For the year ended June 30, 2025, the City recognized OPEB expense of $5,553,028. At June 30, 2025, 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 2,588,068 $ - $ Differences between actual and expected experience 3,587,460 - Changes of assumptions 3,171,857 (2,942,189)
Net differences between projected and actual earnings on plan investments 937,558 -
Total 10,284,943 $ (2,942,189) $
$2,588,068 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, 2026. 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
2026 $ 1,272,540
2027 2,135,935
2028 616,361
2029 563,363
2030 151,172
Thereafter 15,315
Total $ 4,754,686
80 9.2.a
Packet Pg. 270 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2025
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) based in Walnut Creek, CA. 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 serves as 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 the following insurance:
Participating Citys
Total Coverage Deductible
General Liability $29 million $5,000
All-Risk Fire and Property, including Flood
$1 billion max coverage
for all risks; $25 million
for flood
$25,000-all-risk $150,000 for water damage $100,000
minimum deductible for Flood claims per occurance,
except Zones A & V, which have $500,000 minimum
deductible per occurance
Boiler and machinery $75 million $10,000
Auto - physical damage $250,000 per occurance
$3,000 for police vehicles and $2,000 for all other
vehicles
Worker's compensation Statutory Limit $500,000 insured retention (SIR) - No deductible Pollution liability $2 million $250,000
Cyber liability $2 million $50,000
Government Crime $5 million $2,500
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.
The City purchases Crime insurance directly through Alliant Insurance Services, Inc. ($1 million coverage, $2,500 deductible), as well as Earthquake insurance ($50 million coverage, deductible of 10% of total insured values to a minimum of $50 million per occurrence).
81 9.2.a
Packet Pg. 271 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2025
NOTE 14 – RISK MANAGEMENT (Continued)
(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, 2025 and June 30, 2024, respectively, was estimated by management and based on MPA’s claims experience, and was computed as follows:
2025 2024
Claims Claims
Liability Liability
Beginning claims payable balance 167,032 $ $ 209,713
Claims incurred in current year 41,317 38,325
Claims paid (77,964) (81,006)
Ending claims payable balance $ 130,385 $ 167,032
Current portion $ 130,385 $ 167,032
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.
82 9.2.a
Packet Pg. 272 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2025
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (Continued) 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 new 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 CityWalk 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. The BR 3A Agreement was amended (Amendment 1) to address the legal descriptions associated with the legacy hotel project covered under the prior City Center approvals and Agreement that is still in force.
On December 3, 2024, the Amendment 1 to CityWalk BR 1A and BR 2600 and Amendment 2 to the CityWalk BR 3A agreements were executed by the respective parties. The Amendments addressed the relocation of the Police Substation to the City Center Retail Center, and an update of the timing of public improvements consistent with the prior commitments, public benefits, and reflecting revisions to potential construction schedules for the timing of project components.
(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).
83 9.2.a
Packet Pg. 273 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2025
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (Continued) 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 2025, the amount of property taxes received by the Contra Costa County under the agreement was $1,807,264. (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. (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 2023-24, the City did not receive payments due to a new interagency agreement authorized on May 26, 2020 for the Joint Public Safety Complex.
84 9.2.a
Packet Pg. 274 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2025
NOTE 15 – DEVELOPER AGREEMENTS AND TAX SHARING AGREEMENTS (Continued) (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 the most recent statement as of June 30, 2025 (dated July 22, 2025), the outstanding loan amount was $242,441.
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.
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REQUIRED SUPPLEMENTARY INFORMATION
9.2.a
Packet Pg. 277 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Total Pension Liability
Service Cost $ 3,098,911 2,878,989 $ 3,476,565 $ 3,525,409 $ 3,755,429 $ Interest on Total Pension Liability 8,844,191 8,236,308 9,359,296 9,984,181 10,758,879 Changes of Assumptions - (2,125,794) 8,124,508 (1,264,366) - Changes of Benefit Terms - - - - -
Differences between Expected and Actual Experience 859,787 269,589 (926,508) 1,712,222 2,415,967 Benefit Payments, including Refunds of
Employee Contributions (3,689,418) (3,407,918) (4,392,615) (4,744,359) (5,666,944) Net change in total pension liability 6,441,372 8,523,273 15,641,246 9,213,087 11,263,331 Total pension liability - beginning 109,194,625 115,635,997 124,159,270 139,800,516 149,013,603 Total pension liability - ending (a) $ 115,635,997 $ 124,159,270 $ 139,800,516 $ 149,013,603 $ 160,276,934 Plan fiduciary net position
Contributions - Employer $ 2,609,080 2,324,159 $ 2,762,063 $ 2,994,787 $ 3,438,169 $ Contributions - Employee 1,335,799 1,411,367 1,418,316 1,499,052 1,528,829 Net Investment Income 2,250,869 542,297 11,717,164 9,797,196 8,271,435 Benefit Payments, including Refunds of
Employee Contributions (3,689,418) (3,407,918) (4,392,615) (4,744,359) (5,666,944) Net Plan to Plan Resource Movement 18 - 3,951 (291) -
Administrative Expense (118,214) (63,996) (156,230) (182,581) (90,049) Other Miscellaneous Income/ (Expense) - - - (346,724) 291 Net change in Fiduciary Net Position 2,384,713 809,330 11,352,649 9,017,080 7,481,731 Plan fiduciary net position - beginning 102,621,789 105,006,502 105,815,832 117,168,481 126,185,561 Plan fiduciary net position - ending (b) $ 105,006,502 $ 105,815,832 $ 117,168,481 $ 126,185,561 $ 133,667,292 Net pension liability - ending (a)-(b) $ 10,629,495 $ 18,343,438 $ 22,632,035 $ 22,828,042 $ 26,609,642 Plan fiduciary net position as a percentage of the
total pension liability 90.81% 85.23% 83.81% 84.68% 83.40% Covered payroll $ 17,838,272 16,576,119 $ 18,178,704 $ 18,746,192 $ 20,066,378 $ Net pension liability as percentage of covered payroll 64.13% 102.83% 124.50% 121.77% 132.61% Discount Rate 7.65% 7.15% 7.15% 7.15% 7.15%
Notes to Schedule:
MISCELLANEOUS PLAN
An Agent Multiple-Employer Defined Pension Plan
Last 10 Years
SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Benefit Changes: The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.
Changes in assumptions: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017, through June 30, 2021, and 7.65% for measurement dates June 30, 2015, through June 30, 2016. 88 9.2.a
Packet Pg. 278 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024
$ 3,722,031 $ 3,749,626 $ 4,237,685 $ 4,403,144 $ 4,522,812 11,595,929 12,228,073 12,899,711 13,673,067 14,472,292
- 6,694,817 - - -
- - - 137,424 -
3,309,316 628,393 779,968 2,101,978 2,498,254
(6,532,902) (7,705,037) (7,827,302) (8,675,615) (9,427,093) 12,094,374 8,901,055 16,784,879 11,639,998 12,066,265
160,276,934 172,371,308 181,272,363 198,057,242 209,697,240 $ 172,371,308 $ 181,272,363 $ 198,057,242 $ 209,697,240 $ 221,763,505 $ 3,979,613 $ 4,642,099 $ 24,058,195 $ 3,702,982 $ 4,135,566 1,545,644 1,568,718 1,603,059 1,660,766 1,895,490
6,651,048 31,174,067 (13,629,302) 10,513,546 17,070,314 (6,532,902) (7,705,037) (7,827,302) (8,675,615) (9,427,093) - - - - -
(188,438) (138,975) (105,067) (127,042) (146,334)
- - - - -
5,454,965 29,540,872 4,099,583 7,074,637 13,527,943
133,667,292 139,122,257 168,663,129 172,762,712 179,837,349 $ 139,122,257 $ 168,663,129 $ 172,762,712 $ 179,837,349 $ 193,365,292 $ 33,249,051 $ 12,609,234 $ 25,294,530 $ 29,859,891 $ 28,398,213
80.71% 93.04% 87.23% 85.76% 87.19%
$ 22,294,661 $ 20,298,340 $ 20,763,505 $ 22,568,651 $ 23,349,569 149.13% 62.12% 121.82% 132.31% 121.62%
7.15% 7.15% 6.90% 6.90% 6.90%
89 9.2.a
Packet Pg. 279 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year Ended June 30 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Actuarially determined contribution $ 2,755,597 2,601,374 $ 1,970,001 $ 3,436,541 $ 3,979,422 $ Contributions in relation to the
actuarially determined contributions (2,755,597) (2,601,374) (1,970,001) (3,436,541) (3,979,422) Contribution deficiency (excess) $ - - $ - $ - $ - $
Covered payroll $ 18,178,704 17,838,272 $ 18,746,192 $ 20,066,378 $ 22,294,661 $ Contributions as a percentage of covered
payroll 14.58% 15.16% 10.51% 17.13% 17.85%
Notes to Schedule
Valuation date: 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 An Agent Multiple-Employer Defined Pension Plan
Last 10 Years
SCHEDULE OF CONTRIBUTIONS
MISCELLANEOUS PLAN
90 9.2.a
Packet Pg. 280 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
$ 24,058,195 4,640,627 $ 3,572,218 $ 4,801,377 $ 4,635,979 $ (24,058,195) (4,640,627) (3,572,218) (4,801,377) (4,635,979) $ - $ - $ - $ - $ -
$ 20,298,340 $ 20,763,505 $ 23,065,992 $ 23,905,814 $ 23,852,524
22.86% 115.87% 15.49% 20.08% 19.44%
6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023
91 9.2.a
Packet Pg. 281 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Safety - Total
Plan's proportion of the Net Pension Liability 0.93720% 0.97490% 0.10633% 0.10888% 0.11920% Plan's proportion share of the Net Pension Liability $ 5,049,024 3,861,735 $ 6,353,412 $ 6,388,323 $ 7,441,007 $ Plan's Covered Payroll $ 8,472,705 7,654,536 $ 8,940,160 $ 9,293,702 $ 10,002,895 $ Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 50.45% 59.59% 71.07% 68.74% 74.39% Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 78.40% 74.06% 73.31% 75.26% 73.37%
Discount Rate 7.65% 7.15% 7.15% 7.15% 7.15%
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 9.2.a
Packet Pg. 282 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024
0.13446% 0.03728% 0.11867% 0.14699% 0.14674%
$ 8,958,459 $ 1,308,301 $ 8,154,476 $ 10,987,039 $ 10,698,487 $ 9,896,996 $ 9,923,524 $ 10,791,517 $ 10,874,596 $ 12,083,904
90.52% 13.18% 75.56% 101.03% 88.54%
73.10% 86.61% 75.53% 74.87% 78.08%
7.15% 7.15% 6.90% 6.90% 6.90%
93 9.2.a
Packet Pg. 283 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year Ended June 30 2016 2017 2018 2019 2020
Safety
Actuarially determined contribution $ 1,870,592 1,750,732 $ 2,035,346 $ 2,319,120 $ 2,450,995 $ Contributions in relation to the actuarially determined contributions (1,750,732) (1,870,592) (2,035,346) (2,319,120) (2,450,995) Contribution deficiency (excess) $ - - $ - $ - $ - $
Covered payroll $ 8,940,160 8,472,705 $ 9,293,702 $ 10,002,895 $ 9,896,996 $ Contributions as a percentage of covered payroll 20.66% 20.92% 21.90% 23.18% 24.77%
SAFETY PLAN
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years
SCHEDULE OF CONTRIBUTIONS
94 9.2.a
Packet Pg. 284 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
2021 2022 2023 2024 2025
$ 2,690,755 $ 7,291,698 $ 2,453,168 $ 2,997,012 $ 3,286,267 (2,690,755) (7,291,698) (2,453,168) (2,997,012) (3,286,267) $ - $ - $ - $ - $ -
$ 9,923,524 $ 10,791,517 $ 10,874,596 $ 12,083,904 $ 14,054,320
27.11% 67.57% 22.56% 24.80% 23.38%
95 9.2.a
Packet Pg. 285 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Miscellaneous - Total
Plan's proportion of the Net Pension Liability (Asset) 0.00328% 0.00321% 0.00138% 0.00141% 0.00139% Plan's proportion share of the Net Pension Liability (Asset) $ 111,562 90,064 $ 54,228 $ 53,225 $ 55,550 $ 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% 73.37%
Discount Rate 7.65% 7.15% 7.15% 7.15% 7.15%
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 9.2.a
Packet Pg. 286 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024
0.00137% 0.00183% 0.00309% 0.00298% 0.00287%
$ 34,796 57,567 $ 144,361 $ 149,088 $ 138,663 $
$ - $ - $ - $ - $ -
75.10% 94.49% 78.19% 77.97% 79.91%
7.15% 7.15% 6.90% 6.90% 6.90%
97 9.2.a
Packet Pg. 287 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year Ended June 30 2016 2017 2018 2019 2020
Miscellaneous
Actuarially determined contribution $ 1,917 $ 4,021 $ 4,021 $ 5,093 $ 5,338 Contributions in relation to the actuarially determined contributions (1,917) (4,021) (4,021) (5,093) (5,338)
Contribution deficiency (excess) $ - $ - $ - $ - $ -
SCHEDULE OF CONTRIBUTIONS
Dougherty Regional Fire Authority - Miscellaneous Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years
98 9.2.a
Packet Pg. 288 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
2021 2022 2023 2024 2025
$ 7,091 $ 5,960 $ 15,272 $ 384,077 $ 19,074
(7,091) (5,960) (15,272) (384,077) (19,074)
$ - $ - $ - $ - $ -
99 9.2.a
Packet Pg. 289 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 Measurement Date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Safety - Total
Plan's proportion of the Net Pension Liability (Asset) 0.06207% 0.06921% 0.07039% 0.07383% 0.07562% Plan's proportion share of the Net Pension Liability (Asset) $ 3,584,354 2,557,717 $ 4,205,831 $ 4,331,776 $ 4,720,832 $ 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% 73.37%
Discount Rate 7.65% 7.15% 7.15% 7.15% 7.15%
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
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Packet Pg. 290 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024
0.07469% 0.08347% 0.17793% 0.11428% 0.10560%
$ 2,929,477 4,976,352 $ 12,226,600 $ 8,542,486 $ 7,699,342 $ $ - - $ - $ - $ - $
73.10% 86.61% 75.53% 74.87% 76.66%
7.15% 7.15% 6.90% 6.90% 6.90%
101
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Packet Pg. 291 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year Ended June 30 2016 2017 2018 2019 2020
