Emeryville City Council
January 18, 2022

CITY OF EMERYVILLE

CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2021
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CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
Prepared by:

FINANCE DEPARTMENT
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CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021

TABLE OF CONTENTS
Page
INTRODUCTORY SECTION:

Letter of Transmittal ..................................................................................................................................................... vii GFOA Award ............................................................................................................................................................ xvi List of City Officials ................................................................................................................................................... xvii Organizational Chart of City Departments .............................................................................................................. xviii Map of Emeryville ....................................................................................................................................................... xix BASIC FINANCIAL SECTION:

Independent Auditor’s Report .................................................................................................................................... 1 Management’s Discussion and Analysis .................................................................................................................... 5 Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position ........................................................................................................................... 19 Statement of Activities ................................................................................................................................ 20 Fund Financial Statements:

Governmental Funds:

Balance Sheet .......................................................................................................................................... 24 Reconciliation of Governmental Fund Balances to the
Net Position of Governmental Activities ........................................................................................... 27 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ........... 28 Reconciliation of the Net Change in Fund Balances – Total Governmental Funds With the Statement of Activities ........................................................................................................ 30 Statement of Net Position – Proprietary Funds .......................................................................................... 32 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds ............................... 33 Statement of Cash Flows – Proprietary Funds............................................................................................ 34 i

CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021

TABLE OF CONTENTS
Page
BASIC FINANCIAL SECTION (Continued):

Fiduciary Funds:

Statements of Fiduciary Net Position .................................................................................................... 36 Statement of Changes in Fiduciary Net Position .................................................................................. 37 Notes to Basic Financial Statements ............................................................................................................ 39 Required Supplementary Information:

Budgetary Comparison Schedule – General Fund ...................................................................................... 94 Budgetary Comparison Schedule – Other Grants Special Revenue Fund .................................................. 95 Budgetary Comparison Schedule – Housing Assets Special Revenue Fund .............................................. 96 Budgetary Comparison Schedule – Property Based Improvement District Special Revenue Fund ........... 97 Schedules of the City’s Proportionate Share of the Net Pension Liability:

Miscellaneous Plan ............................................................................................................................ 98 Safety Plan ......................................................................................................................................... 99 Schedules of Changes in Net Pension Liability and Related Ratios:

Emeryville Police Officers’ Association Retirement Enhancement Plan ....................................... 100 Schedules of Plan Contributions:

Miscellaneous Plan .......................................................................................................................... 101 Safety Plan ....................................................................................................................................... 102 Emeryville Police Officers’ Association Retirement Enhancement Plan ....................................... 103 Schedule of Changes in the Net OPEB Liability and Related Ratios ....................................................... 104 Schedule of OPEB Plan Contributions ...................................................................................................... 105 Notes to Required Supplementary Information ......................................................................................... 106 ii

CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021

TABLE OF CONTENTS
Page
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES:

Supplemental Information:

Non-major Governmental Funds:

Combining Balance Sheets .................................................................................................................. 110 Combining Statements of Revenues, Expenditures, and Changes in Fund Balances ............................................................................................................................. 120 Budgetary Comparison Schedule – Nonmajor Special Revenue Funds:

Housing Community Development ..................................................................................................... 130 Cal-HOME Loan Program ................................................................................................................... 131 Police Impound .................................................................................................................................... 132 Catellus Contingent .............................................................................................................................. 133 Special Gas Tax Street Improvement ................................................................................................... 134 General Plan Maintenance ................................................................................................................... 135 Child Development .............................................................................................................................. 136 Measure B ............................................................................................................................................ 137 Measure BB .......................................................................................................................................... 138 Transportation Impact Fee ................................................................................................................... 139 Park/Rec Impact Fee ............................................................................................................................ 140 Affordable Housing Impact Fee ........................................................................................................... 141 Supplemental Law Enforcement .......................................................................................................... 142 Emergency Medical Services ............................................................................................................... 143 Recycling/Source Reduction ................................................................................................................ 144 Measure D ............................................................................................................................................ 145 Emeryville Public Art .......................................................................................................................... 146 Information Technology ....................................................................................................................... 147 PEG Program Fund .............................................................................................................................. 148 Urban Forestry Fee ............................................................................................................................... 149 Affordable Housing .............................................................................................................................. 150 Environmental Program ....................................................................................................................... 151 Road Maintenance and Rehabilitation ................................................................................................. 152 Measure B-VRF ................................................................................................................................... 153 Measure F ............................................................................................................................................. 154 Parking Program .................................................................................................................................. 155

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CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021

TABLE OF CONTENTS
Page
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued):

Budgetary Comparison Schedule – Capital Projects Funds:

General Capital Improvements ............................................................................................................ 156 1999 Revenue Bond ............................................................................................................................. 157 Marina Improvement ............................................................................................................................ 158 Emeryville Center of Community Life ................................................................................................ 159 Implementation Plan 2010-14 .............................................................................................................. 160 Pedestrian Path Improvement .............................................................................................................. 161 Major Maintenance .............................................................................................................................. 162 Vehicle Replacement ........................................................................................................................... 163 RDA Bond ............................................................................................................................................ 164 Developer Contributions ...................................................................................................................... 165 Budgetary Comparison Schedule – Debt Service Fund:
1998 Lease Revenue Series A Bond .................................................................................................... 166 Internal Service Funds:

Combining Statement of Net Position ................................................................................................. 168 Combining Statements of Revenues, Expenses and Changes in Fund Net Position .......................... 170 Combining Statements of Cash Flows ................................................................................................ 172 Custodial Funds:

Combining Statement of Net Position ................................................................................................. 176 Statement of Changes in Fiduciary Net Position ................................................................................ 177 Private-Purpose Trust Funds:

Combining Statement of Net Position ................................................................................................. 180 Combining Statement of Changes in Fiduciary Net Position ............................................................. 181 STATISTICAL SECTION:

Net Position by Component – Last Ten Fiscal Years ................................................................................. 184 Changes in Net Position – Last Ten Fiscal Years ....................................................................................... 186 Fund Balances, Governmental Funds – Last Ten Fiscal Years .................................................................. 190 Changes in Fund Balances, Governmental Funds – Last Ten Fiscal Years ............................................... 192

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CITY OF EMERYVILLE, CALIFORNIA

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021

TABLE OF CONTENTS
Page
STATISTICAL SECTION (Continued):

Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years ..................... 195 Assessed Value of Property by Use Code, Citywide - Last Ten Fiscal Years ........................................... 196 Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ....................................................... 198 Principal Property Tax Payers – Current Year and Nine Years Ago ......................................................... 199 Property Tax Levies and Collections – Last Ten Fiscal Years ................................................................... 200 Ratio of Outstanding Debt by Type – Last Ten Fiscal Years ..................................................................... 201 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years ...................................................... 202 Statement of Direct and Over Lapping Bonded Debt ................................................................................. 203 Legal Debt Margin Information – Last Ten Fiscal Years .......................................................................... 204

Pledged-Revenue Coverage – Last Ten Fiscal Years ................................................................................. 206 Demographic and Economic Statistics – Last Ten Fiscal Years ................................................................ 207 Principal Employers – Current Year and Nine Years Ago ......................................................................... 208 Full-Time-Equivalent City Government Employees by Function/Program – Last Ten Fiscal Years ....... 209 Operating Indicators by Function/Program – Last Ten Fiscal Years ......................................................... 210 Capital Asset Statistics by Function/Program – Last Ten Fiscal Years ..................................................... 212 v
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x
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xii
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xv
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Emeryville
California
For its Comprehensive Annual
Financial Report
For the Fiscal Year Ended
June 30, 2020
Executive Director/CEO
xvi

CITY OF EMERYVILLE
List of City Officials
(as of June 30, 2021)
City Council
Mayor .................................................................................................................... Dianne Martinez Vice-Mayor .............................................................................................................. Scott Donahue Councilmember .......................................................................................................... John Bauters Councilmember ............................................................................................................ Ally Median Councilmember ......................................................................................................... Christian Patz Appointed Officials and Department Heads
City Manager/Executive Director ........................................................................... Christine Daniel City Attorney/General Counsel (Interim) ........................................................ Andrea Visveshwara City Clerk ...................................................................................................................... Sheri Hartz Community Development Director .......................................................................... Charles Bryant Community Services Director ................................................................................ Pedro Jimenez Finance Director ......................................................................................................... Brad Farmer Fire Division Chief for Emeryville, Alameda County Fire Department......................... David Yoder Human Resources Director .......................................................................................... Trish Raver Police Chief ........................................................................................................... Jeffrey Jennings Public Works Director ................................................................................... Mary Grace Houlihan xvii
 CITY GOVERNMENT ORGANIZATION

Building
Division
City Attorney/General
Counsel
City Manager/
Executive Director
City Council*
Residents of Emeryville
Fire
(Almeda County
Fire Department)
Police
Department
City Clerk/Public
Information
Office
Human
Resources
Department
Community
Services
Department
Information
Technology
Community
Development
Department
Public Works
Department
Finance
Department
Planning
Division
Engineering
Division
Environmental
Services Division
Operations and
Maintenance
Division
Child Development
Center
Youth and Adult
Services Divisions
Economic
Development
and Housing
Division
*The Emeryville City Council also acts as the governing members of several other separate legal entities that together are responsible for the City’s administration, finance, and operations. The Community Development Commission of Emeryville oversees the City’s economic development efforts, the Management of Emeryville Services Authority acts as the employer of the City’s non-public safety staff, and the Public Financing Authority is responsible for issuing bonds to finance capital projects. xviii
xix
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INDEPENDENT AUDITOR’S REPORT
To the Honorable Members of the City Council
City of Emeryville, California
Report on Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Emeryville (City), California, as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the Table of Contents.

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

Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

In making those risk assessments, the auditor considers internal control relevant to the City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
1 Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2021, and the respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary comparisons listed in the Table of Contents as part of the basic financial statements for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Change in Accounting Principles
Management adopted the provisions of Governmental Accounting Standards Board Statement No. 84 – Fiduciary Activities, which became effective during the year ended June 30, 2021 and required the restatements of net position as discussed in Note 1E to the financial statements.

The emphasis of this matter does not constitute a modification to our opinions.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis and other required supplementary information as listed in the Table of Contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements.

We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The Introductory Section, Supplemental Information, and Statistical Section listed in the Table of Contents are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The Supplemental Information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.

Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the 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 Supplemental Information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. 2 The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 17, 2021, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Pleasant Hill, California
December 17, 2021
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The City of Emeryville
Management’s Discussion and Analysis
The Management’s Discussion and Analysis (MD&A) provides an overview of the City of Emeryville’s activities and financial performance for the fiscal year ended June 30, 2021. We encourage readers to consider the information presented here in conjunction with additional information we have furnished in our letter of transmittal, which can be found in an earlier section of this report.

FINANCIAL HIGHLIGHTS
The comparisons in the discussion and analysis below are between Fiscal Years 2020-21 and 2019-20. All increases and decreases are expressed relative to Fiscal Year 2019-20 results.

Highlights of Fiscal Year 2020-21 include the following:
 At the end of the current fiscal year, the unassigned General Fund Balance together with the Economic Uncertainty Fund Balance made up $33.4 million of the total $54.3 million General Fund Balance, or 72.7% of total General Fund budgeted expenditures of $46.2 million for Fiscal Year 2021-22. The economic uncertainty fund balance was $22.9 million, or 49.6% of total General Fund budgeted expenditures for Fiscal Year 2021-22.  The assets and deferred outflows of resources of the City of Emeryville exceeded its liabilities and deferred inflows of resources at June 30, 2021 by $263.8 million (net position), an increase of $10.9 million over the prior year’s net position of $252.9 million.  The governmental activities total net position at June 30, 2021, was $248.9 million, an increase of $10.3 million over the prior fiscal year’s net position of $238.6 million.

Business-type activities total net position increased by approximately $0.5 million to $14.8 million.
 Of the City’s $263.8 million in net position, $115.5 million represents net investment in capital assets, $56.4 million represents resources restricted for debt service payments, community development, public safety, public works, capital projects, small business incentives, community services, and pension payments, and the remaining $91.9 million represents the accumulated unrestricted surplus at the close of Fiscal Year 2020-21.

OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components:
1) Government-wide Financial Statements, 2) Fund Financial Statements, and 3) Notes to the Basic Financial Statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

For certain entities and funds, the City acts solely as a depository agent. For example, the City has several assessment districts for which the City provides fiduciary statements showing the cash balances and activities of these districts. These statements are presented as fiduciary funds in the accompanying financial statements and their balances are excluded from, the City’s financial statements.
5 Government-Wide Financial Statements
The Government-Wide Financial Statements are designed to provide readers with a broad overview of the City’s finances, in a manner like private-sector businesses.

The statement of net position presents all the City’s assets, deferred outflow of resources, deferred inflow of resources, and liabilities; with total assets plus deferred outflow of resources less deferred inflow of resources and less total liabilities reported as net position. Over time, increases and decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The statement of activities presents information on how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in actual cash flows in future fiscal periods such as revenues pertaining to uncollected taxes.

Both government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to cover all or a portion of their cost through user fees and charges (business-type activities). The governmental activities of the City include City Council, City Manager, City Clerk, City Attorney, Finance, Human Resources, Community Development (Planning & Building and Economic Development & Housing), non-departmental operations, Property-Based Improvement District, Police, Fire, Public Works, Community Services, Child Development, Youth and Adult Services, and Information Technology services. These services are supported by general City revenues such as taxes and by specific program revenues such as fees. The City’s only enterprise activity, the Sewer Fund, is reported under Business-type Activities.

The government-wide financial statements include not only the City itself (known as the primary government), but also a legally separate Community Development Commission, Management of Emeryville Services Authority, and a public financing authority for which the City is financially accountable.

Fund Financial Statements
Fund financial statements are designed to report groupings of related accounts, which are used to maintain control over resources that have been segregated for specific activities or objectives.

The City, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All the funds of the City can be divided into three categories:
governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds account for essentially the same functions as the government-wide activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources at the end of the fiscal year.

Such information may be useful in determining what financial resources are available in the near future to finance the City’s programs.
6 Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements.

By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City of Emeryville maintains forty-three (43) individual governmental funds, which are distinguished between major and non-major funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, three (3) special revenue funds and two (2) capital project funds. These six (6) funds are considered as major funds. Data from the other thirty-seven (37) governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in in the Combining and Individual Funds Statements and Schedules section of this report.

The City of Emeryville adopts a biennial budget for its General Fund. A budgetary comparison statement has been provided for the General Fund to demonstrate compliance with this budget.

The basic governmental fund financial statements can be found in the table of contents under the heading Basic Financial Statements.

Proprietary Funds are generally used to account for services for which the City charges customers – either outside customers, or internal units or departments of the City. Proprietary funds provide the same type of information as shown in the government-wide financial statements, only in more detail. Proprietary funds are used to present the same functions as business-type activities in the government-wide financial statements. The City uses proprietary funds to report the Sewer System and Internal Service funds, including the Management of Emeryville Services Authority (MESA).

MESA is a joint powers authority that was created in 1998 and employs all the City’s miscellaneous staff. The City pays MESA to provide cost-effective management, administrative, special and general personnel services to the City of Emeryville and/or CDCE, through a joint-powers agreement, which includes providing payroll services for employees of the City of Emeryville.

Fiduciary Funds are used to account for resources held by the City as a trustee or agent for individuals, other governmental units and/or other funds. The private-purpose trust fund was created to account for the dissolution of the former Emeryville Redevelopment Agency and represents the accounts of the Emeryville Successor Agency. Since the resources of these funds are not available to support the City’s own programs, they are not reflected in the governmentwide financial statements. The accounting used for fiduciary funds is much like that used for proprietary funds. The custodial funds account for the receipt of special assessments and the payment of principal, interest and bond administration costs on Assessment District Bonds. These funds are separate and unrelated to the City of Emeryville funds.

Notes to the Basic Financial Statements
The Notes to the Basic Financial Statements provide additional information that is essential to a full understanding of the data provided in the Government-wide and Fund financial statements. 7 Other Information
The combining statements referred to earlier in connection with non-major governmental funds, internal service funds, agency funds, and the private-purpose trust funds are presented immediately following the basic financial statements. Combining and individual fund statements and schedules can be found in the table of contents under combining and individual fund statements and schedules.

FINANCIAL ANALYSIS

GOVERNMENT-WIDE FINANCIAL STATEMENTS
Analysis of Net position: As noted earlier, net position may serve over time as a useful indicator of a government's financial position. At the close of Fiscal Year 2020-21, the City of Emeryville’s assets exceeded liabilities by $263.8 million, an increase of $10.9 million over the prior fiscal year net position of total of $252.9 million.

A significant portion of the City of Emeryville’s net position is $91.9 million in unrestricted net position. Net investment in capital assets totaled $115.5 million. Net position of $56.4 million is restricted for various programs including community development, public safety, public works, capital projects, debt service, small business incentive, community services and pension payments. The City of Emeryville uses these assets to provide services to citizens; consequently, these assets are not available for future spending.
8 The following is a condensed summary of the City of Emeryville’s net position for governmental and business type activities:
2021 2020 2021 2020 2021 2020
Cash and Investments 183.0 $ 175.1 $ 7.3 $ 6.6 $ 190.3 $ 181.7$ Other Assets 27.6 35.3 0.1 0.1 27.7 35.4
Capital Assets 110.2 96.7 7.6 7.8 117.8 104.5
Total Assets 320.8 307.1 15.0 14.5 335.8 321.6
Deferred Outflows of
Resources 14.1 14.2 0.1 0.1 14.2 17.3
Long-Term Debt 2.3 2.6 - - 2.3 2.6
Net Pension Liability 48.5 44.1 0.2 0.2 48.7 44.3
Net OPEB Liability 7.2 6.7 0.1 0.1 7.3 6.8
Other Liabilities 23.0 23.3 - - 23.0 23.3
Total Liabilities 81.0 76.7 0.3 0.3 81.3 77.0
Deferred Inflows of
Resources 4.9 6.0 - - 4.9 5.5
Net Position:

Net investment in
capital assets 107.9 94.1 7.6 7.8 115.5 101.9
Restricted 49.2 56.5 7.2 2.8 56.4 59.3
Unrestricted 91.9 88.0 3.7 91.9 91.7
Total Net Position $ 249.0 $ 238.6 $ 14.8 14.3$ $ 263.8 252.9$ Statement of Net Position
($ In millions)
Governmental Activities Business-Type Activities Total
9 Analysis of activities: At the end of Fiscal Year 2020-21, the City of Emeryville’s governmental net position increased by $10.3 million. Key elements of these changes are reflected in the following table.
2021 2020 2021 2020 2021 2020
Revenues
Charges for Services $ 13.7 $ 16.2 $ 1.3 $ 1.7 $ 15.0 17.9 $ Operating Contributions & Grants 5.2 3.5 - - 5.2 3.5
Capital Contributions & Grants 0.3 1.5 - - 0.3 1.5
Property Taxes 20.8 10.0 - - 20.8 10.0
Transient Occupancy Tax 2.3 6.0 - - 2.3 6.0
Sales Taxes 10.4 7.9 - - 10.4 7.9
Franchise Tax 2.0 2.0 - - 2.0 2.0
Business License Taxes 6.5 8.7 - - 6.5 8.7
Utility Users Tax 3.0 3.0 - - 3.0 3.0
Other Taxes and Fines - 7.5 - - - 7.5
Motor Vehicle In Lieu 1.0 1.0 - - 1.0 1.0
Use of Money and Property 2.5 5.1 - 0.1 2.5 5.2
Contribution from Successor
Agency - - - - - -
Transfers In 0.2 - - - 0.2 -
Miscellaneous 2.4 0.1 - - 2.4 0.1
Total Revenues 70.3 72.5 1.3 1.8 71.6 74.3
Expenses
City Council 0.2 0.2 - - 0.2 0.2
City Manager's Office 1.1 1.2 - - 1.1 1.2
City Attorney's Office 0.6 0.6 - - 0.6 0.6
Finance Dept 1.1 1.4 - - 1.1 1.4
Human Resources Dept 0.8 0.8 - - 0.8 0.8
Information Technology Dept 1.4 1.5 - - 1.4 1.5
General Government 3.2 3.8 - - 3.2 3.8
Police Department 16.4 16.1 - - 16.4 16.1
Fire Department 9.5 10.0 - - 9.5 10.0
Planning and Building 4.0 3.5 - - 4.0 3.5
Economic Development and Housing 2.1 3.5 - - 2.1 3.5
Property Based Improvement District 4.7 4.6 - - 4.7 4.6 Community Services Department 5.1 5.9 - - 5.1 5.9
Public Works Department 9.7 9.0 - - 9.7 9.0
Interest on long-term debt 0.1 0.1 - - 0.1 0.1
Transfers Out - 0.2 - 0.2
Sew er - - 0.6 0.5 0.6 0.5
Total Expenses 60.0 62.2 0.8 0.5 60.8 62.7
Increase(Decrease) in Net Position 10.3 10.3 0.5 1.3 10.8 11.6 Beginning Net Position 238.6 228.4 14.3 13.0 252.9 241.4 Restatement of Net Position - (0.1) - - - (0.1)
Beginning Net Position, restated 238.6 228.3 14.3 13.0 252.9 241.3 Ending Net Position $ 248.9 $ 238.6 $ 14.8 $ 14.3 $ 263.7 $ 252.9 Changes in Net Position
Net Position at June 30
($ in millions)
Governmental
Activities
Business Type
Activities Total
10 Governmental Activities – Revenues
Revenues from Governmental Activities totaled $70.3 million in Fiscal Year 2020-21, a decrease of $2.2 million over the prior fiscal year.

Program revenues, including charges for services, operating contributions and grants, and capital contributions and grants are generated from or restricted to each activity. Together, they totaled $19.2 million, a net decrease of $2.0 million from the prior fiscal year due to decreases in charges for services of $2.5 million, capital contributions and grants of $1.2 million and increases in operating contributions and grants of $1.7 million.

General revenues are composed of taxes and other revenues not specifically generated by or restricted to individual activities. Tax revenues, investment earnings and rents for governmental facilities are all components of general revenues. For Fiscal Year 2020-21, general revenues totaled $51.1 million, a decrease of $0.2 million when compared to the prior fiscal year’s total general revenues of $51.3 million. The decrease was primarily due to the following:
 Transient occupancy and business license tax revenue decreased by a total of $5.9 million due to the impact of the COVID-19 pandemic.
 Use of money and property revenue decreased by $2.6 million due primarily to reduced interest earnings and rental income.
 The above decreases were mostly offset by increases in property tax, sales tax and miscellaneous revenue.

The following Total Revenues chart includes only current year revenues and includes all governmental funds, not just the General Fund
Total Revenues, Governmental Activities – 2020-21
11 Governmental Activities – Expenses
Total governmental activities expenses were $60.0 million in Fiscal Year 2020-21, a decrease of $2.2 million from the prior fiscal year. Major variances by function include:
 Decrease in General Government expenses of $0.6 million primarily due to reduced costs associated with rental assistance, homeless and library services programs and reduced fund transfers.
 Decrease in Economic Development and Housing expenses of $1.4 million primarily due to reduced homeowner and developer loan activity.
 Decrease in Community Services Department expenses of $0.8 million primarily due to the COVID-19 pandemic.
 Increase in Public Works expenses of $0.7 million primarily due to increased operating and capital costs.

The Functional Expenses chart below includes only current year expenses for governmental activities and is not limited to only the General Fund.

Functional Expenses, Governmental Activities – 2020-21
Business-Type Activities (Sewer Fund) – Revenues
Revenues from business-type activities totaled $1.3 million, which was a decrease of $0.5 million from the prior fiscal year.

Business-Type Activities (Sewer Fund) – Expenses
Expenses from business-type activities were $0.8 million, which was an increase of $0.3 million from the prior fiscal year.
12 FUND FINANCIAL STATEMENTS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of resources that are available for spending. Such information is useful in assessing the City’s financial 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. Types of governmental funds reported by the City include the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds.

The table below summarizes City activity and balances at the fund level.

At June 30, 2021, the City’s Governmental Funds reported combined fund balances of $174.4 million, an increase of $0.8 million, or 0.5%, over the prior year. Governmental Fund revenues of $70.3 million decreased by $1.1 million, or 1.5% over the prior year.

Governmental Fund expenditures increased by $5.0 million in Fiscal Year 2020-21 to $70.2 million, primarily due to the following:
 Capital Outlay expenses increased by $6.9 million over the prior fiscal year primarily due to construction costs for the South Bayfront Pedestrian Bridge Project.  Non-Departmental expenses decreased by $0.6 million due to reduced costs associated with rental assistance, homeless and library services programs and reduced fund transfers.
 Economic Development and Housing expenses decreased by $1.3 million due to a reduction in expenditures for developer loans.

General Fund - The General Fund is the City’s main operating fund. At June 30, 2021, the unassigned fund balance in combination with the economic uncertainty fund totaled $33.4 million while the total fund balance was $54.3 million. As a measure of the General Fund’s liquidity, it may be useful to compare both unassigned and economic uncertainty fund balance and total fund balance to total General Fund expenditures. Combined unassigned and economic uncertainty fund balances represent 72.7% of General Fund budgeted expenditures of $46.2 million for Fiscal Year 2021-22. The economic uncertainty fund balance was $22.9 million or 49.6% of total General Fund budgeted expenditures for fiscal year 2021-22. This was slightly below the City’s

50.0% reserve target.
2021 2020
Increase
(Decrease)
Total Assets $ 193.8 $ 193.0 $ 0.8
Total Liabilities 17.7 17.5 0.2
Total Deferred Inflow s of Resources 1.7 1.9 (0.2)
Total Fund Balances 174.4 173.6 0.8
Total Revenues 70.3 71.4 (1.1)
Total Expenditures 70.2 65.2 5.0
Total Other Financing Sources (uses) 0.7 (0.3) 1.0
Financial Highlights
at Fiscal Year Ended June 30
($ in millions)
Governmental Fund Level
13 General Fund revenues totaled $40.6 million, a decrease of $4.6 million compared to the prior fiscal year’s total revenues of $45.2 million. This was primarily due to a $6.0 million decrease tax revenue resulting from the impact of the COVID-19 pandemic and a $0.7 million decrease in investment income which was partially offset by an increase of $2.4 million in revenue from licenses and permits.

General Fund expenditures totaled $39.2 million, a decrease of $0.4 million compared to the prior fiscal year’s total expenditures of $39.6 million. Increases in Fire expenditures ($0.5 million), Planning and Building expenditures ($0.5 million) and Public Works expenditures ($0.3 million) were more than offset by expenditure reductions in Finance (0.2 million), General Government ($0.5 million), Police ($0.2 million) and Youth/Adult Services ($0.7 million).

Housing Assets Fund – This fund accounts for the housing assets of the City of Emeryville as Successor Agency to the former Emeryville Redevelopment Agency. Total revenues were $0.9 million and total expenditures were $0.6 million in Fiscal Year 2020-21.

Property Based Improvement District – This fund accounts for commercial and residential property assessments and General Fund contributions collected to fund the Emery Go-Round, the City’s shuttle service. Total revenues, including operating transfers in, were $4.7 million and total expenditures were $4.7 million in Fiscal Year 2020-21.

General Capital Improvements Fund – This fund accounts for capital projects and improvements typically funded with general revenues. Total revenues were $11.8 million and total expenditures, including operating transfers out, were $7.2 million in Fiscal Year 2020-21.

RDA Bond Fund – This fund accounts for capital funds of the former redevelopment agency that have been approved for transfer to the City. Total revenues were $0.1 million and total expenditures were $5.3 million in Fiscal Year 2020-21.

Enterprise Fund
The City operates the Sewer Enterprise Fund, its only Business-Type Activity. The Sewer Fund uses a separate agency to provide treatment of wastewater. Expenses are paid from customer service charges. In Fiscal Year 2020-21, total net position of $14.8 million increased by $0.5 million compared to the prior year. Sewer Enterprise revenues may vary from year to year depending on the level of new development which affects connection fee revenue. Revenues for the Sewer Fund decreased by $0.5 million in Fiscal Year 2020-21, while expenditures increased by $0.2 million.

GENERAL FUND BUDGETARY HIGHLIGHTS
Revisions to the Fiscal Year 2020-21 General Fund original adopted budget resulted in a decrease in budgeted revenues and transfers in of $6.0 million, and a decrease in appropriations and transfers out of $3.0 million. The decrease in budgeted revenues and expenditures was primarily the result of the projected negative fiscal impact of the COVID-19 pandemic.

General Fund revenues for Fiscal Year 2020-21 exceeded the budgeted amount by $2.3 million primarily due to higher than anticipated revenue from taxes ($3.1 million), licenses and permits ($2.5 million) and investment income ($1.2 million) which was partially offset by reduced transfersin ($5 million) from the General Capital Fund. Expenditures were $2.0 million below budget due to operating savings in most General Fund departments.
14 CAPITAL ASSETS
The City reports all of its capital assets including infrastructure on its statement of net assets.

Infrastructure includes roads, bridges, signals and similar assets used by the entire population.

The table below shows capital assets and the amount of accumulated depreciation for these assets as of June 30, 2021 for Governmental and Business-Type Activities (further detail may be found in Note 6 to the financial statements).

Governmental Activities capital assets net of depreciation increased by $13.5 million compared to Fiscal Year 2019-20. A major project under construction at the end of Fiscal Year 2020-21 was the South Bayfront Bridge and Horton Landing Park project. Business-Type Activities capital assets decreased by $0.2 million due to depreciation.

The City depreciates all its capital assets over their estimated useful lives. The purpose of depreciation is to spread the cost of a capital asset over its useful life so that an allocable portion of the cost of the asset is borne by all users. Additional information on capital assets and depreciable lives may be found in Note 1 and Note 6 to the financial statements.

2021 2020
Governmental Activities
Capital Asset
Land and Construction in Progress 61.7 $ 45.1$
Park Improvements and other Improvements 23.9 23.9
Buildings and Improvements 48.6 48.6
Furnishings, Vehicles and Equipment 7.7 7.4
Marina Improvements 8.7 8.7
Grading, Curb & Gutter, Sidewalks & Driveways 38.3 38.3 Less Accumulated Depreciation (78.7) (75.3)
Total Governmental $ 96.7 110.2 $
Business-Type Activities (Sewer)
Construction in progress - $ -$
Buildings and Improvements 0.5 0.5
Automobile and Equipment - -
Sewer Improvements 9.9 9.9
Less Accumulated Depreciation (2.8) (2.6)
Total Business-Type $ 7.8$ 7.6
Capital Assets
at Fiscal Year Ended June 30
($ in millions)
15 DEBT ADMINISTRATION
Each of the City’s debt issues is discussed in detail in Note 7 to the financial statements, the Net Pension Liability is discussed in detail in Note 9 to the financial statements, and the Net OPEB Liability is discussed in detail in Note 11 to the financial statements. At June 30, 2021, the City’s outstanding debt was as follows:

The former redevelopment agency long-term debt was transferred to the Emeryville Successor Agency private-purpose trust fund as of February 1, 2012. All interest and principal payments due on these bonds are paid by the redevelopment property tax trust fund monies in accordance with the bond covenants and the former redevelopment dissolution laws AB1X 26, AB 1484 and SB 107. See Note 14 of the financial statements for further details.

ECONOMIC OUTLOOK
The City of Emeryville, along with the rest of the nation, is slowly beginning to recover from the negative economic impacts of the lengthy COVID-19 pandemic. The City’s primary revenue streams (sales tax, hotel tax, business license tax and cardroom tax), were all negatively affected by the pandemic and will take time to recover. The pandemic brought about transformational changes in our ways of living and working. The long-term economic impacts of these changes are unknown. Additional details on the economy of the City are discussed in the accompanying Transmittal Letter.

CONTACTING THE CITY’S FINANCIAL MANAGEMENT
The Comprehensive Annual Financial Report is intended to provide citizens, taxpayers, investors, and creditors with a general overview of the City’s finances. Questions about this report should be directed to the Finance Department, at 1333 Park Avenue, Emeryville, California. This report and other financial reports can be viewed on the City of Emeryville website at www.emeryville.org. 2021 2020
Government Wide Debt:

Public Financing Authority Lease Revenue Bonds
2013 Series A 2.3 $ 2.6$
Compensated Absences 3.1 3.0
Claims and Judgments 3.4 3.6
Net Pension Liability 48.7 44.3
Net OPEB Liability 7.3 6.7
Total City Obligations 60.2 64.8
Long-Term Debt
($ in millions)
at Fiscal Year Ended June 30
16 CITY OF EMERYVILLE

STATEMENT OF NET POSITION AND

STATEMENT OF ACTIVITIES
The Statement of Net Position and the Statement of Activities are required by Governmental Accounting Standards Board Statement No. 34 – Basic Financial Statements. Their purpose is to summarize the financial activities and financial position of the City and its component units including the Emeryville Public Financing Authority and Management of Emeryville Services Authority. The term “City” as used in these statements refers collectively to the City and its component units.

The statements are prepared on the same basis as is used by most businesses, which means they include all the City’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 the entire City’s transactions is taken into account, regardless of whether or when cash changes hands, but all material internal transactions between City funds have been eliminated.

The Statement of Net Position reports the difference between the City’s total assets, deferred outflows of resources, total liabilities, and deferred inflows of resources including all the City’s capital assets and all its long-term debt. The Statement of Net Position presents similar information to the old balance sheet format, but presents it in a way that focuses the reader on the composition of the City’s net position, by subtracting total liabilities from total assets.

The Statement of Net Position summarizes the financial position of the entire City’s Governmental Activities in a single column, and the financial position of the entire City’s Business-Type Activities in a single column; these are followed by a total column, which presents the financial position of the entire City.

