OTHER FINANCING SOURCES (USES)
Transfers in (Note 3a) - - 1,142,563 - 2,042,563
Transfers out (Note 3a) - - - - (1,593,414)
Total other financing sources (uses) - - 1,142,563 - 449,149 Net change in fund balances 1,359,313 (509) 11,845 4,894 5,776,305 Fund balances-beginning 7,274,736 81,570 277,832 105,485 97,867,824 Restatements - change in reporting entity - - - - (19,552,696) Fund balances (deficit)-beginning 7,274,736 81,570 277,832 105,485 78,315,128 Fund balances (deficit)-ending $ 8,634,049 $ 81,061 $ 289,677 $ 110,379 $ 84,091,433
CITY OF VALLEJO
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances(Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2024
194
Combining Schedules of Revenues, Expenditures, and Changes in Fund Balances:
Budget and Actual - Nonmajor Special Revenue Funds
195
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Solid Waste Disposal Fund #135
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Licenses and permits $ 11,900 $ 11,900 $ 20,956 $ 9,056 Intergovernmental revenues - 151,291 151,291 -
Charges for services 1,492,397 1,928,466 1,863,656 (64,810) Use of money and property - - 54,032 54,032
Fines and forfeitures - 12,524 35,160 22,636
Total revenues 1,504,297 2,104,181 2,125,095 20,914
EXPENDITURES
Current:
Public works 1,491,462 2,049,357 1,967,859 81,498
Debt service:
Principal - lease payments - - 24,229 (24,229)
Interest and fiscal charges - - 1,096 (1,096)
Total expenditures 1,491,462 2,049,357 1,993,184 56,173 Net change in fund balance $ 12,835 $ 54,824 131,911 $ 77,087 Fund balance-beginning 48,558
Fund balance-ending $ 180,469
CITY OF VALLEJO
196
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual State Gas Tax Fund #133
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental revenues $ 2,970,000 $ 2,970,000 $ 3,438,940 $ 468,940 Charges for services 1,566,488 1,566,488 1,710,560 144,072 Use of money and property - - 30,398 30,398
Other 24,500 25,341 15,038 (10,303)
Total revenues 4,560,988 4,561,829 5,194,936 633,107
EXPENDITURES
Current:
Public works 3,815,831 3,836,419 4,148,559 (312,140) Debt service:
Principal - subscription payments - - 13,775 (13,775) Interest and fiscal charges - - 1,075 (1,075)
Total expenditures 3,815,831 3,836,419 4,163,409 (326,990) Excess (deficiency) of revenues
over (under) expenditures 745,157 725,410 1,031,527 306,117
OTHER FINANCING SOURCES (USES)
Transfers out (Note 3a) (769,000) (769,000) (769,000) - Total other financing sources (uses) (769,000) (769,000) (769,000) - Net change in fund balance $ (23,843) $ (43,590) 262,527 $ 306,117 Fund balance-beginning 236,356
Fund balance-ending $ 498,883
CITY OF VALLEJO
197
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Development Block Grant Fund #101
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental revenues $ 1,035,447 $ 2,516,978 $ 1,980,857 $ (536,121) Use of money and property 2,333 2,333 10,366 8,033
Other 2,667 2,667 - (2,667)
Total revenues 1,040,447 2,521,978 1,991,223 (530,755)
EXPENDITURES
Current:
Community services 1,040,447 2,765,756 2,030,697 735,059 Total expenditures 1,040,447 2,765,756 2,030,697 735,059 Net change in fund balance $ - $ (243,778) (39,474) $ 204,304 Fund balance-beginning 1,845,325
Fund balance-ending $ 1,805,851
CITY OF VALLEJO
198
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HOME Program Fund #102
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental revenues $ 561,954 $ 2,850,238 $ 13,457 $ (2,836,781) Use of money and property 100,000 100,000 (4,952) (104,952) Total revenues 661,954 2,950,238 8,505 (2,941,733)
EXPENDITURES
Current:
Community services 661,954 2,973,010 1,038,158 1,934,852 Total expenditures 661,954 2,973,010 1,038,158 1,934,852 Net change in fund balance $ - $ (22,772) (1,029,653) $ (1,006,881) Fund balance-beginning 5,025,110
Fund balance-ending $ 3,995,457
CITY OF VALLEJO
199
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Hiddenbrooke Community Services District Fund #138
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services $ 723,742 $ 723,742 $ 683,766 $ (39,976) Use of money and property 30,333 30,333 193,484 163,151 Total revenues 754,075 754,075 877,250 123,175
EXPENDITURES
Current:
Public works 742,990 806,008 809,589 (3,581)
Capital outlay 20,926 20,926 20,926 -
Total expenditures 763,916 826,934 830,515 (3,581)
Net change in fund balance $ (9,841) $ (72,859) 46,735 $ 119,594 Fund balance-beginning 3,479,801
Fund balance-ending $ 3,526,536
CITY OF VALLEJO
200
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Mare Island Base Reuse Fund #107
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 44,636 $ 44,636 $ 58,913 $ 14,277 Total revenues 44,636 44,636 58,913 14,277
EXPENDITURES
Current:
Economic development 324,538 357,422 151,953 205,469 Total expenditures 324,538 357,422 151,953 205,469
Excess (deficiency) of revenues
over (under) expenditures (279,902) (312,786) (93,040) 219,746
OTHER FINANCING SOURCES (USES)
Transfers in (Note 3a) 100,000 100,000 100,000 -
Total other financing sources (uses) 100,000 100,000 100,000 - Net change in fund balance $ (179,902) $ (212,786) 6,960 $ 219,746 Fund balance-beginning 416,403
Fund balance-ending $ 423,363
CITY OF VALLEJO
201
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Mare Island CFD 2002 Fund #112
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Taxes $ 1,961,282 $ 1,961,282 $ 2,125,646 $ 164,364
Charges for services 2,073,760 2,073,760 2,093,959 20,199 Use of money and property 50,000 50,000 212,533 162,533 Total revenues 4,085,042 4,085,042 4,432,138 347,096
EXPENDITURES
Current:
Fire services 2,459,000 2,459,000 2,542,951 (83,951) Police services 835,000 835,000 789,000 46,000
Public works 1,151,831 1,339,343 1,186,488 152,855
Capital outlay 2,615 2,615 2,615 -
Total expenditures 4,448,446 4,635,958 4,521,054 114,904 Net change in fund balance $ (363,404) $ (550,916) (88,916) $ 462,000 Fund balance-beginning 5,496,281
Fund balance-ending $ 5,407,365
CITY OF VALLEJO
202
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Mare Island CFD 2005 1A (State) Fund #113
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services $ 281,569 $ 281,569 $ 281,574 $ 5
Use of money and property - - 22,319 22,319
Total revenues 281,569 281,569 303,893 22,324
EXPENDITURES
Current:
Public works 201,476 207,366 193,112 14,254
Total expenditures 201,476 207,366 193,112 14,254
Net change in fund balance $ 80,093 $ 74,203 110,781 $ 36,578 Fund balance-beginning 406,847
Fund balance-ending $ 517,628
CITY OF VALLEJO
203
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Mare Island CFD 2005 1B (Local) Fund #114
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ - $ - $ 52,275 $ 52,275
Total revenues - - 52,275 52,275
EXPENDITURES
Current:
Public works 259,258 273,826 123,700 150,126
Total expenditures 259,258 273,826 123,700 150,126
Net change in fund balance $ (259,258) $ (273,826) (71,425) $ 202,401 Fund balance-beginning 1,081,136
Fund balance-ending $ 1,009,711
CITY OF VALLEJO
204
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Hazmat Revolving Fund #143
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services $ 46,224 $ 46,224 $ 48,663 $ 2,439 Use of money and property - - 5,332 5,332
Total revenues 46,224 46,224 53,995 7,771
EXPENDITURES
Current:
Public works 46,224 49,899 24,645 25,254
Total expenditures 46,224 49,899 24,645 25,254
Net change in fund balance $ - $ (3,675) 29,350 $ 33,025 Fund balance-beginning 97,294
Fund balance-ending $ 126,644
CITY OF VALLEJO
205
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Supplemental Law Enforcement Grant Fund #151
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental revenues $ 200,000 $ 200,000 $ 536,723 $ 336,723 Use of money and property - - 32,535 32,535
Total revenues 200,000 200,000 569,258 369,258
EXPENDITURES
Current:
Police services 355,000 534,537 119,276 415,261
Total expenditures 355,000 534,537 119,276 415,261
Net change in fund balance $ (155,000) $ (334,537) 449,982 $ 784,519 Fund balance-beginning 443,694
Fund balance-ending $ 893,676
CITY OF VALLEJO
206
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Traffic Offender / Vehicle Impound Program Fund #140
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Licenses and permits $ 20,000 $ 20,000 $ 30,992 $ 10,992 Use of money and property - - 6,202 6,202
Total revenues 20,000 20,000 37,194 17,194
EXPENDITURES
Current:
Police services 24,425 24,425 28,257 (3,832)
Total expenditures 24,425 24,425 28,257 (3,832)
Net change in fund balance $ (4,425) $ (4,425) 8,937 $ 13,362 Fund balance-beginning 110,767
Fund balance-ending $ 119,704
CITY OF VALLEJO
207
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Landscape Maintenance Districts Fund #161-188
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services $ 4,107,038 $ 4,107,038 $ 4,281,623 $ 174,585 Use of money and property 136,602 136,602 957,729 821,127 Total revenues 4,243,640 4,243,640 5,239,352 995,712
EXPENDITURES
Current:
Public works 3,178,412 3,268,412 3,026,064 242,348
Capital outlay 3,769 3,769 3,769 -
Total expenditures 3,182,181 3,272,181 3,029,833 242,348 Net change in fund balance $ 1,061,459 $ 971,459 2,209,519 $ 1,238,060 Fund balance-beginning 18,177,502
Fund balance-ending $ 20,387,021
CITY OF VALLEJO
208
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Outside Services Fund #129
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for services $ 1,020,000 $ 1,020,000 $ 400,521 $ (619,479) Use of money and property 40,383 40,383 54,094 13,711 Total revenues 1,060,383 1,060,383 454,615 (605,768)
EXPENDITURES
Current:
Economic development - 320,000 91,150 228,850
Planning and development services 920,000 600,000 309,014 290,986 Public works 100,000 100,000 46,837 53,163
Total expenditures 1,020,000 1,020,000 447,001 572,999 Excess (deficiency) of revenues
over (under) expenditures 40,383 40,383 7,614 (32,769)
OTHER FINANCING SOURCES (USES)
Transfers out (Note 3a) (40,383) (40,383) (49,593) (9,210) Total other financing sources (uses) (40,383) (40,383) (49,593) (9,210) Net change in fund balance $ - $ - (41,979) $ (41,979) Fund balance-beginning 191,250
Fund balance-ending $ 149,271
CITY OF VALLEJO
209
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Administrative Trust Fund #601
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 25,000 $ 25,000 $ 5,919 $ (19,081) Contribution revenue 20,000 20,000 741 (19,259)
Total revenues 45,000 45,000 6,660 (38,340)
EXPENDITURES
Current:
Police services 20,000 20,000 741 19,259
Total expenditures 20,000 20,000 741 19,259
Excess (deficiency) of revenues
over (under) expenditures 25,000 25,000 5,919 (19,081)
OTHER FINANCING SOURCES (USES)
Transfers out (Note 3a) (25,000) (25,000) (5,919) 19,081 Total other financing sources (uses) (25,000) (25,000) (5,919) 19,081 Net change in fund balance $ - $ - - $ -
Fund balance-beginning -
Fund balance-ending $ -
CITY OF VALLEJO
210
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual State Lands Fund #134
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 311,171 $ 311,171 $ 719,633 $ 408,462 Total revenues 311,171 311,171 719,633 408,462
EXPENDITURES
Current:
Economic development 90,050 90,061 37,738 52,323
Total expenditures 90,050 90,061 37,738 52,323
Net change in fund balance $ 221,121 $ 221,110 681,895 $ 460,785 Fund balance-beginning 689,509
Fund balance-ending $ 1,371,404
CITY OF VALLEJO
211
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Neighborhood Stabilization Program Fund #103
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 6,000 $ 6,000 $ 6,709 $ 709 Other 1,800 1,800 - (1,800)
Total revenues 7,800 7,800 6,709 (1,091)
EXPENDITURES
Current:
Community services 7,800 526,814 1,183 525,631
Total expenditures 7,800 526,814 1,183 525,631
Net change in fund balance $ - $ (519,014) 5,526 $ 524,540 Fund balance-beginning 2,214,316
Fund balance-ending $ 2,219,842
CITY OF VALLEJO
212
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Navigation Center #191
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 50,000 $ 50,000 $ 283,691 $ 233,691 Contribution revenue - - 1,000,000 1,000,000
Total revenues 50,000 50,000 1,283,691 1,233,691
Net change in fund balance $ 50,000 $ 50,000 1,283,691 $ 1,233,691 Fund balance-beginning 5,106,379
Fund balance-ending $ 6,390,070
CITY OF VALLEJO
213
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual NLP Nuisance Abatement Fund #147
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 7,000 $ 7,000 $ 11,540 $ 4,540 Other 100,000 100,000 - (100,000)
Total revenues 107,000 107,000 11,540 (95,460)
EXPENDITURES
Current:
Law 209,034 209,034 - 209,034
Total expenditures 209,034 209,034 - 209,034
Net change in fund balance $ (102,034) $ (102,034) 11,540 $ 113,574 Fund balance-beginning 224,469
Fund balance-ending $ 236,009
CITY OF VALLEJO
214
Schedules of Revenues, Expenditures, and Changes in Fund Balances:
Budget and Actual - Nonmajor Debt Service Fund
215
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216
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Certificates of Participation Fund #-Various
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 4,663 $ - $ 7,752 $ 7,752
Total revenues 4,663 - 7,752 7,752
EXPENDITURES
Current:
Public works 9,000 9,000 9,000 -
Debt service:
Principal long term debt payments 935,190 962,276 962,276 - Interest and fiscal charges 195,554 167,195 167,194 1 Total expenditures 1,139,744 1,138,471 1,138,470 1
Excess (deficiency) of revenues
over (under) expenditures (1,135,081) (1,138,471) (1,130,718) 7,753
OTHER FINANCING SOURCES (USES)
Transfers in (Note 3a) 1,149,232 1,142,565 1,142,563 (2) Total other financing sources (uses) 1,149,232 1,142,565 1,142,563 (2) Net change in fund balance $ 14,151 $ 4,094 11,845 $ 7,751 Fund balance-beginning 277,832
Fund balance-ending $ 289,677
City of Vallejo
217
Schedules of Revenues, Expenditures, and Changes in Fund Balances:
Budget and Actual - Permanent Fund
218
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual McCune Collection Fund #603
For the Year Ended June 30, 2024
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Use of money and property $ 1,161 $ 2,500 $ 5,423 $ 2,923 Total revenues 1,161 2,500 5,423 2,923
EXPENDITURES
Current:
Planning and development services 256 2,500 529 1,971 Total expenditures 256 2,500 529 1,971
Net change in fund balance $ 905 $ - 4,894 $ 4,894
Fund balance-beginning 105,485
Fund balance-ending $ 110,379
City of Vallejo
219
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220
Nonmajor Enterprise Funds
Marina Fund - is used to account for the operations, improvement and management of the City marina operations.
Golf Fund - is used to account for the capital assets of the City's municipal golf course and the course operator's pass-through revenues that service the City debt used to acquire and improve the assets of the fund.
Vallejo Station Parking Fund - is used to account for the operations, maintenance and management of the Vallejo Station Parking Structure.
Fiber Optic Fund - is used to account for the operations, maintenance, and distribution of bandwidth and retail internet services throughout the City's fiber optic network. 221
Combining Statement of Net Position - Other Enterprise Funds Business-Type Activities
Marina Fund
#415 Golf Fund #425
Vallejo Station
Parking Fund
#431
Fiber Optic
Fund #432
Total Other
Enterprise
Funds
ASSETS
Current assets:
Cash and investments $ 731,998 $ 2,389,916 $ 648,075 $ 204,642 $ 3,974,631 Receivables (net of
uncollectibles):
Accounts receivable 5,818 8,313 69,601 - 83,732
Due from other
governments, current 166,345 - - - 166,345
Prepaids and deposits 10,035 91,956 - - 101,991
Materials, parts, and
supplies 23,827 94,271 - - 118,098
Restricted:
Cash with fiscal agent - 381,490 - - 381,490
Total current assets 938,023 2,965,946 717,676 204,642 4,826,287 Noncurrent:
Capital assets, net 12,111,637 8,335,459 545,204 428,299 21,420,599 Total noncurrent assets 12,111,637 8,335,459 545,204 428,299 21,420,599 Total assets 13,049,660 11,301,405 1,262,880 632,941 26,246,886
LIABILITIES
Current liabilities:
Accounts payable and
accrued liabilities 240,300 393,244 117,712 51,229 802,485 Accrued interest 84,883 45,247 - - 130,130
Unearned revenues 13,446 144,410 - - 157,856
Deposits payable 102,817 - - - 102,817
Bonds and notes payable 530,233 264,176 - - 794,409 Total current liabilities 971,679 847,077 117,712 51,229 1,987,697 Noncurrent liabilities:
Advances from other
funds - - - 680,000 680,000
Bonds, notes and loans
payable 9,829,910 5,231,393 - - 15,061,303
Total noncurrent liabilities 9,829,910 5,231,393 - 680,000 15,741,303 Total liabilities 10,801,589 6,078,470 117,712 731,229 17,729,000
NET POSITION
Net investment in capital
assets (Note 12A) 3,050,551 3,637,784 545,204 428,299 7,661,838 Restricted other - 381,490 - - 381,490
Net position, unrestricted
(deficit) (802,480) 1,203,661 599,964 (526,587) 474,558 Total net position $ 2,248,071 $ 5,222,935 $ 1,145,168 $ (98,288) $ 8,517,886
CITY OF VALLEJO
Combining Statement of Net Position
Other Enterprise Funds
June 30, 2024
222
Combining Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds Business-Type Activities
Business-Type
Activities
Marina Fund
#415 Golf Fund #425
Vallejo Station
Parking Fund
#431
Fiber Optic
Fund #432
Total Other
Enterprise
Funds
OPERATING REVENUES
Charges for services $ 1,222,737 $ 4,543,912 $ 934,144 $ 53,069 $ 6,753,862 Other 44,023 - - - 44,023
Total operating revenues 1,266,760 4,543,912 934,144 53,069 6,797,885
OPERATING EXPENSES
General and administrative 25,893 2,023,795 276,374 - 2,326,062 Operations expenses 1,529,543 2,056,904 436,692 969,879 4,993,018 Depreciation and
amortization expense 56,497 147,891 26,783 23,682 254,853 Total operating expenses 1,611,933 4,228,590 739,849 993,561 7,573,933 Operating income (loss) (345,173) 315,322 194,295 (940,492) (776,048)
NONOPERATING
REVENUES (EXPENSES)
Intergovernmental
revenues 196,699 - - - 196,699
Investment income (loss) 38,757 39,851 18,923 - 97,531 Interest and fiscal charges (253,811) (137,044) - - (390,855) Gain (loss) on disposal of
capital assets - 188 3,398 - 3,586
Total nonoperating
revenues (expenses) (18,355) (97,005) 22,321 - (93,039) Income (loss) before
capital contributions and
transfers (363,528) 218,317 216,616 (940,492) (869,087) Transfers in (Note 3a) 699,999 - 111,185 1,058,870 1,870,054 Change in net position 336,471 218,317 327,801 118,378 1,000,967 Net position-beginning 1,911,600 5,004,618 817,367 (216,666) 7,516,919 Net position-ending $ 2,248,071 $ 5,222,935 $ 1,145,168 $ (98,288) $ 8,517,886
CITY OF VALLEJO
Combining Statement of Revenues, Expenses and Changes in Net Position Other Enterprise Funds
For the Year Ended June 30, 2024
223
Combining Statement of Cash Flows - Other Enterprise Funds Business-Type Activities
Marina Fund
#415
Golf Fund
#425
Vallejo
Station
Parking Fund
#431
Fiber Optic
Fund #432 Totals
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 1,250,990 $ 4,528,654 $ 907,141 $ 53,069 $ 6,739,854 Payments to suppliers and service providers (1,430,188) (4,106,686) (622,890) (1,020,742) (7,180,506) Net cash provided by (used for)
operating activities (179,198) 421,968 284,251 (967,673) (440,652)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Interfund receipts 699,999 - 111,185 1,058,870 1,870,054 Operating grants and contributions 106,663 - - - 106,663 Net cash provided by (used for)
noncapital financing activities 806,662 - 111,185 1,058,870 1,976,717
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition and construction of capital assets (105,089) (261,963) - (124,470) (491,522) Principal paid on capital debt (670,338) (387,168) — - (1,057,506) Interest paid on capital debt (29,660) (12,135) (69,045) - (110,840) Proceeds from sales of assets - (53) 69,045 - 68,992 Net cash provided by (used for)
capital and related financing activities (805,087) (661,319) - (124,470) (1,590,876)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 38,757 39,851 18,924 - 97,532 Net cash provided by (used for)
investing activities 38,757 39,851 18,924 - 97,532 Net increase (decrease) in
cash and cash equivalents (138,866) (199,500) 414,360 (33,273) 42,721 Cash and cash equivalents-beginning 870,864 2,970,906 233,715 237,915 4,313,400 Cash and cash equivalents-ending $ 731,998 $ 2,771,406 $ 648,075 $ 204,642 $ 4,356,121
CITY OF VALLEJO
Combining Statement of Cash Flows
Other Enterprise Funds
For the Year Ended June 30, 2024
224
Business-Type Activities
Marina Fund
#415
Golf Fund
#425
Vallejo
Station
Parking Fund
#431
Fiber Optic
Fund #432 Totals
RECONCILIATION OF CASH AND CASH EQUIVALENTS
TO THE STATEMENT OF NET POSITION
Cash and investments $ 731,998 $ 2,389,916 $ 648,075 $ 204,642 $ 3,974,631 Cash with fiscal agent - 381,490 - - 381,490
Total cash and cash equivalents $ 731,998 $ 2,771,406 $ 648,075 $ 204,642 $ 4,356,121
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH PROVIDED BY (USED FOR)
OPERATING ACTIVITIES
Operating income (loss) $ (345,173) $ 315,322 $ 194,295 $ (940,492) $ (776,048) Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:
Depreciation/amortization expense 56,497 147,891 26,783 23,682 254,853 (Increase) decrease in accounts receivable (2,711) (7,177) (27,003) - (36,891) (Increase) decrease in inventories 9,624 (11,924) - - (2,300) (Increase) decrease in prepaid items (8,413) 11,497 - - 3,084 Increase (decrease) in accounts payable 124,037 (25,560) 90,176 (50,863) 137,790 Increase (decrease) in deposits payable (13,059) (8,081) - - (21,140) Total adjustments 165,975 106,646 89,956 (27,181) 335,396 Net cash provided by (used for)
operating activities $ (179,198) $ 421,968 $ 284,251 $ (967,673) $ (440,652)
CITY OF VALLEJO
Combining Statement of Cash Flows (Continued)
Other Enterprise Funds
For the Year Ended June 30, 2024
225
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226
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.
Fleet Maintenance/Replacement Fund #501-502 accounts for the maintenance and replacements of vehicles and equipment used by all City departments.
Retiree Health Benefits Fund #506 accounts for the City’s Retiree Healthcare Plan’s annual OPEB costs and unfunded actuarial accrued liabilities in compliance with GASB 45.
Self-Insurance Fund #508-509 accounts for risk management operations involving management of City’s Workers Compensation and General Liability Insurance accounts and transactions.