Safety
Actuarially determined contribution $ 85,493 47,093 $ 139,401 $ 383,069 $ 462,099 $ Contributions in relation to the actuarially determined contributions (47,093) (85,493) (139,401) (383,069) (462,099) Contribution deficiency (excess) $ - - $ - $ - $ - $
Dougherty Regional Fire Authority - Safety Plan
Cost-Sharing Multiple-Employer Defined Pension Plan
Last 10 Years
SCHEDULE OF CONTRIBUTIONS
102
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Packet Pg. 292 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
2021 2022 2023 2024 2025
$ 613,092 $ 504,726 $ 1,291,368 $ 9,127 $ 1,060,007
(613,092) (504,726) (1,291,368) (9,127) (1,060,007)
$ - $ - $ - $ - $ -
103
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Packet Pg. 293 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
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) $ 27,838,370 $ 29,842,604 $ 32,681,691 Plan fiduciary net position
Contributions - employer $ 2,533,034 $ 538,318 $ 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 1,146,444 1,727,589 Plan fiduciary net position - beginning 24,926,077 28,245,592 29,086,366 Plan fiduciary net position - ending (b) $ 28,245,592 $ 29,392,036 $ 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% 98.49% 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. 294 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024
$ 1,006,540 979,601 $ 791,800 $ 1,029,240 $ 1,036,320 $ 2,133,805 2,217,350 2,456,783 2,395,450 2,585,043
- - - - -
2,049,882 - 14,311 3,500,381 8,646
(2,475,853) - 5,279,367 (741,565) (1,512,728)
(1,206,708) (1,508,627) (1,665,501) (1,778,632) (1,834,145) (534,423) (460,335) (576,125) (611,026) (745,419)
1,446,363 754,869 6,300,635 3,793,848 (462,283)
32,681,691 34,128,054 34,882,923 41,183,558 44,977,406
$ 34,882,923 34,128,054 $ 41,183,558 $ 44,977,406 $ 44,515,123 $ $ 1,808,627 1,206,708 $ 1,665,501 $ - $ - $
534,423 460,335 576,125 611,026 745,419
1,685,464 6,444,525 (4,969,140) 1,230,260 2,778,820
(15,625) (17,757) (9,989) (17,006) (10,940)
(534,423) (460,335) (576,125) (611,026) (745,419)
- - (22,267) 14,627 (7,958)
(1,206,708) (1,508,627) (1,665,501) (1,778,632) (1,834,145) 1,669,839 6,726,768 (5,001,396) (550,751) 925,777
31,119,625 32,789,464 39,516,232 34,514,836 33,964,085
$ 39,516,232 32,789,464 $ 34,514,836 $ 33,964,085 $ 34,889,862 $ $ (4,633,309) 1,338,590 $ 6,668,722 $ 11,013,321 $ 9,625,261 $
96.08% 113.28% 83.81% 75.51% 78.38%
$ 31,416,882 32,969,072 $ 26,500,255 $ 33,940,588 $ 36,020,512 $
4.06% (14.75%) 25.16% 32.45% 26.72%
105
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Packet Pg. 295 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
Fiscal Year 2018 2019 2020 2021
Actuarially determined contribution $ 1,184,356 $ 1,343,326 $ 1,612,619 $ 1,400,270 Less: Contributions Made in
Relation to the ADC 2,533,034 538,318 1,206,837 1,667,043 Contribution deficiency (excess) $ (1,348,678) $ 805,008 $ 405,782 $ (266,773) Covered-employee payroll $ 30,618,811 $ 33,203,415 $ 32,969,072 $ 31,416,882 Contributions as a percentage of
covered-employee payroll 8.27% 1.62% 3.66% 5.31%
* 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. 296 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
REQUIRED SUPPLEMENTARY INFORMATION
Fiscal Year Ended June 30, 2025
2022 2023 2024 2025
$ 1,377,887 $ 2,241,626 $ 2,321,485 $ 2,120,006
2,339,603 2,241,626 611,026 2,527,658
$ (961,716) $ - $ 1,710,459 $ (407,652)
$ 26,500,255 $ 33,940,588 $ 36,020,512 $ 37,029,086
8.83% 6.60% 1.70% 6.83%
107
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Packet Pg. 297 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual (Negative)
REVENUES
Taxes $ 48,720,193 $ 48,720,193 $ 51,970,093 $ 3,249,900 Licenses and permits 3,515,750 3,515,750 4,007,136 491,386 Intergovernmental 1,915,750 1,915,750 3,471,269 1,555,519 Charges for services 6,812,435 6,812,435 6,278,317 (534,118) Fines and forfeitures 305,000 305,000 166,864 (138,136) Investment income 544,448 544,448 1,490,419 945,971
Miscellaneous 4,510,733 4,510,733 4,244,938 (265,795)
TOTAL REVENUES 66,324,309 66,324,309 71,629,036 5,304,727
EXPENDITURES
Current:
General government 10,847,520 10,887,520 10,381,501 506,019 Community development 5,795,365 5,788,770 4,992,548 796,222 Police services 19,598,559 20,728,430 20,588,396 140,034 Public works 18,328,122 18,691,539 16,749,178 1,942,361 Parks and community services 8,818,065 8,969,612 8,728,591 241,021 TOTAL EXPENDITURES 63,387,631 65,065,871 61,440,214 3,625,657 Excess (deficiency) of revenue
over (under) expenditures 2,936,678 1,258,438 10,188,822 8,930,384
OTHER FINANCING SOURCES (USES)
Transfers in 6,978,172 5,209,282 5,319,484 110,202
Transfers (out) (9,471,283) (13,706,881) (13,706,884) (3) Total Other Financing Sources (Uses) (2,493,111) (8,497,599) (8,387,400) 110,199 NET CHANGE IN FUND BALANCE $ (7,239,161) 443,567 $ 1,801,422 9,040,583 $ Fund balance at beginning of year 27,258,917
Fund balance at end of year $ 29,060,339
CITY OF SAN RAMON
108
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Packet Pg. 298 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual (Negative)
REVENUES
Intergovernmental $ 21,405,905 $ 21,405,905 $ 21,354,487 $ (51,418) Charges for services 650 650 10,140 9,490
Investment income - - 71,433 71,433
Miscellaneous - - 56,534 56,534
TOTAL REVENUES 21,406,555 21,406,555 21,492,594 86,039
EXPENDITURES
Current:
Police services 10,639,668 11,303,244 11,159,362 143,882 Public works 13,730,625 13,876,180 12,687,144 1,189,036 TOTAL EXPENDITURES 24,370,293 25,179,424 23,846,506 1,332,918 Excess (deficiency) of revenue
over (under) expenditures (2,963,738) (3,772,869) (2,353,912) 1,418,957
OTHER FINANCING SOURCES (USES)
Transfers in 3,061,011 3,061,011 3,061,011 -
Transfers (out) (97,273) (97,273) (97,273) -
Total Other Financing Sources (Uses) 2,963,738 2,963,738 2,963,738 - NET CHANGE IN FUND BALANCE $ (809,131) - $ 609,826 $ 1,418,957 Fund balance at beginning of year -
Fund balance at end of year $ 609,826
109
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Packet Pg. 299 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
GHAD - DOUGHERTY VALLEY FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Original Final Actual (Negative)
REVENUES
Special assessments $ 2,190,213 $ 2,190,213 $ 2,218,036 $ 27,823 Investment income 56,525 56,525 756,755 700,230
Licenses and permits 3,000 3,000 6,000 3,000
Miscellaneous 36,988 36,988 41,843 4,855
TOTAL REVENUES 2,286,726 2,286,726 3,022,634 735,908
EXPENDITURES
Current:
Public works 1,099,021 1,099,021 593,484 505,537
TOTAL EXPENDITURES 1,099,021 1,099,021 593,484 505,537
Excess (deficiency) of revenue
over (under) expenditures 1,187,705 1,187,705 2,429,150 1,241,445
OTHER FINANCING SOURCES (USES)
Transfers (out) (124,037) (124,037) (124,037) -
Total Other Financing Sources (Uses) (124,037) (124,037) (124,037) - NET CHANGE IN FUND BALANCE $ 1,063,668 $ 1,063,668 2,305,113 $ 1,241,445 Fund balance at beginning of year 14,874,051
Fund balance at end of year $ 17,179,164
Budgeted Amounts
CITY OF SAN RAMON
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Packet Pg. 300 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
June 30, 2025
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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Packet Pg. 302 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SUPPLEMENTARY INFORMATION
9.2.a
Packet Pg. 303 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental 362,667 $ 360,102 $ (2,565) $
Investment income 300,000 646,814 346,814
Miscellaneous 30,000 618,378 588,378
TOTAL REVENUES 692,667 1,625,294 932,627
EXPENDITURES
Current:
General government 876,560 705,633 170,927
Capital outlay 17,217,782 8,138,729 (9,079,053)
TOTAL EXPENDITURES 9,015,289 17,923,415 (8,908,126)
Excess (deficiency) of revenue
over (under) expenditures (8,322,622) (16,298,121) (7,975,499)
OTHER FINANCING SOURCES (USES)
Transfers in 10,539,881 10,754,455 214,574
Transfers (out) (173,749) (753,833) (580,084)
Total Other Financing Sources (Uses) 10,000,622 10,366,132 (365,510) NET CHANGE IN FUND BALANCE $ 2,043,510 (6,297,499) $ (8,341,009) Fund balance at beginning of year 22,305,194
Fund balance at end of year $ 16,007,695
114
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Packet Pg. 304 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
DESCRIPTIONS OF NONMAJOR GOVERNMENTAL FUNDS
June 30, 2025
Special Revenue Funds
Special Revenue Funds are used to account for specific revenue sources that are restricted or committed to uses for a specified purpose. The City has set up separate special revenue funds for recording transactions for special projects and programs, including:
Planning Cost Recovery Fund Police Services Donation Fund Geographic Information System Fund TRAFFIX Program Fund Public Education and Government Fund Abandoned Vehicle Abatement Fund Street Smarts Fund DV Performing Arts Theatre Fund
TDM Programs Fund
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 activities or projects related to capital improvements within the City, including:
Gas Tax Fund Tri-Valley Transportation Fund
Park Development Fund Open Space Development Fund
SCCJEPA Fund Development Mitigation Fund
Street Maintenance/Improvements Fund San Ramon Housing Fund Traffic Improvements Fund
The City also has several special revenue funds which are funded by special assessments collected annually to pay for specific operating programs, including:
Citywide Lighting and Landscaping Fund The Preserve (Faria) Fund Special Landscaping Zones Fund Solid Waste Fund
Canyon Park Fund Vehicle Refuse Impacts Fees Fund
Village Center Common Area Fund Non-Point Drainage District Fund GHAD NWSR Fund
115
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Packet Pg. 305 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
DESCRIPTIONS OF NONMAJOR GOVERNMENTAL FUNDS
June 30, 2025
The City formed a Community Facilities District (CFD 2014-1) which currently has three tax zone areas.
These funds account for the accumulation of special taxes that are to be used for police and public works services or acquisition, construction, and improvements of parks, recreational and open space facilities.
Zone 1 – Acres, Deerwood and Aspenwood CFD areas
Zone 2 - Faria CFD area
Zone 3 – Promenade CFD area
Debt Service Funds
The Debt Service Funds are used to account for the accumulation of resources that are restricted, committed or assigned to the payment of principal and interest on long-term debt of the City. The City has a separate fund for each outstanding debt issuance, including:
2010 Taxable Pension Obligation Bonds Fund
LED Lights Fund
2011 Certificate of Participation (COPS) #12 Fund
2019 Certificate of Participation (COPS) #13 Fund
2021 Pension Obligation Bonds Fund
116
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Packet Pg. 307 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2025
Geographic CFD CFD
Planning Information 2014-1 Zone 12014-1 Zone 2
Cost Recovery System (Acres) (Faria) Gas Tax
ASSETS
Cash and investments 736,486$ 428,059$ 1,151$ 2,627$ 3,307,268$ Restricted cash and investments - - - - -
Receivables
Accounts - - - - 596,481
Notes and loans - - - - -
Interest 7,157 3,870 586 2,670 46,466
Total Assets $ 743,643 $ 431,929 $ 1,737 $ 3,950,215 5,297 $
LIABILITIES
Accounts payable 13,503$ -$ $650 $ - $ -
Accrued payroll 13,694 2,611 - - -
Due to other funds - - - - -
Deposits payable - - - - -
Total Liabilities 27,197 2,611 650 - -
FUND BALANCE
Restricted - - 1,087 5,297 3,950,215
Committed 716,446 429,318 - - -
Total Fund Balance 716,446 429,318 1,087 5,297 3,950,215 743,643$ 431,929$ 1,737$ 5,297$ 3,950,215$
SPECIAL REVENUE FUNDS
TOTAL LIABILITIES AND FUND BALANCE
118
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Packet Pg. 308 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Street Public Citywide
Park Maintenance/ Traffic Tri-Valley Education and Lighting and Development SCCJEPA Improvements Improvements Transportation Government Landscaping $ 6,904,519 347,544 $ 202,717 $ 47,939 $ 28,271 $ 1,147,255 $ 1,978,509 $ - - - - - - -
22,517 - - - - 34,259 85,539
- - 4,925 - - - -
71,312 22,703 1,269 3,421 1,135 11,550 22,101
$ 370,247 $ 6,998,348 $ 208,911 $ 51,360 $ 29,406 $ 1,193,064 $ 2,086,149 $ - - $ - $ - $ - $ - $ 150,939 $
- - - - - - 21,873
- - - - - - -
- 24,421 - - - - -
- 24,421 - - - - 172,812
6,998,348 345,826 208,911 51,360 29,406 1,193,064 1,913,337 - - - - - - -
6,998,348 345,826 208,911 51,360 29,406 1,193,064 1,913,337 $ 6,998,348 370,247 $ 208,911 $ 51,360 $ 29,406 $ 1,193,064 $ 2,086,149 $ (Continued)
SPECIAL REVENUE FUNDS
119
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Packet Pg. 309 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Special Non-Point
Landscaping Canyon Village Center Solid Drainage
Zones Park Common Area Waste District
ASSETS
Cash and investments 2,269,644 $ 253,869 $ 101,598$ 740,916$ 38,519$ Restricted cash and investments - - - - -
Receivables
Accounts - - - 113,553 25,214
Notes and loans - - - - -
Interest 22,000 2,496 976 9,458 1,671
Total Assets $2,291,644 256,365 $ $ 102,574 $ 863,927 $ 65,404
LIABILITIES
Accounts payable 133,917$ 4,300$ 411$ 120,886$ 18,137$
Accrued payroll 12,905 224 - 15,072 17,997
Due to other funds - - - - -
Deposits payable - - - - -
Total Liabilities 146,822 4,524 411 135,958 36,134
FUND BALANCE
Restricted 2,144,822 251,841 102,163 727,969 29,270
Committed - - - - -
Total Fund Balance 2,144,822 251,841 102,163 727,969 29,270 TOTAL LIABILITIES AND FUND BALANCE 2,291,644 $ 256,365 $ 102,574$ 863,927$ 65,404$
SPECIAL REVENUE FUNDS
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2025
120
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Packet Pg. 310 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Police Vehicle Open Space
Street TDM Services Refuse Development Development Preserve TRAFFIX Smarts Programs Donation Impact Fees Fund Mitigation Faria Program 443,211$ -$ 141,943$ $ 504,781 1,901,794 $ $ 423,672 4,705,454 $ 192,504$ - - - - - - - - 72,736 230,595 - 125,000 - - - 38,957
