compensated Absences (298,331)
Pension expense 1,410,779
OPEB expense 1,047,424
Net difference 717,601
Change in Net Position of Governmental Activities 3,421,797$ The amounts below included in the statement of activities do notrequire the use of or provide current financial resources and are therefore not reported as expenditures or revenues in the governmental funds.

Town of Colma

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES OF

GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
For the Fiscal Year Ended June 30, 2022
Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount bywhich depreciation ($1,544,562)is under capital outlays ($542,794), disposals and transfers ($640,801) in the current period.

The accompanying notes are an integral part of these financial statements. 24 25

PROPRIETARY FUND FINANCIAL STATEMENTS
The Sewer Fund is used to account for the provision of sewer services to the residents of Colma and some residents of areas adjacent to the City. All activities necessary to provide such services are accounted for in this fund, including administration, operations, maintenance, and billing/collections.

The City Property Fund is used to account for activities of the Town’s rental properties.

Governmental
Activities
Town Internal Service
Sewer Properties Totals Fund
ASSETS
Current assets:

Cash and investments 10,438$ 286,124$ 296,562$ 826,721$ Accounts receivable - 14,090 14,090 -
Total current assets 10,438 300,214 310,652 826,721
Noncurrent assets:

Capital assets:

Buildings - 2,615,156 2,615,156 -
Land - 1,006,095 1,006,095 -
Infrastructure 380,910 - 380,910 -
Construction in progress - - - -
Accumulated depreciation (205,042) (1,546,870) (1,751,912) - Total capital assets 175,868 2,074,381 2,250,249 -
Total assets 186,306 2,374,595 2,560,901 826,721

LIABILITIES
Current liabilities:

Accounts payable 3,021 2,418 5,439 10,536
Total current liabilities 3,021 2,418 5,439 10,536

NET POSITION
Investment in capital assets 175,868 2,074,381 2,250,249 - Unrestricted 7,417 297,796 305,213 816,185
Total net position 183,285$ 2,372,177$ 2,555,462$ 816,185$ Town of Colma
June 30, 2022

PROPRIETARY FUNDS

STATEMENT OF NET POSITION
The accompanying notes are an integral part of these financial statements. 26 Governmental
Activities
Town Internal Service
Sewer Properties Totals Fund
Operating revenues:

Charges for services 754,501$ 195,442$ 949,943$ 250,000$ Total operating revenues 754,501 195,442 949,943 250,000 Operating expenses:

Materials, supplies, rent and services 872,554 127,747 1,000,301 171,701 Depreciation 21,983 63,664 85,647 - Total operating expenses 894,537 191,411 1,085,948 171,701 Operating income (loss) (140,036) 4,031 (136,005) 78,299 Non-operating revenues (expenses):

Investment income (loss) - (1,222) (1,222) (3,001) Total non-operating revenues (expenses) - (1,222) (1,222) (3,001) Contributions and transfers
Transfers in 119,267 - 119,267 -
Net contributions and transfers 119,267 - 119,267 - Change in net position (20,769) 2,809 (17,960) 75,298 Net position, beginning of period 204,054 2,369,368 2,573,422 740,887 Net position, end of period 183,285$ 2,372,177$ 2,555,462$ 816,185$ For the Fiscal Year Ended June 30, 2022

PROPRIETARY FUNDS

EXPENSES, AND CHANGES IN FUND NET POSITION
Town of Colma

STATEMENT OF REVENUES,
The accompanying notes are an integral part of these financial statements. 27 Governmental
Activities
Town Internal Service
Sewer Properties Totals Fund
Cash flows from operating activities:

Receipts from other funds for services 756,956$ 194,733$ 951,689$ 250,000$ Payments to suppliers (873,764) (127,732) (1,001,496) (161,165) Net cash provided (used) by operating activities (116,808) 67,001 (49,807) 88,835 Cash flows from investing activities:

Interest and other income - (1,222) (1,222) (3,001) Net cash provided by investing activities - (1,222) (1,222) (3,001) Cash flows from capital and related financing activities Transfers 119,267 - 119,267 -
Net cash provided by capital and related financing
activities 119,267 - 119,267 -
Net increase (decrease) in cash and cash equivalents 2,459 65,779 68,238 85,834 Cash and cash equivalents - beginning of period 7,979 220,345 228,324 740,887 Cash and cash equivalents - end of period 10,438$ 286,124$ 296,562$ 826,721$ Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:

Operating income (loss) (140,036)$ 4,031$ (136,005)$ 78,299$ Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:

Depreciation 21,983 63,664 85,647 -
Changes in certain assets and liabilities:

Accounts receivable 2,455 (709) 1,746 -
Accounts payable (1,210) 15 (1,195) 10,536 Net cash provided (used) by operating activities (116,808)$ 67,001$ (49,807)$ 88,835$ Town of Colma
For the Fiscal Year Ended June 30, 2022

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
The accompanying notes are an integral part of these financial statements. 28 Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
29 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
The Town of Colma (the Town) is a municipal corporation governed by an elected five-member Town Council. The accompanying basic financial statements present the government and its component units, entities for which the government is considered to be financially accountable. The Town has no component units.

The Town provides customary municipal services including general governmental activities, police protection, streets, maintenance, parks and recreation activities, planning and zoning, and building and public works. The Town contracts for sanitary sewer services with local providers in Daly City and South San Francisco, for street lighting services with San Mateo County, and for water service from CalWater.

B. Entity-wide and Fund Financial Statements
The entity-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the Town with the effect of interfund activity removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.

Separate financial statements are provided for the Town’s governmental funds. Major individual governmental funds are reported as separate columns in the fund financial statements.

C. Measurement Focus, Basis of Accounting, & Financial Statement Presentati on The government-wide and proprietary fund 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 the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

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”. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period.

For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal year. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
30 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) C. Measurement Focus, Basis of Accounting, & Financial Statement Presentation (concluded) Property taxes, sales taxes, card room taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the government.

The government reports the following major governmental funds:

The General Fund is the government’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Capital Improvement Project Fund accounts for resources transferred from the General Fund to complete capital improvement projects.

The Town reports the following major proprietary funds:

Town Properties Fund accounts for the activities of the Town’s housing program.

Sewer Fund accounts for the activities of the Town’s sewer service.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. This includes elimination of interfund payables and receivables and of interfund transfers.

The Town may fund programs with a combination of cost-reimbursement grants, categorical block grants, and general revenues. Thus, both restricted and unrestricted net position may be available to finance program expenditures. The Town’s policy is to first apply restricted grant resources to such programs, followed by general revenues if necessary.

Additionally, the Town reports the following fund type:

The Internal Service Fund is used to account for the replacement of the Town’s fleet and associated equipment provided to other Town departments on a cost reimbursement basis.

Amounts reported as program revenues include 1) charges to customers and applicants, for goods, services or privileges provided, 2) operating grants and contributions and 3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes.

Proprietary funds distinguish operating revenues and expenses from non-operating items.

Operating revenues and expenses generally result from providing goods and services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations.

The principal operating revenues of the enterprise and internal service funds are charges for sales and services.

Operating expenses for enterprise funds include salaries and employee benefits, maintenance and operation of systems and facilities, administrative expenses and depreciation on capital assets. All revenues/expenses not meeting this definition are reported as non-operating revenues and expenses.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
31 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D. Assets, Liabilities and Net Position or Equity
Deposits and Investments
The Town’s cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with original maturities of three months or less from the date of acquisition.

State statutes authorize the Town to invest in obligations of the U.S. Treasury, commercial paper, corporate bonds, repurchase agreements, the State Treasurer’s Investment Pool, and other permitted investments. Investments for the Town are reported at fair value. Investments in guaranteed investment contracts are reported at cost. The State Treasurer’s Investment Pool operates in accordance with appropriate state laws and regulations. The reported value of the pool is the same as the fair value of the pool shares.

Fair Value Hierarchy
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Town categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The fair value hierarchy categorizes the inputs to valuation techniques used to measure fair value into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs are inputs - other than quoted prices included within level 1 - that are observable for an asset or liability, either directly or indirectly.

Level 3 inputs are unobservable inputs for an asset or liability.

If the fair value of an asset or liability is measured using inputs from more than one level of the fair value hierarchy, the measurement is considered to be based on the lowest priority level input that is significant to the entire measurement.

Cash Equivalents
For purposes of the statement of cash flows, the Town considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. Proprietary fund types, cash and investments balances classified as Available for Operations are considered cash equivalents for purposes of the statement of cash flows.

Receivables and Payables
Activity between funds that is representative of lending/borrowing arrangements outstanding at the end of the fiscal year is referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans).

All other outstanding balances between funds are reported as “due to/from other funds ”.

The Town has determined that an allowance for uncollectible is not necessary as all receivables have been deemed collectible.

Property taxes are levied as of March 1 on property values assessed as of the same date. State statutes provide that the property tax rate be limited generally to one percent of market value, be levied by only the county, and be shared by applicable jurisdictions.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
32 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D. Assets, Liabilities and Net Position or Equity (continued) The County of San Mateo (the County) collects the taxes and distributes them to taxing jurisdictions on the basis of assessed valuations subject to voter-approved debt. Property taxes are due on November 1 and March 1, and each installment becomes delinquent after December 10 and April 10, respectively. The Town receives property taxes pursuant to an arrangement with the County known as the “Teeter Plan”. Under the plan, the County assumes responsibility for the collection of the delinquent taxes and pays the full allocation to the Town. The Town recognizes property tax revenues in the fiscal year in which they are levied for the Town.

Inventories and Prepaid Items
All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of governmental funds are recorded as expenditures when purchased.

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements.

Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure-type assets such as roads, bridges, sidewalks, and streetlights, are reported in the accompanying basic financial statements. They are reported in the applicable governmental-type activities columns in the government-wide financial statements.

Capital assets are defined by the government as assets with an initial, individual cost of more than $10,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost when available, or at estimated historical cost. Donated capital assets are recorded at estimated fair market value at the date of donation.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant, and equipment of the Town is depreciated using the straight line method over the following estimated useful lives:

Assets Years
Buildings 50
Infrastructure – street system 40-50
Vehicles 8
Equipment 5-25
Improvements 20
Compensated Absences
It is the government’s policy to permit employees to accumulate earned but unused vacation and sick leave benefits. There is a liability for a portion of unpaid accumulated sick leave since the Town does have a policy to pay certain amounts when certain employees separate from service with the Town. All vacation and sick leave is accrued when incurred in the government-wide financial statements. The Town typically uses the General Fund to liquidate the majority of its compensated absences.

Deferred Outflows and Inflows of Resources
Pursuant to GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position, and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, the Town recognizes deferred outflows and inflows of resources.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
33 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D. Assets, Liabilities and Net Position or Equity (continued) In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. A deferred outflow of resources is defined as a consumption of net position by the government that is applicable to a future reporting period.

In addition to liabilities, the statement of net position will sometimes report a separate section for deferred inflows of resources. A deferred inflow of resources is defined as an acquisition of net position by the Town that is applicable to a future reporting period.

Pensions
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Town of Colma’s California Public Employees’ Retirement System (CalPERS) plans (Plans) and additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms.

Investments are reported at fair value.

Long-term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable government-type activities statement of net position.

Net Position
Government-wide net position consists of the following:

Restricted Net Position – This amount is restricted by external creditors, grantors, contributors, laws or regulations of other governments.

Unrestricted Net Position – This amount includes all net position that does not meet the definition of “invested in capital assets, net of related debt” or “restricted net position”.

Invested in Capital Assets, Net of Related Debt – This category groups all capital assets into one component of net position. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction or improvement of these assets reduce the balance in this category.

Governmental fund balance consists of the following:

Fund Equity
The accompanying basic financial statements reflect certain changes that have been made with respect to the reporting components of fund balances for governmental funds. In previous years, fund balances for governmental funds were reported in accordance with previous standards that included components for reserved fund balance, unreserved fund balance, designated fund balance, and undesignated fund balance. Due to the implementation of GASB Statement No. 54, the components of the fund balances of governmental funds now reflect the component classifications described below.

In the fund financial statements, governmental fund balances are reported in the following classifications:

Nonspendable fund balance includes amounts that are not in a spendable form, such as prepaid items or supplies inventories, or that are legally or contractually required to remain intact, such as principal endowments.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
34 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) D. Assets, Liabilities and Net Position or Equity (continued) Restricted fund balance includes amounts that are subject to externally enforceable legal restrictions imposed by outside parties (i.e., creditors, grantors, contributors) or that are imposed by law through constitutional provisions or enabling legislation.

Committed fund balance includes amounts whose use is constrained by specific limitations that the government imposes upon itself, as determined by a formal action of the highest-level decision- making authority. The Town Council serves as the Town’s highest level decision-making authority and has the authority to establish, modify or rescind a fund balance commitment via minutes’ action.

Assigned fund balance includes amounts intended to be used by the Town for specific purposes, subject to change, as established either directly by the Town Council or by management officials to whom the assignment authority has been delegated by the Town Council.

Unassigned fund balance is the residual classification that includes the spendable amounts in the General Fund that are available for any purpose.

When expenditures are incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) fund balances are available, the Town’s policy specifies that restricted revenues will be applied first. When expenditures are incurred for the purposes for which committed, assigned, or unassigned fund balances are available, the Town’s policy is to apply committed fund balances first, then apply assigned fund balances, and finally unassigned fund balances.

Stabilization Reserve
The Town maintains a budget stabilization reserve in an amount sufficient to ensure continuity of operations in the event of a severe economic downturn, which amount is hereby determined to be one hundred percent (100%), rounded to the nearest $100,000, of the General Fund expenditures for the prior fiscal year, excluding appropriations toward Accrued Leave Liability Reserve, OPEB contribution, and pension contribution.

Accrued Leave Reserve
The Town maintains an Accrued Leave Reserve committed for vacation payout (and sick leave when related to retirement) when an employee separates from the Town. The amount committed will be determined as part of the budget process.

Litigation Reserve
The Town maintains a Litigation Reserve, in the amount of $100,000, to pay the Town’s costs and attorneys’ fees necessary for the initiation or defense of new litigation authorized by the Town Council after adoption of a budget for the fiscal year in which the litigation commenced.

Insurance Reserve
The Town maintains an Insurance Reserve, in the amount of $100,000, to pay for any deductibles charged to the Town by its insurance carrier(s) not accounted for in the adopted budget .

Disaster Response and Recovery Reserve
The Town maintains a Disaster Response and Recovery Reserve, in the amount of $750,000, to pay the Town’s costs of emergency repairs to or replacements of parts of the Town infrastructure damaged by any natural or man-made disaster, or to abate or prevent further damage to life or property.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
35 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (concluded) D. Assets, Liabilities and Net Position or Equity (concluded) Comparative Data
Certain amounts presented in the prior year data have been reclassified to be consistent with the current years' presentation.

Estimates and Assumptions
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.

NOTE 2 - RECONCILIATION OF GOVERNMENT-WIDE & FUND FINANCIAL STATEMENTS A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position
The governmental fund balance sheet includes reconciliation between fund balance – total governmental funds and net position – governmental activities as reported in the government-wide statement of net position. One element of that reconciliation explains, “capital assets are not financial resources and are not reported in the funds.” The details of this difference are as follows:

Capital assets $ 78,036,395
Less: accumulated depreciation (21,398,078)
Net adjustment to increase fund balance – total governmental funds to arrive at net position – governmental activities $ 56,638,317 Another element of the reconciliation explains that “long-term liabilities” are not due and payable in the current period and are therefore not reported in the funds. The details are as follows:

Long-Term Debt Obligations:

Deferred outflows – pension $ 3,304,194
Deferred outflows – OPEB 2,253,930
Deferred inflows – pension (3,991,730)
Deferred inflows – OPEB (2,002,944)
Compensated absences (1,584,523)
Certificates of participation (4,425,000)
Net other post-employment benefit obligation (11,061,019) Net pension liability (5,133,608)
Net adjustment to decrease fund balance - total governmental funds to arrive at net position – governmental activities $ (22,640,700) B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances with the Government-wide Statement of Activities The governmental fund statement of revenues, expenditures, and changes in fund balances includes reconciliation between net changes in fund balances – total governmental funds and changes in net position of governmental activities as reported in the government-wide statement of activities. One element of that reconciliation explains, “Governmental funds report capital outlays as expenditures.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
36 NOTE 2 - RECONCILIATION OF GOVERNMENT-WIDE & FUND FINANCIAL STATEMENTS (concluded) B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances with the Government-wide Statement of Activities (concluded)
However, in the statement of activities the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense.” The details of this difference and other significant components of the difference are as follows:

Capital outlay and disposals $ (98,007)
Depreciation expense (1,544,562)
Internal service fund 75,298
Compensated absences (298,331)
Certificates of participation 125,000
Pension expense 1,410,779
Net other post-employment benefit obligation (OPEB) 1,047,424 Net adjustment to decrease net changes in fund balances – total. governmental funds to arrive at changes in net position of governmental activities $ 717,601
NOTE 3 - STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Budgetary Information
Annual budgets are adopted on a basis consistent with U.S. generally accepted accounting principles for all funds. All annual appropriations lapse at fiscal year-end. Before the end of each fiscal year, all departments of the Town submit requests to the Town Manager so that a budget may be prepared. Before June 30, the proposed budget is presented to the Town Council for review. The Town Council holds public hearings, and a final budget must be prepared and adopted no later than June 30.

The appropriated budget is prepared by fund, function, and department. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is the fund level.

Expenditures for capital projects or the creation of additional positions requires the specific authorization of the Town Council. Encumbrance accounting is not employed.

NOTE 4 - DETAILED NOTES ON ALL FUNDS
A. Cash and Investments
The Town maintains a cash and investment pool for all funds. Certain restricted funds that are held and invested by independent outside custodians through contractual agreements are not pooled.

These restricted funds include cash and investment held by trustees.

Cash and investments as of June 30, 2022, are classified in the accompanying financial statements as follows:

Statement of Net Position:

Cash and investments $ 31,182,602
Restricted cash and investments 9,465,146
Total cash and investments $ 40,647,748
Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
37 NOTE 4 - DETAILED NOTES ON ALL FUNDS (continued)
A. Cash and Investments (continued)
Maturity 12
Months or less
13-24
Months
25-60
Months Total
Demand deposits $ 8,492,641 $ - $ - $ 8,492,641
Local Agency Investment Fund (LAIF) 2,138,248 - - 2,138,248 Public Agency Retirement Services 9,527,777 - - 9,527,777 Certificates of Deposit 496,000 747,000 3,486,009 4,729,009 Money Market Savings 39 - - 39
San Mateo Co. Treasurer’s Investment Pool 12,361,049 2,665,922 733,063 15,760,034 Total $ 33,015,754 $ 3,412,922 $ 4,219,072 $40,647,748 Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of the Town’s investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. Information about the sensitivity of the fair values of the Town’s investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the above table that shows the distribution of the Town’s investments by maturity or earliest call date.

California Law requires banks and savings and loan associations to pledge government securities with a market value of 110% of the Town’s cash on deposit or first trust deed mortgage notes with a value of 150% of the deposit as collateral for these deposits. Under California Law, this collateral is held in the Town’s name and places the Town ahead of general creditors of the institution.

As of June 30, 2022, the Town holds $39 in unexpended proceeds from the Certificates of Participation, which were included in Cash and Investments recorded in the Capital Projects Fund.

These restricted funds are spent on project costs as defined in the underlying indenture.

The Town does not enter into reverse repurchase agreements. Trustees under bond indentures may also invest in guaranteed investment contracts.

The Town’s investments are carried at fair value instead of cost, as required by U.S. generally accepted accounting principles. The Town adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it includes th e effects of these adjustments in income for that fiscal year.

The Town is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The Town reports its investment in LAIF at the fair value amount provided by LAIF, which is the same as the value of the pool share. The balance available for withdrawal 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, and floating rate securities issued by federal agencies, government-sponsored enterprises, United States Treasury Notes and Bills, and corporations.

The Town maintains specific cash deposits with the County and voluntarily participates in the external investment pool of the County. The County is restricted by state code in the types of investments it can make. Furthermore, the County Treasurer has a written investment policy, approved by the Board of Supervisors, which is more restrictive than state code as to terms of maturity and type of investment. Also, the County has an investment committee that performs regulatory oversight for its pool as required by California Government Code Section 27134.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
38 NOTE 4 - DETAILED NOTES ON ALL FUNDS (continued)
A. Cash and Investments (concluded)
The County’s investment policy authorizes the County to invest in obligations of the U.S. Treasury, its agencies and instrumentalities, certificates of deposit, commercial paper rated A-1 by Standard & Poor’s Corporation or P-1 by Moody’s Commercial Paper Record, bankers’ acceptances, repurchase agreements, and the State Treasurer’s investment pool.

At June 30, 2022, the Town’s cash with the County Treasurer is stated at fair value. However, the value of the pool shares in the County that may be withdrawn is determined on an amortized cost basis, which is different than the fair value of the Town’s position in the pool.

Fair Value Hierarchy
The Town categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.

The following is a summary of the fair value hierarchy of the fair value of investments of the Town as of June 30, 2022:

Investment Type Level 2 Uncategorized Total
California Local Agency Investment Fund $ - $ 2,138,248 $ 2,138,248 San Mateo Co. Treasurer’s Investment Pool - 15,760,034 15,760,034 Certificates of Deposit 4,729,009 - 4,729,009
Money Market Savings Account - 39 39
Public Agency Retirement Services - 9,527,777 9,527,777 Total investments $ 4,729,009 $ 27,426,098 32,155,107 Cash in banks and on hand 8,492,641
Total cash and investments $ 40,647,748
The California Local Agency Investment Fund (LAIF), the San Mateo County Investment Pool and the Public Agency Retirement System are not categorized in the fair value hierarchy but are valued using net asset value which approximates fair value.

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, 2022 are provided by Standard and Poor’s except as noted.

Investment Type Total
Not rated:

Money Market Savings Account $ 39
California Local Agency Investment Fund 2,138,248 San Mateo County Treasurer’s Investment Pool 15,760,034 Public Agency Retirement Services 9,527,777
Cash in banks and on hand 8,492,641
Certificates of Deposit 4,729,009
Total cash and investments $ 40,647,748
At June 30, 2022 none of the Town’s deposits or investments were exposed to custodial credit risk.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
39 NOTE 4 - DETAILED NOTES ON ALL FUNDS (continued) B. Receivables
Receivables as of year-end for the government’s individual major and nonmajor funds in the aggregate were as follows:

General
Town Capital
Projects Fund
Nonmajor
Funds
Business-
Type Funds Total
Receivables:

Interest $ 49,422 $ - $ - $ - $ 49,422 Taxes 1,853,146 - - - 1,853,146
Accounts 694,158 476 11,212 14,090 719,936 Net total receivables $ 2,596,726 $ 476 $ 11,212 $ 14,090 $ 2,622,504 C. Capital Assets
Capital asset activity for the year ended June 30, 2022 was as follows:

Beginning
Balance Increases Decreases
Ending
Balance
Governmental activities:

Capital assets, not being depreciated:

Land $ 6,589,376 $ - $ - $ 6,589,376
Construction in progress 3,487,207 372,010 3,653,397 205,820 Total capital assets, not being depreciated 10,076,583 372,010 3,653,397 6,795,196 Capital assets, being depreciated
Buildings 34,554,590 - - 34,554,590
Improvements other than buildings 3,784,093 - - 3,784,093 Machinery and equipment 3,354,501 322,106 - 3,676,607 Infrastructure - street systems 26,364,634 2,861,275 - 29,225,909 Total capital assets, being depreciated 68,057,818 3,183,381 - 71,241,199 Less accumulated depreciation for:

Buildings
(5,507,329) (691,031) - (6,198,360)
Improvements other than buildings (2,523,110) (156,980) - (2,680,090) Machinery and equipment (2,179,118) (210,208) - (2,389,326) Infrastructure - street systems (9,643,959) (486,343) - (10,130,302) Total accumulated depreciation (19,853,516) (1,544,562) - (21,398,078) Total capital assets, being depreciated, net 48,204,302 (1,638,819) - 49,843,121 Governmental activities capital assets net $58,280,885 $2,010,829 $3,653,397 $56,638,317 Depreciation expense was charged to functions/programs of the Town as follows:

Governmental activities:

Public works $ 563,540
General government 455,990
Public safety 313,711
Planning 2,911
Recreation 208,410
Total depreciation expense - governmental activities $ 1,544,562 Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
40 NOTE 4 - DETAILED NOTES ON ALL FUNDS (continued) C. Capital Assets (concluded)
Depreciation expense was charged to functions/programs of the Town as follows:

Business-type activities:

Sewers $ 21,983
Town properties 63,664
Total depreciation expense - business-type activities $ 85,647 D. Interfund Receivables, Payables and Transfers
Interfund transfers at June 30, 2022 were as follows:

Transfers In Transfers Out
General Fund $ - $ 1,308,464
Other Governmental Funds 298,725 -
Town Capital Project Fund 890,472 -
Street Capital - -
Sewer 119,267 -
Other governmental Funds - -
Totals $ 1,308,464 $ 1,308,464
The transfers out of the General Fund, Other Governmental Funds and Capital Improvements Project Fund were made for the purpose of financing Street Improvement Capital Projects, Sewer operations and debt service undertaken during the fiscal year.

