Balance at Balance at Amount due
June 30, 2021 Retirements June 30, 2022 in one year
Fiduciary Activities
2016 Tax AllocationRefunding Bonds, 3.00%-5.00%, 2032 18,535,000$ (1,345,000)$ 17,190,000$ 1,410,000$ Unamortized Premium 932,746 (92,489) 840,257 92,489 Total debt 19,467,746$ (1,437,489)$ 18,030,257$ 1,502,489$
Semiannual debt service payments are due August 1 and February 1, and are repayable from tax increment revenues of the Redevelopment Agency Project Area. Annual debt service requirements combined are shown below:
For the Year
Ending June 30 Principal Interest Total
2023 $1,410,000 $628,469 2,038,469$
2024 1,485,000 556,094 2,041,094 2025 1,550,000 480,219 2,030,219 2026 1,630,000 400,719 2,030,719 2027 1,715,000 334,244 2,049,244 2028-2032 9,400,000 812,066 10,212,066 Total 17,190,000 3,211,811$ 20,401,811$ Unamortized Premium 840,257
Total Debt 18,030,257$
EXHIBIT A
251
90 City of Livermore
Notes to Financial Statements
June 30, 2022
Commitments and Contingencies
The City and former Agency have entered into a variety of development agreements with third parties to provide needed improvements and proje cts. Activities under agreements for which there are continuing commitments are disclosed in the following paragraphs. Additionally, the City and Agency have other agreements that entitle them to collect certain loans or notes receivable which are disclosed in Note 5.
Last and Final Recognized Obligation Payment Schedule (LFROPs) In September 2018, the State Department of Finance (DOF) approved the Successor Agency’s Last and Final Recognized Obligation Payment Schedule (LFROP). The Successor Agency will continue to receive property tax increment revenue to pay items listed on the LFROPs, without any objections by the DOF, until all obligations are paid off.
Loans between the LSA and the City
The remaining loan left for the Successor agency is the SERAF Loan, with a current balance of $ 543,438. Further information on the loans is provided in Note 5.
EXHIBIT A
252
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Required Supplementary Information
June 30, 2022
City of Livermore
EXHIBIT A
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EXHIBIT A
254
91 City of Livermore
Notes to Required Supplementary Information
Fiscal Year Ended June 30, 2022
Note 1 - Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget to Actual
The Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget to Actual presents the comparison of actual balances with the balances budgeted for revenues, expenses, and transfers. This schedule is presented for General Fund, Low Income Housing Special Revenue Fund and Housing Successor Special Revenue Fund.
The City’s funds are required to adopt an annual budget prepared on a basis generally consistent with Generally Accepted Accounting Principles (GAAP).
Note 2 - Agent Multiple-Employer Defined Benefit Pension Plan (Miscellaneous Plan):
Schedule of Changes in the Net Pension Liability and Related Ratios
This schedule reports the beginning and ending balances of the total pension liability, the plan assets available for pension benefits (called plan net position), and the net pension liability, as well as the change in those amounts during the year presented by cause (similar to the note disclosure). It also reports the total pension liability, plan net position, net pension liability, a ratio of plan net position divided by the total pension liability, the payroll amount for current employees in the plan (covered-employee payroll), and a ratio of the net pension liability divided by covered payroll.
Schedule of Contributions
This schedule reports the agent multiple-employer’s contributions to the plan which are actuarially determined, the employer’s actual contributions, the difference between the actual and actuarially determined contributions, and a ratio of the actual contributions divided by covered payroll.
Note 3 - Cost-Sharing Employer Defined Benefit Pension Plan (Safety Plan)
Schedule of Proportionate Share of the Net Pension Liability
This schedule reports the proportion (percentage) of the collective net pension liability, the proportionate share (amount) of the collective net pension liability, the employer’s covered employee payroll, the proportionate share (amount of the collective net pension liability as a percentage of the employer’s covered employee payroll and the pension plan’s fiduciary net position as a percentage of the total pension liability.
Schedule of Contributions
This schedule reports the cost sharing employer’s contributions to the plan which are actuarially determined, the employer’s actual contributions, the difference between the actual and actuarially determined contributions.
EXHIBIT A
255
92 City of Livermore
Notes to Required Supplementary Information
Fiscal Year Ended June 30, 2022
Note 4 - Other Post-Employment Benefits
Schedule of Changes in the City’s Net OPEB Liability and Related Ratios
This schedule presents information about the components of the net OPEB liability and related ratios, including the OPEB plan’s fiduciary net position as a percentage of the total OPEB liability, and the net OPEB liability as a percentage of covered-employee payroll.
Schedule of Contributions
This schedule reports the City’s contributions to the plan which are actuarially determined, the employer’s actual contributions, the difference between the actual and actuarially determined contributions, and a ratio of the actual contributions divided by covered-employee payroll.
EXHIBIT A
256
See Notes to Required Supplementary Information 93
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – General Fund Fiscal Year Ended June 30, 2022
Variance
Budgeted Amounts Final Budget
Actual Amounts Positive
Original Final Budgetary Basis (Negative)
REVENUES
Property taxes 41,401,520$ 40,464,176$ 40,754,977$ 290,801$ Sales taxes 34,094,000 37,550,000 39,907,361 2,357,361 Other taxes 15,349,546 19,068,281 18,389,594 (678,687) Licenses and permits 2,596,220 3,315,100 4,236,642 921,542 Intergovernmental 16,267,460 17,030,373 16,836,276 (194,097) Contributions from outside sources - 1,525,000 - (1,525,000) Fines and forfeitures 370,000 345,000 444,025 99,025 Charges for current services 8,063,192 8,694,548 7,349,982 (1,344,566) Use of money and property 3,830,381 4,075,607 (2,577,866) (6,653,473) Miscellaneous 469,750 580,761 1,660,818 1,080,057 Total Revenues 122,442,069 132,648,846 127,001,809 (5,647,037)
EXPENDITURES
Current:
General Government:
City Council 190,327 261,587 258,735 2,852 City Manager 2,175,705 2,348,261 2,256,757 91,504 City Attorney 2,214,168 2,186,599 2,138,236 48,363 Administrative Services 7,276,064 7,636,218 6,889,087 747,131 General Services 3,569,999 4,411,457 4,293,624 117,833 Fire 23,822,187 24,041,576 24,285,574 (243,998) Police 41,631,320 40,734,282 40,217,788 516,494 Public Works 9,082,280 11,339,796 11,066,658 273,138 Community Development 17,720,519 20,157,740 18,965,240 1,192,500 Economic Development 3,066,986 2,893,622 2,768,806 124,816 Library 6,258,888 6,457,668 6,286,856 170,812 Capital Outlay 13,387,000 12,167,090 10,386,477 1,780,613 Total Expenditurs 130,395,443 134,635,896 129,813,838 4,822,058
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (7,953,374) (1,987,050) (2,812,029) (824,979)
OTHER FINANCING SOURCES (USES)
Transfers in 4,278,135 705,275 790,118 84,843 Transfers (out) (6,759,479) (6,294,486) (6,372,427) (77,941) Total Other Financing Sources (Uses) (2,481,344) (5,589,211) (5,582,309) 6,902 Net change in fund balance (10,434,718) (7,576,261) (8,394,338) (818,077)$ Fund balance-beginning 77,177,493 77,177,493 77,177,493 Fund balance-ending 66,742,775$ 69,601,232$ 68,783,155$
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
257
See Notes to Required Supplementary Information 94
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Low Income Housing Special Revenue Fund
Fiscal Year Ended June 30, 2022
Variance
Positive
Budget Actual (Negative)
REVENUES
Contributions from outside sources -$ 45,115$ 45,115$ Charges for services 1,000,000 1,195,114 195,114 Use of money and property 154,443 (155,249) (309,692) Miscellaneous 110,000 550,832 440,832 Total Revenues 1,264,443 1,635,812 371,369
EXPENDITURES
Current:
Community Development 5,893,565 4,874,373 1,019,192 Capital Outlay: 470,000 464,430 5,570 Total Expenditures 6,363,565 5,338,803 1,024,762
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (5,099,122) (3,702,991) 1,396,131
OTHER FINANCING SOURCES (USES)
Transfers in - 115,679 115,679 Transfers (out) (765,375) (903,916) (138,541) Total Other Financing Sources (Uses) (765,375) (788,237) (22,862) Net change in fund balance (5,864,497)$ (4,491,228) 1,373,269$ Fund balances - beginning 19,362,918
Fund balances - ending 14,871,690$
LOW INCOME HOUSING SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
258
See Notes to Required Supplementary Information 95 City of Livermore
Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan Last Ten Fiscal Years*
2014 2015 2016 2017 2018 2019 2020 2021
Total Pension Liability3
Service Cost 4,972,951$ 4,537,193$ 4,562,441$ 5,221,025$ 5,353,724$ 5,434,229$ 5,542,184$ 5,758,510$ Interest on total pension liability 16,548,323 17,148,686 18,070,523 18,672,998 19,302,859 20,616,830 21,754,166 22,490,655 Changes in assumptions4 - (4,175,908) - 15,364,082 (2,304,595) - - - Differences between expected and actual experience - (3,477,134) 1,428,415 (1,649,050) (921,100) 6,244,408 3,404,399 (2,611,847) Benefit payments, including refunds of employee contributions (9,745,631) (10,512,026) (11,641,525) (11,823,392) (12,027,431) (13,100,635) (14,104,669) (14,879,565) Net change in total pension liability 11,775,643 3,520,811 12,419,854 25,785,663 9,403,457 19,194,832 16,596,080 10,757,753 Total pension liability - beginning 223,030,646 234,806,289 238,327,100 250,746,954 276,532,617 285,936,074 305,130,906 321,726,986 Total pension liability - ending (a) 234,806,289$ 238,327,100$ 250,746,954$ 276,532,617$ 285,936,074$ 305,130,906$ 321,726,986$ 332,484,739$ Plan fiduciary net position
Contributions - employer 5,315,795$ 5,509,908$ 6,359,536$ 7,245,912$ 7,671,730$ 8,682,861$ 9,778,161$ 10,678,645$ Contributions - employee 2,148,997 1,995,107 2,089,854 2,145,822 2,298,455 2,383,496 2,349,388 2,345,433 Net investment income 26,647,212 3,984,421 936,187 19,644,077 16,437,015 13,686,966 10,900,291 51,699,700 Benefit payments (9,745,631) (10,512,026) (11,641,525) (11,823,392) (12,027,431) (13,100,635) (14,104,669) (14,879,565) Net plan to plan resource movement - - - - (481) - - - Administrative expense - (201,583) (109,139) (260,907) (301,784) (147,841) (308,279) (227,049) Other miscellaneous income/(expense) - - - - (573,094) 481 - - Net change in plan fiduciary net position 24,366,373 775,827 (2,365,087) 16,951,512 13,504,410 11,505,328 8,614,892 49,617,164 Total fiduciary net position - beginning 153,937,012 178,303,385 179,079,212 176,714,125 193,665,637 207,170,047 218,675,375 227,290,267 Total fiduciary net position - ending (b) 178,303,385$ 179,079,212$ 176,714,125$ 193,665,637$ 207,170,047$ 218,675,375$ 227,290,267$ 276,907,431$ Net pension liability - ending (a) - (b) 56,502,904$ 59,247,888$ 74,032,829$ 82,866,980$ 78,766,027$ 86,455,531$ 94,436,719$ 55,577,308$ Fiscal Year Ended 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 Plan fiduciary net position as a percentage of the
total pension liability 75.94% 75.14% 70.48% 70.03% 72.45% 71.67% 70.65% 83.28% Covered payroll 5 25,934,554$ 24,958,429$ 25,849,521$ 26,984,829$ 27,914,510$ 29,985,230$ 30,451,705$ 30,835,078$ Net pension liability as percentage of covered payroll 217.87% 237.39% 286.40% 307.09% 282.17% 288.33% 310.12% 180.24% Notes to Schedule
1 All Tiers of the Miscellaneous plan were combined on GASB 68 report by CalPERS. 3 Benefit changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2017 valuation date.
This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes). 4 Changes in assumptions: Discount rates 7.50% 7.65% 7.65% 7.15% 7.15% 7.15% 7.15% 7.15% 5 Includes one year’s payroll growth using 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018‐20; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014‐17. 2 This schedule is intended to show information for 10 years. Information in this schedule is not available prior to 2014. Additional years will be added to this schedule in future fiscal years until 10 years of data is presented.
SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Miscellaneous Plan1
An Agent Multiple-Employer Defined Benefit Pension Plan Last 10 Years2
Measurement period ended June 30,
EXHIBIT A
259
See Notes to Required Supplementary Information 96 City of Livermore
Schedule of the Plan’s Proportionate Share of the Net Pension Liability and Related Ratios as of the Measurement Date – Safety Police Plan Last Ten Fiscal Years
Proportionate
share of the net Plan's proportionate
penion share of the fiduciary
Liability/(assets) net position as a
Measurement Proportion Proportionate as a percentage percentage of the period ended of the net share of the net Plan's covered of its plan's total pension Fiscal Year June 30, pension liability pension liability payroll 2 covered payroll liability ended June 30, 2014 0.35300% 21,965,368$ 9,836,927$ 223.30% 81.45% 2015 2015 0.62029% 25,558,797 9,776,879 261.42% 79.04% 2016 2016 0.63978% 33,135,364 10,332,152 320.70% 74.13% 2017 2017 0.64020% 38,253,169 10,874,918 351.76% 73.15% 2018 2018 0.66102% 38,785,811 11,599,156 334.38% 74.09% 2019 2019 0.67581% 42,187,668 12,310,910 342.69% 74.04% 2020 2020 0.69837% 46,528,122 13,023,674 357.26% 72.96% 2021 2021 0.79545% 27,916,195 12,779,176 218.45% 86.61% 2022 1 This schedule is intended to show information for 10 years. Information in this schedule is not available prior to 2014.
Additional years will be added to this schedule in future fiscal years until 10 years of data is presented. 2 With the implementation of GASB 82, Covered Payroll is defined as the actual payroll on which contributions to a pension plan are based.
SCHEDULE OF THE PLAN'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AND RELATED RATIOS AS OF THE MEASUREMENT DATE Safety Police Plan
A Cost Sharing Defined Benefit Pension Plan
Last 10 Years1
EXHIBIT A
260
See Notes to Required Supplementary Information 97
City of Livermore
Schedule of Contributions – Miscellaneous Plan
Last Ten Fiscal Years*
Contributions in
relation to the
Fiscal year Actuarially actuarially Contributions Contributions as a ended determined determined deficiency Covered percentage of June 30, contributions contributions (excess) payroll covered payroll 2014 3 5,315,795$ (5,315,795)$ -$ 25,934,554$ 20.50% 2015 3 5,509,908 (5,509,908) - 24,958,429 22.08% 2016 3 6,359,536 (6,359,536) - 25,849,521 24.60% 2017 3 7,245,912 (7,245,912) - 26,984,829 26.85% 2018 3 7,671,730 (7,671,730) - 27,914,510 27.48% 2019 3 8,878,238 (8,878,238) - 29,985,230 29.61% 2020 4 10,004,357 (10,004,357) - 30,451,705 32.85% 2021 4 10,927,202 (10,927,202) - 30,835,078 35.44% 2022 4 11,735,625 (11,735,625) - 36,952,443 31.76% Entry age normal
Level percentage of payroll
Market value of assets
2.500%
Varies by Entry Age and Service
2.750%
7.00%, net of pension plan investment expense, including inflation. 50 years
Benefit changes: None
Changes in assumptions: None
1 All Tiers of the Miscellaneous plan were combined on GASB 68 report by CalPERS. 2 This schedule is intended to show information for 10 years. Information in this schedule is not available prior to 2014.
Additional years will be added to this schedule in future fiscal years until 10 years of data is presented. 3 Fiscal years noted in this table match with the fiscal years presented in the GASB 68 actuarial valuation report 4 As prescribed in GASB 68, paragraph 46, the information presented is from the most recent year
SCHEDULE OF CONTRIBUTIONS
Miscellaneous Plan1
An Agent Multiple-Employer Defined Benefit Pension Plan A fixed 30-year period with the increases or decreases in the rate spread directly over a 5- Asset valuation method
Last 10 Years2
Notes to Schedule
Inflation
Methods and assumptions used to determine
Actuarial cost method
Amortization method
Amortization period
Retirement age
Mortality The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period Salary increases
Payroll growth
Investment rate of return
EXHIBIT A
261
See Notes to Required Supplementary Information 98
City of Livermore
Schedule of Contributions – Safety Police Plan
Last Ten Fiscal Years*
Contributions in
Fiscal year Actuarially relation to the Contributions Contributions as a ended determined actuarially determined deficiency Covered percentage of June 30, contributions contributions (excess) payroll 4 covered payroll 2014 2 2,334,711$ (2,334,711)$ -$ 9,487,559$ 24.61% 2015 2 2,620,741 (2,620,741) - 9,776,879 26.81% 2016 2 2,894,745 (2,894,745) - 10,332,152 28.02% 2017 2 3,301,561 (3,301,561) - 10,874,918 30.36% 2018 2 3,759,899 (3,759,899) - 11,599,156 32.42% 2019 2 4,387,258 (4,387,258) - 12,310,910 35.64% 2020 3 5,095,707 (5,095,707) - 13,023,674 39.13% 2021 3 5,548,843 (5,548,843) - 12,779,176 43.42% 2022 3 5,916,978 (5,916,978) - 12,987,878 45.56% Changes in assumptions: None
1 This schedule is intended to show information for 10 years. Information in this schedule is not available prior to 2014.
Additional years will be added to this schedule in future fiscal years until 10 years of data is presented. 2 Fiscal years noted in this table match with the fiscal years presented in the GASB 68 actuarial valuation report 3 As prescribed in GASB 68, paragraph 46, the information presented is from the most recent year 4 Covered Payroll is defined as the actual payroll on which contributions to a pension plan are based.
SCHEDULE OF CONTRIBUTIONS
Safety Police Plan
A Cost Sharing Defined Benefit Pension Plan
Last 10 Years1
Notes to Schedule
Benefit changes: None
EXHIBIT A
262
See Notes to Required Supplementary Information 99 City of Livermore
Schedule of Changes in the City’s Net OPEB Liability and Related Ratios Last Ten Fiscal Years*
2017 2018 2019 2020 2021 2022
Service Cost 1,324,000$ 1,364,072$ 1,404,890$ 1,188,021$ 1,223,662$ 1,032,271$ Interest 4,461,000 4,645,578 4,827,840 4,936,407 5,115,274 4,869,477 Changes of benefit terms - - - - - - Changes in assumptions - - 4,311,034 - (1,463,176) 1,365,243 Differences between expected and actual experience - - (5,282,915) - (1,868,874) - Benefit payments, including refunds (2,839,793) (3,109,307) (3,383,525) (3,363,911) (3,452,661) (3,748,080) Net change in total OPEB liability 2,945,207 2,900,343 1,877,324 2,760,517 (445,775) 3,518,911 Total OPEB liability - beginning 68,715,793 71,661,000 74,561,343 76,438,667 79,199,184 78,753,409 Total OPEB liability - ending (a) 71,661,000$ 74,561,343$ 76,438,667$ 79,199,184$ 78,753,409$ 82,272,320$ Plan fiduciary net position
Contributions - employer 5,747,533$ 5,324,000$ 5,380,000$ 4,900,000$ 5,163,000$ 5,035,080$ Net investment income 2,128,521 2,012,498 1,855,034 805,844 10,050,944 (5,719,634) Benefit payments, including refunds (2,839,793) (3,109,307) (3,383,525) (3,363,911) (3,452,661) (3,748,080) Administrative expense (86,886) (102,288) (111,259) (121,024) (141,453) (78,844) Net change in plan fiduciary net position 4,949,375 4,124,903 3,740,250 2,220,909 11,619,830 (4,511,478) Plan fiduciary net position - beginning 17,215,192 22,164,567 26,289,470 30,029,720 32,250,629 43,870,459 Plan fiduciary net position - ending (b) 22,164,567$ 26,289,470$ 30,029,720$ 32,250,629$ 43,870,459$ 39,358,981$ City's net OPEB liability - ending (a) - (b) 49,496,433$ 48,271,873$ 46,408,947$ 46,948,555$ 34,882,950$ 42,913,339$ Plan fiduciary net position as a percentage of the
total pension liability 30.9% 35.3% 39.3% 40.7% 55.7% 47.8% Covered payroll 2 29,345,533$ 47,169,986$ 28,506,581$ 26,656,102$ 26,508,421$ 23,571,067$ City's net OPEB liability as a percentage of covered payroll 168.7% 102.3% 162.8% 176.1% 131.6% 182.1% 1 This schedule is intended to show information for 10 years. Additional years will be added to this schedule in future fiscal years until 10 years of data is presented. 2 With the implementation of GASB 82, Covered Payroll is defined as the actual payroll on which contributions to a pension plan are based.
Notes to Schedule
Benefit changes: None
Changes in assumptions:
- Discount Rate was updated from 6.25% to 6.00% for anticipated lower capital market assumptions in fiscal year 2022 - Decreased medical trend rate for Kaiser Senior Advantage plans - Medical Plan Election updated based on current experience - Mortalility improvement scale was updated to Scale MP-2020
SCHEDULE OF CHANGES IN THE CITY'S NET OPEB LIABILITY AND RELATED RATIOS Last 10 Fiscal Years 1
Measurement Date / Fiscal Year Ended June 30,
EXHIBIT A
263
See Notes to Required Supplementary Information 100
City of Livermore
Other Post-Employment Benefits
Last Ten Fiscal Years*
Contributions in
relation to the
Fiscal year Actuarially actuarially Contributions Contributions as a ended determined determined deficiency Covered percentage of June 30, contributions contributions (excess) payroll 2 covered payroll 2017 5,426,000$ (5,747,533)$ (321,533)$ 29,345,533$ 19.59% 2018 5,060,000 (5,324,000) (264,000) 47,169,986 11.29% 2019 5,082,000 (5,380,000) (298,000) 28,506,581 18.87% 2020 4,900,000 (4,900,000) - 26,656,102 18.38% 2021 4,963,000 (5,163,000) (200,000) 26,508,421 19.48% 2022 5,035,080 (5,035,080) - 23,571,067 21.36% June 30, 2020
Entry age, level percentage of payroll
Level percentage of payroll
16-year fixed period for 2021-22
Investment gains and losses spread over 5-year rolling period
2.75%
Healthcare cost trend rates Non-medicare - 7.0% for 2022 scaling down to 4.0% in 2076 Medicare - 6.1% for 2022 scaling down to 4.0% in 2076
2.75%
6.00%
Benefit changes: None
Changes in assumptions: None
1 This schedule is intended to show information for 10 years. Additional years will be added to this schedule in future fiscal years until 10 years of data is presented.