- - - - - - - -
4,894 - 1,458 28,538 3,668 38,586 3,989 1,791
$ 520,841 $ 230,595 $ 143,401 $ 508,449 2,055,332 $ $ 427,661 4,744,040 $ $ 233,252 133$ 2,671$ -$ -$ -$ -$ 8,590$ 50$ 9,363 4,071 - - - - 1,253 7,879 - 193,431 - - - - - -
- - 31,515 - - - - -
9,496 200,173 31,515 - - - 9,843 7,929
511,345 30,422 111,886 2,055,332 508,449 4,681,791 417,818 225,323 - - - - - 62,249 - - 511,345 30,422 111,886 2,055,332 508,449 4,744,040 417,818 225,323 520,841$ 230,595$ 143,401$ $ 508,449 2,055,332 $ $ 427,661 4,744,040 $ 233,252$ (Continued)
SPECIAL REVENUE FUNDS
121
9.2.a
Packet Pg. 311 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Abandoned CFD
GHAD San Ramon DV Performing Vehicle 2014-1 Zone 3
NWSR Housing Arts Theatre Abatement (Promenade)
ASSETS
Cash and investments 2,560,945 $ 3,230,198 $ 70,341 $ 83,414$ 101,973$ Restricted cash and investments - - - - -
Receivables
Accounts - - - - -
Notes and loans - 5,505,000 - - -
Interest 21,314 28,266 705 22,871 -
Total Assets $2,582,259 8,763,464 $ 71,046 $ 106,285 $ $ 101,973
LIABILITIES
Accounts payable -$ -$ -$ 22,360$ -$
Accrued payroll 1,642 - - - -
Due to other funds - - - - -
Deposits payable - 195,000 - - -
Total Liabilities 1,642 195,000 - 22,360 -
FUND BALANCE
Restricted 2,580,617 8,568,464 71,046 83,925 101,973
Committed - - - - -
Total Fund Balance 2,580,617 8,568,464 71,046 83,925 101,973 TOTAL LIABILITIES AND FUND BALANCE 2,582,259 $ 8,763,464 $ 71,046 $ 106,285$ 101,973$
SPECIAL REVENUE FUNDS
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2025
122
9.2.a
Packet Pg. 312 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the 2010 2021 Total
Pension Pension Nonmajor
Obligation LED Obligation Governmental
Bonds Lights COPS #12 COPS #13 Bonds Funds
1,051,713$ 2,437$ $ 213,956$ - $ 34,165,227$ -
2,264,329 - 144,436 - 1 2,408,766
- - - - 1,344,851 -
- - - - 5,509,925 -
13,792 2 - - 400,715 -
$ 3,329,834 $ 2,439 $ 358,392 - $ $ 43,829,484 1 $
$ - - $ - $ - $ - $ 476,547$
- - - - - 108,584
- - - - - 193,431
- - - - - 250,936
- - - - - 1,029,498
3,329,834 2,439 358,392 - 1 41,591,973
- - - - 1,208,013 -
3,329,834 2,439 358,392 - 42,799,986 1
$ 3,329,834 $ 2,439 $ 358,392 - $ $ 43,829,484 1 $
DEBT SERVICE FUNDS
123
9.2.a
Packet Pg. 313 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Geographic CFD CFD
Planning Information 2014-1 Zone 1 2014-1 Zone 2
Cost Recovery System (Acres) (Faria) Gas Tax
REVENUES
Intergovernmental -$ -$ -$ -$ 4,640,593 $
Developer fees - 20,558 - - -
Charges for services 274,667 - - - -
Fines and forfeitures - - - - -
Investment income 32,019 19,457 3,550 16,261 296,665
Special assessments - - 140,194 379,033 -
Miscellaneous - - - - -
Total Revenues 306,686 40,015 143,744 395,294 4,937,258
EXPENDITURES
Current:
General government - - 650 - -
Community development 317,171 129,617 - - -
Police Services - - - - -
Public works - - - - -
Capital outlay - - - - -
Debt service:
Principal - - - - -
Interest and fees - - - - -
Total Expenditures 317,171 129,617 650 - -
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (10,485) (89,602) 143,094 395,294 4,937,258
OTHER FINANCING SOURCES (USES)
Transfers in 81,971 15,466 - - 363,192
Transfers (out) - - (143,094) (395,294) (4,319,678)
Total Other Financing Sources (Uses) 81,971 15,466 (143,094) (395,294) (3,956,486) Net change in fund balances 71,486 (74,136) - - 980,772 Fund balances at the beginning of the period 644,960 503,454 1,087 5,297 2,969,443 Fund balances at the end of period $ 716,446 $ 429,318 $ 1,087 5,297$ 3,950,215 $
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2025
SPECIAL REVENUE FUNDS
124
9.2.a
Packet Pg. 314 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Street Public Citywide
Park Maintenance/ Traffic Tri-Valley Education and Lighting and Development SCCJEPA Improvements Improvements Transportation Government Landscaping $ - - $ 63,074 $ - $ - $ 143,779 $ 16,298 $
38,277 930,036 143,907 - - - -
- - - - - - -
- - - - - - -
314,157 105,224 7,476 4,512 1,274 58,823 103,082
- - - - - - 2,888,977
- - - - - - 5,255
352,434 1,035,260 214,457 4,512 1,274 202,602 3,013,612 - - - - - - -
- - - - - - -
- - - - - - -
- - - - - - 1,946,402
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - 1,946,402 -
1,035,260 352,434 214,457 4,512 1,274 202,602 1,067,210 1,457,388 - 96,892 - 120,000 - 600
(3,018,212) (25,089) (37,633) (56,980) (200,000) - (773,401) (1,560,824) (25,089) (37,633) 39,912 (80,000) - (772,801) (525,564) 327,345 176,824 44,424 1,274 122,602 294,409
871,390 6,671,003 32,087 6,936 28,132 1,070,462 1,618,928 $ 345,826 $ 6,998,348 $ 208,911 $ 51,360 $ 29,406 $ 1,193,064 $ 1,913,337 (Continued)
SPECIAL REVENUE FUNDS
125
9.2.a
Packet Pg. 315 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Special Non-Point
Landscaping Canyon Village Center Solid Drainage
Zones Park Common Area Waste District
REVENUES
Intergovernmental -$ -$ -$ 20,867 $ $ -
Developer fees - - - - -
Charges for services - - - - -
Fines and forfeitures - - - - -
Investment income 94,433 11,359 4,403 46,219 401
Special assessments 1,155,096 35,000 - - 794,562
Miscellaneous - - 6,006 1,378,796 424
1,249,529 46,359 10,409 1,445,882 795,387
EXPENDITURES
Current:
General government - - - - -
Community development - - - - -
Police Services - - - - -
Public works 1,091,843 8,639 4,870 1,352,162 800,204
Capital outlay - - - - -
Debt service:
Principal - - - - -
Interest and fees - - - - -
Total Expenditures 1,091,843 8,639 4,870 1,352,162 800,204
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 157,686 37,720 5,539 93,720 (4,817)
OTHER FINANCING SOURCES (USES)
Transfers in 452,610 3,971 - - -
Transfers (out) (307,795) (2,517) (3,971) (300,000) -
Total Other Financing Sources (Uses) 144,815 (2,517) - (300,000) - Net change in fund balances 302,501 35,203 5,539 (206,280) (4,817) Fund balances at the beginning of the period 1,842,321 216,638 96,624 934,249 34,087 Fund balances at the end of period $ 2,144,822 $ 251,841 102,163$ 727,969$ $ 29,270
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2025
SPECIAL REVENUE FUNDS
126
9.2.a
Packet Pg. 316 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
Police Vehicle Open Space
Street TDM Services Refuse Development Development Preserve TRAFFIX Smarts Programs Donation Impact Fees Fund Mitigation Faria Program $ 384,241 170,736 $ - $ - $ - $ - $ - $ 221,962 $
- - - - 83,172 733,820 - -
- - 1,624,998 - 8,800 - - -
- 13,173 - - - - - -
20,366 (4) 7,014 144,747 19,489 204,762 18,748 8,256
- - - - - 187,580 - -
20,750 2,705 - - - - - -
211,852 384,237 22,892 1,769,745 102,661 947,382 206,328 230,218 231,873 - - - - - - - - - - - - - - -
- 11,140 - - - - - -
98 400,888 - - - - 154,812 -
- - - - - - - 197,518
- - - - - - - -
- - - - - - - -
231,971 400,888 11,140 - - 154,812 - 197,518
(20,119) (16,651) 11,752 1,769,745 102,661 947,382 51,516 32,700 35,000 - - 92,250 - 155,179 15,403 - - - (1,749,996) - (279,473) - (15,299) -
35,000 - (1,749,996) - 92,250 (124,294) 104 -
14,881 (16,651) 11,752 19,749 194,911 823,088 51,620 32,700 496,464 47,073 100,134 2,035,583 313,538 3,920,952 366,198 192,623 $ 511,345 $ 30,422 $ 111,886 $ 2,055,332 $ 508,449 $ 4,744,040 $ 417,818 $ 225,323 (Continued)
SPECIAL REVENUE FUNDS
127
9.2.a
Packet Pg. 317 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2025
Abandoned CFD
GHAD San Ramon DV Performing Vehicle 2014-1 Zone 3
NWSR Housing Arts Theatre Abatement (Promenade)
REVENUES
Intergovernmental $ - $ - $ 32,687 - $ $ -
Developer fees 2,872,148 - - - -
Charges for services - - - - -
Fines and forfeitures - 34,894 - - -
Investment income 107,451 172,816 4,432 - -
Special assessments 572,543 - - 109,005 -
Miscellaneous - 8,732 - 11,714 -
679,994 3,044,964 48,058 44,401 109,005
EXPENDITURES
Current:
General government - - 179 - -
Community development - - - - -
Police Services - - 58,224 - -
Public works 42,778 - - - -
Capital outlay - - - - -
Debt service:
Principal - - - - -
Interest and fees - - - - -
Total Expenditures 42,778 - 179 58,224 -
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 637,216 3,044,964 47,879 (13,823) 109,005
OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers (out) (2,071,613) - (43,000) (7,032) -
Total Other Financing Sources (Uses) (2,071,613) - (43,000) (7,032) - Net change in fund balances 637,216 973,351 4,879 (13,823) 101,973 Fund balances at the beginning of the period 1,943,401 7,595,113 66,167 97,748 - Fund balances at the end of period $ 2,580,617 8,568,464$ $ 71,046 83,925$ $ 101,973
SPECIAL REVENUE FUNDS
128
9.2.a
Packet Pg. 318 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Total
2010 Pension 2021 Pension Nonmajor
Obligation LED Obligation Governmental
Bonds Lights COPS #12 COPS #13 Bonds Funds
$ - - $ - $ - $ - $ 5,694,237 $
- - - - - 4,821,918
- - - - - 1,908,465
- - - - - 48,067
(1,601) 147,557 - 7,378 - 1,980,726
- - - - - 6,261,990
- 2,410,805 - - 1,234,796 5,079,983
(1,601) 2,558,362 - 7,378 1,234,796 25,795,386
- - - - - 232,702
- - - - - 446,788
- - - - - 69,364
- - - - - 5,802,696
- - - - - 197,518
128,941 550,000 - 840,000 1,690,000 3,208,941
849,833 757 - 763,415 401,357 2,015,362
1,399,833 129,698 1,603,415 - 2,091,357 11,973,371
1,158,529 (131,299) (1,596,037) - (856,561) 13,822,015
1,399,990 129,698 1,608,450 - 2,937,001 8,965,061
(1,399,990) (2,528) - (2,091,457) - (17,244,052)
129,698 - (2,528) 1,608,450 845,544 (8,278,991)
1,158,529 (1,601) (2,528) 12,413 (11,017) 5,543,024
2,171,305 4,040 2,528 345,979 11,018 37,256,962
$ 3,329,834 $ 2,439 $ - $ 358,392 $ 42,799,986 1 $
DEBT SERVICE FUNDS
129
9.2.a
Packet Pg. 319 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Charges for services $ 360,000 $ 274,667 $ (85,333)
Investment income 32,019 - 32,019
Total revenues 360,000 306,686 (53,314)
EXPENDITURES
Current:
Community development 377,267 317,171 60,096
Total expenditures 377,267 317,171 60,096
Excess (deficiency) of revenue
over (under) expenditures (17,267) (10,485) 6,782
OTHER FINANCING SOURCES (USES)
Transfers in 81,971 - 81,971
Total Other Financing Sources (Uses) 81,971 - 81,971
NET CHANGE IN FUND BALANCE $ (17,267) 71,486 $ 88,753
Fund balance at beginning of year 644,960
Fund balance at end of year $ 716,446
130
9.2.a
Packet Pg. 320 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 20,558 - $ $ 20,558
Investment income 19,457 - 19,457
Total revenues 40,015 - 40,015
EXPENDITURES
Current:
Community development 131,625 129,617 2,008
Total expenditures 131,625 129,617 2,008
Excess (deficiency) of revenue
over (under) expenditures (131,625) (89,602) 42,023
OTHER FINANCING SOURCES (USES)
Transfers in 15,466 - 15,466
Total Other Financing Sources (Uses) 15,466 - 15,466
NET CHANGE IN FUND BALANCE $ (74,136) (131,625) 57,489 $ Fund balance at beginning of year 503,454
Fund balance at end of year $ 429,318
GEOGRAPHIC INFORMATION SYSTEM FUND
131
9.2.a
Packet Pg. 321 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 260,076 $ 140,194 $ (119,882)
Investment income 3,550 - 3,550
Total revenues 260,076 143,744 (116,332)
EXPENDITURES
Current:
General Government - 650 (650)
Total expenditures - 650 (650)
Excess (deficiency) of revenue
over (under) expenditures 260,076 143,094 (116,982)
OTHER FINANCING SOURCES (USES)
Transfers (out) (260,076) (143,094) 116,982
Total Other Financing Sources (Uses) (260,076) (143,094) 116,982 NET CHANGE IN FUND BALANCE $ - - $ -
Fund balance at beginning of year 1,087
Fund balance at end of year $ 1,087
CFD 2014-1 ZONE 1 (ACRES) FUND
132
9.2.a
Packet Pg. 322 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 439,999 $ 379,033 $ (60,966)
Investment income 16,261 - 16,261
Total revenues 439,999 395,294 (44,705)
Excess (deficiency) of revenue
over (under) expenditures 439,999 395,294 (44,705)
OTHER FINANCING SOURCES (USES)
Transfers (out) (439,999) (395,294) 44,705
Total Other Financing Sources (Uses) (439,999) (395,294) 44,705 NET CHANGE IN FUND BALANCE $ - - $ -
Fund balance at beginning of year 5,297
Fund balance at end of year $ 5,297
CITY OF SAN RAMON
CFD 2014-1 ZONE 2 (FARIA) FUND
133
9.2.a
Packet Pg. 323 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
GAS TAX FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 4,483,116 $ 4,640,593 $ 157,477
Investment income - 296,665 296,665
Total revenues 4,483,116 4,937,258 454,142
Excess (deficiency) of revenue
over (under) expenditures 4,483,116 4,937,258 454,142
OTHER FINANCING SOURCES (USES)
Transfers in - 363,192 363,192
Transfers (out) (4,319,678) (4,319,678) -
Total Other Financing Sources (Uses) (4,319,678) (3,956,486) 363,192 NET CHANGE IN FUND BALANCE $ 980,772 163,438 817,334 $
Fund balance at beginning of year 2,969,443
Fund balance at end of year $ 3,950,215
CITY OF SAN RAMON
134
9.2.a
Packet Pg. 324 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 930,036 3,351,444 $ $ (2,421,408)
Investment income 105,224 - 105,224
Total revenues 3,351,444 1,035,260 (2,316,184)
Excess (deficiency) of revenue
over (under) expenditures 3,351,444 1,035,260 (2,316,184)
OTHER FINANCING SOURCES (USES)
Transfers in 1,457,388 - 1,457,388
Transfers (out) (2,947,454) (3,018,212) (70,758)
Total Other Financing Sources (Uses) (2,947,454) (1,560,824) 1,386,630 NET CHANGE IN FUND BALANCE $ (525,564) 403,990 $ (929,554) Fund balance at beginning of year 871,390
Fund balance at end of year $ 345,826
135
9.2.a
Packet Pg. 325 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCCJEPA FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees 1,468,793 $ 38,277 $ (1,430,516) $
Investment income - 314,157 314,157
Total revenues 1,468,793 352,434 (1,116,359)
Excess (deficiency) of revenue
over (under) expenditures 1,468,793 352,434 (1,116,359)
OTHER FINANCING SOURCES (USES)
Transfers (out) (25,089) (25,089) -
Total Other Financing Sources (Uses) (25,089) (25,089) - NET CHANGE IN FUND BALANCE $ 327,345 1,443,704 (1,116,359) $ Fund balance at beginning of year 6,671,003
Fund balance at end of year 6,998,348 $
136
9.2.a
