HomeMy WebLinkAbout110921-04.1June 30, 2021 June 30, 2020
TOTAL PRE-AUDIT FUND BALANCE AT 6/30/21 34,535,724$ 26,574,948$
Adjust for unrealized market value reported per GASB 31 requirement (1,050,668)$ (714,200)$
FUND BALANCE without UNREALIZED MARKET value 33,485,056$ 25,860,748$
Less Reserves/Designations Against Fund Balance for:
Operating Reserve 12,309,768$ 12,309,768$
Receivable from CDA 5,059,401$ 6,159,401$
Compensated Absences/Personnel 1,195,339$ 1,195,339$
Reserved for Debt Service 809,518$ 815,484$
Contingency 348,446$ 516,446$
Encumbrances 907,310$ 443,012$
COVID Reserved 3,392,641$
115 Hartz Ave - proceeds of asset sale & rental 253,904$ 108,745$
500 La Gonda Way rental 1,112,509$ 409,912$
Reward Fund 10,000$ 10,000$
Total Reserves/Designations Against Fund Balance 25,398,836$ 21,968,107$
CURRENT UNRESERVED/UNDESIGNATED FUND BALANCE AT 6/30/21 8,086,220$ 3,892,641$
Less funds recommended to be designated
CIP - General Purpose 6,100,000$ 250,000$
Operating Reserve 1,500,000$ -$
Contingency 486,220$ 250,000$
COVID Reserved -$ 3,392,641$
RECOMMENDED UNRESERVED/UNDESIGNATED FUND BALANCE AT 6/30/21 -$ -$
TOWN OF DANVILLE
FUND BALANCE OPTIONS
June 30, 2021
CIP - General Purpose -$ -$
Operating Reserve -$ -$
Contingency -$ -$
COVID Reserve Fund -$ -$
Optional Use of Recommended Available Fund Balance at 6/30/21 0 0
ATTACHMENT A
TOWN OF DANVILLE
Presented to Finance Committee on 10/19/21
GENERAL FUND BALANCE ANALYSIS
AS OF JUNE 30, 2021
TOWN OF DANVILLE, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
TOWN COUNCIL
Renee Morgan, Mayor
Newell Arnerich, Vice Mayor
David Fong, Councilmember
Karen Stepper Councilmember
Robert Storer, Councilmember
TOWN STAFF
Joseph A. Calabrigo, Town Manager
Lani Ha, Finance Director/Treasurer
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TOWN OF DANVILLE, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2021
TOWN COUNCIL
Renee Morgan, Mayor
Newell Arnerich, Vice Mayor
David Fong, Councilmember
Karen Stepper, Councilmember
Robert Storer, Councilmember
TOWN MANAGER
Joseph A. Calabrigo
Prepared by the
Finance Division
Lani Ha, Finance Director/Treasurer
Danville, CA
(Cover Photo - by Engineering Division)
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Town of Danville
Comprehensive Annual Financial Report
For the Year Ended June 30, 2021
Table of Contents
Page
INTRODUCTORY SECTION (Unaudited)
Letter of Transmittal .......................................................................................................................................................... i
Organizational Chart ...................................................................................................................................................... xii
Directory of Public Officials ........................................................................................................................................ xiii
Certificate of Achievement for Excellence in Financial Reporting –
Government Finance Officers Association ................................................................................................................ xiv
Statement of Purpose ...................................................................................................................................................... xv
FINANCIAL SECTION
Independent Auditors’ Reports:
Report on Financial Statements .............................................................................................................................. 1
Report on Internal Control Over Financial Reporting and on Compliance and
Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards ............................................................................................. 5
Management’s Discussion and Analysis (Required Supplementary Information) (Unaudited) ............................. 7
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position ........................................................................................................................... 20
Statement of Activities ................................................................................................................................ 21
Fund Financial Statements:
Governmental Fund Financial Statements:
Balance Sheet ............................................................................................................................................. 28
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position ............................................................................. 31
Statement of Revenues, Expenditures and Changes in Fund Balances ....................................................... 32
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Government-Wide
Statement of Activities ......................................................................................................................... 34
Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Position ............................................................................................................ 38
Statement of Changes in Fiduciary Net Position ......................................................................................... 39
Index to Notes to the Basic Financial Statements .................................................................................................... 42
Notes to the Basic Financial Statements................................................................................................................... 43
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Town of Danville
Comprehensive Annual Financial Report
For the Year Ended June 30, 2021
Table of Contents (Continued)
Page
FINANCIAL SECTION (Continued)
Required Supplementary Information (Unaudited):
Budgetary Information ............................................................................................................................................. 72
Budgetary Comparison Schedules:
General Fund ............................................................................................................................................... 73
Lighting and Landscaping Special Revenue Fund ...................................................................................... 74
Regional Traffic Impact Fees Special Revenue Fund ................................................................................. 75
Modified Approach for Town Street Infrastructure Capital Assets .......................................................................... 76
Supplemental Information:
Non-Major Governmental Funds:
Combining Balance Sheet .................................................................................................................................. 85
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances ............................................ 91
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual:
PEG Special Revenue Fund......................................................................................................................... 96
Gas Tax Special Revenue Fund .................................................................................................................. 97
Building and Planning Special Revenue Fund ............................................................................................ 98
Development Engineering Special Revenue Fund ...................................................................................... 99
Child Care Special Revenue Fund ............................................................................................................. 100
Stormwater Pollution Control Program (SPCP) Special Revenue Fund ................................................... 101
Measure C/J Special Revenue Fund .......................................................................................................... 102
Donations and Contributions Special Revenue Fund ................................................................................ 103
General Development Impact Fees Special Revenue Fund ....................................................................... 104
Public Safety Special Revenue Fund ......................................................................................................... 105
Old Town Parking In-Lieu Special Revenue Fund ................................................................................... 106
Solid Waste Vehicle Impact Fee Special Revenue Fund .......................................................................... 107
Low and Moderate Income Housing Special Revenue Fund .................................................................... 108
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Town of Danville
Comprehensive Annual Financial Report
For the Year Ended June 30, 2021
Table of Contents (Continued)
Page
STATISTICAL SECTION (Unaudited)
Financial Trends:
Net Position by Component ............................................................................................................................... 110
Changes in Net Position ..................................................................................................................................... 112
Governmental Activities Tax Revenues by Source ............................................................................................ 117
Fund Balances of Governmental Funds ............................................................................................................. 118
Changes in Fund Balances of Governmental Funds .......................................................................................... 120
Revenue Capacity
Assessed Value ................................................................................................................................................... 123
Direct and Overlapping Property Tax Rates ....................................................................................................... 124
Property Tax Levies and Collections ................................................................................................................. 125
Debt Capacity:
Ratios of Outstanding Debt by Type .................................................................................................................. 126
Ratios of General Bonded Debt Outstanding ...................................................................................................... 127
Direct and Overlapping Governmental Activities Debt ...................................................................................... 128
Principal Property Taxpayers .............................................................................................................................. 129
Legal Debt Margin Information ......................................................................................................................... 130
Pledged-Revenue Coverage ................................................................................................................................ 132
Demographic and Economic Information:
Demographic and Economic Statistics .............................................................................................................. 133
Principal Employers in the Town of Danville .................................................................................................... 134
Operating Information:
Full-Time Equivalent Town Government Employees by Function ................................................................... 135
Operating Indicators by Function ...................................................................................................................... 136
Capital Asset Statistics by Function.................................................................................................................... 137
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INTRODUCTORY SECTION
(Unaudited)
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“Small Town Atmosphere
Outstanding Quality of Life”
5 1 0 L A G O N D A W A Y , D A N V I L L E , C A L I F O R N I A 9 4 5 2 6
Administration Building Engineering & Planning Transportation Maintenance Police Parks and Recreation
(925) 314-3388 (925) 314-3330 (925) 314-3310 (925) 314-3320 (925) 314-3450 (925) 314-3700 (925) 314-3400
November 9, 2021
Mayor and Town Council
Town of Danville
Subject: Fiscal Year 2020/21 Annual Comprehensive Financial Report
The Annual Comprehensive Annual Financial Report (ACFR) of the Town of Danville for
the fiscal year (FY) ended June 30, 2021, is submitted in compliance with laws of the State of
California and as prescribed by the Government Accounting Standards Board (GASB)
Statement 34. This report was prepared by the Town of Danville Finance Department, and
the responsibility for the accuracy of the data and the completeness and fairness of the
presentation, including all disclosures, rests with the Town. To the best of our knowledge,
the data included in the report is accurate in all material respects and is reported in a manner
designed to present fairly the financial position and results of operations of the various
funds of the Town. All disclosures necessary to enable the reader to gain an understanding
of the Town's financial activities have been included.
The ACFR represents the culmination of all budgeting and accounting activities of the Town
during FY 2020/21.
GENERAL INFORMATION ABOUT THE TOWN OF DANVILLE
Incorporated in 1982, Danville is located in Contra Costa County, approximately 30 miles
east of San Francisco and lies in the center of the San Ramon Valley. The Town comprises
18.5 square miles and has 43,906 residents.
Danville began as a small rural village during the 1850s. The first post office was established
in 1860. Although the Town is suburban, it still retains its small-town character. Older well-
maintained neighborhoods coexist with new subdivisions and their modern amenities. The
community enjoys natural creeks, hiking and biking trails, and dedicated open space. Mt.
Diablo, at an elevation of 3,849 feet, rises to the east and Las Trampas Regional Wilderness,
elevation 2,049 feet, creates the Town's western boundary.
Danville's primary commercial district lies in the center of the community and offers
resident-serving commercial businesses, boutique shopping, and fine dining. The Old Town
area is the historical center of the Town. It is a source of pride to our residents and is the
site of many holiday and special events which attract visitors throughout the year from
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around the Bay Area. While Danville has remained residential, neighboring cities have
developed job centers including major commercial and light industrial business parks
located within minutes from the Town.
The Town operates under the Council-Manager form of government and is governed by a
five-member Town Council elected at large and serving staggered four-year terms. Council
elections are held in November of even-numbered years. The Town Manager and the City
Attorney are appointed by the Town Council. The Town Manager appoints all Department
Directors and through them all other employees of the Town.
Areas of service delivery for the Town include General Government, Police Services,
Administrative Services, Development Services, Maintenance Services and Recreation, Arts
and Community Services. The Town contracts with the Contra Costa County Sheriff’s
Office to provide police services. Additional services are provided by other agencies: fire
service by the San Ramon Valley Fire Protection District, water service by the East Bay
Municipal Utility District, wastewater service by the Central Contra Costa Sanitary District,
and primary and secondary education by the San Ramon Valley Unified School District.
The Town also contracts with private companies and individuals to provide portions of its
building inspection and recreation and maintenance services.
REPORTING ENTITY
A preliminary step in preparing the ACFR for the Town was the identification of the
reporting entity. In accordance with Government Accounting Standards Board Statement
No. 14, related governmental entities were evaluated to determine if the Town was
financially accountable for its operations. This report includes all fund types and account
groups of the Town of Danville.
The former Community Development Agency (CDA) of the Town of Danville was dissolved
by AB x1 26 on January 31, 2012. As a result, all assets and debt liabilities of the former CDA
were transferred to a Fiduciary Trust Fund, the Successor Agency (SA) to the former
Community Development Agency of the Town of Danville, in FY 2011/12. On June 27,
2012, cleanup legislation AB 1484 was passed and directed that the Low and Moderate
Income Housing assets be transferred from the SA to the Town. The SA does not meet the
definition of a "component unit," and its financial activities and assets are therefore not
included in the Town’s financial statements. Although the SA is legally a separate entity,
the governing board of the SA has the same membership as the Town Council. The Town
is responsible for day-to-day activities, including the ability to appoint, hire, reassign or
dismiss management. An Oversight Board consisting of seven members was appointed to
the SA for the purpose of overseeing the dissolution and winding down of the CDA. The
Town of Danville Financing Authority (a joint powers authority of the Town of Danville
and the former CDA) is not included as a component unit since it is financially independent.
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ECONOMIC CONDITION AND OUTLOOK
Current Economic Condition
As of June 30, 2021, the Town of Danville's financial condition continues to be sound. An
indicator of the Town’s financial condition is the level of fund balance, reserved and
unreserved, in its Governmental Funds, which include General, Special Revenue, Debt
Service and Capital Projects. The Town has a policy of retaining a minimum of 20% of the
coming year’s operating expenditures as an operating reserve against the General Fund
fund balance. As of June 30, 2021, $13,809,768 or 42.94% is designated for this purpose.
Additional reserves against the General Fund include various future operating costs,
including General Fund purchase order encumbrance carryovers; reserves for Certificate of
Participation debt issued by the Town in 2001 and 2005; a contingency for unforeseen
expenditures; compensated absences/personnel; reward funds to help recover Town
property; a reserve for the receivable for the funds loaned to the former CDA and funds to
be used for maintenance of Town’s rental property. An additional $9,306,773 has been
designated as a transfer to the Capital Improvement Program Project Fund.
The Town’s conservative Investment Policy and practices continue to protect the principal
of the Town’s investment portfolio. The Town’s portfolio is invested in U.S. Treasury bonds;
U.S. Agency bonds; the State of California’s pooled fund; LAIF; and U.S. Corporate Notes
with ratings of AA- or higher.
The total General Fund fund balance of $34,535,724 represents 151.57% of total FY 2020/21
General Fund operating expenditures and 107.40% of operating expenditures from all
funds. Additionally, the Town has $31,474,749 of Special Revenue funds, and $30,013,137
in Capital Projects funds.
The Town’s five largest revenue sources account for 84.19% of all Town revenues. These
include Property Tax providing 40.45% of revenues; Sales Tax providing 15.63%; Other
Taxes and Intergovernmental providing 12.70%; Special Assessments providing 8.49% and
Development Impact Fees providing 6.91% of revenues.
Property Tax increased by $1,185,251 (7.40%) compared to FY 19-20, as assessed values were
increased and the median sales price for a single-family residential home increased.
Revenue trends from the past four years illustrate strong growth in assessed valuation.
December 31, 2015 marked the sunset of the sales tax for property tax swap known as “the
triple flip” that was enacted by the passage of Proposition 57 in 2004.
Charges for Services decreased by $525,609 (26.00%), as Recreation classes and programs
were significantly scaled back . Decreases in Recreation Fees and Charges were somewhat
offset by an increase in Building and Planning fees and Development Engineering fees.
Sales Tax increased by $912,683 (15.90%) largely attributable to a steep increase in on line
sales activity and brick and mortar businesses (restaurant and retail) exceeding expectations
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in weathering the pandemic . Other Taxes and Intergovernmental Fund Revenues increased
a net of $555,602 (11.45%), reflecting the receipt of Coronavirus Local Fiscal Recovery Funds
(CLFRF) and Federal Emergency Management Agency (FEMA) from the federal
government, lower revenues from Gas Tax and Measure J funds and a slight increase in
SPCP Special Assessments. LLAD Special Assessments remained essentially flat.
The increase in Development Fees of $470,754 (19.05%), reflects an increase in the permitting
activity.
Danville’s jobless rate as of June 2021 was 4.7% as compared to 5.9% nationwide, 7.9% in
California, and 6.7% in Contra Costa County.
Outlook for the Future
The Town uses a multi-year financial planning process that includes estimates of future
revenue and operating expenditure growth as well as capital needs to be financed from all
funds over the next 10 years. The annual update of this model, the 2021/22 Operating
Budget and Capital Improvement Program, was completed in May 2021 and adopted on
June 15, 2021. General Fund revenues are projected to increase 9.38% from FY 2020/21 to
FY 2021/22, largely attributable to a 4.79% increase in property tax revenue, 20.98% increase
in sales tax revenue and 11.00% increase in Recreations. Special Purpose revenues are
projected to increase 17.90%, mostly due to an increase in 20.46% in Building and Planning
revenue, an increase in 71.79% in Gas Tax revenue, an increase in 23.23% in Measure J
revenue and an increase in 44.76% in Solid Waste VIF revenue; and slight increase or no
increase in other Special Revenues funds.
Looking forward 10 years, General Purpose revenues are projected to increase 9.38% in FY
2021/22 and an average of 1.84% thereafter. Special Purpose revenues are projected to
increase 17.90% in FY 2021/22, and an average of 1.34% through FY 2030/31.
The 10-year projection includes cost increases that average 2.4% annually, reflecting
anticipated adjustments to service demands as well as changes in the Consumer Price Index.
The Town continues to evaluate the impact of current decisions on the long term fiscal
stability of the Town.
By FY 2023/24, all four zones in the Lighting and Landscape Assessment District will
require General Fund subsidies, or an increase in assessments, in order to maintain current
service levels.
Despite the passage of Senate Bill 1 – The Road Repair and Accountability Act of 2017, which
significantly increased the local streets and roads funds allocated back to Danville, Gas Tax
revenues alone will not support all of the costs associated with maintaining the Town's street
system over the next 10 years. Additional General Purpose and Special Purpose revenue
resources, will continue to be needed to maintain the current Pavement Condition Index
(PCI) and street maintenance service levels.
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Furthermore, the Town’s Capital Improvement Program will continue to require an annual
infusion from the General Fund and other available resources in order to maintain the
Town’s practice of paying cash for capital projects.
The Town’s current funding of service delivery, capital projects, local streets and roads and
long-term fiscal health depends on continued growth of the economy and avoidance of
further negative fiscal actions by the State. The dissolution of the former Community
Development Agency continues to have a major negative impact on the Town by
eliminating a major annual funding source for downtown improvements. While the Town
will be repaid $5.06 million in funds owed by the former Community Development Agency
through annual payments, further action from the State could adversely affect the Town’s
fiscal condition.
Additional financial information on the Town of Danville is provided in The Management
Discussion and Analysis (MD&A). The Transmittal letter and MD&A are intended to
provide complementary information to each other.
MAJOR ACCOMPLISHMENTS AND INITIATIVES
For Fiscal Year 2020/21
Major events took place in the Town during FY 2020/21 that had or will have significant
financial effects on the Town in the years to come. The Town:
1. Received the distinction of “Safest City in California” with a population of 50,000
or less, in 2021, for the fourth year in a row by Safewise, an independent review
website.
2. Developed a series of programs and outreach to support local businesses during
the pandemic, including but not limited to, targeted marketing programs,
developed the online Danville Business Directory, Issued $464,100 towards
Forward Focus Grants , Served 68 businesses through the Business Assistance
Program, Issued 58 Temporary Land Use Permits, erected 12 parklets downtown,
established temporary 10-min curbside pick-up zones, etc.
3. Completed the $12.6 million purchase of an office building at 500 La Gonda Way
and began planning and construction work toward relocating the Danville Town
Offices and Police Department to this new location.
4. Declared a local state of emergency in response to the COVID-19 pandemic which
involved closing public facilities and implementing cost savings measures to
reduce operating expenses by $2.2 million to offset estimated revenue losses.
5. Adopted and adhered to various COVID-19 related health Orders issued by the
Contra Costa County Department of Public Health and the State of California.
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6. Adopted a balanced post pandemic 2021/22 operating budget through reducing
expenditures and fund transfers without the need to utulize Town reserve funds.
7. Completed the upgrades to the keycard access system at all town-maintained
buildings and replace A.D.A. doors at the Library and Veteran’s Memorial
buildings.
8. Continued the design work for the $6 million project to replace the La Gonda Way
bridge at Danville Boulevard.
9. Continued the design of the storm drain trash racks at Starview Drive, Loch
Lomond Way and Westridge, pending response from FEMA on the Town’s grant
applications. Construction phase to proceed after FEMA determination.
10. Completed design and constructed the new San Ramon Creek trail bridge
creating a pedestrian connection from Diablo Road to the Town Green and
Library.
11. Completed the Town-wide Bicycle Master Plan.
12. Completed Phase I of the Traffic Signal Controller Upgrade at 29 intersections.
13. Completed Diablo Road Bicycle Facility Improvements, 1.8 miles.
14. Secured 100% funding including $150K MTC grant for Diablo Road Trail.
15. Awarded $1.6M Federal grant for the SRVB (North/South) Improvements.
16. Awarded $240K State grant for Rectangular Flashing Beacons project.
17. Continued with various Transportation programs including: Street Smarts traffic
safety education program, Neighborhood Traffic Management Program and
participation in Danville’s TRAFFIX Student Transportation Program.
18. Worked with Tri-Valley Cities Coalition, Contra Costa Mayors Conference and
state legislators to advocate for changes to housing legislation in a manner that
lessens their impacts to Danville.
19. Continued the Town’s commitment of $1.45 million toward the San Ramon Valley
High School Classroom Modernization project in order to fund 240 additional
student parking spaces on campus and increasing the total supply of student on-
campus parking spaces from 275 to 515 spaces, in order to alleviate parking
congestion in adjacent neighborhoods and the north end of the downtown.
20. Expanded the Downtown Street Banner Program to include Railroad Avenue.
21. Continued implementation of the Community Marketing and Branding Plan,
including publication of the Live Locally Guide, marketing material and
rebranding of the Town’s quarterly newsletter.
22. Increased efficiencies within the MUNIS Financial System by implementing
internal paperless/contactless/electronic routing and approval of both credit
card and paper check vendor payments. Greatly expanded and improved online
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permit application submission to the Energov Permitting & Land Management
System for contractors and Danville homeowners.
23. Moved ALL public meetings to the remote (ZOOM) format while adhering to the
revised Brown act requirements.
24. Continued 10-8 program, a weekly live video podcast that allows for engagement
and interaction with residents via Facebook and YouTube to replace in-person
engagement due to the COVID-19 Pandemic.
25. Renovated the turf in the large dog park at Hap Magee Ranch Park for a total of
$18,870. The dog park at Hap Magee Ranch Park is rated the best dog park in the
area by Diablo Magazine.
26. Awarded new contract for park maintenance services in Lighting and Landscape
Assessment District Zone D ($305,607).
27. Awarded new contract for fleet maintenance services ($85,000).
28. Repainted the Town Service Center exterior ($17,980).
29. Converted tennis court at Osage Station Park to two pickleball courts ($10,500).
30. Completed the annual creek cleaning through in-house and contract efforts
($14,950) which helps protect the community and prevent damage to public and
private property.
31. Integration of arts into programs such as the Hearts Around Hearts Program,
which included calling for artists to design and paint ceramic Hearts for display
throughout the Town. Also, the Shrumen Lumen Exhibit which had 18 foot tall
kenetic mushrooms on display at the Town Green and Art Gallery.
32. The Senior Advisory Commission along with Staff began work on an Age
Friendly Road Map in an effort to make Danville more livable and better able to
support people of all ages.
33. Continued efforts for the implementation of the Parks, Recreation and Arts
Strategic Plan, with an emphasis on capital projects in parks, trails and public art.
Specifically, the conversion of one tennis court into two pickleball courts.
34. Increased efficiency by implementing paperless digital routing and signature
system for town agreements with vendors and contractors
35. Prepared a balance budget despite the pandemic.
36. Adhere to the order of the County Health Department.
37. Completed filing with and received fund from the Federal and State Agencies for
COVID-19 related expenses reimbursed through FEMA and CRF (CARES Act).
38. American Rescue Plan Act: Reviewed guidelines, calculated revenue loss and
identified an expenditure plan for use of CLFR Funds received through the first
tranche disbursement of $5,323,869.
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For Fiscal Year 2021/22
During the upcoming FY 2021/22 the Town will:
1. Complete the design of the $6 million project to replace the La Gonda Way bridge at
Danville Boulevard.
2. Complete the design of storm drain trash racks at Starview Drive, Loch Lomond Way
and Westridge, pending response from FEMA on the Town’s grant
applications. Construction phase to proceed after FEMA determination.
3. Begin the process to update the Town’s Downtown Master/Beautification Plan.
4. Complete the Fiber Optic Cable Interconnect Master Plan.
5. Complete the Rectangular Rapid Flashing Beacons at four locations.
6. Complete Phase II of the Traffic Signal Controller Upgrades at 25 intersections.
7. Complete the Townwide Biennial Traffic Count Study.
8. Complete a Local Roadway Safety Plan.
9. Complete design of the Diablo Road Trail.
10. Begin the Downtown Traffic Signal Modernization Project.
11. Install high-visibility crosswalk markings at ten locations near schools and along Iron
Horse Trail.
12. Continue the Neighborhood Traffic Management Program consisting of six active
neighborhood applications.
13. Continue with various Transportation programs including: Street Smarts traffic
safety education program, Neighborhood Traffic Management Program and
participation in Danville’s TRAFFIX Student Transportation Program.
14. Continue to work with Tri-Valley Cities Coalition, Contra Costa Mayors Conference
and state legislators to advocate for changes to housing legislation in a manner that
lessens their impacts to Danville.
15. Renovate the turf in the large dog park at Hap Magee Ranch Park The dog park at
Hap Magee Ranch Park is rated the best dog park in the area by Diablo Magazine.
16. Renew the street sweeping services contract for $200,295 to continue providing clean
and safe streets and prevent pollution of creeks.
17. Complete the annual creek cleaning through in-house and contract efforts
(approximately $15,000), which helps prevent damage to public and private
property.
18. Replace the gazebo at Hap Magee Ranch Park (approximately $80,000, with half the
cost being paid by Contra Costa County).
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19. Complete the design of the Diablo Vista Park playground equipment replacement
project (replacement will cost approximately $700,000).
20. Continue the Disaster Preparedness Program to step up readiness efforts aimed at
preparing for and responding to any natural or man-made disasters or emergencies
that could befall the Town.
21. Research technology solutions to optimize law enforcement strategies.
22. Continue to integrate arts into programs such as the Hearts Around Hearts Program,
which included calling for artists to design and paint ceramic Hearts for display
throughout the Town. Other opportunities are being explored with the funds raised
by this successful event.
23. Continue to work with The Senior Advisory Commission, along with Staff began
work on an Age Friendly Road Map in an effort to make Danville more livable and
better able to support people of all ages.
24. Continued efforts for the implementation of the Parks, Recreation and Arts Strategic
Plan, with an emphasis on capital projects in parks, trails and public art. Specifically,
the conversion of one tennis court into two pickleball courts.
25. Continue to explore potential locations for the multi-use skate park as identified in
the latest feasibility study.
26. Expand and improve eSignature (DocuSign) system for contracts and other legal
documents.
27. Continued efforts by the IT Department to implement additional security measures
as warranted and monitor cybersecurity issues to protect the Town from these
ongoing types of attacks.
28. Plan and mitigate the transfer of Town’s technologies in preparation of the move to
the newly acquired Town Offices building at 500 La Gonda Way.
29. Continue to implement the American Rescue Plan Act: calculate revenue loss and
identify an expenditure plan the use of CLFR Funds for the second tranche
disbursement of $5,323,869 for recommendation to the Town Council.
