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HomeMy WebLinkAboutMINUTES - 06302001 - FY06-30-2001 COUNTY OF CONTRA L%fwp-lrll ■ ■ ■ COMPREHENSIVE ANNUAL ■ FINANCIAL REPORT ■ Fiscal Year Ended June 30, 2001 ■ ■ KennethJ. Corcoran Auditor-Controller a Jr 3100 ■ ■ s�AL _ _ w H� a ,!Tl � . � •. y, co ■ ■ � County of Contra Costa., California ■ � COMPREHENSIVE ANNUAL � FINANCIAL REPORT ■ ■ ■ Fiscal Year Ended June 30, 2001 ■ Kenneth J. Corcoran Auditor-Controller ■ COUNTY OF CONTRA COSTA ■ COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS ■ June 30,2001 Page Introductory Section Letter to the Board of Supervisors and Citizens of the County........................................................................................ i PublicOfficials .............................................................................................................................................................. xi OrganizationalChart.....................................................................................................................................................xii Certificateof Achievement..........................................................................................................................................xiii Financial Section IndependentAuditor's Report.......................................................................................................................................... ■ General-Purpose Financial Statements: Combined Balance.Sheet-All Fund Types,Account Groups and Discretely Presented Component Unit ................4 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- All Governmental Fund Types,Expendable Trust Fund and Discretely Presented Component Unit....................8 Combined Statement of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual-General, Special Revenue and Certain Debt Service and Capital Projects Funds...............................................................10 Combined Statement of Revenues, Expenses and Changes in Retained Earnings- AllProprietary Fund Types..................................................................................................................................12 Combined Statement of Changes in Net Assets-Pension and Investment Trust Funds...........................................13 Combined Statement of Cash Flows- All Proprietary Fund Types...........................................................................14 Notes to General-Purpose Financial Statements: Summary of Significant Accounting Policies.......................................................................................................15 Cashand Investments...........................................................................................................................................23 PropertyTax.........................................................................................................................................................26 NotesReceivable..................................................................................................................................................27 FixedAssets..........................................................................................................................................................28 Short-Term Notes.................................................................................................................................................29 LeaseCommitments.............................................................................................................................................29 Long-Term Obligations........................................................................................................................................30 Intert:und Balances................................................................................................................................................36 FundEquity..........................................................................................................................................................37 ■ Paulson Lawsuit Settlement..................................................................................................................................38 DeficitRetained Earnings.....................................................................................................................................38 ContributedCapital Changes................................................................................................................................39 Segment Information for Enterprise Funds...........................................................................................................39 ConduitDebt.........................................................................................................................................................40 RiskManagement.................................................................................................................................................40 Commitments and Contingencies.........................................................................................................................42 PensionPlan .........................................................................................................................................................43 Medicareand Medi-Cal Programs........................................................................................................................45 Expenditures in Excess of Budget........................................................................................................................45 SubsequentEvents................................................................................................................................................46 Supplemental Combining, Individual Fund and Account Group Financial Statements and Schedules: . GeneralFund:...........................................................................................................................................................47 ComparativeBalance Sheet.................................................................................................................................48 Statement of Revenues,Expenditures and Changes in Fund Balance-Budget and Actual................................49 SpecialRevenue Funds:............................................................................................................................................ 53 CombiningBalance Sheet.................................................................................................................................... 56 ■. Combining Statement of Revenues, Expenditures and Changes in Fund Balances.............................................58 Statements of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual: ■ RoadSpecial Revenue Funds..........................................................................................................................60 LibrarySpecial Revenue Fund........................................................................................................................61 Fire Protection Special Revenue Funds..........................................................................................................62 Health and Sanitation Special Revenue Funds................................................................................................63 Service Areas Special Revenue Funds............................................................................................................64 FloodControl Special Revenue Funds............................................................................................................66 ■ Law Enforcement Special Revenue Funds......................................................................................................67 Courts and Criminal Justice Special Revenue Funds...................................................................................... 68 Recorder/Clerk Modernization Special Revenue Funds.................................................................................69 ■ Land Development Special Revenue Fund.....................................................................................................70 Redevelopment Agency Special Revenue Funds............................................................................................71 Child Development Special Revenue Fund..................................................................................................... 72 In-Home Supportive Services Public Authority Special Revenue Fund.........................................................73 OtherSpecial Revenue Funds.........................................................................................................................74 DebtService Funds:...... ........................................................................................................................................... 