Packet Pg. 326 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ - $ 63,074 $ 63,074
Developer fees - 143,907 143,907
Investment income - 7,476 7,476
Total revenues - 214,457 214,457
Excess (deficiency) of revenue
over (under) expenditures - 214,457 214,457
OTHER FINANCING SOURCES (USES)
Transfers (out) (37,633) (37,633) -
Total Other Financing Sources (Uses) (37,633) (37,633) - NET CHANGE IN FUND BALANCE $ 176,824 (37,633) 214,457 $ Fund balance at beginning of year 32,087
Fund balance at end of year $ 208,911
137
9.2.a
Packet Pg. 327 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 308,947 $ - $ (308,947)
Investment income - 4,512 4,512
Total revenues 308,947 4,512 (304,435)
Excess (deficiency) of revenue
over (under) expenditures 308,947 4,512 (304,435)
OTHER FINANCING SOURCES (USES)
Transfers in 96,892 - 96,892
Transfers (out) (56,980) (56,980) -
Total Other Financing Sources (Uses) (56,980) 39,912 96,892 NET CHANGE IN FUND BALANCE $ 44,424 251,967 (207,543) $ Fund balance at beginning of year 6,936
Fund balance at end of year $ 51,360
138
9.2.a
Packet Pg. 328 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 152,310 $ - $ (152,310)
Investment income 1,274 - 1,274
Total revenues 152,310 1,274 (151,036)
Excess (deficiency) of revenue
over (under) expenditures 152,310 1,274 (151,036)
NET CHANGE IN FUND BALANCE $ 1,274 152,310 (151,036) $
Fund balance at beginning of year 28,132
Fund balance at end of year $ 29,406
139
9.2.a
Packet Pg. 329 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 195,000 $ 143,779 $ (51,221)
Investment income 58,823 - 58,823
Total revenues 195,000 202,602 7,602
EXPENDITURES
Capital outlay - 250,000 250,000
Total expenditures 250,000 250,000 -
Excess (deficiency) of revenue
over (under) expenditures (55,000) 202,602 257,602
OTHER FINANCING SOURCES (USES)
Transfers in 120,000 - 120,000
Transfers (out) (200,000) (200,000) -
Total Other Financing Sources (Uses) (200,000) (80,000) 120,000 NET CHANGE IN FUND BALANCE $ (255,000) 122,602 $ 377,602 Fund balance at beginning of year 1,070,462
Fund balance at end of year 1,193,064 $
140
9.2.a
Packet Pg. 330 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 2,580,246 $ 2,888,977 $ 308,731
Intergovernmental 11,409 16,298 4,889
Investment income 103,082 - 103,082
Charges for services 800 - (800)
Miscellaneous - 5,255 5,255
Total revenues 2,592,455 3,013,612 421,157
EXPENDITURES
Current:
Public works 2,249,937 1,946,402 303,535
Total expenditures 2,249,937 1,946,402 303,535
Excess (deficiency) of revenue
over (under) expenditures 342,518 1,067,210 724,692
OTHER FINANCING SOURCES (USES)
Transfers in 600 600 -
Transfers (out) (764,400) (773,401) (9,001)
Total Other Financing Sources (Uses) (763,800) (772,801) (9,001) NET CHANGE IN FUND BALANCE $ (421,282) 294,409 $ 715,691 Fund balance at beginning of year 1,618,928
Fund balance at end of year $ 1,913,337
141
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Packet Pg. 331 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 1,130,320 $ 1,155,096 $ 24,776
Investment income - 94,433 94,433
Total revenues 1,130,320 1,249,529 119,209
EXPENDITURES
Current:
Public works 1,390,079 1,091,843 298,236
Total expenditures 1,390,079 1,091,843 298,236
Excess (deficiency) of revenue
over (under) expenditures (259,759) 157,686 417,445
OTHER FINANCING SOURCES (USES)
Transfers in 452,610 452,610 -
Transfers (out) (286,795) (307,795) (21,000)
Total Other Financing Sources (Uses) 144,815 165,815 (21,000) NET CHANGE IN FUND BALANCE $ (93,944) 302,501 $ 396,445 Fund balance at beginning of year 1,842,321
Fund balance at end of year $ 2,144,822
142
9.2.a
Packet Pg. 332 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 10,990 $ 35,000 $ 24,010
Investment income 11,359 - 11,359
Total revenues 10,990 46,359 35,369
EXPENDITURES
Current:
Public works 60,224 8,639 51,585
Total expenditures 60,224 8,639 51,585
Excess (deficiency) of revenue
over (under) expenditures (49,234) 37,720 86,954
OTHER FINANCING SOURCES (USES)
Transfers (out) (2,517) (2,517) -
Total Other Financing Sources (Uses) (2,517) (2,517) -
NET CHANGE IN FUND BALANCE $ (51,751) 35,203 $ 86,954
Fund balance at beginning of year 216,638
Fund balance at end of year $ 251,841
143
9.2.a
Packet Pg. 333 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Investment income $ 4,403 - $ $ 4,403
Miscellaneous 6,006 6,006 -
Total revenues 6,006 10,409 4,403
EXPENDITURES
Current:
Public works 6,604 4,870 1,734
Total expenditures 6,604 4,870 1,734
Excess (deficiency) of revenue
over (under) expenditures (598) 5,539 6,137
OTHER FINANCING SOURCES (USES)
Transfers in 3,971 - 3,971
Transfers (out) - (3,971) (3,971)
Total Other Financing Sources (Uses) - - -
NET CHANGE IN FUND BALANCE $ (598) 5,539 $ 6,137
Fund balance at beginning of year 96,624
Fund balance at end of year $ 102,163
144
9.2.a
Packet Pg. 334 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 21,000 $ 20,867 $ (133)
Investment income 46,219 - 46,219
Miscellaneous 1,356,511 1,378,796 22,285
Total revenues 1,377,511 1,445,882 68,371
EXPENDITURES
Current:
Public works 1,447,642 1,352,162 95,480
Total expenditures 1,447,642 1,352,162 95,480
Excess (deficiency) of revenue
over (under) expenditures (70,131) 93,720 163,851
OTHER FINANCING SOURCES (USES)
Transfers (out) (300,000) (300,000) -
Total Other Financing Sources (Uses) (300,000) (300,000) - NET CHANGE IN FUND BALANCE $ (370,131) (206,280) $ 163,851 Fund balance at beginning of year 934,249
Fund balance at end of year $ 727,969
SOLID WASTE FUND
145
9.2.a
Packet Pg. 335 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Charges for services $ 1,000 $ - $ (1,000)
Special assessments 1,224,500 794,562 (429,938)
Investment income - 401 401
Miscellaneous 7,500 424 (7,076)
Total revenues 1,233,000 795,387 (437,613)
EXPENDITURES
Current:
Public works 1,293,806 800,204 493,602
Total expenditures 1,293,806 800,204 493,602
Excess (deficiency) of revenue
over (under) expenditures (60,806) (4,817) 55,989
NET CHANGE IN FUND BALANCE $ (60,806) (4,817) $ 55,989
Fund balance at beginning of year 34,087
Fund balance at end of year $ 29,270
NON-POINT DRAINAGE DISTRICT FUND
CITY OF SAN RAMON
146
9.2.a
Packet Pg. 336 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 192,750 $ 170,736 $ (22,014)
Investment income 20,366 - 20,366
Miscellaneous 15,000 20,750 5,750
Total revenues 207,750 211,852 4,102
EXPENDITURES
Current:
General government 318,098 231,873 86,225
Public Works - 98 (98)
Total expenditures 318,098 231,971 86,127
Excess (deficiency) of revenue
over (under) expenditures (110,348) (20,119) 90,229
OTHER FINANCING SOURCES (USES)
Transfers in 35,000 35,000 -
Total Other Financing Sources (Uses) 35,000 35,000 -
NET CHANGE IN FUND BALANCE $ (75,348) 14,881 $ 90,229
Fund balance at beginning of year 496,464
Fund balance at end of year $ 511,345
STREET SMARTS FUND
CITY OF SAN RAMON
147
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Packet Pg. 337 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 649,424 $ 384,241 $ (265,183)
Investment income - (4) (4)
Total revenues 649,424 384,237 (265,187)
EXPENDITURES
Current:
Public Works 649,424 400,888 248,536
Total expenditures 649,424 400,888 248,536
Excess (deficiency) of revenue
over (under) expenditures - (16,651) (16,651)
NET CHANGE IN FUND BALANCE $ (16,651) - $ (16,651)
Fund balance at beginning of year 47,073
Fund balance at end of year $ 30,422
TDM PROGRAMS FUND
CITY OF SAN RAMON
148
9.2.a
Packet Pg. 338 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Fines and forfeitures $ 13,173 - $ $ 13,173
Investment income 7,014 - 7,014
Miscellaneous 2,705 - 2,705
Total revenues 22,892 - 22,892
EXPENDITURES
Current:
Police services 11,140 - (11,140)
Total expenditures 11,140 - (11,140)
Excess (deficiency) of revenue
over (under) expenditures 11,752 - 11,752
NET CHANGE IN FUND BALANCE $ 11,752 - $ 11,752
Fund balance at beginning of year 100,134
Fund balance at end of year $ 111,886
POLICE SERVICES DONATION FUND
CITY OF SAN RAMON
149
9.2.a
Packet Pg. 339 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Charges for services $ 1,615,220 $ 1,624,998 $ 9,778
Investment income 144,747 - 144,747
Total revenues 1,615,220 1,769,745 154,525
Excess (deficiency) of revenue
over (under) expenditures 1,615,220 1,769,745 154,525
OTHER FINANCING SOURCES (USES)
Transfers (out) (1,749,996) (1,749,996) -
Total Other Financing Sources (Uses) (1,749,996) (1,749,996) - NET CHANGE IN FUND BALANCE $ (134,776) 19,749 $ 154,525 Fund balance at beginning of year 2,035,583
Fund balance at end of year $ 2,055,332
CITY OF SAN RAMON
VEHICLE REFUSE IMPACT FEES FUND
150
9.2.a
Packet Pg. 340 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 1,049,841 $ 83,172 $ (966,669)
Investment income 19,489 - 19,489
Total revenues 1,049,841 102,661 (947,180)
Excess (deficiency) of revenue
over (under) expenditures 1,049,841 102,661 (947,180)
OTHER FINANCING SOURCES (USES)
Transfers in 92,250 - 92,250
Total Other Financing Sources (Uses) 92,250 - 92,250
NET CHANGE IN FUND BALANCE $ 1,049,841 194,911 $ (854,930) Fund balance at beginning of year 313,538
Fund balance at end of year $ 508,449
CITY OF SAN RAMON
OPEN SPACE DEVELOPMENT FUND
151
9.2.a
Packet Pg. 341 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 2,377,760 $ 733,820 $ (1,643,940)
Charges for services 3,500 8,800 5,300
Investment income 204,762 - 204,762
Total revenues 2,381,260 947,382 (1,433,878)
EXPENDITURES
Current:
Community development 5,000 5,000 -
Total expenditures - 5,000 5,000
Excess (deficiency) of revenue
over (under) expenditures 2,376,260 947,382 (1,428,878)
OTHER FINANCING SOURCES (USES)
Transfers in 155,179 - 155,179
Transfers (out) (190,089) (279,473) (89,384)
Total Other Financing Sources (Uses) (190,089) (124,294) 65,795 NET CHANGE IN FUND BALANCE $ 823,088 2,186,171 (1,363,083) $ Fund balance at beginning of year 3,920,952
Fund balance at end of year $ 4,744,040
152
9.2.a
Packet Pg. 342 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 114,522 $ 187,580 $ 73,058
Investment income 18,748 - 18,748
Total revenues 114,522 206,328 91,806
EXPENDITURES
Current:
Public works 116,171 154,812 (38,641)
Total expenditures 116,171 154,812 (38,641)
Excess (deficiency) of revenue
over (under) expenditures (1,649) 51,516 53,165
OTHER FINANCING SOURCES (USES)
Transfers in 15,403 15,403 -
Transfers (out) (15,299) (15,299) -
Total Other Financing Sources (Uses) 104 104 -
NET CHANGE IN FUND BALANCE $ 51,620 (1,545) 53,165 $
Fund balance at beginning of year 366,198
Fund balance at end of year $ 417,818
CITY OF SAN RAMON
PRESERVE FARIA FUND
153
9.2.a
Packet Pg. 343 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 220,686 $ 221,962 $ 1,276
Investment income 8,256 - 8,256
Total revenues 220,686 230,218 9,532
EXPENDITURES
Capital outlay 197,518 194,316 (3,202)
Total expenditures 194,316 197,518 (3,202)
Excess (deficiency) of revenue
over (under) expenditures 26,370 32,700 6,330
NET CHANGE IN FUND BALANCE $ 32,700 26,370 6,330 $
Fund balance at beginning of year 192,623
Fund balance at end of year $ 225,323
CITY OF SAN RAMON
TRAFFIX PROGRAM FUND
154
9.2.a
Packet Pg. 344 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessments $ 561,724 $ 572,543 $ 10,819
Licenses and permits 1,500 - (1,500)
Investment income 7,418 107,451 100,033
Total revenues 570,642 679,994 109,352
EXPENDITURES
Current:
Public works 163,839 42,778 121,061
Total expenditures 163,839 42,778 121,061
Excess (deficiency) of revenue
over (under) expenditures 406,803 637,216 230,413
NET CHANGE IN FUND BALANCE $ 637,216 406,803 230,413 $
Fund balance at beginning of year 1,943,401
Fund balance at end of year $ 2,580,617
CITY OF SAN RAMON
GHAD - NWSR FUND
155
9.2.a
Packet Pg. 345 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
SAN RAMON HOUSING FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Developer fees $ 3,815,915 $ 2,872,148 $ (943,767)
Investment income - 172,816 172,816
Total revenues 3,815,915 3,044,964 (770,951)
Excess (deficiency) of revenue
over (under) expenditures 3,815,915 3,044,964 (770,951)
OTHER FINANCING SOURCES (USES)
Transfers (out) - (2,071,613) (2,071,613)
Total Other Financing Sources (Uses) - (2,071,613) (2,071,613) NET CHANGE IN FUND BALANCE $ 973,351 3,815,915 (2,842,564) $ Fund balance at beginning of year 7,595,113
Fund balance at end of year $ 8,568,464
CITY OF SAN RAMON
156
9.2.a
Packet Pg. 346 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Fines and forfeitures $ 30,000 $ 34,894 $ 4,894
Investment income 4,432 - 4,432
Miscellaneous 9,000 8,732 (268)
Total revenues 39,000 48,058 9,058
EXPENDITURES
Current:
General government 3,000 179 2,821
Total expenditures 3,000 179 2,821
Excess (deficiency) of revenue
over (under) expenditures 36,000 47,879 11,879
OTHER FINANCING SOURCES (USES)
Transfers (out) (30,500) (43,000) (12,500)
Total Other Financing Sources (Uses) (30,500) (43,000) (12,500) NET CHANGE IN FUND BALANCE $ 4,879 5,500 (621) $
Fund balance at beginning of year 66,167
Fund balance at end of year $ 71,046
DV PERFORMING ARTS THEATRE
SCHEDULE OF REVENUES, EXPENDITURES
157
9.2.a
Packet Pg. 347 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Intergovernmental $ 32,687 - $ $ 32,687
Miscellaneous 11,714 - 11,714
Total revenues 44,401 - 44,401
EXPENDITURES
Current:
Police service 58,224 - (58,224)
Total expenditures 58,224 - (58,224)
Excess (deficiency) of revenue
over (under) expenditures - (13,823) (13,823)
NET CHANGE IN FUND BALANCE $ (13,823) - (13,823) $
Fund balance at beginning of year 97,748
Fund balance at end of year $ 83,925
ABANDONED VEHICLE ABATEMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES
158
9.2.a
Packet Pg. 348 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Special assessment $ 7,032 $ 109,005 $ 101,973
Total revenues 7,032 109,005 101,973
Excess (deficiency) of revenue
over (under) expenditures 7,032 109,005 101,973
OTHER FINANCING SOURCES (USES)
Transfers (out) (7,032) (7,032) -
Total Other Financing Sources (Uses) (7,032) (7,032) -
NET CHANGE IN FUND BALANCE $ 101,973 - 101,973 $
Fund balance at beginning of year -