FINANCIAL CONTROLS AND INFORMATION
The Town's financial records for general governmental operations are maintained on a
modified accrual basis with revenues recorded when available and measurable and
expenditures recorded when the services or goods are received and the liability incurred.
Town Management is responsible for establishing and maintaining an internal control
structure designed to ensure that assets are protected from loss and theft or misuse; and for
compiling accounting data which is adequate for the preparation of financial statements in
conformity with generally accepted accounting principles. The internal control structure is
designed to provide reasonable, but not absolute, assurance that these objectives are met. The
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concept of reasonable assurance recognizes that: (1) the cost of a control should not exceed
the benefits likely to be derived and (2) the valuation of costs and benefits requires estimates
and judgments by management.
Budgeting Controls
The Town maintains budgetary controls. The objective of these budgetary controls is to
ensure compliance with legal provisions embodied in the annual appropriated budget
approved by the Town Council. Activities of all governmental type funds are included in the
annual appropriated budget. For FY 2020/21, the budgetary level of control (that is the level
at which expenditures cannot legally exceed the appropriated amount) for the operating
budget was at the fund level.
For the capital improvement budget, the level of control was the individual capital
improvement project. The Town also utilizes the encumbrance system as a management
control technique to assist in controlling expenditures. All appropriations lapse at year-end.
However, encumbrances and appropriations for unfinished capital and other projects are
reviewed and, when warranted, are reappropriated ("carried over") as part of the following
year's budget.
Risk Management
The Town is a member of the Municipal Pooling Authority (MPA), a consortium of 20
California cities, including 17 in Contra Costa County, one in San Mateo County, one in
Santa Clara County and one in San Joaquin County. The Risk Management Authority is a
risk-sharing, self-insured pool providing insurance benefits to its members. Insurance
activities are financed by charges to member cities, and no long-term debt has been incurred
by the Authority. The Town participates in the Authority's self-insured general and auto
liability programs and purchases commercial property and earthquake insurance through
MPA. Annual premiums are determined based on an actuarial study using a retrospective
method. During FY 2020/21, the Town was responsible for the first $5,000 of general
liability costs and $2,000 and $3,000 for Town and police auto liability respectively, for each
of its own claims.
The Town’s limits of coverage per claim are $29 million for general liability and $250,000 for
auto liability. The Town has established in the General Fund $34,510 in liability to finance
anticipated settlement of claims.
The Town is also a member of the Authority's workers' compensation pool. The Authority
is responsible for the first $500,000, per claim. This program carries excess insurance above
$500,000 per claim.
The Town has implemented various risk control techniques and loss prevention and
reduction programs, including employee training and education.
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OTHER INFORMATION
Independent Audit
It is the policy of the Town of Danville to have an audit performed annually by an
independent certified public accountant. The independent audit of the June 30, 2021
financial statements was performed by The Pun Group, LLP. Their opinion is included with
the general purpose financial statements.
Acknowledgments
The development of this report would not have been possible without the dedication and
efforts of the entire Finance Division team. We would like to express our appreciation to all
staff members of the Town and our independent auditing firm who made this report
possible.
The Town’s prudent fiscal management policies and practices are guided by the leadership
and support of the Danville Town Council. We appreciate the Town Council’s support and
continued leadership.
Respectfully submitted,
Joseph A. Calabrigo Lani Ha
Town Manager Finance Director/Treasurer
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Town of Danville
Organizational Chart
xii
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Town of Danville
Directory of Public Officials
xiii
TOWN COUNCIL
Renee Morgan Mayor
Newell Arnerich Vice Mayor
David Fong Councilmember
Karen Stepper Councilmember
Robert Storer Councilmember
TOWN STAFF
Joseph A. Calabrigo Town Manager
Robert Ewing City Attorney
Marie Sunseri City Clerk
Tai Williams Assistant Town Manager
Allan Shields Chief of Police
Dave Casteel Maintenance Services Director
Henry Perezalonso Recreation, Arts & Community Services Director
Lani Ha Finance Director/Treasurer
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Town of Danville
Certificate of Achievement for Excellence in Financial Reporting –
Government Finance Officers Association
xiv
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Town of Danville
Statement of Purpose
xv
DANVILLE IS A COMMUNITY DEDICATED TO PROVIDING
AN EXCEPTIONAL QUALITY OF LIFE FOR ITS CITIZENS
To achieve this level of excellence, Danville will:
Value and enhance its heritage and natural environment;
Build innovative processes for citizen involvement and stimulate active participation in local government decision
making;
Foster personal responsibility, ethical standards and commitment among citizens;
Achieve high quality development in scale with the natural surroundings;
Deliver superior municipal and educational services;
Encourage the arts, cultural and recreation activities, and community celebrations; and
Exercise strong leadership in regional issues.
These goals enhance a sense of positive “small town” values related to the family, neighborhood, and community.
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FINANCIAL SECTION
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INDEPENDENT AUDITORS’ REPORT
To the Mayor and Members of the Town Council
of the Town of Danville
Danville, California
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund, and the
aggregate remaining fund information of the Town of Danville, California (the “Town”), as of and for the year ended
June 30, 2021, and the related notes to the basic financial statements, which collectively comprise the Town’s basic
financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
accounting principles generally accepted in the United States of America; this includes the design, implementation,
and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are
free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in
accordance with auditing standards generally accepted in the United States of America and the standards applicable
to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United
States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion.
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
financial position of the governmental activities, each major fund, and the aggregate remaining fund information of
the Town, as of June 30, 2021, and the respective changes in financial position, thereof for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
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To the Mayor and Members of the Town Council
of the Town of Danville
Danville, California
Page 2
2
Emphasis of a Matter
Implementation of GASB Statement No. 84
As described in Note 2N to the basic financial statements, the Town implemented GASB Statement No. 84,
Fiduciary Activities. Our opinion is not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion
and Analysis, Budgetary Information, Budgetary Comparison Schedules for General Fund, Lighting and
Landscaping Special Revenue Fund, and Regional Traffic Impact Fee Special Revenue Fund, and Modified
Approach for Town Street Infrastructure Capital Assets be presented to supplement the basic financial statements.
Such information, although not a part of the basic financial statements, is required by the Governmental Accounting
Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial
statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures
to the required supplementary information in accordance with auditing standards generally accepted in the United
States of America, which consisted of inquiries of management about the methods of preparing the information and
comparing the information for consistency with management’s responses to our inquiries, the basic financial
statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an
opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient
evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the Town’s basic financial statements. The introductory section, combining and individual nonmajor fund financial
statements, and statistical section, are presented for purposes of additional analysis and are not a required part of the
basic financial statements. The combining and individual nonmajor fund financial statements are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records used to
prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the
audit of the basic financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the basic financial statements or
to the basic financial statements themselves, and other additional procedures in accordance with auditing standards
generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund
financial statements are fairly stated in all material respects in relation to the basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the
basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them.
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To the Mayor and Members of the Town Council
of the Town of Danville
Danville, California
Page 3
3
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 9, 2021, on our
consideration of the Town’s internal control over financial reporting and on our tests of its compliance with certain
provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to
describe the scope of our testing of internal control over financial reporting and compliance and the results of that
testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government Auditing Standards in considering the Town’s
internal control over financial reporting and compliance.
Walnut Creek, California
November 9, 2021
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REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND
OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors’ Report
To the Mayor and Members of the Town Council
of the Town of Danville
Danville, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller
General of the United States, the financial statements of the governmental activities, each major fund, and the
aggregate remaining fund information of the Town of Danville, California (the “Town”), as of and for the year ended
June 30, 2021, and the related notes to the basic financial statements, which collectively comprise the Town’s basic
financial statements, and have issued our report thereon dated November 9, 2021.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Town’s internal control over
financial reporting (internal control) as a basis for designing the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the Town’s internal control. Accordingly, we do not express an opinion
on the effectiveness of the Town’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will
not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to
merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and
was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant
deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we
consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Town’s financial statements are free from material
misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements, noncompliance with which could have a direct and material effect on the financial statements. However,
providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do
not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are
required to be reported under Government Auditing Standards.
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To the Mayor and Members of the Town Council
of the Town of Danville
Danville, California
Page 2
6
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on
compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards
in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any
other purpose.
Walnut Creek, California
November 9, 2021
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MANAGEMENT’S DISCUSSION AND ANALYSIS
The Town of Danville’s Financial Statements are issued in the format prescribed by the provisions of Government
Accounting Standards Board Statement 34 (GASB No. 34). This discussion and analysis of the Town’s financial
performance provides an overview of the Town’s financial activities for the fiscal year ended June 30, 2021. Please
read it in conjunction with the accompanying transmittal letter, the Basic Financial Statements and the accompanying
notes to those financial statements.
FINANCIAL HIGHLIGHTS
The Town’s net position as of June 30, 2021 increased $9,240,708 or 3.5% from $263,589,115 to
$272,829,823.
Total assets were $286,907,325 and total liabilities were $14,077,502, resulting in total net position of
$272,829,823. Of this amount $65,882,561 is classified as unrestricted and, with the future receipt of
$5,059,401 of loan receivable from the former Community Development Agency (CDA), may be used to
provide ongoing services and capital projects to residents and creditors.
Governmental funds for the Town have combined fund balances of $96,023,610. Of this amount $29,438,411
is restricted by external parties, $58,171,955 is committed for ongoing and future activities and $4,064,888 is
classified as nonspendable reflecting the future of receiving the loan proceeds from the cooperative agreement
to the former Community Development Agency and fund received for services that has not been rendered by
the Town, and $3,248,356 has been assigned for ongoing operations.
The Town's General Fund fund balance increased 30.0% from $26,574,948 to $34,535,724. The fund balance
includes funds reserved or designated for debt service, future capital projects, ongoing operations, and an
operating reserve of $13,809,768 (42.94% of FY 20/21 operating expenditures).
In fiscal year 2015, the Sacramento County Superior Court issued a ruling on September 5, 2014, concluding that the
reentered Cooperative Agreement between the Successor Agency and the Town of Danville was an enforceable
obligation. The State appealed the Superior Court decision afterward, and in May 2015, the State dismissed its appeal,
and at the same time, the Department of Finance accepted the Agreement as an enforceable obligation. The Town has
decided to retain the amount that was approved by the Department of Finance, $5,059,401 as a loan receivable on its
books, and reserve an offsetting amount in fund balance.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the Town's basic financial statements, which
consists of three components: 1) Government-wide Financial Statements, 2) Governmental Fund Financial Statements
and 3) Notes to the Basic Financial Statements. This report also contains supplementary information in addition to the
basic financial statements.
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Reporting the Town as a Whole - Government-Wide Financial Statements
The Government-Wide Financial Statements provide a longer-term view of the financial position of the Town as a
whole, including all capital assets and long–term liabilities on the full accrual basis. This presentation is similar to
that of a private-sector business. Over time, increases or decreases in the Town’s net assets may serve as one useful
indicator of the Town’s overall financial health. Other factors to consider are changes in the Town’s property tax base
and the condition of the Town’s roads.
The Statement of Activities and Changes in Net Position provides information on how the Town's net position
changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to
the change occurs, regardless of the timing of the related cash flows. Therefore, revenues and expenses are reported in
this statement for some items that will only result in cash flows in future fiscal periods (for example, long term debt
payments due and capital asset depreciation). There is an emphasis on measuring net revenues and expenses of each
of the Town’s programs.
The Fiduciary Fund Financial Statements provide financial information about activities for which the Town acts
solely as a trustee or agent for the benefit of those outside of the government. Fiduciary funds reported in the ACFR
for Danville include the Deposits fund, Assessment District funds and the Successor Agency Trust Fund.
In the Statement of Net Position and the Statement of Activities and Changes in Net Position, the Town's activities are
separated as follows:
Governmental Activities: All of the Town’s basic services are considered to be governmental activities,
including general government, police, maintenance, development, transportation and recreation services.
Governmental activities are generally supported by taxes and intergovernmental revenues.
Reporting the Town’s Most Significant Funds - Governmental Fund Financial Statements
The Fund Financial Statements provide detailed information about the most significant funds and group the remaining
funds together under the column heading, "Non-Major Governmental Funds.” Some funds are required to be
established by State law and by bond covenants. In addition, the Town Council may establish other funds to help it
control and manage money for particular purposes or to show that it is meeting legal responsibilities for using certain
taxes, grants, and other money.
Governmental Funds—Most of the Town’s basic services are reported in governmental funds, which
focus on how money flows into and out of those funds and the balances left at year-end that are available
for spending. These funds are reported using an accounting method called modified accrual accounting,
which measures cash and all other financial assets that can readily be converted to cash. The
Governmental Fund Statements provide a detailed short-term view of the Town’s general government
operations and the basic services it provides. Governmental funds information help determine whether
there are more or fewer financial resources that can be spent in the near future to finance the Town’s
programs. Capital assets and other long-lived assets, along with long-term liabilities, are not presented in
the Governmental Fund Financial Statements. The relationship (or differences) between governmental
activities (reported in the Statement of Net Position and the Statement of Activities and Changes in Net
Position) and Governmental Funds Financial Statements are explained in a reconciliation schedule
following each Governmental Fund Financial Statement.
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Reporting the Town’s Fiduciary Responsibilities
The Town is the trustee, or fiduciary, for certain amounts held on behalf of developers, property owners, assessment
district bond holders, the Successor Agency and others. The Town’s fiduciary activities are reported in separate
Statements of Fiduciary Net Position and Changes in Fiduciary Net Position. The Town provides a Defined
Contribution Pension Plan for all qualified employees. We exclude these activities from the Town’s other financial
statements because the Town cannot use these assets to finance its operations. The Town is responsible for ensuring
that the assets reported in these funds are used for their intended purposes.
Notes to the Financial Statements
The Notes provide additional information that is essential to a full understanding of the data provided in the
Government-Wide and Governmental Fund Financial Statements.
Other Information
In addition to the Basic Financial Statements and accompanying notes, this report also presents certain Required
Supplementary Information concerning the Town’s funding of its obligation to provide pension benefits to its
employees, budgetary comparison schedules for the General Fund, each major Special Revenue Fund and schedules
and disclosure of the modified approach for reporting the Town’s infrastructure.
THE TOWN AS A WHOLE - GOVERNMENT-WIDE FINANCIAL ANALYSIS
The Town’s combined Net Position for fiscal year ended June 30, 2021 and 2020 were:
Table 1
Net Position
Governmental Activities
Increase
2021 2020 (Decrease)
Current and other assets $ 103,643,474 $ 95,583,374 $ 8,060,100
Capital Assets, net of depreciation 183,263,851 181,223,722 2,040,129
Total assets 286,907,325 276,807,096 10,100,229
Current liabilities 7,977,612 6,523,952 1,453,660
Long-term liabilities 6,099,890 6,694,029 (594,139)
Total liabilities 14,077,502 13,217,981 859,521
Net position:
Net investment in capital assets 177,508,851 174,968,722 2,540,129
Restricted for:
Debt service 1,623,438 1,629,404 (5,966)
Special projects 27,814,973 25,331,768 2,483,205
Unrestricted 65,882,561 61,659,221 4,223,340
Total net position $ 272,829,823 $ 263,589,115 $ 9,240,708
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The Town’s Net Positions from Governmental Activities increased 3.5% from $263,589,115 to $272,829,823. This
increase of $9,240,708 comes from the change in net assets as recorded in the Statement of Activities and flows
through the Statement of Net Position. Program expenses by function, general revenues by major source, excess
and/or deficiency of revenues over expenses before contributions to permanent fund principal, special, and
extraordinary items, and total assets are presented in the Statement of Activities and Changes in Net Position.
The following is an explanation of the changes between fiscal years as shown in Table 1:
Total assets increased $10,100,229:
Current and other assets increased $8,060,100 reflecting an increase in cash and investments. Capital assets,
net of depreciation, increased $2,040,129 reflecting expenditures for capital projects during the year.
Total liabilities increased $859,521:
Current liabilities increased by a net of $1,453,660, due largely to an increase in accounts payable, wages
payable, retention (for capital projects), unearned revenue, and deposit payable.
Non-current liabilities decreased a net of $(594,139) reflecting payment of long-term debt principal of
$520,000 that was paid according to schedule, a decrease of $74,139 in compensated absences.
Net Position:
Restricted net position increased a net of $2,477,239. Special Revenue funds were spent for capital projects as
budgeted. Debt Service funds decreased by $(5,966) reflecting the net change in annual RPTTF funds
received for scheduled debt service payments of the Town's COPs. Special Projects funds increased by
$2,483,205 as funds were needed for operations or appropriated for capital expenditures.
Unrestricted net position, which are designated by Council for specific future capital improvements or
economic stability, increased by $4,223,340, reflecting solid revenues and controlled costs, which enabled
the transfer of $2.27 million of General Fund funds to be transferred to Capital Improvement funds for future
capital projects and Asset Replacement funds and LLAD funds for its operating expenses and Contingency
fund. Capital improvements include park improvements, road maintenance, traffic control measures and
general Town improvements.
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Government Activities
Table 2 presents the gross revenues and expenditures for the Town as whole.
Table 2
Revenues and Expenses
Governmental Activities
2021 2020 Increase (Decrease)
Revenues - Governmental Activities
Program revenues:
Charges for services $ 7,849,397 $ 8,188,723 $ (339,326)
Operating grants and contributions 2,271,372 1,873,835 397,537
Capital grants and contributions 2,169,054 1,358,781 810,273
Total program revenues 12,289,823 11,421,339 868,484
General revenues:
Taxes:
Property 17,210,607 16,025,356 1,185,251
Sales 6,653,905 5,753,805 900,100
Motor vehicle 32,180 35,829 (3,649)
Franchise 3,044,834 2,836,124 208,710
Other 338,449 367,376 (28,927)
Investment earnings 174,503 3,183,434 (3,008,931)
Miscellaneous 1,447,189 1,838,208 (391,019)
Gain on sale of capital assets 5,439 345,523 (340,084)
Reimbursement from Successor Agency 789,051 812,456 (23,405)
Total general revenues 29,696,157 31,198,111 (1,501,954)
Total revenues 41,985,980 42,619,450 (633,470)
Expenses - Governmental Activities
General government 1,727,404 1,988,737 (261,333)
Police services 9,141,598 9,824,261 (682,663)
Maintenance services
and Lighting and landscape 8,999,904 9,400,476 (400,572)
Development services 6,238,126 5,769,904 468,222
Administrative services 3,632,890 3,816,145 (183,255)
Recreation, arts & community services 2,722,675 3,794,136 (1,071,461)
Interest on long-term debt 282,675 322,951 (40,276)
Total expenses 32,745,272 34,916,610 (2,171,343)
Changes in Net Position 9,240,708 7,702,840 1,537,868
Net Position:
Beginning of year 263,589,115 255,886,275 7,702,840
End of year $ 272,829,823 $ 263,589,115 $ 9,240,708
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Variances shown above are reflected in the net numbers of Table 3 and are discussed following Table 3.
Table 3 presents each program’s net cost (total cost less revenues generated by the activities). The net cost shows the
financial burden that was placed on the Town’s taxpayers by each of these functions. The net cost of program services
increased by $1,537,868 reflecting higher change in expenses compare to change in revenues.
Table 3
Cost of Services
Governmental Activities
2021 2020
Increase
(Decrease)
Revenues:
General revenues $ 29,696,157 $ 31,198,111 $ (1,501,954)
Total general revenues 29,696,157 31,198,111 (1,501,954)
Net Expenses:
General government (1,727,404) (1,988,737) 261,333
Police services (8,758,536) (9,341,933) 583,397
Maintenance services
and Lighting and landscape (5,858,363) (6,341,146) 482,783
Development services 1,076,353 650,972 425,381
Administrative services (3,028,954) (3,784,452) 755,498
Recreation, arts, & community services (1,875,870) (2,367,024) 491,154
Interest on long-term debt (282,675) (322,951) 40,276
Total net expenses (20,455,449) (23,495,271) 3,039,822
Net Cost of Program Services $ 9,240,708 $ 7,702,840 $ 1,537,868
Variances shown above are reflected in the net numbers of Tables 2 and 3 and are discussed following Table 3.
Program revenues decreased by $(1,501,954). A decrease of $(339,326) in Charges for Services was largely
due to Recreations classes were canceled due to the pandemic, decreased activity in Police Services, and net
with the increase in the Development Services activity. Operating Grants increased a net of $397,537 as
grants for Police and Development Services increased, and the Town received the CRF (Coronavirus Relief
Fund) and FEMA (Federal Emergency Management Agency) in the amount of $575,791 from the federal
government. Capital Grants and Contributions increased a net of $810,273 as grant funding for capital
projects increased.
General revenues decreased $1,501,954 reflecting the net reported an increase $1,185,251 in property tax
revenues, an increase in net reported $900,100 in sales tax revenues, an increase $208,710 in franchise fees, a
decrease of $3,008,931 in investment earning, and a decrease of $(391,019) in miscellaneous revenues and a
decrease of $(340,084) in gain on sale of capital assets .
The Net Direct Cost of Program Services indicates that the overall cost of government is well below the available
general revenues and transfers. This shows that the Town's ongoing revenues cover its operational and capital
expenditures. The services provided by the Town are provided in an cost effective manner and the Town is efficient in
recovering the cost of these services with program revenues from user fees and other contributions. See the Statement
of Activities for further detail on program revenues and general revenues.
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FINANCIAL ANALYSIS OF THE TOWN’S FUNDS
At year-end, the fund balance for the Town’s General Fund was $34,535,724 a net increase of $7,960,776 over last
year. Revenues exceeded expenditures by $10,238,463, and transfers out of $(2,825,240) were made for future capital
projects and additional funding for parks and building maintenance in the Lighting and Landscape Assessment
District. Major revenue sources that exceeded budget include property and transfer taxes of $2,210,547, sales taxes of
$2,258,804, uses of money and property of $1,087,826, which reported rental revenues, and Investment earning,
which also reflects actual earning and unrealized market adjustments and the effect of discounts and premiums
recognized in the year. These were offset by Other taxes of $(23,461) and Charges for Services of $(419,874). Across
the board, cost containment resulted in operating expenditures below budget in all programs. Budget to actual cost
savings totaled $4,249,688. Capital outlay for operations was budgeted within each program and is broken out for
year-end reporting on a separate line.
Additional detail comparing the budgeted and actual amounts for the General Fund can be found in the Required
Supplementary Information, Budgetary Comparison Schedule, General Fund.
The Lighting and Landscape Special Revenue Fund increased by $169,960, which compares favorably to the planned
and previously projected reduction in this fund balance. Cost containment efforts and a budgeted transfer in from the
General Fund of $900,000 and $300,000 from Regional Traffic Impact Fees Special Revenue Fund for park and
building maintenance account for this increase in fund balance.
The Regional Traffic Impact Fees fund balance is reported lower by $(325,973) reflecting the decrease in revenues,
and increase in expenditures.
The fund balance in the Capital Improvement Projects Fund decreased by a net of $(3,363,434), reflecting capital
expenditures and a net transfer in of $1,675,240, helping to offset appropriated capital expenditures in excess of
revenues.
Non-major Special Revenue Funds increased by a net of $2,867,230, reflecting normal revenues and use of these
funds for the operational or capital projects to which they are restricted. Non-major Special Revenue funds with major
changes include: the increased of Gas Tax Fund increase by $374,608 due to higher revenues and no transfer to
Capital Improvement Program; increase of the Building and Planning Fund by $621,939 due to higher revenues
resulting from more building and planning activities and less expenditures; increase of Development Engineering
Fund by $220,132 due to higher revenues resulting from higher volume of engineering services and less expenditures;
increase in Stormwater Pollution Control Program Fund by $115,296 due to slightly higher revenues and less
expenditures due to less use of consulting services compared to budget; increase of Measure J Fund by $549,724 due
to higher revenues received from Contra Costa County Transportation and less expenditures, the Donation and
Contributions Fund increase by $127,195 due to higher revenues resulting from a one-time special event from
Recreations and less expenditures; the Public Safety Fund increase by $63,927 due to higher revenues received from
the Contra Costa County and less expenditures; and the Solid Waste Vehicle Impact Fees Fund increase by $718,924
due to higher revenues and no transfer out to the Capital Improvement Program.
The Non-Major Capital Improvement Funds, decreased by a net of $(696,337) due a decrease of $(665,693) in the
Park Facilities Fund due to more expenditures and no transfer in from General Fund contributions; and a decrease of
$(35,594) in the Northeast Road Improvements Special Assessment due to higher expenditures; offset by an increase
in the Asset Replacement General Fund by $42,059 due to higher transfer in from PEG Fund and Building and
Planning Fund than expenditures. All activity in the above funds reflects anticipated revenues and appropriated
transfers and expenditures for these funds.
General Fund Budgetary Highlights
Actual revenues over expenditures exceeded the final budget by $10,120,778. This is primarily due to very
conservative revenue projections, the absence of State raids on local revenues, steady sales tax, and actual 5%
increase in average local property values. Final expenditures for the General Fund at year end were less than budgeted
by $4,249,688. The budget to actual variance in appropriations reflects conservation efforts, leaving staffing positions
vacant and postponement of some operational activities by management. These proactive fiscal measures enabled the
Town to transfer $2,825,240 to fund future capital projects throughout the Town.
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CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
At the end of FY 2021, the Town had a book value of $183,263,851 invested in a broad range of capital assets,
including land, buildings, furniture and equipment, park improvements and infrastructure. (See tables 4 and 5 below.)
This amount represents an increase of $2,040,129 net of additions, retirements and depreciation, resulting in a 4.13%
increase over last year.
Changes reflect the construction of capital assets, offset by depreciation expenses.
Depreciation on capital assets is recognized in the Government-Wide Financial Statements. The Town has elected to
use the modified approach for their streets and roads, wherein the value is not depreciated but rather pavement
condition and maintenance expenses are tracked. The pavement condition as of June 30, 2021 was 81, same as last
year. This rating compares favorably with the target rating of 70. The average expense to maintain the streets is
estimated by management to be a minimum of $3,000,000 per year for the next three years. Further detail may be
found in Note 2E to the Financial Statements and in Note 3 of the Required Supplementary Information.