Payroll Benefits Fund #602 accounts for cash transferred from various funds from which actual cash is remitted to governmental agencies, employees and other agencies for employee benefits 227
Combining Statement of Net Position - Internal Service Funds Fleet
Maintenance/
Replacement
Fund
#501-502
Payroll
Benefits
#602
Retiree
Health
Benefits
(OPEB) #506
General
Liability #508
Workers'
Comp #509
Total
Internal
Service
Funds
ASSETS
Current assets:
Cash and investments $9,347,075 $270,650 $846,104 $15,080,741 $21,326,949 $46,871,519 Receivables (net of uncollectibles):
Accounts receivable 73,069 298,424 - - - 371,493
Prepaids and deposits - 6,301 - 426,396 - 432,697 Due from other funds - - - - 3,155,682 3,155,682
Materials, parts, and supplies 198,007 - - - - 198,007 Restricted:
Cash with fiscal agent 5,109,068 - - - - 5,109,068 Total current assets 14,727,219 575,375 846,104 15,507,137 24,482,631 56,138,466 Noncurrent:
Capital assets, net 7,987,123 - - - - 7,987,123
Total noncurrent assets 7,987,123 - - - - 7,987,123 Total assets 22,714,342 575,375 846,104 15,507,137 24,482,631 64,125,589
DEFERRED OUTFLOWS OF RESOURCES
Related to pensions 452,989 - - 184,187 184,186 821,362 Related to OPEB 78,927 - 3,591,082 23,058 23,058 3,716,125 Total deferred outflows of resources 531,916 - 3,591,082 207,245 207,244 4,537,487
CITY OF VALLEJO
Combining Statement of Net Position
Internal Service Funds
June 30, 2024
228
Fleet
Maintenance/
Replacement
Fund
#501-502
Payroll
Benefits
#602
Retiree
Health
Benefits
(OPEB) #506
General
Liability #508
Workers'
Comp #509
Total
Internal
Service
Funds
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 791,822 171,973 - 238,456 16,835 1,219,086 Accrued interest 13,967 - - - - 13,967
Employee benefits payable, current 63,086 403,402 - 19,793 19,793 506,074 Accrued claims and judgements - - - 3,945,600 2,992,410 6,938,010 Bonds and notes payable 665,000 - - - - 665,000
Total current liabilities 1,533,875 575,375 - 4,203,849 3,029,038 9,342,137 Noncurrent liabilities:
Employee benefits payable 40,031 - 595,867 8,530 8,530 652,958 Accrued claims and judgements - - - 8,384,400 13,209,590 21,593,990 Net pension liability 2,122,700 - - 856,528 856,528 3,835,756 Net OPEB liability 113,141 - 5,389,553 35,269 35,269 5,573,232 Bonds, notes and loans payable 3,735,000 - - - - 3,735,000 Total noncurrent liabilities 6,010,872 - 5,985,420 9,284,727 14,109,917 35,390,936 Total liabilities 7,544,747 575,375 5,985,420 13,488,576 17,138,955 44,733,073
DEFERRED INFLOWS OF RESOURCES
Related to pensions 10,306 - - 4,159 4,159 18,624 Related to OPEB 86,054 - 4,099,270 26,826 26,826 4,238,976 Total deferred inflows of resources 96,360 - 4,099,270 30,985 30,985 4,257,600
NET POSITION
Net investment in capital assets 8,696,191 - - - - 8,696,191 Net position, unrestricted 6,908,960 - (5,647,504) 2,194,821 7,519,935 10,976,212 Total net position $ 15,605,151 $ - $ (5,647,504) $ 2,194,821 $ 7,519,935 $ 19,672,403
CITY OF VALLEJO
Combining Statement of Net Position (Continued)
Internal Service Funds
June 30, 2024
229
Combining Statement of Revenues, Expenses and Changes in Net Position - Internal Service Funds Fleet
Maintenance/
Replacement
Fund
#501-502
Payroll
Benefits
#602
Retiree
Health
Benefits
(OPEB) #506
General
Liability #508
Workers'
Comp #509
Total Internal
Service
Funds
OPERATING REVENUES
Charges for services $ 6,949,380 $ - $ 2,996,102 $ 10,396,576 $ 5,896,397 $ 26,238,455 Other 54,084 - - - - 54,084
Total operating revenues 7,003,464 - 2,996,102 10,396,576 5,896,397 26,292,539
OPERATING EXPENSES
Operations expenses 3,634,542 - 200,873 2,037,377 843,744 6,716,536 Insurance and claims - - - 7,670,814 3,877,387 11,548,201 Depreciation and amortization expense 1,774,495 - - - - 1,774,495 Total operating expenses 5,409,037 - 200,873 9,708,191 4,721,131 20,039,232 Operating income (loss) 1,594,427 - 2,795,229 688,385 1,175,266 6,253,307
NONOPERATING REVENUES
(EXPENSES)
Investment income (loss) 538,687 - 38,205 623,493 1,082,651 2,283,036 Interest and fiscal charges (179,944) - - - - (179,944) Gain (loss) on disposal of capital assets 46,266 - - - - 46,266 Total nonoperating revenues (expenses) 405,009 - 38,205 623,493 1,082,651 2,149,358 Income (loss) before capital
contributions and transfers 1,999,436 - 2,833,434 1,311,878 2,257,917 8,402,665 Transfers in (Note 3a) 982,341 - - - - 982,341
Change in net position 2,981,777 - 2,833,434 1,311,878 2,257,917 9,385,006 Net position-beginning 12,623,374 - (8,480,938) 882,943 5,262,018 10,287,397 Net position-ending $ 15,605,151 $ - $ (5,647,504) $ 2,194,821 $ 7,519,935 $ 19,672,403
CITY OF VALLEJO
Combining Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2024
230
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231
Combining Statement of Cash Flows - Internal Service Funds Fleet
Maintenance/
Replacement
Fund
#501-502
Payroll
Benefits
#602
Retiree
Health
Benefits
(OPEB) #506
General
Liability
#508
Workers'
Comp #509 Totals
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 6,986,886 $ 80,522,464 $ 2,996,102 $ 10,396,576 $ 5,896,397 $ 106,798,425 Payments to suppliers and service providers (1,837,317) - - (4,873,616) (1,298,539) (8,009,472) Payment to or on behalf of employees (1,065,958) (80,305,395) (2,911,079) (407,912) (386,951) (85,077,295) Claims paid - - - (4,975,131) (2,432,154) (7,407,285) Net cash provided by (used for)
operating activities 4,083,611 217,069 85,023 139,917 1,778,753 6,304,373
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Interfund receipts 982,341 - - - - 982,341
Payments to other funds on interfund borrowings - - - - (2,019,600) (2,019,600) Net cash provided by (used for)
noncapital financing activities 982,341 - - - (2,019,600) (1,037,259)
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition and construction of capital assets (1,712,999) - - - - (1,712,999) Principal paid on capital debt (600,000) - - - - (600,000) Interest paid on capital debt (180,460) - - - - (180,460) Proceeds from sales of assets 80,758 - - - - 80,758 Net cash provided by (used for)
capital and related financing activities (2,412,701) - - - - (2,412,701)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 538,687 - 38,205 623,493 1,082,651 2,283,036 Net cash provided by (used for)
investing activities 538,687 - 38,205 623,493 1,082,651 2,283,036 Net increase (decrease) in
cash and cash equivalents 3,191,938 217,069 123,228 763,410 841,804 5,137,449 Cash and cash equivalents-beginning 11,264,205 53,581 722,876 14,317,331 20,485,145 46,843,138 Cash and cash equivalents-ending $ 14,456,143 $ 270,650 $ 846,104 $ 15,080,741 $ 21,326,949 $ 51,980,587
CITY OF VALLEJO
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
232
Fleet
Maintenance/
Replacement
Fund
#501-502
Payroll
Benefits
#602
Retiree
Health
Benefits
(OPEB) #506
General
Liability
#508
Workers'
Comp #509 Totals
RECONCILIATION OF CASH AND CASH
EQUIVALENTS
TO THE STATEMENT OF NET POSITION
Cash and investments $ 9,347,075 $ 270,650 $ 846,104 $ 15,080,741 $ 21,326,949 $ 46,871,519 Cash with fiscal agent 5,109,068 - - - - 5,109,068 Total cash and cash equivalents $ 14,456,143 $ 270,650 $ 846,104 $ 15,080,741 $ 21,326,949 $ 51,980,587
RECONCILIATION OF OPERATING INCOME
(LOSS)
TO NET CASH PROVIDED BY (USED FOR)
OPERATING ACTIVITIES
Operating income (loss) $ 1,594,427 $ - $ 2,795,229 $ 688,385 $ 1,175,266 $ 6,253,307 Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:
Depreciation/amortization expense 1,774,495 - - - - 1,774,495 (Increase) decrease in accounts receivable (16,578) (194,419) - - - (210,997) (Increase) decrease in inventories 25,111 - - - - 25,111 (Increase) decrease in prepaid items - (6,301) - (46,509) - (52,810) Increase (decrease) in accounts payable 587,082 156,400 (49,526) 30,490 (21,065) 703,381 Increase (decrease) in compensated absences 12,692 261,389 44,807 8,886 8,886 336,660 Increase (decrease) in claims and judgments - - - (508,000) 649,000 141,000 Increase (decrease) in pension and related items 110,182 - - (44,176) (44,175) 21,831 Increase (decrease) in OPEB and related items (3,800) - (2,705,487) 10,841 10,841 (2,687,605) Total adjustments 2,489,184 217,069 (2,710,206) (548,468) 603,487 51,066 Net cash provided by (used for)
operating activities $ 4,083,611 $ 217,069 $ 85,023 $ 139,917 $ 1,778,753 $ 6,304,373
CITY OF VALLEJO
Combining Statement of Cash Flows (Continued)
Internal Service Funds
For the Year Ended June 30, 2024
233
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234
Combining Fiduciary Funds (Custodial Funds)
The City's Custodial Funds include the Improvement Districts and Assessment Districts Funds. These funds account for the collection of assessment and the disbursement to district bond holders for debt without City commitment.
The Asset Seizure Fund #139 accounts for monies received from police confiscated drug money and property.
Funds are held until final court disposition is received. The funds are then restricted for police related activities only.
235
Combining Statement of Fiduciary Net Position - Fiduciary Funds - Custodial Funds Hiddenbrooke
Improvement
District
NE Quadrant
Improvement
District 2003-01
Asset Seizure
Fund #139
Total
Custodial
Funds
ASSETS
Cash and investments $ 2,373,341 $ 608,739 $ 323,787 $ 3,305,867 Restricted cash and investments with fiscal agents 3,321,044 532,290 - 3,853,334 Total assets 5,694,385 1,141,029 323,787 7,159,201
LIABILITIES
Accounts payable and accrued liabilities - - 14,438 14,438 Accrued interest 117,740 78,973 - 196,713
Due to County 1,672,480 - - 1,672,480
Deposits payable - - 252,216 252,216
Due to other governments - - 7,353 7,353
Due in one year 920,000 265,000 - 1,185,000
Due in more than one year 5,170,000 3,620,000 - 8,790,000 Total liabilities 7,880,220 3,963,973 274,007 12,118,200 NET POSITION (Deficit)
Restricted for governments, individuals or other organizations (2,185,835) (2,822,944) 49,780 (4,958,999) Total net position (Deficit) $ (2,185,835) $ (2,822,944) $ 49,780 $ (4,958,999)
CITY OF VALLEJO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2024
236
Combining Statement of Fiduciary Net Position - Fiduciary Funds - Custodial Funds Hiddenbrooke
Improvement
District
NE Quadrant
Improvement
District
2003-01
Asset Seizure
Fund #139
Total
Custodial
Funds
ADDITIONS
Investment earnings $ 253,163 $ 46,318 $ 16,182 $ 315,663 Collections for assessment districts 10,208 527,890 - 538,098 Total additions 263,371 574,208 16,182 853,761
DEDUCTIONS
Collections for assessment districts 343,549 20,611 17,859 382,019 Interest and fiscal charges 363,858 241,519 - 605,377 Total deductions 707,407 262,130 17,859 987,396
Net increase (decrease) in fiduciary net position (444,036) 312,078 (1,677) (133,635) Net position (Deficit)-beginning (1,741,799) (3,135,022) 51,457 (4,825,364) Net position (Deficit)-ending $ (2,185,835) $ (2,822,944) $ 49,780 $ (4,958,999)
CITY OF VALLEJO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2024
237
STATISTICAL SECTION
Financial Trends
Revenue Capacity
Debt Capacity
Demographic and Economic Information
Operating Information
238
CITY OF VALLEJO
DESCRIPTION OF STATISTICAL SECTION CONTENTS
June 30, 2024
This part of the City's Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. In contrast to the financial section, the statistical section information is not subject to independent audit.
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time:
Net Position by Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241 Changes in Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242 Fund Balances of Governmental Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 245 Changes in Fund Balances of Governmental Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246 Revenue Capacity
These schedules contain information to help the reader assess the City's most significant local revenue sources, the property tax and sales tax:
Assessed Value and Estimated Actual Value of Taxable Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249 Direct and Overlapping Property Tax Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 Top 10 Principal Property Tax Payers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251 Property Tax Levies and Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 252 Taxable Sales by Category . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 253 Top 25 Principal Sales Tax Payers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 254 Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future:
Ratios of Outstanding Debt by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 256 Direct and Overlapping Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257 Legal Debt Margin Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258 Pledged Revenue Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 259 Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place:
Demographic and Economic Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263 Top 10 Principal Employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264 Full-time and Part-time City Employees by Function . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265 Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs:
Operating Indicators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 267 Capital Asset Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 268 Sources
Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.
239
Financial Trends
240
Net Position by Component
Last Ten Fiscal Years Ended June 30
(accrual basis of accounting)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities:
Net Investment in Capital Assets $ 313,312,203 $ 314,654,942 $ 318,636,371 $ 316,622,007 $ 315,888,276 $ 331,744,314 $ 336,111,810 $ 339,879,627 $ 326,351,901 $ 345,870,587 Restricted 65,421,676 68,373,151 70,545,240 69,927,367 75,368,245 91,815,092 98,105,543 103,743,509 120,704,287 131,173,129 Unrestricted (191,225,009) (177,003,436) (174,091,484) (187,401,484) (182,328,859) (217,444,163) (213,528,457) (183,889,225) (166,885,523) (147,333,281) Total governmental activities
net position $ 187,508,870 $ 206,024,657 $ 215,090,127 $ 199,147,890 $ 208,927,662 $ 206,115,243 $ 220,688,896 $ 259,733,911 $ 280,170,665 $ 329,710,435 Business-type activities:
Net Investment in Capital Assets $ 38,170,671 $ 40,191,379 $ 40,778,629 $ 44,251,622 $ 53,757,390 $ 59,614,105 $ 59,196,628 $ 61,267,522 $ 69,861,200 $ 78,558,161 Restricted 5,253,774 5,253,836 5,258,610 5,274,585 5,533,393 510,833 27,358 27,454 35,101 394,501 Unrestricted 1,294,897 (75,800) 1,842,145 (4,749,417) (7,477,516) (1,240,554) 8,016,703 17,840,762 24,330,234 32,570,291 Total business-type activities
net position $ 44,719,342 $ 45,369,415 $ 47,879,384 $ 44,776,790 $ 51,813,267 $ 58,884,384 $ 67,240,689 $ 79,135,738 $ 94,226,535 $ 111,522,953 Primary government:
Net Investment in Capital Assets $ 351,482,874 $ 354,846,321 $ 359,415,000 $ 360,873,629 $ 369,645,666 $ 391,358,419 $ 395,308,438 $ 401,147,149 $ 396,213,101 $ 424,428,748 Restricted 70,675,450 73,626,987 75,803,850 75,201,952 80,901,638 92,325,925 98,132,901 103,770,963 120,739,388 131,567,630 Unrestricted (189,930,112) (177,079,236) (172,249,339) (192,150,901) (189,806,375) (218,684,717) (205,511,754) (166,048,463) (142,555,289) (114,762,990) Total primary government net
position $ 232,228,212 $ 251,394,072 $ 262,969,511 $ 243,924,680 $ 260,740,929 $ 264,999,627 $ 287,929,585 $ 338,869,649 $ 374,397,200 $ 441,233,388 Notes:
– The City implemented the provisions of GASB Statement 68 in fiscal year 2015. Prior amounts have not been restated. – The City implemented the provisions of GASB Statement 75 in fiscal year 2018. Prior amounts have not been restated.
CITY OF VALLEJO
241
Changes in Net Position
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
EXPENSES
Governmental activities:
Legislative and Advisory $ 268,785 $ 257,208 $ 244,300 $ 342,413 $ 321,914 $ 275,873 $ 260,517 $ 183,493 $ 268,285 $ 262,429 Executive 3,817,882 2,386,112 2,795,092 3,217,242 5,346,942 5,213,762 5,155,236 5,936,409 3,922,277 3,641,393 Finance 1,654,071 2,009,568 2,046,341 2,296,973 2,019,164 1,778,234 1,718,818 1,777,407 2,309,944 2,680,976 Human Resources 1,034,655 1,390,288 988,831 1,382,503 1,936,821 1,918,967 2,106,513 1,445,826 1,189,506 1,748,816 Law 694,447 976,895 1,289,690 1,678,985 1,737,644 1,451,392 1,268,519 1,372,165 1,790,270 1,600,994 Development Services 2,701,130 2,954,366 2,925,237 3,572,495 - - - - - - Community Services 26,801,601 27,801,563 27,348,207 29,503,111 34,843,093 31,626,149 35,519,702 31,285,761 31,281,595 29,750,151 Planning and Development
Services - - - - 5,641,584 4,636,674 3,966,578 3,155,793 4,699,503 5,617,806 Fire services 24,689,484 24,573,111 27,384,860 31,978,352 30,169,197 34,879,494 34,564,660 27,487,724 36,122,908 39,356,934 Police services 36,412,375 38,994,284 42,345,792 50,291,924 47,724,576 54,926,532 56,088,783 40,952,101 52,545,100 61,750,656 Public Works 35,650,143 29,491,475 29,016,544 30,289,374 28,195,131 31,891,067 29,512,952 26,058,635 29,171,861 34,230,703 Economic Development - - - - - - - - 3,252,772 9,837,557 Information Technology - - - - - - - - 1,875,881 2,401,779 Interest on long-term debt 541,370 462,398 438,450 414,286 388,381 429,730 413,217 399,242 461,660 473,612 Total governmental activities
expenses $ 134,265,943 $ 131,297,268 $ 136,823,344 $ 154,967,658 $ 158,324,447 $ 169,027,874 $ 170,575,495 $ 140,054,556 $ 168,891,562 $ 193,353,806 Business-type activities:
Water $ 35,075,642 $ 34,856,203 $ 35,523,887 $ 37,447,808 $ 37,733,752 $ 38,645,529 $ 40,603,545 $ 40,229,658 $ 47,140,784 $ 48,075,546 Other proprietary funds 6,447,594 5,622,800 6,135,549 6,734,578 6,738,082 8,046,603 7,179,748 5,998,294 6,951,267 7,964,788 Total business-type activities
expenses 41,523,236 40,479,003 41,659,436 44,182,386 44,471,834 46,692,132 47,783,293 46,227,952 54,092,051 56,040,334 Total primary government
expenses $ 175,789,179 $ 171,776,271 $ 178,482,780 $ 199,150,044 $ 202,796,281 $ 215,720,006 $ 218,358,788 $ 186,282,508 $ 222,983,613 $ 249,394,140 Notes:
Planning and Development Services were previously reported under Development Services.
Economic Development and Information Technology were previously reported under Executive.
CITY OF VALLEJO
Changes in Net Position
Last Ten Fiscal Years Ended June 30
(accrual basis of accounting)
242
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
PROGRAM REVENUES
Governmental activities:
Charges for services $ 24,461,121 $ 24,632,362 $ 24,510,980 $ 25,711,785 $ 27,555,650 $ 24,139,578 $ 26,076,321 $ 31,125,166 $ 37,537,152 $ 28,867,848 Operating grants and
contributions 26,535,944 26,731,559 27,598,297 30,006,058 38,057,450 38,858,209 45,830,666 36,629,965 40,313,226 54,224,937 Capital grants and
contributions 3,476,887 8,851,629 5,362,544 2,138,551 3,052,819 2,830,049 7,133,919 6,674,419 14,950,923 14,961,198 Total governmental activities
program revenues $ 54,473,952 $ 60,215,550 $ 57,471,821 $ 57,856,394 $ 68,665,919 $ 65,827,836 $ 79,040,906 $ 74,429,550 $ 92,801,301 $ 98,053,983 Business-type activities:
Charges for services $ 39,476,107 $ 37,578,399 $ 37,952,387 $ 45,037,505 $ 47,293,239 $ 50,257,187 $ 55,330,836 $ 57,076,781 $ 57,985,712 $ 62,195,241 Operating grants and
contributions 22,479 25,847 123,279 - 36,642 38,585 59,791 2,045,021 101,602 1,699,600 Capital grants and
contributions 1,197,727 1,383,466 3,374,785 1,018,049 998,762 198,979 389,891 342,192 2,664,229 2,312,606 Total business-type activities
program revenues 40,696,313 38,987,712 41,450,451 46,055,554 48,328,643 50,494,751 55,780,518 59,463,994 60,751,543 66,207,447 Total primary government
program revenues $ 95,170,265 $ 99,203,262 $ 98,922,272 $ 103,911,948 $ 116,994,562 $ 116,322,587 $ 134,821,424 $ 133,893,544 $ 153,552,844 $ 164,261,430
NET REVENUE/(EXPENSE)
Governmental activities $ (79,791,991) $ (71,081,718) $ (79,351,523) $ (97,111,264) $ (89,658,528) $ (103,200,038) $ (91,534,589) $ (65,625,006) $ (76,090,261) $ (95,299,823) Business-type activities (826,923) (1,491,291) (208,985) 1,873,168 3,856,809 3,802,619 7,997,225 13,236,042 6,659,492 10,167,113 Total primary government net
expense $ (80,618,914) $ (72,573,009) $ (79,560,508) $ (95,238,096) $ (85,801,719) $ (99,397,419) $ (83,537,364) $ (52,388,964) $ (69,430,769) $ (85,132,710)
GENERAL REVENUES AND OTHER CHANGES IN NET POSITION
Governmental activities:
Taxes
Property taxes $ 15,694,198 $ 16,956,367 $ 18,234,843 $ 19,379,799 $ 20,822,536 $ 21,837,203 $ 22,475,271 $ 24,355,060 $ 26,739,404 $ 25,588,395 Sales taxes 26,857,325 27,767,194 29,276,208 29,626,711 32,641,720 32,457,314 38,189,547 40,866,872 45,023,671 59,307,883 Utility user taxes 12,627,342 12,994,432 13,339,264 13,107,158 12,338,425 12,329,103 13,005,333 13,322,651 15,583,618 15,413,998 Motor vehicles / In lieu property
tax 8,365,437 8,526,690 9,085,386 9,685,054 10,334,622 10,941,183 11,480,266 11,959,681 13,404,343 13,318,249 Other taxes 10,654,921 12,979,029 14,888,721 15,255,443 15,082,269 15,302,220 15,864,149 16,902,706 15,776,968 14,880,909 Investment earnings 1,376,228 1,765,281 849,111 902,408 4,622,647 5,042,701 1,878,276 (4,859,238) 4,072,749 15,197,409 Gain on sale of capital assets 21,700 173,859 89,852 134,785 69,983 42,934 11,600 (1,232,481) 58,897 46,266 Insurance recoveries 913,838 - - - - - - - - - Miscellaneous 5,364,701 4,868,998 5,604,775 5,241,492 5,562,802 4,113,263 3,546,379 4,468,301 4,081,444 2,956,538
CITY OF VALLEJO
Changes in Net Position (Continued)
Last Ten Fiscal Years Ended June 30
(accrual basis of accounting)
243
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Assets transferred to/liabilities
assumed by Successor Agency 2,458,682 5,293,678 (425,935) - - - - - - - Transfers (2,685,186) (1,728,023) (2,654,217) (2,152,823) (2,036,704) (1,678,302) (342,579) (1,113,531) (1,859,169) (1,870,054) Transfers -Capital assets - - - - - - - - (7,989,578) - Special Item - Sale and Disposal
of Mare Island Property - - - - - - - - (18,300,000) - Total governmental activities $ 81,649,186 $ 89,597,505 $ 88,288,008 $ 91,180,027 $ 99,438,300 $ 100,387,619 $ 106,108,242 $ 104,670,021 $ 96,592,347 $ 144,839,593 Business-type activities:
Investment earnings $ 251,358 $ 413,341 $ 64,737 $ 203,147 $ 1,142,964 $ 1,341,509 $ (18,397) $ (2,504,761) $ 1,733,785 $ 5,255,870 Miscellaneous - - - - - 248,687 42,841 103,812 49,996 - Gain or (Loss) on sales or
transfer of assets - - - - - - (7,943) (3,201,223) 3,381 Insurance recoveries 69,208 - - - - - - - - - Transfers 2,685,186 1,728,023 2,654,217 2,152,823 2,036,704 1,678,302 342,579 1,113,531 1,859,169 1,870,054 Transfers -Capital assets 7,989,578 -
Special Item(s) - see notes - - - (2,832,157) - - - - - - Total business-type activities $ 3,005,752 $ 2,141,364 $ 2,718,954 $ (476,187) $ 3,179,668 $ 3,268,498 $ 359,080 $ (1,287,418) $ 8,431,305 $ 7,129,305 Total primary government $ 84,654,938 $ 91,738,869 $ 91,006,962 $ 90,703,840 $ 102,617,968 $ 103,656,117 $ 106,467,322 $ 103,382,603 $ 105,023,652 $ 151,968,898
CHANGE IN NET POSITION
Governmental activities $ 1,857,195 $ 18,515,787 $ 8,936,485 $ (5,931,237) $ 9,779,772 $ (2,812,419) $ 14,573,653 $ 39,045,015 $ 20,502,086 $ 49,539,770 Business-type activities 2,178,829 650,073 2,509,969 1,396,981 7,036,477 7,071,117 8,356,305 11,948,624 15,090,797 17,296,418 Total primary government $ 4,036,024 $ 19,165,860 $ 11,446,454 $ (4,534,256) $ 16,816,249 $ 4,258,698 $ 22,929,958 $ 50,993,639 $ 35,592,883 $ 66,836,188 Notes: In fiscal year 2018, the City of American Canyon rescinded its decision to exercise an option to purchase additional water capacity rights from the City of Vallejo. A loan in the amount of $2,832,157 (representing prior year revenue) was written off and presented as a special item.
