Pleasanton City Council
January 20, 2026

Measurement period 2018-19 2017-18 2016-17 2015-16 2014-15 Total pension liability
Service cost $ 4,160,503 4,233,715$ 4,380,642 $ 3,675,812 $ 3,440,755 $ Interest 15,816,781 15,101,959 14,640,730 14,305,583 13,761,314 Changes of benefit terms
Changes of assumptions - (592,040) 11,484,814 - (3,164,073) Differences between expected and actual experience 2,043,232 (1,188,776) (1,709,382) (250,882) (1,720,368) Benefit payments, including refunds of employee contributions (11,760,936) (10,928,666) (10,503,998) (10,185,743) (9,722,438) Net change in total pension liability 10,259,580 6,626,192 18,292,806 7,544,770 2,595,190 Total pension liability - beginning 222,970,698 216,344,506 198,051,700 190,506,930 187,911,740 Total pension liability - ending (a) 233,230,278$ 222,970,698 $ 216,344,506 $ 198,051,700 $ 190,506,930 $ Pension fiduciary net position
Contributions - employer 6,628,841 $ 6,172,990 $ 6,071,682 $ 5,361,714 $ 4,930,309 $ Contributions - employee 1,764,603 1,765,387 1,551,969 1,391,002 1,221,550 Net investment income 9,564,819 11,736,933 14,098,740 671,305 2,855,434 Benefit payments, including refunds of employee contributions (11,760,936) (10,928,666) (10,503,998) (10,185,743) (9,722,438) Net Plan to Plan Resource Movement - (340) - - (285) Administrative expense (104,319) (215,135) (187,549) (79,149) (146,155) Other Miscellaneous Income/
(Expense)1 340 (408,545) - - - Net change in plan fiduciary net position 6,093,348 8,122,624 11,030,844 (2,840,871) (861,585) Plan fiduciary net position - beginning2 146,182,137 138,059,513 127,028,669 129,869,540 130,731,125 Plan fiduciary net position - ending (b) 152,275,485$ 146,182,137 $ 138,059,513 $ 127,028,669 $ 129,869,540 $ Plan net pension liability - ending (a) - (b) 80,954,793$ 76,788,561 $ 78,284,993 $ 71,023,031 $ 60,637,390 $ City Share (50%) 40,477,397$ 38,394,281 $ 39,142,497 $ 35,511,516 $ 30,318,695 $ Plan fiduciary net position as a percentage 65.29% 65.56% 63.81% 64.14% 68.17% of the total pension liability
Covered payroll3 14,695,194$ 14,858,791 $ 15,376,607 $ 14,128,499 $ 13,131,650 $ Plan net pension liability as a percentage of covered
payroll 550.89% 516.79% 509.12% 502.69% 461.77%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Pension Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple-Employer Defined Benefit Pension Plan - Safety (Fire) Plan (Continued) 145

Measurement period 2023-24 2022-23 2021-22 2020-21 2019-20 Safety (Police)
Plan's proportion of the
Net Pension Liability (Asset) 0.43% 0.42% 0.42% 0.57% 0.59% Plan's proportion share of
the Net Pension Liability (Asset) 51,656,864 $ 52,399,265 $ 48,044,055 $ 20,034,837 $ 39,511,056 $ Plan's Covered Payroll 12,054,097$ 11,914,244 $ 11,998,567 $ 11,514,575 $ 10,927,991 $ Plan's Proportionate Share of
the Net Pension Liability (Asset)
as a percentage of its Covered Payroll 428.54% 439.80% 400.41% 174.00% 361.56% Plan's Proportionate Share of the Fiduciary
Net Position as a percentage of
the Plan's Total Pension Liability 0.51% 0.50% 0.53% 0.61% 0.54% City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Proportionate Share of Net Pension Liability For the Year Ended June 30, 2025
Last Ten Fiscal Years
Cost-Sharing Multiple-Employer Defined Benefit Pension Plan - Safety (Police) Plan 146

Measurement period 2018-19 2017-18 2016-17 2015-16 2014-15 Safety (Police)
Plan's proportion of the
Net Pension Liability (Asset) 0.56% 0.53% 0.52% 0.57% 0.55% Plan's proportion share of
the Net Pension Liability (Asset) 34,825,255 $ 31,176,806 $ 30,840,762 $ 29,660,239 $ 22,831,189 $ Plan's Covered Payroll 10,690,900$ 9,744,448 $ 9,915,346 $ 9,905,680 $ 9,507,583 $ Plan's Proportionate Share of
the Net Pension Liability (Asset)
as a percentage of its Covered Payroll 325.75% 319.94% 311.04% 299.43% 240.14% Plan's Proportionate Share of the Fiduciary
Net Position as a percentage of
the Plan's Total Pension Liability 0.56% 0.57% 0.56% 0.56% 0.58% City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Proportionate Share of Net Pension Liability (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
Cost-Sharing Multiple-Employer Defined Benefit Pension Plan - Safety (Police) Plan (Continued) 147

Fiscal Year 2024-2025 2023-2024 2022-23 2021-22 2020-21 Actuarially Determined Contribution2
14,366,497$ 12,797,261 $ 12,386,262 $ 11,399,801 $ 10,448,757 $ Contributions in Relation to the
Actuarially Determined Contribution2
(14,322,873) (12,797,261) (12,386,262) (11,399,801) (10,448,757) Contribution Deficiency (Excess) 43,624 $ - $ - $ - $ - $ Covered payroll3 33,734,568$ 32,815,728 $ 32,269,976 $ 31,210,496 $ 30,480,102 $ Contributions as a percentage
of covered payroll3 42.46% 39.00% 38.38% 36.53% 34.28%
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method/period For details, see June 30, 2022 Funding Valuation Report.

Asset valuation method Fair Value of Assets. For details, see June 30, 2022, funding valuation report.

Inflation 2.30%
Salary increases Varies by entry age and service
Payroll Growth 2.80%
Investment rate of return
Retirement age
Mortality
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Agent Multiple-Employer Defined Benefit Pension Plan - Miscellaneous Plan The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2022 funding valuation report.

6.80% net of pension plan investment and administrative expenses; includes inflation. 1As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be presented as of the employer’s most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CalPERS.
2 Employers are assumed to make contributions equal to the actuarially determined contributions. How ever, some employers may choose to make additional contributions tow ards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions. 3 Includes one year’s payroll growth using 2.80% payroll growth assumption for fiscal years ended in 2022 through 2025; 2.75% payroll growth assumption for fiscal years ended in 2018 through 2021; 3.00% payroll growth assumption for fiscal years ended in 2015 through 2017.

The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.
148

Fiscal Year 2019-20 2018-19 2017-18 2016-17 2015-16
Actuarially Determined Contribution2
9,500,835$ 8,420,069 $ 7,497,182 $ 6,881,221 $ 6,313,803 $ Contributions in Relation to the
Actuarially Determined Contribution2
(9,500,835) (8,420,069) (7,497,182) (6,881,221) (7,313,803) Contribution Deficiency (Excess) - $ - $ - $ - $ (1,000,000)$ Covered payroll3 29,158,730$ 28,365,628 $ 27,648,324 $ 25,556,540 $ 25,673,931 $ Contributions as a percentage
of covered payroll3 32.58% 29.68% 27.12% 26.93% 28.49%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Agent Multiple-Employer Defined Benefit Pension Plan - Miscellaneous Plan (Continued) 149

Fiscal Year 2024-25 2023-24 2022-23 2021-22 2020-21
Actuarially Determined Contribution2 10,480,427$ 9,555,416 $ 9,382,776 $ 8,681,086 $ 8,310,958 $ Contributions in Relation to the Actuarially
Determined Contribution2 - Pleasanton Share (5,238,330) (4,777,708) (4,691,388) (4,340,543) (4,155,479) Contributions in Relation to the Actuarially
Determined Contribution2 - Livermore Share (5,238,330) (4,777,708) (4,691,388) (4,340,543) (4,155,479) Contribution Deficiency (Excess) 3,767 $ - $ - $ - $ - $ Covered payroll3 19,163,422$ 18,641,461 $ 17,521,016 $ 16,423,661 $ 16,924,746 $ Contributions as a percentage of covered payroll3 27.34% 25.63% 26.78% 26.43% 24.55% Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method/period For details, see June 30, 2022 Funding Valuation Report.

Asset valuation method Fair Value of Assets. For details, see June 30, 2022, funding valuation report.

Inflation 2.30%
Salary increases Varies by entry age and service
Payroll Growth 2.80%
Investment rate of return
Retirement age
Mortality
The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. 2Employers are assumed to make contributions equal to the actuarially determined contributions. How ever, some employers may choose to make additional contributions tow ards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions. 3Includes one year’s payroll growth using 2.80% payroll growth assumption for fiscal years ended in 2022 through 2025; 2.75% payroll growth assumption for fiscal years ended in 2018 through 2021; 3.00% payroll grow th assumption for fiscal years ended in 2014 through 2017.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2022 funding valuation report.

6.80% net of pension plan investment expenses; includes Inflation. 1As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be presented as of the employer’s most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CalPERS.

Agent Multiple-Employer Defined Benefit Pension Plan - Safety (Fire) Plan City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
150

Fiscal Year 2019-20 2018-19 2017-18 2016-17 2015-16
Actuarially Determined Contribution2 7,679,832$ 6,117,340 $ 6,009,558 $ 6,313,962 $ 5,390,058 $ Contributions in Relation to the Actuarially
Determined Contribution2 - Pleasanton Share (3,839,916) (3,058,670) (3,004,779) (3,156,981) (2,695,029) Contributions in Relation to the Actuarially
Determined Contribution2 - Livermore Share (3,839,916) (3,058,670) (3,004,779) (3,156,981) (2,695,029) Contribution Deficiency (Excess) - $ - $ - $ - $ - $ Covered payroll3 15,581,217$ 14,695,194 $ 14,858,791 $ 15,376,607 $ 14,128,499 $ Contributions as a percentage of covered payroll3 24.64% 20.81% 20.22% 20.53% 19.08% City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Agent Multiple-Employer Defined Benefit Pension Plan - Safety (Fire) Plan (Continued) 151

Fiscal Year 2024-2025 2023-2024 2022-23 2021-22 2020-21 Actuarially Determined Contribution 6,499,086$ 5,509,599 $ 5,421,096 $ 4,906,207 $ 4,329,030 $ Contributions in relation to the actuarially
determined contribution (6,479,352) (5,509,599) (5,421,096) (4,906,207) (4,329,030) Contribution deficiency (excess) 19,734 $ - $ - $ - $ - $ Covered payroll 12,391,612 $ 12,054,097 $ 11,914,244 $ 11,998,567 $ 11,514,575 $ Contributions as a percentage of covered payroll 52.29% 45.71% 45.50% 40.89% 37.60% Cost-Sharing Multiple-Employer Defined Benefit Pension Plan - Safety (Police) Plan City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions
For the Year Ended June 30, 2025
Last Ten Fiscal Years
152

Fiscal Year 2019-20 2018-19 2017-18 2016-17 2015-16
Actuarially Determined Contribution 3,699,768$ 3,321,452 $ 2,516,591 $ 3,542,737 $ 1,599,423 $ Contributions in relation to the actuarially
determined contribution (3,699,768) (3,321,452) (2,516,591) (6,159,217) (3,190,123) Contribution deficiency (excess) - $ - $ - $ (2,616,480)$ (1,590,700) $ Covered payroll 10,927,991 $ 10,690,900 $ 9,744,448 $ 9,915,346 $ 9,905,680 $ Contributions as a percentage of covered payroll 33.86% 31.07% 25.83% 62.12% 32.20% City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pensions (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years
Cost-Sharing Multiple-Employer Defined Benefit Pension Plan - Safety (Police) Plan (Continued) 153

Measurement period, year ending: June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Total OPEB liability
Service cost 1,274,000 $ 1,252,000 $ 1,252,000 $ 1,453,000 $ Interest 4,879,000 4,515,000 4,419,000 5,589,000 Differences between expected and actual experience - (897,000) - (14,053,000) Changes of assumptions - 5,105,000 - (696,000) Benefit payments, including refunds of member contributions (4,280,000) (4,076,000) (4,186,000) (4,185,000) Net change in total OPEB liability 1,873,000 5,899,000 1,485,000 (11,892,000) Total OPEB liability - beginning 78,928,000 73,029,000 71,544,000 83,436,000 Total OPEB liability - ending (a) 80,801,000$ 78,928,000 $ 73,029,000 $ 71,544,000 $ OPEB fiduciary net position
Contributions - employer 4,286,000 $ 4,081,000 $ 3,993,000 $ 4,210,000 $ Net investment income (loss) 6,583,000 3,617,000 (8,739,000) 14,078,000 Benefit payments, including refunds of member contributions (4,280,000) (4,076,000) (4,186,000) (4,185,000) Administrative expense (26,000) (21,000) (25,000) (19,000) Net change in plan fiduciary net position 6,563,000 3,601,000 (8,957,000) 14,084,000 Plan fiduciary net position - beginning 59,936,000 56,335,000 65,292,000 51,208,000 Plan fiduciary net position - ending (b) 66,499,000 59,936,000 56,335,000 65,292,000 Plan net OPEB liability (asset) - ending (a) - (b) 14,302,000$ 18,992,000 $ 16,694,000 $ 6,252,000 $ Plan fiduciary net position as a percentage of
the total OPEB liability (asset) 82.30% 75.94% 77.14% 91.26% Covered-employee payroll 51,890,000$ 49,782,000 $ 45,835,000 $ 44,216,000 $

27.56% 38.15% 36.42% 14.14%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Changes in Net OPEB Liability and Related Ratios For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Plan net OPEB liability (asset) as a percentage of covered-employee payroll
1 Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

City of Pleasanton Retiree Healthcare Plan - Agent Multiple-Employer Plan 154

Measurement period, year ending: June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Total OPEB liability
Service cost 1,433,000 $ 1,779,000 $ 1,727,000 $ 1,677,000 $ Interest 5,500,000 6,193,000 5,939,000 5,673,000 Differences between expected and actual experience - (12,135,000) - - Changes of assumptions (1,419,000) (1,540,000) - - Benefit payments, including refunds of member contributions (4,254,000) (4,201,000) (3,670,000) (3,285,000) Net change in total OPEB liability 1,260,000 (9,904,000) 3,996,000 4,065,000 Total OPEB liability - beginning 82,176,000 92,080,000 88,084,000 84,019,000 Total OPEB liability - ending (a) 83,436,000$ 82,176,000 $ 92,080,000 $ 88,084,000 $ OPEB fiduciary net position
Contributions - employer 5,413,000 $ 5,521,000 $ 4,800,000 $ 5,898,000 $ Net investment income (loss) 1,798,000 2,753,000 3,211,000 3,662,000 Benefit payments, including refunds of member contributions (4,254,000) (4,201,000) (3,670,000) (3,285,000) Administrative expense (24,000) (9,000) (75,000) (19,000) Net change in plan fiduciary net position 2,933,000 4,064,000 4,266,000 6,256,000 Plan fiduciary net position - beginning 48,275,000 44,211,000 39,945,000 33,689,000 Plan fiduciary net position - ending (b) 51,208,000 48,275,000 44,211,000 39,945,000 Plan net OPEB liability (asset) - ending (a) - (b) 32,228,000$ 33,901,000 $ 47,869,000 $ 48,139,000 $ Plan fiduciary net position as a percentage of
the total OPEB liability (asset) 61.37% 58.75% 48.01% 45.35% Covered employee payroll 42,264,000$ 40,367,000 $ 39,630,000 $ 37,661,000 $

76.25% 83.98% 120.79% 127.82%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Changes in Net OPEB Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years1
1 Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

City of Pleasanton Retiree Healthcare Plan - Agent Multiple-Employer Plan (Continued) Plan net OPEB liability (asset) as a percentage of covered-employee payroll
155

Measurement date June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Total OPEB liability
Service cost 747,000 $ 664,000 $ 672,000 $ 748,000 $ Interest 2,234,000 2,112,000 2,038,000 2,610,000 Differences between expected and actual experience - (1,376,000) - (8,077,000) Changes of assumptions - 2,064,000 - 272,000 Benefit payments, including refunds of member contributions (1,669,000) (1,517,000) (1,547,000) (1,544,000) Net change in total OPEB liability 1,312,000 1,947,000 1,163,000 (5,991,000) Total OPEB liability - beginning 35,817,000 33,870,000 32,707,000 38,698,000 Total OPEB liability - ending (a) 37,129,000$ 35,817,000 $ 33,870,000 $ 32,707,000 $ OPEB fiduciary net position
Contributions - employer 1,095,000 $ 1,519,000 $ 1,915,000 $ 2,021,000 $ Net investment income (loss) 2,990,000 1,650,000 (3,924,000) 6,222,000 Benefit payments, including refunds of member contributions (1,669,000) (1,517,000) (1,547,000) (1,544,000) Administrative expense (11,000) (9,000) (9,000) (9,000) Net change in plan fiduciary net position 2,405,000 1,643,000 (3,565,000) 6,690,000 Plan fiduciary net position - beginning 27,346,000 25,703,000 29,268,000 22,578,000 Plan fiduciary net position - ending (b) 29,751,000 27,346,000 25,703,000 29,268,000 Plan net OPEB liability (asset) - ending (a) - (b) 7,378,000$ 8,471,000 $ 8,167,000 $ 3,439,000 $ City Share (50%) 3,689,000$ 4,235,500 $ 4,083,500 $ 1,719,500 $ Plan fiduciary net position as a percentage of
the total OPEB liability (asset) 80.13% 76.35% 75.89% 89.49% Covered-employee payroll 26,808,000$ 26,519,000 $ 24,605,000 $ 23,584,000 $

27.52% 31.94% 33.19% 14.58%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Changes in Net OPEB Liability and Related Ratios 1 Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

Livermore Pleasanton Fire Department Retiree Healthcare Plan - Agent Multiple-Employer Plan For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Plan net OPEB liability (asset) as a percentage of covered-employee payroll
156

Measurement date June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Total OPEB liability
Service cost 738,000 $ 819,000 $ 795,000 $ 772,000 $ Interest 2,535,000 2,525,000 2,405,000 2,281,000 Differences between expected and actual experience - (2,710,000) - - Changes of assumptions (602,000) 1,151,000 - - Benefit payments, including refunds of member contributions (1,570,000) (1,544,000) (1,341,000) (1,160,000) Net change in total OPEB liability 1,101,000 241,000 1,859,000 1,893,000 Total OPEB liability - beginning 37,597,000 37,356,000 35,497,000 33,604,000 Total OPEB liability - ending (a) 38,698,000$ 37,597,000 $ 37,356,000 $ 35,497,000 $ OPEB fiduciary net position
Contributions - employer 2,241,000 $ 2,298,000 $ 2,110,000 $ 2,379,000 $ Net investment income (loss) 798,000 1,198,000 1,378,000 1,555,000 Benefit payments, including refunds of member contributions (1,570,000) (1,544,000) (1,341,000) (1,160,000) Administrative expense (10,000) (4,000) (32,000) (8,000) Net change in plan fiduciary net position 1,459,000 1,948,000 2,115,000 2,766,000 Plan fiduciary net position - beginning 21,119,000 19,171,000 17,056,000 14,290,000 Plan fiduciary net position - ending (b) 22,578,000 21,119,000 19,171,000 17,056,000 Plan net OPEB liability (asset) - ending (a) - (b) 16,120,000$ 16,478,000 $ 18,185,000 $ 18,441,000 $ City Share (50%) 8,060,000$ 8,239,000 9,092,500 9,220,500 Plan fiduciary net position as a percentage of
the total OPEB liability (asset) 58.34% 56.17% 51.32% 48.05% Covered-employee payroll 22,179,000$ 21,990,000 $ 21,285,000 $ 19,761,000 $

72.68% 74.93% 85.44% 93.32%
City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of Changes in Net OPEB Liability and Related Ratios (Continued) 1 Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

Livermore Pleasanton Fire Department Retiree Healthcare Plan - Agent Multiple-Employer Plan (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Plan net OPEB liability (asset) as a percentage of covered-employee payroll
157

Fiscal year 2025 2024 2023 2022 2021
Actuarially determined contribution 2,992,000 $ 2,529,000 $ 2,421,000 $ 4,066,000 $ 3,991,000 $ Contributions in relation to the actuarially
determined contribution (4,682,000) (4,286,000) (4,081,000) (3,993,000) (4,210,000) Contribution deficiency (excess) (1,690,000) $ (1,757,000) $ (1,660,000) $ 73,000 $ (219,000) $ Covered-employee payroll 51,746,000 $ 51,890,000 $ 49,782,000 $ 45,835,000 $ 44,216,000 $ Contributions as a percentage of covered-employee
payroll 9.05% 8.26% 8.20% 8.71% 9.52%
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Valuation Date June 30, 2023
Actuarial cost method Entry Age Normal, Level % of pay
Amortization method Level % of pay
Amortization Period 14.2-year fixed period for 2024/25
Asset valuation method Market value
Discount Rate 6.25%
General Inflation 2.50%
Medical Trend
Mortality
Mortality Improvement
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
City of Pleasanton Retiree Healthcare Plan - Agent Multiple-Employer Plan City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of OPEB Contributions
The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2023 funding valuation report.

Based on CalPERS 2000-2019 Experience Study
Mortality projected fully generational with Scale MP-2021 Non-Medicare - 8.50% for 2025, decreasing to an ultimate rate of

3.45% in 2076
Medicare (Non-Kaiser) -7.50% for 2025, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Kaiser) - 6.25% for 2025, decreasing to an ultimate rate of

3.45% in 2076
1Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementa tion. Future years' information will be displayed up to 10 years as information becomes available. 158

Fiscal year 2020 2019 2018
Actuarially determined contribution 5,480,000 $ 5,368,000 $ 4,971,000 $ Contributions in relation to the actuarially
determined contribution (5,413,000) (5,521,000) (4,800,000) Contribution deficiency (excess) 67,000 $ (153,000) $ 171,000 $ Covered-employee payroll 42,264,000 $ 40,367,000 $ 39,630,000 $ Contributions as a percentage of covered-employee
payroll 12.81% 13.68% 12.11%
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
City of Pleasanton Retiree Healthcare Plan - Agent Multiple-Employer Plan (Continued) City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of OPEB Contributions (Continued)
159

Fiscal year 2025 2024 2023 2022 2021
Actuarially determined contribution 1,564,000 $ 1,308,000 $ 1,258,000 $ 2,078,000 $ 2,032,000 $ Contributions in relation to the actuarially
determined contribution (City of Livermore's Share) (858,000) (547,500) (759,500) (957,500) (1,010,500) Contributions in relation to the actuarially
Share's Share) (858,000) (547,500) (759,500) (957,500) (1,010,500) Contribution deficiency (excess) (152,000) $ 213,000 $ (261,000) $ 163,000 $ (1,010,500) $ Covered-employee payroll 27,764,000 $ 26,808,000 $ 26,519,000 $ 24,605,000 $ 23,584,000 $ Contributions as a percentage of covered-employee
payroll -6.18% -4.08% -5.73% -7.78% -8.57%
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Valuation Date June 30, 2023
Actuarial cost method Entry Age Normal, Level % of pay
Amortization method Level % of pay
Amortization Period 14.2-year fixed period for 2024/25
Asset valuation method Market value
Discount Rate 6.25%
General Inflation 2.50%
Medical Trend
Mortality
Mortality Improvement
Last Ten Fiscal Years
1 City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of OPEB Contributions
For the Year Ended June 30, 2025
Livermore Pleasanton Fire Department Retiree Healthcare Plan - Agent Multiple-Employer Plan The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2023 funding valuation report.