Table 4
Capital Assets at June 30, 2021
(net of depreciation)
Original Cost
Accumulated
Depreciation
Book Value
Land $ 31,221,867 $ - $ 31,221,867
Buildings and parking lots 39,958,769 (13,824,718) 26,134,051
Park improvements 24,041,510 (21,956,927) 2,084,583
Furniture and equipment 4,963,876 (4,656,488) 307,388
Construction in progress 25,429,776 - 25,429,776
Infrastructure 167,832,677 (69,746,491) 98,086,186
Total $ 293,448,475 $ (110,184,624) $ 183,263,851
Table 5
Comparative Capital Assets at June 30, 2021 vs. June 30, 2020
(net of depreciation)
Governmental Activities
2021 2020
Increase
(Decrease)
Land $ 31,221,867 $ 31,221,867 $ -
Buildings and parking lots 26,134,051 27,154,816 (1,020,765)
Park improvements 2,084,583 2,356,143 (271,560)
Furniture and equipment 307,388 430,982 (123,594)
Construction in progress 25,429,776 21,660,504 3,769,272
Infrastructure 98,086,186 98,399,410 (313,224)
Total $ 183,263,851 $ 181,223,722 $ 2,040,129
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The Town’s five-year Capital Improvement Plan projects will cost $28,641,726 through FY 2024/25. No debt
financing is required for these projects. Funding will come from current fund balances and projected revenues over
the next five years. The most significant projects include town-wide park renovations and enhancements with an
emphasis on Town Office Improvements and infrastructure maintenance including $9,564,597 for pavement
management. Additional details can be found in the Town's 2020/21 Operating Budget and Capital Improvement
Program document available at www.danville.ca.gov/Council_and_Government/Departments/Finance/.
Debt
At year end, the Town had $6,729,890 in Certificates of Participation (COPs) and compensated absences outstanding
versus $7,304,629 last year, a net decrease of $(574,739), as shown in Table 6 below.
Table 6
Outstanding Debt at Year-end
Governmental Activities
2021 2020
Increase
(Decrease)
2001 & 2005 Certificates of Participation $ 5,755,000 $ 6,255,000 $ (500,000)
Compensated Absences 974,890 1,049,629 (74,739)
Total $ 6,729,890 $ 7,304,629 $ (574,739)
The $500,000 decrease in the COP amount is due to scheduled debt service payments, the $74,739 decrease in
Compensated Absences is due to lower number of personnel compare to last year, and personnel earning less leaves
hours than used.
Additional information on outstanding debt is presented in Note 8 to the Basic Financial Statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
The 2021/22 Operating Budget and Capital Improvement Program (“Budget and CIP”) continue to reflect careful
financial planning. All planned services address the Town’s highest priorities. The Budget is balanced, prudent
reserves continue to be maintained, and ten-year forecasts show that Danville is holding to a course that is fiscally
sustainable.
For 2021/22, total revenues of $38,048,880 are forecast, including $35,774,166 for the Town and $2,274,714 for the
Town Successor Agency. Total operating expenditures of $34,424,678 are recommended, including $33,249,964 for
the Town and $1,174,714 for the Successor Agency. Recommended capital appropriations for 2021/22 total
$9,413,612.
The global Coronavirus pandemic and the resultant Health Orders that began in mid-March 2020 created an
immediate and significant financial impact upon the Town. Danville has operated in a continuous State of Emergency
since March 17, 2020. The pandemic has presented budget planning challenges resulting from ongoing economic
uncertainty and frequently changing state and county directives that impact how, and to what extent, services can be
delivered.
For 2020/21, the Town Council adopted a budget that forecast a net revenue loss of $5 million. Functionally, this has
necessitated operating in a much more fluid manner, while adapting to changing conditions and increasing reliance
upon virtual services and operations. Expenditures and staffing were reduced in all operating departments.
The 2020/21 mid-year budget review showed that these adjustments were effectively mitigating pandemic-driven
fiscal impacts and the Town’s reserves remained intact.
Town businesses and the local economy have shown resilience in the face of operating limitations mandated by health
orders. Though significantly impacted, the incidence of business failure has been limited. Initial concerns that
consumers would react to by eliminating or reducing expenditures have been offset through a shift toward increased
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e-commerce. While this has helped to mitigate the fiscal impact upon the Town, it has accelerated the trend toward
online commerce, which continues to pose an existential threat for all brick and mortar retail businesses.
With the arrival of spring 2021, efforts to vaccinate the population were well underway and state and county health
orders had been adjusted to allow for the resumption of certain indoor Town activities. In March 2021, the State
announced that normal business operations could resume for all sectors on June 15, 2021.
The 2021/22 Operating Budget continues to focus on the Town’s highest priorities. The Budget is balanced, reserves
funding for capital projects, and maintains strong reserves. With recovery expected to begin in 2021/22, forecast
revenues are equivalent to 2018/19 levels while recommended expenditures are at levels equivalent to 2019/20.
Despite the significant negative fiscal impacts associated with the Coronavirus pandemic, the Town’s overall financial
condition continues to be positive. The 2021/22 Budget is balanced, while providing quality municipal services that
address the highest priority community needs. Recommended capital projects are funded with no debt, and
appropriate operating and capital reserves are maintained.
The Town has no unfunded future liabilities related to employee pension or medical costs, and ten-year forecasts for
2021/22 through 2030/31 illustrate that the Town is continuing on a course that continues to be fiscally sustainable
while operating at minimally reduced service levels.
American Rescue Plan Act of 2021
On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (ARPA), a $1.9 trillion economic
stimulus bill intended to speed up the United States’ recovery from the economic and health effects of the
Coronavirus pandemic. The ARPA includes $65 billion for cities, to help bridge budget shortfalls and mitigate fiscal
impacts resulting from the pandemic. These funds will assist the Town by offsetting pandemic-driven revenue losses
and remediation costs. Based upon Treasury Department calculation, the Town was awarded $10.65 million in
Coronavirus Local Fiscal Recovery (CLFR) Funds under the ARPA.
The draft 2021/22 Budget and CIP did not include ARPA funding as cities awaited additional and more specific
guidelines for how the CLFR Funds were permitted to be spent. Following adoption of the 2021/22 Budget and CIP,
the Town engaged in a separate process to review and consider the allocation and use of CLFR Funds, and an
expenditure plan for the first tranche of funds totaling $5.32 million was approved by the Town Council in September
and October 2021.
CONTACTING THE TOWN’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general
overview of the Town’s finances and to show the Town’s accountability for the money it receives. If you have
questions about this report or need additional financial information, contact the Town’s Finance Department at the
Town of Danville, 510 La Gonda Way, Danville, California 94526-1740
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BASIC FINANCIAL STATEMENTS
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GOVERNMENT-WIDE FINANCIAL STATEMENTS
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Governmental
Activities
ASSETS
Current assets:
Cash and investments 66,205,543$
Receivables (net of allowances):
Accounts 2,637,541
Due from Successor Agency within one year (Note 6) 1,100,000
Interest 197,091
Total receivables 3,934,632
Prepaid items 105,487
Total current assets 70,245,662
Noncurrent assets:
Restricted cash and investments:
Held with fiscal agent 1,623,438
Held by the Town 27,814,973
Total restricted cash and investments 29,438,411
Due from Successor Agency in more than one year (Note 6) 3,959,401
Capital assets:
Nondepreciable 149,727,528
Depreciable, net 33,536,323
Total capital assets 183,263,851
Total noncurrent assets 216,661,663
Total assets 286,907,325
LIABILITIES
Current liabilities:
Accounts payable 5,738,383
Accrued wages payable 577,539
Retention payable 118,218
Deposit payable 159,183
Interest payable 84,246
Claims liabilities 56,514
Unearned revenue 613,529
Long-term debt - due within one year (Note 8)630,000
Total current liabilities 7,977,612
Noncurrent liabilities:
Long-term debt - due in more than one year: (Note 8)
Certificates of participation 5,235,000
Compensated absences 864,890
Total noncurrent liabilities 6,099,890
Total liabilities 14,077,502
NET POSITION
Net investment in capital assets 177,508,851
Restricted for:
Debt service 1,623,438
Special projects and programs 27,814,973
Total restricted 29,438,411
Unrestricted 65,882,561
Total net position 272,829,823$
Town of Danville
Statement of Net Position
June 30, 2021
See accompanying Notes to the Basic Financial Statements.20
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Net (Expense)
Revenue and
Changes in
Net Position
Operating Capital
Charges for Grants and Grants and Governmental
Functions/Programs Expenses Services Contributions Contributions Activities
Governmental activities:
General government 1,727,404$ -$ -$ -$ (1,727,404)$
Police services 9,141,598 187,548 195,514 - (8,758,536)
Maintenance services
and lighting and landscape 8,999,904 3,047,952 - 93,589 (5,858,363)
Development services 6,238,126 3,738,947 1,500,067 2,075,465 1,076,353
Administrative services 3,632,890 28,145 575,791 - (3,028,954)
Recreation, arts, & community services 2,722,675 846,805 - - (1,875,870)
Interest expense 282,675 - - - (282,675)
Total governmental activities 32,745,272$ 7,849,397$ 2,271,372$ 2,169,054$ (20,455,449)
General revenues:
Taxes:
Property 17,210,607
Sales 6,653,905
Motor vehicle license fee 32,180
Franchise 3,044,834
Other 338,449
Total taxes 27,279,975
Investment earnings 174,503
Miscellaneous 1,447,189
Gain on sale of capital assets 5,439
Reimbursement from Successor Agency 789,051
Total general revenues 29,696,157
Change in net position 9,240,708
Net position - beginning of year 263,589,115
Net position - end of year 272,829,823$
Program Revenues
Town of Danville
Statement of Activities
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements.21
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FUND FINANCIAL STATEMENTS
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GOVERNMENTAL FUND FINANCIAL STATEMENTS
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Town of Danville
Governmental Fund Financial Statements
27
General Fund
The General Fund is the general operating fund of the Town. It is used to account for all financial resources except those
required to be accounted for in another fund. The major revenue sources for this fund are property taxes, sales taxes,
unrestricted revenues from the State, fines and forfeitures and interest income. Expenditures are made for administration,
legislation, public safety, parks and recreation and other services.
Lighting and Landscaping Special Revenue Fund
Assessments paid by property owners who receive street lighting services and assessments paid by all property owners for
landscape and park maintenance are received into this Fund. The income is used to pay energy costs for the street lighting
system, community roadside, median and park landscape costs.
Regional Traffic Impact Fees Fund
Development impact fees are collected for local, sub-regional and regional traffic improvements. Sub-regional and
regional fees are collected on behalf of other agencies and distributed to the lead agency for project construction.
Capital Improvement Capital Projects Fund
This Fund receives contributions from the General Fund for future capital improvements, in accordance with the Town's
Capital Improvement Program.
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General Fund
Lighting and
Landscape Special
Revenue Fund
Regional Traffic
Impact Fees
Special Revenue
Fund
Capital
Improvement
Capital Projects
Fund
ASSETS
Cash and investments $ 31,712,045 $ 5,045,960 $ 4,350,951 $ 22,066,576
Cash and investments with fiscal agent 809,518 - - -
Receivables (net of allowances):
Accounts 2,421,172 53,407 5,796 117,798
Due from Successor Agency of former CDA 5,059,401 - - -
Interest 107,726 6,759 6,687 34,220
Prepaid items 105,487 - - -
Total assets $ 40,215,349 $ 5,106,126 $ 4,363,434 $ 22,218,594
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable $ 4,245,546 $ 506,702 $ 591 $ 535,901
Accrued wages payable 375,232 71,254 - 3,809
Retention payable - - - 109,423
Deposits payable 94,013 - - -
Claims liabilities 56,514 - - -
Unearned revenue 551,822 54,039 - -
Total liabilities 5,323,127 631,995 591 649,133
Deferred Inflows of Resources:
Unavailable revenue 356,498 - - -
Total deferred inflows of resources 356,498 - - -
Fund Balances:
Nonspendable 4,064,888 - - -
Restricted 809,518 1,628,275 4,362,843 -
Committed 28,158,818 - - 21,569,461
Assigned 402,500 2,845,856 - -
Unassigned 1,100,000 - - -
Total fund balances 34,535,724 4,474,131 4,362,843 21,569,461
Total liabilities, deferred inflows of resources and
fund balances $ 40,215,349 $ 5,106,126 $ 4,363,434 $ 22,218,594
(Continued)
Major Funds
Town of Danville
Governmental Funds
Balance Sheet
June 30, 2021
See accompanying Notes to the Basic Financial Statements.28
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Non-Major
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments $ 30,844,984 $ 94,020,516
Cash and investments with fiscal agent 813,920 1,623,438
Receivables (net of allowances):
Accounts 39,368 2,637,541
Due from Successor Agency of former CDA - 5,059,401
Interest 41,699 197,091
Prepaid items - 105,487
Total assets $ 31,739,971 $ 103,643,474
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable $ 449,643 $ 5,738,383
Accrued wages payable 127,244 577,539
Retention payable 8,795 118,218
Deposits payable 65,170 159,183
Claims liabilities - 56,514
Unearned revenue 7,668 613,529
Total liabilities 658,520 7,263,366
Deferred Inflows of Resources:
Unavailable revenue - 356,498
Total deferred inflows of resources - 356,498
Fund Balances:
Nonspendable - 4,064,888
Restricted 22,637,775 29,438,411
Committed 8,443,676 58,171,955
Assigned - 3,248,356
Unassigned - 1,100,000
Total fund balances 31,081,451 96,023,610
Total liabilities, deferred inflows of resources and
fund balances $ 31,739,971 $ 103,643,474
(Concluded)
June 30, 2021
Balance Sheet (Continued)
Governmental Funds
Town of Danville
See accompanying Notes to the Basic Financial Statements.29
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Total Fund Balances - Total Governmental Funds $ 96,023,610
Amounts reported for governmental activities in the Statement of Net Position are different because:
Capital assets used in governmental activities are not current financial resources
and therefore are not reported in the Governmental Funds Balance Sheet.
Non-depreciable capital assets 149,727,528
Depreciable capital assets, net 33,536,323
Total capital assets 183,263,851
Interest payable on long-term debt does not require current financial resources. Therefore, interest payable is not
reported as a liability in the Governmental Funds Balance Sheet. (84,246)
Unavailable revenues recorded in Governmental Fund Financial Statements resulting
from activities in which revenues were earned but were not available are
reclassified as revenues in the Government-Wide Financial Statements. 356,498
Long-term liabilities are not due and payable in the current period and therefore
they are not reported in the Governmental Funds Balance Sheet.
Long-term debt due within one year (630,000)
Long-term liabilities - due in more than one year:
- Certificates of participation (5,235,000)
- Compensated absences payable (864,890)
Total long-term debt (6,729,890)
Net Position of Governmental Activities 272,829,823$
Town of Danville
Reconciliation of Governmental Funds Balance Sheet to the
Government-Wide Statement of Net Position
June 30, 2021
See accompanying Notes to the Basic Financial Statements.31
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General Fund
Lighting and
Landscape Special
Revenue Fund
Regional Traffic
Impact Fees
Special Revenue
Fund
Capital
Improvement
Capital Projects
Fund
REVENUES:
Property taxes $ 17,210,607 $ - $ - $ -
Sales taxes 6,652,729 - - -
Special assessments - 3,036,793 - -
Other taxes 2,280,557 - - -
Charges for services 703,196 - - -
Licenses and permits 331,206 - - -
Development fees - - 441,393 -
Intergovernmental 578,900 - - 12,847
Fines and forfeitures 86,104 - - -
Use of money and property 1,679,369 35,070 - -
Reimbursement from Successor Agency 789,051 - - -
Miscellaneous 311,947 113,323 - -
Total revenues 30,623,666 3,185,186 441,393 12,847
EXPENDITURES:
Current:
General government 1,716,334 - - -
Police services 8,933,507 - - -
Maintenance services 2,171,607 17,336 - 237,461
Lighting and landscape - 3,903,054 - -
Development services 900,116 - - 1,580,141
Administrative services 3,531,194 2,797 2,747 17,230
Recreation, arts, & community services 2,333,428 - - 60,687
Capital outlay 9,966 - 464,619 3,156,002
Debt service:
Principal 500,000 - - -
Interest 289,051 - - -
Total expenditures 20,385,203 3,923,187 467,366 5,051,521
REVENUES OVER (UNDER) EXPENDITURES 10,238,463 (738,001) (25,973) (5,038,674)
OTHER FINANCING SOURCES (USES):
Transfers in 547,553 1,200,000 - 1,925,240
Transfers out (2,825,240) (292,039) (300,000) (250,000)
Total financing sources (uses) (2,277,687) 907,961 (300,000) 1,675,240
NET CHANGE IN FUND BALANCES 7,960,776 169,960 (325,973) (3,363,434)
FUND BALANCES:
Beginning of year 26,574,948 4,304,171 4,688,816 24,932,895
End of year $ 34,535,724 $ 4,474,131 $ 4,362,843 $ 21,569,461
(Continued)
Major Funds
Town of Danville
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements.32
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Non-Major
Governmental
Funds
Total
Governmental
Funds
REVENUES:
Property taxes $ - $ 17,210,607
Sales taxes - 6,652,729
Special assessments 574,643 3,611,436
Other taxes 2,547,556 4,828,113
Charges for services 792,757 1,495,953
Licenses and permits 7,243 338,449
Development fees 2,500,424 2,941,817
Intergovernmental 1,067,696 1,659,443
Fines and forfeitures - 86,104
Use of money and property 57,128 1,771,567
Reimbursement from Successor Agency - 789,051
Miscellaneous 162,160 587,430
Total revenues 7,709,607 41,972,699
EXPENDITURES:
Current:
General government 16,352 1,732,686
Police services 132,292 9,065,799
Maintenance services 1,389,716 3,816,120
Lighting and landscape - 3,903,054
Development services 3,585,423 6,065,680
Administrative services 52,385 3,606,353
Recreation, arts, & community services 76,262 2,470,377
Capital outlay 280,770 3,911,357
Debt service:
Principal - 500,000
Interest - 289,051
Total expenditures 5,533,200 35,360,477
REVENUES OVER (UNDER) EXPENDITURES 2,176,407 6,612,222
OTHER FINANCING SOURCES (USES):
Transfers in 125,000 3,797,793
Transfers out (130,514) (3,797,793)
Total financing sources (uses) (5,514) -
NET CHANGE IN FUND BALANCES 2,170,893 6,612,222
FUND BALANCES:
Beginning of year 28,910,558 89,411,388
End of year $ 31,081,451 $ 96,023,610
(Concluded)
Town of Danville
Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued)
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements.33
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Net Change in Fund Balances - Total Governmental Funds 6,612,222$
Amounts reported for governmental activities in the Statement of Activities are different because:
Governmental Funds report capital outlay as expenditures. However, in the Government-Wide Statement of Activities the
cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount of capital
assets recorded in the current period.3,911,357
Depreciation expense on capital assets is reported in the Government-Wide Statement of Activities, but they do not require
the use of current financial resources. Therefore, depreciation expense is not reported as expenditures in Governmental
Funds. (1,876,667)
The net effect of various miscellaneous adjustments (i.e. sales and deletions) involving capital assets.5,439
Revenues that have not met the revenue recognition criteria in the Fund Financial Statements are recognized as revenue in
the Government-Wide Financial Statements.7,842
Long-term compensated absences are reported in the Government-Wide Statement of Activities, but they do not require
the use of current financial resources. Therefore, long-term compensated absences are not reported as expenditures in
Governmental Funds. The following amount represents the change in long-term compensated absences from the prior year. 74,139
Repayment of bond principal reduces long-term liabilities in the Government-Wide Statement of Net Position.
Long-term debt repayments:
- Certificates of participation 500,000
Interest expense on long-term debt is reported in the Government-Wide Statement of Activities but they do not require the
use of current financial resources. Therefore, interest expense is not reported as expenditures in Governmental Funds. The
following amount represents the change in accrued interest from the prior year.6,376
Change in Net Position of Governmental Activities 9,240,708$
Town of Danville
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in
Fund Balances to Government-Wide Statement of Activities
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements.34
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FIDUCIARY FUND FINANCIAL STATEMENTS
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Town of Danville
Fiduciary Fund Financial Statements
37
TRUST FUND
Successor Agency Trust Fund
The Successor Agency to the former Community Development Agency (CDA) of the Town of Danville was established
as a result of the passage of Assembly Bill x1 26, which dissolved all Redevelopment Agencies in the State of California
effective February 1, 2012. On January 10, 2012, pursuant to Health and Safety Code Section 34173, the Town Council
declared that the Town of Danville would act in a special limited capacity as Successor Agency for the dissolved
Community Development Agency of the Town of Danville, effective February 1, 2012. The Successor Agency is
responsible for day to day administration of the former CDA, including identification and payment of enforceable and
recognized obligations of the former CDA, and disbursement of available assets. An Oversight board, consisting of 7
members, was appointed to supervise the Successor Agency's wind down of the former CDA.
CUSTODIAL FUNDS
Deposits Custodial Fund
This fund is comprised of money temporarily deposited with the Town. Examples of deposits include cash improvement
bonds posted by developers, performance bonds posted by contractors, third party pass-through fees and employee benefit
allocations.
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Successor
Agency
Private Purpose Deposits
Trust Fund Custodial Fund
ASSETS
Cash and investments 811,748$ 1,101,764$
Cash and investments with fiscal agents 375,017 261,232
Total assets 1,186,765 1,362,996
LIABILITIES
Accounts payable 3,080 12,343
Loan payable to Town (Note 6)5,059,401 -
Loan payable, due within one year 195,000 -
Loan payable, due in more than one year 1,910,000 -
Interest payable 435,814 -
Total liabilities 7,603,295 12,343
NET POSITION (DEFICIT)
Restricted - 1,350,653
Unrestricted (deficit)(6,416,530) -
Total net position (6,416,530)$ 1,350,653$
Town of Danville
Fiduciary Activities
Statement of Fiduciary Net Position
June 30, 2021
See accompanying Notes to the Basic Financial Statements.38
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Successor
Agency
Private Purpose Deposits
Trust Fund Custodial Fund
ADDITIONS:
Property tax receipts 2,290,330$ -$
Miscellaneous 39 19,951
Total additions 2,290,369 19,951
DEDUCTIONS:
Amount allocated to General Fund for principal payment 680,000 -
Interest 255,812 -
Other - staff expenses and miscellaneous 21,063 -
Total deductions 956,875 -
Changes in net position 1,333,494 19,951
NET POSITION (deficit):
Beginning of year (as restated, Note 13)(7,750,024) 1,330,702
End of year (6,416,530)$ 1,350,653$
Town of Danville
Fiduciary Activities
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements.39
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41
NOTES TO THE BASIC FINANCIAL STATEMENTS
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Town of Danville
Index to Notes to the Basic Financial Statements
For the Year Ended June 30, 2021
42
Table of Contents
Page
Note 1 – Reporting Entity……………………………… .................................................................................... 43
Note 2 – Summary of Significant Accounting Policies ...................................................................................... 44
A. Basis of Presentation, Basis of Accounting, and Measurement Focus ..................................................... 44
B. Cash and Investments................................................................................................................................ 46
C. Cash and Investments with Fiscal Agent .................................................................................................. 47
D. Land Held for Redevelopment .................................................................................................................. 47
E. Capital Assets ............................................................................................................................................ 48
F. Unearned Revenues................................................................................................................................... 49
G. Compensated Absences ............................................................................................................................. 50
H. Long-Term Debt ....................................................................................................................................... 50
I. Fund Balance ............................................................................................................................................ 50
J. Net Position ............................................................................................................................................... 51
K. Spending Policies ...................................................................................................................................... 51
L. Property Taxes .......................................................................................................................................... 51
M. Use of Accounting Estimates .................................................................................................................... 51
N. Implementation of New GASB Pronouncements ..................................................................................... 52
Note 3 – Cash and Investments ........................................................................................................................... 52
A. Demand Deposits ...................................................................................................................................... 53
B. Investments ............................................................................................................................................... 54
C. External Investment Pool .......................................................................................................................... 55
D. Restricted Cash and Investments Held with Fiscal Agent ........................................................................ 56
E. Risk Disclosures ........................................................................................................................................ 56
Note 4 – Capital Assets ........................................................................................................................................ 58
A. Governmental Activities ........................................................................................................................... 58
Note 5 – Interfund Transactions ......................................................................................................................... 60
A. Transfers In/Out ........................................................................................................................................ 60
Note 6 – Loans Receivable from Successor Agency to the
Former Community Development Agency ...................................................................................... 60
A. Successor Agency (SA) Cooperative Agreement Loan Receivable ......................................................... 61
Note 7 – Unearned Revenue ................................................................................................................................ 61
Note 8 – Long-Term Obligations ........................................................................................................................ 62
A. Governmental Activities ........................................................................................................................... 62
B. Fiduciary Fund Financial Statements ........................................................................................................ 64
Note 9 – Defined Contribution Pension Plan ..................................................................................................... 65
Note 10 – Fund Balance Classification ............................................................................................................... 66
Note 11 – Risk Management................................................................................................................................ 67
Note 12 – Commitments and Contingencies ...................................................................................................... 68
Note 13 – Prior Period Adjustments ................................................................................................................... 69
Note 14 – Subsequent Events .............................................................................................................................. 69
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Town of Danville
Notes to the Basic Financial Statements
For the Year Ended June 30, 2021
43
Note 1 – Reporting Entity
The Town of Danville is a largely residential community located in the San Ramon Valley area of Contra Costa
County, California. The Town was incorporated as a municipal corporation in 1982, and encompasses eighteen
square miles with a population of 43,906.
The Town operates under the Council-Manager form of government, with five elected Council members served by a
full-time Town Manager and staff. The Town’s staff of 131.25 employees, as well as 30 County Sheriff’s
Department employees under contract with the Town, are responsible for the following Town services:
Public Safety – The Town provides round-the-clock police services from a central station, using trained
personnel provided under contract with the County Sheriff’s Department.
Streets and Roads – The Town builds and maintains its streets, curbs, gutters and related public property
using Town employees. Major projects may be contracted to reduce costs.
Parks and recreation, public improvements, planning, zoning and other services are provided by Town
employees.
Maintenance – In addition to Town staff, the Town employs varying numbers of seasonal personnel for
maintenance and recreation services.
The accompanying financial statements include the financial activities of the Town (the primary government) and its
component units. The component units discussed below are included in the Town’s reporting entity because of the
significance of their operational or financial relationships with the Town, including the Town Council, which acts as
the governing board. In addition, Town staff performs all administrative and accounting functions for these entities,
and these entities provide their services entirely to the Town. These blended component units, although legally
separate entities, are, in substance, part of the Town’s operations.
Town of Danville Financing Authority – The Town of Danville Financing Authority (Authority) is a joint
powers authority that was organized by the Town of Danville (“Town”) and the former Danville Community
Development Agency of the Town of Danville (“CDA”) on December 7, 1993, under the laws of the State of
California. The Authority was organized to provide financial assistance to the Town and former CDA for public
improvements for the benefit of the residents of the Town and the surrounding areas. Administrative and related
normal business expenditures incurred in the day-to-day operations of the Authority are provided by the Town.
Town of Danville Lighting and Landscaping Assessment District - The Lighting and Landscape Assessment
District Fund (District) of the Town of Danville (Town) was formed in 1983 to provide a funding source for the
operation, maintenance and servicing of landscaping, street lighting and Town park facilities within the District.
