January 13, 2026 | 7:00 PM Page 1 of 5
City Council / Successor Agency
Regular Meeting Agenda
NOTICE AND AGENDA
CITY OF UNION CITY
CITY COUNCIL / SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
REGULAR MEETING
GARY SINGH, Mayor
JAIME PATIÑO, Vice Mayor (District 2)
LANCE NISHIHIRA, Councilmember (District 1)
JEFF WANG, Councilmember (District 3)
SCOTT SAKAKIHARA, Councilmember (District 4)
Tuesday, January 13, 2026 | 7:00 PM
City Hall – Tom Kitayama City Council Chambers
34009 Alvarado-Niles Road, Union City, CA 94587
NOTICE OF PARTICIPATION PURSUANT TO GOVERNMENT CODE § 54953(b) Vice Mayor Patiño will participate in the meeting via teleconference from the site listed below. The meeting agenda will be posted on the publicly accessible teleconference site. Anyone wishing to address the Council from the teleconference site may do so.
Location:
Phoenix Park Hotel (Lobby)
520 North Capitol Street, NW
Washington, DC 20001
(202) 638-6900
1. CALL TO ORDER
1.1. Pledge of Allegiance
1.2. Roll Call
2. PROCLAMATIONS AND PRESENTATIONS
2.1. Calendar Year 2025 New Hires & Promotions
2.2. Proclamations Recognizing 2025 Employees of the Year
3. ORAL COMMUNICATIONS
Each person who wishes to speak during the Oral Communications section for non-agenda items will have up to three minutes. The Chair may shorten this time if there are many speakers or the City January 13, 2026 | 7:00 PM Page 2 of 5
City Council / Successor Agency
Regular Meeting Agenda
Council has a full agenda. If you want to speak during the first Oral Communications section, please complete a speaker card with your name and city of residence. You may also provide a mailing address if you would like to receive future information from the City. Filling out a speaker card and providing your name, city of residence, or mailing address is not required to speak, but it helps keep accurate records.
4. CONSENT CALENDAR
All items listed under the Consent Calendar are considered routine and will be approved together with one motion. If any item requires discussion, it will be removed from the Consent Calendar and discussed separately.
4.1. Approve the December 9, 2025 City Council Special Meeting Action Minutes
4.2. Approve the December 9, 2025 City Council Regular Meeting Action Minutes
4.3. Approve the December 16, 2025 City Council Special Meeting Action Minutes
4.4. Adopt a Resolution Receiving and Accepting the Audited Financial Statements for the Fiscal Year Ended June 30, 2024 (FY 2023-24)
4.5. Adopt a Resolution Approving an Amendment to Update the Class Specification for the Classification of Clinical Supervisor
4.6. Adopt a Resolution of the City Council of the City of Union City Approving an Amendment to the City’s Compensation Plan and Authorizing the City Manager to Enter into a Side Letter Agreement with Operating Engineers, Local 3: Professionals’ Employee Group to Reclassify the Positions of Transit Planner Assistant and Transit Planner Associate to Transit Analyst I and II, Respectively, and Approving an Amendment to the City’s Classification and Compensation Plan and Salary Schedule in Conformance with California Code of Regulations, Title 2, Section 570.5
4.7. Adopt a Resolution Awarding a Construction Contract to SCC Electric, Inc., in the Amount of $167,500, Approving a Total Construction Budget of $185,000, Approving a Total Project Budget of $235,000, and Approving a Budget Transfer, in the Amount of $50,000, from the General Liability SelfInsurance Fund, for the City Hall – Mobile Generator Tap Box Project, City Project No. 22-29
4.8. Adopt an Ordinance of the City Council of the City of Union City Amending Chapter 2.05 (Campaign Reporting Requirements) of the Union City Municipal Code to Align the Electronic Filing Exemption Threshold with State Law
4.9. Adopt a Resolution Authorizing the City Manager to Exercise the Second Option Year to the Operations and Maintenance Agreement with MV Transportation, Inc., for Union City Transit (Fixed-Route, Paratransit, and Microtransit), with a Second Option Year Not-to-Exceed Amount of $8,157,217, and Authorizing the City Manager to Execute the Contract Amendment in a Form Approved by the City Attorney
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City Council / Successor Agency
Regular Meeting Agenda
5. PUBLIC HEARINGS
Public Hearings provide an opportunity for the community to comment on items that require a formal hearing under state or local law. Staff will present the item first. After the presentation, the Mayor will open the public hearing and invite public comment. Individuals wishing to speak must complete and submit a speaker card before Oral Communications so the Mayor can call on them. Once all speakers have finished, the Mayor will close the public hearing. The City Council may then discuss the item and take action.
5.1. Hold a Public Hearing and Waive Full Reading and Introduce by Title Only an Ordinance For Zoning Text Amendment (AT-25-003) to Title 18, Zoning, of the Union City Municipal Code to Amend Chapters 18.08 Definitions;
18.27, Village Mixed Use (VMU) District; 18.36, Commercial Districts; 18.50, Civic Facilities (CF) District; and 18.92, Open Space (OS) Zoning District, and Find That the Proposed Amendments are Exempt From the California Environmental Quality Act (CEQA), Pursuant to CEQA Guidelines 15061(B)(3)
6. CITY MANAGER REPORTS
6.1. Adopt a Resolution Authorizing the City Manager to Execute an Operating and Management Agreement, in a Form Approved by the City Attorney, with the Union Landing Property Owners’ Association
7. SUCCESSOR AGENCY TO REDEVELOPMENT AGENCY
8. ITEMS REFERRED BY COUNCIL
9. GOOD OF THE ORDER
10. ADJOURNMENT
MEETING INFORMATION
The City Council is authorized to take action only on items listed on this agenda. Public comment is both welcomed and encouraged on all agenda items. If you wish to address the Council, please complete a speaker card and submit it before the Oral Communications section.
Regular City Council meetings are held in person on the second and fourth Tuesday of each month at 7:00 p.m. in the Council Chambers, City Hall, 34009 Alvarado-Niles Road, Union City, CA 94587.
Meetings can also be observed via Zoom: http://citycouncil-live.unioncity.org.
Meetings are broadcast live on UCTV Channel 15 and live-streamed on the City's website:
https://bit.ly/3x9mEiR.
Public Comment: Members of the public cannot provide comments via Zoom unless specifically permitted, as detailed below. Remote access is subject to technical availability. If the Zoom platform or other technology fails, the City Council will proceed with the meeting in person unless prohibited by law.
Public Records: Documents related to agenda items are available for review on the City's website January 13, 2026 | 7:00 PM Page 4 of 5
City Council / Successor Agency
Regular Meeting Agenda
(https://www.unioncity.org) or during business hours at the City Clerk's Office, 34009 Alvarado-Niles Road, Union City, CA 94587.
Accessibility: If you require special assistance to participate in the meeting, please contact the City Clerk's Office at (510) 675-5448 at least 72 hours before the meeting. Closed captioning is available for all regular City Council meetings.
ADDRESSING THE CITY COUNCIL
In-Person Public Comment:
Members of the public may address the Council on any agenda item or during the Public Input portion of the meeting. To speak, please fill out a speaker card with your name and city of residence. If you would like a follow-up from the City, you may also provide your mailing address. Completing a speaker card and providing your name, city, or mailing address are not required to make a public comment but are requested for record-keeping purposes.
Written Comment:
To submit written comments on an agenda item or during Public Comment, please email [email protected]. Include "Public Comment" in the subject line and reference the agenda item number. Written comments will be forwarded to the City Council and made publicly available.
Public Comment via Zoom:
As noted above, the public may not address the Council via Zoom unless required by AB 2449. If the City is required to provide this opportunity, the Mayor will announce it at the beginning of the meeting. If allowed, raise your virtual hand on Zoom to indicate that you would like to speak on a specific agenda item.
CITY COUNCIL NORMS AND GUIDELINES
(Resolution No. 6129-23; Adopted May 23, 2023)
The Union City Council abides by the following norms:
1. We conduct ourselves in a professional manner, treat everyone with respect, and act with high integrity, always putting the interests of the City of Union City ahead of self-interests in accordance with our code of ethics.
2. We respect the Council-Manager form of government, and do not interfere with the City Manager's role or any professional duties of City staff.
3. We recognize that matters of confidential nature are to be kept private and undisclosed.
4. We respect each other's opinions and are supportive of each other's work advocating for the City, and we ensure that all voices are heard. We do not criticize others for having a different point of view, and we agree to disagree respectfully.
5. We understand that the City Council acts as a body, all members are equal, and policy direction is only given by a majority vote of the City Council. Once a decision is made, all members of the City Council must respect the City Council's direction.
6. We will be prepared for City Council meetings and ask our questions of the City Manager in advance so we can avoid surprising City staff at meetings.
7. We do not criticize City staff publicly or to others and will refrain from directing them. Instead, we will take our concerns and questions privately to the City Manager.
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City Council / Successor Agency
Regular Meeting Agenda
8. We will govern on an at-large basis, although elected by districts. We will maintain a citywide perspective and consider the needs and interests of the entire community.
9. We will continue to allocate resources based on long-term strategic priorities and efforts, with consideration of citywide service levels and financial capacity.
10. We understand customer service is the priority and each member of the City Council will help constituents regardless of the district in which they reside or from which a Councilmember themselves is elected.
11. We recognize the significant importance of attendance and participation at City Council meetings in proceeding with City business. All members of the City Council should endeavor to miss no more than two regular meetings per calendar year absent extraordinary circumstances. Members of the City Council should, absent unforeseen circumstances, provide a minimum of sixty days' notice to the City Council of planned absences during the Good of the Order or Items Referred by Council portion of the City Council agenda, as appropriate.
May these Council Norms be administered and enforced in the following manner:
1. Councilmembers have the primary responsibility to assure that ethical standards are understood and met by the Council, and that the public can continue to have full confidence in the integrity of government.
2. The Mayor and the Council have the responsibility to intervene when action of its members are in violation of Council Norms.
3. The City Council can review and revise the Council Norms as needed.
4. During City Council discussions, deliberations, and proceedings, the Mayor is designated with the primary responsibility to ensure that Councilmembers adhere to the Council Norms.
CERTIFICATION OF MEETING NOTICE AND AGENDA POSTING
This notice and agenda were posted on the City's website and the City Hall bulletin board at least 72 hours prior to the meeting date, in compliance with the Ralph M. Brown Act. /s/Thai Nam Pham, MMC, CPMC
City Clerk/Secretary to the City of Union City Successor Agency City Council Staff Report Page 1 of 3 January 13, 2026
Staff Report
Agenda Item No. 2.1
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Calendar Year 2025 New Hires & Promotions
Staff presents the following new and promoted employees for 2025 to the Mayor and City Council.
CITY MANAGER’S OFFICE
New Hires:
Christopher Chang was hired on September 8, 2025, as an Administrative Specialist – Confidential.
COMMUNITY & RECREATION SERVICES DEPARTMENT
New Hires:
Laura Buzo was hired on June 9, 2025, as Community & Recreation Services Director.
Clarissa Rosas-Villagomez was hired on September 30, 2025, as Office Specialist II.
Marcia Tai was hired on October 28, 2025, as Office Specialist II.
Promotions:
Melissa Camacho was promoted from Preschool Site Supervisor I to Preschool Site Supervisor II on April 14, 2025.
ECONOMIC & COMMUNITY DEVELOPMENT DEPARTMENT
New Hires:
Harry Calilong was hired on March 31, 2025 as Building/Code Compliance Inspector.
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Agenda Item No. 2.1
City Council Staff Report Page 2 of 3 January 13, 2026
FINANCE DEPARTMENT
New Hires:
Kevin Wang was hired on October 6, 2025 as Accountant.
Promotions:
Chu Thai was promoted from Accounting Manager to Finance Director on December 30, 2025.
HUMAN RESOURCES DEPARTMENT
New Hires:
Mable Choi was hired on November 10, 2025 as Human Resources Analyst I.
Promotions:
Jaime Rabe was promoted from Human Resources Analyst I to Human Resources Manager on September 1, 2025.
POLICE DEPARTMENT
New Hires:
Jacob Kaufman was hired on January 20, 2025, as a Police Officer Trainee. Ryan Caviani was hired on January 20, 2025, as a Police Officer Trainee. Jojo Ortiz was hired on April 14, 2025, as a Police Officer Trainee. Jonathan Pedroza was hired on April 28, 2025, as a Police Officer Trainee. Araceli Rodriguez was hired on May 26, 2025, as a Police Officer Assistant. Marco Garcia was hired on June 9, 2025, as a Police Officer Trainee. • Georgia Stoner was hired on June 10, 2025, as a Police Officer Assistant. Nate Miskella was hired on July 28, 2025, as a Police Officer Trainee. Rafael Jose Rodriguez Garcia was hired on September 1, 2025, as a Police Officer Trainee.
Alondra Venegas Martinez was hired on September 1, 2025, as a Police Cadet. Alondra Garcia was hired on September 15, 2025, as a Police Cadet. Ekjot Modhara was hired on September 15, 2025, as a Police Cadet. Jade Lopez-Hermosillo was hired on September 19, 2025, as a Police Cadet.
Promotions:
Brooke Thayer was promoted from Police Officer Recruit II to Police Officer on January 25, 2025.
Keilani Titsworth was promoted from Police Cadet to Property & Evidence Specialist on March 17, 2025.
Noah Stewart was promoted from Police Officer Trainee to Police Officer Recruit II on April 14, 2025.
Maritza Viramontes Galvan was promoted from Police Office Assistant to Property 7 of 471
Agenda Item No. 2.1
City Council Staff Report Page 3 of 3 January 13, 2026
& Evidence Specialist on June 9, 2025.
Noah Stewart was promoted from Police Officer Recruit II to Police Officer on September 15, 2025.
Jacob Kaufman was promoted from Police Officer Trainee to Police Officer Recruit II on September 15, 2025.
Ryan Caviani was promoted from Police Officer Trainee to Police Officer Recruit II on September 15, 2025.
Jojo Ortiz was promoted from Police Officer Trainee to Police Officer Recruit II on November 3, 2025.
Jonathan Pedroza was promoted from Police Officer Trainee to Police Officer Recruit II on November 3, 2025.
Mishel Garcia was promoted from Police Cadet to Community Service Aide on November 10, 2025.
PUBLIC WORKS DEPARTMENT
New Hires:
Diana Cangco was hired on September 22, 2025 as City Engineer.
Promotions:
Christopher Bourasa was promoted from Maintenance I – Parks & Grounds to Maintenance II – Parks & Grounds on January 13, 2025.
Lazaro Carrasco was promoted from Maintenance Trainee – Parks & Grounds to Maintenance I – Parks & Grounds on November 10, 2025.
Joseph Dirosa was promoted from Maintenance Trainee – Parks & Grounds to Maintenance I – Parks & Grounds on November 10, 2025.
Miguel Gonzalez was promoted from Maintenance Trainee – Parks & Grounds to Maintenance I – Parks & Grounds on November 10, 2025.
Nigel Lewis was promoted from Maintenance I – Parks & Grounds to Maintenance II – Parks & Grounds on November 10, 2025.
RETIREES:
• Jackie Acosta, Finance Director
• Farooq Azim, City Engineer
• Robert Vera, Maintenance II – Parks & Grounds
• Victor Derting, Deputy Police Chief
`
Prepared by: Jason Castleberry, Human Resources Director Submitted by: Jason Castleberry, Human Resources Director Attachments
1. PowerPoint Presentation
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2025 New Hires, Retirements
and Promotions
Presented By: Jason Castleberry, HR Director
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CITY
MANAGER’S
OFFICE
Christopher Chang was
hired on September 8,
2025 as an Administrative
Specialist - Confidential
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COMMUNIT
Y &
RECREATIO
N SERVICES
DEPARTME
NT
Laura Buzo was hired on
June 9, 2025 as a
Community & Recreation
Services Director.
Marcia Tai was hired on
October 28, 2025 as an
Office Specialist II.
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COMMUNIT
Y &
RECREATIO
N SERVICES
DEPARTME
NT
Melissa Camacho was
promoted from Preschool Site
Supervisor I to Preschool Site
Supervisor II on April 14, 2025.
Clarissa RosasVillagomez was hired on
September 30, 2025 as
an Office Specialist II.
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ECONOMIC
&
COMMUNITY
DEVELOPME
NTDEPARTM
ENT
Harry Calilong was
hired on March 31, 2025
as a Building and Code
Compliance Inspector.
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FINANCE
DEPARTME
NT
Kevin Wang was hired
on October 6, 2025 as
an Accountant.
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HUMAN
RESOURCE
S
DEPARTME
NT
Jaime Rabe was promoted
from Human Resources
Analyst I to Human
Resources Manager on
September 1, 2025.
Mable Choi was hired
on November 10, 2025
as a Human Resources
Analyst I.
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PUBLIC
WORKS
DEPARTME
NT
Diana Cangco was hired on
September 22, 2025 as a
City Engineer I.
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PUBLIC
WORKS
DEPARTME
NT
Miguel Gonzalez was promoted
from Maintenance I – Parks &
Grounds to Maintenance II – Parks &
Grounds on November 10, 2025
Lazaro Carrasco was promoted
from Maintenance Trainee –
Parks & Grounds to Maintenance
I – Parks & Grounds on
November 10, 2025
Joseph Dirosa was promoted from
Maintenance I – Parks & Grounds to
Maintenance II – Parks & Grounds
on November 10, 2025
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PUBLIC
WORKS
DEPARTME
NT
Christopher Bourasa was
promoted from
Maintenance I – Parks &
Grounds to Maintenance II
– Parks & Grounds on
January 13, 2025.
Nigel Lewis was promoted
from Maintenance I – Parks &
Grounds to Maintenance II –
Parks & Grounds on
November 10, 2025.
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POLICE
DEPARTME
NT
Jacob Kaufman was hired on
January 20, 2025 as a Police
Officer Trainee and promoted to
Police Officer Recruit II on
September 15, 2025.
Jojo Ortiz was hired on April
14, 2025 as a Police Officer
Trainee and promoted to
Police Officer Recruit II on
November 3, 2025.
Ryan Caviani was hired on
January 20, 2025 as a Police
Officer Trainee and promoted to
Police Officer Recruit II on
September 15, 2025.
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POLICE
DEPARTME
NT
Alondra Venegas Martinez was
hired on September 1, 2025 as a
Police Cadet.
Alondra Garcia was hired
on September 15, 2025 as
a Police Cadet.
Ekjot Modhara was hired on
September 15, 2025 as a Police
Cadet.
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POLICE
DEPARTME
NT
Jonathan Pedroza was hired on
April 28, 2025 as a Police Officer
Trainee and promoted to Police
Officer Recruit II on November 3,
2025.
Rafael Jose Rodriquez
Garcia was hired on
September 1, 2025 as a
Police Officer Trainee.
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POLICE
DEPARTME
NT
Maritza Viramontes Galvan was
promoted to Property and
Evidence Specialist on June 9,
2025.
Mishel Garcia was
promoted to Community
Service Aide on November
10, 2025.
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POLICE
DEPARTME
NT
Jade Lopez-Hermosillo was
hired on September 19, 2025 as a
Police Cadet.
Araceli Rodriquez was
hired on May 26, 2025 as a
Police Office Assistant.
Marco Garcia was hired on June
9, 2025 as a Police Officer
Trainee.
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POLICE
DEPARTME
NT
Georgia Stoner was hired on
June 10, 2025 as a Police Office
Assistant.
Keilani Titsworth was
promoted from Police Cadet
to Property and Evidence
Specialist on March 17, 2025.
Brooke Thayer was promoted
from Police Officer Recruit II to
Police Officer on January 25,
2025.
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POLICE
DEPARTME
NT
Noah Stewart was promoted from
Police Officer Recruit II to Police
Officer on September 15, 2025
Nate Miskella was hired on
July 28, 2025 as a Police
Officer Trainee.
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RETIREMEN
TS
Victor Derting
Deputy Police Chief
Police Department
Farooq Azim
City Engineer
Public Works Department
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RETIREMEN
TS
Jackie Acosta
Finance Director
Finance Department
Robert Vera
Maintenance II – Parks &Grounds
Public Works Department
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THANK YOU
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City Council Staff Report Page 1 of 1 January 13, 2026
Staff Report
Agenda Item No. 2.2
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Proclamations Recognizing 2025 Employees of the Year Prepared by: Jason Castleberry, Human Resources Director Submitted by: Jason Castleberry, Human Resources Director Attachments
1. Proclamation – General Services
2. Proclamation – Public Works Department
3. Proclamation – Police Dept
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DATED: January 13, 2026
GARY SINGH, Mayor
JAIME PATIÑO, Vice Mayor
LANCE NISHIHIRA, Councilmember
JEFF WANG, Councilmember
SCOTT SAKAKIHARA, Councilmember
CITY OF UNION CITY
PROCLAMATION
In Recognition of Carlos Casasola,
2025 General Services Employee of the Year
WHEREAS, Carlos Casasola began his service with the City of Union City in 2021 as a contractor in the Information Technology Services Department and was appointed as a full-time Technical Support Specialist II in 2022; and
WHEREAS, in his current role, Carlos provides first-level technical support, assists with production infrastructure in a multi-platform environment, leads information technology upgrades, resolves complex software, hardware, and network issues, and works directly with City staff to meet their technical needs; and
WHEREAS, Carlos was nominated by his peers for his steady “can-do” attitude, his commitment to prioritizing the needs of the organization and others, his pride in doing things the right way, and his embodiment of the City’s core values; and
WHEREAS, Carlos’s contributions extend beyond the workplace through his support of public meetings and employee events, his volunteer efforts with staff and community groups, and his ability to build genuine connections across all City locations and departments; and
WHEREAS, these nominations highlight Carlos’s customer-first approach, kindness toward others, and the positive and lasting impact one individual can have on an entire organization.
NOW, THEREFORE, I, Gary Singh, Mayor of the City of Union City, on behalf of the entire City Council, do hereby express our sincere appreciation to Carlos Casasola for his outstanding service to the City of Union City and extend our congratulations on his recognition as the 2025 General Services Employee of the Year.
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DATED: January 13, 2026
GARY SINGH, Mayor
JAIME PATIÑO, Vice Mayor
LANCE NISHIHIRA, Councilmember
JEFF WANG, Councilmember
SCOTT SAKAKIHARA, Councilmember
CITY OF UNION CITY
PROCLAMATION
In Recognition of Trieu Tran,
2025 Public Works/Community & Recreation
Services Employee of the Year
WHEREAS, Trieu Tran began his career with the City of Union City in the Public Works Department in 2020 as a Civil Engineer II and was promoted to Civil Engineer III in 2022, where he has been instrumental in the growth and development of the Engineering Division; and
WHEREAS, in his current role as a Civil Engineer III, Trieu manages a wide range of recreational facilities, parks, and roadway improvement projects, including championing preschool playground improvements at the Holly Center, park enhancements at Cesar Chavez/Old Alvarado Park, and leading major roadway rehabilitation projects such as Dyer Street and Decoto Road; and WHEREAS, Trieu has served as an active Public Works representative to both the Parks and Recreation Commission and the Bicycle and Pedestrian Advisory Committee, providing regular updates on park improvement projects and presenting roadway projects that include new or upgraded bicycle facilities; and WHEREAS, Trieu has played a key role in the development of the City’s FiveYear Capital Improvement Plan and has spearheaded efforts to secure federal, state, and local grant funding critical to the success of City projects; and WHEREAS, Trieu is recognized for his strong organizational and leadership skills and is frequently called upon to plan and manage high-visibility projects and special events throughout the City; and
WHEREAS, throughout his service to the City of Union City, Trieu has received numerous compliments and accolades from City staff, contractors, and vendors, and is a 2024 graduate of the Alameda County Leadership Academy.
NOW, THEREFORE, I, Gary Singh, Mayor of the City of Union City, on behalf of the entire City Council, do hereby express our sincere appreciation to Trieu Tran for his outstanding service to the City of Union City and extend our congratulations to him on being named the 2025 Public Works/Community & Recreation Services Employee of the Year.
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DATED: January 13, 2026
GARY SINGH, Mayor
JAIME PATIÑO, Vice Mayor
LANCE NISHIHIRA, Councilmember
JEFF WANG, Councilmember
SCOTT SAKAKIHARA, Councilmember
CITY OF UNION CITY
PROCLAMATION
In Recognition of Officer Andrew Moya,
2025 Union City Police Department Employee of the Year
WHEREAS, Andrew Moya began his career with the City of Union City Police Department in 2016 as a Patrol Officer and later advanced to Field Training Officer in 2019 and Police Canine Handler in 2022; and
WHEREAS, in his role as a Field Training Officer, Officer Moya mentors and evaluates newly hired officers by supervising them during real-world patrols to ensure the proper application of training, policies, and safe practices, and in his role as a Police Canine Handler, he is responsible for training, deploying, and caring for a police canine to locate dangerous suspects, track evidence, and enhance officer safety; and WHEREAS, throughout his career with the Union City Police Department, Officer Moya has received numerous compliments, awards, and accolades from Police Department supervisors and has played a key role in multiple lifesaving efforts; and WHEREAS, on June 27, 2025, Officer Moya responded with fellow officers to assist a shooting victim outside the police station who had sustained multiple gunshot wounds and serious neck injuries, and Officer Moya immediately provided emergency trauma care, triaged injuries, and applied lifesaving pressure to the victim’s neck wound, actions which Alameda County Fire Department personnel and Washington Hospital Trauma Center physicians later confirmed were instrumental in saving the victim’s life; and
WHEREAS, on July 23, 2025, Officer Moya responded to Pathfinder Academy School in Union City for a welfare check involving a juvenile on a rooftop threatening to jump, and when the juvenile dove headfirst from the roof, Officer Moya immediately positioned himself beneath the individual to absorb the impact, an act of courage that prevented severe injury or death; and
WHEREAS, Officer Moya’s actions exemplify the highest standards of professionalism, courage, dedication, and true “Service from the Heart” upheld by the Union City Police Department.
NOW, THEREFORE, I, Gary Singh, Mayor of the City of Union City, on behalf of the entire City Council, do hereby express our sincere appreciation to Officer Andrew Moya for his extraordinary bravery, lifesaving actions, and dedicated service to the City of Union City, and extend our congratulations to him on being named the 2025 Union City Police Department Employee of the Year.
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City Council Staff Report Page 1 of 1 January 13, 2026
Staff Report
Agenda Item No. 4.1
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Approve the December 9, 2025 City Council Special Meeting Action Minutes
RECOMMENDATION
Staff recommends that the Council approve the meeting minutes.
Prepared by: Christopher Chang, Administrative Specialist, Confidential Submitted by: Thai Nam Pham, City Clerk
Attachments
1. Action Minutes
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MINUTES
THE CITY OF UNION CITY
CITY COUNCIL SPECIAL MEETING
GARY SINGH, Mayor
SCOTT SAKAKIHARA, Vice Mayor (District 4)
LANCE NISHIHIRA, Councilmember (District 1)
JAMIE PATIÑO, Councilmember (District 2)
JEFF WANG, Councilmember (District 3)
Tuesday, December 9, 2025 | 6:00 PM
City Hall – Tom Kitayama City Council Chambers
34009 Alvarado-Niles Road, Union City, CA 94587
1. CALL TO ORDER
Mayor Singh called the meeting to order at 6:05 PM.
2. ROLL CALL
Attendance Attendee Name
Present Lance Nishihira, Councilmember
Jaime Patiño, Councilmember
Jeff Wang, Councilmember
Scott Sakakihara, Vice Mayor
Gary Singh, Mayor
Absent None
3. ORAL COMMUNICATIONS - Comments Limited to Items on the Special Meeting Agenda
Mayor Singh opened Oral Communications. Since there were no speakers, Mayor Singh closed Oral Communications.
4. PRESENTATIONS AND PROCLAMATIONS
4.1. 2025 Legislative Update Presentation from Senator Dr. Aisha Wahab (SD10) Senator Dr. Aisha Wahab presented legislative updates to the City Council and responded to questions from the Council.
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December 9, 2025 | 6:00 PM Page 2 of 2
City Council
Special Meeting Minutes
4.2. Presentation on Lazuli Landing Project Construction Overview Contract Planner Carmichael and City Engineer Cangco presented Construction Overview information to the City Council and responded to questions from the Council.
5. ADJOURNMENT
Mayor Singh adjourned the meeting at 6:54 PM.
I HEREBY CERTIFY that the foregoing minutes were duly and regularly adopted at a regular meeting of the City Council of the City of Union City on January 13, 2026. /s/Thai Nam Pham, MMC, CPMC
City Clerk
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City Council Staff Report Page 1 of 1 January 13, 2026
Staff Report
Agenda Item No. 4.2
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Approve the December 9, 2025 City Council Regular Meeting Action Minutes
RECOMMENDATION
Staff recommends that the Council approve the meeting minutes.
Prepared by: Christopher Chang, Administrative Specialist, Confidential Submitted by: Thai Nam Pham, City Clerk
Attachments
1. Action Minutes
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MINUTES
CITY OF UNION CITY
CITY COUNCIL / SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
REGULAR MEETING
GARY SINGH, Mayor
SCOTT SAKAKIHARA, Vice Mayor (District 4)
LANCE NISHIHIRA, Councilmember (District 1)
JAMIE PATIÑO, Councilmember (District 2)
JEFF WANG, Councilmember (District 3)
Tuesday, December 9, 2025 | 7:00 PM
City Hall – Tom Kitayama City Council Chambers
34009 Alvarado-Niles Road, Union City, CA 94587
1. CALL TO ORDER
Mayor Singh called the meeting to order at 7:05 PM.
1.1. Pledge of Allegiance
Mayor Singh led the Pledge of Allegiance.
1.2. Roll Call
Attendance Attendee Name
Present Lance Nishihira, Councilmember
Jaime Patiño, Councilmember
Jeff Wang, Councilmember
Scott Sakakihara, Vice Mayor
Gary Singh, Mayor
Absent None
2. ORAL COMMUNICATIONS
Mayor Singh opened Oral Communications. The following speakers spoke on items that were not on the agenda:
Cathy Keesee
David Partida
Kevin Lamantia
Sharon Gregory
There being no further speakers, Mayor Singh closed Oral Communications. 37 of 471
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3. CONSENT CALENDAR
Motion: Approve the Consent Calendar.
RESULT: Pass
MOVER: Vice Mayor Sakakihara
SECONDER: Councilmember Wang
AYES: Councilmembers Nishihira, Patiño, Wang, Vice Mayor Sakakihara, and Mayor Singh
NOES: None
ABSENT: None
3.1. Approve the November 25, 2025 City Council Special Closed Session Action Minutes
A motion was made to approve the minutes.
3.2. Approve the November 25, 2025 City Council Special Meeting Action Minutes
A motion was made to approve the minutes.
3.3. Approve the November 25, 2025 City Council Regular Meeting Action Minutes
A motion was made to approve the minutes.
3.4. Adopt a Resolution to Confirm Council Assignments to Various Boards, Commissions, and Subcommittees for Calendar Year 2026
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-153
3.5. Adopt a Resolution Authorizing the City Manager to Enter into a Consulting Services Agreement with Workforce Integrity and Training Solutions (WITS), for an Amount Not to Exceed $100,000, Through June 30, 2027, to Support the Compliance and Coordination of the Community Workforce Agreement (CWA)
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-154
3.6. Adopt a Resolution Approving an Amendment to the City’s Compensation Plan and Adopting a Side Letter Agreement Between the City of Union City and the Operating Engineers, Local 3: Professionals’ Employee Group to Create the Position of Senior Environmental Programs Inspector and Approving An Amendment To The City’s Classification And Compensation Plan And Salary Schedule In Conformance With California Code Of Regulations, Title 2, Section 570.5
A motion was made to adopt the resolution.
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Enactment No.: Resolution No. 2025-155
3.7. Adopt a Resolution Approving an Amendment to Update the Class Specifications for the Classifications of Preschool Site Supervisor I A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-156
3.8. Adopt a Resolution Authorizing the City Manager to Enter Into a Lease Agreement with Inverness Management, LLC, Effective December 10, 2025, for a Police Substation, Located at 31079 Courthouse Drive, for $3,266.00 per Month, with a 4% Annual Increase
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-157
3.9. Adopt a Resolution Approving the Award of a Construction Contract to G.
Bortolotto & Company, Inc., in the Amount of $1,992,760, and Approving a Total Construction Budget in the Amount of $2,391,312, for the Annual Citywide Pavement Rehab Project, City Project No. 25-01 A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-158
3.10. Adopt a Resolution Authorizing the City Manager to Execute the Fourth Amendment to the Consulting Services Agreement with Rail Surveyors and Engineers, Inc., For Additional Compensation to Provide Engineering Services to Implement the Phase II Safety Improvements in Support of the At-Grade Pedestrian Crossing at BART Project, City Project No. 14-14
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-159
3.11. Adopt a Resolution Authorizing the City Manager to Execute the Fifth Amendment to the Consulting Services Agreement with Consor PMCM, Inc. for Inspection Services
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-160
3.12. Adopt a Resolution Authorizing the City Manager to Execute the First Amendment to the Consulting Services Agreement with Urban37, Inc., for Building Division Support, in a Form Approved by the City Attorney, to Increase the Agreement Amount by $425,500, for a Total Not to Exceed Amount of $500,000, and to Extend the Agreement Term to June 30, 2028 A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-161
3.13. Adopt a Resolution Certifying Completion of the Baseline Construction for the Union City Boulevard Bike Lanes Project, City Project No. 17-29, to Meet 39 of 471
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the Project Funding Deadline and Receive Full Funding Reimbursement as Required in Amendment No. 4 to the Project Funding Agreement No. A17- 0125 with Alameda County Transportation Commission
A motion was made to adopt the resolution.
Enactment No.: Resolution No. 2025-162
4. PUBLIC HEARINGS
4.1. Recommendation to Continue Public Hearing from December 9, 2025 to a Date Uncertain to Consider an Appeal or Consider an Appeal by Saurabh Talwar, Sunita Goyal, Christine Chen, Jon Kuo, Mohammad Fasiur Rahman, Weifeng Chen, and Wais Aubi of the Planning Commission’s Approval of Use Permit (UP-25-001) and Site Development Review (SD-25-001) for a New Wireless Facility at the Southern Alameda County Buddhist Church at 32975 Alvarado-Niles Road (APN: 475-0148-002-00); and Adopt a Resolution: (1) Denying the Appeal and Upholding the Planning Commission’s Approval of the Use Permit and Site Development Review; or (2) Denying the Appeal and Upholding the Planning Commission’s Approval of the Use Permit and Site Development Review, with Modified Conditions; or (3) Approving the Appeal and Denying the Use Permit and Site Development Review; or (4) Return the Matter Back to the Planning Commission. Staff is Recommending that This Project Be Considered Categorically Exempt from the California Environmental Quality Act (CEQA) Under Section 15303, New Construction or Conversion of Small Structures, of the CEQA Guidelines Economic and Community Development Director Campbell provided staff presentation and responded to questions from the Council.
Mayor Singh continued the Public Hearing at 7:38 PM. The following members spoke on the item:
Wais Ayubi
Eugene Ho
Marco Hernandez
There being no further speakers, Mayor Singh closed the Public Hearing at 7:45 PM.
Motion: Continue the public hearing for the appeal of the Planning Commission’s approval of UP-25-001 and SD-25-001 to a date uncertain to provide additional time to process an update to the applications to accommodate a modified project design and required zoning text amendments; and
Return the matter to the Planning Commission for recommendation to the City Council of the modified applications and proposed zoning text amendments.
RESULT: Pass
MOVER: Councilmember Patiño
SECONDER: Councilmember Wang
AYES: Councilmembers Nishihira, Patiño, Wang, Vice Mayor 40 of 471
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Sakakihara, and Mayor Singh
NOES: None
ABSENT: None
5. CITY MANAGER REPORTS
5.1. Waive Full Reading and Introduce by Title Only an Ordinance of the City Council of the City of Union City Amending Chapter 2.05 (Campaign Reporting Requirements) of the Union City Municipal Code City Clerk Pham provided staff presentation.
Motion: Waive full reading and introduce by title only an ordinance of the City Council of the City of Union City amending Chapter 2.05 (Campaign Reporting Requirements) of the Union City Municipal Code.
