Agenda packet — City Council Finance Committee, May 13, 2024 (part 2 of 2)

DRAFT

ENGINEER'S REPORT
for
LANDSCAPING & LIGHTING DISTRICT NO. 1984-1

LEVY OF ANNUAL ASSESSMENT
FISCAL YEAR JULY 1, 2024 - JUNE 30, 2025

TABLE OF CONTENTS
CERTIFICATION OF FILING ...............................................................................................................3 I. Introduction............................................................................................................................5 II. District Purpose and Service Levels................................................................................. 5 III. Assessment District Diagram.................................................................................................6 IV. Plans and Specifications for Improvements..................................................................... 7 V. District Funding............................................................................................................. 13 VI. Assessment Rates.......................................................................................................... 15 VII. Assessment Methodology ....................................................................................................17 VIII. Revenues and Expenditures…....................................................................................... 22 IX. Assessment Roll...................................................................................................................22 Appendices
Appendix A - City of San Ramon City Council Resolution No. 2024-041 Appendix B - Assessment District Diagram
Appendix C - Plans and Specifications for Improvements
Appendix D - Landscaping & Lighting District Guideline
Appendix E - Street Landscaping & Lighting Unit Factor
Appendix F - Revenues and Expenditures for Zones 1-19
Appendix G - Summary of Assessments

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ENGINEER'S REPORT
LANDSCAPING & LIGHTING DISTRICT NO. 1984-1
(Pursuant to the Landscaping & Lighting Act of 1972)

CERTIFICATIONOFFILING
Robin Bartlett, Engineer of Work of Assessment District No. 1984-1, City of San Ramon, Contra Costa County, California, makes this Report as directed by the City Council. The San Ramon Landscaping & Lighting Assessment District No. 1984-1 is intended to provide Landscaping & Lighting improvements within certain incorporated limits of the City and to levy and collect assessments sufficient to pay for those improvements. This Report is to re-establish the Assessment District and to levy the Assessment for the fiscal year July 1, 2024 - June 30, 2025.

The improvements which are the subject of this Report are briefly described as follows:

The installation of landscaping, public lighting facilities and facilities appurtenant thereto or which are necessary or convenient for their maintenance or servicing, and the maintenance or servicing of the foregoing.

The improvements for FY 2024/25 will include servicing or maintenance, or both, of existing public lighting facilities and certain landscaping and the installation of new streetlights and/or landscaping within the budgeted limits.

The undersigned respectfully submits the enclosed Engineer's Report as directed by the City Council.

Dated: , 2024 By:

Robin Bartlett, P.E., District Engineer
I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment Roll and Assessment Diagram thereto attached was filed with me on August 10, 2024.

Christina Franco, City Clerk
City of San Ramon
Contra Costa County, California

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I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment Roll and Assessment Diagram thereto attached was approved and confirmed by the City Council of the City of San Ramon, California, on the ____ day of _____________, 2024.

Christina Franco, City Clerk
City of San Ramon
Contra Costa County, California
I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment Roll and Assessment Diagram thereto attached was filed with the County Auditor of the County of Contra Costa on the ____ day of _____________, 2024.

Christina Franco, City Clerk
City of San Ramon
Contra Costa County, California

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Packet Pg. 236 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District)

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ENGINEER'S REPORT
for
LANDSCAPING & LIGHTING DISTRICT NO. 1984-1

LEVY OF ANNUAL ASSESSMENT
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
I. INTRODUCTION
The City of San Ramon Landscaping & Lighting District No.1984-1 (District) was formed in 1984 in accordance with the Landscaping and Lighting Act of 1972 (Streets and Highways Code Section 22500 et seq).

The District has been reestablished each year thereafter. On November 5, 1996, California voters approved Proposition 218, entitled the "Right to Vote on Taxes Act," which added Articles XIIIC and XIIID to the California Constitution. Proposition 218 established new procedural requirements for the formation and administration of assessment districts. The City of San Ramon has taken the necessary steps to ensure that Landscaping & Lighting District No. 1984-1 is compliant with Proposition 218.

Per Section 22622 of the Streets and Highways Code, the City Council of the City of San Ramon adopted Resolution 2024-041 on March 26, 2024, which ordered the District Engineer to prepare and file an Engineer's Report for FY 2024/25 and described new improvements for the District.

Resolution 2024-041 is included as Appendix A.

II. DISTRICT PURPOSE AND SERVICE LEVELS
The Landscaping & Lighting District No.1984-1 (District) provides for the maintenance of street landscaping and lighting. During FY 2004/05, the level of service was revised from FY 2003/04 to remove park maintenance from the District, since park maintenance is solely funded by the City's General Fund and not by the assessment collected by the District. The District provides services and maintains improvements as follows and as described in subdivision improvement plans, capital improvement plans, and prior Engineer's Reports on file with the City:

Street Landscaping and Lighting

1. Provide horticultural care to all improved landscaped areas: mowing of turf areas, edging of turf areas, tree pruning, fertilization, soil aeration, and dethatching of turf areas.

2. Provide a high level of maintenance, including weed abatement and trash and debris pickup along City streets and in improved landscaped areas.

3. Provide weed abatement of all non-landscaped medians and public right-of-way.

4. Replace dead and dying plants and maintain the appearance of landscaped areas.

5. Provide tree pruning service for ongoing maintenance of trees.

6. Maintain exterior of sound walls by replacing Bouquet Canyon stones whenever necessary.

7. Maintain the landscaping and lighting at the San Ramon Transit Center.

8. Provide maintenance and electric service for street lighting.

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9. Quarterly inspection of streetlightsfor outages.

10. Provide safety training and necessary safety equipment and clothing to create a safe working environment.

11. Create renovation projects for existing landscaping and lighting features within the District.

III. ASSESSMENT DISTRICT DIAGRAM
The Assessment District Diagram (Appendix B) delineates the assessment district boundary and the assessment zones. The District is organized into 19 zones: two general maintenance zones (Zones 1 and 2) and 17 special zones (Zones 3 through 19). The District Engineer and Engineer of Work hereby finds that the properties within each special zone receive approximately equal special benefit from the work and improvements within that special zone. The zones are:

Zone 1 Citywide Lighting (excludes Dougherty Valley)1
Zone 2 Citywide Landscaping (excludes Dougherty Valley and Bishop Ranch)2 Zone 3 Canyon Lakes
Zone 4 Vista San Ramon
Zone 5 Summerwood Loop
Zone 6 West Branch
Zone 7 Bent Creek
Zone 8 Deerwood
Zone 9 Country View
Zone 10 Old Ranch Estates
Zone 11 Village Parkway
Zone 12 El Nido
Zone 13 Crown Ridge
Zone 14 Four Oaks/Stevens
Zone 15 Circle E
Zone 16 Thomas Ranch
Zone 17 Henry Ranch
Zone 18 Old Ranch Summit
Zone 19 Glass House
1 Zones 1 & 2 exclude the Dougherty Valley area in accordance with the annexation agreement with the City. The County 29 Service Area M-provides for the landscaping and lighting costs associated with Dougherty Valley. 2 Zone 2 excludes the Bishop Ranch area in accordance with the annexation agreement with the City. The agreement stipulates that Zone 2 landscaping costs will not be levied on Bishop Ranch because Sunset Development maintains Bishop Ranch landscaping at its own expense.

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IV. PLANS AND SPECIFICATIONS FOR IMPROVEMENTS
The description and location of existing and proposed new improvements that are or will be maintained by the District during FY 2024/25 are as follows:

Existing Improvements

1. Zone 1 - Citywide Lighting
Zone 1 improvements consist of various lighting improvements located throughout the City with the exception of the Dougherty Valley area. A listing of street light locations for Zone 1 is on file with the Public Works -Public Services Division.

During Fiscal Years 2011/12 and 2012/13, the City converted high-pressure sodium streetl i g h t s to a more energy-efficient, light-emitting diode (LED) technology. This conversion was performed in two phases:

Phase 1 converted approximately 600 streetlights in the Zone 1 area at a cost of $377,505. This work was possible due to an Energy Efficiency and Conservation Block Grant as a part of the American Recovery and Reinvestment Act of 2009, in the amount of $215,600; PG&E utility rebates in the amount of $63,465; and Zone 1 funding in the amount of $98,440.

Phase 2 converted the remaining approximately 1,000 Zone 1 streetlights through funding provided by a General Fund loan and lease agreement with Banc of America Public Capital Corporation. PG&E rebates are being used to repay the General Fund loan and energy savings resulting from the LED conversion are being used to pay the 12-year lease resulting in no net cost to the City for that 12- year period. After the lease period, the City will realize an approximate 50% reduction in costs due to energy savings.

The new technology has not only lowered energy usage and costs, but delivers improved performance and quality of light, resulting in longer product lifespan and has reduced greenhouse gas emissions. In addition, thirty (30) overhead retroreflective signs have been purchased in order to convert illuminated street name signs.

2. Zones 2 through 19 - Citywide Landscaping and Special Zones Zone 2 through 19 improvements are listed in Appendix C. The approximate location of each zone is shown on the Assessment Diagram in Appendix B.

Proposed New Improvements
Proposed new improvements are installed either by the City as capital improvement projects, upgrades paid for through operating budgets, or by developers in accordance with their development conditions of approval. In the latter category, the development Conditions of Approval and the approved Final Map designate those landscaped areas to be maintained by the City. All other landscaped areas remain under private maintenance. In the event that a private

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Property owner(s)/developer(s) want to transfer landscaped maintenance responsibilities for privately maintained areas adjacent to the public right-of-way to the City; such transfers shall conform to the guidelines in Appendix D.

Proposed Upgrades – Capital Improvement Program (CIPs) of FY 2024/2025 Capital Improvement Projects (CIPs) are projects identified as new construction, replacement, and/or renovation of infrastructure within each zone that is over and above annual operating expenses. Additional details regarding the projects are provided in Appendix C and the long-term financing of the projects is indicated in the Reserve Study in Appendix G.

Following are the proposed new zone-specific CIPs. The amounts shown represent the funding requests for FY 2024/25. The allocations from each zone to the respective CIPs as indicated below are from the current fiscal year. The funds are to be expended on improvements within the next five years except as noted.

CIP 300001 – Citywide Lighting Zone Improvements – Zone 1 - $0 As part of the City Village – Summerhill Homes project (SD 9576), a total of 11 new streetlamps will be installed on Norris Canyon Road, Camino Ramon and Executive Parkway. Eleven existing streetlights will also be converted to LEDs. All new streetlamp heads will be owned by PG&E. All improvements will be constructed and paid for by the developer.

CIP 300002 – Citywide Landscaping Zone Improvements – Zone 2 - $72,000 Work for FY 2024/25 includes removal/replacement of declining trees, mulch installation, and landscape and irrigation renovations in various locations.

CIP 300003 – Canyon Lakes Zone Improvements – Zone 3 - $45,000 Work for FY 2024/25 includes removal/replacement of declining trees, irrigation remote control valve replacement, mulch installation, and landscape and irrigation renovations in various locations.

CIP 300004 – Vista San Ramon Zone Improvements – Zone 4 - $21,500 Work for FY 2024/25 includes irrigation controller and master valve upgrade and landscape renovation in various locations.

CIP 300005 – Summerwood Loop Zone Improvements – Zone 5 - $10,000 Work for FY 2024/25 includes mulch and landscape renovation in various locations.

CIP 300006 – West Branch Zone Improvements – Zone 6 - $3,000 There are no new improvement projects scheduled for FY 2024/25.

CIP 300007 – Bent Creek Zone Improvements – Zone 7 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300008 – Deerwood Zone Improvements – Zone 8 - $0
There are no new improvement projects scheduled for FY 2024/25.

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CIP 300009 – Country View Zone Improvements – Zone 9 - $10,000 Work for FY 2024/25 includes supplemental landscape and irrigation renovations not included in the Crow Canyon Road widening project.

CIP 300010 – Old Ranch Estates Zone Improvements – Zone 10 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300011 – Village Parkway Zone Improvements – Zone 11 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300012 – El Nido Zone Improvements – Zone 12 - $0
There are no new improvement projects scheduled for FY 2024/25.

CIP 300013 – Crown Ridge Zone Improvements – Zone 13 - $3,000 Work for FY 2024/25 includes landscape renovation in various locations.

CIP 300014 – Four Oaks Zone Improvements – Zone 14 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300015 – Circle E Zone Improvements – Zone 15 - $0
There are no new improvement projects scheduled for FY 2024/25.

CIP 300016 – Thomas Ranch Zone Improvements – Zone 16 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300017 – Henry Ranch Improvements – Zone 17 - $0
There are no new improvement projects scheduled for FY 2024/25.

CIP 300018 – Old Ranch Summit Zone Improvements – Zone 18 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300019 – Glass House Zone Improvements – Zone 19 - $0 There are no new improvement projects scheduled for FY 2024/25.

CIP 300021 – Relamping – Zone 1- $0
There are sufficient parts available for re-lamping, so no new purchases are anticipated this fiscal year.

CIP 905530 – Bollinger Canyon Rd./Iron Horse Trail Bicycle Pedestrian Overcrossing – Zone 1 - $0
It is anticipated that the Bollinger Canyon Road at Iron Horse Trail Pedestrian and Bicycle Overcrossing will include substantial safety lighting improvements on the bridge and its approaches. Work is anticipated to be completed by December 2025. There are no new improvement projects scheduled for FY 2024/25.

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V. DISTRICT FUNDING
The District is funded through two City wide funding sources and special zones, as discussed below:

1. Citywide Zone Assessments (Zones 1 and 2)
The assessment is collected on the property tax rolls from certain property owners within the City of San Ramon. It was confirmed by a majority vote through Measure K during the November 1996 election. Measure K provided for a continuation of an assessment of $53 per single-family unit per year for Zones 1 & 2 through June 1998, with an increase to $59 per single-family unit per year beginning July 1, 1998, and for each year thereafter.

The Citywide assessment of $59 per unit per year allocated $19 to Citywide street lighting and $40 to Citywide landscaping.

In accordance with Proposition 218, the City conducted a mailed ballot election for the Zone 1 and Zone 2 assessment increase. The election approved the FY 2006/07 assessment at $79 per unit per year and an annual increase based on the Consumer Price Index (CPI) not exceeding 2%. With the $20 increase, these assessments increased proportionately such that the increase to the street lighting assessment was $6 per unit per year, for a total of $25, and the increase to the landscaping assessment was $14 per unit per year, for a total of $54.

Since then, maximum assessment rates for Zone 1 and 2 have been raised by the allowable CPI and are currently at the maximum allowable rates for each Zone as voted by property owners. The February 2024 CPI increase is 2.4%; therefore, the maximum allowable assessment and the maximum assessment rate increase is 2% for FY 2024/25.

There are a total of 34 parcels that are assessed only for Citywide street lighting. These are the parcels within the Bishop Ranch area. Bishop Ranch is responsible for maintaining roadway landscaping at its cost in accordance with the annexation agreement with the City.

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New Developments for FY 2024/25 are detailed below:

In addition to minor new development projects throughout the City, the Landscaping & Lighting District annexed The Preserve (Faria) into Zones 1 and 2 in March of 2018.

Improvements that will be constructed as part of The Preserve and accepted by the City for maintenance, funded by Zones 1 and 2, will consist of new lighting and are described generally in the Faria Preserve Conditions of Approval and on the following Improvement Plans as accepted by the City:
□ Subdivision 9342, The Preserve – Purdue Road, by Gates & Associates □ Subdivision 9342, Faria Preserve – Faria Preserve Parkway, Phase 1, by Gates & Associates
□ Subdivision 9342, Faria Preserve – Faria Preserve Parkway, Phase 2, by Gates & Associates
□ Mainline Extension, Subdivision 9342 – Public Street Lighting, Giacalone Design Services, Inc.

These plans indicate the installation of 40 new streetlights, associated poles, and improvements.

It is anticipated that all of the improvements will be accepted during FY 2024/25.

Special Zone Assessments (Zones 3 - 19)
The special zone assessments are also collected on the property tax rolls from property owners within each special zone. The funds for each special zone can only be used for the purpose of maintaining or improving the zone from which they are collected. In addition, any funds that are not used in any given year must be carried over to the next year.

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VI. ASSESSMENT RATES
FY 2024/25 Maximum Assessment Rates - Zones 1, 2, 4, 18, and 19 Each zone has a maximum allowed assessment rate. Each year the City may increase or decrease the actual assessment for each zone up to the maximum allowed rate for that zone. The City may choose to assess at less than the maximum rate. Four of the zones in Landscaping & Lighting District No. 1984-1 (Zones 1, 2, 18, and 19) have maximum assessment rates that property owners have approved to increase up to 2% each year for changes in the CPI. The February Consumer Price Index for the San Francisco Bay Area, All Urban Consumers, is used. The current maximum rate for Zones 4 was set through a mailed ballot election in May 2023, when property owners approved a new maximum rate, which shall be increased annually by the February Consumer Price Index for the San Francisco Bay Area, All Urban Consumers (CPI).

The February 2024 CPI shows an increase of 2.4% compared to the 5.3% increase over the February 2023 CPI. Therefore, the maximum assessment rates for Zones 1, 2, and 19 have been increased by 2%, which was approved by property owners through the ballot process in 2006. The maximum assessment rate for Zone 4 was increased by 2.4%. There are no maximum assessment rate increases or decreases recommended for Zone 18 in FY 2024/25.

FY 2024/25 Assessments Increases/Decreases
Zones 1 and 2 – Citywide Lighting and Citywide Landscaping - Based on the February 2024 CPI increase noted above, the FY 2024/25 assessment caps for Zones 1 and 2 have been increased by the 2% maximum approved by property owners or $2.18 per unit per year. Due to projected expenses for Zone 1, the assessment levy will be increased by $5.04, ra ising the assessment to be levied to $35.27 for FY 2024/25.

Zone 2 will be increased by $1.50, raising the assessment to be levied to $76.21 for FY 2024/25. The total combined assessment to be levied is $111.48 annually.

Zone 3 – Canyon Lakes - The assessment for Canyon Lakes has been increased from $70 to $80 annually, an increase of $10 per unit (maximum assessment rate for Canyon Lakes is $110). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements and cover the cost of bringing forward landscape renovation projects.

Zone 4 – Vista San Ramon - The assessment rate for Vista San Ramon will increase from $385 to $394 annually, based on the February 2024 CPI noted above. This increase is based on a detailed deferred maintenance study will ensure the assessment keeps pace with the cost of maintaining the zone improvements and cover the cost of bringing forward landscape renovation projects on a long term basis.

Zone 5 – Summerwood Loop – Decrease assessment from $120 to $100 per unit, a decrease of $20 per unit (maximum Zone 5 assessment rate is $160).

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Zone 9 – Country View - The assessment for Country View has been decreased from $50 to $0 annually, a decrease of $50 per unit (maximum assessment rate for Country View is $100).

This decrease is due to the Crow Canyon Road widening project's impact on the zone.

Zone 11 – Village Parkway - The assessment for Village Parkway has been increased from $100 to $110 annually, an increase of $10 per unit (maximum assessment rate for Village Parkway is $110). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements and cover the cost of bringing forward landscape renovation projects.

Zone 12 – El Nido - The assessment for El Nido has been increased from $95 to $110 annually, an increase of $15 per unit (maximum assessment rate for El Nido View is $125). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements and cover the cost of bringing forward landscape renovation projects.

Zone 13 – Crown Ridge - The assessment for Crown Ridge has been increased from $750 to $780 annually, an increase of $30 per unit (maximum assessment rate for Crown Ridge is $1,000). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements and cover the cost of bringing forward landscape and irrigation renovation projects.

Zone 15 – Circle E - The assessment for Circle E has been increased from $200 to $225 annually, an increase of $25 per unit (maximum assessment rate for Circle E is $300). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements.

Zone 16 – Thomas Ranch - The assessment for Thomas Ranch has been increased from $65 to $75 annually, an increase of $10 per unit (maximum assessment rate for Thomas Ranch is $100). This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements.

Zone 19 – Glass House - Based on the February 2024 CPI increase noted above, the FY 2024/25 assessment caps for Zones 1 9 h a v e increased by the 2% maximum approved by property owners from $15,492.17 to $15,802.01 annually, an increase of $309.84 per unit per year (maximum assessment rate for Glass House is $15,802.01. This increase will ensure the assessment keeps pace with the cost of maintaining the zone improvements and landscape renovations. This assessment is split through the method of apportionment described below.

There are no assessment increases or decreases for Special Zones 6, 7, 8, 10, 14, 17, and 18 for FY 2024/25.

It should be noted that the assessment for West Branch is currently $380 per assessment unit. This is insufficient to maintain the current level of service and replace improvements as they come to the end of their service life. Staff is completing the analysis to support discussions with residents regarding landscaping options and potential ballot proceedings to increase the assessment. Any increase in the assessment level will be as a result of a separate procedure following approval of this Engineer's Report and no increase is assessments is anticipated this fiscal year.

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VII. ASSESSMENT METHODOLOGY
Assessments are allocated in accordance with the Benefit Methodology included in Appendix B and the following Assessment Methodology. Within the zones, the assessment is determined by the use of the land, the size of the parcel, and the intensity of use of the parcel. Land use is classified as either (1) residential, (2) industrial, or (3) commercial and institutional. Within these use classifications, an estimate of benefit is derived by considering the amount of lighting provided, the number of pedestrians generated by the land use, and the enhancement of the security and beauty of the property. The benefits of a single-family home provide the base for "unit" (proportion) calculations. In other words, a single-family home's unit factor is one (1.0).

The unit factor for other land uses is proportional to the benefit each parcel receives relative to a single-family home. Uses that involve more people have higher unit factors and uses that have less frontage have lower unit factors. For example, a condominium's unit factor is 0.75 (because there is less street frontage), while commercial property unit factors range from 4 to 36 (because more people use the property and benefit from the improvements). See Appendix E for the full table of street Landscaping & Lighting unit factors.

Once costs are determined and each parcel's factors are determined, each zone's costs are divided by the total of that zone's factors to determine the cost per factor. Each parcel's factor is then multiplied by the appropriate zone's factor cost(s) to determine that parcel's FY 2024/25 assessment.

Special Zone 5 (Summerwood Loop) Assessment Methodology Improvements
See Appendix C for a description of the improvements in Zone 5.

Estimated Costs
The estimated costs for maintaining the improvements within Zone 5 and for current and upcoming capital improvements are summarized in the Special Zone 5 Costs Benefit Distribution and Assessment Table given below. The reserves and long-term financing of the zone are summarized in the Reserve Fund Study, Table 2, attached.

Special and General Benefit
Special benefit has been determined by breaking the landscaped areas into subareas, estimating the special benefit derived to residents in Zone 5 for each subarea and determining the total general and special benefit as a weighted total of each subarea. Benefits include aesthetic benefits, security and safety benefits, landscaped buffers to traffic, shade from nearby trees, and benefits to pedestrians and motorists from landscaping and trash removal adjacent to the walking path and travelways.

These benefits are shared to varying degrees by residents outside of Zone 5 depending on the location of the landscaping improvement relative to residential units outside of the zone, arterial roadways (Alcosta Boulevard), and the Iron Horse Trail. That portion of the benefit attributable to special benefit is considered a general benefit or the maintenance responsibility of the Citywide Zone 2.

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Arterial
For locations adjacent to Alcosta Boulevard, the majority of the benefit is assumed to be obtained by those residents closest to the improvement and, therefore pass it more frequently and derive benefits from its appearance and buffering effect from the arterial traffic. However, the substantial benefit is attributable to passing users of the arterial road. For this reason, the benefit is split into 70% special benefit and 30% benefit attributable to general benefit or the Citywide Zone 2.

Interior
For all other areas, the general benefit can be determined based on:
1) The proximity (location) of the landscaped improvements to homes within Zone 5 relative to its proximity areas outside Zone 5.
2) The amount of pedestrian traffic from outside of Zone 5 compared to that within Zone 5 that will pass by or use the landscaped areas.
3) The amount of vehicle traffic from outside Zone 5 compared to that within Zone 5 that will pass by the landscaped areas.

For each subarea, it is assumed that the value of the location relative to its proximity to dwelling units within Zone 5 is worth 50 benefit points. The value to pedestrians is worth up to 25 benefit points, and the value to motorists is worth up to 25 benefit points. The cumulative general benefit is calculated based on the general benefit for each subarea and the relative size of the landscaping within each subarea relative to the total.

The apportionment of benefit from location is based on the relative proximity of the landscaped improvement to assessed dwelling units relative to property that is outside of Zone 5, such that if a landscaped area is, on average, 10 feet from a home and 90 feet from the edge of the Zone then 10% of the benefit would be attributable to general benefit.

The apportionment of benefit due to pedestrian traffic depends on the area. For areas adjacent to Fallview Street, the pedestrian traffic is assumed to be approximately proportionate to the number of units within Zone 5 versus those in the adjacent apartment complex. That ratio is 416:421 (apartments: Zone 5 assessment units) or approximately 50 percent. Areas adjacent to Summerwood Loop are on the opposite side of the road from the apartments. It is, therefore, assumed that residents within Zone 5 will use the path more often as a route of travel than those outside of Zone 5. Some residents will also use the path from outside the zone, including residents using it as a safe route to school. For areas adjacent to the Iron Horse Trail, it is also anticipated that the majority of the pedestrians using the path will be from within Zone 5, but with significant users from the apartment area and other users from outside the Zone, including students going to school. The general benefit points can, therefore, be determined using a ratio of 33 percent for both areas.

The apportionment of benefit points to motorists was established by assuming the great majority of traffic on minor streets is associated with Zone 5 dwelling units as opposed to passing traffic or traffic associated with the apartments. However, some traffic is due to drop-offs for school purposes and other reasons. Therefore, 10 percent of the benefit is assumed to be a general benefit along Fallview Street and near the Iron Horse Trail. For areas adjacent to Summerwood Loop, the general

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benefit is taken as 50 percent to account for traffic from the apartments as well as other non-local traffic and drop offs for school.

The overall distribution of benefit points for the subareas in Zone 5 is summarized below. The total general and special benefit was calculated by totaling the benefit in each area and weighting by the size of the landscaped subareas. The subareas belonging to the HOA are not included in the maintenance. Any landscaped areas along Springfield Drive will not be maintained with Zone 5 funds and for the purposes of calculating general benefit, are assumed to be 100 percent general benefit. The capital costs listed below are from Zone 5 and do not include capital costs to be paid for from non-zone funds.

Total Points Summerwood
Loop
Fallview Street Near Iron Horse Trail
50 11 (22%) 0 22 (44%)
25 8.25 (33%) 12.5 (50%) 8.25 (33%)
25 12.5 (50%) 2.5 (10%) 2.5 (10%)
$ 72,311
$ (8,438)
$ 10,000
$ 73,873
129901.361 ft^2
$ 0.569
SubArea Landscape Area
(ft^2)
General Benefit or
Citywide (%)
Special Benefit
(%)
General Benefit
Cost
Special Benefit Cost
1 10,391 0.3 0.7000 $ 1,773 $ 4,136
2 49,867 0.3175 0.6825 $ 9,004 $ 19,355
3 HOA N/A NA N/A N/A
4 5,225 1 0.0000 $ 2,971 $ -
5 18,286 0.15 0.8500 $ 1,560 $ 8,839
6 46,133 0.3275 0.6725 $ 8,592 $ 17,643
Total 129,902 32.35% 67.65% 23,900 $ $ 49,973
Consultants $ -
Tax Roll Fee $ -
$ 7,898.00
$ -
Total 7,898.00 $
$ 73,873
$ (23,900)
$ 7,898
$ 57,871
$ 15,699
$ 42,172
421
$ 100.00
Motorist
Special Zone 5
General Benefit Points Per Category For Each SubArea
Benefit Category
Location
Pedestrian
Total Cost (Operating + Capital, No Admin)
FY 2024/25 Operating and Capital Costs
Operating Cost
minus Indirect Costs
Capital Costs
Total Direct Cost
Total Landscape Area
Cost Per Square Foot
Administration Cost
Overhead and Administration
Administration Staffing
Assessment Analysis
Assessment to be Levied per Unit
Less General Benefit or Citywide
Plus Admin
Total Assessable Cost
Less Reserve Applied to current year
Net to be Assessed
Number of Benefit Units

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The overall distribution of special and general benefit/Zone 2 responsibility is 67.65% special benefit and 32.35% general benefit. The distribution of special benefit and general benefit/Zone 2 responsibility is indicated on Special Zone 5 Costs, Benefit Distribution and Assessment table above.

Method of Assessment
The assessment spread shall be the same as that used for the entirety of the District, as indicated in the Engineer's Report.

Assessment to be Levied
The assessment to be levied for Zone 5 Special Zone per assessment unit is based on:
1) The maintenance and capital costs as distributed between special and general benefit/Zone 2 responsibility.
2) The administrative costs for the zone.
3) The number of assessment units in the zone.
4) Maintenance of reserves necessary for cash flow and capital improvement projects.

There are 421 assessment units within the zone.

The maximum allowable assessment is $160 per assessment unit.

The assessment to be levied for FY 2024/25 is $100.00 per assessment unit.

Special Zone 19 (Glass House) Assessment Methodology
The assessment methodology for Special Zone 19 is different from that of the other 18 zones.

Zone 19 is comprised of three (3) parcels totaling 30.734 acres located in the southwest portion of the City on San Ramon Valley Boulevard. The three (3) property owners consist of City of San Ramon (City), First Baptist Church of Dublin-San Ramon (Church), and American Baptist Homes of the West (Valley Vista). Like other Special Zones within the City's Landscaping & Lighting District, this Zone is financially responsible for the maintenance and operation of improvements in the immediate vicinity. These public improvements generally include a parking lot, driveway, handicap ramp, and associated landscaping and lighting that were constructed by Valley Vista as a part of their Conditions of Approval, and service the three (3) parcels.

The total operation, maintenance and servicing costs for the driveway maintenance, parking area maintenance, handicap ramp maintenance, landscaping maintenance and lighting operation are apportioned in accordance with a methodology that is consistent with standard assessment engineering practices.

In order to determine an equitable allocation to each parcel, the improvements listed above have been broken down into discrete maintenance components and a benefit spread methodology has been created for each.

Driveway Maintenance
There is a 7,610 square-foot driveway that accesses San Ramon Valley Boulevard and services each of the three (3) properties. The driveway maintenance cost is estimated to be

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$3,130.66 annually (in 2009 dollars) and includes sidewalks, storm drains, lighting, street sweeping, and signage. The standard method used to allocate the driveway maintenance costs to the three (3) benefiting parcels was based on the vehicle traffic received by each property.

Projected traffic was estimated based on the total number of parking spaces allocated to each parcel. There are a total of 121 parking spaces allocated to the three (3) parcels (20 for the City, 39 for the Church, and 62 for Valley Vista). Therefore, the $3,130.66 will be allocated as $517.46 (16.53%) to the City, $1,009.06 (32.23%) to the Church, and $1,604.14 (51.24%) to Valley Vista.

Parking Lot Maintenance
As a Condition of Approval for Valley Vista, they built a 17-stall parking area that services two (2) of the three (3) properties (City and Church parcels). The Valley Vista parcel does not use the parking lot. The parking lot has restricted usage of 14 hours each day between the hours of 6:00 a.m. and 10:00 p.m. This parking lot is used for overflow parking from the City parcel and the Church parcel. The Church parcel has a restricted easement that allows them to use the parking lot for 4 hours each Sunday. The parking lot maintenance is $3,903 annually (in 2009 dollars) and includes pavement maintenance, parking stall marking, sweeping, storm drains, and sidewalks. The standard method used to allocate the parking lot maintenance to the two (2) benefitting parcels was based on the total number of hours used by each property owner. It is estimated there are 112 total parking hours (16 hours/day x 7 days). It is assumed that the City will use the parking lot 108 hours per week and the Church will use the parking lot 4 hours per week. Valley Vista will not use the parking lot. Therefore, the $3,903 is allocated as $3,763.60 (96.43%) to the City, $139.39 (3.57%) to the Church, and $0 to Valley Vista.

Handicap Ramp
A bus stop was constructed along San Ramon Valley Boulevard adjacent to and accessible to the three (3) properties. A handicap ramp was not required to access the properties but was built by Valley Vista to enhance access to their property. The handicap ramp is approximately 1,400 square feet and maintenance is estimated to be $3,542.75 annually (in 2009 dollars).

The maintenance of the handicap ramp only includes surface improvements such as concrete, handrails, lighting, and storm drains (it does not include any subsurface improvements). Since the handicap ramp was built to enhance the Valley Vista property, 100% of the maintenance is the responsibility of Valley Vista.

Landscape Maintenance
Approximately 5,800 square feet of landscaping improvements were installed adjacent to the parking area. The landscaping improvement maintenance requirements include tree maintenance and replacement, shrub ground cover m a i n t e n a n c e and replacement, irrigation, utilities (such as water and electricity), and the replacement of irrigation controllers. The annual maintenance cost is approximately $2,711 (in 2009 dollars). It has been agreed upon by the three (3) property owners that the total cost of maintaining the landscaping will be 100% allocated to the City parcel.

In summary, the total costs of the maintenance represented above are $13,811 annually (in 2009 dollars). Based upon the above calculations, the City is responsible for approximately 52.7%, the Church is responsible for approximately 8.6% and Valley Vista is responsible for approximately 38.7%.

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It should be noted that, prior to the formation of Zone 19, the three parcel owners were responsible for paying the Zone 1 and Zone 2 assessments. Each parcel owner will continue to pay those assessments in addition to the Zone 19 assessment.

Assessment Range
The per-unit ranges for all zones are determined by estimating the costs for the current year at the time the range is established and dividing the costs by the number of unit factors estimated for that year. This per-unit cost becomes the bottom of the range. The top of the range is determined by estimating the costs at the end of a five-year period and dividing that number by the number of expected unit factors at that time.

VIII. REVENUES AND EXPENDITURES
Charts in Appendix F provide a summary of the proposed zone budgets for FY 2024/25, FY 2023/24 projected year- end revenues and expenditures, FY 2023/24 adopted budget, and the actual FY 2022/23 Landscaping & Lighting District revenues and expenditures. The total FY 2024/25 proposed budget for the Landscaping & Lighting District is $3,978,077.76. The distribution of costs between assessable properties is determined by the Assessment Methodology described in Section VII of this Report.

IX. ASSESSMENTROLL
The following is a summary of information included in the Assessment Roll that, because of its bulk, is filed separately with the City Clerk. According to the Landscaping and Lighting Act, the information must include a listing of all parcels of land within the assessment district. Each parcel must be listed by its distinctive designation, a description of the parcel, and the proposed assessment of the parcel in proportion to the estimated benefit it receives from the improvement.

This is done in the following format:

Property Description Property Description FY 2024/25
(Assessor's Parcel #) (Assessor's Description) Assessment Total Assessment: $3,978,077.76
The lines and dimensions of each parcel are as shown on the maps of the County Assessor of the County of Contra Costa, which by reference is hereby made a part of this Report.

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APPENDIX A

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APPENDIX C

PLANS AND SPECIFICATIONS FOR IMPROVEMENTS
Details of the streetlights and landscaping improvements within the District and locations of these improvements are outlined in the final maps, subdivision improvement plans, capital improvement plans, and as follows:

Zone 1 – Citywide Lighting
A list of street light locations for Zone 1 is on file with the Public Works Department, Public Services Division. They are located throughout the City with the exception of Dougherty Valley.

Zone 2 – Citywide Landscaping
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes tree, shrubs, groundcover, turf, irrigation, and decorative lighting. These areas exclude Bishop Ranch and Dougherty Valley.

Zone 3 – Canyon Lakes
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and one decorative wall with decorative lighting.

Zone 4 – Vista San Ramon
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and decorative lighting.

Zone 5 – Summerwood Loop
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, and irrigation.

Zone 6 – West Branch
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, two decorative fountains, three gazebos, decorative lighting, pathways, jogging trails (including bridge), exterior soundwall maintenance, and open space.

Zone 7 – Bent Creek
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includestrees,shrubs, groundcover, irrigation, pathways, and a creek.

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Zone 8 - Deerwood
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, a retaining wall, an entrance sign, and decorative lighting.

Zone 9 – Country View
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and decorative lighting.

Zone 10 – Old Ranch Estates
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, entrance sign, irrigation, decorative lighting, and open space.

Zone 11 – Village Parkway
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and decorative lighting.

Zone 12 – El Nido
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, detention basin, fencing, maintenance road, and creeks.

Zone 13 – Crown Ridge
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, a detention basin, and a maintenance road.

Zone 14 – Four Oaks
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, a detention basin, fencing, and a maintenance road.

Zone 15 – Circle E
Referto the Assessment Diagram forthe general location and extent ofimprovements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and a detention basin.

Zone 16 – Thomas Ranch
Referto the Assessment Diagram forthe general location and extent ofimprovements. The general nature of the improvements includes trees, shrubs, groundcover and irrigation.

Zone 17 – Henry Ranch
Refer to the Assessment Diagram for the general location and extent of improvements. The general

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nature of the improvements includes trees, shrubs, groundcover, irrigation, and a Vortech water control facility.

Zone 18 – Old Ranch Summit
Referto the Assessment Diagram forthe general location and extent ofimprovements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, and detention basins.

Zone 19 – Glass House
Refer to the Assessment Diagram for the general location and extent of improvements. The general nature of the improvements includes trees, shrubs, groundcover, irrigation, a driveway, parking area, and handicap ramp.

Additional details are provided on the attached capital improvement program project description sheets.

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Capital Improvement Program 2024/25 - 2028/29
Landscaping and Lighting Assessment District Fund (LL)

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No Pr # Project Name Prior Yrs 2024-25 2025-26 2026-27 2027-28 2028-29 Total 5Yr Beyond 5yr Total Project 1 300007 Bent Creek Zone Improvements - Zone 7 $176,352 $0 $0 $0 $5,000 $2,000 $7,000 $115,500 $298,852 2 905530 Bollinger Canyon Rd. / Iron Horse Trail
Bicycle Pedestrian Overcrossing
$500,000 $0 $0 $0 $0 $0 $0 $0 $500,000
3 300003 Canyon Lakes Zone Improvements - Zone
3 $270,000 $45,000 $30,000 $15,000 $15,000 $15,000 $120,000 $0 $390,000 4 935404 Centralized Irrigation System Upgrade $349,246 $0 $0 $0 $0 $0 $0 $0 $349,246 5 300015 Circle E Zone Improvements - Zone 15 $68,000 $0 $3,000 $0 $0 $0 $3,000 $54,000 $125,000 6 300002 Citywide Landscaping Zone
Improvements - Zone 2
$402,000 $72,000 $72,000 $97,000 $72,000 $42,000 $355,000 $228,000 $985,000 7 300001 Citywide Lighting Zone Improvements -
Zone 1
$186,000 $0 $0 $0 $0 $0 $0 $1,174,000 $1,360,000
8 300021 Citywide Lighting Zone Street Lights
Improvements - Zone 1
$225,000 $0 $50,000 $50,000 $75,000 $75,000 $250,000 $50,000 $525,000 9 300009 Country View Zone Improvements - Zone 9 $11,000 $10,000 $0 $0 $0 $0 $10,000 $40,000 $61,000 10 300013 Crown Ridge Zone Improvements - Zone
13 $35,546 $3,000 $0 $0 $0 $0 $3,000 $46,000 $84,546
11 300008 Deerwood Zone Improvements - Zone 8 $81,441 $0 $0 $5,000 $0 $5,000 $10,000 $0 $91,441 12 300012 El Nido Zone Improvements - Zone 12 $17,377 $0 $0 $0 $0 $0 $0 $10,500 $27,877 13 955478 Fountain Repairs and Replacement $772,606 $0 $0 $0 $0 $0 $0 $0 $772,606 14 300014 Four Oaks Zone Improvements - Zone 14 $5,245 $0 $0 $0 $0 $0 $0 $0 $5,245 15 300019 Glass House Zone Improvements - Zone
19 $32,401 $0 $0 $0 $0 $0 $0 $17,000 $49,401
16 300017 Henry Ranch Zone Improvements - Zone
17 $4,157 $0 $0 $0 $0 $0 $0 $11,500 $15,657
17 955516 Irrigation Booster Pump Installation $23,982 $0 $0 $0 $0 $0 $0 $0 $23,982 18 300010 Old Ranch Estates Zone Improvements -
Zone 10
$180,000 $0 $0 $0 $8,500 $0 $8,500 $0 $188,500
19 300018 Old Ranch Summit Zone Improvements -
Zone 18
$210,000 $0 $0 $0 $5,000 $0 $5,000 $25,000 $240,000
20 935488 Street Landscape Planting Renovation $514,476 $0 $0 $0 $0 $0 $0 $0 $514,476 21 300005 Summerwood Loop Zone Improvements -
Zone 5
$160,956 $10,000 $0 $10,000 $0 $0 $20,000 $464,645 $645,601 22 300016 Thomas Ranch Zone Improvements - Zone
16 $0 $0 $0 $0 $0 $0 $0 $15,000 $15,000
23 300011 Village Parkway Zone Improvements -
Zone 11
$70,880 $0 $1,000 $0 $1,000 $0 $2,000 $6,700 $79,580

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Capital Improvement Program 2024/25 - 2028/29
Landscaping and Lighting Assessment District Fund (LL)
No Pr # Project Name Prior Yrs 2024-25 2025-26 2026-27 2027-28 2028-29 Total 5Yr Beyond 5yr Total Project 24 300004 Vista San Ramon Zone Improvements -
Zone 4
$24,064 $21,500 $6,800 $6,800 $13,600 $0 $48,700 $4,600 $77,364 25 300006 West Branch Zone Improvements - Zone 6 $174,920 $3,000 $431,900 $83,500 $17,000 $25,000 $560,400 $678,600 $1,413,920 Totals $4,495,650 $164,500 $594,700 $267,300 $212,100 $164,000 $1,402,600

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300001
Citywide Lighting Zone Improvements - Zone 1
The Engineer's Report adopted by City Council approved the creation of project funded by the Citywide Lighting Fund.

Project Mgr:

Estimated Total Cost $1,360,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Fitzpatrick/Bender

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, completed traffic signal pole painting at the following intersections: Old Ranch Road/Dougherty Road, Old Ranch Road/Bent Creek Drive, Old Ranch Road/Monte Vista Drive, Bollinger Canyon Road/City Hall, Camino Ramon/Fostoria Way, Crow Canyon Road/Old Crow Canyon Road, Crow Canyon Road/Old Mill Road, and Crow Canyon Road/Dougherty Road. This work is scheduled annually in order to perform work to each signalized intersection on a predetermined cycle. There are no improvements scheduled for FY 2024/25.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 1
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer's Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 1.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 186,000 0 0 0 0 0 1,360,000 1,174,000
Totals 186,000 0 0 0 0 0 1,360,000 1,174,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 186,000 0 0 0 0 0 1,360,000 1,174,000
Totals 186,000 0 0 0 0 0 1,360,000 1,174,000
CIP 2024-25 Page 1 CIP#: 300001

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300002
Citywide Landscaping Zone Improvements - Zone 2
The Engineer’s Report adopted by City Council approved the creation of project funded by the Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $985,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, removed/replaced declining trees; replaced irrigation valves in Homestead Village; completed landscape renovations on Crow Canyon Road at Bollinger Canyon Road, Stagecoach Road, Alcosta Boulevard at Olympia Fields Drive to Pine Valley Road, and San Ramon Valley Boulevard at Castleton Court to Talavera Drive. FY 2024/25, continue the removal/replacement of declining trees, and landscape and irrigation renovations in various locations within the zone. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 2
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 2.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 402,000 72,000 72,000 97,000 72,000 42,000 985,000 228,000 Totals 402,000 72,000 72,000 97,000 72,000 42,000 985,000 228,000 Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 402,000 72,000 72,000 97,000 72,000 42,000 985,000 228,000 Totals 402,000 72,000 72,000 97,000 72,000 42,000 985,000 228,000 CIP 2024-25 Page 2 CIP#: 300002

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300003
Canyon Lakes Zone Improvements - Zone 3
The Engineer’s Report adopted by City Council approved the creation of project funded by the Canyon Lakes Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $390,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, removed/replaced declining trees; replaced irrigation valves on Alcosta Boulevard; and landscape slope renovation and planting at Crow Canyon Road and Shoreline Drive. FY 2024/25, continue the removal/replacement of declining trees, remote control valves and various landscape and irrigation renovations. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 3
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 3.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 270,000 45,000 30,000 15,000 15,000 15,000 390,000 0 Totals 270,000 45,000 30,000 15,000 15,000 15,000 390,000 0 Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 270,000 45,000 30,000 15,000 15,000 15,000 390,000 0 Totals 270,000 45,000 30,000 15,000 15,000 15,000 390,000 0 CIP 2024-25 Page 3 CIP#: 300003

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300004
Vista San Ramon Zone Improvements - Zone 4
The Engineer's Report adopted by City Council approved the creation of project funded by the Vista San Ramon Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $77,364 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 4
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 4.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 24,064 21,500 6,800 6,800 13,600 0 77,364 4,600 Totals 24,064 21,500 6,800 6,800 13,600 0 77,364 4,600
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 24,064 21,500 6,800 6,800 13,600 0 77,364 4,600 Totals 24,064 21,500 6,800 6,800 13,600 0 77,364 4,600
CIP 2024-25 Page 4 CIP#: 300004

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300005
Summerwood Loop Zone Improvements - Zone 5
The Engineer's Report adopted by City Council approved the creation of project funded by the Summerwood Loop Fund and Citywide Landscaping Fund. City Council appropriated $80,747 from Zone 2 Fund at FY 22/23 MidYear review.

Project Mgr:

Estimated Total Cost $645,601 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, completed landscape and irrigation renovation along the pathway adjacent to Iron Horse Trail as well as minor repairs to asphalt pathway throughout the zone; replaced the entry monument to subdivision on Alcosta Boulevard; landscape and irrigation renovations; and park strip renovation on Summerwood Loop between Alcosta Boulevard and Fallen Leaf Circle. FY 2024/25 work includes mulching and landscape renovations in various locations within the zone. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 5
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 5.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 160,956 10,000 0 10,000 0 0 645,601 464,645
Totals 160,956 10,000 0 10,000 0 0 645,601 464,645
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 160,956 10,000 0 10,000 0 0 645,601 464,645 Totals 160,956 10,000 0 10,000 0 0 645,601 464,645
CIP 2024-25 Page 5 CIP#: 300005

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300006
West Branch Zone Improvements - Zone 6
The Engineer's Report adopted by City Council approved the creation of project funded by the West Branch Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $1,413,920 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 6
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 6.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 174,920 3,000 431,900 83,500 17,000 25,000 1,413,920 678,600 Totals 174,920 3,000 431,900 83,500 17,000 25,000 1,413,920 678,600 Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 174,920 3,000 431,900 83,500 17,000 25,000 1,413,920 678,600 Totals 174,920 3,000 431,900 83,500 17,000 25,000 1,413,920 678,600 CIP 2024-25 Page 6 CIP#: 300006

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PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300007
Bent Creek Zone Improvements - Zone 7
The Engineer's Report adopted by City Council approved the creation of project funded by the Bent Creek Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $298,852 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, completed replacement of remote control valves, irrigation valves on Alcosta Boulevard, landscape renovation at Dougherty Road entry corners, and painting of gazebos. FY 2024/25, continue landscape renovation, remote control valve replacement, and painting and sealing of bridge overpass in zone. There are no new improvements scheduled for FY 2024/25. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 7
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 7.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 176,352 0 0 0 5,000 2,000 298,852 115,500
Totals 176,352 0 0 0 5,000 2,000 298,852 115,500
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 176,352 0 0 0 5,000 2,000 298,852 115,500 Totals 176,352 0 0 0 5,000 2,000 298,852 115,500
CIP 2024-25 Page 7 CIP#: 300007

5.2.b
Packet Pg. 265 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300008
Deerwood Zone Improvements - Zone 8
The Engineer's Report adopted by City Council approved the creation of project funded by the Deerwood Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $91,441 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 8
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 8.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 81,441 0 0 5,000 0 5,000 91,441 0
Totals 81,441 0 0 5,000 0 5,000 91,441 0
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 81,441 0 0 5,000 0 5,000 91,441 0
Totals 81,441 0 0 5,000 0 5,000 91,441 0
CIP 2024-25 Page 8 CIP#: 300008

5.2.b
Packet Pg. 266 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300009
Country View Zone Improvements - Zone 9
The Engineer's Report adopted by City Council approved the creation of project funded by the Country View Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $61,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. FY 2022/23 completed landscape renovation including irrigation controllers and remote control valve replacement in various locations in zone. FY 2024/25 work includes supplemental landscape and irrigation renovations following completion of the Crow Canyon Widening Projects (CIPs 905328 and 905327). See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 9
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 9.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 11,000 10,000 0 0 0 0 61,000 40,000
Totals 11,000 10,000 0 0 0 0 61,000 40,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 11,000 10,000 0 0 0 0 61,000 40,000
Totals 11,000 10,000 0 0 0 0 61,000 40,000
CIP 2024-25 Page 9 CIP#: 300009

5.2.b
Packet Pg. 267 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300010
Old Ranch Estates Zone Improvements - Zone 10
The Engineer's Report adopted by City Council approved the creation of project funded by the Old Ranch Estates Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $188,500 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 10
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 10.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 180,000 0 0 0 8,500 0 188,500 0
Totals 180,000 0 0 0 8,500 0 188,500 0
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 180,000 0 0 0 8,500 0 188,500 0
Totals 180,000 0 0 0 8,500 0 188,500 0
CIP 2024-25 Page 10 CIP#: 300010

5.2.b
Packet Pg. 268 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300011
Village Parkway Zone Improvements - Zone 11
The Engineer's Report adopted by City Council approved the creation of project funded by the Village Parkway Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $79,580 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 11
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 11.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 70,880 0 1,000 0 1,000 0 79,580 6,700
Totals 70,880 0 1,000 0 1,000 0 79,580 6,700
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 70,880 0 1,000 0 1,000 0 79,580 6,700
Totals 70,880 0 1,000 0 1,000 0 79,580 6,700
CIP 2024-25 Page 11 CIP#: 300011

5.2.b
Packet Pg. 269 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300012
El Nido Zone Improvements - Zone 12
The Engineer's Report adopted by City Council approved the creation of project funded by the El Nido Fund and Citywide Landscaping Fund. City council authorized Mid-Year appropriation of $5,000 on March 9, 2021.

Project Mgr:

Estimated Total Cost $27,877 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 12
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 12.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 17,377 0 0 0 0 0 27,877 10,500
Totals 17,377 0 0 0 0 0 27,877 10,500
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 17,377 0 0 0 0 0 27,877 10,500
Totals 17,377 0 0 0 0 0 27,877 10,500
CIP 2024-25 Page 12 CIP#: 300012

5.2.b
Packet Pg. 270 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300013
Crown Ridge Zone Improvements - Zone 13
The Engineer's Report adopted by City Council approved the creation of project funded by the Crown Ridge Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $84,546 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, completed irrigation cabinets upgrade and controllers and landscape renovation along Westside Drive; and remote control valve replacements and landscape renovations on Westside Drive. FY 2024/25 includes irrigation and landscape renovations throughout the zone. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 13
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 13.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 35,546 3,000 0 0 0 0 84,546 46,000
Totals 35,546 3,000 0 0 0 0 84,546 46,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 35,546 3,000 0 0 0 0 84,546 46,000
Totals 35,546 3,000 0 0 0 0 84,546 46,000
CIP 2024-25 Page 13 CIP#: 300013

5.2.b
Packet Pg. 271 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300014
Four Oaks Zone Improvements - Zone 14
The Engineer's Report adopted by City Council approved the creation of project funded by the Four Oaks Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $5,245 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 14
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 14.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 5,245 0 0 0 0 0 5,245 0
Totals 5,245 0 0 0 0 0 5,245 0
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 5,245 0 0 0 0 0 5,245 0
Totals 5,245 0 0 0 0 0 5,245 0
CIP 2024-25 Page 14 CIP#: 300014

5.2.b
Packet Pg. 272 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300015
Circle E Zone Improvements - Zone 15
The Engineer's Report adopted by City Council approved the creation of project funded by the Circle E Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $125,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. To date, completed landscape renovation along slope area, repairs to access roads and trails; replacement of remote control valves. FY 2024/25, continue to repair gravel access road and trail repair within the zone. There are no new improvement projects scheduled in FY 2024/25. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 15
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 15.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 68,000 0 3,000 0 0 0 125,000 54,000
Totals 68,000 0 3,000 0 0 0 125,000 54,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 68,000 0 3,000 0 0 0 125,000 54,000
Totals 68,000 0 3,000 0 0 0 125,000 54,000
CIP 2024-25 Page 15 CIP#: 300015

5.2.b
Packet Pg. 273 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300016
Thomas Ranch Zone Improvements - Zone 16
The Engineer's Report adopted by City Council approved the creation of project funded by the Thomas Ranch Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $15,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 16
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 16.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 0 0 0 0 0 0 15,000 15,000
Totals 0 0 0 0 0 0 15,000 15,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 0 0 0 0 0 0 15,000 15,000
Totals 0 0 0 0 0 0 15,000 15,000
CIP 2024-25 Page 16 CIP#: 300016

5.2.b
Packet Pg. 274 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300017
Henry Ranch Zone Improvements - Zone 17
The Engineer's Report adopted by City Council approved the creation of project funded by the Henry Ranch Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $15,657 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 17
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 17.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 4,157 0 0 0 0 0 15,657 11,500
Totals 4,157 0 0 0 0 0 15,657 11,500
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 4,157 0 0 0 0 0 15,657 11,500
Totals 4,157 0 0 0 0 0 15,657 11,500
CIP 2024-25 Page 17 CIP#: 300017

5.2.b
Packet Pg. 275 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300018
Old Ranch Summit Zone Improvements - Zone 18
The Engineer's Report adopted by City Council approved the creation of project funded by the Old Ranch Summit Fund and Citywide Landscaping Fund.