Non-Medicare - 8.50% for 2025, decreasing to an ultimate rate of

3.45% in 2076
Medicare (Non-Kaiser) - 7.50% for 2025, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Kaiser) - 6.25% for 2025, decreasing to an ultimate rate of

3.45% in 2076
Based on CalPERS 2000-2019 Experience Study
Mortality projected fully generational with Scale MP-2021 1Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementa tion. Future years' information will be displayed up to 10 years as information becomes available. 160

Fiscal year 2020 2019 2018
Actuarially determined contribution 2,267,000 $ 2,216,000 $ 2,143,000 $ Contributions in relation to the actuarially
determined contribution (City of Livermore's Share) (1,120,500) (1,149,000) (1,055,000) Contributions in relation to the actuarially
Share's Share) (1,120,500) (1,149,000) (1,055,000) Contribution deficiency (excess) (1,120,500) $ (82,000) $ 33,000 $ Covered-employee payroll 22,179,000 $ 21,990,000 $ 21,285,000 $ Contributions as a percentage of covered-employee
payroll -10.10% -10.45% -9.91%
For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Livermore Pleasanton Fire Department Retiree Healthcare Plan - Agent Multiple-Employer Plan (Continued) City of Pleasanton
Required Supplementary Information (Unaudited)
Schedule of OPEB Contributions (Continued)
161

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162

SUPPLEMENTARY INFORMATION
163

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164

NONMAJOR GOVERNMENTAL FUNDS
Central Business District ("CBD") Parking In-Lieu - This fund accounts for fees collected from developers in the downtown area in lieu of providing required parking. The City will use this money to build downtown parking structures in the future.

The Drug Abuse Resistance Education ("D.A.R.E.") Trust - This fund accounts for private donations made to specifically enhance the City's D.A.R.E. program.

Landscape Maintenance North Pleasanton Improvement District (N.P.I.D.) - This fund accounts for the portion of the N.P.I.D. #3 funds that have been designated for the temporary maintenance of freeway on-ramps landscape.

Asset Forfeiture - This fund accounts for the proceeds from assets forfeited as a result of investigations of criminal offenses, generally narcotics related. In accordance with the Health and Safety Code Section 11489, the funds must be used for law enforcement and prosecution efforts.

Resource Management - This fund accounts for Measure D revenues from Alameda County as well as other mitigation revenues.

The City has developed a variety of recycling programs in accordance with state and county requirements.

Miscellaneous Donations - This fund is used to account for donations made to the City for equipment or to enhance services in accordance with the donor's requests.

Landscape and Lighting Districts - Residents of five different subdivisions (Ponderosa 84-1, Windsor 93-1, Bond 93-2, Moller 95- 1 and Oak Tree Farms 94-1) participate in landscape maintenance districts that pay to maintain and repair designated landscaped and open space areas. It is administered by the City but paid for by the homeowners through annual assessments placed on their property tax bills.

SPECIAL REVENUE FUNDS
Special Revenue Funds account for the proceeds of specific revenue sources that are restricted, assigned or committed to expenditure for specified purposes other than debt service or capital projects.

Library Trust - This fund was established in FY 2000/01 to account for donations made to the library. Funds will be expended for equipment and enhanced services in accordance with donor's requests.

Geologic Hazard Assessment Districts - Residents of four different subdivisions (Lemoine, Laurel Creek, Moller and Oak Tree Farm) participate in assessment districts that will pay for any landslide repairs and related geologic work. It is administered by the City but paid for by the homeowners through annual assessments placed on their property tax bills.

HOME Program - The HOME Investment Partnerships Program (HOME) is funded through a federal grant from the U.S.

Department of Housing and Urban Development. The City receives its annual formula allocation and the funds must be used for housing projects that benefit lower income persons.

Abandoned Vehicle - The City receives funds from a vehicle registration surcharge for abatement of abandoned vehicles. The funds are used to cover the costs associated with the handling of abandoned vehicles.

Urban Forestry Program - This fund was created to promote conservation and public education in regard to Pleasanton's street trees, park trees and trees on private property. Revenue sources include donations and fines assessed for damaging heritage trees.

Measure B Transportation Improvements - This fund accounts for moneys received from voter-approved Measure B which is to be used for street construction, repair, and maintenance and for bicycle and pedestrian safety projects.

Gas Tax - The City receives its share of gas tax from the State and uses the funds to construct, reconstruct and maintain streets throughout the City as designated in the annual capital improvement program. 165

SPECIAL REVENUE FUNDS (CONTINUED)
Measure F Vehicle Registration Fees - This fund accounts for moneys received from voter approved Measure F which is to be used for repair and maintenance of local streets and roads and the improvement of traffic flow, public transportation, and bicyclist, pedestrian, and driver safety.

Community Development Block Grant - The Community Development Block Grant (CDBG) program is funded through a federal grant from the U.S. Department of Housing and Urban Development. CDBG funds must be used for projects and activities that benefit at least 70 percent lower income persons. Eligible projects include capital improvements, housing rehabilitation, public services, and economic development activities.

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
Community Access Television - Under City Ordinance No. 2013, Section 6.54.060 of the Pleasanton Municipal Code, the City collects one percent (1%) of gross revenues from Cable Operators to support PEG (public, educational and governmental) channel facilities. This fund accounts for collection of PEG revenues and the capital expenditures related to PEG channel facilities.

Pleasanton Garbage Service Rate Reserve - This fund accounts for the Rate Reserve Calculation proceeds received from Pleasanton Garbage Services (PGS) during FY 2019/20, as per the Rate Reserve Agreement, dated March 20, 2018, between the City and PGS. The funds will be allocated to future projects at a later date.

Downtown Economic Loan - This fund was established in FY 1995/96 to provide design and other assistance to downtown merchants to improve their facades. Proposed expenditures in the future will be loans to merchants.

Business Support Program - This fund accounts for the loans provided to independently or locally owned micro-enterprises, restaurants and retail businesses located in Pleasanton to assist them in remaining solvent during the COVID-19 emergency.

Marilyn Murphy Kane Trail Reserve - This fund accounts for the unspent portion of a donation received for the construction of the Marilyn Murphy Kane Trail. The remaining funds will be spent on design and construction services to install additional trees along the Marilyn Murphy Kane Trail on the City's Bernal property.

Measure BB Transportation Improvements - This fund accounts for moneys received from voter-approved Measure BB which is to be used for transportation priorities that includes streets and roads improvements, bicycle/pedestrian enhancements, and transit related projects.

AB1379 CASp Certification and Training - This fund accounts for the fees collected from business license applicants as mandated by Assembly Bill No. 1379 and are to be used for increased certified access specialist (CASp) training and certification within the City and to facilitate compliance with construction-related accessibility requirements.

HBPOA Maintenance District - This fund receives revenue from the Hacienda Business Park Owners Association to maintain the traffic signals within their business park. The City administers the maintenance contracts.

Specific Plans - Under Government Code Section 65450-65457, the City has established specific plans to develop policies, programs, and regulations for implementing its general plan in site-specific areas. Fees collected under these plans for the construction of infrastructure in these specific areas of the City are accounted for in this fund. This fund currently consists of the Happy Valley Specific Plan, the Vineyard Avenue Corridor Specific Plan, and the Stoneridge Drive Specific Plan.

Johnson Drive Economic Development Zone - This fund was established in FY 2022/23 for transportation related projects within the Johnson Drive Economic Development Zone (JDEDZ). Funding for these projects will come from fees collected from future developers at the time they pull permits to develop their property within the JDEDZ.

Opioid Settlements - This fund accounts for proceeds received from the State of California Opioid settlement and bankruptcy lawsuits. Moneys received are to be used for opioid remediation activities.

PFAS Settlements - This fund accounts for proceeds received from chemical manufacturers through a settlement lawsuit for contaminating drinking water with per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals.” Funds received are to be used to cover costs related to testing, treatment, remediation, and infrastructure upgrade. 166

Tri-Valley Transportation - The City, as a member of the Tri-Valley Transportation Council, collects a fee from developers to finance projects to reduce traffic related impacts caused by future developments.

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)

CAPITAL PROJECTS FUNDS
Capital Projects Funds account for financial resources to be used for the acquisition or construction of major capital facilities other than those financed by Proprietary and Special Revenue Funds.

CIP for Downtown and North Pleasanton - This fund was set up in FY 2007/08 to account for the purchase of land and to construct parking facilities and other improvements in the Downtown Area and in North Pleasanton.

Public Facilities - This fund receives revenues from developers of properties. The moneys are used for the purchase of equipment or construction of facilities related to the new property development as adopted in the annual miscellaneous capital improvement program.

Park Development - This fund receives revenues from developers of properties and the funds may only be used for the design, development, and construction of new parks within the City.

Park Capital Improvement Program - This fund is used to account for the construction, reconstruction, and maintenance of City parks as adopted in the annual parks capital improvement program.

Street Capital Improvement Program - This fund receives contributions from the General Fund to be used for the construction, reconstruction and maintenance of City streets as adopted in the annual streets capital improvement program.

Traffic Impact - This fund receives revenues from developers of commercial and residential properties. The funds may only be used for traffic and street improvements.

Budgeted Developer Projects - This fund receives revenue from developers for specific capital improvement projects.

Assessment District Construction - This fund includes the construction funds of Assessment District NPID 1 and Assessment District Stoneridge Business Center. Projects funded by this fund include street and intersection improvements.

Miscellaneous Capital Improvement Programs Fund - is a capital projects fund that receives contributions from the General Fund to be used for design and construction of facilities and infrastructure as adopted in the annual miscellaneous capital improvement program.
167

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.
168

Asset CBD Parking Resource
D.A.R.E. Trust Forfeiture In-Lieu Management
ASSETS
Pooled cash and investments 18,609 $ 33,117 $ 743,368 $ 426,612 $ Receivables:

Accounts - - - 52,868 Taxes - - - - Notes and loans - - - - Accrued interest 103 183 4,117 1,649 Total assets 18,712$ 33,300 $ 747,485 $ 481,129 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - $ - $ - $ 53,076$ Accrued liabilities - - - 3,933 Unearned revenues - - - 79,936 Due to other funds - - - - Advances from other funds - - - - Total liabilities - - - 136,945 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 18,712 33,300 - 344,184 Committed - - - - Assigned - - 747,485 - Total fund balances 18,712 33,300 747,485 344,184 Total liabilities, deferred inflows of
resources and fund balances 18,712$ 33,300 $ 747,485 $ 481,129 $ (Continued)
Special Revenue Funds
City of Pleasanton
Combining Balance Sheet
June 30, 2025
Nonmajor Governmental Funds
169

Geologic
Landscape Landscape Hazard
Miscellaneous and Lighting Maintenance Assessment
Donations Districts N.P.I.D. Districts
ASSETS
Pooled cash and investments 466,818 $ 471,489 $ 1,125,424 $ 1,291,127 $ Receivables:

Accounts 35,356 807 - 311 Taxes - - - - Notes and loans - - 7,225 - Accrued interest 824 2,649 6,202 7,755 Total assets 502,998$ 474,945 $ 1,138,851 $ 1,299,193 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - $ 31,541$ 126 $ 46,443 $ Accrued liabilities - - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities - 31,541 126 46,443 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 502,998 443,404 1,138,725 1,252,750 Committed - - - - Assigned - - - - Total fund balances 502,998 443,404 1,138,725 1,252,750 Total liabilities, deferred inflows of
resources and fund balances 502,998$ 474,945 $ 1,138,851 $ 1,299,193 $ (Continued)
Special Revenue Funds
City of Pleasanton
Combining Balance Sheet (Continued)
June 30, 2025
Nonmajor Governmental Funds
170

Measure B
Transportation HOME Abandoned
Improvements Gas Tax Program Vehicle
ASSETS
Pooled cash and investments 237,399 $ 7,046,965 $ - $ 124,041$ Receivables:

Accounts - - 102,082 - Taxes - 370,539 - - Notes and loans - - 881,560 - Accrued interest 1,321 38,302 211,039 876 Total assets 238,720$ 7,455,806 $ 1,194,681 $ 124,917 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - $ 841,066$ 13,172 $ - $ Accrued liabilities - - 104 - Unearned revenues - - - - Due to other funds - - 90,009 - Advances from other funds - - - - Total liabilities - 841,066 103,285 - Deferred inflows of resources:

Unavailable revenues - - 102,082 - Total deferred inflows of resources - - 102,082 - Fund balances:

Restricted 238,720 6,614,740 989,314 124,917 Committed - - - - Assigned - - - - Total fund balances 238,720 6,614,740 989,314 124,917 Total liabilities, deferred inflows of
resources and fund balances 238,720$ 7,455,806 $ 1,092,599 $ 124,917 $ (Continued)
Special Revenue Funds
City of Pleasanton
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
June 30, 2025
171

HBPOA Community
Urban Forestry Library Maintenance Development
Program Trust District Block Grant
ASSETS
Pooled cash and investments 1,601,080 $ 59,325 $ - $ - $ Receivables:

Accounts - - 50,777 130,280 Taxes - - - - Notes and loans - - - 354,883 Accrued interest 8,062 - - 170,862 Total assets 1,609,142$ 59,325 $ 50,777 $ 656,025 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 3,042 $ - $ 9,882$ 26,640 $ Accrued liabilities - - - 1,039 Unearned revenues - - - - Due to other funds - - 40,895 102,533 Advances from other funds - - - - Total liabilities 3,042 - 50,777 130,212 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 1,606,100 59,325 - 525,813 Committed - - - - Assigned - - - - Total fund balances 1,606,100 59,325 - 525,813 Total liabilities, deferred inflows of
resources and fund balances 1,609,142$ 59,325 $ 50,777 $ 656,025 $ (Continued)
Special Revenue Funds
Nonmajor Governmental Funds
City of Pleasanton
Combining Balance Sheet (Continued)
June 30, 2025
172

Community Marilyn Murphy
Downtown Access Kane Trail
Economic Loan Television Reserve Specific Plans
ASSETS
Pooled cash and investments 30,421 $ 1,708,367 $ 120,494 $ 882,132 $ Receivables:

Accounts - 39,324 - - Taxes - 10,400 - - Notes and loans - - - - Accrued interest 168 9,355 667 4,895 Total assets 30,589$ 1,767,446 $ 121,161 $ 887,027 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - $ - $ - $ - $ Accrued liabilities - - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities - - - - Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted - 1,767,446 121,161 887,027 Committed - - - - Assigned 30,589 - - - Total fund balances 30,589 1,767,446 121,161 887,027 Total liabilities, deferred inflows of
resources and fund balances 30,589$ 1,767,446 $ 121,161 $ 887,027 $ (Continued)
Special Revenue Funds
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
173

Measure F
Vehicle Measure BB AB1379 CASp Business
Registration Transportation Certification and Support
Fees Improvements Training Program
ASSETS
Pooled cash and investments 376,726 $ 4,127,451 $ 166,990 $ 1,751,716 $ Receivables:

Accounts 62,180 - - 130,163 Taxes - 415,003 - - Notes and loans - - - 272,617 Accrued interest 1,833 21,041 918 11,472 Total assets 440,739$ 4,563,495 $ 167,908 $ 2,165,968 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 39,991 $ 304,465 $ 10 $ - $ Accrued liabilities - - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities 39,991 304,465 10 - Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 400,748 4,259,030 167,898 Committed - - - 2,165,968 Assigned - - - - Total fund balances 400,748 4,259,030 167,898 2,165,968 Total liabilities, deferred inflows of
resources and fund balances 440,739$ 4,563,495 $ 167,908 $ 2,165,968 $ (Continued)
Special Revenue Funds
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
174

Johnson Drive
Pleasanton Economic
Garbage Service Development Opioid PFAS
Rate Reserve Zone Settlements Settlements Fund
ASSETS
Pooled cash and investments 4,556,100 $ 1,028,496 $ 462,436 $ 579,450 $ Receivables:

Accounts 152,450 - - - Taxes - - - - Notes and loans - - - - Accrued interest 26,251 5,696 2,550 632 Total assets 4,734,801$ 1,034,192 $ 464,986 $ 580,082 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 12,695 $ - $ - $ - $ Accrued liabilities 2,168 - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities 14,863 - - - Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 4,719,938 1,034,192 464,986 580,082 Committed - - - - Assigned - - - - Total fund balances 4,719,938 1,034,192 464,986 580,082 Total liabilities, deferred inflows of
resources and fund balances 4,734,801$ 1,034,192 $ 464,986 $ 580,082 $ (Continued)
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
Special Revenue Funds
175

CIP for
Downtown and Park Capital
North Park Improvement
Pleasanton Public Facilities Development Program
ASSETS
Pooled cash and investments 3,524,084 $ 3,354,667 $ 9,977,098 $ 4,366,708 $ Receivables:

Accounts - - - 100,000 Taxes - - - - Notes and loans 353,549 - - - Accrued interest 19,453 11,981 47,580 17,111 Total assets 3,897,086$ 3,366,648 $ 10,024,678 $ 4,483,819 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - $ 5,084$ 164,732 $ 57,535 $ Accrued liabilities - - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - 175,664 Total liabilities - 5,084 164,732 233,199 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted - 3,361,564 9,859,946 - Committed 3,897,086 - - - Assigned - - - 4,250,620 Total fund balances 3,897,086 3,361,564 9,859,946 4,250,620 Total liabilities, deferred inflows of
resources and fund balances 3,897,086$ 3,366,648 $ 10,024,678 $ 4,483,819 $ (Continued)
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
Capital Projects Funds
176

Street Capital Budgeted Assessment
Improvement Developer District
Program Traffic Impact Projects Construction
ASSETS
Pooled cash and investments 11,100,890 $ 8,507,074 $ 8,247,925 $ 373,065 $ Receivables:

Accounts 24,086 - - - Taxes - - - - Notes and loans - - - - Accrued interest 43,195 43,919 45,129 4,128 Total assets 11,168,171$ 8,550,993 $ 8,293,054 $ 377,193 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 325,774 $ 677,853 $ - $ 73,082$ Accrued liabilities - - - - Unearned revenues - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities 325,774 677,853 - 73,082 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted - 7,873,140 8,293,054 304,111 Committed - - - - Assigned 10,842,397 - - - Total fund balances 10,842,397 7,873,140 8,293,054 304,111 Total liabilities, deferred inflows of
resources and fund balances 11,168,171$ 8,550,993 $ 8,293,054 $ 377,193 $ (Continued)
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
Capital Projects Funds
177

Miscellaneous Total
Capital Nonmajor
Tri-Valley Improvement Governmental
Transportation Programs Fund Funds
ASSETS
Pooled cash and investments 2,666,551 $ 15,356,362 $ 96,910,577 $ Receivables:

Accounts - - 880,684 Taxes - - 795,942 Notes and loans - - 1,869,834 Accrued interest 13,132 150,005 935,055 Total assets 2,679,683$ 15,506,367 $ 101,392,092 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable -$ 113,165$ 2,799,374 $ Accrued liabilities - - 7,244 Unearned revenues - - 79,936 Due to other funds - - 233,437 Advances from other funds - - 175,664 Total liabilities - 113,165 3,295,655 Deferred inflows of resources:

Unavailable revenues - - 102,082 Total deferred inflows of resources - - 102,082 Fund balances:

Restricted 2,679,683 - 60,667,008 Committed - - 6,063,054 Assigned - 15,393,202 31,264,293 Total fund balances 2,679,683 15,393,202 97,994,355 Total liabilities, deferred inflows of
resources and fund balances 2,679,683$ 15,506,367 $ 101,392,092 $ (Concluded)
Capital Projects Funds
City of Pleasanton
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
178

Asset CBD Parking Resource
D.A.R.E. Trust Forfeiture In-Lieu Management
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - 2,571 - 259,162 Use of money and property 941 1,556 37,605 17,354 Franchise tax - - - - Fines and forfeitures - - - - Development fees - - - - Contributions - - - - Miscellaneous - - - 184 Total revenues 941 4,127 37,605 276,700 EXPENDITURES:

Current:

General government - - - 410,533 Public safety - - - - Community development - - - - Public works - - - - Community activities - - - 30,227 Capital outlay - - - 63,273 Debt service:

Principal retirement - - - 31,713 Interest and fiscal charges - - - 751 Total expenditures - - - 536,497

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 941 4,127 37,605 (259,797) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - - Inception of lease and subscription liability - - - 63,273 Total other financing sources (uses) - - - 63,273 NET CHANGES IN FUND BALANCES 941 4,127 37,605 (196,524) FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 17,771 29,173 709,880 540,708 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 17,771 29,173 709,880 540,708 End of year 18,712 $ 33,300 $ 747,485 $ 344,184 $ (Continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances City of Pleasanton
Nonmajor Governmental Funds
Special Revenue Funds
For the Year Ended June 30, 2025
179

Geologic
Landscape Landscape Hazard
Miscellaneous and Lighting Maintenance Assessment
Donations Districts N.P.I.D. Districts
REVENUES:

Assessments - $ 130,948$ - $ 87,371$ Intergovernmental - - - - Use of money and property 5,080 24,684 57,082 74,584 Franchise tax - - - - Fines and forfeitures - - - - Development fees - - - - Contributions 88,057 - - - Miscellaneous - 12,680 - 1,352 Total revenues 93,137 168,312 57,082 163,307 EXPENDITURES:

Current:

General government - - - - Public safety 577 - - - Community development - - - - Public works - 160,775 9,230 299,976 Community activities 4,394 - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 4,971 160,775 9,230 299,976