Beginning Transfers &
Retirements
& Ending
Balances Additions Adjustments Balances
Business-type activities:

Capital assets, not being depreciated:

Land $ 1,006,095 $ - $ - $ 1,006,095
Total capital assets, not being depreciated: 1,006,095 - - 1,006,095 Capital assets being depreciated:

Buildings 2,615,156 - - 2,615,156
Infrastructure 380,910 - - 380,910
Total capital assets, being depreciated 2,996,066 - - 2,996,066 Less accumulated depreciation for:

Buildings (1,483,206) (63,664) - (1,546,870)
Infrastructure (183,059) (21,983) - (205,042) Total accumulated depreciation (1,666,265) (85,647) - (1,751,912) Total capital assets, being depreciated, net 1,329,801 (85,647) - 1,244,154 Business-type activities capital assets net $ 2,335,896 $ (85,647) $ - $ 2,250,249 Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
41 NOTE 4 - DETAILED NOTES ON ALL FUNDS (concluded) E. Long-Term Debt
Governmental Activities:

Changes in Long-Term Liabilities
Long-term debt activity for the 2022 fiscal year was as follows:

Beginning
Balances Additions Reductions
Ending
Balances
Due Within
One Year
Certificates of Participation $ 4,550,000 $ - $ 125,000 $ 4,425,000 $ 130,000 Net OPEB 11,202,420 - 141,401 11,061,019 -
Net Pension Liability 10,987,517 - 5,853,909 5,133,608 - Compensated absences 1,286,192 452,866 154,535 1,584,523 192,694 Totals $28,026,129 $ 452,866 $ 6,274,845 $22,204,150 $ 322,694 Certificates of Participation
On September 24, 2015, the Town issued $5.3 million in Certificates of Participation through Stifel, Nicolaus & Company, Incorporated. The funds and debt service payments are administered under a Trustee Agreement with Bank of New York Mellon. This financ ing will be used to fund a portion of the Town Hall renovation project. The certificates bear interest at variable rates from 0.38% to

4.12% and payments are due on each May 1.

The annual requirements to amortize the debt outstanding as of June 30, 2022, including interest payments, are as follows:

Period Ending June 30, Principal Interest Total
2023 $ 130,000 $ 164,569 $ 294,569 2024 135,000 160,669 295,669
2025 135,000 156,619 291,619
2026 140,000 151,219 291,219
2027 145,000 146,319 291,319
2028-2032 805,000 659,407 1,464,407
2033-2037 965,000 504,815 1,469,815
2038-2042 1,160,000 304,063 1,464,063
2043-2045 810,000 65,600 875,600
Total $ 4,425,000 $ 2,313,280 $ 6,738,280
NOTE 5 - OTHER INFORMATION
A. Risk Management
The Town is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters for which the Town obtains insurance coverage.

The Town is a member of the ABAG PLAN Corporation (PLAN), which provides a pooled risk sharing insurance program. The PLAN provides the Town with insurance coverage of $15 million per loss for liability claims. The Town has a $50,000 self-insurance retention limit similar to a deductible. The PLAN insurance has two different layers of coverage. Layer 1 is a $5 million self- insured layer shared by participants; Layer 2 is commercial excess insurance coverage for $10 million beyond the $5 million PLAN coverage. The PLAN also provides the Town with $1 million pooled employee dishonesty coverage.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
42 NOTE 5 - OTHER INFORMATION (continued)
A. Risk Management (concluded)
Property coverage is also provided by the PLAN with the Town having a $10,000 deductible. The PLAN provides the coverage using a self-insured pool to cover losses up to $100,000. The PLAN purchases an insurance policy to cover losses above its $100,000 self-insured retention with a per occurrence coverage for all members combined up to $1 billion. Workers’ compensation insurance is provided to the Town by EIA (Entity Insurance Authority) at statutory coverage limits, without a deductible. The Town had no significant changes in insurance coverage during the year. For the Fiscal Year ending June 30, 2022, the Town incurred liability claims expenses totaling $73,362.

There was one open claim as of June 30, 2022.

B. Contingencies and Commitments
Litigation
The Town is involved in litigation incurred in the normal course of conducting Town business. Town management believes, based upon consultation with its counsel, that these cases, in the aggregate, are not expected to result in a material adverse financial impact on the Town.

Disallowed Claims
Amounts received or receivable from grant agencies are subject to audit and adjustment by grantor agencies. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the government expects such amounts, if any, to be immaterial.

Coronavirus Pandemic
In December 2019, an outbreak of a novel strain of coronavirus (COVID-19) began to spread among various countries, including the United States. On March 11, 2020, the World Health Organization characterized COVID-19 as a pandemic. In addition, multiple jurisdictions in the U.S., including California, declared a state of emergency and issued shelter-in-place orders in response to the outbreak. The immediate impact to the Town’s operations included limited available resources to perform day-to-day operations. It is anticipated that the impacts from this pandemic will continue for some time. As of the report date, the financial impact of the coronavirus outbreak cannot be measured.

C. Public Employees Retirement System
Plan Description - Based on PERS eligibility criteria all qualified permanent and probationary employees are eligible to participate in the Town’s following cost-sharing multiple employer defined benefit pension plans (Plans):
 Town Miscellaneous (Tier 1)
 Town Miscellaneous (Tier 2)
 Town Miscellaneous (Tier 3 - PEPRA)
 Town Safety (Tier 1)
 Town Safety (Tier 2)
 Town Safety (Tier 3 - PEPRA)
The Plans are administered by the California Public Employees’ Retirement System (CalPERS).

Benefit provisions under the Plans are established by State statute and Town resolution.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
43 NOTE 5 - OTHER INFORMATION (continued)
C. Public Employees Retirement System (continued)
CalPERS 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 CalPERS website.

Benefits Provided - CalPERS 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. The applicable PERS plan depends on the employee classification and hire date. In some situations hiring of an employee who was previously an active member in PERS results in the “Classic” Plan benefit regardless of the date of hiring.

The Plan provisions and benefits in effect at June 30, 2022, are summarized as follows:

The Town’s Miscellaneous and Safety Rate Plans are part of the public agency cost-sharing multiple-employer defined benefit pension plan (PERF C), which is administered by the California Public Employees’ Retirement System (CalPERS). PERF C consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively.

Town Miscellaneous
Hire date
Prior to
August 1, 2012
8/1/2012 –
12/31/2012
(or “Classic”)
On or after
January 1, 2013
Benefit formula 2.5% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 - 55 50 - 63 52 - 67
Monthly benefits, as a % of eligible
compensations 2.0% to 2.5%

1.091% to

2.418% 1.0% to 2.5%
Required employee contribution rates 8% 7% 6.25%
Required employer contribution rates 19.176% 8.005% 6.25% Town Safety
Hire date
Prior to
January 1, 2012
On or after
January 1, 2012
(or “Classic”)
On or after
January 1, 2013
Benefit formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 - 55 50 - 55 50 - 57
Monthly benefits, as a % of eligible
compensations 3% 2.4 to 3% 2.0% to 2.7%
Required employee contribution rates 9% 9% 11.5%
Required employer contribution rates 34.595% 20.774% 11.5% Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
44 NOTE 5 - OTHER INFORMATION (continued)
C. Public Employees Retirement System (continued)
Individual employers may sponsor more than one miscellaneous and safety rate plan. The employer participates in one cost-sharing multiple-employer defined benefit pension plan regardless of the number of rate plans the employer sponsors. The Town sponsors six rate plans (three miscellaneous and three safety).

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 the Plans are determined annually on an actuarial basis as of June 30 by CalPERS. 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 Town is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

In fiscal year 2015, the Town established a Section 115 irrevocable trust with the Public Agency Retirement Systems (PARS). As of June 30, 2022 the Town reported the account balance of $3,920,187 as restricted investments in the General Fund.

For the year ended June 30, 2022, the contributions recognized as part of pension expense for each Plan were as follows.

As of June 30, 2022, the Town reported net pension liabilities for its proportionate shares of the net pension liability of the Miscellaneous and Safety Plans as follows:

The Town’s net pension liability for the Plans is measured as the proportionate share of the net pension liability. The net pension liability of the Plans is measured as of June 30, 2021, 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, 2020 rolled forward to June 30, 2021 using standard update procedures. The Town’s proportion of the net pension liability was based on a projection of the Town’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The Town’s proportionate share of the net pension liability for each Plan as of June 30, 2020 and 2021 was as follows:

Total
Miscellaneous
Employer Contributions $469,416
Total Safety
Employer Contributions $1,305,577
Proportionate
Share of Net
Pension Liability
Miscellaneous $ 592,343
Safety 4,541,265
Total Net Pension Liability $ 5,133,608
Town Miscellaneous Plan Miscellaneous
Proportion - June 30, 2020 .053%
Proportion - June 30, 2021 .031%
Change – Increase (Decrease) (.022%)
Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
45 NOTE 5 - OTHER INFORMATION (continued)
C. Public Employees Retirement System (continued)
For the year ended June 30, 2022, the Town recognized pension expense of $(741,040). At June 30, 2022, the Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
$1,774,993 reported as deferred outflows of resources related to contributions subsequent to measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2023.

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Actuarial Assumptions - For the measurement period ended June 30, 2020, the total pension liability was determined by rolling forward the June 30, 2020 total pension liability. The June 30, 2021 total pension liability was based on the following actuarial methods and assumptions:
(1) The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using Society of Actuaries Scale 90% of scale MP 2016. For more details on this table, please refer to the CalPERS 2017 experience study report (based on CalPERS demographic data from 1997 to 2015) available on CalPERS website.

Town Safety Plan Safety
Proportion - June 30, 2020 .131%
Proportion - June 30, 2021 .129%
Change – Increase (Decrease) (.002%)
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Pension contributions subsequent to measurement date $ 1,774,993 $ - Differences between actual and expected experience 842,296 - Changes in assumptions - 3,220,010
Net differences between projected and actual earnings
on plan investments 216,749 -
Change in proportions and differences between actual
Contributions and proportionate share of contributions 470,156 771,720 Total $ 3,304,195 $ 3.991,730
Year Ended June 30
2023 $ (391,846)
2024 (512,335)
2025 (671,646)
2026 (886,702)
Total $ (2,462,529)
Valuation Date June 30, 2020
Measurement Date June 30, 2021
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 7.15%
Inflation 2.50%
Projected Salary Increase Varies by Entry Age and Service Mortality Derived using CalPERS Membership Data for all Funds (1) Post Retirement Benefit Contract COLA up to 2.75% until purchasing power Increase protection allowance floor on power applies,2.75% thereafter Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
46 NOTE 5 - OTHER INFORMATION (continued)
C. Public Employees Retirement System (continued)
Discount Rate – The discount rate used to measure the total pension liability was 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Long-Term Expected Rate of Return – The long-term expected rate of return on pension plan investments was determined using a building-block method in which 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, CalPERS 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 (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ 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 rounded single equivalent expected return that arrived at the same present value of benefits of cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as follows:

Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate - The following presents the Town’s proportionate share of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the Town’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:

Asset Class
Assumed
Asset
Allocation
Real
Return(1)
Years 1-10(2)
Real
Return(1)
Years 11+(3)
Public equity 50.0% 4.80% 6.0%
Fixed income 28.0% 1.00% 2.62%
Inflation assets 0.0% 0.77% 1.81%
Private equity 8.0% 6.30% 7.23%
Real assets 13.0% 3.75% 4.93%
Liquidity 1.0% 0.00% (0.92)%
(1) This information is from the CalPERS report: https//www.calpers.ca.gov/docs/forms-publications/gasb-68-public- agency-schedules-2021.pdf
(2) Figures are based on previous 2017 ALM.
(3) An expected inflation of 2.00% used for this period.

Miscellaneous Safety
1% Decrease 6.15% 6.15%
Net Pension Liability $2,367,651 $9,574,508
Current Discount Rate 7.15% 7.15%
Net Pension Liability $592,343 $4,541,265
1% Increase 8.15% 8.15%
Net Pension Liability $(875,279) $407,077
Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
47 NOTE 5 - OTHER INFORMATION (concluded)
C. Public Employees Retirement System (concluded)
Pension Plan Fiduciary Net Position - Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

D. Fund Balance for Governmental Funds
Portions of the unassigned fund balance in the fund financial statements may be assigned to indicate tentative plans for financial resources being utilized in a future period, such as for general contingencies or capital projects. Such plans are subject to change, have not been legally authorized, and may not result in expenditures.

General Fund
Capital
Improvement
Project Fund
Other
Governmental
Funds Total
Nonspendable:

Prepaid items $ - $ - $ - $ - Restricted:

Restricted Pension
and OPEB trusts 9,465,107 - - 9,465,107 Debt Service - - 39 39
Measure A - - 157,497 157,497 Measure W - - 89,445 89,445 Gas Tax - - 126,853 126,853 Housing impact Fee - - 277,255 277,255 Law enforcement - - 21,053 21,053 Public Safety Grant - - 6,315 6,315 Total 9,465,107 - 678,457 10,143,565 Committed fund balances:

Debt service costs 600,000 - - 600,000 Compensated absences 605,670 - - 605,670 General & Economic reserve 15,000,000 - - 15,000,000 Total 16,205,670 - - 16,205,670 Assigned Fund Balances:

Litigation 100,000 - - 100,000 Insurance 100,000 - - 100,000 Capital improvements - 2,124,999 1,016,195 3,141,194
Disaster response 750,000 - - 750,000 Total 950,000 2,124,999 1,016,195 4,091,194 Unassigned Fund Balance:

General Fund 10,324,054 - - 10,324,054 Grand Total $ 36,944,831 $ 2,124,999 $ 1,694,652 $ 40,764,482 Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
48 NOTE 6 - DEFERRED COMPENSATION PLAN
The Town employees may defer a portion of their compensation under a Town sponsored Deferred Compensation Plan (the Plan) created in accordance with Internal Revenue Code Section 457.

Under this Plan, participants are not taxed on the deferred portion of the compensation until it is distributed to them; distributions may be made only at termination, retirement, death or in an emergency as defined by the Plan.

Separate from any amounts that employees voluntarily defer, regular employees are eligible to receive a $100 monthly matching contribution made to the Plan as a benefit by the Town. A total of 34 employees received this benefit during the fiscal year ending June 30, 2022. The Town’s contributions towards this benefit for the fiscal year ended June 30, 2022 were $38,350.

The laws governing the Plan assets require Plan assets to be held by a Trust for the exclusive benefits of Plan participants and their beneficiaries. Since the assets held under this Plan are not the Town’s property, are not managed by the Town and are not subject to claims by general creditors of the Town, they have been excluded from these financial statements.

NOTE 7 - POST-EMPLOYMENT BENEFITS OTHER THAN RETIREMENT Other Post-employment Benefits Other Than Pensions (OPEB) For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense information about the fiduciary net position of the Town’s Retiree Benefits Plan (the Plan) and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis as they are reported by the Plan.

For this purpose, the Plan recognizes benefit payments when due and payable in accordance with the benefit terms.

Plan Description
Benefit Tier A covers POA and PCR employees hired before May 31, 2008, and General employees hired before July 1, 2012. The Town pays 100% of medical premiums.

Benefit Tier B covers General employees hired between July 1, 2012 and March 31, 2017, and POA and PCR employees hired after June 1, 2008, but before June 30, 2012. The Town pays the medical premium multiplied by a vesting percentage, ranging from 50% for those with at least 10 years of service to 100% for those who have 20 or more years of service.

Benefit Tier C covers POA and PCR employees hired between July 1, 2012 and March 31, 2017.

Benefits are the same as Tier B, but the maximum paid by the Town is capped at the highest of the second most costly plan.

Benefit Tier D for General, POA, and PCR employees hired after April 1, 2017, the Town pays the PEMHCA minimum for those enrolled in a CalPERS medical plan. As stated in the memorandums of understanding with the POA and PCR, the start date for this Tier was January 1, 2017. The implementation of the required plans delayed the implementation to April 1, 2017. No new employees were eligible between January 1, 2017 and March 31, 2017.

The Town pays 100% of the dental premiums for General employees and PCR employees hired before May 1, 2010, and for POA employees hired before June 1, 2008. Employee benefits are governed by the Town Council.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
49 NOTE 7 - POST-EMPLOYMENT BENEFITS OTHER THAN RETIREMENT (continued) Employees Covered by Benefit Terms
At June 30, 2020 (the census date), the benefit terms covered the following employees:

Category Count
Inactive employees, spouses, or beneficiaries currently receiving benefit payments: 62 Inactive employees entitled to but not yet receiving benefit payments: 0 Active employees: 35
Total 97
Contributions
The Town makes contributions based on an actuarially determined rate.

Contribution rate: 40.37% for 16 years, 15.07% thereafter Reporting period contributions $947,665 (includes implicit subsidy credit.) Financial Report
The Town issues a stand-alone financial report that is available to the public. The report is available at: //www.colma.ca.gov/departments/finance/
Net OPEB Liability
The Town’s total OPEB liability was valued as of June 30, 2020 and was used to calculate the net OPEB liability measured as of June 30, 2021.

Actuarial Assumptions
The total OPEB liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise s
p
e
c
i
f
i
e
d
:
 Projections of the sharing of benefit-related costs are based on an established pattern of practice.
 Experience studies come from the CalPERS Pension Assumption Model, revised May 14, 2018.
 Inactive employees (retirees) pay the cost of benefits in excess of the Town’s contribution.  There were no ad hoc postemployment benefit changes (including ad hoc COLAs) to the plan.  There were no changes between the measurement date and the report date that are expected to have a significant effect on the total OPEB liability.

Measurement Date:

June 30,
2020
June 30,
2021
Discount Rate 4.97% 4.97%
Investment Rate of Return 4.97% 4.97%
Inflation 2.50% 5.50%
Healthcare Cost Trend Rates
Pre-Medicare 7.0% 6.5%* *Trending down to 4.04% over 55 years.

Applies to calendar years.Medicare 4.0% 4.0%*
Salary Increases 2.75% 2.75%** **Additional merit-based increases based on CalPERS merit salary increase tables.

Mortality Rates Based on CalPERS tables.

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
50 NOTE 7 - POST-EMPLOYMENT BENEFITS OTHER THAN RETIREMENT (continued) Discount Rate
GASB 75 allows the use of a discount rate that is up to the expected long -term rate of return on the assets in the Trust set aside to pay benefits, if the plan sponsor makes regular contributions to the Trust such that the assets are not depleted at any point in the future. If the Plans’ actuary determines that contributions are not sufficient to keep the Trust funded, a blend of the long-term rate of return and the yield or index rate for 20-year, tax-exempt municipal bonds will be used for the periods when the Trust funds are not sufficient to cover benefit payments. Based on this requirement, and with the approval of the plan sponsor, the discount rate used to measure the total OPEB liability is 4.97%
Long-Term Expected Real Rate of Return
The long-term expected rate of return is determined using the long-term rates of return developed by Highmark Capital Management for the Moderately Conservative Investment Strategy as of May 20, 2020.

Current Liability Amount
Current OPEB Liability $ 820,476
Non-Current OPEB Liability 15,952,777
Total OPEB Liability $ 16,773,253
Expected Average Remaining Service Lives (EARSL)
The effects on the total OPEB liability of (1) changes of economic and demographic assumptions or of other inputs and (2) differences between expected and actual experience are required to be included in OPEB expense in a systematic and rational manner over a closed period equal to the average of the expected remaining service lives of all employees that are provided with benefits through the OPEB plan (active employees and inactive employees), beginning in the c urrent period. The expected average remaining service lives (EARSL) for the current period follows. Note, however, that for calculation purposes, we use 1.0 when calculating amortizations if the EARSL is less than 1 year.

