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INCORPORATED 1896

1333 Park Avenue. Emeryville, CA 94608-3517 t (510) 596-4300 | f (510) 596-4389

Chair John Bauters Member Dianne Martinez BUDGET AND GOVERNANCE COMMITTEE Regular Meeting Actions taken by Advisory Bodies are not official actions of the City TELECONFERENCE Council, but must be ratified at a 1) Zoom Meeting Information: regular City Council meeting. https://emeryville-org.zoom.us/j/94164375340?pwd=SzVkZVlHVFRPb1RDMnpEZ1RNTTl6QT09 Password 259373. All writings that are public records 2) Audio Only: Call in to 669-900-6833, Meeting ID 941 6437 5340, Password 259373. and relate to an agenda item which December 10, 2020 – 11:00 AM are distributed to a majority of the legislative body less than 72 hours prior to the meeting noticed will be AGENDA made available via email by request the Committee Secretary. 1. Call to Order

In compliance with the Americans 2. Roll Call with Disabilities Act, a person requiring an accommodation, 3. Public Comment auxiliary aid, or service to participate in this meeting should contact the 3.1 Submit an Online Speaker Card at www.emeryville.org/advisorybodies Committee Secretary as far in advance as possible, but no later 4. Approval of Meeting Action Minutes than 72 hours prior to the scheduled event. The best effort to fulfill the 4.1 October 8, 2020 Regular Meeting Minutes request will be made. Pursuant to California Governor Gavin 5. Information Items Newsom’s Executive Order N-29- st 20, the City is authorized to hold 5.1 Fiscal Year 2020-21 1 Quarter Financial Update public meetings via teleconferenc- ing and to make public meetings 6. Action Item accessible electronically to all 6.1 Review and Recommend Acceptance of Fiscal Year 2019-20 members of the public seeking to participate in the meeting during Comprehensive Annual Financial Report (CAFR) and Compliance the current health emergency. As Reports such, Committee Members will be participating in the meeting via 7. Future Agenda Items teleconference, and the City will provide various options for the 8. Announcements / Member Comments public to participate in the conduct of the meeting remotely. 9. Adjournment

Public comment for agenda items can be submitted online via our new online speaker card at www.emeryville.org/advisorybodies. Written comments can also be submitted by email to the Committee Secretary. If you would like to support, oppose, or otherwise comment on an upcoming agenda item, please send in your comments prior to the meeting as you will be unable to attend in person until the Governor’s stay at home order is rescinded.

FURTHER INFORMATION may be obtained by contacting Brad Farmer, Committee Secretary, at 510-596-4352 or [email protected]. The next regular meeting is scheduled for February 11, 2021, at 11:00 AM. DATED: DECEMBER 1, 2020

Post On: DECEMBER 4, 2020 ______Post Until: DECEMBER 11, 2020 Sheri Hartz, City Clerk

City of Emeryville Budget and Governance Committee, Regular Meeting Minutes October 8, 2020, 11:00 a.m.

Members Present: Staff Present: John J. Bauters, Council Member Christine Daniel, City Manager Dianne Martinez, Council Member Sheri Hartz, City Clerk Lorrayne Leong, Deputy City Clerk Bill Zenoni, Interim Finance Director

1. Call to Order: The meeting was called to order by Chair Bauters at 11:00 a.m.

2. Roll Call

3. Public Comment: None

4. Approval of Meeting Action Minutes

4.1 October 10, 2019 Regular Meeting Minutes – The minutes were approved upon a motion by Council Member Martinez and second by Chair Bauters.

4.2 February 13, 2020 Regular Meeting Minutes – The minutes were approved upon a motion by Council Member Martinez and second by Chair Bauters.

4.3 May 12, 2020 Regular Meeting Minutes – The minutes were approved upon a motion by Council Member Martinez and second by Chair Bauters.

4.4 September 3, 2020 Regular Meeting Minutes – The minutes were approved upon a motion by Council Member Martinez and second by Chair Bauters.

5. Action Item

5.1 Fiscal Year 2020-21 Projected Budget Deficit and Future Budget Strategy Implementation

o City Manager Daniel provided the Committee with an overview of the impact of reduced General Fund revenue on the Fiscal Year 2020-21 budget. Ms. Daniel explained that revenue projections included in the amended Fiscal Year 2020-21 budget will not be realized due primarily to greater than anticipated reductions in transient occupancy tax revenue and that the projected Fiscal Year 2020-21 operating deficit has increased by approximately $5 million.

o The Committee discussed the revenue projections included in the five-year financial forecast and the projected on-going budget shortfall.

o City Manager Daniel discussed several potential strategies which might be considered to address the City’s future funding requirements including the creation of a Lighting and Landscaping Assessment District (LLAD). Budget and Governance Committee – October 8, 2020 Page 2 of 2

o The Committee discussed the staff recommendation to utilize up to $5 million of the General Fund unassigned fund balance to balance the Fiscal Year 2020-21 budget and to explore the creation of a Lighting and Landscaping Assessment District as one potential additional revenue source to address the projected future revenue shortfalls.

o The Committee recommended that the City Council adopt the resolution authorizing the allocation of up to $5 million of the General Fund unassigned fund balance as needed to close the projected deficit in Fiscal Year 2020-21 and directing the City Manager to explore the creation of a Lighting and Landscaping Assessment District.

6. Information Item

6.1 Fiscal Year 2019-20 4th Quarter Financial Update

o Interim Finance Director Zenoni provided an overview of the General Fund financial report as of June 30, 2020.

o Council Member Martinez inquired about any new information regarding hotel and cardroom activity. City Manager Daniel provided an update on the current status of the City’s hotels and explained that staff is currently working with Alameda County to address issues related to outdoor activities, including gaming activities.

o Council Member Bauters stated that he was pleased to hear about potential cardroom progress and discussed the impact of hotel and cardroom shutdowns on the employees of those businesses. The Committee asked for information that might be available regarding bargaining rights of those impacted employees to return to their jobs.

7. Future Agenda Items:

o The Committee asked for an update to the 2017 discussion on revising City policies and City forms to be gender neutral. City Manager Daniel stated that staff will return with information on what has been done to date and what work remains to be completed.

8. Announcements / Member Comments: Council Member Bauters stated that October 11th was National Coming Out Day.

9. Adjournment: The meeting was adjourned at 11:43 a.m.

CALIFORNIA

MEMORANDUM

DATE: December 10, 2020

TO: Christine Daniel, City Manager

FROM: Brad Farmer, Finance Director

SUBJECT: Fiscal Year 2020-21 First Quarter Financial Update

RECOMMENDATION

Staff recommends that the City Council review and accept the quarterly financial report for the period ended September 30, 2020. This report is for information only.

BACKGROUND

Quarterly financial reports are intended to update the City Council and the community on the City’s financial condition. This report summarizes the City’s General Fund financial performance for the first quarter of the fiscal year ended September 30, 2020, which represents the completion of the 25% of the fiscal year. Revenue and expenditure data for the same period in fiscal year 2019-20 are shown for comparative purposes.

Quarterly reports are on a cash basis, meaning only revenues received and expenditures paid by quarter-end are recorded.

DISCUSSION

The General Fund is the general operating fund for the City. The General Fund supports the City’s vital services and programs including police, fire, public works, development services (economic development, housing, planning, and building), community services, and general administrative services. The analysis below provides information on the major General Fund revenue and expenditure categories. Please note there have been no fund transfers made from other funds during the first quarter as approved in the amended budget to bridge the projected General Fund revenue shortfall due to the pandemic. These transfers will be made later in the fiscal year as needed.

General Fund Revenues

General Fund revenues for the quarter ended September 30, 2020 totaled $2.8 million compared to $5.7 million received during the first quarter of the 2019-20 fiscal year, a reduction of 50%. The negative fiscal impact of the COVID-19 pandemic has continued into the current fiscal year. Lower activities in different business sectors continue impacting the City’s various major revenue sources including sales tax, transient occupancy tax, licenses and permits, and the cardroom tax.

Fiscal Year 2020-21 First Quarter Financial Update Page 2 of 6

Revenues by category are summarized as follows:

FY20-21 Actual vs. FY19-20 FY20-21 Actual thru Budget % of Actual thru FY20-21 vs FY19-20 Revenues By Category Budget Sept 30 Variance Budget Sept 30 Variance Sales Tax$ 6,569,300 $ 393,308 $ (6,175,992) 6%$ 736,206 $ (342,899) -47% Transient Occupancy Tax 6,515,600 293,527 (6,222,073) 5% 1,094,850 (801,323) -73% Business License Tax 4,695,700 205,181 (4,490,519) 4% 128,998 76,183 59% Cannabis Tax 360,000 - (360,000) 0% 6,687 (6,687) -100% Utility Users Tax 2,912,200 382,523 (2,529,677) 13% 436,970 (54,447) -12% Cardroom Tax 1,481,000 - (1,481,000) 0% 474,437 (474,437) -100% Licenses and Permits 2,865,500 841,846 (2,023,654) 29% 1,519,501 (677,655) -45% Property Tax 3,011,000 528,050 (2,482,950) 18% 490,586 37,464 8% Residual Tax Increment 2,993,000 - (2,993,000) 0% - - 100% Franchises 1,663,300 204,547 (1,458,753) 12% 246,081 (41,534) -17% Vehicle License Fee In Lieu 992,800 - (992,800) 0% - - 100% Real Property Transfer Tax 944,300 163,365 (780,935) 17% 112,649 50,716 45% Other Revenues 3,672,352 (236,839) (3,909,191) -6% 459,741 (696,580) -152% Transfers In 6,656,339 69,200 (6,587,139) 1% 15,375 53,825 350% Total $ 45,332,391 $ 2,844,707 $ (42,487,684) 6%$ 5,722,081 $ (2,877,374) -50%

The General Fund’s top three revenue sources are sales tax, transient occupancy tax and business license tax, which represent about 40% of the Fiscal Year 2020-21 budgeted General Fund revenue. The following are highlights of key revenue results:

Sales Tax: Sales tax revenue during the first quarter of Fiscal Year 2020-21 totaled $0.4 million which is 6% of the adjusted budget amount and $0.3 million or 47% lower than the amount received during the same period in Fiscal Year 2019-20.

Transient Occupancy Tax (TOT): The travel industry continues to be severely impacted by COVID-19 which is reflected in the $0.8 million,or 73% reduction in transient occupancy tax revenue compared to the same period in the prior year.

Fiscal Year 2020-21 First Quarter Financial Update Page 3 of 6

Business License Tax: Revenue from the City’s business license tax totaled $0.2 million as of September 30th, which was slightly more ($76,183) than the amount received during the first quarter of FY2019-20. Because the business license tax is calculated based on annual gross receipts, a reduction in revenue is anticipated for the current fiscal year when business license renewals are processed in early 2021.

Utility Users Tax: Utility users tax revenue totaled $0.4 million which represents 13% of the budgeted amount and is $57,447 less than the amount received during the first quarter of Fiscal Year 2019-20.

Cardroom Tax: No revenue was received from the cardroom tax during the first quarter of the fiscal year. By comparison, the City received $474,437 during the same period last fiscal year.

Licenses and Permits: Licenses and permit revenue is derived primarily from the Planning & Building Divisions and includes reimbursement/cost recovery revenue from development projects. Receipts for the first quarter totaled $0.8 million or 29% of the amended budget and is $677,655 (45%) lower when compared to the first quarter of last fiscal year.

Property Tax: Property tax revenue of $0.5 million was received during the first quarter of the fiscal year. The majority of the City’s property tax revenue will be received in December and April.

Other Revenues: Other revenues totaled of negative ($0.2) million mainly due to the reversal of the unrealized investment gain from Fiscal Year 2019-20 in the current year. However, revenues are generally low due to the negative impact of COVID-19. Revenues included in this category are grants, vehicle code fines, community services programs, facility rentals, reimbursements, investment earnings and other miscellaneous revenue sources.

General Fund Expenditures

General Fund expenditures for the quarter ended September 30, 2020 totaled $11.3 million, or 25% of the $45.3 million budget. This is slightly less than the $11.5 million expended during the first quart of last fiscal year. Staffing costs were $0.2 million, or 3% higher mainly due to salary and benefits increases. Total non-labor operating savings of $0.3 million compared to the prior year are reflected in reduced operating activity caused by COVID-19. Year-to-date expenditures are in line with the approved budget and are summarized by type and department below.

. Fiscal Year 2020-21 First Quarter Financial Update Page 4 of 6

FY20-21 Actual vs. FY19-20 FY20-21 Actual thru Budget % of Actual thru FY20-21 vs. FY19-20 Expenditures By Department Budget Sept 30 Variance Budget Sept 30 Variance City Council$ 207,700 $ 44,744 $ (162,957) 22%$ 44,866 $ (123) 0% City Manager 439,900 114,748 (325,152) 26% 110,608 4,140 4% City Clerk 713,100 149,187 (563,913) 21% 157,846 (8,659) -5% City Attorney 662,900 147,622 (515,278) 22% 127,015 20,608 16% Information Technology 812,200 213,096 (599,104) 26% 200,199 12,897 6% Finance 1,264,500 253,596 (1,010,904) 20% 302,012 (48,416) -16% Human Resources 829,800 181,225 (648,575) 22% 196,028 (14,803) -8% Community Development Services 3,754,100 573,386 (3,180,714) 15% 687,551 (114,165) -17% Public Works 4,554,500 751,992 (3,802,508) 17% 750,822 1,170 0% Non-Departmental Operations 4,569,181 1,487,159 (3,082,022) 33% 1,572,963 (85,804) -5% Police 14,672,300 4,167,341 (10,504,959) 28% 3,902,504 264,837 7% Fire 9,398,900 2,794,121 (6,604,779) 30% 2,626,362 167,760 6% Community Services 3,453,310 465,548 (2,987,762) 13% 816,981 (351,434) -43% Total$ 45,332,390 $ 11,343,764 $ (33,988,627) 25%$ 11,495,756 $ (151,992) -1%

Fiscal Year 2020-21 First Quarter Financial Update Page 5 of 6

FY20-21 FY19-20 FY20-21 Actual thru Actual vs. % of Actual thru FY20-21 vs. FY19-20 Expenditures By Type Budget Sept 30 Budget Budget Sept 30 Variance Staffing$ 24,221,440 $ 7,827,112 $ (16,394,328) 32%$ 7,583,040 $ 244,072 3% Contract Services 11,803,600 1,509,297 (10,294,303) 13% 1,605,238 (95,941) -6% Maintenance 3,022,700 535,556 (2,487,144) 18% 591,820 (56,264) -10% Supplies 766,960 54,414 (712,546) 7% 136,885 (82,471) -60% Utilities 968,600 36,614 (931,986) 4% 82,388 (45,774) -56% Insurance 897,600 870,905 (26,695) 97% 833,741 37,164 4% Education & Training 360,960 19,634 (341,326) 5% 43,613 (23,979) -55% Advertising/Printing & Publication 108,250 5,151 (103,099) 5% 8,482 (3,331) -39% Fees & Charges 129,400 923 (128,478) 1% - 923 n/a Programs & Grants 129,700 1,350 (128,350) 1% 5,206 (3,856) -74% Rental & Leases 396,500 30,218 (366,282) 8% 38,503 (8,285) -22% Other 345,800 16,911 (328,889) 5% 7,190 9,722 135% Capital 69,900 - n/a n/a - n/a n/a Transfers Out 2,110,981 435,678 (1,675,302) 21% 559,649 (123,971) -22% Total$ 45,332,390 $ 11,343,764 $ (33,988,627) 25%$ 11,495,756 $ (151,992) -1%

Staffing costs of $7.8 million were $0.2 million higher than the prior year primarily due to increased costs of salaries and benefits and a lump-sum payment of $2.8 million made to CalPERS for unfunded pension plan liabilities. These increased costs were partially offset by savings from vacant positions and positions partially filled during the first quarter.

Contract Services totaled $1.5 million, or 13% of the annual budgeted amount.

Maintenance costs during the first quarter of the fiscal year totaled $0.5 million or 18% of the budgeted amount.

Supplies costs totaled $54,414 or 7% of the annual budget and represents a reduction of 60% compared to the first quarter of last fiscal year.

Utilities costs $36,614 represents only 4% of the budgeted amount compared to $82,388 expended during the same period last fiscal year. This under expenditure is due to the timing of invoice payments.

Insurance costs increased by 4% in Fiscal Year 2020-21 mainly due to increased general liability premiums. According to the City’s insurance provider, the increase is expected to continue in future years as a result of the City’s claims experience, the insurance pool’s overall claims experience and industry-wide rate adjustments.

Other operating expenditures including education and training, advertising, printing, and publications, fees and charges, programs and grants, rental and leases and other miscellaneous expenses for the quarter were the $0.03 million under the budgeted amount due to reduced operating activity caused by COVID-19.

Transfers Out were $0.1 million lower than prior year the same quarter due to lower contributions to other funds or programs in the current fiscal year.

Fiscal Year 2020-21 First Quarter Financial Update Page 6 of 6

FISCAL IMPACT

None. This is an information report.

STAFF COMMUNICATION WITH THE PUBLIC

There has been no communication with the public.

PREPARED BY: Brad Farmer, Finance Director

APPROVED AND FORWARDED TO THE BUDGET AND GOVERNANCE COMMITTEE OF THE CITY OF EMERYVILLE:

Christine Daniel, City Manager

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COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS

Page Number INTRODUCTORY SECTION

Letter of Transmittal ...... i GFOA Certificate of Achievement ...... x List of City Officials ...... xi Organizational Chart of City Departments ...... xii Map of Emeryville ...... xiii

FINANCIAL SECTION

INDEPENDENT AUDITORS' REPORT ...... 1

MANAGEMENT’S DISCUSSION AND ANALYSIS ...... 7

BASIC FINANCIAL STATEMENTS

Government-Wide Financial Statements

Statement of Net Position ...... 21

Statement of Activities ...... 22

Fund Financial Statements

Balance Sheet - Governmental Funds ...... 26

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ...... 29

Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds ...... 30

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ...... 32

Statement of Net Position - Proprietary Funds ...... 34

Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds ...... 35

Statement of Cash Flows - Proprietary Funds ...... 36

CITY OF EMERYVILLE

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS

Page Number BASIC FINANCIAL STATEMENTS (Continued)

Statement of Fiduciary Net Position - Fiduciary Funds ...... 38

Statement of Changes in Fiduciary Net Position - Fiduciary Funds ...... 39

Notes to Financial Statements ...... 41

REQUIRED SUPPLEMENTARY INFORMATION

Budgetary Comparison Schedule - General Fund ...... 91

Budgetary Comparison Schedule - Other Grants Fund … ...... 92

Budgetary Comparison Schedule - Housing Assets Fund ...... 93

Budgetary Comparison Schedule - Property Based Improvement District Fund ...... 94

Schedules of Proportionate Share of the Net Pension Liability: Miscellaneous Plan ...... 95 Safety Plan ...... 96

Schedules of Changes in Net Pension Liability and Related Ratios: Emeryville Police Officers’ Association Retirement Enhancement Plan ...... 97

Schedules of Plan Contributions: Miscellaneous Plan ...... 98 Safety Plan ...... 99 Emeryville Police Officers’ Association Retirement Enhancement Plan ...... 100

Schedule of Changes in the Net OPEB Liability and Related Ratios ...... 101

Schedule of OPEB Plan Contributions ...... 102

Notes to Required Supplementary Information ...... 103

CITY OF EMERYVILLE

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS

Page Number COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES

Combining Balance Sheet - Nonmajor Governmental Funds ...... 108

Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds ...... 118

Budgetary Comparison Schedule - Nonmajor Special Revenue Funds: Housing Community Development ...... 128 Cal – HOME Loan Program ...... 129 Police Impound ...... 130 Catellus Contingent ...... 131 Special Gas Tax Street Improvement ...... 132 General Plan Maintenance ...... 133 Child Development ...... 134 Measure B ...... 135 Measure BB ...... 136 Transportation Impact Fee ...... 137 Park/Rec Impact Fee ...... 138 Affordable Housing Impact Fee ...... 139 Supplemental Law Enforcement ...... 140 Emergency Medical Services ...... 141 Recycling/Source Reduction ...... 142 Measure D ...... 143 Emeryville Public Art ...... 144 Information Technology...... 145 PEG Program Fund ...... 146 Urban Forestry Fee ...... 147 Affordable Housing ...... 148 Environmental Program ...... 149 Road Maintenance & Rehabilitation ...... 150 Measure B-VRF ...... 151

Budgetary Comparison Schedule - Capital Projects Funds: General Capital Improvements ...... 152 1999 Revenue Bond ...... 153 Marina Improvement ...... 154 Emeryville Center of Community Life ...... 155 Implementation Plan 2010-14 ...... 156 Pedestrian Path Improvement ...... 157 Major Maintenance ...... 158 Vehicle Replacement ...... 159 RDA Bond ...... 160 Developer Contributions...... 161

Budgetary Comparison Schedule - Debt Service Funds: 1998 Lease Revenue Series A Bond ...... 162

CITY OF EMERYVILLE

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS

Page Number COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued)

Combining Statement of Net Position - Internal Service Funds ...... 164

Combining Statement of Revenues, Expenses and Changes in Net Position - Internal Service Funds ...... 166

Combining Statement of Cash Flows - Internal Service Funds ...... 168

Combining Statement of Net Position - All Agency Funds ...... 173

Combining Statement of Changes in Assets and Liabilities - Agency Funds ...... 174

Combining Statement of Net Position - Private-Purpose Trust Funds ...... 178

Combining Statement of Changes in Fiduciary Net Position - Private-Purpose Trust Funds ...... 179

CITY OF EMERYVILLE

COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED JUNE 30, 2020

TABLE OF CONTENTS

Page Number STATISTICAL SECTION

Net Position by Component - Last Ten Fiscal Years ...... 182

Changes in Net Position - Last Ten Fiscal Years ...... 184

Fund Balances, Governmental Funds - Last Ten Fiscal Years ...... 188

Changes in Fund Balances, Governmental Funds - Last Ten Years ...... 190

Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years ...... 193

Assessed Value of Property by Use Code, Citywide - Last Ten Fiscal Years ...... 194

Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years ...... 196

Principal Property Tax Payers - Current Year and Nine Years Ago ...... 197

Property Tax Levies and Collections - Last Ten Fiscal Years ...... 198

Ratios of Outstanding Debt by Type - Last Ten Fiscal Years ...... 199

Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years ...... 200

Statement of Direct and Over Lapping Bonded Debt ...... 201

Legal Debt Margin Information - Last Ten Fiscal Years ...... 202

Pledged-Revenue Coverage - Last Ten Fiscal Years ...... 204

Demographic and Economic Statistics - Last Ten Calendar Years ...... 206

Principal Employers - Current Year and Nine Years Ago...... 207

Full-time-Equivalent City Government Employees by Function/Program - Last Ten Fiscal years ...... 209

Operating Indicators by Function/Program - Last Ten Fiscal Years ...... 210

Capital Asset Statistics by Function/Program - Last Ten Fiscal Years ...... 212

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INCORPORATED 1896 1333 Park Avenue Emeryville, California 94608-3517 Tel: (510) 596-4300 | Fax: (510) 596-4389

November 24, 2020

Honorable Mayor and Members of the City Council:

We are pleased to submit the Comprehensive Annual Financial Report (CAFR) for the City of Emeryville (City) for the fiscal year ended June 30, 2020. Responsibility for both the accuracy of data, as well as the completeness and fairness of the presentation, including all disclosures, rests with the management and staff of the City. To the best of our knowledge and belief, the enclosed information is accurate in all material respects, presented in conformance with Generally Accepted Accounting Principles (GAAP) and reported in a manner that presents fairly the financial position and operating results of the City and its component units and fiduciary funds as of June 30, 2020. All disclosures reasonably necessary to enable the reader to gain an appropriate understanding of the City’s financial affairs have been included.

The goal of an independent audit is to provide reasonable assurance that the financial statements presented here for the fiscal year ended June 30, 2020 are free of material misstatement. The City’s independent auditors, Lance, Soll & Lunghard, LLP, have issued an unmodified opinion on the City of Emeryville’s financial statements for the year ended June 30, 2020. The independent auditors’ report is located at the front of the financial section of this report.

The management’s discussion and analysis (MD&A) has been prepared by management as a narrative introduction, overview and analysis to accompany the basic financial statements. This narrative can be found immediately following the independent auditor’s report. This transmittal letter is designed to complement the MD&A and should be read in conjunction with it.

The Profile of the City of Emeryville

The City of Emeryville was incorporated in 1896. Emeryville is a full-service, charter city providing police, fire (provided by way of a contract with the Alameda County Fire Department), public works, development services (economic development, housing, planning, and building), community services (child development, youth services, and adult services), and general administrative services (city manager, city clerk, city attorney, finance, human resources, and information technology). The City has operated under the Council-Manager form of government since 1984, with five City

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Council members elected at-large for staggered four-year terms. Annually, the City Council members select a Mayor and Vice-Mayor. The City Manager, appointed by the Council, serves as chief administrative officer of the organization. The City Manager is responsible for administration of City affairs, day-to-day operations, and implementation of Council policies. The City Council also appoints a City Attorney.

The City of Emeryville is located in Alameda County in the San Francisco Bay Area. It is bordered by the City of Berkeley to the north and the City of Oakland to the east and south. The City has an estimated population of 12,298, as of January 1, 2020. Emeryville has evolved from an industrial town to a modern mixed-use urban center through a number of development projects which added several thousand units of housing and over a million square feet of commercial space.

The financial statements included in this Comprehensive Annual Financial Report present the City of Emeryville (the primary government), as well as the Community Development Commission of Emeryville (the Commission), the Management of Emeryville Services Authority (MESA), and the Emeryville Public Financing Authority (Authority) as its component units. The Emeryville Redevelopment Agency was also a component unit until 2012. However, due to the dissolution of redevelopment agencies in California, the activities of the former redevelopment agency are now reported as a private purpose trust fund in the financial statements, known as the Emeryville Successor Agency. The Emeryville Successor Agency is not a component unit of the City of Emeryville.

Redevelopment Dissolution

In June 2011, the Governor signed legislation, AB1x26, to dissolve and wind down the affairs of local redevelopment agencies in California. In June 2012, the Governor signed additional legislation, AB1484, which also created requirements related to the redevelopment dissolution process. In September 2015, SB 107 clarified and further amended the dissolution process.

These legislative actions negatively impacted the City’s redevelopment and economic development activities that historically strengthened the City’s and Redevelopment Agency’s revenues and supported the high level of service provided to its residents. The elimination of the Emeryville Redevelopment Agency effective February 1, 2012 had a significant impact to the City’s budget and opportunities to provide services and improvements to the community. Instead of receiving an estimated $37 million in annual redevelopment property tax increment revenues, the City now receives 24% of the residual property taxes, amounting to $5.7 million, distributed to all the various taxing entities, after approved obligations such as bond payments and projects that were in progress prior to the dissolution act have been funded.

As a local policy, City Council has directed residual property tax increment revenue now received by the City to be allocated in support of General Fund activities (25%),

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capital projects (50%), affordable housing (20%), and economic development (5%). This residual property tax increment revenue will grow as the Successor Agency continues to pay down the debts and other contract obligations of the former redevelopment agency.

Economic Condition and Outlook

The economic outlook for Emeryville and the East San Francisco Bay Area was strong through the first three quarters of the 2019-20 fiscal year. As with the rest of the nation, the City of Emeryville has been negatively impacted by the COVID-19 pandemic. The City has seen a significant reduction in revenue resulting from the impact of COVID-19 on the retail sales and travel/entertainment industries. Recent forecasts indicate that the City’s revenues will continue to be negatively impacted for the next several years.

According to California’s Employment Development Department (EDD), the City’s unemployment rate for June 2020 was 9.8%, lower than the unemployment rate for Alameda County of 13.5% and the state’s June 2020 overall rate of 15.1%. According to an employment report published by Beacon Economics in October 2020, the state’s unemployment rate declined to 11.0% in September 2020, compared to an unemployment rate of 7.9% in the United States overall. The state’s labor force expanded by 19,400 in September 2020 but was still down by 850,000 compared to February 2020 before the impact of the COVID-19 pandemic.

Residential real estate values in the East San Francisco Bay Area continue to appreciate due to the undersupply of housing development. Data from Corelogic indicates that the median single-family home price in Alameda County was $874,500 in the third quarter of 2019, which was well above the statewide average of $500,000.

The commercial real estate market has been negatively impacted by the COVID-19 pandemic due to record-setting layoffs and the shutdown of large sectors of the economy. Prior to the onset of the COVID-19 pandemic, the East San Francisco Bay Area saw a continued migration of firms from San Francisco due to its strategic location and affordability. The COVID-19 pandemic has forced many employees to work from home – a situation that may continue well into the future.

The City’s main revenue sources are sales tax, transient occupancy tax and business license tax, representing more than 50% of the General Fund revenues. These revenues were impacted by COVID-19 in the final quarter of fiscal year 2019-20. These revenues, along with other revenues, are used to support important city services such as public safety, economic development, and community service programs. The City maintains and periodically updates a five-year financial forecast to provide insight into future financial capacity so that strategies can be developed to ensure long-term sustainability while achieving service objectives. The City achieved a balanced budget in fiscal year 2019-20 and will continue to identify revenue opportunities to support vital city services and programs. The City is also committed

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to funding its pension and OPEB (other post-employment benefits) obligations. The City has taken proactive measures to set aside funds in the pension and OPEB trusts and reserve funds. The long-term forecast and the financial policies adopted by the City Council reflect prudent strategies to further fund these liabilities.

The City’s reserve policy is to maintain a target reserve of 50% of the General Fund annual operating budget in the economic uncertainty fund. In addition, the City’s unassigned General Fund balance is a fluctuating balance that varies from time to time reflecting annual operating results. This fund has no minimum threshold although sufficient balances are maintained to provide contingencies for unseen operating or capital needs and cash flow requirements. For the fiscal year 2019-20, the unassigned General Fund balance was $10.0 million, and the economic uncertainty fund balance was $22.8 million. The total reserve of $32.8 million represents approximately 72% of the $45.3 million budgeted operating expenditures for the fiscal year 2020-21.