CITY OF VALLEJO
Changes in Net Position (Continued)
Last Ten Fiscal Years Ended June 30
(accrual basis of accounting)
244
Fund Balances of Governmental Funds
Last Ten Fiscal Years Ended June 30
(modified accrual basis of accounting)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General Fund
Nonspendable $ 1,315,114 $ 2,192,050 $ 2,152,578 $ 2,141,630 $ 2,217,139 $ 2,212,889 $ 2,063,422 $ 2,063,533 $ 4,159,093 $ 4,073,587 Restricted 271,572 272,885 320,738 2,269,039 4,550,387 7,137,110 11,272,510 12,874,568 22,558,076 26,873,625 Committed 2,691,002 2,251,472 1,235,078 6,810 6,332 45,321 - - - - Assigned 9,302,184 11,102,326 10,993,484 4,208,034 876,025 943,125 5,365,698 5,021,176 12,823,526 17,988,552 Unassigned 7,976,200 9,929,786 15,679,786 21,235,769 24,508,900 17,982,247 21,682,816 23,172,169 25,038,905 29,981,940 Total General Fund $ 21,556,072 $ 25,748,519 $ 30,381,664 $ 29,861,282 $ 32,158,783 $ 28,320,692 $ 40,384,446 $ 43,131,446 $ 64,579,600 $ 78,917,704 All Other Governmental Funds
Nonspendable $ 102,072 $ 71,236 $ 78,324 $ 67,625 $ 567,625 $ 81,473 $ 64,625 $ 64,625 $ 412,082 $ 599,492 Restricted 55,838,343 58,248,081 60,205,695 61,118,236 66,768,664 72,615,022 83,291,818 86,535,867 93,706,275 99,638,989 Committed 6,028,419 6,806,813 8,924,377 16,777,334 25,300,037 17,885,776 15,588,495 20,637,997 19,920,134 30,047,411 Assigned 5,938,342 5,961,263 4,414,547 4,987,289 4,274,260 2,510,269 4,553,115 3,851,721 4,098,861 3,461,070 Unassigned - - - (9,438) (24,825) (595,122) - - (116,129) (276,216) Total all other governmental
funds $ 67,907,176 $ 71,087,393 $ 73,622,943 $ 82,941,046 $ 96,885,761 $ 92,497,418 $ 103,498,053 $ 111,090,210 $ 118,021,223 $ 133,470,746 Notes:
– The change in total fund balance for the General Fund and other governmental funds is explained in Management's Discussion and Analysis. –
CITY OF VALLEJO
245
Changes in Fund Balances of Governmental Funds
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
REVENUES
Taxes $ 65,751,608 $ 70,410,583 $ 75,422,419 $ 77,629,274 $ 83,042,168 $ 94,720,423 $ 103,134,495 $ 109,686,094 $ 119,206,407 $ 131,600,224 Licenses and permits 3,741,906 4,026,167 4,034,816 3,985,042 4,662,555 3,181,487 3,817,064 5,500,565 9,176,160 5,563,319 Fines and forfeitures 1,876,686 1,878,579 1,605,515 1,706,754 1,580,309 1,132,232 965,979 1,025,271 680,833 899,640 Intergovernmental 41,097,037 45,197,746 43,606,471 42,460,083 50,635,285 39,336,033 50,451,756 44,443,275 56,441,711 64,560,483 Use of money and property 4,556,124 3,696,181 3,378,893 3,090,518 6,401,600 6,591,402 3,764,151 (2,006,546) 5,326,882 12,773,256 Charges for services 18,866,133 19,429,149 20,257,999 21,270,315 21,595,852 18,785,099 19,036,318 20,069,339 20,887,261 21,864,794 *Other 1,320,781 1,426,715 1,004,441 861,713 1,192,467 2,875,861 4,061,972 3,355,783 4,969,131 4,125,202 Total revenues 137,210,275 146,065,120 149,310,554 151,003,699 169,110,236 166,622,537 185,231,735 182,073,781 216,688,385 241,386,918
EXPENDITURES
Current:
Legislative and Advisory 264,854 294,088 298,748 296,548 327,843 282,191 223,806 245,690 321,676 320,378 Executive 3,794,952 2,641,913 2,758,675 2,689,380 4,944,170 4,949,359 4,958,483 4,345,600 3,257,745 3,010,113 Finance 1,636,916 2,102,912 2,047,751 1,806,258 1,706,608 1,559,129 1,593,385 1,821,777 2,196,469 2,388,748 Human resources 1,017,017 1,431,434 1,023,566 1,200,631 1,800,940 1,767,689 1,991,104 1,796,910 1,366,182 1,809,149 Law 692,338 1,133,882 1,272,898 1,272,770 1,464,430 1,240,867 1,203,752 1,699,110 1,910,977 1,579,391 Planning and Development
services 2,755,399 3,047,840 2,955,960 3,191,261 3,919,849 4,201,831 3,887,618 3,632,335 4,896,462 5,727,207 Community Services 26,476,837 26,457,500 26,505,452 28,619,020 34,259,733 30,404,751 33,370,821 29,397,172 28,155,884 27,525,446 Fire services 24,645,684 25,569,791 26,514,402 27,557,155 27,962,324 30,053,612 31,157,788 33,093,529 35,132,720 36,797,895 Police services 36,807,817 39,698,362 41,240,618 42,639,055 43,602,177 47,183,454 50,667,071 48,574,836 50,825,704 55,647,238 Public works 16,976,530 15,123,636 14,870,274 16,658,784 17,050,014 20,944,860 16,057,504 17,593,041 19,515,004 20,836,466 Economic Development - - - - - - - - 3,265,412 9,827,517 Information Technology - - - - - - - - 1,895,377 2,771,867 Nondepartmental 4,118,675 4,552,327 5,879,195 6,170,178 5,329,057 5,169,323 5,873,876 6,776,925 7,152,221 6,542,651 Capital Outlay 12,543,661 14,073,942 11,326,920 5,930,613 10,692,669 24,823,151 20,473,183 15,486,383 25,531,128 35,431,450 Debt service:
Principal long term debt
payments 746,689 927,301 963,929 988,971 1,014,954 1,232,812 2,303,276 2,001,267 3,651,707 1,390,057 Principal - lease payments - - - - - - - 15,181 17,118 58,051 Principal - subscription
payments - - - - - - - - 714,597 495,687
Interest and fiscal charges 358,575 343,902 307,273 282,531 256,548 318,356 261,924 341,337 270,088 221,999 Total expenditures 132,835,944 137,398,830 137,965,661 139,303,155 154,331,316 174,131,385 174,023,591 166,821,093 190,076,471 212,381,310 Excess (deficiency) of
revenues over (under)
expenditures 4,374,331 8,666,290 11,344,893 11,700,544 14,778,920 (7,508,848) 11,208,144 15,252,688 26,611,914 29,005,608
CITY OF VALLEJO
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years Ended June 30
(modified accrual basis of accounting)
246
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
OTHER FINANCING SOURCES (USES)
Issuance of Debt - - - - 1,700,000 1,305,000 - - - - Gain (loss) on sale of assets - 71,185 - - - - - - - - Transfers in 6,363,953 6,021,537 7,296,515 12,306,875 14,715,342 12,153,050 5,557,591 15,131,374 13,224,531 25,869,231 Transfers out (9,549,139) (8,249,560) (10,730,521) (15,209,698) (14,952,046) (14,181,352) (6,150,170) (20,044,905) (15,052,581) (28,721,626) Proceeds from sale of capital
asset - - - - - - - - 3,000,000
Issuance of debt - Leases - - - - - - - - 18,838 3,592,621 Issuance of debt -
Subscriptions - - - - - - - - 641,797 41,793
Capital Leases** - - - - - 5,716 4,197,652 - - - Total other financing
sources (uses) (3,185,186) (2,156,838) (3,434,006) (2,902,823) 1,463,296 (717,586) 3,605,073 (4,913,531) 1,832,585 782,019 Extraordinary/Special Item:
Assets transferred to/liabilities
assumed by Successor
Agency/Housing Successor 3,781,351 863,212 (871,177) - - - - - - - Net change in fund balances 4,970,496 7,372,664 7,039,710 8,797,721 16,242,216 (8,226,434) 14,813,217 10,339,157 28,444,499 29,787,627 Beginning fund balance 84,492,752 89,463,248 96,835,912 104,004,607 112,802,328 129,044,544 120,818,110 143,882,499 154,221,656 182,600,823 Prior period adjustments - - 128,985 - - - 8,251,172 - (65,332) - Ending fund balance $ 89,463,248 $ 96,835,912 $ 104,004,607 $ 112,802,328 $ 129,044,544 $ 120,818,110 $ 143,882,499 $ 154,221,656 $ 182,600,823 $ 212,388,450 Notes:
– Planning and Development Services were previously reported under Development Services. * Contributions included into "other" Revenue
** Starting FY19/20 Capital Leases were added
CITY OF VALLEJO
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years Ended June 30
(modified accrual basis of accounting)
247
Revenue Capacity Information
248
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years Ending June 30
(accrual basis of accounting)
City Former Agency / Successor Agency to Redevelopment Agency 1 Fiscal
Year
Ended
June 30 Secured Unsecured
Nonunitary
Utilities
Less:
Exemptions
Taxable
Assessed Value Secured Unsecured
Nonunitary
Utilities
Less:
Exemptions
Taxable
Assessed Value
Total
Direct Tax
Rate
2015 8,790,923,985 215,615,952 113,370 (990,126,778) 8,016,526,529 343,524,473 52,435,017 132,592 (55,876,943) 340,215,139 0.24622% 2016 9,367,567,455 208,385,912 113,370 (1,014,346,016) 8,561,720,721 361,136,586 54,225,181 132,592 (51,564,900) 363,929,459 0.24622% 2017 9,898,936,162 254,304,736 139,100 (1,026,877,027) 9,126,502,971 381,547,374 60,418,999 132,692 (58,114,553) 383,984,512 0.24622% 2018 10,530,383,770 232,725,017 139,100 (1,044,877,040) 9,718,370,847 412,347,893 63,744,878 132,692 (56,382,967) 419,842,496 0.24622% 2019 11,258,416,141 193,941,296 139,100 (1,101,049,849) 10,351,446,688 439,241,925 80,832,402 132,692 (57,556,407) 462,650,612 0.24622% 2020 11,888,434,861 200,094,718 139,100 (1,121,127,644) 10,967,541,035 461,080,073 76,572,581 132,692 (52,714,453) 485,070,893 0.24622% 2021 12,423,851,007 214,557,968 187,130 (1,110,557,076) 11,528,039,029 467,285,691 74,820,597 298,432 (53,022,065) 489,382,655 0.24622% 2022 12,908,222,920 225,016,791 187,130 (1,103,212,414) 12,030,214,427 513,653,354 76,668,518 298,432 (101,566,165) 489,054,139 0.24622% 2023 13,630,391,870 237,924,316 187,130 (1,121,607,752) 12,746,895,564 532,675,863 95,132,344 298,432 (103,718,118) 524,388,521 0.24622% 2024 14,260,989,528 255,566,893 187,130 (1,171,899,044) 13,344,844,507 546,703,458 100,625,346 298,432 (93,396,554) 554,230,682 0.24622% Notes:
1. The Redevelopment Agency, once a blended component unit of the City, was dissolved as of February 1, 2012.
The Redevelopment Successor Agency financial transactions are reported as a fiduciary fund.
Sources:
– HDL Property Report
CITY OF VALLEJO
249
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years Ended June 30
(Rate per $100 of assessed value)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
City Direct Rates:
City basic rate 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 Total City Direct Rate 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 0.24622 Overlapping Rates:
Acc Capital Outlay 0.00807 0.00807 0.00807 0.00807 0.00807 0.00807 0.00807 0.00807 0.00807 0.00807 Aviation 0.00119 0.00119 0.00119 0.00119 0.00119 0.00119 0.00119 0.00119 0.00119 0.00119 BAAQMD 0.00219 0.00219 0.00219 0.00219 0.00219 0.00219 0.00219 0.00219 0.00219 0.00219 County Free Library 0.02743 0.02743 0.02743 0.02743 0.02743 0.02743 0.02743 0.02743 0.02743 0.02743 County General 0.31331 0.31331 0.31331 0.31331 0.31331 0.31331 0.31331 0.31331 0.31331 0.31331 County School Service Fund Support 0.01134 0.01134 0.01134 0.01134 0.01134 0.01134 0.01134 0.01134 0.01134 0.01134 County Support-Board of Education 0.00334 0.00334 0.00334 0.00334 0.00334 0.00334 0.00334 0.00334 0.00334 0.00334 Development Center 0.00217 0.00217 0.00217 0.00217 0.00217 0.00217 0.00217 0.00217 0.00217 0.00217 GVRD 0.06490 0.06490 0.06490 0.06490 0.06490 0.06490 0.06490 0.06490 0.06490 0.06490 Library Special Tax Zone 7 0.01365 0.01365 0.01365 0.01365 0.01365 0.01365 0.01365 0.01365 0.01365 0.01365 Mosquito Abatement 0.00587 0.00587 0.00587 0.00587 0.00587 0.00587 0.00587 0.00587 0.00587 0.00587 Recreation 0.00203 0.00203 0.00203 0.00203 0.00203 0.00203 0.00203 0.00203 0.00203 0.00203 Solano Community College M&O 0.02758 0.02758 0.02758 0.02758 0.02758 0.02758 0.02758 0.02758 0.02758 0.02758 Solano County Water Agency 0.01527 0.01527 0.01527 0.01527 0.01527 0.01527 0.01527 0.01527 0.01527 0.01527 Vallejo Unified School District M&O 0.24069 0.24069 0.24069 0.24069 0.24069 0.24069 0.24069 0.24069 0.24069 0.24069 Vallejo Flood & Wastewater Dis 0.01474 0.01474 0.01474 0.01474 0.01474 0.01474 0.01474 0.01474 0.01474 0.01474 Total Prop. 13 Direct Rate 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 SC Fld State Wtr Pj Zone Ben #1 0.02000 0.02000 0.02000 0.02000 0.02000 0.02000 0.02000 0.02000 0.02000 0.02000 Vallejo U.S.D GOB 2018 Ser 2023 - - - - - - - - - 0.03727 Vallejo U.S.D GOB 2018 Ser 2019 - - - - - 0.05337 0.05461 0.00763 0.00514 0.00513 SCC GOB 2012 Series D - - - - - - 0.00498 0.00452 0.00428 0.00063 Vallejo U.S.D GOB 2018 Ser 2021 - - - - - - - 0.04437 0.04223 0.00538 SCC GOB 2012 Series E - - - - - - - - 0.00028 0.00360 SCC 2021 GO Refunding Bonds 0.00683
SCC 2019 GO Refunding Bonds - - - - - - 0.00636 0.00589 0.00529 0.00523 SCC 2012 GOB Series F - - - - - - - - - 0.00123 Vallejo U.S.D. 2002-A GOB Refunding 0.06358 0.06144 0.06092 0.05450 0.05345 0.05179 0.05142 0.02366 0.03924 0.00309 Vallejo U.S.D. Measure A 2002 0.00853 0.00730 0.00660 - - - - - - - SCC GOB Series 2005-A 0.01299 - - - - - - - - - Vallejo U.S.D. Measure A 2004 0.01086 0.01007 0.00943 - - - - - - - Vallejo U.S.D. Measure A - 2006 0.00588 0.00544 0.00519 - - - - - - - SCC GOB Series 2003-A - - - - - - 0.00700 0.00951 - - SCC 2015 GO Refunding Bonds 0.00208 0.00178 0.00086 0.00082 0.00070 0.00073 0.00069 0.00067 0.00040 0.01390 SCC GOB 2012 Series A 0.01337 0.01232 0.01297 0.00487 0.00499 0.00512 - 0.00061 0.00082 0.00117 SCC GOB 2012 Series B 0.00387 0.00326 0.00337 0.00293 0.00322 0.00314 0.00155 - 0.00070 - SCC GOB 2014 Ref Series A 0.00131 0.00148 0.00218 0.00176 0.00163 0.00147 0.00062 0.00063 0.01445 - SCC GOB 2014 Ref Series B 0.00309 0.01607 0.01566 0.01405 0.01383 0.01347 0.00463 0.00540 - - SCC GOB 2012 Series C - - - - 0.01451 0.00812 0.00583 0.00590 - 0.00012 Vallejo USD 2017 GOB Refunding - - - 0.01453 0.01687 0.01624 0.01589 0.01472 0.01236 0.01016 Total Voter Approved Rate 0.14556 0.13916 0.13718 0.11346 0.12920 0.17345 0.17358 0.14351 0.14519 0.11374 Total Direct Rate 1.1456 % 1.1392 % 1.1372 % 1.1135 % 1.1292 % 1.1735 % 1.1736 % 1.1435 % 1.1452 % 1.1137 % Source:
– Solano County Auditor-Controller's Office
CITY OF VALLEJO
250
Top 10 Principal Property Tax Payers
Current Year and Nine Years Ago
2024 2015
Taxpayer
Taxable Assessed
Value
Percent of Total
City Taxable
Assessed Value
Taxable Assessed
Value
Percent of Total
City Taxable
Assessed Value
The Nimitz Group $ 99,336,223 0.71 %
Park Management Corporation 96,054,904 0.69 % 76,012,183 0.87 % Centro Watt Property Owner Ii 91,563,906 0.66 % 98,669,562 1.13 % Wrpv Xiii Bv Vallejo Llc 69,244,548 0.50 %
Prime Ascot Lp 67,408,591 0.48 % 57,333,294 0.66 %
Invitation Homes Inc 58,000,936 0.42 %
Colony Starwood Homes 50,026,209 0.36 %
Bridge Wf Ii California Meritage Llc 46,486,078 0.33 % Longshore Cove Lp 46,171,724 0.33 %
Sundance-Vallejo 40,062,008 0.29 % 33,847,969 0.39 % Lennar Mare Island Llc 48,453,703 0.56 %
Kw Wdc Vallejo Llc 26,111,851 0.30 %
Mg Sterling Vill Apartments Gwp Lp 26,043,302 0.30 %
Ogino Llc 25,817,571 0.30 %
Lowe'S 21,596,575 0.25 %
Meyer Cookware Corporation 19,921,930 0.23 %
Top Ten Totals $664,355,127 4.78 % $433,807,940 4.99 % Note:
– The amounts shown above include assessed value data for both the City and the Successor Agency to the Redevelopment Agency.
Source:
– County Assessor's Office - HDL Report
CITY OF VALLEJO
251
Property Tax Levies and Collections
Last Ten Fiscal Years
Collected within the
Fiscal Taxes Levied Fiscal Year of Levy Collections in Total Collections to Date Year Ended for the Percent Subsequent Percent
June 30 Fiscal Year Amount of Levy Years Amount of Levy 2015 15,455,643 15,302,850 99.01% not available not available n.a. 2016 16,777,951 16,639,813 99.18% not available not available n.a. 2017 17,871,269 17,701,555 99.05% not available not available n.a. 2018 18,973,138 18,802,785 99.10% not available not available n.a. 2019 20,452,300 20,208,077 98.81% not available not available n.a. 2020 21,358,167 21,153,216 99.04% not available not available n.a. 2021 21,982,450 21,758,623 98.98% not available not available n.a. 2022 23,463,126 23,264,974 99.16% not available not available n.a. 2023 25,011,207 24,727,979 98.87% not available not available n.a. 2024 24,668,088 24,463,559 99.17% not available not available n.a.
Note:
– The amounts presented include only City property taxes (excluding Successor Redevelopment Agency tax increment).
Source:
– Solano County Auditor-Controller's Office
CITY OF VALLEJO
252
Taxable Sales by Category
State Board of Equalization Major Business
Categories
Calendar Yr
2014 Totals
Calendar Yr
2015 Totals
Calendar Yr
2016 Totals
Calendar Yr
2017 Totals
Calendar Yr
2018 Totals
Calendar Yr
2019 Totals
Calendar Yr
2020 Totals
Calendar Yr
2021 Totals
Calendar Yr
2022 Totals
Calendar Yr
2023 Totals
YTD %
change
Prior YR
Retail Group
Apparel Stores $ 729,060 $ 774,468 $ 824,990 $ 885,616 $ 923,646 $ 981,231 $ 969,422 $ 1,341,277 $ 1,191,788 $ 1,827,173 53 % Auto Dealers and Supplies 5,141,839 5,689,553 6,015,344 5,854,553 5,592,440 5,570,340 5,334,893 8,035,777 7,039,442 10,067,018 43 % Building Materials 1,720,598 1,872,305 2,029,294 2,201,144 2,384,933 2,468,316 2,825,670 3,033,066 3,047,694 3,987,643 31 % Drug Stores 471,278 496,641 707,335 778,821 835,848 976,190 1,145,603 1,190,678 964,339 1,221,537 27 % Eating and Drinking Places 2,665,448 2,906,373 3,186,830 3,365,913 3,499,200 3,937,422 3,518,029 4,428,151 4,643,114 6,282,664 35 % Food Stores 1,209,115 1,291,787 1,119,244 1,078,298 1,050,666 1,089,395 1,151,043 1,173,190 1,236,517 1,702,127 38 % Furniture and Appliances 1,466,057 1,495,456 1,522,174 1,563,646 1,564,041 1,581,365 1,586,826 1,744,216 1,544,528 1,919,778 24 % General Merchandise 3,142,565 3,157,454 3,124,309 3,444,165 3,780,355 4,082,252 4,776,231 5,568,587 6,094,325 8,485,973 39 % Other Retail Stores 1,305,731 1,314,263 1,455,179 1,352,784 1,304,694 1,290,973 1,297,806 1,597,023 1,518,617 2,025,269 33 % Packaged Liquor 209,710 239,682 456,275 499,274 502,401 544,262 636,266 738,145 785,256 1,016,759 29 % Service Stations 3,384,436 2,761,900 2,555,727 2,925,225 3,305,884 3,537,746 2,824,550 3,556,313 4,171,878 4,923,632 18 % Total Retail Group 21,445,837 21,999,882 22,996,701 23,949,439 24,744,108 26,059,492 26,066,339 32,406,423 32,237,498 43,459,573 35 % Non-Store & Part Time Retailers 46,717 51,216 51,364 57,387 65,079 72,385 43,380 41,685 39,729 40,025 1 % Business, Service & Repair Group 1,722,581 1,877,718 2,014,404 1,965,010 2,048,538 2,143,654 1,487,431 2,117,294 2,147,525 3,417,433 59 % Manufacturer & Wholesaler Group
Contractions & Material 361,198 357,650 401,239 504,756 606,858 492,097 638,533 647,562 835,721 870,114 4 % Drugs & Chemical 56,577 139,697 69,264 73,008 93,809 80,769 86,075 69,651 99,077 117,187 18 % Food/Farm Products & Equip 55,199 35,418 46,837 48,721 68,149 77,273 87,113 96,382 116,871 188,542 61 % Furniture & Textiles 19,400 18,527 20,396 27,061 35,012 32,599 37,187 45,471 46,386 105,843 128 % Heavy Industrial Equipment 246,794 213,383 265,169 349,111 253,455 330,851 270,402 318,227 411,466 391,174 -5 % Industrial Equipment 316,909 370,663 288,567 271,420 282,459 344,467 312,638 358,013 427,423 657,723 54 % All Other Equipment 404,424 487,063 494,907 422,262 450,338 695,113 810,601 409,065 462,694 759,605 64 % Total Mfg & Wholesale Group 1,460,501 1,622,401 1,586,379 1,696,339 1,790,080 2,053,169 2,242,549 1,944,371 2,399,638 3,090,188 29 % State Adjustments & Transfers 3,205 (10,290) 10,508 (2,910) 16,390 463,520 144,416 183,921 215,008 436,133 103 % Total Sales All Outlets 24,678,841 25,540,927 26,659,356 27,665,265 28,664,196 30,792,220 29,984,115 36,693,694 37,039,398 50,443,352 36 % Retail Group 21,445,837 21,999,882 22,996,701 23,949,439 24,744,108 26,059,492 26,066,339 32,406,423 32,237,498 43,459,573 35 % Non-Store & Part Time Retailers 46,717 51,216 51,364 57,387 65,079 72,385 43,380 41,685 39,729 40,025 1 % Business, Service & Repair Group 1,722,581 1,877,718 2,014,404 1,965,010 2,048,538 2,143,654 1,487,431 2,117,294 2,147,525 3,417,433 59 % Manufacturer & Wholesaler Group 1,460,501 1,622,401 1,586,379 1,696,339 1,790,080 2,053,169 2,242,549 1,944,371 2,399,638 3,090,188 29 % State Adjustments & Transfers 3,205 (10,290) 10,508 (2,910) 16,390 463,520 144,416 183,921 215,008 436,133 103 % Total Point of Sale 24,678,841 25,540,927 26,659,356 27,665,265 0 28,664,195 30,792,220 29,984,115 36,693,694 37,039,398 50,443,352 36 % County Pool 1,475,021 1,634,979 1,738,288 1,833,341 0 1,959,479 2,353,241 3,107,692 3,324,106 3,253,404 3,205,681 -1 % State Pool 10,111 10,358 3,648 5,805 0 7,274 6,567 11,053 (177) 6,994 8,864 27 % Sales Tax Receipts 13,128,117 13,546,345 14,056,183 14,593,221 0 15,065,837 16,185,123 15,599,326 18,924,199 19,050,851 19,592,689 3 % Transaction & Use Tax (MEASURE B) 13,035,854 13,639,919 14,345,109 14,911,190 0 15,565,111 16,966,905 17,503,534 21,093,424 21,248,945 20,661,080 -3 % Transaction & Use Tax (MEASURE P) - - - - - - - - - 13,404,128 100 % Total Receipts $ 26,163,971 $ 27,186,264 $ 28,401,292 $ 29,504,411 0 $ 30,630,948 $ 33,152,028 $ 33,102,860 $ 40,017,623 $ 40,299,796 $ 53,657,897 33 % Source:
– Solano County Auditor-Controller's Office
CITY OF VALLEJO
Taxable Sales by Category
Last Ten Calendar Years
253
CITY OF VALLEJO
Top 25 Principal Sales Tax Payers
CALENDAR YEARS 2023 and 2013
IN ALPHABETICAL ORDER
2023 2013
Arco AM PM Au Energy Shell Station
Au Energy Shell Station Avery Greene Honda
Autolinx Best Buy
Avery Greene Honda Bonfare Market
Best Buy Chevron
Chick Fil A Costco
Costco Wholesale Home Depot
Home Depot Kohls
Kohls Lowes
Lowes Marshalls
Marshalls McDonalds
McDonald's Momentum Chrysler/Dodge/Jeep/Kia
Ross N & M Market
Safeway Ross
Safeway Fuel Safeway
Six Flags Discovery Kingdom Safeway Fuel
Target Shell
Team Chevrolet Cadillac Mazda Hyundai Six Flags Discovery Kingdom Tesla Target
Texaco Power Market Team Chevrolet Cadillac Hyundai Mazda Toyota Vallejo Toyota Vallejo
Tributary Point Arco Tributary Point Arco
Vallejo Hyundai Valero
Vallejo Nissan Vallejo Nissan
Walmart Neighborhood Market XKT/Nesco Fabricators
Source: HDL Report
254
Debt Capacity Information
255
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
Fiscal Year Loans & Total
Ended Lease Subscription Certificates of Notes Financed Governmental June 30 Payables 4 Payables5 Participation Payable Purchase Activities 2015 $ - $ - $ 3,584,575 $ 14,455,264 $ 608,784 $ 18,648,623 2016 - - 3,420,210 13,936,400 507,320 17,863,930
2017 - - 3,233,951 13,445,922 405,856 17,085,729
2018 - - 3,037,671 12,898,459 304,392 16,240,522
2019 - - 2,830,831 14,036,129 202,928 17,069,888
2020 - - 2,612,865 14,527,540 106,465 17,246,870
2021 - - 2,383,175 13,699,042 3,157,618 19,239,835 2022 26,411 - 2,141,129 12,813,429 2,181,873 17,162,842 2023 28,131 1,836,710 1,926,517 14,894,340 1,762,356 20,448,054 2024 3,586,171 504,039 1,701,517 13,656,906 1,334,575 20,783,208 Business-type Activities 3
Loans & Total Total Percentage Debt
Revenue Lease Subscription Certificates of Notes Financed Business-type Primary of Personal Per Bonds Payables 4 Payables5 Participation Payable Purchase Activities Government Income 2 Capita 2 $ 51,560,639 $ - $ - $ - $ 24,252,560 $ - $ 75,813,199 $ 94,461,822 3.04 % 789 49,201,649 - - - 23,254,939 - 72,456,588 90,320,518 2.97 % 770 46,737,658 - - - 22,229,772 - 68,967,430 86,053,159 2.51 % 728 44,153,668 - - - 21,179,459 - 65,333,127 81,573,649 2.55 % 684 41,449,678 - - - 20,101,727 - 61,551,405 78,621,293 2.32 % 658 35,222,600 - - - 18,842,322 634,937 54,699,859 71,946,729 2.02 % 604 83,522,966 - - - 18,125,983 478,282 102,127,231 121,367,066 3.30 % 1,030 78,938,468 229,001 - - 17,390,068 - 96,557,537 113,720,379 2.81 % 923 74,203,970 123,062 118,636 - 16,634,055 - 91,079,723 111,527,777 2.50 % 917 69,384,473 36,744 282,832 - 15,857,414 - 85,561,463 106,344,671 2.14 % 875 Notes:
– Details regarding the City's outstanding debt can be found in the notes to the financial statements.
