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CITY OF SAN LEANDRO NOTES TO BASIC FINANCIAL STATEMENTS For The Year Ended June 30, 2024 NOTE 12 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY A.Fund Deficits At June 30, 2024, the following funds had deficit fund balances or net position: Special Grants Special Revenue 1,578,244$ Private-Purpose Trust Fund 22,096,022 Parking Special Revenue Fund 121,892 C.D.B.G. Special Revenue Fund 187,487 Storm Water Utility Enterprise Fund 2,745,454 Self-Insurance Internal Service Fund 1,554,365 B.Expenditures in Excess of Appropriations Excess of expenditures over appropriations approved by the City Council occurred in individual funds during the fiscal year 2023-24 as follows: Fund/Department Expenditure Appropriation Excess Special Revenue Funds: Affordable Housing 216,668$ 3,500$ 213,168$ Cherrywood Maintenance District 509 -509 Measure B - Paratransit 402,988 -402,988 HOME 19,783 16,266 3,517 Housing In-Lieu 374,500 65,000 309,500 Debt Service Fund: San Leandro Public Financing Authority 3,179,311$ 3,173,261$ 6,050$ NOTE 13 – INSURANCE The City provides workers’ compensation benefits under self-insurance programs. Claims outstanding, including claims incurred but not reported, are estimated and recorded as liabilities in the Self Insurance Internal Service Fund. The City’s self-insured retention limit for workers’ compensation is $250,000 per claim. The City is a member of the Local Agency Workers’ Compensation Excess Joint Powers Authority (LAWCX). This coverage includes a limit of $45 million for excess workers compensation, $5 million for employer’s liability, and a statutory excess layer of $50 million. The City is a member of California Joint Powers Risk Management Authority (CJPRMA), which provides annual general liability coverage in an aggregate up to $40 million. The City is self-insured for the first $750,000 for liability losses. The City has had no settlements that exceed the self-insured retention coverage in the last five fiscal years. The City’s deposits in the CJPRMA equal the ratio of the City’s payroll to the total payrolls of all entities participating in the same layer of each program in each program year. 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. Estimated claims liabilities, as shown below, are presented on a basis of actuarial value as determined by the City’s actuary, who determines the expected value of the overall claim based upon certain criteria of the claim. 77