Major Initiatives and Accomplishments

The City is committed to providing innovative and responsive services to the community to create and sustain a vibrant, livable city. The City continued to develop vital services and programs that are consistent with the community’s strategic goals, mission, and value. Significant activities and accomplishments for fiscal year 2019-20 include the following:

City Governance/Administration – City operations were significantly disrupted in the final four months of fiscal year 2019-20 by the COVID-19 global pandemic. The City closed most facilities to the public on March 17, 2020 and moved to remote work for many City employees, with the exception of the Police Department and staff in Community Services who began delivering meals to seniors after the Senior Center closed. The City’s ability to move quickly to remote work was due to the resilience of City employees as well as the robust systems the Information Technology (IT) Department had previously put in place such as a Virtual Private Network (VPN) and an inventory of secure laptop computers that were quickly deployed to employees. IT immediately developed digital workflows to enable staff to continue City services such as contract processing, payment of invoices, and approval of legislation and City staff quickly adapted to these processes. The Planning and Building Divisions continued to review plans, process permits and inspect projects through a combination of remote work and scheduled appointments. The work of the City continued. The City Clerk’s Office also immediately adapted to virtual meetings for the City Council, Commissions and Committees. Systems were established, staff and members were trained on the new processes and the community’s ability to engage with its government continued.

Despite the pandemic impacts discussed above, the City made progress on all of the City Council’s adopted goals for fiscal year 2019-20 including identifying a new revenue source. The City Council placed a measure on the March 2020 ballot asking voters to approve a ¼ cent local sales tax to fund a specific set of services; over 70% of voters approved the measure and tax receipts will be reflected in the fiscal year

iv

2020-21 fiscal year when the Council will determine what services to fund. Progress on emergency preparedness continued with additional Emergency Operations Center trainings for City staff. The City’s focus on preparation was acknowledged by the Alameda County Civil Grand Jury in its report on cities’ preparedness county-wide. The City Council awarded a contract for the paid parking system and staff began implementing the various elements of the system, with full implementation in fiscal year 2020-21. And the Successor Agency to the Redevelopment Agency prevailed at the trial court in its case against the State Department of Finance to obtain funding for remediation of the property known as the “corporation yard.”

City/School Partnership – With the Emeryville Center of Community Life (ECCL) the City continued to work in partnership with the Emeryville Unified School District (EUSD). The ECCL includes high quality learning environments for Emeryville’s youth and provides facilities for a range of community services, such as a swim center, wellness center, and after-school activities.

For the first three quarters of fiscal year 2019-20 the City continued to provide volunteer opportunities for teens to prepare them for future employment. As soon as the COVID-19 shelter in place orders were issued and the senior center was closed, the City’s Community Services Department immediately pivoted to providing meal delivery services to seniors to address both nutritional and socialization needs. Additionally, the City worked in partnership with EUSD and the Alameda County Food Bank on a food program for the community - especially the children. City staff also offered a virtual resource portal to the community for on-line recreation programs, and a variety of virtual programs for seniors.

Livable City – The City Council’s fiscal year 2019-20 goals included a number of critical infrastructure projects to improve overall quality of life in Emeryville: construction of the South Bayfront Bridge, improving multi-modal connectivity, and establishing rail safety quiet zones. The City made progress on all of them. Construction of the South Bayfront Bridge commenced in January of 2020 including excavation and grading, construction of bridge supports and fabrication of the steel elements of the bridge at off-site locations. Improvements to multi-modal connectivity included completing the enhanced Greenway crossings at several streets, approval of the 40th Street redesign to improve bicycle and pedestrian access while enhancing bus flow, and the creation of a new “slow street” along Doyle Street as part of the City’s response to COVID-19. The City implemented an emergency project to reconfigure several blocks of Doyle Street near the Doyle Hollis Park to enable community members to have more space for socially distanced recreational activity during the County’s shelter in place orders. The reconfiguration was well received by the community. The City’s project to enhance rail safety along the Union Pacific Railroad (UPRR) lines at 65th, 66th and 67th Streets, by installing supplemental safety measures such as quad gates and new traffic lights, also made significant progress with the support of UPRR and the Alameda County Transportation Commission.

v

The City’s Police Department continued to focus resources in critical areas such as evidence-based practices in resource deployment and training. Enhancing professional development, recruitment and retention strategies is an on-going effort, as well as continuous attention to policy review, equipment upgrades and replacement, personnel and organizational resiliency, and community outreach. The organization has adapted to the challenges of delivering a high level of service during a pandemic. Despite these limitations, the department met all the State Commission on Police Officer Standards and Training (POST) training mandates for 2019 and is on track to meet all training mandates in 2020. Officers continued to receive additional training in de-escalation, crisis intervention, fair and impartial policing practices, and force options, while continuing to seize opportunities to engage the community in a non-enforcement capacity to enhance community partnerships.

The Child Development Center provided professional development opportunities or supported additional education for staff to maintain State Department of Education permits and/or a higher level of permits.

Economic Development and Housing – The City continued to implement the Minimum Wage/Paid Sick Leave Ordinance, which was effective on July 2, 2015, the Tenant Protection Ordinance, which was effective April 1, 2017, and the Fair Workweek Ordinance, which was effective July 1, 2017. The City also continued to implement development impact fees to support affordable housing as well as other community benefits.

Several initiatives in response to the COVID-19 pandemic and civil unrest were adopted by the City Council and implemented by staff to assist businesses and residents. These included residential and commercial eviction moratoria, a rent repayment program, a residential rental assistance program, and a business recovery grant program. Staff sent regular emails to the business community to keep them informed about various federal, state, and local programs. The Council also adopted, and staff implemented, temporary regulations to expedite the processing of permits for outdoor dining.

Staff continued activities in support of the “Rotten City-Emeryville Cultural District” that was designated by the California Arts Council as one of the only 14 official State cultural districts in fiscal year 2017-18. The City selected a developer and began negotiations for a Lease Disposition and Development Agreement for the development and operation of an Art Center at the City-owned property at 4060 Hollis Street.

Staff continued to implement the updated Economic Development Strategy that was adopted by the City Council in fiscal year 2017-18, including the Façade Improvement Grant Program and the Business License Tax and Fire Inspection Fee Rebate Program. Prior to the Alameda County Shelter Order due to the pandemic, quarterly businesses networking meetings, orchestrated by the City, continued to be held to

vi

enhance business attraction and retention; they are expected to be reinstated in the future when such gatherings are allowed

Several major development projects were completed, including the Marketplace Parcel D residential project (223 units), the Estrella Vista affordable housing project at 3706 San Pablo Avenue (87 family-friendly affordable units), and the Marketplace Parcel C2 residential project (66 units). Building permits were issued and construction began for the Sherwin Williams Mixed Use Project, including 500 residential units, office space, and over three acres of new park and open space, and for The Intersection project at 3800 San Pablo Avenue, which will include 105 units of modular rental housing.

All of the residential projects mentioned above will include affordable units. The City continued to provide first-time home buyer loans for below market rate (BMR) and market rate units; assisted at-risk homeowners through the City’s Homeownership Foreclosure and Predatory Lending Prevention strategy; and rehabilitation loan program

Financial Information

Internal Controls – Emeryville management is responsible for establishing and maintaining an internal control system designed to ensure that its assets are protected from loss, theft or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP). The internal control system is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that the cost of control should not exceed benefits likely to be derived from its implementation. The valuation of costs and benefits requires estimates and judgments by management. Emeryville’s management believes its internal controls are adequate.

Budgetary Controls – The City adopts a biennial operating budget for all governmental funds except those dedicated to capital projects and certain special revenue funds. These fiscal year budgets are controlled at the departmental (General Fund) or fund level (all other funds) by the City Manager, who may authorize transfers from one object or purpose to another within the same department or fund. When deemed necessary, the City Council may amend the adopted budget by resolution. All operating budget appropriations lapse at year’s end.

The Capital Improvement Program (CIP) sets priorities for building the City’s infrastructure such as parks, sewer/storm drain improvements, pedestrian/bicycle network, traffic/street improvements, affordable housing, and community facilities. Historically, most CIP projects were funded through redevelopment revenue and bond financing with some funds also coming from the City’s General Fund or state/regional/federal grants. Following the dissolution of redevelopment in 2012, the City began identifying other funding sources for capital projects, including state grants

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and resources from the County’s sales tax measures that support transportation projects (Measures B and BB).

Since Fiscal Year 1993-1994, the City has had a long-term budget philosophy guided by the following principles:

1. Current-year expenditures should be supported by current-year revenues. One-time revenues should not be used for ongoing costs but should instead be used for necessary one-time expenditures or to strengthen fund reserves.

2. Fund balances should be maintained in all major operating funds to provide for unforeseen circumstances. The appropriate level of fund balance depends on the particular fund.

3. Capital improvement projects, including related maintenance costs, should be identified and prioritized. The funding of many of these projects will require current and planned resources, such as special revenues, grants, and surplus general funds. The City will adhere to prudent spending of discretionary funds to allow the City to provide the necessary resources for capital improvements, including one-time expenditures and adequate replacement reserves.

4. Unfunded liabilities should be identified and funded with surplus funds when they are available. Liabilities that are currently accruing should be funded currently.

5. A strategy should be formulated and implemented, when necessary, to address potential impacts of the State budget and other State actions that may affect City and Agency revenues.

6. Capital improvement projects, including related maintenance costs, should be identified with community input. The funding of many of these projects will require current, planned resources, such as special revenues, grants, and surplus general funds. The City will adhere to prudent spending of discretionary funds to allow the City to provide the necessary resources for capital improvements, including one-time expenditures and adequate replacement reserves.

These principles have helped insulate the City from the short-term impact of regular economic cycles and downturns and mitigated the impact of rising pension costs. The City continues to focus on prudent spending to ensure long-term fiscal sustainability.

Awards

The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Emeryville for its Comprehensive Annual Financial Report (CAFR) for

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Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting

Presented to City of Emeryville California

For its Comprehensive Annual Financial Report For the Fiscal Year Ended

June 30, 2019

Executive Director/CEO

x &,7<2)(0(5<9,//(  /LVWRI&LW\2IILFLDOV (as of June 30, 2020)    City Council  0D\RU&KULVWLDQ53DW] 9LFH0D\RU'LDQQH0DUWLQH] &RXQFLOPHPEHU-RKQ%DXWHUV &RXQFLOPHPEHU6FRWW'RQDKXH &RXQFLOPHPEHU$OO\0HGLQD   Appointed Officials and Department Heads  &LW\0DQDJHU([HFXWLYH'LUHFWRU&KULVWLQH'DQLHO &LW\$WWRUQH\*HQHUDO&RXQVHO0LFKDHO*XLQD &LW\&OHUN6KHUL+DUW] &RPPXQLW\'HYHORSPHQW'LUHFWRU&KDUOHV%U\DQW &RPPXQLW\6HUYLFHV'LUHFWRU3HGUR-LPHQH] )LQDQFH'LUHFWRU ,QWHULP %LOO=HQRQL )LUH'LYLVLRQ&KLHIIRU(PHU\YLOOH$ODPHGD&RXQW\)LUH'HSDUWPHQW'DYLG

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Operations and Youth and Adult Building Division Maintenance Services Divisions Division

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Lance, Soll & Lunghard, LLP 2151 River Plaza Dr., Suite 150 Sacramento , CA 95833 Phone: 916.503.9691

To the Honorable Mayor and Members of the City Council City of Emeryville, California

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Emeryville, California, as of June 30, 2020, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, the budgetary comparison schedules for the general fund, the other grants fund, the housing assets fund and the property based improvement district fund, the schedules of proportionate share of the net pension liability, the schedule of changes in net pension liability and related ratios, the schedules of plan contributions, the schedule of changes in the net other post-employment benefits (OPEB) liability and related ratios, and schedule of OPEB plan contributions be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The introductory section, combining and individual nonmajor fund financial statements, budgetary schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining and individual nonmajor fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules are fairly stated, in all material respects in relation to the basic financial statements as a whole.

The introductory and statistical sections have 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 them.

2

To the Honorable Mayor and Members of the City Council City of Emeryville, California

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated November 24, 2020 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Sacramento, California November 24, 2020

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6 The City of Emeryville Management’s Discussion and Analysis

The Management’s Discussion and Analysis (MD&A) provides an overview of the City of Emeryville’s activities and financial performance for the fiscal year ended June 30, 2020. We encourage readers to consider the information presented here in conjunction with additional information we have furnished in our letter of transmittal, which can be found in an earlier section of this report.

FINANCIAL HIGHLIGHTS

The comparisons in the discussion and analysis below are between fiscal years 2019-20 and 2018-19. All increases and decreases are expressed relative to fiscal year 2018-19 results. Highlights of fiscal year 2019-20 include the following:

 At the end of the current fiscal year, the unassigned General Fund Balance together with the Economic Uncertainty Fund Balance made up $32.8 million of the total $53.0 million General Fund Balance, or 72.4% of total General Fund budgeted expenditures of $45.3 million for fiscal year 2020-21. The economic uncertainty fund balance was $22.8 million, or 50.0% of total General Fund budgeted expenditures for fiscal year 2020-21. This meets the City’s 50.0% reserve goal.  The assets and deferred outflows of resources of the City of Emeryville exceeded its liabilities and deferred inflows of resources at June 30, 2020, by $252.9 million (net position), an increase of $11.5 million over the prior year’s net position of $241.4 million.  The governmental activities total net position at June 30, 2020, was $238.6 million, an increase of $10.2 million over the prior fiscal year’s net position of $228.4 million. Business-type activities total net position increased by approximately $1.3 million to $14.3 million.  Of the City’s $252.9 million in net position, $101.9 million represents net investment in capital assets, $58.9 million represents resources restricted for debt service payments, community development, public safety, public works, capital projects, small business incentives, community services, and pension payments, and the remaining $92.1 million represents the accumulated unrestricted surplus at the close of fiscal year 2019-20.

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) Government-wide Financial Statements, 2) Fund Financial Statements, and 3) Notes to the Basic Financial Statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

For certain entities and funds, the City acts solely as a depository agent. For example, the City has several assessment districts for which the City provides fiduciary statements showing the cash balances and activities of these districts. These statements are presented as fiduciary funds in the accompanying financial statements and their balances are excluded from, the City’s financial statements.

7 Government-Wide Financial Statements

The Government-Wide Financial Statements are designed to provide readers with a broad overview of the City’s finances, in a manner like private-sector businesses.

The statement of net position presents all the City’s assets, deferred outflow of resources, deferred inflow of resources, and liabilities; with total assets plus deferred outflow of resources less deferred inflow of resources and less total liabilities reported as net position. Over time, increases and decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The statement of activities presents information on how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in actual cash flows in future fiscal periods such as revenues pertaining to uncollected taxes.

Both government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to cover all or a portion of their cost through user fees and charges (business-type activities). The governmental activities of the City include City Council, City Manager, City Clerk, City Attorney, Finance, Human Resources, Community Development (Planning & Building and Economic Development & Housing), non-departmental operations, Property-Based Improvement District, Police, Fire, Public Works, Community Services, Child Development, Youth and Adult Services, and Information Technology services. These services are supported by general City revenues such as taxes and by specific program revenues such as fees. The City’s only enterprise activity, the Sewer Fund, is reported under Business-type Activities.

The government-wide financial statements include not only the City itself (known as the primary government), but also a legally separate Community Development Commission, Management of Emeryville Services Authority, and a public financing authority for which the City is financially accountable.

Fund Financial Statements

Fund financial statements are designed to report groupings of related accounts, which are used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds account for essentially the same functions as the government-wide activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources at the end of the fiscal year. Such information may be useful in determining what financial resources are available in the near future to finance the City’s programs.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds balance sheet and the governmental funds

8 statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City of Emeryville maintains forty-one (41) individual governmental funds, which are distinguished between major and non-major funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, three (3) special revenue funds and one (1) capital project fund. These five (5) funds are considered as major funds. Data from the other thirty-six (36) governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in in the Combining and Individual Funds Statements and Schedules section of this report.

The City of Emeryville adopts a biennial budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with this budget.

The basic governmental fund financial statements can be found in the table of contents under the heading Basic Financial Statements.

Proprietary Funds are generally used to account for services for which the City charges customers – either outside customers, or internal units or departments of the City. Proprietary funds provide the same type of information as shown in the government-wide financial statements, only in more detail. Proprietary funds are used to present the same functions as business-type activities in the government-wide financial statements. The City uses proprietary funds to report the Sewer System and Internal Service funds, including the Management of Emeryville Services Authority (MESA). MESA is a joint powers authority that was created in 1998 and employs all the City’s miscellaneous staff. The City pays MESA to provide cost-effective management, administrative, special and general personnel services to the City of Emeryville and/or Community Development Commission of Emeryville (the Commission), through a joint-powers agreement, which includes providing payroll services for employees of the City of Emeryville.

Fiduciary Funds are used to account for resources held for the benefit of the City’s employees and parties outside of the City. The City’s pension fund (closed system prior to joining PERS) and agency funds are reported under Fiduciary funds. The private-purpose trust fund was created in fiscal year 2012 to account for the dissolution of the former Emeryville Redevelopment Agency and represents the accounts of the Emeryville Successor Agency. Since the resources of these funds are not available to support the City’s own programs, they are not reflected in the government-wide financial statements. The accounting used for fiduciary funds is much like that used for proprietary funds.

Notes to the Basic Financial Statements

The Notes to the Basic Financial Statements provide additional information that is essential to a full understanding of the data provided in the Government-wide and Fund financial statements.

Other Information

The combining statements referred to earlier in connection with non-major governmental funds, internal service funds, agency funds, and the private-purpose trust funds are presented immediately following the basic financial statements. Combining and individual fund statements and schedules can be found in the table of contents under combining and individual fund statements and schedules.

9 FINANCIAL ANALYSIS

GOVERNMENT-WIDE FINANCIAL STATEMENTS

Analysis of Net position: As noted earlier, net position may serve over time as a useful indicator of a government's financial position. At the close of fiscal year 2019-20, the City of Emeryville’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $252.9 million, an increase of $11.5 million over the prior fiscal year net position of total of $241.4 million.

A significant portion of the City of Emeryville’s net position is $92.1 million in unrestricted net position. Net investment in capital assets totaled $101.9 million. Net position of $58.9 million is restricted for various programs including community development, public safety, public works, capital projects, debt service, small business incentive, community services and pension payments. The City of Emeryville uses these assets to provide services to citizens; consequently, these assets are not available for future spending.

The following is a condensed summary of the City of Emeryville’s net position for governmental and business type activities:

Statement of Net Position ($ In millions)

Governmental Activities Business-Type Activities Total 2020 2019 2020 2019 2020 2019 Cash and Investments$ 175.1 172.4$ 6.6$ 5.1$ 181.7$ $ 177.5 Other Assets 35.3 23.8 0.1 0.1 35.4 23.9 Capital Assets 96.7 89.6 7.8 8.0 104.5 97.6 Total Assets 307.1 285.8 14.5 13.2 321.6 299.0

Deferred Outflows of Resources 14.2 14.3 0.1 0.1 14.3 17.3

Long-Term Debt 2.6 2.9 - - 2.6 2.9 Net Pension Liability 44.1 40.1 0.2 0.2 44.3 40.3 Net OPEB Liability 6.7 5.9 0.1 0.1 6.8 6.0 Other Liabilities 23.3 16.8 - - 23.3 16.8 Total Liabilities 76.7 65.7 0.3 0.3 77.0 66.0

Deferred Inflows of Resources 6.0 6.0 - - 6.0 5.5

Net Position: Net investment in capital assets 94.1 86.8 7.8 8.0 101.9 94.8 Restricted 56.1 94.7 2.8 2.3 58.9 97.0 Unrestricted 88.4 46.9 3.7 2.7 92.1 49.6 Total Net Position $ 238.6 228.4$ 14.3$ 13.0$ 252.9$ $ 241.4

10 Analysis of activities: At the end of fiscal year 2019-20, the City of Emeryville’s governmental net position increased by $10.3 million. Key elements of these changes are reflected in the following table.

Changes in Net Position Net Position at June 30 ($ in millions)

Governmental Business Type Activities Activities Total 2020 2019 2020 2019 2020 2019 Re ve nue s Charges for Services $ 16.2 $ 13.7 $ 1.7 $ 1.0 $ 17.9 $ 14.7 Operating Contributions & Grants 3.5 3.0 - - 3.5 3.0 Capital Contributions & Grants 1.5 0.1 - - 1.5 0.1 Property Taxes 10.0 8.9 - - 10.0 8.9 Transient Occupancy Tax 6.0 8.7 - - 6.0 8.7 Sales Taxes 7.9 9.3 - - 7.9 9.3 Franchise Tax 2.0 1.9 - - 2.0 1.9 Business License Taxes 8.7 9.6 - - 8.7 9.6 Utility Users Tax 3.0 3.0 - - 3.0 3.0 Other Taxes and Fines 7.5 4.7 - - 7.5 4.7 Motor Vehicle In Lieu 1.0 0.9 - - 1.0 0.9 Use of Money and Property 5.1 6.2 0.1 0.1 5.2 6.3 Contribution from Successor Agency - 15.0 - - - 15.0 Miscellaneous 0.1 0.1 - (0.1) 0.1 - Total Revenues 72.5 85.1 1.8 1.0 74.3 86.1 Exp e n s e s City Council 0.2 0.2 - - 0.2 0.2 City Manager's Office 1.2 1.1 - - 1.2 1.1 City Attorney's Office 0.6 0.6 - - 0.6 0.6 Finance Dept 1.4 1.1 - - 1.4 1.1 Human Resources Dept 0.8 0.7 - - 0.8 0.7 Information Technology Dept 1.5 1.2 - - 1.5 1.2 General Government 3.8 3.8 - - 3.8 3.8 Police Department 16.1 14.0 - - 16.1 14.0 Fire Department 10.0 9.0 - - 10.0 9.0 Planning and Building 3.5 4.3 - - 3.5 4.3 Economic Development and Housing 3.5 1.3 - - 3.5 1.3 Property Based Improvement District 4.6 4.3 - - 4.6 4.3 Community Services Department 5.9 5.9 - - 5.9 5.9 Public Works Department 9.0 7.5 - - 9.0 7.5 Interest on long-term debt 0.1 0.1 - - 0.1 0.1 Sew er - 0.5 0.5 0.5 0.5 Total Expenses 62.2 55.1 0.5 0.5 62.7 55.6 Increase(Decrease) in Net Position 10.3 30.0 1.3 0.5 11.6 30.5 Beginning Net Position 228.4 198.4 13.0 12.5 241.4 210.9 Restatement of Net Position (0.1) - - - (0.1) - Beginning Net Position, restated 228.3 198.4 13.0 12.5 241.3 210.9 Ending Net Position $ 238.6 $ 228.4 $ 14.3 $ 13.0 $ 252.9 $ 241.4

11 Governmental Activities – Revenues

Revenues from Governmental Activities totaled $72.5 million in fiscal year 2019-20, a decrease of $12.6 million over the prior fiscal year.

Program revenues, including charges for services, operating contributions and grants, and capital contributions and grants are generated from or restricted to each activity. Together, they totaled $21.2 million; a net increase of $4.4 million from the prior fiscal year, due to increases in charges for services of $2.5 million, operating grants and contributions of $0.5 million, and capital grants and contributions of $1.4 million.

General revenues are composed of taxes and other revenues not specifically generated by or restricted to individual activities. Tax revenues, investment earnings, and rents for governmental facilities are all components of general revenues. For fiscal year 2019-20, general revenues totaled $51.3 million a decrease of $17.0 million when compared to the prior fiscal year’s total general revenues of $68.3 million. The decrease was primarily due to the following:  The Special Item recognized for the contribution of capital assets from the Successor Agency with a net book value of $15.0 million which was recorded in the prior fiscal year.  Transient Occupancy, Sales and Business License Tax revenue decreased by a total of $5.0 million due to the COVID-19 pandemic.  The above decreases were partially offset by increases in property tax and other taxes and fines revenue. The following Total Revenues chart includes only current year revenues and includes all governmental funds, not just the General Fund

Total Revenues, Governmental Activities – 2019-20

Contribution from Use of Money and Successor Agency Property 0% Charges for Services Motor Vehicle In Lieu 7% Operating Contributions 22% 2% & Grants Miscellaneous 5% Other Taxes and Fines 0% 10% Capital Contributions Utility Users Tax & Grants 4% 2% Property Taxes 14%

Business License Taxes Sales Taxes 12% 11% Transient Occupancy Franchise Tax Tax 3% 8%

12 Governmental Activities – Expenses

Total governmental activities expenses were $62.2 million in fiscal year 2019-20, an increase of $7.1 million from the prior fiscal year. Major variances by function include:  Increase in Police Department expenses of $2.1 million primarily due to an increase in labor and pension liability costs.  Increase in Fire department expenses of $1.1 million primarily due to increased contract costs.  Increase in Economic Development and Housing expenses of $2.2 million primarily due increased affordable housing expenditures.  Increase in Public Works expenses of $1.4 million primarily due to increased capital improvement costs.

The Functional Expenses chart below includes only current year expenses for governmental activities and is not limited to only the General Fund.

Functional Expenses, Governmental Activities – 2019-20

City Manager's Office Finance Dept 2% 2% Interest on City Attorney's Human Resources Dept long-term 1% City Council Office Public Works debt 0% 1% Department 0% Information Technology 15% Dept 2% Community Services Department General Government 10% 6%

Property Based Improvement District Police Department 7% 26% Economic Development Fire Department and Housing Planning and Building 16% 6% 6%

13 Business-Type Activities (Sewer Fund) – Revenues

Revenues from business-type activities totaled $1.8 million, which was an increase of $0.8 million from the prior fiscal year.

Business-Type Activities (Sewer Fund) – Expenses

Expenses from business-type activities were $0.5 million, on par with the prior year’s results.

FUND FINANCIAL STATEMENTS

As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds

The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of resources that are available for spending. Such information is useful in assessing the City’s financial requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. Types of governmental funds reported by the City include the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds.

The table below summarizes City activity and balances at the fund level.

Financial Highlights Governmental Fund Level at Fiscal Year Ended June 30 ($ in millions) Increase 2020 2019 (Decrease) Total Assets $ 193.0 $ 178.4 $ 14.6 Total Liabilities 17.5 9.4 8.1 Total Deferred Inflow s of Resources 1.9 1.2 0.7 Total Fund Balances 173.6 167.7 5.9 Total Revenues 71.4 71.1 0.3 Total Expenditures 65.2 56.3 8.9 Total Other Financing Sources (uses) (0.3) - (0.3)

At June 30, 2020, the City’s Governmental Funds reported combined fund balances of $173.6 million, an increase of $5.9 million, or 3.5%, over the prior year. Governmental Fund revenues of $71.4 million increased by $0.3 million, or 0.4% over the prior year.

Governmental Fund expenditures increased by $8.9 million in fiscal year 2019-20 to $65.2 million, primarily due to the following:  Police expenses increased by $1.2 million primarily due to increased labor costs.  Economic Development and Housing expenses increased by $2.1 million due to increased affordable housing expenditures.  Capital Outlay expenses increased by $6.8 million over the prior fiscal year primarily due to construction costs for the South Bayfront Pedestrian Bridge Project.

General Fund - The General Fund is the City’s main operating fund. At June 30, 2020, the unassigned fund balance in combination with the economic uncertainty fund totaled $32.8 million while the total fund balance was $53.0 million. As a measure of the General Fund’s liquidity, it

14 may be useful to compare both unassigned and economic uncertainty fund balance and total fund balance to total General Fund expenditures. Combined Unassigned and Economic Uncertainty Fund balances represent 72.4% of General Fund budgeted expenditures of $45.3 million for fiscal year 2020-21. The Economic Uncertainty Fund balance was $22.8 million or 50.0% of total General Fund budgeted expenditures for fiscal year 2020-21. This meets the City’s 50.0% reserve target.

General Fund revenues totaled $45.1 million, a decrease of $3.9 million compared to prior fiscal year’s total revenues of $49.0 million. This was primarily due to a $2.5 million decrease tax revenue and a $1.1 million decrease in license and permit revenue resulting from the impact of the COVID-19 pandemic.

General Fund expenditures totaled $39.6 million, an increase of $1.0 million compared to the prior fiscal year’s total expenditures of $38.6 million. Increases in Police expenditures ($1.2 million), Fire expenditures ($0.5 million) and General Government expenditures ($0.6 million) were partially offset by reductions in Planning and Building and Community Services expenditures ($0.8 million and $0.4 million respectively).

Other Grants Fund – This fund was initiated in 1998 to account for funds from third-party grants and other sources and is used to segregate costs to be reimbursed by grants. Total revenues were $0.4 million and total expenditures were $1.3 million in fiscal year 2019-20.

Housing Assets Fund – This fund accounts for the housing assets of the City of Emeryville as Successor Agency to the former Emeryville Redevelopment Agency. Total revenues were $0.9 million and total expenditures were $18 thousand in fiscal year 2019-20.

Property Based Improvement District – This fund accounts for commercial and residential property assessments and General Fund contributions collected to fund the Emery Go-Round, the City’s shuttle service. Total revenues, including operating transfers in, were $4.7 million and total expenditures were $4.7 million in fiscal year 2019-20.

General Capital Improvements Fund – This fund accounts for capital projects and improvements typically funded with general revenues. Total revenues were $8.3 million and total expenditures, including operating transfers out, were $7.8 million in fiscal year 2019-20.

Enterprise Fund

The City operates the Sewer Enterprise Fund, its only Business-Type Activity. The Sewer Fund is used to support maintenance and rehabilitation of sewer lines throughout the City. A separate agency provides treatment of wastewater for the City. Expenses are paid from customer service charges. In fiscal year 2019-20, total net position of $14.3 million increased by $1.3 million compared to the prior year. Sewer Enterprise revenues may vary from year to year depending on the level of new development which affects connection fee revenue. Revenues for the Sewer Fund increased by $0.8 million in fiscal year 2019-20, while expenditures remained on par with the prior year.

15 GENERAL FUND BUDGETARY HIGHLIGHTS

Revisions to the 2019-20 General Fund original and final amended budget resulted in a decrease in budgeted revenues and transfers in of $4.7 million, and a decrease in appropriations and transfers out of $0.6 million. The decrease in budgeted revenues was primarily the result of the impact of the COVID-19 pandemic on tax and charges for service revenue. The decrease in appropriations were primarily the result of a reduction in community service and transfers out.

General Fund revenues exceeded the budgeted amount by $4.3 million primarily due to a $1.8 million favorable variance in taxes and a $1.8 favorable variance in investment income. Expenditures were $2.6 million below budget due to operating savings in all departments.

CAPITAL ASSETS

The City reports all of its capital assets including infrastructure on its statement of net assets. Infrastructure includes roads, bridges, signals and similar assets used by the entire population. The table below shows capital assets and the amount of accumulated depreciation for these assets as of June 30, 2020 for Governmental and Business-type Activities (further detail may be found in Note 6 to the financial statements).

