Agenda packet — Livermore City Council, January 26, 2026 (part 2 of 2)

SCHEDULE OF CONTRIBUTIONS
Safety Police Plan
A Cost Sharing Defined Benefit Pension Plan
Last 10 Years

EXHIBIT A
267
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*
Fiscal year Ended June 30, 2018 2019 2020 2021 2022 2023 2024 2025 Measurement date as of June 30, 2017 2018 2019 2020 2021 2022 2023 2024 Service Cost 1,324,000$ 1,364,072$ 1,404,890$ 1,188,021$ 1,223,662$ 1,032,271$ 1,087,105$ 713,709$ Interest 4,461,000 4,645,578 4,827,840 4,936,407 5,115,274 4,869,477 4,886,409 4,564,806 Changes of benefit terms - - - - - - - -
Changes in assumptions - - 4,311,034 - (1,463,176) 1,365,243 93,577 2,065,836 Differences between expected and actual experience - - (5,282,915) - (1,868,874) - (9,974,671) (1,534,307) Benefit payments, including refunds (2,839,793) (3,109,307) (3,383,525) (3,363,911) (3,452,661) (3,748,080) (3,838,518) (4,406,083) Net change in total OPEB liability 2,945,207 2,900,343 1,877,324 2,760,517 (445,775) 3,518,911 (7,746,098) 1,403,961 Total OPEB liability - beginning 68,715,793 71,661,000 74,561,343 76,438,667 79,199,184 78,753,409 82,272,320 74,526,222 Total OPEB liability - ending (a) 71,661,000$ 74,561,343$ 76,438,667$ 79,199,184$ 78,753,409$ 82,272,320$ 74,526,222$ 75,930,183$ Plan fiduciary net position
Contributions - employer 5,747,533$ 5,324,000$ 5,380,000$ 4,900,000$ 5,163,000$ 5,035,080$ 4,720,518$ 4,406,083$ Net investment income 2,128,521 2,012,498 1,855,034 805,844 10,050,944 (5,719,634) 4,064,254 5,281,596 Benefit payments, including refunds (2,839,793) (3,109,307) (3,383,525) (3,363,911) (3,452,661) (3,748,080) (3,838,518) (4,406,083) Administrative expense (86,886) (102,288) (111,259) (121,024) (141,453) (78,844) (73,449) (79,613) 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) 4,872,805 5,201,983 Plan fiduciary net position - beginning 17,215,192 22,164,567 26,289,470 30,029,720 32,250,629 43,870,459 39,358,981 44,231,786 Plan fiduciary net position - ending (b) 22,164,567$ 26,289,470$ 30,029,720$ 32,250,629$ 43,870,459$ 39,358,981$ 44,231,786$ 49,433,769$ 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$ 30,294,436$ 26,496,414$ Plan fiduciary net position as a percentage of the
total pension liability 30.9% 35.3% 39.3% 40.7% 55.7% 47.8% 59.4 65.1% Covered payroll 1 29,345,533$ 29,169,986$ 28,506,581$ 26,656,102$ 26,508,421$ 23,571,067$ 20,357,510$ 17,905,295$ City's net OPEB liability as a percentage of covered payroll 168.7% 102.3% 162.8% 176.1% 131.6% 182.1% 148.8% 148.0% 1 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:
- 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-2021

SCHEDULE OF CHANGES IN THE CITY'S NET OPEB LIABILITY AND RELATED RATIOS Last 10 Fiscal Years

EXHIBIT A
268
See Notes to Required Supplementary Information 100
City of Livermore
Other Post-Employment Benefits Schedule of Contributions 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 2018 5,060,000$ (5,747,533)$ (687,533)$ 29,345,533$ 19.59% 2019 5,082,000 (5,324,000) (242,000) 29,169,986 18.25% 2020 4,900,000 (5,380,000) (480,000) 28,506,581 18.87% 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%
2023 4,718,000 (4,720,518) (2,518) 23,052,445 20.48%
2024 3,635,000 (4,406,083) (771,083) 20,357,510 21.64%
2025 3,670,000 (4,305,655) (635,655) 17,905,295 24.05%
June 30, 2024
Entry age, level percentage of payroll
Level percentage of payroll
14-year fixed period for 2023-24
Investment gains and losses spread over 5-year rolling period

2.50%
Healthcare cost trend rates Non-medicare - 7.90% for 2026, scaling down to 3.45% in 2076 Medicare (Non-Kaiser) - 6.90% for 2026 scaling down to 3.45% in 2076 Medicare (Kaiser) - 5.65% for 2026 scaling down to 3.45% 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. 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 CalPERS 2000-2019 Experience Study
Salary increases

SCHEDULE OF CONTRIBUTIONS

OTHER POST EMPLOYEMENT BENEFITS
Last 10 Fiscal Years 1
Notes to Schedule
Valuation date:

Methods and assumptions used to
Actuarial cost method
Amortization method
Remaining amortization period
Asset valuation method
Inflation

EXHIBIT A
269
Supplementary Information
June 30, 2025
City of Livermore

EXHIBIT A
270
This Page Intentionally Left Blank

EXHIBIT A
271
101
City of Livermore
Non-Major Governmental Funds
June 30, 2025
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
272
102
City of Livermore
Non-Major Governmental Funds
June 30, 2025
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.
2022 COPS
2022 COPS were issued to provide financing for the design and construction of a parking garage to provide adequate parking for all existing and new development and other improvements of the City.

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.
2022 COPS Construction Capital Fund
Established to account for the receipt and disbursement of the design and construction of a parking garage to provide adequate parking for all existing and new development and other improvements of the City.

EXHIBIT A
273
103
City of Livermore
Non-Major Governmental Funds
June 30, 2025
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.

EXHIBIT A
274
104
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2025
Housing Housing & Solid
Successor Community Waste Maintenance City Street
Agency Assistance Horizons Management District Sweeping ASSETS
Cash and investments in City Treasury 1,940,367$ 1,499,573$ 689,986$ 350,572$ 16,295,300$ 501,107$ Cash and investments with Trustees - - - - - -
Accounts receivables, net - - 248,886 - 13,220 548 Interest receivable 3,038,175 59,633 - - - -
Notes receivable 6,998,623 402,370 - - - - Total Assets 11,977,165$ 1,961,576$ 938,872$ 350,572$ 16,308,520$ 501,655$

LIABILITIES
Accounts payable and other accruals -$ -$ 114$ -$ 372,693$ 1,051 Deposits payable - - - - - -
Advances from other funds - - - - - -
Unearned rents and revenue - - - - - -
Total Liabilities - - 114 - 372,693 1,051

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 3,038,175 59,633 - - - -
Total deferred inflows of resources 3,038,175 59,633 - - - -

FUND BALANCE
Restricted 8,938,990 1,901,943 938,758 350,572 15,935,827 500,604 Total Fund Balances (Deficits) 8,938,990 1,901,943 938,758 350,572 15,935,827 500,604 Total Liabilities, deferred inflows of
resources, and fund balances (deficits) 11,977,165$ 1,961,576$ 938,872$ 350,572$ 16,308,520$ 501,655$

SPECIAL REVENUE FUND

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
June 30, 2025

EXHIBIT A
275
105
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2025
Alameda
Other County Host Other
Park Special Revenue Transportation Community Impact TVTC 20% Fee Funds PEG Funds Gas Tax Impact Fee Fee Fee
11,904,455$ 8,230,750$ 1,807,193$ 13,570,018$ 15,121,023$ 1,369,591$ 5,270,878$ 4,501,188$ - - - - - - - -
- 11,994 - - - - - -
- - - - - - - -
- 48,251 - - - - - -
11,904,455$ 8,290,995$ 1,807,193$ 13,570,018$ 15,121,023$ 1,369,591$ 5,270,878$ 4,501,188$

LIABILITIES
71,289$ 35,658$ -$ 410,235$ 905,533$ 52,336$ 3,116$ -$ - 700,939 - - - - - -
- - - - - - 3,517,069 -
- 106,727 - - - - - -
71,289 843,324 - 410,235 905,533 52,336 3,520,185 -
- - - - - - - -
- - - - - - - -
11,833,166 7,447,671 1,807,193 13,159,783 14,215,490 1,317,255 1,750,693 4,501,188 11,833,166 7,447,671 1,807,193 13,159,783 14,215,490 1,317,255 1,750,693 4,501,188 11,904,455$ 8,290,995$ 1,807,193$ 13,570,018$ 15,121,023$ 1,369,591$ 5,270,878$ 4,501,188$ (Continued)

SPECIAL REVENUE FUND

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
June 30, 2025

EXHIBIT A
276
106
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2025

SPECIAL REVENUE
FUND

CAPITAL PROJECT
FUNDS
Other
Local, State Traffic
and Federal Impact
. Grants 2020 COPS 2022 COPS Fee
ASSETS
Cash and investments in City Treasury 9,295,822$ -$ -$ 32,056,010$ Cash and investments with Trustees - - - -
Accounts receivables, net 117,707 - - -
Interest receivable 463,352 - - -
Notes receivable 1,685,536 - - -
Total Assets 11,562,417$ -$ -$ 32,056,010$

LIABILITIES
Accounts payable and other accruals 281,696$ -$ -$ 141,872$ Deposits payable - - - -
Advances from other funds - - - -
Unearned rents and revenue - - - -
Total Liabilities 281,696 - - 141,872

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 463,352 - - -
Total deferred inflows of resources 463,352 - - -

FUND BALANCE
Restricted 10,817,369 - - 31,914,138
10,817,369 - - 31,914,138
Total Liabilities, deferred inflows of
resources, and fund balances (deficits) 11,562,417$ -$ -$ 32,056,010$

DEBT SERVICE FUND

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
June 30, 2025

EXHIBIT A
277
107
City of Livermore
Non-Major Governmental Funds – Combining Balance Sheet
June 30, 2025
Total
2022 COPS Other Nonmajor
Construction Capital Developer Capital Governmental
Projects Fund Deposits Projects Funds
(1,102,550)$ 3,206,858$ 27,079,236$ 153,587,377$ 10,645,050 - - 10,645,050
522,873 - - 915,228
- - - 3,561,160
- - - 9,134,780
10,065,373$ 3,206,858$ 27,079,236$ 177,843,595$ 2,696,904$ 15,116$ 1,464,396$ 6,452,009$
159,389 1,280,208 - 2,140,536
- - - 3,517,069
- 1,911,534 - 2,018,261
2,856,293 3,206,858 1,464,396 14,127,875 - - - 3,561,160
- - - 3,561,160
7,209,080 - 25,614,840 160,154,560
7,209,080 - 25,614,840 160,154,560
10,065,373$ 3,206,858$ 27,079,236$ 177,843,595$

CAPITAL PROJECTS FUNDS

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
June 30, 2025

EXHIBIT A
278
108
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2025
Housing Housing & Solid
Successor Community Waste Maintenance City Street
Agency Assistance Horizons Management District Sweeping

REVENUES
Taxes and special assessments -$ -$ -$ -$ 4,808,048$ -$ Intergovernmental - - - 239,563 - -
Contributions from outside sources - - - - - -
Charges for services - - 875,938 334,055 - 739,161 Use of money and property 92,832 4,650 - 12,300 - 9,531 Miscellaneous - - - - - -
Total Revenues 92,832 4,650 875,938 585,918 4,808,048 748,692

EXPENDITURES
Current:

Fire - - - - - -
Police - - 1,028,155 - - -
Public Works - - - 518,193 4,474,643 537,577 Community Development 65 2,457 - - - -
Economic Development - - - - - -
Library - - - - - -
Capital Outlay:

Capital projects - - - - - -
Debt service:

Principal retirement - - - - - -
Interest and fiscal charges - - - - - -
Total Expenditures 65 2,457 1,028,155 518,193 4,474,643 537,577

EXCESS (DEFICIENCW) OF REVENUES
OVER EXPENDITURES 92,767 2,193 (152,217) 67,725 333,405 211,115

OTHER FINANCING SOURCES (USES)
Transfers in - - 470,000 - 336,009 -
Transfers (out) - - - - (312,432) -
Total Other Financing Sources (Uses) - - 470,000 - 23,577 - Net change in fund balances 92,767 2,193 317,783 67,725 356,982 211,115 Fund balances (deficits)- beginning, as restated 8,846,223 1,899,750 620,975 282,847 15,578,845 289,489 Fund balances (deficits)- ending 8,938,990$ 1,901,943$ 938,758$ 350,572$ 15,935,827$ 500,604$

SPECIAL REVENUE FUNDS

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
279
109
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2025
Alameda
Other County Host Other
Park Special Revenue Transportation Community Impact TVTC Fee Funds PEG Funds Gas Tax Impact Fee Fee 20% Fee
-$ 370,202$ -$ -$ -$ -$ -$ -$
- 2,764,000 - 3,342,189 4,809,166 - - - - 2,192,554 - - - 535,941 - -
7,520,197 947,444 205,543 - - - 2,088,986 1,155,564 386,115 192,054 - 640,678 805,448 26,700 135,924 215,400 - 625,000 - - - - 45,370 -
7,906,312 7,091,254 205,543 3,982,867 5,614,614 562,641 2,270,280 1,370,964 - - - - - - - -
- (29,112) - - - - - -
- - - - - 85,024 - -
5,782 34,059 - 138,411 86,697 - 44,871 -
- 9,175 - - - - - -
- 118,132 - - - - - -
663,566 5,643,645 - 3,059,710 6,156,995 - 20,645 - - - - - - - - -
- - - - - - - -
669,348 5,775,899 - 3,198,121 6,243,692 85,024 65,516 - 7,236,964 1,315,355 205,543 784,746 (629,078) 477,617 2,204,764 1,370,964 - - - - - - - -
- (18,750) - - (120,813) (528,800) - -
- (18,750) - - (120,813) (528,800) - - 7,236,964 1,296,605 205,543 784,746 (749,891) (51,183) 2,204,764 1,370,964 4,596,202 6,151,066 1,601,650 12,375,037 14,965,381 1,368,438 (454,071) 3,130,224 11,833,166$ 7,447,671$ 1,807,193$ 13,159,783$ 14,215,490$ 1,317,255$ 1,750,693$ 4,501,188$ (Continued)

SPECIAL REVENUE FUNDS

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
280
110
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2025

SPECIAL REVENUE
FUND
Other
Local, State Traffic
and Federal Impact
Grants 2020 COPS 2022 COPS Fee

REVENUES
Taxes and special assessments -$ -$ -$ -$
Intergovernmental 7,707,576 - - -
Contributions from outside sources 5,836 - - -
Charges for services - - - 6,776,874
Use of money and property 60,794 - - 1,643,128
Miscellaneous 305,638 - - -
Total Revenues 8,079,844 - - 8,420,002

EXPENDITURES
Current:

Fire 5,029 - - -
Police 316,309 - - -
Public works - - - -
Community Development 1,330,211 - - 78,203
Economic Development - - - -
Library 46,225 - - -
Capital Outlay:

Capital projects - - - 640,239
Debt service:

Principal retirement 90,758 3,086,794 695,000 -
Interest and fiscal charges 10,879 1,317,468 1,882,800 - Total Expenditures 1,799,411 4,404,262 2,577,800 718,442

EXCESS (DEFICIENCW) OF REVENUES
OVER EXPENDITURES 6,280,433 (4,404,262) (2,577,800) 7,701,560

OTHER FINANCING SOURCES (USES)
Transfers in - 4,404,262 2,577,798 -
Transfers (out) (7,522) - - (66,618)
Total Other Financing Sources (Uses) (7,522) 4,404,262 2,577,798 (66,618) Net change in fund balances 6,272,911 - (2) 7,634,942
Fund balances (deficits)- beginning, as restated 4,544,458 - 2 24,279,196 Fund balances (deficits)- ending 10,817,369$ -$ -$ 31,914,138$