Project Mgr:

Estimated Total Cost $240,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 18
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 18.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 210,000 0 0 0 5,000 0 240,000 25,000
Totals 210,000 0 0 0 5,000 0 240,000 25,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 210,000 0 0 0 5,000 0 240,000 25,000
Totals 210,000 0 0 0 5,000 0 240,000 25,000
CIP 2024-25 Page 18 CIP#: 300018

5.2.b
Packet Pg. 276 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300019
Glass House Zone Improvements - Zone 19
The Engineer's Report adopted by City Council approved the creation of project funded by the Glass House Fund.

Project Mgr:

Estimated Total Cost $49,401 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Savell/Watson

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 19
Project Description
This project provides for the replacement and renovation of improvements as identified in the Engineer’s Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 19.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 32,401 0 0 0 0 0 49,401 17,000
Totals 32,401 0 0 0 0 0 49,401 17,000
Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 32,401 0 0 0 0 0 49,401 17,000
Totals 32,401 0 0 0 0 0 49,401 17,000
CIP 2024-25 Page 19 CIP#: 300019

5.2.b
Packet Pg. 277 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) Capital Improvement Program 2024/25 - 2028/29

PROJECT DESCRIPTION/STATUS REPORT
Project Number: 300021
Citywide Lighting Zone Street Lights Improvements - Zone 1 The Engineer's Report adopted by the City Council approved the creation of project funded by the Citywide Lighting Fund.

Project Mgr:

Estimated Total Cost $525,000 Est. Annual Oper/Maint. Cost $0 Category:Landscaping Fitzpatrick/Bender

4. Build and maintain quality facilities and infrastructure Project Cost Estimate
Project Funding
New Project
Project Authorization
Comments
Starting in FY 2019/20, individual CIPs were created for each Zone/Special Zone in Landscape & Lighting District 1984-1 (L&L) for more efficient tracking. This project will replace the City street lights as required. Initial funding is expected to be low as most lights are within the operational life and/or are under warranty. Costs will increase with time. Initial replacements will be limited and as needed. Future replacements will be systematic. FY 2024/25, continue relamping of street lights. There are sufficient parts available for relamping, so no new purchases are anticipated in FY 2024/25. See L&L Engineer's Report for FY 2024/25 for additional details and scope of work scheduled.

City Council Priority and Goals
Project Location
Landscaping and Lighting District 1984-1 Zone 1
Project Description
This project provides for the replacement and upgrade of street lights on an on-going basis, as identified in the Engineer's Report and within the boundaries of the Landscaping and Lighting District 1984-1, Zone 1.

Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total All Costs 225,000 0 50,000 50,000 75,000 75,000 525,000 50,000 Totals 225,000 0 50,000 50,000 75,000 75,000 525,000 50,000 Prior Year 2024-25 2025-26 2026-27 2027-28 2028-29 Beyond 5 Yr Total Landscape & Ltg. 225,000 0 50,000 50,000 75,000 75,000 525,000 50,000 Totals 225,000 0 50,000 50,000 75,000 75,000 525,000 50,000 CIP 2024-25 Page 20 CIP#: 300021

5.2.b
Packet Pg. 278 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) D-1

APPENDIX D

CITY OF SAN RAMON

LANDSCAPING & LIGHTING DISTRICT GUIDELINES

TRANSFER OF LANDSCAPING MAINTENANCE RESPONSIBILITIES FROM PRIVATE

PROPERTY OWNER(S)/DEVELOPERS TO THE CITY OF SAN RAMON FOR AREAS

ADJACENT TO THE PUBLIC RIGHT-OF-WAY
From time to time private property owner(s), Homeowners' Associations, or developers request that the City assume maintenance of existing private property, it is important to establish procedural guidelines for the assumption of such responsibilities. These guidelines are:

New Development

1. If the owner(s)/developer of a new development wishes to have an area maintained by the City, discussions will be initiated with the City during the planning review process.

2. The owner(s)/developer shall provide area and landscaping information to the City so that the City can develop maintenance cost estimates and the corresponding assessment amount.

3. After the City determines the assessment amount, including an assessment range or inflation factor, the owner(s)/developer shall petition the City in writing to request formation of a Special Landscaping & Lighting District or Special Zone within the existing Landscaping & Lighting District. This petition shall be in conformance with the Right to Vote on Taxes Act (Proposition 218).

4. Following review and confirmation of the petition, the City shall conduct a public hearing and an election of the owner(s) in accordance with the Landscaping and Lighting Act and the Right to Vote on Taxes Act. The Public Hearing and election shall occur prior to the approval (vesting) of the development with Conditions of Approval. The assessment may only be levied if there is not a majority protest and a majority of the ballots weighted according to the proportional financial obligation of the affected property, are in favor of the proposal.

5. The owner(s)/developer can proceed to obtain City development approval designating the area(s) to be conveyed to and maintained by the City on appropriate development maps and plans.

6. Properties will be assessed upon Final Map approval by the City, recordation by the County Recorder's Office, and inclusion of the parcels on the Assessment Roll by the County Assessor's Office. It shall be the responsibility of the current property owner of each parcel to pay the assessment.

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Packet Pg. 279 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) D-2

7. The owner(s)/developer shall be responsible to disclose the assessment on properties that are sold. If a Homeowners' Association is created within the development, the assessment shall be explained in the CC&Rs.

8. The owner(s)/developer shall install irrigation and landscaping in conformance with the approved landscaping plans. The approved plans shall be in accordance with information provided during the development review process and the City of San Ramon's Beautification Guidelines.

9. Following the completion of a minimum one-year warranty maintenance period, the City shall accept maintenance of the area.

Existing Developments

1. Discussions with the City for the transfer of maintenance shall be initiated by the property owner(s) or Homeowners' Association. The owner(s) shall provide available area and landscaping information to the City so that the City can develop any capital and/or maintenance costs and the corresponding assessment amount.

2. Based upon these discussions, the City shall determine an assessment amount, which will include an assessment range or inflation factor. The assessment amount shall include the capital costs required to bring the property up to City Beautification Standards, as well as the ongoing maintenance costs. The City may assist in financing these capital improvements through annual installment assessments consistent with the provisions of the Landscaping and Lighting Act.

3. After the City determines the assessment amount, the owner(s) shall petition the City in writing to request formation of a Special Landscaping & Lighting District or Special Zone within the existing Landscaping & Lighting District. This petition shall be in accordance with the Right to Vote on Taxes Act.

4. Following review and confirmation of the petition, the City shall conduct a Public Hearing and an election of the owner(s) in accordance with the Landscaping and Lighting Act and the Right to Vote on Taxes Act. The assessment may only be levied if there is not a majority protest and a majority of the ballots weighted according to the proportional financial obligation of the affected property, are in favor of the proposal.

5. The owners of the property shall convey title of the property to be maintained (including any existing facilities such as water meters), to the City.

6. Properties will be assessed upon inclusion of the assessment on the County Assessment Roll.

7. Property owners shall be responsible for disclosing the assessment upon the sale of their private property. If there is a Homeowners' Association, the assessment shall be explained in the CC&Rs.

8. Properties will be assessed upon inclusion of the parcels on the Assessment Roll by the County Assessor's Office.

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Packet Pg. 280 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) D-3

BENEFIT METHODOLOGY
According to the Landscaping and Lighting Act, the assessment "may be apportioned by any formula or method, which fairly distributes the new amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements" (Streets and Highways Code, Section 22573). Under the Right to Vote on Taxes Act, only special benefits are assessable.

Citywide Assessment
The Citywide assessment was confirmed by a majority vote for Measure K during the November 1996 elections. Measure K provides for a continuation of the $53 per unit per year Citywide Assessment through June 1998. On July 1, 1998, the Citywide assessment increased to $59 per unit per year.

On July 11, 2006, the City Council approved Resolution No. 2006-106 adopting the new rate of $79 per unit for FY 2006/07, which includes an annual adjustment based on the Consumer Price Index (CPI) not to exceed 2%.

The Citywide Assessment provides for street lighting and three categories of landscaping:

Category 1 - Bishop Ranch Area
Landscaping maintenance within the Bishop Ranch area is governed by their Annexation Agreement to the City of San Ramon.

Category 2 - Arterial Medians
Medians along arterials are the responsibility of the City and will be maintained at a standard determined by the City. Arterials are: Crow Canyon Road, Bollinger Canyon Road (between Crow Canyon Road and Alcosta Boulevard), San Ramon Valley Boulevard, Alcosta Boulevard, Dougherty Road, Village Parkway, Fostoria Way, and Old Ranch Road.

Category 3 - Arterial Roadsides
Roadsides along arterials are the shared responsibility of the City and the adjacent private development – 30% of the cost for arterial roadsides is included within the Citywide Assessment while the remaining 70% is included within the special zone assessments described below. This shared responsibility is based upon the following factors:
a. Enhanced landscaping along arterial roadsides provides special benefit to both the City and the adjacent property owners.
b. Portions of the landscaped arterial roadside areas were previously maintained by the adjacent development, or private property owners, and were then deeded over to the City for maintenance.

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Packet Pg. 281 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) D-4
c. Arterial roadside landscaping was originally installed as part of the private development. d. In some cases, landscaped arterial roadside areas provide special benefit by serving as an entry statement into the private development area.

Confirmation of the Citywide Assessment was based on the methodology as prescribed in the FY 1996/97 Engineer's Report for the City of San Ramon Landscaping & Lighting District 1984-1.

As a result, the methodology did not include the assessment of any public agency properties for the Citywide Assessment. Starting in FY 2006/07 public agencies including fire stations, schools (both public and private), churches, and City owned facilities will be assessed using the commercial/institutional methodology. The methodology for nonresidential, commercial, and industrial properties remains consistent with the FY 1996/97 Engineer's Report.

Special Zone Assessments
Special zone assessments provide for landscaping and maintenance of landscaping in two categories:

Category 1 - Arterial Roadside
Roadsides along arterials are the shared responsibility of the City and the adjacent private development. The special zone assessments provide for 70% of the cost of arterial roadsides.

Category 2 - Other Areas
Public medians, parkways, public open space, and roadsides other than arterial medians and arterial roadsides provide a special benefit to and are the responsibility of the private development adjacent to such landscaping. Therefore, all costs associated with these areas are provided by the special zone assessment.

City services for the landscaping or the maintenance of these two categories will be assessed on a benefit basis against properties through the creation of a special zone. The special assessment zone will be defined by either the boundaries of the specific subdivision requesting the maintenance or by the District Engineer who will determine special benefit.

Currently, there are 17 special zones:

1. Special Zone 3 - Canyon Lakes 10. Special Zone 12 - El Nido

2. Special Zone 4 - Vista San Ramon 11. Special Zone 13 - Crown Ridge

3. Special Zone 5 - Summerwood Loop 12. Special Zone 14 - Four Oaks

4. Special Zone 6 - West Branch 13. Special Zone 15 - Circle E

5. Special Zone 7 - Bent Creek 14. Special Zone 16 - Thomas Ranch

6. Special Zone 8 - Deerwood 15. Special Zone 17 - Henry Ranch

7. Special Zone 9 - Country View 16. Special Zone 18 - Old Ranch Summit

8. Special Zone 10 - Old Ranch Estates 17. Special Zone 19 - Glass House

9. Special Zone 11 - Village Parkway

5.2.b
Packet Pg. 282 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District)

APPENDIX E

STREET LANDSCAPING & LIGHTING UNIT FACTORS
By Land Use and Use Code
Use Intensity & Security &
Land Use Code1 Visibility Pedestrian Aesthetics Total
Single Family 11-19 .375 .25 .375 1.00
Condominium 29 .250 .25 .250 .75
Multiple Residential (including hotels, motels)
Units:

Two 21 .50 .50 .50 1.50
Three 22 .75 .75 .75 2.25
Four 23 1.00 1.00 1.00 3.00
Five 24 1.25 1.25 1.25 3.75
6 - 12 25 2.50 2.50 2.50 7.50
13 - 24 26 4.50 4.50 4.50 13.50
25 - 59 27 5.00 10.00 5.00 20.00
60 - 80 28 8.75 17.50 8.75 35.00
81 - 100 28 11.25 22.50 11.25 45.00
101 - 200 28 18.75 37.50 18.75 75.00
201 - 400 28 37.50 75.00 37.50 150.00
401 - 600 28 62.50 125.00 62.50 250.00
601 - 800 28 87.50 175.00 87.50 350.00
801 - 1000 28 112.00 225.00 112.50 450.00
etc. etc. etc. etc. etc. etc.

Industrial 50 - 59 Assessment based on frontage and total area of the parcel.

Commercial and 29 - 49 Please see below
Institutional 70 - 79 Please see below
Industrial (Codes 50 - 59 - Frontage Factor plus Area Factor) Frontage (Ft) Factors Parcel Area (SF) Parcel Area (AC) Factors 0 - 200 4 0 - 25,000 0.00 - 0.57 4
201 - 500 12 25,001 - 100,000 0.58 - 2.29 12
501 - 1000 24 100,001 - 250,000 2.30 - 5.79 24
1001 or more 36 250,001 or more 5.80 or more 36
Commercial and Institutional (Codes 29 - 49 and 70 - 79 - Frontage Factor plus Area Factor) Frontage (Ft) Factors Parcel Area (SF) Parcel Area (AC) Factors 0 - 200 4 0 - 5,000 0.00 - .11 4
201 - 500 8 5,001 - 10,000 0.12 - .22 8
501 - 1,000 12 10,001 - 25,000 .23 - .58 12
1,001 - 3,000 16 25,001 - 100,000 .59 - 2.29 16
3,001 - 5,000 24 100,001 - 500,000 2.30 - 11.49 24
5,001 or more 36 500,001 or more 11.50 or more 36
1The Use Code is the designation used by the County Assessor's Office to indicate how the land is being used.

E-1

5.2.b
Packet Pg. 283 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-1

APPENDIX F
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 1 - CITYWIDE LIGHTING
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 1,154,368 $ 899,420 $ 894,440 $ 728,930

REVENUES
Assessment Revenue 801,564 801,564 801,564 935,202
Return Funding - CIP - - - -
Interest/Finance Adjustment 5,976 - - -
Damage Reimbursement 30,190 - - -
Total Revenues 837,729 801,564 801,564 935,202

EXPENDITURES
Personnel 191,154 203,631 203,631 221,899
Contracts 50,716 28,540 28,540 28,540
Utilities 462,373 435,000 435,000 589,000
Materials & Supplies 16,805 22,700 22,700 22,900
Other - - - -
Indirect Costs 72,201 87,396 87,396 113,917
Assessment Collection Fee 13,003 21,158 21,158 21,158
LED Project Financing Lease Pmt 68,407 70,648 70,648 29,831 Total Expenditures 874,658 869,073 869,073 1,027,245
Net Increase (Decrease) in Fund Balance (36,929) (67,509) (67,509) (92,043) Fund Balance w/o Project Costs 1,117,440 831,911 826,930 636,887 % of Operating Costs 128% 96% 95% 62%

IMPROVEMENT PROJECTS
CIP 300001 - Street Light Pole Painting - - - -
CIP 300001 - Signal Pole Painting 48,000 48,000 48,000 - CIP 300021 - Relamping 75,000 50,000 50,000 -
CIP 905530 - IHT Overcrossing 100,000 - - -
Total Improvement Projects 223,000 98,000 98,000 -
Net Increase (Decrease) in Fund Balance (259,929) (165,509) (165,509) (92,043)

FUND BALANCE
Fund Balance, June 30 $ 894,440 $ 733,911 $ 728,930 $ 636,887 % of Operating Costs 102% 84% 84% 62%

LEVY INFORMATION
Total Special Assessment 801,564 801,564 801,564 935,202 Total Parcels Levied 26,515.50 26,515.50 26,515.50 26,515.50 Assessment Rate 30.23 30.23 30.23 35.27
Maximum Assessment Rate 33.90 34.58 34.58 35.27

5.2.b
Packet Pg. 284 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-2
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 2 – CITYWIDE LANDSCAPING
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 538,180 $ 487,708 $ 691,873 $ 659,741

REVENUES
Assessment Revenue 1,822,457 1,858,878 1,858,878 1,896,200 Return Funding - CIP - - - -
Interest/Finance Adjustment 5,646 - - -
Damage Reimbursement 14,326 - - -
Electric Vehicle Charging Station - 800 800 800
Fostoria Revenue (Town of Danville) 11,409 11,409 11,409 Total Revenues 1,842,429 1,871,087 1,871,087 1,908,409

EXPENDITURES
Personnel - Public Services 320,170 392,360 392,360 406,689 Personnel - Engineering 10,995 22,152 22,152 33,362
Contracts 410,303 420,513 420,513 431,530
Utilities 307,217 421,950 421,950 424,850
Materials & Supplies 1,152 17,050 17,050 17,050
Other 605 650 650 650
Indirect Costs 128,447 158,675 158,675 169,193
Transfers Out to Special Zones - 30% Arterial Share 366,148 358,719 358,719 362,059 Total Expenditures 1,545,037 1,792,069 1,792,069 1,845,383 Net Increase (Decrease) in Fund Balance 297,393 79,018 79,018 63,026 Fund Balance w/o Project Costs 835,573 566,726 770,891 722,767 % of Operating Costs 54% 32% 43% 39%

IMPROVEMENT PROJECTS
CIP 300002 - Landscape Renovation 60,000 60,000 60,000 60,000 CIP 300002 - Irrigation Cabinets - - - -
CIP 300002 - Remote Control Valves - - - -
CIP 300002 - Irrigation Controllers - - - -
CIP 300002 - Irrigation Renovation - - - -
CIP 300002 - Tree Removal/Replacement 12,000 12,000 12,000 12,000 CIP 300002 - Soundwall Repairs - - -
Transfers Out to Special Zones - 30% Arterial Share 71,700 39,150 39,150 17,400 Total Improvement Projects 143,700 111,150 111,150 89,400 Net Increase (Decrease) in Fund Balance 153,693 (32,132) (32,132) (26,374)

FUND BALANCE
Fund Balance, June 30 $ 691,873 $ 455,576 $ 659,741 $ 633,367 % of Operating Costs 45% 25% 37% 34%

LEVY INFORMATION
Total Special Assessment 1,822,552 1,858,878 1,858,878 1,896,200 Total Parcels Levied 24,881.25 24,881.25 24,881.25 24,881.25 Assessment Rate 73.25 74.71 74.71 76.21
Maximum Assessment Rate 73.25 74.71 74.71 76.21

5.2.b
Packet Pg. 285 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-3
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 3 - CANYON LAKES
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 779,567 $ 503,556 $ 605,940 $ 519,773

REVENUES
Assessment Revenue - 210,823 210,823 240,940
Return Funding - CIP - - - -
Interest 5,762 - - -
Damage Reimbursement (2,698) - - -
HOA Contribution to Landscape Renovation - - - -
Other Revenue (Transfers from Citywide) 103,290 103,282 103,282 105,231 Total Revenues 106,354 314,105 314,105 346,171

EXPENDITURES
Personnel 79,534 111,554 111,554 112,535
Contracts 42,996 66,508 66,508 68,203
Utilities 85,240 118,800 118,800 120,400
Materials & Supplies 3,796 8,700 8,700 8,700
Indirect Costs 33,415 38,710 38,710 40,930
Total Expenditures 244,981 344,272 344,272 350,768
Net Increase (Decrease) in Fund Balance (138,627) (30,167) (30,167) (4,597) Fund Balance w/o Project Costs 640,940 473,389 575,773 515,176 % of Operating Costs 262% 138% 167% 147%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300003 - Remote Control Valves 10,000.00 25,000 25,000 5,000 CIP 300003 - Tree Removal/Replacement 25,000.00 10,000 10,000 10,000 CIP 300003 - Landscape Renovation 15,000.00 45,000 45,000 30,000 Transfer from Citywide - 30% Share of Arterial (15,000.00) (24,000) (24,000) (13,500) Total Improvement Projects 35,000.00 56,000 56,000 31,500 Net Increase (Decrease) in Fund Balance (173,626.71) (86,167) (86,167) (36,097)

FUND BALANCE
Fund Balance, June 30 $ 605,940 $ 417,389 $ 519,773 $ 483,676 % of Operating Costs 247% 121% 151% 138%

LEVY INFORMATION
Total Special Assessment 210,823 210,823 210,823 240,940 Total Parcels Levied 3,011.75 3,011.75 3,011.75 3,011.75 Assessment Rate 70 70 70 80
Maximum Assessment Rate 110 110 110 110

5.2.b
Packet Pg. 286 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-4
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 4 – VISTA SAN RAMON
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 44,946 $ 23,309 $ 31,461 $ 60,312

REVENUES
Assessment Revenue 28,980 28,980 61,985 63,434
Return Funding - CIP - - - -
Interest 278 - - -
Damage Reimbursement - - - -
Other Revenue (Transfers from Citywide) 6,363 6,257 6,257 6,362 Total Revenues 35,621 35,237 68,242 69,796

EXPENDITURES
Personnel 8,829 8,046 8,046 8,440
Contracts 9,003 9,316 9,316 9,503
Utilities 13,104 16,100 16,100 16,800
Materials & Supplies - 1,500 1,500 1,500
Indirect Costs 4,171 4,429 4,429 4,788
Total Expenditures 35,106 39,391 39,391 41,031
Net Increase (Decrease) in Fund Balance 515 (4,154) 28,851 28,765 Fund Balance w/o Project Costs 45,461 19,155 60,312 89,077 % of Operating Costs 129% 49% 153% 217%

IMPROVEMENT PROJECTS
Interior
CIP 300004 - Irrigation Controller - - - 6,500
CIP 300004 - Mulch 14,000 - - -
CIP 300004 - Landscape Renovation - - - 15,000
CIP 300004 - Irrigation Renovation - - - -
CIP 300004 - Replace Master Valve - - - -
CIP 300004 - Tree Removal/Replacement - - - -
Arterial
CIP 300004 - Irrigation Controller - - - -
CIP 300004 - Landscape Renovation - - - -
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvement Projects 14,000 - - 21,500
Net Increase (Decrease) in Fund Balance (13,485) (4,154) 28,851 7,265

FUND BALANCE
Fund Balance, June 30 $ 31,461 $ 19,155 $ 60,312 $ 67,577 % of Operating Costs 90% 49% 153% 165%

LEVY INFORMATION
Total Special Assessment 28,980 61,985 61,985 63,434
Total Parcels Levied 161 161 161 161
Assessment Rate 180 385 385 394
Maximum Assessment Rate 180 385 385 394

5.2.b
Packet Pg. 287 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-5
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 5 - SUMMERWOOD LOOP
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 59,192 $ 23,369 $ 68,361 $ 54,497

REVENUES
Assessment Revenue 40,837 50,520 50,520 42,100
Interest 230 - - -
Return Funding - CIP - - - -
Other Revenue (Transfers from Citywide) 21,134 27,211 27,211 23,900 Total Revenues 62,201 77,731 77,731 66,000

EXPENDITURES
Personnel 11,443 20,439 20,439 23,477
Contracts 10,584 18,448 18,448 17,976
Utilities 14,545 19,070 19,070 21,270
Materials & Supplies 514 1,150 1,150 1,150
Indirect Costs 5,946 7,488 7,488 8,438
Total Expenditures 43,032 66,595 66,595 72,311
Net Increase (Decrease) in Fund Balance 19,169 11,136 11,136 (6,311) Fund Balance w/o Project Costs 78,361 34,505 79,497 48,186 % of Operating Costs 182% 52% 119% 67%

DEFERRED MAINTENANCE PROJECTS
Arterial Only - - - 63,873

IMPROVEMENT PROJECTS
Interior
CIP 300005 - Landscape Renovation 10,000 25,000 25,000 5,000 CIP 300005 - Mulch - - - 5,000
CIP 300005 - Remote Control Valves - - - -
Arterial
CIP 300005 - Landscape Renovation - - - -
Transfer from Citywide - 30% Share of Arterial - - -
Total Improvement Projects 10,000 25,000 25,000 10,000
Net Increase (Decrease) in Fund Balance 9,169 (13,864) (13,864) (16,311)

FUND BALANCE
Fund Balance, June 30 $ 68,361 $ 9,505 $ 54,497 $ 38,186 % of Operating Costs 159% 14% 82% 53%

LEVY INFORMATION
Total Special Assessment 40,837 50,520 50,520 42,100
Total Parcels Levied 421 421 421 421
Assessment Rate 97 120 120 100
Maximum Assessment Rate 160 160 160 160

5.2.b
Packet Pg. 288 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-6
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 6 – WEST BRANCH
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 130,472 $ 102,711 $ 154,303 $ 160,521

REVENUES
Assessment Revenue 240,065 240,065 240,065 240,065
Return Funding - CIP - - - -
Interest 949 - - -
Other Revenue (Damage Reimbursement)
Other Revenue (Transfers from Citywide) 108,016 87,308 87,308 86,887 Total Revenues 349,030 327,373 327,373 326,952

EXPENDITURES
Personnel-Landscape 39,177 69,928 69,928 76,087
Personnel-Aquatics 9,246 11,849 11,849 12,733
Contracts 84,733 101,017 101,017 103,344
Utilities 77,306 93,100 93,100 82,900
Materials & Supplies - 9,150 9,150 9,150
Indirect Costs 37,738 36,111 36,111 37,545
Total Expenditures 248,199 321,155 321,155 321,759
Net Increase (Decrease) in Fund Balance 100,831 6,218 6,218 5,193 Fund Balance w/o Project Costs 231,303 108,929 160,521 165,714 % of Operating Costs 93% 34% 50% 52%

IMPROVEMENT PROJECTS
Interior
CIP 300006 - Landscape Renovation - - - -
Arterial
CIP 300006 - Step Fountain CL2 Tablet Feeders - - - -
CIP 300006 - Step Fountain Sump Pump - - - -
CIP 300006 - Step Fountain Sand Filter - - - -
CIP 300006 - Step Fountain Filter Pump - - - -
CIP 300006 - Step Fountain Display Pumps/Motors 110,000 - - - CIP 300006 - Step Fountain Backwash Valve & Mulit-Port Handle - - - 3,000 CIP 300006 - Reflection Fountain CL2 Tablet Feeders - - - - CIP 300006 - Reflection Fountain Sump Pump - - - -
CIP 300006 - Reflection Fountain Sand Filter - - - -
CIP 300006 - Reflection Fountain Filter Pump - - - -
CIP 300006 - Reflection Fountain Display Pumps/Motors - - - - CIP 300006 - Recoat Step Fountain - - - -
CIP 300006 - Remote Control Valves - - - -
CIP 300006 - Landscape Renovation - - - -
CIP 300006 - Tree Removal/Replacement - - - -
CIP 300006 - Soundwalls - Repair/Paint - - - -
Transfer from Citywide - 30% Share of Arterial (33,000) - - (900) Total Improvement Projects 77,000 - - 2,100
Net Increase (Decrease) in Fund Balance 23,831 6,218 6,218 3,093

FUND BALANCE
Fund Balance, June 30 $ 154,303 $ 108,929 $ 160,521 $ 163,614 % of Operating Costs 62% 34% 50% 51%

LEVY INFORMATION
Total Special Assessment 240,065 240,065 240,065 240,065 Total Parcels Levied 631.75 631.75 631.75 631.75
Assessment Rate 380 380 380 380
Maximum Assessment Rate 380 380 380 380

5.2.b
Packet Pg. 289 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-7
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 7 - BENT CREEK
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 140,772 $ 124,326 $ 164,487 $ 133,101

REVENUES
Assessment Revenue 201,140 201,140 201,140 201,140
Return Funding - CIP - - - -
Interest 795 - - -
Other Revenue (Transfers from Citywide) 21,718 22,685 22,685 24,077 Total Revenues 223,653 223,825 223,825 225,217

EXPENDITURES
Personnel 37,996 44,831 44,831 48,365
Contracts 60,751 69,600 69,600 71,631
Utilities 54,539 80,000 80,000 87,000
Materials & Supplies 3,112 6,700 6,700 6,700
Indirect Costs 21,041 25,480 25,480 28,230
Total Expenditures 177,438 226,611 226,611 241,926
Net Increase (Decrease) in Fund Balance 46,214 (2,786) (2,786) (16,709) Fund Balance w/o Project Costs 186,987 121,540 161,701 116,392 % of Operating Costs 105% 54% 71% 48%

IMPROVEMENT PROJECTS
Interior
CIP 5404 - Irrigation Cabinets - - - -
CIP 300007 - Bollards - - - -
CIP 300007- Remote Control Valves 5,000 5,000 5,000 -
CIP 300007 - Paint/Seal Bridge Overpass - 7,500 7,500 - CIP 300007 - Landscape Renovation - - - -
Arterial
CIP 300007 - Landscape Renovation 20,000 20,000 20,000 - CIP 300007 - Paint/Repair Gazebos - 3,000 3,000 -
CIP 300007- Remote Control Valves 5,000 - - -
Transfer from Citywide - 30% Share of Arterial (7,500) (6,900) (6,900) - Total Improvement Projects 22,500 28,600 28,600 -
Net Increase (Decrease) in Fund Balance 23,714 (31,386) (31,386) (16,709)

FUND BALANCE
Fund Balance, June 30 $ 164,487 $ 92,940 $ 133,101 $ 116,392 % of Operating Costs 93% 41% 59% 48%

LEVY INFORMATION
Total Special Assessment 201,140 201,140 201,140 201,140 Total Parcels Levied 452 452 452 452
Assessment Rate 445 445 445 445
Maximum Assessment Rate 445 445 445 445

5.2.b
Packet Pg. 290 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-8
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 8 – DEERWOOD
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 31,530 $ 39,876 $ 62,064 $ 60,520

REVENUES
Assessment Revenue 73,485 73,485 73,485 73,485
Return Funding - CIP - - - -
Interest 99 - - -
Other Revenue (Transfers from Citywide) 27,917 32,155 32,155 31,394 Total Revenues 101,501 105,640 105,640 104,879

EXPENDITURES
Personnel 35,063 48,576 48,576 45,747
Contracts 4,323 9,056 9,056 9,189
Utilities 22,549 36,100 36,100 36,100
Materials & Supplies - 1,400 1,400 1,400
Indirect Costs 9,031 12,052 12,052 12,211
Total Expenditures 70,967 107,184 107,184 104,647
Net Increase (Decrease) in Fund Balance 30,534 (1,544) (1,544) 232 Fund Balance w/o Project Costs 62,064 38,332 60,520 60,752 % of Operating Costs 87% 36% 56% 58%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300008 - Remote Control Valves - - - -
CIP 300008 - Landscape Renovation - - - -
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvement Projects - - - -
Net Increase (Decrease) in Fund Balance 30,534 (1,544) (1,544) 232

FUND BALANCE
Fund Balance, June 30 $ 62,064 $ 38,332 $ 60,520 $ 60,752 % of Operating Costs 87% 36% 56% 58%

LEVY INFORMATION
Total Special Assessment 73,485 73,485 73,485 73,485
Total Parcels Levied 639 639 639 639
Assessment Rate 115 115 115 115
Maximum Assessment Rate 115 115 115 115

5.2.b
Packet Pg. 291 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-9
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 9 – COUNTRY VIEW
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 41,689 $ 28,333 $ 38,818 $ 41,990

REVENUES
Assessment Revenue 9,200 9,200 18,400 -
Interest 352 - - -
Other Revenue (Transfers from Citywide) 6,367 6,526 6,526 6,682 Total Revenues 15,919 15,726 24,926 6,682

EXPENDITURES
Personnel 2,112 2,601 2,601 2,776
Contracts 3,192 6,477 6,477 6,667
Utilities 2,897 9,400 9,400 9,400
Materials & Supplies 830 830 830 830
Indirect Costs 2,060 2,446 2,446 2,599
Total Expenditures 11,090 21,754 21,754 22,272
Net Increase (Decrease) in Fund Balance 4,828 (6,028) 3,172 (15,590) Fund Balance w/o Project Costs 46,518 22,305 41,990 26,400 % of Operating Costs 419% 103% 193% 119%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300009 - Landscape Renovation - - - 5,000
CIP 300009 - Irrigation Renovation - - - 5,000
CIP 300009 - Irrigation Controllers 7,500 - - -
CIP 300009 - Remote Control Valves 3,500 - - -
Transfer from Citywide - 30% Share of Arterial (3,300) - - (3,000) Total Improvement Projects 7,700 - - 7,000
Net Increase (Decrease) in Fund Balance (2,872) (6,028) 3,172 (22,590)

FUND BALANCE
Fund Balance, June 30 $ 38,818 $ 22,305 $ 41,990 $ 19,400 % of Operating Costs 350% 103% 193% 87%

LEVY INFORMATION
Total Special Assessment 9,200 9,200 9,200 -
Total Parcels Levied 184 184 184 184
Assessment Rate 50 50 50 -
Maximum Assessment Rate 100 100 100 100

5.2.b
Packet Pg. 292 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-10
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 10 – OLD RANCH ESTATES
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 95,773 $ 19,174 $ 25,850 $ 8,101

REVENUES
Assessment Revenue 40,800 47,600 47,600 47,600
Return Funding - CIP - - - -
Interest 692 - - -
Other Revenue (Transfers from Citywide) 2,229 2,457 2,457 2,537 Total Revenues 43,721 50,057 50,057 50,137

EXPENDITURES
Personnel 12,158 14,194 14,194 15,671
Contracts 13,934 16,299 16,299 16,773
Utilities 5,777 6,150 6,150 6,850
Materials & Supplies 650 1,350 1,350 1,350
Indirect Costs 3,846 4,813 4,813 5,369
Total Expenditures 36,364 42,806 42,806 46,013
Net Increase (Decrease) in Fund Balance 7,357 7,251 7,251 4,124 Fund Balance w/o Project Costs 103,130 26,425 33,101 12,225 % of Operating Costs 284% 62% 77% 27%

IMPROVEMENT PROJECTS
Interior
CIP 300010 - Mulch - - - -
CIP 300010 - Irrigation Controllers - - - -
CIP 300010 - Remote Control Valves - - - -
CIP 300010 - Landscape Renovation/Irrigation Repairs 80,000 25,000 25,000 - Arterial
None
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvement Projects 80,000 25,000 25,000 -
Net Increase (Decrease) in Fund Balance (72,643) (17,749) (17,749) 4,124

FUND BALANCE
Fund Balance, June 30 $ 23,130 $ 1,425 $ 8,101 $ 12,225 % of Operating Costs 64% 3% 19% 27%

LEVY INFORMATION
Total Special Assessment 40,800 47,600 47,600 47,600
Total Parcels Levied 136 136 136 136
Assessment Rate 300 350 350 350
Maximum Assessment Rate 380 380 380 380

5.2.b
Packet Pg. 293 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-11
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 11 – VILLAGE PARKWAY
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 66,979 $ 44,211 $ 53,514 $ 40,163

REVENUES
Assessment Revenue 16,870 24,100 24,100 26,510
Interest 447 - - -
Other Revenue (Transfers from Citywide) 10,988 11,551 11,551 12,418 Total Revenues 28,305 35,651 35,651 38,928

EXPENDITURES
Personnel 13,138 15,899 15,899 17,556
Contracts 7,608 11,324 11,324 11,557
Utilities 3,468 6,200 6,200 6,700
Materials & Supplies - 750 750 750
Indirect Costs 3,555 4,329 4,329 4,830
Total Expenditures 27,769 38,502 38,502 41,393
Net Increase (Decrease) in Fund Balance 536 (2,851) (2,851) (2,465) Fund Balance w/o Project Costs 67,514 41,360 50,663 37,698 % of Operating Costs 243% 107% 132% 91%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300011 - Irrigation Controllers - 15,000 15,000 -
CIP 300011 - Remote Control Valves 10,000 - - -
CIP 300011 - Tree Removal Replacement - - - -
CIP 300011 - Landscape Renovation 10,000 - - -
Transfer from Citywide - 30% Share of Arterial (6,000) (4,500) (4,500) - Total Improvement Projects 14,000 10,500 10,500 -
Net Increase (Decrease) in Fund Balance (13,464) (13,351) (13,351) (2,465)

FUND BALANCE
Fund Balance, June 30 $ 53,514 $ 30,860 $ 40,163 $ 37,698 % of Operating Costs 193% 80% 104% 91%

LEVY INFORMATION
Total Special Assessment 16,870 24,100 24,100 26,510
Total Parcels Levied 241 241 241 241
Assessment Rate 70 100 100 110
Maximum Assessment Rate 110 110 110 110

5.2.b
Packet Pg. 294 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-12
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 12 – EL NIDO
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 44,951 $ 36,843 $ 45,027 $ 34,355

REVENUES
Assessment Revenue 15,010 15,010 15,010 17,380
Return Funding - CIP - - - -
Interest 329 - -
Other Revenue (Transfers from Citywide) 8,408 8,757 8,757 9,251 Total Revenues 23,747 23,767 23,767 26,631

EXPENDITURES
Personnel 6,218 8,027 8,027 9,229
Contracts 4,380 8,680 8,680 8,810
Utilities 6,853 8,500 8,500 8,500
Materials & Supplies - 700 700 700
Indirect Costs 2,720 3,282 3,282 3,598
Total Expenditures 20,171 29,189 29,189 30,837
Net Increase (Decrease) in Fund Balance 3,576 (5,422) (5,422) (4,206) Fund Balance w/o Project Costs 48,527 31,421 39,605 30,149 % of Operating Costs 241% 108% 136% 98%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300012 - Irrigation Controllers 5,000 - - -
CIP 300012 - Remote Control Valves - 7,500 7,500 -
CIP 300012 - Tree Removal/Replacement - - - -
Transfer from Citywide - 30% Share of Arterial (1,500) (2,250) (2,250) - Total Improvement Projects 3,500 5,250 5,250 -
Net Increase (Decrease) in Fund Balance 76 (10,672) (10,672) (4,206)

FUND BALANCE
Fund Balance, June 30 $ 45,027 $ 26,171 $ 34,355 $ 30,149 % of Operating Costs 223% 90% 118% 98%

LEVY INFORMATION
Total Special Assessment 15,010 15,010 15,010 17,380
Total Parcels Levied 158 158 158 158
Assessment Rate 95 95 95 110
Maximum Assessment Rate 125 125 125 125

5.2.b
Packet Pg. 295 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-13
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 13 – CROWN RIDGE
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 105,176 $ 86,643 $ 105,907 $ 89,595

REVENUES
Assessment Revenue 75,920 78,000 78,000 81,120
Return Funding - CIP - - - -
Interest 690 - -
Other Revenue (Transfers from Citywide) 19,640 20,274 20,274 21,270 Total Revenues 96,250 98,274 98,274 102,390

EXPENDITURES
Personnel 20,535 22,382 22,382 24,954
Contracts 27,185 30,001 30,001 30,850
Utilities 27,696 40,750 40,750 42,000
Materials & Supplies - 2,800 2,800 2,800
Indirect Costs 10,102 12,153 12,153 13,290
Total Expenditures 85,518 108,086 108,086 113,894
Net Increase (Decrease) in Fund Balance 10,731 (9,812) (9,812) (11,504) Fund Balance w/o Project Costs 115,907 76,831 96,095 78,091 % of Operating Costs 136% 71% 89% 69%

IMPROVEMENT PROJECTS
Interior
CIP 300013 - Irrigation Cabinets - - - -
CIP 300013 - Irrigation Controllers - - - -
CIP 300013 - Remote Control Valves - - - -
CIP 300013 - EVA Road Maintenance - - - -
CIP 300013 - Landscape Renovation 3,000 3,000 3,000 3,000 Arterial
CIP 300013 - Landscape Renovation 5,000 - - -
CIP 300013 - Remote Control Valves 5,000 5,000 5,000 -
Transfer from Citywide - 30% Share of Arterial (3,000) (1,500) (1,500) - Total Improvement Projects 10,000 6,500 6,500 3,000
Net Increase (Decrease) in Fund Balance 731 (16,312) (16,312) (14,504)

FUND BALANCE
Fund Balance, June 30 $ 105,907 $ 70,331 $ 89,595 $ 75,091 % of Operating Costs 124% 65% 83% 66%

LEVY INFORMATION
Total Special Assessment 75,920 78,000 78,000 81,120
Total Parcels Levied 104 104 104 104
Assessment Rate 730 750 750 780
Maximum Assessment Rate 1,000 1,000 1,000 1,000

5.2.b
Packet Pg. 296 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-14
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 14 – FOUR OAKS
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 36,289 $ 34,047 $ 23,590 $ 21,782

REVENUES
Assessment Revenue 10,325 10,325 10,325 10,325
Return Funding - CIP - - - -
Interest 199 - - -
Other Revenue (Transfers from Citywide) 5,386 5,200 5,200 5,497 Total Revenues 15,910 15,525 15,525 15,822

EXPENDITURES
Personnel 6,217 5,489 5,489 6,134
Contracts 18,309 5,095 5,095 5,251
Utilities 2,342 4,200 4,200 4,200
Materials & Supplies - 600 600 600
Indirect Costs 1,742 1,949 1,949 2,138
Total Expenditures 28,610 17,333 17,333 18,323
Net Increase (Decrease) in Fund Balance (12,700) (1,808) (1,808) (2,501) Fund Balance w/o Project Costs 23,590 32,239 21,782 19,281 % of Operating Costs 82% 186% 126% 105%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300014 - Tree Removal/Replacement - - - -
CIP 300014 - Irrigation Controller - - - -
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvement Projects - - - -
Net Increase (Decrease) in Fund Balance (12,700) (1,808) (1,808) (2,501)

FUND BALANCE
Fund Balance, June 30 $ 23,590 $ 32,239 $ 21,782 $ 19,281 % of Operating Costs 82% 186% 126% 105%

LEVY INFORMATION
Total Special Assessment 10,325 10,325 10,325 10,325
Unit Factors 59 59 59 59
Assessment Rate 175 175 175 175
Maximum Assessment Rate 175 175 175 175

5.2.b
Packet Pg. 297 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-15
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 15 – CIRCLE E
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 38,766 $ 32,780 $ 50,831 $ 40,760

REVENUES
Assessment Revenue 30,600 30,600 30,600 34,425
Interest 314 - - -
Other Revenue (Transfers from Citywide) 3,783 3,917 3,917 4,159 Total Revenues 34,697 34,517 34,517 38,584

EXPENDITURES
Personnel 8,619 9,433 9,433 10,459
Contracts 5,030 6,019 6,019 6,200
Utilities 10,069 17,135 17,135 18,735
Materials & Supplies 750 2,550 2,550 2,550
Indirect Costs 3,714 4,451 4,451 5,013
Total Expenditures 28,183 39,588 39,588 42,957
Net Increase (Decrease) in Fund Balance 6,515 (5,071) (5,071) (4,373) Fund Balance w/o Project Costs 45,281 27,709 45,760 36,387 % of Operating Costs 161% 70% 116% 85%

IMPROVEMENT PROJECTS
Interior
CIP 300015 - Landscape Renovation - - - -
CIP 300015 - Gravel Access Roads/Trails - 5,000 5,000 - CIP 300015 - Remote Control Valves - - - -
Arterial
CIP 300015 - Landscape Renovation - - - -
CIP 300015 - Remote Control Valves 3,000 - - -
Transfer from Citywide - 30% Share of Arterial (900) - - - Total Improvement Projects 2,100 5,000 5,000 -
Net Increase (Decrease) in Fund Balance 4,415 (10,071) (10,071) (4,373)

FUND BALANCE
Fund Balance, June 30 $ 43,181 $ 22,709 $ 40,760 $ 36,387 % of Operating Costs 153% 57% 103% 85%

LEVY INFORMATION
Total Special Assessment 30,600 30,600 30,600 34,425
Total Parcels Levied 153 153 153 153
Assessment Rate 200 200 200 225
Maximum Assessment Rate 300 300 300 300

5.2.b
Packet Pg. 298 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-16
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 16 - THOMAS RANCH
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 18,704 $ 14,659 $ 20,416 $ 17,054

REVENUES
Assessment Revenue 7,700 9,100 9,100 10,500
Interest 135 - - -
Other Revenue (Transfers from Citywide) 5,034 5,341 5,341 5,425 Total Revenues 12,869 14,441 14,441 15,925

EXPENDITURES
Personnel 3,702 5,683 5,683 5,722
Contracts 3,384 4,468 4,468 4,601
Utilities 2,093 4,900 4,900 4,900
Materials & Supplies 350 750 750 750
Indirect Costs 1,628 2,002 2,002 2,110
Total Expenditures 11,156 17,803 17,803 18,083
Net Increase (Decrease) in Fund Balance 1,713 (3,362) (3,362) (2,158) Fund Balance w/o Project Costs 20,416 11,297 17,054 14,896 % of Operating Costs 183% 63% 96% 82%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300016 - Remote Control Valves - - - -
CIP 300016 - Mulch - - - -
CIP 300016 - Landscape Renovation - - - -
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvements Projects - - - -
Net Increase (Decrease) in Fund Balance 1,713 (3,362) (3,362) (2,158)

FUND BALANCE
Fund Balance, June 30 $ 20,416 $ 11,297 $ 17,054 $ 14,896 % of Operating Costs 183% 63% 96% 82%

LEVY INFORMATION
Total Special Assessment 7,700 9,100 9,100 10,500
Total Parcels Levied 140 140 140 140
Assessment Rate 55 65 65 75
Maximum Assessment Rate 100 100 100 100

5.2.b
Packet Pg. 299 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-17
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 17 - HENRY RANCH
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 94,364 $ 73,956 $ 89,343 $ 79,413

REVENUES
Assessment Revenue 22,950 22,950 22,950 22,950
Interest 637 - - -
Damage Reimbursement - - - -
Other Revenue (Transfers from Citywide) 15,024 14,091 14,091 15,142 Total Revenues 38,611 37,041 37,041 38,092

EXPENDITURES
Personnel 6,150 6,803 6,803 7,494
Contracts 10,319 16,987 16,987 17,189
Utilities 13,549 17,150 17,150 19,150
Materials & Supplies 450 750 750 750
Indirect Costs 4,863 5,281 5,281 5,890
Total Expenditures 35,332 46,971 46,971 50,473
Net Increase (Decrease) in Fund Balance 3,280 (9,930) (9,930) (12,381) Fund Balance w/o Project Costs 97,643 64,026 79,413 67,032 % of Operating Costs 276% 136% 169% 133%

IMPROVEMENT PROJECTS
Arterial Only
CIP 300017 - Irrigation Controllers - - - -
CIP 300017 - Mulch - - - -
CIP 300017 - Landscape Renovation 5,000 - - -
Transfer from Citywide - 30% Share of Arterial (1,500) - - - Total Improvement Projects 3,500 - - -
Net Increase (Decrease) in Fund Balance (220) (9,930) (9,930) (12,381)

FUND BALANCE
Fund Balance, June 30 $ 94,143 $ 64,026 $ 79,413 $ 67,032 % of Operating Costs 266% 136% 169% 133%

LEVY INFORMATION
Total Special Assessment 22,950 22,950 22,950 22,950
Total Parcels Levied 102 102 102 102
Assessment Rate 225 225 225 225
Maximum Assessment Rate 375 375 375 375

5.2.b
Packet Pg. 300 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-18
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 18 - OLD RANCH SUMMIT

2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 43,267 $ 37,598 $ 50,421 $ 32,904

REVENUES
Assessment Revenue 18,900 18,900 18,900 18,900
Return Funding - CIP - - -
Interest (156) - - -
Other Revenue (Transfers from Citywide) 851 1,707 1,707 1,828 Total Revenues 19,595 20,607 20,607 20,728

EXPENDITURES
Personnel 10,695 6,527 6,527 7,743
Contracts 3,000 8,247 8,247 8,408
Utilities 4,229 5,450 5,450 5,950
Materials & Supplies 150 300 300 300
Indirect Costs 2,467 2,600 2,600 2,959
Total Expenditures 20,541 23,124 23,124 25,360
Net Increase (Decrease) in Fund Balance (946) (2,517) (2,517) (4,632) Fund Balance w/o Project Costs 42,321 35,081 47,904 28,272 % of Operating Costs 206% 152% 207% 111%

IMPROVEMENT PROJECTS
Interior
CIP 300018 - Remote Control Valves - - - -
CIP 300018 - Pond Clean Up - - - -
CIP 300018 - Landscape Renovation - 15,000 15,000 -
Arterial
CIP 300018 - Landscape Renovation - - - -
Transfer from Citywide - 30% Share of Arterial - - - -
Total Improvement Projects - 15,000 15,000 -
Net Increase (Decrease) in Fund Balance (946) (17,517) (17,517) (4,632)

FUND BALANCE
Fund Balance, June 30 $ 42,321 $ 20,081 $ 32,904 $ 28,272 % of Operating Costs 206% 87% 142% 111%

LEVY INFORMATION
Total Special Assessment 18,900 18,900 18,900 18,900
Total Parcels Levied 54 54 54 54
Assessment Rate 350 350 350 350
Maximum Assessment Rate 1,858 1,858 1,858 1,858

5.2.b
Packet Pg. 301 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) F-19
FY 2024/25 LANDSCAPING AND LIGHTING DISTRICT
ZONE 19 - GLASS HOUSE
2022/23
Final
2023/24
Adopted
2023/24
Projected
2024/25
Proposed
Fund Balance, July 1 $ 28,170 $ 9,492 $ 13,707 $ 9,288

REVENUES
Assessment Revenue 14,000 15,492 15,492 15,802
Interest 204 - - -
Other Revenue (Transfers from Citywide)
Total Revenues 14,204 15,492 15,492 15,802

EXPENDITURES
Personnel 3,061 3,267 3,267 3,631
Contracts 3,679 7,067 7,067 7,228
Utilities 1,353 2,450 2,450 2,750
Materials & Supplies - 450 450 450
Indirect Costs 1,230 1,677 1,677 1,857
Total Expenditures 9,322 14,911 14,911 15,916
Net Increase (Decrease) in Fund Balance 4,881 581 581 (114) Fund Balance w/o Project Costs 33,051 10,073 14,288 9,174 % of Operating Costs 355% 68% 96% 58%

IMPROVEMENT PROJECTS
Interior Only
CIP 300019 - Irrigation Controllers - - - -
CIP 300019 - Remote Control Valves - - - -
CIP 300019 - Landscape Renovation 20,000 5,000 5,000 -
Total Improvement Projects 20,000 5,000 5,000 -
Net Increase (Decrease) in Fund Balance (15,119) (4,419) (4,419) (114)

FUND BALANCE
Fund Balance, June 30 $ 13,051 $ 5,073 $ 9,288 $ 9,174
% of Operating Costs 140% 34% 62% 58%

LEVY INFORMATION
Total Special Assessment 14,000.00 15,492.17 15,492.17 15,802.01 Total Parcels Levied 3 3 3 3
Assessment Rate (rate varies by parcel) 14,000.00 15,492.17 15,492.17 15,802.01 Maximum Assessment Rate 15,188.40 15,492.17 15,492.17 15,802.01

5.2.b
Packet Pg. 302 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) G
-1

APPENDIX G
Zone
Number
Zone Name
Proposed
Unit
Factors
FY 2023/24
Levied Rate
per Unit
FY 2024/25
Proposed
Rate per
Unit
FY 2024/25
Estimated
Revenue
FY 2024/25
Proposed
Max Rate per
Unit 1 Citywide Street Lighting 26,515.50 30.23 $35.27 $935,201.69 $35.27 2 Citywide Landscaping 24,881.25 $74.71 $76.21 $1,896,200.06 $76.21 3 Canyon Lakes 3,011.75 $70.00 $80.00 $240,940.00 $110.00 4 Vista San Ramon 161 $385.00 $394.00 $63,434.00 $394.00 5 Summerwood Loop 421 $120.00 $100.00 $42,100.00 $160.00 6 West Branch 631.75 $380.00 $380.00 $240,065.00 $380.00 7 Bent Creek 452 $445.00 $445.00 $201,140.00 $445.00 8 Deerwood 639 $115.00 $115.00 $73,485.00 $115.00 9 Country View 184 $50.00 $0.00 $0.00 $100.00 10 Old Ranch Estates 136 $350.00 $350.00 $47,600.00 $380.00 11 Village Parkway 241 $100.00 $110.00 $26,510.00 $110.00 12 El Nido 158 $95.00 $110.00 $17,380.00 $125.00
13 Crown Ridge 104 $750.00 $780.00 $81,120.00 $1,000.00 14 Four Oaks 59 $175.00 $175.00 $10,325.00 $175.00
15 Circle E 153 $200.00 $225.00 $34,425.00 $300.00
16 Thomas Ranch 140 $65.00 $75.00 $10,500.00 $100.00
17 Henry Ranch 102 $225.00 $225.00 $22,950.00 $375.00
18 Old Ranch Summit 54 $350.00 $350.00 $18,900.00 $1,858.00 Glass House (SR) 1 $8,164.37 $8,327.66
Brave Church (CH) 1 $1,332.33 $1,358.98
Valley Vista (VV) 1 $5,995.47 $6,115.38
$3,978,077.76
*The owners of the three Zone 19 parcels were responsible for paying the Zone 1 and Zone 2 assessments prior to the formation of Zone 19. Therefore, these three parcels are included in the Zone 1 and Zone 2 unit factors and revenue estimates above, in addition to the Zone 19 assessment and revenue estimates. *SR - City of San Ramon, CH - Brave Church, VV - Valley Vista Senior Housing

SUMMARY OF ASSESSMENTS

ASSESSMENT PER UNIT FACTOR BY SPECIAL ZONE
19*
Total Assessment Revenue:
$15,802.01 $15,802.01

5.2.b
Packet Pg. 303 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District) G-2
Per Unit FY
2023/24
Per Unit FY
2024/25
Per Unit
Change
$30.23 $35.27 $5.04
$174.95 $191.48 $16.53
$284.95 $505.48 $220.53
$224.95 $211.48 ($13.47)
$484.95 $491.48 $6.53
$549.95 $556.48 $6.53
$219.95 $226.48 $6.53
$154.95 $111.48 ($43.47)
$454.95 $461.48 $6.53
$204.95 $221.48 $16.53
$199.95 $221.48 $21.53
$854.95 $891.48 $36.53
$279.95 $286.48 $6.53
$304.95 $336.48 $31.53
$169.95 $186.48 $16.53
$329.95 $336.48 $6.53
$454.95 $461.48 $6.53
$8,164.37 $8,327.66
$1,332.33 $1,358.98
$5,995.47 $6,115.38
$104.95 $111.48 $6.53
The Zone 1 and Zone 2 assessments for these parcels are accounted for separately from the Zone 19 assessments.