The District is responsible for Town improvements including future improvements located within incorporated
limits of the Town. Because of varying degrees of operation and maintenance for each improvement type, the
District is separated into four zones: landscaping improvements (Zones A and B), street lighting (Zone C) and
Town parks (Zone D).
The Town created a special revenue fund to account for each zone’s assessment revenues and expenditures. The
District is fully integrated within the Town, which performs all maintenance, administrative and accounting
functions.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
44
Note 2 – Summary of Significant Accounting Policies
A. Basis of Presentation, Basis of Accounting, and Measurement Focus
The basic financial statements of the Town have been prepared in conformity with accounting principles general
accepted of the United States of America ("U.S. GAAP") as applied to governmental agencies. The
Governmental Accounting Standards Board ("GASB") is the accepted standard setting body for establishing
governmental accounting and financial reporting principles.
The accounts of the Town are organized on the basis of funds, each of which is considered a separate accounting
entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise
its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Governmental
resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be
spent and the means by which spending activities are controlled.
The Statement of Net Position/Balance Sheet reports separate sections for deferred outflows of resources and
deferred inflows of resources, when applicable.
Deferred Outflows of Resources represent outflows of resources (consumption of net position) that apply to
future periods and that, therefore, will not be recognized as an expense until that time.
Deferred Inflows of Resources represent inflows of resources (acquisition of net position) that apply to
future periods and that, therefore, are not recognized as revenue until that time.
Government – Wide Financial Statements
The Town’s Government-Wide Financial Statements include a Statement of Net Position and a Statement of
Activities and Changes in Net Position. These statements present summaries of governmental activities for the
Town. Fiduciary activities of the Town are not included in these statements.
These financial statements are presented on an “economic resources” measurement focus and the accrual basis
of accounting. Accordingly, all of the Town’s assets and liabilities, including capital assets, as well as
infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The
Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are
recognized in the period in which they are earned while expenses are recognized in the period in which the
liability is incurred.
Certain types of transactions are reported as program revenues for the Town in three categories:
Charges for services
Operating grants and contributions
Capital grants and contributions
Certain eliminations have been made in regards to interfund activities, payables and receivables. All internal
balances in the Statement of Net Position have been eliminated. The following interfund activities have been
eliminated:
Due To/From Other Funds
Transfers In/Out
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
45
Note 2 – Summary of Significant Accounting Policies (Continued)
A. Basis of Presentation, Basis of Accounting, and Measurement Focus (Continued)
Governmental Fund Financial Statements
All governmental funds are accounted for on a spending or “current financial resources” measurement focus and
the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on
the Balance Sheet. The Statement of Revenues, Expenditures and Changes in Fund Balances presents increases
(revenues and other financing sources) and decreases (expenditures and other financing uses) in net current
assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in
which they become both measurable and available to finance expenditures of the current period.
Revenues are recognized as soon as they are both “measurable” and “available.” Revenues are considered to be
available when they are collectible within the current period as soon as enough thereafter to pay liabilities of the
current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days
of the end of the current fiscal period. The primary revenue sources, which have been treated as susceptible to
accrual by the Town, are property tax, sales tax, intergovernmental revenues and other taxes. Expenditures are
recorded in the accounting period in which the related fund liability is incurred.
The Reconciliation of the Fund Financial Statements to the Government-Wide Financial Statements is provided
to explain the differences.
The Town reports the following major Governmental Funds:
General Fund
The General Fund is the general operating fund of the Town. It is used to account for all financial resources
except those required to be accounted for in another fund. The major revenue sources for this fund are
property taxes, sales taxes, unrestricted revenues from the State, licenses and permits, fines and forfeitures
and interest income. Expenditures are made for administration, legislation, public safety, parks and recreation
and other services.
Lighting and Landscaping Special Revenue Fund
Assessments paid by property owners who receive street lighting services and assessments paid by all
property owners for landscape and park maintenance are received into this Fund. The income is used to pay
energy costs for the street lighting system and community roadside, median and park landscape costs.
Regional Traffic Impact Fees Special Revenue Fund
Development impact fees are collected for local, sub-regional and regional traffic improvements. Sub-
regional and regional fees are collected on behalf of other agencies and distributed to the lead agency for
project construction.
Capital Improvement Capital Projects Fund
This Fund receives contributions from the General Fund for future capital improvements, in accordance with
the Town’s Capital Improvement Program.
Fiduciary Fund Financial Statements
Fiduciary Fund Financial Statements include a Statement of Fiduciary Net Position and a Statement of Changes
in Fiduciary Net Position. The Town’s Fiduciary Funds represent a Private Purpose Trust Fund and a Custodial
Fund. The Fiduciary Funds are accounted for using the accrual basis of accounting.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
46
Note 2 – Summary of Significant Accounting Policies (Continued)
A. Basis of Presentation, Basis of Accounting, and Measurement Focus (Continued)
The Town reports the following Private Purpose Trust Fund:
Successor Agency Trust Fund
The Successor Agency to the former Community Development Agency (“CDA”) of the Town of Danville was
established as a result of the passage of Assembly Bill x1 26, which dissolved all Redevelopment Agencies in
the State of California effective February 1, 2012. On January 10, 2012 pursuant to Health and Safety Code
Section 34173, the Town Council declared that the Town would act in a special limited capacity as Successor
Agency for the dissolved CDA, effective February 1, 2012. The Successor Agency is responsible for day to
day administration of the former CDA, including identification and payment of enforceable and recognized
obligations of the former CDA, and disbursement of available assets. An Oversight board, consisting of seven
members, was appointed to supervise the Successor Agency’s wind down of the former CDA.
The Town reports the following Custodial Fund:
Deposits Custodial Fund
This Fund is comprised of money temporarily deposited with the Town. Examples of deposits include cash
improvement bonds posted by developers, performance bonds posted by contractors, third party pass-through
fees, and employee benefit allocations.
B. Cash and Investments
The Town pools its available cash for investment purposes. The Town’s cash and cash equivalents are considered
to be cash on hand, demand deposits, and short-term investments with original maturity of three months or less
from the date of acquisition. Cash and cash equivalents are combined with investments and displayed as cash and
investments.
Certain disclosure requirements for deposits and investment risks were made in the following areas:
Interest rate risk
Credit risk
Overall
Custodial credit risk
Concentrations of credit risk
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
47
Note 2 – Summary of Significant Accounting Policies (Continued)
B. Cash and Investments (Continued)
In addition, other disclosures are specified including use of certain methods to present deposits and investments,
highly sensitive investments, credit quality at year-end and other disclosures.
Highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized
cost. All other investments are stated at fair value. Market value is used as fair value for those securities for
which market quotations are readily available.
U.S. GAAP defines fair value, establishes a framework for measuring fair value and establishes disclosures about
fair value measurement. Investments, unless otherwise specified, recorded at fair value in the Statements of Net
Position, are categorized based upon the level of judgment associated with the inputs used to measure their fair
value. Levels of inputs are as follows:
Level 1 – Inputs are unadjusted, quoted prices for identical the asset or liability in active markets at the
measurement date.
Level 2 – Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability
through corroboration with market data at the measurement date.
Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would
use in pricing the asset or liability at the measurement date.
The Town maintains a cash and investment pool, which includes cash balances and authorized investments of all
funds, which the Town Treasurer invests to enhance interest earnings. The pooled interest earned is allocated to
each fund based on its average monthly cash and investment balances.
The Town participates in an investment pool managed by the State of California titled Local Agency Investment
Fund (“LAIF”), which has invested a portion of the pool funds in structured notes and asset-backed securities.
LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing
these investments. In addition, these structured notes and asset-backed securities are subject to market risk with
changes in interest rates.
C. Cash and Investments with Fiscal Agents
Certain restricted cash and investments are held by fiscal agents for the redemption of bonded debt and for
acquisition and construction of capital projects.
D. Land Held for Redevelopment
The Successor Agency of the Town holds one parcel of land acquired by the former CDA as part of that entity's
primary purpose before dissolution to develop or redevelop Town properties. The property was deeded to the
Town on March 28, 2016 for capital projects.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
48
Note 2 – Summary of Significant Accounting Policies (Continued)
E. Capital Assets
Capital assets, which include lands, buildings, improvements, furniture, equipment and infrastructure assets (e.g.,
roads, bridges, signal systems and similar items) are reported in the applicable governmental activities in the
Government-Wide Financial Statements.
The Town defines infrastructure as the primary physical assets that allow the Town to conduct its business. The
Town's infrastructure assets include:
Street system
Street signal system
Park and recreation lands and improvement systems
Storm water conveyance system
Bridges
Buildings combined with site amenities such as parking and landscaped areas
Each major infrastructure system can be divided into subsystems. For example, the street system can be
subdivided into the following:
Pavement
Medians
Curb and gutters
Landscaping and land
The detail of these subsystems is not presented in the basic financial statements. However, the operating
departments maintain information regarding the subsystems.
Capital assets are recorded at historical cost or estimated historical cost if actual cost was not available. Donated
assets are valued at their estimated acquisition value on the date donated. Town policy has set the capitalization
thresholds for reporting capital assets at the following:
All buildings (no threshold)
$20,000 for roads and bridges/box culverts
$10,000 for traffic signals and storm drain pipes
$5,000 for furniture, fixtures, equipment, catch basins and manholes
Depreciation is recorded on a straight-line basis over the useful lives of all other assets, except for infrastructure,
as follows:
Building and parking lots 40 years
Park improvements 5 years
Furnitures and equipment 3 - 10 years
Infrastructure 30 - 50 years
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
49
Note 2 – Summary of Significant Accounting Policies (Continued)
E. Capital Assets (Continued)
The Town elected to use the Modified Approach as defined by GASB Statement No. 34 for infrastructure
reporting of its streets, concrete and asphalt pavements. This condition assessment will be performed every three
years. Each homogeneous segment of Town-owned street was assigned a physical condition based on potential
defects. A Pavement Condition Index (PCI) was assigned to each street segment. The PCI is expressed in a
continuous scale from 0 to 100, where 0 is assigned to the least acceptable physical condition and 100 is assigned
to segments of street that have the physical characteristics of a new street.
The following conditions were defined:
Very good condition 70 - 100
Good condition 50-69
Poor condition 26-49
Very poor condition 0 - 25
The Town's policy relative to maintaining the street assets is to achieve an average rating of 65-70 for all street
segments. This acceptable rating allows minor cracking and raveling of the pavement along with minor
roughness that could be noticeable to drivers traveling at the posted speeds.
For all other infrastructure systems, the Town elected to use the Basic Approach as defined by GASB Statement
No. 34. The Town appraised its own infrastructure as of July 1, 2001 and has completed an internal update for
June 30, 2020. The 2001 appraisal determined the original cost, which is defined as the actual cost to acquire new
property in accordance with market prices at the time of first construction/acquisition. Original costs were
developed in one of three ways:
1. Historical records;
2. Standard unit costs appropriate for the construction/acquisition date;
3. Present cost indexed by a reciprocal factor of the price increase from the construction/acquisition date to
the current date.
The accumulated depreciation from the date of construction/acquisition to the current date was computed using
industry accepted life expectancies for each infrastructure subsystem. The book value was then computed by
deducting the accumulated depreciation from the original cost.
F. Unearned Revenues
For the Government-wide Financial Statements, unearned revenue is recognized in connection with a transaction
before the earnings process is completed.
For the Governmental Fund Financial Statements, unearned revenues arise when potential revenues do not meet
both the "measurable" and "available" criteria for recognition in the current period. Unearned revenues also arise
when the government receives resources before it has a legal claim to them, as when grant monies are received
prior to incurring qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met
or when the government has a legal claim to the resources, unearned revenues are removed from the combined
balance sheet and revenue is recognized.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
50
Note 2 – Summary of Significant Accounting Policies (Continued)
G. Compensated Absences
Compensated absences include general leave, which covers vacations up to the cap amount based on years of
services and hire date, and is accounted for in accordance with U.S. GAAP. It is the policy of the Town to pay
when an employee retires or terminates. This amount is funded at a level that recognizes each employee’s ability
to request leave during employment and is included as a liability in the Government-wide Financial Statements.
Compensated absences liabilities of governmental activities are generally liquidated by the General Fund (74%),
Building and Planning Special Revenue Fund (11%), and Other Special Revenue Funds (15%).
H. Long-Term Debt
In the Government-wide Financial Statements, long-term debt is reported as liabilities. Bonds payable are
reported net of the applicable bond premium or discount.
For Governmental Fund Financial Statements, bond premiums and discounts, as well as bond issuance costs, are
recognized during the current period. Bond proceeds are reported as other financing sources net of the applicable
premium or discount. Issuance costs, whether or not withheld from the actual net proceeds received, are reported
as debt service expenditures.
I. Fund Balance
In the Governmental Fund Financial Statements, fund balances are classified in the following categories:
Nonspendable – Items cannot be spent because they are not in spendable form, such as prepaid items and
inventories, items that are legally or contractually required to be maintained intact, such as principal of an
endowment or revolving loan funds.
Restricted – Restricted fund balances encompass the portion of net fund resources subject to externally
enforceable legal restrictions. This includes externally imposed restrictions by creditors, such as through debt
covenants, grantors, contributors, laws or regulations of other governments, as well as restrictions imposed
by law through constitutional provisions or enabling legislation.
Committed – Committed fund balances encompass the portion of net fund resources, the use of which is
constrained by limitations that the government imposes upon itself at its highest level of decision making
(normally the governing body) and that remain binding unless removed in the same manner. The Town
Council is considered the highest authority for the Town. A Town resolution is required to have fund balance
committed.
Assigned – Assigned fund balances encompass the portion of net fund resources reflecting the government’s
intended use of resources. Assignment of resources can be done by the highest level of decision making or by
a committee or official designated for that purpose. The Town Council has authorized the Town Manager
and the Finance Manager/Treasurer for that purpose.
Unassigned – This category is for any balances that have no restrictions placed upon them. The General
Fund is the only fund that reports a positive unassigned fund balance amount. In other governmental funds it
is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds
other than the General Fund, if expenditures incurred for specific purposes exceed the amounts that are
restricted, committed, or assigned to those purposes, it may be necessary to report a negative unassigned fund
balance in that fund.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
51
Note 2 – Summary of Significant Accounting Policies (Continued)
J. Net Position
For the Government-Wide Financial Statements, net position is classified in the following categories:
Net Investment in Capital Assets component of net position consists of capital assets net of accumulated
depreciation, reduced by the outstanding balances of bonds, mortgages, notes, or other borrowings that are
attributable to the acquisition, construction, or improvement of those assets.
Restricted component of net position consists of restricted assets reduced by liabilities and deferred inflows
of resources related to those assets.
Unrestricted component of net position is the amount of the assets, deferred outflows of resources,
liabilities, and deferred inflows of resources that are not included in the determination of net investment in
capital assets or the restricted component of net position.
K. Spending Policies
For Government-Wide Financial Statements, when an expense is incurred for purposes for which both restricted
and unrestricted net position are available, the Town’s policy is to apply restricted net position first.
For Governmental Fund Financial Statements, the Town’s policy is to spend restricted fund balances first,
before spending unrestricted fund balances, for expenditures incurred for purposes for which both restricted and
unrestricted fund balances are available, except for instances wherein a Town ordinance or resolution specifies
the funding source or a fund balance to use.
The Town’s policy is that committed and assigned fund balances are considered to have been spent first before
unassigned fund balances have been spent, when expenditures are incurred for purposes for which amounts in
any of those unrestricted fund balance classifications could be used, except for instances wherein a Town
ordinance specifies the fund balance to use.
L. Property Taxes
Revenue is recognized in the fiscal year for which the tax and assessment is levied. The County of Contra Costa
levies, bills and collects property taxes and special assessments for the Town and remits the full assessment
regardless of the amounts received under a Teeter plan arrangement.
Property Tax Secured Unsecured
Lien Date January 1 January 1
(Preceding fiscal year) (Preceding fiscal year)
Due Date November 1 & February 1 August 31
Delinquent Date December 10 & April 10 September 1
M. Use of Accounting Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates
and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the
disclosure of contingent assets and liabilities. In addition, estimates affect the reported amount of expenses.
Actual results could differ from these estimates and assumptions.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
52
Note 2 – Summary of Significant Accounting Policies (Continued)
N. Implementation of New GASB Pronouncements
During fiscal year ended June 30, 2021, the Town has implemented the following new GASB Pronouncements:
In January 2017, GASB issued Statement No. 84, Fiduciary Activities (GASB Statement No. 84), to improve
guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and
how those activities should be reported. The statement establishes criteria for identifying fiduciary activities of
all state and local governments. It also provides for recognition of a liability to the beneficiaries in a fiduciary
fund when an event has occurred that compels the government to disburse fiduciary resources.
In June 2018, GASB issued Statement No. 89, Accounting for Interest Cost Incurred before the End of a
Construction Period (GASB Statement No. 89), to (1) enhance the relevance and comparability of information
about capital assets and the cost of borrowing for a reporting period and (2) simplify accounting for interest cost
incurred before the end of a construction period. This statement requires that interest cost incurred before the end
of a construction period be recognized as an expense in the period in which the cost is incurred for financial
statements prepared using the economic resources measurement focus. As a result, interest cost incurred before
the end of a construction period will not be included in the historical cost of a capital asset reported in a business-
type activity or enterprise fund.
In August 2018, GASB issued Statement No. 90, Majority Equity Interests – an Amendment of GASB
Statements No. 14 and No. 61 (GASB Statement No. 90), to improve the consistency and comparability of
reporting a government’s majority equity interest in a legally separate organization and to improve the relevance
of financial statement information for certain component units. This statement requires that a component unit in
which a government has a 100 percent equity interest account for its assets, deferred outflows of resources,
liabilities, and deferred inflows of resources at acquisition value at the date the government acquired a 100
percent equity interest in the component unit. Implementation of this statement was not applicable because the
Town did not have any majority equity interests.
Note 3 – Cash and Investments
The following is a summary of pooled cash and investments, including restricted cash and investments held by the
Town, and cash and investments held by fiscal agents, at June 30, 2021:
Primary
Government Fiduciary
Governmental Fund Financial
Activities Statements Total
Cash and investments 66,205,543$ 1,913,512$ 68,119,055$
Restricted cash and investments:
Held by Town 27,814,973 - 27,814,973
Subtotal held by Town 94,020,516 1,913,512 95,934,028
Held by fiscal agents 1,623,438 636,249 2,259,687
Total cash and investments 95,643,954$ 2,549,761$ 98,193,715$
At June 30, 2021, cash and investments, excluding restricted cash and investments held by fiscal agent, are reported
at fair value based on quoted market prices. The following table presents the fair value measurements of investments
recognized in the accompanying Statement of Net Position measured at fair value on a recurring basis and the level
within GASB 72 fair value hierarchy in which the fair value measurements fall at June 30, 2021:
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
53
Note 3 – Cash and Investments (Continued)
Percentage of Measurement
Investment Type Fair Value Investments Input
Demand deposits 1,326,107$ N/A N/A
Investments:
U.S. Securities:
U.S. Treasury 22,216,256 23.48% Level 2
Federal Securities 36,064,950 38.12% Level 2
Asset Backed Securities 3,406,141 3.60% Level 2
Inter-American Dev Bank Note 1,114,157 1.18% Level 2
Int'l Bank Recon & Development 353,830 0.37% Level 2
U.S. Corporate Notes/FDIC:
Apple Inc. Callable 750,057 0.79% Level 2
Berkshire Hathaway Note 1,023,651 1.08% Level 2
Paccar Financial Corp. Note 510,161 0.54% Level 2
Chevron Corp Callable Note 261,096 0.28% Level 2
Toyota Motor Credit Corp 1,036,115 1.10% Level 2
US Bank NA Callable Note 778,034 0.82% Level 2
Bank of NY Mellon Corp Callable Note 779,597 0.82% Level 2
Apple Inc. Note 778,112 0.82% Level 2
Wal-Mart Stores Callable Note 847,805 0.90% Level 2
American Honda Finance Note 1,021,668 1.08% Level 2
John Deere Capital Corp Note 614,369 0.65% Level 2
Amazon.com Inc. Callable Note 568,934 0.60% Level 2
Caterpillar Financial Service Note 902,269 0.95% Level 2
John Deere Capital Corp Note 538,391 0.57% Level 2
JP Morgan Chase & Co. Callable Note 748,620 0.79% Level 2
Local Agency Investment Fund (LAIF) 20,151,592 21.30% N/A
Money Market Funds 142,116 0.15% N/A
Total investments 94,607,921 100.00%
Total cash and investments 95,934,028$ Investments securities classified in Level 2 of the fair value hierarchy are valued using prices determined by the
use of matrix pricing techniques maintained by the pricining vendors for these securities. Matrix pricing is used
to value securities based on the securities’ relationship to benchmark quoted prices.
A. Demand Deposits
The carrying amounts of the Town's cash deposits were $1,326,107 at June 30, 2021. Bank balances as of
June 30, 2021, were $1,326,144 which were fully insured and collateralized with securities held by the pledging
financial institutions in the Town’s name as discussed in the following.
The California Government Code (Code) requires California banks and savings and loan associations to secure
the Town's cash deposits by pledging securities as collateral. This Code states that collateral pledged in this
manner shall have the effect of perfecting a security interest in such collateral superior to those of a general
creditor. Thus, collateral for cash deposits is considered to be held in the Town's name.
The market value of pledged securities must equal at least 110% of the Town's cash deposits. California law also
allows institutions to secure Town deposits by pledging first trust deed mortgage notes having a value of 150%
of the Town's total cash deposits. The Town has waived collateral requirements for cash deposits that are fully
insured up to $250,000 by the Federal Deposit Insurance Corporation.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
54
Note 3 – Cash and Investments (Continued)
B. Investments
The Town reviews and refines its Investment Policy (Policy) annually, with the most recent revision approved by
the Town Council on November 19, 2019. The Policy states that the primary investment objective is safety with
investments being legally permitted and sufficiently liquid to meet forecasted needs. Maximization of interest
earnings is a secondary objective.
Further, the Policy states that the Town Treasurer has the ultimate responsibility to protect, preserve and maintain
cash and investments.
The Policy also established internal controls and reporting requirements and stipulates "Permitted Investments
and Limitation on Investments".
The Town is authorized by State statutes (California Government Code 53601) and in accordance with the
Town's Policy to invest in the following:
U.S. Treasury Securities
U.S. Government Federal Agencies
Certificates of Deposit
Bankers Acceptances
Commercial Paper (Corporations)
Medium-Term Corporate Notes
Repurchase Agreements collateralized by U.S. Securities or U.S. Government Federal Agencies
California Local Agency Investment Fund (LAIF)
U.S. Government Mortgage Pass-Through Securities
Collateralized Mortgage Obligations (CMOs)
Asset-Backed Securities (ABS)
Money Market Mutual Funds
Passbook Savings and Demand Deposits Accounts
Additionally, the Town's Policy specifies the maximum percentage of the total investment portfolio that may be
held in each of the aforementioned securities.
In addition to State statutes, the Town establishes that funds on deposit in banks must be federally insured or
collateralized and investments shall:
(1) have maximum maturity not to exceed five years;
(2) be laddered and based on cash flow forecasts; and
(3) be subject to limitations to a certain percent of the portfolio for each of the authorized investments.
Investments were stated at fair value using the aggregate method in all funds and component units, resulting in
the following investment earnings in all funds and component units:
Interest earnings 1,225,739$
Unrealized gain (loss) on changes in fair value
of investments (1,051,236)
Total investment earnings 174,503$
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
55
Note 3 – Cash and Investments (Continued)
B. Investments (Continued)
The Town’s investment practices are in compliance with California Government Code 53601 et seq., and the
Town’s Policy. Securities that are purchased and maintain their rating are held to maturity with no exception.
Therefore, while GASB Statement No. 31 requires that investments be stated as “fair value” for annual financial
reporting purposes, the Town cannot realize either gains or losses in this valuation of the investments.
C. External Investment Pool
The Town invests in the Local Agency Investment Fund (LAIF), a State of California external investment pool.
The LAIF determines fair value on its investment portfolio based on market quotations for those securities where
market quotations are readily available and based on amortized cost or best estimate for those securities where
market value is not readily available. The Town’s investments with the LAIF at June 30, 2021, include a portion
of the pool funds invested in Structured Notes and Asset-Backed Securities.
These investments may include the following:
Structured Notes which are debt securities (other than asset-backed securities) with cash flow characteristics
(coupon rate, redemption amount, or stated maturity) that depend upon one or more indices and/or that have
embedded forwards or options.
Asset-Backed Securities, the bulk of which are mortgage-backed securities, entitle its purchasers to receive a
share of the cash flows from a pool of assets such as principal and interest repayments from a pool of
mortgages (such as CMO’s) or credit card receivables.
As of June 30, 2021, the Town had $20,151,592 invested in the LAIF, which had invested 1.10% of the pool
investment funds in structured notes and asset-backed securities.
The fair value of the Town’s position in the LAIF pool is the same as the value of the pool shares.
The Pooled Money Investment Board provides oversight to the State Treasurer’s pooled investment program.
The purpose of the board is to design and administer an effective cash management and investment program,
using all monies flowing through the State Treasurer’s Office bank accounts and keeping all available funds
invested in a manner consistent with the goals of safety, liquidity, and yield. The Pooled Money Investment
Board is comprised of the State Treasurer as chair, the State Controller, and the Director of Finance. The
investment program is not registered with the Securities and Exchange Commission as an investment company.
The State Treasurer’s Office reports its investments at fair value. The fair value of securities in the State
Treasurer’s pooled investment program generally is based off of quoted market prices. The value of deposits in
the State Treasurer’s pooled investment program, including the Local Agency Investment Fund, is equal to the
dollars deposited in the program.
Certain funds have elected to participate in the pooled investment program even though they have the authority
to make their own investments. Others may be required by legislation to participate in the program; as a result,
the deposits of these funds or accounts may be considered voluntary. However, these funds or accounts are part
of the State’s reporting entity. The remaining participation in the pool, the Local Agency Investment Fund, is
voluntary.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
56
Note 3 – Cash and Investments (Continued)
D. Restricted Cash and Investments Held with Fiscal Agent
Restricted cash and investments with fiscal agents, which can be only used for specific capital outlays, payment
of certain long-term debt and maintaining required reserves, consists of $1,623,438 in the Governmental-wide
Statement of Net Position and $636,249 in the Statement of Fiduciary Net Position. These funds have been
invested only as permitted by specific State statutes governing these investments or by applicable Town
ordinance, resolution or bond indenture.