1. No longer reported under governmental activities as the result of the dissolution of the Redevelopment Agency as of February 1, 2012. The Redevelopment Agency was once a blended component unit of the City. The Redevelopment Successor Agency financial transactions are reported in a separate trust fund.
2. These ratios are calculated using personal income and population for the current calendar year.
3. Effective fiscal year 2013 and beyond, the presentation of some financial data has changed to reflect the effects of the implementation of GASB 61 which eliminated the inclusion of the Vallejo Sanitation & Flood Control District (now Vallejo Flood & Wastewater District) as part of the primary government. This results in the financial activities of the VFWD being discretely presented in the Component Unit column of the Statement of Net Position and the Statement of Activities.
4. Effective fiscal year 2022, the City adopted GASB statement No. 87
5. Effective fiscal year 2023, the City adopted GASB statement No. 96
CITY OF VALLEJO
256
Direct and Overlapping Debt
June 30, 2024
FY 2023-24 Assessed Valuation Citywide Total 13,899,075,189 Successor Agency Incremental Valuation (554,230,682)
FY 2023-24 Adjusted City-Only Assessed Valuation $ 13,344,844,507 Percentage Applicable 1 Total Outstanding Debt 6/30/24
City's Estimated Share of
Overlapping Total Outstanding
Debt 6/30/24
Overlapping Tax and Assessment Debt:
Solano County Community College District 20.375% $ 360,265,887 $ 73,404,174 Vallejo Unified School District 97.882% 141,690,000 138,689,006 Vallejo Unified School District CFD No. 2 100.000% 5,301,801 5,301,801 City of Vallejo Hiddenbrooke Improvement District No. 1998-1 100.000% 6,705,000 6,705,000 City of Vallejo 1915 Act Bonds 100.000% 3,885,000 3,885,000 Total overlapping debt repaid with property taxes 517,847,688 227,984,981 Direct and Overlapping Debt:
Solano County General Fund Obligations 19.830% 69,125,000 13,707,488 Solano County Pension Obligation Bonds 19.830% 4,870,000 965,721 Vallejo Unified School District General Fund Obligations 97.882% 4,335,908 4,244,073 City of Vallejo Governmental Obligations 100.000% 20,783,208 20,783,208 Greater Valley Recreation District Pension Obligation Bonds 97.882% 3,778,000 3,697,982 Total Direct and Overlapping Debt 102,892,116 43,398,472 Overlapping Tax Increment Debt (Successor Agency): 100.000% $ 1,955,000 1,955,000 Total City Direct Debt 20,783,208
Total overlapping debt² $ 252,555,245
Combined Total Debt $ 273,338,453
Notes:
– The percentage of overlapping debt applicable to the City is estimated using taxable assessed property values. – Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value. – Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City.
This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.
– Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
Ratios to 2023-24 Assessed Valuation:
Total Overlapping Tax and Assessment Debt 1.64%
Total Direct Debt ($20,783,208) 0.15%
Combined Total Debt 1.97%
Ratios to Redevelopment Successor Agency Incremental Value:
Total Overlapping Tax Increment Debt 0.35%
Source:
– California Municipal Statistics, Inc.
CITY OF VALLEJO
257
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year Ended June 30
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Assessed valuation 8,016,526,529 8,561,720,721 9,126,502,971 9,718,370,847 10,351,446,688 10,967,541,035 11,528,039,029 12,030,214,427 12,746,895,564 $ 13,344,844,507 Conversion percentage 25 % 25 % 25 % 25 % 25 % 25 % 25 % 25 % 25 % 25 % Adjusted assessed
valuation 2,004,131,632 2,140,430,180 2,281,625,743 2,429,592,712 2,587,861,672 2,741,885,259 2,882,009,757 3,007,553,607 3,186,723,891 3,336,211,127 Debt limit percentage 15 % 15 % 15 % 15 % 15 % 15 % 15 % 15 % 15 % 15 % Debt limit $300,619,745 $321,064,527 $342,243,861 $364,438,907 $388,179,251 $411,282,789 $432,301,464 $451,133,041 $478,008,584 $500,431,669 Legal debt margin $ 300,619,745 $ 321,064,527 $ 342,243,861 $ 364,438,907 $ 388,179,251 $ 411,282,789 $ 432,301,464 $ 451,133,041 $ 478,008,584 $ 500,431,669 Total debt applicable to
the limit as a
percentage of debt limit
1 — % — % — % — % — % — % — % — % — % — %
Notes
– The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.
Source:
– City Finance Department
– County Tax Assessor's Office
– Section 43605 of the California Government Code for General Obligation bonds.
CITY OF VALLEJO
258
Pledged Revenue Coverage
Water Revenue Bonds (a)
Fiscal Year Ended
June 30
Gross Water
Revenues (a) Less Expenses ( b)
Net Available
Revenues
Total Debt Service
(c)
City system
Coverage
2014 $39,167,233 $25,860,570 $13,306,663 $4,672,819 2.85 2015 35,309,850 27,107,002 8,202,848 5,165,995 1.59 2016 36,286,112 26,855,253 9,430,859 5,165,821 1.83 2017 36,716,327 27,718,056 8,998,271 5,164,849 1.74 2018 41,027,396 29,860,024 11,167,372 5,167,149 2.16 2019 43,637,679 30,069,713 13,567,966 5,165,149 2.63 2020 46,394,649 30,988,285 15,406,364 5,106,243 3.02 2021 49,665,529 33,747,238 15,918,291 4,369,815 3.64 2022 48,298,555 31,440,778 16,857,777 6,516,504 2.59 2023 55,786,501 40,158,687 15,627,814 6,510,647 2.40 2024 62,868,301 39,788,032 23,080,269 6,487,079 3.56 Notes:
a) Includes operating revenues, investment earnings, and contributions. b) Excludes depreciation and debt service payments.
c) Details regarding the city's outstanding debt can be found in the notes to the financial statements.
Data source:
City of Vallejo Annual Comprehensive Financial Report - Debt Service Schedules
CITY OF VALLEJO
Pledged Revenue Coverage
Last Ten Fiscal Years
259
Wastewater
Debt Service (Principal and Interest)
Fiscal
Year
Ended
June 30
Pledged
Revenue
Less
Operating
Expenses
Net
Available
Revenues
2024 Rev
Bonds
2014 Rev
Bonds
2014 Rev
Bonds
2014 Rev
Bonds
2014 Rev
Bonds
2008 State
Fund Loan 2006 COP
2004 State
Fund Loan 1993 COP Total
Coverage
Ratio
2014 $ 28,108,940 $ 18,005,941 $ 10,102,999 $ - $ 82,728 $ 82,728 $ 82,728 $ 82,728 $ 315,062 $ 2,231,956 $ 904,119 $ 2,743,844 $ 6,605,402 1.53 2015 28,790,606 17,893,442 10,897,164 - 2,318,519 2,318,519 2,318,519 2,318,519 317,449 - 907,072 2,721,750 6,596,416 1.65 2016 29,512,834 19,213,676 10,299,158 - 2,314,475 2,314,475 2,314,475 2,314,475 317,450 - 907,072 2,661,500 6,524,971 1.58 2017 28,503,418 19,478,930 9,024,488 - 2,311,475 2,311,475 2,311,475 2,311,475 317,450 - 907,072 2,657,500 6,519,572 1.38 2018 27,615,956 19,402,604 8,213,352 - 2,312,275 2,312,275 2,312,275 2,312,275 317,449 - 907,072 2,652,750 6,516,221 1.26 2019 32,328,384 20,696,633 11,631,751 - 2,311,675 2,311,675 2,311,675 2,311,675 317,450 - 907,072 2,709,875 6,574,147 1.77 2020 34,341,064 25,108,887 9,232,177 - 2,310,425 2,310,425 2,310,425 2,310,425 317,450 - 907,072 - 3,863,422 2.39 2021 37,279,831 24,726,106 12,553,725 - 2,311,925 2,311,925 2,311,925 2,311,925 317,450 - 907,072 - 3,864,922 3.25 2022 39,749,686 32,595,628 7,154,058 - 2,310,925 2,310,925 2,310,925 2,310,925 317,450 - 907,072 - 3,863,197 1.85 2023 42,220,985 25,203,099 17,017,886 - 2,307,425 2,307,425 2,307,425 2,307,425 317,450 - - - 2,949,125 5.77 2024 47,866,518 30,634,435 17,232,083 1,963,378 565,712 565,712 565,712 565,712 317,450 - - - 2,861,665 6.02 Data source:
Vallejo Sanitation and Flood Control District (now Vallejo Flood and Wastewater District) - Annual Comprehensive Financial Report
CITY OF VALLEJO
Pledged Revenue Coverage
Last Ten Fiscal Years
260
Tax Allocation Bonds
Former Agency / Successor Agency (a)
Debt Service ( b )
Fiscal Year Ended
June 30 Tax Increment/ ROPS Principal Interest Coverage 2015 $ 1,853,280 $ 630,000 $ 551,220 156.90 %
2016 2,511,979 685,000 502,633 211.51 %
2017 1,148,081 750,000 449,703 95.70 %
2018 1,707,215 820,000 391,660 140.90 %
2019 1,294,173 895,000 328,143 105.81 %
2020 1,806,543 650,000 241,975 202.53 %
2021 1,134,651 695,000 202,088 126.48 %
2022 1,072,727 240,000 177,400 257.00 %
2023 1,061,057 255,000 159,813 255.79 %
2024 1,047,996 180,000 145,900 321.57 %
Notes
a. The Redevelopment Agency, once a blended component unit of the City, was dissolved as of February 1, 2012. The Redevelopment Successor Agency financial transactions are reported in a separate as a fiduciary fund. b. Details regarding the city's outstanding debt can be found in the notes to the financial statements.
Source
– City of Vallejo Annual Comprehensive Financial Report - Debt Service Schedules
CITY OF VALLEJO
Pledged Revenue Coverage
Last Ten Fiscal Years
261
Demographic and Economic Information
262
Demographic and Economic Statistics
Last Ten Calendar Years
Calendar Year
Population
(1)
Personal Income (in
thousands)
(2)
Per Capita Personal
Income
(2)
Unemployment
Rate*
(3)
2015 119,683 $ 3,111,279 $ 25,996 8.3 %
2016 117,322 3,043,919 25,945 5.6 %
2017 118,280 3,421,840 28,930 5.1 %
2018 119,252 3,199,293 26,828 4.4%*
2019 119,544 3,391,224 28,368 4.4 %
2020 119,063 3,558,198 29,885 11.3%
2021 117,846 3,680,331 31,230 8.9 %
2022 123,190 4,043,835 32,826 4.9 %
2023 121,658 4,464,240 36,695 5.0 %
2024 121,558 4,965,037 40,845 5.8 %
Notes
– Starting in 2018, the unemployment rate reported is the average of the Vallejo City unemployment rate for the first 9 months of the calendar year. In previous years, the unemployment rate in this table was determined by averaging the Vallejo-Fairfield MSA monthly figures.
Sources
a. State Department of Finance (revised)
b. U.S. Bureau of Economic Analysis (2007 to 2012); U.S. Census Bureau (2013 and forward) c. State of California Employment Development Department (data shown is for the City)
CITY OF VALLEJO
263
Top 10 Principal Employers
Current Year and Nine Years Ago
2024 2015
Percent of Percent of
Number of Total Number of Total
Employer Employees Employment Employees Employment
Kaiser Permanente Medical Center*** 4,503 8.17% 3,906 7.22% Six Flags Discovery Kingdom 1,300 2.36% 1,600 2.96%
Vallejo Unified School District 1,196 2.17% 1,184 2.19% Sutter Solano Medical Center* 656 1.19% 690 1.28%
City of Vallejo** 538 0.98% 537 0.99%
Touro University California 330 0.60% 385 0.71%
Safeway (3 Locations) 312 0.57% N/A N/A
California Maritime Academy 307 0.56% 325 0.60%
Costco Wholesales 245 0.44% N/A N/A
Windsor Vallejo Care Center 213 0.39% N/A N/A
Kaiser Permanente Call Center N/A N/A 950 1.76%
CA Highway Patrol, Regional Off N/A N/A 400 0.74%
U.S.D.A Forest Service N/A N/A 298 0.55%
Notes
* Total Employment" as used above represents the total employment of all employers located within City limits. ** Includes full and part time employees.
*** Includes call center. Physicians data is unavailable and not included in the count.
Source
– MuniServices LLC / and Avenue Insights & Analytics Company
CITY OF VALLEJO
264
Full-time and Part-time City Employees by Function
Last Ten Fiscal Years
Full-Time and Part-Time Employees as of June 30
Function 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 General government 61.00 65.60 61.00 60.50 63.50 80.00 90.00 90.00 92.00 97.50 99.50 Public safety 236.00 242.00 244.00 257.00 258.00 259.00 283.00 295.00 310.00 298.00 297.00 Public works 68.00 68.00 71.00 72.50 71.50 73.00 73.50 73.50 74.00 73.50 73.50 Mare Island Coop/CFD 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 Housing 15.00 14.00 14.00 15.00 15.00 17.00 15.00 15.00 15.00 15.00 16.00 Solid Waste Disp - - - - - - - - - - -
Landscape District 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 Water 104.00 106.00 106.00 106.00 108.00 114.00 118.50 124.50 138.00 140.00 139.00 Transportation - - - - - - - - - - -
Marina 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 - - - Corp Yard 7.00 7.00 7.00 7.00 7.00 7.00 8.00 8.00 8.00 9.00 9.00 Fiber - - - 1.00 1.00 - - - - - -
Parking Structure 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 - - Total 522.8 537.4 538.0 558.5 565.5 587.0 629.0 647.0 681.0 680.0 681.0 Note
– Starting FY 17/18, using amended FTE numbers as of year end instead of adopted FTE from beginning of year.
Source
– City of Vallejo Proposed Budget
CITY OF VALLEJO
265
Operating Information
266
Operating Indicators
by Function
Last Ten Fiscal Years
Fiscal Year Ended June 30
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police:
Arrests 4,182 4,103 3,775 2,679 2,178 2,377 2,321 1,593 1,570 1,764 Parking citations issued 3,679 3,131 2,984 5,074 10,749 1,940 955 524 189 110 Fire:
Number of emergency calls 14,339 14,307 14,389 14,866 13,942 14,238 15,059 17,280 17,781 18,557 Inspections (Fire Prevention) 3,242 2,372 2,417 2,352 1,500 3,127 2,421 2,417 2,282 2,768 Public works:
Street resurfacing (lane miles) 9.0 3.87 7.00 1.3 42.50 2.00 2.00 5.80 2.00 1.16 Water:
New connections 45 66 63 48 70 28 45 73 77 99
Average daily consumption 15,637 14,216 14,801 15,761 15,630 16,334 16,609 15,529 14,831 15,121 (thousands of gallons)
Planning and Development Services:
Building permits 2,816 3,244 3,221 3,369 3,163 2,918 4,249 3,928 4,062 3,997 Inspections (Code Enforcement)1 9,055 11,334 11,822 11,125 6,507 8,025 6,589 3,991 3,047 6,580 Community Services:
Housing Rental units2 2,306 2,333 2,333 2,333 2,333 2,348 2,348 2,348 2,348 2,358 Housing Vouchers3 1,953 1,976 1,926 1,898 1,835 1,783 1,709 1,480 1,393 1,472 Golf course:
Golf rounds played 70,795 69,803 56,738 75,882 78,715 75,703 116,982 110,402 93,609 94,215 Notes
1. Function transfer to Planning and Development Services
2. Monthly average of housing units available
3. Amounts listed represent the monthly average of vouchers issued Source
– City of Vallejo
CITY OF VALLEJO
267
Capital Asset Statistics
by Function
Last Ten Fiscal Years
Fiscal Year Ended June 30
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police:
Stations 4 5 5 5 5 6 6 6 6 6
Fire:
Fire stations 6 6 6 6 6 6 6 7 7 7
Public works:
Streets (miles) 351 351 351 351 351 351 351 351 351 351 Traffic signals 125 124 124 124 121 121 119 150 150 150 Water:
Water mains (miles) 624 624 624 624 624 624 624 624 627 628 Maximum daily capacity
(thousands of gallons)1 50,000 50,000 50,000 50,000 50,000 50,500 50,500 50,500 50,500 50,500 Golf Course:
Municipal golf courses 2 2 2 2 2 2 2 2 2 2
Notes
1. Represents combined capacity for Fleming Hill WTP, Travis WTP and Green Valley WTP.
Sources
– City of Vallejo
– Touchstone Golf, LLC
CITY OF VALLEJO
268
End of Report
269
LSLCPAS.COM
March 7, 2025
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
We have audited the financial statements of the governmental ac tivities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Vallejo, California (the “City”) for the year ended June 30, 2024. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, Government Auditing Standards and the Uniform Guidance, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated June 5, 2024. Professional standards also require that we communicate to you the following information related to our audit.
Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financ ial statements. No new accounting policies were adopted and the application of existing policies was not change d during fiscal year 2023-2024. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus.
All significant transactions have been recognized in the financial statements in the proper period.
Accounting estimates are an integral part of the financial stat ements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events.
Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the City’s financial statements were:
Management’s estimates of the net pension liability, net other postemployment benefits liability, and self-insurance liability are based on actuarial valuations. We evaluated the methods, assumptions, and data used to develop the actuarial valuation estimates in determining that it is reasonable in relation to the financial statements taken as a whole.
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and l ikely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management.
Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, eit her individually or in the aggregate, to each opinion unit’s financial statements taken as a whole.
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our s atisfaction, that could be sign ificant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.
Management Representations
We have requested certain representations from management that are included in the management representation letter dated March 7, 2025.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professi onal standards require the con sulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledg e, there were no such consultations with other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City’s audi tors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.
Other Matters
We applied certain limited procedures to management’s discussio n and analysis, the budgetary comparison schedules for the General Fund and major special revenue funds, and the required pension and other postemployment benefits schedules, which are required supplemen tary information (“RSI”) that supplements the basic financial statements. Our procedures consisted of inquiri es of management regarding the methods of preparing the information and comparing the information for con sistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.
We were engaged to report on the combining and individual fund statements and schedules, which accompany the financial statements but are not RSI. With respect to this supp lementary information, we made certain inquiries of management and evaluated the form, content, and methods of prep aring the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the inf ormation is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.
We were not engaged to report on the introductory and statistical sections of the Annual Comprehensive Financial Report, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Future GASB Pronouncements
The following Government Accounting Standards Board (GASB) pronouncements will be effective for the following fiscal years’ audits and should be reviewed for proper implementation by management:
Fiscal Year 2024-2025
GASB Statement No. 101, Compensated Absences.
GASB Statement No. 102, Certain Risk Disclosures.
Fiscal Year 2025-2026
GASB Statement No. 103, Financial Reporting Model Improvements.
GASB Statement No. 104, Disclosure of Certain Capital Assets.
Future Projects
Comprehensive Project, Revenue and Expense Recognition.
Major Project, Going Concern Uncertainties and Severe Financial Stress.
Major Project, Infrastructure Assets.
Practice Issue, Classification of Nonfinancial Assets.
Practice Issue, Risks and Uncertainties Disclosures.
Practice Issue, Subsequent Events.
Restriction on Use
This information is intended solely for the information and use of the City Council and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.
Very truly yours,
Irvine, California
LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
We have audited, in accordance with the auditing standards gene rally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund i nformation of City of Vallejo, California (the “City”), as of and for the year ended June 30, 2024, and the related not es to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated March 7, 2025.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statement s, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allo w management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements, on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely b asis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less s evere than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal contr ol that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and ma terial effect on the financial statements.
However, providing an opinion on compliance with those provisio ns was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the e ffectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Acco rdingly, this communication is not suitable for any other purpose.
Irvine, California
March 7, 2025
CITY OF VALLEJO, CALIFORNIA
MEASURE B/V TRANSACTION AND USE TAX FUND
FOR THE YEAR ENDED JUNE 30, 2024 REPORT ON COMPLIANCE
CITY OF VALLEJO, CALIFORNIA
MEASURE B/V TRANSACTION AND USE TAX FUND
Report on Compliance
For the Year Ended June 30, 2024
CITY OF VALLEJO, CALIFORNIA
MEASURE B/V TRANSACTION AND USE TAX FUND
Report on Compliance
For the Year Ended June 30, 2024
Table of Contents
Page
Number
Independent Auditors’ Report on Compliance with Applicable Requirements and on Internal Control Over Compliance ..................................................................................................... 1 Schedules of Measure B/V Transaction and Use Tax Fund:
Balance Sheet Schedule ............................................................................................................................... 3 Schedule of Revenues, Expenditures and Changes in Fund Balance ......................................................... 4 Notes to the Financial Schedules ................................................................................................................. 5
LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE
AND IN INTERNAL CONTROL OVER COMPLIANCE
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Report on Compliance
Opinion on the Measure B/V Transaction and Use Tax Fund We have audited the compliance of the Measure B/V Transaction and Use Tax Fund of the City of Vallejo, California (the “City”)’scompliance with the requirements described in Ordinance No. 1651 N.C.(2d) and Ordinance No. 1738 N.C.(2d) (the “Ordinances”) and the expenditure direction approved by Council, for the year ended June 30, 2024.
In our opinion, the City complied, in all ma terial respects, with the types of compliance requirements referred to above that could have a direct and material effect on the requirements referred to above applicable to the City, for the year ended June 30, 2024.
Basis for Opinion
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the Ordinances and expenditure direction approved by Council. Our responsibilities under those standards are furthe r described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to me et our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis fo r our opinion on compliance with the Ordinances and expenditure direction approved by Council. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for complian ce with the requirements referred to above and for the design, implementation, and maintenance of effective internal contr ol over compliance with the requirements of laws, statutes, regulations, rules, and provisions of c ontracts or grant agreements applicable to the City’s government programs.
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncom pliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conductedin accordance with generally accepted auditing standards, Government Auditing Standards will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than thatresulting from error, as fraud may involve collusion, To the Honorable Ma
yor and Members of the City Council
City of Vallejo, California
forgery, intentional omissions, misrepre sentations, or the override of int ernal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the Ordinances and allowability of expenditure direction approved by Council as a whole.