75 CombiningBalance Sheet.................................................................................................................................... 76 Combining Statement of Revenues, Expenditures and Changes in Fund Balances............................................. 78 Statements of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual: Recreation and Park Bonds Debt Service Fund.............................................................................................. 80 StormDrainage Bonds Debt Service Fund..................................................................................................... 81 Redevelopment Agency Debt Service Funds.................................................................................................. 82 Pension Bond Debt Service Fund.................................................................................................................... 83 CapitalProjects Funds:.............................................................................................................................................85 CombiningBalance Sheet.................................................................................................................................... 86 Combining Statement of Revenues, Expenditures and Changes in Fund.Balances............................................. 87 Statements of Revenues, Expenditures and Changes in Fund Balances-Budget and Actual: S Redevelopment Agency Capital Projects Funds............................................................................................. 88 County Facilities Capital Projects Funds........................................................................................................ 89 EnterpriseFunds:.......................................................................................................................................................91 CombiningBalance Sheet.....................................................................................................................................92 Combining Statement of Revenues,Expenses and Changes in Retained Earnings.............................................94 Combining Statement of Cash Flows...................................................................................................................96 InternalService Funds:.............................................................................................................................................99 CombiningBalance Sheet.................................................................................................................................. 100 Combining Statement of Revenues, Expenses and Changes in Retained Earnings(Deficit) ............................ 102 Combining Statement of Cash Flows.................................................................................................................. 104 FiduciaryFunds:..................................................................................................................................................... 107 Combining Balance Sheet- Fiduciary Funds..................................................................................................... 108 Combining Statement of Changes in Assets and Liabilities-Agency Funds.................................................... 109 General Fixed Assets Account Group:..................................................................................................................... 1 I 1 ■ Schedule of General Fixed Assets-By Source................................................................................................. 112 Schedule of General Fixed Assets-By Function and Activity...........................................................................1 13 Schedule of Changes in General Fixed Assets- By Function and Activity........................................................1 14 Statistical Section . General County Revenues by Source...........................................................................................................................1 17 GeneralCounty Expenditures by Function..................................................................................................................1 18 General County Revenues by Source-Constant Dollars.............................................................................................1 19 General County Expenditures by Function-Constant Dollars....................................................................................120 Assessed Value of Taxable Property............................................................................................................................121 General Taxes Levied and Collected............................................................................................................................122 Special Assessments Levied and Collected..................................................................................................................123 . Property Tax Rates- Direct and Overlapping Governments......................................................I.................................124 Property Taxes- Direct and All Overlapping Governments........................................................................................125 . Property Tax Levies and Delinquencies.......................................................................................................................126 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita...........................................127 . Property Value,Construction and Bank Deposits........................................................................................................128 Ratio of Annual Debt Service Expenditures for General Bonded Debt toTotal General Expenditures.................................................................................................................................130 Computationof Legal Debt Margin.............................................................................................................................131 Computation of Direct and Overlapping Debt.............................................................................................................132 TenPrincipal Taxpayers ..............................................................................................................................................134 Demographics- Population..........................................................................................................................................135 MiscellaneousStatistics................................................................................................................................................136 ■ ■ ■ ■ ■ . ,� fEl, a T fO % a I� ■ ■ ■ ■ ■ ■ ■ ■ � INTRODUCTORY � SECTION ■ ■ r ■ a ■ ■ ■ ■ Contra Costa County . Me of Kenneth J. Corcoran COUNTY AUDITOR-CONTROLLER SteftorJ.aller � Stepheenn J.Ybarre . - �. Assistant Auditor-Controller 625 Court Street Martinez, California 94553-1282 Telephone (925) 646-2181 ■ Fax (925) 646-2649 December 5,2001 Members of the Board of Supervisors and ■ Citizens of Contra Costa County: . The Comprehensive Annual Financial Report (CAFR) of the County of Contra Costa for the fiscal year of 2000-2001 is presented in compliance with Section 25253 of the Government Code of the State of California. The Office of the County Auditor-Controller,which is responsible for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, prepared this report. We believe the data, as presented, are accurate in all material aspects and presented in a manner designed to fairly set forth the financial position and results of operations of the County as . measured by the financial activity of its various funds, and that all disclosures necessary to enable the reader to gain the maximum understanding of the County's financial affairs have been included. . The CAFR represents the culmination of all budgeting and accounting activities engaged in by management during the year, covering all funds and account groups of the County and its financial transactions. The CAFR is organized into three sections: ■ • The introductory Section is intended to familiarize the reader with the organizational structure of the . County, the nature and scope of the services it provides, and the specifics of its legal operating environment. . • The Financial Section includes the audited general-purpose financial statements, its notes thereto, supporting statements and schedules necessary to fairly present the financial position and the results of operations of the County in conformity with accounting principles generally accepted in the United . States of America and the independent auditor's report on the general-purpose financial statements. • The Statistical Section contains comprehensive statistical data for the County relating to its physical, economic,social and political characteristics. . The County reporting entity includes all the funds and account groups of the primary government