E. Risk Disclosures
Interest Rate Risk
As a means of limiting its exposure to fair value losses arising from rising interest rates, the Town’s Policy
provides that final maturities of securities limits as follows:
Maturity
Maximum
Investment
Up to six months 25%
Six months to five years 75%
Specific maturities of investments depend on liquidity needs. At June 30, 2021, the Town's pooled cash and
investments had the following maturities:
Investment Type Fair Value 1 year or less 1-2 years 2-3 years 3-4 years 4-5 years
Demand deposits 1,326,107$ 1,326,107$ -$ -$ -$ -$
Investments:
U.S. Securities:
U.S. Treasury 22,216,256 5,345,232 4,970,512 6,024,590 5,875,922 -
Federal Securities 36,064,950 5,550,990 16,769,719 13,744,241 - -
Asset Backed Securities 3,406,141 15,679 102,641 700,643 1,309,759 1,277,419
Inter-American Dev Bank Note 1,114,157 1,114,157 - - - -
Int'l Bank Recon & Development 353,830 - - 353,830 - -
U.S. Corporate Notes/FDIC:
Apple Inc. Callable 750,057 750,057 - - - -
Berkshire Hathaway Note 1,023,651 1,023,651 - - - -
Paccar Financial Corp. Note 510,161 - 510,161 - - -
Chevron Corp Callable Note 261,096 - 261,096 - - -
Toyota Motor Credit Corp 1,036,115 - 1,036,115 - - -
US Bank NA Callable Note 778,034 - 778,034 - - -
Bank of NY Mellon Corp Callable Note 779,597 - 779,597 - - -
Apple Inc. Note 778,112 - 778,112 - - -
Wal-Mart Stores Callable Note 847,805 - 847,805 - - -
American Honda Finance Note 1,021,668 - - 1,021,668 - -
John Deere Capital Corp Note 614,369 - - 614,369 - -
Amazon.com Inc. Callable Note 568,934 - - 568,934 - -
Caterpillar Financial Service Note 902,269 - - 902,269 - -
John Deere Capital Corp Note 538,391 - - 538,391 - -
JP Morgan Chase & Co. Callable Note 748,620 - - - 748,620 -
Local Agency Investment Fund (LAIF) 20,151,592 20,151,592 - - - -
Money Market Funds 142,116 142,116 - - - -
Total investments 94,607,921 34,093,474 26,833,792 24,468,935 7,934,301 1,277,419
Total cash and investments 95,934,028$ 35,419,581$ 26,833,792$ 24,468,935$ 7,934,301$ 1,277,419$
Maturities (in years)
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
57
Note 3 – Cash and Investments (Continued)
E. Risk Disclosures (Continued)
Credit Risk
Credit risk is the risk that a security or a portfolio will lose some or all of its value due to a real or perceived
change in the ability of the issuer to repay its debt. According to the Town’s Policy, no more than 5% of the total
portfolio may be invested in securities of any single issuer, other than the U.S. Government, its agencies and
instrumentalities and the LAIF. If a security (other than the LAIF) is downgraded by either Moody’s or S&P to a
level below the minimum quality required by the Town, the Town will determine whether to retain or liquidate
the security based upon criteria set forth in the Town’s Policy.
At June 30, 2021, the Town's investments are rated as follows:
Moody's S&P
Investments:
U.S. Securities:
U.S. Treasury Aaa AA+
Federal Securities Aaa AA+
Asset Backed Securities Aaa AAA
Inter-American Dev Bank Note Aaa AAA
Int'l Bank Recon & Development Aaa AAA
U.S. Corporate Notes/FDIC:
Apple Inc. Callable Aa1 AA+
Berkshire Hathaway Note Aa2 AA
Paccar Financial Corp. Note A1 A+
Chevron Corp Callable Note Aa2 AA-
Toyota Motor Credit Corp A1 A+
US Bank NA Callable Note A1 AA-
Bank of NY Mellon Corp Callable Note A1 A
Apple Inc. Note Aa1 AA+
Wal-Mart Stores Callable Note Aa2 AA
American Honda Finance Note A3 A-
John Deere Capital Corp Note A2 A
Amazon.com Inc. Callable Note A1 AA
Caterpillar Financial Service Note A2 A
John Deere Capital Corp Note A2 A
JP Morgan Chase & Co. Callable Note A2 A-
Local Agency Investment Fund (LAIF) Not Rated Not Rated
Money Market Funds Aaa AAA
Credit Quality Rating
Custodial Credit Risk
For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the Town
will not be able to recover the value of its investments or collateral securities that are in the possession of an
outside party. The Town does not have any custodial credit risk.
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
58
Note 4 – Capital Assets
A. Governmental Activities
Summary of changes in capital assets for the year ended June 30, 2021 was as follows:
Balance Transfers/ Balance
July 1, 2020 Additions Retirements Reclassifications June 30, 2021
Governmental Activities:
Capital assets, not being depreciated
Land 31,221,867$ -$ -$ -$ 31,221,867$
Construction in progress 21,660,504 3,860,934 (1,568) (90,094) 25,429,776
Infrastructure - streets, concrete & asphalt pavements 93,075,885 - - - 93,075,885
Total capital assets not being depreciated 145,958,256 3,860,934 (1,568) (90,094) 149,727,528
Capital assets being depreciated
Buildings and parking lots/street 39,873,605 - (4,930) 90,094 39,958,769
Park improvements 24,041,510 - - - 24,041,510
Furniture and equipment 4,978,441 50,423 (64,988) - 4,963,876
Infrastructure:
Drainage system 56,689,603 - - - 56,689,603
Bridges 11,069,233 - - - 11,069,233
Signal system 6,997,956 - - - 6,997,956
Total capital assets being depreciated 143,650,348 50,423 (69,918) 90,094 143,720,947
Accumulated depreciation
Buildings and parking lots (12,718,789) (1,105,929) - - (13,824,718)
Park improvements (21,685,367) (271,560) - - (21,956,927)
Furniture and equipment (4,547,459) (185,954) 76,925 - (4,656,488)
Infrastructure:
Drainage system (56,209,211) (23,728) - - (56,232,939)
Bridges (7,618,227) (162,390) - - (7,780,617)
Signal system (5,605,829) (127,106) - - (5,732,935)
Total accumulated depreciation (108,384,882) (1,876,667) 76,925 - (110,184,624)
Total capital assets, being depreciated, net 35,265,466 (1,826,244) 7,007 90,094 33,536,323
Governmental activities capital assets, net 181,223,722$ 2,034,690$ 5,439$ -$ 183,263,851$
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
59
Note 4 – Capital Assets (Continued)
A. Governmental Activities (Continued)
Depreciation expenses by program for capital assets for the year ended June 30, 2021, were as follows:
Police Services
Building $ 19,250
Furniture & equipment (vehicle) 57,918
Subtotal 77,168
Maintenance Services
Building 489,875
Parking lots 270,907
Park improvements 466,895
Furniture & equipment (vehicle) 74,962
Subtotal 1,302,639
Development Services
Furniture & equipment (vehicle) 7,846
Infrastructure - drainage 23,728
Infrastructure - bridge 162,390
Subtotal 193,964
Transportation Services
Furniture & equipment (vehicle) 1,362
Infrastructure - signal 127,106
Subtotal 128,468
Administrative Services
Building 1,212
Furniture & equipment (vehicle) 37,062
Subtotal 38,274
Parks and Recreation Services
Building 126,491
Park improvements 2,859
Furniture & equipment (vehicle) 6,804
Subtotal 136,154
Total depreciation expense $ 1,876,667
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
60
Note 5 – Interfund Transactions
A. Transfers In/Out
Transfers in/out for the year ended June 30, 2021, were as follows:
Lighting Capital
Landscape Improvement
Special Capital Non-Major
General Revenue Projects Governmental
Fund Fund Fund Fund
Transfers Out (1)(4)(2)(2)(3)Total
General Fund -$ 900,000$ 1,925,240$ -$ 2,825,240$
Lighting & Landscape
Special Revenue Fund 292,039 - - - 292,039
Regional Traffic Impact Fees
Special Revenue Fund - 300,000 - - 300,000
Capital Improvement
Capital Projects Fund 250,000 - - - 250,000
Non-Major Governmental Fund 5,514 - - 125,000 130,514
Total 547,553$ 1,200,000$ 1,925,240$ 125,000$ 3,797,793$
Transfers In
The following are explanations for the transfers in and out:
(1) Transfers in to the General Fund were for overhead expenses chargeable to Special Revenue Funds.
(2) Transfers in to the Capital Improvement Capital Projects Fund and Lighting and Landscape Special
Revenue Fund were to fund various capital projects.
(3) Transfers in to the Non-Major Governmental Funds from other Non-Major Governmental Funds
were to fund various capital projects.
(4) Transfers in to the General Fund from the Non-Major Governmental Funds were for reimbursements
for administration.
Note 6 – Loans Receivable from Successor Agency to the Former Community Development Agency
In the fiscal year 2012, the Successor Agency Trust Fund was established to replace the Town's Community
Development Agency. Below are the accounts and transactions as of and for the year ended June 30, 2021:
Government-Wide Financial Statements
Loans Receivable
Cooperative Loan Agreement $ 5,059,401
Total $ 5,059,401
Reimbursements from Successor Agency $ 789,051
Funds Financial Statements
General Fund
Due from Successor Agency from
Former Community Development Agency 5,059,401$
Total 5,059,401$
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
61
Note 6 – Loans Receivable from Successor Agency to the Former Community Development Agency
(Continued)
A. Successor Agency (SA) Cooperative Agreement Loan Receivable
Prior to the State of California's (State) dissolution of all redevelopment agencies, the Town of Danville and the
former Community Development Agency (CDA) had entered into a Cooperation Agreement (Agreement), under
which the Town advanced funds to the former CDA that were subject to later repayment by the former CDA. The
Successor Agency to the former CDA and the Successor Agency's Oversight Board approved re-entry into the
Agreement, as provided for in AB 1X 26 (the Dissolution Act).
The State Department of Finance determined that the Agreement was not an enforceable obligation, leading the
Town to file a lawsuit in the Sacramento County Superior Court (Superior Court) against the State challenging
that determination. The Town won its suit in Superior Court, leading to an appeal by the State. In May 2015, the
State dismissed its appeal, and at the same time, the Department of Finance accepted the Agreement as an
enforceable obligation. As a result, the Town received its first payment in June 2015 under the Agreement.
The Agreement incorporated the following payment schedule, which the Successor Agency and the Town will
follow when preparing future Recognized Obligation Payment Schedule (ROPS) statements. However, due to
the fact that the State refused to allow payment for the first several years post-dissolution, those amounts will be
paid in years subsequent to those shown in the Agreement. Therefore, an additional $3,195,604 was approved in
addition to the original amount and was recognized as special item in the basic financial statements.
Fiscal Year Amount
2021-2022 1,100,000$
2022-2023 1,100,000
2023-2024 1,100,000
2024-2025 1,100,000
2025-2026 659,401
Total 5,059,401$
Note 7 – Unearned Revenue
Unearned revenue in Government-Wide Financial Statements and governmental funds statements represents amounts
for which revenues have not been earned. At June 30, 2021, unearned revenues in the Government-Wide Financial
Statements and governmental funds statements were as follows:
Governmental
Activities
Business Licenses $ 159,032
Other Town-reimbursed fees 205,845
Recreation program registration 248,652
Total $ 613,529
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
62
Note 8 – Long-Term Obligations
A. Governmental Activities
A summary of changes in long-term debt for the year ended June 30, 2021 is as follows:
Due Due in
Balance Balance Within More than
Description July 1, 2020 Additions Retirements June 30, 2021 One Year One Year
Publicly offered COPs:
2001 issue 2,645,000$ -$ (325,000)$ 2,320,000$ 340,000$ 1,980,000$
2005 issue 3,610,000 - (175,000) 3,435,000 180,000 3,255,000
Compensated absences 1,049,029 740,013 (814,152) 974,890 110,000 864,890
Total 7,304,029$ 740,013$ (1,314,152)$ 6,729,890$ 630,000$ 6,099,890$
Classification
Certificates of Participation – 2001 Issue
The Town issued $6,700,000 principal amount of 2001 Certificates of Participation (2001 COPs) on
October 1, 2001. The purpose of the 2001 COPs was to provide funds to refund the outstanding 1992 Certificates
of Participation, to defease the 1994 Tax Allocation Bonds, and to provide funds for the lease of certain real
property and improvements. The 2001 COPs in the amount of $3,745,000 matured on September 1, 2018, and
bore interest rates ranging from 3.50% to 4.625%. The 2001 COPs in the amount of $635,000 mature through
September 1, 2020, and bear interest at the rate of 4.75% per annum. The 2001 COPs in the amount of
$2,320,000 mature through September 1, 2026, and bear interest at the rate of 5.00% per annum. In the event of
default, there is no acceleration clause. The Town will only be liable for lease payments on an annual basis as
they come due and the trustee woud be required to seek separate judgments for the annual lease payments.
The 2001 COPs are payable semiannually on each March 1 and September 1, commencing March 1, 2002 and
are subject to optional and mandatory early redemption provisions.
The annual debt service requirements for the 2001 COPs outstanding at June 30, 2021 are as follows:
For the Years Ending
June 30,Principal Interest Total
2022 $ 340,000 $ 107,500 $ 447,500
2023 355,000 90,125 445,125
2024 380,000 71,750 451,750
2025 395,000 52,375 447,375
2026 415,000 32,125 447,125
2027 435,000 10,875 445,875
Total $ 2,320,000 $ 364,750 $ 2,684,750
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Town of Danville
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
63
Note 8 – Long-Term Obligations (Continued)
A. Governmental Activities (Continued)
Certificates of Participation – 2005 Issue
The Town issued $5,600,000 principal amount of 2005 Certificates of Participation (2005 COPs) on
March 1, 2005. The purpose of the 2005 COPs was to provide funds to finance the acquisition and improvement
of certain property for use as a public parking facility and other capital improvements with the Town. The 2005
COPs in the amount of $3,155,000 mature through March 1, 2026, and bear interest rates ranging from 4.000%
to 4.625%. The 2005 COPs in the amount of $965,000 mature through March 1, 2030, and bear interest at the
rate of 4.625% per annum. In the event of default, there is no acceleration clause, however, the Town may be
forced to relinquish possession and use of the property until the curing of such default.
The 2005 COPs in the amount of $1,480,000 mature through March 1, 2035, and bear interest at the rate of
4.625% per annum. The 2005 COPs are payable semiannually on each March 1 and September 1, commencing
September 1, 2005. The 2005 COPs are subject to optional and mandatory early redemption provisions.
The annual debt service requirements for the 2005 COPs outstanding at June 30, 2021, are as follows:
For the Years Ending
June 30,Principal Interest Total
2022 $ 180,000 $ 157,676 $ 337,676
2023 190,000 149,800 339,800
2024 200,000 141,250 341,250
2025 205,000 132,250 337,250
2026 215,000 123,025 338,025
2027-2031 1,235,000 456,488 1,691,488
2032-2035 1,210,000 143,375 1,353,375
Total $ 3,435,000 $ 1,303,864 $ 4,738,864
In accordance with the final Recognized Obligation Payment Schedule (ROPS) approved for the Successor
Agency to the the former Community Development Agency by the State Department of Finance, the Town
receives annual repayments from the Successor Agency in an amount equivalent to the annual principal and
interest payments for the 2001 and 2005 COPs.
Compensated Absences
The Town's liability for vested and unpaid compensated absences (accrued vacation and sick pay) has been
accrued and amounts to $974,890 at June 30, 2021. It is estimated that $110,000 will be needed to cover
employees who leave employment within one year.
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Note 8 – Long-Term Obligations (Continued)
B. Fiduciary Fund Financial Statements
Summary of changes in long-term obligations for the year ended June 30, 2021 was as follows:
Due Due in
Balance Balance Within More than
Description July 1, 2020 Additions Retirements June 30, 2021 One Year One Year
Loans payable 2,285,000$ -$ (180,000)$ 2,105,000$ 195,000$ 1,910,000$
Total 2,285,000$ -$ (180,000)$ 2,105,000$ 195,000$ 1,910,000$
Classification
Loan Payable
The Authority issued $3,570,000 principal amount of Taxable Revenue Bonds, 2001 Series A (Bonds) on
December 1, 2001. The proceeds of the Bonds were loaned to the former CDA pursuant to a Loan Agreement,
dated as of December 1, 2001 and used to finance low and moderate income housing project within the project
area. The Bonds in the amount of $35,000 matured through August 1, 2006, and bore interest at the rate of 6.15%
per annum. The Bonds in the amount of $260,000 mature through August 1, 2011, and bear interest at the rate of
7.25% per annum. The Bonds in the amount of $1,170,000 mature through August 1, 2020, and bear interest at
the rate of 8.15% per annum. The Bonds in the amount of $2,105,000 mature through August 1, 2028, and bear
interest at the rate of 8.50% per annum.
The Bonds are payable seminannually on each February 1 and August 1, commencing August 1, 2002. The
Bonds are subject to optional and mandatory early redemption provisions.
The Bonds are special obligations of the Authority payable from and secured by loan payments made by the
former CDA under the Loan Agreement and certain other amounts on deposit in the funds and accounts
established under the Indenture. The Loan Agreement is secured by the tax increment revenues of the former
CDA. This loan has been transferred to the Successor Agency Trust Fund.
The annual debt service requirements for the Bonds outstanding at June 30, 2021 are as follows:
For the Years Ending
June 30,Principal Interest Total
2022 $ 195,000 $ 170,638 $ 365,638
2023 210,000 153,425 363,425
2024 230,000 134,725 364,725
2025 250,000 114,325 364,325
2026 270,000 92,225 362,225
2027-2029 950,000 125,801 1,075,801
Total $ 2,105,000 $ 791,139 $ 2,896,139
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Notes to the Basic Financial Statements (Continued)
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Note 9 – Defined Contribution Pension Plan
A. Section 401(a) Qualified Defined Contribution Pension Plan
All qualified Town employees participate in the Section 401(a) qualified defined contribution pension plan as
allowed under the Internal Revenue Code. The plan type sponsored by the Town is the Money Purchase Plan
(Plan), which was last amended on July 1, 2010. The Plan is a defined contribution retirement plan in which the
employer's contribution is nondiscretionary and is based on a formula that is not related to profits. The Plan
sponsor guarantees no benefit and bears no investment risk while the Plan participants bear all investment risk
and have no guaranteed level of benefits.
An administrative committee comprised of Town personnel governs the Plan. The Town Council has the
authority to establish or amend the Plan's provisions. The Plan's provisions and contribution requirements are
established and may be amended by Town Council resolution.
Eligible employees begin participating the first day of the month following their employment date of work. The
Plan is entirely funded by Town contributions of 15% of the participants' gross pay for employees who contribute
5% of their salary to the deferred compensation plan. The Town's contributions vest at 20% per plan year of
uninterrupted employment.
Participants are eligible to begin receiving benefits at age 55 and are required to begin receiving benefits no later
than April after age 70-1/2. The employees may also roll their funds to another retirement plan upon separation
of service.
The Town's payroll for employees covered by the Plan for the year ended June 30, 2021, was $8,163,615. Total
employee contributions paid by the Town amounted to $1,219,788 or 15.18% of covered payroll and of total
payroll.
The Plan's assets are invested with Lincoln National Life, a mutual fund company that offers participants
multiple mutual fund category selections from which they can choose. As of June 30, 2021, the Plan had 159
participants and the market value of the Plan amounted to $27,485,176.
B. Section 415(m) Benefit Restoration Plan
Qualified Town employees may participate in a Section 415(m) benefit restoration plan (415 Plan) as allowed
under the Internal Revenue Code. The 415 Plan is a qualified governmental excess benefit arrangement for
employees who are not able to receive their entire contribution to the Section 401(a) Plan because of the
application of Internal Revenue Code Section 415. The 415 Plan is a defined contribution retirement plan in
which the employer's contribution is nondiscretionary and is based on a formula that is not related to profits. The
Plan sponsor guarantees no benefit and bears no investment risk while the Plan participants bear all investment
risk and have no guaranteed level of benefits.
Participants are eligible to begin receiving benefits at age 55 and are required to begin receiving benefits no later
than April after age 70-1/2.
The Plan's assets are invested with a mutual fund company that offers participants multiple mutual fund category
selections from which they can choose. Total employee contributions paid by the Town amounted to $57,030. As
of June 30, 2021, the Plan had two participants and the market value of the Plan amounted to $358,103.
The Defined Contribution Pension Plan and the Benefit Restoration Plan are not included in the accompanying
financial statements.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
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Note 10 – Fund Balance Classification
At June 30, 2021, fund balances are classified as follows:
Regional Traffic
Lighting Impact Fee Capital
and Special Improvement Non-Major
General Landscape Revenue Project Governmental
Fund Fund Fund Fund Funds Total
Fund Balances:
Nonspendable
Due from Successor Agency of Former CDA $ 3,959,401 $ - $ - $ - $ - $ 3,959,401
Prepaid items 105,487 - - - - 105,487
Total nonspendable 4,064,888 - - - - 4,064,888
Restricted
Special revenue - 1,628,275 4,362,843 - 22,637,775 28,628,893
Debt services 809,518 - - - - 809,518
Total restricted 809,518 1,628,275 4,362,843 - 22,637,775 29,438,411
Committed
Capital projects 12,308,924 - - 21,569,461 8,443,676 42,322,061
Operating reserve 13,809,768 - - - - 13,809,768
Contingency 834,787 - - - - 834,787
Reward fund 10,000 - - - - 10,000
Compensated absences/personnel 1,195,339 - - - - 1,195,339
Total committed 28,158,818 - - 21,569,461 8,443,676 58,171,955
Assigned
Townwide bonus program 26,000 - - - - 26,000
Town Council 5,000 - - - - 5,000
Emergency preparedness COVID-19 78,256 - - - - 78,256
Finance consulting services 40,000 - - - - 40,000
Information technology consulting services 20,000 - - - - 20,000
Human resources temporary salaries 40,000 - - - - 40,000
ED retail incentive program 153,229 - - - - 153,229
ED retail consultant 13,015 - - - - 13,015
Transportation equipment maintenance 22,000 - - - - 22,000
Townwide special events equipment 5,000 - - - - 5,000
Lighting and landscaping - 2,845,856 - - - 2,845,856
Total assigned 402,500 2,845,856 - - - 3,248,356
Unassigned 1,100,000 - - - - 1,100,000
Total fund balance 34,535,724$ 4,474,131$ 4,362,843$ 21,569,461$ 31,081,451$ 96,023,610$
Major Funds
Operating Reserve
The Town maintains a minimum operating reserve of 20% of the fiscal year operating budget, which may only be
used in the event of a financial emergency, subject to Town Council authorization. Town Resolution No. 35-98
defines the purpose and uses of the General Fund operating reserve.
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Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
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Note 11 - Risk Management
The Town participates in the Municipal Pooling Authority (MPA), a joint powers agreement between 19 cities,
which provides insurance coverage for liability, auto, property and workers' compensation claims. Claim liabilities
are accrued when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated.
The MPA covers claims in an amount up to $29,000,001. The Town has a deductible of $5,000 per claim for liability
cases and up to these pay for workers' compensation claims. The MPA is self-insured up to $1,000,000 per claim and
has excess coverage to a maximum of $29,000,000.
The MPA is governed by a board consisting of representatives from each member municipality. The Board, which
controls the operations of the MPA, including the selection of management and the approval of operating budgets, is
independent of any influence by member municipalities beyond their representation on the Board.
The Town's net general liability premium payments to the MPA in the amount of $596,291 for fiscal year 2020/2021
are in accordance with formulas established by the MPA. Actual surpluses or losses are shared according to a
formula developed from overall loss costs and spread to member entities on a percentage basis after a retrospective
rating.
Estimates of deductibles for incurred, but not reported, (IBNR) liability claims are included in the Town's claims
estimates and are based upon historical experiences as calculated by the MPA. During the year, the Town did not
receive a dividend from the MPA based on the results of prior years' actitivites. The following provides a
reconciliation of the amount accrued for estimated out of pocket amounts to be paid for IBNR deductibles:
Beginning Claims and Payments for End
of Year Changes in Current and of Year
Fiscal Year Liability Estimates Prior Years Liability
2018-2019 41,919$ 3,072$ (10,481)$ 34,510$
2019-2020 34,510 33,060 (13,580) 53,990
2020-2021 53,990 8,013 (5,489) 56,514
The Town has had no settlements that exceeded insurance coverage in the last three fiscal years, and no changes in
insurance coverage from the prior year.
Because dividends cannot be guaranteed and may fluctuate significantly, these types of results should not be used to
forecast future years' results.
Insurance cost 576,291$
Less: dividend received -
Net insurance cost 576,291$
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For the Year Ended June 30, 2021
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Note 11 - Risk Management (Continued)
The MPA's audited condensed financial information as of and for the year ended June 30, 2020, are as follows:
Total assets 81,547,292$
Total deferred outflows of resources 626,506$
Total liabilities 52,525,196$
Total deferred inflows of resources 77,680$
Total net position 29,570,922$
Total operating revenues 31,902,314$
Total operating expenses 32,043,707$
Net operating (loss)(141,393)$
Non-operating revenues (expenses)3,699,141$
Change in net position 3,557,748$
Detailed financial information may be obtained from the Municipal Pooling Authority (MPA) in Walnut Creek,
California.
Note 12 - Commitments and Contingencies
Lawsuits
The Town is a defendant in a number of lawsuits which have arisen in the normal course of business. While
substantial damages are alleged in some of these actions, their outcome cannot be predicted with certainty. In the
opinion of the Town Attorney, these actions, when finally adjudicated, will not have a material adverse effect on
the financial position of the Town.
Annual Appropriations
Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), the Town is restricted
as to the amount of annual appropriations, and if certain proceeds of taxes exceed allowed appropriations, the
excess must either be refunded to the State Controller or refunded to the taxpayers through revised tax rates or
revised fee schedules. For the fiscal year ended June 30, 2021, the Town’s appropriations limit totals $43,684,464
and the Town’s appropriations subject to limitation were $20,120,533.
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For the Year Ended June 30, 2021
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Note 12 – Commitments and Contingencies (Continued)
2021 Appropriation Limit
Proposition 4, passed by the voters in 1978, requires that the Town Council adopt an annual appropriation limit for
proceeds of taxes. This limit fixes the amount of general tax revenue that can be appropriated in a given fiscal year.
Any excess must be returned to the taxpayers. The limit is adjusted each year by established adjustment factors.
Proposition 111, passed by the voters in June 1990, allows each local agency's governing body to annually choose
which adjustment factors are to be used. The Town Council has the discretion to choose one of two inflation
factors: (1) population growth in California per capita income or (2) growth in nonresidential assessed valuation
from new construction within the Town. Additionally, the Town Council may choose from one of two population
adjustment factors: population growth within the Town or population growth within Contra Costa County. The
Town chose to use the population growith within Contra Costa County. The chosen population adjustment factor is
multiplied by the growth in California per capita income.