Therefore, no increase for Zone 1 and Zone 2 are showing under Zone 19. * No assessment levied for Country View (Zone 9) in FY 2024/25 Bishop Ranch Properties (Zone 1 only)
**Valley Vista (VV)(Zone 19)
**Brave Church (CH)(Zone 19)
**Glass House (SR)(Zone 19)
Old Ranch Summit (Zone 1, Zone 2, Zone 18)
Henry Ranch (Zone 1, Zone 2, Zone 17)
Thomas Ranch (Zone 1, Zone 2, Zone 16)
Circle E (Zone 1, Zone 2, Zone 15)
Four Oaks (Zone 1, Zone 2, Zone 14)
Crown Ridge (Zone 1, Zone 2, Zone 13)
El Nido (Zone 1, Zone 2, Zone 12)
Village Parkway (Zone 1, Zone 2, Zone 11)
$309.84
All Other Areas (Zone 1, Zone 2)
**SR - City of San Ramon, CH - Brave Church, VV - Valley Vista Senior Housing

CUMULATIVE ASSESSMENTS
(Includes Citywide Zones and Special Zone)
Description
Canyon Lakes (Zone 1, Zone 2, Zone 3)
Old Ranch Estates (Zone 1, Zone 2, Zone 10)
*Country View (Zone 1, Zone 2, Zone 9)
Deerwood (Zone 1, Zone 2, Zone 8)
Bent Creek (Zone 1, Zone 2, Zone 7)
West Branch (Zone 1, Zone 2, Zone 6)
Summerwood Loop (Zone 1, Zone 2, Zone 5)
Vista San Ramon (Zone 1, Zone 2, Zone 4)

5.2.b
Packet Pg. 304 Attachment: B: L&L 1984-1 FY 2024-25 Engineer’s Report FINAL (4353 : Update of the Landscaping and Lighting Assessment District)

FINANCE COMMITTEE STAFF REPORT
DATE: May 13, 2024
TO: Finance Committee/City Manager
FROM: Maria Fierner, Interim Public Works Director
By: Robin Bartlett, Division Manager/District Engineer
SUBJECT: Update of the Preserve Landscaping and Lighting Assessment District

EXECUTIVE SUMMARY
The Preserve Landscaping and Lighting Assessment District (District) is a District formed in 2018 for the purpose of maintaining public landscaping and lighting improvements associated with The Preserve Development. Most of the improvements have now been constructed and accepted by the City of San Ramon (City). Costs for FY 2024/25 have been based on estimates provided by contractors and staff and include efforts related to the establishment period. The District is on track with accumulation of funds for long-term replacements. It is anticipated that all units will be assessable this year. The District will assess those properties that are currently assessable in order to cover the cost of that maintenance. The proposed maximum assessment will be $432.29 and the proposed actual assessment per assessment unit is $357.98. The Public Hearing is set for June 11, 2024.

RECOMMENDED ACTION
Staff recommends that the Finance Committee review the staff report and provide comments.

BACKGROUND/DISCUSSION
District Formation
The Preserve Landscaping and Lighting Assessment District was formed on March 13, 2018, through the adoption of Resolution No. 2018-033, to fund the proposed public landscaping program associated with The Preserve (Faria) Development. Property owners within the District will pay an annual assessment to fund the maintenance of public landscaping. Such maintenance is performed through a combination of City staff and contractors.

Improvements
All improvements to be maintained by the District in FY 2024/25 will be constructed by The Preserve developer per the approved project plans and will be transferred for ownership to the

5.3 Packet Pg. 305
City. The new improvements consist of landscape, irrigation, hardscape, a walking path, and related improvements located along Faria Preserve Parkway with improvements located on Purdue Road and Bollinger Canyon Road, immediately adjacent to the project. The timing of acceptance of these improvements is governed by the developer’s schedule, but the majority of the improvements have been accepted for ownership and maintenance by the City in FY 2023/24.

Cost of Maintenance
The cost of maintenance, the annualized replacement cost of the improvements, and the cost of administration of the District were estimated as presented in the Engineer’s Report that was prepared for the formation of the District.

Anticipated expenditures for FY 2024/25 are based on discussions with the developer, the inspection of the already accepted areas, and quotes from contractors to complete certain maintenance activities. The estimated costs and budget are summarized below:

DESCRIPTION COSTS
Annual Operation, Maintenance and Contingency Costs (O&M) $194,485.15 Less: General Benefit Contribution (7.92%) (15,403.22)
Total Assessable (Direct) Costs $179,081.93
Indirect Costs (Tax Roll Fees, Administration) $8,500
Total Maximum Costs that can be Assessed $187,581.93
Total Costs $202,985.15
Assessment
The initial maximum assessment for the District was set at $363.13 per benefit point. This can be adjusted by the greater of 2% or the Consumer Price Index for the San Francisco Bay Area, All Urban Consumers. This year, the applicable inflation rate was 2.4%. Therefore, a 2.4% increase has been applied. The current maximum assessment that can be levied is $432.29. Single-family homes will be assessed one benefit point and townhome condominiums will be assessed 0.75 benefit points.

Not all of the actual costs may be assessed. A certain fraction of the benefits of the improvements is deemed to be of general benefit to the community as a whole and is not assessable. Analysis done for the original Engineer’s Report determined that this benefit was 7.92%. Therefore, the total cost to be assessed for FY 2024/25 is equal to 92.08% of the $194,485.15 annual costs or $179,081.93, plus fees and administration costs for a total of $187,581.93.

Lots with foundations poured prior to the end of FY 2023/24 will be included in the FY 2024/25 tax roll. The number of foundations poured within the timeframe described is unknown at this time. Currently, staff anticipates that all the units to be constructed as part of The Preserve project will be assessable in FY 2024/25. This totals 524 benefit points that will be assessed at an assessment rate of $357.98 and will result in revenue of $187,581.93.

5.3 Packet Pg. 306
Future Reserve Study Update
As improvements are completed and accepted for maintenance by the City, actual costs of maintenance and administration will become clearer. In addition, appropriate reserves for nonroutine maintenance and replacement of improvements will be accumulated. The amount of money that needs to be expended in any given year and the required reserves will be tracked and presented to the Finance Committee and City Council in annual updates to a Reserve Fund Study and the annual Engineer’s Report.

FISCAL ANALYSIS
The Engineer’s Report will be the basis for the assessment of parcels located within The Preserve Landscaping & Lighting Assessment District. The associated costs, as well as revenues from this levy, will be presented to the City Council for review and will be included in the proposed FY 2024/25 Operating Budget and Capital Budget of the Five-Year Capital Improvement Program.

NEXT STEPS

1. On May 14, 2024, the City Council approves the Engineer’s Report for FY 2024/25, adopts a Resolution of Intention to levy and collect assessments for FY 2024/25, and sets a Public Hearing.

2. On June 11, 2024, the City Council conducts the Public Hearing, and adopts a Resolution confirming the diagram and assessments and levying the assessments for FY 2024/25.

3. Staff will file the final Engineer’s Report, together with the assessment roll and the assessment diagram, with the Contra Costa County Assessor’s Office by August 10, 2024.

ATTACHMENT
A: DRAFT The Preserve LL Assessment District FY 2024-25 Engineer’s Report

5.3 Packet Pg. 307
DRAFT
The Preserve Landscaping and Lighting Assessment District Assessment Engineer’s Report
Fiscal Year 2024/25

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Transmittal
I, the undersigned, respectfully submit the enclosed Engineer’s Report, and, to the best of my knowledge, information and belief, the Engineer’s Report, Assessments, and the Assessment Diagram herein have been prepared and computed in accordance with the order of the City Council of the City of San Ramon and the Assessment Law.

Robin Bartlett
District Engineer
R.C.E. 52065 (Expires 12/31/24)
Certification of Filing
I HEREBY CERTIFY that the enclosed Engineer's Report, together with the Assessment and Assessment Diagram thereto attached was filed with me on the day of 2024.

Christina Franco, City Clerk
City of San Ramon
Contra Costa County, California
I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment and Assessment Diagram thereto attached was approved and confirmed by the City Council of the City of San Ramon, California, on the day of 2024.

Christina Franco, City Clerk
City of San Ramon
Contra Costa County, California

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TABLE OF CONTENTS
Transmittal......................................................................................................................................... 2 Certification of Filing......................................................................................................................... 2 INTRODUCTION 4
IMPROVEMENTS 4
Location of District and Improvements.......................................................................................... 4 Landscaping Program...................................................................................................................... 4 Overhead........................................................................................................................................... 4 ESTIMATE OF COSTS 5
Annual Maintenance Cost Estimate .............................................................................................. 5 Annualized Replacement Cost Estimate ...................................................................................... 6 SPECIAL AND GENERAL BENEFIT 6
Introduction........................................................................................................................................ 7 Identification of Benefit .................................................................................................................... 7 Separation of General Benefit ........................................................................................................ 9 Quantification of General Benefit................................................................................................... 9 Apportioning of Special Benefit .................................................................................................... 11 METHOD OF ASSESSMENT 15
Balance to be Assessed................................................................................................................ 15 Maximum Annual Assessment Amount per
Benefit Point and Annual Increase to the Maximum Annual Assessment............................. 15 Method of Assessment Spread .................................................................................................... 16 Total Maximum Assessment per Property Type........................................................................ 16 ASSESSMENT ROLL 17
ASSESSMENT DIAGRAM 18

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INTRODUCTION
This Assessment Engineer’s Report that separates and quantifies the special and general benefits and assesses the proportional special benefit to fund a proposed landscaping program containing decorative planting, irrigation, minor hardscaping, a walking path and pedestrian improvements within the proposed The Preserve Landscape and Lighting Assessment District (hereafter referred to as the “District”). Article XIID Section 4 of the Constitution of the State of California (“Proposition 218”) and recent court rulings have made clear the importance of separating and quantifying the special and general benefits and supporting that quantification with evidence and analysis.

IMPROVEMENTS
Location of District and Improvements
The District will provide ongoing funding for a landscaping program containing decorative planting, irrigation, hardscaping, a walking path and pedestrian improvements. The proposed District area was annexed into the City by LAFCO Resolution 08-27 on February 11, 2009. The Faria Preserve is generally located north of Deerwood Drive and Deerwood Road, east of Bollinger Canyon Road and west of Omega Road.

The improvements are located along a section of Purdue Road, a section of Bollinger Canyon Road, a section of Omega Road, and along Faria Preserve Parkway.

The Preserve project plans containing detailed information as to the exact description and location of the improvements are on file with the City. All improvements to be maintained by the District are located in the public right of way and exclude those fences, gates, screen walls and existing retaining walls on Purdue Road and those improvements to be maintained by The Preserve Home Owners Association(s) and those elements to be maintained by the Landscaping and Lighting District 1984-1.

Landscaping Program
The Landscaping Program provides year-round maintenance and management services. Landscape improvements include trees, shrubs and decorative plantings together with an irrigation system containing controllers, valves and booster pumps. Hardscape improvements include decorative paving, retaining walls and a DG walking path. The walking path improvements include sitting benches, trash receptacles and drinking fountains.

Services include routine maintenance of the landscape and hardscape improvements. Landscape services include pruning, trimming, irrigation, fertilization, repair and replacement of the improvements. Hardscape services include repair, painting, cleaning, graffiti removal, replacement of the improvements, regular trash removal and all utilities.

The landscaping will be installed in order to create a common theme and neighborhood identity for parcels within the District.

Overhead
In addition to the costs to maintain and service the District improvements mentioned above, the City will incur costs for staff time and expense related to the programs mentioned above, as well as the management of the District. Staff time includes oversight and coordination of both City and contractor provided services, annual tax roll preparation, and addressing property owner questions and concerns. These activities are

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directly related to the District and improvements within the District, and without them, the improvements could not be efficiently completed or properly maintained on an ongoing basis.

ESTIMATE OF COSTS
The estimated costs of maintenance and servicing of the improvements as described in the previous section are summarized below. Each year, as part of the assessment district levy calculation process, the costs and expenses are reviewed, and the annual costs are projected for the following fiscal year.

Annual Maintenance Cost Estimate
The table below Estimates the cost of the annual maintenance and servicing of all of the improvements in 2024 dollars based on the inflation adjusted original estimates for the district. These costs reflect the total cost for the District. This table reflects the original cost estimates adjusted for inflation That actual costs will be depended on the amount and timing of the turnover of improvements to the District and the type, amount and cost basis of work at the time. This table may be adjusted as actual data becomes available.

These costs reflect initial estimates and plant establishment efforts and as such vary from the intial estimates and are expected to change over time.

Item Cost
Staff $29,541.00
Contractors $64,059.00
Utilities $20,700.00
Materials $1,500.00
Yard and miscellaneous $15,299.00
Total Cost $131,099.00

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Annualized Replacement Cost Estimate
The table below estimates the annualized replacement cost in 2024 dollars of the improvements calculated over the service life of each item.
2024-2025 Costs
This is the first full year that almost all of the improvements will be maintained by the District. The estimated costs of maintenance have been established based on staff experience and quotes provided by contractors.

If any adjustments are required, there are sufficient reserves available to provide for any likely adjustments.

Cost per Unit Life Years Cost
Landscaping $5.34 20 $38,013.40
Trees $592.96 30 $5,159.19
Irrigation Booster Pumps $77,084.40 30 $2,579.60
Irrigation Controllers $5,336.61 10 $1,607.29
Remote Control Valves $474.37 20 $3,571.75
Wall Replacement $88.94 75 $1,993.04
Decorative Paving $14.23 20 $1,384.65
DG Path $14.23 15 $7,580.68
Bench $948.73 10 $190.49
Trash Cans $1,168.13 10 $234.54
Drinking Fountain $5,336.61 10 $1,071.52
$63,386.15
$68,140.12
$175,521.76
$8,500.00
$184,021.76
Estimated Annualized Replacement Cost

TOTAL ANNUALIZED REPLACEMENT COST
TOTAL ANNUALIZED REPLACEMENT COST WITH 7.5% CONTINGENCY

TOTAL ANNUAL MAINTENANCE AND REPLACEMENT COST

TOTAL ADMINISTRATION COSTS

TOTAL ANNUAL COSTS

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SPECIAL AND GENERAL BENEFIT
Introduction
Pursuant to Article XIIID, all parcels that receive a special benefit conferred upon them as a result of the public improvements shall be identified, and the proportionate special benefit derived by each identified parcel shall be determined in relationship to the entire costs of the project. Furthermore, Article XIIID requires that the City separate the general benefit from special benefit, so that only the special benefit may be assessed.

Article XIIID, Section 4(a) of the California Constitution limits the amount of any assessment to the proportional special benefit conferred on the property. Article XIIID also provides that publicly owned properties within an assessment district must be assessed unless there is clear and convincing evidence that those properties receive no special benefit from the assessment. Examples of parcels which might be exempted from the assessment would be the areas of public streets, public avenues, public lanes, public roads, public drives, public courts, public alleys, public easements and rights-of-ways, public greenbelts, public parks and parkways and open space areas. At this time, there are parcels expected to develop within the District that would be exempt from the assessment, as they are planned public streets, open space, and park areas, which receive no special benefit from the improvements.

Identification of Benefit
The operation and maintenance of the improvements and necessary related administrative expenses the City will incur in obtaining and managing maintenance services will provide benefits to both those properties within the boundary of the District and to the community as a whole. The benefits conferred to property within the boundary of the District from the public improvements are described below. This report does not consider any general enhancement of property value.

AESTHETIC BENEFITS
Aesthetics, or the beautification of property, is a primary component of livability. Livability encompasses several qualities and characteristics that are unique to a specific area. The Victoria Transport Policy Institute (2011) expands on the concept of livability and the various benefits associated with that designation:
“The livability of an area increases property desirability and business activity. Livability is largely affected by conditions in the public realm, places where people naturally interact with each other and their community, including streets, parks, transportation terminals and other public facilities.

Livability also refers to the environmental and social quality of an area as perceived by employees, customers and visitors. This includes local environmental conditions, the quality of social interactions, opportunities for recreation and entertainment, aesthetics, and existence of unique cultural and environmental resources.”
The maintenance and servicing of the improvements increases the aesthetics, appearance and desirability of properties within the proposed boundaries of the District. The overall appeal of the District is enhanced when improvements are in place and kept in a healthy and satisfactory condition.

The maintenance of the improvements will provide and create a cohesive community identity that will serve to improve the livability within and helps define a positive urban character with the visual features of a destination community. This encourages the enjoyment of the neighborhood as well as promotes the maximum use of each area.

Conversely, appeal decreases when improvements are not well maintained, unsafe, or destroyed by the elements or vandalism. Upgraded and maintained amenities will enhance the appearance, desirability and “livability” of the property throughout the District.

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PEDESTRIAN BENEFITS
Walking paths will be maintained and free from trash. These routinely maintained sidewalks will provide a year-round, aesthetically pleasing environment that will encourage pedestrian activity.

Regular maintenance and repair ensures that the improvements do not reach a state of deterioration or disrepair so as to be materially detrimental to properties adjacent to or in close proximity to the improvements within the proposed District. According to the Victoria Transport Policy Institute (2011), streetscapes have a significant effect on how people view and interact with their community. With streetscapes that are safe and inviting, people are more likely to walk, which can help reduce automobile traffic, improve public health and attract residents to the community.

Maintained walking improvements will enhance the local identity of the District, which will lead to a stronger and healthier community. The walking improvements including benches, water fountains and trash receptacles will establish continuity throughout the district. The walking improvements also provide an additional means to enjoy the landscaping improvements.

A survey conducted by DMB (an Arizona based commercial developer) found that there was a strong demand for communities characterized by pedestrian access, a sense of connection, and a sense of community and diversity (Urban Land Institute, 2006). According to the Urban Land Institute report “Creating Walkable Places: Compact Mixed-Use Solutions”, people want their neighborhoods to provide more opportunities to walk (Urban Land Institute, 2006). A survey sponsored by the Surface Transportation Policy Project found that 55% of respondents would like to walk more, 63% would like to run errands on foot and walk to stores, and 79% would like sidewalks and other places to walk and exercise (Urban Land Institute, 2006). The installation of the interconnecting sidewalks improves the livability and appeal for the properties.

SECURITY AND SAFETY BENEFITS
A recent study has found that after landscape improvements were installed, there was a 46% decrease in crash rates across urban arterial and highway sites and a second study reviewed found a 5% to 20% reduction in mid-block crashes after trees and planters in urban arterial roads were put in place. In addition, there is less graffiti, vandalism, and littering in outdoor spaces with natural landscapes than in comparable plant-less spaces (Wolf, 2010). As residents are active in their neighborhoods there is a proportional reduction in crime as these neighborhoods become more cohesive, self-aware, and self-policing.

Further, by including landscaping in the central portion of streets, this will discourage pedestrians from cutting across the streets and encourage the use of designated pedestrian crossings. The Victoria Transport Policy Institute (2011) has found that streetscapes reduce traffic speeds, and when combined with improved pedestrian crossing conditions, can significantly reduce collisions.

According to the Federal Highway Administration (“FHWA”), sidewalks and walking trails reduce roadway accidents, including pedestrian/motor vehicle accidents. In addition, roadways without sidewalks are more than twice as likely to have pedestrian involved accidents compared to sites with sidewalks on both sides of the street (FHWA, n.d.). In 2008, the National Traffic Safety Administration’s (“NHTSA”) National Pedestrian Crash Report identified California as one of the states with the highest number of pedestrian deaths (NHTSA, 2008).

The maintained improvements will provide an increased level of safety to the property, residents, and visitors to the District. Convenient and safe pedestrian access is a critical component to the establishment of a community. Well-maintained and clean sidewalks and walking trails provide a separation between vehicle and pedestrian as well as property and pedestrian, which provides a safety benefit for both property and pedestrian. Safety for pedestrians involves not only a degree of protection from vehicular accidents, but also from criminal activity. Well-maintained areas mitigate crime, especially vandalism, and enhance pedestrian and vehicular safety.

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The U.S. Department of Transportation Federal Highway Administration (FHWA, n.d.) notes that annually, around 4,500 pedestrians are killed in traffic crashes with motor vehicles in the United States. Pedestrians killed while "walking along the roadway" account for almost 8 percent of those deaths. Providing safe walkways separated from the travel lanes could help to prevent up to 88 percent of these "walking along roadway” crashes.

Separation of General Benefit
Section 4 of Article XIIID of the California Constitution provides that once a local agency which proposes to impose assessments on property has identified those parcels that will have special benefits conferred upon them and upon which an assessment will be imposed, the local agency must next “separate the general benefits from the special benefits conferred,” and only the special benefits can be included in the amount of the assessments imposed. A general benefit is an overall and similar benefit to the public at large resulting from the maintenance and operation of the improvements to be provided by the assessments levied.

The maintenance of the improvements will provide improved aesthetic, pedestrian and safety benefits to property within the District, but it is recognized that the maintenance activities will also provide a level of benefit to some property within proximity to the District, as well as visitors and individuals passing through the District. This is considered to be a general benefit that cannot be funded by District assessments.

Pedestrian and vehicular traffic from property within and outside of the District, as well as individuals passing through the District area will utilize and enjoy the maintained improvements. Therefore, the general benefit created as a result of District maintenance activities must be considered.

The maintenance of the improvements will also provide a level of improved aesthetic, pedestrian and safety benefits to pedestrians and vehicles that will travel through the District to access properties outside of the District boundaries. Further, non-resident pedestrians may take advantage of the clean and safe areas and incorporate the area into their fitness routine as part of the overall route travelled. These activities create general benefit that is required to be separated and quantified as shown below.

Quantification of General Benefit
The amount of general benefit that is provided from the District activities cannot be funded via property owner assessments within the District. In order for property within the District to be assessed only for that portion of special benefit received from the District maintenance and service activities, general benefits provided by the ongoing maintenance of the improvements needs to be quantified.

The District is projected to consist of a variety of property land uses, including 296 single family residential parcels, 304 condominium units, a house of worship and approximately 220 acres used for non-residential purposes, including open space, recreational and public property. Properties within the District are classified to a land use category according to the assigned land use code as shown on the County Assessor’s latest secured property tax roll.

As a result of the maintenance activities, there will be a level of general benefit to traffic and/or pedestrians that do not live in or intend to conduct business within the District. This general benefit, serving as a passthrough corridor or destination for traffic and/or pedestrians, needs to be quantified. The identified benefits provided by the maintenance of the improvements include beautification of the area, pedestrian benefits and security/safety benefits. Each of these benefits must be considered and quantified.

General Benefit Portion of Improved Aesthetic Benefits
The automotive traffic, generated from property outside of the District, which may pass though the District and enjoy the maintained improvements must be estimated. The AECOM Final Transportation Impact Analysis was prepared in August 2013 for the Faria Preserve project (the “Traffic Study”).

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The Traffic Study analyzed trips generated by the Faria development and the impact of those trips on the surrounding transportation infrastructure. The Traffic Study projected trips generated by the Faria project and trips generated by the non-project area to estimate the total trip loads on selected intersections. By comparing the Project Trip Assignments with the Cumulative (2030) Plus Project Intersection Traffic Volumes and Geometry it was found that no through traffic was calculated to pass through the Faria development. However, the Traffic Study was based upon a roadway configuration that differs from the current development plan. The difference is the Eastern connection of Faria Parkway formerly connected to Deerwood Road (Intersection “A”) and now it will connect to Purdue Road. In order to allow for potential through traffic trips due to the roadway configuration change, it is estimated that 5% of the total traffic trips passing the improvements will be from sources outside the District (through and/or destination traffic) and thereby will enjoy an aesthetic benefit from their maintenance.

General Benefit Portion of Improved Pedestrian Benefits The pathways connect the neighborhoods with open space and park areas. The walking paths create recreational and fitness opportunities as well as develop a sense of community. There will be pedestrian traffic, generated from property outside of the District, which may utilize the maintained walking paths in the District and access property located outside of the District boundaries. Pedestrians may also incorporate the walking paths into their leisure and fitness routines, thus making the District walking paths serve as a pass-through portion of their overall route travelled.

The park and open space associated with the Faria development will draw people from outside the district who will enjoy the pedestrian benefits. The walking paths maintained by the District are a subset of the entire sidewalk, walking path and foot trail system planned for the Faria development open space and park parcels.

The 13.6-acre park associated with the Faria development is approximately 3.3% of the City’s total park acreage. The 190 acres of open space is approximately 8.2 % of the City’s total open space area. The location of the project area is distant from the residential core of the City and as evidenced by the Traffic Study, minimal through-traffic is anticipated to travel through the area. However, as a pedestrian recreational destination area, there is an expectation of a higher percentage of out of District pedestrian use relative to total pedestrian use. The out of District (General Benefit) percentage of use is estimated at 1/8 or 12.5% of pedestrians enjoying the District improvements.

General Benefit Portion of Improved Security &Safety Benefits The improvements will provide improved security and safety to persons and property. The identified benefits to property (reduced graffiti, vandalism and littering) are localized and therefore limited to the property within the District. 0.0% General Benefit is estimated to accrue to property outside the District. The safety and security general benefit to persons is proportional to the pedestrian benefit estimated for those outside the District, or 12.5%. The General Benefit for persons and property are averaged to produce an estimated General Benefit of 6.25% for improved security and safety.

Collective District-wide General Benefit
Since the District is comprised of improved aesthetics, pedestrian and increased safety and security benefits resulting from a blend of improvements, the activity of both pedestrians and vehicles must be addressed in a collective form rather than independently. Therefore, the average of the general benefit percentages has been used to quantify the overall level of general benefit for the District. This general benefit result is provided in the table below:

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General Benefit Quantification
Benefit Measurement Estimated Based Upon General Benefit % Aesthetics Trip Generation
Total traffic trips to or through the
District, which originate out of District. 5.00%
Pedestrian
Persons using walking
improvements Walking path use from outside district 12.50% Security &
Safety
Persons using walking
improvements Walking path use from outside district 12.50% Property distance
from improvements Distance from improvements 0.00%
Average Security & Safety 6.25% 6.25%
Total Averaged General Benefit 7.92%
The general benefit, which is the percentage of the total budget (excluding District administrative costs), that must be funded through sources other than assessments is 7.92%. The special benefit then, which is the percentage of the budget that may be funded by assessments, is 92.08%.

Apportioning of Special Benefit
As outlined in Section 5.2, each of the parcels within the District receives a special benefit from the improvements. Each parcel that has a special benefit conferred upon it, as a result of the maintenance and operation of improvements, is identified and the proportionate special benefit derived by each identified parcel is determined in relationship to the entire costs of the maintenance and operation of the improvements.

The total costs of maintenance and operation, less the amount of general benefit identified, will be assessed to the parcels within the District based on the benefit points assigned to each parcel. This Section provides a detailed breakdown of the assigned benefit points described herein. To assess special benefit appropriately, it is necessary to relate parcels of different land use, intensity of use, size, location, and proximity to improvements. The City has a well-established Assessment Factoring Methodology that has considered the proportional benefit received by all property types in the City for landscaping and lighting improvements.

Each parcel’s land use is a factor that differentiates parcels based on the benefit received from the improvements within the District. Parcels with residential land use are the basis for assigning benefit points for the maintenance and service activities.

Common areas, roads and easements are deemed to receive no benefit from the District maintenance activities because they serve as connectors for other properties and do not receive benefit from the increased aesthetics, security and safety or pedestrian benefits. Utility parcels are also deemed to not benefit from the maintenance of the improvements.

The following table provides the benefit points assigned to each land use category of parcels within the District.

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STREET LANDSCAPING & LIGHTING BENEFIT UNIT FACTORS
Land Use Use Code*
Aesthetic
Points
Pedestrian
Points
Security & Safety
Points
Total
Points
Single Family 11-19 .375 .25 .375 1.00
Condominium 29 .250 .25 .250 .75
Multiple Residential (including hotels, motels)
Units:

Two 21 .50 .50 .50 1.50
Three 22 .75 .75 .75 2.25
Four 23 1.00 1.00 1.00 3.00
Five 24 1.25 1.25 1.25 3.75
6 - 12 25 2.50 2.50 2.50 7.50
13– 24 26 4.50 4.50 4.50 13.50
25 - 59 27 5.00 10.00 5.00 20.00
60 – 80 28 8.75 17.50 8.75 35.00
81 - 100 28 11.25 22.50 11.25 45.00
101 - 200 28 18.75 37.50 18.75 75.00
201 - 400 28 37.50 75.00 37.50 150.00
401 - 600 28 62.50 125.00 62.50 250.00
601 - 800 28 87.50 175.00 87.50 350.00
801 - 1,000 28 112.00 225.00 112.50 450.00
etc. etc. etc. etc. etc. etc.

Industrial 50 - 59
Assessment based on frontage and total area of the parcel – see tables below Commercial 29 - 49
Institutional 70 - 79
Industrial
Frontage (ft) Points Parcel Area (ft2) Parcel Area (ac) Points 0 - 200 4 0 - 25,000 0.00 - 0.57 4
201 - 500 12 25,000- 100,000 0.58 - 2.29 12
501 - 1,000 24 100,001 - 250,000 2.30 - 5.79 24
1,001+ 36 250,001 + 5.80 + 36
Commercial &
Institutional
Frontage (ft) Points Parcel Area (ft2) Parcel Area (ac) Points 0 - 200 4 0 - 5,000 0.00 -0.11 4
201 - 500 8 5,001 - 10,000 0.12 - 0.22 8
501 - 1,000 12 10,001 - 25,000 0.23 - 0.58 12
1,001 - 3,000 16 25,001 - 100,000 0.59 -·2.29 16
3,001 - 5,000 24 100,001 - 500,000 2.30 - 11.49 24
5,001+ 36 500,001 + 11.50 + 36
*The Use Code is the designation used by the County Assessor's Office to indicate how the land is being used

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Total Special Benefit Points Calculation
The formula below shows the total special benefit points calculation for each parcel within the District:

Parcel’s Total
Special Benefit
Points
=
Parcel’s Aesthetic
Benefit Points +
Parcel’s
Pedestrian Benefit
Points
+
Parcel’s Safety
Benefit Points
Data Considerations and Parcel Changes
The use of the latest Assessor’s Secured Roll information has been and shall be used in the future as the basis in determining each parcel’s land use category and acreage, unless better data was or is available to the City. In addition, if any parcel within the District is identified by the Auditor/Controller to be an invalid parcel number, the land use category, residential dwelling units, and acreage of the subsequent valid parcels shall serve as the basis in assigning parcel factor special benefit points.

Special Considerations: Publicly Owned Parcels
Any publicly owned parcels that benefit from the improvements cannot be exempt from the assessment.

The special benefits accruing to these types of parcels must be determined using the same kind of formulas and benefit point assignment as applied to privately owned parcels. This requirement is clearly conveyed in Article XIII D, Section 4(a) of the California Constitution, which states in part, “... Parcels within a district that are owned or used by any agency, the State of California or the United States shall not be exempt from assessment unless the agency can demonstrate by clear and convincing evidence that those publicly owned parcels in fact receive no special benefit.” No publicly owned parcels have been categorized and assigned benefit units using the same methodology as privately owned parcels, based on their land use as shown on the County Assessor’s latest secured property tax roll.

Benefit Units per Property Type
The following table calculates the Benefit Units for each Property Type by proposed Neighborhood.

Neighborhood Land Use Count
Aesthetic
Points
Pedestrian
Points
Security &
Safety
Points
Benefit
Points
I Single Family 121 0.375 0.250 0.375 1.000
II Single Family 72 0.375 0.250 0.375 1.000
III
Courtyard
Single Family 63 0.375 0.250 0.375 1.000
IV
Condo -
Townhomes 104 0.250 0.250 0.250 0.750
Condo - 2
Story Flats 78 0.250 0.250 0.250 0.750
V
Single Family 40 0.375 0.250 0.375 1.000
Condo 122 0.250 0.250 0.250 0.750
TOTALS 600

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Total Benefit Unit Calculation
The following table calculates the Total Benefit Units in the District by proposed Neighborhood.

Neighborhood Land Use Count
Benefit
Points per
Use
Total Benefit
Points
I Single Family 121 1.000 121.00
II Single Family 72 1.000 72.00
III
Courtyard Single
Family 63 1.000 63.00
IV
Condo -
Townhomes 104 0.750 78.00
Condo - 2 Story
Flats 78 0.750 58.50
V
Single Family 40 1.000 40.00
Condo 122 0.750 91.50
TOTALS 600 524

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METHOD OF ASSESSMENT
Balance to be Assessed
It is anticipated that approximately all of the improvements will be completed and accepted by the end of the fiscal year. Therefore, the estimated annual maintenance and replacement costs budgeted reflect ownership of all of the improvements for most of the year.

The general benefit, which is the percentage of the total budget, excluding incidental costs, which must be funded through sources other than assessments, is 7.92% of the total project cost. The special benefit, which is the percentage of the budget that may be funded by assessments, is 92.08%.

Description
Budget
Amount
Estimated Annual Maintenance and Replacement Costs $194,485.15 Less: General Benefit Contribution (7.92%) ($15,403.22) Total Assessable Direct Costs $179,081.93
Incidental Costs (Tax Roll Fees and Administration) $8,500.00 Total Maximum Costs that can be Assessed $187,581.93
Total Annual Cost $202,985.15
Maximum Annual Assessment Amount per Benefit Point and Annual Increase to the Maximum Annual Assessment
The assessment per benefit point was calculated at the time of formation of the District by dividing the total estimated costs to be assessed by the total benefit points assigned to the parcels within the District.

The maximum initial annual assessment was determined to be = $363.13 As of June 1 of each fiscal year after the base year (2018/2019), the maximum annual assessment (the “Maximum Annual Assessment”) shall be increased by the greater of 2% or the February Consumer Price Index for the San Francisco Bay Area, All Urban Consumers. It is specifically provided that the Maximum Annual Assessment shall be increased each fiscal year, computed on the previous fiscal year’s Maximum Annual Assessment. The actual annual assessment levied in any fiscal year may be less than, but shall not exceed the Maximum Annual Assessment, unless appropriate proceedings are conducted by the District to authorize any increase beyond the Maximum Annual Assessment. The applicable inflation rate for this year’s assessment is 2.4%. Therefore, a 2.4% increase has been applied.

The Maximum Annual Assessment that may be levied in FY 2024/2025 is $432.29 per Benefit Point.

The special benefit analysis and assignment of benefit points has been calculated in relation to the total costs to be assessed. No assessment will be imposed on any parcel that exceeds the reasonable cost of the proportional special benefit conferred on the parcel.

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Method of Assessment Spread
The method of assessment is based upon a formula that assigns the special benefit to each parcel. The formulas below provide a summary of the assessment calculation for each parcel within the District.

Parcel’s Total
Special Benefit
Points
=
Parcel’s Aesthetic
Benefit Points +
Parcel’s
Pedestrian Benefit
Points
+
Parcel’s Safety
Benefit Points
Parcel’s Total
Assessment =
Assessment Rate
per Benefit Point x
Parcel’s Total
Benefit Points
Total Maximum Assessment per Property Type
The following table shows the Maximum Annual Assessment per property type by Neighborhood.

Neighborhood Land Use Benefit
Points
Maximum
Annual
Assessment
I Single Family 1.000 $432.29
II Single Family 1.000 $432.29
III Courtyard Single Family 1.000 $432.29
IV
Condo - Townhomes 0.750 $324.22
Condo - 2 Story Flats 0.750 $324.22
V
Single Family 1.000 $432.29
Condo 0.750 $324.22

ACTUAL ASSESSMENT TO BE LEVIED
The actual assessment to be levied is based on the Estimate of Costs, Special and General Benefit and Method of Assessment. For Fiscal Year 2024/25, the total estimated maximum assessable costs are $187,581.93. It is anticipated that 524 benefit points will be assessable as of June 30, 2024. Therefore, the per unit assessment will be $357.98 per benefit point (in order to avoid charging more than the estimated costs) with a total anticipated assessment of $187,581.93. .

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ASSESSMENT ROLL
The following is a summary of information included in the Assessment Roll that because of its bulk is filed separately with the City Clerk. According to the Landscaping and Lighting Act, the information must include a listing of all parcels of land within the assessment district. Each parcel must be listed by its distinctive designation, a description of the parcel, and the proposed assessment on the parcel in proportion to the estimated benefit it receives from the improvement. This is done in the following format:

Property Description Property Description FY 2024-25
(Assessor's Parcel #) (Assessor's Description) Assessment Total Assessment: $187,581.93
The lines and dimensions of each parcel are as shown on the maps of the County Assessor of the County of Contra Costa, which by reference is hereby made a part of this Report.

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ASSESSMENT DIAGRAM
The Assessment Diagram is shown on the following page(s). The lines and dimensions of each lot or parcel within are those lines and dimensions shown on the maps of the Contra Costa County Assessor, at the time this report was prepared, and are incorporated by reference herein and made part of this Engineer’s Report.

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FINANCE COMMITTEE STAFF REPORT
DATE: May 13, 2024
TO: Finance Committee/City Manager
FROM: Kelly Sessions, Administrative Services Director
By: Candace Daniels, Finance Division Manager
SUBJECT: California Employer’s Benefit Trust (CERBT) for the Period Ending March 31, 2024

RECOMMENDED ACTION
Staff recommends that the Finance Committee review and accept the CERBT Statement for the period ending March 31, 2024.

BACKGROUND/DISCUSSION
On November 14, 2014, the City Council approved participation in CERBT for purposes of prefunding the City’s long-term obligation for health benefits accrued to retired City employees.

Assets in this Trust can only be used for payment of these benefits and may not be used for other governmental purposes.

At the start of January 2024, the CERBT had a balance of $35,770,805. During this quarter, the trust had investment gains of $818,652, and expenses of $7,538 leaving an ending balance of $36,581,919 at March 31, 2024. As of the most recent actuarial valuation, which has a measurement date of June 30, 2022, the OPEB liability measured $41,183,558 and was 84% funded. With the current ending balance, the funding status of the OPEB liability is 89%.

FISCAL ANALYSIS
This item is for informational purposes only-there is no fiscal impact.

STEPS FOLLOWING APPROVAL
None.

ATTACHMENT
A: California Employer's Benefit Trust Statement (CERBT) for the Period Ending March 31, 2024

5.4 Packet Pg. 327
City of San Ramon
Please note the Grand Total is your actual fund account balance at the end of the period, including all contributions per GASB 74 paragraph 22 and accrued disbursements. Please review your statement promptly. All information contained in your statement will be considered true and accurate unless you contact us within 30 days of receipt of this statement. If you have questions about the validity of this information, please contact [email protected]. 1,731,976.212 1,731,976.212
$36,581,919.18 $34,803,287.27
Period Ending Unit Value 21.121490 21.121490
Period Beginning Unit Value 20.653173 19.597055
(91,905.819)

0.000
1,823,882.031

0.000

0.000
1,731,976.212
Current Period Year to Date
Ending Units
Unit Sales for Withdrawals
Unit Purchases from Contributions
Beginning Units
Market Value Summary: Unit Value Summary:

Grand Total $36,581,919.18 $36,581,919.18
(1,778,631.91)
(12,636.50)

0.00 2,639,710.29

0.00 $33,964,084.69

0.00 (4,354.24)

0.00 818,652.28

0.00 $35,770,804.78
Current Period Year to Date
Ending Balance
Disbursement
Administrative Expenses
Other
Investment Earnings
Contribution
Beginning Balance
QTD Fiscal QTD Fiscal
FY End Contrib per GASB 74 Para 22 0.00 0.00
Transfer In
Transfer Out

0.00 0.00

0.00 0.00
Unit Transfer In
Unit Transfer Out

0.000

0.000
Investment Expense (3,183.64) (9,239.30)
CERBT Strategy 2
Entity #: SKB7-4889155551-001
Quarter Ended March 31, 2024
FY End Disbursement Accrual 0.00 1,778,631.91

Page 1 of 2 ends

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Packet Pg. 328 Attachment: A: California Employer's Benefit Trust Statement (CERBT) for the Period Ending March 31, Statement of Transaction Detail for the Quarter Ending 03/31/2024 City of San Ramon
Entity #: SKB7-4889155551-001
Date Description Amount Unit Value Units Check/Wire Notes If you have any questions or comments regarding the new statement format please contact [email protected] Client Contact:

[email protected]

Page 2 of 2 ends

5.4.a
Packet Pg. 329 Attachment: A: California Employer's Benefit Trust Statement (CERBT) for the Period Ending March 31,

FINANCE COMMITTEE STAFF REPORT
DATE: May 13, 2024
TO: Finance Committee/City Manager
FROM: Kelly Sessions, Administrative Services Director
By: Candace Daniels, Finance Division Manager
SUBJECT: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023

RECOMMENDED ACTION
Staff recommends that the Finance Committee accept the Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ended June 30, 2023.

BACKGROUND/DISCUSSION
State Law and prudent financial management require that the City of San Ramon retain a qualified auditor to conduct an independent review of the City’s financial records and procedures. On May 9, 2023, the City Council approved an agreement for professional audit services with Maze & Associates, including preparation of the ACFR, and the Annual State Controller’s Office Report for Fiscal Years June 30, 2023 through June 30, 2026 (four years) with an option to extend for two additional one-year periods.

The auditors have completed their examination of the financial records and have prepared the City’s Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023.

The Financial Section of the ACFR provides critical information regarding the financial condition of the City through the presentation of financial statements, schedules, note disclosures, and narratives (Management Discussion and Analysis or MD&A).

Highlights of the Financial Section of the ACFR:

Pages 1 -3 Independent Auditor’s Report: This report explains how the audit was performed, points out any significant changes in the financial statements and states the auditor’s opinion. For FY 2022/23, Maze & Associates opines that the City of San Ramon’s Financial Statements are fairly presented in all materials aspects.

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million is invested in capital assets, $75.1 million is restricted, and ($19.6) million is unrestricted. The net position decreased $18.9 million from last fiscal year primarily due to:

5.5 Packet Pg. 330
• Decreases in assets - decreases in cash and investments, notes receivable, and capital assets; offset by increases in accounts receivable, prepaid deposits, and pension and OPEB contributions (deferred outflows).
• Increases in liabilities - increases in accrued payables, deposits payable, unearned revenue, compensated absences and net pension liability; offset by decreases in shortterm liabilities, long-term debt, leases, and OPEB and pension earnings (deferred inflows).

Page 21 ends

supports itself before general tax dollars are included.

Page 24 ends

for all of the major and non-major funds. The ending balance for the General Fund was $26.3 million. The fund balance for all Governmental Funds was $101.4 million.

Page 28 ends

Balances: Shows revenue by source, expenditures by department, transfers, and the net change in fund balances for all major and non-major funds. The General Fund net change in fund balance was $2.5 million and the Dougherty Valley Fund year-end fund balance was $0.02 million. The total net change in all governmental funds increased $1.7 million, primarily due to position savings, offset by funds spent on capital projects.

Page 32 ends

Internal Service Funds of $7.5 million, which is a decrease of $6.0 million.

Page 36 ends

Successor Agency Fund of ($50.3) million, which is due to the reporting of long-term debt.

Pages 48-53 - Cash and Investments (Note 3): Shows total cash and investments of $99.1 million.

Page 58 ends

million.

Pages 59-64 - Long-Term Debt (Note 9): Shows total long-term debt of $58.1 million.

Page 66 ends

million for revenue stabilization and $4.0 million for future expenditure volatility, as recommended by Management Partners, Inc. review of the General Fund Reserve Policy, and a remaining unassigned balance of $11.4 million.

Pages 67-78 - Pension Plans (Note 11): This section gives details of the City’s CalPERS obligations, including the City’s proportionate share of the Dougherty Regional Fire Authority (DRFA) pension plans, and provides information required by GASB Statement No. 68. The net pension liability for the measurement period of June 30, 2022 was $45.8 million, which is an increase of $28.9 million, due to the net difference between projected and actual earnings on

5.5 Packet Pg. 331
pension plan investments from CalPERS. The City’s pension liability increased $19.5 million from the prior fiscal year. The remaining increase of $9.4 million is the City’s share of DRFA’s net pension liability.

Pages 78-81 - Post Employment Healthcare (Note 12): This section gives details of the City’s Other Post-Employment Benefits (OPEB) and provides information required by GASB Statement No. 75. The net OPEB liability for the measurement period of June 30, 2022 was $6.7 million.

Pages 88-107 - Required Supplementary Information: Shows the schedule of changes in the net pension liability, schedule of pension contributions, and schedule of OPEB funding progress.

Pages 108-110 - Schedule of Revenues, Expenditures and Changes in Fund Balance: Shows a budget to actual comparison for the major funds. The General Fund and the Dougherty Valley Fund both ended the fiscal year with an increase in fund balance, $2.5 million and $1.5 million respectively.

Pages 118-123 - Non-Major Governmental Funds Combining Balance sheets: Shows assets, liabilities and ending fund balances for each non-major fund.

Pages 124-162 - Non-Major Governmental Funds Combining Statements of Revenues, Expenditures and Changes in fund balance: Shows revenues, expenditures and ending fund balances for each non-major fund. The budget to actual comparisons begin on page 130.

FISCAL ANALYSIS
The General Reserves ending balance was $26.3 million or 45% of the reserve requirement.

STEPS FOLLOWING APPROVAL
Present the final Annual Comprehensive Financial Report to the City Council on May 28, 2024.