Salary increases
SCHEDULE OF CONTRIBUTIONS
OTHER POST EMPLOYEMENT BENEFITS
Last 10 Fiscal Years 1
Notes to Schedule
Valuation date:
Methods and assumptions used to determine
Actuarial cost method
Amortization method
Remaining amortization period
Asset valuation method
Inflation
2 With the implementation of GASB 82, Covered Payroll is defined as the actual payroll on which contributions to a pension plan are based.
Discount Rate
Mortality The probabilities of mortality are derived from CalPERS' Membership Data for all Funds based on CalPERS' specific data from a 2015 CalPERS Experience Study report, derived from data collected during fiscal years 1997 to 2015. The table includes Mortality improvement projection Scale MP-2018 with 15-year convergence.
EXHIBIT A
264
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Supplementary Information
June 30, 2022
City of Livermore
EXHIBIT A
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City of Livermore
Non-Major Governmental Funds
June 30, 2022
Special Revenue Funds are used to account for City revenues from sources that, by law or administrative action, are designated to finance particular functions or activities of government. The individual special revenue funds are as follows:
Housing Successor Agency
Established to account for assets and liabilities assumed by the City from the former Redevelopment Agency’s Low and Moderate Income Housing Fund.
Housing and Community Assistance
Established to account for outside resources used for Housing and Human Service programs that can be used to create and expand affordable housing opportunities.
Horizons
Established to account for the receipt of grant funds from the Federal Department of Health and Human Services (passed through the Alameda County Probation Department and the Alameda County Health Care Services Agency) for the youth diversion program.
Solid Waste Management
Established to account for funds received from waste hauler franchise fees and Alameda County Waste Management Authority used to administer and participate in City/County planning programs to ensure compliance with the California Integrated Solid Waste Management Act, AB 939.
Maintenance District
Established to account for the receipt and disbursement of Landscape and Maintenance District fees collected from developers and homeowners.
City Street Sweeping
Established to administer funds received through solid waste collection fees.
Park Fee
Established to administer the AB1600 funds received from developers to construct new parks in the City.
Other Special Revenue Funds
Established to account for City programs including the Public Art In-Lieu Fee Program, Altamont Open Space Program, and Brownfield Program.
PEG
Established to account for Public, Educational, and Government (PEG) Access funds received from local cable TV franchises used for capital related items for community cable programming.
Alameda County Transportation Funds
Established to account for funds received from the Alameda County Transportation Commission including Measure B funds, Measure F funds (Vehicle Registration Fees), and project-specific grant funds which provide funding for street maintenance and improvement programs, pedestrian programs, and transportation-related capital projects.
EXHIBIT A
267
102
City of Livermore
Non-Major Governmental Funds
June 30, 2022
Gas Tax
Established to account for revenue apportioned to the City from State Street & Highways Codes 2103, 2105, 2106, and 2107, and State Department of Transportation Proposition 1B funds which are expended for construction and maintenance of City streets.
Host Community Impact Fee
Established to account for the collection of Host Community Impact Fees from the Altamont and Vasco Road Landfills which are restricted for the use of promoting the arts in Livermore.
Other Impact Fee Special Revenue Fund
Established to account for other City impact fees including the Downtown Revitalization Impact Fee, Human Services Facilities Impact Fees, Parking Space Impact Fees, Storm Drain Impact Fees, and Solid Waste and Recycling Impact Fees to be expended according to their respective City ordinances.
Tri-Valley Transportation Council (TVTC) 20% Fee
Established to account for receipts of Tri-Valley Transportation Council fees for specific capital improvement projects.
Other Local, State, and Federal Grants Special Revenue Fund Established to account for various grants from local agencies, the State of California, and the Federal Government to be expended for a specific program, activity or facility.
Debt Service Funds are used to account for the payment of principal and interest on city-wide governmental debt.
2020 COP
Series A were issued to defease 2014 COP Series A. Series B were issued to defease LCPFA 2011 COP and the 2014 COP Series B.
Capital Projects Funds are used to account for and report financial resources that are restricted, committed or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets.
Traffic Impact Fee
Established to account for traffic impact fees collected from developers for the purpose of constructing or providing circulation system improvements.
Isabel Avenue
Established to account for the construction of new interchange on I-580 at Isabel Avenue/ Route 84 Extension. Financing is provided by Other Local, State and Federal Grant Funds, Alameda County Transportation Fund, and developer impact fees.
EXHIBIT A
268
103
City of Livermore
Non-Major Governmental Funds
June 30, 2022
El Charro Specific Plan
Established to account for the design and construction of the public infrastructure to serve the El Charro Specific Plan Area. Financing is provided by the Water Enterprise Fund, Storm Drain Fund, Traffic Impact Fee Fund, LCPFA COP 2008 and 2011 COP Construction Funds, Alameda County Zone 7 Water Agency, Alameda County Transportation Commission Grant Funds, State grants, City of Pleasanton, and development impact fees collected.
Developer Deposits
Established to account for developer fees received pursuant to development agreements, performance deposits, public park improvement fees and transportation development fees collected.
Other Capital Projects
Established to account for various quality community improvements including Transferable Development Credits from developers, fire station, Livermore park, and to account for construction of public improvements on College Avenue Assessment District 87-2A and Shea Community Facilities District.
Street Fund
Established to account for the construction and improvements of city streets including Vasco Road, Civic Center Bus Stop, and Route 84. Financing includes multiple sources including City funds (Tri-Valley Transportation Council Funds, Traffic Impact Fees) and third parties (California Department of Transportation, LAVTA and Agency Trust).
Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the government’s programs.
Doolan Canyon Endowment Fund
Established to account for an endowment restricted for items related to mitigation of the burrowing owl habitat.
EXHIBIT A
269
104
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2022
Housing Housing & Solid
Successor Community Waste Maintenance City Street
Agency Assistance Horizons Management District Sweeping ASSETS
Cash and investments in City Treasury 2,266,765$ 1,386,759$ 175,948$ 300,953$ 13,530,421$ 89,797$ Cash and investments with Trustees - - - - - - Accounts receivables, net - 3,267 122,990 62,361 20,230 489 Notes receivable 5,235,347 705,641 - - - - Land held for redevelopment - - - - - - Due from other funds - - - - - - Total Assets 7,502,112$ 2,095,667$ 298,938$ 363,314$ 13,550,651$ 90,286$
LIABILITIES
Accounts payable and other accruals 3$ -$ 656$ 9,800$ 181,972$ 36,636$ Accrued payroll - - 20,128 12,162 31,670 5,101 Deposits payable - - - - - - Advances from other funds - - - - - - Unearned rents and revenue - - - - - - Total Liabilities 3 - 20,784 21,962 213,642 41,737
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 4,691,909 705,641 - - - - Total deferred inflows of resources 4,691,909 705,641 - - - -
FUND BALANCE
Nonspendable - - - - - - Restricted 2,810,200 1,390,026 278,154 341,352 13,337,009 48,549 Committed - - - - - - Total Fund Balances (Deficits) 2,810,200 1,390,026 278,154 341,352 13,337,009 48,549 Total Liabilities, deferred inflows of resources,
and fund balances (deficits) 7,502,112$ 2,095,667$ 298,938$ 363,314$ 13,550,651$ 90,286$
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2022
SPECIAL REVENUE FUNDS
EXHIBIT A
270
105
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2022
Alameda
Other County Host Other
Park Special Revenue Transportation Community Impact TVTC 20% Fee Funds PEG Funds Gas Tax Impact Fee Fee Fee
4,753,394$ 6,307,651$ 1,209,039$ 7,758,656$ 11,334,481$ 1,125,276$ 6,576,512$ 3,273,403$ - - - - - - - - - 549 62,639 882,624 320,303 255,467 - - - 75,384 - - - - - - - - - - - - - - - - - - - - - - 4,753,394$ 6,383,584$ 1,271,678$ 8,641,280$ 11,654,784$ 1,380,743$ 6,576,512$ 3,273,403$ 931,102$ 288,602$ -$ 367,177$ 91,042$ 24,259$ 31,452$ 60,357$ - - - - - - - - - - - 2,500 - - - - - - - - - - 3,874,396 - 66,765 465,181 - - - - - - 997,867 753,783 - 369,677 91,042 24,259 3,905,848 60,357 - 75,384 - - - - - - - 75,384 - - - - - - - - - - - - - - 3,755,527 2,956,474 1,271,678 8,271,603 11,563,742 1,356,484 2,670,664 3,213,046 - 2,597,943 - - - - - - 3,755,527 5,554,417 1,271,678 8,271,603 11,563,742 1,356,484 2,670,664 3,213,046 4,753,394$ 6,383,584$ 1,271,678$ 8,641,280$ 11,654,784$ 1,380,743$ 6,576,512$ 3,273,403$ (Continued)
SPECIAL REVENUE FUNDS
EXHIBIT A
271
106
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2022
SPECIAL REVENUE
FUND
DEBT SERVICE
FUND
Other
Local, State Traffic
and Federal Impact El Charro Developer
Grants 2020 COP Fee Specific Plan Deposits
Cash and investments in City Treasury 4,241,204$ -$ 22,706,514$ 887$ 3,080,309$ Cash and investments with Trustees - - - - - Accounts receivables, net 225,670 - - - - Notes receivable 2,513,542 - - - - Land held for redevelopment - - - - - Due from other funds - - - - - Total Assets 6,980,416$ -$ 22,706,514$ 887$ 3,080,309$ Accounts payable and other accruals 275,366$ -$ 60,611$ -$ 20,287$ Accrued payroll 4,741 - - - - Deposits payable 735,114 - - - 1,271,728 Advances from other funds - - - - - Unearned rents and revenue 28,122 - - - 1,794,196 Total Liabilities 1,043,343 - 60,611 - 3,086,211
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 2,513,542 - - - - Total deferred inflows of resources 2,513,542 - - - -
FUND BALANCE
Nonspendable - - - - - Restricted 3,423,531 - 22,645,903 887 (5,902) Committed - - - - - 3,423,531 - 22,645,903 887 (5,902) Total Liabilities, deferred inflows of resources,
and fund balances (deficits) 6,980,416$ -$ 22,706,514$ 887$ 3,080,309$ ASSETS
LIABILITIES
COMBINING BALANCE SHEET
JUNE 30, 2022
CAPITAL PROJECTS FUNDS
EXHIBIT A
272
107
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2022
CAPITAL
PROJECTS
PERMANENT
FUND
Total
Other Nonmajor
Capital Street Doolan Canyon Governmental
Projects Fund Endowment Fund Funds
13,079,474$ 69,166$ 3,504$ 103,270,113$ - - 576,451 576,451 - 66 - 1,956,655 - - - 8,529,914 - - - - - - - - 13,079,474$ 69,232$ 579,955$ 114,333,133$ 328,777$ -$ 2,668$ 2,710,767$ - - - 73,802 - - - 2,009,342 - - - 3,874,396 - - - 2,354,264 328,777 - 2,668 11,022,571 - - - 7,986,476 - - - 7,986,476 - - 577,287 577,287 12,750,697 69,232 - 92,148,856 - - - 2,597,943 12,750,697 69,232 577,287 95,324,086 13,079,474$ 69,232$ 579,955$ 114,333,133$
EXHIBIT A
273
108
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2022
Housing Housing & Solid
Successor Community Waste Maintenance City Street
Agency Assistance Horizons Management District Sweeping
REVENUES
Taxes and special assessments -$ -$ -$ -$ 4,363,686$ -$ Intergovernmental - - 32,909 259,592 - - Contributions from outside sources - - 30,309 - - - Charges for services - - 586,189 240,128 - 672,090 Use of money and property (55,956) 10,166 - (7,118) - - Miscellaneous 110,366 100,814 932 - - - Total Revenues 54,410 110,980 650,339 492,602 4,363,686 672,090
EXPENDITURES
Current:
General Government
City Manager - - - - - - Fire - - - - - - Police - - 914,307 - - - Public Works - - - 622,320 3,227,749 725,374 Community Development 604,562 2,451 - - - - Economic Development - - - - - - Library - - - - - - Capital Outlay: -
Capital projects - - - - - - Debt service:
Principal retirement - - - - - - Interest and fiscal charges - - - - - - Total Expenditures 604,562 2,451 914,307 622,320 3,227,749 725,374
EXCESS (DEFICIENCW) OF REVENUES
OVER EXPENDITURES (550,152) 108,529 (263,968) (129,718) 1,135,937 (53,284)
OTHER FINANCING SOURCES (USES)
Transfers in - - 450,558 - 278,520 - Transfers (out) - (115,679) - - (206,209) - Total Other Financing Sources (Uses) - (115,679) 450,558 - 72,311 - Change in fund balances (550,152) (7,150) 186,590 (129,718) 1,208,248 (53,284) Net change in fund balances (550,152) (7,150) 186,590 (129,718) 1,208,248 (53,284) Fund balances (deficits)- beginning 3,360,352 1,397,176 91,564 471,070 12,128,761 101,833 Fund balances (deficits)- ending 2,810,200$ 1,390,026$ 278,154$ 341,352$ 13,337,009$ 48,549$
SPECIAL REVENUE FUNDS
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2022
EXHIBIT A
274
109
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2022
Other Alameda County Host Other
Park Special Revenue Transportation Community Impact TVTC Fee Funds PEG Funds Gas Tax Impact Fee Fee 20% Fee
-$ -$ -$ -$ -$ -$ -$ -$ - - - 3,650,707 3,940,841 - - - - 9,044 - - - 517,218 - - 1,548,477 139,974 - - - - 1,324,724 43,248 (161,957) (85,925) - (188,534) (318,933) 9,722 - (106,190) - 2,500 250,634 - - - - - 1,386,520 65,593 250,634 3,462,173 3,621,908 526,940 1,324,724 (62,942) - - 44,739 - - - - - - - - - - - - - - - - - - - - - - - - 232,057 - 40,829 - - 1,424,130 27,902 - 246,466 147,888 - 927,704 - - 143,850 - - 0!$P$3:$P$5701,EXP!$B$3:$B$5701,Z$2,EXP!$D$3:$D$5701,"Economic*") - - - - - - - - - - - - 4,707,805 428,315 - 1,299,860 1,306,652 - 90,174 602,771 - - - - - - - - - - - - - - - - 6,131,935 600,067 44,739 1,778,383 1,454,540 40,829 1,017,878 602,771 (4,745,415) (534,474) 205,895 1,683,790 2,167,368 486,111 306,846 (665,713) - 8,494 - - - - - - - (10,970) - - (110,561) (475,000) - - - (2,476) - - (110,561) (475,000) - - (4,745,415) (536,950) 205,895 1,683,790 2,056,807 11,111 306,846 (665,713) (4,745,415) (536,950) 205,895 1,683,790 2,056,807 11,111 306,846 (665,713) 8,500,942 6,091,367 1,065,783 6,587,813 9,506,935 1,345,373 2,363,818 3,878,759 3,755,527$ 5,554,417$ 1,271,678$ 8,271,603$ 11,563,742$ 1,356,484$ 2,670,664$ 3,213,046$ (Continued)
SPECIAL REVENUE FUNDS
EXHIBIT A
275
110
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2022
SPECIAL REVENUE FUND
Other
Local, State Traffic
and Federal Impact El Charro Developer
Grants 2020 COP Fee Specific Plan Deposits
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ Intergovernmental 1,669,682 - - - - Contributions from outside sources 23,417 - - - - Charges for services 30,175 - 878,009 887 - Use of money and property 103,144 - (684,675) - - Miscellaneous 191,264 32 - - (5,902) Total Revenues 2,017,682 32 193,334 887 (5,902)
EXPENDITURES
Current:
General Government:
City Manager - - - - - Fire 6,450 - - - - Police 451,303 - - - - Public works 27,019 - - - - Community Development 1,045,912 - - - - Economic Development - - - - - Library 100,784 - - - - Capital Outlay:
Capital projects 531,489 - 906,365 33,849 - Debt service:
Principal retirement 599,758 2,687,470 - - - Interest and fiscal charges 83,372 1,663,548 - - - Total Expenditures 2,846,087 4,351,018 906,365 33,849 -
EXCESS (DEFICIENCW) OF REVENUES
OVER EXPENDITURES (828,405) (4,350,986) (713,031) (32,962) (5,902)
OTHER FINANCING SOURCES (USES)
Transfers in 516,035 4,350,986 - - - Transfers (out) (13,536) - (60,965) - - Total Other Financing Sources (Uses) 502,499 4,350,986 (60,965) - - Change in fund balances (325,906) - (773,996) (32,962) (5,902) Net change in fund balances (325,906) - (773,996) (32,962) (5,902) Fund balances (deficits)- beginning 3,749,437 - 23,419,899 33,849 - Fund balances (deficits)- ending 3,423,531$ -$ 22,645,903$ 887$ (5,902)$
CAPITAL PROJECTS FUNDS
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2022
EXHIBIT A
276
111
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2022
PERMANENT FUND
Total
Other Nonmajor
Capital Street Doolan Canyon Governmental
Projects Fund Endowment Funds
-$ -$ -$ 4,363,686$ - - - 9,553,731 - - - 579,988 - - - 5,463,901 - 88 (69,252) (1,555,420) - - - 650,640 - 88 (69,252) 19,056,526 - - - 44,739 - - - 6,450 - - - 1,365,610 - - - 4,875,348 - - 37,684 4,464,699 - - - 143,850 - - - 100,784 1,807,055 - - 11,714,335 - - - 3,287,228 - - - 1,746,920 1,807,055 - 37,684 27,749,963 (1,807,055) 88 (106,936) (8,693,437) - - - 5,604,593 - - (8,494) (1,001,414) - - (8,494) 4,603,179 (1,807,055) 88 (115,430) (4,090,258) (1,807,055) 88 (115,430) (4,090,258) 14,557,752 69,144 692,717 99,414,344 12,750,697$ 69,232$ 577,287$ 95,324,086$
CAPITAL PROJECTS FUNDS
EXHIBIT A
277
112
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
HOUSING SUCCESSOR HOUSING & COMMUNITY ASSISTANCE HORIZONS Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Intergovernmental - - - - - - Contributions from outside sources - - - - - - Charges for services - - - - - - Use of money and property 44,629 (55,956) (100,585) 5,100 10,166 5,066 Miscellaneous 105,000 110,366 5,366 41,000 100,814 59,814 Total Revenues 149,629 54,410 (95,219) 46,100 110,980 64,880
EXPENDITURES
Current:
General Government:
City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works - - - - - - Community Development 1,000,636 604,562 396,074 65,880 2,451 63,429 Economic Development - - - - - - Library - - - - - - Capital Outlay:
Capital projects - - - - - - Debt service:
Principal - - - - - - Interest and fiscal charges - - - - - - Total Expenditures 1,000,636 604,562 396,074 65,880 2,451 63,429
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (851,007) (550,152) 300,855 (19,780) 108,529 128,309
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - Transfers out - - - - (115,679) (115,679) Total Other Financing Sources (Uses) - - - - (115,679) (115,679) Net change in fund balance (851,007)$ (550,152) 300,855$ (19,780)$ (7,150) 12,630$ Fund balances (deficits)- beginning, as restated 3,360,352 1,397,176 Fund balances (deficits)- ending 2,810,200$ 1,390,026$
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
278
113
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
HORIZONS SOLID WASTE MANAGEMENT MAINTENANCE DISTRICT
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ 4,420,233$ 4,363,686$ (56,547)$ 31,000 32,909 1,909 280,000 259,592 (20,408) - - - 15,500 30,309 14,809 - - - - - - 575,000 586,189 11,189 240,128 240,128 - - - - - - - 999 (7,118) (8,117) 33,299 - (33,299) 3,000 932 (2,068) - - - - - - 624,500 650,339 25,839 521,127 492,602 (28,525) 4,453,532 4,363,686 (89,846) - - - - - - - - - - - - - - - - - - 1,085,590 914,307 171,283 - - - - - - - - - 648,158 622,320 25,838 3,491,748 3,227,749 263,999 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,085,590 914,307 171,283 648,158 622,320 25,838 3,491,748 3,227,749 263,999 (461,090) (263,968) 197,122 (127,031) (129,718) (2,687) 961,784 1,135,937 174,153 450,558 450,558 - - - - 195,547 278,520 82,973 - - - - - - (234,000) (206,209) 27,791 450,558 450,558 - - - - (38,453) 72,311 110,764 (10,532)$ 186,590 197,122$ (127,031)$ (129,718) (2,687)$ 923,331$ 1,208,248 284,917$ 91,564 471,070 12,128,761
278,154$ 341,352$ 13,337,009$
(Continued)
EXHIBIT A
279
114
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
CITY STREET SWEEPING PARK FEE OTHER SPECIAL REVENUE FUNDS Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Intergovernmental - - - - - - Contributions from outside sources - - - - - - Charges for services 671,801 672,090 289 800,000 1,548,477 748,477 Use of money and property - - - 32,571 (161,957) (194,528) Miscellaneous - - - - - - Total Revenues 671,801 672,090 289 832,571 1,386,520 553,949
