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File Number: 21-090 <br />anticipated Other Post-Employment Benefit costs resulting from the City’s contract for fire <br />protection services with Alameda County. Lastly, $46.7 million is Unassigned and <br />available for spending in the future. <br />·Impacted by the COVID-19 pandemic, General Fund sales tax revenue decreased by <br />2.6% or $1.2 million from the prior fiscal year; property transfer tax decreased by 29.5% or <br />$1.6 million from the prior fiscal year. The decreases were partially offset by the increases <br />from property tax and other revenues. Due to early implementation of prudent spending <br />strategies, the General Fund ended the fiscal year with positive financial results. General <br />Fund balance increased by $4.5 million including spendable and nonspendable resources. <br />·The City's business-type/enterprise activities include the Water Pollution Control Plant, <br />Shoreline, Storm Water Utility, and Environmental Services. The total net position for all <br />four of these funds was $58.6 million at fiscal year end June 30, 2020, a decrease of $0.2 <br />million over the prior fiscal year. <br />Again, Maze found the general purpose financial statements present fairly the City’s financial <br />position as of June 30, 2020. This is the highest level opinion that can be rendered by the <br />auditors. This opinion assures that the City's financial statements are in conformity with <br />accounting principles generally accepted in the United States and was rendered on all of the <br />City's funds, including the Successor Agency to the Redevelopment Agency of the City of San <br />Leandro. <br />The City Council should note that the City was awarded the Certificate of Achievement for <br />Excellence in Financial Reporting for the Fiscal Year ended June 30, 2018 by the Government <br />Finance Officers Association of the United States and Canada (GFOA). Because of staffing <br />transitions, the City did not apply for the GFOA award for the fiscal year 2018-19 CAFR. The City <br />is planning to apply for the award for the fiscal year 2019-20 CAFR, and staff believes it continues <br />to meet the stringent standards of the GFOA Awards program. <br />Staff recommends that the City Council accept the Comprehensive Annual Financial Report <br />(CAFR) for the Fiscal Year end June 30, 2020. <br />ATTACHMENTS <br />None <br />PREPARED BY <br />Susan Hsieh, Finance Director <br />Page 3 City of San Leandro Printed on 2/11/2021 <br />84