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

The Statement of Activities reports increases and decreases in the City’s net position. It is also prepared on the full accrual basis, which means it includes all the City’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 City’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 City’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. 17 This Page Intentionally Left Blank

CITY OF EMERYVILLE

STATEMENT OF NET POSITION
JUNE 30, 2021
Governmental Business-Type
Activities Activities Total
ASSETS:

Cash, cash equivalents, and investments (Note 3) 170,803,614 $ 7,327,522 $ 178,131,136 $ Cash, cash equivalents, and investments with fiscal agents (Note 3) 12,237,291 - 12,237,291 Receivables:

Accounts 1,065,542 110,713 1,176,255
Taxes 6,634,954 - 6,634,954
Due from other governments 1,804,502 - 1,804,502
Accrued interest 58,341 2,508 60,849
Prepaid costs 50,435 - 50,435
Land held for resale (Note 1D) 17,943,395 - 17,943,395
Capital assets (Note 6):

Capital assets not being depreciated 61,674,695 5,130 61,679,825 Depreciable capital assets, net 48,533,173 7,621,665 56,154,838 Total Assets 320,805,942 15,067,538 335,873,480

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 9) 12,406,282 57,606 12,463,888 Related to OPEB (Note 11) 1,713,409 14,501 1,727,910
Total Deferred Outflows of Resources 14,119,691 72,107 14,191,798 LIABILITIES:

Accounts payable 10,676,496 23,585 10,700,081
Accrued liabilities 398,981 - 398,981
Accrued interest 12,721 - 12,721
Unearned revenue 4,200,847 - 4,200,847
Deposits payable 1,236,929 - 1,236,929
Claims and judgements (Note 12):

Due within one year 741,370 - 741,370
Due in more than one year 2,655,361 - 2,655,361
Compensated absences (Note 7):

Due within one year 1,656,904 - 1,656,904
Due in more than one year 1,423,703 - 1,423,703
Long-term debt (Note 7):

Bonds due within one year 299,200 - 299,200
Bonds due in more than one year 1,993,400 - 1,993,400
Net pension liabilities, due in more than one year (Note 9) 48,516,052 225,526 48,741,578 Net OPEB liability, due in more than one year (Note 11) 7,222,036 56,003 7,278,039 Total Liabilities 81,034,000 305,114 81,339,114
DEFERRED INFLOWS OF RESOURCES:

Related to pensions (Note 9) 4,724,649 24,785 4,749,434 Related to OPEB (Note 11) 215,428 3,050 218,478
Total Deferred Inflows of Resources 4,940,077 27,835 4,967,912 NET POSITION (Note 1):

Net investments in capital assets 107,889,826 7,626,795 115,516,621 Restricted for:

Community development projects 31,736,673 - 31,736,673
Public safety 1,039,835 - 1,039,835
Public works 1,719,175 - 1,719,175
Capital projects 14,152,471 7,179,901 21,332,372
Debt service 3,051 - 3,051
Small business incentive 103,221 - 103,221
Community services 154,251 - 154,251
Environmental programs 92,027 - 92,027
Pensions 199,653 - 199,653
Total Restricted Net Position 49,200,357 7,179,901 56,380,258 Unrestricted 91,861,373 - 91,861,373
Total Net Position $ 248,951,556 $ 14,806,696 $ 263,758,252 See accompanying notes to basic financial statements
19 Program Revenues
Operating Capital
Charges for Contributions Contributions
Functions/Programs Expenses Services and Grants and Grants Primary Government

GOVERNMENTAL ACTIVITIES
City council 209,478 $ 5,800 $ - $ $ -
City manager 1,115,048 - - -
City attorney 648,922 - - -
Finance 1,114,110 46,728 - -
Human resources 771,678 - - -
Information technology 1,386,556 - - -
General government-non-departmental
operations 3,200,319 1,479,176 515,839 -
Police 16,437,792 508,247 210,642 -
Fire 9,508,535 1,153,980 486 -
Planning and building 4,021,359 4,391,030 60,097 -
Economic development and housing 2,122,080 109 714,902 - Redevelopment - 45,836 564,535 -
Property based improvement district 4,687,374 4,013,995 - - Community services 600,318 62,910 - -
Child development 2,552,161 959,502 163,755 -
Youth services 1,237,409 227,334 15,524 -
Adult services 683,041 6,426 11,264 -
Public works 9,638,507 820,728 2,962,046 $354,207
Interest on long-term debt 78,455 - - -
Total Governmental Activities 60,013,142 13,721,801 5,219,090 354,207 BUSINESS-TYPE ACTIVITIES:

Sewer 632,196 1,270,560 - -
Total Business-type Activities 632,196 1,270,560 - -
Total Primary Government $ 60,645,338 $ 14,992,361 $ 5,219,090 $ 354,207 GENERAL REVENUES:

Taxes:

Property taxes, levied for general purposes
Transient occupancy taxes
Sales taxes
Franchise taxes
Business licenses taxes
Utility user taxes
Motor vehicle in-lieu - unrestricted
Use of money and property
Miscellaneous
TRANSFERS (Note 4)
Total General Revenues And Transfers

CHANGE IN NET POSITION

BEGINNING NET POSITION

ENDING NET POSITION
See accompanying notes to basic financial statements

CITY OF EMERYVILLE

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2021
20 Net (Expense) Revenue and
Changes in Net Position
Governmental Business-type
Activities Activities Total
$ (203,678) $ - (203,678) $
(1,115,048) - (1,115,048)
(648,922) - (648,922)
(1,067,382) - (1,067,382)
(771,678) - (771,678)
(1,386,556) - (1,386,556)
(1,205,304) - (1,205,304)
(15,718,903) - (15,718,903)
(8,354,069) - (8,354,069)
429,768 - 429,768
(1,407,069) - (1,407,069)
610,371 - 610,371
(673,379) - (673,379)
(537,408) - (537,408)
(1,428,904) - (1,428,904)
(994,551) - (994,551)
(665,351) - (665,351)
(5,501,526) - (5,501,526)
(78,455) - (78,455)
(40,718,044) - (40,718,044)
- 638,364 638,364
- 638,364 638,364
(40,718,044) 638,364 (40,079,680)
20,780,101 - 20,780,101
2,278,249 - 2,278,249
10,371,518 - 10,371,518
1,983,038 - 1,983,038
6,524,869 - 6,524,869
3,030,308 - 3,030,308
1,029,008 - 1,029,008
2,454,252 37,753 2,492,005
2,395,529 - 2,395,529
185,800 (185,800) -
51,032,672 (148,047) 50,884,625
10,314,628 490,317 10,804,945
238,636,928 14,316,379 252,953,307
$ 248,951,556 $ 14,806,696 $ 263,758,252
21 This Page Intentionally Left Blank

CITY OF EMERYVILLE

FUND FINANCIAL STATEMENTS
The Fund Financial Statements are formatted so that only individual major funds are presented, while nonmajor funds are combined in a single column. Major funds are defined generally as having significant activities or balances in the current year. No distinction is made between fund types and the practice of combining like funds.

The funds described below were determined to be major funds by the City for fiscal year 2020-21.

Individual nonmajor funds may be found in the supplemental section.

The General Fund is the general operating fund of the City and accounts for all financial resources except those required to be accounted for in another fund. The major revenues to the General Fund are taxes (property, sales, business licenses, utility users and transient occupancy), which comprise the majority of the fund’s annual revenue stream. The major expenditure of the General Fund is Public Safety (police and fire), which accounts for the majority of the fund’s annual expenditure stream.

The Other Grants Fund accounts for funds from third-party grants and other sources and is used to segregate costs to be reimbursed by grants. This fund was initiated in 1998.

The Housing Assets Fund accounts for the assets transferred from the Low and Moderate Income Housing Fund (LMIHF) to the City as Housing Successor. The Fund includes loans and notes receivable, rents, and payments on these receivables after February 1, 2012, and amounts due to the LMIHF, including the SERAF loans. All monies in the Housing Assets Fund must be used in accordance with the applicable housing-related provisions of the Community Redevelopment Law.

The Property Based Improvement District Fund accounts for commercial and residential property assessments and General Fund contributions collected to fund the Emery Go-Round, the City’s shuttle service.

The General Capital Improvement Fund accounts for general capital projects. The Fund includes expenditures related to improvements to buildings, equipment, infrastructure, and other systems, such as storm drains, sidewalks, etc. The main source of funding for these costs comes from general revenues transferred from the General Fund. Beginning in fiscal year 2012-13, this Fund also receives a portion of the residual property taxes distributed to the City as a result of the dissolution of redevelopment, which occurred February 1, 2012.

The RDA Bond Fund accounts for capital funds of the former redevelopment agency that have been approved for transfer to the City.
23 Property Based
Housing Improvement
General Other Grants Assets District
ASSETS:

Cash, cash equivalents, and investments (Note 3) 45,164,086 $ 3,209,730 $ 5,704,414 $ 2,951,714 $ Cash, cash equivalents, and investments with fiscal agents (Note 3) 12,237,291 - - - Receivables:

Accounts 656,117 - 827 208,337
Taxes 3,420,822 - - 2,734
Due from other governments 265,644 1,504,847 - -
Accrued interest 20,831 1,117 1,973 608
Prepaid costs 48,546 - - -
Due from other funds (Note 4B) 1,252,203 - - -
Land held for resale (Note 1D) - - 17,943,395 -
Total Assets 63,065,540 $ 4,715,694 $ 23,650,609 $ 3,163,393 $ LIABILITIES:

Accounts payable 3,816,516 $ 162,765 $ 593,597 $ 2,319,690 $ Accrued liabilities 341,078 - - -
Unearned revenue 3,844,151 94,325 - 208,337
Deposits payable 468,084 - - -
Due to other funds (Note 4B) - 1,252,203 - -
Total Liabilities 8,469,829 1,509,293 593,597 2,528,027 DEFERRED INFLOWS OF RESOURCES:

Unavailable revenue 295,717 1,371,838 - -
Total Deferred Inflows of Resources 295,717 1,371,838 - - FUND BALANCES (Note 1):

Nonspendable
Prepaid costs 48,546 - - -
Restricted for:

Community development projects 19,670 - 23,057,012 -
Public safety - - - -
Public works - - - -
Capital projects - 1,834,563 - -
Debt service - - - -
Small business incentive 100,000 - - -
Community services - - - -
Environmental programs - - - -
Pensions 199,653 - - -
Committed to:

Community development projects - - - -
Capital projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Economic uncertainty 22,929,230 - - -
PERS liability 14,601,001 - - -
Economic development 2,387,238 - - -
Community programs 419,148 - - 635,366
Assigned to:

Capital projects - - - -
Community services - - - -
Disasters 3,135,503 - - -
Unassigned 10,460,005 - - -
Total Fund Balances 54,299,994 1,834,563 23,057,012 635,366 Total Liabilities, Deferred Inflows of Resources
and Fund Balances $ 63,065,540 $ 4,715,694 $ 23,650,609 $ 3,163,393 See accompanying notes to basic financial statements
Special Revenue Funds

CITY OF EMERYVILLE

GOVERNMENTAL FUNDS

BALANCE SHEET
JUNE 30, 2021
24 General Nonmajor Total
Capital Governmental Governmental
Improvements RDA Bond Funds Funds
$ 46,116,049 $ 5,685,677 $ 152,737,383 43,905,713 $
- - - 12,237,291
- - 192,004 1,057,285
- 2,492,742 718,656 6,634,954
- - 34,011 1,804,502
14,395 2,121 11,041 52,086
- - - 48,546
- - - 1,252,203
- - 17,943,395 -
$ 48,623,186 $ 5,687,798 $ 44,861,425 $ 193,767,645
$ 877,237 $ 2,014,839 $ 818,797 $ 10,603,441
33,133 - 24,770 398,981
- - 54,034 4,200,847
- - 768,845 1,236,929
- - - 1,252,203
910,370 2,014,839 1,666,446 17,692,401
- - - 1,667,555
- - - 1,667,555
- - - 48,546
- - 8,659,991 31,736,673
- - 1,039,835 1,039,835
- - 1,719,175 1,719,175
- 3,672,959 8,644,949 14,152,471
- - 3,051 3,051
- - 3,221 103,221
- - 154,251 154,251
- - 92,027 92,027
- - - 199,653
- - 6,353,416 6,353,416
47,712,816 - 47,712,816 -
- - 5,218,032 5,218,032
- - 3,698,617 3,698,617
- - 1,991,435 1,991,435
- - 22,929,230 -
- - 14,601,001 -
- - - 2,387,238
- - - 1,054,514
- - 5,212,993 5,212,993
- - 403,986 403,986
- - - 3,135,503
- - 10,460,005 -
47,712,816 3,672,959 43,194,979 174,407,689
$ 48,623,186 $ 5,687,798 $ 44,861,425 $ 193,767,645
Capital Projects Funds
25 This Page Intentionally Left Blank
Total Fund Balances - Governmental Funds $ 174,407,689
Amounts reported for Governmental Activities in the Statement of Net Position are different from those reported in the Governmental Funds above because of the following:

Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not reported in the Governmental Funds. 110,207,868
Pension contributions made subsequent to the measurement date of the net pension liability are deferred and recognized in the subsequent period. These include:

Miscellaneous pension plan $ 1,277,059
Safety pension plan 3,508,756 4,785,815
Other post-employment benefit (OPEB) contributions made subsequent to the measurement date of the net OPEB liability are deferred and recognized in the subsequent period. Adjustments that increase net OPEB liability are recorded as deferred outflows of resources and are amortized over their remaining service life. 1,713,409 Adjustments that increase net pension liability are recorded as deferred outflows of resources and are amortized over their remaining service life. These include:

Miscellaneous pension plan 2,681,248
Safety pension plan 4,574,877
Emeryville Police Officers' Association retirement enhancement plan 364,342 7,620,467 Accrued interest on long-term debt does not require current financial resources. Therefore, accrued interest is not reported as a liability in the governmental funds balance sheet. (12,721) Long-term liabilities are not due and payable in the current period and therefore, are not reported in the governmental funds balance sheet. These include:

Lease Revenue Bonds (2,292,600)
Governmental funds report all pension contributions as expenditures, however, in the statement of net position, the excess of the plan proportionate share of the total pension liability over the proportionate share of the plan fiduciary net position is reported as a net pension liability. These include:

Miscellaneous pension plan (15,116,387)
Safety pension plan (33,118,423)
Emeryville Police Officers' Association retirement enhancement plan (281,242) (48,516,052) Adjustments that reduce net pension liability are recorded as deferred inflows of resources and are amortized over their remaining service life. These include:

Miscellaneous pension plan (1,661,278)
Safety pension plan (2,598,794)
Emeryville Police Officers' Association retirement enhancement plan (464,577) (4,724,649) Governmental funds report all OPEB contributions as expenditures, however, in the statement of net position, the excess of the plan proportionate share of the total OPEB liability over the proportionate share of the plan fiduciary net position is reported as a net OPEB liability. (7,222,036) Adjustments that reduce net OPEB liability are recorded as deferred inflows of resources and are amortized over their remaining service life. (215,428)
The Statement of Net Position reports receivables at their net realizable value. However, receivables not available to pay for current period expenditures are deferred and reported as unavailable revenues in the 1,667,555 Internal service funds are not governmental funds. However, they are used by management to charge the costs of certain activities, such as insurance and accrued benefits, to individual governmental funds. The assets and liabilities of the Internal Service Funds are therefore included in Governmental Activities in the following line items in the Statement of Net Position. 11,532,239 NET POSITION OF GOVERNMENTAL ACTIVITIES $ 248,951,556
See accompanying notes to basic financial statements

GOVERNMENTAL FUNDS

CITY OF EMERYVILLE
JUNE 30, 2021

ALLOCATION OF INTERNAL SERVICE FUND NET POSITION

FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES

BALANCE SHEET - RECONCILIATION OF GOVERNMENTAL
27 Property
Based
Housing Improvement
General Other Grants Assets District
REVENUES:

Taxes 29,228,754 $ - $ $ 4,102,550 - $
Licenses and permits 6,303,737 - - -
Intergovernmental 1,823,607 2,128,367 - -
Charges for services 456,040 - 44,163 -
Investment income 1,181,450 17,917 273,097 6,658
Rental income 317,441 - - -
Contributions 331,814 - - -
Miscellaneous 921,617 - 547,297 -
Total Revenues 40,564,460 2,146,284 864,557 4,109,208
EXPENDITURES:

Current:

City council 185,331 - - 17,600
City manager 999,183 - - -
City attorney 491,405 - - -
Finance 982,305 - - -
Human resources 681,387 - - -
Information technology 776,702 - - -
General government-non-departmental operations 2,209,252 - - - Police 13,705,489 50,180 - -
Fire 9,210,493 - - -
Planning and building 3,166,549 - - -
Economic development and housing 768,888 4,000 605,709 - Property based improvement district - - - 4,687,374
Community services 525,229 - - -
Child development - - - -
Youth services 1,148,805 - - -
Adult services 498,505 50,000 - -
Public works 3,816,143 - - -
Capital outlay 2,078 2,182,160 - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 39,167,744 2,286,340 605,709 4,704,974

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES 1,396,716 (140,056) 258,848 (595,766)
OTHER FINANCING SOURCES (USES):

Transfers in (Note 4A) 2,331,958 164 - 556,327
Transfers (out) (Note 4A) (2,425,896) - - -
Total Other Financing Sources (Uses) (93,938) 164 - 556,327 CHANGE IN FUND BALANCES 1,302,778 (139,892) 258,848 (39,439) BEGINNING FUND BALANCES 52,997,216 1,974,455 22,798,164 674,805 ENDING FUND BALANCES $ 54,299,994 $ 1,834,563 $ 23,057,012 $ 635,366 See accompanying notes to basic financial statements
Special Revenue Funds

CITY OF EMERYVILLE

GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2021
28 General Nonmajor Total
Capital Governmental Governmental
Improvements RDA Bond Funds Funds
$ 11,551,689 $ - $ 4,304,828 $ 49,187,821
- - 1,158,559 7,462,296
- - 1,272,449 5,224,423
- - 804,649 1,304,852
228,100 47,687 213,778 1,968,687
- - 371,878 689,319
- - - 331,814
- - 2,617,401 4,086,315
11,779,789 47,687 10,743,542 70,255,527
- - - 202,931
- - - 999,183
- - - 491,405
- - - 982,305
- - - 681,387
- - 465,702 1,242,404
305,333 - 515,344 3,029,929
- - 270,687 14,026,356
- - 200,403 9,410,896
- - 627,628 3,794,177
- - 676,583 2,055,180
- - - 4,687,374
- - 75,123 600,352
- - 2,273,418 2,273,418
- - - 1,148,805
- - - 548,505
466,269 - 471,998 4,754,410
6,112,135 5,255,983 5,332,425 18,884,781
- - 290,900 290,900
- - 78,455 78,455
6,883,737 5,255,983 11,278,666 70,183,153
4,896,052 (5,208,296) (535,124) 72,374
- - 2,159,405 5,047,854
(345,158) - (1,591,000) (4,362,054)
(345,158) - 568,405 685,800
4,550,894 (5,208,296) 33,281 758,174
43,161,922 8,881,255 43,161,698 173,649,515
$ 47,712,816 $ 3,672,959 $ 43,194,979 $ 174,407,689
Capital Projects Funds
29 CITY OF EMERYVILLE

RECONCILIATION OF THE

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS

WITH THE

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2021
The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the Statement of Activities, which is prepared on the full accrual basis.

Net Change in Fund Balances - Total Governmental Funds $ 758,174 Amounts reported for governmental activities in the Statement of Activities are different because of the following:

CAPITAL ASSETS TRANSACTIONS
Governmental Funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is capitalized and allocated over their estimated useful lives and reported as depreciation expense.

Capital outlay expenditures are therefore added back to fund balance 18,884,781 Non-capitalized capital outlay expenditures are reclassified to various governmental activities (1,335,834) Loss on retirements of capital assets are deducted from fund balance (675,902) Depreciation expense is deducted from fund balance (3,365,015)

LONG-TERM DEBT PAYMENTS
Repayment of principal is an expenditure in governmental funds, but in the Statement of Net Position the repayment reduces long-term liabilities.

Repayment of debt principal is added back to fund balance 290,900

ACCRUAL OF NON-CURRENT ITEMS
The amounts below included in the Statement of Activities do not provide or (require) the use of current financial resources and therefore are not reported as revenue or expenditures in governmental funds (net change):

Unavailable revenue (214,006)
Net pension liabilities and pension-related deferred outflows/inflows of resources (3,306,496) Net OPEB liability and OPEB related defined outflows/inflows or resources (707,732)

ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY
Internal Service Funds are used by management to charge the costs of certain activities, such as insurance and accrued benefits to individual funds. The portion of the net revenue (expense) of these Internal Service Funds arising out of their transactions with governmental funds is reported with governmental activities, because they service those activities.

Change in Net Position - All Internal Service Funds (14,242) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES $ 10,314,628 See accompanying notes to basic financial statements
30 CITY OF EMERYVILLE

PROPRIETARY FUNDS STATEMENTS
Proprietary Funds account for City operations financed and operated in a manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges.

The concept of major funds established by GASB Statement No. 34 extends to Proprietary Funds. The City has only one enterprise fund, the Sewer Fund, which is described below:

GASB Statement No. 34 does not provide for the disclosure of budget vs. actual comparisons regarding proprietary funds that are major funds.

The Sewer Fund accounts for the operation and maintenance of the City sewer system. The fund is supported by Sewer Service Charges billed through water usage bills and connection fees.

The Internal Service Funds account for the financing of goods and services provided by one department or agency to other departments or agencies on a cost-sharing basis. 31 CITY OF EMERYVILLE

PROPRIETARY FUNDS

STATEMENT OF NET POSITION
JUNE 30, 2021
Business-type
Activities -
Proprietary
Funds Governmental
Activities -
Internal Service
Sewer Funds
ASSETS:

Current Assets:

Cash and investments (Note 3) $ 18,066,231 7,327,522 $
Receivables:

Accounts 110,713 8,257
Accrued interest 2,508 6,255
Prepaid costs - 1,889
Total Current Assets 7,440,743 18,082,632
Noncurrent Assets:

Capital assets (Note 6):

Nondepreciable capital assets 5,130 -
Depreciable capital assets, net 7,621,665 -
Total Noncurrent Assets 7,626,795 -
Total Assets 15,067,538 18,082,632

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 9) 57,606 -
Related to OPEB (Note 11) 14,501 -
Total Deferred Outflows of Resources 72,107 -
LIABILITIES:

Current Liabilities:

Accounts payable 23,585 73,055
Compensated absences (Note 7) - 1,656,904
Claims and judgements (Note 12) - 741,370
Total Current Liabilities 23,585 2,471,329
Noncurrent Liabilities:

Compensated absences (Note 7) - 1,423,703
Claims and judgements (Note 12) - 2,655,361
Net pension liabilities, due in more than one year (Note 9) 225,526 - Net OPEB liabilities (Note 11) 56,003 -
Total Noncurrent Liabilities 281,529 4,079,064
Total Liabilities 305,114 6,550,393
DEFERRED INFLOWS OF RESOURCES:

Related to pensions (Note 9) 24,785 -
Related to OPEB (Note 11) 3,050 -
Total deferred inflows of resources 27,835 -
NET POSITION (Note 1):

Net investments in capital assets 7,626,795 -
Restricted for capital projects 7,179,901 -
Unrestricted - 11,532,239
Total Net Position $ 14,806,696 $ 11,532,239
See accompanying notes to basic financial statements
32 CITY OF EMERYVILLE

PROPRIETARY FUNDS

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR THE YEAR ENDED JUNE 30, 2021
Business-type
Activities -
Proprietary
Funds Governmental
ActivitiesInternal Service
Sewer Funds
OPERATING REVENUES:

Charges for services $ 15,929,359 1,270,560 $
Intergovernmental - 122,336
Total Operating Revenues 1,270,560 16,051,695
OPERATING EXPENSES:

Administrative and general 356,472 14,833,335
Cost of sales and services 84,664 -
Claims expense - 833,051
Depreciation (Note 6) 191,060 -
Total Operating Expenses 632,196 15,666,386
Operating Income 638,364 385,309
NONOPERATING REVENUES:

Investment income 37,753 100,449
Net Nonoperating Revenues 37,753 100,449
Income Before Transfers 676,117 485,758

TRANSFERS
Transfers (out) (Note 4A) (185,800) (500,000)
Net Transfers (185,800) (500,000)
CHANGE IN NET POSITION 490,317 (14,242)
BEGINNING NET POSITION 14,316,379 11,546,481
ENDING NET POSITION $ 14,806,696 $ 11,532,239
See accompanying notes to basic financial statements
33 CITY OF EMERYVILLE

PROPRIETARY FUNDS

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2021
Business-type
Activities -
Proprietary Funds
Governmental
ActivitiesInternal Service
Sewer Funds
CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from customers and users 1,252,302 $ 16,038,589 $ Payments to suppliers and providers (67,272) (665,955)
Payments for claims - (1,000,122)
Payments to employees for salaries and benefits (287,721) (14,243,136) Net Cash Flows From Operating Activities 897,309 129,376

CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES:

Transfers (out) (185,800) (500,000)
Net Cash Flows From Noncapital and
Related Financing Activities (185,800) (500,000)
CASH FLOWS FROM INVESTING ACTIVITIES:

Investment on cash and investments 44,767 157,836
Net Cash Flows From Investing Activities 44,767 157,836 NET CASH FLOWS 756,276 (212,788)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 6,571,246 18,279,019 CASH AND EQUIVALENTS AT END OF PERIOD $ 18,066,231 7,327,522 $

RECONCILIATION OF OPERATING INCOME TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:

Operating income 638,364 $ 385,309 $
Adjustments to reconcile operating income to net cash
provided by operating activities:

Depreciation 191,060 -
Change in assets and liabilities:
(Increase) in accounts receivable (18,258) (18,384)
(Increase) in prepaid costs - (23)
Increase (decrease) in accounts payable 17,392 (109,796) (Decrease) in deposits payable - (7,760)
Increase in compensated absences - 47,101
(Decrease) in claims and judgements - (167,071)
Increase in salaries and benefits payable 68,751 -
Net Cash Flows From Operating Activities $ 129,376 897,309 $ See accompanying notes to basic financial statements
34 CITY OF EMERYVILLE

FIDUCIARY FUNDS STATEMENTS
Fiduciary Funds include all Trust and Custodial funds, which account for assets held by the City as a trustee or agent for individuals, other governmental units and/or other funds.

The Private-Purpose Trust Fund was established to account for the assets and liabilities of the City of Emeryville as Successor Agency to the former Emeryville Redevelopment Agency per the Redevelopment dissolution laws AB 1X 26, AB 1484 and SB 107. The Fund is allocated revenue (previously known as property tax increment revenue) to pay estimated payments of the enforceable obligations as approved by the State Department of Finance, until obligations of the former Redevelopment Agency are paid in full and assets have been liquidated. The Fund also receives certain payments for leases and notes that are payable to the former Redevelopment Agency.

The Custodial Funds account for receipt of special assessments and the payment of principal, interest and bond administration costs on Assessment District Bonds. These funds are treated as Fiduciary Funds to report resources held by the City in a purely custodial capacity, which involves only the receipt, temporary investment and remittance of fiduciary resources to individuals, private organizations or other governments. These funds are separate and unrelated to the City of Emeryville funds. 35 Successor Agency
Private-Purpose Custodial
Trust Funds Funds
CURRENT ASSETS:

Cash and investments (Notes 3 and 14A) $ 929,066 7,545,733 $ Cash and investments with fiscal agents (Notes 3 and 14A) 9,747,097 740,493 Receivables:

Accounts 434 -
Accrued interest 4,556 385
Prepaid costs 368,834 -
Total Current Assets 17,666,654 1,669,944
NONCURRENT ASSETS:

Loans receivable (Note 14C) 13,261,569 -
Land held for resale 24,818,694 -
Capital assets (Note 14E):

Capital assets not being depreciated 11,333,991 -
Total Noncurrent Assets 49,414,254 -
Total Assets 67,080,908 1,669,944
CURRENT LIABILITIES:

Accounts payable 172,526 -
Accrued interest 1,126,416 -
Bonds due in one year (Note 14F) 7,740,000 -
Pollution remediation obligations due in one year (Note 14G) 50,000 - Total Current Liabilities 9,088,942 -
NONCURRENT LIABILITIES:

Bonds due in more than one year (Note 14F) 72,062,534
Pollution remediation obligations due in more than one year (Note 14G) 567,500 - Total Non-Current Liabilities 72,630,034 -
Total Liabilities 81,718,976 -

NET POSITION RESTRICTED FOR INDIVIDUALS
AND OTHER ORGANIZATIONS (14,638,068) $ 1,669,944 $
See accompanying notes to basic financial statements

CITY OF EMERYVILLE

FIDUCIARY FUNDS

STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2021
36 Successor Agency
Private-Purpose Custodial
Trust Funds Funds

ADDITIONS
Taxes $ 14,330,220 $ -
Special assessments - 369,500
Investment income 352,013 9,384
Miscellaneous 22,033 -
Total additions 14,704,266 378,884

DEDUCTIONS
Administrative expenses 254,576 3,105
Contractual services 2,239,501 5,836
Interest expense 2,710,429 -
Payment to bondholders - 754,045
Contributions to other governments 490,178 -
Total deductions 5,694,684 762,986
Net change in position 9,009,582 (384,102)
Net position - beginning, as restated (Note 1E) (23,647,650) 2,054,046 Net position - ending $ (14,638,068) $ 1,669,944

CITY OF EMERYVILLE

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2021
See accompanying notes to basic financial statements
37 This Page Intentionally Left Blank

CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) applicable to governmental entities. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. A summary of the City of Emeryville’s significant accounting policies applied in the preparation of these financial statements follows.

A. Reporting Entity
The City of Emeryville, California (the City), was incorporated in 1896. On November 4, 2014, the voters passed Measure U which established the City as a Charter City. The City operates under the Council-Manager form of government and provides the following services: public safety (police and fire); public works; community services such as adult services, child development and youth services; building and planning; economic development; and general administrative services.

These financial statements present the activities of the City, as the primary government, and its component units. The component units described below are included in the City’s reporting entity because of the significance of their operations or financial relationship with the City.

1. Blended Component Units
The Community Development Commission of Emeryville, the Emeryville Public Financing Authority, and the Management of Emeryville Services Authority are all entities controlled by and dependent on the City. While these are separate legal entities, City Council serves in separate sessions as their governing body, and the financial activities are integral to those of the City. The financial activities of these entities have been aggregated and merged (termed “blended”) with those of the City in the accompanying financial statements.

The Community Development Commission of Emeryville (the Commission) is a separate governmental entity whose purpose is to prepare and implement plans for improvement, rehabilitation and development of certain areas within the City. The Commission was formed in June 2011, in response to the Governor’s proposed State budget and enabling legislation that calls for the elimination of redevelopment agencies. The City Council and former Redevelopment Agency board established the Commission to continue the City’s economic development and affordable housing initiatives due to the State’s action to dissolve redevelopment agencies, and to safeguard the City’s general operations and bonding procedures that are currently conducted through joint exercise of power agreements between the City and the Successor Agency. The Commission has the same governing body as the City, which also performs all accounting and administrative functions for the Commission.
39 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Emeryville Public Financing Authority (the Authority) is a separate governmental entity whose purpose is to assist with the financing or refinancing of certain public capital facilities within the City and Commission. The Authority has the power to purchase bonds issued by any local agency at public or negotiated sale and may sell such bonds to public or private purchasers at public or negotiated sale. The Authority is controlled by the City and has the same governing body as the City, which also performs all accounting and administrative functions for the Authority. The financial activities of the Authority are included in these financial statements in the Debt Service Funds. Separate financial statements for the Authority are not prepared.

The Management of Emeryville Services Authority (MESA) is a separate governmental entity whose purpose is to provide more efficient and cost-effective services management, administrative, special or general services to the City, Commission, Authority, and other governmental agencies. MESA is controlled by the City and has the same governing body as the City, which also performs all accounting and administrative functions for MESA. The financial activities of MESA are reported in the MESA Internal Service Fund. Separate financial statements for the Authority are not prepared.

2. Fiduciary Fund
The Successor Agency of the Former Redevelopment Agency (the Successor Agency) was created January 17, 2012, as outlined in Assembly Bill 1X 26 (the Bill) which provides the requirements for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City which had previously reported the activities of the former redevelopment agency within the reporting entity of the City as a blended component unit.

The Successor Agency is a separate legal entity from the City, but City Council serves in separate sessions as their governing body. The responsibilities of the City as Successor Agency of the Former Redevelopment Agency are limited to acting in a fiduciary capacity, until all enforceable obligations of the Successor Agency have been paid. Because of the nature and significance of the relationship between the City and the Successor Agency, it would be misleading to exclude the Successor Agency from the City’s financial statements. The financial activities of the Successor Agency are reported in the City’s fiduciary fund statements as a private-purpose trust fund. Separate financial statements for the Successor Agency are not prepared.

B. Basis of Presentation

1. Government-Wide Financial Statements
The Statement of Net Position and the Statement of Activities display information about the primary government (the City) and its component units. These statements include the financial activities of the overall City government, except for fiduciary activities. Separate financial statements are prepared for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Eliminations have been made to minimize the double counting of internal activities. Interfund services provided and used are not eliminated in the process of consolidation. These statements distinguish between the governmental and business-type activities of the City. Governmental activities generally are financed through taxes, intergovernmental revenues and other nonexchange transactions.

Business-type activities are financed in whole or in part by fees charged to external parties. 40 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Statement of Activities presents a comparison between direct expenses and program revenues for each segment of the business-type activities of the City and for each function of the City’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Program revenues include:
a) charges paid by the recipients of goods or services offered by the programs, b) grants and contributions that are restricted to meeting the operation of a particular program or service, and c) development fees and permits, all of which are capital grants under California law. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues.

2. Fund Financial Statements
The fund financial statements provide information about the City’s funds, including its fiduciary funds and blended component units. Separate statements for each fund category (e.g., governmental, proprietary and fiduciary) are presented. The emphasis of fund financial statements is on major individual governmental and enterprise funds, each of which is displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds.

Governmental or enterprise funds with assets and deferred outflows, liabilities and deferred inflows, revenues, or expenditures equal to at least 10% of their fund-type total, and at least 5% of the combined total of governmental funds and enterprise funds, are required to be reported as a major fund. A governmental or enterprise fund may also be presented as a major fund in the basic financial statements, even if it does not meet the size criteria just described, if the City’s officials believe that the fund is particularly important to the financial statement users (because of public interest, reporting consistency, or otherwise). The General Fund is always reported as a major fund.

The City reports the following major governmental funds in the accompanying financial statements:

The General Fund is the general operating fund of the City and accounts for all financial resources except those required to be accounted for in another fund. The major revenues to the General Fund are taxes (property, sales, business licenses, utility users and transient occupancy), which comprise approximately 66% of the fund’s annual revenue stream. The major expenditure of the General Fund is Public Safety (police and fire), which accounts for about half of the fund’s annual expenditure stream.

The Other Grants Fund is a special revenue fund initiated in 1998 to account for funds from third-party grants and other sources and is used to segregate costs to be reimbursed by grants.

The Housing Assets Fund is a special revenue fund created by the Redevelopment Dissolution Act (AB 1484) to account for the assets transferred from the Low- and ModerateIncome Housing Fund (LMIHF) to the City as the Housing Successor. The Fund includes loans and notes receivable, rents and payments on these receivables after February 1, 2012, and amounts due to the LMIHF, including the SERAF loans. The funding sources are primarily loan activities. All monies in the Housing Assets Fund must be used in accordance with the applicable housing-related provisions of the Community Redevelopment Law. 41 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Property Based Improvement District Fund accounts for commercial and residential property assessments and General Fund contributions collected to fund the Emery Go-Round, the City’s shuttle service.

The General Capital Improvements Fund accounts for general capital projects, which include expenditures related to improvements to City Capital Assets. Source of funding comes from revenues transferred from the General Fund and a portion of the residual property taxes.

The RDA Bond Fund accounts for capital funds of the former redevelopment agency that have been approved for transfer to the City.

The City reports its enterprise fund as a major fund in the accompanying financial statements:

The Sewer Fund accounts for the operation and maintenance of the City sewer system. The fund is supported by sewer service charges billed through water usage bills and connection fees.

The City also reports the following fund types:

The Special Revenue Funds account for taxes and other revenues, which are set aside for a specific purpose in accordance with law or administrative regulation.

The Capital Projects Funds account for financial resources used for the acquisition or construction of major capital facilities.

The Debt Service Funds account for the accumulation of resources for, and the payment of, general long-term debt principal and interest payments.

The Internal Service Funds account for the activities of the MESA, accrued leave, workers’ compensation, litigation, dental and unemployment coverage, all of which are provided to other departments on a cost-sharing basis.

The Private-Purpose Trust Fund was established to account for the assets and liabilities of the Successor Agency of the former redevelopment agency and is allocated revenue to pay estimated payments of the enforceable obligations until obligations of the former redevelopment agency are paid in full and assets have been liquidated.

The Custodial Funds account for the receipt of special assessments and the payment of principal and interest and bond administration costs on Assessment District Bonds. Custodial funds are used to account for fiduciary activities that are not required to be reported in pension (and other employee benefit) trust funds, investment trust funds, or private-purpose trust funds.
42 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
During the course of operations, the government has activity between funds for various purposes.

Any residual balances outstanding at the end of the year are reported as advances to/from other funds. While these balances are reported in fund financial statements, certain eliminations are made between the funds included in governmental activities (i.e., the governmental and internal services funds) are eliminated so that only the net amount is included as internal balances in the governmental activities column.

Further, certain activities occur during the year involving transfers of resources between funds. In the fund financial statements, these amount are reported at gross amounts as transfers in and out.