as well as all of its component units. Component units are legally separate entities for which the primary government is financially accountable or other organizations for which the nature and significance of the relationship with the primary government are such that . exclusion would make the enclosed financial statements misleading or incomplete. By this definition, the reporting entity includes 47 component units: the Contra Costa County Public Facilities Corporation, the County of Contra Costa Public ■ Financing Authority,the Housing Authority of Contra Costa County(included as of and for the year ended March 31,200)), the Contra Costa County Redevelopment Agency,the Contra Costa County Employees' Retirement Association(included as of and for the year ended December 31, 2000), the Contra Costa Children and Families Commission; the Contra Costa In- Home Supportive Services Public Authority and 40 County Special Districts and Service Areas. i The reporting entity excludes certain separate legal entities which may have "Contra Costa" in their title, or which are ■ required to keep their funds in the County Treasury or receive their tax apportionment from the County. Examples are school districts, the community college district, cities, city redevelopment agencies, the Bay Area Rapid Transit District, the . Metropolitan Transportation Commission, and a variety of special purpose districts for cemeteries, mosquito abatement, recreation and parks, ctc. These entities are autonomous organizations that handle their own fiscal affairs and for which the Board of Supervisors has no oversight responsibility. Accordingly, they are not included in the accompanying general . purpose financial statements, except for their assets, principally cash and investments, which are held by the County Treasurer. The County provides the full-range of services contemplated by statute. These services include public protection, highways • and streets,sanitation,health and social services,planning and zoning and general administrative services. ■ ECONOMIC CONDITIONS AND OUTLOOK ■ Contra Costa County was incorporated in 1850 as one of the original 27 counties of the State. It is one of nine counties in the San Francisco-Oakland Bay Area. The County covers about 733 square miles;the western and northern shorelines are highly ■ industrialized,while the interior sections are suburban/residential,commercial and light industrial. The County has a general law form of government. A five member Board of Supervisors, each elected to four year terms, r serves as the legislative body. A County Administrative Officer is appointed by the Board and runs the day-to-day business. Population and job growth projections remain positive. As of January 1, 2001, the County's population was estimated at . 972,103, an increase of 21.9 percent since 1990. A study prepared by the Association of Bay Area Governments projects a 36.0 percent increase in population between 2000 and 2040. . The State's economy has been resilient, in spite of recent challenges. This is supported by current unemployment statistics, which indicate the State's overall jobless rate only increased 0.4 percent since June 2000 to 5.7 percent in October 2001. . The County's October 2001 jobless rate increased 0.5 percent to 3.6 percent. Consistent with historical performance, it was also significantly below the State-wide average of 5.7 percent. The County's economy is very diverse; major industries . include petroleum refining, steel manufacturing, chemicals, electronic equipment, paper products, services and food processing. The combination of the above factors contributes to Contra Costa's consistent ranking as a leading county in both ■ per capita and household income. ■ ■ ■ ■ ii ■ ■ MAJOR INITIATIVES AND SERVICE EFFORTS AND ACCOMPLISHMENTS . fhe. County continued to explore and initiate ways to improve its operations to provide the most efficient and effective level of service to the public. The following highlights some of the County's major accomplishments, initiatives and . service-level efforts for fiscal year 2000-2001: • The County promptly responded to the statewide energy crisis with great success. A countywide . comprehensive energy reduction program was implemented that resulted in an estimated annual savings of S 1.600,000. This was achieved by applying no cost actions,changes in operational standards, low cost retrofits, traffic signal retrofits and major facility retrofits. • The County continued to enhance its services to children and families. The annual budget of Children and Family Services was redesigned to more closely link program reporting to the Children's Report Card community outcomes for children and families. This budget redesign allows a new level of financial, program and service-level analysis and focuses greater attention to outcome accountability. Additionally, the budget . now documents the benefit of the growing allocation of resources to remediation/recovery and prevention/early intervention services rather than costly crisis/safety net services. . • The growing number of homeless continued to be of concern to the County. This year several construction projects addressing this issue were completed: an emergency shelter for single adults in West County; a family . transitional center in East County; and an expansion of the Central County single adults and family shelter. • The Floodplain Management Program, which includes the County Departments of Public Works, Building . inspection and Community Development, received one of the best community ratings in the country from the Federal Emergency Management Agency (FEMA). This resulted in a 20.0 percent premium discount for flood insurance in the unincorporated areas of Contra Costa County, which is estimated to save citizens in unincorporated areas of the County$250,000. • The County is in the final stages of completing a 54.2 million telecommunications project that will serve as the foundation for a four-to-five year master planned "Public Safety Communications System and Infrastructure". The project will upgrade the County's microwave platform,which includes implementing new transmission and . receiving stations, towers and overall security modernization of microwave and back-up landline communications. r • Library service throughout the County continued to be enhanced. The Library began using its Internet home page as a public information tool to provide frequent updates on Library news and activities and to tie local events to Library collections and programs. Planning also began on the building and renovating of libraries throughout the County. • The County's Board of Supervisors "Zero Tolerance for Domestic Violence" policy was implemented through funding of improvements in law enforcement, investigation, prosecution and remediation. This policy was . implemented to better serve victims, children and elders and to hold batterers more accountable earlier in the progressive cycle of domestic and family violence. iii ■ • The Sheriffs Office Forensic Services Division entered into a grant-funded program as part of a statewide ■ initiative to examine evidence in unsolved sexual assault cases. The program is designed to help solve these cases, bring resolution to the victims and their families, and prevent future sexual assaults committed by serial offenders. The "COLD HIT" program screens the evidence in these cases and develops DNA profiles for search in California's DNA databank. The Division already identified one rapist through this program and linked a number of other cases to each other through DNA evidence. ■ • The Employment and Human Services Department continued, in partnership with the community, to provide services to support and protect adults, children, families and the elderly and to promote personal responsibility, independence and self-sufficiency. • The Children and Family Services (CFS) Bureau screened nearly 23,000 calls alleging child abuse and ■ neglect,and made 9,893 emergency responses. Over 1,000 families in the County were served through the Family Preservation Program. • The Aging and Adult Services Bureaus received and responded to 1,590 allegations of elder abuse. It has developed plans for a new Adult Protective Service unit that will focus on early intervention. . • As of June 2001, 24.0 percent of CaIWORKs families had earnings and the overall caseload dropped 16.0 percent from the previous year. The work participation rate increased from 5.3 percent in June . 