EARSL: 5.2 years
Asset Class
Target
Allocation
Asset Class
Expected Return
Equity - Large-Cap Core 16% 7.50%
Equity - Mid-Cap Core 3% 7.80%
Equity - Small-Cap Core 5% 8.70%
Equity - Real Estate 1% 6.70%
Equity - International 4% 7.80%
Equity - Emerging Market 2% 7.80%
Fixed Income - Short-Term Bonds 14% 3.30%
Fixed Income - Intermediate-Term Bonds 49% 4.10%
Fixed Income - High Yield 2% 6.90%
Cash 5% 2.40%
Total/Average 100%
Expected Long-Term Rate of Return 5.47%
Expected Long-Term Rate of Return, Net of Fees 4.97% Expected Volatility 5.07%
Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
51 NOTE 7 - POST-EMPLOYMENT BENEFITS OTHER THAN RETIREMENT (continued) Changes in the Net OPEB Liability
Increase (Decrease)
Total OPEB
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net OPEB
Liability
(c) = (a) – (b)
Balance as of Report Date June 30, 2021 $ 16,285,111 $ 5,082,691 $ 11,202,420 Changes for the year:

Service Cost 474,100 - 474,100
Interest 808,036 - 808,036
Changes of Benefit Terms - - -
Differences Between Expected and
Actual Experience 207,912 - 207,912
Changes of Assumptions - - -
Contributions
Employer – Town’s Contribution - 737,963 (737,963)
Employer - Implicit Subsidy - 209,702 (209,702)
Net Investment Income - 7 14,632 (714,632)
Benefit Payments (792,204) ( 792,204) -
Implicit Subsidy Credit (209,702) (209,702) -
Administrative expenses - (30,848) 30,848
Other Miscellaneous Income/ (Expense) - - - Net Changes 488,142 629,543 (141,401) Balance as of Report Date June 30, 2022 $ 16,773,253 $ 5,712,234 $ 11,061,019 Sensitivity of Liabilities to Changes in the Discount Rate and Healthcare Cost Trent Rate Sensitivity of the total and net OPEB liability to changes in the discount rate. The total and net OPEB liability of the Town, as well as what the Town’s total and net OPEB liability would be if they were calculated using a discount rate that is one percentage point lower ( 3.97%) or one percentage point higher (5.97%) follows:
1% Decrease
(3.97%)
Discount Rate
(4.97%)
1% Increase
(5.97%)
Total OPEB Liability (Asset) $ 18,869,631 $ 16,773,253 $ 15,038,550 Increase (Decrease) 2,096,378 (1,734,703)
% Change 12.5% -10.3%
Net OPEB Liability (Asset) $ 13,157,397 $ 11,061,019 $ 9,326,316 Increase (Decrease) 2,096,378 (1,734,703)
% Change 19.0% -15.7%
Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The healthcare trend for this valuation started at 6.50% and decreased to 4.04% over 56 years. The total OPEB liability of the Town, as well as what the Town’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower (5.50%) or one percentage point higher (7.50%) than current healthcare cost trend rates follows:

Town of Colma

NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2022
52 NOTE 7 - POST-EMPLOYMENT BENEFITS OTHER THAN RETIREMENT (concluded) 1% Decrease
(5.50%)
Trend Rate
(6.50%)
1% Increase
(7.50%)
Total OPEB Liability (Asset) $ 14,780,689 $ 16,773,253 $ 19,211,580 Increase (Decrease) (1,992,564) 2,438,327
% Change -11.9% 14.5%
Net OPEB Liability (Asset) $ 9,068,455 $ 11,061,019 $ 13,499,346 Increase (Decrease) (1,992,564) 2,438,327
% Change -18.0% 22.0%
OPEB Expense and Deferred Inflows and Outflows of Resources Related to OPEB For the year ended June 30, 2022, the Town recognized an OPEB expense of $680,326. The Town reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Fiscal Year Ended
2023 $ (382,166)
2024 (407,686)
2025 (394,944)
2026 (96,701)
2027 14,435
Remaining -
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between actual and expected experience $ 702,985 $ (766,922) Changes of assumptions 32,897 (883,436)
Net difference between projected and actual earnings
on OPEB plan investments - (352,586)
Contributions subsequent to measurement date 1,518,048 - Total $ 2,253,930 $ (2, 002,944)
Required Supplementary Information
Annual Comprehensive Financial Reports
June 30, 2022

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Annual Comprehensive Financial Reports
June 30, 2022

Actual Variance with
Original Final Amounts Final Budget

REVENUES
Sales tax 12,000,000$ 12,000,000$ 13,864,749$ 1,864,749$ Cardroom tax 3,512,000 3,512,000 4,340,144 828,144 Property and other taxes 640,492 640,492 715,777 75,285 Other taxes 146,816 146,816 157,107 10,291 Licenses and permits 281,176 281,176 215,865 (65,311) Fines and forfeits 94,000 94,000 101,573 7,573 Intergovernmental 328,020 328,020 - (328,020) Use of money and property 277,685 277,685 (996,080) (1,273,765) Other revenues 54,713 54,713 88,910 34,197 Charges for services 196,362 196,362 81,003 (115,359) Total revenues 17,531,264 17,531,264 18,569,048 1,037,784

EXPENDITURES
Current:

General government 4,531,490 4,531,490 4,144,914 386,576 Public safety 8,972,571 8,972,571 7,743,379 1,229,192 Public works 2,213,058 2,213,058 2,128,403 84,655 Planning 451,000 451,000 429,366 21,634 Recreation 1,015,635 1,015,635 915,683 99,952 Total expenditures 17,183,754 17,183,754 15,361,745 1,822,009 Excess (deficiency) of
revenues over expenditures 347,510 347,510 3,207,303 2,859,793

OTHER FINANCING SOURCES (USES)
Transfers in 3,000,000 3,000,000 - (3,000,000) Transfers out (4,067,781) (4,067,781) (1,308,464) 2,759,317 Total other financing sources (uses) (1,067,781) (1,067,781) (1,308,464) (240,683) Net change in fund balance (720,271)$ (720,271)$ 1,898,839 2,619,110$ Fund balance, beginning of period 35,045,992
Fund balance, end of period 36,944,831$
Amounts
(UNAUDITED)
Town of Colma

REQUIRED SUPPLEMENTARY INFORMATION

BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
For the Year Ended June 30, 2022
Budgeted
53 Town of Colma
Required Supplementary Information (Unaudited)

NOTES TO THE BUDGETARY COMPARISON SCHEDULE
For the Fiscal Year Ended June 30, 2022
54 The Town follows these procedures in establishing the operating budgetary data reflected in the financial statements:
 Prior to June 30, the Town Manager submits to the Town Council a proposed annual operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means for financing them. Public hearings are conducted to obtain taxpayer comments.
 The budget is legally enacted through passage of a resolution during a regular Town Council meeting in the month of June.
 The Town Manager may transfer budgeted amounts within a fund; however, any revision that alter the total expenditures of any fund must be approved by the Town Council.  Formal budgetary integration is employed as a management control device during the year for the General Fund, Special Revenue Funds, Debt Service Fund, Enterprise Funds, and the Capital Project Funds. These are the only funds with legally adopted budgets.  Budgets are adopted on a basis consistent with US. GAAP, except for Capital Project Fund expenditures, which are budgeted for the life of the project.  Budgeted amounts are as originally adopted or as amended by the Town Council.  Encumbrance accounting is employed as an extension of formal budgetary integration in the governmental fund types. Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditures of monies are recorded in order to reserve that portion of the applicable appropriation. Encumbrances outstanding at year-end are recorded as reservations of fund balance since they do not constitute expenditures or liabilities. Outstanding encumbrances at year-end are automatically re-appropriated for the following year. Unencumbered and unexpended appropriations lapse at year-end unless Town Council takes action in the form of a resolution to continue the appropriations into the following fiscal year.

Measurement Date, June 30 2021 2020 2019 2018 2017 2016 2015 2014 Proportion of the net pension liability 0.03120% 0.05286% 0.05113% 0.07851% 0.07722% 0.07743% 0.08263% 0.07547% Proportion share of the net pension liability 592,343$ 2,229,557$ 2,047,539$ 2,958,883$ 3,044,014$ 2,689,973$ 2,267,047$ 1,865,120$ Covered - employee payroll 2,213,088$ 2,174,997$ 1,915,941$ 1,714,156$ 1,569,041$ 1,439,421$ 1,680,743$ 1,818,575$ Proportionate share of the net pension liability 26.77% 102.51% 106.87% 172.61% 194.00% 156.93% 144.49% 129.57% as percentage of covered-employee payroll
Plan fiduciary net position as a percentage of
the total pension liability 71.95% 82.32% 82.50% 71.95% 73.31% 74.06% 78.40% 79.82% * Fiscal year 2015 was the 1st year of implementation.

Town of Colma

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - MISCELLANEOUS
June 30, 2022
55 Measurement Date, June 30 2021 2020 2019 2018 2017 2016 2015 2014 Proportion of the net pension liability 0.12949% 0.13145% 0.12891% 0.12783% 0.12783% 0.19457% 0.19974% 0.20336% Proportion share of the net pension liability 4,541,265$ 8,757,960$ 8,047,143$ 7,539,448$ 7,638,175$ 6,759,099$ 5,479,917$ 5,026,111$ Covered - employee payroll 2,686,851$ 2,672,295$ 2,666,824$ 2,316,450$ 2,180,395$ 2,164,223$ 1,881,631$ 2,050,734$ Proportionate share of the net pension liability 169.02% 327.73% 301.75% 325.47% 350.31% 312.31% 291.23% 267.11% as percentage of covered-employee payroll
Plan fiduciary net position as a percentage of
the total pension liability 73.31% 75.11% 75.54% 75.31% 73.31% 74.06% 78.40% 79.82% * Fiscal year 2015 was the 1st year of implementation.

Town of Colma

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - SAFETY
June 30, 2022
56 Fiscal Year Ending June 30 2022 2021 2020 2019 2018 2017 2016 2015 Contractually required contribution
(actuarially determined) 469,416$ 508,104$ 572,633$ 1,429,544$ 333,699$ 294,899$ 359,763$ 226,748$ Contributions in relation to the
actuarially determined contributions (469,416) (508,104) (572,633) (1,429,544) (333,699) (290,520) (249,024) (226,748) Contribution deficiency (excess) -$ -$ -$ -$ -$ 4,379$ 110,739$ -$ Covered - employee payroll 2,306,369$ 2,377,024$ 2,174,997$ 1,915,941$ 1,714,156$ 1,569,041$ 1,439,421$ 1,680,743$ Contributions as a percentage of
covered-employee payroll 20.35% 21.38% 26.33% 74.61% 19.47% 18.79% 24.99% 13.49% Notes to Schedule:
* Fiscal year 2015 was the 1st year of implementation.

Benefit Changes: There were no changes to benefit terms that applied to all members of the Public Agency Pool.

Changes of Assumptions: There were no changes of assumptions.

Town of Colma

SCHEDULE OF CONTRIBUTIONS - MISCELLANEOUS
June 30, 2022
Town Miscellaneous Plan
57 Fiscal Year Ending June 30 2022 2021 2020 2019 2018 2017 2016 2015 Contractually required contribution
(actuarially determined) 1,305,577$ 1,404,495$ 1,317,296$ 1,050,947$ 930,366$ 788,713$ 820,095$ 712,647$ Contributions in relation to the
actuarially determined contributions (1,305,577) (1,404,495) (1,317,296) (1,050,947) (930,366) (757,355) (687,933) (712,647) Contribution deficiency (excess) -$ -$ -$ -$ -$ 31,358$ 132,162$ -$ Covered - employee payroll 2,720,272$ 2,325,564$ 2,672,295$ 2,666,824$ 2,316,450$ 2,180,395$ 2,164,223$ 1,881,631$ Contributions as a percentage of
covered-employee payroll 47.99% 60.39% 49.29% 39.41% 40.16% 36.17% 37.89% 37.87% Notes to Schedule:
* Fiscal year 2015 was the 1st year of implementation.

Benefit Changes: There were no changes to benefit terms that applied to all members of the Public Agency Pool.

Town of Colma

SCHEDULE OF CONTRIBUTIONS - SAFETY
June 30, 2022
Changes of Assumptions: There were no changes of assumptions.

Town Miscellaneous Plan
58 Fiscal year 2022 2021 2020 2019 2018
Total OPEB Liability
Service cost 474,100$ 657,975$ 780,902$ -$ 758,157$ Interest 808,036 932,475 901,033 58,173 843,948 Benefit payments, included refunds of employee contributions (792,204) (690,829) (620,318) (57,557) (508,719) Change in assumptions 207,912 (24,222) 56,399 (1,954,200) - Difference between actual and expected experience - (1,246,250) 175,759 973,195 - Implicit Subsidy Credit (209,702) (157,130) (142,283) - (100,546) Net change in total OPEB liability 488,142 (527,981) 1,151,492 (980,389) 992,840 Total OPEB liability - beginning of year 16,285,111 16,813,092 15,661,600 16,641,989 15,649,149 Total OPEB liability - end of year 16,773,253$ 16,285,111$ 16,813,092$ 15,661,600$ 16,641,989$ Plan Fiduciary Net Position
Net investment income 714,632$ 214,352$ 245,743$ 27,073$ 116,812$ Contributions
Employer - explicit subsidy 737,963 1,475,265 1,698,720 74,086 1,536,095 Employer - implicit subsidy 209,702 157,130 142,283 41,737 100,546 Benefit payments, included refunds of employee contributions (792,204) (690,829) (620,318) (57,557) (508,719) Implicit Subsidy Credit (209,702) (157,130) (142,283) (41,737) (100,546) Administrative expense (30,848) (24,347) (8,541) (17) (5,300) Net change in plan fiduciary net position 629,543 974,441 1,315,604 43,585 1,138,888 Plan fiduciary net position - beginning of year 5,082,691 4,108,250 2,792,646 2,749,061 1,610,173 Plan fiduciary net position - end of year 5,712,234 5,082,691 4,108,250 2,792,646 2,749,061 Town's net OPEB liability - end of year 11,061,019$ 11,202,420$ 12,704,842$ 12,868,954$ 13,892,928$ Plan fiduciary net position as a percentage of the total OPEB liability 34.06% 31.21% 24.43% 17.83% 16.52%
Covered-employee payroll 3,394,233$ 3,233,237$ 6,600,414$ 6,423,761$ 4,068,515$ Net OPEB liability as a percentage of covered-employee payroll 325.88% 346.48% 192.49% 200.33% 341.47%
The schedules present information toillustrate changes in the Town of Colma's changesin the net OPEB liability over aten year period when the information is available.

Town of Colma

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CHANGE IN THE NET OPEB LIABILITY AND RELATED RATIOS For the Year Ended June 30, 2021
59 2022 2021 2020 2019 2018
Actuarially determined contribution 1,385,258$ 1,657,517$ 1,869,678$ -$ 1,636,641$ Contributions in relation to the actuarially determined contribution (947,665) (1,632,395) (1,841,003) (115,823) (1,636,641) Contribution deficiency (excess) 437,593$ 25,122$ 28,675$ (115,823)$ -$ Covered payroll 3,394,233$ 3,233,237$ 6,600,414$ 6,423,761$ 4,068,515$ Contributions as a percentage of covered payroll 27.92% 50.49% 27.89% 1.80% 40.23% Notes to Schedule:

Assumptions and Methods
Actuarial cost method Entry age normal, level percent of pay Amortization method Closed period, level percent of pay Amortization period 20 years
Inflation 2.50%
Assumed Rate of Payroll Growth 2.75%
Healthcare trend rates 7.00%, trending down to 4.04%
Rate of return on assets 5.74%
Mortality rate CalPERS rates
Retirement rates CalPERS rates
The schedules present information to illustrate changes in the Town of Colma's contributions over a ten year period when the information is available.

Town of Colma

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF TOWN OF COLMA'S CONTRIBUTIONS - OPEB
For the Year Ended June 30, 2021
60 Supplementary Information
Annual Comprehensive Financial Reports
June 30, 2022

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Annual Comprehensive Financial Reports
June 30, 2022
Street Total
Housing Local law Improvement Nonmajor
Impact Public Safety Enforcement Capital Debt Governmental Gas Tax Measure A Fee Measure W Grants Grants Project Fund Service Funds ASSETS
Cash and investments 126,634$ 152,263$ 277,255$ 89,445$ 6,315$ 20,990$ 1,023,637$ -$ 1,696,539$ Restricted cash and investments - - - - - - - 39 39
Receivables from other governments 5,759 5,234 - - - 219 - - 11,212 Total assets 132,393$ 157,497$ 277,255$ 89,445$ 6,315$ 21,209$ 1,023,637$ 39$ 1,707,790$

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 5,540$ -$ -$ -$ -$ 156$ 7,442$ -$ 13,138$ Total liabilities 5,540 - - - - 156 7,442 - 13,138
Fund balances:

Restricted 126,853 157,497 277,255 89,445 6,315 21,053 - 39 678,457 Assigned for capital - - - - - - 1,016,195 - 1,016,195 Total fund balances 126,853 157,497 277,255 89,445 6,315 21,053 1,016,195 39 1,694,652 Total liabilities and fund balances 132,393$ 157,497$ 277,255$ 89,445$ 6,315$ 21,209$ 1,023,637$ 39$ 1,707,790$ Special Revenue Funds
Town of Colma

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
June 30, 2022
61 Street Total
Housing Local Law Improvement Nonmajor
Impact Public Safety Enforcement Capital Debt Governmental Gas tax Measure A Fee Measure W Grants Grant Fund Projects Fund Service Funds Revenues:

Intergovernmental 74,376$ 77,753$ -$ 28,461$ -$ 161,285$ 206,060$ -$ 547,935$ Investment income (loss) (547) (632) (1,308) (387) - (255) (4,334) 40 (7,423) Total revenues 73,829 77,121 (1,308) 28,074 - 161,030 201,726 40 540,512 Expenditures:

Current:

General government - - - - - - - 3,350 3,350 Public safety - - - - - 218,566 - - 218,566 Public works 30,590 - - - - - - 30,590 Capital outlay 39,552 39,552
Debt service:

Principal - - - - - - - 125,000 125,000 Interest - - - - - - - 169,569 169,569 Total expenditures 30,590 - - - - 218,566 39,552 297,919 586,627 Excess (deficiency) of revenues over
expenditures 43,239 77,121 (1,308) 28,074 - (57,536) 162,174 (297,879) (46,115) Other financing sources (uses):

Transfers in - - - - - - - 298,725 298,725 Total other financing sources (uses) - - - - - - - 298,725 298,725 Net change in fund balances 43,239 77,121 (1,308) 28,074 - (57,536) 162,174 846 252,610 Fund balances, July 1 83,614 80,376 278,563 61,371 6,315 78,589 854,021 (807) 1,442,042 Fund balances (deficit), June 30 126,853$ 157,497$ 277,255$ 89,445$ 6,315$ 21,053$ 1,016,195$ 39$ 1,694,652$ Special Revenue Funds
Town of Colma

COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND

NONMAJOR GOVERNMENTAL FUNDS
For the Fiscal Year Ended June 30, 2022

CHANGES IN FUND BALANCES
62 Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
Revenues
Intergovernmental 80,552$ 74,376$ (6,176)$ 69,600$ 77,753$ 8,153$ Investment income (loss) 1,500 (547) (2,047) 3,000 (632) (3,632) Total revenues 82,052 73,829 (8,223) 72,600 77,121 4,521 Expenditures
Current:

Public works 30,000 30,590 (590) - - - Total expenditures 30,000 30,590 (590) - - - Excess (deficiency) 52,052 43,239 (8,813) 72,600 77,121 4,521 Other financing sources (uses)
Transfers out - - - (102,000) - 102,000 Total other financing sources (uses) - - - (102,000) - 102,000 Net change in fund balances 52,052 43,239 (8,813) (29,400) 77,121 106,521 Fund balance, July 1 83,614 83,614 - 80,376 80,376 - Fund balance, June 30 135,666$ 126,853$ (8,813)$ 50,976$ 157,497$ 106,521$

NONMAJOR GOVERNMENTAL FUNDS
For the Fiscal Year Ended June 30, 2022
Gas Tax Measure A
Special Revenues Funds
Town of Colma

COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
63 Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
Revenues
Intergovernmental -$ -$ -$ 32,000$ 28,461$ (3,539)$ Investment income (loss) 3,000 (1,308) (4,308) - (387) (387) Total revenues 3,000 (1,308) (4,308) 32,000 28,074 (3,926) Excess (deficiency) 3,000 (1,308) (4,308) 32,000 28,074 (3,926) Other financing sources (uses):

Transfer out - - - (31,950) - 31,950 Total other financing sources (uses): - - - (31,950) - 31,950 Net change in fund balances 3,000 (1,308) (4,308) 50 28,074 28,024 Fund balance, July 1 278,563 278,563 - 61,371 61,371 - Fund balance, June 30 281,563$ 277,255$ (4,308)$ 61,421$ 89,445$ 28,024$ Housing Impact Fee Measure W
Special Revenues Funds
Town of Colma

COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL

NONMAJOR GOVERNMENTAL FUNDS
For the Fiscal Year Ended June 30, 2022
64 Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
Revenues
Intergovernmental -$ -$ -$ 100,000$ 161,285$ 61,285$ Investment income (loss) - - - 1,000 (255) (1,255) Total revenues - - - 101,000 161,030 60,030 Expenditures
Current:

Public safety 6,000 - 6,000 184,128 218,566 (34,438) Total expenditures 6,000 - 6,000 184,128 218,566 (34,438) Excess (deficiency) (6,000) - 6,000 (83,128) (57,536) 25,592 Fund balance, July 1 6,315 6,315 - 78,589 78,589 - Fund balance, June 30 315$ 6,315$ 6,000$ (4,539)$ 21,053$ 25,592$ Special Revenues Funds
Police Safety Grant Local Law Enforcement Grant Fund
Town of Colma

COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL

NONMAJOR GOVERNMENTAL FUNDS
For the Fiscal Year Ended June 30, 2022
65 This Page Left Intentionally Blank
Annual Comprehensive Financial Reports
June 30, 2022
Statistical Section
Annual Comprehensive Financial Reports
June 30, 2022

66 Town of Colma
Net Position by Component
Last Ten Fiscal Years
(Accrued Basis of Accounting)
Source: Audited Financial Statements
2013 2014 2015 2016
Governmental activities:

Invested in capital assets,
net of related debt 31,939,040$ 44,599,385$ 46,404,513$ 46,657,014$ Restricted 958,050 0 0 0
Unrestricted 31,280,801 20,760,067 15,999,908 17,650,250 Total governmental activities
net position 64,177,891$ 65,359,452$ 62,404,421$ 64,307,264$ Business-type activities:

Invested in capital assets,
net of related debt 0$ 0$ 0$ 0$
Restricted 0 0 0 0
Unrestricted 0 0 0 0
Total business-type activities
net position 0$ 0$ 0$ 0$
Primary government:

Invested in capital assets,
net of related debt 22,398,018$ 25,161,698$ 27,586,964$ 28,790,829$ Restricted 651,518 3,935,816 3,175,336 960,737
Unrestricted 12,464,814 11,133,395 10,451,059 10,511,200 Total net position 35,514,350$ 40,230,909$ 41,213,359$ 40,262,766$ 67 2017 2018 2019 2020 2021 2022
43,276,758$ 50,892,687$ 53,214,320$ 53,465,830$ 53,730,885$ 52,213,317$ 0 0 0 6,540,968 7,643,752 10,143,564
24,533,197 12,890,420 9,642,870 8,964,947 10,781,849 13,221,403 67,809,955$ 63,783,107$ 62,857,190$ 68,971,745$ 72,156,486$ 75,578,284$ 0$ 0$ 2,423,416$ 2,421,545$ 2,335,896$ 2,250,249$ 0 0 0 0 0 0
0 0 102,214 143,283 237,526 305,213
0$ 0$ 2,525,630$ 2,564,828$ 2,573,422$ 2,555,462$ 30,133,560$ 30,966,750$ 30,310,313$ 55,887,375$ 56,066,781$ 54,463,566$ 1,507,673 1,787,750 1,520,545 6,540,968 7,643,752 10,143,564 7,498,462 7,576,655 10,199,953 9,108,230 11,019,375 13,526,616 39,139,695$ 40,331,155$ 42,030,811$ 71,536,573$ 74,729,908$ 78,133,746$ 68 Town of Colma
Changes in Net Position
Last Ten Fiscal Years
(Accrued Basis of Accounting)
* City Council approved the creation of two business-type activities in October 2018.