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 88,166 7,537 47,852 (136,669) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out (30,022) - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) (30,022) - - - NET CHANGES IN FUND BALANCES 58,144 7,537 47,852 (136,669) FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 444,854 435,867 1,090,873 1,389,419 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 444,854 435,867 1,090,873 1,389,419 End of year 502,998 $ 443,404 $ 1,138,725 $ 1,252,750 $ (Continued)
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
Special Revenue Funds
For the Year Ended June 30, 2025
180

Measure B
Transportation HOME Abandoned
Improvements Gas Tax Program Vehicle
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - 3,975,375 372,355 34,114 Use of money and property 21,984 399,882 19,227 6,993 Franchise tax - - - - Fines and forfeitures - - - - Development fees - - - - Contributions - - - - Miscellaneous - - 7 - Total revenues 21,984 4,375,257 391,589 41,107 EXPENDITURES:

Current:

General government - - - - Public safety - - - 34,114 Community development - - 415,169 - Public works - 7,500 - - Community activities - - - - Capital outlay 184,047 5,590,839 - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 184,047 5,598,339 415,169 34,114

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (162,063) (1,223,082) (23,580) 6,993 OTHER FINANCING SOURCES (USES):

Transfers in - - 260,000 - Transfers out - - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) - - 260,000 - NET CHANGES IN FUND BALANCES (162,063) (1,223,082) 236,420 6,993 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 400,783 7,837,822 752,894 117,924 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 400,783 7,837,822 752,894 117,924 End of year 238,720 $ 6,614,740 $ 989,314 $ 124,917 $ (Continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
City of Pleasanton
Special Revenue Funds
For the Year Ended June 30, 2025
181

HBPOA Community
Urban Forestry Library Maintenance Development
Program Trust District Block Grant
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - - - 300,003 Use of money and property 51,888 - - 3,360 Franchise tax
Fines and forfeitures 12,972 - - - Development fees - - - - Contributions 597,460 - - - Miscellaneous 520 - 228,843 42,107 Total revenues 662,840 - 228,843 345,470 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - - 276,200 Public works 18,943 - 228,843 - Community activities - - - - Capital outlay 80,406 - - - Debt service:

Principal retirement - - - 50,000 Interest and fiscal charges - - - 15,843 Total expenditures 99,349 - 228,843 342,043

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 563,491 - - 3,427 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out (25,000) - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) (25,000) - - - NET CHANGES IN FUND BALANCES 538,491 - - 3,427 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 1,067,609 59,325 - 522,386 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 1,067,609 59,325 - 522,386 End of year 1,606,100 $ 59,325 $ - $ 525,813$ (Continued)
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
Special Revenue Funds
For the Year Ended June 30, 2025
182

Community Marilyn Murphy
Downtown Access Kane Trail
Economic Loan Television Reserve Specific Plans
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - - - - Use of money and property 1,539 80,999 6,095 44,794 Franchise tax
Fines and forfeitures - - - - Development fees - - - - Contributions - - - - Miscellaneous - 198,352 - - Total revenues 1,539 279,351 6,095 44,794 EXPENDITURES:

Current:

General government - 48,399 - - Public safety - - - - Community development - - - - Public works - - - - Community activities - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures - 48,399 - -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,539 230,952 6,095 44,794 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - (1,782) Inception of lease and subscription liability - - - - Total other financing sources (uses) - - - (1,782) NET CHANGES IN FUND BALANCES 1,539 230,952 6,095 43,012 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 29,050 1,536,494 115,066 844,015 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 29,050 1,536,494 115,066 844,015 End of year 30,589 $ 1,767,446 $ 121,161 $ 887,027 $ (Continued)
Nonmajor Governmental Funds
Special Revenue Funds
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) 183

Measure F
Vehicle Measure BB AB1379 CASp Business
Registration Transportation Certification and Support
Fees Improvements Training Program
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental 360,131 2,365,523 - - Use of money and property 35,440 306,040 7,242 103,581 Franchise tax - - - - Fines and forfeitures - - - - Development fees - - - - Contributions - - - - Miscellaneous - - 30,202 - Total revenues 395,571 2,671,563 37,444 103,581 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - 2,928 - Public works - - - - Community activities - - - - Capital outlay 799,823 4,582,082 - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 799,823 4,582,082 2,928 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (404,252) (1,910,519) 34,516 103,581 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - (350,000) Inception of lease and subscription liability - - - - Total other financing sources (uses) - - - (350,000) NET CHANGES IN FUND BALANCES (404,252) (1,910,519) 34,516 (246,419) FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 805,000 6,169,549 133,382 2,412,387 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 805,000 6,169,549 133,382 2,412,387 End of year 400,748 $ 4,259,030 $ 167,898 $ 2,165,968 $ (Continued)
Special Revenue Funds
City of Pleasanton
For the Year Ended June 30, 2025
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) 184

Johnson Drive
Pleasanton Economic
Garbage Service Development Opioid PFAS
Rate Reserve Zone Settlements Settlements Fund
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - - 340,401 - Use of money and property 215,790 52,029 7,928 - Franchise tax 500,000 - - - Fines and forfeitures - - - - Development fees - - - - Contributions - - - - Miscellaneous 1,541,107 - - 580,082 Total revenues 2,256,897 52,029 348,329 580,082 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - - - Public works 420,290 - - - Community activities - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 420,290 - - -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,836,607 52,029 348,329 580,082 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out (1,193,760) - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) (1,193,760) - - - NET CHANGES IN FUND BALANCES 642,847 52,029 348,329 580,082 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 4,077,091 982,163 116,657 - Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 4,077,091 982,163 116,657 - End of year 4,719,938 $ 1,034,192 $ 464,986 $ 580,082 $ (Continued)
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
Special Revenue Funds
185

CIP for
Downtown and Park Capital
North Park Improvement
Pleasanton Public Facilities Development Program
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - - - - Use of money and property 184,254 54,660 475,228 120,666 Franchise tax - - - - Fines and forfeitures - - - - Development fees - 1,391,806 2,011,934 - Contributions - - - - Miscellaneous - - - 100,000 Total revenues 184,254 1,446,466 2,487,162 220,666 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - - - Public works - - - - Community activities - - - - Capital outlay - 78,870 1,512,796 740,429 Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures - 78,870 1,512,796 740,429

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 184,254 1,367,596 974,366 (519,763) OTHER FINANCING SOURCES (USES):

Transfers in - - - 1,330,022 Transfers out - - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) - - - 1,330,022 NET CHANGES IN FUND BALANCES 184,254 1,367,596 974,366 810,259 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 3,712,832 1,993,968 8,885,580 3,440,361 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 3,712,832 1,993,968 8,885,580 3,440,361 End of year 3,897,086 $ 3,361,564 $ 9,859,946 $ 4,250,620 $ (Continued)
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
Capital Projects Funds
186

Street Capital Budgeted Assessment
Improvement Developer District
Program Traffic Impact Projects Construction
REVENUES:

Assessments - $ - $ - $ - $ Intergovernmental - - - - Use of money and property 488,483 551,453 405,574 62,231 Franchise tax - - - - Fines and forfeitures - - - - Development fees - 2,439,766 - - Contributions - - 227,000 - Miscellaneous 60,110 - - - Total revenues 548,593 2,991,219 632,574 62,231 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - - - Public works 2,150 - - 20,922 Community activities - - - - Capital outlay 1,267,700 5,516,056 - 845,776 Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 1,269,850 5,516,056 - 866,698

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (721,257) (2,524,837) 632,574 (804,467) OTHER FINANCING SOURCES (USES):

Transfers in 3,593,760 - - - Transfers out - - - - Inception of lease and subscription liability - - - - Total other financing sources (uses) 3,593,760 - - - NET CHANGES IN FUND BALANCES 2,872,503 (2,524,837) 632,574 (804,467) FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 7,969,894 10,397,977 7,660,480 1,108,578 Change within financial reporting entity
(major to nonmajor) - - - - Beginning of year, as restated (Note 15) 7,969,894 10,397,977 7,660,480 1,108,578 End of year 10,842,397 $ 7,873,140 $ 8,293,054 $ 304,111 $ (Continued)
Capital Projects Funds
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
187

Miscellaneous Total
Capital Nonmajor
Tri-Valley Improvement Governmental
Transportation Programs Fund Funds
REVENUES:

Assessments -$ - $ 218,319$ Intergovernmental - - 8,009,635 Use of money and property 119,145 1,420,161 5,465,552 Franchise tax - - 500,000 Fines and forfeitures - - 12,972 Development fees 327,786 - 6,171,292 Contributions - - 912,517 Miscellaneous - - 2,795,546 Total revenues 446,931 1,420,161 24,085,833 EXPENDITURES:

Current:

General government - - 458,932 Public safety - - 34,691 Community development - - 694,297 Public works - - 1,168,629 Community activities - - 34,621 Capital outlay 74,899 1,994,859 23,331,855 Debt service:

Principal retirement - - 81,713 Interest and fiscal charges - - 16,594 Total expenditures 74,899 1,994,859 25,821,332

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 372,032 (574,698) (1,735,499) OTHER FINANCING SOURCES (USES):

Transfers in - 3,471,578 8,655,360 Transfers out - (15,300,000) (16,900,564) Inception of lease and subscription liability - - 63,273 Total other financing sources (uses) - (11,828,422) (8,181,931) NET CHANGES IN FUND BALANCES 372,032 (12,403,120) (9,917,430) FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 2,307,651 - 80,115,463 Change within financial reporting entity
(major to nonmajor) - 27,796,322 27,796,322 Beginning of year, as restated (Note 15) 2,307,651 27,796,322 107,911,785 End of year 2,679,683$ 15,393,202 $ 97,994,355 $ (Concluded)
City of Pleasanton
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Capital Projects Funds
Nonmajor Governmental Funds
For the Year Ended June 30, 2025
188

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 200 $ 200 $ 941 $ 741 $ Total Revenues 200 200 941 741 NET CHANGE IN FUND BALANCE 200$ 200 $ 941 741 $ FUND BALANCE:

Beginning of year 17,771
End of year 18,712$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual D.A.R.E Trust Special Revenue Fund
For the Year Ended June 30, 2025
189

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental - $ - $ 2,571$ 2,571 $ Use of money and property 100 100 1,556 1,456 Total Revenues 100 100 4,127 4,027 NET CHANGE IN FUND BALANCE 100$ 100 $ 4,127 4,027 $ FUND BALANCE:

Beginning of year 29,173
End of year 33,300$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Asset Forfeiture Special Revenue Fund
For the Year Ended June 30, 2025
190

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 10,000 $ 10,000 $ 37,605 $ 27,605 $ Total Revenues 10,000 10,000 37,605 27,605 NET CHANGE IN FUND BALANCE 10,000$ 10,000 $ 37,605 27,605 $ FUND BALANCE:

Beginning of year 709,880
End of year 747,485$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual CBD Parking In-Lieu Special Revenue Fund
For the Year Ended June 30, 2025
191

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 354,000 $ 354,000 $ 259,162 $ (94,838) $ Use of money and property 15,500 15,500 17,354 1,854 Miscellaneous - - 184 184 Total Revenues 369,500 369,500 276,700 (92,800) EXPENDITURES:

Current:

General government 419,898 645,441 410,533 234,908 Community activities 104,000 104,000 30,227 73,773 Capital outlay - - 63,273 (63,273) Debt service:

Principal retirement - 31,000 31,713 (713) Interest and fiscal charges - - 751 (751) Total Expenditures 523,898 780,441 536,497 243,944

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (154,398) (410,941) (259,797) 151,144

OTHER FINANCING SOURCES
Inception of lease and subscription liability - - 63,273 63,273 Total other financing sources - - 63,273 63,273 NET CHANGE IN FUND BALANCE (154,398)$ (410,941) $ (196,524) 214,417 $ FUND BALANCE:

Beginning of year 540,708
End of year 344,184$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Resource Management Special Revenue Fund
For the Year Ended June 30, 2025
192

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 1,800 $ 1,800 $ 5,080 $ 3,280 $ Contributions 117,000 117,000 88,057 (28,943) Total Revenues 118,800 118,800 93,137 (25,663) EXPENDITURES:

Current:

Public safety 4,000 4,000 577 3,423 Community activities 131,000 131,000 4,394 126,606 Capital outlay 10,000 10,000 - 10,000 Total Expenditures 145,000 145,000 4,971 140,029

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (26,200) (26,200) 88,166 114,366 OTHER FINANCING (USES):

Transfers out - (30,022) (30,022) - Total other financing (uses) - (30,022) (30,022) - NET CHANGE IN FUND BALANCE (26,200)$ (56,222) $ 58,144 114,366 $ FUND BALANCE:

Beginning of year 444,854
End of year 502,998$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Miscellaneous Donations Special Revenue Fund
For the Year Ended June 30, 2025
193

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Assessments 134,011 $ 134,011 $ 130,948 $ (3,063) $ Use of money and property 2,550 2,550 24,684 22,134 Miscellaneous 11,560 11,560 12,680 1,120 Total Revenues 148,121 148,121 168,312 20,191 EXPENDITURES:

Current:

Public works 248,556 248,556 160,775 87,781 Total Expenditures 248,556 248,556 160,775 87,781 NET CHANGE IN FUND BALANCE (100,435)$ (100,435) $ 7,537 107,972 $ FUND BALANCE:

Beginning of year 435,867
End of year 443,404$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Landscape and Lighting Districts Special Revenue Fund
For the Year Ended June 30, 2025
194

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 15,000 $ 15,000 $ 57,082 $ 42,082 $ Miscellaneous 15,534 15,534 - (15,534) Total Revenues 30,534 30,534 57,082 26,548 EXPENDITURES:

Current:

Public works 23,500 23,500 9,230 14,270 Total Expenditures 23,500 23,500 9,230 14,270 NET CHANGE IN FUND BALANCE 7,034$ 7,034 $ 47,852 40,818 $ FUND BALANCE:

Beginning of year 1,090,873
End of year 1,138,725$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Landscape Maintenance N.P.I.D. Special Revenue Fund
For the Year Ended June 30, 2025
195

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Assessments 91,197 $ 91,197 $ 87,371 $ (3,826) $ Use of money and property 17,100 17,100 74,584 57,484 Miscellaneous 1,229 1,229 1,352 123 Total Revenues 109,526 109,526 163,307 53,781 EXPENDITURES:

Current:

Public works 218,557 338,557 299,976 38,581 Total Expenditures 218,557 338,557 299,976 38,581 NET CHANGE IN FUND BALANCE (109,031)$ (229,031) $ (136,669) 92,362 $ FUND BALANCE:

Beginning of year 1,389,419
End of year 1,252,750$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Geologic Hazard Assessment Districts Special Revenue Fund For the Year Ended June 30, 2025
196

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 1,903 $ 1,903 $ 21,984 $ 20,081 $ Total Revenues 1,903 1,903 21,984 20,081 EXPENDITURES:

Capital outlay - 239,219 184,047 55,172 Total Expenditures - 239,219 184,047 55,172 NET CHANGE IN FUND BALANCE 1,903$ (237,316) $ (162,063) 75,253 $ FUND BALANCE:

Beginning of year 400,783
End of year 238,720$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure B Transportation Improvements Special Revenue Fund For the Year Ended June 30, 2025
197

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 4,205,301 $ 4,205,301 $ 3,975,375 $ (229,926) $ Use of money and property 20,000 20,000 399,882 379,882 Miscellaneous - - - - Total Revenues 4,225,301 4,225,301 4,375,257 149,956 EXPENDITURES:

Current:

Public works - - 7,500 (7,500) Capital outlay 4,435,000 12,021,499 5,590,839 6,430,660 Total Expenditures 4,435,000 12,021,499 5,598,339 6,423,160 NET CHANGE IN FUND BALANCE (209,699)$ (7,796,198) $ (1,223,082) 6,573,116 $ FUND BALANCE:

Beginning of year 7,837,822
End of year 6,614,740$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Gas Tax Special Revenue Fund
For the Year Ended June 30, 2025
198

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 133,789 $ 133,789 $ 372,355 $ 238,566 $ Use of money and property - - 19,227 19,227 Miscellaneous - - 7 7 Total Revenues 133,789 133,789 391,589 257,800 EXPENDITURES:

Current:

Community development 143,156 416,156 415,169 987 Total Expenditures 143,156 416,156 415,169 987

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (9,367) (282,367) (23,580) 258,787

OTHER FINANCING SOURCES
Transfers in - 260,000 260,000 - Total other financing sources - 260,000 260,000 - NET CHANGE IN FUND BALANCE (9,367)$ (22,367) $ 236,420 258,787 $ FUND BALANCE:

Beginning of year 752,894
End of year 989,314$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HOME Program Special Revenue Fund
For the Year Ended June 30, 2025
199

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 30,000 $ 30,000 $ 34,114 $ 4,114 $ Use of money and property 2,600 2,600 6,993 4,393 Total Revenues 32,600 32,600 41,107 8,507 EXPENDITURES:

Current:

Public safety 30,000 34,200 34,114 86 Total Expenditures 30,000 34,200 34,114 86 NET CHANGE IN FUND BALANCE 2,600$ (1,600) $ 6,993 8,593 $ FUND BALANCE:

Beginning of year 117,924
End of year 124,917$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Abandoned Vehicle Special Revenue Fund
For the Year Ended June 30, 2025
200

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 100 $ 100 $ 51,888 $ 51,788 $ Fines and forfeitures - - 12,972 12,972 Contributions 75,000 75,000 597,460 522,460 Miscellaneous 500 500 520 20 Total Revenues 75,600 75,600 662,840 587,240 EXPENDITURES:

Current:

Public works 51,500 51,500 18,943 32,557 Capital outlay - 80,938 80,406 532 Total Expenditures 51,500 132,438 99,349 33,089

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 24,100 (56,838) 563,491 620,329 OTHER FINANCING (USES):

Transfers out (25,000) (25,000) (25,000) - Total other financing (uses) (25,000) (25,000) (25,000) - NET CHANGE IN FUND BALANCE (900)$ (81,838) $ 538,491 620,329 $ FUND BALANCE:

Beginning of year 1,067,609
End of year 1,606,100$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Urban Forestry Program Special Revenue Fund
For the Year Ended June 30, 2025
201

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Miscellaneous 150,000 $ 150,000 $ 228,843 $ 78,843 $ Total Revenues 150,000 150,000 228,843 78,843 EXPENDITURES:

Current:

Public Works 150,000 228,900 228,843 57 Total Expenditures 150,000 228,900 228,843 57 NET CHANGE IN FUND BALANCE -$ (78,900)$ - 78,900$ FUND BALANCE:

Beginning of year -
End of year -$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HBPOA Maintenance District Special Revenue Fund
For the Year Ended June 30, 2025
202

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 380,348 $ 380,348 $ 300,003 $ (80,345) $ Use of money and property - - 3,360 3,360 Miscellaneous 42,039 42,039 42,107 68 Total Revenues 422,387 422,387 345,470 (76,917) EXPENDITURES:

Current:

Community development 409,675 409,675 276,200 133,475 Debt service:

Principal retirement 50,000 50,000 50,000 - Interest and fiscal charges 15,843 15,843 15,843 - Total Expenditures 475,518 475,518 342,043 133,475 NET CHANGE IN FUND BALANCE (53,131)$ (53,131) $ 3,427 56,558 $ FUND BALANCE:

Beginning of year 522,386
End of year 525,813$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Development Block Grant Special Revenue Fund
For the Year Ended June 30, 2025
203

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 500 $ 500 $ 1,539 $ 1,039 $ Total Revenues 500 500 1,539 1,039 NET CHANGE IN FUND BALANCE 500$ 500 $ 1,539 1,039 $ FUND BALANCE:

Beginning of year 29,050
End of year 30,589$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Downtown Economic Loan Special Revenue Fund
For the Year Ended June 30, 2025
204

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 26,000 $ 26,000 $ 80,999 $ 54,999 $ Miscellaneous 250,000 250,000 198,352 (51,648) Total Revenues 276,000 276,000 279,351 3,351 EXPENDITURES:

Current:

General government 70,000 70,000 48,399 21,601 Capital outlay 50,000 50,000 - 50,000 Total Expenditures 120,000 120,000 48,399 71,601 NET CHANGE IN FUND BALANCE 156,000$ 156,000 $ 230,952 74,952 $ FUND BALANCE:

Beginning of year 1,536,494
End of year 1,767,446$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Access Television Special Revenue Fund
For the Year Ended June 30, 2025
205

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 1,500 $ 1,500 $ 6,095 $ 4,595 $ Total Revenues 1,500 1,500 6,095 4,595 NET CHANGE IN FUND BALANCE 1,500$ 1,500 $ 6,095 4,595 $ FUND BALANCE:

Beginning of year 115,066
End of year 121,161$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Marilyn Murphy Kane Trail Reserve Special Revenue Fund
For the Year Ended June 30, 2025
206

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 9,800 $ 9,800 $ 44,794 $ 34,994 $ Total Revenues 9,800 9,800 44,794 34,994 EXPENDITURES:

Capital outlay - 133,902 - 133,902 Total Expenditures - 133,902 - 133,902

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 9,800 (124,102) 44,794 168,896 OTHER FINANCING (USES):

Transfers out - - (1,782) (1,782) Total other financing (uses) - - (1,782) (1,782) NET CHANGE IN FUND BALANCE 9,800$ (124,102) $ 43,012 167,114 $ FUND BALANCE:

Beginning of year 844,015
End of year 887,027$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Specific Plans Special Revenue Fund
For the Year Ended June 30, 2025
207

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 388,068 $ 388,068 $ 360,131 $ (27,937) $ Use of money and property 3,060 3,060 35,440 32,380 Total Revenues 391,128 391,128 395,571 4,443 EXPENDITURES:

Capital outlay 400,000 1,199,822 799,823 399,999 Total Expenditures 400,000 1,199,822 799,823 399,999 NET CHANGE IN FUND BALANCE (8,872)$ (808,694) $ (404,252) 404,442 $ FUND BALANCE:

Beginning of year 805,000
End of year 400,748$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure F Vehicle Registration Fees Special Revenue Fund For the Year Ended June 30, 2025
208

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 2,329,073 $ 2,329,073 $ 2,365,523 $ 36,450 $ Use of money and property 8,160 8,160 306,040 297,880 Total Revenues 2,337,233 2,337,233 2,671,563 334,330 EXPENDITURES:

Capital outlay 2,475,000 7,913,899 4,582,082 3,331,817 Total Expenditures 2,475,000 7,913,899 4,582,082 3,331,817 NET CHANGE IN FUND BALANCE (137,767)$ (5,576,666) $ (1,910,519) 3,666,147 $ FUND BALANCE:

Beginning of year 6,169,549
End of year 4,259,030$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure BB Transportation Improvements Special Revenue Fund For the Year Ended June 30, 2025
209

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 500 $ 500 $ 7,242 $ 6,742 $ Miscellaneous 30,000 30,000 30,202 202 Total Revenues 30,500 30,500 37,444 6,944 EXPENDITURES:

Current:

Community development 5,000 5,000 2,928 2,072 Total Expenditures 5,000 5,000 2,928 2,072 NET CHANGE IN FUND BALANCE 25,500$ 25,500 $ 34,516 9,016 $ FUND BALANCE:

Beginning of year 133,382
End of year 167,898$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual AB1379 CASp Certification and Training Special Revenue Fund For the Year Ended June 30, 2025
210

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 103,581$ 103,581 $ Miscellaneous 350,000 350,000 - (350,000) Total Revenues 350,000 350,000 103,581 (246,419) OTHER FINANCING (USES):

Transfers out (350,000) (350,000) (350,000) - Total other financing (uses) (350,000) (350,000) (350,000) - NET CHANGE IN FUND BALANCE -$ - $ (246,419) (246,419) $ FUND BALANCE:

Beginning of year 2,412,387
End of year 2,165,968$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Business Support Program Special Revenue Fund
For the Year Ended June 30, 2025
211

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 215,790$ 215,790 $ Franchise Tax 600,000 600,000 500,000 (100,000) Miscellaneous 200,000 1,529,400 1,541,107 11,707 Total Revenues 800,000 2,129,400 2,256,897 127,497 EXPENDITURES:

Current:

Public works 851,349 851,349 420,290 431,059 Total Expenditures 851,349 851,349 420,290 431,059

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (51,349) 1,278,051 1,836,607 558,556

OTHER FINANCING (USES)
Transfers out - (1,193,760) (1,193,760) - Total other financing (uses) - (1,193,760) (1,193,760) - NET CHANGE IN FUND BALANCE (51,349)$ 84,291 $ 642,847 558,556 $ FUND BALANCE:

Beginning of year 4,077,091
End of year 4,719,938$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Pleasanton Garbage Service Rate Reserve Special Revenue Fund For the Year Ended June 30, 2025
212

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 52,029$ 52,029 $ Total Revenues - - 52,029 52,029 EXPENDITURES:

Capital outlay 460,021 1,012,518 - 1,012,518 Total Expenditures 460,021 1,012,518 - 1,012,518 NET CHANGE IN FUND BALANCE (460,021)$ (1,012,518) $ 52,029 1,064,547 $ FUND BALANCE:

Beginning of year 982,163
End of year 1,034,192$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Johnson Drive Economic Development Zone Special Revenue Fund For the Year Ended June 30, 2025
213

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 40,800 $ 40,800 $ 184,254 $ 143,454 $ Total Revenues 40,800 40,800 184,254 143,454 EXPENDITURES:

Capital outlay - 3,040,525 - 3,040,525 Total Expenditures - 3,040,525 - 3,040,525 NET CHANGE IN FUND BALANCE 40,800$ (2,999,725)$ 184,254 3,183,979 $ FUND BALANCE:

Beginning of year 3,712,832
End of year 3,897,086$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual CIP for Downtown & North Pleasanton Capital Projects Fund For the Year Ended June 30, 2025
214

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 54,660$ 54,660 $ Development fees 178,402 178,402 1,391,806 1,213,404 Total Revenues 178,402 178,402 1,446,466 1,268,064 EXPENDITURES:

Capital outlay - 2,068,784 78,870 1,989,914 Total Expenditures - 2,068,784 78,870 1,989,914 NET CHANGE IN FUND BALANCE 178,402$ (1,890,382) $ 1,367,596 3,257,978 $ FUND BALANCE:

Beginning of year 1,993,968
End of year 3,361,564$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Facilities Capital Projects Fund
For the Year Ended June 30, 2025
215

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 101,856 $ 101,856 $ 475,228 $ 373,372 $ Development fees - - 2,011,934 2,011,934 Total Revenues 101,856 101,856 2,487,162 2,385,306 EXPENDITURES:

Capital outlay - 7,242,814 1,512,796 5,730,018 Total Expenditures - 7,242,814 1,512,796 5,730,018 NET CHANGE IN FUND BALANCE 101,856$ (7,140,958) $ 974,366 8,115,324 $ FUND BALANCE:

Beginning of year 8,885,580
End of year 9,859,946$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Park Development Capital Projects Fund
For the Year Ended June 30, 2025
216

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 3,000 $ 3,000 $ 120,666 $ 117,666 $ Miscellaneous - 100,000 100,000 - Total Revenues 3,000 103,000 220,666 117,666 EXPENDITURES:

Capital outlay 1,350,000 1,817,705 740,429 1,077,276 Total Expenditures 1,350,000 1,817,705 740,429 1,077,276

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (1,347,000) (1,714,705) (519,763) 1,194,942 OTHER FINANCING SOURCES:

Transfers in 1,300,000 1,330,022 1,330,022 - Total other financing sources 1,300,000 1,330,022 1,330,022 - NET CHANGE IN FUND BALANCE (47,000)$ (384,683) $ 810,259 1,194,942 $ FUND BALANCE:

Beginning of year 3,440,361
End of year 4,250,620$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Park Capital Improvement Program Capital Project Fund
For the Year Ended June 30, 2025
217

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 102,000 $ 102,000 $ 488,483 $ 386,483 $ Miscellaneous - - 60,110 60,110 Total Revenues 102,000 102,000 548,593 446,593 EXPENDITURES:

Current:

Public works - - 2,150 (2,150) Capital outlay - 5,589,928 1,267,700 4,322,228 Total Expenditures - 5,589,928 1,269,850 4,320,078

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 102,000 (5,487,928) (721,257) 4,766,671 OTHER FINANCING SOURCES:

Transfers in - 3,593,760 3,593,760 - Total other financing sources - 3,593,760 3,593,760 - NET CHANGE IN FUND BALANCE 102,000$ (1,894,168) $ 2,872,503 4,766,671 $ FUND BALANCE:

Beginning of year 7,969,894
End of year 10,842,397$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Street Capital Improvement Program Capital Projects Fund For the Year Ended June 30, 2025
218

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 14,694 $ 14,694 $ 551,453 $ 536,759 $ Development fees 100,000 100,000 2,439,766 2,339,766 Total Revenues 114,694 114,694 2,991,219 2,876,525 EXPENDITURES:

Capital outlay 100,000 10,967,827 5,516,056 5,451,771 Total Expenditures 100,000 10,967,827 5,516,056 5,451,771 NET CHANGE IN FUND BALANCE 14,694$ (10,853,133)$ (2,524,837) 8,328,296 $ FUND BALANCE:

Beginning of year 10,397,977
End of year 7,873,140$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Traffic Impact Capital Projects Fund
For the Year Ended June 30, 2025
219

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 29,694 $ 29,694 $ 405,574 $ 375,880 $ Contributions - - 227,000 227,000 Total Revenues 29,694 29,694 632,574 602,880 EXPENDITURES:

Capital outlay - 6,673,219 - 6,673,219 Total Expenditures - 6,673,219 - 6,673,219 NET CHANGE IN FUND BALANCE 29,694$ (6,643,525)$ 632,574 7,276,099 $ FUND BALANCE:

Beginning of year 7,660,480
End of year 8,293,054$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Budgeted Developer Projects Capital Projects Fund
For the Year Ended June 30, 2025
220

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 62,231$ 62,231 $ Total Revenues - - 62,231 62,231 EXPENDITURES:

Current:

Public works - - 20,922 (20,922) Capital outlay - 1,145,810 845,776 300,034 Total Expenditures - 1,145,810 866,698 279,112 NET CHANGE IN FUND BALANCE -$ (1,145,810)$ (804,467) 341,343 $ FUND BALANCE:

Beginning of year 1,108,578
End of year 304,111$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Assessment District Construction Capital Projects Fund
For the Year Ended June 30, 2025
221

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 12,000 $ 12,000 $ 119,145 $ 107,145 $ Development fees 62,478 62,478 327,786 265,308 Total Revenues 74,478 74,478 446,931 372,453 EXPENDITURES:

Capital outlay - 1,852,517 74,899 1,777,618 Total Expenditures - 1,852,517 74,899 1,777,618 NET CHANGE IN FUND BALANCE 74,478$ (1,778,039)$ 372,032 2,150,071 $ FUND BALANCE:

Beginning of year 2,307,651
End of year 2,679,683$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Tri-Valley Transportation Capital Projects Fund
For the Year Ended June 30, 2025
222

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 124,400 $ 124,400 $ 1,420,161 $ 1,295,761 $ Total Revenues 124,400 124,400 1,420,161 1,295,761 EXPENDITURES:

Capital outlay 2,476,578 11,359,114 1,994,859 9,364,255 Total Expenditures 2,476,578 11,359,114 1,994,859 9,364,255

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (2,352,178) (11,234,714) (574,698) 10,660,016

OTHER FINANCING SOURCES (USES)
Transfers in 2,471,578 3,471,578 3,471,578 - Transfers out (15,300,000) (15,300,000) (15,300,000) - Total other financing sources (uses) (12,828,422) (11,828,422) (11,828,422) - NET CHANGE IN FUND BALANCE (15,180,600)$ (23,063,136) $ (12,403,120) 10,660,016 $ FUND BALANCE:

Beginning of year, as restated (Note 15) 27,796,322
End of year 15,393,202$
Budgeted Amounts
City of Pleasanton
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Miscellaneous Capital Improvement Programs Capital Projects Fund For the Year Ended June 30, 2025
223

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224

NONMAJOR ENTERPRISE FUND FINANCIAL STATEMENTS
Enterprise Funds account for operations that are financed and operated in a manner similar to private business enterprises, where the intent of the governing body is that the costs (including depreciation) of providing goods and services to the general public on a continuing basis be recovered through user charges.

Transit - This fund receives revenue from Measure BB sales tax and is used for transit related services.

Cemetery - This fund accounts for the operations of the Pleasanton Pioneer Cemetery. The City currently contracts with Graham- Hitch Mortuary for cemetery management, sales and burial coordination. The Cemetery Fund is supported by an operating subsidy contribution from the General Fund.

Housing Authority - This fund represents the activities of the Pleasanton Housing Authority. The purpose is to provide and maintain the maximum number of housing units and services for low and moderate income families at rents they can afford. 225

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226

Housing
Transit Cemetery Authority Total
ASSETS
Current assets:

Pooled cash and investments 776,460 $ 977,928 $ 356,234 $ 2,110,622 $ Receivable:

Accounts 99,843 22,497 - 122,340 Accrued interest 4,084 5,113 - 9,197 Total current assets 880,387 1,005,538 356,234 2,242,159 Noncurrent assets:

Capital assets:

Nondepreciable - 10,000 51,751 61,751 Depreciable, net 130,700 705,446 - 836,146 Total capital assets 130,700 715,446 51,751 897,897 Total noncurrent assets 130,700 715,446 51,751 897,897 Total assets 1,011,087 1,720,984 407,985 3,140,056

LIABILITIES
Current liabilities:

Accounts payable 227,075 40,477 - 267,552 Accrued payroll - 111 - 111 Advances from other funds - 500,000 - 500,000 Unearned revenues - 942,010 - 942,010 Total current liabilities 227,075 1,482,598 - 1,709,673 Total liabilities 227,075 1,482,598 - 1,709,673

NET POSITION
Investment in capital assets 130,700 715,446 51,751 897,897 Restricted for paratransit 653,312 - - 653,312 Unrestricted (deficit) - (477,060) 356,234 (120,826) Total net position 784,012$ 238,386 $ 407,985 $ 1,430,383 $ June 30, 2025
Business-Type Activities - Enterprise Funds
City of Pleasanton
Combining Statement of Net Position
Nonmajor Enterprise Funds
227

Housing
Transit Cemetery Authority Total
OPERATING REVENUES:

Charges for services - $ 316,008$ - $ 316,008$ Miscellaneous 4,002 26 - 4,028 Total operating revenues 4,002 316,034 - 320,036 OPERATING EXPENSES:

Personnel services 33,148 12,104 - 45,252 Transportation 66,010 - - 66,010 Materials, supplies and services 536,392 304,700 - 841,092 Depreciation 33,363 31,486 - 64,849 Total operating expenses 668,913 348,290 - 1,017,203 OPERATING (LOSS) (664,911) (32,256) - (697,167) NONOPERATING INCOME:

Intergovernmental 569,105 - - 569,105 Investment income 35,357 44,571 - 79,928 Total nonoperating income 604,462 44,571 - 649,033 NET INCOME BEFORE TRANSFERS (60,449) 12,315 - (48,134) TRANSFERS:

Transfers in 87,481 50,000 - 137,481 Transfers out - - - - Total Transfers 87,481 50,000 - 137,481 CHANGES IN NET POSITION 27,032 62,315 - 89,347 NET POSITION:

Beginning of year 756,980 176,071 407,985 1,341,036 End of year 784,012 $ 238,386 $ 407,985 $ 1,430,383 $ Business-Type Activities - Enterprise Funds
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Revenues, Expenses and Changes in Net Position Nonmajor Enterprise Funds
228

Housing
Transit Cemetery Authority Total
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from customers 4,002 $ 339,179 $ - $ 343,181$ Cash payments to suppliers for goods and services (589,242) (300,605) - (889,847) Cash payments to or on behalf of employees (36,421) (15,628) - (52,049) Net cash provided by (used in) operating activities (621,661) 22,946 - (598,715)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Interfund receipts 87,481 50,000 - 137,481 Intergovernmental receipts 568,271 - - 568,271 Net cash provided by noncapital financing activities 655,752 50,000 - 705,752 CASH FLOWS FROM INVESTING ACTIVITIES:

Investment earnings 32,810 41,366 - 74,176 Net cash provided by investing activities 32,810 41,366 - 74,176 Net change in cash and cash equivalents 66,901 114,312 - 181,213 CASH AND CASH EQUIVALENTS:

Beginning of year 709,559 863,616 356,234 1,929,409 End of year 776,460$ 977,928 $ 356,234 $ 2,110,622 $ CASH AND CASH EQUIVALENTS:

Pooled cash and investments 776,460 977,928 356,234 2,110,622 Total cash and cash equivalents 776,460$ 977,928 $ 356,234 $ 2,110,622 $ Reconciliation of Operating (Loss) to
to Net Cash Provided by (Used in) Operating Activities:

Operating (loss) (664,911) (32,256) - (697,167) Adjustments to reconcile operating (loss)
to net cash (used in) operating activities:

Depreciation 33,363 31,486 - 64,849 (Increase) decrease in accounts receivable, net - 220 - 220 Increase (decrease) in accounts payable 13,160 4,096 - 17,256 Increase (decrease) in payroll payable (3,273) (3,525) - (6,798) Increase(decrease) in unearned revenue - 22,925 - 22,925 Net cash provided by (used in) operating activities (621,661)$ 22,946 $ - $ (598,715)$ For the Year Ended June 30, 2025
Business-Type Activities - Enterprise Funds
City of Pleasanton
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
229

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230

Retiree Insurance Reserve - This fund is establishing reserves for future medical insurance obligations for retirees.

PARS Section 115 - This fund is to provide additional annual payments to CalPERS that are needed to offset the impact of smoothing or negative amortization of the City's Unfunded Pension Liability.

City Enhancement - This fund is to provide for unplanned and traditionally unfunded priority projects that arise such as employee workplace enhancement and miscellaneous emergency renovation projects which are not part of the City's Repair and Replacement Plan.

Self-Insurance Retention - This fund pays insurance premiums and claims that fall under the City's various limits and includes workers' compensation.

INTERNAL SERVICE FUNDS
Internal Service Funds account for the financing of goods or services provided by a department for other departments on a cost- reimbursement basis.

Employee Benefits - This fund accounts for unemployment insurance benefit costs and accrued unused employee vacation leave.

Revenues come from benefit accrual charges placed on all City operating programs. This fund also includes the accounting for the majority of the City's Net Pension Liability.

Public Art Acquisition and Maintenance - This fund is to provide a source of public funding for the design, selection, acquisition, purchase, renovation, conservation, and installation of City-owned public art.

Replacement / Renovation - This fund charges various user departments based on usage of equipment, vehicles, and facilities and uses the money to replace or renovate these items.
231

Public Art
Employee Acquisition and Replacement / Self-Insurance
Benefits Maintenance Renovation Retention
ASSETS
Current assets:

Pooled cash and investments 7,190,563 $ 515,144 $ 22,127,603 $ 12,232,387 $ Restricted cash and investments - - 112,539 - Receivable (net):

Accounts 7,431 2,102 16,942 - Accrued Interest 27,539 2,715 112,674 42,247 Prepaid items - - 2,576,026 - Total current assets 7,225,533 519,961 24,945,784 12,274,634 Noncurrent assets:

Advances to other funds - - 754,760 - Capital assets, nondepreciable - 367,893 - - Capital assets, depreciable/amortizable (net) - - 12,650,030 - Total noncurrent assets - 367,893 13,404,790 - Total assets 7,225,533 887,854 38,350,574 12,274,634

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions 37,834,150 - - - Related to OPEB - - - - Total deferred outflows of resources 37,834,150 - - -

LIABILITIES
Current Liabilities:

Accounts payable 1,283,541 2,102 382,070 357,042 Accrued interest - - 9,727 - Accrued compensated absences, due within one year 7,205,634 - - - Claims payable, due within one year - - - 1,767,559 Financed purchase, due within one year - - 515,182 - Total current liabilities 8,489,175 2,102 906,979 2,124,601 Noncurrent liabilities:

Accrued compensated absences, due in more than one year 6,177,755 - - - Net pension liability 164,007,883 - - - Net OPEB liability - - - - Claims payable, due in more than one year - - - 8,643,047 Financed purchase, due in more than one year - - 1,104,350 - Total noncurrent liabilities 170,185,638 - 1,104,350 8,643,047 Total liabilities 178,674,813 2,102 2,011,329 10,767,648

DEFERRED INFLOWS OF RESOURCES
Related to pensions 1,790,483 - - - Related to OPEB - - - - Total deferred inflows of resources 1,790,483 - - -

NET POSITION
Net investment in capital assets - 367,893 11,030,498 - Restricted - - 112,539 - Unrestricted (deficit) (135,405,613) 517,859 25,196,208 1,506,986 Total net position (135,405,613)$ 885,752 $ 36,339,245 $ 1,506,986 $ (Continued)
June 30, 2025
City of Pleasanton
Combining Statement of Net Position
All Internal Service Funds
232

Retiree
Insurance PARS Section Cit y
Reserve 115 Enhancemen t Total
ASSETS
Current assets:

Pooled cash and investments 1,876,860 $ - $ 464,118$ 44,406,675 $ Restricted cash and investments - 35,465,973 - 35,578,512 Receivable (net):

Accounts - - - 26,475 Accrued Interest 11,497 - 2,606 199,278 Prepaid items - - - 2,576,026 Total current assets 1,888,357 35,465,973 466,724 82,786,966 Noncurrent assets:

Advances to other funds - - - 754,760 Capital assets, nondepreciable - - - 367,893 Capital assets, depreciable/amortizable (net) - - - 12,650,030 Total noncurrent assets - - - 13,772,683 Total assets 1,888,357 35,465,973 466,724 96,559,649

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions - - - 37,834,150 Related to OPEB 7,720,424 - - 7,720,424 Total deferred outflows of resources 7,720,424 - - 45,554,574

LIABILITIES
Current Liabilities:

Accounts payable 42,202 - - 2,066,957 Accrued interest - - - 9,727 Accrued compensated absences, due within one year - - - 7,205,634 Claims payable, due within one year - - - 1,767,559 Financed purchase, due within one year - - - 515,182 Total current liabilities 42,202 - - 11,565,059 Noncurrent liabilities:

Accrued compensated absences, due in more than one year - - - 6,177,755 Net pension liability - - - 164,007,883 Net OPEB liability 13,056,344 - - 13,056,344 Claims payable, due in more than one year - - - 8,643,047 Financed purchase, due in more than one year - - - 1,104,350 Total noncurrent liabilities 13,056,344 - - 192,989,379 Total liabilities 13,098,546 - - 204,554,438

DEFERRED INFLOWS OF RESOURCES
Related to pensions - - - 1,790,483 Related to OPEB 3,405,132 - - 3,405,132 Total deferred inflows of resources 3,405,132 - - 5,195,615

NET POSITION
Net investment in capital assets - - - 11,398,391 Restricted - 35,465,973 - 35,578,512 Unrestricted (deficit) (6,894,897) - 466,724 (114,612,733) Total net position (6,894,897)$ 35,465,973 $ 466,724 $ (67,635,830)$ (Concluded)
June 30, 2025
City of Pleasanton
Combining Statement of Net Position (Continued)
All Internal Service Funds
233

Public Art
Employee Acquisition and Replacement/ Self-Insurance
Benefits Maintenance Renovation Retention
OPERATING REVENUES:

Interfund service charges 970,086 $ 104,000 $ 4,271,969 $ 8,195,207 $ Miscellaneous - 2,852 - 278,726 Total operating revenues 970,086 106,852 4,271,969 8,473,933 OPERATING EXPENSES:

Transportation - - 370,174 - Personnel services and OPEB credit 10,541,428 - - - Repairs and maintenance - - 246,718 - Materials, supplies and services 3,301 2,134 136,041 6,095,802 Depreciation and amortization - - 2,027,611 - Total operating expenses (credit) 10,544,729 2,134 2,780,544 6,095,802 OPERATING INCOME (LOSS) (9,574,643) 104,718 1,491,425 2,378,131 NONOPERATING REVENUES (EXPENSES):

Investment income 248,666 19,878 1,149,989 203,918 Intergovernmental - - 19,686 - Loss on disposal of capital assets - - (40,028) - Interest and fiscal charges - - (275,445) - Total nonoperating revenues (expenses) 248,666 19,878 854,202 203,918 INCOME BEFORE TRANSFERS (9,325,977) 124,596 2,345,627 2,582,049 TRANSFERS:

Transfers out - - - - Total transfers - - - - CHANGES IN NET POSITION (9,325,977) 124,596 2,345,627 2,582,049 NET POSITION:

Beginning of year, as previously presented as of June 30, 2024 (118,621,967) 761,156 33,993,618 (1,075,063) Change in accounting principal (GASB 101) (7,457,669) - - - Beginning of year, as restated (Note 15) (126,079,636) 761,156 33,993,618 (1,075,063) End of year (135,405,613) $ 885,752 $ 36,339,245 $ 1,506,986 $ (Continued)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Revenues, Expenses and Changes in Net Position All Internal Service Funds
234

Retiree
Insurance PARS Section City
Reserve 115 Enhancement Total
OPERATING REVENUES:

Interfund service charges 5,256,137 $ - $ - $ 18,797,399$ Miscellaneous - - - 281,578 Total operating revenues 5,256,137 - - 19,078,977 OPERATING EXPENSES:

Transportation - - - 370,174 Personnel services and OPEB credit (207,158) - - 10,334,270 Repairs and maintenance - - - 246,718 Materials, supplies and services 21,765 - 100,358 6,359,401 Depreciation and amortization - - - 2,027,611 Total operating expenses (credit) (185,393) - 100,358 19,338,174 OPERATING INCOME (LOSS) 5,441,530 - (100,358) (259,197) NONOPERATING REVENUES (EXPENSES):

Investment income 67,022 3,877,267 28,366 5,595,106 Intergovernmental - - - 19,686 Loss on disposal of capital assets - - - (40,028) Interest and fiscal charges - - - (275,445) Total nonoperating revenues (expenses) 67,022 3,877,267 28,366 5,299,319 INCOME BEFORE TRANSFERS 5,508,552 3,877,267 (71,992) 5,040,122 TRANSFERS:

Transfers out (1,028,000) - - (1,028,000) Total transfers (1,028,000) - - (1,028,000) CHANGES IN NET POSITION 4,480,552 3,877,267 (71,992) 4,012,122 NET POSITION:

Beginning of year, as previously presented as of June 30, 2024 (11,375,449) 31,588,706 538,716 (64,190,283) Change in accounting principal (GASB 101) - - - (7,457,669) Beginning of year, as restated (Note 15) (11,375,449) 31,588,706 538,716 (71,647,952) End of year (6,894,897) $ 35,465,973 $ 466,724 $ (67,635,830)$ (Concluded)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Revenues, Expenses and Changes in Net Position (Continued) All Internal Service Funds
235

Public Art
Employee Acquisition and Replacement/ Self-Insurance
Benefits Maintenance Renovation Retention
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from user funds 970,227 $ 104,750 $ 4,270,766 $ 8,195,207 $ Cash payments to suppliers (120,756) (7,328) (2,227,121) - Cash payments to or on behalf of employees 142,028 - - - Claims recovery 304,443
Claims paid - - - (5,950,712) Net cash provided by operating activities 991,499 97,422 2,043,645 2,548,938

CASH FLOWS FROM NONCAPITAL RELATED
FINANCING ACTIVITIES:

Interfund receipts - - 223,053 - Interfund payments - - - - Intergovernmental receipts - - 19,686 - Net cash provided by noncapital
financing activities - - 242,739 -

CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:

Acquisition of capital assets - - (3,668,265) - Principal payments on capital debt - - (454,167) - Interest paid on capital debt - - (277,833) - Proceeds from sales of capital assets - - 73,955 - Net cash (used in) capital and related
financing activities - - (4,326,310) - CASH FLOWS FROM INVESTING ACTIVITIES:

Investment earnings 231,695 18,008 1,086,156 173,975 Net cash provided by investing activities 231,695 18,008 1,086,156 173,975 Net change in cash and cash equivalents 1,223,194 115,430 (953,770) 2,722,913 CASH AND CASH EQUIVALENTS:

Beginning of year 5,967,369 399,714 23,193,912 9,509,474 End of year 7,190,563$ 515,144 $ 22,240,142 $ 12,232,387 $ CASH AND CASH EQUIVALENTS:

Cash and investments 7,190,563 $ 515,144 $ 22,127,603 $ 12,232,387 $ Cash and investments with fiscal agent - - 112,539 - Total cash and cash equivalents 7,190,563$ 515,144 $ 22,240,142 $ 12,232,387 $ (Continued)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Cash Flows
All Internal Service Funds
236

Retiree
Insurance PARS Section City
Reserve 115 Enhancement Total
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from user funds 5,256,137 $ - $ - $ 18,797,087$ Cash payments to suppliers (48,428) - (100,358) (2,503,991) Cash payments to or on behalf of employees (3,647,915) - - (3,505,887) Claims recovery 304,443
Claims paid - - - (5,950,712) Net cash provided by operating activities 1,559,794 - (100,358) 7,140,940

CASH FLOWS FROM NONCAPITAL RELATED
FINANCING ACTIVITIES:

Interfund receipts - - - 223,053 Interfund payments (1,028,000) - - (1,028,000) Intergovernmental receipts - - - 19,686 Net cash provided by noncapital
financing activities (1,028,000) - - (785,261)

CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:

Acquisition of capital assets - - - (3,668,265) Principal payments on capital debt - - - (454,167) Interest paid on capital debt - - - (277,833) Proceeds from sales of capital assets - - - 73,955 Net cash (used in) capital and related
financing activities - - - (4,326,310) CASH FLOWS FROM INVESTING ACTIVITIES:

Investment earnings 58,557 3,877,267 26,979 5,472,637 Net cash provided by investing activities 58,557 3,877,267 26,979 5,472,637 Net change in cash and cash equivalents 590,351 3,877,267 (73,379) 7,502,006 CASH AND CASH EQUIVALENTS:

Beginning of year 1,286,509 31,588,706 537,497 72,483,181 End of year 1,876,860$ 35,465,973 464,118$ 79,985,187 $ CASH AND CASH EQUIVALENTS:

Cash and investments 1,876,860 $ - $ 464,118$ 44,406,675 $ Cash and investments with fiscal agent - 35,465,973 - 35,578,512 Total cash and cash equivalents 1,876,860$ 35,465,973 464,118$ 79,985,187 $ (Continued)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Cash Flows (Continued)
All Internal Service Funds
237

Public Art
Employee Acquisition and Replacement/ Self-Insurance
Benefits Maintenance Renovation Retention
Reconciliation of Operating Income (Loss) to
to Net Cash Provided by (Used in) Operating Activities:

Operating income (loss) (9,574,643) $ 104,718 $ 1,491,425 $ 2,378,131 $ Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation/amortization - - 2,027,611 - (Increase)/decrease in accounts receivable, net 141 (2,102) (1,203) 25,717 (Increase)/decrease in inventory and prepaids - - (1,417,134) - (Increase)/decrease in deferred outflows of resources
related to pensions 14,222,659 - - - (Increase)/decrease in deferred outflows of resources
related to OPEB - - - - Increase/(decrease) in accounts payable
and other accrued expenses (117,455) (5,194) (57,054) 234,587 Increase/(decrease) in accrued payroll liabilities 1,185,732 - - - Increase/(decrease) in claims payable - - - (89,497) Increase/(decrease) in pension liabilities (1,984,618) - - - Increase/(decrease) in OPEB liabilities - - - - Increase/(decrease) in deferred inflows of resources
related to pensions (2,740,317) - - - Increase/(decrease) in deferred inflows of resources
related to OPEB - - - - Net cash provided by (used in) operating activities 991,499$ 97,422 $ 2,043,645 $ 2,548,938 $ (Continued)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Cash Flows (Continued)
All Internal Service Funds
238

Retiree
Insurance PARS Section City
Reserve 115 Enhancement Total
Reconciliation of Operating Income (Loss) to
to Net Cash Provided by (Used in) Operating Activities:

Operating income (loss) 5,441,530 $ - $ (100,358)$ (259,197) $ Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation/amortization - - - 2,027,611 (Increase)/decrease in accounts receivable, net - - - 22,553 (Increase)/decrease in inventory and prepaids - - - (1,417,134) (Increase)/decrease in deferred outflows of resources
related to pensions - - - 14,222,659 (Increase)/decrease in deferred outflows of resources
related to OPEB 3,097,550 - - 3,097,550 Increase/(decrease) in accounts payable
and other accrued expenses (26,664) - - 28,220 Increase/(decrease) in accrued payroll liabilities - - - 1,185,732 Increase/(decrease) in claims payable - - - (89,497) Increase/(decrease) in pension liabilities - - - (1,984,618) Increase/(decrease) in OPEB liabilities (3,999,521) - - (3,999,521) Increase/(decrease) in deferred inflows of resources
related to pensions - - - (2,740,317) Increase/(decrease) in deferred inflows of resources
related to OPEB (2,953,101) - - (2,953,101) Net cash provided by (used in) operating activities 1,559,794$ - $ (100,358)$ 7,140,940 $ (Concluded)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Cash Flows (Continued)
All Internal Service Funds
239

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240

Livermore-Pleasanton Fire Department (Livermore Share Only) - This fund accounts for the Livermore-Pleasanton Fire Department activity related to operations, replacement and renovation of equipment, vehicles and facilities, and retiree medical.

Miscellaneous Agencies - This fund collects various fees and contributions from developers and others and passes the money on to various government agencies (i.e. Zone 7 Water Agency, Dublin San Ramon Services District, Tri-Valley Transportation Council, etc.), or organizations.

CUSTODIAL FUNDS
Custodial Funds report fiduciary activities that are not held in a trust or equivalent arrangement.

Retiree Insurance - This fund collects money from retired employees and pays their share of health insurance bills.

Downtown Merchant Improvements - This fund collects annual assessments from downtown businesses and passes it on to the Pleasanton Downtown Association.

Asset Forfeiture - This fund collects the assets forfeited as a result of investigations of criminal offenses, generally narcotics related.

The money is passed on to various other governmental agencies. 241

Downtown
Retiree Merchant Asset Miscellaneous
Insurance Improvements Forfeiture Agencies
ASSETS:

Pooled cash and investments - $ 79,067$ 54,024 $ 6,181,464 $ Receivables:

Accounts 64,175 - - 91,063 Taxes - - - 647,623 Total assets 64,175 79,067 54,024 6,920,150 LIABILITIES:

Accounts payable 10,984 - - 6,798,321 Deposits payable 12,672 - - - Due to the City of Pleasanton 40,519 - - - Total liabilities 64,175 - - 6,798,321 NET POSITION:

Restricted for other government agencies - - 54,024 121,829 Restricted for Pleasanton Downtown Association - 79,067 - - Restricted for Livermore Share of LPFD - - - - Total net position -$ 79,067$ 54,024 $ 121,829 $ (Continued)
June 30, 2025
City of Pleasanton
Combining Statement of Net Position
Custodial Funds
242

Livermore -
Pleasanton
Fire Department
Livermore
Share Only Total
ASSETS:

Pooled cash and investments 7,721,259$ 14,035,814 $ Receivables:

Accounts 836,628 991,866
Taxes - 647,623
Total assets 8,557,887 15,675,303
LIABILITIES:

Accounts payable 184,037 6,993,342
Deposits payable - 12,672
Due to the City of Pleasanton - 40,519 Total liabilities 184,037 7,046,533
NET POSITION:

Restricted for other government agencies - 175,853 Restricted for Pleasanton Downtown Association - 79,067 Restricted for Livermore Share of LPFD 8,373,850 8,373,850 Total net position 8,373,850$ 8,628,770 $
(Concluded)
City of Pleasanton
June 30, 2025
Custodial Funds
Combining Statement of Net Position (Continued)
243

Downtown
Retiree Merchant Asset Miscellaneous
Insurance Improvements Forfeiture Agencies
ADDITIONS:

Retired employees contributions 936,144 $ - $ - $ - $ Taxes - 76,521 - - Intergovernmental - - - 6,945,525 Interest and change in fair value of investments - 3,492 - - Miscellaneous 709 - 1,471 4,196,921 Total Additions 936,853 80,013 1,471 11,142,446 DEDUCTIONS:

Retiree benefits 936,402 - - - Contractual services - 2,188 - - Distribution to other governments or organizations - - 11,462 11,142,446 Miscellaneous 451 - - - Total Deductions 936,853 2,188 11,462 11,142,446 CHANGES IN NET POSITION - 77,825 (9,991) - NET POSITION:

Beginning of year - 1,242 64,015 121,829 End of year - $ 79,067$ 54,024 $ 121,829 $ (Continued)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
244

Livermore -
Pleasanton
Fire Department
Livermore
Share Only Total
ADDITIONS:

Retired employees contributions -$ 936,144$ Taxes - 76,521
Intergovernmental - 6,945,525
Interest and change in fair value of investments 294,817 298,309 Miscellaneous 3,346,192 7,545,293
Total Additions 3,641,009 15,801,792
DEDUCTIONS:

Retiree benefits - 936,402
Contractual services 3,839,777 3,841,965
Distribution to other governments or organizations - 11,153,908 Miscellaneous - 451
Total Deductions 3,839,777 15,932,726
CHANGES IN NET POSITION (198,768) (130,934)
NET POSITION:

Beginning of year 8,572,618 8,759,704
End of year 8,373,850$ 8,628,770 $
(Concluded)
For the Year Ended June 30, 2025
City of Pleasanton
Combining Statement of Changes in Fiduciary Net Position (Continued) Custodial Funds
245

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246

STATISTICAL SECTION
(Unaudited)
247

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248

Page
This information is intended to assist users in understanding an d assessing how a government' s financial position has changed over time. 252-261
This information is intended to assist users in understanding an d assessing factors affecting a government's ability to generate its own revenue. 265-269 This information is intended to assist users in understanding an d assessing a government's debt burden and its ability to issue additional debt. 272-278
This information is intended to assist users in understanding socioeconomic environmen t within which a government operates and provide information that facilitates comparison of financial statement information over time and among governments. 281-283
This information is intended to provide information about operations an d resources to assist readers in using financial statement information to understand and assess a government's economic condition. 286-288 Demographic and Economic Information
Operating Information
This part of the City of Pleasanton's Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information says about the City's overall financial health.

STATISTICAL SECTION (UNAUDITED)
Financial Trends Information
Contents
Revenue Capacity Information
Debt Capacity Information
249

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250

Financial Trends Information
Net Position by Component - Last Ten Fiscal Years
Changes in Net Position - Last Ten Fiscal Years
Fund Balances of Governmental Funds - Last Ten Fiscal Years Changes in Fund Balances - Governmental Funds - Last Ten Fiscal Years 251

2016 2017 2018 2019 2020
Governmental Activities
Net investment in capital assets 497,839,233$ 509,064,211 $ 504,882,313 $ 498,338,562 $ 497,870,162 $ Restricted 61,029,572 74,105,178 62,433,733 72,361,830 118,402,861 Unrestricted (1)
(16,776,353) (15,318,883) (49,675,582) (39,340,376) (81,114,037) Total government activities net position 542,092,452$ 567,850,506 $ 517,640,464 $ 531,360,016 $ 535,158,986 $ Business-Type Activities
Net investment in capital assets 182,841,810$ 183,305,729 $ 183,231,147 $ 176,192,351 $ 158,203,939 $ Restricted 6,797,332 305,694 286,274 214,632 230,477 Unrestricted 39,918,554 44,690,494 40,236,159 47,002,659 55,480,453 Total business-type activities net position 229,557,696$ 228,301,917 $ 223,753,580 $ 223,409,642 $ 213,914,869 $ Primary Government
Net investment in capital assets 680,681,043$ 692,369,940 $ 688,113,460 $ 674,530,913 $ 656,074,101 $ Restricted 67,826,904 74,410,872 62,720,007 72,576,462 118,633,338 Unrestricted 23,142,201 29,371,611 (9,439,423) 7,662,283 (25,633,584) Total primary government activities net position 771,650,148$ 796,152,423$ 741,394,044$ 754,769,658$ 749,073,855$ Notes:
(3) 2024 balances were restated due to the implementation of GASB 101. (2) 2023 balances were restated due to error corrections. (1) In 2016, the negative unrestricted net position in Governmental Activities was attributable to the recording of net pension liability as a result of the implementation of GASB 68, Accounting and Financial Reporting for Pensions. In 2018, the negative unrestricted net position increased further due to the recording of net OPEB liability as a result of the implementation of GASB 75, Accounting and Financial Reporting for Post- employment Benefits Other than Pensions.

Fiscal Year Ended June 30
(accrual basis of accounting)
Last Ten Fiscal Years
Net Position by Component
City of Pleasanton
252

2021 2022 2023(2) 2024(3)
2025
Governmental Activities
Net investment in capital assets 501,130,349$ 506,599,438 $ 510,088,872 $ 500,860,474 $ 508,631,808 $ Restricted 92,880,765 123,317,825 97,139,124 132,229,937 136,407,659 Unrestricted (1)
(53,875,712) (66,895,059) (42,191,108) (51,956,598) (67,871,401) Total government activities net position 540,135,402$ 563,022,204 $ 565,036,888 $ 581,133,813 $ 577,168,066 $ Business-Type Activities
Net investment in capital assets 162,243,561$ 151,416,829 $ 146,488,382 $ 143,511,748 $ 132,339,018 $ Restricted 245,503 887,253 1,073,648 1,055,744 1,092,773 Unrestricted 50,277,104 59,064,725 55,051,165 54,085,833 73,233,402 Total business-type activities net position 212,766,168$ 211,368,807 $ 202,613,195 $ 198,653,325 $ 206,665,193 $ Primary Government
Net investment in capital assets 663,373,910$ 658,016,267 $ 656,577,254 $ 644,372,222 $ 640,970,826 $ Restricted 93,126,268 124,205,078 98,212,772 133,285,681 137,500,432 Unrestricted (3,598,608) (7,830,334) 12,860,057 2,129,235 5,362,001 Total primary government activities net position 752,901,570$ 774,391,011$ 767,650,083$ 779,787,138$ 783,833,259$ Fiscal Year Ended June 30
(accrual basis of accounting)
City of Pleasanton
Net Position by Component (Continued)
Last Ten Fiscal Years
253

2016 2017 2018 2019 2020
Program Revenues
Governmental Activities:

Charges for Services
General Government 489,842$ 380,148$ 377,968$ 1,759,450$ 1,808,531$ Public Safety 2,252,106 2,209,630 2,241,723 2,101,271 2,089,012 Community Development 7,434,666 7,137,220 7,283,955 7,071,315 5,616,871 Public Works (2) 385,681 245,567 13,273 412,217 370,660 Community Activities 4,721,811 4,238,718 5,388,824 4,920,968 2,369,971 Operating Grants and Contributions 2,837,179 2,144,568 2,531,927 2,790,058 2,724,019 Capital Grants and Contributions 12,777,297 29,268,836 12,083,316 12,416,072 12,471,722 Total Government Activities: 30,898,582 45,624,687 29,920,986 31,471,351 27,450,786 Business-Type Activities:

Charges for Services
Water 17,639,091 24,979,440 28,469,053 27,106,096 30,074,927 Sewer 13,861,477 14,756,465 14,635,697 14,894,626 15,235,355 Golf 3,825,552 3,678,545 3,772,104 3,713,019 3,225,018 Transit (1) 25,560 25,229 27,592 25,394 20,653 Storm Drain 788,101 872,260 747,726 744,402 719,550 Cemetery 72,743 120,202 283,690 161,243 205,447 Pleasanton Housing Authority 129,879 - - - - Electric Vehicle 4,054 - - - - Operating Grants and Contributions 244,749 107,176 72,092 78,908 77,075 Capital Grants and Contributions 8,215,464 5,072,145 1,879,164 1,223,357 1,519,616 Total Business-Type Activities 44,806,670 49,611,462 49,887,118 47,947,045 51,077,641 Total Primary Government Revenues 75,705,252$ 95,236,149 $ 79,808,104 $ 79,418,396 $ 78,528,427 $ Expenses
Governmental Activities:

General Government 11,626,959$ 13,262,964 $ 13,642,305$ 15,463,935$ 17,948,798$ Public Safety 44,667,204 50,423,097 49,340,797 52,306,605 53,337,713 Community Development 14,680,399 15,053,634 20,126,026 16,697,040 17,485,023 Public Works (2) 23,621,666 26,341,007 29,609,753 33,754,591 34,917,629 Community Activities 13,158,251 14,281,965 15,343,079 15,852,817 15,659,688 Interest on Long-Term Debt 22,828 21,469 24,728 28,035 24,873 Total Government Activities: 107,777,307 119,384,136 128,086,688 134,103,023 139,373,724 Business-Type Activities:

Water 18,390,589 27,775,558 28,476,375 27,667,694 32,293,274 Sewer 14,986,417 15,952,170 16,243,756 17,308,963 16,281,822 Golf 4,896,052 4,955,932 5,129,759 4,849,230 4,733,225 Storm Drain 2,426,049 2,502,935 1,866,129 2,570,902 2,800,668 Transit 647,326 647,029 724,243 667,324 511,788 Cemetery 20,755 266,740 187,186 245,796 264,288 Pleasanton Housing Authority 347,495 134 166 59 4 Electric Vehicle 2,500 - - - - Total Business-Type Activities 41,717,183 52,100,498 52,627,614 53,309,968 56,885,069 Total Primary Government Expense 149,494,490$ 171,484,634 $ 180,714,302 $ 187,412,991 $ 196,258,793 $ Notes:

City of Pleasanton
Fiscal Year Ended June 30
(accrual basis of accounting)
Last Ten Fiscal Years
Changes in Net Position
(2) In 2024, Operations Services and Engineering were merged together to become the new Public Works Department. (1) During 2021, the City awarded an operator agreement to Black Tie Transportation, LLC to assume management and daily operations of the City of Pleasanton's Paratransit Service (PPS). As part of the agreement, Black Tie Transportation, LLC retains all fare box revenue collected. 254

2021 2022 2023 2024 2025
Program Revenues
Governmental Activities:

Charges for Services
General Government 1,850,615$ 3,096,280 $ 517,783 $ 429,800 $ 299,005 $ Public Safety 1,697,967 3,076,866 2,148,691 2,239,666 2,225,742 Community Development 6,908,248 9,644,065 8,144,440 6,278,838 7,856,880 Public Works (2) 470,214 391,991 550,683 1,081,232 4,846,879 Community Activities 1,391,682 3,709,110 4,226,609 4,767,567 5,196,686 Operating Grants and Contributions 8,743,755 6,855,375 7,395,902 13,573,030 9,027,593 Capital Grants and Contributions 9,720,229 9,388,711 11,035,351 13,658,372 20,456,338 Total Government Activities: 30,782,710 36,162,398 34,019,459 42,028,505 49,909,123 Business-Type Activities:

Charges for Services
Water 32,117,734 28,915,523 28,164,385 33,117,123 41,514,935 Sewer 15,785,961 15,989,841 15,659,500 16,837,884 17,612,545 Golf 4,534,434 5,981,897 5,918,315 6,314,582 6,511,970 Transit (1) 13,493 - - - - Storm Drain 525,758 524,912 545,016 528,755 540,484 Cemetery 227,259 203,420 176,279 191,901 316,008 Pleasanton Housing Authority - - - - - Electric Vehicle - - - - - Operating Grants and Contributions 451,879 691,016 766,047 2,014,206 2,385,133 Capital Grants and Contributions - - - 878,000 - Total Business-Type Activities 53,656,518 52,306,609 51,229,542 59,882,451 68,881,075 Total Primary Government Revenues 84,439,228$ 88,469,007 $ 85,249,001 $ 101,910,956 $ 118,790,198 $ Expenses
Governmental Activities:

General Government 16,669,694$ 16,238,327 $ 21,556,548$ 26,426,724$ 27,197,842$ Public Safety 57,790,167 47,661,010 52,909,879 65,733,516 67,134,971 Community Development 27,169,629 15,839,480 20,008,311 13,910,529 22,150,445 Public Works (2) 31,508,267 26,926,085 31,223,118 39,490,711 45,146,277 Community Activities 12,686,876 11,765,188 16,142,994 18,141,424 17,246,368 Interest on Long-Term Debt 25,109 22,089 25,123 256,573 355,372 Total Government Activities: 145,849,742 118,452,179 141,865,973 163,959,477 179,231,275 Business-Type Activities:

Water 32,013,503 31,712,223 34,226,745 39,763,366 47,998,858 Sewer 17,080,279 17,695,297 19,408,703 19,853,028 20,895,902 Golf 5,063,628 5,533,360 6,196,503 7,054,062 7,789,414 Storm Drain 2,433,953 2,087,642 2,728,994 2,670,738 2,924,253 Transit 421,539 392,660 521,348 557,053 586,167 Cemetery 289,197 356,262 396,153 389,418 348,583 Pleasanton Housing Authority - - - - - Electric Vehicle - - - - - Total Business-Type Activities 57,302,099 57,777,444 63,478,446 70,287,665 80,543,177 Total Primary Government Expense 203,151,841$ 176,229,623 $ 205,344,419 $ 234,247,142 $ 259,774,452 $ Notes:

Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year Ended June 30
City of Pleasanton
(1) During 2021, the City awarded an operator agreement to Black Tie Transportation, LLC to assume management and daily operations of the City of Pleasanton's Paratransit Service (PPS). As part of the agreement, Black Tie Transportation, LLC retains all fare box revenue collected. (2) In 2024, Operations Services and Engineering were merged together to become the new Public Works Department.

