Hayward City Council
April 15, 2025

Tuesday, April 15, 2025
5:30 PM

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
Council Chambers
City Council
Agenda

April 15, 2025City Council Agenda

SPECIAL JOINT MEETING OF THE CITY COUNCIL AND

HAYWARD REDEVELOPMENT SUCCESSOR AGENCY BOARD
NOTICE: The City Council will hold a hybrid meeting in the Council Chambers and virtually via Zoom.

PUBLIC PARTICIPATION
How to observe the Meeting:

1. Comcast TV Channel 15

2. Live stream https://hayward.legistar.com/Calendar.aspx

3. YouTube Live stream: https://www.youtube.com/user/cityofhayward How to submit written Public Comment:

1. Use eComment on the City's Meeting & Agenda Center webpage at:
https://hayward.legistar.com/Calendar.aspx. eComments are directly sent to the iLegislate application used by City Council and City staff. Comments received before 3:00 p.m. the day of the meeting will be exported into a report, distributed to the City Council and staff, and published on the City's Meeting & Agenda Center under Documents Received After Published Agenda.

2. Send an email to [email protected] by 3:00 p.m. the day of the meeting. Please identify the Agenda Item Number in the subject line of your email. Emails will be compiled into one file, distributed to the City Council and staff, and published on the City's Meeting & Agenda Center under Documents Received After Published Agenda. Documents received after 3:00 p.m. through the adjournment of the meeting will be included as part of the meeting record and published the following day.

How to provide live Public Comment during the City Council Meeting:

Participate in the Council Chambers or click link below to join the meeting:
https://hayward.zoom.us/j/84436141860?pwd=abgmgtlY6EMTite676VNawFCYUamix.1 Meeting ID: 844 3614 1860
Password: Cc4/15@530
or
Dial: +1 669 900 6833 or +1 646 931 3860
Meeting ID: 844 3614 1860
Password: 5239230467

SPECIAL JOINT MEETING OF THE CITY COUNCIL AND

HAYWARD REDEVELOPMENT SUCCESSOR AGENCY BOARD
CALL TO ORDER: Mayor/Chair Salinas
Pledge of Allegiance: Council/HRSA Board Member Bonilla Jr.

ROLL CALL

April 15, 2025City Council Agenda

PRESENTATION
Annual National Public Safety Telecommunications Week

PUBLIC COMMENTS
The Public Comments section provides an opportunity to address the City Council on items not listed on the agenda or Informational Staff Presentation items. The Council welcomes comments and requests that speakers present their remarks in a respectful manner, within established time limits, and focus on issues which directly affect the City or are within the jurisdiction of the City. As the Council is prohibited by State law from discussing items not listed on the agenda, items will be taken under consideration and may be referred to staff. The City Council welcomes comments, including criticism, about the policies, procedures, programs, or services of the City, or of the acts or omissions of the City Council. Speakers shall not use threatening, profane, or abusive language which disrupts, disturbs, or otherwise impedes the orderly conduct of a City Council. The City is committed to maintaining a workplace free of unlawful harassment and is mindful that City staff regularly attend Council meetings. Discriminatory statements or conduct that is hostile, intimidating, oppressive, or abusive – are per se disruptive to a meeting and will not be tolerated . ration and may be referred to staff.

ACTION ITEMS
The Council will permit comment as each item is called for the Consent Calendar, Public Hearings, and Legislative Business. In the case of the Consent Calendar, a specific item will need to be pulled by a Council Member in order for the Council to discuss the item or to permit public comment on the item. Please notify the City Clerk any time before the Consent Calendar is voted on by Council if you wish to speak on a Consent Item.

CONSENT
Approve the City Council Minutes of the City Council Meeting on March 25, 2025
MIN 25-0451.

Attachments: Attachment I Draft Minutes of 3/25/2025
Approve the City Council Minutes of the City Council Meeting on April 1, 2025
MIN 25-0462.

Attachments: Attachment I Draft Minutes of 4/1/2025
Adopt a Resolution Authorizing the City Manager to Award a Construction Contract to Chrisp Company for the Mission Boulevard Parking Lane Pilot Project, Project No. 05237, in the Amount of $102,602, and Approving $25,000 in Administrative Construction Contingency
CONS 25-1513.

Attachments: Attachment I Staff Report
Attachment II Resolution

April 15, 2025City Council Agenda
Adopt a Resolution Authorizing the City Manager to Execute Amendment No. 4 to the Professional Services Agreement with EKI Environment & Water, Inc. for As-Needed Technical
Support Related to Implementation of the Groundwater
Sustainability Plan and Increasing the Contract Amount by $90,000 for a Total Not-to-Exceed Amount of $235,000
CONS 25-1544.

Attachments: Attachment I Staff Report
Attachment II Resolution
Adopt a Resolution Accepting and Filing the Annual
Comprehensive Financial Report for the Year Ended June 30, 2024 and Required Communications
CONS 25-1555.

Attachments: Attachment I Staff Report
Attachment II Resolution
Attachment III FY 2024 ACFR Report
Adopt a Resolution Authorizing the City Manager to Execute a Professional Services Agreement with LPA, Inc., in a
Not-to-Exceed Amount of $550,000 for Site Assessment and Conceptual Design Services for Public Safety Center Project, Project No. 07423 and Appropriating Additional Funds in the Amount of $125,000
CONS 25-1566.

Attachments: Attachment I Staff Report
Attachment II Resolution
Adopt a Resolution Authorizing the City Manager to Execute Amendment No. 2 to the Professional Services Agreement with Jones Hall, A Professional Law Corporation, and Increase the Contract Amount by $111,000 for a Total Not-to-Exceed
Amount of $185,000, for Bond Counsel and Disclosure Counsel Services Related to the Water Resource Recovery Facility (WRRF) Improvements - Phase II Project
CONS 25-1637.

Attachments: Attachment I Staff Report
Attachment II Resolution

April 15, 2025City Council Agenda
Adopt a Resolution Approving Plans and Specifications and Call for Bids, and Authorize the City Manager to Apply for and Execute Federal Aviation Administration (FAA) and Caltrans Division of Aeronautics Grant Applications and Grant Offers for the Taxiway A1 and Z West Reconstruction Project, Project No. 621-E-2240, at Hayward Executive Airport
CONS 25-1658.

Attachments: Attachment I Staff Report
Attachment II Resolution
Adopt a Resolution of the City Council, Acting as the Governing Board of the Successor Agency for the Redevelopment Agency of the City of Hayward, Approving the Subordination of Loan Documents for the Façade Improvement Loan with RLW, LLC Property Located at 22401-22487 Foothill Boulevard (Richard Weinstein)
CONS 25-1709.

Attachments: Attachment I Staff Report
Attachment II HRSA Resolution

WORK SESSION
Work Session items are non -action items. Although the Council may discuss or direct staff to follow up on these items, no formal action will be taken. Any formal action will be placed on the agenda at a subsequent meeting in the action sections of the agenda.

Hayward’s Strategic Roadmap: Work Session Part 2 (Report from City Manager Dr. Ana M. Alvarez)
WS 25-01910.

Attachments: Attachment I Staff Report
Attachment II Public Agenda
Attachment III Status Report on FY 2024-25 Projects
Attachment IV Proposed FY 25-26 Metrics
Attachment V HEART Project Learnings and Data
Attachment VI Proposed FY 25-26 Special Projects

ADJOURNMENT
NEXT MEETING, April 22, 2025, 7:00 PM

PUBLIC COMMENT RULES

April 15, 2025City Council Agenda
Any member of the public desiring to address the Council shall limit their comments to three (3) minutes unless less or further time has been granted by the Presiding Officer or in accordance with the section under Public Hearings. The Presiding Officer has the discretion to shorten or lengthen the maximum time members may speak. Speakers will be asked for their name before speaking and are expected to honor the allotted time.

PLEASE TAKE NOTICE
That if you file a lawsuit challenging any final decision on any public hearing or legislative business item listed in this agenda, the issues in the lawsuit may be limited to the issues that were raised at the City's public hearing or presented in writing to the City Clerk at or before the public hearing.

April 15, 2025City Council Agenda

PLEASE TAKE FURTHER NOTICE
That the City Council adopted Resolution No. 87-181 C.S., which imposes the 90-day deadline set forth in Code of Civil Procedure section 1094.6 for filing of any lawsuit challenging final action on an agenda item which is subject to Code of Civil Procedure section 1094.5. ***Materials related to an item on the agenda submitted to the Council after distribution of the agenda packet are available for public inspection in the City Clerk ’s Office, City Hall, 777 B Street, 4th Floor, Hayward, during normal business hours. An online version of this agenda and staff reports are available on the City ’s website. Written comments submitted to the Council in connection with agenda items will be posted on the City ’s website. All Council Meetings are broadcast simultaneously on the City website, Cable Channel 15 - KHRT, and YouTube. ***
Assistance will be provided to those requiring accommodations for disabilities in compliance with the Americans with Disabilities Act of 1990. Interested persons must request the accommodation at least 48 hours in advance of the meeting by contacting the City Clerk at (510) 583-4400 or [email protected].

Assistance will be provided to those requiring language assistance. To ensure that interpreters are available at the meeting, interested persons must request the accommodation at least 48 hours in advance of the meeting by contacting the City Clerk at (510) 583-4400.

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: MIN 25-045
DATE: April 15, 2025
TO: Mayor and City Council
FROM: City Clerk

SUBJECT
Approve the City Council Minutes of the City Council Meeting on March 25, 2025

RECOMMENDATION
That the City Council approves the City Council meeting minutes of March 25, 2025.

SUMMARY
The City Council held a City Council meeting on March 25, 2025

ATTACHMENTS
Attachment I Draft Minutes of 3/25/2025
CITY OF HAYWARD Printed on 4/10/2025Page 1 of 1
powered by Legistar™

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/84370439951?pwd=BelcArbHVPu5bWdVYmPXG5PUqAg80b.1 Tuesday, March 25, 2025, 7:00 p.m.

The City Council meeting was called to order by Mayor Salinas at 7:00 p.m. in the Council Chambers.

Pledge of Allegiance: Council Member Zermeño

Mayor Salinas announced that Council Member Andrews had requested to participate in the meeting via the Zoom platform under the “just cause” provision of AB 2449.

ROLL CALL

Present: COUNCIL MEMBERS Andrews, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño MAYOR Salinas

Absent: NONE

CLOSED SESSION ANNOUNCEMENT

The City Council convened in closed session on March 25, 2025, at 5:30 p.m., with six members present, Council Member Andrews participating remotely pursuant the “just cause” provision of AB 2449, and no public speakers, regarding four items: 1) public employment pursuant to Government Code section 54957(b)(1) regarding City Clerk; 2) public employment pursuant to Government Code section 54957(b)(1) regarding City Attorney; 3) conference with legal counsel pursuant to Government Code section 54956.9(d)(2) regarding one a nticipated litigation matter; and 4) conference with legal counsel pursuant to Government Code section 54956.9(d)(2) regarding one anticipated litigation matter. Mayor Salinas indicated that the City Council discussed each item and took no reportable action.

PRESENTATION

Mayor Salinas read a proclamation declaring March 2025 as the 23rd Annual March for Meals Month in the City of Hayward, recognizing the vital contributions of SOS Meals on Wheels and Spectrum Community Services Inc. Mr. Blake Spears , Meals on Wheels Board President, accepted the proclamation on behalf of Meals on Wheels , and Caryl Mahar , Spectrum Community Services Development Director, accepted the proclamation on behalf of Spectrum Community Services Inc.

PUBLIC COMMENTS

Peggy Guernsey expressed concern about the City's tree ordinance including responsibility for tree maintenance in new developments, communication to residents, invasive species, City - maintained trees on private property, and removal and lack of replacement of heritage trees in areas such as South Hayward.

2 | M a r c h 2 5 , 202 5
CITY MANAGER’S COMMENTS

City Manager Dr. Ana Alvarez made two announcements: 1) the Hayward Police Department successfully completed its fifth Commission on Accreditation for Law Enforcement Agencies (CALEA) accreditation cycle; and 2) the Downtown Hayward Public Library will host a panel discussion titled , “Exploring Art and Innocence ” on March 29, 2025, highlighting the Library’s Prison Arts Project display.

CONSENT

1. Approve the City Council Minutes of the Meeting on March 8, 2025 MIN 25-040 It was moved by Council Member Syrop, seconded by Council Member Goldstein, and carried unanimously by roll call vote, to adopt the City Council meeting minutes of March 8, 2025.

2. Adopt a Resolution Approving the Purchase of Trash Capture Devices for Cabot Boulevard, Project No. 07746 CONS 25-124

Staff report submitted by Public Works Director Ameri , dated March 25, 2025, was filed.

It was moved by Council Member Syrop, seconded by Council Member Goldstein, and carried unanimously by roll call vote, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-037, “ Resolution Approving Purchase of Continuous Deflective Separator Units for Cabot Boulevard, Project No. 07746”

3. Adopt a Resolution Accepting the Resignation of Mr. Lucas Banks from the Clean and Green Commission, Effective Immediately CONS 25-128

Staff report submitted by City Clerk Lens, dated March 25, 2025, was filed.

Council Member Andrews thanked Lucas Banks for his service on the Clean and Green Commission, especially in addressing bulky item pickups.

It was moved by Council Member Syrop, seconded by Council Member Goldstein, and carried unanimously by roll call vote, to adopt the resolution.

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/84370439951?pwd=BelcArbHVPu5bWdVYmPXG5PUqAg80b.1 Tuesday, March 25, 2025, 7:00 p.m.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-038, “Resolution Accepting the Resignation of Mr. Lucas Banks from the Clean and Green Commission”

LEGISLATIVE BUSINESS

4. General Plan Annual Progress Report: Accept the Hayward 2040 General Plan Annual Progress Report for Calendar Year 2024 (Report from Development Services Director Buizer) LB 25-009

Staff report submitted by Development Services Director Buizer, dated March 25, 2025, was filed.

Principal Planner Schmidt provided a synopsis of the staff report.

Discussion ensued among members of the City Council and City staff and the following clarifications were made: while the School Resource Officer (SRO) program was discontinued, the Hayward Police Department maintains active collaboration with the Hayward Unified School District (HUSD) on school safety objectives and a review would be warranted; there is a growing regional issue of fentanyl and future updates to the General Plan could consider how substance use affects housing strategies ; while Crime Prevention Through Environmental Design (CPTED) recommendations are applied to private development projects in the Community Safety Element, any expansion to City property or infrastructure would need to be addressed in future General Plan updates or through the City’s Strategic Roadmap; although public art is referenced in the General Plan under the Economic Development Element (via a cultural commission), there is currently no adopted impact fee program related to public art; the “white glove service” service in the Economic Development Element is coordinated by the Economic Development team to serve as a liaison between businesses and City departments through City processes; over 300 of the General Plan’s 433 Implementation Programs were recently added through the Housing Element and Climate Action Plan updates in 2023–2024 and more than 50% of all initiatives are currently underway or completed, aligned with City priorities, and supported by annual updates and strategic planning efforts ; and while the General Plan is a long-term 20-year vision, the Strategic Roadmap serves as the City’s short- term, adaptable guide, reviewed annually.

4 | M a r c h 2 5 , 202 5
Council Member Roche advocated for reprioritizing climate-related goals, especially in response to extreme heat and its health impacts on vulnerable populations such as seniors.

Council Member Zermeño appreciated the inclusion of the Climate Action Plan in the General Plan.

Council Member Andrews recommended exploring the possibility of expanding (CPTED) recommendations to City property and an impact fee program related to public art in future General Plan updates or through the City’s Strategic Roadmap; and requested performance goals or metrics of the City of Hayward’s Business Concierge Program “white glove service” to evaluate its service effectiveness.

Council Member Bonilla Jr. sought clarification if the City’s Strategic R oadmap determines which General Plan projects are prioritized , and received confirmation that General Plan updates offer the opportunity to evaluate and potentially remove or revise outdated/non- relevant projects.

Council Member Goldstein encouraged community members to explore the General Plan online and engage in dialogue with members of the City Council about how current priorities align with the General Plan.

Mayor Salinas opened the public hearing at 7:55 p.m.

Ro Aguilar raised concerns about whether the actions and policies in Housing Element Program H6 (inclusionary housing) are sufficient to meet the City’s upcoming RHNA (Regional Housing Needs Allocation) targets; and noted her advocacy for income -integrated housing developments with diverse housing types.

Mayor Salinas closed the public hearing at 7:57 p.m.

Council Member Syrop emphasized the importance of clarifying the relationship between General Plan projects and Strategic Roadmap initiatives; supported Council Member Bonilla’s observations; and advocated for a more intentional review process to evaluate the relevance of existing projects.

Council Member Andrews recommended that General Plan projects be included in the Strategic Roadmap discussion; encouraged advocacy for affordable housing funding at the state level; looked forward to seeing the results of the 100 -day action plan for the downtown area and applied to more General Plan initiatives; and recommended leaning on partners, such as AC Transit, public safety, economic development, for bus stop initiatives.

Principal Planner Schmidt clarified that the General Plan progress report was informational and required annual submission to the state with no formal vote by the City Council.

Mayor Salinas and members of the City Council thanked City staff for all the work related to the General Plan progress report.

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/84370439951?pwd=BelcArbHVPu5bWdVYmPXG5PUqAg80b.1 Tuesday, March 25, 2025, 7:00 p.m.

COUNCIL REPORTS AND ANNOUNCEMENTS

Council Member Zermeño announced the celebration of Cesar Chavez’s birthday at City Hall Plaza on March 29, 2025, highlighting performances by local students.

Mayor Salinas thanked colleagues and local elected officials for supporting the recent fundraiser at Casa Del Toro benefiting Tennyson High School’s “We the People ” class, and proudly announced that the fundraising goal was exceeded, allowing 22 students to travel to Washington, D.C., to learn about government and the legislative process.

COUNCIL REFERRALS

There were none.

ADJOURNMENT

Mayor Salinas adjourned the City Council meeting at 8:11 p.m.

APPROVED

__________________________________________________________ Mark Salinas
Mayor, City of Hayward

ATTEST:

__________________________________________________________ Miriam Lens
City Clerk, City of Hayward

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: MIN 25-046
DATE: April 15, 2025
TO: Mayor and City Council
FROM: City Clerk

SUBJECT
Approve the City Council Minutes of the City Council Meeting on April 1, 2025

RECOMMENDATION
That the City Council approves the City Council meeting minutes of April 1, 2025.

SUMMARY
The City Council held a City Council meeting on April 1, 2025.

ATTACHMENTS
Attachment I Draft Minutes of 4/1/2025
CITY OF HAYWARD Printed on 4/10/2025Page 1 of 1
powered by Legistar™

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.

The City Council meeting was called to order by Mayor Salinas at 7:00 p.m. in the Council Chambers.

Pledge of Allegiance: Council Member Andrews

ROLL CALL

Present: COUNCIL MEMBERS Andrews, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño MAYOR Salinas

Absent: NONE

PUBLIC COMMENTS

Aaron Rosas, Hayward resident, expressed concerns about health hazards from contaminated soil, including lead, arsenic, pesticides, at a nearby construction site - 420 Smalley Avenue, stated the City’s current ordinance does not sufficiently protect residents from exposure risks, and urged the City Council to investigate the matter.

Jose Ortiz, Hayward resident, raised ongoing complaints about property code violations at a neighboring home, including obstructed sidewalks, unsanitary conditions (rats, cockroaches, trash), and inaction from City Code Enforcement despite repeated reports over several years.

CITY MANAGER’S COMMENTS

City Manager Dr. Ana Alvarez made two announcements: 1) the success ful Puente Grape Juice & Cheese Networking event on March 21, 2025, at City Hall with City staff participation; and 2) Cesar Chavez Day on March 31, 2025 , which included a City business closure for employees to honor the civil rights leader . Public members were encouraged to visit the Cesar Chavez Social Justice Collection at the Hayward Downtown Library.

CONSENT

1. Approve the City Council Minutes of the Meeting on March 18, 2025 MIN 25-044 It was moved by Council Member Goldstein, seconded by Council Member Syrop, and carried unanimously by roll call vote, to adopt the City Council meeting minutes of March 18, 2025.

2 | A p r i l 1 , 202 5

2. Adopt a Resolution Approving the Final Map for Tract 8600, a Residential Subdivision at 27865 Manon Ave (Assessor’s Parcel Number 453-0090-014-00), to Allow the Construction of Twenty- Two (22) Townhouse -Style Residential Units with Common Open Space Areas and Related Site Improvements; Accepting Easements Dedicated for Public Use; Authorizing the City Manager to Execute a Subdivision Agreement; and Finding that the Action is Exempt from CEQA Review. Applicant/Owner: Sunflower Manon LLC, Application Nos. 2021101491 and TM-23-0009 CONS 25-131

Staff report submitted by Development Services Director Buizer, dated April 1, 2025, was filed.

It was moved by Council Member Goldstein, seconded by Council Member Syrop, and carried unanimously by roll call vote, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-039, “ Resolution Approving the Final Map Tract 8600, Accepting the Easements and Rights -of-Way Dedicated Thereon for Public Use; Authorizing the City Manager to Negotiate and Execute the Subdivision Improvement Agreement and Related Other Documents; and Finding that the Action is Exempt from CEQA Review”

3. Adopt a Resolution Authorizing the City Manager to Approve the Purchase of Curtis Blue Line Ballistic Vests and Helmets from LN Curtis for the Hayward Fire Department in a Toal Not-to-Exceed Amount of $143,625.79 CONS 25-134

Staff report submitted by Interim Fire Chief Vollmer, dated April 1, 2025, was filed.

It was moved by Council Member Goldstein, seconded by Council Member Syrop, and carried unanimously by roll call vote, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.

Resolution 25-040, “Resolution Authorizing the City Manager to Approve the Purchase of Curtis Blue Line Ballistic Vests and Helmets from LN Curtis for the Hayward Fire Department in a Not -to-Exceed Amount of $143,625.79”

4. Adopt a Resolution Authorizing the City Manager to Award a Contract to Specialized Bicycle Components, Inc., and Trek Bicycle Castro Valley for Purchasing Bicycles and Bicycle Safety Equipment as Part of the Active Transportation Incentive and Promotion Program, Project No. 06937 CONS 25-145

Staff report submitted by Public Works Director Ameri , dated April 1, 2025, was filed.

It was moved by Council Member Goldstein, seconded by Council Member Syrop, and carried unanimously by roll call vote, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-041, “Resolution Authorizing the City Manager to Execute Contracts with Trek Bicycle Castro Valley in an Amount Not-To-Exceed $1,500,000 and Specialized Bicycle Components, Inc. in an Amount Not- To-Exceed $150,000 to Provide Bicycles and Bicycle Safety Equipment for the Active Transportation Incentive and Promotion Program, Project No. 06937 for Two Year Contract Terms”

WORK SESSION

5. Community Agency Funding: Fiscal Year 2025 -2026 Community Agency Funding Recommendations for Services, Arts & Music, and Economic Development and Infrastructure and Overview of the Fiscal Year 2026 -2029 Five Year Consolidated Plan (Report from Assistant City Manager Youngblood) WS 25-015

Staff report submitted by Community Services Manager Cole- Bloom and Assistant City Manager Youngblood , dated April 1, 2025, was filed.

4 | A p r i l 1 , 202 5
Assistant City Manager Youngblood announced the item and introduced Community Services Manager Cole-Bloom and Management Analyst Hwang who provided a synopsis of the staff report.

Management Analyst Hwang noted staff was seeking input from the City Council on three items:

Fiscal Year (FY) 2025-2026 Community Agency Funding (CAF) recommendations for Social Services, Arts & Music, Consolidated Plan for Community Development Block Grant (CDBG) Public Services and CDBG Economic Development & Infrastructure; FY 2026-2029 Five Year Consolidated Plan; and proposed changes to the CAF process for subsequent fiscal years.

Council Member Bonilla Jr. disclosed a conflict of interest with Community Child Care Council (4Cs) of Alameda County and noted he would be recusing himself from participating during the CSBG Economic Development & Infrastructure section.

Council Member Andrews disclosed a donation to The Kwanzaa Project last year and a visit to Spectrum Community Services but indicated no conflict requiring recusal.

Council Member Goldstein noted an ongoing business relationship with the C hief Executive Officer of Be A Mentor and disclosed his service on the Board of the Hayward Education Foundation.

Council Member Syrop shared that his mother previously served on the Hayward Arts Council Board and he no longer had a conflict of interest.

Management Analyst Hwang provided an overview of the FY 2026-2029 Five Year Consolidated Plan, which serves as a framework for identifying housing and community development needs and guiding the City’s CDBG investment decisions; and provided an overview o f funding recommendations: Economic Development & Infrastructure (CDBG), Public Services (CDBG), Social Services (General Fund), and Arts & Music (General Fund).

Mayor Salinas opened the public comment section on public services (CDBG & General Fund) and CAF process at 7:24 p.m.

Calvin Wong , Community Services Commissioner, shared that the service funding recommendation process was emotionally taxing due to the overwhelming need and limited resources; expressed concern that even top priorities such as housing and legal services for immigrants could only be partially funded; and urged the City Council to increase support for vital services.

Duke Hwang , Spectrum Community Services Senior Meals Program Manager , questioned whether the City has a contingency plan in case federal CDBG funding is delayed or reduced, and if a redistribution of General Fund monies would be available to community -based organizations that were prioritized for funding.

Samantha Beckett, Centro Legal de la Raza Attorney, highlighted the critical role of tenant legal services in preventing homelessness, particularly considering rising eviction rates in Hayward;

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.
and urged full funding to protect vulnerable tenants, especially immigrants, from both formal and informal evictions.

Mayor Salinas closed the public comment section at 7:32 p.m.

Members of the City Council thanked the Community Services Commission for its thoughtful recommendations, City staff for the work done, and the applicants for their participation and commitment to the community.

Discussion ensued among members of the City Council and City staff, and the following clarifications and recommendations were made: the need to revisit the City’s General Fund allocation for community services, acknowledging the growing gap between funding requests and available resources, while also cautioning that other City priorities such as street repairs also require funding ; expressed disappointment in the inability to fund critical programs ; lamented the impact of reduced federal support for Diversity, Equity and Inclusion-related programs; recommended to explore regional foundations such as East Bay Community Foundation or Silicon Valley Community Foundation to supplement City resources; suggested to consider connecting agencies with local businesses and organizations for partnerships; highlighted the importance of identifying and coordinating with other funding sources such as school districts to reduce duplication and expand support for underfunded services like school- based mental health programs; highlighted to caution against relying on the General Fund as a default funding source, citing the City's structural budget deficit and the importance of agencies diversifying their income streams; the need for a more data -informed approach, including reporting the number of residents served to assess impact and the percentage of each agency’s budget funded by the City, to inform more strategic funding decisions; the necessity of contingency plans in the event that CDBG funds are delayed or reduced, with staff confirming that such a situation would be brought back to the City Council for further action; and regarding Centro Legal de la Raza, staff offered to confirm during the April 22, 2025, public hearing, if its proposed funding is in addition to or inclusive of other existing contracts.

Council Member Bonilla Jr. recused from participating in the Community Development Block Grant (CDBG) Economic Development & Infrastructure section of the work session due to his conflict of interest with Community Child Care Council (4Cs) of Alameda County and left the Council Chambers at 8:07 p.m.

Management Analyst Hwang summarized the CSBG Economic Development & Infrastructure funding recommendations.

Mayor Salinas opened the public comment section at 8:08 p.m.

6 | A p r i l 1 , 202 5
Theresa Rezendez urged the City Council to consider South Hayward Parish for funding if additional resources become available ; and voiced support for Love Never Fails, praising their impactful, low-cost work in helping women escape human trafficking.

Mayor Salinas closed the public comment section at 8:09 p.m.

In response to Council Member Roche’s inquiries, Community Services Manager Cole-Bloom confirmed that funding allocations assumed the receipt of standard CDBG funds, and the Leidig Court project involved rehabilitation for an affordable housing site with a partial request for a parking gate.

In response to Council Member Syrop ’s inquiry about Habitat for Humanity East Bay and Rebuilding Together East Bay, Community Services Manager Cole -Bloom noted both rehabilitation programs are focused on helping low -income homeowners and avoid displacement.

Council Member Goldstein left the Council Chamber at 8:13 p.m. and Council Member Bonilla Jr. returned to the Council Chambers.

Management Analyst Hwang summarized General Fund Arts & Music funding recommendations.

There being no public comment, Mayor Salinas opened and closed the public comment section at 8:14 p.m.

In response to Council Member Zermeño‘s inquiry regarding why the Sun Gallery was not included in the Arts & Music funding recommendations, Community Services Manager Cole- Bloom explained that due to significant internal organizational changes, including a full board recall, absence of an executive director, and lack of financial control, it was determined that Sun Gallery was not eligible for funding

In response to Council Member Syrop’s inquiry for clarification, Community Services Manager Cole-Bloom indicated that the Sun Gallery was on an accele rated cycle for the monitoring process so it can be resolved in time for them to apply for the following year.

Council Member Goldstein returned to the Council Chamber at 8:17 p.m.

Management Analyst Hwang summarized the recommendations for improvements to the Community Agency Funding Process consisting of 1) transition to a two-year funding cycle; 2) establish a separate Arts & Music funding process; 3) align decision-making with City Council priorities and community need; and 4) increase decision-making transparency and objectivity through rubric use and publication of scores.

There being no public comment, Mayor Salinas opened and closed the public comment section at 8:23 p.m.

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.

Council Member Bonilla Jr. expressed support for the Community Services Commission (CSC) funding recommendations but advised that proposed changes to the CAF process should first be reviewed and finalized by the CSC before being reviewed by the City Council.

Mayor Salinas concurred with Council Member Bonilla Jr.

Council Member Syrop agreed to give the CSC the opportunity to review proposed changes; and raised the need to reassess the CSC’s role and meeting frequency if a two-year funding cycle is adopted, to ensure the commission remains active and purposeful year-round.

Council Member Roche supported getting CSC consensus on the proposed changes but urged the CSC to closely consider City staff input, given their long-term involvement with the process and direct interactions with agencies; and stressed the importance of a collaborative approach between CSC members and City staff.

Council Member Andrews recommended that if the funding schedule changes, additional support such as transition planning, business planning, and strategic sustainability planning should be considered for agencies; and asked for an evaluation of staff time spent administering the funding process in relation to the amount of funding being distributed.

Council Member Zermeño voiced general support for the proposed changes and agreed with his colleagues that final recommendations should first come from the CSC; and noted that streamlining the process could benefit commissioners, staff, and community organizations alike.

Council Member Goldstein supported waiting for the CSC to finalize its recommendations before the City Council takes action; and expressed full trust in both the CSC’s and staff’s judgment.

6. Water and Recycled Water: Recommended Fiscal Year 2026 and Fiscal Year 2027 Water and Recycled Water Rates and Connection Fees (Report from Public Works Director Ameri) WS 25-016

Staff report submitted by Public Works Director Ameri , dated April 1, 2025, was filed.

Mayor Salinas indicated Public Works Director Ameri was ready to provide an overview of the staff report, but he was going to forgo the staff’s oral presentation.

Council Member Andrews thanked City staff for their work, reminded the community that the staff report and attachments were available online, and requested that attending staff be formally introduced for the record.
8 | A p r i l 1 , 202 5

Public Works Director Ameri introduced Management Analyst II Nguyen who had prepared the cost-of-service analysis for providing water and recycle water service and was available to address any questions.

There being no public comment, Mayor Salinas opened and the public comment section at 8:33 p.m.

There were no questions or comments on the report from members of the City Council.

PUBLIC HEARING

7. City Master Fee Schedule: Adopt a Resolution Approving the Fiscal Year 2025-2026 Master Fee Schedule, Fine and Bail Schedules, and Finding the Action is Exempt from CEQA Review (Report from Finance Director Etman) PH 25-013

Staff report submitted by Interim Finance Director Etman, dated April 1, 2025, was filed.

Mayor Salinas indicated Interim Finance Director Etman was ready to provide an overview of the staff report, but he was going to forgo the staff’s oral presentation.

There being no public comment, Mayor Salinas opened and closed the public hearing at 8:35 p.m.

In response to Council Member Roche’s inquiry about the housing in-lieu fees and new building permit review fees, Development Services Director Buizer explained that the decrease in housing in-lieu fees was tied to an external construction cost index and building permit review fees were not entirely new, but newly itemized to ensure cost recovery for staff time.

Council Member Roche requested improved public outreach regarding citation processes , particularly for residents with disabilities.

Council Member Andrews requested clarity on parking signage related to bus zones, expressing concern over community confusion and citation complaints in active areas of South Hayward.

In response to Council Member Andrews’ inquiry about asset tracking for the Library of Things program, Library Services Director Addleman explained they use RFID (Radio-Frequency Identification) tags and barcodes, similar to books and apply replacement fees for lost or damaged items.

Council Member Syrop raised a concern regarding the new fee related to "daylighting" law (parking restrictions near marked/unmarked crosswalks), noting that it could lead to ticketing even in unmarked areas; and recommended the City implement a public education campaign before enforcement begins to avoid community backlash.

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.

It was moved by Council Member Zermeño, seconded by Council Member Syrop, and carried unanimously, to adopt the revised resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-042, “Resolution Adopting the FY 2026 Master Fee Schedule that Reflects Updated Fees and Charges for Departments in the City of Hayward and the Fine and Bail Scheule Modification and Rescinding Resolution No. 24 -197 and All Amendments Thereto and Finding that the Action is Exempt from CEQA Review”

8. Agreement with Syserco Energy Solutions: Adopt a Resolution Authorizing the City Manager to Execute an Agreement with Syserco Energy Solutions, Inc., for Energy Conservation Measures Reimbursable under Pacific Gas & Electric’s (PG&E) On -Bill Financing Program, in a Not -to-Exceed Amount of $2,196,973; and Transfer and Appropriate $2,087,504 from the Measure C Fund to the Facilities Capital Improvement Fund, Project 07235 (Report from Maintenance Services Director Rullman) PH 25-014

Staff report submitted by Maintenance Services Director Rullman, dated April 1, 2025, was filed.

Mayor Salinas indicated Maintenance Services Director Rullman was ready to provide an overview of the staff report, but he was going to forgo the staff’s oral presentation.

In response to Council Member Roche’s request for clarification on the financial risk , Maintenance Services Director Rullman indicated that Pacific Gas & Electric’s (PG&E) energy conservation project will be funded upfront by the City and reimbursed through a zero-interest loan under their On-Bill Financing Program; and added that the repayment would come from energy savings, with reimbursement from PG&E being highly likely.

In response to Council Member Andrews’ inquiry about whether energy savings improvements would impact master planning for capital projects, Maintenance Services Director Rullman clarified that measures were carefully selected for alignment with long-term goals.

There being no public comment, Mayor Salinas opened and closed the public hearing at 8:47 p.m.

10 | A p r i l 1 , 202 5
It was moved by Council Member Andrews, seconded by Council Member Roche, and carried unanimously, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-043, “Resolution Authorizing the City Manager to Execute an Agreement with Syserco Energy Solutions, Inc. for Energy Conservation Measures Reimbursable Under the Pacific Gas & Electric’s (PG&E) On -Bill Financing Program, in an Amount Not -To-Exceed $2,196,973; and Amending the FY 2025 Budget Resolution in Order to Appropriate and Transfer $2,087,504 from the Measure C Fund to the Facilities Capital Improvement Fund, Project 0723”

LEGISLATIVE BUSINESS

9. 2025 WIFIA Loan: Adopt Resolution of the City Council Authorizing the Execution and Delivery of a WIFIA Loan Agreement with the United States Environmental Protection Agency and a Related Promissory Note in the Maximum Principal Amount of $244,139,000 (Excluding Capitalized Interest) to Finance Certain Capital Improvements to the Wastewater System, Including the Water Resource Recovery Facility Improvements, and Approving Related Agreements and Actions (Report from Director of Public Works Ameri) LB 25-010

Staff report submitted by Public Works Director Ameri and Assistant City Manager Youngblood, dated April 1, 2025, was filed.

Public Works Director Ameri announced the item and introduced Mr. Christian Sprunger with NHA Advisors who provided an overview of the WIFIA Loan. Mr. Christian Sprunger was joined by Chris Lynch with Jones Hall and Seema Chavan with Brown and Caldwell.

In response to Council Member Andrews’ inquiry about the risk of delayed loan disbursement from the Environmental Protection Agency (EPA) and any contingency plans, Public Works Director Ameri explained that revenue bonds would serve as backup, if necessary.

In response to Council Member Roche’s inquiry about flexibility in drawing down from the WIFIA loan in case additional funding sources, such as state money or lower costs, became available, Mr. Christian Sprunger indicated the WIFIA loan operates on a drawdown basis.

In response to Council Member Syrop’s inquiry about whether the City would still be committed to the full project cost if the WIFIA funds were not drawn, and how other neighboring cities were addressing similar infrastructure mandates, Public Works Director Ameri confirmed the

CITY COUNCIL MEETING
777 B Street, Hayward, CA 94541
Council Chambers
https://hayward.zoom.us/j/83891074827?pwd=MrdTqivvizIUJwoaTu4Bk7oPNpY3nH.1 Tuesday, April 1, 2025, 7:00 p.m.

City’s financial obligation upon project award and added that Hayward’s strategy was aligned with how other cities were responding to the order to reduce nutrients by 2034.

Council Member Syrop acknowledged the significant financial impact and encouraged careful execution and continued realization of savings.

There being no public comment, Mayor Salinas opened and closed the public hearing at 9:09 p.m.

Council Member Roche praised City staff for the creative financing approach for the Water Resources Recovery Facility project required by the California Regional Water Quality Control Board to reduce nutrient discharge into the Bay.

Council Member Andrews thanked City staff and the consultants for the presentation , and emphasized the need for advocacy at the state level to support local infrastructure projects and reduce reliance on city-incurred debt.

Mayor Salinas indicated the project is the most expensive capital project in Hayward’s history, totaling nearly $500 million.

It was moved by Council Member Goldstein, seconded by Council Member Andrews, and carried unanimously, to adopt the resolution.

AYES: COUNCIL MEMBERS Andrew, Bonilla Jr., Goldstein, Roche, Syrop, Zermeño
MAYOR Salinas
NOES: None
ABSENT: None
ABSTAIN: None

Resolution 25-044, “Resolution Authorizing the Execution and Delivery of a WIFIA Loan Agreement with the United States Environmental Protection Agency and a Related Promissory Note in the Maximum Principal Amount of $244,139,000 (Excluding Capitalized Interest) to Finance Certain Capital Improvements to the Wastewater System, Including the Water Resource Recovery Facility Improvements, and Approving Related Agreements and Actions”

COUNCIL REPORTS AND ANNOUNCEMENTS

There were none.

12 | A p r i l 1 , 202 5

COUNCIL REFERRALS

There were none.

ADJOURNMENT

Mayor Salinas adjourned the City Council meeting at 9:13 p.m.

APPROVED

__________________________________________________________ Mark Salinas
Mayor, City of Hayward

ATTEST:

__________________________________________________________ Miriam Lens
City Clerk, City of Hayward

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: CONS 25-151
DATE: April 15, 2025
TO: Mayor and City Council
FROM: Director of Public Works

SUBJECT
Adopt a Resolution Authorizing the City Manager to Award a Construction Contract to Chrisp Company for the Mission Boulevard Parking Lane Pilot Project, Project No. 05237, in the Amount of $102,602, and Approving $25,000 in Administrative Construction Contingency

RECOMMENDATION
That the City Council adopts a resolution (Attachment II) awarding a construction contract to Chrisp Company for the Mission Boulevard Parking Plan Pilot Project in the amount of $102,602 and approve $25,000 in administrative construction contingency.

SUMMARY
As part of a broader program of investing in Downtown Hayward, the City is embarking on a pilot project to enhance the traffic safety and vitality of Mission Boulevard. The City plans to convert one lane of Mission Boulevard, between A Street and D Street, from a travel lane into a parking lane. At intersections, the lane will include painted bulb-outs to improve visibility between pedestrians and motorists.

On February 5, 2025, a call for bids was released and advertised until the bid opening date of March 5, 2025. The project received two (2) bids. Staff recommends that Council award the contract to the responsible low bidder, Chrisp Company, for $102,602 and approve $25,000 in administrative construction contingency. Design Build, Inc., submitted the second lowest bid in the amount of $155.231.

The engineer’s estimate for the project (not including contingency) was $73,533.

ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
CITY OF HAYWARD Printed on 4/10/2025Page 1 of 1
powered by Legistar™

DATE: April 15, 2025

TO: Mayor and City Council

FROM: Director of Public Works

SUBJECT: Adopt a Resolution Authorizing the City Manager to Award a Construction Contract to Chrisp Company for the Mission Boulevard Parking Lane Pilot Project, Project No. 05237 in the Amount of $102,602, and approving $25,000 in Administrative Construction Contingency

RECOMMENDATION

That Council adopts a resolution (Attachment II) awarding a construction contract to Chrisp Company for the Mission Boulevard Parking Plan Pilot Project in the amount of $102,602 and approve $25,000 in administrative construction contingency.

SUMMARY

As part of a broader program of investing in Downtown Hayward, the City is embarking on a pilot project to enhance the traffic safety and vitality of Mission Boulevard. The City plans to convert one lane of Mission Boulevard, between A Street and D Street, from a travel lane into a parking lane. At intersections, the lane will include painted bulb-outs to improve visibility between pedestrians and motorists.

On February 5, 2025, a call for bids was released and advertised until the bid opening date of March 5, 2025. The project received two (2) bids. Staff recommends that Council award the contract to the responsible low bidder, Chrisp Company, for $102,602 and approve $25,000 in administrative construction contingency. Design Build, Inc., submitted the second lowest bid in the amount of $155.231. The engineer’s estimate for the project (not including contingency) was $73,533.

BACKGROUND

Mission Boulevard is a principal arterial roadway though Downtown Hayward. It operates one-way southbound with four to five lanes, receiving traffic from north of Hayward via Foothill Boulevard and A Street. Through downtown, it serves numerous businesses and services, including the Hayward Main Library.

In 2024, City Council requested that staff create a task force to evaluate and address Downtown and Foothill Boulevard. The referral directed staff to enhance the physical environment, provide support to businesses, and provide resources to those experiencing homelessness. The task force was comprised of representatives from Economic Development, Police, Public Works, Maintenance Services, and other City Departments, with the goal of implementing near-term physical improvements. Mission Boulevard was identified as a key opportunity for improving the downtown environment due to the retail presence, lack of on-street parking, and high travel speeds.

Mission Boulevard is currently signed for 25 MPH. According to traffic data from 2021, the median speed is 26 MPH and the 85th percentile speed is 34 MPH, meaning that more than half of vehicles exceed the speed limit and 15 percent of vehicles exceed 34 MPH. In addition to degrading the pedestrian environment, excessive speed significantly contributes to the frequency and severity of collisions. Reducing travel speeds on Mission Boulevard is a key strategy for improving the safety and vitality of the downtown area.

The project is expected to have the following benefits:

 A row of parallel parked cars between fast-moving traffic and pedestrians that makes it safer and more comfortable to walk and visit businesses  Convenient parking for customers or delivery vehicles  Enhanced visibility and shorter crossing distances for pedestrians at intersections  Slower traffic speeds and less likelihood of cars running off the road, an issue that has been reported at the intersection of Mission Boulevard and B Street in particular.

The project will add 33 on-street parking spaces between A Street and D Street and install painted bulb-outs at nine corners. Turn pockets that provide access to westbound B Street, eastbound C Street, and both directions on D Street will be maintained. The new parking spaces would have similar parking regulations to other on-street parking spaces in the downtown area, such as a two-hour time limit. Specific locations for commercial loading and short-term parking have also been identified through outreach with local businesses.

The City plans to evaluate the project through continued outreach to local businesses and by continuing to collect data such as traffic speeds, volumes, and occupancy of the new parking spaces.

Under the California Environmental Quality Act (CEQA), this project is categorically exempt under California Code of Regulations 15301 Existing Facilities (Class 1). Projects exempt under this category involve negligible or no expansion of an existing use.

DISCUSSION

A call for bids was released on February 5th through the City’s procurement portal. It was advertised until March 5th, when two (2) bids were received. Chrisp Company of Fremont,

California submitted the lowest bid in the amount of $102,602. The engineer’s estimate for the project (not including contingency) was $73,533. The Design Build Inc., submitted the second lowest bid in the amount of $155,231. The submitted bids are likely higher than the engineer’s estimate because installing roadway striping at intersections and for short segments of roadway is less efficient than striping for large corridors. Traffic control may also be more complex than for comparable projects due to the downtown setting and significant traffic volumes.

Staff has reviewed the submitted bids and recommends that Council award the contract to the responsible low bidder, Chrisp Company.

ECONOMIC IMPACT

This item has no direct economic impact.

FISCAL IMPACT

This item will not impact the General Fund. Funding for this project is associated with Fund 215, consisting of Measure B (Local Transportation) revenues.

The updated project cost if Council approves the award of construction contract to Chrisp Company is shown below:

Costs (Fund 213)
Construction $102,602
Administrative Construction Contingency $25,000
Total $127,602

STRATEGIC ROADMAP

This agenda item supports the Strategic Priority of Invest in Infrastructure: Invest in Infrastructure. Specifically, this item relates to the implementation of the following project:

Project N1: Continue to implement major corridor traffic calming initiatives

SUSTAINABILITY FEATURES

This project will include safety improvements that will benefit pedestrian travel, which may help to encourage this mode of transportation.

PUBLIC CONTACT

Staff went door-to-door along Mission Boulevard during business hours in September 2024 and spoke with business owners and employees, discussing the project and sharing draft plans with representatives of 14 businesses (Attachment III). The response was

overwhelmingly supportive, with a few business owners expressing concerns about non- transportation issues (e.g., homelessness). Staff gathered input from businesses about the need for on-street commercial loading and short-term parking and incorporated that feedback into the curb marking plan.

Staff also sent mailers to all addresses between A Street, D Street, Watkins Street and Main Street describing the project and providing contact information for people wanting to learn more about the project.

NEXT STEPS

If Council approves, staff will prepare and route a construction contract for the City Manager to execute and issue a notice to proceed to start construction. Construction is anticipated to be completed by this summer.

Date
Contract Execution April 2025
Preconstruction Meeting May 2025
Start of Construction May 2025
End of Construction July 2025

Prepared by: Lucas Woodward, Senior Transportation Engineer Hugh Louch, Deputy Director of Public Works – Transportation

Recommended by: Alex Ameri, Director of Public Works

Approved by:

______________________________________
Dr. Ana M. Alvarez, City Manager

ATTACHMENT II

HAYWARD CITY COUNCIL

RESOLUTION NO. 25-____

Introduced by Council Member ____________

RESOLUTION AUTHORIZING THE CITY MANAGER TO AWARD A

CONSTRUCTION CONTRACT TO CHRISP COMPANY FOR THE MISSION BOULEVARD PARKING LANE PILOT PROJECT, PROJECT NO. 05 237 IN THE AMOUNT OF $ 102,602, AND APPROVING $ 25,000 IN ADMINISTRATIVE

CONSTRUCTION CONTINGENCY

WHEREAS, On February 5, 202 5, the City issued a call for bids for the Mission Boulevard Parking Plan Pilot Project, Project No. 05237; and

WHEREAS, on March 5, 2025, two (2) bids were received. The low bid was submitted by Chrisp Company. The second lowest bid was submitted Design Build Inc. The engineer’s estimate for the project (not including contingency) was $72,533.

NOW, THEREFORE, BE IT RESOLVED that the City Council hereby awards the contract for the Mission Boulevard Parking Plan Pilot Project, Project No. 05237 to Chrisp Company of Fremont, California, in accordance with the plans and specifications adopted therefore and on file at the City of Hayward, at and for the price name and stated in the final proposal of the hereinabove specified bidder, and all other bids are hereby rejected.

BE IT FURTHER RESOLVED , by the City Council that the Director of Public Works is authorized to expend up to $25,000 for construction contingencies to complete the project.

BE IT FURTHER RESOLVED, that the City Manager is hereby authorized and directed to execute the contract with Chrisp Company, in the name of and for and on behalf of the City of Hayward, in a form to be approved by the City Attorney.

IN COUNCIL, HAYWARD, CALIFORNIA , 2025

ADOPTED BY THE FOLLOWING VOTE:

AYES: COUNCIL MEMBERS:

MAYOR:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ATTEST: ______________________________________
City Clerk of the City of Hayward

APPROVED AS TO FORM:

_________________________________________
City Attorney of the City of Hayward

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: CONS 25-154
DATE: April 15, 2025
TO: Mayor and City Council
FROM: Director of Public Works

SUBJECT
Adopt a Resolution Authorizing the City Manager to Execute Amendment No. 4 to the Professional Services Agreement with EKI Environment & Water, Inc. for As-Needed Technical Support Related to Implementation of the Groundwater Sustainability Plan and Increasing the Contract Amount by $90,000 for a Total Not-to-Exceed Amount of $235,000

RECOMMENDATION
That the City Council adopts a resolution (Attachment II) authorizing the City Manager to amend the Professional Services Agreement (PSA) with EKI Environment & Water, Inc. (EKI) for as-needed technical support related to sustainable groundwater management at a cost of $90,000, increasing the not-to- exceed (NTE) amount to $235,000.