DEBT SERVICE FUNDS

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
281
111
City of Livermore
Combining Statements of Revenues, Expenditures and Changes in Fund Balances – Non-Major Governmental Funds Year Ended June 30, 2025
Total
2022 COPS Other Nonmajor
Construction Capital Developer Capital Governmental
Projects Fund Deposits Projects Funds
-$ -$ -$ 5,178,250$
522,872 - 5,902,187 25,287,553
- - - 2,734,331
- - - 20,643,762
790,768 - - 5,016,322
- - 3,017,001 3,993,009
1,313,640 - 8,919,188 62,853,227
- - - 5,029
- - - 1,315,352
6,471,924 - - 12,087,361
- - - 1,720,756
- - - 9,175
- - - 164,357
7,307,932 - 2,586,983 26,079,715
- - - 3,872,552
- - - 3,211,147
13,779,856 - 2,586,983 48,465,444
(12,466,216) - 6,332,205 14,387,783
- - - 7,788,069
- - - (1,054,935)
- - - 6,733,134
(12,466,216) - 6,332,205 21,120,917
19,675,296 - 19,282,635 139,033,643
7,209,080$ -$ 25,614,840$ 160,154,560$

CAPITAL PROJECTS FUNDS

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
282
112
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

HOUSING SUCCESSOR
Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)

REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$
Other taxes - - - - - -
Intergovernmental - - - - - -
Contributions from outside sources - - - - - -
Charges for services - - - - - -
Use of money and property 21,790 92,832 71,042 61,000 4,650 (56,350) Miscellaneous - - - - - -
Total Revenues 21,790 92,832 71,042 61,000 4,650 (56,350)

EXPENDITURES
Current:

General Government:

City Manager - - - - - -
Fire - - - - - -
Police - - - - - -
Public works - - - - - -
Community Development 715 65 650 66,832 2,457 64,375 Economic Development - - - - - -
Library - - - - - -
Capital Outlay:

Capital projects - - - - - -
Debt service:

Principal - - - - - -
Interest and fiscal charges - - - - - -
Total Expenditures 715 65 650 66,832 2,457 64,375

EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 21,075 92,767 71,692 (5,832) 2,193 8,025

OTHER FINANCING SOURCES (USES)
Transfers in - - - - - -
Transfers out - - - - - -
Total Other Financing Sources (Uses) - - - - - -
Net change in fund balance 21,075$ 92,767 71,692$ (5,832)$ 2,193 8,025$ Fund balances (deficits)- beginning, as restated 8,846,223 1,899,750 Fund balances (deficits)- ending 8,938,990$ 1,901,943$

HOUSING & COMMUNITY ASSISTANCE

BUDGETED NON-MAJOR FUNDS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT A
283
113
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

HORIZONS SOLID WASTE MANAGEMENT MAINTENANCE DISTRICT
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ 4,831,422$ 4,808,048$ (23,374)$ - - - - - - - - -
- - - 302,356 239,563 (62,793) - - - 138,500 - (138,500) - - - - - -
700,000 875,938 175,938 273,054 334,055 61,001 - - - - - - 2,665 12,300 9,635 182,029 - (182,029) - - - - - - - - -
838,500 875,938 37,438 578,075 585,918 7,843 5,013,451 4,808,048 (205,403) - - - - - - - - -
- - - - - - - - -
1,241,840 1,028,155 213,685 - - - - - - - - - 739,209 518,193 221,016 4,773,772 4,474,643 299,129 - - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
1,241,840 1,028,155 213,685 739,209 518,193 221,016 4,773,772 4,474,643 299,129 (403,340) (152,217) 251,123 (161,134) 67,725 228,859 239,679 333,405 93,726 470,000 470,000 - - - - 210,000 336,009 126,009 - - - - - - (270,000) (312,432) (42,432) 470,000 470,000 - - - - (60,000) 23,577 83,577 66,660$ 317,783 251,123$ (161,134)$ 67,725 228,859$ 179,679$ 356,982 177,303$ 620,975 282,847 15,578,845
938,758$ 350,572$ 15,935,827$
(Continued)

EXHIBIT A
284
114
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

CITY STREET SWEEPING PARK FEE OTHER SPECIAL REVENUE FUNDS Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)

REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$
Other taxes - - - - - -
Intergovernmental - - - - - -
Contributions from outside sources - - - - - -
Charges for services 763,350 739,161 (24,189) 6,500,000 7,520,197 1,020,197 Use of money and property - 9,531 9,531 53,195 386,115 332,920 Miscellaneous - - - - - -
Total Revenues 763,350 748,692 (14,658) 6,553,195 7,906,312 1,353,117

EXPENDITURES
Current:

General Government:

City Manager - - - - - -
Fire - - - - - -
Police - - - - - -
Public works 537,577 537,577 - - - -
Community Development - - - 25,278 5,782 19,496 Economic Development - - - - - -
Library - - - - - -
Capital Outlay:

Capital projects - - - 3,630,357 663,566 2,966,791 Debt service:

Principal - - - - - -
Interest and fiscal charges - - - - - -
Total Expenditures 537,577 537,577 - 3,655,635 669,348 2,986,287

EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 225,773 211,115 (14,658) 2,897,560 7,236,964 4,339,404

OTHER FINANCING SOURCES (USES)
Transfers in - - - - - -
Transfers out - - - - - -
Total Other Financing Sources (Uses) - - - - - -
Net change in fund balance 225,773$ 211,115 (14,658)$ 2,897,560$ 7,236,964 4,339,404$ Fund balances (deficits)- beginning, as restated 289,489 4,596,202 Fund balances (deficits)- ending 500,604$ 11,833,166$

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL

BUDGETED NON-MAJOR FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT A
285
115
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

OTHER SPECIAL REVENUE FUNDS

ALAMEDA COUNTY

TRANSPORTATION FUNDS
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) 165,000$ 370,202$ 205,202$ -$ -$ -$ -$ -$ -$ - - - - - - - - -
2,764,000 2,764,000 - - - - 3,322,170 3,342,189 20,019 2,265,000 2,192,554 (72,446) - - - - - - - 947,444 947,444 250,000 205,543 (44,457) - - - 57,465 192,054 134,589 - - - 81,746 640,678 558,932 - 625,000 625,000 - - - - - -
5,251,465 7,091,254 1,839,789 250,000 205,543 (44,457) 3,403,916 3,982,867 578,951 - - - 51,102 - 51,102 - - -
- - - - - - - - -
9,012 (29,112) 38,124 - - - - - - - - - - - - 146,276 - 146,276
35,808 34,059 1,749 - - - 225,400 138,411 86,989 171,760 9,175 162,585 - - - - - -
124,410 118,132 6,278 - - - - - -
5,932,201 5,643,645 288,556 - - - 7,692,269 3,059,710 4,632,559 - - - - - - - - -
- - - - - - - - -
6,273,191 5,775,899 497,292 51,102 - 51,102 8,063,945 3,198,121 4,865,824 (1,021,726) 1,315,355 2,337,081 198,898 205,543 6,645 (4,660,029) 784,746 5,444,775 - - - - - - - - -
(5,500) (18,750) (13,250) - - - - - - (5,500) (18,750) (13,250) - - - - - - (1,027,226)$ 1,296,605 2,323,831$ 198,898$ 205,543 6,645$ (4,660,029)$ 784,746 5,444,775$ 6,151,066 1,601,650 12,375,037
7,447,671$ 1,807,193$ 13,159,783$
Continued
PEG

EXHIBIT A
286
116
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

GAS TAX HOST COMMUNITY IMPACT FEE OTHER IMPACT FEE
Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)

REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$
Other taxes - - - - - -
Intergovernmental 5,001,821 4,809,166 (192,655) - - - Contributions from outside sources - - - 520,000 535,941 15,941 Charges for services - - - - - -
Use of money and property 181,740 805,448 623,708 - 26,700 26,700 Miscellaneous - - - - - -
Total Revenues 5,183,561 5,614,614 431,053 520,000 562,641 42,641

EXPENDITURES
Current:

General Government:

City Manager - - - - - -
Fire - - - - - -
Police - - - - - -
Public works - - - 63,823 85,024 (21,201) Community Development 252,000 86,697 165,303 - - - Economic Development - - - - - -
Library - - - - - -
Capital Outlay:

Capital projects 9,988,550 6,156,995 3,831,555 - - - Debt service:

Principal - - - - - -
Interest and fiscal charges - - - - - -
Total Expenditures 10,240,550 6,243,692 3,996,858 63,823 85,024 (21,201)

EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (5,056,989) (629,078) 4,427,911 456,177 477,617 21,440

OTHER FINANCING SOURCES (USES)
Transfers in - - - - - -
Transfers out (130,000) (120,813) 9,187 (550,000) (528,800) 21,200 Total Other Financing Sources (Uses) (130,000) (120,813) 9,187 (550,000) (528,800) 21,200 Net change in fund balance (5,186,989)$ (749,891) 4,437,098$ (93,823)$ (51,183) 42,640$ Fund balances (deficits)- beginning, as restated 14,965,381 1,368,438 Fund balances (deficits)- ending 14,215,490$ 1,317,255$

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2025

BUDGETED NON-MAJOR FUNDS

BUDGET AND ACTUAL

EXHIBIT A
287
117
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025
OTHER IMPACT FEE TVTC 20% FEE
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budget Actual (Negative) Budget Actual (Negative) -$ -$ -$ -$ -$ -$ -$ -$ -$
- - - - - - - - -
- - - - - - 4,879,438 7,707,576 2,828,138
- - - - - - - 5,836 5,836
1,934,883 2,088,986 154,103 5,139,000 1,155,564 (3,983,436) 30,000 - (30,000) - 135,924 135,924 46,644 215,400 168,756 21,574 60,794 39,220 - 45,370 45,370 - - - 298,500 305,638 7,138 1,934,883 2,270,280 335,397 5,185,644 1,370,964 (3,814,680) 5,229,512 8,079,844 2,850,332 - - - - - - - - -
- - - - - - 24,200 5,029 19,171
- - - - - - 357,833 316,309 41,524
- - - - - - 22,000 - 22,000
- 44,871 (44,871) - - - 2,497,816 1,330,211 1,167,605 - - - - - - - - -
- - - - - - 135,375 46,225 89,150
80,000 20,645 59,355 - - - 130,000 - 130,000 - - - - - - 90,759 90,758 1
- - - - - - 22,517 10,879 11,638
80,000 65,516 14,484 - - - 3,280,500 1,799,411 1,481,089 1,854,883 2,204,764 349,881 5,185,644 1,370,964 (3,814,680) 1,949,012 6,280,433 4,331,421 - - - - - - - - -
(400,000) - 400,000 - - - (33,706) (7,522) 26,184 (400,000) - 400,000 - - - (33,706) (7,522) 26,184 1,454,883$ 2,204,764 749,881$ 5,185,644$ 1,370,964 (3,814,680)$ 1,915,306$ 6,272,911 4,357,605$ (454,071) 3,130,224 4,544,458
1,750,693$ 4,501,188$ 10,817,369$

OTHER LOCAL, STATE, AND FEDERAL GRANTS

EXHIBIT A
288
118
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025
2020 COP DEBT SERVICE 2022 COP DEBT SERVICE TRAFFIC IMPACT FEE Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)

REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$
Other taxes - - - - - -
Intergovernmental - - - - - -
Contributions from outside sources - - - - - -
Charges for services - - - - - -
Use of money and property - - - - - -
Miscellaneous - - - - - -
Total Revenues - - - - - -

EXPENDITURES
Current:

General Government:

City Manager - - - - - -
Fire - - - - - -
Police - - - - - -
Public works - - - - - -
Community Development - - - - - -
Economic Development - - - - - -
Library - - - - - -
Capital Outlay:

Capital projects - - - - - -
Debt service:

Principal 3,086,794 3,086,794 - 695,000 695,000 - Interest and fiscal charges 1,348,206 1,317,468 30,738 1,895,000 1,882,800 12,200 Total Expenditures 4,435,000 4,404,262 30,738 2,590,000 2,577,800 12,200

EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES (4,435,000) (4,404,262) 30,738 (2,590,000) (2,577,800) 12,200

OTHER FINANCING SOURCES (USES)
Transfers in 4,435,000 4,404,262 (30,738) 2,590,000 2,577,798 (12,202) Transfers out - - - - - -
Total Other Financing Sources (Uses) 4,435,000 4,404,262 (30,738) 2,590,000 2,577,798 (12,202) Net change in fund balance -$ - -$ -$ (2) (2)$ Fund balances (deficits)- beginning, as restated - 2
Fund balances (deficits)- ending -$ -$

BUDGETED NON-MAJOR FUNDS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT A
289

119
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

TRAFFIC IMPACT FEE
Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)
-$ -$ -$ -$ -$ -$ - - - - - - - - - - - - - - - - - - 900,000 6,776,874 5,876,874 - - - 333,252 1,643,128 1,309,876 4,015 - (4,015) - - - - - - 1,233,252 8,420,002 7,186,750 4,015 - (4,015) - - - - - - - - - - - - - - - - - - - - - - - - 241,332 78,203 163,129 - - - - - - - - - - - - - - - 3,731,000 640,239 3,090,761 - - - - - - - - - - - - - - - 3,972,332 718,442 3,253,890 - - - (2,739,080) 7,701,560 10,440,640 4,015 - (4,015) - - - - - - (75,000) (66,618) 8,382 - - - (75,000) (66,618) 8,382 - - - (2,814,080)$ 7,634,942 10,449,022$ 4,015$ - (4,015)$ 24,279,196 -
31,914,138$ -$

DEVELOPER DEPOSITS

BUDGETED NON-MAJOR FUNDS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT A
290

120
City of Livermore
Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – Budgeted Non-Major Funds Year Ended June 30, 2025

Variance Variance
Positive Positive
Budget Actual (Negative) Budget Actual (Negative)

REVENUES
Taxes and special assessments -$ -$ -$ -$ -$ -$ Other taxes - - - - 522,872 522,872 Intergovernmental 12,900,700 5,902,187 (6,998,513) - - - Contributions from outside sources - - - - - - Charges for services - - - - - - Use of money and property - - - 300,000 790,768 490,768 Miscellaneous 7,055,955 3,017,001 (4,038,954) - - - Total Revenues 19,956,655 8,919,188 (11,037,467) 300,000 1,313,640 1,013,640

EXPENDITURES
Current:

General Government:

City Manager - - - - - - Fire - - - - - - Police - - - - - - Public works - - - 6,471,924 6,471,924 - Community Development - - - - - - Economic Development - - - - - - Library - - - - - - Capital Outlay:

Capital projects 12,570,700 2,586,983 9,983,717 15,357,159 7,307,932 8,049,227 Debt service:

Principal - - - - - - Interest and fiscal charges - - - - - - Total Expenditures 12,570,700 2,586,983 9,983,717 21,829,083 13,779,856 8,049,227

EXCESS (DEFICIENCY) OF REVENUE
OVER EXPENDITURES 7,385,955 6,332,205 (1,053,750) (21,529,083) (12,466,216) 9,062,867

OTHER FINANCING SOURCES (USES)
Transfers in - - - - - - Transfers out - - - - - - Total Other Financing Sources (Uses) - - - - - - Net change in fund balance 7,385,955$ 6,332,205 (1,053,750)$ (21,529,083)$ (12,466,216) 9,062,867$ Fund balances (deficits)- beginning, as restated 19,282,635 19,675,296 Fund balances (deficits)- ending 25,614,840$ 7,209,080$ 2022 COP CONSTRUCTION CAPITAL

PROJECTS FUNDOTHER CAPITAL PROJECTS

BUDGETED NON-MAJOR FUNDS

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT A
291

121
City of Livermore
Internal Services Funds
June 30, 2025

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.

Information Technology
Established to account for the maintenance and acquisition of the City’s software and hardware.

Fleet and Equipment Services
Established to account for the maintenance and acquisition of the City’s fleet and small equipment.

Facilities Rehabilitation Projects
Established to account for the repair and maintenance of city facilities.