RESULT: Pass
MOVER: Vice Mayor Sakakihara
SECONDER: Councilmember Patiño
AYES: Councilmembers Nishihira, Patiño, Wang, Vice Mayor Sakakihara, and Mayor Singh
NOES: None
ABSENT: None
5.2. Adopt a Resolution Appointing the Vice Mayor for Calendar Year 2026 Mayor Singh nominated to the role of Vice Mayor.
Motion: Adopt a Resolution Appointing Councilmember Jaime Patiño the Vice Mayor for Calendar Year 2026.
RESULT: Pass
MOVER: Mayor Singh
SECONDER: Councilmember Wang
AYES: Councilmembers Nishihira, Patiño, Wang, and Mayor Singh NOES: Vice Mayor Sakakihara
ABSENT: None
5.3. Adopt a Resolution Approving the City of Union City Emergency Operations Plan (EOP) – 2025 Revision
Emergency Services Coordinator Martinez provided staff presentation and responded to questions from the Council.
Motion: Adopt a resolution approving the City of Union City Emergency Operations Plan, including the Base Plan and Functional Annex; affirming alignment of the City of Union City EOP with the Alameda County Operational Area Emergency Operations Plan; and authorizing the City manager, as the Director of Emergency Services, to implement the City of Union City EOP and make administrative updates as needed.
RESULT: Pass
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MOVER: Vice Mayor Patiño
SECONDER: Councilmember Wang
AYES: Councilmembers Nishihira, Sakakihara, Wang, Vice Mayor Patiño, and Mayor Singh
NOES: None
ABSENT: None
Enactment No.: Resolution No. 2025-164
6. SUCCESSOR AGENCY TO REDEVELOPMENT AGENCY
There were none.
7. ITEMS REFERRED BY COUNCIL
Vice Mayor Patiño reported attending the League of California Cities City Leaders Workshop and Board of Directors Meeting from December 3 to December 5 in Rancho Mirage, California.
Councilmember Sakakihara reported that the Housing Commission and Parks and Recreation Commission meetings for December are canceled, while the Ava Community Energy Board of Directors and Ava Community Energy Personnel Committee are still meeting.
Councilmember Wang reported that he will attend the Youth Commission meeting on December 10 and the Alameda County Waste Management Authority (StopWaste) regular meeting on December 11.
Councilmember Nishihira reported that the Human Relations Commission meeting for December has been canceled, and the Alameda County Library Commission has no further meetings scheduled at the moment. He also reported that the Revenue Measure Ad Hoc Committee is scheduled to meet on December 15, and the Joint City and District Meeting Committee will meet next on January 12, 2026.
Mayor Singh reported attending the Measure W Town Hall hosted by Supervisor Elisa Marquez, with Vice Mayor Patiño.
8. GOOD OF THE ORDER
Vice Mayor Patiño reported attending the Tennis Club Christmas Party on December 6 with Mayor Singh and Councilmember Wang. He also noted that he will be attending the National Association of Latino Elected & Appointed Officials (NALEO) Board Meeting on December 11 and the funeral for Union City Resident Luis Molina at Our Lady of the Rosary on December 13.
Councilmember Sakakihara reported that information about Council responsibilities is outlined in Section 2.2 of the Emergency Operations Plan - 2025 Revision.
Councilmember Wang reported attending the Tennis Club Christmas Party on December 6 and the Island Pacific Supermarket Christmas Event. He also noted that he will not be attending the League of Cities Christmas Party on December 11.
Councilmember Nishihira reported attending the Union City Police Officers’ Association Ornament Painting event on December 6. He also noted that on February 21, 2026, the New Haven Schools Foundation is hosting a gala at the club at Castlewood. He will also be attending the Cal Cities Planning Commissioner Academy on March 11, 2026. 42 of 471
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Mayor Singh reported that there will be a Tree Lighting Ceremony at Union Landing on December 13.
9. ADJOURNMENT
Mayor Singh adjourned the meeting at 8:17 PM.
I HEREBY CERTIFY that the foregoing minutes were duly and regularly adopted at a regular meeting of the City Council/Successor Agency to the Redevelopment Agency of the City of Union City on January 13, 2026.
/s/Thai Nam Pham, MMC, CPMC
City Clerk
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City Council Staff Report Page 1 of 1 January 13, 2026
Staff Report
Agenda Item No. 4.3
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Approve the December 16, 2025 City Council Special Meeting Action Minutes
RECOMMENDATION
Staff recommends Council approve the meeting minutes.
Prepared by: Thai Nam Pham, City Clerk
Submitted by: Thai Nam Pham, City Clerk
Attachments
1. Action Minutes
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MINUTES
THE CITY OF UNION CITY
CITY COUNCIL SPECIAL MEETING
GARY SINGH, Mayor
JAMIE PATIÑO, Vice Mayor (District 2)
LANCE NISHIHIRA, Councilmember (District 1)
JEFF WANG, Councilmember (District 3)
SCOTT SAKAKIHARA, Councilmember (District 4)
Tuesday, December 16, 2025 | 5:00 PM
City Hall – Tom Kitayama City Council Chambers
34009 Alvarado-Niles Road, Union City, CA 94587
1. CALL TO ORDER
Mayor Singh called the meeting to order at 5:01 PM.
2. ROLL CALL
Attendance Attendee Name
Present Lance Nishihira, Councilmember
Scott Sakakihara, Councilmember
Jeff Wang, Councilmember
Jaime Patiño, Vice Mayor
Gary Singh, Mayor
Absent None
3. ORAL COMMUNICATIONS - Comments Limited to Items on the Special Meeting Agenda
Mayor Singh opened Oral Communications. There being no speakers, Mayor Singh closed Oral Communications.
4. CONSENT CALENDAR
Councilmember Sakakihara requested Item 4.9 be pulled from the Consent Calendar. 45 of 471
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Motion: Approve the Consent Calendar Items 4.1 – 4.8.
RESULT: Pass
MOVER: Vice Mayor Patiño
SECONDER: Councilmember Wang
AYES: Councilmember Nishihira, Councilmember Sakakihara, Councilmember Wang, Vice Mayor Patiño, and Mayor Singh
NOES: None
ABSENT: None
4.1. Adopt a Resolution Accepting the Annual Report for Fiscal Year 2024-2025 Concerning Sources and Uses of Development Impact Fees Pursuant to Government Code Section 66000, et seq., and Making Certain Findings Related Thereto
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-165
4.2. Adopt a Resolution Approving Amendments to the City's Classification and Compensation Plan to Implement Previously Negotiated Cost-of-Living and Equity Adjustments, In Conformance With California Code of Regulations, Title 2, Section 570.5
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-166
4.3. Adopt a Resolution Approving Amendments to the City’s Classification and Compensation Plan for Unrepresented Part-Time, Seasonal, and Temporary Employees to Implement the Increase in the California Minimum Wage, Which Goes Into Effect on January 1, 2026, in Conformance With California Code of Regulations, Title 2, Section 570.5 A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-167
4.4. Adopt A Resolution Approving And Adopting A Side Letter To The Memorandum Of Understanding Between The City Of Union City And The Union City Police Management Association, And A Side Letter To The Memorandum Of Understanding Between The City Of Union City And Police Officers’ Association, For The Period Of January 1, 2025 Through December 31, 2027, To Update Sections 4.00 And 4.9 (Respectively) Regarding Holidays
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-168
4.5. Adopt a Resolution Authorizing the City Manager to Enter into a Consulting Services Agreement with Douglas Herring & Associates, for CEQA Mitigation Monitoring Services for the Lazuli Landing Project A motion was made to adopt the Resolution.
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Enactment No.: Resolution No. 2025-169
4.6. Adopt a Resolution Authorizing the City Manager to Enter into a Consulting Services Agreement with Helix Environmental Planning, Inc., for Environmental Review of a Proposed Drive-Through Restaurant located at 31900 Dyer Street
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-170
4.7. Adopt a Resolution Awarding a Contract to Gillig, LLC, for the Purchase of Eight (8) ABB 150 Kilowatt Electric Vehicle Supply Equipment (EVSE) Chargers and Eight (8) Heliox 60 Kilowatt Mobile EVSE Chargers through the California Association for Coordinated Transportation (CalACT) Cooperative Procurement #23-01, in the Amount of $1,701,453, as Part of the Union City Transit Fleet Electrification Project, City Project No. 22-11, and Authorizing the City Manager to Execute the Contract in a Form Approved by the City Attorney
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-171
4.8. Adopt a Resolution Awarding a Contract to Gillig, LLC, for the Purchase of Seven (7) Compressed Natural Gas (CNG) Thirty-Five Foot (35’) Heavy-Duty Fixed-Route Transit Vehicles (Buses) through the Washington State Department of Enterprise Services (WADES) Master Contract No. 06719, in the amount of $6,406,547, Authorizing the City Manager to execute the Contract in a Form Approved by the City Attorney, and Authorizing an Amendment to the Capital Improvement Plan
A motion was made to adopt the Resolution.
Enactment No.: Resolution No. 2025-172
4.9. Adopt a Resolution Accepting Completion of the Annual Sidewalk, Curb & Gutter, and Ramp Repair Project, City Project No. 25-03, and Approving the Application of $36,422 in Budget Savings in an Equally Proportional Discount to Each Property Owner’s Portion of the Cost of Construction The item was pulled from the Consent Calendar by Councilmember Sakakihara.
Motion: Adopt a resolution accepting completion of the Annual Sidewalk, Curb & Gutter, and Ramp Repair Project, City Project No. 25-03, and authorizing the release of the retention payment to the contractor.
Determination regarding the application of $36,422 in budget savings was deferred to a future meeting.
RESULT: Pass
MOVER: Councilmember Sakakihara
SECONDER: Councilmember Nishihira
AYES: Councilmembers Nishihira, Sakakihara, Wang, Vice Mayor Patiño, and Mayor Singh
NOES: None
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ABSENT: None
Enactment No.: Resolution No. 2025-173
5. CLOSED SESSION
5.1. Public Employee Appointment Pursuant to Government Code § 54957 Title: Finance Director
The City Council convened in Closed Session.
6. REPORT OUT OF CLOSED SESSION
Council returned to the City Council Chambers. Mayor Singh reported that the City Council unanimously approved the appointment of Chu Thai as Finance Director.
Mayor Singh announced a proposed Special City Council Meeting on Tuesday, January 6, 2026, at 5:00 PM, to discuss matters related to Centro de Servicio. No formal action was taken.
7. ADJOURNMENT
Mayor Singh adjourned the meeting at 5:23 PM.
I HEREBY CERTIFY that the foregoing minutes were duly and regularly adopted at a regular meeting of the City Council of the City of Union City on January 13, 2026. /s/Thai Nam Pham, MMC, CPMC
City Clerk
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City Council Staff Report Page 1 of 2 January 13, 2026
Staff Report
Agenda Item No. 4.4
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Adopt a Resolution Receiving and Accepting the Audited Financial Statements for the Fiscal Year Ended June 30, 2024 (FY 2023-24)
EXECUTIVE SUMMARY
Staff recommends that the City Council adopt the attached resolution to receive and accept the Audited Financial Statements for the Fiscal Year Ended June 30, 2024 (FY 2023-24).
STRATEGIC PLAN ALIGNMENT
This agenda item does not align directly with the Strategic Plan.
BACKGROUND
Annually, the City of Union City is required to obtain an independent audit of the City's fiscal activities. The City’s independent auditor, Badawi & Associates, has completed its audit of the City’s FY 2023-24 financial activity and has assisted the Finance staff in preparing the financial statements.
DISCUSSION
On December 23, 2025, the City Council Finance Subcommittee met with staff and Badawi & Associates, the City’s Auditors, to review the results of the financial audit for the Fiscal Year Ended June 30, 2024 (FY 2023-24). The Audited Financial Statements are attached to this staff report, and a copy of the PowerPoint presentation made by Badawi & Associates at the Finance Committee meeting is also attached. The auditor’s opinion on the financial statements is an “unmodified opinion,” which means that the auditors have found that the City’s financial statements are presented fairly in all material respects.
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Agenda Item No. 4.4
City Council Staff Report Page 2 of 2 January 13, 2026 3 3 Provided below is a summary of the General Fund results for the fiscal year ended June 30, 2024:
General Fund: FY 2023-24
6-30-2022 Unrestricted Fund Balance 47,860,069
FY 2023-24 Revenues 84,673,306
FY 2023-24 Expenditures $85,317,839
Change in Fund Balance (644,533)
6-30-2024 Unrestricted Fund Balance 48,632,224
Unrestricted Fund Balance as a % of Expenditures 60.0%
Fund Balance – Approximate Months of Coverage 7 months
The Government Finance Officers Association (GFOA) recommends that cities have a fund balance sufficient to cover operations for 2 months in case of emergencies; the City of Union City has enough General Fund balance to cover our operations for 7 months.
While the City does have a significant general fund balance (reserves), the long-term financial forecast still projects a structural deficit. The recent passage of the business license tax measure, which restructures our outdated business license tax, will help reduce the structural deficit but will not entirely eliminate it, especially given increasing costs and the pending sunset of the utility users’ tax. Staff will continue to engage with the City Council on other ways to eliminate the structural deficit.
The Audited Financial Statements for the Fiscal Year Ended June 30, 2024, were completed late due to the lingering impacts of the September 2019 cyberattack, a significant software migration, and staff turnover. Finance staff are currently working on the FY 2024-25 year-end closing and annual audit, and our goal is to produce the FY 2024-25 financial statements by March 2026.
FISCAL IMPACT
There is no fiscal impact as a result of accepting the Audited Financial Statements for the Fiscal Year Ended June 30, 2024 (FY 2023-24).
RECOMMENDATION
Staff recommends that the City Council adopt the attached resolution to receive and accept the Audited Financial Statements for the Fiscal Year Ended June 30, 2024 (FY 2023-24).
Submitted by: Chu Thai, Finance Director
Attachments
1. Draft Resolution
2. Exhibit A - Basic Financial Statement for FY Ended June 30, 2024
3. PowerPoint Presentation – Badawi and Associates
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RESOLUTION NO. 2026-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNION CITY
RECEIVING AND ACCEPTING THE AUDITED FINANCIAL
STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024 (FY
2023-24)
WHEREAS, the Audited Financial Statements for the fiscal year ended June 30, 2024, have been submitted to the City Council by City staff and the City’s Auditors, Badawi & Associates; and
WHEREAS, the Audited Financial Statements for the year ended June 30, 2024, were reviewed and discussed by the City Council Finance Subcommittee on December 23, 2025.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Union City hereby receives and accepts the Audited Financial Statements for the fiscal year ended June 30, 2024, attached hereto as Exhibit A.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Union City at a special meeting held on January 13, 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
APPROVED:
GARY SINGH
Mayor
ATTESTED: APPROVED AS TO FORM:
THAI NAM N. PHAM
City Clerk
KRISTOPHER J. KOKOTAYLO
City Attorney
Attachments:
1. Exhibit A – Audited Financial Statements for FY Ending June 30, 2024 51 of 471
CITY OF UNION CITY, CALIFORNIA
BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
Prepared by the
Finance Department of the City of Union City
Exhibit A
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City of Union City
Table of Contents
Page
Financial Section
Independent Auditor’s Report ............................................................................................................................... 1 Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position ............................................................................................................................... 8 Statement of Activities................................................................................................................................... 10 Fund Financial Statements:
Governmental Funds Financial Statements:
Balance Sheet ............................................................................................................................................... 16 Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position .......................................................................... 18 Statement of Revenues, Expenditures and Changes in Fund Balances .............................................. 20 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities ............................................................................................................................ 22 Proprietary Fund Financial Statements:
Statement of Net Position .......................................................................................................................... 25 Statement of Revenues, Expenses and Changes in Net Position ......................................................... 26 Statement of Cash Flows ............................................................................................................................ 27 Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Position ........................................................................................................ 30 Statement of Changes in Fiduciary Net Position.................................................................................... 31 Notes to Basic Financial Statements ................................................................................................................... 33 53 of 471
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Page
Financial Section, Continued
Required Supplementary Information:
Budgetary Basis of Accounting:
Budgetary Control and Budgetary Accounting ............................................................................................ 82 Budgetary Comparison Schedule, General Fund ......................................................................................... 83 Budgetary Comparison Schedule,
Low- and Moderate-Income Housing Special Revenue Fund ................................................................. 84 Schedule of Changes in the Net Pension Liability and Related Ratios ...................................................... 86 Schedule of City’s Proportionate Share of the Net Pension Liability ........................................................ 88 Schedule of Pension Contributions ................................................................................................................. 90 Schedule of Changes in Net OPEB Liability and Related Ratios During the Measurement Period ............................................................................................................................... 92 Schedule of OPEB Contributions .................................................................................................................... 93 Supplementary Information:
Non-Major Governmental Funds:
Combining Balance Sheet ............................................................................................................................... 100 Combined Statement of Revenues, Expenditures
and Changes in Fund Balances .................................................................................................................. 110 Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual:
Measure B/ACTIA Special Revenue Fund .............................................................................................. 119 Special Parks Special Revenue Fund ......................................................................................................... 120 State Gas Tax Special Revenue Fund ........................................................................................................ 121 Street Lights and Landscaping Special Revenue Fund ........................................................................... 122 Housing and Community Development Special Revenue Fund .......................................................... 123 HOME Special Revenue Fund .................................................................................................................... 124 DIPSA Development Special Revenue Fund ........................................................................................... 125 CFD Maintenance Districts Special Revenue Fund ................................................................................ 126 EMS Enhancement Special Revenue Fund ............................................................................................... 127 Traffic Signalization Special Revenue Fund ............................................................................................. 128 Supplemental Law Enforcement Special Revenue Fund ....................................................................... 129 Clean Water Program Special Revenue Fund .......................................................................................... 130 Recycling and Waste Management Special Revenue Fund ................................................................... 131 Used Oil Block Grant Special Revenue Fund ........................................................................................... 132 Housing In-Lieu Special Revenue Fund ................................................................................................... 133 Public Safety Parcel Tax Special Fund ...................................................................................................... 134 Union Landing PBID Special Revenue Fund ........................................................................................... 135 Alameda County Waste Import Mitigation Special Fund ...................................................................... 136 Solid Waste Management Special Revenue Fund ................................................................................... 137 Asset Forfeiture State Special Revenue Fund ......................................................................................... 138 Measure F Special Revenue Fund .............................................................................................................. 139 54 of 471
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Page
Financial Section, Continued
Supplementary Information, Continued
Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual, Continued:
CUPA Enforcement Special Revenue Fund ............................................................................................ 140 Youth Violence Prevention & Intervention Special Revenue Fund ...................................................... 141 Measure D Waste Reduction/Recycling Special Revenue Fund .......................................................... 142 Affordable Housing Special Revenue Fund ............................................................................................. 143 Public Art Special Revenue Fund .............................................................................................................. 144 Measure BB Special Revenue Fund ........................................................................................................... 145 Cable TV PEG Special Revenue Fund ....................................................................................................... 146 Rent Mediation/Eviction Protection Special Revenue Fund ................................................................. 147 Traffic Congestion Special Revenue Fund ............................................................................................... 148 SB 1 Maintenance & Rehab Special Revenue Fund ................................................................................ 149 Affordable Housing Impact Fee Special Revenue Fund ....................................................................... 150 Pension Stabilization Special Revenue Fund ........................................................................................... 151 SB 1383 Recycle Special Revenue Fund .................................................................................................... 152 Beverage Container Recycling Special Revenue Fund ........................................................................... 153 Office of Traffic Safety Special Revenue Fund ......................................................................................... 154 Homeless Provider Incubator Special Revenue Fund ............................................................................ 155 Police Miscellaneous Grants Special Revenue Fund ............................................................................... 156 National Opioid Settlement Special Revenue Fund ................................................................................ 157 Homeless Housing Assistance Prevention Fund..................................................................................... 158 Cannabis Community Benefits Special Revenue Fund .......................................................................... 159 Community and Recreational Services Grants and Contributions Special Revenue Fund............... 160 Pension Obligation Bonds Debt Service Fund ......................................................................................... 161 Community Facilities District Debt Services Fund ................................................................................. 162 Internal Service Funds:
Combining Statement of Net Position .......................................................................................................... 164 Combining Statement of Revenues, Expenses and Changes in Net Position ......................................... 165 Combining Statement of Cash Flows ........................................................................................................... 166 General Fund:
Combining Balance Sheet ............................................................................................................................... 168 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .............................. 170
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual General Fund ................................................................................................................................................... 172 Post-Employment Medical Benefits Fund ................................................................................................... 173 Fire Equipment Acquisition Fund ................................................................................................................ 174 Leisure Revolving Fund ................................................................................................................................. 175 Allied Waste Vehicle Fund ............................................................................................................................ 176 Code Enforcement Fund ................................................................................................................................ 177 Corporation Yard and Fuel Facility Maintenance Fund ............................................................................ 178 55 of 471
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INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and Members of the City Council
of the City of Union City
Union City, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the businesstype activities, each major fund, and the aggregate remaining fund information of the City of Union City, California (City) as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2024, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibility of Management’s for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 1 57 of 471
To the Honorable Mayor and Members of the City Council
of the City of Union City
Union City, California
Auditor’s Responsibility for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the budgetary comparison information, pension required supplementary information, and OPEB required supplementary information on pages 82-93, be presented to supplement the basic financial statements.
Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance.
2 58 of 471
To the Honorable Mayor and Members of the City Council
of the City of Union City
Union City, California
Management has omitted the management’s discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual nonmajor fund financial statements, budgetary comparison schedules, and General Fund schedules on pages 100-178 are presented for purposes of additional analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements, the budgetary comparison schedules and General Fund schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements.
Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements, the budgetary comparison schedules, and General Fund schedules on pages 100-178 are fairly stated in all material respects in relation to the basic financial statements as a whole.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 11, 2025 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Badawi & Associates, CPAs
Emeryville, California
December 11, 2025
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4 60 of 471
BASIC FINANCIAL STATEMENTS
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6 62 of 471
GOVERNMENT-WIDE FINANCIAL STATEMENTS
7 63 of 471
City of Union City
Statement of Net Position
June 30, 2024
Governmental Business-Type
Activities Activities Total
ASSETS
Current assets:
Cash and investments $ 117,494,380 $ - $ 117,494,380
Restricted cash and investments 21,574,086 - 21,574,086 Receivables:
Tax 5,117,275 244,396 5,361,671
Leases - current portion 141,241 - 141,241
Accounts, net 691,865 649,012 1,340,877
Interest 7,128,783 - 7,128,783
Intergovernmental 1,846,589 3,937,363 5,783,952
Prepaid items and deposits 128,819 - 128,819
Internal balances 4,888,103 (4,888,103) -
Total current assets 159,011,141 (57,332) 158,953,809
Noncurrent assets:
Leases receivable - noncurrent portion 1,616,988 - 1,616,988 Loans receivable 35,654,310 - 35,654,310
Land held for resales, net of allowance for decline in value 107,976,711 - 107,976,711 Capital assets:
Non-depreciable 80,981,650 - 80,981,650
Depreciable, net 144,016,515 2,897,823 146,914,338
Total capital assets 224,998,165 2,897,823 227,895,988
Total noncurrent assets 370,246,174 2,897,823 373,143,997 TOTAL ASSETS 529,257,315 2,840,491 532,097,806
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to debt refunding 132,809 - 132,809 Deferred outflows related to OPEB 6,967,135 - 6,967,135 Deferred outflows related to pension 43,769,242 - 43,769,242 TOTAL DEFERRED OUTFLOWS OF RESOURCES 50,869,186 - 50,869,186 (Continued)
Primary Government
See accompanying Notes to Basic Financial Statements.
8 64 of 471
City of Union City
Statement of Net Position
June 30, 2024
Governmental Business-Type
Activities Activities Total
Primary Government
LIABILITIES
Current liabilities:
Accounts payable 6,306,590 1,458,293 7,764,883
Accrued payroll 973,771 - 973,771
Interest payable 191,805 - 191,805
Deposits payable 7,251,380 - 7,251,380
Other accrued liabilities 1,608,177 - 1,608,177
Due to other agencies 96,696 - 96,696
Unearned revenue 664,528 1,578 666,106
Accrued general liabilities claims - due within one year 225,923 - 225,923 Accrued workers' compensation claims - due within one year 1,002,628 - 1,002,628 Compensated absences - due within one year 1,530,062 15,829 1,545,891 Long-term debt - due within one year 4,869,298 - 4,869,298 Total current liabilities 24,720,858 1,475,700 26,196,558 Noncurrent liabilities:
Net pension liabilities 118,904,600 - 118,904,600
Net OPEB liability 4,539,153 - 4,539,153
Accrued liability for capital projects 49,458,628 - 49,458,628 Accrued general liabilities claims - due in more than one year 1,178,201 - 1,178,201 Accrued workers' compensation claims - due in more than one year 4,737,372 - 4,737,372 Compensated absences - due in more than one year 1,624,732 38,245 1,662,977 Long-term debt - due in more than one year 97,715,285 - 97,715,285 Total noncurrent liabilities 278,157,971 38,245 278,196,216 TOTAL LIABILITIES 302,878,829 1,513,945 304,392,774
DEFERRED INFLOWS OF RESOURCES
Deferred inflow related to pension 4,402,660 - 4,402,660 Deferred inflow related to OPEB 4,289,543 - 4,289,543
Deferred inflow related to leases 1,735,423 - 1,735,423 TOTAL DEFERRED INFLOWS OF RESOURCES 10,427,626 - 10,427,626
NET POSITION
Net investment in capital assets 167,411,343 2,897,823 170,309,166 Restricted for:
Capital projects 32,386,416 - 32,386,416
Debt service 6,817,940 - 6,817,940
Community development 47,118,171 - 47,118,171
Specific projects and programs 28,806,966 - 28,806,966
Total restricted 115,129,493 - 115,129,493
Unrestricted (15,720,790) (1,571,277) (17,292,067)
TOTAL NET POSITION $ 266,820,046 $ 1,326,546 $ 268,146,592 (Concluded)
9 65 of 471
City of Union City
Statement of Activities
For the year ended June 30, 2024
Operating Capital
Charges for Grants and Grants and
Functions / Programs Expenses Services Contributions Contributions Total Primary Government:
Governmental activities:
General government $ 24,724,071 $ 2,320,086 $ 3,798,705 $ 163,941 $ 6,282,732 Public safety 50,463,970 515,180 1,211,992 - 1,727,172
Housing and community development 874,663 602,790 1,161,124 - 1,763,914 Community and recreation services 7,772,425 2,181,358 617,752 - 2,799,110 Economic and community development 4,774,883 66,929 4,331,646 - 4,398,575 Public works 15,459,141 3,692,017 4,359,416 56,138 8,107,571 Interest on long-term debt (unallocated) 830,736 - - - - Total governmental activities 104,899,889 9,378,360 15,480,635 220,079 25,079,074 Business-type activities:
Transit 7,600,273 261,732 5,916,526 108,101 6,286,359
Paratransit 1,747,961 31,171 1,845,366 - 1,876,537
Total business-type activities 9,348,234 292,903 7,761,892 108,101 8,162,896 Total primary government $ 114,248,123 $ 9,671,263 $ 23,242,527 $ 328,180 $ 33,241,970 General Revenues and Transfers:
Taxes:
Property taxes
Transient occupancy tax
Sales taxes
Franchise taxes
Business license tax
Real property transfer tax
Utility users tax
Total taxes
Investment earnings (loss)
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position - beginning of year
Net position - end of year
Program Revenues
See accompanying Notes to Basic Financial Statements.
10 66 of 471
Governmental Business-Type
Activities Activities Total
$ (18,441,339) $ - $ (18,441,339)
(48,736,798) - (48,736,798)
889,251 - 889,251
(4,973,315) - (4,973,315)
(376,308) - (376,308)
(7,351,570) - (7,351,570)
(830,736) - (830,736)
(79,820,815) - (79,820,815)
- (1,313,914) (1,313,914)
- 128,576 128,576
- (1,185,338) (1,185,338)
$ (79,820,815) $ (1,185,338) $ (81,006,153)
37,364,558 - 37,364,558
1,545,226 - 1,545,226
18,382,379 - 18,382,379
6,386,526 - 6,386,526
2,359,247 - 2,359,247
280,526 - 280,526
6,596,476 - 6,596,476
72,914,938 - 72,914,938
6,916,524 5,508 6,922,032
749,077 - 749,077
107,483 (107,483) -
80,688,022 (101,975) 80,586,047
867,207 (1,287,313) (420,106)
265,952,839 2,613,859 268,566,698
$ 266,820,046 $ 1,326,546 $ 268,146,592
and Changes in Net position
Net (Expense) Revenue
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12 68 of 471
FUND FINANCIAL STATEMENTS
Governmental Fund Financial Statements
Proprietary Fund Financial Statements
Fiduciary Fund Financial Statements
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14 70 of 471
GOVERNMENTAL FUND FINANCIAL STATEMENTS
General Fund
The General Fund is the general operating fund of the City. This fund accounts for all financial resources and activities not required to be accounted for in other funds.
Low- and Moderate-Income Housing Fund
This fund accounts for housing assets that were transferred from the dissolved Redevelopment Agency's Low- and Moderate-Income Housing Fund which have been specifically defined by Assembly Bill 1484.
Capital Improvement Fund
This fund accounts for major equipment acquisitions or construction projects funded primarily by grants.
Public Improvement Fund
This fund was established by City Council resolution. The funding source for the Public Improvement Fund is the 2011 Tax Allocation Bond proceeds released by the bond trustee to the City. These funds will be used to continue the public improvements undertaken by the former Redevelopment Agency. 15 71 of 471
Balance Sheet
Governmental Funds
June 30, 2024
Low-and
Moderate-Income Capital Public
General Housing Improvement Improvement
Fund Fund Fund Fund
ASSETS
Cash and investments $ 48,391,250 $ 2,492,747 $ 1,209,822 $ 10,281,987 Restricted cash and investments - - - -
Receivables:
Taxes 4,660,638 - - -
Leases 1,758,229 - - -
Accounts 585,782 - - -
Interest 870,852 5,101,852 - -
Intergovernmental 75,968 12,470 663,480 1,867
Due from other funds 6,636,801 - - -
Loans receivable - 32,370,305 - -
Prepaid items and condemnation deposits 127,622 - - -
Property held for resale, net of allowance for
decline in value 86,184,000 - - 21,792,711
Total assets $ 149,291,142 $ 39,977,374 $ 1,873,302 $ 32,076,565
LIABILITIES
Accounts payable $ 3,801,268 $ - $ 1,114,672 $ 215,611
Accrued payroll 973,771 - - -
Other accrued liabilities 213,097 - 34,939 38,773
Due to other funds - - - -
Due to other agencies 96,696 - - -
Deposit payable 7,251,380 - - -
Unearned revenue 345,391 - - -
Total liabilities 12,681,603 - 1,149,611 254,384
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 31,383 5,182,409 564,235 1,867
Leases 1,735,423 - - -
Total deferred inflows of resources 1,766,806 5,182,409 564,235 1,867 Fund Balances (Deficits):
Nonspendable 127,622 - - -
Restricted 86,210,509 34,794,965 - 31,820,314
Committed - - 159,456 -
Assigned 22,680,412 - - -
Unassigned 25,824,190 - - -
Total fund balance 134,842,733 34,794,965 159,456 31,820,314 Total liabilities, deferred inflows of
resources and fund balances $ 149,291,142 $ 39,977,374 $ 1,873,302 $ 32,076,565 City of Union City
See accompanying Notes to Basic Financial Statements.
16 72 of 471
Non-Major Total
Governmental Governmental
Funds Funds
$ 40,079,628 $ 102,455,434
20,716,649 20,716,649
456,637 5,117,275
- 1,758,229
100,796 686,578
1,156,079 7,128,783
1,092,804 1,846,589
279,934 6,916,735
3,284,005 35,654,310
1,197 128,819
- 107,976,711
$ 67,167,729 $ 290,386,112
$ 928,395 6,059,946
- 973,771
1,321,368 1,608,177
2,075,433 2,075,433
- 96,696
- 7,251,380
319,137 664,528
4,644,333 18,729,931
1,438,218 7,218,112
- 1,735,423
1,438,218 8,953,535
1,197 128,819
58,344,415 211,170,203
4,444,682 4,604,138
- 22,680,412
(1,705,116) 24,119,074
61,085,178 262,702,646
$ 67,167,729 $ 290,386,112
17 73 of 471
City of Union City
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position
Total Fund Balances - Total Governmental Funds $ 262,702,646
Capital assets used in governmental activities were not current financial resources.
Therefore, they were not reported in the Governmental Funds Balance Sheet. Except for the internal service funds reported below, the capital assets were adjusted as follows:
GovernmentWide Statement of
Net Position
Internal Service
Funds
- Non-depreciable $ 80,981,650 $ - 80,981,650
- Depreciable, net 144,016,515 2,122,420 141,894,095
Total capital assets $ 224,998,165 $ 2,122,420 222,875,745
In the Government-Wide Financial Statements, accounting losses on debt refunding are amortized over the life of the bonds. However this loss in not reported in governmental fund activity. 132,809
In the Government-Wide Financial Statements, deferred employer contributions for pension and OPEB, certain differences between actuarial estimates and actual results, and other adjustments resulting from changes in assumptions and benefits are deferred in the current year.
Deferred outflow of resources - OPEB 6,967,135
Deferred inflow of resources - OPEB (4,289,543)
Deferred outflow of resources - pension 43,769,242
Deferred inflow of resources - pension (4,402,660) 42,044,174 Interest payable on long-term debt did not require current financial resources.
Therefore, interest payable was not reported as a liability in Governmental Funds Balance Sheet. (191,805)
Deferred inflows of resources recorded in the Fund Financial Statements resulting from activities in which revenues were earned but funds were not available are reclassified as revenues in the Government-Wide Financial Statements. 7,218,112 Internal Service Funds were used by management to charge the costs of certain activities, such as insurance, to individual funds. The assets and liabilities of the Internal Service Funds were included in governmental activities in the GovernmentWide Statement of Net Position. 10,666,437
Long-term liabilities were not due and payable in the current period. Therefore, they were not reported in the Governmental Funds Balance Sheet.
GovernmentWide Statement of
Net Position
Internal Service
Funds
- Net pension liability $ (118,904,600) $ - (118,904,600) - Net OPEB liability (4,539,153) - (4,539,153)
- Compensated absences - due within one year (1,530,062) (7,319) (1,522,743) - Compensated absences - due in more than one year (1,624,732) (6,367) (1,618,365) - Accrued liabilities for capital projects (49,458,628) - (49,458,628) - Long-term debt - due within one year (4,869,298) - (4,869,298) - Long-term debt - due in more than one year (97,715,285) - (97,715,285) Total long-term liabilities $ (278,641,758) $ (13,686) (278,628,072)
Net Position of Governmental Activities $ 266,820,046
June 30, 2024
Amounts reported for governmental activities in the Statement of Net Position were different because:
See accompanying Notes to Basic Financial Statements.
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City of Union City
Governmental Funds
For the year ended June 30, 2024
Low-and
Moderate-Income Capital
General Housing Improvement
Fund Fund Fund
REVENUES:
Taxes and special assessments $ 63,345,564 $ - $ -
Licenses, permits and fees 6,623,612 - -
Fines and forfeitures 351,480 - -
Intergovernmental 295,120 - 3,615,742
Charges for services 6,439,285 - -
Investment income 4,187,608 139,894 -
Other 1,939,776 29,970 -
Total revenues 83,182,445 169,864 3,615,742
EXPENDITURES:
Current:
General government 14,890,268 - -
Public safety 44,389,992 - -
Housing and community development - 4,356 -
Community and recreation services 6,290,426 - -
Economic and community development 4,114,142 - -
Public works 9,497,308 - 2,949,620
Capital outlay 669,526 - -
Debt service:
Principal repayment 1,082,708 - -
Interest and fiscal charges 122,003 - -
Total expenditures 81,056,373 4,356 2,949,620
REVENUES OVER (UNDER) EXPENDITURES 2,126,072 165,508 666,122 OTHER FINANCING SOURCES (USES):
Transfers in 800,000 - 69,383
Transfers out (4,261,466) - -
Long term debt proceeds 690,861 - -
Total other financing sources (uses) (2,770,605) - 69,383 Net change in fund balances (644,533) 165,508 735,505
FUND BALANCES (DEFICITS):
Beginning of year 135,487,266 34,629,457 (576,049)
`
End of year $ 134,842,733 $ 34,794,965 $ 159,456
Statement of Revenues, Expenditures and Changes in Fund Balances See accompanying Notes to Basic Financial Statements.