Source: Audited Financial Statements
2013 2014 2015 2016 2017 2018
Expenses:

Governmental activities*:

General government 3,346,125$ 2,967,299$ 3,903,936$ 3,187,043$ 2,821,469$ 3,158,045$ Public safety 6,913,654 6,257,453 2,832,021 7,027,124 5,693,256 7,877,748 Public works 3,047,313 3,915,614 4,285,679 4,216,784 4,519,003 4,256,204 Recreation & parks 1,058,521 908,687 946,869 968,178 1,066,457 1,210,189 Planning 573,399 417,626 410,942 512,090 470,802 443,700 Interest on long-term debts 575,585 483,814 0 114,087 185,669 183,469 Total governmental activities expenses 15,514,597 14,950,493 12,379,447 16,025,306 14,756,656 17,129,355 Business-type activities:

Sewer 0 0 0 0 0 0
City Properties 0 0 0 0 0 0
Total business-type activities expenses 0 0 0 0 0 0
Total primary government expenses 15,514,597 14,950,493 12,379,447 16,025,306 14,756,656 17,129,355 Program revenues:

Governmental activities:

Charges for services:

General government 0 20,175 0 0 0 0
Public safety 67,536 102,641 106,935 68,225 250,905 97,848 Public works 421,062 709,810 826,619 500,000 290,067 1,194,533 Recreation & parks 82,825 71,176 78,592 524,317 580,133 142,078 Planning 421,063 100,113 109,561 281,687 476,222 264,422 Operating contributions and grants 0 0 138,809 282,497 156,775 230,352 Capital contributions and grants 2,314,303 479,793 0 0 169,204 283,634 Total governmental activities program revenues 3,306,789 1,483,708 1,260,516 1,656,726 1,923,306 2,212,867 Business-type activities*:

Charges for services:

Sewer 0 0 0 0 0 0
City Properties 0 0 0 0 0 0
Capital contributions and grants 0 0 0 0 0 0
Total business-type activities program revenues 0 0 0 0 0 0 Total primary government program revenues 3,306,789 1,483,708 1,260,516 1,656,726 1,923,306 2,212,867 Net revenues (expenses)
Government activities (12,207,808) (13,466,785) (11,118,931) (14,368,580) (12,833,350) (14,916,488) Business-type activities * 0 0 0 0 0 0
Total net revenues (expenses) (12,207,808) (13,466,785) (11,118,931) (14,368,580) (12,833,350) (14,916,488) General revenues and other changes in net position:

Governmental revenues:

Taxes
Property taxes 354,574 617,618 472,157 617,172 578,560 601,116 Sales taxes 5,517,652 6,232,713 6,843,923 10,851,063 11,202,349 11,397,118 Cardroom taxes 4,957,234 4,703,462 4,140,070 4,039,518 4,290,660 4,352,743 Other taxes and fees 74,736 105,257 2,454,113 115,585 223,883 134,789 Use of money/property and interest earnings 496,197 503,140 615,754 473,432 247,803 416,023 Other revenues 70,307 41,408 122,329 174,653 242,786 113,922 Transfers 0 0 0 0 0 0
Total governmental activities 11,470,700 12,203,598 14,648,346 16,271,423 16,786,041 17,015,711 Business-type activities*:

Use of money and property 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
Total business-type activities 0 0 0 0 0 0
Total primary government 11,470,700 12,203,598 14,648,346 16,271,423 16,786,041 17,015,711 Changes in net position
Governmental activities (737,108) (1,263,187) 3,529,415 1,902,843 3,952,691 2,099,223 Business-type activities * 0 0 0 0 0 0
Total primary government (737,108)$ (1,263,187)$ 3,529,415$ 1,902,843$ 3,952,691$ 2,099,223$ 69 2019 2020 2021 2022
4,735,196$ 3,803,188$ 4,424,559$ 4,213,372$ 7,711,938 7,173,372 8,305,408 6,278,924 5,673,752 3,044,965 4,183,431 3,524,250 1,250,971 1,021,257 879,315 1,061,937 315,743 414,973 74,881 312,128 181,268 178,969 174,369 169,569 19,868,868 15,636,724 18,041,963 15,560,180 932,502 948,619 1,044,830 894,537 161,814 158,516 159,323 191,411 1,094,316 1,107,135 1,204,153 1,085,948 20,963,184 16,743,859 19,246,116 16,646,128 0 0 0 0
25,417 122,934 114,569 125,593 167,165 172,061 259,022 172,488 83,662 58,396 22,797 42,846 115,036 117,317 103,262 57,514 237,521 238,989 719,770 202,161 442,309 256,757 1,158,693 376,224 1,071,110 966,454 2,378,113 976,826 824,239 850,366 987,697 754,501 193,308 190,931 192,722 195,442 2,416,096 0 0 0
3,433,643 1,041,297 1,180,419 949,943 4,504,753 2,007,751 3,558,532 1,926,769 (18,797,758) (14,670,270) (15,663,850) (14,583,354) 2,339,327 (65,838) (23,734) (136,005) (16,458,431) (14,736,108) (15,687,584) (14,719,359) 640,080 680,615 622,787 715,777 12,066,527 10,520,000 13,620,617 13,864,749 4,520,957 3,319,059 2,213,814 4,340,144 131,862 140,997 141,021 157,107 679,643 942,128 1,231,305 (1,044,387) (167,224) 115,716 1,049,962 91,028 (185,480) (98,253) (30,915) (119,267) 17,686,365 15,620,262 18,848,591 18,005,151 823 6,782 1,413 (1,222)
185,480 98,253 30,914 119,267 186,303 105,035 32,327 118,045 17,872,668 15,725,297 18,880,918 18,123,196 (1,111,393) 949,992 3,184,741 3,421,797 2,525,630 39,197 8,593 (17,960) 1,414,237$ 989,189$ 3,193,334$ 3,403,837$ 70 Town of Colma
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrued Basis of Accounting)
Source: Audited Financial Statements
2013 2014 2015 2016
General Fund
Reserved 98,956$ 0$ 0$ 0$
Restricted - Pension & OPEB 0 0 0 0
Committed 24,552,790 20,100,000 13,576,000 14,287,000 Assigned 10,319,919 6,417,979 950,000 950,000 Unassigned 950,000 950,000 13,591,913 7,357,248 Total General Fund 4,564,602$ 5,223,779$ 5,410,511$ 5,777,882$ All other governmental funds
Restricted 958,050$ 0$ 0$ 4,343,192$
Committed 203,792 79,249 71,557 8,980,111 Unassigned 0 0 (47,219) 0
Total all other
governmental funds 4,633,079$ 3,441,870$ 1,820,403$ 1,311,759$ 71 2017 2018 2019 2020 2021 2022
0$ 0$ 0$ 0$ 0$ 0$
0 0 0 6,540,968 7,643,752 9,465,107
14,287,000 15,542,000 13,250,000 13,315,000 13,031,341 16,205,670 950,000 950,000 950,000 950,000 950,000 950,000 6,310,836 7,965,214 10,982,278 9,568,432 13,266,365 10,324,054 3,303,979$ 3,276,433$ 5,705,162$ 30,374,400$ 34,891,458$ 36,944,831$ 1,729,570$ 0$ 0$ 0$ 0$ 678,457$
13,839,459 8,399,613 3,721,232 4,499,197 0 3,141,194 0 (11,269) 0 0 3,014,294 0
1,398,517$ 2,142,245$ 2,039,169$ 4,499,197$ 3,014,294$ 3,819,651$ 72 Town of Colma
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrued Basis of Accounting)
Source: Audited Financial Statements
2013 2014 2015 2016 2017
Revenues:

Property taxes 617,618$ 472,157$ 554,778$ 617,172$ 578,560$ Sales taxes 6,232,713 6,843,923 10,327,853 10,851,063 11,202,349 Cardroom taxes 4,703,462 4,140,070 3,774,885 4,039,518 4,290,660 Other taxes 105,257 2,454,113 138,463 115,585 136,895 Licenses and permits 114,546 100,113 109,724 281,687 372,321 Fines and forfeits 67,536 66,611 65,785 68,225 64,740 Intergovernmental 2,314,303 479,793 407,960 282,497 412,967 Use of money and property 503,140 615,754 427,801 473,432 247,803 Other revenues 41,408 122,329 148,351 222,156 242,786 Charges for services 810,404 837,191 946,198 1,024,317 1,160,266 Total revenues 15,510,387 16,132,054 16,901,798 17,975,652 18,709,347 Expenditures
Current:

General government 2,921,076 2,967,299 3,903,936 3,194,543 2,821,469 Public safety 5,445,546 5,397,761 4,961,165 5,748,812 6,280,151 Public works 2,936,622 3,299,749 6,083,862 4,730,141 6,575,487 Recreation 880,931 908,687 946,869 973,178 1,066,457 Planning 395,809 417,626 410,942 512,090 470,802 Capital outlay 0 0 0 0 0
Debt service:

Principal 385,000 12,100,000 0 180,000 110,000 Interest 572,884 577,209 0 114,087 185,669 Total expenditures 13,537,868 25,668,331 16,306,774 15,452,851 17,510,035 Excess (deficiency) of revenues
over (under) expenditures 1,972,519 (9,536,277) 595,024 2,522,801 1,199,312 Other financing sources (uses)
Transfers in 1,230,450 12,246,681 0 9,833,630 5,848,997 Transfers out (1,230,450) (12,246,681) 0 (9,833,630) (5,848,997) Issuance of long-term debt 0 0 0 5,252,497 0
Other financing sources (uses) 0 0 0 5,252,497 0
Net change in fund balances 1,884,758$ (229,980)$ (1,026,026)$ (738,208)$ (2,646,160)$ Debt service as a percentage of
noncapital expenditures 7.1% 49.4% 0.0% 1.9% 1.7%
73 2018 2019 2020 2021 2022
601,116$ 640,080$ 680,615$ 622,787$ 715,777$ 11,397,118 12,066,527 10,520,000 13,620,617 13,864,749 4,352,743 4,520,957 3,319,059 2,213,814 4,340,144 127,789 131,862 140,997 141,021 157,107 278,046 123,626 275,241 348,147 215,865 73,907 103,519 105,387 108,484 101,573 432,281 594,307 495,745 1,878,463 547,935 416,023 668,061 905,349 1,225,134 (1,010,887) 392,804 59,808 111,160 1,049,962 91,028 1,156,751 123,216 90,080 43,019 81,003 19,228,578 19,031,963 16,643,633 21,251,448 19,104,294
3,158,045 4,735,196 3,782,765 3,935,005 4,148,264 7,214,813 8,422,400 7,164,037 8,159,646 7,961,945 11,312,133 7,766,952 3,050,446 4,851,515 2,158,993 1,108,920 1,250,971 1,033,665 652,133 915,683 443,700 315,743 414,973 295,709 429,366 0 0 0 0 372,011
110,000 115,000 115,000 120,000 125,000 183,469 181,268 178,969 174,369 169,569 23,531,080 22,787,530 15,739,855 18,188,377 16,280,831
(4,302,502) (3,755,567) 903,778 3,063,071 2,823,463
1,215,893 3,332,131 1,612,830 1,472,612 1,189,197 (1,215,893) (3,517,611) (1,711,083) (1,503,527) (1,308,464) 0 0 0 0 0
0 (185,480) (98,253) (30,915) (119,267)
14,479$ 2,325,654$ 805,525$ 3,032,156$ 2,704,196$

1.2% 1.3% 1.9% 1.6% 1.9%
74 Town of Colma
Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(a) Assessed values presented are net of exemptions. The State Constitution requires property to be assessed at one hundred percent of the most recent purchase price, plus an increment of no more than two percent annually, plus any local over-rides. These values are considered to be full market values. (b) 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. The Town of Colma has seven tax rate areas.

Fiscal year Taxable Total % change Property tax
ended Less assessed direct tax in assessed revenue per
June 30 Secured roll Unsecured roll exemptions value rate value fin stmt 2013 520,782,477 36,007,528 542,325 557,332,330 0.077% 5.34% 617,618 2014 534,119,184 36,578,906 542,325 571,240,415 0.072% 2.50% 472,157 2015 577,284,551 36,807,516 542,325 614,634,392 0.069% 7.60% 554,778 2016 583,049,863 38,607,884 723,100 622,380,847 0.072% 1.26% 617,172 2017 600,830,262 34,339,922 723,100 635,893,284 0.074% 2.17% 578,560 2018 618,149,159 32,961,152 723,100 651,833,411 0.078% 2.51% 601,116 2019 643,021,845 33,927,523 723,100 677,672,468 0.079% 3.96% 640,080 2020 681,306,233 31,900,343 903,875 714,110,451 0.095% 5.38% 680,615 2021 722,641,283 35,183,210 903,875 758,728,368 0.082% 6.25% 622,787 2022 738,218,475 32,688,519 903,875 771,810,869 0.093% 1.72% 715,777 75 Town of Colma
Property Tax Rates – Direct and Overlapping Governments Last Ten Fiscal Years
Source: San Mateo County Assessor’s 2012-13 Through 2021-22 Tax Rate Table Fiscal Year Basic Levy 1
Jefferson
Elementary
Jefferson
High Bond
San Mateo
Communtiy
College 2005
Series B
San Mateo
Junior
College
San Mateo
Junior Comm
College
South San
Francisco
Unified
Total Direct
&
Overlapping
Tax Rates
City's Share
of 1% Basic
Levy
2013 1.00000 0.03160 0.04300 0.00000 0.01940 0.00000 0.03270 1.12670 0.09297 2014 1.00000 0.07130 0.05740 0.00000 0.01940 0.00000 0.03280 1.18090 0.09297 2015 1.00000 0.06620 0.05300 0.00000 0.01900 0.00000 0.05130 1.18950 0.09297 2016 1.00000 0.06740 0.05830 0.00000 0.02500 0.00000 0.04570 1.19640 0.09297 2017 1.00000 0.06800 0.08000 0.00000 0.02470 0.00000 0.04670 1.21940 0.09297 2018 1.00000 0.06630 0.08160 0.00000 0.02350 0.00000 0.03660 1.20800 0.09297 2019 1.00000 0.05630 0.07390 0.00000 0.01750 0.00000 0.04220 1.18990 0.09297 2020 1.00000 0.06670 0.08110 0.00350 0.02310 0.00000 0.03810 1.21250 0.09297 2021 1.00000 0.06670 0.09420 0.00370 0.01760 0.00000 0.03500 1.21720 0.09297 2022 1.00000 0.06030 0.06500 0.00000 0.00000 0.02270 0.03520 1.18320 0.09297 Agency
76 Town of Colma
Principal Taxpayer
Current Year and Ten Years Ago
Source: San Mateo County Assessor 2012/13 and 2021/22 Combined Tax Rolls and the SBE Non Unitary Tax Roll 2022 2013
Percentage Percentage
of net of net
Assessed assessed Assessed assessed
Taxpayer Type of property value valuation value valuation 280 Metro LP Commercial 115,330,447$ 14.94% 67,199,858$ 12.06% Cole HD Colma California LP Commercial 43,733,266 5.67% 37,688,004 6.76% Robert F Whittey Trust Et Al Recreational 34,718,880 4.50% Extra Space Properties Forty LLC Industrial 27,027,207 3.50% 23,245,775 4.17% Kohl's Department Stores Inc Commercial 25,572,457 3.31% 20,194,047 3.62% Realty Income Trust Commercial 23,033,176 2.98%
Thomas A Price Lessee Commercial 22,966,955 2.98% 19,625,963 3.52% Cypress Lawn Cemetery Associates Institutional 22,818,675 2.96% Gregory Gordon Price Et Al Commercial 22,359,582 2.90% 25,017,996 4.49% BMVT Motors Inc Commercial 21,595,484 2.80%
Best Buy Stores LP Commercial 18,353,885 3.29%
Estate of George R Karadanis Recreational 29,919,680 5.37% Target Corporation Commercial 19,098,367 3.43%
Home Depot USA Inc Commercial 18,218,382 3.27%
Top Ten Total 359,156,129$ 46.53% 278,561,957$ 49.98% City Total 771,810,869$ 557,332,330$
77 Town of Colma
Property Tax Levies and Collections
Last Ten Fiscal Years
The County of San Mateo levies, bills, and collects property taxes for the Town. Under the Teeter Bill, the County remits the entire amount levied and handles the delinquencies, retaining interest and penalties.

Source: San Mateo County Assessor Office 2020-2021 Combined Tax Rolls Town of Colma financial reports
Value of
Collections property
Fiscal
Year Tax Levy % of Chg Amount
% of
Levy
Subsequent
Year (3) Amount
% of
Levy
subject to
local tax rate
2013 354,574$ 6% 354,574$ 100% 354,574$ 100% 557,332,330$ 2014 617,618 74% 617,618 100% 617,618 100% 571,240,415
2015 472,157 -24% 472,157 100% 472,157 100% 614,634,392 2016 617,172 31% 617,172 100% 617,172 100% 622,380,847
2017 578,560 -6% 578,560 100% 578,560 100% 635,893,284
2018 601,116 4% 601,116 100% 601,116 100% 651,833,411
2019 640,080 6% 640,080 100% 640,080 100% 677,672,468
2020 680,615 6% 680,615 100% 680,615 100% 714,110,451
2021 622,787 -8% 622,787 100% 622,787 100% 758,728,368
2022 715,777 15% 715,777 100% 715,777 100% 771,810,869
Collected within FY
Total Collections to
Date
78 Town of Colma
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Prior to fiscal year 2005, the Town had no debt. Details regarding the Town's outstanding debt can be found in Note #5 to financial statements.

The Town entered into a lease agreement in the amount of $2,000,000 in September 2004 to finance the new Town Hall project. In Fiscal Year 2011-12, Town paid-off outstanding loan amount of $1363,047.

The Town received a loan in the amount of $160,000 during fiscal year 2006 to provide funding for energy conservation features of the new building. In fiscal year 2010-11, Town received additional loan in the amount of $47,000 for another energy efficiency project. During Fiscal Year 2015-16 , the Town paid off the loan balance.

Source: Debt Data - Town of COLMA Financial Statements
Population: California Department of Finance
Total governmental Debt
Fiscal Police Station Town Hall activities and per
Year COP COP primary government capita Population
2013 385,000$ -$ 385,000$ 264 1,458 2014 12,100,000 - 12,100,000 8,231 1,470
2015 - - - - 1,471
2016 - 180,000 180,000 119 1,509
2017 - 110,000 110,000 73 1,506
2018 - 110,000 110,000 73 1,501
2019 - 115,000 115,000 76 1,512
2020 - 115,000 115,000 67 1,729
2021 - 120,000 120,000 72 1,659
2022 - 125,000 125,000 91 1,370
79 Town of Colma
Computation of Direct and Overlapping Debt
Last Ten Fiscal Years
Source: California Municipal Statistics
2021-22 Assessed Valuation : $771,810,869
Total Debt Town’s Share of
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2022 % Applicable (1) Debt 6/30/22 San Mateo Community College District $733,897,184 0.290% $2,128,302 South San Franc isco Unified S chool Distric t 164,131,912 0.247 405,406 Jefferson Union High School District 250,808,014 2.780 6,972,463 Jefferson School Distric t 116,340,000 5.615 6,532,491
TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $16,038,661 DIRECT AND OVERLAPPING GENERAL FUND DEBT:

San Mateo County General Fund O bligations $612,605,687 0.290% $1,776,556 San Mateo County Board of Educ ation Certific ates of Partic ipation 6,490,000 0.29 18,821 San Mateo County Flood Control and Sea L LR District General Fund Oblig ations 14,675,000 3.355 492,346 South San Franc isco Unified S chool Distric t General F und Obligations 2,980,000 0.247 7,361 Jefferson Union High School District Certificates of Partic ipation 47,490,000 2.78 1,320,222 Town of Colma Certificates of Participation 4,425,000 100 4,425,000 San Mateo County Mosquito and V ector Control District General Fund O bligations 3,825,000 0.29 11,093 TOTAL OVERLAPPING GENERAL FUND DEBT $8,051,399
TOTAL DIRECT DEBT $4,425,000
TOTAL OVERLAPPING DEBT $19,665,061
COMBINED TOTAL DEBT $24,090,061 (2)
(1) The percentag e of overlapping debt applic able to the tow n is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the ov erlapping district's assessed value that is within the boundaries of the tow n divided by the distric t's total taxable assessed value. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortg age revenue and non-bonded c apital lease oblig ations.

Ratios to 202 0-21 Assessed Valuation :

Direct and Overlapping Tax and Assessment Debt 2.08%
Total Direct Debt ($4,425,000) 0.57%
Combine d Total Debt 3.12%
80 Town of Colma
Legal Debt Margin Information
Last Ten Fiscal Years
The Government Code of the State of California limits the amount of general bonded indebtedness for public improvements to 15% of the assessed valuation of all real and personal property of the Town.

The Town of Colma has no general bonded indebtedness.

Source: San Mateo County Assessor 2021-22 Combined Tax Rolls Fiscal years Total Bonded debt Amount of
ended assessed limit - 15% of debt subject Legal
June 30 valuation assessed valuation to limit debt margin 2013 557,332,330$ 83,599,850$ -$ 83,599,850$ 2014 571,240,415 85,686,062 - 85,686,062
2015 614,634,392 92,195,159 - 92,195,159
2016 622,380,847 93,357,127 - 93,357,127
2017 635,893,284 95,383,993 - 95,383,993
2018 651,833,411 97,775,012 - 97,775,012
2019 677,672,468 101,650,870 - 101,650,870
2020 714,110,451 107,116,568 - 107,116,568
2021 758,728,368 113,809,255 - 113,809,255
2022 771,810,869 115,771,630 - 115,771,630
81 Town of Colma
Demographic and Economic Statistics
Last Ten Fiscal Years
Sources:

Population: California State Department of Finance.

Unemployment Data: California Employment Development Department 2000-2009 Income, Age, Education Data: ESRI - Demographics Estimates are based on the last available Census. 2010 and later - Income, Age, and Education Data - US Census Bureau, most recent American Community Survey % of Pop % of Pop
Personal Per Capita 25+ with 25+ with
Town Income Personal Unemployment High School Bachelor's Year Population (in thousand) Income Rate Median Age Degree Degree 2013 1,458 53,392 36,620 6.3% 30.7 87.9% 30.2% 2014 1,470 53,218 36,203 5.2% 32.1 82.9% 29.5% 2015 1,471 54,449 37,015 4.5% 31.6 84.6% 33.7% 2016 1,509 55,581 36,832 3.6% 30.3 86.3% 35.6% 2017 1,506 49,093 32,598 3.2% 32.2 84.6% 30.9% 2018 1,501 57,369 38,220 3.2% 33.0 89.0% 32.3% 2019 1,512 56,218 37,181 2.3% 36.6 91.0% 28.1% 2020 1,729 58,803 34,009 2.3% 36.0 89.9% 26.8% 2021 1,659 58,079 35,008 8.9% 38.8 86.6% 26.8% 2022 1,370 70,149 51,203 5.7% 36.6 87.8% 31.4% 82 Town of Colma
Principal Employers
Last Ten Fiscal Years
Employer 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Best Buy 155 0 100 139 126 110 110 110 91 92 92
Car Max 0 0 0 0 0 0 0 0 75 68 73
Cypress Lawn 68 68 72 114 164 118 118 118 121 153 152
Home Depot 204 201 193 203 205 187 187 187 193 241 203
Home Depot Pro 172 152 160 156 184 177 177 177 186 200 178 Honda of Serramonte 75 77 77 89 86 97 97 102 103 94 94
Kohl's 158 112 112 112 112 112 112 112 112 112 112
Lexus of Serramonte 80 90 90 100 100 103 103 103 105 79 103 Lucky Chances 638 611 616 601 585 544 544 573 588 199 554 Nordstrom, Inc 67 69 75 0 98 73 73 0 0 0 0
Serramonte Ford 125 151 153 153 175 175 175 170 150 122 150 Steward Chevrolet 63 99 96 105 105 104 104 104 104 102 102 Target 380 416 499 427 355 337 337 337 392 334 334
Totals 2,185 2,046 2,243 2,199 2,295 2,137 2,137 2,093 2,220 1,796 2,147 Source: Colma Business License
83 Town of Colma
Full Time Equivalent Town Government Employees by Function Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Government 5.25 5.25 5.30 6.05 4.75 6.10 7.25 7.95 8.08 7.79 Public safety 24.00 24.00 25.20 25.20 25.20 25.20 25.90 25.90 25.90 23.73 Public Works and Planning 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2.98 Recreation 10.00 10.00 10.50 10.50 11.25 10.00 10.50 10.50 9.50 6.40

42.25 42.25 44.00 44.75 44.20 44.30 46.65 47.35 46.48 40.90 Source: Town of Colma Personnel Records
84 Town of Colma
Operating Indicators by Function
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Police
Business Checks * * 1,595 988 818 713 725 288 1,284 43 Calls for Service * * 4,406 4,326 4,870 5,491 5,000 4,224 6,012 5,770 Community Events * * 75 74 96 119 100 80 72 94 Gang Task Force Hours * * 540 510 528 357 540 530 540 480 Parking citation * * * * 1,805 2,229 1,748 1,992 2,796 1,748 Planning
Plans check 23 37 38 54 72 54 50 47 47 56 Permits Issued 25 28 12 15 20 46 24 22 20 24 Recreation classes and activities offered
Picnic rentals 189 193 213 216 238 237 237 192 16 150 Recreation programs 102 98 131 121 125 130 134 137 64 130 Program Participation 4,566 5,094 5,356 5,757 5,600 5,874 5,900 6,000 5,621 4,800 * Historical data is not available
Source: Town of Colma
85 Town of Colma
Capital Statistics by Function
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Other Town Properties
Number of police station 0 0 1 1 1 1 1 1 1 1 Number of Building at Town Hall 2 2 2 2 2 1 1 1 1 1 Number of Corporation Yard 1 1 1 1 1 1 1 1 1 1 Number of Colma Museum 1 1 1 1 1 1 1 1 1 1 Leisure and Culture
Number of recreation center facilities 2 2 2 2 2 2 2 2 2 2 Number of parks 2 2 2 2 2 2 2 2 2 2 Number of senior housing 18 18 18 18 18 18 18 18 18 18 Drainage and Street Operations
Miles of streets 12 12 12 12 12 12 12 12 12 12 Average Pavement Condition Index Scores 73 78 83 84 83 80 79 79 80 80 Sewer Operations
Miles of sanitary sewer 32 32 32 32 32 32 32 32 32 32 Miles of storm sewer 10 10 10 10 10 10 10 10 10 10 * Historical data is not available
Source: Town of Colma

TOWN OF COLMA

TOWN COUNCIL
&

MANAGEMENT REPORT
For the Year Ended
JUNE 30, 2022
DRAFT
1/26/2023
To be used only for management discussion
purposes; engagement is incomplete; this
draft is subject to final review and possible
revision. **Report/Letter date is TENTATIVE-TBD**
Attachment C

TABLE OF CONTENTS
PAGE
Report on Internal Controls 1
Required Communications 2-3 Management Observations 4
DRAFT
- 1 -
Town Council
Town of Colma
Colma, California
In planning and performing our audit of the basic financial statements of Town of Colma for the fiscal year ended June 30, 2022, in accordance with auditing standards generally accepted in the United States of America, we considered its internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the basic financial statements, but not for the purpose of expressing an opinion on the effectiveness of its internal control. Accordingly, we do not express an opinion on the effectiveness of Town of Colma’s internal control.