Changes in Net Position (Continued)
255

2016 2017 2018 2019 2020
Net (Expenses)/Revenue:

Governmental Activities: (77,590,854)$ (74,023,542)$ (98,361,115)$ (102,631,672)$ (102,631,672) $ Business-Type Activities: 3,801,616 (2,224,943) (2,545,083) (5,362,923) (5,362,923) Total Net (Expense)/Revenue (73,789,238) (76,248,485) (100,906,198) (107,994,595) (117,730,366) Position
Governmental Activities:

Taxes
Property taxes 57,276,734 61,203,788 65,730,411 69,930,013 74,257,259 Sales tax 23,543,972 23,362,536 21,764,560 22,959,956 20,662,385 Franchise fees 2,570,130 2,637,490 2,685,070 3,075,783 4,984,643 Business licenses taxes (1) - - - - - Transient occupancy taxes (1) - - - - - Other taxes (1) 10,680,021 11,286,091 11,734,873 11,917,437 10,380,382 Use of money and property (loss on investment) 1,878,574 1,029,883 1,087,214 7,443,513 6,238,557 Miscellaneous 1,647,178 750,129 165,541 385,830 409,060 Gain(Loss) on sale of capital assets (2) - - - - - Transfers 291,205 (488,321) (1,100,016) (818,540) (1,210,378) Total Government Activities: 97,887,814 99,781,596 102,067,653 114,893,992 115,721,908 Business-Type Activities:

Use of money and property (loss on investment) 486,865 208,100 353,862 1,549,905 1,645,696 Miscellaneous 314,805 272,743 714,489 2,650,540 1,177,745 Transfers (291,205) 488,321 1,100,016 818,540 1,210,378 Total Business-Type Activities 510,465 969,164 2,168,367 5,018,985 4,033,819 Total Primary Government 98,398,279 100,750,760 104,236,020 119,912,977 119,755,727 Change in Net Position
Governmental Activities: 20,296,960 25,758,054 3,706,538 12,262,320 3,798,970 Business-Type Activities: 4,312,081 (1,255,779) (376,716) (343,938) (1,773,609) Total Primary Government 24,609,041$ 24,502,275$ 3,329,822$ 11,918,382$ 2,025,361$ Notes:
(1) In 2021, taxes were separated from Other taxes due to GFOA comments received on the FY20 CAFR. (2) In 2021, Gain on sale of capital assets was separated from Miscellaneous revenue.

Fiscal Year Ended June 30
(accrual basis of accounting)
Last Ten Fiscal Years
Changes in Net Position (Continued)
City of Pleasanton
256

2021 2022 2023 2024 2025
Net (Expenses)/Revenue:

Governmental Activities: (115,067,032)$ (82,289,781) $ (107,846,514)$ (121,930,972) $ (129,322,152) $ Business-Type Activities: (3,645,581) (5,470,835) (12,248,904) (10,405,214) (11,662,102) Total Net (Expense)/Revenue (118,712,613) (87,760,616) (120,095,418) (132,336,186) (140,984,254) Position
Governmental Activities:

Taxes
Property taxes 77,667,357 80,185,672 86,075,776 90,241,390 92,605,525 Sales tax 21,883,038 24,554,367 26,183,661 24,601,129 25,890,485 Franchise fees 2,941,829 3,028,577 3,284,092 3,440,134 3,534,124 Business licenses taxes (1) 4,870,543 5,294,430 5,853,515 5,802,541 6,706,963 Transient occupancy taxes (1) 2,014,843 3,706,353 5,004,019 5,259,180 5,337,470 Other taxes (1) 1,285,625 1,506,516 725,627 908,069 874,963 Use of money and property (loss on investment) 9,262,172 (12,797,952) 1,501,419 8,688,149 10,461,356 Miscellaneous 557,808 926,486 3,161,587 1,865,484 2,709,658 Gain(Loss) on sale of capital assets (2) 80,336 158,205 105,290 - - Transfers (520,103) (1,386,071) (1,736,360) (2,778,179) (15,306,470) Total Government Activities: 120,043,448 105,176,583 130,158,626 138,027,897 132,814,074 Business-Type Activities:

Use of money and property (loss on investment) 194,579 (2,770,311) 12,250 2,455,033 2,964,136 Miscellaneous 1,782,198 5,457,714 1,987,397 1,212,132 1,403,364 Transfers 520,103 1,386,071 1,736,360 2,778,179 15,306,470 Total Business-Type Activities 2,496,880 4,073,474 3,736,007 6,445,344 19,673,970 Total Primary Government 122,540,328 109,250,057 133,894,633 144,473,241 152,488,044 Change in Net Position
Governmental Activities: 4,976,416 22,886,802 22,312,112 16,096,925 3,491,922 Business-Type Activities: (1,148,701) (1,397,361) (8,512,897) (3,959,870) 8,011,868 Total Primary Government 3,827,715$ 21,489,441$ 13,799,215$ 12,137,055$ 11,503,790$ Notes:
(1) In 2021, taxes were separated from Other taxes due to GFOA comments received on the FY20 CAFR. (2) In 2021, Gain on sale of capital assets was separated from Miscellaneous revenue. (accrual basis of accounting)
Fiscal Year Ended June 30
City of Pleasanton
Changes in Net Position (Continued)
Last Ten Fiscal Years
257

2016 2017 2018 2019 2020
General Fund
Nonspendable 121,900$ 75,199$ 45,688$ 524,566$ 515,352$ Restricted (1) - - - - 17,479,186 Committed (2) 12,019,088 11,634,112 - - - Unassigned 8,481,624 10,763,003 27,610,496 29,077,433 19,279,867 Total General Fund 20,622,612$ 22,472,314$ 27,656,184$ 29,601,999$ 37,274,405$ All Other Governmental Funds
Restricted 61,029,572$ 65,496,260$ 62,433,733$ 72,361,830$ 78,114,091$ Committed 1,980,559 - - - - Assigned 15,607,802 21,279,871 26,598,477 32,319,322 33,573,206 Unassigned (521,393) (1,165,707) - - - Total All Other Governments Funds 78,096,540$ 85,610,424 $ 89,032,210 $ 104,681,152 $ 111,687,297 $ Notes:

City of Pleasanton
(3) 2023 balances were restated due to error corrections. (accrual basis of accounting)
Last Ten Fiscal Years
Fund Balances of Governmental Funds
(2) Committed fund balance in the General Fund in 2025 represents Reserves for COVID Response and Recovery, Strategic Plan Implementation, and the Emergency and Capital Reserves.
(1) Restricted fund balance in the General Fund represents a portion of the amounts held in the City's PARS 115 Pension Trust Fund.

Fiscal Year Ended June 30
258

2021 2022 2023(3)
2024 2025
General Fund
Nonspendable 515,007$ 515,007$ 515,007$ 500,000$ 500,000$ Restricted (1) 18,566,741 17,625,110 18,210,562 19,474,282 20,866,377 Committed (2) - 11,612,462 8,999,700 8,099,128 7,789,128 Unassigned 24,653,598 22,411,988 29,559,876 33,881,954 37,702,475 Total General Fund 43,735,346$ 52,164,567$ 57,285,145$ 61,955,364$ 66,857,980$ All Other Governmental Funds
Restricted 74,314,024$ 67,967,942$ 77,116,314$ 80,577,099$ 79,371,519$ Committed - - - 6,125,219 6,063,054 Assigned 34,878,243 37,407,829 39,339,775 39,945,507 31,264,293 Unassigned (697,414) - (123,118) - (230,358) Total All Other Governments Funds 108,494,853$ 105,375,771 $ 116,332,971 $ 126,647,825 $ 116,468,508 $ Notes:

City of Pleasanton
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
(3) 2023 balances were restated due to error corrections.

Fiscal Year Ended June 30
(1) Restricted fund balance in the General Fund represents a portion of the amounts held in the City's PARS 115 Pension Trust Fund. (2) Committed fund balance in the General Fund in 2025 represents Reserves for COVID Response and Recovery, Strategic Plan Implementation, and the Emergency and Capital Reserves.
259

2016 2017 2018 2019 2020
Revenues:

Taxes 91,902,097$ 96,300,774$ 99,707,057$ 105,321,095$ 105,812,873$ Assessments 206,219 207,293 205,355 209,533 207,333 Licenses (2) 10,270 9,409 9,558 8,436 7,505 Licenses and permits (2) 3,307,959 3,598,675 3,190,162 3,347,546 2,717,733 Intergovernmental 5,862,784 6,756,014 7,328,741 7,730,043 7,264,929 Franchises 2,570,130 2,637,490 2,685,070 3,075,783 8,326,928 Charges for Services 2,095,908 1,578,779 1,624,583 1,402,568 1,313,568 Use of Money and Property (Investment Loss) 1,896,314 1,329,461 1,541,498 5,221,554 4,984,621 Fines and Forfeitures 308,911 355,300 289,652 361,410 274,002 Plan Check fees 2,776,668 2,856,220 2,559,503 2,121,702 1,954,136 Contributions 864,641 676,935 618,492 727,802 935,244 Development Fees 7,791,583 16,489,666 5,576,884 5,152,526 2,131,626 Reimbursements 2,463,578 6,682,770 - - - Miscellaneous 1,865,217 1,584,539 5,297,525 4,871,504 4,407,463 Recreation Charges 4,242,435 4,107,359 5,204,196 4,775,360 2,310,189 128,164,714 145,170,684 135,838,276 144,326,862 142,648,150 Expenditures:

Current:

General Government 12,709,762 13,221,537 13,699,733 14,535,495 15,975,597 Public Safety 44,521,472 45,505,980 47,409,160 50,719,939 50,325,353 Community Development 18,949,408 20,792,152 18,241,639 17,829,747 16,672,236 Public Works (3) 18,028,059 17,439,410 19,610,005 20,509,438 20,817,782 Community Activities 12,314,149 12,522,912 13,184,276 13,593,436 12,708,258 Capital Outlay 21,499,776 20,737,214 15,357,331 7,982,326 12,420,752 Debt Service:

Principal 1,222,660 239,863 230,911 246,724 244,541 Interest & Fiscal Charges 22,828 21,469 24,728 28,035 24,873 Total Expenditures 129,268,114 130,480,537 127,757,783 125,445,140 129,189,392 Excess/(Deficiency of Revenues
Over/(Under) Expenditures (1,103,400) 14,690,147 8,080,493 18,881,722 13,458,758 Other Financing Sources (Uses):

Loan Proceeds 1,198,962 - - - - Transfers In 9,784,448 12,590,762 14,051,836 13,742,275 11,596,091 Transfers Out (14,838,139) (17,917,323) (13,526,673) (15,029,240) (10,376,298) Issuance of Loan - - - - - Lease and Subscriptions - - - - - Total Other Financing Sources (Uses) (3,854,729) (5,326,561) 525,163 (1,286,965) 1,219,793 Net Change in Fund Balances (4,958,129) 9,363,586 8,605,656 17,594,757 14,678,551 Fund Balances:

Beginning of Year 103,677,281 98,719,152 108,082,738 116,688,394 - End of Year 98,719,152$ 108,082,738$ 116,688,394$ 134,283,151$ 14,678,551$ Debt Service as a Percentage of Noncapital
Expenditure (1)

1.15% 0.24% 0.22% 0.23% 0.23%
Notes:
(3) In 2024, Operations Services and Engineering were merged together to become the new Public Works Department. (4) In 2024, Beginning of Year Fund Balance was restated.

Fiscal Year Ended June 30
(1) The amount of capital outlay used to calculate the ratio of total debt s ervice expenditures to noncapital expenditures is presented as the reconciling item for capital outlay in the reconciliation between the government-wide statement of activities and the statement of revenues, expenditures, and changes in fund balance.
(2) In 2021, Licenses was merged with Licenses and permits due to its immaterial amount.

City of Pleasanton
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
(accrual basis of accounting)
260

2021 2022 2023 2024 2025
Revenues:

Taxes 108,256,799$ 115,858,531$ 124,467,976$ 126,812,309$ 131,415,406$ Assessments 218,366 212,095 212,810 216,179 218,319 Licenses (2) - - - - - Licenses and permits (2) 3,105,893 4,983,302 3,601,131 3,914,590 5,031,189 Intergovernmental 13,216,419 13,264,258 12,929,476 14,389,362 11,958,226 Franchises 2,941,829 3,028,577 3,284,092 3,440,134 4,034,124 Charges for Services 1,189,702 1,984,037 1,552,402 1,369,709 1,226,521 Use of Money and Property (Investment Loss) 2,475,138 (7,481,535) (962,909) 9,485,979 12,937,024 Fines and Forfeitures 169,570 229,513 216,676 209,856 204,167 Plan Check fees 1,902,418 3,104,813 3,199,296 2,007,539 3,528,818 Contributions 2,274,944 430,132 373,216 1,106,382 923,411 Development Fees 1,922,309 3,040,318 4,253,025 2,625,960 6,851,133 Reimbursements - - - - - Miscellaneous 5,842,012 9,307,600 10,128,630 11,622,537 14,303,101 Recreation Charges - - - - - 143,515,399 147,961,641 163,255,821 177,200,536 192,631,439 Expenditures:

Current:

General Government 15,853,998 17,881,106 20,085,931 25,911,983 26,966,613 Public Safety 52,073,568 55,040,561 57,380,788 64,197,183 66,648,963 Community Development 24,648,286 17,675,974 19,096,652 11,525,146 13,600,836 Public Works (3) 20,702,218 19,845,001 22,831,630 30,299,676 32,026,262 Community Activities 10,386,941 12,781,002 14,971,191 16,236,566 15,435,434 Capital Outlay 17,776,409 17,605,109 15,991,943 13,318,607 42,377,118 Debt Service:

Principal 226,406 238,275 641,901 1,072,564 990,530 Interest & Fiscal Charges 25,109 22,089 25,123 77,571 45,414 Total Expenditures 141,692,935 141,089,117 151,025,159 162,639,296 198,091,170 Excess/(Deficiency of Revenues
Over/(Under) Expenditures 1,822,464 6,872,524 12,230,662 14,561,240 (5,459,731) Other Financing Sources (Uses):

Loan Proceeds - - - - - Transfers In 10,809,142 11,000,861 10,431,684 7,200,783 10,021,140 Transfers Out (9,363,109) (12,563,246) (14,160,982) (7,955,830) (24,299,610) Issuance of Loan - - - - 12,758,240 Lease and Subscriptions - - 1,485,405 1,178,880 1,703,260 Total Other Financing Sources (Uses) 1,446,033 (1,562,385) (2,243,893) 423,833 183,030 Net Change in Fund Balances 3,268,497 5,310,139 9,986,769 14,985,073 (5,276,701) Fund Balances:

Beginning of Year 148,961,702 152,230,199 157,540,338 173,618,116 188,603,189 End of Year 152,230,199$ 157,540,338$ 167,527,107$ 188,603,189$ 183,326,488$ Debt Service as a Percentage of Noncapital
Expenditure (1)

0.20% 0.21% 0.50% 0.77% 0.65%
Notes:

Fiscal Year Ended June 30
(1) The amount of capital outlay used to calculate the ratio of total debt s ervice expenditures to noncapital expenditures is presented as the reconciling item for capital outlay in the reconciliation between the government-wide statement of activities and the statement of revenues, expenditures, and changes in fund balance.
(2) In 2021, Licenses was merged with Licenses and permits due to its immaterial amount. (3) In 2024, Operations Services and Engineering were merged together to become the new Public Works Department. (4) In 2024, Beginning of Year Fund Balance was restated.

City of Pleasanton
Changes in Fund Balances - Governmental Funds (Continued) Last Ten Fiscal Years
(accrual basis of accounting)
261

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262

Revenue Capacity Information
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years Principal Property Tax Payers - Current Year & Nine Years Ago Property Tax Levies and Collections - Last Ten Fiscal Years 263

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264

Fiscal Year Net Taxable Total
Ended Net Public Net Assessed Direct Tax
June 30 Secured Utilities Unsecured Value (1) Rate (2)
2016 18,941,502,719$ 865,618$ 804,706,503$ 19,747,074,840$ 0.2971% 2017 20,020,565,177 848,576 850,802,064 20,872,215,817 0.2971% 2018 21,273,403,047 184,502 864,794,746 22,138,382,295 0.2971% 2019 22,875,081,517 175,828 921,504,266 23,796,761,611 0.2971% 2020 24,040,121,665 176,156 1,200,845,680 25,241,143,501 0.2971% 2021 25,057,095,287 173,458 1,416,950,790 26,474,219,535 0.2971% 2022 25,935,106,293 160,599 1,262,780,885 27,198,047,777 0.2464% 2023 27,721,111,817 153,259 1,265,694,093 28,986,959,169 0.2464% 2024 29,287,300,559 148,598 1,365,443,058 30,652,892,215 0.2463% 2025 30,514,045,804 143,696 1,368,221,581 31,882,411,081 0.2463% (1)
(2)
Source: Alameda County Office of the Auditor-Controller & HDL Company Package The net taxable assessed value provided by Alameda County is the only data currently available with respect to the actual market value of taxable property.

Unsecured property is taxed at the prior year direct tax rate.

City of Pleasanton
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
265

2016 2017 2018 2019 2020
County Wide Levy (Net Pleasanton) 0.7029 0.7029 0.7029 0.7029 0.7029 City of Pleasanton 0.2971 0.2971 0.2971 0.2971 0.2971 County Wide GO Bond - - - 0.0112 0.0108 Dublin Joint Unified Bonds 1A & B (1) 0.0767 0.0972 0.1665 0.1452 0.1460 Pleasanton Unified School District 0.0239 0.0224 0.0672 0.0640 0.0642 Community College District 0.0198 0.0246 0.0445 0.0443 0.0422 Flood Zone 7 0.0343 0.0333 0.0359 0.0332 0.0309 Bay Area Rapid Transit District 0.0026 0.0080 0.0084 0.0070 0.0120 Livermore Joint Unified (1) 0.0404 0.0886 0.0803 0.0771 0.0743 Sunol Unified School District (1) 0.0429 0.0464 0.0489 0.0498 0.0495 East Bay Regional Park District 0.0067 0.0032 0.0021 0.0057 0.0060 Total 1.2473 1.3237 1.4538 1.4375 1.4359

Note: Rates are a percentage of total assessed value
(1) Rate information became available in 2020 and the information was added to all prior years.

Source: HDL Companies
Fiscal Year Ended June 30
Last Ten Fiscal Years
Direct and Overlapping Property Tax Rates
City of Pleasanton
266

2021 2022 2023 2024 2025
County Wide Levy (Net Pleasanton) 0.7029 0.7536 0.7536 0.7537 0.7451 City of Pleasanton 0.2971 0.2464 0.2464 0.2463 0.2550 County Wide GO Bond 0.0036 0.0041 0.0103 0.0088 0.0089 Dublin Joint Unified Bonds 1A & B (1) 0.1424 0.1964 0.1716 0.1612 0.1556 Pleasanton Unified School District 0.0580 0.0435 0.0422 0.0828 0.0805 Community College District 0.0214 0.0458 0.0388 0.0416 0.0393 Flood Zone 7 0.0309 0.0307 0.0279 0.0267 0.0243 Bay Area Rapid Transit District 0.0139 0.0060 0.0140 0.0134 0.0148 Livermore Joint Unified (1) 0.0691 0.0706 0.0638 0.0540 0.0475 Sunol Unified School District (1) 0.0483 - 0.0478 0.0491 0.0262 East Bay Regional Park District 0.0014 0.0020 0.0058 0.0057 0.0013 Total 1.3890 1.3991 1.4222 1.4433 1.3984 Note: Rates are a percentage of total assessed value
(1) Rate information became available in 2020 and the information was added to all prior years.