ATTACHMENT
A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023

5.5 Packet Pg. 332
2022/23
Annual
Comprehensive
Financial
Report
For the year ended June 30, 2023

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CITY OF SAN RAMON, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal year ended June 30, 2023
Prepared by the
Administrative Services Department, Finance Division
Kelly Sessions, Director of Administrative Services

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CITY OF SAN RAMON, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Year Ended June 30, 2023
Table of Contents
Page

INTRODUCTORY SECTION
Letter of Transmittal ...................................................................................................................................... i Certificate of Achievement for Excellence in Financial Reporting ........................................................... viii Staff Directory ............................................................................................................................................. ix Organization Chart ........................................................................................................................................ x

FINANCIAL SECTION
Independent Auditors’ Report ....................................................................................................................... 1 Management Discussion and Analysis ......................................................................................................... 5 Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position .............................................................................................................. 20 Statement of Activities ................................................................................................................... 21 Fund Financial Statements:

Balance Sheet – Governmental Funds ........................................................................................... 24 Reconciliation of the Governmental Funds – Balance Sheet with the Statement of Net Position ........................................................................................................ 26 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ............................................................................................................... 28 Reconciliation of the Net Change in Fund Balances – Total Governmental Funds with the Statement of Activities .............................................................................................. 30 Statement of Net Position – Proprietary Funds .............................................................................. 32 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds .................................................................................................................... 33 Statement of Cash Flows – Proprietary Funds ............................................................................... 34 Statement of Fiduciary Net Position .............................................................................................. 36 Statement of Changes in Fiduciary Net Position ........................................................................... 37 Notes to the Financial Statements ........................................................................................................ 39 Required Supplementary Information:

Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan .................................................................................................... 88 Schedule of Contributions – Miscellaneous Plan ................................................................................ 90 Schedule of the Plan’s Proportionate Share of the Net Pension Liability and Related Ratios – Safety Plan ................................................................................................................ 92 Schedule of Contributions – Safety Plan ............................................................................................. 94 Schedule of the Plan’s Proportionate Share of the Net Pension Liability and Related Ratios – Dougherty Regional Fire Authority - Miscellaneous Plan ........................................ 96 Schedule of Contributions – Dougherty Regional Fire Authority - Miscellaneous Plan ..................... 98 Schedule of the Plan’s Proportionate Share of the Net Pension Liability and Related Ratios – Dougherty Regional Fire Authority - Safety Plan ................................................... 100 Schedule of Contributions – Dougherty Regional Fire Authority - Safety Plan ................................ 102 Schedule of Changes in the Net OPEB Liability and Related Ratios – OPEB Plan .......................... 104 Schedule of Contributions – OPEB Plan ........................................................................................... 106

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CITY OF SAN RAMON, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Year Ended June 30, 2023
Table of Contents
Page
Required Supplementary Information (Continued):

Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual
General Fund ......................................................................................................................... 108 Dougherty Valley Fund ......................................................................................................... 109 GHAD – Dougherty Valley Fund ......................................................................................... 110 Notes to Required Supplementary Information .................................................................................. 111 Supplementary Information:

Major Funds:

Schedules of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual:

COPS # 13 Debt Service Fund ........................................................................................ 114 2021 Pension Obligation Bonds Debt Service Fund ....................................................... 115 Capital Improvements Capital Projects Fund ................................................................. 116 Nonmajor Governmental Funds:

Descriptions of Nonmajor Governmental Funds .......................................................................... 117 Combining Balance Sheets ...........................................................................................................118 Combining Statements of Revenues, Expenditures and Changes in Fund Balances ........................................................................................................................ 124 Nonmajor Funds:

Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual:

Special Revenue Funds:

Planning Cost Recovery .................................................................................................. 130 Geographic Information System ..................................................................................... 131 CFD 2014-1 Fund (ACRES) ........................................................................................... 132 CFD 2014-1 Fund (FARIA) ........................................................................................... 133 Gas Tax ........................................................................................................................... 134 Park Development ........................................................................................................... 135 Crow Canyon Project ...................................................................................................... 136 SCCJEPA ........................................................................................................................ 137 Street Maintenance/Improvements ................................................................................. 138 Traffic Improvements ..................................................................................................... 139 Tri-Valley Transportation ............................................................................................... 140 Public Education and Government ................................................................................. 141 Citywide Lighting and Landscaping ............................................................................... 142 Special Landscaping Zones............................................................................................. 143 Canyon Park .................................................................................................................... 144 Village Center Common Area ........................................................................................ 145 Solid Waste ..................................................................................................................... 146 Non-Point Drainage District ........................................................................................... 147 Street Smarts ................................................................................................................... 148 TDM Programs ............................................................................................................... 149 Police Services Donation ................................................................................................ 150 Vehicle Refuse Impact Fees ............................................................................................ 151

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CITY OF SAN RAMON, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Year Ended June 30, 2023
Table of Contents
Page
Supplementary Information (Continued):

Open Space Development Fund ...................................................................................... 152 Development Mitigation ................................................................................................. 153 Preserve Faria Fund ........................................................................................................ 154 TRAFFIX Program ......................................................................................................... 155 GHAD NWSR ................................................................................................................ 156 San Ramon Housing ....................................................................................................... 157 DV Performing Arts Theatre .......................................................................................... 158 Abandoned Vehicle Abatement ...................................................................................... 159 Debt Service Funds:
2010 Pension Obligation Bonds ...................................................................................... 160 LED Lights ..................................................................................................................... 161 COPS # 12 ...................................................................................................................... 162 Internal Service Funds:

Descriptions of Internal Service Funds ........................................................................................ 163 Combining Statements of Net Position ........................................................................................ 164 Combining Statements of Revenues, Expenses and Changes in Fund Net Position ........................................................................................................................... 166 Combining Statement of Cash Flows ........................................................................................... 168 Fiduciary Funds:

Descriptions of Custodial Funds .................................................................................................. 171 Combining Statements of Fiduciary Net Position – Custodial Funds .......................................... 172 Combining Statements of Changes in Fiduciary Net Position – Custodial Funds ....................... 173 STATISTICAL SECTION (Unaudited):

Miscellaneous Statistical Section – Table of Contents ....................................................................... 176 Government-Wide Revenues by Source – Last Ten Fiscal Years ...................................................... 177 Government-Wide Expenses by Function – Last Ten Fiscal Years ................................................... 178 General Governmental Revenues by Source – Last Ten Fiscal Years ............................................... 179 Tax Revenue by Source – Last Ten Fiscal Years ............................................................................... 180 General Governmental Expenditures by Function – Last Ten Fiscal Years ...................................... 181 Net Position by Component – Last Ten Fiscal Years ......................................................................... 182 Changes in Net Position – Last Ten Fiscal Years .............................................................................. 183 Fund Balances of Governmental Funds – Last Ten Fiscal Years ....................................................... 184 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years .................................... 185 Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years .................................................................................................................................. 186 Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ................................................ 187 Principal Sales Tax Producers ............................................................................................................ 188 Principal Property Taxpayers – Current Fiscal Year and Nine Years Ago ........................................ 190 Property Tax Levies and Collections – Last Ten Fiscal Years ........................................................... 192 Ratios of Debt Outstanding – Last Ten Fiscal Years ......................................................................... 193 Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ........................................................... 194

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CITY OF SAN RAMON, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Year Ended June 30, 2023
Table of Contents
Page
STATISTICAL SECTION (Continued):

Direct and Overlapping Debt .............................................................................................................. 195 Legal Debt Margin Information – Last Ten Fiscal Years .................................................................. 196 Pledged-Revenue Coverage – Last Ten Fiscal Years ......................................................................... 197 Demographics Statistics – Last Ten Fiscal Years .............................................................................. 198 Annual Average Employment and Unemployment Rates – Last Ten Fiscal Years ........................... 200 Principal Employers – Current Fiscal Year and Nine Years Ago ...................................................... 201 Full-Time Equivalent (FTE) City Government Employees by Function – Last Ten Fiscal Years .... 202 Operating Indicators by Function/Program – Last Ten Fiscal Years ................................................. 203 Capital Assets Statistics by Function – Last Ten Fiscal Years ........................................................... 204 Miscellaneous Statistical Data ............................................................................................................ 205

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INTRODUCTORY SECTION

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Packet Pg. 342 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) March 11, 2024
To the Citizens of the City of San Ramon,
Honorable Mayor, and Members of the City Council:

We are pleased to present the Annual Comprehensive Financial Report (ACFR) of the City of San Ramon for the fiscal year ended June 30, 2023 with the Independent Auditor’s Report. The ACFR was prepared by the City’s Finance Division of the Administrative Services Department. To provide a reasonable basis for making these representations, management of the City of San Ramon has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft or misuse, as well as to compile sufficient reliable information for the preparation of San Ramon’s financial statements in conformity with Generally Accepted Accounting Principles (GAAP). Because the cost of internal controls should not outweigh their benefits, San Ramon’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. Responsibility for both the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with City management. Management asserts that to the best of our knowledge and belief, the information as presented is accurate in all material respects, that the presentation fairly shows the financial position and the results of the City’s operations as measured by the financial activity of the various funds, and that the included disclosures will provide the reader with an understanding of the City’s financial affairs.

This report is published in accordance with State law requirements that financial statements be presented in conformity with accounting principles generally accepted in the United States of America and audited by a firm of licensed certified public accountants. The City of San Ramon has continued to comply with recent pronouncements of the Governmental Accounting Standards Board (GASB), which is the authoritative body in establishing US GAAP for local governments.

The analysis of the financial condition and the result of operations can be found in the financial section of the Management’s Discussion and Analysis (MD&A) document. This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. i

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Packet Pg. 343 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Profile of the City of San Ramon
The City of San Ramon, incorporated in 1983, is located in Contra Costa County, a growing area in the eastern portion of the San Francisco Bay Area. The City occupies a land area of 18.56 square miles and serves a population of 82,870 as of January 2023. San Ramon continues to show strength as a major employer and a community with high quality residential neighborhoods. San Ramon is considered to be one of the most desirable living areas in the Bay Area.

The City of San Ramon is a Charter City that operates under the Council-Manager form of government. Policymaking and legislative authority are vested in the City Council, which consists of a Mayor elected to a two-year term and a four-member Council elected to four-year terms. The governing Council is responsible for the City’s ordinances, operational resolutions, adoption of the annual budget, appointing commissions and committees, and hiring the City Manager and City Attorney.

The City Manager is responsible for implementing the policies, ordinances and directives of the City Council, for overseeing the day-to-day operations of the City, and for appointing the Directors of City departments. The City provides a number of services and activities summarized as follows:
• Police protection
• Maintenance of streets and roads
• Maintenance of parks and landscaping
• Recreational activities
• Senior activities
• Planning and building services
• Engineering
• Storm water and drainage services
• Economic development
• Other general government services
Financial Information
Budgeting Controls:

The City operates on a fiscal year basis, beginning July 1 and ending June 30. The budget is prepared under the supervision of the City Manager and transmitted to the City Council for deliberation and adoption prior to the beginning of the fiscal year.

Upon adoption by the City Council, the City maintains budgetary controls to ensure compliance with legal provisions embodied in the annual budget. Budget to actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. The City’s budgetary procedures are further discussed in the Notes to the Basic Financial Statements and can be found in the Financial Section of this report. ii

5.5.a
Packet Pg. 344 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Activities of all funds of the City are included in the annual appropriated budget except for the capital projects fund, which adopts a project length budget. In addition, a five-year capital improvement program is updated annually, at which time budgets for new projects and revisions of existing projects are adopted. The level of budgetary control is by fund, although budgets are adopted within funds at the department/division level in all operating funds and at the project level in the capital projects funds. Only the City Council has the authority to increase total appropriations subject only to the appropriation limitations established by State law. Budget appropriations lapse at the end of the fiscal year with the exception of contract commitments and capital improvement projects, which are carried over until the commitment is met, or the project has been completed.

Financial Policies:

Throughout the years, the City has followed a fiscally conservative philosophy, including building and maintaining healthy reserves. This practice has allowed the City to continue providing quality services to its residents at a time when many local agencies are being forced to cut back due to fiscal constraints. On an annual basis, the City Council approves financial policies designed to promote sound financial management and ensure fiscal integrity over time.

This ACFR reflects the implementation of these financial guidelines and presents all fund reserves and designations to define fund balance commitments and obligations as of the financial report date.

Internal Controls:

City management is responsible for establishing and maintaining fiscal internal controls designed to safeguard the assets of the government from loss, theft or misuse, and to ensure that accounting data is accurately compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. To strengthen internal controls, the City formalized a fraud prevention policy which was adopted by City Council. The intent of the policy is to facilitate the development of such controls, which will aid in the prevention and detection of fraud against the City of San Ramon.

Cash Management:

To maximize investment leverage, the City “pools” available cash from all funds for investment purposes. In accordance with the annually adopted investment policy, available cash is invested with the goal of ensuring safety—meaning protection of principal—as the first priority, providing adequate liquidity as the second priority, and maximizing yield as the third priority.

The City’s investments generally include federal agencies, treasuries, certificates of deposit, corporate notes, commercial paper, municipal bonds, and supranationals. The average duration of investments in the City’s investment pool as of June 30, 2023 was 1.65 years. The average return realized on the pooled investments increased from 1.27% in fiscal year 2021-22 to 2.45% in fiscal year 2022-23.
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Packet Pg. 345 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Factors Affecting Financial Condition
Local Economic Conditions:

Taxes, licenses and permits, intergovernmental revenue and investment income were realized above budget levels, but were offset by charges for services, fines and forfeitures and miscellaneous revenue which were below budget levels. Overall, General Fund revenue came in $2.9 million above budget estimates.
• California statewide unemployment registered 4.9%, but the San Ramon residential unemployment rate as measured by the State Employment Development Department was approximately 4.2% as of November 2023
• San Ramon has a very high median household income level of $190,829, which is nearly twice the State of California level of $95,905 per the US Census Bureau’s 2022 Quick Facts
• San Ramon median home values increased 1.7% from November 2022 to November 2023
Planning for the Future:

In spite of challenges the City continues to face (e.g. lingering COVID-19 financial impacts, increased pension costs, aging infrastructure, etc.), the City is confident of its ability to embrace these challenges and move the community forward with a focus on purpose and goals. As the City navigates fiscal year 2023-24 and beyond, every effort will be made to remain conservative with resources in order to maintain desired levels of service. State of California revenue has experienced a recent downturn caused by inflation and stock market declines. Rising interest rates and job losses in high wage sectors also led to slower revenue growth than previously estimated. Governor Newsom’s fiscal year 2023-24 budget priorities include setting aside money in the Budget Stabilization Account (Rainy Day Fund), continued funding for K-12 schools, budget increases for University of California and California State University systems, assistance for homelessness, and infrastructure projects, as well as additional funding for public safety.

The City continues to look for ways to provide high-quality service to residents at lower cost. In 2012, City Council adopted a budget, which required employees to make additional contributions to the City’s pension fund. More recently, the City has continued to rely on contracting for services to cover the expansion of municipal services in the Dougherty Valley area of the City.

During FY 2023-24, service expansion included complete extension of a fiber build on Bollinger Canyon Road from Dougherty Road to Albion Road, continued replacement and renovation of declining plant material, assumption of maintenance responsibilities for new landscape improvements, continued implementation of the Dougherty Valley Tree and Planting Strip Management Program, and assumption of additional maintenance responsibilities for new Dougherty Valley improvements, including additional traffic signs, catch basins, streetlights, and roadways.
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Packet Pg. 346 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) The FY 2022-23 adopted budget did not include any increases in staffing of any department.

Midway through the fiscal year, however, the Police Department increased its staffing by 5.0 full-time equivalent employees, including three sworn officers, to develop a team to combat organized retail theft. This entire program, including officer protective equipment and enhanced camera networks, was funded by a multi-year $5.6 million grant from the State of California.

The City Council has been proactive in planning for an uncertain financial future by:
➢ Establishing a 36% General Contingency Reserve Policy. The General Fund Reserve balance as of June 30, 2023 was $26.3 million (49%).
➢ Setting funds aside in a trust with the California Employer’s Retirement Benefit Trust (CERBT) to cover the future cost of retiree health benefits. The CERBT trust balance was $35.7 million as of June 30, 2023
➢ Setting funds aside in a trust with Public Agency Retirement Services (PARS) to help offset some of the increase in pension costs. The PARS trust balance was $1.7 million as of June 30, 2023
➢ Maintaining an internal service fund to accumulate funds for maintenance of publiclyowned buildings ➢ Fully funding replacement of vehicles and information technology equipment through the use of internal service funds
➢ Working with labor groups to increase employee contributions to the employer portion of pension costs, thus reducing City expense
➢ Transitioning from a defined benefit program for retiree medical benefit to a defined contribution healthcare savings account
These types of actions help preserve the financial health of the City of San Ramon and provide the flexibility to make up for revenue shortfalls. As a result of efforts to preserve the financial health of the City, long-term debt ratings for the General Fund continue to receive an “AAA” from Standard and Poor’s, their highest rating available.

Annual Audit
Maze and Associates, a firm of licensed certified public accountants, audited the City of San Ramon’s financial statements. The goal of an independent audit is to provide reasonable assurance that the financial statements of the City of San Ramon are free of material misstatement for the fiscal year which ends on June 30. This independent audit involved examining evidence supporting the amounts and disclosures in the financial statements on a test v

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Packet Pg. 347 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) basis; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation.

The independent auditor concluded that there was a reasonable basis for rendering an unmodified opinion that the City of San Ramon’s financial statements for the year ended June 30, 2023, are fairly presented in conformity with accounting principles generally accepted in the United States of America. The independent auditor’s report is presented as the first component of the financial section of this report.

The City of San Ramon was not required to undergo an annual single audit in conformity with the provisions of the Single Audit Act of 1984 and the US Office of Management and Budget’s Circular A-133, Audits of State and Local Governments.

Awards for Excellence in Financial Reporting
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 Ramon for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022. The Certificate of Achievement is a prestigious national award, recognizing conformance with the highest standards for preparation of state and local government financial reports.

To be awarded a Certificate of Achievement, the City must publish an easily readable and efficiently organized ACFR, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. The City of San Ramon has received a Certificate of Achievement for the last seventeen consecutive years. The City believes its current report continues to meet the program’s Certificate of Achievement requirements, and will be submitting it to GFOA for consideration of another award.

Budget Award
The City received GFOA’s Distinguished Budget Presentation Award—the highest form of recognition in governmental budgeting—for the annual budget for the fiscal year beginning July 1, 2022. This award represents a significant achievement by the City in that it reflects the commitment of the City Council and staff to meet the highest principles of government budgeting. To receive this award, a governmental unit must publish a budget document that satisfies nationally recognized guidelines for effective budget presentation and meets program criteria as a policy document, a financial plan, an operations guide, and a communications device.
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Packet Pg. 348 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Acknowledgements
The preparation and development of the ACFR could not have been accomplished without the year-round efficiency and dedication of the Finance Division staff and their special efforts, working in conjunction with the City’s independent auditors.

We would like to express our appreciation to all members of City staff who contributed to the final product. We want to thank Maze and Associates, our independent auditors, for their professionalism in performing this year-end financial audit. A special thanks and acknowledgment are due to Candace Daniels, Finance Division Manager and Vivian Gong, Program Manager who devoted extensive time and energy preparing this report. We would also like to thank the Mayor and City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner.

Respectfully submitted,
Steven Spedowfski
City Manager
J. Kelly Sessions
Administrative Services Director
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Packet Pg. 350 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

STAFF DIRECTORY

EXECUTIVE MANAGEMENT
City Manager Steven Spedowfski
City Attorney Martin Lysons
Chief of Police Denton Carlson
City Clerk Christina Franco
Director of Administrative Services Kelly Sessions
Director of Community Development Debbie Chamberlain
Director of Parks & Community Services Kathi Heimann
Director of Public Works Maria Fierner

FINANCE
Finance Division Manager Candace Daniels
Finance Program Manager Vivian Gong
Administrative Analyst Glenda Broadfoot
Administrative Analyst Michelle Joe
Accountant Diego Munoz
Accounting Specialist Adolfo Navarro
Accounting Specialist Sonia Alvarado
Accounting Specialist Nicki MacPherson
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Packet Pg. 351 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Organization Chart
FY 2022-2023
Citizens of San Ramon
City Council
Boards, Commissions, Committees City Manager
Steven Spedowfski
City Clerk
Christina Franco
Administrative Services
Kelly Sessions - Director
Police Services
Denton Carlson - Chief of Police
Parks & Community Services
Kathi Heimann - Director
Public Works
Maria Fierner - Director
Community Development
Debbie Chamberlain - Director
City Attorney
Martin Lysons
Independent AuditorsMaze & Associates, LLP
............
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FINANCIAL SECTION

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Packet Pg. 354 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) INDEPENDENT AUDITOR’S REPORT
To the Honorable Members of the City Council
City of San Ramon, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of San Ramon, California (City), as of and for the year ended June 30, 2023, 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, each major fund, and the aggregate remaining fund information of the City as of June 30, 2023, and the respective changes in financial position and, where applicable, cash flows thereof 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. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

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

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise 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 5.5.a
Packet Pg. 355 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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

In performing an audit in accordance with generally accepted auditing standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

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Packet Pg. 356 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) 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 the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying Supplementary Information, as listed in the Table of Contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the 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 information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Supplementary Information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the Introductory Section 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 financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists 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.

Pleasant Hill, California
March 11, 2024
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Packet Pg. 358 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
This section of the City’s Annual Comprehensive Financial Report presents an overview of the City’s financial activities for the fiscal year ended June 30, 2023. To obtain a complete understanding of the City’s financial condition, this document should be read in conjunction with the accompanying Transmittal Letter and Basic Financial Statements.

Financial Highlights
Financial highlights of fiscal year 2023 include the following:
• Overall, the assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of Fiscal Year 2022-2023 by $408.9 million (net position). Of this amount, ($19.6) million represents unrestricted net position. $75.1 million is restricted for specific purposes, and $353.4 million is the net investment in capital assets. The City’s total net position decreased by $18.9 million from the prior fiscal year. • Deferred outflows increased $6.6 million, due to changes in pension and cash and investments. • Long-term liabilities totaled $58.6 million at the end of the fiscal year, which was $3.0 million less than last fiscal year, mainly due to debt principal payments. • Deferred inflows decreased $19.6 million reflecting a decrease in interest earnings for the pension and OPEB plans.
• Net pension liability was $45.8 million, which was $28.9 million more than the previous fiscal year.
• The City’s governmental funds reported combined ending fund balances of $101.4 million, a decrease of $1.7 million in comparison with the prior fiscal year. • Revenues available for expenditure exceeded the General Fund final budget by $2.9 million due to higher than anticipated revenue in property taxes, licenses and permits, intergovernmental revenue and investment income. The City kept General Fund expenditures within spending limits by $2.4 million.
• The available General Fund ending balance of $26.3 million was $2.5 million more than the previous fiscal year ending balance.

The Financial Statements
The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also includes supplementary information intended to furnish additional detail to support the Basic Financial Statements. Each of these components is discussed below. 5 5.5.a
Packet Pg. 359 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Government-Wide Financial Statements are designed to provide readers with a broad overview of the City’s finances in a manner similar to a private-sector business. The statements present the financial picture of the City from the economic resources measurement focus using the accrual basis of accounting. They present governmental activities and business-type activities separately. Additionally, certain eliminations have occurred as prescribed by GASB statements regarding inter-fund activity, payables and receivables.

The Statement of Net Position presents information on all City’s assets, deferred outflows of resources, liabilities and deferred inflows of resources with the difference reported as net position. Over time, increases or decreases in net position may serve as an indicator of whether the financial health of the City of San Ramon is improving or deteriorating. The City’s pension liability is recorded as is the City’s OPEB-liability on the statement of net position as per generally accepted accounting principles.

The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All current year revenues and expenses are taken into account, regardless of the timing of related cash flows (accrual basis of accounting). In the statement of activities, we separate City activities as follows:

Governmental activities – Most of the City's basic services are reported in this category, including General Government (City Manager, City Clerk, Council, City Attorney and Administrative Services), Community Development (Planning and Building), Police Services, Public Works (streets, facilities, parks, Engineering, Transportation, etc.), and Parks and Community Services (recreation and culture). These activities are generally financed by property and sales taxes, user fees, interest income, franchise fees, and State and Federal shared revenues and grants.

The Government-wide Financial Statements can be found on pages 13-14 of this report.

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

Governmental funds – These funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements, but with a focus on near-term inflows and outflows of spendable resources in addition to their year-end balances. Such information may be useful in evaluating a government’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s financing decisions. Both the governmental fund balance sheet and governmental fund statement of revenues, expenditures and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
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Packet Pg. 360 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
The City maintains 38 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balance for the General Fund, Dougherty Valley Fund, GHAD Dougherty Valley Fund, COPS# 13 Debt Service fund, 2021 POB Debt Service fund and Capital Improvement Project Fund, all of which are considered to be major funds. Data from the other 32 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the Supplemental Information section of this report.

An annual appropriation budget is adopted each year for each governmental fund. A budgetary comparison statement has been provided for several key governmental funds to demonstrate compliance with the budget.

The basic governmental fund financial statements can be found on pages 16-21 of this report.

Proprietary funds – When the City charges its own internal customers for the services it provides, these services are generally reported in proprietary funds. Internal service funds are an accounting device used to accumulate costs internally among the City’s various functions. The City uses internal service funds to account for its investments, equipment replacement, information systems replacement, insurance liability, healthcare, and infrastructure maintenance.

Proprietary fund financial statements provide the same type of information as the government-wide financial statements, only in more detail. All six internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements on pages 23-28. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report.

Proprietary and internal service funds are presented immediately following the notes to the financial statements as part of combining statements referred to earlier in connection with non-major governmental funds. Combining and individual fund statements and schedules can be found on pages 103-161 of this report.

Fiduciary funds – The City acts as trustee, or fiduciary, for certain funds held on behalf of developers and other community organizations such as the San Ramon Valley Tourism Improvement District. Fiduciary funds are used to account for resources held for the benefit of parties outside the City. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City’s own programs. As fiduciary, the City is responsible for ensuring that assets reported in these funds are used for their intended purposes. The Fiduciary fund financials can be found on pages 26-28.

Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The Notes to the Financial Statements can be found on pages 29-76 of this report.

Required Supplementary Information includes schedules, statistical data, and other information in addition to the basic financial statements and accompanying notes. This section also presents certain “required supplementary information” concerning the City’s pension liability, other post-employment benefits, budget-to-actual financial comparisons for the General Fund and other major Special Revenue funds, and can be found on pages 78-97.
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Packet Pg. 361 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Supplementary Information includes information for certificates of participation; major capital projects; non-major governmental, internal service, and custodial funds; and is presented immediately following the required supplementary information on pages 101-162.

Government-Wide Financial Analysis
The City has presented its financial statements under the reporting model required by Governmental Accounting Standards Board Statement No. 34 (GASB 34). The following analysis of the GovernmentWide statements includes a comparison between current and prior year results of operations and yearend balances.

Statement of Net Position
For the fiscal year ending June 30, 2023, the City’s combined net position for all governmental activities decreased $18.9 million from 2022, for a year-end balance of $408.9 million. 2023 2022 $ Change % Change
Current and Restricted Assets $ 120,682,784 $ 124,192,974 $ (3,510,190) -2.8% Capital Assets 375,873,441 384,310,953 $ (8,437,512) -2.2% Total Assets 496,778,361 508,503,927 $ (11,725,566) -2.3% Deferred Outflows of Resources 48,417,323 41,836,805 $ 6,580,518 15.7% Long-term Liabilities Outstanding 58,626,069 61,670,139 $ (3,044,070) -4.9% Net Pension Liability 45,819,967 16,881,808 $ 28,938,159 171.4% Net OPEB Liability 6,668,722 - $ 6,668,722 100.0%
Other Liabilities 17,087,079 16,304,028 $ 783,051 4.8%
Total Liabilities 128,201,837 94,855,975 $ 33,345,862 35.2% Deferred Inflows of Resources 8,046,186 27,638,975 $ (19,592,789) -70.9% Net Investment in Capital Assets 353,429,841 355,599,943 $ (2,170,102) -0.6% Restricted 75,089,247 63,481,492 $ 11,607,755 18.3%
Unrestricted (19,571,427) 8,764,495 $ (28,335,922) -323.3% Total Net Position $ 408,947,661 $ 427,845,930 $ (18,898,269) -4.4% Table 1

STATEMENT OF NET POSITION
As of June 30, 2023 and 2022
Governmental Activities
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Packet Pg. 362 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Total liabilities registered $128.2 million, the majority of which is non-current and due in more than one fiscal year. The non-current liability portion due in more than one year, totals $58.6 million for certificates of participation and debt and pension obligation bonds, $6.7 million for net OPEB liability, and $45.8 million for the net pension liability as required by GASB 68.

Statement of Activities
While the Statement of Net Position provides a measure of the financial health of an entity at a specific date in time (i.e. year-end), the Statement of Activities provides details of how net position changed from the prior year. Generally, the Statement of Activities indicates whether the financial health of the City as a whole is better at June 30, 2023 than it was on June 30, 2022 as shown in Table 2 below. 2023 2022 $ Change % Change
REVENUES:

Program Revenues:

Charges for Services $ 23,370,322 $ 13,386,335 $ 9,983,987 74.6% Operating Contributions and Grants 37,514,694 41,551,345 $ (4,036,651) -9.7% Total Program Revenue 60,885,016 54,937,680 5,947,336 0.0% General Revenues:

Property Tax 24,550,855 23,479,914 $ 1,070,941 4.6%
Sales Tax 14,329,831 12,124,019 $ 2,205,812 18.2%
Transient Occupancy Tax 2,133,699 1,744,152 $ 389,547 22.3% Franchise Tax 5,726,366 5,444,056 $ 282,310 5.2%
Property Transfer Taxes 709,268 1,213,062 $ (503,794) -41.5% Intergovernmental, Unrestricted 163,789 827,008 $ (663,219) -80.2% Investment Income 1,226,819 (2,943,042) $ 4,169,861 -141.7% Miscellaneous & Special item 2,773,322 5,162,831 $ (2,389,509) -46.3% Total General Revenue 51,613,949 47,052,000 $ 4,561,949 9.7% Total Revenues 112,498,965 101,989,680 $ 10,509,285 10.3% EXPENSES:

General Government 17,138,205 7,602,313 9,535,892 125.4% Community Development 6,050,547 4,147,543 1,903,004 45.9% Housing 151,471 166,619 (15,148) -9.1%
Police Services 31,884,506 20,382,863 11,501,643 56.4%
Public Works 63,907,384 52,098,897 11,808,487 22.7%
Parks and Community Services 10,131,767 7,940,542 2,191,225 27.6% Interest 2,133,354 2,168,857 (35,503) -1.6%
Total Expenses 131,397,234 94,507,634 36,889,600 39.0%
Change in Net Position (18,898,269) 7,482,046 (26,380,315) -352.6% Net Position, July 1 427,845,930 420,363,884 7,482,046 1.8% Net Position, June 30 $ 408,947,661 $ 427,845,930 (18,898,269) -4.4% Table 2

STATEMENT OF ACTIVITIES-GOVERNMENTAL ACTIVITIES
As of June 30, 2023 and 2022
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Management’s Discussion and Analysis
June 30, 2023
Revenue Highlights
• Total revenues for governmental activities were $112.5 million, an increase of $10.5 million from prior year. The changes included:
• Charges for Services increased $10.0 million due to an increase in impact fees received. • Operating Contributions and Grants decreased $4.0 million primarily due to a decrease in federal and state grant revenue.
• Sales Tax increased $2.2 million reflecting an increase in retail sales and further recovery from the pandemic.
• Transient Occupancy Tax increased $0.4 million due to increased hotel occupancy. • Franchise Tax increased $0.3 million due to an increase in users. • Property Transfer Tax decreased $0.5 million due to a decrease in homes sales. • Intergovernmental revenue decreased $0.7 due to a decrease in Motor Vehicle License fees and State mandated cost reimbursements.
• Investment income increased $4.2 million due to an increase in investment earnings compared to the prior year.
• Miscellaneous revenue decreased $2.4 million primarily due to a decrease in facility rentals and recreation programs.
• The largest component of general revenue is property taxes at $24.6 million, making up 21.8% of total revenue in the governmental funds. This is consistent with the nature and purpose of governmental funds, particularly in the General Fund, where programs are largely supported by general taxes. The highest tax revenues received by the General Fund include property tax, sales tax, and franchise fees.
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Packet Pg. 364 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
The chart below presents revenue by source for Governmental Activities.

Expense Highlights
Functional expenses for the year totaled $131.4 million, an increase of $37.0 million from the prior year.

The following are changes by function/program:
• General Government increased $9.5 million.
• Community Development increased $1.9 million.
• San Ramon Housing decreased $0.02 million.
• Police Services increased $11.5 million.
• Public Works increased $11.8 million.
• Parks and Community Services increased $2.2 million.
• Interest expense decreased $0.03 million.
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Packet Pg. 365 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Public Works represents $63.9 million (48.6%) of the total. A large portion of Public Works costs are funded from general revenues, primarily taxes and restricted revenues, such as special assessments and operating contributions. The chart below presents expenses by source of Governmental Activities.

Fund Financial Analysis
The City uses fund accounting to segregate accounts for specific activities or objectives, including demonstrating finance-related legal compliance.

Governmental funds – The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, the unassigned fund balance may serve as a useful measure of a government’s net resources available for discretionary use as they represent the portion of fund balance which has not yet been limited to use for a particular purpose by either an external party, the City itself, or a group or individual that has been delegated authority by assigning resources for a particular purpose by the City Council.

Public Works
49%
San Ramon Housing
0%
Interest
2%
Community
Development
4%
General Government
13%
Parks and Community
Services
8%
Police Services
24%
Expenses by Functions/Programs
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Packet Pg. 366 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
• As of the end of the current fiscal year, the City’s governmental funds reported a combined ending fund balance of $101.4 million, an increase$1.7 million from the prior fiscal. This total includes a General Fund balance of $26.3 million. The General Fund balance increased $2.5 million due to an increase in revenue, and savings from position vacancies. • Significant balance changes to other major funds and non-major funds are noted as follows:
• The COP #13 fund balance decreased $0.4 million reflecting expenditures for capital improvement projects funded by the 2019 Certificate of Participation. • The Capital Improvement fund balance decreased $5.5 million due to funds spent on capital improvement projects.
• GHAD Dougherty Valley fund balance increased $1.7 million reflecting an increase in assessment revenue received.
• The Planning Cost Recovery fund balance increased $0.5 million due to an increase in developer fees. • The Gas Tax fund balance decreased $0.3 million due to funds spent on capital improvement projects.
• The Park Development fund balance increased $0.5 million due to an increase in developer fees. • The SCCJEPA fund balance increased $1.5 million due to an increase in developer fees. • The Street Maintenance and Improvement fund balance decreased $0.5 million reflecting funds spent on street improvement projects.
• The Public Education and Government fund balance decreased $0.5 million due to funds spent on capital improvement projects.
• The Police Services Donation fund balance decreased $0.2 million due to funds spent on Police equipment.
• The Vehicle Refuse Impact Fees fund balance increased $1.0 million due to an increase in impact fees.
• The Development Mitigation fund balance increased $1.0 million due to an increase in developer fees.
• The Northwest San Ramon GHAD fund balance increased $0.5 million due to an increase in assessment revenue.
• The San Ramon Housing fund balance decreased $2.1 million reflecting the purchase of property for low- income housing.
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Packet Pg. 367 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Proprietary funds – The City’s Proprietary Funds Statements provide the same type of information found in the Government-Wide Financial Statements, but in more detail.

At the end of the fiscal year, net position totaled $7.5 million. Of that, unrestricted net position was $5.0 million and net investment in capital assets was $2.5 million. Net position of the Proprietary Funds decreased by $6.0 million, reflecting an increase in expenditures for capital assets and insurance premiums and a temporary suspension of revenue received from City departments.

General Fund Budgetary Highlights
The General Fund is the main operating fund of the City. At end of the fiscal year, fund balance of the General Fund was $26.3 million, compared to $23.8 million in the prior year. $0.2 million of the fund balance has been classified as non-spendable while $26.2 million was unassigned.

Revenues
General Fund revenues are primarily derived from taxes, charges for services, licenses and permits, and miscellaneous revenue.

General Fund Revenues totaled $60.8 million at year-end, thus exceeding the $57.9 million revenue budget by $2.9 million (see Table 3).
• Taxes were $2.7 million above budget reflecting an increase in property tax, sales tax and transient occupancy tax.
• Licenses and permits were $0.6 million above budget reflecting an increase in building permits.

Actual Variance from
Revenues Original Final Amount Final Budget
Taxes $ 44,784,254 $ 44,784,254 $ 47,450,017 $ 2,665,763 Licenses and permits 2,748,250 2,748,250 3,312,030 $ 563,780 Intergovernmental 498,484 498,484 673,737 $ 175,253
Charges for services 6,251,004 6,251,004 5,950,166 $ (300,838) Fines and forfeitures 289,000 289,000 172,002 $ (116,998) Investment income 105,000 105,000 380,525 $ 275,525
Miscellaneous 3,176,466 3,176,466 2,819,040 $ (357,426) Total Revenues $ 57,852,458 $ 57,852,458 $ 60,757,517 $ 2,905,059 Table 3

SUMMARY OF GENERAL FUND REVENUES

BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2023
Budget Amounts
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Packet Pg. 368 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
• Intergovernmental revenue was $0.2 million above budget reflecting an increase in revenue for Police grants.
• Charges for services were $0.3 million below budget reflecting a decrease in anticipated inspection and plan check fees for development projects. • Fines and forfeitures were $0.1 million below budget reflecting a decrease in expected vehicle code fees.
• Investment income was $0.4 million above budget reflecting favorable investment fair value adjustments.
• Miscellaneous revenue was $0.3 million below budget reflecting a decrease in estimated facility rentals.

Expenditures
General Fund expenditures totaled $51.8 million, which were $2.4 million less than the final budget of $54.2 million. The under-budget spending was realized by savings from vacant positions and a continued effort by the City to carefully control spending.

Capital Asset and Debt Administration
Capital Assets
Table 5 below summarizes the City’s capital assets by class. Capital assets are reported at historical cost, net of accumulated depreciation. These amounts do not represent the market value or replacement cost of City assets, which would be significantly higher. Historical cost is used, pursuant to accounting standards, to provide an objective basis for reporting capital assets.

At the end of 2023, the City had $375.9 million invested in a broad range of capital assets, including land, streets, bridges, drainage systems, traffic lights, parks, buildings, vehicles, and equipment. 15 5.5.a
Packet Pg. 369 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
The City’s fiscal year 2023-24 capital budget calls for spending $10.4 million for capital projects. The majority of spending is for pavement management, open space preservation, and the Dougherty Valley Tree Management program. Most projects will be financed with funds that have been designated by an outside party for that specific use and/or the 2019 Certificates of Participation (COP) financing.

Additional information about capital assets can be found in Note 8 of the Notes to the Financial Statements.

Debt Administration
At year-end, the City’s governmental activities had $58.1 million in bonds, notes and contracts as shown in Table 6. This was $3.5 million below the prior year reflecting reductions in payments of annual principal on debt. Additional information about the City’s long-term debt obligations can be found in Note 9 of the Notes to the Financial Statements.

Table 5

CAPITAL ASSETS
As of June 30, 2023 and 2022
Governmental Activities
2023 2022 $ Change % Change
Non Depreciable:

Land 42,275,381 $ 42,275,381 $ - $ 0.0%
Construction in Progress 31,653,358 17,341,000 14,312,358 82.5% Depreciable, Net of
Accumulated Depreciation:

Park Improvements 16,907,172 18,656,636 (1,749,464) -9.4% Buildings and Improvements 58,790,441 61,028,073 (2,237,632) -3.7% Machinery, Furniture and Equipment 2,549,491 2,681,464 (131,973) -4.9% Infrastructure 223,697,598 237,695,090 (13,997,492) -5.9% Total Capital Assets $ 375,873,441 $ 379,677,644 $ (3,804,203) -1.0% 16 5.5.a
Packet Pg. 370 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
Economic Factors and Next Year’s Budget
In preparing the budget for fiscal year 2023-2024, management considered the following economic factors:
• Recovery from the COVID-19 pandemic: the City’s economy has largely recovered from the effects of the COVID-19 pandemic, which affected all major City revenue sources. Sales tax, licenses and permits, charges for services and miscellaneous revenue have returned to their pre-pandemic levels.

Recreation programs, theater events and festivals have also largely recovered and are approaching pre-pandemic levels. Despite the revenue recovery, the City continues to experience a structural deficit. The FY 2023-24 budget was balanced using $3.8 million of General Fund reserves as well as reserves from the California Employer’s Benefit Trust (CERBT) to cover ongoing expenses of retired employees.
• Reduction in pension expense: to reduce pension expense, all employees are required to make an additional contribution to their retirement plan.
• Continued expansion of City services in the Dougherty Valley area east of the current City limits: per existing agreements with Contra Costa County, this former County Service Area will see increases in special assessment revenues over the next few years offset by cost increases for service delivery. • The City currently plans to maintain General Fund reserves at 36% to meet the Reserve Policy level. • The expenditure budget will be developed to maintain core City services. This may require additional expenditure decreases across broad categories to offset increasing labor and operating expenses. 2023 2022 $ Change % Change
Certificates of Participation $ 22,066,391 $ 23,427,159 $ (1,360,768) -5.8% 2010 Pension Obligation Bonds 13,700,000 14,185,000 $ (485,000) -3.4% 2021 Pension Obligation Bonds 21,925,000 23,345,000 $ (1,420,000) -6.1% Capital Lease 429,241 712,980 $ (283,739) -39.8%
Total Debt $ 58,120,632 $ 61,670,139 $ (3,549,507) -5.8% Table 6

OUTSTANDING DEBT
As of June 30, 2023 and 2022
Governmental Activities
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Packet Pg. 371 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) City of San Ramon
Management’s Discussion and Analysis
June 30, 2023
• Although the Dougherty Valley annexation has reached its conclusion, the City continues to grow with new infill housing and business. The FY 2022-23 budget is a reflection of the City’s commitment to the residents of San Ramon to continue its historically conservative approach of maintaining a high level of operating reserves to cushion against economic uncertainties, while providing high levels of service. As such, the City has made a commitment to allocate resources for public safety, cultural/social programs, and infrastructure improvements among other things.

A copy of the City’s FY 2023-24 budget can be obtained by contacting the City Administrative Services Department (see below) or via the City’s website at www.sanramon.ca.gov.

Contacting the City’s Financial Management
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 revenues received. If you have questions about this report or need additional financial information, contact the Administrative Services Department, City of San Ramon, 7000 Bollinger Canyon Road, San Ramon, California 94583 or by calling (925) 973-2500.
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Packet Pg. 373 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

STATEMENT OF NET POSITION
JUNE 30, 2023
Governmental
Activities
ASSETS
Cash and investments (Note 3) 91,393,649 $
Restricted cash and investments (Note 3) 2,305,475
Receivables:

Accounts 18,215,731
Interest 598,128
Notes and loans (Note 5) 5,523,806
Leases (Note 7) 2,645,995
Prepaid and deposits 222,136
Capital assets (Note 8):

Capital assets not being depreciated 73,928,739
Capital assets being depreciated, net 301,944,702
Total assets 496,778,361
Unamortized loss on refunding of debt (Note 9) 52,032
Related to pension (Note 11) 36,415,175
Related to OPEB (Note 12) 11,950,116
Total deferred outflows of resources 48,417,323

LIABILITIES
Accounts payable and accrued expenses 8,573,904
Interest payable 177,383
Deposits payable 2,315,367
Unearned revenue 1,154,239
Compensated absences (Note 1L):

Due within one year 896,175
Due in more than one year 4,265,735
Long-term liabilities (Note 9):

Due within one year 3,760,298
Due in more than one year 54,360,334
Net pension liability, due in more than one year (Note 11) 45,819,967 Net OPEB liability, due in more than one year (Note 13) 6,668,722 Claims and judgments payable, due within one year (Note 14) 209,713 Total liabilities 128,201,837
Related to leases (Note 7) 2,475,375
Related to pension (Note 11) 3,808,462
Related to OPEB (Note 13) 1,762,349
Total deferred inflows of resources 8,046,186
NET POSITION (Note 10):

Net investment in capital assets 353,429,841
Restricted for:

Housing 7,301,615
Public, educational, and governmental programs 878,242
Capital projects 28,460,650
Public works 16,164,690
Debt service 2,543,126
Streets and roads 15,263,664
Public safety 69,989
Culture and recreation 1,200,199
Lighting, landscaping, and special zones 3,207,072
Total restricted net position 75,089,247
Unrestricted net position (19,571,427)
Total net position $ 408,947,661
See accompanying notes to financial statements

DEFERRED OUTFLOWS OF RESOURCES

DEFERRED INFLOWS OF RESOURCES
20 5.5.a
Packet Pg. 374 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Net (Expense)
Revenue and Changes
Program Revenues Net Position
Operating
Charges for Grants and Governmental
Functions/Programs Expenses Services Contributions Activities Governmental Activities:

General government $ 17,138,205 $ 74,314 $ 181,907 $ (16,881,984) Community development 6,050,547 5,044,630 310,000 (695,917) San Ramon housing 151,471 - - (151,471)
Police services 31,884,506 232,097 582,219 (31,070,190) Public works 63,907,384 15,291,104 36,440,568 (12,175,712) Parks and community services 10,131,767 2,728,177 - (7,403,590) Interest expense and other charges 2,133,354 - - (2,133,354) Total Governmental Activities 131,397,234 $ 23,370,322 $ 37,514,694 $ (70,512,218) General revenues:

Taxes:

Property 24,550,855
Sales and use 14,329,831
Transient occupancy 2,133,699
Franchise 5,726,366
Property transfer 709,268
Intergovernmental, unrestricted 163,789
Interest income 1,226,819
Miscellaneous 2,773,322
Total general revenues 51,613,949
Change in Net Position (18,898,269)
Net Position-Beginning 427,845,930
Net Position-Ending $ 408,947,661

CITY OF SAN RAMON

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2023
See accompanying notes to financial statements
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Packet Pg. 376 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

FUND FINANCIAL STATEMENTS
Governmental Funds
Major funds are defined generally as having significant activities or balances in the current year.

The funds described below were determined to be Major Funds by the City in fiscal year 2023. Individual nonmajor funds may be found in the Supplementary Information section.

General Fund
Accounts for all financial resources of the City, except those required to be accounted for in another fund.

Dougherty Valley Special Revenue Fund
Accounts for revenue received from Contra Costa County (County) as reimbursements for a variety of municipal services, including police protection, and street and park maintenance, to be provided by the City. Per a Memorandum of Understanding with the County, the City is required to separately track the costs of service provided in the Dougherty Valley Area and submit claims for reimbursements for costs to the County.

Geological Hazard Abatement District (GHAD) – Dougherty Valley (DV) Special Revenue Fund Accounts for revenue received from DV GHAD assessments per residential unit and non-residential square foot. The DV GHAD also obtains minor income from access leases, inspection fees, and an agricultural grazing lease.

COP # 13 Debt Service Fund
Accounts for debt service activity relating to the 2019 Certificates of Participation. 2021 Pension Obligation Bonds Debt Service Fund
Accounts for debt service activity relating to the 2021 Pension Obligation Bonds.

Capital Improvements Capital Projects Fund
Accounts for expenditures for major infrastructure improvements of roads; sidewalks; City facilities, including parks; as well as for the procurement of major pieces of equipment. 23 5.5.a
Packet Pg. 377 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Special Revenue
General Dougherty GHAD - Dougherty
Fund Valley Valley Fund
ASSETS
Cash and investments (Note 3) $ 55,439 16,114,294 $ 13,688,722 $ Restricted cash and investments (Note 3) - - -
Receivables:

Accounts 3,698,268 10,185,951 3,258
Notes and loans (Note 5) 13,881 - -
Interest 134,523 - 55,977
Leases (Note 7) 2,645,995 - -
Due from other funds (Note 4a) - 12,722,195 -
Prepaids and deposits 138,909 29,573 -
Total Assets $ 35,468,065 $ 10,270,963 $ 13,747,957

LIABILITIES
Accounts payable $ 1,598,082 $ 1,151,119 $ 224,538
Accrued payroll 2,041,050 325,422 8,096
Due to other funds (Note 4a) - 8,777,343 -
Deposits payable 1,900,017 - -
Unearned revenue 1,154,239 - -
Total Liabilities 6,693,388 10,253,884 232,634

DEFERRED INFLOWS
Related to leases (Note 7) 2,475,375 - -
Total Deferred Inflows 2,475,375 - -
FUND BALANCE (Note 10)
Nonspendable 152,790 29,573 -
Restricted - - 13,515,323
Committed - - -
Unassigned 26,146,512 (12,494) -
TOTAL FUND BALANCES 26,299,302 17,079 13,515,323
Total liabilities, deferred inflows and fund balances $ 35,468,065 $ 10,270,963 $ 13,747,957 See accompanying notes to financial statements

CITY OF SAN RAMON

GOVERNMENTAL FUNDS

BALANCE SHEET
JUNE 30, 2023
24 5.5.a
Packet Pg. 378 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Capital Projects Nonmajor Total
2021 Pension Capital Governmental Governmental
COPS #13 Obligation Bonds Improvements Funds Funds
$ 224,575 $ 66,138 $ 30,628,958 $ 25,950,362 $ 86,728,488 327,128 - - 317,892 645,020
- - 147,465 1,577,120 15,612,062
- - - 5,509,925 5,523,806
- - 89,967 300,082 580,549
- - - - 2,645,995
- - - - 12,722,195
- - - - 168,482
$ 551,703 $ 66,138 $ 30,866,390 $ 33,655,381 $ 124,626,597 $ - $ 2,244,410 - $ $ 546,896 $ 5,765,045
- - 19,722 87,198 2,481,488
- - - 269,191 9,046,534
- - 141,608 273,742 2,315,367
- - - - 1,154,239
- - 2,405,740 1,177,027 20,762,673
- - - - 2,475,375
- - - - 2,475,375
- - - - 182,363
551,703 66,138 28,460,650 31,601,003 74,194,817
- - - 877,351 877,351
- - - - 26,134,018
551,703 66,138 28,460,650 32,478,354 101,388,549
$ 551,703 $ 66,138 $ 30,866,390 $ 33,655,381 $ 124,626,597 Debt Service
25 5.5.a
Packet Pg. 379 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

RECONCILIATION OF

GOVERNMENTAL FUNDS - BALANCE SHEET

WITH THE

STATEMENT OF NET POSITION
JUNE 30, 2023
TOTAL FUND BALANCES - TOTAL GOVERNMENTAL FUNDS $ 101,388,549 Amounts reported for Governmental Activities in the Statement of Net Position are different from those reported in the Governmental Funds above because of the following:

CAPITAL ASSETS
Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not reported in the Governmental Funds. 373,323,950

LONG-TERM ASSETS AND LIABILITIES
The assets and liabilities below are not due and payable in the current period and therefore are not reported in the funds:

Long-term debt (58,120,632)
Unamortized loss on refunding of debt 52,032
Interest payable (177,383)
Deferred outflow related to pension 36,415,175
Net pension liability (45,819,967)
Deferred inflow related to pension (3,808,462)
Compensated absences (5,161,910)
Deferred outflow related to OPEB 11,950,116
Net OPEB liability (6,668,722)
Deferred inflow related to OPEB (1,762,349)
Claims payable (209,713)
Internal service funds are used by management to charge the costs of certain activities, such as equipment management, to individual funds. The assets and liabilities of the internal service funds must be added to the Statement of Net Position 7,546,977 NET POSITION OF GOVERNMENTAL ACTIVITIES $ 408,947,661
See accompanying notes to financial statements
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Packet Pg. 381 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
General Dougherty GHAD - Dougherty
Fund Valley Valley Fund

REVENUES
Taxes 47,450,017 $ - $ $ -
Licenses and permits 3,312,030 - 6,400
Intergovernmental 673,737 20,215,156 -
Developer fees - - -
Charges for services 5,950,166 1,012 -
Fines and forfeitures 172,002 - -
Investment income 380,525 - 136,874
Special assessments - - 2,170,031
Miscellaneous 2,819,040 98,651 40,590
Total Revenues 60,757,517 20,314,819 2,353,895

EXPENDITURES
Current:

General government - 8,540,478 -
Community development - 5,036,354 -
Housing - - -
Police services 14,354,813 8,305,467 -
Public works 15,724,302 12,413,391 616,104
Parks and community service 8,108,295 - -
Capital outlay - 1,447 -
Debt service:

Principal - - -
Interest and fees - - -
Total Expenditures 51,764,242 20,720,305 616,104

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 8,993,275 (405,486) 1,737,791

OTHER FINANCING SOURCES (USES)
Transfers in (Note 4b) 2,351,287 4,576,958 -
Transfers (out) (Note 4b) (11,109,611) (486,985) (87,714) Total Other Financing Sources (Uses) (6,532,653) 1,864,302 (87,714) NET CHANGE IN FUND BALANCES 2,460,622 1,458,816 1,650,077 FUND BALANCE AT THE BEGINNING OF YEAR 23,838,680 (1,441,737) 11,865,246 FUND BALANCES AT END OF YEAR $ 26,299,302 $ 17,079 $ 13,515,323 See accompanying notes to financial statements
Special Revenue
28 5.5.a
Packet Pg. 382 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Capital Projects Nonmajor Total
2021 Pension Capital Governmental Governmental
COPS #13 Obligation Bonds Improvements Funds Funds
$ - $ - $ - $ 47,450,017 - $
- - - - 3,318,430
- - 3,195,204 5,477,373 29,561,470
- - - 6,666,097 6,666,097
- - - 2,117,445 8,068,623
- - - 33,990 205,992
40,894 - 230,275 250,592 1,039,160
- - - 5,463,842 7,633,873
- 1,888,460 266,821 3,441,741 8,555,303
40,894 1,888,460 3,692,300 23,451,080 112,498,965
- - - 180,748 8,721,226
- - 194,056 252,407 5,482,817
- - - 151,471 151,471
- - - 122,749 22,783,029
- - - 5,453,597 34,207,394
- - - - 8,108,295
- - 20,768,530 4,367,883 25,137,860
760,000 1,420,000 - 1,218,739 3,398,739
843,107 467,217 - 973,780 2,284,104
1,603,107 1,887,217 20,962,586 12,721,374 110,274,935
(1,562,213) 1,243 (17,270,286) 10,729,706 2,224,030
2,132,450 1,888,460 17,890,530 7,236,334 36,076,019
(976,000) (1,831,276) (6,091,290) (15,967,614) (36,550,490) 57,184 1,156,450 11,799,240 (8,731,280) (474,471)
(405,763) 58,427 (5,471,046) 1,998,426 1,749,559
957,466 7,711 33,931,696 30,479,928 99,638,990
$ 551,703 $ 66,138 $ 28,460,650 $ 32,478,354 $ 101,388,549 Debt Service
29 5.5.a
Packet Pg. 383 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

RECONCILIATION OF THE

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS

WITH THE

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2023
The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the Statement of Activities, which is prepared on the full accrual basis.

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 1,749,559 $ 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 is therefore added back to fund balance 25,137,860 Non-capitalized expenditures is deducted from fund balance (7,812,471) Depreciation expense is deducted from the fund balance
Net of internal service fund depreciation of $1,222,261 which has already been allocated to internal service funds (20,997,619)

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

Repayment of bond principal is an expenditure in the governmental funds, but in the Statement of Net Position the repayment reduces long-term liabilities.