EXHIBIT A
292
This Page Intentionally Left Blank

EXHIBIT A
293
122
City of Livermore
Combining Statements of Net Position – Internal Service Funds Year Ended June 30, 2025
Liability Fleet and Facilities
Insurance Workers Information Equipment Rehabilitation
Reserve Compensation Technology Services Projects Total ASSETS
Current Assets:

Cash and investments in City Treasury 6,798,151$ 6,920,888$ 2,678,661$ 8,394,855$ 7,262,396$ 32,054,951$ Accounts receivable, net - - - 62,020 92,713 154,733
Inventory - - - 528,821 - 528,821
Prepaids, deposits and supplies - - 227,650 - - 227,650 Total current assets 6,798,151 6,920,888 2,906,311 8,985,696 7,355,109 32,966,155 Noncurrent Assets:

Land and construction in progress - - - 99 68,945 69,044 Depreciable capital assets (net of depreciation) - - 122,065 9,441,831 12,425,497 21,989,393 Subscription assets (net of amortization) - - 138,799 - - 138,799 Total noncurrent assets - - 260,864 9,441,930 12,494,442 22,197,236 Total Assets 6,798,151 6,920,888 3,167,175 18,427,626 19,849,551 55,163,391

DEFERRED OUTFLOWS OF RESOURCES
Related to pension 130,770 108,103 787,685 301,815 274,686 1,603,059 Related to OPEB 24,020 7,988 86,478 72,084 25,971 216,541 Total deferred outflows of resources 154,790 116,091 874,163 373,899 300,657 1,819,600

LIABILITIES
Current Liabilities:

Accounts payable and other accruals 85,084 14,247 75,967 723,103 142,633 1,041,034 Interest payable - - 1,847 - - 1,847
Claims payable 1,667,138 1,268,975 - - - 2,936,113 Long-term debt:

Due within one year - - - - 989,284 989,284
Total current liabilities 1,752,222 1,283,222 77,814 723,103 1,131,917 4,968,278 Noncurrent Liabilities:

Claims payable 2,603,670 4,192,858 - - - 6,796,528 Subscription liability - - 81,183 - - 81,183
Net Pension liability 672,029 555,541 4,047,926 1,551,030 1,411,615 8,238,141 Net OPEB liabilities 121,695 40,472 438,133 365,204 131,580 1,097,084 Long-term debt:

Due in more than one year - - - - 2,587,755 2,587,755 Total noncurrent liabilities 3,397,394 4,788,871 4,567,242 1,916,234 4,130,950 18,800,691 Total liabilities 5,149,616 6,072,093 4,645,056 2,639,337 5,262,867 23,768,969

DEFERRED INFLOWS OF RESOURCES
Related to OPEB 10,895 3,623 39,224 32,695 11,780 98,217 Total deferred inflows of resources 10,895 3,623 39,224 32,695 11,780 98,217

NET POSITION
Net Investment in Capital Assets - - 260,864 9,441,930 8,917,403 18,620,197 Unrestricted 1,792,430 961,263 (903,806) 6,687,563 5,958,158 14,495,608 Total Net Position 1,792,430$ 961,263$ (642,942)$ 16,129,493$ 14,875,561$ 33,115,805$

INTERNAL SERVICE FUNDS

COMBINING STATEMENT OF NET POSITION
JUNE 30, 2025

EXHIBIT A
294
123
City of Livermore
Combining Statements of Revenues, Expenses and Changes in Net Position Year Ended June 30, 2025
Liability
Insurance Workers Information
Reserve Compensation Technology

OPERATING REVENUES
Charges for services 5,265,889$ 2,385,971$ 6,970,080$ Miscellaneous 113 -
Total Operating Revenues 5,266,002 2,385,971 6,970,080

OPERATING EXPENSES
Salaries and benefits 515,299 366,535 3,002,811
Contracted services 1,299,471 198,553 3,152,933
Insurance premiums and claim expenses 3,457,066 1,325,401 241,777 Materials, supplies and others 51,902 69,601 72,193
Utilities - - 237,169
Depreciation and amortization - - 244,981
Repairs and maintenance 5,808 3,060 491,711
Total Operating Expenses 5,329,546 1,963,150 7,443,575
Operating Income (Loss) (63,544) 422,821 (473,495)

NONOPERATING REVENUE (EXPENSES)
Interest and fiscal charges (expense) - - (3,684)
Gain (loss) on disposal of property - - -
Net Nonoperating Revenues (Expenses) - - (3,684)
Income (Loss) Before Transfers (63,544) 422,821 (477,179) Transfers in 1,500,000 3,500,000 600,000
Transfers (out) - - -
Change in Net Position 1,436,456 3,922,821 122,821
Net position (deficit)-beginning, as previously reported 355,974 (2,961,558) (765,763) Net position-ending 1,792,430$ 961,263$ (642,942)$

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
295
124
City of Livermore
Combining Statements of Revenues, Expenses and Changes in Net Position Year Ended June 30, 2025
Fleet and Facilities
Equipment Rehabilitation
Services Projects Total
5,553,324$ 2,000,000$ 22,175,264$
- 144,553 144,666
5,553,324 2,144,553 22,319,930
944,318 1,040,757 5,869,720
79,766 38,604 4,769,327
244,560 93,726 5,362,530
815,302 51,742 1,060,740
- 981,806 1,218,975
1,605,654 492,019 2,342,654
979,199 694,736 2,174,514
4,668,799 3,393,390 22,798,460
884,525 (1,248,837) (478,530)
- (105,730) (109,414)
124,423 - 124,423
124,423 (105,730) 15,009
1,008,948 (1,354,567) (463,521)
1,175,740 4,318,782 11,094,522
- - -
2,184,688 2,964,215 10,631,001
13,944,805 11,911,346 22,484,804
16,129,493$ 14,875,561$ 33,115,805$

EXHIBIT A
296
125
City of Livermore
Combining Statements of Cash Flow
Year Ended June 30, 2025
Liability Fleet and Facilities
Insurance Workers Information Equipment Rehabilitation
Reserve Compensation Technology Services Projects Total

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 5,265,889$ 2,385,971$ 6,970,080$ 5,744,715$ 1,995,963$ 22,362,618$ Payments to suppliers (1,929,402) (814,898) (4,083,692) (1,272,827) (2,030,508) (10,131,327) Payments to or on behalf of employees (502,617) (343,230) (2,962,192) (1,209,401) (921,556) (5,938,996) Claims paid (3,625,637) (1,251,451) (241,777) (244,560) (93,726) (5,457,151) Receipts from other sources 113 - - - 144,553 144,666 Net cash provided (used) by operating activities (791,654) (23,608) (317,581) 3,017,927 (905,274) 979,810

CASH FLOWS FROM NON CAPITAL

FINANCING ACTIVITIES
Transfers in 1,500,000 3,500,000 600,000 1,175,740 4,318,782 11,094,522 Transfers out - - - - - -
Cash Flow from (used by) Non Capital Financing Activities1,500,000 3,500,000 600,000 1,175,740 4,318,782 11,094,522

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Capital asset purchase - - - (3,780,260) (185,021) (3,965,281) Proceeds from sale of capital assets - - - 124,423 - 124,423 Long term Debt
Repayments - - - - (921,084) (921,084)
Interest paid - - (5,803) - (105,730) (111,533)
Cash Flows (used for) Capital and Related
Financing Activities - - (5,803) (3,655,837) (1,211,835) (4,873,475) Net Cash Flows 708,346 3,476,392 276,616 537,830 2,201,673 7,200,857 Cash and investments at beginning of period 6,089,805 3,444,496 2,402,045 7,857,025 5,060,723 24,854,094 Cash and Investment at end of period 6,798,151$ 6,920,888$ 2,678,661$ 8,394,855$ 7,262,396$ 32,054,951$ Reconciliation of operating income (loss) to net cash
provided by operating activities:

Operating income (63,544)$ 422,821$ (473,495)$ 884,525$ (1,248,837)$ (478,530)$ Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation - - 244,981 1,605,654 492,019 2,342,654 Change in assets and liabilities:

Accounts receivable - - - 191,391 (4,037) 187,354 Inventories - - - (38,878) - (38,878)
Prepaids, deposits and supplies - - 69,772 - (160,453) (90,681) Pension and OPEB Expense 27,284 34,192 298,232 (229,426) 147,272 277,554 Accounts payable and accrued liabilities (572,221) (543,684) (199,458) 640,318 (103,167) (778,212) Accrued payroll (14,602) (10,887) (83,743) (35,657) (28,071) (172,960) Subscription liability - - (173,870) - - (173,870) Claims payable (168,571) 73,950 - - - (94,621) Net cash provided (used) by operating activities (791,654)$ (23,608)$ (317,581)$ 3,017,927$ (905,274)$ 979,810$

INTERNAL SERVICE FUNDS

COMBINING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2025

EXHIBIT A
297
126
City of Livermore
Custodial Funds
June 30, 2025
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
298
127
City of Livermore
Combining Statement of Fiduciary Net Position – Custodial Funds Year Ended June 30, 2025
Passthrough LPFD JPA
Funds JPA Total
ASSETS
Cash and investments in City Treasury (Note 3B) 15,204,144$ 6,834,258$ 22,038,402$ Cash and investments with Trustees (Note 3B) 2,445,992 - 2,445,992 Accounts receivable 34,766 1,109 35,875
Total Assets 17,684,902 6,835,367 24,520,269

LIABILITIES
Accrued liabilities 6,010,645 3,957,988 9,968,633
Deposits payable 3,812,566 - 3,812,566
Total Liabilities 9,823,211 3,957,988 13,781,199

NET POSITION
Held in trust, restricted 7,861,691$ 2,877,379$ 10,739,070$

CUSTODIAL FUNDS

COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2025

EXHIBIT A
299

128
City of Livermore
Combining Statement of Changes in Fiduciary Net Position Year Ended June 30, 2025

Passthrough LPFD JPA Total

ADDITIONS
Charges for services 6,125,738$ 51,365,916$ 57,491,654$ Total Additions 6,125,738 51,365,916 57,491,654

DEDUCTIONS
Recipient Payments 4,310,384 50,976,311 55,286,695 Total Deductions 4,310,384 50,976,311 55,286,695 Net Change in Net Position 1,815,354 389,605 2,204,959

NET POSITION
Beginning Net Position (Note 9F) 6,046,337 2,487,774 8,534,111 End of year 7,861,691$ 2,877,379$ 10,739,070$

CUSTODIAL FUNDS

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED ON JUNE 30, 2025

EXHIBIT A
300
This Page Intentionally Left Blank

EXHIBIT A
301
Statistical Section (Unaudited)
June 30, 2025
City of Livermore

EXHIBIT A
302

129
City of Livermore
Description of Statistical Section Contents
Year Ended June 30, 2025

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. 130 - 136

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. 137 - 143

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. 144 - 146

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. 147 - 149

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. 150 - 158

Livermore Successor Agency these schedules contain information to help the reader assess the Livermore RDA’s revenues, debt service, and other indicators. 159 - 161

Sources:

Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.

EXHIBIT A
303
130
City of Livermore
Net Position by Component
Last Ten Fiscal Years (Accrual Basis of Accounting)
(accrual basis of accounting)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental activities
Net investment in capital assets 286,589,221$ 288,382,796$ 290,283,699$ 308,461,598$ 316,407,161$ 316,616,522$ 329,890,590$ 330,015,760$ 313,739,575$ 342,766,861$ Restricted 78,250,270 76,320,882 92,305,699 81,561,447 88,497,962 145,907,840 137,933,441 195,996,622 187,241,179 212,858,678 Unrestricted (36,129,816) (20,113,778) (31,158,732) (28,940,594) (35,517,921) (79,949,428) (74,637,389) (91,551,961) (58,891,579) (71,765,982) Total governmental activities net position 328,709,675$ 344,589,900$ 351,430,666$ 361,082,451$ 369,387,202$ 382,574,934$ 393,186,642$ 434,460,421$ 442,089,175$ 483,859,557$ Business-type activities
Net investment in capital assets 137,068,262$ 139,333,158$ 141,811,387$ 132,533,193$ 144,490,755$ 144,545,798$ 140,388,714$ 139,173,883$ 153,013,844$ 159,445,299$ Unrestricted 96,819,619 94,747,853 102,114,754 113,918,054 112,447,010 113,873,028 121,205,214 129,226,153 129,314,092 149,804,750 Total business-type activities net position 233,887,881$ 234,081,011$ 243,926,141$ 246,451,247$ 256,937,765$ 258,418,826$ 261,593,928$ 268,400,036$ 282,327,936$ 309,250,049$ Primary government
Net investment in capital assets 423,657,483$ 427,715,954$ 432,095,086$ 440,994,791$ 460,897,916$ 461,162,320$ $470,279,304 469,189,643$ 466,753,419$ 502,212,160$ Restricted 78,250,270 76,320,882 92,305,699 81,561,447 88,497,962 145,907,840 137,933,441 195,996,622 187,241,179 212,858,678 Unrestricted 60,689,803 74,634,075 70,956,022 84,977,460 76,929,089 33,923,600 46,567,825 37,674,192 70,422,513 78,038,768 Total primary government net position 562,597,556$ 578,670,911$ 595,356,807$ 607,533,698$ 626,324,967$ 640,993,760$ 654,780,570$ 702,860,457$ 724,417,111$ 793,109,606$ Net Position by Component
Last Ten Fiscal Years

EXHIBIT A
304
131
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)
2016 2017 * 2018 2019 2020 2021 2022 2023 2024 2025
Expenses
Governmental activities
General Government 11,433,092$ 11,513,994$ 15,729,502$ 18,619,685$ 23,532,602$ 15,550,878$ 14,261,204$ 15,486,750$ 19,629,578$ 22,450,983$ Fire 17,222,099 23,553,737 25,472,063 20,854,960 21,975,048 24,427,677 21,113,001 25,376,744 28,701,042 28,525,529 Police 29,624,394 32,703,145 36,741,948 37,862,170 37,301,780 40,395,532 38,985,776 40,999,419 41,272,623 45,986,717 Public Works 14,985,937 18,116,391 19,060,229 19,290,328 19,665,609 21,662,957 23,798,519 21,412,309 25,620,346 32,286,455 Community Development 27,302,011 22,044,584 20,012,366 36,444,392 32,628,435 24,802,552 26,558,158 21,514,818 33,484,650 27,116,240 Economic Development - 2,353,896 2,165,309 2,820,265 2,805,692 4,418,752 2,596,471 2,901,245 3,219,699 4,245,452 Library 4,886,840 5,858,998 6,214,109 6,341,564 6,349,762 6,303,545 6,302,537 6,913,509 8,758,604 9,485,486 Interest on long term debt 1,033,661 1,266,179 1,270,061 1,397,328 1,682,372 1,219,276 1,127,846 2,779,617 2,755,773 2,575,691 Total governmental activities expenses 106,488,034 117,410,924 126,665,587 143,630,692 145,941,300 138,781,169 134,743,512 137,384,411 163,442,315 172,672,553 Business-type activities:

Airport 3,870,139 7,017,908 3,016,304 3,504,956 4,250,953 4,022,246 3,498,840 3,030,841 3,417,759 3,205,408 Water 10,996,708 13,884,791 14,701,669 15,934,857 15,625,538 18,821,642 17,126,698 18,333,679 19,510,518 20,575,246 Sewer 25,293,809 24,879,897 21,824,590 24,081,018 24,049,671 24,026,163 23,822,392 25,174,657 27,057,675 27,389,268 Stormwater - - 4,572,368 6,215,290 5,157,718 5,341,864 5,075,457 5,282,516 7,534,272 5,585,156 Las Positas 3,204,730 2,935,020 3,025,888 1,986,853 - - - - - - Springtown 105,030 - - - - - - - - -
Total business-type activities expenses 43,470,416 43,470,416 48,717,616 47,140,819 51,722,974 49,083,880 52,211,915 49,523,387 57,520,224 56,755,078 Total primary government expenses 149,958,450$ 160,881,340$ 175,383,203$ 190,771,511$ 197,664,274$ 187,865,049$ 186,955,427$ 186,907,798$ 220,962,539$ 229,427,631$ * 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
305

132
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)

2016 2017 * 2018 2019 2020 2021 2022 2023 2024 2025
Program Revenues
Governmental activities:

Charges for services:

General Government 855,888$ 1,534,690$ 2,009,308$ 1,598,885$ 1,502,556$ 1,203,282$ 682,277$ 897,891$ $507,694 205,543$ Fire 1,822,267 1,813,604 2,560,405 767,507 1,339,356 1,150,341 2,202,529 1,125,366 1,328,778 3,485,865 Police 1,718,669 1,596,383 1,866,310 1,936,452 1,781,262 1,664,591 1,848,328 1,287,389 1,687,073 1,736,576 Public Works 220,715 253,942 214,104 319,336 237,566 237,986 240,778 249,909 352,778 6,124,547 Community Development 19,070,042 13,679,642 12,374,344 8,685,435 12,068,342 9,082,146 11,234,653 13,154,684 12,406,533 23,101,382 Economic Development - - - - - - - - - 345,821 Library 113,218 109,423 106,819 102,007 29,584 935 5,257 10,508 9,327 85,196 Redevelplment - - - - - - - - - - Operating grants and contributions 14,034,381 10,152,472 17,851,251 14,944,050 16,349,423 19,784,517 17,750,934 15,797,120 12,223,300 29,980,526 Capital grants and contributions 21,329,334 10,968,620 22,984,924 11,646,318 12,379,725 9,478,790 4,947,988 3,300,912 9,990,971 5,252,187 Total governmental activities program revenues 59,164,514 40,108,776 59,967,465 39,999,990 45,687,814 42,602,588 38,912,744 35,823,779 38,506,454 70,317,643 Business-type activities:

Charges for services:

Airport 4,671,643 3,989,363 3,638,327 3,949,727 3,988,814 3,807,332 3,426,583 3,542,766 3,701,340 3,904,909 Water 12,567,619 13,790,365 15,088,661 14,871,772 16,757,972 17,610,383 17,640,764 17,392,495 18,401,633 20,096,890 Sewer 22,853,237 20,438,612 21,391,758 22,944,348 24,535,578 25,604,994 28,379,195 30,144,505 35,910,036 33,291,598 Stormwater - 1,112,473 1,136,319 1,137,063 1,134,233 1,145,489 1,154,925 1,156,367 1,159,080 Las Positas 3,016,898 2,636,577 2,733,407 1,628,472 - - - - - - Springtown 3,694 - - - - - - - - - Operating grants and contributions - 3,079,962 199,428 643,541 - 374,526 512,162 568,394 836,720 470,085 Capital grants and contributions 50,450 4,269,465 7,025,848 7,342,209 7,381,049 2,988,779 1,679,990 2,710,316 2,332,386 9,182,517 Total business-type activities program revenues 43,163,541 48,204,344 51,189,902 52,516,388 53,800,476 51,520,247 52,784,183 55,513,401 62,338,482 68,105,079 Total primary government program revenues 102,328,055$ 88,313,120$ 111,157,367$ 92,516,378$ 99,488,290$ 94,122,835$ 91,696,927$ 91,337,180$ 100,844,936$ 138,422,722$ Net (Expense) Revenue
Governmental activities (47,323,520)$ (77,302,148)$ (66,698,122)$ (103,630,702)$ (100,253,486)$ (96,178,581)$ (95,830,768)$ (95,830,768)$ (124,935,861)$ (102,354,910)$ Business-type activities (306,875) 4,733,928 2,472,286 5,375,569 2,077,502 2,436,367 572,268 3,260,796 4,818,258 11,350,001 Total primary government net expenses (47,630,395)$ (72,568,220)$ (64,225,836)$ (98,255,133)$ (98,175,984)$ (93,742,214)$ (95,258,500)$ (92,569,972)$ (120,117,603)$ (91,004,909)$ (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
Changes in Net Position

EXHIBIT A
306
133
City of Livermore
Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)
2016 2017 * 2018 2019 2020 2021 2022 2023 2024 2025
General Revenues and Other Changes in Net Position
Governmental activities:

Taxes:

Property taxes 28,340,602$ 30,494,247$ 32,960,384$ 35,577,827$ 37,797,380$ 38,874,958$ 40,754,977$ 44,792,322$ $46,585,299 60,419,621$ Incremental property taxes - - - - - - - - - -
Sales taxes 29,932,022 30,684,026 32,346,374 35,556,493 32,869,001 35,441,550 39,907,361 39,032,166 39,562,251 39,115,790 Other taxes 15,204,335 15,429,188 17,211,775 16,895,027 16,253,107 16,150,202 18,389,594 25,852,840 26,500,055 24,765,680 Intergovernmental 6,964,071 7,411,648 7,897,068 8,417,344 8,962,999 9,417,844 10,029,277 12,176,887 13,494,977 4,306,137 Investment income 1,782,742 757,516 1,295,887 6,928,825 8,520,096 1,573,776 (7,655,464) 3,969,590 11,527,765 18,427,802 Miscellaneous 8,430,147 8,608,485 6,655,867 5,508,154 6,001,803 6,442,577 7,960,003 8,816,246 6,150,811 5,781,917 Change of value from investment in JPA - - - (1,354,554) (1,522,359) - - - - - Transfers (net) (201,180) (202,737) (12,507,742) 3,794,799 (323,790) (1,767,363) (2,943,272) (2,299,891) (3,470,000) (7,363,576) Total governmental activities 90,452,739 93,182,373 85,859,613 111,323,915 108,558,237 106,133,544 106,442,476 132,340,160 140,351,158 145,453,371 Business-type activities:

Interest and other income 1,034,225 293,279 711,495 4,250,989 3,293,931 405,366 (3,028,966) 810,299 5,857,983 8,423,453 Transfers (net) 201,180 202,737 12,507,742 (3,794,799) 323,790 1,767,363 2,943,272 2,299,891 3,470,000 7,363,576 Change in value of Investment in JPA 115,242 210,386 329,595 1,275,502 445,399 - - - - - Total business-type activities 1,350,647 706,402 13,548,832 1,731,692 4,063,120 2,172,729 (85,694) 3,110,190 9,327,983 15,787,029 Total primary government activities 91,803,386$ 93,888,775$ 99,408,445$ 113,055,607$ 112,621,357$ 108,306,273$ 106,356,782$ 135,450,350$ 149,679,141$ 161,240,400$ Change in Net Position
Governmental activities 43,129,219$ 15,880,225$ 19,161,491$ 7,693,213$ 8,304,751$ 9,954,963$ 10,611,708$ $10,611,708 15,415,297$ 43,098,461$ Business-type activities 1,043,772 5,440,330 16,021,118 7,107,261 6,140,622 4,609,096 486,574 3,175,102 14,146,241 27,137,030 Total primary government 44,172,991$ 21,320,555$ 35,182,609$ 14,800,474$ 14,445,373$ 14,564,059$ 11,098,282$ $13,786,810 29,561,538$ 70,235,491$ Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)

EXHIBIT A
307
134
City of Livermore
Fund Balances of Governmental Funds
Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General Fund
Nonspendable 5,220,875$ 5,191,768$ 6,911,157$ 5,712,441$ 5,627,682$ 5,609,833$ 5,844,210$ 5,713,684$ 5,540,349$ 5,273,139$ Restricted - - - - - - - - - 6,758,239 Committed 13,980,181 14,534,792 15,689,514 15,954,446 16,561,703 17,419,222 18,137,383 18,537,548 20,682,015 17,364,162 Assigned 16,490,551 17,891,417 20,120,563 22,359,001 24,905,533 29,677,300 43,006,790 59,058,156 53,568,176 31,037,869 Unassigned 11,447,929 16,850,333 20,197,806 21,015,747 22,903,595 24,471,138 1,794,772 620,364 12,259,873 26,610,167 Total general fund 47,139,536$ 54,468,310$ 62,919,040$ 65,041,635$ 69,998,513$ 77,177,493$ 68,783,155$ 83,929,752$ 92,050,413$ 87,043,576$ All Other Governmental Funds
Nonspendable -$ 3,580$ 510,525$ 540,789$ 537,935$ 521,482$ 589,503$ 613,264$ 3,000$ 3,000$ Restricted 106,877,672 117,117,738 122,335,628 107,752,207 106,314,261 115,657,837 107,008,330 187,443,027 180,862,130 204,557,782 Committed - - 980,960 1,583,505 2,597,943 2,597,943 2,597,943 2,597,943 2,907,557 - Unassigned - (157,775) (66,518) (337,703) - - - - (454,071) - Total all other governmental funds 106,877,672$ 116,963,543$ 123,760,595$ 109,538,798$ 109,450,139$ 118,777,262$ 110,195,776$ 190,654,234$ 183,318,616$ 204,560,782$ Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)

EXHIBIT A
308
135
City of Livermore
Changes in Fund Balances of Governmental Fund
Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenues
Property Taxes and special assessments (1) 46,106,890$ 48,513,433$ 52,797,891$ 55,378,923$ 57,137,281$ 58,827,934$ 63,508,257$ 70,645,162$ 73,038,633$ 90,363,551$ Sales taxes 29,932,022 30,684,026 32,346,374 35,556,493 32,869,001 35,441,550 39,907,361 39,032,166 39,562,251 39,115,790 Licenses and permits 3,375,139 2,587,073 3,329,443 2,647,472 2,408,482 2,587,449 4,236,642 3,952,512 3,361,835 7,781,680 Intergovernmental 15,818,812 15,329,383 18,609,342 19,663,932 21,151,712 27,824,580 26,390,007 22,029,372 24,649,213 29,593,690 Contributions from outside sources 1,492,046 3,360,435 12,763,436 3,668,666 1,735,332 395,011 625,103 605,984 1,574,485 2,734,331 Fines and forfeitures 404,562 382,735 472,063 522,198 480,714 12,837,128 444,025 394,263 345,344 483,035 Charges for current services 39,071,843 23,669,667 25,413,665 15,988,594 20,392,611 5,322,238 14,008,997 16,364,892 20,292,871 27,281,067 Use of money and property 5,106,185 3,718,382 4,594,593 12,607,413 12,667,441 4,222,473 (4,288,535) 5,258,816 15,119,762 18,427,802 Miscellaneous 8,218,597 2,754,329 4,344,239 1,820,316 1,338,085 2,311,612 2,862,290 10,157,389 5,956,716 5,431,797 Total revenues 149,526,096 130,999,463 154,671,046 147,854,007 150,180,659 149,769,975 147,694,147 168,440,556 183,901,110 221,212,743 Expenditures
General government 14,343,118 13,531,789 13,631,535 15,040,356 16,768,256 13,826,319 15,881,178 15,898,607 16,626,689 18,452,570 Fire 17,593,133 18,160,089 19,742,654 21,484,772 21,963,399 22,765,664 24,292,024 24,953,858 28,058,266 28,623,034 Police 31,248,269 32,611,631 35,474,413 37,991,489 37,855,355 39,584,317 41,583,398 43,514,564 44,867,049 49,345,701 Public Works 7,125,447 9,801,590 10,649,264 10,858,274 11,296,986 13,093,994 15,942,006 12,082,789 13,504,938 21,368,129 Community Development 26,435,968 22,366,625 26,613,789 41,744,030 31,872,893 23,269,924 28,304,312 20,728,682 27,230,944 22,463,395 Economic Development - 2,355,266 2,169,717 2,815,442 2,826,509 4,435,600 2,912,656 2,980,164 2,727,444 3,731,240 Library 4,540,660 5,287,778 5,639,115 5,665,784 5,896,798 5,626,180 6,387,640 6,472,650 6,899,323 7,743,170 Redevelopment - - - - - - - - - - Capital outlay 6,211,698 4,065,706 9,106,715 20,651,425 11,028,144 10,629,079 22,565,242 13,105,912 21,114,678 26,902,091 Debt service funds:

Principal 5,597,905 3,908,648 3,274,972 2,817,102 3,125,453 122,607 3,287,228 4,375,867 4,737,698 4,657,812 Interest and fiscal charges 1,555,850 1,292,959 1,274,238 1,400,431 1,505,596 1,375,594 1,746,920 2,888,474 3,404,696 3,229,507 Issuance cost - - - - 407,260 - - - - - Total Expenditures 114,652,048 113,382,081 127,576,412 160,469,105 144,546,649 134,729,278 162,902,604 147,001,567 169,171,725 186,516,649 Excess of Revenues
over (under)
expenditures 34,874,048$ 17,617,382$ 27,094,634$ (12,615,098)$ 5,634,010$ 15,040,697$ (15,208,457)$ 21,438,989$ 14,729,385$ 34,696,094$ (1) VLF Comp revenue reclassified to Property tax in FY 2024-25. Previously reported under Intergovernmental. (Continued) Changes In Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)

EXHIBIT A
309

136
City of Livermore
Changes in Fund Balances of Governmental Fund
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Other Financing
Sources (Uses)
Proceeds from long term debt -$ -$ -$ -$ -$ -$ -$ 41,558,955$ -$ -$ Payment to refunded bond escrow agent - - - - (51,296,699) - - - - - Refunding bonds issued - - - - 42,932,418 - - - - - Premium on refunding bonds issued - - - - 7,922,280 - - - - - Transfers in 8,915,955 8,774,169 8,914,189 5,744,041 56,604,093 3,212,134 6,510,390 6,672,696 8,302,452 8,314,202 Transfers out (9,324,083) (8,976,906) (20,951,304) (7,186,717) (56,927,883) (4,979,497) (8,277,757) (8,972,587) (15,753,452) (26,772,300) Total other financing
sources (uses) (408,128) (202,737) (12,037,115) (1,442,676) (765,791) (1,767,363) (1,767,367) (1,767,367) (7,451,000) (18,458,098) Net change in
fund balances 34,465,920$ 17,414,645$ 15,057,519$ (14,057,774)$ 4,868,219$ 13,273,334$ (16,975,824)$ (16,975,824)$ 7,278,385$ 16,237,996$ Debt service as a
percentage of noncapital
expenditures 6.6% 4.8% 3.8% 3.0% 3.5% 1.2% 3.6% 5.4% 5.5% 4.9% (modified accrual basis of accounting)
Changes In Fund Balances of Governmental Funds
Last Ten Fiscal Years

EXHIBIT A
310

137
City of Livermore
Taxable Sales by Category
Last Ten Fiscal Years

Business Type 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Apparel Stores $ 374,135 $ 463,533 $ 481,639 $ 518,984 $ 534,128 $ 272,264 $ 446,379 $ 491,940 $ 520,827 $ 520,290 General Merchandise 237,252 239,903 248,531 256,781 264,587 231,840 267,865 292,341 280,798 270,512 Food Stores 43,382 44,270 44,271 45,206 44,334 48,146 46,423 47,106 46,902 46,708 Eating and Drinking Places 176,523 193,331 200,835 209,541 217,431 161,627 218,223 247,799 259,776 270,484 Building Materials 211,876 223,778 242,577 263,116 244,488 252,777 295,803 314,489 283,187 253,896 Auto Dealers and Supplies 447,076 454,236 468,415 469,931 512,168 402,481 415,633 433,801 397,048 369,440 Service Stations 160,878 150,389 168,825 199,928 193,527 135,983 190,717 227,080 208,246 204,386 Other Retail Stores 208,524 218,332 218,677 227,634 225,905 183,504 213,529 233,459 229,130 217,865 All Other Outlets 575,804 579,353 715,998 767,406 773,622 741,580 845,784 1,703,226 1,705,814 1,814,241 Total $ 2,435,450 $ 2,567,125 $ 2,789,768 $ 2,958,527 $ 3,010,190 $ 2,430,202 $ 2,940,356 $ 3,991,241 $ 3,931,728 $ 3,967,822 TAXABLE SALES BY CATEGORY *

LAST TEN CALENDAR YEARS
(In thousands)

EXHIBIT A
311
138
City of Livermore
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years (In Percentage)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 3.25% (b) 3.25% 3.25% 3.25% State of California 6.25% 6.00% (a) 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Total Rate 9.50% 9.25% 9.25% 9.25% 9.25% 9.25% 10.25% 10.25% 10.25% 10.25% (a) FY 2016-17 State rate was reduced by 0.25%
(b) FY 2021-22 Alameda County rate increased by 1.00%
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years
(In Percentage)