Capital Assets at Fiscal Year Ended June 30 ($ in millions) 2020 2019 Governmental Activities Capital Asset Land and Construction in Progress$ 45.1 35.5$ Park Improvements and other Improvements 23.9 23.9 Buildings and Improvements 48.6 48.6 Furnishings, Vehicles and Equipment 7.4 7.4 Marina Improvements 8.7 8.7 Grading, Curb & Gutter, Sidewalks & Driveways 38.3 37.5 Less Accumulated Depreciation (75.3) (72.0) Total Governmental $ 96.7 89.6$

Business-Type Activities (Sewer) Buildings and Improvements 0.5 0.5 Sewer Improvements 9.9 9.9 Less Accumulated Depreciation (2.6) (2.4) Total Business-Type $ 7.8 8.0$

16 Governmental Activities capital assets net of depreciation increased by $7.1 million compared to fiscal year 2018-19. A major project under construction at the end of fiscal year 2019-20 was the South Bayfront Bridge and Horton Landing Park project. Business-Type Activities capital assets decreased by $0.2 million due to depreciation.

The City depreciates all its capital assets over their estimated useful lives. The purpose of depreciation is to spread the cost of a capital asset over its useful life so that an allocable portion of the cost of the asset is borne by all users. Additional information on capital assets and depreciable lives may be found in Note 1 and Note 6 to the financial statements.

DEBT ADMINISTRATION

Each of the City’s debt issues is discussed in detail in Note 7 to the financial statements, the Net Pension Liability is discussed in detail in Note 9 to the financial statements, and the Net OPEB Liability is discussed in detail in Note 11 to the financial statements. At June 30, 2020, the City’s outstanding debt was as follows:

Long-Term Debt at Fiscal Year Ended June 30 ($ in millions) 2020 2019 Government Wide Debt: Public Financing Authority Lease Revenue Bonds 2013 Series A$ 2.6 2.9$ Compensated Absences 3.0 2.8 Claims and Judgments 3.6 3.9 Termination Benefits - 0.1 Net Pension Liability 44.3 40.3 Net OPEB Liability 6.7 6.0 Total City Obligations 60.2 56.0

The former redevelopment agency long-term debt was transferred to the Emeryville Successor Agency private-purpose trust fund as of February 1, 2012. All interest and principal payments due on these bonds are paid by the redevelopment property tax trust fund monies in accordance with the bond covenants and the former redevelopment dissolution laws AB1X 26, AB 1484 and SB 107. See Note 16 of the financial statements for further details.

ECONOMIC OUTLOOK

The economic outlook for Emeryville and the East San Francisco Bay Area was strong through the first three quarters of the 2019-20 fiscal year. As with the rest of the nation, the City of Emeryville has been negatively impacted by the COVID-19 pandemic. The City has seen a significant reduction in revenue resulting from the impact of COVID-19 on the retail sales and travel/entertainment industries. Recent forecasts indicate that the City’s revenues will continue to be negatively impacted for the next several years. Additional details on the economy of the City are discussed in the accompanying Transmittal Letter.

17 CONTACTING THE CITY’S FINANCIAL MANAGEMENT

The Comprehensive Annual Financial Report is intended to provide citizens, taxpayers, investors, and creditors with a general overview of the City’s finances. Questions about this report should be directed to the Finance Department, at 1333 Park Avenue, Emeryville, California. This report and other financial reports can be viewed on the City of Emeryville website at www.emeryville.org.

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20 CITY OF EMERYVILLE

STATEMENT OF NET POSITION JUNE 30, 2020

Primary Government Governmental Business-Type Activities Activities Total Assets Cash and investments $ 175,122,633 $ 6,571,246 $ 181,693,879 Receivables: Accounts 1,324,519 92,455 1,416,974 Taxes 1,680,359 - 1,680,359 Due from other governments 1,287,121 - 1,287,121 Accrued interest 259,825 9,522 269,347 Prepaid costs 89,929 - 89,929 Land held for resale 17,943,395 - 17,943,395 Restricted assets: Cash and investments 12,677,378 - 12,677,378 Capital assets not being depreciated 45,084,818 5,130 45,089,948 Capital assets, net of depreciation 51,615,020 7,812,725 59,427,745 Total Assets 307,084,997 14,491,078 321,576,075

Deferred Outflows of Resources Deferred pension related items 12,515,807 53,087 12,568,894 Deferred OPEB related items 1,703,721 13,625 1,717,346 Total Deferred Outflows of Resources 14,219,528 66,712 14,286,240

Liabilities Accounts payable 10,320,567 6,193 10,326,760 Accrued liabilities 886,793 - 886,793 Accrued interest 12,721 - 12,721 Unearned revenue 4,400,628 - 4,400,628 Deposits payable 1,102,306 - 1,102,306 Compensated absences due within one year 484,973 - 484,973 Claims and judgments due within one year 751,530 - 751,530 Bonds due within one year 290,900 - 290,900 Noncurrent liabilities: Compensated absences due in more than one year 2,548,533 - 2,548,533 Claims and judgments due in more than one year 2,812,272 - 2,812,272 Bonds due in more than one year 2,292,600 - 2,292,600 Net pension liability 44,111,077 161,390 44,272,467 Net OPEB liability 6,664,911 51,510 6,716,421 Total Liabilities 76,679,811 219,093 76,898,904

Deferred Inflows of Resources Deferred pension related items 5,932,653 21,874 5,954,527 Deferred OPEB related items 55,133 444 55,577 Total Deferred Inflows of Resources 5,987,786 22,318 6,010,104

Net Position Net investment in capital assets 94,116,338 7,817,855 101,934,193 Restricted for: Community development projects 30,611,051 - 30,611,051 Public safety 165,770 - 165,770 Parks and recreation - - - Public works 1,901,868 - 1,901,868 Capital projects 22,902,199 2,756,937 25,659,136 Debt service 3,051 - 3,051 Small business incentive 103,203 - 103,203 Community services 117,112 - 117,112 Environmental programs 56,952 - 56,952 Pensions 223,701 - 223,701 Unrestricted 88,435,683 3,741,587 92,177,270 Total Net Position $ 238,636,928 $ 14,316,379 $ 252,953,307

See Notes to Financial Statements 21 CITY OF EMERYVILLE

STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2020

Program Revenues Operating Capital Charges for Contributions Contributions Functions/Programs Expenses Services and Grants and Grants Primary Government: Governmental Activities: City council $ 205,422 $ 50,524 $ - $ - City manager 1,170,384 - - - City attorney 622,553 - - - Finance 1,353,480 59,264 - - Human resources 764,058 - - - Information technology 1,507,232 - - - General government-non-departmental operations 3,760,939 1,918,689 408,036 - Police 16,129,575 648,172 307,920 - Fire 10,041,674 2,446,592 351 - Planning and building 3,525,039 1,793,344 51,900 - Economic development and housing 3,435,320 35,534 708,891 - Redevelopment 99,971 44,945 617,859 - Property based improvement district 4,648,962 4,025,621 - - Community services 629,765 397,748 - - Child development 2,592,826 1,016,238 218,042 - Youth services 1,624,184 262,594 94,056 - Adult services 1,005,876 16,251 30,227 - Public works 8,959,551 3,508,774 1,081,057 1,541,090 Interest on long-term debt 89,646 - - - Total Governmental Activities 62,166,457 16,224,290 3,518,339 1,541,090 Business-Type Activities: Sewer 522,049 1,737,964 - - Total Business-Type Activities 522,049 1,737,964 - - Total Primary Government $ 62,688,506 $ 17,962,254 $ 3,518,339 $ 1,541,090

General Revenues: Taxes: Property taxes, levied for general purpose Transient occupancy taxes Sales taxes Franchise taxes Business licenses taxes Utility users tax Other taxes Motor vehicle in lieu - unrestricted Use of money and property Other Transfers

Total General Revenues, Special Item, and Transfers

Change in Net Position

Net Position, Beginning of Year, as Previously Reported

Restatements of Net Position

Net Position, Beginning of Year

Net Position, End of Year

See Notes to Financial Statements 22 Net (Expenses) Revenues and Changes in Net Position Primary Government

Governmental Business-Type Activities Activities Total

$ (154,898) $ -$ (154,898) (1,170,384) - (1,170,384) (622,553) - (622,553) (1,294,216) - (1,294,216) (764,058) - (764,058) (1,507,232) - (1,507,232)

(1,434,214) - (1,434,214) (15,173,483) - (15,173,483) (7,594,731) - (7,594,731) (1,679,795) - (1,679,795) (2,690,895) - (2,690,895) 562,833 - 562,833 (623,341) - (623,341) (232,017) - (232,017) (1,358,546) - (1,358,546) (1,267,534) - (1,267,534) (959,398) - (959,398) (2,828,630) - (2,828,630) (89,646) - (89,646) (40,882,738) - (40,882,738)

- 1,215,915 1,215,915 - 1,215,915 1,215,915 (40,882,738) 1,215,915 (39,666,823)

9,979,951 - 9,979,951 6,027,857 - 6,027,857 7,839,940 - 7,839,940 1,989,366 - 1,989,366 8,658,838 - 8,658,838 3,046,197 - 3,046,197 7,513,108 - 7,513,108 963,890 - 963,890 5,075,406 105,446 5,180,852 84,553 - 84,553 51,500 (51,500) -

51,230,606 53,946 51,284,552

10,347,868 1,269,861 11,617,729

228,369,310 13,046,518 241,415,828

(80,250) - (80,250)

228,289,060 13,046,518 241,335,578

$ 238,636,928 $ 14,316,379 $ 252,953,307

See Notes to Financial Statements 23 THIS PAGE INTENTIONALLY LEFT BLANK

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 25 CITY OF EMERYVILLE

BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2020

Special Revenue Funds Property Based Improvement General Other Grants Housing Assets District Assets Cash and investments $ 48,779,272 $ 3,188,187 $ 4,847,113 $ 2,955,283 Receivables: Accounts 1,007,047 - 514 238,100 Taxes 1,536,562 - - 16,702 Due from other governments 65,907 1,214,938 - - Accrued interest 90,844 4,743 7,302 2,582 Prepaid costs 67,583 - - - Due from other funds 942,858 - - - Land held for resale - - 17,943,395 - Restricted assets: Cash and investments 11,603,335 - - - Total Assets $ 64,093,408 $ 4,407,868 $ 22,798,324 $ 3,212,667

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 5,002,878 $ 168,732 $ 160 $ 2,299,762 Accrued liabilities 878,849 - - - Unearned revenues 4,277,648 107,957 - - Deposits payable 513,498 - - - Due to other funds - 942,858 - - Total Liabilities 10,672,873 1,219,547 160 2,299,762 Deferred Inflows of Resources Unavailable revenues 423,319 1,213,866 - 238,100 Total Deferred Inflows of Resources 423,319 1,213,866 - 238,100 Fund Balances Nonspendable: Prepaid costs 67,583 - - - Restricted for: Community development projects 19,670 - 22,798,164 - Public safety - - - - Public works - - - - Capital projects - 1,974,455 - - Debt service - - - - Small business incentive 100,000 - - - Community services - - - - Environmental programs - - - - Pensions 223,701 - - - Committed to: Community development projects - - - - Capital projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Economic uncertainty 22,801,285 - - - PERS liability 14,038,818 - - - Economic development 2,195,341 - - - Community programs 415,648 - - 674,805 Assigned to: Capital projects - - - - Community services - - - - Disasters 3,137,915 - - - Unassigned 9,997,255 - - - Total Fund Balances 52,997,216 1,974,455 22,798,164 674,805 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 64,093,408 $ 4,407,868 $ 22,798,324 $ 3,212,667

See Notes to Financial Statements 26 CITY OF EMERYVILLE

BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2020

Capital Projects Funds Nonmajor Total General Capital Governmental Governmental Improvements Funds Funds Assets Cash and investments $ 44,312,505 $ 52,761,254 $ 156,843,614 Receivables: Accounts - 52,217 1,297,878 Taxes 781 126,314 1,680,359 Due from other governments - 6,276 1,287,121 Accrued interest 65,139 62,387 232,997 Prepaid costs - 20,434 88,017 Due from other funds - - 942,858 Land held for resale - - 17,943,395 Restricted assets: Cash and investments - 1,074,043 12,677,378 Total Assets $ 44,378,425 $ 54,102,925 $ 192,993,617

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 1,210,487 $ 1,455,697 $ 10,137,716 Accrued liabilities 6,016 1,928 886,793 Unearned revenues - 15,023 4,400,628 Deposits payable - 581,048 1,094,546 Due to other funds - - 942,858 Total Liabilities 1,216,503 2,053,696 17,462,541 Deferred Inflows of Resources Unavailable revenues - 6,276 1,881,561 Total Deferred Inflows of Resources - 6,276 1,881,561 Fund Balances Nonspendable: Prepaid costs - 20,434 88,017 Restricted for: Community development projects - 7,793,217 30,611,051 Public safety - 165,770 165,770 Public works - 1,901,868 1,901,868 Capital projects - 20,927,744 22,902,199 Debt service - 3,051 3,051 Small business incentive - 3,203 103,203 Community services - 117,112 117,112 Environmental programs - 56,952 56,952 Pensions - - 223,701 Committed to: Community development projects - 5,689,536 5,689,536 Capital projects 43,161,922 - 43,161,922 Facility maintenance - 4,550,478 4,550,478 Vehicle replacement - 3,432,643 3,432,643 Information technology - 2,161,060 2,161,060 Economic uncertainty - - 22,801,285 PERS liability - - 14,038,818 Economic development - - 2,195,341 Community programs - - 1,090,453 Assigned to: Capital projects - 5,048,992 5,048,992 Community services - 170,893 170,893 Disasters - - 3,137,915 Unassigned - - 9,997,255 Total Fund Balances 43,161,922 52,042,953 173,649,515 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 44,378,425 $ 54,102,925 $ 192,993,617

See Notes to Financial Statements 27 THIS PAGE INTENTIONALLY LEFT BLANK

28 CITY OF EMERYVILLE

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2020

Total Fund Balances - Governmental Funds $ 173,649,515

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets used in governmental activities are not current financial resources and therefore are not reported in the governmental funds balance sheet. 96,699,838

Pension contributions made subsequent to the measurement date of the net pension liability are deferred and recognized in the subsequent period. These include: Miscellaneous pension plan $ 1,361,567 Safety pension plan 3,030,829 Emeryville Police Officers' Association retirement enhancement plan 147,759 4,540,155

Other post-employment benefit (OPEB) contributions made subsequent to the measurement date of the net OPEB liability are deferred and recognized in the subsequent period. 362,398

Adjustments that increase net pension liability are recorded as deferred outflows of resources and are amortized over their remaining service life. These include: Miscellaneous pension plan 2,852,712 Safety pension plan 4,928,479 Emeryville Police Officers' Association retirement enhancement plan 194,461 7,975,652

Adjustments that increase net OPEB liability are recorded as deferred outflows of resources and are amortized over their remaining service life. 1,341,323

Accrued interest on long-term debt does not require current financial resources. Therefore, accrued interest is not reported as a liability in the governmental funds balance sheet. (12,721)

Long-term liabilities are not due and payable in the current period and therefore are not reported in the governmental funds balance sheet. These include: Lease Revenue Bonds (2,583,500)

Governmental funds report all pension contributions as expenditures, however, in the statement of net position, the excess of the plan proportionate share of thetotal pension liability over the proportionate share of the plan fiduciary net position is reported as a net pension liability. These include: Miscellaneous pension plan (13,423,188) Safety pension plan (30,377,824) Emeryville Police Officers' Association retirement enhancement plan (310,065) (44,111,077)

Governmental funds report all OPEB contributions as expenditures, however, in the statement of net position, the excess of the plan proportionate share of the total OPEB liability over the proportionate share of the plan fiduciary net position is reported as a net OPEB liability. (6,664,911)

Adjustments that reduce net pension liability are recorded as deferred inflows of resources and are amortized over their remaining service life. These include: Miscellaneous pension plan (2,147,523) Safety pension plan (3,355,038) Emeryville Police Officers' Association retirement enhancement plan (430,092) (5,932,653)

Adjustments that reduce net OPEB liability are recorded as deferred inflows of resources and are amortized over their remaining service life. (55,133)

The Statement of Net Position reports receivables at their net realizable value. However, receivables not available to pay for current period expenditures are deferred and reported as unavailable revenues in the governmental funds. 1,881,561

Internal service funds are used by management to charge the costs of certain activities, such as insurance and accrued benefits, to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the government-wide Statement of Net Position. 11,546,481

Net Position of Governmental Activities $ 238,636,928

See Notes to Financial Statements 29 CITY OF EMERYVILLE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Special Revenue Funds Property Based Improvement General Other Grants Housing Assets District Revenues Taxes $ 35,274,791 $ - $ - $ 4,114,462 Licenses and permits 3,894,645 - - - Intergovernmental 1,864,827 322,710 - - Charges for services 771,445 - 43,297 - Investment income 1,845,444 60,476 263,109 26,742 Rent 410,893 - - - Contributions 357,468 - - - Developer participation - - - - Miscellaneous 727,045 - 547,716 - Total Revenues 45,146,558 383,186 854,122 4, 141,204

Expenditures Current: City council 186,613 - - 17,600 City manager 1,037,140 - - - City attorney 546,763 - - - Finance 1,204,350 - - - Human resources 664,688 - - - Information technology 748,638 - - - General government-non-departmental operations 2,708,668 - - - Police 13,945,317 46,051 - - Fire 8,684,847 - - - Planning and building 2,668,198 - - - Economic development and housing 776,419 - 18,168 - Property based improvement district - - - 4,648,962 Community services 570,509 - - - Child development - - - - Youth services 1,533,726 - - - Adult services 817,265 50,000 - - Public works 3,551,480 - - - Capital outlay - 1,212,552 - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 39,644,621 1, 308,603 18,168 4, 666,562 Excess (Deficiency) of Revenues Over (Under) Expenditures 5,501,937 (925,417) 835,954 (525,358)

Other Financing Sources (Uses) Transfers in 61,500 7,391 - 560,300 Transfers out (2,371,741) - - -

Total Other Financing Sources (Uses) (2,310,241) 7,391 - 560,300

Net Change in Fund Balances 3,191,696 (918,026) 835,954 34,942

Fund Balances, Beginning of Year, as previously reported 49,805, 520 2, 892,481 21, 962,210 639,863

Restatements - - - -

Fund Balances, Beginning of Year, as Restated 49,805,520 2, 892,481 21, 962,210 639,863

Fund Balances, End of Year $ 52,997,216 $ 1,974,455 $ 22,798,164 $ 674,805

See Notes to Financial Statements 30 CITY OF EMERYVILLE

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Capital Projects Funds Nonmajor Total Governmental Governmental General Capital Improvements Funds Funds Revenues Taxes $ 7,393,724 $ 2,338,027 $ 49,121,004 Licenses and permits - 3,256,016 7,150,661 Intergovernmental - 1,116,272 3,303,809 Charges for services - 889,345 1,704,087 Investment income 864,907 787,628 3,848,306 Rent - 482,246 893,139 Contributions - - 357,468 Developer participation - 1,442,000 1,442,000 Miscellaneous - 2,381,935 3,656,696 Total Revenues 8,258,631 12,693,469 71,477,170

Expenditures Current: City council - - 204,213 City manager - - 1,037,140 City attorney - - 546,763 Finance - - 1,204,350 Human resources - - 664,688 Information technology - 502,465 1,251,103 General government-non-departmental operations 164,738 713,598 3,587,004 Police - 154,000 14,145,368 Fire - 199,682 8,884,529 Planning and building 11,241 655,518 3,334,957 Economic development and housing - 2,563,150 3,357,737 Property based improvement district - - 4,648,962 Community services - 60,034 630,543 Child development - 2,331,071 2,331,071 Youth services - - 1,533,726 Adult services - - 867,265 Public works 530,982 592,957 4,675,419 Capital outlay 7,130,108 3,609,771 11,952,431 Debt service: Principal retirement - 282,100 282,100 Interest and fiscal charges - 86,541 86,541 Total Expenditures 7,837,069 11,750,887 65,225,910 Excess (Deficiency) of Revenues Over (Under) Expenditures 421,562 942,582 6,251,260

Other Financing Sources (Uses) Transfers in - 2,272,041 2,901,232 Transfers out (7,391) (830,600) (3,209,732)

Total Other Financing Sources (Uses) (7,391) 1,441,441 (308,500)

Net Change in Fund Balances 414,171 2,384,023 5,942,760

Fund Balances, Beginning of Year, as previously reported 43,299,259 49,107,422 167,706,755

Restatements (551,508) 551,508 -

Fund Balances, Beginning of Year, as Restated 42,747,751 49,658,930 167,706,755

Fund Balances, End of Year $ 43,161,922 $ 52,042,953 $ 173,649,515

See Notes to Financial Statements 31 CITY OF EMERYVILLE

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2020

Net Change in Fund Balances - Total Governmental Funds $ 5,942,760

Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlay as expenditures. However, in the government-wide Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation expenses. This is the amount by which capital outlays exceeded depreciation expense in the current period. Capital outlay $ 10,535,960 Depreciation (3,389,492) 7,146,468

Pension obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. These include: Miscellaneous pension plan (1,684,727) Safety pension plan (2,625,836) Emeryville Police Officers' Association retirement enhancement plan 68,496 (4,242,067)

Other post-employment benefit (OPEB) obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (565,934)

Interest payments on long-term debt are reported as an expenditure in the govermental funds when interest payments actually occur, but does not account for future interest due on long-term debt since accrued interest does not require current financial resources. The change in accrued interest is reported in the government- wide Statement of Activities. (3,105)

Principal payments on long-term debt are not an expense in the government-wide Statement of Activities, but are considered expenditures in governmental funds. These include: Repayment of Lease Revenue Bonds 282,100

Termination benefits require the use of current financial resources to the extent of actual benefits payments made during the year, which are reported as expenditures in the governmental funds. Termination benefits not expected to be paid with current financial resources are expensed in the government-wide Statement of Activities. 65,300

Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 651,694

Internal service funds are used by management to charge the costs of certain activities, such as insurance and fleet operations, to individual funds. The funds' revenues and expenses are included as governmental activities in the Statement of Activities. 1,070,652

Change in Net Position of Governmental Activities $ 10,347,868

See Notes to Financial Statements 32 &,7<2)(0(5<9,//(  35235,(7<)81'667$7(0(176  3URSULHWDU\ )XQGV DFFRXQW IRU &LW\ RSHUDWLRQV ILQDQFHG DQG RSHUDWHG LQ D PDQQHU VLPLODU WR D SULYDWH EXVLQHVVHQWHUSULVH7KHLQWHQWRIWKH&LW\LVWKDWWKHFRVWRISURYLGLQJJRRGVDQGVHUYLFHVEHILQDQFHG SULPDULO\WKURXJKXVHUFKDUJHV  7KHFRQFHSWRImajor funds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

 33 CITY OF EMERYVILLE

STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2020

Business-Type Activities - Enterprise Funds Governmental Activities- Internal Sewer Service Funds Assets Current: Cash and investments $ 6,571,246 $ 18,279,019 Receivables: Accounts 92,455 26,641 Accrued interest 9,522 26,828 Prepaid costs - 1,912 Total Current Assets 6,673,223 18,334,400 Noncurrent: Capital assets, net of accumulated depreciation 7,817,855 - Total Noncurrent Assets 7,817,855 - Total Assets 14,491,078 18,334,400

Deferred Outflows of Resources Deferred pension related items 53,087 - Deferred OPEB related items 13,625 - Total Deferred Outflows of Resources 66,712 -

Liabilities Current: Accounts payable 6,193 182,851 Deposits payable - 7,760 Compensated absences - 484,973 Claims and judgments - 751,530 Total Current Liabilities 6,193 1,427,114 Noncurrent: Compensated absences - 2,548,533 Claims and judgments - 2,812,272 Net pension liability 161,390 - Net OPEB liability 51,510 - Total Noncurrent Liabilities 212,900 5,360,805 Total Liabilities 219,093 6,787,919

Deferred Inflows of Resources Deferred pension related items 21,874 - Deferred OPEB related items 444 - Total Deferred Inflows of Resources 22,318 -

Net Position Investment in capital assets 7,817,855 - Restricted for capital projects 2,756,937 - Unrestricted 3,741,587 11,546,481 Total Net Position $ 14,316,379 $ 11,546,481

See Notes to Financial Statements 34 CITY OF EMERYVILLE

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Business-Type Activities - Enterprise Funds Governmental Activities- Internal Sewer Service Funds Operating Revenues Charges for services $ 1,737,964 $ 15,903,295 Total Operating Revenues 1,737,964 15,903,295

Operating Expenses Administration and general 251,394 15,096,857 Cost of sales and services 79,595 - Claims expense - 422,984 Depreciation expense 191,060 - Other - 6,763 Total Operating Expenses 522,049 15,526,604 Operating Income 1,215,915 376,691

Nonoperating Revenues Investment income 105,446 333,961

Total Nonoperating Revenues 105,446 333,961

Income Before Transfers 1,321,361 710,652

Transfers in - 360,000 Transfers out (51,500) -

Changes in Net Position 1,269,861 1,070,652

Net Position, Beginning of Year 13,046,518 10,475,829

Net Position, End of Year $ 14,316,379 $ 11,546,481

See Notes to Financial Statements 35 CITY OF EMERYVILLE

STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Business-Type Activities - Enterprise Funds Governmental Activities- Internal Sewer Service Funds Cash Flows from Operating Activities Receipts from customers and users $ 1,752,434 $ 15,916,733 Payments to suppliers and providers (75,886) (443,634) Payments to employees for salaries and benefits (261,490) (14,666,875) Payments for claims - (908,404) Net Cash Provided by (Used for) Operating Activities 1,415,058 (102,180)

Cash Flows from Non-Capital Financing Activities

Cash transfers in - 360,000 Cash transfers out (51,500) - Net Cash Provided by (Used for) Non-CapitalNon-Capital FinancingFinancing ActivitiesActivities (51,500) 360,000

Cash Flows from Investing Activities Interest on cash and investments 108,402 350,437

Net Cash Provided by Investing Activities 108,402 350,437

Net Increase (Decrease) in Cash and Cash Equivalents 1,471,960 608,257

Cash and Cash Equivalents, Beginning of Year 5,099,286 17,670,762

Cash and Cash Equivalents, End of Year $ 6,571,246 $ 18,279,019

Reconciliation of Operating Income to Net Cash Provided by (Used for) Operating Activities Operating income $ 1,215,915 $ 376,691 Adjustments to Reconcile Operating Income to Net Cash Provided by (Used for) Operating Activities Depreciation 191,060 - Decrease in accounts receivable 14,470 10,194 (Increase) decrease in prepaid costs - 92 Increase (decrease) in accounts payable 3,709 (313,951) Increase (decrease) in deposits payable - 3,244 (Decrease) in compensated absences - 195,740 Increase in claims and judgments - (374,190) Increase (decrease) in salaries and benefits payable (10,096) -

Total Adjustments 199,143 (478,871)

Net Cash Provided by (Used for) Operating Activities $ 1,415,058 $ (102,180)

See Notes to Financial Statements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

 37 CITY OF EMERYVILLE

STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS JUNE 30, 2020

Private-Purpose Trust Funds Successor Agency Agency of the Funds Former RDA Assets Cash and investments $ 1,295,648 $ 6,995,945 Receivables: Accounts - 217 Accrued interest 2,869 25,325 Notes and loans - 14,455,747 Prepaid costs - 397,206 Land held for resale - 24,818,694 Restricted assets: Cash and investments with fiscal agents 905,398 9,570,292 Capital assets: Capital assets, not being depreciated - 11,333,991 Total Assets $ 2,203,915 67,597,417

Liabilities Accounts payable $ - 1,190,565 Accrued interest - 1,243,310 Due to bondholders 2,203,915 - Long-term liabilities: Bonds due in one year - 7,390,000 Pollution remediation obligations due in one year - 60,000 Bonds due in more than one year - 80,558,170 Pollution remediation obligation due in more than one year - 803,022 Total Liabilities $ 2,203,915 91,245,067

Net Position Held in trust for other purposes (23,647,650) Total Net Position $ (23,647,650)

See Notes to Financial Statements 38 CITY OF EMERYVILLE

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Private-Purpose Trust Funds Successor Agency of the Former RDA Additions Taxes $ 13,134,470 Interest and change in fair value of investments 593,446 Transfers in 11,119,929

Total Additions 24,847,845

Deductions Administrative expenses 310,368 Contractual services 3,896,551 Interest expense 3,057,818 Contributions to other governments 437,642 Transfers out 11,119,929 Total Deductions 18,822,308

Changes in Net Position 6,025,537

Net Position, Beginning of Year (29,673,187)

Net Position, End of Year $ (23,647,650)

See Notes to Financial Statements 39 THIS PAGE INTENTIONALLY LEFT BLANK

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57 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 4: Interfund Activities

a. Transfers In/Out

Transfers are reported in the accompanying financial statements as of June 30, 2020, as follows:

Transfers Out

Business-Type Governmental Activities Activities

General Nonmajor General Capital Governmental Sewer Transfers In Fund Improvements Funds Fund Total Governmental Activities General Fund $ - $ - $ 10,000 $ 51,500 $ 61,500 Other Grants - 7,391 - - 7,391 Property Based Improvement District 560,300 - - 560,300 Nonmajor Governmental Funds 1,451,441 - 820,600 - 2,272,041 Internal Service Funds 360,000 - - - 360,000

Total $ 2,371,741 $ 7,391 $ 830,600 $ 51,500 $ 3,261,232

The General fund received $10,000 and $51,500 from a nonmajor governmental fund and the Sewer fund, respectively, for support of general operations.

The General Fund transferred $560,300 to the Property Based Improvement District fund to help fund the Emeryville shuttle services, and transferred $1,451,441 to various nonmajor funds, including $368,641 to the 1998 Lease Revenue Bond Fund to fund a debt service payment, and $1,082,800 to the Child Development fund to support the operation of the City’s Child Development Center.

The General Fund also transferred $360,000 to two internal service funds in support of general obligations.

The General Capital Improvements Fund transferred $7,391 to nonmajor governmental funds for support of grant-funded projects.

A nonmajor governmental fund transferred $820,600 to another nonmajor governmental fund to support technology programs.

b. Due To/From Other Funds

During the course of operations, transactions occur between funds to account for goods received or services rendered. These receivables and payables are classified as due from or due to other funds. In addition, when funds overdraw their share of pooled cash, the receivables and payables are also classified as due from or due to other funds.

The General Fund provided a short-term loan to the Other Grants fund in the amount of $942,858 to cover negative cash balances.