20 76 of 471
Public Non-Major Total
Improvement Governmental Governmental
Fund Funds Funds
$ - $ 11,370,563 $ 74,716,127
- - 6,623,612
- (4,186) 347,294
- 4,836,397 8,747,259
- 1,067,713 7,506,998
264,530 2,446,638 7,038,670
- 709,318 2,679,064
264,530 20,426,443 107,659,024
- 1,080,108 15,970,376
- 1,571,616 45,961,608
- 721,052 725,408
- 821,551 7,111,977
- 355,802 4,469,944
723,875 9,825,059 22,995,862
- 809,857 1,479,383
- 3,489,112 4,571,820
- 449,597 571,600
723,875 19,123,754 103,857,978
(459,345) 1,302,689 3,801,046
- 4,774,780 5,644,163
- (627,055) (4,888,521)
- - 690,861
- 4,147,725 1,446,503
(459,345) 5,450,414 5,247,549
32,279,659 55,634,764 257,455,097
$ 31,820,314 $ 61,085,178 $ 262,702,646
21 77 of 471
City of Union City
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities For the year ended June 30, 2024
Net Change in Fund Balances - Total Governmental Funds $ 5,247,549 Governmental funds reported additions of capital assets as capital outlay and program expenditures. However, in the Government-Wide Statement of Activities, the cost of those assets was allocated over their estimated useful lives as depreciation expense. This was the amount of capital assets purchased in the current period. 9,925,926 Depreciation expense on capital assets was reported as an expenditure in the Government-Wide Statement of Activities and Changes in Net Position, but they did not require the use of current financial resources.
Therefore, depreciation expense was not reported as an expenditure in governmental funds. (9,118,560)
Pension expense in the Statement of Activities is recognized on the full accrual basis of accounting in accordance with GASB Statement No. 68. (21,534,098)
Employer contributions for pension were recorded as expenditures in the governmental funds. However, in the Government-Wide Financial Statements, these contributions are deferred. 13,252,862 Revenues that have not met the revenue recognition criteria in the Fund Financial Statements are recognized as revenue in the Government-Wide Statement of Activities. (1,999,414) In the Government-Wide Financial Statements, accounting losses on debt refunding are amortized over the life of the bonds. However, this loss is not reported in governmental fund activity. (26,562) Employer contributions for OPEB were recorded as expenditures in the governmental funds. However, in the Government-Wide Financial Statements, these contributions are deferred. 1,332,678 OPEB expense does not require the use of current financial resources, and therefore, is not reported as an expenditure in governmental funds. (594,566)
Accrued vacation payable was an expenditure in governmental funds, but payout of accrued leave time decreased liabilities in the Government-Wide Statement of Net Position. (79,002) Proceeds from long-term debt are considered to be current financial resources and are recorded as other financing sources in the governmental funds. However, in the Government-Wide Financial Statements, issuance of new debt is recognized as long-term liabilities. (690,861) Repayment of debt principal was an expenditure in governmental funds, but the repayment reduced long-term liabilities in the Government-Wide Statement of Net Position. 4,571,820 Interest expense on long-term debt was reported in the Government-Wide Statement of Activities, but did not require the use of current financial resources. Therefore, interest expense was not reported as an expenditure in governmental funds. The following amount represents the change in accrued and accreted interest from the prior year. (232,575)
Internal service funds were used by management to charge the costs of certain activities to individual funds.
The net revenue of the Internal Service Funds was reported with governmental activities. 812,010 Change in Net Position of Governmental Activities $ 867,207 Amounts reported for governmental activities in the Statement of Activities were different because:
See accompanying Notes to Basic Financial Statements.
22 78 of 471
PROPRIETARY FUND FINANCIAL STATEMENTS
Transit Fund
This fund accounts for the operation and management of the City's fixed-route bus system. This system is operated and maintained by an independent transit management company under contract with the City.
Paratransit Fund
This fund accounts for the operation and management of the City's paratransit system. This system is operated and maintained by an independent transit management company under contract with the City.
Internal Service Funds
These funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis. 23 79 of 471
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24 80 of 471
Statement of Net Position
Proprietary Funds
June 30, 2024
Governmental
Activities
Internal
Transit Paratransit Totals Service Funds
ASSETS
Current assets:
Cash and investments $ - $ - $ - $ 15,038,946
Restricted cash and investments - - - 857,437
Receivables:
Taxes 153,452 90,944 244,396 -
Accounts 15,542 633,470 649,012 5,287
Intergovernmental 3,695,035 242,328 3,937,363 -
Due from other funds - - - 57,157
Total current assets 3,864,029 966,742 4,830,771 $15,958,827 Noncurrent assets:
Depreciable, net 2,558,339 339,484 2,897,823 2,122,420
Total capital assets 2,558,339 339,484 2,897,823 2,122,420 Total noncurrent assets 2,558,339 339,484 2,897,823 2,122,420 Total assets 6,422,368 1,306,226 7,728,594 18,081,247
LIABILITIES
Current liabilities:
Accounts payable 1,069,821 388,472 1,458,293 246,644
Due to other funds 3,920,649 967,454 4,888,103 10,356
Unearned revenue 1,578 - 1,578 -
Compensated absences - due within one year 10,289 5,540 15,829 7,319 General liability claims - due within one year - - - 225,923 Workers' compensation claims - due within one year - - - 1,002,628 Total current liabilities 5,002,337 1,361,466 6,363,803 1,492,870 Noncurrent liabilities:
Advances from other funds - - -
Compensated absences - due in more than one year 24,859 13,386 38,245 6,367 General liability claims - due in more than one year - - - 1,178,201 Workers' compensation claims - due in more than one year - - - 4,737,372 Total noncurrent liabilities 24,859 13,386 38,245 5,921,940 Total liabilities 5,027,196 1,374,852 6,402,048 7,414,810
NET POSITION
Net investment in capital assets 2,558,339 339,484 2,897,823 2,122,420 Unrestricted (1,163,167) (408,110) (1,571,277) 8,544,017 Total net position $ 1,395,172 $ (68,626) $ 1,326,546 $ 10,666,437 Business-type Activities
City of Union City
See accompanying Notes to Basic Financial Statements.
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City of Union City
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the year ended June 30, 2024
Governmental
Activities
Internal
Transit Paratransit Totals Service Funds
OPERATING REVENUES:
Charges for services $ 261,732 $ 31,171 $ 292,903 $ 7,051,613 Total operating revenues 261,732 31,171 292,903 7,051,613 OPERATING EXPENSES:
Garage operations - - - 1,129,684
Payroll and related costs 336,844 140,703 477,547 -
Purchased transportation 5,800,402 - 5,800,402 -
Paratransit contract - 1,279,955 1,279,955 -
Workers' compensation claims and premiums - - - 1,170,577 Other insurance - - - 2,770,395
Administration 188,267 67,675 255,942 203,483
Depreciation 610,410 169,660 780,070 407,403
Services and supplies 664,350 89,968 754,318 -
Total operating expenses 7,600,273 1,747,961 9,348,234 5,681,542 OPERATING INCOME (LOSS) (7,338,541) (1,716,790) (9,055,331) 1,370,071 NONOPERATING REVENUES (EXPENSES):
Intergovernmental 6,024,627 1,845,366 7,869,993 -
Investment income 9,809 (4,301) 5,508 -
Other revenues - - - 90,098
Total nonoperating revenues (expenses) 6,034,436 1,841,065 7,875,501 90,098 INCOME (LOSS) BEFORE TRANSFERS (1,304,105) 124,275 (1,179,830) 1,460,169 Transfer out (58,568) (48,915) (107,483) (648,159)
Change in net position (1,362,673) 75,360 (1,287,313) 812,010 Net position:
Beginning of year 2,757,845 (143,986) 2,613,859 9,854,427 End of year $ 1,395,172 $ (68,626) $ 1,326,546 $ 10,666,437 1,395,172 - 68,626 10,666,437
Business-type Activities
See accompanying Notes to Basic Financial Statements.
26 82 of 471
Statement of Cash Flows
Proprietary Funds
For the year ended June 30, 2024
Governmental
Activities
Internal
Transit Paratransit Totals Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers $ 246,287 $ (599,549) $ (353,262) $ 7,004,812 Payments to suppliers (6,306,146) (1,316,111) (7,622,257) (4,839,524) Payments for employee services (536,356) (214,433) (750,789) (189,797) Net cash provided by (used in) operating activities (6,596,215) (2,130,093) (8,726,308) 1,975,491 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: - -
-
Operating grants received 5,887,272 1,613,625 7,500,897 - Cash receipts from other revenues - - - 90,098
Transfers to/from other funds 699,133 520,770 1,219,903 (648,159) Net cash provided by noncapital financing activities 6,586,405 2,134,395 8,720,800 (558,061) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Cash paid for the acquisition/construction of capital assets 1 (1) - (635,324) Cash receipts from sale of assets - - - -
Net cash provided by (used in) capital and related financing activities 1 (1) - (635,324) CASH FLOWS FROM INVESTING ACTIVITIES:
Interest income 9,809 (4,301) 5,508 -
Net cash provided by investing activities 9,809 (4,301) 5,508 - Net increase (decrease) in cash and cash equivalents - - - 782,106 CASH AND CASH EQUIVALENTS:
Beginning of year - - - 15,114,277
End of year $ - $ - $ - $ 15,896,383
RECONCILIATION OF OPERATING INCOME TO NET
CASH PROVIDED BY OPERATING ACTIVITIES:
Operating income (loss) $ (7,338,541) $ (1,716,790) $ (9,055,331) $ 1,370,071 Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:
Depreciation 610,410 169,660 780,070 407,403
Changes in current assets and liabilities:
Accounts receivable (15,445) (630,720) (646,165) -
Due from other funds - - - (46,801)
Accounts payable 158,606 53,812 212,418 89,575
Accrued compensated absences (11,245) (6,055) (17,300) 13,686 Accrued general liability claims - - - 216,557
Accrued worker's compensation claims - - - (75,000)
Total adjustments 742,326 (413,303) 329,023 605,420
Net cash provided by (used in) by operating activities $ (6,596,215) $ (2,130,093) $ (8,726,308) $ 1,975,491 City of Union City
Business-type Activities
See accompanying Notes to Basic Financial Statements.
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28 84 of 471
FIDUCIARY FUND FINANCIAL STATEMENTS
Resources held and administered by the City when acting in a fiduciary capacity for other organizations or governments are accounted for in fiduciary funds. The activities of these funds are excluded from the government-wide financial statements. The City reports activity in the following fiduciary funds:
POA Retiree Medical Fund (Other Post-Employment Benefits Trust Fund) To account for funds held by the City to fund the post-retirement healthcare benefits for eligible members of the Police Officers' Association and the Police Management Association.
Redevelopment Property Tax Trust Fund (Private Purpose Trust Fund) To account for property taxes that would have been redevelopment property tax increment had the Redevelopment Agency not been dissolved. The property taxes are distributed semi-annually by the County Auditor-Controller's Office and are used to pay enforceable obligations and Successor Agency administrative costs. This fund also accounts for all non-housing assets transferred from the dissolved Redevelopment Agency.
29 85 of 471
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
POA Retiree Redevelopment
Medical Property Tax
Trust Fund Trust Fund
ASSETS
Cash and investments $ - $ 8,340,703
Restricted cash and investments:
Cash and equivalents - 5,402
Total assets 5,330 8,346,105
DEFERRED OUTFLOW OF RESOURCES
Deferred loss on refunding bonds - 5,908,950
Total deferred outflow of resources - 5,908,950
LIABILITIES
Accounts payable - 93,559
Interest payable - 1,147,295
Bonds payable:
Due in one year - 5,440,000
Due in more than one year - 103,596,987
Total liabilities - 110,277,841
Net position restricted for
Held in trust for employee pension benefits 5,330 -
Held in trust for the City's Successor Agency - (96,022,786) Net position held in trust $ 5,330 $ (96,022,786)
City of Union City
See accompanying Notes to Basic Financial Statements.
30 86 of 471
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the year ended June 30, 2024
POA Retiree Redevelopment
Medical Property Tax
Trust Fund Trust Fund
ADDITIONS
Property tax distribution $ - $ 10,485,477
Intergovernmental revenues 826,176 -
Investment income - 2,261
Total additions 826,176 10,487,738
DEDUCTIONS
Administration - 31,812
Pass-through payments - 381,776
Interest and other fiscal expense - 4,231,492
Retiree medical payments 825,332 -
Total deductions 825,332 4,645,080
Change in net position 844 5,842,658
NET POSITION
Net position, beginning of period 4,486 (101,865,444)
Net position, end of period $ 5,330 $ (96,022,786)
City of Union City
See accompanying Notes to Basic Financial Statements.
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32 88 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Union City (City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. Descriptions of the more significant of the City’s accounting policies follow.
A. Reporting Entity
The City was incorporated on January 26, 1959, as a General Law city, and it operates under a Council-Manager form of government. The City Council consists of five elected members. The following services are provided by the City to its citizens: public safety, highways and streets, community and recreation services, public improvements, planning and zoning, transit, and general administrative services.
B. Basis of Accounting and Measurement Focus
The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity.
The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
Government-Wide Financial Statements
The City’s Government-Wide Financial Statements include a Statement of Net Position and a Statement of Activities.
These statements present summaries of governmental and business-type activities for the City, which include a total column. Fiduciary activities of the City are not included in these statements.
These Government-Wide Financial Statements are presented utilizing an “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all of the City’s assets and liabilities, including capital assets, as well as infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned, while expenses are recognized in the period in which the liability is incurred.
Certain types of transactions are reported as program revenues for the City in three categories:
Charges for services
Operating grants and contributions
Capital grants and contributions
Certain eliminations have been made as prescribed by GASB Statement No. 34 with regard to interfund activities, payables and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities, internal service fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:
Due to/from other funds
Transfers in/out
Interfund charges
33 89 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED L. Basis of Accounting and Measurement Focus, Continued Government-Wide Financial Statements, Continued
The City applies all applicable GASB pronouncements, including all NCGA Statements and Interpretations currently in effect.
Governmental Fund Financial Statements
Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and aggregated non-major funds. An accompanying schedule is presented to reconcile and explain the differences in net assets as presented in these statements to the net position presented in the government-wide financial statements. The City has presented all major funds that met the applicable criteria.
The City reports the following major governmental funds:
General Fund—This fund is used to account for all financial resources and activities not required to be accounted for in other funds.
Low- and Moderate-Income Housing Special Revenue Fund—This fund is used to account for housing assets that were transferred from the dissolved Redevelopment Agency’s Low- and Moderate-Income Housing Fund, which have been specifically defined by Assembly Bill 1484. With the dissolution of the Redevelopment Agency, this fund no longer receives property tax increment revenue. The primary revenue sources are now investment income and interest from notes receivable, which are restricted for housing purposes.
Capital Improvement Fund—This fund is used to account for the acquisition of equipment or construction projects that are funded by grants.
Public Improvement Fund—This fund is used to account for public improvements that had previously been funded by the Community Redevelopment Agency of the City.
All governmental funds are accounted for utilizing a spending or “current financial resources” measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures and Changes in Fund Balances presents increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.
Revenues are recorded when received in cash, except for revenues subject to accrual (generally, those received within 90 days of year-end), which are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, intergovernmental revenues and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred. 34 90 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED B. Basis of Accounting and Measurement Focus, Continued Governmental Fund Financial Statements, Continued
Deferred inflows arise when potential revenues do not meet both the “measurable” and “available” criteria for recognition in the current period. Deferred inflows also arise when the government receives resources before it has a legal claim to them, as when grant monies are received prior to incurring qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met or when the government has a legal claim to the resources, the deferred inflow is removed from the combined Balance Sheet and recognized as revenue.
The reconciliations of the fund financial statements to the Government-Wide Financial Statements are provided to explain the differences created by the integrated approach of GASB Statement No. 34.
Proprietary Fund Financial Statements
Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Fund Net Position, and a Statement of Cash Flows, for each major proprietary fund.
A separate column representing internal service funds is also presented in these statements. However, internal service fund balances and activities are combined with the governmental activities in the Government-Wide Financial Statements.
Proprietary funds are accounted for using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses and Changes in Fund Net Position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned, while expenses are recognized in the period in which the liability is incurred.
The City reports the following enterprise funds:
Transit Fund— This fund accounts for the operation and management of the City’s bus system. The City provides oversight of the management of the transit system while an independent transit company, under contract with the City, handles the operations.
Paratransit Fund— This fund accounts for the operation and management of the City’s paratransit transportation system. This system is managed by the City, while the operations are provided by an independent transit company under contract with the City.
Internal service fund balances and activities have been combined with governmental activities in the Government-Wide Financial Statements.
The City maintains the following internal service funds:
Workers’ Compensation Self-Insurance Fund—This fund accounts for disbursements made for insurance premiums, medical expenses and legal expenses to an independent claims administrator for distribution to employees who qualify to receive benefits under the law.
General Liability Self-Insurance Fund—This fund was established to account for the processing of general liability insurance premiums, claims and settlements.
Garage Operations Fund—This fund is used to account for the acquisition and maintenance of the City’s vehicles. 35 91 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED B. Basis of Accounting and Measurement Focus, Continued Proprietary Fund Financial Statements, Continued
Operating revenues in the proprietary funds are those revenues that are generated from the primary operation or purpose of the fund. All other revenues are reported as non-operating revenues. Operating expenses are those expenses that are essential to the primary operation of the fund. All other expenses are reported as non-operating expenses.
Fiduciary Fund Financial Statements
Fiduciary fund financial statements consist of a Statement of Fiduciary Net Position and a Statement of Changes in Fiduciary Net Position. The fiduciary funds are accounted for using the accrual basis of accounting.
The City reports the following fiduciary funds:
POA Retiree Medical Trust Fund—This fund accounts for assets held by the City. The City’s trust fund accounts for the post-retirement healthcare benefits for eligible members of the Police Officers Association. The financial activities of these funds are excluded from the government-wide financial statements, but they are presented in separate fiduciary fund financial statements.
Redevelopment Property Tax Trust Fund—This fund accounts for property taxes that would have been redevelopment property tax increment had the RDA not been dissolved. The property taxes, which are distributed semi-annually by the County Auditor-Controller’s Office, are used to pay amounts due on enforceable obligations and Successor Agency administrative costs. This fund also accounts for certain non-housing assets and liabilities transferred from the dissolved Redevelopment Agency to the Redevelopment Successor Agency, which are legally restricted for uses specified by debt covenants, grant restrictions and enforceable obligations.
C. Cash, Cash Equivalents and Investments
The City pools its available cash for investment purposes. The City’s cash and cash equivalents comprise cash on hand, demand deposits, and short-term investments with original maturity of three months or less from date of acquisition.
Cash and cash equivalents are combined with investments and displayed as Cash and Investments.
In accordance with GASB Statement No. 40, Deposit and Investment Disclosures (Amendment of GASB Statement No. 3), certain disclosure requirements for deposits and investment risks were made in the following areas:
1. Interest Rate Risk
2. Credit Risk
Overall
Custodial Credit Risk
Concentrations of Credit Risk
36 92 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED C. Cash, Cash Equivalents and Investments, Continued
In addition, other disclosures are specified, including use of certain methods to present deposits and investments, highly sensitive investments and credit quality at year-end.
In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, highly liquid market investments with maturities of one year or less at the time of purchase are stated at amortized cost. All other investments are stated at fair value. Market value is used as fair value for those securities for which market quotations are readily available.
The City participates in the Local Agency Investment Fund (LAIF)—an investment pool managed by the State of California. LAIF has invested a portion of pooled funds in structured notes and asset-backed securities. LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these structured notes and asset-backed securities are subject to market risk due to changes in interest rates.
D. Restricted Cash and Investments
Certain restricted cash and investments are held by fiscal agents for the redemption of bonded debt. Cash and investments are also restricted for deposits held for others within the enterprise funds.
E. Receivables
During the course of normal operations, the City carries various receivable balances for taxes, interest, services and special assessments. Accounts receivables are shown net of an allowance for doubtful accounts.
F. Leases - Lessor
The City is a lessor for multiple properties. The City recognizes a lease receivable and a deferred inflow of resources in the government-wide and governmental fund financial statements.
At the commencement of each lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.
Key estimates and judgments include how the City determines: (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts. The City uses its estimated incremental borrowing rate as the discount rate for leases. The lease term includes the noncancellable period of the lease. Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee.
The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.
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City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED G. Interfund Transactions
Interfund transactions are comprised of loans, services-provided reimbursements or transfers. Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans). Any residual balances outstanding between the governmental activities and business-type activities are reported in the Government-Wide Financial Statements as “internal balances.” Services provided, deemed to be at market or near market rates, are treated as revenues and expenditures/expenses.
Reimbursements occur when one fund incurs a cost, charges the appropriate benefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers between governmental or proprietary funds are netted as part of the reconciliation to the Government-Wide Financial Statements presentation.
H. Capital Assets
Capital assets, including intangibles, are recorded at historical cost or estimated historical cost when actual cost is not available. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are reported at acquisition value rather than fair value. The City defines capital assets as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Assets acquired with grant funds may be capitalized even though their individual cost is less than $5,000.
Depreciation is provided using the straight-line method, which means the cost of the asset is divided by its expected useful life in years and the result is charged to expense each year until the asset is fully depreciated. The purpose of depreciation is to spread the cost of capital assets equitably among all users over the life of these assets. The amount charged to depreciation expense each year represents that year’s pro-rata share of the cost of capital assets.
Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period.
Governmental Accounting Standards Board (GASB) Statement No. 34 requires the inclusion of infrastructure capital assets in the local government’s basic financial statements. In accordance with GASB Statement No. 34, the City has included the value of all infrastructure into its basic financial statements.
The City defines infrastructure as the basic physical assets that allow the City to function, which consists of two major categories:
Roadways
Recreation, such as major park facilities and landscaped areas, park trails and bike paths used by the City in the conduct of its business
The City elected to use the Basic Approach, as defined by GASB Statement No. 34, for infrastructure reporting. The City conducted a valuation of its infrastructure assets as of June 30, 2004. This valuation determined the estimated acquisition cost using one of the following methods:
1. Use of historical records, where available
2. Standard unit costs appropriate for the construction/acquisition date
3. Present cost indexed by a reciprocal factor of the price increase from the construction/acquisition date to the current date
38 94 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED H. Capital Assets, Continued
Accumulated depreciation is defined as the total depreciation from the date of construction/acquisition to the current date. The book value was then computed by deducting the accumulated depreciation from the original cost. The City updates its infrastructure each year. Depreciation is calculated using the straight-line method and industry accepted life expectancies of the assets as follows:
I. Compensated Absences
Compensated absences are comprised of earned but unused administrative leave, compensated time off in lieu of overtime pay and earned but unused vacations hours, all of which are payable to the employee upon separation of employment. The maximum hours of each compensated leave type that may be accrued is determined by bargaining unit agreements. The liability for compensated absences includes salary-related benefits, where applicable. The City’s liability for compensated absences is recorded at the entity-wide level in the Statement of Net Position for governmental activities and in proprietary funds as appropriate.
Compensated absences are liquidated by the fund that has recorded the liability. The long-term portion of governmental activities compensated absences is liquidated primarily by the General Fund.
J. Long-Term Debt
Government-Wide Financial Statements—Long-term debt and other long-term obligations are reported as liabilities in the appropriate activities.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective-interest method.
Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.
Fund Financial Statements—The governmental fund financial statements do not present long-term debt but it is shown in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position.
K. Property Taxes
Alameda County assesses properties and bills, collects, and remits property taxes, including delinquencies and penalties, to the City. Secured and unsecured property taxes are assessed on January 1 of the preceding fiscal year.
Property tax levies are recorded as revenue and receivables in the fiscal year of levy, provided they are collected during the fiscal year or within ninety days of the fiscal year end.
Secured property tax is due in two installments, on November 1 and March 1, and becomes a lien on those dates. It becomes delinquent after December 10 and April 10, respectively. Unsecured property tax is due on July 1, and becomes delinquent on August 31. The term ‘unsecured’ refers to taxes on personal property other than real estate, land or buildings. These taxes are secured by liens on the properties being taxed.
Buildings and improvements 10-40 years
Machinery and equipment 5-15 years
Infrastructure 5-40 years
39 95 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED L. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of net position or balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and thus will not be recognized as an outflow of resources (expense/expenditure) until then. The City has the following items that qualify for reporting in this category: deferred outflows related to debt refunding, deferred employer OPEB contributions, deferred outflows related to OPEB, deferred employer pension contributions, and deferred outflows related to pension.
In addition to liabilities, the statement of net position or balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to future period(s) and thus will not be recognized as an inflow of resources (revenue) until that time. The City reports the following items in this category: unavailable revenue and amounts related to changes in the City’s pension and OPEB liabilities that are deferred and amortized over a period of time. Unavailable revenue arises under the modified accrual basis of accounting and, accordingly, is only reported in the governmental funds Balance Sheet. These amounts are deferred and will be recorded as an inflow of resources in the period that the amounts become available. Certain changes in the City’s pension liability are required to be deferred and reflected in pension expense over a closed amortization period. Deferred inflows related to OPEB will be recognized in future OPEB expense.
M. Net Position / Fund Balance
In the government-wide financial statements, net position is classified in the following categories:
Net Investment in Capital Assets—Consists of capital assets, net of accumulated depreciation, reduced by outstanding debt attributed to the acquisition, construction or improvement of the assets.
Restricted Net Position—Consists of funds restricted by external creditors, grantors, contributors, laws or regulations of other governments.
Unrestricted Net Position—Consists of any amounts that do not meet the definition of net investment in capital assets or restricted net position.
Fund balances of governmental funds are classified in one of five categories:
Nonspendable Fund Balance—Represents that portion of fund balance that includes amounts that are either 1) not in a spendable form or 2) legally or contractually required to be maintained intact. Amounts considered not in a spendable form include items that are not expected to be converted to cash such as prepaid items and long-term notes receivable.
Restricted Fund Balance—Represents that portion of fund balance that reflects constraints placed on the use of resources (other than nonspendable items) that are either 1) externally imposed by creditors, such as through debt covenants, grantors, contributors or the laws and regulations of other governments; or 2) imposed by law through constitutional provisions or enabling legislation. These restrictions may be effectively changed only with the consent of the resource provider.
Committed Fund Balance—Represents that portion of fund balance that includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City Council, the City’s government’s highest level decision making authority. In order for funds to be considered committed, an ordinance describing the proposed action must be introduced at a City Council meeting. At the following City Council meeting, a second reading of the ordinance is made and the ordinance is adopted. The ordinance must be published in the City’s official newspaper of publication within 15 days of adoption. Ordinances are then codified into the City’s municipal code. 40 96 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED M. Net Position / Fund Balance, Continued
Those funds collected and expended for specific purposes defined in the City’s municipal code report committed fund balances. The established constraints remain binding until the City Council takes action to amend the applicable section of municipal code.
Assigned Fund Balance—Represents that portion of fund balance that includes amounts that are constrained by the City’s intended use of the resources but that are neither restricted nor committed. Assignments of fund balance may be made by City Council resolution. Actions made by resolution are not codified into the municipal code. In addition, the City Council has given the City Manager the authority to assign portions of fund balance for use for specific purposes. From time to time, the City receives new revenue sources that are neither restricted by outside constraints nor committed by formal action of City Council. If the City Manager and Finance Director agree that the activities to be funded by the new revenue source should be accounted for separately from General Fund activity, a new fund is created. The new fund is included as part of the General Fund for reporting purposes and the fund balance is categorized as assigned. From time to time, other City funds may perform work that is reimbursed by third parties. The net activity (reimbursements received less City expenditures) is classified as assigned fund balance.
Unassigned Fund Balance—Represents that portion of fund balance that includes amounts that are not contained in any of the other fund balance categories. The General Fund is the only governmental fund that may report a positive amount as unassigned fund balance. For all other governmental funds, only negative balances may be reported as unassigned fund balance.
When an expenditure is incurred for purposes for which both restricted and unrestricted funds are available, it is the City’s policy to apply the restricted net assets first. The City also considers committed funds to be spent first, assigned funds to be spent second and unassigned funds to be spent last when an expenditure is incurred for purposes for which committed, assigned and unassigned fund balance is available.
N. Use of Estimates
The preparation of the basic financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities. In addition, estimates affect the reported amount of expenses. Actual results could differ from these estimates and assumptions.
O. Pension
For purposes of measuring the net pension liability, deferred outflows/inflows of resources related to pensions and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) and plans (Plans), and additions to/deductions from the Plans’ fiduciary net position, have been determined on the same basis as it is reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. For this report, the following timeframes are used:
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Measurement Period July 1, 2022 to June 30, 2023
41 97 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED P. Other Postemployment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outflows/inflows of resources related to OPEB and OPEB expense, information about the fiduciary net position of the City’s plan (OPEB Plan) and additions to/deductions from the OPEB Plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.
Generally accepted accounting principles require that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:
Valuation Date June 30, 2023
Measurement Date June 30, 2023
Measurement Period July 1, 2022 to June 30, 2023
Q. New Pronouncements
In 2024, the City adopted new accounting standards to confirm to the following Governmental Accounting Standard Board Statements:
GASB Statement No. 100, Accounting Changes and Error Corrections – an Amendment of GASB Statement No. 62 – The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability.
2. CASH AND INVESTMENTS
The City maintains a cash and investment pool for all funds. Certain restricted funds which are held and invested by independent outside custodians through contractual agreements are not pooled. These restricted funds include cash and investment held by trustees.
The following is a summary of cash and investments at June 30, 2024:
Fiduciary
Funds
Governmental Business-Type Statement of
Activities Activities Net Position Total
Cash and investments $ 117,494,380 $ - $ 8,340,703 $ 125,835,083 Restricted cash and investments 21,574,086 - 5,402 21,579,488 Total $ 139,068,466 $ - $ 8,346,105 $ 147,414,571
Government-Wide
Statement of Net Position
42 98 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
2. CASH AND INVESTMENTS, CONTINUED
At June 30, 2024, the City’s pooled cash and investments, including restricted funds, consisted of the following:
A. Deposits
The carrying amount of the City’s cash deposit was $11,703,998 at June 30, 2024. Bank balances before reconciling items were $12,651,413, the total amount of which was insured and/or collateralized with securities held by the pledging financial institutions in the City’s name.
The California Government Code requires California banks and savings and loan associations to secure the City’s cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City's name.
The market value of pledged securities must equal at least 110% of the City’s cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City’s total cash deposits. The City may and has waived collateral requirements for cash deposits that are fully insured up to $250,000 by the Federal Deposit Insurance Corporation.
The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents under the provisions of bond indentures. Interest income earned on pooled cash and investments is allocated on an accounting period basis to the various funds based on the period-end cash and investment balances.
Interest income from cash and investments with fiscal agents is credited directly to the related fund City Treasury:
Deposits:
Cash on hand $ 18,000
Deposits with banks 11,703,998
Total deposits 11,721,998
Investments:
U.S. government securities:
Federal Home Loan Bank 6,801,324
Federal Home Loan Mortgage Corp. 2,807,130
Federal Farm Credit Bank 9,174,365
Federal National Mortgage Assn. 940,430
U.S. Treasury Securities 12,702,360
Money Market 403,827
Certificates of Deposit 22,605,662
Municipal Bonds 250,988
Corporate Bonds 1,144,420
California Local Agency Investment Fund 57,282,579
Total investments 114,113,085
Total City Treasury 125,835,083
Cash with Fiscal Agent 21,579,488
Total cash and investments $ 147,414,571
43 99 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
2. CASH AND INVESTMENTS, CONTINUED
B. Investments
Under the provisions of the City’s investment policy, and in accordance with California Government Code, the following investments are authorized:
In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, investments are stated at fair value using the aggregate method in all funds and component units, resulting in the following investment income in all funds and component units:
Investment income $7,549,336
Unrealized loss in changes in fair value of investments 1,885,369 Total investment income (loss) $ 9,434,705
The value of the City’s portfolio fluctuates in an inverse relationship to any change in interest rate. Accordingly, if interest rates have risen, the portfolio value will have declined. If interest rates have fallen, the portfolio value will have risen. In accordance with GASB Statement No. 31, the portfolio for year-end reporting purposes is treated as if it were all sold. Therefore, fund balance must reflect the portfolio’s change in value. These portfolio value changes are unrealized unless sold. The City’s policy is to buy and hold investments until maturity dates.
The City’s investments are carried at fair value as required by generally accepted accounting principles.
Maximum
Maximum Minimum Credit Percentage of
Authorized Investment Type Maturity Quality Portfolio
Municipal Bonds and Obligations 5 years A 30%
U.S. Treasury Obligations 5 years None No Limit
Federal Agency Obligations 5 years None No Limit
State of California Bonds and Obligations 5 years None No Limit Banker Acceptances 180 days A1 40%
Commercial Paper 270 days A-1 25%
Negotiable Certificates of Deposit 5 years None 30%
All Other Bank/Time Deposits 5 years None No Limit
Repurchase Agreements 1 year None No Limit
Reverse Repurchase Agreements and Securities
Lending Agreements 92 days None 20%
Medium-Term and Corporate Notes 5 years A 30%
Mutual Funds N/A Multiple 20%
Money Market Mutual Funds N/A Multiple 20%
Collateralized Bank Deposits 5 years None No Limit
44 100 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
2. CASH AND INVESTMENTS, CONTINUED
B. Investments, Continued
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The balance is available for withdrawal on demand. The City’s investment with LAIF at June 30, 2024, includes a portion of the pool funds invested in Structured Notes and Asset-Backed Securities. Following is a description of these investments:
Structured Notes—These are debt securities (other than asset-backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or have embedded forwards or options.
Asset-Backed Securities—These securities, the bulk of which are mortgage-backed securities, entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (such as collateralized mortgage obligations) or credit card receivables.
As of June 30, 2024, the City had $57,282,579 invested in LAIF, which had invested 3.00% of the pool investment funds in Structured Notes and Asset-Backed Securities as compared to 2.78% in the previous year. LAIF determines fair value of its investment portfolio based on market quotations for those securities where market quotations are readily available and based on amortized cost or best estimate for those securities where fair value is not readily available. The City valued its investments in LAIF as of June 30, 2024, by multiplying its account balance with LAIF times a fair value factor determined by LAIF. This fair value factor was determined by dividing all LAIF participants’ total aggregate amortized cost by total aggregate fair value. Accordingly, the City used the LAIF fair value factor of 0.996316042 to calculate the fair value of the investments in LAIF as of June 30, 2024.
C. Risk Disclosures
Interest Risk: Interest rate risk is the market value fluctuation due to overall changes in the interest rates. It is mitigated by limiting the average maturity of the City’s portfolio not to exceed five years. Because of the economic conditions, the City holds investments with maturity dates five years from the purchase date but certain investments are callable with interest step-up increases.
At June 30, 2024, the City had the following investment maturities:
Investment Type Fair Value 1 year or less 1-2 years 2-3 years 3-5 years Securities of the U.S. Government:
Federal Home Loan Bank $ 6,801,324 $ 425,991 $ 3,817,040 $ 2,558,293 $ - Federal Home Loan Mortgage Corp. 2,807,130 - 2,807,130 - - Federal Farm Credit Bank 9,174,365 - 4,723,700 - 4,450,665 Federal National Mortgage Assn. 940,430 - - 940,430 -
U.S. Treasury Securities 12,702,360 - - 4,791,140 7,911,220 Money Market 403,827 403,827 - - -
Certificates of Deposit 22,605,662 13,303,284 4,157,142 2,436,657 2,708,579 Municipal Bonds 250,988 250,988 - - -
Corporate Bonds 1,144,420 - 1,144,420 - -
External Pool:
Local Agency Investment Fund 57,282,579 57,282,579 - - - $ 114,113,085 $ 71,666,669 $ 16,649,432 $ 10,726,520 $ 15,070,464 Investment Maturities
45 101 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
2. CASH AND INVESTMENTS, CONTINUED
C. Risk Disclosures, Continued
Credit Risk: Credit risk is the loss of value of an investment due to a downgrade of its rating or the failure or impairment of its issuer. It is the City's policy to limit its investments in these investment types to the top rating issued by nationally recognized statistical rating organizations (NRSROs), including raters Standard & Poor's and Moody's Investor's Service.
At June 30, 2024, the City's credit risks, expressed on a percentage basis, were as follows:
Custodial Credit Risk: For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. As the collateral is held by a trustee in the City’s name, none of the investments were subject to custodial credit risk.