EXPENDITURES
Current:
General Government:
City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works 717,825 725,374 (7,549) - - - Community Development - - - 2,200,000 1,424,130 775,870 Economic Development - - - - - - Library - - - - - - Capital Outlay:
Capital projects - - - 4,285,000 4,707,805 (422,805) Debt service:
Principal - - - - - - Interest and fiscal charges - - - - - - Total Expenditures 717,825 725,374 (7,549) 6,485,000 6,131,935 353,065
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (46,024) (53,284) (7,260) (5,652,429) (4,745,415) 907,014
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - Transfers out - - - - - - Total Other Financing Sources (Uses) - - - - - - Net change in fund balance (46,024)$ (53,284) (7,260)$ (5,652,429)$ (4,745,415) 907,014$ Fund balances (deficits)- beginning 101,833 8,500,942 Fund balances (deficits)- ending 48,549$ 3,755,527$
BUDGET AND ACTUAL
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGETED NON-MAJOR FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
280
115
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
OTHER SPECIAL REVENUE FUNDS
ALAMEDA COUNTY
TRANSPORTATION FUNDS
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - 2,440,000 3,650,707 1,210,707 9,044 9,044 - - - - - - - 185,500 139,974 (45,526) - - - - - - 10,350 (85,925) (96,275) - - - 23,198 (188,534) (211,732) 633,480 2,500 (630,980) 220,000 250,634 30,634 - - - 838,374 65,593 (772,781) 220,000 250,634 30,634 2,463,198 3,462,173 998,975 - - - 45,756 44,739 1,017 - - - - - - - - - - - - - - - - - - - - - - - - - - - 312,433 232,057 80,376 224,000 27,902 196,098 - - - 330,000 246,466 83,534 246,840 143,850 102,990 - - - - - - - - - - - - - - - 438,000 428,315 9,685 56,337 - 56,337 1,955,575 1,299,860 655,715 - - - - - - - - - - - - - - - - - - 908,840 600,067 308,773 102,093 44,739 57,354 2,598,008 1,778,383 819,625 (70,466) (534,474) (464,008) 117,907 205,895 87,988 (134,810) 1,683,790 1,818,600 - 8,494 8,494 - - - - - - (4,500) (10,970) (6,470) - - - - - - (4,500) (2,476) 2,024 - - - - - - (74,966)$ (536,950) (461,984)$ 117,907$ 205,895 87,988$ (134,810)$ 1,683,790 1,818,600$ 6,091,367 1,065,783 6,587,813
5,554,417$ 1,271,678$ 8,271,603$
Continued
PEG
EXHIBIT A
281
116
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
GAS TAX HOST COMMUNITY IMPACT FEE OTHER IMPACT FEE
Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Intergovernmental 3,110,000 3,940,841 830,841 - - - Contributions from outside sources - - - 525,000 517,218 (7,782) Charges for services - - - - - - Use of money and property 14,989 (318,933) (333,922) - 9,722 9,722 Miscellaneous - - - - - - Total Revenues 3,124,989 3,621,908 496,919 525,000 526,940 1,940
EXPENDITURES
Current:
General Government:
City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works - - - 20,504 40,829 (20,325) Community Development 370,000 147,888 222,112 - - - Economic Development - - - - - - Library - - - - - - Capital Outlay:
Capital projects 1,849,025 1,306,652 542,373 - - - Debt service:
Principal - - - - - - Interest and fiscal charges - - - - - - Total Expenditures 2,219,025 1,454,540 764,485 20,504 40,829 (20,325)
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 905,964 2,167,368 1,261,404 504,496 486,111 (18,385)
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - Transfers out (107,000) (110,561) (3,561) (480,000) (475,000) 5,000 Total Other Financing Sources (Uses) (107,000) (110,561) (3,561) (480,000) (475,000) 5,000 Net change in fund balance 798,964$ 2,056,807 1,257,843$ 24,496$ 11,111 (13,385)$ Fund balances (deficits)- beginning 9,506,935 1,345,373 Fund balances (deficits)- ending 11,563,742$ 1,356,484$
BUDGET AND ACTUAL
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGETED NON-MAJOR FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
282
117
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
OTHER IMPACT FEE TVTC 20% FEE
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - 2,207,505 1,669,682 (537,823) - - - - - - 25,000 23,417 (1,583) 4,355,828 1,324,724 (3,031,104) 250,000 43,248 (206,752) 30,500 30,175 (325) - - - 15,162 (106,190) (121,352) 111,566 103,144 (8,422) - - - - - - 180,552 191,264 10,712 4,355,828 1,324,724 (3,031,104) 265,162 (62,942) (328,104) 2,555,123 2,017,682 (537,441) - - - - - - 28,238 - 28,238 - - - - - - 24,200 6,450 17,750 - - - - - - 619,492 451,303 168,189 - - - - - - 28,000 27,019 981 970,000 927,704 42,296 - - - 1,297,571 1,045,912 251,659 - - - - - - - - - - - - - - - 193,974 100,784 93,190 72,000 90,174 (18,174) 1,626,000 602,771 1,023,229 963,000 531,489 431,511 - - - - - - 126,759 599,758 (472,999) - - - - - - 47,972 83,372 (35,400) 1,042,000 1,017,878 24,122 1,626,000 602,771 1,023,229 3,329,206 2,846,087 483,119 3,313,828 306,846 (3,006,982) (1,360,838) (665,713) 695,125 (774,083) (828,405) (54,322) - - - - - - 516,035 516,035 - - - - - - - (48,000) (13,536) 34,464 - - - - - - 468,035 502,499 34,464 3,313,828$ 306,846 (3,006,982)$ (1,360,838)$ (665,713) 695,125$ (306,048)$ (325,906) (19,858)$ 2,363,818 3,878,759 3,749,437
2,670,664$ 3,213,046$ 3,423,531$
OTHER LOCAL, STATE, AND FEDERAL GRANTS
EXHIBIT A
283
118
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
2020 COP DEBT SERVICE TRAFFIC IMPACT FEE EL CHARRO SPECIFIC PLAN Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Intergovernmental - - - - - - Contributions from outside sources - - - - - - Charges for services - - - 1,700,000 878,009 (821,991) Use of money and property - - - 95,249 (684,675) (779,924) Miscellaneous - 32 32 - - - Total Revenues - 32 32 1,795,249 193,334 (1,601,915)
EXPENDITURES
Current:
General Government:
City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works - - - - - - Community Development - - - 50,000 - 50,000 Economic Development - - - - - - Library - - - - - - Capital Outlay:
Capital projects - - - 1,196,309 906,365 289,944 Debt service:
Principal 2,687,470 2,687,470 - - - - Interest and fiscal charges 1,663,548 1,663,548 - - - - Total Expenditures 4,351,018 4,351,018 - 1,246,309 906,365 339,944
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (4,351,018) (4,350,986) 32 548,940 (713,031) (1,261,971)
OTHER FINANCING SOURCES (USES)
Transfers in 4,361,018 4,350,986 (10,032) - - - Transfers out - - - (62,435) (60,965) 1,470 Total Other Financing Sources (Uses) 4,361,018 4,350,986 (10,032) (62,435) (60,965) 1,470 Net change in fund balance 10,000$ - (10,000)$ 486,505$ (773,996) (1,260,501)$ Fund balances (deficits)- beginning - 23,419,899 Fund balances (deficits)- ending -$ 22,645,903$
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT A
284
119
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
EL CHARRO SPECIFIC PLAN
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - 21,468 887 (20,581) - - - - - - - - - 6,176 - (6,176) - - - - - - - (5,902) (5,902) - - - 21,468 887 (20,581) 6,176 (5,902) (12,078) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 33,849 (33,849) - - - 1,675,000 1,807,055 (132,055) - - - - - - - - - - - - - - - - - - - 33,849 (33,849) - - - 1,675,000 1,807,055 (132,055) 21,468 (32,962) (54,430) 6,176 (5,902) (12,078) (1,675,000) (1,807,055) (132,055) - - - - - - - - - - - - - - - - - - - - - - - - - - - 21,468$ (32,962) (54,430)$ 6,176$ (5,902) (12,078)$ (1,675,000)$ (1,807,055) (132,055)$ 33,849 - 14,557,752
887$ (5,902)$ 12,750,697$
DEVELOPER DEPOSITS OTHER CAPITAL PROJECTS
EXHIBIT A
285
120
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2022
Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Intergovernmental - - - - - - Contributions from outside sources - - - - - - Charges for services - - - - - - Use of money and property 200 88 (112) 66,244 (69,252) (135,496) Miscellaneous - - - - - - Total Revenues 200 88 (112) 66,244 (69,252) (135,496)
EXPENDITURES
Current:
General Government:
City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works - - - - - - Community Development - - - 28,000 37,684 (9,684) Economic Development - - - - - - Library - - - - - - Capital Outlay:
Capital projects - - - - - - Debt service:
Principal - - - - - - Interest and fiscal charges - - - - - - Total Expenditures - - - 28,000 37,684 (9,684)
EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 200 88 (112) 38,244 (106,936) (145,180)
OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - Transfers out - - - - (8,494) (8,494) Total Other Financing Sources (Uses) - - - - (8,494) (8,494) Net change in fund balance 200$ 88 (112)$ 38,244$ (115,430) (153,674)$ Fund balances (deficits)- beginning 69,144 692,717 Fund balances (deficits)- ending 69,232$ 577,287$
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
DOOLAN CANYON ENDWOMENT FUNDSTREET FUND
EXHIBIT A
286
121
City of Livermore
Internal Services Funds
June 30, 2022
Internal Service Funds
Internal service funds are used to account for the financing of services and supplies provided by one city department to another on a cost reimbursement basis.
The concept of major funds introduced by GASB 34 does not extend to internal service funds because they do not do business with outside parties. GASB 34 requires that for the Statement of Activities, the net revenues or expenses of each internal service fund be eliminated by netting against the operations of the other city departments which generated them. The remaining balance sheet items are consolidated with these same funds in the Statement of Net Position.
However, internal service funds are still presented separately in the Fund financial statements, including the funds below:
Liability Insurance Reserve
Established to account for the City’s public liability self-insured program.
Workers Compensation
Established to account for the City’s self-insured workers compensation program.
Fleet and Equipment Services
Established to account for the maintenance and acquisition of the City’s fleet and small equipment.
Information Technology
Established to account for the maintenance and acquisition of the City’s software and hardware.
Facilities Rehabilitation Projects
Established to account for the repair and maintenance of city facilities.
EXHIBIT A
287
122
City of Livermore
Combining Statements of Net Position – Internal Service Funds Year Ended June 30, 2022
Liability Fleet and
Insurance Workers Equipment
Reserve Compensation Services
ASSETS
Current Assets:
Cash and investments in City Treasury 4,796,454$ 5,733,233$ 6,593,806$ Accounts receivable, net 3,800 - 73,468 Inventory - - 350,181 Prepaids, deposits and supplies - - - Total current assets 4,800,254 5,733,233 7,017,455 Noncurrent Assets:
Land and construction in progress - - 221,257 Depreciable capital assets (net of depreciation) - - 6,158,509 Total noncurrent assets - - 6,379,766 Total Assets 4,800,254 5,733,233 13,397,221
DEFERRED OUTFLOWS OF RESOURCES
Related to pension 84,690 76,762 285,862 Related to OPEB 18,165 5,875 65,516 Total deferred outflows of resources 102,855 82,637 351,378
LIABILITIES
Current Liabilities:
Accounts payable and other accruals 315,696 1,978 294,623 Accrued payroll 10,628 10,010 29,362 Claims payable 1,443,000 1,248,000 - Long-term debt:
Due within one year - - - Total current liabilities 1,769,324 1,259,988 323,985 Noncurrent Liabilities:
Claims payable 2,293,869 3,870,262 - Net Pension liability 373,020 338,101 1,259,085 Net OPEB liabilities 229,123 74,101 826,406 Long-term debt:
Due in more than one year - - - Total noncurrent liabilities 2,896,012 4,282,464 2,085,491 Total liabilities 4,665,336 5,542,452 2,409,476
DEFERRED INFLOWS OF RESOURCES
Related to pension 184,210 166,967 621,781 Related to OPEB 5,083 1,644 18,333 Total deferred inflows of resources 189,293 168,611 640,114
NET POSITION
Net Investment in Capital Assets - - 6,379,766 Unrestricted 48,480 104,807 4,319,243 Total Net Position 48,480$ 104,807$ 10,699,009$
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET POSITION
JUNE 30, 2022
EXHIBIT A
288
123
City of Livermore
Combining Statements of Net Position – Internal Service Funds Year Ended June 30, 2022
Facilities
Information Rehabilitation
Technology Projects Total
8,158,088$ 8,074,193$ 33,355,774$ - 125,086 202,354 - - 350,181 272,202 - 272,202 8,430,290 8,199,279 34,180,511 - 369,954 591,211 293,746 9,704,506 16,156,761 293,746 10,074,460 16,747,972 8,724,036 18,273,739 50,928,483 412,165 149,612 1,009,091 67,255 15,521 172,332 479,420 165,133 1,181,423 123,589 213,921 949,807 52,833 21,298 124,131 - - 2,691,000 - 794,252 794,252 176,422 1,029,471 4,559,190 - - 6,164,131 1,815,386 658,971 4,444,563 848,336 195,779 2,173,745 - 5,354,242 5,354,242 2,663,722 6,208,992 18,136,681 2,840,144 7,238,463 22,695,871 896,503 325,423 2,194,884 18,820 4,343 48,223 915,323 329,766 2,243,107 293,746 3,925,966 10,599,478 5,154,243 6,944,677 16,571,450 5,447,989$ 10,870,643$ 27,170,928$
EXHIBIT A
289
124
City of Livermore
Combining Statements of Revenues, Expenses and Changes in Net Position Year Ended June 30, 2022
Liability Fleet and
Insurance Workers Equipment
Reserve Compensation Services
OPERATING REVENUES
Charges for services 4,000,000$ 1,009,855$ 4,332,053$ Miscellaneous - 2,388 506,397 Total Operating Revenues 4,000,000 1,012,243 4,838,450
OPERATING EXPENSES
Salaries and benefits 340,899 319,169 1,146,220 Contracted services 1,209,780 187,464 93,364 Insurance premiums and claim expenses 3,873,814 2,036,965 75,079 Materials, supplies and others 52,035 66,625 891,639 Utilities 1,824 1,084 1,160 Depreciation - - 1,287,747 Repairs and maintenance 6,340 3,590 512,553 Total Operating Expenses 5,484,692 2,614,897 4,007,762 Operating Income (Loss) (1,484,692) (1,602,654) 830,688
NONOPERATING REVENUE (EXPENSES)
Interest and fiscal charges (expense) - - - Other Nonoperating Income (expenses) 74,823 - 35,424 Gain (loss) on disposal of property - - (25,478) Net Nonoperating Revenues (Expenses) 74,823 - 9,946 Change in Net Position (1,409,869) (1,602,654) 840,634 Net position-beginning (Deficit) 1,458,349 1,707,461 9,858,375 Net position-ending 48,480$ 104,807$ 10,699,009$
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR THE YEAR ENDED JUNE 30, 2022
EXHIBIT A
290
125
City of Livermore
Combining Statements of Revenues, Expenses and Changes in Net Position Year Ended June 30, 2022
Facilities
Information Rehabilitation
Technology Projects Total
6,585,000$ 2,355,712$ 18,282,620$ - 115,608 624,393 6,585,000 2,471,320 18,907,013 1,656,407 808,816 4,271,511 1,454,248 33,322 2,978,178 89,704 49,331 6,124,893 136,676 86,765 1,233,740 89,703 449,686 543,457 134,660 33,569 1,455,976 403,631 779,410 1,705,524 3,965,029 2,240,899 18,313,279 2,619,971 230,421 593,734 - (169,703) (169,703) - 16,919 127,166 - - (25,478) - (152,784) (68,015) 2,619,971 77,637 525,719 2,828,018 10,793,006 26,645,209 5,447,989$ 10,870,643$ 27,170,928$
EXHIBIT A
291
126
City of Livermore
Combining Statements of Cash Flow
Year Ended June 30, 2022
Liability Fleet and
Insurance Workers Equipment
Reserve Compensation Services
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 3,996,200$ 1,014,536$ 4,838,001$ Payments to suppliers (1,056,688) (260,866) (1,397,146) Payments to or on behalf of employees (394,715) (344,886) (1,379,073) Claims paid (2,266,925) (1,464,214) - Net cash provided (used) by operating activities 277,872 (1,055,430) 2,061,782
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Capital asset purchase - - (730,823) Loss on disposal - - (25,478) Long term Debt
Repayments - - - Interest paid - - - Cash Flows (used for) Capital and Related
Financing Activities - - (756,301)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment income (loss) 74,823 - 35,424 Cash Flow from (used by) Investing Activities 74,823 - 35,424 Net Cash Flows 352,695 (1,055,430) 1,340,905 Cash and investments at beginning of period 4,443,759 6,788,663 5,252,901 Cash and Investment at end of period 4,796,454$ 5,733,233$ 6,593,806$ Reconciliation of operating income (loss) to net cash
provided by operating activities:
Operating income (1,484,692)$ (1,602,654)$ 830,688$ Adjustments to reconcile operating income (loss) to net cash provided by operating activities:
Depreciation - - 1,287,747 Change in assets and liabilities:
Accounts receivable (3,800) 2,293 (449) Prepaids, deposits and supplies - - (34,488) Deferred outflows 8,604 12,761 24,997 Net pension liability (240,819) (209,632) (865,741) Net OPEB liabilities 36,696 15,848 144,131 Accounts payable and accrued liabilities 213,291 (2,103) 206,615 Accrued payroll 873 1,366 - Claims payable 1,606,889 572,751 - Deferred inflows 140,830 153,940 468,282 Net cash provided (used) by operating activities 277,872$ (1,055,430)$ 2,061,782$
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2022
EXHIBIT A
292
127
City of Livermore
Combining Statements of Cash Flow
Year Ended June 30, 2022
Facilities
Information Rehabilitation
Technology Projects Total
6,585,000$ 2,531,654$ 18,965,391$ (2,216,290) (1,548,954) (6,479,944) (1,968,525) (701,077) (4,788,276) - - (3,731,139) 2,400,185 281,623 3,966,032 (91,627) (88,278) (910,728) - - (25,478) - (735,352) (735,352) - (169,703) (169,703) (91,627) (993,333) (1,841,261) - 16,919 127,166 - 16,919 127,166 2,308,558 (694,791) 2,251,937 5,849,530 8,768,984 31,103,837 8,158,088$ 8,074,193$ 33,355,774$ 2,619,971$ 230,421$ 593,734$ 134,660 33,569 1,455,976 - 63,639 61,683 (141,913) (3,305) (179,706) 73,338 (8,786) 110,914 (1,291,582) (209,847) (2,817,621) 158,987 31,242 386,904 105,014 (143,637) 379,180 - - 2,239 - - 2,179,640 741,710 288,327 1,793,089 2,400,185$ 281,623$ 3,966,032$
EXHIBIT A
293
128
City of Livermore
Custodial Funds
June 30, 2022
Custodial Funds
Custodial funds are used to account for assets held by the City for other entities and individuals. Such funds are operated to carry out the specific actions of trust agreements, ordinances, and other governing regulations.
Community Facilities and Assessment Districts’ Bonds
This fund accounts for the collection of property owners' debt service obligation which is used to pay principal and interest on 1915 Act Bonds.
Other Custodial Funds
This fund accounts for assets which are held for other governmental agencies or individuals by the City in a custodial capacity.
EXHIBIT A
294
129
City of Livermore
Combining Statement of Fiduciary Net Position – Custodial Funds Year Ended June 30, 2022
Passthrough LPFD JPA
Funds JPA Total
ASSETS
Cash and investments in City Treasury (Note 3B) 9,376,265$ 3,050,952$ 12,427,217$ Cash and investments with Trustees (Note 3B) 3,862,952 - 3,862,952 Accounts receivable 4,247 432,800 437,047 Prepaid expenses - 11,869 11,869 Total Assets 13,243,464 3,495,621 16,739,085
LIABILITIES
Accrued liabilities 541,103 2,245,622 2,786,725 Deposits payable 5,387,521 - 5,387,521 Total Liabilities 5,928,624 2,245,622 8,174,246
NET POSITION
Held in trust 7,314,840$ 1,249,999$ 8,564,839$
CUSTODIAL FUNDS
COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2022
EXHIBIT A
295
130
City of Livermore
Combining Statement of Changes in Fiduciary Net Position Year Ended June 30, 2022
Passthrough LPFD JPA Total
ADDITIONS
Charges for services 5,374,438$ 44,321,141$ 49,695,579$ Total Additions 5,374,438 44,321,141 49,695,579
DEDUCTIONS
Recipient Payments 3,364,055 44,071,142 47,435,197 Total Deductions 3,364,055 44,071,142 47,435,197 Net Change in Net Position 2,010,383 249,999 2,260,382
NET POSITION
Beginning Net Position (Note 9F) 5,304,457 1,000,000 6,304,457 End of year 7,314,840$ 1,249,999$ 8,564,839$
CUSTODIAL FUNDS
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED ON JUNE 30, 2022
EXHIBIT A
296
eidebailly.com
Statistical Section (Unaudited)
June 30, 2022
City of Livermore
EXHIBIT A
297
This Page Intentionally Left Blank
EXHIBIT A
298
131
City of Livermore
Description of Statistical Section Contents
Year Ended June 30, 2022
This part of the City of Livermore’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government’s overall financial health.