1999 to 31.8 percent in March 2001. Outreach efforts enabled 1,300 individuals, who were in danger of being sanctioned and losing benefits, to be contacted. Over 1,000 of these individuals re-entered the . program. • The County continued its commitment to support increased access to health care by providing new and . expanded health care services. • A new hospital scheduling system combines and integrates services in all ambulatory clinics. ■ • A new clinical and public health laboratory opened with capacity for more complicated analyses. • Contra Costa County has become a leader in the statewide movement toward adoption of the Recovery • Vision as a guiding principle for mental health service delivery systems. This mental health model is ■ based on the concept of recovery from severe mental disorders. • All ambulatory health centers were connected to the countywide Immunization Registry, resulting in . significant improvements in immunization compliance rates. • In collaboration with Probation, Courts and the District Attorney's Office, Community Substance . Abuse Services (CSAS) became the lead agency in the County for Proposition 36 (Substance Abuse and Crime Prevention Act of 2000). CSAS created a system of treatment to serve probation and parole referrals that was implemented in July 2001. iv ■ FINANCIAL INFORMATION County management is responsible for establishing and maintaining internal controls designed to ensure that the assets of the . County are protected from loss, theft or misuse, and that accounting data are compiled to allow for the preparation of financial statements in conformity with accounting principles generally accepted in the United States of America. Internal ■ controls are designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1)the cost of a control should not exceed the benefits likely to be derived;and(2)the evaluation of costs and benefits requires estimates and judgments by management. Budgetary Controls . The objective of the County's budgetary controls is to ensure compliance with legal provisions embodied in the annual budget approved by the Board of Supervisors. Budgetary control is maintained at the object level for all annually budgeted . funds; however, the legal level of control is at the department level. Using the County's automated accounting system, the Auditor-Controller restricts each department's expenditures to the amounts appropriated by the Board of Supervisors for the year. Increases in budget appropriations must be approved by the Board of Supervisors as a transfer from the Reserve for Contingencies, as a transfer from another appropriation, or as an appropriation of new or unanticipated revenue. No department is permitted to spend more than its available appropriations. Any appropriations remaining in the departments at . the end of the fiscal year automatically lapse and are transferred to fund balance. The year-end fund balance, along with projected revenues, becomes available for appropriation the following year. An encumbrance accounting system is used to facilitate effective budgetary control. An encumbrance reserves a portion of an appropriation at the time a commitment is . made to acquire goods or services. Open encumbrances are reported as reservations of fund balances at June 30, 2001, and are re-appropriated as part of the following year's budget. ■ ■ ■ v ■ General Governmental Functions . The general governmental functions are contained in the General,Special Revenue,Debt Service and Capital Projects Funds. . Included in these Funds are the special districts governed by the Board of Supervisors and the County's blended component units. Revenues for County governmental functions (primary government) totaled 51,090 million in fiscal year 2000-2001, an ■ increase of 10.3 percent from fiscal year 1999-2000. The amount of revenues from various sources and the changes compared to the prior year are shown in the following tabulation(in thousands): Percent Increase . of (Decrease) Percent Revenue Source Amount Total From 1999-2000 Change Taxes S 296,644 27.2 % S 25,497 9.4 % . Licenses,permits,and franchise fees 25,749 2.3 5354 26.3 Fines,forfeitures,and penalties 18,296 1.7 (704) (3.7) ■ Use of money and property 43,632 4.0 9,133 26.5 Intergovernmental 490,842 45.0 50,429 11.5 ■ Charges for services 188,545 17.3 19,305 11.4 Other revenue 27,166 2.5 (7,184) (20.9) . Total $ 1,090,874 100.0 % S 101,830 10.3 Tax revenue increased 9.4 percent compared to the prior year due to an increase in assessed valuations and sales tax revenues. ■ Licenses,permits and franchise fees increased 26.3 percent compared to the prior year. Due to the sale of facilities by Pacific . Gas and Electric Company(PG&E)during the fiscal year 1999-2000, only a partial year's worth of gas surcharge payments were received that year. Consequently,there was a large increase in the gas surcharge payments received from PG&E during the full twelve months of fiscal year 2000-2001. Also, PG&E erroneously made payments to the City of Pittsburg during 1999 and 2000. The City of Pittsburg made a correcting payment to the County during fiscal year 2000-2001. Fines, forfeitures and penalties decreased by 3.7 percent compared to the prior year. This was due primarily to decreases in ■ vehicle code fines and consumer fraud damages. Use of money and property increased by 26.5 percent compared to the prior year. This was due to an increase of the cash balance available for investment,and a higher rate of interest paid on those investments. Intergovernmental revenue increased by 11.5 percent compared to the prior year. This is due to overall increases in grants • received by the State and Federal governments. The State portion includes increased grants in the areas of Medi-Cal health care,the mental health Short-Doyle Program,family income maintenance,other social services,public safety services, traffic . congestion management and miscellaneous State aid. The Federal portion includes increased grants in the areas of child care, highway construction,and family support. Charges for services increased 11.4 percent compared to the prior year. This was primarily due to reimbursements for bond- funded projects, which included various acquisitions, building and improvement projects including 1034 Oak Grove Road . and 4549 Delta Fair Blvd. Also,there was an increase in Recorder filings. V1 . Other revenue decreased by 20.9 percent compared to the prior fiscal year. This decrease was mainly due to a reduction in the State of California's SB855 Disproportionate Share Hospital(DSH)program reimbursement from the County Hospital to . the General Fund. This reimbursement is based on the number of inpatient days of both Medi-Cal and uncompensated care. Also,fiscal year 1999-2000 included proceeds from the sale of Animal Services property. ■ Expenditures for County governmental purposes (primary government) totaled 51,036 million in fiscal year 2000-2001, an increase of 7.2 percent compared to fiscal year 1999-2000. Changes in levels of expenditures for major functions of the County compared to the prior year are shown in the following tabulation(in thousands): ■ Percent increase . of (Decrease) Percent Function Amount Total From 1999-2000 Change General goverment $ 106,380 10.3 % S 4,608 4.5 % . Public protection 325,821 31.4 18,561 6.0 Health and sanitation 161,220 15.6 (2,922) (1.8) Public assistance 294,317 28.4 39,060 15.3 Education 14589 1.4 373 2.6 Public ways and facilities 54,611 5.3 4,103 8.1 Recreation and culture 426 (193) (31.2) . Debt service 63,828 6.2 3,193 5.3 Capital outlay 14,830 1.4 2,680 22.1 . Total S 1,036,022 100.0 % S 69,463 7.2 ■ General government expenditures increased 4.5 percent compared to the prior fiscal year due to increases in utility costs, labor costs, rents, administrative services, traffic signal maintenance and debt service expenses. Also, the Assessor had an increase in data processing services and an increase in office furniture and equipment purchases. Public protection expenditures increased 6.0 percent compared to the prior fiscal year. Salaries and benefits increased due to pay increases. In addition, the Contra Costa fire districts were able to expend for services and supplies that were deferred in prior fiscal years. Also,during fiscal year 2000-2001,there was a payment for a right of way grant deed for the drainage area between Oakley and Brentwood. • Health and sanitation expenditures decreased by 1.8 percent due to a decrease in the amount paid to the State of California for ■ the Disproportionate Share Hospital Program. Public assistance expenditures increased by 15.3 percent compared to the prior year. There was an allocation of Oakley's portion of the Redevelopment Agency being allocated 10 the City of Oakley in the current year. Also,there was an increase in children and family services, aging and adult services, and workforce services expenditures due to an increase in intergovernmental revenue. ■ Education expenditures increased by 2.6 percent compared to the prior fiscal year. Library salaries and benefits increased due to a cost of living increase for salaries and negotiated benefits,a slight increase in health benefits and an increase in positions . at one branch library. Public ways and facilities expenditures increased by 8.1 percent compared to the prior fiscal year due to the County obtaining ■ a right-of-way for State Route 4, from Railroad to Loveridge. vii Recreation and culture expenditures decreased by 31.2 percent compared to the prior fiscal year. This was due to the . completion of the Alamo pool project in fiscal year 1999-2000. Debt service expenditures