D. Fair Value Measurement
The City acquires its investments with the expectation of future income or profit and is subject to GASB Statement No. 72, Fair Value Measurement and Application. Investments (except for money market accounts, time deposits, and commercial paper) are measured at fair value on a recurring basis. Recurring fair value measurements are those that GASB Statements require or permit in the statement of net position at the end of each reporting period. Fair value measurements are categorized based on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Investment fair value measurements at June 30, 2024, are described on the following page.
Standard Amount at
Investment Type Moody's & Poor's June 30, 2024 Percent
Securities of the U.S. Government:
Federal Home Loan Bank Aaa AA+ $ 6,801,324 5.96%
Federal Home Loan Mortgage Corp. Aaa Not rated 2,807,130 2.46% Federal Farm Credit Bank Aaa AA+ 9,174,365 8.04%
Federal National Mortgage Assn. Aaa AA+ 940,430 0.82%
U.S. Treasury Securities Aaa Not rated 12,702,360 11.13% Money Market Not rated Not rated 403,827 0.35%
Certificates of Deposit Not rated Not rated 22,605,662 19.81% Municipal Bonds Aa2 AA- 250,988 0.22%
Corporate Bonds:
Bank of America A1 A- 1,144,420 1.00%
External Pool:
Local Agency Investment Fund Not rated Not rated 57,282,579 50.20% $ 114,113,085 100.0%
46 102 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
2. CASH AND INVESTMENTS, CONTINUED
D. Fair Value Measurement, Continued
Investments included in LAIF and restricted cash and investments, including money market accounts and guaranteed investment contracts, are not subject to levelling disclosure. As of June 30, 2024, the City’s investments were classified at the following level inputs:
Government bonds categorized as Level 1 are valued based on prices quoted in active markets for those securities.
Government agencies and corporate bonds categorized as Level 2 are valued based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuations for which all significant assumptions are observable or can be corroborated by observable market data.
3. LOANS RECEIVABLE
The following table summarizes the loans receivable outstanding as of June 30, 2024:
Investment Type Fair Value Level Input
Investment subject to levels
Securities of the U.S. Government:
Federal Home Loan Bank $ 6,801,324 2
Federal Home Loan Mortgage Corp. 2,807,130 2
Federal Home Loan Bank Cons BD - 2
Federal Farm Credit Bank 9,174,365 2
Federal National Mortgage Assn. 940,430 2
U.S. Treasury Securities 12,702,360 2
Municipal Bonds 250,988 2
Corporate Bonds 1,144,420 2
33,821,017
Investment not subject to levels
Money Market 403,827
Certificates of Deposit 22,605,662
External Pool:
Local Agency Investment Fund 57,282,579
Total investments $ 114,113,085
Amount
CDBG housing rehabilitation loans $ 525,101
Residential rental assistance 7,500
Eden Senior Housing Project HOME Fund loan 1,801,115
Mid-Peninsula Lazuli Landing loan 950,288
RTR: Small Business Assistance loans 173,228
Filipino Community of Alvarado and Vicinity loans 25,215 Mobile home program loans 368,377
Down payment assistance loans 67,495
Mid-Peninsula Housing Coalition loans 29,647,049
Eden Senior Housing Project loan 2,287,385
Less: Allowance for uncollectible and conditional loans (198,443) Total $ 35,654,310
47 103 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
3. LOANS RECEIVABLE, CONTINUED
Community Development Block Grant (CDBG) Housing Rehabilitation Loans—The City administers a housing rehabilitation loan program funded with Community Development Block Grant funds. Under this program, home owners with incomes below certain levels are eligible to receive low interest loans to pay for the needed improvements to their homes.
These loans are secured by deeds of trust and they may be amortized over the life of the loans, deferred or a combination of both. As of June 30, 2024, the City has outstanding CDBG rehabilitation loans in the amount of $525,101.
Eden Senior Housing Project HOME Fund Loan—In May 2000, the City entered into a Disposition and Development Agreement (DDA) with Eden Housing for Union City Senior Village Independent Living Development (Independent Living Development). Through the Home Investment Partnership Act program (HOME funds), the City has agreed to provide a loan of $2,200,000, which Eden Housing can draw down as needed. Eden Housing has drawn down $1,801,115 in HOME funds as of June 30, 2021. The loan, which is due in 40 years and bears interest at 3%, will be repaid from residual receipts generated by the project. As June 30, 2024, the balance on this loan is $1,801,115.
Mid-Peninsula Lazuli Landing loan—MP Lazuli Landing Associates, L.P. promises to pay to the order of the City of Union City, the principal amount of $5,034,924, plus interest. The sources of the funds for the City loan are in-lieu fees received by the City pursuant to the City’s inclusionary housing ordinance. As of June 30, 2024, the balance on this loan is $950,288.
Road To Recovery: Small Business Assistance Loans—Forgivable loans issued as part of the City’s Road To Recovery program that as of June 30, 2024, the balance of the loans is $173,228, which is offset entirely by an allowance for uncollectible accounts.
Filipino Community of Alvarado and Vicinity (FCAV) loans—The former Redevelopment Agency loaned $124,235 for the rehabilitation of the Holly House and to retain the Holly House’s uses as affordable housing and meeting center of the Filipino Community of Alvarado and Vicinity. The loan is deferred, and it matures in 2028. The loan bears interest at 7%, which is also deferred. In July 2007, the City and the FCAV entered into an agreement that set forth the terms for the repayment of the $124,235 loan and other loans provided to the FCAV under the CDBG program. As of June 30, 2024, the balance of the loan is $25,215, which is offset entirely by an allowance for uncollectible accounts. The allowance is included as part of the allowance for uncollectible and conditional loans amount of $25,215.
Mobile Home Program Loans—This Redevelopment Agency program provided assistance to low- and moderate-income individuals to purchase mobile homes. The loans bear interest at 5%, with principal and interest due monthly. The loan maturities range between 10 and 30 years from the date of loans. With the dissolution of the Redevelopment Agency, these loans are now accounted for by the City of Union City as Successor Agency to the Redevelopment Agency in the Low- and Moderate-Income Housing Fund. As of June 30, 2024, the City has outstanding mobile home program loans totaling $368,377.
Down Payment Assistance Loans—In June 2003, the Redevelopment Agency entered into an agreement with the Neighborhood Housing Services Silicon Valley (NHSSV) to fund a down payment assistance program using tax increment revenue received in the Redevelopment Agency’s Low- and Moderate-Income Housing Fund. The Redevelopment Agency provided $1,000,000 in funding. In late June 2015, NHSSV informed the City that they would be closing their operations. Accordingly, in November 2015, undisbursed funds were returned to the City and the down payment assistance loans were conveyed to the City. As June 30, 2024, $67,495 in down payment assistance loans are outstanding.
48 104 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
3. LOANS RECEIVABLE, CONTINUED
Mid-Peninsula Housing Coalition loans—In August 2004, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Mission Associates, L.P., a loan of $4,150,000 to build 120 affordable family rental units on Mission Boulevard (the “Mission Gateway” project). The loan is to be repaid in 55 years at 3% interest from residual receipts generated by the project. As of June 30, 2024, the balance on this loan is $4,150,000.
In April 2010, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Union City TOD I, L.P., a loan of $20,417,748 to build 100 affordable housing units on Block 4 in the Station District (Phase 1 of the “Station Center” project). This loan is to be repaid in 55 years at 0.25% interest. As of June 30, 2024, the balance on this loan is $20,380,766.
In March 2011, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Union City TOD II, L.P., a loan of $5,116,284 to build 55 affordable housing units on Block 4 in the Station District (Phase 2 of the “Station Center” project). This loan is to be repaid in 55 years at 3% interest. As of June 30, 2024, the balance on this loan is $5,116,284. The completed Station Center project includes 155 affordable housing units and two manager units.
With the dissolution of the Redevelopment Agency, these loans are now accounted for by the City of Union City as Successor Agency to the Redevelopment Agency in the Low- and Moderate-Income Housing Fund.
Eden Senior Housing Project Loan—The City’s former Redevelopment Agency had made available funds through a development loan for this project. Through June 30, 2024, $2,287,385 has been drawn down by Eden Senior Housing.
With the dissolution of the Redevelopment Agency, this loan is now accounted for by the City of Union City as Successor Agency to the Redevelopment Agency in the Low- and Moderate-Income Housing Fund.
4. LEASES RECEIVABLE
As of June 30, 2024, the City had twenty active leases. The leases have receipts that range from $2,272 to $39,675 and interest rates that range from 0.9670% to 1.4270%. As of June 30, 2024, the total combined value of the lease receivable is $1,758,229, the total combined value of the short-term lease receivable is $141,241, and the combined value of the deferred inflow of resources is $1,735,423.
Summarized scheduled repayments are as follows:
Year Ending
June 30 Principal Interest Total
2025 $ 141,241 $ 23,088 $ 164,329
2026 144,060 21,255 165,315
2027 147,174 19,381 166,555
2028 150,012 17,468 167,480
2029 152,915 15,516 168,431
2030-2034 644,444 48,680 693,124
2035-2038 378,383 10,884 389,267
$ 1,758,229 $ 156,272 $ 1,914,501
49 105 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
4. LEASES RECEIVABLE, CONTINUED
The following table describes additional disclosures related to each of the leases:
5. UNEARNED REVENUE AND UNAVAILABLE REVENUES
A. Government-Wide Financial Statements
Unearned revenues represent amounts received in advance of services to be provided. At June 30, 2024, the following unearned revenues were recorded in the Government-Wide Financial Statements:
Value of Deferred Lease Extension
Lease Inflow Contract Months in Payment Payment Revenue Number of Options in Interest Receivable Balance Date Lease Amount Frequency Recognized Extensions Months Rate Infrastructure
Pylon Sign - Ana Enterprise, Inc $ 34,439 $ 33,706 1/22/2002 126 $ 4,544 Annual $ 4,459 0 0 1.2173% Pylon Sign - Austin-Cravings Union Landing 15,229 14,771 12/12/2000 113 $ 2,272 Annual 2,291 0 0 1.0953% Pylon Sign - Baby Superstore, Inc 34,439 33,706 1/22/2002 126 $ 4,544 Annual 4,459 0 0 1.2173% Pylon Sign - Best Buy Stores, LP 38,514 73,830 8/19/2002 133 $ 4,544 Annual 9,077 0 0 1.2173% Pylon Sign - Century Theaters 46,316 45,138 7/22/1999 156 $ 4,544 Annual 4,488 1 60 1.2923% Pylon Sign - Chevy's, Inc 38,446 37,859 3/31/2003 140 $ 4,544 Annual 4,368 0 0 1.2537% Pylon Sign - Chilis - IHop 26,365 24,709 7/22/1999 96 $ 4,544 Annual 4,885 0 0 0.9670% Pylon Sign - Dyer Triangle, LLC 46,316 45,138 7/22/1999 156 $ 4,544 Annual 4,488 1 60 1.2923% Pylon Sign - Empire Hanover Union City, LLC 34,439 33,706 1/22/2002 126 $ 4,544 Annual 4,459 0 0 1.2173% Pylon Sign - Extended Stay Inc. 22,075 21,973 7/1/1999 96 $ 4,544 Annual 4,395 0 0 0.9670% Pylon Sign - Golden Gate Doughnuts, LLC 34,439 33,800 2/19/2002 127 $ 4,544 Annual 4,428 0 0 1.2173% Pylon Sign - In-N-Out Burgers 34,439 33,706 1/22/2002 126 $ 4,544 Annual 4,459 0 0 1.2173% Pylon Sign - LOWE'S HIW, INC 34,439 33,706 1/22/2002 126 $ 4,544 Annual 4,459 0 0 1.2173% Pylon Sign - Main Street California, Inc 26,365 24,795 8/9/1999 97 $ 4,544 Annual 4,856 0 0 0.9670% Pylon Sign - Petco 13,182 12,486 9/15/1999 98 $ 2,272 Annual 2,399 0 0 0.9670% Pylon Sign - Union Six Corporation 34,439 33,706 1/22/2002 126 $ 4,544 Annual 4,459 0 0 1.2173% Pylon Sign - Michael's - Empire Hanover 26,365 24,972 9/15/1999 98 $ 4,544 Annual 4,797 0 0 0.9670% Land
31224 Union City Blvd - SBA Monarch 516,704 506,581 7/13/2010 208 $ 3,306 Monthly 35,186 3 180 1.4270% 31600 Alvarado Blvd - T-Mobile 254,996 248,676 3/13/2006 176 $ 1,910 Monthly 21,254 2 120 1.3623% 34009 Alvarado Niles Road - T-Mobile 446,283 418,459 6/1/1998 203 $ 2,214 Monthly 30,015 3 180 1.4270% Total $ 1,758,229 $ 1,735,423 $ 163,681
Governmental Proprietary
Funds Funds
Summer recreation fees $ 345,391 $ -
Unearned grant revenues 319,137 1,578
$ 664,528 $ 1,578
50 106 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
5. UNEARNED REVENUE AND UNAVAILABLE REVENUES, CONTINUED B. Fund Financial Statements
At June 30, 2024, unearned revenues were as follows:
At June 30, 2024, the following unavailable revenues were recorded in governmental funds, denoting revenues that are not available to finance expenditures of the current period:
6. INTERFUND TRANSACTIONS
A. Interfund Receivables / Payables
Interfund receivables and payables activity for the year ended June 30, 2024, is summarized as follows:
Governmental Business-Type
Activities Activities
Summer recreation fees $ 345,391 $ -
Unearned grant revenues 319,137 1,578
$ 664,528 $ 1,578
Low and
Moderate Income Capital Public
General Housing Special Improvement Improvement Non-Major Fund Revenue Fund Fund Fund Funds Total
Grants and other receivables 31,383 - 564,235 1,867 527,848 1,125,333 Accrued interest on
outstanding loans - 5,182,409 - - 910,370 6,092,779
Total $ 31,383 $ 5,182,409 $ 564,235 $ 1,867 $ 1,438,218 $ 7,218,112 Non-Major Internal
General Governmental Service
Fund Funds Funds Total
Governmental Funds:
Non-Major Governmental Funds $ 1,748,698 279,934 46,801 $ 2,075,433 Enterprise Funds:
Transit 3,920,649 - - 3,920,649
Paratransit 967,454 - - 967,454
Internal Service Funds - - 10,356 10,356
$ 6,636,801 $ 279,934 $ 57,157 $ 6,973,892
Due from other funds
Due to other funds
51 107 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
6. INTERFUND TRANSACTIONS, CONTINUED
B. Transfers In/Out
Interfund transfers are made to support activities that are not supported through fees, grants or charges for services.
Transfers may also be made when funds are established or closed. Interfund transfers for the year ended June 30, 2024, were as follows:
7. CAPITAL ASSETS
Capital asset activity for the year ended June 30, 2024, was as follows:
Non-major Internal Total
General Governmental Transit Paratransit Service Governmental Fund Funds Fund Fund Funds Funds
Governmental Funds:
General Fund $ - $ 44,358 $ 58,568 $ 48,915 $ 648,159 $ 800,000 Public Improvement Fund - 69,383 - - - 69,383
Non-major Governmental Funds 4,261,466 513,314 - - - 4,774,780 Total $ 4,261,466 $ 627,055 $ 58,568 $ 48,915 $ 648,159 $ 5,644,163 Transfers Out
Transfers In
Balance
June 30, 2023 Additions Retirements Transfer
Balance
June 30, 2024
Governmental activities:
Nondepreciable assets:
Land $ 19,894,669 $ - $ - $ - $ 19,894,669
Construction in progress 59,198,984 6,833,536 - (4,945,539) 61,086,981 Total nondepreciable assets 79,093,653 6,833,536 - (4,945,539) 80,981,650 Depreciable assets:
Buildings and improvements 51,852,279 44,100 - (427,688) 51,468,691 Machinery and equipment 24,718,306 2,754,406 - - 27,472,712 Subsciption-based I.T. arrangements 454,518 929,208 - - 1,383,726 Infrastructure 311,858,466 - - 5,373,227 317,231,693
Total depreciable assets 388,883,569 3,727,714 - 4,945,539 397,556,822 Less accumulated depreciation:
Buildings and improvements (31,071,374) (831,333) - (312,708) (32,215,415) Machinery and equipment (19,100,573) (1,419,887) - - (20,520,460) Subsciption-based I.T. arrangements (94,105) (537,249) - - (631,354) Infrastructure (193,748,292) (6,737,494) - 312,708 (200,173,078) Total accumulated depreciation (244,014,344) (9,525,963) - - (253,540,307) Net depreciable assets 144,869,225 (5,798,249) - 4,945,539 144,016,515 Governmental activities
capital assets, net $ 223,962,878 $ 1,035,287 $ - $ - $ 224,998,165 52 108 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
7. CAPITAL ASSETS, CONTINUED
Governmental activities capital assets include non-depreciable capital assets for $49,458,628, which per agreement, will be transferred from the City to an agency upon completion. This future obligation to the agency is represented by a longterm liability of $49,458,628 in the Government-Wide Statement of Net Position.
Balance
June 30, 2023 Additions Retirements Transfer
Balance
June 30, 2024
Business-type activities:
Depreciable assets:
Buildings and improvements $ 3,862,710 $ - $ - $ - $ 3,862,710 Equipment and machinery 10,754,083 - - - 10,754,083
Total depreciable assets 14,616,793 - - - 14,616,793
Less accumulated depreciation:
Buildings and improvements (2,217,220) (97,182) - - (2,314,402) Equipment and machinery (8,721,680) (682,888) - - (9,404,568) Total accumulated depreciation (10,938,900) (780,070) - - (11,718,970) Net depreciable assets 3,677,893 (780,070) - - 2,897,823 Business-type activities
capital assets, net $ 3,677,893 $ (780,070) $ - $ - $ 2,897,823 Depreciation expense was charged to various governmental functions as follows:
General government $ 8,055,812
Public safety 397,488
Community and recreation services 178,474
Economic and community development 87,401
Public works 399,385
ISF - City Garage Operations 407,403
Total depreciation expense - governmental activities $ 9,525,963 Depreciation expense was charged to the business-type functions as follows:
Transit 610,411
Paratransit 169,659
Total depreciation expense - business-type functions $ 780,070 53 109 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
8. LONG-TERM LIABILITIES
The following is a summary of changes in long-term liabilities for the year ended June 30, 2024:
Community Facilities District 97-1 (Dyer Street Triangle) 2013 Special Tax Refunding Bonds On August 14, 2013, the City issued for and on behalf of the Community Facilities District (CFD) 97-1, the 2013 Special Tax Refunding Bonds. This issue was used to current refund and defease the 1998 Special Tax Bonds and to provide for a reserve fund for the 2013 Special Tax Refunding Bonds. These bonds bear interest rates ranging from 4.000% to 5.000%, and they are payable in annual installments ranging from $290,000 to $505,000 through September 1, 2028. Although the refunding resulted in the recognition of an accounting loss of $398,429, which will be amortized over the 15-year life of the bonds, the CFD 97-1 in effect decreased its aggregate debt service payments by $528,044 over the next 15 years, and it obtained an economic gain (difference between the present values of the old and new debt service payment) of $303,853.
2004 Pension Obligations Bonds
On June 17, 2004, the City issued bonds in the amount of $22,997,973 to fund a portion of the City’s unfunded accrued actuarial liability to the California Public Employees’ Retirement System (PERS). Interest payments are payable semiannually on January 1 and July 1. The bonds are comprised of $21,475,000 of current interest bonds and $1,522,973 of capital appreciation bonds. The bonds in the amount of $3,920,000 mature through July 1, 2014, and bear interest at the rate of 5.36% term bond. The bonds in the amount of $6,335,000 mature through July 1, 2019, and bear interest at the rate of 5.71% term bond. The bonds in the amount of $11,220,000 mature through July 1, 2026, and bear interest at the rate of
5.92% term bond. The accreted values of the capital appreciation bonds are $3,015,000 and $3,140,000, and they are due July 1, 2025, and July 1, 2026, respectively. Cumulative interest expense recognized on the capital appreciation bonds through June 30, 2024, is $3,541,817. The bonds are funded by the City’s general revenue. The bonds are insured by MBIA Insurance Corporation.
Amounts Amounts Amounts Amounts
Outstanding Outstanding Due Within Due in More
July 1, 2023 Additions Reductions June 30, 2024 One Year Than One Year Governmental Activities:
2013 Special Tax Refunding Bonds
4.000% - 5.000% due serially 2028 $ 2,720,000 $ - $ (405,000) $ 2,315,000 $ 425,000 $ 1,890,000 2004 Series Pension Obligation Bonds
5.360% - 5.920% due serially 2026 6,727,973 - (2,470,000) 4,257,973 2,735,000 1,522,973 Note payable - CalTrans Property 86,184,000 - - 86,184,000 - 86,184,000 Finance Purchase Agreements:
Equipment Finance Purchase 5.520% due 2026 1,538,090 - (473,547) 1,064,543 511,949 552,594 Equipment Finance Purchase 2.68% due 2033 3,219,100 - (255,500) 2,963,600 262,300 2,701,300 Fire Truck Finance Purchase - 3.580% due 2025 319,922 - (157,148) 162,774 162,774 - Equipment Finance Purchase - 2.47% due 2026 461,525 - (150,081) 311,444 153,811 157,633 Equipment Finance Purchase - 2.74% due 2027 882,609 - (167,110) 715,499 171,689 543,810 Equipment Finance Purchase - 3.2172% due 2026 383,811 - (123,876) 259,935 127,893 132,042 Subscription-Based I.T. Arrangements (SBITAs) 144,859 690,861 (369,558) 466,162 318,882 147,280 Total principal activity 102,581,889 690,861 (4,571,820) 98,700,930 4,869,298 93,831,632 Unamortized premium 2013 Special Tax
Refunding Bonds 2,456 - (410) 2,046 - 2,046
Accreted interest on capital bonds 3,541,817 339,790 - 3,881,607 - 3,881,607 Total long-term liabilities $ 106,126,162 $ 1,030,651 $ (4,572,230) $ 102,584,583 $ 4,869,298 $ 97,715,285 54 110 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
8. LONG-TERM LIABILITIES, CONTINUED
Note Payable – CalTrans Property
On August 16, 2019, the City entered into a purchase and sale agreement (agreement) with the State of California Department of Transportation (CalTrans), who is the owner of certain real property located in rescinded Route 84 (property) for the purpose of constructing a new alignment of the portion of Route 84 between I-880 (Nimitz Freeway) and State Route 238 (Mission Boulevard). Due to changes in plan related to the CalTrans project, the property was no longer needed for highway purposes and was certified as excess, and the City wanted to acquire the property in order to realize a public purpose and benefit for the City.
The purchase price of $86,184,000 was determined by two appraisals that were completed, and in July 2021, the title of the property was transferred to the City. The purchase price is to be paid over the course of six years or when the property is sold by the City to a third party (if earlier). CalTrans has the option to terminate the agreement or extend the payment term if the City does not pay the purchase price within the six-year period. If CalTrans decides to terminate the agreement, the property will be returned to CalTrans.
The property is reported as land held for resale in the General Fund and related fund balance is classified as restricted as the proceeds from resale are required by the purchase and sale agreement to be first applied against the purchase price.
Finance Purchase Agreements
On October 10, 2010, the City entered into an equipment finance purchase agreement under the taxable Build America Bond program. The proceeds from this lease were used to acquire and install equipment designed to improve energy efficiency within the City. Equipment in the amount of $4,820,559 is reflected in the governmental activities capital asset schedule. The proceeds were held by a custodian and funds were drawn down on a reimbursement basis. The interest rate on the lease proceeds is 5.52%; the Internal Revenue Service reimburses the City 35% of the interest payment. At this fiscal year-end, $1,064,543 is outstanding.
On November 1, 2016, the City entered into a finance purchase agreement for the energy upgrade of various City facilities. The agreement has a term of seventeen years. At the end of the payment period, the title to the equipment will pass to the City. Because the payments are similar to debt, the present value of the total payments to be made by the City is recorded as long-term debt. $2,963,600 remains outstanding at the end of this fiscal year.
On February 21, 2018, the City entered into a finance purchase agreement for the acquisition of a fire truck with PNC Equipment Finance, LLC. The agreement has a term of three years. At the end of the payment period, the title to the equipment will pass to the City. Because the payments are similar to debt, the present value of the total payments to be made by the City is recorded as long-term debt. $162,774 remains outstanding at the end of this fiscal year.
On April 25, 2022, the City entered into a finance purchase agreement for the acquisition of network infrastructure equipment with Banc of America Public Capital Corp. The agreement has a term of four years. At the end of the payment period, the title to the equipment will pass to the City. Because the payments are similar to debt, the present value of the total payments to be made by the City is recorded as long-term debt. $311,444 remains outstanding at the end of this fiscal year.
On December 7, 2021, the City entered into a finance purchase agreement for the acquisition of radio equipment with Motorola Solutions Credit Company LLC. The agreement has a term of six years. At the end of the payment period, the title to the equipment will pass to the City. Because the payments are similar to debt, the present value of the total payments to be made by the City is recorded as long-term debt. $715,499 remains outstanding at the end of this fiscal year.
55 111 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
8. LONG-TERM LIABILITIES, CONTINUED
On October 13, 2022, the City entered into a finance purchase agreement with Banc of America Public Capital Corp for the acquisition of certain information technology equipment from Dell Technologies. The agreement has a term of four years. At the end of the payment period, the title to the equipment will pass to the City. Because the payments are similar to debt, the present value of the total payments to be made by the City is recorded as long-term debt. $259,935 remains outstanding at the end of this fiscal year.
Subscription Based Information Technology Arrangements (SBITAs) As of June 30, 2024, the City had two active subscriptions. The subscriptions have payments that range from $11,000 to $61,799 and interest rates that range from 2.3633% to 3.2380%. As of June 30, 2024, the total combined value of the subscription liability is $466,162. The combined value of the right to use asset, as of June 30, 2024, of $1,383,726 with accumulated amortization of $631,354 is presented in Note 7.
The following schedules illustrate the debt service requirements to maturity for governmental activities as of June 30, 2024, exclusive of the premium on the Special Tax Bonds, the accreted interest on the Pension Obligation Capital Appreciation Bonds, and the CalTrans Note Payable that does not have a repayment schedule.
Year Ending
June 30 Principal Interest Total
2025 $ 425,000 $ 98,964 $ 523,964
2026 440,000 79,820 519,820
2027 460,000 59,225 519,225
2028 485,000 36,890 521,890
2029 505,000 12,625 517,625
$ 2,315,000 $ 287,524 $ 2,602,524
Special Tax Bonds
Year Ending
June 30 Principal Interest Total
2025 $ 2,735,000 $ 1,203,079 $ 3,938,079
2026 770,755 2,316,014 3,086,769
2027 752,218 1,193,891 1,946,109
$ 4,257,973 $ 4,712,984 $ 8,970,957
Pension Obligation Bonds
Year Ending
June 30 Principal Interest Total
2025 $ 1,390,416 $ 167,193 $ 1,557,609
2026 1,288,090 112,751 1,400,841
2027 457,826 71,536 529,362
2028 470,192 59,058 529,250
2029 291,600 46,243 337,843
2030-2034 1,579,671 108,083 1,687,754
$ 5,477,795 $ 564,864 $ 6,042,659
Finance Purchase Obligations
Year Ending
June 30 Principal Interest Total
2025 $ 318,882 $ 12,478 $ 331,360
2026 147,280 3,573 150,853
$ 466,162 $ 16,051 $ 482,213
Subscription-Based I.T. Arrangements
56 112 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
8. LONG-TERM LIABILITIES, CONTINUED
Pledges of Revenues
Special Tax Bonds/Special Tax Refunding Bonds Community Facilities District 97-1 (Dyer Street Triangle) The City had pledged the special tax revenues assessed on property owners in the Community Facilities District 97-1 (CFD) to the payment of the principal, interest and any premium on the 2013 Special Tax Refunding Bonds Community Facilities District 97-1 (Dyer Street Triangle). Special tax revenues are defined as the proceeds of the special tax levies within the CFD and received by the City, including any scheduled payment and any prepayments thereof, interest earned on the proceeds and the proceeds of the redemption or sale of property sold as a result of foreclosure of the lien of the special taxes to the amount of said lien and interest thereon. Special tax revenues do not include any penalties collected in connection with delinquent special taxes. Annual principal and interest payments on the bonds are expected to require approximately 94 percent of special tax revenues received. The total principal and interest remaining on the bonds is $2,602,524 payable through September 2028. For the current fiscal year, the City received $537,331 in special tax revenues, $522,826 of which was used to pay principal and interest payments on the bonds.
Summary of Long-Term Debt without City Commitment
Los Robles Apartments Multi-Family Housing Revenue Bond The City assisted Los Robles Apartments Associates, L.P., in the refinancing of their existing multi-family housing revenue bonds at more attractive interest rates. This project provides 140 housing units. These bonds are secured by a deed of trust on the property and are payable by rent and tax-credit equity. Neither the faith and credit nor the taxing power of the City, the State, or any political subdivision thereof are pledged for the payment of the principal or interest on the bonds. The outstanding balance due on these bonds at June 30, 2024, is $8,421,559.
9. COMPENSATED ABSENCES
The City records a liability to recognize the financial effect of unused vacation and other compensated absences. The total liability for unused vacation and other compensated absences is $3,224,697 at June 30, 2024.
Balance Balance Due Within Due In More
July 1, 2023 Additions Deletions June 30, 2024 One Year Than One Year Governmental Activities $ 3,062,106 $ 108,517 $ - $ 3,170,623 $ 1,545,891 $ 1,624,732 Business-Type Activities $ 71,374 $ - $ (17,300) $ 54,074 $ 15,829 $ 38,245 Primary Government $ 3,133,480 $ 108,517 $ (17,300) $ 3,224,697 $ 1,561,720 $ 1,662,977 57 113 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
10. FUND BALANCES
A. Classification of Governmental Fund Balances
Governmental fund balances represent the net current assets of each fund. Net current assets generally represent a fund’s cash and receivables, less its liabilities. Implementation of Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions in 2010 replaced the fund balance definitions of reserved, unreserved-designated and unreserved-undesignated with the following classifications:
Nonspendable fund balance—The portion of fund balance that represents amounts that are not in a spendable form or are required to remain intact.
Restricted fund balance—The portion of fund balance that represents amounts constrained to specific purposes by their providers, such as grantors, bondholders or higher levels of government, through constitutional provisions or by enabling legislation.
Committed fund balance—The portion of fund balance constrained to specific purposes by a government itself, using its highest level of decision-making authority. Committed amounts cannot be used for any other purpose unless the government takes the same highest level action to remove or change the constraint.
Assigned fund balance—The portion of fund balance that represents amounts the government intends to use for a specific purpose. The intent can be expressed by the governing body or by an official to whom the governing body delegates the authority.
Unassigned fund balance—The portion of fund balance that represents amounts available for any purpose. Only the General Fund may report a positive unassigned balance amount. Negative unassigned fund balance amounts can exist in any fund.
58 114 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
10. FUND BALANCES, CONTINUED
A. Classificati1on of Governmental Fund Balances, Continued The following table represents amounts reported under the GASB Statement No. 54 fund balance classifications:
Low Moderate Capital Public Non-Major Total
General Income Housing Improvement Improvement Governmental Governmental Fund Fund Fund Fund Funds Funds
Fund balances:
Nonspendable:
Prepaid items $ 127,622 $ - $ - $ - $ 1,197 $ 128,819
Total nonspendable 127,622 - - - 1,197 128,819
Restricted:
SB 1186 26,509 - - - - 26,509
Debt service 86,184,000 - - - 6,817,940 93,001,940
Waste management - - - - 1,271,521 1,271,521
Youth violence prevention - - - - 1,336,529 1,336,529
Public safety - - - - 1,649,103 1,649,103
Housing & community development - 34,794,965 - - 24,010,873 58,805,838 Streets/parks improvements/maintenance - - - - 21,089,097 21,089,097 Community facility districts - - - - 1,431,879 1,431,879 Public access television improvements - - - - 429,011 429,011 Capital improvements - - - 31,820,314 - 31,820,314
Other - - - - 308,462 308,462
Total restricted 86,210,509 34,794,965 - 31,820,314 58,344,415 211,170,203 Committed:
Public art - - - - 1,062,205 1,062,205
Streets/parks improvements/maintenance - - - - 31,989 31,989 Parks & other capital improvements - - 159,456 - 3,350,488 3,509,944 Total committed - - 159,456 - 4,444,682 4,604,138
Assigned:
Capital projects & improvements 1,500,000 - - - - 1,500,000 Support for 911 communications 454,316 - - - - 454,316
Administrative contingencies 403,225 - - - - 403,225
Retirement & benefits 22,858 - - - - 22,858
Parking program 56,484 - - - - 56,484
Pension Unfunded Accrued Liability (UAL) 4,628,819 - - - - 4,628,819 Deferred maintenance 1,833,142 - - - - 1,833,142
Vehicles 1,000,000 - - - - 1,000,000
Cleanups/Prop abatement 1,000,000 - - - - 1,000,000
Waste management 2,989,485 - - - - 2,989,485
Code enforcement 17,277 - - - - 17,277
Corporation yard maintenance 1,090,984 - - - - 1,090,984 Compensated absences 3,170,623 - - - - 3,170,623
Outstanding encumbrances 1,882,624 - - - - 1,882,624
Replacement of fire apparatus 2,630,575 - - - - 2,630,575 Total assigned 22,680,412 - - - - 22,680,412
Unassigned:
Economic uncertainty 16,170,552 - - - - 16,170,552
Other 9,653,638 - - - (1,705,116) 7,948,522
Total unassigned 25,824,190 - - - (1,705,116) 24,119,074 Total fund balance $ 134,842,733 $ 34,794,965 $ 159,456 $ 31,820,314 $ 61,085,178 $ 262,702,646 59 115 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
10. FUND BALANCES, CONTINUED
A. Classification of Governmental Fund Balances, Continued Encumbrance balances by major fund and non-major funds as of June 30, 2024 are:
11. DEFICIT FUND BALANCES
At June 30, 2024, the following funds had a deficit fund balance:
The deficit in the Paratransit Fund will be eliminated with expected future revenues from the City’s TDA Article 4 Operating Grant. The Beverage Container Recycling, Homeless Provider Incubator and Community & Recreation Grants & Donations Funds receive their revenues through grant reimbursements. Since the grants are reimbursable, there is a delay between incurring expenditures and the processing of the related billings and receiving payments. The deficits will be reduced as reimbursements are received. The Clean Water Program Fund expenses will be reduced in future years due to a reduction in special taxes and assessments that fund this program. The Cannabis Community Benefits Fund is a new fund created to track the expenditure of these revenues which were previously accounted for in the General Fund. In FY 2024-2025, the Cannabis Community Benefits revenues posted in the General Fund will be transferred to the new Cannabis Community Benefits Fund.
Major Funds:
General Fund $ 1,883,013
Capital Improvement Fund 67,928
Public Improvement Fund 1,370,570
Transit Enterprise Fund 2,165
Non-Major Governmental Funds 30,387,834
Internal Service Funds 914,816
Total $ 34,626,326
Deficit
Fund Fund Balance
Major Funds:
Paratransit Enterprise Fund $ 68,626
Non-major Funds:
Clean Water Program 1,425,402
Beverage Container Recycling 5,451
Homeless Provider Incubator 219,476
Cannabis Community Benefits 21,996
Community and Recreation Grants
and Donations 32,791
60 116 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN
A. Summary of Pension Plan Balances
Pension related balances presented on the Statement of Net Position as of June 30, 2024, by individual plan are described in the following table:
B. CalPERS Miscellaneous Plan - Agent Multiple-Employer Defined Benefit Plan General Information about the Plan
Plan Description—All miscellaneous qualified permanent and probationary employees are eligible to participate in the City’s pension plans administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports, available on the CalPERS website, that include a full description of the pension plans, including benefit provisions, assumptions and membership information.
Benefits Provided — CalPERS provides retirement and disability retirement benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Benefits are based on years of credited service, with one year being credited for each year of full-time employment completed. Members with at least five years of total service are eligible to retire at age 50 with statutorily reduced benefits. The retirement benefit, payable monthly for life, is based on a formula which varies depending on the employee’s retirement plan, date of hire, and participation in a public retirement plan prior to City employment. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.
On October 26, 2010, the City amended its contract with CalPERS to provide a two-tier retirement formula plan.