SUMMARY
Continued independent groundwater technical support and expertise are needed to implement the adopted Groundwater Sustainability Plan (GSP) and ensure the City’scompliance with the provisions of the Sustainable Groundwater Management Act (SGMA). The City entered into a PSA with EKI in January 2021 to provide as-needed technical services. The PSA was amended in July 2021, July 2022, and March 2023 to allow for additional work activities and support for GSP implementation. A fourth amendment to increase the contract amount by $90,000 is recommended to allow for added support to continue GSP implementation and SGMA compliance. If approved, the additional funding would increase the total not- to-exceed amount to $235,000.

ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
CITY OF HAYWARD Printed on 4/10/2025Page 1 of 1
powered by Legistar™

DATE: April 15, 2025

TO: Mayor and City Council

FROM: Director of Public Works

SUBJECT: Adopt a Resolution Authorizing the City Manager to Execute Amendment No. 4 to the Professional Services Agreement with EKI Environment & Water, Inc. for As-Needed Technical Support Related to Implementation of the Groundwater Sustainability Plan and Increasing the Contract Amount by $90,000 for a Total Not-to-Exceed Amount of $235,000

RECOMMENDATION

That the City Council adopts a resolution (Attachment II) authorizing the City Manager to amend the Professional Services Agreement (PSA) with EKI Environment & Water, Inc. (EKI) for as-needed technical support related to sustainable groundwater management at a cost of $90,000, increasing the not-to-exceed (NTE) amount to $235,000.

SUMMARY

Continued independent groundwater technical support and expertise are needed to implement the adopted Groundwater Sustainability Plan (GSP) and ensure the City’s compliance with the provisions of the Sustainable Groundwater Management Act (SGMA).

The City entered into a PSA with EKI in January 2021 to provide as-needed technical services. The PSA was amended in July 2021, July 2022, and March 2023 to allow for additional work activities and support for GSP implementation. A fourth amendment to increase the contract amount by $90,000 is recommended to allow for added support to continue GSP implementation and SGMA compliance. If approved, the additional funding would increase the total not-to-exceed amount to $235,000.

BACKGROUND

SGMA was enacted in 2014 by the State to provide a framework for comprehensive and sustainable groundwater management within the state. SGMA legislation allows for groundwater management at the local level through various provisions including the formation of Groundwater Sustainability Agencies (GSAs). As part of SGMA, local agencies in High- and Medium-Priority groundwater basins are required to form GSAs that have

authority and responsibility to develop, adopt, and implement a GSP to manage and protect groundwater basins and ensure long-term reliability if these water supplies.

The City overlays a portion of the East Bay Plain Groundwater Subbasin. The remaining portion is within the East Bay Municipal Utility District’s (EBMUD) service area. The City and EBMUD each formed GSAs for the portions of the East Bay Plain Groundwater Subbasin which underlays their respective boundaries. The agencies have worked collaboratively to prepare a GSP, which was adopted by the Hayward City Council in December 2021.

The City and EBMUD, with technical consulting assistance, jointly completed a single GSP for the East Bay Plain Subbasin. In accordance with SGMA guidelines, the governing bodies of each agency conducted public hearings and adopted the GSP in December 2021. The GSP was submitted to DWR by the deadline of January 31, 2022. Annual GSP reports are required to be submitted by April 30, each year. The first annual report was submitted in March 2022 and the next is due in April 2025.

Working collaboratively with EBMUD to prepare and implement a single GSP for the entire Subbasin, under the terms and conditions of a Cooperating Agreement, has reduced duplication of technical work and thus the cost to both agencies. The Cooperating Agreement anticipated the use of consulting services. The City and EBMUD jointly selected Luhdorff & Scalmanini Consulting Engineers to provide technical consulting assistance.

Because the City does not currently have staff with extensive groundwater knowledge and experience, staff determined that retaining a consulting firm to provide independent review and technical assistance would help ensure the City’s interests are protected. The City solely retained EKI in January 2021 for this purpose. The PSA has been amended three times, in July 2021, June 2022, and March 2023, to provide additional funds for continued technical support. The fourth amendment increases the NTE amount to $235,000. Staff have identified additional tasks for which technical support will be needed.

DISCUSSION

The Hayward City Council and the EBMUD Board of Directors adopted the East Bay Plain Subbasin GSP in December 2021 and are now in the implementation phase. Implementing the GSP will ensure that the groundwater beneath the City will be managed and protected in such a way that it will remain a long-term reliable source of water for the community, particularly in the event of a water supply emergency.

GSP implementation includes technical work, such as GSP-related groundwater monitoring and preparation of annual reports. Recent work completed by EKI includes participation in technical team meetings, technical support related to well sampling and analysis, compliance with the Governor’s Executive Orders, review of project studies and materials, and monitoring data management.

Because GSP- and SGMA-related activities are continuing, and technical support is integral to the City’s continued compliance with SGMA, staff recommends the PSA with EKI be

amended to include an additional $90,0000 in funding for a total NTW amount of $235,000 for ongoing sustainable groundwater management activities through January 2027. The scope of work that would be performed under the amended PSA includes:

 Perform required groundwater monitoring
 Support project and management action implementation  Support preparation of Water Year 2024 and 2025 Annual Reports  Support preparation of the GSP Periodic Evaluation (5-Year Update)  Support GSP stakeholder outreach and engagement efforts  Review and analyze the impact(s) of any new SGMA-related legislation, executive orders, and regulations
 Review of GSP materials prepared for other basins that are relevant to the City (e.g., Niles Cone Subbasin)

ECONOMIC IMPACT

Costs for implementing the GSP and the other SGMA-related activities are not expected to significantly impact customer water rates. The community could benefit from groundwater actions to achieve sustainability goals and greater diversity and reliability of water supplies, especially in the event of an emergency water supply shortage.

FISCAL IMPACT

The Water Improvement Fund in the Capital Improvement Program (CIP) includes funds for groundwater-related activities such as sustainable groundwater management. The proposed amendment to the City’s PSA with EKI will increase the NTE amount by $90,000.

There is sufficient funding in the CIP fund to cover this cost. There is potential for additional costs as SGMA work progresses, and staff will return to Council if more funding is needed. This project has no impact on General Fund.

STRATEGIC ROADMAP

The agenda item is a routine operational matter and does not relate to one of the Council’s six Strategic Priorities.

SUSTAINABILITY FEATURES

As a GSA, the City is responsible for the development and implementation of the GSP, including preparation of an annual update to ensure the groundwater under the City is protected and sustainably managed for the future. A long-term commitment to groundwater sustainability increases the City’s overall water supply reliability, maximizes local sources, and diversifies the City’s potential water supplies.

PUBLIC CONTACT

This Is the first time this routine item is being considered at a public meeting.

NEXT STEPS

If the City Council approves this item, the City Manager will execute the fourth amendment to the PSA with EKI, increasing the amount by $90,000 for a not-to-exceed amount of $235,000.

Prepared by: Cheryl Muñoz, Water Resources Manager

Recommended by: Alex Ameri, Director of Public Works

Approved by:

__________________________
Dr. Ana M. Alvarez, City Manager

ATTACHMENT II

HAYWARD CITY COUNCIL

RESOLUTION NO. 25-____

Introduced by Council Member __________

RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 4 TO THE AGREEMENT WITH EKI ENVIRONMENT & WATER, INC. FOR AS NEEDED TECHNICAL SUPPORT RELATED TO THE

IMPLEMENTATION OF THE GROUNDWATER SUSTAINABILITY PLAN AT A COST OF $90,000 FOR A TOTAL NOT-TO-EXCEED AMOUNT OF $235,000

WHEREAS, the City Council and EKI Environment & Water, Inc. (EKI) and the City of Hayward entered into an Agreement dated the 22 nd day of January 2021, titled “Agreement for Professional Services Between the City of Hayward and EKI Environment & Water for As- Needed Technical Support Related to Sustainable Groundwater Management” in the amount of $25,000; and

WHEREAS, the Parties sub sequently amended the contract on the 12 th day of July, 2021, titled “Amendment No. 1 to the Agreement for Professional Services between the City of Hayward and EKI Environmental & Water” in the amount of $35,000; and

WHEREAS, the Parties subsequently amended the contract on the 7 th day of July, 2022, titled “Amendment No. 2 to the Agreement for Professional Services between the City of Hayward and EKI Environmental & Water” in the amount of $35,000; and

WHEREAS, the Parties subsequently amended the contract on the 30th day of March, 2023, titled “Amendment No. 3 to the Agreement for Professional Services between the City of Hayward and EKI Environmental & Water” in the amount of $50,000; and

WHEREAS, the City and EKI desire to amend the Agreement to provide additional as- needed technical sustainable groundwater management support in the amount of $90,000.

NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes the City Manager to execute Amendment No. 4 with EKI Environment & Water , in a fo rm approved by the City Attorney, for additional as -needed sustainable groundwater management technical support at a cost of $90,000, increasing the total not-to-exceed contract amount to $235,000.

IN COUNCIL, HAYWARD, CALIFORNIA , 2025

ADOPTED BY THE FOLLOWING VOTE:

AYES: COUNCIL MEMBERS:

MAYOR:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ATTEST: ______________________________________
City Clerk of the City of Hayward

APPROVED AS TO FORM:

_________________________________________
City Attorney of the City of Hayward

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: CONS 25-155
DATE: April 15, 2025
TO: Mayor and City Council
FROM: Director of Finance

SUBJECT
Adopt a Resolution Accepting and Filing the Annual Comprehensive Financial Report for the Year Ended June 30, 2024 and Required Communications

RECOMMENDATION
That the City Council adopts the attached Resolution (Attachment II) to receive and file the City’sAnnual Comprehensive Financial Report (ACFR) (Attachment III) for the fiscal year ended June 30, 2024.

SUMMARY
Each year, the City conducts an independent financial audit, which is performed by an external contractor. Auditing standards require auditors to formally communicate the results directly to the agency’sgoverning body; to establish direct and effective two-way communication with Council and staff, convey audit matters, the scope of work, difficulties encountered, adjustments to financial statements, or any possible disagreements with management. As in previous years, the auditor’sopinion on the City’s financial statements for fiscal year 2023 is without exception and is unmodified.

ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
Attachment III FY 2024 Annual Comprehensive Financial Report (ACFR) CITY OF HAYWARD Printed on 4/10/2025Page 1 of 1
powered by Legistar™

DATE: April 15, 2025

TO: Mayor and City Council

FROM: Director of Finance

SUBJECT

Adopt a Resolution Accepting and Filing the Annual Comprehensive Financial Report for the Year Ended June 30, 2024 and Required Communications

RECOMMENDATION

That the Council adopts the attached Resolution (Attachment II) to receive and file the City’s Annual Comprehensive Financial Report (ACFR) (Attachment III) for the fiscal year ended June 30, 2024.

SUMMARY

Each year, the City conducts an independent financial audit, which is performed by an external contractor. Auditing standards require auditors to formally communicate the results directly to the agency’s governing body; to establish direct and effective two-way communication with Council and staff, convey audit matters, the scope of work, difficulties encountered, adjustments to financial statements, or any possible disagreements with management. As in previous years, the auditor’s opinion on the City’s financial statements for fiscal year 2024 is without exception and is unmodified.

BACKGROUND

The City’s independent external auditor, Maze and Associates, has completed its audit of the City’s financial statements for the fiscal year ended June 30, 2024. The Annual Comprehensive Financial Report (ACFR) is the overall financial report for the entire city organization including the General Fund, Water, Sewer, Airport, all other enterprise, special revenue and capital funds and provides information about the financial results of operations and numerous required disclosures.

This is the financial report prepared by the City and audited by the independent auditors to provide reasonable assurance that the financial statements are fairly presented in accordance with generally accepted accounting principles (GAAP) in the United States. This report

contains the Independent Auditors’ Report, which is prepared by the auditors based on their examination of the City’s financial transactions for the fiscal year ending June 30, 2024.

The ACFR shows the total of all financial accounting for the fiscal year. The financial reporting provided in the ACFR is made up of three primary sections:
 Introductory Section: provides general information about the City, including the letter of transmittal, list of principal officers, and an organization chart.

 Financial Section: provides the overall financial information for the City, including the report of the independent auditor, management’s discussion and analysis (MD&A), the basic financial statements, notes to the basic financial statements, required supplementary information, and other supplementary statements and schedules.

 Statistical Section: provides a broad range of operational, economic, and historical data providing context for assessing the City’s fiscal condition. This section provides information about general financial trends, revenue and debt capacities, economic and demographic trends, and operating information.

DISCUSSION

Annual Comprehensive Financial Report – Staff is pleased to report that, as in previous years, the auditor’s opinion on the financial statements for fiscal year 2023 is without exception and is unmodified. That is, the auditor’s report is not restricted (modified) in any manner, nor does it take exception with any of the information contained in the City’s financial statements. While a modification or exception is not necessarily detrimental, the ability to report that the City’s financial statements continue to earn a “clean opinion” is a positive statement about the City’s financial management and oversight.

Staff has submitted the fiscal year 2024 ACFR to the Government Finance Officers Association (GFOA) award program, a national award recognizing conformance with the highest standards for preparation of local government financial reports. The City of Hayward has received this award for the last thirty-seven consecutive years.

Communication Letters from Auditors – The Required Communications letter is intended to identify any communication issues and present new accounting standards pronouncements that may affect the audit. The auditors did communicate areas where improvements could be made as a result of turnover in multiple key accounting positions within the department of finance. Staff has already addressed these issues and put policies into place to avoid a repeated occurrence for Fiscal Year 2024-25.

Financial Highlights

 At the close of Fiscal Year 2024 -25 the City’s total net position was $578.2 million.

Excluding net pension liability, $420.6 million is unrestricted and available to meet the City’s ongoing obligations to residents and creditors.

 The City’s total net position decreased by $6.6 million over fiscal year 2024.

Governmental activities, including the General Fund, decreased by $14.6 million and Business-type activities increased by $8 million.

 Total fund balance for General Fund, inclusive of Measure C is $59.8 million, an increase of $0.8 million over the fiscal year 2023. Of the total, the General Fund ending fund balance is $42.6 million and Measure C ending fund balance is $17.2 . The total fund balance is comprised of $10.6 million in non-spendable, $17.5 million in assigned and $31.6 million in spendable fund balance designated for contingencies, economic uncertainty, emergencies and liquidity by City Council.

 The City’s enterprise funds, including Sewer, Water, Stormwater, and Airport reported a combined ending net position of $399.8 million; an increase of $8 million from the previous year.

STRATEGIC INITIATIVES

This agenda item is a routine operational item that does not relate to any of the Strategic Initiatives.

FISCAL IMPACT

There is no direct fiscal impact resulting from the approval of the annual audit.

PUBLIC CONTACT

On November 20, 2024, Maze & Associates presented to the Council Budget and Finance Committee an overview of the fiscal year 2024 audit process and the role of the external auditor.

Prepared by: Christina Crosby, Deputy Director of Finance Recommended by: Sharif Etman, Interim Director of Finance

Approved by:

____________________________________
Dr. Ana M. Alvarez, City Manager

ATTACHMENT II

HAYWARD CITY COUNCIL

RESOLUTION NO. 25-____

Introduced by Council Member _________

RESOLUTION ACCEPTING THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2024; AND THE MEMORANDUM ON

INTERNAL CONTROL AND REQUIRED COMMUNICATIONS

WHEREAS, the audit of the financial statements and internal controls of the City of Hayward has been completed for the year ended June 30, 20 24 by the City’s independent auditors, Maze & Associates.

BE IT RESOLVED by the City Council of the City of Hayward that the City Council accepts and files the Comprehensive Annual Financial Report for the Year Ended June 30, 2024; and the accompanying Memorandum on Internal Control and Required Communications letters.

HAYWARD, IN COUNCIL, HAYWARD, CALIFORNIA _______________________, 2025.

ADOPTED BY THE FOLLOWING VOTE:

AYES: COUNCIL MEMBERS:

MAYOR:

NOES: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ATTEST:

City Clerk of the City of Hayward

APPROVED AS TO FORM:

_________________________________________
City Attorney of the City of Hayward

CITY OF HAYWARD, CALIFORNIA

ANNUAL COMPREHENSIVE

FINANCIAL REPORT
FISCAL YEAR 2024

ATTACHMENT III

Blank page behind cover

CITY OF HAYWARD, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR FISCAL YEAR ENDED JUNE 30, 2024

Prepared by:

Accounting Division, Department of Finance

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INTRODUCTORY SECTION

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CITY OF HAYWARD, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR FISCAL YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS

Pages

INTRODUCTORY SECTION

Letter of Transmittal ........................................................................................................................................... i – xi Organization Chart .................................................................................................................................................. xii Directory of City Officials ..................................................................................................................................... xiii Directory of Administrative Staff .......................................................................................................................... xiv GFOA Certificate of Achievement for Excellence in Financial Reporting ........................................................... xv

FINANCIAL SECTION

Independent Auditor’s Opinion ................................................................................................................................ 1

Management’s Discussion and Analysis .................................................................................................................. 5 Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position ...................................................................................................................... 21 Statement of Activities .......................................................................................................................... 22 Fund Financial Statements:

Governmental Funds:

Balanc e Sheet ..................................................................................................................................... 26 Reconciliation of Governmental Fund Balances to Net Position of Governmental Activities ......... 28 Statement of Revenues, Expenditur es, and Changes in Fund Balances ........................................... 30 Reconciliation of the Net Change in Fund Balances – Total Governmental Funds with the Statements of Activities ......................................................................................... 32 Proprietary Funds:

Statement of Net Position .................................................................................................................. 34 Statement of Revenues, Expenses and Changes in Fund Net Position ............................................. 35 Statement of Cash Flows ................................................................................................................... 36 Fiduciary Funds:

Statement of Fi duciary Net Position .................................................................................................. 38 Statement of Changes in Fiduciary Net Position ............................................................................... 39 Notes to Basic Fina ncial Statements ............................................................................................................ 41

Required Supplemental Information:

Schedule of Changes in the Net Pension Liability and Related Ratios (Miscell aneous Plan) ..................................................................................................................... 102 Schedule of Contributi ons (Miscellaneous Plan) ............................................................................ 104
Schedule of Changes in the Net Pension Liability and Related Ratios (Safety – Fire Plan) ........................................................................................................................ 106 Schedule of Contributi ons (Safety – Fire Plan) ............................................................................... 108 Schedule of Changes in the Net Pension Liability and Related Ratios (Safety – Police Plan) .................................................................................................................... 110 Schedule of Contributi ons (Safety – Police Plan) ........................................................................... 112

FINANCIAL SECTION (Continued):

Required Supplemental Information (Continued):

Schedule of Changes in the Net OPEB Liability and Related Ratios ............................................. 114 Schedule of Contributions – Other Postemployment Benefits ........................................................ 115 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund and Major Special Revenue Funds:

General Fund ............................................................................................................................. 118 Federal Grants Special Revenue Fund ...................................................................................... 119 American Rescue Plan Act Special Revenue Fund ................................................................... 120

Supplemental Information:

Schedules of Revenues, Expenditures and Ch anges in Fund Balances - Budget and Actual Major Capital Projects Funds:

Housing Authority Capital Project Fund ................................................................................... 122 General Capital Projects Capital Project Fund .......................................................................... 123 Certificates of Participation Debt Service Fund ........................................................................ 124 Combining Balance Sh eets – General Fund .............................................................................................. 126 Combining Schedules of Revenues, Expend itures and Changes in Fund Balance – General Fund .............................................................................................................. ............................. 127 Non-major Governmental Funds:

Combining Ba lance Sheets ................................................................................................................... 132 Combining Statements of Revenues, Expenditures, and Changes in Fund Balances ............................................................................................................................. 138 Combining Schedules of Reve nues, Expenditures, and Changes in Fund Balances -Budget and Actual ............................................................................................. 144 Non-major Enterprise Funds
Combining Statemen ts of Net Position ................................................................................................ 154 Combining Statements of Revenues, Expe nses and Changes in Fund Net Position ........................... 155 Combining Statemen ts of Cash Flows ................................................................................................. 156 Internal Service Funds:

Combining Statemen ts of Net Position ................................................................................................ 158 Combining Statements of Revenues, Expe nses and Changes in Fund Net Position ........................... 160 Combining Statemen ts of Cash Flow ................................................................................................... 162 Custodial Funds:

Combining Statement of Fiduciary Net Position – Custodial Funds ................................................... 166 Combining Statement of Changes in Fi duciary Net Position – Custodial Funds ................................ 167

STATISTICAL SECTION (Unaudited)

Net Position by Component – Last Ten Fiscal Years .................................................................................. 173 Changes in Net Position – Last Ten Fiscal Years ........................................................................................ 174 Fund Balances of Governmental F unds – Last Ten Fiscal Years ................................................................ 178 Changes in Fund Balance of Government al Funds – Last Ten Fiscal Years .............................................. 180 Assessed and Estimated Actual Value of Ta xable Property – Last Ten Fiscal Years ................................. 182 Property Tax Rates - All Overlapping G overnments – Last Ten Fiscal Years ............................................ 183 Principal Property Taxpayers – Cu rrent Year and Ten Years Ago .............................................................. 184 Property Tax Levies and Collect ions – Last Ten Fiscal Years .................................................................... 185 Ratio of Outstanding Debt by Type– Last Ten Fiscal Years ....................................................................... 186 Computation of Direct and Overlapping Debt ............................................................................................. 187 Computation of Legal Bonded Debt Ma rgin – Last Ten Fiscal Years ........................................................ 188 Revenue Bond Coverage Wastewater Revenue Bonds – Last Ten Fiscal Years ....................................... 189

STATISTICAL SECTION (Unaudited) (Continued)

Bonded Debt Pledged Revenue Coverage, Tax Allocation Bonds- Last Ten Fiscal Years ........................ 190 Demographic and Economic Statisti cs – Last Ten Fiscal Years ................................................................. 191 Principal Employers – Curren t Year and Ten Years Ago ............................................................................ 192 Full-Time Equivalent City Government Empl oyees by Function – Last Ten Fiscal Years ........................ 193 Operating Indicators by Function/Progr am – Last Five Fiscal Years .......................................................... 194 Capital Asset Statistics by Function/ Program – Last Ten Fiscal Years ....................................................... 196

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Department of Finance – Finance Administration T: 510.583.4010 F: 510.583.3600 777 B Street, Hayward, CA 94541 www.hayward -ca.gov
March 24, 2025
Honorable Mayor, Members o f the Ci ty Council, and Residents o f the City o f Hayward, California:

It is my pleasure to submit the Annual Comprehensive Financial Report (ACFR) of the City of Hayward for the fiscal year ended June 30, 2024. Responsibility for the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City. In the opinion of management, the data is accurate in all material respects, is presented in a manner designed to fairly set forth the financial position and results of operations of the City, and contains all disclosures necessary to enable the reader to understand the City’s financial affairs. The financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB).

FINANCIAL STATEMENT PRESENTATION
This report consists of management’s representations concerning the finances of the City of Hayward, California. Consequently, management assumes full responsibility for the completeness and reliability of the information presented in this report. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial statements in conformity with GAAP.

The City’s financial statements have been audited by Maze and Associates, a public accounting firm fully licensed and qualified to perform audits of local governments within the State of California. The goal of the independent auditor is to provide reasonable assurance that the financial statements of the City for the fiscal year ended June 30, 2024, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Hayward, California’s financial statements for the year ended June 30, 2024, are fairly presented in conformity with GAAP. The Independent Auditors’ Report is presented as the first component of the financial section of this Report.

The independent audit of the financial statements of the City was part of a broader, federally mandated “Single Audit” designed to meet the special needs of Federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not i
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March 24, 2025

only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis related to and involving the administration of Federal Awards. These reports are available in the City’s separately issued Single Audit Report (issued in March 2024).

This ACFR is presented in three sections: introductory, financial, and statistical. The introductory section includes this transmittal letter, the City’s organizational chart, and a list of principal officials. The financial section includes the basic financial statements and the combined financial statements and schedules, the independent auditor’s report on these financial statements and schedules, and management’s discussion and analysis (MD&A). The statistical section includes selected financial and demographic information, generally presented on a multi-year basis.

The independent auditor’s report is presented as the first component of the financial section of the ACFR, followed by the MD&A, which provides a narrative introduction, overview, and analysis to accompany the basic financial statements. This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it.

CITY PROFILE & SERVICES
With a population currently estimated at 162,954 Hayward is the sixth largest city in the San Francisco Bay Area and the third largest city in Alameda County. Hayward is located fourteen miles south of Oakland in the San Francisco Bay Area. The City area includes sixty-one square miles lying between the eastern shore of the San Francisco Bay and the southern Oakland- Berkeley Hills. Hayward serves as a major transportation hub and a center of commercial and industrial activity, with immediate access to major interstate freeways, rail lines, and public transit routes such as Bay Area Rapid Transit (BART). The community has more than 50,000 homes and residences of all types; and considerable commercial and industrial development.

Major institutional facilities include California State University-East Bay, Chabot Community College, one major hospital, a variety of private and vocational educational institutions; and state and county offices.

City Structure
The City was incorporated i n 1876. Under the Ci ty Charter adopted i n 1956, the City government is organized in the Council-Manager form. The Mayor is directly elected to a four- year term of office and serves as a voting member and the presiding officer of the City Council.

The City Council includes six other members, each of whom is elected at-large to overlapping four-year terms. The Mayor and City Council serve as the legislative and policy-making body of the City government and appoint a City Manager, a City Clerk, and a City Attorney. The City Manager is the City's chief executive officer and appoints all other City staff. The City Manager is responsible for the daily administratio n o f the City governmen t and provides overall direction to all City departments.

City Services
Hayward provides a full range of services to its residents including: law enforcement; fire prevention and protection;
paramedic services; housing and economic development; land use ii
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development services and regulations; community planning; street construction and maintenance; landscape maintenance services; transportation planning; and contracted curbside recycling and refuse collection. In addition, the City operates and maintains facilities for water distribution, storm water, and sanitary sewer collection and disposal. The City also operates a general aviation executive airport, downtown parking facilities, a main and branch library, and a civic center. Park and recreation services are provided through partnership with the regional Hayward Area Recreational District (HARD), headquartered in the City. This partnership includes one public golf course under operational lease to HARD. After school homework and tutoring programs and literacy classes are provided through the City Library system and are located in the Library and on school campuses in partnership with Hayward Unified School District (HUSD).

Component Units
The City Council is also financially accountable for the Successor Agency o f the Hayward Redevelopment Agency, the Hayward Publ ic Financing Authority, the Hayward Housing Authority, and Hayward Business Improvement District; therefore, these component unit activities are included in the accompanying basic financial statements. Furthermore, the City participates in a number o f joint ventures and authorities, which exist due to joint exercise of
power agreements. An equity interest is reported for the East Bay Dischargers Authority (www.ebda.org/). The complete financial activities have not been included for this entity, as the City Council is not financially accountable for them. Other entities, which have been excluded, that do not meet the established criteria for inclusio n in the reporting entity are the Hayward Area Recreatio n and Park District ( www.haywardrec.org/) and Hayward Unified School District (www.husd.k12.ca.us/).

ECONOMIC CONDITION AND OUTLOOK
The information presented in the financial statements is best understood when it is considered with in the broader perspective of the specific environment in the City of Hayward.

Local Economy
Hayward is a diverse city with a diverse economy –
comprised o f a well-established and
growing business communi ty that represents a balance o f retail, industrial, and advanced technologies. In fiscal year 2024, the City o f Hayward’s economy continued experiencing stable and healthy recovery from the impacts o f the pandemic. The City has see n a steady increase in business licenses each year since 2020 and closed 2024 with a high o f 7,115 active businesses.

The Employment Development Department data reflects that the unemployment rate as of June 2024 increased from 4.2% to 4.7% in Alameda County. While the unemployment rate has increased by 0.5%, it is still well below the pandemic high rate of 8.9% in 2020.

The City of Hayward, like many bay area communities, has noticed a decline in the number of units sold and a flattening of sale prices during the first half of the 2023 and an improvement as we moved through the summer and fall. The factors that were driving this iii
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sales patter n included the reactio n to the continued higher interes t rates after multiple interest rate hikes in 2022 impacting mortgages and a reduction in the number of properties offered for sale in 2023. We have now seen two calendar years where current homeowners have decided to wait out the higher interest rates and not offer their current properties for sale resulting in a lower inventory. As we have moved through the 2024 calendar year, home sales have continued to trend lower than those reported over the past several years and median sale value growth has no t been as large as we have see n in many of the years since 2020.

O
verall, despite the housing market cooling, there was still an increase in FY 2023-24 tax year assessment roll by $2.0 billion, or 7.2%. Residential use values increased 5.9% a total of $1.1 billion and represented 53.4% of all growth experienced in the City. Industrial properties posted an increase of $401 million or a year-over-year increase of 8.2% and commercial properties posted gains of 3. 46% and $ 76.6 million. Vacant uses increased

16.25% and $111.3 million on 70 fewer parcels in the category this year.

From 2008-2012 the City saw a cumulative loss of $12.4 million in sales tax revenue, due in large part to lagging automobile sales, along with decreases in business- to-business, construction, and other retail sectors. While the City has seen an erosion in some business segments, this revenue source has been fully restored to pre- recession levels. The City’s Measure C District tax revenues as approved by the voters in 2014, ($ 22.3 million in FY 2024) dramatically increased total Sales Tax revenues. However, these revenues are targeted for specific activities as outlined in the ballot measure language in 2014. As a result of the commitment to utilize these revenues for specified activities, the City considers these revenues separate from the City’s general Sales Tax revenue.

On May 19, 2009, the voters of the City of Hayward approved Measure A allowing for the collection of a 5.5% utility users tax to maintain key essential services and prevent further reductions to basic City services. The tax was extended to FY 2039 after the voters approved Measure D in 2016. The utility users’ tax revenue for fiscal year 2024 was $24.5 million.

The City’s Utility Use Tax revenue increased $8.6 million, or 50 %, in fiscal year 2023 compared to fiscal year 2022 due to increase in energy demands and provisions. This revenue is stabilized in 2024, but the City will continue to monitor this revenue source for any significant changes. Real Transfer Tax however, has continued to decreased significantly from the prior year from a FY 2021- 22 high of $21.2 million to just over 12 .5 million in FY2023-24 due to the cooling of the housing market as a result of the high interest rate environment.

While the City remains optimistic, management remains focused on the long-term fiscal outlook for the future as the City continues to experience growth in expenditures related to employee costs and deferred infrastructure improvements. Controlling expenditures has been a key element in responding to the City’s fiscal challenges. iv
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Factors Affecting the City’s Financial Condition
In addition to the unforeseen impacts of the COVID -19 pandemic, the City faces similar challenges to other local jurisdictions in California. In addition to rising operating and capital costs, the City has lost over $100 million in local revenues to the State since 1994. The State’s ability to take local government revenues, the loss of the City’s redevelopment agency being a prime example, has significantly hampered the future plans of local governments for years to come. In addition, the State’s continued policy to push services and unfunded mandates down to the local level without reallocating revenue to support the service delivery is a continued challenge.

Long-term Perspective
The City has been prudent with its financial resources and has contained costs by implementing structural budget-saving strategies and cost sharing agreements . While the City has consistently worked to balance its budget, Hayward must continue with this effort to address and resolve an ongoing structural deficit within the General Fund, which is largely driven by rising employee costs and dedication to meet the ever-growing emerging community needs.

The City employs long -term planning as the framework for its fiscal decisions and updates its forecasting model to provide a comprehensive and agile tool projecting the City’s finances for a ten-future fiscal year period for the General Fund as well as other key operating funds.

While the General Fund structural budget gap has been reduced as compared to years past, the City contin ues its efforts to eliminate structural gaps and achieve a more stable fiscal outlook on a long-term basis.

While Hayward’s underlying economy is viewed as stable and positive in the long -term, today’s economic challenges, notably to the City’s General Fund, must be addressed to ensure long-term economic stability. The other enormous challenge is continuing to provide a n ever–increasingly high level of service to the community with limited resources and rising employee costs – while ensuring long-term economic stability.

MAJOR INITIATIVES & ACCOMPLISHMENTS
In Spring 202 4, the Hayward City Council adopted an update to the City’s “Strategic Roadmap,” which included six revised priority areas: Preserve, Protect & Produce Housing for All; Grow the Economy; Confront Climate Crisis & Champion Environmental Justice; Invest in Infrastructure; Strengthen Organizational Health; and Enhance Community Safety & Quality of Life. Through the budget planning process, and with City Council direction, the management team has aligned its program priorities and service delivery objectives wit h these Strategic Priorities. Some of the accomplishments and ongoing efforts in these Priority areas are discussed below.

Capital Improvement Program
One way through which the City implements the Strategic Priorities is through the Capital Improvement Program (CIP), which guides all of the capital infrastructure replacement and v
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improvement efforts throughout the City. The capital budget for FY24 totaled about $115 million, with approximately $905 million tentatively programmed for the entire ten-year period from FY24 through FY34. While the City’s CIP Projects touch the Confront Climate Crisis & Champion Environmental Justice, Enhance Community Safety & Quality of Life, and Strengthen Organizational Health Priorities, they predominantly support the Invest in Infrastructure Priority.

Invest in Infrastructure Priority
Mission Blvd Phase 3: Phase 3 of the Mission Boulevard Corridor Improvement Project, from A Street to the northern City limit at Rose Street, is the last phase of the three-phase Mission Blvd Corridor Improvement Project. Improvements included are undergrounding overhead utilities, electrical service conversions of private properties, construction of a bicycle cycle track, sidewalk, curb and gutter, rehabilitation of pavement, installation of traffic signals and streetlights, installation of traffic striping, pavement marking and signage, improvements to storm drains systems, installation of irrigation system and landscaping, as well as City of Hayward monument signs. The construction bids received in 2021 to implement this project were significantly higher than expected and subsequently rejected, delaying the project timeline. The call for bids was reinitiated in February 2023 and construction started in Summer 2023 and will be completed in the spring 2025.

Construct Fire Station No. 6 & Fire Training Center: Located on West Winton Avenue, adjacent to the Hayward Execute Airport, the New Fire Station 6 and Fire Training Center Project involved the replacement of the existing Fire Station 6 and Fire Training Center with nine new buildings and structures. New buildings include Fire Station 6/Classroom Building, Apparatus Building, Training Tower, Burn Building, Storage Building, Hangar Building, USAR/BART Training Structure, Outdoor Classroom, Entry Canopy, and a parking lot. The project also included the installation of Bay-friendly landscaping, storm water treatment devices, LED lighting, and solar PV panels. The new facilities achieved LEED Silver. Construction started in August 2020, but progress was impacted mainly due to the supply chain and other issues during the Pandemic, with occupancy starting in February 2023 as individual buildings were completed. The Fire Station 6/Classroom Building was completed and occupied in August 2023.

Design & Construct Capital Improvements to Airport Hangars: Routine maintenance of Airport-owned hangars is provided by staff and contractors, but due to the age of the structures, a consultant was hired in FY19 to provide a comprehensive hangar condition assessment that was completed in mid-FY20. A 10-year maintenance schedule was subsequently developed, and repair and replacement work began in FY20, including the installation of LED lighting and extensive roof improvements. The four phase hangar roof repair project was completed in the first quarter of FY24. Airport staff continue to replace worn out hangar wheels as needed.

Safe Routes to School Program: The Alameda County Transportation Commission (ACTC) conducted School Safety Assessments for fourteen public schools in Hayward, resulting in a set of infrastructure recommendations to make it easier for students to bike and walk to vi
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school. Hayward's new Safe Routes to School (SR2S) Program has been created to implement these recommendations. In collaboration with partners including Hayward Unified School District, ACTC, and various community organizations, the Program will combine engineering tools with safety education and other activities to encourage students to choose alternate modes of transportation on their way to school.

The City's first SR2S project began in FY22 near Cesar Chavez Middle School, and included installation of curb and median extensions, advanced stop and yield marking, yellow high- visibility crosswalks, rectangular rapid flashing beacons (RRFB), and more. The project went to bid in February 2023 and construction was completed in early FY 2024. Fifty percent of the project budget is being funded by an ACTC SR2S grant. The City received a grant from the California Air Resources Board in April 2024 that includes implementation of infrastructure improvements at 12 additional schools, with design for those improvements occurring during FY 2025.

Safe Routes for Seniors Program: The City of Hayward's Safe Routes for Seniors (SR4S) Program is a collaborative effort between the City and local senior housing facilities, senior centers, and community-based organizations. Through these partnerships, the City is working to identify areas in Hayward at which to focus accessibility and walkability improvements. In FY22, the City's first SR4S effort was implemented, which involved the improvement of four downtown Hayward intersections, including Foothill Blvd/Hazel Ave- City Center Dr, Montgomery Ave/A St, Montgomery Ave/B St, and Watkins Ave/D St.

Improvements included increased pedestrian crossing times, installation of high-visibility ADA ramps, repositioning of cross walks and pedestrian push buttons to align with ADA improvements, and widening medians for pedestrian refuge, among many others.

Improvements continued through FY23 and were completed in FY24. The SR4S Program receives support from dedicated Measure BB (Paratransit) funding. The City has begun developing walkability improvements near senior centers and residential areas in South Hayward in FY 24, with several locations identified and concepts developed. These will move into final design in FY 25.

Reduce Carbon Emissions – Transition 20% of Total City Fleet to EV/Hybrid Models:

The City maintains a fleet of approximately 475 vehicles and equipment units, and the useful life of these fleet units is maximized and managed via the 10 Year Fleet Capital Replacement Plan. The plan identifies replacement timelines based on age, mileage, maintenance, and safety. When it comes time to retire a unit, carbon emissions are a key consideration.

After a successful 4-year transition moving 15% of the City’s fleet to EV/hybrid models by 2023, the target is being increased to 20% by 2027. In FY24, a total of six EV/hybrid vehicles were ordered to replace vehicles that have reached the end of their useful life.

Staff continues to work to invest in EVs where possible and within current replacement cycles and budget parameters. While staff is working aggressively to meet this goal, global supply chain, production issues, and changing state and federal laws continue to delay the timely delivery and procurement of all fleet vehicles.
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Enhance Community Safety & Quality of Life Priority
South Hayward Youth & Family Center: Since 2013, the City of Hayward, Alameda County (County), and Hayward Area Recreation and Parks District (HARD) have worked towards a shared vision of constructing and operating a new center at the corner of Tennyson and Ruus Roads called the South Hayward Youth and Family Center (SHYFC) -- also known as "The Stack Center." The project site is on City-owned property and located at 680 West Tennyson Road. The City secured the funding, including contributions from the State and Federal governments, for the construction of Phase I of the campus, consisting of the rehabilitation of the Matt Jimenez Community Center Building and site work improvements. Phase I construction commenced in February 2024 and is anticipated to be completed in early 2025. Staff continue to fundraise to close the funding gap for Phase II of the campus.

Complete LaVista Park: In partnership with Hayward Area Recreation and Parks District (HARD), La Vista Park is a 50-acre destination park located a quarter mile east of the intersection of Tennyson Road and Mission Boulevard in South Hayward. La Vista Park is planned to include a soccer field, basketball courts, an amphitheater, dog park, playgrounds, picnic areas, walking/hiking trails, science garden, observation points, and open areas. In FY22, the California Environmental Quality Act (CEQA) report was updated to include the park expansion area, and the design was finalized. The construction bids received in June 2023 to implement this project were significantly higher than expected and subsequently rejected, delaying the project timeline. Staff has worked to scale down the project and plan to reinitiate the call for bids in late 2024.

Complete Tennyson & Jackson Corridor Landscape Beautification: In FY18, as part of the City Council’s Tennyson Corridor Strategic Initiative, staff began renovating the medians along Tennyson Corridor in an effort to transform this busy corridor into a visually appealing community gateway. The three-year project involved new trees, plants, bark chips, pavers, and more, was completed in FY22.

Similar median beautification efforts are planned for the Jackson Corridor, another key arterial road within the City. Also a three year-long project, this effort commenced in FY23.

At the end of FY24, the project was 2/3 complete with an estimated completion date of June 2025. The project mimicked the efforts along Tennyson, including new trees, plants, bark chips, pavers, irrigation, and more.

Municipal Parking Lot Improvements: As part of the City’s ongoing effort to improve its municipal parking lots and maximize accessibility in Downtown Hayward, Municipal Lot 8 received significant improvements in FY23 including an upgraded parking configuration to City standards and ADA-compliant parking spaces requirements. The pavement in the lot was also rehabilitated, additional landscaping and LED lighting were installed, and parking stall conditions were upgraded. Municipal Parking Lot 11 was also completed in May 2024. The improvements included upgrading the parking configuration to City standards and ADA parking spaces requirements. Additional improvements were pavement rehabilitation, additional landscaping, additional LED viii
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parking lot lighting, parking stall striping, markings and signages. Muni Lot No. 11 is the last of the nine municipal parking lots to be rehabilitated through the annual pavement and rehabilitation and preventive maintenance program.

FINANCIAL INFORMATION
Organizational Health and Fiscal Stability
Long Range Financial Planning: The City continues to refine its long-range financial planning tools as part of managing the annual budget for the General Fund, other key revenue funds such as internal service and enterprise funds, and the Capital Improvement Program. Utilizing both a five-year and long-range approach has helped the City identify and plan accordingly to manage potential future structural deficits.

Long-term Debt Ratings: The City maintains excellent ratings on all of its debt issuances. In recent fiscal years, the City has received very high ratings from the various rating agencies, including a AA rating from both Fitch and Standard & Poor’s of the 2015 Certificates of Participation (COP) and a AA+ rating by Standard & Poor’s for the 2013 Water Bonds. The City also has an implied general obligation rating of AA+ with a stable outlook from both rating agencies. Standard & Poor’s Ratings Services reviewed the rating of the 2004 and 2006 TABS and upgraded its rating from A- to A and affirmed a stable outlook. In September 2021, Fitch affirmed the City’s AA+ Issuer Default Rating and maintained the City’s outlook as stated.

Most recently, in August of 2023, Standard & Poor’s affirmed an AA rating for the 2023 refunding of certificates of participation and reaffirmed the AA long term rating on the 2015 COPs. A critical component of the rating agency review is the City’s financial management status - i.e., appropriate reserve levels, plans to reduce liabilities, fiscal policies, etc. If the City fails to maintain these areas of fiscal control, the City could see a reduction in future ratings.

Internal Controls: The City’s management is responsible for establishing and maintaining an internal control structure designed to ensure that adequate accounting data is compiled to prepare the City’s financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the calculation of costs and benefits requires estimates and judgments by management.

Budgetary Controls & Financial Pol icies
The City Council adopts financial policies that provide guidance to critical areas such as budget administration and long-term planning, debt and cash management, fund balance/reserve levels, and risk management.
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Budget Control: Budgetary controls ensure compliance with legal provisions embodied in the annual budget approved by the City Council. Per the City Charter, the City Council is required to adopt an annual budget resolution prior to July 1 of each fiscal year. Activities of all funds, except agency funds, are included in the Annual Budget. The City also adopts a ten- year capital improvement program, appropriat ing the current year’s expenditures in the annual budget. The level of control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established at the fund level. The City Manager may authorize transfers of appropriations in the adopted budget within funds; however, any revisions which alter the total expenditures of any fund must be approved by the City Council.

Long-term Planning: One of the financial policies noted above outlines the City’s goals related to long-range financial forecasting. As recommended by the policy, the City annually prepares and adopts a ten-year financial plan for the General Fund as part of the operating budget.

In addition, the City maintains long-range forecasting models for other key operating funds, including a capital improvement program plan. The City adopts a ten-year Capital Improvement Program annually, that includes planned capital projects in the areas of transportation, low to moderate income housing, pedestrian access, utilities, airport, and internal services capital replacements. All these investments in the various areas reflect the City Council’s commitment to maintain or improve the City of Hayward and provide the citizens with the highest possible service and level of infrastructure possible given constrained funding.

Debt Administration: Even as a charter city, Hayward has adopted a comprehensive debt management policy that guides the issuance and management of City debt. The policy includes establishing the legal debt limits (per State law this equates to 15% of assessed value of all real and personal property of the city); identifying the types of debt that can be issued and purposes for which debt proceeds can be used; establishing financial limits affecting debt issuance; and identifying guidelines regarding the structuring of debt (such as term). At the end of fiscal year 2024, the City had total debt outstanding of $79.0 million, which complies with, and is significantly under, the current policy limits. This is further detailed in the accompanying Management Discussion and Analysis (MD&A) section of this document.

Cash Management: The City’s investment policy is conservative and is supported by the annual adoption by the City Council of a Statement of Investment Policy that defines the objectives and priorities of the investment program, which stresses the safety and liquidity of funds as the highest priority. The final priority is to achieve the maximum yield possible within the constraints and limits stated in the policy. The City hired a third-party investment manager in July 2012 to assist in managing and balancing the City’s pooled cash portfolio, and improving the overall yield within policy guidelines.

Reserve Policies: In complying with the provisions of GASB Statement 54 (fund balance reporting and fund type definitions), some of the current reserve designations have changed.

For FY 2024, the policy states that General Fund reserves for economic uncertainty and x
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liquidity should be no less than two months of city operating costs or at least 20% of budgeted General Fund operating expenditures.

While further delineated in the accompanying MD&A, at the end of fiscal year 2024, the unassigned fund balance of the General Fund was $31.6 million, while the total fund balance was $59.8 million (includes non-cash outstanding receivables of over $10.6 million and $17.2 million in Measure C District Tax cash balance).

AWARDS AND ACKNOWLEDGEMENTS
Award Recognition
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Hayward for its Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023. This was the thirty seventh consecutive year that the City of Hayward has received this prestigious national award. In order to be awarded a Certificate of Achievement, the City must publish an easily readable and efficiently organized ACFR. This Report must also satisfy both GAAP and applicable legal requirements.

A Certificate of Achievement for Excellence in Financial Reporting from the GFOA is valid for a period of one year. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement requirements and staff will submit it to the GFOA to determine eligibility for another certificate.

Acknowledgements
The preparation of this report would not have been possible without the dedicated efforts of the entire Finance Department staff, as well as the audit firm of Maze & Associates. All those who contributed to the preparation of this report deserve commendation for their dedication and hard work. I would like to express special appreciation to Christina Crosby, Deputy Director of Finance; Shannon Collins, Accounting Manager; Denise Robles, Accountant; Jorge Cortez, Accountant; and the entire Accounting Division staff.

I also wish to recognize the commitment of the City Manager, the Mayor, and the City Council to the high standards embodied in this report and express appreciation to them and each City department for their cooperation and support in conducting the fiscal operations of the City.

Respectfully Submitted,
Regina Youngblood
Interim Director of Finance
City of Hayward
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CITYWIDE ORGANIZATION
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Appointed by City Council
Interim City Manager
City Attorney

City Clerk
Dustin Claussen
Michael Lawson
Miriam Lens
Department Directors
Assistant City Manager
Acting Assistant City Manager
Development Services
Finance
Fire
Human Resources
Acting Information Technology

Library
Maintenance Services
Police
Public Works & Utilities
Regina Youngblood
Adam Kostrzak
Sara Buizer
Nicole Gonzales
Chief Garrett Contreras
Brittney Frye
Lisa Bolger
Jayanti Addleman
Todd Rullman
Chief Bryan Matthews
Alex Ameri

ADMINISTRATIVE STAFF
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Hayward
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
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FINANCIAL SECTION

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INDEPENDENT AUDITOR’S OPINION
To the Honorable Members of the City Council
City of Hayward, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remain ing fund information of the City of Hayward (City), California, as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the Table of Contents.

In our opinion, the financial statemen ts referred to above present fair ly, 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, 2024, and the respective changes in financial position and, where applic able, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

We did not audit the financial statements of the Ea st Bay Dischargers Authority, which represent 1.78%,

2.28% and 8.05%, respectively, of the assets, net pos ition and revenues of the business-type activities.

Those statements were audited by other auditors whos e report has been furnishe d to us, and our opinion, insofar as it relates to the amounts included for the East Bay Dischargers Authority, is based solely on the report of the other auditors.

Basis for Opinions
We conducted our audit in accordance with auditing sta ndards 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. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be inde pendent of the City and to meet ou r other ethical responsibilities, in accordance with the relevant ethical requirement relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fa ir presentation of these financial statements in accordance with accounting principles generally acce pted in the United States of America, and for 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.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substa ntial doubt about the City’s ability to continue as a going concern for twelve months beyond the financ ial statement date, incl uding any currently known information that may raise substantial doubt shortly thereafter. 1 Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Misstatements are considered material if there is a substantial likelihood that , individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit.

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circum stances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.

• Evaluate the appropriateness of accounting policie s used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

Change in Accounting Principles

Management adopted the provisions of Government al Accounting Standards Board Statement No. 100, Accounting Changes and Error Corrections, which became effective during the year ended June 30, 2024 and required a disclosure item in the financial stat ements as discussed in Note 1 to the financial statements.

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

2 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 stat ements. Such information is the responsibility of management and, although not a part of the basic fina ncial 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 c ontext. 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.

Supplementary Information

Our audit was conducted for th e purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying Supplementary Information, as listed in the Table of Contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the res ponsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.

The information has been subjected to the auditing pro cedures 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 Supplementary Information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information

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

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists betw een the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrect ed material misstatement of the other information exists, we are required to describe it in our report.