increased by 5.3 percent compared to the prior fiscal year. This can be attributed to increases in ■ principal paid on the pension obligation bonds as well as the costs of the PFA bond issuance and financing. Capital outlay expenditures increased by 22.1 percent compared to the prior fiscal year. This was primarily due to various ■ acquisitions,building and improvement projects including 1034 Oak Grove Road and 4549 Delta Fair Blvd. Enterprise Operations ■ As of June 30,2001,the County Hospital Enterprise Fund had retained earnings of$22,872,000 and the Health Maintenance . Organization Enterprise Fund had retained earnings of S4,286,000. These amounts were after General Fund contributions of S25,386,000 and $4,577,000, respectively. The Major Risk Medical Insurance Enterprise Fund had retained earnings of $93,000. The Airport Enterprise Fund had retained earnings of$1,793,000. This is a recovery from its historically negative ■ position brought about by higher operating revenues, a successful austerity program to lower costs and the recording of the transfer of ownership of hangars valued at $1,500,000 to the Fund at the end of a lease. In conformance with Federal Housing and Urban Development (HUD) guidelines, the Housing Authority began reporting its financial activity in an Enterprise Fund effective April 1,2000. The Housing Authority Enterprise Fund had retained earnings of$26,365,000 as of March 31,2001. Pension Trust Fund Operations ■ The beginning balance of the Employees' Retirement Association's net assets held in trust at January 1, 2000, was restated and reduced by $21,035,000 as a result of the Paulson lawsuit settlement to $2,966,054,000. The balance at December 31, 2000,was $2,931,262,000 a decrease of$34,792,000. There was a net depreciation in the fair value of pension investments of 551,506,000 during the year 2000. Debt Administration The County finances its cash requirements prior to collection of taxes by short-term borrowing. The fiscal year 2000-2001 ■ Tax and Revenue Anticipation Notes of$55 million received ratings of MIG1 from Moody's investors Service and SP1+ from Standard and Poor's Corporation. These are the highest ratings for this type of borrowing. The County has capital lease obligations under lease purchase agreements for various County buildings and other property. Past agreements have been made principally with the Contra Costa County Public Facilities Corporation, a non-profit public ■ benefit corporation which assists the County in financing public buildings and facilities. Beginning in fiscal year 1997-1998, most new agreements have been and will be made with the County of Contra Costa Public Financing Authority, a joint . powers authority consisting of the County and the Redevelopment Agency. Cash Management Cash temporarily idle during the year was invested in accordance with California Government Code Sections 53600(et seq.) which allow investment maximums of 40.0 percent in bankers' acceptances,30.0 percent in negotiable certificates of deposit, ■ and up to 30.0 percent in commercial paper. There is no limit on investments in collateralized certificates of deposit and U.S. Government issues. The County Treasurer continues to have a more restrictive investment policy than required by law. The ■ Treasurer's investment policy was approved by the Board of Supervisors. in accordance with Sections 27130-27137 of the Government Code, an investment oversight committee has reviewed the quarterly investment reports prepared by the Treasurer. The average yield on investments for the fiscal year ended June 30,2001,was 4.5 percent. . viii ■ ■ Risk Management The County is self-insured for workers' compensation, general and automobile liability, medical malpractice, dental, ■ management long-term disability and unemployment insurance. The. County maintains excess insurance policies to cover workers'compensation claims from $750,000 to $10 million,and general and automobile liability claims from $1 million to ■ $30 million ($100 million per occurrence for airport catastrophic public liability losses). The County also maintains excess insurance policies to cover medical malpractice claims from$500,000 to$1 1.5 million. In addition,the County maintains up to $550 million "All Risk" coverage (including flood insurance) with a $50,000 deductible and $280 million earthquake ■ insurance coverage with commercial insurance carriers on all locations. The County's Risk Management office administers claims for the various programs, provides loss prevention services and minimizes risks through various risk control strategies. OTHER INFORMATION Independent Audit . For over 60 years the policy of the County has been to require an annual audit of the financial statements of the County by independent certified public. accountants. The Board of Supervisors selected the firm of Macias, Gini & Company LLP to perforin the fiscal year 2000-2001 audit. ■ Awards . The Government Finance Officers Association of the United States or America and Canada(GFOA)awarded a Certificate of Achievement for Excellence in Financial Reporting to Contra Costa County for its fiscal year 1999-2000 Comprehensive ■ Annual Financial Report. This was the nineteenth consecutive fiscal year the County has received this award. In order to be awarded a Certilicate of Achievement, the County must publish an easily readable and efficiently organized . comprehensive annual financial report whose contents conform to program standards. Such a report must satisfy both accounting principles generally accepted in the United States of America and applicable legal requirements. ■ A Certificate of Achievement is valid only for a period of one year. We believe our current report continues to conform to Certificate of Achievement requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate. • Web Site The County maintains an Internet web site with an increasing amount of information useful to its citizens at http://'www.co.contra-costa.ca.us. This document is also available there. ■ ■ ■ ■ ix ■ Acknowledgments . The preparation of this report on a timely basis could not be accomplished without the efficient and dedicated services of the ■ entire staff of the Office of the Auditor-Controller. I would like to express my appreciation to all members of the Office who assisted and contributed to its preparation. I would also like to thank the members of the Board of Supervisors and the County Administrator for their interest and support in planning and conducting the financial operations of the County in a . responsible and progressive manner. Respectfully submitted, ■ �J ■ ■ Kenneth I Corcoran . Auditor-Controller ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ x ■ • COUNTY OF CONTRA COSTA . PUBLIC OFFICIALS June 30,2001 ELECTED OFFICIALS Supervisor, District 1 John Gioia ■ Supervisor, District 2 Gayle B. Uilkema Supervisor, District 3 Donna Gerber Supervisor, District 4 Mark De Saulnier ■ Supervisor, District 5 Federal Glover Assessor Gus Kramer Auditor-Controller Kenneth J. Corcoran . Clerk-Recorder Stephen L. Weir District Attorney-Public Administrator Gary T. Yancey Sheriff-Coroner Warren E. Rupf Treasurer-Tax Collector William J. Pollacek APPOINTED OFFICIALS . County Administrator John Sweeten County Counsel Silvano Marchesi . County Librarian Anne Cain County Probation Officer Steve Bautista Director of Animal Services Michael G. Ross Director of Building Inspection Carlos Baltodano Director of Child Support Services Linda M. Dippel Director of Community Development Dennis Barry Director of Community Services Tony Colon Director of Cooperative Extension Shelley Murdock Director of General Services Barton J. Gilbert Director of Health Services William Walker MD Director of Human Resources Leslie T. Knight Director of Information Technology Steven Steinbrecher Director of Public Works Maurice Shiu . Director of Employment and Human Services John Cullen Agricultural Commissioner-Director of Weights and Measures Edward P. Meyer Public Defender David Coleman III Veterans'Services Officer Gary D. Villalba Chief, Bethel Island Fire Protection District David Wahl Chief,Contra Costa Fire Protection District Keith Richter Chief,Crockett-Carquinez Fire Protection District Jerry Littleton,Jr. Chief, East Diablo Fire Protection District Paul Hein Chief,Oakley Fire Protection District Bob Pastor . AFFILIATED ORGANIZATIONS Administrator,Contra Costa County Employees' Retirement Association Patricia Wiegert Executive Director, Housing Authority of the County of Contra Costa Robert McEwan President,Contra Costa County Public Facilities Corporation John E. Whalen Executive Director,Contra Costa Children and Families Commission Brenda Blasingame . Executive Director,County of Contra Costa Public Financing Authority John Sweeten Executive Director,Contra Costa County Redevelopment Agency John Sweeten Executive Director, In-Home Supportive Services Public Authority Eldon Luce i xi f f w v F W > C a J < ;,, v ;,� � � � 5 C z x O B J •, G � LZrd• a V 7 % L a F � � �: S � � a C Ln 44 U U T A. cQ o W 5 w d i .C+. LD,tlU. r`✓s Y U � C aa � F z a V] A Z > +� d < W. >. U Z v < U c a q 4 �+% �c7 u to �° -3 . fi d W GO 'c l W ! r S s G C6 a v .cC. v ;- Gr �: OC 7 m a .0 :n > U �• � .