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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 10: Net Position/Fund Balances (Continued)
<br />
<br />The City has earmarked a portion of the unassigned fund balance to meet the City’s
<br />operating reserve policy. In November of 2016, the City Council adopted the policy
<br />that requires the General Fund to maintain minimum reserves equal to 20 percent of
<br />operating expenses and target reserves equal to 25 percent of operating expenses. The
<br />City’s objective is to utilize General Fund operating reserves to cover revenue shortfalls
<br />that would likely occur after a natural disaster. The target level of reserves equal
<br />three months of operating expenses that will ensure the City can continue to make payroll
<br />and cover other operating expenses while the City recovers from the event.
<br />
<br />As of June 30, 2022, fund balances are composed of the following:
<br />
<br />General Fund
<br />Lower Income
<br />Housing Fund
<br />Miscellaneous
<br />Capital
<br />Improvement
<br />Programs Fund
<br />Non-Major
<br />Governmental
<br />Funds Total
<br />Nonspendable:
<br />Notes Receivable, Advances to Other Funds 515,007$ -$ -$ -$ 515,007$
<br />Total Nonspendable 515,007 - - - 515,007
<br />Restricted:
<br />Accessibility Programs - - - 83,711 83,711
<br />Assessment District Construction - - - 1,145,413 1,145,413
<br />Asset Forfeiture - - - 27,258 27,258
<br />Budgeted Developer Projects - - - 7,082,431 7,082,431
<br />Business Support Program - - - 1,556,164 1,556,164
<br />Community Access Television - - - 1,719,735 1,719,735
<br />CIP for Downtown & North Pleasanton - - - 3,127,752 3,127,752
<br />Geological Hazard Assessment Districts - - - 1,352,364 1,352,364
<br />Grants - - - 930,261 930,261
<br />Housing - 11,845,474 - - 11,845,474
<br />Johnson Drive Economic Development Zone - - - 521,461 521,461
<br />Landscape and Lighting Districts - - - 387,436 387,436
<br />Landscape Maintenance NPID - - - 1,012,943 1,012,943
<br />Library Trust - - - 59,325 59,325
<br />Marilyn Kane Trail Reserve - - - 110,698 110,698
<br />Miscellaneous Donations/Developer Contributions - - - 829,835 829,835
<br />Park Development - - - 9,577,545 9,577,545
<br />PARS Section 115 Pension Trust 17,625,110 - - - 17,625,110
<br />Public Facilities Capital Improvements - - - 712,765 712,765
<br />Public Safety - - - 130,292 130,292
<br />Resource Management - - - 950,227 950,227
<br />Street Maintenance - - - 12,708,362 12,708,362
<br />Traffic Impact - - - 9,196,392 9,196,392
<br />Tri-Valley Transportation - - - 2,086,051 2,086,051
<br />Various Specific Plans - - - 814,047 814,047
<br />Total Restricted 17,625,110 11,845,474 - 56,122,468 85,593,052
<br />Committed
<br />COVID Response and Recovery Reserve 399,150 - - - 399,150
<br />Crisis Response Program Reserve 800,000 - - - 800,000
<br />Mobile Outreach Vehicle Reserve 280,000 - - - 280,000
<br />General Reserve 10,133,312 - - - 10,133,312
<br />Total Committed 11,612,462 - - - 11,612,462
<br />Assigned:
<br />Capital Projects - - 25,866,767 10,830,180 36,696,947
<br />Other Purposes - - - 710,882 710,882
<br />Total Assigned - - 25,866,767 11,541,062 37,407,829
<br />Unassigned:
<br />Total Unassigned 22,411,988 - - - 22,411,988
<br />Total Fund Balances 52,164,567$ 11,845,474$ 25,866,767$ 67,663,530$ 157,540,338$
<br />GASB 54 Fund Balances:
<br />
<br />93
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