3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 24, 2025, 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 te sting, and not to provide an opini on on the effectiveness of the City’s internal control over financia l reporting or on compliance. That repo rt 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
March 24, 2025
4 CITY OF HAYWARD, CALIFORNIA
Management’s Discussion and Analysis
As management of the City of Hayward (City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2024. We encourage readers to consider the information presented here in conjunction with additional information furnished in the Letter of Transmittal, which can be found in the preceding introductory section of this report, and with the City’s basic financial statements and accompanying notes to those financial statements.

Financial Highlights
 At the close of the most recent fiscal year, the City’s asset and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by $578.2 million (total net position). Excluding the $530.54 million net pension liability, $420.6 million of unrestricted net position is available to meet the City’s ongoing obligations to residents and creditors.
 The City’s total net position decreased by $6.6 million over fiscal year 2024. Governmental activities, including the General Fund, decreased by $14.6 million and Business-type activities increased by $8 million.
 As of June 30, 2024, the City’s governmental funds reported combined fund balances of $196.8 million, a decrease of $11.9 million from the prior year.  At the end of fiscal year 2024, total fund balance for the General Fund, including Measure C, is $59.8 million, an increase of $0.8 million over fiscal year 2023. Of the total, the General Fund ending fund balance is $42.6 million, and Measure C ending fund balance is $17.2. The total fund balance is comprised of $10.6 million in non-spendable (illiquid reserves), $17.5 million in assigned (liquid reserves designated for specific purposes), and $31.6 million in spendable fund balance designated for contingencies, economic uncertainty, emergencies, and liquidity by City Council. The $31.6 million unassigned fund balance represents 53% of total General Fund expenditure including Transfers Out.

The $10.6 million in non-spendable reserves offsets a long-term loan receivable (General Fund loan to the Redevelopment Successor Agency).
 Fiscal year 2024 ended with a net increase to the General Fund, General Purpose Fund Reserve of $221 thousand (net of Measure C district sales tax revenues).  As of June 30, 2024, the City’s enterprise funds (Sewer, Water, Stormwater and Airport) reported a combined ending net position of $399.8 million; an increase of $8 million from the previous year.

Overview of the Basic Financial Statements
This discussion and analysis are intended to serve as an introduction to the City’s basic financial statements. The City’s financial statements ar
e comprised of three components: 1) government-
wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. In addition to the basic financial statements, this report also contains the required supplementary budget vs. actual information and other statistical supplementary information. 5 Government-wide Financial Statements. (p ages 21-22) The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner like a private-sector business.

The statement of net position (see Table 1 below on page 8) presents information on all the City’s assets and liabilities, with the difference between the two reported as net position. Ov er time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. It should be noted that net position includes liquid and illiquid assets (cash and non-cash).

The statement of activities and change in net position ( see Table 2 below on page 9) presents information showing how th e government’s net position changed during the mo st recent fiscal year. All changes in net po sition 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 only result in cash flow impacts in future fiscal periods (e.g. uncollected taxes and earned but unused vacation leave).

Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental rev enues (gover nmental activities). The governmental activities of the City include: general government; public safety; public works and transportation; library and community services; planning and building; maintenance services; and interest on long-term debt. The business-type activities of the City includ e: sewer and water services; storm water runoff management; and the Hayward Executive Airport.

Fund Financial Statements. A fu nd is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses f und accounting to ensure and demonstrate co mpliance with finance-related legal requ irements. All of the funds of the City can be divided into three categories: governmental funds; proprietary funds; and fiduciary funds.

Governmental Funds.
(pages 26-28) Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements.

However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the City’s near-term financial requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for government 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 City’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund b alances provide a reconciliation to facilitate this comparison between governmental fund and governmental activities. 6 The City maintains twenty-three individual government funds for financial reporting. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and change s in fund balance f or the General Fund, Federal Grants, Housing Authority, Route 238 Corridor Improvement Fund and General Capital Projects Fund all of which are considered to be major funds. Data from the other eighteen governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements in the Non-major Governmental Funds section of this Report. Combining statements present and summarize all the details of the non-major funds.

The C ity adopts an annual appropriated b udget for all its governmental funds. A budgetary comparison statement is provided for all governmental funds with annually adopted budgets. The budget comparison statements for the General Fund, Federal Grants Special Revenue Fund, Housing Authority Capital Project Fund, the Route 238 Corridor Improvement Capital Project Fund and General Capital Projects Fund are located in the financial statements starting on page 8 of this report. All other major and non-major funds with legally adopted annual budgets are located in the supplementary information section.

Proprietary Funds. (pages 34-36) The City maintains two different types of proprietary funds, the Enterprise Funds and the Internal Service Funds. The Enterprise Funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its sewer, water, storm water runoff, and airport operations. The Internal Service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions. The City uses internal service funds to account for its Workers Compensation, General Liability, Fleet Management, Facilities, Information Technology, and Employee Benefits Funds. Because these services predominately benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements.

Proprietary fund statements provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fu nd financial statements provid e separate information for the Sewer and Water Funds which are major funds. Conversely, the Airport Fund and internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is prov ided in the form of combining statements in the Internal Service Funds section of this Report.

Fiduciary Funds. (pages 38-39) Fiduciary funds are u sed to accou nt for resources held for the benefit o f parties outside the City. Fiduciary f unds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City’s own programs.

Notes to the Basic Financial Statements. (pages 41-99) The notes provide additional information that is essential for a full understanding of the data provided in the go vernment-wide and fund financial statements.

Other Information. In addition to the b asic financial statements and accompanying notes, supplementary information on major and non-major governmental funds and internal service funds are presented in this report. Combining and individual fund statements and schedules can be found beginning on page 122 of this Report.
7 Government-wide Financial Analysis
The statement of net position and the statement of activities of the City’s governmental activities and business-type activities are presented below in Tables 1 and 2.

Statement of Net Position . As noted earlier, net position may serve as a u seful indicator of a government’s financial position over time. In the case of the City, total assets exceeded total liabilities by $578.2 million at the close of the current fiscal year, a decrease from the prior year of $6.6 million. The change in the combined net position includes a decrease of $14.6 million in Governmental Activities, and an increase of $8 million in Business-type Activities.

Table 1 – City of Hayward Statement of Net Position (in millions) The largest portion of the fiscal year 2024 City’s net position, $564.5 million, reflects its investment in capital assets (e.g. land; buildings; street infrastructure; sewer and water pipelines; machinery and equipment) less any related debt used to acquire those assets that are still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay debt must be provided from other sources (future revenue), since the capital assets themselves cannot be used to liquidate these liabilities.
2024 2023 2024 2023 2024 2023
Assets
Current and other assets $291.0 $310.1 $321.4 $315.1 $612.4 $625.2 Capital assets 462.8 467.6 180.4 181.0 643.2 648.6
Total assets 753.8 777.6 501.8 496.1 1,255.6 1,273.7
Deferred outflows 126.2 132.4 9.6 9.0 135.8 141.5
Liabilities
Long term debt outstanding 49.1 66.9 29.5 33.0 78.6 99.9 Other liabilities 634.3 623.3 55.0 51.6 689.3 674.9
Total liabilities 683.4 690.2 84.5 84.6 767.9 774.8
Deferred inflows 18.2 26.7 27.0 28.7 45.2 55.4
Net position:

Net investments in capital assets 413.7 408.6 150.9 148.0 564.5 556.6 Restricted 123.7 131.4 0.0 0.0 123.7 131.4
Unrestricted* (358.9) (346.9) 249.0 243.9 110.0 (103.1) Total net position $178.4 $193.1 $399.8 $391.9 $578.2 $585.0 * U
nrestricted net position for June 30, 2024 and 2023, includes the City's net pension liability, which is not a cl
aim on current financial assets.

Governmental Activities Business-type Activities Total
8 In fiscal year 2024, the City’s net position included $135.8 million in deferred outflows of resources. Of this amount, $116.8 million is related to pensions. This includes $48.5 million related to pension contributions after the measurement date, as well as $6.5 million attributable to changes in calculation assumptions and differences between expected and actual trust fund performance. $18.7 million of the deferred outflows are related to other post-employment benefits (OPEB). $8.7 million of these OPEB related deferred outflows is related to employer contributions after the measurement date and $10.0 million is related to changes in assumptions and trust performance.

Finally, $0.2 million in outflows is related to 2016 refunding of certificates of participation, resulting in a deferred loss.

The City’s long-term debt of $78.6 million includes $8.5 million due within one year, as well as an additional $70.1 million due in future years.

The largest share of the City’s other liabilities is comprised of $135.8 million in net pension liabilities and $67.1 million in OPEB liabilities, as detailed in Note 13, $18.7 million as detailed in note and 0.2 million in note 7. Other major liabilities include $25.6 million in accrued liabilities, $11.6 in unearned revenue, $19.6 million in accounts payable, $12.9 million in total compensated absences, and $20.8 million in refundable deposits.

Deferred inflows of resources totaled $45.2 million in fiscal year 2024, $6.1 million related to pensions, $24.6 million related to leases and $14.4 million related to OPEB. Pension-related deferred inflows are comprised of $6.2 million in differences between actual and expected experience. Deferred outflows changes in assumptions was 16.0 million and $40.5 million in net difference between projected and actual earnings on investments. OPEB-related deferred inflows consist of $11.2 million in changes to calculation assumptions, $11.2 million in difference between projected. The difference between the expected and actual experience is 1.4 million in deferred outflows.

A portion of the City's net position, $123.6 million, represents the resources that are subject to external restrictions on how they may be used. A lmost all of the restricted net position is related to City’s special revenue and capital projects funds. Excluding the $530.5 million net pension liability, $420.6 million of unrestricted net position is available to meet the City’s ongoing obligations to residents and creditors.

Statement of Activities. The Statement of Activities provides information about all the City’s revenues and expenses, with an emphasis on meas uring net revenues or expenses of each of the City’s programs and explains in detail the change in Net Position for the year. The City’s governmental activities net position decreased by a net total of $14.6 million.

9 Table 2 – City of Hayward Statement of Activities and Change in Net Position (in millions)

2024 2023 2024 2023 2024 2023
Program revenues
Charges for services $20.3 $28.2 $104.7 $101.0 $125.0 $129.2 Operating contributions and grants 27.2 35.1 - - 27.2 35.1 Capital contributions and grants 5.1 12.8 - - 5.1 12.8

52.7 76.1 104.7 101.0 157.3 177.2 General revenues
Property tax 73.7 70.3 - - 73.7 70.3 Sales tax 75.3 66.9 - - 75.3 66.9 Utility user tax 24.5 25.9 - - 24.5 25.9 Real property transfer tax 12.5 12.4 - - 12.5 12.4 Franchise fees 13.2 11.9 - - 13.2 11.9 Other taxes 19.9 17.4 - - 19.9 17.4 Investment earnings 6.5 3.6 8.6 3.2 15.1 6.8 Gain on disposal of capital - - - - - - Gain on sale of capital assets 0.0 0.0 - - 0.0 0.0 Miscellaneous 6.0 5.1 - - 6.0 5.1 General revenues subtotal 231.6 213.6 8.6 3.2 240.1 216.7 To
tal Revenues 284.3 289.7 113.3 104.2 397.4 393.9 Expenses by activity
General Government 41.1 23.1 - - 41.1 23.1 Public safety 157.2 166.2 - - 157.2 166.2 Public works and transportation 55.7 25.0 - - 55.7 25.0 Library and neighborhood services 16.3 14.6 - - 16.3 14.6 Economic development 1.7 8.8 - - 1.7 8.8 Planning and building 14.1 10.5 - - 14.1 10.5 Maintenance services 18.5 14.1 - - 18.5 14.1 Interest on long term debt (2.0) 2.1 - - (2.0) 2.1 Sewer - - 32.7 28.3 32.7 28.3 Water - - 59.9 52.5 59.9 52.5 Airport - - 5.1 4.6 5.1 4.6 Stormwater - - 3.8 2.7 3.8 2.7 Recycling - - 0.2 (0.1) 0.2 (0.1) T
otal expenses 302.6 264.4 101.6 88.0 404.0 352.4 Increase (decrease) before transfers (18.2) 25.3 11.6 16.2 (6.6) 41.5 Transfers 3.6 4.4 (3.6) (4.4) - - Change in Net Position (14.6) 29.7 8.0 11.8 (6.6) 41.5 Beginning Net Position 193.1 163.4 391.9 380.1 585.0 543.5 Ending Net Position (June 30) $178.4 $193.1 $399.8 $ 391.9 $578.2 $584.9 Governmental Activities Business-type Activities Total
10 Governmental Activities Revenues
Governmental revenues are categorized as Prog ram Revenues and General Revenues. Program revenue includes charges for services such as traffic safety fines, licenses, permits, plan check fees, building inspection and other construction related fees. Contributions and grants include amounts contributed by developers and grants from state and federal government, of which the majority is public works capital grants. General Revenues include general taxes (property, sales, etc.). Total revenues decreased by $5.6 million:
 Charges for Services decreased by $.4.2 million over the prior year.  Operating Contributions and Grants decreased by $7.9 compared to the previous year due to a decrease in the number of awards from outside agencies.  Capital contributions and grants decreased by $7.7 million over the prior year.  Property Taxes increased by $3.4 million over the prior year, due to continued growth in residential use property values.
 Sales Taxes increased by $8.4 million over the prior year, due to continued strength of online sales and increased collections.
 Real Property Transfer Tax increased by $0.2 million over 2023, despite an expected RPTT slowdown prompted by the Covid-19 pandemic.

Miscellaneous Revenue increased by $0.9 million compared to 2023.

Chart 1 – Revenues by Source – Governmental Activities for Fiscal Year 2024 11 Governmental Activities Expenses

The governmental expenses (excluding transfers) increased by $38 million to $302.4 million.

Operational cost in general government e xpenditures increased by $17.8 million, public safety costs decreased by $9 million, $30.7 million in public works costs increased, and a net increase of $11 million across other governmental activities expenditures. A significant portion of the increase in expenditure is related to personnel expenses in cluding rising pension benefit costs, as well as an increase in overtime expenses resulting from the City’s response to the Covid-19 pandemic and mutual aid response. The increase in public works costs is associated with the current and ongoing construction of the new Fire Station 6 and Regional Fire Training Center. Chart 2, Expenses by Function summarizes governmental expenses by category.

Chart 2 – Expenses by Function – Governmental Activities for Fiscal Year 2024

General
Government
13%
Public Safety
51%Public Works
18%
Library and
Community
Services
5%
Economic
Development
1%
Planning and
Building
5%
Maintenance
Services
6%
Interest on
Debt
-1%

Business-Type Activities. The net position of business-type activities was $399.8 million at June 30, 2024, an increase of $8 million from last fiscal year. Program revenues totaled $105 million, while program expenses totaled $101.1 million.

As the Revenue by Source chart indicates, charges for utility services account for 97% of the revenue for the City’s enterprise funds. Most of the revenues are generated by the Water and Sewer enterprises.

12 Chart 3 – Revenues by Source – Business-type Activities Charges
for services

92.4%
Investment
earnings

7.6%

Chart 4 – Expenses and Program Revenues – Business-type Activities

The Expenses and Program Revenues chart above illustrates both expenditures and revenues for operations and capital improvements for the City’s business-type activities.

Water, Sewer and Stormwater Funds increased their net position. Sewer saw an increase of $2.8 million, water increased by $5.6 million, and Stormwater decreased by $0.3 million. Given future capital expenses to be borne by these funds and increased water usage, this is an appropriate level of revenue growth. The Airport Fund experienced a slight decrease in net position of $0.1 million.

13 Financial Analysis of the Government’s Funds

Governmental Funds. The purpose of the City’s governmental fund statements is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s funding requirements. In particular, unassigned fund balance may serve as a useful measure of a gover nment’s net resources available for spending at the end of the year. It should be noted that unassigned amounts are designated by City Council for specific purposes.

At the end of fiscal year 2024, the City’s governmental funds reported combined ending fund balances of $196.8 million, a decrease of $11.9 million over prior year. Among the City’s major governmental funds, there was an increase of $0.8 million to the General Fund and an increase of $0.6 million to Measure C Fund, which were mostly offset by a reduction of $3.7 million to the General Capital Projects Fund. The net increase to the combined ending fund balances is due primarily to changes in fund balance for the City’s non-major funds. These include a decrease of $5.2 million to the Route 238 Improvement fund; an increase of $0.1 million to the Affordable Housing fund; $0.5 million to the Measure BB fund; $1.2 million to the Park Dedication Ordinance fund. The change in the Route 238 Improvement fund stemmed from the sale of City-owned parcels, while the increase to the Affordable Housing fund is due to the implementation of GASB Statement No. 84. Approximately $197 million of the fund balance or 47% represents Non- Spendable, Restricted, and Assigned fund balances ; and 53% is Unassigned and is available for spending at the City’s discretion pursuant internal and statutory restrictions, this amount represents the General Fund Reserve balance

General Fund. The General Fund, by definition, is a major governmental fund and represents all funds not required to be accounted for or presented as other funds. The General Fund accounted for 82.7% of the total governmental revenues stand at 62.8% of the total governmental expenditures. Several primary City services ar e accounted for in the General Fund, including public safety (police and fire services), general government, development services, maintenance services, and library and community services.

At the end of fiscal year 2024, the General Fund’s Unassigned fund balance was $31.6 million (exclusive of Measure C), a decrease of $7.8 millio n over the prior year. The total fund balance, inclusive of Non-spendable and Assigned balances, was $59.8 million, a increase of $0.8 million from the prior fiscal year. This difference is related to federal Covid-19 response funding, along with significant decreases to Real Property Transfer, Property, and Utility User Tax revenues. In addition to federal funding, the General Fund’s fund balance was bolstered by higher-than- expected property, sales, and real property transfer tax revenues.

As a measure of the General Fund’s liquidity, it may be useful to compare the unassigned fund balance to total fund expenditures. The unassigned fund balance represents 4.0% of total General Fund expenditure of $239.6 million (including Transfers Out).

General Fund Budgetary Highlights. Fiscal year 2024 ended with a Net Change in Fund Balance of $0.85 million (GAAP Basis).

14 The net change in fund balance for fiscal year 2024 based on actual performance (column C) is positive $0.85 million. The net change in fund balance is primarily attributed to federal pandemic response funding. This fund balance summary reflects the Net Change in Fund Balance on a budget basis. Generally accepted accounting principles (GAAP Basis) require that all funds not required to be accounted for in other funds be included in the General Fund, resulting in several general ledger funds being combined and reported as the General Fund in the financial statements. These adjustments represent the GAAP Basis Fund balan ce and form a Net Change in Fund Balance of $0.85 over prior year.

Other Major Governmental Funds. In addition to the General Fund, there are four other governmental funds considered to be major due to significant balances or activities in the current year and warrant a separate discussion in the management discussion and analysis: Federal Grants, Housing Authority Capital Projects Fund and General Capital Projects Fund.

Federal Grants Fund accounts for various federal grants received by the City, with each grant segregated within the fund to account for specific grant allocations and expenditures for specific purpose, activity or program.

The Housing Authority Fund Capital Projects Fund maintains loans for affordable housing projects.

The General Capital Projects Fund Accounts for General Fund and special revenue fund acquisition and construction of general-purpose public facilities, street resurfacing and improvements.

Proprietary Funds. The City’s proprietary-enterprise funds provide the same type of information found in the government-wide financial statements, but in more detail. At the end of fiscal year 2024, the unrestricted net position of the Sewer and Water Funds amounted to $111.6 and $126.3 million, respectively. Sewer net position increased by $2.8 million and Water net position increased to $5.6 million.

Fiduciary Funds. The Successor Agency to the Redevelopment Agency Private Purpose Trust Fund provides information about the City’s former Redevelopment Agency. In fiscal year 2024 the fund ended with a net position of $13.8 million, an increase of $1.3 million over prior fiscal year. The Successor Agency Fund is supported by property taxes, investment income, and rental income. These revenues exceeded the funds expenses in both the current and prior fiscal years. 15 Capital Asset and Debt Administration

Capital Assets. As of June 30, 2024, the City’s investments in capital assets for its governmental and business-type activities are $643.2 million (net of accumulated depreciation) as presented below in Table 4. Investment in capital assets includes land, buildings, land improvements, machinery and equipment, vehicles, and street infra structure such as roads, bridges, streetlights, traffic signals, airport hangers, sewer, and water pipelines. The City’s investment in capital assets for the current fiscal year decreased by 0.8%, with 89.4 projects moving from being classified as Construction in Progress to classified as completed Improvements and Buildings.

Table 4 – City of Hayward Capital Assets
(in millions)

Additional information on the City’s capital assets can be found in Note 5 to the basic financial statements.

Debt Administration. At the end of fiscal year 2024, the City had total bonded debt outstanding of $78.6 million as presented in Table 5. This re presents a decrease of $21.3 million versus the prior year. Of the total outstanding bond debt, $40.7 million represents certificates of participation debt for Civic Center Project (City Hall) and 21
st Century Library; $0.1 million represents capital
leases for a solar power generator, fleet vehicles, computer, and telephone equipment; $27.6 million represents State Water Board financing for a water pollution control facility; $2.3 million private placement lease; $1.9 million loan represents loan from State Energy Resources Conservation and Development Commission.

With the dissolution of the City’s Redevelopment Agency, tax allocation bonds for redevelopment projects are no longer reflected in the City’s financial statements as this debt is now part of the Successor Agency to the Hayward Redevelopment Agency.

16 Table 5 – City of Hayward Outstanding Debt (in millions) Local Improvement Districts (LIDS) in different parts of the City and a Community Facilities District #1 (Eden Shores) have also issued debt to finance infrastructure and facilities construction in their respective districts. As described in No te 8 to the financial statements, the City has sponsored special assessment debt issues, but has no legal liability for repayment. Therefore, these are not included in the City’s governmental debt. As of June 30, 2024 a total of $221 thousand in special assessment district debt was outstanding by four special assessment districts. (Further detail regarding the City debt can be found in Note 8 to the financial statements.) Economic Outlook and Major Initiatives
The economy of the City and major initiatives are discussed in the Transmittal Letter located in the Introductory Section of the ACFR.

Contacting the City’s Financial Management
This report is designed to provide a general overview of the City’s finances for all those with an interest in the government’s finances. Additional financial information is available on our website at: www.hayward-ca.gov . Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the City of Hayward Finance Department, 777 B Street, Hayward, California 94541-5007. 17 This Page Left Intentionally Blank

CITY OF HAYWARD, CALIFORNIA

STATEMENT OF NET POSITION AND STATEMENT OF ACTIVITIES

The Statement of Net Position and the Statement of Activities summarize the en tire City’s financial activities and financial position. They are prepared on the same basis as is used by most businesses, which means they include all the City’s assets and deferred outflows and all its liabilities and deferred inflows, as well as all its revenues and expenses. This is known as the full accrual basis—the effect of all the City’s transactions is taken into account, regardless of whether or when ca sh 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 and deferred outflows of resources and the City’s 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 focuses the reader on the composition of the City’s Net Position, by subtracting total liabilities and deferred inflow of resources from total assets and deferred outflow of resources.

The Statement of Net Position summarizes the financ ial 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 columns are followed by a total column that presents the financial position of the entire City.

The City’s Governmental Activities include the activ ities of its General Fund, along with all its Special Revenue, Capital Projects, and Debt Service Funds. Since the City’s Internal Service Funds service these Funds, their activities are consolidated with Gove rnmental 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 using the full accrual basis of accounting, which me ans 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 refl ect 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 activit ies. Program revenues—that is, revenues which are generated directly by these programs—are then deduct ed 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.

Both these Statements include the financial activities of the City, the Hayward Public Financing Authority, the Hayward Business Improvement District, and the Hayward Housin g Authority, which are legally separate but are component units of the City because they are controlled by the City, which is financially accountable for activities.

These financial statements along with the fund financial statements and footnotes are called Basic Financial Statements.
19 This Page Left Intentionally Blank

CITY OF HAYWARD

STATEMENT OF NET POSITION
JUNE 30, 2024
Governmental Business-T ype
Activities Activities Total
ASSETS:

Cash, cash equivalents, and investments (Note 2) $199,289,270 $259,589,103 $458,878,373 Cash, cash equivalents, and investments with fiscal agents (Note 2) 1 1 Accounts receivable, net 14,571,024 19,757,784 34,328,808 Due from other governments 18,453,928 11,797 18,465,725 Interest receivable 233,697 319,290 552,987
Internal balances (Note 5) (2,686,079) 2,686,079
Loans receivable (Note 3) 48,034,725 48,034,725
Leases receivable (Note 4) 25,552,357 25,552,357
Long-term loans to the Private Purpose Trust Fund (Note 20) 5,939,979 5,939,979 Land held for resale (Note 1) 6,838,652 6,838,652
Deposits, parts, supplies and other 285,248 4,405,223 4,690,471 Investment in East Bay Dischargers Authority (Note 17) 9,118,584 9,118,584 Capital assets (Note 6):

Land 19,246,485 4,757,492 24,003,977
Construction in progress 89,417,947 38,103,803 127,521,750 Depreciable capital assets, net 354,154,240 137,498,386 491,652,626 Total assets 753,779,116 501,799,899 1,255,579,015

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 13) 110,313,297 6,482,360 116,795,657 Related to OPEB (Note 15) 15,628,403 3,099,462 18,727,865 Deferred loss on refunding (Note 7) 281,166 281,166
Total deferred outflows of resources 126,222,866 9,581,822 135,804,688 LIABILITIES:

Accounts payable 12,650,200 6,940,022 19,590,222
Accrued interest 303,775 318,507 622,282
Accrued liabilities 25,617,369 6,023 25,623,392
Unearned revenue 10,991,669 631,087 11,622,756
Refundable deposits 16,295,524 4,538,727 20,834,251
Accrued reclamation costs, due within one year (Note 11) 125,000 125,000 Compensated absences (Note 1):

Due within one year 8,374,230 1,197,217 9,571,447
Due in more than one year 2,976,614 363,964 3,340,578
Long-term debt (Note 7):

Due within one year 4,986,804 3,527,139 8,513,943
Due in more than one year 44,151,467 25,978,108 70,129,575 Subscription liabilities (Note 8):

Due within one year 62,646 62,646
Due in more than one year 246,665 246,665
Net pension liabilities, due in more than one year (Note 13) 500,783,375 29,761,119 530,544,494 Net OPEB liability, due in more than one year (Note 15) 56,018,902 11,109,800 67,128,702 Total liabilities 683,459,240 84,496,713 767,955,953
DEFERRED INFLOWS OF RESOURCES:

Related to leases (Note 4) 24,661,156 24,661,156
Related to pensions (Note 13) 6,158,814 6,158,814
Related to OPEB (Note 15) 12,001,270 2,380,121 14,381,391 Total deferred inflows of resources 18,160,084 27,041,277 45,201,361 NET POSITION (Note 10):

Net investments in capital assets 413,652,256 150,854,434 564,506,690 Restricted for:

Public safety 573,770 573,770
Debt service 11
Public works and transportation 39,240,529 39,240,529
Planning and building 41,830,902 41,830,902
Economic development 42,019,122 42,019,122
Total restricted net position 123,664,323 1 123,664,324 Unrestricted (358,933,921) 248,989,296 (109,944,625)
Total net position $178,382,658 $399,843,731 $578,226,389 See accompanying notes to basic financial statements
21 Program Revenues
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions GOVERNMENTAL ACTIVITIES:

General government $41,061,682 $2,570,867 $10,747,523
Public safety 157,239,897 2,804,653 4,094,953
Public works and transportation 55,670,037 5,085,507 11,946,790 $5,112,234 Library and community services 16,274,365 1,205,069 440,000 Economic development 1,683,222 1,281,165
Planning and building 14,081,790 5,331,185
Maintenance services 18,488,401 2,056,030
Interest on long-term debt (1,981,560)
Total Governmental Activities 302,517,834 20,334,476 27,229,266 5,112,234 BUSINESS-TYPE ACTIVITIES:

Sewer 32,650,697 32,892,790
Water 59,881,805 63,230,491
Airport 5,096,164 4,627,028
Stormwater 3,808,378 3,441,834
Recycling 202,324 503,267
Total Business-type Activities 101,639,368 104,695,410
Total $404,157,202 $125,029,886 $27,229,266 $5,112,234
GENERAL REVENUES:

Taxes:

Property taxes
Sales taxes
Utilit
y users tax
Real property transfer tax
Franchise tax
Business tax
Excise tax
Other taxes
Motor vehicle in-lieu, unrestricted
Investment earnin
gs
Gain on disposal of capital assets
Miscellaneous
TRANSFERS (Note 5)
Total General Revenues And Transfers

CHANGE IN NET POSITION

BEGINNING NET POSITION

ENDING NET POSITION
See accompanying notes to basic financial statements

CITY OF HAYWARD

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2024
22 Net (Expense) Revenue and
Changes in Net Position
Governmental Business-t ype
Activities Activities Total
($27,743,292) ($27,743,292)
(150,340,291) (150,340,291)
(33,525,506) (33,525,506)
(14,629,296) (14,629,296)
(402,057) (402,057)
(8,750,605) (8,750,605)
(16,432,371) (16,432,371)
1,981,560 1,981,560
(249,841,858) (249,841,858)

$242,093 242,093
3,348,686 3,348,686
(469,136) (469,136)
(366,544) (366,544)
300,943 300,943
3,056,042 3,056,042
(249,841,858) 3,056,042 (246,785,816)
73,658,984 73,658,984
75,344,108 75,344,108
24,453,592 24,453,592
12,540,552 12,540,552
13,161,911 13,161,911
5,743,381 5,743,381
2,253,091 2,253,091
11,705,277 11,705,277
202,532 202,532
6,498,376 8,555,103 15,053,479
26,948 26,948
5,952,245 5,952,245
3,621,036 (3,621,036)
235,162,033 4,934,067 240,096,100
(14,679,825) 7,990,109 (6,689,716)
193,062,483 391,853,622 584,916,105
$178,382,658 $399,843,731 $578,226,389

23 This Page Left Intentionally Blank

CITY OF HAYWARD, CALIFORNIA

FUND FINANCIAL STATEMENTS

The Fund financial statements include only individual major funds are presented, while non-major funds are combined in a single column. Major funds are defined generally as having significant activities or balances in the current year.

MAJOR GOVERNMENTAL FUNDS

The funds described below were determined to be major funds by the City in fiscal year 2024. Individual non-major funds are reported in the Supplemental Section.

General Fund is used for all the general revenues of the City not specifically levied or collected for other City funds and the related expenditures. The general fund accounts for all financial resources, which are not accounted for in another fund.

Federal Grants accounts for various federal grants received by the City, with each grant segregated within the fund to account for specific grant allocations and expenditures for specific purpose, activity, or program.

American Rescue Plan Act – Accounts for the American Rescue Plan Act (ARPA) federal stimulus package grants received by the City for internal and external needs of the City associated with the COVID-19 crisis.

Housing Authority – Under a cooperation agreement with the former Redevelopment Agency, the Housing Authority will use resources for purposes consistent with the California Health and Safety Code. The fund accounts for the activities financed by grants of the tax increment revenue from the former Redevelopment agency.

General Capital Projects Fund – Accounts for General Fund and sp ecial revenue fund acquisition and construction of general purpose public facilities, street surfacing and improvements.

Certificates of Participation Debt Service Fund – Accounts for transfers of revenue from the general and capital projects funds for payment of interest and principal on certificates of participation.

25 CITY OF HAYWARD

GOVERNMENTAL FUNDS

BALANCE SHEET
JUNE 30, 2024
America Rescue
General* Federal Grants Plan Act
ASSETS:

Cash, cash equivalents, and investments (Note 2) $36,142,395 $2,833,518 $10,043,980 Accounts receivable, net 13,037,987
Due from other governments 15,786,477
Interest receivable 17,817 1,683 4,141
Due from other funds (Note 5) 6,271,690
Loans receivable (Note 4) 8,600,000 13,122,151
Long-term loans to the Private Purpose Trust Fund (Note 20) 2,036,442 Land held for resale (Note 1)
Deposits, parts, supplies and other 3,126
Total Assets $81,895,934 $15,957,352 $10,048,121
LIABILITIES:

Accounts payable $2,695,910 $24,172 $233,474
Accrued liabilities 826,877
Due to other funds (Note 5)
Long-term interfund payables (Note 5) 2,777,361
Unearned revenue 9,814,647
Refundable deposits 15,812,670
Total Liabilities 22,112,818 24,172 10,048,121
DEFERRED INFLOWS OF RESOURCES:

Unavailable revenue
Total Deferred Inflows of Resources
FUND BALANCES (Note 10):

Nonspendable 10,639,568
Restricted:

Public safety
Public works and transportation
Planning and building 15,933,180
Economic development
Assigned 17,520,037
Unassigned 31,623,511
Total Fund Balances 59,783,116 15,933,180
Total Liabilities, Deferred Inflows of Resources
and Fund Balances $81,895,934 $15,957,352 $10,048,121
See accompanying notes to basic financial statements
* Includes balances related to the City's Measure C District Sales Tax.

Special Revenue Funds
26 Debt
Service
Fund
Certificates Othe r Total
Housing General of Governmental Governmental
Authority Capital Projects Partici pation Funds Funds
$5,147,088 $18,102,071 $71,561,835 $143,830,887
693,825 583,848 14,315,660
111,966 2,509,633 18,408,076
2,121 24,380 $489 160,616 211,247
6,271,690
12,838,535 13,474,039 48,034,725
3,876,516 5,912,958
707,539 6,131,113 6,838,652
3,126
$22,571,799 $18,932,242 $489 $94,421,084 $243,827,021
$2,548 $3,714,031 $3,196,299 $9,866,434
113 5,680 9,320 841,990
$182,154 5,998,254 6,180,408
2,777,361
454,004 680,674 10,949,325
134,583 338,134 16,285,387
2,661 4,308,298 182,154 10,222,681 46,900,905
118,797 118,797
118,797 118,797
10,639,568
573,770 573,770
39,240,529 39,240,529
25,897,722 41,830,902
22,569,138 19,449,984 42,019,122
14,623,944 32,143,981
(181,665) (1,082,399) 30,359,447
22,569,138 14,623,944 (181,665) 84,079,606 196,807,319
$22,571,799 $18,932,242 $489 $94,421,084 $243,827,021

Capital Projects Funds
27 Total Fund Balances reported on the governmental funds balance sheet $196,807,319 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.

Land 18,873,737
Construction in progress 88,023,932
Depreciable capital assets, net 332,296,771
Internal service funds are not governmental funds. However, they are used by management to charge the costs of certain activities, such as insurance and central services and maintenance to individual governmental funds. The net current assets of the Internal Service Funds are therefore included in Governmental Activities in the followin
g line items in the Statement of Net Position.

Cash and investments 55,458,383
Accounts receivable 255,364
Interest receivable 22,450
Due from other governments 45,852
Long-term loans to the Private Purpose Trust Fund 27,021 Deposits, parts, supplies and other 282,122
Land 372,748
Construction in progress 1,394,015
Depreciable capital assets, net 21,857,469
Accounts payable (2,783,766)
Accrued interest (4,273)
Accrued liabilities (24,775,379)
Unearned revenue (42,344)
Refundable deposits (10,137)
Compensated absences (781,172)
Net pension liabilities and pension-related deferred outflows and inflows of resources (7,852,703) Net OPEB liabilities and OPEB-related deferred outflows and inflows of resources (3,716,709) Long-term debt (144,423)
Subscription liabilities (309,311)
Revenues that are not currently available are shown as deferred on the Fund Balance Sheets are recognized as revenue on the Statement of Activities.

Unavailable revenue 118,797
The assets and liabilities below are not due and payable in the current period and therefore are not re
ported in the Fund financial statements:

Long-term debt (48,993,848)
Deferred outflow for deferred loss on refunding 281,166 Interest payable (299,502)
Compensated absences (10,569,672)
Net pension liabilities and pension-related deferred outflows and inflows of resources (388,776,189) Net OPEB liabilities and OPEB-related deferred outflows and inflows of resources (48,675,060) NET POSITION OF GOVERNMENTAL ACTIVITIES $178,382,658
See accompanying notes to basic financial statements

GOVERNMENTAL FUNDS

CITY OF HAYWARD
JUNE 30, 2024

ACCRUAL OF NON-CURRENT REVENUES AND EXPENSES

LONG-TERM ASSETS AND LIABILITIES

ALLOCATION OF INTERNAL SERVICE FUND NET POSITION

CAPITAL ASSETS - GOVERNMENTAL ACTIVITIES

FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES

BALANCE SHEET - RECONCILIATION OF GOVERNMENTAL
28 This Page Left Intentionally Blank

CITY OF HAYWARD

GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2024
America Rescue
General* Federal Grants Plan Act
REVENUES:

Property taxes $73,406,274
Sales taxes 75,344,108
Utility users tax 24,453,592
Other taxes 34,580,636
Licenses and permits 6,131,063
Fines and forfeitures 2,703,562
Special assessments
Investment income 1,653,396 $99,830 $371,754
Rental income 172
Intergovernmental 5,906,061 819,373 3,847,065
Fees and charges for services 5,005,339
Other revenue 3,832,602 133,805 23,203
Total Revenues 233,016,805 1,053,008 4,242,022
EXPENDITURES:

Current:

General government 19,785,424 2,078,993
Public safety 150,278,179 188,295
Public works and transportation 4,492,101 546,088
Library and community services 11,772,670 60,674
Economic development 479,233
Planning and building 9,886,897 172,766
Maintenance services 12,363,648 1,616,941
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures 208,578,919 900,968 4,242,022

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES 24,437,886 152,040
OTHER FINANCING SOURCES (USES):

Proceeds from issuance of long-term debt
Transfers in (Note 5) 7,443,234
Transfers (out) (Note 5) (31,028,315) (4,561)
Total Other Financing Sources (Uses) (23,585,081) (4,561) CHANGE IN FUND BALANCES 852,805 147,479
BEGINNING FUND BALANCES 58,930,311 15,785,701
ENDING FUND BALANCES (DEFICITS) $59,783,116 $15,933,180 See accompanying notes to basic financial statements
* Includes revenue and expenditures related to the City's Measure C District Sales Tax.

Special Revenue Funds
30 (Formerly nonmajor)
Debt
Service
Fund
Certificates Other Total
Housing General of Governmental Governmental
Authority Capital Projects Partici pation Funds Funds
$73,406,274
75,344,108
24,453,592
$1,809,022 $693,139 37,082,797
6,131,063
18,269 2,721,831
1,654,366 1,654,366
$179,703 774,978 $57,260 1,771,130 4,908,051
837,385 837,557
3,586,274 25,530,647 39,689,420
5,005,339
542 909,452 6,438,009 11,337,613
180,245 7,079,726 57,260 36,942,945 282,572,011
21,864,417
910,099 151,376,573
9,605,833 14,644,022
1,684,654 13,517,998
53,166 532,399
128,824 1,298,758 11,487,245
1,243,441 15,224,030
24,176,833 22,828,227 47,005,060
54,569,724 54,569,724
2,028,085 2,028,085
128,824 24,176,833 56,597,809 37,624,178 332,249,553
51,421 (17,097,107) (56,540,549) (681,233) (49,677,542) 41,117,569 41,117,569
13,312,440 7,981,362 865,226 29,602,262
(6,897) (1,953,145) (32,992,918)
(6,897) 13,312,440 49,098,931 (1,087,919) 37,726,913
44,524 (3,784,667) (7,441,618) (1,769,152) (11,950,629) 22,524,614 18,408,611 7,259,953 85,848,758 208,757,948
$22,569,138 $14,623,944 ($181,665) $84,079,606 $196,807,319 Capital Projects Funds
31 CITY OF HAYWARD

RECONCILIATION OF THE

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS

WITH THE

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2024
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 ($11,950,629) 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 47,005,060 Non-capitalized capital outlay expenditures and net retirements were reclassified to various governmental activities (37,891,968) Depreciation expense is deducted from fund balance
(Depreciation expense is net of internal service fund depreciation of $3,195,068 which has alread
y been allocated to service funds) (15,218,208)

LONG-TERM DEBT PROCEEDS AND PAYMENTS
Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position. Repayment of principal is an expenditure in governmental funds, but in the Statement of Net Position the re
payment reduces long-term liabilities.

Repayment of debt principal and amortization of bond premiums and deferred loss are added back to fund balance 58,614,104 Proceeds from issuance of debt are deducted from fund balance (41,117,569) Amortization of deferred loss on refunding is deducted from fund balance (93,721) Interest payable is added back to fund balance 66,784

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 31,149
Compensated absences (1,251,655)
Net pension liabilities and pension-related deferred outflows/inflows of resources (22,075,618) Net OPEB liabilities and OPEB-related deferred outflows/inflows of resources 9,992,169

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

Chan
ge in Net Position - All Internal Service Funds (789,723) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES ($14,679,825) See accompanying notes to basic financial statements
32 CITY OF HAYWARD, CALIFORNIA

MAJOR PROPRIETARY FUNDS

Proprietary funds account for City operations financed and operated in a manner similar to a private business enterprise. The intent of th e City is that the cost of providi ng goods and services be financed primarily through user charges.

The City has identified the funds be low as major proprietary funds in fiscal year 2024. These statements include balances for both operating and capital funds.

The disclosure of budget versus actual comparisons is not required for proprietary funds.

Sewer Fund – Accounts for activities associated with sewage transmission and treatment.

Water Fund – Accounts for activities associated with distribution and transmission of potable water to users.

Airport Fund – Accounts for the operation, development and maintenance of the Hayward Air Terminal.

33 CITY OF HAYWARD

PROPRIETARY FUNDS

STATEMENT OF NET POSITION
JUNE 30, 2024
Business-type Activities-Enterprise Funds Governmental
Activities-
Non-Major Internal Service
Sewer Water Airport Funds Totals Funds
ASSETS:

Current Assets:

Cash and investments (Note 2) $113,486,647 $131,064,068 $7,974,305 $7,064,083 $259,589,103 $55,458,383 Cash and investments with fiscal agents (Note 2) 1 1
Accounts receivable, net 5,834,448 11,975,723 206,490 1,741,123 19,757,784 255,364 Interest receivable 46,566 54,074 215,705 2,945 319,290 45,852 Due from other governments 754 11,043 11,797 22,450
Deposits, parts, supplies and other 1,808,479 2,596,744 4,405,223 282,122 Total Current Assets 121,176,895 145,690,609 8,396,500 8,819,194 284,083,198 56,064,171 Noncurrent Assets:

Leases receivable (Note 4) 25,552,357 25,552,357
Long-term interfund receivables (Note 5) 2,777,361 2,777,361 Long-term loans to the Private Purpose Trust Fund (Note 20) 27,021 Investment in East Bay Dischargers Authority (Note 17) 9,118,584 9,118,584 Capital assets (Note 6):

Land 1,830,143 2,683,047 244,302 4,757,492 372,748
Construction in progress 21,638,243 14,153,235 2,312,325 38,103,803 1,394,015 Depreciable capital assets, net 94,454,322 33,936,090 9,107,840 134 137,498,386 21,857,469 Total Noncurrent Assets 127,041,292 53,549,733 37,216,824 134 217,807,983 23,651,253 Total Assets 248,218,187 199,240,342 45,613,324 8,819,328 501,891,181 79,715,424

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 13) 3,003,493 2,178,073 527,232 773,562 6,482,360 2,186,715 Related to OPEB (Note 15) 1,273,495 1,279,113 249,081 297,773 3,099,462 1,108,689 Total Deferred Outflows of Resources 4,276,988 3,457,186 776,313 1,071,335 9,581,822 3,295,404 LIABILITIES:

Current Liabilities:

Accounts payable 2,429,991 4,416,315 76,649 17,067 6,940,022 2,783,766 Accrued interest 318,507 318,507 4,273
Accrued liabilities 3,430 1,346 95 1,152 6,023 24,775,379 Unearned revenue 229,568 430,717 (29,198) 631,087 42,344 Refundable deposits 4,409,191 129,536 4,538,727 10,137
Due to other funds (Note 5) 91,282 91,282
Compensated absences, due within one year (Note 1) 440,078 579,526 72,790 104,823 1,197,217 576,320 Accrued reclamation costs (Note 11) 125,000 125,000
Long-term debt, due within one year (Note 7) 3,527,139 3,527,139 144,423 Subscription liabilities, due within one year 62,646
Total Current Liabilities 7,073,713 9,837,095 249,872 214,324 17,375,004 28,399,288 Noncurrent Liabilities:

Compensated absences, due in more than one year (Note 1) 133,787 176,181 22,129 31,867 363,964 204,852 Net pension liabilities, due in more than one year (Note 13) 13,789,318 9,999,736 2,420,571 3,551,494 29,761,119 10,039,418 Net OPEB liability, due in more than one year (Note 15) 4,564,752 4,584,890 892,812 1,067,346 11,109,800 3,974,019 Long-term debt, due in more than one year (Note 7) 25,978,108 25,978,108 Subscription liabilities, due in more than one year 246,665 Total Noncurrent Liabilities 44,465,965 14,760,807 3,335,512 4,650,707 67,212,991 14,464,954 Total Liabilities 51,539,678 24,597,902 3,585,384 4,865,031 84,587,995 42,864,242 DEFERRED INFLOWS OF RESOURCES:

Related to leases (Note 4) 24,661,156 24,661,156
Related to OPEB (Note 15) 977,935 982,249 191,273 228,664 2,380,121 851,379 Total Deferred Inflows of Resources 977,935 982,249 24,852,429 228,664 27,041,277 851,379 NET POSITION (Note 10):

Net investments in capital assets 88,417,461 50,772,372 11,664,467 134 150,854,434 23,170,498 Restricted for debt service 1 1
Unrestricted 111,560,100 126,345,005 6,287,357 4,796,834 248,989,296 16,124,709 Total Net Position $199,977,562 $177,117,377 $17,951,824 $4,796,968 $399,843,731 $39,295,207 See accompanying notes to basic financial statements
34 CITY OF HAYWARD

PROPRIETARY FUNDS

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION FOR THE YEAR ENDED JUNE 30, 2024
Business-type Activities-Enterprise Funds Governmental
Activities-
Non-Major Internal Service
Sewer Water Airport Funds Totals Funds
OPERATING REVENUES:

Charges for services $32,808,207 $15,973,790 $4,050,240 $3,412,213 $56,244,450 $33,211,111 Sale of water 47,197,305 47,197,305
Miscellaneous 411,109 59,396 576,788 532,888 1,580,181 3,864,667 Total Operating Revenues 33,219,316 63,230,491 4,627,028 3,945,101 105,021,936 37,075,778 OPERATING EXPENSES:

Salaries and related expenses 11,765,643 9,005,492 2,114,933 3,064,164 25,950,232 10,076,054 Materials, supplies and services 12,590,233 10,551,201 1,790,815 921,580 25,853,829 16,576,375 Repairs and maintenance 1,635,423 1,879,201 265,080 24,838 3,804,542 4,539,537 Water purchases 36,105,538 36,105,538
Self-funded insurance expense 12,096,174
Depreciation (Note 6) 6,157,172 2,340,373 925,336 120 9,423,001 3,195,068 Total Operating Expenses 32,148,471 59,881,805 5,096,164 4,010,702 101,137,142 46,483,208 Operating Income (Loss) 1,070,845 3,348,686 (469,136) (65,601) 3,884,794 (9,407,430) NONOPERATING REVENUES (EXPENSES):

Investment income 3,558,250 4,145,473 633,746 217,634 8,555,103 1,586,865 Interest (expense) (502,226) (502,226) (7,798)
(Loss) on investment in JPA (326,526) (326,526)
Gain on sale of capital assets 26,948
Net Nonoperating Revenues (Expenses) 2,729,498 4,145,473 633,746 217,634 7,726,351 1,606,015 Income (Loss) Before Contributions and Transfers 3,800,343 7,494,159 164,610 152,033 11,611,145 (7,801,415)

TRANSFERS
Transfers in (Note 5) 1,247,005 792,076 684,825 2,723,906 12,946,755 Transfers (out) (Note 5) (2,210,236) (2,675,850) (359,980) (1,098,876) (6,344,942) (5,935,063) Net Transfers (963,231) (1,883,774) (359,980) (414,051) (3,621,036) 7,011,692 CHANGE IN NET POSITION 2,837,112 5,610,385 (195,370) (262,018) 7,990,109 (789,723) BEGINNING NET POSITION 197,140,450 171,506,992 18,147,194 5,058,986 391,853,622 40,084,930 ENDING NET POSITION $199,977,562 $177,117,377 $17,951,824 $4,796,968 $399,843,731 $39,295,207 See accompanying notes to basic financial statements
35 PROPRIETARY FUNDS

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2024
Business-type Activities-Enterprise Funds Governmental
Activities-
Non-Major Internal Service
Sewer Water Airport Funds Totals Funds
CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from customers $32,767,422 $61,899,797 $4,378,676 $3,932,435 $102,978,330 $37,175,463 Payments to suppliers (13,522,170) (49,351,486) (2,127,393) (1,036,315) (66,037,364) (32,348,839) Payments to employees (10,798,526) (8,822,271) (2,110,104) (2,257,648) (23,988,549) (10,804,640) Net Cash Flows From Operating Activities 8,446,726 3,726,040 141,179 638,472 12,952,417 (5,978,016)

CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES:

Interfund receipts (payments) 232,283 120,836 (141,001) 212,118 Transfers in 1,247,005 792,076 684,825 2,723,906 12,946,755 Transfers (out) (2,210,236) (2,675,850) (359,980) (1,098,876) (6,344,942) (5,935,063) Net Cash Flows From Noncapital and
Related Financing Activities (730,948) (1,762,938) (359,980) (555,052) (3,408,918) 7,011,692

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets (7,855,019) (208,440) (702,307) (8,765,766) (4,473,560) Proceeds from sale of capital assets 89,683
Principal payments on capital debt (3,514,990) (3,514,990) (293,988) Interest paid (504,706) (504,706) (9,454)
Net Cash Flows From Capital and
Related Financing Activities (11,874,715) (208,440) (702,307) (12,785,462) (4,687,319) CASH FLOWS FROM INVESTING ACTIVITIES:

Investment income 3,558,250 4,145,473 633,746 217,634 8,555,103 1,470,466 Net Cash Flows From Investing Activities 3,558,250 4,145,473 633,746 217,634 8,555,103 1,470,466 NET CASH FLOWS (600,687) 5,900,135 (287,362) 301,054 5,313,140 (2,183,177) CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 114,087,334 125,163,933 8,261,667 6,763,029 254,275,963 57,641,560 CASH AND EQUIVALENTS AT END OF PERIOD $113,486,647 $131,064,068 $7,974,305 $7,064,083 $259,589,103 $55,458,383

RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:

Operating income (loss) $1,070,845 $3,348,686 ($469,136) ($65,601) $3,884,794 ($9,407,430) Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation 6,157,172 2,340,373 925,336 120 9,423,001 3,195,068 Change in assets and liabilities:

Receivables, net (420,208) (1,566,057) 133,618 (12,223) (1,864,870) 187,483 Deposits, parts, supplies and other 331,506 (490,253) (158,747) (73,186) Due from other governments 14,877 (443) 14,434 (4,536)
Due to interest receivable (46,566) (54,074) (72,447) (173,087) Due to leases receivable (309,423) (309,423)
Accounts payable and other accrued expenses 371,980 (325,293) (71,498) (89,897) (114,708) 863,247 Due to retirement system 1,436,253 (39,489) 245,965 798,191 2,440,920 (152,956) Due to OPEB (507,496) 266,861 (208,983) (15,173) (464,791) (635,876) Compensated absences 38,360 (44,151) (32,153) 23,498 (14,446) 60,246 Refundable deposits 376,642 5,202 381,844
Unearned revenue 3 (87,205) (5,302) (92,504) (10,076)
Net Cash Flows From Operating Activities $8,446,726 $3,726,040 $141,179 $638,472 $12,952,417 ($5,978,016) NON-CASH TRANSACTIONS:

Retirement of capital assets ($34,501)
See accompanying notes to basic financial statements
36 CITY OF HAYWARD, CALIFORNIA

FIDUCIARY FUND FINANCIAL STATEMENTS

The Fiduciary funds account for resources received an d are held by the City in a fiduciary capacity.