— tz ° C u m ac U U U OC �' � � ` Y z 5 v cc o u o o cz < c O Orc< UUU - a° CCN � w y tl U U +. La3 = tl z < O U O V U z f . 0. .7 < Ls7 6Li < 9 'Y. �.. LTA U v G Y Y X11 ■ ■ Certificate of ■ Achievement for Excellence - in Financial ■ Reporting ■ Presented to ■ County of Contra Costa, ■ California ■ For its Comprehensive Annual Financial Report for the Fiscal Year Ended ■ June 30, 2000 A Certificate of Achievement for Excellence in Financial ■ Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement ■ systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting ■ and financial reporting. ■ �t FNMD �J u?1 AND gCAMDA cowwNAnDN MI 4Prdent s >� EAL CHOP Executive Director ■ ■ ■ ■ xiii ■ ■ r ■ ■ r ■ dOk'o lip ♦ _ I ..�_�R_-ire.. 013 ■ ■ ■ ■ ■ ■ ■ � FINANCIAL ■ SECTION ■ ■ ■ ■ ■ e ■ s ■ ■ ■ Partners Mt.Diablo Plaza .. Kenneth A.Macias,Managing Partner 2175 N.California Boulevard Ernest J.Gini Suite 620 . Kevin J.O'Connell Walnut Creek,CA 94596-3565 Macias,Gini&Company u P Richard A.Green Certified Public Acouuntanto and 925.274.0190 Mensgement Ccneultente Jan A.Rosati 925.274.3819 FAx James V.Godsey www.maciasgini.com The Honorable Board of Supervisors . . County of Contra Costa Martinez,California . INDEPENDENT AUDITOR'S REPORT . We have audited the accompanying general-purpose financial statements of the County of Contra Costa, California (the County), as of and for the year ended June 30, 2001, as listed in the table of contents. These general-purpose financial statements are the responsibility of the County's management. Our responsibility is to express an opinion on these . general-purpose financial statements based on our audit. We did not audit the financial statements of the County of Contra Costa Housing Authority (the Authority), a blended component unit of the County, and the Contra Costa Children and Families Commission(the Commission), a discretely presented component unit of the County. The statements of the . Authority and the Commission reflect total assets of$30,891,000 and$28,247,000 and total revenues of$56,149,000 and $12,892,000, respectively, for the year then ended. Those statements were audited by other auditors whose reports have been furnished to us, and our opinion insofar as it relates to the amounts included for the Authority and the Commission, is based solely on the reports of the other auditors. ■ 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 general-purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general-purpose financial statements: An audit also includes assessing the accounting principles used and signAcant estimates made by management, as well as evaluating . the overall general-purpose financial statement presentation. We believe that our audit and the reports of the other auditors provide a reasonable basis for our opinion. In our opinion, based on our audit and the reports of the other auditors, the general-purpose financial statements referred to above present fairly, in all material respects, the financial position of the County as of June 30, 2001, and the results of ■ its operations and cash flows of its proprietary fund types for the year then ended in conformity with accounting principles generally accepted in the United States of America. As discussed in Note 1.0. to the general-purpose financial statements, effective July 1, 2000, the County changed its method of accounting for nonexchange transactions to comply with the provisions of Governmental Accounting Standards Board (GASB) Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions, and GASB Statement No. 36, Recipient Reporting for Certain Shared Nonexchange Revenues -.an amendment of GASB Statement No. 33. During the year, the County changed its method of accounting and financial reporting for the Authority. These changes are disclosed at Note I.Q. and Note 10. In accordance with Government Auditing Standards, we have also issued our report dated December 5, 2001 on our . consideration of the County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our . audit. . OFFICE LOCATIONS Sacramento • Los Angeles • Fresno •San Francisco Bay Area 1 ■ Our audit was made for the purpose of forming an opinion on the general-purpose financial statements taken as a whole. The combining and individual fund and account group.financial.statements and schedules listed in the table of contents as . supplemental information are presented for purposes of additional analysis and are not a required part of the general- purpose financial statements of the County. Such information has been subjected to the auditing procedures applied in the audit of the general-purpose financial statements and, in our opinion, is fairly presented in all material respects in relation . to the general-purpose financial statements taken as a whole. The statistical section listed in the table of contents is presented for purposes of additional analysis and is not a required ■ part of the general-purpose financial statements of the County. Such additional information has not been subjected to the auditing procedures applied in the audit of the general-purpose financial statements and,.accordingly, we express no opinion on it. ■ C_ 1 \ . Certified Public Accountants . Walnut Creek,California December 5,2001 ■ 2 . r r ■ r r * 1 1 C;, 'r r ■ r r r r r r COUNTY OF CONTRA COSTA ■ COMBINED BALANCE SHEET-ALL FUND TYPES,ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT ■ JUNE 30,2001 (In Thousands) Goverrunental Fund Types , Special Debt Capital General Revenue Service Projects Assets and Other Debits: Cash and investments $ 99,172 156,461 66,196 48,136 Accounts receivable and accrued revenue 101,888 12,404 370 57 Inventories 1,927 Due from other funds 86,587 7,014 2,483 475 Tares receivable Advances to other funds 138 10,980 Notes receivable 21,978 1,827 Prepaid items and deposits 1,612 350 Land held for resale 189 Fixed assets,net Amount available in debt service funds Amount to be provided for retirement of long-term obligations Total Assets and Other Debits $ 313,302 189,225 69,049 48,668 See accompanying notes to general-purpose financial statements. 4 . Fiduciary Primary Component Reporting Proprietary Fund Types Fund Type Account Groups Government Unit Entity General General Totals Contra Costa Totals Internal Trust& Fixed Long-Tetra (Memorandum Children&Families (Memorandum Enterprise Service Agency Assets Obligations Only) Commission Only) . 93,215 83,308 4,026,174 4,572,662 28,228 4,600,890 33,081 1,286 65,930 215,016 14 215,030 1,080 3,007 3,007 22,151 137 63.116 181,963 181,963 117,045 117,045 117,045 11,118 11,118 1,826 25,631 25,631 4,135 516 6,613 5 6,618 189 189 185,993 129 586,239 772,361 772,361 28,583 28,583 28,583 . 563,103 563,103 563,103 341,481 84,731 4,272,910 586,239 591,686 6,497,291 28,247 6,525,538 (continued) ■ . 5 COUNTY OF CONTRA COSTA COMBINED BALANCE SHEET-ALL FUND TYPES,ACCOUNT GROUPS AND DISCRETELY PRESENTED COMPONENT UNIT ■ JUNE 30,2001 (In Thousands) Governmental Fund Types • Special Debt Capital . General Revenue Service Projects Liabilities,Equity and Other Credits: . Liabilities: Warrants outstanding $ Short term notes 55,000 . Accounts payable and accrued liabilities 35,000 10,445 1,427 255 Employee benefits payable Due to other funds 13,868 14,392 1,918 233 . Welfare program advances 28,414 Capital lease obligations Unapportioned taxes . Tax loss guarantees Due to other agencies Certificates of participation,net . Advances from other funds 3,890 87 800 Deferred revenue and credits 36,413 16,478 Pension bonds payable . Other bonds and notes payable Special assessment debt with government commitment . Total Liabilities 168,695 45,205 3,432 1,288 Equity and Other Credits: Contributed capital . Investment in general fixed assets Retained earnings: Reserved for debt service . Unreserved Fund balances: Reserved ■ Encumbrances 43,550 3,345 131 Inventories 1,927 Advances to other funds 138 10,980 . Prepaid items and deposits 1,289 350 Land held for resale 189 Debt service 28,583 Employees pension benefits Participation in individually directed investment accounts Children's programs Unreserved Designated for future projects 8,128 3,322 37,034 37,297 Designated for equipment replacement 10,477 4,305 Undesignated 79,098 121,529 9,952 Total Equity,and Other Credits 144,607 144,020 65,617 47,380 Total Liabilities,Equity and Other Credits S 313,302 189,225 69,049 48,668 See accompanying notes to general-purpose financial statements. . 6 ■ . Fiduciary Primary Component Reporting Proprietary Fund Types Fund Type Accowit Groups Goverrunent Unit Entity General General Totals Contra Costa Totals ■ Internal Trust& Fixed Long-Terre (Memorandum Children&Families (Memorandum Enterprise Service Agency Assets Obligations Only) Commission Only) 99,381 99.381 99,381 . 55,000 55,000 34,616 80.021 150,197 311,961 106 312,067 6,522 150 31,160 37,832 37,832 . 