Fund balance at end of year $ 101,973
CFD 2014-1 ZONE 3 (PROMENADE) FUND
SCHEDULE OF REVENUES, EXPENDITURES
159
9.2.a
Packet Pg. 349 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Investment income $ 147,557 - $ $ 147,557
Miscellaneous 1,399,990 2,410,805 1,010,815
Total revenues 1,399,990 2,558,362 1,158,372
EXPENDITURES
Debt service:
Principal 515,000 550,000 (35,000)
Interest and fees 882,950 849,833 33,117
Total expenditures 1,397,950 1,399,833 (1,883)
Excess (deficiency) of revenue
over (under) expenditures 2,040 1,158,529 1,156,489
OTHER FINANCING SOURCES (USES)
Transfers in 1,399,990 - 1,399,990
Transfers (out) - (1,399,990) (1,399,990)
Total Other Financing Sources (Uses) - - -
NET CHANGE IN FUND BALANCE $ 2,040 1,158,529 $ 1,156,489 Fund balance at beginning of year 2,171,305
Fund balance at end of year $ 3,329,834
2010 PENSION OBLIGATION BONDS FUND
160
9.2.a
Packet Pg. 350 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Investment income $ - $ (1,601) $ (1,601)
Total revenues - (1,601) (1,601)
EXPENDITURES
Debt service:
Principal 128,943 128,941 2
Interest and fees 755 757 (2)
Total expenditures 129,698 129,698 -
Excess (deficiency) of revenue
over (under) expenditures (129,698) (131,299) (1,601)
OTHER FINANCING SOURCES (USES)
Transfers in 129,698 129,698 -
Total Other Financing Sources (Uses) 129,698 129,698 -
NET CHANGE IN FUND BALANCE $ (1,601) - (1,601) $
Fund balance at beginning of year 4,040
Fund balance at end of year $ 2,439
LED LIGHTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
161
9.2.a
Packet Pg. 351 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
OTHER FINANCING SOURCES (USES)
Transfers out - (2,528) (2,528)
Total Other Financing Sources (Uses) - (2,528) (2,528)
NET CHANGE IN FUND BALANCE $ (2,528) - (2,528) $
Fund balance at beginning of year 2,528
Fund balance at end of year $ -
COPS #12 FUND
162
9.2.a
Packet Pg. 352 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Investment income $ - $ 7,378 $ 7,378
TOTAL REVENUES - 7,378 7,378
EXPENDITURES
Debt service:
Principal 800,000 840,000 (40,000)
Interest and fees 808,450 763,415 45,035
TOTAL EXPENDITURES 1,608,450 1,603,415 5,035
Excess (deficiency) of revenue
over (under) expenditures (1,608,450) (1,596,037) 12,413
OTHER FINANCING SOURCES (USES)
Transfers in 1,608,450 1,608,450 -
Total Other Financing Sources (Uses) 1,608,450 1,608,450 - NET CHANGE IN FUND BALANCE $ - 12,413 $ 12,413
Fund balance at beginning of year 345,979
Fund balance at end of year $ 358,392
163
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Packet Pg. 353 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2025
Variance with
Final Budget
Positive
Final Actual (Negative)
REVENUES
Miscellaneous $ 2,091,457 $ 1,234,796 $ (856,661)
Total revenues 2,091,457 1,234,796 (856,661)
EXPENDITURES
Debt service:
Principal 1,690,000 1,690,000 -
Interest and fees 397,828 401,357 (3,529)
Total expenditures 2,087,828 2,091,357 (3,529)
Excess (deficiency) of revenue
over (under) expenditures 3,629 (856,561) (860,190)
OTHER FINANCING SOURCES (USES)
Transfers in 2,937,001 - 2,937,001
Transfers (out) - (2,091,457) (2,091,457)
Total Other Financing Sources (Uses) 845,544 - 845,544
NET CHANGE IN FUND BALANCE $ 3,629 (11,017) $ (14,646)
Fund balance at beginning of year 11,018
Fund balance (deficit) at end of year $ 1
2021 PENSION OBLIGATION BONDS FUND
164
9.2.a
Packet Pg. 354 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
DESCRIPTIONS OF INTERNAL SERVICE FUNDS
June 30, 2025
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 Equipment Replacement Fund is used to account for replacement of major equipment and vehicles.
Revenue 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 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. 165
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Packet Pg. 355 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund Healthcare Fund
ASSETS
Current Assets:
Cash and investments 2,293,741 $ 1,646,351 $ 111,304 $ 5,572 $ Restricted cash and investments - - - 1,881,641
Receivables:
Accounts - 4,734 44,258 430
Interest 21,948 13,259 - -
Prepaids - 2,835 - -
Total current assets 2,315,689 1,667,179 155,562 1,887,643 Noncurrent Assets:
Capital assets, net of
accumulated depreciation 2,299,511 - - -
Total assets 4,615,200 1,667,179 155,562 1,887,643
LIABILITIES
Current Liabilities:
Accounts payable 76,357 7,512 32,187 6,002
Accrued payroll - - 123,375 -
Total liabilities 76,357 7,512 155,562 6,002
NET POSITION
Net investment in capital assets 2,299,511 - - -
Restricted for pensions - - 1,881,641 -
Unrestricted 2,239,332 1,659,667 - -
Total net position $ 4,538,843 $ 1,659,667 $ 1,881,641 - $
CITY OF SAN RAMON
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF NET POSITION
JUNE 30, 2025
166
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Packet Pg. 356 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Infrastructure
Maintenance
Fund Total
$ 4,056,968 - $
1,881,641 -
49,422 -
35,207 -
2,835 -
6,026,073 -
2,299,511 -
8,325,584 -
122,058 -
123,375 -
245,433 -
2,299,511 -
1,881,641 -
3,898,999 -
$ 8,080,151 - $
167
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Packet Pg. 357 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund Healthcare Fund
OPERATING REVENUES
Intergovernmental - $ - $ 467,733 $ - $
Charges for services - 270,375 6,499,467 6,618,097
Miscellaneous 459,474 303,333 40,424 221,187
Total operating revenues 459,474 573,708 7,007,624 6,839,284
OPERATING EXPENSES
Personnel services - - 2,037,118 -
Services and supplies (33,800) 305,594 154,460 -
Claims and insurance - - 5,950,179 9,036,633
Depreciation 906,201 - - -
Total operating expenses 872,401 305,594 8,141,757 9,036,633 Operating income (loss) (412,927) 268,114 (1,134,133) (2,197,349)
NONOPERATING REVENUES
Investment income 89,995 61,679 2 2,429
Net nonoperating revenues (expenses) 89,995 61,679 2 2,429 Income (loss) before transfers (322,932) 329,793 (1,134,131) (2,194,920)
TRANSFERS
Transfers in - - 1,134,132 2,757,067
Transfers (out) (51,000) - - -
Net transfers (51,000) - 1,134,132 2,757,067
Change in net position (373,932) 329,793 1 562,147
Net position - beginning of year 4,912,775 1,329,874 (1) 1,319,494 Net position - end of year $ 4,538,843 $ 1,659,667 $ 1,881,641 - $
CITY OF SAN RAMON
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENSES
AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2025
168
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Packet Pg. 358 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Infrastructure
Maintenance
Fund Totals
$ 467,733 - $
12,423 13,400,362
1,024,418 -
12,423 14,892,513
2,037,118 -
426,254 -
14,986,812 -
906,201 -
18,356,385 -
12,423 (3,463,872)
768 154,873
768 154,873
13,191 (3,308,999)
756,234 4,647,433
(770,365) (821,365)
(14,131) 3,826,068
(940) 517,069
940 7,563,082
$ 8,080,151 - $
169
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Packet Pg. 359 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Equipment
Replacement
Fund
Information
System
Replacement
Fund
Insurance
Liability Fund Healthcare Fund
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from department users $ 460,586 $ 562,052 $ 6,958,548 $ 6,451,011 Cash payments to suppliers of goods and services 46,541 (307,632) (207,151) 2,065 Cash payments to and on behalf of employees for services - - (8,013,218) (8,985,814) Net cash provided (used) by operating activities 254,420 507,127 (1,261,821) (2,532,738)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers in - - 1,134,132 2,757,067
Transfers (out) (51,000) - - -
Cash flows from noncapital financing activities (51,000) - 1,134,132 2,757,067
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition and construction of capital assets (365,599) - - - Cash flows from capital and related financing activities (365,599) - - -
CASH FLOWS FROM INVESTING ACTIVITIES
Investment earnings received 89,995 61,679 2 2,429
Cash flows from investing activities 89,995 61,679 2 2,429 Net increase (decrease) in cash and cash equivalents 180,523 316,099 (127,687) 226,758 Cash and investments at beginning of period 2,113,218 1,330,252 238,991 1,660,455 Cash and investments at end of period $ 2,293,741 $ 1,646,351 $ 111,304 $ 1,887,213
RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:
Operating income (loss) $ (412,927) $ 268,114 $ (1,134,133) $ (2,197,349) Adjustments to reconcile operating income
to net cash provided by operating activities:
Depreciation and amortization 906,201 - - -
Change in assets and liabilities:
Accounts receivable 10,990 (4,734) 182,531 1,834,892
Interest receivable (9,878) (6,922) - -
Prepaids - - - 50,819
Accounts payable 12,741 (2,038) (52,691) 2,065
Accrued payroll - - (25,921) -
Due to other funds - - (231,607) (2,223,165)
Net cash provided (used) by operating activities $ 507,127 $ 254,420 $ (1,261,821) $ (2,532,738)
CITY OF SAN RAMON
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2025
170
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Packet Pg. 360 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Infrastructure
Maintenance Fund Totals
$ 14,445,560 13,363 $
-
(466,177)
-
(16,999,032)
13,363
(3,019,649)
4,647,433 756,234
(770,365) (821,365)
(14,131) 3,826,068
-
(365,599)
-
(365,599)
154,873 768
154,873 768
595,693 -
5,342,916 -
$ 5,938,609 - $
$ 12,423 $
(3,463,872)
- 906,201
- 2,023,679
940
(15,860)
- 50,819
-
(39,923)
-(25,921)
- (2,454,772)
$ (3,019,649) 13,363 $
171
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Packet Pg. 362 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
DESCRIPTIONS OF CUSTODIAL FUNDS
June 30, 2025
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.
173
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Packet Pg. 363 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CUSTODIAL FUNDS
COMBINING STATEMENTS OF FIDUCIARY NET POSITION
JUNE 30, 2025
San Ramon
Cree Court Valley Tourism
Assessment SCCJEPA Improvement Total
District Fund Trust Fund District Custodial Funds
ASSETS
Cash and investments $ 75,619 $ 109,113 $ 94,675 $ 279,407 Accounts receivable 1,014 5 78,156 79,175
Total assets 75,624 110,127 172,831 358,582
LIABILITIES
Deposits payable - - 194,289 194,289
Total liabilities - - 194,289 194,289
NET POSITION
Restricted for individuals, organizations,
and other governments 75,624 110,127 (21,458) 164,293
Total net position (deficit) 75,624 $ 110,127 $ (21,458) $ 164,293 $
CITY OF SAN RAMON
174
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Packet Pg. 364 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CUSTODIAL FUNDS
COMBINING STATEMENTS OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED JUNE 30, 2025
San Ramon
Cree Court Valley Tourism
Assessment SCCJEPA Improvement Total
District Fund Trust Fund District Custodial Funds
Additions
Investment income $ 3,038 $ 4,947 $ - $ 7,985
Total additions 3,038 4,947 - 7,985
Net increase in fiduciary
net position 3,038 4,947 - 7,985
Net position (deficit) - Beginning 72,586 105,180 (21,458) 156,308 Net position (deficit) - Ending $ 75,624 $ 110,127 $ (21,458) $ 164,293
CITY OF SAN RAMON
175
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Packet Pg. 366 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
STATISTICAL SECTION
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Packet Pg. 367 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON, CALIFORNIA
MISCELLANEOUS STATISTICAL DATA
June 30, 2025
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 ................ 178-187 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. ............................................................. 188-194 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 .......................................................................................................................... 195-198 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. ............ 200-204 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. ........................................................ 205-207 Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.
178
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Packet Pg. 368 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
2016 $ 12,975,507 $ 33,628,638 $ 18,300,560 $ 35,870,195 $ 100,286 $ 605,093 $ - $ 101,916,529 436,250 $ 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 2024 25,988,354 29,634,767 4,518,856 48,400,031 104,493 3,421,108 - 7,117,226 119,184,835 2025 28,862,382 27,768,287 4,703,667 51,970,091 1,280,288 4,941,708 - 4,038,521 123,564,944 Special Item: Assets transferred from Successor Agency (FY 2017-18 ACFR, Note 7) Source: City of San Ramon Finance Department.
Program Revenues General Revenues
$-
$10
$20
$30
$40
$50
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
Charges for Services Operating Grants & Contribution Capital Grants & Contributions Taxes 179
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Packet Pg. 369 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
GOVERNMENT-WIDE EXPENSES BY FUNCTION
LAST TEN FISCAL YEARS
Fiscal Year
General
Government
Community
Development
Redevelopment
Activities* Housing
Police
Services Public Works
Parks &
Comm.
Services Debt Service Total
2016 $ 4,312,666 5,447,838 $ - $ 857,894 $ 16,951,992 $ $ 53,235,400 $ 9,376,348 $ 1,480,226 $ 91,662,364 2017 5,511,125 3,811,113 - 532,789 18,497,953 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 - 404,052 23,569,516 60,000,806 12,121,428 1,261,209 109,075,547 2020 7,967,068 4,356,283 - 147,888 28,698,232 63,117,092 8,728,792 2,074,622 115,089,977 2021 8,945,328 4,722,306 - 692,707 26,984,956 66,663,070 9,296,676 1,971,936 119,276,979 2022 7,602,313 4,147,543 - 166,619 20,382,863 52,098,897 7,940,542 2,168,857 94,507,634 2023 17,138,205 6,050,547 - 151,471 31,884,506 63,907,384 10,131,767 2,133,354 131,397,234 2024 12,124,089 6,799,031 - 98,803 33,328,757 68,648,758 12,298,208 2,007,490 135,305,136 2025 12,078,131 7,178,535 - - 36,388,741 54,071,048 13,304,515 1,827,771 124,848,741 Source: City of San Ramon Finance Department.