Disbursements are made in accordanc e with the trust agreement, applic able legislative enactment, or custodial agreement for each fund.

Successor Agency to the Redevelopment Agency Private Purpose Trust Fund – This fund was established to account for the activities of the Successor Agency to the former Rede velopment Agency of the City of Hayward.

Custodial Funds account for assets held by the City as custodian for individuals, other governmental entities, and non-public organizations.
37 FIDUCIARY FUNDS

STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2024
Private Purpose Custodial
Trust Fund Funds
CURRENT ASSETS:

Cash and investments (Note 2) $836,336 $4,597,019
Cash and investments with fiscal agents (Note 2) 1,799 367,175 Accounts receivable, net 453,912 3,897
Interest receivable 43,955 1,691
Due from other governments 36,085
Deposits, parts, supplies and other 201,524
Total Current Assets 1,336,002 5,207,391
NONCURRENT ASSETS:

Loans receivable (Note 20) 24,509,337
Lease receivable (Note 20) 1,253,942
Land held for resale 3,483,031
Capital assets (Note 20):

Land 4,430,516
Depreciable capital assets, net 8,545,075
Total Noncurrent Assets 42,221,901
Total Assets 43,557,903 5,207,391
CURRENT LIABILITIES:

Accounts payable and accrued liabilities 27,527 78,240
Accrued interest 320,747
Deferred revenue 63,165 30,831
Refundable deposits 34,678
Long-term debt, due in less than one year (Note 20) 2,290,000 Total Current Liabilities 2,701,439 143,749
NONCURRENT LIABILITIES (Note 20):

Long-term loans payable, due in more than one year 5,939,979 8,600,000 Long-term debt, due in more than one year 19,823,101
Total Noncurrent Liabilities 25,763,080 8,600,000
Total Liabilities 28,464,519 8,743,749
DEFERRED INFLOWS OF RESOURCES:

Related to leases (Note 20) 1,235,380
Total Deferred Inflows of Resources 1,235,380

NET POSITION
Restricted for:

Organizations and other governments 13,858,004 (7,921,847) Bondholders 4,385,489
Total Net Position $13,858,004 ($3,536,358)
See accompanying notes to basic financial statements
38 Private-Purpose Custodial
Trust Fund Funds

ADDITIONS
Property tax $3,560,563 $1,118,584
Special assessment 180,161
Other revenue 262,368
Investment income 33,979 155,500
Total additions 3,594,542 1,716,613

DEDUCTIONS
Maintenance services 1,146,854 489,369
Contractual services 305,646
Payments to bondholders 391,238
Improvements other than buildings 9,153,541
Depreciation expense (Note 20) 314,131
Interest and fiscal charges 837,756 169,999
Total deductions 2,298,741 10,509,793
Net change in position 1,295,801 (8,793,180)
Net position - beginning 12,562,203 5,256,822
Net position - ending $13,858,004 ($3,536,358)

CITY OF HAYWARD

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2024
See accompanying notes to basic financial statements
39 This Page Left Intentionally Blank

CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES

Description of Reporting Entity – The City of Hayward, California (the “City”) was originally incorporated as the Town of Hayward in 1876. On March 7, 1956, the people of the City adopted a City Charter under which the City currently ope rates. The City maintains a Council-Manager form of government and is governed by an inde pendently elected seven-member City Council.

The City provides the following serv ices as authorized by its charter: public safety (police, fire, and building inspection), highways and streets, sani tation, water, airport, social services, public improvements, planning, library and zoning, and general administrative services.

Reporting Entity – The accompanying basic financial statem ents present the financial activity of the City, which is the primary government presen ted, along with the financial activities of its component units, which are entitie s for which the City is fina ncially accountable. The City Council sits in a different capacity as the gover ning boards of the foll owing entities. Although they are separate legal entities, blended component units are in substance part of the City’s operations and are reported as an integral part of the City’s financial st atements. Also, there is either a financial benefit or burden relationshi p between the City and th e component units below or the City has operational responsibility fo r them. The City’s com ponent units which are described below are all blended.

• Hayward Public Financing Authority (the “Authority”) – In May 1989, the City and the former Redevelopment Agency entered into a joint power s agreement under the Joint Exercise of Powers Law of the State of Calif ornia, thereby forming the Authority for the purpose of financing certain capital impr ovements within the City. These capital improvements are leased to the City for rental payments, which, together with restricted assets of the Authority, will be sufficient to meet the debt service obligations of the Authority. At the termination of the individual leases, title to the related improvements will pass to the City. Operating activities of the Authority are reflected in both the Governmental and Business-type funds of the City.

• The Hayward Business Improvement District (the “District”) was established in 1984 to collect certain charges imposed on busi nesses within the downtown business improvement district and to expend such moni es on activities, which enhance the district as a shopping and business center. Operating act ivities of the District are included as a special revenue fund of the City.

• The Hayward Housing Authority (“Housing Authority”) was originally established in 1946. The Housing Authority is only a conduit to issue housing mortgage revenue bonds for developers, whereby such developers are entirely responsible for meeting the related debt obligations and where the funds raised through such housing mortgage revenue bond issues are used to finance multifam ily rental housing developments. A certain percentage of housing units being financed must be for low and moderate income purposes. The Housing Authority is paid a fee by the bene fited developers for issuing the bonds and for monitoring the occupancy of these housing developments. This activit y
is recorded as a capital projects fund of the City.
41 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City participates in a joint venture, the Ea st Bay Dischargers Authority (“EBDA”), which is not included in the accompanying basic financial statements as it is administered by a board separate from and independent of the City. EBDA is also fiscally independent of the City (see Note 17).

Complete financial statements of the individual component units and the joint venture can be obtained from:

City of Hayward
Finance Department, 3rd Floor
777 B Street
Hayward, California 94541
Basis of Presentation – The City’s Basic Financial Statemen ts are prepared in conformity with accounting principles generally accepted in the United States of America. The Government Accounting Standards Board is the acknowledg ed standard setting body for establishing accounting and financial reporting standards followed by governmental entities in the U.S.A.

Government-wide 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. Eliminations have been made to mini mize the double counting of internal activities.

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. Busi ness-type activities are financed in whole or in part by fees charged to external parties.

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 f unction of the City’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifia ble to a particular function. Program revenues include (a) charges paid by the recipients of goods or services offered by the programs, (b) grants and contributions that are restricted to meeting the operational needs of a particular program and (c) fees, grants and contributions that are restricted to financing the acquisition or construction of capital assets. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues.

Fund Financial Statements:

The fund financial statements provi de information about the City's funds, including fiduciary funds and blended component units. Separate statements for each fund category— governmental, proprietary, and fiduciary —are presented. The emphasis of fund financial statements is on major individual govern mental and enterprise funds, each of which is displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as non-major funds.
42 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the
principal activity of the fund. Ex change transactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment earnings, result from nonexchange transactions or ancillary activities.

Major Funds – The Governmental Accounting Standards Board requires that the City’s major governmental and business-type funds be identified and presented separately in the fund financial statements. All other funds, called non-major fu nds, are combined, and reported in a single column, regardless of their fund-type.

Major funds are defined as funds that have either assets, liabilities, revenues, or expenditures/expenses equal to ten percent of thei r fund-type total and five percent of the gran d total. The General Fund is always a major fund. The City may also select other funds it believes should be presented as major funds.

The City reported the following major govern mental funds in the accompanying financial statements:

General Fund is used for all the general revenues of th e City not specifically levied or collected for other City funds and the related expenditur es. The general fund accounts for all financial resources, which are not accounted for in another fund.

Federal Grants Fund – Accounts for various federal grants received by the City, with each grant segregated within the fund to account for specifi c grant allocations and expenditures for specific purpose, activity, or program.

American Rescue Plan Act – Accounts for the American Rescue Plan Act (ARPA) federal stimulus package grants received by the City for internal and external needs of the City associated with the COVID-19 crisis.

Housing Authority Fund – Under a cooperation agreement w ith the former Redevelopment Agency, the Housing Authority will use resource s for purposes consistent with the California Health and Safety Code. The fund accounts for the activities financed by grants of the tax increment revenue from the former Redevelopment agency.

General Capital Projects Fund – Accounts for general fund or special revenue fund transfers expended for acquisition and construction of general purpose public facilities, street surfacing and improvements.

Certificates of Participation Debt Service Fund – Accounts for transfers of revenue from the general and capital projects funds for payment of interest and principal on certificates of participation.

The City reported the following proprietary-enterprise funds as major funds in the accompanying financial statements:

Sewer Fund – Accounts for activities associated with sewage transmission and treatment.

Water Fund – Accounts for activities associated with di stribution and transmission of potable water to users.
43 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Airport Fund
– Accounts for the operation, developmen t and maintenance of the Hayward Ai r Terminal.

The City also reports the following fund types:

Internal Service funds
These funds account for workers’ compensation reim bursable costs, risk management expenses, self-insurance costs, other post-employment bene fits; operation, maintenance and replacement of City-owned buildings, vehicles and mobile radio units and City information technology; all of which are provided to other departments on a cost-reimbursement basis.

Fiduciary funds
These funds account for assets held
by the City in trust or as an agent for various assessment and community facilities districts, other governme ntal entities, and non-profits. The financial activities of these funds are excluded from the Government-wide financial statements, but are presented in separate Fiduciary Fund financial st atements. The Successor Agency to the Former Redevelopment Agency of the City of Hayward Private Purpose Trust Fund is used to account for the activities of the Redevelopment Agency of th e City of Hayward Successor Agency. Custodial Funds report resources, not in a trust, that are he ld by the City for other parties outside of th e City’s reporting entity. The financial activities of these funds are excl uded from the City-wide financial statements, but are presented in separate Fiduciary Fund financial statements.

Basis of Accounting – The government-wide, proprietary, and fiduciary fund financial stateme nts
are reported using the economic resources measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are
incurred, regardless of when the related cash flows take place.

Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this me thod, revenues are recognized when measurable and available. The City considers all revenues repo rted in the governmental funds to be available if the revenues are collected with in forty-five days after fiscal year-end.

Expenditures are recorded when the related fund liability is in curred, except for principal and interest on general long-term debt and leases, claims and judgments, and compensated absences, which are recognized as expenditures to the exte nt they have matured. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under leases are reported as other financing sources.

Non-exchange transactions, in which the City gi ves or receives value with out directly receiving or giving equal value in exchange, include prop erty taxes, grants, entitlements, and donations.

On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the
taxes are levied. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Other revenues susceptible to accrual include other taxes, intergovernmental revenues, interest, and charges for services. 44 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the
principal activity of the fund. Ex change transactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment earnings, result from non
exchange transactions or ancillary activities.

Operating expenses are those expenses that are e ssential to the primary operations of the fund.

All other expenses are reported as non-operating expenses.

Under the terms of grant agreemen ts, 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 made 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.

Certain indirect costs are included in program expenses reported for individual functions an d activities.

As a general rule the effect of interfund activ ity has been eliminated from the government-wide financial statements. Exceptions to this gene ral rule are charges between the government’s business-type activities and various other function s of the government. Elimination of these charges would distort the direct costs and program revenues re ported for the various functions concerned.

Deferred Outflows/Inflows of Resources – In addition to assets, the statement of net position or balance sheet reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of net pos ition or balance sheet re ports a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources
, represents an acquisition of net assets th at applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Budgets and Budgetary Accounting – The City adopts an annual operating budget on or before June 30 for the ensuing fiscal year for all Fund s, except for the Donation Special Revenue Fund and the Performance Deposits Capital Projects Fu nd. From the effective date of the budget, the amounts stated therein as proposed expend itures become appropriations to the various governmental fund types. The level of budgetary control within all governmental fund types is at the fund level. The City Council may amend the budget by resolution during the fiscal year. The City Manager may transfer appropriations from one program, activity, or object to another within the same fund without the approval of the City Coun cil. All appropriations lapse at the end of the fiscal year to the extent they have not been expended or encumbered. All governmental fund type annual operating budgets are presented on a basis consistent with gene rally accepted accounting principles (“GAAP”) except as follows:
45 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
• The City has several unrestricted subfunds it accoun ts for separately in its general ledger that are combined and included in General Fund amounts reported in the accompanying financial statements. However, for budgetary presentati on purposes, the City only reports its main operating fund. Other subfunds not included in the budgetary presentation are reported as perspective differences.
• The sole Special Revenue fund the City does no t budget for is the Do nation Special Revenue Fund. The City is unable to forecast the amou nt of donations received in a given year, and the amount of donations it will spend in the fiscal year.

For the fiscal year ended June 30, 2024, expend itures exceeded the budgeted appropriations as follows:

Expenditures
Exceeded
Budget
General Fund $853,937
Certificates of Participation Debt Service Fund 48,611,247 The reasons for the excess expenditures in the General Fund in fiscal year 2024 are due to the fact that overtime in the fire depart ment exceeded budgeted expectations as well as expenses related to an unexpected cyber incident. For the Certif icates of Participation Debt Service Fund, the excess expenditures were related to refunding of Certificates of Participation during fiscal year 2024.

Parts and Supplies of the governmental funds consis
t of expendable supplies held for
consumption and are valued at cost (first-in, first- out). The cost is record ed as expenditure in the governmental funds at the time individual items are consumed. Reported supplies are offset by nonspendable or restricted fund balances indi cating that they do not constitute “available spendable resources” even though they are a co mponent of net current assets. Supplies of enterprise funds are valued at the lower of cost (first-in, first-out) or market. Supplies of the enterprise funds consist principally of material s and supplies for utility operations and are expensed or capitalized as such supplies are consumed.

Land held for Resale of $6,838,652 at June 30, 2024 was stated at the lowest of historical cost, net realizable value, or agreed-upon sales price if a disposition agreement has been made with a developer performing projects in accordance with the Redevelopment Plan of the former Redevelopment Agency of the City of Hayward.

Property taxes – Alameda County assesses properties and bills for and collects property taxes as follows:

Secured Unsecured
Valuation dates March 1 March 1
Lien/levy dates January 1 January 1
Due dates 50% on November 1 July 1
50% on February 1
Delinquent as of December 10 (for November) August 31
April 10 (for February)
46 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
The term “unsecured” refers to taxes on personal property other than la nd and buildings. These taxes are secured by liens on the property being taxed.

Property taxes levied are recorded as revenue an d receivables, net of estimated uncollectibles, i n
the fiscal year of levy.

Compensated Absences – The long-term portion of the liability for vested vacation, time off in lieu of overtime and sick pay for governmental fund type operations is recorded as compensated absences in the government-wide financial statem ents. The portion expect ed to be permanently liquidated (matured due to termination) is recorded in the governmental funds. Vested vacation and sick pay of proprietary fund
type operations is recorded in the respective proprietary fund type. Compensated absences attrib utable to governmental funds ar e typically liquidated by the General Fund. Compensated Absences are presented below as of June 30, 2024:

Governmental Business-type
Activities Activities Total
Beginning Balance $10,038,944 $1,575,627 $11,614,571
Additions 8,718,258 1,193,849 9,912,107
Payments (7,406,358) (1,208,295) (8,614,653)
Ending Balance $11,350,844 $1,561,181 $12,912,025
Current Portion $8,374,230 $1,197,217 $9,571,447
Special Assessment Debt – The City is considered to be “oblig ated in some manner,” as defined by Governmental Accounting Standards Board Statement No. 6, Accounting and Financial Reporting for Special Assessments, for certain special assessment district debt. The City is obligated for the special assessment debt if the City is required to purchase properties on which
owners have failed to pay installments of assess ments as they fall due or is obligated to honor deficiencies to the extent that lien foreclos ures proceeds are insufficient. Those special assessment debt would be included in the government-wide financial statements (see Note 7), and special assessment transactions would be includ ed in the debt service funds to reflect the individual special assessment funds’ activities. There are other special assessment districts for which the City has no commitment to repay the debt (see Note 9) . Activities for these districts are reported in Custodial Funds.

Debt Defeasance and Refundings – In an advance refunding, ne w debt (termed refunding debt) is issued to provide the cash needed to refund old debt (termed refunded debt). Proceeds from the refunding debt are used to purchase U.S. go vernment securities which are placed in an irrevocable trust with an escrow agent to provide fo r all future debt service on the refunded debt.

As a result, the refunded debt is considered de feased and is removed from the City’s financial statements. The City is amortizing the loss on debt defeasance over the life of refunding debt. 47 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Fair Value Measurements – Fair value is defined as the pri ce that would be received to sell an
asset or paid to transfer a liability in an orderl y transaction between market participants at the measurement date.

The City categorizes its fa ir value measurements within the fair value hierarchy established by generally accepted acco unting principles. The fair value hierarchy categorizes the inputs to valuatio
n techniques used to measure fair value into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

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

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

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

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

Estimates and Assumptions – The preparation of financial st atements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of as sets and liabilities and disclosure of contingent assets and liabilities at the date of the financia l statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Policies – The City invests in individual investments and investment pools. Individual investments are evidenced by specific identifiable pieces of paper called securities instruments, or by an electronic entry registering the owner in th e records of the institut ion issuing the security, called the book entry system. In order to maximize s ecurity, the City employs the Trust Department of a bank as the custodian of all City managed investments, regardless of their form.

Leases – A lease is defined as a contract that conveys control of the right to use another entity’s nonfinancial asset (the underlying asset) as specif ied in the contract for a period of time in an exchange or exchange-like transaction. Examples of nonfinancial assets include buildings, land, vehicles, and equipment.

Lessor – The City is a lessor for a noncancellab le leases of land. The City recognizes a lease receivable and a deferred inflow of resources in the government ‐wide and governmental fund financial statements for the leases, with the exception of short-term and regulated leases.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be rece ived during the lease term. Subse quently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commenc ement date. Subsequently, the de ferred inflow of resources is recognized as revenue over the life of the lease term.
48 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receip ts to present value, (2) lease term, and (3) lease receipts as follows:
• The City uses its estimated incremental borrowing rate as the discount rate for leases. • The lease term includes the noncancellable period of the lease. • Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease, and

will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

Subscription-Based Information Technology Arrangements (SBITAs) - A Subscription-Based Information Technology Arrangement (SBITA) is a contract that conveys control of the right to use another party’s (a SBITA vendor’s) IT software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the c ontract for a period of time in an exchange or exchange-like transaction.

At the commencement of a SBITA, the City initially measures the subscription liability at the present value of payments expected to be ma de during the contract term. Subsequently, the subscription liability is reduced by the principal portion of payments made. The subscription asset is initially measured as the initial amount of the subscription liability, adjusted for payments made at or before the SBITA commencement date, plus cer tain initial direct costs. Subsequently, the subscription asset is amortized on a straight‐line basis over shorter of th e subscription term or the useful life of the underlying IT assets.

Key estimates and judgments related to SBITAs include how the City determines (1) the discount rate it uses to discount the expected subscription payments to present value, (2) subscription term, and (3) subscription payments as follows:
• The City uses the interest rate charged by the IT vendor as the discount rate. When the interest rate charged by the IT vendor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for subscription liabilities. • The subscription term includes the noncancellable period of the subscription. • Subscription payments included in the meas urement of the subscription liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.

The City monitors changes in circumstances that would require a remeasurement of its subscription and will remeasure the subscription asset and liability if certain changes occur that are expected to significantly affect the amount of the subscription liability.

Subscription assets are reported with other capita l assets and subscription liabilities are reported with long-term debt on the statement of net position.

49 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

1. SIGNIFICANT ACCOUNTING POLICIES (Continued)
New Governmental Accounting Standards Board Statement Pronouncement – In June 2022, GASB issued Statement No. 100 , Accounting for Changes and Error Corrections .

This Statement defines accounting changes as changes in accounting principles, changes i n
accounting estimates, and changes to or within th e financial reporting entity and describes th e transactions or other events that constitute thos e changes. As part of those descriptions, for (1) certain changes in accounting principles and (2 ) certain changes in accounting estimates that result from a change in measurement methodolog y, a new principle or methodology should be justified on the basis that it is preferable to th e principle or methodology used before the change.

This Statement also addresses corrections of errors in previously issued financial statements. The provisions of this Statement were implemented during fiscal year 2024. The implementation of this Statement did not have a material impact on the financial stat ements, but required a disclosure item in the financial statements for a change in major fund reporting during the year.

New Fund
During fiscal year 2024, the City opened The Hayward Eco nomic Development Corporation Fund, a new Custodial Fund. The City Counc il authorized the formation of the Hayward Economic Development Corporation as a nonpro fit public benefit corporation on October 10, 2023. The formation of the Corporation as a nonp rofit public benefit corporation organized under Section 509(a)(3)(A) as a supporting organizati on organized exclusively to benefit and support the City of Hayward in implementing the econo mic development activities throughout the city, along with other related objectives.

2. CASH, CASH EQUIVALENTS AND INVESTMENTS
The City’s dependence on property tax receipts, which are received semi-annually, requires it to maintain significant cash reserves to finance op erations during the remainder of the year. The City pools cash from all sources and all funds ex cept cash with fiscal agent so that it can be invested at the maximum yield, consistent with th e principles of safety and liquidity. Individual funds can make expenditures at any time.

The City’s investments are carried at fair valu e, as required by generally accepted accounting principles. The City adjusts the carrying value of it s investments to reflect their fair value at each fiscal year end, and it includes the effects of thes e adjustments in income for that fiscal year. In the City’s case, fair value equals market value since all of the City’s investments are readily marketable.

California Law requires banks and savings and loan institutions to pledge government securities with a market value of 110% of the City’s cash on deposit or first trust deed mortgage notes with a value of 150% of the City’s cash on deposit as collateral for these deposits. Under California Law, this collateral is held in an investment po
ol by an independent financial institution in the
City’s name and places the City ahead of ge neral creditors of the institution pledging the collateral. As of June 30, 2024, the City he ld no uncollateralized deposits under escrow agreements with construction contractors. Such deposits are permitted to be uncollateralized under the government code.
50 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
The City maintains a cash management pool that is available for use by all funds. Each fund type’s portion of the pool is shown on the combined balance sheet as “Cash, cash equivalents, a nd
investments” or “Due to other funds” (for cash overdrafts), as appropriate.

Classification – As of June 30, 2024, ca sh and investments were classified in the financial statements as shown below, based on whether or not their use is restricted under the terms of City debt instruments or Fiduciary agreements.

Statement of Net Position
Cash, cash equivalents, and investments $458,878,373
Cash, cash equivalents, and investments with fiscal agents 1 Private Purpose Trust Fund
Cash and investments 836,336
Cash and investments with fiscal agents 1,799
Custodial Funds
Cash and investments 4,597,019
Cash and investments with fiscal agents 367,175
Total Cash and Investments $464,680,703
Cash and investments as of June 30, 2024 consisted of the following:

Cash in bank $90,615,758
Cash on hand (Petty Cash) 3,175
Investments 374,061,770
Total Cash and Investments $464,680,703
Cash and investments are used in preparing Prop rietary Fund statements of cash flows because these assets are highly liquid and are expended to liquidate liabilities arising during the year. 51 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
Investments Authorized by the California Government Code and the City’s Investment Policy – The City’s Investment Policy and the California Government Code allow the City to invest in the following, provided the credit ratings of the is suers are acceptable to the City; and approved percentages and maturities are not exceeded. The ta ble below also identifies certain provisions of the California Government Code or the City’s Investment Policy where it is more restrictive:

Authorized Investment Type
Maximum
Maturity
Minimum
Credit Quality
*
Maximum
Percentage
of Portfolio
Maximum
Investment in
One Issuer
U.S. Treasury Notes/Bills 5 years None 100% 100%
U.S. Agency Securities (fully backed) 5 years None 100% 40% U.S. Agency Securities (mortgage-backed) 5 years None 20% 20% Banker's Acceptance 180 days A-1 40% 5%
Commercial Paper 270 days A-1 40% 5%
Negotiable Certificates of Deposit 5 years A 30% 5%
Repurchase Agreements 1 year None 20% 20%
Medium-Term Notes 5 years A 30% 5%
Money Market Funds N/A AAAm 20% 10%
Alameda County Investment Pool None None 10% 10%
JPA None AAAm 100% N/A
California Local Agency Investment Fund None None $75M per account N/A Collateralized Certificates of Deposit 5 years None 25% 20% Municipal Bonds 5 years A 20% 5%
Supranationals 5 ye
ars AA 30% 30%
Asset-Backed Securities 5 years AA 20% 5%
* Minim
um credit quality at time of purchase.
52 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
Investments Authorized by Debt Agreements – The City must maintain required amounts of cash and investments with trustees or fiscal agents un der the terms of certain debt issues. These funds are unexpended bond proceeds or ar e pledged reserves to be used if the City fails to meet its obligations under these debt issu es. The California Government Co de requires these funds to be invested in accordance with City resolutions, bond indentures or State statutes. The table bel ow
identifies the investment types that are authoriz
ed for investments held by fiscal agents. The
bond indentures contain no limitations for the maximum investment in any one issuer or the maximum percentage of the portfolio that may be invested in any one investment type. The table also identifies certain provisions of these debt agreements:

Authorized Investment Type Maximum Maturity Quality
U.S. Treasury Notes/Bills No Limit No Limit
U.S. Agency Securities (fully backed) No Limit No Limit U.S. Agency Securities (mortgage-backed) No Limit None to AAA Money Market Mutual Funds No Limit AAm to AAAm-G
Collateralized Certificates of Deposits None to 1 year None to A-1+ FDIC Insured Deposits No Limit No Limit
Investment Agreements No Limit None to two
Highest Categories
Commercial Paper None to 270 days A-1 to A-1+
State General Obligations No Limit A/A2 to Two
Highest Categories
Municipal Obligations No Limit AAA to Two
Highest Categories
Federal Funds or Bankers Acceptances 180 days to 1 year A-1 to A-1+ Repurchase Agreements None to 30 days None to A
Pre-funded Municipal Bonds No Limit AAA
California Local Agency Investment Fund No Limit No Limit Fair Value Hierarchy – The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounti ng principles. The hier archy is based on the valuation inputs used to measure fair value of th
e assets. Level 1 inputs are quoted prices in an
active market for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
53 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
The following is a summary of the fair value hierarchy of the fair value of investments of the City as of June 30, 2024:

Level 1 Level 2 Total
Investments by Fair Value:

U.S. Treasury Notes $187,359,550 $187,359,550
U.S. Agency Securities $20,641,127 20,641,127
Medium-Term Notes 38,276,155 38,276,155
Municipal Bonds 7,928,644 7,928,644
Supranationals 1,255,676 1,255,676
Certificates of Deposit 900,214 900,214
Asset-Backed Securities 6,814,454 6,814,454
Total Investments at Fair Value $187,359,550 $75,816,270 263,175,820 Investments Measured at Amortized Cost:

Money Market Mutual Funds 368,973
California Asset Management Program (CAMP) 2,250,575
California Local Agency Investment Fund 108,266,402
Total Investments $374,061,770
Investment Type
U.S. Treasury Notes classified in Level 1 of the fair value hierarchy are valued using quoted prices in active markets. U.S. Agency Secu rities, Medium-Term Notes, Municipal Bond s,
Supranationals, Certificates of Deposit and Asset-B acked Securities, classified in Level 2 of the fair value hierarchy, are valued using pricing tech niques of matrix pricing or market corroborated pricing, with inputs such as yield curves or indices. These prices are obtained from various pricing sources by our custodian bank. Fair value is defined as the quoted market value on the last trading day of the period.

Interest Rate Risk – Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investme nt. Normally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City generally manages its interest rate risk by holding investments to maturity. 54 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustees) to market interest rate fluc tuations is provided by the following table that shows the distribution of the City’s investments by maturity or earliest call date:

Investment Type 12 Months or less
13 Months to 24
Months
25 Months to 60
Months Total
U.S. Treasury Notes $60,648,857 $48,031,226 $78,6 79,467 $187,359,550 U.S. Agency Securities 2,937,825 17,703,302 20,641,127
Money Market Mutual Funds 368,973 368,973
California Local Agency Investment Fund 108,266,402 108,266,402 California Asset Management Program (CAMP) 2,250,575 2,250,575 Medium-Term Notes 2,138,027 4,648,907 31,489,221 38,276,155 Municipal Bonds 3,192,802 4,735,842 7,928,644
Supranationals 1,255,676 1,255,676
Certificates of Deposit 900,214 900,214
Asset-Backed Securities 455,850 6,358,604 6,814,454
Total Investments $174,928,510 $60,166,824 $138,966,436 374,061,770 Cash in Banks 90,615,758
Cash on Hand (Petty Cash) 3,175
Total Cash 90,618,933
Total Cash and Investments $464,680,703
The City is a participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under th e oversight of the Treasurer of the State of

California. The City reports its investment in LA IF at the fair value amount provided by LAIF, which is the same as the value of the pool shar e. The balance is available for withdrawal on demand, and is based on the accounting records ma intained by LAIF, which are recorded on an amortized cost basis. Included in LAIF’s investment portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset-backed securities, loans to certain state funds, and floating rate securities issued by federal ag encies, government-sponsored enterprises, United States Treasury Notes and Bills, and corporations . At June 30, 2024, these investments had an average maturity of 217 days.

The City is a participant in the California Asset Management Program (CAMP). CAMP is an investment pool offered by the California Asset Management Trust (the Trust). The Trust is a joint powers authority and public agency created by th e Declaration of Trust and established under the provisions of the California Joint Exercise of Po wers Act (California Government Code Sections 6500 et seq., or the "Act") for the purpose of exercising the common power of CAMP participants to invest certain proceeds of debt issues and surplus funds. The City, as a CAMP shareholder, may withdraw all or any portion of the funds in e ach CAMP account at any time by redeeming shares.

CAMP investments are limited to investments permit ted by subdivisions (a) to (n), inclusive, of Section 53601 of the California Government Code. The City reports its investments in CAMP at the fair value amounts provided by CAMP, which is the same as the value of the pool share in accordance with GASB 79 requirements. At June 30, 2024, fair value was approximate to the City's cost. At June 30, 2024, these investments had an average maturity of 38 days.

Money market funds are available for withdraw al on demand and at June 30, 2024, had an average maturity of 39 days.
55 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

2. CASH, CASH EQUIVALENTS AND INVESTMENTS (Continued)
Credit Risk – Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating or ganization. Presented below is th e minimum rating required by (where applicable) the California Government Co de, the City’s investme nt policy, or debt agreements, and the actual rating as of June 30 , 2024 for each investment type as provided by Moody’s investment rating system (as of date of purchase):

Investment Type AAAm/AAA AA1 - AA3 A1 - A3 Baa1 Not Rated Total U.S. Treasury Notes $187,359,550 $187,359,550
U.S. Agency Securities 20,641,127 20,641,127
Money Market Mutual Funds 368,973 368,973
California Local Agency Investment Fund $108,266,402 108,266,402 California Asset Management Program (CAMP) 2,250,575 2,250,575 Medium-Term Notes 429,941 $6,012,100 $30,753,733 $1,080,381 38,276,155 Municipal Bonds 7,928,644 7,928,644
Supranationals 1,255,676 1,255,676
Certificates of Deposit 900,214 900,214
Asset-Backed Securities 5,190,870 1,623,584 6,814,454
Total Investments $217,496,712 $14,840,958 $3 0,753,733 $1,080,381 $109,889,986 $374,061,770 Custodial Credit Risk – Investments – For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Significant investments in the securities of any individual issuers, other than
U. S. Treasury securities or mutual funds would
be subjected to this risk. As of June 30, 2024, no investments were subject ed to custodial credit risk on the entity-wide level.

3. LOANS RECEIVABLES
In order to carry out low-and-moderate housing programs, the Housing Authority Capital Project Fund loaned to homebuyers and third-party contractors for the purposes of promoting home ownership in the City and developing low and moderate income housing.

The City also pools certain funds received fro m the U.S. Department of Housing and Urban Development and the State of California Depart ment of Housing and Community Development, and administrative fees received from owners of multifamily projects funded by mortgage revenues bonds sponsored by the City. These moni es are loaned to businesses, nonprofit and for for-profit housing developers and to qualified first-time homebuyers for the above purposes.

4. LEASES RECEIVABLE
Lessor – The City from to time to time engages in lease arrangements allowing the right for others to use various owned land and buildings for the public benefit. The borrowing rate for the leases are implicit in the lease agreements and therefore, the City has applied the incremental borrowing rate of the City for all leases of 3% . Leases where the City acts as the lessor are recorded as a lease receivable offset with a deferred inflow of resources.
56 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

4. LEASES RECEIVABLE (Continued)
As of June 30, 2024, these leases receivable and related deferred inflows of resources consisted of the following:

Lessor
Original
Lease
Date
Expiration
Date Including
Options
Annual
Revenue as of
June 30, 2024
Lease Receivable
Balance at
June 30, 2024
Deferred Inflow of
Resources at
June 30, 2024
Proprietary Funds - Airport Fund
Home Depot USA, Inc. 12/12/2000 12/31/2045 $645,342 $8,614,180 $8,298,607 Mahabal Hospitality, LLC 12/1/2017 11/30/2067 268,687 5,129,994 5,031,266 Ramesta Hospitality, LLC 12/1/2017 11/30/2067 268,687 5,129,994 5,031,266 Velo Two, LLC 11/1/2018 10/31/2068 156,680 3,065,420 2,911,907 BDC Sueirro LP 3/1/2006 2/29/2056 165,252 2,742,849 2,636,701 Hayward Airport Plaza, LLC 11/1/2019 10/31/2029 61,798 358,288 270,491 Pa
cific Roller Die Company, Inc. 12/1/2020 11/30/2025 83,781 116,699 111,986 GTE Mobilnet 10/1/2006
9/30/2031 31,292 196,448 182,616
Watt Indus
tries, Inc. 7/2/1984 10/10/2038 19,520 153,496 144,509
Pa
ul Mazza 1/1/2005 12/31/2054 10,151 44,989 41,807
$1,711,190 $25,552,357 $24,661,156
Regulated Leases
– In accordance with GASB Statement No . 87, the City does not recognize a lease receivable and a deferred inflow of resources for regulated leases. Regulated leases are certain leases that are subject to external laws, regulati ons, or legal rulings, e.g., the U.S. Department of Transportation and the Federal Aviation Administration regulated aviation leases between airports, air carriers and other aeronautical users. Regulated leases include airline leases, as well as contracts with Fixed Based Operators (FBOs), and Specialized Aviation Service Operators (SASO). 57 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

4. LEASES RECEIVABLE (Continued)
By definition, the following lease agreements are c onsidered to be regulated leases and therefore, the City does not recognize a receivable and co rresponding deferred inflow of resources for the following leases. As of June 30, 2024, the annual lease revenue and terms of the leases were as follows:

Lessor
Original
Lease Date
Expiration Date
Including
Options
Annual
Revenue as of
June 30, 2024
Proprietary Funds - Airport Fund
Meridian Aviation, Inc. 1/1/2014 12/31/2063 $148,471
Watt Industries, Inc. 10/11/1988 12/1/2045 116,706
Pape Properties, Inc 7/1/1998 12/31/2048 134,743
Avcon, Inc. 3/1/2012 2/28/2027 73,132
Career Aviation Sales, Inc. 7/1/2005 12/31/2053 93,254
Ascend Development HWD - II, LLC 2/2/2004 12/31/2054 56,008 California Military Department 7/1/2014 6/30/2025 48,927 Briggs Resources, Inc. 5/1/2018 4/30/2070 42,063
EPIC Aviation, LLC 2/2/2004 12/31/2054 89,509
Ascend Development, HWD, LLC 8/1/2001 12/31/2051 29,116 Aviation Training, Inc. 9/1/2017 8/31/2047 22,008
Hayward FBO LLC, dba APP Jet Center 3/1/2017 2/28/2047 14,844 William Field 12/14/1999 12/31/2048 30,881
Ascend Development HWD - II, LLC 2/2/2004 12/31/2054 25,801 Hayward Hangars, LLC 12/13/2022 12/31/2063 52,651
$978,114
The future expected minimum rentals to be rece ived from the existing regulated leases are as follows at June 30, 2024:

Minimum
Year Ending Lease
June 30: Revenue
2025 $978,114
2026 978,114
2027 929,187
2028 904,809
2029 856,055
2030 - 2034 4,280,273
2035 - 2039 4,280,273
2040 - 2044 4,244,272
2045 - 2049 3,861,907
2050 - 2054 2,670,147
2055 - 2059 1,616,681
2060 - 2064 972,739
2065 - 2069 416,609
2070 28,042
Total
$27,017,222
58 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

5. INTERFUND TRANSACTIONS
Transfers Between Funds – With Council approval, resources may be transferred from one City fund to another. Transfers between funds during the fiscal year ended June 30, 2024 were as follows:

FROM FUND: TO FUND: AMOUNT:

General Fund General Capital Projects Fund $12,400,000 A Certificates of Participation Debt Service Fund 7,981,362 B Non-Major Governmental Funds 500,000 A
Internal Service Funds 10,146,953 A, B, C
Federal Grants Special Revenue Fund Internal Service Funds 4,561 B, C
Housing Authority Capital Projects Fund General Fund 4,204 D
Internal Service Funds 2,693
B, C
Non-Major Governmental Funds General Fund 581,914 B, D General Capital Projects Fund 901,440 A
Non-Major Governmental Funds 350,226 A
Internal Service Funds 119,565 B, C
Sewer Enterprise Fund General Fund 823,783 D Water Enterprise Fund 410,000 A
Internal Service Funds 976,453 B, C
Water Enterprise Fund General Fund 1,229,099 D Non-Major Enterprise Funds 600,000 D
Internal Service Funds 846,751 B, C
Airport Enterprise Fund General Fund 185,168 D Internal Service Funds 174,812 B, C
Non-Major Enterprise Funds General Fund 125,049 D Non-Major Governmental Funds 15,000
A
Sewer Enterprise Fund 811,607 A
Internal Service Funds 147,220 B, C
Internal Service Funds General Fund 4,494,017 B General Capital Projects Fund 11,000
A
Sewer Enterprise Fund 435,398 B
Water Enterprise Fund 382,076 B
Non-Major Enterprise Funds 84,825
B
Internal Service Funds 527,747 B, C
$45,272,923
A To fund capital projects.

B To fund debt service, capital projects , administrative overhead, and insurance.

C To Fund General Liability Internal Service Fund for insurance.

D To fund allocation of administrative overhead.
59 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

5. INTERFUND
TRANSACTIONS (Continued)
Current Interfund Balances
Current interfund balances arise in the normal course of business and are expected to be repaid shortly after end of the fiscal year. At June 30, 2024 interfund balances were as follows:

Due from Other Funds Due To Other Funds Amount
General Fund Route 238 Corridor Improvement Fund $5,761,938 Certificates of Participation Debt Service Fund 182,154 Non-Major Governmental Funds 236,316
Non-Major Enterprise Funds 91,282
$6,271,690
Long-Term Interfund Advances – At June 30, 2024, the funds be low had made advances that were not expected to be repaid within the next year.

Long-Term Long-Term
Interfund Interfund
Receivable Payable
General Fund $2,777,361
Water Enterprise Fund $2,777,361
Total $2,777,361 $2,777,361
In fiscal year 2014, the Water Enterprise Fund loaned $3,420,000 to th e General Fund for costs related to a new fire station and firehouse clinic. This loan bears 2% inte rest and repayments are made semiannually every December 1 st and June 1 st. As of June 30, 2024, the outstanding loan balance was $2,777,361.

Internal Balances – Internal balances are prese nted only in the Government-wide financial statements. They represent the net interfund receivable and payables remaining after the elimination of all such balances within governmental and business-type activities.

6. CAPITAL ASSETS
Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are reported at ac quisition value. All other capital assets a re
valued at historical cost or estimated historical co st if actual historical cost is not available. The City’s policy is to capitalize all assets with costs exceeding $5,000 and with useful lives exceeding two years.

GASB Statement 34 requires that all capital assets with limited useful lives be depreciated over their estimated useful lives. The purpose of depreciation is to spre ad the cost of capital assets equitably among all users over the life of the assets. The amount charged to depreciation expense each year represents that year’s pro rata share of the cost of capital assets. 60 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

6. CAPITAL
ASSETS (Continued)
Depreciation is provided using the straight lin e method which means the cost of the asset i s
divided by its expected useful life in years and the result is charged to ex pense each year until the asset is fully depreciated. The City begins depreciation on July 1 st of the year following acquisition. The City has assigned the useful lives listed below to capital assets.

Buildings and improvements
10 – 50 years
Improvements other than Buildings 25 years
Machinery and equipment 7 – 50 years
Streets 25 – 40 years
Traffic Signals 20 years
Medians 25 – 40 years
Conduits 20 years
Drains 20 years
Major outlays for capital assets and improvements are capitalized as projects are constructed.

Interest incurred during the construction phase is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period.

Capital Asset Additions and Retirements – Capital assets at June 30 comprise:

Balance Balance
June 30, 2023 Additions Retirements Transfers June 30, 2024 Governmental activities:

Capital assets not being depreciated:

Land $19,246,485 $19,246,485
Construction in progress 81,025,498 $9,848,014 ($1,455,565) 89,417,947 Total capital assets not being depreciated 100,271,983 9,848,014 (1,455,565) 108,664,432 Capital assets being depreciated:

Buildings and improvements 105,948,414 105,948,414
Improvements other than buildings 81,066,391 1,335,818 82,402,209 Machinery and equipment 72,349,021 3,879,314 ($1,93 3,762) 74,294,573 Streets 343,259,538 119,747 343,379,285
Traffic signals 7,993,603 7,993,603
Medians 3,724,705 3,724,705
Conduits 1,540,569 1,540,569
Drains 2,994,000 2,994,000
Right-to-use subscription assets 540,910 540,910
Total capital assets being depreciated 619,417,151 3,879,314 (1 ,933,762) 1,455,565 622,818,268 Less accumulated depreciation for:

Buildings and improvements 37,527,730 2,144,580 39,672,310 Improvements other than buildings 16,906,095 3,169,521 20,075,616 Machinery and equipment 48,875,098 3,881,855 (1,886,611) 50,870,342 Streets 134,542,520 8,724,075 143,266,595
Traffic signals 7,236,838 149,664 7,386,502
Medians 2,612,724 88,168 2,700,892
Conduits 1,540,569 1,540,569
Drains 2,768,792 117,500 2,886,292
Right-to-use Assets 126,997 137,913 264,910
Total accumulated depreciation 252,137,363 18,413,276 (1,8 86,611) 268,664,028 Net depreciable assets 367,279,788 (14,533,962) (47,1 51) 1,455,565 354,154,240 Governmental activity capital assets, net $467,551,771 ($4,685,948) ($47,151) $462,818,672 61 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

6. CAPITAL
ASSETS (Continued)
Balance Balance
June 30, 2023 Additions Transfers June 30, 2024
Business-type activities:

Capital assets not being depreciated:

Land $4,757,492 $4,757,492
Construction in progress 30, 810,162 $8,765,766 ($1,472,125) 38,103,803 Total capital assets not being depreciated 35,567,654 8,765,766 (1,472,125) 42,861,295 Capital assets being depreciated:

Buildings and improvements 36,759,292 36,759,292
Machinery and equipment 77,542,386 710,453 78,252,839
Sewer pipelines and infrastructure 126,823,616 468,313 127,291,929 Water pipelines and infrastructure 71,359,378 293,359 71,652,737 Airport hangars, tarmacs and other
infrastructure assets 28,588,734 28,588,734
Total capital assets being depreciated 341,073,406 1,472,125 342,545,531 Less accumulated depreciation for:

Buildings and improvements 23,740,715 623,940 24,364,655 Machinery and equipment 27,312,695 2,460,635 29,773,330 Sewer pipelines and infrastructure 76,297,010 3,916,398 80,213,408 Water pipelines and infrastructure 46,232,016 1,831,437 48,063,453 Airport hangars, tarmacs and other
infrastructure assets 22,041,708 590,591 22,632,299
Total accumulated depreciation 195,624,144 9,423,001 205,047,145 Net depreciable assets 145,449,262 (9,423,001) 1,472,125 137,498,386 Business-type activity capital assets, net $181,016,916 ($657,235) $180,359,681 Governmental capital assets construction in prog ress was composed of the following at June 30, 2024:

Project Expended to
Budget June 30, 2024 Committed
Buildings $66,580,000 $3,301,669 $63,278,331
Improvements other than buildings 92,200,855 81,506,894 10,693,961 Machinery and equipment 1,106,559 911,924 194,635
Streets 42,938,000 2,832,287 40,105,713
Traffic Signals 965,000 865,173 99,827
Total $203,790,414 $89,417,947 $114,372,467
62 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

6. CAPITAL
ASSETS (Continued)
A summary of enterprise fund construction in progress at June 30, 2024 follows:

Project Expended to
Budget June 30, 2024 Committed
Sewer Enterprise Fund $34,833,114 $21,638,243 $13,194,871 Water Enterprise Fund 17,992,277 14,153,235 3,839,042
Airport Enterprise Fund 7,464,000 2,312,325 5,151,675
Total $60,289,391 $38,103,803 $22,185,588
Sewer facilities constructed for the sole use of the City by EBDA, including construction in progress, are included in capital assets at their full construction cost.

Capital Asset Contributions – Some capital assets may be ac quired using Federal and State grant funds, or they may be contributed by developers
or other governments. GAAP requires that these
contributions be accounted for as revenues at the time the capital assets are contributed.