Repayment of debt principal is added back to fund balance 3,398,739 Amortization of premium is added back to fund balance 150,768 Amortization of loss on refunding is deducted from fund balance (10,406)

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

Long-term compensated absences 140,831
Interest payable and accrued liabilities, included in accrued liabilities 10,388 Claims payable (107,585)
Net Pension Liability Transactions
Governmental funds record pension expense as it is paid. However, in the Statement of Activities those costs are reversed as deferred outflows/(inflows) and an increase/(decrease) in net pension liability. (14,256,460) Net OPEB Liability Transactions
Governmental funds record OPEB expense as it is paid. However, in the Statement of Activities those costs are reversed as deferred outflows/(inflows) and an increase/(decrease) in net pension liability. (323,378) Internal service funds are used by management to charge the costs of certain activities, such as equipment management, to individual funds. The net revenues (expenses) of the internal service funds is reported with governmental activities. (5,978,495)
CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES $ (18,898,269) See accompanying notes to financial statements
30 5.5.a
Packet Pg. 384 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

PROPRIETARY FUNDS
Proprietary funds account for City operations financed and operated in a manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges.
31 5.5.a
Packet Pg. 385 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PROPRIETARY FUNDS

STATEMENT OF NET POSITION
JUNE 30, 2023
Governmental
Activities
Internal Service
Funds
ASSETS
Current assets:

Cash and investments (Note 3) $ 4,665,161
Restricted cash and investments (Note 3) 1,660,455
Receivables:

Accounts receivable 2,603,669
Interest receivable 17,579
Prepaids 53,654
Total Current Assets 9,000,518
Non-current assets:

Depreciable capital assets, net of
accumulated depreciation (Note 8) 2,549,491
Total Assets 11,550,009

LIABILITIES
Current liabilities:

Accounts payable 245,960
Accrued payroll 81,411
Due to other funds (Note 4a) 3,675,661
Total Liabilities 4,003,032
NET POSITION (Note 10)
Net investment in capital assets 2,549,491
Unrestricted 4,997,486
Total Net Position $ 7,546,977
See accompanying notes to financial statements
32 5.5.a
Packet Pg. 386 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Governmental
Activities
Internal Service
Funds
Operation revenues:

Intergovernmental $ 789,992
Charges for services 105,494
Miscellaneous 12,421,475
Total operating revenues 13,316,961
Operating expenses:

Personnel services 6,460,188
Services and supplies 602,616
Claims and insurance 11,642,042
Depreciation 1,222,261
Total operating expenses 19,927,107
Operating loss (6,610,146)
Non-operating revenue:

Loss on disposal of capital assets (16,537)
Investment income 173,717
Total non-operating revenues 157,180
Loss before transfers (6,452,966)
Transfers:

Transfer in (Note 4b) 2,626,419
Transfer (out) (Note 4b) (2,151,948)
Total transfers 474,471
Change in net position (5,978,495)
Net position - beginning of year 13,525,472
Net position - end of year $ 7,546,977

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION

PROPRIETARY FUNDS

CITY OF SAN RAMON
FOR THE YEAR ENDED JUNE 30, 2023
See accompanying notes to financial statements
33 5.5.a
Packet Pg. 387 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PROPRIETARY FUNDS

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2023
Governmental
Activities
Internal
Service

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from department users $ 15,124,489
Cash payments to suppliers of goods and services (4,739,027) Cash payments to employees and services (14,126,578)
Net cash (used) by operating activities (3,741,116)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers in 2,626,419
Transfers (out) (2,151,948)
Cash Flows from Noncapital Financing Activities 474,471

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition and construction of capital assets (1,106,825) Cash Flows from Capital and Related Financing Activities (1,106,825)

CASH FLOWS FROM INVESTING ACTIVITIES
Investment earnings received 157,180
Cash Flows from Investing Activities 157,180
Net change in cash and cash equivalents (4,216,290)
Cash and investments at beginning of year 10,541,906
Cash and investments at end of year $ 6,325,616

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

Operating loss $ (6,610,146)
Adjustments to reconcile operating income
to net cash provided by operating activities:

Depreciation and amortization 1,222,261
Change in assets and liabilities:

Accounts receivable (1,511,013)
Interest receivable (1,579)
Prepaids (50,819)
Accounts payable (94,756)
Accrued payroll (15,184)
Due to other funds 3,320,120
Net cash provided by operating activities $ (3,741,116) See accompanying notes to financial statements
34 5.5.a
Packet Pg. 388 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

FIDUCIARY FUNDS
The private-purpose trust fund is used to account for monies received from the Contra Costa County Auditor Controller for the repayment of the enforceable obligations of the San Ramon Successor Agency.

These funds are restricted for the sole purpose of payment of items on an approved Recognized Payment Obligation Schedule.

Custodial funds are used to account for assets held by the City as a custodian for individuals, private organizations and other governments. The financial activities of these funds are excluded from the government-wide financial statements, but are presented in separate Fiduciary Fund financial statements. 35 5.5.a
Packet Pg. 389 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

FIDUCIARY FUNDS

STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2023
Private-Purpose Custodial
Trust Fund Funds
ASSETS
Cash and investments (Note 3) $ 205,753 5,197,524 $
Restricted cash and investments (Note 3) 1 -
Notes and loans (Note 5) 4,406 -
Interest receivable 15,959 336
Accounts receivable - 60,580
Capital assets, not depreciated 4,746,608 -
Total Assets 9,964,498 266,669

LIABILITIES
Deposits payable - 116,009
Interest payable 943,380 -
Loan payable to City (Note 6) 359,887 -
Long-term debt (Note 9):

Due in less than one year 2,997,595 -
Due in more than one year 55,916,927 -
Total Liabilities 60,217,789 116,009

NET POSITION (DEFICIT)
Restricted for individuals, organizations
and other governments (50,253,291) $ 150,660 $
See accompanying notes to financial statements
36 5.5.a
Packet Pg. 390 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

FIDUCIARY FUNDS

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2023
Private-Purpose Custodial
Trust Funds Funds

ADDITIONS
Taxes $ 6,151,135 $ -
Investment income 41,963 1,393
Impact fees - 24,073
Miscellaneous 5,016 -
Total additions 6,198,114 25,466

DEDUCTIONS
Debt service:

Interest and fiscal charges 2,541,702 -
Total deductions 2,541,702 -
Change in net position 3,656,412 25,466
Net position - beginning of year (53,909,703) 125,194
Net position - end of year $ (50,253,291) $ 150,660
See accompanying notes to financial statements
37 5.5.a
Packet Pg. 391 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) (This Page intentionally left blank.)

5.5.a
Packet Pg. 392 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(A) Reporting Entity
The City of San Ramon (the “City”) was incorporated in 1983 as a Charter City and operates under a Council/Manager form of government. The Council is composed of five members. As required by generally accepted accounting principles, the financial statements present the government and its component unit for which the government is considered financially accountable. A blended component unit, although a legally separate entity, is, in substance, part of the government’s operations and so data from this unit is combined with the data of the primary government. The blended component unit as described below has a June 30 year end.

Blended Component Unit
The San Ramon Public Financing Authority (the “Authority”) was formed in 1987 as a joint powers authority between the City and the Authority in order to provide financial assistance to the City and the Authority by issuing debt and financing the construction of public facilities.

The members of the City Council also act as the governing board of the Authority. Separate financial statements are not issued for the Authority.
(B) Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government.

For the most part, the effect of interfund activity has been removed from these statements and eliminations have been made to minimize the double counting of internal activities.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment.

Taxes and other items not properly included among program revenues are reported instead as general revenues.

Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements.
(C) Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide, proprietary and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when the liability is incurred, regardless of the timing of the related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. 39 5.5.a
Packet Pg. 393 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal year. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, and claims and judgments are recorded only when payment is due.

Property taxes, franchise taxes, licenses, charges for services, intergovernmental revenue and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government. Inventories are reported in the governmental funds using the purchase method. Inventories are valued on a first-in-first-out basis and since they are held for the City’s own use, they are not adjusted to reflect changes in their market value.

The City reports the following major governmental funds:

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

The Dougherty Valley Special Revenue Fund is used to account for revenue received from Contra Costa County (County) as reimbursements for a variety of municipal services, including police protection, and street and park maintenance, to be provided by the City. Per a Memorandum of Understanding with the County, the City is required to separately track the costs of service provided in the Dougherty Valley Area, and submit claims for reimbursements for costs to the County.

The GHAD – Dougherty Valley Special Revenue Fund accounts for revenue received from Dougherty Valley (DV) Geological Hazard Abatement District (GHAD) assessments per residential unit and non-residential square footage. The DV GHAD also obtains minor income from access leases, inspection fees, and an agricultural grazing lease.

The COP # 13 Debt Service Fund accounts for debt service activity related to the 2019 Certificates of Participation.

The 2021 Pension Obligation Bonds Debt Service Fund accounts for debt service activity relating to the 2021 Pension Obligation Bonds.

The Capital Improvement Capital Projects Fund is used to account for expenditures for major infrastructure improvements of roads, sidewalks, City facilities, including parks, as well as for the procurement of major pieces of equipment.
40 5.5.a
Packet Pg. 394 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In addition, the City reports the following fund types:

Proprietary Fund Type
Internal Service Funds are used to account for the financing of goods or services provided by one department of the City to other departments on a cost-reimbursement basis. The City has six internal service funds – The Investment Fund is for investment management, the Equipment Replacement Fund is for recording the equipment and depreciation thereon, the Information Systems Replacement Fund is for recording computer equipment, the Insurance Liability Fund is used to provide for the general liability and other claims against the City, the Healthcare Fund is used for payment of medical, dental, vision premiums and claims, and the Infrastructure Maintenance Fund is used for the cost of maintaining City buildings.

Fiduciary Fund Types
Private-purpose Trust Fund accounts for monies received from the Contra Costa County Auditor Controller for repayment of the enforceable obligations of the San Ramon Successor Agency. These funds are restricted for the sole purpose of payment of items on an approved Recognized Payment Obligation Schedule.

Custodial Funds are used to report activities related to the City as a fiduciary for individuals, private organizations, and/or other governments, in accordance with the conditions of the agreements. The City has three custodial funds – Cree Court Assessment District Fund, Southern Contra Costa Joint Exercise of Powers Agreement (SCCJEPA) Trust Fund, and San Ramon Valley Tourism Improvement District (TID).

As a general rule, the effect of interfund activity has been eliminated from the governmentwide financial statements.

Amounts reported as program revenues include 1) charges to members, customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes.

Proprietary funds distinguish operating revenues and expenses from nonoperating items.

Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the government’s internal service funds are charges to customers for sales and services. Operating expenses for internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. 41 5.5.a
Packet Pg. 395 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) (D) Restricted Assets
Certain proceeds of debt and lease agreements, as well as certain resources set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited by applicable debt covenants. When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then use unrestricted resources as needed.
(E) Implementation of Governmental Accounting Standards Board (GASB) Pronouncements GASB 96 ‐ Subscription-Based Information Technology Arrangements - In May 2020, GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements.

The objective of this Statement is to provide guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a right-to-use subscription asset—an intangible asset—and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA. The provisions of this Statement were implemented during fiscal year 2023. As part of the implementation of this Statement, the City completed an inventory of all subscriptions and determined that no subscriptions met the requirements to be recorded under this Statement. (F) Cash and Investments
For purposes of the statement of cash flows of the proprietary funds, all cash and investments with an original maturity of 90 days or less are considered to be cash and cash equivalents. The City pools its investment funds for maximum return. Investments are included within the financial statement classifications of “Cash and investments” and “Cash and investments – restricted” and are stated at fair value. The City has adopted the provisions of GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Pools (GASB 31), which require governmental entities to report certain investments at fair value in the financial statements and recognize the corresponding change in the fair value of investments in the year in which the change occurred. In accordance with GASB 31, the City has adjusted certain investments to fair value.
(G) Interfund Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.”
42 5.5.a
Packet Pg. 396 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) (H) Leases
The City is a lessor for noncancellable leases of cell towers. The City recognizes a lease receivable and a deferred inflow of resources in the government-wide and governmental fund financial statements.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

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

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of lease receivable. (I) Capital Assets
Capital assets, which include land, machinery, equipment (vehicles, computers, etc.), buildings and improvements, and infrastructure assets (roads, bridges, etc.), are reported in the statements of net position. Capital assets are defined by the City as all land and buildings, vehicles, and equipment with an initial individual cost of more than $5,000; and improvements and infrastructure assets with costs of more than $100,000. Contributed capital assets are valued at their estimated fair market value on the date contributed. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement, are recorded at acquisition value. All other capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available.

Depreciation is recorded on a straight-line basis over the useful life of the assets as follows:

Parks improvements 25 years
Buildings and improvements 25 to 50 years
Machinery, improvements and equipment 3 to 10 years
Infrastructure assets 10 to 100 years
Infrastructure assets include pavement/roads, storm drains, sidewalks, landscaping, curb and gutters, street lights, traffic signals, bridges, culverts, catch basins, retaining and sound walls, v-ditches, drainage structures and fencing.
43 5.5.a
Packet Pg. 397 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Some capital assets may be acquired using Federal and State grant funds, or they may be contributed by developers or other governments. GASB Statement 34 requires that these contributions be accounted for as revenues at the time the capital assets are contributed. (J) Deferred Outflows and Inflows of Resources
In addition to assets, the statement of net position or balance sheet reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense) until then.

In addition to liabilities, the statement of net position or balance sheet reports 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 or resources (revenue) until that time. (K) Long-Term Debt
In the government-wide statements long-term debt is recorded as liability in the Statement of Net Position.
(L) Employee Compensated Absences
City employees may receive from twelve to twenty-five days vacation time each year, depending upon length of service. An employee may accumulate earned vacation time up to a maximum of two years’ worth of accrued vacation leave. Upon termination, employees are paid the full value of their unused vacation and compensatory time at their existing salary. City employees may accrue twelve days of sick leave each year. Upon termination, employees are paid 25-50 percent depending on length of service, of the value of their unused sick leave balance at their existing salary. There is no fixed payment schedule for employee compensated absences. The liability will be paid by the fund where the employee’s salary was charged, primarily from the General Fund.

The changes of the compensated absences in fiscal year 2022-2023 were as follows:

Governmental
Activities
Beginning Balance 5,302,741 $
Additions 864,863
Payments (1,005,694)
Ending Balance $ 5,161,910
Current Portion $ 896,175
44 5.5.a
Packet Pg. 398 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) (M) Property Taxes
Property taxes are assessed, collected and allocated by the County of Contra Costa.

The duties of assessing and collecting property taxes are performed by the County of Contra Costa Assessor and Tax Collector, respectively. Under the County’s “Teeter Plan,” the County remits the entire amount levied and handles all delinquencies, retaining interest and penalties.

Tax levies cover the period from July 1 to June 30 of each year. All tax liens attach annually on the first day in January proceeding the fiscal year for which the taxes are levied. Taxes are levied on both real and personal property, as it exists on that date.

Secured property taxes are levied against real property and are due and payable in two equal installments. The first installment is due on November 1 and becomes delinquent if not paid by December 10. The second installment is due on February 1 and becomes delinquent if not paid by April 10.
(N) Claims and Judgments
When it is probable that a claim liability has been incurred, and the amount of the loss can be reasonably estimated, the City records the estimated loss, net of any insurance coverage under its self-insurance program. At June 30, 2023, in the opinion of the City Attorney, the City had no material claims which require loss provisions in the financial statements. Small claims and judgments are recorded as expenditures when paid.

The City’s self-insurance program is administered through the Municipal Pooling Authority (the MPA), which is described in Note 14. The MPA is a public entity risk pool, which is accounted for under the provisions of GASB Statement No. 10, Accounting and Financial Reporting for Risk Financing and Related Insurance Issues (GASB 10). Claims losses recorded in the MPA include both current claims and “Incurred But Not Reported” (IBNR) claims.

Deposits to the MPA are recorded by the City as insurance expenditures in the General Fund when paid. These deposits are subject to retrospective adjustment. Favorable claims experience result in a refund of deposits from the MPA and such refunds, if any, are recorded as a reduction of insurance expenditures in the year received. Adverse claims experience result in the payment of additional deposits and such deposits, if any, are recorded as insurance expenditures when paid.
(O) Allocation of Investment Earnings Among Funds
The City pools all unrestricted cash for investment purchases and allocates interest income and gains and losses in fair value based on month-end cash balances. Funds that have restricted cash record interest income in the respective fund.
(P) Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the Unites States of America requires management to make estimates and assumptions that effect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
45 5.5.a
Packet Pg. 399 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) (Q) 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 the measurement date. The City categorizes its fair value measurements within the fair value hierarchy 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.

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. (R) Net Pension Liabilities, Expenses and Deferred Outflows/Inflows of Resources Related to Pension
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pension, and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) plans (Plans) 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 are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.
(S) OPEB Liabilities, Expenses and Deferred Outflows/Inflows of Resources Related to OPEB For purposes of measuring the net OPEB liability, deferred outflows of resources, deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB Plan and additions to/deductions from the OPEB Plan’s fiduciary net position have been determined on the same basis as they are reported by the California Employers’ Retiree Benefit Trust (CERBT). For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.
46 5.5.a
Packet Pg. 400 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) (T) New Fund
During fiscal year 2023, the City created the Abandoned Vehicle Abatement (AVA) Special Revenue Fund to account for the collection of revenue and expenditures incurred to manage the AVA program. The AVA program is a statewide program administered by the California Highway Patrol (CHP). The Vehicle Code imposes a service fee of one dollar ($1) on vehicles registered to an owner with an address in the county that establishes the Authority. The fee is paid to the Department of Motor Vehicles (DMV) at the time of registration. The County distributes Program funds to participating entities based on the allocations determined in the Vehicle Abatement Services Agreement.

NOTE 2 – STEWARDSHIP COMPLIANCE AND ACCOUNTABILITY
(A) Budgetary Accounting
The City Council adopts an Annual Budget, in accordance with generally accepted accounting principles, no later than the second meeting of June of each year for the fiscal year commencing the following July 1. The City follows these procedures in establishing the budgetary data reflected in the financial statements:

1. During May of each year, the City Manager submits to the City Council a proposed budget for the next fiscal year. Copies are made available to the public, the press, and staff members.

2. A series of Council work sessions are held at which the recommended budget is reviewed in detail and the departments (as requested) provide additional information.

3. After review by the City Council, a public hearing is conducted for the purpose of receiving public input on the recommended operating and capital budgets, the Master Fee Schedule, and the Appropriation Limit.

4. Upon completion of the hearings and modifications, if any, to the proposed budget, the budget is adopted no later than June 30th by the City Council through passage of appropriate resolutions.

5. Generally, the budget is amended in the middle of the year. All approved additional appropriations are added to the adopted budget and an amended budget is presented to the City Council, which adopts it after due review. Expenditures may not exceed budgeted appropriations at the fund level.

Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State Controller, returned to the taxpayers through revised tax rates or revised fee schedules, or an excess in one year may be offset against a deficit in the following year. For the fiscal year ended June 30, 2023, based on calculations by City Management, proceeds of taxes did not exceed related appropriations.
47 5.5.a
Packet Pg. 401 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 2 – STEWARDSHIP COMPLIANCE AND ACCOUNTABILITY (Continued) (B) Expenditure in Excess of Appropriations
The City had the following funds with expenditures in excess of appropriations for the year ended June 30, 2023:

Fund Name Amount
Governmental Major Funds:

Capital Improvements Capital Projects Fund $ 4,428,981
Governmental Non-Major Funds:

Special Revenue Funds:

Street Smarts Fund 62,271
TRAFFIX Program Fund 19,048
GHAD - NWSR Fund 412
San Ramon Housing Fund 4,004,994
Abandoned Vehicle Abatement Fund 275
NOTE 3 – CASH AND INVESTMENTS
Cash and investments as of June 30, 2023 are classified in the accompanying financial statements as follows:

Statement of Net Position Amount
Cash and investments $ 91,393,649
Restricted cash and investments 2,305,475
Statement of Fiduciary Net Position
Cash and investments:

Private-Purpose Trust Fund 5,197,524
Custodial Funds 205,753
Restricted cash and investments:

Private-Purpose Trust Fund 1
Total Cash and Investments $ 99,102,402
Cash and investments as of June 30, 2023 consisted of the following:

Cash on hand $ 15,795
Deposits with financial institutions 16,775,435
Investments 82,311,172
Total Cash and Investments $ 99,102,402
48 5.5.a
Packet Pg. 402 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 3 – CASH AND INVESTMENTS (Continued)
(A) Investments Authorized by the California Government Code and the City’s Investment Policy The table below identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investment of debt proceeds held by bond trustees that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy; nor does the table address the investment of funds set aside for the payment of retiree health care benefits which are governed by a separate less restrictive section of the California Government Code.

Maximum Maximum
Maximum Minimum Percentage Investment
Authorized Investment Type Maturity Credit Quality * Allowed in One Issuer Bankers' Acceptances 180 days P-1/A-1 40% 2%
Commercial Paper 270 days A-1/P-1/F-1 25% 2%
FDIC Insured Certificates of Deposit 5 years None None $250,000 Federal Agency Securities 5 years None None 50%
Local Agency Bonds 5 years Aa3/AA- None 10% San Ramon/2% other Municipal
Securities
Local Agency Investment Fund (LAIF) N/A None 15% $75 million Medium-Term Corporate Notes 5 years Aa3/AA- 30% 2%
Money Market Mutual Funds None Aaa/AAA 20% 20%
Negotiable Order of Withdrawal N/A AA $3,500,000 None
Negotiable Time Certificates of Deposit 5 Years Aa2/AA 30% 2% Repurchase Agreements 30 Days None 30% None
State of California Bonds 5 years Aa3/AA- None None
State of California Obligations 5 years Aa3/AA- 3% 3%
Supranational Debt Organizations 5 years Aa2/AA 30% 5%
U.S. Treasury Obligations 5 years None None None
* At time of purchase
(B) Investments Authorized by Debt Agreements
Investments of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. The table below identifies the investment types that are authorized for investments held by bond trustees. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk. 49 5.5.a
Packet Pg. 403 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 3 – CASH AND INVESTMENTS (Continued)
Maximum Maximum
Maximum Percentage Investment Minimum
Authorized Investment Type Maturity of Portfolio in One Issuer Credit Quality Bankers' Acceptances 366 days None 40% A-1
Commercial Paper 270 days None None A-1, AAA
Federal Agency Obligations 3 years None None AAA
Federal Agency Securities None None None None
Investment Agreements 30 Years None None None
Local Agency Bonds None None None None
Local Agency Investment Fund (LAIF) N/A None 15% None
Medium-Term Corporate Notes 5 years None None None
Money Market Mutual Funds N/A None None AAA
Mortgage-backed Securities None None None None
Municipal bonds None None None AAA
U.S. Treasury Obligations None None None None
(C) Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:
12 Months 13 to 25 to
Investment Type or less 24 Months 60 Months Total
Federal Agency Securities $ 13,572,675 $ 6,674,632 $ 7,505,700 $ 27,753,007 U.S. Treasury Notes 6,649,982 3,752,960 16,747,370 27,150,312 Municipal Bonds 991,840 - - 991,840
Medium-Term Corporate Notes 997,050 2,456,463 892,330 4,345,843 Negotiable Time Certificates of Deposit 1,469,303 237,631 1,921,286 3,628,220 Commercial Paper 7,910,276 - - 7,910,276
Money Market Mutual Funds 3,087,202 - - 3,087,202
Supranational Obligations - 1,008,293 1,847,047 2,855,340 Local Agency Investment Fund (LAIF) 618,265 - - 618,265 Held by trustees:

Money Market Mutual Funds 2,310,412 - - 2,310,412
PARS Trust - Mutual Funds 1,660,455 - - 1,660,455
Total Investments $ 39,267,460 $ 14,129,979 $ 28,913,733 82,311,172 Cash in banks and on hand 16,791,230
Total Cash and Investments $ 99,102,402
50 5.5.a
Packet Pg. 404 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 3 – CASH AND INVESTMENTS (Continued)
(D) Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by the California Government Code, the City’s investment policy, or debt agreements, (where applicable) and the actual rating as of year-end for each investment type, as provided by Moody’s investment rating system:

Ratings as of June 30, 2023
Investment Type Aaa Aa1 to Aa3 A-1 to A-3 Total
Municipal Bonds - $ 991,840 $ - $ 991,840 $
Medium-Term Corporate Notes 2,835,060 - 1,510,783 4,345,843 Commercial Paper - - 7,910,276 7,910,276
Money Market Mutual Funds 3,087,202 - - 3,087,202
Supranational Obligations 2,855,340 - - 2,855,340
Held by trustee:

Money Market Mutual Funds 2,310,412 - - 2,310,412
Subtotals 11,088,014 $ 991,840 $ 9,421,059 $ 21,500,913 Not Rated:

Local Agency Investment Fund 618,265
Negotiable Time Certificates of Deposit 3,628,220
PARS Trust - Mutual Funds 1,660,455
Exempt from credit rate disclosure:

Federal Agency Securities 27,753,007
U.S. Treasury Notes 27,150,312
Total Investments $ 82,311,172
(E) Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs.

51 5.5.a
Packet Pg. 405 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
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, 2023:

Level 1 Level 2 Total
Investments by Fair Value Level:

Federal Agency Securities $ 4,035,789 $ 23,717,218 $ 27,753,007 U.S. Treasury Notes 27,150,312 27,150,312 -
Municipal Bonds - 991,840 991,840
Medium-Term Corporate Notes 4,345,843 - 4,345,843
Negotiable Time Certificates of Deposit 3,628,220 - 3,628,220 Commercial Paper 7,910,276 - 7,910,276
Supranational Obligations 2,855,340 - 2,855,340
Subtotal $ 31,186,101 $ 43,448,737 74,634,838
Investments Measured at Amortized Cost:

Money Market Mutual Funds 3,087,202
Held by trustees:

Money Market Mutual Funds 2,310,412
PARS Trust - Mutual Funds 1,660,455
Investments Exempt from Fair Value Hierarchy:

Local Agency Investment Fund (LAIF) 618,265
Total Investments $ 82,311,172
Investments classified in Level 1 of the fair value hierarchy are valued using prices quoted in active markets for those securities, or that offer same day liquidity at a price of par.

Investments classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is the process of estimating the market price of a bond based on the quoted prices of more frequently traded comparable bonds. The Local Agency Investment Fund and the Money Market Funds are reported at amortized cost because the transactions are based on stable net asset value per share. All contributions and redemptions are transacted at $1.00 net asset value per share.
(F) Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. Investments in any one issuer (other than U.S. Treasury securities, mutual funds, and external investment pools) that represent 5% or more of total City investments are as follows:

Issuer Investment Type Amount
Federal Home Loan Bank Federal Agency Securities $ 10,575,139 Federal Farm Credit Bank Federal Agency Securities 9,726,648

52 5.5.a
Packet Pg. 406 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 3 – CASH AND INVESTMENTS (Continued)
(G) Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., brokerdealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: the California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under State law (unless so waived by the governmental unit). The market value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits.

As of June 30, 2023, $16,525,435 of the City’s deposits with financial institutions in excess of Federal Depository Insurance Limits were collateralized. (H)Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The book value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

The total amount invested by all public agencies in LAIF as of June 30, 2023 was $25.7 billion.

LAIF is a part of the California Pooled Money Investment Act (PMIA), which at June 30, 2023 had a portfolio balance of $178.4 billion. Included in LAIF’s investment portfolio are Collateralized Mortgage Obligations, Mortgage-Backed Securities, other Asset-Backed Securities, loans to certain State funds, and floating rate securities issued by Federal Agencies, Government-sponsored Enterprises, United States Treasury Notes and Bills, and Corporate Notes. The average maturity of PMIA investments was 260 days as of June 30, 2023. 53 5.5.a
Packet Pg. 407 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 4 – INTERFUND TRANSACTIONS
(A) Interfund Balances
The purpose of the interfund receivables and payables is to make short-term loans from the General Fund to various funds. The interfund loans are to provide for operating cash flow. At June 30, 2023, interfund balances were as follows:

Due From Other Funds Due to Other Funds Amount
General Fund Dougherty Valley Special Revenue Fund $ 8,777,343 Nonmajor Governmental Funds 269,191
Internal Service Funds 3,675,661
Total $ 12,722,195
(B) Interfund Transfers
Interfund transfers for the year ended June 30, 2023 consisted of the following:

Amount
Fund Receiving Transfers Fund Making Transfers Transferred General Fund GHAD - Dougherty Valley Special Revenue Fund $ 87,714 (A) 2021 Pension Obligation Bonds Debt Service Fund 1,831,276 (B) Capital Improvements Capital Projects Fund 190,320 (C)
Nonmajor Governmental Funds 2,467,648 (A), (B)
Dougherty Valley Special Revenue Fund General Fund 2,351,287 (A) COPS #13 Debt Service Fund General Fund 2,132,450 (B)
2021 Pension Obligation Bonds Debt Service Fund General Fund 1,888,460 (B) Capital Improvements Capital Projects Fund General Fund 1,520,835 (D) Dougherty Valley Special Revenue Fund 263,920 (D)
COPS #13 Debt Service Fund 976,000 (B)
Nonmajor Governmental Funds 12,993,711 (A), (D)
Internal Service Funds 2,136,064 (D)
Nonmajor Governmental Funds General Fund 1,410,590 (D)
Dougherty Valley Special Revenue Fund 223,065 (B)
Capital Improvements Capital Projects Fund 5,080,540 (C) Nonmajor Governmental Funds 506,255 (C)
Internal Service Funds 15,884 (D)
Internal Service Funds General Fund 1,805,989 (A), (E)
Capital Improvements Capital Projects Fund 820,430 (D)
Total Interfund Transfers $ 38,702,438
(A)
(B)
(C)
(D)
(E)
Transfers to fund operation expenditures.

Transfers to fund capital improvements.

Transfers to fund debt service.

Transfers to return excess CIP funding.

Transfer to Internal Service Funds.
54 5.5.a
Packet Pg. 408 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 5 – NOTES AND LOANS RECEIVABLE
Notes and loans receivable activities for the year ended June 30, 2023 are as follows:

Balance at Balance at
June 30, 2022 Additions Deletions June 30, 2023
Governmental Activities
American Baptist Homes $ 5,500,000 $ - $ - $ 5,500,000
Computer Loans 10,563 13,888 (10,570) 13,881
Greystone Homes, Inc. 9,925 - - 9,925
Total notes and loans receivable $ 5,520,488 $ 13,888 $ (10,570) $ 5,523,806 (A) American Baptist Homes
In April 2007, the former Redevelopment Agency approved a loan to American Baptist Homes in the amount of $5,500,000 for the development and improvement of real property for the purpose of developing 105 units of multifamily housing for seniors to very-low-income and low-income households in the City of San Ramon. The $5,500,000 includes a $750,000 loan from the State of California to the former Redevelopment Agency which was then loaned by the Agency to American Baptist Homes. The loan is due and payable in full to the San Ramon Housing Fund no later than fifty-five (55) years from the Completion Date. (B) Computer Loans
The City’s Computer Loan Program provides a financing alternative for employees wishing to purchase personal computer hardware and software similar to what they may be asked to use for City business. As of June 30, 2023, thirty City employees had loans outstanding totaling $13,881.
(C) Greystone Homes, Inc.

In January 1996, the City entered into an Affordable Housing Agreement with Greystone Homes, Inc. The agreement provides for various restrictions on the project to facilitate the affordability of housing units to qualifying low and moderate-income residents. The agreement calls for the reduction of the purchase price of affordable units by $5,000. Upon initial sale of each affordable unit, the homebuyer will execute a promissory note to the City for $9,925, accruing annually compounded interest at 3 percent for a term not to exceed thirty years. The homebuyer agrees to repay the note, together with interest accrued and deferred, upon sale or transfer of the affordable unit. For each note, $4,925 represents the deferred payment of the San Ramon Valley Boulevard Widening Fee to the City.
55 5.5.a
Packet Pg. 409 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 6 – LOAN RECEIVABLE FROM SUCCESSOR AGENCY
During May 2010, the former San Ramon Redevelopment Agency (the “RDA”) authorized a loan from the Low/Mod Housing Fund to the former Redevelopment Special Revenue Fund in the amount of $2,888,859 for five years at the City pool interest rate. These funds were to supplement the State’s Supplemental Educational Revenue Augmentation Fund for 2009-2010.

During April 2011, the former RDA authorized an additional loan from the Low/Mod Housing Fund to the former Redevelopment Special Revenue Fund in the amount of $594,765 for five years at the City pool interest rate. These additional funds were to supplement the State’s Supplemental Educational Revenue Augmentation Fund for 2010-2011.

In fiscal year 2011-2012, the former RDA was dissolved (per Assembly Bill AB X1 26) and all loans were transferred from the RDA to the San Ramon Successor Agency (the “Successor Agency”). During the fiscal year 2012-2013, the City took over ownership of the Low/Mod Housing Fund from the Successor Agency, thereby taking ownership of the two loans. The outstanding amount of the two loans totaled $359,887 at June 30, 2023.

NOTE 7 – LEASE RECEIVABLES
The City, as a lessor, has entered into long-term lease agreements for cell towers which expire at various dates through fiscal year 2035. During the year ended June 30, 2023, the City recognized $312,378 and $84,347 in lease revenue and interest revenue, respectively, pursuant to these contracts. As of June 30, 2023, the City has a receivable for lease payments of $2,645,995, and a balance of deferred inflow of resources of $2,475,375. The future lease payments were discounted at a rate of 2.83% to 3.22%, depending on the length of the lease.

The City is a lessor of twelve cell phone communications site locations of which six meet the requirements to be reported in the financial statements. The City recognizes a lease receivable and a deferred inflow of resources in the government‐wide financial statements, as well as in the applicable funds.

A summary of lease activities for the year ended June 30, 2023 are as follows:

Lessor
Original
Lease Date
Expiration Date
Including Options
Monthly Revenue
as of June 30,
2023
Lease Receivable
Balance at
June 30, 2023
Deferred Inflow of
Resources at June
30, 2023
General Fund:

AT&T 10087745 Cell Tower 6/16/2010 6/15/2035 $ 4,923 $ 587,406 $ 569,633 AT&T D2 Bark & Ride Cell Tower 12/1/2018 11/30/2034 4,214 606,019 508,790 T-Mobile BA01357A Cell Tower 8/21/2019 8/20/2034 2,637 297,360 287,829 T-Mobile BA01240A Cell Tower 8/25/2019 8/24/2034 2,637 297,360 287,811 T-Mobile BA01275A Cell Tower 8/25/2019 8/24/2034 3,369 379,960 367,759 Verizon NG60337 Bark & Ride Cell Tower 9/23/2019 9/22/2034 3,575 477,890 453,553 $ 21,355 $ 2,645,995 $ 2,475,375
56 5.5.a
Packet Pg. 410 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 7 – LEASE RECEIVABLES
The future principal and interest lease receivables as of June 30, were as follows:

Year ending June 30 Principal Interest Total
2024 $ 179,486 $ 77,957 $ 257,443
2025 188,442 72,350 260,792
2026 197,791 66,471 264,262
2027 206,604 60,315 266,919
2028 216,253 53,894 270,147
2029-2033 1,248,832 161,993 1,410,825
2034-2035 408,587 9,849 418,436
Total $ 2,645,995 $ 502,829 $ 3,148,824
57 5.5.a
Packet Pg. 411 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 8 – CAPITAL ASSETS
The following table presents the capital assets activities for the year ended June 30, 2023:

Balance at Balance at
June 30, 2022 Additions Deletions Transfers June 30, 2023 Governmental activities
Capital assets not being depreciated:

Land $ 42,275,381 $ - $ - $ 42,275,381 - $
Construction in progress 17,341,000 14,982,712 - (670,354) 31,653,358 Total capital assets not being depreciated 59,616,381 14,982,712 - (670,354) 73,928,739 Capital assets being depreciated:

Park improvements 56,477,972 271,000 - 56,748,972 -
Buildings and improvements 93,450,223 - - 93,450,223 -
Machinery, improvements and equipment 13,442,780 1,106,825 (380,353) 14,169,252 - Infrastructure:

Pavement/roads 214,567,005 823,379 - 670,354 216,060,738 Curbs and gutters 37,397,547 79,079 - 37,476,626 -
Sidewalks 55,816,017 79,750 - 55,895,767 -
Catch basins 10,750,163 - - 10,750,163 -
Storm drains 84,221,483 470,968 - 84,692,451 -
V-ditches 1,176,594 - - - 1,176,594
Street lights 34,796,619 - - 34,796,619 -
Traffic signals 23,114,947 - - 23,114,947 -
Bridges 29,214,041 - - 29,214,041 -
Culverts 10,512,415 - - 10,512,415 -
Retaining/sound walls 4,635,017 23,825 - - 4,658,842
Drainage structures 3,055,100 - - - 3,055,100
Fencing 1,470,809 - - - 1,470,809
Landscaping 58,400,993 604,523 - 59,005,516 -
Total capital assets being depreciated 732,499,725 3,459,349 (380,353) 670,354 736,249,075 Less accumulated depreciation for:

Park improvements (37,821,336) (2,020,464) - (39,841,800) - Buildings and improvements (32,422,150) (2,237,632) - (34,659,782) - Machinery, improvements and equipment (10,761,316) (1,212,414) 353,969 (11,619,761) - Infrastructure:

Pavement/roads (157,128,254) (7,938,313) - (165,066,567) - Curbs and gutters (15,418,938) (603,696) - (16,022,634) - Sidewalks (37,890,290) (1,606,354) - - (39,496,644)
Catch basins (4,985,280) (215,003) - (5,200,283) -
Storm drains (34,227,729) (1,693,849) - (35,921,578) -
V-ditches (514,754) (21,499) - - (536,253)
Street lights (20,503,562) (802,274) - (21,305,836) -
Traffic signals (16,232,430) (422,576) - (16,655,006) - Bridges (7,303,883) (584,281) - (7,888,164) -
Culverts (2,774,594) (210,248) - (2,984,842) -
Retaining/sound walls (2,612,822) (186,354) - (2,799,176) - Drainage structures (667,680) (61,102) - - (728,782)
Fencing (815,239) (73,540) - - (888,779)
Landscaping (30,358,205) (2,330,281) - (32,688,486) -
Total accumulated depreciation (412,438,462) (22,219,880) 353,969 (434,304,373) - Net governmental-type activities
Capital assets being depreciated 320,061,263 (18,760,531) (26,384) 670,354 301,944,702 Governmental activity capital assets, net $ 379,677,644 $ (3,777,819) $ (26,384) $ 375,873,441 - $ 58 5.5.a
Packet Pg. 412 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 8 – CAPITAL ASSETS (Continued)
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 Amount
General government $ 356,177
Community development 132,652
Police 128,866
Public works 18,942,820
Parks and community services 1,437,104
Internal service funds 1,222,261
Total 22,219,880 $
NOTE 9 – LONG-TERM DEBT
Long-term debt in Governmental Activities for the year ended June 30, 2023 is as follows:

Balance Balance
Amount due
within one
June 30, 2022 Retirements June 30, 2023 year
Certificates of Participation:
2011 COPS #12 Refunding Bonds $ 920,000 $ (450,000) $ 470,000 $ 470,000 2019 COPS #13 19,170,000 (760,000) 18,410,000 800,000
Premium on Debt on 2011 COPS #12 89,223 (44,611) 44,612 - Premium on Debt on 2019 COPS #13 3,247,936 (106,157) 3,141,779 - 14,185,000 (485,000) 13,700,000 515,000
23,345,000 (1,420,000) 21,925,000 1,675,000
Direct-Borrowing:

Bank of America Capital Lease - LED Lighting 712,980 (283,739) 429,241 300,298 Total Debt $ 61,670,139 $ (3,549,507) $ 58,120,632 $ 3,760,298 2010 Pension Obligation Bonds
2021 Pension Obligation Bonds
Governmental Activities:
(A) 2011 Certificates of Participation (COPS #12)
On July 12, 2011, the San Ramon Public Financing Authority issued $11,585,000 of refunding Certificates of Participation. These certificates were issued to repay the City’s 2001 Certificates of Participation in the amount of $8,415,000 and the City’s 1996 Certificates of Participation in the amount of $4,915,000. The 1996 and 2001 Certificates financed the expansion of Central Park and construction of the Community Center. As a result of this current refunding, the refunded bonds are considered to be defeased and the liability has been removed from the Statement of Net Position. Interest on the certificates accrues at 2.50% to 5.00% and is payable semiannually on June 1 and December 1. Principal is payable each June 1.

The reacquisition price exceeded the net carrying amount of the old debt by $364,212, resulting in a deferred loss on refunding. This amount, with a balance of $52,032 as of June 30, 2023, is being netted against the new debt and amortized over the remaining life of the new debt, which is shorter than the life of the refunded debt, and recorded as a deferred outflow of resources on the Statement of Net Position.
59 5.5.a
Packet Pg. 413 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 9 – LONG-TERM DEBT (Continued)
Debt service payments on the 2011 Certificates of Participation will be made from a debt service fund. Annual debt service requirements to maturity are as follows:

For the Year Ending 2011 COPS #12 Refunding
June 30 Principal Interest Total
2024 470,000 $ 21,150 $ 491,150 $
Totals 470,000 21,150 $ 491,150 $
Plus: Premium on debt 44,612
$ 514,612
(B) 2019 Certificates of Participation (COPS #13)
On October 17, 2019, the City of San Ramon issued $20,990,000 of Certificates of Participation. These Certificates were issued to acquire, construct and improve multiple capital improvement projects. Interest on the Certificates accrues at 3.0% to 5.0% and is payable semiannually on June 1 and December 1. Principal is payable each June 1.

Debt service payments on the 2019 Certificates of Participation will be made from a debt service fund. Annual debt service requirements to maturity are as follows:

For the Year Ending 2019 COPS #13
June 30 Principal Interest Total
2024 $ 800,000 $ 801,450 $ 1,601,450
2025 840,000 761,450 1,601,450
2026 880,000 719,450 1,599,450
2027 925,000 675,450 1,600,450
2028 970,000 629,200 1,599,200
2029 - 2033 5,600,000 2,402,200 8,002,200
2034 - 2038 6,855,000 1,152,200 8,007,200
2039 1,540,000 61,600 1,601,600
Totals 18,410,000 7,203,000 $ $ 25,613,000
Plus: Premium on debt 3,141,779
$ 21,551,779
60 5.5.a
Packet Pg. 414 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 9 – LONG-TERM DEBT (Continued)
(C) 2010 Pension Obligation Bonds
On January 21, 2010, taxable Pension Obligation Bonds in the amount of $17,650,000 were issued to prepay the unfunded CalPERS pension obligation. Interest on the bonds accrues at 4 to 6.4 percent and is payable semiannually on June 1 and December 1. Principal is payable each June 1.

Term bonds maturing February 1, 2039 are subject to mandatory sinking fund redemption at par commencing June 1, 2015.

Debt service payments on the Pension Obligation Bonds will be made from a non-major debt service fund. Annual debt service requirements to maturity are as follows:

For the Year Ending 2010 Taxable Pension Obligation Bonds June 30 Principal Interest Total
2024 $ 515,000 $ 876,800 $ 1,391,800
2025 550,000 843,840 1,393,840
2026 585,000 808,640 1,393,640
2027 620,000 771,200 1,391,200
2028 660,000 731,520 1,391,520
2029 - 2033 4,010,000 2,965,120 6,975,120
2034 - 2038 5,450,000 1,508,800 6,958,800
2039 1,310,000 83,840 1,393,840
Totals $ 13,700,000 $ 8,589,760 $ 22,289,760
(D) 2021 Pension Obligation Bonds
On November 9, 2021, taxable Pension Obligation Bonds in the amount of $23,345,000 were issued to prepay the unfunded CalPERS pension obligation. Interest on the bonds accrues at

0.28 to 2.86 percent and is payable semiannually on July 1 and January 1. Principal is payable each July 1. Term bonds maturing July 1, 2035 are subject to mandatory sinking fund redemption. Debt service payments on the Pension Obligation Bonds will be made from a debt service fund. Annual debt service requirements to maturity are as follows:

For the Year Ending 2021 Taxable Pension Obligation Bonds June 30 Principal Interest Total
2024 $ 1,675,000 $ 406,678 $ 2,081,678
2025 1,690,000 395,307 2,085,307
2026 1,705,000 377,810 2,082,810
2027 1,730,000 355,038 2,085,038
2028 1,755,000 327,578 2,082,578
2029 - 2033 9,310,000 1,096,767 10,406,767
2034-2036 4,060,000 155,650 4,215,650
Totals $ 21,925,000 $ 3,114,828 $ 25,039,828
61 5.5.a
Packet Pg. 415 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 9 – LONG-TERM DEBT (Continued)
(E) Bank of America Financed Purchase
On June 28, 2012, the City entered into a twelve-year lease agreement in the amount of $2,687,302 for the lease/purchase of LED lights for the Citywide lighting project, which had a net book value of $2,283,982 at June 30, 2023. The total monthly payments range from $18,105 to $25,940 include interest at 2.34%. Annual debt service requirements to maturity as follows:

For the Year Ending Bank of America Financed Purchase
June 30 Principal Interest Total
2024 $ 300,298 $ 6,864 $ 307,162
2025 128,943 754 129,697
Totals $ 429,241 $ 7,618 $ 436,859
(F) Fiduciary Funds
The City records the activities of the Successor Agency to the former Redevelopment Agency in a Private-Purpose Trust Fund which has long-term debt for the year ended June 30, 2023 as follows:

Balance Principal Balance Amount due
June 30, 2022 Retirements June 30, 2023 within a year
2006 Tax Allocation Revenue Bonds, Series A $ 19,300,993 $ (615,459) $ 18,685,534 $ 582,595 2015 Subordinate Tax Allocation Refunding Bonds, Series A 28,775,000 (1,945,000) 26,830,000 2,040,000 2015 Subordinate Tax Allocation Refunding Bonds, Series B 11,850,000 (365,000) 11,485,000 375,000 59,925,993 (2,925,459) 57,000,534 2,997,595
Premium on Debt 2,234,671 (139,667) 2,095,004 -
Discount on Debt (193,084) 12,068 (181,016) -
$ 61,967,580 $ (3,053,058) $ 58,914,522 $ 2,997,595
Subtotal
Total Debt
(1) 2006 Tax Allocation Revenue Bonds, Series A
On October 11, 2006, the San Ramon Public Financing Authority issued 2006 Tax Allocation Revenue Bonds, Series A, consisting of $19,535,000 amount of Current Interest Bonds and $12,331,570 initial principal amount of Capital Appreciation Bonds. These Bonds were issued to finance redevelopment projects and pay costs of bond issuance. Interest on the bonds accrues at 4.49% to 4.87% and is payable semiannually on February 1 and August 1. Principal is payable each February 1. The current interest portion was refunded by the 2015 Subordinate Tax Allocation Refunding Bonds, Series A.
62 5.5.a
Packet Pg. 416 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 9 – LONG-TERM DEBT (Continued)
Debt service payments on the 2006 Tax Allocation Revenue Bonds, Series A, will be made from the Private-Purpose Trust Fund. Annual debt service requirements to maturity are as follows:

For the Year
Ending 2006 Tax Allocation Revenue Bonds, Series A
June 30 Principal Interest Total
2024 582,595 $ 712,405 $ 1,295,000 $
2025 766,914 1,028,086 1,795,000
2026 729,273 1,065,727 1,795,000
2027 693,774 1,106,226 1,800,000
2028 659,142 1,140,858 1,800,000
2029-2033 5,545,673 12,129,327 17,675,000
Totals 8,977,371 17,182,629 $ 26,160,000 $
Accretion to date 9,708,163
$ 18,685,534
(2) 2015 Subordinate Tax Allocation Refunding Bonds, Series A On June 4, 2015, the Successor Agency of the former Redevelopment Agency issued 2015 Subordinate Tax Allocation Refunding Bonds, Series A, for $33,860,000. The Bonds were issued to prepay all amounts outstanding under the 1998 Tax Exempt Loan, the 2004 Tax Exempt Loan and the portion of the 2006 Tax Exempt Loan. Interest on the bonds accrues at 4 to 5 percent and is payable semiannually on February 1 and August 1. Principal is payable each February 1.

Debt service payments on the 2015 Subordinate Tax Allocation Refunding Bonds, Series A, will be made from the Private-Purpose Trust Fund. Annual debt service requirements to maturity are as follows:

For the Year
Ending 2015 Subordinate Tax Allocation Refunding Bond, Series A June 30 Principal Interest Total
2024 2,040,000 $ 1,341,500 $ 3,381,500 $
2025 1,520,000 1,239,500 2,759,500
2026 1,595,000 1,163,500 2,758,500
2027 1,670,000 1,083,750 2,753,750
2028 1,760,000 1,000,250 2,760,250
2029 - 2033 - 4,561,250 4,561,250
2034 - 2038 18,245,000 2,825,750 21,070,750
Totals $ 26,830,000 $ 13,215,500 $ 40,045,500
63 5.5.a
Packet Pg. 417 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 9 – LONG-TERM DEBT (Continued)
(3) 2015 Subordinate Tax Allocation Refunding Bonds, Series B On June 4, 2015, the Successor Agency of the former Redevelopment Agency issued 2015 Subordinate Tax Allocation Refunding Bonds, Series B, for $16,515,000. The Bonds were issued to prepay the 2006 Taxable Housing Loan and the 2006 Taxable Non-Housing Loan.

The remaining proceeds of the 2015 Bonds were used to purchase a municipal bond insurance policy and a debt service reserve insurance policy for the 2015 Bonds. Interest on the bonds accrues at 1 to 4 percent and is payable semiannually on February 1 and August 1. Principal is payable each February 1.

Debt service payments on the 2015 Subordinate Tax Allocation Refunding Bonds, Series A, will be made from the Private-Purpose Trust Fund. Annual debt service requirements to maturity are as follows:

For the Year
Ending 2015 Subordinate Tax Allocation Refunding Bond, Series B June 30 Principal Interest Total
2024 375,000 $ 525,313 $ 900,313 $
2025 520,000 511,250 1,031,250
2026 540,000 490,450 1,030,450
2027 560,000 468,850 1,028,850
2028 585,000 443,650 1,028,650
2029 - 2033 3,945,000 1,745,050 5,690,050
2034 - 2038 4,960,000 728,176 5,688,176
Totals $ 4,912,739 11,485,000 $ 16,397,739 $
NOTE 10 – NET POSITION AND FUND BALANCES
(A) Net Position
The government-wide and proprietary fund financial statements utilize a net position presentation. Net position is categorized as invested in capital assets (net of related debt), restricted, and unrestricted.
• Net Investment in Capital Assets – groups all capital assets, including infrastructure, into one component of net position. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction, or improvement of these assets reduce the balance in this category.
64 5.5.a
Packet Pg. 418 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 10 – NET POSITION AND FUND BALANCES (Continued)
• Restricted – reflects net position that are subject to constraints either (1) externally imposed by creditors, grantors, contributors, or laws or regulations of other governments, or (2) imposed by law through constitutional provisions or enabling legislation. Enabling legislation authorizes the City to assess, levy, charge, or otherwise mandate payment of resources and includes a legally enforceable requirement that those resources be used only for the specific purposes stipulated in the legislation. A legally enforceable enabling legislation restriction is one that a party external to a government – such as citizens, public interest groups, or the judiciary – can compel a government to honor. • Unrestricted – represents net position of the City that are not restricted for any project or purpose.
(B) Fund Balances
As prescribed by generally accepted accounting principles, governmental funds report fund balance in classifications based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the funds can be spent. As of June 30, 2023, fund balances for government funds are made up of the following:
• Nonspendable – includes amounts that are (a) not in spendable form, or (b) legally or contractually required to be maintained intact. The “not in spendable form” criterion includes items that are not expected to be converted to cash, for example: inventories, prepaid amounts, and long-term notes receivable.
• Restricted – includes amounts that can be spent only for the specific purposes stipulated by external resource providers, constitutionally or through enabling legislation. Restrictions may effectively be changed or lifted only with the consent of resource providers. • Committed – includes amounts that can only be used for the specific purposes determined by a formal action of the City’s highest level of decision-making authority, through the adoption of a resolution. Commitments may be changed or lifted only by the City taking the same formal action that imposed the constraint originally. As of June 30, 2023, the City has committed fund balance in the amount of $877,351. Of the committed fund balance $577,554 was held in the Planning Cost Recovery Special Revenue Fund and $302,797 in the Geographic Information System Special Revenue Fund. The City established the Planning Cost Recovery Special Revenue Fund to separate the General Plan Recovery Fee that is collected with each building permit to cover the costs of ongoing implementation, monitoring, and maintenance of the General Plan.
• Assigned – comprises amounts intended to be used by the City for specific purposes that are neither restricted nor committed. Intent is expressed by (1) the City Council or (b) a body (for example: a budget or finance committee) or the City Manager to which the City Council has delegated the authority to assign amounts to be used for specific purposes. • Unassigned – is the residual classification for the General Fund and residual fund deficits, if any, of other governmental funds. Unassigned amounts are technically available for any purpose.
65 5.5.a
Packet Pg. 419 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 10 – NET POSITION AND FUND BALANCES (Continued)
In circumstances when an expenditure is made for a purpose for which amounts are available in multiple fund balance classifications, fund balance is generally depleted in the order of restricted, committed, assigned, and unassigned.