A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or a combination of control deficiencies, that adversely affects the entity’s ability to initiate, authorize, record, process or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the entity’s basic financial statements that is more than inconsequential will not be prevented or detected by the entity’s internal control.

A material weakness is a significant deficiency, or a combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the basic financial statements will not be prevented or detected by the entity’s internal control.

Our consideration of the internal control was for the limited purpose described in the first paragraph and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses, as defined above. We did not identify any deficiencies in internal control that we consider material weaknesses, as defined above.

This report is intended solely for the information and use of management and Town Council of Town of Colma and others within the organization, and is not intended to be and should not be used by anyone other than these specified parties.

We thank Town of Colma’s staff for its cooperation during our audit.

O’Connor & Company
San Rafael, California
DRAFT
- 2 -
Town Council
Town of Colma
Colma, California
We have audited the basic financial statements of Town of Colma for the year ended June 30, 2022. Professional standards require that we provide you with the following information related to our audit.

Our Responsibility under U.S. Generally Accepted Auditing Standards As stated in our engagement letter dated August 4, 2022, our responsibility, as described by professional standards, is to plan and perform our audit to obtain reasonable, but not absolute, assurance that the financial statements are free of material misstatement and are fairly presented in accordance with U.S. generally accepted accounting principles. Because an audit is designed to provide reasonable, but not absolute assurance and because we did not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us.

As part of our audit, we considered the internal control of Town of Colma. Such considerations were solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. In accordance with the terms of our engagement letter, we will advise management about the appropriateness of accounting policies and their application. The significant accounting policies used by Town of Colma are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year. We noted no transactions entered into by Town of Colma during the year for which there is a lack of authoritative guidance or consensus. There are no significant transactions that have been recognized in the financial statements in a different period than when the transaction occurred.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. We evaluated the key factors and assumptions used to develop the accounting estimates in determining that it is reasonable in relation to the financial statements taken as a whole. The most sensitive estimates affecting the financial statements were:
 Accrual and disclosure of compensated absences;
 Capital asset lives and depreciation expense;
 Actuarial assumptions for pension and post-employment benefits;  Fair value of investments and financial instruments.

Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performin g and completing our audit.

Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors’ report. We are pleased to report that no such disagreements arose during the course of our audit.

DRAFT
Town Council
Town of Colma – Page 2
- 3 -
Management Representations
We have requested certain representations from management that are included in the management representation letter dated XX/XX/XX.

Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to Town of Colma’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as Town of Colma’s auditors. However, these discussions occurred in the normal course of our professional relationship and our r esponses were not a condition to our retention.

Other Matters
We applied certain limited procedures to the Management’s Discussion and Analysis and the Budgetary Comparison Schedule for the General Fund, Local Government’s Proportionate Share of Net Pension Liability, and Schedules of Contributions, which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements.

We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

We were engaged to report on the combining statements and individual fund statements, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

We were not engaged to report on the Introductory Section and the Statistical Section, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

This report is intended solely for the information and use of management and Town Council of Town of Colma and others within the organization, and is not intended to be , and should not be, used by anyone other than these specified parties.

DRAFT
Town of Colma

MANAGEMENT REPORT
For the Year Ended June 30, 2022
- 4 -
Current Year Observations
There were no current year observations.

Prior Year Observations
There were no prior year observations.

DRAFT
Attachment D

1101 FIFTH AVENUE, SUITE 360 SANRAFAEL, CA 94901 TEL (415) 457-1215 FAX (415) 457-6735 www.rjrcpa.com R. J. RICCIARDI, INC.CERTIFIED PUBLIC ACCOUNTANTS

Attachment E

1101 FIFTH AVENUE, SUITE 360 SANRAFAEL, CA 94901 TEL (415) 457-1215 FAX (415) 457-6735 www.rjrcpa.com R. J. RICCIARDI, INC.CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT ACCOUNTANTS’ REPORT

ON AGREED-UPON PROCEDURES APPLIED

TO APPROPRIATIONS LIMIT WORKSHEETS
Honorable Mayor and
Members of the Town Council
Town of Colma
We have applied the procedures enumerated below to the accompanying Appropriations Limit worksheet of the Town of Colma (the Town) for the year ended June 30, 2023. These procedures, which were agreed to by the Town (as presented in the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines) were performed solely to assist the Town in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution.

This engagement to apply agreed-upon procedures was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the specified users of the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which the report has been requested or for any other purpose.

The procedures performed and our findings were as follows:

1. We obtained the completed appropriation limit worksheets and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the Town Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the Town Council.

Finding: No exceptions were noted as a result of our procedures.

2. For the accompanying Appropriations Limit worksheet, we added last year’s limit and total adjustments, and compared the resulting amount to this year’s limit.

Finding: No exceptions were noted as a result of our procedures.

3. We compared the current year information presented in the accompanying Appropriations Limit worksheet to the other worksheets described in No. 1 above.

Finding: No exceptions were noted as a result of our procedures.

4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit worksheet to the prior year appropriations limit adopted by the Town Council for the prior year.

Finding: No exceptions were noted as a result of our procedures.

DRAFT
11/3/2022
To be used only for management discussion
purposes; engagement is incomplete; this
draft is subject to final review and possible
revision. **Report/Letter date is TENTATIVE-TBD**
Attachment F
Honorable Mayor and
Members of the Town Council
Town of Colma - Page 2
This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not perform an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit worksheet. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures; other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines.

This report is intended solely for the use of the Town of Colma and is not intended to be, and should not be, used by anyone other than the specified parties.

R.J. Ricciardi, Inc.

Certified Public Accountants
San Rafael, California
DRAFT
Honorable Mayor and
Members of the Town Council
Town of Colma - Page 3
Article XIIIB Appropriation Limit Calculation
Prior Year Limit $ 57,274,771
Multiply by:

State per capita personal income 1.076
Change in population 0.991 1.0656
Total Appropriation Limit Fiscal Year 2022-2023 $ 61,031,996 DRAFT

Staff Report NOC for F Street Retaining Wall Improvement Project Page 1 of 3 3/22/2023

STAFF REPORT
T
O: Mayor and Members of the City Council
FROM: Brad Donohue, Director of Public Works
VIA: Brian Dossey, City Manager
MEETING DATE: March 22, 2023
SUBJECT: Acceptance of the F Street Retaining Wall Project, File Notice of Completion

RECOMMENDATION
Staff recommends that the City Council make the following motion:

MOTION ACCEPTING THE F STREET RETAINING WALL PROJECT AS COMPLETE,

DIRECTING THE DIRECTOR OF PUBLIC WORKS TO FILE A NOTICE OF COMPLETION FOR THE PROJECT WITH THE SAN MATEO COUNTY RECORDER’S OFFICE.

XECUTIVE SUMMARY
In February of 2023, Farallon Construction Engineering (Contractor) completed the F Street Retaining Wall Improvement Project (Project). With the Project complete, the Town may now accept the Project and file a Notice of Completion for the Project.

FISCAL IMPACT
City Council approved at their August 24, 2022, City Council awarded a construction contract to Farallon Construction Engineering in the amount of $284,885.00 for construction and $28,500 in construction contingency. The final construction cost inclusive of all change orders totals $307,347.95, a net savings in the amount of $6,037.05
Cost Amount
Construction Contract Budget $284,885.00
Contingency (10%) $28,500.00
Construct budget, (Sub-total) $313,385.00
Construction costs+ change orders $307,347.95
Net Savings from Construction Budget $6,037.05
Item #4
Staff Report NOC for F Street Retaining Wall Improvement Project Page 2 of 3 3/22/2023

BACKGROUND
The City Council awarded the Project to Farallon Construction Engineering. At their August 24th, 2022, City Council Meeting. The Project consisted of repairing concrete spalling, crack repairs with epoxy injection, various drainage repairs, hardscape enhancements, architectural pilasters, placement of cobbles between upper and lower wall, clean prime and paint both upper and lower walls.

ANALYSIS
Once the project was awarded, it had minimal delays, the delays that were encountered were due to weather conditions. The contractor still completed the project within the contract allowable days. Many of the approved change orders (Attachment A) were due to increased quantities in several of the project line items, for example there were increases to the concrete spall repairs on the wall and support buttresses, increases in epoxy crack sealing, additional backfill and concrete flatwork adjacent to the existing house. There were also additional concrete bores provided for hydrostatic water build up behind the wall drainage and new drainpipes channeling water runoff through the wall and not behind the wall. A new access gate was provided for future maintenance access and the removal and replacement of the drain inlet by simple Uniform facility with a larger inlet to assist in capturing sidewalk stormwater runoff.

With the approved change orders, the construction management team kept the project with in the construction and construction contingency budget.

Staff requests the City Council to accept work performed on the Project and authorize the Director of Public Works to file a Notice of Completion with the San Mateo County Recorder’s Office.

The filing of the Notice of Completion means:
• The Town accepts the Project as complete.
• The time frame for the filing of stop payment notice claims is shortened once the Notice of Completion has been timely filed with the San Mateo County Recorder’s Office

To date there have been no stop notices or claims filed with the Town for the Project.

Council Adopted Values
By accepting the Project as complete, the City Council has reviewed and approved the work performed by Farallon Construction Engineering, thus taking a Responsible position requesting that the Notice of Completion be filed with the County Recorder’s Office and that final payment be timely made to the contractor.

Alternatives
The City Council can choose not to accept the Project and direct the filing of the Notice of Completion for the Project. The Town would then not accept the Project as complete and file the Notice of Completion with the San Mateo County Recorder’s Office. Such action would increase the time for subcontractors and material suppliers to file claims.

Staff Report NOC for F Street Retaining Wall Improvement Project Page 3 of 3 3/22/2023

CONCLUSION
Staff has reviewed the completed Project and recommends that the City Council make a motion to accept the Project as complete and authorize the Director of Public Works to file a Notice of Completion with the San Mateo County Recorder’s Office. .

ATTACHMENTS
A. Contract Change Orders- Cost Exposure Log
B. Notice of Completion – F Street Retaining Wall Project Improvement Project

PCO No. CCO # Description Units Quantity Unit Cost Estimated Costs Actual Costs Approved Days
Notes
2 1.1 CMS Message Board LS 1 3,359.00 $ 3,359.00$ 0 3.1 1.2
Prepare additional spall areas upper wall
and buttresses LS 1 6,250.00 $ 6,250.00$ 0

3.2 1.3
Repair additional concrete spall areas =

0.75 CY * $22K PCY LS 1 16,500.00$ 16,500.00$ 0

3.3 1.4
Prepare and patch upper wall and
butteresses 6 areas LS 1 3,300.00 $ 3,300.00$ 0

3.4 1.5
Remove and replace additional concrete
flatwork = 145SF * $50 PSF LS 1 7,250.00 $ 7,250.00$ 0

3.5 1.6 Additional cores 6 x $308= 1848.00 EA 6 308.00$ 1,848.00$ 0

3.6 1.7 Addtitional Epoxy Injection (Cracks) EA 5 155.00$ 775.00$ 0

3.7 1.8
Architectural Pilasters cost for stainless
steel stops, base screed and bichethain
separator LS 1 2,546.00 $ 2,546.00$
0 4 1.9
Change to rip rap blend for rocks between
upper and lower walls. EA 12 240.00 $ 2,880.00$ 0

5.r1 1.10
T&M work to repair drainage and fill void
under stairs. Replace drainage pipe and core
wall LS 1 9,742.00 $ 9,742.00$ 0

1.11 Eliminate stucco from Alt Bid LS 1 (42,140.00)$ (42,140.00)$ 0

1.12 Eliminate extra rebar EA 500 8.00$ (4,000.00)$ 0 1 1.13 X Ray of rebar for core drilling LS 1 1,421.40$ 0

2.1 Remove and replace drainage inlet adjacent
to Simply Uniforms. Install gate at top of
wall. LS 1 12,731.55$ 12,731.55$
0 CCO No. 1
CCO No. 2
CCO No. 3
CCO No. 4
CCO No. 5
All other pending estimate
Total cost exposure to date
Original Contract
Contract plus CCO to date
Contingency
Total funds available
(Over/under) 6,037.05$
F St Retaining Wall Repair Project
Cost Exposure Log
313,385.00$
28,500.00$

307,347.95$

284,885.00$

9,731.40$

12,731.55$
-$
22,462.95$

RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:

Tow
n of Colma
1198 El Camino Real
Colma, CA 94014-3212
Attn: Brad Donohue, PW Director
THE AREA ABOVE IS RESERVED FOR RECORDER’S USE

TOWN OF COLMA

NOTICE OF COMPLETION
PURSUANT TO CALIFORNIA CIVIL CODE 9204
(This Document is exempt from Recording Fee (Govt. Code § 27383) NOTI
CE IS HEREBY GIVEN THAT:

1. Th
e Town of Colma is the owner of a work of improvement consisting of the construction of improvements for the F Street Retaining Wall Improvement Project as described in the project specifications dated May 5, 2022 (hereafter, the “Work”), and of the real property on which the Work is situated, which real property is located in the County of San Mateo, State of California and specifically described as follows: On the north side of the 400 Block of F Street in Colma California, 94014.

2. Fa
rallon Construction Engineering., the Contractor, was awarded the construction contract by the Town of Colma for the Work, and

3. Th
e Work was completed by Farallon Construction Engineering. accepted by the Town of Colma in February, 2023; and

4. The
nature of the inter est of the Town of Colma is as a fee simple owner and title easement in the above-described real property; and

5. The
name and address of the Town of Colma is 1198 El Camino Rea l, Colma, California 94014; and

6. I, B
rad Donohue, Public Works Director of the Town of Colma, am authorized by the City Council of the Town of Colma to execute and file this Notice with the County Recorder of the County of Sa n Mateo as an authorized agent of the Town of Colma. I have read the Notice of Completion and know the contents thereof; the same is true of my own knowledge.

Attachment B

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.

____________________________________ ___________________ (Date and Place) Brad Donohue
Director of Public Works
Staff Report NOC-2022 Mission Road Crosswalk Improvement Project Page 1 of 3 3/22/2023

STAFF REPORT
TO
: Mayor and Members of the City Council
FROM: Brad Donohue, Director of Public Works
VIA: Brian Dossey, City Manager
MEETING DATE: March 22, 2023
SUBJECT: Acceptance of the 2022 Mission Road Crosswalk Improvement Project, File Notice of Completion

RECOMMENDATION
Staff recommends that the City Council make the following motion:

MOTION ACCEPTING THE 2022 MISSION ROAD CROSSWALK IMPROVEMENT PROJECT AS

COMPLETE, DIRECTING THE DIRECTOR OF PUBLIC WORKS TO FILE A NOTICE OF COMPLETION FOR THE PROJECT WITH THE SAN MATEO COUNTY RECORDER’S OFFICE.

EXE

CUTIVE SUMMARY
In February of 2023, Golden Bay Construction Inc. (Contractor) completed the Mission Road Crosswalk Project (Project). With the Project complete, the Town may now accept the Project and file a Notice of Completion for the Project.

FISCAL IMPACT
City Council awarded a construction contract to Golden Bay Construction in the amount of $102,251.50 for construction and $10,225.00 in construction contingency, a total construction budget of $112,476.50. The final construction cost (No change orders were issued) came to $100,744.50, a net savings in the amount of $11,732.00
Cost Amount
Construction Contract Budget $102,251.50
Contingency (10%) $10,225.00
Construct budget, (Sub-total) $112,476.50
Construction costs, (No change orders were issued) $100,744.50 Net Savings from Construction Budget $11,732.00
Item #5
Staff Report NOC-2022 Mission Road Crosswalk Improvement Project Page 2 of 3 3/22/2023

BACKGROUND
The City Council awarded the Project to Golden Bay Construction Inc. At their August 24th, 2022, City Council Meeting. The Mission Road Crosswalk Improvement Project consisted of concrete curb ramp extensions(bulb-outs), high-visibility crosswalk with rectangular rapid flashing beacons (RRFBs), thermoplastic striping and markings, and all other associated work.

The new crosswalk is located at the back entrance of the Treasure Island Trailer Park and just north of Holy Cross Cemetery northern entrance. The construction of two hot asphalt mix (HMA) speed humps were included in the project. The speed humps were placed, one speed hump between the North Gate and Main Gate of Holy Cross Cemetery and the second speed hump between the Main Gate and the South Gate of Holy Cross Cemetery.

ANALYSIS
Once the project was awarded, it had several months delays due to a backlog in the manufacturing and shipping of the RRFB’s. once the equipment was delivered the contractor started and finished the project well within the allowed amount of time as stated within the contract documents. Completion of the project was in the later part of February 2022.

Staff requests the City Council to accept work performed on the Project and authorize the Director of Public Works to file a Notice of Completion with the San Mateo County Recorder’s Office.

To date there have been no stop notices or claims filed with the Town for the Project.

Council Adopted Values
By accepting the Project as complete, the City Council has reviewed and approved the work performed by Golden Bay Construction Inc., thus taking a Responsible position requesting that the Notice of Completion be filed with the County Recorder’s Office and that final payment be timely made to the contractor.

Staff Report NOC-2022 Mission Road Crosswalk Improvement Project Page 3 of 3 3/22/2023

TTACHMENTS
A. Notice of Completion – 2022 Mission Road Crosswalk Improvement Project

RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:

T
own of Colma
1198 El Camino Real
Colma, CA 94014-3212
Attn: Brad Donohue, PW Director
THE AREA ABOVE IS RESERVED FOR RECORDER’S USE

TOWN OF COLMA

NOTICE OF COMPLETION
PURSUANT TO CALIFORNIA CIVIL CODE 9204
(This Document is exempt from Recording Fee (Govt. Code § 27383) NOT
ICE IS HEREBY GIVEN THAT:

1. The Town of Colma is the owner of a work of improvement consisting of the construction of improvements for the 2022 Mission Road Crosswalk Improvement Project as described in the project plan and specifications dated XXXXXXX (hereafter, the “Work”), and of the real property on which the Work is situated, which real property is located in the County of San Mateo, State of California and specifically described as follows: Mid-Block on Mission Road between El Camino Real and the boarder of Colma and South San Francisco, Ca.

2. G
olden Bay Construction Inc ., the Contractor, was awarded the construction contract by the Town of Colma for the Work, and

3. Th
e Work was completed by Golden Bay Construction Inc. accepted by the Town of Colma in February, 2023; and

4. T
he nature of the interest of the Town of Colma is as a fee simple owner in the above - described real property; and

5. T
he name and address of the Town of Colma is 1198 El Camino Rea l, Colma, California 94014; and

6. I,
Brad Donohue, Public Works Director of the Town of Colma, am authorized by the City Council of the Town of Colma to execute and file this Notice with the County Recorder of the County of San Mateo a s an authorized agent of the Town of Colma. I have read the Notice of Completion and know the contents thereof; the same is true of my own knowledge.

Attachment A
I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
_____
_______________________________ ___________________ (Date and Place) Brad Donohue
Director of Public Works
Staff Report – 2022 General Plan Annual Report Page 1 of 4

STAFF REPORT
T
O: Mayor and Members of the City Council
FROM: Farhad Mortazavi APA, City Planner
Alvin Jen, APA, Associate Planner
VIA: Brian Dossey, City Manager
MEETING DATE: March 22, 2023
SUBJECT: 2022 General Plan and Housing Element Annual Report

RECOMMENDATION
Staff recommends that the City Council make the following motion:

MOTION ACCEPTING THE 2022 ANNUAL REPORT ON THE IMPLEMENTATION OF THE

GENERAL PLAN, INCLUDING THE HOUSING ELEMENT PURSUANT TO CEQA GUIDELINE 15378

EXECUTIVE SUMMARY
The Town is required to submit an annual report on the implementation of the General Plan and Housing Element to the State. Prior to staff sending the report to the state, the City Council must accept the report.

FISCAL IMPACT
The preparation of the 2022 Annual Report on the status of implementation of the General Plan and Housing Element does not have an impact on the Town’s adopted budget.

ENVIRONMENTAL
The City Council’s action is not a project subject to the California Environmental Quality Act (CEQA) as it is more akin to an administrative function of the Town in reporting housing data to the State with no direct or indirect change in the environment. It is therefore exempt pursuant to State CEQA Guideline 15378 as an administrative activity of the government that will not result in direct or indirect physical changes in the environment.

Item #6
Staff Report – 2022 General Plan Annual Report Page 2 of 4

BACKGROUND
California Government Code Section 65400 requires that an Annual Report be prepared that details the status of implementation of the General Plan and the Housing Element. This report is to be submitted to the City Council, the Governor’s Office of Planning and Research (OPR), and the California Department of Housing and Community Development (HCD) before April 1 each year.

Additionally, starting this reporting year, the Town has compiled an Inventory List, which declared certain properties as exempt surplus land and non -surplus land as defined in Government Code Section 54220, of the Surplus Land Act.