Construction Commitments
The Town has several outstanding or planned construction projects as of June 30, 2021. These projects are
evidenced by contractual commitments with contractors. As of June 30, 2021, the Town's outstanding contractual
commitments amount were $5,406,643.
Note 13 – Prior Period Adjustments
In order to implement GASB Statement No. 84 – Fiduciary Activities, the Town made the following prior period
adjustments to beginning net position in the Fiduciary Activities Deposits Custodial Fund as follows:
Deposits
Custodial Fund
Net position July 1, 2020 -$
Restatement for GASB 84 1,330,702
Restated net postion July 1, 2020 1,330,702$
Note 14 – Subsequent Events
American Rescue Plan Act of 2021
On March 11, 2021, the President signed the American Rescue Plan Act of 2021 (ARPA), a $1.9 trillion economic
stimulus bill intended to speed up the United States’ recovery from the economic and health effects of the
Coronavirus pandemic. The ARPA includes $65 billion for cities, to help bridge budget shortfalls and mitigate fiscal
impacts resulting from the pandemic. These funds will assist the Town by offsetting pandemic-driven revenue losses
and remediation costs. Based upon Treasury Department calculation, Danville was awarded $10.65 million in
Coronavirus Local Fiscal Recovery (CLFR) Funds under the ARPA.
The draft 2021/22 Budget and CIP did not include ARPA funding as cities awaited additional and more specific
guidelines for how the CLFR Funds were permitted to be spent. Following adoption of the 2021/22 Budget and CIP,
the Town engaged in a separate process to review and consider the allocation and use of CLFR Funds, and an
expenditure plan for the first tranche of funds totaling $5.32 million was approved by the Town Council in
September and October 2021.
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REQUIRED SUPPLEMENTARY INFORMATION
(UNAUDITED)
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Note 1 – Budgetary Information
The Town follows these procedures in establishing the budgetary data for all governmental funds except for capital
projects funds:
Town Council determines community needs, priorities and opportunities for the upcoming year commencing
July 1.
By June 30, the Town Manager submits to the Town Council a proposed operating budget for the year
commencing July 1. The operating budget includes proposed expenditures and the means of financing them.
Public hearings are conducted to obtain taxpayer comments.
The budget is legally enacted through passage of a resolution during a Town Council meeting in the month
of June.
The Town Manager is authorized to transfer budgeted amounts within an activity, for example, within a
program (legal, finance, etc.). The Town Manager is able to authorize the purchase of office equipment
instead of the original budgeted for expense to pay for consultants, for example. However, any revisions that
alter the total expenditures (increase/decrease budget for a program) must be approved by the Town Council.
Formal budgeting is employed as a management control device during the year.
Budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP).
Budgeted amounts are as originally adopted or as amended by the Town Council. Individual amendments were not
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Note 2 – Budgetary Comparison Schedule
General Fund
Variance
Original Final From Final
Budget Budget Actual Budget
REVENUES:
Property taxes $ 15,000,060 $ 15,000,060 $ 17,210,607 $ 2,210,547
Sales taxes 4,393,925 4,393,925 6,652,729 2,258,804
Other taxes 2,304,018 2,304,018 2,280,557 (23,461)
Charges for services 1,123,070 1,123,070 703,196 (419,874)
Licenses and permits 146,060 146,060 331,206 185,146
Intergovernmental 1,010 1,010 578,900 577,890
Fines and forfeitures 141,400 141,400 86,104 (55,296)
Use of money and property 591,543 591,543 1,679,369 1,087,826
Reimbursement from Successor Agency 789,051 789,051 789,051 -
Miscellaneous 262,439 262,439 311,947 49,508
Total revenues 24,752,576 24,752,576 30,623,666 5,871,090
EXPENDITURES:
Current:
General government 1,836,661 2,029,828 1,716,334 313,494
Police services 10,072,889 10,131,647 8,933,507 1,198,140
Maintenance services 2,371,738 2,494,955 2,171,607 323,348
Development services 871,194 887,481 900,116 (12,635)
Administrative services 3,733,471 4,357,360 3,531,194 826,166
Recreation, arts, & community services 3,884,286 3,928,969 2,333,428 1,595,541
Capital outlay 15,600 15,600 9,966 5,634
Debt service:
Principal 500,000 500,000 500,000 -
Interest 289,051 289,051 289,051 -
Total expenditures 23,574,890 24,634,891 20,385,203 4,249,688
REVENUES OVER (UNDER) EXPENDITURES 1,177,686 117,685 10,238,463 10,120,778
OTHER FINANCING SOURCES (USES):
Transfers in - - 547,553 547,553
Transfers out (4,085,422) (4,085,422) (2,825,240) 1,260,182
Total other financing sources (uses) (4,085,422) (4,085,422) (2,277,687) 1,807,735
NET CHANGE IN FUND BALANCE $ (2,907,736) $ (3,967,737) 7,960,776 $ 11,928,513
FUND BALANCE:
Beginning of year 26,574,948
End of year $ 34,535,724
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Note 2 – Budgetary Comparison Schedule (Continued)
Lighting and Landscape Special Revenue Fund
Variance
Original Final From Final
Budget Budget Actual Budget
REVENUES:
Special assessments $ 3,031,853 $ 3,031,853 $ 3,036,793 $ 4,940
Use of money and property 8,999 8,999 35,070 26,071
Miscellaneous 88,898 88,898 113,323 24,425
Total revenues 3,129,750 3,129,750 3,185,186 55,436
EXPENDITURES:
Current:
Maintenance services 305,021 305,021 17,336 287,685
Lighting and landscape 3,878,570 4,034,769 3,903,054 131,715
Development services 291,209 291,209 - 291,209
Administrative services 2,426 2,426 2,797 (371)
Recreation, arts, & community services 27,504 27,504 - 27,504
Capital outlay 250 250 - 250
Total expenditures 4,504,980 4,661,179 3,923,187 737,992
REVENUES OVER (UNDER) EXPENDITURES (1,375,230) (1,531,429) (738,001) 793,428
OTHER FINANCING SOURCES (USES)
Transfers in - - 1,200,000 1,200,000
Transfers out (292,039) (292,039) (292,039) -
Total other financing sources (uses) (292,039) (292,039) 907,961 1,200,000
NET CHANGE IN FUND BALANCE $ (1,667,269) $ (1,823,468) 169,960 $ 1,993,428
FUND BALANCE:
Beginning of year 4,304,171
End of year $ 4,474,131
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Required Supplementary Information (Unaudited) (Continued)
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Note 2 – Budgetary Comparison Schedule (Continued)
Regional Traffic Impact Fees Special Revenue Fund
Variance
Original Final From Final
Budget Budget Actual Budget
REVENUES:
Development fees -$ -$ 441,393$ 441,393$
Intergovernmental 114,632 - - -
Miscellaneous 4,735 4,735 - (4,735)
Total revenues 119,367 4,735 441,393 436,658
EXPENDITURES:
Current:
Administrative services 10,398 10,398 2,747 7,651
Capital outlay 1,391,049 1,180,001 464,619 715,382
Total expenditures 1,401,447 1,190,399 467,366 723,033
REVENUES OVER (UNDER)
EXPENDITURES (1,282,080) (1,185,664) (25,973) 1,159,691
OTHER FINANCING (USES)
Transfers out - - (300,000) (300,000)
Total other financing (uses) - - (300,000) (300,000)
NET CHANGE IN FUND BALANCE (1,282,080)$ (1,185,664)$ (325,973) 859,691$
FUND BALANCE:
Beginning of year 4,688,816
End of year 4,362,843$
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Note 3 – Modified Approach for Town Street Infrastructure Capital Assets
The Town defines infrastructure as the basic physical assets including the street system; traffic control
improvements; park and recreation lands and improvement system; storm water conveyance systems; and site
amenities such as parking and landscaped areas used by the Town in the conduct of its business. Each major
infrastructure system can be divided into subsystems. For example, the street system can be divided into asphalt
pavements, concrete curb and gutters, medians, traffic control devices (signs, signals and pavement markings),
landscaping and land. Subsystem detail is not presented in these Basic Financial Statements; however, the Town
maintains detailed information on these subsystems.
The Town has elected to use the "Modified Approach" for infrastructure reporting for its Streets Pavement System.
Eligible infrastructure capital assets are not required to be depreciated under the following requirements:
The Town manages the eligible infrastructure capital assets using an asset management system with
characteristics of: (1) an up-to-date inventory; (2) perform condition assessments and summarize the results
using a measurement scale; and (3) estimate annual amount to maintain and preserve at the established
condition assessment level.
The Town documents that the eligible infrastructure capital assets are being preserved approximately at or
above the established and disclosed condition assessment level.
In April 2020, the Town commissioned a study to update the physical condition assessment of the arterials and
collector for residential streets. The prior assessment study was completed in December 2017. The streets, primarily
asphalt pavements, were defined as all physical features associated with the operation of motorized vehicles that exist
within the limits of right of way. Town owned streets are classified based on land use, access and traffic utilization
into the following four classifications: arterial/major, secondary, collector and local. This condition assessment will
be performed at least every three years. Street assessments have historically been funded with grants and performed
approximately every three years. Each street was assigned a physical condition based on potential defects. A
Pavement Condition Index (PCI), a nationally recognized index, was assigned to each street and expressed in a
continuous scale from 0 to 100, where 0 is assigned to the least acceptable physical condition and 100 is assigned to
the physical characteristics of a new street.
The following conditions were defined:
PCI
Conditions
PCI
Rating
Very Good 70-100
Good 50-69
Poor 26-49
Very Poor 0-25
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Note 3 – Modified Approach for Town Street Infrastructure Capital Assets (Continued)
The Town's policy is to achieve a minimum average rating of 70 for all streets, which is a "very good" rating. As of
June 30, 2021, the Town’s street system was rated at a PCI index of 81 on the average with the detail condition as
follows:
Street Condition % of Streets
Very Good (PCI 70-100)80%
Good (PCI 50-69)17%
Poor (PCI 26-49)3%
Very Poor (PCI 0-25)0%
100%
The Town’s streets are constantly deteriorating as a result of following four factors: (1) traffic using the streets; (2)
the sun’s ultra-violet rays drying out and breaking down the top layer of pavement; (3) utility company/private
development interests trenching operations; and (4) water damage from natural precipitation and other urban runoff.
The Town is continuously taking actions to arrest the deterioration through short-term maintenance activities such as
pothole patching, street sweeping, and sidewalk repairs. The Town expended $1,792,695 of the General Fund monies
on street maintenance for the fiscal year ended June 30, 2021. These expenditures delayed deterioration. The Town
has estimated that the amount of annual expenditures required to maintain the Town’s streets at the average PCI
rating of 70 through the year 2021 is a minimum of $3,000,000.
A schedule of estimated annual amount calculated to maintain and preserve its streets at the current level compared
to actual expenditures for street maintenance for the last ten years is presented below. The availability and use of
other funds has enabled the Town to maintain the underlying drainage, associated curbs and gutters and to repair
small but costly pavement areas needing complete replacement.
Other Funds Total PCI
Fiscal Year Final Budget Actual Actual Actual Rating
2011-12 $ 2,000,000 $ 332,348 $ 1,767,382 $ 2,099,730 70
2012-13 2,000,000 3,219,853 1,269,507 4,489,360 72
2013-14 3,000,000 914,271 583,827 1,498,098 74
2014-15 3,000,000 2,800,816 1,359,695 4,160,511 74
2015-16 3,000,000 684,250 708,280 1,392,530 76
2016-17 3,000,000 1,417,001 2,986,762 4,403,763 75
2017-18 3,000,000 6,184,143 1,906,277 8,090,420 80
2018-19 3,000,000 3,629,281 3,865,363 7,494,644 78
2019-20 3,000,000 966,845 140,711 1,107,556 81
2020-21 - 1,792,695 256,185 2,048,880 81
General Fund
The Town also has an on-going street rehabilitation program funded in the Capital Improvement Program that is
intended to improve the condition rating of Town streets. The rehabilitation program is formulated based on
deficiencies identified as a part of its Pavement Management System. As of June 30, 2021, approximately 20% of the
Town's streets were rated below the average standard of 70. The Town will continue to rehabilitate these segments of
the streets. Total deficiencies (deferred maintenance) identified in the Pavement Management System amounted to
approximately $16,500,000 for all streets.
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NON-MAJOR GOVERNMENTAL FUNDS
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SPECIAL REVENUE FUNDS
PEG Fund
Any state video franchisee offering service within the Town pays sixty cents ($0.60) per month per subscriber to
support Public, Educational and Governmental ("PEG") channel facilities. This fund is restricted to capital
expenditures allowing the Town to provide PEG programming to residents.
Gas Tax Fund
This fund is used to account for the portion of the taxes paid on the purchase of gasoline, which the Town receives
from the State of California. Use of the fund is restricted to street and related improvements and maintenance costs.
Building/Planning Fund
This fund receives fees for planning applications and permits and building inspection and plan review fees collected
during the building permit process. Use of this fund is restricted to offsetting the costs of providing building and
planning services to permittees.
Development Engineering Fund
This fund receives fees for permits and plan review for engineering and subdivision applications. Use of this fund is
restricted to offsetting the costs of providing these services.
Child Care Fund
This Fund receives child care fees paid by new developments. All funds are restricted to the development or
promotion of child care facilities within Danville.
Stormwater Pollution Control Program (SPCP) Fund
This Fund is used to account for National Pollution Discharge Elimination Services (NPDES) assessments paid by
property owners for administration, inspection and maintenance of storm drain systems, including street sweeping,
necessary to comply with the stormwater pollution permits issued by the Regional Water Quality Control Board.
Measure C/J Fund
Since 1988, Contra Costa County voters have paid a one-half cent sales tax for transportation purposes to be
collected through 2034. Eighteen percent of the funds collected throughout the County are distributed back to each
local jurisdiction on the basis of population and road miles. Receipt of these funds is tied to compliance with the
Town’s General Plan Growth Management Element. Use of this fund is restricted to street and pavement
management and transportation planning.
Donations and Contributions Fund
The Town receives donations and contributions for selected programs such as the police K-9 program and downtown
beautification. Use of these funds is restricted to the specific terms of the individual donation.
General Development Impact Fees Fund
The Town levies a number of development impact fees to mitigate the impacts of new development, primarily
transportation impact fees. The use of these funds is limited by the specific purpose of the individual fee and the
impact to be mitigated.
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Town of Danville
Non-Major Governmental Funds
83
SPECIAL REVENUE FUNDS
Public Safety Fund
Special revenues for police programs are reported in this fund. Included are Supplemental Law Enforcement Services
Funds (SLESF) funds provided by the State, Abandoned Vehicle and Asset Seizure revenues. The use of these funds
is limited to use by the Police Department by the specific purpose of the fee.
Old Town Parking In-Lieu Fund
A development impact mitigation fee imposed on new developments in the Downtown Business District which rely,
at least in part, on off-site public parking. Use of the Fund is restricted to the provision of additional Town-owned
parking.
Solid Waste Vehicle Impact Fee Fund
This fund receives impact fees collected through the solid waste franchise to partially offset the impacts associated
with solid waste, recycling and yard waste refuse vehicles using Town streets. The use of this Fund is restricted to
street and pavement rehabilitation.
Low and Moderate Income Housing Fund
Prior to the State of California’s dissolution of redevelopment agencies in 2011, the Town’s Community
Development Agency (CDA) maintained a Low and Moderate-Income Housing Fund as required by the law. Upon
dissolution, the Town opted to create a Successor Housing Agency to assume all of the housing assets and liabilities
of the former CDA. The use of this Fund is restricted to the creation, rehabilitation or addition of low or moderate-
income housing within the Town.
CAPITAL PROJECTS FUNDS
Asset Replacement General Fund
Contributions are made into this Fund from the General Fund for the eventual replacement and refurbishment of
fixed assets.
Asset Replacement Library Fund
Contributions are made into this Fund from private donations and the General Fund for the eventual replacement and
refurbishment of Library equipment.
Civic Facilities Capital Projects Fund
This Fund receives contributions from the General Fund and is used to account for the construction of community
facilities such as the Danville Library, Community Center, Town Offices, Oak Hill Park Community Center and
future new park and recreation facilities.
Park Facilities Fund
Contributions are made into this Fund from the General Fund for the construction and renovation of parks within the
Town.
Northeast Road Improvements Assessment District Fund
During the period from 1985 to 1990, the Northeast Road Improvements Assessment District (NERIAD) were
formed within the Town of Danville to construct improvements in these areas.
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Town of Danville
Non-Major Governmental Funds
84
Tassajara Road Improvements Assessment District Fund
Assessment District formed for the Tassajara Ranch developments to fund the development of Diablo Vista Park,
traffic improvements to mitigate project related impacts, and maintenance of existing improvements for the benefit of
district properties.
Sycamore Valley Assessment District Fund
Development impact fees are collected on residential units in excess of the original 278 units located within the
Sycamore Valley Benefit District. Funds are used for traffic mitigation, projects and maintenance of existing
improvements for the benefit of the benefit district properties.
Technology Fund
This Fund was created in FY 2011/12 and receives contributions from the General Fund for the implementation of
the Town's five-year Technology Master Plan.
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Building/ Development
PEG Gas Tax Planning Engineering Child Care
ASSETS
Cash and investments $ 273,089 $ 3,689,221 $ 4,061,264 $ 1,843,882 $ 297,459
Cash and investments with fiscal agent - - - - -
Receivables (net of allowances):
Accounts 19,088 - 100 - -
Interest 663 5,610 - - 524
Total assets $ 292,840 $ 3,694,831 $ 4,061,364 $ 1,843,882 $ 297,983
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 15,578 88,667 60,188 - 47
Accrued wages - 35,112 77,480 6,057 -
Retention payable - - - - -
Deposits payable - - - 65,170 -
Unearned revenue - - 7,668 - -
Total liabilities 15,578 123,779 145,336 71,227 47
Fund Balances:
Restricted 277,262 3,571,052 3,916,028 1,772,655 297,936
Committed - - - - -
Total fund balances 277,262 3,571,052 3,916,028 1,772,655 297,936
Total liabilities and fund balances $ 292,840 $ 3,694,831 $ 4,061,364 $ 1,843,882 $ 297,983
(Continued)
Town of Danville
Non-Major Governmental Funds
Combining Balance Sheet
June 30, 2021
Special Revenue
85
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Stormwater
Pollution Donation General
Control and Development Public
Program Measure C/J Contributions Impact Fees Safety
ASSETS
Cash and investments $ 2,310,163 $ 2,590,263 $ 305,152 $ 4,003,256 $ 546,761
Cash and investments with fiscal agent - - - - -
Receivables (net of allowances):
Accounts 11,269 2,288 - - 6,623
Interest 4,221 4,538 579 6,223 1,168
Total assets $ 2,325,653 $ 2,597,089 $ 305,731 $ 4,009,479 $ 554,552
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 27,506 22,335 3,301 112,259 105
Accrued wages 523 7,801 - - 271
Retention payable - - - 8,615 -
Deposits payable - - - - -
Unearned revenue - - - - -
Total liabilities 28,029 30,136 3,301 120,874 376
Fund Balances:
Restricted 2,297,624 2,566,953 302,430 3,888,605 554,176
Committed - - - - -
Total fund balances 2,297,624 2,566,953 302,430 3,888,605 554,176
Total liabilities and fund balances $ 2,325,653 $ 2,597,089 $ 305,731 $ 4,009,479 $ 554,552
(Continued)
Special Revenue
Town of Danville
Non-Major Governmental Funds
Combining Balance Sheet (Continued)
June 30, 2021
86
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Low and
Old Town Solid Waste Moderate Asset Asset
Parking In- Vehicle Impact Income Replacement Replacement
Lieu Fees Housing General Library
ASSETS
Cash and investments $ 609,316 $ 1,338,122 $ 1,242,520 $ 2,939,550 $ 853,573
Cash and investments with fiscal agent - - - - -
Receivables (net of allowances):
Accounts - - - - -
Interest 1,066 - 2,401 4,324 1,283
Total assets $ 610,382 $ 1,338,122 $ 1,244,921 $ 2,943,874 $ 854,856
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 96 - 275 40,846 10,535
Accrued wages - - - - -
Retention payable - - - - -
Deposits payable - - - - -
Unearned revenue - - - - -
Total liabilities 96 - 275 40,846 10,535
Fund Balances:
Restricted 610,286 1,338,122 1,244,646 - -
Committed - - - 2,903,028 844,321
Total fund balances 610,286 1,338,122 1,244,646 2,903,028 844,321
Total liabilities and fund balances $ 610,382 $ 1,338,122 $ 1,244,921 $ 2,943,874 $ 854,856
(Continued)
Special Revenue Capital Projects
Town of Danville
Non-Major Governmental Funds
Combining Balance Sheet (Continued)
June 30, 2021
87
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Northeast
Road Tassajara Sycamore
Improvements Ranch Valley
Civic Park Special Assessment Assessment
Facilities Facilities Assessment District District
ASSETS
Cash and investments $ 380,301 $ 2,250,142 $ 443,377 $ 35,448 $ 16,703
Cash and investments with fiscal agent - - 813,920 - -
Receivables (net of allowances):
Accounts - - - - -
Interest 773 3,822 4,418 69 17
Total assets $ 381,074 $ 2,253,964 $ 1,261,715 $ 35,517 $ 16,720
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 70 52,740 12,792 1 2
Accrued wages - - - - -
Retention payable 180 - - - -
Deposits payable - - - - -
Unearned revenue - - - - -
Total liabilities 250 52,740 12,792 1 2
Fund Balances:
Restricted - - - - -
Committed 380,824 2,201,224 1,248,923 35,516 16,718
Total fund balances 380,824 2,201,224 1,248,923 35,516 16,718
Total liabilities and fund balances $ 381,074 $ 2,253,964 $ 1,261,715 $ 35,517 $ 16,720
(Continued)
Capital Projects
Town of Danville
Non-Major Governmental Funds
Combining Balance Sheet (Continued)
June 30, 2021
88
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Capital Projects
Total
Non-Major
Technology Governmental
Fund Funds
ASSETS
Cash and investments $ 815,422 $ 30,844,984
Cash and investments with fiscal agent - 813,920
Receivables (net of allowances):
Accounts - 39,368
Interest - 41,699
Total assets $ 815,422 $ 31,739,971
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable 2,300 449,643
Accrued wages - 127,244
Retention payable - 8,795
Deposits payable - 65,170
Unearned revenue - 7,668
Total liabilities 2,300 658,520
Fund Balances:
Restricted - 22,637,775
Committed 813,122 8,443,676
Total fund balances 813,122 31,081,451
Total liabilities and fund balances $ 815,422 $ 31,739,971
(Concluded)
Town of Danville
Non-Major Governmental Funds
Combining Balance Sheet (Continued)
June 30, 2021
89
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Building/ Development
PEG Gas Tax Planning Engineering Child Care
REVENUES:
Special assessments -$ -$ -$ -$ -$
Other taxes 77,533 1,751,099 - - -
Charges for services - - 412,259 370,082 -
License and permits - - 7,243 - -
Development fees - - 2,320,143 1,546 -
Intergovernmental - - - - -
Use of money and property 4,080 30,794 - - 1,572
Miscellaneous - - - - -
Total revenues 81,613 1,781,893 2,739,645 371,628 1,572
EXPENDITURES:
Current:
General government 16,352 - - - -
Police services - - - - -
Maintenance services - 820,720 - - -
Development services - 581,982 2,067,706 151,496 -
Administrative services 270 4,583 - - 236
Recreation, arts & community services - - - - -
Capital outlay 15,519 - - - -
Total expenditures 32,141 1,407,285 2,067,706 151,496 236
REVENUES OVER (UNDER) EXPENDITURES 49,472 374,608 671,939 220,132 1,336
OTHER FINANCING SOURCES (USES):
Transfers in - - - - -
Transfers out (75,000) - (50,000) - (600)
Total other financing sources (uses)(75,000) - (50,000) - (600)
NET CHANGE IN FUND BALANCES (25,528) 374,608 621,939 220,132 736
FUND BALANCES:
Beginning of year 302,790 3,196,444 3,294,089 1,552,523 297,200
End of year 277,262$ 3,571,052$ 3,916,028$ 1,772,655$ 297,936$
(Continued)
Special Revenue
Town of Danville
Non-Major Governmental Funds
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2021
91
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1
Stormwater
Pollution Donation General
Control Measure and Development Public
Program C/J Contributions Impact Fees Safety
REVENUES:
Special assessments 574,643$ -$ -$ -$ -$
Other taxes - - - - -
Charges for services 10,416 - - - -
License and permits - - - - -
Development fees - - - 131,615 -
Intergovernmental - 889,182 - - 178,514
Use of money and property 24,309 20,577 3,487 - 7,462
Miscellaneous - - 135,112 - -
Total revenues 609,368 909,759 138,599 131,615 185,976
EXPENDITURES:
Current:
General government - - - - -
Police services - - 10,715 - 121,577
Maintenance services 7,184 84,264 493 3,000 -
Development services 481,559 274,134 - 17,946 -
