San Pablo City Council
December 19, 2022

CITY OF SAN PABLO, CALIFORNIA
Annual Comprehensive
Financial Report
Fiscal Year Ended June 30, 2022

CITY OF SAN PABLO, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022

PREPARED BY THE

FINANCE DEPARTMENT

CITY OF SAN PABLO, CALIFORNIA

Annual Comprehensive Financial Report
For the Year Ended June 30, 2022

Table of Contents

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INTRODUCTORY SECTION:

Table of Contents .................................................................................................................................................... i

Letter of Transmittal ................................................................................................................................................ v

Elected Officials and Administrative Personnel ................................................................................................. xiv

Organization Chart ................................................................................................................................................ xv

GFOA Award ....................................................................................................................................................... xvi

San Pablo Zoning District Map .......................................................................................................................... xvii

FINANCIAL SECTION:

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

Management’s Discussion and Analysis ............................................................................................................. 5

Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position ..................................................................................................................... 18

Statement of Activities .......................................................................................................................... 19

Fund Financial Statements:

Governmental Funds:

Balanc e Sheet .................................................................................................................................... 22

Reconciliation of the Governmental Funds Balance Sheet
with the Statem ent of Net Position ............................................................................................... 23

Statement of Revenues, Expenditur es, and Changes in Fund Balances ........................................... 24

Reconciliation of the Net Change in Fund Balances – Total Governmental Funds with the Stat ement of Activities ......................................................................................... 25

Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual:

Genera l Fund ................................................................................................................................. 26

CITY OF SAN PABLO, CALIFORNIA

Annual Comprehensive Financial Report
For the Year Ended June 30, 2022

Table of Contents

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FINANCIAL SECTION (Continued):

Custodial Funds:

Statements of Fidu ciary Net Position .................................................................................................... 28

Statements of Changes in Fiduciary Net Position ................................................................................. 29

Notes to Basic Fina ncial Statements ............................................................................................................ 31

Required Supplementary Information:

Pension Plans:

Schedule of the City’s Proportionate Share of the Net Pension Liability – Miscella neous Plan ............................................................................................................................ 82

Schedule of Contributi ons – Miscellaneous Plan ................................................................................. 83

Schedule of the City’s Proportionate Share of the Net Pension Liability – Safety Plan ......................................................................................................................................... 84

Schedule of Contribu tions – Safety Plan .............................................................................................. 85

OPEB Plan:

Schedule of Changes in the Net OPEB Liability/(Asset) and Related Ratios ....................................... 86

Schedule of Contributions ...................................................................................................................... 87

Supplemental Information:

Non-major Governmental Funds:

Combining Ba lance Sheets .................................................................................................................... 94

Combining Statements of Revenues, Expenditures, and Changes in Fund Balances ............................................................................................................................... 98

Combining Schedule of Revenue s, Expenditures, and Changes in Fund Balances – Budget and Actual .......................................................................................... 102

Custodial Funds:

Combining Statement of Fiduciary Net Position ................................................................................. 108

Combining Statement of Change s in Fiduciary Net Position .............................................................. 109

CITY OF SAN PABLO, CALIFORNIA

Annual Comprehensive Financial Report
For the Year Ended June 30, 2022

Table of Contents

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STATISTICAL SECTION:

Net Position by Component – Last Ten Fiscal Years .............................................................................. 113

Changes in Net Position – Last Ten Fiscal Years .................................................................................... 114

Fund Balances of Governmental Funds – Last Ten Fiscal Years ........................................................... 116

Changes in Fund Balance of Government al Funds – Last Ten Fiscal Years .......................................... 118

Assessed and Estimated Actual Value of Taxable Property

– Last Ten Fiscal Years ........................................................................................................................... 120

Property Tax Rates – All Overlapping Governments - Last Ten Fiscal Years ....................................... 121

Principal Property Taxpayers – Curr ent Year and Nine Years Ago ....................................................... 122

Property Tax Levies and Collecti ons – Last Ten Fiscal Years ............................................................... 123

Ratio of Outstanding Debt by T ype – Last Ten Fiscal Years .................................................................. 124

Computation of Direct and Overlapping Debt ........................................................................................ 125

Computation of Legal Bonded Debt Margin ........................................................................................... 126

Bonded Debt Pledged Revenue Coverage,
Redevelopment Agency Tax Allocati on Bonds - Last Ten Fiscal Years .......................................... 127

Debt Service Coverage Schedule – Tent h Township and Legacy Project Areas ................................... 128

Demographic and Economic Statistics
– Last Ten Fiscal Years ............................................................. 129

Principal Employers – Current Year and Nine Years Ago ...................................................................... 130

Full-Time Equivalent City Government Employees
by Function – Last Ten Fiscal Years ................................................................................................. 131

Operating Indicators by Function/Program ............................................................................................. 132

Capital Asset Statisti cs by Function/Program ......................................................................................... 133

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City of San Pablo
December 13, 2022
City of San Pablo - 2021/22 ACFR
Letter of Transmittal
Dear Mayor, Members of the City Council and Citizens of the City of San Pablo:

We are pleased to present the Annual Comprehensive Financial Report (ACFR) for the City of San Pablo, California, ("the City") for the fiscal year ended June 30, 2022. The ACFR is presented in accordance with the principles and standards of accounting and financial reporting by the Governmental Accounting Standards Board (GASB) and provides information needed for readers to gain a reasonable understanding of the City's financial activities. Responsibility for both the accuracy of the data and the completeness and fairness of the information- including all disclosu res-rests with the City. To the best of Management's knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to fairly present the financial position and results of the operations of the various entities of the City of San Pablo. An overview of the City's financial activities for the fiscal year is discussed in detail in the Management Discussion and Analys is (MD&A), which can be found in the financial section immediately following the Independent Auditor's Report. This Letter of Transmittal is designed to complement the MD&A and is intended to be read in conjunction with it.

INDEPENDENT AUDIT
Audit of the City's financial statements was performed by the independent, ce11ified public accounting firm of Maze & Associates. The goal of the audit is to obtain reasonable assurance that the financial statements are free of material misstatements and are presented fairly and in conformity with generally accepted accounting principles (GAAP). In their Independent Auditor's Report, Maze & Associates issued an unmodified opinion with respect to the City's financial statements for fiscal year ended June 30, 2022. The independent audit involved examining, on a test basis, evidence supporting amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by the management; and evaluating the overall financial presentation. Maze & Associates has concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified audit opinion that the City of San Pablo's financial statements for the fiscal year ended June 30, 2022 are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles. The independent auditor's repo11 is presented as the first component of the financial section of this report.

The City of San Pablo was incorporated in 1948 as a general law city under the laws of the State of California. Located in West Contra Costa County along Interstate 80, San Pablo is situated just minutes away from the Bay Area cultural centers of Berkeley, Oakland and San Francisco, and in relative City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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City of San Pablo City of San Pablo - 2021/22 ACFR
Letter of Transmittal
proximity to five bridges leading to all parts of Northern California.

Historically one of the oldest Spanish settlements in the region, the architecture of San Pablo's new Spanish style city hall with a fountain and courtyard is a proud reflection of that heritage.

THE CITY COUNCIL
The City is governed by a five-member City Council, under the Council­ Manager form of government. Council Members are elected at large to staggered four-year terms with three Council Members and two Council Members in alternating elections, at two-year intervals. Each year, the Council appoints one of its members to serve as Mayor. The Council is vested with policymaking and legislative authority and appoints the City Manager and City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the Council, for overseeing the day-to-day operations of the City, and for appointing department directors.

THE BUDGET, FISCAL & LEGISLATIVE STANDING COMMITTEE
The Budget, Fiscal & Legislative Standing Committee (BFLSC), comprised of two standing City Council Members, provide a lay review of proposals in context of the established goals and priorities of the City.

They have the authority to approve the proposal as presented, or may give approvals subject to revisions.

A proposal meeting the approval of the BFLSC is then recommended for formal consideration in a scheduled public hearing before the City Council, and is formally adopted if approved.

DEMOGRAPHICS
Size: 2.6 square miles, all of which is land
2021 Population: 31,773 (US Census, 7/2021)
Gender: 50.9% male, 49.1 % female
Median Resident Age: 33.1
Estimated Median Household Income: $60,819 (American Community Survey, 2020) Owner Occupied Household: 38.7%
Median Home Value: $550,714 (Zillow Homes Value Index at 8/31/2022) Median Rent Per Month: $2,421
The City provides a full range of municipal services, including police (public safety), community development (planning, land use and building regulation ), public works ( capital projects, street maintenance and environmental services), community services (rentals, senior services, and recreational programming), administration and fiscal services. Fire protection services is provided by the Contra Costa Fire Protection District (ConFire). Water services is provided by East Bay Municipal Utility City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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City of San Pablo City of San Pablo-2021/22 ACFR
Letter of Transmittal
District (EBMUD), sewer services by the West County Wastewater District, and solid waste and recycling services by Richmond Sanitary Service.

INTERNAL CONTROLS
The Finance Department, in conjunction with the City's management team, is responsible for establishing and maintaining an internal control structure designed to ensure that the City' s assets are protected from loss, theft, or misuse. The internal control structure is designed to provide reasonable assurance that these objectives are met, while recognizing that this assurance is not absolute. The concept of reasonable assurance recognizes that: 1) the cost of a control should not exceed the benefits likely to be derived; and 2) the valuation of costs and benefits requires estimates and judgments by management. City administration believes the existing internal control systems are adequate to provide reasonable assurance that the City's assets are safeguarded against loss and that the financial records are reliable for preparing financial statements and maintaining accountability for assets, this belief supported in part by the auditor's unmodified opinion.

BUDGETARY CONTROLS
The City's ordinance requires the adoption of a budget for the following fiscal year before July 1st every year. The City's Management presents a two-year operating budget and five-year Capital Improvement and Equipment Plan annually. The objective of budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the City Council. The City's budgetary control is maintained at the individual departmental level and any change in the adopted appropriations, by department, requires approval from the City Manager and/or City Council. The City maintains an encumbrance accounting system. Encumbr ances and appropriation for unfinished capital projects are generally re-appropriated as part of the following year's budget.

CASH MANAGEMENT
The City manages a pooled investment program for all funds in which temporarily idle funds during the year was invested in accordance with the City's approved Investment Policy. The policy affords a broad spectrum of investment opportunities, as long as the investment is deemed prudent and permissible under currently effective legislation of the State of California and other imposed restrictions. Criteria for selecting investments and the order of priority are: safety, liquidity and yield. The cash management system of the City is designed to accurately monitor and forecast expenditures and revenues, thus ensuring the investment of monies to fullest extent possible. Attempts are made to obtain the highest yields available as long as investments meet the criteria required for safety and liquidity.

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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Over the years, the City has become a thriving residential and business community. San Pablo is home to Contra Costa Community College and is fortunate to have a wealth of community resources including a library, a sports park, a childcare facility, a regional healthcare facility and a career center. Many multilingual nonprofits, like First 5 and Lao Family Com munity Development, represent the diverse support services offered to residents. The City also offers youth programs at the award-winning San Pablo Community Center (SPCC) and senior services at the Senior Center which meet a variety of needs and interests. Other such initiatives include:
• Services for Families and Youth: Youth, School, and
Community, Partnerships Division (YSCP) is committed to the healthy development of youth with a focus onl developing positive opportunities, programs and partnerships that will provide children and youth with skills, knowledge, support and resources leading to healthy and productive lives. YSCP programs, services and initiatives support a comm unity where government, families, schools, law enforcement, and organizations work together to create an environment conducive to support young people, their learning and their success. • Childhood Obesity Prevention Grant Program and Advisory Group: Focused on increasing community awareness of the obesity epidemic, increasing accessibility to healthy food and physical activity opportunities, and expanding healthy eating/active living programs, the Community Action Plan also identified program and policy priority areas to guide collaborative efforts towards a healthier San Pablo. The current Childhood Obesity Prevention Grant Program (COPGP) provides grant opportunities for local organizations, schools, and other agencies to implement activities and services that promote physical movement and nutrition education. • San Pablo Beacon Community Schools: San Pablo City Council adopted the Full-Service Community Schools Initiative (FSCSI) with the goal of transforming all schools in San Pablo into Full-Service Community Schools. In February 2016, the City joined the Beacon National Network, a multicity collaborative of community schools. In a Community School, the school district, city, county, community and faith-based organizations, businesses, families and philanthropists form a strong, deep and transparent partnership. They can jointly address the identified needs of students, families and the comm unity in a comprehensive, integrated and accountable way. The group shares leadership, works towards a common vision and agenda, and shares responsibility for results. A Community School focuses on the needs of the whole child - physical, emotional, social and academic - to create the conditions necessary for all children to learn and be successful in life.

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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City of San Pablo City of San Pablo - 2021 /22 A CFR
Letter of Transmittal
Driving the initiatives is the City's FY2021-23 Priority Workplan, adopted by the City Council on March 15, 2021 and dedicated to developing, preserving and protecting the quality of life and cultural diversity of its citizens in addition to striving to provide exceptional public services in its day to day operations.

It is a policymaking document established by the City Council for purpose of providing policy direction for implementation by the City Manager. Even though the FY2021-23 Priority Workplan is a dynamic, evolving document, it maintains five major policy goals under which priority items are given review and consideration:

1. Focus on Economic Development and Diversification

2. Expand Housing Options

3. Enhance Community Resilience

4. Build a Healthy Community

5. Improve Public Safety

CITYOFSAN PABLO
Cit;• of New Directions
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FY 2021-23

CITY OF SAN PABLO CITY COUNCIL PRIORITY

WORKPLAN
The local and regional economy continues to recover from the Norvel Coronavirus (COVID-19) and its sub-variants during FY 2021/22. From local to national levels, COVID-19 positivity rates have experienced surges and declines, even as vaccine and booster shots continue to be provided to the public.

Throughout this time, the City has taken a cautious approach and maintains in-office protocols that were instituted as a matter of policy during the height of the pandemic. Nevertheless, local, regional and state governments have relaxed their position on current safety measures and guidelines, and we are seeing a return to normalcy in terms of pre-pandemic activities. These cues, however compelling, are not an accurate indicator of the economy. Inflation, interest rates, industrial production, consumer confidence, worker productivity, retail sales and employment rates are often used with historical context to determine the outlook.

THE ECONOMIC FORECAST
Emerging from an economy impacted by COVID, the City still faces challenges from a number of economic issues stemming from rising inflation, high interest rates, industrial production and a shrinking labor force. Over the 12 months ended June 2022, the Consumer Price Index for All Urban Consumers increased 9.1 percent. The 9.1 percent increase was the largest 12-month increase in 40 years. Energy-­ specifically motor fuel prices--was up by 60.2 percent. Core inflation, which excludes the more volatile categories of food and energy, was still higher than a year ago driven by increased home prices and rents City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
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while new vehicle prices increased 11.4 percent over the previous year. The California Department of Finance projects an inflation rate of 7.6 percent for FY ending June 30, 2022, foreseeably triggering an increase in the State's minimum wage laws and further adding to the projected operating costs. Interest rates have been trending up and hitting highs not seen in 20 years.

EMPLOYMENT
In 2020, within months of California issuing the nation's first statewide order to stay-at-home, the state would report a loss of 2.76 million jobs. Two years later, nearly 90% of the jobs have been recovered with the trend seeing gains in 13 of the past 14 months ended March 2022. However, the labor force has not seen the growth needed to reach the pre-pandemic high, resulting in labor shortages which, in turn, has driven up wages.

Unemployment Rate -June, 2022 Fiscal Year Change
United States 3.6% -2.3%
State of California 4.2% -3.7%
Contra Costa County 3.2% -4.1%
City of San Pablo 3.8% -5.4%
Source: Various

INFLATION
Inflation continues at an increasing rate when compared to past years due to the recovery of the coronavirus pandemic, representing some pressure from food prices and high energy prices. CPI has
remained above 5 percent since June 2021, and over the 12 months ended June 2022, the Consumer Price Index for All Urban Consumers increased 9.1 percent. The 9.1-percent increase in the all items index was the largest 12-month increase since the 12-month period ending November 1981. The global surge in energy prices is partly responsible for the unrelenting high inflation witnessed in 2021. Crude oil prices increased 62.7% over the previous year, resulting in substantial increases to gasoline prices seen at the pumps.

SALES AND USE TAXES
The statewide sales tax trends have been heavily impacted by many economic challenges including inflation, interest rate hike and prices on taxable goods. As mortgage rates continue to increase and expensive, the demand for appliances, furnishings and other related products will decrease. Overall, the consumer's confidence in the economy is best described as uncertain.

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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PROPERTY TAXES
In FY 21-22, San Pablo taxable assessed value is $2.4 billion. The property value increased by approximately 8.2%, compared to the County's overall increase of 7.8%. Residential use represents

77.8% of the City's 2022 assessed valuation. Growth in home sales remained strong through the summer of 2021. Many cities saw median price increases due to low interest rates, high demand, and limited properties for sale. Sales price increases in 2021 were reflected on the 2022/23 tax rolls. Tracking activity into 2022, new concerns over rising interest rates and inflation are decreasing the volume of home sales.

For many locales, median prices have waned slightly in recent months, but still represent increases in sale price when compared to the prior year.

The median sale price of San Pablo detached single-family homes from January through August 2022 was $527,500, a decrease of -$13,000 (-2.4%) from the median sale price in the same period for 2021.

Year Sales Median Change
2018 134 $425,000 17%
2019 111 $446,000 4.9%
2020 106 $459,000 3.0%
2021 142 $540,500 17.6%
2022 64 $527,500 -2.4%
Source: HDL

CASINO REVENUE
The Lytton Band of Pomo Indians (Lytton Band) revenues are essential to the City of San Pablo. Currently the Municipal Services Agreement (MSA) with the Lytton Band provides about 60% in general fund revenue to the City. This revenue funds Police, Recreation, Information Technology, Public Works, Code Enforcement and Building Plan Check and Inspection functions.

Also, in accordance to the Municipal Services Agreement signed in September 1999 between the Lytton Band of Pomo Indians (the "Band") and the City of San Pablo (the "City"), the Band will make an annual Minimum Municipal Services Payment of One Million Five Hundred Thousand Dollars ($1,500,000) to the City semi-annually with one-half due and payable on the 15th of December and the 15th of April and shall increase or decrease annually in the same amount as real property taxes otherwise paid by owners of commercial property within the City. At the date of the execution of the Agreement, both the Band and the City acknowledge the amount of 2% per year.

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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City of San Pablo City of San Pablo - 2021/22 ACFR
Letter of Transmittal

OTHER ECONOMIC INDICATORS
Other Economic Indicators Rate Fiscal Year Change
Bay Area CPI 3.2%
Personal Savings Rate 5.1 %
Crude Oil Prices (as of 6/30/22) $116.80/barrel

1.6%
-46% (down from 9.5%)

62.7% (increase of $45/barrel)
• Crisis Intervention Training was delivered to all sworn staff, aiding in responses to critical incidents involving individuals suffering from mental health emergencies. In addition, implementation of the Ti Force Option Simulator in conjunction with defensive tactics training allowed staff to facilitate and prioritize de-escalation principles to officers. • The SPPD Drone Team expanded and successfully began responding to in-progress calls for service. The Police Department was one of few agencies in the country to actively pursue a Drone­ As-A-First Responder program. Notably, the department was also recognized as the first agency to successfully integrate a drone response with ShotSpotter technology. • Started construction of the Rumrill Complete Streets Project, providing improvements on 1.7 miles of Rumrill Boulevard.
• Coordinated the operations of more than a dozen new EV charging ports to provide EV charging access to the City's constituents.
• Restarted the Residential Health & Safety Program in January, 2022. • Administered COVID Housing Grant Program.
• In partnership with the Family Giving Tree Agency, the Youth, School, & Community Partnerships (YSCP) division distributed 700 brand new backpacks filled with supplies to all six of the San Pablo Beacon Community Schools and to San Pablo students at Richmond High for the FY21-22 school year.
• During the pandemic, wellness check-in calls were provided to 400 seniors at least once a month with more vulnerable population getting calls up to three times per week. In addition, under the Contra Costa Cafe Meals Program, staff maintained weekly meal pick up and deliveries which saw demand increase 100% to 100 lunches per day.

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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• Achieved favorable outcome and resolution for the City and the City of San Pablo Successor Agency with the CA Dept of Finance for $1.997M in RPTIF funding under a successful Meet and Confer process.
• Secured funding for construction of the new San Pablo Police Dept. Headquarters and Public Safety Training Center Project through issuance of Lease Revenue Bonds on May 17, 2022.

The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of San Pablo for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2021. To receive a Certificate of Achievement, a government must publish an easily readable and efficiently organized ACFR. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. City staff believes that its current ACFR continues to meet the Certificate of Achievement Program requirements and will again submit its ACFR to the GFOA to determine eligibility for another certificate.

We wish to thank City Council for providing the clear policy direction and goals which have been used to prepare this Annual Comprehensive Financial Report. A great deal of effort and attention to detail, representing many hours of work by staff members through out the organization, is required to produce a report of this quality. We would like to express our appre ciation to all City of San Pablo staff members who have taken the time to participate in the development of this year's Annual Comprehensive Financial Report. We also express our appreciation to the Mayor and the City Council for their interest and support in planning and conducting the financial activities of the City in a responsible and responsive manner.

Matt Rod iguez
City Man ger
Norman Veloso
Director of Finance
City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 - Fax: (510) 215-3012
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City of San Pablo City of San Pablo – 2021/22 ACFR Letter of Transmittal

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012

CITY OF SAN PABLO

ELECTED OFFICIALS AND

ADMINISTRATIVE
PERSONNEL JULY 1, 2022

ELECTED PERSONNEL

MAYOR RITA XAVIER

VICE MAYOR ABEL PINEDA

COUNCIL MEMBER ELIZABETH PABON-ALVARADO

COUNCIL MEMBER PATRICIA PONCE

COUNCIL MEMBER ARTURO CRUZ

CITY CLERK DOROTHY GANTT

CITY TREASURER VIVIANA TOLEDO

ADMINISTRATIVE PERSONNEL

CITY MANAGER MATT RODRIGUEZ
CITY ATTORNEY TERESA L. STRICKER

ASSISTANT CITY MANAGER CHARLES CHING
CHIEF OF POLICE RON P. RAMAN

PUBLIC WORKS DIRECTOR/CITY ENGINEER ALLAN PANGANIBAN

DIRECTOR OF FINANCE NORMAN VELOSO

COMMUNITY SERVICES DIRECTOR GREG DWYER

COMMUNITY DEVELOPMENT DIRECTOR ELIZABETH TYLER
xiv
CITY OF SAN PABLO ORGANIZATIONAL CHART, FY 2021/22 EFFECTIVE 7/1/21 TOTAL FTE: 200.8

BUDGET & FISCAL SERVICES

1.0 Accounting Manager

1.0 Accountant

2.0 Accounting Technician

2.0 Fiscal Clerk I/II (Non-Confidential)
CITY MANAGER 1.0

1.0 Executive Assistant to CM

1.0 Deputy City Clerk

1.0 Management Analyst

SAN PABLO CITY COUNCIL
CITY ATTORNEY 1.0

1.0 Paralegal

2.0 FTE

SWORN STAFF

2.0 Police Captain

3.0 Police Lieutenant

10.0 Sergeant

43.0 Police Officer

NON-SWORN STAFF

1.0 Police Support Services Manager

1.0 Police Executive Assistant

7.0 Police Services Technician

4.0 Jailer

1.0 Police Services Assistant

8.0 Police Admin. Clerk

1.0 Senior Maintenance Worker

0.5 Background invest. (P/T)

1.5 School Crossing Guard (P/T)

2.0 Police Cadet (P/T)

1.0 Community Outreach Technician

CODE ENFORCEMENT

1.0 Building Inspector

RECREATION SERVICES

1.0 Community Se
rvices Manager

4.0 Community Svcs. Coordinator I/II

5.0 Building Attendant (P/T)

11.0 Rec. Leader (P/T)

2.0 Rec Specialist (P/T)

1.0 Sr. Rec Specialist (P/T)

0.4 Art Curator (P/T)

4.1 Admin Intern (P/T)

SENIOR SERVICES

1.0 Community Svcs. Coordinator I/II

1.5 Building Attendant (P/T)

0.5 Admin Intern (P/T)

1.0 Senior Admin. Clerk

YOUTH, SCHOOL & COMMUNITY

PARTNERSHIPS (YSCP)

1.0 Comm. Services Manager

3.0 Community Serv. Coordinator I/II

0.5 Admin Intern (P/T)

0.3 Student Intern (P/T)

1.0 Program Assistant (P/T)

PARATRANSIT

1.0 Community Svcs. Coordinator I/II

3.0 Paratransit Driver (F/T)

BUILDING SERVICES

1.0 Chief Building Official

1.0 Building Inspector

2.0 Sr. Permit Tech.

1.0 Administrative Clerk I/II

PLANNING SERVICES

1.0 Planning Manager

3.0 Assistant/Associate Planner

1.0 Administrative Clerk I/II

1.0 Planning Aide

1.0 Administrative Secretary

ENGINEERING

0.5 Management Analyst

1.0 Sr. Civil Engineer

1.0 Sr. PW Inspector

2.0 Assistant/Associate Engineer

1.0 Admin. Clerk I/II

1.0 Engineering Aide

ENVIRONMENTAL SERVICES

1.0 Senior Maintenance Worker

0.5 Maintenance Worker I/II

1.0 Sr. Environmental Prog. Analyst

1.0 Environmental Prog. Analyst

0.5 Environmental Prog. Analyst

MAINTENANCE & FACILITIES

1.0 Maintenance & Operations
Superintendent

2.0 Maintenance Supervisor

3.0 Sr. Maintenance Worker

8.5 Maintenance Worker I/II

0.5 Management Analyst

1.0 Senior Administrative Clerk
ASSISTANT CITY MANAGER 1.0

RISK MANAGEMENT
Municipal Pooling Authority (MPA)