Employees hired on or after November 30, 2010, would fall under second-tier plans. On January 1, 2013, the Public Employees’ Pension Reform Act (PEPRA) took effect. PEPRA distinguishes between “Classic” employees, who were in a public retirement plan prior to January 1, 2013, and “new” employees, who first became a member of a public retirement plan on or after January 1, 2013. “Classic” employees, hired by the City on or after November 30, 2010, are eligible for Tier 2 benefits while new employees are eligible for the retirement benefits established by PEPRA.
Deferred Net Deferred
Outflows - Pension Inflows - Pension
Pension Liability Pension Expense
CALPERS Miscellaneous
Agent Multiple Employer Plan $ 12,898,519 $ 44,662,485 $ - $ 9,043,318 CALPERS Safety
Cost Sharing Plan 30,870,723 74,242,115 4,402,660 12,490,780 Total $ 43,769,242 $ 118,904,600 $ 4,402,660 $ 21,534,098 61 117 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
B. CalPERS Miscellaneous Plan - Agent Multiple-Employer Defined Benefit Plan, Continued General Information about the Plan, Continued
A summary of the benefit formulas follows:
Covered Employees—At June 30, 2024, the following number of Miscellaneous employees were covered by the benefit terms:
Miscellaneous
Inactive employees or beneficiaries currently receiving benefits 291 Inactive employees entitled to but not yet receiving benefits 360 Active employees 176
Total 827
Contributions—Section 20814(C) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.
Net Pension Liability
The City’s net pension liability for Miscellaneous employees is measured as the total pension liability less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2023. The total pension liability for the plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023, using standard update procedures.
Prior to On or After On or After
Hire date November 30, 2010 November 30, 2010 January 1, 2013 Benefit formula 2.5% @ 55 2.0% @ 60 2.0% @ 62
Average final compensation period 12 months 36 months 36 months Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 55 60 62
Monthly benefits, as a % of
eligible compensation 2.500% 2.000% 2.000%
Required employee contribution rates 8.000% 7.000% 7.000% Required employer contribution rates 11.900% 11.900% 11.900% Required UAL payment $3,625,298 $0 $0
Miscellaneous Members
62 118 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
B. CalPERS Miscellaneous Plan - Agent Multiple-Employer Defined Benefit Plan, Continued Net Pension Liability, Continued
Actuarial Assumptions—The total pension liabilities in the June 30, 2022 actuarial valuations were determined using the following actuarial assumptions:
Discount Rate—The discount rate used to measure the total pension liability was 6.90% for the Plan. To determine whether the municipal bond rate should be used in the calculation of a discount rate for the plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate.
Based on the testing, none of the tested plans run out of assets. Therefore, the current 6.90 percent discount rate is adequate, and the use of the municipal bond rate calculation is not necessary. The long term expected discount rate of
6.90 percent will be applied to all plans in the Public Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website.
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. Projected returns for all asset classes are estimated and combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return.
The following table reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses.
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry-Age Actuarial Cost Method
Actuarial Assumptions:
Discount Rate 6.90%
Investment rate of return 6.90%
Inflation 2.30%
Salary Increases Varies by entry age and service
Mortality Derived using CalPERS' membership data for all funds Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter Assumed
Asset Real
Asset Class Allocation Return(a)(b)
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
100.00%
(a) An expected inflation of 2.3% used for this period. (b) Figures are based on the 2021-22 Asset Liability Management study. 63 119 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
B. CalPERS Miscellaneous Plan - Agent Multiple-Employer Defined Benefit Plan, Continued Net Pension Liability, Continued
The changes in the Net Pension Liability for the Miscellaneous Plan follow:
Sensitivity of the Net Pension Liability to Changes in the Discount Rate—The following presents the net pension liability of the City for each Plan, calculated using the discount rate for each Plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one-percentage point lower or one-percentage point higher than the current rate:
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability/(Asset)
Balance at June 30, 2022, measurement date $ 164,629,180 $ 121,578,177 $ 43,051,003 Changes in the year:
Service cost 3,017,340 - 3,017,340
Interest on total pension liability 11,271,715 - 11,271,715 Changes of Benefit Terms 190,463 - 190,463
Changes of assumptions - - -
Differences between expected and
actual experience 1,061,889 - 1,061,889
Net Plan to Plan Resource Movement - - -
Contribution-employer - 5,307,354 (5,307,354)
Contribution-employee (paid by employer) - 1,218,047 (1,218,047) Net investment income - 7,493,927 (7,493,927)
Benefit payments, including refunds of
employee contributions (8,064,000) (8,064,000) -
Administrative expense - (89,403) 89,403
Other Miscellaneous Incme/Expense - - -
Net changes 7,477,407 5,865,925 1,611,482
Balance at June 30, 2023, measurement date $ 172,106,587 $ 127,444,102 $ 44,662,485 Increase (Decrease)
Current
1% Decrease Discount Rate 1% Increase
5.90% 6.90% 7.90%
Net Pension Liability $ 68,098,807 $ 44,662,485 $ 25,470,016 64 120 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
B. CalPERS Miscellaneous Plan - Agent Multiple-Employer Defined Benefit Plan, Continued Net Pension Liability, Continued
Pension Plan Fiduciary Net Position—Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial reports.
Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2024, the City recognized pension expense of $9,043,318 for the Miscellaneous Plan. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
$5,775,835 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:
Payable to Pension Plan
As of June 30, 2024, the City reported a payable of $0 for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2024.
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date $ 5,775,835 $ - Changes in assumptions 632,279 -
Net difference between projected and actual earnings on investments 5,802,544 -
Differences between expected and actual experience 687,861 - Total $ 12,898,519 $ -
Fiscal Year Deferred Outflow/
Ending June 30: (Inflows) of Resources
2025 $ 2,145,826
2026 797,750
2027 4,011,997
2028 167,111
65 121 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
C. CalPERS Safety Plan - Cost Sharing Multiple-Employer Defined Benefit Plans General Information about the Plan
Plan Description—All qualified permanent and probationary safety employees are eligible to participate in pension plans administered by the California Public Employees’ Retirement System (CalPERS), a cost sharing multiple-employer defined benefit pension plan that acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plan are established by State statute and City resolution.
Benefits Provided—CalPERS provides retirement and disability retirement benefits, annual cost-of-living adjustments and death benefits to plan members and their beneficiaries. Benefits are based on years of credited service, with one year being credited for each year of full-time employment completed. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. The retirement benefit, payable for life, is based on a formula which varies depending on the employee’s retirement plan, date of hire, and participation in a public retirement plan prior to City employment. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each rate plan are applied as specified by the Public Employees’ Retirement Law.
The Plan’s provisions and benefits in effect during 2024-25 are summarized as follows:
Contributions—Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on July 1 following notice of a change in the rate. Funding contribution for the Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.
The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.
Safety Classic
Safety Second
Tier Classic Safety PEPRA
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 50 55 57
Monthly benefits, as a % of annual salary 3.00% 3.00% 2.70% Required employee contribution rates 9.00% 9.000% 13.000% Required employer contribution rates 27.110% 22.830% 13.540% Required UAL payment $4,986,623 $0 $15,266
66 122 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
C. CalPERS Safety Plan - Cost Sharing Multiple-Employer Defined Benefit Plans, Continued Net Pension Liabilities
Actuarial Assumptions—The total pension liabilities in the June 30, 2022, actuarial valuations were determined using the following actuarial assumptions:
Discount Rate—The discount rate used to measure the total pension liability was 6.90%. To determine whether the municipal bond rate should be used in the calculation of a discount rate for each plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate. Based on the testing, the plan will not run out of assets. Therefore, the current 6.90% discount rate is adequate and the use of the municipal bond rate calculation is not necessary. The long-term expected discount rate of 6.90% will be applied to the plan in the Public Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website.
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. Projected returns for all asset classes are estimated and, combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return.
The table on the following page reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses.
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry-Age Actuarial Cost Method
Actuarial Assumptions:
Discount Rate 6.90%
Investment rate of return 6.90%
Inflation 2.30%
Salary Increases Varies by entry age and service
Mortality Derived using CalPERS' membership data for all funds Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter 67 123 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
C. CalPERS Safety Plan - Cost Sharing Multiple-Employer Defined Benefit Plans, Continued Net Pension Liabilities, Continued
As of June 30, 2024, the City reported its proportionate share of the net pension liability of the Safety Plan as follows:
The City’s net pension liability of the Plan is measured as the proportionate share of the total net pension liability of the Plan. The net pension liability of the Plan is measured as of June 30, 2023, using an actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023, using standard update procedures. The City’s proportionate share of the net pension liability as of measurement dates June 30, 2022, and 2023, was as follows:
Assumed
Asset Real
Asset Class Allocation Return(a)(b)
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
100.00%
(a) An expected inflation of 2.3% used for this period. (b) Figures are based on the 2021-22 Asset Liability Management study.
Proportionate Share
of Net Pension Liability
Safety $ 74,242,115
Proportion - June 30, 2022 0.594600%
Proportion - June 30, 2023 0.595110%
Change - Increase (Decrease) 0.000510%
68 124 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
C. CalPERS Safety Plan - Cost Sharing Multiple-Employer Defined Benefit Plans, Continued Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions Sensitivity of the Net Pension Liability to Changes in the Discount Rate—The following presents the net pension liability of the City for each Plan, calculated using the discount rate for each Plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one-percentage point lower or one-percentage point higher than the current rate:
Pension Plan Fiduciary Net Position—Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.
Payable to the Pension Plan—At June 30, 2024, the City reported a payable of $0 for outstanding amount of contributions to the pension plan required for the year ended June 30, 2024.
For the year ended June 30, 2024, the City recognized pension expense of $12,490,780 for the Safety Plan. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Current
1% Decrease Discount Rate 1% Increase
5.90% 6.90% 7.90%
Net Pension Liability $ 110,228,271 $ 74,242,115 $ 44,820,871 Deferred
Outflows
Deferred
Inflows
of Resources of Resources
Differences between expected and actual experience $ 5,450,740 $ 466,641 Changes in assumptions 4,332,869 -
Net difference between projected and actual earnings on investments 10,160,013 -
Change in employer's proportion 3,450,074 25,459
Changes in proportion and differences between contributions and proportionate share of contributions - 3,910,560
Pension contributions subsequent to measurement date 7,477,027 - Total $ 30,870,723 $ 4,402,660
69 125 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
12. DEFINED BENEFIT PENSION PLAN, CONTINUED
C. CalPERS Safety Plan - Cost Sharing Multiple-Employer Defined Benefit Plans, Continued Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions, Continued $7,477,027 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:
13. OTHER POSTEMPLOYMENT BENEFITS (OPEB)
General Information about the Plan
Plan Description—The City administers an Agent Multiple-Employer defined-benefit post-employment healthcare plan.
Dependents are eligible to enroll, and benefits continue to surviving spouses.
Benefits Provided—Eligibility for retiree health benefits requires retirement from the City on or after age 50 with at least five years of CalPERS service. Miscellaneous employees and Police employees with less than 15 years of service receive the PEMHCA minimum benefit under the unequal contribution formula.
Police employees with more than 15 years of City Service receive a vested percentage of the Kaiser Bay Area Premium subject to a cap based on hire date. The monthly cap for those hired before January 1, 2013, is $2,000 monthly, multiplied by the vesting percentage. The monthly cap for those hired on or after January 1, 2013, is $1,000 monthly, multiplied by the vesting percentage.
Current Fire employees are covered by a separate plan. There are several Fire retirees with benefits varying by retirement date.
Employees Covered by Benefit Terms—Eligibility for retiree health benefits requires retirement from the City on or after age 50 with at least five years of CalPERS service.
At the measurement date June 30, 2023, the benefit terms covered the following number of employees:
Fiscal Year Deferred Outflow/
Ending June 30: (Inflows) of Resources
2025 $ 6,221,787
2026 4,394,738
2027 8,090,927
2028 283,584
Inactive employees or beneficiaries currently receiving benefits 135 Inactive employees entitled to but not yet receiving benefits - Active employees 250
Total 385
70 126 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
13. OTHER POSTEMPLOYMENT BENEFITS (OPEB), CONTINUED
General Information about the Plan, Continued
Contributions—The City makes contributions as benefits come due (pay as you go).
Net OPEB Liability
The City's net OPEB liability was measured as of June 30, 2023, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2023.
Actuarial Assumptions—The total OPEB liability in the June 30, 2023, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:
Discount Rate—The discount rate used to measure the total OPEB liability is 6.30%. This is the expected long-term rate of return on District assets using the Moderate Index PLUS strategy within the Public Agency Retirement Services (PARS). The projection of cash flows used to determine the discount rate assumed that the City contribution will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan's fiduciary net position is projected to cover all future OPEB payments. Therefore, the discount rate was set equal to the long-term expected rate of return.
Valuation Date June 30, 2023
Measurement Date June 30, 2023
Actuarial Cost Method Entry-Age Normal, level percent of pay Actuarial Assumptions:
Discount Rate 6.30%
Inflation 2.30%
Contribution Policy Contributes full ADC
Salary Increases
2.8% wage inflation plus seniority, merit, and
promotion salary based on CalPERS Experience Study
and Review of Actuarial Assumptions published in
November 2021
Investment Rate of Return 6.00%
Mortality CalPERS Experience Study and Review of Actuarial Assumptions published in December 2017 to the most
recent study published in November 2021.
Healthcare Trend Based on 2021 Getzen model with actual premium increases through 2023, followed by 6.8% in 2024,
decreasing gradually to an ultimate rate of 4.14% in
2075 for non-Medicare and 4.14% for all years for
Medicare
71 127 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
13. OTHER POSTEMPLOYMENT BENEFITS (OPEB), CONTINUED
Net OPEB Liability, Continued
Sensitivity of the Net OPEB Liability to Changes in the Discount Rate—The net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher follows:
Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rates—The net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage point higher than current healthcare cost trend rates, follows:
Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
Balance at June 30, 2022 (MD) $ 17,029,064 $ 14,303,195 $ 2,725,869 Changes in the year:
Service cost 315,450 - 315,450
Interest 1,002,373 - 1,002,373
Differences between actual and
expected experience 3,624,832 - 3,624,832
Changes in assumptions (945,652) - (945,652)
Contribution - employer - 1,119,325 (1,119,325)
Contribution - employees - 157,263 (157,263)
Benefit Payments (1,276,588) (1,276,588) -
Net investment income - 964,371 (964,371)
Administrative expenses - (57,240) 57,240
Net changes 2,720,415 907,131 1,813,284
Balance at June 30, 2023 (MD) $ 19,749,479 $ 15,210,326 $ 4,539,153 Increase (Decrease)
Current
1% Decrease Discount 1% Increase
5.30% 6.30% 7.30%
Net OPEB Liability $ 6,654,147 $ 4,539,153 $ 2,741,599
Current Healthcare
1% Decrease Trend Rate 1% Increase
Net OPEB Liability $ 3,229,282 $ 4,539,153 $ 5,932,341
72 128 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
13. OTHER POSTEMPLOYMENT BENEFITS (OPEB), CONTINUED
OPEB Expense and Deferred Inflows and Outflows of Resources Related to OPEB For the year ended June 30, 2024, the City recognized an OPEB expense of $594,566. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
$1,332,678 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the year ended June 30, 2025. Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Changes of Assumptions
For measurement period ended June 30, 2023, the discount rate was changed to 6.30% and healthcare trend rates were updated to the 2021 Getzen model.
Changes in Benefits
There were no changes in benefits for measurement period ended June 30, 2023.
Outstanding Payables
There were no outstanding payables for the plan as of June 30, 2024.
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
OPEB contributions subsequent to measurement date $ 1,332,678 $ - Differences Between Expected and Actual Experience 3,381,239 3,266,669 Changes of Assumptions 1,408,371 1,022,874
Net differences between projected and actual earnings on plan investments 844,847 -
Total $ 6,967,135 $ 4,289,543
Fiscal Year
Ending June 30:
2025 $ 229,061
2026 (6,075)
2027 342,684
2028 (196,357)
2029 228,636
Thereafter 746,965
73 129 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
14. RISK MANAGEMENT
The City is a member of the Bay Cities Joint Powers Insurance Authority (BCJPIA). The BCJPIA provides coverage against the loss risks described in the following paragraphs under the terms of a joint-powers agreement with the City and several other cities and governmental agencies.
The City has insurance for employment practices liability with coverage of $4,000,000, including the City’s self-insured retention of $75,000; property with coverage at the replacement value of the property with a limit of $1,000,000,000, including the City’s deductible of $10,000; auto and physical damage with coverage of $4,000,000,000, including the City’s deductible of $1,000; and general liability with coverage of $34,500,000, including City’s self-insured retention of $250,000.
The City has workers’ compensation coverage through statutory limits. The City has a self-insured retention up to $250,000 per claim.
For the years ended June 30, 2024, 2023, and 2022, the amount of settlements did not exceed insurance coverage.
The BCJPIA is governed by a Board consisting of representatives from member agencies. The Board controls the operations of the BCJPIA, including selection of management and approval of operating budgets, independent of any influence by member agencies beyond their representation on the Board. The City’s deposits with the BCJPIA are in accordance with formulas established by the BCJPIA. Actual surpluses or losses are shared according to a formula developed from overall loss costs, and they spread to member entities on a percentage basis after a retrospective rating.
Financial statements for the risk pools may be obtained from BCJPIA, 1750 Creekside Oaks Drive, Suite 200, Sacramento, California 95833; or www.bcjpia.org.
Insurance Internal Service Funds
The City’s liability for uninsured general liability claims, including claims incurred but not reported, is reported in the General Liability Self-Insurance Internal Service Fund. Claims and judgments, including a provision for claims incurred but not reported, are recorded when a loss is deemed probable of assertion and the amount of the loss is reasonably determinable. As discussed, above, the City has coverage for such claims, but it has retained the risk for the deductible or uninsured portion, of these claims. The liability is based on an independent actuarial study prepared biennially. It was computed as follows for the year ended June 30, 2024:
The change in the Workers’ Compensation Self-Insurance Internal Service Fund’s claims liability, including claims incurred but not reported, is based on historical trend information. It was computed as follows at June 30, 2024:
Beginning Claims End Due Due in
Balance as of of Year and Changes Claims of Year Within More Than June 30, Liability in Estimates Payments Liability One Year One Year 2024 $ 1,187,567 $ 2,986,952 $ (2,770,395) $ 1,404,124 $ 225,923 $ 1,178,201 2023 1,509,936 1,377,640 (1,700,009) 1,187,567 238,062 1,187,567 2022 1,324,085 1,934,006 (1,748,155) 1,509,936 302,586 1,207,350 Beginning Claims End Due Due in
Balance as of of Year and Changes Claims of Year Within More Than June 30, Liability in Estimates Payments Liability One Year One Year 2024 $ 5,815,000 $ 1,095,580 $ (1,170,580) $ 5,740,000 $ 1,002,628 $ 4,737,372 2023 6,236,000 438,767 (859,767) 5,815,000 1,052,346 5,815,000 2022 5,658,000 2,782,519 (2,204,519) 6,236,000 1,166,342 5,069,658 74 130 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
15. COMMITMENTS AND CONTINGENT LIABILITIES
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney, there is no pending litigation that could have adverse effects on the financial position of the City.
The City participates in Federal, State and Local grant programs. These programs have been audited through the fiscal year ended June 30, 2024, by the City’s independent accountants in accordance with the provisions of the Federal Single Audit Act of 1984, including 1996 amendments and applicable State requirements. No cost disallowances were proposed as a result of these audits; however, these programs are still subject to further examination by the grantors and the amount, if any, of expenditures which could be disallowed by the granting agencies cannot be determined at this time.
16. DEVELOPMENT AND PARTICIPATION AGREEMENTS
A. Mid-Peninsula Housing Coalition
In August 2004, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Mission Associates, L.P., a loan of $4,150,000 to build 120 affordable family rental units on Mission Boulevard (the “Mission Gateway” project). The loan is to be repaid in 55 years at 3% interest from residual receipts generated by the project. As of June 30, 2024, the balance on this loan, including unpaid accrued interest, is $6,422,125.
In April 2010, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Union City TOD I, L.P., a loan of $20,417,748 to build 100 affordable housing units on Block 4 in the Station District (Phase 1 of the “Station Center” project). This loan is to be repaid in 55 years at 0.25% interest. As of June 30, 2024, the balance on this loan, including unpaid accrued interest, is $20,728,389.
In March 2011, the Redevelopment Agency provided Mid-Peninsula Housing Coalition, doing business as MP Union City TOD II, L.P., a loan of $5,116,284 to build 55 affordable housing units on Block 4 of the Station District (Phase 2 of the “Station Center” project). This loan is to be repaid in 55 years at 3% interest. As of June 30, 2024, the balance on this loan, including unpaid accrued interest, is $5,868,388. The completed Station Center project includes 155 affordable housing units and two manager units.
With the dissolution of the Redevelopment Agency, these loans are now accounted for in the City of Union City as Successor Agency to the Redevelopment Agency Low- and Moderate-Income Housing Fund.
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (the Bill) that provides for the dissolution of all redevelopment agencies in the State of California. This action has impacted the reporting entity of the City of Union City that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.
The Bill provides that upon dissolution of a redevelopment agency, either the City or another unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 24, 2012, by Resolution 4260-12, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with the bill.
After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments). 75 131 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY,
CONTINUED
In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.
The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the successor agency by the Bill.
Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations payable by the successor agency trust under the requirements of the Bill.
The City’s position on this issue is not a position of settled law and there is considerable legal uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue unfavorably to the City.
In accordance with the timeline set forth in the Bill, as modified by the California Supreme Court on December 29, 2011, all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012. Prior to that date, the final seven months of activity of the Redevelopment Agency continued to be reported in the governmental funds of the City. After the date of dissolution, the assets and activities of the dissolved Redevelopment Agency are reported in the Redevelopment Property Tax Trust Fund, a fiduciary fund (private-purpose trust fund) in the financial statements of the City.
The transfer of assets and liabilities of the former Redevelopment Agency as of February 1, 2012, (effectively the same date as January 31, 2012) from governmental funds of the City to fiduciary funds was reported in the governmental funds as an extraordinary loss (or gain) in the governmental fund financial statements. The receipt of these assets and liabilities as of January 31, 2012, was reported in the private-purpose trust fund as an extraordinary loss.
A. Cash and Investments
The City of Union City maintains a cash and investment pool that is available for all City activities, including those of the Successor Agency Trust fund. The Successor Agency’s Cash and investments reported in the Statement of Fiduciary Net Position as of June 30, 2024, consisted of the following:
The City manages the Successor Agency’s cash and investments in a manner consistent with the rest of its cash and investment pool. See Note 2 for additional information regarding the type of investments and risks.
Amount
Cash pooled with City $ 8,340,703
Restricted cash and investments 5,402
Total cash and investments $ 8,346,105
76 132 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY,
CONTINUED
B. Long-Term Liabilities
Upon the dissolution of the Redevelopment Agency, the balances of long-term liabilities were transferred from the former Redevelopment Agency to the Successor Agency. The balances of these long-term liabilities, represented by tax allocation bonds (TAB), as of June 30, 2024, follow:
2007 Community Redevelopment Agency Refunding Tax Allocation Bonds On July 11, 2007, the former Redevelopment Agency issued bonds in the amount of $32,905,000 to advance refund a portion of the Agency’s outstanding 1999 tax allocation bonds. The refunding was done in order to take advantage of lower interest rates. The net present value debt service savings is $2,190,807. Interest payments are due semi-annually, on April 1 and October 1. Principal payments became due beginning October 1, 2013. On July 6, 2017, the outstanding balance of $31,129,661, which comprises $30,425,000 of principal plus $704,661 of unamortized premium, was refunded by the issuance of the 2017 Series B Tax Allocation Refunding Bonds. The issuance of the refunding bonds is discussed in a separate note.
2011 Community Redevelopment Agency Tax Allocation Bonds On March 2, 2011, the former Redevelopment Agency issued bonds in the amount of $29,590,000 to finance specific projects in the Redevelopment Project Area. The majority of the projects pertain to the Intermodal Station Area by the Union City BART station. Interest payments are payable semi-annually, on December 1 and June 1. The bonds in the amount of $1,850,000 matured through December 2013, and they bear interest at the rate of 3.000%. The bonds in the amount of $340,000 matured through December 2014, and they bear an interest rate of 3.750%. The bonds in the amount of $27,400,000 mature through December 2033, and they bear interest rates between 4.000% and 6.875%. These bonds are subordinate to the Tax Allocation Bond Series 2001A, 2001B, 2003A, 2005, 2010 and the Refunding Tax Allocation Bond Series 2007. On July 6, 2017, the outstanding balance of $26,041,554, which comprises $26,270,000 of principal less $228,446 of unamortized discount, was refunded by the issuance of the 2017 Series A Tax Allocation Refunding Bonds.
The issuance of the refunding bonds is discussed in a separate note.
Amounts Due Amounts Due
Balance Balance Within In More than
July 30, 2023 Additions Retirements June 30, 2024 One Year One Year 2015A Refunding TAB
2.000% - 5.000% due 10/01/38 61,185,000 - (2,040,000) 59,145,000 1,195,000 57,950,000 Unamortized premium, 2015A TAB 5,512,241 - (383,479) 5,128,762 - 5,128,762 2015B Refunding TAB
1.000% - 4.500% due 10/01/33 3,380,000 - (255,000) 3,125,000 260,000 2,865,000 Unamortized discount, 2015B TAB (30,819) - 3,287 (27,532) - (27,532) 2017A Refunding TAB
3.000% - 5.000% due 10/01/33 17,775,000 - (1,600,000) 16,175,000 1,695,000 14,480,000 Unamortized premium, 2017A TAB 2,780,900 - (271,308) 2,509,592 - 2,509,592 2017B Refunding TAB
2.000% - 5.000% due 10/01/33 21,265,000 - (875,000) 20,390,000 2,290,000 18,100,000 Unamortized discount, 2017B TAB 2,871,290 - (280,125) 2,591,165 - 2,591,165 $ 114,738,612 $ - $ (5,701,625) $ 109,036,987 $ 5,440,000 $ 103,596,987 77 133 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY,
CONTINUED
B. Long-Term Liabilities, Continued
2015 Series A Tax Allocation Refunding Bonds
On November 12, 2015, the Successor Agency issued tax-exempt refunding tax allocation bonds in the amount of $72,135,000 to current refund the outstanding balances of the 2001 Series A, 2003A, and 2005 tax allocations bonds and to advance refund the outstanding balance of the 2010 tax allocation bonds. The escrow agent held amounts in an escrow fund for the 2010 TAB in amounts sufficient to advance refund the bonds on the first optional redemption date of October 1, 2020. The refunding was done in order to take advantage of lower interest rates. The net present value debt service savings are $2,090,770 on the 2001 Series A, $914,228 on the 2003A, $3,454,929 on the 2005 and $17,380 on the 2010 tax allocation bonds. Interest payments are due semi-annually, on April 1 and October 1; principal payments are due October 1. $60,910,000 in serial bonds, bearing interest rates between 2.000% and 5.000%, matures October 1, 2036.
Term bonds of $11,225,000, bearing an interest rate of 3.625%, are due October 1, 2038. 2015 Series B Tax Allocation Refunding Bonds
On November 12, 2015, the Successor Agency issued taxable refunding tax allocation bonds in the amount of $5,005,000 to current refund the outstanding balance of the 2001 Series B tax allocation bonds. The refunding was done in order to take advantage of lower interest rates. The net present value debt service savings was $1,329,377. Interest payments are due semi-annually, on April 1 and October 1; principal payments are due October 1. $2,690,000 in serial bonds, bearing interest rates between 1.000% and 4.000%, are due October 1, 2026. Term bonds of $1,230,000, bearing an interest rate of
4.250%, are due October 1, 2030. Term bonds of $1,085,000, bearing an interest rate of 4.500%, are due on October 1, 2033. 2017 Series A Tax Allocation Refunding Bonds
On July 6, 2017, the Successor Agency issued tax-exempt refunding tax allocation bonds in the amount of $22,930,000 to advance refund the outstanding balance of the 2011 tax allocation bonds. The escrow agent held amounts in an escrow fund for the 2011 bonds in amounts sufficient to advance refund the bonds on the first optional redemption date of December 1, 2021. The refunding was done in order to take advantage of lower interest rates. The net present value debt service savings was $4,480,653. Interest payments are due semi-annually, on April 1 and October 1; principal payments are due October 1. $22,930,000 in serial bonds, bearing interest rates between 3.000% and 5.000%, mature beginning October 1, 2019, and annually thereafter through October 1, 2033. 2017 Series B Tax Allocation Refunding Bonds
On July 6, 2017, the Successor Agency issued tax-exempt refunding tax allocation bonds in the amount of $25,710,000 to current refund the outstanding balance of the 2007 tax allocation bonds. The refunding was done in order to take advantage of lower interest rates. The net present value debt service savings is $6,096,158. Interest payments are due semi-annually, on April 1 and October 1; principal payments are due October 1. $25,710,000 in serial bonds, bearing interest rates between 2.000% and 5.000%, mature beginning October 1, 2018, and annually thereafter through October 1, 2033.
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City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY,
CONTINUED
B. Long-Term Liabilities, Continued
The following schedule illustrates the debt-service requirements to maturity for the Successor Agency as of June 30, 2024:
Pledge of Revenue:
Tax Allocation Bonds
The former Redevelopment Agency had pledged its tax increment revenue to pay the debt service on the tax allocation bonds. With the elimination of the Redevelopment Agency on January 31, 2012, this outstanding debt has been assumed by the Successor Agency. The security for this debt will be property tax revenues to be distributed by the County pursuant to Assembly Bill 1X26 and AB 1484, whereby the outstanding tax allocation bonds are considered enforceable obligations. As such, the Successor Agency will receive property taxes sufficient to meet the annual debt service requirement each year until the bonds are fully retired. Total principal and interest remaining on these bonds is $141,143,734. The annual debt service requirements are shown in the above schedule. For the fiscal year ended June 30, 2024, $9,476,200 of property tax revenue was used for payment of bonded debts.
C. Development and Participation Agreements
Union Landing (Dyer Street Triangle)
In 1998, the City formed the Community Facilities District 97-1 (the District), which is within the former Redevelopment Agency project area known as the Dyer Street Triangle. The District issued $8,000,000 in special tax bonds to be used for the design, acquisition and construction of public facilities. The debt service payments on these bonds are made from the special taxes levied on properties within the District. The former Redevelopment Agency entered into agreements with the property owners in the District, through Owner Participation Agreements (OPA), to pay or reimburse them for any special taxes assessed given certain conditions. With the dissolution of the Redevelopment Agency, responsibility for the payments associated with these OPAs has been assigned to the Successor Agency.
Year Ending
June 30 Principal Interest Total
2025 $ 5,440,000 $ 4,455,131 $ 9,895,131
2026 5,705,000 4,180,144 9,885,144
2027 5,990,000 3,890,856 9,880,856
2028 6,285,000 3,586,450 9,871,450
2029 6,595,000 3,266,644 9,861,644
2030-2034 42,545,000 10,706,900 53,251,900
2035-2039 26,275,000 2,746,409 29,021,409
Total $ 98,835,000 $ 32,832,534 $ 131,667,534
Unamortized bond
premium/discount 10,201,987 10,201,987
$ 109,036,987 $ 141,869,521
Tax Allocation Bonds
79 135 of 471
City of Union City
Notes to Basic Financial Statements
For the year ended June 30, 2024
17. SUCCESSOR AGENCY TRUST FOR FORMER COMMUNITY REDEVELOPMENT AGENCY,
CONTINUED
C. Development and Participation Agreements, Continued
Syufy OPA—In October 1997, the Redevelopment Agency approved and amended an OPA with Sycal Properties, Inc., and Syufy Enterprises, whereby Syufy would demolish a drive-in theater and redevelop the subject property. Syufy also provided property to the Redevelopment Agency for road improvements to Dyer Street and Union Landing Drive. This OPA provides that the Redevelopment Agency will pay for the special taxes levied on them by the CFD No. 97-1 1998 Special Tax Bonds. In Fiscal Year 2023-24, $212,174 was paid to the property owners pursuant to this agreement.
Pappas OPA—In December 1997, the Redevelopment Agency approved an OPA with Pappas Union City LP and Louie J. Pappas and Voula L. Pappas (collectively known as Pappas), whereby Pappas would redevelop certain parcels within the subject property. Pappas also provided property to the Redevelopment Agency for road improvements to Dyer Street and Union Landing Drive. The Pappas OPA provides that the Redevelopment Agency will pay for the special taxes levied on them by the CFD No. 97-1 1998 Special Tax Bonds. In Fiscal Year 2023-24, $197,544 was paid to Pappas Union City LP pursuant to this agreement.
D. Commitments and Contingent Liabilities
The following table represents material commitments for fiscal year 2023-24 that will be included on the recognized obligation payment schedule presented to the State Department of Finance. These obligations are subject to review and approval by the State.
Project Name/Debt Obligation Amount Committed
Tax allocation bond payments $ 131,667,534
Union Landing OPA payments 1,663,654
80 136 of 471
REQUIRED SUPPLEMENTARY
INFORMATION
81 137 of 471
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
1. BUDGETARY BASIS OF ACCOUNTING
A. Budgetary Control and Budgetary Accounting
The City’s budget is the mechanism through which priorities are established and resources are allocated. By resolution, the City Council adopts a biennial operating budget. The budget is adopted on a basis consistent with generally accepted accounting principles (GAAP). Annual appropriations are made for the General Fund, Special Revenue fund and Debt Service funds, with each year of the two-year budget independent of the other. The annual operating budget is effective July 1, and it lapses the following June 30. At the fund level, expenditures may not legally exceed appropriations.
Budgetary control is maintained at the department level. Within each fund, department Directors have the authority to make budget transfers between non-payroll related line item accounts and programs under their control. Requests for budget transfers from payroll to non-payroll accounts require the approval of the City Manager. The City Manager is also authorized to approve budget transfers between departments within the same fund. Any budget revisions that will alter the total appropriation of any fund and transfers between funds must be approved by City Council resolution.
These revisions are reflected in the final budget information presented in the comparison schedules. Unexpended appropriations lapse at the end of each fiscal year.
The City’s five-year capital improvement plan serves as the basis for the budgets in the capital improvement funds.
Appropriations for capital improvement funds are adopted at the same time as the operating budget. These appropriations are made in the year the project is scheduled to commence and are effective for the life of the project.
Amendments to capital budgets may be approved by City Council at any time during the project’s life. As a result, budget-to-actual schedules are not presented.
Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditure of resources are recorded in governmental funds as restricted, committed, or assigned fund balance at fiscal year-end. In the following fiscal year, the encumbered amounts are reappropriated in order to honor the outstanding commitments. Unexpended capital improvement appropriations are carried forward into the new fiscal year so that the projects may be completed.
The following pages present the budget comparison schedules for the General Fund and the Special Revenue Major Governmental Funds.
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1. BUDGETARY BASIS OF ACCOUNTING, Continued
Budgetary Comparison Schedule, General Fund
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 63,727,195 $ 63,727,195 $ 63,342,477 $ (384,718) Licenses, permits, and fees 6,693,238 6,693,238 6,623,612 (69,626) Fines and forfeitures 291,892 291,892 351,480 59,588
Intergovernmental 136,000 136,000 295,120 159,120
Charges for services 3,026,538 3,026,538 3,373,891 347,353 Investment income 1,133,729 1,133,729 4,187,608 3,053,879 Other 416,152 416,152 503,177 87,025 - -
Total revenues 75,424,744 75,424,744 78,677,365 3,252,621 EXPENDITURES:
Current:
General government 12,087,605 12,912,351 14,650,523 (1,738,172) Public safety 44,361,012 44,529,591 43,914,992 614,599
Community and recreation services 5,591,725 5,598,704 4,602,528 996,176 Economic and community development 5,601,055 5,931,575 4,114,142 1,817,433 Public works 4,738,623 6,243,833 5,322,788 921,045
Capital outlay 491,160 607,858 643,262 (35,404)
Debt service:
Principal retirement 651,729 651,729 1,021,287 (369,558) Interest and fiscal charges 102,086 102,086 102,085 1
Total expenditures 73,624,995 76,577,727 74,371,607 2,206,120 REVENUE OVER (UNDER) EXPENDITURES 1,799,749 (1,152,983) 4,305,758 5,458,741
OTHER FINANCING
SOURCES (USES):
Transfers in 818,000 818,000 800,000 (18,000)
Transfers out (2,966,192) (2,966,192) (4,959,796) (1,993,604) Proceeds from long term debt - - 690,861 690,861
Total other financing sources (uses) (2,148,192) (2,148,192) (3,468,935) (1,320,743) Net change in fund balance $ (348,443) $ (3,301,175) 836,823 $ 4,137,998 FUND BALANCES:
Beginning of year 129,890,935
End of year 130,727,758
Adjustments to GAAP basis (Footnote A) 4,114,975
Fund balances, end of year (Footnote A) $ 134,842,733
Footnote A: The General Fund includes funds that are budgeted as special revenue funds but do not meet the criteria for classification as a special revenue fund in accordance with GAAP. The funds budgeted as special revenue funds are not included as part of the budgetary comparisons for the General Fund. The budgetary comparisons for these funds necessary to demonstrate legal compliance are included in the combining and individual fund statements in the comprehensive annual financial statements.