Depreciation Allocation – Depreciation expense was charged to functions and programs based on their usage of the related assets . The amounts allocated to each function or program were as follows:

Governmental Activities
General Government $1,376,496
Public Safety 10,461,348
Public Works and Transportation 1,425,402
Library and Community Services 779,924
Redevelopment 133,885
Planning and Building 635,391
Maintenance Services 405,762
Internal Service Funds 3,195,068
$18,413,276
Business-Type Activities
Sewer Fund $6,157,172
Water Fund 2,340,373
Airport Fund 925,336
Stormwater Fund 120
$9,423,001
63 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT
The City’s long-term debt issues and transactions are summarized below:

Authorized Balance Balance
Type of and at June 30, at June 30, Current
Obligation Issued 2023 Addition s Retirements 2024 Portion Governmental Activity Debt:

Certificates of Participation
2015 COP (a), 3.0-5.0%, due 12/31/34 $67,535,000 $52,245,000 $52,245,000 Add: Original issue premium 5,689,046 3,593,081 3,593,081 2023 Refunding COP (a), 5%, due 11/1/34 37,030,000 $37,030,000 $37,030,000 $2,595,000 Add: Original issue premium 4,087,569 4,087,569 371,599 3,715,970 Total Certificates of Participation 55,838,081 41,117,569 56,209,68 0 40,745,970 2,595,000 Direct Borrowings:

Private Placement Certificates of Participation
2016 Refunding COP (a), 2.6-2.76%, due 11/1/2026 19,813,775 7,524,642 1,806,787 5,717,855 1,856,836 Add: Original issue premium 876,695 318,798 79,700 239,098 Loan Payable
Energy Efficiency Loan (a), 1%, due 12/22/2023 2,488,880 138,252 138,252 Private Placement Loan
2014 Fire Station #7 and Wellness Center
Private Placement Loan (a), 2.84%, due 8/1/2029 5,500,000 2,670,610 379,685 2,290,925 390,545 Total Direct Borrowings 10,652,302 2,404,424 8,247,878 2,247,381 Subtotal 66,490,383 41,117,569 58, 614,104 48,993,848 4,842,381 Direct Borrowings:

Internal Service Fund Long-Term Debt (b)
Capital Leases - Fleet
Fire Engines

3.05%, due 1/17/2024 824,000 94,067 94,067
Fire Truck

2.92%, due 6/15/2025 1,272,000 284,721 140,298 144,423 144,423 Total Capital Lease Obligations (Direct Borrowings) 378,788 234,365 144,423 144,423 Subtotal 378,788 234,365 144,423 144,423
Total Governmental Activity Debt $66,869,171 $41,117,569 $58,848,469 $49,138,271 $4,986,804 (Continued)
64 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT (Continued)
Authorized Balance Balance
Type of and at June 30, at June 30, Current
Obligation Issued 2023 Retirements 2024 Portion
Business-type Activity Debt
Direct Borrowings:

Loan Payable
Energy Efficiency Loan (c), 3%, due 6/22/2025 $2,450,000 $419,742 $206,726 $213,016 $213,016 Energy Efficiency Loan (c), 1% due 6/22/2038 2,150,955 1,824,152 113,248 1,710,904 114,432 State Water Resource Control Board Loan 2006
1%, due 9/30/2028 (c) 54,550,018 16, 367,112 2,727,501 13,639,611 2,727,501 State Water Resource Control Board Loan 2019
1%, due 3/31/2049 (c) 21,227,086 14,409,231 467,515 13,941,716 472,190 Total Business-type Activity Debt (Direct Borrowings) $33,020,237 $3,514,990 $29,505,247 $3,527,139 Debt service payments are generally made from the following sources:
(a) Revenues recorded in the General Fund.
(b) Operating revenues recorded in the Internal Service Funds. (c) Operating revenues recorded in the Sewer Enterprise Fund.

Even as a charter city, Hayward has adopted a comprehensive debt management policy that guides the issuance and management of City debt. The policy includ es establishing the legal debt limits (per State law this equates to 15% of assessed value of all r eal and personal property of the
City); identifying the types of debt that can be issued and purposes for which debt proceeds can be used; establishing financial limits affecting debt issuance; and identifying guidelines regarding the structuring of debt (such as term). At the end of fiscal year 2024, the City had total debt outstanding of $78.6 million, which complies with , and is significantly under, the current policy limits.

Certificates of Participation (COPs)
2015 Certificates of Participation – On October 1, 2015, the City issued $67,535,000 in Certificates of Participation (2015 COPs) to acquire and construct a number of capital improvements, including a new library and community learning center, improvements to existing fire stations, and street rehabilitation and repairs. The 2015 COPs bear interest at 3% to 5% and are due serially each November 1. Interest payments are due semi-annually on May 1 and November 1, through maturity in 2034. The 2015 COPs were refunded in December 2023 by the 2023 Certificates of Participation as discussed below.
2023 Certificates of Participation – On November 28 2023, the City issued $37,030,000 in Certificates of Participation (2023 Refunding CO Ps). The proceeds of the Bonds were used to refund the 2015 Certificates of Participation. As a result, the refunded 2015 Certificates of Participation are considered to be defeased and the liability has been removed from the Statement of Net Position. The 2023 COPs bear interest at 5% and are due serially each November 1, thorough maturity in 2034. Interest payments ar e due semi-annually on May 1 and November 1, through maturity on November 1, 2034. The re funding resulted in an economic gain in the amount of $3,491,497.
65 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT (Continued)
2016 Refunding Certificates of Participation (Private Placement) – On June 1, 2016, the Hayward Public Financing Author ity issued Certificates of Pa rticipation (2016 COPs) in the amount of $19,813,775. The proceeds of the lease obligation were used to refund the 2007 Certificates of Participation. As a result, the refunded bonds are considered to be defeased and the liability has been removed from the Statement of Net Position.

The lease obligation is payable each November from 2016 to 2026, in amounts ranging from $850,000 to $2,021,009 and bear interest at rate s ranging from 2.6% to 2.76%. Interest is payable semiannually on May 1 and November 1.

The bond covenants of the Certificates of Particip ation contain events of default that require t he
revenue of the City to be applie d by the Trustee as specified in the terms of the agreement if any of the following conditions occur: default on debt service payments; the fa ilure of the City to observe or perform the conditions, covenants, or agreement terms of the debt; bankruptcy fili ng by the City; or if any court or competent jurisdiction shall assume custody or control of the City.

Energy Efficiency Loan
In fiscal year 2014, the City issued a $2,488,880 loan for th e Energy Conservation Assistance Program, funded by the California Infrastructur e and Economic Development Bank. The loan will finance an Energy Savings Project that cons ists of streetlight retrofitting. The loan bears interest at 1% and payments are to be made bi -annually on June 22 an d December 22 of each year. The loan was paid off as of June 30, 2024.
2014 Fire Station #7 and Wellness Center Private Placement Loan The City entered into a loan agreement with Umpqua Bank in the amount of $5,500,000 on August 1, 2014. Loan proceeds will be used to fund the design and construction of a Firehouse Wellness Clinic at Fire Station # 7. This loan bears interest of 2.84%. Principal and interest payments are payable semiannually
on February 1 and August 1, commencing February 1, 2015 through maturity on August 1, 2029.

The loan agreement contains events of default that require the reve nue of the City to be applie d by the Trustee as specified in the terms of the agreement if any of the following conditions occur:
default on debt service payments; the failure of
the City to observe or perform the conditions,
covenants, or agreement terms of the debt; bankr uptcy filing by the City ; or if any court or competent jurisdiction shall assume custody or control of the City.

Lease Obligations
The City has entered into various lease agreemen
ts to acquire property, miscellaneous computer
mainframe equipment, and various City vehicles. All of the lease agreements require annual payments.
66 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT (Continued)
Energy Efficiency Loan
In fiscal year 2011, the City was issued a $2,450,000 loan from th e Energy Conservation Assistance Program, issued by the California In frastructure and Economic Development Bank.

The loan will finance an Energy Savings Project that consists of 1 MW Tracking Photovoltaic System on the City’s Water Pollution Control Facility. The loan bears interest at 3% and payments are to be made bi-annually on June 22 and December 22 of each year until 2025.

Energy Efficiency Loan
In fiscal year 2020, the City was issued a $2,150,955 loan from th e Energy Conservation Assistance Program, issued by the California In frastructure and Economic Development Bank.

The loan will finance an Energy Savings Proj ect that consists of the Ground Mounted Photovoltaic System installed on City owned property. The loan bears interest at 1% and payments are to be made bi-annually on June 22 and December 22 of each year until 2038.

State Water Resources Control Board Loans
In June 2006, the City entered
into a loan agreement with the State of California’s State Water Resources Control Board for the purpose of fi nancing the Wastewater System Improvement Project. Under the terms of the contract, the Ci ty agreed to repay $54,550,018 to the State i n
exchange for receiving $45,458,167 in proceeds used to fund the Project. The difference between the repayment obligation and proceeds amounts to $9,091,852 upon issue and represents in- substance interest on the outstanding balance. As of June 30, 2024, the City’s gross repayment obligation totaled $13,639,611. The repayments of the loan are due annually on September 30 of each year commencing 2009 until 2029.

In October 2018, the City entered into a loan agreement with the State of California’s State Water Resources Control Board for the purpose of fi nancing the Recycled Water Project. Under the terms of the contract, the City agreed to repay $ 21,227,086 plus interest to the State in exchange for receiving $27,058,436 in proceeds used to fund the project. The difference between the repayment obligation and proceeds represents a grant from the State on the outstanding balance.

As of June 30, 2024, the City has drawn down $15,669,071. As of June 30, 2024, the City’s estimated gross repayment obliga tion totaled $13,941,716. The lo an bears interest at 1% and payments are due annually on January 31 of each year commencing in 2021 until 2050. 67 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT (Continued)
Debt Service Requirements
At June 30, 2024, annual debt service requiremen ts to maturity for long-term debt, including interest payments, were as follows:

Year Ending
June 30: Principal Interest Principal Interest
2025 $2,595,000 $1,640,635 $2,391,804 $186,834
2026 2,725,000 1,721,750 2,306,723 126,760
2027 2,875,000 1,585,500 2,369,216 65,079
2028 3,025,000 1,441,750 425,023 27,831
2029 3,175,000 1,290,500 437,179 15,674
2030 - 2034 18,380,000 4,006,250 223,258 3,170
2035 4,255,000 212,750
Totals 37,030,000 $11,899,135 8,153,203 $425,348
Plus unamortized premium 3,715,970 239,098
Total Long-term debt principal, net $40,745,970 $8,392,301 Governmental Activities -
2023 Refunding Certificates of
Participation
Governmental Activities -
Direct Borrowings
Business-Type Activities
Direct Borrowings
Year Ending
June 30: Principal Interest
2025 $3,527,139 $161,050
2026 3,320,006 150,372
2027 3,325,935 144,444
2028 3,331,888 138,493
2029 3,340,075 132,410
2030 - 2034 3,145,161 569,227
2035 - 2039 3,174,097 409,023
2040 - 2044 2,796,361 261,674
2045 - 2049 2,939,004 119,031
2050 - 2051 605,581 6,055
Totals $29,505,247 $2,091,779
Defeased Bonds
As of June 30, 2024, outstanding balances fo
r defeased debt were $510,000 for the 2001 Water
System Improvement Project Certificates of Par ticipation, $6,200,000 for the 2007 Refunding Certificates of Participation and $48,715,000 for the 2015 Certificates of Participation. 68 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

7. LONG-TERM DEBT (Continued)
Leasing Arrangements
Certificates of Participation, Lease Revenue Bonds and other Leases are issued for the purpose of financing the construction or acquisition of pr ojects defined in each leasing arrangement.

Projects are leased to the City for lease payments which, together with unspent proceeds of the leasing arrangement, will be sufficient to meet the debt service obligations of the leasing arrangement. At the termination of the leasing arrangement title to the project will pass to the City.

Leasing arrangements are similar to debt; they allow investors to participate in a share of guaranteed payments, which are made by the City. Because they are similar to debt, the present value of the total of the payments to be made by the City is recorded as long-term debt. The City’s leasing arrangements are included in long term obligations discussed in the preceding note.

8. SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS During fiscal year 2023, the City implemented the provisions of GASB Statement No. 96, Subscription-Based Information Technology Arrangements, which required the City to incorporate intangible right-to-use subscription assets, and subscription liabilit ies. The subscription liabilities are offset with subscription assets as shown in Note 6.

A summary of subscription-based information tec hnology arrangements (SBITA) transactions for the fiscal year ended June 30, 2024, are as follows:

Balance Balance Current
June 30, 2023 Retirements June 30, 2024 Portion
Governmental Activities
Subscription Liabilities
Arctic Wolf License $110,402 $110,402
Intterra Software 258,532 ($59,623) 198,909 $62,646
Total Subscription Liabilities $368,934 ($59,623) $309,311 $62,646 On July 1, 2022, the City entered into a 35 month subscription for the use of an Arctic Wolf License Subscription. An initial subscription liability was recorded in the amount of $213,427. As of June 30, 2024, the value of the subscrip tion liability is $110,402. The City is required to make annual fixed payments of $107,441. The subscription has an interest rate of 2.1843%. The value of the right to use asset as of June 30, 2024 is $213,426 with accumulated amortization of $144,832, which is included in Note 6 Capital Assets.

On September 1, 2021, the City entered into a 60 month subscription for the use of an Intterra Software Subscription. An initial subscription liability was recorded in the amount of $322,984. As of June 30, 2024, the value of the subscription liab ility is $198,909. The City is required to make annual fixed payments of $64,452. The subscription has an interest rate of 2.1843%. The value of the right to use asset as of June 30, 2024 is $327,484 with accumulated amortization of $120,078, which is included in Note 6 Capital Assets.
69 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

8. SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS The future subscription and interest subscription payments as of June 30, 2024 follows:

For the Year
Ended June 30 Principal Interest Total
2024 $62,646 $4,706 $67,352
2025 176,463 3,224 179,687
2026
70,202 1,661 71,863
Totals $309,311
$9,591 $318,902

9. SPECIAL ASSESSMENT DEBT WITHOUT CITY COMMITMENT
The City has sponsored special assessment debt issues under which it has no legal or moral liability with respect to repayment of the debt and therefore does not include this debt in the City’s Governmental Activities. A summary of such debt follows:

In June 1999 the Local Impr ovement District No. 17, Twin Bridges Community Park, issued Limited Obligation Improvement Bonds in the orig inal principal amount of $396,014 to finance improvements within the District. Outstanding debt at June 30, 2024 was $30,000.

In October 2013, the Community Facilities Distri ct No. 1, Eden Shores issued Special Tax Refunding Bonds, Series 2013, in the original principal amount of $7,076,294 refunding the 2002 Special Tax Bonds. Outstanding debt for the 2013 Bonds at June 30, 2024 was $3,870,064.

10. NET POSITION AND FUND BALANCES
Net Position – Net Position is the excess of all the City ’s assets and deferred outflows over all its liabilities and deferred inflows, regardless of fund . Net Position are divided into three captions.

These captions apply only to Net Position, and are described below:

Net Investments in Capital Assets describes the portion of Net Position which 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 and related deferred inflows.

Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions of agreements with outside partie s, governmental regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include the following:

Public Safety Activities – These Net Position s are restricted for activities pertaining to the rehabilitation or reconstruction of pave ment, repair of or installation of new

sidewalks, maintenance of or improvements to the City's streetlights and traffic signals, as well as other improvements to the City's infrastructure. Such projects primarily draw their funding from Special Revenue Program s operated by the City, including State Gasoline Tax, Alameda County Measure B, and various local, state, and federal grants.

Debt Service Activities – These Net Positions are restricted for the use of debt service related activities.
70 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

10. NET POSITION AND FUND BALANCES (Continued)
Public Works and Transportations Activities – These Net Positions are restricted for grants received by the City for the specific activities involving em ergency response and responding to other emergency and other pu blic safety calls for service from the community.

Planning and Buildings Activities – These Ne t Positions are restricted managing the development of Hayward in order to assure the economic and environmental health of the community, and to protect the health and safety of the community through building inspection, enforcement of codes and standards, and by providing new housin g
opportunities for residents of the City.

Economic Development Activities – These Net Positions are restricted by state law to housing redevelopment activities of the City of Hayward.

Unrestricted describes the portion of Net Position which is not restricted as to use.

Fund balance – Governmental fund balances represent the net current assets of each fund. Net current assets generally represent a fund’s cash and receivables, less its liabilities.

The City’s fund balances are classified in acco rdance with Governmental Accounting Standards Board Statement Number 54 (GASB 54), Fund Balance Reporting and Governmental Fund Type Definitions, which requires the City to classify its fund balances based on spending constraints imposed on the use of resources. Each category in the following hierarchy is ranked according to the degree of spending constraint:

Nonspendables represents balances set aside to i ndicate items do not represent available, spendable resources even though they are a compon ent of assets. Fund balances required to be maintained intact, such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes receivable, and land held for redevelopment are included. However, if proceeds realized from the sale or collection of nonspendable assets are restricted, committed or assigned, then Nonspendable amounts are requir ed to be presented as a component of the applicable category.

Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resources to be used only for a specific purpose. Nonspendable amounts subject to restrictions are included along with spendable resources.

Committed fund balances have constraints imposed by formal action of the City Council which may be altered only by the reso lutions of the City Council. No nspendable amounts subject to council commitments are included along with spendable resources.

Assigned fund balances are amounts constrained by th e City’s intent to be used for a specific purpose, but are neither restricted nor committed. In accordance to the City’s fund balance policy, intent is expressed by the City Council or its designee and may be changed at the discretion of the City Council. This category includes residual fund balances, if any, of Special Revenue, Capital Projects and Debt Service Funds which have been assigned by City Council Resolution. 71 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

8. SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS The future subscription and interest subscription payments as of June 30, 2024 follows:

For the Year
Ended June 30 Principal Interest Total
2024 $62,646 $4,706 $67,352
2025 176,463 3,224 179,687
2026
70,202 1,661 71,863
Totals $309,311
$9,591 $318,902

9. SPECIAL ASSESSMENT DEBT WITHOUT CITY COMMITMENT
The City has sponsored special assessment debt issues under which it has no legal or moral liability with respect to repayment of the debt and therefore does not include this debt in the City’s Governmental Activities. A summary of such debt follows:

In June 1999 the Local Impr ovement District No. 17, Twin Bridges Community Park, issued Limited Obligation Improvement Bonds in the orig inal principal amount of $396,014 to finance improvements within the District. Outstanding debt at June 30, 2024 was $30,000.

In October 2013, the Community Facilities Distri ct No. 1, Eden Shores issued Special Tax Refunding Bonds, Series 2013, in the original principal amount of $7,076,294 refunding the 2002 Special Tax Bonds. Outstanding debt for the 2013 Bonds at June 30, 2024 was $3,870,064.

10. NET POSITION AND FUND BALANCES
Net Position – Net Position is the excess of all the City ’s assets and deferred outflows over all its liabilities and deferred inflows, regardless of fund . Net Position are divided into three captions.

These captions apply only to Net Position, and are described below:

Net Investments in Capital Assets describes the portion of Net Position which 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 and related deferred inflows.

Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions of agreements with outside partie s, governmental regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include the following:

Public Safety Activities – These Net Position s are restricted for activities pertaining to the rehabilitation or reconstruction of pave ment, repair of or installation of new

sidewalks, maintenance of or improvements to the City's streetlights and traffic signals, as well as other improvements to the City's infrastructure. Such projects primarily draw their funding from Special Revenue Program s operated by the City, including State Gasoline Tax, Alameda County Measure B, and various local, state, and federal grants.

Debt Service Activities – These Net Positions are restricted for the use of debt service related activities.
70 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

10. NET POSITION AND FUND BALANCES (Continued)
Unassigned fund balance represents residual amounts that have not been restricted, committed, or assigned. This includes the residual general fund balance and residual fund deficits, if any, of other governmental funds.

Fund balance flow assumptions – Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (t he total of committed, assigned, and unassigne d
fund balance). In order to calculate the amounts to report as rest ricted, committed, assigned, and unassigned fund balance in the governmental fu nd 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 t he
components of unrestricted fund balance. Furt her, 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.

Minimum Fund Balance Policies – The City’s Budget and Fiscal Policy requires the City to strive to maintain a prudent leve l of financial resources to protec t against reducing service levels or raising taxes and fees because of temporar y revenue shortfalls or unpredicted one time expenditures. These resources also provide a fi rst defense against deficit spending and hel p
maintain liquidity when budgeted drawdowns are inevitable. The reserve may be used at the City Council’s discretion to addres s temporary cash flow shortage s, emergencies, unanticipated economic downturns, and one time opportunities . These resources are intended to provide flexibility to respond to unexpected opportunities that may help the City of Hayward achieve its goals. The use of these funds may also be tied to an adverse change in economic indicators to ensure that the funds are not depleted before an emergency arises.

It is the policy of the City of Hayward to esta blish and maintain adequate financial reserves in order to avoid the negative effects of economic cycles upon essential services to the public and t o
assure that annual fluctuations in revenue recei pts do not impede the City’s ability to meet its expenditure obligations.

During periods of economic sufficiency, these reserv es shall be used as a source of supplemental revenue through prudent investments and earnings under policies of the City Council and fo r meeting short term cash flow deficiencies. During periods of economic downturns, whe n
revenues fail to meet the normal operating requi rements of essential public services, or when need for reserves temporarily exceeds receipts, these designations may, upon the recommendation of the City Manager and the authorization of the City Council, be used in accordance with the standards set forth herein.

Under GASB 54, such reserves are includable in Unassigned fund bala nce when the usage is predicated on general circumstances which are expected to routinely occur. 72 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

10. NET POSITION AND FUND BALANCES (Continued)
The General Fund Balances are detailed below and described along with the minimum balanc e target and purpose:

Balance at
June 30, 2024
Nonspendables:

Items not in spendable form:

Long-term loans to Private Purpose Trust $2,036,442
Deposits, parts, supplies and other 8,603,126
Total Nonspendable Fund Balances 10,639,568
Assigned:

Other 256,170
Measure C District sales tax 17,263,867
Total Assigned Fund Balances 17,520,037
Unassigned:

Designations:

Liquidity 31,623,511
Total Unassigned Fund Balances 31,623,511
Total Fund Balances $59,783,116
• Liquidity: Minimum balance equal to greater of $2 .5 million or 5% of the annual general fund operating appropriations.

This reserve is to address short-term borrowing needs the City may encounter. Certain major revenues of the general fund are passed thr ough other government agencies, state, and county. The City cannot control the timing of when they make payments to the City. • In October 2014, the Citizens of Hayward appr oved the Measure C District Sales Tax, a general tax. Fund balances related to this Measure have been assigned.

Deficit Fund Balances – As of June 30, 2024, the following funds had a deficit:

The Certificates of Participation Debt Servi ce Fund reported a deficit of $181,665 due to expenditures related to the payments made duri ng the year on the City’s long-term debt. This deficit is expected to be eliminated through the transfer of revenue to pay the debt. The Local Grants Special Revenue Fund reported a defic it of $57,566 due to de layed reimbursement. The deficit is expected to be elim inated once the reimbursement pa yment is received. The Route 238 Capital Projects Fund reported a deficit of $1,024, 833 due to sale of properties. The deficit is expected to be eliminated with
transfers in fiscal year 2025.
73 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

10. NET POSITION AND FUND BALANCES (Continued)
The Recycling Enterprise Fund reported a de ficit of $276,353 at June 30, 2024 due to expenditures related to the recycling program. Th is deficit is expected to be eliminated wit h
future revenues. The General Liability Internal Service Fund reported a de ficit of $6,709,805 at June 30, 2024 due to increasing cost of insurance premiums and legal fees, in addition to the internal service rates adjustment was not enough to cover the previous years’ deficits at the end of fiscal year 2024. This deficit is expected to be eliminated with future internal service fund charges and transfers in fiscal year 2025.

11. ACCRUED

RECLAMATION COSTS
To comply with regulatory requirements impo sed by the California Regional Water Quality Control Board and the Alameda County Department of Environmental Health, the City expects to incur reclamation costs associated with an aban doned 60 acre landfill site. Such costs represent placing an 18-inch vegetative cover over the landf ill site as well as ongoing monitoring costs.

Annually the City expects to incu r $125,000 in expenses relate d to reclamation costs for the site.

These expenses will be funded by oper ating revenue of the Sewer Enterprise Fund.

Reclamation payments totaled $65,821 for the year ended June 30, 2024. Reclamation costs are accrued in the Sewer Enterprise Fund. Actual cost s may be higher due to inflation, changes in technology, or changes in State or Federal regulations.

12. DEFERRED COMPENSATION PLAN
City employees may defer a portion of their compensation under a City sponsored Deferred Compensation Plan (Plan) created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not taxed on the deferre d portion of their compensation until distributed to them. Distributions may be made only at term ination, retirement, deat h, or in an emergency defined by the Plan.

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. Sin ce 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. The Plan’s trust administrator is Great-West Retirement Services.

As established by the plan, all el igible employees of the City in the Hayward Police Officers’ Association (HPOA) and International Associ ation of Firefighters (Local 1909) become participants in the Plan once they have entered into the participation agreement.

The City contributes $2,400 annually per eligible participant to the Plan. Contributions made by an employee and the employer vest immediately. No forfeitures were noted during the current period. During the year, the City contributed $568,558 to the Plan. 74 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS
General Information about the Pension Plans
Plan Descriptions – All qualified permanent and proba tionary employees are eligible to participate in the City’s separate Safety (pol ice and fire) and Miscellaneous (all other) Plans, agent multiple-employer defined benefit pension plans administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit pr ovisions under the Plans are established by State statute and City resolutio n. CalPERS issues publicly available reports that include a full description of the pension pl ans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

Benefits Provided – CalPERS provides service retirement an d 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 cr edited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 wit h
statutorily reduced benefits. All members are el igible for non-duty disabi lity benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as sp ecified by the Public Employees’ Retirement Law. The Pension Reform Act of 2013 (PEPRA), Assembly Bill 340,
is applicable to em ployees new to CalPERS
and hired after December 31, 2012.
75 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
The Plans’ provisions and benefits in effect at June 30, 2024, are summarized as follows:

Classic Tier I PEPRA
Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 2.5% @ 55 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 - 55 52 - 67

2.0% - 2.50% 1.0% - 2.5%
Required employee contribution rates 8.00% 6.75%
Required employer contribution rates (A) 10.96% 10.96%
Classic Tier I PEPRA
Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 3.0%
@ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 50 - 57

3.0% 2.0% - 2.7%
Required employee contribution rates 9.0% 11.25%
Required employer contribution rates (A) 21.20% 21.20%
Classic Tier I PEPRA
Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 3.0%
@ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 50 - 57

3.0% 2.0% - 2.7%
Required employee contribution rates 9.0% 13.50%
Required employer contribution rates (A) 23.92% 23.92%
(A) R
ates represents blended combination rates
Safety - Police
Monthly benefits, as a % of eligible compensation
Monthly benefits, as a % of eligible compensation
Monthly benefits, as a % of eligible compensation
Miscellaneous
Safety - Fire
76 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
Employees Covered
– The following employees were covered by the benefit terms for each Plan as of the most recent actuarial valuation date of June 30, 2022 and measurement date of June 30, 2023:

Miscellaneous Safety-Fire Safety - Police
Inactive employees or beneficiaries currently receiving benefits 965 190 368 Inactive employees entitled to but not yet receiving benefits 749 21 83 Active employees 529 125 161
Total 2,243 336 612
Employees’ Retirement Law requir es that the employer contri bution 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. Fund ing contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfund
ed accrued liability. The City is required to
contribute the difference between the actuarially determined rate and the contribution rate of employees.

Net Pension Liability
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Plans and additions to/deductions from the Plans’ fiduci ary net position have been determined on the same basis as they are reported by the CalPER S Financial Office. For this purpose, benefit payments (including refunds of employee contri butions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

The City’s net pension liability for each Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of each of the Plans is measured as of June 30, 2023, using an annual actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedures. A summary of principal as sumptions and methods used to determine the net pension liability is shown below. 77 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
Actuarial Assumptions – For the measurement period ende d June 30, 2023, the total pension liabilities were determined by rolling forward th e June 30, 2022 total pens ion liability. The June 30, 2022 and June 30, 2023 total pension liabi lities were based on the following actuarial methods and assumptions:

All Plans
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Payroll Growth 2.80%
Projected Salary Increase Varies by Entry Age and Service Investment Rate of Return 6.90% (1)
Mortality Derived using CalPERS Membership
Data for all Funds (2)
Post Retirement Benefit Increase Contract COLA up to 2.30% until Purchasing Power Protection
Allowance Floor on Purchasing Power
applies, 2.30% thereafter
(1) Net of pension plan investment expenses, including inflation. (2) T
he mortality table used was developed based on CalPERS-specific data. The probabilities of m
ortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assu
mptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer t
o the 2021 experience study report from November 2021 that can be found on the CalP
ERS website.

Discount Rate – The discount rate used to measure the total pension liability for each Plan was

6.90%. The projection of cash flow s used to determine the discount rate for each Plan assumed that contributions from all plan members in th e Public Employees Retirement Fund (PERF) will be made at the current member contribution rate s and that contributions from employers will be made at statutorily required rates, actuaria lly determined. Based on those assumptions, each Plan’s fiduciary net position was projected to be available to make all projected future benefit

payments of current plan member s for all plans in the PERF. Ther efore, 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 for each Plan.

The long-term expected rate of return on pe nsion plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pensio n plan investment expense and in flation) are developed for each major asset class.
78 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
In determining the long-term expected rate of re turn, CalPERS took into account both short-term and long-term market return expectations. Using hist orical returns of all the fund’s asset classes, expected compound (geometric) re turns were calculated over the next 20 years using a building- block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 basis points.

The expected real rates of return by asset class are as follows:

Asset Class (a)
Assumed
Asset
Allocation
Real Return
(a),(b)
Global Equity - Cap-weighted 30.0% 4.54%
Global Equity - Non-Cap-weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage-backed Securities 5.0% 0.50%
Investment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage (5.00%) (0.59%)
Total 100%
(a) An expect
ed inflation of 2.30% used for this period.
(b) Fig
ures are based on the 2021 Asset Liability Management study.

Changes of Assumptions – Effective with the June 30, 2022 valuation date (2023 measuremen t
date), the accounting discount rate was reduced from 7.15% to 6.90%. 79 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
Changes in the Net Pension Liability
The changes in the Net Pension Liability for each Plan follow:

Miscellaneous Plan:

Increase (Decrease)
Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability/(Asset)
Balance at June 30, 2022 $544,066,746 $354,826,823 $189,239,923 Changes in the year:

Service cost 9,702,002 9,702,002
Interest on the total pension liability 37,369,466 37,369,466 Changes of Benefit Terms 685,128 685,128
Differences between actual and expected experience 6,749,442 6,749,442 Contribution - employer 17,250,057 (17,250,057)
Contribution - employee 6,286,123 (6,286,123)
Net investment income 22,063,264 (22,063,264)
Administrative expenses (260,923) 260,923
Benefit payments, including refunds of employee
contributions (29,531,668) (29,531,668)
Net changes 24,974,370 15,806,853 9,167,517
Balance at June 30, 2023 $569,041,116 $370,633,676 $198,407,440 Safety - Fire Plan:

Increase (Decrease)
Total Pension
Liabilit
y
Plan Fiduciary
Net Position
Net Pension
Liability/(Asset)
Balance at June 30, 2022 $344,924,059 $215,310,633 $129,613,426 Changes in the year:

Service cost 6,220,274 6,220,274
Interest on the total pension liability 23,431,081 23,431,081 Changes of Benefit Terms 104,390 104,390
Differences between actual and expected experience 686,568 686,568 Contribution - employer 12,364,688 (12,364,688)
Contribution - employee 3,358,508 (3,358,508)
Net investment income 13,343,902 (13,343,902)
Administrative expenses (158,329) 158,329
Benefit payments, including refunds of employee
contributions (18,488,522) (18,488,522)
Net changes 11,953,791 10,420,247 1,533,544
Balance at June 30, 2023 $356,877,850 $225,730,880 $131,146,970 80 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
Safety - Police Plan:

Increase (Decrease)
Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability/(Asset)
Balance at June 30, 2022 $478,495,542 $287,255,164 $191,240,378 Changes in the year:

Service cost 8,285,073 8,285,073
Interest on the total pension liability 32,947,579 32,947,579 Changes of Benefit Terms 161,875 161,875
Differences between actual and expected experience 7,860,371 7,860,371 Contribution - employer 17,771,966 (17,771,966)
Contribution - employee 4,015,333 (4,015,333)
Net investment income 17,929,127 (17,929,127)
Administrative expenses (211,234) 211,234
Benefit payments, including refunds of employee
contributions (26,318,344) (26,318,344)
Net changes 22,936,554 13,186,848 9,749,706
Balance at June 30, 2023 $501,432,096 $300,442,012 $200,990,084 Combined Total $1,427,351,062 $896,806,568 $530,544,494 The long-term portion of the governmental activities Net Pension Liability is liquidated primarily by the General Fund.

Sensitivity of the Net Pension Liability to Changes in the Discount Rate – The following presents the net pension liability of the City for each Plan, calculated using the discount rate for each Plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Miscellaneous Safety-Fire Safety-Police
1% Decrease 5.90% 5.90% 5.90%
Net Pension Liability $271,334,186 $178,060,737 $269,442,558 Current Discount Rate 6.90% 6.90% 6.90%
Net Pension Liability $198,407,440 $131,146,970 $200,990,084 1% Increase 7.90% 7.90% 7.90%
Net Pension Liability $138,129,938 $92,484,162 $145,145,239 Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. 81 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2024, the City r ecognized pension expense of $29,210,213 for the Miscellaneous Plan, $14,771,343 for the Safety Plan – Fire and $28,936,720 for the Safety Plan – Police. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Miscellaneous Plan:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $18,526,227 Differences between actual and expected experience 4,442,602 Changes of assumptions 3,516,098
Net differences between projected and actual earnings on plan investments 16,730,805
Total $43,215,732
Safety Plan - Fire:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $12,033,861 Differences between actual and expected experience 1,431,979 ($5,103,395) Changes of assumptions 5,961,084
Net differences between projected and actual earnings on plan investments 10,285,809
Total $29,712,733 ($5,103,395)
Safety Plan - Police:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $17,912,004 Differences between actual and expected experience 5,980,841 ($1,055,419) Changes of assumptions 6,512,607
Net differences between projected and actual earnings on plan investments 13,461,740
Total $43,867,192 ($1,055,419)
Combined total $116,795,657 ($6,158,814)
82 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

13. PENSION PLANS (Continued)
$
48,472,092 reported as deferred outflows of resources related to contributions subsequent to th e measurement date will be recognized as a reduction of the net pension liabi lity in the subsequent fiscal period. Other amounts reported as deferre d outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Miscellaneous Plan:

Year Ended Annual
June 30 Amortization
2025 $9,353,694
2026 3,196,875
2027 11,701,997
2028 436,939
Total $24,689,505
Safety Plan - Fire:

Year Ended Annual
June 30 Amortization
2025 $2,756,508
2026 1,547,875
2027 7,875,436
2028 395,658
Total $12,575,477
Safety Plan - Police:

Year Ended Annual
June 30 Amortization
2025 $9,741,022
2026 5,085,279
2027 9,730,150
2028 343,318
Total $24,899,769
All Plans (Misc., Fire and Police)
Year Ended Amortization
June 30 Amount
2025 $21,851,224
2026 9,830,029
2027 29,307,583
2028 1,175,915
Total $62,164,751
83 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

14. PUBLIC AGENCY RETIREMENT SYSTEM
The Omnibus Budget Reconciliation Act of 1990 (OBRA) mandates that public sector employees who are not members of their employer’s existing retirement system as of January 1, 1992 be covered by either Social Secur ity or an alternative plan. Effe ctive January 1, 1992, the City contracted with the Public Agency Retirement Sy stem (PARS), a defined contribution plan. This Plan covers part-time, seasonal, and temporar y employees and all employees not covered by another retirement system. All eligible employees covered by the Plan are fully vested. The benefits a participant will receive depend on contributions. Employer liabilities are limited to the amount of current contributions.

As approved by Council, PARS participants cont ribute 3.75% and the City contributes 3.75% o f
salary each pay period. Contributions made by an employee and the employer vest immediately.

No forfeitures were noted during the current period.

For the fiscal year ending June 30, 2024, total
contributions of $25,2 58 were made based on a
total amount of covered compensation of $753,199.

15. OTHER POSTEMPLOYMENT BENEFITS
Provisions and Benefits
OPEB Healthcare
The City participates in the Calif ornia Employers' Retiree Benefit Trust (CERBT), an agent multiple-employer plan ad ministered by CalPERS, consisting of an aggregation of single-employer plans.

By City Council resolution the
City provides certain health care benefits for employees who retire directly from the City with at least five years of service with the City and who are vested in the California Public Employees Retirement System (CalPERS). The City participates in the CalPERS health care plan which is governed un der the California Public Employees Health and Medical Care Act (PEMCHA). Required retiree medi cal plan contributions are also governed by PEMCHA for member agencies.

The City contributes up to a fixed dollar amoun t for retiree medical benefits, which varies by employee bargaining group and coverage level as governed by PEMCHA. Benefits continue for surviving spouses in amounts as required by PEMCHA. Should an eligible retiree opt out of the
CalPERS medical plan, they will receive $151 to $157 per month in lieu of contributions to the CalPERS plan.

Employees Covered
Membership in the plan consisted of the follow ing at June 30, 2023 (latest actuarial valuation date):

Active employees 824
Inactive employees or beneficiaries currently
receiving benefit payments 705
Inactive employees entitled to but not yet
receiving benefit payments 186
Total 1,715
84 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

15. OTHER POSTEMPLOYMENT BENEFITS (Continued)
Net OPEB Liability
Actuarial Methods and Assumptions –
The City’s net OPEB liability was measured as of June
30, 2023 and the total OPEB liability used to calcu late the net OPEB liability was determined by an actuarial valuation dated June 30, 2023 that was rolled forward to determine the total OPEB liability, based on the following actuarial methods and assumptions:

Actuarial Assumptions
Valuation Date June 30, 2023
Measurement Date June 30, 2023
Actuarial Cost Method Entry Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.10%
Inflation 2.50%
Payroll Growth 3.00%
Investment Rate of Return 6.10%
Mortality Rate The mortality improvement scale was updated from MacLeod Watts Scale 2018 to MacLeod Watts Scale 2022 applied generationally from 2017 Pre-Retirement Turnover Must retire from PERS on or after age 65 with at least 10 years of service.

Healthcare 3.90% to 6.5%
The long-term expected rate of return on OP EB plan investments was determined using a building-block method in which expected future r eal rates of return (expected returns, net of OPEB plan investment expense and inflation) ar e developed for each major asset class. These ranges are combined to produce the long-term exp
ected rate of return by weighting the expected
future real rates of return by the target asse t 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:
1-5 Year
Target
Expected Real
Asset Class Allocation Rate of Return
Global Equities 49.0% 4.40%
Fixed Income 23.0% -1.00%
Global Real Estate (REITs) 20.0% 3.00%
Treasury Inflation Protected Securities 5.0% -1.80%
Commodities 3.0% 0.80%
Total 100.0%
Discount Rate – The discount rate used to measure th e total OPEB liability was 6.10%. The projection of cash flows used to determine the disc ount rate assumed that City contributions will be made at rates equal to the actuarially de termined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net positi on was projected to be available to make all projected OPEB payments for current active and in
active 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. 85 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

15. OTHER POSTEMPLOYMENT BENEFITS (Continued)
Changes in Net OPEB Liability- The changes in the Net OPEB Liability follows:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (a) - (b)
Bal
ance at June 30, 2022 (Measurement Date) $89,461,199 $18,936,901 $70,524,298 Changes Recognized for the Measurement Period:

Service Cost 2,111,113 2,111,113
Interest on the total OPEB liability 5,434,941 5,434,941 Changes of assumptions 4,088,459 4,088,459
Investment Experience (30,486) 30,486
Plan Experience (1,950,586) (1,950,586)
Changes of Benefit Terms (2,940,384) (2,940,384)
Contributions from the employer 8,500,958 (8,500,958)
Contributions from the employee 399,609 (399,609)
Net investment income 1,275,453 (1,275,453)
Administrative expenses (6,395) 6,395
Benefit payments (4,949,836) (4,949,836)
Net changes 1,793,707 5,189,303 (3,395,596)
Balance at June 30, 2023 (Measurement Date) $91,254,906 $24,126,204 $67,128,702 Increase (Decrease)
Sensitivity of the Net OPEB Liability
The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were cal
culated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current discount rate:

Net OPEB Liability/(Asset)
Discount Rate -1% Discount Rate Discount Rate +1%

5.10% 6.10% 7.10%
$78,375,048 $67,128,702 $57,762,310
The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were calculated using a healthcare cost trend rate that is 1-percentage-point lower or 1-percentage- point higher than the current rate:

Net OPEB Liability/(Asset)
Healthcare Cost
1% Decrease Trend Rates 1% Increase

4.80% 5.80% 6.80%
$58,594,774 $67,128,702 $77,869,915
86 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

15. OTHER POSTEMPLOYMENT BENEFITS (Continued)
OPEB Expenses and Deferred Outflows/Inflows of Resources Related to OPEB For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB Plan and additions to/deductions from the OPEB Plan’s fiduciary net position have been determined on the same basis as they are reported by the California Employers’ Retiree Benefit Trust (CERBT). For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

For the year ended June 30, 2024, the City rec ognized OPEB expense of $(2,355,613). At June 30, 2024, the City reported defe rred outflows and inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Employer contributions made subsequent to the measurement date $8,737,223 Changes of assumptions 7,969,855 ($11,202,562)
Difference between Expected and Actual Experience 581,151 (3,178,829) Net difference between projected and actual earnings on investments 1,439,636
Total $18,727,865 ($14,381,391)
$8
,737,223 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as part of OPEB expense as follows:

Year Annual
Ended June 30 Amortization
2025 ($4,955,765)
2026 (1,946,178)
2027 1,409,560
2028 647,126
2029 336,673
Thereafter 117,835
Total ($4,390,749)
87 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

16. RISK MANAGEMENT
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omission; injuri es to employees; natural disasters. The City is self-insured for its general liability, workers’ compensation, malpra ctice liability, and general and auto liability.

The City has chosen to establish risk financing
internal service funds wh ere assets are set aside
for claim settlements associated with the above risks of loss up to certain limits.

Type of Coverage Self Insurance Coverage and Limits
General Liability $0 - $1,000,000 per occurrence $0 - $25,000,000 Workers' compensation $0 - statutory limits $500,000 - $50,000,000 Property $0 - $500,000 per occurrence $10,000 - $1,000,000,000 Cyber $0 - $500,000 per occurrence $500,000 - $40,000,000 Boiler and machinery $0 - $350,000 per occurrence $10,000 - $100,000,000 Airport None $25,000 - $50,000,000
Pollution $0- $250,000 per pollution condition $0 - $10,000,000 Amounts in excess of the insured limits are self-insured.

In fiscal year 2004, the City did not renew its workers’ compensation insurance coverage and instead elected to self-insure all workers’ compensation claims.

The City is a member of the Exclusive Risk Ma
nagement Authority of California JPA (formally
known as CA Risk Management Authority) for general municipal liability insurance coverage.

Self-Insurance – The City records estimated liabilities for general liability claims filed or expected to be filed as part of the accrued liabilities in the General Liability Fund (internal service fund). Charges to the General Fund and other fu nds are determined from an analysis of self- insured claim costs and recorded as transfers from such funds to the General Liability Fund.

The City records estimated liabilities for workers’ compensation claims filed or expected to be filed as part of the accrued liabilities in the Workers’ Compensation Insurance Fund (internal service fund). Premiums are paid to the Insurance Fund by all other funds and are available to pay claims, claim reserves, and administrative costs of the program.

Property damage risks are covered on an occurren ce basis up to the deductibles listed above by commercial insurance, Driver Alliant Insurance Se rvices Inc., purchased from independent third parties. All properties are insured at full replacement values. During the past three years there have been no significant reductions in any of the Ci ty’s insurance coverage and no settlement amounts have exceeded insurance coverage.

The unpaid workers’ compensation claims liabil ities included in the Worker's Compensation Insurance Internal Service Fund are based on the results of an actuarial study and include amounts for claims incurred but not report ed. Claim liabilities are calcul ated considering the effects of inflation, recent claim settlement trends incl uding frequency and amount of payouts and other economic and social factors. In addition, the liability is discounted using an annual interest rate of 2%.
88 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

16. RISK
MANAGEMENT (Continued)
Changes in the balances of claims liabilities, including a provis ion for claims in curred but not reported, during the past two fiscal years are as follows:

General Workers' Totals, as of June 30
Liability Compensation 2024 2023
Balance, beginning of year $8,906,840 $15,589,402 $24,496,242 $21,251,059 Current year claims and changes
in estimates 886,883 4,824,257 5,711,140 9,280,184
Claims paid (839,311) (4,625,943) (5,465,254) (6,035,001) Balance, end of year $8,954,412 $15,787,716 $24, 742,128 $24,496,242 GASB #10 requires the City to accrue a liability on its financial statements for the ultimate cost of claims and expenses associated with all reporte d and unreported claims, including allocated loss adjustment expense and unallocated loss adjust
ment expenses. GASB #10 does not prohibit the
discounting of losses to recognize investment in come. The City’s estimated minimum liability at June 30, 2024 is $24,742,128. This amount is net of the allowable adjustment to recognize investment income.

17. JOINT POWERS AGREEMENTS
In March 2013, agencies of Alameda County ente red into a Joint Powers Agreement creating the Energy Council to further the efforts of the Alameda County Waste Management Authority (ACWMA) in efforts to seek funding, develop a nd implement sustainable energy initiatives that reduce energy demand, increase energy efficiency, and advance the use of clean efficient and renewable resources in the region for the benefit of the member ag encies. No debt, liability, or obligation of the Energy Council shall constitute a debt, liability of obligation of the City of Hayward pursuant to Government Code section 6508.1 and the terms of the agreement. The Energy Council shall be governed by the
Board, consisting of one member from each governing body of each member agency. The financial activities for the Energy Council are not included in the accompanying financial statements as it is administered by a board separate from and independent of the City.

The East Bay Dischargers Authority (“EBDA”) was established in 1974 und er the Joint Exercise of Powers Act of the State of California by th e Cities of Hayward and San Leandro, and the Ora Loma, Castro Valley, and Union Sanitary Dist ricts for the purpose of planning, acquiring, constructing, managing, and operating common us e and individual wastewater treatment and disposal facilities for the member agencies. Th e governing body of EBDA consists of five members, one appointed by each
of the member agencies. The City exercises a weighted vote of

20.7% of the total vote. As a separate legal entity, EBDA exercises full powers and authorities within the scope of the Joint Po wers Agreement. Obligations and liabilities of EBDA are not those of the member agencies.
89 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

17. JOINT POWERS AGREEMENTS (Continued)
The financial activities for EBDA are not included in the accompanying financial statements as it is administered by a board separa te from and independent of the City. Transactions with and the investment in the joint powers agency are accounted for as follows:
a) Payments related to the services which the City received during fiscal year 2024 amounted to $946,450 and are recorded as materials, supplies and services expenses. b) Payments related to the City’s long-term invest
ment in the joint powers agency, for which the
City has the ability to exercise significant infl uence over operating and financial policies, are recorded as an investment in the East Bay Di schargers Authority under the equity method .

The City’s equity approximates one-third of th e total net position of EBDA and amounts to $9,118,584 at June 30, 2023, the latest date for which financial information is available.

The investment in East Bay Dischargers Authority is valued as of June 30 , 2023, the latest dat e
for which financial information is available.

Summary financial information as of and for the year ended June 30, 2023 (the most recent audited financial information available) for EBDA’s common use operations was as follows:

Assets
Current $4,067,647
Noncurrent 24,086,832
Total Assets 28,154,479
Deferred outflow of resources 945,004
Total $29,099,483
Liabilities $1,392,242
Deferred inflow of resources 351,488
Net Position 27,355,753
Total $29,099,483
Revenues $5,680,327
Expenses (6,338,202)
Non-operating revenues 1,033,328
Non-operating expenses (1,355,031)
Change in Net Position ($979,578)
90 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

18. COMMITMENTS AND CONTINGENCIES
Litigation
The City is a defendant in several lawsuits arisin g from its normal operations. City manageme nt is of the opinion that the potential claims against the City not covered by insurance resulting from such litigation would not materially affect the basic financial statements of the City.

Bay Area Water Supply and Conservation Agency Revenue Bonds Surcharge The City contracts with the City and County of San Francisco for the purchase of water from the Hetch Hetchy System operated by the San Franci sco Public Utilities Commission (SFPUC). The City is also a member of the Bay Area Wate
r Supply and Conservation Agency (BAW SCA)
which represents the interests of all the 24 citie s and water districts, as well as two private utilities, that purchase wholesale water from the SFPUC.

In 2009 the City entered into a new 25-year agreement with the SFPUC. One of the ways that the new agreement differs from the old is in how fac ilities constructed by the SFPUC that benefit the regional customers are treated from a rate and fi nancial perspective. Under the old agreement, facilities were built, capitalized, and added to the ra te base with a rate of return (interest), and then paid for over their useful lives through wholesale rates. Under the new agreement, the SFPUC issues revenue bonds and the debt service (whi ch also includes an interest component) is paid for through rates over the life of the bonds.

During the transition from the old to the new cont racts, one of the issues addressed was how to deal with the $370 million in assets that were still being paid for by the wholesale customers under the old agreement. The assets were transfer red to the new agreement, assigned a life with an agreed upon rate of return of 5.13%. Also negotiated was a provision to allow the wholesale customers to prepay any remaining existing asse
ts’ unpaid principal bala nce without penalty or
premium. This prepayment was executed th rough the issuance of bonds by BAWSCA which provide a better interest rate given the favorable rate environment.

BAWSCA issued Revenue Bonds in the principal amount of $335,780,000 in January 2013 to prepay the capital cost recovery payment obligat ion and fund a stabilization fund. The Bonds mature in October 2034 and are secured by surc harges to the monthly water purchase charges imposed upon the participating members. The Bonds are not a debt obligation of any member, and BAWSCA’s failure to pay its Bonds would not constitute a default by any participating member.

Should any participating member fail to pay its share, BAWSCA will rely on the stabilization fund and will pursue all legal remedies to collect the shortfall from the delinquent member. In the interim, other participating members may have th eir portion adjusted to insure the continued payment of the debt service surcharge.
91 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

18. COMMITMENTS AND CONTINGENCIES (Continued)
The risk of bearing the debt service expense of a defaulting member is not significantly different than the risk each member assumes currently for fl uctuations in water purchase charges. Under the Bond indenture, BAWSCA maintains a stabilization fund. If surcharge revenues collected are less than needed (due to a member’s failure to pay timely), BAWSCA uses the stabilization fund to fund the debt service deficiency, and increases the surcharge in the subsequent year to make up for the prior year shortfall and reimburse the stabilization fund account. Also, given that each participating agency’s governing body adopted a Resolution to pa rticipate in the Bond issue, Management believes that default is generally very unlikely.