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61 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 6: Capital Assets

Governmental Activities capital asset activity as of June 30, 2020, is as follows:

Adjusted Construction Balance at Beginning Placed Balance at July 1, 2019 Adjustments Balance Additions in Service Disposals June 30, 2020 Governmental Activities Capital assets not being depreciated: Land $ 29,297,979 $ - $ 29,297,979 $ - $ - $ - $ 29,297,979 Construction in progress 6,176,137 (80,250) 6,095,887 10,494,849 (803,897) - 15,786,839 Total Capital Assets Not Being Depreciated 35,474,116 (80,250) 35,393,866 10,494,849 (803,897) - 45,084,818 Capital assets being depreciated: Park and other improvements 23,954,418 - 23,954,418 - - - 23,954,418 Buildings and improvements 48,616,998 - 48,616,998 - - - 48,616,998 Furnishings, vehicles and equipment 7,375,661 - 7,375,661 41,111 43,920 (61,320) 7,399,372 Marina improvements 8,674,685 - 8,674,685 - - - 8,674,685 Grading, curbs, gutters, sidewalks and driveway approaches 37,538,101 - 37,538,101 - 759,977 - 38,298,078 Total Capital Assets Being Depreciated 126,159,863 - 126,159,863 41,111 803,897 (61,320) 126,943,551 Less accumulated depreciation for: Park and other improvements 10,264,927 - 10,264,927 1,040,372 - - 11,305,299 Buildings and improvements 22,188,176 - 22,188,176 1,181,657 - - 23,369,833 Furnishings, vehicles and equipment 5,529,121 - 5,529,121 529,871 - (61,320) 5,997,672 Marina improvements 7,211,478 - 7,211,478 27,100 - - 7,238,578 Grading, curbs, gutters, sidewalks and driveway approaches 26,806,657 - 26,806,657 610,492 - - 27,417,149

Total Accumulated Depreciation 72,000,359 - 72,000,359 3,389,492 - (61,320) 75,328,531 Net Capital Assets Being Depreciated 54,159,504 - 54,159,504 (3,348,381) 803,897 - 51,615,020 Governmental Activity Capital Assets, Net $ 89,633,620 $ (80,250) $ 89,553,370 $ 7,146,468 $ - $ - $ 96,699,838

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 64 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 7: Long-Term Liabilities (Continued)

c. Termination Benefits

In governmental activities, the liability for termination benefits are reported in the Cities Accrued Benefits internal service fund and will be liquidated by that fund. The following is a summary of the changes in compensated absences for the fiscal year ended June 30, 2020:

Balance at Balance at Current June 30, 2019 Reductions June 30, 2020 Portion Termination Benefits $ 65,300 $ 65,300 $ - $ -

Note 8: Debt Without City Commitment

a. Public Financing Authority 1999 Revenue Bonds

On July 21, 1999, the Public Financing Authority issued $14,420,000 1999 Revenue Bonds to refinance three previously issued bonds: The West Emeryville Assessment District Improvement Bonds, the Bay Street-Shellmound Street Extension Assessment District Limited Obligation Bonds, and the East Bay Bridge Assessment District Limited Obligation Improvement Bonds, No. 1993-1. In addition, proceeds of the 1999 Revenue Bonds have been used to finance acquisition and construction of certain capital improvements in the City. The City is in no way liable for repayment of the bonds but acts as agent for the property owners in collecting the assessments, forwarding the collections to bondholders, and initiating foreclosure proceedings, if appropriate.

Note 9: Defined Benefit Pension Plans

a. Summary of Liability Amounts, Deferred Outflows and Deferred Inflows

A summary of the City’s net pension liability and deferred amounts arising from various plans are listed below.

Plan Net Pension Liability Deferred Outflows Deferred Inflows CalPERS Miscellaneous Rate Plan $ 13,584,578 $ 4,267,366 $ 2,169,396 CalPERS Safety Rate Plan 30,377,824 7,959,308 3,355,039 Emeryville Police Officers’ Association Retirement Enhancement Plan (EPOA) 310,065 342,220 430,092 $ 44,272,467 $ 12,568,894 $ 5,954,527

b. Miscellaneous and Safety Pension Plans

Plan Descriptions

All qualified permanent and probationary employees are eligible to participate in Management of Emeryville Services Authority’s Miscellaneous Plan, or the City of Emeryville’s Safety Police or Safety Fire Plans (the Plans), cost-sharing multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

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 71 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 9: Defined Benefit Pension Plans (Continued)

c. Emeryville Police Officers’ Association Retirement Enhancement Plan

Plan Description, Benefits Provided and Employees Covered

The Emeryville Police Officers’ Association (EPOA) Retirement Enhancement Plan is an agent multiple-employer defined benefit pension plan administered by the Public Agency Retirement System (PARS). The plan does not issue separately audited financial statements.

The plan provides supplemental retirement benefits in the form of monthly annuities to retirees and survivors of retirees in the plan.

The membership as of June 30, 2018 included 23 active participants and 5 retirees. The plan is closed to new entrants.

Contributions

Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined by an independent pension actuary using information furnished by the City and by PARS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. For the measurement period ended June 30, 2019 (the measurement date), the employer’s contribution rate is 3.99% percent of annual payroll, and no contributions were made by the employees. Employer contribution rates may change if plan contracts are amended. It is the responsibility of the employer to make necessary accounting adjustments to reflect the impact due to any Employer Paid Member Contributions or situations where members are paying a portion of the employer contribution.

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81 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 12: Risk Management (Continued)

The City’s liability for uninsured claims is limited to workers’ compensation and general liability claims, as discussed above, and was estimated by management based on prior years’ claims experience as of June 30, 2020, and 2019:

Amounts Balance at Current Fiscal Balance at Due Within June 30, 2019 Year Claims Claims Paid June 30, 2020 One Year Workers' Compensation Claims$ 3,865,000 400,730 (760,730) $ 3,505,000 $ 732,570 General Liability Claims 72,992 3,754 (17,944) 58,802 18,960 Total Claims$ 3,937,992 $ 404,484 $ (778,674) $ 3,563,802 $ 751,530

Note 13: Commitments and Contingencies

a. General

The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney, there is pending litigations that are reasonably possible to have a material adverse effect on the financial position of the City.

The City participates in several federal and state grant programs. These programs have been audited by the City’s independent accountants in accordance with the provisions of the federal Single Audit Act Amendments of 1986 and applicable state requirements. No cost disallowances were proposed as a result of these audits; however, these programs are still subject to further examination by the grantors, and the amount, if any, of expenditures, which may be disallowed by the granting agencies, cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

Note 14: Restatement of Prior Year Balance

Beginning fund balances of the Measure B fund, Measure BB, and 1999 Revenue Bond funds were restated by $350,000, $164,241, and ($514,241), respectively, due to prior year costs related to Street Resurfacing Projects. It was determined by City staff in subsequent years that purchase orders and related project costs were incorrectly coded to improper funds. In addition, beginning fund balances of the Park/Rec Impact Fee fund and General Capital Improvements fund were restated by $551,508 and ($551,508), respectively, due to prior year costs related to CF-13 Horton Landing Park project. It was determined by city council in the subsequent year that current funding budgeting levels were not adequate to cover fiscal year 2018-19 costs.

Note 15: Subsequent Events

On March 27, 2020, in response to the economic fallout of the Coronavirus pandemic in the United States, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, which provided $2.2 trillion in economic stimulus funding through a variety of channels. The State of California received a $500 million allocation to provide cities which did not receive a direct federal allocation through the CARES Act. The City entered into an agreement with the State of California in July 2020 to receive their allocation of the CARES Act funding. The funding is to be received in four monthly installments, including three installments of $25,308 and one installment of $75,921, with the first installment received by the City in July 2020. The total amount of CARES Act funding to be received by the City is $151,845. This funding was for the reimbursement of costs incurred by the City since the start of the pandemic.

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84 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 16: Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued)

4. Emery Unified School District

On March 25, 2008, the former Redevelopment Agency made a facilities loan of $2,836,648 to the Emery Unified School District (EUSD). The facilities loan will be used by EUSD to provide supplemental funding of project costs for a two-story modular classroom for Anna Yates Elementary School and the replacement of the playing field and the renovation of the Industrial Arts building at Emery Secondary School. The loan has an interest rate of 4.577333% and is amortized over 16 years with repayment made semi-annually effective December 31, 2008, from EUSD’s share of AB 1290 pass through payments that would otherwise be available for educational facilities.

5. Avalon Commercial LLC

On December 4, 1998, the former Redevelopment Agency loaned the developer of the Avalon Commercial Project $475,000 to cover development costs associated with the commercial space of the project. An additional loan of $55,000 was made on May 25, 2005 to cover development cost overruns. The interest rates are 7% and 3% respectively, secured by a deed of trust on the property. Payments of principal and interest are to be made from residual cash flow as defined in the promissory note with the full amount of outstanding principal and interest due the earliest of 55 years from the date of the note, when the property is sold or refinanced, or in the event of default on the loan agreement.

d. Development Agreements

The former Redevelopment Agency had entered into a variety of development agreements with third parties to provide needed improvements and projects. Activities under agreements that are completed or for which there are continuing commitments are disclosed below. The Agency had other agreements that entitled it to collect certain loans or notes receivables, which are disclosed above. These agreements were transferred to the Successor Agency upon dissolution of the former redevelopment agency.

1. Emeryville Bay Street

The developer has acquired parcels from the former Redevelopment Agency for use as a site for the Emeryville Town Center (Bay Street) in exchange for a note receivable due to the former Redevelopment Agency, which is disclosed in Note 16.c.3 above.

85 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 16: Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued)

e. Capital Assets

The Successor Agency of the Former Redevelopment Agency capital asset activity for the year ending June 30, 2020, is as follows:

Balance at Balance at June 30, 2019 Additions Deletions June 30, 2020

Capital assets not being depreciated: Construction in progress $ 10,742,373 $ 591,618 $ - $ 11,333,991 Total Capital Assets Not Being Depreciated 10,742,373 591,618 - 11,333,991 Capital assets being depreciated: Buildings and improvements 577,890 - - 577,890 Total Capital Assets Being Depreciated 577,890 - - 577,890 Less accumulated depreciation for: Buildings and improvements 577,890 - - 577,890 Total Accumulated Depreciation 577,890 - - 577,890 Net Capital Assets Being Depreciated - - - - Successor Agency of the former RDA Capital Assets, Net $ 10,742,373 $ 591,618 $ - $ 11,333,991

f. Long-Term Debt

A description of long-term debt outstanding of the Successor Agency as of June 30, 2020, is as follows:

Balance at Balance at Current June 30, 2019 Retirements June 30, 2020 Portion Successor Agency of the former RDA Public Offering Bonds: Tax Allocation Refunding Bonds, Series 2014A $ 73,365,000 $ 6,120,000 $ 67,245,000 $ 6,425,000 Tax Allocation Refunding Bonds, Series 2014B 10,670,000 940,000 9,730,000 965,000 Total Bonds 84,035,000 7,060,000 76,975,000 7,390,000 Unamortized Bond Premium/(Discount) Tax Allocation Refunding Bonds, Series 2014A 11,797,383 761,121 11,036,262 - Tax Allocation Refunding Bonds, Series 2014B (68,578) (5,486) (63,092) - Total Unamortized Bond Premium/(Discount) 11,728,805 755,635 10,973,170 - Total Successor Agency of the Former RDA Long-Term Liabilities $ 95,763,805 $ 7,815,635 $ 87,948,170 $ 7,390,000

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87 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 16: Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued)

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2020, including interest, are as follows:

Tax Allocation Refunding Bonds Series 2014B Principal Interest 2021$ 965,000 $ 370,963 2022 995,000 339,331 2023 1,030,000 303,361 2024 1,065,000 263,273 2025 1,105,000 219,310 2026-2030 3,995,000 414,388 2031-2032 575,000 26,941 $ 9,730,000 $ 1,937,567

g. Pollution Remediation Obligations

The City follows the guidance of GASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, establishing accounting and financial reporting standards for pollution (including contamination) remediation obligations, which are obligations to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities such as site assessments and cleanups.

The former Emeryville Redevelopment Agency acquired properties which were determined to have soil and groundwater contamination. These sites include the Corporation Yard, Bay Street-Site A, and Bay Street-Site B. The former Emeryville Redevelopment Agency is responsible for the investigation, characterization and remediation of the soil and groundwater from the contamination at these sites. In accordance with the Dissolution Act, these obligations are now the responsibility of the Successor Agency to the Emeryville Redevelopment Agency. Remediation costs are covered by Redevelopment Property Tax Trust Fund (“RPTTF”) revenues distributed by Alameda County to the Successor Agency for expenditure on its obligations with approval from the California Department of Finance.

Using the expected outflows technique, the Successor Agency has measured the liabilities based on the pollution remediation outlays expected to be incurred to settle those liabilities.

In fiscal year 2015-16, the Department of Toxic Substances Control (“DTSC”) directed the Successor Agency to conduct additional testing at the Corporation Yard site to further define the vertical and lateral extent of contamination in groundwater. The evaluation concluded that a more comprehensive remedial alternative is required to clean up the contamination. The estimated cost to remediate the Corporation Yard is approximately $45,100,000, which is in addition to the approximately $5,800,000 necessary to investigate, evaluate and obtain approval of the remedial action plan by the DTSC. For the 2020-21 ROPS (Recognized Obligation Payment Schedule) period, the California Department of Finance (“DOF”) denied funding in the amount of $2,995,000 for investigation and remediation of the Corporation Yard site, upon determination that remediation of the site is not an enforceable obligation of the former Redevelopment Agency. On May 19, 2019, the City and Successor Agency have filed suit challenging the DOF’s determination and denial of remediation funding, and that litigation is ongoing. The City expects to resubmit this obligation in future ROPS.

88 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 16: Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued)

The estimated remaining outstanding cost to complete the clean-up of the Corporation Yard and Bay Street – Site B and conduct on-going groundwater monitoring at Bay Street – Site A, is estimated at $863,022 as of June 30, 2020. Of the total clean-up costs, $44,241,703 for the Corporation Yard and $1,704,584 for Bay Street-Site B have been determined to be capitalizable because remediation outlays are necessary to place these assets into their intended location and condition for use. Therefore, these amounts are not reported on the face of the financial statements.

Balance at Balance at Current June 30, 2019 Additions Reductions June 30, 2020 Portion Pollution Remediation Obligation $ 849,415 $ 47,651 $ 34,044 $ 863,022 $ 60,000

h. Pledged Revenue

As previously discussed, the former Redevelopment Agency pledged, as security for bonds issued, either directly or through the Financing Authority, a portion of tax increment revenue (including Low and Moderate Income Housing set-aside and pass through allocations) that it receives directly from the RTTPF. The bonds issued were to provide financing for various capital projects, accomplish Low and Moderate Income Housing projects and to defease previously issued bonds. Assembly Bill 1X 26 provided that upon dissolution of the Agency, property taxes allocated to redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency. Total principal and interest remaining on the debt is $97,067,442 with annual debt service requirements as indicated above. For the current year, the total property tax revenue recognized by the Successor Agency for the payment of indebtedness incurred by the dissolved redevelopment agency was $13,134,470 and the debt service obligation on the bonds was $10,955,384.

i. Housing Revenue Bonds Without Commission Commitment

On August 15, 1996, the former Redevelopment Agency assisted in the issuance of $16,470,000 in Revenue Bonds for the purpose of providing funds to make a loan to East Bay Bridge Partners to provide permanent financing for a multifamily rental housing project known as the East Bay Bridge Project. Principal and interest on the bonds are payable semi-annually on March 1 and September 1 of each year commencing March 1, 1998. The Commission has no legal or moral commitment for the repayment of these bonds.

On October 9, 2002, the former Redevelopment Agency assisted in the issuance of $66,715,000 in Multifamily Housing Refunding Revenue Bonds, Series 2002A for the purpose of providing funds to make a loan to Bay Street Housing Partners to provide financing for the acquisition and construction of a multifamily residential project known as Bay Street Apartments. Interest on the bonds is payable on the 15th day of each month commencing October 15, 2002. The bonds are due October 15, 2042. The former Redevelopment Agency has no legal or moral commitment for the repayment of these bonds.

89 CITY OF EMERYVILLE

NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2020

Note 16: Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued)

The former Redevelopment Agency assisted in the issuance of $21,000,000 in Multifamily Housing Refunding Revenue Bonds, Series 2005A for the purpose of providing funds to make a loan to Bay Street Partners to provide additional financing for the construction of a multifamily residential project know as Bay Street Apartments. This was done in December 2005 and these bonds provided additional financing to the previously issued Multifamily Housing Refunding Revenue Bonds, Series 2002A. Due to cost overruns in connection with the project, the Borrower requested that the former Redevelopment Agency sell the additional bonds. The former Redevelopment Agency has no legal or moral commitment for the repayment of these bonds.

j. Insurance

The Successor Agency is covered under the City of Emeryville’s insurance policies. Therefore, the limitation and self-insured retentions applicable to the City also apply to the Successor Agency. Additional information as to coverage and self-insured retentions can be found in Note 12.

k. Commitments and Contingencies

At June 30, 2020, the Successor Agency was involved in litigation against the former owners of the Corporation Yard site. The litigation addresses environmental cost recovery action for contamination cleanup costs.

90 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative)

Budgetary Fund Balance, July 1 $ 49,805,520 $ 49,805,520 $ 49,805,520 $ - Resources (Inflows) Taxes 37,183,600 33,433,600 35,274,791 1,841,191 Licenses and permits 3,278,800 3,785,310 3,894,645 109,335 Intergovernmental 1,511,000 1,577,900 1,864,827 286,927 Charges for services 1,811,000 681,700 771,445 89,745 Investment income 50,000 50,000 1,845,444 1,795,444 Rent 551,200 407,200 410,893 3,693 Contributions 281,500 281,500 357,468 75,968 Miscellaneous 424,500 570,100 727,045 156,945 Transfers in 451,500 61,500 61,500 - Amounts Available for Appropriations 95,348,620 90,654,330 95,013,578 4,359,248

Charges to Appropriation (Outflow) City council 203,600 202,900 186,613 16,287 City manager 1,064,600 1,082,300 1,037,140 45,160 City attorney 619,600 642,500 546,763 95,737 Finance 1,223,100 1,303,080 1,204,350 98,730 Human resources 783,700 807,200 664,688 142,512 Information technology 771,100 782,100 748,638 33,462 General government-non-departmental operations 3,000,200 3,399,392 2,708,668 690,724 Police 14,023,800 14,072,300 13,945,317 126,983 Fire 8,989,500 8,753,900 8,684,847 69,053 Planning and building 3,154,200 3,143,600 2,668,198 475,402 Economic development and housing 1,107,800 1,104,400 776,419 327,981 Community services 670,400 571,100 570,509 591 Youth services 1,997,100 1,666,000 1,533,726 132,274 Adult services 862,500 865,800 817,265 48,535 Public works 4,058,500 3,863,110 3,551,480 311,630 Capital outlay 53,000 - - - Transfers out 2,607,236 2,371,741 2,371,741 - Total Charges to Appropriations 45,189,936 44,631,423 42,016,362 2,615,061

Budgetary Fund Balance, June 30 $ 50,158,684 $ 46,022,907 $ 52,997,216 $ 6,974,309

See Notes to Required Supplementary Information 91 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE OTHER GRANTS FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 2,892,481 $ 2,892,481 $ 2,892,481 $ - Resources (Inflows) Intergovernmental 801,888 801,888 322,710 (479,178) Investment income - - 60,476 60,476 Transfers in - 7,610 7,391 (219.000) Amounts Available for Appropriations 3,694,369 3,701,979 3,283,058 (418,921)

Charges to Appropriation (Outflow) Police 15,000 15,000 46,051 (31,051) Adult services 50,000 50,000 50,000 - Capital outlay 736,888 4,221,653 1,212,552 3,009,101

Total Charges to Appropriations 801,888 4,286,653 1,308,603 2,978,050

Budgetary Fund Balance, June 30 $ 2,892,481 $ (584,674) $ 1,974,455 $ 2,559,129

See Notes to Required Supplementary Information 92 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE HOUSING ASSETS FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 21,962,210 $ 21,962,210 $ 21,962,210 $ - Resources (Inflows) Charges for services - - 43,297 43,297 Investment income - - 263,109 263,109 Miscellaneous 109,644 109,644 547,716 438,072 Amounts Available for Appropriations 22,071,854 22,071,854 22,816,332 744,478

Charges to Appropriation (Outflow) Economic development and housing 35,000 35,000 18,168 16,832 Capital outlay - 151,326 - 151,326 Total Charges to Appropriations 35,000 186,326 18,168 168,158

Budgetary Fund Balance, June 30 $ 22,036,854 $ 21,885,528 $ 22,798,164 $ 912,636

See Notes to Required Supplementary Information 93 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE PROPERTY BASED IMPROVEMENT DISTRICT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 639,863 $ 639,863 $ 639,863 $ - Resources (Inflows) Taxes 3,688,700 4,134,000 4,114,462 (19,538) Investment income - - 26,742 26,742 Transfers in 515,800 560,300 560,300 - Amounts Available for Appropriations 4,844,363 5,334,163 5,341,367 7,204

Charges to Appropriation (Outflow) City council 17,600 17,600 17,600 - Property based improvement district 4,258,000 4,653,100 4,648,962 4,138 Total Charges to Appropriations 4,275,600 4,670,700 4,666,562 4,138

Budgetary Fund Balance, June 30 $ 568,763 $ 663,463 $ 674,805 $ 11,342

See Notes to Required Supplementary Information 94 CITY OF EMERYVILLE

MISCELLANEOUS PLAN SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016 2015

Plan's Proportion of the Net Pension Liability 0.13257% 0.12092% 0.11846% 0.10969% 0.08757% 0.08955%

Plan's Proportionate Share of the Net Pension Liability$ 13,584,578 $ 11,652,402 $ 11,747,763 $ 9,491,366 $ 6,010,619 $ 5,572,106

Plan's Covered Payroll $ 8,614,042 $ 8,333,650 $ 8,122,643 $ 7,489,145 $ 7,484,785 $ 6,989,367

Plan's Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 157.70% 139.82% 144.63% 126.73% 80.30% 79.72%

The Pension Plan's (PERF-C) Fiduciary Net Position as a Percentage of the Total Pension Liability 75.26% 75.26% 73.31% 74.06% 78.40% 79.82%

Notes to Schedule: Benefit Changes: There were no changes to benefit terms. However, the figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes of Assumptions: In 2019, there were no changes. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the accounting dicsount reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of adminstrative expense) to 7.65 percent (without a reduction for pension plan adminstrative expense). In 2014, amount reported were based on the 7.5 percent discount rate.

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only six years are shown.

See Notes to Required Supplementary Information 95 CITY OF EMERYVILLE

SAFETY PLAN SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016 2015

Plan's Proportion of the Net Pension Liability 0.31524% 0.29242% 0.51479% 0.44882% 0.35246% 0.30886%

Plan's Proportionate Share of the Net Pension Liability$ 30,377,824 $ 28,178,105 $ 32,032,873 $ 27,927,528 $ 21,931,706 $ 19,218,805

Plan's Covered Payroll $ 5,522,414 $ 5,396,885 $ 5,077,077 $ 4,641,902 $ 4,249,620 $ 4,200,740

Plan's Proportionate Share of the Net Pension Liability as Percentage of Covered Payroll 550.08% 522.12% 630.93% 601.64% 516.09% 457.51%

The Pension Plan's (PERF-C) Fiduciary Net Position as a Percentage of the Total Pension Liability 75.26% 75.26% 73.31% 74.06% 78.40% 79.82%

Notes to Schedule: Benefit Changes: There were no changes to benefit terms. However, the figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes). Changes of Assumptions: In 2019, there were no changes. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study andReviewofActuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the accounting dicsount reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of adminstrative expense) to 7.65 percent (without a reduction for pension plan adminstrative expense). In 2014, amount reported were based on the 7.5 percent discount rate.

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only six years are shown.

See Notes to Required Supplementary Information 96 CITY OF EMERYVILLE

EMERYVILLE POLICE OFFICERS' ASSOCIATION RETIREMENT ENHANCEMENT PLAN SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016

TOTAL PENSION LIABILITY Service Cost $ 52,616 $ 70,230 $ 68,184 $ 67,969 $ 65,989 Interest on Total Pension Liability 121,264 111,940 126,160 113,800 102,162 Effect of Plan Changes 102,056 - - - - Effect of Economic/Demographics Gains or Losses - - (387,260) - - Effect of Assumptions Changes or Inputs (203,340) 133,479 - - - Benefit Payments (45,817) (17,754) (6,962) (3,919) (3,842) Net Change in Total Pension Liability 26,779 297,895 (199,878) 177,850 164,309 Total Pension Liability - Beginning 1,835,539 1,537,644 1,737,522 1,559,672 1,395,363 Total Pension Liability - Ending (a) $ 1,862,318 $ 1,835,539 $ 1,537,644 $ 1,737,522 $ 1,559,672

PLAN FIDUCIARY NET POSITION Benefit Payments $ (45,817) $ (17,754) $ (6,962) $ (3,919) $ (3,842) Employer Contributions 133,865 134,840 181,897 102,789 111,064 Net Investment Income 91,722 74,533 101,720 58,983 16,626 Administrative Expenses (6,465) (6,076) (5,350) (4,246) (3,662) Net Change in Fiduciary Net Position 173,305 185,543 271,305 153,607 120,186 Plan Fiduciary Net Position - Beginning 1,378,948 1,193,405 922,100 768,493 648,307 Plan Fiduciary Net Position - Ending (b) $ 1,552,253 $ 1,378,948 $ 1,193,405 $ 922,100 $ 768,493

Plan Net Pension Liability/ - Ending (a) - (b) $ 310,065 $ 456,591 $ 344,239 $ 815,422 $ 791,179

Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 83.35% 75.12% 77.61% 53.07% 49.27% Covered Payroll $ 3,154,458 $ 3,786,204 $ 3,675,926 $ 3,568,860 $ 3,535,303

Plan Net Pension Liability as a Percentage of Covered Payroll 9.83% 12.06% 9.36% 22.85% 22.38%

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2016 was the first year of implementation, additional years will be added as they become available in the future. (2) Net of administrative expenses.

Notes to Schedule: Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2016. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

Changes of Assumptions: In 2019, the accounting discount rate reduced from 7.00 percent to 6.50 percent. There were no changes in assumptions in previous years.

See Notes to Required Supplementary Information 97 CITY OF EMERYVILLE

MISCELLANEOUS PLAN SCHEDULE OF PLAN CONTRIBUTIONS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016 2015

Actuarially Determined Contribution $ 1,369,757 $ 1,124,374 $ 730,186 $ 715,234 $ 621,417 $ 597,401 Contribution in Relation to the Actuarially Determined Contribution (1,369,757) (1,124,374) (730,186) (715,234) (687,044) (597,401) Contribution Deficiency (Excess) $ - $ - $ - $ - $ (65,627) $ -

Actual Contributions as a Percentage of Actuarial Determined Contributions 100.00% 100.00% 100.00% 100.00% 110.56% 100.00%

Covered Payroll $ 8,882,221 $ 8,614,042 $ 8,333,650 $ 8,122,643 $ 7,489,145 $ 7,484,785 Contributions as a Percentage of Covered Payroll 15.42% 13.05% 8.76% 8.81% 9.17% 7.98%

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only six years are shown.

Note to Schedule: Valuation Date: June 30, 2017 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry age normal Amortization method/period Level percent payroll/closed Source (Gain)/Loss Assumption/ Golden Driver Investment Non-investment Method Change Benefit Change Handshake Amortization Period 30 years 30 Years 20 Years 20 Years 5 Years Escalation Rate - Active Plans 2.875% 2.875% 2.875% 2.875% 2.875% - Inactive Plans 0% 0% 0% 0% 0% Ramp Up 5 5 5 0 0 Ramp Down 5 5 5 0 0 Asset valuation method Market value Inflation 2.63% Payroll growth 2.88% Investment rate of return 7.00% (net of pension plan investment and administrative expenses, includes inflation) Retirement age All other actuarial assumptions used in the June 30, 2017 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.

Mortality The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.

See Notes to Required Supplementary Information 98 CITY OF EMERYVILLE

SAFETY PLAN SCHEDULE OF PLAN CONTRIBUTIONS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016 2015

Actuarially Determined Contribution $ 3,030,829 $ 2,658,885 $ 2,307,196 $ 1,523,991 $ 821,621 $ 847,794 Contribution in Relation to the Actuarially Determined Contribution (3,030,829) (2,658,885) (6,307,196) (2,260,671) (1,823,955) (1,347,875) Contribution Deficiency (Excess) $ - $ - $ (4,000,000) $ (736,680) $ (1,002,334) $ (500,081)

Actual Contributions as a Percentage of Actuarial Determined Contributions 100.00% 100.00% 273.37% 148.34% 221.99% 158.99%

Covered Payroll $ 5,390,900 $ 5,522,414 $ 5,396,885 $ 5,077,077 $ 4,641,902 $ 4,249,620

Contributions as a Percentage of Covered Payroll 56.22% 48.15% 116.87% 44.53% 39.29% 31.72%

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only six years are shown.

Note to Schedule: Valuation Date: June 30, 2017 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry age normal Amortization method/period Level percent payroll/closed Source (Gain)/Loss Assumption/ Golden Driver Investment Non-investment Method Change Benefit Change Handshake Amortization Period 30 years 30 Years 20 Years 20 Years 5 Years Escalation Rate - Active Plans 2.875% 2.875% 2.875% 2.875% 2.875% - Inactive Plans 0% 0% 0% 0% 0% Ramp Up 5 5 5 0 0 Ramp Down 5 5 5 0 0 Asset valuation method Market value Inflation 2.63% Payroll growth 2.88% Investment rate of return 7.00% (net of pension plan investment and administrative expenses, includes inflation) Retirement age All other actuarial assumptions used in the June 30, 2017 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.

Mortality The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.

See Notes to Required Supplementary Information 99 CITY OF EMERYVILLE

EMERYVILLE POLICE OFFICERS' ASSOCIATION RETIREMENT ENHANCEMENT PLAN SCHEDULE OF PLAN CONTRIBUTIONS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 2017 2016

Actuarially Determined Contribution $ 129,347 $ 133,865 $ 134,840 $ 152,747 $ 158,946 Contribution in Relation to the Actuarially Determined Contribution (147,759) (151,057) (151,248) (204,481) (176,393) Contribution Deficiency (Excess) $ (18,412) $ (17,192) $ (16,408) $ (51,734) $ (17,447)

Actual Contributions as a Percentage of Actuarial Determined Contributions 114.23% 112.84% 112.17% 133.87% 110.98%

Covered Payroll $ 3,241,206 $ 3,154,458 $ 3,786,204 $ 3,675,926 $ 3,568,860

Contributions as a Percentage of Covered Payroll 4.56% 4.79% 3.99% 5.56% 4.94%

(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2016 was the first year of implementation, additional years will be added as they become available in the future.