Contents:
Pages
Financial Trends theses schedules contain trend information to help the reader understand how the government’s financial performance and well-being have changed over time. 132 - 138
Revenue Capacity these schedules contain information to help the reader assess the government’s two most significant local revenue source – the sales tax and property tax. 139 - 145
Debt Capacity these schedules present information to help the reader assess the affordability of the government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future. 146 - 148
Demographic and Economic Information these schedules offer demographic and economic indicators to help the reader understand the environment within which the government’s financial activities take place. 149 - 151
Operating Information these schedules contain service and infrastructure data to help the reader understand how the information in the government’s financial report relates to the services the government provides and the activities it performs. 152 - 160
Livermore Successor Agency these schedules contain information to help the reader assess the Livermore RDA’s revenues, debt service, and other indicators. 161 - 163
Sources:
Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year
EXHIBIT A
299
132
City of Livermore
Net Position by Component
Last Ten Fiscal Years (Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Governmental activities
Net investment in capital assets 278,093,595$ 278,670,042$ 282,932,408$ 286,589,221$ 288,382,796$ 290,283,699$ 308,461,598$ 316,407,161$ 316,616,522$ 329,890,590$ Restricted 22,454,139 34,034,587 61,824,573 78,250,270 76,320,882 92,305,699 81,561,447 88,497,962 145,907,840 137,933,441 Unrestricted 42,670,999 33,575,365 (59,176,525) (36,129,816) (20,113,778) (31,158,732) (28,940,594) (35,517,921) (79,949,428) (74,637,389) Total governmental activities net position 343,218,733$ 346,279,994$ 285,580,456$ 328,709,675$ 344,589,900$ 351,430,666$ 361,082,451$ 369,387,202$ 382,574,934$ 393,186,642$ Business-type activities
Net investment in capital assets 144,486,932$ 140,571,723$ 141,163,645$ 137,068,262$ 139,333,158$ 141,811,387$ 132,533,193$ 144,490,755$ 144,545,798$ 140,388,714$ Unrestricted 93,219,127 97,792,547 91,680,464 96,819,619 94,747,853 102,114,754 113,918,054 112,447,010 113,873,028 121,205,214 Total business-type activities net position 237,706,059$ 238,364,270$ 232,844,109$ 233,887,881$ 234,081,011$ 243,926,141$ 246,451,247$ 256,937,765$ 258,418,826$ 261,593,928$ Primary government
Net investment in capital assets 422,580,527$ 419,241,765$ 424,096,053$ 423,657,483$ 427,715,954$ 432,095,086$ 440,994,791$ 460,897,916$ 461,162,320$ 470,279,304$ Restricted 22,454,139 34,034,587 61,824,573 78,250,270 76,320,882 92,305,699 81,561,447 88,497,962 145,907,840 137,933,441 Unrestricted 135,890,126 131,367,912 32,503,939 60,689,803 74,634,075 70,956,022 84,977,460 76,929,089 33,923,600 46,567,825 Total primary government net position 580,924,792$ 584,644,264$ 518,424,565$ 562,597,556$ 578,670,911$ 595,356,807$ 607,533,698$ 626,324,967$ 640,993,760$ 654,780,570$ Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
EXHIBIT A
300
133
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)
2013 2014 2015 2016 2017 * 2018 2019 2020 2021 2022
Expenses
Governmental activities
General Government 16,669,390$ 12,589,567$ 11,880,499$ 11,433,092$ 11,513,994$ 15,729,502$ 18,619,685$ 23,532,602$ 15,550,878$ 14,261,204$ Fire 15,044,679 15,368,561 16,665,396 17,222,099 23,553,737 25,472,063 20,854,960 21,975,048 24,427,677 21,113,001 Police 31,441,958 31,092,970 30,516,594 29,624,394 32,703,145 36,741,948 37,862,170 37,301,780 40,395,532 38,985,776 Public Works 14,161,650 14,383,488 14,363,304 14,985,937 18,116,391 19,060,229 19,290,328 19,665,609 21,662,957 23,798,519 Community Development 26,867,068 23,528,766 15,711,525 27,302,011 22,044,584 20,012,366 36,444,392 32,628,435 24,802,552 26,558,158 Economic Development - - - - 2,353,896 2,165,309 2,820,265 2,805,692 4,418,752 2,596,471 Library 4,906,056 5,052,341 4,863,723 4,886,840 5,858,998 6,214,109 6,341,564 6,349,762 6,303,545 6,302,537 Redevelopment - - - - - - - - - - Interest on long term debt 2,886,993 1,142,866 1,288,881 1,033,661 1,266,179 1,270,061 1,397,328 1,682,372 1,219,276 1,127,846 Total governmental activities expenses 111,977,794 103,158,559 95,289,922 106,488,034 117,410,924 126,665,587 143,630,692 145,941,300 138,781,169 134,743,512 Business-type activities:
Airport 8,098,139 6,336,579 5,637,480 3,870,139 7,017,908 3,016,304 3,504,956 4,250,953 4,022,246 3,498,840 Water 11,860,758 11,408,389 9,907,976 10,996,708 13,884,791 14,701,669 15,934,857 15,625,538 18,821,642 17,126,698 Sewer 25,582,473 21,614,437 23,005,606 25,293,809 24,879,897 21,824,590 24,081,018 24,049,671 24,026,163 23,822,392 Stormwater - - - - - 4,572,368 6,215,290 5,157,718 5,341,864 5,075,457 Las Positas 2,631,759 3,492,698 3,331,686 3,204,730 2,935,020 3,025,888 1,986,853 - - - Springtown 16,568 38,399 32,171 105,030 - - - - - - Total business-type activities expenses 48,189,697 42,890,502 41,914,919 43,470,416 48,717,616 47,140,819 51,722,974 49,083,880 52,211,915 49,523,387 Total primary government expenses 160,167,491$ 146,049,061$ 137,204,841$ 149,958,450$ 166,128,540$ 173,806,406$ 195,353,666$ 195,025,180$ 190,993,084$ 184,266,899$ * Starting fiscal year 2017, City Clerk is presented as a part of Administrative Services (Continued) * Starting fiscal year 2018, Stormwater is presented separately from Sewer Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
EXHIBIT A
301
134
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Program Revenues
Governmental activities:
Charges for services:
General Government 125,000$ 774,339$ 1,083,813$ 855,888$ 1,534,690$ 2,009,308$ 1,598,885 1,502,556 1,203,282 682,277 Fire 1,254,438 1,714,973 1,634,534 1,822,267 1,813,604 2,560,405 767,507 1,339,356 1,150,341 2,202,529 Police 1,239,236 1,340,240 1,600,551 1,718,669 1,596,383 1,866,310 1,936,452 1,781,262 1,664,591 1,848,328 Public Works 311,393 178,263 205,163 220,715 253,942 214,104 319,336 237,566 237,986 240,778 Community Development 8,076,312 10,414,752 14,881,608 19,070,042 13,679,642 12,374,344 8,685,435 12,068,342 9,082,146 11,234,653 Economic Development - - - - - - - - - - Library 150,179 147,543 121,244 113,218 109,423 106,819 102,007 29,584 935 5,257 Redevelplment - - - - - - - - Operating grants and contributions 10,614,625 9,665,802 19,882,483 14,034,381 10,152,472 17,851,251 14,944,050 16,349,423 19,784,517 17,750,934 Capital grants and contributions 18,349,337 8,435,777 20,161,044 21,329,334 10,968,620 22,984,924 11,646,318 12,379,725 9,478,790 4,947,988 Total governmental activities program revenues 40,120,520 32,671,689 59,570,440 59,164,514 40,108,776 59,967,465 39,999,990 45,687,814 42,602,588 38,912,744 Business-type activities:
Charges for services:
Airport 7,609,923 6,925,128 6,166,771 4,671,643 3,989,363 3,638,327 3,949,727 3,988,814 3,807,332 3,426,583 Water 13,083,389 12,523,886 13,211,780 12,567,619 13,790,365 15,088,661 14,871,772 16,757,972 17,610,383 17,640,764 Sewer 18,474,750 18,822,193 20,401,801 22,853,237 20,438,612 21,391,758 22,944,348 24,535,578 25,604,994 28,379,195 Stormwater - 1,112,473 1,136,319 1,137,063 1,134,233 1,145,489 Las Positas 2,957,505 3,259,879 3,087,554 3,016,898 2,636,577 2,733,407 1,628,472 - - - Springtown 6,000 11,392 6,173 3,694 - - - - - - Operating grants and contributions - - - - 3,079,962 199,428 643,541 - 374,526 512,162 Capital grants and contributions 6,663,795 2,120,480 2,691,864 50,450 4,269,465 7,025,848 7,342,209 7,381,049 2,988,779 1,679,990 Total business-type activities program revenues 48,795,362 43,662,958 45,565,943 43,163,541 48,204,344 51,189,902 52,516,388 53,800,476 51,520,247 52,784,183 Total primary government program revenues 88,915,882$ 76,334,647$ 105,136,383$ 102,328,055$ 88,313,120$ 111,157,367$ 92,516,378$ 99,488,290$ 94,122,835$ 91,696,927$ Net (Expense) Revenue
Governmental activities (71,857,274)$ (70,486,870)$ (35,719,482)$ (47,323,520)$ (77,302,148)$ (66,698,122)$ (103,630,702)$ (100,253,486)$ (96,178,581)$ (95,830,768)$ Business-type activities 605,665 772,456 3,651,024 (306,875) (513,272) 4,049,083 793,414 4,716,596 (691,668) 3,260,796 Total primary government net expenses (71,251,609)$ (69,714,414)$ (32,068,458)$ (47,630,395)$ (77,815,420)$ (62,649,039)$ (102,837,288)$ (95,536,890)$ (96,870,249)$ (92,569,972)$ (Continued)
(accrual basis of accounting)
Changes in Net Position
Last Ten Fiscal Years
EXHIBIT A
302
135
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Revenues and Other Changes in Net Position
Governmental activities:
Taxes:
Property taxes 24,340,228$ 24,721,318$ 26,379,108$ 28,340,602$ 30,494,247$ 32,960,384$ 35,577,827 37,797,380 38,874,958 40,754,977 Incremental property taxes - - - - - - - - - - Sales taxes 23,711,235 25,159,952 27,278,151 29,932,022 30,684,026 32,346,374 35,556,493 32,869,001 35,441,550 39,907,361 Other taxes 11,466,048 11,859,580 13,587,065 15,204,335 15,429,188 17,211,775 16,895,027 16,253,107 16,150,202 18,389,594 Intergovernmental 5,893,271 6,055,370 6,506,780 6,964,071 7,411,648 7,897,068 8,417,344 8,962,999 9,417,844 10,029,277 Investment income 1,458,335 1,336,195 952,239 1,782,742 757,516 1,295,887 6,928,825 8,520,096 1,573,776 (7,655,464) Miscellaneous 7,723,668 7,366,432 8,313,221 8,430,147 8,608,485 6,655,867 5,508,154 6,001,803 6,442,577 7,960,003 Change of value from investment in JPA - - - - - - (1,354,554) (1,522,359) - - Transfers (net) 175,216 328,427 (4,258,088) (201,180) (202,737) (12,507,742) 3,794,799 (323,790) (1,767,363) (2,943,272) Assets transferred to/liabilities assumed
by Successor Agency (1,704,483) - - - - - - - - - Total governmental activities 73,063,518 76,827,274 78,758,476 90,452,739 93,182,373 85,859,613 111,323,915 108,558,237 106,133,544 106,442,476 Business-type activities:
Interest and other income - 281,708 388,004 1,034,225 293,279 711,495 4,250,989 3,293,931 405,366 (3,028,966) Transfers (net) (175,216) (328,427) 4,258,088 201,180 202,737 12,507,742 (3,794,799) 323,790 1,767,363 2,943,272 Change in value of Investment in JPA 152,214 (232,754) 39,878 115,242 210,386 329,595 1,275,502 445,399 - - Total business-type activities (23,002) (279,473) 4,685,970 1,350,647 706,402 13,548,832 1,731,692 4,063,120 2,172,729 (85,694) Total primary government activities 73,040,516$ 76,547,801$ 83,444,446$ 91,803,386$ 93,888,775$ 99,408,445$ 113,055,607$ 112,621,357$ 108,306,273$ 106,356,782$ Change in Net Position
Governmental activities 1,206,244$ 6,340,404$ 43,038,994$ 43,129,219$ 15,880,225$ 19,161,491$ 7,693,213$ 8,304,751$ 9,954,963$ 10,611,708$ Business-type activities 582,663 492,983 8,336,994 1,043,772 193,130 17,597,915 2,525,106 8,779,716 1,481,061 3,175,102 Total primary government 1,788,907$ 6,833,387$ 51,375,988$ 44,172,991$ 16,073,355$ 36,759,406$ 10,218,319$ 17,084,467$ 11,436,024$ 13,786,810$ Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
EXHIBIT A
303
136
City of Livermore
Fund Balances of Governmental Funds
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Fund
Nonspendable 6,832,287$ 6,317,781$ 5,423,421$ 5,220,875$ 5,191,768$ 6,911,157$ 5,712,441$ 5,627,682$ 5,609,833$ 5,844,210$ Restricted - - - - - - - - - - Committed 12,003,511 12,548,889 12,897,711 13,980,181 14,534,792 15,689,514 15,954,446 16,561,703 17,419,222 18,137,383 Assigned 8,002,341 8,365,926 8,598,474 16,490,551 17,891,417 20,120,563 22,359,001 24,905,533 29,677,300 43,006,790 Unassigned 3,229,530 5,050,960 10,406,034 11,447,929 16,850,333 20,197,806 21,015,747 22,903,595 24,471,138 1,794,772 Total general fund 30,067,669$ 32,283,556$ 37,325,640$ 47,139,536$ 54,468,310$ 62,919,040$ 65,041,635$ 69,998,513$ 77,177,493$ 68,783,155$ All Other Governmental Funds
Nonspendable -$ 57,439,026$ 4,000$ -$ 3,580$ 510,525$ 540,789$ 537,935$ 521,482$ 589,503$ Restricted 58,524,301 - 82,222,196 106,877,672 117,117,738 122,335,628 107,752,207 106,314,261 115,657,837 107,008,330 Committed 545,378 - - - - 980,960 1,583,505 2,597,943 2,597,943 2,597,943 Assigned 363,585 - - - - - - - - - Unassigned (3,229,530) (1,230,719) (548) - (157,775) (66,518) (337,703) - - - Total all other governmental funds 56,203,734$ 56,208,307$ 82,225,648$ 106,877,672$ 116,963,543$ 123,760,595$ 109,538,798$ 109,450,139$ 118,777,262$ 110,195,776$ Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
EXHIBIT A
304
137
City of Livermore
Changes in Fund Balances of Governmental Fund
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Revenues
Property Taxes and special assessments 38,391,028$ 39,047,027$ 42,437,878$ 46,106,890$ 48,513,433$ 52,797,891$ 55,378,923$ 57,137,281$ 58,827,934$ 63,508,257$ Sales taxes 23,711,235 25,159,952 27,278,151 29,932,022 30,684,026 32,346,374 35,556,493 32,869,001 35,441,550 39,907,361 Licenses and permits 2,782,819 2,020,956 2,919,585 3,375,139 2,587,073 3,329,443 2,647,472 2,408,482 2,587,449 4,236,642 Intergovernmental 20,525,065 14,523,429 17,513,836 15,818,812 15,329,383 18,609,342 19,663,932 21,151,712 27,824,580 26,390,007 Contributions from outside sources 532,899 3,090,683 6,407,835 1,492,046 3,360,435 12,763,436 3,668,666 1,735,332 395,011 625,103 Fines and forfeitures 353,754 442,101 474,279 404,562 382,735 472,063 522,198 480,714 12,837,128 444,025 Charges for current services 18,826,809 18,937,543 34,250,853 39,071,843 23,669,667 25,413,665 15,988,594 20,392,611 5,322,238 14,008,997 Use of money and property 1,634,027 3,444,283 3,573,515 5,106,185 3,718,382 4,594,593 12,607,413 12,667,441 4,222,473 (4,288,535) Miscellaneous 7,422,435 1,568,992 7,731,071 8,218,597 2,754,329 4,344,239 1,820,316 1,338,085 2,311,612 2,862,290 Total revenues 114,180,071 108,234,966 142,587,003 149,526,096 130,999,463 154,671,046 147,854,007 150,180,659 149,769,975 147,694,147 Expenditures
General government 12,528,286 13,440,473 13,981,528 14,343,118 13,531,789 13,631,535 15,040,356 16,768,256 13,826,319 15,881,178 Fire 14,505,466 15,293,516 16,392,361 17,593,133 18,160,089 19,742,654 21,484,772 21,963,399 22,765,664 24,292,024 Police 27,091,180 30,000,873 32,114,470 31,248,269 32,611,631 35,474,413 37,991,489 37,855,355 39,584,317 41,583,398 Public Works 5,766,027 6,259,095 6,479,506 7,125,447 9,801,590 10,649,264 10,858,274 11,296,986 13,093,994 15,942,006 Community Development 30,608,371 22,660,129 23,177,157 26,435,968 22,366,625 26,613,789 41,744,030 31,872,893 23,269,924 28,304,312 Economic Development - - - - 2,355,266 2,169,717 2,815,442 2,826,509 4,435,600 2,912,656 Library 4,232,678 4,369,666 4,455,160 4,540,660 5,287,778 5,639,115 5,665,784 5,896,798 5,626,180 6,387,640 Redevelopment - - - - - - - - - - Capital outlay 13,800,868 5,641,979 18,897,678 6,211,698 4,065,706 9,106,715 20,651,425 11,028,144 10,629,079 22,565,242 Debt service funds:
Principal 8,583,683 8,445,369 4,703,788 5,597,905 3,908,648 3,274,972 2,817,102 3,125,453 122,607 3,287,228 Interest and fiscal charges 1,554,416 1,414,883 1,872,291 1,555,850 1,292,959 1,274,238 1,400,431 1,505,596 1,375,594 1,746,920 Issuance cost - - - - - - - 407,260 - - Total Expenditures 118,670,975 107,525,983 122,073,939 114,652,048 113,382,081 127,576,412 160,469,105 144,546,649 134,729,278 162,902,604 Excess of Revenues
over (under)
expenditures (4,490,904) 708,983 20,513,064 34,874,048 17,617,382 27,094,634 (12,615,098) 5,634,010 15,040,697 (15,208,457) (Continued)
Changes In Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
EXHIBIT A
305
138
City of Livermore
Changes in Fund Balances of Governmental Fund
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Other Financing
Sources (Uses)
Proceeds from long term debt 5,964,051$ -$ 49,776,268$ -$ -$ -$ -$ -$ -$ -$ Payment to refunded bond escrow agent - - (39,411,268) - - - - (51,296,699) - - Refunding bonds issued - - - - - - - 42,932,418 - - Premium on refunding bonds issued - - - - - - - 7,922,280 - - Transfers in 22,350,922 11,632,939 58,411,053 8,915,955 8,774,169 8,914,189 5,744,041 56,604,093 3,212,134 6,510,390 Transfers out (22,154,575) (11,449,012) (58,229,692) (9,324,083) (8,976,906) (20,951,304) (7,186,717) (56,927,883) (4,979,497) (8,277,757) Total other financing
sources (uses) 6,160,398 183,927 10,546,361 (408,128) (202,737) (12,037,115) (1,442,676) (765,791) (1,767,363) (1,767,367) Net change in
fund balances 1,669,494$ 892,910$ 31,059,425$ 34,465,920$ 17,414,645$ 15,057,519$ (14,057,774)$ 4,868,219$ 13,273,334$ (16,975,824)$ Debt service as a
percentage of noncapital
expenditures 9.7% 9.7% 6.4% 6.6% 4.8% 3.8% 3.0% 3.5% 1.2% 3.6% (modified accrual basis of accounting)
Changes In Fund Balances of Governmental Funds
Last Ten Fiscal Years
EXHIBIT A
306
139
City of Livermore
Taxable Sales by Category
Last Ten Fiscal Years
Business Type 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Apparel Stores $ 75,592 $ 281,213 $ 301,420 $ 374,109 $ 464,023 $ 480,652 $ 518,405 $ 532,044 $ 272,474 $ 450,660 General Merchandise 220,493 237,158 239,714 237,252 237,408 248,349 256,779 264,109 231,840 267,864 Food Stores 40,687 41,699 41,826 43,382 44,270 44,271 43,356 44,351 48,180 46,387 Eating and Drinking Places 135,073 151,094 165,519 179,048 196,255 203,491 212,106 217,440 160,472 216,080 Building Materials 145,134 172,267 175,894 206,430 217,450 235,880 256,206 240,062 246,236 294,765 Auto Dealers and Supplies 230,403 285,901 388,357 447,319 452,109 469,775 471,729 511,014 404,080 472,281 Service Stations 204,243 199,835 192,465 161,129 150,645 169,036 200,023 177,362 129,325 190,303 Other Retail Stores 147,877 180,000 190,964 208,468 218,210 218,485 227,529 224,479 182,568 211,073 All Other Outlets 814,146 894,342 915,827 941,153 1,009,498 1,190,098 1,261,208 1,363,666 1,464,522 1,565,618 Total $ 2,013,648 $ 2,443,509 $ 2,611,986 $ 2,798,290 $ 2,989,868 $ 3,260,037 $ 3,447,341 $ 3,574,527 $ 3,139,697 $ 3,715,031 Source: The HdL Companies
* The amounts reported are based on adjusted sales tax values and might fluctuate from what was reported the previous year.
TAXABLE SALES BY CATEGORY *
LAST TEN CALENDAR YEARS
(In thousands)
EXHIBIT A
307
140
City of Livermore
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years (In Percentage)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
City Direct Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Alameda County 1.75% 1.75% 2.25% (b) 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 3.25% State of California 6.25% (a) 6.25% 6.25% 6.25% 6.00% (c) 6.00% 6.00% 6.00% 6.00% 6.00% (d) Total Rate 9.00% 9.00% 9.50% 9.50% 9.25% 9.25% 9.25% 9.25% 9.25% 10.25% (a) FY 2012-13 State Rate increased by 0.25%
(b) FY 2014-15 Alameda County rate increased by 0.50%
(c) FY 2016-17 State rate was reduced by 0.25%
(d) FY 2021-22 Alameda County rate increased by 1.00%
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years
(In Percentage)
EXHIBIT A
308
141
City of Livermore
Principal Sales Tax Payers
Current Year and Ten Years Ago (In alphabetical Order)
2022 2013
Audi Livermore AMS Net
Coach/Kate Spade Costco
Computacenter Fusionstorm Electronic Products
Costco Harris Rebar
Gillig Home Depot
Gucci Outlet JA Momaney Services
Home Depot Kaiser Pharmacy
JA Momaney Services Livermore Audi/Subaru/Honda
Jifco Livermore Ford Lincoln Mitsubishi
Land Rover Jaguar Livermore Lowes
Livermore Ford/Lincoln/Alfa/Maserati Macpherson Western Tool Supply Livermore Honda Mobile Modular Management
Livermore Subaru Owens & Minor Distribution
Livermore Toyota Penske Truck Leasing
Lowes Porsche Livermore
Mobile Modular Management Corp Prada
Porsche Livermore Quik Stop Market
Safeway Safeway
Safeway Fuel Safeway Fuel
Target Solar Universe
Toyota Material Handling Target
US Foodservice US Foodservice
Veritiv Operating Company Vanstar Corporation
Walmart Walmart
Waxie Sanitary Supply Waxies
Source: HdL Company
Principal Sales Tax Payers
Current Year and Nine Years Ago
In Alphabetical Order
EXHIBIT A
309
142
City of Livermore
Assessed Value and Estimates Taxable Property
Last Ten Fiscal Years
Total Total
Taxable Direct
Common Public Unsecured Assessed Tax
Fiscal Year Property Utility Valuation Valuation Rate*
2012-2013 12,785,579,465$ 16,652,307$ 712,651,650$ 13,514,883,422$ 1.00% 2013-2014 13,495,749,069 16,534,025 677,891,857 14,190,174,951 1.00% 2014-2015 14,441,874,348 15,920,292 618,857,248 15,076,651,888 1.00% 2015-2016 15,425,274,831 16,125,723 644,740,332 16,086,140,886 1.00% 2016-2017 16,462,710,778 16,036,533 669,293,841 17,148,041,152 1.00% 2017-2018 17,584,794,540 13,149,678 665,835,413 18,263,779,631 1.00% 2018-2019 18,716,232,125 13,261,314 742,728,963 19,472,222,402 1.00% 2019-2020 19,706,452,617 12,659,804 887,677,095 20,606,789,516 1.00% 2020-2021 20,739,018,910 12,463,593 890,242,048 21,641,724,551 1.00% 2021-2022 21,764,066,539 27,593,705 908,083,685 22,699,743,929 1.00% Note:
* Direct tax rate is per $1,000 of assessed value.
