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<br />F,
<br />City of San Leandro
<br />Required Supplemental Information
<br />For the year ended June 30, 2010
<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 ensuing
<br />fiscal year. From the effective date of the budget, which is adopted and controlled at the department level, the amounts
<br />stated therein as proposed expenditures become appropriations to the various City departments. The City Council may
<br />amend the budget by resolution during the fiscal year. The City Manager is authorized to transfer budgeted amounts
<br />between departments and line items within any fund; however, any revisions which alter the total expenditures of any
<br />fund must be approved by the City Council. Transfers between funds must be approved by the City Council. All
<br />appropriations lapse at year-end, unless otherwise authorized by the City Council and the City Manager, except for
<br />capital improvement funds for which appropriations endure until the project is completed.
<br />Annual budgets are adopted on a basis consistent with generally accepted accounting principles except for capital
<br />projects funds, which are adopted on a project length basis, which means budgets, are used until the project's
<br />completion for the entire project amount.
<br />Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditures of monies are
<br />recorded in order to reserve that portion of the applicable appropriation. Encumbrance accounting is employed as an
<br />extension of the formal budgetary process. Encumbrances outstanding at year-end are carried over to the next fiscal
<br />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 safety and
<br />miscellaneous employees of the City. Note 14 describes the Employee Retirement Plans including plan description,
<br />funding policy and annual pension cost. Since the City has less than 100 active members in the Safety plans since
<br />06/30/2003, the City is required to participate in a risk pool. An actuarial valuation was performed with other
<br />participants within the same risk pool. Therefore, standalone information of the schedule of the funding progress for
<br />the City was not disclosed.
<br />Unfunded
<br />Entry Age
<br />Actuarial
<br />Valuation
<br />Normal Accrued
<br />Value of
<br />Date
<br />Liability
<br />Assets
<br />Miscellaneous:
<br />6/30/2007
<br />179,016,400
<br />164,617,605
<br />6/30/2008
<br />187,424,677
<br />173,324,193
<br />6/30/2009
<br />205,208,780
<br />179,247,735
<br />Safety:
<br />6/30/2007
<br />7,986,055,176
<br />6,826,599,459
<br />6/30/2008
<br />8,700,467,733
<br />7,464,927,716
<br />6/30/2009
<br />9,721,675,347
<br />8,027,158,724
<br />Liability Annual UAAL
<br />(Excess Funded Covered as a % of
<br />Assets) Status Payroll Payroll
<br />14,398,795
<br />92.0%
<br />22,688,537
<br />63.5%
<br />14,100,484
<br />92.5%
<br />23,605,301
<br />59.7%
<br />25,961,045
<br />87.3%
<br />23,510,790
<br />110.4%
<br />1,159,455,717 85.5% 731,607,658 158.5%
<br />1,235,540,017 85.8% 914,840,596 135.1%
<br />1,694,516,623 82.6% 973,814,168 174.0%
<br />* Effective with the 6/30/03 valuation, CalPERS established risk pools for plans containing less than 100 active
<br />members. The City's plan is included of the cost -sharing multiple -employer defined benefit variety.
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