While reported in the fund financial statements, certain eliminations are made in the preparation of the government-wide financial statements. Transfers between the funds included in governmental activities are eliminated.

C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements.

1. Government-Wide Financial Statements
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is 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.

2. Fund Financial Statements
The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both 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 City considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after the end of the year, except for sales tax revenue, which is considered available if collected within 90 days after the end of the 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. General capital asset acquisitions are reported as expenditures in governmental funds. Issuance of long-term debt and acquisitions under capital leases are reported as other financing sources.

43 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Property taxes, sales taxes, franchise 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. Entitlements are recorded as revenues when all eligibility requirements are met, including any time requirements, and the amount is received during the period or within the availability period for this revenue source (within 60 days after the end of the year).

Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements have been met, and the amount is received during the period, or within the availability period for this revenue source (within 60 days after the end of the year). Under the terms of grant agreements, the City may fund certain programs with a combination of cost-reimbursement grants, categorical block grants and general revenues. Thus, both restricted and unrestricted net position may be available to finance program expenditures. The City’s policy is to first apply restricted grant resources to such programs, followed by general revenues, if necessary. All other revenues are considered to be measurable and available only when cash is received by the government. Certain indirect costs are included in program expenses reported for individual functions and activities.

The Proprietary Fund Financial Statements, which includes the City’s enterprise fund, and internal services funds, as well as the Fiduciary Fund Financial Statements, are reported using the economic resources measurement focus and the accrual basis of accounting.

D. Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance

1. Cash and Investments
The City follows the practice of pooling cash and investments of all funds, except for restricted funds required to be held separately, for the purpose of obtaining the highest investment yield with the greatest safety and least risk. The balance in the pooled cash account is available to meet current operating requirements. Each fund’s share in this pool is displayed in the accompanying financial statements as ‘cash and investments’.

Cash and Cash Equivalents
Cash and cash equivalents are considered to be cash on hand, deposits with financial institutions, and short-term investments with original maturities of three months or less from the date of acquisition. Cash and cash equivalents are included in the amounts reported as cash and investments.

For purposes of reporting cash flows, the City considers each fund’s share in the cash and investments pool to be cash and cash equivalents, including cash and investments with fiscal agents.

44 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investments
City investments are recorded at fair value, which is primarily determined on the basis of quoted market prices at the end of the year. The City participates in an investment pool managed by the State of California titled Local Agency Investment Fund (LAIF), which has invested a portion of the pool funds in structured notes and asset-backed securities. LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments.

In addition, these structured notes and asset-backed securities are subject to market risk as to change in interest rates.

Investment income includes interest earnings, changes in fair value of investments held to maturity, and any gains or losses realized upon liquidation, maturity, or sale of investments.

Investment earnings of the pooled investments are allocated to the various funds based on each fund’s average cash and investment balance at the end of a quarter. Investment income earned from restricted cash and investments is credited directly to the related fund.

2. Prepaid Costs
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid costs in both the government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased.

3. Land Held for Resale
Land purchased for resale is capitalized as inventory at acquisition costs plus the cost of environmental remediation clean-up, or net realizable value, if lower.

4. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g. roads, bridges, sidewalks, and similar items), are reported in the applicable governmental or businesstype activities column in the government-wide financial statements, as well as in the proprietary and fiduciary fund statements, since the measurement focus for those fund types is on economic resources.

All capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Contributed capital assets are valued at their acquisition value on the date contributed. The City’s policy is to capitalize all assets with costs exceeding certain minimum thresholds and with useful lives exceeding three years. 45 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Costs associated with acquisition and construction of capital assets are not considered to be costs in the period that they are incurred, because of the future value that these assets provide to the City and its residents. With the exception of Land, and Construction in Progress, the City’s capital assets are depreciated using the straight-line method over their estimated useful lives, as indicated for each asset classification listed below. By doing this, the cost of these assets is systematically allocated over the number of years that the assets are expected to be useful. The City has assigned the useful lives and capitalization thresholds listed below to capital assets:

Years Thresholds
Park and other improvements 20 50,000 $
Building and improvements 25 - 50 50,000
Furnishings, vehicles and equipment 3 - 20 5,000
Marina improvements 5 - 50 50,000
Grading, curb, gutter, sidewalks and driveway approaches 10 - 50 50,000 Sewer equipment 5 - 20 5,000
Sewer improvements 65 50,000
Some capital assets may be acquired using federal and state grant funds or they may be contributed by developers or other governments. GASB Statement No. 34 requires that these contributions be accounted for as revenues at the time the capital assets are contributed.

With the implementation of GASB Statement No. 34, the City recorded all current year expenditures for its public domain (infrastructure) capital assets, including grading, curb, gutter, sidewalk and driveways approaches, which it maintains. GASB Statement No. 34 also requires the City to look back 20 years and estimate, depreciate and record prior year infrastructure costs.

This retroactive restatement has been completed and the City’s capital assets and net position were increased by the undepreciated balance of infrastructure.

5. 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 City rereports deferred outflows and inflows of resources.

Deferred Outflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has two items that qualify for reporting in this category. Outflows from changes in net pension liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position. Outflows from changes in net OPEB liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position. Deferred outflows of resources that are reported in the proprietary funds are also included in the Statement of Net Position.
46 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Deferred Inflows of Resources
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has three items which qualify for reporting in this category. Inflows from changes in net pension liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position. Inflows from changes in net OPEB liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position.

Deferred inflows of resources that are reported in the proprietary funds are also included in the Statement of Net Position. Additionally, unavailable revenues arise only under a modified accrual basis of accounting and are reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from multiple sources: special assessments, deferred loans, and grants. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

6. Interfund Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are 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." Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as "internal balances."

7. Receivables
All trade and property tax receivables are shown net of an allowance for uncollectable. The noncurrent portion of receivables related to revenue is set up as deferred inflow of resources and recognized as revenue when the receivables become current. The noncurrent portion of loans and other receivables are offset by fund balance reserve accounts.

8. Net Position
Net position is the excess of all the City’s assets over all its liabilities, regardless of fund. Net position is divided into three captions under GASB Statement No. 34. These captions apply only to net position, which is determined only at the government-wide level, and are described below:

Net Investment in Capital Assets describes the portion of net position that is represented by the current net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these assets.

47 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Restricted describes the portion of net position that is restricted as to use by the terms and conditions of agreements with outside parties, governmental regulations, laws or other restrictions, which the City cannot unilaterally alter. These principally include developer fees received for use on capital projects, debt service requirements, funds restricted to community development projects purposes and funds for use in sewer operations and sewer connection fees.

Unrestricted describes the portion of net position that is not restricted as to use.

9. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted net position to have been depleted before unrestricted net position is applied.

10. Fund Balances
In the fund financial statements, City funds report the following fund balance classification in accordance with GASB Statement No. 54:

Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

Restricted includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.

Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City’s highest authority, City Council. The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution. Included in the General Fund committed fund balance is a reserve for minimum economic uncertainty, as follows:

Economic uncertainty reserve target - the City’s policy is to maintain a target reserve of 50% of the General Fund annual operating budget. Appropriations are to be reserved for emergencies and limited to one-time and or short-term (one or two fiscal years) use.

Examples of such emergencies include, but are not limited to:
 Unplanned, major event such as a catastrophic disaster requiring expenditures over 5% of the General Fund adopted budget
 Economic uncertainties, local disasters and other hardships, or downturns in the local economy
 Budgeted revenue taken by another government entity
48 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
 Drop in projected/actual revenue of more than 5% of the General Fund adopted revenue budget
Assigned include amounts that are constrained by the City’s intent to be used for specific purposes but are neither restricted nor committed. The City Manager is authorized to assign amounts to a specific purpose, which was established by the governing body in a resolution.

Unassigned include the residual amounts that have not been restricted, committed, or assigned to specific purposes in the General Fund.

This reserve is considered primarily a working capital requirement, bridging the gap between the time expenses are paid and the time revenues are collected. Undesignated reserve balances will fluctuate from time to time and reflect annual operating results. This fund has no minimum threshold although sufficient balances are maintained to provide contingencies for unseen operating or capital needs and cash flow requirements.

The General Fund’s unassigned fund balance, together with the committed fund balance for economic uncertainty, total $33,389,235, or approximately 76.5% of $43,609,684 budgeted operating expenditures for fiscal year 2020-21.

11. Fund Balance Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance.

Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

12. New Funds
During fiscal year ended June 30, 2021, the City created the Measure F Special Revenue Fund and Parking Program Special Revenue Fund. The Measure F Special Revenue Fund was established to account for revenues generated by a special one quarter percent (0.25%) of the retail transactions and use tax effective July 1, 2020 to support the City’s various specified personnel positions and Child Development Program. The Parking Program Special Revenue Fund was established to account for fees collected from parking within Emeryville to support the City’s parking program beginning March, 2021.

49 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
E. New Accounting Standards
GASB Statement No. 84 – Fiduciary Activities – In January 2017, GASB issued GASB Statement No. 84, Fiduciary Activities. The objective of this Statement is to improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported. This Statement describes four fiduciary funds that should be reported, if applicable: (1) pension (and other employee benefit) trust funds, (2) investment trust funds, (3) private-purpose trust funds, and (4) custodial funds. Custodial funds generally should report fiduciary activities that are not held in a trust or equivalent arrangement that meets specific criteria. The provisions of this Statement were implemented during fiscal year 2021. As part of the implementation of this Statement, it was determined that the 1999 Revenue Bonds Fund, East Baybridge Assessment District Fund and Bay Shellmound Assessment District Fund be reported as Custodial Funds in the Fiduciary Statement of Net Position, which required the restatements, and increase, of beginning net position of the funds in the amounts of $577,124, $413,729, and $1,063,193, respectively.

GASB Statement No. 90 – Majority Equity Interests – In August 2018, GASB issued GASB Statement No. 90, Majority Equity Interests. The objectives of this Statement are to improve the consistency of reporting a government’s majority equity interest in a legally separate organization and to improve the relevance of financial statement information for certain component units. The requirements of the statement are effective for reporting periods beginning after December 15, 2019. GASB Statement No. 90 did not have an effect on the City’s fiscal year 2021 financial statements.

F. Revenues and Expenditures/Expenses

1. Program Revenues
Amounts reported as 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 (including special assessments) that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than as program revenues.

2. Property Taxes
Since the passage of Proposition 13, beginning with fiscal year 1979, general property taxes paid by property owners are based on a flat 1% rate applied either to the 1975 to 1976 full value of the property, or on 1% of the sales price of the property on sales transactions or construction value after the 1975 to 1976 valuation. Taxable values on properties (exclusive of increases related to sales and construction) are limited to increasing by a maximum of 2% per year. The levy and lien date on secured property taxes is January 1. Secured property taxes are due to Alameda County from property owners on November 1 and March 1 and become delinquent on December 10 and April 10, respectively, each year. The County of Alameda is responsible for assessing, collecting, and distributing property taxes in accordance with enabling state law, and remitting such amounts to the City.
50 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. Compensated Absences
City employees are granted vacation and sick leave in varying amounts. In the event of termination, an employee is paid for accumulated vacation days up to the equivalent of 50 days of vacation or twice the annual rate of accrual. Employees hired prior to November 1, 2014 are entitled to compensation for 60% of accumulated sick leave up to 120 days upon termination.

Employees hired on or after November 1, 2014 are entitled to compensation for 30% of accumulated sick leave up to 120 days after 10 years of continuous services (5 years of continuous service for Police). The cost of accumulated vacation and sick leave is recorded in the Accrued Benefits Internal Service Fund. Compensated absences are paid, if matured, out of the Accrued Benefits Internal Service Fund.

4. Pensions
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, and pension expense, information about the pension plans fiduciary net positions and additions to/deductions from the pension plans fiduciary net positions have been determined on the same basis as they are reported by the CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

GASB 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

EPOA
Retirement
Miscellaneous Safety Enhancement
Plan Plan Plan
Valuation Date (VD) June 30, 2019 June 30, 2019 June 30, 2020 Measurement Date (MD) June 30, 2020 June 30, 2020 June 30, 2021 June 30, 2019 June 30, 2019 to June 30, 2020 to
June 30, 2020 June 30, 2020 June 30, 2021 Measurement Period (MP) 51 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

5. Proprietary Funds Operating and Nonoperating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from nonoperating items.

Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Sewer enterprise fund, and internal service funds are charges to customers for sales and services. The Sewer enterprise fund recognizes operating revenues based on monthly receipts from East Bay Municipal Utility District (the entity that performs the billing service for the City’s sanitary sewer charges). Revenues for services provided but not billed at the end of a fiscal period are not considered significant to the presentation of the financial statements and are not accrued. Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Deficit Fund Balance/Net Position
The Accrued Benefits internal service fund had a net position deficit of $352,938.

NOTE 3 – CASH AND INVESTMENTS
A. Summary of Cash and Investments
Cash and investments as of June 30, 2021, are reported in the accompanying financial statements as follows:

Governmental Activities
Cash and investments 170,803,614 $
Restricted cash and investments 12,237,291
Business-Type Activities
Cash and investments 7,327,522
Fiduciary Funds
Cash and investments 8,474,799
Restricted cash and investments with fiscal agents 10,487,590 Total 209,330,816 $
Cash and investments as of June 30, 2021, consist of the following:

Cash on hand $ 1,950
Deposits with financial institutions 9,494,725
Investments 199,834,141
Total 209,330,816 $
52 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 3 – CASH AND INVESTMENTS (Continued)
B. Deposits
At June 30, 2021, the carrying amount of the City’s deposits was $9,494,725 and the bank balance was $10,344,462. The $849,737 difference represents outstanding checks and other reconciling items.

California Government Code requires California banks and savings and loan associations to secure a City’s deposits by pledging government securities with a value of 110% of a City’s deposits.

California law also allows financial institutions to secure a City’s deposits by pledging first trust deed mortgage notes having a value of 150% of a City’s total deposits. The City Treasurer may waive the collateral requirement for deposits that are fully insured up to $250,000 by the FDIC. The collateral for deposits in federal and state chartered banks is held in safekeeping by an authorized Agent of Depository recognized by the State of California Department of Banking. The collateral for deposits with savings and loan associations is generally held in safekeeping by the Federal Home Loan Bank in San Francisco, California as an Agent of Depository. These securities are physically held in an undivided pool for all California public agency depositors. Under Government Code Section 53655, the placement of securities by a bank or savings and loan association with an Agent of Depository has the effect of perfecting the security interest in the name of the local governmental agency.

Accordingly, all collateral held by California Agents of Depository is considered to be held for, and in the name of, the local governmental agency.

C. Investments

1. Investments Authorized by California Government Code/City Investment Policy Under provision of the City’s investment policy, and in accordance with the California Government Code, the following investments are authorized:
 Securities of the U.S. Government or its agencies
 Certificates of deposit placed with commercial banks and S&L’s  Medium-term corporate notes
 Passbook savings account demand deposits
 Money market mutual funds
 Government sponsored pools and/or mutual funds

2. Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond trustee.

Investments of debt proceeds held by a bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

53 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 3 – CASH AND INVESTMENTS (Continued)

3. Investments in State Investment Pool
The City 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. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The State Treasurer’s Office audits the fund annually. The fair value of the position in the investment pool is the same as the value of the pool shares.

4. Public Agencies Post-Employment Trust
On May 1, 2018, the City Council adopted Resolution 18-45 approving the adoption of the Public Agencies Post-Employment Trust administered by Public Agency Retirement Services (PARS).

The Trust is an irrevocable trust and qualifies as an Internal Revenue Section 115 Trust. This Trust will assist the City in mitigating the CalPERS contribution rate volatility. Investments of funds held in Trust are governed by the Investment Guideline Document for the investment account and by the agreement for administrative services with PARS, rather than the general provisions of the California Government Code of the City’s Investment Policy. The City elected a discretionary investment approach which allows the City to maintain oversight of the investment management, control on target yield and the portfolio’s risk of tolerance, under the Moderately Conservative Index PLUS investment option. The assets in the Trust will eventually be used to fund pension plan obligations.

5. Investment Balances
Investments as of June 30, 2021, consist of the following:

Fair Value
Local Agency Investment Fund (LAIF) 81, $ 948,340
Negotiable Certificates of Deposit 491,227
Corporate Notes 3,951,719
Government Obligations 7,732,424
Money Market Funds 95,222,841
Total Investments Authorized by CA Government Code/City Investment Policy 189,346,551
Investments Authorized by Debt Agreements
Money Market Funds 10,487,590
Total Investments Authorized by Debt Agreements 10,487,590 Total Investments $ 199,834,141
Investments Authorized by CA Government Code/City Investment Policy 54 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 3 – CASH AND INVESTMENTS (Continued)

6. Fair Value Measurement
Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy is established prioritizing the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
 Level 1 - Inputs are quoted market prices (unadjusted) in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date.  Level 2 - Inputs other than quoted prices within Level 1 that are observable, either directly or indirectly such as quoted prices for similar assets or liabilities in active markets or inactive markets, or inputs other than quoted prices that are observable for the asset or liability.  Level 3 - Inputs are unobservable. Valuations for assets and liabilities are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions.

Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

The City uses appropriate valuation techniques based on the available inputs to measure the fair value of its investments. When available, the City measures fair value using Level 1 inputs because they generally provide the most reliable evidence of fair value. Level 3 inputs are only used when Level 1 or Level 2 inputs are not available.

The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in different fair value measurement at the reporting date. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investments.

55 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 3 – CASH AND INVESTMENTS (Continued)
The City reported the following recurring fair value measurements as of June 30, 2021:

Value Level 1 Level 2
City Investments
Certificates of Deposit $ 491,227 $ - $ 491,227
Corporate Notes 3,951,719 3,951,719 -
Government Obligations 7,732,424 2,262,846 5,469,578
Money Market Funds 95,222,841 747,319 94,475,522
Total City Investments 107,398,211 3,010,165 104,388,046 Investments with Fiscal Agents
Money Market Funds 10,487,590 10,487,590 -
Total Investments with Fiscal Agents 10,487,590 10,487,590 - Total Leveled Investments 117,885,801 $ 3,010,165 $ 114,875,636 Local Agency Investment Fund (LAIF) 81,948,340
Total Investments $ 199,834,141
Investment Type
Uncategorized
Fair Value Measurement

7. Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party.

The City’s investment policy does not address custodial credit risk. As of June 30, 2021, none of the City’s deposits or investments were exposed to custodial credit risk.

8. Credit Risk
The City's investment policy limits investments in medium-term notes (MTN’s) to those rated "AA" or higher by a recognized rating service such as Standard and Poor's (S&P) or by Moody's.

As of June 30, 2021, the City’s investments in government obligations were rated Aaa by Moody’s. Investments in money market funds were rated AA+ by S&P, investments in certificates of deposit (CD) held with financial institutions, and the City’s investments in external investment pools, California Local Agency Investment Fund, were unrated.

56 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 3 – CASH AND INVESTMENTS (Continued)

9. Concentration of Credit Risk
The City’s investment policy imposes restrictions on the percentage that the City can invest in certain types of investments. In accordance with GASB Statement No. 40 requirements, the City is exposed to concentration of credit risk whenever they have invested more than 5% of their total investments in any one issuer. As of June 30, 2021, the City did not invest more than 5% of their total investments in the one issuer.

Investments guaranteed by the U.S. government and investments in mutual funds and external investment pools are excluded from this requirement.

10. Interest Rate Risk
The City's investment policy limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. The City's investment policy states that maturities cannot exceed five years without City Council approval. Investments with fiscal agents are subject to separate provisions as outlined in the related bond indentures. The City has elected to use the segmented time distribution method of disclosure for its interest rate risk.

As of June 30, 2021, the City had the following investments and maturities:
12 months 12 months to 36 months or
Fair Value or less 36 months more
City Investments
Local Agency Investment Fund (LAIF) $ 81,948,340 $ 81,948,340 $ - $ - Certificates of Deposit 491,227 491,227 - -
Corporate Notes 3,951,719 16,248 794,789 3,140,682
Government Obligations 7,732,424 223,265 4,090,081 3,419,078 Money Market Funds 95,222,841 95,222,841 - -
Total City Investments 189,346,551 177,901,921 4,884,870 6,559,760 Investments with Fiscal Agents
Money market funds 10,487,590 10,487,590 - -
Total Investments with Fiscal Agents 10,487,590 10,487,590 - - Total Investments $ 199,834,141 $ 188,389,511 $ 4,884,870 $ 6,559,760 Investment Maturities (in Months)
Investment Type

57 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 4 – INTERFUND ACTIVITIES

A. Transfers In/Out
Transfers are reported in the accompanying financial statements as of June 30, 2021, as follows:

General Capital
Improvements Nonmajor Internal
General Capital Projects Governmental Sewer Service
Fund Fund Funds Fund Funds Total
Governmental Activities
General Fund - $ 55,158 $ 1,591,000 $ 185,800 $ 500,000 $ $ 2,331,958 Other Grants Special Revenue Fund 164 - - - - 164
Property Based Improvement District - - - - - -
Special Revenue Fund 556,327 - - - 556,327 -
Nonmajor Governmental Funds 1,869,405 290,000 - - 2,159,405 - Total $ 2,425,896 $ 345,158 $ 1,591,000 $ 185,800 $ 500,000 $ 5,047,854 Transfers In
Governmental Activities Business-Type Activities
Transfers Out
The General Fund received $55,158, $1,591,000, $185,800, and $500,000 from the General Capital Improvements Capital Projects Fund, Nonmajor Governmental Funds, Sewer Fund and Internal Services Funds, respectively. These funds were transferred to the General Fund for support of general operations and overhead costs with the exception of $1,500,000 which was transferred from the Measure F Nonmajor Governmental Fund to the General Fund and then to the Child Development Special Revenue Fund.

The General Fund transferred $556,327 to the Property Based Improvement District Special Revenue Fund to help fund the Emeryville shuttle services, transferred $164 to the Other Grants Special Revenue Fund to cover a grant shortage for the EOB Transit Study project, and transferred $1,869,405 to various Nonmajor Governmental Funds, including $1,500,000 of Measure F sales tax funds transferred through the General Fund to the Child Development Special Revenue Fund to support early childhood education programs.

The General Capital Improvement Capital Projects Fund transferred $290,000 to the Parking Program Special Revenue Fund to support operation costs for the City’s parking program.

B. Due To/From Other Funds
During the course of operations, transactions occur between funds to account for goods received or services rendered. These receivables and payables are classified as due from or due to other funds. In addition, when funds overdraw their share of pooled cash, the receivables and payables are also classified as due from or due to other funds.

The General Fund provided a short-term loan to the Other Grants Special Revenue Fund in the amount of $1,252,203 to cover negative cash balances.
58 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 5 – NOTES AND LOANS RECEIVABLE
The City engages in programs designed to encourage construction or improvement in low-tomoderate income housing or other projects. Under these programs, grants or loans are provided under favorable terms to homeowners or developers who agree to spend these funds in accordance with the City’s terms. Since the City does not expect to collect all of these loans in the near term, the loans have been offset by an allowance for uncollectible loans in the fund financial statements.

Notes and loans receivable are reported in the accompanying financial statements as of June 30, 2021, as follows:

Housing Assets Special Revenue Fund
First-Time Home Buyer Program $ 3,110,761
Ownership Housing Assistance 3,504,926
Homeowner's Association Assessment 54,723
Home Rehabilitation and Assistance 261,991
Bay Bridge Corporation (AIDS Housing) Deferred 569,889
Avalon Senior Housing, LP 3,014,766
Bakery Lofts 250,000
3706 San Pablo 2,954,592
Help Housing Loan Program 1,164,568
3600 San Pablo Ave-Evoy L.P Predevelopment 593,244
Allowance on Uncollectible Loans (15,479,460)
Total Housing Assets -
Nonmajor Governmental Funds
First-Time Home Buyer Program 2,160,007
Home Rehabilitation and Assistance 141,306
Cal Home Loan Program 1,165,800
EAH Housing 3706 San Pablo 2,062,464
Allowance on Uncollectible Loans (5,529,577)
Total Nonmajor Governmental Funds -
Total Notes and Loans Receivables $ -
A. First-Time Homebuyer Program
The City’s First-Time Homebuyer Program offers down payment assistance to low and moderate income first-time homebuyers purchasing a home in the City of Emeryville. The deferred loans bear interest at a rate that is 75% of the interest rate on the first mortgage, or 5%, whichever is less. The deferred loans require no monthly payments, are not due until the property is sold, transferred or rented and are collateralized by second deeds of trust. The loans are forgiven if the buyer resides in the home for more than 30 years.
59 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 5 – NOTES AND LOANS RECEIVABLE (Continued)
B. Ownership Housing Assistance
The City’s Ownership Housing Assistance Program offers down payment assistance to very low and low-income homebuyers purchasing a below-market-rate unit in the City of Emeryville. The deferred loans bear interest at 5%, require no monthly payments, are not due until the property is sold or transferred, are completely forgiven after 30 years, and are collateralized by subordinate deeds of trust.

C. Homeowner’s Association Assessment
In February 2009, the City provided loans to owners of Below Market Rate (BMR) units and market rate units in the Oliver Lofts development. Loans to owners of market rate units are secured by trust deeds bear interest at 3.7% and are fully amortized over 20 years. Loans to BMR unit owners are partially or fully unsecured and may be deferred to meet debt-to-income ratio requirements. Deferred loans will be reassessed every five years and converted to amortized loans based on owners’ ability to make payments. The BMR loans bear interest at 3.7% and are due in 20 years, with the exception that the deferred loans bear interest at a simple interest rate.

Assessment Loans to owners of market rate units in Emery Bay Village are secured by trust deeds bear interest at 3% and are fully amortized over 15 years.

D. Home Rehabilitation and Assistance
The Economic Development and Housing Department administers a Cal Home and housing rehabilitation loan program using Community Development Block Grant funds. Under this program, individuals with income below a certain level are eligible to receive low interest, 15-year loans, secured by deeds of trust, for rehabilitation work on their homes. The loan repayments may be amortized over the life of the loans, deferred or a combination of both.

E. Bay Bridge Corporation (AIDS Housing) Deferred
In May 1995, the City loaned $325,000 to a nonprofit public benefit corporation that used the funds to develop a six-unit rental housing project for low-income persons who are disabled because of being HIV positive or diagnosed with AIDS. The loan is secured by a second deed of trust on the project and bears annual interest rate at 3%. The loan principal and all accrued interest will be due and payable on the earliest of 40 years from the date of the loan, when the property is sold or refinanced or in the event of default on the loan agreement.

F. Avalon Senior Housing, LP
On December 4, 1998, the City loaned the developer of the Avalon Senior Housing Project $1,800,000 to cover development costs associated with the senior housing space of the project. The interest rate is 3% and secured by a deed of trust on the property. Payments of principal and interest are to be made from residual cash flow as defined in the promissory note with the full amount of outstanding principal and interest due the earliest of 55 years from the date of the note, when the property is sold or refinanced, or in the event of default on the loan agreement. 60 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 5 – NOTES AND LOANS RECEIVABLE (Continued)
G. Home Rehabilitation and Assistance
The City administers a housing rehabilitation loan program using Housing Funds. Under these programs, individuals with incomes below a certain level are eligible to receive low interest 15-30- year loans, secured by deeds of trust, for rehabilitation work on their homes. The loan repayments may be amortized over the life of the loans, deferred or a combination of both.

H. Bakery Lofts
During the fiscal year ended June 30, 2001, the City loaned $250,000 to a developer to finance the development of eight affordable residential units in a 41-unit project with rental levels for moderateincome households. The loan is secured by a second deed of trust. The loan does not have a due date and is only obligated to be repaid to the City at 8% interest per annum in the event of a violation of the affordability agreement.

I. 3706 San Pablo
In June 2017, the City loaned the developer of the 3706 San Pablo Avenue Affordable Housing Project $2,637,248 to cover development costs associated with this project. Loan funds were provided by the City’s Affordable Housing Impact Fee Fund ($1,840,000) and Housing Assets Fund ($797,248). During fiscal year 2017-18, the City loaned the developer an additional $1,862,752 from the Housing Assets Fund for a total of $4,500,000. The loan will accrue simple interest at the rate of 3% per annum from the date of disbursement. The borrower is required to make repayments of the loan equal to the city share of residual receipts commencing on May 1, 2019, and on May 1 of each calendar year thereafter through the end of the term. The loan is secured by a deed of trust and is due if the property is transferred or sold.

J. Gateway Housing Corp. Development
During the fiscal year ended June 30, 2001, the City loaned $1,475,000 to developers Gateway Housing Corporation (GHC). GHC made 3% notes to low income buyers as a way of repayment; however, the developer’s company dissolved, and the remaining expected repayment is $35,000. The loan balance has a 20-year term and was forgiven effective December 12, 2020, in accordance with the terms of the loan agreement.

K. Help Housing Loan Program
The City’s Help Program offers down payment assistance to lower-income homebuyers purchasing a Below-Market-Rate home in the City of Emeryville. The deferred loans are provided at 3% simple interest rate, require no monthly payments, are not due until the properly is sold, transferred or rented or 30 years, whichever occurs first. The loans allow interest to be forgiven after 30 years and are collateralized by subordinate deeds of trust.

61 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 5 – NOTES AND LOANS RECEIVABLE (Continued)
L. 3600 San Pablo Ave – Evoy L.P. Predevelopment
In June 2021, the City loaned the developer of certain real property at 3600 San Pablo Avenue $593,245 to cover acquisition costs associated with the property for an affordable housing project.

Loan funds were provided by the City’s Housing Assets Fund. The loan will accrue simple interest at the rate of 3% per annum from the date of disbursement, however, all payments are deferred until June 2026, with the option to defer further at the City’s discretion. The loan is secured by a deed of trust and is due if the property is transferred or sold.

M. Cal Home Loan Program
The City’s Cal Home Program offers down payment assistance to lower-income homebuyers purchasing a home in the City of Emeryville. The deferred loans are provided at a 3% simple interest rate, require no monthly payments, are not due until the property is sold, transferred or rented or 30 years, whichever occurs first. The loans allow interest to be forgiven after 30 years and are collateralized by subordinate deeds of trust.

NOTE 6 – CAPITAL ASSETS
Governmental Activities capital asset activity as of June 30, 2021, is as follows:

Balance at Balance at
July 1, 2020 Additions Retirements June 30, 2021
Governmental Activities
Capital assets not being depreciated:

Land $ 29,297,979 $ - $ - $ 29,297,979
Construction in progress 15,786,839 17,265,779 675,902 32,376,716 Total Capital Assets Not
Being Depreciated 45,084,818 17,265,779 675,902 61,674,695 Capital assets being depreciated:

Park and other improvements 23,954,418 - - 23,954,418
Buildings and improvements 48,616,998 - - 48,616,998
Furnishings, vehicles and equipment 7,399,372 283,168 - 7,682,540 Marina improvements 8,674,685 - - 8,674,685
Grading, curbs, gutters, sidewalks
and driveway approaches 38,298,078 - - 38,298,078
Total Capital Assets
Being Depreciated 126,943,551 283,168 - 127,226,719
Less accumulated depreciation for:

Park and other improvements 11,305,299 1,042,839 - 12,348,138 Buildings and improvements 23,369,833 1,173,253 - 24,543,086 Furnishings, vehicles and equipment 5,997,672 509,111 - 6,506,783 Marina improvements 7,238,578 129 - 7,238,707
Grading, curbs, gutters, sidewalks
and driveway approaches 27,417,149 639,683 - 28,056,832 Total Accumulated Depreciation 75,328,531 3,365,015 - 78,693,546 Net Capital Assets
Being Depreciated 51,615,020 (3,081,847) - 48,533,173
Governmental Activity Capital
Assets, Net $ 96,699,838 $ 14,183,932 $ 675,902 $ 110,207,868 62 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 6 – CAPITAL ASSETS (Continued)
Depreciation expense was charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or programs are as follows:

Governmental Activities:

City council $ 2,152
Finance 902
Information technology 39,594
General government-non-departmental operations 109,229
Police 362,571
Fire 97,639
Child development 42,601
Youth services 28,090
Adult services 75,833
Public works 2,606,404
Total Governmental Activities Depreciation Expense 3,365,015 $ Business-Type Activities capital asset activity as of June 30, 2021, is as follows:

Balance at Balance at
June 30, 2020 Additions Retirements June 30, 2021
Business-Type Activities
Capital Assets, not being depreciated
Construction in progress $ 5,130 $ - $ - $ 5,130
Total Capital Assets Not Being
Depreciated: 5,130 - - 5,130
Capital assets being depreciated:

Buildings and improvements 487,482 - 487,482 -
Automobile and equipment 5,396 - - 5,396
Sewer improvements 9,943,529 - 9,943,529 -
Total Capital Assets
Being Depreciated 10,436,407 - - 10,436,407
Less accumulated depreciation for:

Buildings and improvements 126,746 9,750 - 136,496
Automobile and equipment 5,396 - 5,396
Sewer improvements 2,491,540 181,310 - 2,672,850

Total Accumulated Depreciation 2,623,682 191,060 - 2,814,742 Net Capital Assets
Being Depreciated 7,812,725 (191,060) - 7,621,665
Business-Type Activity Capital
Assets, Net 7,817,855 $ (191,060) $ - $ 7,626,795 $
Depreciation expense of $191,060 was charged to the Sewer fund for the year ended June 30, 2021. 63 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 7 – LONG-TERM LIABILITIES
The following is a summary of the changes in long-term debt for the fiscal year ended June 30, 2021:

Balance at Balance at Current
June 30, 2020 Retirements June 30, 2021 Portion
Governmental Activities
Private Placement Bonds:

Public Financing Authority, Lease
Revenue Bonds, 2013 Series A $ 2,583,500 $ 290,900 $ 2,292,600 $ 299,200 Total Bonds 2,583,500 290,900 2,292,600 299,200
Total Governmental Activities
Long-Term Liabilities $ 2,583,500 $ 290,900 $ 2,292,600 $ 299,200 A. Public Financing Authority Lease Revenue Bonds, 2013 Series A The Emeryville Public Financing Authority (the Authority) issued $4,390,300 in Lease Revenue Bonds, 2013 Series A, with an effective interest rate of 3.02% per annum. The proceeds were used to refund $4,745,000 of outstanding 1998 Series A Lease Revenue Bonds. The outstanding balance of this private placement bonds contains a provision in which the Purchaser of the bonds may terminate the agreement if any event occurs or becomes known that has a material adverse effect on the financial condition of the City or the ability of the City to perform under the Agreement.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2021, including interest, are as follows:

Principal Interest
2022 $ 299,200 $ 69,237
2023 306,900 60,201
2024 319,200 50,932
2025 325,900 41,292
2026 336,900 31,450
2027-2028 704,500 32,060
$ 2,292,600 $ 285,172
Lease Revenue Bonds
2013 Series A
64 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 7 – LONG-TERM LIABILITIES (Continued)
B. Compensated Absences

In governmental activities, the liability for employee compensated absences are reported in the Cities Accrued Benefits internal service fund and will be liquidated by that fund. The following is a summary of the changes in compensated absences for the fiscal year ended June 30, 2021:

Balance at Balance at Current
June 30, 2020 Additions Reductions June 30, 2021 Portion Compensated absences: 3,033,506 $ $ 104,172 $ 57,071 $ 3,080,607 $ 1,656,904 NOTE 8 – DEBT WITHOUT CITY COMMITMENT
A. Public Financing Authority 1999 Revenue Bonds
On July 21, 1999, the Public Financing Authority issued 1999 Revenue Bonds in the amount of $14,420,000 to refinance three previously issued bonds: The West Emeryville Assessment District Improvement Bonds, the Bay Street-Shellmound Street Extension Assessment District Limited Obligation Bonds, and the East Bay Bridge Assessment District Limited Obligation Improvement Bonds, No. 1993-1. In addition, proceeds of the 1999 Revenue Bonds have been used to finance acquisition and construction of certain capital improvements in the City. The City is in no way liable for repayment of the bonds but acts as agent for the property owners in collecting the assessments, forwarding the collections to bondholders, and initiating foreclosure proceedings, if appropriate.