ANALYSIS
The 2040 Colma General Plan and associated Environmental Impact Report were updated and adopted in March 2022 . Some policies of the prior 1999 General Plan were quite outdated and were evidence of the need for an update to the 1999 General Plan. The discussion below highlights actions that have been taken in 2022 regarding each element of the current 2040 General Plan:

Housing Element
No new housing units were built or en titled in Colma in 202 2, so many pages of the Annual Housing Report (Attachment A) are blank. The following list summarizes the policy highlights of Housing Element implementation in the last calendar year:
• The only housing category where Colma has not produced any units in the current RHNA cycle (Regional Housing Needs Allocation – 5
th Cycle) is in the moderate-income category.
• Colma continues to provide funding to programs such as the Human Investment Project (HIP), and LifeMoves as discussed in the Housing Element. These non-profit organizations provide housing related services to Colma and the broader San Mateo County community.

A
dditional information about Housing Element compliance can be found in Tables B and D of the attached Annual Progress Report.

Circulation Element
No policy implementation occurred this year on the General Plan Circulation Element. The Town is in the early stages of a Bicycle and Pedestrian Master Plan that builds on the El Camino Real Bike and Pedestrian Plan, the Serramonte Boulevard/Collins Avenue Master Plan, and the Hillside Boulevard complete streets improvement project.

Land Use Element
No policy implementation occurred this year on the General Plan Land Use Element.

Staff Report – 2022 General Plan Annual Report Page 3 of 4 Open Space and Conservation Element
The Town was certified as a Tree City for a fourth year and has applied for Tree City status for 2022.

Noise Element
No policy implementation occurred this year on the General Plan Noise Element.

Safety Element
No policy implementation occurred this year on the General Plan Safety Element.

Historical Resources Element
No policy implementation occurred this year on the General Plan Historical Resources Element. 2023-2031 Housing Element
Separate from the 2040 General Plan Update, the Town is required to have an adopted Housing Element for the 2023- 2031 housing cycle (6th Cycle) by the statutory deadline of January 31, 2023.

The first draft was submitted to HCD in June 2022 for a 90 -day review. After the initial review, HCD provided their comments to the Town. For the second draft, staff made edits to the element, responding to HCD’s comments, and included as an attachment a self-certification compliance checklist. The second/final draft of the Housing Element was adopted at a public hearing by City Council on January 25, 2023, and was submitted to HCD for a 60-day second review on January 30, 2023.

The Surplus Land Act
The Town has compiled an Inventory List consisting of ten (10) properties, nine (9) of which do not meet the definition of surplus land and are considered non surplus land per the HCD’s definition. The remaining property, 1365 Mission Road is a 0.02-acre one-unit condominium and is considered exempt from the Surplus Land Act per confirmation by HCD. This unit was sold in January 2023 and this property will be removed from the Inventory List for 2023 to HCD. The complete Inventory List can be found in Table B of the attached Annual Progress Report.

Council Adopted Values
The Annual Report on the General Plan complies with the Council’s commitment to Re sponsibility through the periodic review of the implementation of adopted policies and programs.

Sustainability Impact
A motion to accept the 2022 annual report on the implementation of the general plan will have no impact on sustainability.

Staff Report – 2022 General Plan Annual Report Page 4 of 4 Alternatives
The City Council could take no action. Doing so is not recommended, as the Town would not be in compliance with the requirements of Government Code Section 65400 to submit an annual report.

NCLUSION
Staff recommends that the City Council, by motion, accept the 2022 Annual Report on the status of Implementation of the General Plan and Housing Element.

ATTACHMENTS
A. 2022 Annual Element Progress Report, Tables A-J
Jurisidiction Name
Reporting Calendar Year
First Name
Last Name
Title Click here to download APR Instructions
Email
Phone
Street Address
City
Zipcode
1_23_23
Optional: Click here to import last year's data. This is best used when the workbook is new and empty. You will be prompted to pick an old workbook to import from. Project and program data will be copied exactly how it was entered in last year's form and must be updated. If a project is no longer has any reportable activity, you may delete the project by selecting a cell in the row and typing ctrl + d.
1198 El Camino Real
Colma
94014
Please Start Here
General Information
2022
Colma
Contact Information
Farhad
Mortazavi
City Planner
[email protected]
6509978888
Mailing Address
Annual Progress Report January 2020
PLEASE NOTE: Due to this document's creation in Mircosoft Excel, it may be more difficult to read and navigate as a PDF. To obtain a copy of this file in Excel for easier navigation and readability, please contact the City Clerk at [email protected] or 650.997.8311.

Attachment A
Optional: This runs a macro which checks to ensure all required fields are filled out. The macro will create two files saved in the same directory this APR file is saved in. One file will be a copy of the APR with highlighted cells which require information. The other file will be list of the problematic cells, along with a description of the nature of the error.

Optional: Save before running. This copies data on Table A2, and creates another workbook with the table split across 4 tabs, each of which can fit onto a single page for easier printing. Running this macro will remove the comments on the column headers, which contain the instructions. Do not save the APR file after running in order to preserve comments once it is reopened.

Optional: This macro identifies dates entered that occurred outside of the reporting year. RHNA credit is only given for building permits issued during the reporting year.

Link to the online system: https://apr.hcd.ca.gov/APR/login.do Submittal Instructions
Please save your file as Jurisdictionname2022 (no spaces). Example: the city of San Luis Obispo would save their file as SanLuisObispo2022 Housing Element Annual Progress Reports (APRs) forms and tables must be submitted to HCD and the Governor's Office of Planning and Research (OPR) on or before April 1 of each year for the prior calendar year; submit separate reports directly to both HCD and OPR pursuant to Government Code section 65400. There are two options for submitting APRs:

1. Online Annual Progress Reporting System - Please see the link to the online system to the left. This allows you to upload the completed APR form into directly into HCD’s database limiting the risk of errors. If you would like to use the online system, email [email protected]
and HCD will send you the login information for
your jurisdiction. Please note: Using the online system only provides the information to HCD. The APR must still be submitted to OPR. Their email address is [email protected].

2. Email - If you prefer to submit via email, you can complete the excel Annual Progress Report forms and submit to HCD at [email protected] and to OPR at
[email protected]. Please send the Excel workbook, not a scanned or PDF copy of the tables.

Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT Note: "+" indicates an optional field Reporting Year 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Date
Application
Submitted
Total
Approved
Units by
Project
Total
Disapproved
Units by
Project
Streamlining
2 3 4 6 7 8 9
Prior APN+ Current APN Street Address Project Name+ Local Jurisdiction Tracking ID+
Unit Category
(SFA,SFD,2 to
4,5+,ADU,MH)
Tenure
R=Renter
O=Owner
Date
Application
Submitted+
(see
instructions)
Very Low-
Income Deed
Restricted
Very Low-
Income Non
Deed
Restricted
Low-Income
Deed
Restricted
Low-Income
Non Deed
Restricted
Moderate-
Income Deed
Restricted
Moderate-
Income
Non Deed
Restricted
Above
Moderate-
Income
Total PROPOSED
Units by Project
Total

APPROVED
Units by project
Total

DISAPPROVED
Units by Project
Was APPLICATION

SUBMITTED
Pursuant to GC
65913.4(b)?
(SB 35
Streamlining)
Ddi the housing
development
application seek
incentives or
concessions
pursuant to
Government Code
section 65915?
Summary Row: Start Data Entry Below 0 0 0 0 0 0 0 0 0 0 0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
Table A
Cells in grey contain auto-calculation formulas
51 Project Identifier Unit Types Proposed Units - Affordability by Household Incomes Density Bonus Law Applications
10 Housing Development Applications Submitted
Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT
Reporting Year 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 5th Cycle 01/31/2015 - 01/31/2023
1 Projection Period 3 4
RHNA Allocation by
Income Level 2015 2016 2017 2018 2019 2020 2021 2022 2023 Total Units to Date (all years)
Total Remaining
RHNA by Income
Level
Deed Restricted - - - - 31 - - - - - Non-Deed Restricted - - - - - - - - - - Deed Restricted - - - - 34 - - - - - Non-Deed Restricted - - - - - - - - - - Deed Restricted - - - - - - - - - - Non-Deed Restricted - - - - - - - - - - Above Moderate 22 - - - 6 4 - - - - - 10 12 59 - - - 6 69 - - - - - 75 21 5 6 7
Extremely low-Income
Need 2015 2016 2017 2018 2019 2020 2021 2022 2023 Total Units to Date
Total Units
Remaining
- - - - - - - - - - - - -
Please note: For the last year of the 5th cycle, Table B will only include units that were permitted during the portion of the year that was in the 5th cycle. For the first year of the 6th cycle, Table B will only include units that were permitted since the start of the planning period. Projection Period units are in a separate column.

Total RHNA
Total Units
Income Level
Very Low
Low
Extremely Low-Income Units*
Note: units serving extremely low-income households are included in the very low-income RHNA progress and must be reported as very low-income units in section 7 of Table A2. They must also be reported in the extremely low-income category (section 13) in Table A2 to be counted as progress toward meeting the extremely low-income housing need determined pursuant to Government Code 65583(a)(1). *Extremely low-income houisng need determined pursuant to Government Code 65583(a)(1). Value in Section 5 is default value, assumed to be half of the very low-income RHNA. May be overwritten.

Progress toward extremely low-income housing need, as determined pursuant to Government Code 65583(a)(1).

Please note: The APR form can only display data for one planning period. To view progress for a different planning period, you may login to HCD's online APR system, or contact HCD staff at [email protected].
9 31
This table is auto-populated once you enter your jurisdiction name and current year data. Past year information comes from previous APRs.
-
Moderate
20 8
9 Please contact HCD if your data is different than the material supplied here 34 2
Table B
Regional Housing Needs Allocation Progress
Permitted Units Issued by Affordability
-
Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT
Reporting Year 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Date of Rezone Rezone Type
2 4 5 6 7 9 10 11
APN Street Address Project Name+
Local
Jurisdiction
Tracking ID+
Date of Rezone Very Low-Income Low-Income Moderate-Income Above Moderate- Income
Rezone Type Parcel Size
(Acres)
General Plan
Designation Zoning Minimum
Density Allowed
Maximum
Density Allowed
Realistic
Capacity Vacant/Nonvacant Description of Existing
Uses
Note: "+" indicates an optional field
Cells in grey contain auto-calculation formulas
Summary Row: Start Data Entry Below
83 Project Identifier RHNA Shortfall by Household Income Category Sites Description 1 Sites Identified or Rezoned to Accommodate Shortfall Housing Need and No Net-Loss Law Table C
Jurisdiction Colma
Reporting Year 2022 (Jan. 1 - Dec. 31)
1 2 3 4
Name of Program Objective Timeframe in H.E Status of Program Implementation Program 1.1 Manufactured
Housing Design Standards
Allows for construction of single family
residences at lower costs, thereby
reducing the cost of housing.

Ongoing. Ordinance 720 adopted in 2013. Planning Department is responsible for making developers aware of this provision.

Program 1.2 General Plan
Consistency Review and
Annual Report
Increase awareness to decision makers
of annual progress toward meeting
Housing Element Goals.

Ongoing. Continue internal consistency review annually and make report available to the public.

Program 2.1 Second Unit
Ordinance
To increase the number of second
dwelling units; and
To encourage the development of
second units in areas of the town where
they are permitted or conditionally
permitted (C and R zones)
Ongoing.

Accessory Dwelling Unit (ADU) Ordinance adopted in 2017. The ordinance was amended in 2022 to comply with new state housing laws.

Planning Department is responsible for providing information to prospective developers in areas where second units are permitted.

Program 3.1 Planned
Development Districts and
Mixed Use.

To optimize the use of developable land
to maximize the General Plan density of
each developable site; and
To allow for implementation of Density
Bonus provisions when appropriate
Ongoing.

Planning Department is responsible for the review of planned development applications. City Council is responsible for the adoption of planned development rezones.

Program 3.2 Density
Bonus Provisions for
Affordable Housing.

To increase the supply of housing units
through the use of density bonus
provisions.

Ongoing.

Density Bonus Ordinance Adopted in 2005.

Planning Department continues to make developers aware of density bonus provisions.

Housing Programs Progress Report
Describe progress of all programs including local efforts to remove governmental constraints to the maintenance, improvement, and development of housing as identified in the housing element.

Table D
Program Implementation Status pursuant to GC Section 65583

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Program 3.3 High-Density
Housing Near Colma and
South San Francisco
BART Stations.

To facilitate the development of housing
units and affordable housing units in
proximity to the BART station.

Ongoing. Ongoing provision of information to prospective property buyers Program 3.4 Planner
Responsibility to Promote
Affordable Housing and
Mixed-Use.

To assist in the development of
affordable units Ongoing. Ongoing implementation of existing program.

Program 3.5 Planned
Development Zoning
Provisions for Single
Family Attached
Development.

To optimize the use of developable land
to maximize the General Plan density of
each developable site; and
To allow for implementation of Density
Bonus provisions when appropriate
Ongoing. Ongoing enforcement of existing ordinance and standards.

Program 3.6 Ensure No Net
Loss of Required Units.

To assure that all units identified in the
Housing Element will be built on
designated sites or alternative sites.

Ongoing. Ongoing provision of information to developers and enforcement of the no net loss provision.

Program 3.7 Inclusionary
Housing.

To create new affordable housing units
both for rent and for sale. Complete. . Inclusionary Housing Ordinance adopted in 2005.

Nexus Study and Housing Impact Fees adopted 2016
Program 4.1 Reasonable
Accommodations
Ordinance Public
Information, Ordinance
Amendment and
Monitoring
To assure that reasonable
accommodation is made for individuals
to have equal access to housing.

Ongoing.

Town amended ordinance in 2007.

The Planning Department continues to monitor the implementation of the Town’s codes, policies and procedures to ensure that they comply with the “reasonable accommodation” for disabled provisions and all fair housing laws.

Program 4.2 Senior
Housing.

To maintain affordable housing for
seniors within the community. Ongoing. Town of Colma Administration and the Department of Public Works responsible for maintenance/management of the facility.

Program 4.3 Emergency
Shelters. Allowance for an emergency shelter Ongoing.

Planning Department responsible for advising a potential developer of an emergency shelter of the zoning provisions. Building Department responsible for processing building permit.

Program 4.4 Inform local
developers of
opportunities to provide
transitional and supportive
housing.

Allowance for transitional and
supportive housing Ongoing.

Planning Department is continuing to provide information regarding the Town’s transitional and supportive housing opportunities to local developers through counter handouts and interactions. Information is also on the Town’s website.

Program 4.5 Amend the
Zoning Code within one
year of adoption of the
Colma Housing Element to
clarify that transitional and
supportive housing is
considered a residential
use of the property,
subject only to those
restrictions that apply to
other residential dwellings
of the same type in the
same zone.

Allowance for transitional and
supportive housing in residential zones Ongoing.

Municipal Code amended in 2013.

Planning Department to inform those that make inquiries to the Planning Department of the provisions.

Program 4.6. Reach out to
local service providers of
special needs groups to
assist in the identification
and analysis of constraints
to the provision of housing
for persons with
disabilities.

To assure that equal access and
opportunities are provided to persons
with disabilities for housing.

Ongoing. -
Program 5.1
Knowledgeable Housing
Referral.

To assure that referrals can be made to
provide equal access to housing. Ongoing. Planning Department is responsible for the ongoing management of the existing program.

Program 5.2 Human
Investment Project (HIP)
Support.

Supports better utilization of existing
housing stock and provides affordable
housing. It also supports better
maintenance of existing housing stock.

Ongoing.

Planning Department is responsible for the ongoing management of the existing program.

City Council responsible for the approval of any monetary support Program 5.3 Section 8
Rental Assistance.

To assure that information is provided
to qualified applicants to provide equal
access to housing.

Ongoing. Planning Department is responsible for the ongoing management of the existing program.

Program 5.4 Housing
Recordkeeping.

To conserve and improve the condition
of the existing housing stock. Ongoing. Planning Department is responsible for the ongoing management of the existing program.

Program 5.5 Address
needs of Extremely Low-
Income Households.

To assist developers and property
owners in making affordable units
available, which, in turn, provides equal
housing opportunities.

Ongoing. Planning Department will lead the outreach and information dispersal efforts.

Program 6.1 Greenbuilding
Regulations for
Residential Uses.

To create new and sustainable
residential development
To retrofit existing structures to
increase efficiency and reduce energy
use and cost
Ongoing.

After there is a better understanding of the Cal Green Building Code requirements, the town will study the feasibility of adopting a green building ordinance. Town adopted a Water Efficient Landscape Ordinance in 2015.

Program 6.2 Encourage
use of cool roofing
systems and other energy
conservation measures to
reduce a building’s energy
usage.
• To create new and sustainable
residential development
• To retrofit existing structures to
increase efficiency and reduce energy
use and cost
Ongoing.

The Planning and Building Department provide information to the public on programs to assist in the provision of energy efficiency measures during new construction or as a residential retrofit.

Program 7.1 “Rebuilding
Together Peninsula”
Participation.

To conserve and improve the condition
of the existing housing stock. Ongoing. Ongoing participation in existing program Program 7.2 Minor
Housing Repair Grant
Program.

To conserve and improve the condition
of the existing housing stock. Ongoing.

Study was conducted in December 2016 and the program was found infeasible.

Permit fees for standard residential repairs have been kept to encourage property maintenance.

Program 7.3 Neighborhood
Improvement (Code
Enforcement).

To conserve and improve the condition
of the existing housing stock.

Completed. Ongoing code
enforcement program. Ordinance adopted September 12, 2012.

Program 7.4 Low-interest
loan program for very-low,
low, and moderate income
homeowners.

To conserve and improve the condition
of the existing housing stock.

To allow low income homeowners to
remain in their homes
Completed. Study completed in 2016. Program was determined to be infeasible.

Program 7.5 Underground
Utilities in the Mission
Road Corridor.

To make Mission Road more attractive
for new residential development. Ongoing. Portions completed but suspended due to recession. Project to remain in CIP until implemented.

Program 7.6 Nuisance
Abatement and Property
Maintenance process to
Improve Individual
Properties and
Neighborhood Pride.

To conserve and improve the condition
of the existing housing stock Ongoing. Planning Department is responsible for ongoing enforcement of municipal zoning code
Program 7.7 Organize
Community Clean Up
Days.

To conserve and improve the condition
of the existing housing stock. Ongoing. Planning and Recreation departments organize community clean-up days on an annual basis.

General Comments
Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT
Reporting Period 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Description of Commercial
Development Bonus
Commercial Development Bonus
Date Approved
3 4
APN Street Address Project Name+ Local Jurisdiction
Tracking ID+
Very Low
Income
Low
Income
Moderate
Income
Above Moderate
Income
Description of Commercial
Development Bonus
Commercial Development Bonus
Date Approved
Summary Row: Start Data Entry Below
Units Constructed as Part of Agreement
Commercial Development Bonus Approved pursuant to GC Section 65915.7 Table E
Note: "+" indicates an optional field
Project Identifier
1 2
Cells in grey contain auto-calculation
formulas
(CCR Title 25 §6202)
Annual Progress Report January 2020
Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT Note: "+" indicates an optional field Reporting Period 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Cells in grey contain auto-calculation formulas Planning Period 5th Cycle 01/31/2015 - 01/31/2023
The description should adequately document how each
unit complies with subsection (c) of Government Code
Section 65583.1+.

For detailed reporting requirements, see the chcklist
here:

Extremely Low-
Income+ Very Low-Income+ Low-Income+ TOTAL UNITS+
Extremely Low-
Income+
Very Low-
Income+ Low-Income+ TOTAL UNITS+
https://www.hcd.ca.gov/community-
development/docs/adequate-sites-checklist.pdf
Rehabilitation Activity
Preservation of Units At-Risk
Acquisition of Units
Mobilehome Park Preservation
Total Units by Income
Table F
Please note this table is optional: The jurisdiction can use this table to report units that have been substantially rehabilitated, converted from non-affordable to affordable by acquisition, and preserved, including mobilehome park preservation, consistent with the standards set forth in Government Code section 65583.1, subdivision (c). Please note, motel, hotel, hostel rooms or other structures that are converted from non-residential to residential units pursuant to Government Code section 65583.1(c)(1)(D) are considered net-new housing units and must be reported in Table A2 and not reported in Table F.

Activity Type
Units that Do Not Count Towards RHNA+
Listed for Informational Purposes Only
Units that Count Towards RHNA +
Note - Because the statutory requirements severely limit what can be counted, please contact HCD to receive the password that will enable you to populate these fields.

Units Rehabilitated, Preserved and Acquired for Alternative Adequate Sites pursuant to Government Code section 65583.1(c) Annual Progress Report January 2020
Jurisdiction Colma
Reporting Period 2022 (Jan. 1 - Dec. 31)
Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Prior APN+ Current APN Street Address Project Name+
Summary Row: Start Data Entry Below
Table F2
Above Moderate Income Units Converted to Moderate Income Pursuant to Government Code section 65400.2 For up to 25 percent of a jurisdiction’s moderate-income regional housing need allocation, the planning agency may include the number of units in an existing multifamily building that were converted to deed-restricted rental housing for moderate-income households by the imposition of affordability covenants and restrictions for the unit. Before adding information to this table, please ensure housing developments meet the requirements described in Government Code 65400.2(b).

Project Identifier
1 ANNUAL ELEMENT PROGRESS REPORT
Note: "+" indicates
an optional field
Housing Element Implementation Cells in grey contain auto-calculation formulas 2 3
Local
Jurisdiction
Tracking ID+
Unit Category
(2 to 4,5+)
Tenure
R=Renter
Very Low-
Income Deed
Restricted
Very Low-
Income Non
Deed
Restricted
Low- Income Deed
Restricted
Table F2
Above Moderate Income Units Converted to Moderate Income Pursuant to Government Code section 65400.2 For up to 25 percent of a jurisdiction’s moderate-income regional housing need allocation, the planning agency may include the number of units in an existing multifamily building that were converted to deed-restricted rental housing for moderate-income households by the imposition of affordability covenants and restrictions for the unit. Before adding information to this table, please ensure housing developments meet the requirements described in Government Code 65400.2(b).

Project Identifier Unit Types
1 4
Affordability by Household Incomes After Conversion
Cells in grey contain auto-calculation formulas
Low- Income
Non Deed
Restricted
Moderate- Income
Deed Restricted
Moderate- Income
Non Deed
Restricted
Above
Moderate-
Income
Total Moderate Income Units
Converted from Above
Moderate
Table F2
Above Moderate Income Units Converted to Moderate Income Pursuant to Government Code section 65400.2 For up to 25 percent of a jurisdiction’s moderate-income regional housing need allocation, the planning agency may include the number of units in an existing multifamily building that were converted to deed-restricted rental housing for moderate-income households by the imposition of affordability covenants and restrictions for the unit. Before adding information to this table, please ensure housing developments meet the requirements described in Government Code 65400.2(b). 54 Affordability by Household Incomes After Conversion Units credited toward Above Moderate RHNA
Notes
6 Date Converted Notes
Table F2
Above Moderate Income Units Converted to Moderate Income Pursuant to Government Code section 65400.2 For up to 25 percent of a jurisdiction’s moderate-income regional housing need allocation, the planning agency may include the number of units in an existing multifamily building that were converted to deed-restricted rental housing for moderate-income households by the imposition of affordability covenants and restrictions for the unit. Before adding information to this table, please ensure housing developments meet the requirements described in Government Code 65400.2(b). 5 Units credited toward Above Moderate
RHNA
Jurisdiction Colma
Reporting Period 2022 (Jan. 1 - Dec. 31)
Planning Period 5th Cycle 01/31/2015 - 01/31/2023 ANNUAL ELEMENT PROGRESS REPORT Housing Element Implementation
2 3 4
APN Street Address Project Name+ Local Jurisdiction
Tracking ID +
Realistic Capacity
Identified in the
Housing Element
Entity to whom the site
transferred Intended Use for Site
1 Summary Row: Start Data Entry Below
Note: "+" indicates an optional field
Cells in grey contain auto-calculation
formulas
Table G
Locally Owned Lands Included in the Housing Element Sites Inventory that have been sold, leased, or otherwise disposed of Project Identifier
NOTE: This table must only be filled out if the housing element sites inventory contains a site which is or was owned by the reporting jurisdiction, and has been sold, leased, or otherwise disposed of during the reporting year.