Budgeted Amounts
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
83 139 of 471
1. BUDGETARY BASIS OF ACCOUNTING, Continued
Budgetary Comparison Schedule, Low- and Moderate-Income Housing Special Revenue Fund Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Investment income $ 28,600 $ 28,600 $ 139,894 $ 111,294 Other - - 29,970 29,970
- -
Total revenues 28,600 28,600 169,864 141,264
EXPENDITURES:
Current:
Housing and community development 15,000 15,000 4,356 10,644 Total expenditures 16,000 16,000 4,356 11,644
Net change in fund balance $ 12,600 $ 12,600 165,508 $ 152,908 FUND BALANCES:
Beginning of year 34,629,457
End of year $ 34,794,965
Budgeted Amounts
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
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85 141 of 471
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
2. SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Fiscal year 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 Measurement period 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Total Pension Liability
Service cost $ 3,017,340 $ 2,702,743 $ 2,433,023 $ 2,464,929 $ 2,632,589 $ 2,706,624 Interest on the total pension liability 11,271,715 10,787,650 10,410,959 9,921,578 9,523,726 8,884,813 Changes of assumptions - 4,847,471 - - - (621,644)
Differences between expected and actual
experience 1,061,889 388,910 1,341,390 (240,946) 3,206,882 (2,414,946) Changes in benefits 190,463 - - - - -
Benefit payments, including refunds of
employee contributions (8,064,000) (7,705,208) (7,255,353) (6,479,557) (6,054,812) (5,596,093) Net change in total pension liability 7,477,407 11,021,566 6,930,019 5,666,004 9,308,385 2,958,754 Total pension liability - beginning (a-1) 164,629,180 153,607,614 146,677,595 141,011,591 131,703,206 128,744,452 Total pension liability - ending (a-2) $ 172,106,587 $ 164,629,180 $ 153,607,614 $ 146,677,595 $ 141,011,591 $ 131,703,206 Plan Fiduciary Net Position
Plan-to-plan movement $ - $ - $ - $ - $ - $ (3,233)
Contributions-employer 5,307,354 4,666,661 4,244,374 3,864,555 3,848,992 3,179,595 Contributions-employee 1,218,047 1,128,579 945,661 1,127,611 1,311,530 1,233,093 Net investment income 7,493,927 (10,075,673) 24,969,972 5,323,192 6,665,329 8,010,566 Benefit payments, including refunds of
employee contributions (8,064,000) (7,705,208) (7,255,353) (6,479,557) (6,054,812) (5,596,093) Administrative expense (89,403) (83,254) (110,736) (151,081) (72,411) (148,153) Other miscellaneous income /(expense) - - - - 236 (281,346) Net change in fiduciary net position 5,865,925 (12,068,895) 22,793,918 3,684,720 5,698,864 6,394,429 Plan fiduciary net position - beginning (b-1) 121,578,177 133,647,072 110,853,154 107,168,434 101,469,570 95,075,141 Plan fiduciary net position - ending (b-2) $ 127,444,102 $ 121,578,177 $ 133,647,072 $ 110,853,154 $ 107,168,434 $ 101,469,570 Plan net pension liability - beginning (a-1)-(b-1) $ 43,051,003 $ 19,960,542 $ 35,824,441 $ 33,843,157 $ 30,233,636 $ 33,669,311 Plan net pension liability - ending (a-2)-(b-2) 44,662,485 43,051,003 19,960,542 35,824,441 33,843,157 30,233,636
74.05% 73.85% 87.01% 75.58% 76.00% 77.04%
Covered payroll $ 14,775,667 $ 14,345,307 $ 13,927,483 $ 13,521,828 $ 14,611,544 $ 14,474,267 302.27% 300.11% 143.32% 264.94% 231.62% 208.88%
Notes to Schedule of Changes in Net Pension Liability and Related Ratios:
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2017 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).
Changes of Assumptions: In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from 7.65 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate.
Plan fiduciary net position as a percentage of total
pension liability
Miscellaneous Employees, Agent Multiple-Employer Defined Benefit Plan - Last 10 Years Net pension liability as a percentage of covered
payroll
86 142 of 471
6/30/2018 6/30/2017 6/30/2016 6/30/2015
6/30/2017 6/30/2016 6/30/2015 6/30/2014
$ 2,864,251 $ 2,421,699 $ 2,513,110 $ 2,430,874
8,673,637 8,172,480 7,877,012 7,576,954
7,455,179 - (1,991,573) -
1,153,485 (2,052,903) (1,972,066) -
- - - -
(5,341,843) (4,546,757) (4,311,625) (3,976,150)
14,804,709 3,994,519 2,114,858 6,031,678
113,939,743 109,945,224 107,830,366 101,798,688
$ 128,744,452 $ 113,939,743 $ 109,945,224 $ 107,830,366 $ - $ - $ (1,936) $ -
2,927,761 2,899,129 2,609,444 2,520,794
1,119,518 1,121,325 1,104,774 1,164,221
9,658,906 450,922 1,907,216 12,715,346
(5,341,843) (4,546,757) (4,311,625) (3,976,150)
(128,212) (53,002) (97,901) -
- - - -
8,236,130 (128,383) 1,209,972 12,424,211
86,839,011 86,967,394 85,757,422 73,333,211
$ 95,075,141 $ 86,839,011 $ 86,967,394 $ 85,757,422
$ 27,100,732 $ 22,977,830 $ 22,072,944 $ 28,465,477
33,669,311 27,100,732 22,977,830 22,072,944
73.85% 76.21% 79.10% 79.53%
$ 15,177,251 $ 14,167,785 $ 14,451,463 $ 13,054,104
221.84% 191.28% 159.00% 169.09%
June 30, 2017
87 143 of 471
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
3. SCHEDULE OF CITY’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY Fiscal year 6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 Measurement date 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Proportion of the net pension liability 0.59511% 0.59460% 0.61846% 0.53523% 0.51222% 0.49768% Proportionate share of the net pension liability $ 74,242,115 $ 68,681,433 $ 33,448,190 $ 52,487,841 $ 52,487,841 $ 47,957,639 Covered payroll $ 11,506,713 $ 11,171,566 $ 10,846,180 $ 10,530,272 $ 10,681,452 $ 10,417,936 Proportionate share of the net pension liability as a
percentage of covered payroll 645.21% 614.79% 308.39% 498.45% 491.39% 460.34% Plan fiduciary net position as a percentage of the
total pension liability 76.21% 76.68% 88.29% 75.10% 75.26% 75.26% Notes to Schedule of Changes in Net Pension Liability and Related Ratios:
Safety Cost-Sharing Multiple-Employer Defined Benefit Plan - Last 10 Years Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2017
valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).
Changes of Assumptions: In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from 7.65 percent
(net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on
the 7.5 percent discount rate.
88 144 of 471
6/30/2018 6/30/2017 6/30/2016 6/30/2015
6/30/2017 6/30/2016 6/30/2015 6/30/2014
0.47679% 0.46929% 0.41902% 0.36515%
$ 47,284,595 $ 40,608,201 $ 28,760,899 $ 22,721,774
$ 9,575,599 $ 9,335,067 $ 8,737,678 $ 8,687,097
493.80% 435.01% 329.16% 261.56%
73.31% 74.06% 78.40% 79.82%
89 145 of 471
City of Union City
Required Supplementary Information
For the year ended June 30, 2024
4. SCHEDULE OF CONTRIBUTIONS - Last Ten Years
A. Miscellaneous Employees, Agent Multiple-Employer Defined Benefit Plan FY 2023-24 FY 2022-23 FY 2021-22 FY 2020-21 FY 2019-20 FY 2018-19 Actuarially determined contribution $ 5,775,835 $ 5,307,354 $ 4,243,055 $ 4,243,055 $ 3,864,536 $ 3,848,992 Contributions in relation to the
actuarially determined contribution (5,775,835) (5,307,354) (4,243,055) (4,243,055) (3,864,536) (3,848,992) Contribution deficiency (excess) $ - $ - $ - $ - $ - $ - Covered payroll $ 15,218,937 $ 14,775,667 $ 14,345,307 $ 13,927,483 $ 13,521,828 $ 14,611,544 Contributions as a percentage of
covered payroll 37.95% 35.92% 29.58% 30.47% 28.58% 26.34% B. Safety Employees, Cost-Sharing Multiple-Employer Defined Benefit Plan FY 2022-23 FY 2022-23 FY 2021-22 FY 2020-21 FY 2019-20 FY 2018-19 Contractually required contribution
(actuarially determined) $ 7,477,027 $ 7,127,639 $ 6,327,221 $ 5,689,550 $ 5,108,009 $ 4,520,381 Contributions is relation to the
actuarially determined contributions (7,477,027) (7,127,639) (6,327,221) (5,689,550) (5,108,009) (4,520,381) Contribution deficiency (excess) $ - $ - $ - $ - $ -
Covered payroll $ 11,851,914 $ 11,506,713 $ 11,171,566 10,846,180 10,530,272 10,681,452 Contributions as a percentage of
covered payroll 63.09% 61.94% 56.64% 52.46% 48.51% 42.32% Notes to Schedule of Employer Contribution:
Valuation date: 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 Actuarial cost method: Entry Age Entry Age Entry Age Entry Age Entry Age Entry Age Amortization method: (1) (1) (1) (1) (1) (1)
Assets valuation method: Market Value Market Value Market Value Market Value Market Value Market Value Inflation: 2.50% 2.50% 2.50% 2.50% 2.63% 2.75%
Salary increases: (2) (2) (2) (2) (2) (2)
Investment rate of return: 7.00% 7.00% 7.00% 7.00% 7.25% 7.38% Retirement age: (3) (3) (3) (3) (3) (3)
Mortality: (4) (4) (4) (4) (4) (4)
(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) 50 for all plans, with the exception of 52 for Miscellaneous PEPRA 2%@62 (4) Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board.
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FY 2017-18 FY 2016-17 FY 2015-16 FY 2014-15
$ 3,179,583 $ 2,927,761 $ 2,899,129 $ 2,609,444
(3,179,583) (2,927,761) (2,899,129) (2,609,444)
$ - $ - $ - $ -
$ 14,474,267 $ 15,177,251 $ 14,167,782 $ 14,451,463
21.97% 19.29% 20.46% 18.06%
FY 2017-18 FY 2016-17 FY 2015-16 FY 2014-15
$ 3,625,107 $ 3,044,371 $ 2,705,659 $ 1,746,271
(3,625,107) (3,044,371) (2,705,659) (1,746,271)
$ - $ - $ - $ -
10,417,936 9,575,599 9,335,067 8,737,678
34.80% 31.79% 28.98% 19.99%
6/30/2015 6/30/2014 6/30/2013 6/30/2012
Entry Age Entry Age Entry Age Entry Age
(1) (1) (1) (1)
Market Value Market Value Market Value 15 Year
Smoothed
Market
2.75% 2.75% 2.75% 2.75%
(2) (2) (2) (2)
7.50% 7.50% 7.50% 7.50%
(3) (3) (3) (3)
(4) (4) (4) (4)
91 147 of 471
City of Union City
Required Supplementary Information, Continued
For the year ended June 30, 2024
5. OTHER POST EMPLOYMENT BENEFITS (OPEB)
Measurement Period 2022-23 2021-22 2020-21 2019-20 2018-19 2017-18 2017-18 Total OPEB Liability
Service Cost $ 315,450 $ 313,177 $ 526,513 $ 512,421 $ 320,035 $ 477,452 $ 469,251 Interest on the total OPEB liability 1,002,373 1,029,611 1,018,377 1,001,572 1,294,855 1,257,466 1,039,025 Changes in benefit terms - - - - - - 134,545
3,624,832 (664,484) (1,493,063) 144,434 (3,987,167) (916) 650,698 Changes of assumptions (945,652) - 1,029,609 808,111 (91,744) (531,010) 1,717,923 Benefit payments (1,276,588) (978,253) (1,017,133) (1,024,032) (1,153,589) (1,235,546) (1,048,133) Net change in total OPEB liability 2,720,415 (299,949) 64,303 1,442,506 (3,617,610) (32,554) 2,963,309 Total OPEB liability - beginning 17,029,064 17,329,013 17,264,710 15,822,204 19,439,814 19,472,368 16,509,059 Total OPEB liability - ending (a) $ 19,749,479 $ 17,029,064 $ 17,329,013 $ 17,264,710 $ 15,822,204 $ 19,439,814 $ 19,472,368 Plan Fiduciary Net Position
Contributions - employer $ 1,003,827 $ 836,963 $ 878,906 $ 668,351 $ 1,030,851 $ 581,906 $ 3,094,420 Contributions - employer implicit
subsidy 272,761 141,290 138,227 355,681 518,389 511,778 353,713 POA Employees - - - - - 141,862 -
Net investment income 964,371 (1,821,897) 2,741,195 585,439 808,491 626,123 869,012 Benefit payments (1,276,588) (978,253) (1,017,133) (1,024,032) (1,153,589) (1,235,546) (1,048,133) Administrative expense (57,240) (62,303) (58,796) (44,405) (24,178) (23,900) (50,212) Net change in plan fiduciary net position 907,131 (1,884,200) 2,682,399 541,034 1,179,964 602,223 3,218,800 Plan fiduciary net position - beginning 14,303,195 16,187,395 13,504,996 12,963,962 11,783,998 11,181,775 7,962,975 Plan fiduciary net position - ending (b) $ 15,210,326 $ 14,303,195 $ 16,187,395 $ 13,504,996 $ 12,963,962 $ 11,783,998 $ 11,181,775 Net OPEB liability/(asset) - ending (a) - (b) $ 4,539,153 $ 2,725,869 $ 1,141,618 $ 3,759,714 $ 2,858,242 $ 7,655,816 $ 8,290,593 Plan fiduciary net position as a
percentage of the total OPEB liability 77.02% 83.99% 93.41% 78.22% 81.94% 60.62% 57.42% Covered-employee payroll $ 24,960,452 $ 25,420,128 $ 21,867,460 $ 21,867,460 $ 20,793,624 $ 23,515,163 $ 23,515,163 Net OPEB liability as a percentage of
covered-employee payroll 18.19% 10.72% 5.22% 17.19% 13.75% 32.56% 35.26% Notes:
Changes of Assumptions. The discount rate was changed from 6.75% (net of administrative expenses) to 6.50% fo the measurement period ended June 30, 2018. Discount rate for most recent period is 6.00%. *Ten years of data: Fiscal year 2017/18 was the first year of implementation of GASB Statement Number 75, therefore only seven years of data is presented. Additional years information will be present as it becomes available A. Schedule of Changes in Net OPEB Liability and Related Ratios During the Measurement Period * Differences between expected and
actual experience
92 148 of 471
City of Union City
Required Supplementary Information, Continued
For the year ended June 30, 2024
5. OTHER POST EMPLOYMENT BENEFITS (OPEB), Continued
Fiscal Year Ended June 30 2024 2023 2022 2021 2020 2019 2018 Actuarially Determined Contribution (ADC) $ 613,213 $ 683,363 $ 798,148 $ 779,772 $ 1,001,526 $ 1,153,781 $ 1,113,404 Contributions in relation to the ADC (1,332,678) (1,119,325) (836,963) (878,906) (1,024,032) (1,549,240) (1,093,684) Contribution deficiency (excess) $ (719,465) $ (435,962) $ (38,815) $ (99,134) $ (22,506) $ (395,459) $ 19,720 Covered-employee payroll $ 26,416,717 $ 24,960,452 $ 25,420,128 $ 21,943,718 $ 21,867,460 $ 20,885,803 $ 21,813,931 Contributions as a percentage
of covered-employee payroll 5.04% 4.48% 3.29% 4.01% 4.68% 7.42% 5.01% (1) Historical information is required only for measurement periods for which GASB 75 is applicable.
Notes to Schedule:
Actuarial Cost Method Entry age normal, level percent of pay Amortization Method Closed period, level percent of pay Amortization Period 20 Years
Assumed Payroll Growth 2.80%
Rate of Return on Assets 6.30%
B. Schedule of Plan
93 149 of 471
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94 150 of 471
SUPPLEMENTARY
INFORMATION
95 151 of 471
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for revenues that are legally restricted to expenditures for particular purposes.
Measure B/ACTC Fund
This fund accounts for the City's portion of Measure B sales tax used to finance streets and roads projects and bicycle and pedestrian path projects. Under Measure B administered by the Alameda County Transportation Commission (ACTC), the City receives proceeds of a voter-approved additional half-cent sales tax for use on transportation-related expenditures.
Special Parks Fund
This fund accounts for the park dedication fees and bedroom taxes received for the development and improvement of City parks.
Financing is also provided by state and local grant funds.
State Gas Tax Fund
This fund accounts for Highways Users Tax funds received. The State imposes excise taxes on transportation fuels. Taxes on fuel used for motor vehicles is transferred to the Highways Users Tax Account and is apportioned to cities under population-based formulas contained in the State Streets and Highways code. These funds are used for street maintenance and construction.
Street Lights and Landscaping Fund
This fund accounts for funds received from a special assessment on properties within the City. The Landscaping and Lighting Act of 1972 allows local governmental agencies to form Landscape and Lighting Maintenance Districts for the purpose of financing the costs and expenses of landscaping and lighting public areas.
Housing and Community Development Fund
This fund accounts for grants received from the U.S. Department of Housing and Urban Development's Community Block Grant Program. The grant funds are used to provide housing rehabilitation loans to qualified homeowners and to provide support for community service organizations.
HOME Fund
This fund accounts for federal funds received through the County of Alameda for the development or rehabilitation of affordable housing.
DIPSA Development Fund
This fund accounts for revenues received in the Decoto Industrial Park Study Area (DIPSA). The primary source of revenue is developer impact fees. These fees are to be used for infrastructure improvements in this eastern section of the City.
Community Facility Districts (Maintenance) Fund
This fund accounts for property tax assessments in community facilities districts that are used to fund police services, fire protection and suppression services and park maintenance in the community facility districts. The City has three such districts: DIPSA, Summerhill/Melodia and Avalon Bay/Masonic Homes.
EMS Enhancement (Emergency Medical Services) Fund
This fund accounts for monies received from property tax assessment and a first responder program administered by the Alameda County Health Department to fund paramedic activities.
Traffic Signalization Fund
This fund accounts for monies received from developers for the installation of traffic signals.
Supplemental Law Enforcement Fund
This fund accounts for monies received under State AB3229, Citizens' Option for Public Safety. The funds are passed through to the City from the County of Alameda and are used for front-line law enforcement services. 96 152 of 471
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS, Continued:
Clean Water Program Fund
This fund accounts for monies received from property tax assessments for the implementation of the federal Clean Water Act requirements under the regulatory authority of the San Francisco Bay Regional Water Quality Control Board.
Recycling and Waste Management Fund
This fund accounts for revenues received from a special property tax assessment to administer the City's recycling and waste management activities. The City contracts with a private company for recycling services.
Used Oil Block Grant Fund
This fund accounts for funds received from the California Integrated Waste Management Board that are used to educate the public about the recycling of used oil and to provide used oil and used oil filter collection opportunities.
Housing In-Lieu Fund
This fund accounts for fees paid by developers of housing projects with six units or less, outside the Redevelopment Project Area. If the housing development is six units or less, the developer may opt to pay this in-lieu fee rather than provide affordable housing units in their development.
Public Safety Parcel Tax Fund
This fund accounts for a voter-approved assessment to support public safety services in the City. Measure UU, which extended this tax, authorizes a portion of this assessment, $500,000, to be used to fund youth violence prevention and intervention activities.
Union Landing PBID Fund
This fund accounts for activities in the Union Landing shopping center. The property owners approved the formation of a propertybased business improvement district and the associated special assessment levied on their properties. These funds are used to support a police sub-station at the shopping center and provide special police patrols.
Alameda County Waste Import Mitigation Fund
This fund accounts for grant funds received from Alameda County Waste Management Authority. These funds are to be spent on waste reduction efforts in accordance with the guidelines adopted by the Authority.
Solid Waste Management Fund
This fund accounts for funds received from levies on properties for the collection of solid waste. Under the terms of the franchise agreement, the major portion of this money is remitted to the solid waste collector as payment of their services and a portion of is remitted to the City's General Fund as their share of the franchise fee.
Asset Forfeiture State Fund
This fund accounts for asset confiscation funds received from the federal government.
Measure F Fund
This fund accounts for funds received under Measure F. Approved by voters in November 2010, Measure F increases the motor vehicle registration fee by $10 on all vehicles registered in Alameda County. The funds received from this fee are to be used on transportation-related projects, such as local streets and roads and pedestrian and bicycle programs.
CUPA Enforcement Fund
This fund accounts for administrative penalties collected under California Health and Safety Code Section 25404.1.1(i). The penalties received by the City as a Certified Unified Program Agency (CUPA) are to be used to fund the enforcement activities of this section of the Health and Safety Code.
Measure D Fund
This fund accounts for funds received for Measure D, the Alameda County Waste Reduction and Recycling Initiative. This initiative levies a surcharge on solid waste landfilled in unincorporated Alameda County; a portion of this revenue is disbursed to cities to be used for the continuation and expansion of municipal recycling programs. 97 153 of 471
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS, Continued:
Youth Violence Prevention & Intervention Fund
This fund accounts for the $500,000 portion of the voter-approved Measure UU to be used to support prevention, intervention or suppression strategies to reduce gang and youth violence.
Affordable Housing Fund
This fund accounts for the proceeds received from tax allocation bonds used to acquire or develop affordable housing units for qualified low- and moderate-income households throughout the City.
Public Art Fund
This fund accounts for funds received from developers that are to be used to acquire, place and maintain public art on public property throughout the City.
Measure BB Fund
This fund accounts for funds received for Measure BB, a sales tax approved by Alameda County voters in November 2014. Measure BB extends the existing Measure B 1/4 cent transportation sales tax to April 2045. Funds received will be used for local streets maintenance and safety and bike and pedestrian paths and safety.
Cable TV PEG Fund
This fund accounts for funds received from cable television providers, these funds are to be used for improvements related to public, education and governmental access channels. Per the Federal Communications Commission, the funds are to be used for capital improvements.
Rent Mediation/Eviction Protection Fund
This fund accounts for funds collected from rental property owners in Union City. These funds are used for the administration of the eviction and harassment protection and the rent mediation ordinance.
Traffic Congestion Fund
This fund accounts for monies received from the State of California to be used for the preservation, maintenance and rehabilitation of the local street and road system.
SB 1 Road Maintenance & Rehab Fund
This fund accounts for tax monies received from the State of California. These funds are to be used in addressing deferred maintenance on local street and road system.
Affordable Housing Impact Fee Fund
This fund accounts for impact fees collected by the City for affordable housing purposes.
SB 1383 CalRecycle Fund
This fund accounts for revenues and expenditures relating to SB 1383 CalRecycle Beverage Container Recycling Fund
This fund accounts for revenues and expenditures relating to Beverage Container Recycling.
Office of Traffic Safety Fund
This fund accounts for revenues and expenditures relating to Office of Traffic Safety.
Homeless Provider Incubator Fund
This fund accounts for revenues and expenditures relating to Homeless Provider Incubator.
ARPA Special Revenue Fund
This fund accounts for distributions from the America Rescue Plan Act (ARPA) - Coronavirus State and Local Fiscal Recovery Funds. 98 154 of 471
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS, Continued:
Police Miscellaneous Grants Fund
This fund accounts for revenues and expenditures relating to miscellaneous police grants.
National Opioid Settlement Fund
This fund accounts for revenues and expenditures relating to the national opiod settlement.
Homeless Housing Assistance Prevention Fund
This fund accounts for revenues and expenditures relating to homeless housing assistance prevention.
Cannabis Community Benefits Fund
This fund accounts for revenues and expenditures relating to cannabis community benefits.
DEBT SERVICE FUNDS
Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs.
Pension Obligation Bonds Fund
This fund accounts for principal and interest requirement on Pension Obligation Bonds to fund a portion of unfunded liability to the State's public employee retirement system.
Community Facilities District Fund
This fund accounts for the debt service requirements on the Special Tax Bonds issued by the Community Facilities District 97-1. The bonds were issued to finance the construction of public facilities and improvements in the Dyer Street Triangle area, more commonly known as the Union Landing shopping area.
CAPITAL PROJECT FUNDS:
Capital project funds are used to account for the acquisition, construction and improvements to major capital facilities.
Capital Facilities Improvements Fund
This fund accounts for developer impact fees received. These funds are used to construct or improve various facilities throughout the City.
Bridge Benefit District Fund
This fund accounts for the construction and maintenance of bridges within the City, funded by developers and the property owners benefitted by the bridges.
Park Facilities Fund
This fund accounts for funds collected from new non-subdivided residential construction (apartments) developers. These monies will be used for park facilities and the costs of acquiring land for park improvements.