40,027 2,213 109,887 182,538 182,538 28,414 28,414 2,716 8,988 11,704 11.704 ■ 76,211 76,211 76,211 24,248 24,248 24,248 116,597 116,597 298 116,895 . 120,893 61,465 182,358 182,358 6,341 11,118 11,118 23,094 75,985 75,985 ■ 297,340 297,340 297,340 32,936 166,116 199,052 199,052 20,276 20,276 20,276 . 260,804 82,234 576,671 591,686 1,730,015 404 1,730,419 . 25.268 25,268 25,268 586,239 586,239 586,239 . 10,535 10,535 10,535 44,874 2,497 47,371 47,371 i47,026 47,026 1,927 1,927 ■ 11,618 11,118 1,639 1,639 189 189 . 830 29,413 29,413 2,931,262 2,931,262 2,931,262 758,015 758,015 758,015 10,400 10,400 6,132 91,913 91,913 . 14,782 14,782 210,579 17,443 228,022 80,677 2,497 3,696,239 586,239 4,767,276 27,843 4,795,119 341,481 84.731 4,272,910 586,239 591,686 6,497,291 28,247 62525,538 (concluded) COUNTY OF CONTRA COSTA ■ COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-ALL GOVERNMENTAL FUND TYPES,EXPENDABLE TRUST FUND . AND DISCRETELY PRESENTED COMPONENT UNIT YEAR ENDED JUNE 30,2001 (In Thousands) Fiduciary . Governmental Fund Types Fund Type Special Debt Capital Expendable General Revenue Service Projects Trust Revenues: Taxes $ 184,513 102,272 7,026 2,833 ■ Licenses,permits and franchise fees 14,823 10,926 Fines,forfeitures and penalties 14,364 3,932 Use of money and property 19,029 7,342 14,641 2,620 398 . Intergovernmental 452,351 38,128 9 354 9,197 Charges for services 160,130 27,096 1,319 Other revenue 18,078 8,602 237 249 533 . Total Revenues 863,288 198,298 23,232 6,056 10,128 Expenditures: Current: . General government 106,250 130 Public protection 225,008 100,813 Health and sanitation 153,961 7,259 . Public assistance 273,403 10,430 641 9,843 2,799 Education 151 14,438 Public ways and facilities 24,092 30,519 . Recreation and culture 426 Debt service: Principal 752 24,350 164 125 Bond issuance cost 1,643 Refunding bond issuance cost 1,881 Payment to refunded bond escrow agent 1,595 Interest 3,133 354 29,933 23 217 . Capital outlay 1,269 722 11,291 1,548 25 Total Expenditures 787,267 165,843 71,334 11,578 3,166 Excess(Deficiency)of Revenues Over . (Under)Expenditures 76,021 32,455 (48,102) (5,522) 6,962 Other Financing Sources(Uses): . Operating transfers in 23,485 1,257 43,147 56 Operating transfers out (68,889) (5,239) (1,595) (465) Proceeds of refunding bonds 113,389 . Proceeds from issuance of debt 18,897 6,000 Capital lease financing 1,269 Payment to refinid bonds (94,944) Payment to refunded bond escrow agent (16,231) . Total Other Financing Sources(Uses) (44,135) (3,982) 62,663 5,591 Excess(Deficiency)of Revenues and Other . Financing Sources Over(Under)Expenditures and Other Financing Uses 31,886 28,473 14,561 69 6,962 Fund Balances at Beginning of Year, . as Previously Reported 112,721 122,018 51,143 47,311 Adjustments to beginning fund balances (6,471) (87) Fund Balances at Beginning of Year, as Restated 112,721 115,547 51,056 47,311 Fund Balances at End of Year $ 144,607 144,020 65,617 47,380 6,962 See accompanying notes to general-purpose financial statements. ■ 8 . Primary Component Reporting Government Unit Entity Totals Contra Costa Totals . (Memorandum Children&Families (Memorandum (filly) Commission Only) . 296,644 10,342 306,986 25,749 25,749 18,296 18,296 44,030 662 44,692 500.039 80 500,119 188,545 188,545 . 27,699 1,808 29,507 1,101,002 12,892 1,1 13,894 • 106,380 106,380 325,821 325.821 . 161,220 161,220 297,116 2,532 299,648 14,589 14,589 . 54,611 54,611 426 426 25,391 25,391 . 1,643 1,643 1,881 1,881 1,595 1,595 . 33,660 33.660 14,855 14,855 1,039,188 2,532 1,04 l,720 61,814 10,360 72,174 . 67,945 67,945 (76,188) (76,188) . 113,389 113,389 24,897 24,897 1,269 1,269 (94,944) (94,944) (16,231) (16,231) 20,137 20,137 81,951 10,360 92,311 333,193 17,483 350,676 (6,558) (6.558) . 326,635 17,483 344,118 408,586 27,843 436,429 . 9 COUNTY OF CONTRA COSTA COMBINED STATEMENT OF REVENUES,EXPENDITURES AND CHANCES IN FUND BALANCES-BUDGET AND ACTUAL-GENERAL,SPECIAL REVENUE AND . CERTAIN DEBT SERVICE AND CAPITAL PROJECTS FUNDS YEAR ENDED JUNE.30,2001 (In Thousands) . General Fund Variance Favorable . Budget Actual (Unfavorable) Revenues: Taxes $ 174,129 184,513 10,384 ■ Licenses,permits and franchise fees 7,442 14,823 7,381 Fines,forfeitures and penalties 13,896 14,364 468 Use of money and property 14,446 19,029 4,583 . Intergovernmental 465,674 452,351 (13,323) Charges for services 174,141 160,130 (14,011) Other revenue 18,709 18,078 (631) ■ Total Revenues 868,437 863,288 (5,149) Expenditures: Current: . General government 181,438 106,250 75,188 Public protection 241,902 225,008 16,894 . Health and sanitation 161,500 153,961 7,539 Public assistance 286,859 273,403 13,456 Education 205 151 54 . Public ways and facilities 29,460 24,092 5,368 Recreation and culture 1 1 Debt service: Principal . Refunding bond issuance cost Interest 5,252 3,133 2,119 Capital outlay 1,269 1,269 . Total Expenditures 907,886 787,267 120,619 Excess(Deficiency)of Revenues Over . (Under)Expenditures (39,449) 76,021 115,470 Other Financing Sources(Uses): Operating transfers in 23,485 23,485 . Operating transfers out (68,889) (68,889) Proceeds of refunding bonds Capital lease financing 1,269 1,269 . Payment to refund bonds Payment to refunded bond escrow agent Total Other Financing Sources(Uses) (44,135) (44,135) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under)Expenditures and Other Financing Uses (83,584) 31,886 115,470 . Fund Balances at Beginning of Year, as Previously Reported 112.721 112,721 Adjustments to beginning fund balances . Fund Balances at Beginning of Year, as Restated 112,721 112,721 Fund Balances at End of Year $ 29,137 144,607 115,470 ■ See accompanying notes to general-purpose financial statements. 10 Special Revenue Funds Certain Debt Service Funds Certain Capital Projects Funds Variance Variance Variance Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) . 97,002 102,272 5,270 3,303 3,298 (5) 2,786 2,833 47 12,674 10,926 (1,748) 3,429 3,932 503 . 5,440 7,342 1,902 1,284 9,869 8,585 427 2,408 1,981 30,913 38,128 7,215 5 9 4 354 354 22,790 27,096 4,306 1,319 1,319 . 9,541 8,602 (939) 242249 7 181,789 198,298 16,509 4,592 14,495 9,903 3,455 5,844 2,389 3,221 130 3,091 139.945 100,813 39,132 8.532 7,259 1,273 21,644 10,430 11,214 2 641 (639) 2,460 9,843 (7,383) 15,994 14,438 1,556 . 55,562 30,519 25,043 2,488 426 2,062 752 752 16,395 16,395 165 164 1 1,615 (1,615) 355 354 1 21,005 20,926 79 24 23 1 4,290 722 3,568 20 9 11 34,172 1,519 32,653 252,783 165,843 86,940 37,422 39,586 (2,164) 36,821 11,549 2 5,2 72 . (70,994) 32,455 103,449 (32,830) (25,091) 7,739 (33,366) (5,705) 27,661 . 1,257 1,257 29,639 29589 (50) 56 56 (4,994) (5,239) (245) (465) (465) 106,814 106,814 . (94,944) (94,944) (10,255) (10,255) (3,737) (3,982) (245) 29,639 31,204 1,565 (409) (409) (74,731) 28,473 103,204 (3,191) 6,113 9.304 (33,366) (6,114) 27,252- 115,116 7,252115,116 122,018 6,902 8,501 8,501 43,720 43,720 . (6,471) (6,471) (87) (87) 115,116 115,547 431 8,501 8,414 (87) 43,720 43,720 . 40,385 144,020 103,635 5,310 14,527 9,217 10,354 37,606 27,252 11 COUNTY OF CONTRA COSTA COMBINED STATEMENT OF REVENUES,EXPENSES AND CHANGES IN RETAINED EARNINGS-ALL PROPRIETARY FUND TYPES . YEAR ENDED JUNE 30,2001 (In Thousands) Proprietary Fund Types Totals Internal (Memorandum Enterprise Service Only) Operating Revenues: Rental revenue $ 3,432 3,432 . Intergovernmental 69,918 34 69,952 Charges for services 289,916 25,477 315,393 Other revenue 2,439 2,439 . Total Operating Revenues 365,705 25,511 391,216 Operating Expenses: . Salaries and employee benefits 133,002 790 133,792 Services and supplies 161,602 10,737 172,339 Other charges 10,906 10,906 . Benefit and claim expense 22,969 22,969 Housing assistance 41,206 41,206 Depreciation 11,711 11,711 Total Operating Expenses 358,427 34,496 392,923 Operating Income(Loss) 7,278 (8,985) (1,707) . Nonoperating Revenues(Expenses): Interest income 252 4,545 4,797 Interest expense (7,676) (7,676) Loss on disposal of fixed assets (135) (135) Total Nonoperating Revenues(Expenses) (7,559) 4,545 (3,014) , Income(Loss)Before Capital Contributions and Operating Transfers (281) (4,440) (4,721) . Capital contributions 1,574 1,574 Operating transfers in 29,963 7,223 37,186 Operating transfers out (28,687) (256) (28,943) ■ Net Income 2,569 2,527 5,096 Add depreciation on contributed capital 1,320 1,320 . Increase in Retained Earnings 3,889 2,527 6,416 Retained Earnings at Beginning of Year, as Previously Reported 25,809 1,032 26,841 Adjustments to beginning retained earnings 25,711 (1,062) 24,649 Retained Earnings at Beginning of Year, as Restated 51,520 (30) 51,490 Retained Earnings at End of Year $ 55,409 2,497 57,906 ■ See accompanying notes to general-purpose financial statements. 