NOTE 9 – DEFINED BENEFIT PENSION PLANS
A. Summary of Liability Amounts, Deferred Outflows and Deferred Inflows A summary of the City’s net pension liabilities and deferred amounts arising from various plans are listed below.

Plan Net Pension Liabilities Deferred Outflows Deferred Inflows Pension Expense CalPERS Miscellaneous Rate Plan $ 15,341,913 $ 4,015,913 $ 1,686,063 $ 2,860,120 CalPERS Safety Rate Plan 33,118,423 8,083,633 2,598,794 5,216,257 Emeryville Police Officers’ Association Retirement
Enhancement Plan (EPOA) 364,342 281,242 464,577 (20,352) $ 12,463,888 48,741,578 $ 4,749,434 $ 8,056,025 $
B. Miscellaneous and Safety Pension Plans
Plan Descriptions
All qualified permanent and probationary employees are eligible to participate in Management of Emeryville Services Authority’s Miscellaneous Plan, or the City of Emeryville’s Safety Police or Safety Fire Plans (the Plans), cost-sharing multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). Benefit provisions under the Plans are established by State statute and City resolution. 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. 65 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Benefits Provided
The Plans provide 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. Plan members are provided one of the following death benefit: the Basic Death Benefit, the 1959 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.

On July 1, 2012, the City’s Safety Fire plan became inactive due to the transfer of all active employees to the Alameda County Fire Department.

Classic* Second Tier* PEPRA
Hire date
Prior to January 1,
2012
January 1, 2012 but
prior to January 1,
2013
January 1, 2013 and
after
Benefit formula 2% @ 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 Minimum 50 yrs Minimum 50 yrs Minimum 52 yrs Monthly benefits, as a % of eligible compensation 1.426% - 2.418% 1.092% - 2.418% 1.000% - 2.500% Required employee contribution rates 7.000% 7.000% 7.250% Required normal employer contribution rates 11.746% 9.442% 7.874% Required employer payment of unfunded liability $ 733,341 $ 8,648 $ 6,307 *Closed to new entrants
Police Classic* Police Tier II* Police PEPRA Fire**
Hire date
Prior to January 1,
2013
January 1, 2012 but
prior to January 1,
2013
January 1, 2013 and
after N/A
Benefit formula 3% @ 55 3% @ 55 2.7% @ 57 3% @ 50
Benefit vesting schedule 5 years service 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Monthly for life Retirement age Minimum 50 yrs Minimum 50 yrs Minimum 50 yrs Minimum 50 yrs Monthly benefits, as a % of eligible compensation 2.400% - 3.000% 2.400% - 3.000% 2.000% - 2.700% 3.000% Required employee contribution rates 9.000% 9.000% 13.750% N/A Required normal employer contribution rates 23.558% 22.397% 13.884% N/A Required employer payment of unfunded liability $ 947,406 $ 2,272 $ 4,789 $ 1,472,128 *Closed to new entrants
Miscellaneous Plan
Safety Plan
** There were no active employees in this plan; therefore no employee contributions were made during the measurement period.

66 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) 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 all Miscellaneous Plans are determined annually on an actuarial basis as of June 30. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

For the year ended June 30, 2021, the contributions recognized as a reduction to the net pension liability for the Plans was $1,334,665 for Miscellaneous and $3,508,756 for Safety.

Actuarial Methods and Assumptions Used to Determine Total Pension Liabilities The total pension liabilities in the June 30, 2019 actuarial valuations were determined using the following actuarial assumptions:

Valuation Date June 30, 2019
Measurement Date June 30, 2020
Actuarial Cost Method Entry Age Normal Cost Method
Discount Rate 7.15% depending on age, service and
employment
Inflation 2.50%
Salary Increases Varies by Entry Age and Service
Mortality Rate
Table*
Derived using CalPERS’ Membership Data for
all Funds
Post Retirement
Benefit Increase Contract COLA up to 2.50% until Purchasing Power Protection Allowance Floor of
Purchasing Power applies, 2.50% thereafter
Actuarial Assumptions
*
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 December 2017 experience study report on the CalPERS website.

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. 67 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a buildingblock 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, staff took into account both short-term and longterm market return expectations as well as the expected pension fund (PERF C) cash flows. Taking into account historical returns of all the Public Employees Retirement Funds’ asset classes (which includes the agent plan and two cost-sharing plans or PERF A, B, and C funds), 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 longterm, the present value of benefits was calculated for each PERF C fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set 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:

Asset Class (a)
New Strategic
Allocation
Real Return
Years 1 - 10
(b)
Real Return
Years 11+ (c)
Global Equity 50.0% 4.80% 5.98%
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%
Total 100.0%
(a) In the CalPERS CAFR, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities. (b) An expected inflation of 2.0% used for this period. (c) An expected inflation of 2.92% used for this period.

68 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Pension Liabilities, Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of June 30, 2021, the City reported net pension liabilities for its proportionate shares of the net pension liability of each Plan as follows:

Miscellaneous Plan $ 15,341,913
Safety Plan 33,118,423
Total Cost-Sharing Plans Net Pension Liability $ 48,460,336 Proportionate Share of Net Pension Liabilities
The City’s net pension liability for each of the Plans is measured as the proportionate share of the net pension liability. The net pension liability of the Plans are measured as of June 30, 2020, 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, 2019 rolled forward to June 30, 2020 using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined.

The City’s proportionate share of the net pension liability for the City’s Miscellaneous Rate Plan as of June 30, 2019 and 2020 was as follows:

Miscellaneous
Plan
Proportion - June 30, 2019 0.33923%
Proportion - June 30, 2020 0.36372%
Change - Increase/(Decrease) 0.02449%
The City’s proportionate share of the net pension liability for each of the City’s Safety Rate Plan as of June 30, 2019 and 2020 was as follows:

Safety
Plan
Proportion - June 30, 2019 0.48663%
Proportion - June 30, 2020 0.49710%
Change - Increase/(Decrease) 0.01047%
For the year ended June 30, 2021, the City recognized total pension expense of $2,860,120 for the Miscellaneous Plan and $5,216,257 for the Safety Plan.

69 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
At June 30, 2021, the City reported deferred outflows and deferred inflows of resources related to the Miscellaneous Plan as follows:

Deferred Deferred
Outflows of Inflows of
Resources Resources
Pension contributions subsequent to measurement date $ 1,334,665 $ - Changes in assumptions 109,425 -
Differences between expected and actual experiences 790,614 - Net difference between projected and actual earnings
of pension plan investments 455,756 -
Adjustment due to differences in proportions 1,434,878 1,576,638 Total Miscellaneous Plan $ 4,015,913 $ 1,686,063
At June 30, 2021, the City reported deferred outflows and deferred inflows of resources related to the Safety Plan as follows:

Deferred Deferred
Outflows of Inflows of
Resources Resources
Pension contributions subsequent to measurement date 3,508,756 $ - $ Changes in assumptions - 110,318
Differences between expected and actual experiences 2,568,166 - Net difference between projected and actual earnings of pension plan investments - 719,803
Unamortized difference between employer contribution
and the plans proportionate share of aggregate employer contributions 1,874,888 546,908
Adjustment due to differences in proportions 740,000 613,588 Total Safety Plan 8,083,633 $ 2,598,794 $
70 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
$1,334,665 for the Miscellaneous Plan and $3,508,756 for the Safety Plan, reported as deferred outflows of resources related to contributions subsequent to the measurement date but before the City’s fiscal year end, will be recognized as a reduction of the net pension liability in the year ended June 30, 2022. Other amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended
June 30,
Miscellaneous
Plan Safety Plan Total
2022 76,824 $ 234,431 $ 311,255 $
2023 404,705 774,421 1,179,126
2024 295,063 606,570 901,633
2025 218,593 360,661 579,254
Total $ 995,185 $ 1,976,083 $ 2,971,268
Deferred Outflows/(Inflows) of Resources
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1% point lower or 1% point higher than the current rate:

Discount Rate Current Discount Rate
- 1% Discount Rate + 1%
Plan (6.15%) (7.15%) (8.15%)
Miscellaneous Plan $ 24,641,083 $ 15,341,913 $ 7,658,301 Safety Plan 50,001,390 33,118,423 19,264,350
Total $ 74,642,473 $ 48,460,336 $ 26,922,651
Sensitivity of the Proportionate Share of Net Pension Liabilities Pension Plan Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.
71 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
C. Emeryville Police Officers’ Association Retirement Enhancement Plan Plan Description, Benefits Provided and Employees Covered The Emeryville Police Officers’ Association (EPOA) Retirement Enhancement Plan is an agent multiple-employer defined benefit pension plan administered by the Public Agency Retirement System (PARS). The plan does not issue separately audited financial statements.

The plan provides supplemental retirement benefits in the form of monthly annuities to retirees and survivors of retirees in the plan.

The membership as of June 30, 2020, included 20 active participants and 5 retirees. The plan is closed to new entrants.

Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) 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. The total plan contributions are determined by an independent pension actuary using information furnished by the City and by PARS. 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 employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. For the measurement period ended June 30, 2021 (the measurement date), the employer’s contribution rate is 3.97% percent of annual payroll, and no contributions were made by the employees. Employer contribution rates may change if plan contracts are amended. It is the responsibility of the employer to make necessary accounting adjustments to reflect the impact due to any Employer Paid Member Contributions or situations where members are paying a portion of the employer contribution.

72 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Actuarial Methods and Assumptions Used to Determine Total Pension Liability The June 30, 2021 total pension liability was based on the following actuarial methods and assumptions:

Actuarial Cost Method Entry Age Normal
Discount Rate 6.50%
Inflation 2.50%
Salary Increases Varies by Entry Age and Service
Investment Rate of Return 6.50%
Cost of Living Adjustments 2.00%
Mortality Pre-Retirement: CalPERS Public Agency
Safety Mortality Rates after June 30, 2017.

Post-Retirement: CalPERS Healthy Retiree
Public Agency Safety Mortality Rates after June
30, 2017.

Retirement CalPERS Public Agency Police 3% at Age 50
Retirement rates after June 30, 2017.

Maximum Benefits and
Salary
Salary limits under 401(a)(17) apply. Limit is
assumed to increase 2.75% a year.

Beneficiaries 80% of participants are assumed to have an eligible spouse or domestic partner, with males
three years older than their female partners.

Actuarial Assumptions
Discount Rate
The plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total pension liability is equal to the long-term expected rate of return.

73 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
The best-estimate range for the long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. The capital market assumptions are per actuarial investment consulting practice as of June 30, 2021.

Asset Class Index
Target
Allocation
Long-Term
Expected
Arithmetic
Real Rate of
Return
Long-Term
Expected
Geometric
Real Rate
of Return
US Cash BAML 3-Mon Tbill 0.96% -0.32% -0.32%
US Core Fixed Income Bloomberg Barclays Aggregate 46.51% 1.37% 1.26% US Equity Market Russell 3000 39.28% 5.33% 3.70%
Foreign Developed Equity MSCI EAFE NR 6.82% 6.27% 4.52% Emerging Markets Equity MSCI EM NR 4.62% 8.64% 4.95%
US REITs FTSE NAREIT Equity REIT 1.81% 5.75% 3.57%
Assumed Inflation - Mean 2.30% 2.30%
Assumed Inflation - Standard Deviation 1.16% 1.16%
Portfolio Real Mean Return 3.66% 3.17%
Portfolio Nominal Mean Return 5.96% 5.54%
Portfolio Standard Deviation 9.36%
Long-Term Expected Rate of Return 6.50%
A blended discount rate is generally required to be used to measure the Total Pension Liability (the Actuarial Accrued Liability calculated using the Individual Entry Age Normal Cost Method). The long-term expected return on plan investments may be used to discount liabilities to the extent that the plan’s Fiduciary Net Position (fair market value of assets) is projected to cover benefit payments and administrative expenses. A 20-year high quality (AA/Aa or higher) municipal bond rate must be used for periods where the Fiduciary Net Position is not projected to cover benefit payments and administrative expenses. Determining the discount rate will often require that the actuary perform complex projects of future benefit payments and asset values. Alternative evaluations of projected solvency are allowed, if such evaluation can reliability be made.

74 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Pension Plan Fiduciary Net Position
The following table shows the changes in net pension liability recognized over the measurement period.

Total Pension
Liability
(a)
Plan Fiduciary Net
Position
(b)
Net Pension
Liability/(Assets)
(c)=(a)-(b)
Balance as of June 30, 2020 1,984,953 $ 1,670,996 $ 313,957 $ Changes for the year:

Service Cost 48,599 - 48,599
Interest 129,923 - 129,923
Effect of economic/demographics
gains and losses 277,556 - 277,556
Benefit Payments (70,581) (70,581) -
Employer Contributions - 124,410 (124,410)
Net Investment Income - 372,140 (372,140)
Administrative Expenses - (7,757) 7,757
Balance as of June 30, 2021 2,370,450 $ 2,089,208 $ 281,242 $ Increase (Decrease)
Recognition of Gains and Losses
Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs.

The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

The amortization period differs depending on the source of the gain or loss:

Difference between projected and actual
earnings
5 year straight-line amortization
All other amounts Straight-line amortization over the
average expected remaining service
lives of all active and inactive
members.
75 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
As of the start of the measurement period, July 1, 2020, the net pension liability was $313,957. For the measurement period ending June 30, 2021, the City of Emeryville incurred a pension expense of $(20,352) for the Plan. As of the measurement date, June 30, 2021, the net pension liability was $281,242.

As of June 30, 2021, the City of Emeryville has deferred outflows and deferred inflows of resources related to this pension plan as follows:

Deferred Deferred
Outflows of Inflows of
Resources Resources
Difference between expected and actual experience 301,115 $ 162,110 $ Net difference between projected and actual earnings of pension plan investments - 175,381
Changes of Assumptions 63,227 127,086
Total $ 464,577 364,342 $
Amounts reported as deferred outflows or deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended
June 30,
2022 (39,147) $
2023 (41,713)
2024 (41,816)
2025 (41,328)
2026 27,569
Thereafter 36,200
Total (100,235) $
Deferred Outflows
(Inflows) of
Resources

76 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City of Emeryville, calculated using the discount rate of 6.50%, as well as what the Plan’s net pension liability would be if it were calculated using a discount rate that is 1 percentage point lower (5.50%) or 1 percentage point higher (7.50%) than the current rate.

Discount Rate Current Discount Rate
- 1% Discount Rate + 1%
(5.50%) (6.50%) (7.50%)
Total Pension Liability $ 2,763,421 $ 2,370,450 $ 2,053,294 Fiduciary Net Position 2,089,208 2,089,208 2,089,208
Net Pension Liability (Asset) 674,213 $ $ 281,242 $ (35,914) Subsequent Event – Reduction of CalPERS Discount Rate
In July 2021, CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. Under the Funding Risk Mitigation Policy, approved by the CalPERS Board of Administration in 2015, the 21.3% net return will trigger a reduction in the discount rate used to calculate employer and Public Employees' Pension Reform Act (PEPRA) member contributions. The Funding Risk Mitigation Policy seeks to reduce CalPERS funding risk over time, in which CalPERS investment performance that significantly outperforms the discount rate will trigger adjustments to the discount rate, expected investment return, and strategic asset allocation targets. This is the first time it has been triggered. The discount rate, or assumed rate of return, will drop to 6.8%, from its current level of 7%.

Based on these preliminary fiscal year returns, the CalPERS has announced the funded status of the overall Public Employees Retirement Fund (PERF) is an estimated 82%. This estimate is based on a 7% discount rate. Under the new 6.8% discount rate, however, CalPERS indicated the funded status of the overall PERF drops to 80%. This is because existing assets are assumed to grow at a slightly slower rate annually into the future. As intended under the Funding Risk Mitigation Policy, the lower discount rate increases the likelihood that CalPERS can reach its target over the longer term. The CalPERS Board of Administration will continue to review the discount rate through its Asset Liability Management process during the rest of the calendar year.

CalPERS' final fiscal year 2021 investment performance will be calculated based on audited figures and will be reflected in contribution levels for contracting cities, counties, and special districts in fiscal year 2024.

77 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 10 – DEFERRED COMPENSATION PLAN
City employees may defer a portion of their compensation under a City sponsored Deferred Compensation Plan created in accordance with Internal Revenue Code Section 457 and 401(a). Under these plans, participants are not taxed on the deferred portion of their compensation until distributed to them; distributions may be made only at termination, retirement, death or in certain hardships as defined by the plan. Effective July 1, 2019, the City contributes $25 per month to the 457 deferred compensation accounts of eligible employees in the Management of Emeryville Services Authority (MESA) and Emeryville Association of Confidential, Administrative, Managerial, and Professional Employees (CAMP).

The laws governing deferred compensation plan assets require plan assets to be held by a Trust for the exclusive benefit of plan participants and their beneficiaries. Since the assets held under these plans are not the City’s property and are not subject to City control, they have been excluded from these financial statements.

NOTE 11 – POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) Plan Description
The City has established a Retiree Healthcare Plan (HC Plan), an agent multiple-employer defined benefit retiree healthcare plan. The City has established a qualified OPEB trust with the California Government Voluntary Employee Beneficiary Association (VEBA) to perform post-retirement medical reimbursement. Currently, the City funds retiree healthcare benefits on a pay-as-you-go basis and sets aside additional amounts in the trust as they become available.

Employees Covered
As of the June 30, 2020 actuarial valuation, the following current and former employees were covered by the benefit terms under the HC Plan:

Active employees 132
Inactive employees or beneficiaries currently receiving benefits 106 Totals 238
Contributions
The HC Plan and its contribution requirements are established by Memoranda of Understanding with the applicable employee bargaining units and may be amended by agreements between the City and the bargaining units. The annual contribution is based on the actuarially determined contribution. For the measurement date ended June 30, 2020, the City’s contributions were $365,205 in total payments, which were recognized as a reduction to the OPEB liability. 78 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 11 – POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) (Continued) Net OPEB Liability
The City’s net OPEB liability was measured as of June 30, 2020 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2020 that was used to determine the June 30, 2021 total OPEB liability, based on the following actuarial methods and assumptions.

Valuation date June 30, 2020
Measurement date June 30, 2020
Actuarial funding method
Asset Valuation Method
Actuarial assumptions:

Discount rate 2.56%
Inflation 2.75%
Payroll growth 3.0%
Salary increases
Long-term expected return on
assets

4.25%
Mortality Rate (1)
Pre-Retirement Turnover (2)
Entry age normal cost, level percent of pay
Market value of assets
Derived using CalPERS' 1997-2015 Experience Study
Derived using CalPERS' 1997-2015 Experience Study

3.00% per year, used only to allocate cost of benefits
between service years
Notes:
(1) Pre-retirement mortality probability based on 2017 CalPERS 1997 to 2015 Experience Study covering CalPERS participants. Post-retirement mortality probability based on CalPERS Experience Study 2007 to 2011 covering participants in CalPERS.
(2) The pre-retirement turnover information was developed based on CalPERS’ specific data. For more details, please refer to the 1997 to 2015 Experience Study Report. The Experience Study Report may be accessed on the CalPERS website www.calpers.ca.gov under Forms and Publications. 79 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 11 – POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) (Continued) The long-term expected rate of return on OPEB plan investments was determined using a buildingblock method in which expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Asset Class
MetLife Allocation
California Government
VEBA Expected real rate of return
Domestic Fixed Income 62.00% 1.47%
Foreign Fixed Income 28.00% 1.63%
Equities 2.00% 4.82%
REITs 3.00% 3.04%
Cash 5.00% 0.06%
Total 100.00%
Assumed long-term rate of inflation 2.75%
Expected long-term net rate of return 4.25%
Discount Rate
The discount rate used to measure the total OPEB liability was 2.56 percent. The projection of cash flows used to determine the discount rate assumed that City contributions will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.
80 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 11 – POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) (Continued) Changes in the OPEB Liability
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB Liability
(Asset)
Balance at June 30, 2020 (2019 Measurement Date) $ 9,100,401 $ 2,383,980 $ 6,716,421 Change in the year:

Service Cost 547,252 - 547,252
Interest on total OPEB liability 340,517 - 340,517
Changes in benefit terms - - -
Actual vs. expected experience (205,089) - (205,089)
Expected investment income - - -
Changes in assumptions 280,736 - 280,736
Plan to plan resource movement - - -
Contribution-employer - 365,205 (365,205)
Contribution-employee - - -
Net investment income - 69,156 (69,156)
Administrative Expenses - (32,563) 32,563
Benefit payments, including refunds of employee
contributions (430,059) (430,059) -
Net changes 533,357 (28,261) 561,618
Balance at June 30, 2021 (2020 Measurement Date) $ 9,633,758 $ 2,355,719 $ 7,278,039 Increase (Decrease)
Changes in Assumptions
In 2020, the discount rate was reduced from 3.61% to 2.56%.

Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability of the City if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2020:
1% Decrease
(1.56% )
Current Discount
Rate (2.56% )
1% Increase
(3.56% )
Net OPEB Liability 8,749,554 $ 7,278,039 $ 6,092,269 $
Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the net OPEB liability of the City if it were calculated using health care cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2020:
1% Decrease
Current Healthcare
Cost Trent Rates 1% Increase
Net OPEB Liability 6,246,601 $ 7,278,039 $ 8,687,058 $
81 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 11 – POST-EMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPEB) (Continued) OPEB Plan Fiduciary Net Position
VEBA does not issue financial statements, however MetLife has financial reports. VEBA contracts with The Brentwood Companies to oversee the transactions. The Brentwood Companies are located at 5999 B Ridge View Street, Camarillo, California 93012.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the fiscal year ended June 30, 2021, the City recognized OPEB expense of $1,165,893. As of the fiscal year ended June 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Outflows of
Resources
Deferred Inflows of
Resources
OPEB contributions subsequent to measurement date 388,037 $ - $ Changes of assumptions 1,276,861 -
Differences between expected and actual experience - 218,478 Net difference between projected and actual earnings on OPEB plan investments - 63,012
Total $ 218,478 1,727,910 $
The $388,037 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2020 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ending June 30, 2022. Other amounts reported as deferred outflows or deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:

Year Ended
June 30,
Deferred Outflows
of Resources
2022 $281,008
2023 281,008
2024 270,723
2025 226,026
2026 54,729
Thereafter 7,901
Total $1,121,395
82 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 12 – RISK MANAGEMENT
The City manages risk by participating in the public entity risk pools described below and by retaining certain risks.

Public entity risk pools are formally organized and separate entities established under the Joint Exercise of Powers Act of the State of California. As separate legal entities, these entities exercise full powers and authorities within the scope of the related Joint Powers Agreements, including the preparation of annual budgets, accountability for all funds, the power to make and execute contracts and the right to sue and be sued.

Each joint venture is governed by a board consisting of representatives from member municipalities.

Each board controls the operations of the respective joint venture, including selection of management and approval of operating budgets, independent of any influence by member municipalities beyond their representation on that board. Obligations and liabilities of these joint ventures are not the City’s responsibility.

A. Self-Insurance
The City is self-insured for workers’ compensation, general liability, dental, and unemployment claims.

Workers’ compensation claims are self-insured up to $350,000 per occurrence. The operating funds are charged premiums by the City Workers’ Compensation Self-Insurance Fund, which is accounted for as an internal service fund. The accrued liability for estimated claims represents an estimate of ultimate loss on claims, including an estimate of incurred but not reported losses.

General liability claims are self-insured up to $10,000. Outstanding claims are evaluated by the City Attorney for exposure and any anticipated liability is recorded in the Litigation Fund, which is accounted for as an internal service fund.

Dental claims are self-insured up to $1,500 per covered person per year, which is the benefit limit.

The operating funds are charged premiums by the Dental Internal Service Fund, which is accounted for as an internal service fund.

Unemployment claims are fully self-insured by the City. The operating funds are charged premiums by the City Unemployment Fund, which is accounted for as an internal service fund.

B. Risk Pools
The City participates in various insurance coverage pool or to obtain insurance coverage in excess of the City’s self-insured limits.

Bay Cities Joint Powers Insurance Authority (BCJPIA) covers general liability claims in an amount up to $1,000,000. The City has a deductible or uninsured liability of up to $10,000 per claim. Once the City’s deductible is met, BCJPIA becomes responsible for payment of all claims up to the $1,000,000 limit. In addition, the City, through the BCJPIA, has excess coverage with California Affiliated Risk Management Authorities (CARMA) for claims from $1,000,000 to $38,000,000.

83 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 12 – RISK MANAGEMENT (Continued)
The City also participates in the BCJPIA Workers’ Compensation Group. BCJPIA covers workers’ compensation claims in excess of $350,000 up to $1,000,000 (the City has a deductible or uninsured liability of up to $350,000 per claim). BCJPIA Workers’ Compensation Group participates in the Local Agency Workers’ Compensation Excess Insurance Joint Powers Authority (LAWCX).

LAWCX covers workers’ compensation claims from $1,000,000 to the statutory limit.

Employment practices liability coverage is also obtained through participation in BCJPIA. The coverage is provided by the Employment Risk Management Authority (ERMA). ERMA provides coverage up to $1,000,000 per occurrence, for claims in excess of the City’s deductible of $50,000.

The City’s contributions with each risk pool is based upon its experience, plus a ratio of the City’s payroll and other related factors to the total payrolls and other related factors of all entities participating in the same layer of each program, for each program year. Actual surpluses or losses are shared according to a formula developed from overall loss costs and spread to member entities on a percentage basis after a retrospective rating.

Financial statements for BCJPIA and LAWCX may be obtained from Bickmore & Associates, 1750 Creekside Oaks Drive, Suite 200, Sacramento, California 95833.

C. Liability for Uninsured Claims
The City provides for the uninsured portion of claims and judgments in the Workers’ Compensation Self-Insurance and Litigation Internal Service Funds. Claims and judgments, including a provision for claims incurred but not reported, are recorded when a loss is deemed probable of assertion and the amount of the loss is reasonably determinable. As discussed above, the City has coverage for such claims, but it has retained the risk for the deductible or uninsured portion of these claims. Settlements have not exceeded coverage for each of the past three fiscal years.

The City’s liability for uninsured claims is limited to workers’ compensation and general liability claims, as discussed above, and was estimated by management based on prior years’ claims experience as of June 30, 2021, and 2020:

Workers' General
Compensation Liability Total Total
Claims Cliams 2021 2020
Beginning balance 3,505,000 $ 58,802 $ 3,563,802 $ 3,937,992 $ Liability for current fiscal year claims 937,623 57,878 995,501 404,484 Change in liability for prior fiscal year claims and
claims incurred but not reported (IBNR) (506,193) 103,224 (402,969) - Claims paid (598,430) (161,173) (759,603) (778,674)
Ending balance 3,338,000 $ 58,731 $ 3,396,731 $ 3,563,802 $ Current portion 724,497 $ 16,873 $ 741,370 $ 751,530 $
84 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 13 – COMMITMENTS AND CONTINGENCIES
A. General
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney, there is pending litigations that are reasonably possible to have a material adverse effect on the financial position of the City.

The City participates in several federal and state grant programs. These programs have been audited by the City’s independent accountants in accordance with the provisions of the federal Single Audit Act Amendments of 1986 and applicable state requirements. No cost disallowances were proposed as a result of these audits; however, these programs are still subject to further examination by the grantors, and the amount, if any, of expenditures, which may be disallowed by the granting agencies, cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY
As of January 31, 2012, the Emeryville Redevelopment Agency has been dissolved and the City of Emeryville as the Successor Agency is responsible for winding down the remaining activities of the dissolved Redevelopment Agency.

The City of Emeryville as Successor Agency to the former Emeryville Redevelopment Agency was created January 17, 2012, as outlined in Assembly Bill 1X 26 (the Bill) which provides the requirements for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of Emeryville that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.

After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments.

Subject to the control of an oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.

A. Cash and Investments
Cash and investments reported in the accompanying financial statements consisted of the following:

Cash and investments $ 7,545,733
Restricted cash and investments with fiscal agents 9,747,097 Total $ 17,292,830

85 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
B. Transfers In/Out
The 2014A Debt Service Private-Purpose Trust Fund and 2014B Debt Service Private-Purpose Trust Fund received $9,768,000 and $1,351,247 from the RDA Retirement Private-Purpose Trust Fund, respectively, for support of debt service payments.

C. Loans Receivable
The former Redevelopment Agency had engaged in programs designed to encourage construction or improvement in low-to-moderate income housing or other projects. Under these programs, grants or loans are provided under favorable terms to homeowners or developers who agree to spend these funds in accordance with the former Redevelopment Agency’s terms.

Notes and loans receivable are reported in the accompanying financial statements as of June 30, 2021, as follows:

Successor Agency of the Former RDA
Homeowner's Association Assessment $ 6,579
Bayfront Industrial Center
Business Development 7,996
Emeryville Town Center (Bay Street) 11,094,000
Emery Unified School District 1,096,934
Avalon Commercial LLC 1,056,060
Total Notes and Loans Receivables $ 13,261,569

1. Homeowner’s Association Assessment Loan Program
In February 2009, the former Redevelopment Agency provided loans to owners of Below Market Rate (BMR) units and market rate units in the Oliver Lofts development. Loans to owners of market rate units are secured by trust deeds bear interest at 3.7% and are fully amortized over 20 years. Loans to BMR unit owners are partially or fully unsecured and may be deferred payment loans to meet debt-to-income ratio requirements. Deferred loans will be reassessed every five years and converted to amortized loans based on owners’ ability to make payments. The BMR loans bear interest at 3.7% and are due in 20 years, with the exception that the deferred loans bear interest at a simple interest rate.

2. Business Development
The former Redevelopment Agency made loans to local business developers within the 1976 and Shellmound Project Areas. These loans were made for the purpose of making property improvements to the businesses. The interest rate on these loans is 3.0%, and they are secured by deeds of trusts or equipment and have monthly payments, including interest. 86 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)

3. Emeryville Town Center (Bay Street)
The former Redevelopment Agency assembled a 20-acre site in the Bay Street area, demolished existing improvements and cleaned toxic contaminants. An agreement with Madison-Marquette (Bay Street Partners, LLC), the developer, provided for the redevelopment of the property as a mixed-use project consisting of 400,000 square feet of retail space, 350 residential units and a 250-room hotel.

As part of this agreement, during fiscal year ended June 30, 2001, the former Redevelopment Agency sold the property for $25,500,000. The developer paid $1,800,000 to the former Redevelopment Agency and executed a promissory note to the former Redevelopment Agency in the amount of $23,700,000 secured by an option agreement under which the former Redevelopment Agency may purchase the retail parking parcel and structure from the developer for $1. A $3,300,000 receivable was due the earlier of December 31, 2002, or upon the issuance of a certificate of occupancy for the first tenant. The remaining principal and interest are due annually commencing the tenth year of the Bay Street operations with the final payment due in the 25th year of operation. In fiscal year 2003, $3,300,000 was received and in fiscal year 2011, $1,056,000 was forgiven in lieu of the developer paying for remediation costs on the property.

4. Emery Unified School District
On March 25, 2008, the former Redevelopment Agency made a facilities loan of $2,836,648 to the Emery Unified School District (EUSD). The facilities loan will be used by EUSD to provide supplemental funding of project costs for a two-story modular classroom for Anna Yates Elementary School and the replacement of the playing field and the renovation of the Industrial Arts building at Emery Secondary School. The loan has an interest rate of 4.577333% and is amortized over 16 years with repayment made semi-annually effective December 31, 2008, from EUSD’s share of AB 1290 pass through payments that would otherwise be available for educational facilities.

5. Avalon Commercial LLC
On December 4, 1998, the former Redevelopment Agency loaned the developer of the Avalon Commercial Project $475,000 to cover development costs associated with the commercial space of the project. An additional loan of $55,000 was made on May 25, 2005 to cover development cost overruns. The interest rates are 7% and 3% respectively, secured by a deed of trust on the property. Payments of principal and interest are to be made from residual cash flow as defined in the promissory note with the full amount of outstanding principal and interest due the earliest of 55 years from the date of the note, when the property is sold or refinanced, or in the event of default on the loan agreement.

87 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
D. Development Agreements
The former Redevelopment Agency had entered into a variety of development agreements with third parties to provide needed improvements and projects. Activities under agreements that are completed or for which there are continuing commitments are disclosed below. The Agency had other agreements that entitled it to collect certain loans or notes receivables, which are disclosed above.

These agreements were transferred to the Successor Agency upon dissolution of the former redevelopment agency.

1. Emeryville Bay Street
The developer has acquired parcels from the former Redevelopment Agency for use as a site for the Emeryville Town Center (Bay Street) in exchange for a note receivable due to the former Redevelopment Agency, which is disclosed in Note 14.c.3 above.

E. Capital Assets
The Successor Agency of the Former Redevelopment Agency capital asset activity for the year ending June 30, 2021, is as follows:

Balance at Balance at
June 30, 2020 Additions June 30, 2021
Capital assets not being depreciated:

Construction in progress $ 11,333,991 $ - $ 11,333,991
Total Capital Assets Not
Being Depreciated 11,333,991 - 11,333,991
Capital assets being depreciated:

Buildings and improvements 577,890 - 577,890
Total Capital Assets
Being Depreciated 577,890 - 577,890
Less accumulated depreciation for:

Buildings and improvements 577,890 - 577,890
Total Accumulated Depreciation 577,890 - 577,890
Net Capital Assets
Being Depreciated - - -
Successor Agency of the former
RDA Capital Assets, Net $ 11,333,991 $ - $ 11,333,991
88 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
F. Long-Term Debt
A description of long-term debt outstanding of the Successor Agency as of June 30, 2021, is as follows:

Balance at Balance at Current
Successor Agency of the former RDA June 30, 2020 Retirements June 30, 2021 Portion Public Offering Bonds:

Tax Allocation Refunding
Bonds, Series 2014A $ 67,245,000 $ 6,425,000 $ 60,820,000 $ 6,745,000 Tax Allocation Refunding
Bonds, Series 2014B 9,730,000 965,000 8,765,000 995,000 Total Bonds 76,975,000 7,390,000 69,585,000 7,740,000
Unamortized Bond Premium/(Discount)
Tax Allocation Refunding
Bonds, Series 2014A 11,036,262 761,122 10,275,140 -
Tax Allocation Refunding
Bonds, Series 2014B (63,092) (5,486) (57,606) -
Total Unamortized Bond
Premium/(Discount) 10,973,170 755,636 10,217,534 -
Total Successor Agency of the
Former RDA Long-Term Liabilities 87,948,170 $ $ 8,145,636 $ 79,802,534 $ 7,740,000

1. Tax Allocation Refunding Bonds Series 2014A
On July 24, 2014, the Successor Agency to the Emeryville Redevelopment Agency issued $95,450,000 of Tax Allocation Refunding Bonds. Proceeds from the issuance were used to refund the following Public Financing Authority Revenue Bonds: Series 1995, Series 1998B, Series 2001A, Series 2002, and Series 2004. Interest on the Bonds is payable on March 1 and September 1 of each year and the interest rate ranges from 2.0% to 5.0%. The Bonds mature starting September 1, 2015 and end on September 1, 2034. The bonds are secured by a pledge of tax increment funds distributed by the Redevelopment Property Tax Trust Fund (RTTPF). The outstanding balance from this public offering contains a provision stating that if an event of default has occurred and is continuing, the trustee may declare the principal of the Bonds, together with the accrued interest thereon, to be due and payable immediately, and upon any such declaration the same shall become immediately due and payable, anything in the Indenture or in the Bonds to the contrary notwithstanding. In addition, the Trustee shall exercise any other remedies available to the trustee in law or at equity.