Fund balances for all the major and nonmajor governmental funds as of June 30, 2023, were classified as follows:

GHAD - 2021 Pension Nonmajor
General Dougherty Dougherty Obligation Capital Governmental Classifications Fund Valley Valley Fund COP #13 Bonds Improvements Funds Total Nonspendable:

Notes and loans $ - 13,881 $ - $ - $ - $ - $ - $ 13,881 $ Prepaids 138,909 29,573 - - - - - 168,482
Total Nonspendable 152,790 29,573 - - - - - 182,363
Restricted for:

Community development projects - - - - - - 922,744 922,744 Streets and roads projects - - 13,515,323 - - - 4,803,144 18,318,467 Developers related activities - - - - - - 8,924,668 8,924,668 Debt service - - - 551,703 66,138 - 1,925,285 2,543,126 Park and facilities projects - - - - - - 1,666,354 1,666,354 Lighting and landscape projects - - - - - - 3,207,072 3,207,072 Capital projects - - - - 28,460,650 28,460,650 -
Police services - - - - - 122,601 122,601 -
Solid waste projects - - - - - 2,727,520 2,727,520 -
Housing projects - - - - - 7,301,615 7,301,615 -
Total Restricted - 13,515,323 - 551,703 66,138 28,460,650 31,601,003 74,194,817 Committed to:

Community development projects - - - - - 574,554 574,554 - Capital projects - - - - - - 302,797 302,797
Total Committed - - - - - - 877,351 877,351
Unassigned for:

Expenditure volatility - 4,000,000 - - - - - 4,000,000
Future revenue stabilization - 10,700,000 - - - - - 10,700,000 Remaining unassigned 11,446,512 (12,494) - - - - 11,434,018 - Total Unassigned 26,146,512 (12,494) - - - - 26,134,018 - Total Fund Balances $ 26,299,302 $ 13,515,323 17,079 $ $ 551,703 $ 28,460,650 66,138 $ $ 32,478,354 $ 101,388,549 Special Revenue Debt Service
(C) Policies
The City’s General Fund Reserve Policy requires the General Fund reserves to maintain a minimum of 36% of General Fund Operating Expenditures and the inclusion of the annual transfer payment from the General Fund to the Dougherty Valley Special Revenue Fund in the calculation. The reserve balance for the year ended June 30, 2023 was $23,521,480. The uses of these reserves are restricted unless approved by resolution of the City Council.

66 5.5.a
Packet Pg. 420 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS
The City reported pension amounts on the financial statements are follows:

Net Deferred Deferred
Pension Inflows of Outflows of Pension
Liability Resources Resources Expense
Miscellaneous Agent Plan - City $ 25,294,530 $ - $ 18,927,814 $ 6,461,124 Safety Cost Sharing - City 8,154,476 1,660,909 8,077,815 8,855,683 Miscellaneous Cost Sharing - DRFA 144,361 21,954 104,759 (2,242) Safety Cost Sharing - DRFA 12,226,600 2,125,599 9,304,787 602,804 Total $ 45,819,967 $ 3,808,462 $ 36,415,175 $ 15,917,369 (A) General Information about the Pension Plans
Plan Descriptions – All qualified permanent and probationary employees are eligible to participate in the City’s separate Safety (police) cost-sharing and Miscellaneous (all other) agent multiple-employer defined benefit pension plans, administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions 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 retire at age 50 with statutorily 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.

The Plans’ provisions and benefits in effect at June 30, 2022 (measurement date), are summarized as follows:

Miscellaneous
Hire date
Prior to
July 1, 2012
Between July 1, 2012 and
January 1, 2013
On or after
January 1, 2013
Benefit formula 2.7% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50-55 50-60 52-62

2.0% to 2.7% 1.092% to 2.0% 1.0% to 2.0%
Required employee contribution rates 8.0% 7.0% 6.25%
Required employer contribution rates 11.32% 11.32% 11.32% Unfunded liability contribution (UAL) (1)
(1) The unfunded liability contribution is the aggregate for all three Miscellaneous plans.

Monthly benefits, as a % of eligible compensation
$1,091,925
67 5.5.a
Packet Pg. 421 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Safety
Hire date
Prior to
July 1, 2012
Between July 1, 2012 and
January 1, 2013
On or after
January 1, 2013
Benefit formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 50-55 50-57
3% 2.4% to 3.0% 2.0% to 2.7%
Required employee contribution rates 9% 9% 13.75%
Required employer contribution rates 25.64% 22.48% 13.66% Unfunded liability contribution (UAL) $353,517 $19,538 $12,294 Dougherty Regional Fire Authority (2)
Hire date
Miscellaneous
Prior to
July 1, 2012
Safety
Prior to
July 1, 2012
Benefit formula 3% @ 60 3% @ 50
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 60 50
Unfunded liability contribution (UAL) $15,272 $1,291,368 (2) The DFRA was terminated on June 30, 1997. The City of San Ramon shares the contribution requirements with the City of Dublin at 42.49%
Monthly benefits, as a % of eligible compensation
(B) Miscellaneous Agent Multiple-Employer Defined Benefit Pension Plan Employees Covered – As of the June 30, 2021 actuarial valuation date and the June 30, 2022 measurement date, the following employees were covered by the benefit terms for the Miscellaneous Agent Multiple-Employer Defined Benefit Pension Plan:

Miscellaneous
Inactive employees or beneficiaries currently receiving benefits 203 Inactive employees entitled to but not yet receiving benefits 214 Active employees 206
Total 623
Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if Plan contracts are amended. Payments made by the City to satisfy contribution requirements that are identified by the Plan terms as Plan member contribution requirements are classified as Plan member contributions.

For the measurement period ended June 30, 2022, the City’s contributions to the Plan were $3,572,218.
68 5.5.a
Packet Pg. 422 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Net Pension Liability
The City’s net pension liability for each Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability for each Plan is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2021 rolled forward to June 30, 2022, using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

Changes in the Net Pension Liability
The changes in the Net Pension Liability for the Miscellaneous Plan at the measurement date are as follows:

Increase (Decrease)
Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability/(Asset)
Balance at June 30, 2021 $ 168,663,129 181,272,363 $ 12,609,234 $ Changes in the year:

Service cost 4,237,685 4,237,685 -
Interest on the total pension liability 12,899,711 - 12,899,711 Changes in assumptions 6,694,817 - 6,694,817
Differences between expected and actual experience 779,968 - 779,968 Contribution - Employer - 24,058,195 (24,058,195)
Contribution - Employees 1,603,059 - (1,603,059)
Net investment income (13,629,302) - 13,629,302
Benefit payments, including eefunds of employee
Contributions (7,827,302) (7,827,302) -
Administrative expenses - (105,067) 105,067
Net changes 16,784,879 4,099,583 12,685,296
Balance at June 30, 2022 $ 172,762,712 198,057,242 $ 25,294,530 $ 69 5.5.a
Packet Pg. 423 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate – The following presents the net pension liability of the City for the Miscellaneous Plan, calculated using the discount rate for each Plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Miscellaneous
1% Decrease 5.90%
Net Pension Liability $ 52,854,948
Current Discount Rate 6.90%
Net Pension Liability $ 25,294,530
1% Increase 7.90%
Net Pension Liability $ 2,571,518
Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2023, the City recognized pension expense of $6,461,124. At June 30, 2023, 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 3,572,218 $ - $ Changes in assumptions 4,782,012 -
Differences between actual and expected experience 1,367,425 - Net differences between projected and actual earnings on pension plan investments 9,206,159 -
Total $ 18,927,814 $ -
70 5.5.a
Packet Pg. 424 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
$3,572,218 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024. 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
2024 $ 4,500,451
2025 3,696,356
2026 1,984,041
2027 5,174,748
Total $ 15,355,596
(C) Safety Cost-Sharing Multiple-Employer Defined Benefit Plan Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

For the year ended June 30, 2023, the contributions recognized as part of pension expense for the Safety (cost-sharing plan) were as follows:

Tier 1 Tier 2 PEPRA Total
Contributions - employer 1,118,581 $ $ 815,451 $ 519,136 $ 2,453,168 Pension Liabilities, Pension Expenses and Deferred 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 pensions expense, information about the fiduciary net position of the Plans and additions to/deductions from the Plans’ 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, 2023, the City reported a net pension liability of $8,154,476 for its proportionate share of the net pension liability of the Plan.
71 5.5.a
Packet Pg. 425 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
The City’s net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2022, 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, 2021 rolled forward to June 30, 2022 using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for the Plan as of June 30, 2021 and 2022 was as follows:

Safety
Proportion - June 30, 2021 0.03728%
Proportion - June 30, 2022 0.11867%
Change - Increase (Decrease) 0.08139%
For the year ended June 30, 2023, the City recognized a pension expense of $8,855,683. At June 30, 2023, 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 $ 2,453,168 $ - Differences between actual and expected experience 337,484 (88,551) Changes in assumptions 822,218 -
Net differences between projected and actual earnings
on plan investments 1,287,706 -
Difference between proportional and actual contributions 2,031,662 (301,694) Change in employer's proportion and differences between the employer’s contributions and the employer’s
proportionate share of contributions 1,145,577 (1,270,664) Total $ 8,077,815 $ (1,660,909)
$2,453,168 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024. 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
2024 1,565,445 $
2025 1,121,883
2026 490,892
2027 785,518
Total 3,963,738 $
72 5.5.a
Packet Pg. 426 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Sensitivity of the Proportionate Share of the Net Pension Liability (Asset) to Changes in the Discount Rate – The following presents the City’s proportionate share of the net pension liability (asset) for each Plan, calculated using the discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Safety
1% Decrease 5.90%
Net Pension Liability $ 18,611,065
Current Discount Rate 6.90%
Net Pension Liability 8,154,476 $
1% Increase 7.90%
Net Pension Liability (Asset) $ (391,423)
Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. (D) Dougherty Regional Fire Authority Cost Sharing Multiple-Employer Defined Benefits Plans Dougherty Regional Fire Authority Background – In 1988, the cities of Dublin and San Ramon formed Dougherty Regional Fire Authority (DRFA), a Joint Powers Agency (JPA). The JPA provided fire services to all of Dublin and the southern portion of San Ramon. In 1997, the two cities decided to change how fire services would be provided in each City. As a result, JPA personnel were absorbed by the two new service providers pursuant to a mutual agreement. The JPA has remained intact to conclude the financial affairs of the entity. This includes residual retiree obligations and workers’ compensation liabilities. San Ramon’s share of all DRFA close-out expenses, including retiree medical benefits, is 42.49% of the actual costs, with the City of Dublin paying 57.51% of the costs. The two cities have entered into a binding agreement to share these expenses on this basis. The City of San Ramon is presenting information only for its contractual share of obligations.

Contributions – Section 208014(c) of the California Public Employees’ Retirement Law requires that the employer contribution rate for all public employers be determined on an annual basis by the actuary and shall be effective on July 1 following notice of a change in the rate. Funding contributions for the Plan are determined annually on an actuarial basis 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 difference between the actuarially determined rate and the contribution rate of employees.

For the year ended June 30, 2023, the contributions recognized as part of pension expense for the DRFA Safety (cost-sharing plan) amounted to $1,291,368.

73 5.5.a
Packet Pg. 427 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Pension Liabilities, Pension Expenses and Deferred 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 pensions expense, information about the fiduciary net position of the Plans and additions to/deductions from the Plans’ 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, 2023, the City reported net pension liabilities of $144,361 and $12,226,600 for the Miscellaneous and Safety Plans, respectively, for its proportionate shares of the net pension liability of the Plans.

The City’s net pension liability for the Plans is measured as the proportionate share of the net pension liability. The net pension liability of the Plans is measured as of June 30, 2022, and the total pension liability for the Plans used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021 rolled forward to June 20, 2022 using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined.

The City’s proportionate share of the net pension liability for the Plans as of June 30, 2021 and 2022 measurement dates was as follows:

Miscellaneous Safety
Proportion - June 30, 2021 0.00183% 0.08347%
Proportion - June 30, 2022 0.00309% 0.17793%
Change - Increase (Decrease) 0.00126% 0.09446%
74 5.5.a
Packet Pg. 428 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
For the year ended June 30, 2023, the City recognized a pension expense of $(2,242) and $602,804 for the Miscellaneous and Safety plans, respectively. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Miscellaneous (DRFA)
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 15,272 $ $ - Differences between actual and expected experience 2,899 (1,942) Changes in assumptions 14,793 -
Net differences between projected and actual earnings
on plan investments (15,970) 26,443
Change in employer's proportion and differences between the employer’s contributions and the employer’s
proportionate share of contributions 45,352 (4,042)
Total $ 104,759 $ (21,954)
Safety (DRFA)
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 1,291,368 $ $ - Differences between actual and expected experience 506,015 (132,771) Changes in assumptions 1,232,811 -
Net differences between projected and actual earnings
on plan investments (1,789,827) 1,930,751
Change in employer's proportion and differences between the employer’s contributions and the employer’s
proportionate share of contributions (203,001) 4,343,842 Total $ 9,304,787 $ (2,125,599)
$15,272 and $1,291,368 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expenses as follows:

Miscellaneous (DRFA) Safety (DRFA)
Year Ended Annual Year Ended Annual
June 30 Amortization June 30 Amortization
2024 $ 17,200 2024 $ 1,638,379
2025 19,620 2025 1,772,590
2026 14,539 2026 1,299,068
2027 16,174 2027 1,177,783
Total $ 67,533 Total $ 5,887,820
75 5.5.a
Packet Pg. 429 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – 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 each Plan, calculated using the discount rate of each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Miscellaneous Safety
1% Decrease 5.90% 1% Decrease 5.90%
Net Pension Liability $ 215,706 Net Pension Liability $ 17,884,689 Current Discount Rate 6.90% Current Discount Rate 6.90% Net Pension Liability $ 144,361 Net Pension Liability $ 12,226,600 1% Increase 7.90% 1% Increase 7.90%
Net Pension Liability $ 85,661 Net Pension Liability $ 7,602,890 (E) Information Common to the Miscellaneous and Safety Plans Actuarial Assumptions – The total pension liabilities as of June 30, 2022 measurement date were based on the following actuarial assumptions:

Miscellaneous & Safety
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Payroll Growth 2.80%
Projected Salary Increase Varies by Entry Age and Service (1) Investment Rate of Return 6.90% (2)
Mortality Derived using CalPERS Membership Data for all Funds (3) Post Retirement Benefit Increase
The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance Floor on Purchasing Power applies 2.30% thereafter. (1) Depending on age, service, and type of employment
(2) Net of pension plan investment and administrative expenses, including inflation (3) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and post-retirement mortality rates includes generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2021 valuation were based on the results of a November 2021 actuarial study for the period 2001 to 2019. Further details of the experience study can be found on the CalPERS website. 76 5.5.a
Packet Pg. 430 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
Discount Rate – The discount rate used to measure the total pension liability for each Plan was

6.90%. The projection of cash flows used to determine the discount rate for each Plan assumed that contributions from all plan members in the Public Employees Retirement 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 assumptions, each Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members for all plans in the PERF. 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 for each Plan.

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

In determining the long-term expected rate of return, CalPERS took into account both shortterm and long-term market return expectations. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 basis points.

The expected real rate of return by asset class are as follows:

Asset Class (1)
New Strategic
Allocation
Real Return
Years 1 - 10 (1,2)
Global Equity - Cap weighted 30.0% 4.54%
Global Equity - Non-Cap weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage-Backed Securities 5.0% 0.50%
Investment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage -5.0% -0.59%
Total 100%
(1) An expected inflation of 2.30% used for this period. (2) Figures are based on the 2021 Asset Liability Management study. 77 5.5.a
Packet Pg. 431 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 11 – PENSION PLANS (Continued)
In January 2018, the City established a Section 115 Pension Trust with Public Agency Retirement Services (PARS). PARS, the trust administrator, partners with U.S. Bank and HighMark Capital Management to provide trustee and investment advisory services, respectively. This trust was established to set aside moneys to meet the City’s future pension contributions or unfunded liabilities. Financial statements of PARS may be obtained from PARS, 4350 Von Karman Avenue, Suite 100, Newport Beach, CA 92660.

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

NOTE 12 - POST-EMPLOYMENT HEALTH CARE BENEFITS – DOUGHERTY REGIONAL

FIRE AUTHORITY
The City provides certain health care benefits for Dougherty Regional Fire Authority retirees as required under contract signed with CalPERS and the dissolution agreement of the DRFA. The cost of retiree health care benefits is recognized as expenditures as premiums are paid. For the year ended June 30, 2023, those costs totaled $72,835. See Note 13 for additional disclosures on the City retiree health care benefits.

NOTE 13 – POST-EMPLOYMENT HEALTHCARE PLAN
Plan Description: The City administers an agent multiple-employer defined benefit healthcare plan (the Plan) which provides medical insurance benefits to eligible retirees and their spouses in accordance with various labor agreements. The City reports the financial activity of the Plan as a trust fund, and no separate financial report is prepared.

Funding Policy and Benefits Provided : The contribution requirements of Plan members and the City are established and may be amended by the City Council. The required contribution is based on projected pay-as-you-go financing requirements, with an additional amount to prefund benefits as determined annually by the City Council. For fiscal year 2022-2023, the City contributed $1,665,501 for current premiums (94% of total premiums). Plan members receiving benefits contributed $113,131 (approximately 6% of total premiums) through their required contribution. The City pays up to the entire cost of health benefits for eligible retirees and their spouses until age 65 subject to the City’s vesting schedule. After age 65, the City pays up to $480.15 per month for any health coverage, also subject to the vesting schedule. The Plan does not issue separate financial statements.

Employees Covered by Benefit Terms: Employees are eligible for retiree health benefits if they retire from the City on or after age 50 with at least 4 years of service and are eligible for a CalPERS pension. Membership of the Plan consisted of the following as of the measurement date June 30, 2022:

Inactive employees, spouses, or beneficiaries currently receiving benefit payments 192 Inactive employees entitled to but not yet receiving benefit payments - Active employees 272
Total 464

78 5.5.a
Packet Pg. 432 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 13 – POST-EMPLOYMENT HEALTHCARE PLAN (Continued)
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 determined by actuarial valuation dated June 30, 2021 that was rolled forward using standard update procedures to determine the total OPEB liability as of June 30, 2022, based on the actuarial methods and assumptions are as follows:

Actuarial Assumptions
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry Age Normal Cost, level percent of pay Actuarial Assumptions:

Discount Rate 5.84%
Inflation 2.30%
Mortality Rate Rates based on the statistics taken from the 2014 CalPERS experience study. The mortality rates
include an assumed improvement in future mortality
based on Scale BB projected to 2028.

Healthcare Trend Rate 7.0%-4.04%
Changes of assumptions: For the measurement year ended June 30, 2022, changes of assumptions included a discount rate change from 7.11% to 5.84% and a payroll growth rate change from 2.45% to 2.80%.

The long-term expected rate of return on OPEB plan investments was determined using a buildingblock method in which expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Long-Term
Target Target Target Expected Real
Asset Class Allocation I Allocation II Allocation III Rate of Return Global Equities 49.0% 34.0% 23.0% 6.80%
U.S. Fixed Income 23.0% 41.0% 51.0% 3.70%
Treasury Inflation-Protected Securities 20.0% 17.0% 14.0% 6.00% Real Estate Investment Trusts 5.0% 5.0% 9.0% 2.80%
Commodities 3.0% 3.0% 3.0% 3.40%
Total 100.0% 100.0% 100.0%
79 5.5.a
Packet Pg. 433 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 13 – POST-EMPLOYMENT HEALTHCARE PLAN (Continued)
Discount Rate: The discount rate used to measure the total OPEB liability was 5.84%. 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 periods of projected benefit payments to determine the total OPEB liability.

Changes in Net OPEB Liability (Asset): The changes in the net OPEB liability (asset) were as follows:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (a) - (b)
Balance at June 30, 2021 $ 34,882,923 $ 39,516,232 $ (4,633,309) Changes Recognized for the Measurement Period:

Service cost 791,800 - 791,800
Interest on the total OPEB liability 2,456,783 - 2,456,783 Changes in benefit terms - - -
Differences between expected and actual experience 14,311 - 14,311 Changes of assumptions 5,279,367 - 5,279,367
Benefit payments (1,665,501) (1,665,501) -
Contributions from the employer - 1,665,501 (1,665,501) Employer — implicit subsidy - 576,125 (576,125)
Net investment income - (4,969,140) 4,969,140
Implicit subsidy credit (576,125) (576,125) -
Administrative expenses - (9,989) 9,989
Other miscellaneous income/(expense) - (22,267) 22,267
Net changes 6,300,635 (5,001,396) 11,302,031
Balance at June 30, 2022 (Measurement Date) $ 41,183,558 $ 34,514,836 $ 6,668,722 Increase (Decrease)
Sensitivity of Net OPEB Liability to Changes in the Discount Rate and Healthcare Cost Trend Rates
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 a discount rate that is 1-percentage-point lower or 1- percentage-point higher than the current discount rate:

Net OPEB Liability
Discount Rate -1% Discount Rate Discount Rate +1%

4.84% 5.84% 6.84%
$ 11,898,686 $ 6,668,722 $ 2,468,481
80 5.5.a
Packet Pg. 434 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 13 – POST-EMPLOYMENT HEALTHCARE 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 or 1-percentage-point higher than the current discount rate:

Net OPEB Liability
Healthcare Cost
1% Decrease Trend Rates 1% Increase
$ 1,650,811 $ 6,668,722 $ 12,824,417
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB:

For the year ended June 30, 2023, the City recognized OPEB expense of $323,378. At June 30, 2023, the City reported deferred outflows and inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Employer contributions made subsequent to the measurement date 2,389,658 $ - $ Differences between actual and expected experience 1,564,305 - Changes of assumptions 4,889,979 (1,762,349)
Net differences between projected and actual earnings on plan investments 3,106,174 -
Total $ 11,950,116 $ (1,762,349)
$2,389,658 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as part of OPEB expense as follows:

Year Annual
Ended June 30 Amortization
2024 $ 1,381,068
2025 1,422,304
2026 1,365,683
2027 2,229,078
2028 709,504
Thereafter 690,472
Total $ 7,798,109
81 5.5.a
Packet Pg. 435 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 14 – RISK MANAGEMENT
(A) Description of Participation in the Municipal Pooling Authority The City is exposed to various risks of loss related to torts; theft or damage to, and destruction of assets; natural disasters; errors and omissions; injury to employees; and unemployment claims. The City is a member of the Municipal Pooling Authority (MPA). MPA is comprised of over 19 California member cities and is organized under a Joint Powers Agreement pursuant to the California Government Code. The purpose of the MPA is to arrange and administer programs of insurance for the pooling of self-insured losses and to purchase excess insurance coverage. Each member city has a representative on the Board of Directors. The accounting methods used by the MPA are further described at Note 1N.

The City pays an annual premium to the MPA for its Liability ($29 million coverage, $5,000 deductible), Fire and Property ($1 billion coverage, $25,000 deductible all-risk and copper claims, $150,000 deductible water intrusions claims, $100,000 minimum deductible flood claims per occurrence, except Zone A & V, which have $250,000 minimum deductible and $25 million limit, others $25,000 deductible), Auto ($250,000 coverage; police $3,000 deductible; all others $2,000 deductible), Workers’ Compensation (Statutory limit, Workers’ compensation liability of $4.5 million, $500,000 insured retention, zero deductible), Cyber Liability ($2 million coverage, $50,000 deductible), Pollution Liability ($2 million per pollution condition, $100,000 deductible), and Boiler & Machinery ($100 million, $5,000 deductible) insurance. The Agreement provides that the MPA will be self-sustaining through member premiums and assessments. The MPA purchases commercial insurance in excess of those amounts covered by the MPA’s self-insurance pool.

There have been no significant reduction in any of the City’s areas of insurance coverage and no settlement amounts have exceeded coverage in the past three years. Audited financial information can be obtained for the MPA at 1911 San Miguel Drive, Walnut Creek, California 94596 and the latest audited annual financial information are available online at https://www.mpa-nc.com/.
(B) Liability for Uninsured Claims
The City provides for the uninsured portion of claims and judgments in the General Fund and Insurance Liability Internal Service Fund. Claims and judgments, including a provision for claims incurred but not reported, are recorded when a loss is deemed probable and the amount of the loss is reasonably determinable. The City’s liability for uninsured claims at June 30, 2023 was estimated by management and based on MPA’s claims experience, and was computed as follows:

Claims
Liability
Beginning claims payable balance 102,128 $
Claims incurred in current year 152,326
Claims paid (44,741)
Ending claims payable balance 209,713 $
Current portion 209,713 $
82 5.5.a
Packet Pg. 436 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (A) Bishop Ranch Agreement
In November 1987, the City entered into an annexation and development agreement with Sunset Development Company (et al.) relative to the development known as Bishop Ranch.

The agreement was subsequently amended eight different times (September 1991, September 1996, April 1998, May 2002, January 2008, December 2008, December 2009, and August 2014). The agreement and amendments outline provisions for the development of the 585-acre business park community known as Bishop Ranch. The development included the installation of numerous public improvements that serve both the project and adjoining areas of the City.

In the Third Amendment dated April 14, 1998, the developer of Bishop Ranch agreed to dedicate 11.19 acres of land to the City when building permits are obtained for the fourth office building of the BR# 3 office project, or by June 30, 2001, whichever shall occur first. This transaction was consummated on June 29, 2001. The use of the property is restricted by the development agreement and limited to the development of public buildings. If the City elected to sell or transfer any or all of its interests in the property at any time before December 31, 2010, the developer had the right to purchase the property from the City for $5,000,000 (with a consumer price index escalation clause) plus the actual out-of-pocket costs incurred by the City in constructing improvements to the property. If the City did not commence construction of a civic center complex on the property by December 31, 2010, the developer had until July 1, 2011 to repurchase the property under the same terms as the pre-December 31, 2010 right to purchase clause.

The Fifth Amendment dated January 25, 2008 was entered into in connection with the approval of the City Center Project and contained a termination clause if certain property transfers between the Bishop Ranch Ownership and the City, for construction of the City Center Project, did not occur prior to January 1, 2010. In the Seventh Amendment dated December 15, 2009, the termination date was extended to January 1, 2015 and Sunset’s right to exercise its option for reacquisition of the dedicated land was extended to July 1, 2015. The Eighth Amendment dated August 13, 2014 was entered into to incorporate the amended City Center approvals into the Project, vest the rights to proceed with development of the City Center Project on portions of the project site covered by the development agreement, and to clarify the transfer of ownership, thus ensuring the terms of the development agreement, and all its amendments, were extended to December 31, 2020. On January 21, 2020, the Ninth Amendment was executed, extending the Development Agreement to December 31, 2025.

The CityWalk Master Plan was approved on September 8, 2020. With the long-term buildout of the CityWalk Master Plan, the City and Bishop Ranch entered into three development agreements, specific to the three development areas BR 1A, BR 3A and BR 2600. The Agreements replaced the prior Agreements with the exception of the City Center Hotel site on BR 3A, which is still covered under the Ninth Amendment and prior City Center approval, and BR 1B, which remains with the current property owner under the prior City Center approval for Medical Office Use. The Agreements are identical for each property, with minor changes to address individual ownership, to allow the individual ownerships to proceed independently without the need to seek approval from other property owners within the CityWalk project or their respective lenders. As negotiated, the Agreements have terms of 25 years, and provide the vested right that the project may proceed independently in accordance with the terms and conditions of the project approvals.
83 5.5.a
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CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (Continued) (B) Bishop Ranch Tax Exchange Agreement with Contra Costa County On June 3, 1986, pursuant to resolutions adopted by the City Council of the City San Ramon and the Board of Supervisors of the County of Contra Costa (County), the City and County entered into the Master Property Tax Exchange Agreement for Allocation of Property Tax (Master Agreement) between the two agencies upon annexations of County Service Area to the City (LAFCO Nos 87-58 and 87-60).

On December 1, 1987, the City and County entered into the first amendment to the Master Agreement to specify provisions which govern the administration of property, sales, and transient occupancy taxes and for the sharing of tax revenues in the 585-acre business park known as the Bishop Ranch.

On July 24, 2007, a second amendment was made to exclude the residential component of the City Center Project from provisions of the Master Agreement for a period of 25 years. The second amendment terminated automatically on November 2, 2010, when construction of the City Center Project was delayed by the economic downturn.

On June 14, 2016, a third amendment was made to continue the operative terms of the second amendment to exclude residential units from the tax sharing formula and facilitate the development of jobs and housing in the revised City Center Project area.

The Master Agreement provides that the property tax revenue allocation to the City for parcels in the Bishop Ranch business park would be reduced by 50% of the total sales and transient occupancy taxes collected in the Bishop Ranch area. The Master Agreement limits the amount of property tax revenues transferred to the County to the amount of property taxes allocable to the City for the Bishop Ranch area. During fiscal year 2023, the amount of property taxes received by the Contra Costa County under the agreement was $1,922,368. (C) Dougherty Valley Development Memorandum of Understanding On October 15, 1997, the City entered into a Memorandum of Understanding with Contra Costa County, Shapell Industries, and Windermere Partners related to the development of Dougherty Valley, an area on the eastern borders of the City. The Memorandum of Understanding is an instrument of compliance with a May 11, 1994 settlement agreement. Under the Memorandum of Understanding, the City annexed land that includes up to approximately 11,000 housing units. Contra Costa County has established a County Service Area assessment district in Dougherty Valley that is intended to pay for a variety of municipal services including police protection, street and park maintenance. The City provides service in the area and under the Agreement is reimbursed for a portion of those services from the County Service Area Assessment. Under the Agreement, the City is required to separately track the costs of services in the Dougherty Valley Area, and submit claims for reimbursements for costs from the County. On December 13, 2005, the City Council approved the formal reimbursement agreement. 84 5.5.a
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CITY OF SAN RAMON, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2023
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (Continued) (D) Property Tax Sharing with San Ramon Valley Fire Protection District On September 28, 2007, the City of San Ramon and San Ramon Valley Fire Protection District (District) entered into a property tax sharing agreement related to development of the City Center Project. The agreement provides a formula for sharing of property tax revenue between the District and the City. During fiscal year 2022-23, the City did not receive payments due to a new interagency agreement authorized on May 26, 2020 for the Joint Public Safety Complex. (E) Use Tax Sharing Agreement with San Ramon Valley Fire Protection District On November 25, 2014, the City and San Ramon Valley Fire Protection District (District) entered into an agreement whereby the City agreed to share with the District, on a 50/50 basis, the additional amount of California state use tax received by the City and attributable to use tax paid directly by the District to the California State Board of Equalization on purchases from out-of-state vendors.
(F) PG&E Energy Efficiency Retrofit Loan Program
On April 7, 2017, the City entered into an Energy Efficiency Retrofit On-Bill financing loan agreement with Pacific Gas & Electric (PG&E) for the cost of energy efficiency/demand response equipment and services to upgrade and repair the current HVAC mechanical system and window inserts and re-lamp the current lighting fixtures to LED. In lieu of actual payments, the zero-interest bearing loan, which totaled $1,051,893, will be repaid through energy savings reflected on the City’s PG&E utility bills. As of June 30, 2023, the outstanding loan amount was $813,353.

NOTE 16 –CONTINGENCIES AND COMMITMENTS
In the normal course of operations, the City has been named as a defendant in various claims and legal actions. In the opinion of management and legal counsel, the ultimate liability for these legal actions and claims will not have a material adverse effect on the City’s basic financial statements.

The City participates in Federal and State grant programs. These programs are subject to examination by the grantors and the amount, if any, of expenditures, which may be disallowed by the granting agencies, cannot be determined at this time. The City expected such amounts, if any, to be immaterial.
85 5.5.a
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Packet Pg. 440 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

REQUIRED SUPPLEMENTARY INFORMATION

5.5.a
Packet Pg. 441 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Total Pension Liability
Service Cost $ 3,065,874 $ 2,878,989 $ 3,098,911 $ 3,476,565 $ 3,525,409 Interest on Total Pension Liability 7,616,515 8,236,308 8,844,191 9,359,296 9,984,181 Changes of Assumptions - (2,125,794) - 8,124,508 (1,264,366) Differences between Expected and Actual Experience - 859,787 269,589 (926,508) 1,712,222 Benefit Payments, including Refunds of
Employee Contributions (3,016,709) (3,407,918) (3,689,418) (4,392,615) (4,744,359) Net change in total pension liability 7,665,680 6,441,372 8,523,273 15,641,246 9,213,087 Total pension liability - beginning 101,528,945 109,194,625 115,635,997 124,159,270 139,800,516 Total pension liability - ending (a) $ 109,194,625 $ 115,635,997 $ 124,159,270 $ 139,800,516 $ 149,013,603 Plan fiduciary net position
Contributions - Employer $ 2,161,339 $ 2,324,159 $ 2,609,080 $ 2,762,063 $ 2,994,787 Contributions - Employee 1,685,116 1,335,799 1,411,367 1,418,316 1,499,052 Net Investment Income 15,156,953 2,250,869 542,297 11,717,164 9,797,196 Benefit Payments, including Refunds of
Employee Contributions (3,016,709) (3,407,918) (3,689,418) (4,392,615) (4,744,359) Net Plan to Plan Resource Movement - 18 - 3,951 (291)
Administrative Expense - (118,214) (63,996) (156,230) (182,581) Other Miscellaneous Income/ (Expense) - - - - (346,724) Net change in Fiduciary Net Position 15,986,699 2,384,713 809,330 11,352,649 9,017,080 Plan fiduciary net position - beginning 102,621,789 86,635,090 105,006,502 105,815,832 117,168,481 Plan fiduciary net position - ending (b) $ 102,621,789 $ 105,006,502 $ 105,815,832 $ 117,168,481 $ 126,185,561 Net pension liability - ending (a)-(b) $ 6,572,836 $ 10,629,495 $ 18,343,438 $ 22,632,035 $ 22,828,042 Plan fiduciary net position as a percentage of the
total pension liability 93.98% 90.81% 85.23% 83.81% 84.68% Covered payroll 15,815,866 $ 16,576,119 $ 17,838,272 $ 18,178,704 $ 18,746,192 $ Net pension liability as percentage of covered payroll 41.56% 64.13% 102.83% 124.50% 121.77% Discount Rate 7.65% 7.65% 7.15% 7.15% 7.15%
Notes to Schedule:
*Fiscal year 2015 was the 1st year of implementation.

Changes in assumptions: In 2017, the accounting discount rate reduced from 7.65% to 7.15%.

In 2016, 2018, 2019, 2020 and 2021, there were no changes. In 2022, the accounting discount rate reduced from 7.15% to 6.90%. In 2015, amounts reported reflect an adjustment of the discount rate from 7.50% (net of administrative expense) to 7.65% (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.50% discount rate.

Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the 6/30/16 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

MISCELLANEOUS PLAN
An Agent Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS 88 5.5.a
Packet Pg. 442 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2020 6/30/2021 6/30/2022 6/30/2023
6/30/2019 6/30/2020 6/30/2021 6/30/2022
$ 3,755,429 $ 3,722,031 $ 3,749,626 $ 4,237,685
10,758,879 11,595,929 12,228,073 12,899,711
- - 6,694,817 -
2,415,967 3,309,316 628,393 779,968
(5,666,944) (6,532,902) (7,705,037) (7,827,302)
11,263,331 12,094,374 8,901,055 16,784,879
149,013,603 160,276,934 172,371,308 181,272,363
$ 160,276,934 $ 172,371,308 $ 181,272,363 $ 198,057,242 $ 3,438,169 $ 3,979,613 $ 4,642,099 $ 24,058,195
1,528,829 1,545,644 1,568,718 1,603,059
8,271,435 6,651,048 31,174,067 (13,629,302)
(5,666,944) (6,532,902) (7,705,037) (7,827,302)
- - - -
(90,049) (188,438) (138,975) (105,067)
291 - - -
7,481,731 5,454,965 29,540,872 4,099,583
126,185,561 133,667,292 139,122,257 168,663,129
$ 133,667,292 $ 139,122,257 $ 168,663,129 $ 172,762,712 $ 26,609,642 $ 33,249,051 $ 12,609,234 $ 25,294,530

83.40% 80.71% 93.04% 87.23%
$ 20,066,378 $ 22,294,661 $ 20,298,340 $ 20,763,505
132.61% 149.13% 62.12% 121.82%

7.15% 7.15% 7.15% 6.90%
89 5.5.a
Packet Pg. 443 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year Ended June 30 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Actuarially determined contribution $ 2,601,374 2,230,199 $ 2,755,597 $ 1,970,001 $ 3,436,541 $ Contributions in relation to the
actuarially determined contributions (2,601,374) (2,230,199) (2,755,597) (1,970,001) (3,436,541) Contribution deficiency (excess) $ - $ - $ - $ - $ -
Covered payroll $ 16,576,119 $ 17,838,272 $ 18,178,704 $ 18,746,192 $ 20,066,378 Contributions as a percentage of covered
payroll 13.45% 14.58% 15.16% 10.51% 17.13%
Notes to Schedule
Valuation date: 6/30/2012 6/30/2013 6/30/2014 6/30/2015 6/30/2016 *Fiscal year 2015 was the 1st year of implementation.

MISCELLANEOUS PLAN
An Agent Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF CONTRIBUTIONS
90 5.5.a
Packet Pg. 444 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2020 6/30/2021 6/30/2022 6/30/2023
$ 3,979,422 $ 4,640,627 $ 24,058,195 $ 3,572,218
(3,979,422) (4,640,627) (24,058,195) (3,572,218)
$ - $ - $ - $ -
$ 22,294,661 $ 20,298,340 $ 20,763,505 $ 23,065,992

17.85% 22.86% 115.87% 15.49%
6/30/2017 6/30/2018 6/30/2019 6/30/2020
91 5.5.a
Packet Pg. 445 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Safety - Total
Plan's proportion of the Net Pension Liability 0.05854% 0.93720% 0.97490% 0.10633% 0.10888% Plan's proportion share of the Net Pension Liability $ 3,642,576 $ 3,861,735 $ 5,049,024 $ 6,353,412 $ 6,388,323 Plan's Covered Payroll $ 7,069,736 $ 7,654,536 $ 8,472,705 $ 8,940,160 $ 9,293,702 Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 51.52% 50.45% 59.59% 71.07% 68.74% Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 78.82% 78.40% 74.06% 73.31% 75.26%
Discount Rate 7.65% 7.65% 7.15% 7.15% 7.15%
*Fiscal year 2015 was the 1st year of implementation.

SAFETY PLAN
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF THE PLAN'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY

AND RELATED RATIOS

AS OF THE MEASUREMENT DATE
92 5.5.a
Packet Pg. 446 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2020 6/30/2021 6/30/2022 6/30/2023
6/30/2019 6/30/2020 6/30/2021 6/30/2022

0.11920% 0.13446% 0.03728% 0.11867%
$ 7,441,007 $ 8,958,459 $ 1,308,301 $ 8,154,476
$ 10,002,895 $ 9,896,996 $ 9,923,524 $ 10,791,517

74.39% 90.52% 13.18% 75.56%

73.37% 73.10% 86.61% 75.53%

7.15% 7.15% 7.15% 6.90%
93 5.5.a
Packet Pg. 447 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year Ended June 30 2015 2016 2017 2018 2019
Safety
Actuarially determined contribution $ 1,750,732 2,070,229 $ 1,870,592 $ 2,035,346 $ 2,319,120 $ Contributions in relation to the actuarially determined contributions (2,070,229) (1,750,732) (1,870,592) (2,035,346) (2,319,120) Contribution deficiency (excess) $ - $ - $ - $ - $ -
Covered payroll $ 7,654,536 $ 8,472,705 $ 8,940,160 $ 9,293,702 $ 10,002,895 Contributions as a percentage of covered payroll 27.05% 20.66% 20.92% 21.90% 23.18% *Fiscal year 2015 was the 1st year of implementation.

SAFETY PLAN
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF CONTRIBUTIONS
94 5.5.a
Packet Pg. 448 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
2020 2021 2022 2023
$ 2,450,995 $ 2,690,755 $ 7,291,698 $ 2,453,168
(2,450,995) (2,690,755) (7,291,698) (2,453,168)
$ - $ - $ - $ -
$ 9,896,996 $ 9,923,524 $ 10,791,517 $ 10,874,596

24.77% 27.11% 67.57% 22.56%
95 5.5.a
Packet Pg. 449 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 6/30/2016 6/30/2017 6/30/2018 6/30/2019
Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Safety - Total
Plan's proportion of the Net Pension Liability (Asset) 0.00328% 0.00321% 0.00138% 0.00141% Plan's proportion share of the Net Pension Liability (Asset) $ 111,562 90,064 $ 54,228 $ 53,225 $ Plan's Covered Payroll $ - $ - $ - $ -
Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 78.40% 74.06% 73.31% 75.26%
Discount Rate 7.65% 7.15% 7.15% 7.15%
*Fiscal year 2015 was the 1st year of implementation.

Dougherty Regional Fire Authority - Miscellaneous Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF THE PLAN'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY

AND RELATED RATIOS

AS OF THE MEASUREMENT DATE
96 5.5.a
Packet Pg. 450 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2020 6/30/2021 6/30/2022 6/30/2023
6/30/2019 6/30/2020 6/30/2021 6/30/2022

0.00139% 0.00137% 0.00183% 0.00309%
$ 57,567 55,550 $ 34,796 $ 144,361 $
$ - $ - $ - $ -

73.37% 75.10% 94.49% 78.19%

7.15% 7.15% 7.15% 6.90%
97 5.5.a
Packet Pg. 451 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year Ended June 30 2015 2016 2017 2018 2019
Miscellaneous
Actuarially determined contribution $ - $ 1,917 $ 4,021 $ 4,021 $ 5,093 Contributions in relation to the actuarially determined contributions - (1,917) (4,021) (4,021) (5,093)
Contribution deficiency (excess) $ - $ - $ - $ - $ -
*Fiscal year 2015 was the 1st year of implementation.

Dougherty Regional Fire Authority - Miscellaneous Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF CONTRIBUTIONS
98 5.5.a
Packet Pg. 452 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
2020 2021 2022 2023
$ 5,338 $ 7,091 $ 5,960 $ 15,272
(5,338) (7,091) (5,960) (15,272)
$-$-$-$-
99 5.5.a
Packet Pg. 453 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Safety - Total
Plan's proportion of the Net Pension Liability (Asset) 0.04919% 0.06207% 0.06921% 0.07039% 0.07383% Plan's proportion share of the Net Pension Liability (Asset) $ 2,557,717 1,845,018 $ 3,584,354 $ 4,205,831 $ 4,331,776 $ Plan's Covered Payroll $ - $ - $ - $ - $ -
Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 78.82% 78.40% 74.06% 73.31% 75.26%
Discount Rate 7.65% 7.65% 7.15% 7.15% 7.15%
*Fiscal year 2015 was the 1st year of implementation.

Dougherty Regional Fire Authority - Safety Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF THE PLAN'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY

AND RELATED RATIOS

AS OF THE MEASUREMENT DATE
100

5.5.a
Packet Pg. 454 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2020 6/30/2021 6/30/2022 6/30/2023
6/30/2019 6/30/2020 6/30/2021 6/30/2022

0.07562% 0.07469% 0.08347% 0.17793%
$ 4,976,352 4,720,832 $ 2,929,477 $ 12,226,600 $
$ - $ - $ - $ -

73.37% 73.10% 86.61% 75.53%

7.15% 7.15% 7.15% 6.90%
101

5.5.a
Packet Pg. 455 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year Ended June 30 2015 2016 2017 2018 2019
Safety
Actuarially determined contribution $ 1,525 $ 47,093 $ 85,493 $ 139,401 $ 383,069 Contributions in relation to the actuarially determined contributions (1,525) (47,093) (85,493) (139,401) (383,069) Contribution deficiency (excess) $ - $ - $ - $ - $ -
*Fiscal year 2015 was the 1st year of implementation.

Dougherty Regional Fire Authority - Safety Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years*

SCHEDULE OF CONTRIBUTIONS
102

5.5.a
Packet Pg. 456 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
2020 2021 2022 2023
$ 462,099 $ 613,092 $ 504,726 $ 1,291,368
(462,099) (613,092) (504,726) (1,291,368)
$ - $ - $ - $ -
103

5.5.a
Packet Pg. 457 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 6/30/2018 6/30/2019 6/30/2020
Measurement Date 6/30/2017 6/30/2018 6/30/2019
Total OPEB Liability
Service Cost $ 1,184,356 $ 1,261,339 $ 1,430,642
Interest 1,731,659 1,855,327 1,983,605
Changes in benefit terms - - -
Differences between expected and actual experience - - 185,869 Changes of assumptions - - 751,478
Benefit payments (1,051,859) (1,112,432) (1,512,507)
Implicit Subsidy Credit - - -
Net change in total OPEB liability 1,864,156 2,004,234 2,839,087 Total OPEB liability - beginning 25,974,214 27,838,370 29,842,604 Total OPEB liability - ending (a) $ 29,842,604 27,838,370 $ 32,681,691 $ Plan fiduciary net position
Contributions - employer $ 232,648 2,533,034 $ 1,206,837 $ Employer — Implicit Subsidy - - -
Net investment income 1,851,190 1,734,983 2,047,647
Administrative expense (12,850) (14,425) (14,388)
Implicit Subsidy Credit - - -
Income/(Expense) - - -
Benefit payments (1,051,859) (1,112,432) (1,512,507)
Net change in plan fiduciary net position 3,319,515 840,774 1,727,589 Plan fiduciary net position - beginning 24,926,077 28,245,592 29,086,366 Plan fiduciary net position - ending (b) $ 29,086,366 28,245,592 $ 30,813,955 $ Net OPEB liability (asset) - ending (a)-(b) $ (407,222) $ 450,568 $ 1,867,736 Plan fiduciary net position as a percentage of the total OPEB liability 101.46% 97.47% 94.29% Covered-employee payroll $ 29,187,767 $ 30,618,811 $ 33,203,415 Net OPEB liability (asset) as a percentage of covered-employee payroll (1.33%) 1.47% 5.63% * Fiscal year 2018 was the first year of implementation.

SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS Retiree Medical Benefits (OPEB) Plan
Last 10 fiscal years*
104

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Packet Pg. 458 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
6/30/2021 6/30/2022 6/30/2023
6/30/2020 6/30/2021 6/30/2022
$ 1,006,540 979,601 $ 791,800 $
2,133,805 2,217,350 2,456,783
- - -
- 2,049,882 14,311
- (2,475,853) 5,279,367
(1,206,708) (1,508,627) (1,665,501)
(460,335) (534,423) (576,125)
1,446,363 754,869 6,300,635
32,681,691 34,128,054 34,882,923
$ 34,128,054 $ 34,882,923 $ 41,183,558
$ 1,206,708 $ 1,808,627 $ 1,665,501
460,335 534,423 576,125
1,685,464 6,444,525 (4,969,140)
(15,625) (17,757) (9,989)
(460,335) (534,423) (576,125)
- - (22,267)
(1,206,708) (1,508,627) (1,665,501)
1,669,839 6,726,768 (5,001,396)
31,119,625 32,789,464 39,516,232
$ 32,789,464 $ 39,516,232 $ 34,514,836
$ 1,338,590 $ (4,633,309) $ 6,668,722

96.08% 113.28% 83.81%
$ 32,969,072 $ 31,416,882 $ 26,500,255

4.06% (14.75%) 25.16%
105

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Packet Pg. 459 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
Fiscal Year 2018 2019 2020
Actuarially determined contribution $ 1,184,356 $ 1,343,326 $ 1,612,619 Less: Contributions Made in
Relation to the ADC 2,533,034 538,318 1,206,837
Contribution deficiency (excess) $ (1,348,678) $ 805,008 $ 405,782 Covered-employee payroll $ 29,187,767 $ 30,618,811 $ 33,203,415 Contributions as a percentage of
covered-employee payroll 8.68% 1.76% 3.63%
* Fiscal year 2018 was the first year of implementation.

SCHEDULE OF CONTRIBUTIONS
Retiree Medical Benefits (OPEB) Plan
Last 10 fiscal years*
106

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Packet Pg. 460 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2023
2021 2022 2023
$ 1,400,270 $ 1,377,887 $ 2,241,626
1,667,043 2,339,603 2,389,658
$ (266,773) $ (961,716) $ (148,032)
$ 32,969,072 $ 31,416,882 $ 26,500,255

5.06% 7.45% 9.02%
107

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Packet Pg. 461 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual (Negative)

REVENUES
Taxes $ 44,784,254 $ 44,784,254 $ 47,450,017 $ 2,665,763 Licenses and permits 2,748,250 2,748,250 563,780 3,312,030 Intergovernmental 498,484 498,484 673,737 175,253
Charges for services 6,251,004 6,251,004 5,950,166 (300,838) Fines and forfeitures 289,000 289,000 172,002 (116,998) Investment income 105,000 105,000 380,525 275,525
Miscellaneous 3,176,466 3,176,466 2,819,040 (357,426)
TOTAL REVENUES 57,852,458 57,852,458 60,757,517 2,905,059

EXPENDITURES
Current:

General Government 8,886,907 9,006,907 8,540,478 466,429 Community development 4,578,615 5,378,615 5,036,354 342,261 Police services 14,931,809 14,962,042 14,354,813 607,229 Public works 16,167,231 16,349,676 15,724,302 625,374
Parks and community services 8,460,650 8,460,650 8,108,295 352,355 TOTAL EXPENDITURES 53,025,212 54,157,890 51,764,242 2,393,648 Excess (deficiency) of revenue
over (under) expenditures 4,827,246 3,694,568 8,993,275 5,298,707

OTHER FINANCING SOURCES (USES)
Transfers in 4,781,633 4,781,633 4,576,958 (204,675)
Transfers (out) (9,623,337) (11,054,172) (11,109,611) (55,439) Total Other Financing Sources (Uses) (4,841,704) (6,272,539) (6,532,653) (260,114) NET CHANGE IN FUND BALANCE $ (2,577,971) (14,458) $ 2,460,622 $ 5,038,593 Fund balance at beginning of year 23,838,680
Fund balance at end of year $ 26,299,302

CITY OF SAN RAMON
108

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Packet Pg. 462 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

DOUGHERTY VALLEY FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual (Negative)

REVENUES
Intergovernmental $ 20,333,630 $ 20,333,630 $ 20,215,156 $ (118,474) Charges for services 650 650 1,012 362
Miscellaneous - - 98,651 98,651
TOTAL REVENUES 20,334,280 20,334,280 20,314,819 (19,461)

EXPENDITURES
Current:

Police services 8,770,328 8,788,084 8,305,467 482,617
Public works 13,372,815 13,409,666 12,413,391 996,275
Capital outlay - - 1,447 (1,447)
TOTAL EXPENDITURES 22,143,143 22,197,750 20,720,305 1,477,445 Excess (deficiency) of revenue
over (under) expenditures (1,808,863) (1,863,470) (405,486) 1,457,984

OTHER FINANCING SOURCES (USES)
Transfers in 2,295,848 2,295,848 2,351,287 55,439
Transfers (out) (486,985) (486,985) (486,985) -
Total Other Financing Sources (Uses) 1,808,863 1,808,863 1,864,302 55,439 NET CHANGE IN FUND BALANCE $ - $ (54,607) 1,458,816 $ 1,513,423 Fund balance at beginning of year (1,441,737)
Fund balance at end of year 17,079 $
109

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Packet Pg. 463 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

GHAD - DOUGHERTY VALLEY FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Original Final Actual (Negative)

REVENUES
Special assessments $ 2,170,227 $ 2,170,227 $ 2,170,031 $ (196) Investment income 135,274 135,274 136,874 1,600
Licenses and permits 1,500 1,500 6,400 4,900
Miscellaneous 36,988 36,988 40,590 3,602
TOTAL REVENUES 2,343,989 2,343,989 2,353,895 9,906

EXPENDITURES
Current:

Public works 1,020,655 1,020,655 616,104 404,551
TOTAL EXPENDITURES 1,020,655 1,020,655 616,104 404,551
Excess (deficiency) of revenue
over (under) expenditures 1,323,334 1,323,334 1,737,791 414,457

OTHER FINANCING SOURCES (USES)
Transfers (out) (87,714) (87,714) (87,714) -
Total Other Financing Sources (Uses) (87,714) (87,714) (87,714) - NET CHANGE IN FUND BALANCE $ 1,235,620 $ 1,235,620 1,650,077 $ 414,457 Fund balance at beginning of year 11,865,246
Fund balance at end of year $ 13,515,323
Budgeted Amounts

CITY OF SAN RAMON
110

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Packet Pg. 464 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
June 30, 2023
Budgets and Budgetary Accounting
The City Council adopts an Annual Budget, in accordance with generally accepted accounting principles, no later than the second meeting of June of each year for the fiscal year commencing the following July 1. The City follows these procedures in establishing the budgetary data reflected in the financial statements:
1) During May of each year, the City Manager submits to the City Council a proposed budget for the next following fiscal year. Copies are made available to the public, the press, and staff members.
2) A series of Council work sessions are held at which the recommended budget is reviewed in detail and the departments (as requested) provide additional information. 3) After review by the City Council, a public hearing is conducted for the purpose of receiving public input on the recommended operating and capital budgets, the Master Fee Schedule, and the Gann Appropriation Limit.
4) Upon completion of the hearings and modifications, if any, to the proposed budget, the budget is adopted no later than June 30th by the City Council through passage of appropriate resolutions.
5) Generally, the budget is amended in the middle of the year and at the end of the year. All approved additional appropriations are added to the adopted budget and an amended budget is presented to the City Council, which adopts it after due review. Expenditures may not exceed budgeted appropriates at the fund level. The Budget is adopted on a basis consistent with generally accepted accounting principles.
111

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5.5.a
Packet Pg. 466 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SUPPLEMENTARY INFORMATION

5.5.a
Packet Pg. 467 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON
COPS #13 FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Investment income $ - $ 40,894 $ 40,894
TOTAL REVENUES - 40,894 40,894

EXPENDITURES
Debt service:

Principal 760,000 760,000 -
Interest and fees 846,450 843,107 3,343
TOTAL EXPENDITURES 1,606,450 1,603,107 3,343
Excess (deficiency) of revenue
over (under) expenditures (1,606,450) (1,562,213) 44,237

OTHER FINANCING SOURCES (USES)
Transfers in 1,606,450 2,132,450 526,000
Transfers (out) (976,000) (976,000) -
Total Other Financing Sources (Uses) 1,156,450 630,450 526,000 NET CHANGE IN FUND BALANCE $ (976,000) (405,763) $ 570,237 Fund balance at beginning of year 957,466
Fund balance at end of year $ 551,703
114

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Packet Pg. 468 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Miscellaneous $ 1,888,460 $ 1,888,460 $ -
Total revenues 1,888,460 1,888,460 -

EXPENDITURES
Debt service:

Principal 1,420,000 1,420,000 -
Interest and fees 468,460 467,217 1,243
Total expenditures 1,888,460 1,887,217 1,243
Excess (deficiency) of revenue
over (under) expenditures - 1,243 1,243

OTHER FINANCING SOURCES (USES)
Transfers in 1,888,460 1,888,460 -
Transfers (out) (1,888,460) (1,831,276) 57,184
Total Other Financing Sources (Uses) 57,184 - 57,184
NET CHANGE IN FUND BALANCE $ 58,427 - $ 58,427
Fund balance at beginning of year 7,711
Fund balance at end of year $ 66,138
2021 PENSION OBLIGATION BONDS FUND
115

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Packet Pg. 469 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

CAPITAL IMPROVEMENTS FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental 3,404,313 $ 3,195,204 $ (209,109) $
Investment income 300,000 230,275 (69,725)
Miscellaneous 1,000,000 266,821 (733,179)
TOTAL REVENUES 4,704,313 3,692,300 (1,012,013)

EXPENDITURES
Current:

General Government 219,798 194,056 25,742
Capital outlay 20,768,530 16,313,807 (4,454,723)
TOTAL EXPENDITURES 16,533,605 20,962,586 (4,428,981)
Excess (deficiency) of revenue
over (under) expenditures (11,829,292) (17,270,286) (5,440,994)

OTHER FINANCING SOURCES (USES)
Transfers in 16,600,530 17,890,530 1,290,000
Transfers (out) (364,000) (6,091,290) (5,727,290)
Total Other Financing Sources (Uses) 11,799,240 16,236,530 (4,437,290) NET CHANGE IN FUND BALANCE $ 4,407,238 (5,471,046) $ (9,878,284) Fund balance at beginning of year 33,931,696
Fund balance at end of year $ 28,460,650
116

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Packet Pg. 470 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

DESCRIPTIONS OF NONMAJOR GOVERNMENTAL FUNDS
June 30, 2023
Special Revenue Funds
The City has several special revenue funds that are used to account for revenue which, by law or administrative action, is designed to finance particular projects and activities in the City’s Capital Improvement Program. These funds are the Development Mitigation Fund, Gas Tax Fund, Park Development Fund, Crow Canyon Project Fund, SCCJEPA Fund, Street Maintenance/Improvements Fund, Traffic Improvements Fund, Open Space Development Fund and Tri-Valley Transportation Fund.