1.0 Administrative Clerk I/II

1.0 Management Analyst (Housing)

HUMAN RESOURCES
MANAGER 1.0

HR FUNCTIONS/

MANAGEMENT SUPPORT

1.0 HR Technician
CHIEF

OF POLICE

1.0 POLICE DEPARTMENT

COMMUNITY DEVELOPMENT

DIRECTOR

1.0 COMMUNITY DEVELOPMENT DEPT.

DIRECTOR OF FINANCE

1.0 FINANCE DEPARTMENT

COMMUNITY SERVICES

DIRECTOR

1.0 COMMUNITY SERVS.

PUBLIC WORKS DIRECTOR/

CITY ENGINEER

1.0 ENG., ENV. SERVS. & MAINT.

7.0 FTE 13.0 FTE 27.5 FTE 43.3 FTE

14.0 FTE

88.0 FTE

INFORMATION

TECHNOLOGY MANAGER

1.0 IT FUNCTIONS,

SERVICES, AND SUPPORT

2.0 Info. Tech. Administrator

2.0 Info. Tech. Technician
xv
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of San Pablo
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
xvi
Miner Ave
Richmond Parkway
G
ateway Ave
1789
1757
NA
1665
1527
1621
1509
1503
1621
1533
1200
1441
NA
1405
1375
1303
1343
1411
NA
1309
1321
1329
1203
1334
1212 NA
1317
1318
1314
1301-09
1327
1159
1145
1250124012301200 1260
1291
1148
NA
132013361340
1415
1405-07
13271317
1160
1141
1370 14981488
1425
15001510 1518 1606 16141616
1133161716131605151515091140 1621
15261530 1610
1531
1608 170017081710 17141716 NA17201722 1792
1197
1767176317551747174117351721171917111701
1800181418181850190019081914198419881990
1939192919211915190718351827181718111801
200420162018202621002108 211221342138214021902200
1183
1173
1167220922012135212521172109210120332029201920111144 NA NA 200020102012202421002104 212021242136222622322234
1229
NA
1217
1203-13
222722072143213921272121211520272025200920032001
1800181018181826183419081912192219301213
1211
199919371927191719031827181718111801
20002010202020502100210621122116 21302126 2134220622122216 1265
1249
1247
1249
124922332231221522112199212321172113210521012025201920091254 2045
NA
203920012005
1305
NA
2215221122072137213121252119
NA
21092103194919431935192319191905
1901
13061819182518051801
1806181018181826190019041916192819321279
1265
193919331925191519111905183518271825182318091803
1777
1202
1208
1216
1220
1230
1240
1252
1260
1266
1272
1278
1284
1290
14531445143914311421
14111401
1291
1287
1283
1277
1271
1265
1259
1251
1241134913411331132513151307
1318
1310
14991200
13041312 1322 1328133813461356
1402
1408 1418142814381207
134713251335 1345
123114351220
1240
1250
1256
1264
1270
1276 1430 1275
1269
1263
1257
1251
1241
1330 14221426131413261320NA
1320
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305
1305 1329131513371341135113611409141514211427
149814201414141214041400132813361334
1432150215081516152415281536154015441614161816221632NA
1627162516211615161316111609160716051533152915251521151515091501 150015041514 1528153215361540 16181624163015201524 16121600 1702170817181722172417261736 1754182018181822NA1750
182518051801175317471745173917231721171517131705
1700170617201722 17341736 180018081814181617541748174417381726 19001910192019241928NA19342000200220902092209420962098
1349
134520212011NA19231917191519131911190919071901
19001912191419161922193019381944200220042010202020222024 201520131939
2104210621082118212621282132 2214221622002140
1321
1357
NA
2225221722132211NA21332127212521172107-1321052101
210021102112 21322208 2212
1371
2122NA
2215220722072205213322032201211521092101
2100 213421362200 2216
1439
2204
1405
2110 1425
NA2118
20292015201120052001195319411935192919231919191319091901 1900 19161924193219381944 20062010201620242028
1912
20192023
2000
18171813180717551751174517431735172517231721171717131701 1700170817121718 1724173017401742 18001808142517821762
1629
16301626162216161606160015401538153615241510150815061500 1501150915131525152715291531153316011609161316191621
1411
1452
1302
142414201414140814041340133813361332132613161472
1454
1484
1321NA131113271329140114911493 1499
1517
1515
1509
14151405-071401-0313391337133513331331
1532
1550
140014041524
1318
1522
1542
13381340
1408
161716131605160115411537
1540
152915211507
1512
1516
1524
15221528
1533
1536
15051631
1508
1503
1652
NA
13201328
1637
1627
1623
16171600
1327
1610
1620
1645
1649
1634
1640
1646
1631
14001410 1414 14321657
1645
1643
1629
1625
1615
1609
1421
1608
1606
1614
1620
1626
1632
1640
1646
1621
1650
15281530
1643
1629
1623
1605
1603
16011523
1501
1614
1620
1628
1630
1640
1648
1641
15421540
16021604160616081610
1527-29
1521
1604
1606
1608
1634
1640
1642
1617
1623
1531
1535
1601
1615
1600
1602
1724
1716
1708
1700
1611
1707
1709
1620
1724
1710
1708
1704
1725
1727
1539NA
1412
1712
1706
1700
1701
1709
1715
1733
1732
1718
1712
1700
1701
1709
1715
1723
16081616 NA
1739
1737
1750
1748
1746
1740
1621
1753
1761
15241526
1753
1755
1749
1737
1736
1752
1506
141814201424NA
1755
1753
1747
17371413
1736
1750
1760
1746
1780
1770
1300
1761
1753
1752
1742
NA
1737-391745
181017131703
1700 1714
1721
1724
172717291731
180418021800
1816
NA
18171811180117491743173717291723171717111701
1706
17061710 171617261734 18001810174017461712 1727
20292021201720092001194919331929192519211911
1724 NA
1900NA19121922192819301934194620002010201620242030
1901
NA20011947NA192919271923191719111600
190019101916 19281934194419482000200420061922
201718171811180117491743173517291727171917131701
1640171017161722172817361740174818001810
181718091743173717251723171917071500
170217081716172617321738174417501800 1810
18071803
1627
1517202120192011200319451939193319271919
1900190819161922 1942194820002010 1527
19151510
2018202419341928
220021382134
2129
1708
21002110211821222130
1700 NA 2218
22172209220121352133212921272101
2100211021142116211821362142 22202222
1637
1613
1607
160121092125-28
22102200
221322092201213721352119211321092101
2100 21362142220022102212
1529
1521
1515
1507
1503
2114 NA2120
1914
12511239
12251219
1213
1207
2180
2190
2200
2210
2220
2230 900906
910
914
NA
918
NA
922
921
917913909905901
1000101010141020102410301036104410521058
111110511043103310291023
10171013
1005
1000
1010
1012
1020102410301036
10441052
1230
1200
2001
1150
NA
2141
NA
2025
2031
2037
NA
NA
NA
1831
1801
1841
1333NA
1830
1820
1819
1829
1835
NA
1833
NA
1819
143314251401
1816
1824
1832
1412
15221841
1835
1827
1819
1801
15231515
1507
1816
1818
1832 1510
1841
1833
1827
1821
1623
1815
1601
1816
1828
1834
1842
1612
16171613
1881
1873
1861
1855
1876
1872
1852
1864
1850
1872
NA
1881
1873
1865
15291521
1872-02
1879
NA
1852
1875
1865
1852
1868 13281873
1861
1333
1321
1700
1874
1869
1864
1858
1854
1847
1836
1831
1829
1827
1701
NA1873
17121879
1824-26
1828
1874
1890NA
17281732173617401877
1875
1871
1865
1859
1855
1851
1845
1841
1839
NA1825
1823
1737
17231717 1729
1860
1830
1818
1824
1830
1834
1850
1854
1858
1864
1872
1878
1886 1806181418201826
1877
1869
1865
18331829
1823
NA
18291819
18011811-21
1844
1849
1857
1839
1845 1870
NA
2100211021142118
2132
1879
21332125
NA
1856
1854
21222126
1824
1820
1826
1830
NA
1842
1848
1854
1858
1868
1872
1876
-84 220822162218
1885
1885
NA
1835
1831
22052201
1841
1873
NA 1832
1836
1842
1848
1862
1864
1866
1876
1890 23162328
1865-75
1859
1851
1847
1837
1831
1823
1821
1820
1850
1874
1884
1890
2346236223682376
1875
1865
1859
1855
1851
1847
1835
1829
1827
1811
2373237123652341
1864
1854
1842
1828
1820
1826
1830
1842
NA
1850
1858
1868
1878
2400241024182422
1871
1867
1863
1853
1849
1843
1837
1827
1821
2433NANA2419NA
1808-14
24282434
1820
1826
1830
1836
1846
1850
1854
1864
1872
1876
2500250825122516252225282532
1875
1865
1859
1855
1847
1841
1837
1835
1823
1821
253125292527252525152503
1814
2635NANA261526112601
1826
1830
1834
1840
1844
1848
1868
1874
2600260826142622262826322634NA
1825
NA
1822
1858 1862
NA
1917
2707
1936
1944
1924
1920
1943
NA
1901
1941
1937
1909
262126131900
1920
1930
1962
1972
1936
1926
1927
1921
1975
1967
1963
1959
1949
1929
1927
1925
2533
251525092501
1938
1940
1948
1954
1958
1964
1966
1970
1976
2525
1989
1969
1963
1953
1947
1945
1937
2435243124272423241524112401
1932
1940
1950
1954
1958
1964
1968
1976
NA
1983
1985
1935
NA237123672363235923532347
1936
1936
1946
1950
1998
1970
1980
1966
1976
1956
1943
1979
1971-75
1961
1959
1951
1990
1989
1949
-15
232923232319
NA
NA
1960
NA
NA
1982
NA
NA
1979
1985
1963
2001
1993
2006
2012
1937
1943
NA-12
1987
1979
1971
NA
1961
1949
NA
1927
2229221522112201
1936
NA
1940
1964
1974
1948
1984
1988
1994
1998
2000
2002
2014
2022
2030
2 034
2044
2013
1942
1944
2001
2033
2031
20192011-13
2001
1979
1975
1971
1961
1953
1945
1939
NA
21332127
2109
1936
1970
1974
1978
1988
1990
1998
2000
2016
2036
2040
2044
2048
2037
1946
1940
1964
1958
1954
1950
-092005
21012105
2123
1995
1999
2012
2006
2043
2035
2025
2021
2013
2005
1997
1987
1981
1975
1971
1965
1957
1953
1951
1949
1947
1945
NA202520232017
1924
1940
1948
1950
1952
1954
1958
1984
1988
1992
1996
1998
2010
2024
2028
2034
2038
2042
2050
2053
1989
2056
2014
2018
1900
2011
2029
2023
NA
2011
2001
1999
1997
1995
1985
1971
1969
1959
1949
1947
1943
1939
1935
1933
1931192319151901
NA
1962
1972
1976
1980
1986
1988
1998
2000
2016
2020
2024
1944
1942
1950
NA
2033
2007
2005
1999
1997
1987
1977
1971
1965
1963
1953
1949
1943
1939
1935
182523471815
1934
1938
1942
1948
1952
1958
1962
1966
1980
1982
1986
2000
2015
1994
1992
1813
1999
1997
1987
1983
1965
1959
1945
1943
1939
1935
17591751174317351731
1936
1942
1950
1958
1962
1966
1974
1980
NA
1988
1994
NA
1973
1971
NA
1993
1989
1985
1969
1963
1943
1939
NA
17151701
19771974
19481949
19551972
1655
1964
1965
1957
1953
1949
1939
1921
1619
1918
1920
1930
1938
1952
1958
1944
16011611
1965
1955
1945
1927
1923
1919
1902
1908
1914
1926
1932
1938
1944
1952
1958
1958
15111519 15331525
1937
1935
1962-4
1965
1957
1951
1943
1931
1931
1931
1921
1911
14331425141514111401
1924
1932
1936
1942
1952
19561951
1941
1939
1935
13531323
1940
1942
1964
1934
1938
1920
13011305130913131317
1919
151115071501147714651453
144114271413140113431329
1970
1313
NA
2012
1304
13241334
13461410
14221430
14421450
14601470
1482
1490
1500
15201530
1540160016101620163016401652
1352
1422
14361495
14851433
1421
1336
1305
2114
2126
2140
1300
13121324 13361400
14121424
14361551
15011433
14211411
13811371
1363
1355
1345
1335
15521510152015301540
16001610
162016301640
1683
1695
16411631
1621161116011541
15311521
15111502
16011605
2210
2220
2230
2240
2250
2260
22652255
2245
2235
2225
2215
2205
1595
15211515
15111445
13351331
2210
2220
2230
2240
2250
2260
22701300130813141318
1324133013361342
NA
1720
1724
176417721776
1780
18041808
1341
14471345
130113051327
NA
1666
1674
1682
1698 1712172417361800 1820183019001912 1922193419461958200020122024203620482050 19741933192119111914
1969
19611955
1949194319391931
19251919
19091811180117331721171117011699
2007 2021
NA
NA
NA
2060
2025
NA
NA
NA
NA
NA
NANA
2090
2395
14117
2100
2080
2040
2022 2133
2421
2409
2101
NA
21082102
13965
13993
2135
NA
2433243524372439
2115
24292431
2425242724002406
24262432
24502037
2033
2422
2418
24462440
2401240324052407
2409241124132415
2417
24192421242324252427
2000
2026
2032
20312022
2006 2023
-50
NA
2402NA
13901
13921-29
5 NA
1 2499
2451
NA2425
2635
NA
13900
13908
NA
2405
2411
13880
13830
2215
NA
13928
13956
14008
14000
14020
13968
1-60
2011-31
1900-1910
1849-1883
1950
1946
1871
9891011 10151025
2425
2435
2445
2455
2465
2475
2485
1013102310332493
901919
2496
2494
2488
2482
2476
2470
2464
24522446
2449
2453
2465
2477
2489
2490
2478
2466
2454
2442
2430
1069
1125
NA
1101
1013
1014
2529
2515
NA2501
2541
2553
1009
10021004
920924 NA
9581004 102410341040
1016
946940
916
930
NA900
935933
2680
911919 929
933
941
2666
945 1011959 1019102110311039
2502
2518
2542
2552
2560
2600
2618
110811161124
2610
12101200
2650
1201120512071211
1121
11011109
1123
2832
2812
2947
2943
2933
2911
2905
2909
29091/2 1120
2915
2907
2901
2900
2906
2916
2930
1110
1240
2802
100010062889
2885
2873
2867
2861
2855
2849
2825
2819
2801
2815
2826
2818
2810
2827
2829
980
2800
2804
2808
2812
2818
2820
2830
2840
2856
2862
2866
2874
2882
2892
2873
2865
2847
2841
2843
2839
2831
2817
2813
2809
2805
2824
2828
1130
NA
NA
2772
NA
100010062797
2795
2777
2775
2769
2781
2779
2762
2764
2766
2768
2774
2798
11182797
2791
2781
2775
2771
2769
2745
2784
2796
2765
2738
2742
2760
2764
2768
NA
2772
NA
2794
2798
2799
2797
2779
2775
2773
2765
2763
2761
2759
2769
2771
2766
2768
2772
2784
2780
2794
2796
1300
1320
2789
2785
2779
2771
2759
2755
2745
2741
2885
2881
2875
2865
2863
2853
2847
2849
2833
2827
2821
2817
NA2801
2804
2810
2816
2826
2832
2838
2840
2842
2844
2846
2868
2870
2882
1248
1324
2843
2837
2829
2821
2815
281128092800
2808
2816
2820
2828
2838
2844
2862
2864
2866
2855
1474
NA
2807
2801
2802
2812
2822
2836
2828
1414
2800NA1516
1500
2799
2789
2787
2785
2779
2775
2769
2767
2763
2759
2753
2747
2748
2754
2762
2766
2770
2782
2784
2788
1410
2783
2745
2737
2735
27312722
2750
2752
2758
2762
2766
2770
2778
2782
2786
2790 1500
2763
2759
2723
2717
2777
1628
1628
NA2749
2743
2739
NA2707
2706
2700
2726
2728
2732
2752
2754
2768
16182780
1700
1728
2729
2725
2723
2721
NA
2734
2738
2703
NA
2708
2720
1826
2709
2707
NA
2722
2702-2706
19221936
2685
2689
2670
2622 2030
2020
2611
2000
2600
2116
2559
2547
2539
2531
2523
19411937
2517
2577
2569
2565
2559
2547
2533
2525
2517
2501
2538
2546
2560
2564NA2570
2510
2532
2528
2506
2500
2075-77
2050
2579
2571
2567
2559
2551
2543
2533
2523
25152509
2501
2518
2526
2528
2546
2554
2566
2572
2578
2500
14465
14461
NA14451
NA
NA
NA14433
14427
14409
144012201
2508
2520
2524
2532
2542
2546
2554
2560
2570
14417
2250
14341
14301
22112201
2422
2457
2400
2412
2414
2450
14317
14395
2492
2482
2472
2462
21402240
14375
14345
NA
2473
2463
2457
2449
2435
2433
2425
2417
2413
2401
2404
2416
2428
2446
2450
2460
2464
2470
2476
2478
2488
NA
2489
2485
24812477
2473
2467
2463
2453
2443
2433
2425
2417
2403
19091905
2375
2365
2355
1907
2314
2322
2336
NA
19001910
2351
2342
2345
2339
2329
2333
19191929
2323
2330-2334
2306
20202028
2349
2341
2335
2331
2319
20092003
2334
2340
2348
2360
2376
2342
2320
20292021
2317
2365
2349
2343
2339
2331
2327
2323
213121172101A2101
2312
2336
2342
NA
2364
2332
2322
14273
14237
2326
2330
2332
NA
2342
2348
2200
14205
142591426
142491425
2300
2363
2357
2351
1780
2354
2360
2400
2406
2410
2416
2422
2428
2432
2438
2442 17501760
1770
2399
2393
2387
2381
2375
2369
2465
2459
2453
2449
2443
2439
2433
2429
2423
2417
24112407
2401
2361
2355
2349
23432337
23311781
2327
2321
2315
230117731765
2300
2306
2314
2320
2328
2334
2340
2348
2356
2360
2400
2406
2414
2420
2428
2432
2438
2617
24602450
1715172117391739
1751
2435
2421
2415
2407
2401
2361
2355
2349
2341
2335
2329
2321
2315
2307
2301
2441
2435
2429
2423
2417
2411
2460
2466
2472
2372
2378
2384
2390
2396
2402
2408
2414
2420
2426
2432
2438
2444
2450
2456
2462
2468
2300
1825
2318
2324
2330
2336
2342
2348
2354
NA
1879-1889
2600
2610
2620
2930
2640
2650
2660
2670
NA
2669
2659
2649
2639
2629
2619
26152609
2605
2571
25312520
2532
2540
2546
2600
2610
2618
2628
2636
2644
2650
2658
2662
2668
2672
2680
2690
2670
2676
2677
2671
2665
2661
2657
2651
2647
2641
2635
2629
2623
2617
2611
2607
2601
2585
2579
2571
2565
2559
2551
2545
2539
2531
2523
2517
2511
2505
2671
2661
2655
2647
2639
2631
2623
2617
2609
2601
2545
2539
2531
2525
2519
2511
2501
2526
2532
2540
2546
2552
2560
2568
2574
2584
2600
2604
2608
2612
2618
2624
2632
2636
2642
2648
2652
2660
2500
2510
2518
2526
2532
2540
2548
2556
2564
2570
2578
2600
2608
2616
2624
2630
2648
2656
2664
2672
2680
2686
2690
1541
153115211511
1501
14001414
14201430
14401450
15001510
26812675
2669
2661
2651
2633
2625
2617
2609
2601
2579
2571
2565
2557
25412537
2531252525152505
2520
2600
260626122614
2616
2620
2626
2630
2634
2638
2644
2648
2652
2656
2660266626702676
2680
2670
2676
2654
26752661
2645
2641
2637
2633
2627
2621
26112606
2614
2624
2630
2636
2640
2646
2650
14411431
14211415
14091401
26972693
2691
NA
2687
2683
2679
2675
2671
2667
2661
2655
2651
2647
2641
2637
2631
2625
2617
2611
2605
2601
2541
2531
2521
25092471
2536
25172509
24492441
24352429
24232415
2404
2414
2420
2428
24362470 24782500251025182526
2465
2459
2451
2441
2435
2429
2423
2417
2411
2405233923312323
2310
2320
23282332
23382344
24002410
24182424
24302436
24422501
23612349
2343233723312327
23212315
1313
1347134113351329
23002324
23302338 23422346
23502356
2360
2366
2370
2380
12131415
16171819
40 393837
36353433
202122
32313029282726252423
2 3 4 56 78 91011
111415161718
19 2122 2324 3130
20 160162
164
166
168170
172174
176178
182184
186188
102104
106108
110112
114116
120122
124126
134132
130128
142140
138136
150148
146
144
156
154
152
NA
171
173
179181
183185
111113
115117
119121
137139141143145147NA
2600
2600
21002114
220022082216
2134
NA2232
1888
NA
20222028NA
21612151214120112001195119311921
191111
15 204120312021 2051 21012111 21212131
2120
2130
2140
2150
2200
2210
2220
22212211
20512031202120112001194119311921
1901
19301940195020002010 21002110 21202130 214021502040205020202030 20102020 20302141
2121
2111
16 14 1941-45
18811861
1871
1861
1851
18411831
18211811
18201830
1880
1821
1811
1801
1751
10 14 16 18
17 15
1820 10
14 16 18
19 17
15 1860 1900
1910
1920
1930
1861
18011741
18001810
18201830
18401850
1860
1880
2101
20612051
20412031
20212011
2001
1951
19411931192119111901
1730
17311721
1711
1851
1831
1821
1811
1710
1720
1730
1650 18001810
1820
1830
18401850
18601900 19101920 19301940
19501960
20002010
2020
2030
20402050103
NA
104
2110
1741
1731
1721
1711
17311711
1710
1720
1730
1740
17501760
18001810
11 1516
14 10
1751
1741
15 17
19 21
2324
22 20
18 16
14 17111701
16611651
1641163116211611
1610
15 11 1620163016401650
16601670
17001710
1720
1730
1740
1651
14 16
10 1611
1601
16201515
1511
1501
1415
1409
1401
1315
1311
13091305
121912151209
34003401
1131
1134 11381200 12061210 12141300
13081314
14001410
1416
1500
1510
1517
14211415
1321
1319
1315
1309
13051219
1217121312091205
1201
1200 12041208 12121222
1300
1318130512431237123312251217
12161224 12321236 12401300 13081312 14001410 14201426 1500 1518
1618
1622
1626
1632
1636
1642
1648
1652
1700
1704
1708
1710
1714
1800
180818103201 19001906 19101914 19181922 19261930 19341938 1940
3200
3206
3210
3300
3306
3310
3314
3316
193519311927192319191915191119051821181518111805180117211717 1939
3320
1711
1617
193919271923191919151911190719011821181518111805
1711
1707
1701
1649
1645
1639
1635
1629
1700
1800
1810
1818
1824
1836
1850
3305
1931NA
1927192319191915190919051901
1831
1819
1809
1808
1818
19001910 19141918
19221926 1930
3311
NA
2999
2988
2990
2992
2994
2996
2998
1933
1929
19251921
19171913
1909
1905
NA
NA
2999
2997
2995
2993
2991
2989
2987
2983 2984
2988
2992
2994
2996
2998
19162997
2995
2993
2991
2989
2987NA NA
1121
112711231115
3500
3510
3520
3524
3528
11161124
3527
3519
3511
350110291021101710091005945941933
3427
3421
3415
3409
3405
34011075107110691005
923
91892493294094410041008101610201028
947
915911
927 933
NA
3420 NA
3327
3315
3309
3305102110191015101110051003935925919911
3300
914 918926 93494010421004106810701026
3322
11391125
3400
3402
3420
1104
1120
11111115
11321126
11251115
3300
3312
3318
1108
1120 112611321140
11311213
1201113111231117
3200
3206 11261210
3210
3208
1102
12231215
3229
3221
3213
3209
3205104510111001991981971961951941931921911901
910960 978980
10001002100810201026
906904
116
10221026
3169
3163
3157
3151
314510111015
122512211215
1133112911271111
3150
3152
3160
3166
11181126 11321140 12141220
12011209
1119
1229122312051203120111351121
1101
3126
3136
11141116
114012061208121212181228
11191115
1127
1130
3125
3119
3111
10101014
10091013
3069NA
3058
3060
3062
11201122
3065
3069
3065
1216
1206-08
3070
2951
NA
3002-60
NA2969
2945
1109
1105
3054
2941
2989
2981
1125
3018
3012
3024
2925
2953
NA
2985
NA
2975
2965
2961
2951
2947
2939
2927
2925
29091205
2948
2958
2960
2960
NA
2919
2932
2926
2942
2938
2990
2968
1291
2989
2983
2975
2965
2961
2951
2943
2933
2929
2919
2911
1301
2918
2926
2936
2944
2952
2968
2976
2982
2990
2960
2998
29031309
2951
2945
2937
2935
2911
2905
2900
2910
2918
2924
2936
2940
2950
2919
2923
2973
2945
2939
2933
2923
2906
2916
2924
2934
2944
2950
2970
2930
2909
2901
2919
2913NA
NA
NA
2891
2879
2882
2886
2894
1411
2883-85
1441
2895
2891
2885
2877
2867
2853
1525
2856
2868
28842890
2892
2865
2857
1501
2876
2878
2841
2564 2893
2867
2861
2849
2841
1615
1601
2834
2838
2842
2844
2854
2858
2864
2878
2892
2884
2880 2887
2837
2831
2883
2825
2821
2817
2811
17802885
2883
2881
2873
2867
2861
2857
2819
2809
2818
2822
282
6 2850
28582860
28801/2
2884
2888
2894
2840
2830
2862
1705
2837
2835
2877
2867
2875
2855
2849
2843
2817
2815
28052802
2812
2814
2830
2836
2844
28702874
2876
2882 2885
288118401800
2860
2858
2856
2852
2957
2955
2945
2943
2937
2929
29022904
2920
2932
2940
2960
2901
2909
2915
29212908
2916
2964
2962 2987
2937
2935
2933
2919
2911
2903
2922
2930
2940
2966
2932
2932
2959
2958
2956
2944
2904
1845
29652948
2942
2936
2928
2918
2912
2906
2900
2915
2921
2927
2935
2943
2949
2979
2949
2952
2960
2972
2976
2961
2955
NANA
2946
2940
2934
2928
2922
2916
2908
2900
2903
2909
2917
2925
2933
2939
2945
2951
2895
2889
2869
2859
2841
2835
2825
2819
2805
2810
2816
2830
2846
2852
2858
2868
2882
2884
2843
2834
2838
NA
2909
2909
290320152005
2914
2924
2958
2978
2982
2986
2833NA
2823
20952029
2800
2816
2826
2840
2846
2854
2870
2882
2880
2890
2843
2863
2871
2853
14771
14761
14701
14789
14800
14820
2821
2813
2805
14700
14726
14772-788
14748
284714734
14760
14718 NA
NA
14640
NA14622
NA
14650
14668
14660
NA
14559
14501
2750
NA
NA
14673
NA
14655
14620
14625
2724
2736
NA
2746
2764
14641
2774
2768
146212718
2701
202420302773
2759
2751
2747
2731
2727
2717
2711
2705
2023
NANA
NA
2001
2720
2726
2730
2742
2752
2754
2760
2776
2016
2781
2775
2755
2741
2735
27312737
1937
1923
2742
2746
2752
2754
NA
2782
1901
2736
2721
2779
2765
2755
27491815
1803
2764
2776180018081814
1835
1749
1715
12451301 1319133713551371 13931401 14091417 1429 3190
3184
3178
3166
3160
3152
3144
3138
3130
3126
3120
3114
3108
3100
147414621456144814321424141614101404
14431461
14021414 14261440
3165
31433139
3137
3135
31333131
147114651451143314191411
3110
3122
3134
3146
3158
3170
13241318
1306
1315 13211329
1348133613221316
1310
1302
13111323
13353141
3163
3175
3187
13441328131213001250
2830-2830
3001
2827
2833
2846
NA
2860
2834
2876
2697-99
2655
NA
2645
26982690
2646
NA
27162732271627082700
25002376
14260
2364 2392
2394
2422
2600
2801
2900
100
2600
2929
2600
2550
14330
14400
14480
14402
2550
2390
2601
924
950
800
NA
NA
14510
14520
NA
14616
14600
NA
2561-95
1130
1140
1150
1160
NANA
11801175
1167
1161
1155
1145
1135
1125
1117
110352031100
1104
1108
1112
1116
1120
1124
1128
1132
11361137
1133
1129
11251125
1121
1117
1113
1109
1105
1101 1100
1120
11104948
50495037
4942
5021-31NA
49365036
50974972
13110
13122
4908
5005
NA
5100
NA
49165012 50365060
1330
5310
5303
1424
1432
1539
1533
1529
1515
1507
1447
1441
1443
1425
5283
5247
1448
1456
1500
1520
5269
5261
5261
1528
3634-38
2526
2500
524852505272527652825286
53005310
524052325224
136013701380
1501
1457
1447
1441
1433
1425
52355229
522152135201
1424
1430
1440
1446
1454
2400
2525
26062614
26202632
2638
NA
27262734
2808
28262832
28372825NA
24242426
NA
2524
NA
2885
2560
2428
24322510
2640
26662670
NA
27022710 27182724 2703
2699
2421
2525
2905
2913
2919
2925
29292933
29392943
2909
2522
2524
25262528
25302532
2534
2610
2620
1 3
5 7 9
10 8
6 4
2 1
3 5
7 9
11 1517
19 250316146
4 2
NA
NA
NA2520
2601
2611
26212631
26412651
2628
2628
2656
265626482648A
13644
2914
2920
2924
2934
2930
NA
2330
13742
NA
13728
13717
NA
13723-29NA
2842-64
NA
1900
1916
1914
1910
NA
1850
1357911 131517192123
252729313335
37 394143
45 47
495153555759
61636567
697173757779
81838587
89 9193959799
101103105107
109
111113115117119
121
123125127129131
NA
NA
261014
18222630
34 38424650
54 586266707478
82869094
98102
104108
112116
120124128132
150
2023A2023
13501
13561
13577-3613
2140
2000
NA
13401
13561
13296
13255
NA
13233
NA
NA
2089
1-76
1000
2121
1002-1016
1002-21
2101
NANA
NA
NA
8415
NA
NA
NA
25013464
13428
13328
13350
13352
NA
40 50
300
NA
NA
3101
3107
3111
25342522
2525
NA
57111312
1306
1354
1370
1330
1340
5650
5636
5632
5628
5626
5606
5600
1300
13511331
5654
5660
NA
5680
1275
1231
1215
54215423
1200
1210
1220
1230
1242
1246
1283
1291
1263
1253
12115447
1253
1249
1243
1237
1231
1229
1225
12215624
NA
1204
1218
1220
1254
1264
1270
5619
5623
5635
1234
1234
1224
1200
1264
5667 1265
1261
1253
1249
1243
1237
1231
1229
1225
1219
1217
5663
565156431228
1230
1234
1238
1242
1246
1250
1254
57415739
1216
1220
1224
1230
1232
1236
1240
1246
5727
5735
54305446 5450
11115555552354415431542154115401
53451100
1140
1160
1180
54705480
5490
56235631
56455647
56555665
57355665
5663
5653
5643
5633
5625
5601
5600
1140
1120
1130
54295421
1008
1026 5435
5426 5500
5501
550255175519
54035411
5521
5659
5659
5659
5659
5659
5659NA
5401
NA
1414
1420
1430
1440
1450
1500
1506
1516
1524
1536
1540
5400
5428
5434
1539
1535
1531
1527
1465
1427
54295425
1511
1459
1447
1455
5517
1420
1430
1442
1474
1504
1510
1516
1524
1530
NA
NA
NA
NA
NA
NA
NA
1400
NA
5531
NA
NA
NA
NA
1460
1466
56125700
NA
1505NA
5555
5549
5501
NA
5457
5451
5417
5425
1670 5433
5433A
NA
1610
2990
NA
2999
2923
2921
2905
1721
1717
NA
1605
1531
NA
1701
1515
1517
1724
NA
13201
13139
NA
NA
13041
NA13021
NA
13013
1297212990
12996 1093
1087
1089
NA
1080
1090 1100
1079
1075 1064
1074
1080 5120
1075
1065 1064
52025210 5220
1322
1330
1338
1344
1346
1350
2316
NA
1408
1414
1420
1424
1436 2316
1500
1516
1524
231423161544
1610-14
1616
1634
1640
1691 2364237023802388
2358
24082420243024322488
252625322538
2540
1651
1680
26182626
2650
1646
1250
3401
3575
3255
3363
NA
NA
3131
NA
3415
53505370 54205442
5460
1793
1791
1733
1729
10 48
24 47
5480-548235
23 NA
NA
NA
NA
NA
NANA
NA
58415833
58215811
5801
55895553
NA5511
18021812

NANA NA
NANA
18131805
1801
54915475
54615445
543154155405
NA
1764
17701800
1810
58025820
1791
1771
1768
5900590859185926 5936594459545962 59725980
5990
598959635955594559315925591759071792
59005902
5914
59265938 59505962 NANA
NA
3625
NANA
NA
NA3320
3508
35163548
3560
3550
NA
3500
34363440
3410-3420
252321191715
24681012
141618202224
2628303234
3638404244464850525456586062
5557596163 NA
5351494745
102104106NA
NA
3430-3430
1 2454
2366
2360
2460
2448
2436
2424
2451
2449
2441
2433
2425
2417
2409
2401
14101414
301-700
1519
-21
22302260
1515
14280
14270
80 SAN PABLOCITY OF
Zoning District Map
Legend
Specific Plans
Overlay Districts
Air Quality Health Risk Overlay
Hillside Overlay
Multifamily Overlay
San Pablo City Limit
Zoning Districts
SP1 - 23rd Street Specific Plan
SP2 - San Pablo Avenue Specific Plan
23rd Street/San Pablo Avenue Overlap
R-1 Single-Family Residential District
R-2 Two-Family Residential District
R-3 Multifamily Residential
R-4 High-Density Multifamily Residential
RMU - Residential Mixed-Use District
NC - Neighborhood Commercial District
CR - Regional Commercial District
CMU - Commercial Mixed-Use District
IMU - Industrial Mixed-Use District
I - Institutional District
OS - Open Space District
0 0.25 0.50.125 Miles
SOURCE: Contra Costa County, 2018; City of San Pablo, 2018 23rd St
20th St
Pine Ave
Chelsey Ave
11th St
11th St
21st St
Market Ave
Market Ave
19th St
19th St
Vale Rd
San Pablo Ave
San Pablo Ave
Willow Rd
Emeric Ave
Stanton Ave
14th St
Amador St
Sutter Ave
Church Ln
Church Ln
San Pablo Dam Rd
Brookside Dr
Dover Ave
12th St
Rumrill Blvd
Rumrill Rd
13th St
Broadway Ave
18th St
17th St
Rivers St
15th St
Sanford Ave
Bush Ave
Lake St
John Ave
Stanton Ave
22nd St
California Ave
Sanford Ave
El Portal Dr
Palmer Ave
Tyler St
N Arlington Blvd
Marin Ave
Espanola Dr
Wilcox Ave
Manor Dr
Alpine Rd
Powell St
Alfreda Blvd
Road 20
Abella Circle
Kelley Ave
Van Ness St
Mason St
Kirk Ln
Stone St
Folsom Ave
Mission Ave
Glenn Ave
Del Camino Dr
Trenton Blvd
Westgate Circle
Morrow Dr
16th St
Manchester Ave
Pullman St
Clare St
MacArthu Ave Merritt Ave
Castro Rd
Post Ave
Colin St
Ventura Ave
Ohare Ave
Joel Ct
Mission Bell Dr
Mission Bell Dr
Gerald Ave
Montoya Ave
Lovegrove St
Regella Ct
Laurie Ln
Padua St
Pablo Vista Ave
Mesa Buena Ave
Moraga St
Casino Ave
Acapulco Dr
Douglas St
Regina Ave
Wyman St
Marelia St
Contra Costa Ave
Valencia Way
Victoria Ct
Madrone Way
Shasta Ave Shasta Ave
Miner Ave
Wanlass Ave
Stonington Ave
Connecticut Ave
Barbara Ln
Randy Ln
Alan Ct
Frieda Ct
Baker St
Dodson St
Vale Rd
Sheffield Ct
Murra Ct
Muir St
Brookhaven Ct
20th St
Road 20
Road 20
22nd St
19th St
23rd St
14th St
18th St
17th St
Ridge Rd
22nd St
18th St
18th St
17th St Merritt Ave
Post Ave
Sutter Ave
Villa Dr
Brookside Ave
21st St
Riverside Ave
Bush Ave
Glenn Ave
Rumrill Blvd
16th St
Lake St
Humboldt Ave
19th St
21st St
15th St
19th St
Yuba Ave
15th St
16th St
17th St
Rumrill Blvd
Fillmore St
20th St
San Pablo Ave
San Pablo Ave
Stanton Ave
Manzanilla Dr Crucero Ave
El Portal Dr
San Pablo Dam Rd.

Dover Ave
Chattleton Ln
Luna Ln
Bayview School
Lake School
John Herbert Davis Park
Dover School
Rumrill
Sports
Park
Downer
School
Salesian
Sports
Fields
St. Joseph’s Cemetary
Helms Junior High School
Contra Costa
Junior College Middle College
High School
St. Paul’s
Church and School
xvii

INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and City Council
City of San Pablo, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the discretely presented component unit, each major fund, and the aggregate remain ing fund information of the City of San Pablo (City), California, as of and for the year ended June 30, 2022, and the related notes to the financial statements, which
collectively comprise the City’s basic financial statements as listed in the Table of Contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City as of June 30, 2022, and the respective changes in financial position and the respective budgetary comparisons listed in the Table of Contents as part of the basic financial statements for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United Stat es. Our responsibilities under those st andards are further described in the Auditor’s Responsibilities for the Audit of the Financial St atements 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 requirement relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair pr esentation of these financial statements in accordance with accounting principles generally accepted in th e United States of America, and for the design, implementation, and maintenance of internal control rele vant to the preparation and fair presentation of the financial statements that are free from material misstatement, whether due to fraud or error.

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

Our objectives are to obtain reasonable assurance about whether the financia l statements as a whole are free from material misstatement, whether due to fra ud or error, and to issue an auditor’s report that includes our opinion.

Reasonable assurance is a high level of assurance but is not ab solute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted au diting standards and Government Auditing Standards will always detect a material mi sstatement when it exists. The ri sk of not detecting a material misstatement resulting from fraud is higher than for one resulting from er ror, as fraud may involve collusion, forgery, intentional omissions, misrep resentations, or the override of internal control. Misstatements are considered material if, individually or in the aggregate, they could reas onably be expected to influence the judgment made by a reasonable user based on the financial statements.

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

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

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures respon sive 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 c ontrol 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.

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

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

Emphasis of Matters

Special Item – Transfer from Economic Development Corporation to City

As discussed in Note 5J, The Economic Development Corporation (EDC) transferred the Rumrill Sports Park capital assets to the City, and the l ease and note payable previously record ed between the City and the EDC was written off. A Special Item on the Statement of Activities was recorded in relation to this transaction.

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

Change in Accounting Principle

Management adopted the provisions of Governmental Accounting Standards Board Statement No. 87, Leases, which became effective during the year ended June 30, 2022 and re quired restatement of certain governmental activities lease-related balances as discussed in Note 1M to the financial statements.

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

2 Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis and other required supplementary information as listed in the Table of Contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, 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 basic financial statements in an appropriate operational, economic or historical context. We have applied cert ain limited procedures to the required supplementary information in accordance with auditi ng standards generally accepted in th e United States of America, which consisted of inquiries of manageme nt about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information becau se the limited procedures do not prov ide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying S upplementary Information, as listed in the Table of Contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements.

Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The inform ation has been subjected to
the auditing procedures applied in the audit of the basic financial statements and ce rtain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the ba sic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the Un ited States of America. In our opinion, the Supplementary Information is fairly stated, in all material respec ts, in relation to the basic financial statements as a whole.

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

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our repo rt dated December 13, 2022, on our consideration of the City’s intern al control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations , contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit pe rformed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Pleasant Hill, California
December 13, 2022
3 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

i
City Hall
: 1000 Gateway Ave., San Pablo, California 94806
Phone: (510) 215-3020 ~ Fax: (510) 215-3012

INDEPENDENT AUDIT
City of San Pablo (“City”) management offers readers this overview of the City’s financial performance for the fiscal year ended June 30, 2022. The accuracy of the data presented and the completeness and fairness of the presentation, including all disclosures in this report, are the responsibility of the City. In accordance with Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments , this Management’s Discussion and Analysis are designed to:
 Highlight information readers may need to assess the City’s financial position,  Make comparisons of current year to prior year financial activity,  Explain any significant deviation in funds and budget variances,  Describ
e capital asset and long-term debt activity during the year, and  Describ
e currently known facts, decisions, or conditions that are expected to have a significant effect on financial p
osition and the City’s ability to address future challenges.