In performing an audit in accordance with generall y accepted auditing standards, Government Auditing Standards, the Ordinances, and expenditure direction approved by Council, we:
x Exercise professional judgment and maintain professional skepticism throughout the audit. x Identify and assess the risks of mate rial noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to thos e risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. x Obtain an understanding of the City’s int ernal control over compliance relevant to the audit in order to design audit procedures that are appr opriate in the circumstances and to test and report on internal control over compliance in accordance with the Ordinances and allowability per expenditure direction approved by Council, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.
We are required to communicate with those charged with governa nce regarding, among other matters, the planned
scope and timing of the audit and any significant deficien cies and material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control over Compliance
A deficiency in internal control over com pliance exists when the design or operat ion of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compli ance requirement will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in intern al control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over complianc e was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitation s, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiv eness of internal control over compliance. Accordingly, no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Ordinances and allowability per expenditure direction approved by Council. Accordingly, this report is not suitable for any other purpose.
Sacramento, California
March 11, 2025
2 Due from other governments 3,644,367$
Total Assets 3,644,367$
LIABILITIES AND FUND BALANCE:
Liabilities:
Accounts payable 451,304$
Due to other funds 1,738,091
Total Liabilities 2,189,395
Assigned for Measure B/V 1,454,972
Total Fund Balance 1,454,972
Total Liabilities and Fund Balance 3,644,367 $
CITY OF VALLEJO, CALIFORNIA
Fund balance:
ASSETS:
June 30, 2024
Balance Sheet Schedule
MEASURE B/V TRANSACTION AND USE TAX FUND
3 Schedule of Revenues, Expenditures and Changes in Fund Balance June 30, 2024
REVENUES:
Local sales and use tax 20,619,375$
Miscellaneous 412
Total Revenues 20,619,787
EXPENDITURES:
Current:
Executive 188,769
Law 552,742
Planning and development services 199,786
Fire services 3,490,509
Police services 6,283,808
Public works 86,994
Economic development 556,251
Non departmental 2,272,367
Total Expenditures 13,631,226
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 6,988,561
OTHER FINANCING SOURCES (USES):
Transfers Out 8,517,161
Total Other Financing Sources (Uses) 8,517,161
Net Change in Fund Balance (1,528,600)
FUND BALANCE - BEGINNING 2,983,572
FUND BALANCE - ENDING 1,454,972$
MEASURE B/V TRANSACTION AND USE TAX FUND
CITY OF VALLEJO, CALIFORNIA
4 CITY OF VALLEJO, CALIFORNIA
MEASURE B/V TRANSACTION AND USE TAX FUND
Notes to the Financial Schedules
For the Year Ended June 30, 2024
I. SUMMARY
In Nove
mber 2011, the voters of the City of Vallejo passed Measure B, a ballot measure establishing a one percent transaction use tax for ten years effective April 1, 2012. In November 2016, the Vallejo voters approved Measure V that permanently extended the City’s Measure B tax. These revenues have allowed the City to recover from budget shortfalls resulting from the 2008 economic downturn and bankruptcy.
Following approval of the ballot measure, the City Council directed staff to prioritize the uses of Measure B/V revenues as follows:
1. Reb
uilding Reserves
2. Preserving and Enhancing Public Safety and the Quality of Life in Vallejo
3. Enhancing and Reconstructing Infrastructure
4. Impro
ving Community Aesthetics
5. Setting the Table for Future Economic Development
6. Generating New Revenue & Enhancing Efficiency of Government
7. Leveraging
City Assets
II. COLLECTI
ON, MANAGEMENT AND EXPENDITURES
Measure B/V is a t
ransaction and use tax which is implemented in the same manner as a sales tax. The California Department of Tax and Fee Administration manages the collection and distribution of the tax-generated revenue and distributes funds to the City monthly. The funds go into the City’s Measure B Fund, a sub-fund of the City’s General Fund, to clearly identify this additional revenue and allows separate tracking of Measure B/V dollars from collection to disbursement so that the public can easily see how and where these funds are applied.
The City Manager’s Office and Finance Department, with support from each of the operating departments, manage the budget process. Public hearings are conducted on the proposed budgets to review all appropriations of Measure B/V revenues. Since they are not co-mingled in the General Fund, the City’s accounting system can identify Measure B/V funds that are allocated to individual cost centers for specific uses or projects.
III. COMPLIANCE
The City Co
uncil directed City staff to ensure transparency and oversight of Measure B/V revenues. The annual Transaction and Use Tax Compliance and Internal Control Audit Report includes sufficient procedures directed at obtaining knowledge of City’s compliance pursuant to Ordinance No. 1651 N.C.(2d), Ordinance No. 1738 N.C. (2d) and the expenditure direction approved by Council for the year ended June 30, 2024. 5 &,7<2)9$//(-2&$/,)251,$
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Responsibilities of Management for Compliance
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Auditor’s Responsibilities for the Audit of the Financial Statements 2XU REMHFWLYHV DUH WR REWDLQ UHDVRQDEOH DVVXUDQFH DERXW ZKHWKHU PDWHULDO QRQFRPSOLDQFH ZLWK WKH FRPSOLDQFH UHTXLUHPHQWV UHIHUUHG WR DERYH RFFXUUHG ZKHWKHU GXH WR IUDXG RU HUURU DQG H[SUHVV DQ RSLQLRQ RQ WKH &LW\¶V FRPSOLDQFHEDVHGRQRXUDXGLW5HDVRQDEOHDVVXUDQFHLVDKLJKO HYHORIDVVXUDQFHEXWLVQRWDEVROXWHDVVXUDQFH DQGWKHUHIRUHLVQRWDJXDUDQWHHWKDWDQDXGLWFRQGXFWHGLQDFFRUGDQFHZLWKJHQHUDOO\DFFHSWHGDXGLWLQJVWDQGDUGV Government Auditing Standards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¶VFRPSOLDQFHZLWKWKH2UGLQDQFHDQGDOORZDELOLW\SHUWKH5HVROXWLRQ
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
In performing an audit in accordance with generally accepted au diting standards and Government Auditing Standards, the Ordinance and Resolution, we:
• Exercise professional judgmen t and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material noncompliance, wheth er due to fraud or error, and design and perform audit procedures responsive to those risks. Such proced ures include examining, on a test basis, evidence regarding the City’s compliance with the compliance re quirements referred to above and performing such other procedures as we considered necessary in the circumstances.
• Obtain an understanding of the City’s internal control over co mpliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Ordinance and allowability per the Resolution, but not for the purpose of expressing an opinion on the effectiveness of the City’s int ernal control over compliance. Accordingly, no such opinion is expressed.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over complian ce does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal con trol over compliance, such that there is a reasonable possibility that material noncompliance with a type of complian ce requirement will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance that is less severe than a material weakness in internal control over compliance, yet impo rtant enough to merit attention by those charged with governance.
Our consideration of internal cont rol over compliance was for t he limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weak nesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we d id not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.
Our audit was not designed for the purpose of expressing an opi nion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. The purp ose of this report on internal control over compliance is solely to describe the scope of our testing of in ternal control over compliance and the results of that testing based on the requirements of the Ordinance and allowabi lity per the Resolution. Accordingly, this report is not suitable for any other purpose.
Sacramento, California
March 11, 2025
2 Pooled cash and investments 11,911,126$
Taxes receivable 3,114,127
Total Assets 15,025,253$
Assigned for Measure P 15,025,253$
Total Fund Balance 15,025,253$
CITY OF VALLEJO, CALIFORNIA
FUND BALANCE:
ASSETS:
June 30, 2024
Balance Sheet Schedule
MEASURE P TRANSACTION AND USE TAX FUND
See Notes to Financial Schedules.
3 Schedule of Revenues, Expenditures and Changes in Fund Balance June 30, 2024
REVENUES:
Local sales and use tax 17,771,948$
Total Revenues 17,771,948
OTHER FINANCING SOURCES (USES):
Transfers Out (6,998,200)
Total Other Financing Sources (Uses) (6,998,200)
Net Change in Fund Balance 10,773,748
FUND BALANCE - BEGINNING 4,251,505
FUND BALANCE - ENDING 15,025,253$
MEASURE P TRANSACTION AND USE TAX FUND
CITY OF VALLEJO, CALIFORNIA
See Notes to Financial Schedules.
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5 CITY OF VALLEJO, CALIFORNIA
TRANSPORTATION DEVELOPMENT ACT FUND
FOR THE YEARS ENDED JUNE 30, 2024 AND 2023 FINANCIAL STATEMENTS
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CITY OF VALLEJO, CALIFORNIA
TRANSPORTATION DEVELOPMENT ACT FUND
Financial Statements
For the Years Ended June 30, 2024 and 2023
Table of Contents
Page
Number
Independent Auditors’ Report ..................................................................................................................................... 1
Financial Statements:
Balance Sheet ................................................ ...................................................................................................... 4
Statement of Revenues, Expenditures and Changes
in Fund Balance .............................................. ..................................................................................................... 5
Notes to Financial Statements
General Information ......................................... .............................................................................................. 6 Summary of Significant Accounting Policies .................. ............................................................................... 6 Restrictions ................................................ .................................................................................................... 7 Contingencies ............................................... ................................................................................................. 7 Budgetary Data .............................................................................................................................................. 7
Other Reports:
Independent Auditors’ Report on Internal Control Over Financia l Reporting and on Compliance and Other Matters Based on an Audit of Financial St atements Performed in Accordance with Government Auditing Standards and the Transportation Development Act ........................... 9
Independent Auditors’ Repor t on State Compliance .......................................................................................... 11
LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the Tr ansportation Development Act Fund (the “TDA Fund”) of the City of Vallejo, California (the “City” ), as of and for the year ended June 30, 2024 and June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.
In our opinion, the financial st atements referred to above pres ent fairly, in all material respects, the respective financial position of the TDA Fund of the City, as of June 30, 2024 and June 30, 2023, and the respective changes in financial position, for the year then ended in accordance wi th accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards , issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial State ments section of our report. We are required to be independent of the City and to meet our other ethical responsib ilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Emphasis of Matter
As described in Note 1, the financial statements present only the TDA Fund of the City and do not purport to, and do not, present fairly the financial position of the City, as o f June 30, 2024 and 2023, the changes in financial position, or, where applicable, its cash flows for the years th en ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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 an y currently known information that may raise substantial doubt shortly thereafter.
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to is sue an auditor’s report that includes our opinions.
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted a uditing standards and Government Auditing Standards will always detect a material m isstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with generally accepted au diting standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skept icism 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 th ose risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of inter nal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Required Supplementary Information
Management has omitted management’s discussion and analysis, an d budgetary comparison schedules 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 con siders it to be an essential part of financial reporting for placing the basic financial statements in an appr opriate operational, economic, or historical context.
Our opinion on the basic financial statements is not affected by this missing information.
2 To the Honorable Mayor and Members of the City Council City of Vallejo, California
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 11, 2025, on our consideration of the City’s internal control over TDA Fund’s financial reporting for the TDA Fund and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over TDA Fund’s financial reporting or on compliance. T hat report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over TDA Fund’s financial reporting and compliance.
Sacramento, California
March 11, 2025
3 2024 2023
Assets -$ - $
Liabilities and Fund Balance -$ -$
During fiscal year 2023, the only transactions recorded were project receipts and expenditures related to project number PW9729 Sacramento Street Road Diet. There were no transactions during fiscal year 2024.
June 30, 2024 and 2023
CITY OF VALLEJO, CALIFORNIA
TRANSPORTATION DEVELOPMENT ACT FUND
Comparative Balance Sheet
See Accompanying Notes to Financial Statements.
4 2024 2023
Revenues:
Transportation Development Act Funds -$ 73,093$ Total Revenues - 73,093
Expenditures:
Sacramento Street Rooad Diet - 73,093 Total Expenditures - 73,093
Net Change in Fund Balance - -
Fund Balance (Deficit) at the Beginning of the Year - - Fund Balance (Deficit) at the End of the Year -$ -$ During fiscal year 2023, the only transactions recorded were project receipts and expenditures related to project number PW9729 Sacramento Street Road Diet and no transactions were recorded related to project number PW9728 Sacramento Street Road Diet Phase II. There were no transactions during fiscal year 2024.
CITY OF VALLEJO, CALIFORNIA
and Changes in Fund Balance
For the Years Ended June 30, 2024 and 2023
Comparative Statement of Revenues, Expenditures
TRANSPORTATION DEVELOPMENT ACT FUND
See Accompanying Notes to Financial Statements.
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8 LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REP
ORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS AND THE TRANSPORATION DEVELOPMENT ACT
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
We have a
udited, in accordance with the auditing standards gene rally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial stateme nts of the Transportation Development Act Fund (the “TDA Fund”) of City of Valle jo, California (the “City”), a s of and for the year ended June 30, 2024 and June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s TDA Fund’s basic financial statements, and have issued our report thereon dated March 11, 2025.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over TDA Fund’s financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allo w management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements, on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely b asis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less s evere than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal contr ol that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether TDA Fun d’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and ma terial effect on the financial statements.
However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
To the Honorable Mayor and Members of the City Council
City of Vallejo, California
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the e ffectiveness of the TDA Fund’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Fund’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Sacramento, California
March 11, 2025
10 LSLCPAS.COM
INDEPENDENT AUDITORS’ REPORT ON STATE COMPLIANCE
To the Hono
rable Mayor and Members of the City Council
City of Vallejo
Report on Compliance with the Transportation Development Act Opinion on Transportation Development Act Compliance
We have audited the City of Vallejo, California (the “City”)’s compliance with Transportation Development Act (TDA) requirements that funds allocated to and received by the City w ere expended in conformance with applicable statutes, rules, and regulations of the TDA, and the allocation instructions and resolutions of the Solano Transportation Authority as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Regulations (Code of Regulations) for the year ended June 30, 2024.
In our opinion, the City complied, in all material respects, wi th the types of compliance requirements referred to above that could have a direct and material effect on the Program for the year ended June 30, 2024.
Basis for Opinion
We conducte
d our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; ; the applicab le statutes, rules, and regulations of the TDA; and the allocation instructions and resolutions of the Solano Transportation Authority as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Regulations. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to meet our o ther ethical responsibilities, in accordance with 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 opinion on complianc e for the TDA Fund. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control o ver compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the TDA Fund.
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud o r error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing Standards , the applicable statutes, rules, and regulations of the TDA; a nd the allocation instructions and resolutions of the City as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Regulations will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may
To the Hon
orable Mayor and Members of the City Council
City of Vallejo
involve collusion, forgery, intentional omissions, misrepresent ations, or the override of internal control.
Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would inf luence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of the TDA requirements that funds allocated to and received by the City were expended in conformance with applicable statutes, rules, and regulations of the TDA; and the allocation instructions and resolutions of the Solano Transportation Authority as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Regulations.
In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, the applicable statutes, rules, a nd regulations of the TDA; and the allocation instructions and resolutions of the Solano Transportation Authority as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Regulations, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. •
Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit
procedures responsive to th ose risks. Such procedures inc lude examining, on a test basis, evidenc e rega
rding the City’s compliance with the compliance requirements referred to above and performing such other pro
cedures as we considered necessary in the circumstances. • Obtain an understanding of the City’s internal control over co mpliance relevant to the audit in order to desi gn audit
procedures that are appropriate in the circumstances and to test and report on internal control ov er compliance in accordance with the applicable statutes, rules, and regulations of the TDA; and the allocati on instructions and resolutions of the Solano Transportation Autho rity as required by Section 6666 of Title 21, Division 3, Chapter 2, Article 5.5 of the California Code of Re gulations, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion i s exp
ressed.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.
Purpose of this Report
The purpose of this report on compliance is solely to describe the scope of our testing of compliance and the results of that testing. Accordingly, this report is not suitable for any other purpose.
Sacramento,
California
March, 11, 2025
12 popular Annual
financial report
City of Vallejo, California
FISCAL YEAR ENDED
JUNE 30, 2024
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cityofvallejo.net
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Vallejo, where dreams are made
Welcome to the city of vallejo’s
popular annual financial report
Contents
To Our Readers 1
City Profile 2
City Council 3
Vision Statement 4
Economic Outlook 5
Why Vallejo 6
Government-Wide Financial Analysis 8
General Fund Overview 12
General Fund Expenditures 14
General Fund Balance 15
Long-range financial forecast 16
Water Fund 17
Cash and investments 18
Capital assets 19
Long-term obligations 20
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LOOKING FOR THE CITY’S
ANNUAL BUDGET AND OTHER
FINANCIAL DOCUMENTS
It is our pleasure to present you with the Popular Annual Financial Report (PAFR) for the fiscal year ended June
30, 2024. This report was prepared to provide interested readers an easy to understand summary of our financial
activities in an informative and objective manner. Included in this report are an overview of the City’s economic
outlook, an analysis of the City’s financial position and key financial information concerning the City’s investments, capital assets and long term obligations.
While most of the information in this report is drawn
from the financial information appearing in the Annual
Comprehensive Financial Report (ACFR), as of June 30,
2024, it is important to note that the financial information in this PAFR is presented for the Primary Government,
General Fund, and Water Fund on a non-GAAP basis. This
means that it contains condensed financial information and does not provide all of the necessary financial statements and note disclosures required by Generally Accepted
Accounting Principles (GAAP) for governmental entities.
It is not intended to replace the full financial statements and note disclosures contained in the ACFR, as the ACFR is a more detailed and complete financial presentation
prepared in conformance with GAAP , and was audited by
the City’s independent auditors, receiving an unmodified (clean and fairly stated) opinion.
We are very pleased to announce that last year’s PAFR
received the Award for Outstanding Achievement in
Popular Annual Financial Reporting from the Government
Finance Officers Association (GFOA).
Both the PAFR and ACFR are available for public viewing at the Finance Department and online at cityofvallejo.net. We hope you enjoy reading this report and invite you to access our audited ACFR online for more detailed information.
We welcome your questions, comments and suggestions
regarding the information in this report. You can contact us at the City of Vallejo, Finance Department, at 555 Santa Clara Street, Vallejo, CA 94590, Tel. (707) 648-4592.
Respectfully submitted,
Rekha Nayar, CPA
Finance Director
Visit the City’s website at cityofvallejo.net
popular annual
Financial report
City of vallejo, California
department of finance
To Our Readers
1 City of vallejo, California
department of finance
city
The City of Vallejo is a municipality
incorporated in March 1868, under
the laws of the State of California.
It operates under a City Charter
originally adopted in 1911 and last
amended in November 2013. The
Charter provides for a Council-
Manager form of government in
which the City Manager recommends
policy, program and budget priorities
to the City Council, which in turn
develops legislation and policies to
direct the City.
The City Manager, appointed by
the City Council, serves as the chief
executive officer. The City Attorney,
also appointed directly by the City
Council, provides timely, efficient and
high quality legal services, advice and
support to the City Council and the
City Administration.
Vallejo is home to several critical
regional entities including Touro
University, a private non-profit health
professions graduate school, the
California State University Maritime
Academy, the only maritime academy
on the West Coast, and the Vallejo
Center campus of Solano County
Community College.
Six Flags Discovery Kingdom, a
combined marine life and wildlife
theme park with various roller
coasters and other amusement rides,
is an exciting local destination and
business partner of the City. The park
opened in 1986 and draws countless
visitors to the area, boosting the local
economy.
Vallejo was the site of Mare Island
Naval Shipyard, the first United
States Naval base established on the
Pacific Ocean. Established in 1853,
the shipyard began building ships
the following year. More than 500
naval vessels were constructed and
thousands were overhauled prior to
the base closure in 1996.
The Waterfront and Mare Island
redevelopment is a community effort;
input from residents help shape the
future of what could become the
most important economic generator
of the city. The City’s Ferry Terminal
and ferry service have served as a
model for the rest of the Bay Area,
helping make Vallejo a transportation
and commuter hub for the North
and East Bay. Six Flags Discovery
Kingdom, local restaurants and the
Downtown Farmer’s Market help
make Vallejo the vibrant community
it is today.
A BRIEF HISTORY
profile
Located in Northern California, 30 miles
northeast of San Francisco, 60 miles south-
west of Sacramento, 70 miles north of
Silicon Valley, and 385 miles north of Los
Angeles, Vallejo is the largest city in Solano
County and the tenth most populous city
in the San Francisco Bay Area.
Memories by
Mckinley
POpular Annual
financial report
2 Vallejo City council
as of june 30, 2024
The City of Vallejo’s governing body is elected by the citizens in a general, popular election. The Mayor, elected by the community at-large to a 4-year term, acts as the formal representative of the City and presides over Council meetings.
Six Councilmembers are elected on a nonpartisan basis. The Councilmembers serve for staggered 4-year terms, with three Councilmembers elected every two years. In July 2019 the City Council voted to move to elections “by-district, ” instead of having Councilmembers voted on by the at-large community. As of November 2022, the six city districts have elected their own dedicated representatives for Elected officials and their expiration terms at fiscal year end June 30, 2024 are shown on the left.
Council Priority Setting
On February 20, 2024, during a public meeting, the Vallejo City Council decided to uphold the Fiscal Year 2023-24 goals for the Fiscal Year 2024-
25. Additionally, on March 18, 2024, the Council participated in a publicly accessible team-building event with an in-person presentation.
This is a key event for organizational management and an important step in the annual budget process. Top priority for the City’s 2024-25 Fiscal Year is improving public safety. Councilmembers also established multiyear goals relating to:
1. Improved Public Safety
2. Efficient, Effective and Responsive Government
3. Economic Development Strategy
4. Housing/Unhoused Response
5. Youth Development Initiatives
Get InvolvedGet Involved
Participate in Vallejo City Council MeetingsParticipate in Vallejo City Council Meetings Peter Bregenzer
Council member
Term expires Jan 2027
Cristina Arriola
Council member
Term expires Jan 2025
Diosdado “ JR” Matulac
Council member
Term expires Jan 2027
Charles Palmares
Council member
Term expires Jan 2027
Mina Loera-Diaz
Vice Mayor
Term expires Jan 2025
Robert H. McConnell
Mayor
Term expires Jan 2025
Rozzana Verder-Allga
Council member
Term expires Jan 2025
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agendas + videos page
3 Photo
We facilitate connections and collaboration amongst a
diverse community to inspire collective pride and vision for a better Vallejo.
Vision
statement
Andrew Murray
Veronica A.F . Nebb
Dawn Abrahamson
Gillian Haen
Assistant City Manager
Rekha Nayar
Finance Director
Stephanie Sifuentes
Human Resources Director
Jason Ta
Interim Police Chief
Frank Drayton
Interim Fire Chief
Melissa Tigbao
Public Works Director
Beth Schoenberger
Water Director
Michael Nimon
Economic Development
Kristin Pollot
Planning & Development
Services Director
Naveed Ashraf
Chief Innovation Officer
Alicia Jones
Housing Director
CITY MANAGER
City Attorney
CITY CLERk
Department heads
The City of Vallejo provides its residents a
broad range of services including public safety
(police and fire), public works (landscape and
street maintenance, traffic management),
economic development (building regulation
and planning), and affordable housing.
Enterprise Funds within the city provide
water, marina, parking, golf and high speed
fiber-optic internet services. Other public
agencies also provide public services such as
wastewater, parks and recreation services,
libraries and education within the City’s
boundaries.
A variety of Boards, Commissions, and
Committees assist the City Council in serving
the Vallejo community. These bodies identify
specific needs and problems within their
purview. Each body meets on a regular basis
and each meeting is open to the public. The
length of member terms and the interval of
appointments vary.
about
vallejo
Popular Annual
Financial Report
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As of June 30, 2024
4 C. Lee
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Volunteer.
Stay Informed.
The economic impact of the pandemic, sudden shifts
in the labor force and housing markets, as well as
the global impacts of the current conflicts in eastern
Europe and the middle East have been felt throughout
the State and City. This economic disruption has
affected many businesses and individuals very
seriously. Solano County’s unemployment rate was
5.1% in December 2024 which is slightly up from
September 2023 at 4.6%. However, this December
rate is still down from 9.5% for 2020. Solano County
has experienced job recovery but have fewer available
workers from city residents.
There are encouraging signs for economic stability in
the coming year with the Federal Reserve tampering
interest rates. As many look to 2024, there is hope that some normalization to our citizens’ lives will occur.
During the pandemic and current economic rebound,
the City has seen negative impacts on revenue sources.
Even with some positive signs of development
opportunities, some of the looming fiscal challenges
include the rising costs of employee salaries and
benefits that threaten nearly all businesses and
California municipalities. In addition, critical pieces of City infrastructure are showing their age and will
require significant capital expenditures to remedy. In the next year, the City will focus on planning for future infrastructure, and updating the City’s Economic
Development strategic plan.
Popular Annual
Financial Report
TOP 10 PRINCIPAL PROPERTY TAX PAYERS
TAXPAYER TAXABLE ASSESSED
VALUE
% OF TOTAL
CITY TAXABLE
The Nimitz Group $99,336,223 0.71%
Park Management 96,054,904 0.69%
Centro Watt Property Owner ll 91,563,906 0.66%
WRPV XIII BV Vallejo LLC 69,244,548 0.50%
Prime Ascot LP 67,408,591 0.48%
Invitation Homes Inc. 58,000,936 0.42%
Colony Starwood Homes 50,026,209 0.36%
Bridge WF II California
Meritgae LLC 46,486,078 0.33%
Longshore Cove LP 46,171,724 0.33%
Sundance -Vallejo 40,062,008 0.29%
Top Ten Totals $ 664,355,127 4.77%
Economic Outlook
5 WHY VALLEJO
POPULATION: 121,558
City of Vallejo is growing! A lower cost of living makes Vallejo and ideal location for younger, educated, and family-oriented people to call home.