The City also has several special revenue funds which are funded by special assessments collected annually to pay for specific operating programs. These funds are Citywide Lighting and Landscaping Fund, Special Landscaping Zones Fund, Canyon Park Fund, Village Center Common Area Fund, The Preserve (Faria) Fund, Solid Waste Fund, Vehicle Refuse Impacts Fees Fund and Non-Point Drainage District Fund.

In addition, the City has set up separate special revenue funds for recording transactions for special projects and programs. These are the Street Smarts Fund, TDM Programs Fund, TRAFFIX Fund, Police Services Donation Fund, Geographic Information Systems Fund, Planning Cost Recovery Fund, DV Performing Arts Theatre Fund, and Public Education and Government Fund.

The CFD 2014-1 Fund is used to account for the acquisition, construction, and improvements of police and public safety facilities, park and recreational facilities, and open space facilities for future annexation areas.

The DV Performing Arts Theatre Fund did not have an adopted budget.

The Abandoned Vehicle Abatement (AVA) Fund is used to account for the collection of revenue and expenditures incurred to manage the City’s AVA program.

Debt Service Funds
The Debt Service Funds are used to account for the payment of principal and interest on long-term debt of the City and related entities.

The 2010 Pension Obligation Bonds Debt Service Fund is used to account for debt service activity related to the 2010 Taxable Pension Obligation Bonds.

The LED Lights Fund is used to account for debt service activity relating to the LED Lights conversion (CIP 5499).

The COPS #12 Fund is used to account for debt service activity relating to the 2011 Certificates of Participation.
117

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Packet Pg. 471 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2023
Geographic CFD CFD
Planning Information 2014-1 2014-1
Cost Recovery System (Acres) (Faria) Gas Tax
ASSETS
Cash and investments $ 577,827 $ 301,576 $ - $ 1,160,866 - $ Restricted cash and investments - - - - -
Receivables
Accounts - - - 554,432 -
Notes and loans - - - - -
Interest 2,267 1,221 299 1,386 29,454
Total Assets $ 580,094 $ 302,797 $ 299 $ 1,386 $ 1,744,752

LIABILITIES
Accounts payable $ - $ - $ - $ - $ -
Accrued payroll 5,540 - - - -
Due to other funds - - 299 1,386 -
Deposits payable - - - - -
Total Liabilities 5,540 - 299 1,386 -

FUND BALANCE
Restricted - - - 1,744,752 -
Committed 302,797 574,554 - - -
Total Fund Balance 574,554 302,797 - - 1,744,752
$ 580,094 $ 302,797 $ 299 $ 1,386 $ 1,744,752

SPECIAL REVENUE FUNDS

TOTAL LIABILITIES AND FUND BALANCE
118

5.5.a
Packet Pg. 472 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Crow Street Public Citywide
Park Canyon Maintenance/ Traffic Tri-Valley Education and Lighting and Development Project SCCJEPA Improvements Improvements Transportation Government Landscaping $ - 874,975 $ $ 6,433,191 $ 4,218 $ 523,639 $ 180,758 $ 829,948 $ 1,452,671 - - - - - - - -
- - 7,524 492 - - 43,514 108,768
- - - 4,925 - - - -
6,151 - 26,530 2,200 2,423 740 4,780 9,856
$ 881,126 $ - $ 6,467,245 $ 11,835 $ 526,062 $ 181,498 $ 878,242 $ 1,571,295 $ - $ - $ - $ - $ - $ - $ - $ 167,778
- - - - - - - 18,757
- - - - - - - -
24,421 - - - - - - -
24,421 - - - - - - 186,535
856,705 - 6,467,245 11,835 526,062 181,498 878,242 1,384,760 - - - - - - - -
856,705 - 6,467,245 11,835 526,062 181,498 878,242 1,384,760 $ 881,126 $ - $ 6,467,245 $ 11,835 $ 526,062 $ 181,498 $ 878,242 $ 1,571,295 (Continued)

SPECIAL REVENUE FUNDS
119

5.5.a
Packet Pg. 473 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Special Non-Point
Landscaping Canyon Village Center Solid Drainage
Zones Park Common Area Waste District
ASSETS
Cash and investments 1,930,205 $ 212,028$ $ 86,655 $ 722,815 $ 27,601 Restricted cash and investments - - - - -
Receivables
Accounts - - 5,562 106,107 371,629
Notes and loans - - - - -
Interest 8,318 880 290 3,186 234
Total Assets $ 1,938,523 $ 212,908 $ 92,507 $ 832,108 $ 399,464

LIABILITIES
Accounts payable $ 104,049 $ - $ 383 $ 39,818 $ 227,431 Accrued payroll 12,162 165 - 9,673 15,654
Due to other funds - - - - -
Deposits payable - - - - -
Total Liabilities 116,211 165 383 49,491 243,085

FUND BALANCE
Restricted 212,743 1,822,312 92,124 782,617 156,379
Committed - - - - -
Total Fund Balance 1,822,312 212,743 92,124 782,617 156,379 TOTAL LIABILITIES AND FUND BALANCE 1,938,523 $ 212,908$ $ 92,507 $ 832,108 $ 399,464

SPECIAL REVENUE FUNDS

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2023
120

5.5.a
Packet Pg. 474 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Police Vehicle Open Space
Street TDM Services Refuse Development Development Preserve TRAFFIX Smarts Programs Donation Impact Fees Fund Mitigation Faria Program $ - 486,379 $ 123,803 $ $ 1,788,949 $ 183,595 $ 2,447,456 $ 320,587 $ 152,567 - - - - - - - -
69,208 164,051 145,833 - - - - -
- - - - - - - -
1,893 136,507 507 10,121 735 9,967 1,334 556
$ 557,480 $ 300,558 $ 124,310 $ 1,944,903 $ 184,330 $ 2,457,423 $ 321,921 $ 153,123 $ 3,343 $ 3,869 $ - $ - $ - $ - $ 225 $ -
6,406 6,141 - - - - 1,244 6,047
267,506 - - - - - - -
- - 54,321 - - - - -
9,749 277,516 54,321 - - - 1,469 6,047
547,731 23,042 69,989 1,944,903 184,330 2,457,423 320,452 147,076 - - - - - - - -
547,731 23,042 69,989 1,944,903 184,330 2,457,423 320,452 147,076 $ 557,480 $ 300,558 $ 124,310 $ 1,944,903 $ 184,330 $ 2,457,423 $ 321,921 $ 153,123 (Continued)

SPECIAL REVENUE FUNDS
121

5.5.a
Packet Pg. 475 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Abandoned
GHAD San Ramon DV Performing Vehicle
NWSR Housing Arts Theatre Abatement
ASSETS
Cash and investments $ 1,481,828 $ 1,989,478 $ 21,460 $ 28,625 Restricted cash and investments - - - -
Receivables
Accounts - - - -
Notes and loans - 5,505,000 - -
Interest 5,983 7,546 - 23,987
Total Assets $ 1,487,811 $ 7,502,024 $ 21,460 $ 52,612

LIABILITIES
Accounts payable $ - $ - $ - $ -
Accrued payroll 5,409 - - -
Due to other funds - - - -
Deposits payable 195,000 - - -
Total Liabilities - 200,409 - -

FUND BALANCE
Restricted 7,301,615 1,487,811 21,460 52,612
Committed - - - -
Total Fund Balance 1,487,811 7,301,615 21,460 52,612
TOTAL LIABILITIES AND FUND BALANCE $ 1,487,811 $ 7,502,024 $ 21,460 $ 52,612

SPECIAL REVENUE FUNDS

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEETS
JUNE 30, 2023
122

5.5.a
Packet Pg. 476 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) 2010 Total
Pension
Nonmajor
Obligation LED Governmental
Bonds Li
ghts COPS #12 Funds
$ 5,293 1,599,344 $ 2,025 $ 25,950,362 $
- 317,892- 317,892
- - - 1,577,120
- - - 5,509,925
731 - - 300,082
$ 1,917,967$ 5,293$ 33,655,381 2,025 $
$ - $ - $ 546,896 - $
- - - 87,198
- - - 269,191
- - - 273,742
- - 1,177,027 -
1,917,967 5,293 31,601,003 2,025 - - - 877,351
1,917,967 5,293 32,478,354 2,025
$ 1,917,967 $ 5,293 $ 33,655,381 2,025 $

DEBT SERVICE FUNDS
123

5.5.a
Packet Pg. 477 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Geographic CFD CFD
Planning Information 2014-1 2014-1
Cost Recovery System (Acres) (Faria) Gas Tax

REVENUES
Intergovernmental $ 310,000 $ - $ - $ 4,004,771 - $
Developer fees - 179,300 - - 335,855
Charges for services 367,379 - - - -
Fines and forfeitures - - - - -
Investment income 4,064 1,905 (38,413) 359 40,917
Special assessments - - 80,350 366,038 -
Miscellaneous - - - - -
Total Revenues 681,443 181,205 41,937 366,397 4,381,543

EXPENDITURES
Current:

General government - - - - -
Community development 163,002 89,405 - - -
Housing - - - - -
Police services - - - - -
Public works - - - - -
Capital outlay - - - - -
Debt service:

Principal - - - - -
Interest and fees - - - - -
Total Expenditures 163,002 89,405 - - -

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 518,441 91,800 41,937 366,397 4,381,543

OTHER FINANCING SOURCES (USES)
Transfers in 1,309 - - - 4,475,504
Transfers (out) - - (42,133) (367,309) (9,154,022)
Total Other Financing Sources (Uses) 1,309 - (42,133) (367,309) (4,678,518) Net change in fund balances 519,750 91,800 (196) (912) (296,975) Fund balances at the beginning of the period 54,804 210,997 196 912 2,041,727 Fund balances at the end of period $ 574,554 $ 302,797 $ - $ 1,744,752 - $

SPECIAL REVENUE FUNDS

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
124

5.5.a
Packet Pg. 478 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Crow Street Public Citywide
Park Canyon Maintenance/ Traffic Tri-Valley Education and Lighting and Development Project SCCJEPA Improvements Improvements Transportation Government Landscaping $ - $ - $ 64,855 - $ $ - $ 181,907 - $ $ -
1,253,021 - 1,511,704 95,693 435,908 12,105 - -
- - - - - - - -
- - - - - - - -
4,834 (14) 49,626 3,207 3,949 165 9,885 11,626
- - - - - - - 2,369,359
- - - (613) - - - 44,516
1,257,855 (14) 1,561,330 163,142 439,857 12,270 191,792 2,425,501 - - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - 1,771,493
- - - - - - 113,094 -
- - - - - - - -
- - - - - - - -
- - - - - - 113,094 1,771,493
1,257,855 (14) 1,561,330 163,142 439,857 12,270 78,698 654,008 - - - - - - 912 -
(723,280) - (43,960) (670,939) (67,990) (490,000) (525,000) (1,001,903) (723,280) - (43,960) (670,939) (67,990) (490,000) (524,088) (1,001,903) 534,575 (14) 1,517,370 (507,797) 371,867 (477,730) (445,390) (347,895) 322,130 14 4,949,875 519,632 154,195 659,228 1,323,632 1,732,655 $ 856,705 $ 6,467,245 - $ $ 11,835 $ 526,062 $ 181,498 $ 878,242 $ 1,384,760 (Continued)

SPECIAL REVENUE FUNDS
125

5.5.a
Packet Pg. 479 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Special Non-Point
Landscaping Canyon Village Center Solid Drainage
Zones Park Common Area Waste District

REVENUES
Intergovernmental $ - $ - $ 21,163 - $ $ -
Developer fees - - - - -
Charges for services - - - - 70
Fines and forfeitures - - - - -
Investment income 11,943 1,559 598 5,833 1,224
Special assessments 1,109,831 20,000 - - 915,859
Miscellaneous (2,698) - 6,006 1,332,758 (1,428)
1,119,076 21,559 6,604 1,359,754 915,725

EXPENDITURES
Current:

General government - - - - -
Community development - - - - -
Housing - - - - -
Police services - - - - -
Public works 983,628 28,724 4,670 1,261,420 896,622
Capital outlay - - - - -
Debt service:

Principal - - - - -
Interest and fees - - - - -
Total Expenditures 983,628 28,724 4,670 1,261,420 896,622

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 135,448 (7,165) 1,934 98,334 19,103

OTHER FINANCING SOURCES (USES)
Transfers in 437,848 - 15,884 - -
Transfers (out) (520,269) (2,517) - - -
Total Other Financing Sources (Uses) (82,421) (2,517) 15,884 - - Net change in fund balances 53,027 (9,682) 17,818 98,334 19,103 Fund balances at the beginning of the period 1,769,285 222,425 74,306 684,283 137,276 Fund balances at the end of period $ 1,822,312 $ 212,743 $ 92,124 $ 782,617 $ 156,379

SPECIAL REVENUE FUNDS

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
126

5.5.a
Packet Pg. 480 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Police Vehicle Open Space
Street TDM Services Refuse Development Development Preserve TRAFFIX Smarts Programs Donation Impact Fees Fund Mitigation Faria Program $ 198,106 $ 484,274 $ - $ - $ - $ - $ 178,045 - $
- - - - 114,544 1,072,998 - -
- - - 1,749,996 - - - -
- - - - - - - -
3,689 222 1,314 10,036 1,120 16,027 2,281 1,138
- - - - - - 94,169 -
15,750 - 755 - - - - -
217,545 484,496 2,069 1,760,032 115,664 1,089,025 96,450 179,183 183,186 - - - - - - -
- - - - - - - -
- - - - - - - -
- - 122,474 - - - - -
3,008 461,454 - - - - 42,166 -
- - 95,982 - - - - 158,807
- - - - - - - -
- - - - - - - -
186,194 461,454 218,456 - - - 42,166 158,807
31,351 23,042 (216,387) 1,760,032 115,664 1,089,025 54,284 20,376 35,000 - - - - 76,815 - -
- - - (750,000) - (202,520) (6,782) -
35,000 - - (750,000) - (125,705) (6,782) -
66,351 23,042 (216,387) 1,010,032 115,664 963,320 47,502 20,376 481,380 - 286,376 934,871 68,666 1,494,103 272,950 126,700 $ 547,731 $ 23,042 $ 69,989 $ 1,944,903 $ 184,330 $ 2,457,423 $ 320,452 $ 147,076 (Continued)

SPECIAL REVENUE FUNDS
127

5.5.a
Packet Pg. 481 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
Abandoned
GHAD San Ramon DV Performing Vehicle
NWSR Housing Arts Theatre Abatement

REVENUES
Intergovernmental - $ $ - $ - $ 34,252
Developer fees - 1,654,969 - -
Charges for services - - - -
Fines and forfeitures - - 33,990 -
Investment income 9,389 (5,185) - -
Special assessments 508,236 - - -
Miscellaneous - 385,583 116,585 18,635
517,625 2,035,367 150,575 52,887

EXPENDITURES
Current:

General government - - (2,438) -
Community development - - - -
Housing - 151,471 - -
Police services - - - 275
Public works 412 - - -
Capital outlay - 4,000,000 - -
Debt service:

Principal - - - -
Interest and fees - - - -
Total Expenditures 412 4,151,471 (2,438) 275

EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 517,213 (2,116,104) 153,013 52,612

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) - - - -
Total Other Financing Sources (Uses) - - - -
Net change in fund balances 517,213 (2,116,104) 153,013 52,612 Fund balances at the beginning of the period 970,598 9,417,719 (131,553) - Fund balances at the end of period $ 1,487,811 $ 7,301,615 $ 21,460 $ 52,612

SPECIAL REVENUE FUNDS
128

5.5.a
Packet Pg. 482 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Total
2010 Pension Nonmajor
Obligation LED Governmental
Bonds Lights COPS #12 Funds
$- $ - $ 5,477,373 - $
- - - 6,666,097
- - - 2,117,445
- - - 33,990
97,294 - - 250,592
- - - 5,463,842
1,525,892 - - 3,441,741
1,623,186 - - 23,451,080
- - - 180,748
- - - 252,407
- - - 151,471
- - - 122,749
- - - 5,453,597
- - - 4,367,883
485,000 283,739 450,000 1,218,739
913,952 13,681 46,147 973,780
1,398,952 297,420 496,147 12,721,374
224,234 (297,420) (496,147) 10,729,706
1,398,990 297,422 496,650 7,236,334
(1,398,990) - - (15,967,614)
- 297,422 496,650 (8,731,280)
224,234 2 503 1,998,426
1,693,733 5,291 30,479,928 1,522
$ 1,917,967 $ 5,293 $ 32,478,354 2,025 $

DEBT SERVICE FUNDS
129

5.5.a
Packet Pg. 483 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PLANNING COST RECOVERY FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 310,000 - $ $ 310,000
Charges for services 312,157 367,379 55,222
Investment income 4,064 - 4,064
Total revenues 312,157 681,443 369,286

EXPENDITURES
Current:

Community development 164,422 163,002 1,420
Total expenditures 164,422 163,002 1,420
Excess (deficiency) of revenue
over (under) expenditures 147,735 518,441 370,706

OTHER FINANCING SOURCES (USES)
Transfers in 1,309 - 1,309
Total Other Financing Sources (Uses) 1,309 - 1,309
NET CHANGE IN FUND BALANCE $ 147,735 519,750 $ 372,015
Fund balance at beginning of year 54,804
Fund balance at end of year $ 574,554
130

5.5.a
Packet Pg. 484 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 95,000 $ 179,300 $ 84,300
Investment income - 1,905 1,905
Total revenues 95,000 181,205 86,205

EXPENDITURES
Current:

Community development 102,533 89,405 13,128
Total expenditures 102,533 89,405 13,128
Excess (deficiency) of revenue
over (under) expenditures (7,533) 91,800 99,333
NET CHANGE IN FUND BALANCE $ 91,800 (7,533) 99,333 $
Fund balance at beginning of year 210,997
Fund balance at end of year $ 302,797

GEOGRAPHIC INFORMATION SYSTEM FUND
131

5.5.a
Packet Pg. 485 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 52,379 $ 80,350 $ 27,971
Investment income - (38,413) (38,413)
Total revenues 52,379 41,937 (10,442)
Excess (deficiency) of revenue
over (under) expenditures 52,379 41,937 (10,442)

OTHER FINANCING SOURCES (USES)
Transfers (out) (52,379) (42,133) 10,246
Total Other Financing Sources (Uses) (52,379) (42,133) 10,246 NET CHANGE IN FUND BALANCE $ - (196) $ (196)
Fund balance at beginning of year 196
Fund balance at end of year $ -
CFD 2014-1 (ACRES) FUND
132

5.5.a
Packet Pg. 486 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 330,874 $ 366,038 $ 35,164
Investment income - 359 359
Total revenues 330,874 366,397 35,523
Excess (deficiency) of revenue
over (under) expenditures 330,874 366,397 35,523

OTHER FINANCING SOURCES (USES)
Transfers (out) (330,874) (367,309) (36,435)
Total Other Financing Sources (Uses) (330,874) (367,309) (36,435) NET CHANGE IN FUND BALANCE $ - (912) $ (912)
Fund balance at beginning of year 912
Fund balance at end of year $ -

CITY OF SAN RAMON
CFD 2014-1 (FARIA) FUND
133

5.5.a
Packet Pg. 487 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

GAS TAX FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 4,351,860 $ 4,004,771 $ (347,089)
Developer fees - 335,855 335,855
Investment income - 40,917 40,917
Total revenues 4,351,860 4,381,543 29,683
Excess (deficiency) of revenue
over (under) expenditures 4,351,860 4,381,543 29,683

OTHER FINANCING SOURCES (USES)
Transfers in - 4,475,504 4,475,504
Transfers (out) (9,154,022) (9,154,022) -
Total Other Financing Sources (Uses) (9,154,022) (4,678,518) 4,475,504 NET CHANGE IN FUND BALANCE $ (4,802,162) (296,975) $ 4,505,187 Fund balance at beginning of year 2,041,727
Fund balance at end of year $ 1,744,752

CITY OF SAN RAMON
134

5.5.a
Packet Pg. 488 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PARK DEVELOPMENT FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 1,253,021 2,296,662 $ $ (1,043,641)
Investment income - 4,834 4,834
Total revenues 2,296,662 1,257,855 (1,038,807)
Excess (deficiency) of revenue
over (under) expenditures 2,296,662 1,257,855 (1,038,807)

OTHER FINANCING SOURCES (USES)
Transfers (out) (723,280) (723,280) -
Total Other Financing Sources (Uses) (723,280) (723,280) - NET CHANGE IN FUND BALANCE $ 534,575 1,573,382 $ (1,038,807) Fund balance at beginning of year 322,130
Fund balance at end of year $ 856,705
135

5.5.a
Packet Pg. 489 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

CROW CANYON PROJECT FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Investment income $ - $ (14) $ (14)
Total revenues - (14) (14)
Excess (deficiency) of revenue
over (under) expenditures - (14) (14)
NET CHANGE IN FUND BALANCE $ - (14) $ (14)
Fund balance at beginning of year 14
Fund balance at end of year $ -
136

5.5.a
Packet Pg. 490 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCCJEPA FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees 2,718,509 $ 1,511,704 $ (1,206,805) $
Investment income - 49,626 49,626
Total revenues 2,718,509 1,561,330 (1,157,179)
Excess (deficiency) of revenue
over (under) expenditures 2,718,509 1,561,330 (1,157,179)

OTHER FINANCING SOURCES (USES)
Transfers (out) (43,960) (43,960) -
Total Other Financing Sources (Uses) (43,960) (43,960) - NET CHANGE IN FUND BALANCE $ 1,517,370 2,674,549 (1,157,179) $ Fund balance at beginning of year 4,949,875
Fund balance at end of year $ 6,467,245
137

5.5.a
Packet Pg. 491 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

STREET MAINTENANCE/ IMPROVEMENTS FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 1,109,099 $ 64,855 $ (1,044,244)
Developer fees - 95,693 95,693
Investment income - 3,207 3,207
Miscellaneous - (613) (613)
Total revenues 1,109,099 163,142 (945,957)
Excess (deficiency) of revenue
over (under) expenditures 1,109,099 163,142 (945,957)

OTHER FINANCING SOURCES (USES)
Transfers (out) (670,939) (670,939) -
Total Other Financing Sources (Uses) (670,939) (670,939) - NET CHANGE IN FUND BALANCE $ (507,797) 438,160 (945,957) $ Fund balance at beginning of year 519,632
Fund balance at end of year $ 11,835
138

5.5.a
Packet Pg. 492 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

TRAFFIC IMPROVEMENTS FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 878,135 $ 435,908 $ (442,227)
Investment income - 3,949 3,949
Total revenues 878,135 439,857 (438,278)
Excess (deficiency) of revenue
over (under) expenditures 878,135 439,857 (438,278)

OTHER FINANCING SOURCES (USES)
Transfers (out) (67,990) (67,990) -
Total Other Financing Sources (Uses) (67,990) (67,990) - NET CHANGE IN FUND BALANCE $ 371,867 810,145 (438,278) $ Fund balance at beginning of year 154,195
Fund balance at end of year $ 526,062
139

5.5.a
Packet Pg. 493 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

TRI-VALLEY TRANSPORTATION FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 355,837 $ 12,105 $ (343,732)
Investment income - 165 165
Total revenues 355,837 12,270 (343,567)
Excess (deficiency) of revenue
over (under) expenditures 355,837 12,270 (343,567)

OTHER FINANCING SOURCES (USES)
Transfers (out) (490,000) (490,000) -
Total Other Financing Sources (Uses) (490,000) (490,000) - NET CHANGE IN FUND BALANCE $ (134,163) (477,730) $ (343,567) Fund balance at beginning of year 659,228
Fund balance at end of year $ 181,498
140

5.5.a
Packet Pg. 494 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PUBLIC EDUCATION AND GOVERNMENT FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 195,000 $ 181,907 $ (13,093)
Investment income - 9,885 9,885
Total revenues 195,000 191,792 (3,208)

EXPENDITURES
Current:

General Government 85,000 - 85,000
Capital outlay 113,094 250,000 136,906
Total expenditures 335,000 113,094 221,906
Excess (deficiency) of revenue
over (under) expenditures (140,000) 78,698 218,698

OTHER FINANCING SOURCES (USES)
Transfers in - 912 912
Transfers (out) (525,000) (525,000) -
Total Other Financing Sources (Uses) (525,000) (524,088) 912 NET CHANGE IN FUND BALANCE $ (665,000) (445,390) $ 219,610 Fund balance at beginning of year 1,323,632
Fund balance at end of year 878,242 $
141

5.5.a
Packet Pg. 495 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

CITYWIDE LIGHTING AND LANDSCAPING FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 2,580,246 $ 2,369,359 $ (210,887) Intergovernmental 11,409 - (11,409)
Investment income - 11,626 11,626
Miscellaneous - 44,516 44,516
Total revenues 2,591,655 2,425,501 (166,154)

EXPENDITURES
Current:

Public works 1,951,102 1,771,493 179,609
Total expenditures 1,951,102 1,771,493 179,609
Excess (deficiency) of revenue
over (under) expenditures 640,553 654,008 13,455

OTHER FINANCING SOURCES (USES)
Transfers (out) (1,001,903) (1,001,903) -
Total Other Financing Sources (Uses) (1,001,903) (1,001,903) - NET CHANGE IN FUND BALANCE $ (361,350) (347,895) $ 13,455 Fund balance at beginning of year 1,732,655
Fund balance at end of year $ 1,384,760
142

5.5.a
Packet Pg. 496 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SPECIAL LANDSCAPING ZONES FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 1,130,320 $ 1,109,831 $ (20,489)
Investment income - 11,943 11,943
Miscellaneous - (2,698) (2,698)
Total revenues 1,130,320 1,119,076 (11,244)

EXPENDITURES
Current:

Public works 1,406,127 983,628 422,499
Total expenditures 1,406,127 983,628 422,499
Excess (deficiency) of revenue
over (under) expenditures (275,807) 135,448 411,255

OTHER FINANCING SOURCES (USES)
Transfers in 437,848 437,848 -
Transfers (out) (520,269) (520,269) -
Total Other Financing Sources (Uses) (82,421) (82,421) - NET CHANGE IN FUND BALANCE $ (358,228) 53,027 $ 411,255 Fund balance at beginning of year 1,769,285
Fund balance at end of year $ 1,822,312
143

5.5.a
Packet Pg. 497 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

CANYON PARK FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 10,990 $ 20,000 $ 9,010
Investment income 1,559 - 1,559
Total revenues 10,990 21,559 10,569

EXPENDITURES
Current:

Public works 59,426 28,724 30,702
Total expenditures 59,426 28,724 30,702
Excess (deficiency) of revenue
over (under) expenditures (48,436) (7,165) 41,271

OTHER FINANCING SOURCES (USES)
Transfers (out) (2,517) (2,517) -
Total Other Financing Sources (Uses) (2,517) (2,517) -
NET CHANGE IN FUND BALANCE $ (50,953) (9,682) $ 41,271
Fund balance at beginning of year 222,425
Fund balance at end of year $ 212,743
144

5.5.a
Packet Pg. 498 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

VILLAGE CENTER COMMON AREA FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Investment income $ - $ 598 $ 598
Miscellaneous 6,006 6,006 -
Total revenues 6,006 6,604 598

EXPENDITURES
Current:

Public works 6,294 4,670 1,624
Total expenditures 6,294 4,670 1,624
Excess (deficiency) of revenue
over (under) expenditures (288) 1,934 2,222

OTHER FINANCING SOURCES (USES)
Transfers in 15,884 15,884 -
Total Other Financing Sources (Uses) 15,884 15,884 -
NET CHANGE IN FUND BALANCE $ 15,596 17,818 $ 2,222
Fund balance at beginning of year 74,306
Fund balance at end of year $ 92,124
145

5.5.a
Packet Pg. 499 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 20,000 $ 21,163 $ 1,163
Investment income - 5,833 5,833
Miscellaneous 1,392,215 1,332,758 (59,457)
Total revenues 1,412,215 1,359,754 (52,461)

EXPENDITURES
Current:

Public works 1,406,472 1,261,420 145,052
Total expenditures 1,406,472 1,261,420 145,052
Excess (deficiency) of revenue
over (under) expenditures 5,743 98,334 92,591
NET CHANGE IN FUND BALANCE $ 5,743 98,334 $ 92,591
Fund balance at beginning of year 684,283
Fund balance at end of year $ 782,617

SOLID WASTE FUND
146

5.5.a
Packet Pg. 500 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Charges for services $ 1,000 $ 70 $ (930)
Special assessments 1,213,515 915,859 (297,656)
Investment income - 1,224 1,224
Miscellaneous 7,500 (1,428) (8,928)
Total revenues 1,222,015 915,725 (306,290)

EXPENDITURES
Current:

Public works 1,246,922 896,622 350,300
Total expenditures 1,246,922 896,622 350,300
Excess (deficiency) of revenue
over (under) expenditures (24,907) 19,103 44,010
NET CHANGE IN FUND BALANCE $ (24,907) 19,103 $ 44,010
Fund balance at beginning of year 137,276
Fund balance at end of year $ 156,379

NON-POINT DRAINAGE DISTRICT FUND

CITY OF SAN RAMON
147

5.5.a
Packet Pg. 501 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 192,750 $ 198,106 $ 5,356
Investment income 3,689 - 3,689
Miscellaneous 15,000 15,750 750
Total revenues 207,750 217,545 9,795

EXPENDITURES
Current:

General government 123,923 183,186 (59,263)
Public Works 3,008 - (3,008)
Total expenditures 123,923 186,194 (62,271)
Excess (deficiency) of revenue
over (under) expenditures 83,827 31,351 (52,476)

OTHER FINANCING SOURCES (USES)
Transfers in 35,000 35,000 -
Total Other Financing Sources (Uses) 35,000 35,000 -
NET CHANGE IN FUND BALANCE $ 118,827 66,351 $ (52,476)
Fund balance at beginning of year 481,380
Fund balance at end of year $ 547,731

STREET SMARTS FUND

CITY OF SAN RAMON
148

5.5.a
Packet Pg. 502 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 646,379 $ 484,274 $ (162,105)
Investment income - 222 222
Total revenues 646,379 484,496 (161,883)

EXPENDITURES
Current:

Public Works 646,379 461,454 184,925
Total expenditures 646,379 461,454 184,925
Excess (deficiency) of revenue
over (under) expenditures - 23,042 23,042
NET CHANGE IN FUND BALANCE $ - 23,042 $ 23,042
Fund balance at beginning of year -
Fund balance at end of year $ 23,042

TDM PROGRAMS FUND

CITY OF SAN RAMON
149

5.5.a
Packet Pg. 503 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Investment income $ - $ 1,314 $ 1,314
Miscellaneous - 755 755
Total revenues - 2,069 2,069

EXPENDITURES
Current:

Police services 122,010 122,474 (464)
Capital Outlay 100,000 95,982 4,018
Total expenditures 222,010 218,456 3,554
Excess (deficiency) of revenue
over (under) expenditures (222,010) (216,387) 5,623
NET CHANGE IN FUND BALANCE $ (222,010) (216,387) $ 5,623 Fund balance at beginning of year 286,376
Fund balance at end of year $ 69,989

POLICE SERVICES DONATION FUND

CITY OF SAN RAMON
150

5.5.a
Packet Pg. 504 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Charges for services $ 1,615,220 $ 1,749,996 $ 134,776
Investment income - 10,036 10,036
Total revenues 1,615,220 1,760,032 144,812
Excess (deficiency) of revenue
over (under) expenditures 1,615,220 1,760,032 144,812

OTHER FINANCING SOURCES (USES)
Transfers (out) (750,000) (750,000) -
Total Other Financing Sources (Uses) (750,000) (750,000) - NET CHANGE IN FUND BALANCE $ 865,220 1,010,032 $ 144,812 Fund balance at beginning of year 934,871
Fund balance at end of year $ 1,944,903

CITY OF SAN RAMON

VEHICLE REFUSE IMPACT FEES FUND
151

5.5.a
Packet Pg. 505 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 404,179 $ 114,544 $ (289,635)
Investment income - 1,120 1,120
Total revenues 404,179 115,664 (288,515)
Excess (deficiency) of revenue
over (under) expenditures 404,179 115,664 (288,515)
NET CHANGE IN FUND BALANCE $ 404,179 115,664 $ (288,515) Fund balance at beginning of year 68,666
Fund balance at end of year $ 184,330

CITY OF SAN RAMON

OPEN SPACE DEVELOPMENT FUND
152

5.5.a
Packet Pg. 506 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

DEVELOPMENT MITIGATION FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 1,235,735 $ 1,072,998 $ (162,737)
Investment income - 16,027 16,027
Total revenues 1,235,735 1,089,025 (146,710)
Excess (deficiency) of revenue
over (under) expenditures 1,235,735 1,089,025 (146,710)

OTHER FINANCING SOURCES (USES)
Transfers in - 76,815 76,815
Transfers (out) (202,520) (202,520) -
Total Other Financing Sources (Uses) (202,520) (125,705) 76,815 NET CHANGE IN FUND BALANCE $ 963,320 1,033,215 (69,895) $ Fund balance at beginning of year 1,494,103
Fund balance at end of year $ 2,457,423
153

5.5.a
Packet Pg. 507 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 114,522 $ 94,169 $ (20,353)
Investment income - 2,281 2,281
Total revenues 114,522 96,450 (18,072)

EXPENDITURES
Current:

Public works 63,101 42,166 20,935
Total expenditures 63,101 42,166 20,935
Excess (deficiency) of revenue
over (under) expenditures 51,421 54,284 2,863

OTHER FINANCING SOURCES (USES)
Transfers (out) (6,782) (6,782) -
Total Other Financing Sources (Uses) (6,782) (6,782) -
NET CHANGE IN FUND BALANCE $ 47,502 44,639 2,863 $
Fund balance at beginning of year 272,950
Fund balance at end of year $ 320,452

CITY OF SAN RAMON

PRESERVE FARIA FUND
154

5.5.a
Packet Pg. 508 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 139,759 $ 178,045 $ 38,286
Investment income - 1,138 1,138
Total revenues 139,759 179,183 39,424

EXPENDITURES
Current:

Capital outlay 158,807 139,759 (19,048)
Total expenditures 139,759 158,807 (19,048)
Excess (deficiency) of revenue
over (under) expenditures - 20,376 20,376
NET CHANGE IN FUND BALANCE $ 20,376 - $ 20,376
Fund balance at beginning of year 126,700
Fund balance at end of year $ 147,076

CITY OF SAN RAMON

TRAFFIX PROGRAM FUND
155

5.5.a
Packet Pg. 509 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Special assessments $ 459,506 $ 508,236 $ 48,730
Investment income - 9,389 9,389
Total revenues 459,506 517,625 58,119

EXPENDITURES
Current:

Public works - 412 (412)
Total expenditures - 412 (412)
Excess (deficiency) of revenue
over (under) expenditures 459,506 517,213 57,707
NET CHANGE IN FUND BALANCE $ 517,213 459,506 57,707 $
Fund balance at beginning of year 970,598
Fund balance at end of year $ 1,487,811

CITY OF SAN RAMON

GHAD - NWSR FUND
156

5.5.a
Packet Pg. 510 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

SAN RAMON HOUSING FUND

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Developer fees $ 1,893,320 $ 1,654,969 $ (238,351)
Investment income - (5,185) (5,185)
Miscellaneous 500,000 385,583 (114,417)
Total revenues 2,393,320 2,035,367 (357,953)

EXPENDITURES
Current:

Housing 151,471 146,477 (4,994)
Capital Outlay - 4,000,000 (4,000,000)
Total expenditures 146,477 4,151,471 (4,004,994)
Excess (deficiency) of revenue
over (under) expenditures 2,246,843 (2,116,104) (4,362,947) NET CHANGE IN FUND BALANCE $ (2,116,104) 2,246,843 (4,362,947) $ Fund balance at beginning of year 9,417,719
Fund balance at end of year $ 7,301,615

CITY OF SAN RAMON
157

5.5.a
Packet Pg. 511 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Fines and forfeitures $ 33,990 - $ $ 33,990
Miscellaneous 60,000 116,585 56,585
Total revenues 60,000 150,575 90,575

EXPENDITURES
Current:

General government 7,000 (2,438) 9,438
Total expenditures 7,000 (2,438) 9,438
Excess (deficiency) of revenue
over (under) expenditures 53,000 153,013 100,013

OTHER FINANCING SOURCES (USES)
Transfers (out) (31,000) - 31,000
Total Other Financing Sources (Uses) (31,000) - 31,000
NET CHANGE IN FUND BALANCE $ 153,013 22,000 131,013 $
Fund balance (deficit) at beginning of year (131,553)
Fund balance at end of year 21,460 $

DV PERFORMING ARTS THEATRE

SCHEDULE OF REVENUES, EXPENDITURES
158

5.5.a
Packet Pg. 512 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Intergovernmental $ 34,252 - $ $ 34,252
Miscellaneous - 18,635 18,635
Total revenues - 52,887 52,887

EXPENDITURES
Current:

Police service - 275 (275)
Total expenditures - 275 (275)
Excess (deficiency) of revenue
over (under) expenditures - 52,612 52,612
NET CHANGE IN FUND BALANCE $ 52,612 - $ 52,612
Fund balance at beginning of year -
Fund balance at end of year $ 52,612

ABANDONED VEHICLE ABATEMENT FUND

SCHEDULE OF REVENUES, EXPENDITURES
159

5.5.a
Packet Pg. 513 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

REVENUES
Investment income $ - $ 97,294 $ 97,294
Miscellaneous 1,398,990 1,525,892 126,902
Total revenues 1,398,990 1,623,186 224,196

EXPENDITURES
Debt service:

Principal 485,000 485,000 -
Interest and fees 913,990 913,952 38
Total expenditures 1,398,990 1,398,952 38
Excess (deficiency) of revenue
over (under) expenditures - 224,234 224,234

OTHER FINANCING SOURCES (USES)
Transfers in 1,398,990 1,398,990 -
Transfers (out) (1,398,990) (1,398,990) -
Total Other Financing Sources (Uses) - - -
NET CHANGE IN FUND BALANCE $ - 224,234 $ 224,234
Fund balance at beginning of year 1,693,733
Fund balance at end of year $ 1,917,967
2010 PENSION OBLIGATION BONDS FUND
160

5.5.a
Packet Pg. 514 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

EXPENDITURES
Debt service:

Principal $ 283,739 $ 283,739 $ -
Interest and fees 13,681 13,681 -
Total expenditures 297,420 297,420 -
Excess (deficiency) of revenue
over (under) expenditures (297,420) (297,420) -

OTHER FINANCING SOURCES (USES)
Transfers in 297,422 297,422 -
Total Other Financing Sources (Uses) 297,422 297,422 -
NET CHANGE IN FUND BALANCE $ 2 2 $ -
Fund balance at beginning of year 5,291
Fund balance at end of year $ 5,293

LED LIGHTS FUND

SCHEDULE OF REVENUES, EXPENDITURES
161

5.5.a
Packet Pg. 515 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

SCHEDULE OF REVENUES, EXPENDITURES

AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Positive
Final Actual (Negative)

EXPENDITURES
Debt service:

Principal $ 450,000 $ 450,000 $ -
Interest and fees 46,650 46,147 503
Total expenditures 496,650 496,147 503
Excess (deficiency) of revenue
over (under) expenditures (496,650) (496,147) 503

OTHER FINANCING SOURCES (USES)
Transfers in 496,650 496,650 -
Total Other Financing Sources (Uses) 496,650 496,650 -
NET CHANGE IN FUND BALANCE $ - 503 $ 503
Fund balance at beginning of year 1,522
Fund balance at end of year $ 2,025
COPS #12 FUND
162

5.5.a
Packet Pg. 516 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

DESCRIPTIONS OF INTERNAL SERVICE FUNDS
June 30, 2023
Internal Service Funds are used to account for the financing of goods and services provided by one City department or agency to other departments or agencies of the City, or to other governmental units on a cost reimbursement basis (including depreciation).

The Investment Fund is used to account for the management of investments.

The Equipment Replacement Fund is used to account for replacement of major equipment and vehicles.

Revenues are derived from allocated charges to the department’s general fund.

The Information System Replacement Fund is used to account for replacement of computer related equipment.

The Insurance Liability Fund is used to administer the City employee’s leave payouts, retiree medical benefits, general insurance, and safety programs with the goals of reducing insurance-related costs, maintain appropriate levels of coverage and to build contingent loss reserves.

The Healthcare Fund is used to account for City employees’ healthcare premiums and claims.

The Infrastructure Maintenance Fund is used to account for the cost of maintaining City buildings. 163

5.5.a
Packet Pg. 517 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF NET POSITION
JUNE 30, 2023
Investment
Fund
Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund
ASSETS
Current Assets:

Cash and investments 2,567 $ 2,196,334 $ 1,135,038 $ 1,159,364 $ Restricted cash and investments - - - -
Receivables:

Accounts - - - 823,882
Interest - 9,212 4,632 -
Prepaids - - 2,835 -
Total current assets 2,567 2,205,546 1,142,505 1,983,246 Noncurrent Assets:

Capital assets, net of
accumulated depreciation 2,549,491 - - -
Total assets 2,567 4,755,037 1,142,505 1,983,246

LIABILITIES
Current Liabilities:

Accounts payable 292 222,121 8,876 8,113
Accrued payroll 2,275 - - 79,136
Due to other funds - - - 1,702,559
Total liabilities 2,567 222,121 8,876 1,789,808

NET POSITION
Net investment in capital assets - 2,549,491 - -
Unrestricted - 1,983,425 1,133,629 193,438
Total net position $ 4,532,916 - $ $ 1,133,629 $ 193,438 164

5.5.a
Packet Pg. 518 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Healthcare Fund
Infrastructure
Maintenance
Fund Total
$
- $ 171,858 $ 4,665,161
1,660,455 - 1,660,455
1,779,787 - 2,603,669
3,735 - 17,579
50,819 - 53,654
3,494,796 171,858 9,000,518
- - 2,549,491
3,494,796 171,858 11,550,009
6,558 - 245,960
- - 81,411
1,973,102 - 3,675,661
1,979,660 - 4,003,032
- - 2,549,491
1,515,136 171,858 4,997,486
$ 1,515,136 $ 171,858 $ 7,546,977
165

5.5.a
Packet Pg. 519 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

INTERNAL SERVICE FUNDS

COMBINING STATEMENTS OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2023
Investment
Fund
Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund

OPERATING REVENUES
Intergovernmental - $ $ - $ 789,992 - $
Charges for services - - 93,797 -
Miscellaneous 119,849 - - 4,943,442
Total operating revenues - 119,849 93,797 5,733,434

OPERATING EXPENSES
Personnel services 66,475 - - 2,402,877
Services and supplies - 129,218 366,007 107,391
Claims and insurance - - - 4,235,732
Depreciation - 1,222,261 - -
Total operating expenses 66,475 1,351,479 366,007 6,746,000 Operating income (loss) (66,475) (1,231,630) (272,210) (1,012,566)

NONOPERATING REVENUES
Loss on disposal of capital assets - (16,537) - -
Investment income 66,475 20,597 9,822 15
Net nonoperating revenues (expenses) 66,475 4,060 9,822 15 Income (loss) before transfers - (1,227,570) (262,388) (1,012,551)

TRANSFERS
Transfers in - 100,000 - 705,989
Transfers (out) - (316,000) - -
Net transfers - (216,000) - 705,989
Change in net position - (1,443,570) (262,388) (306,562) Net position - beginning of year - 5,976,486 1,396,017 500,000 Net position - end of year $ 4,532,916 - $ $ 1,133,629 $ 193,438 166

5.5.a
Packet Pg. 520 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Healthcare Fun
d
Infrastructure
Maintenance
Fund Totals
$ - - $ 789,992 $
- 11,697 105,494
7,358,184 - 12,421,475
7,358,184 11,697 13,316,961
3,990,836 - 6,460,188
- - 602,616
7,406,310 - 11,642,042
- - 1,222,261
11,397,146 19,927,107 -
(4,038,962) 11,697 (6,610,146)
- - (16,537)
75,749 1,059 173,717
75,749 1,059 157,180
(3,963,213) 12,756 (6,452,966)
- 1,820,430 2,626,419
- (1,835,948) (2,151,948)
- (15,518) 474,471
(3,963,213) (2,762) (5,978,495)
5,478,349 174,620 13,525,472
$ 1,515,136 $ 171,858 $ 7,546,977
167

5.5.a
Packet Pg. 521 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

INTERNAL SERVICE FUNDS

COMBINING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2023
Investment
Fund
Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from department users $ 123,431 - $ $ 93,710 $ 6,786,381 Cash payments to suppliers of goods and services (6,000) 59,198 (394,260) (359,963) Cash payments to and on behalf of employees for services (65,966) - - (6,654,302) Net cash provided (used) by operating activities (71,966) 182,629 (300,550) (227,884)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers in - 100,000 - 705,989
Transfers (out) - (316,000) - -
Cash flows from noncapital financing activities - (216,000) 705,989 -

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition and construction of capital assets - (1,106,825) - - Cash flows from capital and related financing activities - (1,106,825) - -

CASH FLOWS FROM INVESTING ACTIVITIES
Investment earnings received 66,475 4,060 9,822 15
Cash flows from investing activities 66,475 4,060 9,822 15 Net increase (decrease) in cash and cash equivalents (5,491) (1,136,136) (290,728) 478,120 Cash and investments at beginning of period 8,058 3,332,470 1,425,766 681,244 Cash and investments at end of period 2,567$ $ 2,196,334 $ 1,135,038 $ 1,159,364

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

Operating income (loss) $ (66,475) $ (1,231,630) $ (272,210) $ (1,012,566) Adjustments to reconcile operating income
to net cash provided by operating activities:

Depreciation and amortization - 1,222,261 - -
Change in assets and liabilities:

Accounts receivable - 2,276 - (294,071)
Interest receivable - 1,306 (87) -
Prepaids - - - -
Accounts payable (6,000) 188,416 (28,253) (252,572)
Accrued payroll 509 - - (15,693)
Due to other funds - - - 1,347,018
Net cash provided (used) by operating activities $ (71,966) $ 182,629 $ (300,550) $ (227,884) 168

5.5.a
Packet Pg. 522 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Healthcare Fun
d
Infrastructure
Maintenance Fund Totals
$ 8,108,333
$ 12,634 $ 15,124,489
(4,038,002) - (4,739,027)
(7,406,310) - (14,126,578)
(3,335,979) 12,634 (3,741,116)
- 1,820,430 2,626,419
-
(1,835,948) (2,151,948)
-
(15,518) 474,471
- -
(1,106,825)
- -
(1,106,825)
75,749 1,059 157,180
75,749 1,059 157,180
(3,260,230)(1,825) (4,216,290)
4,920,685 173,683 10,541,906
$ 1,660,455 $ 171,858 $ 6,325,616
$ (4,038,962)$ 11,697 $ (6,610,146)
- - 1,222,261
(1,219,218) - (1,511,013)
(3,735) 937(1,579)
(50,819)-(50,819)
3,653 -
(94,756)
- - (15,184)
1,973,102 - 3,320,120
$ (3,335,979)
$ 12,634 $ (3,741,116)
169

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5.5.a
Packet Pg. 524 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

DESCRIPTIONS OF CUSTODIAL FUNDS
June 30, 2023
Custodial Funds
Custodial Funds report fiduciary activities by the City on behalf of individuals, governmental entities, and non-public organizations.

The Custodial Funds are as follows:

The Cree Court Assessment District Fund is used to account for the debt issued to finance infrastructure improvements and facilities within its boundaries.

The SCCJEPA Trust Fund is used to account for the collection of development related impact fees for distribution to the Town of Danville and Contra Costa County per the SCCJEPA agreement.

The San Ramon Valley Tourism Improvement District Fund is used to account for the collection of TriValley Tourism Business Improvement District assessments on lodging business for which the City is acting only as an agent.
171

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Packet Pg. 525 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CUSTODIAL FUNDS

COMBINING STATEMENTS OF FIDUCIARY NET POSITION
JUNE 30, 2023
San Ramon
Cree Court Valley Tourism
Assessment SCCJEPA Improvement Total
District Fund Trust Fund District Custodial Funds
ASSETS
Cash and investments 70,263 $ 81,301$ $ 54,189 $ 205,753 Accounts receivable - 20,218 40,362 60,580
Interest receivable 3 333 - 336
Total assets 70,266 101,852 94,551 266,669

LIABILITIES
Deposits payable - - 116,009 116,009
Total liabilities - - 116,009 116,009

NET POSITION
Restricted for individuals, organizations,
and other governments 70,266 101,852 (21,458) 150,660
Total net position (deficit) 70,266 $ 101,852 $ (21,458) $ 150,660 $

CITY OF SAN RAMON
172

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Packet Pg. 526 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CUSTODIAL FUNDS

COMBINING STATEMENTS OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED JUNE 30, 2023
San Ramon
Cree Court Valley Tourism
Assessment SCCJEPA Improvement Total
District Fund Trust Fund District Custodial Funds
Additions
Investment income 481 $ 912$ $ - $ 1,393
Impact fees - 24,073 - 24,073
Total additions 481 24,985 - 25,466
Net increase in fiduciary
net position 481 24,985 - 25,466
Net position (deficit) - Beginning 69,785 76,867 (21,458) 125,194 Net position (deficit) - Ending 70,266 $ 101,852 $ (21,458) $ 150,660 $

CITY OF SAN RAMON
173

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5.5.a
Packet Pg. 528 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

STATISTICAL SECTION

5.5.a
Packet Pg. 529 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON, CALIFORNIA

MISCELLANEOUS STATISTICAL DATA
June 30, 2023
This part of the City of San Ramon's Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City of San Ramon's overall financial health.