EXHIBIT A
312

139
City of Livermore
Principal Sales Tax Payers
Current Year and Ten Years Ago (In alphabetical Order)

2024 2015
Audi Livermore Alere Home Monitoring
Bauer Compressors Coach
Coach Costco
Computacenter Fusionstorm Harris Rebar
Costco Home Depot
Gillig JA Momaney Services
Gucci Outlet Kate Spade
Home Depot Livermore Ford/Lincoln/Alfa/Maserati
JA Momaney Services Livermore Honda
Jifco Livermore Toyota
Land Rover Jaguar Livermore Lowes
Livermore Ford/Lincoln/Alfa/Maserati Macpherson Western Tool Supply Livermore Honda Mobile Modular Management Corp
Livermore Subaru Nike
Livermore Toyota Porsche Livermore
Lowes Prada
Mobile Modular Management Corp Quik Stop Market
Porsche Livermore Ralph Lauren
Safeway Safeway
Safeway Fuel Safeway Fuel
Target Target
Total Industries Tommy Hilfiger
US Foodservice US Food Service
Walmart Walmart
Waxie Sanitary Supply Waxies
Source: HdL Company
Principal Sales Tax Payers
Current Year and Nine Years Ago
Data in Calendar Years
In Alphabetical Order

EXHIBIT A
313

140
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*
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% 2022-2023 22,988,612,094 27,850,904 958,541,900 23,975,004,898 1.00% 2023-2024 24,105,554,462 27,981,451 1,045,547,695 25,179,083,608 1.00% 2024-2025 25,471,975,946 27,492,442 1,109,633,345 26,609,101,733 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
314
141
City of Livermore
Direct and Overlapping Governments Property Tax Rates
Last Ten Fiscal Years
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 0.0404 0.0886 0.0803 0.0771 0.0743 0.0691 0.0706 0.0638 0.054 0.0475 Chabot Las Positas 0.0198 0.0246 0.0445 0.0443 0.0422 0.0214 0.0458 0.0388 0.0416 0.0393 Pleasanton Unified School District 0.0239 0.0224 0.0672 0.0640 0.0642 0.0580 0.0435 0.0422 0.0828 0.0805 Zone 7 Flood Control 0.0343 0.0333 0.0359 0.0332 0.0309 0.0309 0.0307 0.0279 0.0267 0.0243 Bay Area Rapid Transit 0.0026 0.0080 0.0084 0.0070 0.0120 0.0139 0.0060 0.014 0.0134 0.0148 East Bay Regional Park 0.0067 0.0032 0.0021 0.0057 0.0060 0.0014 0.0020 0.0058 0.0057 0.0013 County General Obligation Bond - - - 0.0112 0.0108 0.0036 0.0041 0.0103 0.0088 0.0089 Total Direct and Overlapping Rate 1.1277 1.1801 1.2384 1.2425 1.2404 1.1983 1.2027 1.2028 1.2330 1.2166 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
315
142
City of Livermore
Principal Property Taxpayers
Current Year and Nine Years Ago
Taxable Percentage Taxable
Assessed of Total City Assessed
Value Taxable Value
Secured/ Assessed Secured/
Taxpayer Unsecured Rank Value Unsecured Rank
Westcore Bravo Livermore LLC 326,749,900$ 1 1.22%
Livermore Premium Outlets LLC 241,542,110 2 0.90% 155,040,641 1 Form Factor Inc 164,791,263 3 0.61% 45,161,833 8 Longfellow Logistics Center LLC 145,817,840 4 0.54% Lam Research Corporations 131,586,206 5 0.49%
Kaiser 129,359,267 6 0.48% 110,098,881 2 Arkay Properties LLC 113,740,948 7 0.42%
Livermore Multifamily Owner LLC 104,259,603 8 0.39% Pool 2 Industrial California LLC 95,925,399 9 0.36% Raintree Ironwood LLC 86,632,839 10 0.32% 73,989,792 3 Valley Care Senior Housing Inc 53,316,237 4
3055 Livermore Owner LLC 52,626,490 5
Sequoia Equities Mill Springs 47,730,759 6
Marathon Drive Buildings LLC 45,731,826 7
Sutter Health 42,360,703 9
BTMU Capital Leasing and Finance Inc 40,068,346 10 1,540,405,375$ 5.73% 666,125,508$
Source: HdL Company
Principal Property Taxpayers
Current Year and Nine Years Ago
2025 2016

EXHIBIT A
316

143
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 (a) Amount of Levy for the Fiscal Year (Refund) (b) 2016 27,839,513$ 27,718,828$ 99.57% 120,685$ 320,482$ 2017 29,014,829 28,341,709 97.68% 673,120 321,785 2018 31,087,296 30,559,069 98.30% 528,227 338,288 2019 33,273,066 32,570,581 97.89% 702,485 533,453 2020 35,368,204 34,740,288 98.22% 627,916 341,676 2021 36,930,452 36,077,734 97.69% 852,718 451,056 2022 38,114,809 37,598,776 98.65% 516,033 414,496 2023 41,369,080 40,870,045 98.79% 499,035 371,527 2024 43,552,728 43,327,514 99.48% 225,214 412,414 2025 46,069,054 45,378,219 98.50% 690,835 502,166 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
317

144
City of Livermore
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years

Certificates Notes & Financed Certificates Financed Total Percentage Fiscal of Loans Purchases and of Financed State Purchases and Primary of Personal Per Year Participation Payable SBITA Participation Purchases Loan SBITA Government Income (1) Capita 2016 60,193,384$ 2,566,738$ 11,330,801$ 14,186,182$ -$ -$ 619,257$ 88,896,362$ 2.5% 1,009$ 2017 56,386,950 2,440,343 10,300,691 13,003,050 - - 512,946 82,643,980 2.2% 922 2018 53,758,606 1,793,715 9,152,150 12,336,394 - - 392,972 77,433,837 2.0% 847 2019 54,295,394 1,667,320 8,189,116 8,429,606 - - 321,293 72,902,729 1.7% 801 2020 50,854,698 1,540,562 7,563,146 7,783,689 - - 296,702 68,038,797 1.5% 741 2021 50,270,524 1,417,955 6,883,846 7,697,470 - - 270,016 66,539,811 1.4% 729 2022 46,998,880 818,197 6,148,494 7,213,722 - - 241,127 61,420,420 1.2% 713 2023 84,295,830 727,439 5,354,242 6,713,702 - - 209,925 97,301,138 1.8% 1,148 2024 80,081,365 366,680 6,765,916 6,196,145 176,292 - 508,514 93,918,620 1.6% 1,107 2025 75,698,765 275,922 3,577,039 5,661,722 140,107 - 5,661,722 91,015,277 1.5% 1,060 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
318

145
City of Livermore
Direct and Overlapping Governmental Activities Debt
June 30, 2025

City Assessed Valuation, net of exemptions 26,725,528,533$ Redevelopment Agency Incremental Valuation* -
Total Assessed Valuation 26,725,528,533$
Estimated
share of
Percentage Outstanding Overlapping
Governmental Unit Applicable (1) Debt 6/30/25 Debt
Overlapping Debt Repaid with Property Taxes:

Alameda County 6.354% 478,925,000$ 30,430,895$
Bay Area Rapid Transit District 2.551% 2,391,260,000 61,001,043 Chabot-Las Positas Community College District 15.453% 892,445,000 137,909,526 Livermore Valley Joint Unified School District 93.854% 220,800,000 207,229,632 East Bay Regional Park District 0.079% 145,930,000 115,285 City of Livermore Community Facilities District No. 99-1 100.000% 7,185,000 7,185,000 City of Livermore Community Facilities District No. 2009-1 I.A. No. 1 100.000% 15,296,597 15,296,597 City of Livermore Community Facilities District No. 2009-1 I.A. No. 2 100.000% 3,991,034 3,991,034 City of Livermore Community Facilities District No. 2009-1 I.A. No. 3 100.000% 2,186,922 2,186,922 City of Livermore Community Facilities District No. 2016-2 100.000% 7,415,000 7,415,000 City of Livermore 1915 Act Bonds 100.000% 1,613,667 1,613,667 CA Statewide Communities Development Authority Assessment District Bonds 100.000% 16,915,486 16,915,486 Total overlapping debt repaid with property taxes 4,183,963,706 491,290,087 Overlapping Other Debt:

Alameda County Gen. Fund Obligations & Coliseum Authority 6.354% 622,687,500 39,565,564 Tax Increment Debt (Successor Agency) 100.000% 12,745,000 12,745,000 Total overlapping other debt 635,432,500 52,310,564
Total overlapping debt 4,819,396,206$ 543,600,651
Leases, SBITAs and other 1,742,320
City of Livermore Certificate of Participation 75,125,001 City of Livermore Notes & Loans 275,922
City of Livermore Financial Purchase 3,717,146
Total gross direct debt 80,860,389
Less: City of Livermore Obligations Supported by Rate Payers' Fees (5,016,812) Less: City of Livermore Obligations Funded by Grants Revenues (6,865,922) Total net direct debt 68,977,655
Total direct and overlapping debt 612,578,306$
Notes:
(1)
* 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 portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.

Direct and Overlapping Governmental Activities Debt
As of June 30, 2025
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
319
146
City of Livermore
Legal Debt Margin Information
Last Ten Fiscal Years
Legal Debt Margin Calculation for Fiscal Year 2023-24
Common Property Assessed Valuation-Secured Roll 26,264,328,578$ Government Code Sec. 43605 Debt Limit 15% of Assessed Valuation 3,939,649,287 Amount of debt applicable to the limit - Legal debt margin 3,939,649,287
Percent of debt limit authorized and issued 0.00%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Debt limit 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$ 3,510,424,142$ 3,727,886,645$ 3,939,649,287$ Total net debt applicable to limit - - - - - - - - - - Legal debt margin 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$ 3,510,424,142$ 3,727,886,645$ 3,939,649,287$ 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
320

147
City of Livermore
Demographic and Economic Statistics
Last Ten Fiscal Years

Year
Livermore
Population
Total
Personal
Income
Per Capita
Personal Income
Unemployment
Rate
2015 88,138 3,573,663 40,546 6.2%
2016 89,648 3,675,152 40,995 2.9%
2017 91,411 3,883,413 42,482 2.3%
2018 91,039 4,226,619 46,426 2.5%
2019 91,861 4,493,228 48,913 2.5%
2020 91,216 4,916,696 53,901 7.2%
2021 86,149 5,313,309 61,675 4.6%
2022 84,793 5,501,069 64,876 2.6%
2023 84,828 5,923,392 69,828 3.3%
2024 85,899 6,112,114 71,154 3.9%
Note:

1. Data Source: HdL Company
Demographic and Economic Statistics
Last Ten Calendar Years

EXHIBIT A
321
148
City of Livermore
Population Demographics
June 30, 2025
Number
Percent of
Population
Under 5 years 3,510 4.1%
5 to 9 years 7,303 8.6%
10 to 14 years 4,798 5.7%
15 to 19 years 4,895 5.8%
20 to 24 years 3,848 4.5%
25 to 29 years 3,981 4.7%
30 to 34 years 5,859 6.9%
35 to 39 years 5,006 5.9%
40 to 44 years 8,583 10.1%
45 to 49 years 6,415 7.6%
50 to 54 years 5,095 6.0%
55 to 59 years 6,733 7.9%
60 to 64 years 5,249 6.2%
65 to 69 years 3,637 4.3%
70 to 74 years 2,895 3.4%
75 to 79 years 3,124 3.7%
80 to 84 years 2,505 3.0%
85 years and over 1,413 1.7%
Total Population 84,849 100.0%
Note:
(1) Data Source: United States Census Bureau
(population estimates for year 2023)
Population Demographics(1)
Age

EXHIBIT A
322

149
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 9,749 1 16.91% 5600-6000 1 12.54% Sandia National Lab 2,067 2 3.59% 1000-1400 2 2.55% Livermore Valley Joint Unified School District 1,401 3 2.43% 1200-1300 3 2.66% GILLIG 1,198 4 2.08%
FormFactor 920 5 1.60%
Kaiser Permanente 825 6 1.43% 1000-1100 4 2.23% City of Livermore 535 7 0.93% 400-500 9 0.96% Lam Research 474 8 0.82%
Topcon Positioning 410 9 0.71%
US Foods 360 10 0.62% 400-500 8 0.96%
Comcast
Wente 900-100 5 2.02%
RGW Construction 600-800 6 1.49%
Livermore Area Recreation and Parks District 500-700 7 1.28% Valley Care Health Systems 400-500 10 0.96%

31.12% 27.65%
* Estimated
Source: City of Livermore Office of Innovation and Economic Development 2025 2016
Current Year and Nine Years Ago
Principal Employers

EXHIBIT A
323
150
City of Livermore
Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Function/Program
General government
Administrative Services 1,2,3 32.50 33.50 35.50 39.25 38.25 39.25 39.25 35.25 37.25 37.25 City Manager 3 7.00 6.00 7.00 7.00 7.00 7.00 7.00 12.00 13.00 13.00 City Attorney 8.50 8.50 8.50 8.50 9.00 9.00 9.00 9.00 10.00 10.00 Police 2 141.75 142.75 141.75 145.00 145.50 145.50 145.50 147.25 148.25 151.25 Public Works 41.45 43.80 43.80 45.50 45.50 45.50 45.50 45.50 45.50 46.50 Community Development 60.50 64.50 66.50 66.50 68.50 68.50 67.50 67.50 70.50 72.50 Economic Development 3.00 3.00 3.00 3.00 4.00 4.00 4.00 4.00 4.00 5.00 Library 28.00 27.00 27.00 27.00 27.35 27.35 27.35 27.88 27.88 29.38 Airport 8.00 8.00 8.00 8.00 8.50 8.50 8.50 8.50 8.50 8.50 Water 15.00 13.75 13.75 10.00 11.00 10.00 10.00 10.00 10.00 10.00 Sewer 48.50 49.50 49.50 49.50 49.50 50.50 50.50 51.50 52.50 52.00 Las Positas Golf Course 0.80 0.70 0.70 - - - - - - -
Total 395.00 401.00 405.00 409.25 414.10 415.10 414.10 418.38 427.38 435.38 Notes:

1. Starting in FY17, includes City Clerk employees. Prior years' data is added to Administrative Services for comparison purposes.

2. Starting in FY18, two Police Information Technology employees are included in Administrative Services.

3. Starting in FY23, City Clerk is included in City Manager and no longer in Administrative Services.

Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years

EXHIBIT A
324

151
City of Livermore
Capital Assets Statistics by Function/Program
Last Ten Fiscal Years

Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police
Stations 1 1 1 1 1 1 1 1 1 1 Patrol units 58 59 63 61 63 61 65 64 65 69 Fire stations 5 5 5 5 5 5 5 5 5 5 Public Works
Streets (centerline miles) 308 306 308 308 308 308 310 360 360 360 Streetlights 7,382 7,500 7,500 7,500 7,500 7,500 7,526 10,212 10,212 10,212 Traffic Signals 105 106 106 106 108 114 112 114 114 114 Enhanced Crosswalks 15 17 17 17 22 24 24 24 29 29 Las Positas Municipal Golf Course
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 Water
Water mains (miles)
Potable water 148 148 151 162 162 162 163 163 163 168 Recycled water 21 21 21 20 20 20 20 20 20 20 Fire hydrants 1,495 1,516 1,548 1,550 1,559 1,567 1,567 1,568 1,568 1,575 Fire hydrants (recycled) 122 122 121 120 120 120 120 125 125 125 Wastewater
Sanitary sewers (miles) 297 297 302 304 304 304 304 305 305 305 Storm sewers (miles) 214 214 224 226 226 226 226 226 226 226 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 Sources: Various city departments.