* The Redevelopment Agency was dissolved as of January 31, 2012. $-
$10
$20
$30
$40
$50
$60
$70
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
General Government Community Development Redevelop-ment Activities* Housing Police Services Public Works Parks & Comm. Services Debt Service 180
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Packet Pg. 370 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
2016 $ 1,712,228 35,870,195 $ 22,302,225 $ 7,872,024 $ 424,930 $ 605,112 $ 3,472,736 $ 6,120,389 $ 20,567,310 $ 98,947,149 $ 2017 2,005,548 36,197,046 19,101,812 6,694,011 429,625 187,521 2,611,460 6,295,969 4,917,946 78,440,938 2018 2,687,739 37,372,326 20,527,587 7,836,829 458,940 328,008 3,475,588 6,775,530 5,593,780 85,056,327 2019 2,761,198 40,613,110 22,913,610 8,361,139 489,238 2,506,879 2,136,662 6,829,113 6,235,259 92,846,208 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 1,930,271 39,882,724 25,232,056 4,931,783 193,641 192,595 2,615,718 7,633,766 4,701,826 87,314,380 2022 2,714,502 44,005,203 33,112,117 7,033,048 140,752 (2,220,071) 2,438,238 7,772,822 6,235,316 101,231,927 2023 47,450,019 3,318,430 29,561,470 8,068,623 205,992 1,039,160 6,666,097 7,633,873 8,555,303 112,498,967 2024 48,400,031 3,523,247 29,132,304 8,190,545 235,012 3,650,969 8,508,397 7,670,519 9,873,807 119,184,831 2025 51,970,091 4,013,136 30,880,095 8,196,922 214,931 4,946,147 4,821,918 8,480,026 10,041,676 123,564,942 Source: City of San Ramon Finance Department
$-
$10
$20
$30
$40
$50
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
Taxes License and Permits Intergovern-mental Charges for Services Fines and Forfeitures Investment Income Developer Fees Special Assessments Misc. 181
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Packet Pg. 371 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
TAX REVENUE BY SOURCE
LAST TEN FISCAL YEARS
Fiscal Year Property Sales & Use
Transient
Occupancy Franchise
Property
Transfer Total Revenues
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 2024 13,960,107 25,264,164 2,425,594 6,028,810 721,356 48,400,031 2025 16,477,024 26,073,885 2,473,620 6,237,273 708,289 51,970,091 Change
2016-2025 51.2% 57.2% -11.9% 38.9% -16.3% 44.9%
Source: City of San Ramon Finance Department
$-
$5
$10
$15
$20
$25
$30
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
Property Sales & Use Transient Occupancy Franchise Property Transfer 182
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Packet Pg. 372 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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 Housing
Capital
Projects Debt Service Total
2016 $ 5,608,238 $ 4,274,496 $ 26,008,729 18,883,227 $ 8,464,188$ $ 29,635,480 837,827 $ 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 10,554,185 636,572 3,524,027 85,990,109 2019 6,665,651 4,045,570 21,601,936 29,850,996 8,683,167 13,932,569 394,685 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 10,724,351 158,313 4,102,181 121,680,176 2023 8,721,226 5,482,817 22,783,029 34,207,394 8,108,295 25,137,860 151,471 5,682,843 110,274,935 2024 9,822,932 5,512,006 27,925,458 37,213,917 9,130,214 22,966,376 98,803 5,910,306 118,580,012 2025 10,614,301 6,144,969 31,817,122 35,832,404 8,728,591 17,415,300 - 5,224,303 115,776,990 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
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
General Government Community Development Police Services Public Works Parks & Community Services Housing Capital Projects Debt Service 183
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Packet Pg. 373 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
NET POSITION BY COMPONENTLAST TEN FISCAL YEARS(accrual basis of accounting)Governmental activities: 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Invested in capital assets 426,734,431 $ 439,179,307 $ 428,455,890 $ 414,409,089 $ 393,808,218 $ 368,555,622 $ 355,599,943 $ 353,429,841 $ 350,599,010 $ 350,036,020 $ Restricted 71,688,071 76,664,534 76,793,600 73,914,667 76,894,439 73,759,679 63,481,492 75,089,247 74,299,149 78,478,312 Unrestricted (11,892,459) (11,565,936) (15,099,077) (16,195,966) (20,403,067) (21,951,418) 8,764,495 (19,571,427) (32,030,799) (36,970,769) Total $486,530,043 $504,277,905 $490,150,413 $472,127,790 $450,299,590 $420,363,883 $427,845,930 $408,947,661 $392,867,360 $391,543,563 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. $(50)
$-
$50
$500 $450 $400 $350 $300 $250 $200 $150 $100
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
Invested in capital assets Restricted Unrestricted
184
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Packet Pg. 374 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
CHANGES IN NET POSITIONLAST TEN FISCAL YEARS(accrual basis of accounting) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Expenses:
Governmental activities:
General government 5,447,838 $ 5,511,125 $ 7,586,147 $ 7,305,353 $ 7,967,068 $ 8,945,328 $ 7,602,313 $ 17,138,205 $ 12,124,089 $ 12,078,131 $ Community development 4,312,666 3,811,113 3,744,306 4,413,183 4,356,283 4,722,306 4,147,543 6,050,547 6,799,031 7,178,535 Redevelopment activities * - - - - - - - - - -
Housing 857,894 532,789 1,255,134 404,052 147,888 692,707 166,619 151,471 98,803 - Police services 16,951,992 18,497,953 21,366,871 23,569,516 28,698,232 26,984,956 20,382,863 31,884,506 33,328,757 36,388,741 Public works 53,235,400 57,528,031 60,581,885 60,000,806 63,117,092 66,663,070 52,098,897 63,907,384 68,648,758 54,071,048 Parks and community service 9,376,348 9,235,946 10,596,399 12,121,428 8,728,792 9,296,675 7,940,542 10,131,767 12,298,208 13,304,515 Interest on long-term debt 1,480,226 1,421,758 1,349,824 1,261,209 2,074,622 1,971,936 2,168,857 2,133,354 2,007,490 1,827,771 Total governmental activities expenses 91,662,364 96,538,715 106,480,566 109,075,547 115,089,977 119,276,978 94,507,634 131,397,234 135,305,136 124,848,741 Program revenues:
Governmental activities:
Charges for services:
General government 312,675 316,360 337,446 355,429 300,852 263,657 272,463 74,314 63,469 109,352 Community development 2,595,640 3,069,601 4,446,488 4,212,283 3,558,078 3,279,128 4,755,260 5,044,630 5,875,945 7,207,265 Redevelopment activities - - - - - - - - - -
Housing 714,307 6,156 - - - - - - 1,014 -
Police services 634,611 476,105 486,757 386,697 50,021 213,727 226,934 232,097 256,938 262,431 Public Works 3,574,777 2,335,628 2,421,581 867,543 2,180,478 1,237,528 4,033,401 15,291,104 16,958,621 15,990,803 Park and community service 5,143,497 5,010,269 5,422,408 4,335,516 1,510,031 1,634,570 4,098,277 2,728,177 2,832,367 5,292,531 Operating grants and contributions 33,628,638 35,947,470 33,704,789 36,641,421 37,278,533 37,147,892 41,551,345 37,514,694 29,634,767 27,768,287 Capital grants and contributions 18,300,560 30,233,200 3,770,000 2,166,499 2,795,950 3,170,000 - - 4,518,856 4,703,667 Total governmental activities program revenues 77,394,789 64,904,705 50,589,469 48,965,388 47,673,943 46,946,502 54,937,680 60,885,016 60,141,977 61,334,336 Net revenues (expenses): (26,757,659) (19,143,926) (55,891,097) (60,110,159) (67,416,034) (72,330,476) (39,569,954) (70,512,218) (75,163,159) (63,514,405) Changes in Net Position:
Governmental activities:
Taxes:
Property tax, levied for general purpose 17,240,799 18,478,700 19,559,287 20,828,367 20,770,096 21,862,847 23,479,914 24,550,855 25,264,164 26,073,885 Property tax, Redevelopment Agency tax increment - - - - - - - - - - Sales tax 10,484,639 9,328,801 9,371,941 10,926,081 10,606,225 10,773,143 12,124,019 14,329,831 13,960,107 16,477,024 Transient occupancy tax 2,807,649 2,894,303 3,002,708 3,264,311 2,316,300 768,417 1,744,152 2,133,699 2,425,594 2,473,620 Franchise tax 4,491,196 4,579,568 4,645,223 4,776,400 4,994,029 5,434,321 5,444,056 5,726,366 6,028,810 6,237,273 Property transfer tax 845,912 915,674 793,167 817,951 659,048 1043996 1,213,062 709,268 721,356 708,289 Intergovernmental, unrestricted 100,286 47,706 66,084 39,669 750,784 946,649 827,008 163,789 104,493 1,280,288 Investment income 605,093 175,776 327,941 2,502,620 3,294,287 1,041,246 (2,943,042) 1,226,819 3,421,108 4,941,708 Special Items - - 2,041,845 - - - - - - -
Other general revenues 436,250 471,260 470,512 2,891,917 2,194,065 494,718 5,162,831 2,773,322 7,117,226 4,038,521 Total governmental activities 37,011,824 36,891,788 40,278,708 46,047,316 45,584,834 42,365,337 47,052,000 51,613,949 59,042,858 62,230,608 Extraordinary Gain - Successor Agency Trust for Assets
of Former Redevelopment Agency
Changes in net position 10,254,165 17,747,862 (15,612,389) (14,062,843) (21,831,200) (29,965,139) 7,482,046 (18,898,269) (16,120,301) (1,283,797) Special item: Assets transferred from Successor Agency (Note 7)* The Redevelopment Agency was dissolved as of January 31, 2012. 185
9.2.a
Packet Pg. 375 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
FUND BALANCES OF GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting) 2016 * 2017 * 2018 * 2019 * 2020 * 2021 * 2022 * 2023 * 2024 * 2025 * General fund:
Nonspendable 6,255,670 $ 510,137 $ 207,923 $ 161,958 $ 133,409 $ 139,854 $ 137,540 $ 152,790 $ 245,292 $ 91,603 $ Restricted - - - - - - - - - -
Committed - - - - - - - - - 10,700,000
Unassigned 6,890,959 9,399,666 7,241,994 13,726,600 15,210,641 19,081,406 23,701,140 26,146,512 27,013,625 18,268,736 Total general fund 13,146,629 $ 9,909,803 $ 7,449,917 $ 13,888,558 $ 15,344,050 $ 19,221,260 $ 23,838,680 $ 26,299,302 $ 27,258,917 $ 29,060,339 $ All other governmental funds:
Nonspendable 102,722 $ 9,444,363 $ 39,785 $ 12,944 $ 240 $ - $ - $ 29,573 $ 48,391 $ 5,902 $ Restricted 70,466,220 66,210,405 75,726,288 72,785,759 93,671,572 77,360,940 76,976,246 74,194,817 73,287,793 75,382,756 Committed 1,119,129 1,010,791 1,027,527 1,115,964 577,704 517,034 265,801 877,351 1,148,414 1,208,013 Unassigned - (1,025) - - - - (1,441,737) (12,494) (48,391) - Total all other governmental funds 71,688,071 $ 76,664,534 $ 76,793,600 $ 73,914,667 $ 94,249,516 $ 77,877,974 $ 75,800,310 $ 75,089,247 $ 74,436,207 $ 76,596,671 $ GRAND TOTAL 84,834,700 $ 86,574,337 $ 84,243,517 $ 87,803,225 $ 109,593,566 $ 97,099,234 $ 99,638,990 $ 101,388,549 $ 101,695,124 $ 105,657,010 $ * 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. 186
9.2.a
Packet Pg. 376 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenues:
Taxes 35,880,275 $ 36,202,806 $ 37,372,331 $ 40,613,107 $ 39,345,698 $ 39,882,724 $ 44,005,203 $ 47,450,017 $ 48,400,035 $ 51,970,093 $ Licenses and permits 1,712,228 2,005,548 2,687,739 2,761,198 2,060,875 1,930,271 2,714,502 3,318,430 3,523,247 4,013,136 Intergovernmental 22,302,225 19,101,812 20,527,587 22,913,610 26,842,765 25,232,056 33,112,117 29,561,470 29,132,304 30,880,095 Developer fees 3,472,736 2,611,460 3,475,588 2,136,662 1,676,360 2,615,718 2,438,238 6,666,097 8,508,397 4,821,918 Charges for services 7,872,024 6,694,011 7,836,829 8,361,139 6,911,332 4,931,783 7,033,048 8,068,623 8,190,545 8,196,922 Fines and forfeitures 424,930 429,625 458,940 489,238 303,509 193,641 140,752 205,992 235,012 214,931 Investment income 605,112 187,521 328,008 2,506,879 2,929,628 192,595 (2,220,071) 1,039,160 3,650,969 4,946,147 Special assessments 6,120,389 6,295,969 6,775,530 6,829,113 7,357,518 7,633,766 7,772,822 7,633,873 7,670,519 8,480,026 Miscellaneous 20,567,310 4,917,946 5,593,780 6,235,259 4,645,014 4,701,826 6,235,316 8,555,303 9,873,807 10,041,676 Total revenues 98,957,229 78,446,698 85,056,332 92,846,205 92,072,699 87,314,380 101,231,927 112,498,965 119,184,835 123,564,944 Expenditures
Current:
General government 5,608,238 5,943,627 6,409,864 6,665,651 7,050,378 7,593,531 10,954,306 8,721,226 9,822,932 10,614,301 Community development 4,274,496 3,655,500 3,364,528 4,045,570 3,975,564 4,093,865 6,572,399 5,482,817 5,512,006 6,144,969 Housing 837,827 523,133 636,572 394,685 129,937 672,889 158,313 151,471 98,803 - Police Services 18,883,227 19,959,904 20,999,778 21,601,936 22,679,118 23,814,077 30,916,058 22,783,029 27,925,458 31,817,122 Public works 26,008,729 29,365,159 31,736,113 29,850,996 43,185,607 45,005,415 47,150,262 34,207,394 37,213,917 35,832,404 Parks & community services 8,464,188 8,052,418 8,765,042 8,683,167 6,850,767 6,892,067 11,102,306 8,108,295 9,130,214 8,728,591 Redevelopment - - - - - - - - - -
Capital Outlay 29,635,480 9,695,432 10,554,185 13,932,569 4,918,235 6,842,004 10,724,351 25,137,860 22,966,376 17,415,300 Debt service:
Principal 1,934,176 2,033,848 2,144,142 2,015,080 2,447,941 2,832,583 1,877,841 3,398,739 3,760,300 3,208,941 Interest and fees 1,507,577 1,449,593 1,379,885 1,289,538 1,730,353 2,026,619 2,224,340 2,284,104 2,150,006 2,015,362 Cost of Issuance - - - - 337,611 - - - - -
Total expenditures 97,153,938 80,678,614 85,990,109 88,479,192 93,305,511 99,773,050 121,680,176 110,274,935 118,580,012 115,776,990 Excess (deficiency) of revenues over (under) expenditures 1,803,291 (2,231,916) (933,777) 4,367,013 (1,232,812) (12,458,670) (20,448,249) 2,224,030 604,823 7,787,954 Other financing sources (uses):
Proceeds (Loss) from sale of property - 5,606,679 (636,459) - - - - - - - Proceeds from long term debt - - - - - - - - - -
Transfers in 23,429,979 19,035,672 19,230,868 20,706,291 33,601,529 43,308,523 36,210,321 36,076,019 28,414,134 28,100,011 Transfers (out) (23,038,763) (20,670,798) (19,991,452) (21,513,596) (34,926,761) (43,376,618) (36,567,316) (36,550,490) (28,712,382) (31,926,079) Issuance of bonds - - - - 20,990,000 - 23,345,000 - - - - - - - 3,358,385 - - - - -
Payment to bond escrow agent - - - - - - - - - -
Total other financing sources (uses) 92,453 391,216 3,971,553 (1,397,043) (807,305) (68,095) 22,988,005 (474,471) (298,248) (3,826,068) Extraordinary loss
Net change in fund balances 1,895,744 $ (1,840,700) $ 3,037,776 $ 2,969,970 $ (2,040,117) $ (12,526,765) $ 2,539,756 $ 1,749,559 $ 306,575 $ 3,961,886 $ Debt service as a percentage of noncapital expenditures 5% 5% 5% 4% 5% 5% 4% 7% 6% 5% Premium on bonds issues
187
9.2.a
Packet Pg. 377 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
2016 $ 386,528,547 17,932,287,779 $ 18,318,816,326 $ 0.06940 2017 422,241,773 18,989,294,954 19,411,536,727 0.05810
2018 375,570,677 20,287,909,650 20,663,480,327 0.07610
2019 383,728,161 21,326,489,207 21,710,217,368 0.09620
2020 409,923,340 22,239,569,802 22,649,493,142 0.09620
2021 391,139,999 23,142,334,289 23,533,474,288 0.09040
2022 389,017,895 24,670,201,640 25,059,219,535 0.09150
2023 387,360,522 26,182,565,945 26,569,926,467 0.07790
2024 422,280,845 27,240,641,646 27,662,922,491 0.07790
2025 463,676,702 28,073,842,895 28,537,519,597 0.07220
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. $-
$5
$10
$15
$20
$25
$30
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Billions
Secured Unsecured
188
9.2.a
Packet Pg. 378 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
2016 0.0080 0.0694 0.0032 0.0652 0.0120 0.0884 0.1578
2017 0.0084 0.0581 0.0021 0.0552 0.0114 0.0771 0.1352
2018 0.0070 0.0761 0.0021 0.0750 0.0110 0.0951 0.1712
2019 0.0120 0.0962 0.0094 0.0750 0.0188 0.1152 0.2114
2020 0.0139 0.0874 0.0014 0.0750 0.0161 0.1064 0.1938
2021 0.0060 0.0904 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
2024 0.0722 0.0148 0.0012 0.0521 0.0142 0.0823 0.1545
2025 0.0724 0.0113 0.0011 0.0521 0.0142 0.0787 0.1511
Source: Contra Costa County Auditors Controller's Office -
0.0200
0.0400
0.0600
0.0800
0.1000
0.1200
0.1400
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 189
9.2.a
Packet Pg. 379 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
PRINCIPAL SALES TAX PRODUCERS
FOR THE YEAR ENDED JUNE 30, 2025
FIRM BUSINESS DESCRIPTION
CANARY MARKETING PROMOTIONAL PRODUCTS SUPPLIER
CHEVRON FUEL & SERVICE STATIONS
COSTCO GAS STATION FUEL & SERVICE STATIONS
CTI CONTROLTECH HEAVY INDUSTRIAL EQUIPMENT SUPPLIER
DEVIL MOUNTAIN WHOLESALE NURSERY NURSERY
ELEASE RETURNS AUTOMOTIVE
FUEL & MARINE MARKETING MARINE LUBRICANTS & RESIDUAL FUELS
HELLER JEWELERS JEWELRY STORE
HOME DEPOT BUILDING MATERIALS STORE
HOME GOODS DISCOUNT RETAIL STORE
IN N OUT BURGERS FAST FOOD RESTAURANT
LONGI SOLAR TECHNOLOGY US, INC. RENEWABLE ENERGY
MARTIN MARIETTA BUILDING MATERIALS WHOLESALE
OKONITE COMPANY INSULATED WIRE/CABLE MANUFACTURER
SAFE SECURITY CYBERSECURITY
SAFEWAY FUEL FUEL & SERVICE STATIONS
SAFEWAY STORES SUPERMARKETS
SIEMENS ENERGY RENEWABLE ENERGY
TARGET DEPARTMENT STORES
TOTAL WINE & MORE LIQUOR STORE
Source: Hdl Companies
HDL Adjusted for Economic Data - City to State Comparison The data is presented in alphabetical order not by ranking. 190
9.2.a
Packet Pg. 380 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the (This Page intentionally left blank.)