CONTENTS
Page(s)
Financial Trends
These schedules contain trend information to help the reader understand how the City of San Ramon’s financial performance and well-being have changed over time ................ 177-185 Revenue Capacity
These schedules contain information to help the reader assess the City of San Ramon’s most significant local revenue source, the property tax. ............................................................. 186-192 Debt Capacity
These schedules present information to help the reader assess the affordability of the City of San Ramon’s current levels of outstanding debt and our ability to issue additional debt in the future .......................................................................................................................... 193-197 Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City of San Ramon’s financial activities take place. ............ 198-201 Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the City of San Ramon’s financial report relates to the services the City of San Ramon provides and the activities it performs. ........................................................ 202-205 Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.
176

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Packet Pg. 530 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

GOVERNMENT-WIDE REVENUES BY SOURCE

LAST TEN FISCAL YEARS
Fiscal Year
Charges for
Services
Operating
Grants &
Contribution
Capital Grants
&
Contributions Taxes
Unrestricted
Grants &
Contributions
Unrestricted
Investment
Earnings Special Items Miscellaneous Total
2014 $ 9,348,125 $ 20,344,930 $ 7,792,579 $ 31,873,118 $ 44,552 $ 934,329 $ 6,103,351 - $ $ 76,440,984 2015 10,379,205 8,375,452 20,661,559 32,701,787 249,649 738,368 - 919,352 74,025,372 2016 12,975,507 33,628,638 18,300,560 35,870,195 100,286 605,093 - 436,250 101,916,529 2017 11,214,119 35,947,470 30,233,200 36,197,046 47,706 175,776 - 471,260 114,286,577 2018 13,114,680 33,704,789 3,770,000 37,372,326 66,084 327,941 2,041,845 470,512 90,868,177 2019 10,157,468 36,641,421 2,166,499 40,613,110 39,669 2,502,620 - 2,891,917 95,012,704 2020 7,599,460 37,278,533 2,795,950 39,345,698 750,784 3,294,287 - 2,194,065 93,258,777 2021 6,628,610 37,147,892 3,170,000 39,882,724 946,649 1,041,246 - 494,718 89,311,839 2022 13,386,335 41,551,345 - 44,005,203 827,008 (2,943,042) - 5,162,831 101,989,680 2023 23,370,322 37,514,694 - 47,450,019 163,789 1,226,819 - 2,773,322 112,498,965 Special Item: Assets transferred from Successor Agency (Note 6) Source: City of San Ramon Finance Department.

Program Revenues General Revenues
$-
$5
$10
$15
$20
$25
$30
$35
$40
$45
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
Charges for Services Operating Grants & Contribution Capital Grants & Contributions Taxes Unrestricted Grants & Contributions Unrestricted Investment Earnings Special Items Miscellaneous 177

5.5.a
Packet Pg. 531 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

GOVERNMENT-WIDE EXPENSES BY FUNCTION

LAST TEN FISCAL YEARS
Fiscal Year
General
Government
Community
Development Housing
Police
Services Public Works
Parks &
Comm.

Services Debt Service Total
2014 $ 4,231,229 5,448,270 $ 839,689 $ 18,280,088 $ $ 40,595,096 $ 9,534,445 $ 1,828,930 $ 80,757,747 2015 4,958,010 4,087,620 17,098,714 884,366 33,230,480 8,690,941 1,549,984 70,500,115 2016 5,447,838 4,312,666 16,951,992 857,894 53,235,400 9,376,348 1,480,226 91,662,364 2017 5,511,125 3,811,113 18,497,953 532,789 57,528,031 9,235,946 1,421,758 96,538,715 2018 7,586,147 3,744,306 1,255,134 21,366,871 60,581,885 10,596,399 1,349,824 106,480,566 2019 7,305,353 4,413,183 23,569,516 404,052 60,000,806 12,121,428 1,261,209 109,075,547 2020 7,967,068 4,356,283 28,698,232 147,888 63,117,092 8,728,792 2,074,622 115,089,977 2021 8,945,328 4,722,306 26,984,956 692,707 66,663,070 9,296,676 1,971,936 119,276,979 2022 7,602,313 4,147,543 20,382,863 166,619 52,098,897 7,940,542 2,168,857 94,507,634 2023 17,138,205 6,050,547 31,884,506 151,471 63,907,384 10,131,767 2,133,354 131,397,234 Source: City of San Ramon Finance Department.
$-
$10
$20
$30
$40
$50
$60
$70
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
General Government Community Development Housing Police Services Public Works Parks & Comm. Services Debt Service 178

5.5.a
Packet Pg. 532 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

GENERAL GOVERNMENTAL REVENUES BY SOURCE

LAST TEN FISCAL YEARS
Fiscal Year Taxes
License and
Permits
Intergovernmental Charges for
Services
Fines and
Forfeitures
Investment
Income
Developer
Fees
Special
Assessments Misc. Total
2014 $ 1,568,690 31,639,628 $ 17,262,900 $ 5,848,351 $ 332,225 $ 934,395 $ 3,024,213 $ 5,970,067 $ 3,823,506 $ 70,403,975 $ 2015 1,371,771 32,968,914 18,892,429 6,390,025 342,759 738,365 2,552,619 6,099,794 4,924,543 74,281,219 2016 1,712,228 35,880,275 22,302,225 7,872,024 424,930 605,112 3,472,736 6,120,389 20,567,310 98,957,229 2017 2,005,548 36,202,806 19,101,812 6,694,011 429,625 187,521 2,611,460 6,295,969 4,917,946 78,446,698 2018 2,687,739 37,372,331 20,527,587 7,836,829 458,940 328,008 3,475,588 6,775,530 5,593,780 85,056,332 2019 2,761,198 40,613,107 22,913,610 8,361,139 489,238 2,506,879 2,136,662 6,829,113 6,235,259 92,846,205 2020 2,060,875 39,345,698 26,842,765 6,911,332 303,509 2,929,628 1,676,360 7,357,518 4,645,014 92,072,699 2021 39,882,724 1,930,271 25,232,056 4,931,783 193,641 192,595 2,615,718 7,633,766 4,701,826 87,314,380 2022 44,005,203 2,714,502 33,112,117 7,033,048 140,752 (2,220,071) 2,438,238 7,772,822 6,235,316 101,231,927 2023 47,450,017 3,318,430 29,561,470 8,068,623 205,992 1,039,160 6,666,097 7,633,873 8,555,303 112,498,965 Source: City of San Ramon Finance Department
$-
$5
$10
$15
$20
$25
$30
$35
$40
$45
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
Taxes License and Permits Intergovern-mental Charges for Services Fines and Forfeitures Investment Income Developer Fees Special Assessments Misc. 179

5.5.a
Packet Pg. 533 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

TAX REVENUE BY SOURCE

LAST TEN FISCAL YEARS
Fiscal Year Property Sales & Use
Transient
Occupancy Franchise
Property
Transfer Total Revenues
2014 $ 9,696,496 14,631,753 $ 2,246,186 $ 4,244,126 $ 810,014 $ 31,628,575 $ 2015 9,398,739 16,091,598 2,470,971 4,371,778 624,548 32,957,634 2016 10,484,639 17,240,799 2,807,649 4,491,196 845,912 35,870,195 2017 9,328,801 18,478,700 2,894,303 4,579,568 915,674 36,197,046 2018 9,371,941 19,559,287 3,002,708 4,645,223 793,167 37,372,326 2019 10,926,081 20,828,367 3,264,311 4,776,400 817,951 40,613,110 2020 10,606,225 20,770,096 2,316,300 4,994,029 659,048 39,345,698 2021 10,773,143 21,862,846 768,417 5,434,322 1,043,996 39,882,724 2022 12,124,019 23,479,914 1,744,152 5,444,056 1,213,062 44,005,203 2023 14,329,831 24,550,855 2,133,699 5,726,366 709,268 47,450,019 Change
2014-2023 67.8% 47.8% -5.0% 34.9% -12.4% 50.0%
Source: City of San Ramon Finance Department
$-
$5
$10
$15
$20
$25
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
Property * * * * Sales & Use * * * * Transient Occupancy * * * * Franchise * * * * Property Transfer * * * * 180

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Packet Pg. 534 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION

LAST TEN FISCAL YEARS
Fiscal Year
General
Government
Community
Development
Police
Services Public Works
Parks &
Community
Services
Redevelopment* HousingCapital
Projects Debt Service Total
2014 $ 3,842,827 4,615,709 $ 16,971,479 $ 23,047,793 $ 7,687,618 $ - $ 837,817 $ 7,739,149 $ 3,310,229 $ 68,052,621 $ 2015 4,117,393 4,807,260 17,890,922 24,119,320 7,894,989 - 884,366 6,923,944 3,398,030 70,036,224 2016 5,608,238 4,274,496 18,883,227 26,008,729 8,464,188 - 837,827 29,635,480 3,441,753 97,153,938 2017 5,943,627 3,655,500 19,959,904 29,365,159 8,052,418 - 523,133 9,695,432 3,483,441 80,678,614 2018 6,409,864 3,364,528 20,999,778 31,736,113 8,765,042 - 636,572 10,554,185 3,524,027 85,990,109 2019 6,665,651 4,045,570 21,601,936 29,850,996 8,683,167 - 394,685 13,932,569 3,304,618 88,479,192 2020 7,050,378 3,975,564 22,679,118 43,185,607 6,850,767 - 129,937 4,918,235 4,515,905 93,305,511 2021 7,593,531 4,093,865 23,814,077 45,005,415 6,892,067 - 672,889 6,842,004 4,859,202 99,773,050 2022 10,954,306 6,572,399 30,916,058 47,150,262 11,102,306 - 158,313 10,724,351 121,680,176 4,102,181 2023 8,721,226 5,482,817 22,783,029 34,207,394 8,108,295 - 151,471 25,137,860 110,274,935 5,682,843 Source: City of San Ramon Finance Department.
* The Redevelopment Agency was dissolved as of January 31, 2012. $-
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions General Government Community Development Police Services Public Works Parks & Community Services Redevelop-ment* Housing Capital Projects Debt Service
181

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Packet Pg. 535 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON
NET POSITION BY COMPONENTLAST TEN FISCAL YEARS(accrual basis of accounting) June 30,
Governmental activities: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Invested in capital assets 416,958,256 $ 421,282,671 $ 426,734,431 $ 439,179,307 $ 428,455,890 $ 414,409,089 $ 393,808,218 $ 368,555,622 $ 355,599,943 $ 353,429,841 $ Restricted 60,785,008 71,705,018 71,688,071 76,664,534 76,793,600 73,914,667 76,894,439 73,759,679 63,481,492 75,089,247 Unrestricted (16,685,507) 28,477,681 (11,892,459) (11,565,936) (15,099,077) (16,195,966) (20,403,067) (21,951,418) 8,764,495 (19,571,427) Total $506,220,945 $476,302,182 $486,530,043 $504,277,905 $490,150,413 $472,127,790 $450,299,590 $420,363,883 $427,845,930 $408,947,661 The City adjusted certain beginning balances during fiscal years 2014-2015 and 2017-2018 to reflect the implementation of GASB Statements 68 and 75. Financial data shown for the proceeding years were not adjusted for the presentation. $(100)
$-
$500 $400 $300 $200 $100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
Invested in capital assets Restricted Unrestricted
182

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Packet Pg. 536 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON
CHANGES IN NET POSITIONLAST TEN FISCAL YEARS(accrual basis of accounting) June 30,
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Expenses:

Governmental activities:

General government 5,448,270 $ 4,958,010 $ 5,447,838 $ 5,511,125 $ 7,586,147 $ 7,305,353 $ 7,967,068 $ 8,945,328 $ 7,602,313 $ 17,138,205 $ Community development 4,231,229 4,087,620 4,312,666 3,811,113 3,744,306 4,413,183 4,356,283 4,722,306 4,147,543 6,050,547 Redevelopment activities * - - - - - - - - - -Housing 839,689 884,366 857,894 532,789 1,255,134 404,052 147,888 692,707 166,619 151,471 Police services 18,280,088 17,098,714 16,951,992 18,497,953 21,366,871 23,569,516 28,698,232 26,984,956 20,382,863 31,884,506 Public works 40,595,096 33,230,480 53,235,400 57,528,031 60,581,885 60,000,806 63,117,092 66,663,070 52,098,897 63,907,384 Parks and community service 9,534,445 8,690,941 9,376,348 9,235,946 10,596,399 12,121,428 8,728,792 9,296,675 7,940,542 10,131,767Interest on long-term debt 1,828,930 1,549,984 1,480,226 1,421,758 1,349,824 1,261,209 2,074,622 1,971,936 2,168,857 2,133,354 Total governmental activities expenses 80,757,747 70,500,115 91,662,364 96,538,715 106,480,566 109,075,547 115,089,977 119,276,978 94,507,634 131,397,234 Program revenues:

Governmental activities:

Charges for services:

General government 326,112 314,733 312,675 316,360 337,446 355,429 300,852 263,657 272,463 74,314 Community development 2,626,304 2,125,370 2,595,640 3,069,601 4,446,488 4,212,283 3,558,078 3,279,128 4,755,260 5,044,630 Redevelopment activities - - - - - - - - - -
Housing 73,290 408,999 714,307 6,156 - - - - - -
Police services 437,106 477,577 634,611 476,105 486,757 386,697 50,021 213,727 226,934 232,097 Public Works 1,197,819 2,470,824 3,574,777 2,335,628 2,421,581 867,543 2,180,478 1,237,528 4,033,401 15,291,104 Park and community service 4,687,494 4,581,702 5,143,497 5,010,269 5,422,408 4,335,516 1,510,031 1,634,570 4,098,277 2,728,177 Operating grants and contributions 20,344,930 8,375,452 33,628,638 35,947,470 33,704,789 36,641,421 37,278,533 37,147,892 41,551,345 37,514,694 Capital grants and contributions 7,792,579 20,661,559 18,300,560 30,233,200 3,770,000 2,166,499 2,795,950 3,170,000 - - Total governmental activities program revenues 37,485,634 39,416,216 64,904,705 77,394,789 50,589,469 48,965,388 47,673,943 46,946,502 54,937,680 60,885,016 Net revenues (expenses): (43,272,113) (31,083,899) (26,757,659) (19,143,926) (55,891,097) (60,110,159) (67,416,034) (72,330,476) (39,569,954) (70,512,218)Changes in Net Position:

Governmental activities:

Taxes:

Property tax, levied for general purpose 14,631,753 16,091,598 17,240,799 18,478,700 19,559,287 20,828,367 20,770,096 21,862,847 23,479,914 24,550,855 Property tax, Redevelopment Agency tax increment - - - - - - - - - - Sales tax 9,941,039 9,142,892 10,484,639 9,328,801 9,371,941 10,926,081 10,606,225 10,773,143 12,124,019 14,329,831 Transient occupancy tax 2,246,186 2,470,971 2,807,649 2,894,303 3,002,708 3,264,311 2,316,300 768,417 1,744,152 2,133,699 Franchise tax 4,244,126 4,371,778 4,491,196 4,579,568 4,645,223 4,776,400 4,994,029 5,434,321 5,444,056 5,726,366 Property transfer tax 810,014 624,548 845,912 915,674 793,167 817,951 659,048 1043996 1,213,062 709,268 Intergovernmental, unrestricted 44,552 249,649 100,286 47,706 66,084 39,669 750,784 946,649 827,008 163,789 Investment income 6,731,074 738,368 605,093 175,776 327,941 2,502,620 3,294,287 1,041,246 (2,943,042) 1,226,819 Special Items - - - - 2,041,845 - - - - -
Other general revenues 919,352 306,606 436,250 471,260 470,512 2,891,917 2,194,065 494,718 5,162,831 2,773,322 Total governmental activities 38,955,350 34,609,156 37,011,824 36,891,788 40,278,708 46,047,316 45,584,834 42,365,337 47,052,000 51,613,949 Extraordinary Gain - Successor Agency Trust for Assets
of Former Redevelopment Agency
Changes in net position (4,316,763) $ 3,525,257 $ 10,254,165 $ 17,747,862 $ (15,612,389) $ (14,062,843) $ (21,831,200) $ (29,965,139) $ 7,482,046 $ (18,898,269) $ Special item: Assets transferred from Successor Agency (Note 7)* The Redevelopment Agency was dissolved as of January 31, 2012. 183

5.5.a
Packet Pg. 537 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON
FUND BALANCES OF GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting) June 30,
2014 * 2015 * 2016 * 2017 * 2018 * 2019 * 2020 * 2021 * 2022 * 2023 * General fund:

Nonspendable 319,520 $ 4,959,508 $ 6,255,670 $ 510,137 $ 207,923 $ 161,958 $ 133,409 $ 139,854 $ 137,540 $ 152,790 $ Restricted - - - - - - - - - -
Committed - - - - - - - - - -
Unassigned 11,421,981 5,975,668 6,890,959 9,399,666 7,241,994 13,726,600 15,210,641 19,081,406 23,701,140 26,146,512 Total general fund 11,741,501 $ 10,935,176 $ 13,146,629 $ 9,909,803 $ 7,449,917 $ 13,888,558 $ 15,344,050 $ 19,221,260 $ 23,838,680 $ 26,299,302 $ All other governmental funds:

Nonspendable 10,400 $ 26,481 $ 102,722 $ 9,444,363 $ 39,785 $ 12,944 $ 240 $ - $ - $ 29,573 $ Restricted 59,984,958 70,645,724 70,466,220 66,210,405 75,726,288 72,785,759 93,671,572 77,360,940 76,976,246 74,194,817 Committed 784,725 1,032,813 1,119,129 1,010,791 1,027,527 1,115,964 577,704 517,034 265,801 877,351 Unassigned - - - (1,025) - - - - (1,441,737) (12,494)
Total all other governmental funds 60,780,083 $ 71,705,018 $ 71,688,071 $ 76,664,534 $ 76,793,600 $ 73,914,667 $ 94,249,516 $ 77,877,974 $ 75,800,310 $ 75,089,247 $ GRAND TOTAL 72,521,584 $ 82,640,194 $ 84,834,700 $ 86,574,337 $ 84,243,517 $ 87,803,225 $ 109,593,566 $ 97,099,234 $ 99,638,990 $ 101,388,549 $ * GASB statement No. 54 was implemented in FY 10/11, which required all fund balances to be classified as Non-Spendable, Restricted, Committed, or Unassigned. 184

5.5.a
Packet Pg. 538 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenues:

Taxes 31,639,628 $ 32,968,914 $ 35,880,275 $ 36,202,806 $ 37,372,331 $ 40,613,107 $ 39,345,698 $ 39,882,724 $ 44,005,203 $ 47,450,017 $ Licenses and permits 1,568,690 1,371,771 1,712,228 2,005,548 2,687,739 2,761,198 2,060,875 1,930,271 2,714,502 3,318,430 Intergovernmental 17,262,900 18,892,429 22,302,225 19,101,812 20,527,587 22,913,610 26,842,765 25,232,056 33,112,117 29,561,470Developer fees 3,024,213 2,552,619 3,472,736 2,611,460 3,475,588 2,136,662 1,676,360 2,615,718 2,438,238 6,666,097 Charges for services 5,848,351 6,390,025 7,872,024 6,694,011 7,836,829 8,361,139 6,911,332 4,931,783 7,033,048 8,068,623Fines and forfeitures 332,225 342,759 424,930 429,625 458,940 489,238 303,509 193,641 140,752 205,992Investment income 934,395 738,365 605,112 187,521 328,008 2,506,879 2,929,628 192,595 (2,220,071) 1,039,160Special assessments 5,970,067 6,099,794 6,120,389 6,295,969 6,775,530 6,829,113 7,357,518 7,633,766 7,772,822 7,633,873 Miscellaneous 3,823,506 4,924,543 20,567,310 4,917,946 5,593,780 6,235,259 4,645,014 4,701,826 6,235,316 8,555,303 Total revenues 70,403,975 74,281,219 98,957,229 78,446,698 85,056,332 92,846,205 92,072,699 87,314,380 101,231,927 112,498,965 Expenditures
Current:

General government 4,615,709 4,807,260 5,608,238 5,943,627 6,409,864 6,665,651 7,050,378 7,593,531 10,954,306 8,721,226 Community development 3,842,827 4,117,393 4,274,496 3,655,500 3,364,528 4,045,570 3,975,564 4,093,865 6,572,399 5,482,817 Housing 837,817 884,366 837,827 523,133 636,572 394,685 129,937 672,889 158,313 151,471 Police Services 16,973,606 17,890,922 18,883,227 19,959,904 20,999,778 21,601,936 22,679,118 23,814,077 30,916,058 22,783,029 Public works 23,047,793 24,119,320 26,008,729 29,365,159 31,736,113 29,850,996 43,185,607 45,005,415 47,150,262 34,207,394 Parks & community services 7,687,618 7,894,989 8,464,188 8,052,418 8,765,042 8,683,167 6,850,767 6,892,067 11,102,306 8,108,295 Redevelopment - - - - - - - - - -
Capital Outlay 7,739,149 6,923,944 29,635,480 9,695,432 10,554,185 13,932,569 4,918,235 6,842,004 10,724,351 25,137,860 Debt service:

Principal 1,673,678 1,820,102 1,934,176 2,033,848 2,144,142 2,015,080 2,447,941 2,832,583 1,877,841 3,398,739 Interest and fees 1,634,424 1,577,928 1,507,577 1,449,593 1,379,885 1,289,538 1,730,353 2,026,619 2,224,340 2,284,104Cost of Issuance - - - - - - 337,611 - - - Total expenditures 68,052,621 70,036,224 97,153,938 80,678,614 85,990,109 88,479,192 93,305,511 99,773,050 121,680,176 110,274,935 Excess (deficiency) of revenues over (under) expenditures 2,351,354 4,244,995 1,803,291 (2,231,916) (933,777) 4,367,013 (1,232,812) (12,458,670) (20,448,249) 2,224,030 Other financing sources (uses):

Proceeds (Loss) from sale of property - - - 5,606,679 (636,459) - - - - - Proceeds from long term debt - - - - - - - - - - Transfers in 12,858,271 16,518,219 23,429,979 19,035,672 19,230,868 20,706,291 33,601,529 43,308,523 36,210,321 36,076,019 Transfers (out) (13,339,887) (16,425,766) (23,038,763) (20,670,798) (19,991,452) (21,513,596) (34,926,761) (43,376,618) (36,567,316) (36,550,490) Proceeds from capital lease - - - - - - -
Issuance of bonds - - - - - - 20,990,000 - 23,345,000 - - - - - - - 3,358,385 - - -
Payment to bond escrow agent - - - - - - - - - -
Total other financing
sources (uses) (481,616) 92,453 391,216 3,971,553 (1,397,043) (807,305) 23,023,153 (68,095) 22,988,005 (474,471) Extraordinary loss
Net change in fund balances 1,869,738 $ 4,337,448 $ 2,194,507 $ 1,739,637 $ (2,330,820) $ 3,559,708 $ 21,790,341 $ (12,526,765) $ 2,539,756 $ 1,749,559 $ Debt service as a percentage of noncapital expenditures 5% 5% 5% 5% 5% 4% 5% 5% 4% 7% Premium on bonds issues
-
- -
185

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Packet Pg. 539 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
Fiscal Year Secured Unsecured
Taxable Assessed
Value
Total Direct Tax
Rate
2014 $ 404,102,025 15,118,312,790 $ 15,522,414,815 $ 0.07590 2015 16,562,364,762 421,617,203 16,983,981,965 0.07470
2016 17,932,287,779 386,528,547 18,318,816,326 0.06940
2017 18,989,294,954 422,241,773 19,411,536,727 0.05810
2018 20,287,909,650 375,570,677 20,663,480,327 0.07610
2019 21,326,489,207 383,728,161 21,710,217,368 0.09620
2020 22,239,569,802 409,923,340 22,649,493,142 0.09620
2021 23,142,334,289 391,139,999 23,533,474,288 0.09040
2022 24,670,201,640 389,017,895 25,059,219,535 0.09150
2023 26,182,565,945 387,360,522 26,569,926,467 0.07790
Source: Contra Costa County Auditor-Controller's Office - Certificate of Assessed Valuation The Taxable Assessed Value is the Total Gross Assessed Valuation less Homeowner's Exemptions Note:

In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. 0 5
10 15
20 25
30 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Billions
Secured Unsecured
186

5.5.a
Packet Pg. 540 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

DIRECT AND OVERLAPPING PROPERTY TAX RATES

LAST TEN FISCAL YEARS
Overlapping Rates
Fiscal Year
City of San
Ramon Direct
Rate
Bay Area
Rapid Transit
East Bay
Regional Park
San Ramon
Unified School
District
Contra Costa
County
Community
Colleges
Subtotal
Overlapping
Rate TOTAL
2014 0.0759 0.0045 0.0085 0.0651 0.0252 0.1033 0.1792
2015 0.0747 0.0026 0.0067 0.0624 0.0220 0.0937 0.1684
2016 0.0694 0.0080 0.0032 0.0652 0.0120 0.0884 0.1578
2017 0.0581 0.0084 0.0021 0.0552 0.0114 0.0771 0.1352
2018 0.0761 0.0070 0.0021 0.0750 0.0110 0.0951 0.1712
2019 0.0962 0.0120 0.0094 0.0750 0.0188 0.1152 0.2114
2020 0.0874 0.0139 0.0014 0.0750 0.0161 0.1064 0.1938
2021 0.0904 0.0060 0.0020 0.0750 0.0176 0.1006 0.1910
2022 0.0915 0.0140 0.0058 0.0657 0.0162 0.1017 0.1932
2023 0.0779 0.0134 0.0057 0.0544 0.0146 0.0881 0.1660
Source: Contra Costa County Auditors Controller's Office -

0.0200

0.0400

0.0600

0.0800

0.1000

0.1200

0.1400
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
City of San Ramon Direct Rate Bay Area Rapid Transit East Bay Regional Park San Ramon Unified School District Contra Costa County Community Colleges Subtotal Overlapping Rate 187

5.5.a
Packet Pg. 541 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PRINCIPAL SALES TAX PRODUCERS
FOR THE YEAR ENDED JUNE 30, 2023

FIRM BUSINESS DESCRIPTION

CANARY MARKETING PROMOTIONAL PRODUCTS SUPPLIER

CHEVRON FUEL & SERVICE STATIONS

CTI CONTROLTECH HEAVY INDUSTRIAL EQUIPMENT SUPPLIER

COSTCO GAS STATION FUEL & SERVICE STATIONS

DEVIL MOUNTAIN WHOLESALE NURSERY NURSERY

ELEASE RETURNS USED AUTOMOTIVE DEALERS

FUEL & MARINE MARKETING MARINE LUBRICANTS & RESIDUAL FUELS

HELLER JEWELERS JEWELRY STORE

HOME DEPOT BUILDING MATERIALS STORE

HOME GOODS DISCOUNT RETAIL STORE
LONGI SOLAR TECHNOLOGY US, INC. RENEWABLE ENERGY

MARTIN MARIETTA BUILDING MATERIALS WHOLESALE

OKONITE COMPANY INSULATED WIRE/CABLE MANUFACTURER

SAFEWAY FUEL FUEL & SERVICE STATIONS

SAFEWAY STORES SUPERMARKETS

SIEMENS ENERGY RENEWABLE ENERGY

TARGET DEPARTMENT STORES

TOTAL WINE & MORE LIQUOR STORE
Source: Hdl Companies
188

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Packet Pg. 542 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) (This Page intentionally left blank.)

5.5.a
Packet Pg. 543 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PRINCIPAL PROPERTY TAXPAYERS

CURRENT FISCAL YEAR AND NINE YEARS AGO
2023
Taxpayer Assessed Valuation Rank
% of Total
Taxable
Assessed Value
Sunset Building Co. LLC/Sunset Land Co. LLC 454,392,873 $ 1 1.74% Chevron USA Inc. 375,898,251 2 1.44%
2600 CR LLC 346,172,041 3 1.33%
Shapell Industries Inc. 314,006,401 4 1.20%
Essex Portfolio LP/Essex San Ramon Partners LP 298,171,118 5 1.14% SDC 7 154,468,989 6 0.59%
BRE Properties Inc. 138,651,178 7 0.53%
Alexander Properties Co. 113,032,501 8 0.43%
Aeonian Partners LP 112,864,453 9 0.43%
Summerhill City Village LLC 108,000,000 10 0.41%
Total $ 2,415,657,805
2022-2023 Assessed Valuation: $ 26,569,926,467
2013-2014 Assessed Valuation: $ 15,522,414,815
Source: California Municipal Statistics, Inc.

Sunset Building Co. LLC/Sunset Land Co. LLC
Chevron USA Inc.
2600 CR LLC
Shapell Industries Inc.

Essex Portfolio LP/Essex San Ramon Partners LP
SDC 7
BRE Properties Inc.

Alexander Properties Co.

Aeonian Partners LP
Summerhill City Village LLC
190

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Packet Pg. 544 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) 2014
Taxpayer Assessed Valuation Rank
% of Total
Taxable
Assessed Value
Sunset Building Co. LLC/Sunset Land Co. LLC 362,000,180 $ 1 2.33% Chevron USA Inc. 333,832,192 2 2.15%
Shapell Industries Inc. 296,802,450 3 1.91%
Essex Portfolio LP/ Essex S.R.Partners LP 210,087,837 4 1.35% SDC 7 162,377,659 5 1.05%
Annabel Investment Company 123,147,414 6 0.79%
Alexander Properties Company 97,378,924 7 0.63%
San Ramon Regional Medical Center 69,491,243 8 0.45%
FR Crow Canyon Fee Owner LLC 65,145,363 9 0.42%
BRE Properties Inc. 56,867,778 10 0.37%
$ 1,777,131,040
Sunset Building Co. LLC/Sunset Land Co. LLC
Chevron USA Inc.

Shapell Industries Inc.

Essex Portfolio LP/ Essex S.R.Partners LP
SDC 7
Annabel Investment Company
Alexander Properties Company
San Ramon Regional Medical Center
FR Crow Canyon Fee Owner LLC
BRE Properties Inc.
191

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Packet Pg. 545 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PROPERTY TAX LEVIES & COLLECTIONS

LAST TEN FISCAL YEARS
Fiscal Year Total Tax Levy* Amount
Percentage of
Levy Amount
Percentage of
Levy
2014 $ 11,786,675 $ 11,786,675 100% $ 11,786,675 100%
2015 12,693,581 12,693,581 100% 12,693,581 100%
2016 13,638,715 13,638,715 100% 13,638,715 100%
2017 14,350,584 14,350,584 100% 14,350,584 100%
2018 15,077,288 15,077,288 100% 15,077,288 100%
2019 15,813,441 15,813,441 100% 15,813,441 100%
2020 16,428,794 16,428,794 100% 16,428,794 100%
2021 17,094,563 17,094,563 100% 17,094,563 100%
2022 17,781,628 17,781,628 100% 17,781,628 100%
2023 18,993,436 18,993,436 100% 18,993,436 100%
Source: Contra Costa County Auditor-Controller's Office * Does not include Supplemental / Unitary & Operating Non-Unitary Collected within the Fiscal Year
of the Levy Total Collections to Date
0 5
10 15
20 25
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Millions
Total Tax Levy*
192

5.5.a
Packet Pg. 546 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Fiscal Year Certificates Pension Total Percent of Percent of Ended of Obligation Capital Premium on Outstanding Assessed Personal Per June 30 Participation Bonds Leases Debt Debt Value Income Capita 2014 11,345,000 2,742,390 16,990,000 490,722 31,568,112 0.2034% 1.3674% 269 2015 9,970,000 16,775,000 2,512,288 446,111 29,703,399 0.1749% 1.2664% 253 2016 8,535,000 16,520,000 2,294,415 401,500 27,750,915 0.1515% 1.1861% 243 2017 7,065,000 16,215,000 2,035,567 356,889 25,672,456 0.1323% 1.0674% 229 2018 5,550,000 15,860,000 1,761,425 312,278 23,483,703 0.1136% 0.9516% 216 2019 4,210,000 15,475,000 1,471,345 267,667 21,424,012 0.0987% 0.8545% 204 2020 23,395,000 1,233,404 15,070,000 3,532,194 43,230,598 0.1991% 1.7518% 204 2021 21,245,000 980,821 14,640,000 3,455,147 40,320,968 0.1713% 1.6100% 227 2022 20,090,000 712,980 37,530,000 3,337,159 61,670,139 0.2461% 2.4649% 496 2023 18,880,000 429,241 35,625,000 3,186,391 58,120,632 0.2187% 2.3488% 473 Source: City of San Ramon Finance Department

CITY OF SAN RAMON

RATIOS OF DEBT OUTSTANDING

LAST TEN FISCAL YEARS
$-
$10
$20
$30
$40
$50
$60
$70
Millions
Total Outstanding Debt
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
193

5.5.a
Packet Pg. 547 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Fiscal Year Certificates Pension Total Total Percentage Percentage Debt Ended of Obligation Premium on Governmental Primary of Assessed of Personal Per June 30 Participation (1) Bonds (1) Capital lease (1) Debt (1) Activities Government Value of Property (2) Income (3) Capita (4) 2014 11,345,000 16,990,000 2,742,390 490,722 31,568,112 31,568,112 0.20% 1.37% 269 2015 9,970,000 16,775,000 2,512,288 446,111 29,703,399 29,703,399 0.17% 1.27% 253 2016 8,535,000 16,520,000 2,294,415 401,500 27,750,915 27,750,915 0.15% 1.19% 243 2017 7,065,000 16,215,000 2,035,567 356,889 25,672,456 25,672,456 0.13% 1.07% 229 2018 5,550,000 15,860,000 1,761,425 312,278 23,483,703 23,483,703 0.11% 0.95% 216 2019 4,210,000 15,475,000 1,471,345 267,667 21,424,012 21,424,012 0.10% 0.85% 204 2020 23,395,000 15,070,000 1,233,404 3,532,194 43,230,598 43,230,598 0.20% 1.75% 240 2021 21,245,000 14,640,000 980,821 3,455,147 40,320,968 40,320,968 0.17% 1.61% 227 2022 20,090,000 37,530,000 712,980 3,337,159 61,670,139 61,670,139 0.25% 2.46% 496 2023 18,880,000 35,625,000 429,241 3,186,391 58,120,632 58,120,632 0.22% 2.35% 473 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.

The City is expressing total outstanding debt as a percentage of taxable assessed property values as provided by the Contra Costa County Auditor-Controller's Office.

The balance of Tax Allocation Bonds, Tax Revenue Bonds and HELP Loan was transferred to the Successor Agency as of February 1, 2012 Source: (1) City of San Ramon Finance Department
Source: (2) Contra Costa County Auditor-Controller's Office Source: (3) Bureau of Economic Analysis/State of California Franchise Tax Board Source: (4) Debt per Capita is calculated from total debt outstanding less reserves available Governmental Activities

CITY OF SAN RAMON

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
$0
$100
$200
$300
$400
$500
$600
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Outstanding Debt Per Capita
194

5.5.a
Packet Pg. 548 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) 2022-23 Assessed Valuation: $ 26,443,623,964
Total Debt City’s Share of
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2023 % Applicable (1) Debt 6/30/23 Bay Area Rapid Transit District $ 2,484,285,000 2.776% 68,963,752 $ Chabot-Las Positas Community College District 756,200,000 0.435% 3,289,470 Contra Costa Community College District 649,015,000 10.246% 66,498,077 San Ramon Valley Unified School District 383,235,000 44.072% 168,899,329 East Bay Regional Park District 175,955,000 4.395% 7,733,222 ABAG Windemere Ranch Community Facilities District No. 2004-2 26,037,253 100.000% 26,037,253 ABAG Windemere Ranch 1915 Act Bonds 50,687,618 100.000% 50,687,618 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 392,108,721
DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Contra Costa County General Fund Obligations 193,515,000 $ 10.481% 20,282,307 San Ramon Valley Unified School District General Fund Obligations 15,667,512 44.072% 6,904,986 City of San Ramon Certificates of Participation (incl premiums) 18,880,000 100.000% 18,880,000 City of San Ramon Pension Obligation 35,625,000 100.000% 35,625,000 City of San Ramon Capital Leases 429,241 100.000% 429,241 San Ramon Valley Fire Protection District Certificates of Participation 46,233,247 44.313% 20,487,339 GROSS DIRECT OVERLAPPING GENERAL FUND DEBT 102,608,873
Less: Contra Costa County Obligations supported from revenue funds (5,337,906) NET DIRECT AND OVERLAPPING GENERAL FUND DEBT 97,270,967 OVERLAPPING TAX INCREMENT DEBT (Successor Agency): $ 100% 47,292,369 47,292,369 $ TOTAL DIRECT DEBT $ 54,934,241
TOTAL GROSS OVERLAPPING DEBT $ 487,075,722
TOTAL NET OVERLAPPING DEBT $ 481,737,816
GROSS COMBINED TOTAL DEBT $ 542,009,963 (2)
NET COMBINED TOTAL DEBT $ 547,347,869
1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.
2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

Ratios to 2022-23 Assessed Valuation:

Total Overlapping Tax and Assessment Debt………………………….. 1.48% Total Direct Debt ($54,505,000)……………………………………… 0.21%
Gross Combined Total Debt……………………………………………. 2.05%
Net Combined Total Debt………………………………………………. 2.07%
Ratios to Redevelopment Successor Agency Incremental Valuation ($1,444,475,807):

Total Overlapping Tax Incremental Debt……………………………….. 3.27% Source: California Municipal Statistics, Inc.

CITY OF SAN RAMON

DIRECT AND OVERLAPPING DEBT
FOR THE YEAR ENDED JUNE 30, 2023
195

5.5.a
Packet Pg. 549 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) June 30,
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Debt limit 996,372,242.5125 $ 939,720,733 $ 882,505,286 $ 814,133,151 $ 814,133,151 $ 774,880,512 $ 727,932,627 $ 686,955,612 $ 636,899,324 $ 570,541,001 $ Total net debt applicable to limit 23,427,159 22,066,391 24,700,147 26,927,194 4,477,667 5,862,278 7,421,889 8,936,500 10,416,111 11,549,555 Legal debt margin 974,305,852 $ 916,293,574 $ 857,805,139 $ 787,205,957 $ 809,655,484 $ 769,018,234 $ 720,510,738 $ 678,019,112 $ 626,483,213 $ 558,991,446 $ Total net debt applicable to the limit
as a percentage of debt limit 2.2% 2.5% 2.8% 3.3% 0.5% 0.8% 1.0% 1.3% 1.6% 2.0% Legal Debt Margin Calculation:

Converted assessed value (at 25% of Taxable Value) 6,642,481,617 $ Debt limit (15% of assessed value) 996,372,243 $
Debt applicable to limit: Certificates of Participation 22,066,391 Legal debt margin 974,305,852 $
The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcelis now assessed at 100% of market value (as of the most recent change in ownershipfor that parcel). Although the statutory debt limit has not been amended by the State since this change, the percentages presented in the above computations have been proportionatelymodified to 3.75% (25% of 15%) for the purpose of this calculation in order to be consistent with the computational effect of the debt limit at the time of the state's establishment of the limit.

CITY OF SAN RAMONLEGAL DEBT MARGINLAST TEN FISCAL YEARSSource: City Finance Department 196

5.5.a
Packet Pg. 550 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PLEDGED-REVENUE COVERAGE

LAST TEN FISCAL YEARS
Tax
Fiscal Year Increment Principal * Interest * Coverage
2014 $ - $ - $ - $ -
2015 - - - -
2016 - - - -
2017 - - - -
2018 - - - -
2019 - - - -
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -
Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements.

Principal and interest payments are recorded through January 31, 2012.

Source: City Finance Department
Debt Service
Tax Allocation Bonds
* The balance of the Tax Allocation Bonds was transferred to the Successor Agency as of February 1, 2012.
197

5.5.a
Packet Pg. 551 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

DEMOGRAPHICS STATISTICS

LAST TEN FISCAL YEARS
Fiscal Year
City of San Ramon
Population (1)
Percent Change
In Population
City of San
Ramon Personal
Income (2) *
City of San Ramon
Per Capita
Income (3)
2014 77,270 1.4% 2,308,609 72,315
2015 78,561 1.6% 2,345,546 73,472
2016 78,363 -0.3% 2,339,682 73,291
2017 80,550 2.8% 2,405,193 75,343
2018 82,643 2.6% 2,467,728 77,302
2019 83,957 1.6% 2,507,212 78,539
2020 83,118 -1.0% 2,482,140 77,753
2021 83,863 0.9% 2,504,479 78,453
2022 83,820 -0.1% 2,501,975 78,375
2023 82,870 -1.1% 2,474,453 77,513
Note: City of San Ramon personal income for years 2014-2023 and City of San Ramon per capita income for 2014-2023 are estimates based upon the percent of change in population as provided by the Department of Commerce, Bureau of Economic Analysis.

Source: (1) State of California Department of Finance
(2) State of California Franchise Tax Board
(3) State of California Employment Development Department (4) Bureau of Economic Analysis
* In Thousands
6%
7%
8%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
City Population as a Percentage of County Population
0 1,000,000
2,000,000
3,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Contra Costa County Population (1)
198

5.5.a
Packet Pg. 552 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

DEMOGRAPHICS STATISTICS
LAST TEN FISCAL YEARS (Continued)
City of San Ramon
Unemployment Rates
(3)
Contra Costa County
Population (1)
Contra Costa County Per Capita Income
(4)

2.80% 1,087,008 64,152

3.30% 1,102,871 69,234

3.30% 1,123,429 72,698

2.80% 1,139,513 77,211

2.90% 1,149,363 81,442

2.30% 1,155,879 85,324

5.70% 1,153,561 Not Available

4.00% 1,153,854 Not Available

2.80% 1,156,555 Not Available

3.80% 1,147,653 Not Available
$0
$20,000
$40,000
$60,000
$80,000
$100,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
City of San Ramon Per Capita…

0.00%

2.50%

5.00%

7.50%

10.00%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
City of San Ramon Unemployment Rates (3)
199

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Packet Pg. 553 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

ANNUAL AVERAGE EMPLOYMENT

AND UNEMPLOYMENT RATES

LAST TEN FISCAL YEARS
Fiscal Year
City of
San Ramon
Labor Force
City of
San Ramon
County of
Contra Costa
State of
California
2014 29,500 2.8% 7.0% 8.5%
2015 39,700 3.3% 4.9% 6.2%
2016 39,800 3.3% 4.9% 5.7%
2017 39,900 2.8% 4.1% 4.9%
2018 40,100 2.9% 3.5% 4.5%
2019 39,900 2.3% 3.2% 3.7%
2020 38,400 5.7% 7.9% 9.0%
2021 37,400 5.3% 7.0% 7.6%
2022 42,600 2.4% 3.4% 4.0%
2023 42,800 4.2% 4.1% 4.9%
Source: State of California Employment Development Department Annual Average Unemployment Rates

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
City of
San Ramon
County of
Contra Costa
State of California
200

5.5.a
Packet Pg. 554 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

PRINCIPAL EMPLOYERSCURRENT FISCAL YEAR AND NINE YEARS AGO Employer
Number of
Employees
Percent of Total
Employment Employer
Number of
Employees
Percent of Total
Employment
Chevron USA Inc 2,226 5.20% Chevron USA Inc 3,942 13.50%PG&E 2,203 5.15% Bank of the West 1,600 5.48%Robert Half International Inc. 1,628 3.80% AT&T 1,227 4.20%Bank of the West 1,600 3.74% Robert Half International Inc. 1,145 3.92%San Ramon Regional Medical Center 650 1.52% Sprint PCS 750 2.57%Primed Management Consulting 453 1.06% San Ramon Regional Medical Center 706 2.42%United Parcel Service 332 0.78% General Electric Company 600 2.05%Target Corporation 232 0.54% Primed Management Consulting 450 1.54%Home Depot 198 0.46% PG&E 415 1.42%Armanino LLP 190 0.44% IBM Corporation 401 1.37%Source: City of San Ramon Planning Department 2023 2014
201

5.5.a
Packet Pg. 555 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 General Government
Management Services 10 10.00 9.00 10.00 10.00 9.00 9.00 9.00 9.00 7.00 Administrative Services 19 19.00 19.00 20.00 20.00 20.00 19.00 18.00 17.00 17.00 Total General Government 29.00 29.00 28.00 30.00 30.00 29.00 28.00 27.00 26.00 24.00 Community Development
Planning Services 9.00 9.00 9.00 8.00 8.00 8.00 8.00 8.00 8.00 7.00 Transportation Services* - - - - - - - 4.00 - 2.00
Building Services 13.00 12.00 10.00 9.00 9.00 9.00 9.00 9.00 11.00 9.00 Total Community Development 22.00 21.00 19.00 17.00 17.00 17.00 17.00 17.00 21.00 20.00 Public Works
Engineering Services 21.00 21.00 20.00 20.00 20.50 20.50 20.50 20.50 21.00 21.00 Transportation Services* 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 - - Public Services 81.75 81.75 79.75 79.75 77.25 76.25 75.25 72.25 71.50 71.30 Total Public Works 106.75 106.75 103.75 103.75 101.75 100.75 99.75 96.75 92.50 92.30 Public Safety
Sworn 70.00 69.00 69.00 69.00 69.00 69.00 66.00 65.00 62.00 58.00 Non-Sworn 19.00 20.00 19.00 19.00 19.00 18.00 17.00 18.00 19.50 19.50 Total Public Safety 89.00 89.00 88.00 88.00 88.00 87.00 83.00 83.00 81.50 77.50 Parks and Community Services 34.00 34.00 34.00 34.00 33.00 33.00 33.00 35.00 31.80 31.80 Economic Development/Redevelopment - - - - - - - - - -
Grand Total 280.75 279.75 272.75 272.75 269.75 266.75 260.75 258.75 252.80 245.60 Source: Various City Departments
* In 2016 the Transportation Services Division was transferred from Community Development to Public Works Department.

CITY OF SAN RAMON

FULL-TIME EQUIVALENT (FTE) CITY GOVERNMENT EMPLOYEES BY FUNCTION

LAST TEN FISCAL YEARS
0 10
20 30
40 50
60 70
80 90
100
110
120
2023 2022 2021 2020 2019 2018 2017 2016

FTE COUNT
General Government Community Development
Public Works Public Safety
Parks and Community Services Economic Development/Redevelopment 202

5.5.a
Packet Pg. 556 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Police
Arrests 502 624 533 567 512 538 548 532 602 508
Warning/parking violations 748 857 472 458 689 726 1,022 1,841 1,694 1,644 Moving traffic violations 2,557 2,484 1,062 3,509 5,790 5,328 4,880 6,178 6,246 8,602 Patrol Activity 65,924 66,025 69,421 76,534 74,417 64,284 65,829 78,741 72,556 59,272 Public Services
Potholes repaired 45 59 28 93 163 110 114 107 125 134
Light/Signal repairs 65 249 590 234 271 138 162 121 149 169 USA inspections 2,994 3,900 3,100 2,852 2,657 14,141 3,240 3,178 4,284 1,764 Street light Repairs 238 359 199 134 166 128 134 158 201 295 Sign repair 223 166 108 118 173 183 173 114 242 279
Sidewalk repairs 395 583 654 1,485 257 145 187 135 244 141 Graffiti abatement 156 104 123 54 49 58 54 64 67 59
Trim notices 35 44 41 40 20 80 140 95 12 128
Vehicle lube, oil, filter 109 128 63 79 126 187 147 141 15 132 Irrigation repairs 1,762 5,179 7,961 6,618 10,137 24,988 10,111 17,390 15,387 18,843 Encroachment Permits 485 507 527 459 429 338 358 413 418 400 Parks and Community Services Swimming pool admissions 57,770 60,000 60,606 49,298 53,794 60,757 70,028 77,967 82,236 79,404 Leisure class participants 20,981 17,912 264 13,930 24,470 25,135 18,945 23,090 23,450 24,737 Library books circulated *** 401,519 416,408 290,489 445,140 635,104 586,189 470,861 464,054 688,104 717,239 Youth sport league participants * 645 2,693 15 5,467 6,165 6,982 6,555 6,140 5,836 5,008 Adult sport league teams ** 164 89 61 54 81 188 151 159 173 196 Senior center drop in participants 15,476 10,919 - 15,009 27,947 28,524 28,348 42,892 42,387 31,831 Community center facility rentals 1,451 1,025 44 356 788 789 774 659 513 465 Planning
Building permits 11,554 10,746 9,289 8,637 9,089 8,410 2,781 2,812 9,368 10,033 Home Occupation permits 102 139 183 134 172 159 193 191 180 201 Building applications processed 3,515 3,582 3,245 2,825 2,858 2,847 3,328 3,529 2,721 2,854 Planning applications processed 277 365 277 290 382 330 354 337 360 197 Code enforcement cases 290 430 510 213 398 520 685 495 598 580 Inspections 14,368 14,700 18,271 17,097 19,716 19,306 18,137 16,531 15,828 17,424 CITY OF SAN RAMONOPERATING INDICATORS BY FUNCTION/PROGRAMLAST TEN FISCAL YEARSSource: Various City Departments* Does not include sports camps as in previous years; sports camps are included in leisure class participants.** Only includes PCS Adult sport league teams as of 2011-12*** 2016 and 2017 Library books circulated decrease is due to the closure of the Main Library for renovation. 203

5.5.a
Packet Pg. 557 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) Function 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Police
Stations 22222 22222
Patrol units 81 80 80 80 81 81 66 64 62 60
Public Services
Streets (miles) 246 241 241 241 241 241 241 235 234 222 Catch basins 4580 4559 4559 4535 4535 4535 4433 4319 4288 4276Streetlights 7000 7000 7000 6995 6995 6995 6971 6857 6833 6818Traffic signals 101 101 100 100 100 100 99 99 97 98Landscape acreage 463 463 459 454 454 452 448 446 444 434 Parks 64 64 64 63 63 63 63 63 62 62
Parks acreage 375 375 375 374 374 374 372 372 365 365Open space/trails acreage 220 220 220 220 220 220 220 220 220 210 Fountains 6 6 6 68888 87Pools 5 5 5 55555 55Vehicles 101 90 90 81 81 74 75 69 71 71 Parks and Community Services
Swimming pools 22222222 22
Tennis courts 26 26 26 26 26 26 26 26 26 24
Community centers 44444444 43Community gymnasiums 22222222 22Libraries 22222222 22Historic properties 11111111 11Skate parks 11111111 11Theaters 22222222 22 CITY OF SAN RAMONCAPITAL ASSETS STATISTICS BY FUNCTIONLAST TEN FISCAL YEARSSource: Various City Departments 204

5.5.a
Packet Pg. 558 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

CITY OF SAN RAMON

MISCELLANEOUS STATISTICAL DATA
June 30, 2023
Date of Incorporation July 1, 1983
Form of Government Council/City Manager (Charter City)
Population (1/1/2023 State Finance Department) 82,870
Number of Authorized City Employees 280.75
Median Age 41.8
Median Household Income 173,519
Registered Voters (May 2020) 49,435
Area in Square Miles 18.56
Miles of Streets:

Lane miles 502
Center miles 241
Fire Protection:

San Ramon Valley Fire Protection District
Number of Stations4
Police Protection:

Number of Stations1
Number of Sworn Personnel 70
Education:

Elementary Schools 12
Middle Schools4
High Schools2
Community College1
Libraries: (Contracted with Contra Costa County)
Number of Libraries2
Number of Volumes 122,288
Recreation and Culture:

Park Sites 64
Park Acreage 375
Community Facilities:

San Ramon Community Center2
Senior Center1
Dougherty Valley Station Community Center1
Performing Arts Theater2
Hospital1
Building Permits Issued: 11,554
Source: Various City of San Ramon Department Records
205

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Packet Pg. 559 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr) (This Page intentionally left blank.)

5.5.a
Packet Pg. 560 Attachment: A: Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2023 (4355 : Fy 22-23 Acfr)

City Council Finance CommitteeMay 13, 2024

City Council Finance Committee
May 13, 2024