Source: Alameda County Office of the Auditor-Controller.
Assessed Value and Estimated Taxable Property
Last Ten Fiscal Years
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchese price of the property sold.
The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.
EXHIBIT A
310
143
City of Livermore
Direct and Overlapping Governments Property Tax Rates
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Direct Rates:
City Direct Rate 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 Overlapping Rates (1):
Livermore Valley Joint Unified School District 0.0607 0.0596 0.0497 0.0404 0.0886 0.0803 0.0771 0.0743 0.0691 0.0706 Chabot Las Positas 0.0219 0.0214 0.0217 0.0198 0.0246 0.0445 0.0443 0.0422 0.0214 0.0458 Pleasanton Unified School District 0.0963 0.0916 0.0695 0.0239 0.0224 0.0672 0.0640 0.0642 0.0580 0.0435 Zone 7 Flood Control 0.0228 0.0257 0.0250 0.0343 0.0333 0.0359 0.0332 0.0309 0.0309 0.0307 Bay Area Rapid Transit 0.0043 0.0075 0.0045 0.0026 0.0080 0.0084 0.0070 0.0120 0.0139 0.006 East Bay Regional Park 0.0051 0.0078 0.0085 0.0067 0.0032 0.0021 0.0057 0.0060 0.0014 0.002 County General Obligation Bond 0.0112 0.0108 0.0036 0.0041 Total Direct and Overlapping Rate 1.2111 1.2136 1.1789 1.1277 1.1801 1.2384 1.2425 1.2404 1.1983 1.2027 Source: Alameda County Treasurer and Tax Collector.
Note:
(1) Overlapping rates are those of local and county governments that apply to property owners within the City of Livermore. Not all overlapping rates apply to all property owners. For an overlapping rate to apply, the property has to be located within that district's geographic boundary.
Direct and Overlapping Governments Property Tax Rates
(Rates per $1,000 of assessed value)
Last Ten Fiscal Years
EXHIBIT A
311
144
City of Livermore
Principal Property Taxpayers
Current Year and Nine Years Ago
Taxable Percentage Taxable Percentage
Assessed of Total City Assessed of Total City
Value Taxable Value Taxable
Secured/ Assessed Secured/ Assessed
Taxpayer Unsecured Rank Value Unsecured Rank Value
Livermore Premium Outlets LLC 227,128,393$ 1 1.02% -$ Livermore Oaks Joint Venture LLC 148,318,172 2 0.67% Longfellow Logistics Center LLC 137,408,960 3 0.62% Form Factor Inc 132,666,164 4 0.60% 81,485,673 2 0.62% Kaiser 122,166,674 5 0.55% 119,526,864 1 0.91% Arkay Properties LLC 107,181,609 6 0.48%
Comcast of Alameda Inc 85,721,950 7 0.39%
Jack London Blvd and Isabel Avenue LLC 83,746,604 8 0.38% Raintree Ironwood LLC 81,519,443 9 0.37%
Lam Research Corporations 69,863,780 10 0.31% RT Tri Valley LLC 50,356,320 3 0.39%
Marathon Drive Buildings LLC 43,758,614 4 0.33% Sutter Health 40,587,212 5 0.31%
Alere Home Monitoring Inc 40,054,133 6 0.31% BNP Paribas Leasing Corporation 38,339,700 7 0.29% Valley Care Senior Housing Inc 37,238,122 8 0.28% Bridgelux Inc 36,538,625 9 0.28%
Golden Bears LLC & Ellis Street Property 34,278,392 10 0.26% 1,195,721,749$ 5.39% 522,163,655$ 3.99%
Source: HdL Company
Principal Property Taxpayers
Current Year and Nine Years Ago
2022 2013
EXHIBIT A
312
145
City of Livermore
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal
Year Taxes Levied Delinquent Delinquent Tax
Ended for the Percentage Property Taxes Collections
June 30, Fiscal Year Amount of Levy for the Fiscal Year (Refund) 2013 23,453,707$ (a) 23,241,857$ 99.10% 211,850$ 439,594$ (b) 2014 24,137,249 (a) 23,526,725 97.47% 610,524 458,926 (b) 2015 26,171,312 (a) 26,034,522 99.48% 136,790 (7,631) (b) 2016 27,839,513 (a) 27,718,828 99.57% 120,685 320,482 (b) 2017 29,014,829 (a) 28,341,709 97.68% 673,120 321,785 (b) 2018 31,087,296 (a) 30,559,069 98.30% 528,227 338,288 (b) 2019 33,273,066 (a) 32,570,581 97.89% 702,485 533,453 (b) 2020 35,368,204 (a) 34,740,288 98.22% 627,916 341,676 (b) 2021 36,930,452 (a) 36,077,734 97.69% 852,718 451,056 (b) 2022 38,114,809 (a) 37,598,776 98.65% 516,033 414,496 (b) Source: Alameda County Office of the Auditor-Controller and City of Livermore Finance Division (a) Taxes Levied include secured, unsecured, and estimated unitary tax.
Tax levies are net of payments for
- Educational Revenue Augmentation Fund.
- Redevelopment agencies for the fiscal years 2005-06 through 2011-12 - Redevelopment Property Tax Trust Fund (RPTTF) payments beginning from Fiscal year 2012-13. (b) Alameda County does not provide delinquent tax collection data by levy year, so the amounts shown in the delinquent tax collections column include delinquency collections for all prior years that were remitted to the City in each fiscal year.
Property Tax Levies and Collections
Last Ten Fiscal Years
Collected within the
Fiscal Year of the Levy
EXHIBIT A
313
146
City of Livermore
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Certificates Notes & Certificates Total Percentage
Fiscal of Loans Capital of Revenue State Capital Primary of Personal Per Year Participation Payable Lease Participation Loans Loan Lease Government Income (1) Capita 2013 61,481,383$ 10,167,572$ 13,470,406$ 16,566,456$ -$ 813,753$ 481,818$ 102,981,388$ 4.8% 1,236 2014 58,367,644 4,803,697 12,654,274 15,589,104 - - 847,354 92,262,073 5.9% 1,075 2015 64,032,534 3,970,233 11,668,003 15,348,123 - - 740,467 95,759,360 6.6% 1,100 2016 60,193,384 2,566,738 11,330,801 14,186,182 - - 619,257 88,896,362 5.5% 1,008 2017 56,386,950 2,440,343 10,300,691 13,003,050 - - 512,946 82,643,980 7.5% 922 2018 53,758,606 1,793,715 9,152,150 12,336,394 - - 392,972 77,433,837 8.5% 847 2019 54,295,394 1,667,320 8,189,116 8,429,606 - - 321,293 72,902,729 9.8% 801 2020 50,854,698 1,540,562 7,563,146 7,783,689 - - 296,702 68,038,797 11.3% 747 2021 50,270,524 1,417,955 6,883,846 7,697,470 - - 270,016 66,539,811 13.1% 729 2022 46,998,880 818,197 6,148,494 7,213,722 - - 241,127 61,420,420 0.7% 713 Note: Details regarding the city's outstanding debt can be found in the footnotes. (1) Personal income is income for Alameda County.
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities Business-Type Activities
EXHIBIT A
314
147
City of Livermore
Direct and Overlapping Governmental Activities Debt
June 30, 2022
City Assessed Valuation, net of exemptions 22,172,608,303$ Redevelopment Agency Incremental Valuation* -
Total Assessed Valuation 22,172,608,303$
Estimated
share of
Percentage Outstanding Overlapping
Governmental Unit Applicable (1) Debt 6/30/22 Debt
Overlapping Debt Repaid with Property Taxes:
Alameda County 6.397% 183,745,000$ 11,754,168$
Bay Area Rapid Transit District 2.492% 2,521,570,000 62,837,524 Chabot-Las Positas Community College District 15.242% 805,595,000 122,788,790 Livermore Valley Joint Unified School District 93.462% 246,710,000 230,580,100 East Bay Regional Park District 0.086% 184,590,000 158,747 City of Livermore Community Facilities District No. 99-1 100.000% 10,295,000 10,295,000 City of Livermore Community Facilities District No. 2009-1 I.A. No. 1 100.000% 16,843,452 16,843,452 City of Livermore Community Facilities District No. 2009-1 I.A. No. 2 100.000% 4,318,815 4,318,815 City of Livermore Community Facilities District No. 2009-1 I.A. No. 3 100.000% 2,568,315 2,568,315 City of Livermore Community Facilities District No. 2016-2 100.000% 8,500,000 8,500,000 City of Livermore 1915 Act Bonds 100.000% 1,812,000 1,812,000 CA Statewide Communities Development Authority Assessment District Bonds 100.000% 9,376,390 9,376,390 Total overlapping debt repaid with property taxes 3,995,923,972 481,833,301 Overlapping Other Debt:
Alameda County Gen. Fund Obligations & Coliseum Authority 6.397% 742,688,000 47,509,751 Tax Increment Debt (Successor Agency) 100.000% 17,190,000 17,190,000 Total overlapping other debt 759,878,000 64,699,751
Total overlapping debt 4,755,801,972$ 546,533,052
City of Livermore Certificate of Participation 46,998,880 City of Livermore Notes & Loans 818,197
City of Livermore Capital Leases 6,148,494
Total gross direct debt 53,965,571
Less: City of Livermore Obligations Supported by Rate Payers' Fees (6,411,179) Less: City of Livermore Obligations Funded by Grants Revenues (8,103,197) Total net direct debt 39,451,195
Total direct and overlapping debt 585,984,247$
Notes:
(1)
(2) Only includes the debt that is paid with property tax. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations * Redevelopment Agency was dissolved effective January 31, 2012, in accordance with Assembly Bill 1X 26.
Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the Direct and Overlapping Governmental Activities Debt
As of June 30, 2022
The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable pecentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total taxable assessed value.
EXHIBIT A
315
148
City of Livermore
Legal Debt Margin Information
Last Ten Fiscal Years
Legal Debt Margin Calculation for Fiscal Year 2021-22
Common Property Assessed Valuation-Secured Roll 21,764,066,539$ Government Code Sec. 43605 Debt Limit 15% of Assessed Valuation 3,264,609,981 Amount of debt applicable to the limit -
Legal debt margin 3,264,609,981
Percent of debt limit authorized and issued 0.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Debt limit 1,917,836,920$ 2,024,362,360$ 2,166,281,152$ 2,313,791,225$ 2,469,406,617$ 2,637,719,181$ 2,807,434,819$ 2,955,967,893$ 3,110,852,837$ 3,264,609,981$ Total net debt applicable to limit - - - - - - - - - - Legal debt margin 1,917,836,920$ 2,024,362,360$ 2,166,281,152$ 2,313,791,225$ 2,469,406,617$ 2,637,719,181$ 2,807,434,819$ 2,955,967,893$ 3,110,852,837$ 3,264,609,981$ Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Source: City of Livermore Finance Division
Alameda County Office of the Auditor-Controller
Legal Debt Margin Information
Last Ten Fiscal Years
EXHIBIT A
316
149
City of Livermore
Demographic and Economic Statistics
Last Ten Fiscal Years
Livermore Total
Population Personal
Unemployment
Rate (3)
(1) Income (3)
2013 84,486 Est. 54,774 4,627,636,164 4.8%
2014 85,819 Est. 58,175 4,992,520,325 4.1%
2015 87,090 Est. 62,926 5,480,225,340 3.1%
2016 88,974 Est. 65,884 5,861,963,016 3.1%
2017 90,454 Est. 71,947 6,507,893,938 2.9%
2018 91,411 Est. 77,233 7,059,945,763 2.8%
2019 91,039 Est. 81,171 7,389,726,669 2.6%
2020 91,082 Est. 87,078 7,931,238,396 11.2%
2021 91,216 Est. 99,746 7,942,906,848 5.9%
2022 86,149 Est. 99,746 (2) 8,593,018,154 (2) 3.6% Note:
1. 2.
3. Income
Demographic and Economic Statistics
Last Ten Calendar Years
Per Capita
Personal
Year
Alameda
County (2)
Data Source: State of California, Department of Finance Data Source: Bureau of Labor Statistics
Data Source: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Accounts, Local Area Personal Income. County income estimates are not currently available after 2020.
EXHIBIT A
317
150
City of Livermore
Population Demographics
June 30, 2022
Number
Percent of
Population
Under 5 years 6,381 7.4%
5 to 9 years 5,502 6.3%
10 to 14 years 4,271 4.9%
15 to 19 years 4,637 5.3%
20 to 24 years 3,934 4.5%
25 to 29 years 5,163 5.9%
30 to 34 years 6,939 8.0%
35 to 39 years 5,920 6.8%
40 to 44 years 4,936 5.7%
45 to 49 years 6,041 7.0%
50 to 54 years 7,014 8.1%
55 to 59 years 6,827 7.9%
60 to 64 years 6,580 7.6%
65 to 69 years 2,901 3.3%
70 to 74 years 4,526 5.2%
75 to 79 years 1,998 2.3%
80 to 84 years 1,171 1.3%
85 years and over 2,071 2.4%
Total Population 86,812 100.0%
Population Demographics(1)
Age
EXHIBIT A
318
151
City of Livermore
Principal Employers
Current Year and Nine Years Ago
Percentage Percentage
of Total City of Total City
Employer Employees Rank Employment Employees Rank Employment Lawrence Livermore National Lab 8,100 1 15.40% 5,870 1 17.42% Sandia National Lab 1,770 2 3.36% 1,100 2 3.26% Livermore Valley Joint Unified School District 1,351 3 2.57% 1,077 3 3.20% Lam Research 1,205 4 2.29%
Form Factor 950 5 1.81% 850 4 2.52% Kaiser Permanente 935 6 1.78% 750 5 2.23% GILLIG 920 7 1.75%
US Foodservice Inc 690 8 1.31%
Topcon Positioning Systems 500 9 0.95% Las Positas College 478 10 0.91% 515 9 1.53% Comcast 710 6 2.11%
Wente 676 7 2.01%
Livermore Area Recreation and Parks District 540 8 1.60% Valley Care Health Systems 432 10 1.28%
32.13% 37.16%
* Estimated
Source: City of Livermore Office of Innovation and Economic Development U.S. Bureau of Labor Statistics
Principal Employers
Current Year and Nine Years Ago
2022 2013
EXHIBIT A
319
152
City of Livermore
Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function/Program
General government
Administrative Services 1,4 31.50 31.75 31.75 32.50 33.50 35.50 39.25 38.25 39.25 39.25 City Manager 2 6.00 7.00 7.00 7.00 6.00 7.00 7.00 7.00 7.00 7.00 City Attorney 8.00 8.00 8.00 8.50 8.50 8.50 8.50 9.00 9.00 9.00 Police 4 140.25 140.75 141.75 141.75 142.75 141.75 145.00 145.50 145.50 145.50 Public Works 42.70 42.70 42.70 41.45 43.80 43.80 45.50 45.50 45.50 45.50 Community Development 64.50 63.50 63.50 63.50 64.50 66.50 66.50 68.50 68.50 67.50 Economic Development 3 3.00 - - - 3.00 3.00 3.00 4.00 4.00 4.00 Library 29.00 28.00 28.00 28.00 27.00 27.00 27.00 27.35 27.35 27.35 Airport 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.50 8.50 8.50 Water 15.25 15.00 15.00 15.00 13.75 13.75 10.00 11.00 10.00 10.00 Sewer 47.50 48.50 48.50 48.50 49.50 49.50 49.50 49.50 50.50 50.50 Las Positas Golf Course 0.80 0.80 0.80 0.80 0.70 0.70 - - - - Total 396.50 394.00 395.00 395.00 401.00 405.00 409.25 414.10 415.10 414.10 Notes:
1. Administrative Services was created in fiscal year 2010 and includes Human Resources, Finance and Information Technology employees. Starting in FY17, includes City Clerk employees. Prior years' data is added to Administrative Services for comparison purposes.
2. Prior to fiscal year 2010, City Manager included Information Technology employees.
3. In fiscal year 2011, Redevelopment employees are included in Community Development.
3. In fiscal years 2014-2016, Economic Development employees are included in Community Development.
4. Starting in FY18, two police Information Technology employees are included in Administrative Services.
6. Fire safety services are provided by Livermore-Pleasanton Fire Department, a JPA.
Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
EXHIBIT A
320
153
City of Livermore
Capital Assets Statistics by Function/Program
Last Ten Fiscal Years
Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Police
Stations 1 1 1 1 1 1 1 1 1 1 Patrol units 52 58 57 58 59 63 61 63 61 65 Fire stations 5 5 5 5 5 5 5 5 5 5 Public Works
Streets (centerline miles) 306 306 306 308 306 308 308 308 308 310 Streetlights 7,301 7,382 7,382 7,382 7,500 7,500 7,500 7,500 7,500 7,526 Traffic Signals 103 111 104 105 106 106 106 108 114 112 Enhanced Crosswalks 11 10 11 15 17 17 17 22 24 24 Las Positas Municipal Golf Course 2
Total acreage 195 195 195 195 195 195 195 195 195 195 Length of 18-hole course in yards 6,723 6,723 6,723 6,723 6,723 6,723 6,723 6,723 6,723 6,723 Length of 9-hole executive course in yards 1,133 1,133 1,133 1,133 1,133 1,133 1,133 1,133 1,133 1,133 Springtown Municipal Golf Course
Total acreage 90 90 90 90 N/A (1) N/A (1) N/A (1) N/A (1) N/A (1) N/A (1) Length of 9-hole course in yards 2,941 2,941 2,941 2,941 N/A (1) N/A (1) N/A (1) N/A (1) N/A (1) N/A (1) Water
Water mains (miles)
Potable water 147 147 148 148 148 151 162 162 162 163 Recycled water 23 23 21 21 21 21 20 20 20 20 Fire hydrants 1,493 1,560 1,487 1,495 1,516 1,548 1,550 1,559 1,567 1,567 Fire hydrants (recycled) 160 160 121 122 122 121 120 120 120 120 Wastewater
Sanitary sewers (miles) 295 295 297 297 297 302 304 304 304 304 Storm sewers (miles) 210 210 214 214 214 224 226 226 226 226 Treatment capacity (millions of gallons) 9 9 9 9 9 9 9 9 9 9 Municipal Airport
Length of longest runway in feet 5,253 5,253 5,253 5,253 5,253 5,253 5,253 5,253 5,253 5,253 Length of longest taxiway in feet 5,720 5,720 5,720 5,720 5,720 5,720 5,720 5,720 5,720 5,720 Total acreage 644 644 644 644 644 644 644 644 644 644 Number of hangars 393 393 393 393 393 393 393 393 393 393 * No data available
Sources: Various city departments.
9/6/12: The 9-hole Executive Course was closed as of July 1, 2011 and re-opened as a 9-hole Par 3 Course on May 17, 2012. 1/24/12: Measurement is in centerline miles.
(1) Springtown Golf Course has closed. The City has asked the Livermore Area Recreation and Park District to lead the Springtown Open Space Master Plan process.
(2) Las Positas Golf Course ceased as an enterprise fund in February 2019. The City Of Livermore has leased the golf course to a private management company.
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
EXHIBIT A
321
154
City of Livermore
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Police
Physical arrests 2,537 2,613 2,323 2,781 2,278 3,034 3,502 2,922 2,168 1,726 Parking violations 1,296 1,056 1,613 1,708 2,021 2,269 2,819 2,736 1,482 1,431 Traffic violations 8,635 7,114 6,813 5,142 4,540 5,344 8,620 8,576 5,531 4,060 Fire
Emergency responses 6,684 6,664 6,777 7,233 7,620 7,539 7,536 7,610 7,700 8,329 Fires extinguished 237 221 192 210 210 227 218 239 322 291 Inspections (1) 1,106 453 505 1,195 1,411 1,013 810 839 849 605 Annual fire inspection program 540 529 594 541 624 674 602 712 74 545 Public Works
Street resurfacing (centerline miles) 12.7 3.8 4.1 3.3 - - - 3.6 1.4 - Potholes repaired 204 190 653 504 1,347 969 1,152 858 639 700 Maintenance of Landscaping (acres) 316 316 320 329 330 334 338 340 350 350 Library
Volumes in collection 262,410 255,333 (2) 261,818 281,469 276,849 268,154 (5) 267,319 266,803 270,155 275,662 Total volumes borrowed 868,861 849,145 777,970 762,939 762,304 753,072 760,960 540,073 (7) 249,348 (7) 685,183 '(8) Community Development
Building permits issued NA NA NA NA 3,694 4,086 3,755 3,729 5,948 - Water
New connections 79 32 52 200 232 120 89 57 27 1 Water mains breaks - 1 1 3 3 - - - - - Other water breaks & leaks 20 14 14 18 19 16 30 17 31 29 Average Daily Consumption
Potable water (millions of gallons) 5.90 5.50 4.20 4.10 4.40 4.80 5.20 5.40 5.50 5.40 Recycled water (millions of gallons) 1.97 1.85 2.04 2.02 1.70 1.84 1.91 1.88 2.00 1.85 Peak daily consumption - potable 9.50 9.30 9.10 8.80 9.00 9.50 10.10 10.20 10.40 10.30 (millions of gallons)
Wastewater
Average daily sewage treatment 6.70 6.60 6.10 5.90 5.80 5.80 5.60 5.50 5.50 5.30 (millions of gallons)
New connections 280 190 389 659 311 385 347 200 286 96 Municipal Airport
Number of tenant aircraft 506 517 508 503 507 512 495 487 497 466 Total landings & takeoffs 143,651 160,733 122,140 121,050 117,834 146,988 156,405 148,568 170,707 (7) 195,952 Gallons of fuel pumped 642,239 734,597 644,617 281,288 - (4) - (4) - (4) - (4) - (4) - Las Positas Municipal Golf Course
Rounds Played 62,733 77,408 69,387 66,711 58,982 61,418 N/A -6 N/A (6) N/A (6) N/A Springtown Municipal Golf Course
Rounds Played 19,583 19,583 N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) N/A (1) Data is reported on a fiscal year basis.