Capital Asset Statistics by Function/Program
Last Ten Fiscal Years

EXHIBIT A
325
152
City of Livermore
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police
Physical arrests 2,781 2,278 3,034 3,502 2,922 2,168 1,726 1,712 1,447 1,558 Parking violations 1,708 2,021 2,269 2,819 2,736 1,482 1,431 1,000 1,775 2,937 Traffic violations 5,142 4,540 5,344 8,620 8,576 5,531 4,060 3,425 3,282 3,243 Fire
7,233 7,620 7,539 7,536 7,610 7,700 8,329 16,577 16,597 16,047 210 210 227 218 239 322 291 454 500 543 1,195 1,411 1,013 810 839 849 605 568 609 792 Emergency responses (5)
Fires extinguished
Inspections (1)
Annual fire inspection program 541 624 674 602 712 74 545 986 1,215 712 Public Works
Street resurfacing (centerline miles) 3.3 - - - 3.6 1.4 - - 5.3 6.5 Potholes repaired 504 1,347 969 1,152 858 639 700 2,030 1,193 1,332 Maintenance of Landscaping (acres) 329 330 334 338 340 350 350 350 350 350 Library
Volumes in collection 281,469 276,849 268,154 267,319 266,803 270,155 275,662 268,964 214,855 215,155 Total volumes borrowed 762,939 762,304 753,072 760,960 540,073 (4) 249,348 (4) 685,183 873,274 947,630 1,039,412 Community Development
Building permits issued NA 3,694 4,086 3,755 3,729 5,948 - 4,663 5,201 6,200 Water
New connections 200 232 120 89 57 27 1 3 20 21 Water mains breaks 3 3 - - - - - 1 - 1
Other water breaks & leaks 18 19 16 30 17 31 29 22 19 15 Average Daily Consumption
Potable water (millions of gallons) 4.10 4.40 4.80 5.20 5.40 5.50 5.40 4.80 4.90 5.30 Recycled water (millions of gallons) 2.02 1.70 1.84 1.91 1.88 2.00 1.85 1.40 1.30 1.40 Peak daily consumption - potable 8.80 9.00 9.50 10.10 10.20 10.40 10.30 9.50 9.90 10.00 (millions of gallons)
Wastewater
Average daily sewage treatment 5.90 5.80 5.80 5.60 5.50 5.50 5.30 5.30 5.30 5.60 (millions of gallons)
New connections 659 311 385 347 200 286 96 231 123 682 Municipal Airport
Number of tenant aircraft 503 507 512 495 487 497 466 454 466 465 Total landings & takeoffs 121,050 117,834 146,988 156,405 148,568 170,707 195,952 184,527 183,190 187,597 Gallons of fuel pumped 281,288 - (2) - (2) - (2) - (2) - (2) - (2) - (2) - (2) - Las Positas Municipal Golf Course
Rounds Played 66,711 58,982 61,418 N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) N/A Operating Indicators by Function/Program
Last Ten Fiscal Years (1)
(1) Data is reported on a fiscal year basis.
(2) Starting 11/25/2015, fuel was transitioned to Five Rivers Aviation. (3) 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. (4) Reduction due to COVID-19 shelter in place order that began in mid-March 2020. (5) For fiscal year 2022 and prior, emergency responses were reported for Livermore only. Starting in fiscal year 2023, it is reported for all LPFD.

NA Data not available.

Source: Various city departments.

EXHIBIT A
326

153
City of Livermore
Water and Sewer Rates
Year Ended June 30, 2025

The monthly residential water bill for a customer using 10 CCF of water per month with a 5/8" meter would be $95.05.

Meter Size (inches)
City Service
Meter Charge
Flat Rate
Alameda
County Zone 7
Meter Charge
Flat Rate
Total Meter
Charge
5/8" (0.625) $23.88 $30.61 $54.49
3/4" (0.75) 31.57 45.92 77.49 Billing Type Monthly Charge 1" with Fire Line 23.88 30.61 54.49 Single Family per Dwelling Unit $71.65 1" 46.94 76.53 123.47 Multi-Family per Dwelling Unit 58.63 1 1/2" Displacement 85.38 153.05 238.43 1 1/2" Turbine 100.75 183.66 284.41 Commercial 2" Displacement 131.50 244.88 376.38 2" Turbine 154.56 290.80 445.36 Billing Type Monthly Charge 3" Turbine 342.90 665.77 1,008.67 Fixed Charge: Flat Rate $30.87 4" Turbine 585.03 1,147.88 1,732.91
6" Turbine 1,238.42 2,448.80 3,687.22 Variable Charge: Winter Water Use 8" 2,160.86 4,285.40 6,446.26 Billing Type Monthly Charge (Monthly + 10%) 1 10" 3,237.03 6,428.10 9,665.13 Bakeries per 100 Cubic ft. $11.61 $12.77 5/8" Fire Line 1.31 exempt 1.31 Commercial Laundry per 100 Cubic ft. 7.23 7.95 3/4" Fire Line 1.56 exempt 1.56 Markets per 100 Cubic ft. 11.64 12.80 1" Fire Line 20.80 exempt 20.80 Mortuaries per 100 Cubic ft. 11.64 12.80 1 1/2" Fire Line 3.11 exempt 3.11 Restaurants per 100 Cubic ft. 11.61 12.77 2" Fire Line 4.14 exempt 4.14 All Other per 100 Cubic ft. 5.06 5.57 3" Fire Line 6.20 exempt 6.20
4" Fire Line 8.26 exempt 8.26 Institutional:
6" Fire Line 12.38 exempt 12.38 Schools per 100 Cubic ft. 5.02 5.52 8" Fire Line 16.5 exempt 16.5 All Other - Institution per 100 Cubic ft. 5.02 5.52 10" Fire Line 20.62 exempt 20.62
Residential
Water and Sewer Rates
For Year Ended June 30, 2025
Customers in the City's Water service area are billed monthly with rates shown below. The rates provided are those in effect as of June 30, 2025. Residential sewer customers are billed via their property tax bill while Commercial customers are billed monthly.

Water Sewer

EXHIBIT A
327
154
City of Livermore
Water System – Revenues by Class of User
June 30, 2025
Water Usage Cost Per Unit:

City Distribution Zone 7 Total
Cost Wholesale Cost Variable Cost
Residential:

Single Family:

Tier 1 (1-7 Units) $1.43 $2.44 $3.87
Tier 2 (8+ Units) 2.05 2.44 4.49
Multi-Family 1.66 2.44 4.10
Commercial, Institution, Hydrant (potable) & Public Agency:

All Units 1.63 2.44 4.07
Irrigation
All Units 1.84 2.44 4.28
Recycled Water:

All Units 2.8 - 2.77
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, 2025
Water Sewer
Fiscal Year Percentage of
User Class Revenues Revenues
Residential 27,360,043$ 83.9%
Commercial/Industrial 5,249,618 16.1%
Total 32,609,661$ 100%
Livermore Sewer System
Revenues by Class of User
Fiscal Year 2024-25

EXHIBIT A
328

155
City of Livermore
Sewer Connection Fees
June 30, 2025

Effective Date July 1, 2025
Flow/Volume
Residential User Type in mg DUEs Connections
Single Family Residential 1,044 24,375 24,375 8,333.03$ Condominiums/Multiple Family
Residential 304 7,096 9,215
Commercial/Institutional 609 11,732 1,072 4,397.99$ Total Users 1,957 43,203 34,662 4,953.53
6,388.66
7,268.26
8,333.03
Auto Repair 5.09$
Assembly Facilities 6.94
Eating/drinking w/o cooking 16.20
Gas Stations 21.76
General Use 1.85
Gyms, Health Clubs 13.89
Hotels, Motels (excluding dining facilites) 6.94
Markets 8.80
Mixed use 4.63
Medical/Dental Office/Clinic 10.18
Restaurants 37.52
Warehouse 0.46
Industrial
F = Flow cost $/gpd 35.85$
B = BOD cost $/lb-day 3,118.80
S = SS cost $/lb-day 1,269.56
Four Bedroom
Commercial (BOD & SS = 285 mg/L, unless
otherwise shown)
Single Family
Multi-Family
Studio
One Bedroom
Two Bedroom
Three Bedroom
As of June 30, 2025
Sewer Connection Fees Livermore Sewer System
City of Livermore Number of Dwelling Unit Equivalents and Connections by Classification of User

EXHIBIT A
329

156
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 2016 2017(5) 2018 2019 2020 2021 2022 2023 2024 2025
Gross Revenues
Charges for services $ 18,901,732 $ 20,388,467 $ 21,341,703 $ 22,920,343 $ 24,503,188 $ 25,500,934 $ 27,646,105 $ 29,561,501 $ 30,971,138 $ 32,609,661 Connection Fees 3,677,231 1,834,854 2,477,971 2,311,224 1,341,958 1,966,329 689,915 518,366 980,656 5,868,851 Investment Income (Loss) 834,666 178,872 395,756 1,783,751 1,955,582 234,858 (2,091,441) 222,433 3,335,826 4,580,932 Other Revenue(3) 59,991 50,147 33,205 20,806 32,390 73,041 53,414 63,271 43,764 149,803 Total Gross Revenues 23,473,620 22,452,340 24,248,635 27,036,124 27,833,118 27,775,162 26,297,993 30,365,571 35,331,384 43,209,247 Maintenance & Operations Costs(2) 17,392,930 15,784,287 15,982,653 18,020,641 18,480,604 17,778,653 17,565,418 18,471,830 20,482,646 23,581,613 LAVWMA Net Revenues 6,080,690 6,668,053 8,265,982 9,015,483 9,352,514 9,996,509 8,732,575 11,893,741 14,848,738 19,627,634 Share of LAVWMA Debt Service
Rehabilitation Project 973,711 973,985 974,289 973,970 974,183 974,244 910,398 808,700 809,235 808,846 Expansion Project 1,253,103 1,253,455 1,253,847 1,253,436 1,253,710 1,253,788 1,171,623 1,040,744 1,041,433 1,040,932 Total LAVWMA Debt Service $ 2,226,814 $ 2,227,440 $ 2,228,136 $ 2,227,406 $ 2,227,893 $ 2,228,032 $ 2,082,021 $ 2,082,021 $ 1,850,668 $ 1,849,778 LAVWMA Debt Service Coverage 2.73 2.99 3.71 4.05 4.20 4.49 4.19 5.71 8.02 10.61 Net Revenues Available after
Obligations/LAVWMA $ 3,853,876 $ 4,440,613 $ 6,037,846 $ 6,788,077 $ 7,124,621 $ 7,768,477 $ 6,650,554 $ 9,811,720 $ 12,998,070 $ 17,777,856 (1) Balances are derived from the Livermore audited financial statements. (3) 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 Transfers Out, if any.
(4) 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.

Summary of Historical Operating Results (1)
Fiscal Year Ended June 30

EXHIBIT A
330

157
City of Livermore
Schedule of Insurance
June 30, 2025

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 7/1/24-6/30/25 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
2023-2024 MOC CJPRMA jointly indemnifies members from SIR to $7.5M 7/1/24-6/30/25 General/Auto Liability
Excess Coverage
Second Layer
Safety National
A.M. Best Rating A++:XV
Following CJPRMA Memorandum of Coverage Binder FCA4068311 $5,000,000 per occurrence excess of $7,500,000 per occurrence retention for Bodily Injury / Property Damage / Personal Injury / Public Officials E&O
7/1/24-6/30/25
General/Auto Liability
Excess Coverage
Third Layer
Munich Re
A.M. Best Rating A+:XV
Following CJPRMA Memorandum of Coverage Binder Renewal of 152376-3019263-2022 $5,000,000 per occurrence excess of $12,500,000 per occurrence retention for Bodily Injury / Property Damage / Personal Injury / Public Officials E&O
7/1/24-6/30/25
General/Auto Liability
Excess Coverage
Fourth Layer
Applied Underwriters/ Continental Indemnity
Company
A.M. Best Rating A-:XI
Following CJPRMA Memorandum of Coverage JCI23NPX-01042-03 $2,500,000 per occurrence excess of $17,500,000 per occurence retention for Bodily Injury / Property Damage / Personal Injury / Public Officials E&O
7/1/24-6/30/25
General/Auto Liability
Excess Coverage
Fifth Layer
Chubb/Ace American
A.M. Best Rating A++:XV
Following CJPRMA Memorandum of Coverage G71816370 004 $5,000,000 per occurrence excess of $20,000,000 per occurence retention for Bodily Injury / Property Damage / Personal Injury / Public Officials E&O
7/1/24-6/30/25
Genera/Auto Liability
Excess Coverage
Sixth Layer
Everest Reinsurance Company
A.M. Best Rating A+:XV
Following CJPRMA Memorandum of Coverage FC10045252-2023 $5,000,000 excess of $25,000,000 7/1/24-6/30/25 Genera/Auto Liability
Excess Coverage
Seventh Layer
Quota Share 50% / 50%
Bowhead/Midvale
A.M. Best Rating A:XV
SCOR
A.M. Best Rating A:XV
Following CJPRMA Memorandum of Coverage
PEF-172337023-00
FA0090560-2023-1
$5,000,000 excess of $30,000,000 7/1/24-6/30/25
Genera/Auto Liability
Excess Coverage
Eighth Layer
AWAC
A.M. Best Rating A:XV
Following CJPRMA Memorandum of Coverage 0312-9438 $5,000,000 excess of $35,000,000 7/1/24-6/30/25 Commercial Property Lloyd's of London: 74%
Core Speciality (StarStone): 20%
A.M. Best Rating A-:XII
Munich Re: 4%
A.M. Best Rating A+:XV
Real and Personal Property / Business Interruption / Extra Expense / Rental Coverage, Excluding Earthquake and Flood
Lloyds - B0180PJ1900047 Primary Property Limit: $400,000,000 Deductible $250,000
$500,000 for Wildfire
$1,000,000 All Flood Zones
7/1/24-6/30/25
APIP Coverage is on a replacement cost basis. APIP - 35-JPA/Pools 2 $375,000,000 xs $25,000,000 7/1/24-6/30/25 *Boiler and Machinery
included in property program
APIP/
Travelers Boiler & Machinery
A++:XV
APIP 35-JPA/Pools 2
Travelers
$100,000,000 7/1/24-6/30/25
Pollution Ironshore Specialty Insurance Company Claims Made and Reported Pollution Liability ISPILLSCAUNR002 $3,000,000 per occurrence $3,000,000 aggregate with $75,000 deductible
7/1/24-6/30/25
Pollution APIP/Ironshore Claims Made and Reported Pollution Liability APIP 35-JPA/Pools 2 $2,000,000 per occurrence $25,000,000 aggregate (all insureds combined)
7/1/24-6/30/25
Aircraft Policy - Drones Starr Indemnity & Liability Company Hull and Liability coverage for reported drones to CJPRMA 1000233406-07 $5,000,000 Combine Single Limit for BI & PD - No Deductible 7/1/24-6/30/25 Cyber Liability APIP/Beazley Information security & privacy insurance with electronic media liability coverage
B0180FN2105500 $2,000,000 per member; $25,000,000 aggregate. Deductible is $100,000.
7/1/24-6/30/25
Excess Cyber Ironshore Information security & privacy insurance with electronic media liability coverage
EO5SACA0QX001 $2,000,000 excess of $2,000,000 per member, $3,000,000 x $40,000,000 aggregate
7/1/24-6/30/25
SCHEDULE OF INSURANCE AS OF JUNE 30, 2025

EXHIBIT A
331
158
City of Livermore
Schedule of Insurance
June 30, 2025

COVERAGE BROKER COVERAGE POLICY NO LIMITS TERM
Excess Cyber Tokio Marine HCC
Houston Casualty
Information security & privacy insurance with electronic media liability coverage
H22CXS20777-00 $1,000,000 each claim/ $1,000,000 aggregate, $4,000,000 each claim/$43,000,000 aggregate
7/1/23-6/30/24
Deadly Weapon Respsonse Program APIP/Lloyds Claims Made and Reported PJ22000500004 $500,000 per occurrence & aggregate $2,500,000 deductible
7/1/24-6/30/25
Auto Physical Damage Hanover - Inland Marine Auto physical damage coverage for city-owned vehicles IH3 H663376 14 Per occurrence limit: $10,000,000 $10,000 deductible with replacement value as scheduled
7/1/24-6/30/25
EPL sublimit $12.5M. This is $7.5M CJPRMA
retention and $5M with Safety National.