Source: HDL Companies
Fiscal Year Ended June 30
City of Pleasanton
Direct and Overlapping Property Tax Rates (Continued)
Last Ten Fiscal Years
267

Percent of Percent of
Taxable Total City Taxable Total City
Assessed Taxable Assessed Taxable
Value Assessed Value Assessed
Taxpayer Value Taxpayer Value
Workday Inc. 679,093,377$ 2.13% Kaiser 282,061,589$ 1.42% Kaiser 324,250,922 1.02% Stoneridge Properties 248,226,241 1.25% Stoneridge Creek Pleasanton CCRC LLC 294,837,306 0.92% Stoneridge Creek Pleasanton CCRC LLC 179,354,560 0.90% Stoneridge Properties 291,452,520 0.91% SFI Pleasanton LLC 164,669,195 0.83% Rosewood Commons Property Owner LLC 276,502,533 0.87% Stoneridge Residential LLC 151,025,264 0.76% Oak Owens 20172020 LLC 268,485,759 0.84% Safeway INC 140,614,757 0.71% 10X GENOMICS INC 234,676,232 0.74% Oracle America Inc/ PeopleSoft 136,071,546 0.69% PCC Stoneridge II 233,844,373 0.73% 6200 Stoneridge Mall Road Investors LLC 136,055,226 0.69% Essex Pleasanton Owner LP 214,926,440 0.67% Tishman Speyer Archstone Smith Hacienda 130,800,405 0.66% GSIC II Stoneridge Owner LP 179,058,537 0.56% Applera Corporation 107,085,334 0.54% 2,997,127,999$ 9.40% 1,675,964,117$ 8.44%
Essex Pleasanton Owner LP
Source: HDL Companies
Current Year and Nine Years Ago
Principal Property Taxpayers
City of Pleasanton
FY 2024/2025 FY 2015/2016
268

Fiscal Year Taxes Levied for Delinquent Tax
Ended June 30 the Fiscal Year (1) Amount Percent of Levy Collections (2) 2016 (3)
57,899,615$ 57,173,499 $ 98.75% 726,117 $ 2017 61,659,431 60,767,127 98.55% 892,304 2018 66,218,618 65,322,759 98.65% 895,859 2019 70,267,279 69,447,293 98.83% 819,986 2020 74,457,940 73,648,416 98.91% 809,524 2021 78,483,796 77,450,130 98.68% 1,033,666 2022 78,614,724 77,577,372 98.68% 1,037,352 2023 86,998,448 85,807,728 98.63% 1,190,720 2024 91,309,122 89,985,598 98.55% 1,323,524 2025 93,724,506 92,322,622 98.50% 1,401,884 (1)
(2)
(3)
Source: Alameda County Office of the Auditor-Controller Alameda County does not provide delinquent tax collection data by levy year or distinguish between delinquent taxes and penalties and interest, so the amounts shown in the delinquent tax collections column include the delinquency collections for all prior years, including penalties and interest, that were remitted to the City in each fiscal year.

Backfill payments from Proposition 57, The California Economic R ecovery Bond Act (Triple Flip) ended during 2016. Local agencies now receive the full one
percent local sales tax, and no backfill payment will be required in the future.

Total Tax Levy includes estimated Unitary Tax, estimated supplemental assessments, homeowners' exemptions, In Lieu Vehicle License Fees and In Lieu Sales and Use Tax. Educational Revenue Augmentation Fund payments have been deducted from the Total Tax Levy beginning in 1993.

City of Pleasanton
Property Tax Levies and Collections
Last Ten Fiscal Years
Collection within the Fiscal Year of Levy
269

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270

Debt Capacity Information
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years Ratio of General Bonded Debt Outstanding - Last Ten Fiscal Years Direct and Overlapping Debt - Year Ended June 30, 2025
Legal Debt Margin - Last Ten Fiscal Years
Pledged-Revenue Coverage for the Water Fund - Last Ten Fiscal Years 271

Fiscal Year Total
Ended Notes and Financed Governmental
June 30 Leases Subscri ptions Purchase Pa yable Activities 2016 -$ 2,156,627 $ 2,156,627 $ 2017 - 1,916,764 1,916,764 2018 - 1,685,853 1,685,853 2019 - 1,439,129 1,439,129 2020 - 1,194,588 1,194,588 2021 - 968,182 968,182 2022 - 729,907 729,907 2023 987,411 586,000 1,573,411 2024 1,094,421 220,353 3,293,887 4,608,661 2025 111,773 1,927,824 15,547,960 17,587,557 (1) In June 2024, the City issued $17,275,000 with a premium of $1,959,574 of Water Revenue Bonds, Series 2024 to finance certain improvements to the City's Water system, and the Series 2017 Water Bonds were fully paid off in April 2024.

Governmental Activities
City of Pleasanton
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
272

Fiscal Year Water Notes/Loans Total Percenta geD e b t
Ended Revenue Finance Purch. Primar y of Personal Per
June 30 Bonds (1) Pa yable Subscri ptions Government Income Ca pita 2016 -$ 6,084,296$ - $ 8,240,923$ 0.2% 113 $ 2017 7,100,000 10,535,992 - 19,552,756 0.5% 260.77 2018 6,305,000 10,167,186 - 18,158,039 0.5% 239.19 2019 5,460,000 9,914,295 - 16,813,424 0.4% 212.29 2020 4,600,000 9,804,045 - 15,598,633 0.3% 193.79 2021 3,720,000 10,265,344 - 14,953,526 0.3% 188.18 2022 2,820,000 9,746,636 - 13,296,543 0.2% 169.66 2023 1,900,000 9,352,597 504,169 13,330,177 0.2% 171.76 2024 19,234,574 9,205,517 767,498 33,816,250 0.5% 445.18 2025 18,828,482 8,724,009 235,728 45,375,776 0.7% 587.53 (1) In June 2024, the City issued $17,275,000 with a premium of $1,959,574 of Water Revenue Bonds, Series 2024 to finance certain improvements to the City's Water system, and the Series 2017 Water Bonds were fully paid off in April 2024.

Business-Type Activities
City of Pleasanton
Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years
273

Fiscal Year General Tax Percent of
Ended Obligation Allocation Assessed Per
June 30 Bonds Bonds Total Value Capita
2016 -$ - $ - $ 0.000% - $ 2017 - - - 0.000% - 2018 - - - 0.000% - 2019 - - - 0.000% - 2020 - - - 0.000% - 2021 - - - 0.000% - 2022 - - - 0.000% - 2023 - - - 0.000% - 2024 - - - 0.000% - 2025 - - - 0.000% - Governmental Activities
Last Ten Fiscal Years
Ratio of General Bonded Debt Outstanding
City of Pleasanton
274

2024/25 Net Assessed Valuation: 31,882,411,081$
Overlapping Tax Debt:

Outstanding
Debt 06/30/25
Percentage
Applicable (1)
Estimated Share of
Overlapping Debt
Alameda County 478,925,000$ 7.580% 36,302,515 $
Bay Area Rapid Transit District 2,391,260,000 3.043% 72,766,042 Chabot-Las Positas Community College District 892,445,000 18.435% 164,522,236 Dublin Joint Unified School District 742,860,000 0.001% 7,429 Livermore Valley Joint Unified School District 220,800,000 1.605% 3,543,840 Pleasanton Unified School District 455,950,000 97.724% 445,572,578 Sunol Glen Unified School District 6,900,000 0.002% 138 East Bay Regional Park District 145,930,000 4.747% 6,927,297 Total Overlapping Tax Debt: 729,642,075$
Ratios to Net Assessed Valuation:

Total Overlapping Tax Debt 2.29%
Direct and Overlapping General Fund Debt:

Alameda County General Fund Obligations 622,687,500$ 7.580% 47,199,713$ Dublin Unified School District General Fund Obligations 24,088,920 0.001% 241 Livermore Valley Joint Unified School District General Fund Obligations 13,638,427 1.605% 218,897 Pleasanton Unified School District General Fund Obligations 30,000,000 97.724% 29,317,200 Livermore Area Recreation and Park District Pension Obligation Bonds 10,550,000 3.253% 343,192 City of Pleasanton Notes, Subscriptions and Leases 17,587,557 100.000% 17,587,557 Total Direct and Overlapping General Fund Debt: 94,666,799 Combined Total Debt 824,308,874$ (2)
Total Direct Debt 17,587,557$
Total Overlapping Debt 806,721,317
Combined Total Debt 824,308,874$ (2)
(1)
(2)
Ratios to Assessed Valuation:

Total Overlapping Tax and Assessment Debt 2.29%
Total Direct Debt ($17,587,557) 0.055%
Combined Total Debt 2.59%
Sources: California Municipal Statistics, Inc., Alameda County Office of the Auditor-Controller, and City of Pleasanton Department of Finance.

City of Pleasanton
Direct and Overlapping Debt
For the Year ended June 30, 2025
Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total taxable assessed value.
275

2016 2017 2018 2019 2020
Net Assessed Valuation 19,747,074,840$ 20,872,215,817 $ 22,138,382,295 $ 23,796,761,611 $ 25,241,143,501 $ Conversion Percentage
for Calculation of Debt Limit 25% 25% 25% 25% 25%
Adjusted Assessed Valuation 4,936,768,710 5,218,053,954 5,534,595,574 5,949,190,403 6,310,285,875 Debt Limit Percentage 15% 15% 15% 15% 15%
Legal Debt Limit 740,515,307 782,708,093 830,189,336 892,378,560 946,542,881 Amount of Debt Subject to Limit - - - - -

Legal Debt Margin 740,515,307$ 782,708,093 $ 830,189,336 $ 892,378,560 $ 946,542,881 $ Total Debt Applicable to Limit as
a Percentage of Debt Limit 0.00% 0.00% 0.00% 0.00% 0.00% Source: City of Pleasanton Finance Department
Alameda County Office of the Auditor-Controller
Fiscal Year Ended June 30
Last Ten Fiscal Years
Legal Debt Margin
City of Pleasanton
276

2021 2022 2023 2024 2025
Net Assessed Valuation 26,474,219,535$ 27,198,047,777 $ 28,986,959,169 $ 30,652,892,215 $ 31,882,411,081 $ Conversion Percentage
for Calculation of Debt Limit 25% 25% 25% 25% 25%
Adjusted Assessed Valuation 6,618,554,884 6,799,511,944 7,246,739,792 7,663,223,054 7,970,602,770 Debt Limit Percentage 15% 15% 15% 15% 15%
Legal Debt Limit 992,783,233 1,019,926,792 1,087,010,969 1,149,483,458 1,195,590,416 Amount of Debt Subject to Limit - - - - - Legal Debt Margin 992,783,233$ 1,019,926,792 $ 1,087,010,969 $ 1,149,483,458 $ 1,195,590,416 $ Total Debt Applicable to Limit as
a Percentage of Debt Limit 0.00% 0.00% 0.00% 0.00% 0.00% Source: City of Pleasanton Finance Department
Alameda County Office of the Auditor-Controller
Fiscal Year Ended June 30
City of Pleasanton
Legal Debt Margin (Continued)
Last Ten Fiscal Years
277

Fiscal Year Less Net
Ended Water Operating Available Debt Service
June 30 Revenue s Expenses Revenue Princi pal Interest Total Coverage 2016 18,236,204$ 14,034,696 $ 4,201,508 $ - $ - $ - $ N/A 2017 25,664,616 19,784,665 5,879,951 - 152,756 152,756 38.49 2018 28,778,209 22,214,564 6,563,645 1,097,501 241,580 1,339,081 4.90 2019 27,555,651 22,115,662 5,439,989 1,143,335 227,782 1,371,117 3.97 2020 30,701,446 25,923,528 4,777,918 1,161,318 206,496 1,367,814 3.49 2021 33,249,401 27,280,341 5,969,060 1,184,331 184,815 1,369,146 4.36 2022 30,392,165 27,002,502 3,389,663 1,239,256 175,620 1,414,876 2.40 2023 29,268,783 28,497,694 771,089 1,259,117 145,918 1,405,035 0.55 2024 36,924,353 32,394,268 4,530,085 2,242,508 118,990 2,361,498 1.92 2025 43,556,159 35,716,391 7,839,768 745,934 937,676 1,683,609 4.66 Source: City of Pleasanton, Finance Department
City of Pleasanton
Pledged-Revenue Coverage for the Water Fund
Last Ten Fiscal Years
Note: Revenue and expense totals differ from totals in the financial statements because bond rate covenants include and exclude various line item amounts (e.g. depreciation and General Fund interfund transfer that was subordinate to the payment of Bonds). 278

Demographic and Economic Information
Demographic and Economic Statistics - Last Ten Years
Principal Employers - Current Year and Nine Years Ago
Full-Time, Part-Time and Limited Term Employees by Function - Last Ten Fiscal Years 279

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280

Per Capita
Personal Personal Unemployment
Year Population Income Income Rate
2015 74,982 3,729,303,000$ 49,736$ 3.7% 2016 75,916 3,926,999,000 51,728 3.3%
2017 79,201 4,296,377,000 54,246 2.2%
2018 80,492 4,765,758,000 59,208 2.5%
2019 79,464 5,214,992,000 65,627 2.5%
2020 78,371 5,683,504,000 72,520 6.3%
2021 77,609 5,734,230,000 73,886 4.5%
2022 76,459 6,077,723,000 79,490 2.7%
2023 75,960 6,550,249,000 86,233 3.7%
2024 77,232 6,676,723,000 86,450 4.3%
Source: HDL Companies - Statistical Package
Most current year available from HDL is for 2024
Last Ten Years
Demographic and Economic Statistics
City of Pleasanton
281

Percent of Percent of
Number of Total Number of Total
Employer Employees Employment Employer Employees Employment Workday Inc* (1) 5,387 9.10% Kaiser Permanente 3,741 6.79% The Permanente Medical Group Inc. 1,414 2.39% Workda y 2,250 4.09% Stanford Health Care Trivalley 1,124 1.90% Safeway Inc 1,681 3.05% Safeway Inc* (1) 1,110 1.88% Oracle 1,557 2.83% Kaiser Foundation Health Plan 1,001 1.69% Pleasanton Unified School District 1,444 2.62% Ice Mortgage Technology Inc 997 1.68% Valley Care Medical Center 1,400 2.54% Veeva Systems Inc* (1) 945 1.60% Ellie Mae 1,000 1.82% Oracle America Inc 882 1.49% State Compensation Ins. Fund 787 1.43% Kaiser Foundation Hospitals 678 1.15% Roche Molecular Systems Inc. 750 1.36% Roche Molecular Systems Inc. 643 1.09% Blackhawk Network Inc. 736 1.34% Life Technologies 579 0.98% The Clorox Company 715 1.30% 10x Genomics* (1) 486 0.82% Thermo Fisher Scientific 579 1.05% SMM Facilities Inc 475 0.80% Veeva Systems 538 0.98% Costco Wholesale #1341 357 0.60% Macy's 523 0.95% Clorox Services Company 354 0.60% EMC Corporation 507 0.92% (1) Headquarters
Sources: City of Pleasanton Economic Development Department City of Pleasanton
Principal Employers
Current Year and Nine Years Ago
FY 2024/25 FY 2015/16
282

Function 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 General Government 39.0 40.0 38.6 38.6 41.3 41.3 43.6 48.0 48.4 50.4 Public Safety (1) 178.0 178.1 181.5 182.5 181.3 181.3 182.3 182.5 183.0 182.5 Community Development 51.5 51.5 55.1 54.1 52.5 52.5 54.5 47.0 28.7 29.2 Public Works (2) 61.5 62.0 61.2 62.5 62.2 62.2 61.5 61.5 79.5 80.9 Community Activities 44.5 45.5 46.5 46.5 50.5 50.5 51.0 51.0 51.1 50.1 Utilities & Paratransit 38.0 40.5 41.3 41.1 43.2 45.6 40.4 40.6 40.5 40.5 Total 412.5 417.6 424.2 425.4 430.9 433.3 433.3 430.57 431.03 433.43 (1)
(2)
Source: City of Pleasanton Budget
Last Ten Fiscal Years
Full-Time, Part-Time and Limited Term Employees by Function City of Pleasanton
Fiscal Year Ended June 30
Public Safety includes Police personnel and the City of Pleasanton's cost share allocation of Livermore-Pleasanton Fire Department (LPFD) personnel per Joint Powers Agreement; does not include Livermore fire personnel in LPFD.

In 2024, Operations Services and Engineering were merged together to become the new Public Works Department. 283

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284

Operating Information
Operating Indicators by Function - Last Ten Fiscal Years Capital Asset Statistics by Function - Last Ten Fiscal Years 285

2016 2017 2018 2019 2020
Fire:

Number of Responses (Pleasanton only) 5,133 5,579 6,010 5,954 5,624 Number of Inspections (Pleasanton only) 1,912 1,538 1,301 1,388 1,460 Library: (1)
Annual Circulation 353,184 1,223,999 1,217, 063 1,091,852 852,615 Gate Count (# of people thru the doors) (1) 521,042 527,240 607,451 594,225 399,594 e-Resources 87,876 71,667 69,826 97,482 212,275
Finance Department:

Business Licenses Issued 9,817 9,729 9,461 9,497 9,142
Parks & Community Services: (1)
Paratransit Trips 10,291 8,932 8,024 7,687 5,815
Golf Revenue Rounds Played 55,389 51,485 50,317 46,826 44,005 Aquatics Programs (No. of Participants) 39,992 39,992 32,296 35,102 23,953 Sports, Camps, Classes and Leagues
(No. of Participants) 62,817 56,155 58,405 61,475 18,196 Amador Theater & Firehouse Arts Center
(No. of Patrons) (2)
48,809 50,121 66,250 41,467 30,066
Public Works:

Streets Resurfacing (miles) 1.0 1.0 2.0 5.1 11.0
Utility Bills Generated 134,741 123,571 134,405 133,007 133,015 New Water Connections 99 54 42 75 56
Gallons Delivered (in million gallons/day) 10.9 mgd 11.2 mgd 11.8 mgd 12.2 mgd 13.1 mgd New Sewer Connections 374 79 83 98 64
Source: City of Pleasanton Community Services and Public Works Fiscal Year Ended June 30
(1) Due to the COVID-19 pandemic in 2020 and the resulting Alameda County Shelter-in-Place Order in March of 2020, non-essential City services (library and recreation) were shut-down resulting in decreases in numbers with the exception of Library e-Resources which increased. (2) Indoor theater performances were among the last of the facilities allo wed to open under state/county orders. They were allowed to open on April 15, 2021 with limited occupancy, the first show was in May 2021.

City of Pleasanton
Operating Indicators by Function
Last Ten Fiscal Years
286

2021 2022 2023 2024 2025
Fire:

Number of Responses (Pleasanton only) 5,615 6,363 6,777 6,961 6,461 Number of Inspections (Pleasanton only) 616 575 468 553 712 Library: (1)
Annual Circulation 463,420 828,312 801,846 884,953 879,312 Gate Count (# of people thru the doors) (1) 41,239 264,223 290,145 380,037 317,447 e-Resources 248,074 180,748 167,583 193,460 182,949
Finance Department:

Business Licenses Issued 8,040 8,150 8,011 8,125 8,331
Parks & Community Services: (1)
Paratransit Trips 1,810 3,468 5,475 6,726 8,502
Golf Revenue Rounds Played 70,792 79,752 72,340 73,759 73,292 Aquatics Programs (No. of Participants) 13,276 35,621 40,821 39,296 41,582 Sports, Camps, Classes and Leagues
(No. of Participants) 19,101 59,080 19,776 18,855 23,838 Amador Theater & Firehouse Arts Center
(No. of Patrons) (2)
1,096 3,398 19,151 19,286 16,851
Public Works:

Streets Resurfacing (miles) 16.0 8.6 7.5 9.5 7.3
Utility Bills Generated 141,594 137,409 136,442 136,539 136,470 New Water Connections 37 19 20 27 10
Gallons Delivered (in million gallons/day) 13.3 mgd 12.0 mgd 11.9 mgd 11.3 mgd 12.3 mgd New Sewer Connections 51 19 20 22 8
Source: City of Pleasanton Community Services and Public Works (1) Due to the COVID-19 pandemic in 2020 and the resulting Alameda County Shelter-in-Place Order in March of 2020, non-essential City services (library and recreation) were shut-down resulting in decreases in numbers with the exception of Library e-Resources which increased. (2) Indoor theater performances were among the last of the facilities allo wed to open under state/county orders. They were allowed to open on April 15, 2021 with limited occupancy, the first show was in May 2021.

Fiscal Year Ended June 30
City of Pleasanton
Operating Indicators by Function (Continued)
Last Ten Fiscal Years
287

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police:

Stations 11111 11111
Fire:

Stations (Pleasanton only) 55555 55555
Library:

Branches 11111 11111
Parks & Community Services:

Acres of Parks Maintained (1)
335 447 451 451 451 451 451 451 451 451
Municipal Golf Courses 11111 11111
Aquatic Centers 11111 11111
Senior Centers 11111 11111
Public Works:

Streets (miles) 215 216 208 208 208 208 213 215 215 215 Streetlights 6,262 6,534 6,534 6,534 6,534 6,534 6,534 6,537 6,539 6,539 Traffic Signals 104 106 106 106 108 108 109 109 109 112 Water:

Water mains (miles) 329 314 331 327 360 378 381 381 340 340 Pumping Capacity (gallons/day) 31.0M 31.0M 31.0M 31.0M 31.0M 31.0M 31.0M 31.0M 31.0M 31.0M Wastewater:

Sanitary Sewers (miles) 258 259 259 260 258 258 261 261 260 260 Storm Sewers (miles) 194 194 194 195 243 196 196 196 200 200 Source: City of Pleasanton Community Services and Public Works (1) In 2016, the Parks Dept began using GPS technology to better calculate the acres of parks in the City. The true number of acres has decreased to 335 based on the current audit of the parks.

City of Pleasanton
Capital Asset Statistics by Function
Last Ten Fiscal Years
Fiscal Year Ended June 30
288

City of Pleasanton
Alameda County Transportation
Commission
Measure B Program

Pleasanton, California

Independent Auditor’s Reports
and Financial Statements

For the Year Ended June 30, 2025

City of Pleasanton
Alameda County Transportation Commission
Measure B Program
For the Year Ended June 30, 2025

Table of Contents

Page

Independent Auditor’s Report on the Audit of Financial Statements ...................................................................... 1

Financial Statements:

Balance Sheet ............................................................................................................................................................ 7

Statement of Revenues, Expenditures, and Change in Fund Balance ....................................................................... 8

Notes to the Financial Statements ............................................................................................................................. 9

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 ............................................................................................. 13

Independent Auditor’s Report on Compliance and Report on Internal Control Over Compliance ..................................................................................................................... 15

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6 Hutton Centre Drive, Suite 1200
Santa Ana, California 92707

INDEPENDENT AUDITOR’S REPORT

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

Report on the Audit of the Financial Statements

Opinion

We have audited the financial stat ements of the City of Pleasanton Alameda County Transportation Commission Measure B Program (the “Program”) of the City of Pleasant on, California (the “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 referre d to above present fairly, in all material respects, the financial position of the Program of the City as of June 30, 2025, and the change 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 accept ed 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 Responsib ilities 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 Matters

Financial Statements Presentation

As discussed in Note 1, the financia l statements present only the Program and do not purport to, and do not, present fairly the financial position of the City as of June 30, 2025, the changes in its financial position, or where applicable, its cash flows 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.