89 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2021, including interest, are as follows:

Principal Interest
2022 $ 6,745,000 $ 2,854,375
2023 7,075,000 2,508,875
2024 7,435,000 2,146,125
2025 7,815,000 1,764,875
2026 8,180,000 1,365,000
2027-2031 14,840,000 3,406,500
2032-2035 8,730,000 925,500
$ 60,820,000 $ 14,971,250
Tax Allocation Refunding Bonds
Series 2014A

2. Tax Allocation Refunding Bonds Series 2014B
On July 24, 2014, the Successor Agency to the Emeryville Redevelopment Agency issued $14,270,000 of Tax Allocation Refunding Bonds. Proceeds from the issuance were used to refund the Public Financing Authority Revenue Bonds, Series 1998C and Series 2001B. Interest on the Bonds is payable on March 1 and September 1 of each year and the interest rate grows from 0.70% to 4.625%. The Bonds mature starting September 1, 2015 and end on September 1, 2031. The bonds are secured by housing set aside funds also issued by the RTTPF. The outstanding balance from this public offering contains a provision stating that if an event of default has occurred and is continuing, the trustee may declare the principal of the Bonds, together with the accrued interest thereon, to be due and payable immediately, and upon any such declaration the same shall become immediately due and payable, anything in the Indenture or in the Bonds to the contrary notwithstanding. In addition, the Trustee shall exercise any other remedies available to the trustee in law or at equity.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2021, including interest, are as follows:

Principal Interest
2022 $ 995,000 $ 339,331
2023 1,030,000 303,361
2024 1,065,000 263,272
2025 1,105,000 219,310
2026 1,170,000 172,982
2027-2031 3,105,000 261,525
2032 295,000 6,828
$ 8,765,000 $ 1,566,609
Tax Allocation Refunding Bonds
Series 2014B
90 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
G. Pollution Remediation Obligations
The City follows the guidance of GASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, establishing accounting and financial reporting standards for pollution (including contamination) remediation obligations, which are obligations to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities such as site assessments and cleanups.

The former Emeryville Redevelopment Agency acquired properties which were determined to have soil and groundwater contamination. These sites include the Corporation Yard, Bay Street-Site A, and Bay Street-Site B. The former Emeryville Redevelopment Agency is responsible for the investigation, characterization and remediation of the soil and groundwater from the contamination at these sites. In accordance with the Dissolution Act, these obligations are now the responsibility of the Successor Agency to the Emeryville Redevelopment Agency. Remediation costs are covered by Redevelopment Property Tax Trust Fund (“RPTTF”) revenues distributed by Alameda County to the Successor Agency for expenditure on its obligations with approval from the California Department of Finance.

Using the expected outflows technique, the Successor Agency has measured the liabilities based on the pollution remediation outlays expected to be incurred to settle those liabilities.

In fiscal year 2015-16, the Department of Toxic Substances Control (“DTSC”) directed the Successor Agency to conduct additional testing at the Corporation Yard site to further define the vertical and lateral extent of contamination in groundwater. The evaluation concluded that a more comprehensive remedial alternative is required to clean up the contamination. The estimated cost to remediate the Corporation Yard was estimated in 2017 to be approximately $45,100,000, which is in addition to the costs to investigate, evaluate and obtain approval of the remedial action plan by the DTSC. For the 2020-21 ROPS (Recognized Obligation Payment Schedule) period, the California Department of Finance (“DOF”) denied funding in the amount of $2,995,000 for investigation and remediation of the Corporation Yard site, upon determination that remediation of the site is not an enforceable obligation of the former Redevelopment Agency. On May 19, 2019, the City and Successor Agency filed suit challenging the DOF’s determination and denial of remediation funding. The litigation was settled in August 2021 with the determination that the site remediation costs are an enforceable obligation of the former Redevelopment Agency due to the Imminent and Substantial Endangerment Order dated August 13, 2020 (“ISE Order”), issued by DTSC to compel remediation of the site.

Pursuant to the ISE Order, an updated remedial action plan reflecting updated cost estimates will be prepared and submitted to the DOF.

The estimated remaining outstanding cost to complete the clean-up of the Corporation Yard and Bay Street – Site B and conduct on-going groundwater monitoring at Bay Street – Site A, is estimated at $60,393,500 as of June 30, 2021. Of the total clean-up costs, $57,301,000 for the Corporation Yard and $2,475,000 for Bay Street-Site B have been determined to be capitalizable because remediation outlays are necessary to place these assets into their intended location and condition for use.

Therefore, these amounts are not reported on the face of the financial statements. 91 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
H. Pledged Revenue
As previously discussed, the former Redevelopment Agency pledged, as security for bonds issued, either directly or through the Financing Authority, a portion of tax increment revenue (including Low and Moderate Income Housing set-aside and pass through allocations) that it receives directly from the RTTPF. The bonds issued were to provide financing for various capital projects, accomplish Low and Moderate Income Housing projects and to defease previously issued bonds. Assembly Bill 1X 26 provided that upon dissolution of the Agency, property taxes allocated to redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency. Total principal and interest remaining on the debt is $86,122,859 with annual debt service requirements as indicated above. For the current year, the total property tax revenue recognized by the Successor Agency for the payment of indebtedness incurred by the dissolved redevelopment agency was $14,330,220 and the debt service obligation on the bonds was $10,944,588.

I. Housing Revenue Bonds Without Commission Commitment
On August 15, 1996, the former Redevelopment Agency assisted in the issuance of $16,470,000 in Revenue Bonds for the purpose of providing funds to make a loan to East Bay Bridge Partners to provide permanent financing for a multifamily rental housing project known as the East Bay Bridge Project. Principal and interest on the bonds are payable semi-annually on March 1 and September 1 of each year commencing March 1, 1998. The Commission has no legal or moral commitment for the repayment of these bonds.

On October 9, 2002, the former Redevelopment Agency assisted in the issuance of $66,715,000 in Multifamily Housing Refunding Revenue Bonds, Series 2002A for the purpose of providing funds to make a loan to Bay Street Housing Partners to provide financing for the acquisition and construction of a multifamily residential project known as Bay Street Apartments. Interest on the bonds is payable on the 15th day of each month commencing October 15, 2002. The bonds are due October 15, 2042.

The former Redevelopment Agency has no legal or moral commitment for the repayment of these bonds.

The former Redevelopment Agency assisted in the issuance of $21,000,000 in Multifamily Housing Refunding Revenue Bonds, Series 2005A for the purpose of providing funds to make a loan to Bay Street Partners to provide additional financing for the construction of a multifamily residential project know as Bay Street Apartments. This was done in December 2005 and these bonds provided additional financing to the previously issued Multifamily Housing Refunding Revenue Bonds, Series 2002A. Due to cost overruns in connection with the project, the Borrower requested that the former Redevelopment Agency sell the additional bonds. The former Redevelopment Agency has no legal or moral commitment for the repayment of these bonds.

J. Insurance
The Successor Agency is covered under the City of Emeryville’s insurance policies. Therefore, the limitation and self-insured retentions applicable to the City also apply to the Successor Agency.

Additional information as to coverage and self-insured retentions can be found in Note 12.

92 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
NOTE 14 – SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY (Continued)
K. Commitments and Contingencies
At June 30, 2021, the Successor Agency was involved in litigation against the former owners of the Corporation Yard site. The litigation addresses environmental cost recovery action for contamination cleanup costs.
93 CITY OF EMERYVILLE

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Budget Amounts Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 52,997,216 $ 52,997,216 $ 52,997,216 $ - Resources (Inflows)
Taxes 38,973,300 26,102,200 29,228,754 3,126,554
Licenses and permits 2,617,300 3,795,946 6,303,737 2,507,791 Intergovernmental 1,538,000 1,620,400 1,823,607 203,207 Charges for services 1,855,500 590,621 456,040 (134,581) Investment income 50,000 (53,416) 1,181,450 1,234,866
Rental income 558,200 281,000 317,441 36,441
Contributions 270,000 270,042 331,814 61,772
Miscellaneous 502,000 679,161 921,617 242,456
Transfers in 276,800 7,331,958 2,331,958 (5,000,000)
Amounts Available for Appropriations 99,638,316 93,615,128 95,893,634 2,278,506 Charges to Appropriation (Outflows)
City council 208,900 199,700 185,331 14,369
City manager 1,119,400 1,071,545 999,183 72,362
City attorney 631,900 648,427 491,405 157,022
Finance 1,253,600 1,262,050 982,305 279,745
Human resources 809,300 775,110 681,387 93,723
Information technology 782,900 791,547 776,702 14,845
General government - non-departmental operations 4,244,059 2,831,779 2,209,252 622,527 Police 14,430,400 14,283,331 13,705,489 577,842
Fire 9,523,500 9,405,360 9,210,493 194,867
Planning and building 2,631,700 2,913,343 3,166,549 (253,206) Economic development and housing 1,123,700 825,700 768,888 56,812 Community services 683,500 539,510 525,229 14,281
Youth services 2,023,400 1,339,016 1,148,805 190,211
Adult services 858,801 687,015 498,505 188,510
Public works 4,153,400 3,610,838 3,816,143 (205,305)
Capital outlay 53,000 - 2,078 (2,078)
Transfers (out) 2,131,622 2,425,413 2,425,896 (483)
Total Charges to Appropriations 46,663,082 43,609,684 41,593,640 2,016,044 Fund Balance, June 30 $ 52,975,234 $ 50,005,444 $ 54,299,994 $ 4,294,550 94 CITY OF EMERYVILLE

OTHER GRANTS SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 1,974,455 $ 1,974,455 $ 1,974,455 $ - Resources (Inflows)
Intergovernmental 6,265,000 6,643,903 2,128,367 (4,515,536) Investment income - - 17,917 17,917
Transfers in - - 164 164
Amounts Available for Appropriations 8,618,358 8,239,455 4,120,903 (4,497,455) Charges to Appropriation (Outflows)
Police 15,000 207,822 50,180 157,642
Economic development and housing 4,000 (4,000)
Adult services 50,000 50,000 50,000 -
Capital outlay 9,338,747 2,182,160 7,156,587 6,200,000
Total Charges to Appropriations 6,265,000 9,596,569 2,286,340 7,310,229 Fund Balance, June 30 $ (978,211) 1,974,455 $ 1,834,563 $ 2,812,774 $ Budget Amounts
95 Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 22,798,164 $ 22,798,164 $ 22,798,164 $ - Resources (Inflows)
Charges for services - - 44,163 44,163
Investment income - 273,097 - 273,097
Miscellaneous 109,644 109,644 547,297 437,653
Amounts Available for Appropriations 22,907,808 22,907,808 23,662,721 754,913 Charges to Appropriation (Outflows)
Economic development and housing 1,535,100 35,100 605,709 929,391 Total Charges to Appropriations 35,100 1,535,100 605,709 929,391 Fund Balance, June 30 $ 22,872,708 $ 21,372,708 $ 23,057,012 $ 1,684,304 Budget Amounts

CITY OF EMERYVILLE

HOUSING ASSETS SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2021
96 Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 674,805 $ 674,805 $ 674,805 $ - Resources (Inflows)
Taxes 3,799,370 4,258,000 4,102,550 (155,450)
Investment income - - 6,658 6,658
Transfers in 533,900 556,368 556,327 (41)
Amounts Available for Appropriations 5,008,075 5,489,173 5,340,340 (148,833) Charges to Appropriation (Outflows)
City council 17,600 17,600 17,600 -
Property based improvement district 4,378,100 4,378,100 4,687,374 (309,274) Total Charges to Appropriations 4,395,700 4,395,700 4,704,974 (309,274) Fund Balance, June 30 $ 1,093,473 612,375 $ 635,366 $ (458,107) $ Budget Amounts

CITY OF EMERYVILLE

PROPERTY BASED IMPROVEMENT DISTRICT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2021
97 CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY –

MISCELLANEOUS PLAN
COST SHARING – EMPLOYER DEFINED BENEFIT PENSION PLAN
LAST TEN YEARS (1)
Measurement Date June 30 2020 2019 2018 2017 2016 2015 2014 Plan's Proportion of the Net Pension Liability 0.36372% 0.13257% 0.12092% 0.11846% 0.10969% 0.08757% 0.08955% Plan's Proportionate Share of the Net Pension Liability $ 15,341,913 $ 13,584,578 $ 11,652,402 $ 11,747,763 $ 9,491,366 $ 6,010,619 $ 5,572,106 Plan's Covered Payroll 8,882,221 8,614,042 8,333,650 8,122,643 7,489,145 7,484,785 6,989,367 Plan's Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 172.73% 157.70% 139.82% 144.63% 126.73% 80.30% 79.72% The Pension Plan's (PERF-C) Fiduciary Net Position as a Percentage of the Total Pension Liability 78.04% 75.26% 75.26% 73.31% 74.06% 78.40% 79.82% Notes to Schedule:

Benefit Changes:

There were no changes to benefit terms. However, the figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes of Assumptions:

In 2019 and 2020, there were no changes. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the accounting dicsount reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of adminstrative expense) to 7.65 percent (without a reduction for pension plan adminstrative expense). In 2014, amount reported were based on the 7.5 percent discount rate. (1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown. 98 CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY –

SAFETY PLAN
COST SHARING – EMPLOYER DEFINED BENEFIT PENSION PLAN
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
Measurement Date June 30 2020 2019 2018 2017 2016 2015 2014 Plan's Proportion of the Net Pension Liability 0.49710% 0.31524% 0.29242% 0.51479% 0.44882% 0.35246% 0.30886% Plan's Proportionate Share of the Net Pension Liability $ 33,118,423 $ 30,377,824 $ 28,178,105 $ 32,032,873 $ 27,927,528 $ 21,931,706 $ 19,218,805 Plan's Covered Payroll 5,390,900 5,522,414 5,396,885 5,077,077 4,641,902 4,249,620 4,200,740 Plan's Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 614.34% 550.08% 522.12% 630.93% 601.64% 516.09% 457.51% The Pension Plan's (PERF-C) Fiduciary Net Position as a Percentage of the Total Pension Liability 73.36% 75.26% 75.26% 73.31% 74.06% 78.40% 79.82% Notes to Schedule:

Benefit Changes:

There were no changes to benefit terms. However, the figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes of Assumptions:

In 2019 and 2020, there were no changes. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the accounting dicsount reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of adminstrative expense) to 7.65 percent (without a reduction for pension plan adminstrative expense). In 2014, amount reported were based on the 7.5 percent discount rate. (1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown. 99 CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS –

EMERYVILLE POLICE OFFICERS ASSOCIATION RETIREMENT ENHANCEMENT PLAN

AGENT MULTIPLE-EMPLOYER DEFINED BENEFIT PENSION PLAN
LAST TEN YEARS (1)
Measurement Date June 30 2021 2020 2019 2018 2017 2016

TOTAL PENSION LIABILITY
Service Cost $ 48,599 $ 52,616 $ 70,230 $ 68,184 $ 67,969 $ 65,989 Interest on Total Pension Liability 129,923 121,264 111,940 126,160 113,800 102,162 Effect of Plan Changes 102,056 - - - - -
Effect of Economic/Demographics Gains or Losses 277,556 - (387,260) - - - Effect of Assumptions Changes or Inputs (203,340) 133,479 - - - - Benefit Payments (70,581) (45,817) (17,754) (6,962) (3,919) (3,842) Net Change in Total Pension Liability 385,497 26,779 297,895 (199,878) 177,850 164,309 Total Pension Liability - Beginning 1,984,953 1,835,539 1,537,644 1,737,522 1,559,672 1,395,363 Total Pension Liability - Ending (a) $ 2,370,450 $ 1,862,318 $ 1,835,539 $ 1,537,644 $ 1,737,522 $ 1,559,672

PLAN FIDUCIARY NET POSITION
Benefit Payments $ (70,581) $ (45,817) $ (17,754) $ (6,962) $ (3,919) $ (3,842) Employer Contributions 124,410 133,865 134,840 181,897 102,789 111,064 Net Investment Income 372,140 91,722 74,533 101,720 58,983 16,626 Administrative Expenses (7,757) (6,465) (6,076) (5,350) (4,246) (3,662) Net Change in Fiduciary Net Position 418,212 173,305 185,543 271,305 153,607 120,186 Plan Fiduciary Net Position - Beginning 1,670,996 1,378,948 1,193,405 922,100 768,493 648,307 Plan Fiduciary Net Position - Ending (b) $ 2,089,208 $ 1,552,253 $ 1,378,948 $ 1,193,405 $ 922,100 $ 768,493 Plan Net Pension Liability/ - Ending (a) - (b) $ 281,242 $ 310,065 $ 456,591 $ 344,239 $ 815,422 $ 791,179 Plan Fiduciary Net Position as a Percentage of the
Total Pension Liability 88.14% 83.35% 75.12% 77.61% 53.07% 49.27% Covered Payroll $ 3,135,581 $ 3,241,206 $ 3,154,458 $ 3,786,204 $ 3,675,926 $ 3,568,860 Plan Net Pension Liability as a Percentage of Covered
Payroll 8.97% 9.57% 14.47% 9.09% 22.18% 22.17%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2016 was the first year of implementation, additional years will be added as they become available in the future.
(2) Net of administrative expenses.

Notes to Schedule:

Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes of Assumptions: In 2021, there were no changes in assumptions. 100

CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PLAN CONTRIBUTIONS – MISCELLANEOUS PLAN
COST SHARING – EMPLOYER DEFINED BENEFIT PENSION PLAN
LAST TEN YEARS (1)
Fiscal Year Ended June 30 2021 2020 2019 2018 2017 2016 2015 Actuary Determined Contribution $ 1,334,665 $ 1,369,757 $ 1,124,374 $ 730,186 $ 715,234 $ 621,417 $ 597,401 Contribution in Relation to the Actuarially Determined Contribution (1,334,665) (1,369,757) (1,124,374) (730,186) (715,234) (687,044) (597,401) Contribution Deficiency (Excess) $ - $ - $ - $ - $ - $ (65,627) $ - Actual Contributions as a Percentage of Actuarial Determined Contributions 100.00% 100.00% 100.00% 100.00% 100.00% 110.56% 100.00% Covered Payroll $ 10,436,301 $ 8,882,221 $ 8,614,042 $ 8,333,650 $ 8,122,643 $ 7,489,145 $ 7,484,785 Contributions as a Percentage of Covered Payroll 12.79% 15.42% 13.05% 8.76% 8.81% 9.17% 7.98% (1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown.

Note to Schedule:

Valuation Date: June 30, 2019
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal
Amortization method/period Level percent payroll/closed Investment Non-Investment Benefit Change
Amortization Period 30 years 30 Years 20 Years 20 Years 5 years Escalation Rate
- Active Plans 2.75% 2.75% 2.75% 2.75% 2.75%
- Inactive Plans 0% 0% 0% 0% 0%
Ramp Up 5 5 5 0 0
Ramp Down 5 5 5 0 0
Asset valuation method Market value
Inflation 2.50%
Payroll growth Varies by Entry Age and Service
Investment rate of return 7.15% (net of pension plan investment and administrative expenses, includes inflation) Retirement age All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.

Mortality The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.

Driver
Source
(Gain)/Loss Assumption/Metho
d Change
Golden
Handshake
101

CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PLAN CONTRIBUTIONS – SAFETY PLAN
COST SHARING – EMPLOYER DEFINED BENEFIT PENSION PLAN
LAST TEN YEARS (1)
Fiscal Year Ended June 30 2021 2020 2019 2018 2017 2016 2015 Actuary Determined Contribution $ 3,508,756 $ 3,030,829 $ 2,658,885 $ 2,307,196 $ 1,523,991 $ 821,621 $ 847,794 Contribution in Relation to the Actuarially Determined Contribution (3,508,756) (3,030,829) (2,658,885) (6,307,196) (2,260,671) (1,823,955) (1,347,875) Contribution Deficiency (Excess) $ - $ - $ (4,000,000) - $ $ (736,680) $ (1,002,334) $ (500,081) Actual Contributions as a Percentage of Actuarial Determined Contribution 100.00% 100.00% 100.00% 273.37% 148.34% 221.99% 158.99% Covered Payroll 6,251,423 $ 5,390,900 $ 5,522,414 $ 5,396,885 $ 5,077,077 $ 4,641,902 $ 4,249,620 $ Contributions as a Percentage of Covered Payroll 56.13% 56.22% 48.15% 116.87% 44.53% 39.29% 31.72% (1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown.

Note to Schedule:

Valuation Date: June 30, 2019
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal
Amortization method/period Level percent payroll/closed Investment Non-Investment Benefit Change
Amortization Period 30 years 30 Years 20 Years 20 Years 5 years Escalation Rate
- Active Plans 2.75% 2.75% 2.75% 2.75% 2.75%
- Inactive Plans 0% 0% 0% 0% 0%
Ramp Up 5 5 5 0 0
Ramp Down 5 5 5 0 0
Asset valuation method
Inflation Market value
Payroll growth 2.50%
Investment rate of return Varies by Entry Age and Service Retirement age 7.15% (net of pension plan investment and administrative expenses, includes inflation) All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.

Mortality
The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.

Driver
Source
(Gain)/Loss Assumption/Meth
od Change
Golden
Handshake
102

CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PLAN CONTRIBUTIONS – EMERYVILLE POLICE OFFICERS’

ASSOCIATION RETIREMENT ENHANCEMENT PLAN

AGENT MULTIPLE-EMPLOYER DEFINED BENEFIT PENSION PLAN
LAST TEN YEARS (1)
Fiscal Year Ended June 30 202120202019201820172016
Actuarially Determined Contribution $ 124,410 $ 129,347 $ 133,865 $ 134,840 $ 152,747 $ 158,946 Contribution in Relation to the Actuarially Determined Contribution (136,068) (147,759) (151,057) (151,248) (204,481) (176,393) Contribution Deficiency (Excess) $ (11,658) $ (18,412) $ (17,192) $ (16,408) $ (51,734) $ (17,447) Actual Contributions as a Percentage of Actuarial Determined Contributions 109.37% 114.23% 112.84% 112.17% 133.87% 110.98% Covered Payroll $ 3,135,581 $ 3,241,206 $ 3,154,458 $ 3,786,204 $ 3,675,926 $ 3,568,860 Contributions as a Percentage of Covered Payroll 4.34% 4.56% 4.79% 3.99% 5.56% 4.94% 1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2016 was the first year of implementation, additional years will be added as they become available in the future.

Note to Schedule:

Valuation Date: June 30, 2020
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal
Amortization method Level dollar, closed
Remaining amortization period 15 years 15 years
Assets valuation method None None
Inflation 2.50%
Salary increases Varies by entry age and service Varies by entry age and services Investment rate of return 6.50%
Payroll growth 2.75%
Cost of living adjustments 2.00%
Mortality Pre-Retirement: CalPERS Public Agency Police Mortality rates after June 30, 2017. applicable).

Post-Retirement: CalPERS 1997-2011 Health Retiree Mortality Tables after June 30, 2017.

Withdrawal CalPERS Public Agency Police Terminated Refund plus Terminated Vested rates.

Disability CalPERS Public Agency Police Disability rates.

Retirement age CalPERS Public Agency Police 3% at Age 50 Retirement rates.

Maximum benefits and salary Salary limits under 401(a)(17) apply. Limit is assumed to increase 2.75% a year.

Beneficiaries 80% of participants are assumed to have an eligible spouse or domestic partner, with males three years older than their female partners.
103

CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS

AGENT MULTIPLE-EMPLOYER DEFINED BENEFIT PLAN
LAST TEN YEARS (1)
Measurement Date June 30 2020 2019 2018 2017
Total OPEB Liability
Service cost $ 495,745 547,252 $ 130,287 $ 126,800 $
Interest on the total OPEB liability 340,517 338,652 356,143 348,921 Actual and expected experience difference (205,089) - (78,733) - Changes in assumptions 280,736 369,238 1,391,116 -
Benefit payments (430,059) (449,192) (342,960) (467,946) Net change in total OPEB liability 533,357 754,443 1,455,853 7,775 Total OPEB liability - beginning 9,100,401 8,345,958 6,890,105 6,882,330 Total OPEB liability - ending (a) 9,633,758 9,100,401 8,345,958 6,890,105 Plan Fiduciary Net Position
Contribution - employer 365,205 381,084 266,889 368,550 Net investment income 69,156 70,036 73,206 78,423
Benefit payments (430,059) (449,192) (342,960) (467,946) Administrative expense (32,563) (32,209) (32,172) (18,535) Net change in plan fiduciary net position (28,261) (30,281) (35,037) (39,508) Plan fiduciary net position - beginning 2,383,980 2,414,261 2,449,298 2,488,806 Plan fiduciary net position - ending (b) 2,355,719 2,383,980 2,414,261 2,449,298 Net OPEB Liability/(Assets) - ending (a) - (b) $ 7,278,039 $ 6,716,421 $ 5,931,697 $ 4,440,807 Plan fiduciary net position as a percentage of the total OPEB liability 24.45% 26.20% 28.93% 35.55% Covered-employee payroll (contributions not based on measure of pay) $ 15,912,848 $ 15,549,049 $ 14,414,822 $ 15,318,041 Net OPEB liability as a percentage of covered-employee payroll 45.74% 43.20% 41.15% 28.99% (1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation.

Future years' information will be displayed up to 10 years as information becomes available.

Notes to schedule:

Changes in assumptions: In 2020 the discount rate was reduced from 3.61% to 3.56%. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. 104

CITY OF EMERYVILLE

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF OPEB PLAN CONTRIBUTIONS

AGENT MULTIPLE-EMPLOYER DEFINED BENEFIT PLAN

LAST TEN YEARS
FISCAL YEAR ENDED JUNE 30 2021 2020 2019 2018
Actuarially Determined Contribution $ 388,037 $ 365,205 $ 381,084 $ 368,550 Contribution in Relation to the Actuarially Determined Contributions (388,037) (365,205) (274,317) (227,281) Contribution Deficiency (Excess) $ - $ - $ 106,767 $ 141,269 Covered-employee payroll (contributions not based on measure of pay) $ 16,687,724 $ 15,912,848 $ 15,549,049 $ 14,414,822 Contributions as a percentage of covered-employee payrol 2.33% 2.30% 2.45% 2.56% Notes to Schedule
*Actuarial methods and assumptions used to set the actuarially determined contribution for Fiscal Year 2021 were from the June 30, 2020 actuarial valuation.

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal
Amortization Valuation Method/Period Level percent of payroll over a closed rolling 15-year period Asset Valuation Method Market value
Inflation 2.75%
Payroll growth 3.00% per annum, in aggregate
Investment rate of return 4.25% per annum
Healthcare cost-trend rates 4% per annum
Retirement Age Based on CalPERS retirement rates
Mortality
(1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation.

Future years' information will be displayed up to 10 years as information becomes available.

Pre-retirement mortality probability based on 2017 CalPERS 1997 to 2015 Experience Study covering CalPERS participants. Post-retirement mortality probability based on CalPERS Experience Study 2007 to 2011 covering participants in CalPERS.
105

CITY OF EMERYVILLE

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
FOR THE YEAR ENDED JUNE 30, 2021
Note 1: Budgets and Budgetary Accounting
a. Budgeting Procedures
The City operates under the general laws of the State of California and bi-annually adopts a budget for it’s governmental fund types, except for the Small Local Bus Support and the Code Enforcement Reserve Special Revenue Funds, to be effective July 1 for the ensuing fiscal years. From the effective date of the budget, which is adopted by City Council and controlled by the City Manager at the fund level, the amounts slated therein as proposed expenditures budget by resolution during the fiscal year. The City Manager may authorize transfer of appropriations from one object, purpose, or department to another within the same fund provided the level of service stays the same. All appropriations lapse at year-end, except those relating to long-term capital projects.

Supplemental appropriations were approved by the City Council during the year ended June 30, 2021 and are included in the final budget amounts presented in the basic financial statements.
b. Budgetary Basis
Bi-annual budgets are adopted on a basis consistent with generally accepted accounting principles.
c. Expenditures in Excess of Appropriations
Expenditures for the year ended June 30, 2021 exceeded the appropriations in the following funds:

Property Based Improvement District (PBID) Special Revenue Fund 309,274 $ Housing Community Development Special Revenue Fund 4,179 Emergency Medical Services Special Revenue Fund 8,903
1999 Revenue Bond Capital Projects Fund 4,295
1998 Lease Revenue Series A Bond Debt Service Fund 355
For the PBID Special Revenue Fund, the expenditures over the appropriations were approved by City Council Resolution to conform to the Emeryville Transportation Management Association approved Resolution No. 21-24 budget and PBID revenues.

The fund had sufficient revenues to cover the expenditures that exceeded the final budget. 106

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
The Housing Community Development Fund accounts for Federal Community Development Block Grant (CDBG) funds and CDBG Program Income funds utilized for CDBG eligible projects.

The Cal - Home Loan Program Fund accounts for funds received and loans made under the State of California’s Cal Home Loan program.

The Police Impound Fund accounts for asset forfeiture funds allocated to the Police Department under state law.

The Catellus Contingent Fund accounts for a deposit payment that was required of the Catellus Development Corporation as a development condition of approval and is to be utilized for installation of a future pedestrian actuated signal, if required.

The Special Gas Tax Street Improvement Fund accounts for gas tax revenues apportioned by the state under specific statutory authority. The allocation formula is a combination of population and street mileage. The use of gas tax revenues is restricted to specific street maintenance activities.

The General Plan Maintenance Fund accounts for fees collected to cover costs of updating the City’s Plan and Zoning Ordinance over the next 20 years.

The Child Development Fund accounts for all revenue utilized to support the operations of the Emeryville Child Development Center, including grant funds from the State Department of Education, program fees and a General Fund subsidy.

The Measure B Fund accounts for revenues generated by a special one-half cent sales tax that was approved by the voters of Alameda County in 1986 and reauthorized in 2000. These funds are restricted for local transportation and special transportation (paratransit) purposes.

The Measure BB Fund accounts for revenues generated by a special one-half cent sales tax that was approved in 2014. These funds are restricted for local transportation and special transportation (paratransit) purposes and are distributed monthly by the Alameda County Transportation Commission.

The Transportation Impact Fee Fund accounts for transportation impact fees paid by new development, as required by the City’s Transportation Impact Fee Ordinance.

The Park / Rec Impact Fee Fund accounts for parks and recreation impact fees paid by new development, as required by the City’s Park / Rec Impact Fee Ordinance.

The Affordable Housing Impact Fee Fund accounts for rental residential developments and nonresidential developments to mitigate the impact of such developments on the need for affordable housing in the City.

The Supplemental Law Enforcement Fund accounts for state entitlements, which must be spent for front line municipal police services including anti-gang and community crime prevention programs.

The Emergency Medical Services (EMS) Fund accounts for the Supplemental Assessment paid by Emeryville residents for emergency medical services provided by the Emeryville Fire Department. 107

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds (Continued)
The Recycling / Source Reduction Fund accounts for revenue generated through a surcharge on garbage rates, which is utilized for waste reduction, recycling and cleanup programs.

The Measure D Fund accounts for the City of Emeryville’s allocation of funds generated by the landfill surcharge under the Alameda County Recycling Initiative (Measure D). Measure D funds are restricted to specific recycling and waste reduction activities.

The Emeryville Public Art Fund accounts for funds received from new development as required under the City’s Percent for Art Ordinance.

The Information Technology Fund accounts for funds set aside to support the City’s technology upgrade program. This fund was initiated in 1997.

The PEG Program Fund accounts for franchise fees collected for Public, Educational, and Governmental access video programming.

The Urban Forestry Fee Fund accounts for fees and penalties collected under the City’s Urban Forestry Ordinance governing the removal and replacement of street trees.

The Affordable Housing Fund accounts for residual property tax revenue committed to affordable housing projects and programs.

The Environmental Program Fund accounts for funds committed to environmentally friendly projects.

The Small Local Business Support Fund accounts for funds collected from developers to support small local serving businesses.

The Road & Rehabilitation Fund reports the allocation of State taxes enacted by the Road Repair and Accountability Act of 2017.

The Measure B VRF Fund accounts for a pro-rata share of the annual $10 per vehicle Vehicle Registration Fee (VRF) approved by voters in Alameda County in 2010. These funds are restricted for local road improvements and repairs.

The Code Enforcement Reserve Fund has been established to provide for mitigation of property related code enforcement activities. Future recovery from property owner or property levy will be used for mitigation activities.

The Measure F Fund accounts for revenues generated by a special one quarter percent (0.25%) of the retail transactions and use tax effective July 1, 2020 to support the City’s various specified personnel positions and Child Development Program.

The Parking Program Fund accounts for fees collected from parking within Emeryville to support the City’s parking program beginning February 2021.
108

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS
Capital Project Funds
The 1999 Revenue Bond Fund accounts for bond proceeds from the 1999 bonds that were issued from the West Emeryville, Bay Street Shellmound Street expansion and East Bay Bridge Districts.

The Marina Improvement Fund accounts for the capital improvements of the Emeryville Public Marina.

The Marina Fund was an enterprise fund until December 1998 when the facility was leased to a private company.

The Emeryville Center of Community Life Fund is funded by a $21.2M cash transfer of bond proceeds from the former redevelopment agency and accounts for capital expenditures related to the development of the Emeryville Center of Community Life.

The Implementation Plan 2010-14 Fund accounts for capital project commitments located within the Shellmond Park Redevelopment Project Area and is funded by $3.8M in bond proceeds transferred to the City by the Successor Agency in fiscal year 2015.

The Pedestrian Path Improvement Fund accounts for funds committed for street bicycle and pedestrian improvements.

The Major Maintenance Fund accounts for funds set aside to complete major maintenance projects at City owned facilities. The fund was initiated during the 1993-1994 fiscal year with one-time revenues, and currently receives annual payments from each City department that operates a City facility.

The Vehicle Replacement Fund accounts for resources set aside for vehicle replacement.

The Developer Contributions Fund accounts for projects to be funded by third parties as conditions of development agreements. Some projects will be delivered as improvements in lieu of cash.