Retained $5M aggregate with Safety
National.

Subsidence sublimit $7.5M. This reflects
coverage in CJPRMA retention. No coverage in
reinsurance.

Communicable disease sublimit $7.5M. This reflects coverage in CJPRMA retention. No coverage in reinsurance.

Fungal pathogens sublimit $12.5M. This is
$7.5M CJPRMA retention and $5M with
Safety National. Retained $5M aggregate
with Safety National.

Sexual abuse in daycare operations $12.5M. This is $7.5M CJPRMA retention and $5M with Safety National. Retained $5M aggregate with Safety National.

Terrorism sublimit
$12.5M. This is $7.5M
CJPRMA retention and
$5M with Safety National.

Retained $5M aggregate
with Safety National.

Exception to exclusions for Exclusion 2
(Airports - public officials errors and
omissions) and Exclusion 27 (Pollution -
various) sublimit $7.5M. This reflects
coverage in CJPRMA. No coverage in
reinsurance.

Exception to exclusion for Exclusion 29
(Property of a Covered Party) sublimit $5M
aggregate retained with Safety National.

Fiduciary AON/Travelers 457 Governmental money purchase plan and trust. 106945404 $1,000,000 for all claims, $100,000 for each settlement program notice.
7/1/24-6/30/25
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.

D3740021A 012Q $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
7/1/24-6/30/25
Public Employee Blanket Bond
(Crime/Fidelity)
AON – Great American Insurance Group Faithful performance, any dishonest act, including forgery, alteration, & theft
GVT05217781000 Deductible is $10,000 per loss 7/1/24-6/30/25 Covers all employees statutorily required to maintain bonding. Coverage is $500,000 per loss Airport Liability AON/Old Republic Insurance Co. Airport liability / Hangerkeeper’s / Advertising / Vehicles / Non‐ owned aircraft / Fire Legal Liability / Products and Completed Operations / Premises
PR00269706 $75,000,000 per occurrence with $0 deductible; $4M Excess of $1M for airport owned vehicles off site
7/1/24-6/30/25
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 7/1/24-6/30/25 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.

LAWCX 23.24 $5 million in excess of SIR of $500,000 per claim 7/1/24-6/30/25 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 23 EWC-32 $50,000,000 each accident/each employee (Difference between $50,000,000 and the individual member’s retention) 7/1/24-6/30/25
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-444785-013 Statutory excess of $50,000,000 7/1/24-6/30/25 SCHEDULE OF INSURANCE AS OF JUNE 30, 2025

EXHIBIT A
332
159
City of Livermore
Redevelopment Project – Historical Tax Revenues
Last Ten Fiscal Years
Category FY2016-17 FY2017-18 FY2018-19 FY2019-20 FY2020-21 FY2021-22 FY2022-23 FY2023-24 FY2024-25 Secured Assessed Values 669,403$ 724,912$ 758,981$ 791,095$ 822,520$ 850,789$ $941,341 $1,071,387 $1,088,381 Unsecured Assessed Values 53,829 50,958 45,926 35,085 51,529 62,775 87,831 31,993 76,164 Total Assessed Values 723,232 775,870 804,907 826,180 874,049 913,564 1,029,172 1,103,380 1,164,545 Percentage Change 10.67% 7.28% 3.74% 2.64% 5.79% 4.52% 17.75% 20.78% 13.15% Base Year Assessed Values 70,060 70,060 70,060 70,060 70,060 70,060 70,060 70,060 70,060 Incremental Assessed Values 653,272 705,810 734,848 756,120 803,990 844,092 959,112 1,033,320 1,094,485 Gross Tax Increment Revenue 6,875 7,445 7,581 7,803 8,121 8,451 9,591 10,333 10,945 Unitary Tax Revenues 20 27 33 34 34 295 51 58 69
Gross Revenues 6,895 7,472 7,614 7,837 8,155 8,746 9,642 10,391 11,014 Adjustments to Gross Revenues:

County Administrative Fees 47 49 58 52 54 53 56 57 46
Sections 33676 Payments 3 3 3 3 3 3 3 3 3
Tax Revenues 6,845$ 7,420$ 7,553$ 7,782$ 8,098$ 8,690$ 9,583$ 10,331$ 10,965$ Negotiation Pass-Through Payments 1,200 1,297 1,314 1,358 1,410 1,469 1,608 1,828 1,832 Statutory Pass-Through Payments 375 450 451 498 542 643 793 891 972 Net Tax Increment Revenues 5,270$ 5,673$ 5,788$ 5,926$ 6,146$ 6,578$ 7,182$ 7,612$ 8,161$ Redevelopment Project
Historical Tax Revenues ($ in 000s)

EXHIBIT A
333
160
City of Livermore
Redevelopment Project – Ten Largest Taxable Property Owners Last Ten Fiscal Years
Total % of Total % of
FY 2024-25 Assessed Incremental
Assessee Primary Use Assessed Value Value Value
Livermore Mutifamily Owner LLC Residential 104,259,603$ 8.95% 9.53% Sequoia Equities Mill Springs Residential 56,261,476 4.83% 5.14% Vinters Square LLC Commercial 50,563,440 4.34% 4.62% ValleyCare Senior Housing Inc. Residential 44,202,250 3.80% 4.04% Hospital Comm Livermore Pleas Areas Commercial 36,731,900 3.15% 3.36% Comcast of California Unsecured 35,536,699 3.05% 3.25% Maroon Bear LP Commercial 34,576,112 2.97% 3.16% 35 Fenton Street LLC (1) Commercial 24,507,600 2.10% 2.24% Serra LLC (1) Commercial 16,537,980 1.42% 1.51% Stanford Health Care Tri-Valley Commercial 15,131,894 1.30% 1.38% Top Ten Total 418,308,954$ 35.92% 38.22%
Total FY 2024-25 Assessed Valuation 1,164,545,443$ 100.00% Total FY 2024-25 Incremental Assessed Valuation 1,094,485,386$ 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
36 17 2 26.70% 19 $236,928,826
Appeals for FY 2020-21 to FY 2024-25
Livermore Successor Agency to the Former Redevelopment Agency Assessment Appeals

EXHIBIT A
334
161
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 1,452,094 5.11 2018-19 7,613,936 (58,375) (2,742) 7,552,819 2,044,969 3.69 2019-20 7,837,339 (52,352) (2,867) 7,782,120 2,045,469 3.80 2020-21 8,154,877 (53,869) (2,994) 8,098,014 2,042,969 3.96 2021-22 8,297,623 (53,438) (3,114) 8,241,071 2,042,344 4.04 2022-23 9,071,915 (51,368) (2,638) 9,017,909 2,038,469 4.42 2023-24 10,503,201 (48,228) (3,109) 10,451,864 2,041,094 5.12 2024-25 11,022,774 (44,364) (1,632) 10,976,778 2,030,219 5.41 2025-26 6,293,445 (46,309) (2,268) 6,244,868 2,030,719 3.08 2026-27 6,293,445 (46,309) (2,268) 6,244,868 2,049,244 3.05 2027-28 6,293,445 (46,309) (2,268) 6,244,868 2,047,044 3.05 2028-29 6,293,445 (46,309) (2,268) 6,244,868 2,041,075 3.06 2029-30 6,293,445 (46,309) (2,268) 6,244,868 2,046,031 3.05 2030-31 6,293,445 (46,309) (2,268) 6,244,868 2,037,828 3.06 2031-32 6,293,445 (46,309) (2,268) 6,244,868 2,040,088 3.06 2032-33 6,293,445 (46,309) (2,268) 6,244,868 - 0.00 1) FY 2016-17 through FY 2024-25 are based on actual
2) FY 2025-26 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
335

EXHIBIT A
336

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS

FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT B
337

EXHIBIT B
338

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

Table of Contents

Page

Independent Auditor’s Report ..................................................................................................................... 1

Financial Statements:

Balance Sheet ...................................................................................................................................... 4

Statement of Revenues, Expenditures and Changes in Fund Balances ............................................. 5

Notes to Financial Statements ............................................................................................................. 6

Independent Auditor’s Report on Measure B Compliance………………………………………………………………...10

EXHIBIT B
339

EXHIBIT B
340
Page | 1
Independent Auditor’s Report
The Honorable Mayor and Members of the City Council
City of Livermore, California
Report on the Audit of the Financial Statements
Opinion
We have audited the Financial Statements of the Measure B Funds, a special revenue fund of the City of Livermore, California (City), as of and for the year ended June 30, 2025, and the related notes to the financial statements, as listed in the table of contents.

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 of Livermore, as of June 30, 2025, 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 Opinion
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 opinion.

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, 2025, 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.
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT B
341
Page | 2
Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the 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 opinion. 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
342
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 December 31, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that 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
December 31, 2025

EXHIBIT B
343

EXHIBIT B
344

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS
Page | 4

BALANCE SHEET
As of June 30, 2025
Bicycle and Local Streets
Pedestrian and Roads Totals
ASSETS
Cash and Investments 14,374$ 31,899$ 46,273$
Total Assets 14,374$ 31,899$ 46,273$

LIABILITIES
Accounts Payable 14,374$ 31,899$ 46,273$
Total Liabilities 14,374 31,899 46,273

FUND BALANCES
Restricted for Measure B Programs
and Projects - - -
Total Fund Balances - - -
Total Liabilities & Fund Balances 14,374$ 31,899$ 46,273$ See accompanying notes to financial statements.

EXHIBIT B
345

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS
Page | 5

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES For the Fiscal Year Ended June 30, 2025
Bicycle and Local Streets
Pedestrian and Roads Totals

REVENUES
Measure B Direct Local Distribution
Program Revenue
Interest and Investment Income 21,699$ 79,629$ 101,328$ Total Program Revenues 21,699 79,629 101,328

EXPENDITURES
Measure B Direct Local Distribution
Expenses-Current
General Government 795 34,724 35,519
Construction 458,996 1,567,317 2,026,313
Total Program Expenditures 459,791 1,602,041 2,061,832

REVENUES OVER (UNDER) EXPENDITURES/
NET CHANGE IN FUND BALANCE (438,092) (1,522,412) (1,960,504)

FUND BALANCES
Beginning Fund Balance 438,092 1,522,412 1,960,504 Ending Fund Balance -$ -$ -$
See accompanying notes to financial statements.

EXHIBIT B
346

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS
FOR THE YEAR ENDED June 30, 2025
Page | 6

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 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. Capital Assets
Capital assets, consisting primarily of infrastructure, are recorded as expenditures and are not capitalized since they will be maintained by the City.

E. 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
347

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE B FUNDS
FOR THE YEAR ENDED June 30, 2025
Page | 7

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.

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 on-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
348

EXHIBIT B
349
Page | 8

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 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 (Government Auditing Standards), the financial statements of the Measure B Funds (Fund) of the City of Livermore, California (City), as of and for the year ended June 30, 2025, and have issued our report thereon dated Report December 31, 2025.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Fund's internal control over financial reporting (internal control) as a basis for designing audit procedures that are app
ropriate 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 Fund's internal control.

Accordingly, we do not express an opinion on the effectiveness of the Fund's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow man
agement or employees, in the normal course of performing their assigned functions, to prevent or det
ect 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 that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficienci
es in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified.

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, regulatio
ns, contracts, grant agreements, 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.
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT B
350
Page | 9
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
December 31, 2025

EXHIBIT B
351
Page | 10
Independent Auditor’s Report
The Honorable Mayor and Members of the City Council
City of Livermore, California
Report on Compliance
Opinion on Compliance with Measure B
We have audited the City of Livermore, California (City) compliance with the compliance requirements applicable to the Measure B Funds (Measure B Funds) of the City of Livermore, California (City), for the year ended June 30, 2025.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that are applicable to the Measure B Funds for the year ended June 30, 2025.

Basis for Opinion
We conducted our audit of compliance 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 (Government Auditing Standards) issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with 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 opinion. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s government programs.
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT B
352
Page | 11
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. 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 material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of the government program as a whole.

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 noncompliance, 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 City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
• Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a compliance requirement will not be prevented, or detected and corrected, on a timely basis.

A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

EXHIBIT B
353
Page | 12
Our consideration of internal control over compliance was for the limited purpose described in the "Auditor’s Responsibilities for the Audit of Compliance" section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that have not been identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing. Accordingly, this report is not suitable for any other purpose.

Menlo Park, California
December 31, 2025

EXHIBIT B
354

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS

FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT C
355

EXHIBIT C
356

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
Table of Contents
Page
Independent Auditor’s Report ...................................................................................................................... 1 Financial Statements:

Balance Sheet ........................................................................................................................................ 4 Statement of Revenues, Expenditures and Changes in Fund Balances .............................................. 5 Notes to Financial Statements.............................................................................................................. 6 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………………………………………………………………………….…………………………….…………………….………...8 Independent Auditor’s Report on Measure BB Compliance ……………………………………...………………..…..10

EXHIBIT C
357

EXHIBIT C
358
Page | 1
Independent Auditor’s Report
To the Honorable Mayor and
Members of the City Council of the
City of Livermore, California
Report on the Audit of the Financial Statements
Opinion
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, 2025, and the related notes to the financial statements, as listed in the table of contents.

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 of Livermore, as of June 30, 2025, 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.

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.

EXHIBIT C
359

Page | 2
Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the 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 opinion. 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.

EXHIBIT C
360

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 December 31, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that 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
December 31, 2025

EXHIBIT C
361

EXHIBIT C
362

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS
Page | 4

BALANCE SHEET
As of June 30, 2025
Bike and Local Streets
Pedestrian and Roads Total
ASSETS
Cash and Investments 1,967,352$ 9,614,953$ 11,582,305$ Total Assets 1,967,352$ 9,614,953$ 11,582,305$

LIABILITIES
Accounts Payable -$ 363,122$ 363,122$ Total Liabilities - 363,122 363,122

FUND BALANCE
Restricted for Measure BB Programs
and Projects 1,967,352 9,251,831 11,219,183 Total Fund Balances 1,967,352 9,251,831 11,219,183 Total Liabilities and Fund Balances 1,967,352$ 9,614,953$ 11,582,305$ See accompanying notes to financial statements.

EXHIBIT C
363

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS
Page | 5

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES For the Fiscal Year Ended June 30, 2025
Bike and Local Streets
Pedestrian and Roads Total

REVENUES
Measure BB Direct Local Distribution
Program Revenue
Direct Local Distribution Funds Allocation 573,056$ 2,402,383$ 2,975,439$ Interest and Investment Income 87,882 373,268 461,150 Total Program Revenues 660,938 2,775,651 3,436,589

EXPENDITURES
Measure BB Direct Local Distribution
Expense-Current
General Government 2,935 97,463 100,398 Construction 368,923 663,903 1,032,826 Total Program Expenditures 371,858 761,366 1,133,224

REVENUES OVER (UNDER) EXPENDITURES/
NET CHANGE IN FUND BALANCE 289,080 2,014,285 2,303,365

FUND BALANCES
Beginning Fund Balance 1,678,272 7,237,546 8,915,818 Ending Fund Balance 1,967,352$ 9,251,831$ 11,219,183$

EXHIBIT C
364

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS
FOR THE YEAR ENDED JUNE 30, 2025
Page | 6

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.

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. Capital Assets

Capital assets, consisting primarily of infrastructure, are recorded as expenditures and are not capitalized since they will be maintained by the City.

E. 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
365

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

MEASURE BB FUNDS
FOR THE YEAR ENDED JUNE 30, 2025
Page | 7

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 2024-2025. All investments are stated at fair value. Pooled investment earnings are allocated quarterly based on the average quarterly cash and investment balances of the various funds and related entities of the City.

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
366

EXHIBIT C
367
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 (Government Auditing Standards), 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, 2025, and have issued our report thereon dated Report December 31, 2025.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Fund'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 Fund's internal control.

Accordingly, we do not express an opinion on the effectiveness of the Fund'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 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 or significant deficiencies may exist that have not been identified.