(8) 600,531 physical + 84,652 digital checkouts
NA Data not available.
Source: Various city departments.
(7) Reduction due to COVID-19 shelter in place order that began in mid-March 2020. (2) In FY 13/14, the City added 28,000 new volumes to the Library Collection, and removed items that were outdated or in poor condition, consequently the overall number decreased. (3) Springtown Golf Course closed in October 2015. The City Of Livermore has asked the Livermore Area Recreation & Park District to lead the Springtown Open Space Master Plan process.
Operating Indicators by Function/Program
Last Ten Fiscal Years (1)
(4) Starting 11/25/2015, fuel was transitioned to Five Rivers Aviation. (5) Volume decreased due to removal of outdated materials. (6) Las Positas Golf Course ceased as an enterprise fund in February 2019. The City Of Livermore has leased the golf course to a private management company.
EXHIBIT A
322
155
City of Livermore
Water and Sewer Rates
Year Ended June 30, 2022
The monthly residential water bill for a customer using 10 CCF of water per month with a 5/8" meter would be $76.20.
Meter Size (inches)
City Service
Meter Charge
Flat Rate
Alameda
County Zone 7
Meter Charge
Flat Rate
Total Meter
Charge
5/8" (0.625) 22.85$ 24.40$ 47.25$
3/4" (0.75) 30.46 36.60 67.06 Billing Type Monthly Charge 1" with Fire Line 22.85 24.40 47.25 Single Family per Dwelling Unit 64.98$ 1" 45.66 61.00 106.66 Multi-Family per Dwelling Unit 53.17 1 1/2" Displacement 83.68 122.00 205.68 1 1/2" Turbine 98.89 146.40 245.29 2" Displacement 129.31 195.20 324.51 2" Turbine 152.12 231.80 383.92 Billing Type Monthly Charge 3" Turbine 338.42 530.70 869.12 Fixed Charge: Flat Rate $29.40 4" Turbine 577.95 915.00 1,492.95
6" Turbine 1,224.29 1,952.00 3,176.29 Variable Charge: Winter Water Use 8" 2,136.79 3,416.00 5,552.79 Billing Type Monthly Charge (Monthly + 10%) 1 10" 3,201.35 5,124.00 8,325.35 Auto Steam Cleaning per 100 Cubic ft. n/a n/a 1" Fire Line 2.82 exempt 2.82 Bakeries per 100 Cubic ft. 11.05 12.16$ 1 1/2" Fire Line 4.23 exempt 4.23 Commercial Laundries per 100 Cubic ft. 6.88 7.57$ 2" Fire Line 5.63 exempt 5.63 Markets per 100 Cubic ft. 11.08 12.19$ 3" Fire Line 8.44 exempt 8.44 Mortuaries per 100 Cubic ft. 11.08 12.19$ 4" Fire Line 11.25 exempt 11.25 Restaurants per 100 Cubic ft. 11.05 12.16$ 6" Fire Line 16.86 exempt 16.86 All Other per 100 Cubic ft. 4.91 5.40$ 8" Fire Line 22.48 exempt 22.48
10" Fire Line 28.08 exempt 28.08 Institutional:
Schools per 100 Cubic ft. 4.78 5.26$
All Other - Institution per 100 Cubic ft. 4.78 5.26$
Residential
Commercial
Water and Sewer Rates
For Year Ended June 30, 2022
Customers in the City's Water service area are billed monthly with rates shown below. The rates provided below are those in effect as of June 30, 2022. Residential sewer customers are billed via their property tax bill while the Commercial customers are billed monthly.
Water Sewer
EXHIBIT A
323
156
City of Livermore
Water System – Revenues by Class of User
June 30, 2022
Water Usage Cost Per Unit:
City Distribution Zone 7 Total
Cost Wholesale Cost Variable Cost
Residential:
Tier 1 (0-7 Units) 1.38$ 2.06 3.44 Tier 2 (8+ Units) 1.92$ 2.06 3.98 Commercial, Institution, Hydrant (Non-REC) & Public Agency:
All Units 1.50 2.06 3.56
Irrigation
All Units 1.92 2.06 3.98
Recycled Water:
All Units (Non-Demineralized) 3.30 3.3
1 Winter Water Use amount is the average consumption during Winter months multiplied by the Normal Monthly rate with an additional 10% service fee to the normal rate.
Water and Sewer Rates
For Year Ended June 30, 2022
Water Sewer
Fiscal Year Percentage of
User Class Revenues Revenues
Residential 23,042,514$ 83.3%
Commercial/Industrial 4,603,591 16.7%
Total 27,646,105$ 100%
Livermore Sewer System
Revenues by Class of User
Fiscal Year 2021-22
EXHIBIT A
324
157
City of Livermore
Sewer Connection Fees
June 30, 2022
Effective Date July 1, 2022
Flow/Volume 2021
Residential User Type in mg DUEs Connections
Single Family Residential 1,078 23,985 23,985 7,894.61$ Condominiums/Multiple Family
Residential 315 7,009 9,103
Commercial/Institutional 554 10,297 1,090 4,166.60$ Total Users 1,947 41,291 34,178 4,692.91
6,052.53
6,885.85
7,894.61
Auto Repair 4.82$
Assembly Facilities 6.58
Eating/drinking w/o cooking 15.35
Gas Stations 20.61
General Use 1.75
Gyms, Health Clubs 13.16
Hotels, Motels (excluding dining facilites) 6.58
Markets 8.33
Mixed use 4.39
Medical/Dental Office/Clinic 9.65
Restaurants 35.55
Warehouse 0.44
Industrial
F = Flow cost $/gpd 33.97$
B = BOD cost $/lb-day 2,954.71
S = SS cost $/lb-day 1,202.76
Four Bedroom
Note: DUE calculations were revised for FY2019/20 to ensure that 1 DUE is equal to the average wastewater generated by a single family home.Commercial (BOD & SS = 285 mg/L, unless otherwise shown)
The declines in Single Family parcels was caused by the reclassification of certain Single Family Residential parcels in FY 2019-20 as Multi-Family Residential due to a use code charge at the Alameda County level.
Single Family
Multi-Family
Studio
One Bedroom
Two Bedroom Note: Commercial Connection data prior to FY 2016/17 included double-counting of some accounts. Revised, lower numbers do not indicate a loss of commercial customers. Reduction Three Bedroom As of June 30, 2022
Sewer Connection Fees Livermore Sewer System
City of Livermore Number of Dwelling Unit Equivalents and Connections by Classification of User
EXHIBIT A
325
158
City of Livermore
Sewer System – Summary of Historical Operating Results
Fiscal Year Ended June 30
Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited 2013(5) 2014(5) 2015 2016 2017(5) 2018 2019 2020 2021 2022 Gross Revenues
Charges for services $ 18,411,889 $ 18,611,369 $ 18,264,709 $ 18,901,732 $ 20,388,467 $ 21,341,703 $ 22,920,343 $ 24,503,188 $ 25,500,934 $ 27,646,105 Connection Fees 2,323,680 922,479 1,857,287 3,677,231 1,834,854 2,477,971 2,311,224 1,341,958 1,966,329 689,915 Investment Income (Loss) (176,366) 552,475 306,248 834,666 178,872 395,756 1,783,751 1,955,582 234,858 (2,091,441) Other Revenue(4) 112,296 72,686 211,846 59,991 50,147 33,205 20,806 32,390 73,041 53,414 Total Gross Revenues 20,671,499 20,159,009 20,640,090 23,473,620 22,452,340 24,248,635 27,036,124 27,833,118 27,775,162 26,297,993 Maintenance & Operations Costs(2) 15,837,894 14,477,020 14,871,652 17,392,930 15,784,287 15,982,653 18,020,641 18,480,604 17,778,653 17,565,418 LAVWMA Net Revenues 4,833,605 5,681,989 5,768,438 6,080,690 6,668,053 8,265,982 9,015,483 9,352,514 9,996,509 8,732,575 Other Livermore Obligations
1994 State Loan Payments(3) 835,725 835,725 - - - - - - - - Net Revenue minus Obligations(3) 3,997,880 4,846,264 5,768,438 6,080,690 6,668,053 8,265,982 9,015,483 9,352,514 9,996,509 8,732,575 Share of LAVWMA Debt Service
Rehabilitation Project 1,096,397 973,529 974,153 973,711 973,985 974,289 973,970 974,183 974,244 910,398 Expansion Project 1,410,991 1,252,868 1,253,670 1,253,103 1,253,455 1,253,847 1,253,436 1,253,710 1,253,788 1,171,623 Total LAVWMA Debt Service $ 2,507,388 $ 2,226,397 $ 2,227,823 $ 2,226,814 $ 2,227,440 $ 2,228,136 $ 2,227,406 $ 2,227,893 $ 2,228,032 $ 2,082,021 LAVWMA Debt Service Coverage 1.59 2.18 2.59 2.73 2.99x 3.71x 4.05x 4.2x 4.49x 4.19x Net Revenues Available after
Obligations/LAVWMA 1,490,492 2,619,867 $ 3,540,615 $ 3,853,876 $ 4,440,613 $ 6,037,846 $ 6,788,077 $ 7,124,621 $ 7,768,477 $ 6,650,554 (1) Balances are derived from the Livermore audited financial statements. (4) Includes Operating Transfers in, if any.
(2) M&O excludes depreciation and debt service. M&O includes Payments to LAVWMA for LAVWMA Maintenance and Operation Costs. See “SECURITY FOR THE 2021 BONDS.” Includes Operating (3) Reflects Net Revenues remaining after payment of debt service on Livermore’s Obligations. (5) In fiscal year 2016-17, Stormwater activities were reported together with Sewer activities, but were approximately 5% fo total gross revenues. Stormwater revenues are not pledged to the 2021 Bonds. Starting in fiscal year 2017-18, Stormwater activites are reported seperately from Sewer.
Livermore Sewer System
Summary of Historical Operating Results (1)
Fiscal Year Ended June 30
EXHIBIT A
326
159
City of Livermore
Schedule of Insurance
June 30, 2022
COVERAGE BROKER COVERAGE POLICY NO LIMITS TERM
General/Auto Liability Primary Layer City of Livermore - Self Insured Retention
Not applicable $750,000 Self Insured Retention. 7/1/21-6/30/22 General/Auto Liability Excess Coverage
First Layer
California Joint Powers Risk
Management Authority (CJPRMA)
Bodily Injury, Property Damage, Personal Injury, Public Officials Errors & Omissions, Employment Practices, Mold, Sexual Abuse at day care, terrorism, Pollution
2021-2022 MOC CJPRMA jointly indemnifies members from SIR to $7.5M
7/1/21-6/30/22
General/Auto Liability Excess Coverage
Second Layer
Alliant - Munich Re
A.M. Best Rating A++:XV
Following CJPRMA Memorandum of Coverage 152376-3019263-2021 $5,000,000 per occurrence excess of $7,500,000 per occurrence retention for Bodily Injury /
Property Damage / Personal Injury / Public
Officials E&O
7/1/21-6/30/22
General/Auto Liability Excess Coverage Third
Layer
Applied
A.M. Best Rating A++:XV
Following CJPRMA Memorandum of Coverage CI21NPX-01042-01 $2,500,000 per occurrence excess of $12,500,000 per occurrence retention for Bodily
Injury / Property Damage / Personal Injury /
Public Officials E&O
7/1/21-6/30/22
General/Auto Liability Excess Coverage
Fourth Layer
Everest Re
A.M. Best Rating A+:XV
Following CJPRMA Memorandum of Coverage FC10045252-2020 $5,000,000 per occurrence excess of $15,000,000 per pccurrence retention for Bodily
Injury / Property Damage / Personal Injury /
Public Officials E&O
7/1/21-6/30/22
General/Auto Liability Excess Coverage Fifth
Layer
Chubb
+A.M. Best Rating A++:XV
Following CJPRMA Memorandum of Coverage G71816370001 $5,000,000 per occurrence excess of $20,000,000 per pccurrence retention for Bodily
Injury / Property Damage / Personal Injury /
Public Officials E&O
7/1/21-6/30/22
Genera/Auto Liability Excess Coverage Sixth
Layer
Scor Reinsurance Company
A.M. Best Rating A-:XV
Following CJPRMA Memorandum of Coverage 10F148843-2020-1 $7,500,000 excess of $25,000,000 7/1/21-6/30/22 Genera/Auto Liability Excess Coverage
Seventh Layer
AWAC Following CJPRMA Memorandum of Coverage 0312-9438 $7,500,000 excess of $32,500,000 7/1/21-6/30/22 Commercial Property Lloyd's of London
APIP
Real and Personal Property / Business Interruption / Extra Expense / Rental Coverage / Flood, Excluding Earthquake
Coverage is on a replacement cost basis.
Lloyds - B0180PJ1900047
APIP - 017471589/06
Primary Property Limit: $400,000,00
Deductible $250,000
$500,000 for Wildfire
$1,000,000 Flood Zones A & V
7/1/21-6/30/22
*Boiler and Machinery
included in property program
APIP/
Travelers Boiler & Machinery
APIP 017471589/06
Travelers BME1-2H11173A
100000000 7/1/21-6/30/22
Pollution Allianz Interstate Fire & Casualty
Company
Claims Made and Reported Pollution Liability USL00889720 $3,000,000 per occurrence $3,000,000 aggregate with $75,000 deductible
7/1/21-6/30/22
Pollution APIP/Interstate Fire & Casualty
Company
Claims Made and Reported Pollution Liability $2,000,000 per occurrence $25,000,000 aggregate (all insureds combined)
7/1/21-6/30/22
Aircraft Policy - Drones Starr Indemnity & Liability
Company
Hull and Liability coverage for reported drones to CJPRMA 1000233406-04 $5,000,000 Combine Single Limit for BI & PD - No Deductible
7/1/21-6/30/22
Cyber Liability APIP/Beazley Information security & privacy insurance with electronic media liability coverage
MLN624127.01/2019 $2,000,000 per member; $25,000,000
aggregate. Deductible is $100,000.
7/1/21-6/30/22
Excess Cyber APIP/Axis Information security & privacy insurance with electronic media liability coverage
MLN624127.01/2018 $3,000,000 excess of $2,000,000 pool aggregate $4,000,000
7/1/20-6/30/21
Excess Cyber Tokio Marine HCC Information security & privacy insurance with electronic media liability coverage
H21CXS2022800 $1,000,000 each claim/ $1,000,000 aggregate, $4,000,000 each claim/$43,000,000 aggregate
7/1/21-6/30/22
SCHEDULE OF INSURANCE AS OF JUNE 30, 2022
EXHIBIT A
327
160
City of Livermore
Schedule of Insurance
June 30, 2022
COVERAGE BROKER COVERAGE POLICY NO LIMITS TERM
Deadly Weapon Respsonse Program APIP/Lloyds Claims Made and Reported PJ20000500004 $500,000 per occurrence & aggregate $2,500,000 deductible
7/1/21-6/30/22
Auto Physical Damage Hanover - Inland Marine Auto physical damage coverage for city-owned vehicles IH3 9163180-09 Per occurrence limit: $10,000,000 $10,000 deductible with replacement value as
scheduled
7/1/21-6/30/22
EPL sublimit $12.5M. This is $7.5M CJPRMA
retention and $5M with Munich. Retained
$5M aggregate with Munich.
Subsidence sublimit changed
$7.5M. This reflects CJPRMA
increased retention. No coverage in
reinsurance.
Communicable disease sublimit of $7.5M added. This reflects coverage in CJPRMA retention. Not excluded in CJPRMA. No coverage in reinsurance.
Fungal pathogens sublimit
$12.5M. This is $7.5M
CJPRMA retention and $5M
with Munich. Retained $5M
aggregate with Munich.
Sexual abuse in daycare operations $12.5M.
This is $7.5M CJPRMA retention and $5M with
Munich. Kept $5M aggregate with Munich.
Terrorism sublimit $12.5M. This
is $7.5M CJPRMA retention and
$5M with Munich. Retained $5M
aggregate with Munich.
Three other sublimits increased from $5M to
$7.5M. No reinsurance for these. These are
airport public officials error and omissions
and some pollution items These are all as
exception to exclusions. Exclusion #2 &
Exclusion #27.
Fiduciary AON/Travelers 457 Governmental money purchase plan and trust. T 06104-2989 $1,000,000 for all claims, $100,000 for each settlement program notice.
7/1/21-6/30/22
DIC (Difference in Conditions) Earthquake
and Flood
AON - ACE: Westchester Surplus
Lines Insurance
Property coverage per schedule for damage from Earthquake or Flood as excluded from Property Program.
D3740021A010 $5,000,000 per occurrence with $5,000,000
annual aggregate; deductible is $25,000 for
flood; 10% of the separate insurable value
subject to a minimum of $100,000 per
occurrence
7/1/21-6/30/22
DIC (Difference in Conditions) Earthquake
and Flood (Excess)
AON - Evanston Insurance Company Property coverage per schedule for damage from Earthquake or Flood as excluded from Property Program.
MKLV5XPR000359 Additional $5,000,000 coverage 7/1/21-6/30/22 DIC (Difference in Conditions) Earthquake
and Flood (Excess)
AON - Arch Specialty
Insurance
Company
Property coverage per schedule for damage from Earthquake or Flood as excluded from Property Program.
ESP100342301 Additional $5,000,000 coverage 7/1/21-6/30/22 Public Employee Blanket Bond
(Crime/Fidelity)
AON – Great American Insurance
Group
Faithful performance, any dishonest act, including forgery, alteration, & theft
Covers all employees statutorily required to maintain bonding.
GVT 0521778 08 00 Deductible is $10,000 per loss
Coverage is $500,000 per loss
7/1/21-6/30/22
Airport Liability AON/Old Republic Insurance Co. Airport liability / Hangerkeeper’s / Advertising / Vehicles / Non‐ owned aircraft / Fire Legal Liability / Products and Completed Operations / Premises
PR00269704 $75,000,000 per occurrence with $0 deductible; $4M Excess of $1M for airport owned vehicles
off site
7/1/21-6/30/22
Workers’ Compensation and Employer
Liability Primary Layer
City of Livermore - Self Insured
Retention
State Mandated workers’ compensation coverage for miscellaneous and safety member employees, including volunteers. Also covers employer liability not covered under statutory workers’ compensation coverage.
Not applicable Self Insured retention of $500,000 7/1/21-6/30/22 Workers’ Compensation and Employer
Liability Excess Coverage First Layer
Local Agency Workers’
Compensation Excess Joint Powers
Authority (LAWCX)
State mandated workers’ compensation coverage for miscellaneous and safety member employees, including volunteers. Also covers employer liability not covered under statutory workers’ compensation coverage.
2021-2022 MOC $5 million in excess of SIR of $500,000 per claim 7/1/21-6/30/22 Worker’s Compensation and Employer
Liability Reinsurance and Excess Coverage
Second Layer
PRISM, Reinsurance from ACE
American Insurance Co.
State mandated workers’ compensation coverage for miscellaneous and safety member employees, including volunteers. Also covers employer liability not covered under statutory workers’ compensation coverage.
PRISM PE 21 EWC-32 $50,000,000 each accident/each employee (Difference between $50,000,000 and the
individual member’s retention)
7/1/21-6/30/22
Worker’s Compensation and Employer
Liability Reinsurance and Excess Coverage
Third Layer
Liberty Insurance Corporation State mandated workers’ compensation coverage for miscellaneous and safety member employees, including volunteers. Also covers employer liability not covered under statutory workers’ compensation coverage.
EW7-64N-444785-011 Statutory excess of $50,000,000 7/1/21-6/30/22 SCHEDULE OF INSURANCE AS OF JUNE 30, 2022
EXHIBIT A
328
161
City of Livermore
Redevelopment Project – Historical Tax Revenues
Last Ten Fiscal Years
Category FY2015-16 FY2016-17 FY2017-18 FY2018-19 FY2019-20 FY2020-21 FY2021-22 Secured Assessed Values 605,121,061$ 669,402,838$ 724,912,255$ 758,981,194$ 791,094,983$ 822,520,189$ 850,789,180$ Unsecured Assessed Values 48,359,416 53,829,143 50,958,223 45,926,379 35,085,427 51,529,379 62,774,541 Total Assessed Values 653,480,477 723,231,981 775,870,478 804,907,573 826,180,410 874,049,568 913,563,721 Percentage Change 7.44% 10.67% 7.28% 3.74% 2.64% 5.79% 4.52% Base Year Assessed Values 70,060,057$ 70,060,057$ 70,060,057$ 70,060,057$ 70,060,057$ 70,060,057$ 70,060,057$ Incremental Assessed Values 583,420,420 653,271,924 705,810,421 734,847,516 756,120,353 803,989,511 844,092,046 Gross Tax Increment Revenue 6,058,269 6,874,820 7,445,163 7,580,878 7,803,155 8,120,693 8,450,605 Unitary Tax Revenues 22,544 20,139 26,881 33,058 34,184 34,184 295,127 Gross Revenues 6,080,813 6,894,959 7,472,044 7,613,936 7,837,339 8,154,877 8,745,732 Adjustments to Gross Revenues:
County Administrative Fees 43,624 46,546 48,779 58,375 52,352 53,869 53,438 Sections 33676 Payments 2,407 2,500 2,620 2,742 2,867 2,994 3,114 Tax Revenues 6,034,782$ 6,845,913$ 7,420,645$ 7,552,819$ 7,782,120$ 8,098,014$ 8,689,180$ Negotiation Pass-Through Payments 1,081,931 1,199,765 1,296,935 1,313,615 1,358,458 1,410,293 1,469,000 Statutory Pass-Through Payments 271,154 375,440 449,671 451,116 497,712 541,976 643,000 Net Tax Increment Revenues 4,681,697$ 5,270,708$ 5,674,039$ 5,788,088$ 5,925,950$ 6,145,745$ 6,577,180$ Source: The HDL Companies
1) Secured values include state assessed non-unitary utility property 2) Represents section 33676 payments to the Bart, the Abatement District, the Community College and the Flood Control District 3)
4)
5) Starting in FY21-22 Supplemental Tax Increment was added to the Unitary Tax Increment line. Before FY 21-22, only Unitary tax was included.