The annual debt service surcharges are a fixed amount for each pa rticipant and are calculated by taking the subsequent fiscal year’s debt servic e, multiplied by each pa rticipant’s actual water purchase as a percent of total wholesale customer water purchases from the prior fiscal year.

One-twelfth of the annual surcharge is included in the monthly bill from SFPUC. Because each participant’s share of the debt service surcharge is proportional to the amount of water purchase d during the prior fiscal year, the City’s share of the debt service will fluctuate from year to year.

The City paid its surcharge of $2,445,576 duri ng fiscal year 2024, which is included as a component of purchased water expenses in the Wa
ter Enterprise Fund. Th e surcharge for fiscal
year 2025 is estimated to be $2,425,887.

Purchase and Sale Agreement with CalTrans
On January 1, 2016, the City entered into a pu rchase and sale agreement with the State of California and Department of Transportation relate d to certain real property located in the Route 238 Bypass corridor acquired and to be used for the purpose of co nstructing a new alignment for a freeway or expressway bypass to Route 238 in th e City of Hayward. In 2010, it was determine d
that these excess properties were no longer need ed for highway purposes and were certified as excess properties. As part of the agreement with the State and Department of Transportation, the City is authorized to purchase certain parcels of the excess real property. The City has title to four parcels as of June 30, 2024 as title was transferred by the State and County to the City, however, the City has not been required to pay for the parc el to CalTrans and therefore, the parcels are not recorded in the City’s financial statements. The fa ir market value of the parcels as of the most recent appraisal report dated July 21, 2021 is $6,220,000.

19. CONDUIT DEBT WITHOUT CITY COMMITMENT
On March 26, 1998, the City assi sted in the issuance of $9,500,0 00 in Variable Rate Demand Multifamily Housing Revenue Bonds, Series 1998A for the purpose of providing funds to make a loan to Santa Clara Associates, LLC to provide permanent financing for a multifamily rental housing project known as the Timbers Apartments Project. Interest on the bonds is payable monthly commencing April 1, 1998. Principal on the Bonds is due March 1, 2023. The City has no legal or moral commitment for the repayment of these bonds.

On August 15, 2001, the City sponsored the i ssuance of the City of Hayward Variable Rate Demand Multifamily Housing Revenue Bonds (L ord Tennyson Apartmen ts), 2001 Series A which were issued in the aggregate principal am ount of $6,450,000 to assist a developer in financing the acquisition and rehabilitation of a 96-unit multifamily complex located in Hayward.

Repayments for the loan are requi red to be made by the develope r. The City has no legal or moral liability with respect to the payment of this debt. 92 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

19. CONDUIT DEBT WITHOUT CITY COMMITMENT (Continued)
On January 6, 2004 the City sponsored the issu ance of the second supplement of the 1984A City of Hayward Variable Rate Demand Multifam ily Housing Revenue Bonds, (Shorewood Apartment Project) which were issued in the aggregate principal amount of $33,100,000 to refinance prior bonds used to fi nance the acquisition and construc tion of a 544-unit multifamily rental housing complex. Repayments for the loan
are required to be made by the developer. The
City has no legal or moral liability with respect to the payment of this debt.

On April 1, 2005, the City sponsored the i ssuance of City of Hayward Multifamily Housi ng
Revenue Bonds (Lord Tennyson Apartments) 2005 Series A and 2005 Series A-T which were issued in the aggregate principal amount of $14,625 ,000 to finance the acquisition, rehabilitation, and development of multifamily rental housing fa cilities. The City has no legal or moral liability with respect to the payment of this debt.

On October 1, 2005, the City sp onsored the issuance of City of Hayward Multifamily Housi ng
Revenue Bonds (Las Casitas of Hayward) 2005 Series A which were issued in the aggregate principal amount of $6,325,000 to finance the acq uisition, rehabilitation, and development of multifamily rental housing facilities. The City has no legal or mora l liability with respect to the payment of this debt.

On November 28, 2006, the City sponsored th e issuance of Multi-Family Housing Revenue Bonds (Saklan Family Housing Deve lopment) 2006 Series A which were issued in the aggregate principal amount of $14,000,000 to assist in the construction and de velopment 78-unit Saklan Family Housing project. The City has no legal or moral liability with respect to the payment of this debt.

On November 10, 2014, the C ity sponsored the issuance of City of Hayward Multifamily Housing Revenue Bonds (South Hayward BART Fa mily and Senior Affordable Apartments) 2014 Series A which were issued in the aggregate principal amount of $32,261,046 to assist in the acquisition and construction of a 150-unit multifamil y rental housing facility. The City has no legal or moral liability with respect to the payment of this debt.

On April 11, 2023, the City sp onsored the issuance of City of Hayward Airport Revenue Bonds which were issued in the aggreg ate principal amount of $5,512,000 to assist in the financing, refinancing, furnishing and equi pping of an Aircraft Storage Hangar Project at the Hayward Airport. The City has no legal or moral liability with respect to the payment of this debt.

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY

ACTIVITIES
Redevelopment Dissolution
Effective January 31, 2012, the Re development Agency was dissol ved. Certain assets of the Redevelopment Agency Low and Moderate Income Housing Fund were distributed to a Housing Successor; and all remaining Redevelopment Agency assets and liabilities were distributed to a Successor Agency.
93 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Under the provisions of AB 1484, the City can el ect to become the Housing Successor and retain the housing assets. The City initially declined to become the Housing Successor, however after other agencies refused to assume the responsibi lity, the City elected to become the temporary Housing Successor and on February 1, 2012, certain housing assets were transferred to the City’s Housing Authority Capital Projects Fund.

The City also elected to become the Succe ssor Agency and on February 1, 2012 the Redevelopment Agency’s remaining assets were distributed to and liabilities were assumed by t he
Successor Agency. ABx1 26 requires the esta blishment of an Oversight Board to oversee the activities of the Successor Agency and one was es tablished on April 30, 2012. The activities of the Successor Agency are subject to review and approval of the Oversight Board, which is comprised of seven members, including one member of City Council and one former Redevelopment Agency employee appointed by the Mayor.

The activities of the Housing Successor are repor ted in the Housing Authority Capital Projec ts Fund as the City has control of those assets, which may be used in accordance with the low a nd
moderate income housing provisions of California Redevelopment Law.

The activities of the Successor Agency ar e reported in the Successor Agency to the Redevelopment Agency Private-Purpose Trust Fund as the activities are under the control of the Oversight Board. The City provides administra
tive services to the Su ccessor Agency to wind
down the affairs of the former Redevelopment Agency.

Cash and Investments
The Successor Agency pools cash from all source s and all funds with the City so that it can be invested at the maximum yield, consistent with safety and liquidity, while individual funds ca n make expenditures at any time. The details of the City’s investment pool can be found in Note 2.

Restricted cash and investments may be used only for activities authorized by the bond indentures of the Successor Agency’s Bonds.

Loans Receivable
The Successor Agencies assumed the notes and loans receivable of the former Redevelopment Agency as of February 1, 2012. The balance of the notes receivable as sumed by the Successor Agency at June 30, 2024 was $24,509,337 r ecorded in the Success or Agency to the Redevelopment Agency Private-Purpose Trust, consisting of rehabilitation and construction loans.
94 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Elementary School and Public Impr ovements (Cannery/Burbank Project) – Pursuant to an agreement between the former Redevelopmen t Agency, City, the Hayward Area Park and Recreation District (HARD), and the Hayward Unif ied School District, the City has agreed t o
construct and the former Redevelopment Agen cy has agreed to pay for the design and construction of a new elementary school to be loca ted on a site composed of parcels owned by or to be acquired by the former Redevelopment Agency. The project was completed during the year ended June 30, 2009 for a total cost of $35,944 ,664. The site and improvements have been conveyed to the School District in exchange for a portion of land owned by the School District (the old school site).

The former Redevelopment Agency also agreed to deconstruct the old school site, and finance the cost of certain infrastructure improvements to the adjacent Cannery Park, which will be jointly used by the HARD, Park District and the School District. This infrastructure project was completed during the year ended J une 30, 2009 for a total cost of $6,813,260. The site and improvements have been conveyed to the HARD.

Receivables – To partially compensate the former Redevelopment Agency for the above design and construction costs and repay the advances, the School District, HARD and the City have agreed to assign certain school development fees and park-in-lieu fees to the former Redevelopment Agency.

In addition, the School District has agreed that the former Redevelopment Agency may retain pass- through payments due the School District pursuant to the Health and Safety Code, as partial compensation for the above costs. The remaining unreimbursed costs are recorded in a schedule of changes in the loan receivable balance for the year ended June 30, 2024.

School Project Cannery Park Cinema Place Attraction Total Balance at June 30, 2023 $19,259,659 $3,491,901 $275,624 $1,482,153 $24,509,337 Less: Loan Payments
Balance at June 30, 2024 $19,259,659 $3,491,901 $275,624 $1,482,153 $24,509,337 Leases Receivable
The Successor Agency from to time to time engage s in lease arrangements allowing the right for others to use various owned land and buildings fo r the public benefit. The borrowing rate for the leases are implicit in the leas e agreements and therefore, the Successor Agency has applied the incremental borrowing rate of the Successor Agency
for all leases of 3% . Leases where the
Successor Agency acts as the lessor are recorded as a lease receivable offset with a deferred inflow of resources.

As of June 30, 2024, these leases receivable and related deferred inflows of resources consisted of the following:

Lessor
Original
Lease
Date
Expiration
Date Including
Options
Annual
Revenue as of
June 30, 2024
Lease Receivable
Balance at
June 30, 2024
Deferred Inflow of
Resources at
June 30, 2024
Private Purpose Trust Fund
Cinema Place Hayward, LLC 5/1/2007 4/30/2057 $59,485 $1,253,942 $1,235,380 95 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Capital Assets
The Successor Agency assumed the capital assets of the former Redevelopment Agency as of February 1, 2012.

Capital Assets are valued at historical cost or estimated historical cost if actual historical cost was not available. Donated capital assets are valued at their acquisition values. City policy has set the capitalization threshold for reporting capital asse ts at $5,000. Depreciation is recorded on a straight-line basis over estimated useful lives of the assets as follows.

Buildings and improvements
10 - 50 years
Improvements other than Buildings 15 years
Machinery and equipment 7 - 50 years
The Successor Agency has recorded all its public domain (infrastructure) capital assets, which include landscape, storm, street, and traffic systems.

Capital Asset Additions, Retirements, and Balances
Balance Balance
June 30, 2023
Additions June 30, 2024
Capital assets not being depreciated:

Land $4,430,516 $4,430,516
Total capital asset not being depreciated 4,430,516 4,430,516 Capital assets being depreciated:

Buildings and improvements 14,135,897 14,135,897
Machinery and equipment 9,575 9,575
Total capital asset being depreciated 14,145,472 14,145,472 Less accumulated depreciation for:

Buildings and improvements 5,276,691 $314,131 5,590,822 Machinery and equipment 9,575 9,575
Total accumulated depreciation 5,286,266 314,131 5,600,397 Net depreciable assets 8,859,206 (314,131) 8,545,075
Private purpose trust fund assets, net $13,289,722 ($314,131) $12,975,591 96 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Loans Payable
The Successor Agencies assumed the notes and loans payable of the former Redevelopment Agency as of February 1, 2012. The balance of the loans payable assumed by the Successor Agency at June 30, 2024 was $5
,939,979 recorded in the Successor Agency to the Redevelopment Agency Private- Purpose Trust Fund. The loans were as follows:

Advances to
Private Purpose Advances
Trust Fund From City
General Fund $2,036,442
Housing Authority Special Revenue Fund 3,876,516
Internal Service Funds 27,021
Successor Agency Private Purpose Trust Fund $5,939,979
Total $5,939,979 $5,939,979
Funds were advanced from the City to the fo rmer Redevelopment Agen cy under an Amended Repayment Agreement whereby the Agency has agreed to reimburse the City a portion of project

costs for the B Street/Watkins/Mission Garage a nd B Street Retail and Civi c Center Plaza not to exceed $11,186,217.

Under the Dissolution Act, certain agreements between Cities and redevelopment agencies no longer qualify as enforceable obligations. Howe ver, with the passage of AB 1484 on June 28, 2012, upon meeting certain requirements including the issuance of a finding of completion by the State Department of Finance and approval from th e Oversight Board, this loan was restored at LAIF rates from inception. The amounts above reflect only the principal portion of the loan. As a result of the State Controller’s Office Asset Transfer Review, completed in 2014, a loan repayment made by the Successor Agency to the City’s Genera l Fund in March 2011 of $2.22 million was disallowed. Additional repayments of $1,041,075 by the Successor Agency to the City’s Water Enterprise Fund and $831,877 by the Successor Agency to the City’s Sewer Enterprise Fund were also disallowed. These bala nces are reflected in the table above. In late November 30, 2018 the California State Supreme Court granted the Petition Writ of Mandate in the City’s favor which confirms that the $2.22 million obligation due the General Fund would be recognized and repaid by the State Department of Finance. 97 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Long-Term Debt
The Successor Agency assumed the long-term debt of the Redevelopment Agency as of February 2012. The Successor Agency’s debt
issues and transactions are summarized below and discussed in detail thereafter.

Authorized
and Balance at Balance at Current
Type of Obligation Issued June 30, 2023 Reti rements June 30, 2024 Portion Tax Allocation Bonds,
2016 Refunding Redevelopment Agency
due 3/1/2036, interest at 2.0%-5.0% $35,270,000 $22,085,000 $2,180, 000 $19,905,000 $2,290,000 Add: Original Issue Premium 2,392,109 184,008 2,208,101 Total $35,270,000 $24,477,109 $2,364,008 $22,113,101 $2,290,000 At June 30, 2024, future debt service requirement for the Successor Agency were as follows:

Successor Agency
Year Ending June 30 Principal Interest
2025 $2,290,000 $1,154,375
2026 2,405,000 1,049,625
2027 2,415,000 939,375
2028 2,625,000 823,625
2029 1,845,000 702,125
2030 - 2034 5,580,000 1,644,125
2035 - 2037 2,745,000 143,075
Totals 19,905,000 $6,456,325
Plus unamortized premium 2,208,101
Total Long-term debt principal, net $22,113,101
2016 Tax Allocation Refunding Bonds
On November 29, 2016, the Suc cessor Agency issued 2016 Tax Allocation Refunding Bonds in the amount of $35,270,000. The proceeds of the Bonds were used to refund the 2004 Tax Allocation Bonds and 2006 Tax Allo
cation Bonds. As a result, the refunded bonds are considered to be defeased and the liability has been removed from the statem ent of Net Position. The Bonds are payable in annual installments as indicated below until maturity on Marc h 1, 2036. Interest is paid semiannually on March 1 and September 1, with rates ranging from 2.0% to 5.0% per annum.

The bond covenant contains events of default that require the revenue of the City to be applied by the Trustee as specified in the terms of the agre ement if any of the following conditions occur:
default on debt service payments; the failure of the City to observe or perform the conditions, covenants, or agreement terms of the debt; bankr uptcy filing by the City ; or if any court or competent jurisdiction shall assume custody or cont rol of the City. The cove nant also contains a subjective acceleration clause that allows the trus tees or holders, who hold the majority of the aggregate principal amount of the bonds, to accel erate payment of the entire principal amount outstanding and interest accrued to become immediately due if th ey determine that a material adverse change occurs.
98 CITY OF HAYWARD, CALIFORNIA

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2024

20. REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
With the dissolution of the Redevelopment Agency discussed above, Tax Increment is no longer distributed and housing set-aside amounts are no longer required, and instead the Successor Agency receives payments from the County’s Redevelopment Property Tax Trust Fund (RPTTF) that are to be used to fund debt service on th e Bonds, with no distinction between housing and non-housing revenues. The Successor Agency only receives the funds necessary to fulfill its approved obligations. In fiscal year 2024, to tal tax increment calculated and available for distribution by the County Auditor-Controller was $5,502,007 and th e total received by the Successor Agency was $3,560,56 3. The taxes available for di stribution covered 110% of the $3,229,625 of debt service.

Commitments and Contingencies
State Approval of Enforceable Obligations – Successor Agency The Successor Agency prepares a Recognized Obligation Payment Schedule (ROPS) semi- annually that contains all proposed expenditures
for the subsequent six-month period. The ROPS
is subject to the review and approval of the Over sight Board as well as the State Department of Finance. Although the State Department of Finance may not question items included on the ROPS in one period, they may question the same items in a future period and disallow associated activities. The amount, if any, of current obligations that may be denied by the State Department of Finance cannot be determined at this time. The City expects such am ounts, if any, to be immaterial.
99 This Page Left Intentionally Blank

REQUIRED SUPPLEMENTARY INFORMATION

Measurement Date 6/30/2014 6/30/2015 6/30/2016
Total Pension Liability
Service Cost $6,288,587 $5,922,880 $6,147,333
Interest 27,661,985 28,504,068 29,369,393
Differences between expected and actual experience (3,128,990) (1,584,352) Changes of assumptions (6,628,461)
Changes in benefits
Benefit payments, including refunds of employee contributions (19,351,565) (21,117,520) (22,169,235) Net change in total pension liability 14,599,007 3,551,977 11,763,139 Total pension liability - beginning 375,357,954 389,956,961 393,508,938 Total pension liability - ending (a) $389,956,961 $393,508,938 $405,272,077 Plan fiduciary net position
Contributions - employer $7,412,951 $8,397,492 $9,973,051 Contributions - employee 3,116,188 3,176,411 3,159,686 Net investment income 42,388,729 6,280,326 1,454,000 Benefit payments, including refunds of employee contributions (19,351,565) (21,117,520) (22,169,235) Plan to plan resource movement 2,005 (11,393)
Ad
ministrative expense (311,784) (168,838)
Other miscellaneous income/(expense)
Net change in plan fiduciary net position 33,566,303 (3,573,070) (7,762,729) Plan fiduciary net position - beginning 247,040,337 280,606,640 277,033,570 Plan fiduciary net position - ending (b) $280,606,640 $277,033,570 $269,270,841 Net pension liability - ending (a)-(b) $109,350,321 $116,475,368 $136,001,236 Plan fiduciary net position as a percentage of the total pension liability 71.96% 70.40% 66.44% Covered payroll $37,254,645 $37,577,455 $37,278,957
Net pension liability as percentage of covered payroll 293.52% 309.96% 364.82% Notes to Schedule:

Source: CalPERS Accounting Valuation - GASB 68
Benefit changes. The figures above do not include any liability impact that may have resulted fro m plan changes which occurred after the June 30, 2016 valuation date. This applie s for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes in assumptions. In 2017, the accounting discount rate reduced from 7.65% to 7.15%. In 2016, 2018, 2019, 2020 and 2021, there were no changes. In 2022, the accounting discount rate reduced from 7.15% to 6.90%. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5% (net of administrative expense) to 7.65% (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5% discount rate.

CITY OF HAYWARD

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Miscellaneous Plan - Agent Multiple-Employer Defined Pension Plan Last 10 Years
102
6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 $7,504,688 $7,869,869 $8,124,065 $8,254,476 $8,338,579 $9,264,461 $9,702,002 30,173,942 31,188,964 32,708,864 33,774,340 34,724,511 35,732,803 37,369,466 444,821 2,372,377 6,313,847 (481,002) (2,023,562) 1,252,761 6,749,442 23,917,327 (2,819,842) 15,236,428
685,128
(22,746,836) (23,688,392) (24,796,470) (26,234,280) (27,282,114) (28,329,956) (29,531,668) 39,293,942 14,922,976 22,350,306 15,313,534 13,757,414 33,156,497 24,974,370 405,272,077 444,566,019 459,488,995 481,839,301 497,152,835 510,910,249 544,066,746 $444,566,019 $459,488,995 $481,839,301 $497,152,835 $510,910,249 $544,066,746 $569,041,116 $11,093,282 $10,774,004 $12,008,441 $12,993,586 $14,566,265 $16,196,634 $17,250,057 3,799,837 4,511,187 4,682,650 5,503,016 5,540,369 6,156,612 6,286,123 29,788,614 24,576,008 19,998,965 15,793,925 73,248,533 (29,606,807) 22,063,264 (22,746,836) (23,688,392) (24,796,470) (26,234,280) (27,282,114) (28,329,956) (29,531,668) (46,705) (711)
(397,560) (453,086) (218,097) (447,310) (324,560) (243,354) (260,923) (860,419) 711
21,490,632 14,858,591 11,676,200 7,608,937 65,748,493 (35,826,871) 15,806,853 269,270,841 290,761,473 305,620,064 317,296,264 324,905,201 390,653,694 354,826,823 $290,761,473 $305,620,064 $317,296,264 $324,905,201 $390,653,694 $354,826,823 $370,633,676 $153,804,546 $153,868,931 $164,543,037 $172,247,634 $120,256,555 $189,239,923 $198,407,440

65.40% 66.51% 65.85% 65.35% 76.46% 65.22% 65.13%
$39,325,308 $43,553,412 $42,884,033 $49,210,706 $50,091,731 $53,975,164 $56,737,788 391.11% 353.29% 383.69% 350.02% 240.07% 350.61% 349.69% 103
Fiscal Year Ended June 30 2015 2016 2017
Actuarially determined contribution $8,401,478 $10,026,685 $11,092,052 Contributions in relation to the actuarially determined contributions 8,401,478 10,026,685 11,092,052 Contribution deficiency (excess) $0 $0 $0
Covered payroll $37,577,455 $37,278,957 $39,325,308
Contributions as a percentage of covered payroll 22.36% 26.90% 28.21% Notes to Schedule
Valuation date: 6/30/2013 6/30/2014 6/30/2015
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age
Amortization method Level percentage of payroll
Remaining amortization period 15 Years as of the Valuation Date Asset valuation method 15 Year Smoothed Market
Inflation
Salary increases
Investment rate of return
Retirement age
Mortality
Source: City of Hayward's general ledger and CalPERS Actuarial Valuation Last 10 Years
The probabilities of mortality are based on the
CalPERS Experience Study. Pre-retirement and
Post-retirement mortality rates include 20 years of
projected mortality improvement using Scale BB
published by the Society of Actuaries for 2015 to
2018. For 2019, 2020, 2021 and 2022, 2023, and
2024, pre-retirement and post-retirement
mortality rates include 15 years of projected
mortality improvement using 90% of Scale MP-
2016 published by the Society of Actuaries.

The probabilities of Retirement are based on the
2017
CalPERS Experience Study for the period
from 1997 to 2015.

CITY OF HAYWARD

SCHEDULE OF CONTRIBUTIONS
Miscellaneous Plan - Agent Multiple-Employer Defined Pension Plan Varies by Entry Age and Service

7.50% for 2015 to 2018, 7.375% for 2019, 7.25%
for 2020, 7.00% for 2021 and 2022, and 7.00%
for 2023 and 2024, net of pension plan
investment expense, including inflation.

2.75% for 2015 to 2019, 2.625% for 2020,

2.50% for 2021 and 2022, and 2.30% for 2023,
and 2.5% for 2024.
104
2018 2019 2020 2021 2022 2023 2024
$10,776,908 $12,013,423 $12,996,103 $14,580,046 $16,119,682 $17,251,303 $18,526,227 10,776,908 12,013,423 12,996,103 14,580,046 16,119,682 17,251,303 18,526,227 $0 $0 $0 $0 $0 $0 $0
$43,553,412 $42,884,033 $49,210,706 $50,091,731 $53,975,164 $56,737,788 $64,498,250

24.74% 28.01% 26.41% 29.11% 29.86% 30.41% 28.72%
6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 105
Measurement Date 6/30/2014 6/30/2015 6/30/2016
Total Pension Liability
Service Cost $4,037,733 $3,887,900 $4,145,914
Interest 17,319,964 18,049,868 19,111,623
Differences between expected and actual experience 763,164 5,499,415 Chang
es of assumptions (4,308,430)
Changes in benefits
Benefit payments, including refunds of employee contributions (12,054,664) (13,394,096) (13,979,969) Net change in total pension liability 9,303,033 4,998,406 14,776,983 Total pension liability - beginning 234,941,316 244,244,349 249,242,755 Total pension liability - ending (a) $244,244,349 $249,242,755 $264,019,738 Plan fiduciary net position
Contributions - employer $4,128,191 $4,969,514 $5,795,308 Contributions - employee 2,212,037 2,383,255 2,527,042 Net investment income 26,481,168 3,918,637 802,917 Benefit
payments, including refunds of employee contributions (12,054,664) (13,394,096) (13,979,969) Plan to plan resource movement
Administrative expense (193,742) (104,917)
Other miscellaneous income/(expense)
Net change in plan fiduciary net position 20,766,732 (2,316,432) (4,959,619) Plan fiduciary net position - beginning 153,701,396 174,468,128 172,151,696 Plan fiduciary net position - ending (b) $174,468,128 $172,151,696 $167,192,077 Net pension liability - ending (a)-(b) $69,776,221 $77,091,059 $96,827,661 Plan fiduciary net position as a percentage of the total pension liability 71.43% 69.07% 63.33% Covered payroll $14,894,224 $15,304,881 $15,425,723
Net pension liability as percentage of covered payroll 468.48% 503.70% 627.70% Notes to Schedule:

Source: CalPERS Accounting Valuation - GASB 68
Benefit changes. The figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes in assumptions. In 2017, the accounting discount rate reduced from 7.65% to 7.15%. In 2016, 2018, 2019, 2020 and 2021, there were no changes. In 2022, the accoun ting discount rate reduced from 7.15% to 6.90%. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5% (net of administrative expense) to 7.65% (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5% discount rate.

CITY OF HAYWARD

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Safety - Fire Plan - Agent Multiple-Employer Defined Pension Plan Last 10 Years
106
6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 $5,098,972 $4,895,549 $5,286,457 $5,558,671 $5,407,873 $5,827,305 $6,220,274 19,657,506 20,408,514 21,091,439 22,013,653 22,482,175 22,663,052 23,431,081 (324,662) 2,612,499 270,193 3,298,871 (3,440,760) (6,319,906) 686,568 16,122,983 (1,401,429) 10,219,002
104,390
(14,874,772) (15,849,714) (16,586,918) (17,242,575) (17,764,280) (18,205,377) (18,488,522) 25,680,027 10,665,419 10,061,171 13,628,620 6,685,008 14,184,076 11,953,791 264,019,738 289,699,765 300,365,184 310,426,355 324,054,975 330,739,983 344,924,059 $289,699,765 $300,365,184 $310,426,355 $324,054,975 $330,739,983 $344,924,059 $356,877,850 $6,378,762 $6,646,548 $8,015 ,957 $9,191,715 $10,135,78 7 $11,490,694 $12,364,688 2,544,269 2,516,137 3,093,507 2,851,797 2,828,307 2,983,463 3,358,508 18,488,612 15,036,869 12,184,975 9,590,927 44,584,546 (18,111,315) 13,343,902 (14,874,772) (15,849,714) (16,586,918) (17,242,575) (17,764,280) (18,205,377) (18,488,522) (437)
(246,848) (
279,683) (133,462) (272,922) (197,504) (147,824) (158,329) (531,122) 437
12,290,023 7,538,598 6,574,496 4,118,942 39,586,856 (21,990,359) 10,420,247 167,192,077 179,482,100 187,020,698 193,595,194 197,714,136 237,300,992 215,310,633 $179,482,100 $187,020,698
$193,595,194 $197,714,136 $237,300,992 $215,310,633 $225,730,880 $110,217,665 $113,344,486 $116,831,161 $126,3 40,839 $93,438,991 $129,613,426 $131,146,970

61.95% 62.26% 62.36% 61.01% 71.75% 62.42% 63.25%
$16,579,674 $17,977,548 $19,202,305 $18,986,921 $18,899,737 $19,620,173 $22,375,094 664.78% 630.48% 608.42% 665.41% 494.39% 660.61% 586.13% 107
Fiscal Year Ended June 30 2015 2016 2017
Actuarially determined contribution $4,879,642 $5,789,172 $6,383,503 4,879,642 5,789,172 6,383,503
Contribution deficiency (excess) $0 $0 $0
Covered payroll $15,304,881 $15,425, 723 $16,579,674
Contributions as a percentage of covered payroll 31.88% 37.53% 38.50% Notes to Schedule
Valuation date: 6/30/2013 6/30/2014 6/30/2015
Methods and assumptions used to determine contribution rates:

Actuarial cost method Entr y age
Amortization method Level percenta ge of payroll
Remaining amortization period 15 Years as of the Valuation Date Asset valuation method 15 Year Smoothed Market
Inflation
Salary increases
Investment rate of return
Retirement age
Mortality
Source: City of Hayward's general ledger and CalPERS Actuarial Valuation

CITY OF HAYWARD

SCHEDULE OF CONTRIBUTIONS
Safety - Fire Plan - Agent Multiple-Employer Defined Pension Plan Last 10 Years
The probabilities of mortality are based on the CalPERS Experience Study. Pre-retirement and Post-retirement mortality rates include 20 years of projected mortality improvement using Scale BB published by the Society of Actuaries for 2015 to 2018. For 2019, 2020, 2021 and 2022, 2023, and 2024, pre- retirement and post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP- 2016 published by the Society of Actuaries.

Contributions in relation to the actuarially determined contributions Varies by Entry Age and Service

7.50% for 2015 to 2018, 7.375% for 2019, 7.25% for 2020,

7.00% for 2021 and 2022, and 7.00% for 2023 and 2024, net of pension plan investment expense, including inflation.

The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

2.75% for 2015 to 2019, 2.625% for 2020, 2.50% for 2021 and 2022, and 2.30% for 2023, and 2.5% for 2024.
108
2018 2019 2020 2021 2022 2023 2024
$6,646,548 $8,015,966 $9,197,653 $10,135, 787 $11,490,694 $12,364,514 $12,033,861 6,646,548 8,015,966 9,197,653 10,135,787 11,490,694 12,364,514 12,033,861 $0 $0 $0 $0 $0 $0 $0
$17,977,548 $19,202,305 $18,986,921 $18,899,737 $19,620,173 $22,375,094 $28,721,363

36.97% 41.74% 48.44% 53.63% 58.57% 55.26% 41.90%
6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 109
Measuremen
t Date 6/30/2014 6/30/2015 6/30/2016
Total Pension Liability
Service Cost $6,810,663 $6,454,659 $6,807,555
Interest 22,705,717 23,663,122 25,023,071
Differences between expected and actual experience (823,804) 4,712,282 Changes of assumptions (5,929,992)
Changes in benefits
Benefit payments, including refunds of employee contributions (15,228,912) (16,782,338) (17,676,444) Net change in total pension liability 14,287,468 6,581,647 18,866,464 Total pension liability - beginning 306,952,014 321,239,482 327,821,129 Total pension liability - ending (a) $321,239,482 $327,821,129 $346,687,593 Plan fiduciary net position
Contributions - employer $5,781,918 $7,594,532 $8,594,361 Contributions - employee 3,731,615 3,296,967 3,666,124 Net investment income 32,686,768 4,819,953 1,028,532 Benefit payments, including refunds of employee contributions (15,228,912) (16,782,338) (17,676,444) Net plan to plan resource movement 11,302
Adm
inistrative expense (241,860) (130,972)
Ot
her miscellaneous income/(expense)
Net change in plan fiduciary net position 26,971,389 (1,312,746) (4,507,097) Plan fiduciary net position - beginning 189,244,302 216,215,691 214,902,945 Plan fiduciary net position - ending (b) $216,215,691 $214,902,945 $210,395,848 Net pension liability - ending (a)-(b) $105,023,791 $112,918,184 $136,291,745 Plan fiduciary net position as a percentage of the total pension liability 67.31% 65.55% 60.69% Covered payroll $21,359,362 $22,033,138 $21,649,761
Net pension liability as percentage of covered payroll 491.70% 512.49% 629.53% Notes to Schedule:

Source: CalPERS Accounting Valuation - GASB 68
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 in assumptions. In 2017, the accounting discount rate reduced from 7.65% to 7.15%. In 2016, 2018, 2019, 2020 and 2021, there were no changes. In 2022, the accounting discount rate reduced from 7.15% to 6.90%. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5% (net of administrative expense) to 7.65% (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5% discount rate.

CITY OF HAYWARD

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Safety - Police Plan - Agent Multiple-Employer Defined Pension Plan Last 10 Years
110
6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 $8,055,656 $8,436,727 $7,716,531 $8,079,098 $7,685,977 $8,300,617 $8,285,073 25,738,287 26,651,517 28,039,320 29,217,195 30,543,429 31,411,054 32,947,579 (3,900,767) (1,105,506) 4,860,684 2,096,406 4,592,527 (2,679,143) 7,860,371 21,956,739 (1,587,612) 16,532,003
161,875
(17,590,706) (19,447,095) (20,910,933) (22,208,581) (24,078,504) (24,596,971) (26,318,344) 34,259,209 12,948,031 19,705,602 17,184,118 18,743,429 28,967,560 22,936,554 346,687,593 380,946,802 393,894,833 413,600,435 430,784,553 449,527,982 478,495,542 $380,946,802
$393,894,833 $413,600,435 $430,784,553 $449,527, 982 $478,495,542 $501,432,096 $10,508,222 $10,740,724 $12,243,071 $13,842,327 $14,979,477 $16,166,620 $17,771,966 3,782,992 3,754,299 3,750,089 3,749,712 3,687,755 3,803,625 4,015,333 23,301,215 19,562,389 16,002,505 12,710,839 59,475,902 (24,027,912) 17,929,127 (17,590,706) (19,447,095) (20,910,933) (22,208,581) (24,078,504) (24,596,971) (26,318,344) (567)
(310,635) (358,539) (173,879) (358,879) (262,026) (196,916) (211,234) (680,871) 567
19,691,088 13,570,340 10,911,420 7,735,418 53,802,604 (28,851,554) 13,186,848 210,395,848 230,086,936 243,657,276 254,568,696 262,304,114 316,106,718 287,255,164 $230,086,936
$243,657,276 $254,568,696 $262,304,114 $316,106, 718 $287,255,164 $300,442,012 $150,859,866 $150,237,557 $159,031,739 $168,480,439 $133,421, 264 $191,240,378 $200,990,084

60.40% 61.86% 61.55% 60.89% 70.32% 60.03% 59.92%
$22,884,077 $
24,345,421 $24,912,360 $24,853,675 $24,906,152 $25,146,543 $25,721,568 659.24% 617.11% 638.36% 677.89% 535.70% 760.50% 781.41% 111
Fiscal Year Ended June 30 2015 2016 2017
Actuarially determined contribution $7,487,975 $8,650 ,555 $10,512,716 Contributions in relation to the actuarially
determined contributions 7,487,975 8,650,555 10,512,716 Contribution deficiency (excess) $0 $0 $0
Covered payroll $22,033,138 $21,6 49,761 $22,884,077
Contributions as a percentage of covered payroll 33.99% 39.96% 45.94% Notes to Schedule
Valuation date: 6/30/2013 6/30/2014 6/30/2015
Methods and assumptions used to determine contribution rates:

Actuarial cost method
Amortization method
Remaining amortization period
Asset valuation method
Inflation
Salar
y increases
Investment rate of return
Retirement age
Mortality
Source: City of Hayward's general ledger and CalPERS Actuarial Valuation The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

The probabilities of mortality are based on the CalPERS Experience Study. Pre-retirement and Post-retirement mortality rates include 20 years of projected mortality improvement using Scale BB published by the Society of Actuaries for 2015 to 2018. For 2019, 2020, 2021 and 2022, 2023, and 2024, pre- retirement and post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP- 2016 published by the Society of Actuaries.

Entry age
Level percentage of payroll
15 Years as of the Valuation Date
15 Year Smoothed Market

2.50%
Varies by Entry Age and Service

CITY OF HAYWARD

SCHEDULE OF CONTRIBUTIONS
Safety - Police Plan - Agent Multiple-Employer Defined Pension Plan Last 10 Years

7.50% for 2015 to 2018, 7.375% for 2019, 7.25% for 2020,

7.00% for 2021 and 2022, and 7.00% for 2023 and 2024, net of pension plan investment expense, including inflation.
112

2018 2019 2020 2021 2022 2023 2024
$10,740,724 $12,240,356 $13,839,941 $14,979,710 $16,160,318 $17,688,292 $17,912,004 10,740,724 12,240,356 13,839,941 14,979,710 16,160,318 17,688,292 17,912,004 $0 $0 $0 $0 $0 $0 $0
$24,345,421 $24,912,360 $24,853,675 $24,906,152 $25,146,543 $25,721,568 $27,859,244

44.12% 49.13% 55.69% 60.14% 64.26% 68.77% 64.29%
6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022

113
Measurement Date 6/30/17 6/30/18 6/ 30/19 6/30/20 6/30/ 21 6/30/22 6/30/23 Total OPEB Liability
Service cost $4,646,537 $4,054,275 $4,121,478 $2,213,810 $1,773,630 $2,049,624 $2,111,113 Interest 3,528,286 4,015,577 4,186,619 5,048, 226 5,405,045 5,283,927 5,434,941 Changes in benefit terms (2,940,384)
Differences between expected and actual experience 2,686,781 (2,914,546) (1,950,586) Changes of assumptions (11,390,281) (1, 014,291) (32,786,613) (10,988,323) 8,589,843 4,088,459 Benefit payments (4,263,071) (4,190,672) (4,344, 188) (4,882,802) (4,795,404) (4,888,972) (4,949,836) Net change in total OPEB liability (7,478,529) 2,864,889 (26,135,923) (8,609,089) 8,058,568 2,444,579 1,793,707 Total OPEB liability - beginning 118,316,704 110,838,175 113,703,064 87,567,141 78,958,052 87,016,620 89,461,199 Total OPEB liability - ending (a) $110,838,175 $113,703,064 $87,567,141 $78,958,052 $87,016,620 $89, 461,199 $91,254,906 Plan fiduciary net position
Contributions - employer $4,263,071 $5,190,672 $6,344,188 $7,455,802 $6,795,404 $9,179,251 $8,500,958 Contributions - employee 377,793 (374,055) 368,000 377,606 399,609 Net investment income 396, 755 318,308 455,417 1,012,025 3,350,575 (2,938,354) 1,244,967 Administrative expense (2,014) (2,234) (1,348) (4,528) (4,628) (5,439) (6,395) Other expense (5,491)
Benefit payments (4,263,071) (4,190,672) (4,344, 188) (4,882,802) (4,795,404) (4,888,972) (4,949,836) Net change in plan fiduciary net position 394,741 1,310,583 2,831,862 3,206, 442 5,713,947 1,724,092 5,189,303 Plan fiduciary net position - beginning 3,755,234 4,149,975 5,460,558 8,292,420 11,498,862 17,212,809 18,936,901 Plan fiduciary net position - ending (b) $4,149,975 $5,460,558 $8,292,420 $11,498,862 $17,212,809 $18, 936,901 $24,126,204 Net OPEB liability - ending (a)-(b) $106,688,200 $108,242, 506 $79,274,721 $67,459,190 $69,803 ,811 $70,524,298 $67,128,702 Plan fiduciary net position as a percentage of the total OPEB liability 3.74% 4.80% 9.47 % 14.56% 19.78% 21.17% 26.44% Covered-employee payroll $97,00 7,987 $100,785,694 $104,434,054 $105,982,182 $1 10,872,748 $114,198,930 $119,264,193 Net OPEB liability as a percentage of covered-employee payroll 109.98% 107.40% 75.91% 63.65% 62.96% 61.76% 56.29% Notes to schedule:
* Fiscal year 2018 was the first year of implementation.

Source: GASB 75 Valuation Report
Last 10 fiscal years*

AGENT MULTIPLE EMPLOYER PLAN

SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS

CITY OF HAYWARD
114

Fiscal Year Ended June 30, 2018 2019 2020 2021 2022 2023 2024 Actuarially determined contribution $8,038,027 $8,394 ,467 $7,004,174 $7,190,835 $7, 190,483 $7,230,409 $7,447,062 Contributions in relation to the
actuarially determined contribution 5,190,672 6,374,161 7,455,802 6,795,404 9,179,251 8,450,190 8,737,223 Contribution deficiency (excess) $2,847,355 $2,020,306 ($451,628) $395,431 ($1,988,76 8) ($1,219,781) ($1,290,161) Covered employee payroll $100,785,694 $104,434,054 $105,982,18 2 $110,872,748 $114,198,93 0 $119,264,193 $137,575,367 Contributions as a percentage of
covered payroll 5.15% 6.10% 7.03% 6.13% 8.04% 7.09% 6.35% Notes to Schedule
Valuation Date 6/30/2017 6/30/2017 6/30/2019 6/30/2019 6/30/2021 6/30/2021 6/30/2023 Actuarial Assumptions:

Discount Rate 3.56% 3.62% 6.90% 6.90% 6.10% 6.10% 6.10% Inflation 3.00% 2.75% 2.50% 2.50% 2.50% 2.50% 2.50%
Payroll Growth 3.25% 3.25% 3.00% 3.00% 3.00% 3.00% 3.00% Investment Rate of Return 7.28% 6.90% 6.90% 6.90% 6.10% 6.10% 6.10% Mortality Rate Mortality rates
were the
published
CalPERS rates
(MacLeod Watts
Pre-Retirement Turnover
Healthcare 5% to 6.5% 5% to 7.5% 4% to 5.4% 4% to 5.4% 3.9% to 5.8% 3.9% to 5.8% 3.9% to 5.8% * Fiscal year 2018 was the first year of implementation.

Source: GASB 75 Valuation
Must retire from CalPERS on or after age 65 with at least 10 years of service.

AGENT MULTIPLE EMPLOYER PLAN

SCHEDULE OF CONTRIBUTIONS - OTHER POSTEMPLOYMENT BENEFITS

CITY OF HAYWARD
Mortality rates used were those
published by CalPERS, adjusted to back
out 20 years of Scale BB to central year
2008.

Mortality rates used were the published CalPERS rates, adjusted to back out 15 years of Scale MP 2016 to central year 2015.

Methods and assumptions used to determine contribution rates Last 10 fiscal years*

115
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GENERAL FUND AND SPECIAL REVENUE FUNDS

BUDGET AND ACTUAL SCHEDULES

CITY OF HAYWARD

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Budgeted Amounts Adjusted Budget
Actual Amounts Positive
Adopted * Ad justed * Bud getary Basis* (Negative)
REVENUES:

Property taxes $67,497,969 $67,497,969 $73,406,274 $5,908,305 Sales taxes 68,289,693 68,289,693 75,344,108 7,054,415
Utility users tax 18,000,000 18,000,000 24,453,592 6,453,592 Other taxes 38,865,005 38,865,005 34,580,636 (4,284,369) Licenses and permits 8,894,660 8,965,089 6,131,063 (2,834,026) Fines and forfeitures 2,739,609 2,739,609 2,703,562 (36,047) Investment income 299,880 299,880 1,653,396 1,353,516
Rental income 350,000 350,000 172 (349,828)
Intergovernmental 7,968,954 8,251,354 5,906,061 (2,345,293) Fees and charges for services 4,104,600 4,104,600 5,005,339 900,739 Other revenue 531,500 488,049 3,832,602 3,344,553
Total Revenues 217,541,870 217,851,248 233,016,805 15,165,557 EXPENDITURES:

Current:

General government 17,174,579 21,827,724 19,785,424 2,042,300 Public safety 143,454,536 145,409,062 150,278,179 (4,869,117) Public works and transportation 3,447,778 3,992,215 4,492,101 (499,886) Library and community services 10,295,333 11,682,559 11,772,670 (90,111) Planning and building 10,294,104 11,242,629 9,886,897 1,355,732 Maintenance services 13,242,091 13,570,793 12,363,648 1,207,145 Total Expenditures 197,908,421 207,724,982 208,578,919 (853,937)

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 19,633,449 10,126,266 24,437,886 14,311,620 OTHER FINANCING SOURCES (USES):

Transfers in 4,542,051 9,066,234 7,443,234 (1,623,000)
Transfers (out) (30,372,935) (45,429,446) (31,028,315) 14,401,131 Total Other Financing Sources (Uses) (25,830,884) (36,363,212) (23,585,081) 12,778,131 NET CHANGE IN FUND BALANCE ($6,197,435) ($26,236,946) 852,805 $27,089,751 BEGINNING FUND BALANCE 58,930,311
ENDING FUND BALANCE $59,783,116
* Includes revenue and expenditures related to the City's Measure C District Sales Tax. 118

CITY OF HAYWARD

FEDERAL GRANTS SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Adjusted Budget
Positive
Original Budget Ad justed Budget Actual (Negative)
REVENUES:

Investment income $99,830 $99,830
Intergovernmental $851,526 $2,060,751 819,373 (1,241,378) Other revenue 133,805 133,805
Total Revenues 851,526 2,060,751 1,053,008 (1,007,743)
EXPENDITURES:

Current:

General government 137,500 137,500
Public safety 922,092 188,295 733,797
Library and community services 421,491 1,101,005 60,674 1,040,331 Economic development 154,699 479,233 (324,534)
Planning and building 508,064 1,075,633 172,766 902,867 Total Expenditures 929,555 3,390,929 900,968 2,489,961

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (78,029) (1,330,178) 152,040 1,482,218 OTHER FINANCING SOURCES (USES):

Transfers in 83,069 183,069 (183,069)
Transfers (out) 4,254 (4,561) (4,561)
Total Other Financing Sources (Uses) 4,254 178,508 (4,561) (183,069) NET CHANGE IN FUND BALANCE ($73,775) ($1,151,670) 147,479 $1,299,149 BEGINNING FUND BALANCE 15,785,701
ENDING FUND BALANCE $15,933,180
119

CITY OF HAYWARD

AMERICAN RESCUE PLAN ACT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Adjusted Budget
Positive
Original Budget Final Bud get Actual (Negative)
REVENUES:

Investment income $371,754 $371,754
Intergovernmental 3,847,065 3,847,065
Other revenue 23,203 23,203
Total Revenues 4,242,022 4,242,022
EXPENDITURES:

Current:

General government $1,500,000 $9,396,026 2,078,993 7,317,033 Public works and transportation 621,000 1,972,992 546,088 1,426,904 Maintenance services 910,000 2,036,193 1,616,941 419,252 Total Expenditures 3,031,000 13,405,211 4,242,022 9,163,189

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (3,031,000) (13,405,211) 13,405,211 NET CHANGE IN FUND BALANCE ($3,031,000) ($13,405,211) $13,405,211

BEGINNING FUND BALANCE

ENDING FUND BALANCE
120

SUPPLEMENTAL INFORMATION

CITY OF HAYWARD

HOUSING AUTHORITY CAPITAL PROJECTS FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Adjusted Budget
Positive
Original Budget Final Bud get Actual (Negative)
REVENUES:

Investment income $65,000 $65,000 $179,703 $114,703
Other revenue 25,000 25,000 542 (24,458)
Total Revenues 90,000 90,000 180,245 90,245
EXPENDITURES:

Current:

Economic development 9,850 9,850
Planning and building 176,187 874,017 128,824 745,193
Total Expenditures 176,187 883,867 128,824 755,043

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (86,187) (793,867) 51,421 (845,288) OTHER FINANCING SOURCES (USES):

Transfers (out) (2,693) (3,000) (6,897) (3,897)
Total Other Financing Sources (Uses) (2,693) (3,000) (6,897) (3,897) NET CHANGE IN FUND BALANCE ($88,880) ($793,867) 44,524 $838,391 BEGINNING FUND BALANCE 22,524,614
ENDING FUND BALANCE $22,569,138
122

CITY OF HAYWARD

GENERAL CAPITAL PROJECTS CAPITAL PROJECT FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Adjusted Budget
Positive
Original Budget Final Bud get Actual (Negative)
REVENUES:

Other taxes $1,080,000 $1,080,000 $1,809,022 $729,022
Investment income 774,978 774,978
Inter
governmental 3,303,175 3,586,274 283,099
Other revenue 200,000 204,226 909,452 705,226
Total Revenues 1,280,000 4,587,401 7,079,726 2,492,325
EXPENDITURES:

Current:

Public works and transportation 75,000 82,685 82,685
Capital outlay 27,680,000 74,809,789 24,176,833 50,632,956 Total Expenditures 27,755,000 74,892,474 24,176,833 50,715,641

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (26,475,000) (70,305,073) (17,097,107) 53,207,966 OTHER FINANCING SOURCES (USES):

Transfers in 13,301,440 18,060,048 13,312,440 4,747,608 Total Other Financing Sources (Uses) 13,301,440 18,060,048 13,312,440 4,747,608 NET CHANGE IN FUND BALANCE ($13,173,560) ($52,245,025) (3,784,667) $48,460,358 BEGINNING FUND BALANCE 18,408,611
ENDING FUND BALANCE $14,623,944
123

CITY OF HAYWARD

CERTIFICATES OF PARTICIPATION DEBT SERVICE FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2024
Variance with
Adjusted Budget
Positive
Original Budget Final Bud get Actual (Negative)
REVENUES:

Investment income $3,000 $3,000 $57,260 54,260
Total Revenues 3,000 3,000 57,260 54,260
EXPENDITURES:

Debt service
Principal 5,853,914 5,853,914 54,569,724 (48,715,810)
Interest and fiscal charges 2,132,648 2,132,648 2,028,085 104,563 Total Expenditures 7,986,562 7,986,562 56,597,809 (48,611,247)

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (7,983,562) (7,983,562) (56,540,549) (48,556,987) OTHER FINANCING SOURCES (USES):

Proceeds from debt issuance 41,117,569 (41,117,569)
Transfers in 8,131,003 7,986,262 7,981,362 4,900
Total Other Financing Sources (Uses) 8,131,003 7,986,262 49,098,931 (41,112,669) NET CHANGE IN FUND BALANCE $147,441 $2,700 (7,441,618) ($7,444,318) BEGINNING FUND BALANCE 7,259,953
ENDING FUND BALANCE ($181,665)
124

COMBINING GENERAL FUND SCHEDULES

General Measure C District
Purpose Sales Tax Total
ASSETS:

Cash, cash equivalents, and investments $22,883,959 $13,258,436 $36,142,395 Accounts receivable, net 13,032,563 5,424 13,037,987
Due from other governments 11,765,209 4,021,268 15,786,477 Interest receivable 17,817 17,817
Due from other funds 6,271,690 6,271,690
Long-term loans receivable 8,600,000 8,600,000
Long-term loans to the Private Purpose Trust Fund 2,036,442 2,036,442 Deposits, parts, supplies and other 3,126 3,126
Total Assets $64,610,806 $17,285,128 $81,895,934
LIABILITIES:

Accounts payable $2,674,649 $21,261 $2,695,910
Accrued liabilities 826,877 826,877
Long-term interfund payables 2,777,361 2,777,361
Refundable deposits 15,812,670 15,812,670
Total Liabilities 22,091,557 21,261 22,112,818
FUND BALANCES:

Nonspendable 10,639,568 10,639,568
Assigned 256,170 17,263,867 17,520,037
Unassigned 31,623,511 31,623,511
Total Fund Balances 42,519,249 17,263,867 59,783,116
Total Liabilities and Fund Balances $64,610,806 $17,285,128 $81,895,934 General Fund

CITY OF HAYWARD

GENERAL FUND

COMBINING BALANCE SHEETS
JUNE 30, 2024
126

CITY OF HAYWARD

GENERAL FUND

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 2024
General Measure C Distric t
Fund Sales Tax Total
REVENUES:

Property taxes $73,406,274 $73,406,274
Sales taxes 53,034,329 $22,309,779 75,344,108
Utility users tax 24,453,592 24,453,592
Other taxes 34,580,636 34,580,636
Licenses and permits 6,131,063 6,131,063
Fines and forfeitures 2,703,562 2,703,562
Investment income 935,991 717,405 1,653,396
Rental income 172 172
Intergovernmental 5,906,061 5,906,061
Fees and charges for services 5,005,339 5,005,339
Other revenue 3,832,602 3,832,602
Total Revenues 209,989,621 23,027,184 233,016,805
EXPENDITURES:

Current:

General government 19,256,260 529,164 19,785,424
Public safety 146,824,321 3,453,858 150,278,179
Public works and transportation 4,492,101 4,492,101
Library and community services 11,772,670 11,772,670
Planning and building 9,886,897 9,886,897
Maintenance services 10,583,163 1,780,485 12,363,648
Total Expenditures 202,815,412 5,763,507 208,578,919

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 7,174,209 17,263,677 24,437,886 OTHER FINANCING SOURCES (USES):

Transfers in 7,443,234 7,443,234
Transfers (out) (14,395,974) (16,632,341) (31,028,315)
Total Other Financing Sources (Uses) (6,952,740) (16,632,341) (23,585,081) CHANGE IN FUND BALANCES 221,469 631,336 852,805
BEGINNING FUND BALANCES 42,297,780 16,632,531 58,930,311 ENDING FUND BALANCES $42,519,249 $17,263,867 $59,783,116 General Fund
127
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NON-MAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS

Special Gasoline Tax Fund – Accounts for revenue apportioned to the City from State collected gasoline taxes and expended for construction and maintenance of City streets.