Note to Schedule: Valuation Date: June 30, 2018 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry age normal Amortization method Level dollar, closed Remaining amortization period 15 years Assets valuation method None Inflation 2.50% Salary increases Varies by entry age and service Investment rate of return 6.50% Payroll growth 2.75% Cost of living adjustments 2.00% Mortality Pre-Retirement: CalPERS Public Agency Police Mortality rates (both Industrial and Non-Industrial as applicable). Post-Retirement: CalPERS 1997-2011 Health Retiree Mortality Tables (sex-distinct) with an assumed base year of 2008 and full generational projects using Scale AA.

Withdrawal CalPERS Public Agency Police Terminated Refund plus Terminated Vested rates.

Disability CalPERS Public Agency Police Disability rates. Retirement age CalPERS Public Agency Police 3% at Age 50 Retirement rates. Maximum benefits and salary Salary limits under 401(a)(17) apply. Limit is assumed to increase 2.75% a year.

Beneficiaries 80% of participants are assumed to have an eligible spouse or domestic partner, with males three years older than their female partners.

See Notes to Required Supplementary Information 100 CITY OF EMERYVILLE

SCHEDULE OF CHANGES IN THE NET OPEB LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 Total OPEB Liability Service cost $ 495,745 $ 130,287 $ 126,800 Interest on the total OPEB liability 338,652 356,143 348,921 Actual and expected experience difference - (78,733) - Changes in assumptions 369,238 1,391,116 - Benefit payments (449,192) (342,960) (467,946) Net change in total OPEB liability 754,443 1,455,853 7,775 Total OPEB liability - beginning 8,345,958 6,890,105 6,882,330 Total OPEB liability - ending (a) 9,100,401 8,345,958 6,890,105

Plan Fiduciary Net Position Contribution - employer 381,084 266,889 368,550 Net investment income 70,036 73,206 78,423 Benefit payments (449,192) (342,960) (467,946) Administrative expense (32,209) (32,172) (18,535) Net change in plan fiduciary net position (30,281) (35,037) (39,508) Plan fiduciary net position - beginning 2,414,261 2,449,298 2,488,806 Plan fiduciary net position - ending (b) 2,383,980 2,414,261 2,449,298

Net OPEB Liability/(Assets) - ending (a) - (b) $ 6,716,421 $ 5,931,697 $ 4,440,807

Plan fiduciary net position as a percentage of the total OPEB liability 26.20% 28.93% 35.55%

Covered-employee payroll $ 15,549,049 $ 14,414,822 $ 15,318,041

Net OPEB liability as a percentage of covered-employee payroll 43.20% 41.15% 28.99%

(1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

Notes to Schedule:

Changes in assumptions: In 2019 the discount rate was reduced from 3.93% to 3.61%. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate.

See Notes to Required Supplementary Information 101 CITY OF EMERYVILLE

SCHEDULE OF OPEB PLAN CONTRIBUTIONS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)

2020 2019 2018 Actuarially Determined Contribution $ 365,205 $ 381,084 $ 368,550 Contribution in Relation to the Actuarially Determined Contributions (365,205) (274,317) (227,281) Contribution Deficiency (Excess) $ - $ 106,767 $ 141,269

Covered-employee payroll $ 15,549,049 $ 14,414,822 $ 15,318,041

Contributions as a percentage of covered-employee payroll 2.35% 2.64% 2.41%

(1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

Notes to Schedule:

*Actuarial methods and assumptions used to set the actuarially determined contribution for Fiscal Year 2020 were from the June 30, 2018 actuarial valuation.

Methods and assumptions used to determine contributions:

Actuarial Cost Method Entry Age Normal Amortization Valuation Method/Period Level percent of payroll over a closed rolling 15-year period Asset Valuation Method Market value Inflation 2.75% Payroll Growth 3.00% per annum, in aggregate Investment Rate of Return 4.25% per annum Healthcare cost-trend rates 4% per annum Retirement Age Based on CalPERS retirement rates Mortality Pre-retirement mortality probability based on 2017 CalPERS 1997 to 2015 Experience Study covering CalPERS participants. Post-retirement mortality probability based on CalPERS Experience Study 2007 to 2011 covering participants in CalPERS

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104 &,7<2)(0(5<9,//(  1210$-25*29(510(17$/)81'6  6SHFLDO5HYHQXH)XQGV  7KHHousing Community Development Fund DFFRXQWVIRU)HGHUDO&RPPXQLW\'HYHORSPHQW%ORFN*UDQW &'%* IXQGVDQG&'%*3URJUDP,QFRPHIXQGVXWLOL]HGIRU&'%*HOLJLEOHSURMHFWV  7KH Cal - Home Loan Program Fund DFFRXQWV IRU IXQGV UHFHLYHG DQG ORDQV PDGH XQGHU WKH 6WDWH RI &DOLIRUQLD¶V&DO+RPH/RDQSURJUDP  7KHPolice Impound Fund DFFRXQWVIRUDVVHWIRUIHLWXUHIXQGVDOORFDWHGWRWKH3ROLFH'HSDUWPHQWXQGHUVWDWH ODZ  7KH Catellus Contingent Fund DFFRXQWV IRU D GHSRVLW SD\PHQW WKDW ZDV UHTXLUHG RI WKH &DWHOOXV 'HYHORSPHQW &RUSRUDWLRQ DV D GHYHORSPHQW FRQGLWLRQ RI DSSURYDO DQG LV WR EH XWLOL]HG IRU LQVWDOODWLRQRIDIXWXUHSHGHVWULDQDFWXDWHGVLJQDOLIUHTXLUHG  7KHSpecial Gas Tax Street Improvement Fund DFFRXQWVIRUJDVWD[UHYHQXHVDSSRUWLRQHGE\WKHVWDWH XQGHUVSHFLILFVWDWXWRU\DXWKRULW\7KHDOORFDWLRQIRUPXODLVDFRPELQDWLRQRISRSXODWLRQDQGVWUHHWPLOHDJH 7KHXVHRIJDVWD[UHYHQXHVLVUHVWULFWHGWRVSHFLILFVWUHHWPDLQWHQDQFHDFWLYLWLHV  7KH General Plan Maintenance Fund DFFRXQWV IRU IHHV FROOHFWHG WR FRYHU FRVWV RI XSGDWLQJ WKH &LW\¶V 3ODQDQG=RQLQJ2UGLQDQFHRYHUWKHQH[W\HDUV  7KH Child Development Fund DFFRXQWV IRU DOO UHYHQXH XWLOL]HG WR VXSSRUW WKH RSHUDWLRQV RI WKH (PHU\YLOOH &KLOG 'HYHORSPHQW &HQWHU LQFOXGLQJ JUDQW IXQGV IURP WKH 6WDWH 'HSDUWPHQW RI (GXFDWLRQ SURJUDPIHHVDQGD*HQHUDO)XQGVXEVLG\  7KH Measure B Fund DFFRXQWV IRU UHYHQXHV JHQHUDWHG E\ D VSHFLDO RQHKDOI FHQW VDOHV WD[ WKDW ZDV DSSURYHGE\WKHYRWHUVRI$ODPHGD&RXQW\LQDQGUHDXWKRUL]HGLQ7KHVHIXQGVDUHUHVWULFWHG IRUORFDOWUDQVSRUWDWLRQDQGVSHFLDOWUDQVSRUWDWLRQ SDUDWUDQVLW SXUSRVHV  7KHMeasure BB Fund DFFRXQWVIRUUHYHQXHVJHQHUDWHGE\DVSHFLDORQHKDOIFHQWVDOHVWD[WKDWZDV DSSURYHGLQ7KHVHIXQGVDUHUHVWULFWHGIRUORFDOWUDQVSRUWDWLRQDQGVSHFLDOWUDQVSRUWDWLRQ SDUDWUDQVLW  SXUSRVHVDQGDUHGLVWULEXWHGPRQWKO\E\WKH$ODPHGD&RXQW\7UDQVSRUWDWLRQ&RPPLVVLRQ  7KHTransportation Impact Fee Fund DFFRXQWVIRUWUDQVSRUWDWLRQLPSDFWIHHVSDLGE\QHZGHYHORSPHQWDV UHTXLUHGE\WKH&LW\¶V7UDQVSRUWDWLRQ,PSDFW)HH2UGLQDQFH  7KHPark / Rec Impact Fee Fund DFFRXQWVIRUSDUNVDQGUHFUHDWLRQLPSDFWIHHVSDLGE\QHZGHYHORSPHQW DVUHTXLUHGE\WKH&LW\¶V3DUN5HF,PSDFW)HH2UGLQDQFH  7KHAffordable Housing Impact Fee FundDFFRXQWVIRUUHQWDOUHVLGHQWLDOGHYHORSPHQWVDQGQRQUHVLGHQWLDO GHYHORSPHQWVWRPLWLJDWHWKHLPSDFWRIVXFKGHYHORSPHQWVRQWKHQHHGIRUDIIRUGDEOHKRXVLQJLQWKH&LW\  7KHSupplemental Law Enforcement Fund DFFRXQWVIRUVWDWHHQWLWOHPHQWVZKLFKPXVWEHVSHQWIRUIURQW OLQHPXQLFLSDOSROLFHVHUYLFHVLQFOXGLQJDQWLJDQJDQGFRPPXQLW\FULPHSUHYHQWLRQSURJUDPV  7KH Emergency Medical Services (EMS) Fund DFFRXQWV IRU WKH 6XSSOHPHQWDO $VVHVVPHQW SDLG E\ (PHU\YLOOHUHVLGHQWVIRUHPHUJHQF\PHGLFDOVHUYLFHVSURYLGHGE\WKH(PHU\YLOOH)LUH'HSDUWPHQW 

105 &,7<2)(0(5<9,//(  1210$-25*29(510(17$/)81'6 &217,18('   6SHFLDO5HYHQXH)XQGV &RQWLQXHG   7KHRecycling / Source Reduction Fund DFFRXQWVIRUUHYHQXHJHQHUDWHGWKURXJKDVXUFKDUJHRQJDUEDJH UDWHVZKLFKLVXWLOL]HGIRUZDVWHUHGXFWLRQUHF\FOLQJDQGFOHDQXSSURJUDPV  7KHMeasure D Fund DFFRXQWVIRUWKH&LW\RI(PHU\YLOOH¶VDOORFDWLRQRIIXQGVJHQHUDWHGE\WKHODQGILOO VXUFKDUJHXQGHUWKH$ODPHGD&RXQW\5HF\FOLQJ,QLWLDWLYH 0HDVXUH' 0HDVXUH'IXQGVDUHUHVWULFWHGWR VSHFLILFUHF\FOLQJDQGZDVWHUHGXFWLRQDFWLYLWLHV  7KHEmeryville Public Art Fund DFFRXQWVIRUIXQGVUHFHLYHGIURPQHZGHYHORSPHQWDVUHTXLUHGXQGHUWKH &LW\¶V3HUFHQWIRU$UW2UGLQDQFH  7KHInformation Technology Fund DFFRXQWVIRUIXQGVVHWDVLGHWRVXSSRUWWKH&LW\¶VWHFKQRORJ\XSJUDGH SURJUDP7KLVIXQGZDVLQLWLDWHGLQ  7KH PEG Program Fund DFFRXQWVIRUIUDQFKLVHIHHVFROOHFWHGIRU3XEOLF(GXFDWLRQDODQG*RYHUQPHQWDO DFFHVVYLGHRSURJUDPPLQJ  7KHUrban Forestry Fee FundDFFRXQWVIRUIHHVDQGSHQDOWLHVFROOHFWHGXQGHUWKH&LW\¶V8UEDQ)RUHVWU\ 2UGLQDQFHJRYHUQLQJWKHUHPRYDODQGUHSODFHPHQWRIVWUHHWWUHHV  7KHAffordable Housing FundDFFRXQWVIRUUHVLGXDOSURSHUW\WD[UHYHQXHFRPPLWWHGWRDIIRUGDEOHKRXVLQJ SURMHFWVDQGSURJUDPV  7KHEnvironmental Program FundDFFRXQWVIRUIXQGVFRPPLWWHGWRHQYLURQPHQWDOO\IULHQGO\SURMHFWV  7KHSmall Local Business Support FundDFFRXQWVIRUIXQGVFROOHFWHGIURPGHYHORSHUVWRVXSSRUWVPDOO ORFDOVHUYLQJEXVLQHVVHV  7KHRoad & Rehabilitation FundUHSRUWVWKHDOORFDWLRQRI6WDWHWD[HVHQDFWHGE\WKH5RDG5HSDLUDQG $FFRXQWDELOLW\$FWRI  7KHMeasure B VRF FundDFFRXQWVIRUDSURUDWDVKDUHRIWKHDQQXDOSHUYHKLFOH9HKLFOH5HJLVWUDWLRQ )HH 95)  DSSURYHG E\ YRWHUV LQ $ODPHGD &RXQW\ LQ  7KHVH IXQGV DUH UHVWULFWHG IRU ORFDO URDG LPSURYHPHQWVDQGUHSDLUV  7KHCode Enforcement Reserve FundKDVEHHQHVWDEOLVKHGWRSURYLGHIRUPLWLJDWLRQRISURSHUW\UHODWHG FRGHHQIRUFHPHQWDFWLYLWLHV)XWXUHUHFRYHU\IURPSURSHUW\RZQHURUSURSHUW\OHY\ZLOOEHXVHGIRUPLWLJDWLRQ DFWLYLWLHV  &DSLWDO3URMHFW)XQGV  7KH1999 Revenue Bond Fund DFFRXQWVIRUERQGSURFHHGVIURPWKHERQGVWKDWZHUHLVVXHGIURPWKH :HVW(PHU\YLOOH%D\6WUHHW6KHOOPRXQG6WUHHWH[SDQVLRQDQG(DVW%D\%ULGJH'LVWULFWV  7KHMarina Improvement Fund DFFRXQWVIRUWKHFDSLWDOLPSURYHPHQWVRIWKH(PHU\YLOOH3XEOLF0DULQD7KH 0DULQD )XQG ZDV DQ HQWHUSULVH IXQG XQWLO 'HFHPEHU  ZKHQ WKH IDFLOLW\ ZDV OHDVHG WR D SULYDWH FRPSDQ\  7KHEmeryville Center of Community Life FundLVIXQGHGE\D0FDVKWUDQVIHURIERQGSURFHHGVIURP WKHIRUPHUUHGHYHORSPHQWDJHQF\DQGDFFRXQWVIRUFDSLWDOH[SHQGLWXUHVUHODWHGWRWKHGHYHORSPHQWRIWKH (PHU\YLOOH&HQWHURI&RPPXQLW\/LIH  7KH Implementation Plan 2010-14 Fund DFFRXQWV IRU FDSLWDO SURMHFW FRPPLWPHQWV ORFDWHG ZLWKLQ WKH 6KHOOPRQG3DUN5HGHYHORSPHQW3URMHFW$UHDDQGLVIXQGHGE\0LQERQGSURFHHGVWUDQVIHUUHGWRWKH &LW\E\WKH6XFFHVVRU$JHQF\LQILVFDO\HDU

106 &,7<2)(0(5<9,//(  1210$-25*29(510(17$/)81'6 &217,18('   &DSLWDO3URMHFW)XQGV &RQWLQXHG   7KHPedestrian Path Improvement Fund DFFRXQWVIRUIXQGVFRPPLWWHGIRUVWUHHWELF\FOHDQGSHGHVWULDQ LPSURYHPHQWV  7KHMajor Maintenance Fund DFFRXQWVIRUIXQGVVHWDVLGHWRFRPSOHWHPDMRUPDLQWHQDQFHSURMHFWVDW&LW\ RZQHG IDFLOLWLHV 7KH IXQG ZDV LQLWLDWHG GXULQJ WKH  ILVFDO \HDU ZLWK RQHWLPH UHYHQXHV DQG FXUUHQWO\UHFHLYHVDQQXDOSD\PHQWVIURPHDFK&LW\GHSDUWPHQWWKDWRSHUDWHVD&LW\IDFLOLW\  7KHVehicle Replacement Fund DFFRXQWVIRUUHVRXUFHVVHWDVLGHIRUYHKLFOHUHSODFHPHQW  7KH RDA Bond Fund DFFRXQWV IRU FDSLWDO IXQGV RI WKH IRUPHU UHGHYHORSPHQW DJHQF\ WKDW KDYH EHHQ DSSURYHGIRUWUDQVIHUWRWKH&LW\  7KH Developer Contributions Fund DFFRXQWV IRU SURMHFWV WR EH IXQGHG E\ WKLUG SDUWLHV DV FRQGLWLRQV RI GHYHORSPHQWDJUHHPHQWV6RPHSURMHFWVZLOOEHGHOLYHUHGDVLPSURYHPHQWVLQOLHXRIFDVK  'HEW6HUYLFH)XQGV  7KH1998 Lease Revenue Series A Bond FundUHFHLYHVWUDQVIHUIURPWKH*HQHUDO)XQGDQG DFFRXQWVIRU SD\PHQWVRISULQFLSDODQGLQWHUHVWRQWKH/HDVH5HYHQXH6HULHV$%RQGV

107 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Special Revenue Funds

Housing Community Cal - Home Catellus Development Loan Program Police Impound Contingent Assets Cash and investments $ 190,703 $ 797,783 $ 90,783 $ 18,868 Receivables: Accounts - - 475 - Taxes - - - - Due from other governments - - - - Accrued interest 286 1,187 135 40 Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 190,989 $ 798,970 $ 91,393 $ 18,908

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ - $ - $ - $ 5,946 Accrued liabilities - - - 694 Unearned revenues - - - - Deposits payable - - - - Total Liabilities - - - 6,640 Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects 190,989 798,970 - - Public safety - - 91,393 - Public works - - - - Capital projects - - - 12,268 Debt service - - - - Small business incentive - - - - Community services - - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 190,989 798,970 91,393 12,268 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 190,989 $ 798,970 $ 91,393 $ 18,908

108 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Special Gas Tax Street General Plan Child Improvement Maintenance Development Measure B Assets Cash and investments $ 180,983 $ 3,282,515 $ 196,544 $ 802,745 Receivables: Accounts - 19 671 20 Taxes - - - 64,628 Due from other governments - - 6,276 - Accrued interest 249 4,789 430 625 Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 181,232 $ 3,287,323 $ 203,921 $ 868,018

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 92,523 $ 2,052 $ 26,752 $ 5,197 Accrued liabilities - - - - Unearned revenues - - - - Deposits payable - - - - Total Liabilities 92,523 2,052 26,752 5,197 Deferred Inflows of Resources Unavailable revenues - - 6,276 - Total Deferred Inflows of Resources - - 6,276 - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - 3,285,271 - - Public safety - - - - Public works 88,709 - - 777,746 Capital projects - - - - Debt service - - - - Small business incentive - - - - Community services - - - 85,075 Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - 170,893 - Total Fund Balances 88,709 3,285,271 170,893 862,821 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 181,232 $ 3,287,323 $ 203,921 $ 868,018

109 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Special Revenue Funds

Affordable Transportation Park / Rec Housing Impact Measure BB Impact Fee Impact Fee Fee Assets Cash and investments $ 601,097 $ 3,034,642 $ 985,322 $ 710,790 Receivables: Accounts - - - - Taxes 60,294 - - - Due from other governments - - - - Accrued interest 567 4,338 637 1,091 Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 661,958 $ 3,038,980 $ 985,959 $ 711,881

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 22,697 $ 14,475 $ 830 $ - Accrued liabilities - - - - Unearned revenues - - - - Deposits payable - - - - Total Liabilities 22,697 14,475 830 - Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - 985,129 711,881 Public safety - - - - Public works - - - - Capital projects 616,270 3,024,505 - - Debt service - - - - Small business incentive - - - - Community services 22,991 - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 639,261 3,024,505 985,129 711,881 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 661,958 $ 3,038,980 $ 985,959 $ 711,881

110 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Supplemental Emergency Recycling / Law Medical Source Enforcement Services Reduction Measure D Assets Cash and investments $ 72,839 $ - $ 26,077 $ 63,931 Receivables: Accounts - - - 8,419 Taxes - 1,392 - - Due from other governments - - - - Accrued interest 146 - 34 95 Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 72,985 $ 1,392 $ 26,111 $ 72,445

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ - $ - $ - $ - Accrued liabilities - - - - Unearned revenues - - 15,023 - Deposits payable - - - - Total Liabilities - - 15,023 - Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - - - Public safety 72,985 1,392 - - Public works - - 11,088 72,445 Capital projects - - - - Debt service - - - - Small business incentive - - - - Community services - - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 72,985 1,392 11,088 72,445 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 72,985 $ 1,392 $ 26,111 $ 72,445

111 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Special Revenue Funds

Emeryville Information Urban Forestry Public Art Technology PEG Program Fee Assets Cash and investments $ 1,044,466 $ 3,079,750 $ 8,727 $ 112,444 Receivables: Accounts - 3 306 - Taxes - - - - Due from other governments - - - - Accrued interest 2,024 1,169 13 352 Prepaid costs - 20,434 - - Restricted assets: Cash and investments 438,201 - - 137,386 Total Assets $ 1,484,691 $ 3,101,356 $ 9,046 $ 250,182

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 500 $ 144,875 $ - $ 9,104 Accrued liabilities - - - - Unearned revenues - - - - Deposits payable 438,201 - - 137,386 Total Liabilities 438,701 144,875 - 146,490 Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - 20,434 - - Restricted for: Community development projects 1,045,990 774,987 - - Public safety - - - - Public works - - - 103,692 Capital projects - - - - Debt service - - - - Small business incentive - - - - Community services - - 9,046 - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - 2,161,060 - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 1,045,990 2,956,481 9,046 103,692 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 1,484,691 $ 3,101,356 $ 9,046 $ 250,182

112 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Road Affordable Environmental Small Local Maintenance & Housing Program Bus Support Rehabilitation Assets Cash and investments $ 5,831,623 $ 56,868 $ 3,198 $ 499,386 Receivables: Accounts 137 - - 14,821 Taxes - - - - Due from other governments - - - - Accrued interest 7,748 84 5 722 Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 5,839,508 $ 56,952 $ 3,203 $ 514,929

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 149,972 $ - $ - $ 5,393 Accrued liabilities - - - - Unearned revenues - - - - Deposits payable - - - - Total Liabilities 149,972 - - 5,393 Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - - - Public safety - - - - Public works - - - 509,536 Capital projects - - - - Debt service - - - - Small business incentive - - 3,203 - Community services - - - - Environmental programs - 56,952 - - Committed to: Community development projects 5,689,536 - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 5,689,536 56,952 3,203 509,536 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 5,839,508 $ 56,952 $ 3,203 $ 514,929

113 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Special Revenue Funds Capital Projects Funds

Code Enforcement 1999 Revenue Marina Measure B- VRF Reserve Bond Improvement Assets Cash and investments $ 17,194 $ 314,867 $ 402,202 $ 5,026,664 Receivables: Accounts 8,264 - - 19,082 Taxes - - - - Due from other governments - - - - Accrued interest 59 468 1,361 7,463 Prepaid costs - - - - Restricted assets: Cash and investments - - - 5,461 Total Assets $ 25,517 $ 315,335 $ 403,563 $ 5,058,670

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 2,200 $ - $ 10,515 $ 4,217 Accrued liabilities - - 1,234 - Unearned revenues - - - - Deposits payable - - - 5,461 Total Liabilities 2,200 - 11,749 9,678 Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - - - Public safety - - - - Public works 23,317 315,335 - - Capital projects - - 391,814 - Debt service - - - - Small business incentive - - - - Community services - - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - 5,048,992 Community services - - - - Total Fund Balances 23,317 315,335 391,814 5,048,992 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 25,517 $ 315,335 $ 403,563 $ 5,058,670

114 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020 (CONTINUED)

Capital Projects Funds

Emeryville Center of Implementation Pedestrian Path Major Community Life Plan 2010-14 Improvement Maintenance Assets Cash and investments $ - $ 4,125,296 $ 412,177 $ 4,845,600 Receivables: Accounts - - - - Taxes - - - - Due from other governments - - - - Accrued interest 733 6,138 613 - Prepaid costs - - - - Restricted assets: Cash and investments 492,995 - - - Total Assets $ 493,728 $ 4,131,434 $ 412,790 $ 4,845,600

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ - $ - $ 7,550 $ 295,122 Accrued liabilities - - - - Unearned revenues - - - - Deposits payable - - - - Total Liabilities - - 7,550 295,122 Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - - - Public safety - - - - Public works - - - - Capital projects 493,728 4,131,434 405,240 - Debt service - - - - Small business incentive - - - - Community services - - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - 4,550,478 Vehicle replacement - - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 493,728 4,131,434 405,240 4,550,478 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 493,728 $ 4,131,434 $ 412,790 $ 4,845,600

115 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Debt Service Capital Projects Funds Funds

1998 Lease Vehicle Developer Revenue Series Replacement RDA Bond Contributions A Bond Assets Cash and investments $ 3,444,270 $ 9,510,706 $ 2,967,143 $ 3,051 Receivables: Accounts - - - - Taxes - - - - Due from other governments - - - - Accrued interest - 14,371 4,415 - Prepaid costs - - - - Restricted assets: Cash and investments - - - - Total Assets $ 3,444,270 $ 9,525,077 $ 2,971,558 $ 3,051

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 11,627 $ 643,822 $ 328 $ - Accrued liabilities - - - - Unearned revenues - - - - Deposits payable - - - - Total Liabilities 11,627 643,822 328 - Deferred Inflows of Resources Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances Nonspendable: Prepaid costs - - - - Restricted for: Community development projects - - - - Public safety - - - - Public works - - - - Capital projects - 8,881,255 2,971,230 - Debt service - - - 3,051 Small business incentive - - - - Community services - - - - Environmental programs - - - - Committed to: Community development projects - - - - Facility maintenance - - - - Vehicle replacement 3,432,643 - - - Information technology - - - - Assigned to: Capital projects - - - - Community services - - - - Total Fund Balances 3,432,643 8,881,255 2,971,230 3,051 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 3,444,270 $ 9,525,077 $ 2,971,558 $ 3,051

116 CITY OF EMERYVILLE

COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2020

Total Nonmajor Governmental Funds Assets Cash and investments $ 52,761,254 Receivables: Accounts 52,217 Taxes 126,314 Due from other governments 6,276 Accrued interest 62,387 Prepaid costs 20,434 Restricted assets: Cash and investments 1,074,043 Total Assets $ 54,102,925

Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities Accounts payable $ 1,455,697 Accrued liabilities 1,928 Unearned revenues 15,023 Deposits payable 581,048 Total Liabilities 2,053,696 Deferred Inflows of Resources Unavailable revenues 6,276 Total Deferred Inflows of Resources 6,276 Fund Balances Nonspendable: Prepaid costs 20,434 Restricted for: Community development projects 7,793,217 Public safety 165,770 Public works 1,901,868 Capital projects 20,927,744 Debt service 3,051 Small business incentive 3,203 Community services 117,112 Environmental programs 56,952 Committed to: Community development projects 5,689,536 Facility maintenance 4,550,478 Vehicle replacement 3,432,643 Information technology 2,161,060 Assigned to: Capital projects 5,048,992 Community services 170,893 Total Fund Balances 52,042,953 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 54,102,925

117 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Special Revenue Funds

Housing Community Cal - Home Catellus Development Loan Program Police Impound Contingent Revenues Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental 11,310 - - - Charges for services - - - - Investment income 3,550 30,230 1,783 1,741 Rent - - - - Developer participation - - - - Miscellaneous - 58,109 475 - Total Revenues 14,860 88,339 2,258 1,741

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - 4,000 - Fire - - - - Planning and building - - - - Economic development and housing - - - - Community services 11,309 - - - Child development - - - - Public works - - - - Capital outlay - - 6,244 127,802 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 11,309 - 10,244 127,802 Excess (Deficiency) of Revenues Over (Under) Expenditures 3,551 88,339 (7,986) (126,061)

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances 3,551 88,339 (7,986) (126,061)

Fund Balances, Beginning of Year, as Previously Reported 187,438 710,631 99,379 138,329 Restatements - - - - Fund Balances, Beginning of Year, as Restated 187,438 710,631 99,379 138,329

Fund Balances, End of Year $ 190,989 $ 798,970 $ 91,393 $ 12,268

118 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Special Gas Tax Street General Plan Child Improvement Maintenance Development Measure B Revenues Taxes $ - $ - $ - $ 320,239 Licenses and permits - 1,390,466 - - Intergovernmental 262,019 - 211,657 70,126 Charges for services - - 873,975 1,170 Investment income 3,864 49,316 6,182 5,351 Rent - - - - Developer participation - - - - Miscellaneous - - - - Total Revenues 265,883 1,439,782 1,091,814 396,886

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - 647,930 - - Economic development and housing - - - - Community services - - - 16,333 Child development - - 2,331,071 - Public works 320,332 - - 1,834 Capital outlay - - - 8,708 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 320,332 647,930 2,331,071 26,875 Excess (Deficiency) of Revenues Over (Under) Expenditures (54,449) 791,852 (1,239,257) 370,011

Other Financing Sources (Uses) Transfers in - - 1,082,800 - Transfers out - (10,000) - - Total Other Financing Sources (Uses) - (10,000) 1,082,800 -

Net Change in Fund Balances (54,449) 781,852 (156,457) 370,011

Fund Balances, Beginning of Year, as Previously Reported 143,158 2,503,419 327,350 142,810 Restatements - - - 350,000 Fund Balances, Beginning of Year, as Restated 143,158 2,503,419 327,350 492,810

Fund Balances, End of Year $ 88,709 $ 3,285,271 $ 170,893 $ 862,821

119 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Special Revenue Funds

Affordable Transportation Park / Rec Housing Impact Measure BB Impact Fee Impact Fee Fee Revenues Taxes $ 300,506 $ - $ - $ - Licenses and permits - 1,238,706 393,132 233,712 Intergovernmental 63,403 - - - Charges for services - - - - Investment income 5,571 41,810 4,941 14,604 Rent - - - - Developer participation - - - - Miscellaneous - - - - Total Revenues 369,480 1,280,516 398,073 248,316