DIVERSITY:
City of Vallejo is the most diverse city in the bay area.
EDUCATION:
With over a dozen local colleges and universities offering advance manufacturing Degrees and trade programs; our residents are well-trained and ready to work.
Colleges in Vallejo
Cal Maritime University
Touro University
Colleges nearby
Napa Community College (13 miles)
Solano Community College (15 miles)
University of California, Berkeley (24 miles)
Sonoma State University (34 miles)
California State University, East Bay (42 miles)
University of California, Davis (43 miles)
PUBLIC TRANSPORTATION:
Centrally located with easy access to airports, major highways and ports.
Daily ferry service to and from San Francisco and minutes from Napa Valley. SolTrans
San Francisco Bay Ferry
The Vine Transit
Airports nearby:
Oakland (OAK) 36 miles – Bridge Toll $7
San Francisco (SFO) 43 miles – Bridge Toll $7
Sacramento (SMF) 61 miles – No Bridge Toll
MEDIAN HOME PRICE
$515,500
SACRAMENTO
$450,500
OAKLAND
$883,000
OWNER OCCUPIED
HOMES
58%
VALLEJO
SACRAMENTO
OAKLAND
SAN
FRANCISCO
MEDIAN
HOUSEHOLD INCOME
$86,112
$39,843 PER CAPITA INCOME
11.5% PERSONS IN POVERTY HISPANIC/LATINO
$475,000
29%
ASIAN
$475,000
23%
BLACK/AFRICAN AMERICAN
$475,000
18%
TWO OR MORE RACES
WHITE 30%
11%
HIGH SCHOOL GRADUATE
87%
BACHELOR’S DEGREE
$475,000
27.5%
MEDIAN GROSS RENT: $1,894
MEDIAN MORTAGE: $2,468
Data Source:
U.S. Census Bureau 2023 QuickFacts Vallejo, California
HdL Coren & Cone
6 WHY VALLEJO
BUSINESS SECTORS:
Vallejo is home to one of the last undeveloped waterfronts in California.
With an abundance of available office, warehouse, retail, and manufacturing Spaces: Vallejo is the ideal location for your business
OFFICE INVENTORY:
$.50-$2.50/square foot for lease*
$50-$250/square foot for sale*
INDUSTRIAL INVENTORY
$.50-$1.50/square foot for lease*
$50-$250/square foot for sale*
COMMERCIAL SPACE INVENTORY
$.50-$2.50/square foot for lease*
$50-$250/square foot for sale*
* Rates vary by location, size, and condition; therefore, it is advisable to consult with a realtor for information applicable to a particular property.
TOP 10 EMPLOYERS (2023)
KAISER PERMANENTE MEDICAL CENTER
SIX FLAGS DISCOVERY KINGDOM
VALLEJO UNIFIED SCHOOL DISTRICT
SUTTER SOLANO MEDICAL CENTER
CITY OF VALLEJO
TOURO UNIVERSITY CALIFORNIA
SAFEWAY (3 LOCATIONS)
CALIFORNIA MARITIME ACADEMY
COSTCO WHOLESALES
WINDSOR VALLEJO CARE CENTER
Data Source:
MuniService LLC / and Avenue Insight & Analytics Company
MEN OWNED
WOMEN OWNED
$475,000 MINORITY OWNED
728
202
527
TOP 25 SALES TAX PRODUCERS
(2023)
ARCO AM PM
AU ENERGY SHELL STATION
AUTOLINX
AVERY GREENE HONDA
BEST BUY
CHICK FIL A
COSTCO WHOLESALE
HOME DEPOT
KOHLS
LOWES
MARSHALLS
MCDONALD’S
ROSS
SAFEWAY
SAFEWAY FUEL
SIX FLAGS DISCOVERY
KINGDOM
TARGET
TEAM CHEVROLET
CADILLAC MAZDA HYUNDAI
TESLA MOTORS
TEXACO POWER MARKET
TOYOTA VALLEJO
TRIBUTARY POINT ARCO
VALLEJO HYUNDAI
VALLEJO NISSAN
WALMART
NEIGHBORHOOD MARKET
Data Source: HdL Companies
Authorized
Full Time City
Employees
(F.T.E)
Fiscal Year
FY 18-19 585
FY 19-20 629
FY 20-21 647
FY 21-22 681
FY 22-23 680
FY 23-24 681
FY 24-25 682
7 Government-wide
FINANCIAL Anal ysis
The Statement of Net Position (Statement) presents
information on the City’s assets and liabilities, with the difference between the two reported as net position.
Over time, increases or decreases in net position may
serve as a useful indicator as to whether the City’s
financial position is improving or weakening. The
Statement reflects the fact that the City’s net position increased by $66.8 million in the current fiscal year.
This overall increase is a combination of an increase of $49.5 million from governmental activities like general administration, public safety, public works, housing,
and economic development and an increase of
$17.3 million from business-type activities including
operations of our water system, parking program,
marina, golf course, and fiber network.
CURRENT AND OTHER ASSETS are cash and items
expected to be converted into cash within one year.
CAPITAL ASSETS are the City’s long-term investments
in land, buildings, improvements, infrastructure,
vehicles and equipment. These assets are used to
provide services to the community, consequently,
these assets are not available for future spending.
DEFERRED OUTFLOWS OF RESOURCES represent
the consumption of net assets related to the City’s
pension and OPEB liabilities, and other bonded debt
applicable to the future.
LIABILITIES are debt or obligations that the City must
pay.
DEFERRED INFLOWS OF RESOURCES are the
acquisition of net assets related to the City’s pension and OPEB liabilities and leases.
NET INVESTMENT IN CAPITAL ASSETS represents
the City’s net investment in capital assets net of
accumulated depreciation and related debt. The
RESTRICTED portion is subject to externally imposed
restrictions for activities such as capital projects,
debt service, and community development and is not
available for general operations. The UNRESTRICTED
portion is available for general operations.
Popular Annual
Financial Report
8 FY 23/24 FY 22/23 Increase/
(Decrease) %
Current assets and other assets $ 470.5 $ 416.3 $ 54.2 13% Capital assets 476.5 453.8 22.7 5%
Deferred outflows of resources 81.8 84.7 (2.9) -3%
Total assets and deferred outflow of resources 1028.8 954.8 74.0 8% Current and other liabilities 83.6 83.7 (0.1) 0%
Non-current liabilities 486.6 474.2 12.4 3%
Deferred inflows of resources 17.4 22.5 (5.1) -23%
Total liabilities and deferred inflows of resources 587.6 580.4 7.2 1% Net investment in capital assets 424.5 396.3 28.2 7%
Restricted 131.5 120.7 10.8 9%
Unrestricted (114.8) (142.6) 27.8 -19%
TOTAL NET POSITION $ 441.2 $ 374.4 $ 66.8 18%
Statement of Net Position
as of June 30, 2024 and 2023
(in Millions)
Black
Lives
Matter
Mural
9 101.1-88.2
Popular Annual
Financial Report
Government-wide Financial Anal ysis Cont...
The City’s Statement of Activities is shown (in
millions) for FY 2024 and FY2023. The Statement of
Activities summarizes by major revenue and expense
categories the receipt and expenditure of funds during
the year for governmental and business-type activities.
The following is a brief description of the key items
included in the statement of activities.
REVENUES
CHARGES FOR SERVICES are revenues collected for
services provided to the public, with the majority being water service charges.
GRANTS AND CONTRIBUTIONS represent funding
received from other governments and organizations
for the purpose of financing the operating and capital
costs of special programs such as the City’s housing
programs.
TAXES include property, sales and transaction,
franchise, utility user, transient occupancy, business
license and other taxes, as described in the General
Fund Revenues section of this PAFR.
S.QUINN JR
EXPENSES
ADMINISTRATION includes the City Council, City
Manager, Risk Management, Human Resources, City
Attorney, City Clerk, Finance and non-departmental
programs.
INFORMATION TEHCNOLOGY implements and
maintains secure, reliable and customer-oriented
information technology solutions
ECONOMIC DEVELOPMENT focuses on new business
recruitment and retention and facilitation of
development on catalyst sites.
PLANNING AND DEVELOPMENT SERVICES includes
the Planning and Building Divisions and Code
Enforcement.
COMMUNITY SERVICES includes Economic
Development and Housing.
POLICE AND FIRE includes Patrol, Dispatch,
Investigations, Crime Prevention, Fire Suppression and
Prevention.
PUBLIC WORKS includes Maintenance of Trees, Streets,
Parks, Facilities, Sewer, Building and Equipment, and
Assessment Districts.
WATER accounts for the City’s three water treatment
plants.
MARINA accounts for the City’s marina operations.
GOLF accounts for the City’s golf operations.
VALLEJO STATION PARKING accounts for operation of
the City’s Vallejo Station Parking Structure and surface lots.
FIBER OPTIC accounts for operation of the City’s new
municipal fiber network.
10 101.1-88.2
Statement of Activities as
of June 30, 2024 and 2023
(in Millions)
FY 23/24 FY 22/23 Increase / (Decrease)
REVENUES
Charges for service $91.1 $ 95.5 $(4.4)
Grants and Contributions 73.2 58.0 15.2
Taxes 128.5 116.5 12.0
Other 23.4 6.8 16.6
Total Revenues 316.2 276.8 39.4
EXPENSES
Administration 9.9 9.4 0.5
Planning & Development Services 5.6 4.7 0.9
Commercial Services 29.8 31.3 (1.5)
Economic Development 9.8 3.3 6.5
Information Technology 2.4 1.9 0.5
Fire 39.4 36.1 3.3
Police 61.8 52.5 9.3
Public Works 34.2 29.2 5.0
Water 48.1 47.1 1.0
Marina 1.9 1.6 0.3
Golf 4.3 3.8 0.5
Vallejo Station Parking 0.7 0.7 -
Fiber Optic 1.0 0.8 0.2
Interest on long-term debt 0.5 0.5 -
Total Expenses 249.4 222.9 26.5
Transfers and Special Items - (18.3) 18.3
Change in net position 66.8 35.6 31.2
Net Position - Beginning 374.4 338.8 35.6
Net Position - Ending $ 441.2 $ 374.4 $66.8
The total cost of all services this year was $249.4 million, with the amount for all governmental activities totaling $193.4 million. Related program revenues covered $98.1 million (55%), resulting in a net cost of $95.3 million.
The City paid for the remaining portion of governmental activities with taxes (some of which could only be used for certain purposes) and other revenues, such as interest. The cost for business-type activities this year was $56.0 million. Revenues received to offset these activities include charges for services of $62.2 million and $4.0 million from operating and capital grants.
11 The City’s General Fund is the chief operating fund of the City. The General Fund typically accounts for about 50% of the City’s total revenues. The remainder of the revenues consist of various Special Funds which are restricted in purpose and Enterprise Funds’ user fees.
The General Fund is distinct from other funds because it is the only source of unrestricted funds that can be allocated, at the discretion of the City Council, for any municipal purpose. The actual General Fund revenues for FY 2023-24 were $162.2 million, $6 million below the final budget. The shortfall was primarily unrealized ARPA revenue. Overall City-wide revenues for FY 2023-24 totaled $316.2 million.
General Fund Overview
Popular Annual
Financial Report
By the end of the current fiscal year, General Fund revenues exceeded expenditures and other financing uses (transfer out), and the fund balance increased to $78.9 million from $64.6 million in the prior fiscal year. general fund budget and actual for the year ended june 30, 2024 (in millions)
Original
Budget
Final
Budget
Actual
Amounts
REVENUES
Total Revenues $ 150.4 $ 168.2 $ 162.2
EXPENDITURES
Total Expenditures 123.7 128.6 121.5
Other Financing Sources (Uses) (9.2) (37.9) (26.4)
Net Change in Fund Balances $ 17.5 $ (1.7) $ 14.3
Fund Balance June 30 $ 78.9
12 N o n Gen eral Fund,
4 9%
Ge n er a l Fund, 51%
$28. 0
$33.0
$38. 0
$43.0
$48.0
$53.0
$58.0
FY 19 -2 0 FY 20-2 1 FY 21-22 FY 22-23 FY 23- 24
M illio n s
Pro per ty Ta x
Sa les Ta x
General Fund revenue budget and actual
for the year ended june 30, 2024
(in millions)
Original
Budget
Final
Budget
Actual
Amounts
Taxes $ 127.2 126.0 126.2
License, Permits, and Fees 5.2 5.4 4.6
Fines and Forfeitures 1.0 1.0 0.9
Intergovernmental 4.2 23.1 12.8
Use of Money and Property 2.3 2.3 6.3
Charges for Service 10.1 10.0 9.0
Other 0.4 0.4 2.4
$ 150.4 168.2 162.2
General Fund revenue compromises of seven major revenue categories. The graphs below show the budget to actual of these seven major revenues and also the trends of the City’s two major tax revenues for FY 2023-24 when compared to prior years.
Sales and transaction tax revenues increased to $58.2 million, $14.5 million higher than last year’s $43.7 million sales and transaction tax revenues, primarily due to the new Measure P Tax, which contributed $17.8 million. Property Tax and Property Tax in Lieu (MVLF) together increased to $37.7 as property values continued to rise from changes in ownership.
Property Taxes (37.6) Sales Tax (58.2)
citywide revenue for the year ended june 30, 2024
(in millions)
General Fund
Non-General
Fund TOTAL
REVENUES $ 162.2 $ 154.0 $ 316.2
13 General Fund Expenditures
The City’s General Fund
supports police, fire,
development, public works,
and administrative services to
the City’s 121,558 residents,
other City programs,
businesses, and visitors.
During FY 2023-24, the General
Fund expended $102 million in
labor costs for 505 authorized
full-time positions. Labor costs
are 69% of General Fund’s total
expenditure.
Total expenditures were
$7 million below the final
appropriations, mainly the
result of departments’ who
came under their approved
expenditure budgets.
Expenditure savings of $3.5
million came from services
and supplies and $2.3 million
from salary savings.
General Fund Expenditure budget and actual
for the year ended june 30, 2024 (in millions)
Original
Budget
Final
Budget
Actual
Amounts
Legislative and Advisory $ 0.3 $0.3 $ 0.3
Executive 3.2 3.4 2.7
Finance 2.6 2.8 2.4
Human Resources 2.5 2.5 1.8
Law 2.2 2.0 1.6
Economic Development 2.1 1.9 1.7
Planning and Development Services 6.4 6.4 5.2
Fire Services 32.8 32.6 34.2
Police Services 57.8 55.6 53.9
Public Works 10.4 10.0 9.3
Information Technology 1.8 1.7 1.8
Non-Departmental 1.6 9.4 6.5
Debt Service - Principal - - 0.1
TOTAL EXPENDITURES $ 123.7 $ 128.6 $121.5
Police and Fire
expenditures
make up 73%
of the total
General Fund
expenditures.
police
and fire
14 General Fund Balance
To measure the General Fund’s liquidity, it is
useful to compare the unassigned fund balance
to total fund expenditure. As of June 30, 2024, the
General Fund had a total fund balance of $78.9
million, $14.3 million higher than prior year. Of
the total fund balance, unassigned fund balance
was $30.0 million, which represents 22% or 2.6
months of the subsequent year’s General Fund
annual operating budget (including Measure B
programs).
The four components of the City of Vallejo
General Fund balance as of June 30, 2024 are:
NONSPENDABLE FUND BALANCE
Items that do not represent available, spendable
resources even though they are a component of
assets. These include resources that inherently
cannot be spent such as prepaid rent or the long-
term portion of loans receivable.
RESTRICTED FUND BALANCE
Items that are subject to enforceable legal
restrictions such as: restrictions imposed by
constitution, creditors, or laws and regulations
that require the resources are used only for
specific purposes.
ASSIGNED FUND BALANCE
Items the City intends to be used for a specific purpose, but they are neither restricted nor committed.
UNASSIGNED FUND BALANCE
Items that represent residual amounts that have not been restricted, committed or assigned.
$ 0
$ 5
$ 1 0
$ 1 5
$ 2 0
$ 2 5
$ 3 0
4 . 0
2 6 . 9
1 8 . 0
3 0 . 0
4 . 2
2 2 . 6
1 2 . 8
2 5 . 0
No n s p e n d a b le R e s t r ic t e d A s s ig n e d U n a s s ig n e d G e n e r a l F und Ba l a n c e F o r t h e y ear e n d e d J u n e 30, 2 0 24 a n d 202 3 ( I n m i l lio n s )
FY 23-24 FY 22- 2 3
15 Long-Range
Financial forecast
The City regularly utilizes the General Fund long-
term financial forecast to help the City plan for
the future by providing an understanding of
available funding while evaluating financial risks
and identifying future commitments and resource
demands. The table below provides the current
five-year view of the City’s fiscal condition and
incorporates both operating and capital needs in
the community.
The City operates with a balanced budget in fiscal
year 2024-25 where recurring revenues are equal to
recurring expenditures. The five years’ projection
anticipates any potential challenges that might
arise and takes corrective action through budget or
operational adjustments.
The City regularl y utilizes the General
Fund long-term financial forecast to
help plan for ...
The key to retaining our future fiscal stability lies
in continuing our focus on economic development
activities that generate new revenues. The City is
always seeking program efficiencies and savings
across the organization in order to address the
ongoing budgetary challenges due to rising pension,
health care and general liability costs.
In addition, the City’s Capital Improvement Program
(CIP) is planned for five years and analyzed using
City-specific prioritization criteria. This is updated
regularly to reflect changing needs, funding
availability and removal of projects which have
been completed. The CIP budget for 2024-25 is
$8.7 million. Funding comes from multiple sources,
including General fund transfers, fees, grants, and
bond proceeds.
Popular Annual
Financial Report
GENERAL FUND LONG-TERM FORECAST THROUGH FISCAL YEAR 28/29 (IN MILLIONS)
FY 24/25
Adopted
FY 25/26
Projected
FY 26/27
Projected
FY 27/28
Projected
FY 28/29
Projected
Revenues/ Transfers In $ 134 $ 137 $ 142 $ 147 $ 152
Expenses/ Transfers Out 134 137 143 148 155
(Deficit)/ Surplus for Year - - (1) (1) (3)
Ending Available Balance $ 24 $ 24 $ 23 $ 22 $ 19
16 Water Fund
The Water Fund is the City’s biggest enterprise fund.
The enterprise funds’ measurement focus is income
determination, financial position, and cash flows. These funds are used to finance and account for the acquisition, operation, and maintenance of the City’s water facilities and services which are supported primarily by user charges. The above table is a brief analysis of the four-year trends of the City’s Water Fund.
The Water Fund is used to account for the production and distribution of water to residents and businesses located within the City. Water service is also provided outside the City limits to Travis Air Force Base and to the City’s Lakes Water System area in unincorporated Solano and Napa
Counties.
Total net position of the Water Fund at June 30, 2024 was $103 million, up by $16.3 million from the previous year.
This amount includes an unrestricted net position of $32.1 million which may be used to support the Water Fund’s
operating and capital requirements. The Water Fund
generated $64.4 million in total revenues during the year to support $48.1 million in total expenses for an overall net increase in net position of $16.3 million. The rate structures adopted in 2017 and 2019 continued to help the water fund generate sufficient revenues to operate and maintain the Vallejo Municipal Water System in a fiscally sound manner.
WATER FUNDS FOUR YEAR TRENDS THROUGH FISCAL YEAR 23/24
(IN MILLIONS)
FY 20/21 FY 21/22 FY 22/23 FY 23/24
Revenues/ Transfers In/Capital Contributions $ 49.7 $ 50.2 $ 55.8 $ 64.4 Expenses/ Transfers Out 40.9 40.2 47.1 48.1
(Deficit)/ Surplus for Year $ 8.8 $ 10.0 $ 8.7 $ 16.3 Popular Annual
Financial Report
17 The City’s investments are in compliance with the City’s investment policy, which emphasizes safety, liquidity and return on its investments. The portion of the portfolio not invested in the California Local Agency Investment Fund (LAIF) is invested with the City’s investment advisor. The City also held $4.6 million in bank balances and $94.8 million was held by fiscal agents as of June 30, 2024. Also, as of this date all of the City’s rated investments are rated “A” or higher. See Note 2 in the City’s FY 2023-24 ACFR for additional information regarding the City’s investments.
LESS TH AN 1 YEAR 1 - 3 YEARS 3 - 5 YEAR S
79%
9%
12%
By Maturity Date
cash and investments
Market Value Percentage
Cash on hand $ 8,950 0%
Deposits 4,574,509 1%
Investments 383,783,279 99%
$ 388,366,738 100%
Market Value Percentage
Investment Type
U.S. Government Agencies $ 17,727,764 5%
U.S. Treasury Notes 120,793,152 31%
Asset Backed Securities 5,475,415 1%
Supranational 1,752,668 0%
Collateralized Mortgage Obligations 2,520,983 1%
Corporate Medium Term Notes 25,542,699 7%
Money Market Mutual Funds 146,995,574 38%
LAIF 62,975,024 16%
Total Market Value $ 383,783,279 100%
investments
as of june 30, 2024
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31%
6% 1%
By credit rating
A A A A A 1 T O AA3
A 1 TO A 3 E X E M P T N O T R A TE D
26%
36%
18 For FY 2023-24, the value of the City’s capital assets were $476.5 million. The City uses capital assets to perform and deliver various services to its residents.
Major capital asset events include street improvements, acquisition of various vehicles, various pipeline
replacement, repairs, and equipment upgrades. There
was a net increase in the capital assets primarily due to new construction-in-progress projects (increased by $26.2 million.) Governmental net capital assets increased by $19.8 million and the business-type net capital assets
increased by $2.9 million.
Capital Assets
Popular Annual
Financial Report
The City uses capital assets to perform and deliver
various services to its residents.“ “
Governmental Business-Type Total
FY 23/24 FY 22/23 FY 23/24 FY 22/23 FY 23/24 FY 22/23
Land $ 116.1 $ 116.1 $ 17.4 $ 17.4 $ 133.5 $ 133.5 Building and improvement 55.5 59.8 23.8 25.0 79.3 84.8
Machinery and equipment 15.1 16.0 10.3 9.6 25.4 25.6
Infrastructure 125.4 123.0 43.6 45.9 169.0 168.9
Construction/Subscription
In Progress 44.8 24.2 20.2 14.6 65.0 38.8
Lease Assets 3.6 - - 0.1 3.6 0.1
Subscription Assets 0.4 2.0 0.3 0.1 0.7 2.1
Total $ 360.9 $ 341.1 $ 115.6 $ 112.7 $ 476.5 $ 453.8 19 Long-term
obligations
The table on page 21 summarizes the City’s long-term
obligations at June 30, 2024 and 2023.
Overall, the City’s long-term debt principal decreased
from $109.4 million at June 2023 to $102 million at June 2024. This $7.4 million decrease is due to scheduled
debt service payments.
Claims and Judgments are reported at their present
value using future investment yield assumptions of
3%. Compensated absences consists of vested vacation
leave, sick leave, and compensatory time off.
The City’s total net pension liability with CalPERS for FY 2023-24 was $347.7 million, based upon a measurement
date of June 30, 2023. This represents a 61.7% funding
of the total pension liability of $908.4 million. In 2013, the City proactively made a supplemental contribution
of $6.5 million to CalPERS to begin plan stabilization. In August 2017, the City established an Internal Revenue
Code (IRC) Section115 Trust with the Public Agency
Retirement Services (PARS) organization and made a
total contribution including investment earning in the
amount of $22.2 million as of June 30, 2024.
During 2013-14, the City made an initial $10 million
contribution to a dedicated and irrevocable retiree
health benefits trust fund to begin to provide the
resources necessary to ensure long-term funding
for its OPEB obligation. On June 30, 2024, the City’s irrevocable trust fund balance with California Employer’ Retiree Benefit Trust (CERBT) were $29.6 million
including investment earnings, funding 88% of the
City’s total OPEB liabilities of $33.7 as of the million as of the June 30, 2023 measurement date.
Popular Annual
Financial Report
20 Long-term obligations as of june 30, 2024 and 2023
(in millions)
ACFR Source FY 23/24 % of Total FY 22/23 % of Total
Certificates of Participation $ 1.7 0% $ 1.9 0%
Financed Purchases 1.3 0% 1.8 0%
Revenue Bonds 69.4 14% 74.2 15%
Loans & Notes Payable 29.6 6% 31.5 6%
Subtotal Long-Term Debt Note 7 102.0 20% 109.4 29%
Lease and SBITA Payable Note 5 4.4 1% 2.1 0%
Compensated Absences Note 9 13.4 2% 12.7 3%
Net Pension Liability Note 10 347.7 70% 335.0 67%
Net OPEB Obligation Note 11 7.0 1% 8.7 2%
Claims and Judgements Note 13 28.5 6% 28.4 6%
Total $ 503.0 100% $ 496.3 100%
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Vallejo, California 94590
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ACTION ITEM 9.B.
DATE: March 25, 2025
TO: Mayor and Members of the City Council
FROM: Andrew Murray, City Manager
Rekha Nayar, Finance Director
SUBJECT: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
RECOMMENDATION
Adopt Resolution (Attachment A) to amend the City's Fiscal Year 2024-25 Adopted Budget (Exhibit 1).
REASONS FOR RECOMMENDATION
The City annually reviews expenditures at the middle of the fiscal year (Mid-Year) to adjust budgeted expenditures and transfers based upon actual experience during the first six months of the fiscal year and update projections for anticipated expenditures during the second half of the year. This is the second step in a two-step process to amend the budget in order to reflect changes in revenue, expenditures and transfers that were approved by City Council at the March 11, 2025, Council Meeting (Step 1).