Measure WW Fund
This fund accounts for grant funds received from the East Bay Regional Parks District Measure WW bond measure. A portion of the this bond measure provides funds to local cities for the acquisition and development of local parklands. 99 155 of 471
City of Union City
Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2024
Street
Measure B Special State Lights and
ACTIA Parks Gas Tax Landscaping
ASSETS
Cash and investments $ 1,095,350 $ 923,454 $ 3,007,020 $ 1,024,630 Restricted cash and investments
with fiscal agents - - - -
Receivables:
Taxes - - - 8,826
Accounts - - 1,200 -
Interest - - - -
Intergovernmental - - 166,370 -
Due from other funds - - - -
Loan receivable - - - -
Prepaid items - - - -
Total assets $ 1,095,350 $ 923,454 $ 3,174,590 $ 1,033,456
LIABILITIES
Accounts payable $ 42,990 $ - $ 27,741 $ 182,407
Other accrued liabilities 15,499 - 49 -
Due to other funds - - 27,173 34,191
Unearned revenue - - - -
Total liabilities 58,489 - 54,963 216,598
DEFERRED INFLOW OF RESOURCES
Unavailable revenues - - 3,531 -
Total deferred inflow of resources - - 3,531 -
FUND BALANCE
Nonspendable - - - -
Restricted 1,036,861 923,454 3,116,096 816,858
Committed - - - -
Unassigned - - - -
Total fund balance 1,036,861 923,454 3,116,096 816,858
Total liabilities, deferred inflow of resources and
fund balances $ 1,095,350 $ 923,454 $ 3,174,590 $ 1,033,456 Special Revenue Funds
100
156 of 471
Housing and CFD Supplemental
Community DIPSA Maintenance EMS Traffic Law
Development HOME Development Districts Enhancement Signalization Enforcement $ - $ 240,400 $ 250,403 $ 1,482,618 $ 280,507 $ 42,788 $ 565,968 - - - - - - -
- - - 3,768 1,639 - -
- - - - - - -
245,709 910,370 - - - - -
123,682 35,697 - - - - 108,159
- - - - - - -
532,601 1,801,115 - - - - -
- - - - - - -
$ 901,992 $ 2,987,582 $ 250,403 $ 1,486,386 $ 282,146 $ 42,788 $ 674,127 $ 74,179 $ 7 $ 27,720 $ 46,279 $ 29,687 $ 10,799 $ 1,569 - - - 325 - - 64,047
281,285 127 - 7,903 - - -
- - - - - - -
355,464 134 27,720 54,507 29,687 10,799 65,616
369,391 946,068 - - - - -
369,391 946,068 - - - - -
- - - - - - -
177,137 2,041,380 - 1,431,879 252,459 - 608,511
- - 222,683 - - 31,989 -
- - - - - - -
177,137 2,041,380 222,683 1,431,879 252,459 31,989 608,511 $ 901,992 $ 2,987,582 $ 250,403 $ 1,486,386 $ 282,146 $ 42,788 $ 674,127 Special Revenue Funds
101
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City of Union City
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30, 2024
Recycling
Clean Water and Waste Used Oil Housing
Program Management Block Grant In-Lieu
ASSETS
Cash and investments $ - $ 335,348 $ 14,618 $ 902,074
Restricted cash and investments
with fiscal agents - - - -
Receivables:
Taxes 816 17,985 - -
Accounts - 83,469 - -
Interest - - - -
Intergovernmental - - - -
Due from other funds - - - 279,934
Loan receivable - - - 950,289
Prepaid items - - - -
Total assets $ 816 $ 436,802 $ 14,618 $ 2,132,297
LIABILITIES
Accounts payable $ 4,464 $ 1,796 $ - $ 114,508
Other accrued liabilities - - - -
Due to other funds 1,421,754 - - 3,479
Unearned revenue - - 13,448 -
Total liabilities 1,426,218 1,796 13,448 117,987
DEFERRED INFLOW OF RESOURCES
Unavailable revenues - - - -
Total deferred inflow of resources - - - -
FUND BALANCE
Nonspendable - - - -
Restricted - 435,006 1,170 2,014,310
Committed - - - -
Unassigned (1,425,402) - - -
Total fund balance (1,425,402) 435,006 1,170 2,014,310
Total liabilities, deferred inflow of resources and
fund balances $ 816 $ 436,802 $ 14,618 $ 2,132,297
Special Revenue Funds
102
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Union Alameda County Solid Asset
Public Safety Landing Waste Import Waste Forfeiture CUPA Parcel Tax PBID Mitigation Management State Measure F Enforcement $ - $ 350,172 $ 36,695 $ 1,791,650 $ 80,926 $ 1,631,930 $ 91,628 - - - - - - -
- - - 43,805 - - -
- - - 7,794 - - -
- - - - - - -
- - - - - 50,613 -
- - - - - - -
- - - - - - -
- - - 1,197 - - -
$ - $ 350,172 $ 36,695 $ 1,844,446 $ 80,926 $ 1,682,543 $ 91,628 $ - $ 47,237 $ - $ 11,796 $ - $ 29,156 $ -
- - - 1,241,442 - - -
- 12,412 - 4,731 - - -
- - - - - - -
- 59,649 - 1,257,969 - 29,156 -
- - - - - - -
- - - - - - -
- - - 1,197 - - -
- 290,523 36,695 585,280 80,926 1,653,387 91,628
- - - - - - -
- - - - - - -
- 290,523 36,695 586,477 80,926 1,653,387 91,628
$ - $ 350,172 $ 36,695 $ 1,844,446 $ 80,926 $ 1,682,543 $ 91,628 Special Revenue Funds
103
159 of 471
City of Union City
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30, 2024
Youth Measure D
Violence Waste
Prevention & Reduction/ Affordable Public
Intervention Recycling Housing Art
ASSETS
Cash and investments $ 1,272,594 $ 213,370 $ 1,305,782 $ 1,087,180 Restricted cash and investments
with fiscal agents - - - -
Receivables:
Taxes - - - -
Accounts - - - -
Interest - - - -
Intergovernmental 138,483 - - -
Due from other funds - - - -
Loan receivable - - - -
Prepaid items - - - -
Total assets $ 1,411,077 $ 213,370 $ 1,305,782 $ 1,087,180
LIABILITIES
Accounts payable $ 2,035 $ - $ - $ 24,975
Other accrued liabilities - - - -
Due to other funds 5,861 - - -
Unearned revenue - - - -
Total liabilities 7,896 - - 24,975
DEFERRED INFLOW OF RESOURCES
Unavailable revenues 66,652 - - -
Total deferred inflow of resources 66,652 - - -
FUND BALANCE
Nonspendable - - - -
Restricted 1,336,529 213,370 1,305,782 -
Committed - - - 1,062,205
Unassigned - - - -
Total fund balance 1,336,529 213,370 1,305,782 1,062,205 Total liabilities, deferred inflow of resources and
fund balances $ 1,411,077 $ 213,370 $ 1,305,782 $ 1,087,180 Special Revenue Funds
104
160 of 471
Rent Mediation/ SB 1 Road Affordable
Cable TV Eviction Traffic Maintenance Housing Pension
Measure BB PEG Protection Congestion & Rehab Impact Fee Stabilization $ 6,830,918 $ 407,149 $ 505,215 $ 278,180 $ 6,259,939 $ 703,638 $ - - - - - - - 17,035,302
357,936 21,862 - - - - -
- - - - - - -
- - - - - - -
- - - - 314,987 - -
- - - - - - -
- - - - - - -
- - - - - - -
$ 7,188,854 $ 429,011 $ 505,215 $ 278,180 $ 6,574,926 $ 703,638 $ 17,035,302 $ 58,185 $ - $ 5,448 $ - $ 163,148 $ - $ -
6 - - - - - -
- - 596 - - - -
- - - - - - -
58,191 - 6,044 - 163,148 - -
- - - - - - -
- - - - - - -
- - - - - - -
7,130,663 429,011 499,171 278,180 6,411,778 703,638 17,035,302 - - - - - - -
- - - - - - -
7,130,663 429,011 499,171 278,180 6,411,778 703,638 17,035,302 $ 7,188,854 $ 429,011 $ 505,215 $ 278,180 $ 6,574,926 $ 703,638 $ 17,035,302 Special Revenue Funds
105
161 of 471
City of Union City
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30, 2024
Beverage Office of Homeless
SB 1383 Container Traffic Provider
Recycle Recycling Safety Incubator
ASSETS
Cash and investments $ 483,500 $ 18,394 $ 11,564 $ -
Restricted cash and investments
with fiscal agents - - - -
Receivables:
Taxes - - - -
Accounts 8,333 - - -
Interest - - - -
Intergovernmental - - - 34,846
Due from other funds - - - -
Loan receivable - - - -
Prepaid items - - - -
Total assets $ 491,833 $ 18,394 $ 11,564 $ 34,846
LIABILITIES
Accounts payable $ 5,116 $ - $ - $ -
Other accrued liabilities - - - -
Due to other funds - - 1,929 219,476
Unearned revenue 180,941 23,845 - -
Total liabilities 186,057 23,845 1,929 219,476
DEFERRED INFLOW OF RESOURCES
Unavailable revenues - - - 34,846
Total deferred inflow of resources - - - 34,846
FUND BALANCE
Nonspendable - - - -
Restricted 305,776 - 9,635 -
Committed - - - -
Unassigned - (5,451) - (219,476)
Total fund balance 305,776 (5,451) 9,635 (219,476)
Total liabilities, deferred inflow of resources and
fund balances $ 491,833 $ 18,394 $ 11,564 $ 34,846
Special Revenue Funds
106
162 of 471
Homeless Community and
Police National Housing Cannabis Recreation Pension Community Miscellaneous Opioid Assistance Community Services Grants Obligation Facilities Grants Settlement Prevention Benefits and Donations Bonds District $ 37,624 $ 104,051 $ 140,965 $ - $ - $ 2,293,699 $ 844,987 - - - - - 3,103,247 578,100
- - - - - - -
- - - - - - -
- - - - - - -
- - 119,967 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
$ 37,624 $ 104,051 $ 260,932 $ - $ - $ 5,396,946 $ 1,423,087 $ 383 $ - $ 7,726 $ - $ 2,056 $ 189 $ 1,904
- - - - - - -
- 462 1,323 21,996 30,735 - -
- 100,903 - - - - -
383 101,365 9,049 21,996 32,791 189 1,904
- - 17,730 - - - -
- - 17,730 - - - -
- - - - - - -
37,241 2,686 234,153 - - 5,396,757 1,421,183
- - - - - - -
- - - (21,996) (32,791) - -
37,241 2,686 234,153 (21,996) (32,791) 5,396,757 1,421,183 $ 37,624 $ 104,051 $ 260,932 $ - $ - $ 5,396,946 $ 1,423,087 Special Revenue Funds Debt Service Funds
107
163 of 471
City of Union City
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30, 2024
Total
Capital Bridge Non-Major
Facilities Benefit Park Measure Governmental
Improvements District Facilities WW Funds
ASSETS
Cash and investments $ 178,968 $ 255,947 $ 2,689,267 $ 8,518 $ 40,079,628 Restricted cash and investments
with fiscal agents - - - - 20,716,649
Receivables:
Taxes - - - - 456,637
Accounts - - - - 100,796
Interest - - - - 1,156,079
Intergovernmental - - - - 1,092,804
Due from other funds - - - - 279,934
Loan receivable - - - - 3,284,005
Prepaid items - - - - 1,197
Total assets $ 178,968 $ 255,947 $ 2,689,267 $ 8,518 $ 67,167,729
LIABILITIES
Accounts payable $ 4,895 $ - $ - $ - $ 928,395
Other accrued liabilities - - - - 1,321,368
Due to other funds - - - - 2,075,433
Unearned revenue - - - - 319,137
Total liabilities 4,895 - - - 4,644,333
DEFERRED INFLOW OF RESOURCES
Unavailable revenues - - - - 1,438,218
Total deferred inflow of resources - - - - 1,438,218
FUND BALANCE
Nonspendable - - - - 1,197
Restricted - - - - 58,344,415
Committed 174,073 255,947 2,689,267 8,518 4,444,682
Unassigned - - - - (1,705,116)
Total fund balance 174,073 255,947 2,689,267 8,518 61,085,178 Total liabilities, deferred inflow of resources
and fund balances $ 178,968 $ 255,947 $ 2,689,267 $ 8,518 $ 67,167,729 Capital Project Funds
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City of Union City
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds
For the year ended June 30, 2024
Measure B Special State Street Lights
ACTIA Parks Gas Tax and Landscaping
REVENUES:
Taxes and special assessments $ - $ 3,183 $ 1,885,382 $ 2,691,511 Fines and forfeitures - - - -
Intergovernmental 49,225 157,620 - -
Charges for services - - (10,125) -
Investment income 35,696 25,897 95,372 13,645
Other - - - 3,779
Total revenues 84,921 186,700 1,970,629 2,708,935
EXPENDITURES:
Current:
General government - - 34 80,666
Public safety - - - -
Housing and community development - - - -
Community and recreation services - - 1,570 -
Economic and community development - - - -
Public works 375,690 180,094 1,986,184 3,409,130
Capital outlay - - - -
Debt service:
Principal repayment - - - 294,713
Interest and fiscal charges - - - 56,498
Total expenditures 375,690 180,094 1,987,788 3,841,007
REVENUE OVER
(UNDER) EXPENDITURES (290,769) 6,606 (17,159) (1,132,072)
OTHER FINANCING
SOURCES (USES):
Transfers in - - - 750,000
Transfers out - - (81,913) (104,555)
Total other financing sources (uses) - - (81,913) 645,445 Net change in fund balances (290,769) 6,606 (99,072) (486,627) FUND BALANCES:
Beginning of year 1,327,630 916,848 3,215,168 1,303,485 End of year $ 1,036,861 $ 923,454 $ 3,116,096 $ 816,858 Special Revenue Funds
110
166 of 471
Community
Housing and Facility Supplemental
Community DIPSA Districts EMS Traffic Law
Development HOME Development Maintenance Enhancement Signalization Enforcement $ - $ - $ - $ 1,155,909 $ 347,531 $ - $ -
- - - - - - -
815,211 88,486 - - - - 251,003
- - - - - 19,957 -
- 27,248 8,432 - 6,197 2,762 14,078
(52,365) - - - - - -
762,846 115,734 8,432 1,155,909 353,728 22,719 265,081
- - - 34,355 13,422 - -
- - 46,404 268,534 299,458 - 108,997
453,986 - - - - - -
- - - - - - -
- 7,742 - - - - -
20,407 - 38,920 653,886 - 82,938 -
- - - - - - 14,980
- - - - - - -
- - - - - - -
474,393 7,742 85,324 956,775 312,880 82,938 123,977
288,453 107,992 (76,892) 199,134 40,848 (60,219) 141,104 - - - - - - -
(4,897) (459) - (22,143) - - -
(4,897) (459) - (22,143) - - -
283,556 107,533 (76,892) 176,991 40,848 (60,219) 141,104 (106,419) 1,933,847 299,575 1,254,888 211,611 92,208 467,407 $ 177,137 $ 2,041,380 $ 222,683 $ 1,431,879 $ 252,459 $ 31,989 $ 608,511 Special Revenue Funds
111
167 of 471
City of Union City
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds, Continued
For the year ended June 30, 2024
Recycling
Clean Water and Waste Used Oil Housing
Program Management Block Grant In-Lieu
REVENUES:
Taxes and special assessments $ 1,279,241 $ - $ - $ -
Fines and forfeitures - - - -
Intergovernmental - - 6,232 -
Charges for services - 334,311 - 12,000
Investment income - - - -
Other - - - -
Total revenues 1,279,241 334,311 6,232 12,000
EXPENDITURES:
Current:
General government - 61,813 - -
Public safety - - - -
Housing and community development - - - 202,598
Community and recreation services - - - -
Economic and community development 123,492 - - -
Public works 444,475 - 6,725 -
Capital outlay - - - -
Debt service:
Principal repayment - - - -
Interest and fiscal charges - - - -
Total expenditures 567,967 61,813 6,725 202,598
REVENUE OVER
(UNDER) EXPENDITURES 711,274 272,498 (493) (190,598)
OTHER FINANCING
SOURCES (USES):
Transfers in - - - -
Transfers out (8,593) (300,000) - (11,655)
Total other financing sources (uses) (8,593) (300,000) - (11,655) Net change in fund balances 702,681 (27,502) (493) (202,253) FUND BALANCES:
Beginning of year (2,128,083) 462,508 1,663 2,216,563
End of year $ (1,425,402) $ 435,006 $ 1,170 $ 2,014,310 Special Revenue Funds
112
168 of 471
Union Alameda County Solid Asset
Public Safety Landing Waste Import Waste Forfeiture CUPA Parcel Tax PBID Mitigation Management State Measure F Enforcement $ - $ 1,098,603 $ - $ 93,750 $ - $ - $ -
- - - - (4,186) - -
- - - - - 301,480 -
- - - 101,327 - - -
- 1,227 - - 2,345 44,694 -
- - - 631,474 - - 10,000
- 1,099,830 - 826,551 (1,841) 346,174 10,000
- 416 - 592,730 - - -
- 754,982 - - - - -
- - - - - - -
- - - - - - -
- 201,693 - - - - -
- - - - - 254,315 -
- - - - - 60 -
- - - - - - -
- - - - - - -
- 957,091 - 592,730 - 254,375 -
- 142,739 - 233,821 (1,841) 91,799 10,000
139 66,974 - - - - -
- (35,032) - (15,081) - - -
139 31,942 - (15,081) - - -
139 174,681 - 218,740 (1,841) 91,799 10,000
(139) 115,842 36,695 367,737 82,767 1,561,588 81,628
$ - $ 290,523 $ 36,695 $ 586,477 $ 80,926 $ 1,653,387 $ 91,628 Special Revenue Funds
113
169 of 471
City of Union City
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds, Continued
For the year ended June 30, 2024
Youth Measure D
Violence Waste
Prevention/ Reduction/ Affordable Public
Intervention Recycling Housing Art
REVENUES:
Taxes and special assessments $ - $ - $ - $ 56,929
Fines and forfeitures - - - -
Intergovernmental 571,558 200,574 - -
Charges for services - - - -
Investment income - 5,488 - 29,078
Other - - 22,500 -
Total revenues 571,558 206,062 22,500 86,007
EXPENDITURES:
Current:
General government - 155,184 - -
Public safety - - - -
Housing and community development - - - -
Community and recreation services 434,870 - - 6,006
Economic and community development - - - 22,875
Public works - - - -
Capital outlay - - - -
Debt service:
Principal repayment - - - -
Interest and fiscal charges - - - -
Total expenditures 434,870 155,184 - 28,881
REVENUE OVER
(UNDER) EXPENDITURES 136,688 50,878 22,500 57,126
OTHER FINANCING
SOURCES (USES):
Transfers in - - - -
Transfers out (20,006) (8,968) - -
Total other financing sources (uses) (20,006) (8,968) - - Net change in fund balances 116,682 41,910 22,500 57,126 FUND BALANCES:
Beginning of year 1,219,847 171,460 1,283,282 1,005,079 End of year $ 1,336,529 $ 213,370 $ 1,305,782 $ 1,062,205 Special Revenue Funds
114
170 of 471
Rent Mediation/ SB 1 Road Affordable
Cable TV Eviction Traffic Maintenance Housing Pension
Measure BB PEG Protection Congestion & Rehab Impact Fee Stabilization $ 2,121,193 $ - $ - $ - $ - $ - $ -
- - - - - - -
- - - - 1,807,378 - -
- - 76,792 - - 404,142 -
172,087 - - 7,667 181,606 - 1,577,299
- 89,885 - - - - -
2,293,280 89,885 76,792 7,667 1,988,984 404,142 1,577,299 193 - - - - - 62,058
- - - - - - -
- - 64,468 - - - -
- - - - - - -
- - - - - - -
947,200 - - - 1,346,073 - -
- - - - 763,227 - -
- - - - - - -
- - - - - - -
947,393 - 64,468 - 2,109,300 - 62,058
1,345,887 89,885 12,324 7,667 (120,316) 404,142 1,515,241 - - - - - - -
- - - - - - -
- - - - - - -
1,345,887 89,885 12,324 7,667 (120,316) 404,142 1,515,241 5,784,776 339,126 486,847 270,513 6,532,094 299,496 15,520,061 $ 7,130,663 $ 429,011 $ 499,171 $ 278,180 $ 6,411,778 $ 703,638 $ 17,035,302 Special Revenue Funds
115
171 of 471
City of Union City
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds, Continued
For the year ended June 30, 2024
Beverage Office of Homeless
SB 1383 Container Traffic Provider
Recycle Recycling Safety Incubator
REVENUES:
Taxes and special assessments $ 100,000 $ - $ - $ -
Fines and forfeitures - - - -
Intergovernmental - (1,575) 97,087 253,935
Charges for services - - - -
Investment income - 279 - -
Other - - 2,471 -
Total revenues 100,000 (1,296) 99,558 253,935
EXPENDITURES:
Current:
General government 52,430 - - -
Public safety - - 92,858 -
Housing and community development - - - -
Community and recreation services - - - 228,432
Economic and community development - - - -
Public works - 13,116 - -
Capital outlay 489 - 20,000 -
Debt service:
Principal repayment - - - -
Interest and fiscal charges - - - -
Total expenditures 52,919 13,116 112,858 228,432
REVENUE OVER
(UNDER) EXPENDITURES 47,081 (14,412) (13,300) 25,503
OTHER FINANCING
SOURCES (USES):
Transfers in - - - -
Transfers out - - - (11,458)
Total other financing sources (uses) - - - (11,458)
Net change in fund balances 47,081 (14,412) (13,300) 14,045 FUND BALANCES:
Beginning of year 258,695 8,961 22,935 (233,521)
End of year $ 305,776 $ (5,451) $ 9,635 $ (219,476)
Special Revenue Funds
116
172 of 471
Homeless Community and
Police National Housing Cannabis Recreation Pension Community Miscellaneous Opioid Assistance Community Services Grants Obligation Facilities Grants Settlement Prevention Benefits and Donations Bonds District $ - $ - $ - $ - $ - $ - $ 537,331
- - - - - - -
- 21,796 216,387 - - - -
- - - - - - -
- 2,686 - - - 87,118 28,833
- - - - - - -
- 24,482 216,387 - - 87,118 566,164
- 55 6,001 - - 2,694 18,057
383 - - - - - -
- - - - - - -
- 21,741 96,141 - 32,791 - -
- - - - - - -
- - - - - - -
8,441 - - - - - -
- - - - - 2,470,000 405,000
- - - - - 235,024 117,826
8,824 21,796 102,142 - 32,791 2,707,718 540,883
(8,824) 2,686 114,245 - (32,791) (2,620,600) 25,281
- - - - - 2,705,027 -
- - (2,295) - - - -
- - (2,295) - - 2,705,027 -
(8,824) 2,686 111,950 - (32,791) 84,427 25,281
46,065 - 122,203 (21,996) - 5,312,330 1,395,902
$ 37,241 $ 2,686 $ 234,153 $ (21,996) $ (32,791) $ 5,396,757 $ 1,421,183 Special Revenue Funds Debt Service Funds
117
173 of 471
City of Union City
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Non-Major Governmental Funds, Continued
For the year ended June 30, 2024
Total
Capital Bridge Non-Major
Facilities Benefit Park Measure Governmental
Improvements District Facilities WW Funds
REVENUES:
Taxes and special assessments $ - $ - $ - $ - $ 11,370,563 Fines and forfeitures - - - - (4,186)
Intergovernmental - - - - 4,836,397
Charges for services 129,309 - - - 1,067,713
Investment income (4,274) 7,054 74,124 - 2,446,638
Other 1,574 - - - 709,318
Total revenues 126,609 7,054 74,124 - 20,426,443
EXPENDITURES:
Current:
General government - - - - 1,080,108
Public safety - - - - 1,571,616
Housing and community development - - - - 721,052
Community and recreation services - - - - 821,551
Economic and community development - - - - 355,802
Public works 65,906 - - - 9,825,059
Capital outlay 2,660 - - - 809,857
Debt service:
Principal repayment 319,399 - - - 3,489,112
Interest and fiscal charges 40,249 - - - 449,597
Total expenditures 428,214 - - - 19,123,754
REVENUE OVER
(UNDER) EXPENDITURES (301,605) 7,054 74,124 - 1,302,689
OTHER FINANCING
SOURCES (USES):
Transfers in 1,252,640 - - - 4,774,780
Transfers out - - - - (627,055)
Total other financing sources (uses) 1,252,640 - - - 4,147,725 Net change in fund balances 951,035 7,054 74,124 - 5,450,414 FUND BALANCES:
Beginning of year (776,962) 248,893 2,615,143 8,518 55,634,764 End of year $ 174,073 $ 255,947 $ 2,689,267 $ 8,518 $ 61,085,178 Capital Project Funds
118
174 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Measure B Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental - - 49,225 49,225
Investment income - - 35,697 35,697
- -
Total revenues - - 84,922 84,922
EXPENDITURES:
Current:
Public works 904,001 1,332,665 375,690 956,975
Capital outlay - 4,625 - 4,625
Total expenditures 904,001 1,337,290 375,690 961,600
Net change in fund balance $ (904,001) $ (1,337,290) (290,768) $ 1,046,522 FUND BALANCES:
Beginning of year 1,327,629
End of year $ 1,036,861
Budgeted Amounts
City of Union City
119
175 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Special Parks Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 1,053,011 $ 1,053,011 $ 3,183 $ (1,049,828) Intergovernmental - - 157,620 157,620
Investment income 19,125 19,125 25,897 6,772
Total revenues 1,072,136 1,072,136 186,700 (885,436)
EXPENDITURES:
Current:
Public works 1,635,000 1,933,656 180,094 1,753,562
Total expenditures 1,635,000 1,933,656 180,094 1,753,562 Net change in fund balance $ (562,864) $ (861,520) 6,606 $ 868,126 FUND BALANCES:
Beginning of year 916,848
End of year $ 923,454
City of Union City
Budgeted Amounts
120
176 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual State Gas Tax Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 1,970,399 $ 1,970,399 $ 1,885,382 $ (85,017) Charges for services - - (10,125) (10,125)
Investment income 46,122 46,122 95,372 49,250
- -
Total revenues 2,016,521 2,016,521 1,970,629 (45,892)
EXPENDITURES:
Current:
General government - - 34 (34)
Community and recreation services 10,000 9,500 1,570 7,930 Public works 2,635,569 3,159,000 1,986,184 1,172,816
Total expenditures 2,645,569 3,168,500 1,987,788 1,180,712 REVENUE OVER (UNDER) EXPENDITURES (629,048) (1,151,979) (17,159) 1,134,820
OTHER FINANCING
SOURCES (USES):
Transfers out (81,913) (81,913) (81,913) -
Total other financing sources (uses) (81,913) (81,913) (81,913) - Net change in fund balance $ (710,961) $ (1,233,892) (99,072) $ 1,134,820 FUND BALANCES:
Beginning of year 3,215,168
End of year $ 3,116,096
City of Union City
Budgeted Amounts
121
177 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Street Lights and Landscaping Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 2,698,000 $ 2,698,000 $ 2,691,511 $ (6,489) Charges for services 3,000 3,000 - (3,000)
Investment income 43,405 43,405 13,645 (29,760)
Other - - 3,779 3,779
Total revenues 2,744,405 2,744,405 2,708,935 (35,470)
EXPENDITURES:
Current:
General government 57,500 57,500 80,666 (23,166)
Public works 3,773,431 3,801,063 3,409,130 391,933
Debt service:
Principal retirement 294,712 294,712 294,713 (1)
Interest and fiscal charges 56,497 56,497 56,498 (1)
Total expenditures 4,182,140 4,209,772 3,841,007 368,765 REVENUE OVER (UNDER) EXPENDITURES (1,437,735) (1,465,367) (1,132,072) 333,295
OTHER FINANCING
SOURCES (USES):
Transfers in 750,000 750,000 750,000 -
Transfers out (104,555) (104,555) (104,555) -
Total other financing sources (uses) 645,445 645,445 645,445 - Net change in fund balance $ (792,290) $ (819,922) (486,627) $ 333,295 FUND BALANCES:
Beginning of year 1,303,485
End of year $ 816,858
City of Union City
Budgeted Amounts
122
178 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Housing and Community Development Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 877,342 $ 877,342 $ 815,211 $ (62,131) Other 60 60 (52,365) (52,425)
Total revenues 877,402 877,402 762,846 (114,556)
EXPENDITURES:
Current:
Housing and community development 712,504 491,964 453,986 37,978 Public works - 425,953 20,407 405,546
Total expenditures 712,504 917,917 474,393 443,524
REVENUE OVER (UNDER) EXPENDITURES 164,898 (40,515) 288,453 328,968
OTHER FINANCING
SOURCES (USES):
Transfers out (4,897) (4,897) (4,897) -
Total other financing sources (uses) (4,897) (4,897) (4,897) - Net change in fund balance $ 160,001 $ (45,412) 283,556 $ 328,968 FUND BALANCES:
Beginning of year (106,419)
End of year $ 177,137
City of Union City
Budgeted Amounts
123
179 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual HOME Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 148,123 $ 148,123 $ 88,486 $ (59,637) Investment income - - 27,248 27,248
Other 15,452 15,452 - (15,452)
Total revenues 163,575 163,575 115,734 (47,841)
EXPENDITURES:
Current:
Economic and community development 147,665 156,694 7,742 148,952 Total expenditures 147,665 156,694 7,742 148,952
REVENUE OVER (UNDER) EXPENDITURES 15,910 6,881 107,992 101,111
OTHER FINANCING
SOURCES (USES):
Transfers out (459) (459) (459) -
Total other financing sources (uses) (459) (459) (459) - Net change in fund balance $ 15,451 $ 6,422 107,533 $ 101,111 FUND BALANCES:
Beginning of year 1,933,847
End of year $ 2,041,380
City of Union City
Budgeted Amounts
124
180 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual DIPSA Development Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Investment income 3,044 3,044 8,432 5,388
Total revenues 3,044 3,044 8,432 5,388
EXPENDITURES:
Current:
Public safety - - 46,404 (46,404)
Economic and community development 30,000 52,130 - 52,130 Public works 62,000 193,326 38,920 154,406
Total expenditures 92,000 245,456 85,324 160,132
Net change in fund balance $ (88,956) $ (242,412) (76,892) $ 165,520 FUND BALANCES:
Beginning of year 299,575
End of year $ 222,683
City of Union City
Budgeted Amounts
125
181 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual CFD Maintenance Districts Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 1,127,587 $ 1,127,587 $ 1,155,909 $ 28,322 Total revenues 1,127,587 1,127,587 1,155,909 28,322
EXPENDITURES:
Current:
General government 14,800 14,800 34,355 (19,555)
Public safety 266,658 266,658 268,534 (1,876)
Public works 1,048,894 1,057,618 653,886 403,732
Total expenditures 1,330,352 1,339,076 956,775 382,301
REVENUE OVER (UNDER) EXPENDITURES (202,765) (211,489) 199,134 410,623
OTHER FINANCING
SOURCES (USES):
Transfers out (22,143) (22,143) (22,143) -
Total other financing sources (uses) (22,143) (22,143) (22,143) - Net change in fund balance $ (224,908) $ (233,632) 176,991 $ 410,623 FUND BALANCES:
Beginning of year 1,254,888
End of year $ 1,431,879
City of Union City
Budgeted Amounts
126
182 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual EMS Enhancement Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 353,951 $ 353,951 $ 347,531 $ (6,420) Investment income 750 750 6,197 5,447
Total revenues 354,701 354,701 353,728 (973)
EXPENDITURES:
Current:
General government 10,000 10,000 13,422 (3,422)
Public safety 298,896 298,896 299,458 (562)
Total expenditures 308,896 308,896 312,880 (3,984)
Net change in fund balance $ 45,805 $ 45,805 40,848 $ (4,957) FUND BALANCES:
Beginning of year 211,611
End of year $ 252,459
City of Union City
Budgeted Amounts
127
183 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Traffic Signalization Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 84,669 $ 84,669 $ 19,957 $ (64,712) Investment income 1,364 1,364 2,762 1,398
Total revenues 86,033 86,033 22,719 (63,314)
EXPENDITURES:
Current:
Public works 150,000 177,048 82,938 94,110
Total expenditures 150,000 177,048 82,938 94,110
Net change in fund balance $ (63,967) $ (91,015) (60,219) $ 30,796 FUND BALANCES:
Beginning of year 92,208
End of year $ 31,989
City of Union City
Budgeted Amounts
128
184 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Supplemental Law Enforcement Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 200,000 $ 200,000 $ 251,003 $ 51,003 Investment income 4,000 4,000 14,078 10,078
Total revenues 204,000 204,000 265,081 61,081
EXPENDITURES:
Current:
Public safety - - 108,997 (108,997)
Capital outlay - 202,218 14,980 187,238
Total expenditures - 202,218 123,977 78,241
Net change in fund balance $ 204,000 $ 1,782 141,104 $ 139,322 FUND BALANCES:
Beginning of year 467,407
End of year $ 608,511
City of Union City
Budgeted Amounts
129
185 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Clean Water Program Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 1,278,206 $ 1,278,206 $ 1,279,241 $ 1,035 Charges for services 3,000 3,000 - (3,000)
Total revenues 1,281,206 1,281,206 1,279,241 (1,965)
EXPENDITURES:
Current:
General government 4,500 4,500 - 4,500
Economic and community development 161,841 161,841 123,492 38,349 Public works 585,115 631,302 444,475 186,827
Total expenditures 751,456 797,643 567,967 229,676
REVENUE OVER (UNDER) EXPENDITURES 529,750 483,563 711,274 227,711
OTHER FINANCING
SOURCES (USES):
Transfers out (8,593) (8,593) (8,593) -
Total other financing sources (uses) (8,593) (8,593) (8,593) - Net change in fund balance $ 521,157 $ 474,970 702,681 $ 227,711 FUND BALANCES:
Beginning of year (2,128,083)
End of year $ (1,425,402)
City of Union City
Budgeted Amounts
130
186 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Recycling and Waste Management Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 351,026 $ 351,026 $ 334,311 $ (16,715) Total revenues 351,026 351,026 334,311 (16,715)
EXPENDITURES:
Current:
General government 6,800 6,800 61,813 (55,013)
Total expenditures 6,800 6,800 61,813 (55,013)
REVENUE OVER (UNDER) EXPENDITURES 344,226 344,226 272,498 (71,728)
OTHER FINANCING
SOURCES (USES):
Transfers out (300,000) (300,000) (300,000) -
Total other financing sources (uses) (300,000) (300,000) (300,000) - Net change in fund balance $ 44,226 $ 44,226 (27,502) $ (71,728) FUND BALANCES:
Beginning of year 462,508
End of year $ 435,006
City of Union City
Budgeted Amounts
131
187 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Used Oil Block Grant Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ 9,541 $ 6,232 $ (3,309)
Total revenues - 9,541 6,232 (3,309)
EXPENDITURES:
Current:
Public works - 20,173 6,725 13,448
Total expenditures - 20,173 6,725 13,448
Net change in fund balance $ - $ (10,632) (493) $ 10,139 FUND BALANCES:
Beginning of year 1,663
End of year $ 1,170
City of Union City
Budgeted Amounts
132
188 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Housing In-Lieu Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 1,799,778 $ 1,799,778 $ - $ (1,799,778) Charges for services 6,614 6,614 12,000 5,386
Total revenues 1,806,392 1,806,392 12,000 (1,794,392)
EXPENDITURES:
Current:
Housing and community development 254,319 254,319 202,598 51,721 Total expenditures 254,319 254,319 202,598 51,721
REVENUE OVER (UNDER) EXPENDITURES 1,552,073 1,552,073 (190,598) (1,742,671)
OTHER FINANCING
SOURCES (USES):
Transfers out (11,655) (11,655) (11,655) -
Total other financing sources (uses) (11,655) (11,655) (11,655) - Net change in fund balance $ 1,540,418 $ 1,540,418 (202,253) $ (1,742,671) FUND BALANCES:
Beginning of year 2,216,563
End of year $ 2,014,310
City of Union City
Budgeted Amounts
133
189 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Public Safety Parcel Tax Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
OTHER FINANCING
SOURCES (USES):
Transfers in $ - $ - $ 139 $ 139
Total other financing sources (uses) - - 139 139
Net change in fund balance $ - $ - 139 $ 139
FUND BALANCES:
Beginning of year (139)
End of year $ -
City of Union City
Budgeted Amounts
134
190 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Union Landing PBID Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 1,045,734 $ 1,045,734 $ 1,098,603 $ 52,869 Investment income 500 500 1,227 727
Total revenues 1,046,234 1,046,234 1,099,830 53,596
EXPENDITURES:
Current:
General government 4,900 4,900 416 4,484
Public safety 742,521 742,521 754,982 (12,461)
Economic and community development 268,500 272,141 201,693 70,448 Debt service:
Principal retirement - 47,858 - 47,858
Total expenditures 1,015,921 1,067,420 957,091 110,329
REVENUE OVER (UNDER) EXPENDITURES 30,313 (21,186) 142,739 163,925
OTHER FINANCING
SOURCES (USES):
Transfers in 36,149 36,149 66,974 30,825
Transfers out (35,032) (35,032) (35,032) -
Total other financing sources (uses) 1,117 1,117 31,942 30,825 Net change in fund balance $ 31,430 $ (20,069) 174,681 $ 194,750 FUND BALANCES:
Beginning of year 115,842
End of year $ 290,523
City of Union City
Budgeted Amounts
135
191 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Alameda County Waste Import Mitigation Special Revenue Fund For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ - $ - $ -
Total revenues - - - -
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balance $ - $ - - $ -
FUND BALANCES:
Beginning of year 36,695
End of year $ 36,695
City of Union City
Budgeted Amounts
136
192 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Solid Waste Management Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 93,750 $ 93,750 $ 93,750 $ - Charges for services 90,000 90,000 101,327 11,327
Other - - 631,474 631,474
Total revenues 183,750 183,750 826,551 642,801
EXPENDITURES:
Current:
General government 653,598 664,120 592,730 71,390
Capital outlay 3,000 3,000 - 3,000
Total expenditures 656,598 667,120 592,730 74,390
REVENUE OVER (UNDER) EXPENDITURES (472,848) (483,370) 233,821 717,191
OTHER FINANCING
SOURCES (USES):
Transfers out (15,081) (15,081) (15,081) -
Total other financing sources (uses) (15,081) (15,081) (15,081) - Net change in fund balance $ (487,929) $ (498,451) 218,740 $ 717,191 FUND BALANCES:
Beginning of year 367,737
End of year $ 586,477
City of Union City
Budgeted Amounts
137
193 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Asset Forfeiture State Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Fines and forfeitures $ 300,000 $ 300,000 $ (4,186) $ (304,186) Investment income 9,000 9,000 2,345 (6,655)
Other - - - -
- -
Total revenues 309,000 309,000 (1,841) (310,841)
EXPENDITURES:
Capital outlay $ 300,000 $ 300,000 $ - $ 300,000
Total expenditures 300,000 300,000 - 300,000
Net change in fund balance $ 9,000 $ 9,000 (1,841) $ (10,841) FUND BALANCES:
Beginning of year 82,767
End of year $ 80,926
City of Union City
Budgeted Amounts
138
194 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Measure F Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 308,078 $ 308,078 $ 301,480 $ (6,598) Investment income 23,355 23,355 44,694 21,339
Total revenues 331,433 331,433 346,174 14,741
EXPENDITURES:
Current:
Public works 1,165,000 1,626,979 254,315 1,372,664
Capital outlay - - 60 (60)
Total expenditures 1,165,000 1,626,979 254,375 1,372,604 Net change in fund balance $ (833,567) $ (1,295,546) 91,799 $ 1,387,345 FUND BALANCES:
Beginning of year 1,561,588
End of year $ 1,653,387
City of Union City
Budgeted Amounts
139
195 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual CUPA Enforcement Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other $ 5,000 $ 5,000 $ 10,000 $ 5,000
Total revenues 5,000 5,000 10,000 5,000
Net change in fund balance $ 5,000 $ 5,000 10,000 $ 5,000 FUND BALANCES:
Beginning of year 81,628
End of year $ 91,628
City of Union City
Budgeted Amounts
140
196 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Youth Violence Prevention and Intervention Special Revenue Fund For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 557,000 $ 557,000 $ 571,558 $ 14,558 Total revenues 557,000 557,000 571,558 14,558
EXPENDITURES:
Current:
Community and recreation services 510,550 510,550 434,870 75,680 Total expenditures 510,550 510,550 434,870 75,680
REVENUE OVER (UNDER) EXPENDITURES 46,450 46,450 136,688 90,238
OTHER FINANCING
SOURCES (USES):
Transfers out (20,006) (20,006) (20,006) -
Total other financing sources (uses) (20,006) (20,006) (20,006) - Net change in fund balance $ 26,444 $ 26,444 116,682 $ 90,238 FUND BALANCES:
Beginning of year 1,219,847
End of year $ 1,336,529
City of Union City
Budgeted Amounts
141
197 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Measure D Waste Reduction/Recycling Special Revenue Fund For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 200,000 $ 200,000 $ 200,574 $ 574
Investment income - - 5,488 5,488
Total revenues 200,000 200,000 206,062 6,062
EXPENDITURES:
Current:
General government 284,707 284,707 155,184 129,523
Total expenditures 284,707 284,707 155,184 129,523
REVENUE OVER (UNDER) EXPENDITURES (84,707) (84,707) 50,878 135,585
OTHER FINANCING
SOURCES (USES):
Transfers out (8,968) (8,968) (8,968) -
Total other financing sources (uses) (8,968) (8,968) (8,968) - Net change in fund balance $ (93,675) $ (93,675) 41,910 $ 135,585 FUND BALANCES:
Beginning of year 171,460
End of year $ 213,370
City of Union City
Budgeted Amounts
142
198 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Affordable Housing Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other $ 18,000 $ 18,000 $ 22,500 $ 4,500
Total revenues 18,000 18,000 22,500 4,500
Net change in fund balance $ 18,000 $ 18,000 22,500 $ 4,500 FUND BALANCES:
Beginning of year 1,283,282
End of year $ 1,305,782
City of Union City
Budgeted Amounts
143
199 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Public Art Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ - $ - $ 56,929 $ 56,929 Investment income 16,855 16,855 29,078 12,223
Total revenues 16,855 16,855 86,007 69,152
EXPENDITURES:
Current:
Community and recreation services - - 6,006 (6,006)
Economic and community development 302,148 255,352 22,875 232,477 Total expenditures 302,148 255,352 28,881 226,471
Net change in fund balance $ (285,293) $ (238,497) 57,126 $ 295,623 FUND BALANCES:
Beginning of year 1,005,079
End of year $ 1,062,205
City of Union City
Budgeted Amounts
144
200 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Measure BB Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 2,189,221 $ 2,189,221 $ 2,121,193 $ (68,028) Investment income 75,653 75,653 172,087 96,434
Total revenues 2,264,874 2,264,874 2,293,280 28,406
EXPENDITURES:
Current:
General government - - 193 (193)
Economic and community development 550,000 550,000 - 550,000 Public works 5,365,018 7,156,082 947,200 6,208,882
Total expenditures 5,915,018 7,706,082 947,393 6,758,689 Net change in fund balance $ (3,650,144) $ (5,441,208) 1,345,887 $ 6,787,095 FUND BALANCES:
Beginning of year 5,784,776
End of year $ 7,130,663
City of Union City
Budgeted Amounts
145
201 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Cable TV PEG Special Revenue Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other 85,000 85,000 89,885 4,885
Total revenues 85,000 85,000 89,885 4,885
EXPENDITURES:
Current:
General government 91,000 - - -
Total expenditures 91,000 - - -
Net change in fund balance $ (6,000) $ 85,000 89,885 $ 4,885 FUND BALANCES:
Beginning of year 339,126
End of year $ 429,011
City of Union City
Budgeted Amounts
146
202 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Rent Mediation/Eviction Protection Special Revenue Fund For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 54,700 $ 54,700 $ 76,792 $ 22,092 Total revenues 54,700 54,700 76,792 22,092
EXPENDITURES:
Current:
Housing and community development 50,000 97,505 64,468 33,037 Total expenditures 50,000 97,505 64,468 33,037
Net change in fund balance $ 4,700 $ (42,805) 12,324 $ 55,129 FUND BALANCES:
Beginning of year 486,847
End of year $ 499,171
City of Union City
Budgeted Amounts
147
203 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Traffic Congestion Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Investment income $ - $ - $ 7,667 $ 7,667
Total revenues - - 7,667 7,667
Net change in fund balance $ - $ - 7,667 $ 7,667
FUND BALANCES:
Beginning of year 270,513
End of year $ 278,180
City of Union City
Budgeted Amounts
148
204 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual SB 1 Maintenance & Rehab Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 1,731,331 $ 1,731,331 $ 1,807,378 $ 76,047 Investment income 18,758 18,758 181,606 162,848
Total revenues 1,750,089 1,750,089 1,988,984 238,895
EXPENDITURES:
Current:
Public works 2,275,000 7,711,221 1,346,073 6,365,148
Capital outlay 315,600 315,600 763,227 (447,627)
Total expenditures 2,590,600 8,026,821 2,109,300 5,917,521 Net change in fund balance $ (840,511) $ (6,276,732) (120,316) $ 6,156,416 FUND BALANCES:
Beginning of year 6,532,094
End of year $ 6,411,778
City of Union City
Budgeted Amounts
149
205 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Affordable Housing Impact Fee Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 150,000 $ 150,000 $ 404,142 $ 254,142 Total revenues 150,000 150,000 404,142 254,142
Net change in fund balance $ 150,000 $ 150,000 404,142 $ 254,142 FUND BALANCES:
Beginning of year 299,496
End of year $ 703,638
City of Union City
Budgeted Amounts
150
206 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Pension Stabilization Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Investment income $ 1,020,000 $ 1,020,000 $ 1,577,299 $ 557,299 Total revenues 1,020,000 1,020,000 1,577,299 557,299
EXPENDITURES:
Current:
General government 64,000 64,000 62,058 1,942
Total expenditures 64,000 64,000 62,058 1,942
Net change in fund balance $ 956,000 $ 956,000 1,515,241 $ 559,241 FUND BALANCES:
Beginning of year 15,520,061
End of year $ 17,035,302
City of Union City
Budgeted Amounts
151
207 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual SB 1383 Recycle Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 105,000 $ 105,000 $ 100,000 $ (5,000) Intergovernmental - 180,941 - (180,941)
Total revenues 105,000 285,941 100,000 (185,941)
EXPENDITURES:
Current:
General government 258,444 330,385 52,431 277,954
Capital outlay 96,000 205,000 489 204,511
Total expenditures 354,444 535,385 52,920 482,465
Net change in fund balance $ (249,444) $ (249,444) 47,080 $ 296,524 FUND BALANCES:
Beginning of year 258,696
End of year $ 305,776
City of Union City
Budgeted Amounts
152
208 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Beverage Container Recycling Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ 17,034 $ (1,575) $ (18,609)
Investment income - - 279 279
Total revenues - 17,034 (1,296) (18,330)
EXPENDITURES:
Current:
Public works - 30,189 13,116 17,073
Total expenditures - 30,189 13,116 17,073
Net change in fund balance $ - $ (13,155) (14,412) $ (1,257) FUND BALANCES:
Beginning of year 8,961
End of year $ (5,451)
City of Union City
Budgeted Amounts
153
209 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Office of Traffic Safety Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 80,000 $ 120,000 $ 97,087 $ (22,913) Other - - 2,471 2,471
Total revenues 80,000 120,000 99,558 (20,442)
EXPENDITURES:
Current:
Public safety 77,375 95,000 92,858 2,142
Capital outlay 2,625 25,000 20,000 5,000
Total expenditures 80,000 120,000 112,858 7,142
Net change in fund balance $ - $ - (13,300) $ (13,300)
FUND BALANCES:
Beginning of year 22,935
End of year $ 9,635
City of Union City
Budgeted Amounts
154
210 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Homeless Provider Incubator Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 546,959 $ 546,959 $ 253,935 $ (293,024) Total revenues 546,959 546,959 253,935 (293,024)
EXPENDITURES:
Current:
Community and recreation services 266,188 266,188 228,432 37,756 Total expenditures 266,188 266,188 228,432 37,756
REVENUE OVER (UNDER) EXPENDITURES 280,771 280,771 25,503 (255,268)
OTHER FINANCING
SOURCES (USES):
Transfers out (11,458) (11,458) (11,458) -
Total other financing sources (uses) (11,458) (11,458) (11,458) - Net change in fund balance $ 269,313 $ 269,313 14,045 $ (255,268) FUND BALANCES:
Beginning of year (233,521)
End of year $ (219,476)
City of Union City
Budgeted Amounts
155
211 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Police Miscellaneous Grants Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ 20,923 $ - $ (20,923)
Total revenues - 20,923 - (20,923)
EXPENDITURES:
Current:
Public safety - 30,157 383 29,774
Capital outlay - 36,831 8,441 28,390
Total expenditures - 66,988 8,824 58,164
Net change in fund balance $ - $ (46,065) (8,824) $ 37,241 FUND BALANCES:
Beginning of year 46,065
End of year $ 37,241
City of Union City
Budgeted Amounts
156
212 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual National Opioid Settlement Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 20,000 $ 20,000 $ 21,796 $ 1,796
Investment income - - 2,686 2,686
Total revenues 20,000 20,000 24,482 4,482
EXPENDITURES:
Current:
Community and recreation services 19,561 19,561 21,741 (2,180) Total expenditures 19,561 19,561 21,796 (2,235)
Net change in fund balance $ 439 $ 439 2,686 $ 2,247
FUND BALANCES:
Beginning of year -
End of year $ 2,686
City of Union City
Budgeted Amounts
157
213 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Homeless Housing Assistance Prevention Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ 395,000 $ 626,469 $ 216,387 $ (410,082) Total revenues 395,000 626,469 216,387 (410,082)
EXPENDITURES:
Current:
General government - - 6,001 (6,001)
Community and recreation services 40,575 393,645 96,141 297,504 Total expenditures 40,575 393,645 102,142 291,503
REVENUE OVER (UNDER) EXPENDITURES 354,425 232,824 114,245 (118,579)
OTHER FINANCING
SOURCES (USES):
Transfers out (2,295) (2,295) (2,295) -
Total other financing sources (uses) (2,295) (2,295) (2,295) - Net change in fund balance $ 352,130 $ 230,529 111,950 $ (118,579) FUND BALANCES:
Beginning of year 122,203
End of year $ 234,153
City of Union City
Budgeted Amounts
158
214 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Cannabis Community Benefits Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ - $ - $ -
Total revenues - - - -
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balance $ - $ - - $ -
FUND BALANCES:
Beginning of year (21,996)
End of year $ (21,996)
City of Union City
Budgeted Amounts
159
215 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Community and Recreation Services Grants and Donations
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental $ - $ - $ - $ -
Total revenues - - - -
EXPENDITURES:
Current:
Community and recreation services - - 32,791 (32,791)
Total expenditures - - 32,791 (32,791)
Net change in fund balance $ - $ - (32,791) $ (32,791)
FUND BALANCES:
Beginning of year -
End of year $ (32,791)
City of Union City
Budgeted Amounts
160
216 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Pension Obligation Bonds Debt Service Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Investment income $ 6,000 $ 6,000 $ 87,118 $ 81,118
Total revenues 6,000 6,000 87,118 81,118
EXPENDITURES:
Current:
General government 2,500 2,500 2,694 (194)
Debt service:
Principal retirement 2,470,000 2,470,000 2,470,000 -
Interest and fiscal charges 235,024 235,024 235,024 -
Total expenditures 2,707,524 2,707,524 2,707,718 (194)
REVENUE OVER (UNDER) EXPENDITURES (2,701,524) (2,701,524) (2,620,600) 80,924
OTHER FINANCING
SOURCES (USES):
Transfers in 2,705,024 2,705,024 2,705,027 3
Total other financing sources (uses) 2,705,024 2,705,024 2,705,027 3 Net change in fund balance $ 3,500 $ 3,500 84,427 $ 80,927 FUND BALANCES:
Beginning of year 5,312,330
End of year $ 5,396,757
City of Union City
Budgeted Amounts
161
217 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Community Facilities District Debt Service Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 550,000 $ 550,000 $ 537,331 $ (12,669) Investment income 250 250 28,833 28,583
Total revenues 550,250 550,250 566,164 15,914
EXPENDITURES:
Current:
General government 12,500 12,500 18,057 (5,557)
Debt service:
Principal retirement 405,000 405,000 405,000 -
Interest and fiscal charges 117,826 117,826 117,826 -
Total expenditures 535,326 535,326 540,883 (5,557)
Net change in fund balance $ 14,924 $ 14,924 25,281 $ 10,357 FUND BALANCES:
Beginning of year 1,395,902
End of year $ 1,421,183
City of Union City
Budgeted Amounts
162
218 of 471
INTERNAL SERVICE FUNDS
Internal Service Funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.