Jurisdiction Colma
Reporting Period 2022 (Jan. 1 - Dec. 31)
1 2 3 4
APN Street Address/Intersection Existing Use Number of
Units
010-160-040 1365 Mission Road Residential 1
1 NOTE: This table is meant to contain an invenory of
ALL surplus/excess lands the reporting jurisdiction
owns
Summary Row: Start Data Entry Below
Parcel Identifier

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Table H
Locally Owned Surplus Sites
For San Mateo County jurisdictions, please format the APN's as follows:999-999-999 Note: "+" indicates an optional field
Cells in grey contain auto-calculation
formulas
Designation Size Notes
5 6 7
Surplus
Designation
Parcel Size (in
acres) Notes
Exempt Surplus
Land 0.02 1-unit condominium
NOTE: This table is meant to contain an invenory of
ALL surplus/excess lands the reporting jurisdiction
owns
Summary Row: Start Data Entry Below

ANNUAL ELEMENT PROGRESS REPORT
Housing Element Implementation
Table H
Locally Owned Surplus Sites
For San Mateo County jurisdictions, please format the APN's as follows:999-999-999 Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT
Note: "+" indicates an
optional field
Reporting Period 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Cells in grey contain
auto-calculation
formulas
Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Project Type Date
2 3
APN Street Address Project Name+ Local Jurisdiction
Tracking ID+ Activity Date Very Low
Income
Low
Income
Moderate
Income
Above Moderate
Income
Table I
Units Constructed Pursuant to Government Code 65852.21 and Applications for Lot Splits Pursuant to Government Code 66411.7 (SB9) NOTE: SB 9 PROJECTS ONLY. This table only
needs to be completed if there were lot splits
applied for pursuant to Government Code
66411.7 OR units constructed pursuant to
65852.21.

Units entitled/permitted/constructed must also
be reported in Table A2. Applications for these
units must be reported in Table A.

Summary Row: Start Data Entry Below
Project Identifier Unit Constructed
1 4
Annual Progress Report January 2020
Jurisdiction Colma ANNUAL ELEMENT PROGRESS REPORT
Reporting Period 2022 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Project Type Date
2 3
APN Street Address Project Name+ Local Jurisdiction
Tracking ID+
Unit Category
(SH - Student Housing) Date Very Low- Income
Deed Restricted
Very Low- Income
Non Deed
Restricted
Low- Income Deed
Restricted
Low- Income Non
Deed Restricted
Moderate- Income
Deed Restricted
Moderate- Income
Non Deed
Restricted
Above
Moderate-
Income
Summary Row: Start Data Entry Below
Note: "+" indicates an optional field
Cells in grey contain auto-calculation formulas
Table J
Student housing development for lower income students for which was granted a density bonus pursuant to subparagraph (F) of paragraph (1) of subdivision (b) of Section 65915 Project Identifier Units (Beds/Student Capacity) Approved 1 4
NOTE: STUDENT HOUSING WITH DENSITY BONUS ONLY. This
table only needs to be completed if there were student housing projects WITH a density bonus approved pursuant to
Government Code65915(b)(1)(F)
Annual Progress Report January 2020
Jurisdiction Colma
Reporting Year 2022 (Jan. 1 - Dec. 31)
Planning Period 5th Cycle 01/31/2015 - 01/31/2023
Current Year
Deed Restricted 0
Non-Deed Restricted 0
Deed Restricted 0
Non-Deed Restricted 0
Deed Restricted 0
Non-Deed Restricted 0
0 0
Units by Structure Type Entitled Permitted Completed
SFA 0 0 0
SFD 0 0 0
2 to 4 0 0 0
5+ 0 0 0
ADU 0 0 0
MH 0 0 0
Total 0 0 0
0 0
0 0
0 0
0 0
Income Rental Ownership Total
Very Low 0 0 0
Low 0 0 0
Moderate 0 0 0
Above Moderate 0 0 0
Total 0 0 0
Cells in grey contain auto-calculation formulas
Total Units Constructed with Streamlining
Total Housing Applications Submitted:

Number of Proposed Units in All Applications Received:

Total Housing Units Approved:

Total Housing Units Disapproved:

Total Units
Housing Applications Summary
Use of SB 35 Streamlining Provisions
Note: Units serving extremely low-income households are included in the very low-income permitted units totals Number of Applications for Streamlining
Building Permits Issued by Affordability Summary
Income Level
Very Low
Low
Moderate
Above Moderate
Units Constructed - SB 35 Streamlining Permits
Number of Streamlining Applications Approved
Total Developments Approved with Streamlining
Jurisdiction Colma
Reporting Year 2022 (Jan. 1 - Dec. 31)
Total Award Amount
Task $ Amount Awarded $ Cumulative Reimbursement
Requested
Summary of entitlements, building permits, and certificates of occupancy (auto-populated from Table A2) Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Completed Entitlement Issued by Affordability Summary
Income Level
Very Low
Low
Moderate
Above Moderate
Total Units
Building Permits Issued by Affordability Summary
Income Level
Very Low
Low

ANNUAL ELEMENT PROGRESS REPORT
Local Early Action Planning (LEAP) Reporting
(CCR Title 25 §6202)
Please update the status of the proposed uses listed in the entity’s application for funding and the corresponding impact on housing within the region or jurisdiction, as applicable, categorized based on the eligible uses specified in Section 50515.02 or 50515.03, as applicable.
-$
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Deed Restricted
Non-Deed Restricted
Moderate
Above Moderate
Total Units
Total Units
Certificate of Occupancy Issued by Affordability Summary Income Level
Very Low
Low
Moderate
Above Moderate
Total award amount is auto-populated based on amounts entered in rows 15-26.

Summary of entitlements, building permits, and certificates of occupancy (auto-populated from Table A2) Current Year
0 0
0 0
0 0
0 0
Current Year
0 0
0 0
Completed Entitlement Issued by Affordability Summary
Building Permits Issued by Affordability Summary

Staff Report - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 1 of 4 S

TAFF REPORT
T
O: Mayor and Members of the City Council
FROM: Brad Donohue, Public Works Director
Abdulkader Hashem, Senior Project Manager
VIA: Brian Dossey, City Manager
MEETING DATE: March 22, 2023
SUBJECT: El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS)

RECOMMENDATION
Staff recommends that the City Council adopt the following:

RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH MARK THOMAS IN THE AMOUNT OF $981,737.11 FOR THE EL

CAMINO REAL BICYCLE AND PEDESTRIAN IMPROVEMENT PROJECT, PROJECT STUDY

REPORT-PROJECT DEVELOPMENT SUPPORT (PSR-PDS) PURSUANT TO CEQA GUIDELINE 15306

EXECUTIVE SUMMARY
The proposed contract with Mark Thomas is for the preparation of El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS) for the El Camino Real within the Town of Colma.

T
he Town has designated a Project Initiation Document (PID) on El Camino Real (State Route 82, “ECR”) where the Measure W grant funding allocated by San Mateo County Transportation Authority (SMCTA) would be expensed. The ECR corridor and the need to improve pedestrian and bicycle accessibility and safety features along the roadway are essential in keeping the area accessible and safe for future housing needs and demands. The Project Study Report-Project Development Support (PSR-PDS) will serve as the Project Initiation Document (PID) for the El Camino Real Bicycle and Pedestrian Improvement Project in the Town of Colma.

The PSR-PDS will identify the Project need and purpose, stakeholder inputs, Project alternatives, anticipated right-of-way, preliminary environmental analysis, initial cost estimates, and Potential funding sources. The PSR-PDS approval will move the project into the Project Approval and Environmental Document (PA&ED) phase. All of these studies are required when working within the State’s Right of Way.

Item #7
Staff Report - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 2 of 4

FISCAL IMPACT
The San Mateo County Transportation Authority (SMCTA) awarded the Town of Colma $1,800,000 from the Measure W Highway Program Category (Measure W Funds) for the Project Initiation Document-Project Development Support (PSR-PDS) phase for El Camino Real Bicycle and Pedestrian Improvement Project. The Town will contribute $200,000 in local or other matching funds for a total project budget of $2,000,000.

The negotiated proposal to start and complete the PSR-PDS is agreed to by Mark Thomas for $981,737.11, in addition to about 5% Contingency in the amount of $47,000 which will be reimbursed by the SMCTA grant. Also, Caltrans will be reimbursed through Measure W Grant total amount $180,000 for Project Oversight. The Town will be required to provide a local match to this contract in the amount of $200,000 to manage the 12-month project. This amount of local match will be covered by the proposed CIP Allocation for FY 2022-23 for the project management of PSR-PDS by the Town Staff.

The Town’s proposed funding plan for the El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS) is as follows:

• Proposed CIP Allocation for FY 22-23 (Local Match) $ 200,000.00 • Measure W Grant Funding by SMCTA /
Mark Thomas Proposal Cost $ 981,737.11
• Proposed Contingency for PSR-PDS $ 47,000.00
• Project Oversight by Caltrans $ 180,000.00
Project Total Budget $ 1,408,737.11

ENVIRONMENTAL
The City Council’s action in adopting the resolution is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guideline 15306 as information collection. The resolution will authorize information gathering including a study that will lead to a proposed plan for bike and pedestrian improvements along El Camino Real. Once the plan is developed, CEQA review will be conducted to determine the level of environmental analysis that will be required to implement the plan. The City Council at the time that the plan and CEQA review is completed, will determine whether to actually approve or adopt the plan.

BACKGROUND
El Camino Real (SR -82, “ECR”) is a State -owned and operated highway. The highway is a North/South roadway that travels from one end of Town at County of San Mateo/Daly City border to the other end of Town at the City of South San Francisco border.

The San Mateo County Transportation Authority (SMCTA) sponsored a grant program using Measure W Highway Program Funds to fund local highway/roadway projects throughout the County. The Town applied for this competitive grant and was awarded $1,800,000 to develop Project Study Report-Project Development Support (PSR-PDS) along ECR within the Town of Colma.

The Town of Colma is the Project sponsor and implementing agency, the SMCTA is the funding agency and part of project management, and Caltrans is responsible for oversight. The Cooperative Agreement was executed with Caltrans on 1/11/2023 for the project oversight.

Staff Report - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 3 of 4 On February 1, 2023, the Town of Colma released a Request for Proposals (RFP) for the preparation of the El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS). The RFP contained a very specific scope of work along with timely deliverables. The RFP was advertised on the Town’s website and Integrated Marketing System (IMS) - a public section project research firm that provides government bid opportunities to the Architect and Engineering sectors nationwide. In addition, the Town sent solicitations to twelve consultants available on Town’s and SMCTA’s vendor list.

Only one consultant, Mark Thomas, responded to the RFP on February 28, 2023. The consultant submitted a proposal that satisfied the RFP requirements and was interviewed on March 9, 2023 by a panel consisting of Town Staff, SMCTA, and Caltrans.

The Town followed the Town’s Municipal Code and Caltrans’s Local Assistance Procedures Manual (LAPM) – Chapter 10 in the consultant selection process. The evaluation was based on the technical merit of proposals and cost proposals were kept confidential until the proposal had been reviewed.

ANALYSIS

The Project segment of SR-82 is bounded by Albert M Teglia Blvd at the northerly end, and by Arlington Drive at the southerly end. The purpose of this Project is to improve multi-modal infrastructure, traffic operations, and safety along the Project segment of ECR.

The purpose of this project is to prepare a Project Study Report-Project Development Support (PSR- PDS), the required type of Project Initiation Document (PID), including intersection controls and alternatives, costs, and impacts. The PSR-PDS will also identify the type of environmental documents to be prepared in the Project Approval and Environmental Document (PA&ED) phase and the coordination with Caltrans and SMCTA for review and approval. All analysis and modeling will be conducted with Caltrans-approved methodologies and models.

Initiation of this project requires the evaluation of alternatives, which will include understanding project history, defining the purpose and need, and developing quantifiable project alternatives.

This should be accomplished through careful study of the site constraints and coordination with Caltrans and SMCTA.

The Consultant shall be responsible for undertaking the following tasks under the scope of services, summarized below:
 Task 1 – Project Management and Administration
 Task 2 – Stakeholder Engagement and Coordination
 Task 3 – Community Engagement
 Task 4 – Project Initiation
 Task 5 – Initial Engineering Analysis
 Task 6 – Draft and Final Project Study Report-Project Development Support

With all the components in the scope of work, the project is anticipated to take approximately twelve (12) months to complete. It is anticipated to start in April 2023 and finish in May 2024 pending Caltrans and SMCTA final approvals.

Mark Thomas has shown proficiency with similar studies in complete streets and active transportation infrastructure. They recently completed and/or are currently working on similar projects such as the Decoto Road Corridor Multimodal Improvements PSR-PDS in Fremont, Grand Boulevard Phase III in the City of South San Francisco, Soquel Drive Multimodal Staff Report - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 4 of 4 Improvements in Santa Cruz County, and the Charleston-Arastradero Corridor Improvements in Palo Alto. Their subconsultant, Fehr & Peers, has extensive experience with El Camino Real and Grand Boulevard Initiative (GBI) goals through their work on the previous phase of El Camino Real Bicycle and Pedestrian Improvement Plan within Town of Colma.

Caltrans will provide oversight throughout the PSR-PDS process and provide Quality Management Assessment (QMA). This includes a review of sub-products to develop the PSR- PDS, ongoing advice and consultation, and participation in the Project Development Team (PDT) meetings and other Project activities.

After contacting references and a review of the project scope and budget, the staff is recommending to the City Council that Mark Thomas and their subconsultants be hired to develop the PSR-PDS for the El Camino Real Bicycle and Pedestrian Improvement Project.

Council Adopted Values

The PSR-PDS phase of El Camino Real Bicycle and Pedestrian Improvement Project is visionary, because it involves putting a feasible and fundable design alternative that will provide safe, attractive and sustainable paths of travel for those who walk, bike or use public transportation to and from work along ECR.

Sustainability Impact
Creating safe and attractive routes of travel for pedestrians, bicyclists and those who travel using public transit will attract more of the public to use these modes of transportation thus having a positive impact on lowering the Town’s GHG’s.

CONCLUSION
Staff recommends that the City Council adopt the resolution approving and authorizing the City Manager to execute the contract with Mark Thomas for the preparation of El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS).

ATTACHMENTS

A. Resolution
B. Professional Services Agreement with Mark Thomas, attached scope of work, budget and schedule

Reso 2023-__ - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 1 of 2 RESOLUTION NO. 2023-__

OF THE CITY COUNCIL OF THE TOWN OF COLMA

RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A AN AGREEMENT WITH MARK THOMAS IN THE AMOUNT OF $981,737.11 FOR THE EL

CAMINO REAL BICYCLE AND PEDESTRIAN IMPROVEMENT PROJECT, PROJECT

STUDY REPORT-PROJECT DEVELOPMENT SUPPORT (PSR-PDS) PURSUANT TO CEQA GUIDELINE 15306
T
he City Council of the Town of Colma does resolve as follows:

1. Background
(a) On February 1, 2023, the Town of Colma released a Request for Proposals (RFP) for the preparation of the El Camino Real Bicycle and Pedestrian Improvement Project, Project Study Report-Project Development Support (PSR-PDS) (the ”Project”). (b) On February 28, 2023, only one consultant, Mark Thomas, responded to the RFP . Mark Thomas was subsequently interviewed on March 9, 2023.
(c) Town staff i s now recommending to the City Council that Mark Thomas and their subconsultants be hired to develop the PSR -PDS for the El Camino Real Bicycle and Pedestrian Improvement Project.

2. Approval and Authorization
(a) The agreement for the Project between the Town of Colma and Mark Thomas, a copy of which is on file with the City Clerk, is approved by the City Council of the Town of Colma. (b) T he City Manager is hereby authorized to execute said agreement on behalf of the Town of Colma, with such minor technical amendments as may be deemed appropriate by the City Manager and the City Attorney.
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Attachment A
Reso 2023-__ - El Camino Real Bicycle and Pedestrian Improvement Project, PSR-PDS Page 2 of 2 Certification of Adoption
I certify that the foregoing Resolution 2023-__ was duly adopted at a regular meeting of said City Council held on March 22, 2023 by the following vote:

Name Voting Present, Not Voting Absent
Aye No Abstain Not Participating
Joanne F. del Rosario, Mayor
John Irish Goodwin
Ken Gonzalez
Carrie Slaughter
Helen Fisicaro
Voting Tally

Dated ______________________ ___________________________________ Joanne F. del Rosario, Mayor

Attest: ____________________________
Caitlin Corley, City Clerk

25977.00100\33555982.1
1 TOWN OF COLMA

PROFESSIONAL SERVICES AGREEMENT
This Agreement is made and entered into as of ________________, 20____ by and between the Town of Colma, a public agency organized and operating under the laws of the State of California with its principal place of business at 1198 El Camino Real, Colma, CA 94014 (“Town”), and [***INSERT NAME***], a [***INSERT TYPE OF ENTITY - CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP OR OTHER LEGAL ENTITY***] with its principal place of business at [***INSERT ADDRESS***] (hereinafter referred to as “Consultant”). Town and Consultant are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement.

RECITALS
A. Town is a public agency of the State of California and is in need of professional services for the following project:
____________________________________________________________________________ (hereinafter referred to as “the Project”).

B. Consultant is duly licensed and has the necessary qualifications to provide such services.

C. The Parties desire by this Agreement to establish the terms for Town to retain Consultant to provide the services described herein.

AGREEMENT
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

1. Services.

Consultant shall provide the Town with the services described in the Scope of Services attached hereto as Exhibit “A.” [Alternatively, Scope of Services can be included here and all subsequent exhibits renumbered accordingly.]

2. Compensation.
a. Subject to paragraph 2(b) below, the Town shall pay for such services in accordance with the Schedule of Charges set forth in Exhibit “B.” [Alternatively, Schedule of Charges may be included here and all subsequent exhibits renumbered accordingly.] b. In no event shall the total amount paid for services rendered by Consultant under this Agreement exceed the sum of $ [Insert amount of compensation]. This amount is to cover all printing and related costs, and the Town will not pay any additional fees for printing expenses. Periodic payments shall be made within 30 days of receipt of an invoice which includes a detailed description of the work performed. Payments to Consultant for work performed will be made on a monthly billing basis.

3. Additional Work.

Attachment B
25977.00100\33555982.1
2 If changes in the work seem merited by Consultant or the Town, and informal consultations with the other party indicate that a change is warranted, it shall be processed in the following manner: a letter outlining the changes shall be forwarded to the Town by Consultant with a statement of estimated changes in fee or time schedule. An amendment to this Agreement shall be prepared by the Town and executed by both Parties before performance of such services, or the Town will not be required to pay for the changes in the scope of work. Such amendment shall not render ineffective or invalidate unaffected portions of this Agreement.

4. Maintenance of Records.

Books, documents, papers, accounting records, and other evidence pertaining to costs incurred shall be maintained by Consultant and made available at all reasonable times during the contract period and for four (4) years from the date of final payment under the contract for inspection by Town.

5.[Insert Term or Time of Performance].
[If engaging the Consultant for a particular term, use the following provision] The term of this Agreement shall be from [Insert start date] to [Insert end date], unless earlier terminated as provided herein. The Parties may, by mutual, written consent, extend the term of this Agreement if necessary to complete the Project. Consultant shall perform its services in a prompt and timely manner within the term of this Agreement and shall commence performance upon receipt of written notice from the Town to proceed (“Notice to Proceed”). [If the Town has specific milestones or timelines for performance, please input those requirements in the “Activity Schedule” attached as Exhibit C, otherwise delete Exhibit C.] The Notice to Proceed shall set forth the date of commencement of work. [If engaging the Consultant to perform a discrete task with a specified deadline, use the following provision]
Consultant shall perform its services in a prompt and timely manner and shall commence performance upon receipt of written notice from the Town to proceed (“Notice to Proceed”).

Consultant shall complete the services required hereunder within [Insert number of calendar days for performance of the services – if more detail is required attach “Activity Schedule” as Exhibit C, otherwise delete Exhibit C.] The Notice to Proceed shall set forth the date of commencement of work.

6. Delays in Performance.
a. Neither Town nor Consultant shall be considered in default of this Agreement for delays in performance caused by circumstances beyond the reasonable control of the non- performing party. For purposes of this Agreement, such circumstances include but are not limited to, abnormal weather conditions; floods; earthquakes; fire; epidemics; pandemics; war; riots and other civil disturbances; strikes, lockouts, work slowdowns, and other labor disturbances; sabotage or judicial restraint.
b. Should such circumstances occur, the non-performing party shall, within a reasonable time of being prevented from performing, give written notice to the other party describing the circumstances preventing continued performance and the efforts being made to resume performance of this Agreement.
25977.00100\33555982.1
3 7. Compliance with Law.
a. Consultant shall comply with all applicable laws, ordinances, codes and regulations of the federal, state and local government, including Cal/OSHA requirements. b. If required, Consultant shall assist the Town, as requested, in obtaining and maintaining all permits required of Consultant by federal, state and local regulatory agencies. c. If applicable, Consultant is responsible for all costs of clean up and/ or removal of hazardous and toxic substances spilled as a result of his or her services or operations performed under this Agreement.

8. Standard of Care
Consultant’s services will be performed in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by members of the profession currently practicing under similar conditions.

9. Assignment and Subconsultant
Consultant shall not assign, sublet, or transfer this Agreement or any rights under or interest in this Agreement without the written consent of the Town, which may be withheld for any reason. Any attempt to so assign or so transfer without such consent shall be void and without legal effect and shall constitute grounds for termination. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement. Nothing contained herein shall prevent Consultant from employing independent associates, and subconsultants as Consultant may deem appropriate to assist in the performance of services hereunder.

10. Independent Contractor
Consultant is retained as an independent contractor and is not an employee of Town. No employee or agent of Consultant shall become an employee of Town. The work to be performed shall be in accordance with the work described in this Agreement, subject to such directions and amendments from Town as herein provided.