Livermore Successor Agency to the Former Redevelopment Agency Redevelopment Project
Historical Tax Revenues
Represents payments pursuant to the Pass-Through Agreements. Such payments were not subordinate to the payment of debt service on the 2001 Bonds but, because such payments are subordinate to the payment of debt service on the 2016 Bonds, are shown as such for purposes of showing historical Tax Revenues.
Represents statutory pass-through payments with respect to the Project Area required pursuant to AB 1290. Such payments were not subordinate to the payment of debt service on the 2016 Bonds, are shown as such for purposes of showing historical Tax Revenues
EXHIBIT A
329
162
City of Livermore
Redevelopment Project – Ten Largest Taxable Property Owners Last Ten Fiscal Years
Total % of Total % of
FY 2021-22 Assessed Incremental
Assessee Land Use Assessed Value Value Value
ValleyCare Senior Housing Inc. Assisted Care Senior Housing Development 59,465,421$ 6.50% 7.04% Hospital Comm Livermore Stanford Valleycare Medical Offices/Facilities 53,041,650 5.80% 6.28% Sequoia Equities Mill Springs Mill Springs Park Apartments 53,000,863 5.80% 6.28% Dorothy J. Anderson Trust (1) Orchard Hardware / Safeway Retail Center 38,903,801 4.26% 4.61% Maroon Bear 2 LP Commercial Center - Livermore Ave at 1st Street 32,582,234 3.56% 3.86% Comcast of California Cable Television/Internet Facilities 30,713,960 3.36% 3.64% 35 Fenton Street LLC The Watermark - Assisted Living 23,094,240 2.53% 2.74% Serra LLC (1) Walgreens Pharmacy - 1st Street & SP Street 15,584,227 1.70% 1.85% Sai La Family LP et al and LAC et al Trader Joe's Home Furnishings Retail Center 13,047,791 1.43% 1.55% Taylor Morrison California LLC Vacant 12,459,252 1.36% 1.48% Top Ten Total 331,893,439$ 36.30% 39.33%
Total FY 2021-22 Assessed Valuation 914,152,103$ 100.00% Total FY 2021-22 Incremental Assessed Valuation 844,092,046$ 100.00% Source: The HDL Companies
1) Taxpayers have pending assessment appeals with respect to property within the Project Area.
Livermore Successor Agency to the Former Redevelopment Agency Redevelopment Project
Ten Largest Taxable Property Owners
Total No. of No. of No. of Value of
Appeals Resolved Successful Average Appeals Appeals
Filed Appeals Appeals AV Reduction Pending Pending
79 41 6 16.30% 38 150,796,619$
Appeals for FY 2015-16 to FY 2020-21
Livermore Successor Agency to the Former Redevelopment Agency Assessment Appeals
EXHIBIT A
330
163
City of Livermore
Redevelopment Project – Actual and Projected Tax Revenues and Debt Service Coverage Last Ten Fiscal Years
Debt Service Debt
Gross Tax SB 2557 Section 33676 on 2016 Service
Fiscal Year Revenues Charge Payments Tax Revenues Bonds Coverage 2016-17 6,894,959$ (46,546)$ (2,500)$ 6,845,913$ 2,151,702$ 3.18 2017-18 7,472,044 (48,779) (2,620) 7,420,645 2,073,969 3.58 2018-19 7,613,936 (58,375) (2,742) 7,552,819 2,075,969 3.64 2019-20 7,837,339 (52,352) (2,867) 7,782,120 2,074,969 3.75 2020-21 8,154,877 (53,869) (2,994) 8,098,014 2,075,969 3.90 2021-22 8,745,732 (53,438) (3,114) 8,689,180 2,073,719 4.19 2022-23 6,293,445 (46,309) (2,268) 6,244,868 2,078,219 3.00 2023-24 6,293,445 (46,309) (2,268) 6,244,868 2,068,969 3.02 2024-25 6,293,445 (46,309) (2,268) 6,244,868 2,071,469 3.01 2025-26 6,293,445 (46,309) (2,268) 6,244,868 2,074,969 3.01 2026-27 6,293,445 (46,309) (2,268) 6,244,868 2,073,519 3.01 2027-28 6,293,445 (46,309) (2,268) 6,244,868 2,070,569 3.02 2028-29 6,293,445 (46,309) (2,268) 6,244,868 2,076,581 3.01 2029-30 6,293,445 (46,309) (2,268) 6,244,868 2,070,481 3.02 2030-31 6,293,445 (46,309) (2,268) 6,244,868 2,075,175 3.01 2031-32 6,293,445 (46,309) (2,268) 6,244,868 - 0.00 2032-33 6,293,445 (46,309) (2,268) 6,244,868 - 0.00 1) FY 2016-17 through FY 2021-22 are based on actual
2) FY 2022-23 and on are the projections set forth in the official statement Livermore Successor Agency to the Former Redevelopment Agency Redevelopment Project
Actual(1) and Projected(2) Tax Revenues and Debt Service Coverage (Assumes 0% Growth)
EXHIBIT A
331
164
This Page Intentionally Left Blank
EXHIBIT A
332
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT B
333
EXHIBIT B
334
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
Page | i
Table of Contents
Page
Independent Auditor’s Report 1
Financial Statements:
Balance Sheet 5
Statement of Revenues, Expenditures and Changes in Fund Balances 6 Notes to Financial Statements 7
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 10
EXHIBIT B
335
Page | ii
EXHIBIT B
336
Independent Auditor’s Report
The Honorable City Council
City of Livermore, California
Report on the Audit of the Financial Statements
Opinions
We have audited the Financial Statements of the Measure B Funds, a special revenue funds of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the Measure B Funds of the City, as of June 30, 2022, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). 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 independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 1, the financial statements specific to Measure B are intended to present the financial position and the changes in financial position attributable to the transactions of that Fund.
They do not purport to, and do not, present fairly the financial position of the City as of June 30, 2022, and the changes in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
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What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE EXHIBIT B 337
Page | 2
Responsibility of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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 GAAS 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 GAAS 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 circumstances, 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 policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
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.
EXHIBIT B
338
Page | 3
Required Supplementary Information
Management has omitted management's discussion and analysis and budgetary comparison information that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of the financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 31, 2023, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Menlo Park, California
January 31, 2023
EXHIBIT B
339
Page | 4
EXHIBIT B
340
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
Page | 5
BALANCE SHEET
As of June 30, 2022
Bicycle and Local Streets
Pedestrian and Roads Totals
ASSETS
Cash and Investments (Note 2) 442,446$ 2,437,573$ 2,880,019$ Measure B Direct Local Distribution
Program Receivable 3,950 14,726 18,676 Total Assets 446,396$ 2,452,299$ 2,898,695$
LIABILITIES
Accounts Payable 14,090$ 353,087$ 367,177$ Accrued Liabilities - 2,500 2,500 Total Liabilities 14,090 355,587 369,677
FUND BALANCES
Restricted for Measure B Programs
and Projects 432,306 2,096,712 2,529,018 Total Fund Balances 432,306 2,096,712 2,529,018 Total Liabilities & Fund Balances 446,396$ 2,452,299$ 2,898,695$ See accompanying notes to financial statements
EXHIBIT B
341
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
Page | 6
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES For the Fiscal Year Ended June 30, 2022
Bicycle and Local Streets
Pedestrian and Roads Totals
REVENUES
Measure B Direct Local Distribution
Program Revenue
Direct Local Distribution Funds Allocation 277,061$ 1,032,815$ 1,309,876$ Interest and Investment Income (11,444) (59,478) (70,922) Total Program Revenues 265,617 973,337 1,238,954
EXPENDITURES
Measure B Direct Local Distribution
Expenses-Current
General Government 161,458 70,600 232,058 Construction 46,159 1,290,661 1,336,820 Total Program Expenditures 207,617 1,361,261 1,568,878
REVENUES OVER (UNDER) EXPENDITURES/
NET CHANGE IN FUND BALANCE 58,000 (387,924) (329,924)
FUND BALANCES
Beginning Fund Balance 374,306 2,484,636 2,858,942 Ending Fund Balance 432,306$ 2,096,712$ 2,529,018$ See accompanying notes to financial statements
EXHIBIT B
342
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Page | 7
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
All transactions of the Measure B Direct Local Distribution (DLD) funds of the City of Livermore, California (City) distributed by Alameda County Transportation Commission (ACTC) - Measure B Program (Measure B Program), are combined with other ACTC fundings and reported as a separate special revenue fund in the basic financial statements of the City. The Measure B Program is used to account for the City’s share of DLD revenues earned and expenditures incurred under the City’s local streets and roads, and bike and pedestrian programs. The accompanying financial statements are for the Measure B Program only and are not intended to fairly present the financial position of the City and the results of its operations.
B. Basis of Accounting
The accompanying financial statements are prepared on the modified accrual basis of accounting. Revenues are generally recorded when measurable and available, and expenditures are recorded when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds are accounted for using a “current financial resources” measurement focus, wherein only current assets and current liabilities generally are included on the balance sheets. Operating stat ements of governmental funds present increased (revenues and other financing sources) and decreased (expenditures and other financing uses) in net current assets.
C. Description of Funds
The accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity with a self- balancing set of accounts. The City uses Special Revenue Funds to account for the proceeds of specific revenues (other than for capital projects) that are legally restricted to be expended for specified purposes.
D. Use of Estimates
Management uses estimates and assumptions in preparing the financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
EXHIBIT B
343
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Page | 8
NOTES TO THE FINANCIAL STATEMENTS
NOTE 2 – CASH AND INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City. Pooled cash and investments consist of U.S. Treasury or its agencies, money market funds investing in such obligations, medium term corporate notes that meet specified rating requirements, and the State Treasurer’s investment pool (Local Agency Investment Fund). All investments are stated at fair value. Pooled investment earnings are allocated based on the average cash and investment balances of the various funds and related entities of the City. Due to the recent federal rate hikes occurring at the end of fiscal year 2022, the City ended with a large adjustment to fair market value of pooled cash, resulting in negative interest income in the fiscal year.
See the City’s Annual Comprehensive Financial Report for disclosures related to cash and investments and the related custodial risk categorization.
NOTE 3 – MEASURE B PROGRAM
Under Measure B, approved by the voters of Alameda County in 2000, the City receives a portion of the proceeds of an additional one-half cent sales tax to be used for transportation -related expenditures. This measure was adopted with the intention that the funds generated by the additional sales tax will not fund expenditures previously paid by property taxes but, rather, would be used for additional projects and programs.
Projects funded by Measure B 2000 were as follows:
Local Streets and Roads - To improve, repair, and overlay city streets.
Bike and Pedestrian - To provide sidewalk and ADA improvements and to implement the bikeway network.
EXHIBIT B
344
Page | 9
EXHIBIT B
345
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
The Honorable City Council
City of Livermore, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Measure B Fund (Measure B Fund) of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and have issued our report thereon dated January 31, 2023. Our opinion included an emphasis of matter as discussed in Note 1, that the financial statements present only the Fund specific to Measure B Fund and are not intended to present fairly the financial position and results of operations of the City in conformity with accounting principles generally accepted in the United States of America.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (Internal Control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control.
Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.
However, material weaknesses may exist that have not been identified.
Page | 10
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4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE EXHIBIT B 346
Page | 11
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Measure B Fund's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements including the applicable compliance requirements specified in the Measure B agreement between the City and Alameda County Transportation Commission, and noncompliance with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Menlo Park, California
January 31, 2023
EXHIBIT B
347
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT C
348
EXHIBIT C
349
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
Page | i
Table of Contents
Page
Independent Auditor’s Report 1
Financial Statements:
Balance Sheet 5
Statement of Revenues, Expenditures and Changes in Fund Balances 6
Notes to Financial Statements .....................................................................................................................7
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards .......................................................................................................................................... 10
EXHIBIT C
350
Page | ii
EXHIBIT C
351
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4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE Independent Auditor’s Report
The Honorable City Council
City of Livermore, California
Report on the Audit of the Financial Statements
Opinions
We have audited the Financial Statements of the Measure BB Funds, a special revenue fund of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the Measure BB Funds of the City, as of June 30, 2022, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). 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 independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 1, the financial statements specific to Measure BB are intended to present the financial position and the changes in financial position attributable to the transactions of that Fund.
They do not purport to, and do not, present fairly the financial position of the City as of June 30, 2022, and the changes in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Page | 1
EXHIBIT C
352
Page | 2
Responsibility of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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 GAAS 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 GAAS 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 circumstances, 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 policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
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.
EXHIBIT C
353
Page | 3
Required Supplementary Information
Management has omitted management's discussion and analysis and budgetary comparison information that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of the financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 31, 2023, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Menlo Park, California
January 31, 2023
EXHIBIT C
354
Page | 4
EXHIBIT C
355
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
Page | 5
BALANCE SHEET
As of June 30, 2022
Bike and Local Streets
Pedestrian and Roads Total
ASSETS
Cash and Investments 596,962$ 3,179,269$ 3,776,231$ Measure BB Direct Local Distribution
Program Receivable 155,827 638,893 794,720 Total Assets 752,789$ 3,818,162$ 4,570,951$
FUND BALANCE
Restricted for Measure BB Programs
and Projects 752,789 3,818,162 4,570,951 Total Fund Balances 752,789 3,818,162 4,570,951 Total Liabilities & Fund Balances 752,789$ 3,818,162$ 4,570,951$ See accompanying notes to financial statements
EXHIBIT C
356
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
Page | 6
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES For the Fiscal Year Ended June 30, 2022
Bike and Local Streets
Pedestrian and Roads Total
REVENUES
Measure BB Direct Local Distribution
Program Revenue
Direct Local Distribution Funds Allocation 379,562$ 1,556,219$ 1,935,781$ Interest and Investment Income (14,847) (76,034) (90,881) Total Program Revenues 364,715 1,480,185 1,844,900
EXPENDITURES
Measure BB Direct Local Distribution
Expense-Current
General Government 780 48,470 49,250
Construction 85,599 297 85,896
Total Program Expenditures 86,379 48,767 135,146
REVENUES OVER (UNDER) EXPENDITURES/
NET CHANGE IN FUND BALANCE 278,336 1,431,418 1,709,754
FUND BALANCES
Beginning Fund Balance 474,453 2,386,744 2,861,197 Ending Fund Balance 752,789$ 3,818,162$ 4,570,951$ See accompanying notes to financial statements
EXHIBIT C
357
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Page | 7
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
All transactions of the Alameda County Transportation Commission - Measure BB Funds (Measure BB Funds) of the City of Livermore, California (City), are included as a separate special revenue fund in the basic financial statements of the City. The Measure BB Funds are used to account for the City’s share of revenues earned and expenditures incurred under the City’s local streets and roads, and bike and pedestrian programs. The accompanying financial statements are for the Measure BB Funds only and are not intended to fairly present the financial position of the City and the results of its operations.
B. Basis of Accounting
The accompanying financial statements are prepared on the modified accrual basis of accounting. Revenues are generally recorded when measurable and available, and expenditures are recorded when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
All governmental funds are accounted for using a “current financial resources” measurement focus, wherein only current assets and current liabilities generally are included on the balance sheets. Operating statements of governmental funds present increased (revenues and other financing sources) and decreased (expenditures and other financing uses) in net current assets.
C. Description of Funds
The accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity with a self-balancing set of accounts. The City uses Special Revenue Funds to account for the proceeds of specific revenues (other than for capital projects) that are legally restricted to be expended for specified purposes.
D. Use of Estimates
Management uses estimates and assumptions in preparing the financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
EXHIBIT C
358
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
FOR THE YEAR ENDED JUNE 30, 2022
Page | 8
NOTES TO FINANCIAL STATEMENTS
NOTE 2 – CASH AND INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City. Pooled cash and investments consist of U.S. Treasury or its agencies, money market funds investing in such obligations, negotiable certificates of deposit, commercial paper and medium-term corporate notes that meet specified rating requirements, mutual funds, guaranteed investment contracts, repurchase agreements, reverse repurchase agreements when authorized by the City’s Council, the State Treasurer’s investment pool (Local Agency Investment Fund), and banker's acceptances. The City did not enter into any reverse repurchase agreements during 2021-2022. All investments ar e stated at fair value. Pooled investment earnings are allocated quarterly based on the average quarterly cash and investment balances of the various funds are related entities of the City. Due to the recent federal rate hikes occurring at the end of fiscal year 2022, the City ended with a large adjustment to fair market value of pooled cash, resulting in negative interest income in the fiscal year.
See the City’s Annual Comprehensive Financial Report for disclosures related to cash and investments and the related custodial risk categorization.
NOTE 3 – MEASURE BB FUNDS
Under Measure BB, approved by the voters of Alameda County in 2014, the City receives a portion of the proceeds of an additional 0.5 percent sales tax to be used for transportation -related expenditures. These measures were adopted with the intention that the funds generated by the additional sales tax will not fund expenditures previously paid by property taxes but, rather, would be used for additional projects and programs.
Projects funded by Measure BB 2014 were as follows:
Local Streets and Roads - To improve, repair, and overlay city streets.
Bike and Pedestrian - To provide sidewalk and ADA improvements and to implement the bikeway network.
NOTE 4 - COMMITMENTS AND CONTINGENCIES
The City participates in several grant programs. These programs have been audited by the City’s independent accountants in accordance with the provisions of applicable State requirements. No cost disallowances were proposed as a result of these audits; however, these programs are still subject to further examination by the grantors and the amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time. The City expects such amounts, if any, to be immaterial.
EXHIBIT C
359
Page | 9
EXHIBIT C
360
What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
The Honorable City Council
City of Livermore, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Measure BB Funds (Measure BB Funds) of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and have issued our report thereon dated January 31, 2023. Our opinion included an emphasis of matter as discussed in Note 1, that the financial statements present only the Fund specific to Measure BB Funds and are not intended to present fairly the financial position and results of operations of the City in conformity with accounting principles generally accepted in the United States of America.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (Internal Control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control.
Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.
However, material weaknesses may exist that have not been identified.
Page | 10
EXHIBIT C
361
Page | 11
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Measure BB Fund's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements including the applicable compliance requirements specified in the Measure BB agreement between the City and Alameda County Transportation Commission, and noncompliance with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Menlo Park, California
January 31, 2023
EXHIBIT C
362
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
EXHIBIT D
363
EXHIBIT D
364
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
Financial Statements
For the Fiscal Year Ended June 30, 2022
Page | i
Table of Contents
Page
Independent Auditor’s Report ............................................................................................................................1
Financial Statements:
Balance Sheet ...............................................................................................................................................5
Statement of Revenues, Expenditures and Changes in Fund Balance ......................................................6
Notes to Financial Statements .....................................................................................................................7
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Pe rformed in Accordance with Government Auditing Standards .......................................................................................................................................... 10
EXHIBIT D
365
Page | ii
EXHIBIT D
366
Independent Auditor’s Report
The Honorable City Council
City of Livermore, California
Report on the Audit of the Financial Statements
Opinions
We have audited the Financial Statements of the Measure F Fund, a special revenue fund of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the Measure F Fund of the City, as of June 30, 2022, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). 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 independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 1, the financial statements specific to Measure F are intended to present the financial position and the changes in financial position attributable to the transactions of that Fund.
They do not purport to, and do not, present fairly the financial position of the City as of June 30, 2022, and the changes in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Page | 1
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4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE
EXHIBIT D
367
Page | 2
Responsibility of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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 GAAS 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 GAAS 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 circumstances, 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 policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
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.
EXHIBIT D
368
Page | 3
Required Supplementary Information
Management has omitted management's discussion and analysis and budgetary comparison information that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of the financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 31, 2023, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Menlo Park, California
January 31, 2023
EXHIBIT D
369
Page | 4
EXHIBIT D
370
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
Page | 5
BALANCE SHEET
As of June 30, 2022
Local Streets
and Roads
ASSETS
Cash and Investments 1,069,541$
Measure F Direct Local Distribution Program Receivable 69,229 Total Assets 1,138,770$
FUND BALANCE
Restricted for Measure F Programs and Projects 1,138,770 Total Fund Balances 1,138,770
Total Liabilities & Fund Balances 1,138,770$
See accompanying notes to financial statements
EXHIBIT D
371
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
Page | 6
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE FISCAL YEAR ENDED JUNE 30, 2022
Local Streets
and Roads
REVENUES
Measure F Direct Local Distribution Program Revenue
Direct Local Distribution Funds Allocation 405,050$
Interest (26,730)
Total Program Revenues 378,320
EXPENDITURES
Measure F Direct Local Distribution Expenses
General Government 1,500
Construction 72,859
Total Program Expenditures 74,359
REVENUES OVER (UNDER) EXPENDITURES
Net Change in Fund Balance 303,961
FUND BALANCE
Beginning Fund Balance 834,809
Ending Fund Balance 1,138,770$
See accompanying notes to the financial statements
EXHIBIT D
372
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
FOR THE YEAR ENDED JUNE 30, 2022
Page | 7
NOTES TO FINANCIAL STATEMENTS
NOTE 1 - BACKGROUND
The Measure F Alameda County Vehicle Registration Fee Program (VRF) was approved by the voters in November 2010, with 63 percent of the vote. The collection of the $10 per year vehicle registration fee started in the first week of May 2011. The goal of the VRF is to sustain the County’s transportation network and reduce traffic congestion and vehicle related pollution. The program includes four categories of projects:
• Local Road Improvement and Repair Program (60 percent) • Transit for Congestion Relief (25 percent)
• Local Transportation Technology (10 percent)
• Pedestrian and Bicycle Access and Safety Program (5 percent) The Alameda County Transportation Commission administers the program and distributes an equitable share of the funds among the four planning areas of the county over successive five year cycles. Geographic equity will be measured by a formula, weighted 50 percent by population of the planning area and 50 percent of the registered vehicles of the planning area.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Reporting Entity – All transactions of the VRF Program of the City of Livermore, California (City), are combined with other Alameda County Transportation Commission funds which are reported as a separate special revenue fund in the basic financial statements of the City. The VRF Program is used to account for the City’s share of revenues earned and expenditures incurred under the City’s local streets and roads program. The accompanying financial statements include VRF Funds only and are not intended to fairly present the financial position, results of o perations and cash flows of the City in accordance with accounting principles generally accepted in the United States of America.