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - - 7,588 - Economic development and housing - - - - Community services 32,392 - - - Child development - - - - Public works 16,278 - - - Capital outlay 87,041 299,681 - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 135,711 299,681 7,588 - Excess (Deficiency) of Revenues Over (Under) Expenditures 233,769 980,835 390,485 248,316

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances 233,769 980,835 390,485 248,316

Fund Balances, Beginning of Year, as Previously Reported 241,251 2,043,670 43,136 463,565 Restatements 164,241 - 551,508 - Fund Balances, Beginning of Year, as Restated 405,492 2,043,670 594,644 463,565

Fund Balances, End of Year $ 639,261 $ 3,024,505 $ 985,129 $ 711,881

120 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Supplemental Emergency Recycling / Law Medical Source Enforcement Services Reduction Measure D Revenues Taxes $ - $ 198,640 $ - $ - Licenses and permits - - - - Intergovernmental 155,948 - 8,174 - Charges for services - - - - Investment income 1,250 - 493 1,101 Rent - - - - Developer participation - - - - Miscellaneous - 351 - 38,382 Total Revenues 157,198 198,991 8,667 39,483

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police 150,000 - - - Fire - 199,682 - - Planning and building - - - - Economic development and housing - - - - Community services - - - - Child development - - - - Public works - - 8,174 25,000 Capital outlay - - - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 150,000 199,682 8,174 25,000 Excess (Deficiency) of Revenues Over (Under) Expenditures 7,198 (691) 493 14,483

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances 7,198 (691) 493 14,483

Fund Balances, Beginning of Year, as Previously Reported 65,787 2,083 10,595 57,962 Restatements - - - - Fund Balances, Beginning of Year, as Restated 65,787 2,083 10,595 57,962

Fund Balances, End of Year $ 72,985 $ 1,392 $ 11,088 $ 72,445

121 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Special Revenue Funds

Emeryville Information Urban Forestry Public Art Technology PEG Program Fee Revenues Taxes $ 168,588 $ - $ 1,353 $ - Licenses and permits - - - - Intergovernmental - - - - Charges for services - - - 14,200 Investment income 23,662 12,401 153 5,120 Rent - - - - Developer participation - - - - Miscellaneous 14,834 519,252 - 14,100 Total Revenues 207,084 531,653 1,506 33,420

Expenditures Current: Information technology - 502,465 - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - - - - Economic development and housing 110,742 - - - Community services - - - - Child development - - - - Public works - - - - Capital outlay - 390,921 - 90,310 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 110,742 893,386 - 90,310 Excess (Deficiency) of Revenues Over (Under) Expenditures 96,342 (361,733) 1,506 (56,890)

Other Financing Sources (Uses) Transfers in - 820,600 - - Transfers out - - - - Total Other Financing Sources (Uses) - 820,600 - -

Net Change in Fund Balances 96,342 458,867 1,506 (56,890)

Fund Balances, Beginning of Year, as Previously Reported 949,648 2,497,614 7,540 160,582 Restatements - - - - Fund Balances, Beginning of Year, as Restated 949,648 2,497,614 7,540 160,582

Fund Balances, End of Year $ 1,045,990 $ 2,956,481 $ 9,046 $ 103,692

122 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020 (CONTINUED)

Special Revenue Funds

Road Affordable Environmental Small Local Maintenance & Housing Program Bus Support Rehabilitation Revenues Taxes $ 1,348,701 $ - $ - $ - Licenses and permits - - - - Intergovernmental - 65,670 - 221,229 Charges for services - - - - Investment income 113,790 605 60 7,363 Rent - - - - Developer participation - - - - Miscellaneous 32,832 - - - Total Revenues 1,495,323 66,275 60 228,592

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - - - - Economic development and housing 2,452,408 - - - Community services - - - - Child development - - - - Public works - 32,421 - - Capital outlay - - - 6,709 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 2,452,408 32,421 - 6,709 Excess (Deficiency) of Revenues Over (Under) Expenditures (957,085) 33,854 60 221,883

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances (957,085) 33,854 60 221,883

Fund Balances, Beginning of Year, as Previously Reported 6,646,621 23,098 3,143 287,653 Restatements - - - - Fund Balances, Beginning of Year, as Restated 6,646,621 23,098 3,143 287,653

Fund Balances, End of Year $ 5,689,536 $ 56,952 $ 3,203 $ 509,536

123 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Special Revenue Funds Capital Projects Funds

Code Enforcement 1999 Revenue Marina Measure B- VRF Reserve Bond Improvement Revenues Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental 46,736 - - - Charges for services - - - - Investment income 903 5,972 19,790 93,057 Rent - - - 482,246 Developer participation - - - - Miscellaneous - - - - Total Revenues 47,639 5,972 19,790 575,303

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - - - - Economic development and housing - - - - Community services - - - - Child development - - - - Public works 2,750 - - 186,168 Capital outlay 69,914 - 184,739 28,208 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 72,664 - 184,739 214,376 Excess (Deficiency) of Revenues Over (Under) Expenditures (25,025) 5,972 (164,949) 360,927

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances (25,025) 5,972 (164,949) 360,927

Fund Balances, Beginning of Year, as Previously Reported 48,342 309,363 1,071,004 4,688,065 Restatements - - (514,241) - Fund Balances, Beginning of Year, as Restated 48,342 309,363 556,763 4,688,065

Fund Balances, End of Year $ 23,317 $ 315,335 $ 391,814 $ 5,048,992

124 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020 (CONTINUED)

Capital Projects Funds

Emeryville Center of Implementation Pedestrian Path Major Community Life Plan 2010-14 Improvement Maintenance Revenues Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental - - - - Charges for services - - - - Investment income 9,354 78,253 9,380 - Rent - - - - Developer participation - - - - Miscellaneous - - - 1,213,300 Total Revenues 9,354 78,253 9,380 1,213,300

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - 713,598 Police - - - - Fire - - - - Planning and building - - - - Economic development and housing - - - - Community services - - - - Child development - - - - Public works - - - - Capital outlay 481 - 151,000 840,084 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 481 - 151,000 1,553,682 Excess (Deficiency) of Revenues Over (Under) Expenditures 8,873 78,253 (141,620) (340,382)

Other Financing Sources (Uses) Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - -

Net Change in Fund Balances 8,873 78,253 (141,620) (340,382)

Fund Balances, Beginning of Year, as Previously Reported 484,855 4,053,181 546,860 4,890,860 Restatements - - - - Fund Balances, Beginning of Year, as Restated 484,855 4,053,181 546,860 4,890,860

Fund Balances, End of Year $ 493,728 $ 4,131,434 $ 405,240 $ 4,550,478

125 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Debt Service Capital Projects Funds Funds

1998 Lease Vehicle Developer Revenue Series Replacement RDA Bond Contributions A Bond Revenues Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental - - - - Charges for services - - - - Investment income - 192,530 43,448 - Rent - - - - Developer participation - - 1,442,000 - Miscellaneous 490,300 - - - Total Revenues 490,300 192,530 1,485,448 -

Expenditures Current: Information technology - - - - General government-non-departmental operations - - - - Police - - - - Fire - - - - Planning and building - - - - Economic development and housing - - - - Community services - - - - Child development - - - - Public works - - - - Capital outlay 55,897 1,243,484 18,548 - Debt service: Principal retirement - - - 282,100 Interest and fiscal charges - - - 86,541 Total Expenditures 55,897 1,243,484 18,548 368,641 Excess (Deficiency) of Revenues Over (Under) Expenditures 434,403 (1,050,954) 1,466,900 (368,641)

Other Financing Sources (Uses) Transfers in - - - 368,641 Transfers out (820,600) - - - Total Other Financing Sources (Uses) (820,600) - - 368,641

Net Change in Fund Balances (386,197) (1,050,954) 1,466,900 -

Fund Balances, Beginning of Year, as Previously Reported 3,818,840 9,932,209 1,504,330 3,051 Restatements - - - - Fund Balances, Beginning of Year, as Restated 3,818,840 9,932,209 1,504,330 3,051

Fund Balances, End of Year $ 3,432,643 $ 8,881,255 $ 2,971,230 $ 3,051

126 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Total Nonmajor Governmental Funds Revenues Taxes $ 2,338,027 Licenses and permits 3,256,016 Intergovernmental 1,116,272 Charges for services 889,345 Investment income 787,628 Rent 482,246 Developer participation 1,442,000 Miscellaneous 2,381,935 Total Revenues 12,693,469

Expenditures Current: Information technology 502,465 General government-non-departmental operations 713,598 Police 154,000 Fire 199,682 Planning and building 655,518 Economic development and housing 2,563,150 Community services 60,034 Child development 2,331,071 Public works 592,957 Capital outlay 3,609,771 Debt service: Principal retirement 282,100 Interest and fiscal charges 86,541 Total Expenditures 11,750,887 Excess (Deficiency) of Revenues Over (Under) Expenditures 942,582

Other Financing Sources (Uses) Transfers in 2,272,041 Transfers out (830,600) Total Other Financing Sources (Uses) 1,441,441

Net Change in Fund Balances 2,384,023

Fund Balances, Beginning of Year, as Previously Reported 49,107,422 Restatements 551,508 Fund Balances, Beginning of Year, as Restated 49,658,930

Fund Balances, End of Year $ 52,042,953

127 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE HOUSING COMMUNITY DEVELOPMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 187,438 $ 187,438 $ 187,438 $ - Resources (Inflows) Intergovernmental 6,600 11,300 11,310 10 Investment income - - 3,550 3,550 Miscellaneous 500 500 - (500) Amounts Available for Appropriations 194,538 199,238 202,298 3,060

Charges to Appropriation (Outflow) Community services 6,600 11,300 11,309 (9) Total Charges to Appropriations 6,600 11,300 11,309 (9)

Budgetary Fund Balance, June 30 $ 187,938 $ 187,938 $ 190,989 $ 3,051

128 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE CAL - HOME LOAN PROGRAM FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 710,631 $ 710,631 $ 710,631 $ - Resources (Inflows) Investment income - - 30,230 30,230 Miscellaneous 50,000 50,000 58,109 8,109 Amounts Available for Appropriations 760,631 760,631 798,970 38,339

Budgetary Fund Balance, June 30 $ 760,631 $ 760,631 $ 798,970 $ 38,339

129 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE POLICE IMPOUND FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 99,379 $ 99,379 $ 99,379 $ - Resources (Inflows) Investment income - - 1,783 1,783 Miscellaneous - - 475 475 Amounts Available for Appropriations 99,379 99,379 101,637 2,258

Charges to Appropriation (Outflow) Police 54,300 27,214 4,000 23,214 Capital outlay 15,000 21,300 6,244 15,056 Total Charges to Appropriations 69,300 48,514 10,244 38,270

Budgetary Fund Balance, June 30 $ 30,079 $ 50,865 $ 91,393 $ 40,528

130 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE CATELLUS CONTINGENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 138,329 $ 138,329 $ 138,329 $ - Resources (Inflows) Investment income - - 1,741 1,741 Amounts Available for Appropriations 138,329 138,329 140,070 1,741

Charges to Appropriation (Outflow) Capital outlay - 130,780 127,802 2,978 Total Charges to Appropriations - 130,780 127,802 2,978

Budgetary Fund Balance, June 30 $ 138,329 $ 7,549 $ 12,268 $ 4,719

131 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE SPECIAL GAS TAX STREET IMPROVEMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 143,158 $ 143,158 $ 143,158 $ - Resources (Inflows) Intergovernmental 318,300 258,000 262,019 4,019 Investment income - - 3,864 3,864 Amounts Available for Appropriations 461,458 401,158 409,041 7,883

Charges to Appropriation (Outflow) Public works 295,000 273,000 320,332 (47,332) Capital outlay 75,000 75,000 - 75,000 Total Charges to Appropriations 370,000 348,000 320,332 27,668

Budgetary Fund Balance, June 30 $ 91,458 $ 53,158 $ 88,709 $ 35,551

132 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE GENERAL PLAN MAINTENANCE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 2,503,419 $ 2,503,419 $ 2,503,419 $ - Resources (Inflows) Licenses and permits 750,000 750,000 1,390,466 640,466 Investment income - - 49,316 49,316 Amounts Available for Appropriations 3,253,419 3,253,419 3,943,201 689,782

Charges to Appropriation (Outflow) Planning and building 969,900 969,494 647,930 321,564 Capital outlay - 153,184 - 153,184 Transfers out 10,000 10,000 10,000 - Total Charges to Appropriations 979,900 1,132,678 657,930 474,748

Budgetary Fund Balance, June 30 $ 2,273,519 $ 2,120,741 $ 3,285,271 $ 1,164,530

133 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE CHILD DEVELOPMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 327,350 $ 327,350 $ 327,350 $ - Resources (Inflows) Intergovernmental 179,700 189,104 211,657 22,553 Charges for services 1,284,600 1,041,500 873,975 (167,525) Investment income - - 6,182 6,182 Miscellaneous 300 300 - (300) Transfers in 1,082,800 1,082,800 1,082,800 -

Amounts Available for Appropriations 2,874,750 2,641,054 2,501,964 (139,090)

Charges to Appropriation (Outflow) Child development 2,547,400 2,413,900 2,331,071 82,829 Total Charges to Appropriations 2,547,400 2,413,900 2,331,071 82,829

Budgetary Fund Balance, June 30 $ 327,350 $ 227,154 $ 170,893 $ (56,261)

134 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MEASURE B FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1, as restated $ 492,810 $ 492,810 $ 492,810 $ - Resources (Inflows) Taxes 310,000 263,500 320,239 56,739 Intergovernmental 65,200 55,400 70,126 14,726 Charges for services - - 1,170 1,170 Investment income - - 5,351 5,351 Amounts Available for Appropriations 868,010 811,710 889,696 77,986

Charges to Appropriation (Outflow) Community services 30,600 30,600 16,333 14,267 Public works 11,800 11,800 1,834 9,966 Capital outlay 250,000 471,241 8,708 462,533 Total Charges to Appropriations 292,400 513,641 26,875 486,766

Budgetary Fund Balance, June 30 $ 575,610 $ 298,069 $ 862,821 $ 564,752

135 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MEASURE BB FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1, as restated $ 405,492 $ 405,492 $ 405,492 $ - Resources (Inflows) Taxes 290,000 246,500 300,506 54,006 Intergovernmental 59,600 50,600 63,403 12,803 Investment income - - 5,571 5,571 Amounts Available for Appropriations 755,092 702,592 774,972 72,380

Charges to Appropriation (Outflow) Community services 31,500 31,500 32,392 (892) Public works 15,300 17,800 16,278 1,522 Capital outlay 240,000 336,955 87,041 249,914 Total Charges to Appropriations 286,800 386,255 135,711 250,544

Budgetary Fund Balance, June 30 $ 468,292 $ 316,337 $ 639,261 $ 322,924

136 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE TRANSPORTATION IMPACT FEE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 2,043,670 $ 2,043,670 $ 2,043,670 $ - Resources (Inflows) Licenses and permits 200,000 200,000 1,238,706 1,038,706 Investment income - - 41,810 41,810 Transfers in - - - - Amounts Available for Appropriations 2,243,670 2,243,670 3,324,186 1,080,516

Charges to Appropriation (Outflow) Capital outlay - 3,380,909 299,681 3,081,228 Total Charges to Appropriations - 3,380,909 299,681 3,081,228

Budgetary Fund Balance, June 30 $ 2,243,670 $ (1,137,239) $ 3,024,505 $ 4,161,744

137 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE PARK / REC IMPACT FEE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1, as restated $ 594,644 $ 594,644 $ 594,644 $ - Resources (Inflows) Licenses and permits 250,000 250,000 393,132 143,132 Investment income - - 4,941 4,941 Amounts Available for Appropriations 844,644 844,644 992,717 148,073

Charges to Appropriation (Outflow) Planning and building - - 7,588 (7,588) Capital outlay - 1,183,485 - 1,183,485 Total Charges to Appropriations - 1,183,485 7,588 1,175,897

Budgetary Fund Balance, June 30 $ 844,644 $ (338,841) $ 985,129 $ 1,323,970

138 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE AFFORDABLE HOUSING IMPACT FEE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 463,565 $ 463,565 $ 463,565 $ - Resources (Inflows) Licenses and permits 125,000 125,000 233,712 108,712 Investment income - - 14,604 14,604 Amounts Available for Appropriations 588,565 588,565 711,881 123,316

Budgetary Fund Balance, June 30 $ 588,565 $ 588,565 $ 711,881 $ 123,316

139 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE SUPPLEMENTAL LAW ENFORCEMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 65,787 $ 65,787 $ 65,787 $ - Resources (Inflows) Intergovernmental 100,000 100,000 155,948 55,948 Investment income - - 1,250 1,250 Amounts Available for Appropriations 165,787 165,787 222,985 57,198

Charges to Appropriation (Outflow) Police 100,000 150,000 150,000 - Total Charges to Appropriations 100,000 150,000 150,000 -

Budgetary Fund Balance, June 30 $ 65,787 $ 15,787 $ 72,985 $ 57,198

140 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE EMERGENCY MEDICAL SERVICES FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 2,083 $ 2,083 $ 2,083 $ - Resources (Inflows) Taxes 192,000 192,000 198,640 6,640 Miscellaneous - - 351 351 Amounts Available for Appropriations 194,083 194,083 201,074 6,991

Charges to Appropriation (Outflow) Fire 191,500 191,500 199,682 (8,182) Total Charges to Appropriations 191,500 191,500 199,682 (8,182)

Budgetary Fund Balance, June 30 $ 2,583 $ 2,583 $ 1,392 $ (1,191)

141 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE RECYCLING / SOURCE REDUCTION FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 10,595 $ 10,595 $ 10,595 $ - Resources (Inflows) Intergovernmental 5,000 5,000 8,174 3,174 Investment income - - 493 493 Amounts Available for Appropriations 15,595 15,595 19,262 3,667

Charges to Appropriation (Outflow) Public works 5,000 5,000 8,174 (3,174) Total Charges to Appropriations 5,000 5,000 8,174 (3,174)

Budgetary Fund Balance, June 30 $ 10,595 $ 10,595 $ 11,088 $ 493

142 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MEASURE D FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 57,962 $ 57,962 $ 57,962 $ - Resources (Inflows) Investment income - - 1,101 1,101 Miscellaneous 34,000 34,000 38,382 4,382 Amounts Available for Appropriations 91,962 91,962 97,445 5,483

Charges to Appropriation (Outflow) Public works 25,000 25,000 25,000 - Total Charges to Appropriations 25,000 25,000 25,000 -

Budgetary Fund Balance, June 30 $ 66,962 $ 66,962 $ 72,445 $ 5,483

143 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE EMERYVILLE PUBLIC ART FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 949,648 $ 949,648 $ 949,648 $ - Resources (Inflows) Taxes 132,900 165,200 168,588 3,388 Investment income - - 23,662 23,662 Miscellaneous 15,000 15,000 14,834 (166) Amounts Available for Appropriations 1,097,548 1,129,848 1,156,732 26,884

Charges to Appropriation (Outflow) Economic development and housing 113,500 220,735 110,742 109,993 Capital outlay 155,000 155,000 - 155,000 Total Charges to Appropriations 268,500 375,735 110,742 264,993

Budgetary Fund Balance, June 30 $ 829,048 $ 754,113 $ 1,045,990 $ 291,877

144 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE INFORMATION TECHNOLOGY FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 2,497,614 $ 2,497,614 $ 2,497,614 $ - Resources (Inflows) Investment income - - 12,401 12,401 Miscellaneous 402,000 402,000 519,252 117,252 Transfers in 820,600 820,600 820,600 - Amounts Available for Appropriations 3,720,214 3,720,214 3,849,867 129,653

Charges to Appropriation (Outflow) Information technology 453,500 564,550 502,465 62,085 Capital outlay 150,000 1,320,686 390,921 929,765 Total Charges to Appropriations 603,500 1,885,236 893,386 991,850

Budgetary Fund Balance, June 30 $ 3,116,714 $ 1,834,978 $ 2,956,481 $ 1,121,503

145 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE PEG PROGRAM FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 7,540 $ 7,540 $ 7,540 $ - Resources (Inflows) Taxes 1,000 1,000 1,353 353 Investment income - - 153 153 Amounts Available for Appropriations 8,540 8,540 9,046 506

Budgetary Fund Balance, June 30 $ 8,540 $ 8,540 $ 9,046 $ 506

146 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE URBAN FORESTRY FEE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 160,582 $ 160,582 $ 160,582 $ - Resources (Inflows) Charges for services 1,500 1,500 14,200 12,700 Investment income - - 5,120 5,120 Miscellaneous - - 14,100 14,100 Amounts Available for Appropriations 162,082 162,082 194,002 31,920

Charges to Appropriation (Outflow) Capital outlay 10,000 123,025 90,310 32,715 Total Charges to Appropriations 10,000 123,025 90,310 32,715

Budgetary Fund Balance, June 30 $ 152,082 $ 39,057 $ 103,692 $ 64,635

147 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE AFFORDABLE HOUSING FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 6,646,621 $ 6,646,621 $ 6,646,621 $ - Resources (Inflows) Taxes 1,063,400 1,321,300 1,348,701 27,401 Investment income - - 113,790 113,790 Miscellaneous - - 32,832 32,832 Amounts Available for Appropriations 7,710,021 7,967,921 8,141,944 174,023

Charges to Appropriation (Outflow) Economic development and housing 1,050,900 1,096,119 2,452,408 (1,356,289) Capital outlay 403,300 4,911,670 - 4,911,670 Total Charges to Appropriations 1,454,200 6,007,789 2,452,408 3,555,381

Budgetary Fund Balance, June 30 $ 6,255,821 $ 1,960,132 $ 5,689,536 $ 3,729,404

148 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE ENVIRONMENTAL PROGRAM FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 23,098 $ 23,098 $ 23,098 $ - Resources (Inflows) Intergovernmental 22,000 62,400 65,670 3,270 Investment income - - 605 605 Amounts Available for Appropriations 45,098 85,498 89,373 3,875

Charges to Appropriation (Outflow) Public works 26,000 66,400 32,421 33,979 Total Charges to Appropriations 26,000 66,400 32,421 33,979

Budgetary Fund Balance, June 30 $ 19,098 $ 19,098 $ 56,952 $ 37,854

149 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE ROAD MAINTENANCE & REHABILITATION FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 287,653 $ 287,653 $ 287,653 $ - Resources (Inflows) Intergovernmental 200,000 170,000 221,229 51,229 Investment income - - 7,363 7,363 Amounts Available for Appropriations 487,653 457,653 516,245 58,592

Charges to Appropriation (Outflow) Capital outlay 200,000 465,730 6,709 459,021 Total Charges to Appropriations 200,000 465,730 6,709 459,021

Budgetary Fund Balance, June 30 $ 287,653 $ (8,077) $ 509,536 $ 517,613

150 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MEASURE B- VRF FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 48,342 $ 48,342 $ 48,342 $ - Resources (Inflows) Intergovernmental 49,000 49,000 46,736 (2,264) Investment income - - 903 903 Amounts Available for Appropriations 97,342 97,342 95,981 (1,361)

Charges to Appropriation (Outflow)

Public works 2,800 2,800 2,750 50 Capital outlay - 78,385 69,914 8,471 Total Charges to Appropriations 2,800 81,185 72,664 8,521

Budgetary Fund Balance, June 30 $ 94,542 $ 16,157 $ 23,317 $ 7,160

151 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE GENERAL CAPITAL IMPROVEMENTS FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1, as restated $ 42,747,751 $ 42,747,751 $ 42,747,751 $ - Resources (Inflows) Taxes 3,525,600 7,338,000 7,393,724 55,724 Investment income - - 864,907 864,907 Amounts Available for Appropriations 46,273,351 50,085,751 51,006,382 920,631

Charges to Appropriation (Outflow) General government-non-departmental operations 264,800 264,800 164,738 100,062 Planning and building - - 11,241 (11,241) Public works 772,960 726,060 530,982 195,078 Capital outlay 2,342,259 39,168,271 7,130,108 32,038,163 Transfers out - 7,610 7,391 219 Total Charges to Appropriations 3,380,019 40,166,741 7,844,460 32,322,281

Budgetary Fund Balance, June 30 $ 42,893,332 $ 9,919,010 $ 43,161,922 $ 33,242,912

152 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE 1999 REVENUE BOND FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1, as restated $ 556,763 $ 556,763 $ 556,763 $ - Resources (Inflows) Investment income - - 19,790 19,790 Amounts Available for Appropriations 556,763 556,763 576,553 19,790

Charges to Appropriation (Outflow) Capital outlay - 1,002,079 184,739 817,340 Total Charges to Appropriations - 1,002,079 184,739 817,340

Budgetary Fund Balance, June 30 $ 556,763 $ (445,316) $ 391,814 $ 837,130

153 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MARINA IMPROVEMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 4,688,065 $ 4,688,065 $ 4,688,065 $ - Resources (Inflows) Taxes 28,100 28,100 - (28,100) Investment income - - 93,057 93,057 Rent 550,000 462,100 482,246 20,146 Amounts Available for Appropriations 5,266,165 5,178,265 5,263,368 85,103

Charges to Appropriation (Outflow) Public works 201,400 186,700 186,168 532 Capital outlay - 2,491,899 28,208 2,463,691 Total Charges to Appropriations 201,400 2,678,599 214,376 2,464,223

Budgetary Fund Balance, June 30 $ 5,064,765 $ 2,499,666 $ 5,048,992 $ 2,549,326

154 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE EMERYVILLE CENTER OF COMMUNITY LIFE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 484,855 $ 484,855 $ 484,855 $ - Resources (Inflows) Investment income - - 9,354 9,354 Amounts Available for Appropriations 484,855 484,855 494,209 9,354

Charges to Appropriation (Outflow) Capital outlay 36,000 36,000 481 35,519 Total Charges to Appropriations 36,000 36,000 481 35,519

Budgetary Fund Balance, June 30 $ 448,855 $ 448,855 $ 493,728 $ 44,873

155 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE IMPLEMENTATION PLAN 2010-14 FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 4,053,181 $ 4,053,181 $ 4,053,181 $ - Resources (Inflows) Investment income - - 78,253 78,253 Amounts Available for Appropriations 4,053,181 4,053,181 4,131,434 78,253

Charges to Appropriation (Outflow) Capital outlay - 3,800,000 - 3,800,000 Total Charges to Appropriations - 3,800,000 - 3,800,000

Budgetary Fund Balance, June 30 $ 4,053,181 $ 253,181 $ 4,131,434 $ 3,878,253

156 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE PEDESTRIAN PATH IMPROVEMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 546,860 $ 546,860 $ 546,860 $ - Resources (Inflows) Investment income - - 9,380 9,380 Amounts Available for Appropriations 546,860 546,860 556,240 9,380

Charges to Appropriation (Outflow) Capital outlay 180,000 180,000 151,000 29,000 Total Charges to Appropriations 180,000 180,000 151,000 29,000

Budgetary Fund Balance, June 30 $ 366,860 $ 366,860 $ 405,240 $ 38,380

157 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE MAJOR MAINTENANCE FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 4,890,860 $ 4,890,860 $ 4,890,860 $ - Resources (Inflows) Miscellaneous 1,191,300 1,191,300 1,213,300 22,000 Amounts Available for Appropriations 6,082,160 6,082,160 6,104,160 22,000

Charges to Appropriation (Outflow) General government-non-departmental operations 767,000 917,000 713,598 203,402 Capital outlay 520,516 5,141,968 840,084 4,301,884 Total Charges to Appropriations 1,287,516 6,058,968 1,553,682 4,505,286

Budgetary Fund Balance, June 30 $ 4,794,644 $ 23,192 $ 4,550,478 $ 4,527,286

158 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE VEHICLE REPLACEMENT FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 3,818,840 $ 3,818,840 $ 3,818,840 $ - Resources (Inflows) Miscellaneous 492,800 492,800 490,300 (2,500) Amounts Available for Appropriations 4,311,640 4,311,640 4,309,140 (2,500)

Charges to Appropriation (Outflow) Capital outlay 672,000 782,217 55,897 726,320 Transfers out 820,600 820,600 820,600 - Total Charges to Appropriations 1,492,600 1,602,817 876,497 726,320

Budgetary Fund Balance, June 30 $ 2,819,040 $ 2,708,823 $ 3,432,643 $ 723,820

159 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE RDA BOND FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 9,932,209 $ 9,932,209 $ 9,932,209 $ - Resources (Inflows) Investment income - - 192,530 192,530 Amounts Available for Appropriations 9,932,209 9,932,209 10,124,739 192,530

Charges to Appropriation (Outflow) Capital outlay - 9,650,682 1,243,484 8,407,198 Total Charges to Appropriations - 9,650,682 1,243,484 8,407,198

Budgetary Fund Balance, June 30 $ 9,932,209 $ 281,527 $ 8,881,255 $ 8,599,728

160 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE DEVELOPER CONTRIBUTIONS FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 1,504,330 $ 1,504,330 $ 1,504,330 $ - Resources (Inflows) Investment income - - 43,448 43,448 Developer contributions - - 1,442,000 1,442,000 Amounts Available for Appropriations 1,504,330 1,504,330 2,989,778 1,485,448

Charges to Appropriation (Outflow) Capital outlay - 4,447,825 18,548 4,429,277 Total Charges to Appropriations - 4,447,825 18,548 4,429,277

Budgetary Fund Balance, June 30 $ 1,504,330 $ (2,943,495) $ 2,971,230 $ 5,914,725

161 CITY OF EMERYVILLE

BUDGETARY COMPARISON SCHEDULE 1998 LEASE REVENUE SERIES A BOND FOR THE YEAR ENDED JUNE 30, 2020

Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 3,051 $ 3,051 $ 3,051 $ - Resources (Inflows) Transfers in 368,600 368,600 368,641 41 Amounts Available for Appropriations 371,651 371,651 371,692 41

Charges to Appropriation (Outflow) Debt service: Principal retirement 282,100 282,100 282,100 - Interest and fiscal charges 86,600 86,600 86,541 59 Total Charges to Appropriations 368,700 368,700 368,641 59

Budgetary Fund Balance, June 30 $ 2,951 $ 2,951 $ 3,051 $ 100

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 163 CITY OF EMERYVILLE

COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2020

Workers' Compensation Dental Self- Litigation MESA Self-Insurance Insurance Assets Current: Cash and investments $ 2,337,130 $ - $ 5,679,351 $ 40,007 Receivables: Accounts - - - - Accrued interest 3,469 - 8,186 17 Prepaid costs - - - - Total Assets $ 2,340,599 $ - $ 5,687,537 $ 40,024