Administrative services 1,714 1,637 196 2,992 472
Recreation, Arts & Community Services - - - 65,662 -
Capital outlay 3,615 - - 32,746 -
Total expenditures 494,072 360,035 11,404 122,346 122,049
REVENUES OVER (UNDER) EXPENDITURES 115,296 549,724 127,195 9,269 63,927
OTHER FINANCING SOURCES (USES):
Transfers in - - - - -
Transfers out - - - - -
Total other financing sources (uses)- - - - -
NET CHANGE IN FUND BALANCES 115,296 549,724 127,195 9,269 63,927
FUND BALANCES:
Beginning of year 2,182,328 2,017,229 175,235 3,879,336 490,249
End of year 2,297,624$ 2,566,953$ 302,430$ 3,888,605$ 554,176$
(Continued)
Special Revenue
Town of Danville
Non-Major Governmental Funds
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Continued)
For the Year Ended June 30, 2021
92
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Low and
Old Town Solid Waste Moderate Asset Asset
Parking In- Vehicle Impact Income Replacement Replacement
Lieu Fees Housing General Library
REVENUES:
Special assessments -$ -$ -$ -$ -$
Other taxes - 718,924 - - -
Charges for services - - - - -
License and permits - - - - -
Development fees 47,120 - - - -
Intergovernmental - - - - -
Use of money and property 2,513 - 16,530 (49,183) (6,098)
Miscellaneous - - 27,048 - -
Total revenues 49,633 718,924 43,578 (49,183) (6,098)
EXPENDITURES:
Current:
General government - - - - -
Police services - - - - -
Maintenance services - - - - 10,420
Development services - - - - -
Administrative services 448 - 1,755 25,008 568
Recreation, arts & community services - - - - -
Capital outlay - - - 8,750 -
Total expenditures 448 - 1,755 33,758 10,988
REVENUES OVER (UNDER) EXPENDITURES 49,185 718,924 41,823 (82,941) (17,086)
OTHER FINANCING SOURCES (USES):
Transfers in - - - 125,000 -
Transfers out - - - - -
Total other financing sources (uses)- - - 125,000 -
NET CHANGE IN FUND BALANCES 49,185 718,924 41,823 42,059 (17,086)
FUND BALANCES:
Beginning of year 561,101 619,198 1,202,823 2,860,969 861,407
End of year 610,286$ 1,338,122$ 1,244,646$ 2,903,028$ 844,321$
(Continued)
Special Revenue Capital Projects
Town of Danville
Non-Major Governmental Funds
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Continued)
For the Year Ended June 30, 2021
93
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Northeast
Road Tassajara Sycamore
Improvements Ranch Valley
Civic Park Special Assessment Assessment
Facilities Facilities Assessment District District
REVENUES:
Special assessments -$ -$ -$ -$ -$
Other taxes - - - - -
Charges for services - - - - -
License and permits - - - - -
Development fees - - - - -
Intergovernmental - - - - -
Use of money and property 3,472 - 3,091 547 (6,025)
Miscellaneous - - - - -
Total revenues 3,472 - 3,091 547 (6,025)
EXPENDITURES:
Current:
General government - - - - -
Police services - - - - -
Maintenance services - 463,635 - - -
Development services - 10,600 - - -
Administrative services 339 1,463 1,071 4 9
Recreation, arts & community services - 10,600 - - -
Capital outlay 8,045 179,395 32,700 - -
Total expenditures 8,384 665,693 33,771 4 9
REVENUES OVER (UNDER) EXPENDITURES (4,912) (665,693) (30,680) 543 (6,034)
OTHER FINANCING SOURCES (USES):
Transfers in - - - - -
Transfers out - - (4,914) - -
Total other financing sources (uses)- - (4,914) - -
NET CHANGE IN FUND BALANCES (4,912) (665,693) (35,594) 543 (6,034)
FUND BALANCES:
Beginning of year 385,736 2,866,917 1,284,517 34,973 22,752
End of year 380,824$ 2,201,224$ 1,248,923$ 35,516$ 16,718$
(Continued)
Capital Projects
Town of Danville
Non-Major Governmental Funds
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Continued)
For the Year Ended June 30, 2021
94
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Capital Projects
Total
Non-Major
Technology Governmental
Fund Funds
REVENUES:
Special assessments -$ 574,643$
Other taxes - 2,547,556
Charges for services - 792,757
License and permits - 7,243
Development fees - 2,500,424
Intergovernmental - 1,067,696
Use of money and property - 57,128
Miscellaneous - 162,160
Total revenues - 7,709,607
EXPENDITURES:
Current:
General government - 16,352
Police services - 132,292
Maintenance services - 1,389,716
Development services - 3,585,423
Administrative services 9,620 52,385
Recreation, arts & community services - 76,262
Capital outlay - 280,770
Total expenditures 9,620 5,533,200
REVENUES OVER (UNDER) EXPENDITURES (9,620) 2,176,407
OTHER FINANCING SOURCES (USES):
Transfers in - 125,000
Transfers out - (130,514)
Total other financing sources (uses)- (5,514)
NET CHANGE IN FUND BALANCES (9,620) 2,170,893
FUND BALANCES:
Beginning of year 822,742 28,910,558
End of year 813,122$ 31,081,451$
(Concluded)
Town of Danville
Non-Major Governmental Funds
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances (Continued)
For the Year Ended June 30, 2021
95
FINAL
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2
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2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Other taxes 92,217$ 92,217$ 77,533$ (14,684)$
Use of money and property - - 4,080 4,080
Total revenues 92,217 92,217 81,613 (10,604)
EXPENDITURES:
Current:
General government 16,352 16,352 16,352 -
Administrative services 514 514 270 244
Capital outlay 276,566 276,566 15,519 261,047
Total expenditures 293,432 293,432 32,141 261,291
REVENUES OVER (UNDER) EXPENDITURES (201,215) (201,215) 49,472 250,687
OTHER FINANCING SOURCES (USES):
Transfers out (100,000) (100,000) (75,000) 25,000
Total other financing sources (uses)(100,000) (100,000) (75,000) 25,000
NET CHANGE IN FUND BALANCE (301,215)$ (301,215)$ (25,528) 275,687$
FUND BALANCE:
Beginning of year 302,790
End of year 277,262$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
PEG Special Revenue Fund
For the Year Ended June 30, 2021
96
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2
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2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Other taxes 954,252$ 954,252$ 1,751,099$ 796,847$
Use of money and property 14,828 14,828 30,794 15,966
Total revenues 969,080 969,080 1,781,893 812,813
EXPENDITURES:
Current:
Maintenance services 798,511 856,764 820,720 36,044
Development services 1,979,929 2,019,932 581,982 1,437,950
Administrative services 4,903 4,903 4,583 320
Capital outlay 500 500 - 500
Total expenditures 2,783,843 2,882,099 1,407,285 1,474,814
NET CHANGE IN FUND BALANCE (1,814,763)$ (1,913,019)$ 374,608 2,287,627$
FUND BALANCE:
Beginning of year 3,196,444
End of year 3,571,052$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Gas Tax Special Revenue Fund
For the Year Ended June 30, 2021
97
FINAL
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2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Charges for services 351,200$ 351,200$ 412,259$ 61,059$
Licenses and permits - - 7,243 7,243
Development fees 1,431,258 1,431,258 2,320,143 888,885
Miscellaneous 5,000 5,000 - (5,000)
Total revenues 1,787,458 1,787,458 2,739,645 952,187
EXPENDITURES:
Current:
Development services 1,927,944 2,368,801 2,067,706 301,095
Total expenditures 1,927,944 2,368,801 2,067,706 301,095
REVENUES OVER (UNDER) EXPENDITURES (140,486) (581,343) 671,939 1,253,282
OTHER FINANCING (USES)
Transfers out (100,000) (100,000) (50,000) 50,000
Total other financing (uses)(100,000) (100,000) (50,000) 50,000
NET CHANGE IN FUND BALANCE (240,486)$ (681,343)$ 621,939 1,303,282$
FUND BALANCE:
Beginning of year 3,294,089
End of year 3,916,028$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Building and Planning Special Revenue Fund
For the Year Ended June 30, 2021
98
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2
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2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Charges for services 260,035$ 260,035$ 370,082$ 110,047$
Development fees 500 500 1,546 1,046
Total revenues 260,535 260,535 371,628 111,093
EXPENDITURES:
Current:
Development services 180,336 190,336 151,496 38,840
Total expenditures 180,336 190,336 151,496 38,840
NET CHANGE IN FUND BALANCE 80,199$ 70,199$ 220,132 149,933$
FUND BALANCE:
Beginning of year 1,552,523
End of year 1,772,655$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Development Engineering Special Revenue Fund
For the Year Ended June 30, 2021
99
FINAL
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2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES
Use of money and property 1,199$ 1,199$ 1,572$ 373$
Total revenues 1,199 1,199 1,572 373
EXPENDITURES
Current:
Administrative services 207 207 236 (29)
Total expenditures 207 207 236 (29)
REVENUES OVER (UNDER) EXPENDITURES 992 992 1,336 344
OTHER FINANCING (USES)
Transfers out (600) (600) (600) -
Total other financing (uses)(600) (600) (600) -
NET CHANGE IN FUND BALANCE 392$ 392$ 736 344$
FUND BALANCE:
Beginning of year 297,200
End of year 297,936$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Child Care Special Revenue Fund
For the Year Ended June 30, 2021
100
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Special assessments 562,154$ 562,154$ 574,643$ 12,489$
Charges for services 1,010 11,725 10,416 (1,309)
Intergovernmental (11,780) (11,780) - 11,780
Use of money and property 9,536 9,536 24,309 14,773
Total revenues 560,920 571,635 609,368 37,733
EXPENDITURES:
Current:
Maintenance services 16,393 21,393 7,184 14,209
Development services 547,826 570,931 481,559 89,372
Administrative services 1,383 1,383 1,714 (331)
Recreation, arts & community services 3,651 3,651 - 3,651
Capital outlay 162,600 162,600 3,615 158,985
Total expenditures 731,853 759,958 494,072 265,886
NET CHANGE IN FUND BALANCE (170,933)$ (188,323)$ 115,296 303,619$
FUND BALANCE:
Beginning of year 2,182,328
End of year 2,297,624$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Stormwater Pollution Control Program (SPCP) Special Revenue Fund
For the Year Ended June 30, 2021
101
FINAL
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2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Intergovernmental 6,470,532$ 6,495,532$ 889,182$ (5,606,350)$
Use of money and property 10,139 10,139 20,577 10,438
Total revenues 6,480,671 6,505,671 909,759 (5,595,912)
EXPENDITURES:
Current:
Maintenance services 396,103 376,103 84,264 291,839
Development services 3,654,295 3,771,795 274,134 3,497,661
Administrative services 1,518 1,518 1,637 (119)
Capital outlay 3,722,907 3,722,907 - 3,722,907
Total expenditures 7,774,823 7,872,323 360,035 7,512,288
REVENUES OVER (UNDER) EXPENDITURES (1,294,152) (1,366,652) 549,724 1,916,376
NET CHANGE IN FUND BALANCE (1,294,152)$ (1,366,652)$ 549,724 1,916,376$
FUND BALANCE:
Beginning of year 2,017,229
End of year 2,566,953$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Measure C/J Special Revenue Fund
For the Year Ended June 30, 2021
102
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Use of money and property 974$ 974$ 3,487$ 2,513$
Miscellaneous 3,760 3,760 135,112 131,352
Total revenues 4,734 4,734 138,599 133,865
EXPENDITURES:
Current:
General government 1,500 1,500 - 1,500
Police services - 9,142 10,715 (1,573)
Maintenance services 35,084 35,368 493 34,875
Administrative services 275 275 196 79
Total expenditures 36,859 46,285 11,404 34,881
NET CHANGE IN FUND BALANCE (32,125)$ (41,551)$ 127,195 168,746$
FUND BALANCE:
Beginning of year 175,235
End of year 302,430$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Donations and Contributions Special Revenue Fund
For the Year Ended June 30, 2021
103
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Development fees -$ -$ 131,615$ 131,615$
Intergovernmental 4,732 4,732 - (4,732)
Use of money and property - - - -
Miscellaneous 40,670 93,170 - (93,170)
Total revenues 45,402 97,902 131,615 33,713
EXPENDITURES:
Current:
Maintenance services 656,289 708,789 3,000 705,789
Development services 376,177 393,177 17,946 375,231
Administrative services 3,371 3,371 2,992 379
Recreation, Arts & Community Services 341,239 498,739 65,662 433,077
Capital outlay 709,650 709,650 32,746 676,904
Total expenditures 2,086,726 2,313,726 122,346 2,191,380
NET CHANGE IN FUND BALANCE (2,041,324)$ (2,215,824)$ 9,269 2,225,093$
FUND BALANCE:
Beginning of year 3,879,336
End of year 3,888,605$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
General Development Impact Fees Special Revenue Fund
For the Year Ended June 30, 2021
104
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Intergovernmental 119,000$ 119,000$ 178,514$ 59,514$
Use of money and property 1,246 1,246 7,462 6,216
Total revenues 120,246 120,246 185,976 65,730
EXPENDITURES:
Current:
Police services 140,000 140,000 121,577 18,423
Administrative services 275 275 472 (197)
Total expenditures 140,275 140,275 122,049 18,226
NET CHANGE IN FUND BALANCE (20,029)$ (20,029)$ 63,927 83,956$
FUND BALANCE:
Beginning of year 490,249
End of year 554,176$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Public Safety Special Revenue Fund
For the Year Ended June 30, 2021
105
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Development fees -$ -$ 47,120$ 47,120$
Use of money and property - - 2,513 2,513
Total revenues - - 49,633 49,633
EXPENDITURES:
Current:
Administrative services 512 512 448 64
Total expenditures 512 512 448 64
NET CHANGE IN FUND BALANCE (512)$ (512)$ 49,185 49,697$
FUND BALANCE:
Beginning of year 561,101
End of year 610,286$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Old Town Parking In-Lieu Special Revenue Fund
For the Year Ended June 30, 2021
106
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Other taxes 585,000$ 585,000$ 718,924$ 133,924$
Total revenues 585,000 585,000 718,924 133,924
EXPENDITURES:
Current:
Development services 475,000 475,000 - 475,000
Total expenditures 475,000 475,000 - 475,000
NET CHANGE IN FUND BALANCE 110,000$ 110,000$ 718,924 608,924$
FUND BALANCE:
Beginning of year 619,198
End of year 1,338,122$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Solid Waste Vehicle Impact Fee Special Revenue Fund
For the Year Ended June 30, 2021
107
FINAL
DRAFT
10.28.
2
0
2
1
Variance From
Original Final Actual Final Budget
REVENUES:
Use of money and property -$ -$ 16,530$ 16,530$
Miscellaneous - - 27,048 27,048
Total revenues - - 43,578 43,578
EXPENDITURES:
Current:
Administrative services 800 1,418 1,755 (337)
Total expenditures 800 1,418 1,755 (337)
NET CHANGE IN FUND BALANCE (800)$ (1,418)$ 41,823 43,241$
FUND BALANCE:
Beginning of year 1,202,823
End of year 1,244,646$
Budgeted
Town of Danville
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Low and Moderate Income Housing Special Revenue Fund
For the Year Ended June 30, 2021
108
FINAL
DRAFT
10.28.
2
0
2
1
109
STATISTICAL SECTION
(Unaudited)
FINAL
DRAFT
10.28.
2
0
2
1
2012 2013 2014 2015 2016
Governmental Activities:
Net investment in capital assets 142,812,475$ 144,710,384$ 145,858,981$ 149,697,964$ 154,909,051$
Restricted 49,692,031 50,198,481 48,477,964 23,655,107 26,812,236
Unrestricted 46,716,135 46,009,779 51,728,377 69,968,657 68,822,679
Total Governmental Activities Net Position 239,220,641$ 240,918,644$ 246,065,322$ 243,321,728$ 250,543,966$
Primary Government:
Net investment in capital assets 142,812,475$ 144,710,384$ 145,858,981$ 149,697,964$ 154,909,051$
Restricted 49,692,031 50,198,481 48,477,964 23,655,107 26,812,236
Unrestricted 46,716,135 46,009,779 51,728,377 69,968,657 68,822,679
Total Primary Governmental Net Position 239,220,641$ 240,918,644$ 246,065,322$ 243,321,728$ 248,532,815$
(Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Net Position by Component
Last Ten Fiscal Years
110
FINAL
DRAFT
10.28.
2
0
2
1
2017 2018 2019 2020 2021
Governmental Activities:
Net investment in capital assets 155,792,439$ 162,998,663$ 166,215,901$ 174,968,722$ 177,508,851$
Restricted 24,437,153 23,784,733 24,398,492 26,961,172 29,438,411
Unrestricted 72,257,190 64,907,258 65,271,882 61,659,221 65,882,561
Total Governmental Activities Net Position 252,486,782$ 251,690,654$ 255,886,275$ 263,589,115$ 272,829,823$
Primary Government:
Net investment in capital assets 155,792,439$ 162,998,663$ 166,215,901$ 174,968,722$ 177,508,851$
Restricted 24,437,153 23,784,733 24,398,492 26,961,172 29,438,411
Unrestricted 72,257,190 64,907,258 65,271,882 61,659,221 65,882,561
Total Primary Governmental Net Position 252,486,782$ 251,690,654$ 251,690,654$ 263,589,115$ 272,829,823$
Note:
The Town of Danville does not have any business-type activities.
(Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Net Position by Component (Continued)
Last Ten Fiscal Years
0
50
100
150
200
250
2012 2013 2014 2015 20162017 2018 2019 2020 2021
Go
v
e
r
n
m
e
n
t
a
l
ac
t
i
v
i
t
i
e
s
(i
n
mi
l
l
i
o
n
s
)
Fiscal Year
Net Position by Component
Net investment in capital assets Restricted Unrestricted
111
FINAL
DRAFT
10.28.
2
0
2
1
2012 2013 2014 2015 2016
Expenses:
Governmental activities:
General Government 1,672,908$ 1,657,519$ 1,707,946$ 1,527,466$ 1,592,763$
Police Services 7,518,544 7,592,846 7,192,736 8,565,667 8,914,297
Maintenance Services & Lighting & Landscape 6,284,672 7,803,026 6,136,448 7,589,476 8,262,373
Development Services 8,909,136 10,298,111 7,545,035 14,348,084 5,233,296
Administrative Services 2,105,205 2,461,355 2,301,375 3,244,813 4,080,262
Recreation Services 3,373,081 3,360,852 3,711,977 3,877,829 3,847,434
Interest on long-term debt 367,482 430,191 415,129 369,274 364,866
Total governmental activities expenses 30,231,028 33,603,900 29,010,646 39,522,609 32,295,291
Total primary government expenses 30,231,028$ 33,603,900$ 29,010,646$ 39,522,609$ 32,295,291$
Program Revenues:
Governmental Activities:
Charges for Services:
General Government -$ -$ -$ -$ 10$
Police Services 323,053 312,873 499,517 429,625 424,470
Maintenance Services, Lighting & Landscape 3,040,340 3,021,029 3,110,836 3,033,384 3,036,737
Development Services 3,028,929 3,757,908 3,686,295 4,196,817 4,285,454
Administrative Services -- - - 35,186
Recreation, Arts & Community Services 1,754,367 1,810,376 2,178,636 2,433,110 2,079,801
Operating grants and contributions 804,432 748,772 933,466 1,110,167 950,437
Capital grants and contributions 2,492,782 1,877,029 1,936,672 1,676,661 1,276,567
Total governmental activities program revenues 11,443,903$ 11,527,987$ 12,345,422$ 12,879,764$ 12,088,662$
Total primary government program revenues 11,443,903$ 11,527,987$ 12,345,422$ 12,879,764$ 12,088,662$
Net (Expense)/Revenue
Governmental activities (18,787,125)$ (22,075,913)$ (16,665,224)$ (26,642,845)$ (20,206,629)$
Total Primary Government, Net Expenses (18,787,125)$ (22,075,913)$ (16,665,224)$ (26,642,845)$ (20,206,629)$
Notes:
1. Depreciation was netted against program expenditures beginning in 2004.
2. The Town of Danville does not have any business-type activities.
*FY 2008-09 Transportation Services program was combined with Development Services program
**FY 2014-15: Legislative, Town Manager and Legal Services programs were combined with General Government
Community Development program was combined with Development Services
(Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Changes in Net Position
Last Ten Fiscal Years
112
FINAL
DRAFT
10.28.
2
0
2
1
2017 2018 2019 2020 2021
Expenses:
Governmental activities:
General Government 1,658,023$ 1,821,906$ 1,648,107$ 1,988,737$ 1,727,404$
Police Services 9,107,939 9,668,148 9,908,945 9,824,261 9,141,598
Maintenance Services & Lighting & Landscape 7,963,358 7,824,106 8,512,749 9,400,476 8,999,904
Development Services 8,568,817 12,113,185 12,589,561 5,769,904 6,238,126
Administrative Services 3,690,675 3,511,181 3,625,899 3,816,145 3,632,890
Recreation, Arts & Community Services 4,129,417 4,016,368 4,273,896 3,794,136 2,722,675
Interest on long-term debt 345,931 345,473 325,210 325,210 282,675
Total governmental activities expenses 35,464,160 39,300,367 40,884,367 34,916,610 32,745,272
Total primary government expenses 35,464,160$ 39,300,367$ 40,884,367$ 34,916,610$ 32,745,272$
Program Revenues
Governmental Activities:
Charges for Services:
General Government 30$ 30$ 1,126$ -$ -$
Police Services 314,597 295,805 308,210 296,126 187,548
Maintenance Services, Lighting & Landscape 3,142,080 3,060,686 3,046,475 3,059,330 3,047,952
Development Services 3,575,751 3,792,303 4,473,140 3,374,462 3,738,947
Administrative Services 36,308 36,400 38,126 31,693 28,145
Recreation, Arts & Community Services 2,196,610 2,058,014 2,041,182 1,427,112 846,805
Operating grants and contributions 911,003 1,205,123 2,132,610 1,873,835 2,271,372
Capital grants and contributions 2,591,351 2,521,475 3,880,922 1,358,781 2,169,054
Total governmental activities program revenues 12,767,730$ 12,969,836$ 15,921,791$ 11,421,339$ 12,289,823$
Total primary government program revenues 12,767,730$ 12,969,836$ 15,921,791$ 11,421,339$ 12,289,823$
Net (Expense)/Revenue
Governmental activities (22,696,430)$ (22,696,430)$ (24,962,576)$ (23,495,271)$ (20,455,449)$
Total Primary Government, Net Expenses (22,696,430)$ (22,696,430)$ (24,962,576)$ (23,495,271)$ (20,455,449)$
Notes:
1. Depreciation was netted against program expenditures beginning in 2004.
2. The Town of Danville does not have any business-type activities.
*FY 2008-09 Transportation Services program was combined with Development Services program
**FY 2014-15: Legislative, Town Manager and Legal Services programs were combined with General Government
Community Development program was combined with Development Services
(Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Changes in Net Position (Continued)
Last Ten Fiscal Years
113
FINAL
DRAFT
10.28.
2
0
2
1
2012 2013 2014 2015 2016
General Revenues and Other
Changes in Net Position
Governmental Activities
Taxes
Property taxes 12,967,656$ 12,242,443$ 12,716,297$ 13,593,483$ 14,153,561$
Sales taxes 3,835,342 3,897,260 3,947,577 4,098,412 4,569,470
Motor Vehicle taxes 21,557 22,337 18,486 17,857 17,629
Franchise Taxes 2,067,703 2,098,137 2,155,691 2,215,165 2,299,491
Other taxes 366,926 374,354 385,044 391,856 404,744
Investment earnings 915,317 251,901 900,451 636,474 1,265,876
Miscellaneous 1,470,094 2,360,129 1,514,199 1,559,647 741,674
Gain (loss) on sale of capital assets - - - - -
Transfers from Successor Agency 795,191 790,542 769,972 780,818
Special item 6,956,544 1,732,164 - - 3,195,604
Total governmental activities 28,601,139$ 23,773,916$ 22,428,287$ 23,282,866$ 27,428,867$
Total primary government 28,601,139$ 23,773,916$ 22,428,287$ 23,282,866$ 27,428,867$
Change in Net Position
Governmental activities 6,525,226$ 7,108,692$ (4,214,558)$ 3,076,237$ 4,732,437$
Total primary government 6,525,226$ 7,108,692$ (4,214,558)$ 3,076,237$ 4,732,437$
Note:
The Town of Danville does not have any business-type activities.
(Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Changes in Net Position (Continued)
Last Ten Fiscal Years
114
FINAL
DRAFT
10.28.
2
0
2
1
2017 2018 2019 2020 2021
General Revenues and Other
Changes in Net Position
Governmental Activities
Taxes
Property taxes 13,978,818$ 14,629,253$ 15,354,728$ 16,025,356$ 17,210,607$
Sales taxes 5,546,298 5,914,835 6,126,449 5,753,805 6,653,905
Motor Vehicle taxes 19,203 22,821 21,310 35,829 32,180
Franchise Taxes 2,419,118 2,588,989 2,609,820 2,836,124 3,044,834
Other Taxes 371,237 362,196 390,562 367,376 338,449
Investment earnings 296,610 368,995 3,028,554 3,183,434 174,503
Miscellaneous 1,235,646 854,998 834,318 1,838,208 1,447,189
Gain (loss) on sale of capital assets - - - 345,523 5,439
Transfers from Successor Agency 772,316 792,316 792,456 812,456 789,051
Special item - - - - -
Total governmental activities 24,639,246$ 25,534,403$ 29,158,197$ 31,198,111$ 29,696,157$
Total primary government 24,639,246$ 25,534,403$ 29,158,197$ 31,198,111$ 29,696,157$
Change in Net Position
Governmental activities 1,942,816$ (7,796,128)$ 4,195,621$ 7,702,840$ 9,240,708$
Total primary government 1,942,816$ (7,796,128)$ 4,195,621$ 7,702,840$ 9,240,708$
Note:
The Town of Danville does not have any business-type activities.
Fiscal Year
Town of Danville
Changes in Net Position (Continued)
Last Ten Fiscal Years
(Accrual Basis of Accounting)
115
FINAL
DRAFT
10.28.
2
0
2
1
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116
FINAL
DRAFT
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1
Community
Development
Agency Tax Property Motor Business
Fiscal Property Sales Increment Franchise Transfer Vehicle License &
Year Tax (1) Tax (2)Tax Tax Tax Other Taxes Total
2012 11,243,968$ 3,835,342$ 1,371,457$ 2,067,703$ 352,231$ 21,557$ 366,926$ 19,415,557$
2013 11,809,390 3,897,260 - 2,098,137 433,053 22,337 374,354 19,259,184
2014 12,221,986 3,947,577 - 2,155,691 494,311 18,486 385,044 18,634,531
2015 13,076,172 4,098,412 - 2,215,165 517,311 17,857 391,856 19,223,095
2016 12,534,667 4,569,470 - 2,299,491 568,870 17,629 404,744 20,316,773
2017 13,392,392 5,546,298 - 2,419,118 586,426 19,203 371,237 20,394,871
2018 13,980,610 5,914,835 - 2,588,989 648,643 22,821 362,196 22,334,674
2019 14,740,670 6,126,449 - 2,609,820 614,058 21,310 390,562 24,502,869
2020 16,360,607 5,753,805 - 2,836,124 850,000 35,829 367,376 26,203,741
2021 16,360,607 6,653,905 - 3,044,834 850,000 32,180 338,449 27,279,975
Note:
1. The State shifted revenues from motor vehicle fees/tax and sales tax to property tax beginning 2005.
2. The former Community Development Agency was dissolved by AB x1 26 on January 31, 2012.
Town of Danville
Governmental Activities Tax Revenues By Source
Last Ten Fiscal Years
(Accrual Basis of Accounting)
117
FINAL
DRAFT
10.28.
2
0
2
1
2012 2013 2014 2015 2016
General Fund
Nonspendable -$ -$ -$ -$ 10,427,986$
Restricted 809,519 809,536 809,635 809,718 809,504
Committed 17,697,557 17,670,672 17,118,585 17,067,689 18,374,622
Assigned 8,430,419 9,247,992 9,482,365 9,397,184 344,844
Unassigned - - - - -
Total General Fund 26,937,495 27,728,200 27,410,585 27,274,591 29,956,956
All Other Governmental Funds
Special revenue funds
Restricted 28,429,093 27,540,889 28,492,880 24,215,659 26,129,555
Assigned - - - - -
Debt service fund
Restricted 808,787 811,282 811,448 813,511 -
Capital projects funds
Restricted - - 356,953 356,953 -
Committed 40,669,255 39,639,637 42,268,737 39,887,688 38,430,064
Assigned - - - 2,183,781 2,364,889
Total all other Governmental Funds 69,907,135 67,991,808 71,930,018 67,457,592 66,924,508
Total Governmental Funds 96,844,630$ 95,720,008$ 99,340,603$ 94,732,183$ 96,881,464$
Note: Information presented according to GASB 54 which was implemented in 2010
(Modified Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Fund Balances of Governmental Funds
Last Ten Fiscal Years
118
FINAL
DRAFT
10.28.