Basis of Accounting - The accompanying financial statements are prepared on the modified accrual basis of accounting. Revenues are generally recorded when measurable and available, and expenditures are recorded when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.
All governmental funds are accounted for using a “current financial resources” measurement focus, wherein only current assets and current liabilities generally are included on the balance sheets. The financial statements of governmental fun ds present in creases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.
Description of Funds - The accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity with a self-balancing set of accounts. The City uses a Special Revenue Fund to account for the proceeds of specific revenues (other than for capital projects) that are legally restricted to be expended for specified purposes.
Use of Estimates – Management uses estimates and assumptions in preparing the financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
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373
CITY OF LIVERMORE
ALAMEDA COUNTY TRANSPORTATION COMMISSION
VEHICLE REGISTRATION FEE PROGRAM (VRF)
FOR THE YEAR ENDED JUNE 30, 2022
Page | 8
NOTES TO FINANCIAL STATEMENTS
NOTE 3 – CASH AND INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City. Pooled cash and investments consist of U.S. Treasury or its agencies, money market funds investing in such obligations, medium term corporate notes that meet specified rating requirements, guaranteed investment contracts and the State Treasurer’s investment pool (Local Agency Investment Fund). All investments are stated at fair value.
Pooled investment earnings are allocated based on the average cash and investment balances of the various funds and related entities of the City. Due to the recent federal rate hikes occurring at the end of fiscal year 2022, the City ended with a large adjustment to fair market value of pooled cash, resulting in negative interest income in the fiscal year.
See the City’s Annual Comprehensive Financial Report for disclosures related to cash and investments and the related custodial risk categorization. The ACFR may be obtained from the City of Livermore, 1052 S.
Livermore Avenue, Livermore, CA, 94550.
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Page | 9
EXHIBIT D
375
What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
The Honorable City Council
City of Livermore, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the Measure F Fund (Measure F Fund) of the City of Livermore, California (City), as of and for the year ended June 30, 2022, and have issued our report thereon dated January 31, 2023. Our opinion included an emphasis of matter as discussed in Note 1, that the financial statements present only the Fund specific to Measure F Fund and are not intended to present fairly the financial position and results of operations of the City in conformity with accounting principles generally accepted in the United States of America.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (Internal Control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control.
Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.
However, material weaknesses may exist that have not been identified.
Page | 10
EXHIBIT D
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Page | 11
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Measure F Fund's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements including the applicable compliance requirements specified in the Measure F agreement between the City and Alameda County Transportation Commission, and noncompliance with which could have a direct and material effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Menlo Park, California
January 31, 2023
EXHIBIT D
377
eidebailly.com
Independent Accountant’s Report on
Applying Agreed‐Upon Procedures Related To
The Article XIII‐B Appropriations Limit Calculation
For the Fiscal Year Ended June 30, 2022
City of Livermore, California
EXHIBIT E
378
What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE
1 Independent Accountant’s Report on Applying Agreed‐Upon Procedures Related to the Article XIII‐B Appropriations Limit Calculation
To the Honorable Mayor and Members of the City Council
of the City of Livermore
Livermore, California
We have performed the procedures enumerated below, on the Appropriations Limit Calculation of the City of Livermore, California (City) prepared in accordance with Article XIII‐B of the California Constitution for the fiscal year ended June 30, 2022. The City’s management is responsible for the Appropriations Limit Calculation.
The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the City in evaluating its Appropriations Limit Calculation and we will report on findings based on the procedures performed. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
The procedures performed and associated findings are as follows:
1. We obtained the completed worksheets setting forth the calculations necessary to establish the City's 2021‐2022 appropriations limit calculation and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the City Council.
Finding: No exceptions were found as a result of this procedure.
2. We added last year's limit to the annual adjustment amount and compared the resulting amount to the 2021‐2022 appropriations limit.
Finding: No exceptions were found as a result of this procedure.
3. We compared the current year information to the worksheets described in No. 1 above.
Finding: No exceptions were found as a result of this procedure.
4. We agreed the prior year appropriations limit to the prior year appropriations limit adopted by the City Council.
Finding: No exceptions were no as a result of this procedure.
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2 We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the City’s Appropriation Limit Calculation. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by Article XIII-B of the California Constitution.
This report is intended solely for the information and use of the City Council and management of the City and is not intended to be and should not be used by anyone other than those specified parties.
Menlo Park, California
January 31, 2023
EXHIBIT E
380
What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE 1 Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards To Honorable Mayor and Members
of the City Council of the City of Livermore
Livermore, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements the of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Livermore, California, (City) as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated January 31, 2023. Our report included an emphasis of matter relating to the adoption of GASB Statement No. 87, Leases.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control.
Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
EXHIBIT F
381
2 Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Menlo Park, California
January 31, 2023
EXHIBIT F
382
What inspires you, inspires us. | eidebailly.com
4040 Campbell Ave., Ste. 200 | Menlo Park, CA 94025-1053 | T 650.522.3400 | F 650.645.7393 | EOE 1 January 31, 2023
To Honorable Mayor and Members
of the City Council of the City of Livermore
Livermore, California
We have audited the financial statements of the City of Livermore, California (City) as of and for the year ended June 30, 2022, and have issued our report thereon dated January 31, 2023. Professional standards require that we advise you of the following matters relating to our audit.
We are currently performing the audit of the City’s federal award programs (Single Audit) and anticipate issuing our report thereon prior to March 31, 2023.
Our Responsibility in Relation to the Financial Statement Audit under Generally Accepted Auditing Standards and Government Auditing Standards
As communicated in our letter dated May 11, 2022, our responsibility, as described by professional standards, is to form and express an opinion about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of its respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting.
Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.
We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.
However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.
We have provided our comments regarding internal controls during our audit in our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards dated January 31, 2023.
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2 Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.
Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, as appropriate, our firm, and other firms utilized in the engagement, if applicable, have complied with all relevant ethical requirements regarding independence.
Qualitative Aspects of the Entity’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements. There have been no initial selection of accounting policies and no changes in significant accounting policies or their application during the fiscal year, other than the implementation of GASB Statement No. 87, Leases.
No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.
The most sensitive accounting estimates affecting the financial statements are related to the City Pension, Other Postemployment Benefits (OPEB), lease accounting discount rates and insurance liabilities.
Management’s estimate of the City Pension, OPEB and insurance liabilities is based on actuarial estimated performed by management specialists. Management’s estimate of the lease accounting discount rates is based the Treasury SLGS rates over the period of lease agreements with adjustment for the District’s risk profile.
We evaluated the key factors and assumptions used to develop the management estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole.
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3 Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements relate to the following:
• Note 1 summarizes the City’s accounting policies and describes significant changes in accounting policies due to the implementation of new accounting standards about leases. The effect of the restatement is further described at Note 10.
• Note 11 describes the valuation of the City’s net pension liability and related deferred outflows and inflows of resources. Such amounts are sensitive to the underlying actuarial assumptions used including, but not limited to, the investment rate of return and discount rate. As disclosed, a one percent increase or decrease in the discount rate has a material effect on the City’s net pension liability. • Note 12 describes the City’s postemployment benefits liability and related deferred outflows and inflows of resources are sensitive to the underlying actuarial assumptions used including, but not limited to, the discount rate and healthcare cost trend rate. As disclosed, a one percent increase or decrease in the discount rate or the healthcare cost trend rate has a material effect on the City’s post-employment benefits liability.
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole. There were no uncorrected or corrected missstatements identified as a result of our audit procedures.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the financial statements or the auditor’s report. No such disagreements arose during the course of the audit.Representations Requested from Management Circumstances that Affect the Form and Content of the Auditor’s Report For purposes of this letter, professional standards require that we communicate any circumstances that affect the form and content of our auditor’s report. Our report contains an emphasis of matter for the implementation of the GASB Statement 87, Leases.
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385
4 Representations Requested from Management
We have requested certain written representations from management which are included in the management representation letter dated January 31, 2023.
Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating conditions affecting the entity, and operating plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.
Other Information in Documents Containing Audited Financial Statements Pursuant to professional standards, our responsibility as auditors for other information in documents containing the City’s audited financial statements does not extend beyond the financial information identified in the audit report, and we are not required to perform any procedures to corroborate such other information.
However, in accordance with such standards, we will review the information inputted into the data collection form and will consider whether such information, or the manner of its presentation, is materially consistent with the financial statements.
Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.
The financial statements include investment in Livermore Pleasanton Fire Department (Department) using the equity interest method, which we considered to be a significant component of the financial statements of the governmental activities of the City. Consistent with the audit of the financial statements as a whole, our audit included obtaining an understanding of the Department and their environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements of Department and completion of further audit procedures
The financial statements include investment in Livermore Amador Valley Water Management Agency (Agency) using the equity interest method, which we considered to be a significant component of the financial statements of the Water Fund and Business-Type Activities. The financial statements of the Agency were audited by other auditors. Eide Bailly assumed responsibility for the audit of the financial statements of the Agency and no reference is made in the auditor’s report to the other auditor. Consistent with the audit of the financial statements as a whole, our audit included obtaining an understanding of the Agency and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements of
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5 the City and completion of further audit procedures. Additionally, our audit procedures included obtaining and reading their auditor’s report and the related financial statements This report is intended solely for the information and use of the governing board, and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.
Menlo Park, California
EXHIBIT G
387
CITY COUNCIL STAFF REPORT
ITEM NO. 5.11
DATE:
February 27, 2023
TO:
Honorable Mayor and City Council
FROM:
Christine Martin, Assistant City Manager
SUBJECT:
Resolution reauthorizing remote or hybrid teleconference meetings for City of Livermore's legislative bodies in accordance with Assembly Bill 361.
RECOMMENDED ACTION
Staff recommends City Council adopt a resolution reauthorizing remote or hybrid teleconference meetings for City of Livermore's legislative bodies in accordance with Assembly Bill 361.
SUMMARY
On September 16, 2021, the Governor signed Assembly Bill 361 (“AB 361”) into law, allowing the City’s legislative bodies to continue to meet via teleconference during proclaimed states of emergency under modified Brown Act requirements when a state of emergency is declared by the Governor pursuant to Government Code section 8625, proclaiming the existence of conditions of disaster or of extreme peril to the safety of persons and property within the state caused by conditions as described in Government Code section 8558. AB 361 further requires that state or local officials have imposed or recommended measures to promote social distancing, or, the legislative body meeting in person would present imminent risks to the health and safety of attendees. AB 361 requires reauthorization every 30 days.
DISCUSSION
An outbreak of coronavirus disease 2019 (COVID-19) caused by the 2019 novel coronavirus (SARS- CoV-2) began in Wuhan, Hubei Province, China in December 2019, and has now spread throughout the world.
On March 1, 2020, the Health Officer of Alameda County declared a public health emergency throughout the County of Alameda.
On March 4, 2020, the Governor of California proclaimed a state of emergency exists in California after making determinations that:
1 .
The conditions caused by COVID-19 are likely to require the combined forces of a mutual aid 388
region or regions to appropriately respond; and,
2 .
Local authority is inadequate to cope with the threat posed by COVID-19.
On March 12, 2020, the Alameda County Department of Public Health confirmed evidence of community-acquired transmission.
On March 13, 2020, the President of the United States of America declared a National state of emergency in response to the spread of COVID-19 within the United States of America.
On March 13, 2020, the City Manager declared a Local Emergency. The local emergency was ratified by City Council and continued every 30 days into 2022, where the emergency was terminated by Council in April 2022, then reinstated in May 2022 (Reso. No. 2022-077) and continued in June 2022 (Reso. No. 2022-099). The local emergency terminated thirty days thereafter, as it was not renewed.
However, the state continues its COVID-19 emergency response and the Governor has signed Executive Order N-11-22, which retains a limited set of provisions that remain necessary to continue responding to the threat posed by, and mitigating the effects of, the COVID-19 pandemic; and precautions toward reducing the spread of COVID-19, including strongly encouraging masking indoors and social distancing.
Based on the above, staff recommends the City Council adopt a resolution reauthorizing teleconference or hybrid meetings of the City's legislative bodies in accordance with AB 361.
FISCAL AND ADMINISTRATIVE IMPACTS
There are no fiscal or administrative impacts associated with the resolution.
ATTACHMENTS
1. Resolution
Prepared by: Christine Martin
Assistant City Manager
Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
389
RESOLUTION NO. ________
IN THE CITY COUNCIL OF THE CITY OF LIVERMORE, CALIFORNIA
A RESOLUTION REAUTHORIZING REMOTE TELECONFERENCE MEETINGS FOR THE CITY OF LIVERMORE’S LEGISLATIVE BODIES IN ACCORDANCE WITH ASSEMBLY BILL 361, INCLUDING HYBRID
An outbreak of coronavirus disease in 2019 (COVID-19) caused by the novel coronavirus (SARS-CoV-2) began in Wuhan, Hubei Province, China, in December 2019, and spread throughout China and to numerous other countries and territories, including the United States.
COVID-19 is an infectious disease that causes respiratory illness. Experts anticipate that while a high percentage of individuals affected by COVID-19 will experience mild flu-like symptoms, some will have more serious symptoms and require hospitalization, particularly individuals who are elderly or have underlying chronic health conditions.
It is imperative to prepare for and respond to suspected or confirmed COVID-19 cases, to implement measures to mitigate the spread of COVID-19, and to prepare to respond to an increasing number of individuals requiring medical care and hospitalization.
The United States Centers for Disease Control and Prevention (CDC), the United States Health and Human Services Agency, the California Department of Public Health, and the Alameda County Department of Public Health are each working to monitor and plan for the potential spread of COVID-19 to support and guide local actions to preserve public health.
On January 23, 2020, the CDC activated its emergency response system to provide ongoing support for the response to COVID-19 in the United States.
On January 31, 2020, the Secretary of the United States Department of Health and Human Services declared a public health emergency for the entire United States to aid the nation's healthcare community in responding to COVID-19.
On February 25, 2020, the Centers for Disease Control and Prevention announced that community spread of COVID-19 is likely to occur in the United States.
On March 1, 2020, Health Officer of Alameda County declared a public health emergency throughout the County of Alameda.
On March 4, 2020, the Governor of California proclaimed a state of emergency exists in California after making determinations that:
390
RESOLUTION NO. ________
1. The conditions caused by COVID-19 are likely to require the combined forces of a mutual aid region or regions to appropriately respond; and
2. Local authority is inadequate to cope with the threat posed by COVID-19.
On March 12, 2020, the Alameda County Department of Public Health confirmed evidence of community-acquired transmission.
On March 13, 2020, the President of the United States of America declared a national state of emergency in response to the spread of COVID-19 within the United States of America.
On March 16, 2020, the City Council adopted a resolution ratifying the declaration of local emergency (Resolution No. 2020-033).
On June 8, July 27, September 14, November 9, December 14, 2020, February 8, March 22, May 10, June 28, July 26, September 13, October 25, November 22, December 13, 2021, January 10, February 14, and February 28, 2022, the City Council adopted resolutions of continued local emergency (Resolution Nos. 2020-78, 2020-133, 2020-166, 2020-207, 2020-235, 2021-018, 2021-037, 2021-063, 2021-112, 2021-140, 2021-155, 2021-179, 2021-195, 2021-217, 2022-006, 2022-016, and 2022-022, respectively).
On April 11, 2022, the City Council adopted a resolution terminating the proclamation of local emergency and the temporary suspension and revision of the City Council Meeting Rules of Procedure, and all unexpired emergency orders declared in response to the spread of COVID-19.
On May 13, 2022, the Alameda County Department of Public Health, along with twelve Bay Area health officers, urged the public to take precautions as COVID-19 levels rise, including but not limited to continued masking indoors as the region experienced a new swell of COVID-19 cases and hospitalizations.
On May 20, 2022, the Director of Emergency Services declared a local emergency. The declaration was based on the Alameda County Department of Public Health’s guidance issued on May 13, 2022, and the increase of positive cases among Livermore residents and City of Livermore staff.
On May 23, June 13, and July 11, 2022, the City Council adopted resolutions ratifying the declaration of local emergency and to reauthorize remote teleconference meetings in accordance with Assembly Bill 361 (Reso. Nos. 2022-077, 2022-099, and 2022-121).
On September 12, October 10, October 24, November 14, and December 12, 2022, and January 9, and January 27, 2023, the City Council adopted a resolution to reauthorize remote teleconference meetings in accordance with Assembly Bill 361 391
RESOLUTION NO. ________
(Resolution Nos. 2022-153, 2022-167, 2022-175, 2022-185, 2022-217, 2023-001, 2023- 008).
The State continues its COVID-19 emergency response, and the Governor has signed Executive Order N-11-22, which retains a limited set of provisions that remain necessary to continue responding to the threat posed by and mitigating the effects of the COVID-19 pandemic; and precautions toward reducing the spread of COVID-19, including strongly encouraging masking indoors and social distancing.
Alameda County continues to align its response to the State and strongly encourages COVID-19 safety precautions, including masking indoors.
On October 17, 2022, Governor Newsom issued a press release announcing his intent to end the COVID-19 State of Emergency on February 28, 2023, and that he has been charting a path to phase out his executive orders. However, that has not yet occurred and the effects of COVID are still present.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Livermore, that it hereby finds that conditions warrant reauthorization of remote or hybrid teleconference meetings for the City of Livermore's legislative bodies in accordance with Assembly Bill 361 due to the COVID-19 pandemic.
BE IT FURTHER RESOLVED by the City Council of the City of Livermore that:
1. The Recitals set forth above are true and correct and are incorporated into this Resolution by reference.
2. The City Council has determined that COVID-19 continues to impact the ability of the City of Livermore’s legislative bodies to meet safely in person with no teleconference option. In-person meetings of the City of Livermore’s legislative bodies with no teleconference option might present imminent risks to the health or safety of some or all attendees.
3. The staff and legislative bodies of the City of Livermore are hereby reauthorized and directed to take all actions necessary to carry out the intent and purpose of this Resolution, including conducting open and public meetings in accordance with Government Code section 54953(e) and other applicable provisions of the Brown Act for fully teleconferenced meetings, or hybrid meetings that accommodate both in person and teleconference participation by the legislative body members, staff, and the public.
4. This Resolution shall take effect immediately upon its adoption and shall be effective until the earlier of March 27, 2023, or such time the City Council makes subsequent findings in accordance with Government Code section 54953(e)(3) to extend the time during which the legislative bodies of the City of Livermore may continue to teleconference without compliance with Government Code section 54953(b)(3). 392
RESOLUTION NO. ________
5. If any section, subsection, clause, or phrase in this Resolution is for any reason held invalid, the validity of the remainder of this Resolution shall not be affected thereby. The City Council would have passed this Resolution and each section, subsection, sentence, clause, or phrase thereof, irrespective of the fact that one or more sections, subsections, sentences, clauses, or phrases thereof be held invalid.
On motion of Council Member ______________________, seconded by Council Member ______________________, the foregoing resolution was passed and adopted on February 27, 2023, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ATTEST: APPROVED AS TO FORM:
_____________________________ /s/ Jason Alcala
Marie Weber Jason R. Alcala
City Clerk City Attorney
393
CITY COUNCIL STAFF REPORT
ITEM NO. 5.12
DATE:
February 27, 2023
TO:
Honorable Mayor and City Council
FROM:
Marianna Marysheva, City Manager
SUBJECT:
Ratification of Council Member appointments to intergovernmental agencies.
RECOMMENDED ACTION
Staff recommends the Mayor and City Council Members ratify changes made to intergovernmental agency appointments.
SUMMARY
Each year the Mayor appoints Council Members to serve on the various regional boards, commissions, and committees that require City Council representatives. In December of 2022, Council Member Barrientos was appointed to both East Bay Community Energy and Livermore Amador Valley Water Management Authority, however, the meeting times conflict and a change in appointment was needed.
The City Council appointed Council Member Branning as the delegate to Livermore Amador Water Management Authority.
DISCUSSION
Due to conflicting schedules between East Bay Community Energy and Livermore Amador Valley Water Management Authority meetings, the City Council requested that Council Member Barrientos remain a delegate for East Bay Community Energy and Council Member Branning be appointed as a delegate for Livermore Amador Valley Water Management Authority.
FISCAL AND ADMINISTRATIVE IMPACTS
No material fiscal or administrative impact results from appointing Council Members to serve on various regional boards, commissions or committees.
ATTACHMENTS
1. Intergovernmental Agency Appointments
394
Prepared by: Marie Weber
City Clerk
Approved by:
____________________________________
Marianna Marysheva
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
395
City Council Appointments to Intergovernmental Agencies/City Bodies Appointed by the Mayor UPDATED: FEBRUARY 13, 2023
Intergovernmental
Agency Delegate Alternate Date AppointedMeetings Website Alameda County
Transportation
Commission (ACTC) John Marchand Evan Branning 12/12/2022 4th
Thursday of
the month,
2:00 p.m.
https://www.alamedactc.org/
ACTC - Paratransit
Advisory and Planning
Committee (PAPCO)
Ben Barrientos
Member 12/12/2022
4th Monday
of the
month, 1:30
to 3:30 p.m. https://www.alamedactc.org/about-us/committees Altamont Landfill
Community Monitor
Committee
Ben Barrientos
Member 12/12/2022
Quarterly,
2nd
Wednesday
(Jan, Apr,
July, Oct),
4:00 p.m. https://altamontcmc.org/
Altamont Landfill Open
Space Account Advisory
Committee
Robert Carling
Member 12/12/2022
(Jan,
March, May,
July, Sept,
Nov) – 3rd
Friday of
the month,
12:30 pm to
2:30 p.m. https://www.acgov.org/bc/alosc/index.htm
Altamont Regional Traffic
Authority John Marchand Brittni Kiick 12/12/2022
At least one
regular
meeting
each year,
date and
time per
resolution. Altamont Regional Traffic Authority
Association of Bay Area
Governments (ABAG)
General Assembly Evan Branning Ben Barrientos 12/12/2022 As
announced,
1 day
program
(Other
meetings,
as
announced) ABAG