BACKGROUND AND DISCUSSION
This report updates FY 2024-25 financial projections for General Fund Revenues & Expenditures, Salary Savings Realloaction, and Other Funds and proposes current year budget amendments for all funds to reflect the City’s evolving economic condition and operational needs.
The discussion below is presented in the following sections:
I. General Fund FY 2024-25 Projections
A. FY 2024-25 General Fund Revenue Changes
B. FY 2024-25 General Fund Expenditure Changes
C. FY 2024-25 General Fund Salaries and Benefit Changes II. Measure P Revenue and Expenditures
III. Other Funds: Changes of Note
Below is a summary of the updated General Fund projections:
A. FY 2024-25 General Fund Revenue Changes
General tax revenues are expected to decrease by $946,216 from the prior projection as follows:
• Property tax revenue has decreased by $205,953 over the previous projection. This is based on the current information derived from Solano County's most recent report. • Based on our consultant’s sales trends, we anticipate a decrease of $476,611 in sales tax revenue as compared to budgeted numbers. Sales tax revenue is attributed to autos and transportation, inflation and interest rate trends, labor costs, fluctuating prices of taxable products and consumer spending.
Date: March 25, 2025
Subject: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
• Utility User's Tax revenue is proposed to increase by $942,886 based on actuals received in Q1 & Q2 of FY 2024-25.
• The business license tax is anticipated to increase by $216,978 based on our consultant's analysis of actual payments received and estimated renewals for the remainder of the fiscal year.
Departmental program revenues are expected to decrease by $1,423,516 due to a decrease in permit fees for Planing & Developmental Services and Public Works.
B. FY 2024-25 General Fund Expenditure Changes
Below is a summary of the General Fund Expenditure changes approved by the Council on March 11, 2025:
Council
• Increase of $3,000 for Council meals provided during special meetings, closed sessions and study sessions.
City Manager
• Increase of $175,000 for an unhoused strategic plan consultant. An RFP was conducted to provide the following services: review the current operations of the City, review available resources and the strategic plan of Solano County to identify gaps and duplications in services across organizations, and recommend a specific strategy to address homelessness in Vallejo. • Increase of $22,598 for CAP Solano JPA for the FY 2024-25 invoice contract as part of an MOU partnership agreement.
Economic Development:
•
o Increase of $24,450 for Century Urban, LLC Agreement to pay for economic assessment and study of the city-owned waterfront site at 50 Solano. o An additional $10,000 for Solano Business Development Center (SBDC) service agreement to provide monthly advice to Vallejo clients and small business owners and offer training for participants in the MEHKO program
o An increase of $4,500 for professional services Smith & Associates to provide the market value of 50 Solano Avenue.
o In addition, Council requested the following expenditure to be added to the FY 2024-25 Budget: The City Council is recommending $125,000 be allocated to fund grants to our local small businesses who have suffered negative impacts resulting from break-ins, robberies, and vandalism.
• Fire:
• An increase of $18,000 for Fire Fee Study.
Date: March 25, 2025
Subject: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
Human Resources:
• Increase of $77,000 for recruitment costs. There were four (4) executive level recruitments required after adoption of the budget. Executive-level recruitments are larger scale recruitments necessitating a lot of attention, connections/networks, and capacity to plan and execute successfully.
• An increase of $7,000 for publicity and advertising.
Planning and Development Services:
• An increase of $44,000 for Building and Planning Fee Study. • An increase of $50,000 for Development Impact Fee Study.
Police:
• An increase of $25,000 for Veritone provides essential redaction services which will reduce the amount of staff time required for these tasks.
C. FY 2024-25 General Fund Salaries and Benefit Changes • Citywide salary savings of $6,650,000 during the FY 24-25 annual budget are being reallocated to departments during midyear.
II. Measure P Revenue and Expenditure
Measure P sales tax revenue is expected to decrease by $293,000 from the prior year projection.
Sales tax revenue is attributed to autos and transportation, inflation and interest rate trends, labor costs, fluctuating prices of taxable products and consumer spending.
Below is a summary of the Measure P Expenditures approved by Council on March 11, 2025:
Fire
• Increase protective equipment by $85,000.
• Increase in thermal imaging cameras for $70,000
• Increase Standard of Cover by $75,000
Transfers:
• A transfer of $300,000 to Fund #228 PDRAD for the Police department for the modular dispatch center.
• A transfer of $20,000 to Fund #228 PW9802 for Bay Trail/Vine Trail maintenance and repair. • A transfer of $100,000 to Fund #228 PW9709 for the Intersection Improvement Project.
Date: March 25, 2025
Subject: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
III. Other Funds: Changes of Note
Outside Funded Services Fund (#129): An additional $93,836 to cover anticipated expenditures through the end of FY 2024-25.
State Gas Tax (#133): Requesting $250,000 to cover gas and electricity bills through the end of the fiscal year due to a rate increase. Electricity charges for traffic signals, streetlights and other traffic and road safety functions are paid from the Gas Tax Fund.
Solid Waste Disposal Fund (#135) :An additional $1,046,071 in revenue is allocated to fully cover anticipated payments to Recology for unpaid garbage bills.
Supplemental Law Enforcement Grant Fund (#151): Additional funding of $368,500 to cover VPD- Flock Safety and AXON safety services.
Somerset I and II Fund (#173): An additional $10,000 is needed for a tree project in Region 7, District 173 (Somerset I & II). This funding will support the ongoing efforts to enhance the green spaces in these areas.
Woodridge LMD Fund (#174): Additional funds are needed for tree work to ensure firebreak compliance in Region 3, District 174 (Woodridge). Specifically, an additional $10,000 is required to support these efforts and maintain safety standards in the area.
College Hills Fund (#175): Additional funds are needed for water expenses in Region 1, District 175.
An additional $3,000 is required to cover costs through June 2025.
Bordoni Ranch LMD Fund (#177): Additional funds are required for PG&E bills due to an increase in costs. An extra $300 is needed to cover these expenses through June 2025.
Garthe Ranch LMD Fund (#180)
• Additional funds are required for PG&E bills due to an increase in costs. An extra $700 is needed to cover these expenses through June 2025.
Glen Cove I and II Fund (#182): Additional funds are required for PG&E bills due to an increase in costs. An extra $500 is needed to cover these expenses through June 2025.
Garthe Ranch Est Fund (#188)
• Additional funds are required for PG&E bills due to an increase in costs. An extra $400 is needed to cover these expenses through June 2025.
Capital Outlay Fund (#201): Correction to transfer Traffic Congestion Relief Funds from Fund 219 into Fund 201 to correct account.
• Transfer the revised FY 23-24 Measure P budget of $5,000,000 to Fund #228.
Date: March 25, 2025
Subject: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
Traffic Congestion Relief Fund (#219): This adjustment of $60,000 will involve reallocating funds from Fund 201 MY2304 back to Fund 219, thus restoring the funds to their appropriate allocation within Fund 219 MY2304.
Capital Grant & Contribution Fund (#221)
• Correction to reduce the HUD grant funding available to the grantee by $55,488 to align with grant award.
Measure P Fund (#228)
• Transfer the revised FY 23-24 Measure P budget of $5,000,000 from Fund #201 to Fund #228. • A transfer of $300,000 from Fund #005 to Fund #228 PDRAD for Police department for modular dispatch center.
• A transfer of $20,000 from Fund #005 to Fund #228 PW9802 for Bay Trail/Vine Trail maintenance and repair.
• A transfer of $100,000 from Fund #005 to Fund #228 PW9709 for Intersection Improvement Project.
Fleet Vehicle Fund (#501): The increase of $220,000 for fuel and lube supplies due to the California Air Resources Board voting to make updates to low-carbon fuel standards which requires state to reduce the environmental impact of gas and other transportation fuels by incentivizing producers to cut emissions.
FISCAL IMPACT
Exhibit 1 to the Resolution summarizes the proposed financial impacts on the overall City budget, including the General Fund and all other funds. The proposed amendments to the FY 2024-25 Budget will have the following fiscal impacts:
1. General Fund revenue will decrease by $946,216 while Expenditure and transfer out will increase by $585,548. A total fiscal impact of $1,531,764 will be drawn from the fund balance.
2. Measure P revenue will decrease by $293,000. Expenditure will increase by $650,000, which will all be covered by FY 24/25 estimated revenues.
3. All Other Funds' budgets will increase by $1,360,583 in revenues and transfers in, and $2,055,353 in expenditure and transfers out. The $704,770 net additional costs will be drawn from the fund balance.
ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) because it is not a project which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.
ATTACHMENTS
1. A Resolution to Amend the City's FY 24-25 Budget CAO Stamp Date: March 25, 2025
Subject: ADOPT A RESOLUTION TO AMEND THE FISCAL YEAR 2024-25 BUDGET, MID-YEAR FOR GENERAL FUND REVENUE & EXPENDITURE AND OTHER FUNDS (STEP 2 OF 2)
2. Exhibit 1 FY 24-25 Midyear budget journal Other Funds & General Fund
CONTACT
Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Attachment A
Approved as to form:
By: for
Veronica Nebb, City Attorney
RESOLUTION NO. 25-_____ N.C.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO TO AMEND THE FISCAL YEAR 2024-25 BUDGET
WHEREAS, in June 2024, the City Council adopted a budget for Fiscal Year 2024-25; and WHEREAS, City Charter Section 703 requires that available funds not included in the budget may be appropriated by City Council after giving one week’s notice of intention to do so; and WHEREAS, on March 11, 2025 City Council gave notice of its intention to amend the City’s budget for Fiscal Year 2024-25; and
WHEREAS, staff is proposing that the General Fund revenue be decreased by $946,216 and expenditures be increased by $585,548 and that staff is proposing to draw down assigned reserves by $1,531,764 as set forth in Exhibit 1 and of this Resolution; and WHEREAS, staff is proposing that the Measure P revenue be decreased by $293,000 and expenditures be increased by $230,000 and transfers out appropriations be increased by $420,000, as set forth in Exhibit 1 and of this Resolution; and WHEREAS, staff is proposing that Other City Fund revenue be increased by $990,583 respectively and transfers in budgets be increased by $360,000 respectively and expenditures be increased by $2,115,353 respectively and transfer out be decreased by $60,000 and draw down for fund balance $704,770 as set forth in Exhibit 1 of this Resolution; and WHEREAS, the Council has considered the report and recommendations of the City Manager on the budget amendments and has determined that the budget amendments are both fair and appropriate.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Vallejo, pursuant to Charter Section 703, does hereby approve the amendment of the City’s budget for Fiscal Year 2024-25 by changing certain revenue, expenditures and transfers estimates, as set forth in Exhibit 1 of this Resolution, which is by this reference incorporated herein; BE IT FURTHER RESOLVED by the City Council, any net revenue balance from the General Fund will be used towards rebuilding of restricted and/or unrestricted reserves.
Adopted by the Council of the City of Vallejo at a regular meeting held on March 25, 2025 with the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ANDREA SORCE, MAYOR
Attachment A
ATTEST: ______
DAWN G. ABRAHAMSON, CITY CLERK
City of Vallejo
2024-25 Midyear Budget Review
Proposed Budget Adjustments
Exhibit 1
SUMMARY Revenue Transfer In Expenditure Transfer out
Inc./Dec.
Fund Balance 1
Ref # General Fund
To update the June 30, 2024 total beginning available fund balance assumption for unaudited FY 2023-24 results:
Transfer from General Fund# 001 - - - (3, 516,065) - Transfer from Measure B Fund# 003 - - - (1, 426,970) - Transfers to Unappropriated Reserve Fund # 002 - - - 4, 943,035 - - - - - - Increases (Decrease) in Projected Revenues:
1 Property-related taxes (205,953) - - - - 2 Sales tax (213,687) - - - - 3 Other unrestricted revenues (including offsets) 1,159,864 - - - - 740,224 - - - - 4 Program revenues (1,423,516) - - - - Total Revenue Adjustments (683,292) - - - ( 683,292) Increase (Decrease) in Projected Expenditures:
Salaries & Benefits, and related expenditures:
6 Police - - (3, 332,400) - - 7 Planning & Development Services - - ( 980,100) - - 8 Economic Development - - ( 142,700) - - 9 Public Works - - ( 505,900) - - 10 Administration - - (1, 688,900) - - 11 Citywide - - 6, 650,000 - - Subtotal - - - - - Departmental expenditures (Service and Supplies)
6 Police - - 25,000 - - 5F i r e - - 18,000 - - 7 Planning & Development Services - - 94,000 - - 8 Economic Development - - 163,950 - - 10 Administration - - 284,598 - - Total Expenditure Adjustments - - 585,548 - ( 585,548) Total Salaries & Expenditures - - 585,548 - ( 585,548) Fund 001 Net Operational Change (683,292) - 585,548 - (1, 268,840) - - -
TRANSACTION TYPE
Ref # Revenue Transfer In Expenditure Transfer out
Inc./Dec.
Fund Balance 1
General Fund Measure B #003
2 Decrease in Projected Revenue (262,924) - - - ( 262,924) (262,924) - - - ( 262,924) General Fund Measure P #005
2 Decrease in Projected Revenue (293,000) -
Increase in Projected Expenditures
5F i r e 230,000
6 Police 300,000
9 Public Works 120,000
(293,000) - 230,000 420,000 - -
Total General Fund (1,239,216) - 815,548 420,000 (1, 531,764) Ref # Other Funds
20 Outside Funded Services Fund # 129 - - 93,836 - (93, 836) 21 State Gas Tax # 133 - - 250,000 - ( 250,000) 22 Solid Waste Disposal Fund # 135 1,046,071 - 813,605 - 232,466 23 Supplemental Law Enforcement Grant Fund # 151 - - 368,500 - ( 368,500) 24 Somerset I and II Fund # 173 - - 10,000 - (10, 000) 25 Woodridge LMD Fund # 174 - - 10,000 - (10, 000) 26 College H ills Fund # 175 - - 3,000 - (3, 000) 27 Bordoni Ranch LMD Fund # 177 - - 300 - ( 300) 28 Garthe Ranch LMD Fund #180 - - 700 - ( 700) 29 Glen Cove I and II F und # 182 - - 500 - ( 500) 30 Garthe Ranch Est Fund # 188 - - 400 - ( 400) 31 Capital Outlay Fund # 201 - (5, 060,000) (5,060,000) - - 32 Traffic Congestion Relief Fund # 219 - - 60,000 (60, 000) - 33 Capital Grant & Contribution Fund # 221 (55,488) - (55, 488) - - 34 Measure P Fund# 228 - 5, 420,000 5,420,000 - - 35 Corporation Shop Fund # 501 - - 200,000 - ( 200,000) Total, 2023-24 Other Funds Adjustments 990,583 360,000 2, 115,353 (60, 000) ( 704,770) - - - - - Note: 1 Draw from assigned reserves -
2 of 11
Ref # General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Revenues
General Tax and Other Unrestricted Revenues:
To update general tax/unrestricted revenues to match current projections:
Property-related taxes:
1 Property Tax (180,347) - - - - 1 SB 1096 Vehicle License Fee (25,606) - - - - Sales Tax
2 Sales Tax (213,687) - - - - Other unrestricted revenues:
3 Utility Users Tax 942,886 - - - - 3 Business License Tax 216,978 - - - - Subtotal others 1,159,864 - - - - Subtotal General tax and others 740,224 - - - - Program Revenues
To update department revenue projections:
Fire
4 Ambulance Savings 344,301 - - - - 4 East Vallejo Fire District 32,064 - - - - 4 Fire Fees 22,200 - - - - 4 Misc Fire Revenues 3,200 - - - - Subtotal - Fire 401,765 - - - - Planning and Development Services
4 Building Fees (1,108,507) - - - - 4 Planning Fees (118,372) - - - - 4 Code Enforcement (238,402) - - - - Subtotal - Planning and Development Services (1,465,281) - - - - Public Works
4 Public Works Fees (362,500) - - - - 4 Misc Public Works Revenue 2,500 - - - - (360,000) - - - - Subtotal - Program Revenues (1,423,516) - - - - Total Revenue Adjustments (683,292) - - - ( 683,292) 2 Transaction and Use Tax Measure B (262,924) - - - ( 262,924) 2 Transaction and Use Tax Measure P (293,000) - - - Total General Fund Revenues (1,239,216) - - - ( 946,216) 3 of 11
Ref# General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Expenditures - Salaries & Benefits
Salaries & Benefits:
Reallocate Salaries Saving Budget from Citywide to Departments 6 Police - - (3, 332,400) - - 7 P&DS - - ( 980,100) - - 8 Economic Development - - ( 142,700) - - 9 PW - - ( 505,900) - - 10 City Manager's Office - - ( 862,400) - - 10 City Attorney's Office - - ( 206,000) - - 10 Finance - - ( 486,800) - - 10 HR - - ( 117,800) - - 10 Information Technology - - (15, 900) - - 11 Citywide - - 6, 650,000 - - Subtotal of Salaries Saving Budget - - - - - Ref # General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Expenditures - Service & Supplies
Council
10 3,000
City Manager's Office
10 175,000
10 22,598
Council Meals provided during special meetings which occurs prior to 6pm, closed session and study sessions
Increase professional serivces for unhoused strategic plan An RFP was conducted to include but not limited to reviewing the current operations of the City, reviewing available resources and the strategic plan from Solano County, identifying gaps and duplications in services across organizations, and recommending a specific strategy to address homelessness in Vallejo
Increase professional serivces for CAP Solano JPA
As part of an MOU partnership agreement to cover staffing cost of 6.5 FTE, ITinfrastructure, office space, furniture, utilities, insurance and other overhead expenses. 4 of 11
Ref # General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Economic Development Department
8 - - 24,450 - 8 - - 10,000 - 8 - - 4,500 - 8 - - 125,000 - Expenditures - Service & Supplies
Fire
5 - - 18,000 - Increase Professional Services - MGT Fee Study A fee study is an analysis conducted to determine the appropriate charges for services based on the cost of providing those services. The vendor, MGT Consulting, will conduct a fee study for the Fire. They will also identify peer comparisons, gather data, prepare a narrative report, develop presentation materials, and deliver final presentations to the City.
Increase Professional Services for Century Urban
The City is conducting an economic assessment of its waterfront site at 50 Solano, and technical support from Century Urban is essential for this study. The evaluation will cover identifying the highest and best use of the site, preparing a conceptual program for potential new development, and creating a high-level economic model. It will also include a revenue analysis to determine potential city revenue from the development, an estimate of the economic and fiscal benefits of extending the Waterfront Specific Plan tothe south, and an estimation of the residual land value for the proposed development. A confidential memorandum summarizing the economic and fiscal analysis findings will beprepared and delivered to the City Attorney.
Increase Professional Services for Solano Business Development Center (SBDC) SBDC will partner with economic development entities in Solano, like the Vallejo Business Alliance and local associations, to offer at least 30 hours of monthly advising to Vallejo clients.
They will also host round tables, provide MEHKO training, manage outreach, promote SBA loans, run training programs (like the Lenders Fair), and offer six workshops. Reports will be submitted to the City with presentations as needed. This request covers the invoice for these services.
Increase Professional Services for Smith & Associates
To provide an opinion on the current market value of 50 Solano Avenue, considering the property in its current, vacant state. The purpose of this report is for internal analysis and to evaluate the potential sale of the property.
Increase Hardening Grant
The City Council recommends allocating funds for local small businesses impacted by break- ins, robberies, and vandalism. Grants up to $3,000 may be awarded for security improvements like cameras, locks, and window enhancements. Eligible applicants include for- profit and non-profit brick-and-mortar businesses in Vallejo with a valid business license and 20 or fewer employees. Receipts for security items purchased before the grant application are required for funding.
5 of 11
Ref # General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Human Resources
10 - - 77,000 - 10 - - 7,000 - Planning and Development Services
7 - - 44,000 - 7 - - 50,000 - Police
6 - - 25,000 - Subtotal - - 585,548 - ( 585,548) Subtotal, General Fund #001 Use of Current Resources (946,216) - 585,548 - (1, 531,764) Increase Publicity & Advertising
This request is due to an uptick in recruitments for FY 24-25. General recruitment advertising is estimated at $500 per recruitment, with approximately 30 recruitmentsrequiring advertising.
Additionally, police advertising costs are projected to be approximately $1,600 for the remainder of the fiscal year.
Increase Professional Services - MGT Fee Study
A fee study is an analysis conducted to determine the appropriate charges for services based on the cost of providing those services. The vendor, MGT Consulting, will conduct a fee study for the Building, Planning and TRL departments. They will also identify peer comparisons, gather data, prepare a narrative report, develop presentation materials, and deliver final presentations to the City.
Increase Professional Services - Willdan Financial Services A development impact fee study is pursuant to State Law. The vendor, Willdan Financial Services, will conduct a fee study by estimating existing development andfuture growth, identify facility standards, determinefacilities required to serve newdevelopment and their costs, calculate fee scheduel, prepare a narrative report, develop presentation materials, and deliver final presentations to the City.
Increase Veritone redaction services
Veritone provides essential redaction services, significantly reducing the amount of staff time required for these tasks. We plan to use existing funds to pay outstanding invoices but require additional funding to cover a new year of service. The contract for the upcoming year is currently being negotiated with the assistance of the Chief Administrative Officer (CAO).
Increase Recruitment Cost
This request addresses increased recruitment activities in FY24-25, covering costs for executive recruitments, public safety promotional assessments, and recruitment tests for various positions. It includes expenses for supplies, meals for raters and panels, career fair supplies, and venue usage. These funds ensure the successful recruitmentand assessment of essential personnel to support the city's operations. 6 of 11
Ref # General Fund Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Measure P Fund
Expenditures - Service & Supplies
Maintain emergency medical response
5 85,000
5 70,000
5 75,000
Maintain crime prevention
6 300,000
Repair deteriorating neighborhood streets, roads and sidewalks 9 20,000
9 100,000
Subtotal - - 230,000 420,000 ( 650,000) Subtotal, Measure P Fund #005 Use of Current Resources (293,000) - 230,000 420,000 ( 650,000) Total, 2024-25 General Fund Adjustments (1,239,216) - 815,548 420,000 (2, 181,764) Transfer out to Unapproppriated Reserve Fund#002 - - - 3, 516,065 - Total, 2024-25 General Fund Unappropriated Reserves Adjustments - - - 3, 516,065 - Unappropriated Reserve Fund # 002
Transfer in from General Fund # 001 and Measure B Fund# 003 - - - (4, 943,035) - Total, 2024-25 General Fund Unappropriated Reserves Adjustments - - - (4, 943,035) - Measure B Fund # 003
Transfer out to Unapproppriated Reserve Fund#002 - - - 1, 426,970 - Total, 2024-25 General Fund Unappropriated Reserves Adjustments - - - 1, 426,970 - Protective Equipment for Fire Department
Thermal Imaging Camera for Fire Department
Standards of Cover
Transfer to Fund #228 into PD Radio Repeaters PDRAD
Police Department Modular Dispatch Center (Ref #34)
Transfer to Fund #228 into Bay/Vine Trail Project PW9802 Bay Trail/Vine Trail maintenance and repair (Ref #34)
Transfer to Fund #228 into HSIP Cycle 10 Pedestrian PW9709 Intersection Improvement Project (Ref #34)
7 of 11
Ref# Other Funds Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Outside Funded Services Fund # 129
20 - - 93,836 - (93, 836) Subtotal - - 93,836 - (93, 836) State Gas Tax # 133
21 - - 250,000 - ( 250,000) Subtotal - - 250,000 - ( 250,000) Solid Waste Disposal Fund # 135
22 1,046,071 - 813,605 - 232,466 Subtotal 1,046,071 - 813,605 - 232,466 Supplemental Law Enforcement Grant Fund # 151
23 - 298,500 - ( 298,500) 23 - 70,000 - (70, 000) Subtotal - - 368,500 - ( 368,500) Somerset I and II Fund # 173
24 - - 10,000 - (10, 000) Subtotal - - 10,000 - (10, 000) Increase Region 7 Rehab
An additional $10,000 is needed for a tree project in Region 7, District 173(Somerset I & II). This funding will support the ongoing efforts to enhance the green spaces in these areas. Paid through fund balance.
Outside Funded Services Balance Adjustment
Additional budget to cover anticipated expenditures through the end of FY 2024-25 Increase Gas & Electricity
The allocatedbudget is insufficient to covergas and electricity bills through the end of the fiscal year. Additionally, PG&E will implement a 1.6% rate increase effective 2025. Electricity charges for traffic signals, streetlights, and other traffic and road safety functions are paid from the Gas Tax fund (Fund 133), with monthly charges totaling approximately $83,000. An additional budget is needed to cover these costs through the end of FY24-25. Paid through fund balance.
Increase Garbage Disposal Assessments
Additional budget is needed to cover annual payments of unpaid garbage bills to Recology. The FY 24-25 payment to recology covering April 2023 to March 2024, totals $2,322,692.57. The FY24-25 budget was only for $1,509,088 resulting in a shortfall of $813,605. Delinquent amounts are added to property tax assessments,and the City is paying those bills from the Solano County remittance of delinquent garbage assessments.
Increase VPD-Flock Safety
The fund balance in SLEF will need to be reallocated to cover the Flock Safety invoice 46358, which is due on September 25, 2024.
