CAFR 2015

CAFR 2014

CAFR 2013

CAFR 2012

CAFR 2011

Alameda City Pensions Explained

Long Range Financial 2009-2019

 

City of Alameda

Comprehensive Annual Finance Reports

Each year the Comprehensive Annual Financial Report (CAFR) is produced. This report contains a significant amount of information about the city of Alameda both financial and quality of life indicators. The CAFR is required format for reporting for cities. In order to best understand how Alameda's taxpayer monies are being spent the city budget documents contained a more detailed listing of activity. The City began uses a biennial budget cycle, rather than just one year budget cycle. As a result, the city provides a more comprehensive analysis of budgeting activities. In June, 2016 the City presented a Mid Cycle Update to the biennial budget adopted in 2015. For an analysis of the Mid Cycle Update go here.

2015 CAFR Highlights (Fiscal Year Ending June 30, 2015)

City Council and Mayor: Trish Herrera Spencer, Frank Matarrese, Tony Daysog, Marilyn Ezzy Ashcraft and Jim Oddie

City Manager: Elizabeth Warmerdam (Interim)

Auditing Firm: Vavrinenk, Trine, Day & Co., LLP

Net Assets: $297 million (-$114,862 million unrestricted) The decrease in net position is primarily due to $166 million in pension liabilities recorded for the first time as a result of GASB 68 and 71 implementation offset with the $44 million increase resulting from the reporting AMP as enterprise fund.
 

General Fund fund balance: $36 million ($30. million unrestricted)

Key Capital Improvement Projects:

  • Emergency Operations Center/Fire Station #3 ($8.0 million)
  • Cyclic Sewer Repair ($4 million) # Sewer Pump Station Upgrades ($2.8 million)
  • Street Pavement Management Program ($3.3 million)
  • Estuary Park Improvements ($1.4 million)
  • Cross Alameda Trail ($991,000)
  • Sidewalk Repair Program ($667,000)
  • Urban Forrest Management ($564,000)
  • South Shore Lagoon Maintenance ($103,000)
     

Outstanding Debt: $86 million

Economic Outlook:

New agreed upon salary increases for all employees with projected increases of 4.36% in 2016, 3.5% in 2017 and 3.5% in 2018.

2014 CAFR Highlights (Fiscal Year Ending June 30, 2014)

City Council and Mayor: Marie Gilmore, Marilyn Ezzy Ashcraft, Stewart Chen, Tony Daysog, Lena Tam

City Manager: John Russo

Auditing Firm: Maze & Associates

Net Assets: $402 million ($20.0 million unrestricted)

General Fund fund balance: $31 million ($29.0 million unrestricted)

Key Capital Improvement Projects:

  • Cyclic Sewer Repair ($2.3 million)
  • Sewer Pump Station Upgrades ($1.98 million)
  • Street Pavement Management Program ($3.1 million)
  • Sidewalk Repair Program ($525,400)  Shoreline / Westline Drive Bikeway Design ($66,000)
  • Chuck Corica Golf Course Renovation ($70,000)
  • Emergency Operations/Fire Station 3 Design ($182,600)
  • City-wide Tree Pruning ($602,000)
  • Estuary Park Field Design ($50,000)
  • McKinley Park Building Renovations ($48,000)

Outstanding Debt: $60 million (Restated in 2015 due inclusion of AMP Fund to $89 million)

Economic Outlook: Post retirement health benefits projected liability at $91 million

2013 CAFR Highlights (Fiscal Year Ending June 30, 2013)

City Council and Mayor: Marie Gilmore, Marilyn Ezzy Ashcraft, Stewart Chen, Tony Daysog, Lena Tam

City Manager: John Russo

Auditing Firm: Maze & Associates

Net Assets: $389 million ($28 million unrestricted)

General Fund fund balance: $23.0 million ($21.0 million unrestricted)

Key Capital Improvement Projects:

  • Cyclic Sewer Repair ($4,875,000)
  • Sewer Pump Station Upgrades ($2,100,000)
  • Street Pavement Management Program ($3,137,000)
  • Sidewalk Repair Program ($867,000) 
  • Shoreline / Westline Drive Bikeway Construction ($972,000)
  • Chuck Corica Golf Course Renovation ($1,000,000)
  • Emergency Operations/Fire Station 3 Design ($600,000)
  • Southshore Lagoon Dredging ($525,000)
  • Marina Village Park Renovation ($581,000)

Outstanding Debt: $60 million  (The City issued $15 million of Sewer Revenue bonds to fund infrastructure improvements to its sewer system.)

Economic Outlook: Post retirement health benefits projected liability at $91 million, CALPERS new regulations will impact future budgets

2012 CAFR Highlights (Fiscal Year Ending June 30, 2012)

City Council and Mayor: Marie Gilmore, Rob Bonta, Doug deHaan, Beverly Johnson and Lena Tam

City Manager: John Russo

Auditing Firm: Maze & Associates

Net Assets: $387 Million ($36 million unrestricted)

General Fund fund balance: $23.0 million ($20.0 million unrestricted)

Major Initiatives and Projects:

  • Continue to improve the availability of records and information on the City's website and in electronic format. 
  • Work cooperatively with the Alameda Unified School District (AUSD) to evaluate and develop a long-term plan to upgrade swim centers. 
  • Complete negotiation and implementation of a long-term agreement for the operation and maintenance of the Chuck Corica Golf Complex.       
  • Develop solutions to enhance emergency medical service delivery within the city.   In
  • Increase efforts in traffic enforcement to reduce the number of pedestrian-related accidents.

Outstanding Debt:  $48 million (The City’s total debt decreased $74 million during FY11-12 due to the transfer of the former CIC long term debt to the Successor Agency.)

Economic Factors: Employee agreements reached with most employee groups, post retirement health benefits projected liability at $86 million, City receives final conveyance of Alameda Point property, State legislation will dissolve the redevelopment agency, new operating lease for the golf course

2011 CAFR Highlights (Fiscal Year Ending June 30, 2011)

City Council and Mayor: Marie Gilmore, Rob Bonta, Doug deHaan, Beverly Johnson and Lena Tam

City Manager: John Russo

Auditing Firm: Maze & Associates

Net Assets: $334 Million ($39 million unrestricted)

General Fund fund balance: $22.7 million ($16.7 million unreserved, unrestricted)

Major Initiatives and Projects:

  • Continue to focus on the redevelopment of Alameda Point. 
  • Implement a revised cost allocation and fee study. 
  • Work to transition the Chuck Corica Golf Complex from a City operated facility to a facility operating under a long-term lease with a private golf management company. 
  • Conduct and complete negotiations for fiscally responsible successor agreements with labor organizations whose contracts have or will soon expire. 
  • Implement a number of facility improvements through the use of Measure WW Bond Act funds.      
  • Provide funding and technical assistance through the Commercial Façade Assistance Program to approximately 20 businesses to revitalize the City’s historic commercial districts.  
  • Develop solutions to enhance emergency medical service delivery within the city.  
  • Increase efforts in traffic enforcement to reduce the number of pedestrian-related accidents.

Outstanding Debt: $122 million ($74.3 tax allocation bonds $12.5 million Certificate of Participation and $9.4 million General Obligation Bonds)

Economic Factors: Employee agreements to expire December, 2011, post retirement health benefits projected liability at $86 million

2016 Mid Cycle Budget Update Highlights (Fiscal Year Ending June 30, 2016)

Still reviewing the document. Analysis to come by July 20, 2016.

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Last modified: July, 2016

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