Community Development Block Grant Program Fund – Accounts for monies received from the U.S.

Department of Housing and Urban Development (“HUD”) and expended for development of jobs and suitable housing for low-income residents.

Housing Mortgage Revenue Bonds Fund – Accounts for fees paid by benefited developers of multifamily rental housing and used to reimburse City cost relate d to bond issuance and program monitoring.

Park Dedication Ordinance Fund – Accounts for park dedication f ees applied to new construction and expended for acquisition of recreational land and construction of recreational facilities.

Business Improvement Fund – Accounts for fees imposed on businesses within the downtown business improvement district and expended on activ ities, which enhance the district as a shopping and business center.

Donation Fund – Accounts for miscellaneous donations expe nded for purposes ag reed upon by the City and the donors.

Recycling Fund – Accounts for revenue received from Coun ty Measure D funds an d grants used to support the City’s recycling program.

Narcotics Asset Seizure Fund – Accounts for funds received pursuant to federal and State narcotic and seizure laws used to support identified law enforcement activities.

Park Maintenance District Fund – Accounts for revenues from annual assessments of developers’ proportionate shares of the City’s costs for park ma intenance in the areas of the developers’ projects and accounts for the actual park maintenance costs.

Measure B Local Streets and Roads – Accounts for proceeds of an additional one-half cent sales tax to be used to improve, repair and overlay city streets.

Measure B Pedestrian Fund – Accounts for revenue apportioned to the City from locally collected retail sales taxes and expended for pedestrian projects.

Measure B Paratransit Fund – Accounts for the provision of taxi and van transportation for the elderly and the handicapped.

Measure BB Fund – Supports local road improvement and repa ir projects, traffic congestion relief projects, local transportation te chnology projects, and pedestrian and bicyclist access and safety projects. Accounts for the provision of taxi and van transportation for th e elderly and handicapped.

An additional 1% sales tax is collected to support this program.

129

NON-MAJOR GOVERNMENTAL FUNDS (Continued)

Measure F Fund – Alameda County Vehicle Registration Fee was approved in November 2010. $10 per year vehicle registration fee collection suppor ts local road improvement and repair projects, traffic congestion relief projects, local transportation technology projects, and pedestrian and bicyclist access and safety projects.

Local Grants Fund – Accounts for grants not originating from the Federal Government and State of California.

RRAA (SB1) Fund – Accounts for revenue appropriated to the City from State of California collected gas taxes and expended for road maintenance and rehabilitation.

Rental Housing Program Fund – Accounts for transactions related to residential rent stabilization and tenant protection ordinance to mitigate displacement of Hayward residents.

Affordable Housing Fund – Accounts for transactions related to affordable housing in-lieu fees to be used for the supply of housing a ffordable to moderate-, low-, very low-, or extremely low-income households.

Local Housing Trust Program Fund – Accounts for transactions related to the local housing trust fund program to provide matching funds to local and regional hous ing trust funds dedicated to the creation, rehabilitation, or preservation of affo rdable housing, transitional housing and emergency shelters.

Traffic Impact Fee Loan Fund – Accounts for transactions related to the collection of a traffic impact fee paid by new developments to help mitigate cumulative transportation impacts of development growth.

CAPITAL PROJECTS FUNDS

Route 238 Corridor Improvement Fund – Accounts for various roadway improvements along Foothill Boulevard and Mission Boulevard between northern city limits and Industrial Parkway including a downtown one way loop street system, peak hour tr affic lanes, pedestrian and bicycle improvements, and landscaping enhancements.

Traffic Signal Construction Fund – Accounts for traffic signal fees pa id by developers of residential housing and expended for installation of traffic signal equipment.

Performance Deposits Fund – Accounts for deposits belong to developer which will go through the entitle process for eligible expenses. Once the project s are completed, the City will either refund or bill developers for the difference.

130
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SPECIAL REVENUE FUNDS
Special
Gasoline Tax
Community
Development
Block Grant
Program
Housing
Mortgage
Revenue Bonds
Park Dedication
Ordinance
ASSETS:

Cash, cash equivalents, and investments $880,073 $729,773 $19,922,624 Accounts receivable, net
Due from other governments 798,727
Interest receivable 390 290 17
Loans receivable $4,961,599 148,188
Land held for resale
Total Assets $1,679,190 $4,961,599 $878,251 $19,922,641 LIABILITIES:

Accounts payable $8,521 $503,117 $1,885
Accrued liabilities 5,204
Due to other funds 173,638
Unearned revenue
Refundable de
posits
Total Liabilities 8,521 681,959 1,885
DEFERRED INFLOWS OF RESOURCES:

Unavailable revenue
Total Deferred Inflows of Resources
FUND BALANCES:

Restricted:

Public safety
Public works and transportation 1,670,669
Planning and building $19,922,641
Economic development 4,279,640 876,366
Debt service
Unassigned
Total Fund Balances 1,670,669 4,279,640 876,366 19,922,641 Total Liabilities, Deferred Inflows of Resources
and Fund Balances $1,679,190 $4,961,599 $878,251 $19,922,641

CITY OF HAYWARD

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2024
132
Business
Improvement Donation Rec ycling
Narcotics Asset
Seizure
Park Maintenance
District
Measure B Local
Streets and Roads
$48,564 $999,495 $12,344,745 $625,570 $5,005,749 $1,083,595 935 4,000
18,509 8,351
52,037 91,069 258 2,063 369
229,195
$49,499 $1,055,532 $12,683,518 $625,828 $5,016,163 $1,083,964 $34,326 $200,797 $106,499 $4,360
352
4,000 175,564 $52,058
38,678 376,361 52,058 106,499 4,360
$936
936
573,770
12,307,157 1,079,604
48,563 1,016,854 4,909,664
48,563 1,016,854 12,307,157 573,770 4,909,664 1,079,604 $49,499 $1,055,532 $12,683,518 $625,828 $5,016,163 $1,083,964 (Continued)

SPECIAL REVENUE FUNDS
133

CITY OF HAYWARD

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2024

SPECIAL REVENUE FUNDS
Measure B
Pedestrian
Measure B
Paratransit Measure BB Measure F
ASSETS:

Cash, cash equivalents, and investments $817,728 $125,382 $16,304,352 $574,376 Accounts receivable, net
Due from other governments 1,482,855 123,216
Interest receivable 337 58 5,503 237
Loans receivable
Land held for resale
Total Assets
$818,065 $125,440 $17,792,710 $697,829
LIABILITIES:

Accounts payable $251,008 $125,440 $194,892
Accrued liabilities 1,192
Due to other funds
Unearned revenue
Refundable de
posits
Total Liabilities 252,200 125,440 194,892
DEFERRED INFLOWS OF RESOURCES:

Unavailable revenue
Total Deferred Inflows of Resources
FUND BALANCES:

Restricted:

Public safety
Public works and transportation 565,865 17,597,818 $697,829 Planning and building
Economic development
Debt service
Unassigned
Total Fund Balances 565,865 17,597,818 697,829
Total Liabilities, Deferred Inflows of Resources
and Fund Balances $818,065 $125,440 $17,792,710 $697,829 134

SPECIAL REVENUE FUNDS
Local Grants RRAA (SB1)
Rental Housing
Program
Affordable
Housing
Local Housing
Trust Program
Traffic Impact Fee
Loan
$4,962,050 $278,208 $5,284,392 $649,430
$12,000 449,052
45,381
1,904 112 2,175
7,598,057 537,000
$57,381 $4,963,954 $727,372 $12,884,624 $1,186,430
$52,269 $52,530 $2,866
62,678
449,052
114,947 501,582 2,866
$4,963,954
225,790 12 ,881,758 $1,186,430
(57,566)
(57,566) 4,963,954 225,790 12,881,758 1,186,430
$57,381 $4,963,954 $727,372 $12,884,624 $1,186,430
(Continued)
135
Route 238
Corridor
Improvement
Traffic Signal
Construction
Performance
Deposits
Total Nonmajor
Governmental
Funds
ASSETS:

Cash, cash equivalents, and investments $577,147 $348,582 $71,561,835 Accounts receivable, net $117,861 583,848
Due from other governments 30,052 2,542 2,509,633
Interest receivable 3,416 237 144 160,616
Loans receivable 13,474,039
Land held for resale 6,131,113 6,131,113
Total Assets $6,282,442 $579,926 $348,726 $94,421,084
LIABILITIES:

Accounts payable $1,395,591 $262,198 $3,196,299
Accrued liabilities $2,572 9,320
Due to other funds 5,761,938 5,998,254
Unearned revenue 680,674
Refundable deposits 31,885 306,249 338,134
Total Liabilities 7,189,414 262,198 308,821 10,222,681
DEFERRED INFLOWS OF RESOURCES:

Unavailable revenue 117,861 118,797
Total Deferred Inflows of Resources 117,861 118,797
FUND BALANCES:

Restricted:

Public safety 573,770
Public works and transportation 317,728 39,905 39,240,529 Planning and building 25,897,722
Economic development 19,449,984
Debt service
Unassigned (1,024,833) (1,082,399)
Total Fund Balances (1,024,833) 317,728 39,905 84,079,606 Total Liabilities, Deferred Inflows of Resources
and Fund Balances $6,282,442 $579,926 $348,726 $94,421,084 JUNE 30, 2024

COMBINING BALANCE SHEETS

NON-MAJOR GOVERNMENTAL FUNDS

CITY OF HAYWARD

CAPITAL PROJECTS FUNDS
136
This Page Left Intentionally Blank

Special
Gasoline Tax
Community
Development
Block Grant
Program
Housing
Mortgage
Revenue
Bonds
Park Dedication
Ordinance
REVENUES:

Other taxes
Special assessments
Investment income $73,519 $66,853 $13,297 $1,187
Rental income
Inter
governmental 4,442,443 1,618,621 52,869
Fines and forfeitures
Fees and char
ges for services
Other revenue 181,496 440,000 521,905 1,193,597
Total Revenues 4,697,458 2,125,474 588,071 1,194,784
EXPENDITURES:

Current:

Public safety
Public works and transportation 1,457,415 2,597,090 78
Library and community services 3,004
Economic development 50,000 (243)
Maintenance services 46,885
Planning and building 74,956
Capital outlay 3,103,854
Debt service:

Principal
Interest and fiscal charges
Total Expenditures 4,608,154 2,650,094 74,791

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 89,304 (524,620) 513,280 1,194,784

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 15,000
Transfers
(out) (1,342,226) (22,000) (24,085)
Total Other Financing Sources (Uses) (1,327,226) (22,000) (24,085) NET CHANGE IN FUND BALANCES (1,237,922) (546,620) 489,195 1,194,784 BEGINNING FUND BALANCES 2,908,591 4,826,260 387,171 18,727,857 ENDING FUND BALANCES (DEFICITS) $1,670,669 $4,279,640 $876,366 $19,922,641

SPECIAL REVENUE FUNDS

CITY OF HAYWARD

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2024
138

SPECIAL REVENUE FUNDS
Business
Improvement Donation Rec ycling
Narcotics Asset
Seizure
Park Maintenance
District
Measure B Local
Streets and Roads
$693,139
$1,654,366
$1,987 $32,088 358,609 $19,113 145,723 $37,742
4,958,256
18,269
270,451
1,987 302,539 6,010,004 37,382 1,800,089 37,742
157,998
126,315 1,039,239
1,658,330
1,196,556
434,855
284,313 2,697,569 1,196,556 434,855
1,987 18,226 3,312,435 37,382 603,533 (397,113)
(437,033)
(437,033)
1,987 18,226 2,875,402 37,382 603,533 (397,113)
46,576 998,628 9,431,755 536,388 4,306,131 1,476,717
$48,563 $1,016,854 $12,307,157 $573,770 $4,909,664 $1,079,604 (Continued)
139

CITY OF HAYWARD

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2024

SPECIAL REVENUE FUNDS
Measure B
Pedestrian
Measure B
Paratransit Measure BB Measure F
REVENUES:

Other taxes
Special assessments
Investment income $29,004 $943 $410,348 $15,326
Rental income
Inter
governmental 8,787,663 733,941
Fines and forfeitures
Fees and char
ges for services
Other revenue
Total Revenues 29,004 943 9,198,011 749,267
EXPENDITURES:

Current:

Public safety
Public works and transportation 4,360,696 25,000
Library and community services 23,320
Economic development
Maintenance services
Plannin
g and building
Capital outlay 378,112 4,696,352 722,661
Debt service:

Principal
Interest and fiscal charges
Total Expenditures 378,112 23,320 9,057,048 747,661

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (349,108) (22,377) 140,963 1,606

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 350,226
Transfers
(out) (96,388)
Total Other Financing Sources (Uses) (96,388) 350,226
NET CHANGE IN FUND BALANCES (349,108) (118,765) 491,189 1,606 BEGINNING FUND BALANCES 914,973 118,765 17,106,629 696,223 ENDING FUND BALANCES (DEFICITS) $565,865 $17,597,818 $697,829 140

SPECIAL REVENUE FUNDS
Local Grants RRAA (SB1)
Rental Housing
Program
Affordable
Housing
Local Housing
Trust Program
Traffic Impact
Fee Loan
$834 $110,960 $8,616 $161,861
791,217
548,867 4,147,990
25,000 294 489,948
574,701 4,258,950 800,127 651,809
752,101
(243) 3,652
653,544 546,162 $24,096
3,350,000
752,101 3,350,000 653,301 549,814 24,096
(177,400) 908,950 146,826 101,995 (24,096)
(24,995) (6,418)
(24,995) (6,418)
(177,400) 908,950 121,831 95,577 (24,096)
119,834 4,055,004 103,959 12,786,181 1,210,526
($57,566) $4,963,954 $225,790 $12,881,758 $1,186,430
(Continued)
141

CAPITAL PROJECTS FUNDS
Route 238
Corridor
Improvement
Traffic Signal
Construction
Performance
Deposits
Total Nonmajor
Governmental
Funds
REVENUES:

Other taxes $693,139
Special assessments 1,654,366
Investment income $260,210 $12,102 $10,808 1,771,130
Rental income 46,168 837,385
Inter
governmental 239,997 25,530,647
Fines and forfeitures 18,269
Fees and charges for services
Other revenue 3,315,318 6,438,009
Total Revenues 3,621,696 252,099 10,808 36,942,945
EXPENDITURES:

Current:

Public safety 910,099
Public works and transportation 9,605,833
Library and community services 1,684,654
Economic development 53,166
Maintenance services 1,243,441
Planning and building 1,298,758
Capital outlay 8,870,731 1,271,662 22,828,227
Debt service:

Principal
Interest and fiscal charges
Total Expenditures 8,870,731 1,271,662 37,624,178

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (5,249,035) (1,019,563) 10,808 (681,233)

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 500,000 865,226
Transfers
(out) (1,953,145)
Total Other Financing Sources (Uses) 500,000 (1,087,919) NET CHANGE IN FUND BALANCES (5,249,035) (519,563) 10,808 (1,769,152) BEGINNING FUND BALANCES 4,224,202 837,291 29,097 85,848,758 ENDING FUND BALANCES (DEFICITS) ($1,024,833) $317,728 $39,905 $84,079,606

CITY OF HAYWARD

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2024
142
This Page Left Intentionally Blank

CITY OF HAYWARD

BUDGETED NON-MAJOR FUNDS

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Special Gasoline Tax Communit y Development Block Grant Program Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
REVENUES:

Other taxes
Special assessments
Investment income $73,519 $73,519 $66,853 $66,853
Rental income
Inter
governmental $390,000 4,442,443 4,052,443 $1,527,801 1,618,621 90,820 Fees and charges for services
Other revenue 181,496 181,496 504,877 440,000 (64,877)
Total Revenues 390,000 4,697,458 4,307,458 2,032,678 2,125,474 92,796 EXPENDITURES:

Current:

Public safety
Public works and transportation 1,457,415 (1,457,415) 4,420,264 2,597,090 1,823,174 Library and community services 3,004 (3,004)
Economic development 83,758 50,000 33,758
Maintenance services 53,477 46,885 6,592
Plannin
g and building
Capital outlay 6,302,677 3,103,854 3,198,823
Debt service
Principal
Interest and fiscal char
ges
Total Expenditures 6,356,154 4,608,154 1,748,000 4,504,022 2,650,094 1,853,928

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (5,966,154) 89,304 6,055,458 (2,471,344) (524,620) 1,946,724

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 196,496 15,000 (181,496) 100,000 (100,000) Transfers (out) (1,342,226) (1,342,226) (22,000) (22,000) Total Other Financin
g Sources (Uses) (1,145,730) (1,327,226) (181,496) 78,000 (22,000) (100,000) NET CHANGE IN FUND BALANCES ($7,111,884) (1,237,922) $5,873,962 ($2,393,344) (546,620) $1,846,724 BEGINNING FUND BALANCES 2,908,591 4,826,260
ENDING FUND BALANCES (DEFICITS) $1,670,669 $4,279,640

SPECIAL REVENUE FUNDS
144
Housing Mortgage Revenue Bonds Park Dedication Ordinance Business Improvement Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
$5,500 $13,297 $7,797 $1,187 $1,187 $1,987 $1,987
52,869 52,869
521,905 521,905 $2,235,906 1,193,597 (1,042,309)
5,500 588,071 582,571 2,235,906 1,194,784 (1,041,122) 1,987 1,987 78 78
9,850 (243) 10,093
124,061 74,956 49,105
133,989 74,791 59,198
(128,489) 513,280 641,769 2,235,906 1,194,784 (1,041,122) 1,987 1,987 (10,611) (24,085) (13,474)
(10,611) (24,085) (13,474)
($139,100) 489,195 $628,295 $2,235,906 1,194,784 ($1,041,122) 1,987 $1,987 387,171 18,727,857 46,576
$876,366 $19,922,641 $48,563
(Continued)

SPECIAL REVENUE FUNDS
145

CITY OF HAYWARD

BUDGETED NON-MAJOR FUNDS

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
REVENUES:

Other taxes $693,069 $693,139 $70
Special assessments
Investment income $32,088 $32,088 4,000 358,609 354,609 Rental income
Inter
governmental 751,141 4,958,256 4,207,115
Fees and charges for services
Other revenue $363,618 270,451 (93,167)
Total Revenues 363,618 302,539 (61,079) 1,448,210 6,010,004 4,561,794 EXPENDITURES:

Current:

Public safety 415,812 157,998 257,814
Public works and transportation 576,988 126,315 450,673 1,477,744 1,039,239 438,505 Librar
y and community services 7,836,921 1,658,330 6,178,591
Economic development
Maintenance services
Plannin
g and building
Capital outlay
Debt service
Principal
Interest and fiscal char
ges
Total Expenditures 992,800 284,313 708,487 9,314,665 2,697,569 6,617,096

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (629,182) 18,226 647,408 (7,866,455) 3,312,435 11,178,890

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 83,069 (83,069)
Transfers (out) (520,102) (437,033) 83,069
Total Other Financin
g Sources (Uses) (437,033) (437,033)
NET CHANGE IN FUND BALANCES ($629,182) 18,226 $647,408 ($8,303,488) 2,875,402 $11,178,890 BEGINNING FUND BALANCES 998,628 9,431,755
ENDING FUND BALANCES (DEFICITS) $1,016,854 $12,307,157
Donation Recycling

SPECIAL REVENUE FUNDS
146
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
$1,554,837 $1,654,366 $99,529
$19,113 $19,113 20,427 145,723 125,296 $37,742 $37,742
18,269 18,269
37,382 37,382 1,575,264 1,800,089 224,825 37,742 37,742 2,674,904 1,196,556 1,478,348
$1,438,152 434,855 1,003,297
2,674,904 1,196,556 1,478,348 1,438,152 434,855 1,003,297 37,382 37,382 (1,099,640) 603,533 1,703,173 (1,438,152) (397,113) 1,041,039 37,382 $37,382 ($1,099,640) 603,533 $1,703,173 ($1,438,152) (397,113) $1,041,039 536,388 4,306,131 1,476,717
$573,770 $4,909,664 $1,079,604
(Continued)
Park Maintenance DistrictNarcotics Asset Seizure Measure B Local Streets and Roads

SPECIAL REVENUE FUNDS
147

CITY OF HAYWARD

BUDGETED NON-MAJOR FUNDS

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Measure B Paratransit
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
REVENUES:

Other taxes
Special assessments
Investment income $29,004 $29,004 $943 $943
Rental income
Inter
governmental
Fees and charges for services
Other revenue
Total Revenues 29,004 29,004 943 943
EXPENDITURES:

Current:

Public safety
Public works and transportation
Librar
y and community services $1,648,143 23,320 1,624,823
Economic development
Maintenance services
Plannin
g and building
Capital outlay $861,841 378,112 483,729
Debt service
Principal
Interest and fiscal char
ges
Total Expenditures 861,841 378,112 483,729 1,648,143 23,320 1,624,823

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (861,841) (349,108) 512,733 (1,648,143) (22,377) 1,625,766

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in
Transfers (out) (96,388) (96,388)
Total Other Financin
g Sources (Uses) (96,388) (96,388)
NET CHANGE IN FUND BALANCES ($861,841) (349,108) $512,733 ($1,744,531) (118,765) $1,625,766 BEGINNING FUND BALANCES 914,973 118,765
ENDING FUND BALANCES (DEFICITS) $565,865
Measure B Pedestrian

SPECIAL REVENUE FUNDS
148

Measure BB Measure F Local Grants
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
$410,348 $410,348 $15,326 $15,326 $834 $834
$2,079,130 8,787,663 6,708,533 733,941 733,941 $2,157,370 548,867 (1,608,503) 25,000 25,000
2,079,130 9,198,011 7,118,881 749,267 749,267 2,182,370 574,701 (1,607,669) 2,828,259 752,101 2,076,158
4,161,926 3,542,199 619,727 $25,034 25,000 34
1,515,000 818,497 696,503
14,842,427 4,696,352 10,146,075 1,630,869 722,661 908,208 20,519,353 9,057,048 11,462,305 1,655,903 747,661 908,242 2,828,259 752,101 2,076,158 (18,440,223) 140,963 (18,299,260) (1,655,903) 1,606 1,657,509 (645,889) (177,400) 468,489 350,226 350,226
(100,000) 100,000
350,226 350,226 (100,000) 100,000
($18,089,997) 491,189 $18,581,186 ($1,655,903) 1,606 $1,657,509 ($745,889) (177,400) $568,489 17,106,629 696,223 119,834
$17,597,818 $697,829 ($57,566)
(Continued)

SPECIAL REVENUE FUNDS
149

CITY OF HAYWARD

BUDGETED NON-MAJOR FUNDS

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

SPECIAL REVENUE FUNDS
RRAA (SB1)
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
REVENUES:

Other taxes
Special assessments
Investment income $110,960 $110,960 $8,616 $8,616
Rental income 791,217 791,217
Inter
governmental 4,147,990 4,147,990
Fees and charges for services
Other revenue 294 294
Total Revenues 4,258,950 4,258,950 800,127 800,127
EXPENDITURES:

Current:

Public safety
Public works and transportation
Librar
y and community services
Economic development (243) 243
Maintenance services
Plannin
g and building $966,069 653,544
Capital outlay $7,350,000 3,350,000 4,000,000
Debt Service
Principal
Interest and fiscal char
ges
Total Expenditures 7,350,000 3,350,000 4,000,000 966,069 653,301 243

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (7,350,000) 908,950 8,258,950 (966,069) 146,826 1,112,895

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers (out) (24,995) (24,995)
Total Other Financin
g Sources (Uses) (24,995) (24,995)
NET CHANGE IN FUND BALANCES ($7,350,000) 908,950 $8,258,950 ($991,064) 121,831 $1,112,895 BEGINNING FUND BALANCES 4,055,004 103,959
ENDING FUND BALANCES (DEFICITS) $4,963,954 $225,790
Rental Housing Program
150
Adjusted
Budget
Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
$24,000 $161,861 $137,861
$2,784,380 ($2,784,380)
250,000 489,948 239,948
274,000 651,809 377,809 2,784,380 (2,784,380)
3,652 3,652
2,810,094 546,162 3,286,030 24,096
2,813,746 549,814 3,286,030 24,096
(2,539,746) 101,995 2,641,741 (501,650) (24,096) 477,554 (6,418) (6,418)
(6,418) (6,418)
($2,546,164) 95,577 $2,641,741 ($501,650) (24,096) $477,554 12,786,181 1,210,526
$12,881,758 $1,186,430
(Continued)
Affordable Housing Local Housing Trust Program Traffic Impact Fee Loan

SPECIAL REVENUE FUNDS
151
Traffic Signal Construction
Adjusted
Budget Actual
Variance
Positive
(Negative)
Adjusted
Budget Actual
Variance
Positive
(Negative)
REVENUES:

Other taxes
Special assessments
Investment income $260,210 $260,210 $12,102 $12,102
Rental income 46,168 46,168
Inter
governmental 239,997 239,997
Fees and charges for services
Other revenue 3,315,318 3,315,318
Total Revenues 3,621,696 3,621,696 252,099 252,099
EXPENDITURES:

Current:

Public safety
Public works and transportation
Librar
y and community services
Economic development
Maintenance services
Plannin
g and building
Capital outlay $25,723,165 8,870,731 16,852,434 $3,120,752 1,271,662 1,849,090 Debt Service
Principal
Interest and fiscal char
ges
Total Expenditures 25,723,165 8,870,731 16,852,434 3,120,752 1,271,662 1,849,090

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (25,723,165) (5,249,035) 20,474,130 (3,120,752) (1,019,563) 2,101,189

OTHER FINANCING SOURCES (USES)
Proceeds from debt issuance
Transfers in 500,000 500,000
Transfers (out)
Total Other Financin
g Sources (Uses) 500,000 500,000
NET CHANGE IN FUND BALANCES ($25,723,165) (5,249,035) $20,474,130 ($2,620,752) (519,563) $2,101,189 BEGINNING FUND BALANCES 4,224,202 837,291
ENDING FUND BALANCES (DEFICITS) ($1,024,833) $317,728
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

BUDGET AND ACTUAL

AND CHANGES IN FUND BALANCES

COMBINING SCHEDULES OF REVENUES, EXPENDITURES

BUDGETED NON-MAJOR FUNDS

CITY OF HAYWARD
Route 238 Corridor Improvement

CAPITAL PROJECTS FUNDS
152

NON-MAJOR ENTERPRISE FUNDS
Stormwater Fund
– Accounts for activities with stormwater management and urban runoff control, as required by Federal and State law.

Recycling Fund – Accounts for the transactions related to the City’s recycling and waste reduction programs.
153

CITY OF HAYWARD

NONMAJOR ENTERPRISE FUNDS

COMBINING STATEMENTS OF NET POSITION
JUNE 30, 2024
Stormwater Recycling Totals

Current Assets:

Cash and investments $7,064,083 $7,064,083
Accounts receivable, net 1,699,188 $41,935 1,741,123
Due from other governments 11,043 11,043
Interest receivable 2,889 56 2,945
Total Current Assets 8,777,203 41,991 8,819,194
Noncurrent Assets:

Capital assets
Depreciable capital assets, ne
t 134 134
Total Noncurrent Assets 134 134
Total Assets 8,777,337 41,991 8,819,328

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions 738,989 34,573 773,562
Related to OPEB 271,554 26,219 297,773
Total Deferred Outflows of Resources 1,010,543 60,792 1,071,335 LIABILITIES:

Current Liabilities:

Accounts payable 15,371 1,696 17,067
Accrued liabilities 1,152 1,152
Due to other funds 91,282 91,282
Compensated absences, due within one year 94,609 10,214 104,823 Total Current Liabilities 111,132 103,192 214,324
Noncurrent Liabilities:

Compensated absences, due in more than one year 28,762 3,105 31,867 Net pension liabilities, due in more than one year 3,392,769 158,725 3,551,494 Net OPEB liabilities, due in more than one year 973,366 93,980 1,067,346 Total Noncurrent Liabilities 4,394,897 255,810 4,650,707 Total Liabilities 4,506,029 359,002 4,865,031

DEFERRED INFLOWS OF RESOURCES
Related to OPEB 208,530 20,134 228,664
Total Deferred Inflows of Resources 208,530 20,134 228,664 NET POSITION:

Net investments in capital assets 134 134
Unrestricted 5,073,187 (276,353) 4,796,834
Total Net Position $5,073,321 ($276,353) $4,796,968
154

CITY OF HAYWARD

NONMAJOR ENTERPRISE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION FOR THE YEAR ENDED JUNE 30, 2024
Stormwater Recycling Total
OPERATING REVENUES:

Charges for services $2,908,946 $503,267 $3,412,213
Miscellaneous 532,888 532,888
Total Operating Revenues 3,441,834 503,267 3,945,101
OPERATING EXPENSES:

Salaries and related expenses 2,884,507 179,657 3,064,164 Materials, supplies and services 898,913 22,667 921,580 Repairs and maintenance 24,838 24,838
Depreciation 120 120
Total Operating Expenses 3,808,378 202,324 4,010,702
Operating Income (Loss) (366,544) 300,943 (65,601)
NONOPERATING REVENUES:

Net investment income 215,763 1,871 217,634
Net Nonoperating Revenues 215,763 1,871 217,634
Income (Loss) Before Contributions and Transfers (150,781) 302,814 152,033

TRANSFERS
Transfers in 84,825 600,000 684,825
Transfers (out) (285,130) (813,746) (1,098,876)
Net Transfers (200,305) (213,746) (414,051)
CHANGE IN NET POSITION (351,086) 89,068 (262,018)
BEGINNING NET POSITION 5,424,407 (365,421) 5,058,986
ENDING NET POSITION $5,073,321 ($276,353) $4,796,968
155

NONMAJOR ENTERPRISE FUNDS

COMBINING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2024
Stormwater Recycling Total

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $3,424,769 $507,666 $3,932,435
Payments to suppliers (1,008,634) (27,681) (1,036,315)
Payments to employees (2,130,539) (127,109) (2,257,648) Net Cash Flows From Operating Activities 285,596 352,876 638,472

CASH FLOWS FROM NONCAPITAL AND
RELATED FINANCING ACTIVITIES:

Interfund receipts (141,001) (141,001)
Transfers in 84,825 600,000 684,825
Transfers (out) (285,130) (813,746) (1,098,876)
Net Cash Flows From Noncapital and
Related Financing Activities (200,305) (354,747) (555,052) CASH FLOWS FROM INVESTING ACTIVITIES:

Investment income 215,763 1,871 217,634
Net Cash Flows From Investing Activities 215,763 1,871 217,634 NET CASH FLOWS 301,054 301,054
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 6,763,029 6,763,029 CASH AND EQUIVALENTS AT END OF PERIOD $7,064,083 $7,064,083

RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:

Operating income (loss) ($366,544) $300,943 ($65,601)
Adjustments to reconcile operating income to net cash
provided by operating activities:

Depreciation 120 120
Change in assets and liabilities:

Receivables, net (16,678) 4,455 (12,223)
Due from other governments (387) (56) (443)
Accounts payable and other accrued expenses (84,883) (5,014) (89,897) Due to retirement system 789,644 8,547 798,191
Due to OPEB (45,855) 30,682 (15,173)
Compensated absences 10,179 13,319 23,498
Net Cash Flows From Operating Activities $285,596 $352,876 $638,472 156

INTERNAL SERVICE FUNDS

Internal service funds are used to finance and acco unt for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.

The concept of major funds does not extend to internal service fund s because they do not do business with outside parties. GASB St atement 34 requires that for the Statement of Activities, the net revenues or expenses of each internal service f und be eliminated by netting them against the operations of the other City departments which ge nerated them. The remain ing balance sheet items are consolidated with these same funds in the Statement of Net Position.

However, internal service funds are still presente d separately in the Fund financial statements, including the funds below.

Workers’ Compensation Insurance Fund – Accounts for workers’ compensation reimbursable costs.

General Liability Fund – Accounts for risk management expenses and self-insurance costs.

Facilities Management Fund – Accounts for operation, maintenanc e and replacement of City Hall and other city-owned buildings.

Fleet Management Fund – Accounts for operation, maintenance and replacement of vehicles.

Technology Services Fund – Accounts for operation, maintena nce and replacement of Technology infrastructure and resources.

Employee Benefits Fund – Accounts for funding related to Ot her Post Employment Benefits (OPEB) and payments for the retiree medical stipends.

157
Workers'
Compensation
Insurance* General Liability
Facilities
Management
ASSETS:

Current Assets:

Cash and investments $27,212,125 $3,444,877 $1,077,059
Accounts receivable, net 344,700 (298,306) 13,167
Deposits, parts, supplies and other 282,122
Due from other
governments
Interest receivable 11,217 1,232 564
Total Current Assets 27,850,164 3,147,803 1,090,790
Noncurrent Assets:

Long-term loans to the Private Purpose Trust Fund 27,021 Land 372,748
Construction in progress 449,080
Depreciable capital assets, net 2,700,006
Total Noncurrent Assets 27,021 3,521,834
Total Assets 27,850,164 3,174,824 4,612,624
DEFERRED OUTFLOWS OF RESOURCES:

Related to pensions 172,863 142,612 458,087
Related to OPEB 95,512 74,911 279,045
Total Deferred Outflows of Resources 268,375 217,523 737,132 LIABILITIES:

Current Liabilities:

Accounts pa
yable 37,161 108,585 1,048,227
Accrued interest
Accrued liabilities* 15,796,856 8,957,359
Unearned revenue 3,801 12,031
Refundable deposits 10,137
Compensated absences, due within one
year 33,643 40,889 104,545
Long-term debt, due within one year
Subscription liabilities, due within one year
Total Current Liabilities 15,871,461 9,106,833 1,174,940 Noncurrent Liabilities:

Compensated absences, due in more than one year 11,958 14,534 37,160 Net pension liabilities, due in more than one year 793,629 654,744 2,103,119 Net OPEB liabilities, due in more than one year 342,356 268,515 1,000,218 Subscription liabilities, due in more than one year
Total Noncurrent Liabilities 1,147,943 937,793 3,140,497 Total Liabilities 17,019,404 10,044,626 4,315,437
DEFERRED INFLOWS OF RESOURCES:

Related to OPEB 73,345 57,526 214,283
Total Deferred Inflows of Resources 73,345 57,526 214,283 NET POSITION:

Net investments in capital assets 3,521,834
Unrestricted 11,025,790 (6,709,805) (2,701,798)
Total Net Position $11,025,790 ($6,709,805) $820,036
and unreported claims as required by GASB Standard number 10. * Accrued liabilities balance in Workers' Compensation Insurance Fund includes the ultimate cost of all reported

CITY OF HAYWARD

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF NET POSITION
JUNE 30, 2024
158

Fleet Management Technology Services Employee Benefits Total $11,500,279 $7,065,894 $5,158,149 $55,458,383
127,909 67,543 351 255,364
282,122
45,852 45,852
4,536 2,782 2,119 22,450
11,678,576 7,136,219 5,160,619 56,064,171
27,021
372,748
44,341 900,594 1,394,015
15,914,482 3,242,981 21,857,469
15,958,823 4,143,575 23,651,253
27,637,399 11,279,794 5,160,619 79,715,424
592,056 821,097 2,186,715
256,572 402,649 1,108,689
848,628 1,223,746 3,295,404
1,075,100 507,195 7,498 2,783,766
367 3,906 4,273
21,164 24,775,379
7,071 19,441 42,344
10,137
73,259 323,984 576,320
144,423 144,423
62,646 62,646
1,321,384 917,172 7,498 28,399,288
26,040 115,160 204,852
2,718,180 3,769,746 10,039,418
919,663 1,443,267 3,974,019
246,665 246,665
3,663,883 5,574,838 14,464,954
4,985,267 6,492,010 7,498 42,864,242
197,025 309,200 851,379
197,025 309,200 851,379
15,814,400 3,834,264 23,170,498
7,489,335 1,868,066 5,153,121 16,124,709
$23,303,735 $5,702,330 $5,153,121 $39,295,207
159

CITY OF HAYWARD

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES AND

CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2024
Workers'
Compensation
Insurance General Liability
Facilities
Management

OPERATING REVENUES
Charges for services $5,752,655 $5,640,185
Other $41,226 217,766
Total Operating Revenues 5,752,655 41,226 5,857,951

OPERATING EXPENSES
Salaries and related expenses 852,451 959,249 2,250,496 Materials, supplies and services 761,400 6,391,427 3,971,263 Repairs and maintenance 1,326,635
Self-funded insurance expense 4,824,257 873,871
Depreciation 137,684
Total Operating Expenses 6,438,108 8,224,547 7,686,078
Operating Income (Loss) (685,453) (8,183,321) (1,828,127)

NONOPERATING REVENUES (EXPENSES)
Investment income 1,001,194 17,632 41,855
Interest (expense)
Gain (loss) on disposal of capital assets
Total Nonoperating Revenues (Expenses) 1,001,194 17,632 41,855 Income (Loss) Before Transfers 315,741 (8,165,689) (1,786,272)

CONTRIBUTIONS AND TRANSFERS
Transfers in 7,666,573 656,243
Transfers (out) (5,448,386) (15,559) (104,295)
Net Contributions and Transfers (5,448,386) 7,651,014 551,948 CHANGE IN NET POSITION (5,132,645) (514,675) (1,234,324) BEGINNING NET POSITION (DEFICIT) 16,158,435 (6,195,130) 2,054,360 ENDING NET POSITION (DEFICIT) $11,025,790 ($6,709,805) $820,036 160

Fleet Management Technology Services Employee Benefits Total $8,960,828 $8,974,590 $3,882,853 $33,211,111
2,186 3,598,432 5,057 3,864,667
8,963,014 12,573,022 3,887,910 37,075,778
1,717,759 4,296,099 10,076,054
739,633 3,985,760 726,892 16,576,375
1,433,871 1,779,031 4,539,537
888 6,397,158 12,096,174
2,526,599 530,785 3,195,068
6,417,862 10,592,563 7,124,050 46,483,208
2,545,152 1,980,459 (3,236,140) (9,407,430)
287,029 190,321 48,834 1,586,865
(7,798) (7,798)
55,182 (28,234) 26,948
334,413 162,087 48,834 1,606,015
2,879,565 2,142,546 (3,187,306) (7,801,415)
600,000 466,544 3,557,395 12,946,755
(138,525) (228,298) (5,935,063)
461,475 238,246 3,557,395 7,011,692
3,341,040 2,380,792 370,089 (789,723)
19,962,695 3,321,538 4,783,032 40,084,930
$23,303,735 $5,702,330 $5,153,121 $39,295,207
161

CITY OF HAYWARD

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF CASH FLOW
FOR THE YEAR ENDED JUNE 30, 2024
Workers'
Compensation General Facilities
Insurance Liabilit y Management

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $5,543,970 $339,994 $5,857,386
Payments to suppliers (5,445,332) (7,243,999) (4,865,091) Payments to employees (966,515) (968,003) (2,210,671)
Cash Flows from Operating Activities (867,877) (7,872,008) (1,218,376)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers in 7,666,573 656,243
Transfers out (5,448,386) (15,559) (104,295)
Cash Flows from Noncapital Financing Activities (5,448,386) 7,651,014 551,948

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets (45,962)
Proceeds from sale of capital assets
Principal pa
yments on capital debt
Interest paid on capital debt
Cash Flows from Capital and Related
Financing Activities (45,962)

CASH FLOWS FROM INVESTING ACTIVITIES
Investment income 1,001,194 17,632 41,855
Cash Flows from Investing Activities 1,001,194 17,632 41,855 Net increase (decrease) in cash and cash equivalents (5,315,069) (203,362) (670,535) Cash and cash equivalents at beginning of period 32,527,194 3,648,239 1,747,594 Cash and cash equivalents at end of period $27,212,125 $3,444,877 $1,077,059 Reconciliation of operating income (loss) to net cash provided by operating activities:

Operating income (loss) ($685,453) ($8,183,321) ($1,828,127) Adjustments to reconcile operating income to net cash provided by operating activities:

Depreciation 137,684
Change in assets and liabilities:

Receivables, net (135,302) 298,768 (3,489)
Deposits, parts, supplies and other (73,384)
Due from other
governments
Accounts payable and other accrued expenses 140,325 21,299 432,807 Due to retirement system (87,316) (8,090) (31,243)
Due to OPEB (28,620) (16,534) 75,143
Compensated absences 1,872 15,870 (4,075)
Unearned revenue 1 2,924
Cash Flows from Operating Activities ($867,877) ($7,872,008) ($1,218,376) NON-CASH TRANSACTIONS:

Retirement of capital assets
162

Fleet Technology Employee
Management Services Benefits Total
$8,969,549 $12,579,124 $3,885,440 $37,175,463
(1,719,725) (5,950,867) (7,123,825) (32,348,839)
(2,004,272) (4,655,179) (10,804,640)
5,245,552 1,973,078 (3,238,385) (5,978,016)
600,000 466,544 3,557,395 12,946,755
(138,525) (228,298) (5,935,063)
461,475 238,246 3,557,395 7,011,692
(3,667,951) (887,673) (4,601,586)
89,683 89,683
(234,365) (59,623) (293,988)
(9,454) (9,454)
(3,822,087) (947,296) (4,815,345)
299,950 189,027 48,834 1,598,492
299,950 189,027 48,834 1,598,492
2,184,890 1,453,055 367,844 (2,183,177)
9,315,389 5,612,839 4,790,305 57,641,560
$11,500,279 $7,065,894 $5,158,149 $55,458,383
$2,545,152 $1,980,459 ($3,236,140) ($9,407,430)
2,526,599 530,785 3,195,068
11,071 18,905 (2,470) 187,483
198 (73,186)
(4,536) (4,536)
453,779 (185,188) 225 863,247
146,387 (172,694) (152,956)
(420,782) (245,083) (635,876)
(12,118) 58,697 60,246
(13,001) (10,076)
$5,245,552 $1,973,078 ($3,238,385) ($5,978,016)
($34,501) ($34,501)
163
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CUSTODIAL FUNDS

Custodial Funds account for assets held by the City as an agent for individuals, governmental entities, and non-public organizations. These funds include the following:

Local Improvement Districts Fund – Accounts for debt service activities for LIDs #14, #15, #16, #17 and Community Faculties District #1. The City has no commitment for the repayment of these Districts’ debt.

South Hayward BART Parking District JPA – A ccount for related revenues and expenditures related to the Joint Powers Authority ag reement between the City and Ba y Area Rapid Transit (BART) for the purpose of providing parking access around the South Hayward BART station.

Hayward Development Corporation – Accounts serves as a nonprofit benefit corporation under Section 509(a)(3)(A) as a supporting organization or ganized exclusively to benefit and support the City of Hayward in implementing the economic development activities th roughout the City, along with other related objectives.

Other Custodial Funds – Accounts for activities of Hayward Coalition for Youth, the Hayward Friends of the Library Fund, the Edward Byrne Grant and the Cannabis Community Fund.

165

CUSTODIAL FUNDS

COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2024
Hayward Economic
Local South Ha yward Develo pment
Improvement BART Parkin g Corporation Other Custodial
Districts Fund District JPA Fund Fund Funds Total
ASSETS:

Cash and investments $3,857,892 $219,929 $244,178 $275,020 $4,597,019 Cash and investments with fiscal agents 367,175 367,175 Accounts receivable, net 3,053 844 3,897
Interest receivable 1,591 91 9 1,691
Due from other governments 34,987 1,098 36,085
Deposits, parts, supplies and other 201,524 201,524
Total Assets 4,466,222 220,864 244,178 276,127 5,207,391 CURRENT LIABILITIES:

Accounts payable and accrued liabilities 27,461 49,339 1,440 78,240 Loans payable 8,600,000 8,600,000
Deferred revenue 29,987 844 30,831
Refundable de
posits 23,285 11,393 34,678
Total Liabilities 80,733 844 8,649,339 12,833 8,743,749

NET POSITION
Restricted for:

Organizations and other governments 220,020 (8,405,161) 263,294 (7,921,847) Bondholders 4,385,489 4,385,489
Total Net Position $4,385,489 $220,020 ($8,405,161) $263,294 ($3,536,358) Custodial Funds

CITY OF HAYWARD
166
Hayward Economic
Local South
Hayward Develo pment
Improvement BART Parkin g Corporation Other Custodial
Districts Fund District JPA Fund Fund Funds Total

ADDITIONS
Property tax $1,118,584 $1,118,584
Special assessment $180,161 180,161
Other revenue 262,368 262,368
Investment income 141,568 $13,305 627 155,500
Total additions 1,260,152 13,305 443,156 1,716,613

DEDUCTIONS
Maintenance services 487,877 1,492 489,369
Improvements other than buildings 748,380 $8,405,161 9,153,541 Contractual services 78,484 227,162 305,646
Payments to bondholders 391,238 391,238
Interest and fiscal charges 169,999 169,999
Total deductions 1,049,114 826,864 8,405,161 228,654 10,509,793 Net change in position 211,038 (813,559) (8,405,161) 214,502 (8,793,180) Net position - beginning 4,174,451 1,033,579 48,792 5,256,822 Net position - ending $4,385,489 $220,020 ($8,405,161) $263,294 ($3,536,358) Custodial Funds

CITY OF HAYWARD

COMBINING STATEMENT OF CHANGES IN CUSTODIAL FUND NET POSITION FOR THE YEAR ENDED JUNE 30, 2024
167
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STATISTICAL SECTION

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STATISTICAL SECTION

The statistical section of the City’s Annual Comprehensive Financial Report presents detailed information as a context for understanding the information in the financial statemen ts, note disclosures, and required supplementary information. This section provides a history of the City’s overall financial health. In contrast to the financial section, the statistical section information is not subject to independent audit.

Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time:

1. Net Position by Component

2. Changes in Net Position

3. Fund Balances of Governmental Funds

4. Changes in Fund Balance of Governmental Funds

Revenue Capacity
These schedules contain information to help the read er assess the City’s most significant local revenue source, the property tax:

1. Assessed and Estimated Actual Value of Taxable Property

2. Property Tax Rates, All Overlapping Governments

3. Principal Property Taxpayers

4. Property Tax Levies and Collections

Debt Capacity
These schedules present information to help the reader assess the affordab ility of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future:

1. Ratio of Outstanding Debt by Type

2. Computation of Direct and Overlapping Debt

3. Computation of Legal Bonded Debt Margin

4. Revenue Bond Coverage Wastewater Revenue Bonds

5. Bonded Debt Pledged Revenue Coverage, Tax Allocation Bonds

Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place:

1. Demographic and Economic Statistics

2. Principal Employers

Operating Information
These schedules contain service and infrastructure data to help the reader unders tand how the information in the City’s financial report relates to the services the City provides and the activities it performs:

1. Full-Time Equivalent City Government Employees by Function

2. Operating Indicators by Function/Program

3. Capital Asset Statistics by Function/Program

Sources
Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.
171
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* To comply with GASB 68 an adjustment was made to the City's total unrestricted net position, decreasing it by $311,685,673 in FY 2015. The negative Net Position offsets the Net Pension Liabilities of $284,150,333. 2015* 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities
Net investment in capital assets $305,320,098 $254, 986,441 $324,056,697 $324,408,453 $329,532,552 $340,992,711 $357,492,270 $385,787,176 $408,626,627 $413,652,256 Restricted 33,021,745 68,045,952 68,431,025 37,795,705 41, 119,395 94,077,986 117,664,651 121,721,287 131,419,026 123,664,323 Unrestricted (257,512,639) (195,715,585) (266,000,254) (327,597, 600) (322,106,063) (373,531,268) (368,801,977) (343,965,833) (346,983,170) (358,933,921) Total governmental activities net position $80,829, 204 $127,316,808 $126,487,468 $34,606,558 $48,545,884 $61,539,429 $106,354,944 $163,542,630 $193,062,483 $178,382,658 Business-type activities
Net investment in capital assets $129,150,393 $128, 152,757 $134,479,298 $141,998,213 $148,443,353 $148,432,952 $145,334,998 $145,781,120 $147,996,679 $150,854,434 Restricted 284,0012211
Unrestricted 140,262,979 156,403,925 160,313,212 148,088,671 172,060,648 200,188,102 223,235,836 234,270,711 243,856,942 248,989,296 Total business-type activities net position $269,413,372 $284,556,682 $294,792,510 $290,086,884 $320,504,001 $348,905,055 $368,570,836 $380,051,833 $391,853,622 $399,843,731 Primary government
Net investment in capital assets $434,470,491 $383, 139,198 $458,535,995 $466,406,666 $477,975,905 $489,425,663 $502,827,268 $531,568,296 $556,623,306 $564,506,690 Restricted 33,021,745 68,045,952 68,431,025 37,795,705 41, 119,395 94,361,987 117,664,653 121,721,289 131,419,027 123,664,324 Unrestricted (117,249,660) (39,311,660) (105,687,042) (179,508, 929) (150,045,415) (173,343,166) (145,566,141) (109,695,122) (103,126,228) (109,944,625) Total primary government net position $350,242,576 $411, 873,490 $421,279,978 $324,693,442 $369,049,885 $410,444,484 $474,925,780 $54 3,594,463 $584,916,105 $578,226,389

CITY OF HAYWARD
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
-200000
-100000
0 100000
200000
300000
400000
500000
600000
2015* 2016 2017 2018 2019 2020 2021 2022 2023 2024
Thousands
Net of Related Debt Restricted Unrestricted
Source: City of Hayward Comprehensive Annual Financial Report 173

CITY OF HAYWARD
Changes in Net Position
Last Ten Fiscal Years
(Accrual Basis of Accounting)
2015 2016 2017 2018
Expenses
Governmental Activities:

General Government $16,245,827 $14,192,819 $16,158,933 $36,743,529 Public Safety 106,541,527 118,423,530 128,069,028 136,621,829 Public Works and Transportation 12,295,579 14,414,107 25,599,837 24,077,319 Library and Community Services 5,150,554 9,047,644 7,056,242 10,673,935 Economic Development 835,342 1,762,937 152,175 1,480,505 Planning and Building 6,831,521 7,281,726 8,628,739 11,093,298 Maintenance Services 5,798,009 6,156,886 8,288,824 11,482,643 Community Development
Culture and Leisure
Nondepartmental
Interest on Long Term Debt 1,400,778 1,490,140 3,078,848 3,238,555 Total Governmental Activities Expenses 155,099,137 172,769,788 197,032,626 235,411,613 Business-Type Activities:

Sewer 19,967,350 23,757,316 22,755,149 19,762,825
Water 36,953,171 38,253,454 46,225,355 52,084,024
Airport 3,489,917 3,976,602 6,348,333 4,236,680
Centennial Hall Maintenance and Operation
Stormwater 2,373,574 3,042,678 2,450,088 2,817,649
Recycling
Total Business-Type Activities Expenses 62,784,012 69,030,050 77,778,925 78,901,178 Total Primary Government Expenses $217,883,149 $241,799,838 $274,811,551 $314,312,791 Program Revenues
Governmental Activities:

Charges for Services:

General Government $3,404,484 $3,513,507 $2,627,359 $3,920,063 Public Safety 3,311,997 3,585,912 4,638,881 4,859,695
Public Works and Transportation 4,966,061 5,620,367 7,009,479 6,019,771 Library and Community Services 116,787 1,312,128 2,537,062 317,596 Economic Development 1,292,172
Planning and Building 4,536,430 6,060,654 6,926,489 6,294,675 Maintenance Services 1,504,197 1,088,664 1,488,851 1,555,141 Community Development
Culture and Leisure
Nondepartmental
Operating Grants and Contributions 10,587,001 13,611,989 11,984,727 10,626,753 Capital Grants and Contributions 5,807,599 31,255,350 1,463,593 2,472,715 Total Government Activities Program Revenues 35,526,728 66,048,571 38,676,441 36,066,409 174
2019 2020 2021 2022 2023 2024
$26,842,761 $30,267,967 $24,801,183 $19,288,029 $23,138,347 $41,061,682 130,098,500 128,620,640 139,350,883 120,120,829 166,217,907 157,239,897 26,136,150 22,129,650 26,493,672 25,616,470 24,981,972 55,670,037 10,026,345 10,983,659 11,444,270 12,359,104 14,645,388 16,274,365 2,177,009 2,565,850 2,981,340 6,672,124 8,801,341 1,683,222 10,688,978 10,662,520 10,430,293 10,485,538 10,475,502 14,081,790 11,993,462 12,156,273 12,442,998 12,539,476 14,112,028 18,488,401 2,863,705 2,784,563 2,551,130 2,320,830 2,057,051 (1,981,560) 220,826,910 220,171,122 230,495,769 209,402,400 264,429,536 302,517,834 22,065,651 20,147,930 21,928,468 23,143,122 28,307,273 32,650,697 46,827,858 47,714,898 49,135,479 48,798,451 52,457,801 59,881,805 4,045,984 3,755,558 3,428,349 4,299,086 4,637,977 5,096,164 2,793,121 2,784,429 2,727,484 2,658,755 2,600,832 3,808,378 16,514 283,369 240,200 (687) 202,324
75,732,614 74,419,329 77,503,149 79,139,614 88,003,196 101,639,368 $296,559,524 $294,590,451 $307,998,918 $288,542,014 $352,432,732 $404,157,202 $3,328,124 $4,220,061 $2,491,348 $2,237,533 $2,239,179 $2,570,867 4,837,363 4,240,808 3,537,739 2,469,328 3,610,524 2,804,653 6,061,761 4,894,838 5,505,441 5,909,251 5,257,260 5,085,507 3,101,839 885,787 3,919,571 2,341,288 1,245,785 1,205,069 544,108 520,189 2,653,271 6,786,370 1,281,165
7,052,017 5,479,966 5,751,306 6,237,845 7,262,132 5,331,185 1,652,433 1,489,507 1,682,246 2,120,249 1,809,879 2,056,030 14,868,015 14,757,617 29,517,552 34,655,418 35,141,869 27,229,266 4,831,794 5,780,882 5,395,405 3,594,521 12,797,724 5,112,234 45,733,346 42,293,574 58,320,797 62,218,704 76,150,722 52,675,976 (Continued)
* Due to City of Hayward Departmental reorganization, Community Development, and Culture and Leisure Departments no longer exist.

Source: City of Hayward Comprehensive Annual Financial Report 175

CITY OF HAYWARD
Changes in Net Position
(continued)
Last Ten Fiscal Years
(Accrual Basis of Accounting)
2015 2016 2017 2018
Business-Type Activities:

Charges for Services:

Sewer 28,389,311 33,557,099 27,000,318 26,374,872
Water 44,704,910 46,264,199 53,565,672 59,385,204
Airport 2,995,362 3,239,400 4,161,002 3,426,086
Centennial Hall Maintenance & Operation
Stormwater 2,832,703 2,894,801 3,066,075 3,165,846
Recycling
Operating Grants and Contributions 1,162,390
Capital Grants and Contributions
Total Business-Type Activities Program Revenue 78,922,286 85,955,499 88,955,457 92,352,008 Total Primary Government Program Revenues $114,449,014 $152,004,070 $127,631,898 $128,418,417 Net (Expense)/Revenue
Governmental Activities ($119,572,409) ($106,721,218) ($158,356,185) ($199,345,204) Business-Type Activities 16,138,274 16,925,449 11,176,532 13,450,830 Total Primary Government Net Expense ($103,434,135) ($89,795,769) ($147,179,653) ($185,894,374) Total Primary Government Net Expense
from prior page ($103,434,135) ($89,795,769) ($147,179,653) ($185,894,374) General Revenues and Other Changes in Net Position
Governmental Activities:

Taxes:

Property Taxes $42,740,159 $44,750,688 $48,768,731 $52,136,552 Incremental Property Tax
Special Assessments
Sales Taxes 39,148,631 46,495,377 48,848,674 48,550,524 Utility Users Tax 15,680,721 22,040,616 20,753,813 17,487,828 Real Property Transfer Tax 5,710,272 7,849,464 8,349,727 9,168,329 Franchise Tax 10,127,647 10,139,140 9,646,261 9,647,904 Business Tax 2,634,539 2,603,305 3,664,550 4,550,835
Excise Tax 2,142,691 3,782,330 2,226,200 2,261,598
Other Taxes 6,314,878 5,774,001 5,607,637 6,924,304
Motor Vehicle in-lieu, Unrestricted 62,743 61,688 71,223 84,769 Investment Earnings 349,196 523,123 1,470,868 1,253,635 Gain (Loss) on land held for resale
Gain (Loss) on Sale of Capital Assets (352,880) 882,491 121,761 49,910 (Loss) from disposal of capital assets
Miscellaneous 2,996,956 5,505,290 5,130,121 5,514,057
Transfers (refer to CAFR Footnote 4) 2,618,309 2,801,309 2,861,623 2,621,785 Transfers ( Note 5)
Extraordinary Item (refer to CAFR Footnote 19)
Total Governmental Activities General Revenues
and Transfers 130,173,862 153,208,822 157,521,189 160,252,030 Business-Type Activities:

Investment Earnings 533,521 1,019,170 1,920,919 925,665 (Loss) from disposal of capital assets 135,712
Loss on equity investment
Miscellaneous
Transfers ( Note 5) (2,618,309) (2,801,309) (2,861,623) (2,621,785) Total Business-Type Activities General Revenues
and Transfers (2,084,788) (1,782,139) (940,704) (1,560,408) Total Primary Government General Revenues
and Transfers $128,089,074 $151,426,683 $156,580,485 $158,691,622 Change in Net Position
Governmental Activities $10,601,453 $46,487,604 ($834,996) ($39,093,174) Business-Type Activities 14,053,486 15,143,310 10,235,828 11,890,422 Total Primary Government $24,654,939 $61,630,914 $9,400,832 ($27,202,752) 176
2019 2020 2021 2022 2023 2024
37,064,893 30,078,797 30,144,384 31,457,157 35,253,101 32,892,790 61,614,956 61,951,757 61,842,042 61,480,757 58,569,056 63,230,491 3,611,746 3,616,344 3,610,821 3,900,365 3,906,588 4,627,028 3,328,818 5,019,351 3,633,200 3,618,896 2,855,609 3,441,834 42,546 104,027 449,850 503,267
119,683
105,620,413 100,785,932 99,272,993 100,561,202 101,034,204 104,695,410 $151,353,759 $143,079,506 $157,593,790 $162,779,906 $177,184,926 $157,371,386 ($175,093,564) ($177,877,548) ($172,174,972) ($147,183,696) ($188,278,814) ($249,841,858) 29,887,799 26,366,603 21,769,844 21,421,588 13,031,008 3,056,042 ($145,205,765) ($151,510,945) ($150,405,128) ($125,762,108) ($175,247,806) ($246,657,790) ($145,205,765) ($151,510,945) ($150,405,128) ($125,762,108) ($175,247,806) ($246,657,790) $55,970,615 $58,939,316 $62,227,460 $64,950,195 $70,287,589 $73,658,984 52,917,415 56,566,457 58,652,032 64,666,358 66,932,441 75,344,108 16,935,327 16,065,943 17,267,592 17,308,117 25,944,798 24,453,592 12,256,155 12,150,286 17,120,032 21,226,290 12,356,957 12,540,552 9,730,173 10,581,960 10,624,234 10,515,952 11,906,945 13,161,911 4,415,292 4,057,795 4,365,441 3,996,798 4,098,698 5,743,381 2,329,766 2,383,998 2,070,754 1,958,345 2,205,810 2,253,091 8,637,556 8,505,009 8,497,353 9,879,685 11,064,218 11,705,277 77,775 126,184 117,578 182,633 168,068 202,532
3,277,620 3,272,624 1,124,743 (3,912,851) 3,613,671 6,498,376 10,982,198 3,390,000
82,854 37,265
(277,565) 26,948
7,837,732 15,167,508 18,633,107 9,449,880 5,096,781 5,952,245 3,665,266 3,054,013 3,185,444 4,112,715
4,400,256 3,621,036
189,032,890 190,871,093 207,358,624 204,371,382 217,798,667 235,162,033 4,305,963 5,088,464 1,081,381 (5,186,214) 3,171,037 8,555,103 (111,379) (965,799)
(3,665,266) (3,054,013) (3,185,444) (4,112,715) (4,400,256) (3,621,036) 529,318 2,034,451 (2,104,063) (10,264,728) (1,229,219) 4,934,067 $189,562,208 $192,905,544 $205,254,561 $194,106,654 $216,569,448 $240,096,100 $13,939,326 $12,993,545 $35,183,652 $57,187,686 $29,519,853 ($14,679,825) 30,417,117 28,401,054 19,665,781 11,156,860 11,801,789 7,990,109 $44,356,443 $41,394,599 $54,849,433 $68,344,546 $41,321,642 ($6,689,716) * Due to City of Hayward Departmental reorganization, Community Development, and Culture and Leisure Departments no longer exist.

Source: City of Hayward Comprehensive Annual Financial Report 177
2015 2016* 2017* 2018* 2019* 2020* 2021* 2022* 2023* 2024* General Fund
Reserved
Unreserved
Nonspendable
$9,284,281 $8,474,463 $7, 657,001 $6,880,088 $6,067,818 $5,242,902 $4 ,442,423 $3,641,156 $2,845,448 $10,639,568 Restricted
Assigned
8,150,187 13,485,813 10, 276,759 17,794,142 13,959,459 22,092,043 30 ,317,921 20,025,339 16,632,531 17,520,037 Unassigned 22,134,362 22,098,817 21, 767,997 25,248,062 30,554,839 25,348,230 31 ,431,063 34,224,937 39,452,332 31,623,511 Total General Fund (a) $39,568,830 $44,059,093 $39,701 ,757 $49,922,292 $50,582,116 $52,683,175 $66,191,407 $57,891,432 $58,930,311 $59,783,116 All Other Governmental Funds
Restricted 33,488,600 68,772,861 $76,555 ,491 $76,190,135 $84,761,983 $94,0 77,986 $117,664,651 $121,721,287 $131,419,026 $123,664,323 Assigned 68,374,788 58,691,704 33,810 ,387 26,111,962 27,536,543 14,454,839 10,507,228 18,408,611 14,623,944 Unassigned (2,508,938) (1,644,451) (5,969, 846) (9,212,995) (1,264,064) Total all other governmental funds $31,213,691 $137,147,942 $135,247,195 $108,356,071 $104,904,099 $112,401,534 $132,119,490 $132,228,515 $149,827,637 $137,024,203 * General Fund includes balances related to the City's Measure C District Sales Tax (a) The change in total fund balance for the General Fund and All Other Governmental Funds is explained in Management's Discussi on and Analysis.

The detail of Reserved and Designated Fund balance is explained in Note 9 of the financial statement footnotes.

Source: City of Hayward Annual Comprehensive Financial Report (ACFR)

CITY OF HAYWARD
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
2015 2016* 2017* 2018* 2019* 2020* 2021* 2022* 2023* 2024* Thousands
Reserved
Unreserved Nonspendable Restricted Assigned UnassignedGeneral Fund only 178
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2015 2016 2017 2018 2019
Revenues
Property Taxes $42,128,306 $44,159,430 $47,195,566 $51,235,946 $54,467,978 Property Tax Increment
Sales Taxes 39,148,631 46,495,377 48,848,674 48,550,524 52,917,415 Utility Users Taxes 15,680,721 22,040,616 20,753,813 17,487,828 16,935,327 Other Taxes 23,424,572 26,554,046 27,518,428 28,116,819 32,658,149 Licenses and permits 5,031,300 6,316,823 7,766,510 7,091,074 7,814,026 Fines and forfeitures 2,549,034 2,341,565 2,499,964 2,487,183 2,670,298 Special Assessments 980,329 1,166,399 1,026,071 1,003,388 1,059,378 Use of money and property 357,388 561,895 1,746,291 1,644,775 3,473,471 Intergovernmental revenues 22,647,381 37,101,458 28,403,369 23,151,743 28,991,082 Fees and charges for services 7,639,834 9,885,890 5,889,181 7,360,450 7,373,160 Reimbursement from Developer
Gain on Sale 10,982,198
Other 5,002,806 7,909,582 11,082,590 6,084,935 10,689,323 Total Revenues 164,590,302 204,533,081 202,730,457 194,214,665 230,031,805 Expenditures
Current:

General government 13,702,855 12,675,974 13,182,512 14,309,144 15,335,579 Public safety 96,719,824 105,164,624 110,461,347 110,621,648 118,169,989 Public works and transportatio
n 6,623,943 3,850,989 4,001,258 3,772,501 8,850,429
Library and community services 6,748,325 8,371,078 6,678,908 7,638,673 7,722,543 Economic developmen
t 763,285 1,984,194 56,797 81,274 1,512,567
Planning and building 6,495,171 7,382,233 8,497,395 8,372,228 9,229,204 Maintenance services 5,581,077 6,279,365 7,711,268 7,720,401 9,973,511 Nondepartmental
Capital outlay 30,819,943 39,864,835 48,972,280 47,870,707 45,601,421 Debt service:

Principal 2,156,489 2,397,381 2,561,048 2,676,156 5,013,353 Interest and fiscal charges 1,158,708 1,055,901 3,303,835 3,321,225 3,190,198 Bond issuance cos
t 1,054,619 2,972
Pass-through payments
Total Expenditures 170,769,620 190,081,193 205,429,620 206,383,957 224,598,794 Excess (deficiency) of revenues over
(under) expenditures (6,179,318) 14,451,888 (2,699,163) (12,169,292) 5,433,011 Other Financing Sources (Uses)
Transfer of land held for resale to cap assets
Proceeds from sale of capital asset
Proceeds of refunding bonds (refer to ACFR Footnote 6) 87,348,775 Premium on refunding bonds issued (refer to ACFR Footnote 6) 6,565,740 Payment to refunded bond escrow agent (refer to ACFR Footnote 6) (20,455,936) Proceeds of repayment agreement
Proceeds from long term debt (refer to ACFR Footnote 6) 5,500,000 Proceeds from issuance of long-term debt
Gain on land held for resale
Transfers in (refer to ACFR Footnote 4) 9,012,179 25,098,265 40,553,431 13,461,040 40,742,247 Transfers out (refer to ACFR Footnote 4) (12,188,316) (27,899,357) (44,118,007) (17,962,337) (48,967,406) Total other financing sources (uses) 2,323,863 70,657,487 (3,564,576) (4,501,297) (8,225,159) Extraordinary Item (Refer to ACFR Footnote 19)
Net Change in fund balances ($3,855,455) $85,109,375 ($6,263,739) ($16,670,589) ($2,792,148) Debt service as a percentage of
noncapital expenditures 2.4% 2.4% 3.8% 3.5% 4.2%
Non-capitalized capital outlay 17,768,968 14,789,030
Source: City of Hayward Annual Comprehensive Financial Report (ACFR)

CITY OF HAYWARD
Changes in Fund Balance of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Fiscal Years Ended June 30,
180
2020 2021 2022 2023 2024
$58,431,804 $61,196,409 $63,524,226 $68,458,487 $73,406,274 56,566,457 58,652,032 64,666,358 66,932,441 75,344,108
16,065,943 17,267,592 17,308,117 25,944,798 24,453,592
31,774,255 36,672,642 42,293,995 36,987,146 37,082,797
6,435,587 5,439,030 7,040,991 7,959,299 6,131,063
2,210,385 2,194,569 2,908,314 2,680,493 2,721,831
1,297,894 1,408,903 1,427,107 1,547,811 1,654,366
3,901,043 1,729,716 (2,085,572) 3,129,954 5,745,608
28,937,153 38,526,058 42,581,105 52,257,273 39,689,420
5,585,549 9,712,963 8,305,207 4,506,630 5,005,339
18,289,406 24,378,704 17,150,080 18,779,649 11,337,613
229,495,476 257,178,618 265,119,928 289,183,981 282,572,011 14,607,161 13,971,584 19,264,532 21,750,190 21,864,417
123,148,622 129,477,772 135,547,462 144,815,357 151,376,573 6,849,771 8,198,266 9,841,151 10,664,999 14,644,022
8,707,212 9,123,989 10,597,268 12,948,082 13,517,998
1,576,741 2,350,344 6,674,218 8,705,058 532,399
8,618,787 8,712,707 9,576,414 9,442,396 11,487,245
9,840,025 10,752,525 12,017,944 13,234,112 15,224,030
34,471,404 40,657,890 53,296,125 38,525,972 47,005,060
5,207,513 5,416,028 6,257,552 6,121,651 54,569,724
3,007,504 2,795,772 2,615,974 2,375,640 2,028,085
216,034,740 231,456,877 265,688,640 268,583,457 332,249,553 13,460,736 25,721,741 (568,712) 20,600,524 (49,677,542) 1,063,021 41,117,569
3,390,000
15,104,770 12,292,089 42,742,446 44,503,979 29,602,262
(18,967,012) (17,809,505) (51,427,705) (46,466,502) (32,992,918) (3,862,242) (2,127,416) (7,622,238) (1,962,523) 37,726,913 $9,598,494 $23,594,325 ($8,190,950) $18,638,001 ($11,950,629)

4.2% 4.1% 3.9% 3.5% 17.6%
13,167,567 16,025,372 14,564,462 12,224,749 37,763,942
Fiscal Years Ended June 30,
181
Millions
Total
Fiscal Total Secured Total Unsecured Total Estimated Direct Year Property Property Assessed ( c ) Full Market ( a ) Tax Rate ( b ) 2015 16,639,488,990 1,340,155,668 17,979,644,658 17,979,644,658 1% 2016 17,432,403,170 1,452,793,040 18,885,196,210 18,885,196,210 1% 2017 18,505,587,803 1,439,106,697 19,944,694,500 19,944,694,500 1% 2018 19,779,304,369 1,454,651,151 21,233,955,520 21,233,955,520 1% 2019 21,249,763,958 1,469,205,980 22,718,969,938 22,718,969,938 1% 2020 22,702,279,301 1,570,761,064 24,273,040,365 24,273,040,365 1% 2021 24,086,121,795 1,669,659,173 25,755,780,968 25,755,780,968 1% 2022 25,074,926,004 1,580,752,210 26,655,678,214 26,655,678,214 1% 2023 26,781,262,134 1,681,286,944 28,462,549,078 28,462,549,078 1% 2024 28,531,755,687 1,906,804,619 30,438,560,306 30,438,560,306 1% NOTE:
( a ) The State Constitution requires property to be assessed at one hundred percent of the most recent purchase price, plus an increment of no more than two percent annually, plus any local over-rides. These values are considered to be full market values. ( b ) California cities do not set their own direct tax rate. The state constitution establishes the rate at 1% and allocates a portion of that amount, by an annual calculation, to all the taxing entities within a tax rate area. ( c ) Total assessed represents gross amount of the total assessed valuation of the taxable property.

Source: Alameda County Auditor Controller Office Certificate of Assessed Valuations

CITY OF HAYWARD

ASSESSED AND ESTIMATED ACTUAL

VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
-$3,000
$2,000
$7,000
$12,000
$17,000
$22,000
$27,000
$32,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Unsecured Property Secured Property
182
Hayward Chabot-Las Positas
Fiscal Alameda County City of Alameda County Unified Community College Bay Area Rapid Hayward Area East Bay Year Wide Levy Hayward Go Bond School District District Transit (BART) Rec & Park Regional Park Total 2015 1.0000 0.0018 0.0000 0.0527 0.0217 0.0045 0.0085 1.0892 2016 1.0000 0.0018 0.0000 0.0970 0.0198 0.0026 0.0067 1.1279 2017 1.0000 0.0018 0.0000 0.0974 0.0246 0.0080 0.0032 1.1350 2018 1.0000 0.0018 0.0000 0.0881 0.0445 0.0084 0.0299 0.0021 1.1748 2019 1.0000 0.0018 0.0112 0.0806 0.0443 0.0070 0.0300 0.0057 1.1806 2020 1.0000 0.0018 0.0108 0.1350 0.0422 0.0120 0.0300 0.0060 1.2378 2021 1.0000 0.0018 0.0036 0.1310 0.0214 0.0139 0.0299 0.0014 1.2030 2022 1.0000 0.0018 0.0041 0.1150 0.0458 0.0060 0.0299 0.0020 1.2046 2023 1.0000 0.0018 0.0103 0.0900 0.0388 0.0140 0.0299 0.0058 1.1906 2024 1.0000 0.0018 0.0088 0.0900 0.0416 0.0134 0.0299 0.0057 1.1912

CITY OF HAYWARD

PROPERTY TAX RATES

ALL OVERLAPPING GOVERNMENTS

LAST TEN FISCAL YEARS

0.00 0.20

0.40 0.60

0.80 1.00

1.20 1.40
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Percent
Chabot-Las Positas Community College District School District Alameda County Wide Levy Source: Alameda County Assessor's Office
183
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Employer Value Rank Value Value Rank Value
Russell City Energy Company, LLC 270,600,000 1 0.008890039 496,173,868 1 2.76% Southland Mall LP 261,155,710 2 0.008579766 152,292,236 3 0.85% Lincoln Landing Property Owner Llc 231,955,389 3 0.007620445 Hayward 544 LLC 180,489,920 4 0.005929647
Gi ETS Hayward LLC 161,262,000 7 0.005297951
Clawiter Innovation LLC 152,663,334 5 0.005015458
PSB Northern Calif Industrial Portfolio LLC 147,390,193 6 0.00484222 197,869,979 2 1.10% Hayward Point Eden I Limited Partnership 117,104,302 8 0.003847235 98,476,852 5 0.55% Hayward Industrial Park Associates 109,137,930 9 0.003585516 92,630,302 7 0.52% IPT Hayward Logistics Center LLC 104,285,744 10 0.003426106 Bottling Group LLC 121,318,793 4 0.67%
SCI Limited Partnership 80,129,349 9 0.45%
Berkeley Farm Inc. 97,112,289 6 0.54%
Guardian KW Hayward LLC 89,080,522 8 0.50%
Impax Laboratories Inc. 80,842,696 10 0.45%
Subtotal $1,736,044,522 5.70% $1,505,926,886 8.38%
Total Assessed Valuation:

Fiscal Year 2023/2024 $30,438,560,306
Fiscal Year 2014/2015 $17,979,644,658
Source: Alameda County Assessor Fiscal Year Combined Tax Rolls City of Hayward
Principal Property Tax Payers
Current Year and Ten Years Ago
FY 2024 FY 2015
184

CITY OF HAYWARD

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
#
#
#
Percent of
Current Percent Delinquent Total Total Tax
Fiscal Total Tax of Levy Tax Tax Collections
Year Tax Levy Collections Collected Collections Collections to Tax Levy 2015 $26,474,019 $25,522,217 96.40% $382,845 $25,905,062 97.85% 2016 27,915,350 26,854,859 96.20% 446,987 27,301,846 97.80% 2017 29,275,215 28,172,161 96.23% 448,808 28,620,970 97.77% 2018 31,255,890 30,158,955 96.49% 410,565 30,569,520 97.80% 2019 33,360,474 32,234,964 96.63% 403,490 30,569,520 91.63% 2020 36,054,277 34,833,923 96.62% 505,412 32,638,455 90.53% 2021 38,025,883 36,767,160 96.69% 537,243 37,304,403 98.10% 2022 39,223,816 37,821,398 96.42% 604,452 38,425,850 97.97% 2023 41,759,359 40,260,859 96.41% 667,323 40,928,182 98.01% 2024 44,684,997 43,034,899 96.31% 733,353 43,768,252 97.95% Source: Alameda County Assessor Office
$10.0
$12.5
$15.0
$17.5
$20.0
$22.5
$25.0
$27.5
$30.0
$32.5
$35.0
$37.5
$40.0
$42.5
$45.0
$47.5
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Millions
Total Tax Levy Total Tax Collections
Source: Alameda County Assessor Office
185

CITY OF HAYWARD

RATIO OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
Governmental Activities
Tax Certificates Capital
Fiscal Allocation of Revenue Lease
and
Year Bonds Participation Bonds Subscription Total
2015 0 (a) $21,195,000 $2,695,717 $11,279,313 $35,170,031 2016 0 (a) 87,348,775 2,371,338 10,787,079 100,507,193
2017 0 (a) 91,613,001 2,044,350 9,050,057 102,707,408
2018 0 (a) 89,212,869 1,709,786 7,661,734 98,584,389
2019 0 (a) 84,487,311 1,372,620 6,444,597 92,304,528
2020 0 (a) 79,584,001 1,028,478 5,001,566 85,614,045
2021 0 (a) 74,484,994 681,218 4,225,876 79,392,088
2022 0 (a) 69,185,304 766,118 3,646,076 73,597,498
2023 0 (a) 63,681,523 138,251 3,049,397 66,869,171
2024 0 (a) 48,993,848 0 453,734 49,447,582
Business-Type Activities
Water Sewer
Fiscal Revenue Revenue Total Government Debt
Year Bonds Bonds Total Government Per Capita (b)
2015 $6,055,000 $42,151,592 $48,206,592 $83,376,623 $545 2016 5,525,000 38,116,304 43,641,304 144,148,497 906.68 2017 4,980,000 34,755,949 39,735,949 142,443,357 884.52 2018 4,420,000 31,370,520 35,790,520 134,374,909 829.32 2019 3,840,000 43,337,073 47,177,073 139,481,601 874.86 2020 3,245,000 38,786,145 42,031,145 127,645,190 796.23 2021 2,630,000 40,524,958 43,154,958 122,547,046 775.18 2022 2,000,000 36,523,498 38,523,498 112,120,996 698.18 2023 0 33,020,237 33,020,237 99,889,408 625.09 2024 0 29,505,247 29,505,247 78,952,829 494.17 Note : Debt amounts exclude any premiums, discounts, or other amortization amounts. (a) Tax Allocation Bonds are reported under Redevelopment Successor Agency as Fiduciary Fund as Redevelopment Agenc y was dissolved on January 31, 2012 as per ABx1 26 and AB1484. (b) Per Capita based on City population; refer to Demographic and Statistics Schedule for population data.

Source: City of Hayward
State of California, Department of Finance (population) U.S. Dept of Commerce, Bureau of the Census (income)
$0
$20
$40
$60
$80
$100
$120
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Millions
Total Governmental Activities Total Business-Type Activities 186
2023-24 Assessed Valuation: 31,053,700,119$
Redevelopment Incremental Valuation: (3,786,684,161)
Adjusted Assessed Valuation: 27,267,015,958 $
Total Debt City's Share of Debt
6/30/2024 % Applicable (1) 6/30/2024
DIRECT DEBT:

City of Hayward General Fund Obligations 49,447,582$ 100.000% 49,447,582$ 49,447,582$
Total Direct Debt 49,447,582$
OVERLAPPING TAX AND ASSESSMENT DEBT:

Alameda County $497,295,000 7.44% $36,988,802
Bay Area Rapid Transit District 2,445,575,000 2.953 72,217,830 Chabot-Las Positas Community College District 947,675,000 18.074 171,282,780 Castro Valley Unified School District 135,335,000 0.099 133,982 Hayward Unified School District 740,018,932 86.161 637,607,712 New Haven Unified School District 237,045,346 13.31 31,550,736 Pleasanton Unified School District 278,860,000 0.032 89,235 San Lorenzo Unified School District 208,575,000 15.305 31,922,404 Washington Township Healthcare District 462,295,000 1.674 7,738,818 Hayward Area Recreation and Park District 154,875,000 55.693 86,254,534 East Bay Regional Park District 144,520,000 4.642 6,708,618 City of Hayward Community Facilities District No. 1 3,870,064 100 3,870,064 City of Hayward 1915 Act Bonds 30,000 100 30,000
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 1,086,395,515$ Ratios to 2023-24 Assessed Valuation:

Subtotal Overlapping Tax and Assessment Debt 3.64%
DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Alameda County General Fund Obligations $656,746,000 7.44% $48,848,767 Alameda-Contra Costa Transit District Certificates of Participation 10,420,000 8.755 912,271 Hayward Unified School District General Fund Obligations 80,049,213 86.161 68,971,202 Pleasanton Unified School District General Fund Obligations 30,000,000 0.032 9,600 San Lorenzo Unified School District General Fund Obligations 7,635,000 15.305 1,168,537 Castro Valley Unified School District Certificates of Participation 4,010,000 0.099 3,970 Hayward Area Recreation and Park District General Fund Obligations 7,540,000 55.693 4,199,252 Eden Township Healthcare District General Fund Obligations 13,235,000 40.288 5,332,117 City of Hayward General Fund Obligations 45,038,780 100 45,038,780 City of Hayward Loans Payable 810 100 810
City of Hayward Capital Leases 144,423 100 144,423
129,445,716$
OVERLAPPING TAX INCREMENT DEBT (Successor Agencies): $40,100,000 7.529 & 100. % $21,425,482 21,425,482$
Total Direct Debt $45,184,013
Total Overlapping Debt $1,237,266,713
Grand Total Direct and Overlapping Debt 1,286,714,295$ (2) Combined Total Direct and Overlapping Debt 1,286,714,295$ (2) Ratios to 2023-24 Assessed Valuation:

Combined Total Direct and Overlapping Tax and Assessment Debt 4.30% NOTE:
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicabl e percentages were estimated
by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divid ed by the district's total taxable
assessed value.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligatio ns. Qualified Zone Academy
Bonds are included based on principal due at maturity.

Source: California Municipal Statistics, Inc.

CITY OF HAYWARD

COMPUTATION OF DIRECT AND OVERLAPPING DEBT
187

CITY OF HAYWARD

COMPUTATION OF LEGAL BONDED DEBT MARGIN
Last Ten Fiscal Years
ASSESSED VALUATION:

Secured property assessed value, net of
exempt real property $30,438,560,306
BONDED DEBT LIMIT (15.% OF ASSESSED VALUE) $4,565,784,046 AMOUNT OF DEBT SUBJECT TO LIMIT:

Total Bonded Debt $49,509,869
Less Tax Allocation Bonds and Sales Tax Revenue
Bonds, Certificate of Participation not subject to limit 49,509,869 Amount of debt subject to limit 0
LEGAL BONDED DEBT MARGIN $4,565,784,046
Total net debt
Total Net Debt Legal applicable to the limit
Fiscal Debt Applicable to Debt as a percentage
Year Limit Limit Margin of debt limit
2015 $2,696,946,699 0 $2,696,946,699 0.00%
2016 2,832,779,432 0 2,832,779,432 0.00%
2017 2,991,704,175 0 2,991,704,175 0.00%
2018 3,185,093,328 0 3,185,093,328 0.00%
2019 3,407,845,491 0 3,407,845,491 0.00%
2020 3,640,956,055 0 3,640,956,055 0.00%
2021 3,863,367,145 0 3,863,367,145 0.00%
2022 3,998,351,732 0 3,998,351,732 0.00%
2023 4,269,382,362 0 4,269,382,362 0.00%
2024 4,565,784,046 0 4,565,784,046 0.00%
Source: County of Alameda Auditors Office
188
Debt Service Requirements
Net Revenue
Fiscal Gross Operating Available for
Year Revenue (1) Expenses (2) Debt Service Principal Interest Total Ratio Coverage 2015 $73,564,675 $49,566,818 $23,997, 857 $1,615,000 $302,938 $1,917,938 12.51 2016 80,748,945 52,915,644 27,833,301 1,555,498 205,533 1,761,031 15.81 2017 82,325,821 60,602,745 21,723,076 886,781 151,341 1,038,122 20.93 2018 86,614,724 63,289,309 23,325,415 919,040 121,929 1,040,969 22.41 2019 102,636,863 60,860,754 41,776,109 450,133 90,738 540,871 77.24 2020 96,734,751 60,046,086 36,688,665 462,357 78,514 540,871 67.83 2021 93,001,615 62,364,681 30,636,934 479,467 66,069 545,536 56.16 2022 88,096,478 62,788,487 25,307,991 487,444 52,812 540,256 46.84 2023 96,389,299 71,699,492 24,689,807 1,555,726 39,473 1,595,199 15.48 2024 104,153,530 83,532,731 20,620,799
Notes: (1) Includes all Wastewater Operating Revenues, Non-operating Interest Revenue, Connection Fees and other Non-operating Revenue (2) Includes all Wastewater Operating Expenses less Depreciation and Interest

CITY OF HAYWARD

REVENUE BOND COVERAGE

WASTEWATER REVENUE BONDS

LAST TEN FISCAL YEARS
0 10
20 30
40 50
60 70
80 90
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Ratio Coverage
Source: City of Hayward Annual Financial Statement
189

CITY OF HAYWARD

BONDED DEBT PLEDGED REVENUE COVERAGE

TAX ALLOCATION BONDS

LAST TEN FISCAL YEARS
Tax Debt Service Requirements
Fiscal Increment
Year Revenue Principal Interest Total Coverage
2015 $5,365,287 $1,750,000 $2,253,588 $4,003,588 1.34
2016 6,427,560 1,835,000 2,173,931 4,008,931 1.60
2017 5,089,716 2,035,000 347,642 2,382,642 2.14
2018 3,163,863 1,685,000 1,550,975 3,235,975 0.98
2019 4,109,694 1,735,000 1,487,550 3,222,550 1.28
2020 3,791,673 1,805,000 1,417,450 3,222,450 1.18
2021 4,020,771 1,880,000 1,344,550 3,224,550 1.25
2022 3,701,590 1,975,000 1,254,250 3,229,250 1.15
2023 4,051,193 2,070,000 1,154,375 3,224,375 1.26
2024 3,560,563 2,180,000 1,049,625 3,229,625 1.10

$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
$13,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Thousands
Tax Increment Revenue Debt Service Payment
Source: City of Hayward Annual Financial Statements
190

CITY OF HAYWARD

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN FISCAL YEARS
City City
Fiscal City Per Capita Unemployment Alameda Co. Population Year Population Income Rate Population % of County
2015 152,889 25,770 13.2% 1,594,569 9.59%
2016 158,985 26,405 13.2% 1,627,865 9.77%
2017 161,040 27,774 13.3% 1,645,359 9.79%
2018 162,030 32,021 3.1% 1,660,202 9.76%
2019 159,433 29,583 2.8% 1,669,301 9.55%
2020 160,311 37,243 11.0% 1,670,834 9.59%
2021 158,089 7.6% 1,656,591 9.54%
2022 160,591 3.2% 1,651,979 9.72%
2023 159,800 4.8% 1,636,194 9.77%
2024 159,770 5.1% 1,641,869 9.73%
Note: FY21 data not available for Per Capita Income
Sources: U.S. Census Bureau
State of California - Department of Finance, Office of The Director State of California - Employment Development Department, Labor Market Information Division 0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Unemployment Rate (%)
8%
9%
10%
11%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
City Population as a % of County Population

1.4 1.5

1.6 1.7
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Alameda Co. Population
$5
$10
$15
$20
$25
$30
$35
$40
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Thousands
Per Capita Income
191
FY 2024
Number Percentage
of
of Total City
Employer Employees Rank Employment
Hayward Unified School District * 2,500 1 1.7%
California State University East Bay * 1,447 2 1.0%
Kaiser Permanente Medical Center 1,200 3 0.8%
City of Hayward 845 4 0.6%
St. Rose Hospital 842 5 0.6%
Gillig Corporation 700 6 0.5%
IMPAX Laboratories Inc
* 700 7 0.5%
Chabot Community College * 600 8 0.4%
Bay Cities Auto Auction 500 9 0.3%
Marelich Mechanical 500 10 0.3%
Alameda County Sheriff's Department
*
Baxter Bio Pharma *
Berkeley Farms, LLC *
Fremont Bank Operations Center *
Illumina *
Pentagon Technologies *
Plastikon Industries, LLC *
Siemens Building Tech *
Subtotal 9,834 6.5%
Total City Population Using Census Data 151,037
Source: City of Hayward Adopted Operating Budget FY24
Note: FY24 data not available for ranking or total employment. * Presented in alphabetical order based on economic development's assessment.

City of Hayward
Principal Employers
Current Year and Ten Years Ago
FY 2014
192
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Function
General government 165.00 175.00 168.50 168.50 181.50 188.25 186.25 185.75 191.85 189.85 Public safety 439.50 457.00 459.00 460.00 469.00 473.00 473.00 473.00 473.00 480.00 Public works 26.00 20.50 19.56 20.71 20.56 24.00 24.45 24.15 24.95 29.75 Library and community services 40.20 42.20 42.80 44.80 35.80 36.80 36.80 37.80 38.30 40.80 Development services 36.00 39.00 50.00 50.00 49.50 50.00 50.00 50.00 50.00 57.00 Water 58.50 57.30 60.61 60.46 61.41 61.26 60.71 61.61 57.61 59.91 Wastewater 56.00 70.40 71.58 73.58 73.78 73.24 73.34 75.24 78.44 78.34 Solid Waste 3.00 2.80 2.75 2.75 2.75 2.75 2.75 2.25 2.15 2.15 Total 824.20 864.20 874.80 880.80 894.30 909.30 907.30 909.80 916.30 937.80 Source: City of Hayward Adopted Operating Budget
*Due to City of Hayward department reorganization, Community Development and Culture and Leisure departments no longer exist.

CITY OF HAYWARD
Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years
0 100
200
300
400
500
600
700
800
900
1,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General government Public safety Public works Library and community services Development services Water Wastewater Solid Waste
193
2020 2021 2022 2023 2024
Function/Program
Public safety:

Fire alarms 18,860 18,414 20,361 23,379 21,298
Police: (Uniform Crime Reporting Statistics)
Crimes Against Property 5,462 4,682 4,918 8,134 8,839
Crimes Against Person 568 520 511 1,652 1,586
Arson calls 20 19 28 18 21
Public works
Pavement Condition Index (PCI)* 69 70 69 71 73
*Industry measure of street condition with 100 ideal score Annual pavement improvement projects 10 10 10 9 12
Airport operations count/flights 90,048 126,219 132,096 128,954 111,756 Airport reported based aircraft 461 461 461 447 447
Community Services
Social Services Projects Funded 18 26 19 18 17
Facilities Projects Funded 11 442
Economic Development Projects Funded 26 524
New Housing/Rehab Projects Funded 22 232
Public Services Projects Funded 5 1 8 767
Measure B Projects Funded 84 650
Measure BB Projects Funded 01 115
ARPA Projects Funded 33
Development Services - Planning
Active Subdivisions 40 48 38 29 28
Active Parcel Maps 11 12 13 17 16
Affordable Housing Development Units Funded 0 0 182 76 10 Building Permits 4,501 4,291 4,517 5,150 4,065
Residential Rental Inspections 943 334 142 699 262
Library and neighborhood services
Library Materials in Collection 204,416 154,535 158,258 162,172 167,341 Library Circulation (Items checked out) 395,758 144,108 370,628 455,913 455,936 Community Preservation Cases 2,522 2,518 2,159 1,734 1,935 Water
Water service connections 38,236 38,532 37,764 38,073 38,371 Water main breaks 17 19 9 16 15
Average daily consumption (thousands of gallons or gallons) 13,962 14,405,184 13,901,276 12,886,593 13,135,112 Wastewater
Sewer service connections 35,256 35,256 35,497 35,950 36,206 Average daily treatment (thousands of gallons) 10,717 10,355 10,605 12,379 11,839 Solid Waste
Landfilled waste recycled and diversion rate* 66% 73% 74% 74% 73% *Diversion rate beginning in calendar year 2000 and each year thereafter.
(a) Excluded Simple assault calls, restated prior years.

Source: City of Hayward

CITY OF HAYWARD
Operating Indicators by Function/Program
Last Four Fiscal Years
194
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2015 2016 2017 2018 2019
Function/Program
Public safety:

Fire stations (a) 99999
Number of firefighters and officers (b) 118 118 114 129 124 Police stations 11111
Number of police officers (c) 177 186 194 176 178
Public works
Miles of streets 266 283 283 283 283
Street lights 8,178 8,273 8,288 8,238 8,327
Traffic Signals 134 134 136 143 146
Airport 11111
Library and neighborhood services
City Libraries 22222
Water
Number of consumers 150,000 150,000 155,000 160,500 159,500 Average daily consumption (gallons) 13,600,000 12,255,000 12,870,000 14,650,000 14,046,000 Miles of water mains 385 385 385 385 391
Storage capacity (gallons) 29,350,000 29,350,000 30,550,000 30,550,000 25,350,000 Wastewater
Miles of sewers 325 325 325 325 321
Number of treatment plants 11111
Treatment capacity (gallons) 18,500,000 18,500,000 18,500,000 18,500,000 18,400,000 (a) Includes Fairview Fire District Station under contract (b) Represents actual hired firefighters and officers which may be different than budgeted number of positions (c) Represents actual hired police officers which may be different than budgeted number of positions Sources: City of Hayward

CITY OF HAYWARD
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Fiscal Year Ended June 30,
196
2020 2021 2022 2023 2024
9 9999
122 121 125 128 143
1 1111
181 169 161 154 160
283 283 283 283 283
8,327 8,327 8,377 8,383 8,382
146 146 146 146 146
1 1111
2 2222
159,203 162,954 159,827 163,782 162,954
13,962,000 14,405,184 13,901,276 12,886,593 13,135,112
391 391 391 391 404
31,250,000 25,000,000 25,000,000 25,000,000 25,000,000
321 321 321 321 321
1 1111
18,500,000 18,500,000 18,500,000 18,500,000 18,500,000
Fiscal Year Ended June 30,
197
This Page Left Intentionally Blank

Finance Department, 777 B Street, Hayward CA 94541
www.hayward-ca.gov

CITY OF HAYWARD
Hayward City Hall
777 B Street
Hayward, CA 94541
www.Hayward-CA.gov
File #: CONS 25-156
DATE: April 15, 2025
TO: Mayor and City Council
FROM: Director of Public Works

SUBJECT
Adopt a Resolution Authorizing the City Manager to Execute a Professional Services Agreement with LPA, Inc., in a Not-to-Exceed Amount of $550,000 for Site Assessment and Conceptual Design Services for Public Safety Center Project, Project No. 07423 and Appropriating Additional Funds in the Amount of $125,000

RECOMMENDATION
That the City Council adopts a resolution (Attachment II) to:
(1) Authorize the City Manager to execute a Professional Services Agreement with LPA, Inc. (LPA), in a not-to-exceed amount of $550,000 and
(2) Appropriate additional funds in the amount of $125,000.

SUMMARY
The existing Hayward Police Department (HPD) station no longer meets the space, operational, staffing, and security requirements for the HPD. A new Public Safety Center (PSC) is needed to fulfill the requirements. Two locations have been identified as possible sites. A request for proposals was issued seeking architectural firms to provide proposals with their public safety expertise to best utilize each of the two locations and for the conceptual design. Seven proposals were received which staff evaluated and recommend awarding the contract to LPA. On June 25, 2024, City Council adopted a resolution authorizing the City Manager to appropriate $500,000 from the Measure C Capital Fund. An appropriation of additional funds in the amount of $125,000 will be needed for the contract with LPA and staff support for this level of design.

ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution
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File #:CONS 25-156
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