9.2.a
Packet Pg. 381 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
PRINCIPAL PROPERTY TAXPAYERS
CURRENT FISCAL YEAR AND NINE YEARS AGO
2025
Taxpayer
Assessed
Valuation Rank
% of Total
Taxable
Assessed Value
Shapell Industries Inc. 369,015,327 $ 1 1.32%
Essex Portfolio LP/Essex San Ramon Partners LP 310,765,421 2 1.11% Sunset Building Co. LLC/Sunset Land Co. LLC 278,591,265 3 1.00% 2600 CR LLC 261,835,009 4 0.94%
BR6001 LLC 177,990,000 5 0.64%
Summerhill City Village LLC 173,760,383 6 0.62%
BRE Properties Inc. 144,252,677 7 0.52%
Aeonian Partners LP 136,810,433 8 0.49%
SDC 7 117,798,189 9 0.42%
Federal Realty Investment Trust 105,654,349 10 0.38%
Total $ 2,076,473,053
2024-2025 Assessed Valuation: $ 27,881,406,443
2015-2016 Assessed Valuation: $ $ 17,881,586,069
Source: California Municipal Statistics, Inc.
Shapell Industries Inc.
Essex Portfolio LP/Essex San Ramon Partners LP
Sunset Building Co. LLC/Sunset Land Co. LLC
2600 CR LLC
BR6001 LLC
Summerhill City Village LLC
BRE Properties Inc.
Aeonian Partners LP
SDC 7
Federal Realty Investment Trust
192
9.2.a
Packet Pg. 382 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the 2016
Taxpayer
Assessed
Valuation Rank
% of Total
Taxable
Assessed Value
Shapell Industries Inc. 384,167,661 $ 1 2.15%
Sunset Building Co. LLC/Sunset Land Co. LLC 373,599,686 2 2.09% Chevron USA Inc. 327,434,712 3 1.83%
2600 CR LLC 280,649,145 4 1.57%
Essex Portfolio LP/Essex San Ramon Partners LP 231,304,301 5 1.29% SDC 7 166,307,825 6 0.93%
Annabel Investment Co. 132,884,546 7 0.74%
Alexander Properties Co. 99,767,631 8 0.56%
Federal Realty Investment Trust 79,679,013 9 0.45%
San Ramon Regional Medical Center 10 0.36% 64,942,480
$ 2,140,737,000
Shapell Industries Inc.
Sunset Building Co. LLC/Sunset Land Co. LLC
Chevron USA Inc.
2600 CR LLC
Essex Portfolio LP/Essex San Ramon Partners LP
SDC 7
Annabel Investment Co.
Alexander Properties Co.
Federal Realty Investment Trust
San Ramon Regional Medical Center
193
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Packet Pg. 383 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
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%
2024 19,737,973 19,737,973 100% 19,737,973 100%
2025 20,167,917 19,737,973 100% 20,167,917 100%
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
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
Total Tax Levy*
194
9.2.a
Packet Pg. 384 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the Fiscal Year Certificates Pension Total Percent of Percent of Ended of Obligation Financed Premium on Outstanding Assessed Personal Per June 30 Participation Bonds Purchase Debt Debt Value Income Capita 2016 8,535,000 $ $ 2,294,415 16,520,000 $ 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% 1.0051% 229 2018 5,550,000 15,860,000 1,761,425 312,278 23,483,703 0.1136% 0.8495% 216 2019 4,210,000 15,475,000 1,471,345 267,667 21,424,012 0.0987% 0.7282% 204 2020 23,395,000 15,070,000 1,233,404 3,532,194 43,230,598 0.1909% 1.4842% 204 2021 21,245,000 14,640,000 980,821 3,455,147 40,320,968 0.1713% 1.3720% 227 2022 20,090,000 37,530,000 712,980 3,337,159 61,670,139 0.2461% 2.0996% 496 2023 18,880,000 35,625,000 429,241 3,186,391 58,120,632 0.2187% 2.0014% 473 2024 17,610,000 35,625,000 128,941 3,000,747 56,364,688 0.2038% 1.9491% 443 2025 16,770,000 31,195,000 2,822,810 50,787,810 - 0.1780% 1.6779% 408 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
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
195
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Packet Pg. 385 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the 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) Financed Purchase (1) Debt (1) Activities Government Value of Property (2) Income (3) Capita (4) 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% 1.01% 229 2018 5,550,000 15,860,000 1,761,425 312,278 23,483,703 23,483,703 0.11% 0.85% 216 2019 4,210,000 15,475,000 1,471,345 267,667 21,424,012 21,424,012 0.10% 0.73% 204 2020 23,395,000 15,070,000 1,233,404 3,532,194 43,230,598 43,230,598 0.20% 1.48% 238 2021 21,245,000 14,640,000 980,821 3,455,147 40,320,968 40,320,968 0.17% 1.37% 227 2022 20,090,000 37,530,000 712,980 3,337,159 61,670,139 61,670,139 0.25% 2.10% 496 2023 18,880,000 35,625,000 429,241 3,186,391 58,120,632 58,120,632 0.22% 2.00% 473 2024 17,610,000 33,435,000 128,941 3,000,747 54,174,688 54,174,688 0.20% 1.87% 443 2025 16,770,000 31,195,000 2,822,810 - 50,787,810 50,787,810 0.18% 1.68% 408 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 * The City issued revenue bonds in fiscal years 2005 and 2006 ** The City entered into lease agreements on July 10, 2006 and August 1, 2012 *** In April 2007 the Redevelopment Agency received a Housing Enabled by Local Partnership ("HELP") loan from the California Housing Finance Agency ("CalHFA").
Governmental Activities
CITY OF SAN RAMON
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
$0
$100
$200
$300
$400
$500
$600
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Outstanding Debt Per Capita
196
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Packet Pg. 386 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the 2024-25 Assessed Valuation: $ 28,336,794,517
Total Debt City’s Share of
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2025 % Applicable (1) Debt 6/30/25 Bay Area Rapid Transit District $ 2,391,260,000 2.704% 64,659,670 $ Chabot-Las Positas Community College District 892,445,000 0.416% 3,712,571 Contra Costa Community College District 591,875,000 9.915% 58,684,406 San Ramon Valley Unified School District 310,930,000 43.391% 134,915,636 East Bay Regional Park District 145,930,000 4.219% 6,156,787 ABAG Windemere Ranch Community Facilities District No. 2004-2 22,661,303 100.000% 22,661,303 ABAG Windemere Ranch 1915 Act Bonds 40,352,620 100.000% 40,352,620 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 331,142,993
DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Contra Costa County General Fund Obligations $ 150,845,000 10.141% 15,297,191 San Ramon Valley Unified School District General Fund Obligations 10,614,704 43.391% 4,605,826 City of San Ramon Certificates of Participation (incl premiums) 19,592,810 100.000% 19,592,810 City of San Ramon Pension Obligation 31,195,000 100.000% 31,195,000 City of San Ramon Capital Leases - 100.000% -
San Ramon Valley Fire Protection District Certificates of Participation 46,605,000 43.628% 20,332,829 Contra Costa Mosquito District General fund Obligations 8,050,000 10.141% 816,351 GROSS DIRECT OVERLAPPING GENERAL FUND DEBT 91,840,007
Less: Contra Costa County Obligations supported from revenue funds 3,512,319 NET DIRECT AND OVERLAPPING GENERAL FUND DEBT 88,327,688 OVERLAPPING TAX INCREMENT DEBT (Successor Agency): $ 100% 41,487,860 41,487,860 $ TOTAL DIRECT DEBT $ 50,787,810
TOTAL GROSS OVERLAPPING DEBT $ 413,683,050
TOTAL NET OVERLAPPING DEBT $ 410,170,731
GROSS COMBINED TOTAL DEBT $ (2) 464,470,860
NET COMBINED TOTAL DEBT $ 460,958,541
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 2024-25 Assessed Valuation:
Total Overlapping Tax and Assessment Debt………………………….. 1.17% Total Direct Debt ($51,094,688)……………………………………… 0.18%
Gross Combined Total Debt……………………………………………. 1.64%
Net Combined Total Debt………………………………………………. 1.63%
Ratios to Redevelopment Successor Agency Incremental Valuation ($1,571,163,308):
Total Overlapping Tax Incremental Debt……………………………….. 2.64% Source: California Municipal Statistics, Inc.
CITY OF SAN RAMON
DIRECT AND OVERLAPPING DEBT
FOR THE YEAR ENDED JUNE 30, 2025
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Packet Pg. 387 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
LEGAL DEBT MARGINLAST TEN FISCAL YEARS
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Debt limit 686,955,612 $ 727,932,627 $ 774,880,512 $ 814,133,151 $ 814,133,151 $ 882,505,286 $ 939,720,733 $ 996,372,243 $ 1,021,524,062 $ 1,052,769,109 $ Total net debt applicable to limit 7,421,889 8,936,500 5,862,278 4,477,667 26,927,194 24,700,147 23,427,159 22,066,391 20,610,747 19,592,810 Legal debt margin 678,019,112 $ 720,510,738 $ 769,018,234 $ 809,655,484 $ 787,205,957 $ 857,805,139 $ 916,293,574 $ 974,305,852 $ 1,000,913,315 $ 1,033,176,299 $ Total net debt applicable to the limit
as a percentage of debt limit 1.3% 1.0% 0.8% 0.5% 3.3% 2.8% 2.5% 2.2% 2.0% 1.9% Legal Debt Margin Calculation:
Converted assessed value (at 25% of Taxable Value)Debt limit (15% of assessed value)Debt applicable to limit: Certificates of ParticipationLegal debt marginThe 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.
