City of Yuba City California
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CITY OF YUBA CITY CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2015 CITY OF YUBA CITY Finance Department Robin Bertagna, CPA Finance Director About the Cover The Sutter Buttes The Sutter Buttes range formed between 1.4 and 1.6 million years ago as a cluster of plug-dome volcanoes that pushed through thousands of feet of Sierra Nevada and Coast Range sedimentary rock in the very center of the Great Central Valley of California, about 50 miles north of Sacramento. California tribes still consider this unique landform sacred as they had for thousands of years before European emigrants began using the mountains in the middle of the valley for grazing sheep and eventually cattle and horses. Today, the Sutter Buttes remain the largest contiguous wildlife habitat of the Great Central Valley where flora and fauna flourish on around 75,000 acres of privately held and operated land. The only public access is through limited, guided tours helping to keep this gem pristine and wild enough to be featured in a permanent exhibit at the Oakland Museum of California’s Gallery of California Natural Sciences. Yuba City’s economy is driven by agriculture and we relish the open space and connection to nature, the land, and our food supply. Yet, word is beginning to spread that our region is a pretty fun place to play, as well. The Sutter Buttes have the largest physical presence of all of our recreational areas with around 45 miles of roads for sightseeing, motoring, and cycling. The wildlife viewing in the region is also spectacular as the city lies in the middle of the Pacific Flyway, bringing millions of waterfowl to the area each year. This is also a big draw for hunters, and the same waterways that bring the birds in winter, bring striped bass and salmon fishermen from across the states in the spring and fall. Cover Graphics by: SCOTT HANSEN Cover Photograph by: GREG ERWIN CITY OF YUBA CITY TABLE OF CONTENTS For the Fiscal Year Ended June 30, 2015 INTRODUCTORY SECTION Letter of Transmittal ..................................................................................................................................................... i City Officials............................................................................................................................................................... ix City Organization Chart ............................................................................................................................................... x GFOA Certificate of Achievement for Excellence in Financial Reporting ................................................................. xi FINANCIAL SECTION Independent Auditor’s Report ..................................................................................................................................... 1 Management’s Discussion and Analysis ...................................................................................................................... 4 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................................... 19 Statement of Activities ................................................................................................................................... 20 Fund Financial Statements: Governmental Funds: Balance Sheet ............................................................................................................................................ 22 Reconciliation of the Governmental Funds – Balance Sheet to the Statement of Net Position ................. 25 Statement of Revenues, Expenditures, and Changes in Fund Balances..................................................... 26 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................................................... 28 Proprietary Funds: Statement of Net Position .......................................................................................................................... 29 Statement of Revenues, Expenses, and Change in Fund Net Position ....................................................... 31 Statement of Cash Flows .......................................................................................................................... 32 Fiduciary Funds: Statement of Net Position .......................................................................................................................... 35 Statement of Changes in Net Position ....................................................................................................... 36 Notes to Basic Financial Statements.................................................................................................................... 37 Required Supplementary Information: Schedule of Funding Progress- Other Postemployment Benefits ........................................................................ 86 Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan ............................. 87 Schedule of Contributions – Miscellaneous Plan ................................................................................................ 88 Schedule of the City’s Proportionate Share of the Net Pension Liability – Public Safety Plan ........................... 89 Schedule of Contributions – Public Safety Plan .................................................................................................. 90 Notes to Required Supplementary Information – Budgetary Basis of Accounting .............................................. 91 CITY OF YUBA CITY TABLE OF CONTENTS For the Fiscal Year Ended June 30, 2015 FINANCIAL SECTION (Continued) Required Supplementary Information (Continued): Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – General Fund ...... 93 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – HOME Grant Special Revenue Fund ........................................................................................................ 96 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Streets and Roads Special Revenue Fund .................................................................................................. 97 Other Supplemental Information: Combining and Individual Fund Statements and Schedules: Nonmajor Governmental Funds: Combining Balance Sheet ............................................................................................................................ 102 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ..................................... 106 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual: Traffic Safety Special Revenue Fund .............................................................................................. 110 Law Enforcement Services Special Revenue Fund ......................................................................... 111 Landscape Districts Special Revenue Fund ..................................................................................... 112 Recology Rate Stabilization Special Revenue Fund ........................................................................ 113 CDBG Grant Special Revenue Fund ............................................................................................... 114 CDBG Program Income Special Revenue Fund.............................................................................. 115 Miscellaneous Lighting Districts Special Revenue Fund ................................................................ 116 TDA/LTF Special Revenue Fund.................................................................................................... 117 CAL-HOME Grant Special Revenue Fund ..................................................................................... 118 Fire Mitigation Fees Special Revenue Fund .................................................................................... 119 Harter Specific Plan Special Revenue Fund .................................................................................... 120 Neighborhood Stabilization Grant Program Special Revenue Fund ................................................ 121 DOE Energy Conservation Grant Special Revenue Fund ............................................................... 122 Internal Service Funds: Combining Statement of Net Position .......................................................................................................... 124 Combining Statement of Revenues, Expenses, and Change in Net Position ................................................ 126 Combining Statement of Cash Flows ........................................................................................................... 128 Fiduciary Funds Private-Purpose Trust Funds: Combining Statement of Net Position .................................................................................................... 132 Combining Statement of Changes in Net Position ................................................................................. 133 CITY OF YUBA CITY TABLE OF CONTENTS For the Fiscal Year Ended June 30, 2015 FINANCIAL SECTION (Continued) Other Supplemental Information (Continued): Combining and Individual Fund