FINANCIAL HIGHLIGHTS
The financial statements present information on the financial health of the City. Highlights for the year ended June 30, 2022 are noted as follows:
• The City’s assets and deferred outflows of resources exceeded lia bilities and deferred inflows of re
sources at the close of F iscal Year (FY) 2022 with a Total Net Position of $160.4 million (Statement of Net Position, Page 16). Of this amount, $30.5 million is unrestricted and may be used to meet the City’s ongoing obligations to citizens and creditors. • As o
f the close of the current fiscal year, the City’s Governmental Funds reported a combined ending fund b
alance of $115.5 million (Governmental Funds – Balance Sheet, Page 19) consisting of th e follo
wing components:

• At the close of the fiscal year, the General Fund reported total assets of $71.3 million and a total fund balance of $68.2 million (Governmental Funds – Balance Sheet, Page 19). This represents an increase in fund balance of $3.8 million, or 5.9% from the prior fiscal year .

Non‐spendable 12,825
Restricted 51,124,290
Assigned 7,825,000
Unassigned (Reserve) 56,534,777
Total Fund Balance at June 30, 2022 $115,496,892
5 City of San Pablo City of San Pablo – 2021/22 ACFR

Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
• On February 1, 2022, the City issued an additional $30.5 million in 2022 Lease Revenue Bonds. The proceeds of these bonds will be used to finance the construction of Police Headquarters and Public Safety Training Center Project and to refund and defease $10.4 million outstanding Lease Revenue Bonds, Series 2015B.

OVERVIEW OF THE FINANCIAL STATEMENTS

This Annual Comprehensive Financial Report consists of the following parts:
 Introductory section, which includes the Transmittal Letter and general information,  Management’s Discussion and Analysis,
 Basic Financial Statements, including the Government-wide and the Fund Financial Statements, along with the Notes to these financial statements,
 Supplementary Information including Schedules of Changes in the Net Pension Liability and Schedule of Contributions, and
 Statistical information and other schedules.

Basic Financial Statements

The Basic Financial Statements ar e comprised of three components: (1) Government-wide Financial Statements, (2) Fund Financial Statements, and (3) Notes to Basic Financial Statements.

Government-Wide Financial Statements

The Statement of Net Position and the Statement of Activities report information about the City’s finances as a whole. These statements report consolidated financial information on the City’s primary activities, which include police, public works, community services, co mmunity development, and general administration.

While some of these activities are supported in part by charges for services and grants, the majority are financed by casino contract revenues, property taxes, sales taxes, utility taxes, and other governmental taxes and assessments such as the State gas taxes, and motor vehicle taxes.

These statements report all assets, liabilities and deferred inflows/outflows of resources using the full accrual basis of accounting similar to the accounting model used by private sector firms. Under this accounting model, all assets and all liabilities, including re venues and expenditures for providing services, are recognized within the reporting period or soon after (45 days).

The Statement of Net Position – the difference between assets and lia bilities – is one way to measure the City’s financial health. Over time, increases or decreases in the City’s net position is one indicator of whether its financial health is improving or declining. However, other non-financial factors must also be considered, such as changes in the City’s property tax base, sale s tax, and condition of the City’s physical assets, including roads, facilities, and other infrastructure.
6 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Financial Analysis of Government-Wide Financial Statements This section focuses on the City’s net position and changes in net position of its governmental activities for the fiscal year ending June 30, 2022. As noted earlier, the City’s total assets and deferred outflows of resources exceeded total liabilities and deferred inflows of resources by $160,352,105. This compares to a net position of $148,932,099 in the prior year ended June 30, 2021, an increase of 7.7% or $11,420,006.

This increase is attributed to noncurrent assets and primarily due to receipts of reimbursements from previous year’s capital projects.

Statement of Net Position
The detailed Statement of Net Position (Basic Financial Statements, Page 16) is a snapshot of the City’s financial position at the end of the Fiscal Year 2021-22. The following table provides a summary of the City’s net position at June 30, 2022, compared to the prior year.

Table 1. Statement of Net Position as of June 30, 2021 and 2022 FY 2020-21 FY 2021-22 % Change
Assets
Current Assets $103,340,858 $133,877,181 29.55%
Capital Assets 124,571,096 145,447,192 16.76%
Total Assets 227,911,954 279,324,373 22.56%
Deferred Outflow of Resources
Related to Pensions 9,395,024 11,489,215 22.29%
Related to OPEB 3,457,052 4,776,019 38.15%
Total Deferred Outflow 12,852,076 16,265,234 26.56% Liabilities
Current Liabilities 7,694,474 7,806,546 1.46%
Long-term Liabilities 77,504,539 100,182,013 29.26% Total Liabilities 85,199,013 107,988,559 26.75%
Deferred Inflow of Resources
Related to Pensions 1,958,301 24,724,184 1162.53%
Related to OPEB 4,674,617 2,524,759 -45.99%
Total Deferred Inflow 6,632,918 27,248,943 310.81%
Net Position
Invested in Capital 94,823,104 110,624,020 16.66%
Restricted 20,513,642 19,239,898 -6.21%
Unrestricted 33,595,353 30,488,187 -9.25%
Total Net Position $148,932,099 $160,352,105 7.67%
7 City of San Pablo City of San Pablo –
2021/22 ACFR
Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Pension reporting changes required by GASB No. 68 & 71 were first implemented in FY 2014-15. As of June 30, 2022, the portion of Noncurrent Liabilities related to pensions is $30,335,478, compared to $47,488,485 as of June 30, 2021.

Of the City’s Total Net Position, $110,624,020, or 69%, is invested in ca pital assets (e.g., land, buildings, machinery and equipment) and is reported net of related debt. Since these capital assets are used to provide services to the community, they may not be readily used to liquidate liabilities. An additional 12% of the net position ($19,239,898) is restricted for capital projects, debt service and low and moderate income housing, and $30,488,187, or 19%, of the City’s net position is unrestricted.

At the end of the current fiscal year, the City is able to report a positive and improved overall financial position.

Statement of Activities
The detailed Statement of Activities (Basic Financial Statements, Page 17) presents the City’s revenue and incurred expenses for the year ended June 30, 2022. All financial activiti es of the City are recorded here, including operational costs, capital project costs, depreciation, and accrued liabilities such as vacation and sick leave.

The Statement of Activities demonstrates how much each activity is funded through special revenues and assessments, fees and grants, and illustrates the relative expense supported by the City’s general discretionary revenues (i.e., casino contract revenues, property taxes, and sales tax). The following table is information from the Statement of Activities presented in an alternative format and comparing the City’s activities at the end of Fiscal Year 2021-22 with that of the prior year.
8 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Table 2. Statement of Activities as of June 30, 2021 and 2022 Program Revenues: FY 2020-21 FY 2021-22 % Change
Charges for Services $2,260,115 $3,551,123 57.1%
Operating Grants and Contributions 2,460,329 6,883,452 179.8% Capital Grants and Contributions 1,070,768 7,428,316 593.7% Total Program Revenues 5,791,212 17,862,891 208.4%
General Revenues:

Property Taxes 2,410,402 2,750,176 14.1%
Sales Taxes 4,801,115 5,049,824 5.2%
Utility Taxes 2,731,594 2,864,920 4.9%
Transient Occupancy Taxes 666,643 569,390 -14.6%
Franchise Taxes 927,262 979,688 5.7%
Payment in Lieu of Taxes 2,100,360 2,142,368 2.0%
Other Taxes 123,084 87,679 -28.8%
Motor Vehicle Taxes 2,994,786 3,126,924 4.4%
Casino Contract Revenues 26,811,866 29,966,698 11.8%
Use of Money and Property 378,818 262,365 -30.7%
Gain from Sale of Capital Assets 4,198,761 9,061 -99.8% Miscellaneous 2,606,689 4,934,341 89.3%
Total General Revenues 50,751,380 52,743,434 3.9%
Total Revenues 56,542,592 70,606,325 24.9%
Expenses:

General Administration 16,770,379 16,172,199 -3.6%
Community Recreation 2,669,889 2,478,905 -7.2%
Community Development 8,883,785 5,276,529 -40.6%
Community Housing 92,370 117,624 27.3%
Public Works & Engineering 7,043,052 7,972,673 13.2%
Police 22,209,621 23,239,924 4.6%
Interest on Long-term Debt 1,150,307 3,928,465 241.5%
Total Expenses 58,819,403 59,186,319 0.6%
Change in Net Position -2,276,811 11,420,006 -601.6%
Net Position, Beginning of the Year 151,208,910 148,932,099 -1.5% Net Position, End of the Year $148,932,099 $160,352,105 7.7% 9 City of San Pablo City of San Pablo – 2021/22 ACFR

Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Revenues
When compared to the previous year, total revenues in creased by $14,063,733 or 24.9%. A significant portion of the increase is from total program revenues, which includes grants and contributions. In FY 2021-22, the City received $10,780,761 more in capita l and operating gr ants combined than in FY 2020- 21 to fund various projects including the Rumrill Boulevard Complete Streets Project and the WCC Restoration Project. One-time capital grants and grant revenue can fluctuate from year to year depending on the timing of grant funded projects. Total general revenues also had a small modest increase, attributed to strong casino contract revenues that help to offset revenue decreases from transient occupancy taxes and other taxes.

Expenses
Overall, total expenses as shown in the Statement of Activities remained relatively unchanged from the previous year, reflecting a negligible increase of $366,916 or .6%. However, there was substantial decline in program expenses in community development, offset by expense increases from Interest on long-term
debt, due to the City’s issuance of the 2022 JPFA Lease Revenue Bonds and from the Police Department in maintaining essential services.

Fund Financial Statements
The Fund Financial Statements provide detailed information about the City’s most significant funds, called major funds. The concept of major funds, and the determination of which are major funds, was established by Governmental Accounting Standa rds Board (GASB) Statement No. 34 and replaced the concept of combining like funds and presenting th em in total. Therefore, each major fund is presen ted individually, with all non-major funds co mbined in a single column on each fu nd statement. Subordinate schedules display these non-major funds in more detail. Major funds present the major activ ities of the City for the year. The General Fund is always considered a majo r fund, but other funds may change from year to year as a result of changes in the pattern of City activities.

The Fund Financial Statements, which include Govern mental and Fiduciary Funds, display the City’s operations in more detail than the Government-wide Financial Statements and focus primarily on the short- term activities of the City’s General Fund and other major funds.

Financial Analysis of Fund Financial Statements
The Governmental Funds Balance Sheet and Statement of Revenues, Expend itures and Changes in Fund Balances report information about the City’s finances by fund group. The City’s governmental funds are categorized into six major fund groups – General Fund, Low and Moderate Income Housing Assets, Public Works Construction, 2015 JPFA Lease Revenue Bonds, 2022 JPFA Lease Revenue Bonds and Other Governmental Funds. When considering the relative health of the City’s finances, it is useful to look more closely at the fund balances for each group.

10 City of San Pablo City of San Pablo – 2021/22 ACFR

Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Governmental Funds
The General Fund group includes the City’s discretionary resources (e.g., casino contract revenues, property taxes, and sales tax) and functions as the general operating fund.

In addition to the General Fund, the City of San Pablo recognizes the following funds as Major Funds:
 Low and Moderate Income Housing Assets (Fund 250, Fund 280, Fund 404)  Public Works Construction (Fund 320)
 2015 JPFA Lease Revenue Bonds (Fund 315, Fund 317)
 2022 JPFA Lease Revenue Bonds (Fund 419)
 Other Governmental Funds – includes Gas Tax, Public Safety, NPDES, Development Services, Measure C/J, Asset Seizures, Paratransit, Str eet Lighting and Landscaping, Traffic Congestion Relief, HCD Grant, Measure K, and 2018 JPFA Lease Revenue Bonds Fund Balance
The intent of GASB Statement Number 54, Fund Balance Reporting and Governmental Fund Type Definitions, is to provide more clearly defined fund balance classifications to make the nature and extent of the constraints placed on a government’s fund balances more transparent.

GASB 54 places fund balance under five possible classi fications: non-spendable, restricted, committed, assigned and unassigned. Only fund balance in the General Fund is able to be classified as unassigned because all other funding sources come with restrictions for use by legislative action at the local , state or federal level.

As shown in the Balance Sheet (
Governmental Funds – Balance Sheet, Page 19 ), as of the fiscal year ended June 30, 2022, the City’s Governmental Fund types included a combined ending fund balance of $115,496,892. Of that total, 44.3% ($51,124,290) is classified as restricted (i.e., Certificates of Participation, debt service, grants, or restricted by legislative action at any local, state, or federal level), and 6.8% (7,825,000) is assigned.

The detailed Statement of Revenues, Expenditures and Changes in Fund Balances (Basic Financial Statements, Page 21) presents changes to fund balan ces resulting from the FY 2021-22 actual revenue and expenditure activity. A summary of net changes by fund group is shown in the table below.

Table 3. Summary of Net Changes to Fund Balance by Fund Group

Fund Balance General Fund
Low and
Moderate
Income
Housing
Assets
Publ ic Works
Construction
2015 JPFA
Lease
Revenue
Bonds
2022 JPFA
Lease
Revenue
Bonds
Other
Governmental
Funds
Total
Governmental
Funds
Beginning Fund Balance $64,379,930 8,997,907 $3,290,693 $2,189,561 $0 $5,035,481 $83,893,572 Ending Fund Balance 68,160,379 9,302,757 - 2,190,577 29,749,257 6,093,922 115,496, 892 Net Change $3,780,449 $304,850 ($3,290,693) $1,016 $29,749,257 $1,058,441 $31,603,320 Percent Change 6% 3% -100% 0% 0% 21% 38%
11 City of San Pablo City of San Pablo – 2021/22 ACFR

Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Net Change in Fund Balances Highlights
 The total fund balance of the City’s General Fund increased by $3,780,449, or 6%. The increase in fund balance can be largely attributed to incr eases across the vast majori ty of revenue streams, and in particular, casino contract revenues with $3,154,832, or 12%, increase from the year prior.  Change in fund balance for both Low and Moderate Income Housing Assets and 2015 JPFA Lease Revenue Bonds are due to interest earned durng the fiscal year.  Change in Public Works Construction fund balance is due to repayment of previous advances made by the General Fund.
 On February 1, 2022, the City of San Pablo Jo int Powers Financing Authority issued $30,470,000 2022 JPFA Lease Revenue Bonds, the proceeds of which would be used to finance the construction of the new Police Headquarters and Public Safety Training Center. As of June 30, 2022, the fund balance was $29,749,257.
 Change in Other Governmental Funds fund balance is attributed to increase in revenues across all funds.

General Fund Budgetary Highlights
To better gauge and navigate the unprecedented effects of the Coronavirus pandemic occurring on a global scale and on the local level, the City adopted a one-year budget for FY 2021/2022. The impact of Covid-19 was widely felt but the extent was being determined at the time the budget was adopted. The variation between budget and the actual results indicates General Fund actual revenues exceeded the final amended budget by $11,823,483, or 26.7% due to a more conservative budget forecasts and a more rapid return to normal economic behaviors after pandemic as indicated by both sales tax and casino revenue.

STRENGTHS AND RISKS
General Purpose Fund Reserve
Reserve Policies
To address fiscal uncertainty, the City adopted the Fiscal Resiliency Reserve Policy in October 2013. The policy requires Catastrophic Reserves at 50% of the general operating funds budget, and a Budget Stabilization Reserve at 5.0% of the same operating funds budget. The policy also establishes General Fund Designated Reserves, which allo w the City to allocate funding for large, future expenses, including such things as CalPERS retirement rate increases, unfunded liabilities such as compensated absences, vehicle replacements, etc. Additionally, the polic y establishes the Future Capital Projects Reserves to earmark funding for large capital projects in the absence of RDA funding. The policy also established the City Manager’s Contingency Account at 1% of the general operating funds budget to pay for unbudgeted and unforeseen expenses that arise during the normal course of business. Additionally, the City added the Casino Revenue Stability Reserve in June 2016, allowing the City to set aside up to 50% of unused audited fund balance as a rainy-day fund to guard against the sudden loss of casino revenue.

12 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Major Funding Sources
The City’s general operations depend heavily on property taxes, sales taxes, casino contract revenues, and other taxes which includes the payment in lieu of taxes from the Lytton Casino. The tables below reflect a three- year history of the City’s major funding sources, with revenue receipts taken from the Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual, Page 23.

Property Taxes
Historically, property tax revenues remain stable with a slight increase annually. However, Covid-19 put uncertainty to our usual expectations and as the table shows, FY 2021-22 property tax revenues have finally recovered to pre-Covid-19 levels.

Table 4. History of Property Tax Revenues

Sales Tax
In June 2012, the voters passed Measure Q, a ten-year initiative, which increased the sales tax base by 0.5% for the first five years, decreasing to 0.25% for the last five years. The original budget anticipated sales tax revenue of $4.7 million, with the final budget reflecting a more modest expectation of $3.6 million. The actual income received was $3.9 million, an increase over the final budgeted projections by $.3 million.

Table 5. History of Sales Tax Revenues

Casino Contract Revenues
Because of the volatile and unpredictable nature of the changing economy and gaming revenue stream, the City budgeted conservatively at $30.5 million for casino contract (non-regulatory) revenue, which derives exclusively from Casino San Pablo. The final adjusted budget amended the casino revenues to $26.6 million.

With little to ease the continued transmission of Covid-19, the Casino nevertheless remained operational the entire fiscal year and the City received revenue of $29.6 million, an increase of $3.1 million or 11.8% from the previous year.

Table 6. History of Casino Contract Revenues
Revenue Source FY 2019-20 FY 2020-21
% Change
FY19-20 to
FY20-21
FY 2021-22
% Change
FY20-21 to
FY21-22
Property Taxes $1,536,711 $1,255,899 -18.27% $1,580,496 25.85% Revenue Source FY 2019-20 FY 2020-21
% Change
FY19-20 to
FY20-21
FY 2021-22
% Change
FY20-21 to
FY21-22
Sales Taxes $3,178,659 $3,699,105 16.37% $3,861,082 4.38% Revenue Source FY 2019-20 FY 2020-21
% Change
FY19-20 to
FY20-21
FY 2021-22
% Change
FY20-21 to
FY21-22
Casino Contract Revenues $21,345,016 $26,442,053 23.88% $29,564,500 11.81% 13 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
Other Taxes
Included in other taxes is motel taxes, trailer space fe e, transfer tax, franchise fees and PILOT casino fees, which, from the original budget of $1.8 million, increased on the final budget to $3.7 million, a more accurate reflection of the actual $3.8 received from other taxes.

Table 7. History of Other Taxes
General Fund
Revenues
Specific to the General Fund, the following chart illustrates the major revenues sources (using figures from the Statement of Revenues, Expenditures and Changes in Fund Balances, Page 21).

Chart 1. FY 2021-22 General Fund Revenues (Total $56,158,581) Revenue Source FY 2019-20 FY 2020-21
% Change
FY19-20 to
FY20-21
FY 2021-22
% Change
FY20-21 to
FY21-22
Other Taxes $33,313,045 $3,817,349 -88.54% $3,779,125 -1.00% 14 City of San Pablo City of San Pablo – 2021/22 ACFR

Management’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
The City proactively addresses issues that it has some measure of control over; however, external factors exist over which the City has little or no control. While th e City relies heavily on cas ino contract revenues for ongoing operations, it also relies on property taxes fo r its ongoing operations. Based on the passage of Proposition 13 by California voters in 1978, the property tax rate was fixed at 1% of the assessed value of a home plus any assessment bond approved by popular vote. Proposition 13 also froze how the property tax dollars are distributed amount all the benefactors, including the City government. The distribution of property tax dollars set under Prop. 13 was based on what existed in 1976.

Expenditures
The following chart illustrates the relative distribution of the City’s General Fund expenditures (using figures from the Statement of Revenues, Expenditures, and Changes in Fund Balances , Page 21). Expenditures under General Government include the City Council, City Manager, City Attorney, City Clerk, Human Resources, Finance and Information Technology.

Chart 2. FY 2021-22 General Fund Expenditures (Total $37,541,148)

Debt
On March 3, 2013, the City entered into a 15-year, 1.0% interest rate loan agreement with the California Energy Resources Conservation and Development Co mmission to borrow $1,141,738 for various solar panel projects at the City Hall complex. Principal and interest payments are payable semiannually with the first loan payment due December 22, 2015 and the last due in December 2029. 15 City of San Pablo Ci ty of San Pablo –
2021/22 ACFR
Manageme
nt’s Discussion and Analysis

City Hall: 1000 Gateway Ave., San Pablo, California 94806 Phone: (510) 215-3020 ~ Fax: (510) 215-3012
On February 18,
2015, the City of San Pablo Join t Powers Financing Authority issued $4,255,000 and $11,555,000 in 2015 Lease Revenue Bonds, Series A and B. The proceeds of these bonds were used to finance certain capital improvement projects and property acquisitions for the City, including a library facility and upgrades to City Hall.

On January 31, 2018, the City of San Pablo Joint Powers Financing Authority issued an additional $15,325,000 in 2018 Lease Revenue Bonds. The proceeds of these bonds were used to finance construction of a new City Hall. Principal and interest payments on the 2018 Bonds are due semi-annually through 2052.

On February 1, 2022, the City of San Pablo Joint Powers Financing Authority issued an additional $30,470,000 in 2022 Lease Revenue Bonds. The proceeds of these bonds were used to finance construction of Police Headquarters and Public Safety Training Center Project and to refund and defease all of the outstanding Lease Revenue Bonds, Series 2015B. Principal and interest payments on the 2022 Bonds are due semi-annually through 2053.

Redevelopment
The dissolution of all redevelopment agencies (RDA’s) statewide continues to impact San Pablo activities as the City must rely on other revenue sources to fund capital projects rather than RDA bond proceeds. As evidence of the changed environment, all assets of the former RDA were transferred to the Local Successor Agency, which continues to unwind and dissolve all RDA financial and contractual obligations. In June 2014, the State Department of Finance approved the City’s Long-Range Property Management Plan, giving the City authority to move forward with the use and disposition of all remaining properties as proposed.

Major Capital Improvement Projects
The City’s adopted capital improvement program (CIP) for FY 21‐22 totals $1 million. The CIP is designed to meet community needs, with special emphasis on those projects that contribute to the City’s economic vitality and quality of life.

Some of the major projects for FY 21‐22 (and their costs) include the following:
 Rumrill Blvd Complete Street Project (0700) - $7,140,8

50.  Intersection
Improvement (0701) - $261,304.
 PD
Headquarters-Public Safety Training Center (0104) - $149,988.

REQUESTS FOR INFORMATION
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives.

Questions about this report should be directed to the Finance Department, located at 1000 Gateway Avenue, San Pablo, California 94806.
16 STATEMENT OF NET POSITION

AND STATEMENT OF ACTIVITIES
The Statement of Net Position and the Statement of Activ ities summarize the entire City’s financial activities and financial position. They are prepared on the same basis as is used by most business es, which means they include all the City’s assets, all its deferred inflows/outflows of resources and all its liabilities , as well as all its revenues and expenses. This is known as the full accrual basis—the effect of all the City’s transactions is taken int o
account, regardless of whether or when cash changes hands, but all material internal transactions between City funds have been eliminated.

The Statement of Net Position reports the difference betw een the City’s total assets and deferred outflows of resources and the City’s total liabilitie s and deferred inflows of resources, in cluding all the City’s capital assets and all its long-term debt. The Statement of Net Position presents information in a way that focuses the reader on the composition of the City’s net pos ition, by subtracting total liabilities and deferred inflows of resources from total assets and deferred outflows of resources.

The Statement of Net Position summarizes the financial positi on of all of the City’s Governmental Activities in a single column. The City’s Governmental Activities includ e the activities of its General Fund, along with all its Special Revenue, Capital Projects and Debt Service Fund s that present the financial position of the primary government. This column is followed by a column that displays the discretely presented component unit.

The Statement of Activities reports increases and decreases in the City’s net position. It is also prepared on the full accrual basis, which means it includ es all the City’s revenues and all its expenses, regardless of when cash changes hands. This differs from the “modified accrual” basis used in the Fund financial statements, which reflect only current assets, current liabilities, available revenues and measurable expenditures.

The Statement of Activities presents the City’s expenses first, listed by program. Program revenues—that is, revenues which are generated directly by these programs—are then deducted from program expenses to arrive at the net expense of each governmental program. The City’s general revenues are then listed in the Governmental Activities or discretely presented component unit and the Change in Net Position is computed and reconciled with the Statement of Net Position.

Both these Statements include the financial activities of the City and the City of San Pablo Joint Powers Financing Authority. The balances a nd the activities of the discretely pr esent component unit of the San Pablo Economic Development Corporation are included in these statements as separate columns. 17 CITY OF SAN PABLO

STATEMENT OF NET POSITION
JUNE 30, 2022
Primary Government Com ponent Unit
Economic
Governmental Develo pment
Activities Cor poration
ASSETS
Cash and investments available for operations (Note 3) $77,035,761 $2,404,944 Restricted cash and investments (Note 3) 31,939,917
Accounts receivable, net 11,190,031 75,396
Due from other governments, net 851,966
Prepaids and deposits (Note 1H) 11,141 4,340
Employee loans receivable (Note 5A) 1,684
Loan receivable (Note 5B) 300,000
Notes receivable under former Redevelopment
Agency programs, net (Note 5C) 12,546,681
Capital assets (Note 6):

Land and construction in progress 21,366,451
Depreciable capital assets, net 124,080,741 1,353,033
Total assets 279,324,373 3,837,713

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions (Note 9B) 11,489,215
Related to OPEB (Note 10E) 4,776,019
Total deferred outflows of resources 16,265,234

LIABILITIES
Accounts payable and accrued liabilities 4,615,465 26,228 Deposits payable 918,143 38,323
Claims payable, due within one year (Note 12) 66,423
Compensated absences (Note 1G):

Due within one year 1,663,094
Due in more than one year 456,600
Long-term debt (Note 7):

Due within one year 454,874
Due in more than one year 52,597,519 1,300,000
Net pension liability, due in more than one year (Note 9B) 30,335,478 Net OPEB Liability (Note 10C) 3,225,792
Lease liability (Note 15)
Due within one year 88,547
Due in more than one year 13,566,624
Total liabilities 107,988,559 1,364,551

DEFERRED INFLOWS OF RESOURCES
Related to pensions (Note 9B) 24,724,184
Related to OPEB (Note 10E) 2,524,759
Total deferred inflows of resources 27,248,943
NET POSITION (Note 8)
Net investment in capital assets 110,624,020 53,033
Restricted for:

Capital projects 6,085,419
Low and moderate income housing 13,154,479
Economic development projects 2,420,129
Total restricted net position 19,239,898 2,420,129
Unrestricted net position 30,488,187
Total net position $160,352,105 $2,473,162
See accompanying notes to financial statements
18 CITY OF SAN PABLO

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2022
Net (Expense) Net (Expense)
Revenue and Revenue and
Changes in Changes in
in Net Position in Net Position
Program Revenues Primary Government Component Unit
Operating Economic
Charges for Grants and Capital Governmental Development Functions/Programs Expenses Services Contributions Grants Activities Corporation Primary Government:

Governmental Activities:

General Government $16,172,199 $252,246 $235,883 ($15,684,070) Community:

Recreation 2,478,905 20,035 (2,458,870)
Development 5,276,529 1,361,181 106
$265,256 (3,649,986)
Housing 117,624 513,890 396,266
Public Works & Engineering 7,972,673 846,732 1,549,988 7,163,060 1,587,107 Police 23,239,924 1,070,929 4,583,585 (17,585,410)
Interest on long-term debt 3,928,465 (3,928,465)
Total Governmental Activities $59,186,319 $3,551,123 $6,883,452 $7,428,316 (41,323,428) Component Unit:

Economic Development Corporation $2,069,672 $62,892 $1,161,141 ($845,639) General revenues:

Taxes:

Property taxes 2,750,176
Sales taxes 5,049,824
Utility taxes 2,864,920
Transient occupancy taxes 569,390
Franchise taxes 979,688
Payment in lieu of taxes 2,142,368
Casino contract revenues 29,966,698
Other taxes 87,679
Intergovernmental unrestricted:

Motor vehicle in lieu fees 3,126,924
Use of money and property 262,365
Gain from sale of capital assets 9,061
Other revenue 250,188
Miscellaneous 4,934,341
Total general revenues 52,743,434 250,188
Change in Net Position before Special Item 11,420,006 (595,451) Special Item:

Transfers of assets and rescindment of debt between City and EDC (Note 5J) 2,165,552 Change in Net Position after Special Item 11,420,006 1,570,101 Net Position - Beginning 148,932,099 903,061
Net Position - Ending $160,352,105 $2,473,162
See accompanying notes to financial statements
19 FUND FINANCIAL STATEMENTS
Major funds are defined generally as having significan
t activities or balances in the current year.

The funds described below were determined to be Major Funds by the City for fiscal 2022. Individual non-major funds may be found in the Supplemental Section.

GENERAL FUND
The General Fund is the general operating fund of the City. It is used to a ccount for all financial resources except those required to be accounted for in another fund. The major revenue sources for this Fund are property taxes, sales taxes, utility users tax, franchise fees, business licenses, unrestricted revenues from the State, fines and forfeitures and interest income. Expenditures are made for public safety, recreation, and the other services described above.

LOW AND MODERATE INCOME HOUSING ASSETS
This fund accounts for the activities related to the housing assets assumed by the City as Housing Successor to the former Redevelopment Agency. The activities are governed by California redevelopment law and all revenues from the collection of loan repayments must be used to provide housing for people with low and moderate incomes.

PUBLIC WORKS CONSTRUCTION
This fund accounts for major City capital improvement projects. 2015 JPFA LEASE REVENUE BONDS
This fund accounts for capital improvement projects funded by the proceeds of the 2015 Lease Revenue Bonds. 2022 JPFA LEASE REVENUE BONDS
This fund accounts for capital improvement projects funded by the proceeds of the 2022 Lease Revenue Bonds. 21 GOVERNMENTAL FUNDS

BALANCE SHEET
JUNE 30, 2022
Low and
Moderate 2015 2022 Othe r Total
Income Public Works JPFA Lease JPFA Lease Governmental Governmental General Housin g Assets Construction Revenue Bonds Revenue Bonds Funds Funds ASSETS
Cash and investments available for operations (Note 3) $60,889,192 $9,302,907 $6,843,662 $77,035,761 Restricted cash and investments (Note 3) $2,190,577 $29,749,257 83 31,939,917 Accounts receivable 3,022,944 $7,573,728 593,359 11,190,031 Due from other governments 851,966 851,966
Due from other funds (Note 4A) 6,219,383 6,219,383
Prepaids and deposits (Note 1H) 11,141 11,141
Employee loans receivable (Note 5A) 1,684 1,684
Loan receivable (Note 5B) 300,000 300,000
Redevelopment Agency program loans, net (Note 5C) 12,546,681 12,546,681 Total Assets $71,296,310 $21,849,588 $7,573,728 $2,190,577 $29,749,257 $7,437,104 $140,096,564

LIABILITIES
Accounts payable and accrued liabilities $2,524,841 $150 $1,748,599 $341,875 $4,615,465 Due to other funds (Note 4A) 5,825,129 394,254 6,219,383 Deposits payable 311,090 607,053 918,143
Total Liabilities 2,835,931 150 7,573,728 1,343,182 11,752,991

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - loans and notes receivable 300,000 12,546,681 12,846,681 Total Deferred Inflows of Resources 300,000 12,546,681 12,846,681

FUND BALANCES
Fund balance (Note 8):

Nonspendable 12,825 12,825
Restricted 3,753,733 9,302,757 $2,190,577 $29,749,257 6,127,966 51,124,290 Assigned 7,825,000 7,825,000
Unassigned 56,568,821 (34,044) 56,534,777
TOTAL FUND BALANCES 68,160,379 9,302,757 2,190,577 29,749,257 6,093,922 115,496,892 Total Liabilities, Deferred Inflows of Resources
and Fund Balances $71,296,310 $21,849,588 $7,573,728 $2,190,577 $29,749,257 $7,437,104 $140,096,564 See accompanying notes to financial statements

CITY OF SAN PABLO
22 CITY OF SAN PABLO
Reconciliation of the

GOVERNMENTAL FUNDS BALANCE SHEET
with the

STATEMENT OF NET POSITION
JUNE 30, 2022
Fund Balance - Total Governmental Funds $115,496,892
Amounts reported for Governmental Activities in the Statement of Net Position are different from those reported in the Governmental Funds because of the following:

CAPITAL ASSETS TRANSACTIONS
Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not reported in the Governmental funds. 145,447,192

NON-CURRENT REVENUES
Revenues which are unavailable on the Fund Balance Sheets because they are not available currently are taken into revenue in the Statement of Activities. 12,846,681

LONG TERM ASSETS, LIABILITIES AND DEFERRED OUTFLOWS/INFLOWS OF RESOURCES The assets, deferred outflows of resources, liabilities and deferred inflows of resources below are not due and payable in the current period and therefore are not reported in the Funds:

Deferred outflows of resources related to pensions 11,489,215 Deferred outflows of resources related to OPEB 4,776,019 Claims payable (66,423)
Compensated absences (2,119,694)
Long-term debt (53,052,393)
Net pension liability (30,335,478)
Net OPEB liability (3,225,792)
Lease liability (13,655,171)
Deferred inflows of resources related to pensions (24,724,184) Deferred inflows of resources related to OPEB (2,524,759) NET POSITION OF GOVERNMENTAL ACTIVITIES $160,352,105
See accompanying notes to financial statements
23 CITY OF SAN PABLO

GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2022
Low and
Moderate 2015 2022 Other Total
Income Public Works JPFA Lease JPFA Lease Governmental Governmental General Housing Assets Construction Revenue Bonds Revenue Bonds Funds Funds

REVENUES
Property taxes $1,580,496 $837,405 $2,417,901
Sales taxes 3,861,082 1,693,350 5,554,432
Utility users tax 2,864,920 2,864,920
Casino contract revenues 29,564,500 29,564,500
Other taxes 3,779,125 3,779,125
Licenses and permits 402,198 402,198
Fines and forfeits 288,531 288,531
Intergovernmental 7,870,031 $8,061,835 2,198,304 18,130,170 Charges for services 858,618 1,115,539 1,974,157
Use of money and property 762,418 $513,364 3 $1,017 $200,982 (139,430) 1,338,354 Miscellaneous 4,728,860 5,003 45,819 4,779,682
Total Revenues 56,158,581 513,364 8, 066,841 1,017 200,982 6,153,185 71,093,970

EXPENDITURES
Current:

General Government 13,198,399 1,620,913 14,819,312
Community:

Recreation 2,334,965 2,334,965
Development 1,781,014 1,781,014
Housing 117,624 117,624
Public Works & Engineering 671,267 4,191,185 4,862,452
Police 20,303,996 20,303,996
Capital outlay 449,666 9,119,340 2,180 9,571,186
Debt service:

Principal retirement 165,013 10,365,000 245,000 10,775,013 Interest and fiscal charges 417,842 1,463,077 1,204,174 563,213 3,648,306 Total Expenditures 37,541,148 117,624 9, 119,340 11,828,077 1,204,174 8,403,505 68,213,868

EXCESS OF REVENUES
OVER (UNDER) EXPENDITURES 18,617,433 395,740 (1 ,052,499) (11,827,060) (1, 003,192) (2,250,320) 2,880,102

OTHER FINANCING SOURCES (USES)
Proceeds from sale of property 9,110 9,110
Proceeds from issuance of debt 34,043,108 34,043,108
Special Item - transfer of assets and rescindment
of debt between City and EDC (Note 5J) (5,329,000) (5,329,000) Transfers in (Note 4B) 3,678,113 1,052,500 11,828,076 4,216,486 20,775,175 Transfers (out) (Note 4B) (13,186,097) ( 100,000) (3,290,694) (3,290,659) (907,725) (20,775,175) Total Other Financing Sources (Uses) (14,836, 984) (90,890) (2,238,194) 11,828,076 30,752,449 3,308,761 28,723,218 NET CHANGE IN FUND BALANCES 3,780,449 304,850 (3,290,693) 1,016 29,749,257 1,058,441 31,603,320 Fund balances at beginning of period 64,379,930 8,997,907 3,290,693 2,189,561 5,035,481 83,893,572 FUND BALANCES AT END OF PERIOD $68,160,379 $9,302,757 $2,190,577 $29,749,257 $6,093,922 $115,496,892 See accompanying notes to financial statements
24 CITY OF SAN PABLO
Reconciliation of the

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS
with the

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2022
Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the Statement of Activities, which is prepared on the full accrual basis.