Debt Service Funds
The 1998 Lease Revenue Series A Bond Fund receives transfer from the General Fund and accounts for payments of principal and interest on the 1998 Lease Revenue Series A Bonds. 109
Housing
Community
Development
Cal-Home
Loan Program
Police
Impound
Catellus
Contingent
ASSETS:

Cash, cash equivalents, and investments $ 233,051 $ 847,864 $ 91,874 $ 13,066 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts 10,395 - - -
Taxes - - - -
Due from other governments 25,000 - - -
Accrued interest 58 295 33 5
Total Assets $ 268,504 $ 848,159 $ 91,907 $ 13,071
LIABILITIES:

Accounts payable $ 15,776 $ - $ - $ -
Accrued liabilities - - - 694
Unearned revenue 25,000 - - -
Deposits payable - - - -
Total Liabilities 40,776 - - 694
FUND BALANCES:

Restricted for:

Community development projects 848,159 227,728 - -
Public safety - - 91,907 -
Public works - - - -
Capital projects - - - 12,377
Debt service - - - -
Small business incentive - - - -
Community services - - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 227,728 848,159 91,907 12,377
Total Liabilities and Fund Balances $ 268,504 $ 848,159 $ 91,907 $ 13,071

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

SPECIAL REVENUE FUNDS
110
Special Gas
Tax Street
Improvement
General Plan
Maintenance
Child
Development Measure B
ASSETS:

Cash, cash equivalents, and investments $ 160,351 $ 3,581,262 $ 335,367 $ 622,941 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - 190 100,000 2,919
Taxes - - - 85,975
Due from other governments - - - -
Accrued interest 57 1,215 121 207
Total Assets $ 160,408 $ 3,582,667 $ 435,488 $ 712,042
LIABILITIES:

Accounts payable $ 48,528 $ 10,307 31,502$ $ 50,149
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable - - - -
Total Liabilities 48,528 10,307 31,502 50,149
FUND BALANCES:

Restricted for:

Community development projects - 3,572,360 - -
Public safety - - - -
Public works 111,880 - - 569,044
Capital projects - - - -
Debt service - - - -
Small business incentive - - - -
Community services - - - 92,849
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - 403,986 -
Total Fund Balances 111,880 3,572,360 403,986 661,893
Total Liabilities and Fund Balances $ 160,408 $ 3,582,667 $ 435,488 $ 712,042 (Continued)

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

SPECIAL REVENUE FUNDS
111

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021
Measure BB
Transportation
Impact Fee
Park/Rec
Impact Fee
Affordable
Housing
Impact Fee
ASSETS:

Cash, cash equivalents, and investments $ 688,323 $ 1,220,142 $ 971,202 $ 726,620 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - - - -
Taxes 80,174 - - -
Due from other governments - - - -
Accrued interest 231 338 337 250
Total Assets $ 768,728 $ 1,220,480 $ 971,539 $ 726,870
LIABILITIES:

Accounts payable $ 72,782 $ 59,822 $ 1,069 $ -
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable - - - -
Total Liabilities 72,782 59,822 1,069 -
FUND BALANCES:

Restricted for:

Community development projects - 970,470 - 726,870
Public safety - - - -
Public works - - - -
Capital projects 1,160,658 644,527 - -
Debt service - - - -
Small business incentive - - - -
Community services 51,419 - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 695,946 1,160,658 970,470 726,870
Total Liabilities and Fund Balances $ 768,728 $ 1,220,480 $ 971,539 $ 726,870

SPECIAL REVENUE FUNDS
112
Supplemental
Law
Enforcement
Emergency
Medical
Services
Recycling/
Source
Reduction Measure D
ASSETS:

Cash, cash equivalents, and investments $ 80,096 $ 31,249 - $ $ 47,376 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - - - -
Taxes - 698 - -
Due from other governments - - - 9,011
Accrued interest 28 - 10 19
Total Assets $ 80,124 $ 698 $ 31,259 $ 56,406
LIABILITIES:

Accounts payable $ - $ - $ - $ -
Accrued liabilities - - - -
Unearned revenue - - 20,023 9,011
Deposits payable - - - -
Total Liabilities - - 20,023 9,011
FUND BALANCES:

Restricted for:

Community development projects - - - -
Public safety 698 80,124 - -
Public works - - 11,236 47,395
Capital projects - - - -
Debt service - - - -
Small business incentive - - - -
Community services - - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 80,124 698 11,236 47,395
Total Liabilities and Fund Balances $ 80,124 $ 698 $ 31,259 $ 56,406 (Continued)

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

SPECIAL REVENUE FUNDS
113
Emeryville
Public Art
Information
Technology PEG Program
Urban
Forestry Fee
ASSETS:

Cash, cash equivalents, and investments $ 2,917,195 1,906,230 $ 9,782 $ 335,717 $ Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - 38 198 -
Taxes - - - -
Due from other governments - - - -
Accrued interest 598 305 3 117
Total Assets $ 1,906,828 $ 2,917,538 $ 9,983 $ 335,834
LIABILITIES:

Accounts payable $ 6,239 $ 17,990 $ - -$
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable 494,298 - - 269,086
Total Liabilities 500,537 17,990 - 269,086
FUND BALANCES:

Restricted for:

Community development projects 908,113 1,406,291 - -
Public safety - - - -
Public works - - - 66,748
Capital projects - - - -
Debt service - - - -
Small business incentive - - - -
Community services - - $9,983 -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - 1,991,435 - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 1,406,291 2,899,548 9,983 66,748
Total Liabilities and Fund Balances $ 1,906,828 $ 2,917,538 $ 9,983 $ 335,834

SPECIAL REVENUE FUNDS

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021
114
Afforable
Housing
Environmenta
l Program
Small Local
Bus Support
Road
Maintenance
&
Rehabilitation
ASSETS:

Cash, cash equivalents, and investments $ 6,533,391 $ 91,995 $ 3,220 $ 524,800 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts 545 - - -
Taxes - - 22,224 -
Due from other governments - - - -
Accrued interest 2,110 32 1 176
Total Assets $ 6,536,046 $ 92,027 $ 3,221 $ 547,200
LIABILITIES:

Accounts payable $ 182,630 $ - $ 12,960 - $
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable - - - -
Total Liabilities 182,630 - - 12,960
FUND BALANCES:

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works - - 534,240 -
Capital projects - - - -
Debt service - - - -
Small business incentive - 3,221 - -
Community services - - - -
Environmental programs 92,027 - - -
Committed to:

Community development projects - 6,353,416 - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 6,353,416 92,027 3,221 534,240
Total Liabilities and Fund Balances 6,536,046 $ 92,027 $ 3,221 $ 547,200 $ (Continued)

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

SPECIAL REVENUE FUNDS
115
Measure BVRF
Code
Enforcement
Reserve Measure F
Parking
Program
ASSETS:

Cash, cash equivalents, and investments $ 316,995 53,108 $ 97,658 $ 266,542 $ Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts 8,402 - - 209
Taxes - - 529,585 -
Due from other governments - - - -
Accrued interest 17 110 34 100
Total Assets $ 61,527 $ 317,105 627,277$ $ 266,851
LIABILITIES:

Accounts payable -$ -$ -$ 27,022 $
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable - - - -
Total Liabilities - - - 27,022
FUND BALANCES:

Restricted for:

Community development projects - - - -
Public safety - - 627,277 239,829
Public works 61,527 317,105 - -
Capital projects - - -
Debt service - - - -
Small business incentive - - - -
Community services - - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 61,527 317,105 627,277 239,829
Total Liabilities and Fund Balances $ 61,527 $ 317,105 627,277$ $ 266,851

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

SPECIAL REVENUE FUNDS
116
1999
Revenue
Bond
Marina
Improvement
Emeryville
Center of
Community
Life
Implementation
Plan 2010-14
ASSETS:

Cash, cash equivalents, and investments $ 143,905 $ 5,198,346 $ 496,326 $ 4,153,171 Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - 19,108 - -
Taxes - - - -
Due from other governments - - - -
Accrued interest 55 1,804 173 1,445
Total Assets $ 143,960 $ 5,219,258 $ 496,499 $ 4,154,616 LIABILITIES:

Accounts payable $ 32,474 $ 804 $ - $ -
Accrued liabilities 24,076 - - -
Unearned revenue - - - -
Deposits payable - 5,461 - -
Total Liabilities 56,550 6,265 - -
FUND BALANCES:

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works - - - -
Capital projects 87,410 - 496,499 4,154,616
Debt service - - - -
Small business incentive - - - -
Community services - - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - - - -
Vehicle replacement - - - -
Information technology - - - -
Assigned to:

Capital projects - 5,212,993 - -
Community services - - - -
Total Fund Balances 87,410 5,212,993 496,499 4,154,616
Total Liabilities and Fund Balances $ 143,960 $ 5,219,258 $ 496,499 $ 4,154,616 (Continued)

CAPITAL PROJECTS FUNDS

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021
117

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021

CAPITAL PROJECTS FUNDS
Pedestrian
Path
Improvement
Major
Maintenance
Vehicle
Replacement
Developer
Contributions
ASSETS:

Cash, cash equivalents, and investments $ 407,382 $ 5,325,213 3,712,818$ 1,758,084$ Cash, cash equivalents, and investments with fiscal agents - - - - Receivables:

Accounts - - - 50,000
Taxes - - - -
Due from other governments - - - -
Accrued interest 142 - - 615
Total Assets $ 407,524 $ 5,325,213 3,712,818$ 1,808,699$ LIABILITIES:

Accounts payable -$ 107,181 $ $ 14,201 $ 127,361
Accrued liabilities - - - -
Unearned revenue - - - -
Deposits payable - - - -
Total Liabilities - 107,181 14,201 127,361
FUND BALANCES:

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works - - - -
Capital projects 407,524 - - 1,681,338
Debt service - - - -
Small business incentive - - - -
Community services - - - -
Environmental programs - - - -
Committed to:

Community development projects - - - -
Facility maintenance - 5,218,032 - -
Vehicle replacement - - 3,698,617 -
Information technology - - - -
Assigned to:

Capital projects - - - -
Community services - - - -
Total Fund Balances 407,524 5,218,032 3,698,617 1,681,338 Total Liabilities and Fund Balances $ 407,524 $ 5,325,213 3,712,818$ 1,808,699$ 118

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2021
DEBT

SERVICE
FUND
1998 Lease
Revenue
Series A Bond
Total Nonmajor
Governmental
Funds
ASSETS:

Cash, cash equivalents, and investments $ 3,051 $ 43,905,713 Cash, cash equivalents, and investments with fiscal agents - - Receivables:

Accounts - 192,004
Taxes - 718,656
Due from other governments - 34,011
Accrued interest - 11,041
Total Assets $ 3,051 $ 44,861,425
LIABILITIES:

Accounts payable $ - $ 818,797
Accrued liabilities - 24,770
Unearned revenue - 54,034
Deposits payable 768,845 -
Total Liabilities - 1,666,446
FUND BALANCES:

Restricted for:

Community development projects 8,659,991 -
Public safety 1,039,835 -
Public works 1,719,175 -
Capital projects 8,644,949 -
Debt service 3,051 3,051
Small business incentive - 3,221
Community services 154,251 -
Environmental programs 92,027 -
Committed to:

Community development projects 6,353,416 -
Facility maintenance 5,218,032 -
Vehicle replacement 3,698,617 -
Information technology 1,991,435 -
Assigned to:

Capital projects 5,212,993 -
Community services 403,986 -
Total Fund Balances 3,051 43,194,979
Total Liabilities and Fund Balances 3,051 $ 44,861,425 $ 119
Housing
Community
Development
Cal-Home
Loan Program
Police
Impound
Catellus
Contingent
REVENUES:

Taxes - $ - $ - $ - $
Licenses and permits - - - -
Intergovernmental 10,395 - - -
Charges for services - - - -
Investment income 16,311 19,078 514 109
Rental income - - - -
Miscellaneous 51,022 30,111 - -
Total Revenues 77,728 49,189 514 109
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing - - - -
Community services 40,989 - - -
Child development - - - -
Public works - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 40,989 - - -

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 36,739 49,189 514 109

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - - -
NET CHANGE IN FUND BALANCES 36,739 49,189 514 109
BEGINNING FUND BALANCES 190,989 798,970 91,393 12,268
ENDING FUND BALANCES 227,728 $ $ 848,159 $ 91,907 $ 12,377

SPECIAL REVENUE FUNDS

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
120
Special Gas
Tax Street
Improvement
General Plan
Maintenance
Child
Development Measure B
REVENUES:

Taxes - $ - $ - $ 343,788 $
Licenses and permits 929,010 - - -
Intergovernmental 272,750 - 336,828 78,340
Charges for services - - 669,487 492
Investment income 937 18,122 196 4,003
Rental income - - - -
Miscellaneous - - - 2,919
Total Revenues 273,687 947,132 1,006,511 429,542
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building 627,628 - - -
Economic development and housing - - - -
Community services - - 27,751 -
Child development - 2,273,418 - -
Public works 250,516 - - 2,719
Capital outlay 22,415 - - 600,000
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 650,043 250,516 2,273,418 630,470

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 23,171 297,089 (1,266,907) (200,928)

OTHER FINANCING SOURCES (USES)
Transfers in - 1,500,000 - -
Transfers (out) - (10,000) - -
Total Other Financing Sources (Uses) - (10,000) 1,500,000 - NET CHANGE IN FUND BALANCES 23,171 287,089 233,093 (200,928) BEGINNING FUND BALANCES 88,709 3,285,271 170,893 862,821 ENDING FUND BALANCES 111,880 $ $ 403,986 3,572,360 $ $ 661,893

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021

SPECIAL REVENUE FUNDS
121

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
Measure BB
Transportation
Impact Fee
Park/Rec Impact
Fee
Affordable
Housing
Impact Fee
REVENUES:

Taxes 323,910 $ - $ - $ - $
Licenses and permits 218,556 - 10,993 -
Intergovernmental 70,468 - - -
Charges for services - - - -
Investment income 3,444 13,981 4,498 3,996
Rental income - - - -
Miscellaneous - - - -
Total Revenues 397,822 232,537 4,498 14,989
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing - - - -
Community services 6,383 - - -
Child development - - - -
Public works 9,360 - - -
Capital outlay 2,096,384 325,394 19,157 -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 341,137 2,096,384 19,157 -

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 56,685 (1,863,847) (14,659) 14,989

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - -
NET CHANGE IN FUND BALANCES 56,685 (1,863,847) (14,659) 14,989 BEGINNING FUND BALANCES 639,261 3,024,505 985,129 711,881 ENDING FUND BALANCES $ 695,946 $ 970,470 1,160,658 $ $ 726,870

SPECIAL REVENUE FUNDS
122
Supplemental
Law
Enforcement
Emergency
Medical
Services
Recycling/
Source
Reduction Measure D
REVENUES:

Taxes - $ 199,223 $ - $ $ -
Licenses and permits - - - -
Intergovernmental 156,727 - - -
Charges for services - - - -
Investment income 411 - 148 334
Rental income - - - -
Miscellaneous - 486 - 27,616
Total Revenues 157,138 199,709 148 27,950
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police 149,999 - - -
Fire - 200,403 - -
Planning and building - - - -
Economic development and housing - - - -
Community services - - - -
Child development - - - -
Public works - - - 53,000
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 149,999 200,403 - 53,000

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 7,139 (694) 148 (25,050)

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - - -
NET CHANGE IN FUND BALANCES 7,139 (694) 148 (25,050)
BEGINNING FUND BALANCES 72,985 1,392 11,088 72,445
ENDING FUND BALANCES $ 80,124 $ 698 $ 11,236 $ 47,395

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021

SPECIAL REVENUE FUNDS
123

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
Emeryville
Public Art
Information
Technology PEG Program
Urban Forestry
Fee
REVENUES:

Taxes 145,686 $ - $ $ 885 $ -
Licenses and permits - - - -
Intergovernmental - - - -
Charges for services - - - -
Investment income 8,023 4,452 52 1,714
Rental income - - - -
Miscellaneous 283,282 469,142 - -
Total Revenues 436,991 473,594 937 1,714
EXPENDITURES:

Current:

Information technology - 465,702 - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing 76,690 - - -
Community services - - - -
Child development - - - -
Public works - - - -
Capital outlay - 63,125 - 38,658
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 76,690 528,827 - 38,658

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 360,301 (55,233) 937 (36,944)

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - (1,700) - -
Total Other Financing Sources (Uses) - (1,700) - -
NET CHANGE IN FUND BALANCES 360,301 (56,933) 937 (36,944) BEGINNING FUND BALANCES 1,045,990 2,956,481 9,046 103,692 ENDING FUND BALANCES $ 1,406,291 $ 2,899,548 $ 9,983 $ 66,748

SPECIAL REVENUE FUNDS
124
Afforable
Housing
Environmental
Program
Small Local
Bus Support
Road
Maintenance &
Rehabilitation
REVENUES:

Taxes 1,165,485 $ - $ - $ - $
Licenses and permits - - - -
Intergovernmental 34,723 - 225,278 -
Charges for services - - - -
Investment income 32,264 352 18 2,987
Rental income - - - -
Miscellaneous 1,673 - - -
Total Revenues 1,199,422 35,075 18 228,265
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing 535,542 - - -
Community services - - - -
Child development - - - -
Public works - - - -
Capital outlay - - - 203,561
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures - 535,542 - 203,561

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 663,880 35,075 18 24,704

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - - -
NET CHANGE IN FUND BALANCES 663,880 35,075 18 24,704
BEGINNING FUND BALANCES 5,689,536 56,952 3,203 509,536
ENDING FUND BALANCES 6,353,416 $ $ 92,027 $ 3,221 $ 534,240

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021

SPECIAL REVENUE FUNDS
125

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
Measure BVRF
Code
Enforcement
Reserve Measure F
Parking
Program
REVENUES:

Taxes - $ - $ 2,125,851 $ - $
Licenses and permits - - - -
Intergovernmental - 49,279 - -
Charges for services - - 134,670 -
Investment income 207 1,770 1,426 198
Rental income - - - -
Miscellaneous - - - -
Total Revenues 49,486 1,770 2,127,277 134,868
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - 120,688 -
Fire - - - -
Planning and building - - - -
Economic development and housing - - - 64,351
Community services - - - -
Child development - - - -
Public works 2,805 - - -
Capital outlay - 8,471 - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 11,276 - 185,039 -

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 38,210 1,770 2,127,277 (50,171)

OTHER FINANCING SOURCES (USES)
Transfers in - - 290,000 -
Transfers (out) - - (1,500,000) -
Total Other Financing Sources (Uses) - - (1,500,000) 290,000 NET CHANGE IN FUND BALANCES 38,210 1,770 627,277 239,829 BEGINNING FUND BALANCES 23,317 315,335 - -
ENDING FUND BALANCES $ 61,527 $ 317,105 $ 627,277 $ 239,829

SPECIAL REVENUE FUNDS
126
1999 Revenue
Bond
Marina
Improvement
Emeryville
Center of
Community
Life
Implementation
Plan 2010-14
REVENUES:

Taxes - $ $ - $ - $ -
Licenses and permits - - - -
Intergovernmental - - - -
Charges for services - - - -
Investment income 2,991 28,526 2,771 23,182
Rental income - 371,878 - -
Miscellaneous - - - -
Total Revenues 2,991 400,404 2,771 23,182
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations - - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing - - - -
Community services - - - -
Child development - - - -
Public works - 153,598 - -
Capital outlay 3,555 307,395 - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 307,395 157,153 - -

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (304,404) 243,251 2,771 23,182

OTHER FINANCING SOURCES (USES)
Transfers in - 50 - -
Transfers (out) - (79,300) - -
Total Other Financing Sources (Uses) - (79,250) - -
NET CHANGE IN FUND BALANCES (304,404) 164,001 2,771 23,182 BEGINNING FUND BALANCES 391,814 5,048,992 493,728 4,131,434 ENDING FUND BALANCES $ 87,410 $ 496,499 5,212,993 $ $ 4,154,616

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021

CAPITAL PROJECT FUNDS
127

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
Pedestrian Path
Improvement
Major
Maintenance
Vehicle
Replacement
Developer
Contributions
REVENUES:

Taxes - $ - $ - $ - $
Licenses and permits - - - -
Intergovernmental 37,661 - - -
Charges for services - - - -
Investment income 2,284 - - 14,479
Rental income - - - -
Miscellaneous - 1,218,750 532,400 -
Total Revenues 2,284 1,256,411 532,400 14,479
EXPENDITURES:

Current:

Information technology - - - -
General governmental-non-departmental operations 515,344 - - - Police - - - -
Fire - - - -
Planning and building - - - -
Economic development and housing - - - -
Community services - - - -
Child development - - - -
Public works - - - -
Capital outlay 73,513 - 266,426 1,304,371
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total Expenditures 588,857 - 266,426 1,304,371

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 2,284 667,554 265,974 (1,289,892)

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - - -
NET CHANGE IN FUND BALANCES 2,284 667,554 265,974 (1,289,892) BEGINNING FUND BALANCES 405,240 4,550,478 3,432,643 2,971,230 ENDING FUND BALANCES 407,524 $ $ 5,218,032 $ 3,698,617 $ 1,681,338

CAPITAL PROJECT FUNDS
128

CITY OF EMERYVILLE

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2021
DEBT

SERVICE
FUND
1998 Lease Revenue
Series A Bond
Total Nonmajor
Governmental Funds
REVENUES:

Taxes - $ 4,304,828 $
Licenses and permits - 1,158,559
Intergovernmental - 1,272,449
Charges for services - 804,649
Investment income - 213,778
Rental income - 371,878
Miscellaneous - 2,617,401
Total Revenues - 10,743,542
EXPENDITURES:

Current:

Information technology 465,702 -
General governmental-non-departmental operations - 515,344 Police - 270,687
Fire - 200,403
Planning and building 627,628 -
Economic development and housing 676,583 -
Community services - 75,123
Child development - 2,273,418
Public works - 471,998
Capital outlay 5,332,425 -
Debt service:

Principal retirement 290,900 290,900
Interest and fiscal charges 78,455 78,455
Total Expenditures 369,355 11,278,666

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (369,355) (535,124)

OTHER FINANCING SOURCES (USES)
Transfers in 369,355 2,159,405
Transfers (out) - (1,591,000)
Total Other Financing Sources (Uses) 568,405 369,355
NET CHANGE IN FUND BALANCES - 33,281
BEGINNING FUND BALANCES 3,051 43,161,698
ENDING FUND BALANCES 3,051 $ $ 43,194,979
129

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 190,989 $ 190,989 $ 190,989 $ - Resources (Inflows)
Intergovernmental 6,600 36,310 10,395 (25,915)
Investment income - - 16,311 16,311
Miscellaneous 500 500 51,022 50,522
Amounts Available for Appropriations 198,089 268,717 227,799 40,918 Charges to Appropriation (Outflow)
Community services 6,600 36,810 40,989 (4,179)
Total Charges to Appropriations 36,810 6,600 40,989 (4,179) Fund Balance, June 30 $ 190,989 191,489 $ 227,728 $ 36,739 $

CITY OF EMERYVILLE
Budget Amounts

HOUSING COMMUNITY DEVELOPMENT SPECIAL REVENUE FUND
130

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 798,970 $ 798,970 $ 798,970 $ - Resources (Inflows)
Investment income - 19,078 - 19,078
Miscellaneous 50,000 50,000 30,111 (19,889)
Amounts Available for Appropriations 848,970 848,970 848,159 (811) Fund Balance, June 30 $ 848,970 848,970 $ 848,159 $ (811) $

CITY OF EMERYVILLE

CAL - HOME LOAN PROGRAM SPECIAL REVENUE FUND
Budget Amounts
131

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 91,393 $ 91,393 $ 91,393 $ - Resources (Inflows)
Investment income - - 514 514
Amounts Available for Appropriations 91,393 91,393 91,907 514 Charges to Appropriation (Outflow)
Police 5,586 5,586 - 5,586
Total Charges to Appropriations 5,586 5,586 - 5,586
Fund Balance, June 30 $ 85,807 $ 85,807 $ 6,100 91,907 $

CITY OF EMERYVILLE

POLICE IMPOUND SPECIAL REVENUE FUND
Budget Amounts
132

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 12,268 $ 12,268 $ 12,268 $ - Resources (Inflows)
Investment income - - 109 109
Amounts Available for Appropriations 12,268 12,268 12,377 109 Charges to Appropriation (Outflow)
Capital outlay 2,978 - - 2,978
Total Charges to Appropriations - 2,978 - 2,978
Fund Balance, June 30 $ 12,268 $ 9,290 $ 12,377 $ 3,087

CITY OF EMERYVILLE

CATELLUS CONTINGENT SPECIAL REVENUE FUND
Budget Amounts
133

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 88,709 $ 88,709 $ 88,709 $ - Resources (Inflows)
Intergovernmental 310,800 264,700 272,750 8,050
Investment income - - 937 937
Amounts Available for Appropriations 399,509 353,409 362,396 8,987 Charges to Appropriation (Outflow)
Public works 348,000 295,000 250,516 97,484
Capital outlay 75,000 75,000 - 75,000
Total Charges to Appropriations 370,000 423,000 250,516 172,484 Fund Balance, June 30 $ 29,509 $ (69,591) $ 111,880 $ 181,471

CITY OF EMERYVILLE

SPECIAL GAS TAX STREET IMPROVEMENT SPECIAL REVENUE FUND Budget Amounts
134

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 3,285,271 $ 3,285,271 $ 3,285,271 $ - Resources (Inflows)
Licenses and permits 1,025,300 1,025,300 929,010 (96,290) Investment income - 18,122 - 18,122
Amounts Available for Appropriations 4,310,571 4,310,571 4,232,403 (78,168) Charges to Appropriation (Outflow)
Planning and building 1,012,113 998,000 627,628 384,485 Capital outlay 137,153 - 22,415 114,738
Transfers out 10,000 10,000 10,000 -
Total Charges to Appropriations 1,008,000 1,159,266 660,043 499,223 Fund Balance, June 30 $ 3,302,571 $ 3,151,305 $ 3,572,360 $ 421,055

CITY OF EMERYVILLE

GENERAL PLAN MAINTENANCE SPECIAL REVENUE FUND
Budget Amounts
135

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 170,893 $ 170,893 $ 170,893 $ - Resources (Inflows)
Intergovernmental 179,700 161,652 336,828 175,176
Charges for services 1,322,800 692,000 669,487 (22,513) Investment income - - 196 196
Miscellaneous - - - -
Transfers in 1,204,700 1,500,000 1,500,000 -
Amounts Available for Appropriations 2,878,093 2,524,545 2,677,404 152,859 Charges to Appropriation (Outflow)
Child development 2,707,200 2,351,492 2,273,418 78,074
Total Charges to Appropriations 2,707,200 2,351,492 2,273,418 78,074 Fund Balance, June 30 $ 170,893 $ 173,053 $ 403,986 $ 230,933

CITY OF EMERYVILLE

CHILD DEVELOPMENT SPECIAL REVENUE FUND
Budget Amounts
136

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 862,821 $ 862,821 $ 862,821 $ - Resources (Inflows)
Taxes 310,000 $232,500 343,788 111,288
Intergovernmental 65,200 48,900 78,340 29,440
Charges for services - - 492 492
Investment income - - 4,003 4,003
Miscellaneous - - 2,919 2,919
Amounts Available for Appropriations 1,238,021 1,144,221 1,292,363 148,142 Charges to Appropriation (Outflow)
Community services 30,600 30,600 27,751 2,849
Public works 11,800 11,800 2,719 9,081
Capital outlay 934,603 250,000 600,000 334,603
Total Charges to Appropriations 292,400 977,003 630,470 346,533 Fund Balance, June 30 $ 945,621 $ 167,218 $ 661,893 $ 494,675

CITY OF EMERYVILLE

MEASURE B SPECIAL REVENUE FUND
Budget Amounts
137

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 639,261 $ 639,261 $ 639,261 $ - Resources (Inflows)
Taxes 290,000 217,500 323,910 106,410
Intergovernmental 59,600 44,600 70,468 25,868
Investment income - - 3,444 3,444
Amounts Available for Appropriations 988,861 901,361 1,037,083 135,722 Charges to Appropriation (Outflow)
Community services 35,775 31,500 6,383 29,392
Public works 15,700 15,700 9,360 6,340
Capital outlay 684,155 270,000 325,394 358,761
Total Charges to Appropriations 317,200 735,630 341,137 394,493 Fund Balance, June 30 $ 671,661 $ 165,731 $ 695,946 $ 530,215

CITY OF EMERYVILLE

MEASURE BB SPECIAL REVENUE FUND
Budget Amounts
138

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 3,024,505 $ 3,024,505 $ 3,024,505 $ - Resources (Inflows)
Licenses and permits 519,000 519,000 218,556 (300,444)
Investment income - 13,981 - 13,981
Amounts Available for Appropriations 3,543,505 3,543,505 3,257,042 (286,463) Charges to Appropriation (Outflow)
Capital outlay 3,081,229 - 2,096,384 984,845
Total Charges to Appropriations 3,081,229 - 2,096,384 984,845 Fund Balance, June 30 $ 3,543,505 $ 462,276 $ 1,160,658 $ 698,382

CITY OF EMERYVILLE

TRANSPORTATION IMPACT FEE SPECIAL REVENUE FUND
Budget Amounts
139

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 985,129 $ 985,129 $ 985,129 $ - Resources (Inflows)
Licenses and permits 989,000 - - -
Investment income - 4,762 4,498 (264)
Amounts Available for Appropriations 1,974,129 989,891 989,627 (264) Charges to Appropriation (Outflow)
Capital outlay 22,672 - 19,157 3,515
Total Charges to Appropriations - 22,672 19,157 3,515
Fund Balance, June 30 $ 1,974,129 $ 967,219 $ 970,470 $ 3,251

CITY OF EMERYVILLE

PARK / REC IMPACT FEE SPECIAL REVENUE FUND
Budget Amounts
140

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 711,881 $ 711,881 $ 711,881 $ - Resources (Inflows)
Licenses and permits 125,000 125,000 10,993 (114,007)
Investment income - - 3,996 3,996
Amounts Available for Appropriations 836,881 836,881 726,870 (110,011) Charges to Appropriation (Outflow)
Capital outlay 300,000 300,000 300,000 -
Total Charges to Appropriations 300,000 300,000 300,000 - Fund Balance, June 30 $ 536,881 $ 536,881 $ 726,870 $ 189,989

CITY OF EMERYVILLE

AFFORDABLE HOUSING IMPACT FEE SPECIAL REVENUE FUND
Budget Amounts
141

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 72,985 $ 72,985 $ 72,985 $ - Resources (Inflows)
Intergovernmental 100,000 100,000 156,727 56,727
Investment income - - 411 411
Amounts Available for Appropriations 172,985 172,985 230,123 57,138 Charges to Appropriation (Outflow)
Police 150,000 100,000 149,999 1
Total Charges to Appropriations 100,000 150,000 149,999 1 Fund Balance, June 30 $ 72,985 $ 22,985 $ 80,124 $ 57,139

CITY OF EMERYVILLE

SUPPLEMENTAL LAW ENFORCEMENT SPECIAL REVENUE FUND
Budget Amounts
142

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 1,392 $ 1,392 $ 1,392 $ - Resources (Inflows)
Taxes 192,000 $192,000 $199,223 7,223
Miscellaneous - - 486 486
Amounts Available for Appropriations 193,392 193,392 201,101 7,709 Charges to Appropriation (Outflow)
Fire 191,500 191,500 200,403 (8,903)
Total Charges to Appropriations 191,500 191,500 200,403 (8,903) Fund Balance, June 30 $ 1,892 1,892 $ 698 $ (1,194) $

CITY OF EMERYVILLE

EMERGENCY MEDICAL SERVICES SPECIAL REVENUE FUND
Budget Amounts
143

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 11,088 11,088 $ 11,088 $ - $ Resources (Inflows)
Intergovernmental 5,000 5,000 - (5,000)
Investment income - - 148 148
Amounts Available for Appropriations 16,088 11,236 16,088 (4,852) Charges to Appropriation (Outflow)
Public works 5,000 5,000 - 5,000
Total Charges to Appropriations 5,000 5,000 - 5,000
Fund Balance, June 30 $ 11,088 $ 11,088 $ 11,236 $ 148

CITY OF EMERYVILLE

RECYCLING / SOURCE REDUCTION SPECIAL REVENUE FUND
Budget Amounts
144

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 72,445 $ 72,445 $ 72,445 $ - Resources (Inflows)
Investment income - - 334 334
Miscellaneous 34,000 34,000 27,616 (6,384)
Amounts Available for Appropriations 106,445 106,445 100,395 (6,050) Charges to Appropriation (Outflow)
Public works 53,000 25,000 53,000 -
Total Charges to Appropriations 25,000 53,000 53,000 -
Fund Balance, June 30 $ 81,445 $ 53,445 $ 47,395 $ (6,050)

CITY OF EMERYVILLE

MEASURE D SPECIAL REVENUE FUND
Budget Amounts
145

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 1,045,990 $ 1,045,990 $ 1,045,990 $ - Resources (Inflows)
Taxes 122,700 149,600 145,686 (3,914)
Investment income - - 8,023 8,023
Miscellaneous 15,000 15,000 283,282 268,282
Amounts Available for Appropriations 1,183,690 1,210,590 1,482,981 272,391 Charges to Appropriation (Outflow)
Economic development and housing 139,600 139,600 76,690 62,910 Capital outlay - 229,935 - 229,935
Total Charges to Appropriations 139,600 369,535 76,690 292,845 Fund Balance, June 30 $ 1,044,090 $ 841,055 $ 1,406,291 $ 565,236

CITY OF EMERYVILLE

EMERYVILLE PUBLIC ART SPECIAL REVENUE FUND
Budget Amounts
146

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 2,956,481 $ 2,956,481 $ 2,956,481 $ - Resources (Inflows)
Investment income - - 4,452 4,452
Miscellaneous 507,100 507,100 469,142 (37,958)
Amounts Available for Appropriations 3,463,581 3,463,581 3,430,075 (33,506) Charges to Appropriation (Outflow)
Information technology 727,213 453,600 465,702 261,511
Capital outlay 838,270 160,000 63,125 775,145
Transfers out 1,700 1,700 1,700 -
Total Charges to Appropriations 615,300 1,567,183 530,527 1,036,656 Fund Balance, June 30 $ 2,848,281 $ 1,896,398 $ 2,899,548 $ 1,003,150

CITY OF EMERYVILLE

INFORMATION TECHNOLOGY SPECIAL REVENUE FUND
Budget Amounts
147

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 9,046 9,046 $ 9,046 $ - $ Resources (Inflows)
Taxes 1,000 1,000 885 (115)
Investment income - - 52 52
Amounts Available for Appropriations 10,046 9,983 10,046 (63) Fund Balance, June 30 $ 10,046 10,046 $ 9,983 $ (63) $

CITY OF EMERYVILLE

PEG PROGRAM SPECIAL REVENUE FUND
Budget Amounts
148

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 103,692 103,692 $ 103,692 $ - $ Resources (Inflows)
Charges for services 1,500 1,500 - (1,500)
Investment income - - 1,714 1,714
Amounts Available for Appropriations 105,192 105,192 105,406 214 Charges to Appropriation (Outflow)
Capital outlay 42,715 10,000 38,658 4,057
Total Charges to Appropriations 10,000 42,715 38,658 4,057 Fund Balance, June 30 $ 95,192 $ 62,477 $ 66,748 $ 4,271

CITY OF EMERYVILLE

URBAN FORESTRY FEE SPECIAL REVENUE FUND
Budget Amounts
149

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 5,689,536 $ 5,689,536 $ 5,689,536 $ - Resources (Inflows)
Taxes 981,700 1,197,200 1,165,485 (31,715)
Investment income - 32,264 - 32,264
Miscellaneous - - 1,673 1,673
Amounts Available for Appropriations 6,671,236 6,886,736 6,888,958 2,222 Charges to Appropriation (Outflow)
Economic development and housing 1,003,900 2,270,649 535,542 1,735,107 Capital outlay 1,821,696 - - 1,821,696
Total Charges to Appropriations 1,003,900 4,092,345 535,542 3,556,803 Fund Balance, June 30 $ 5,667,336 $ 2,794,391 $ 6,353,416 $ 3,559,025

CITY OF EMERYVILLE

AFFORDABLE HOUSING SPECIAL REVENUE FUND
Budget Amounts
150

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 56,952 $ 56,952 $ 56,952 $ - Resources (Inflows)
Intergovernmental 22,000 22,000 34,723 12,723
Investment income - - 352 352
Amounts Available for Appropriations 78,952 78,952 92,027 13,075 Charges to Appropriation (Outflow)
Public works 26,000 26,000 - 26,000
Total Charges to Appropriations 26,000 26,000 26,000 -
Fund Balance, June 30 $ 52,952 $ 52,952 $ 39,075 92,027 $

CITY OF EMERYVILLE

ENVIRONMENTAL PROGRAM SPECIAL REVENUE FUND
Budget Amounts
151

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 509,536 509,536 $ 509,536 $ - $ Resources (Inflows)
Intergovernmental 200,000 180,000 225,278 45,278
Investment income - - 2,987 2,987
Amounts Available for Appropriations 709,536 689,536 737,801 48,265 Charges to Appropriation (Outflow)
Capital outlay 659,021 200,000 203,561 455,460
Total Charges to Appropriations 200,000 659,021 203,561 455,460 Fund Balance, June 30 $ 509,536 $ 30,515 $ 534,240 $ 503,725