Liabilities and Net Position Liabilities Current: Accounts payable $ 111,314 $ - $ 61,388 $ 10,045 Deposits payable - - - - Compensated absences - - - - Claims and judgments 18,960 - 732,570 - Total Current Liabilities 130,274 - 793,958 10,045 Noncurrent: Compensated absences - - - - Claims and judgments 39,842 - 2,772,430 - Total Noncurrent Liabilities 39,842 - 2,772,430 - Total Liabilities 170,116 - 3,566,388 10,045

Net Position Unrestricted 2,170,483 - 2,121,149 29,979 Total Net Position 2,170,483 - 2,121,149 29,979

Total Liabilities and Net Position $ 2,340,599 $ - $ 5,687,537 $ 40,024

164 CITY OF EMERYVILLE

COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2020

Total Unemployment Accrued Post Internal Service Self-Insurance Benefits Employment Funds Assets Current: Cash and investments $ 138,662 $ 2,837,894 $ 7,245,975 $ 18,279,019 Receivables: Accounts - - 26,641 26,641 Accrued interest 196 4,164 10,796 26,828 Prepaid costs - - 1,912 1,912 Total Assets $ 138,858 $ 2,842,058 $ 7,285,324 $ 18,334,400

Liabilities and Net Position Liabilities Current: Accounts payable $ - $ 104 $ - $ 182,851 Deposits payable - - 7,760 7,760 Compensated absences - 484,973 - 484,973 Claims and judgments - - - 751,530 Total Current Liabilities - 485,077 7,760 1,427,114 Noncurrent: Compensated absences - 2,548,533 - 2,548,533 Claims and judgments - - - 2,812,272 Total Noncurrent Liabilities - 2,548,533 - 5,360,805 Total Liabilities - 3,033,610 7,760 6,787,919

Net Position Unrestricted 138,858 (191,552) 7,277,564 11,546,481 Total Net Position 138,858 (191,552) 7,277,564 11,546,481

Total Liabilities and Net Position $ 138,858 $ 2,842,058 $ 7,285,324 $ 18,334,400

165 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Workers' Compensation Dental Self- Litigation MESA Self-Insurance Insurance Operating Revenues Charges for services $ - $ 13,838,244 $ 1,303,995 $ 206,442 Total Operating Revenues - 13,838,244 1,303,995 206,442

Operating Expenses Administration and general - 13,838,244 342,865 28,136 Claims expense 193,179 - 40,730 172,990 Other 6,763 - - - Total Operating Expenses 199,942 13,838,244 383,595 201,126 Operating Income (Loss) (199,942) - 920,400 5,316

Nonoperating Revenues Investment income 42,973 - 96,062 291 Total Nonoperating Revenues 42,973 - 96,062 291

Income (Loss) Before Transfers (156,969) - 1,016,462 5,607

Transfers in 250,000 - - -

Changes in Net Position 93,031 - 1,016,462 5,607

Net Position, Beginning of Year 2,077,452 - 1,104,687 24,372

Net Position, End of Year $ 2,170,483 $ - $ 2,121,149 $ 29,979

166 CITY OF EMERYVILLE

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Total Unemployment Accrued Post Internal Service Self-Insurance Benefits Employment Funds Operating Revenues Charges for services $ 42,922 $ 289,583 $ 222,109 $ 15,903,295 Total Operating Revenues 42,922 289,583 222,109 15,903,295

Operating Expenses Administration and general - 651,276 236,336 15,096,857 Claims expense 16,085 - - 422,984 Other - - - 6,763 Total Operating Expenses 16,085 651,276 236,336 15,526,604 Operating Income (Loss) 26,837 (361,693) (14,227) 376,691

Nonoperating Revenues Investment income 2,323 54,535 137,777 333,961 Total Nonoperating Revenues 2,323 54,535 137,777 333,961

Income (Loss) Before Transfers 29,160 (307,158) 123,550 710,652

Transfers in - 110,000 - 360,000

Changes in Net Position 29,160 (197,158) 123,550 1,070,652

Net Position, Beginning of Year 109,698 5,606 7,154,014 10,475,829

Net Position, End of Year $ 138,858 $ (191,552) $ 7,277,564 $ 11,546,481

167 CITY OF EMERYVILLE

COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Workers' Compensation Dental Self- Litigation MESA Self-Insurance Insurance Cash Flows from Operating Activities Receipts from customers and users $ - $ 13,838,244 $ 1,320,579 $ 206,442 Payments to suppliers and providers - - (443,634) - Payments to employees for salaries and benefits - (13,838,244) ( 108,724) (28,136) Payments for claims (309,363) - (400,730) (179,229)

Net Cash Provided by (Used for) Operating Activities (309,363) - 367,491 (923)

Cash Flows from Non-Capital Financing Activities Cash transfers in 250,000 - - -

Net Cash Provided by Non-Capital Financing Activities 250,000 - - -

Cash Flows from Investing Activities Interest on cash and investments 45,218 - 100,379 330

Net Cash Provided by Investing Activities 45,218 - 100,379 330

Net Increase (Decrease) in Cash and Cash Equivalents (14,145) - 467,870 (593)

Cash and Cash Equivalents, Beginning of Year 2,351,275 - 5,211,481 40,600

Cash and Cash Equivalents, End of Year $ 2,337,130 $ - $ 5,679,351 $ 40,007

Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities Operating income (loss) $ (199,942) $ - $ 920,400 $ 5,316 Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities (Increase) in accounts receivable - - 16,584 - Decrease in prepaid costs - - - - Increase (decrease) in accounts payable (95,231) - (209,493) (6,239) Increase (decrease) in deposits payable - - - - (Decrease) in compensated absences - - - - Increase (decrease) in claims and judgments (14,190) - (360,000) - Total Adjustments (109,421) - (552,909) (6,239) Net Cash Provided by (Used for) Operating Activities $ (309,363) $ - $ 367,491 $ (923)

168 CITY OF EMERYVILLE

COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Total Unemployment Accrued Post Internal Service Self-Insurance Benefits Employment Funds Cash Flows from Operating Activities Receipts from customers and users $ 42,922 $ 289,583 $ 218,963 $ 15,916,733 Payments to suppliers and providers - - - (443,634) Payments to employees for salaries and benefits - (455,527) (236,244) (14,666,875) Payments for claims (19,082) - - (908,404)

Net Cash Provided by (Used for) Operating Activities 23,840 (165,944) (17,281) (102,180)

Cash Flows from Non-Capital Financing Activities Cash transfers in - 110,000 - 360,000

Net Cash Provided by Non-Capital Financing Activities - 110,000 - 360,000

Cash Flows from Investing Activities Interest on cash and investments 2,389 57,500 144,621 350,437

Net Cash Provided by Investing Activities 2,389 57,500 144,621 350,437

Net Increase (Decrease) in Cash and Cash Equivalents 26,229 1,556 127,340 608,257

Cash and Cash Equivalents, Beginning of Year 112,433 2,836,338 7,118,635 17,670,762

Cash and Cash Equivalents, End of Year $ 138,662 $ 2,837,894 $ 7,245,975 $ 18,279,019

Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities Operating income (loss) $ 26,837 $ (361,693) $ (14,227) $ 376,691 Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities (Increase) in accounts receivable - - (6,390) 10,194 Decrease in prepaid costs - - 92 92 Increase (decrease) in accounts payable (2,997) 9 - (313,951) Increase (decrease) in deposits payable - - 3,244 3,244 (Decrease) in compensated absences - 195,740 - 195,740 Increase (decrease) in claims and judgments - - - (374,190) Total Adjustments (2,997) 195,749 (3,054) (478,871) Net Cash Provided by (Used for) Operating Activities $ 23,840 $ (165,944) $ (17,281) $ (102,180)

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 171 THIS PAGE INTENTIONALLY LEFT BLANK

172 CITY OF EMERYVILLE

COMBINING STATEMENT OF NET POSITION AGENCY FUNDS JUNE 30, 2020

East Baybridge Bay Shellmound 1999 Revenue Assessment Assessment Bonds District District Totals Assets Pooled cash and investments $ - $ 398,090 $ 897,558 $ 1,295,648 Receivables: Accrued interest - 1,529 1,340 2,869 Restricted assets: Cash and investments with fiscal agents 26,124 714,995 164,279 905,398 Total Assets $ 26,124 $ 1,114,614 $ 1,063,177 $ 2,203,915

Liabilities Due to bondholders $ 26,124 $ 1,114,614 $ 1,063,177 $ 2,203,915 Total Liabilities $ 26,124 $ 1,114,614 $ 1,063,177 $ 2,203,915

173 CITY OF EMERYVILLE

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES AGENCY FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Balance Balance July 1, 2019 Additions Deductions June 30, 2020

1999 Revenue Bonds

Assets Restricted assets: Cash and investments with fiscal agents $ 12,310 $ 1,025,102 $ 1,011,288 $ 26,124 Total Assets $ 12,310 $ 1,025,102 $ 1,011,288 $ 26,124

Liabilities Due to bondholders $ 12,310 $ 1,200,624 $ 1,186,810 $ 26,124 Total Liabilities $ 12,310 $ 1,200,624 $ 1,186,810 $ 26,124

East Baybridge Assessment District

Assets Cash and investments $ 670,563 $ 341,322 $ 613,795 $ 398,090 Receivables: Accrued interest 3,124 1,528 3,123 1,529 Restricted assets: Cash and investments with fiscal agents 706,422 555,359 546,786 714,995 Total Assets $ 1,380,109 $ 898,209 $ 1,163,704 $ 1,114,614

Liabilities Due to bondholders $ 1,380,109 $ 898,209 $ 1,163,704 $ 1,114,614 Total Liabilities $ 1,380,109 $ 898,209 $ 1,163,704 $ 1,114,614

Bay Shellmound Assessment District

Assets Cash and investments $ 889,065 $ 22,781 $ 14,288 $ 897,558 Receivables: Accounts 62 - 62 - Accrued interest 3,786 1,337 3,783 1,340 Restricted assets: Cash and investments with fiscal agents 641,538 646,804 1,124,063 164,279 Total Assets $ 1,534,451 $ 670,922 $ 1,142,196 $ 1,063,177

Liabilities Due to bondholders $ 1,534,451 $ 670,922 $ 1,142,196 $ 1,063,177 Total Liabilities $ 1,534,451 $ 670,922 $ 1,142,196 $ 1,063,177

174 CITY OF EMERYVILLE

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES AGENCY FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Balance Balance July 1, 2019 Additions Deductions June 30, 2020

Totals - All Agency Funds

Assets Cash and investments $ 1,559,628 $ 364,103 $ 628,083 $ 1,295,648 Receivables: Accounts 62 - 62 - Accrued interest 6,910 2,865 6,906 2,869 Restricted assets: Cash and investments with fiscal agents 1,360,270 2,227,265 2,682,137 905,398 Total Assets $ 2,926,870 $ 2,594,233 $ 3,317,188 $ 2,203,915

Liabilities Due to bondholders $ 2,926,870 $ 2,769,755 $ 3,492,710 $ 2,203,915 Total Liabilities $ 2,926,870 $ 2,769,755 $ 3,492,710 $ 2,203,915

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 177 CITY OF EMERYVILLE

COMBINING STATEMENT OF NET POSITION PRIVATE-PURPOSE TRUST FUNDS JUNE 30, 2020

Total Private- 2014A Debt 2014B Debt Purpose Trust RDA Retirement Service Service Funds Assets Cash and investments $ 6,995,945 $ - $ - $ 6,995,945 Receivables: Accounts 217 - - 217 Accrued interest 25,325 - - 25,325 Notes and loans 14,455,747 - - 14,455,747 Prepaid costs - 350,823 46,383 397,206 Land held for resale 24,818,694 - - 24,818,694 Restricted assets: Cash and investments with fiscal agents - 8,412,451 1,157,841 9,570,292 Capital assets: Capital assets, not being depreciated 11,333,991 - - 11,333,991 Total Assets 57,629,919 8,763,274 1,204,224 67,597,417

Liabilities Accounts payable 1,190,565 - - 1,190,565 Accrued interest - 1,114,750 128,560 1,243,310 Long-term liabilities: Bonds due in one year - 6,425,000 965,000 7,390,000 Pollution remediation obligations due in one year 60,000 - - 60,000 Bonds due in more than one year - 71,856,262 8,701,908 80,558,170 Pollution remediation obligation due in more than one year 803,022 - - 803,022 Total Liabilities 2,053,587 79,396,012 9,795,468 91,245,067

Net Position Held in trust for other purposes 55,576,332 (70,632,738) (8,591,244) (23,647,650) Total Net Position $ 55,576,332 $ (70,632,738) $ (8,591,244) $ (23,647,650)

178 CITY OF EMERYVILLE

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION PRIVATE-PURPOSE TRUST FUNDS FOR THE YEAR ENDED JUNE 30, 2020

Total Private- 2014A Debt 2014B Debt Purpose Trust RDA Retirement Service Service Funds Additions Taxes $ 13,134,470 $ - $ - $ 13,134,470 Investment income 505,678 87,768 - 593,446 Transfers In - 9,769,250 1,350,679 11,119,929 Total Additions 13,640,148 9,857,018 1,350,679 24,847,845

Deductions Administrative expenses 310,368 - - 310,368 Contractual services 3,896,551 - - 3,896,551 Interest expense - 2,659,188 398,630 3,057,818 Contributions to other governments 437,642 - - 437,642 Transfers out 11,119,929 - - 11,119,929 Total Deductions 15,764,490 2,659,188 398,630 18,822,308

Changes in Net Position (2,124,342) 7,197,830 952,049 6,025,537

Net Position, Beginning of Year 57,700,674 (77,830,568) (9,543,293) (29,673,187)

Net Position, End of Year $ 55,576,332 $ (70,632,738) $ (8,591,244) $ (23,647,650)

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180 Statistical Section

This part of the City of Emeryville's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the city's overall financial health.

GASB issued Statement no. 44, Economic Condition Reporting; The Statistical Section - an amendment of NCGA Statement 1 . This statement amends the portions of NCGA Statement 1, Governmental Accounting and Financial Reporting Principles, that guide the preparation of the statistical section. The statistical section presents details information, typically in ten-year statements, and required supplementary information to assess the economic condition of a government. During fiscal year 2005-2006, the City implemented this statement and added new information that financial statement users have identified as important and eliminated certain schedules previously required.

GASB issued Statement no. 54, Fund Balance Reporting and Governmental Fund Type Definitions . This changed the reporting requirements for fund balances in the financial statements. The City implemented this statement effective fiscal year 2010-2011.

Contents Schedule

Financial Trends I - IV These schedules contain trend information to help the reader understand how the city's financial performance and well-being have changed over time.

Revenue Capacity V - IX These schedules contain information to help the reader assess the factors affecting the city's ability to generate its property and sales taxes.

Debt Capacity X - XIV 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.

Demographic and Economic Information XV - XVII These schedules offer demographic and economic indicators to help the reader understand the environment within which the city's financial activities take place.

Operating Information XVIII - XIX These schedules contain information about the city's operations and resources to help the reader understand how the city's financial information relates to the services the city provides and the activities it performs.

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.

181 City of Emeryville

Statistical Section - Table I Net Position by Component Last Ten Fiscal Years (accrual basis of accounting)

2011 2012 2013 2014

Governmental activities Net investment in capital assets $ 52,917,776 $ 71,117,064 $ 70,942,145 $ 69,332,175 Restricted 161,404,308 28,022,282 24,847,447 59,193,273 Unrestricted (35,693,521) 81,076,521 91,803,642 85,724,838 Total governmental activities net position $ 178,628,563 $ 180,215,867 $ 187,593,234 $ 214,250,286

Business-type activities Net investment in capital assets $ 5,190,570 $ 5 ,660,931 $ 5,621,688 $ 6,698,183 Restricted - - 4,061,654 4,120,256 Unrestricted 3,992,116 4,122,213 526,498 (332,233) Total business-type activities net position $ 9,182,686 $ 9,783,144 $ 10,209,840 $ 10,486,206

Primary government Net investment in capital assets $ 58,108,346 $ 76,777,995 $ 76,563,833 $ 76,030,358 Restricted 161,404,308 28,022,282 28,909,101 63,313,529 Unrestricted (31,701,405) 85,198,734 92,330,140 85,392,605 Total primary government net position $ 187,811,249 $ 189,999,011 $ 197,803,074 $ 224,736,492

Notes: 1. Restated 2016 due to the reclassification of capital improvement project to the Successor Agency for property remediation payments. 2. Restated 2016 due to the reclassification of prior year unavailable revenues for notes and loans, operating contribution and grants.

182 2015 2016 2017 2018 2019 2020

$ 70,686,033 $ 68,973,451 1 $ 67,638,982 $ 69,236,908 $ 86,768,020 $ 94,116,338 68,180,423 51,000,633 60,752,375 90,047,586 94,720,674 56,084,907 70,585,332 65,389,801 2 65,636,489 38,781,480 46,880,616 88,435,683 $ 209,451,788 $ 185,363,885 $ 194,027,846 $ 198,065,974 $ 228,369,310 $ 238,636,928

$ 8,199,483 $ 8,112,330 $ 8,385,897 $ 8,199,975 $ 8,008,915 $ 7,817,855 1,393,732 2,063,866 2,024,388 2,641,903 2,343,339 2,756,937 1,436,219 1,488,977 1,775,733 1,733,373 2,694,264 3,741,587 $ 11,029,434 $ 11,665,173 $ 12,186,018 $ 12,575,251 $ 13,046,518 $ 14,316,379

$ 78,885,516 $ 77,085,781 $ 76,024,879 $ 77,436,883 $ 94,776,935 $ 101,934,193 69,574,155 53,064,499 62,776,763 92,689,489 97,064,013 58,841,844 72,021,551 66,878,778 67,412,222 40,514,853 49,574,880 92,177,270 $ 220,481,222 $ 197,029,058 $ 206,213,864 $ 210,641,225 $ 241,415,828 $ 252,953,307

183 City of Emeryville

Statistical Section - Table II Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting)

2011 2012 2013 2014

Expenses Governmental activities: City council $ 198,545 $ 156,464 $ 135,680 $ 147,451 City manager 785,948 828,254 735,876 727,135 City attorney 575,138 551,094 611,437 563,063 Finance 980,690 994,340 927,811 877,587 Human resources 519,904 501,198 484,534 531,949 Information technology (1) 851,621 458,198 414,117 508,324 Non-departmental operations 2,403,558 4,278,814 6,112,564 2,706,578 Police 11,378,218 10,798,775 9,562,030 9,752,016 Fire 6,609,451 5,999,409 5,756,509 5,822,379 Plannning and building 2,431,549 2,342,453 2,029,904 2,813,429 Economic development and housing 1,332,486 1,158,471 851,573 985,197 Redevelopment 24,835,711 6,234,608 13,217 14,760 Property based improvement district 2,333,268 2,595,503 2,595,430 2,781,500 Community services 462,352 503,917 528,468 565,762 Child development 1,532,716 1,612,081 1,636,046 1,761,693 Youth services 789,805 758,726 690,136 749,982 Adult services 493,312 568,824 513,434 613,182 Public works 6,315,903 5,849,696 7,740,917 6,694,496 Interest on long-term debt 8,601,997 1,684,396 254,261 288,239 Total governmental activities expenses 73,432,172 47,875,221 41,593,944 38,904,722 Business-type activities: Sewer 917,778 287,866 683,694 561,301 Total business-type activities expenses 917,778 287,866 683,694 561,301 Total primary government expenses $ 74,349,950 $ 48,163,087 $ 42,277,638 $ 39,466,023

Program Revenues Governmental activities: Charges for services: General Government $ 3,476,829 $ 4,359,415 $ 3,201,642 $ 3,527,580 Public Safety 1,060,203 1,046,790 960,653 723,200 Redevelopment 100,444 91,756 - - Property Based Improvement District 2,317,000 2,658,783 2,599,561 2,635,700 Child Development 1,016,489 1,158,535 1,082,712 1,153,904 Operating grants and contributions 3,928,985 3,289,333 7,444,528 1,600,076 Capital grants and contributions 457,353 275,311 462,268 22,662,691 Total governmental activities program revenues 12,357,303 12,879,923 15,751,364 32,303,151 Business-type activities: Charges for services: Sewer 836,303 923,876 1,164,788 823,223 Capital grants and contributions - - - - Total business-type activities program revenues 836,303 923,876 1,164,788 823,223 Total primary government program revenues $ 13,193,606 $ 13,803,799 $ 16,916,152 $ 33,126,374

(1) Information technology division previously reported in the Finance department. 184 2015 2016 2017 2018 2019 2020

$ 176,050 $ 187,581 $ 202,159 $ 222,581 $ 219,654 $ 205,422 925,387 1,181,250 1,408,437 1,392,176 1,137,782 1,170,384 561,181 416,252 585,501 534,354 600,453 622,553 934,110 897,179 1,144,663 1,093,976 1,118,840 1,353,480 668,129 804,087 888,463 790,400 728,794 764,058 929,009 951,426 1,135,305 1,205,716 1,174,675 1,507,232 2,691,552 4,016,297 3,792,532 3,275,291 3,779,538 3,760,939 11,150,202 11,851,855 13,087,370 13,518,734 14,009,706 16,129,575 5,785,323 6,730,833 7,763,651 8,134,164 8,895,473 10,041,674 2,956,040 4,163,311 3,149,159 3,047,003 4,284,383 3,525,039 3,347,980 20,356,084 1,256,037 5,975,087 1,254,963 3,435,320 - 41,299 146,400 135,711 97,523 99,971 2,959,562 3,761,548 3,863,878 4,064,405 4,263,247 4,648,962 550,757 560,878 920,268 1,062,542 996,837 629,765 2,175,222 2,425,147 2,410,524 2,308,874 2,293,295 2,592,826 1,013,719 1,239,033 1,344,674 1,422,486 1,548,998 1,543,285 691,662 651,986 1,052,711 1,041,631 1,067,215 1,086,775 6,515,111 6,250,213 13,547,948 9,013,050 7,532,228 8,959,551 127,828 127,351 125,557 101,435 88,945 89,646 44,158,824 66,613,610 57,825,237 58,339,616 55,092,549 62,166,457

518,487 550,046 772,290 564,159 544,936 522,049 518,487 550,046 772,290 564,159 544,936 522,049 $ 44,677,311 $ 67,163,656 $ 58,597,527 $ 58,903,775 $ 55,637,485 $ 62,688,506

$ 4,848,345 $ 9,780,050 $ 9,432,477 $ 6,472,435 $ 7,685,851 $ 8,042,722 1,020,216 798,029 1,017,546 994,626 783,767 3,094,764 - 40,000 40,000 84,064 16,331 44,945 2,959,562 3,220,017 3,368,624 3,735,926 3,765,814 4,025,621 2,175,222 1,087,616 1,137,338 1,311,260 1,426,793 1,016,238 4,016,627 3,472,039 5,472,374 4,980,866 2,934,567 3,518,339 20,926,547 2,763,083 2,498,959 784,752 114,227 1,541,090 35,946,519 21,160,834 22,967,318 18,363,929 16,727,350 21,283,719

1,189,759 845,356 1,265,566 996,519 967,840 1,737,964 - 400,000 - - - - 1,189,759 1,245,356 1,265,566 996,519 967,840 1,737,964 $ 37,136,278 $ 22,406,190 $ 24,232,884 $ 19,360,448 $ 17,695,190 $ 23,021,683

185 City of Emeryville

Statistical Section - Table II (continued) Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting)

2011 2012 2013 2014

Net (Expense)/Revenue Governmental activities$ (61,074,869) $ (34,995,298) $ (25,842,580) $ (6,601,571) Business-type activities (81,475) 636,010 481,094 261,922 Total primary government net expense$ (61,156,344) $ (34,359,288) $ (25,361,486) $ (6,339,649)

General Revenues and Other Changes in Net Position Governmental activities: Taxes Property taxes $ 1,385,512 $ 2,505,928 $ 8,582,917 $ 4,510,321 Tax increment 37,569,786 16,341,753 - - Transient occupancy taxes 3,598,234 4,233,189 4,851,768 5,276,554 Sales taxes 6,849,909 7,021,597 7,513,925 8,038,150 Franchise taxes 1,176,642 1,483,662 1,325,775 1,597,846 Business license taxes 5,723,477 6,919,263 7,321,687 7,531,077 Other taxes 3,587,949 2,919,399 3,080,911 3,520,812 Motor Vehicle in lieu 662,256 617,024 630,599 651,661 Use of money and property 3,032,246 2,298,784 399,545 2,004,475 Miscellaneous 58,330 101,901 459,536 115,883 Extraordinary gain/(loss) - (3,903,786) 1,465,064 - Special item - - - - Transfers 81,500 81,500 81,500 63,264 Total governmental activities 63,725,841 40,620,214 35,713,227 33,310,043 Business-type activities: Use of money and property 82,504 45,948 27,102 26,208 Miscellaneous - - - - Transfers (81,500) (81,500) (81,500) (63,264) Total business-type activities 1,004 (35,552) (54,398) (37,056) Total primary government $ 63,726,845 $ 40,584,662 $ 35,658,829 $ 33,272,987

Change in Net Position Governmental activities $ 2,650,972 $ 5,624,916 $ 9,870,647 $ 26,708,472 Business-type activities (80,471) 600,458 426,696 224,866 Total primary government $ 2,570,501 $ 6,225,374 $ 10,297,343 $ 26,933,338

186 2015 2016 2017 2018 2019 2020

$ (8,212,305) $ (45,452,776) $ (34,857,919) $ (39,975,687) $ (38,365,199) $ (40,882,738) 671,272 695,310 493,276 432,360 422,904 1,215,915 $ (7,541,033) $ (44,757,466) $ (34,364,643) $ (39,543,327) $ (37,942,295) $ (39,666,823)

$ 6,277,517 $ 9,299,477 $ 7,393,808 $ 8,453,487 $ 8,920,973 $ 9,979,951 ------5,911,821 6,894,846 7,426,301 8,321,942 8,687,505 6,027,857 8,233,456 8,507,880 8,632,015 8,729,795 9,327,118 7,839,940 1,602,164 1,643,944 1,694,244 1,789,616 1,863,560 1,989,366 7,668,497 8,172,325 8,711,004 8,984,641 9,567,421 8,658,838 4,390,169 5,959,825 6,639,571 9,398,190 7,769,284 10,559,305 679,813 759,623 807,327 853,910 905,486 963,890 1,739,427 2,220,381 1,978,664 2,520,500 6,229,843 5,075,406 150,307 731,945 238,946 94, 115 106,793 84,553 ------674,053 - - - 14,976,044 - 30,000 81,500 - 51,500 51,500 51,500 37,357,224 44,271,746 43,521,880 49,197,696 68,405,527 51,230,606

20,697 21,929 27,569 51,443 99,863 105,446 ------(30,000) (81,500) - (51,500) (51,500) (51,500) (9,303) (59,571) 27,569 (57) 48,363 53,946 $ 37,347,921 $ 44,212,175 $ 43,549,449 $ 49,197,639 $ 68,453,890 $ 51,284,552

$ 29,144,919 $ (1, 181,030) $ 8,663,961 $ 9,222,009 $ 30,040,328 $ 10,347,868 661,969 635,739 520,845 432,303 471,267 1,269,861 $ 29,806,888 $ ( 545,291) $ 9,184,806 $ 9,654,312 $ 30,511,595 $ 11,617,729

187 City of Emeryville

Statistical Section - Table III Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting)

2011 2012 2013 2014

General Fund Nonspendable$ 189,434 $ 10,528,997 $ 12,105,075 $ 13,620,689 Restricted 100,000 100,000 100,000 100,000 Committed 7,312,673 8,023,603 10,962,630 11,161,002 Assigned 5,119,468 5,133,044 1,320,228 1,328,589 Unassigned 8,742,089 12,361,223 10,298,184 11,977,384 Total General Fund$ 21,463,664 $ 36,146,867 $ 34,786,117 $ 38,187,664

All other government funds: Nonspendable: 36,927,983 10,011,641 11,816,426 - Restricted for: 124,024,913 17,084,717 24,747,447 59,093,273 Committed to: 13,595,761 13,525,478 13,195,339 13,298,713 Assigned to: - - - - Unassigned (1,641) (1,429) (2,891,620) - Total all other governmental funds$ 174,547,016 $ 40,620,407 $ 46,867,592 $ 72,391,986

Notes: In Fiscal Year 2010-2011, the City implemented GASB 54 which changed the reporting requirements for fund balances in the financial statements. The table has been updated to reflect the impact of GASB 54 for Fiscal Year 2010-11 onward.