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS $31,603,320 Amounts reported for governmental activities in the Statement of Activities are different because of the following:

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

Capital outlay and improvement expenditures are added back to fund balance 9,287,745 Transfer of capital assets from EDC are added back to fund balance 5,329,000 Depreciation expense is deducted from fund balance (4,405,401) Retirements are deducted from the fund balance (3,076,352)

LONG-TERM DEBT PROCEEDS AND PAYMENTS
Debt and lease proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position.

Repayment of debt and lease principal is an expenditure in the governmental funds, but in the Statement of Net Position the repayment reduces long-term liabilities Debt proceeds are deducted from fund balance (34,043,108) Repayment of debt, lease principal, and bond premium amortization is added back to fund balance 10,824,640

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

Compensated absences 146,236
Claims payable
Unavailable revenue - loans and notes receivable (496,755) Net pension liability and deferred outflows/inflows of resources related to pensions (3,518,685) Net OPEB liability and deferred outflows/inflows of resources related to OPEB (230,634) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES $11,420,006 See accompanying notes to financial statements
25 CITY OF SAN PABLO

GENERAL FUND

STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2022
Variance with
Budgeted Amounts Final Budge t
Positive
Original Final Actual (Negative)

REVENUES
Property taxes $1,071,103 $1,610,820 $1,580,496 ($30,324) Sales taxes 4,670,696 3,610,019 3,861,082 251,063
Utility users tax 2,645,000 2,636,725 2,864,920 228,195 Casino contract revenues 30,500,000 26,596,265 29,564,500 2,968,235 Other taxes 1,780,000 3,721,123 3,779,125 58,002
Fines and forfeits 397,250 235,322 288,531 53,209
Intergovernmental:

Motor vehicle in lie
u 3,254,890 3,026,173 3,126,924 100,751
Other 2,435,215 799,754 4,743,107 3,943,353
Charges for services 588,474 836,138 858,618 22,480
Use of money and property 1,174,600 1,112,797 762,418 (350,379) Miscellaneous 1,069,232 149,962 4,728,860 4,578,898
Total Revenues 49,586,460 44,335,098 56,158,581 11,823,483

EXPENDITURES
Current:

General Government 13,228,284 15,841,006 13,198,399 2,642,607 Community:

Recreation 3,779,510 3,895,079 2,334,965 1,560,114
Public Works & Engineering 650,990 660,565 671,267 (10,702) Police 21,530,787 21,921,342 20,303,996 1,617,346
Capital outla
y 137,700 1,248,757 449,666 799,091
Debt Service:

Principal 79,080 79,080 165,013 (85,933)
Interest and fiscal charges 6,784 6,784 417,842 (411,058) Total Expenditures 39,413,135 43,652,613 37,541,148 6,111,465

EXCESS OF REVENUES
OVER EXPENDITURES 10,173,325 682,485 18,617,433 17,934,948

OTHER FINANCING SOURCES (USES)
Special Item - transfer of assets and rescindment
of debt between City and EDC (Note 5J) (5,329,000) (5,329,000) Transfers in 542,000 375,139 3,678,113 3,302,974
Transfers (out) (4,925,301) (4,755,301) (13,186,097) (8,430,796) Total Other Financing Sources (Uses) (4,383,301) (4,380,162) (14,836,984) (10,456,822) NET CHANGE IN FUND BALANCE $5,790,024 ($3,697,677) 3,780,449 $7,478,126 Fund balance at beginning of yea
r 64,379,930
FUND BALANCE AT END OF YEAR $68,160,379
See accompanying notes to financial statements
26 FIDUCIARY FUNDS

FIDUCIARY FUNDS
These funds are used to account for asse ts held by the City as an agent for individuals, private organizations, and

other governments. The financial activities of these fund s are excluded from the City-wide financial statements, but are presented in separate Fiduciary Fund financial statements.

RETIREE HEALTH SAVINGS PLAN TRUST FUND
The Fund is used to account for the medical and dental benefits for former employees of the City.

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
The Fund is used to account for the activities of the Su ccessor Agency to the former Redevelopment Agency of the City of San Pablo.

CUSTODIAL FUNDS
Custodial Funds accounts for assets he ld by the City as an agen t for individuals, governmental entities and non- public organizations.
27 CITY OF SAN PABLO

FIDUCIARY FUNDS

STATEMENTS OF FIDUCIARY NET POSITION
JUNE 30, 2022
Successor Agency
Retiree Health to the
Savings Plan Redevelo pment Agency Custodial
Trust Fund Private-Pur pose Trust Funds
ASSETS
Cash and investments (Note 3) $99,859
Restricted cash and investments (Note 3):

Pooled with City cash and investments 818,037 $12,024,591 Mutual fund $11,559,964
Accounts receivable 150,881
Prepaids 17,410
Loans receivable (Note 13B) 1,939,701
Property held for resale (Note 13C) 4,626,150
Capital assets (Note 13D):

Land and land improvements 2,819,393
Depreciable capital assets, net 893,366
Total assets 11,559,964 11,196,506 12,192,882

DEFERRED OUTFLOW OF RESOURCES
Deferred amount on refunding of debt (Note 13E) 2,454,719

LIABILITIES
Accounts payable 172,543 50,811
Unearned revenue 72,527
Deposits payable 11,153
Long-term obligations (Note 13E):

Due in one year 4,675,000
Due in more than one year 34,731,502
Total liabilities 39,579,045 134,491
NET POSITION (DEFICIT):

Held in Trust and Restricted for OPEB 11,559,964
Restricted for other governments (25,927,820) 11,243,644 Held for other organizations 814,747
Total net position $11,559,964 ($25,927,820) $12,058,391 See accompanying notes to financial statements
28 CITY OF SAN PABLO

STATEMENTS OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2022
Successor Agency
Retiree Health to the
Savings Plan Redevelo pment Agency Custodial
Trust Fund Private-Pur pose Trust Funds

ADDITIONS
Property taxes $8,152,914
Employer contributions $579,886
Bingo revenues $142,176
Member contributions 531,744
Grants and contributions 1,679,469
Charges for services 1,149,596
Net investment income (1,627,313) 73,040 (9,138)
Other 2,402,656
Total additions (1,047,427) 10,628,610 3,493,847

DEDUCTIONS
Premiums paid 579,886
Community development 5,041,450
Personnel-related 2,445,165
Professional services 216,946
Program-related 578,557
Depreciation (Note 13D) 65,752
Debt service:

Interest and fiscal charges 1,760,645
Total deductions 579,886 6,867,847 3,240,668
Change in net position (1,627,313) 3,760,763 253,179
NET POSITION:

Beginning of year 13,187,277 (29,688,583) 11,805,212
End of year $11,559,964 ($25,927,820) $12,058,391
See accompanying notes to financial statements
29 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES
A. Reporting
Entity
The City of San Pablo (City) was incorporated as a general law city on April 27, 1948. San Pablo is a community of approximately 29,465 residents situated in Contra Costa County on the east side of San Francisco Bay. San Pablo is located approximately 17 miles east of the City of San Francisco and 12 miles north of the City of Oakland and is surrounded by the City of Richmond. The City operates under the Council-Manager form of government and provides the following services: public safety, highways and streets, recreation, public improvements, planning and zoning and general administration services.

The City is governed by a five member council elected by City residents. The City is legally separate and fiscally independent which means it can issue debt, set and modify budgets and fees and sue or be sued.

The accompanying basic financial statements include the financial activities of the City as well as separate legal entities which are described below.

The accompanying basic financial statements present the financial activity of the City, which is the primary government presented, along with the financ ial activities of its component units, which are entities for which the City is fina
ncially accountable. Although they are separate legal entities, blended component units are in substance part of the City’s operations and are reported as an integral part of the City’s financial statements. Each discretely presented component unit, on the other hand, is reported in a separate column in the basic financial statements to emphasize it is legally separate from the government.

PRIMARY GOVERNMENT
The financial statements of the primary government of the City of San Pablo include the activities of the City as well as the City of San Pablo Joint Po wers Financing Authority, which is controlled by and dependent on the City. While it is a separate legal entity, its financial activities are integral to those of the City. The financial activities have been aggreg ated and merged (termed “blended”) with those of the primary government of the City in the accompanying financial statements.

Blended Component Units
The City of San Pablo Joint Powers
Financing Authority (Authority) is a separate governmental entity whose purpose is to assist in the financing and refinancing of certain redevelopment activities of the former Redevelopment Agency and certain programs and projects of the City. The Authority is administered by a Governing Board whose members are the City Council of the City of San Pablo. The Authority does not issue separate financial statements.

The City of San Pablo Retiree Health Savings Plan is governed by the City’s Resolution 2007-024 and is used to account for contributions and investment income restricted to pay medical and dental benefits.

Benefit and contribution provisions are established by the City Council. Eligib ility, actuarial interest rates, administration and certain other tasks are th e responsibility of the Council established by the above Resolution. The financial activ ities of the Plan have been incl uded in these financial statements in the Retiree Health Savings Plan Trust Fund. The Plan does not issue separate financial statements. 31 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

DISCRETELY PRESENTED COMPONENT UNIT
The San Pablo Economic Development Corporation (EDC) is a California nonprofit public benefit Corporation formed in February 2011 by the City and the former Redevelopm ent Agency under the laws of the State of California. The Corporation was organized for the purpose of providing physical, economic and educational development, redevelopment, and revitalization efforts within the City. The Corporation entered into a Service Agreement with the City under which the Corporation will perform requested services on an independent contractor basi s to eliminate blight, provide affordable housing, improve the public realm, facilitate public and priv ate developments, stimulate economic developme nt,
and create jobs. The Corporation was controlled by the City and had the same governing body as the City, which also performs all accounting and admini strative functions for the Corporation. The Corporation was governed by a board of directors consisting of the members of the City Council.

In May 2012 the City Council, serving in its capa city as the governing board of the Corporation, adopted a resolution approving modifications to th e governing board. Effective May 16, 2012, the governing board of the Corporation consists of two Councilmembers and three members of the community, however, for the period May 16, 2012 through September 1, 2012, the Corporation’s operations remained financially integrated with thos e of the City and City staff continued to provide accounting, administrative and managerial services for the Corporation. As a result of this financial integration, the Corporation continued to be repo rted as a component unit of the City through September 1, 2012, and the financial activities of th e Corporation were previously reported in the Economic Development Special Revenue Fund through that date.

Effective September 1, 2012, the City transferred assets and liabilities of the Corporation to the Corporation’s own administrative staff, and all accounting and managerial functions of the Corporation are now performed by its own staff. The City continues to provide the primary funding for the activities of the Corporation, therefore, the financial activitie s of the Corporation are di scretely presented in the Economic Development Corporation Component Unit column of the Statement of Net Position and the Statement of Activities. Separate financial st atements for the Corporation may be obtained by contacting the San Pablo Economic Development Co rporation, 1000 Gateway Avenue, San Pablo, CA 94806.

B. Basis
of Presentation
The City’s Basic Financial Statements are prepared in conformity with accounting principles generall y accepted in the United States of America. Th e Government Accounting Standards Board is the acknowledged standard setting body for establishi ng accounting and financial reporting standards followed by governmental entities in the United States.

These Standards require that the financial statements described below be presented.

Government-wide Statements: The Statement of Net Position and th e Statement of Activities display information about the primary government (the City) and its blended and discretely presented component units. These statements include the financial activities of the overall City government, except for fiduciary activities. Eliminations have been made to mi nimize the double counting of internal activities.

Governmental activities generally are financed th rough taxes, intergovernmental revenues, and other nonexchange transactions.
32 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

The Statement of Activities presents a comparison between direct expenses and program revenues for each function of the City’s governmental activities. Direct expenses are those that are specifically associated with a program or functi on and, therefore, are clearly identifiable to a particular function.

Program revenues include (a) charges paid by the recipients of goods or services offered by the programs, (b) grants and contributions that ar e restricted to meeting the operati onal needs of a particular program and (c) capital grants and contributions, all of whic h are capital grants under Ca lifornia law. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues.

Fund Financial Statements: The fund financial statements provide information about the City's funds, including fiduciary funds and blended component units. Separate statements for each fund category— governmental and fiduciary—are presented. The emphasis of f und financial statements is on major individual governmental funds, each of which is di splayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds.

C. Major Funds

Major funds are defined as governmental funds whic h have either assets and deferred outflows of resources, liabilities and deferred inflows of resources, revenues or expenditures equal to ten percent of their fund-type total and five percent of the grand total. The General Fund is always a major fund. The City may select other governmental funds it believes should be presented as major funds.

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

General Fund
– This is the City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Low and Moderate Income Housing Assets – This fund accounts for the activities related to the housing assets assumed by the City as Housing Successor to the former Redevelopment Agency. The activities are governed by California redevelopment law and all revenues from the collection of loan repayments must be used to provide housing for people with low and moderate incomes.

Public Works Construction
– This fund accounts for major City capital improvement projects.

2015 JPFA Lease Revenue Bonds – This fund accounts for capital improvement projects funded by the proceeds of the 2015 Lease Revenue Bonds.

2022 JPFA Lease Revenue Bonds – This fund accounts for capital improvement projects funded by the proceeds of the 2022 Lease Revenue Bonds.

The City also reports the following fiduciary fund types:

Trust Funds. These funds account for assets held by the City as an ag ent for various functions. The Retiree Health Savings Plan Trust Fund accounts for the accumulation of resources to be used for retiree medical and dental benefit payments at appropriat e amounts and times in the future. The Successor Agency to the Redevelopment Agency Private-Pur pose Trust Fund accounts fo r the accumulation of resources to be used for payments at appropriate amounts and times in the future. The financial activities of the funds are excluded from the Government-wid e financial statements, but are presented in the separate Fiduciary Fund financial statements.
33 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)
Custodial Funds. These funds report resources, not in a Trust, that are held by the City for other parties outside of the City’s reporting entity, which include West Contra Costa Transportation Advisory Committee, West Contra Costa Integrated Wa
ste Management Authority, and community
organizations.

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

Governmental funds are reported using the
current financial resources measurement focus and
governmental and agency funds are reported using modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available . The City considers all revenues reported in the governmental funds to be available if the revenues are collected within forty-five days after year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt and compensated absences, which are recognized as expenditures when they are paid. Genera l capital asset acquisitions are reported as expenditures in governmental funds. Proceeds from general long-t erm debt and capital leases are reported as other financing sources.

Those revenues susceptible to accrual include taxes, intergovernmental revenues, interest and charges for services.

Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the terms of grant agreements, th e City may fund certain programs with a combination of cost -
reimbursement grants, categorical block grants, an d general revenues. Thus, both restricted and unrestricted net position may be available to finance program expenditures. The City’s policy is to first apply restricted grant resources to such programs, followed by general revenues if necessary.

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

Non-exchange transactions, in wh ich the City gives or receives va lue without directly receiving or giving equal value in exchange, include property taxes, grants, entitlements, and donations.

Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied.

E. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of net positi on and balance sheet sometimes reports a separate section for deferred outflows of resources. This sepa rate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a fu ture period(s) and so will not be recognized as an outflow of resources (expense/ expe nditure) until then. The City only has one item that qualifies for reporting in this category related to pensions and OPEB as discussed in Note 9 and 10. 34 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

In addition to liabilities, the statement of net position and governmental funds balance sheet report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that ti me. The City has one item that qualifies for reporting in this category, unavailable revenue, which arises only under a modified accrual basis of accounting. Accordingly, unavailable re venue is reported only in the governmental funds balance sheet. The governmental funds report unava ilable revenues related to amounts due from other governments, and loans and notes receivable. The City also has deferred inflows of resources related to pensions and OPEB on the statement of net position as discussed in Note 9 and 10. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

F. Property Tax

Property tax revenue is recognized in the fiscal year for which the ta x and assessment is levied. The County of Contra Costa levies, bills and collects property taxes and special assessments for the City; under the County’s “Teeter Plan” the County remits the entire amount levied and handles all delinquencies, retaining interest and penalties. Secured and unsecured property taxes are levied on January 1.

Secured property tax is due in two installments, on November 1 and February 1, becomes a lien on those dates and becomes delinquent on December 10 and April 10, respectively. Unsecured property tax is due on July 1, and becomes delinquent on August 31.

The term “unsecured” refers to taxes on personal pr operty other than real es tate, land and buildings.

These taxes are secured by liens on the property being taxed. Property tax revenues are recognized by the City in the fiscal year they are assessed.

G. Compensated Absences

Compensated absences comprise unpaid vacation and certain compensated time off, which are accrued as earned. For all governmental fund s, amounts expected to be paid out for permanent liquidation are recorded as fund liabilities, the long-term portion is recorded in the statement of net position. The liability for compensated absences is determined annually; the net increase in the liability was $146,236 at June 30, 2022 and was allocated to the General Government, Community Development, Public Works, Engineering, Police and Community Recreation departments on the statement of activities. Sick pay does not vest and therefore is not accrued. The change in compensated absences was as follows:

Beginning Balance $2,265,930
Additions 1,956,603
Payments (2,102,839)
Ending Balance $2,119,694
Due in One Year $1,663,094

The long-term portion of government al activities compensated absences is liquidated primarily by the General Fund.

35 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

H. Prepaids and Deposits

Certain payments to vendors reflect costs applicable to future fiscal years and are recorded as prepaid items in both government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed, rather than when purchased. At Ju ne 30, 2022, the General Fund and the Economic Development Corpora tion had prepaid items of $11,141 and $4,340, respectively.

Prepaid items and deposits in go vernmental funds are equally offs et by nonspendable fund balance which indicates that they do not constitute availa ble spendable resources even though they are a component of net current assets.

I. Property Held for Resale

Land parcels held for resale are a ccounted for at the lower of cost or net realizable value or agreed upon sales price if a disposition agreement has been made with a developer.

J. Estimates and Assumptions

The preparation of financial statements in conformi ty with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabiliti es at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

K. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at th e measurement date. The City categorizes its fair value measurements within the fair value hierar chy established by generally accepted accounting principles. The fair value hierarchy categorizes the inputs to valuation techniques used to measure fair value into three levels based on the extent to which inputs used in measuring fair value are observable in the market shown below:

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

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

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

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

36 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

L. Leases

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

Lessee – The City is a lessee for noncancellable leases of a building. The City recognizes a lease liability and an intangible right ‐to‐use lease asset (lease asset) in the government ‐wide financial statements. The City recognizes lease liabilities with an initial individual value of $25,000 or more.

At the commencement of a lease, the City initially measures the lease lia bility at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for leas e payments made at or before th e lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight ‐line basis over the lesser of its useful life or the life of the lease agreement.

Key estimates and judgments rela ted to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments as follows:

 The City uses the interest rate charged by the le ssor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases.

 The lease term includes the noncancellable period of the lease.

 Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise, if applicable.

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

Lease assets are reported with other capital assets and lease liabilities are reported with long-term lease liabilities on the statement of net position.

37 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (Continued)

M. Implementation of Governmental Accounting Standards Board (GASB) Pronouncement

GASB Statement No. 87 – In June 2017, GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. This Statement requires recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources base d on the payment provisions of the contract. It establishes a single model for lease accounting base d on the foundational principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-t o-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leas ing activities. The provis ions of this Statement were implemented during fiscal year 2022. As part of the implementation of this Statement, the City has accounted for one lessee transaction, which requ ired the restatement of beginning net position of the governmental activities capital assets and lease li abilities in the amount of $13,741,104, and the net effect on beginning net position is zero. See the leases disclosures in Note 6 and Note 15.

N. New Fund

During fiscal year 2022, the City established a Debt Service Fund and 2022 JPFA Lease Revenue Bonds, to account for the capital improvement projects funded by the proceeds of the 2022 JPFA Lease Revenue Bonds.

NOTE 2 – BUDGETS AND BUDGETARY ACCOUNTING

A. Budget Policy

The City follows these procedures in establishing the budgetary data reflected in the financial statements:

1. The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them.

2. Public hearings are conducted to obtain citizen’s comments.

3. The budget is legally enacted by City Council resolution.

4. All budget adjustments and transfers between funds and between departments must be approved by the City Council by resolution during the fiscal year. The City Manager and Budget Officer are authorized to transfer any unencumbered ap propriations within a department. The legally adopted budget requires that expe nditures not exceed total appr opriations at the department level within each fund.

5. Formal budgetary integration is employed as a ma nagement control device during the year for all budgeted funds.

38 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 2 – BUDGETS AND BUDGETARY ACCOUNTING (Continued)

6. Budgets are adopted on a basis consistent w ith generally accepted accounting principles (GAAP) for all funds except the Low and Moderate Income Housing Assets, Traffic Congestion Relief, HCD Grant and Measure K Special Reve nue Funds. In addition, the Public Works Construction, 2015 Lease Revenue Bonds Capita l Projects Funds, 2022 JPFA Lease Revenue Bonds Debt Service Fund and the 2018 JPFA Le ase Revenue Bonds Debt Service Fund are budgeted on a project length basis and therefore are not comparable on an annual basis.

B. Excess of Expenditure s over Appropriations

As of June 30, 2022, the following funds had depa rtment expenditures that were in excess of appropriations:

Fund Department Amount
General Fund Public Works & Engineering $10,702
N.P.D.E.S. Special Revenue Public Works & Engineering 52,151 Street Lighting and Landscaping Special Revenue General Government 6,613 Total $69,466
The funds had sufficient revenues to finance these expenditures, except for the N.P.D.E.S. Special Revenue Fund. The City plans to cure the deficit in these funds with future revenues.

NOTE 3 – CASH AND INVESTMENTS

The City pools cash from all sources and all funds except Cash and Investments held by Trustees so that it can be invested at the maximum yield consistent wi th safety and liquidity, while individual funds can make expenditures at any time.

A. Policies

California Law requires banks and savings and loan in stitutions to pledge government securities with a market value of 110% of the City’s cash on deposit, or first trust deed mortgage notes with a market value of 150% of the deposit, as collateral for these deposits. Under California Law this collateral is held in a separate investment pool by another institution in the City’s name and places the City ahead of general creditors of the institution.

The City and its fiscal agents invest in individua l investments and in inve stment pools. Individual investments are evidenced by specific identifiable securities instruments, or by an electronic entry registering the owner in the records of the institution issuing the security, called the book entry system.

The City’s investments are carried at fair value, as required by generally accepted accounting principles.

The City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it includes the effects of these adjustments in income for that fiscal year.

39 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 3 – CASH AND INVESTMENTS (Continued)
B. Classification
Cash and investments are classified in the financial statements as shown below, based on whether or not their use is restricted under the terms of debt instruments or agency agreements.

Primary Government Cash and Investments
Cash and investments available for operations $77,035,761 Restricted cash and investments 31,939,917
Component Unit Cash and Investments
Cash available for operations 2,404,944
Fiduciary Funds Cash and Investments
Cash and investments available for operations
in Fiduciary Funds (separate statement):

Successor Agency to the Redevelopment
Agency Private Purpose Trust 99,859
Restricted cash and investments
in Fiduciary Funds (separate statement):

Retiree Health Savings Plan Trust 11,559,964
Successor Agency to the Redevelopment
Agency Private Purpose Trust 818,037
Custodial Funds 12,024,591
Total cash and investments $135,883,073
40 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 3 – CASH AND INVESTMENTS (Continued)
C.

Investments Authorized by the California Government Code and the City’s Investment Policy The City’s Investment Policy and the California Government Code al low the City to invest in the following, provided the credit ratings of the issuers are acceptable to the City; and approved percentages and maturities are not exc
eeded. The table below also identifies certain provisions of the California Government Code, or the City’s Investment Policy where the City’s Investment Policy is more restrictive.

Authorized Investment Type
Maximum
Maturity
Minimum
Credit
Quality
Maximum
Percentage
of Portfolio
Maximum
Investment
In One Issuer
U.S. Treasury Bills, Notes or Bonds 5 years N/A No L
imit No Limit
Federal Instrumentality (government
sponsored enterprise) 5 years N/A No Limit No Limit
Federal Agency Mortgage-Backed
Securities and Debentures 5 years N/A 20% No Limit
Supranational Securities
5 years
AA or
equivalent 30% 5%
Medium Term Notes
5 years
A or
equivalent 30% 5%
Negotiable Certificates of Deposit
5 years
FDIC
Insured 30% 5%
Non-Negotiable Certificates of Deposit
5 years
FDIC
Insured 30% 5%
Commercial Paper
270 Days
A-1/A or
equivalent
25%
5%
Banker’s Acceptances
180 days
A-1/P-1 or
equivalent
30%
5%
Repurchase Agreements 30 days N/A No Limit No Limit
California Local Agency
Investment Fund N/A N/A No Li mit $75 million
Money Market Funds N/A AAAm 20% 10%
41 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – CASH AND INVESTMENTS (Continued)

D. Investments Authorized by Debt Agreements

The Successor Agency to the Redevelopment Agency must maintain required amounts of cash and investments with trustees or fiscal agents under th e terms of certain debt issues. These funds are unexpended bond proceeds or are pledged as reserves to be used if the Successor Agency fails to meet its obligations under these debt issues. The California Government Code requires these funds to be invested in accordance with City ordinance, bond indentures or State statute. The table below identifies the investment types that are authorized for investments held by fiscal agents. There is no limitation on the maximum percentage of the portfolio that may be i nvested in any one investment type or in any one issuer. The table also identifies certain provisions of these debt agreements:

Authorized Investment Type

Maximum
Maturity
Minimum
Credit
Quality

U.S. Treasury Obligations 5 years N/A
U.S. Agency Securities (A) 5 years N/A
State Obligations 5 years A
Commercial Paper 270 days A-1
Certificates of Deposit 365 days A-1
Bankers Acceptances 365 days A-1
Bank Deposits 5 years N/A
Money Market Mutual Funds N/A AAAm
Repurchase Agreements 180 days (B) A
Investment Agreements and Guaranteed
Investment Contracts

N/A

N/A

Cash Sweep 5 years N/A
California Asset Management Program N/A N/A
California Local Agency Investment Fund N/A N/A

(A) For the 2015 Lease Revenue Bonds, investments are restricted to the Federal Home Loan Bank System, Government National Mortgage Associa tion, Farmer’s Home Administration, Federal Home Loan Mortgage Corporation or Federal Hous ing Administration; provided that with respect to the funds and accounts established under the Indenture, such obligations shall at no time exceed an amount equal to ten percent (10%) of the aggregate principal amount of the Bonds Outstanding.

(B) For the 2015 Lease Revenue Bonds, limited to 30 days.

E. Investments Authorized for Economic Development Corporation

Economic Development Corporation investments conform with the California Government Code.

42 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – CASH AND INVESTMENTS (Continued)

F. Investments Authorized for the Retiree Health Savings Plan Trust

The authorized investments for the Retiree Health Sa vings Plan Trust were established pursuant to the Declaration of Trust. The City, as trustee, has el ected to invest the Trust assets in a mutual fund, however the Trust is authorized to invest in time deposits, shares of co mmon and preferred stock, mortgages, bonds, leases, notes, debe ntures, equipment or collateral tr ust certificates, rights, warrants, convertible or exchangeable securities and other co rporate, individual or government securities or obligations, annuity, retirement or other insurance contracts, mutual funds, or in units of any other common, collective or commingled trust fund.

G. Interest Rate Risk

Interest rate risk is the risk that potential future changes in market interest rates will adversely affect the fair value of an investment. No rmally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates.

Information about the sensitivity of the fair values of the investment s (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the investments by maturity or earliest call date:

12 months 13 to 24 25 to 36 Fair Value
Investment Type or less months months Total
U.S. Government Agencies $8,163,482 $4,891,239 $2,113,964 $15,168,685 U.S. Treasury Notes 1,649,203 2,369,129 4,018,332 Medium Term Notes 2,095,097 4,275,470 1,057,474 7,428,041 Local Agency Investment Fund 52,770,807 52,770,807
Held by Trustee:

Money Market Funds 34,504,759 34,504,759
Vantage Point MP Long Term Growth Mutual Fund (Equities) 11,559,964 11,559,964 Total Investments $110,743,312 $11,535,838 $3,171,438 125,450,588 Cash on hand and in banks - City of San Pablo 8,027,541 Cash in banks - Economic Development Corporation 2,404,944 Total Cash and Investments $135,883,073

The City is a participant in the Lo cal Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the authority of the Treasurer of the State of California and is not registered with the Securities and Exchange Commission as an investment company. The City reports its investment in LAIF at the fair value amount provided by LAIF, wh ich is the same as the value of the pool share. The balance is availabl e for withdrawal on demand, and is based on the accounting records maintained by LAIF, which are record ed on an amortized cost basis. Included in LAIF’s investment portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset-backed securities, loans to certain state fund s, and floating rate securities issued by federal agencies, government-sponsored enterprises, United States Treasury Notes and Bills, and corporations.

At June 30, 2022, the average maturity was 311 days.
43 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – CASH AND INVESTMENTS (Continued)

H. Credit Risk

Credit risk is the risk that an issuer of an invest ment will not fulfill its obligation to the holder of the investment. This is measured by th e assignment of a rating by a nation ally recognized statistical rating organization. The actual ratings for the City’s investments as of June 30, 2022 are as follows:

Fair Value
Investment Type AAA m AA+/AA-/AA A+/A/A- BBB+ Total
U.S. Government Agencies $15,168,685 $15,168,685
Medium Term Notes 1,093,268 $5,835,926 $498,847 7,428,041 Held by Trustees:

Money Market Funds $34,504,759 34,504,759
Totals $34,504,759 $16,261,953 $5,835,926 $498,847 57,101,485 Not rated:

Local Agency Investment Fund 52,770,807
Retiree Health Savings Plan Trust:

Vantage Point MP Long Term Growth Mutual Fund (Equities) 11,559,964 Exempt from credit rating disclosure:

U.S. Treasury Notes 4,018,332
Cash on Hand and in Banks - City of San Pablo 8,027,541 Cash on Hand and in Banks - Economic Development Corporation 2,404,944 Total Cash and Investments $135,883,073

I. Fair Value Hierarchy

The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principl es. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs ar e quoted prices in an active market for identical assets; Level 2 inputs are significant other obser vable inputs; and Level 3 inputs are significant unobservable inputs.

44 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – CASH AND INVESTMENTS (Continued)

The following is a summary of the fair value hierarchy of the fair value of investments of the City as of June 30, 2022:

Fair Value
Level 2 Total
Investments by Fair Value:

U.S. Treasury Notes $4,018,332 $4,018,332
U.S. Government Agencies 15,168,685 15,168,685 Medium Term Notes 7,428,041 7,428,041
Total Investments at Fair Value $26,615,058 26,615,058
Investments Measured at Amortized Cost:

Held by Trustee:

Money Market Funds 34,504,759
Vantage Point MP Long Term Growth Mutual Fund (Equities) 11,559,964 Investments Exempt from Fair Value Hierarchy:

Local Agency Investment Fund 52,770,807
Total Investments 125,450,588
Cash with Banks and Petty Cash - City of San Pablo 8,027,541 Cash with Banks - Economic Development Corporation 2,404,944 Total Cash and Investments $135,883,073
Investment Type

U.S. Treasury Notes, Federal Agency Securities and Me dium Term Notes, classi fied in Level 2 of the fair value hierarchy, are valued using matrix pricing techniques maintained by various pricing vendors.

Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. The California Local Agency Investment Fund , reported at amortized cost, and it is not subject to the fair value reporting requirements. Fair value is defined as the quoted fair market value on the last trading day of the period. These prices are obtain ed from various pricing sources by our custodian bank.

J. Concentration of Credit Risk

As of June 30, 2022, the City did not hold any inve stments in any one issuer, other than U.S. Treasury securities, money market mutual funds, and th e California Local Agency Investment Fund that represent 5% or more of total City-wide investments.

45 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 4 – INTERFUND TRANSACTIONS

A. Current Interfund Balances

Current interfund balances arise in the normal course of business and ar e expected to be repaid shortly after the fiscal year. At June 30, 2022, current interfund balances are as follows:

Due From Fund: Due to Fund: Amount
Major Fund: Major Fund:

General Fund Public Works Construction $5,825,129
Non-Major Special Revenue Funds:

N.P.D.E.S. 131,049
Measure K 263,205
Total $6,219,383

B. Transfers Between Funds

With Council approval, resources ma y be transferred from one City fu nd to another. Transfers In/Out for the year ended June 30, 2022 were as follows:

Transfer
Fund Receiving Transfers Fund Making Transfers Amount
Major Funds:

General Fund Low and Moderate Income Housin g Assets Special Revenue $100,000 (A) Public Works Construction Capital Projects Fund 3,290,694 (B) Public Safety Special Revenue Fund 287,161 (B), (C)
Street Lighting and Landscaping Special Revenue Fund 258 (D) Public Works Construction Capital Projects Fund General Fund 432,194 (E) Gas Tax Special Revenue Fund 567,806 (E)
Measure C / J Special Revenue Fund 20,000 (E) Street Lighting and Landscaping Special Revenue Fund 32,500 (E) 2015 Lease Revenue Bonds Capital Projects Fund General Fund 8,537,417 (F) 2022 JPFA Lease Revenue Bonds Debt Service Fund 3,290,659 (F) Non-Major Funds:

Gas Tax Special Revenue Fund General Fund 1,111,333 (E) Measure K Special Revenue Fund General Fund 585,217 (G) Development Services Special Revenue Fund General Fund 836,720 (G) Street Lighting and Landscaping Special Revenue Fund General Fund 518,920 (G) N.P.D.E.S. Special Revenue Fund General Fund 250,012 (G) Paratransit Special Revenue Fund General Fund 106,071 (G) 2018 JPFA Lease Revenue Bonds Debt Service Fund General Fund 808,213 (F) $20,775,175
The reasons for these transfers are set forth below:
(A) Community Housing Grant due to COVID-19.
(B) Transfer revenue.
(C) Law enforcement grant program.
(D) Transfer to remove unused cash balance.
(E) Transfer amounts required to fund capital projects. (F) Transfer to cover debt service and fees requirement. (G) Transfer to cover revenue shortage (negative cash).

46 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 5 – LOANS AND NOTES RECEIVABLE
The City and former Redevelopment Agency engage in programs designed to encourage construction or improvement in low-to-moderate income housing or other projects. Under these programs, grants or loans are provided under favorable terms to homeowners or developers who agree to spend these funds in accordance with the City’s or Agency’s terms. Although these lo ans and notes are expected to be repaid in full, their balance has be en offset by unavailable revenue in governmental funds, as they are not expected to be repaid during the next fiscal year.

A. Employee
Loans Receivable
Elected officials and full-time City employees are eligible to obtain an interest free loan up to $3,000 to purchase a computer. All requests for loans are subject to review and approval by the Finance Director. Repayment of these loans is handled through payroll deductions, which are spread out equally for up to two years. Employees must pa y off any outstanding bala nce of their loans upon ending employment with the City. As of June 30, 2022, 2 employees had $1,684 in such loans.

B. Ruby Hills Properties Loans Receivable
During fiscal year 2020-2021 the City loaned $300,000 to Ruby Hill s Properties for the purchase of property. The loan bears no interest . The loan shall have a term of twenty years and shall be entirel y forgiven at maturity, as long as the property continues to operate medical offices and an urgent car e facility serving the City of San Pablo community. The outstanding balance as of June 30, 2022 was $300,000.

C. Notes Receivable under Redevelopment Agency Programs The Agency engaged in programs designed to enco urage construction of or improvement to low-to- moderate income housing. Under these programs, gr ants or loans are provided under favorable terms to homeowners or developers who agree to expend these funds in acco rdance with the Agency’s terms.

With the dissolution of the Redevelopment Agency as discussed in Note 13, the City agreed to become the successor to the Redevelopment Agency’s housing activities and as a result the Low and Moderate Income Housing Asset Fund assumed the loans re ceivable of the Redevelopment Agency’s Low and Moderate Income Housing Fund as of February 1, 20 12. The balances of the notes receivable in the Low and Moderate Income Housing Assets Fund at June 30, 2022 are as follows:

Casa Adobe-Senior Citizen Units $1,053,959
Housing Initiative Program 8,473,958
San Pablo Housing Investors/Montevista San Pablo AR 1,469,600 East Bay Asian Local Development Corporation 1,549,164
Lao Family Community Development 860,702
Subtotal 13,407,383
Less: Allowance for conditional grant (860,702)
Total $12,546,681
47 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 5 – LOANS AND NOTES RECEIVABLE (Continued)
D.

Casa Adobe - Senior Citizen Units
Under the terms of a Disposition and Development Agreement dated June 5, 1989 between the former Redevelopment Agency and the Developer, Ecumenical Association for Housing (EAH)-San Pablo, the Agency loaned EAH-San Pablo the amount of $824,670 to purchase land and construct the Casa Adobe 55-unit housing complex for low income senior citizens.

During fiscal year 2009, the Agency restructured the original agency loan and provided a new loan in the principal amount of $1,232,951 to assist the Developer with financing the acquisition and rehabilitation of the Development. The Agency loan
consists of the principal and accrued interest on
the original Agency loan as of November 1, 2008. The restructured loan has a fifty-five year term with a zero percent interest rate. Commencing on May 1, 2010 and on each May 1st thereafter, payments are to be made from “residual receipts” as defined in th e agreement. The balance of the loan at June 30, 2022 was $1,053,959.

E. Housing
Initiative Program
The former Redevelopment Agency administer ed a Housing Initiative Program under whic h individuals may qualify for first-time home buyer, purch ase rehabilitation, second and third trust deed home improvement, dilapidated unit purchase, or fo reclosed unit purchase loans. At June 30, 2022, loans outstanding under this Program totaled $8,473,958.

In October 2007, the Agency re vised its first-time home-buyers loan program, which included increasing the maximum amount of assistance fro m $75,000 to $200,000 and requiring the homebuyer to enter a shared appreciation agreement as part of the promissory note. Under the shared appreciation, the homebuyer is required to pay the Agency a share of the net ap preciated value of the home in connection with a transfer of the home before the end of the program loan term (30 years). T he
percentage of the shared net appreciation is equal to the Agency’s share of the original purchase pric e of the home, less a 5% discount. The balance of these loans is included in the Housing Initiative Program Loans.

The Agency also administered a State-sponsored CalHome Loan Program under which individuals may qualify for first-time home buyer, purchase reha bilitation, second trust deed home improvement, or foreclosed unit purchase loans.

F. San Pablo Housing Investors
Under the terms of an Owner Participation Ag reement dated January 6, 2003, the former Redevelopment Agency made two loans to San Pa blo Housing Investors in fiscal 2004 for the construction of eighty-two low-income rental units for seniors. The first loan of $99,690 was used for City development fees, and the second loan of $1, 100,000 for construction. The loans carry simple interest rates per annum of 6% and 5.7%, respectively, with loan payments due within twenty years of the Completion Date. The project was completed on June 30, 2003. Payments began on January 31 st following the Completion Date, and then each January 31 st thereafter; payments are to be made from fifty percent of “residual receipts” as defined in the agreement. As of June 30, 2022, San Pablo Housing Investors owed principal of $1,450,000 and interest of $19,600 for a total of $1,469,600. 48 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 5 – LOANS AND NOTES RECEIVABLE (Continued)
G. East Bay Asian Local Development Corporation
Under the terms of an Owner Participation Ag reement dated September 28, 2004, the former Redevelopment Agency made a construction loan of $500,000 to East Bay Asian Local Development Corporation (EBALDC) for the development of 84 affordable rental dwelling units and two onsite non- rent restricted management units, with associated parking and common area spaces. The loan does not bear interest and must be repaid in full no la ter than 55 years from the da te of the agreement.

Commencing on May 1, 2008 and on each May 1 st thereafter, payments are to be made in an amount equal to seventy-five percent of “residual receipts” as defined in the agreement.

On August 16, 2005, an amendment to the Owner Participation Agre ement provided EBALDC with a supplemental project loan of up to $1,200,000. Proceeds will facilitate the original construction project.

Repayment terms of this additional loan are the same as the terms of the original loan. As of June 30, 2022, EBALDC has drawn down $1,199,513 of the supplemental project loan.

The balance of the loans as of June 30, 2022 was $1,549,164.

H. Lao Family Community Development
Under the terms of an Affordable Housing Subsi dy Agreement dated December 20, 1993, the former Redevelopment Agency made a loan of $82,500 to Lao Family Community Development, Inc. (Lao) for the development of a 32-unit apartment building with three of the units being affordable to moderate income persons. The lo an bears interest at the rate of 6.06%, compounded annually. The agreement was amended on January 22, 1996 to provide an addition al subsidy of $75,000 which bears interest at the rate of 6.83%, compounded annually and increased the affordable units to 15. Both loans are repayable from “residual receipts” as defined in the agreement, and loans are due immediately upon the sale, assignment or transfer of the property wi thout the consent of the Ag ency, or the expiration of the 30-year affordability covenant. However, unless the Agency directs otherwise, repayment of the loans is to be made to Contra Costa County under the terms of an Intercreditor Agreement; therefore, the City has accounted for this loan as a condi tional grant and provided a reserve against the outstanding balance of the loans. As of June 30 , 2022, the balance of the loans, including accrued interest, was $860,702.

I.

Rumrill Sports Park Leveraged Loan Forgiven
The City, in partnership with Bank of America, has entered into various agreements which provided for the construction by the Healthy Eating Active Li ving, LLC (HEAL) of the Rumrill Sports Park consisting of three sports fields, a practice field, ve nder kiosks, an office and storage building, a picnic area, a tot-lot and parking. The Economic Develo pment Corporation (EDC) is the only member of HEAL. Pursuant to NMTC Program requirements, se veral financial intermediaries controlled by the Bank have been established to finance this project which is estimated to cost $8.6 million. As required under the agreements with these entities, the City ma de a loan in the amount of $5,329,000 to the EDC and provided a capital grant of $1, 056,530 to the project, and an affiliate of Northern California Community Loan Fund (NCCLF) has loaned HEAL funds to pay for the remaining project costs. 49 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 5 – LOANS AND NOTES RECEIVABLE (Continued)

Concurrent with the above agreements, the City al so entered into a ground lease agreement, under which the City leases the property on which the pr oject was being constructed to HEAL for a term of 55-years, and a Management Agreement under which th e City agrees to manage the activities of the sports park through February 23, 2045.

Of the loan proceeds provided by the City and the Bank, HEAL reimbursed the City $2,652,508 during fiscal year 2016 for costs previo usly incurred for the above project and paid the City $1,600,000 to cover the rent for the property during the term of the ground lease.

The City’s loan bears simple interest of 0.5% and is payable in quarterly interest-only payments from March 15, 2015 through February 23 , 2022; thereafter principal and interest payments are due until March 15, 2045.

The City also agreed to grant funds to HEAL, as needed, for th e purpose of funding the operating expenses for the Sports Park in an amount not to exceed $4,123,559. The agre ement terminates on February 23, 2045. No funds were granted under this agreement during fiscal year 2022.

In accordance with NMTC regula tions, the compliance period for th e investment made by the New Markets Community Capital XI, LLC related to the Rumrill Sports Park ended on March 15, 2022. On that date, all parties terminated the NMTC transactions and began th e unwinding process. As a result, the EDC transferred the capital assets in the net am ount of $5,329,000 related to the Rumrill Sports Park to the City, and the City, in turn, forgave the remaining balanc e of the loan in the amount of $5,329,000, and the lease agreement was terminated. See Note 6 below.

NOTE 6 – CAPITAL ASSETS

All capital assets are valued at historical cost or estim ated historical cost if act ual historical cost is not available. Donated capital assets, donated works of ar t and similar items, and capital assets received in a service concession arrangement are reported at acquisition value. The City’s policy is to capitalize all assets with costs exceeding certain minimum thresholds and with useful lives exceeding two years.

All capital assets with limited useful lives are depreciated over their estimated useful lives. The purpose of depreciation is to spread the cost of capital assets equitably among all users over the life of these assets. The amount charged to depreciation expense each year represents that year’s pro rata share of the cost of capital assets.

Depreciation of all capital assets is charged as an expense against operations each year and the total amount of depreciation taken over the years, ca lled accumulated depreciation, is reported on the balance sheet as a reduction in the book value of capital assets.

50 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 6 – CAPITAL ASSETS (Continued)

Depreciation is provided using the straight line method, which means the cost of the asset is divided by its expected useful life in years and the result is charged to expense each year until the asset is fully depreciated. The City has assigned the useful lives and capitalization thresholds listed below to capital assets.

Useful
Lives

Capitalization
Years Threshold
Buildings and Improvements 10-50 $25,000
Machinery and Equipment 5-10 5,000
Vehicles 5-10 5,000
Parks and Trails 15-20 25,000
Sports Fields 15-20 25,000
Roads and Streets 20 25,000
Bridges 15-75 25,000
Trees 50 25,000
Streetlights 20 25,000
Storm Drains 20 25,000
Traffic Signals 20 25,000
Right-to-use leased building 10-50 25,000

The Economic Development Corporatio n has assigned the following useful lives to its capital assets:

Buildings, 39 years; furniture and equipment, 3-7 years; and Vehicles, 5 years.

Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period. 51 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 6 – CAPITAL ASSETS (Continued)

A. Governmental Capital Asset Additions and Retirements

Capital asset activity for the year ended June 30, 2022 is as follows:

Balance at
June 30, 2021 Balance at
(as restated) Additions Retirements Transfers June 30, 2022 Governmental activities
Capital assets not being depreciated:

Land and land improvements $6,777,408 ($2,884,659) $5,329,000 $9,221,749 Construction in progress 31,767,691 $8,964,148 (28,587,137) 12,144,702 Total capital assets not being depreciated 38,545,099 8,964,148 (2,884,659) (23,258,137) 21,366,451 Capital assets being depreciated:

Buildings and improvements 41,516,148 41,516,148
Machinery and equipment 4,605,800 14,276 (181,556) 22,919,123 27,357,643 Vehicles 4,020,285 309,321 (56,644) 4,272,962
Park and trail improvements 14,011,145 5,654,514 19,665,659 Sports fields 1,506,986 1,506,986
Roads & streets including sidewalks 94,479,664 13,500 94,493,164 Bridges 5,486,753 5,486,753
Street lights 361,078 361,078
Storm drains 2,228,380 2,228,380
Traffic signals 3,121,957 3,121,957
Trees 1,227,462 1,227,462
Intangible right-to-use leased building 13,741,104 13,741,104 Total capital assets being depreciated 186,306,762 323,597 (238,200) 28,587,137 214,979,296 Less accumulated depreciation for:

Buildings and improvements (9,502,644) (667,263) (10,169,907) Machinery and equipment (2,957,695) (165,739) 46,507 (3,076,927) Vehicles (2,852,516) (267,613) (3,120,129)
Park and trail improvements (7,693,502) (893,375) (8,586,877) Sports fields (1,478,299) (47,754) (1,526,053)
Roads & streets including sidewalks (51,992,136) (1,857,333) (53,849,469) Bridges (4,937,715) (78,555) (5,016,270)
Street lights (342,986) (3,092) (346,078)
Storm drains (1,758,873) (10,200) (1,769,073)
Traffic signals (2,294,535) (60,142) (2,354,677)
Trees (728,760) (24,549) (753,309)
Intangible right-to-use leased building (329,786) (329,786) Total accumulated depreciation (86,539,661) (4,405,401) 46,507 (90,898,555) Net capital assets being depreciated 99,767,101 (4,081,804) (191,693) 28,587,137 124,080,741 Governmental activity capital assets, net $138,312,200 $4,882,344 ($3,076,352) $ 5,329,000 $145,447,192

As discussed in Note 5J, the EDC transferred capital asse ts to the City in return for loan forgiveness in the amount of $5,329,000 related to the Rumrill Sports Park in fis cal year 2022. In addition, as discussed in Note 1M, the City implemented GASB 87, Leases, in fiscal year 2022, requiring the restatement of the intangible right-to-use leased building as discussed in Note 1M and Note 15.

52 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 6 – CAPITAL ASSETS (Continued)
Construction in progress comprise
d the following at June 30, 2022:

Project Amount
Police Department Headquarter $149,988
Giant Road 78,760
Citywide Slurry Seal Program 10,186
Rumrill Boulevard Street 9,275,866
Intersection Improvement 261,304
Other 2,368,598
Total construction in progress $12,144,702
B.

Economic Development Corporation’s Capital Assets
The following is a summary of the Economic Development Corporation’s changes in capital assets for the fiscal year ended June 30, 2022:

Balance at Balance at
June 30, 2021 Additions Retirements June 30, 2022
Capital assets not being depreciated:

Land - SPCC and HEAL $1,600,000 ($1,600,000)
Total capital assets not being depreciated 1,600,000 (1,600,000) Capital assets being depreciated:

Building - HEAL 180,000 (180,000)
Building - EDC 1,540,000 $1,540,000
Field improvements - HEAL 6,375,934 (6,375,934)
Equipment - EDC 77,107 (77,107)
Vehicles 13,274 13,274
Total capital assets being depreciated 8,186,315 (6,633,041) 1,553,274 Less accumulated depreciation (2,611,665) ($487,169) 2,898,593 (200,241) Net capital assets being depreciated 5,574,650 (487,169) (3,734,448) 1,353,033 Capital assets, net $7,174,650 ($487,169) ($5,334,448) $1,353,033 C. Capital
Asset Contributions
Some capital assets may be acquired
using federal and State grant funds, or they may be contributed by d
evelopers or other governments. Contributed capital assets are valued at their estimated acquisition value on the date contributed.
53 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 6 – CAPITAL ASSETS (Continued)

D. Depreciation Allocation

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

Governmental Activities:

General Government ($1,067,428)
Community Recreation (297,805)
Community Development (237,451)
Public Works (2,563,503)
Police (239,213)
Total depreciation expense ($4,405,401)
Discretely Presented Component Unit:

Economic Development Corporatio
n ($487,169)

NOTE 7 – LONG-TERM DEBT

The City generally incurs long-term debt to finance projects or purcha se assets which will have useful lives equal to or greater than the related debt. Th e City’s long-term debt is recorded only in the government-wide financial statements.

In governmental fund types, debt discounts and issuance costs are recognized in the current period.

A. Current Year Transactions and Balances

The City’s debt issues and transactions are shown below and discussed in detail thereafter.

Original
Issue Balance Balance Current
Amount June 30, 2021 Additions Retirements June 30, 2022 Portion Lease Revenue Bonds:

Lease Revenue Bonds Series 2015A

2.00-4.00%, due 11/1/2044 $4,255,000 $3,595,000 $3,595,000 Lease Revenue Bonds Series 2015B

1.00-4.50%, due 11/1/2040 11,555,000 10,365,000 $10,365,000 Lease Revenue Bonds Series 2018

2.50-5.00%, due 11/1/2052 15,325,000 15,090,000 245,000 14,845,000 $255,000 Lease Revenue Bonds Series 2022

3.00-4.00%, due 11/1/2053 30,470,000 $30,470,000 30,470,000 120,000 Premium 3,573,108 3,573,108 49,627 3,523,481
Total Lease Revenue Bonds 29,050,000 34,043,108 10,659,627 52,433,481 375,000 Direct Borrowings - Loan:

Solar Loan

1.0%, due 12/22/2029 1,141,738 697,992 79,080 618,912 79,874 Total Capital Leases 697,992 79,080 618,912 79,874
Total City Debt $29,747,992 $34,043,108 $10,738,707 $53,052,393 $454,874

54 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 7 – LONG-TERM DEBT (Continued)

B. San Pablo Joint Powers Financing Authority Lease Revenue Bonds, Series 2015A, Series 2015B and Series 2018

On February 18, 2015, the City of San Pablo Join t Powers Financing Authority (Authority) issued $4,255,000 and $11,555,000 in 2 015 Lease Revenue Bonds, Series A and B, respectively. The Authority proceeds of these bonds were used to finance certain capital improvement projects and property acquisitions for the City, including a library facility and upgr ades to City Hall. The Authority has pledged facility lease between the City and the Authority. The Authority would lease the City the City Hall Complex and the City Police Department Building.

Under a site and facility lease dated March 1, 2015, the Authority leased the City Hall complex and police department building from the City and pursuant to a lease agreement dated March 1, 2015, the Authority leased the property to the City. Lease pa yments from the City to the Authority are pledged for the repayment of the Bonds. Al though the lease payments are pa yable from all legally available funds of the General Fund, the City agreed that each September, upon the receipt of revenue under the City’s Municipal Services Agreemen t with the Lytton Band of Pomo Indians, to transfer the full amount of the lease payments for that fiscal year to the Bond Trustee. Annual principal payments on the 2015 A and B Lease Revenue Bonds are due Nove mber 1, commencing on November 1, 2015 and 2016, respectively. Semi-annual interest payments are due May 1 and November 1, through 2044 and 2040, respectively, commencing on November 1, 2 015. On February 1, 2022, the outstanding balance of the 2015B Lease Revenue Bonds were refunded and defeased with the issuance of the 2022 Lease Revenue Bonds.

On January 31, 2018, the Authority issued an a dditional $15,325,000 in 2018 Lease Revenue Bonds.

The proceeds of these bonds were used to finance the construction of a new City Hall. Under the site and facility lease dated March 1, 2015, amended as of February 1, 2018, the Authority leased the City Hall project site, medical office building, senior center , corporation yard and Davis Park to the City as construction period leased properties to suppor t the Series 2018 bond paym ents. Upon substantial completion of the City Hall Project, the City re leased the construction period leased properties mentioned above and instead the City Hall Project, to gether with the Police building, will serve as the leased property in support of both the 2015 and 2018 bonds. Annual principal payments on the 2018 Lease Revenue Bonds are due November 1, commenci ng on November 1, 2020. Semi-annual interest payments are due May 1 and November 1 through 2052, commencing on May 1, 2018.

The bonds are special limited obligat ions of the Authority secured by and payable solely from Series 2018 Revenues pledged to the 2018 Bonds under the Indenture. The Ci ty has covenanted in the Lease to take such actions as may be necessary to include and maintain all Series 2018 Base Rental Payments in its budget and to make the necessary appropriatio ns thereof, subject to such abatement. Should the City default under the facilities sublease, the Author ity at its option may term inate the Lease and re- lease all or any portion of the Leased Property, provided that the Authority shall have no right to re-let the Corporation Yard or Davis Park portions of th e Leased Property. Notwithstanding anything in the Indenture to the contrary, there shall be no right und er the circumstances to accelerate the Base Rental Payments or otherwise declare any Base Rental Payments not then in default to be immediately due and payable.

55 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 7 – LONG-TERM DEBT (Continued)

On February 1, 2022, the Authority issued an additional $30,470,000 in 2022 Lease Revenue Bonds.

The proceeds of these bonds will be used to finance the construction of Police Headquarters and Public Safety Training Center Project and to refund an d defease all of the Authority’s outstanding Lease Revenue Bonds, Series 2015B. Annual principal payments on the 2022 Lease Revenue Bonds are due November 1, commencing on November 1, 2022. Semi-annual interest payments are due May 1 and November 1 through 2052, commencing on May 1, 2022. The refunding resulted in a net present value savings to the City in debt services of $621,083.

The bonds are special limited obligat ions of the Authority secured by and payable solely from Series 2022 Revenues pledged to the 2022 Bonds under the Indenture. The Ci ty has covenanted in the Lease to take such actions as may be necessary to include and maintain all Series 2022 Base Rental Payments in its budget and to make the necessary appropriatio ns thereof, subject to such abatement. Should the City default under the facilities sublease, the Author ity at its option may term inate the Lease and re- lease all or any portion of the Leased Proper ty, with the exception of the WIC Building.

Notwithstanding anything in the Indenture to the contrary, there shall be no right under the circumstances to accelerate the Base Rental Payments or otherwise declare any Base Rental Payments not then in default to be immediately due and payable.

Debt service requirements are shown below for the bonds:

For the Year Ending June 30 Principal Interest Total
2023 $375,000 $1,855,756 $2,230,756
2024 865,000 1,833,919 2,698,919
2025 900,000 1,800,469 2,700,469
2026 935,000 1,764,769 2,699,769
2027 975,000 1,727,107 2,702,107
2028-2032 5,520,000 7,989,385 13,509,385
2033-2037 6,790,000 6,707,494 13,497,494
2038-2042 8,235,000 5,270,232 13,505,232
2043-2047 9,865,000 3,637,538 13,502,538
2048-2052 11,800,000 1,698,211 13,498,211
2053 2,650,000 51,523 2,701,523
Total $48,910,000 $34,336,403 $83,246,403

C. Solar Panel Loan

The City executed a loan agreement with California Energy Commission on March 3, 2013 to fund the installation of solar panels at five San Pablo facilitie s, in the amount of $1,141,738. The associated projects started in July 2013 and the proceeds from the loan were dr awn down during the year ended June 30, 2014. The loan bears interest of 1.00% an d is due in 29 semi-annua l installments of $42,932 from December 22, 2015 through December 22, 2029.

56 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 7 – LONG-TERM DEBT (Continued)
Debt service requirements are shown below for the loan payable:

Fiscal Y ear
Ended June 30 Principal Interest Total
2023 $79,874 $6,784 $86,658
2024 80,660 5,990 86,650
2025 81,483 5,204 86,687
2026 82,299 4,381 86,680
2027 83,125 4,565 87,690
2028-2030 211,471 3,188 214,659
Total $618,912 $30,112 $649,024
Direct Borrowings
D. EDC Notes and Loans Payable
On February 23, 2015, the EDC, through HEAL, LLC, entered into two loan agreements with Northern California Community Capital NMTC Sub-CDE XII,
LLC, the proceeds of which were used fo r
construction of the Rumrill Sports Park.

The first and second loans are in the amounts of $4,947,116 and $2,552,884, respectively. Under the terms of the agreements, the loans bear interest of 0.8619% and are payable in quarterly interest-only payments un til fiscal year 2022. In accordance with NMTC regulations, the compliance period for the invest ment made by the New Markets Community Capital XI LLC (NMCC) related to the Rumrill Sports Park e nded on March 15, 2022. On that date, all parties terminated the NMTC transactions and began the un winding process. As a result, the EDC terminated its financing agreement with NMCC, resulting in a gain of $2,165,552, which is recorded as a Special Item on the Statement of Activities. In addition, the capital assets related to the Rumrill Sports Park were transferred to the City as discussed in Note 5J.

As discussed in Note 13, the EDC purchased a bui lding at Mission Plaza in July 2018 from the Successor Agency, who provided financing to the EDC in the amount of $1,350,000. During fiscal year ended June 30, 2020, the EDC paid $50,000 towards pr incipal. The Note is secured by the property, bears interest at an annual rate of 4%, and is due and payable in full no later than twelve (12) years from the date of the note. The EDC will make annual interest-only payments of $52,000 over the 12 years, at which time, the balance of the principal will be due.

Future repayment requirements for the note are shown below:

For the Y ear Ending June 30 Principal Interest Total
2023 $52,000 $52,000
2024 52,000 52,000
2025 52,000 52,000
2026 52,000 52,000
2027 52,000 52,000
2027-2031 $1,300,000 260,000 1,560,000
Total $1,300,000 $520,000 $1,820,000
57 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – NET POSITION AND FUND BALANCES

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

Net Position is measured on the full accrual basis wh ile Fund Balance is measured on the modified accrual basis, as explained in Note 1D.

A. Net Position

Net Position is the excess of all the City’s assets and deferred outflows of resources over all its liabilities and deferred inflows of resources, regardless of fund. Net Position is divided into three captions. These captions apply only to Net Position, which is determ ined only at the Government-wide level, and are described below:

Net investment in capital assets describes the portion of Net Position which is represented by the current net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these assets.

Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include developer fees received for use on capital projects, debt service requirements, and redevelopment funds restricted to low and moderate income purposes.

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

B. Fund Balances

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

The City’s fund balances are classified based on spending constraints im posed on the use of resources.

For programs with multiple funding sources, the C ity prioritizes and expends funds in the following order: Restricted, Committed, Assigned, and Unassigne d. Each category in the following hierarchy is ranked according to the degree of spending constraint:

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

Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resources to be used only for a specific purpose.

Encumbrances and nonspendable amounts subject to restrictions are included along with spendable resources.

Committed fund balances have constraints imposed by formal action of the City Council which may be altered only by formal action by Resolution of th e City Council. Encumbrances and nonspendable amounts subject to Council commitments are included along with spendable resources.

58 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 8 – NET POSITION AND FUND BALANCES (Continued)
Assigned
fund balances are amounts constrained by the City’s intent to be used for a specific purpose, but are neither restricted nor committed. Intent is expressed by the City Council or its designee, the Finance Manager, during the adoption of the annual budget and may be changed at the di scretion of the City Council or the Finance Manager.

Unassigned fund balance represents residual amounts that have not been restricted, committed, or assigned. This includes the residual general fund bala nce and residual fund deficits, if any, of other governmental funds.

Detailed classifications of the City’s fund balances, as of June 30, 2022, are below:

Special Capital Debt
Revenue Projects Service
Low and
M
oderate 2015 2022 Other
General Income JPFA Lease JPFA Lease Governmental
Fund Balance Classifications Fund Housing Assets Revenue Bonds Revenue Bonds Funds Total Nonspendable:

Items not in spendable form:

Prepaids and deposits $11,141 $11,141
Employee loans receivable 1,684 1,
684
Total Nonspendable Fund 12,825 12,825
Restricted for:

Redevelopment Low and Moderate
Income Housing 3,753,733 $9,302,757 13,056,490
Street Lighting and Landscaping $223,234 223,234
Local Street and Road Improvements
and Maintenance 4,592,981 4,592,981
Law Enforcement 680,800 680,800
Paratransit 532,879 532,879
Housing Grants 97,989 97,989
Capital projects $2,190,577 $29,749,257 83 31,939,917
Total Restricted Fund Balances 3,753,733 9,302,757 2,190,577 29,749,257 6,127,966 51,124,290 Assigned to:

Capital projects 7,825,000 7,825,000
Total Assigned Fund Balances 7,825,000 7,825,000
Unassigned:

General fund 56,568,821 (34,044) 56,534,777
Total Unassigned Fund Balances 56,568,821 (34,044) 56,534,777 Total Fund Balances $68,160,379 $9,302,757 $2,190,577 $ 29,749,257 $6,093,922 $115,496,892 59 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – NET POSITION AND FUND BALANCES (Continued)

C. Stabilization and Contingency Arrangements

The City adopted a Fiscal Resiliency Policy with Re solution 2013-159, which established four types of reserves to address unanticipated, one-time needs as follows:

Catastrophic Reserve : To assist with expenses due to severe, natural, financial, or legal calamities including earthquakes, floods, disrup tions in casino income, major legal judgments against the City and would be funded with fifty percent of the annual Total Operating Funds Budget, including transfers to CIP. The Catastr ophic Reserve can only be used upon adoption of a Statement of Findings and/or a Declaration of Emergency subject to City Council approval and must be repaid within three fiscal years.

Budget Stabilization Reserve: To replace the prior Budget Stabilization Fund to serve as a budget balancing tool to counteract the impacts of eco nomic downturns and declining revenues in the economic cycle, and the funds would be used for unforeseen, unplanned, one-time expenses that assist the City in developing fiscal resiliency, and the reserve will be fund ed with the equivalent of five percent of the annual Total Operating Fu nds budget, including transfers to CIP. The use of the Budget Stabilization Reserve requires approval of the Budget Services Ad-Hoc Subcommittee in addition to a Statement of Find ings by the City Council and all uses must be repaid in the following fiscal year to prevent long-term structural deficits.

General Fund Designated Reserves: Identified within the Total Operating Funds and “designated” or earmarked by City Council for particular future uses as a way to prefund large expenditures, including but not limited to replac ement of large capital equipment, information technology systems, facilities and infrastructure maintenance and replacement, accrued employee leave costs, PERS rate increases, workers' compensation costs, general liability costs, etc.

Future Capital Projects Reserves: Specific fund balances designated within the Total Operating Funds by City Council for future capital projects that Council determines to be in the best, long- term interests of the City.

The City amended Resolution 2013-159, by the ad opting Resolution 2016-218 which established a new discretionary reserve, the Casino Revenue Sustainability Reserve. The purpose of the reserve is to mitigate against the potential im pact that a sudden shutdown or loss of casino revenue would have on the City’s ability to main tain current operations and service levels. This reserve gives the City the ability to save up to maximum of 50% of unused audited fund balance annually to mitigate the potential of future casino revenue impacts. All deposits and withdrawals from the fund are discretionary, but require approval by the Budget, Fiscal & Legislative Standing Committee and a majority approval by resolution of the City Council.

