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City of San Leandro
<br />Required Supplementary Information
<br />For the year ended June 30, 2013
<br />1. BUDGETS AND BUDGETARY ACCOUNTING
<br />The City adopts a budget annually for all governmental fund types. This budget is effective July 1 for the
<br />ensuing fiscal year. From the effective date of the budget, which is adopted and controlled at the
<br />department level, the amounts stated therein as proposed expenditures become appropriations to the
<br />various City departments. The City Council may amend the budget by resolution during the fiscal year.
<br />The City Manager is authorized to transfer budgeted amounts between departments and line items within
<br />any fund; however, any revisions which alter the total expenditures of any fund must be approved by the
<br />City Council. Transfers between funds must be approved by the City Council. All appropriations lapse at
<br />year-end, unless otherwise authorized by the City Council and the City Manager, except for capital
<br />improvement funds for which appropriations endure until the project is completed. The City does not
<br />budget for the Affordable Housing Asset Fund.
<br />Annual budgets are adopted on a basis consistent with generally accepted accounting principles except for
<br />capital projects funds, which are adopted on a project length basis, which means budgets, are used until
<br />the project's completion for the entire project amount.
<br />Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditures
<br />of monies are recorded in order to reserve that portion of the applicable appropriation. Encumbrance
<br />accounting is employed as an extension of the formal budgetary process. Encumbrances outstanding at
<br />year-end are carried over to the next fiscal year as part of that year's budget resolution.
<br />GAAP serves as the budgetary basis of accounting.
<br />2. PENSION PLANS SCHEDULE OF FUNDING PROGRESS — PERS
<br />Public Employees Retirement System Pension plan consist of annual actuarial valuation of assets for both
<br />safety and miscellaneous employees of the City. Note 14 describes the Employee Retirement Plans
<br />including plan description, funding policy and annual pension cost. Since the City has less than 100
<br />active members in the Safety plans since 06/30/2003, the City is required to participate in a risk pool. An
<br />actuarial valuation was performed with other participants within the same risk pool. The Plans' actuarial
<br />values, which differ from fair values, and funding progress over the most recent past three years available,
<br />are set forth below at their actuarial valuation date of June 30:
<br />* Effective with the 6/30/03 valuation, Ca1PERS established risk pools for plans containing less than 100
<br />active members. The City's plan is included of the cost-sharing multiple -employer defined benefit
<br />variety.
<br />91
<br />Unfunded
<br />Entry Age
<br />Actuarial
<br />Liability
<br />Annual
<br />UAAL
<br />Valuation
<br />Actuarial Accrued
<br />Value of
<br />Unfunded
<br />Funded
<br />Covered
<br />as a% of
<br />Date
<br />Liability
<br />Assets
<br />Liability
<br />Status
<br />Payroll
<br />Payroll
<br />Miscellaneous:
<br />6/30/2010
<br />$214,152,551
<br />$183,903,259
<br />$30,249,292
<br />85.9%
<br />$19,694,872
<br />153.6%
<br />6/30/2011
<br />226,836,862
<br />190,211,455
<br />36,625,407
<br />83.9%
<br />19,739,792
<br />185.5%
<br />6/30/2012
<br />232,429,659
<br />189,028,548
<br />43,401,111
<br />81.3%
<br />20,167,441
<br />215.2%
<br />S afety:
<br />6/30/2011
<br />$222,794,853
<br />$156,573,929
<br />$66,220,924
<br />70.3%
<br />$10,125,853
<br />654.0%
<br />6/30/2012
<br />227,421,062
<br />167,707,671
<br />59,713,391
<br />73.7%
<br />10,058,373
<br />593.7%
<br />* Effective with the 6/30/03 valuation, Ca1PERS established risk pools for plans containing less than 100
<br />active members. The City's plan is included of the cost-sharing multiple -employer defined benefit
<br />variety.
<br />91
<br />
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