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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 9: Investment in Joint Ventures and Membership in Insurance Pool (Continued) <br /> <br />e. Livermore-Amador Valley Transit Authority <br /> <br />The Livermore-Amador Valley Transit Authority (LAVTA) was formed in 1985 by <br />a joint exercise of powers agreement between the County of Alameda and the cities of <br />Dublin, Livermore and Pleasanton to provide transportation services within the cities’ <br />limits and portions of the unincorporated County. LAVTA operates under the name <br />“Wheels.” Financial statements for LAVTA may be obtained from LAVTA, <br />1362 Rutan Court, Suite 100, Livermore, California 94551. <br /> <br />f. Tri-Valley Transportation Council <br /> <br />The Tri-Valley Transportation Council (TVTC) was formed in 1991 by a joint exercise of <br />powers agreement between the cities of Dublin, Livermore, Pleasanton and San Ramon, <br />the Town of Danville and the Counties of Alameda and Contra Costa for the purposes of <br />preparing a transportation plan and providing transportation facilities within the Tri-Valley <br />area. Financial statements for TVTC may be obtained from the City of Dublin, Attn: TVTC <br />Administrator, 100 Civic Plaza, Dublin, CA 94568. <br /> <br />g. Livermore-Pleasanton Fire Department <br /> <br />On December 3, 1996, the cities of Pleasanton and Livermore signed a Joint Powers <br />Agreement (JPA) to form a joint fire department, Livermore-Pleasanton <br />Fire Department (LPFD), covering both cities. On February 12, 2018, the cities signed <br />an amended and restated JPA that, among other things, reinforced the joint obligation to <br />fund retirement benefits including unfunded liabilities. Fire protection services are <br />provided by the City of Pleasanton employees under the joint power agreement. The <br />LPFD prepares its budget, including contributions required from each City, to fund <br />operating and capital needs for the year. In January 2013, the City of Livermore began <br />functioning as Treasurer for LPFD. The City of Pleasanton’s share of LPFD’s costs is <br />approximately 50 percent. The City accounts for its investment in LPFD by the equity <br />method in the Governmental Activities in the Statement of Net Position. During the year <br />ended June 30, 2022, the City contributed $22,746,601 to LPFD representing its share <br />of costs. The City’s estimated equity/(deficit) interest in LPFD was ($44,214,835) as of <br />June 30, 2021. <br />89