60 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – NET POSITION AND FUND BALANCES (Continued)

The required balance of each reserve for the year en ded June 30, 2022, and the actual balance for each as of June 30, 2022, which are reported within the unassigned fund balance of the General Fund follows:

Required Ending
Balance
Balance as of
June 30, 2022
Catastrophic Reserve $25,055,668 $25,055,668
Budget Stabilization Reserve 2,505,567 2,505,567
Future Capital Projects (includes Casino Revenue
Sustainability Reserve) 8,859,272 750,779
Unassigned 28,256,807
Total General Fund Unassigned Fund Balance $56,568,821

NOTE 9 – PENSION PLANS

A. General Information about the CalPERS Pension Plans

Plan Description – All qualified permanent and probationary employees are required to participate in the City’s separate Safety (police) and Miscella neous (all other) Employee Pension Rate Plans. The City’s Miscellaneous and Safety Rate Plans are pa rt of the public agency cost-sharing multiple- employer defined benefit pension plan (PERF C), which is administered by the California Public Employees’ Retirement System (CalPE RS). PERF C consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual em ployer miscellaneous and safety rate plans, respectively. Individual empl oyers may sponsor more than one miscellaneous and safety rate plan. The employer participates in one cost-sharing multiple-employer defined benefit pension plan regardless of the number of rate plans the employer sponsors. The City sponsors four rate plans (two miscellaneous and two safety).

Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assu mptions and membership information that can be found on the CalPERS website.

Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries.

Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to re tire at age 50 with statutor ily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

61 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 9 – PENSION PLANS (Continued)

The Plan’s provisions and benefits in effect at June 30, 2022, are summarized as follows:

Miscellaneous
Classic PEPRA
Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 2.5% @ 55 2% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 - 55 52 - 67
Monthly benefits, as a % of eligible compensation 2.0% to 2.5% 1.0% to 2.5% Required employee contribution rates 8.0% 6.75%
Required employer contribution rates 12.20% 7.59%
Safety
Classic PEPRA
Hire date
Prior to
Januar
y 1, 2013
On or after
January 1, 2013
Benefit formula 3% @ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 50 - 57
Monthly benefits, as a % of eligible compensation 3% 2.0% to 2.7% Required employee contribution rates 9.0% 13%
Required employer contribution rates 23.71% 13.13%

Beginning in fiscal year 2016, CalPERS collects employer contributions for the plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability (UAL ). The dollar amounts are billed on a monthly basis or can be paid in a lump sum at a reduced amount. The City electe d to make the pay as you go contributions and the required contribution for the unfunded liability was a lump sum payment of $ 3,460,631 in fiscal year 2022.

Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public empl oyers be determined on an annual basis by the actuary and shall be effective on the July 1 foll owing notice of a change in the rate. Funding contributions for the Plan are determined annually on an actuarial basi s as of June 30 by CalPERS.

The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the di fference between the actuarially determined rate and the contribution rate of employees. Employer cont ribution rates may change if plan contracts are amended. Payments made by the employer to satisf y contribution requirements that are identified by the pension plan terms as plan member contributi on requirements are classified as plan member contributions.

62 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 9 – PENSION PLANS (Continued)

For the year ended June 30, 2022, the City’s total contributions to the Plan were $5,884,286.

The long-term portion of the Governmental Activities Net Pension Liability is liquidated primarily by the General Fund.

B. Pension Liabilities, Pension Expenses and Defe rred Outflows/Inflows of Resources Related to Pensions

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

As of June 30, 2022, the City reported a net pens ion liability for its proportionate share of the net pension liability of the Plans as follows:

Proportionate Share
of Net Pension Liability
Miscellaneous $12,166,401
Safety 18,169,077
Total Net Pension Liability $30,335,478

The City’s net pension liability for the Plan is meas ured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of Ju ne 30, 2021, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. The City’s proportions of the net pension liability was based on a projection of the C ity’s long-term share of contributions to the pension plans re lative to the projected contributions of all participating employers, actuarially determined.

The City’s proportionate share of the net pension li ability for the Plans as of June 30, 2020 and 2021 was as follows:

Miscellaneous
Proportion - June 30, 2020 0.44311%
Proportion - June 30, 2021 0.64074%
Change - Increase (Decrease) 0.19763%
Safety
Proportion - June 30, 2020 0.43224%
Proportion - June 30, 2021 0.51771%
Change - Increase (Decrease) 0.08547%

63 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 9 – PENSION PLANS (Continued)

For the year ended June 30, 2022, the City recognized pension expense of $9,402,971. At June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $5,884,286 Differences between actual and expected experience 4,468,502 Changes in assumptions
Net differences between projected and actual earnings on plan investments ($21,434,719)
Change in proportion and differences between actual contributions and proportionate share of contributions 1,136,427 (3,289,465) Total $11,489,215 ($24,724,184)

Deferred outflows of resources related to contribu tions subsequent to the measurement date will be recognized as a reduction of the net pension liabilit y in the year ended June 30, 2023 for $5,884,286.

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended Annual
June 30 Amortization
2023 ($3,900,065)
2024 (4,280,881)
2025 (5,027,428)
2026 (5,910,881)
Total ($19,119,255)

Actuarial Assumptions – For the measurement period ended Ju ne 30, 2021, the total pension liability was determined by rolling forward the June 30, 2020 total pension lia bility. The June 30, 2020 total pension liabilities were based on the following actuarial methods and assumptions for all benefit tiers:

Valuation Date June 30, 2020 June 30, 2020
Measurement Date June 30, 2021 June 30, 2021
Actuarial Cost Method Entry-Age Normal Cost Method Entry-Age Normal Cost Method Actuarial Assumptions:

Discount Rate 7.15% 7.15%
Inflation 2.50% 2.50%
Projected Salary Increase
Investment Rate of Return 7.15% (2) 7.15% (2)
Mortality Rate Table Derived using CalPERS Membership
Data for all Funds (3)
Post Retirement Benefit Increase The lesser of contract COLA or 2.50% until Purchasing Power Protection Allowance Floor on
Purchasing Power applies, 2.50% thereafter.
(1) Depending on age, service and type of employment.
(2) Net of pension plan investment expenses, including inflation. (3) The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using Society of Actuaries Scale 90% of Scale MP 2016. For more details of this table, please refer to the CalPERS December 2017 experience study report based on CalPERS demographic data from 1997 to 2015 available on CalPERS website.

Data for all Funds
(3)
The lesser of contract COLA or 2.50% until
Purchasing Power Protection Allowance Floor
on Purchasing Power applies, 2.50% thereafter.

Safety (1)
Varies by Entry Age and Service Varies by Entry Age and Service Derived using CalPERS Membership
Miscellaneous (1)

64 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 9 – PENSION PLANS (Continued)
The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2020 valuation were based on the results of December 2017 actuarial experience study for the period 1997 to 2015. Further details of the Experience Study can be found on the CalPERS website.

Discount Rate – The discount rate used to measure the tota l pension liability for the Plan was 7.15%.

The projection of cash flows used to determine the discount rate for the Plan assumed that contributions from all plan members in the Public Employees Re tirement Fund (PERF) will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those as sumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit paym ents of current plan members.

Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

The long-term expected rate of return on pension plan investments was determined using a building- block method in which expected fu ture real rates of return (expec ted returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expect ed rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term an d long-term, the present value of benefits was calculated for each fund. The exp ected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of re turn was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

The table below reflects the expected real rates of return by asset class.

Asset Class (a)
Assumed
Asset
Allocation
Real Return
Years 1 - 10
(b)
Real Return
Years 11+ (c)
Public Equity 50.0% 4.80% 5.98%
Fixed Income 28.0% 1.00% 2.62%
Inflation Assets 0.0% 0.77% 1.81%
Private Equity 8.0% 6.30% 7.23%
Real Assets 13.0% 3.75% 4.93%
Liquidity 1.0% 0.00% -0.92%
Total 100%
(a) I
n the CalPER's Annual Financial Report, Fixed Income is in
cluded in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
(b) A
n expected inflation of 2.0% used for this period.
(c) A
n expected inflation of 2.92% used for this period.
65 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 9 – PENSION PLANS (Continued)

Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate – The following presents the City’s proportionate share of the net pension liability for the Plans, calculated using the discount rate for the Plans, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate th at is 1-percentage point lower or 1-percentage point higher than the current rate:

Miscellaneous Safety
1% Decrease 6.15% 6.15%
Net Pension Liability $21,068,245 $32,374,776
Current Discount Rate 7.15% 7.15%
Net Pension Liability $12,166,401 $18,169,077
1% Increase 8.15% 8.15%
Net Pension Liability $4,807,373 $6,500,850

Pension Plan Fiduciary Net Position – Detailed information about th e pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

66 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 10 – POST RETIREMENT HEALTH CARE DEFINED BENEFIT PLAN

A. General Information about the City’s Ot her Post Employment Benefit (OPEB) Plan

Plan Description – In addition to the pension benefits descri bed in Note 9 above, the City provides medical and dental benefits to substantially all retirees under the City of San Pablo Retiree Health Savings Plan, a single-employer defined benefit hea lthcare plan, in accordance with paragraph 4 of GASB Statement No. 75. Coverage is also provided for spouses of employees having a minimum of 20 years of service at retirement.

Benefits Provided – The following is a summary of Plan benefits by employee group as of June 30, 2022:

San Pablo Police
Employees
Association
(SPPEA)
Public Employees
Local
One/AFSCME
Executive
Management Contract Employees Elected Officials
Confidential,
Division managers,
and AIE
Benefit Types Provided Medical only (E) Medical only Medical and Dental Medical and Dental Medical and Dental
(H) Medical only
Duration of Benefits (A) Until Age 65 (B)(D) Until Age 65 (B) Lifetime (G) Lifetime (G) Lifetime (G) Until Age 65 (B) Required Service:

Basic
Supplemental
10 years for 1-party
supplemental. 20
years for 2-party
supplemental
15 years for $135
supplemental.
25 years for $480
supplemental
10 years
5 years for City
Manager.
10 years for City
Attorney
2 terms (8 years) for
supplemental
medical.
3 terms (12 years)
for supplemental
medical and dental
15 years for $135
supplemental.
25 years for $480
supplemental
M i n i m u m A g e 5 05 05 05 05 05 0
Dependent Coverage
One dependent, if
EE served for 20+
years
(20 years)
Yes, if EE served
for more than 25
years
Yes Yes Yes
Yes, if EE served
for more than 25
years
City Contribution 100%
Flat amount $135
for 15+ years of
service; $480 for
25+ years of service
and enrolled in a
plan for 2 or more
100% 100% 100%
Flat amount $135
for 15+ years of
service; $480 for
25+ years of service
and enrolled in a
plan for 2 or more
City PEMHCA
Contribution Cap per
Month (Basic) (C)
$128 for single
$220 for two party
(E) $285 for family
(E)
$128 for single
$220 for two party
$285 for family
$128 for single
$220 for two party
$285 for family
$128 for single
$220 for two party
$285 for family
$128 for single
$220 for two party
$285 for family
$128 for single
$220 for two party
$285 for family
City Supplemental
Contribution Cap per
Month (Supp)
Cost of 1-party or 2-
party plan selected
by retiree (D)
15 years service
$135; 25 years of
service $480
None None None 15 years service
$135; 25 years of
service $480
(A) Duration is subject to limitations as specified in the Memorandum of Understanding with each bargaining unit. (E) Benefit only applies if the retiree was hired before July 1, 2014. (G) City shall pay the monthly supplemental allowance for life of the retiree, or if the retiree has died, to the retirees spouse or registered domestic partner. (C) The minimum contributions under the Public Employees Medical and Hospital Care Act (PEMHCA) is adjusted by CalPERS annually. (D) Those hired before May 1, 1986 with 20 years of service are entitled to receive a monthly amount equivalent to a Kaiser Supplement/Managed Medicare 1-party plan rate at time of retirement until death of the retiree.
(F) Qualified annuitants that retire under an Industrial Disability Retirement and are members of SPPEA and have attained 20+ years of service will receive the same benefit as those with Service Retirements.
(H) City Council members first elected before Jan. 1, 2013 and City Treasurer and City Clerk if elected prior to November 2010 that have served a minimum of 2 terms are eligible for city-paid supplemental medical coverage. City Council members that have served at least three terms, and were elected prior to Jan. 1, 2013 are also eligible for continued dental coverage.

Service Retirement under CALPERS within 120 days of separation (F) (B) From the date of retirement and until such time the retiree becomes eligible for Medicare, turns the age of sixty-five (65) receives health insurance coverage from another source, or dies, whichever comes first.

67 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 10 – POST RETIREMENT HEALTH CARE DEFINED BENEFIT PLAN (Continued) For the year ended June 30, 2022, the City’s contributions to the Plan were $579,886.

Employees Covered by Benefit Terms – Membership in the plan cons isted of the following at the measurement date of June 30, 2022:

Active employees 156
Inactive employees or beneficiaries currently
receiving benefit payments 105
Inactive employees entitled to but not yet
receiving benefit payments -
Total 261
B. Net OPEB Liability
Actuarial Methods and Assumptions – The City’s net OPEB liability was measured as of June 30, 2022 and the total OPEB liability used to calculate the net OPEB liability was de termined by an actuarial valuation dated June 30, 2020 that was rolled forward using standard update procedures to determine the $14,785,756 total OPEB liability as of June 30, 2022, based on the following actuarial methods and assumptions:

Actuarial Assumptions
Valuation Date June 30, 2020
Measurement Date June 30, 2022
Actuarial Cost Method Entry age normal, level percent of pay Amortization Method Closed period, level percent pay
Amortization Period 20 years
Actuarial Assumptions:

Discount Rate 5.71%
Inflation 9.25%
Payroll Growth 2.75%
Investment Rate of Return 5.71%
Mortality Rate Based on CalPERS Rates
Pre-Retirement Turnover Based on CalPERS Rates
Healthcare Trend Rate 6.50%, trendin g down to 5.40%
Discount Rate – The discount rate used to measure the total OPEB liability was 5.71%. The projection of cash flows used to determine the discount rate assumed that City contributions will be made at rates equal to
the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all pe riods of projected benefit payments to determine the total OPEB liability.

The long-term expected rate of return on the City’s OPEB plan assets, invested with ICMA-RC in the VT II Model Portfolio Aggressive Fund is 6.99%. Th is rate of return is the 10 year average annual return based on past performance of the fund and is provided by ICMA-RC. 68 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 10 – POST RETIREMENT HEALTH CARE DEFINED BENEFIT PLAN (Continued)

C. Changes in Net OPEB Liability

The changes in the net OPEB liability follows:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (a) - (b)
Balance at June 30, 2021 $12,713,610 $13,187,277 ($473,667) Changes Recognized for the Measurement Period:

Service Cost 471,257 471,257
Interest on the total OPEB liability 872,071 872,071
Differences between expected and actual experience 25,002 25,002 Changes of assumptions 1,537,074 1,537,074
Contributions Employer - City's Contribution 579,886 (579,886) Contributions Employer - Implicit Subsidy 253,372 (253,372) Net investment income (1,627,313) 1,627,313
Benefit payments - Employee Contributions (579,886) (579,886) Benefit payments - Implicit Rate Subsidy Fulfilled (253,372) (253,372) Net changes 2,072,146 (1,627,313) 3,699,459
Balance at June 30, 2022 $14,785,756 $11,559,964 $3,225,792 Increase (Decrease)

Detailed information about the OPEB plan’s fiduciary net position is available in the Retiree Health Savings Plan Trust Fund. The benefit payments and refunds include implied subsidy benefit payments in the amount of $253,372.

The long-term portion of the Governmental Activities Net OPEB Liability is liquidated primarily by the General Fund.

D. Sensitivity of the Net OPEB Liabi lity to Changes in the Discount Rate and Healthcare Cost Trend Rates

The following presents the net OPEB liability of the Ci ty, as well as what the City's net OPEB liability would be if it were calculated using a discount ra te that is 1-percentage-point lower (4.71%) or 1- percentage-point higher (6.71%) than the current discount rate:

Net OPEB Liability/(Asset)
Discount Rate -1% Current Discount Rate Discount Rate +1% (4.71%) (5.71%) (6.71%)
$4,864,820 $3,225,792 $1,834,854

69 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 10 – POST RETIREMENT HEALTH CARE DEFINED BENEFIT PLAN (Continued) The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.50% or 1-percentage-point higher (7.50%) than
the current healthcare cost trend rates:

Net OPEB Liability/(Asset)
Current Healthcare Cost
1% Decrease Trend Rates 1% Increase
(5.50% decreasing to 3.04%) (6.50% decreas ing to 4.04%) (7.50% decreasing to 5.04%) $1,781,568 $3,225,792 $4,963,408
E.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the year ended June 30, 2022, the City recognized OPEB expense of $230,634. At June 30, 2022, the City reported deferred outflows and inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience $66,884 ($2,266,881) Changes of assumptions 3,996,093 (257,878)
Net differences between projected and actual earnings
on plan investments 713,042
Total $4,776,019 ($2,524,759)
Amounts reported as deferred outflows of resources and deferred infl ows of resources related to OPEB will be recognized as part of OPEB expense as follows:

Year Annual
Ended June 30 Amortization
2023 $435,699
2024 401,590
2025 316,467
2026 821,038
2027 70,312
T
hereafter 206,154
Total $2,251,260
NOTE 11 – DEFERRED COMPENSATION PLAN
City employees may defer a portion of their compensation under a Ci ty sponsored Deferred Compensation Plan created in accordance with Intern al Revenue Code Section 457. Under this plan, participants are not taxed on the deferred portion of their compensation until distributed to them; distributions may be made only at termination, reti rement, death or in an em ergency as defined by the Plan. The City does not provide any contributio ns to the Deferred Compensation Plan and all contributions to the plan are made by employees.

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

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – RISK MANAGEMENT
A. Municipal Pooling Authority (MPA)
The City is a member of the Municipal Pooling Authority (Authority). The Authority provides coverage against the following types of loss risks un der the terms of a joint-powers agreement with the City and several other cities and governmental agencies as follows:
$29,000,000
Cyber Liability ($50,000) 2,000,000
Public Entity Pollution Liability ($250,000) 1,000,000
Vehicle - Physical Damage ($3,000 for police vehicles, $2,000 for all others) 250,000
Workers' Compensation (no deductible) Statutory Limit
Government Crime Coverage ($2,500) 5,000,000
Employment Liability Program ($100,000) 1,000,000
Property
All Risk ($25,000) 1,000,000,000
Water ($150,000) 800,000,000
Flood* 25,000,000
Boiler & Machinery ($10,000) 100,000,000
* $100,000 minimum deductible, per occurrence, except
Zone A and V, which are subject to a $250,000 deductible, per occurren
ce
L
iability ($10,000)
Type of Coverage (Deductible) Coverage Limits
The Authority is governed by a Board consisting of representatives from member municipalities. The Board controls the operations of the Authority, including selection of management and approval of operating budgets, independent of any influence by member municipa lities beyond their representation
on the Board.

The City’s deposits with the Authority are in accordan ce with formulas established by the Authority.

Actual surpluses or losses are shared according to a formula developed from overall loss costs and spread to member entities on a percentage basis after a retrospective rating.

Audited financial statements for the Authority are available from MPA, 1911 San Miguel Drive, Suite 200, Walnut Creek, CA 94596.

Settlements did not exceed insurance coverage for the last three fiscal years. 71 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – RISK MANAGEMENT (Continued)
B. Liability for Uninsured Claims
The City provides for the uninsured portion of clai ms and judgments, including a provision for claims incurred but not reported, when a loss is deemed pr obable of assertion and the amount of the loss is reasonably determinable.

The City’s liability for uninsured claims at June 30 was estimated by management based on claims experience reported by the Authority and was computed as follows:
2022 2021
Beginning balance $66,423 $62,720
Provision for current fiscal year claims 18,933 32,359 Change in provision for prior fiscal year claims (374,005) 25,094 Claims paid 355,072 (53,750)
Ending balance $66,423 $66,423
June 30,
NOTE 13 – SUCCESSOR AGENCY ACTIVITIES
The activities of the Successor Agency are reporte d in the Successor Agency to the Redevelopment Agency Private-Purpose Trust Fund as the activities are under the control of the Oversight Board. The City provides administrative services to the Successor Agency to wind down th e affairs of the former Redevelopment Agency. Activities of the Successor Agency are as follows:

A. Cash and Investments
Cash and investments of the Successor Agency as of June 30, 2022 are discussed in Note 3.

Information presented in the following footnotes repr esents other assets and liabilities of the Successor Agency as of June 30, 2022.

B. Loans Receivable
The Successor Agency assumed the non-housing lo
ans receivable of the former Redevelopmen t
Agency as of February 1, 2012. The former Redevelopment Agency engaged in programs designed t o
encourage construction of or improvement to low-to-moderate income housing. Under these programs, grants or loans were provided under favorable term s to homeowners or developers who agreed to expend these funds in accordance with the Agency’s te rms. As of June 30, 2022, the balances of these l
oans was $23,127.
72 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 13 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)

During fiscal year 2016, in conjunction with the sale of Successor Agency-owned property, the Successor Agency agreed to loan th e funds necessary for the land purcha se to the buyer. The loan is secured by a promissory note and deed of trust on the property. The No te bears simple annual interest of 3.25% and interest payments ar e due annually each December through 2039. The principal balance of the Note is due on December 10, 2039. The balance of the note receivable was $616,574 as of June 30, 2022.

In July 2018, in conjunction with the sale of Successor Agency-owned property at Mission Plaza, the Successor Agency provided financing to the San Pablo Economic Development Corporation in the amount of $1,350,000. During fiscal year ende d June 30, 2020, the EDC paid $50,000 towards the principal on the note, reducing it to $1,300,000. The Note is secured by the property, bears interest at an annual rate of 4%, and is due no later than twel ve years from the date of the note. The EDC will make annual interest-only payments of $54,000 to the Successor Agency over the course of 12 years, at which time, the balance of principal will be due.

The balances of the notes receivable arising from these programs at June 30, 2022 are as follows:

Micro Loan Program $23,127
Pakpour Loan 616,574
EDC - Mission Plaza 1,300,000
Total $1,939,701

C. Property Held for Resale

The Successor Agency assumed the property held for resale of the former Redevelopment Agency as of February 1, 2012. The former Rede velopment Agency had purchased pa rcels of land as part of its efforts to develop or redevelop blighted properties w ithin the Redevelopment areas. Such land parcels are accounted for at the lower of cost or net realiz able value or agreed-upon sales price if a disposition agreement has been made with a developer.

D. Capital Assets

The Successor Agency assumed the capital assets of the former Redevelopment Agency as of February 1, 2012. All capital assets are valued at historical co st or estimated historical cost if actual historical cost is not available. Contributed capital assets ar e valued at their estimated fair market value on the date contributed. The Successor Agency’s policy is to capitalize all assets with costs exceeding certain minimum thresholds and with useful lives exceeding two years.

All capital assets with limited useful lives are depreciated over their estimated useful lives. The purpose of depreciation is to spread the cost of capital assets equitably among all users over the life of these assets. The amount charged to depreciation expense each year represents that year’s pro rata share of the cost of capital assets.

Depreciation of all capital assets is charged as an expense against operations each year and the total amount of depreciation taken over the years, ca lled accumulated depreciation, is reported on the balance sheet as a reduction in the book value of capital assets.

73 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 13 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)
Depreciation is provided using the straight line method, which means th e cost of the asset is divided by
its expected useful life in years and the result is charged to expense each year until the asset is fully depreciated. The Successor Agency has assigned th e useful lives and capitalization thresholds listed below to capital assets.

Useful
Lives Capitalization
Years Threshold
Buildings and Improvements 10-50
$25,000
Machinery and Equipment 5-10 5,000
Vehicles 5-10 5,000
Major outlays for capital assets and improvements are ca pitalized as projects are constructed. Interest
incurred during the construction phase is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period.

Capital assets recorded at June 30 is comprised of the following:

Balance at Balance at
June 30, 2021 Additions June 30, 2022
Capital assets not being depreciated:

Land and land improvements $2,819,393 $2,819,393
Total capital assets not being depreciated 2,819,393 2,819,393 Capital assets being depreciated:

Buildings and improvements 2,630,082 2,630,082
Machinery and equipment 92,202 92,202
Vehicles 26,144 26,144
Total capital assets being depreciated 2,748,428 2,748,428 Less accumulated depreciation for:

Buildings and improvements 1,672,692 $65,752 1,738,444
Machinery and equipment 92,202 92,202
Vehicles 24,416 24,416
Total accumulated depreciation 1,789,310 65,752 1,855,062 Net capital assets being depreciated 959,118 (65,752) 893,366 Capital assets, net $3,778,511 ($65,752) $3,712,759
74 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 13 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)

E. Long-Term Obligations

The Successor Agency assumed the long-term debt and loans of the former Redevelopment Agency as of February 1, 2012.

Bond premiums and discounts are deferred and amortize d over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond disc ount and gross of the applicable premium. Any differences between refunde d debt and the debt issued to refund it are amortized over the remaining life of either the re funded debt or the refunding debt, whichever is shorter. The deferred charge on refunding is repor ted as a deferred outflow or deferred inflow of resources, as applicable. Bond issu ance costs, other than prepaid insu rance, are expensed in the year incurred.

1. Tax Allocation Bonds and Loans

All of the long-term debt of the Successor Ag ency is comprised of Tax Allocation Bonds and loans issued by the former Redevelopment Agency. The bonds and loans are special obligations of the Agency and are secured only by the Ag ency’s tax increment revenues. Tax Allocation Bonds and loan transactions were as follows:

Original
Issue Balance Balance Current
Amount June 30, 2021 Additions Retirements June 30, 2022 Portion Tax Allocation Bonds:

Tax Allocation Refunding Bonds Series 2014A

2.00-5.00%, due 6/15/2031 $47,595,000 $33, 345,000 $2,610,000 $30,735,000 $2,730,000 Premium 6,429,385 3,781,992 378,200 3,403,792
Tax Allocation Refunding Bonds Series 2014B

2.00-5.00%, due 6/15/2023 6,970,000 3,810,000 1,865,000 1,945,000 1,945,000 Premium 859,238 190,941 95,471 95,470
Tax Allocation Refunding Bonds Series 2016

3.00-3.81%, due 6/15/2029 2,685,531 3,123,421 $103,819 3,227,240 Total Tax Allocation Bonds 44,251,354 103,819 4,948,671 39,406,502 4,675,000 Total Successor Agency Debt $44,251,354 $103,819 $4,948,671 $39,406,502 $4,675,000

2. Debt Service Requirements

Debt service requirements are shown below for all long-term debt except the Housing Successor loans, because the ultimate repayment terms cannot be determined at this time as discussed in Note 13.F.5. below:

For the Year Ending June 30 Principal (1) Interest Total 2023 $4,675,000 $1,634,000 $6,309,000
2024 4,524,430 1,570,820 6,095,250
2025 3,826,152 1,381,348 5,207,500
2026 3,965,585 1,243,915 5,209,500
2027 3,860,192 1,013,058 4,873,250
2028-2031 14,514,172 1,984,328 16,498,500
Total $35,365,531 $8,827,469 $44,193,000
(1) Includes unaccreted discount of $541,709.
75 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 13 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)

3. 2014 Tax Allocation Bond s, Series A and Series B

On June 1, 2014, the Agency is sued $47,595,000 in 2014 Tax Allocation Bonds, Series A. The proceeds of these bonds, secured by property ta x revenues in the Redevelopment Property Tax Trust Fund, were used to refund and defease the outstanding 2001 Tax Allocation Revenue Serial and Term Bonds, a portion of the 200 1 Tax Allocation Revenue Capital Appreciation Bonds, a portion of the 2004 Tax Allocation Revenue Bonds and the outstanding balance of the 2006 Subordinate Tax Allocation Bonds. The refunding reduced the total debt service payments over 19 years by $4,048,958 and resu lted in an economic ga in (difference between the present values of the debt service paymen ts on the old and new debt) of $4,034,727. The 2006 Bonds were called on June 27, 2014 and the outstanding balance of the defeased 2004 Bonds was $16,000,000 as of June 30, 2022.

With the issuance of the 2014A Bond the Succe ssor Agency entered into a Forward Delivery Bond Purchase Agreement with the Underwriter for the subsequently issued Series 2014B Refunding Bonds. Under the terms of the Agreement, the Underwriter agreed to purchase from the Successor Agency all of the 2014B Bonds.

On August 27, 2014, the Successor Agency issued the 2014 Series B Tax Allocation Bonds in the principal amount of $6,970,000. The procee ds of these bonds, secured by property tax revenues in the Redevelopment Property Tax Trus t Fund, are to be used to refund the total amount outstanding the 1999A Tax Allocatio ns Bonds and a portion of the 2004 Tax Allocation Bonds.

The 2014A and 2014B Bonds are secured by the Su ccessor Agency’s property tax revenues in the Redevelopment Property Tax Trust Fund. Annual principal payments on the 2014A Bonds are due December 15, and semi-annual interest payments are due June 15 and December 15, through 2031. Principal payments on the 2014B Bonds are due on June 15, 2015, 2021, 2022 and 2023, and semi-annual interest payments are due December 15 and June 15, through 2023.

4. 2016 Subordinate Tax Allocation Refunding Bonds

On August 1, 2016, the Agency issued $2,685,531 in 2016 Subordinate Tax Allocation Refunding Bonds. The proceeds of these bonds, secured by property tax revenues in the Redevelopment Property Tax Trust Fund, are to be used to refund the total amount outstanding for the 2001 Tax Allocations Bond s. The refunding reduced the total debt service payments over 6 years by $600,000 and resulted in an ec onomic gain (difference between the present value of the debt service payments on the old and new debt) of $377,281. The bonds bear interest rates between 3.0% and 3.81% with in terest payments and principal payments made annually on June of each year commencing 2024 through 2029.

The 2016 Bonds shall not bear interest, bu t shall accrete in value from their Initial Denominational Amount on the date of issuance thereof to their stated maturity at a compounded interest rate, and shall be payable on ly on maturity thereof. Interest on the 2016 Bonds shall be compounded, commencing on De cember 15, 2016 and thereafter on each June 15 th and December 15 th in each Bond Year. Accreted valu e with respect to the 2016 Bonds shall be calculated based on the basis of a 360 day year consisting of twelve 30-day months.

For the fiscal year ended June 30, 2022, the City recorded an accreted value of $103,819 related to the 2016 Bonds.
76 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 13 – REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (Continued)

5. Pledged Revenues
As discussed above, the Agency has pledged al l future tax increment revenues, less amounts required to be set aside in the Redevelopm ent Agency Low and Mode rate Income Housing Fund, for the repayment of the Tax Allocation Bonds. The 1999A, 2001 and 2004 Bonds are considered senior parity obligations, while th e 2014A and 2014B Bonds are subordinated to those Bonds. The pledge of all future tax increment revenues ends upon repayment of $44,193,000 remaining debt service on the Bonds above, which is scheduled to occur in 2031.

With the issuance of the 2014B Bonds, project ed tax increment revenues are expected to provide coverage over debt service of 149%-241% over the life of the outstanding Bonds. With the dissolution of the Redevelopment Agency discussed above, Tax Increment is no longer distributed, and instead the Successor Agen cy receives payments from the County’s Redevelopment Property Tax Trust Fund (RPTTF) th at are to be used to fund debt service on the Bonds, with no distinction between housing and non-housing revenues.

Beginning in fiscal year 2012, under the provisi ons of the laws dissolving the Redevelopment Agency, the Successor Agency on ly receives the funds necessary to fulfill its approve d
obligations. Total tax increment available for distribution to the Successor Agency and other taxing entities for fiscal year 2022 calcula ted by the County Auditor-Controller was $8,716,550, and the total received by the Successor Agency for fiscal year 2022 debt service was $8,152,914, which represented coverage of 129% of the $6,332,750 of debt service.

With the issuance of the 2014A Bonds in Ju ne 2014, the Successor Agency entered into a Custody Agreement with the Co ntra Costa County Auditor-Controller and the Bond trustee ,
Wells Fargo Bank, under which the County will remit all amounts payable under the Recognized Obligation Payment Schedule (ROPS) to the Bond trustee. Upon receipt of funds from the County, the Bond trustee uses the funds to first pay the debt service on the Senior Bonds, followed by the debt se rvice for the Subordinate Bond s. Any funds remaining on deposit with the Bond trustee after the debt service payments are then transferred to the Successor Agency for payment of its other non-debt-service obligations.

F. Commitments
and Contingencies
State Approval of Enforceable Obligations
The Successor Agency prepares a Recognized Ob ligation Payment Schedule (ROPS) semi-annually that contains all proposed expenditures for the subsequent six-month period. The ROPS is subject to the review and approval of the Oversight Board as well as the State Department of Finance. Although th e State Department of Finance may not question item s included on the ROPS in one period, they may question the same items in a future period and disallo w associated activities. The amount, if any, of current obligations that may be denied by the State De partment of Finance cannot be determined at this time. The City expects such amounts, if any, to be immaterial. 77 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 14 – JOINT POWERS AGREEMENTS

A. West Contra Costa Integrated Waste Management Authority (WCCIWMA)

WCCIWMA was established in 1991 to coordinate la ndfill use reduction in the West Contra Costa County Area as mandated by the State of Cali fornia. The City was not required to make any contributions to WCCIWMA during fiscal year 2022. The City is represented by one Director.

Audited financial statements may be obtained fro m the WCCIWMA, care of the City of San Pablo, 1000 Gateway Avenue, San Pablo, CA 94806.

B. West Contra Costa Transporta tion Advisory Committee (WCCTAC)

WCCTAC was established in 1990 to develop region al strategies and meet regional requirements established by Measure C and to cooperatively address West Contra Costa County transportation issues. The City’s payments to WCCTAC are in accordance with a formula under which each member Agency pays a proportionate share of the expe nditures based on the nu mber of voting members representing each Agency. The City has one voting member on the WCCTAC and pays 9.1% of the expenditures. For fiscal year 2021-2022, the dues paid to WCCTAC were $49,664.