11. Insurance. [Town Risk Manager to Review] Consultant shall not commence work for the Town until it has provided evidence satisfactory to the Town it has secured all insurance required under this section. In addition, Consultant shall not allow any subcontractor to commence work on any subcontract until it has secured all insurance required under this section. a. Commercial General Liability
(i) The Consultant shall take out and maintain, during the performance of all work under this Agreement, in amounts not less than specified herein, Commercial General Liability Insurance, in a form and with insurance companies acceptable to the Town. (ii) Coverage for Commercial General Liability insurance shall be at least as broad as the following:
25977.00100\33555982.1
4 (1) Insurance Services Office Commercial General Liability coverage (Occurrence Form CG 00 01) or exact equivalent. (iii) Commercial General Liability Insurance must include coverage for the following:
(1) Bodily Injury and Property Damage
(2) Personal Injury/Advertising Injury
(3) Premises/Operations Liability
(4) Products/Completed Operations Liability
(5) Aggregate Limits that Apply per Project
(6) Explosion, Collapse and Underground (UCX) exclusion deleted
(7) Contractual Liability with respect to this Agreement (8) Property Damage
(9) Independent Contractors Coverage
(iv) The policy shall contain no endorsements or provisions limiting coverage for (1) contractual liability; (2) cross liability exclusion for claims or suits by one insured against another; (3) products/completed operations liability; or (4) contain any other exclusion contrary to the Agreement.
(v) The policy shall give Town, San Mateo County Transportation Authority (“TA”), the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees, agents and Town designated volunteers additional insured status using ISO endorsement forms CG 20 10 10 01 and 20 37 10 01, or endorsements providing the exact same coverage. (vi) The general liability program may utilize either deductibles or provide coverage excess of a self-insured retention, subject to written approval by the Town, and provided that such deductibles shall not apply to the Town as an additional insured. b. Automobile Liability
(i) At all times during the performance of the work under this Agreement, the Consultant shall maintain Automobile Liability Insurance for bodily injury and property damage including coverage for owned, non-owned and hired vehicles, in a form and with insurance companies acceptable to the Town.
(ii) Coverage for automobile liability insurance shall be at least as broad as Insurance Services Office Form Number CA 00 01 covering automobile liability (Coverage Symbol 1, any auto).
(iii) The policy shall give Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees, agents and Town designated volunteers additional insured status.
(iv) Subject to written approval by the Town, the automobile liability program may utilize deductibles, provided that such deductibles shall not apply to the Town as an additional insured, but not a self-insured retention.
25977.00100\33555982.1
5 c. Workers’ Compensation/Employer’s Liability
(i) Consultant certifies that he/she is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and he/she will comply with such provisions before commencing work under this Agreement.
(ii) To the extent Consultant has employees at any time during the term of this Agreement, at all times during the performance of the work under this Agreement, the Consultant shall maintain full compensation insurance for all persons employed directly by him/her to carry out the work contemplated under this Agreement, all in accordance with the “Workers’ Compensation and Insurance Act,” Division IV of the Labor Code of the State of California and any acts amendatory thereof, and Employer’s Liability Coverage in amounts indicated herein. Consultant shall require all subconsultants to obtain and maintain, for the period required by this Agreement, workers’ compensation coverage of the same type and limits as specified in this section.
d. Professional Liability (Errors and Omissions)
At all times during the performance of the work under this Agreement the Consultant shall maintain professional liability or Errors and Omissions insurance appropriate to its profession, in a form and with insurance companies acceptable to the Town and in an amount indicated herein.

This insurance shall be endorsed to include contractual liability applicable to this Agreement and shall be written on a policy form specifically designed to protect against acts, errors or omissions of the Consultant. “Covered Professional Services” as designated in the policy must specifically include work performed under this Agreement. The policy must “pay on behalf of” the insured and must include a provision establishing the insurer's duty to defend. e. Minimum Policy Limits Required
(i) The following insurance limits are required for the Agreement:

Combined Single Limit
Commercial General Liability $1,000,000 per occurrence/ $2,000,000 aggregate for bodily injury, personal injury, and property
damage
Automobile Liability $1,000,000 combined single limit
Employer’s Liability $1,000,000 per accident or disease Professional Liability $1,000,000 per claim and aggregate (errors and omissions)
(ii) Defense costs shall be payable in addition to the limits. (iii) Requirements of specific coverage or limits contained in this section are not intended as a limitation on coverage, limits, or other requirement, or a waiver of 25977.00100\33555982.1
6 any coverage normally provided by any insurance. Any available coverage shall be provided to the parties required to be named as Additional Insured pursuant to this Agreement. f. Evidence Required
Prior to execution of the Agreement, the Consultant shall file with the Town evidence of insurance from an insurer or insurers certifying to the coverage of all insurance required herein. Such evidence shall include original copies of the ISO CG 00 01 (or insurer’s equivalent) signed by the insurer’s representative and Certificate of Insurance (Acord Form 25- S or equivalent), together with required endorsements. All evidence of insurance shall be signed by a properly authorized officer, agent, or qualified representative of the insurer and shall certify the names of the insured, any additional insureds, where appropriate, the type and amount of the insurance, the location and operations to which the insurance applies, and the expiration date of such insurance.
g. Policy Provisions Required
(i) Consultant shall provide the Town at least thirty (30) days prior written notice of cancellation of any policy required by this Agreement, except that the Consultant shall provide at least ten (10) days prior written notice of cancellation of any such policy due to non-payment of premium. If any of the required coverage is cancelled or expires during the term of this Agreement, the Consultant shall deliver renewal certificate(s) including the General Liability Additional Insured Endorsement to the Town at least ten (10) days prior to the effective date of cancellation or expiration.
(ii) The Commercial General Liability Policy and Automobile Policy shall each contain a provision stating that Consultant’s policy is primary insurance and that any insurance, self-insurance or other coverage maintained by the Town or any named insureds shall not be called upon to contribute to any loss.
(iii) The retroactive date (if any) of each policy is to be no later than the effective date of this Agreement. Consultant shall maintain such coverage continuously for a period of at least three years after the completion of the work under this Agreement. Consultant shall purchase a one (1) year extended reporting period A) if the retroactive date is advanced past the effective date of this Agreement; B) if the policy is cancelled or not renewed; or C) if the policy is replaced by another claims-made policy with a retroactive date subsequent to the effective date of this Agreement.
(iv) All required insurance coverages, except for the professional liability coverage, shall contain or be endorsed to provide a waiver of subrogation in favor of the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees, agents, and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Consultant hereby waives its own right of recovery against Town, and shall require similar written express waivers and insurance clauses from each of its subconsultants.
(v) The limits set forth herein shall apply separately to each insured against whom claims are made or suits are brought, except with respect to the limits of liability.

Further the limits set forth herein shall not be construed to relieve the Consultant from liability in 25977.00100\33555982.1
7 excess of such coverage, nor shall it limit the Consultant’s indemnification obligations to the Town and shall not preclude the Town from taking such other actions available to the Town under other provisions of the Agreement or law.
h. Qualifying Insurers
(i) All policies required shall be issued by acceptable insurance companies, as determined by the Town, which satisfy the following minimum requirements:
(1) Each such policy shall be from a company or companies with a current A.M. Best's rating of no less than A:VII and admitted to transact in the business of insurance in the State of California, or otherwise allowed to place insurance through surplus line brokers under applicable provisions of the California Insurance Code or any federal law.
i. Additional Insurance Provisions
(i) The foregoing requirements as to the types and limits of insurance coverage to be maintained by Consultant, and any approval of said insurance by the Town, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the Consultant pursuant to this Agreement, including but not limited to, the provisions concerning indemnification.
(ii) If at any time during the life of the Agreement, any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, Town has the right but not the duty to obtain the insurance it deems necessary and any premium paid by Town will be promptly reimbursed by Consultant or Town will withhold amounts sufficient to pay premium from Consultant payments. In the alternative, Town may cancel this Agreement.
(iii) The Town may require the Consultant to provide complete copies of all insurance policies in effect for the duration of the Project. (iv) Neither the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), nor their respective officials, officers, employees, agents or volunteers shall be personally responsible for any liability arising under or by virtue of this Agreement. j. Subconsultant Insurance Requirements. Consultant shall not allow any subcontractors or subconsultants to commence work on any subcontract until they have provided evidence satisfactory to the Town that they have secured all insurance required under this section. Policies of commercial general liability insurance provided by such subcontractors or subconsultants shall be endorsed to name the Town as an additional insured using ISO form CG 20 38 04 13 or an endorsement providing the exact same coverage. If requested by Consultant, Town may approve different scopes or minimum limits of insurance for particular subcontractors or subconsultants.
j. Supplemental Insurance Requirements
In addition, the Parties acknowledge that the consultant is being required to meet the insurance requirements set in the Funding Agreement dated November 17, 2022 between San Mateo 25977.00100\33555982.1
8 County Transportation Authority and Town (“Funding Agreement”), which is incorporated herein by reference. To effectuate the same, the Parties agree to the following provisions of this subdivision (j). In the event of a conflict or inconsistency between the requirements of this provision and the other requirements of other provisions of this agreement, the stricter requirement shall control, and provided further that this Agreement shall not be construed in any manner which would be inconsistent with Town’s obligations under the Funding Agreement.

The Consultant is hereby required to meet the insurance requirements set in the Funding Agreement, and the following requirements shall apply to Consultant and shall be construed to be no narrower than the requirements of the Funding Agreement:

Consultant shall furnish and maintain appropriate insurance covering the work being performed.

The insurance requirements specified in this section will cover Consultant’s own liability and any liability arising out of work or services of Consultant subcontractors, subconsultants, suppliers, temporary workers, independent contractors, leased employees, or any other persons, firms or corporations (hereinafter collectively referred to as “Agents”) working on the Project. i.Minimum Types and Scope of Insurance. Consultant is required to procure and maintain at its sole cost and expense insurance subject to the requirements set forth below. Such insurance will remain in full force and effect throughout the performance of the Agreement between San Mateo County Transportation Authority and Town. All policies will be issued by insurers acceptable to the Town and between San Mateo County Transportation Authority (generally with a Best’s Rating of A-10 or better). Consultant is also required to assess the risks associated with work to be performed by agents and to require that agents maintain adequate insurance coverages with appropriate limits and endorsements to cover such risks. To the extent that its agent does not procure and maintain such insurance coverage, an Consultant is responsible for and assumes any and all costs and expenses that may be incurred in securing said coverage or in fulfilling the Consultant’s indemnity obligations as to itself or any of its agents in the absence of coverage. Consultant may self-insure against the risks associated with the Scope of Work, but in such case, waive subrogation in favor of the between San Mateo County Transportation Authority respecting any and all claims that may arise.

A.Workers’ Compensation and Employer’s Liability Insurance. Worker's Compensation coverage must meet statutory limits and Employer’s Liability Insurance must have minimum limits of $1,000,000. Insurance must include a Waiver of Subrogation in favor of the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees .

B.Commercial General Liability Insurance. The limit for Commercial General Liability Insurance in each contract and subcontract cannot be less than $1,000,000.

Commercial General Liability Insurance must be primary to any other insurance, 25977.00100\33555982.1
9 name Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees as Additional Insured, include a Separation of Interests endorsement and include a Waiver of Subrogation in favor of Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees.

C.Business Automobile Liability Insurance. The limit for Business Automobile Liability Insurance in each contract and subcontract cannot be less than $1,000,000.

Insurance must cover all owned, non-owned and hired autos, and include a Waiver of Subrogation in favor of Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees.

D.Property Insurance. Property Insurance must cover an Entity’s and/or Agent’s own equipment as well as any materials to be installed. Property Insurance must include a Waiver of Subrogation in favor of the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees.

E.Professional Liability Insurance. Professional liability insurance that covers each Consultant’s professional work on the Project. The limit for Professional Liability Insurance in shall not be less than $1,000,000.
ii.Excess or Umbrella Coverage. Consultant may opt to procure excess or umbrella coverage to meet the above requirements, but in such case, these policies must also satisfy all specified endorsements and stipulations for the underlying coverages and include provisions that the policy holder's insurance is to be primary without any right of contribution from the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees. iii.Deductibles and Retentions. Sponsor must ensure that deductibles or retentions on any of the above insurance policies are paid without right of contribution from Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees. Deductible and retention provisions cannot 25977.00100\33555982.1
10 contain any restrictions as to how or by whom the deductible or retention is paid. Any deductible or retention provision limiting payment to the named insured is unacceptable.

In the event that any policy contains a deductible or self-insured retention, and in the event that the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective directors, officers, agents and employees seeks coverage under such policy as an additional insured, Consultant shall ensure that the policy holder satisfies such deductible to the extent of loss covered by such policy for a lawsuit arising from or connected with any alleged act or omission of the Consultant, even if neither the Entity nor Agents are named defendants in the lawsuit. iv.Claims Made Coverage. If any insurance specified above is provided on a claim-made basis, then in addition to coverage requirements above, such policy must provide that:

A.Policy retroactive date coincides with or precedes the Consultant’s start of work (including subsequent policies purchased as renewals or replacements).

B.Entity will make every effort to maintain similar insurance for at least three (3) years following Project completion, including the requirement of adding all additional insureds.

C.If insurance is terminated for any reason, Consultant agrees to purchase an extended reporting provision of at least three (3) years to report claims arising from work performed in connection with this Agreement.

Policy allows for reporting of circumstances or incidents that might give rise to future claims.

D.Failure to Procure Adequate Insurance. Failure by Consultant to procure sufficient insurance under this Agreement does not excuse Consultant from meeting all obligations to indemnify, defend, and hold harmless generally or any of the remainder of this Agreement.

Prior to beginning work under this Agreement, Consultant must obtain, and produce upon request of the Town, satisfactory evidence of compliance with the insurance requirements of this section.

12. Indemnification.
a. For all matters except those that arise out of Consultant’s performance of “design professional” services (as that term is defined under Civil Code section 2782.8), to the fullest extent permitted by law, Consultant shall defend (with counsel of Town’s choosing), indemnify and hold the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees, volunteers, and agents (collectively, the 25977.00100\33555982.1
11 “Indemnified Parties”) free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury of any kind, in law or equity, to property or persons, including wrongful death, in any manner arising out of, pertaining to, or incident to any acts, errors or omissions, or willful misconduct of Consultant, its officials, officers, employees, subcontractors, consultants or agents in connection with the performance of the Consultant’s services, the Project or this Agreement (each, a “Claim”), including but not limited to any of the following:
i. Any injury to persons or property that may occur, or that may be alleged to have occurred, arising from the performance of the Project or implementation of the Funding Agreement between San Mateo County Transportation Authority and Town, or
ii. Any allegation that materials or services developed, provided or used for the Project infringe or violate any copyright, trademark, patent, trade secret, or any other intellectual property or proprietary right of any third party,
including without limitation the payment of all damages, expert witness fees and attorney’s fees and other related costs and expenses. Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by Consultant, the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees, agents, or volunteers. If any judgment is rendered, or settlement reached, against the any of the Indemnified Parties in any such action, Consultant Sponsor shall, at its expense, satisfy and discharge the same. With regard to any Claim alleging Consultant’s negligent performance of professional services, Consultant’s obligations regarding defense under this paragraph may be satisfied by the reimbursement of reasonable defense costs incurred to the extent of Consultant’s actual indemnity obligations hereunder.

For the avoidance of doubt, the foregoing obligations shall survive termination or expiration of the Funding Agreement between San Mateo County Transportation Authority and Town.

b. If Consultant’s obligation to defend, indemnify, and/or hold harmless arises out of Consultant’s performance of “design professional” services (as that term is defined under Civil Code section 2782.8), then, and only to the extent required by Civil Code section 2782.8, which is fully incorporated herein, Consultant’s indemnification obligation shall be limited to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant, and, upon Consultant obtaining a final adjudication by a court of competent jurisdiction, Consultant’s liability for such claim, including the cost to defend, shall not exceed the Consultant’s proportionate percentage of fault.

13. California Labor Code Requirements.
a. Consultant is aware of the requirements of California Labor Code Sections 1720 et seq. and 1770 et seq., which require the payment of prevailing wage rates and the performance of other requirements on certain “public works” and “maintenance” projects (“Prevailing Wage Laws”). If the services are being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Consultant agrees to fully comply with such Prevailing Wage Laws. Consultant shall defend, indemnify and hold the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California 25977.00100\33555982.1
12 Department of Transportation), and their respective officials, officers, employees and agents free and harmless from any claims, liabilities, costs, penalties or interest arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. It shall be mandatory upon the Consultant and all subconsultants to comply with all California Labor Code provisions, which include but are not limited to prevailing wages (Labor Code Sections 1771, 1774 and 1775), employment of apprentices (Labor Code Section 1777.5), certified payroll records (Labor Code Sections 1771.4 and 1776), hours of labor (Labor Code Sections 1813 and 1815) and debarment of contractors and subcontractors (Labor Code Section 1777.1). The requirement to submit certified payroll records directly to the Labor Commissioner under Labor Code section 1771.4 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Section 1771.4. b. If the services are being performed as part of an applicable “public works” or “maintenance” project, then pursuant to Labor Code Sections 1725.5 and 1771.1, the Consultant and all subconsultants performing such services must be registered with the Department of Industrial Relations. Consultant shall maintain registration for the duration of the Project and require the same of any subconsultants, as applicable. Notwithstanding the foregoing, the contractor registration requirements mandated by Labor Code Sections 1725.5 and 1771.1 shall not apply to work performed on a public works project that is exempt pursuant to the small project exemption specified in Labor Code Sections 1725.5 and 1771.1. c. This Agreement may also be subject to compliance monitoring and enforcement by the Department of Industrial Relations. It shall be Consultant’s sole responsibility to comply with all applicable registration and labor compliance requirements. Any stop orders issued by the Department of Industrial Relations against Consultant or any subcontractor that affect Consultant’s performance of services, including any delay, shall be Consultant’s sole responsibility. Any delay arising out of or resulting from such stop orders shall be considered Consultant caused delay and shall not be compensable by the Town. Consultant shall defend, indemnify and hold the Town, San Mateo County Transportation Authority, the State of California (including by way of illustration and not by limitation the California Department of Transportation), and their respective officials, officers, employees and agents free and harmless from any claim or liability arising out of stop orders issued by the Department of Industrial Relations against Consultant or any subcontractor.

14. Verification of Employment Eligibility.

By executing this Agreement, Consultant verifies that it fully complies with all requirements and restrictions of state and federal law respecting the employment of undocumented aliens, including, but not limited to, the Immigration Reform and Control Act of 1986, as may be amended from time to time, and shall require all subconsultants and sub-subconsultants to comply with the same.
[Delete the following title and insert “Reserved”, if not applicable.]

15. Town Material Requirements.

Consultant is hereby made aware of the Town’s requirements regarding materials, as set forth in [Insert the name of the document that contains the Town’s standard material requirements], which are deemed to be a part of this Agreement.

16. Laws and Venue.
25977.00100\33555982.1
13 This Agreement shall be interpreted in accordance with the laws of the State of California.

If any action is brought to interpret or enforce any term of this Agreement, the action shall be brought in a state or federal court situated in the County of San Mateo, State of California. 17 Termination or Abandonment
a. Town, or Consultant has the right to terminate or abandon any portion or all of the work under this Agreement by giving fourteen (14) calendar days written notice to the other party. In such event, Town shall be immediately given title and possession to all original field notes, drawings and specifications, written reports and other documents produced or developed for that portion of the work completed and/or being abandoned. Town shall pay Consultant the reasonable value of services rendered for any portion of the work completed prior to termination. If said termination occurs prior to completion of any task for the Project for which a payment request has not been received, the charge for services performed during such task shall be the reasonable value of such services, based on an amount mutually agreed to by Town and Consultant of the portion of such task completed but not paid prior to said termination. Town shall not be liable for any costs other than the charges or portions thereof which are specified herein. Consultant shall not be entitled to payment for unperformed services, and shall not be entitled to damages or compensation for termination of work. b. Consultant may terminate its obligation to provide further services under this Agreement upon thirty (30) calendar days’ written notice to Town only in the event of substantial failure by Town to perform in accordance with the terms of this Agreement through no fault of Consultant.
18 Documents. Except as otherwise provided in “Termination or Abandonment,” above, all original field notes, written reports, Drawings and Specifications and other documents, produced or developed for the Project shall, upon payment in full for the services described in this Agreement, be furnished to and become the property of the Town.

19. Organization
Consultant shall assign _________________________ as Project Manager. The Project Manager shall not be removed from the Project or reassigned without the prior written consent of the Town.

20. Limitation of Agreement.

This Agreement is limited to and includes only the work included in the Project described above.

21. Notice
Any notice or instrument required to be given or delivered by this Agreement may be given or delivered by depositing the same in any United States Post Office, certified mail, return receipt requested, postage prepaid, addressed to:

TOWN:

Town of Colma
CONSULTANT:
[***INSERT NAME, ADDRESS & CONTACT
PERSON***]
25977.00100\33555982.1
14 1198 El Camino Real
Colma, CA 94014
Attn: [***INSERT NAME & DEPARTMENT***]
and shall be effective upon receipt thereof.

22. Third Party Rights
Nothing in this Agreement shall be construed to give any rights or benefits to anyone other than the Town and the Consultant.

23. Equal Opportunity Employment.

Consultant represents that it is an equal opportunity employer and that it shall not discriminate against any employee or applicant for employment because of race, religion, color, national origin, ancestry, sex, age or other interests protected by the State or Federal Constitutions. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

24. Entire Agreement
This Agreement, with its exhibits, represents the entire understanding of Town and Consultant as to those matters contained herein, and supersedes and cancels any prior or contemporaneous oral or written understanding, promises or representations with respect to those matters covered hereunder. Each Party acknowledges that no representations, inducements, promises or agreements have been made by any person which are not incorporated herein, and that any other agreements shall be void. This Agreement may not be modified or altered except in writing signed by both Parties hereto. This is an integrated Agreement.

25. Severability
The unenforceability, invalidity or illegality of any provision(s) of this Agreement shall not render the remaining provisions unenforceable, invalid or illegal.

26. Successors and Assigns
This Agreement shall be binding upon and shall inure to the benefit of the successors in interest, executors, administrators and assigns of each Party to this Agreement. However, Consultant shall not assign or transfer by operation of law or otherwise any or all of its rights, burdens, duties or obligations without the prior written consent of Town. Any attempted assignment without such consent shall be invalid and void.

27. Non-Waiver
None of the provisions of this Agreement shall be considered waived by either Party, unless such waiver is specifically specified in writing.

28. Time of Essence
25977.00100\33555982.1
15 Time is of the essence for each and every provision of this Agreement.

29. Town’s Right to Employ Other Consultants
Town reserves its right to employ other consultants, including engineers, in connection with this Project or other projects.

30. Prohibited Interests
Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, Town shall have the right to rescind this Agreement without liability. For the term of this Agreement, no director, official, officer or employee of Town, during the term of his or her service with Town, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

31. Federal Requirements [***INCLUDE THIS SECTION ONLY IF APPLICABLE; DELETE OTHERWISE AND DELETE ASSOCIATED EXHIBIT. YOU MAY ALSO NEED TO INCLUDE SOME INFORMATION IN THE RFP DUE TO FEDERAL FUNDING GUIDELINES.

CONSULT LEGAL COUNSEL IF NECESSARY***]
When funding for the services is provided, in whole or in part, by an agency of the federal government, Consultant shall also fully and adequately comply with the provisions included in Exhibit “D” (Federal Requirements) attached hereto and incorporated herein by reference (“Federal Requirements”). With respect to any conflict between such Federal Requirements and the terms of this Agreement and/or the provisions of state law, the more stringent requirement shall control.

31. Funding Agreement. The requirements set in the Funding Agreement dated November 17, 2022 between San Mateo County Transportation Authority and Town (“Funding Agreement”), which is incorporated herein by reference, are made applicable to this Agreement.

In the event that any provision of this Agreement can be construed to conflict with the Funding Agreement or to be inconsistent with the obligations of the Town thereunder, then such provision shall be construed and shall operate in the manner required by the Funding Agreement.

Compliance with the Funding Agreement is a condition of this Agreement. [SIGNATURES ON FOLLOWING PAGE]
25977.00100\33555982.1
16 SIGNATURE PAGE FOR PROFESSIONAL SERVICES AGREEMENT

BETWEEN TOWN OF COLMA
AND [***INSERT NAME***]
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

TOWN OF COLMA [INSERT NAME OF CONSULTANT]
By: By:
[INSERT NAME]
[INSERT TITLE] Its:

Printed Name:

ATTEST:

By:
[INSERT TITLE]
APPROVED AS TO FORM:

By:

City Attorney
25977.00100\33555982.1
17 EXHIBIT A
Scope of Services

El Camino Real Bicycle and Pedestrian Improvement Project PSR-PD Town of Colma

Page 1 of 16 ends

Colma City CouncilMarch 22, 2023

Colma City Council
March 22, 2023