Page | 8
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT C
368
Page | 9
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, 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 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
December 31, 2025

EXHIBIT C
369
Page | 10
Independent Auditor’s Report
The Honorable Mayor and Members of the City Council
City of Livermore, California
Report on Compliance
Opinion on Compliance with Measure BB
We have audited the City of Livermore, California (City) compliance with the compliance requirements applicable to the Measure BB Funds (Measure BB Funds) of the City of Livermore, California (City), for the year ended June 30, 2025.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that are applicable to the Measure BB Funds for the year ended June 30, 2025.

EXHIBIT C
370
Page | 11
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. 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 material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of the government program as a whole.

EXHIBIT C
371
Page | 12
Our consideration of internal control over compliance was for the limited purpose described in the "Auditor’s Responsibilities for the Audit of Compliance" section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that have not been identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

Menlo Park, California
December 31, 2025

EXHIBIT C
372

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)

FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025

EXHIBIT D
373

EXHIBIT D
374

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)
Financial Statements
For the Fiscal Year Ended June 30, 2025

Table of Contents

Page

Independent Auditor’s Report ..................................................................................................................... 1

Financial Statements:

Balance Sheet ............................................................................................................................. ………4

Statement of Revenues, Expenditures and Changes in Fund Balance ............................................... 5

Notes to Financial Statements ............................................................................................................. 6

Independent Auditor’s Report on Vehicle Registration Fee Program Compliance ………………………………10

EXHIBIT D
375

EXHIBIT D
376
Page | 1
Independent Auditor’s Report
To the Honorable Mayor and
Members of the City Council of the
City of Livermore, California
Report on the Audit of the Financial Statements
Opinion
We have audited the Financial Statements of the Measure F Funds, a special revenue fund of the City of Livermore, California (City), as of and for the year ended June 30, 2025, and the related notes to the financial statements, as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the Measure F Funds of the City of Livermore, as of June 30, 2025, 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.

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.

EXHIBIT D
377
Page | 2
Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

EXHIBIT D
378
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.

Menlo Park, California
December 31, 2025

EXHIBIT D
379

EXHIBIT D
380

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)
Page | 4

BALANCE SHEET
As of June 30, 2025
Local Streets
and Roads
ASSETS
Cash and Investments 1,941,440$
Total Assets 1,941,440$

LIABILITIES
Accounts Payable 840$
Total Liabilities 840

FUND BALANCE
Restricted for Measure F Programs and Projects 1,940,600 Total Fund Balances 1,940,600
Total Liabilities and Fund Balances 1,941,440$
See accompanying notes to financial statements.

EXHIBIT D
381

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)
Page | 5

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE FISCAL YEAR ENDED JUNE 30, 2025
Local Streets
and Roads

REVENUES
Measure F Direct Local Distribution Program Revenue
Direct Local Distribution Funds Allocation 366,750$
Interest and Investment Income 78,199
Total Program Revenues 444,949

EXPENDITURES
Measure F Direct Local Distribution Expenses
General Government 2,493
Construction 571
Total Program Expenditures 3,064
REVENUES OVER (UNDER) EXPENDITURES 441,885
Net Change in Fund Balance 441,885

FUND BALANCE
Beginning Fund Balance 1,498,715
Ending Fund Balance 1,940,600$
See accompanying notes to the financial statements.

EXHIBIT D
382

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)
FOR THE YEAR ENDED JUNE 30, 2025
Page | 6

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 operations 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. Operating statements of governmental funds present increases (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.

EXHIBIT D
383

CITY OF LIVERMORE

ALAMEDA COUNTY TRANSPORTATION COMMISSION

VEHICLE REGISTRATION FEE PROGRAM (VRF)
FOR THE YEAR ENDED JUNE 30, 2025
Page |7

NOTES TO FINANCIAL STATEMENTS
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.

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.

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.

EXHIBIT D
384
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 (Government Auditing Standards), the financial statements of the Measure F Funds (Fund) of the City of Livermore, California (City), as of and for the year ended June 30, 2025, and have issued our report thereon dated Report December 31, 2025.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Fund'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 Fund's internal control. Accordingly, we do not express an opinion on the effectiveness of the Fund'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 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 or significant deficiencies may exist that have not been identified.

Page |8
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT D
385
Page |9
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, 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.

Menlo Park, California
December 31, 2025

EXHIBIT D
386
Page |10
Independent Auditor’s Report
The Honorable Mayor and Members of the City Council
City of Livermore, California
Report on Compliance
Opinion on Compliance with Measure F
We have audited the City of Livermore, California (City) compliance with the compliance requirements applicable to the Measure F Funds (Measure F Funds) of the City of Livermore, California (City), for the year ended June 30, 2025.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that are applicable to the Measure F Funds for the year ended June 30, 2025.

EXHIBIT D
387
Page |11
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. 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 material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of the government program as a whole.

EXHIBIT D
388
Page |12
Our consideration of internal control over compliance was for the limited purpose described in the "Auditor’s Responsibilities for the Audit of Compliance" section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that have not been identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

Menlo Park, California
December 31, 2025

EXHIBIT D
389
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, 2025
City of Livermore, California
eidebailly.com

EXHIBIT E
390
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, 2025. 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. Additionally, the City agreed to and acknowledged that the procedures performed are appropriate to meet their purposes. 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 2024‐2025 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 2024‐2025 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 and to the information provided by the California State Department of Finance.

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. eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT E
391
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
December 31, 2025

EXHIBIT E
392
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 (Government Auditing Standards), the financial statements of the governmental activities, the 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, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 31, 2025.

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 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 or significant deficiencies may exist that were not identified. eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT F
393
2 Report on 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.

Menlo Park, California
December 31, 2025

EXHIBIT F
394
1 December 31, 2025
To the 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, 2025, and have issued our report thereon dated December 31, 2025. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit under Generally Accepted Auditing Standards and Government Auditing Standards
As communicated in our planning letter, 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 and major program compliance 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 system of 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.

Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.
eidebailly.com
4040 Campbell Ave., Ste. 200 • Menlo Park, CA. 94025-1053 • T 650.522.3400 • F 650.645.7393 • EOE

EXHIBIT G
395

2 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.

Significant Risks Identified

As stated in our auditor’s report, professional standards require us to design our audit to provide reasonable assurance that the financial statements are free of material misstatement whether caused by fraud or error. In designing our audit procedures, professional standards require us to evaluate the financial statements and assess the risk that a material misstatement could occur. Areas that are potentially more susceptible to misstatements, and thereby require special audit considerations, are designated as “significant risks.” We have identified estimates related to compensated absences, pension, OPEB, and claims liabilities as significant risks and have performed additional procedures to lower the risks. Additionally, we are required by our audit standards to perform procedures related to override of internal controls and certain revenue recognition requirements.

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, except for the implementation of GASB Statement No. 101, Compensated Absences. 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.

Accounting Estimates and Related Disclosures

Accounting estimates and related disclosures 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), and claims liabilities.

Management’s estimate of the City Pension, Other Postemployment Benefits (OPEB), and claims liabilities is based on actuarial estimated performed by management specialists. 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.

EXHIBIT G
396

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:

• 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.

Uncorrected misstatements or matters underlying those uncorrected misstatements could potentially cause future-period financial statements to be materially misstated, even though the uncorrected misstatements are immaterial to the financial statements currently under audit. We noted an accounts receivable and equity passed on adjustment, whose effects in the current and prior periods, as determined by management, are immaterial, both individually and in the aggregate, to the financial statements taken as a whole, related to fire permit billing in the amount of $967,687 in the Governmental Activities of the City.

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.

EXHIBIT G
397

4 Representations Requested from Management

We have requested certain written representations from management which are included in the management representation letter dated December 31, 2025.

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, significant events or transactions that occurred during the year, 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 Included in Annual Reports

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.

In accordance with such standards, we have read the introductory and statistical sections of the City annual comprehensive financial report and considered whether such information, or the manner of its presentation, as materially inconsistent with its presentation in 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.

EXHIBIT G
398

5 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 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
399

CITY COUNCIL STAFF REPORT
ITEM NO. 11.1

3.1 Presentation of Military Banners to Families.

Material: PowerPoint Presentation

9.0 Council Committee Reports and Matters Initiated by City Manager, City Attorney, Staff, and Council Members.

Material: Council Reports

DATE:

January 26, 2026
TO:

Honorable Mayor and City Council
FROM:

Marianna A. Burch, City Manager
SUBJECT:

Supplemental materials received prior to the meeting.

RECOMMENDED ACTION

DECISION TYPE
Not Applicable

SUMMARY
These materials were posted online and made available to the public at the same time that they were distributed to the City Council.

DISCUSSION

ATTACHMENTS

1. Supplemental Materials

Prepared by: Ashley Zieba
Acting City Clerk

400

Approved by:
____________________________________
Marianna A. Burch
City Manager
Fiscal Review by:
____________________________________
Tina Olson
Administrative Services Director
401
Item 3.1
PowerPoint Presentation
402
2 2025 Military Banner Program Honorees
2025 Military Banner Program Honorees
3 4
Item 3.1
PowerPoint Presentation
403
Item 3.1
PowerPoint Presentation
404
4 2025 Military Banner Program Honorees
7 Item 3.1
PowerPoint Presentation
405
Council Member Date of
Meeting or
Event
Committee or
Organization -
(Please spell out
acronyms)
Meeting or Event
Type (ex. board
meeting or ribbon
cutting)
Summary of Meeting or Event
Mayor Marchand 1/14/2026 Alameda County
Mayors
Conference
Mayors conference Heard a legislative update from the League of California Cities, an update on the City of Fremont and a report on the Regional Shoreline Plan to respond to climate change.

Mayor Marchand 1/15/2026 Las Positas
College Veterans
First
Veterans Summit Attended and participated in the Summit.

Mayor Marchand 1/15/2026 City of Livermore TV30 Mayor's Report
Provided an update on City events and activities.

Mayor Marchand 1/15/2026 City of Livermore Civic Appreciation Dinner
Provided an overview of the purpose of the advisory bodies and activities. Thanked those who serve the City.

Mayor Marchand 1/17/2026 Livermore Valley
Arts
Asian Art Reception Attended and networked
Mayor Marchand 1/21/2026 Tri-Valley
Ministries
Meeting and call to
action
Spoke about how the Livermore community has stepped up to serve those who are disadvantaged.

Mayor Marchand 1/21/2026 Alameda Airport
Land Use
Commission
Commission
meeting
Elected new officers, approved the land use and conditions for the ALCO Iron Works expansion.

Mayor Marchand 1/21/2026 Chamber of
Commerce
Business mixer Attended with business leaders and networked.

Mayor Marchand 1/22/2026 Alameda County
Transportation
Commission
Commission
meeting
Received an update on the Countywide Transportation Plan and approved an amendment to the Measure BB Expenditure Plan.

Mayor Marchand 1/24/2026 City of Livermore Celebration of Life for Pat Wheeler
Recognized the service to the veterans whom were served by Ms.

Wheeler and her service dogs.

Item 9.0
Council Reports
406
Mayor Marchand 1/24/2026 Scouting America Eagle Scout Court of Honor for Robert
Whitlock
Presented a Mayor's Certificate of Recognition
Mayor Marchand 1/24/2026 City of Livermore Ribbon-cutting Presented a Mayor's Certificate of Welcome to Meza n Moka.

Item 9.0
Council Reports
407
Council Member Date of
Meeting or
Event
Committee or
Organization - (Please
spell out acronyms)
Meeting or Event Type
(ex. board meeting or
ribbon cutting)
Summary of Meeting or Event
Vice Mayor Wang 1/15/2026 California - We The People Project Citizen Showcase High School students from throughout the East Bay presented their analysis of a community problem and their policy-based solution.

Vice Mayor Wang 1/15/2026 On Lok PACE Center Pre-opening tour of their new Union City facility
On Lok PACE provides all-inclusive care for the elderly, very similar to the new CEI PACE Center in Livermore.

Vice Mayor Wang 1/15/2026 City of Livermore Civic Appreciation Dinner We recognized more than 100 Livermore community members who serve on ten commissions, boards, and
committees.

Vice Mayor Wang 1/16/2026 Altamont Landfill Open
Space Committee
Quarterly Committee
Meeting
We reviewed the purpose and function of the Committee
and discussed reviewing the priority areas for conservation.

We also received an update on available funding for the Committee, as well as an update on Tesla Park.

Vice Mayor Wang 1/19/2026 City of San Ramon MLK Day Celebration Elected officials, community leaders, and performer gather to celebrate the legacy of Dr. Martin Luther King, Jr.

Vice Mayor Wang 1/21/2026 Livermore Valley Chamber
of Commerce
Monthly mixer This one was on the stage of the Bankhead Theater, always one of the most well attended mixers each year.

Vice Mayor Wang 1/22/2026 Livermore Downtown Inc. Meeting with LDI Executive Director Kara
Klotchman
Discussed LDI's plans for the year and upcoming events.

Vice Mayor Wang 1/23/2026 Livermore Amador Valley
Transit Authority
Pleasanton Bus Service
Planning Committee
meeting
We discussed changes to the bus route in downtown
Pleasanton to better accommodate traffic from Meadowlark Dairy and changes in demand on the school routes.

Vice Mayor Wang 1/24/2026 Meza n Moka restaurant Ribbon cutting A popular Mediterranean restaurant with a big following opens in Livermore. Super delicious food! Mayor Marchand presented a certificate.

Item 9.0
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Vice Mayor Wang 1/25/2026 Vine Cinemas, Friends of
the Livermore Library,
Livermore Indivisible, and
Livermore Advocates for
Public Education
Screening of "The
Librarians"
A sold out event, with panel discussion of local librarians following the screening.

Vice Mayor Wang 1/26/2026 Three Valleys Community
Foundation
25th annual Dr. Martin
Luther King Jr. Fellowship
Breakfast & Awards
Annual event to honor community leaders who
demonstrate bold leadership, justice, and action in service to others. This year's event also honors youth leaders for the first time.

Vice Mayor Wang 1/26/2026 Tri-Valley Nonprofit
Alliance
Check presentations Presentation of checks to community organizations doing important work to support the most vulnerable people in our community.

Item 9.0
Council Reports
409
Council Member Date of Meeting
or Event
Committee or
Organization -
(Please spell out
acronyms)
Meeting or Event Type
(ex. board meeting or
ribbon cutting)
Summary of Meeting or Event
Council Member
Barrientos
1/14/2026 Monitor Committee Board Meeting Elected a new chair. Reviewed GeoTraker website, updates on PFAS
Council Member
Barrientos
1/21/2026 Ava CCA community
choice Aggregator
Board meeting
Reviewed compliance period procurement, stabilization of RSF, discussion on how to tell the customer how Ava is
lowering cost and not PGE
Council Member
Barrientos
1/25/2026 Heritage Guild Meeting with County
Supervisor Hubert
Discussion on raising funds to move the Midway School to Livermore and to get his support
Item 9.0
Council Reports
410
Council Member Date of Meeting or
Event
Committee or Organization - (Please spell out
acronyms)
Meeting or Event Type (ex. board meeting or ribbon
cutting)
Council Member
Branning
1/21/2026 CalCities Mayors and council members academy
Council Member
Branning
1/23/2026 CalCities Housing, Community, and Economic Development Policy Meeting
Council Member
Branning
1/26/2026 Livermore Amador Valley Transit Authority Projects and Services Meeting Item 9.0
Council Reports
411
Council Member Date of
Meeting or
Event
Committee or
Organization - (Please
spell out acronyms)
Meeting or Event
Type (ex. board
meeting or ribbon
cutting)
Summary of Meeting or Event
Council Member
Dunbar
1/15/2026 City of Livermore Civic Appreciation
Dinner
Thank you to everyone who puts in so much of their
time to serve our community
Council Member
Dunbar
1/26/2026 Three Valleys
Community Foundation
Legacy Awards
Item 9.0
Council Reports
412

Livermore City CouncilJanuary 26, 2026

Livermore City Council
January 26, 2026