Audited financial statements may be obtained from the WCCTAC, 6333 Potrero Avenue, Suite 100, El Cerrito, CA 94530.

NOTE 15 – LEASE LIABILITY

As discussed in Note 1M, the City implemented GASB 87, Leases, in fiscal year 2022, which required the City to record a lease liability. A summary of governmental activities lease transactions for the fiscal year ended June 30, 2022, are as follows:

Balance
June 30, 2021 Balance Current
(as restated) Retirements June 30, 2022 Portion
Lease liability
Library lease $13,741,104 $85,933 $13,655,171 $88,547
Total lease liability $1 3,741,104 $85,933 $13,655,171 $88,547

The City entered into a lease agreement dated Sept ember 15, 2014 for library space located at 13751 San Pablo Avenue through February 2063. This agre ement does not contain a purchase option. An initial lease liability was recorded in the amount of $13,741,104 as of July 1, 2021. As of June 30, 2022, the value of the lease liabil ity was $13,655,171. The City is re quired to make monthly payments in amounts ranging from $41,416 to $61,052 over the life of the lease. The monthly lease payments are increased annually in the amount of 1%, commencing March 1, 2024. The lease has an interest rate of 3%. The intangible right-to-use lease asset is amortized over the life of the lease. As of June 30, 2022, the value of the right-to-use lease asset and a ccumulated amortization was $13,741,104 and $329,786, respectively.

78 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 15 – LEASE LIABILITIES

The future principal and interest lease payments as of June 30, 2022 were as follows:

For the Year
Ended June 30 Principal Interest Total
2023 $88,547 $408,444 $496,991
2024 92,903 405,745 498,648 2025 100,785 402,850 503,635 2026 108,956 399,715 508,671 2027 117,427 396,331 513,758 2028-2032 725,378 1,921,509 2,646,887 2033-2035 987,995 1,793,910 2,781,905 2036-2040 1,300,471 1,623,340 2,923,811 2041-2045 1,671,242 1,401,713 3,072,955 2046-2050 2,110,127 1,119,579 3,229,706 2051-2055 2,628,554 765,900 3,394,454 2056-2060 3,239,817 327,789 3,567,606 2061-2063 482,969 5,449 488,418 Totals $13,655,171 $10,972,274 $24,627,445

NOTE 16 – COMMITMENTS AND CONTINGENCIES

A. Litigation

The City is subject to litigation arising in the nor mal course of business. In the opinion of the City Attorney there is no presently file d litigation which is likely to have a material adverse effect on the financial position of the City.

B. Federal and State Grant Programs

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

C. Encumbrances

The City uses an encumbrance system as an extension of normal budgetary accounting for governmental funds. Under this system, purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that port ion of applicable appropriations.

Encumbrances outstanding at year-end are recorded as restricted, committed or assigned fund balance, depending on the classification of the resources to be used to liquidate the en cumbrance, since they do not constitute expenditures or liabilities. Outstandi ng encumbrances at year-end are automatically reappropriated for the following year. Unencumbered and unexpended appropriations lapse at year-end.

79 CITY OF SAN PABLO

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 16 – COMMITMENTS AND CONTINGENCIES (Continued)
Encumbrances outstanding as of June 30, 2022 were as follows:

Amount
Major Funds:

General Fund $2,157,237
Public Works Construction Capital Projects Fund 15,221,070 NonMajor Funds:

Gas Tax Special Revenue Fund 52,915
N.P.D.E.S. Special Revenue Fund 10,000
Street Lighting and Landscaping Special Revenue Fund 56,116 Dump Voucher 12,287
Traffic Congestion Relief Special Revenue Fund 299,674
Solid Waste Management Special Revenue Fund 333,922
80 REQUIRED SUPPLEMENTARY INFORMATION

REQUIRED SUPPLEMENTARY INFORMATION

CITY OF SAN PABLO, A COST-SHARING DEFINED BENEFIT PENSION PLAN

SCHEDULE OF THE CITY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY Last 10 Years*
Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 Plan's Proportion of the Net Pension Liability 0.33724% 0.41099% 0.40834% 0.41331% 0.42669% 0.43442% 0.44311% 0.64074% Plan's Proportionate Share of the Net Pension Liability $8,334,746 $11,275,238 $14,185,078 $16,292,956 $16,080,684 $17,396,184 $18,690 ,869 $12,166,401 Plan's Covered Payroll $5,540,261 $7,057,629 $7,383,158 $7,683,846 $6,938,272 $11,781,215 $10,348,908 $8,773,911 Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 150.44% 159.76% 192.13% 212.04% 231.77% 147.66% 180.61% 138.67% Plan's Fiduciary Net Position as a Percentage of the Plan’s Total Pension Liabilit
y 79.82% 78.40% 74.06% 73.31% 75.26% 75.26% 75.10% 88.29% * Fiscal year 2015 was the 1st year of implementation, therefore only eight years are shown.

Miscellaneous Plan
82 REQUIRED SUPPLEMENTARY INFORMATION

CITY OF SAN PABLO, A COST-SHARING DEFINED BENEFIT PENSION PLAN

SCHEDULE OF CONTRIBUTIONS
Last 10 Years*
Fiscal Year Ended June 30: 2015 2016 2017 2018 2019 2020 2021 2022 Actuarially determined contribution $658,427 $872,009 $999,873 $1,131,296 $1,286,271 $1,767,388 $1,493,135 $2,222,875 Contributions in relation to the actuarially determined contributions (658,427) (872,009) (999,873) (1,131,296) (1,286,271) (1,767,388) (1,493,135) (2,222,875) Contribution deficiency (excess) $0 $0 $0 $0 $0 $0 $0 $0 Covered payroll $7,057,629 $7,383,158 $7,683,846 $6,938,272 $11,781,215 $10,348,908 $8,773,911 $7,247,760 Contributions as a percentage of covered payroll 9.33% 11.81% 13.01% 16.31% 10.92% 17.08% 17.02% 30.67% * Fiscal year 2015 was the 1st year of implementation, therefore only eight years are shown.

Miscellaneous Plan
83 REQUIRED SUPPLEMENTARY INFORMATION

CITY OF SAN PABLO, A COST-SHARING DEFINED BENEFIT PENSION PLAN

SCHEDULE OF THE CITY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY Last 10 Years*
Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 Plan's Proportion of the Net Pension Liability 0.36611% 0.38625% 0.38625% 0.39888% 0.41251% 0.42057% 0.43224% 0.51771% Plan's Proportionate Share of the Net Pension Liability $13,732,752 $15,915,059 $20,687,669 $23,833,863 $24,204,484 $26,254,183 $28,79 7,616 $18,169,077 Plan's Covered Payroll $5,363,191 $5,551,419 $5,433,597 $5,220,618 $5,714,774 $11,777,820 $10,017,013 $7,414,125 Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 256.06% 286.68% 380.74% 456.53% 423.54% 222.91% 287.49% 245.06% Plan's Fiduciary Net Position as a Percentage of the Plan’s Total Pension Liability 79.82% 78.40% 74.06% 73.31% 75.26% 75.26% 75.10% 88.29% * Fiscal year 2015 was the 1st year of implementation, therefore only eight years are shown.

Safety Plan
84 REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CONTRIBUTIONS
Last 10 Years*
Fiscal Year Ended June 30: 2015 2016 2017 2018 2019 2020 2021 2022 Actuarially determined contribution $1,494,686 $1,663,467 $1,825,704 $2,131,854 $2,208,400 $3,011,431 $2,276,601 $3,661,411 Contributions in relation to the actuarially determined contributions (1,494,686) (1,663,467) (1,825,704) (2,131,854) (2,208,400) (3,011,431) (2,276,601) (3,661,411) Contribution deficiency (excess) $0 $0 $0 $0 $0 $0 $0 $0 Covered payroll $5,551,419 $5,433,597 $5,220,618 $5,714,774 $11,777,820 $10,017,013 $7,414,125 $7,448,818 Contributions as a percentage of covered payroll 26.92% 30.61% 34.97% 37.30% 18.75% 30.06% 30.71% 49.15% * Fiscal year 2015 was the 1st year of implementation, therefore only eight years are shown.

CITY OF SAN PABLO, A COST-SHARING DEFINED BENEFIT PENSION PLAN Safety Plan

85 REQUIRED SUPPLEMENTARY INFORMATION

CITY OF SAN PABLO AGENT MULTIPLE EMPLOYER RETIREE HEALTH SAVINGS PLAN

SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY/ (ASSET) AND RELATED RATIOS Last 10 fiscal years*
Measurement Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Total OPEB Liability
Service Cost $471,257 $419,630 $389,378 $207,595 $214,910 Interest 872,071 982,580 1,332,910 892,841 533,653
Differences between expected and actual experience 25,002 (2,878,555) (115,416) 86,591 Changes of assumptions 1,537, 074 1,550,237 (403,849) 2,819,831 1,177,318 Benefit payments - Including refunds of Employee Contributions (579,886) (486,360) (520,071) (511,963) (517,741) Benefit payments - Implicit Rate Subsidy Fulfilled (253,372) (168,244) (147,626) (17,700) (17,617) Net change in total OPEB liability/ (asset) 2,072,146 (580,712) 535,326 3,477,195 1,390,523 Total OPEB liability - beginning 12,713,610 13,294,322 12,758,996 9,281,801 7,891,278 Total OPEB liability - ending (a) $14,785,756 $12,713,610 $13,294,322 $12,758,996 $9,281,801 Plan fiduciary net position
Contributions - Employer City's Contributions $579,886 $486,360 $520,071 $511,963 $517,741 Contributions - Employer Implicit Subsidy 253,372 168,244 147,626 17,700 17,617 Net investment income (1,627,313) 3,252,106 284,654 488,698 793,503 Benefit payments - Including refunds of Employee Contributions (579,886) (486,360) (520,071) (511,963) (517,741) Benefit payments - Implicit Rate Subsidy Fulfilled (253,372) (168,244) (147,626) (17,700) (17,617) Net change in plan fiduciary net position (1,627,313) 3,252,106 284,654 488,698 793,503 Plan fiduciary net position - beginning 13,187,277 9,935,171 9,650,517 9,161,819 8,368,316 Plan fiduciary net position - ending (b) $11,559,964 $13,187,277 $9,935,171 $9,650,517 $9,161,819 Net OPEB liability (asset) - ending (a)-(b) $3,225,792 ($473,667) $3,359,151 $3,108,479 $119,982 Plan fiduciary net position as a percentage of the total OPEB liability 78.18% 103.73% 74.73% 75.64% 98.71% Covered payroll $15,999,016 $15,123,759 $12,321,331 $11,991,563 $12,161,432 Net OPEB liability (asset) as a percentage of covered payroll 20.16% -3.13% 27.26% 25.92% 0.99% * Fiscal year 2018 was the first year of implementation. 86 REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2022 2021 2020 2019 2018
Actuarially determined contribution $833,258 $744,516 $5 66,824 $231,532 $178,156 Contributions in relation to the
actuarially determined contribution 833,258 654,604 667, 697 529,663 535,358 Contribution deficiency (excess) $0 $89,912 ($100,873) ($298,131) ($357,202) Covered payroll $15,999, 016 $15,123,759 $12,321,331 $14,310,894 $12,161,432 Contributions as a percentage of
covered payroll 5.21% 4.33% 5.42% 3.70% 4.40%
Notes to Schedule
Valuation date: 6/30/2020 6/30/2020 6/30/2018 6/30/2018 6/30/2016 Methods and assumptions used to determine contribution rates:

Valuation Date 6/30/2020 6/30/2020 6/30/2018 6/30/2018 6/30/2016 Actuarial Assumptions:

Discount Rate 5.71% 6.83% 7.34% 7.36% 7.00%
Inflation 9.25% 1.75% 1.75% 2.50% 2.50%
Payroll Growth 2.75% 2.75% 2.75% 2.750% 2.875%
Investment Rate of Return 5.71% 6.83% 7.34% 7.36% 6.50% Mortality Rate CalPERS Rates Ca lPERS Rates CalPERS Rates CalPERS Rates CalPERS Rates Pre-Retirement Turnover CalPERS Rates CalPERS R ates CalPERS Rates CalPERS Rates CalPERS Rates Healthcare Trend Rate 7%, trending down to

4.04%.
7%, trending down to

4.04%.
6%, trending down to

3.84%.
7% trending down to

3.84%.
7% in the first year,
trending down to 3%
over 3 years.
* Fiscal year 2018 was the first year of implementation.

CITY OF SAN PABLO AGENT MULTIPLE EMPLOYER RETIREE HEALTH SAVINGS PLAN

SCHEDULE OF CONTRIBUTIONS
Last 10 fiscal years*
87 SUPPLEMENTAL INFORMATION

NON-MAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS

GAS TAX
This fund accounts for revenues and expenditures receiv ed from the State of Ca lifornia under Street and Highways Code Section 2105, 2106, 2107 and 2107.5. The allocations must be spent for street maintenance and construction and a limited amount for engineering.

PUBLIC SAFETY
This fund accounts for sales tax allocations required pursuant to Proposition 172. These funds are used to fund public safety activities.

N.P.D.E.S.

This fund accounts for revenues and e xpenditures from assessments levied on all real property in the City in compliance with the provisions of the National Pollution Discharge Elimination System.

DEVELOPMENT SERVICES
This fund accounts for revenues generated from permit and inspection fees and disburses funds to support this activity.

MEASURE C / J
This fund accounts for the portion of the half-cent C ounty-wide sales tax levied to fund transportation improvements to local streets.

ASSET SEIZURES
This fund accounts for revenues received from both adjudicated and unadjudicated sales of assets seized during

drug-related arrests and disburses these funds for authorized public safety activities.

PARATRANSIT
This fund accounts for revenues received from the portion of the half cent County-wide sales tax levied to fund expenditures for paratransit service.

STREET LIGHTING AND LANDSCAPING
This fund accounts for assessments made upon parcels of land within the Street Lighting and Landscaping District and disburses funds in accordance with the prov isions of the State of California Streets and Highway Code.
91 NON-MAJOR GOVERNMENTAL FUNDS (Continued)

TRAFFIC CONGESTION RELIEF

This fund accounts for the revenues received from the State of California under AB2928. The allocations must be spent on local streets and roads maintenance, reha bilitation and reconstruction projects according to the State’s Traffic Congestion Relief Plan.

HCD GRANT

This fund accounts for revenues received under State Housing of Community Development and for CALHOME activities approved and subject to state regulations.

MEASURE K

This fund accounts for revenues from Sales Tax Measure K that provides a quarter (1/4) cent sales tax in perpetuity to fund emergency medical services at County Fire Station #70 in San Pablo.

DEBT SERVICE FUND

2018 JPFA LEASE REVENUE BONDS

This fund accounts for capital improvement projects funded by the proceeds of the 2018 JPFA Lease Revenue Bonds.
92 CITY OF SAN PABLO

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2022

SPECIAL REVENUE FUNDS
Development
Gas Tax Public Safety N.P.D.E.S. Services Measure C / J ASSETS
Cash and investments available for operations $131,607 $548,242 $1,054,853 $3,260,543 Restricted cash and investments
Accounts receivable 172,384 42,113 $107,495 Total Assets $303,991 $590,355 $107,495 $1,054,853 $3,260,543

LIABILITIES
Accounts payable and accrued liabilities $89,595 $9,591 $120,444 Due to other funds 131,049
Deposits payable 41,036
Total Liabilities 89,595 140,640 161,480

FUND BALANCES
Restricte
d 214,396 $590,355 893,373 $3,260,543
Unassigned (33,145)
Total Fund Balance 214,396 590,355 (33,145) 893,373 3,260,543 Total Liabilities and Fund Balances $303,991 $590,355 $107,495 $1,054,853 $3,260,543 94 Street Traffic
Asset Lighting and Congestion HCD
Seizures Paratransit Landscaping Relief Grant Measure K $137,264 $530,760 $857,735 $224,669 $97,989
9,061 $262,306
$137,264 $539,821 $857,735 $224,669 $97,989 $262,306
$46,819 $6,942 $68,484
$263,205
566,017
46,819 6,942 634,501 263,205
90,445 532,879 223,234 $224,669 $97,989
(899)
90,445 532,879 223,234 224,669 97,989 (899)
$137,264 $539,821 $857,735 $224,669 $97,989 $262,306
(Continued)

SPECIAL REVENUE FUNDS
95 CITY OF SAN PABLO

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2022
DEBT

SERVICE FUND
Total
2018 Nonmajor
JPFA Lease Governmental
Revenue Bonds Funds
ASSETS
Cash and investments available for operations $6,843,662 Restricted cash and investments $83 83
Accounts receivable 593,359
Total Assets $83 $7,437,104

LIABILITIES
Accounts payable and accrued liabilities $341,875
Due to other funds 394,254
Deposits payable 607,053
Total Liabilities 1,343,182

FUND BALANCES
Restricte
d $83 6,127,966
Unassigned (34,044)
Total Fund Balance 83 6,093,922
Total Liabilities and Fund Balances $83 $7,437,104
96 CITY OF SAN PABLO

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2022

SPECIAL REVENUE FUNDS
Development
Gas Tax Public Safety N.P.D.E.S. Services Measure C / J

REVENUES
Property taxes
Sales tax $163,385 $504,608
Licenses and permits $402,198
Intergovernmental $1,422,477 161,285 $340,290
Charges for services 1,115,539
Use of money and property (2,952) (7,001) (81,910)
Miscellaneous (7,110) 13,274 6,153
Total Revenues 1,412,415 317,669 353,564 1,523,890 422,698

EXPENDITURES
Current:

General Governmen
t
Community:

Development 1,467,237
Public Works & Engineering 2,316,838 636,721
Capital outlay 2,180
Debt Service:

Principal retirement
Interest and fiscal charges
Total Expenditures 2,319,018 636,721 1,467,237

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (906,603) 317,669 (283,157) 56,653 422,698

OTHER FINANCING SOURCES (USES)
Transfers in 1,111,333 250,012 836,720
Transfers (out) (567,806) (287,161) (20,000)
Total Other Financing Sources (Uses) 543,527 (287,161) 250,012 836,720 (20,000) NET CHANGE IN FUND BALANCES (363,076) 30,508 (33,145) 893,373 402,698 Fund balances (deficits) at beginning of yea
r 577,472 559,847 2,857,845
FUND BALANCES AT END OF YEAR $214,396 $590,355 ($33,145) $893,373 $3,260,543 98 SPECIAL REVENUE FUNDS
Street Traffic
Asset Lighting an d Congestion HCD
Seizures Paratransit Landscaping Relief Grant Measure K $837,405
$1,025,357
$274,252
($4,355) (12,924) (22,853) ($6,105) ($2,662) 1,327
2,620 10,882 20,000
(1,735) 272,210 834,552 (6,105) (2,662) 1,026,684
8,113 1,612,800
313,777
1,237,626
313,777 1,245,739 1,612,800
(1,735) (41,567) (411,187) (6,105) (2,662) (586,116)
106,071 518,920 585,217
(32,758)
106,071 486,162 585,217
(1,735) 64,504 74,975 (6,105) (2,662) (899)
92,180 468,375 148,259 230,774 100,651
$90,445 $532,879 $223,234 $224,669 $97,989 ($899)
(Continued)
99 CITY OF SAN PABLO

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2022

DEBT SERVICE
FUND
Total
2018 Nonmajo r
JPFA Lease Governmental
Revenue Bonds Funds

REVENUES
Property taxes $837,405
Sales tax 1,693,350
Licenses and permits 402,198
Intergovernmental 2,198,304
Charges for services 1,115,539
Use of money and property $5 (139,430)
Miscellaneous 45,819
Total Revenues 5 6,153,185

EXPENDITURES
Current:

General Governmen
t 1,620,913
Community:

Development 1,781,014
Public Works & Engineering 4,191,185
Capital outlay 2,180
Debt Service:

Principal retirement 245,000 245,000
Interest and fiscal charges 563,213 563,213
Total Expenditures 808,213 8,403,505

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (808,208) (2,250,320)

OTHER FINANCING SOURCES (USES)
Transfers in 808,213 4,216,486
Transfers (out) (907,725)
Total Other Financing Sources (Uses) 808,213 3,308,761
NET CHANGE IN FUND BALANCES 5 1,058,441
Fund balances (deficits) at beginning of yea
r 78 5,035,481
FUND BALANCES AT END OF YEAR $83 $6,093,922
100

CITY OF SAN PABLO

BUDGETED NON-MAJOR GOVERNMENTAL FUNDS

COMBINING SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2022

SPECIAL REVENUE FUNDS

GAS TAX PUBLIC SAFETY
Variance Variance
Positive Positive
Budget Actual (Negative) Budge t Actual (Negative)

REVENUES
Property taxes
Sales tax $145,139 $163,385 $18,246
Licenses and permits
Intergovernmental $1,440,908 $1,422,477 ($18,431) 151,294 161,285 9,991 Charges for services
Use of money and property (2,952) (2,952) 7,190 (7,001) (14,191) Miscellaneous (7,110) (7,110)
Total Revenues 1,440,908 1,412,415 (28,493) 303,623 317,669 14,046

EXPENDITURES
Current:

General Governmen
t
Community:

Development
Public Works & Engineering 2,548,031 2,316,838 231,193
Capital outlay 41,249 2,180 39,069
Total Expenditures 2,589,280 2,319,018 270,262

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (1,148,372) (906,603) 241,769 303,623 317,669 14,046

OTHER FINANCING SOURCES (USES)
Transfers in 1,111,333 1,111,333
Transfers (out) (567,806) (567,806) (145,139) (287,161) (142,022) Total Other Financing Sources (Uses) 543,527 543,527 (145,139) (287,161) (142,022) NET CHANGE IN FUND BALANCES ($604,845) (363,076) $241,769 $158,484 30,508 ($127,976) Fund balances at beginning of yea
r 577,472 559,847
FUND BALANCES AT END OF YEAR $214,396 $590,355
102

SPECIAL REVENUE FUNDS
N.P.D.E.S. DEVELOPMENT SERVICES MEASURE C / J
Variance Variance Variance
Positive Positive Positive
Budget Actual (Negative) Budge t Actual (Negative) Budge t Actual (Negative) $454,002 $422,698 ($31,304)
$377,036 $402,198 $25,162
$341,786 $340,290 ($1,496)
638,088 1,115,539 477,451
33,087 (33,087)
13,274 13,274 3,513 6,153 2,640
341,786 353,564 11,778 1,018,637 1,523,890 505,253 487,089 422,698 (64,391) 1,859,027 1,467,237 391,790
584,570 636,721 (52,151)
584,570 636,721 (52,151) 1,859,027 1,467,237 391,790
(242,784) (283,157) (40,373) (840,390) 56,653 897,043 487,089 422,698 (64,391) 250,012 250,012 836,720 836,720
(20,000) (20,000)

250,012 250,012 836,720 836,720 (20,000) (20,000)
$7,228 (33,145) ($40,373) ($3,670) 893,373 $897,043 $467,089 402,698 ($64,391) 2,857,845
($33,145) $893,373 $3,260,543
(Continued)
103

CITY OF SAN PABLO

BUDGETED NON-MAJOR GOVERNMENTAL FUNDS

COMBINING SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2022

ASSET SEIZURES PARATRANSIT
Variance Variance
Positive Positive
Budget Actual (Negative) Budge t Actual (Negative)

REVENUES
Property taxes
Sales tax
Licenses and permits
Intergovernmental $281,208 $274,252 ($6,956)
Charges for services
Use of money and property $1,162 ($4,355) ($5,517) 5,648 (12,924) (18,572) Miscellaneous 2,620 2,620 4,043 10,882 6,839
Total Revenues 1,162 (1,735) (2,897) 290,899 272,210 (18,689)

EXPENDITURES
Current:

General Governmen
t
Community:

Development 417,171 313,777 103,394
Public Works & Engineering
Capital outlay
Total Expenditures 417,171 313,777 103,394

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 1,162 (1,735) (2,897) (126,272) (41,567) 84,705

OTHER FINANCING SOURCES (USES)
Transfers in 106,071 106,071
Transfers (out)
Total Other Financing Sources (Uses) 106,071 106,071
NET CHANGE IN FUND BALANCES $1,162 (1,735) ($2,897) ($20,201) 64,504 $84,705 Fund balances at beginning of year 92,180 468,375
FUND BALANCES AT END OF YEAR $90,445 $532,879

SPECIAL REVENUE FUNDS
104

SPECIAL REVENUE FUNDS

STREET LIGHTING AND LANDSCAPING
Variance
Positive
Budget Actual (Negative)
$822,100 $837,405 $15,305
9,136 (22,853) (31,989)
40,000 20,000 (20,000)
871,236 834,552 (36,684)
1,500 8,113 (6,613)
1,471,783 1,237,626 234,157
67,000 67,000
1,540,283 1,245,739 294,544
(669,047) (411,187) 257,860
518,920 518,920
(32,500) (32,758) (258)
486,420 486,162 (258)
($182,627) 74,975 $257,602
148,259
$223,234
105

CUSTODIAL FUNDS
GASB Statement 34 requires that Custodial Funds be presented separately from the Government-wide and Fund financial statements.

Custodial Funds account for assets held by the City as an agent for individuals, governmental entities and non- public organizations.

COMMUNITY ORGANIZATIONS AND ACTIVITIES
This fund accounts for deposits held as an agent for community organizations and activities.

WEST CONTRA COSTA TRANSPORTATION ADVISORY COMMITTEE

This fund accounts for assets belonging to the West Contra Costa Transportation Advisory Committee held as an agent by the City, which maintains the Committee’s books and accounts.

WEST CONTRA COSTA INTEGRATED WASTE MANAGEMENT AUTHORITY This fund accounts for assets belonging to the West Contra Costa Integrated Waste Management Authority held as an agent by the City, which maintains the Authority’s books and accounts. 107
West Contra Costa West Contra Costa
Community Transportation Inte grated
Organizations Advisor y Waste Management
and Activities Committee Authorit y Total
Assets:

Restricted cash and investments $830,990 $8,754,716 $2,438,885 $12,024,591 Accounts receivable 55,659 95,222 150,881
Prepaids 17,410 17,410
Total Assets 830,990 8,810,375 2,551,517 12,192,882
Liabilities:

Accounts payable 5,090 45,721 50,811
Unearned revenue 40,001 32,526 72,527
Deposits payable 11,153 11,153
Total Liabilities 16,243 40,001 78,247 134,491
Net Position:

Restricted for:

Held for other entities 814,747 8,770,374 2,473,270 12,058,391 Total Net Position $814,747 $8,770,374 $2,473,270 $12,058,391

CITY OF SAN PABLO

FIDUCIARY CUSTODIAL FUNDS

COMBINING STATEMENT OF FIDUCIARY NET POSITION
June 30, 2022
108
West Contra Costa West Contra Costa
Community Transportation Inte grated
Organizations Advisor y Waste Management
and Activities Committee Authorit y Total
Additions:

Bingo revenues $142,176 $142,176
Member contributions $531,744 531,744
Grants and contributions 1,679,469 1,679,469
Charges for services 11,760 $1,137,836 1,149,596
Interest and other (25,846) 12,481 4,227 (9,138)
Total Additions 128,090 2,223,694 1,142,063 3,493,847
Deductions:

Personnel-related 897,417 1,547,748 2,445,165
Professional services 157,093 59,853 216,946
Pro
gram-related 98,886 397,821 81,850 578,557
Total Deductions 98,886 1,452,331 1,689,451 3,240,668
Change in net position 29,204 771,363 (547,388) 253,179 Net Position - Beginning 785,543 7,999,011 3,020,658 11,805,212 Total Net Position $814,747 $8,770,374 $2,473,270 $12,058,391

CITY OF SAN PABLO

FIDUCIARY CUSTODIAL FUNDS

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION June 30, 2022
109

STATISTICAL SECTION
This part of the City’s Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about
the City’s overall financial health. In contrast to the fi nancial section, the statistical section information is not subject to independent audit.

Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial performance and wellbeing have changed over time:

1. Net Position by Component

2. Changes in Net Position

3. Fund Balances of Governmental Funds

4. Changes in Fund Balance of Governmental Funds
Revenue Capacity
These schedules contain information to help the reader assess the City’s most significant local revenue source, the property tax:

1. Assessed and Estimated Actual Value of Taxable Property

2. Property Tax Rates, All Overlapping Governments

3. Principal Property Taxpayers

4. Property Tax Levies and Collections
Debt Capacity
These schedules present information to help the reader assess the affordabi lity of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future:

1. Ratio of Outstanding Debt by Type

2. Computation of Direct and Overlapping Debt

3. Computation of Legal Bonded Debt Margin

4. Bonded Debt Pledged Revenue Coverage, Redevelopment Agency Tax Allocation Bonds

5. Continuing Disclosure Requirements - Debt Service Coverage Schedule Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place:

1. Demographic and Economic Statistics

2. Principal Employers
Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs:

1. Full-Time Equivalent City Government Employees by Function

2. Operating Indicators by Function/Program

3. Capital Asset Statistics by Function/Program
Sources
Unless otherwise noted, the information in these schedules is derived from the Annual Financial Reports for the relevant year.
111

CITY OF SAN PABLO
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2013 (A) 2014 2015 (B) 2016 2017 2018 2019 2020 2021 2022 Governmental activities
Net investment in
capital assets $60,286,124 $58,716,354 $59,671,326 $59,552,820 $65,203,760 $74,150,591 $86,551,977 $105,886,032 $94,823,104 $110,624,020 Restricted 23,589,889 24,793,010 24,843,522 25,307,852 25,912,314 12,096,519 13,029,241 14,094,165 20,513,642 19,239,898 Unrestricted 35,928,112 21,808,206 30,508,198 41,969,726 39,526,263 46,421,552 42,547,901 31,228,713 33,595,353 30,488,187 Total governmental activities
net position $119,804,125 $105,317,570 $115,023,046 $126,830,398 $130,642,337 $132,668,662 $142,129,119 $151,208,910 $148,932,099 $160,35 2,105 (A) The City im
plemented the provisions of GASB Statement 63 in fiscal year 2013, which replaced the term “net assets” with the term “net position.” (B) The City im
plemented the provisions of GASB Statements 68 and 71 in fiscal year 2015, which required the restatement of net position, however, am
ounts prior to 2015 have not been restated.
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
2013
(A)
2014 2015
(B)
2016 2017 2018 2019 2020 2021 2022
Thousands
Net investment in capital assets Restricted Unrestricted 113
Fiscal Year Ended June 30,
2013(b) 2014 2015(c) 2016
Expenses
Governmental Activities:

General Government $5,680,263 $5,918,919 $5,868,035 $10,749,217 Community
Recreation 1,342,621 1,306,695 1,417,109 1,613,344
Development 1,176,592 1,115,441 1,538,176 1,351,207
Housing 13,600 12,100 23,000
Public Works & Engineering 8,064,981 7,304,089 9,591,938 7,253,853 Police 15,393,927 14,959,000 15,207,587 13,239,813
Interest and fiscal charges 1,069,642 1,035,279
Total Governmental Activities Expenses 31,671,984 30,616,244 34,692,487 35,265,713 Program Revenues
Governmental Activities:

Charges for Services:

General Government
218,312 522,654 612,276 435,262
Community:

Recreation
245,934 236,757 321,941 334,418
Development 527,404 561,699 483,379 504,454
Public Works & Engineering 143,158 168,230 225,034 187,923 Police 486,569 396,612 666,228 569,627
Operating Grants and Contributions 1,930,939 1,962,725 2,064,275 1,679,873 Capital Grants and Contributions 1,846,299 7,078,669 5,202,454 4,562,945 Total Government Activities Program Revenues 5,398,615 10,927,346 9,575,587 8,274,502 Net (Expense)/Revenue
Governmental Activities
(26,273,369) (19,688,898) (25,116,900) (26,991,211)
General Revenues and Other
Changes in Net Position
Governmental Activities:

Taxes:

Property Taxes
1,229,599 1,515,310 1,676,678 1,562,739
Incremental Property Taxes
Sales Taxes
2,253,736 2,912,396 3,803,069 4,168,439
In-Lieu Sales Tax 468,552 548,465 490,239 406,799
Utility Users Tax 2,473,792 2,553,955 2,467,509 2,572,145 Transient Occupancy Taxes 356,177 424,570 455,006 523,213 Franchise Taxes 627,473 719,358 884,123 790,828
Payment in Lieu of taxes 1,792,638 1,828,490 1,865,060 1,902,362 Casino contract revenues 17,388,179 18,291,111 19,701,338 22,986,063 Other Taxes (a) 109,928 114,542 132,130 157,190
Intergovernmental unrestricted:

Motor Vehicle In-Lieu Fees 1,654,714 1,713,415 1,961,310 2,158,330 Use of Money and Property 238,115 246,226 633,516 865,048 Gain on Sale of Property
Miscellaneous
167,902 320,447 545,773 705,407
Special item - assets transferred from Successor Agency 1,534,820 206,625 Extraordinary items - assets transferred to/liabilities assumed from (by) Successor Agency (1,176,610)
assumed from EDC
Total Governmental Activities 27,584,195 32,723,105 34,822,376 38,798,563 Change in Net Position after Special Item
Governmental Activities $1,310,826 $13,034,207 $9,705,476 $11,807,352 (a) Includes business licenses previously included in Other Taxes. (b) The City implemented the provisions of GASB Statement 63 in fiscal year 2013, which replaced the term “net assets” with the term “net position.” (c) The City implemented the provisions of GASB Statements 68 and 71 in fiscal year 2015, however amounts prior to 2015 have not been restated.