1. Restated 2016 due to the recognition of grant fund revenue in prior year.

188 2015 2016 2017 2018 2019 2020

$ 7,179,797 $ 565,502 $ 319,095 $ 38,877 $ 43,363 $ 67,583 100,000 100,000 100,000 180,000 363,652 343,371 6,578,314 35,920,416 35,529,250 33,631,564 38,186,648 39,451,092 1,335,717 1, 344,194 2, 354,457 3, 382,403 3, 451,939 3,137,915 18,719,632 1, 271,572 1 2,404,324 3, 843,833 7, 759,918 9,997,255 $ 33,913,460 $ 39,201,684 $ 40,707,126 $ 41,076,677 $ 49,805,520 $ 52,997,216

- - 605 - - 20,434 67,478,317 50,900,633 60,652,375 89,867,586 94,357,022 55,741,536 26,063,322 44,398,585 44,888,763 17,238,821 18,493,798 59,670,444 9,573,983 3, 440,097 3, 907,818 4, 476,972 5, 050,415 5,219,885 2,397, 964 - - - - - $ 105,513,586 $ 98,739,315 $ 109,449,561 $ 111,583,379 $ 117,901,235 $ 120,652,299

189 City of Emeryville

Statistical Section - Table IV Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting)

2011 2012 2013 2014

Revenues Taxes $ 62,022,736 $ 44,714,476 $ 35,376,452 $ 32,977,187 Licenses, fees, and permits 2,558,273 3,052,139 2,614,809 2,838,908 Intergovernmental 3,410,662 3,256,511 3,104,155 2,229,424 Contribution from property owners - - 50,000 - Charges for services 2,274,895 2,412,242 2,033,755 2,160,395 Investment income 2,010,040 1,337,619 (364,083) 1,211,943 Rent 781,807 788,017 665,282 726,983 Contributions - - 64,859 22,423,847 Developer participation - - - 110,000 Miscellaneous 2,613,627 2,562,328 2,892,047 1,883,198 Total revenues 75,672,040 58,123,332 46,437,276 66,561,885

Expenditures City council 147,941 144,437 135,680 137,582 City manager 760,533 794,438 735,876 722,230 City attorney 541,624 527,034 611,437 563,063 Finance 917,673 951,575 927,811 876,395 Human resources 491,723 481,470 484,534 531,949 Information technology (1) 444,276 440,049 414,117 435,804 Non-departmental operations 4,005,895 3,901,109 5,187,691 2,371,880 Police 10,386,454 10,284,431 9,562,030 9,569,271 Fire 5,937,520 5,566,539 5,756,509 5,633,392 Planning and building 2,304,144 2,290,201 2,029,904 2,813,429 Economic development and housing 1,242,756 1,125,218 851,573 819,501 Redevelopment 18,781,142 5,935,117 13,217 14,760 Property based improvement district 2,333,268 2,595,503 2,595,430 2,781,500 Community services 462,352 493,124 528,468 565,762 Child development 1,364,844 1,504,029 1,636,046 1,720,257 Youth services 708,542 696,024 690,136 721,432 Adult services 472,716 555,907 513,434 611,513 Public works 2,636,403 3,746,043 4,203,173 3,403,038 Capital outlay 9,180,434 3,839,928 1,569,071 1,833,881 Debt service: Principal retirement 5,984,749 6,265,686 227,182 4,980,900 Interest and fiscal charges 8,675,548 4,380,048 256,940 306,466 Total expenditures 77,780,537 56,517,910 38,930,259 41,414,005 Excess of revenues over (under) expenditures (2,108,497) 1,605,422 7,507,017 25,147,880

Other Financing Sources (Uses) Transfers in 29,245,881 25,761,833 4,117,235 2,645,924 Transfers out (31,744,381) (26,489,500) (4,265,735) (3,314,160) Other debt issued - - - - Proceeds from the sale capital assets 15,000 10,024 21,198 55,997 Refunding of bonds issued - - - 4,390,300 Total other financing sources (uses) (2,483,500) (717,643) (127,302) 3,778,061 Extraordinary gain/(loss) on dissolution of redevelopment agency (Note 18) - (123,195,381) - -

Net change in Fund Balance $ (4,591,997) $ (122,307,602) $ 7,379,715 $ 28,925,941

Debt service as a percentage of noncapital expenditures 21.4% 20.2% 1.3% 13.4%

Notes: 1. Information technology division previously reported in the Finance department. 190 2015 2016 2017 2018 2019 2020

$ 36,930,822 $ 44,338,425 $ 43,865,567 $ 49,115,972 $ 49,921,074 $ 49,121,004 5,200,746 8,627,186 8,345,892 4,809,917 5,803,734 7,150,661 3,025,831 3,572,596 4,697,180 4,759,150 4,275,288 3,303,809 ------2,002,438 1,914,563 1,944,900 2,110,315 2,256,270 1,704,087 890,364 1,318,846 884,800 1,219,899 4,772,564 3,848,306 767,502 809,172 982,184 1,108,614 1,102,264 893,139 21,245,659 1,762,756 1,742,497 362,726 130,416 357,468 44,250 73,771 - 3,060 1,442,000 3,290,982 4,274,525 3,632,418 2,869,907 2,801,351 3,656,696 73,398,594 66,691,840 66,095,438 66,359,560 71,062,961 71,477,170

159,002 173,094 188,481 208,890 214,559 204,213 899,964 1,159,302 1,264,541 1,298,346 1,124,576 1,037,140 547,371 410,125 539,571 509,639 594,489 546,763 963,708 875,409 1,028,922 1,028,306 1,103,089 1,204,350 643,173 788,536 783,842 732,127 722,633 664,688 828,759 859,896 852,415 987,075 1,137,306 1,251,103 2,375,549 3,635,154 3,493,521 3,185,740 3,558,762 3,587,004 10,302,605 10,538,221 11,658,176 16,265,427 12,896,563 14,145,368 6,258,898 6,405,297 7,079,486 7,888,892 8,380,914 8,884,529 2,897,036 3,767,846 3,058,630 3,041,482 4,363,993 3,334,957 3,311,696 20,343,610 1,199,277 5,947,215 1,249,415 3,357,737 ------2,959,562 3,761,548 3,863,878 4,064,405 4,263,247 4,648,962 525,778 551,581 865,999 1,026,324 994,020 630,543 1,925,895 1,997,610 2,149,360 2,121,898 2,261,778 2,331,071 967,695 1,189,876 1,263,087 1,356,466 1,495,713 1,452,827 677,616 643,700 963,650 961,012 987,296 948,164 3,382,517 3,248,768 9,814,017 6,189,128 5,502,678 4,675,419 4,397,318 7,190,599 2,783,709 4,884,123 5,096,276 11,952,431

241,900 252,700 258,100 263,200 272,900 282,100 135,156 128,199 121,088 102,731 94,783 86,541 44,401,198 67,921,071 53,229,750 62,062,426 56,314,990 65,225,910

28,997,396 (1,229,231) 12,865,688 4,297,134 14,747,971 6,251,260

12,784,535 9,275,128 18,249,921 3,273,326 2,244,824 2,901,232 (12,934,535) (9,773,628) (18,899,921) (5,091,826) (2,223,324) (3,209,732) ------24,735 14,220 ------

(150,000) (498,500) (650,000) (1,793,765) 35,720 (308,500)

------

$ 28,847,396 $ (1,727,731) $ 12,215,688 $ 2,503,369 $ 14,783,691 $ 5,942,760

0.9% 0.6% 0.8% 0.6% 0.7% 0.7%

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192 City of Emeryville

Statistical Section - Table V Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years

Total Less: Total Taxable Direct Fiscal Real Personal Tax-Exempt Assessed Tax Year Property Property Property Value Rate (%) (1)

2010-11 3,846,729,282 344,584,129 (89,955,403) 4, 101,358,008 0.2182% 2011-12 3,518,270,810 395,482,639 (93,546,737) 3, 820,206,712 0.2182% 2012-13 3,587,063,228 479,029,792 (96,907,938) 3, 969,185,082 0.2182% 2013-14 3,763,651,363 471,653,509 (83,737,232) 4, 151,567,640 0.2182% 2014-15 3,993,898,360 457,744,022 (108,720,173) 4, 342,922,209 0.2182% 2015-16 4,468,931,248 331,063,497 (94,880,198) 4, 705,114,547 0.2182% 2016-17 4,763,568,831 374,017,423 (136,247,060) 5, 001,339,194 0.2182% 2017-18 5,012,942,428 407,061,644 (129,349,135) 5, 290,654,937 0.2182% 2018-19 5,246,143,040 478,110,415 (113,400,217) 5, 610,853,238 0.2182% 2019-20 5,580,325,969 547,532,578 (154,063,581) 5, 973,794,966 0.2182%

Notes: (1) Total Direct Tax Rate is respresented by TRA 014-000, rates are not adjusted for ERAF

In 1978, the voters of California passed Proposition 13, which limited property taxes to a maximum of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With some few exceptions, property is only reassessed at the time that it is sold to a new owner. At that time, the new assessed value is determined based on the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

Source: Alameda County Data, Avenu Insights & Analytics

193 City of Emeryville

Statistical Section - Table VI Assessed Value of Property by Use Code, Citywide Last Ten Fiscal Years

Category 2010-11 2011-12 2012-13 2013-14 2014-15

Commercial $ 2,003,212,739 $ 1,771,882,406 $ 1,842,355,117 $ 1,910,845,651 $ 1,963,116,063 Residential 1,393,834,705 1,335,560,769 1,321,832,460 1,427,012,709 1,597,120,334 Industrial 283,103,569 292,230,769 288,566,703 283,204,476 278,517,236 Vacant 65,466,760 33,197,861 43,899,479 64,722,372 77,674,621 Recreation 14,949,028 14,904,269 20,461,208 23,828,087 24,294,117 Institution 11,580,999 11,730,509 11,965,086 12,204,303 12,259,632 Public - - - - - Unitary 523,096 523,096 523,096 523,096 74,276 Unknown 74,058,386 58,241,131 57,460,079 41,310,669 40,916,357 Gross Secured Value 3,846,729,282 3,518,270,810 3,587,063,228 3,763,651,363 3,993,972,636

Unsecured Value 344,584,129 395,482,639 479,029,792 471,653,509 457,744,022 Exemptions 89,955,403 93,546,737 96,907,938 83,737,232 108,720,173 Total Taxable Value$ 4,101,358,008 $ 3,820,206,712 $ 3,969,185,082 $ 4,151,567,640 $ 4,342,996,485

$6,000,000,000

$5,000,000,000 Unknown Unitary $4,000,000,000 Institution Recreation $3,000,000,000 Vacant

$2,000,000,000 Industrial Residential $1,000,000,000 Commercial

$- 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20

Notes: Use code categories are based on Alameda County Assessor’s data

Source: Alameda County Assessor data, Avenu Insights & Analytics

194 2015-16 2016-17 2017-18 2018-19 2019-20

$ 2,230,128,700 $ 2,323,635,087 $ 2,488,581,968 $ 2,576,533,502 $ 2,696,121,934 1,768,921,200 2,020,530,350 2,123,374,518 2,207,853,346 2,322,356,929 279,149,179 306,056,222 294,520,921 321,736,794 338,489,520 108,079,740 73,760,581 71,795,067 94,997,916 177,460,587 26,144,934 26,884,461 18,541,311 19,221,983 19,861,495 12,504,542 12,695,142 16,050,662 25,721,587 25,886,260 - - - - 71,400 74,276 74,276 71,063 71,063 71,063 44,002,953 6,988 6,918 6,849 6,781 4,469,005,524 4,763,643,107 5,012,942,428 5,246,143,040 5,580,325,969

331,063,497 374,017,423 407,061,644 478,110,415 547,532,578 94,880,198 136,247,060 129,349,135 113,400,217 154,063,581 $ 4,705,188,823 $ 5,001,413,470 $ 5,290,654,937 $ 5,610,853,238 $ 5,973,794,966

195 City of Emeryville

Statistical Section - Table VII Direct and Overlapping Property Tax Rates Last Ten Fiscal Years (rate per $100 of assessed value)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Basic City and County Levy City of Emeryville 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 0.2182 Alameda County 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 0.7818 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000

Countywide GO Bond 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0112 0.0108 Emery Unified School District 0.0136 0.0666 0.0663 0.0874 0.0759 0.0682 0.0680 0.0656 0.0594 0.0614 Peralta Community College 0.0430 0.0436 0.0434 0.0419 0.0412 0.0337 0.0256 0.0310 0.0269 0.0257 Bay Area Rapid Transit 0.0031 0.0041 0.0043 0.0075 0.0045 0.0026 0.0080 0.0084 0.0070 0.0120 East Bay Regional Park I 0.0084 0.0071 0.0051 0.0078 0.0085 0.0067 0.0032 0.0021 0.0057 0.0060 EBMUD Special District I 0.0067 0.0067 0.0068 0.0066 0.0047 0.0034 0.0028 0.0011 0.0000 0.0000 0.0748 0.1281 0.1259 0.1512 0.1348 0.1146 0.1076 0.1082 0.1102 0.1159

Total Direct Tax Rate 1.0748 1.1281 1.1259 1.1512 1.1348 1.1146 1.1076 1.1082 1.1102 1.1159

Notes: 1. The above tax rates are applied per $100 of assesed valuation for TRA 14-00.

2. In 1978, California voters passed Proposition 13 which sets property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides within. In addition to the 1% fixed amount, property owners are charged taxes for the payment of various other agency levies.

Source: Alameda County Auditor/Controller data, Avenu Insights & Analytics

196 City of Emeryville

Statistical Section - Table VIII Principal Property Tax Payers Current Year and Nine Years Ago

2019-20 2010-11

Percent of Total Percent of Total City Taxable City Taxable Taxpayer Taxable Value ($) Value (%) Taxable Value ($) Value (%) Emery Station Joint Venture Llc 395,432,094 6.62% 209,751,546 5.11% 5616 Bay Street Investors Llc 326,009,924 5.46% 0.00% Pixar 263,662,886 4.41% 179,913,707 4.39% Kbsiii Towers Emeryville Llc 262,276,471 4.39% Spus8 2100 Powell Lp 174,318,000 2.92% Novartis Vaccines & Diagnostics Inc 168,652,703 2.82% 102,831,909 2.51% Bay Center Investor Llc 126,038,264 2.11% 127,146,425 3.10% G C Diagnostics Corp 118,145,500 1.98% 0.00% STRS Ohio Ca Real Estate Investments I Llc 114,917,948 1.92% 99,835,214 2.43% Windsor Metropolitan Lp 100,807,020 1.69% 67,797,656 1.65% East Bay Bridge Retail Llc 95,482,704 1.60% BRE Properties Inc 93,480,071 1.56% Clpf Et Lp 93,120,300 1.56% Dp Emeryville 40Th Street Investors Lp 92,418,400 1.55% Archstone Emeryville Residential Llc 82,823,580 1.39% Rockwood Christie Llc 75,304,727 1.26% Ag Ccrp Public Market L P 68,773,998 1.15% Grifols Diagnostic Solutions Inc 58,091,988 0.97% Emeryville Property Owner Llc 55,487,787 0.93% HPTMI Properties Trust 54,062,567 0.90% 46,722,382 1.14% ASN Emeryville Llc 54,020,140 0.90% 61,986,216 1.51% Regency Centers Lp 49,659,364 0.83% 42,916,863 1.05% Hcp Emeryville Partners I Llc 47,818,250 0.80% Holiday Garden Ev Corp 47,144,416 0.79% Avalon Public Market L P 45,888,800 0.77% SA Challenger Inc. 252,803,003 6.16% Chiron Corporation 210,467,408 5.13% Madison Manhattan Village Llc 200,989,818 4.90% Hines Reit Watergate Lp 150,484,249 3.67% BRE FMCA Llc 87,719,708 2.14% 6400 Christie Avenue Emeryvill 66,974,078 1.63% Catellus Dev Corp 57,045,606 1.39% CEP Emery Tech Investors Llc 48,644,365 1.19% Marketplace Mortgage Llc 44,808,547 1.09% Ikea Property Inc. 41,386,502 1.01% Griffin Capital Atrium Investors 36,554,526 0.89% Hollis Street Investors II Llc 36,429,049 0.89% ADF Emeryville Ownco Llc 27,995,145 0.68% Bayrock Oaks Llc 27,423,242 0.67% Hardage Hotels X Llc 27,293,093 0.67% Emeryville Homes Llc 26,863,248 0.65% Total Top 25 Taxpayers 3,063,837,902 51.29% 2,282,783,505 55.66%

Total Taxable Value 5,973,794,966 100.00% 4,101,358,008 100.00%

Source: Alameda County Assessor data, Avenu Insights & Analytics

197 City of Emeryville

Statistical Section - Table IX Property Tax Levies and Collections Last Ten Fiscal Years

Fiscal Collected within the Year Taxes Levied Fiscal Year of the Levy Collections Total Collections to Date Ended for the Percentage of Prior Percentage June 30, Fiscal Year Amount of Levy Years (1) Amount of Levy (2)

2011 1,351,706 1,123,221 83.10% 304,745 1,427,966 105.64% 2012 1,349,721 1,151,344 85.30% 300,792 1,452,136 107.59% 2013 1,333,243 1,187,107 89.04% 232,398 1,419,505 106.47% 2014 1,327,293 1,210,101 91.17% 203,219 1,413,320 106.48% 2015 1,418,429 1,308,695 92.26% 154,927 1,463,622 103.19% 2016 1,496,399 1,358,989 90.82% 123,183 1,482,172 99.05% 2017 1,523,904 1,388,364 91.11% 74,650 1,463,014 96.00% 2018 1,643,180 1,521,809 92.61% 139,199 1,661,007 101.08% 2019 1,718,973 1,599,354 93.04% 105,848 1,705,202 99.20% 2020 1,804,671 1,658,918 91.92% 115,749 1,774,667 98.34%

Notes: 1) Collection in subsequent years is reported based on revenue received from the County for the fiscal year end shown. The City does not receive information from the County that specifies how much of the subsequent collection received belongs to each fiscal year. Subsequent collections for both tax types include penalties and interest assessed on the previously unpaid amounts. As a result, total collections for each levy year are not presented.

2) Percentage of Levy includes total collections of prior year's property tax delinquencies as well as taxes levied for the current fiscal year; resulting in percentages greater than 100% in some years.

Source: Alameda County Auditor-Controller Agency

198 City of Emeryville

Statistical Section - Table X Ratios of Outstanding Debt by Type Last Ten Fiscal Years

Business-type Governmental Activities Activities

Lease Total Percentage Debt Fiscal Revenue Redevelopment Capital Sewer Primary of Property Per Year Bonds Bonds Leases Loans Government Value Capita

2011 5,155,000 163,275,000 32,868 46,934 168,509,802 4.11% 16,643 2012 4,955,000 - 17,182 23,803 4,995,985 0.13% 490 2013 4,745,000 - - - 4,745,000 0.12% 462 2014 4,154,400 - - - 4,154,400 0.10% 396 2015 3,912,500 - - - 3,912,500 0.09% 370 2016 3,659,800 - - - 3,659,800 0.08% 312 2017 3,401,700 - - - 3,401,700 0.07% 287 2018 3,138,500 - - - 3,138,500 0.06% 262 2019 2,865,600 - - - 2,865,600 0.05% 241 2020 2,583,500 - - - 2,583,500 0.04% 210

Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements. (Note 7 Long-Term Liabilities)

Source: County of Alameda Auditor-Controller; City of Emeryville

199 City of Emeryville

Statistical Section - Table XI Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years

Outstanding General Debt

Lease Percent Debt Fiscal Revenue Redevelopment of Assessed Per Year Bonds Bonds Total Value Capita(1)

2011 5,155,000 163,275,000 168,430,000 4.11% 16,635 2012 4,955,000 - 4,955,000 0.13% 486 2013 4,745,000 - 4,745,000 0.12% 462 2014 4,154,400 - 4,154,400 0.10% 396 2015 3,912,500 - 3,912,500 0.09% 370 2016 3,659,800 - 3,659,800 0.08% 312 2017 3,401,700 - 3,401,700 0.07% 287 2018 3,138,500 - 3,138,500 0.06% 262 2019 2,865,600 - 2,865,600 0.05% 241 2020 2,583,500 - 2,583,500 0.04% 210

Source: County of Alameda Auditor-Controller; City of Emeryville

200 City of Emeryville

Statistical Section - Table XII Statement of Direct and Overlapping Bonded Debt As of June 30, 2020

2019-20 Assessed Valuation: $5,985,557,932

Total Debt City’s Share of OVERLAPPING TAX INCREMENT DEBT (Successor Agency): 6/30/2020 % Applicable (1) Debt 6/30/18 2014 Tax Allocation Refunding Bonds, Series A $ 67,245,000 100.000%$ 67,245,000 2014 Tax Allocation Refunding Bonds, Series B 9,730,000 100.000% 9,730,000 TOTAL OVERLAPPING TAX INCREMENT DEBT 76,975,000

DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT: Alameda County $ 218,000,000 1.929%$ 4,205,220 Bay Area Rapid Transit District 1,282,740,000 0.744% 9,543,586 Peralta Community College District 463,450,000 5.380% 24,933,610 Emery Unified School District 86,738,472 100.000% 86,738,472 Oakland Unified School District 1,023,225,000 0.001% 10,232 City of Emeryville 1915 Act Bonds 1,000,000 100.000% 1,000,000 East Bay Regional Park District 155,835,000 1.186% 1,848,203 TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT $ 128,279,323

DIRECT AND OVERLAPPING TAX AND ASSESSMENT AND TAX INCREMENT DEBT $ 205,254,323

DIRECT AND OVERLAPPING GENERAL FUND DEBT: Alameda County General Fund Obligations $ 830,130,500 1.929%$ 16,013,217 Alameda County Pension Obligation Bonds 11,655,000 2.288% 266,666 Alameda-Contra Costa Transit District Certificates of Participation 140,396,395 5.380% 7,553,326 Oakland Unified School District Certificates of Participation 19,560,000 0.001% 196 City of Emeryville General Fund Obligations - 2013A Lease Revenue Bonds 2,583,500 100.000% 2,583,500 TOTAL OVERLAPPING GENERAL FUND DEBT $ 26,416,905

TOTAL DIRECT DEBT $ 2,583,500 TOTAL OVERLAPPING DEBT $ 229,087,728

COMBINED TOTAL DEBT $ 231,671,228 (2)

Notes: 1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

2) Direct and overlapping tax and assessment debt combined with general fund debt and overlapping tax increment debt. Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue bonds and non-bonded capital lease obligations.

Overlapping governments are those that coincide, at least in part, within the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borned 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 burdend borned 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.

Source: Avenu Insights & Analytics

201 City of Emeryville

Statistical Section - Table XIII Legal Debt Margin Information Last Ten Fiscal Years

2011 2012 2013 2014 2015

Total assessed value for fiscal year $ 4,191,313,411 $ 3,913,753,449 $ 4,066,093,020 $ 4,235,304,872 $ 4,451,642,382

Debt limit (15% of assessed value) $ 628,697,012 $ 587,063,017 $ 609,913,953 $ 635,295,731 $ 667,746,357

Total general obligation bonds $ - $ - $ - $ - $ -

Legal debt margin $ 628,697,012 $ 587,063,017 $ 609,913,953 $ 635,295,731 $ 667,746,357

Total net debt applicable to the limit as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00%

Notes: Under state finance law, the city's outstanding general obligation debt should not exceed 15 percent of total assessed property value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.

Source: Department of Finance; County of Alameda Auditor/Controller; MuniServices, LLP; City of Emeryville

202 2016 2017 2018 2019 2020

$ 4,799,994,745 $ 5,137,586,254 $ 5,420,004,072 $ 5,724,253,455 $ 6,127,858,547

$ 719,999,212 $ 770,637,938 $ 813,000,611 $ 858,638,018 $ 919,178,782

$ - $ - $ - $ - $ -

$ 719,999,212 $ 770,637,938 $ 813,000,611 $ 858,638,018 $ 919,178,782

0.00% 0.00% 0.00% 0.00% 0.00%

203 City of Emeryville

Statistical Section - Table XIV Pledged-Revenue Coverage Last Ten Fiscal Years

Public Financing Authority Revenue Bonds

Fiscal Tax Debt Service Year Increment Principal Interest Coverage

2011 37,569,786 5,555,000 8,605,665 2.65 2012 16,341,753 5,780,000 8,358,279 1.16 2013 4,510,321 6,050,000 8,084,187 0 2014 6,277,517 6,330,000 7,793,163 0 2015 9,299,477 6,630,000 7,477,612 1 2016 7,393,808 6,960,000 7,133,806 1 2017 8,453,487 6,090,000 4,841,201 1 2018 - 6,335,000 4,699,019 - 2019 - 6,510,000 4,492,314 - 2020 - 7,060,000 3,895,384 -

Notes: Details regarding the city's outstanding debt can be found in the notes to the financial statements.

Source: City of Emeryville

204 Assessment District Improvement Bonds

Tax Debt Service Assessments Principal Interest Coverage

------

205 City of Emeryville

Statistical Section - Table XV Demographic and Economic Statistics, Last Ten Fiscal Years

Public Per Capita School City Fiscal Personal Personal Median Enrollment Unemployment Year Population (1) Income (2) Income (2) Age (3) Rate (%)(4)

2010-11 10,125 499,932,000 49,376 33.9 778 7.3% 2011-12 10,200 534,469,800 52,399 34.4 721 6.1% 2012-13 10,269 547,248,976 53,291 35.0 751 6.4% 2013-14 10,491 550,001,166 52,426 34.9 726 4.1% 2014-15 10,570 526,550,469 49,816 36.0 695 2.9% 2015-16 11,721 634,351,538 54,121 35.1 698 3.0% 2016-17 11,854 672,427,278 56,726 35.8 687 2.7% 2017-18 11,994 723,657,990 60,335 35.5 690 2.6% 2018-19 11,885 756,366,986 63,640 35.3 743 2.1% 2019-20 12,298 814,004,866 66,190 35.3 721 9.8%

Population 15,000

10,000

5,000

0 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20

City Unemployment Rate 15.0%

10.0%

5.0%

0.0% 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20

Notes: The California Department of Finance demographics estimates now incorporate 2010 Census counts as the benchmark. 1.) Population Projections are provided by the California Department of Finance Projections. 2.) Income Data is provided by the United States Census Data and is adjusted for inflation. 3.) Student Enrollment reflects the total number of students enrolled in the Emery Unified School District. Other school districts within the City are not accounted for in this statistic. 4.) Unemployment and Total Employment Data are provided by the EDD's Bureau of Labor Statistics Department.

Source: Avenu Insights & Analytics, U.S. Census Bureau, 2010 American Community Survey.

206 City of Emeryville

Statistical Section - Table XVI Principal Employers Current Year and Nine Years Ago

2019-20 2010-11 Percentage of Total City Number of Number of Employer Employees Rank Employment Employees Pixar Animation Studios 1,285 1 18.90% 1,275 Grifols Diagnostic Solutions*** 600 2 8.82% Amyris Inc 561 3 8.25% 336 AC Transit ‡ 560 4 8.24% 526 Clif Bar & CO 440 5 6.47% IKEA 386 6 5.68% 330 Grocery Outlet Headquarters 326 7 4.79% Peet's Coffee & Tea Inc. 240 8 3.53% Adobe Inc** 239 9 3.51% Virtuity Headquarters 200 10 2.94% Novartis Corp* 840 Bayer Healthcare Pharmaceuticals 499 Oaks Card Club 6 0.00% 416 Leapfrog 318 Ex'pression Center for New Media 229 Mobtiv Inc. 223 Total Principal Employers 4,837 71.13% 4,992

Total Labor Force (1) 6,800

Notes: Results based on direct correspondence with city’s local businesses. *Novartis sold a major division of the company to Grifols in 2014 **Formerly TubeMogal Inc ***Includes only Full-time employees (1) Total City Labor Force provided by EDD Labor Force Data

Source: Avenu Insights & Analytics

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208 City of Emeryville

Statistical Section - Table XVII Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

City Manager/City Clerk 4.2 4.2 4.2 4.2 5.0 5.0 6.0 6.0 5.0 5.0 Information Systems 3.0 3.0 3.0 3.0 4.0 4.0 4.0 4.0 4.0 4.0 City Attorney 3.0 3.0 2.0 2.0 2.0 2.0 3.0 2.0 2.0 2.0 Finance 8.0 8.0 7.0 7.0 7.5 7.5 7.8 6.8 6.8 6.8 Human Resources 3.7 3.7 3.7 3.7 4.5 4.5 5.2 5.2 4.2 4.7 Community Development Planning and Building 10.0 10.0 10.3 10.0 10.0 10.0 10.0 10.0 10.0 12.5 Economic Development and Housing 7.5 7.5 4.0 4.0 4.0 4.0 5.0 5.0 5.0 6.0 Public Works 15.2 15.2 14.9 14.9 17.0 17.0 20.0 18.5 20.0 21.5 Police Department Sworn 38.0 38.0 38.0 38.0 38.0 38.0 42.0 41.0 41.0 41.0 Unsworn 17.0 17.0 17.0 17.0 16.0 16.0 17.0 17.0 17.0 19.0 Fire Sworn 26.0 26.0 ------Unsworn 1.0 1.0 ------Community Services Administration 5.1 5.1 6.2 6.2 5.4 5.7 2.0 2.0 2.0 1.0 Youth & Adult Services 16.9 16.9 15.8 15.8 16.0 16.0 9.0 8.0 7.0 34.3 Child Development Center 23.8 23.8 25.9 25.9 24.8 24.8 25.0 24.0 24.0 23.6

Total 182.4 182.4 152.0 151.7 154.2 154.5 156.0 149.5 148.0 181.4

Notes: A full-time employee is scheduled to work 1,820 hours per year (including vacation and sick leave). Full-time-equivalent employment is calculated by dividing total labor hours by 1,820.

Source: City of Emeryville Two Year Operating Budget; Fiscal Years 2019-2020

209 City of Emeryville

Statistical Section - Table XVIII Operating Indicators by Function/Program Last Ten Fiscal Years

2011 2012 2013 2014 Function/Program

General government Commercial Construction permits issued 708 707 735 673 Value $ 65,826,514 $ 36,453,322 $ 34,830,959 $ 30,374,969 Residential Construction number of dwelling units 6 82 359 - Value $ 18,986,497 $ 24,406,053 $ 90,515,346 $ 8,854,994 Police Physical arrests 931 966 834 1,069 Traffic collisions 279 300 274 334 Citations 4,595 4,248 3,519 5,525 Investigations 7,066 7,704 7,883 8,700 Total responses 38,447 34,494 36,452 42,535 Fire Fire Responses 25 59 45 54 Medical Responses 1,283 1,300 1,329 1,248 Total Emergency Responses 1,729 1,825 1,863 1,841 Community Services Child Development Program (enrollment in 12 month period) 1,108 1,175 1,034 994

Source: Various city departments.

210 2015 2016 2017 2018 2019 2020

820 889 835 136 89 140 $ 109,305,225 $ 121,865,050 $ 115,200,224 $ 104,465,013 $ 68,031,991 94,671,085

206 2 313 73 72 507 $ 56,657,643 $ 8,262,777 $ 113,670,075 $ 29,233,329 $ 9,664,486 202,487,180

1,240 1,104 718 820 796 609 308 272 210 263 319 307 5,625 4,450 1,360 3,812 1,739 1,404 6,721 7,065 5,782 6,523 4,658 1,200 37,710 33,738 29,130 33,526 30,271 31,888

55 58 73 17 24 17 1,554 1,701 1,584 1,734 1,068 1,879 2,221 2,458 2,389 2,356 2,461 1,856

1,034 921 897 951 834 707

211 City of Emeryville

Statistical Section - Table XIX Capital Asset Statistics by Function/Program Last Ten Fiscal Years

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Function/Program

Police Stations 1 1 1 1 1 1 1 1 1 1 1 Police vehicles, including motorcycles 27 29 29 29 29 29 32 34 34 32 32

Fire stations 2 2 2 2 2 2 2 2 2 2 2

Public Works and Housing 19 19 19 19 19 19 19 19 19 19 19 Streetlights 1,563 1,563 1,563 Traffic controllers 25 25 25 Miles of Sewer Lines 15 15 15 15 15 15 15 15 15 15 15

Parks and Community Facilities Parks 9 9 12 12 12 12 12 12 12 12 12 Acreage 16.0 16.0 21.4 21.4 21.4 21.4 21.4 21.4 21.4 21.4 21.4 Senior Center 1 1 1 1 1 1 1 1 1 1 1 Child Development Center 1 1 1 1 1 1 1 1 1 1 1 Recreation Center 1 1 1 1 1 1 1 1 1 1 1

Source: Various city departments.

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