CITY OF EMERYVILLE

ROAD MAINTENANCE & REHABILITATION SPECIAL REVENUE FUND
Budget Amounts
152

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 23,317 $ 23,317 $ 23,317 $ - Resources (Inflows)
Intergovernmental 49,000 49,000 49,279 279
Investment income - - 207 207
Amounts Available for Appropriations 72,317 72,317 72,803 486 Charges to Appropriation (Outflow)
Public works 2,900 2,900 2,805 95
Capital outlay 58,471 50,000 8,471 50,000
Total Charges to Appropriations 52,900 61,371 11,276 50,095 Fund Balance, June 30 $ 19,417 $ 10,946 $ 61,527 $ 50,581

CITY OF EMERYVILLE

MEASURE B - VRF SPECIAL REVENUE FUND
Budget Amounts
153

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1
Resources (Inflows)
Taxes $ 1,500,000 - $ $ 2,125,851 $ 625,851
Investment income - - 1,426 1,426
Amounts Available for Appropriations 1,500,000 - 2,127,277 627,277 Charges to Appropriation (Outflow)
Transfers out 1,500,000 - 1,500,000 -
Total Charges to Appropriations 1,500,000 - 1,500,000 - Fund Balance, June 30 $ - $ 627,277 - $ $ 627,277

CITY OF EMERYVILLE

MEASURE F SPECIAL REVENUE FUND
Budget Amounts
154

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1
Resources (Inflows)
Charges for services $ - $ 134,670 - $ $ 134,670
Investment income - - 198 198
Transfers in $290,000 290,000 - -
Amounts Available for Appropriations 290,000 - 424,868 134,868 Charges to Appropriation (Outflow)
Police 136,301 - 120,688 15,613
Economic development and housing 152,848 - 64,351 88,497 Total Charges to Appropriations 289,149 - 185,039 104,110 Fund Balance, June 30 $ 851 - $ 239,829 $ 238,978 $

CITY OF EMERYVILLE

PARKING PROGRAM SPECIAL REVENUE FUND
Budget Amounts
155

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 43,161,922 $ 43,161,922 $ 43,161,922 $ - Resources (Inflows)
Taxes 1,604,400 1,846,800 11,551,689 9,704,889
Investment income - 228,100 228,100 -
Amounts Available for Appropriations 44,766,322 45,008,722 54,941,711 9,932,989 Charges to Appropriation (Outflow)
General government-non-departmental operations 270,100 270,100 305,333 (35,233) Public works 813,660 547,660 466,269 81,391
Capital outlay 31,474,686 743,000 6,112,135 25,362,551
Transfers out 5,345,158 - 345,158 5,000,000
Total Charges to Appropriations 1,826,760 37,637,604 7,228,895 30,408,709 Fund Balance, June 30 $ 42,939,562 $ 7,371,118 $ 47,712,816 $ 40,341,698

CITY OF EMERYVILLE

GENERAL CAPITAL IMPROVEMENTS CAPITAL PROJECTS FUND
Budget Amounts
156

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 391,814 $ 391,814 $ 391,814 $ - Resources (Inflows)
Investment income - - 2,991 2,991
Amounts Available for Appropriations 391,814 391,814 394,805 2,991 Charges to Appropriation (Outflow)
Capital outlay 303,100 - 307,395 (4,295)
Total Charges to Appropriations 303,100 - 307,395 (4,295) Fund Balance, June 30 $ 88,714 391,814 $ 87,410 $ (1,304) $

CITY OF EMERYVILLE
1999 REVENUE BOND CAPITAL PROJECTS FUND
Budget Amounts
157

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 5,048,992 $ 5,048,992 $ 5,048,992 $ - Resources (Inflows)
Taxes 28,900 28,900 - (28,900)
Investment income - 28,526 28,526 -
Rental income 550,000 462,100 371,878 (90,222)
Transfers in - - 50 50
Amounts Available for Appropriations 5,627,892 5,539,992 5,449,446 (90,546) Charges to Appropriation (Outflow)
Public works 211,000 210,300 153,598 57,402
Capital outlay 2,713,631 250,000 3,555 2,710,076
Transfers out 79,300 79,300 79,300 -
Total Charges to Appropriations 539,600 236,453 3,003,931 2,767,478 Fund Balance, June 30 $ 2,536,061 5,088,292 $ 5,212,993 $ 2,676,932 $

CITY OF EMERYVILLE

MARINA IMPROVEMENT CAPITAL PROJECT FUND
Budget Amounts
158

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 493,728 $ 493,728 $ 493,728 $ - Resources (Inflows)
Investment income - - 2,771 2,771
Amounts Available for Appropriations 493,728 493,728 496,499 2,771 Charges to Appropriation (Outflow)
Capital outlay 36,000 36,000 - 36,000
Total Charges to Appropriations 36,000 36,000 36,000 -
Fund Balance, June 30 $ 457,728 $ 457,728 $ 496,499 $ 38,771

CITY OF EMERYVILLE

EMERYVILLE CENTER OF COMMUNITY LIFE CAPITAL PROJECT FUND Budget Amounts
159

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 4,131,434 $ 4,131,434 $ 4,131,434 $ - Resources (Inflows)
Investment income - 23,182 - 23,182
Amounts Available for Appropriations 4,131,434 4,131,434 4,154,616 23,182 Charges to Appropriation (Outflow)
Capital outlay 3,800,000 - - 3,800,000
Total Charges to Appropriations 3,800,000 - 3,800,000 - Fund Balance, June 30 $ 4,131,434 $ 331,434 $ 4,154,616 $ 3,823,182

CITY OF EMERYVILLE
IMPLEMENTATION PLAN 2010-14 CAPITAL PROJECT FUND
Budget Amounts
160

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 405,240 $ 405,240 $ 405,240 $ - Resources (Inflows)
Investment income - - 2,284 2,284
Amounts Available for Appropriations 405,240 405,240 407,524 2,284 Charges to Appropriation (Outflow)
Capital outlay 209,000 180,000 - 209,000
Total Charges to Appropriations 180,000 209,000 - 209,000 Fund Balance, June 30 $ 225,240 $ 196,240 $ 407,524 $ 211,284

CITY OF EMERYVILLE

PEDESTRIAN PATH IMPROVEMENT CAPITAL PROJECT FUND
Budget Amounts
161

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 4,550,478 $ 4,550,478 $ 4,550,478 $ - Resources (Inflows)
Intergovernmental 37,661 37,661
Miscellaneous 1,199,200 1,199,200 1,218,750 19,550
Amounts Available for Appropriations 5,749,678 5,749,678 5,806,889 57,211 Charges to Appropriation (Outflow)
General government-non-departmental operations 774,900 924,900 515,344 409,556 Capital outlay 4,522,276 430,000 73,513 4,448,763
Total Charges to Appropriations 5,447,176 1,204,900 588,857 4,858,319 Fund Balance, June 30 $ 302,502 4,544,778 $ 5,218,032 $ 4,915,530 $

CITY OF EMERYVILLE

MAJOR MAINTENANCE CAPITAL PROJECTS FUND
Budget Amounts
162

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 3,432,643 $ 3,432,643 $ 3,432,643 $ - Resources (Inflows)
Miscellaneous 532,400 532,400 532,400 -
Amounts Available for Appropriations 3,965,043 3,965,043 3,965,043 - Charges to Appropriation (Outflow)
Capital outlay 1,056,320 330,000 266,426 789,894
Total Charges to Appropriations 330,000 1,056,320 266,426 789,894 Fund Balance, June 30 $ 3,635,043 $ 2,908,723 $ 3,698,617 $ 789,894

CITY OF EMERYVILLE

VEHICLE REPLACEMENT CAPITAL PROJECT FUND
Budget Amounts
163

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 8,881,255 $ 8,881,255 $ 8,881,255 $ - Resources (Inflows)
Investment income - - 47,687 47,687
Amounts Available for Appropriations 8,881,255 8,881,255 8,928,942 47,687 Charges to Appropriation (Outflow)
Capital outlay 8,407,198 - 5,255,983 3,151,215
Total Charges to Appropriations 8,407,198 - 5,255,983 3,151,215 Fund Balance, June 30 $ 8,881,255 $ 474,057 $ 3,672,959 $ 3,198,902

CITY OF EMERYVILLE

RDA BOND CAPITAL PROJECT FUND
Budget Amounts
164

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 2,971,230 $ 2,971,230 $ 2,971,230 $ - Resources (Inflows)
Investment income - 14,479 - 14,479
Developer contributions - - - -
Amounts Available for Appropriations 2,971,230 2,971,230 2,985,709 14,479 Charges to Appropriation (Outflow)
Capital outlay 4,448,527 - 1,304,371 3,144,156
Total Charges to Appropriations 4,448,527 - 1,304,371 3,144,156 Fund Balance, June 30 $ 2,971,230 $ (1,477,297) $ 1,681,338 $ 3,158,635

CITY OF EMERYVILLE

DEVELOPER CONTRIBUTIONS CAPITAL PROJECT FUND
Budget Amounts
165

BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Positive
Original Budget Final Budget Actual (Negative)
Budgetary Fund Balance, July 1 $ 3,051 $ 3,051 $ 3,051 $ - Resources (Inflows)
Transfers in 368,900 368,900 369,355 455
Amounts Available for Appropriations 371,951 371,951 372,406 455 Charges to Appropriation (Outflow)
Debt service:

Principal retirement 290,900 290,900 290,900 -
Interest and fiscal charges 78,100 78,100 78,455 (355)
Total Charges to Appropriations 369,000 369,355 369,000 (355) Fund Balance, June 30 $ 2,951 2,951 $ 3,051 $ 100 $

CITY OF EMERYVILLE
1998 LEASE REVENUE SERIES A BOND DEBT SERVICE FUND
Budget Amounts
166

CITY OF EMERYVILLE

INTERNAL SERVICE FUNDS
Internal Service Funds are used to account for the financing of goods and services provided by one department or agency to other departments or agencies on a cost-sharing basis.

The Litigation Fund accounts for all litigation expenses of the City and the Community Development Commission of Emeryville except for activity specifically associated with a Capital Improvement Project.

The fund is supported by interfund transfers from the General Fund, the Sewer Fund and, when appropriate, the Commission.

The MESA Fund accounts for activities of the Management of Emeryville Services Authority.

The Workers’ Compensation Self-Insurance Fund pays for the City’s Workers’ Compensation Program, under which the City is self-insured for the first $350,000 of each claim. The fund is supported through premium rates charged to departmental budgets on each covered employee.

The Dental Self-Insurance Fund pays for dental coverage provided to City employees. The fund is supported through premium rates charged to departmental budgets based on employees covered. The SelfInsurance Fund pays monthly claims for active and retired employees plus an administrative surcharge.

The Unemployment Self-Insurance Fund pays for required unemployment premiums. The fund is supported through premium rates charged to departmental budgets on each covered employee.

The Accrued Benefits Fund was established to support the City’s unfunded liability for accrued leave buyouts paid to City employees upon separation of service. These leaves include accrued sick leave, vacation leave and compensatory time. The fund is supported by interdepartmental payroll changes.

The Post-Employment Fund accounts for the City’s retiree medical, dental and vision benefits. 167

CITY OF EMERYVILLE

INTERNAL SERVICE FUNDS

COMBINING STATEMENT OF NET POSITION
JUNE 30, 2021
Litigation MESA
Workers'
Compensation SelfInsurance
ASSETS:

Current Assets:

Cash and investments $ 2,161,963 $ - $ 5,763,519
Receivables:

Accounts - - -
Accrued interest 755 - 1,964
Prepaid costs - - -
Total Assets 2,162,718 - 5,765,483
LIABILITIES:

Current Liabilities:

Accounts payable 11,837 - 42,856
Deposits payable - - -
Compensated absences - - -
Claims and judgements 16,873 - 724,497
Total Current Liabilities 28,710 - 767,353
Noncurrent Liabilities:

Compensated absences - - -
Claims and judgements 41,858 - 2,613,503
Total Noncurrent Liabilities 41,858 - 2,613,503
Total Liabilities 70,568 - 3,380,856
NET POSITION:

Unrestricted 2,092,150 - 2,384,627
Total Net Position $ - 2,092,150 $ $ 2,384,627
168

Dental Self
Insurance
Unemployment
Insurance Accrued Benefits Post Employement Total
$ 90,730 27,749 $ 2,726,706 $ 7,295,564 $ 18,066,231 $
- - - 8,257 8,257
30 4 963 2,539 6,255
- - - 1,889 1,889
90,760 27,753 2,727,669 7,308,249 18,082,632
5,301 13,061 - - 73,055
- - - - -
- - 1,656,904 - 1,656,904
- - - - 741,370
5,301 13,061 1,656,904 - 2,471,329
- - 1,423,703 - 1,423,703
- - - - 2,655,361
- - 1,423,703 - 4,079,064
5,301 13,061 3,080,607 - 6,550,393
85,459 14,692 (352,938) 7,308,249 11,532,239
$ 85,459 14,692 $ (352,938) $ $ 7,308,249 $ 11,532,239
169

CITY OF EMERYVILLE

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES AND

CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2021
Litigation MESA
Workers'
Compensation SelfInsurance

OPERATING REVENUES
Charges for services $ 70,521 $ 13,824,297 $ 1,276,491
Intergovernmental - - -
Total Operating Revenues 70,521 13,824,297 1,276,491

OPERATING EXPENSES
Administration and general - 13,824,297 279,525
Claim expense 161,173 - 264,430
Total Operating Expenses 161,173 13,824,297 543,955
Operating Income (Loss) (90,652) - 732,536

NONOPERATING REVENUES (EXPENSES)
Investment income 12,319 - 30,942
Total Nonoperating Revenues (Expenses) 12,319 - 30,942
Income (Loss) Before Transfers (78,333) - 763,478

TRANSFERS
Transfers (out) - - (500,000)
Net Transfers - - (500,000)
CHANGE IN NET POSITION (78,333) - 263,478
BEGINNING NET POSITION 2,170,483 - 2,121,149
ENDING NET POSITION $ 2,092,150 $ - $ 2,384,627
170

Dental Self Insurance
Unemployment
Insurance Accrued Benefits Post Employement Total
$ 42,244 202,811 $ 288,848 $ 224,147 $ 15,929,359 $
122,336 - - - 122,336
164,580 202,811 288,848 224,147 16,051,695
- 29,482 465,836 234,195 14,833,335
218,678 188,770 - - 833,051
218,678 218,252 465,836 234,195 15,666,386
(54,098) (15,441) (176,988) (10,048) 385,309
699 154 15,602 40,733 100,449
699 154 15,602 40,733 100,449
(53,399) (15,287) (161,386) 30,685 485,758
- - - - (500,000)
- - - - (500,000)
(53,399) (15,287) (161,386) 30,685 (14,242)
138,858 29,979 (191,552) 7,277,564 11,546,481
$ 85,459 14,692 $ (352,938) $ 7,308,249 $ 11,532,239 $
171

CITY OF EMERYVILLE

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF CASH FLOW
FOR THE YEAR ENDED JUNE 30, 2021
Litigation MESA
Workers'
Compensation
Self-Insurance

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users 70,521 $ $ 13,824,297 $ 1,276,491 Payments to suppliers and providers (99,477) - (298,057) Payments to employees for salaries and benefits - (13,824,297) - Payments for claims (161,244) (431,430)
Cash Flows from Operating Activities (190,200) - 547,004

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers out - - (500,000)
Cash Flows from Noncapital Financing Activities - - (500,000)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on cash and cash investments 15,033 - 37,164
Cash Flows from Investing Activities 15,033 - 37,164
Net increase (decrease) in cash and cash equivalents (175,167) - 84,168 Cash and cash equivalents at beginning of period - 5,679,351 2,337,130 Cash and cash equivalents at end of period $ - 2,161,963 $ 5,763,519 $ Reconciliation of operating income (loss) to net cash provided by operating activities:

Operating income (loss) (90,652) $ - $ $ 732,536
Adjustments to reconcile operating income to net cash provided by operating activities:
(Increase) in accounts receivable - - -
Decrease in prepaid costs - - -
Increase (decrease) in accounts payable (99,477) - (18,532) Increase (decrease) in deposits payable - - -
(Decrease) in compensated absences - - -
Increase (decrease) in claims and judgments (71) - (167,000) Cash Flows from Operating Activities $ (190,200) $ - $ 547,004 172

Dental Self-Insurance
Unemployment
Insurance Accrued Benefits Post Employment Total
$ 169,881 202,811 $ 288,848 $ 205,740 $ 16,038,589 $
- (26,466) - (241,955) (665,955)
- - (418,839) - (14,243,136)
(218,678) (188,770) - - (1,000,122)
(48,797) (12,425) (129,991) (36,215) 129,376
- - - - (500,000)
- - - - (500,000)
865 167 18,803 85,804 157,836
167 865 18,803 85,804 157,836
(47,932) (12,258) (111,188) 49,589 (212,788)
138,662 40,007 2,837,894 7,245,975 18,279,019
$ 90,730 27,749 $ 2,726,706 $ 7,295,564 $ 18,066,231 $
$ (54,098) (15,441) $ (176,988) $ (10,048) $ 385,309 $
- - - (18,384) (18,384)
- - - (23) (23)
5,301 3,016 (104) - (109,796)
- - - (7,760) (7,760)
- - 47,101 - 47,101
- - - - (167,071)
$ (48,797) (12,425) $ (129,991) $ (36,215) $ 129,376 $
173
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CITY OF EMERYVILLE

CUSTODIAL FUNDS
The 1999 Revenue Bonds Fund and Assessment District Funds (East Baybridge and Bay Shellmound) account for the receipt of special assessments and the payment of principal, interest, and bond administration costs on Assessment District Bonds. These funds are treated as Custodial Funds because the City is not liable for their bond repayments.
175

CITY OF EMERYVILLE

CUSTODIAL FUNDS

COMBINING STATEMENT OF NET POSITION
JUNE 30, 2021
East Baybridge Bay Shellmound Total
1999 Revenue Assessment Assessment Custodial
Bonds District District Funds
ASSETS:

Cash and investments $ - $ 26,721 $ 902,345 $ 929,066
Restricted cash and investments with fiscal agents 562,088 14,110 164,295 740,493 Receivables:

Accrued interest - 14 371 385
Total Assets 562,088 40,845 1,067,011 1,669,944

NET POSITION
Restricted for bondholders. 562,088 40,845 1,067,011 1,669,944 Total Net Position $ 562,088 $ 40,845 $ 1,067,011 $ 1,669,944 176

CITY OF EMERYVILLE

CUSTODIAL FUNDS

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2021
East Baybridge Bay Shellmound Total
1999 Revenue Assessment Assessment Custodial
Bonds District District Elimination Funds

ADDITIONS
Special assessments $ 369,500 $ - $ - $ - 369,500 $
Investment income 9 3,709 5,666 - 9,384
Transfers in 150,000 - - (150,000) -
Total additions 519,509 3,709 5,666 (150,000) 378,884

DEDUCTIONS
Administrative expenses - 3,105 - - 3,105
Contractual services - 3,988 1,848 - 5,836
Payments to bondholders 534,545 219,500 - - 754,045
Transfers (out) - 150,000 - (150,000) -
Total deductions 534,545 376,593 1,848 (150,000) 762,986 Net change in position (15,036) (372,884) 3,818 - (384,102) Net position - beginning, as restated 577,124 413,729 1,063,193 - 2,054,046 Net position - ending $ 562,088 $ 40,845 $ 1,067,011 $ 1,669,944 - $ 177
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CITY OF EMERYVILLE

PRIVATE-PURPOSE TRUST FUNDS
The Private-Purpose Trust Funds are used to account for the assets and liabilities of the Successor Agency of the former Redevelopment Agency per the Redevelopment dissolution laws AB 1X 26 and AB 1484.

The funds receive revenue to pay estimated installment payments of the enforceable obligations until obligations of the former Redevelopment Agency are paid in full and assets have been liquidated.

The RDA Retirement Fund accounts for the redevelopment property tax trust fund (RPTTF) revenues allocated to the Successor Agency to pay for approved recognized obligations of the former redevelopment agency. During fiscal year 2015, most of the other redevelopment project funds have been consolidated into this fund to complete the process of winding down the Agency.

The 2014A Debt Service Fund receives transfers from the RDA Retirement Fund and accounts for payments of principal and interest on the Tax Allocation Refunding Bonds Series 2014A.

The 2014B Debt Service Fund receives transfers from the RDA Retirement Fund and accounts for payments of principal and interest on the Tax Allocation Refunding Bonds Series 2014B.

The 1998 Lease Revenue Series A Bond Fund receives transfer from the General Fund and accounts for payments of principal and interest on the 1998 Lease Revenue Series A Bonds. 179

CITY OF EMERYVILLE

PRIVATE-PURPOSE TRUST FUNDS

COMBINING STATEMENT OF NET POSITION
JUNE 30, 2021
Total Private2014A Debt 2014B Debt Purpose Trust
RDA Retirement Service Service Funds
ASSETS:

Cash and investments $ 7,545,733 $ - $ 7,545,733 - $
Cash and investments with fiscal agents - 8,573,971 1,173,126 9,747,097 Receivables:

Accounts 434 - - 434
Accrued interest 4,556 - - 4,556
Loans receivable 13,261,569 - - 13,261,569
Prepaid costs - 325,764 43,070 368,834
Land held for resale 24,818,694 - - 24,818,694
Capital assets:

Capital assets, not being depreciated 11,333,991 - - 11,333,991 Total Assets 56,964,977 8,899,735 1,216,196 67,080,908
LIABILITIES:

Accounts payable 172,526 - - 172,526
Accrued interest - 1,007,667 118,749 1,126,416
Long-term liabilities:

Bonds due in one year - 6,745,000 995,000 7,740,000
Pollution remediation obligations due in one year 50,000 - - 50,000 Bonds due in more than one year - 64,350,140 7,712,394 72,062,534 Pollution remediation obligation due
in more than one year 567,500 - - 567,500
Total Liabilities 790,026 72,102,807 8,826,143 81,718,976

NET POSITION HELD IN TRUST FOR
Held in trust for other purposes 56,174,951 (63,203,072) (7,609,947) (14,638,068) Total Net Position $ 56,174,951 $ (7,609,947) (63,203,072) $ $ (14,638,068)

PRIVATE PURPOSES
180

CITY OF EMERYVILLE

PRIVATE-PURPOSE TRUST FUNDS

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED JUNE 30, 2021
Total Private2014A Debt 2014B Debt Purpose Trust
RDA Retirement Service Service Elimination Funds

ADDITIONS
Taxes $ 14,330,220 $ - $ - $ - 14,330,220 $
Investment income 349,868 2,145 - - 352,013
Miscellaneous 22,033 - - - 22,033
Transfers in - 9,768,000 1,351,247 - (11,119,247)
Total additions 14,702,121 9,770,145 1,351,247 (11,119,247) 14,704,266

DEDUCTIONS
Administrative expenses 254,576 - - - 254,576
Contractual services 2,239,501 - - - 2,239,501
Interest expense - 2,340,479 369,950 - 2,710,429
Contributions to other governments 490,178 - - - 490,178 Transfers out 11,119,247 - - (11,119,247) -
Total deductions 14,103,502 2,340,479 369,950 (11,119,247) 5,694,684 Net change in position 598,619 7,429,666 981,297 - 9,009,582 Net position - beginning 55,576,332 (70,632,738) (8,591,244) - (23,647,650) Net position - ending $ 56,174,951 $ (7,609,947) (63,203,072) $ $ (14,638,068) - $ 181
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Contents
Financial Trends I - IV
These schedules contain trend information to help the reader understand how the city's financial performance and well-being have changed over time.

Revenue Capacity V - IX
These schedules contain information to help the reader assess the factors affecting the city's ability to generate its property and sales taxes.

Debt Capacity X - XIV
These schedules present information to help the reader assess the affordability of the city's current levels of outstanding debt and the city's ability to issue additional debt in the future.

Demographic and Economic Information XV - XVII
These schedules offer demographic and economic indicators to help the reader understand the environment within which the city's financial activities take place.

Operating Information XVIII - XIX
These schedules contain information about the city's operations and resources to help the reader understand how the city's financial information relates to the services the city provides and the activities it performs.

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.

Statistical Section
This part of the City of Emeryville's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the city's overall financial health.

GASB issued Statement no. 44, Economic Condition Reporting; The Statistical Section - an amendment of NCGA Statement 1 . This statement amends the portions of NCGA Statement 1, Governmental Accounting and Financial Reporting Principles, that guide the preparation of the statistical section. The statistical section presents details information, typically in ten-year statements, and required supplementary information to assess the economic condition of a government. During fiscal year 2005-2006, the City implemented this statement and added new information that financial statement users have identified as important and eliminated certain schedules previously required.

Schedule
GASB issued Statement no. 54, Fund Balance Reporting and Governmental Fund Type Definitions .

This changed the reporting requirements for fund balances in the financial statements. The City implemented this statement effective fiscal year 2010-2011. 183
City of Emeryville
Statistical Section - Table I
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2012 2013 2014 2015
Governmental activities
Net investment in capital assets 71,117,064 $ 70,942,145 $ 69,332,175 $ 70,686,033 $ Restricted 28,022,282 24,847,447 59,193,273 68,180,423
Unrestricted 81,076,521 91,803,642 85,724,838 70,585,332 Total governmental activities net position $ 180,215,867 $ 187,593,234 $ 214,250,286 $ 209,451,788 Business-type activities
Net investment in capital assets $ 5,660,931 $ 5,621,688 $ 6,698,183 $ 8,199,483 Restricted 4,061,654 - 4,120,256 1,393,732
Unrestricted 4,122,213 526,498 (332,233) 1,436,219
Total business-type activities net position $ 9,783,144 $ 10,209,840 $ 10,486,206 $ 11,029,434 Primary government
Net investment in capital assets $ 76,777,995 $ 76,563,833 $ 76,030,358 $ 78,885,516 Restricted 28,022,282 28,909,101 63,313,529 69,574,155
Unrestricted 85,198,734 92,330,140 85,392,605 72,021,551 Total primary government net position $ 189,999,011 $ 197,803,074 $ 224,736,492 $ 220,481,222 Notes:

1. Restated 2016 due to the reclassification of capital improvement project to the Successor Agency for property remediation payments.

2. Restated 2016 due to the reclassification of prior year unavailable revenues for notes and loans, operating contribution and grants. 184
2016 2017 2018 2019 2020 2021
$ 68,973,451 1 67,638,982 $ $ 69,236,908 $ 86,768,020 $ 94,116,338 $ 107,889,826 51,000,633 60,752,375 90,047,586 94,720,674 56,084,907 49,200,357 65,389,801 2 65,636,489 38,781,480 46,880,616 88,435,683 91,861,373 $ 185,363,885 $ 194,027,846 $ 198,065,974 $ 228,369,310 $ 238,636,928 $ 248,951,556 $ 8,112,330 $ 8,385,897 $ 8,199,975 $ 8,008,915 $ 7,817,855 $ 7,626,795 2,063,866 2,024,388 2,641,903 2,343,339 2,756,937 7,179,901 1,488,977 1,775,733 1,733,373 2,694,264 3,741,587 -
$ 11,665,173 $ 12,186,018 $ 12,575,251 $ 13,046,518 $ 14,316,379 $ 14,806,696 $ 77,085,781 $ 76,024,879 $ 77,436,883 $ 94,776,935 $ 101,934,193 $ 115,516,621 53,064,499 62,776,763 92,689,489 97,064,013 58,841,844 56,380,258 66,878,778 67,412,222 40,514,853 49,574,880 92,177,270 91,861,373 $ 197,029,058 $ 206,213,864 $ 210,641,225 $ 241,415,828 $ 252,953,307 $ 263,758,252 185
City of Emeryville
Statistical Section - Table II
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
2011 2012 2013 2014
Expenses
Governmental activities:

City council $ 156,464 198,545 $ 135,680 $ 147,451 $
City manager 828,254 785,948 735,876 727,135
City attorney 551,094 575,138 611,437 563,063
Finance 994,340 980,690 927,811 877,587
Human resources 519,904 501,198 484,534 531,949
Information technology (1) 851,621 458,198 414,117 508,324 Non-departmental operations 2,403,558 4,278,814 6,112,564 2,706,578 Police 10,798,775 11,378,218 9,562,030 9,752,016
Fire 5,999,409 6,609,451 5,756,509 5,822,379
Planning and building 2,431,549 2,342,453 2,029,904 2,813,429 Economic development and housing 1,332,486 1,158,471 851,573 985,197 Redevelopment 24,835,711 6,234,608 13,217 14,760
Property based improvement district 2,333,268 2,595,503 2,595,430 2,781,500 Community services 462,352 503,917 528,468 565,762
Child development 1,532,716 1,612,081 1,636,046 1,761,693 Youth services 789,805 758,726 690,136 749,982
Adult services 493,312 568,824 513,434 613,182
Public works 6,315,903 5,849,696 7,740,917 6,694,496
Interest on long-term debt 8,601,997 1,684,396 254,261 288,239 Total governmental activities expenses 73,432,172 47,875,221 41,593,944 38,904,722 Business-type activities:

Sewer 917,778 287,866 683,694 561,301
Total business-type activities expenses 917,778 287,866 683,694 561,301 Total primary government expenses $ 74,349,950 $ 48,163,087 $ 42,277,638 $ 39,466,023 Program Revenues
Governmental activities:

Charges for services:

General Government $ 3,476,829 $ 4,359,415 $ 3,201,642 $ 3,527,580 Public Safety 1,060,203 1,046,790 960,653 723,200
Redevelopment 100,444 91,756 - -
Property Based Improvement District 2,317,000 2,658,783 2,599,561 2,635,700 Child Development 1,016,489 1,158,535 1,082,712 1,153,904 Operating grants and contributions 3,928,985 3,289,333 7,444,528 1,600,076 Capital grants and contributions 457,353 275,311 462,268 22,662,691 Total governmental activities program revenues 12,357,303 12,879,923 15,751,364 32,303,151 Business-type activities:

Charges for services:

Sewer 836,303 923,876 1,164,788 823,223
Capital grants and contributions - - - -
Total business-type activities program revenues 836,303 923,876 1,164,788 823,223 Total primary government program revenues $ 13,193,606 $ 13,803,799 $ 16,916,152 $ 33,126,374 (1) Information technology division previously reported in the Finance department. 186
2015 2016 2017 2018 2019 2020 2021
$ 176,050 $ 187,581 $ 202,159 $ 222,581 $ 219,654 $ 205,422 $ 209,478 925,387 1,181,250 1,408,437 1,392,176 1,137,782 1,170,384 1,115,048 561,181 416,252 585,501 534,354 600,453 622,553 648,922 934,110 897,179 1,144,663 1,093,976 1,118,840 1,353,480 1,114,110 668,129 804,087 888,463 790,400 728,794 764,058 771,678 929,009 951,426 1,135,305 1,205,716 1,174,675 1,507,232 1,386,556 2,691,552 4,016,297 3,792,532 3,275,291 3,779,538 3,760,939 3,200,319 11,150,202 11,851,855 13,087,370 13,518,734 14,009,706 16,129,575 16,437,792 5,785,323 6,730,833 7,763,651 8,134,164 8,895,473 10,041,674 9,508,535 2,956,040 4,163,311 3,149,159 3,047,003 4,284,383 3,525,039 4,021,359 3,347,980 20,356,084 1,256,037 5,975,087 1,254,963 3,435,320 2,122,080 - 41,299 146,400 135,711 97,523 99,971 -
2,959,562 3,761,548 3,863,878 4,064,405 4,263,247 4,648,962 4,687,374 550,757 560,878 920,268 1,062,542 996,837 629,765 600,318 2,175,222 2,425,147 2,410,524 2,308,874 2,293,295 2,592,826 2,552,161 1,013,719 1,239,033 1,344,674 1,422,486 1,548,998 1,543,285 1,237,409 691,662 651,986 1,052,711 1,041,631 1,067,215 1,086,775 683,041 6,515,111 6,250,213 13,547,948 9,013,050 7,532,228 8,959,551 9,638,507 127,828 127,351 125,557 101,435 88,945 89,646 78,455
44,158,824 66,613,610 57,825,237 58,339,616 55,092,549 62,166,457 60,013,142 518,487 550,046 772,290 564,159 544,936 522,049 632,196 518,487 550,046 772,290 564,159 544,936 522,049 632,196 $ 44,677,311 $ 67,163,656 $ 58,597,527 $ 58,903,775 $ 55,637,485 $ 62,688,506 $ 60,645,338 $ 4,848,345 $ 9,780,050 $ 9,432,477 $ 6,472,435 $ 7,685,851 $ 8,042,722 $ 7,040,241 1,020,216 798,029 1,017,546 994,626 783,767 3,094,764 1,662,227 - 40,000 40,000 84,064 16,331 44,945 45,836
2,959,562 3,220,017 3,368,624 3,735,926 3,765,814 4,025,621 4,013,995 2,175,222 1,087,616 1,137,338 1,311,260 1,426,793 1,016,238 959,502 4,016,627 3,472,039 5,472,374 4,980,866 2,934,567 3,518,339 5,219,090 20,926,547 2,763,083 2,498,959 784,752 114,227 1,541,090 354,207 35,946,519 21,160,834 22,967,318 18,363,929 16,727,350 21,283,719 19,295,098 1,189,759 845,356 1,265,566 996,519 967,840 1,737,964 1,270,560 - 400,000 - - - - -
1,189,759 1,245,356 1,265,566 996,519 967,840 1,737,964 1,270,560 $ 37,136,278 $ 22,406,190 $ 24,232,884 $ 19,360,448 $ 17,695,190 $ 23,021,683 $ 20,565,658 187
City of Emeryville
Statistical Section - Table II (continued)
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
2011 2012 2013 2014
Net (Expense)/Revenue
Governmental activities (61,074,869) $ (34,995,298) $ (25,842,580) $ (6,601,571) $ Business-type activities 636,010 (81,475) 481,094 261,922 Total primary government net expense (61,156,344) $ (34,359,288) $ (25,361,486) $ (6,339,649) $ General Revenues and Other Changes in Net Position
Governmental activities:

Taxes
Property taxes $ 2,505,928 1,385,512 $ 8,582,917 $ 4,510,321 $ Tax increment 16,341,753 37,569,786 - -
Transient occupancy taxes 3,598,234 4,233,189 4,851,768 5,276,554 Sales taxes 7,021,597 6,849,909 7,513,925 8,038,150
Franchise taxes 1,483,662 1,176,642 1,325,775 1,597,846 Business license taxes 5,723,477 6,919,263 7,321,687 7,531,077 Other taxes 2,919,399 3,587,949 3,080,911 3,520,812
Motor Vehicle in lieu 617,024 662,256 630,599 651,661
Use of money and property 3,032,246 2,298,784 399,545 2,004,475 Miscellaneous 101,901 58,330 459,536 115,883
Extraordinary gain/(loss) (3,903,786) - 1,465,064 -
Special item - - - -
Transfers 81,500 81,500 81,500 63,264
Total governmental activities 63,725,841 40,620,214 35,713,227 33,310,043 Business-type activities:

Use of money and property 82,504 45,948 27,102 26,208
Miscellaneous - - - -
Transfers (81,500) (81,500) (81,500) (63,264)
Total business-type activities 1,004 (35,552) (54,398) (37,056) Total primary government $ 63,726,845 $ 40,584,662 $ 35,658,829 $ 33,272,987 Change in Net Position
Governmental activities $ 2,650,972 $ 5,624,916 $ 9,870,647 $ 26,708,472 Business-type activities (80,471) 600,458 426,696 224,866 Total primary government $ 2,570,501 $ 6,225,374 $ 10,297,343 $ 26,933,338 188
2015 2016 2017 2018 2019 2020 2021
$ (8,212,305) $ (45,452,776) $ (34,857,919) $ (39,975,687) $ (38,365,199) $ (40,882,738) $ (40,718,044) 671,272 695,310 493,276 432,360 422,904 1,215,915 638,364 $ (7,541,033) $ (44,757,466) $ (34,364,643) $ (39,543,327) $ (37,942,295) $ (39,666,823) $ (40,079,680) $ 6,277,517 $ 9,299,477 $ 7,393,808 $ 8,453,487 $ 8,920,973 $ 9,979,951 $ 20,780,101 - - - - - - -
5,911,821 6,894,846 7,426,301 8,321,942 8,687,505 6,027,857 2,278,249 8,233,456 8,507,880 8,632,015 8,729,795 9,327,118 7,839,940 10,371,518 1,602,164 1,643,944 1,694,244 1,789,616 1,863,560 1,989,366 1,983,038 7,668,497 8,172,325 8,711,004 8,984,641 9,567,421 8,658,838 6,524,869 4,390,169 5,959,825 6,639,571 9,398,190 7,769,284 10,559,305 3,030,308 679,813 759,623 807,327 853,910 905,486 963,890 1,029,008 1,739,427 2,220,381 1,978,664 2,520,500 6,229,843 5,075,406 2,454,252 150,307 731,945 238,946 94,115 106,793 84,553 2,395,529 - - - - - - -
674,053 - - - 14,976,044 - -
30,000 81,500 - 51,500 51,500 51,500 185,800
37,357,224 44,271,746 43,521,880 49,197,696 68,405,527 51,230,606 51,032,672 20,697 21,929 27,569 51,443 99,863 105,446 37,753
- - - - - - -
(30,000) (81,500) - (51,500) (51,500) (51,500) (185,800) (9,303) (59,571) 27,569 (57) 48,363 53,946 (148,047)
$ 37,347,921 $ 44,212,175 $ 43,549,449 $ 49,197,639 $ 68,453,890 $ 51,284,552 $ 50,884,625 $ 29,144,919 $ (1,181,030) $ 8,663,961 $ 9,222,009 $ 30,040,328 $ 10,347,868 $ 10,314,628 661,969 635,739 520,845 432,303 471,267 1,269,861 490,317 $ 29,806,888 $ (545,291) $ 9,184,806 $ 9,654,312 $ 30,511,595 $ 11,617,729 $ 10,804,945 189
City of Emeryville
Statistical Section - Table III
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2012 2013 2014 2015
General Fund
Nonspendable 10,528,997 $ 12,105,075 $ 13,620,689 $ 7,179,797 $ Restricted 100,000 100,000 100,000 100,000
Committed 8,023,603 10,962,630 11,161,002 6,578,314
Assigned 5,133,044 1,320,228 1,328,589 1,335,717
Unassigned 12,361,223 10,298,184 11,977,384 18,719,632
Total General Fund 36,146,867 $ 34,786,117 $ 38,187,664 $ 33,913,460 $ All other government funds:

Nonspendable: 10,011,641 11,816,426 - -
Restricted for: 17,084,717 24,747,447 59,093,273 67,478,317 Committed to: 13,525,478 13,195,339 13,298,713 26,063,322 Assigned to: - - - 9,573,983
Unassigned (1,429) (2,891,620) - 2,397,964
Total all other governmental funds 40,620,407 $ 46,867,592 $ 72,391,986 $ 105,513,586 $

1. Restated 2016 due to the recognition of grant fund revenue in prior year.

Notes:
190
2016 2017 2018 2019 2020 2021
$ 565,502 $ 319,095 $ 38,877 $ 43,363 $ 67,583 $ 48,546 100,000 100,000 180,000 363,652 343,371 319,323
35,920,416 35,529,250 33,631,564 38,186,648 39,451,092 40,336,617 1,344,194 2,354,457 3,382,403 3,451,939 3,137,915 3,135,503 1,271,572 2,404,324 1 3,843,833 7,759,918 9,997,255 10,460,005 $ 39,201,684 $ 40,707,126 $ 41,076,677 $ 49,805,520 $ 52,997,216 $ 54,299,994 - 605 - - 20,434 -
50,900,633 60,652,375 89,867,586 94,357,022 55,741,536 48,881,034 44,398,585 44,888,763 17,238,821 18,493,798 59,670,444 65,609,682 3,440,097 3,907,818 4,476,972 5,050,415 5,219,885 5,616,979 - - - - - -
$ 98,739,315 $ 109,449,561 $ 111,583,379 $ 117,901,235 $ 120,652,299 $ 120,107,695 191
City of Emeryville
Statistical Section - Table IV
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2012 2013 2014 2015
Revenues
Taxes $ 35,376,452 44,714,476 $ 32,977,187 $ 36,930,822 $ Licenses, fees, and permits 3,052,139 2,614,809 2,838,908 5,200,746 Intergovernmental 3,256,511 3,104,155 2,229,424 3,025,831 Contribution from property owners - 50,000 - -
Charges for services 2,412,242 2,033,755 2,160,395 2,002,438 Investment income 1,337,619 (364,083) 1,211,943 890,364 Rent 665,282 788,017 726,983 767,502
Contributions 64,859 - 22,423,847 21,245,659
Developer participation - - 110,000 44,250
Miscellaneous 2,892,047 2,562,328 1,883,198 3,290,982
Total revenues 58,123,332 46,437,276 66,561,885 73,398,594 Expenditures
City council 135,680 144,437 137,582 159,002
City manager 735,876 794,438 722,230 899,964
City attorney 611,437 527,034 563,063 547,371
Finance 927,811 951,575 876,395 963,708
Human resources 481,470 484,534 531,949 643,173
Information technology (1) 440,049 414,117 435,804 828,759 Non-departmental operations 3,901,109 5,187,691 2,371,880 2,375,549 Police 10,284,431 9,562,030 9,569,271 10,302,605
Fire 5,566,539 5,756,509 5,633,392 6,258,898
Planning and building 2,290,201 2,029,904 2,813,429 2,897,036 Economic development and housing 1,125,218 851,573 819,501 3,311,696 Redevelopment 5,935,117 13,217 14,760 -
Property based improvement district 2,595,503 2,595,430 2,781,500 2,959,562 Community services 493,124 528,468 565,762 525,778
Child development 1,504,029 1,636,046 1,720,257 1,925,895 Youth services 696,024 690,136 721,432 967,695
Adult services 555,907 513,434 611,513 677,616
Public works 3,746,043 4,203,173 3,403,038 3,382,517
Capital outlay 3,839,928 1,569,071 1,833,881 4,397,318
Debt service:

Principal retirement 6,265,686 227,182 4,980,900 241,900 Interest and fiscal charges 4,380,048 256,940 306,466 135,156 Total expenditures 56,517,910 38,930,259 41,414,005 44,401,198 Excess of revenues over
(under) expenditures 1,605,422 7,507,017 25,147,880 28,997,396 Other Financing Sources (Uses)
Transfers in 25,761,833 4,117,235 2,645,924 12,784,535
Transfers out (26,489,500) (4,265,735) (3,314,160) (12,934,535) Other debt issued - - - -
Proceeds from the sale capital assets 10,024 21,198 55,997 - Refunding of bonds issued - - 4,390,300 -
Total other financing
sources (uses) (717,643) (127,302) 3,778,061 (150,000)
Extraordinary gain/(loss) on dissolution
of redevelopment agency (Note 18) (123,195,381) - - -
Net change in Fund Balance $ (122,307,602) $ 7,379,715 $ 28,925,941 $ 28,847,396 Debt service as a percentage of noncapital expenditures 20.2% 1.3% 13.4% 0.9% Notes:

1. Information technology division previously reported in the Finance department. 192
2016 2017 2018 2019 2020 2021
$ 44,338,425 $ 43,865,567 $ 49,115,972 $ 49,921,074 $ 49,121,004 $ 49,187,821 8,627,186 8,345,892 4,809,917 5,803,734 7,150,661 7,462,296 3,572,596 4,697,180 4,759,150 4,275,288 3,303,809 5,224,423 - - - - - -
1,914,563 1,944,900 2,110,315 2,256,270 1,704,087 1,304,852 1,318,846 884,800 1,219,899 4,772,564 3,848,306 1,968,687 809,172 982,184 1,108,614 1,102,264 893,139 689,319
1,762,756 1,742,497 362,726 130,416 357,468 331,814
73,771 - 3,060 - 1,442,000 -
4,274,525 3,632,418 2,869,907 2,801,351 3,656,696 4,086,315 66,691,840 66,095,438 66,359,560 71,062,961 71,477,170 70,255,527 173,094 188,481 208,890 214,559 204,213 202,931
1,159,302 1,264,541 1,298,346 1,124,576 1,037,140 999,183 410,125 539,571 509,639 594,489 546,763 491,405
875,409 1,028,922 1,028,306 1,103,089 1,204,350 982,305 788,536 783,842 732,127 722,633 664,688 681,387
859,896 852,415 987,075 1,137,306 1,251,103 1,242,404
3,635,154 3,493,521 3,185,740 3,558,762 3,587,004 3,029,929 10,538,221 11,658,176 16,265,427 12,896,563 14,145,368 14,026,356 6,405,297 7,079,486 7,888,892 8,380,914 8,884,529 9,410,896 3,767,846 3,058,630 3,041,482 4,363,993 3,334,957 3,794,177 20,343,610 1,199,277 5,947,215 1,249,415 3,357,737 2,055,180 - - - - - -
3,761,548 3,863,878 4,064,405 4,263,247 4,648,962 4,687,374 551,581 865,999 1,026,324 994,020 630,543 600,352
1,997,610 2,149,360 2,121,898 2,261,778 2,331,071 2,273,418 1,189,876 1,263,087 1,356,466 1,495,713 1,452,827 1,148,805 643,700 963,650 961,012 987,296 948,164 548,505
3,248,768 9,814,017 6,189,128 5,502,678 4,675,419 4,754,410 7,190,599 2,783,709 4,884,123 5,096,276 11,952,431 18,884,781 252,700 258,100 263,200 272,900 282,100 290,900
128,199 121,088 102,731 94,783 86,541 78,455
67,921,071 53,229,750 62,062,426 56,314,990 65,225,910 70,183,153 (1,229,231) 12,865,688 4,297,134 14,747,971 6,251,260 72,374 9,275,128 18,249,921 3,273,326 2,244,824 2,901,232 5,047,854 (9,773,628) (18,899,921) (5,091,826) (2,223,324) (3,209,732) (4,362,054) - - - - - -
- - 24,735 14,220 - -
- - - - - -
(498,500) (650,000) (1,793,765) 35,720 (308,500) 685,800 - - - - - -
$ (1,727,731) $ 12,215,688 $ 2,503,369 $ 14,783,691 $ 5,942,760 $ 758,174

0.6% 0.8% 0.6% 0.7% 0.7% 0.7%
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City of Emeryville
Statistical Section - Table V
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
Total
Less: Total Taxable Direct
Fiscal Real Personal Tax-Exempt Assessed Tax
Year Property Property Property Value Rate (%) (1)
2011-12 3,518,270,810 $ 395,482,639 $ (93,546,737) $ 3,820,206,712 $ 0.2182% 2012-13 3,587,063,228 479,029,792 (96,907,938) 3,969,185,082 0.2182% 2013-14 3,763,651,363 471,653,509 (83,737,232) 4,151,567,640 0.2182% 2014-15 3,993,898,360 457,744,022 (108,720,173) 4,342,922,209 0.2182% 2015-16 4,468,931,248 331,063,497 (94,880,198) 4,705,114,547 0.2182% 2016-17 4,763,568,831 374,017,423 (136,247,060) 5,001,339,194 0.2182% 2017-18 5,012,942,428 407,061,644 (129,349,135) 5,290,654,937 0.2182% 2018-19 5,246,143,040 478,110,415 (113,400,217) 5,610,853,238 0.2182% 2019-20 5,580,325,969 547,532,578 (154,063,581) 5,973,794,966 0.2182% 2020-21 5,940,222,805 593,865,301 (212,001,263) 6,322,086,843 0.2182% Notes:
(1) Total Direct Tax Rate is represented by TRA 014-000, rates are not adjusted for ERAF Source: Alameda County Data, Avenu Insights & Analytics In 1978, the voters of California passed Proposition 13, which limited property taxes to a maximum of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With some few exceptions, property is only reassessed at the time that it is sold to a new owner. At that time, the new assessed value is determined based on the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.
195
City of Emeryville
Statistical Section - Table VI
Assessed Value of Property by Use Code, Citywide
Last Ten Fiscal Years
Category 2011-12 2012-13 2013-14 2014-15 2015-16
Commercial 1,771,882,406 $ 1,842,355,117 $ 1,910,845,651 $ 1,963,116,063 $ 2,230,128,700 $ Residential 1,335,560,769 1,321,832,460 1,427,012,709 1,597,120,334 1,768,921,200 Industrial 292,230,769 288,566,703 283,204,476 278,517,236 279,149,179 Vacant 33,197,861 43,899,479 64,722,372 77,674,621 108,079,740 Government - - - - -
Recreation 14,904,269 20,461,208 23,828,087 24,294,117 26,144,934 Institution 11,730,509 11,965,086 12,204,303 12,259,632 12,504,542 Public - - - - -
Unitary 523,096 523,096 523,096 74,276 74,276
Unknown 58,241,131 57,460,079 41,310,669 40,916,357 44,002,953 Gross Secured Value 3,518,270,810 3,587,063,228 3,763,651,363 3,993,972,636 4,469,005,524 Unsecured Value 395,482,639 479,029,792 471,653,509 457,744,022 331,063,497 Exemptions 93,546,737 96,907,938 83,737,232 108,720,173 94,880,198 Total Taxable Value 3,820,206,712 $ 3,969,185,082 $ 4,151,567,640 $ 4,342,996,485 $ 4,705,188,823 $ Notes:

Use code categories are based on Alameda County Assessor’s data Source: Alameda County Assessor data, Avenu Insights & Analytics $‐
$1,000,000,000
$2,000,000,000
$3,000,000,000
$4,000,000,000
$5,000,000,000
$6,000,000,000
2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 Unknown
Unitary
Institution
Recreation
Vacant
Industrial
Residential
Commercial
196
2016-17 2017-18 2018-19 2019-20 2020-21
$ 2,323,635,087 $ 2,488,581,968 $ 2,576,533,502 $ 2,696,121,934 $ 2,978,043,691 2,020,530,350 2,123,374,518 2,207,853,346 2,322,356,929 2,298,074,948 306,056,222 294,520,921 321,736,794 338,489,520 326,542,844 73,760,581 71,795,067 94,997,916 177,460,587 133,954,753 - - - - 39,553,561
26,884,461 18,541,311 19,221,983 19,861,495 1,501,690
12,695,142 16,050,662 25,721,587 25,886,260 31,852,375
- - - 71,400 -
74,276 71,063 71,063 71,063 71,063
6,988 6,918 6,849 6,781 130,627,880
4,763,643,107 5,012,942,428 5,246,143,040 5,580,325,969 5,940,222,805 374,017,423 407,061,644 478,110,415 547,532,578 593,865,301 136,247,060 129,349,135 113,400,217 154,063,581 212,001,263 $ 5,001,413,470 $ 5,290,654,937 $ 5,610,853,238 $ 5,973,794,966 $ 6,322,086,843 197
City of Emeryville
Statistical Section - Table VII
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(rate per $100 of assessed value)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Basic City and County Levy
City of Emeryville 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 Alameda County 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818

1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Countywide GO Bond 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0112 0.0108 0.0036 Emery Unified School District 0.0666 0.0663 0.0874 0.0759 0.0682 0.0680 0.0656 0.0594 0.0614 0.0593 Peralta Community College 0.0436 0.0434 0.0419 0.0412 0.0337 0.0256 0.0310 0.0269 0.0257 0.0452 Bay Area Rapid Transit 0.0041 0.0043 0.0075 0.0045 0.0026 0.0080 0.0084 0.0070 0.0120 0.0139 East Bay Regional Park I 0.0071 0.0051 0.0078 0.0085 0.0067 0.0032 0.0021 0.0057 0.0060 0.0014 EBMUD Special District I 0.0067 0.0068 0.0066 0.0047 0.0034 0.0028 0.0011 0.0000 0.0000 0.0000

0.1281 0.1259 0.1512 0.1348 0.1146 0.1076 0.1082 0.1102 0.1159 0.1234 Total Direct Tax Rate 1.1281 1.1259 1.1512 1.1348 1.1146 1.1076 1.1082 1.1102 1.1159 1.1234

1. The above tax rates are applied per $100 of assesed valuation for TRA 14-00.

Source: Alameda County Auditor/Controller data, Avenu Insights & Analytics Notes:

2. In 1978, California voters passed Proposition 13 which sets property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides within. In addition to the 1% fixed amount, property owners are charged taxes for the payment of various other agency levies.
198
City of Emeryville
Statistical Section - Table VIII
Principal Property Tax Payers
Current Year and Nine Years Ago
Taxpayer Taxable Value ($)
Percent of Total
City Taxable
Value (%) Taxable Value ($)
Percent of
Total City
Taxable Value
(%)
Emery Station West LLC $                433,716,848 6.86% 201,295,494 $         5.27% 5616 Bay Street Investors LLC                    332,585,403 5.26% Pixar                    264,750,160 4.19% 223,718,261            5.86% BRE BMR 53Rd LP                    233,061,605 3.69%
KBSIII Towers Emeryville LLC                    193,216,676 3.06% Courtyards At 65Th LP                    178,848,332 2.83% SPUS 8 2100 Powell LP                    177,806,859 2.81% Bay Center Investor LLC                    128,558,022 2.03% 68,000,000              1.78% Bcore Emerytech Owner LLC                    126,500,000 2.00% Prime Us Tower Emeryville LLC                    121,100,000 1.92% G C Diagnostics Corp                    120,507,823 1.91% Windsor Metropolitan LP                    104,062,357 1.65% 61,697,964              1.62% East Bay Bridge Retail LLC                      97,391,693 1.54% 67,501,683              1.77% Archstone Emeryville Residential LLC                      84,703,343 1.34% Rockwood Christie LLC                      76,598,654 1.21% Avalon Public Market LP                      69,746,400 1.10% Holiday Garden EV Corp                      67,322,299 1.06% AG CCRP Public Market L P                      65,376,766 1.03% Zymergen Inc                      60,447,995 0.96%
DP Emeryville 40Th Street Investors LP                      56,823,378 0.90% Emeryville Property Owner LLC                      55,251,387 0.87% ASN Emeryville LLC                      55,151,420 0.87% 41,255,963              1.08% HPTMI Properties Trust                      55,143,642 0.87% 34,000,000              0.89% Novartis Vaccines & Diagnostics Inc                      50,804,014 0.80% 99,720,082              2.61% SFF 1650 65Th Street LLC                      50,750,000 0.80% Madison Manhattan Village LLC           202,503,026 5.30% Chiron Corp           202,400,156 5.30%
Emeryville Office LLC           136,500,500 3.57%
STRS Ohio CA Real Estate Inves           100,449,872 2.63% BRE FMCA LLC             88,344,984 2.31%
Hines Reit Watergate LP             80,044,423 2.10%
6400 Christie Avenue Emeryville             58,278,956 1.53% Cep Emery Tech Investors LLC             50,500,000 1.32% Marketplace Mortgage LLC             45,145,778 1.18%
Regency Centers LP             43,239,740 1.13%
Griffin Capital Atrium Investors             36,829,717 0.96% Hollis Street Investors II LLC             36,703,128 0.96% Ikea Property Inc.             36,640,180 0.96%
Agesong Emeryville Owner LLC             35,719,692 0.94% APF Emeryville Ownco LLC             34,854,400 0.91%
Amyris Inc.             33,012,291 0.86%
Bayer Healthcare Pharmaceutica             32,442,520 0.85% Total Top 25 Taxpayers 3,260,225,076 51.57% 2,050,798,810 53.69% Total Taxable Value $             6,322,086,843 100.00% 3,819,683,616 $     100.00% 2020‐21 2011‐12
Source:  Alameda County Assessor data, Avenu Insights & Analytics 199
City of Emeryville
Statistical Section - Table IX
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal
Year Taxes Levied Collections
Ended for the Percentage of Prior Percentage
June 30, Fiscal Year Amount of Levy Years (1) Amount of Levy (2) 2012 1,349,721 $ 1,151,344 $ 85.30% 300,792 $ 1,452,136 $ 107.59% 2013 1,333,243 1,187,107 89.04% 232,398 1,419,505 106.47% 2014 1,327,293 1,210,101 91.17% 203,219 1,413,320 106.48% 2015 1,418,429 1,308,695 92.26% 154,927 1,463,621 103.19% 2016 1,496,399 1,358,989 90.82% 123,183 1,482,172 99.05% 2017 1,523,904 1,388,364 91.11% 74,650 1,463,014 96.00% 2018 1,643,180 1,521,809 92.61% 139,199 1,661,007 101.08% 2019 1,718,973 1,599,354 93.04% 105,848 1,705,202 99.20% 2020 1,804,671 1,658,918 91.92% 115,749 1,774,667 98.34% 2021 1,863,155 1,656,937 88.93% 155,602 1,812,539 97.28% Notes:

Source: Alameda County Auditor-Controller Agency
Collected within the
Fiscal Year of the Levy Total Collections to Date
1) Collection in subsequent years is reported based on revenue received from the County for the fiscal year end shown. The City does not receive information from the County that specifies how much of the subsequent collection received belongs to each fiscal year. Subsequent collections for both tax types include penalties and interest assessed on the previously unpaid amounts. As a result, total collections for each levy year are not presented.
2) Percentage of Levy includes total collections of prior year's property tax delinquencies as well as taxes levied for the current fiscal year; resulting in percentages greater than 100% in some years. 200
City of Emeryville
Statistical Section - Table X
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Business-type
Activities
Lease Total Percentage Debt
Fiscal Revenue Capital Sewer Primary of Property Per
Year Bonds Leases Loans Government Value Capita
2012 4,955,000 $ 17,182 $ $ 23,803 $ 4,995,985 0.13% $ 490 2013 4,745,000 - - 4,745,000 0.12% 462
2014 4,154,400 - - 4,154,400 0.10% 396
2015 3,912,500 - - 3,912,500 0.09% 370
2016 3,659,800 - - 3,659,800 0.08% 312
2017 3,401,700 - - 3,401,700 0.07% 287
2018 3,138,500 - - 3,138,500 0.06% 262
2019 2,865,600 - - 2,865,600 0.05% 233
2020 2,583,500 - - 2,583,500 0.04% 210
2021 2,292,600 2,292,600 0.04% 182
Notes:

Details regarding the city's outstanding debt can be found in the notes to the financial statements. (Note 7 Long-Term Liabilities) Source: County of Alameda Auditor-Controller; City of Emeryville Governmental Activities
201
City of Emeryville
Statistical Section - Table XI
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
Lease Percent Debt
Fiscal Revenue of Assessed Per
Year Bonds Total Value Capita
2012 4,955,000 $ $ 4,955,000 0.13% $ 486
2013 4,745,000 4,745,000 0.12% 462
2014 4,154,400 4,154,400 0.10% 396
2015 3,912,500 3,912,500 0.09% 370
2016 3,659,800 3,659,800 0.08% 312
2017 3,401,700 3,401,700 0.07% 287
2018 3,138,500 3,138,500 0.06% 262
2019 2,865,600 2,865,600 0.05% 241
2020 2,583,500 2,583,500 0.04% 210
2021 2,292,600 2,292,600 0.04% 182
Source: County of Alameda Auditor-Controller; City of Emeryville Outstanding General Debt
202
City of Emeryville
Statistical Section - Table XII
Statement of Direct and Overlapping Bonded Debt
As of June 30, 2021
2020-21 Assessed Valuation: $6,322,086,843
Total Debt City’s Share of
OVERLAPPING TAX INCREMENT DEBT (Successor Agency): 6/30/2021 % Applicable (1) Debt 6/30/2021 2014 Tax Allocation Refunding Bonds, Series A 60,820,000 $ 100.000% 60,820,000 $ 2014 Tax Allocation Refunding Bonds, Series B 8,765,000 100.000% 8,765,000 TOTAL OVERLAPPING TAX INCREMENT DEBT 69,585,000
DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT:

Alameda County $ 1.911% 3,655,743 191,300,000 $
Bay Area Rapid Transit District 1,871,890,000 0.739% 13,833,267 Peralta Community College District 437,205,000 5.236% 22,892,054 Emery Unified School District 84,786,630 100.000% 84,786,630 Oakland Unified School District 981,100,000 0.001% 9,811 City of Emeryville 1915 Act Bonds 510,000 100.000% 510,000 East Bay Regional Park District 133,170,000 1.183% 1,575,401 TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $ 127,262,906 DIRECT AND OVERLAPPING TAX AND ASSESSMENT AND TAX INCREMENT DEBT $ 196,847,906 DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Alameda County General Fund Obligations $ 790,122,500 1.911% 15,099,241 $ Alameda-Contra Costa Transit District Certificates of Participation 11,655,000 2.263% 263,753 Peralta Community College District Pension Obligation Bonds 133,284,008 5.236% 6,978,751 Oakland Unified School District General Fund Obligations 14,995,000 0.001% 150 City of Emeryville General Fund Obligations - 2013A Lease Revenue Bonds 2,292,600 100.000% 2,292,600 TOTAL OVERLAPPING GENERAL FUND DEBT $ 24,634,495
TOTAL DIRECT DEBT $ 2,292,600
TOTAL OVERLAPPING DEBT $ 219,189,801
COMBINED TOTAL DEBT $ 221,482,401 (2)
Notes:

Source: Avenu Insights & Analytics
Overlapping governments are those that coincide, at least in part, within the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borned by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burdened borned by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore, responsible for repaying the debt, of each overlapping government.
1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value. 2) Direct and overlapping tax and assessment debt combined with general fund debt and overlapping tax increment debt. Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue bonds and non-bonded capital lease obligations. 203
City of Emeryville
Statistical Section - Table XIII
Legal Debt Margin Information
Last Ten Fiscal Years
2012 2013 2014 2015
Total assessed value for fiscal year 3,820,206,712 $ 3,969,185,082 $ 4,151,567,640 $ 4,342,922,209 $ Debt limit (15% of assessed value) 573,031,007 $ 595,377,762 $ 622,735,146 $ 651,438,331 $ Total general obligation bonds - $ $ - $ - $ -
Legal debt margin $ 573,031,007 $ 595,377,762 $ 622,735,146 $ 651,438,331 Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00%
Notes:

Source:Source: Alameda County Data, Avenu Insights & Analytics Under state finance law, the city's outstanding general obligation debt should not exceed 15 percent of total assessed property value.

By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds. 204
2016 2017 2018 2019 2020 2021
$ 5,001,339,194 4,705,114,547 $ 5,290,654,937 $ 5,610,853,238 $ 5,973,794,966 $ 6,322,086,843 $ $ 705,767,182 $ 750,200,879 $ 793,598,241 $ 841,627,986 $ 896,069,245 $ 948,313,026 $ - $ - $ - $ - $ - $ -
$ 705,767,182 $ 750,200,879 $ 793,598,241 $ 841,627,986 $ 896,069,245 $ 948,313,026

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
205
City of Emeryville
Statistical Section - Table XIV
Pledged-Revenue Coverage
Last Ten Fiscal Years
Fiscal Tax
Year Increment Principal Interest Coverage
2012 25,296,002 $ $ 5,780,000 $ 8,354,187 1.79
2013 15,866,584 6,050,000 8,073,163 1.12
2014 17,288,367 6,330,000 7,777,612 1.23
2015 9,054,035 6,630,000 6,580,847 0.69
2016 3,519,273 6,090,000 4,841,201 0.32
2017 14,712,449 6,335,000 4,699,019 1.33
2018 13,385,506 6,510,000 4,492,314 1.22
2019 14,233,608 6,750,000 4,216,709 1.30
2020 13,134,470 7,060,000 3,895,384 1.20
2021 14,330,220 7,390,000 3,554,588 1.31
Source: City of Emeryville
Notes:

Details regarding the city's outstanding debt can be found in the notes to the financial statements.

Public Financing Authority Revenue Bonds
Debt Service
206
City of Emeryville
Statistical Section - Table XV
Demographic and Economic Statistics,
Last Ten Fiscal Years
Public
Per Capita School City
Fiscal Personal Personal Median Enrollment Unemployment Year Population (1) Income (2) Income (2) Age (3) Rate (%)(4) 2011-12 10,200 534,469,800 $ 52,399 $ 34.4 721 6.1%
2012-13 10,269 547,248,976 53,291 35.0 751 6.4%
2013-14 10,491 550,001,166 52,426 34.9 726 4.1%
2014-15 10,570 526,550,469 49,816 36.0 695 2.9%
2015-16 11,721 634,351,538 54,121 35.1 698 3.0%
2016-17 11,854 672,427,278 56,726 35.8 687 2.7%
2017-18 11,994 723,657,990 60,335 35.5 690 2.6%
2018-19 11,885 756,366,986 63,640 35.3 743 2.1%
2019-20 12,298 814,004,866 66,190 35.3 721 9.8%
2020-21 12,586 899,206,518 71,445 35.8 698 4.2%
Notes:

Source: Avenu Insights & Analytics, U.S. Census Bureau, 2010 American Community Survey.

The California Department of Finance demographics estimates now incorporate 2010 Census counts as the benchmark.

1.) Population Projections are provided by the California Department of Finance Projections.

2.) Income Data is provided by the United States Census Data and is adjusted for inflation.

3.) Student Enrollment reflects the total number of students enrolled in the Emery Unified School District. Other school districts within the City are not accounted for in this statistic.

4.) Unemployment and Total Employment Data are provided by the EDD's Bureau of Labor Statistics Department.

0.0%

5.0%

10.0%

15.0%
2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 City Unemployment Rate
0 5,000
10,000
15,000
2011‐12 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 Population
207
City of Emeryville
Statistical Section - Table XVI
Principal Employers
Current Year and Nine Years Ago
2011-12
Percentage
Number of of Total City Number of
Employer Employees Rank Employment Employees
Pixar Animation Studios 1,233 1 17.37% 1,200
Grifols Diagnostic Solutions* 582 2 8.20%
Amyris Inc 471 3 6.63% 293
AC Transit 430 4 6.06% 546
Grocery Outlet Headquarters 392 5 5.52%
CLIF Bar & CO 351 6 4.94% 265
IKEA 276 7 3.89% 340
Peet's Coffee & Tea Inc. 223 8 3.14%
Oaks Card Club 215 9 3.03% 432
Adobe Inc (formerly TubeMogul Inc) 187 10 2.63%
Novartis Corp 892
Bayer Healthcare Pharmaceuticals 387
Leapfrog 375
AAA of Northern CA 300
Total Principal Employers 4,360 61.41% 5,030
Total Labor Force (1) 7,100 20,140
Notes:

Source:  Avenu Insights & Analytics
Source: 2011‐12 previously published ACFR
*Includes only Full‐time employees
(1) Total City Labor Force provided by EDD Labor Force Data 2020-21
Results based on direct correspondence with city’s local businesses. 208
City of Emeryville
Statistical Section - Table XVII
Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
City Manager/City Clerk 4.2 4.2 4.2 5.0 5.0 6.0 6.0 5.0 5.0 5.0 Information Systems 3.0 3.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.0 City Attorney 2.0 2.0 2.0 2.0 3.0 2.0 2.0 2.0 2.0 3.0
Finance 7.0 7.0 7.5 7.5 7.8 6.8 6.8 6.8 6.3 8.0
Human Resources 3.7 3.7 4.5 4.5 5.2 5.2 4.2 4.7 4.2 3.7 Community Development
Planning and Building 10.3 10.0 10.0 10.0 10.0 10.0 10.0 12.5 10.5 10.0 Economic Development
and Housing 4.0 4.0 4.0 4.0 5.0 5.0 5.0 6.0 6.0 7.5
Public Works 14.9 14.9 17.0 17.0 20.0 18.5 20.0 21.5 20.5 15.2 Police Department
Sworn 38.0 38.0 38.0 38.0 42.0 41.0 38.0 41.0 41.0 41.0 Unsworn 17.0 17.0 16.0 16.0 17.0 17.0 17.0 19.0 17.0 17.0 Fire
Sworn 26.0 - - - - - - - - -
Unsworn 1.0 - - - - - - - - -
Community Services
Administration 6.2 6.2 5.4 5.7 2.0 2.0 2.0 5.1 -
Youth & Adult Services 15.8 15.8 16.0 16.0 16.9 8.0 7.0 9.0 35.3 35.6 Child Development Center 23.8 25.9 25.9 24.8 24.8 25.0 24.0 24.0 23.6 23.6 Total 152.0 151.7 154.2 154.5 156.0 149.5 148.0 181.4 175.7 182.4 Notes:

Source: City of Emeryville Operating Budgets
A full-time employee is scheduled to work 1,820 hours per year (including vacation and sick leave). Full-time-equivalent employment is calculated by dividing total labor hours by 1,820.
209
2012 2013 2014 2015
Function/Program
General government
Commercial Construction permits issued 707 735 673 820
Value $ 36,453,322 $ 34,830,959 $ 30,374,969 $ 109,305,225 Residential Construction number of
dwelling units 82 359 - 206
Value $ 24,406,053 $ 90,515,346 $ 8,854,994 $ 56,657,643 Police
Physical arrests 966 834 1,069 1,240
Traffic collisions 300 274 334 308
Citations 4,248 3,519 5,525 5,625
Investigations 7,704 7,883 8,700 6,721
Total responses 34,494 36,452 42,535 37,710
Fire
Fire Responses 59 45 54 55
Medical Responses 1,300 1,329 1,248 1,554
Total Emergency Responses 1,825 1,863 1,841 2,221
Community Services
Child Development Program (enrollment in 12 month period) 1,175 1,034 994 1,034 Source: Various city departments.

City of Emeryville
Statistical Section - Table XVIII
Operating Indicators by Function/Program
Last Ten Fiscal Years
210
2016 2017 2018 2019 2020 2021
889 835 136 89 140 197
$ 121,865,050 $ 115,200,224 $ 104,465,013 $ 68,031,991 $ 94,671,085 $ 94,413,658 2 313 73 72 507 189
$ 8,262,777 $ 113,670,075 $ 29,233,329 $ 9,664,486 $ 202,487,180 $ 88,404,305 1,104 718 820 796 609 476
272 210 263 319 307 242
4,450 1,360 3,812 1,739 1,404 1,591
7,065 5,782 6,523 4,658 1,200 2,881
33,738 29,130 33,526 30,271 31,888 29,668
58 73 17 24 17 13
1,701 1,584 1,734 1,068 1,879 1,311
2,458 2,389 2,356 2,461 1,856 1,324
921 897 951 834 707 516
211
City of Emeryville
Statistical Section - Table XIX
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function/Program
Police Stations 1 1 1 1 1 1 1 1 11
Police vehicles, including
motorcycles 29 29 29 29 32 34 34 32 32 33
Fire stations 2 2 2 2 2 2 2 2 22
Apparatus and vehicles 7 7 7 7 7 7 7 7 77
Public Works
and Housing 19 19 19 19 19 19 19 19 19 19
Streetlights 1,563 1,563 1,563 1,563 1,563 1,563 1,563 1,563 1,563 1,563 Traffic controllers 25 27 27 27 27 27 27 27 29 30
Miles of Sewer Lines 15 15 15 15 15 15 15 15 15 15
Parks and Community Facilities
Parks 12 12 12 12 12 12 12 12 12 12
Acreage 21.4 21.4 21.4 21.4 21.4 21.4 21.4 21.4 21.4 21.4 Senior Center 1 1 1 1 1 1 1 1 11
Child Development Center 1 1 1 1 1 1 1 1 11
Recreation Center 1 1 1 1 1 1 1 1 11
Source: Various city departments.
212