Source: City Finance Department
19 198
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Packet Pg. 389 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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)
2016 78,363 -0.252% $ 2,339,682 $ 73,291
2017 80,550 2.791% 2,554,277 75,343
2018 82,643 2.598% 2,764,253 77,301
2019 83,957 1.590% 2,942,060 78,530
2020 83,118 -0.999% 2,912,659 77,745
2021 83,863 0.896% 2,938,766 78,442
2022 83,820 -0.051% 2,937,259 78,402
2023 82,870 -1.133% 2,903,968 77,513
2024 82,525 -0.416% 2,891,879 77,190
2025 83,391 1.049% 3,026,912 80,795
Note: City of San Ramon personal income for years 2015-2024 and City of San Ramon per capita income for 2015-2024 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%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
City Population as a Percentage of County Population
0 1,000,000
2,000,000
3,000,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Contra Costa County Population (1)
200
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Packet Pg. 390 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the City of San Ramon
Unemployment
Rates (3)
Contra Costa
County Population
(1)
Contra Costa County Per Capita Income
(4)
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% 1,165,866 87,839
4.00% 1,159,660 94,437
2.80% 1,150,950 97,061
3.80% 1,148,745 103,218
4.40% 1,146,626 Not Available
4.80% 1,158,225 Not Available
$0
$20,000
$40,000
$60,000
$80,000
$100,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
City of San Ramon Per Capita Income(3)
0.00%
2.50%
5.00%
7.50%
10.00%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
City of San Ramon Unemployment Rates (3)
201
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Packet Pg. 391 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
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%
2024 42,500 4.4% 4.8% 5.3%
2025 41,800 4.8% 5.1% 5.8%
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%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
City of San Ramon County of
Contra Costa
State of California
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Packet Pg. 392 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
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
PG&E 2,305 5.51% Chevron USA Inc 3,600 9.05%Chevron USA Inc 1,534 3.67% Bank of the West 1,600 4.02%BMO Bank N.A. 652 1.56% Robert Half International Inc. 1,174 2.95%SAN RAMON REGIONAL MEDICAL CENTER LLC 631 1.51% Pacific Bell 934 2.35%FIVE9, INC. 431 1.03% Accenture LLP 750 1.88%Peak Mental Health-licensed clinical social worker PC 400 0.96% San Ramon Regional Medical Center 702 1.76%PRIMED MANAGEMENT CONSULTING S 332 0.79% General Electric Company 600 1.51%UNITED PARCEL SERVICE 283 0.68% Old Republic Home Protection 482 1.21%ROBERT HALF INC 261 0.62% Primed Management Consulting 451 1.13%TARGET CORPORATION T-0949 215 0.51% PG&E 439 1.10%Chevron USA IncSource: City of San Ramon Planning Department 2025 2016
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Packet Pg. 393 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
FULL-TIME EQUIVALENT (FTE) CITY GOVERNMENT EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
Function/Program 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 General Government
Management Services 18.00 17.00 10.00 10.00 9.00 10.00 10.00 9.00 9.00 9.00 Administrative Services 15.00 15.00 19.00 19.00 19.00 20.00 20.00 20.00 19.00 18.00 Total General Government 33.00 32.00 29.00 29.00 28.00 30.00 30.00 29.00 28.00 27.00 Community Development
Planning Services 9.00 9.00 9.00 9.00 9.00 8.00 8.00 8.00 8.00 8.00 Transportation Services* - - - - - - - - - -
Building Services 13.00 12.00 13.00 12.00 10.00 9.00 9.00 9.00 9.00 9.00 Total Community Development 22.00 21.00 22.00 21.00 19.00 17.00 17.00 17.00 17.00 17.00 Public Works
Engineering Services 20.00 21.00 21.00 21.00 20.00 20.00 20.50 20.50 20.50 20.50 Transportation Services* 5.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 Public Services 83.75 83.75 81.75 81.75 79.75 79.75 77.25 76.25 75.25 72.25 Total Public Works 108.75 108.75 106.75 106.75 103.75 103.75 101.75 100.75 99.75 96.75 Public Safety
Sworn 74.00 74.00 70.00 69.00 69.00 69.00 69.00 69.00 66.00 65.00 Non-Sworn 20.00 20.00 19.00 20.00 19.00 19.00 19.00 18.00 17.00 18.00 Total Public Safety 94.00 94.00 89.00 89.00 88.00 88.00 88.00 87.00 83.00 83.00 Parks and Community Services 30.00 29.00 34.00 34.00 34.00 34.00 33.00 33.00 33.00 35.00 Economic Development/Redevelopment - - - - - - - - - -
Grand Total 287.75 284.75 280.75 279.75 272.75 272.75 269.75 266.75 260.75 258.75 Source: Various City Departments
* In 2016 the Transportation Services Division was transferred from Community Development to Public Works Department. 0 10
20 30
40 50
60 70
80 90
100
110
120
2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
FTE COUNT
General Government Community Development Public Works Public Safety Parks and Community Services 204
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Packet Pg. 394 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
OPERATING INDICATORS BY FUNCTION/PROGRAMLAST TEN FISCAL YEARSFunction/Program 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016Police Arrests 529 504 502 624 533 567 512 538 548 532Warning/parking violations 533 534 748 857 472 458 689 726 1,022 1,841 Moving traffic violations 2,377 2,321 2,557 2,484 1,062 3,509 5,790 5,328 4,880 6,178 Patrol Activity 81,952 76,289 65,924 66,025 69,421 76,534 74,417 64,284 65,829 78,741Public Services Potholes repaired 22 30 45 59 28 93 163 110 114 107
Light/Signal repairs 125 163 65 249 590 234 271 138 162 121 USA inspections 2,796 1,491 2,994 3,900 3,100 2,852 2,657 14,141 3,240 3,178 Street light Repairs 195 208 238 359 199 134 166 128 134 158Sign repair 159 95 223 166 108 118 173 183 173 114Sidewalk repairs 296 1,760 395 583 654 1,485 257 145 187 135 Graffiti abatement 48 72 156 104 123 54 49 58 54 64
Trim notices 54 83 35 44 41 40 20 80 140 95
Vehicle lube, oil, filter 99 105 109 128 63 79 126 187 147 141 Irrigation repairs 4,859 2,418 1,762 5,179 7,961 6,618 10,137 24,988 10,111 17,390 Encroachment Permits 343 376 485 507 527 459 429 338 358 413 Parks and Community Services Swimming pool admissions 55,733 54,750 57,770 60,000 60,606 49,298 53,794 60,757 70,028 77,967 Leisure class participants 18,476 16,061 20,981 17,912 264 13,930 24,470 25,135 18,945 23,090 Library books circulated *** 335,824 377,837 401,519 416,408 290,489 445,140 635,104 586,189 470,861 464,054 Youth sport league participants * 3,928 4,679 645 2,693 15 5,467 6,165 6,982 6,555 6,140 Adult sport league teams ** 147 172 164 89 61 54 81 188 151 159 Senior center drop in participants 21,459 18,001 15,476 10,919 - 15,009 27,947 28,524 28,348 42,892 Community center facility rentals 1,628 1,752 1,451 1,025 44 356 788 789 774 659 Planning
Building permits 10,613 9,133 11,554 10,746 9,289 8,637 9,089 8,410 2,781 2,812 Home Occupation permits 105 167 102 139 183 134 172 159 193 191Building applications processed 3,102 2,874 3,515 3,582 3,245 2,825 2,858 2,847 3,328 3,529Planning applications processed 234 217 277 365 277 290 382 330 354 337 Code enforcement cases 347 318 290 430 510 213 398 520 685 495Inspections 14,791 15,200 14,368 14,700 18,271 17,097 19,716 19,306 18,137 16,531 Business license (New/Renewed) 3,893 4,016 4,025 4,065 4,055 4,122 4,403 4,349 4,367 4,328 Source: 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 2023-24*** 2016 and 2017 Library books circulated decrease is due to the closure of the Main Library for renovation. 205
9.2.a
Packet Pg. 395 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
CAPITAL ASSETS STATISTICS BY FUNCTIONLAST TEN FISCAL YEARSFunction 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016Police Stations 2222222222
Patrol units 81 81 81 80 80 80 81 81 66 64
Public Services
Streets (miles) 246 246 246 241 241 241 241 241 241 235Catch basins 4580 4580 4580 4559 4559 4535 4535 4535 4433 4319Streetlights 7000 7000 7000 7000 7000 6995 6995 6995 6971 6857Traffic signals 101 101 101 101 100 100 100 100 99 99 Landscape acreage 463 463 463 463 459 454 454 452 448 446Parks 54 64 64 64 64 63 63 63 63 63 Parks acreage 390 375 375 375 375 374 374 374 372 372Open space/trails acreage 220 220 220 220 220 220 220 220 220 220Fountains 6666668888Pools 5555555555 Vehicles 101 101 101 90 90 81 81 74 75 69
Parks and Community Services
Swimming pools 2222222222Tennis courts 26 25 26 26 26 26 26 26 26 26 Pickleball courts 4400000000Community centers 4444444444 Community gymnasiums 2222222222
Libraries 2222222222
Historic properties 1111111111Skate parks 1111111111
Theaters 2222222222
Source: Various City Departments
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Packet Pg. 396 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the
CITY OF SAN RAMON
MISCELLANEOUS STATISTICAL DATA
June 30, 2025
Date of Incorporation July 1, 1983
Form of Government Council/City Manager (Charter City)
Population (1/1/2024 State Finance Department) 83,391
Number of Authorized City Employees 287.75
Median Age 41.7
Median Household Income 227,209
Registered Voters (May 2024) 50,377
Area in Square Miles 18.56
Miles of Streets:
Lane miles 505
Center miles 242
Fire Protection:
San Ramon Valley Fire Protection District
Number of Stations 4
Police Protection:
Number of Stations 1
Number of Sworn Personnel 74
Education:
Elementary Schools 12
Middle Schools 4
High Schools 2
Community College 1
Libraries: (Contracted with Contra Costa County)
Number of Libraries 2
Number of Volumes 120,588
Recreation and Culture:
Park Sites 64
Park Acreage 375
Community Facilities:
San Ramon Community Center 2
Senior Center 1
Dougherty Station Community Arts Center 1
Performing Arts Theater 2
Hospital 1
Building Permits Issued: 9,133
Source: Various City of San Ramon Department Records
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Packet Pg. 398 Attachment: A. San Ramon Annual Comprehensive Financial Report for FY25 (2026-6 : Audited Annual Comprehensive Financial Report for the INDEPENDENT ACCOUNTANT’S REPORT ON
APPLYING AGREED UPON PROCEDURES FOR
COMPLIANCE WITH THE PROPOSITION 111
2024-2025 APPROPRIATIONS LIMIT INCREMENT
Honorable Mayor and Members of the City Council
City of San Ramon, California
We have performed the procedures enumerated below on the Appropriations Limit Worksheet (Worksheet) of the City of San Ramon, California, for the year ended June 30, 2025. The City’s management is responsible for the Worksheet.
The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of these procedures, which were suggested by the League of California Cities and presented in their Article XIIIB Appropriations Limitation Uniform Guidelines, were performed solely to assist you in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
The procedures and associated findings are as follows:
A. We obtained the Worksheet and determined that the 2024-2025 Appropriations Limit of $102,160,237 and annual adjustment factors were adopted by Resolution of the City Council. We also determined that the population and inflation options were selected by a recorded vote of the City Council.
B. We recomputed the 2024-2025 Appropriations Limit by multiplying the 2023-2024 Prior Year Appropriations Limit by the Total Growth Factor. We recomputed the Total Growth Factor by multiplying the population option by the inflation option.
C. For the Worksheet, we agreed the Per Capita Income Factor, City Population Factor and County Population Factor to California State Department of Finance Worksheets.
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Worksheet.
Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of management and the City Council and is not intended to be and should not be used by anyone other than those specified parties; however, this restriction is not intended to limit the distribution of this report, which is a matter of public record.
Pleasant Hill, California
January 12, 2026
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Packet Pg. 399 Attachment: B. San Ramon Agreed Upon Procedures Applied to Appropriations Limit Calculation for FY25 (2026-6 : Audited Annual
CITY OF SAN RAMON
REQUIRED COMMUNICATIONS
FOR THE YEAR ENDED JUNE 30, 2025
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Packet Pg. 400 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive This Page Left Intentionally Blank
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Packet Pg. 401 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive
CITY OF SAN RAMON
REQUIRED COMMUNICATIONS
For the Year Ended June 30, 2025
Table of Contents
Page
Required Communications ................................................................................................................................ 1 Significant Audit Matters:
Qualitative Aspects of Accounting Practices ................................................................................... 1 Difficulties Encountered in Performing the Audit ........................................................................... 3 Corrected and Uncorrected Misstatements ...................................................................................... 3 Disagreements with Management .................................................................................................... 3 Management Representations ............................................................................................................ 3 Management Consultations with Other Independent Accountants ................................................. 3 Other Audit Matters and Issues ......................................................................................................... 4 Other Matters ............................................................................................................................................ 4
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Packet Pg. 403 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive
REQUIRED COMMUNICATIONS
To the City Council of
the City of San Ramon, California
We have audited the basic financial statements of the City of San Ramon (City), California, for the year ended June 30, 2025. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter signed by the Finance Director dated May 16, 2025, as well as in our in-person meeting with the Finance Committee on August 14, 2025. Professional standards also require that we communicate to you the following information related to our audit.
Significant Audit Matters
Qualitative Aspects of Accounting Practices
Accounting Policies – Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted, and the application of existing policies was not changed during the year, except as follows:
The following Governmental Accounting Standards Board (GASB) pronouncement became effective and was implemented:
GASB 101 – Compensated Absences
The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures.
This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical information about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences. 1 9.2.c
Packet Pg. 404 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive This Statement requires that a liability for certain types of compensated absences—including parental leave, military leave, and jury duty leave—not be recognized until the leave commences.
This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used.
This Statement also establishes guidance for measuring a liability for leave that has not been used, generally using an employee’s pay rate as of the date of the financial statements. A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities.
The pronouncement became effective, and as disclosed in Note 1S to the financial statements, was implemented by the City, which required the City to accrue portions of leaves not previously recorded in the liability in previous years. The City recalculated the liability for the previous year ended June 30, 2024, and determined that the change was not significant, and therefore, no restatement was deemed necessary.
The following pronouncement became effective, but did not have a material effect on the financial statements:
GASB 102 – Certain Risk Disclosures
Unusual Transactions, Controversial or Emerging Areas – We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.
Accounting Estimates – Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the City’s financial statements were:
Estimated Fair Value of Investments: Cash and investments held by the City at June 30, 2025 were measured by fair value as disclosed in Note 3 to the financial statements. Fair value is essentially market pricing in effect as of June 30, 2025. These fair values are not required to be adjusted for changes in general market conditions occurring subsequent to June 30, 2025.
Estimate of Depreciation: Management’s estimate of the depreciation is based on useful lives determined by management. These lives have been determined by management based on the expected useful life of assets as disclosed in Note 1I to the financial statements. We evaluated the key factors and assumptions used to develop the depreciation estimate and determined that it is reasonable in relation to the basic financial statements taken as a whole.
Estimate of Compensated Absences: Accrued compensated absences which are comprised of accrued vacation, holiday, portions of sick leave expected to be utilized, and certain other compensating time is estimated using accumulated unpaid leave hours and hourly pay rates in effect at the end of the fiscal year as disclosed in Note 1 to the financial statements. We evaluated the key factors and assumptions used to develop the accrued compensated absences and determined that it is reasonable in relation to the basic financial statements taken as a whole. 2 9.2.c
Packet Pg. 405 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive Estimated Net Pension Liabilities and Pension-Related Deferred Outflows and Inflows of Resources:
Management’s estimate of the net pension liabilities and deferred outflows/inflows of resources are disclosed in Note 11 to the financial statements and are based on accounting valuations determined by the California Public Employees Retirement System, which are based on the experience of the City. We evaluated the key factors and assumptions used to develop the estimate in determining that it is reasonable in relation to the basic financial statements taken as a whole.
Estimated Net OPEB Liabilities and OPEB-related Deferred Outflow and Inflow of Resources:
Management’s estimates of the net OPEB liabilities and OPEB-related deferred outflow and inflow of resources are disclosed in Note 13 to the financial statements and are based on accounting valuations determined by a consultant, which are based on the experience of the City. We evaluated the key factors and assumptions used to develop the estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole.
Disclosures – The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management.
Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole.
Professional standards require us to accumulate all known and likely uncorrected misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. We have no such misstatements to report to the City Council.
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.
Management Representations
We have requested certain representations from management that are included in a management representation letter dated January 12, 2026.
Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. 3 9.2.c
Packet Pg. 406 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.
Other Matters
We applied certain limited procedures to the required supplementary information that accompanies and supplements the basic financial statements. Our procedures consisted of inquiries of management regarding 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 did not audit the required supplementary information and do not express an opinion or provide any assurance on the required supplementary information.
We were engaged to report on the supplementary information which accompany the financial statements, but are not required supplementary information. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.
We were not engaged to report on the Introductory and Statistical Sections included as part of the Annual Comprehensive Financial Report but are not required supplementary information. We did not audit or perform other procedures on this other information, and we do not express an opinion or provide any assurance on them. ******
This information is intended solely for the use of City Council and management and is not intended to be, and should not be, used by anyone other than these specified parties.
Pleasant Hill, California
January 12, 2026
4 9.2.c
Packet Pg. 407 Attachment: C. San Ramon Auditor's Communication with Those Charged with Governance for FY25 (2026-6 : Audited Annual Comprehensive