Responsibility of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; 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.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

2 Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whet her 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 cont rol-related matters that we identified during the audit.

Required Supplementary Information

Management has omitted the management’s discussion and analysis that accoun ting 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 th e Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing 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.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards , we have also issued our repor t dated December 22, 2025, on our consideration of the City’s internal control over financia l reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreemen ts and other matters. The purpose of that report is solely to describe the scope of our testing of internal control ove r 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 pa rt of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Santa Ana, California
December 22, 2025

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FINANCIAL STATEMENTS
5

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6

Bicycle and
Pedestrian
Special Revenue
Fund
ASSETS
Cash and investments 237,399$
Interest receivable 1,321
Total assets 238,720

FUND BALANCE
Fund Balance:

Restricted for Measure B Programs and Projects 238,720
Total fund balance 238,720
Total liabilities and fund balance 238,720$
City of Pleasanton
Balance Sheet
June 30, 2025
Measure B Program
Alameda County Transportation Commission
See accompanying Notes to the Financial Statements.
7

Bicycle and
Pedestrian
Special Revenue
Fund
REVENUES:

Other Measure B revenues:

Investment earnings:

Interest and earnings on fair market value of investments 21,984 $ Total revenues 21,984
EXPENDITURES:

Measure B Direct Local Distribution Program Expenditures:

Measure B Capital Outlay 184,047
Total expenditures 184,047
NET CHANGE IN FUND BALANCE (162,063)
FUND BALANCE:

Beginning of year 400,783
End of year 238,720$
City of Pleasanton
Statement of Revenues, Expenditures, and Change in Fund Balance For the Year Ended June 30, 2025
Measure B Program
Alameda County Transportation Commission
See accompanying Notes to the Financial Statements.
8

City of Pleasanton
Alameda County Transportation Commission
Measure B Program
Notes to the Financial Statements
For the Year Ended June 30, 2025

9 Note 1 – The Reporting Entity

All transactions of the Alameda County Transportation Commission – Measure B Program (the “Program”) of the City of Pleasanton, California (the “City”), are reported in a separate special revenue fund in the basic financial statements of the City.

Measure B funds are restricted for bicycle and pedestrian safety improvement projects around the City.

The accompanying financial statements are for the Program only and are not intended to fairly present the financial position of the City or the results of its operations.

Note 2 – Summary of Significant Accounting Policies

A. Basis of Accounting

The accompanying financial statements present only the Program and are not intended to present the financial position, and changes in financial position of the City in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The accounting policies of the Program are in accordance with U.S. GAAP a pplicable to governmental units. The Governmental Accounting Standards Board (“GASB”) is the accepted standard-setting body for establishing accounting and financial reporting principles.

The accompanying financial statements of special revenue funds are prepared on the modified accrual basis of accounting. Measure B program revenues are generally recorded when measurable and available (generally 90 days after year-end), 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 incl uded 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.

B. Description of Fund

The Program fund is a Special Revenue Fund which is used to account for the proceeds of specific revenue sources that are restricted or committed to expenditure for speci fied purposes other than debt service or capital projects.

The Program accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity with a self-balancing set of accounts.

The Program fund accounts for moneys received from voter-a pproved Measure B which is to be used for street construction, repair, and maintenance and for bicycle and pedestrian safety projects.

City of Pleasanton
Alameda County Transportation Commission
Measure B Program
Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2025

10 Note 2 – Summary of Significant Accounting Policies (Continued)

C. Cash and Investments

The Program’s cash is pooled with the City’s internal investment pool. The share of each fund in the pooled cash account was separately maintained and interest income was apportioned to the partic ipating funds based on the relationship of their average daily cash balances to the tota l of the pooled cash and investments at the end of each quarter.

D. Receivables

All receivables are shown net of an allowance for uncollectible amounts.

E. Fund Balance

Measure B fund balance is restricted. A restricted f und balance represents amounts that can be spent only for specific purposes because of constitutional provisions or en abling legislation or because of constraints that are externally imposed by creditors, grantors, contributors, or the laws or regulations of other governments.

When expenditures are incurred for purposes for which both r estricted and unrestricted fund balance is available, the City considers restricted funds to have been spent first.

F. Use of Estimates

The preparation of financial statements in accordance w ith U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Note 3 – Cash and Investments

The Program's cash and investments are pooled with the C ity of Pleasanton in the amount of $237,399. Each Fund's share of the pooled cash account is separately accounted for, and investment income is allocated to all participating funds based on the relationship of their daily cash balances to the total of the pooled cash and investments at the end of each quarter. Information regarding the authorized types of deposits and investments, the type of risks (i.e. credit, interest rate, custodial, etc.) and other disclosures associated with the Program's pooled cash and investments is included in the City's basic financial statements , which are available at the City of Pleasanton at 123 Main Street, Pleasanton, California 94566 or on the City’s website at https://www.cityofpleasantonca.gov.

Note 4 – Commitments and Contingencies

The City participates in several grant programs. These programs may be subject to further examination by the grantors and the amount of expenditures, if any, which may be disallowed by the granti ng agencies, and cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

City of Pleasanton
Alameda County Transportation Commission
Measure B Program
Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2025

11 Note 5 – Measure B Funds

Under Measure B, approved by the voters of Alameda Count y in 1986 (Old Measure B) and in 2000, ACTC Measure B, the City received a portion of the proceeds of an additi onal one-half cent sales tax to be used for transportation- related expenditures. Measure B sales tax collections we re in effect for 20 years from April 1, 2002 through March 31, 2022. As of June 30, 2025, the City is still in the process of spending down its Measure B Bicycle and Pedestrian proceeds. Projects funded by Measure B during Fiscal Year 2024/25 included the West Las Positas Boulevard Multimodal Reconstruction Project under the City’s Bicycle and Pedestrian Safety Program.

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6 Hutton Centre Drive, Suite 1200
Santa Ana, California 92707

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

Independent Auditor’s Report

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

We have audited, in accordance with the auditing standard s generally accepted in the United States of America, 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 Alameda County Transportation Commission Measure B Program (the “Program”) of the City of Pleasanton, California (the “City”), as of and for the year ended June 30, 2025, and the related not es to the financial statements and have issued our report thereon dated December 22, 2025.

Report on Internal Control Over Financial Reporting

In planning and performing our audit of the financial stat ements, 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 opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Acco rdingly, we do no t 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 assi gned 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 City’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.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

14 Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the fi nancial statements of the Program are free of 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 these provisions was not an objective of our aud it, 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 entit y’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.

Santa Ana, California
December 22, 2025

6 Hutton Centre Drive, Suite 1200
Santa Ana, California 92707

REPORT ON COMPLI

ANCE AND

REPORT ON INTERNAL CONTROL OVER COMPLIANCE
Independent Auditor’s Report
To the Honor
able Mayor and the Members of the City Council
of the City of Pleasanton
Pleasanton, California
Report on Compliance for Alameda County Transportation Commission Measure B Program Required by Alameda County Transportation Commission
Opinion on Alameda County Transportation Commission Measure B Program We have audited the Alameda County Transportation Commission Measure B Program (the “Program”) of the City of Pleasanton, California’s (the “City”) compliance with th e types of compliance requirements described in the agreement with the Alameda County Transportation Commission, dated July 1, 2016 (the “Agreement”) for the year ended June 30, 2025.

In our opinion, the City complied, in all material resp ects, with the types of compliance requirements referred to above that could have a direct and material effect on the City’s compliance with the Agreement for the year ended June 30, 2025.

Basis for Opinion on Alameda County Transportation Commission Measure B Program We conducted our audit of compliance in accordance with a uditing standards generally accepted in the United States of America (“GAAS”); the standards applicable to financial audits contained in Government Auditing Standards , issued by the Comptroller General of the United States (“ Government Auditing Standards ”); and the audit requirements of the Agreement. Our responsibilities under t hose standards and the Agreement are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be indepe ndent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We be lieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for the Program. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

Responsibilities of Management for Co
mpliance
Management is responsible for comp liance 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 Program.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

16 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, Government Auditing Standards, and the Agreement 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 re port on compliance about the City’s compliance with the requirements of the Agreement as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Agreement, 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. Su ch 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 circumstan ces and to test and report on internal control over compliance in accordance with the Agreement, but not for the pur pose 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 deficienci es 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 c ourse of performing their assigned functions, to prevent, or detect and correct, noncompliance with a co mpliance requirement 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 noncomplian ce with a compliance requireme nt of the Agreement 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 co mpliance with a compliance requirement that is less severe than a material weakness in internal control over comp liance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose d escribed in the Auditor’s Responsibilities for the Audit of Complia nce section above and was not designe d to identify all deficiencies in internal control over compliance that might be material w eakness or significant deficienci es in internal control over compliance. Given these limitations, duri ng 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 may exist that were not identified.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

17 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 describ e the scope of our testing on internal control over compliance and the results of that testing based on the requirements of the Agreement. Accordingly, this report is not suitable for any other purpose.

Santa Ana, California
December 22, 2025

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City of Pleasanton
Alameda County Transportation
Commission
Measure BB Program

Pleasanton, California

Independent Auditor’s Reports
and Financial Statements

For the Year Ended June 30, 2025

City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
For the Year Ended June 30, 2025

Table of Contents

Page

Independent Auditor’s Report on the Audit of the Financial Statements ............................................................... 1

Financial Statements:

Governmental Funds:

Balance Sheet .................................................................................................................................................... 7 Statement of Revenues, Expenditures, and Changes in Fund Balances ............................................................ 8

Proprietary Fund:

Statement of Net Position .................................................................................................................................. 9 Statement of Revenues, Expenses, and Changes in Net Position .................................................................... 10 Statement of Cash Flows ................................................................................................................................. 11

Notes to the Financial Statements .......................................................................................................................... 13

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 ............................................................................................. 17

Independent Auditor’s Report on Compliance and Report on Internal Control Over Compliance .................................................................................................................... 19

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6 Hutton Centre Drive, Suite 1200
Santa Ana, California 92707

INDEPENDENT AUDITOR’S REPORT

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

Report on the Audit of the Financial Statements

Opinion

We have audited the financial stat ements of the City of Pleasanton Alameda County Transportation Commission Measure BB Program (the “Program”) of the City of Pleasanton, California (the “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 referre d to above present fairly, in all material respects, the financial position of the Program of the City as of June 30, 2025, and the change in financial position, and, where applicable, cash flows thereof for th e 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 accept ed 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 Responsib ilities 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 Matters

Financial Statements Presentation

As discussed in Note 1, the financia l statements present only the Program and do not purport to, and do not, present fairly the financial position of the City as of June 30, 2025, the changes in its financial position, or where applicable, its cash flows 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.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

2 Responsibility of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; 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 whet her 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 cont rol-related matters that we identified during the audit.

Required Supplementary Information

Management has omitted the management’s discussion and analysis that accoun ting 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 th e Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.

To the Honorable Mayor and the Members of the City Council of the City of Pleasanton
Pleasanton, California

3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards , we have also issued our repor t dated December 22, 2025, on our consideration of the City’s internal control over financia l reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreemen ts and other matters. The purpose of that report is solely to describe the scope of our testing of internal control ove r 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 pa rt of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Santa Ana, California
December 22, 2025

4 This page intentionally left blank.

FINANCIAL STATEMENTS
5

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6

Bicycle and Local Streets
ASSETS Pedestrian and Roads Total
Cash and investments 1,872,132 $ 2,255,319 $ 4,127,451 $ Measure BB Direct Local Distribution Program receivable 90,026 324,977 415,003 Interest receivable 10,172 10,869 21,041 Total assets 1,972,330 2,591,165 4,563,495

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 112,984 191,481 304,465 Total liabilities 112,984 191,481 304,465 Fund Balances:

Restricted for Measure BB Programs and Projects 1,859,346 2,399,684 4,259,030 Total fund balances 1,859,346 2,399,684 4,259,030 Total liabilities and fund balances 1,972,330$ 2,591,165 $ 4,563,495 $ Special Revenue Funds
Governmental Funds
City of Pleasanton
Balance Sheet
June 30, 2025
Measure BB Program
Alameda County Transportation Commission
See accompanying Notes to the Financial Statements.
7

Bicycle and Local Streets
Pedestrian and Roads Total
REVENUES:

Measure BB Direct Local Distribution Program Revenue
Direct Local Distribution Funds Allocation 513,149$ 1,852,374$ 2,365,523$ Subtotal program revenues 513,149 1,852,374 2,365,523 Other Measure BB Revenues
Investment Earnings:

Interest and earnings on fair market value of investments 122,642 183,398 306,040 Subtotal other Measure BB revenues 122,642 183,398 306,040 Total Revenue 635,791 2,035,772 2,671,563 EXPENDITURES:

Measure BB Direct Local Distribution
Program Expenditures
Capital Outlay 1,067,057 3,515,025 4,582,082 Total expenditures 1,067,057 3,515,025 4,582,082 NET CHANGE IN FUND BALANCES (431,266) (1,479,253) (1,910,519) FUND BALANCES:

Beginning of year 2,290,612 3,878,937 6,169,549 End of year 1,859,346$ 2,399,684 $ 4,259,030 $ Special Revenue Funds
City of Pleasanton
Governmental Funds
For The Year Ended June 30, 2025
Measure BB Program
Alameda County Transportation Commission
Statement of Revenues, Expenditures, and Changes in Fund Balances See accompanying Notes to the Financial Statements.
8

Enterprise
Fund
ASSETS Paratransit
Cash and investments 776,460$
Measure BB Direct Local Distribution Program receivable 99,843 Interest receivable 4,084
Total assets 880,387

LIABILITIES
Liabilities:

Accounts payable 227,075
Total liabilities 227,075

NET POSITION
Restricted for paratransit 653,312
Total net position 653,312$
City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Proprietary Fund
June 30, 2025
Statement of Net Position
See accompanying Notes to the Financial Statements.
9

Enterprise
Fund
Paratransit
OPERATING EXPENSES:

Measure BB Direct Local Distribution Program Expenditures Salaries and benefits 7,675$
Materials, services and supplies 536,392
Total operating expenses 544,067
OPERATING LOSS (544,067)
NONOPERATING REVENUES:

Measure BB Direct Local Distribution Program Revenue
Direct Local Distribution Funds Allocation 569,105
Subtotal program revenues 569,105
Other Measure BB Revenues
Investment Earnings:

Interest and earnings on fair market value of investments 35,357 Subtotal other Measure BB revenues 35,357
Total nonoperating revenues 604,462
Changes in net position 60,395
NET POSITION:

Beginning of year 592,917
End of year 653,312$
City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
For The Year Ended June 30, 2025
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Fund
See accompanying Notes to the Financial Statements.
10

Enterprise
Fund
Paratransit
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash paid to suppliers for goods and services (523,078)$ Cash paid to employees for services (7,675)
Net cash (used in) operating activities (530,753)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:

Intergovernmental receipts 568,271
Net cash provided by noncapital financing activities 568,271 CASH FLOWS FROM INVESTING ACTIVITIES:

Investment earnings 32,810
Net cash provided by investing activities 32,810
Net increase in cash and cash equivalents 70,328
CASH AND CASH EQUIVALENTS:

Beginning of year 706,132
End of yea
r 776,460$

OPERATING (LOSS) TO NET CASH
(USED IN) OPERATING ACTIVITIES:

Operating (loss) (544,067)$
Adjustments to reconcile operating (loss) to net cash
(used in) operating activities:

Increase (decrease) in accounts payable 13,314
Total adjustment 13,314
Net cash (used in) operating activities (530,753)$
For The Year Ended June 30, 2025
City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Statement of Cash Flows
Proprietary Fund
See accompanying Notes to the Financial Statements.
11

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12

City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Notes to the Financial Statements
For the Year Ended June 30, 2025

13 Note 1 – Reporting Entity

All transactions of the Alameda County Transportation Commission – Measure BB Program (the “Program”) of the City of Pleasanton (the “City”), are reported as separate speci al revenue and enterprise funds in the basic financial statements of the City.

Measure BB Program is restricted to account for the City ’s share of revenues earned and expenditures/expenses under the City’s paratransit, local streets and roads, and bicycle and pedestrian safety programs.

The accompanying financial statements are for the Program only and are not intended to fairly present the financial position of the City or the results of its operations.

Note 2 – Summary of Significant Accounting Policies

A. Basis of Accounting

The accompanying financial statements present only the Program and are not intended to present the financial position, changes in financial position, or cash flows of the City in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The accounting policies of the Program are in accordance with U.S. GAAP a pplicable to governmental units. The Governmental Accounting Standards Board (“GASB”) is the accepted standard-setting body for establishing accounting and financial reporting principles.

Governmental Fund Financial Statements

The accompanying financial statements of special revenue funds are prepared based on the modified accrual basis of accounting. Measure BB program revenues are generally recorded when measurable and available (generally 90 days after year-end), 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 incl uded 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.

Proprietary Fund Financial Statements

Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses, and Changes in Net Position, and a Statement of Cash Flows.

City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2025

14 Note 2 – Summary of Significant Accounting Policies (Continued)

A. Basis of Accounting (Continued)

Proprietary funds are accounted for using the " economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses, and Changes in Net Position present increases (revenues) and decreases (expenses) in total net position. Under the accrua l basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Proprietary fund operating revenues and expenses, such as charges for services, and payments to employees and vendors, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues and expenses, such as subsidies, investment earnings, changes in fair value of investments and interest charges result from nonexchange transactions or ancillary activities.

B. Description of Funds

The Program funds account for moneys received from voter-approved Measure BB which is to be used for transportation priorities that includes streets and roads improvements, bicycle/pedestrian enhancements, and transit related projects. The Program accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity with a self-balancing set of accounts.

There are three funds reported under the Program:

Governmental Funds:

Bicycle and Pedestrian Special Revenue Fund accounts for various bicycle and pedestrian related improvement activities.

Local Streets and Roads Special Revenue Fund accounts for the annual slurry and resurfacing capital improvement project activities.

Proprietary Fund:

Paratransit Enterprise Fund accounts for the City’s paratransit related activities.

C. Cash and Investments

The Program’s cash is pooled with the City’s internal investment pool. The share of each fund in the pooled cash account was separately maintained and interest income was apportioned to the participating funds based on the relationship of their average daily cash balances to the total of the pooled cash and investments at the end of each quarter.

D. Cash Equivalents

For purposes of the statement of cash flows of the proprie tary funds types, cash and cash equivalents include all pooled cash and investments, as the City operates an inte rnal cash management pool wh ich maintains the general characteristics of a demand deposit account.

City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2025

15 Note 2 – Summary of Significant Accounting Policies (Continued)

E. Receivables

All receivables are shown net of an allowance for uncollectible amounts.

F. Fund Balance

Measure BB fund balance is restricted. A restricted fund balance represents amounts that can be spent only for specific purposes because of constitutional provisions or enabling legislations or because of constraints that are externally imposed by creditors, grantors, contributors, or the laws or regulations of other governments.

When an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available, the City considers restricted funds to have been spent first.

G. Net Position

In the proprietary fund financial statements, net position is classified as restricted. This component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.

H. Use of Estimates

The preparation of financial statemen ts in accordance with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Note 3 – Cash and Investments

The Program's cash and investments are pooled with the City of Pleasanton in the amount of $4,903,911. Each Fund's share of the pooled cash account is separately accounted for, and investment income is allocated to all participating funds based on the relationship of their daily cash balances to the total of the pooled cash and investments at the end of each quarter. Information regarding the authorized types of deposits and investments, the type of risks (i.e. credit, interest rate, custodial, etc.) and other disclosures associated with the Program's pooled cash and investments is included in the City's basic financial statements , which are available at the City of Pleasanton at 123 Main Street, Pleasanton, California 94566 or on the City’s website at https://www.cityofpleasantonca.gov.

Note 4 – Measure BB Direct Local Distribution Program Receivable

The Measure BB direct local distribution program receiva ble represents the Measure BB sales tax revenues for the fiscal year received from the Alameda County Transporta tion Commission after June 30, 2025 in the amount of $514,846.

City of Pleasanton
Alameda County Transportation Commission
Measure BB Program
Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2025

16 Note 5 – Commitments and Contingencies

The City participates in several grant programs. These programs may be subject to further examination by the grantors and the amount of expenditures, if any, which may be disallowed by the granti ng agencies, and cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

Note 6 – Measure BB Funds

In 2014, Alameda County voters approved Measure BB, aut horizing an extension and augmentation of the existing transportation sales tax (Measure B). Measure BB is projected to generate $8 billion in revenue from April 2015 to March 2045 for transportation improvements throughout Alameda County.

Projects funded by Measure BB during Fiscal Year 2024/25 included:

Bicycle and Pedestrian Program:
 West Las Positas Multimodal Reconstruction Projects. This project improves both pedestrian and bicycle infrastructure on West Las Positas Boulevard.
 Hopyard Road and Owens Drive Intersection Improvements. This project constructed an elevated bike lane and added bicycle traffic signal to the intersection.
 Annual Bicycle and Pedestrian Re lated Improvements at Various Location – Bicycle and Pedestrian Masterplan Update.
 Annual Street Resurfacing and Reconstruction. Annu al Street Resurfacing constructs ADA compliant pedestrian ramps and also upgrades intersection detec tion and bike lane striping for improved bicycle facilities.
 Annual Bicycle and Pedestrian Related Improvements at Various Locations – Ladder Crosswalks upgrade at crossing guard locations and other crosswalks near schools.  Annual Trail Resurfacing Project – Arroyo Mocho Trail serves as on off street path to provide vehicle free connections for pedestrians and bicyclists to reach their destination.

Local Streets and Roads Program:
 Annual Street Resurfacing and Reconstruction Capital Improvement Project.

Paratransit Program:
 Provided funds to Black Tie Transportation for the program “Pleasanton Rides” which offers door-to-door services throughout the City.
 Program Administration
 Provided funds to the Livermore Amador Valley Transit Authority (“LAVTA”) to provide Americans with Disabilities Act (“ADA”) services for City residents through the Wheels Dial-A-Ride program.