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1/2/2025 <br />15 <br />Ranking of Local Government Financial Health by State Auditor <br />•The State Auditor’s Office monitored cities’ financial health for fiscal years <br />2016/17 through 2020/21 based on the Annual Comprehensive Financial <br />Reports (ACFR) <br />•Ranking criteria: <br />o Financial Reserve: Does the city have sufficient financial reserves to cover <br />unexpected costs or shortfalls in revenue? <br />o Debt Burden: How is the city’s level of debt compared to its income? <br />o Cash Position/Liquidity: Is the city able to pay its bills in the coming fiscal year? <br />o Revenue Trends: Is the city’s revenue going down over time? <br />o Retirement Obligations: Does the city have the ability to pay for retirement <br />benefits it committed to its employees? <br />29 <br />Ranking of Tri-Valley City Financial Health <br />30 <br />•Lower ranking means higher financial risk <br />•The City’s financial conditions deteriorating for nearly a decade <br />•Ranking went from 150th for FY 2017/18 to 61st for FY 2020/21, or from the <br />bottom 32% of California cities to the bottom 14% <br />•Pleasanton is a full-service city <br />Fiscal <br />Year Pleasanton Danville Dublin Livermore San Ramon <br />Number of <br />Cities Ranked <br />FY 16/17 145 428 461 258 231 470+ <br />FY 17/18 150 428 470 269 133 470+ <br />FY 18/19 130 436 471 240 221 470+ <br />FY 19/20 86 411 458 248 199 460+ <br />FY 20/21 61 428 412 203 139 430+ <br />Overall Rank <br />29 <br />30 <br />Page 99 of 109