2
0
2
1
2017 2018 2019 2020 2021
General Fund
Nonspendable 9,427,986$ 8,427,986$ 7,325,019$ 5,167,108$ 4,064,888$
Restricted 809,820 813,965 820,547 815,484 809,518
Committed 17,249,253 17,868,716 19,005,310 20,401,468 28,158,818
Assigned 313,036 169,060 117,735 190,888 402,500
Unassigned - - - - 1,100,000
Total General Fund 27,800,095 27,279,727 27,268,611 26,574,948 34,535,724
All Other Governmental Funds
Special revenue funds
Restricted 23,594,077 22,970,768 23,577,945 26,145,688 28,628,893
Assigned - - 2,469,321 2,617,844 2,845,856
Debt service fund
Restricted - - - - -
Capital projects funds
Restricted - - - - -
Committed 42,743,649 36,532,398 37,060,728 34,072,908 30,013,137
Assigned 2,507,297 2,574,079 - - -
Total all other Governmental Funds 68,845,023 62,077,245 63,107,994 62,836,440 61,487,886
Total Governmental Funds 96,645,118$ 89,356,972$ 90,376,605$ 89,411,388$ 96,023,610$
Note: Information presented according to GASB 54 which was implemented in 2010
(Modified Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
119
FINAL
DRAFT
10.28.
2
0
2
1
2012 2013 2014 2015 2016
REVENUES:
Property Taxes 12,967,656$ 12,242,443$ 12,716,297$ 13,593,483$ 14,153,561$
Sales Taxes 3,835,342 3,897,260 3,943,899 4,080,378 4,558,712
Gas & Other Taxes 3,818,359 3,731,881 3,999,378 4,033,766 3,270,354
Special assessments 3,572,176 3,580,120 3,579,918 3,574,570 3,590,353
Charges for services 3,641,623 4,602,791 2,455,673 2,792,321 2,752,180
Licenses and permits 366,886 374,354 385,033 391,856 404,744
Development fees 144,416 1,207,211 2,926,192 3,166,893 3,705,128
Intergovernmental 1,276,852 155,815 181,003 547,347 1,026,474
Fines and forfeitures 190,982 237,209 248,965 242,325 267,732
Uses of money and property 1,463,143 870,157 1,507,294 1,379,939 2,024,361
Miscellaneous 1,802,671 972,999 1,060,380 1,589,780 1,155,013
Reimbursement from Successor Agency - - - - -
Total Revenues 33,080,106 31,872,240 33,004,032 35,392,658 36,908,612
EXPENDITURES:
Current:
General Government 1,667,416 1,658,489 1,708,465 1,526,324 1,591,047
Police services 7,300,734 7,374,868 6,980,859 8,356,060 8,691,261
Maintenance services 2,403,824 4,362,329 2,547,337 3,728,641 4,381,322
Lighting and landscape 3,288,256 2,991,535 3,043,620 3,105,346 3,127,403
Development services 7,458,197 9,588,981 6,920,225 14,097,237 4,986,759
Administrative services 1,901,419 2,446,641 2,207,468 3,362,284 4,000,431
Recreation, Arts & Community services 3,245,655 3,242,901 3,593,125 3,523,333 3,467,371
Capital outlay 5,763,393 1,342,965 2,382,338 5,102,019 6,466,296
Debt service:
Principal 420,000 - - - -
Interest and fiscal charges 503,764 - - - -
Total Expenditures 33,952,658 33,008,709 29,383,437 42,801,244 36,711,890
REVENUES OVER (UNDER)
EXPENDITURES (872,552) (1,136,469) 3,620,595 (7,408,586) 196,722
OTHER FINANCING SOURCES (USES):
Proceeds from sale of assets - - - -
Transfers in 7,385,966 5,272,109 6,248,451 6,300,714 8,710,450
Transfers out (7,385,966) (5,272,109) (6,248,451) (6,300,714) (8,710,450)
Total other financing sources (uses)- - - - -
Extraordinary/Special item*7,757,281 11,847 - - 3,195,604
NET CHANGE IN FUND BALANCES 6,884,729$ (1,124,622)$ 3,620,595$ (7,408,586)$ 3,392,326$
Debt service as a percentage of noncapital
expenditures 3.39%0.00%0.00%0.00%0.00%
Notes:
1. Revenues & expenditures were categorized differently prior to the implementation of GASB 34 in 2002.
2. Assets transferred from the former Community Development Agency (CDA) of the Town of Danville to the Successor Agency Trust Fund
Modified Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
120
FINAL
DRAFT
10.28.
2
0
2
1
2017 2018 2019 2020 2021
REVENUES:
Property Taxes 13,978,818$ 14,629,253$ 15,354,728$ 16,025,356$ 17,210,607$
Sales Taxes 5,535,422 5,910,069 6,124,320 5,740,046 6,652,729
Gas & Other Taxes 3,264,713 3,645,895 3,581,582 3,594,673 3,611,436
Special assessments 3,554,065 3,775,380 4,310,196 4,722,089 4,828,113
Charges for services 2,859,100 2,874,896 2,867,332 2,021,562 1,495,953
Licenses and permits 371,237 362,196 396,710 367,376 338,449
Development fees 3,096,371 3,275,723 4,286,391 2,471,063 2,941,817
Intergovernmental 1,918,820 1,735,441 2,853,143 1,208,170 1,659,443
Fines and forfeitures 163,825 167,822 187,979 128,312 86,104
Uses of money and property 995,448 1,054,042 3,924,193 4,265,728 1,771,567
Miscellaneous 897,019 279,040 424,954 944,642 587,430
Reimbursement from Successor Agency - - - 812,456 789,051
Total Revenues 36,634,838 37,709,757 44,311,528 42,301,473 41,972,699
EXPENDITURES:
Current:
General Government 1,622,521 1,830,739 1,624,096 1,922,014 1,732,686
Police services 8,881,254 9,426,989 9,690,883 9,658,510 9,065,799
Maintenance services 3,686,266 3,339,317 3,305,068 4,411,816 3,816,120
Lighting and landscape 3,374,354 3,644,177 4,067,377 3,703,613 3,903,054
Development services 8,186,500 11,741,330 12,346,910 5,549,402 6,065,680
Administrative services 3,536,546 3,472,727 3,555,297 3,777,435 3,606,353
Recreation, Arts & Community services 3,693,259 3,697,618 3,920,497 3,508,153 2,470,377
Capital outlay 2,102,572 8,692,182 4,781,767 13,198,230 3,911,357
Debt service:
Principal - - - 480,000 500,000
Interest and fiscal charges - - - 332,456 289,051
Total Expenditures 35,083,272 45,845,079 43,291,895 46,541,629 35,360,477
REVENUES OVER (UNDER)
EXPENDITURES 1,551,566 (8,135,322) 1,019,633 (4,240,156) 6,612,222
OTHER FINANCING SOURCES (USES):
Proceeds from sale of assets - - - 3,274,939 -
Transfers in 9,937,410 7,276,333 8,765,719 11,932,028 3,797,793
Transfers out (9,937,410) (7,276,333) (8,765,719) (11,932,028) (3,797,793)
Total other financing sources (uses)- - - 3,274,939 -
Extraordinary/Special item*- - - - -
NET CHANGE IN FUND BALANCES 1,551,566$ (8,135,322)$ 1,019,633$ (965,217)$ 6,612,222$
Debt service as a percentage of noncapital
expenditures 0.00%0.00%0.00%2.50%2.57%
Notes:
1. Revenues & expenditures were categorized differently prior to the implementation of GASB 34 in 2002.
2. Assets transferred from the former Community Development Agency (CDA) of the Town of Danville to the Successor Agency Trust Fund
(Modified Accrual Basis of Accounting)
Fiscal Year
Town of Danville
Changes in Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
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Fiscal
Year Less: Total Taxable Total
Ended Tax Exempt Assessed Direct
June 30 Secured Unsecured Secured Unsecured Property Value Rate
2012 9,170,986,676$ 50,217,076$ 2,604,516$ 47,076,779$ 173,327,421$ 9,097,557,626$ 0.10319%
2013 9,236,967,610 52,627,724 2,468,870 41,018,620 172,442,279 9,160,640,545 0.10323%
2014 9,812,406,625 52,547,546 2,315,399 39,737,234 171,279,730 9,735,727,074 0.07827%
2015 10,526,929,712 44,289,615 2,298,728 45,995,923 169,288,561 10,450,225,417 0.07752%
2016 11,231,575,805 49,320,732 3,732,903 42,680,915 170,375,283 11,156,935,072 0.07758%
2017 11,904,105,603 47,645,411 3,290,428 43,296,151 172,930,520 11,825,407,073 0.07763%
2018 12,497,304,292 48,065,757 3,371,837 45,354,774 176,396,870 12,417,699,790 0.07767%
2019 13,131,043,886 53,546,262 5,685,542 48,122,854 184,522,193 13,053,876,351 0.07769%
2020 13,815,833,911 53,545,615 5,301,255 49,668,729 176,668,847 13,747,680,663 0.07772%
2021 15,100,093,985 50,900,862 5,470,622 51,204,460 188,744,738 15,018,925,191 0.00000%
Note:
In 1978 the voters of the State of California passed Proposition 13 which limited basic property taxes to a total maximum rate of
1% based upon the assessed value of the property being taxed. Each year the assessed value of property may be increased by an
"inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is
sold to a new owner. At those times, the new assessed value is the purchase price. The estimated market value of taxable
property is not available.
Town of Danville
Assessed Value
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Assessed Value
Real Property Personal Property
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Total
San Ramon Bay Area Direct &
Fiscal County Valley Unified Rapid Transit Overlapping
Year Danville Wide 1 School District (BART) Miscellaneous Rate
2012 0.10319% 1.00% 0.0664% 0.0041% 0.0217% 1.19943%
2013 0.10323%1.00% 0.0705% 0.0043% 0.0214% 1.16917%
2014 0.07827%1.00% 0.0696% 0.0075% 0.0138% 0.07827%
2015 0.07752%1.00% 0.0651% 0.0045% 0.0121% 0.07752%
2016 0.07758%1.00% 0.0624% 0.0026% 0.0125% 0.07758%
2017 0.07763%1.00% 0.0652% 0.0080% 0.0152% 0.07763%
2018 0.07767%1.00% 0.0552% 0.0084% 0.0135% 0.07767%
2019 0.07769%1.00% 0.0750% 0.0070% 0.0131% 0.07769%
2020 0.07720% 1.00% 0.0750% 0.1200% 0.0282% 0.07720%
2021 0.07774% 1.00% 0.0750% 0.1390% 0.0175% 0.07774%
Note:
1 Countywide rate of 1% is levied with the proceeds distributed to all taxing agencies according to formulas specified by State legislature.
2 Individual agencies' rates are for payments of voter approved indebtedness.
Town of Danville
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(Rate Expressed in Percentage)
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Fiscal Total Tax
Year Levied and Delinquent
Ended Collected for Percentage Tax Collected Percentage
June 30 Fiscal Year of Levy Collections Amount of Levy
2012 12,967,656$ 100% n/a 12,967,656$ 100%
2013 12,242,443 100% n/a 12,242,443 100%
2014 13,190,148 100% n/a 13,190,148 100%
2015 14,171,661 100% n/a 14,171,661 100%
2016 14,736,156 100% n/a 14,736,156 100%
2017 14,430,722 100% n/a 14,430,722 100%
2018 14,629,254 100% n/a 14,629,254 100%
2019 15,928,730 100% n/a 15,928,730 100%
2020 16,678,857 100% n/a 16,678,857 100%
2021 17,330,169 100% n/a 17,330,169 100%
Note:
1. The data in this table includes basic and supplemental city property taxes, Redevelopment Agency tax
increments, ERAF refunds, property tax in-lieu of motor vehicle license fees and the sales tax triple flip.
2. Contra Costa County assesses, bills, collects and distributes property taxes to all taxing entities including the Town.
Under a State law, known as the Teeter Plan, the County remits the entire amount levied to the Town. The County
handles all delinquencies and retains all interest and penalties.
Source: County of Contra Costa
Last Ten Fiscal Years
Collected Within the
Fiscal Year of the Levy Total Collections To Date
Property Tax Levies and Collections
Town of Danville
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Certificate Taxable Total Percentage
Fiscal of Revenue Bonds Primary of Personal Per
Year Participation Loan Payable Government Income Capita
2012 9,590,000$ -9,590,000$ **226.98$
2013 9,230,000 -9,230,000 **216.06
2014 8,860,000 -8,860,000 **205.35
2015 8,860,000 -8,860,000 **202.79
2016 8,055,000 -8,055,000 **187.92
2017 7,635,000 -7,635,000 **178.12
2018 7,195,000 -7,195,000 **167.85
2019 6,735,000 -6,735,000 **148.77
2020 6,255,000 -6,255,000 **140.16
2021 5,755,000 -5,755,000 **131.08
Note:
1. COP is paid with property tax increment of the Property Tax Trust Fund.
2. Taxable Revenue Bonds Loan Payable was transferred to the Successor Agency Trust Fund.
3. Bank notes for child care facilities and capital leases.
4. Reliable information is not available.
Town of Danville
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
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General Tax Less: Amount
Fiscal Obligation Allocation Available in
Year Bonds Bonds Debt Service Fund Total (net)
2012 -$ -$ -$ -$
2013 - - - -
2014 - - - -
2015 - - - -
2016 - - - -
2017 - - - -
2018 - - - -
2019 - - - -
2020 - - - -
2021 - - - -
Note: The Town of Danville does not have any General Bonded debt.
Town of Danville
Ratios of General Bonded Debt Outstanding
Outstanding General Bonded Debt
Last Ten Fiscal Years
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2019-2020 Assessed Valuation:13,815,885,863$
Redevelopment Incremental Valuation 13,815,885,863$
Adjusted Assessed Valuation:
Total Debt Town's Share of
OVERLAPPING TAX AND ASSESSMENT DEBT:6/30/20 % Applicable (1)Debt (6/30/20)
Bay Area Rapid Transit District 1,282,740,000$ 1.717% 22,024,646$
Contra Costa Community College District 513,955,000 6.423% 33,011,330
San Ramon Valley Unified School District 426,630,000 26.547% 113,257,466
East Bay Regional Park District 155,835,000 2.738% 4,266,762
SUBTOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 172,560,204$
DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Contra Costa County General Fund Obligations 232,484,653$ 6.401% 14,881,343$
Contra Costa County Pension Obligations 85,690,000 6.401% 5,485,017
San Ramon Valley Unified School District General Fund Obligations 22,869,938 26.547% 6,071,282
San Ramon Valley Fire Protection District - COP 15,356,796 26.691% 4,098,882
Town of Danville Certificates of Participation (COP) 6,255,000 100% 6,255,000
SUBTOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 36,791,524$
Less: Contra Costa County obligations supported from revenue funds (5,934,137)
TOTAL NET DIRECT AND OVERLAPPING GENERAL FUND DEBT 30,857,387$
OVERLAPPING TAX INCREMENT DEBT (Successor Agency) 2,285,000$ 100% 2,285,000$
TOTAL DIRECT DEBT 6,255,000$
TOTAL GROSS OVERLAPPING DEBT 205,381,728$
TOTAL NET OVERLAPPPING DEBT 199,447,591$
GRAND TOTAL DIRECT AND OVERLAPPING DEBT 211,636,728$
NET COMBINED TOTAL DEBT 205,702,591$
(1)
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
Ratios to 2019/20 Assessed Valuation:
Total Overlapping Tax and Assessment Debt 1.25%
Total Direct Debt ($7,635,000)0.05%
Gross Combined Total Debt 1.59%
Net Combined Total Debt 1.54%
Ratios to Redevelopment Successor Agency Incremental Valuation ($405,524,438):
Total Overlapping Tax Increment Debt 0.60%
Source: California Municipal Statistics, Inc.
notes, revenue bonds, mortgage revenue bonds, tax allocation bonds, obligations and capital lease obligations.
Town of Danville
Direct and Overlapping Governmental Activities Debt
Current Year
The percentage of overlapping debt applicable to the Town is estimated using taxable assessed property value. Applicable percentages were estimated by
determining the portion of the overlapping district's assessed value that is within the boundaries of the Town divided by the district's total taxable assessed
value.
Note - This schedule presents fiscal capacity and debt for overlapping governments. It is intended to demonstrate the total property tax burden on the
taxpayers within Danville and the total debt that their property taxes will be expected to pay. This schedule excludes tax and revenue anticipation
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Taxable Percentage of Taxable Percentage of
Assessed Total Taxable Assessed Total Taxable
Employer Value Rank Assessed Value Value Rank Assessed Value
MM Danville Apartments, LLC 54,252,589$ 1 0.38%
Danville Livery & Mercantile 52,020,460 2 0.36% 41,495,850$ 1 0.45%
ROIC California, LLC 46,609,519 3 0.33%
Reg8 Tassajara Crossing, LLC 41,399,094 4 0.29% 35,139,120 2 0.38%
Costco Wholesale Corporation 30,167,747 5 0.21% 22,314,153 3 0.24%
Rose Garden Associates Danville, LLC 28,587,872 6 0.20% 18,860,000 5 0.20%
Danville Park RE LLC 19,907,369 7 0.14% 13,500,000 9 0.15%
Rassier Properties Danville Medical Ctr. 17,161,597 8 0.12%
Montair Associates, LLC 16,785,286 9 0.12% 14,328,376 8
Danville Senior Living, LLC 14,152,000 10 0.10%
Alamo Group Iron Horse LLC 18,454,000 6 0.20%
Davidon Homes 18,397,561 7 0.20%
Diablo Lodge 12,502,809 10 0.13%
GS Associates - Joint Venture 21,868,748 4 0.24%
Totals 321,043,533$ 2.25% 216,860,617$ 2.19%
Note:
The amounts shown above include assessed value data for both the Town and the Successor Agency.
Because of the many ways a business or individual can hold title, the above list is an approximation of the top taxpayers within
the Town of Danville.
Source: HdL
Town of Danville
Principal Property Taxpayers
Current Year and Nine Fiscal Years Ago
2021 2012
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2012 2013 2014 2015 2016
Debt Limit 341,158,411$ 343,524,020$ 365,089,765$ 391,883,453$ 418,385,065$
Total net debt
applicable to limit - - - - -
Legal debt margin 341,158,411$ 343,524,020$ 365,089,765$ 391,883,453$ 418,385,065$
Total net debt applicable to the
limit as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00%
Note: The Government Code of the State of California provides for a legal debt limit of 3.75% of gross assessed valuation.
Source: County of Contra Costa
Town of Danville
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
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2017 2018 2019 2020 2021
Debt Limit 443,452,765$ 465,663,742$ 489,520,363$ 515,538,025$ 563,209,695$
Total net debt
applicable to limit - - - - -
Legal debt margin 443,452,765$ 465,663,742$ 489,520,363$ 515,538,025$ 563,209,695$
Total net debt applicable to the
limit as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00%
Assessed Value 15,018,925,191$
Add back: exempt real property 188,744,738
Total assessed value 15,207,669,929$
Debt Limit (3.75% of assessed value)563,209,695$
Total net debt applicable to limit -
Legal Debt Margin 563,209,695$
Note: The Government Code of the State of California provides for a legal debt limit of 3.75% of gross assessed valuation.
Source: County of Contra Costa
Legal Debt Margin Calculation for Fiscal Year 2021
Town of Danville
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
Fiscal Year
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Fiscal Tax Tax
Year Increment Principal Interest Coverage1 Increment Principal Interest Coverage
2012 1,099,265$ 350,000$ 449,391$ 1.38 272,192$ 70,000$ 276,818$ 0.78
2013 1,188,645 360,000 435,192 1.49 404,571 80,000 271,020 1.15
2014 - 370,000 420,541 - - 95,000 263,889 -
2015 - 395,000 404,973 - - 105,000 255,739 -
2016 - 410,000 388,256 - - 120,000 246,570 -
2017 - 420,000 370,819 - - 130,000 236,383 -
2018 - 440,000 352,316 - - 140,000 225,380 -
2019 - 460,000 332,456 - - 155,000 213,359 -
2020 - 480,000 311,356 - - 165,000 200,289 -
2021 - 500,000 289,051 - - 180,000 186,261 -
Note:
1. Fund balance used to cover debt service
Debt Service Debt Service
Town of Danville
Pledged-Revenue Coverage
Last Ten Fiscal Years
Certificates of Participation Taxable Revenue Bond
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Median Persons per Per Personal Public
Household Household Capita Income School Unemployment
Year Population 1 Income 2 Unit 3 Income 2 (in thousands)Enrollment 4 Rate 5
2012 42,450 133,888 2.73 63,404$ ** 29,884 4.9%
2013 42,720 **2.75 **** 30,757 3.8%
2014 43,146 **2.77 **** 31,398 3.3%
2015 43,691 140,809 2.79 **** 31,954 4.1%
2016 42,865 **2.97 **** 32,255 3.9%
2017 43,355 ******** 32,425 3.5%
2018 44,396 ** ****** 32,504 2.9%
2019 45,270 ******** 32,138 2.7%
2020 44,626 ******** 31,911 10.0%
2021 43,906 ******** 30,726 4.7%
Note:
Per Capita Income and Personal Income is for County of Contra Costa since reliable Town specific data is not available.
Sources:
1. California State Department of Finance
2. For FY 2012: US Census Bureau, 2009-2011 American Community Survey: $133,888 +/- $10,705
3. U.S. Department of Commerce Census, Bureau American Community Surveys
4. California Department of Education (Schools within the San Ramon Valley Unified School District)
5. California State Employment Development Department
**Figures not available
Town of Danville
Demographic and Economic Statistics
Last Ten Fiscal Years
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Number of % of Number of % of
Employer Employees 1 Rank Top 10 Employees 1 Rank Top 10
Costco 424 1 35.1%204 2 17.8%
Keller Williams Realty 213 2 17.6%342 1 29.9%
Safeway, Inc.94 3 7.8%98 3 8.6%
Common Interest Management Services 85 4 7.0%
Trader Joe's 85 5 7.0%82 4 7.2%
Lunardi's Market 81 6 6.7%67 8 5.9%
Danville Nursing & Rehabilitation Center 61 7 5.0%66 9 5.8%
Crow Canyon Management Corp.60 8 5.0%74 6 6.5%
Sunrise Assisted Living of Danville 60 9 5.0%60 10 5.2%
Sereno Group, Inc.45 10 3.7%
Brookfield Calwest Builders 80 5 7.0%
J. Rockcliff Realtors 72 7 6.3%
Pacific Gas & Electric
Total Employees: 1,208 1,145
Note:
1. Data complied from Town of Danville Business License Division.
Town of Danville
Principal Employers in the Town of Danville
Current Year and Previous Year
2021 2020
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Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Legislative 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Administration 4.00 4.00 4.00 6.75 6.50 8.25 8.25 7.75 7.75 6.75
Legal 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Police Services* 35.75 34.75 34.00 36.75 37.75 37.75 37.75 37.75 37.75 37.75
Development Services 25.25 24.25 25.50 25.50 29.75 27.00 27.00 26.50 25.50 23.50
Transportation Services 4.50 4.50 4.25 4.25 3.25 3.75 3.25 3.00 3.00 3.00
Community Services
Maintenance 23.00 24.00 24.00 29.00 31.00 31.00 31.00 31.00 31.00 31.00
Recreation, Arts &
Community Services 15.50 15.50 15.25 37.75 37.75 38.25 38.25 42.00 42.00 42.00
Finance 5.50 5.50 5.50 5.25 5.25 5.25 5.25 5.00 5.00 5.00
Support Services 3.00 3.00 3.00 4.50 4.50 4.50 4.50 4.50 4.50 4.50
Community Events** 0.25 0.25 0.25 0.50 0.50 0.50 0.50 0.50 0.50 0.50
Human Resources 2.00 2.00 2.00 2.00 2.50 2.50 2.50 2.25 2.25 2.00
Total 120.75 120.75 119.75 119.75 154.25 160.75 160.75 160.25 161.25 158.00
Source: Adopted Town Budgets
* includes 30 County contract sworn officers in FY 2016/17
FY 2014-15: Legislative, Administration and Legal were combined with General Government
**Community Services and Special Events were combined with Recreation, Arts & Community Services
Town of Danville
Full-Time Equivalent Town Government Employees by Function
Last Ten Fiscal Years
Fiscal Year
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Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Police:1
Arrests 654 701 574 618 515 500 447 391 281 165
Traffic violations 2,109 4,220 6,001 5,345 3,875 2,605 3,702 2,786 2,482 1,177
Parking violations 1,398 2,009 2,373 1,619 1,625 1,774 1,367 1,593 1,346 482
Public works:
Street resurfacing (miles) 9.7 24 18.7 14.2 24 15.2 5.9 5.5 10.23 0
Pot holes repaired 110 151 160 111 181 249 84 309 149 163
Parks and recreation:
Course registration 17,396 20,101 22,191 17,176 18,147 20,352 19,174 18,146 13,593 4,592
Facility rentals/permits 2 13,790 13,915 13,894 816 716 804 786 638 538 8
Picnic rentals 505 511 535 460 241 413 406 354 205 130
Note:
1. Police Statistics are reported end of calendar year
2. Facility rentals were previously tracked by the number of bookings, which may have included multiple bookings on one rental permit.
As a result of the implementation of Active Network, a new registration software, rentals are now tracked only by rental permit.
Source: Various Town departments
Town of Danville
Operating Indicators by Function
Last Ten Fiscal Years
Fiscal Year
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Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Police:
Stations 1111111111
Patrol units 16 14 12 13 12 13 13 13 13 13
Public works:
Street (miles) 144.6 144.6 144.6 144.6 144.6 144.6 144.6 157.89 158.15 158.15
Street lights 3,449 1,417 1,417 1,417 1,417 1,417 1,158 1,158 1,158 1,158
Signalized intersections 51 51 51 52 51 52 54 54 54 54
Parks and recreation:
Parks acreage 312.5 312.5 312.5 312.5 312.5 312.5 312.5 312.5 312.5 312.5
Parks 5555555555
Swimming pools 0000000000
Tennis courts 7 10 10 10 10 10 10 10 10 10
Pickleball courts 0000000002
Community centers 3333333333
Source: Various Town departments
Town of Danville
Capital Asset Statistics by Function
Last Ten Fiscal Years
Fiscal Year
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