Workers' Compensation Self-Insurance Fund
This fund accounts for disbursement to an independent claims administrator for employees who qualify to receive benefits under the law. The City has obtained insurance to cover claims exceeding $150,000.
General Liability Self-Insurance Fund
This fund accounts for the processing of general liability premiums and claims by the Bay Cities Joint Power Insurance Association. The City has insurance to cover claims exceeding $25,000.
City Garage Operations Fund
This fund accounts for the rental of equipment to all City departments and for the accumulation of funds and disbursements for equipment acquisitions. User charges include an amount necessary for the maintenance and repair of equipment.
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Combining Statement of Net Position
Internal Service Funds
June 30, 2024
Workers' General City
Compensation Liability Garage
Self-Insurance Self-Insurance Operations Total
ASSETS
Current assets:
Cash and investments $ 11,138,006 $ 2,241,638 $ 1,659,302 $ 15,038,946 Restricted cash and investments
with fiscal agents 802,437 55,000 - 857,437
Accounts receivable - 5,287 - 5,287
Due from other funds 57,157 - - 57,157
Total current assets 11,997,600 2,301,925 1,659,302 15,958,827 Noncurrent assets:
Capital assets:
Depreciable, net - - 2,122,420 2,122,420
Total capital assets - - 2,122,420 2,122,420
Total noncurrent assets - - 2,122,420 2,122,420
TOTAL ASSETS 11,997,600 2,301,925 3,781,722 18,081,247
LIABILITIES
Current liabilities:
Accounts payable 75,895 47,813 122,936 246,644
Due to other funds - 770 9,586 10,356
Compensated absences due in one year - - 7,319 7,319
General liability claims due in one year - 225,923 - 225,923 Workers' compensation claims due in one year 1,002,628 - - 1,002,628 Total current liabilities 1,078,523 274,506 139,841 1,492,870 Noncurrent liabilities:
Compensated absences due in more than one year - - 6,367 6,367 General liability claims due in more than one year - 1,178,201 - 1,178,201 Workers' compensation claim due
in more than one year 4,737,372 - - 4,737,372
Total noncurrent liabilities 4,737,372 1,178,201 6,367 5,921,940 TOTAL LIABILITIES 5,815,895 1,452,707 146,208 7,414,810
NET POSITION
Investment in capital assets - - 2,122,420 2,122,420
Unrestricted 6,181,705 849,218 1,513,094 8,544,017
Total net position $ 6,181,705 $ 849,218 $ 3,635,514 $ 10,666,437 City of Union City
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Combining Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds
For the year ended June 30, 2024
Workers' General City
Compensation Liability Garage
Self-Insurance Self-Insurance Operations Total
OPERATING REVENUES:
Charges for sales and services $ 2,829,738 $ 2,821,000 $ 1,400,875 $ 7,051,613 Total operating revenues 2,829,738 2,821,000 1,400,875 7,051,613 OPERATING EXPENSES:
Garage operations - - 1,129,684 1,129,684
Workers' compensation claims and premiums 1,170,577 - - 1,170,577 Insurance - 2,770,395 - 2,770,395
Administration 155,434 48,049 - 203,483
Depreciation - - 407,403 407,403
Total operating expenses 1,326,011 2,818,444 1,537,087 5,681,542 OPERATING INCOME (LOSS) 1,503,727 2,556 (136,212) 1,370,071 NONOPERATING REVENUES (EXPENSES):
Other revenues 90,098 - - 90,098
Total nonoperating revenue (expenses) 90,098 - - 90,098
INCOME (LOSS) BEFORE CONTRIBUTIONS
AND TRANSFERS 1,593,825 2,556 (136,212) 1,460,169
Transfer out (510,203) (2,442) (135,514) (648,159)
Change in net position 1,083,622 114 (271,726) 812,010
Net position:
Beginning of year 5,098,083 849,104 3,907,240 9,854,427 End of year $ 6,181,705 $ 849,218 $ 3,635,514 $ 10,666,437 City of Union City
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Combining Statement of Cash Flows
Internal Service Funds
For the year ended June 30, 2024
Workers' General City
Compensation Liability Garage
Self-Insurance Self-Insurance Operations Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from other funds $ 2,772,581 $ 2,821,770 $ 1,410,461 $ 7,004,812 Cash payments to suppliers (1,229,126) (2,506,805) (1,103,593) (4,839,524) Payments for employee services (155,434) (48,049) 13,686 (189,797) Net cash provided by operating activities 1,388,021 266,916 320,554 1,975,491
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:
Cash receipts from other revenues 90,098 - - 90,098
Transfers out (510,203) (2,442) (135,514) (648,159)
Net cash provided by (used in) by
noncapital financing activities (420,105) (2,442) (135,514) (558,061)
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:
Cash paid for the acquisition/construction of capital assets - - (635,324) (635,324) Net cash provided (used in) capital and
related financing activities - - (635,324) (635,324)
Net increase (decrease) in cash
and cash equivalents 967,916 264,474 (450,284) 782,106
CASH AND CASH EQUIVALENTS:
Beginning of year 10,972,527 2,032,164 2,109,586 15,114,277 End of year $ 11,940,443 $ 2,296,638 $ 1,659,302 $ 15,896,383 CASH FLOWS FROM OPERATING ACTIVITIES:
Operating income (loss) $ 1,503,727 $ 2,556 $ (136,212) $ 1,370,071 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:
Depreciation - - 407,403 407,403
Accounts receivable - - - -
Due from other funds (57,157) 770 9,586 (46,801)
Accounts payable and accrued liabilities 16,451 47,033 26,091 89,575 Accrued compensated absence - - 13,686 13,686
Accrued general liability claims - 216,557 - 216,557
Accrued worker's compensation claims (75,000) - - (75,000) Net cash provided (used) by operating activities $ 1,388,021 $ 266,916 $ 320,554 $ 1,975,491 City of Union City
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General Fund
The General Fund is used to account for all financial resources except those required to be accounted for in another fund.
Included in the General Fund , for reporting purposes, are funds that had been reported as special revenue funds prior to the implementation of GASB 54. The primary revenue source of these funds are neither restricted nor committed.
Payroll Fund
This fund accounts for payroll related expenditures of the City.
Trust/Agency Fund
This fund accounts for miscellanous collections/payments.
Post-Employment Medical Benefits Fund
This fund accounts for expenses related to post-employment benefits other than pension plans.
Fire Equipment Acquisition Fund
This fund accounts monies received from developers of commercial properties and certain residential structures to be used for the acquisition of fire equipment.
Leisure Revolving Fund
This fund accounts for participant-paid activities offered through Leisure Services programs.
Allied Waste Vehicle Impact Fund
This fund accounts for activities that mitigate the impact of heavy trash collection vehicles on City street.
Code Enforcement Fund
This fund accounts for activities associated with the remediation of properties in violation of the City's municipal code. Recovery of costs incurred are made by placing liens on the affected properties.
Corporation Yard and Fuel Facility Maintenance Fund
This fund accounts for funds received from outside agencies for use of the City's Corporation Yard and fueling stations. The revenues collected are to be used for the maintenance and improvement of these facilities.
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Balance Sheet
General Fund
June 30, 2024
Post- Fire
General Payroll Trust/ Employment Equipment
Fund Fund Agency Medical Acquisition
ASSETS
Cash and investments $ 36,306,099 $ 6,112 $ 7,404,021 $ 22,858 $ 130,575 Receivables:
Taxes 4,660,638 - - - -
Leases 1,758,229 - - - -
Accounts 338,826 38,494 - - -
Interest 870,852 - - - -
Intergovernmental 75,968 - - - -
Due from other funds 6,566,125 920,311 - - -
Prepaid items and condemnation deposits 122,750 4,872 - - - Property held for resale, net of
allowance for decline in value 86,184,000 - - - -
Total assets $ 136,883,487 $ 969,789 $ 7,404,021 $ 22,858 $ 130,575
LIABILITIES
Accounts payable $ 3,388,232 $ (3,272) $ 138,016 $ - $ - Accrued payroll - 973,061 710 - -
Other accrued liabilities 156,940 - 28,224 - -
Due to other funds 799,785 - - - -
Due to other agencies 25,628 - 71,068 - -
Deposit payable 9,048 - 7,166,003 - -
Unearned revenue 9,290 - - - -
Total liabilities 4,388,923 969,789 7,404,021 - -
DEFERRED INFLOW OF RESOURCES
Unavailable revenues 31,383 - - - -
Leases 1,735,423 - - - -
Total deferred inflow of resources 1,766,806 - - - -
FUND BALANCE
Nonspendable:
Prepaid item 122,750 4,872 - - -
Restricted 86,210,509 - - - -
Committed -
Assigned 18,429,233 - - 22,858 130,575
Unassigned 25,965,266 (4,872) - - -
Total fund balance 130,727,758 - - 22,858 130,575
Total liabilities, deferred inflow of
resources and fund balances $ 136,883,487 $ 969,789 $ 7,404,021 $ 22,858 $ 130,575 City of Union City
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Corporation
Allied Yard & Total
Leisure Waste Vehicle Code Fuel Facility Intra Fund General Revolving Impact Enforcement Maintenance Elimination Fund $ 388,630 $ 2,929,894 $ 17,277 $ 1,185,784 $ - $ 48,391,250 - - - - - 4,660,638
- - - - - 1,758,229
- 101,834 - 106,628 - 585,782
- - - - - 870,852
- - - - - 75,968
- - - - (849,635) 6,636,801
- - - - - 127,622
- - - - - 86,184,000
$ 388,630 $ 3,031,728 $ 17,277 $ 1,292,412 $ (849,635) $ 149,291,142 $ 66,878 $ 19,386 $ - $ 192,028 $ - $ 3,801,268
- - - - - 973,771
22,840 - - 5,093 - 213,097
22,686 22,857 - 4,307 (849,635) -
- - - - - 96,696
76,329 - - - - 7,251,380
336,101 - - - - 345,391
524,834 42,243 - 201,428 (849,635) 12,681,603
- - - - - 31,383
- - - - - 1,735,423
- - - - - 1,766,806
- - - - - 127,622
- - - - - 86,210,509
-
- 2,989,485 17,277 1,090,984 - 22,680,412
(136,204) - - - - 25,824,190
(136,204) 2,989,485 17,277 1,090,984 - 134,842,733
$ 388,630 $ 3,031,728 $ 17,277 $ 1,292,412 $ (849,635) $ 149,291,142 169
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City of Union City
Schedule of Revenues, Expenditures and Changes in Fund Balances General Fund
For the year ended June 30, 2024
PostGeneral Payroll Trust/ Employment
Fund Fund Agency Medical
REVENUES:
Taxes and special assessments $ 63,342,477 $ - $ - $ -
Licenses, permits and fees 6,623,612 - - -
Fines and forfeitures 351,480 - - -
Intergovernmental 295,120 - - -
Charges for services 3,373,891 - - -
Investment income 4,187,608 - - -
Other revenues 503,177 - - -
Total revenues 78,677,365 - - -
EXPENDITURES:
Current:
General government 14,650,523 - - 234,977
Public safety 43,914,992 - - 475,000
Community and recreation services 4,602,528 - - -
Economic and community development 4,114,142 - - -
Public works 5,322,788 - - -
Capital outlay 643,262 - - -
Debt service:
Principal repayment 1,021,287 - - -
Interest and fiscal charges 102,085 - - -
Total expenditures 74,371,607 - - 709,977
REVENUES OVER (UNDER) EXPENDITURES 4,305,758 - - (709,977) OTHER FINANCING SOURCES (USES):
Transfers in 800,000 - - 710,000
Transfers out (4,959,796) - - -
Long term debt proceeds 690,861 - - -
Total other financing sources (uses) (3,468,935) - - 710,000 Net change in fund balances 836,823 - - 23
FUND BALANCES:
Beginning of year 129,890,935 - - 22,835
End of year $ 130,727,758 $ - $ - $ 22,858
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Corporation
Fire Allied Yard & Total
Equipment Leisure Waste Vehicle Code Fuel Facility Intra-Transfer General Acquisition Revolving Impact Enforcement Maintenance Elimination Fund $ - $ - $ - $ 3,087 $ - $ - $ 63,345,564
- - - - - - 6,623,612
- - - - - - 351,480
- - - - - - 295,120
2,822 1,754,172 - - 1,308,400 - 6,439,285
- - - - - - 4,187,608
- 1,586 1,328,829 - 106,184 - 1,939,776
2,822 1,755,758 1,328,829 3,087 1,414,584 - 83,182,445
- 1,883 - 2,885 - - 14,890,268
- - - - - - 44,389,992
- 1,687,826 - - 72 - 6,290,426
- - - - - - 4,114,142
- - 2,514,299 - 1,660,221 - 9,497,308
- 24 26,240 - - - 669,526
- - - - 61,421 - 1,082,708
- - - - 19,918 - 122,003
- 1,689,733 2,540,539 2,885 1,741,632 - 81,056,373
2,822 66,025 (1,211,710) 202 (327,048) - 2,126,072
- - - - 100,000 (810,000) 800,000
- (26,779) (70,367) - (14,524) 810,000 (4,261,466)
- - - - - - 690,861
- (26,779) (70,367) - 85,476 - (2,770,605)
2,822 39,246 (1,282,077) 202 (241,572) - (644,533)
127,753 (175,450) 4,271,562 17,075 1,332,556 - 135,487,266 $ 130,575 $ (136,204) $ 2,989,485 $ 17,277 $ 1,090,984 $ - $ 134,842,733 171
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ 63,727,195 $ 63,727,195 $ 63,342,477 $ (384,718) Licenses, permits, and fees 6,693,238 6,693,238 6,623,612 (69,626) Fines and forfeitures 291,892 291,892 351,480 59,588
Intergovernmental 136,000 136,000 295,120 159,120
Charges for services 3,026,538 3,026,538 3,373,891 347,353 Investment income 1,133,729 1,133,729 4,187,608 3,053,879 Other 416,152 416,152 503,177 87,025
Total revenues 75,424,744 75,424,744 78,677,365 3,252,621 EXPENDITURES:
Current:
General government 12,087,605 12,912,351 14,650,523 (1,738,172) Public safety 44,361,012 44,529,591 43,914,992 614,599
Community and recreation services 5,591,725 5,598,704 4,602,528 996,176 Economic and community development 5,601,055 5,931,575 4,114,142 1,817,433 Public works 4,738,623 6,243,833 5,322,788 921,045
Capital outlay 491,160 607,858 643,262 (35,404)
Debt service:
Principal retirement 651,729 651,729 1,021,287 (369,558) Interest and fiscal charges 102,086 102,086 102,085 1
Total expenditures 73,624,995 76,577,727 74,371,607 2,206,120 REVENUE OVER (UNDER) EXPENDITURES 1,799,749 (1,152,983) 4,305,758 5,458,741
OTHER FINANCING
SOURCES (USES):
Transfers in 818,000 818,000 800,000 (18,000)
Transfers out (2,966,192) (2,966,192) (4,959,796) (1,993,604) Long term debt proceeds - - 690,861 690,861
Total other financing sources (uses) (2,148,192) (2,148,192) (3,468,935) (1,320,743) Net change in fund balance $ (348,443) $ (3,301,175) 836,823 $ 4,137,998 FUND BALANCES:
Beginning of year 129,890,935
End of year $ 130,727,758
City of Union City
Budgeted Amounts
172
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Post-Employment Medical Benefits Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other $ 605,000 $ 605,000 $ - $ (605,000)
Total revenues 605,000 605,000 - (605,000)
EXPENDITURES:
Current:
General government 212,000 212,000 234,977 (22,977)
Public safety 390,000 390,000 475,000 (85,000)
Total expenditures 602,000 602,000 709,977 (107,977)
REVENUE OVER (UNDER) EXPENDITURES 3,000 3,000 (709,977) (712,977)
OTHER FINANCING
SOURCES (USES):
Transfers in - 710,000 710,000 -
Total other financing sources (uses) - 710,000 710,000 - Net change in fund balance $ 3,000 $ 713,000 23 $ (712,977) FUND BALANCES:
Beginning of year 22,835
End of year $ 22,858
City of Union City
Budgeted Amounts
173
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Fire Equipment Acquisition Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 163,800 $ 163,800 $ 2,822 $ (160,978) Total revenues 163,800 163,800 2,822 (160,978)
Net change in fund balance $ 163,800 $ 163,800 2,822 $ (160,978) FUND BALANCES:
Beginning of year 127,753
End of year $ 130,575
City of Union City
Budgeted Amounts
174
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Leisure Revolving Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 3,235,000 $ 3,235,000 $ 1,754,172 $ (1,480,828) Other 1,500 1,500 1,586 86
- -
Total revenues 3,236,500 3,236,500 1,755,758 (1,480,742) EXPENDITURES:
Current:
General government $ 3,000 $ 4,000 $ 1,883 2,117
Community and recreation services $ 3,182,404 $ 3,182,360 $ 1,687,826 $ 1,494,534 Capital outlay 5,000 5,000 24 4,976
Total expenditures 3,190,404 3,191,360 1,689,733 1,501,627 REVENUE OVER (UNDER) EXPENDITURES 46,096 45,140 66,025 20,885
OTHER FINANCING
SOURCES (USES):
Transfers out (26,779) (26,779) (26,779) -
Total other financing sources (uses) (26,779) (26,779) (26,779) - Net change in fund balance $ 19,317 $ 18,361 39,246 $ 20,885 FUND BALANCES:
Beginning of year (175,450)
End of year $ (136,204)
City of Union City
Budgeted Amounts
175
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Allied Waste Vehicle Impact Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other $ 1,296,420 $ 1,296,420 $ 1,328,829 $ 32,409
- -
Total revenues 1,296,420 1,296,420 1,328,829 32,409
EXPENDITURES:
Current:
Public works 3,200,431 3,492,108 2,514,299 977,809
Capital outlay 653,600 472,627 26,240 446,387
Total expenditures 3,854,031 3,964,735 2,540,539 1,424,196 REVENUE OVER (UNDER) EXPENDITURES (2,557,611) (2,668,315) (1,211,710) 1,456,605
OTHER FINANCING
SOURCES (USES):
Transfers out (70,367) (70,367) (70,367) -
Total other financing sources (uses) (70,367) (70,367) (70,367) - Net change in fund balance $ (2,627,978) $ (2,738,682) (1,282,077) $ 1,456,605 FUND BALANCES:
Beginning of year 4,271,562
End of year $ 2,989,485
City of Union City
Budgeted Amounts
176
232 of 471
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Code Enforcement Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Taxes and special assessments $ - $ - $ 3,087 $ 3,087
- -
Total revenues - - 3,087 3,087
EXPENDITURES:
Current:
General government $ - $ - $ 2,885 (2,885)
Total expenditures - - 2,885 (2,885)
Net change in fund balance $ - $ - 202 $ 202
FUND BALANCES:
Beginning of year 17,075
End of year $ 17,277
City of Union City
Budgeted Amounts
177
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Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Corporation Yard and Fuel Facility Maintenance Fund
For the year ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Charges for services $ 2,032,623 $ 2,032,623 $ 1,308,400 $ (724,223) Other 84,159 84,159 106,184 22,025
Total revenues 2,116,782 2,116,782 1,414,584 (702,198)
EXPENDITURES:
Current:
Community and recreation services - - 72 (72)
Public works 2,173,419 2,819,958 1,660,221 1,159,737
Debt service:
Principal retirement 61,422 61,422 61,422 -
Interest and fiscal charges 19,917 19,917 19,917 -
Total expenditures 2,254,758 2,901,297 1,741,632 1,159,665 REVENUE OVER (UNDER) EXPENDITURES (137,976) (784,515) (327,048) 457,467
OTHER FINANCING
SOURCES (USES):
Transfers in 100,000 100,000 100,000 -
Transfers out (14,524) (14,524) (14,524) -
Total other financing sources (uses) 85,476 85,476 85,476 - Net change in fund balance $ (52,500) $ (699,039) (241,572) $ 457,467 FUND BALANCES:
Beginning of year 1,332,556
End of year $ 1,090,984
City of Union City
Budgeted Amounts
178
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City of Union City
Presentation to the Audit Committee
December 23, 2025
1 235 of 471
2024 Audit of the
City of Union City
2 236 of 471
Agenda
Our Firm and the Engagement Team
Deliverables and Scope of the Audit
Audit Methodology
Areas of Primary Audit Risk
Auditor’s Report and Financial Statements
Required Communications
New Accounting Standards
3 237 of 471
Our Firm and the
Engagement Team
4 238 of 471
Years of Experience
Government Audit Clients
City Audit Clients
Employees
Lawsuits, Legal or Disciplinary Actions
25 44
30 0
65 Our Firm – By the Numbers
5 239 of 471
Engagement Team
Quality Control
Reviewer
Ahmed Badawi, CPA
Engagement
Partner
Mitesh Desai, CPA
IT Specialist
Omar Rahman, CPA,
CISA
Audit Staff
Cheng Yang
Audit Staff
Zeyad Mostafa
Audit Staff
Joyce Zhou
6 240 of 471
Deliverables and
Scope of the Audit
7 241 of 471
Deliverables and Scope of the Audit
Report of Independent Auditors on City of Union City Basic Financial Statements (BFS)
Report on Internal Control Over Financial Reporting and on Compliance
Agreed-upon Procedures on Appropriation Limit Schedule (GANN) Reports of Independent Auditors on the BFS of Transportation Development Act, Measure B Funds, Measure BB Funds, Vehicle Registration Fee Fund, and Utility Users Tax
Communications With Those Charged With Governance
8 242 of 471
Audit Methodology
9 243 of 471
Gather information and
Finalize Timing.
Review Systems, Processes
and Assess Risk.
Test and Validate Significant
Account Balances.
Prepare Necessary
Reports.
Planning Interim Year-End Reporting
Audit Methodology
10 244 of 471
Areas of Primary
Audit Risk
11 245 of 471
Areas of Primary Audit Risk
• Assigned staff based on consideration of audit risk.
• Incorporated an element of unpredictability in the audit. • Considered the selection and application of significant accounting principles. • Examined journal entries prepared by management.
• Reviewed accounting estimates for bias.
• Evaluated the business rationale for unusual transactions. • Evaluated the appropriateness of fraud-related inquiries.
Risk of Management Override of Controls – The risk of management override of controls was addressed by the following procedures:
12 246 of 471
Areas of Primary Audit Risk
• Governmental Funds: Confirmed and validated property taxes, sales taxes, and other significant revenues and receivables
• Proprietary Funds: Performed substantive analytics on revenues and receivables
Revenue and Receivables (Taxes, Grants, Notes, etc.) – Improper Revenue Recognitions:
• Investment fair value estimates
• Pension estimates
• Other Post-Employment Benefits (OPEB) estimates
Estimates – Review of Significant Accounting Estimates:
13 247 of 471
Auditor’s Report
and Financial
Statements
14 248 of 471
Auditor’s Report
• Audit performed in accordance with Generally Accepted Auditing Standards
• Audit performed in accordance with Government Auditing Standards
Auditing Standards
• Financial statements are fairly presented in all material respects • Significant accounting policies have been consistently applied • Estimates are reasonable
• Disclosures are properly reflected in the financial statements Unmodified Opinions
15 249 of 471
General Fund Financial Statements
Cash &
Investments Receivables Interfund
receivables Loan Receivable Property Held for
Resale Other
2022 $38,955,059 $6,641,271 $4,125,159 $234,445 $86,184,000 $6,457 2023 $47,728,454 $8,381,185 $5,872,127 $- $86,184,000 $9,181 2024 $43,391,250 $12,951,469 $6,636,801 $- $86,184,000 $127,622 $0
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
Millions
Assets and Deferred Outflows of Resources
16 250 of 471
General Fund Financial Statements
Accounts
Payable & Accrued
Payroll
Interfund Payables Deposits Payable Other Liabilities Deferred inflows of Resources
2022 $3,868,737 $- $5,856,020 $1,432,551 $136,894
2023 $3,592,989 $- $6,387,112 $667,726 $2,039,854
2024 $4,775,039 $- $7,251,380 $655,184 $1,766,806
$0
$1
$2
$3
$4
$5
$6
$7
$8
Millions
Liabilities and Deferred Inflows of Resources
17 251 of 471
General Fund
2022 2023 2024
Unrestricted Fund Balance $38,400,778 $49,267,576 $48,632,224 Total Expenditures $68,004,170 $73,769,937 $81,056,373
As % of Total Expenditures 56% 67% 60%
Number of Months* 7 8 7
$-
$10
$20
$30
$40
$50
$60
$70
$80
$90
Millions
Expenditure Coverage
* Measure of the City's ability to operate with no revenues using available fund balance. GFOA recommendation no less than 2 months. 18 252 of 471
Pension Plans
Miscellaneous Safety Total
1% Decrease $68,098,807 $110,228,271 $178,327,078
Current Rate $44,662,485 $74,242,115 $118,904,600
1% Increase $25,470,016 $44,820,871 $70,290,887
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
Millions
Total Net Pension Liability
Sensitivity to Discount Rate
19 253 of 471
Other Postemployment Benefits Plans
Fiduciary Net Position Total OPEB Liability Net OPEB Liability as of 6/30/21 $16,187,395 $17,329,013 $1,141,618
as of 6/30/22 $14,303,195 $17,029,064 $2,725,869
as of 6/30/23 $15,210,326 $19,749,479 $4,539,153
$-
$5
$10
$15
$20
$25
Millions
Net OPEB Liability
Funded Status
20 254 of 471
Required
Communications
21 255 of 471
Required Communications
Auditor’s Responsibilities
Provide an opinion on whether financial statements
are fairly stated in accordance with U.S. GAAP
Evaluate internal control over financial reporting
including tone at the top
Evaluate compliance with laws, contracts, and grants.
Ensure financial statements are clear and transparent
Communicate with the governing body
Management’s Responsibilities
Take responsibility for the financial statements
Establish and maintain internal control over
financial reporting
Make all financial records available to us
Establish internal control to prevent and detect fraud
Inform us of all known and suspected fraud
Comply with laws and regulations
Take corrective action on audit findings
22 256 of 471
Required Communications
• It is our responsibility to maintain independence.
• We maintained our independence by strict adherence to the AICPA and the Board of Accountancy rules and regulations.
• Other than preparing the financial statements, no services performed that could affect our independence.
Independence
• Not within the time frame originally communicated to the City in our engagement letters.
Timing of the Audit
• The City adopted the following new pronouncements during the year:
• GASB Statement No. 100 – Accounting Changes and Error Corrections Significant Accounting Policies and Unusual Transactions 23 257 of 471
Required Communications
• No difficulties encountered.
Difficulties Encountered in Performing the Audit
• There were adjustments and reclassifying entries during the course of the audit. Management has posted all proposed audit adjustments.
Significant Audit Adjustments and Unadjusted Differences • No material weaknesses were identified.
• Significant deficiency – Timely Financial Reporting and Year-End Closing Process (in progress).
Deficiencies in Internal Control over Financial Reporting 24 258 of 471
New Accounting Standards
• GASB Statement No. 101 – Compensated Absences
• GASB Statement No. 102 – Certain Risk Disclosures
2025
• GASB Statement No. 103 – Financial Reporting Model
Improvements
• GASB Statement No. 104 – Disclosure of Certain Capital Assets 2026
• GASB Statement No. 105 – Subsequent Events
2027
25 259 of 471
Thank You for Allowing
us to Provide Audit
Services to the City.
26 260 of 471
City Council Staff Report Page 1 of 2 January 13, 2026
Staff Report
Agenda Item No. 4.5
DATE: January 13, 2026
TO: Honorable Mayor and Members of the City Council
FROM: Joan Malloy, City Manager
SUBJECT: Adopt a Resolution Approving an Amendment to Update the Class Specification for the Classification of Clinical Supervisor
EXECUTIVE SUMMARY
Staff recommends that the City Council adopt a resolution to approve an update of the class specification for the classification of Clinical Supervisor.
STRATEGIC PLAN ALIGNMENT
This program supports Goal B. Governance and Organization Effectiveness of the strategic plan in aligning critical city services with current staffing levels.
BACKGROUND
As part of a review of the classification of Clinical Supervisor job duties, and the needs of the Youth and Family Services Division in the Community and Recreation Services Department, staff recommend modifications to the classification specification/job description. These amendments will better align the position's functions with the Clinical Supervisor's actual duties.
DISCUSSION
The proposed classification specification incorporates modifications to align the job duties, qualifications, experience, and skills expected of this classification. The goal is to provide clarity on essential functions, qualifications, and certifications during the subsequent recruitment. The City has met and conferred with the OE3 Management Employees’ Group (MEG) regarding the proposed classification revisions. No adjustments to the current salary range are recommended at this time. The Community and Recreation Services Department worked with the Human Resources Department to ensure the class specification is updated.
FISCAL IMPACT
There is no fiscal impact from the proposed changes to the position specification. 261 of 471
Agenda Item No. 4.5
City Council Staff Report Page 2 of 2 January 13, 2026 3 3 RECOMMENDATION
Staff recommends that the City Council adopt the attached resolution to approve an amendment to the City’s Classification to update the class specification/job description of Clinical Supervisor.
Prepared by: Jaime Rabe, Human Resources Manager
Submitted by: Jason Castleberry, Human Resources Director Attachments
1. Draft Resolution
2. Exhibit A – Redlined Clinical Supervisor Classification Update
3. Exhibit B – Clean Clinical Supervisor Classification Update 262 of 471
RESOLUTION NO. 2026-XXX
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNION CITY
APPROVING AN AMENDMENT TO UPDATE THE CLASS
SPECIFICATION FOR THE CLASSIFICATION OF CLINICAL
SUPERVISOR
WHEREAS, the City has undertaken an inquiry and recommends that the City Council update the class specification for the classification of Clinical Supervisor; and WHEREAS, City staff have undertaken an analysis of necessary updates to the classification to update the class specification for the classification of Clinical Supervisor; and
WHEREAS, the City Council has identified in the Strategic Plan Goal B, Governance and Organization Effectiveness, to align critical city services with current staffing levels by ensuring the accuracy and clarity for the classification of Clinical Supervisor; and
WHEREAS, the Community and Recreation Services Department has met and conferred in good faith with the representatives of all bargaining units related to the above matters.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Union City hereby approves the updated classification of Clinical Supervisor, attached hereto and incorporated herein by reference, effective December 16, 2025.
BE IT FURTHER RESOLVED that the City Council hereby authorizes the City Manager to take such further actions as may be necessary to implement the proposed revisions to the class specification for the classification of Clinical Supervisor. 263 of 471
Resolution No. 2026-XXX
Clinical Supervisor Classification Update