Increase saftey services AXON
This request is due to a new contract with Axon Enterprise, Inc. Axon has been providing important hardware, software, and services to the Vallejo Police Department, including body-worn and in-car camera systems, Taser equipment, and data storage solutions. 8 of 11
Ref# Other Funds Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Woodridge LMD Fund # 174
25 - - 10,000 - (10, 000) Subtotal - - 10,000 - (10, 000) College Hills Fund # 175
26 - - 3,000 - (3, 000) Subtotal - - 3,000 - (3, 000) Bordoni Ranch LMD Fund # 177
27 - - 300 - ( 300) Subtotal - - 300 - ( 300) Garthe Ranch LMD Fund #180
28 - - 700 - ( 700) Subtotal - - 700 - ( 700) Glen Cove I and II Fund # 182
29 - - 500 - ( 500) Subtotal - - 500 - ( 500) Garthe Ranch Est Fund # 188
30 400 ( 400)
Subtotal - - 400 - ( 400) Increase Region 7 Gas & Electric
Additional funds are required for PG&Ebills due toan increase in costs. Anextra $400 is needed to cover these expenses through June 2025. Paid through fund balance.
Increase Region 3 Rehab
Additional funds are needed for tree work to ensure firebreak compliance in Region 3, District 174 (Woodridge). Specifically, an additional $10,000 is required to supportthese efforts and maintain safety standards in the area. Paid through fund balance.
Increase Region 1 Water
Additional funds are needed for water expenses in Region 1, District 175. Currently, there is $1,000 budgeted, but the account shows a negative balance of $2,125.40. Anadditional $3,000 is required to cover costs through June 2025. Paid through fund balance.
Increase Region 7 Gas & Electric
Additional funds are required for PG&Ebills due toan increase in costs. Anextra $300 is needed to cover these expenses through June 2025. Paid through fund balance.
Increase Region 7 Gas & Electricity
Additional funds are required for PG&Ebills due toan increase in costs. Anextra $700 is needed to cover these expenses through June 2025. Paid through fund balance.
Increase Region 8 Gas & Electricity
Additional funds are required for PG&Ebills due toan increase in costs. Anextra $500 is needed to cover these expenses through June 2025. Paid through fund balance. 9 of 11
Ref# Other Funds Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Capital Outlay Fund # 201
31 - (60, 000) (60, 000) - - 31 - (2, 000,000) (2,000,000) - - 31 - ( 500,000) ( 500,000) - - 31 - (1, 000,000) (1,000,000) - - 31 - (1, 500,000) (1,500,000) - - Subtotal - (5, 060,000) (5,060,000) - - Traffic Congestion Relief Fund # 219
32 - - - (60, 000) - 32 - - 60,000 - - Subtotal - - 60,000 (60, 000) - Capital Grant & Contribution Fund # 221
33 (55,488) - (55, 488) - - Subtotal (55,488) - (55, 488) - - Correction to align to Grant Award Project PW9442
The HUD grant funding available to the grantee is $1,219,000, while the current budget is set at $1,274,448.
Transfer to Fund #228, Citywide Slurry Seal Project Project PW9745 Transfer the revised FY 23-24 Measure P budget from the Capital Outlay Fundto the new Measure P Fund 228 PW9745. (Ref #34)
Transfer to Fund #228, ADA Curb Ramps Project PW9705
Transfer the revised FY 23-24 Measure P budget from the Capital Outlay Fundto the new Measure P Fund 228 PW9705. (Ref #34)
Transfer to Fund #228, Street Overlay/Preservation Project PWC109 Transfer the revised FY 23-24 Measure P budget from the Capital Outlay Fundto the new Measure P Fund 228 PWC109. (Ref #34)
Transfer to Fund #228, Street Overlay/Preservation Project PWC109 Transfer the revised FY 23-24 Measure P budget from the Capital Outlay Fundto the new Measure P Fund 228 PWC109. (Ref #34)
Correction from Fund 201 to Fund 219 Project PWC109
Adjusting Fund 219 to correct an inappropriate transfer out entry, ensuring funds remain within Fund 219 as originally intended. (Ref #31)
Correction from Fund 201 to Fund 219 Project MY2304
This adjustment will involve reallocating funds from Fund 201 MY2304 backto Fund 219, thus restoring the funds to their appropriate allocation within Fund 219 MY2304. (Ref #31) Correction from Fund 201 to Fund 219 Project MY2304
Due to the inappropriate transfer of Traffic Congestion Relief funds fromFund 219 into Fund 201, there is a need to decrease Fund 201 MY2304 and transfer the funds back to thecorrect account. (Ref #32)
10 of 11
Ref# Other Funds Revenue Transfer In Expenditure Transfer out Inc./Dec.
Fund Balance 1
Measure P Fund# 228
34 - 2, 000,000 2,000,000 - - 34 - 500,000 500,000 - - 34 - 1, 000,000 1,000,000 - - 34 - 1, 500,000 1,500,000 - - 34 - 300,000 300,000 - - 34 - 20,000 20,000 - - 34 - 100,000 100,000 - - Subtotal - 5, 420,000 5,420,000 - - Corporation Shop Fund # 501
Increase Budget for the Following: -
35 - - 200,000 - ( 200,000) Subtotal - - 200,000 - ( 200,000) Total, Other Funds Adjustments 990,583 360,000 2, 115,353 (60, 000) ( 704,770) -
Summary:
Water Funds - - - - - All Other Funds 990,583 360,000 2, 115,353 (60, 000) ( 704,770) Total 990,583 360,000 2, 115,353 (60, 000) ( 704,770) Transfer from Fund #005, Bay/Vine Trail Project PW9802
Bay Trail/Vine Trail maintenance and repair (Ref #2)
Transfer from Fund #005, HSIP Cycle 10 Pedestrian PW9709 Intersection Improvement Project (Ref #2)
Increase Fuel
The current budget is not enough to cover fuel costs through 06/30/2025, and fuel prices are expected to rise in 2025. The California Air Resources Board voted to make significant updates to the low carbon fuel standard, which requires the state to reducethe environmental impact of gas and other transportation fuels by incentivizing producers to cut emissions.
Transfer from Fund #201, Citywide Slurry Seal Project PW9745 Transfer revised FY 23-24 Measure P budget from Fund 201 to Fund 228 (Ref #31) Transfer from Fund #201, ADA Curb Ramps Project PW9705
Transfer revised FY 23-24 Measure P budget from Fund 201 to Fund 228 (Ref #31) Transfer from Fund #201, Street Overlay/Preservation Project PWC109 Transfer revised FY 23-24 Measure P budget from Fund 201 to Fund 228 (Ref #31) Transfer from Fund #201, Street Overlay/Preservation Project PWC109 Transfer revised FY 23-24 Measure P budget from Fund 201 to Fund 228 (Ref #31) Transfer from Fund #005, PD Radio Repeaters PDRAD
Police Department Modular Dispatch Center (Ref #2)
11 of 11
ACTION ITEM 9.C.
DATE: March 25, 2025
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
Mark Helmbrecht, Transportation Program Superintendent
SUBJECT: PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024-2025 CAPITAL IMPROVEMENT BUDGET (STEP 1 OF 2) TO APPROPRIATE AND EXPEND $10 MILLION OF MEASURE P FUNDING FOR THE STREETS PAVING 2025 MEASURE P PROJECT (PROJECT NO. MP2025)
RECOMMENDATION
Provide Notice of Intent to amend the fiscal year (FY) 2024-25 Capital Improvement Budget (Step 1 of 2) to appropriate and expend $10 million of Measure P funding for the Streets Paving 2025 Measure P Project (Project No. MP2025).
REASONS FOR RECOMMENDATION
Improving conditions of Vallejo's roadway network is a key outcome expected to be delivered by the Measure P tax measure. A request for Measure P funding in the amount of $10 million is being made to construct two major pavement rehabilitation efforts during the summer 2025 paving season in an effort to continue the annual, increased investment in improving Vallejo's roadway network.
Per City Charter Section 703, amending the budget requires public notice and intent prior to any action taken.
A staff report recommending amendment of the budget will be presented to City Council at the next regularly scheduled City Council meeting.
BACKGROUND AND DISCUSSION
In Fiscal Year 2023-2024, with the Measure P Oversight Committee's recommendation, the City Council approved an allocation of $5M of Measure P funding to initiate a multi-year investment in improving Vallejo's streets. Of the $5M allocated, $1M was to jump-start the planning and engineering of a ten-year plan. The City has contracted with Nichols Consulting Engineers (NCE) to work on the ten-year planning effort, beginning with identifying the paving program for summer 2025 and initiating the engineering of biddable construction packages.
For the 2025 paving program, Public Works directed NCE to develop both a surface seal project using cape seal for local and residential streets, and also a pavement rehabilitation project using grind and overlay paving for arterial and major collector roadways that carry heavier traffic loads with a total construction budget of $10M for both projects.
Public Works provided NCE with a list of major streets that need improvement to include in the early years of the 10-year plan. NCE also queried Vallejo's StreetSaver database for street segments within certain pavement condition index (PCI) ranges that are appropriate for cape seal and grind and overlay pavement treatment. The two lists of street segments for the 2025 paving program that were finalized between NCE and Public Works staff are attached to this staff report.
The cape seal package of streets will resurface over 8 center lane miles of local streets and has 157 curb
Date: March 25, 2025
Subject: PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024-2025 CAPITAL IMPROVEMENT BUDGET (STEP 1 OF 2) TO APPROPRIATE AND EXPEND $10 MILLION OF MEASURE P FUNDING FOR THE STREETS PAVING 2025 MEASURE P PROJECT (PROJECT NO. MP2025)
ramps that will need to be made accessible. The preliminary cost estimate for the cape seal package is $3M.
The grind and overlay package of streets will rehabilitate over three center lane miles of major streets. The street segments identified have 128 curb ramps among them which will need to meet current accessibility standards. The preliminary cost estimate for the grind and overlay package is $7M. Remaining Measure P budget allocated in Fiscal Year 2023-2024 for curb ramps and engineering will be used to supplement this project.
This request aligns with the Measure P funding priority of repairing deteriorating roads. Staff presented the request to use $10M of Measure P funding for this project to the Measure P Oversight Committee on January 23, 2025. The Committee unanimously voted their support and recommendation to use Measure P budget in the amount of $10M for this project.
Staff recommends the allocation of $10M of Measure P budget to fund these road repair/improvement efforts in 2025. This serves as the Notice of Intent to amend the Fiscal Year 2024-25 budget and is the first step of the two-step budget amendment process. A staff report with a recommendation on the second step to amend the budget will be presented to the City Council at the next regularly scheduled City Council meeting.
Upon approval of this budget amendment, the Public Works Department will proceed with finalizing plans and advertising a formal request for bids for the projects that will commence in the summer of 2025.
FISCAL IMPACT
The approval of this item is Step 1 in a two-step process for amending the Fiscal Year 2024-25 budget and does not have any fiscal impact. The second step will come at the next regular City Council meeting and will amend the budget with Council's approval.
ENVIRONMENTAL REVIEW
This action is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(c) – Existing Facilities, because the project consists of repair, maintenance, and minor alterations of existing streets for the purpose of public safety and does not add additional vehicle lanes.
ATTACHMENTS
1. City of Vallejo - 2025 Major Street Rehabilitation Candidates
2. City of Vallejo - 2025 Cape Seal Candidates
CONTACT
Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Street IDSection
ID Street Name Begin Location End Location Ln Functional Class
Length
(ft)
Width
(ft)
Area
(sf)
Surface
Type
2024
PCI
Needs Treatments
(Vallejo 2022)
Treatments
(2023)
Unit Cost
($/sy)
Est.
Project Cost
SOLANA 40 Solano Curtola SPRR 2 Arterial 370 57 21,090 AC/AC 40 Heavy Rehab Thick Mill + Overlay 71.00 $ 166,377$ SOLANA 50 Solano SPRR Amador 2 Arterial 840 40 33,600 AC/AC 35 Heavy Rehab Thick Mill + Overlay 71.00 $ 265,067$ SOLANA 60 Solano Amador Chase 2 Arterial 270 58 15,660 AC/AC 41 Heavy Rehab Thick Mill + Overlay 71.00 $ 123,540$ SOLANA 70 Solano Chase Ninth 2 Arterial 300 44 13,200 AC/AC 33 Heavy Rehab Thick Mill + Overlay 71.00 $ 104,133$ SOLANA 80 Solano Ninth Georgia 2 Arterial 620 47 29,140 AC/AC 35 Heavy Rehab Thick Mill + Overlay 71.00 $ 229,882$ TENNES 40 Tennessee Montery Tuolumne 4 Arterial 2,375 44 104,500 AC/AC 49 Heavy Rehab Thick Mill + Overlay 71.00 $ 824,389$ TENNES 50 Tennessee Tuolumne Mariposa 4 Arterial 1,980 61 120,780 AC/AC 41 Heavy Rehab Thick Mill + Overlay 71.00 $ 952,820$ TENNES Tennessee Rollingwood Drive Columbus Parkway 4 Collector 1,800 54 97,200 AC 20 Heavy Rehab Thick Mill + Overlay 71.00 $ 766,800$ GST 20 G Street Walnut Railroad 2 collector 420 38 15,960 AC 35 Heavy Rehab Thick Mill + Overlay 71.00 $ 125,907$ AMADOS 10 Amador Street Solano York 4 collector 315 40 12,600 AC/AC 50 Light Rehab Mill and Overlay 57.00 $ 79,800$ ALAMES 10 Alameda Street Solano Georgia 2 collector 1,725 32 55,200 AC 43 Heavy Rehab Thick Mill + Overlay 71.00 $ 435,467$ GEORGS 90 GEORGIA STREET Cedar Street ANNETTE AVE 4 Arterial 284 56 15,904 AC/AC 15 Heavy Rehab Thick Mill + Overlay 71.00 $ 125,465$ GEORGS 100 GEORGIA STREET ANNETTE AVE MAPLE Street 4 Arterial 620 56 34,720 AC/AC 40 Heavy Rehab Thick Mill + Overlay 71.00 $ 273,902$ WILSOA 10 Wilson Ave. Tennessee Hichborn 4 collector 1,345 59 79,355 AC 44 Heavy Rehab Thick Mill + Overlay 71.00 $ 626,023$ NEBRAS 20 Nebraska Street SR29/Sonoma Broadway 2 collector 1,780 35 62,300 AC/AC 39 Heavy Rehab Thick Mill + Overlay 71.00 $ 491,478$ REDWOS 020 REDWOOD STREET SR 29 COUCH STREET 4 Arterial 1,000 56 56,000 AC 54 Light Rehab Mill and Overlay 57.00 $ 354,667$ REDWOS 030 REDWOOD STREET COUCH STREET BROADWAY 4 Arterial 725 56 40,600 AC 52 Light Rehab Mill and Overlay 57.00 $ 257,133$ 6,202,849$
CITY OF VALLEJO
PROPOSED LIST OF GRIND & OVERLAY STREETS FOR 2025 PROJECT GenCode StreetID Road Name Begin Location End Location Ln FC Length (ft)
Width
(ft)
Area
(sf)
2024
PCI # Ramps
1 - Hidden Brook/Northgate WOODVS WOODVALE STREET HALE STREET WOODSON WAY 2 R 370 33 12,210 54 4 1 - Hidden Brook/Northgate WOODSW WOODSON WAY WOODRIDGE DRIVE OAKWOOD AVENUE 2 R 1,700 33 56,100 47 4 1 - Hidden Brook/Northgate LEGENC LEGEND CIRCLE STERLING STREET LEGEND CIRCLE 2 R 3,740 33 123,420 57 4 1 - Hidden Brook/Northgate GARNTD GARNET DRIVE ASCOT PARKWAY EAST END 2 R 2,393 33 78,969 52 4 1 - Hidden Brook/Northgate GARNTC GARNET CIRCLE GARNET DRIVE (N) GARNET DRIVE (S) 2 R 1,547 33 51,051 54 8 1 - Hidden Brook/Northgate DARLED DARLEY DRIVE TROTTER REYNARD 2 R 1,749 33 57,717 40 6 1 - Hidden Brook/Northgate CREEKD CREEKVIEW DRIVE GLENVIEW CIRCLE 425' WEST OF TOPELY 2 R 880 29 25,520 45 2 1 - Hidden Brook/Northgate CREEKD CREEKVIEW DRIVE 425' WEST OF TOPELY TOPELY COURT 2 R 425 33 14,025 46 4 2 - North Vallejo/Mini PLATIN PLATINUM COURT QUARTZ LN CUL DE SAC 2 R 410 29 11,890 41 2 2 - North Vallejo/Mini OLYMPD OLYMPIC DRIVE QUARTZ LN WHITNEY AVE 2 R 1,340 33 44,220 48 8 3 - Glen Cove SUNNYP SUNNYGLEN DRIVE LONGRIDGE DRIVE (W) LONGRIDGE DRIVE (N) 2 R 937 33 30,921 42 4 3 - Glen Cove STARFD STARFISH DRIVE 730' S/O NAUTILLUS DR SEAHORSE DRIVE 2 R 560 33 18,480 43 4 3 - Glen Cove SEAHOD SEA HORSE DRIVE PUEBLO WAY EAST END 2 R 2,450 32 78,400 42 6 3 - Glen Cove LONGRP LONGRIDGE DRIVE BENICIA ROAD SUNNYGLEN DR 2 R 797 33 26,301 47 8 3 - Glen Cove LONGRP LONGRIDGE DRIVE SUNNYGLEN DR END 2 R 1,197 33 39,501 41 0 3 - Glen Cove CROWNP CROWNPOINTE DRIVE LONGRIDGE DRIVE END 2 R 926 33 30,558 48 2 4 - Mare Island/North Water Front SANTPW SANTA PAULA WAY SOUTH END NORTH END 2 R 550 20 11,000 48 4 4 - Mare Island/North Water Front SANTCS SANTA CLARA STREET FARRAGUT AVENUE HICHBORN STREET 1 R 360 20 7,200 53 2 4 - Mare Island/North Water Front RIVERD RIVERVIEW DRIVE TUOLUMNE STREET MITCHELL COURT 2 R 1,200 33 39,600 53 6 4 - Mare Island/North Water Front PHOENC PHOENIX CIRCLE TUOLUMNE STREET PHOENIX CIRCLE 2 R 2,885 33 95,205 40 10 4 - Mare Island/North Water Front PECANS PECAN STREET WILLIAMS DRIVE PECAN COURT 2 R 650 34 22,100 42 4 4 - Mare Island/North Water Front MULBES MULBERRY STREET HOBBS AVENUE HOLLY STREET 2 R 610 33 20,130 44 4 4 - Mare Island/North Water Front KENTUS KENTUCKY STREET TRINITY STREET BRANCIFORTE ST 2 R 924 37 34,188 53 2 4 - Mare Island/North Water Front INDIAS INDIANA STREET MARIN STREET SACRAMENTO STREET 2 R 445 36 16,020 52 4 4 - Mare Island/North Water Front INDIAS INDIANA STREET SONOMA BLVD. MARIN STREET 2 R 445 40 17,800 41 4 4 - Mare Island/North Water Front HICKOS HICKORY STREET NUGENT DRIVE PECAN STREET 2 R 795 33 26,235 52 6 4 - Mare Island/North Water Front FARRAA FARRAGUT AVENUE MARE ISLAND/WILSON WILSON AVE 2 R 180 37 6,660 48 4 4 - Mare Island/North Water Front FARRAA FARRAGUT AVENUE WILSON AVE SACRAMENTO STREET 2 R 1,975 29 57,275 42 7 4 - Mare Island/North Water Front ALMONA ALMOND AVENUE HOBBS AVENUE WILLOW STREET 2 R 930 30 27,900 48 3 4 - Mare Island/North Water Front ALMONA ALMOND AVENUE WILLOW STREET TUOLUMNE STREET 2 R 270 33 8,910 31 3 4 - Mare Island/North Water Front ALABAS ALABAMA STREET SACRAMENTO STREET SONOMA BLVD. 2 R 850 40 34,000 56 5 4 - Mare Island/North Water Front ALABAS ALABAMA STREET MARE ISLAND WAY SACRAMENTO STREET 2 R 1,750 38 66,500 48 0 5 - Central Vallejo VIRGIS VIRGINIA STREET ALAMEDA STREET MONTEREY STREET 2 R 475 39 18,525 35 2 5 - Central Vallejo VIRGIS VIRGINIA STREET MONTEREY STREET BEND (PAVE CHANGE) 2 R 440 39 17,160 40 1 5 - Central Vallejo LOSCED LOS CERRITOS DRIVE REDWOOD STREET TUOLUMNE STREET 2 R 930 29 26,970 53 4 5 - Central Vallejo CAPITS CAPITOL STREET EAST END ALAMEDA STREET 2 R 960 36 34,560 42 2 6 - South Vallejo WOODRA WOODROW AVENUE LAUREL STREET CEDAR 2 R 770 32 24,640 46 3 6 - South Vallejo WARREA WARREN AVENUE GLEN COVE ROAD COUNTY LINE 2 R 1,350 18 24,300 47 2 6 - South Vallejo REISAV REIS AVENUE LAUREL STREET CEDAR STREET 2 R 625 32 20,000 35 3 6 - South Vallejo REISAV REIS AVENUE CEDAR STREET MAPLE STREET 2 R 830 32 26,560 44 2
CITY OF VALLEJO
PROPOSED CAPE SEAL LIST FOR PROJECT YEAR 2025
INFORMATIONAL ITEM 10.A.
DATE: March 25, 2025
TO: Mayor and Members of the City Council
FROM: Gillian Haen, Assistant City Manager
Natalie Peterson, Assistant to the City Manager
SUBJECT: BROADWAY PROJECT MONTHLY UPDATE
RECOMMENDATION
Receive an update on the Broadway Project.
REASONS FOR RECOMMENDATION
At the December 10, 2024 the Vallejo City Council requested that staff provide a monthly update on the Broadway Project through completion of the project in order to track construction timelines and budget.
BACKGROUND AND DISCUSSION
On May 10, 2022, the City of Vallejo (City), Firm Foundation Community Housing (Firm), and Shelter Inc. (Shelter) were awarded a California Department of Housing and Community Development (HCD) Homekey Program (“Homekey”) Round 2 Grant of $11,621,866. Grant funds were approved to be used by Firm Foundation to develop and build a permanent supportive housing project to house chronically homeless individuals in Vallejo. On June 10, 2022, the Council accepted the grant and amended the City’s budget to receive the grant. On June 14, 2022, the Council approved a resolution to appropriate Homekey Round 2 grant funding for the Broadway Project.
The Project
The Broadway Project ("Project") is a permanent supportive modular housing project designed to house the chronically homeless. The estimated total cost of the Project is $27M. Construction began on September 19, 2022 and is anticipated to be completed in May 2025. The property is anticipated to be fully "leased-up" and residents moved in within 90 days of construction completion. Firm Foundation currently owns the site and manages the Project and its construction in compliance with Homekey deliverables and timeline regulations.
The Project will include 47 permanent supportive housing units (studios), affordable to extremely low to very low income households, an on-site case manager unit, a community room, and courtyard. On-site wrap- around services will be provided to facilitate connections to services, benefits, and community resources.
Project Funding
As noted above, the City of Vallejo, Firm Foundation Community Housing, and Shelter Inc. were awarded a Homekey Round 2 Grant of $11,621,866 to develop and build the Project. Additional funding from other sources has also been assembled. All of the funding sources for the Project are listed below:
Funding Source Amount
State of CA Homekey $11,621,866
City of Vallejo American Rescue Plan Act (ARPA) $192,740 Solano County American Rescue Plan Act (ARPA) $3,000,000 City of Vallejo American Rescue Plan ACT (ARPA) $200,000 Infill Infrastructure Grant Program $2,559,656
Wells Fargo Grant* $90,000
LMIHAF Loan $3,300,000
Date: March 25, 2025
Subject: BROADWAY PROJECT MONTHLY UPDATE
City of Vallejo American Rescue Plan Act (ARPA) $3,270,335 Measure P Loan Funding $2,879,665
Total project funding $27,114,262
*Awarded directly to Firm Foundation
Staff have provided previous monthly updates to City Council at their January 28th and February 25th Council Meetings.
Project Status as of March 17, 2025
The Project is continuing to move forward and is over 90% complete. On February 6th the City submitted an extension request for the milestone completions to HCD. The updated milestone extension request incorporates delays from recent inclement weather as well as anticipated future inclement weather. The updated extension request dates were for Temporary Certificate of Occupancy (TCO) on April 15, 2025, Final Certificate of Occupancy (or construction completion) on May 5, 2025, and full occupancy of residents on August 5, 2025 (the 90 days from construction completion, which HCD allows).
City staff has been meeting weekly with Firm Foundation and Cannon Construction, the General Contractor for the Project, to review construction status and budget. The Project just received an anticipated energization date from PG&E, for permanent power to the Project, of April 6, 2025. This date is anticipated to move target TCO and Final Certificate of Occupancy out approximately 2 weeks. Staff are working closely with Firm and Cannon and anticipate having an updated schedule to provide to Council at their March 25th Council meeting.
The City has shared this information with HCD and is working on updating our milestone extension request with them.
City staff are meeting with the proposed operator, Shelter, Inc., to continue contract negotiations and discussion of operations budget. Meetings with the leasing team, which includes Resource Connect Solano (RCS), the coordinated entry provider for Solano County, Shelter, Inc., and City staff, resumed in January 2025 to ensure that the project is ready to be leased up for occupancy.
FISCAL IMPACT
There is no fiscal impact associated with this item.
ENVIRONMENTAL REVIEW
The City filed a Notice of Exemption with the Clerk of the Board of Supervisors of the County of Solano and with the Office of Planning and Research for the Broadway Project on July 6, 2022.
ATTACHMENTS
None
CONTACT
Gillian Haen, Assistant City Manager
[email protected]