CITY OF SAN PABLO
Changes in Net Position
Last Ten Fiscal Years
(Accrual Basis of Accounting)
114
2017 2018 2019 2020 2021 2022
$11,105,576 $10,840,251 $12,006,415 $16,802,527 $16,770,379 $16,172,199 333,076 256,371 311,538 3,368,316 2,669,889 2,478,905
4,332,370 4,961,457 5,886,370 2,388,458 8,883,785 5,276,529 17,793 23,810 28,930 83,482 92,370 117,624
7,970,136 7,784,816 8,622,447 7,392,827 7,043,052 7,972,673 17,438,358 18,525,592 20,525,816 22,166,487 22,209,621 23,239,924 925,564 1,331,646 1,558,865 1,162,515 1,150,307 3,928,465 42,122,873 43,723,943 48,940,381 53,364,612 58,819,403 59,186,319 1,119,770 524,488 236,032 404,002 252,246
127,698 52,022 40,957 41,665 20,035
1,154,979 1,216,911 1,133,536 1,161,264 845,607 1,361,181 138,126 246,289 645,376 277,611 191,144 846,732
522,678 1,009,555 900,657 695,885 819,362 1,070,929
929,109 1,271,647 2,325,867 3,227,455 2,460,329 6,883,452 1,438,055 1,955,492 7,096,432 2,483,913 1,070,768 7,428,316 5,430,415 6,276,404 12,142,825 8,123,825 5,791,212 17,862,891 (36,692,458) (37,447,539) (36,797,556) (45,240,787) (53,028,191) (41,323,428) 2,011,222 2,442,226 2,943,210 3,354,755 2,410,402 2,750,176 4,601,301 4,293,283 3,854,079 4,119,326 4,801,115 5,049,824 2,686,980 2,650,707 2,548,455 2,532,147 2,731,594 2,864,920 523,513 565,474 636,322 235,597 666,643 569,390
935,005 900,299 947,557 901,680 927,262 979,688
1,940,410 1,979,218 2,018,802 2,059,177 2,100,360 2,142,368 24,213,462 26,197,153 27,735,698 21,735,943 26,811,866 29,966,698 82,602 87,911 83,611 116,591 123,084 87,679
2,317,615 2,487,919 2,666,964 2,844,696 2,994,786 3,126,924 190,354 849,714 2,404,371 2,813,630 378,818 262,365
4,198,761 9,061
1,001,933 834,155 418,944 620,873 2,606,689 4,934,341
12,540,358
40,504,397 43,288,059 46,258,013 53,874,773 50,751,380 52,743,434 $3,811,939 $5,840,520 $9,460,457 $8,633,986 ($2,276,811) $11,420,006 Fiscal Year Ended June 30,
115
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Fund
Nonspendable $28,503 $45,219 $5,402,621 $5,384,995 $5, 367,811 $5,341,934 $5,318,053 $5,336,415 $5,347,633 $12,825 Restricted 1,000,000 3,753,733
Assigned 227,579 763,614 145,329 1,315,623 895,605 1,924,937 5,018,720 2,705,823 2,705,823 7,825,000 Unassigned 23,285,950 31,512,493 37,596,248 50,715,535 54,246,048 50,765,118 50,750,360 49,537,936 55,326,474 56,568,821 Total General Fund $23,542,032 $32,321,326 $43,144,198 $57,416, 153 $60,509,464 $58,031,989 $61,087,133 $57,580,174 $64,379,930 $68,160,37 9( a ) All Other Governmental Funds
Restricted $8,117,456 $9,387,695 $17,266,389 $17,900,895 $18,551,388 $34,725,598 $33,584,302 $21,940,445 $19,513,642 $47,370,557 Assigned 4,365,599 9,082,664 4,010,660 300,282
Unassigned (113,266) (2,192,718) (782,655) (3,973,966) (399,857) (34,044) Total all other governmental funds $12,483,055 $18,470, 359 $21,277,049 $18,087,911 $16,358,670 $33,942,943 $29,610,336 $21,540,588 $19,513,642 $47,336,513 (a) (a) The change in total fund balance for the General Fund and other governmental funds is explained in the Management's Discussion & Analysis.

Fiscal Year Ended June 30,

CITY OF SAN PABLO
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Thousands
Nonspendable Restricted Committed Assigned Unassigned
116

CITY OF SAN PABLO
Changes in Fund Balance of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
2013 2014 2015 2016 2017
Revenues
Property taxes $1,083,129 $1,515,310 $1,676,678 $1,562,739 $1,716,156 Sales taxes 2,561,567 3,272,038 4,188,421 5,019,746 5,002,384 In-lieu sales tax 468,552 548,465 490,239 406,799
Utility users tax 2,473,792 2,553,955 2,467,509 2,572,145 2,686,980 Casino contract revenues 17,105,522 17,951,434 19,390,922 22,665,705 23,876,317 Other taxes 2,862,216 3,064,960 3,304,319 3,334,876 3,474,030 Licenses and permits 282,657 339,677 310,416 320,358 337,145 Fines and forfeits 199,033 178,497 250,670 253,290 242,120 Intergovernmental 5,341,904 10,466,512 9,707,728 7,946,402 4,936,968 Charges for services 1,324,955 1,622,447 1,435,849 1,347,066 1,547,551 Use of money and property 886,060 494,277 1,076,231 1,303,736 1,269,461 Miscellaneous 105,815 265,763 211,850 296,132 881,219
Total Revenues 34,695,202 42,273,335 44,510,832 47,028,994 45,970,331 Expenditures
Current:

General government 5,644,563 5,798,844 6,151,008 10,812,295 10,629,175 Community
Recreation 1,198,105 1,173,065 1,321,969 1,490,995 73,015 Development 1,116,502 1,097,422 1,572,053 1,417,014 4,203,880 Housing 1,850 12,100 23,000 17,793
Public Works & Engineering 3,108,904 3,153,976 3,458,187 3,360,427 4,064,962 Police 14,879,348 14,858,753 15,435,553 13,753,176 14,927,935 Capital outlay 11,656,245 2,912,525 18,095,578 4,215,533 9,598,715 Debt service:

Principal repayment 85,000 354,982 470,234
Interest and fiscal charges 778,547 737,339 620,552
Total Expenditures 37,605,517 29,006,685 46,897,895 36,164,761 44,606,261 Excess (deficiency) of revenues over
(under) expenditures (2,910,315) 13,266,650 (2,387,063) 10,864,233 1,364,070 Other Financing Sources (Uses)
Transfers in 8,671,125 3,904,184 7,075,398 5,721,373 11,860,143 Transfers (out) (8,671,125) (3,904,184) (7,075,398) (5,721,373) (11,860,143) Proceeds or gain from sale of property 218,584
Capital leases
Issuance of debt 1,141,738 15,810,000
Total Other Financing Sources (Uses) 1,141,738 15,810,000 218,584 Special and Extraordinary Items
Assets transferred to Housing Successor 358,210 206,625 Assets assumed by City from EDC
Total Special and Extraordinary Items 358,210 206,625
Change in Fund Balance ($2,910,315) $14,766,598 $13,629,562 $11,082,817 $1,364,070 Debt service as a percentage of
noncapital expenditures N/A N/A 2.9% 3.4% 3.1%
Fiscal Year Ended June 30,
118
2018 2019 2020 2021 2022
$2,063,312 $2,616,083 $2,375,632 $2,094,996 $2,417,901
4,722,680 4,307,705 4,598,308 5,264,058 5,554,432
2,650,707 2,548,455 2,532,147 2,731,594 2,864,920
25,826,897 27,365,635 21,345,016 26,442,053 29,564,500
3,532,902 3,686,292 3,313,045 3,817,349 3,779,125
370,256 370,063 390,927 369,813 402,198
202,854 274,696 274,605 230,215 288,531
6,032,257 11,549,795 8,919,794 8,438,419 18,130,170
2,053,387 1,909,493 1,607,626 1,455,496 1,974,157
1,279,434 3,705,125 4,131,811 1,356,725 1,338,354
968,047 723,384 520,519 4,528,879 4,779,682
49,702,733 59,056,726 50,009,430 56,729,597 71,093,970
10,446,232 11,557,521 14,432,447 15,126,284 14,819,312
72,048 3,244,089 2,521,481 2,334,965
4,868,887 5,753,056 1,645,169 1,688,066 1,781,014
23,810 28,930 83,482 92,370 117,624
4,618,334 4,130,144 4,303,635 4,710,959 4,862,452
16,028,684 18,127,752 18,663,853 19,305,127 20,303,996
13,758,852 18,621,834 17,587,385 6,187,747 9,571,186
1,480,988 971,063 909,367 1,174,446 10,775,013
1,019,327 1,238,996 1,162,515 1,150,307 3,648,306
52,245,114 60,501,344 62,031,942 51,956,787 68,213,868
(2,542,381) (1,444,618) (12,022,512) 4,772,810 2,880,102 15,548,139 17,446,437 30,503,098 13,502,244 20,775,175
(15,548,139) (17,446,437) (30,503,098) (13,502,244) (20,775,175) 9,110
2,491,334
15,325,000 34,043,108
17,816,334 34,052,218
(5,329,000)
(5,329,000)
$15,273,953 ($1,444,618) ($12,022,512) $4,772,810 $31,603,320

6.6% 5.2% 4.6% 5.1% 21.2%
Fiscal Year Ended June 30,
119
Value of Redevelopment Agency Property Total
Value of City Property Subject to Local Tax Rate Subject to Local Tax Rate Direct Fiscal Secured Unsecured Tenth Total Estimated Tax
Year Propert y Property Total Township Le gacy Total Assessed (a) Full Market (a) Rate (b) 2013 $277,310,622 $89,243,515 $366,554,137 $811,535,168 $60,048,453 $871,583,621 $1,238,137,758 $1,238,137,758 0.098% 2014 330,899,170 44,270,604 375,169,774 834,582,578 78,654,747 913,237,325 1,288,407,099 1,288,407,099 0.097% 2015 335,045,384 44,184,743 379,230,127 960,892,754 124,112,087 1,085,004,841 1,464,234,968 1,464,234,968 0.108% 2016 463,757,740 46,435,464 510,193,204 1,071,145,726 146,395,899 1,217,541,625 1,727,734,829 1,727,734,829 0.108% 2017 464,841,204 45,076,140 509,917,344 1,161,517,848 168,678,121 1,330,195,969 1,840,113,313 1,840,113,313 0.108% 2018 474,524,495 45,161,702 519,686,197 1,260,975,983 193,665,594 1,454,641,577 1,974,327,774 1,974,327,774 0.108% 2019 485,479,027 48,519,738 533,998,765 1,353,539,647 214,666,027 1,568,205,674 2,102,204,439 2,102,204,439 0.107% 2020 483,615,982 47,196,414 530,812,396 1,446,048,102 237,976,780 1,684,024,882 2,214,837,278 2,214,837,278 0.107% 2021 491,998,972 45,595,290 537,594,262 1,534,108,689 254,278,937 1,788,387,626 2,325,981,888 2,325,981,888 0.107% 2022 534,812,243 45,789,861 580,602,104 1,602,473,068 268,531,738 1,871,004,806 2,451,606,910 2,451,606,910 0.082% Source: Contra Costa County Auditor Controller Office Certificate of Assessed Valuations (a) The State Constitution requires property to be assessed at one hundred percent of the mos t
recent purchase price, plus an increment of no more than two percent annually, plus any local over-rides. These values are considered to be full market values. (b) California cities do not set their own direct tax rate. The state constitution establishes the rate at 1% and allocates a portion of that amount, by an annual calculation, to all the taxing entities within a tax rate area.

CITY OF SAN PABLO

ASSESSED AND ESTIMATED ACTUAL

VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Millions
City - Secured Property City - Unsecured Property Redevelopment Agency 120

CITY OF SAN PABLO

PROPERTY TAX RATES

ALL OVERLAPPING GOVERNMENTS

LAST TEN FISCAL YEARS
Direct and Overlapping Rates
Direct and Overlapping Rates
Basic Bay East Bay West Total City's Redevelop-
County Area Regional Contra Costa Direct and Share of ment Total Fiscal Wide Rapid Park Unified School Community Overlapping 1% Levy per Agency Direct Year Levy (a) Transit District District College Rates (b) Prop 13 (c) Rate (d) Rate (e) 2013 1.00000 0.00430 0.00510 0.21570 0.00870 1.23380 0.09828 0.00000 0.77265 2014 1.00000 0.00750 0.00780 0.28180 0.01330 1.31040 0.09828 0.00000 0.09750 2015 1.00000 0.00450 0.00850 0.28030 0.02520 1.31850 0.09828 0.00000 0.09749 2016 1.00000 0.00260 0.00670 0.27810 0.02200 1.30940 0.09828 0.00000 0.10805 2017 1.00000 0.00800 0.00320 0.26040 0.01200 1.28360 0.09828 0.00000 0.10792 2018 1.00000 0.00840 0.00210 0.23970 0.01140 1.26160 0.09828 0.00000 0.10755 2019 1.00000 0.00700 0.00210 0.02390 0.01100 1.04400 0.09828 0.00000 0.10735 2020 1.00000 0.01200 0.00940 0.23790 0.01880 1.27810 0.09828 0.00000 0.10738 2021 1.00000 0.01390 0.00140 0.24320 0.01610 1.27460 0.09828 0.00000 0.10724 2022 1.00000 0.00600 0.00200 0.29390 0.01760 1.31950 0.09828 0.00000 0.08190 Source: HdL Coren & Cone, Contra Costa County Assessor
(a) In 1978, California voters passed Proposition 13 which set the prope rty tax rate at a 1% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the, 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. (b) Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapp ing rates apply to all City property owners.
(c) City's share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value wi thin the City.

ERAF general fund tax shifts may not be included in tax ratio figures. (d) Redevelopment Agency (RDA) rate is based on the largest RDA tax rate area (TRA) and includes only rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values.

The approval of ABX1 26 eliminated Redevelopment from the State of California for fiscal year 2013 and years thereafter. (e) Total Direct Rate is the weighted average of all individua l direct rates applied by the government preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved during 2012/2013. For the purposes of this report, residual revenue is assumed to be distributed to the City in the same proportions as general fund revenue. $0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Per Hundred $
Direct and Overlapping Rates
Community College West Contra Costa Unified School District East Bay Regional Park District Bay Area Rapid Transit Basic County Wide Levy 121

CITY OF SAN PABLO
Principal Property Taxpayers
Current Year and Nine Years Ago
2021-2022 2012-2013
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
Save Mart Portfolio Owner NLP $38,982,475 1 1.59% $13,310,954 6 1.08% Lytton Rancheria of CA 28,259,394 2 1.15%
Donahue Schriber Realty Group 24,782,251 3 1.01% 17,593,985 2 1.42% The Marlborough One Family LP 19,750,000 4 0.81%
CC San Pablo LP 18,124,945 5 0.74% 15,689,814 4 1.27%
San Pablo Retail Partners II 17,044,188 6 0.70% 16,979,244 3 1.37% Menlo Land and Capital XII LLC 13,912,654 7 0.57%
Public Storage INC 12,089,439 8 0.49% 10,442,015 7 0.84% Manuel and Elba Gomez LLC 9,186,624 9 0.37%
Vale Property LLC 9,101,194 10 0.37%
3002 Giant Road LLC 13,803,891 5 1.11%
College Center Retail LLC
Lucky NoCal Investor LLC 9,486,897 8 0.77%
Murray and Janet Gordon Trust 9,214,872 9 0.74%
WEC 97K-31 Investment Trust 6,730,148 10 0.54%
West CCC Hospital District 46,004,842 1 3.72%
Subtotal $191,233,164 7.8% $159,256,662 12.9%

Total Assessed Valuation:

Fiscal Year 2021-2022 $2,451,606,910
Fiscal Year 2012-2013 $1,238,137,758
Source: HdL Coren & Cone, Contra Costa County Assessor
122

CITY OF SAN PABLO

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
212
212
213
Redevelopment Total Percent
City Agency Property of Total
Property Tax Property Tax Tax Levied Tax
Fiscal Levied and Levied and and Collections
Year Collected (1) Collected Collected (2) to Tax Levy
2013 $248,288 $0 (3) $248,288 100%
2014 677,924 0 (3) 677,924 100%
2015 836,806 0 (3) 836,806 100%
2016 719,960 0 (3) 719,960 100%
2017 872,985 0 (3) 872,985 100%
2018 1,232,993 0 (3) 1,232,993 100%
2019 1,819,023 0 (3) 1,819,023 100%
2020 1,536,711 0 (3) 1,536,711 100%
2021 1,255,899 0 (3) 1,255,899 100%
2022 1,580,496 0 (3) 1,580,496 100%
NOTES:
(1) Excludes Street Lighting and Landscaping, N.P.D.E.S., Oak Park Maintenance District Property Tax and Redevelopment Agency.
(2)
During fiscal year 1995, the County began providing the City 100% of its tax levy under an agreement which allows the County to keep all interest and delinquency charges collected. (3) The Redevelopment Agency was dissolved on January 31, 2012. $0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Millions
City Property Tax Levied and Collected
123

CITY OF SAN PABLO
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
Tax Capital Lease Total Percentage
Fiscal Allocation SERAF Leases and Revenue Governmental of Personal Per Year Bonds Loan Loans Bonds Activities Income (a) Capita (a) 2013 0 (b) 0 (b) $0 $0 $0 0.00% 0
2014 0 (b) 0 (b) 9,906,655 0 9,906,655 1.99% 339
2015 0 (b) 0 (b) 10,112,750 15,810,000 25,922,750 5.03% 879 2016 0 (b) 0 (b) 10,265,708 15,600,000 25,865,708 5.19% 839 2017 0 (b) 0 (b) 10,410,486 15,290,000 25,700,486 5.16% 828 2018 0 (b) 0 (b) 12,053,151 30,295,000 42,348,151 8.50% 1,364 2019 0 (b) 0 (b) 11,731,957 29,965,000 41,696,957 7.35% 1,311 2020 0 (b) 0 (b) 1,292,438 29,630,000 30,922,438 5.22% 984 2021 0 (b) 0 (b) 697,992 29,050,000 29,747,992 4.63% 958 2022 0 (b) 0 (b) 618,912 52,433,481 53,052,393 7.65% 1,684 Sources: City of San Pablo
California Employment Development Department
(a) See Schedule "Demographic and Economic Statistics" for personal income and population data. (b) The Redevelopment Agency was dissolved as of January 31, 2012 and its debt assumed by a Successor Agency as of February 1, 2012. $0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Governmental Activities
124

CITY OF SAN PABLO

COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 2022
2021-22 Assessed Valuation $2,451,606,910 Less: Redevelopment Incremental Valuation 1,871,004,806 Adjusted Assessed Valuation $580,602,104
Percentage Amount
Net Applicable Applicable
Debt To City of To City of
DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT Outstanding San Pablo San Pablo Direct Debt:

City of San Pablo $53,052,393 100.000% $53,052,393
Overlapping Debt:

Bay Area Rapid Transit 660,703,057 0.939% 6,202,571
Contra Costa County Fire Pension Obligation 26,670,000 2.027% 540,702 Contra Costa Community College District 936,870,000 0.942% 8,824,346 County General 334,729,873 0.939% 3,142,388
East Bay Regional Park District 77,146,356 0.939% 724,237 West Contra Costa Unified School District 1,926,558,002 6.083% 117,196,819 Total Overlapping Debt 3,962,677,288 136,631,063
TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $4,015,729,681 $189,683,456 (1) (1) Excludes tax and revenue anticipation notes, revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.

RATIOS TO 2021-22 ADJUSTED ASSESSED VALUATION:

Direct Debt 14.94%
Total Direct and Overlapping Tax Assessment Debt 41.73% Source: HdL Coren & Cone, Contra Costa County Assessor and Auditor Combined 2021/22 Lien Date Tax Rolls NOTE: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. The percentage of overlapping debt applicable is estimated by using taxable assessed values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value. 125

CITY OF SAN PABLO

COMPUTATION OF LEGAL BONDED DEBT MARGIN
JUNE 30, 2022
ASSESSED VALUATION:

Secured property assessed value, net of
exempt real property $2,451,606,910
BONDED DEBT LIMIT (3.75% OF ASSESSED VALUE) (a) $91,935,259 AMOUNT OF DEBT SUBJECT TO LIMIT:

Total Bonded Debt $53,052,393
Less Tax Allocation Bonds and SERAF Loan
not subject to limit 19,058,912
Amount of debt subject to limit 33,993,481
LEGAL BONDED DEBT MARGIN $125,928,740
Total net debt
Total Net Debt Legal applicable to the limit
Fiscal Debt Applicable to Debt as a percentage
Year Limit Limit Margin of debt limit
2013 $46,430,166 $0 $46,430,166 0.00%
2014 48,315,266 0 48,315,266 0.00%
2015 54,908,811 0 54,908,811 0.00%
2016 64,790,056 0 64,790,056 0.00%
2017 69,004,249 0 69,004,249 0.00%
2018 74,037,292 0 74,037,292 0.00%
2019 78,832,666 0 78,832,666 0.00%
2020 83,056,398 0 83,056,398 0.00%
2021 87,224,321 0 87,224,321 0.00%
2022 91,935,259 33,993,481 125,928,740 26.99%
NOTE:
(a) California Government Code, Section 43605 sets the debt limit at 15%. The Code section was enacted prior to the change in basing assessed value to full market value when it was previously 25% of market value. Thus, the limit shown as

3.75% is one-fourth the limit to account for the adjustment of showing assessed valuation at full cash value.
126

CITY OF SAN PABLO

BONDED DEBT PLEDGED REVENUE COVERAGE

REDEVELOPMENT AGENCY TAX ALLOCATION BONDS

LAST TEN FISCAL YEARS
Net
Redevelopment Less Low and Tax Debt Service Requirements Fiscal Agency Property Moderate Income Increment
Year Tax Increments Housing Set-Aside Revenue Principal Interest Total Coverage 2013 $8,773,589 (b) 0 (a) $8,773,589 $3, 430,000 $3,718,205 $7,148,205 (c) 1.23 2014 4,695,660 (b) 0 (a) 4,695,660 3,575,000 3,931,553 7,506,553 (c) 0.63 (b) 2015 5,132,531 (b) 0 (a) 5,132,531 3,260,000 3,044,176 6,304,176 (c) 0.81 (b) 2016 8,159,295 (b) 0 (a) 8,159,295 1,525,000 2,849,011 4,374,011 (c) 1.87 (b) 2017 11,150,519 (b) 0 (a) 11,150,519 6,787,381 2,811,164 9,598,545 (c) 1.16 (b) 2018 7,249,096 (b) 0 (a) 7,249,096 320,000 2,647,300 2,967,300 (c) 2.44 (b) 2019 2,325,842 (b) 0 (a) 2,325,842 1,560,000 2,468,600 4,028,600 (c) 0.58 (b) 2020 8,350,525 (b) 0 (a) 8,350,525 7,005,000 2,344,875 9,349,875 (c) 0.89 (b) 2021 8,247,483 (b) 0 (a) 8,247,483 4,255,000 2,070,500 6,325,500 (c) 1.30 (b) 2022 8,152,914 (b) 0 (a) 8,152,914 4,475,000 1,857,750 6,332,750 (c) 1.29 (b) (a) As part of the dissolution, the Redevelopment Agency is no l onger required to make the low and moderate income housing set-aside. (b) Beginning in fiscal year 2013, tax increment reported in th is table is the amount calculated by the County Auditor-Controller.

Under the provisions of the laws dissolving the Redevelopment Agency, the Successor Agency only receives the funds necessary to fulfill its approved obligations, and is required to use other resources on hand to fund debt service prior to using the tax increment received.
(c) Includes debt service paid by the Successor Agency. $0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Thousands
Net Tax Increment Revenue Total Debt Service Requirements 127

CITY OF SAN PABLO

DEBT SERVICE COVERAGE SCHEDULE

LAST TEN FISCAL YEARS

TENTH TOWNSHIP PROJECT AREA
Debt Service On
Fiscal
Year
Gross Tax
Revenues
Housing
Set Aside
Pledged Tax
Revenues 1999 Bonds
2001 and
2004 Tenth
Township
Bonds 2006 Bonds
2014 A&B
Bonds
Total Debt
Service
Debt Service
Coverage
2013 $8,173,104 (b) $0 (a) $8,173,104 $890,965 $3,631,201 $2,351,864 $0 $6,874,030 (c) 1.19 2014 4,291,235 (b) 0 (a) 4,291,235 893,377 3,652,390 2,683,687 0 7,229,454 (c) 0.59 2015 4,545,428 (b) 0 (a) 4,545,428 0 843,427 0 5,186,996 6,030,423 (c) 0.75 2016 N/A (b) 0 (b) N/A (b) 0 1,050,812 0 3,372,250 4,423,062 (c) N/A 2017 N/A (b) 0 (b) N/A (b) 0 5,296,795 0 4,301,750 9,598,545 (c) N/A 2018 N/A (b) 0 (b) N/A (b) 0 1,922,750 0 5,379,550 7,302,300 (c) N/A 2019 N/A (b) 0 (b) N/A (b) 0 882,250 0 3,146,350 4,028,600 (c) N/A 2020 N/A (b) 0 (b) N/A (b) 0 3,032,125 0 6,317,750 9,349,875 (c) N/A 2021 N/A (b) 0 (b) N/A (b) 0 0 0 6,325,500 6,325,500 (c) N/A 2022 N/A (b) 0 (b) N/A (b) 0 0 0 6,332,750 6,332,750 (c) N/A

LEGACY PROJECT AREA
Fiscal Year
Gross Tax
Revenues
Housing
Set Aside
Available
Revenue
Debt Service
on 2004
Legacy
Bonds
Debt Service
Coverage
2013 $600,485 (b) $0 (a) $600,485 $274,175 (c) 2.19
2014 404,425 (b) 0 (a) 404,425 274,099 (c) 1.48 2015 587,103 (b) 0 (a) 587,103 273,753 (c) 2.14 2016 N/A (b) N/A (a) N/A N/A (c) N/A
2017 N/A (b) N/A (a) N/A N/A (c) N/A
2018 N/A (b) N/A (a) N/A N/A (c) N/A
2019 N/A (b) N/A (a) N/A N/A (c) N/A
2020 N/A (b) N/A (a) N/A N/A (c) N/A
2021 N/A (b) N/A (a) N/A N/A (c) N/A
2022 N/A (b) N/A (a) N/A N/A (c) N/A
(a) As part of the dissolution, the Redevelopment Agency is no longer required to make the low and moderate income housing set-aside. (b) For the fiscal years ended 2013 thru 2015, tax increment reported in this table is the amount calculated by the County Auditor-Controller.

Under the provisions of the laws dissolving the Redevelopment Agency, the Successor Agency only receives the funds necessary to fulfill its approved obligations. As of 2016, the County Auditor-Controller no longer tracks this information, therefore, it is Not Available. (c) Includes debt service paid by the Successor Agency.

Sources: City of San Pablo Financial Statements
128

CITY OF SAN PABLO

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN FISCAL YEARS
Total Per Capita Contra Costa City
Fiscal City Personal Personal Unemployment County Population Year Population Income Income Rate (%) Population % of County 2013 29,266 $498,078,000 $17,019 14.4% 1,074,702 2.72%
2014 29,465 505,502,000 17,156 12.6% 1,087,008 2.71%
2015 29,499 515,554,000 17,477 9.4% 1,102,871 2.67%
2016 30,829 498,050,000 16,155 7.7% 1,123,429 2.74%
2017 31,053 498,050,000 16,155 7.7% (a) 1,139,513 2.73% 2018 31,593 522,292,000 16,531 5.1% 1,149,363 2.75%
2019 31,817 567,648,000 17,841 3.5% 1,149,363 2.77%
2020 31,413 592,791,000 18,870 3.4% 1,155,879 2.72%
2021 31,041 643,152,000 20,719 11.4% 1,149,800 2.70%
2022 31,510 693,639,000 22,013 8.1% 1,168,294 2.70%
NOTES: (a) Data not available for fiscal year, therefore data presented is for prior calendar year Sources: California State Department of Finance
California Employment Development Department

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Unemployment Rate (%)

2.50%

2.70%

2.90%

3.10%

3.30%

3.50%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
City Population as a % of County Population
$0.00
$0.50
$1.00
$1.50
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Billions
Total Personal Income
$0
$10
$20
$30
$40
$50
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Thousands
Per Capita Personal Income
129

CITY OF SAN PABLO
Principal Employers
Current Year and Nine Years Ago
2021-2022 2012-2013
Percentage Percentage
Number of of Total City Number of of Total City
Employer Employees Ran k Employment Employees Ran k Employment Contra Costa College* 690 1 5.1% 768 2 5.4%
West Contra Costa Unified School District 434 2 3.2%
San Pablo Casino 396 3 3.0% 489 3 3.5%
Vale Health Care Center 275 4 2.1% 169 5 1.2%
City of San Pablo 190 5 1.4% 216 4 1.5%
West County Health Center 165 6 1.2% 120 8 0.9%
Creekside Health Care Center 138 7 1.0% 127 7 0.9%
San Pablo Health Care and Wellness Center 119 8 0.9% 153 6 1.1% Las Montana's Supermarket 90 9 0.7% 91 10 0.6%
Food Maxx 85 10 0.6% 99 9 0.7%
Doctor's Medical Center* Closed 04/21/2015 994 1 7.0%
Subtotal 2,582 19.3% 3,226 22.9%
Total City Day Population 13,400 14,100
Sources: City of San Pablo Finance Department
California Employment Development Department
*includes part time employees
N/A = not available
130

CITY OF SAN PABLO
Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function
General Government 16.80 17.80 18.80 18.50 20.50 21.00 22.00 21.00 23.00 23.00 * Development Services 8.50 6.60 7.40 9.00 10.00 10.00 10.00 12.00 13.00 13.00 * Community Services 39.50 35.15 33.85 42.40 40.50 41.30 42.80 42.30 43.30 43.30 * Public Works 20.50 20.80 21.80 25.50 25.00 26.00 28.00 27.50 27.50 27.50 Police 74.00 76.50 76.50 79.00 80.00 86.00 88.00 88.00 88.00 88.00 Total City 159.30 156.85 158.35 174.40 176.00 184.30 190.80 190.80 194.80 194.80 City Council 6.00 8.00 6.00 6.00
Grand Total 196.80 198.80 200.80 200.80
* These figures include all part-time staff were left out of previous FTE counts in the prior years' Annual Comprehensive Fina ncial Reports.

0.00 20.00

40.00 60.00

80.00 100.00
120.00
140.00
160.00
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FTE's
General Government Development Services Public Works Police City Council 131
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function/Program
Police: (calendar year)
Police calls for Service 27,507 35,242 23,239 28,985 22,981 22,718 30,707 36,947 32,725 30,579 Crime Reports 5,890 5,695 3,857 3,116 3,467 3,961 4,840 4,989 4,000 3,914 Law violations:

Major crimes: homicides/rape 12 10 12 17 6 10 17 17 18 7 Other major crimes: robbery/larceny/burglary 1,465 799 522 565 630 558 706 570 184 Arrests 1,789
2,008 1,444 1,862 1,243 1,434 1,847 1,716 1,085 1,316
Traffic collisions 428 354 123 324 234 239 407 437 297 270 Traffic citations 2,851 2,687 1,663 1,813 828 855 2,971 1,315 365 1,351 Public Works:

Street resurfacing (miles) 7 3 2.4 1.5 1.4 1.4 91.0 0.9 0.0 Potholes repaired (square miles) 1 0.81 0.53 2.47 2.89 0.005 0.005 0.005 0.000002 0.000021 Street Sweeping (miles) 3,144 3,130 2,813 2,813 3,336 6,489 6,489 6,025 6,025 6,025 Volume of material removed (cubic yards) 1,050 822 735 891 1,060 1,185 1,185 1,100.26 1,185 1,185 Storm Drains:

Catch basins cleaned 307 349 499 271 111 292 292 525 414 764 Volume of material removed (cubic yards) 29 22.31 107.00 147.95 4.28 57.11 57.11 9.00 20.00 29.00 Community Development:

Community Services:

Recreation class participants 3,057 4,107 7,437 9,433 9,568 5,128 7,939 1,775 638 2,802 Senior meals served 18,144 17,519 16,946 18,366 16,855 15,800 12,493 41,877 36,982 14,960 Rentals of Maple Hall 135 119 106 298 380 435 809 0 156 346 Rentals - Other Facilities 37 54 79 115 5,698 6,313 1,578 1,975 1,451 Education:

Enrollment:

Elementary schools (6) 2,960 2,973 2,993 2,697 2,627 2,640 2,526 2,309 2,121 1,941 Middle Schools (1) 973 1,040 964 999 1,011 997 864 773 648 646 High Schools (1) 400 400 400 400 400 400 1,005 950 1,056 747 Source: Various City Departments
Notes:

N/A denotes information not available.

Operating Indicators by Function/Program

CITY OF SAN PABLO
132

CITY OF SAN PABLO
Capital Asset Statistics by Function/Program
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function/Program
Police:

Police stations 1111111111
Police patrol units 19 19 18 17 14 23 55 21 21 21
Community Resources:

Miles of streets 48 48 48 49 49 49 49 49 49 49
Street lights 182 182 182 192 192 243 243 243 347 347
Traffic Signals 25 25 25 27 29 29 29 29 29 29
Roadway Landscaping:

Landscaped median acreage 1111111111
Street trees 800 840 840 840 840 840 860 860 860 860
Community Recreation:

Community services:

City parks 6788888877
City parks acreage 22.0 19 23.2 23.2 23.2 23.2 23.2 23.2 19.2 19.2 Playgrounds 5555555555
Event center 0000000000
Historic house 3333333333
City trails 1111111122
City trails miles 1111111122
Community centers 1222222222
Senior centers 2222222222
Baseball/softball diamonds 3333333322
Soccer/football fields 6699999966
Wastewater (1)
Miles of storm drains 17 17 17 17 17 17 20 17 17 17
Source: Various City Departments
Notes:
(1) Wastewater services are provided by Contra Costa County 133