12 COUNTY OF CONTRA COSTA COMBINED STATEMENT OF CHANGES IN NET ASSETS- . PENSION AND INVESTMENT TRUST FUNDS YEAR ENDED JUNE 30,2001 (In Thousands) . Totals Pension Investment (Memoranda n . Trust Fund Trust Fund Only) Additions: Employer contributions S 52,987 52,987 . Employee contributions 15,463 15,463 Contributions to pooled investments 2,331,028 2,331,028 Investment income 39,363 45,087 84,450 Less: Investment expense (8,954) (8,954) Total Additions 98,859 2,376,115 2,474,974 . Deductions: Benefits paid 125,558 125,558 Refunds of contributions 1,060 1,060 Distribution from pooled investments 2,421,985 2,421,985 Administrative and other expenses 3,129 3,129 Prepayment discount 3,458 3,458 ■ Other 446 446 Total Deductions 133,651 2,421,985 2,555,636 Net Decrease (34,792) (45,870) (80,662) Net Assets Held In Trust at Beginning of Year, as Previously Reported 2,987,089 701,435 3,688,524 Adjustments to beginning net assets held in trust (21,035) (21,035) Net Assets Held In Trust at Beginning of Year, as Restated 2,966,054 701,435 3,667,489 Net Assets Held In Trust at End of Year $ 2,931,262 655,565 3,586,827 . *Pension Trust Fund reported for Year Ended December 31,2000. See accompanying notes to general-purpose financial statements. ■ ■ 13 COUNTY OF CONTRA COSTA ■ COMBINED STATEMENT OF CASH FLOWS- ALL PROPRIETARY FUND TYPES ■ YEAR ENDED JUNE 30,2001 (In Thousands) Proprietary Fund Types Totals Internal (Memorandum Enterprise Service Only) ■ Operating Income(Loss) $ 7,278 (8,985) (1,707) Adjustments to Reconcile Operating Income(Loss) . to Net Cash Provided by(Used for)Operating Activities: Depreciation 11,711 11,711 Changes in assets and liabilities: Decrease(increase)in accounts receivable and accrued revenue (53) 389 336 Decrease(increase)in inventories (78) (78) Decrease(increase)in amounts due from other funds 14,325 3,755 18,080 ■ Decrease(increase)in prepaid items and deposits 25 25 Decrease(increase)in notes receivable 473 473 Increase(decrease)in accounts payable and accrued liabilities (6,742) (1,380) (8,122) ■ Increase(decrease)in employee benefits payable 376 376 Increase(decrease)in amounts due to other funds 4,827 476 5,303 Increase(decrease)in deferred revenue and credits 1,291 (1,291) Net Cash Provided by(Used for)Operating Activities 30,851 (5,745) 25,106 . Cash Flows from Noncapital Financing Activities: Operating transfers in 29,963 7,223 37,186 ■ Operating transfers out (28,687) (256) (28,943) Net Cash Provided by Noncapital Financing Activities 1,276 6,967 8,243 . Cash Flows from Capital and Related Financing Activities: Proceeds from bonds 24,205 24,205 Interest paid (7,676) (7,676) . Lease purchase obligation principal payment (453) (453) Principal payments on bonds and certificates (3,255) (3,255) Principal payments on notes (55) (55) . Capital contributions 74 74 Acquisitions of fixed assets (20,735) (20,735) Payment on other non-current obligations (145) (145) Net Cash Used for Capital and Related Financing Activities (8,040) (8,040) Cash Flows from Investing Activities: ■ Interest income 252 4,545 4,797 Net Cash Provided by Investing Activities 252 4,545 4,797 Net Increase(Decrease)in Cash and Cash Equivalents 24,339 5,767 30,106 Cash and Cash Equivalents at Beginning of Year 68,876 77,541 146,417 Cash and Cash Equivalents at End of Year $ 93,215 83,308 176,523 . Noncash Investing,Capital and Financing Activities: Contribution of fixed assets S 1,500 1,500 See accompanying notes to general-purpose financial statements. ■ ■ 14 COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ . 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the County of Contra Costa (the "County") conform to accounting principles generally . accepted in the United States of America as applicable to governmental entities. The following is a summary of the more significant policies: . A. Definition of Reporting Entity The County is a political subdivision created by the State of California. As such, it can exercise the powers . specified by the Constitution and statutes of the State. The County is governed by a five member elected Board of Supervisors. These financial statements present all the fund types and account groups of the County and its component units. Component units are legally separate entities that are controlled by the County Board of Supervisors, are in a relationship of financial benefit or burden with the County, or would cause the County's Financial statements to be misleading if the data from the entity was not included. Blended component units are . component units whose governing board is substantially the same as the County Board of Supervisors or that serve the County government exclusively, or almost exclusively. Component units that do not meet this . standard are discretely presented in a separate column in the combined financial statements. Blended Component Units . The Housing Authority of the County of Contra Costa(the"Authority")was established to provide housing for the County's low and moderate income residents. Its board members are the same as the County Board of' Supervisors. The financial activities of the Authority are now being reported in the enterprise funds, unlike in previous years when they were being reported in Special Revenue, Debt Service and agency funds and the General Fixed Assets and General Long-Term Obligations Account Groups. The fiscal year of the Authority ends on March 31 st and its financial activities are reported as of that date. ■ The Contra Costa County Redevelopment Agency (RDA) was established for the purpose of redeveloping certain areas of the County designated as project areas. Its board members are the same as the County Board of Supervisors. The financial activities of the RDA are reported in the Redevelopment Agency Special Revenue, . Debt Service, Capital Projects and Expendable Trust Funds and the General Long-Term Obligations Account Group. ■ The Contra Costa County Public Facilities Corporation (PFC) was established to provide financing for the acquisition, construction, improvement and remodeling of public buildings and facilities for the County. The County appoints a voting majority of the governing board and is able to impose its will on the PFC. The activities of the PFC are reported in a Debt Service Fund, the County Hospital Enterprise Fund and the General Long-Term Obligations Account Group. ■ . 15 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 The County of Contra Costa Public Financing Authority (PFA) is a joint powers authority consisting of the County and the RDA. The PFA was established to provide for the financing of public improvements, . obligations,working capital and liability or other insurance programs of the County and the PFA. The members of the County Board of Supervisors also serve as the Directors of the PFA. The activities of the PFA are reported in a Debt Service Fund, the County Hospital Enterprise Fund and the General Long-Term Obligations . Account Group. The Contra Costa County Employees' Retirement Association (CCCERA) was established to provide . retirement benefits to employees of the County and other member agencies. The CCCERA provides services which almost exclusively benefit the County and it is reported as a Pension Trust Fund in the general-purpose ■ financial statements. The fiscal year of the CCCERA ends on December 31 st and its financial activities are reported as of that date. The Contra Costa County Board of Supervisors, pursuant to Welfare and Institutions Code Section 12301.6, established the In-Home Supportive Services Public Authority. The Authority provides screening, training and . referral of in-home supportive service providers and assists recipients in finding qualified persons to assist eligible individuals who are unable to care for themselves at home. The County has 40 agencies referred to as County Special Districts and Service Areas. Each is established by i the County for the purpose of providing specific services in a defined geographic area. Their board members are the same as the County Board of Supervisors. These agencies are reported in Special Revenue Funds. ■ These agencies and the Special Revenue Fund in which each is reported include: Fire Protection- Bethel Island Fire Protection District, Contra Costa Fire Protection District, Crockett-Carquinez Fire Protection District, East Diablo Fire Protection District, Oakley Fire Protection District; Flood Control - Flood Control District, Storm Drainage District, Storm Drain Maintenance District No. 4 and Storm Drain District No. Z-16; Health and Sanitation - Sanitation Districts Nos. 5 and 6; Service Areas - Service Areas D-2, EMS-1, L-100, LIB-2, LIB- . 10,LIB-12,LIB-13,M-1,M-8,M-16, M-17,M-20,M-23, M-25, M-26,M-27, M-28,M-29, M30, R-4, R-7, R- 9, R-10 and RD-4; Law Enforcement - Service Areas P-1, P-2, P-5 and P-6; Other Special Revenue - Contra ■ Costa County Water Agency. Discretely Presented Component Unit . The Contra Costa Children and Families Commission (the "Commission") was established to implement the provisions of Proposition 10, adopted by the voters in 1998. Proposition 10 added Division 108 (commencing with Section 130100)to the Health and Safety Code. It provides for a State tax on the sale of tobacco products and also provides that this revenue be spent for early childhood development programs by the Commission. The County Board of Supervisors appoints all nine members (and nine alternate members) of the Commission ■ and is able to impose its will on the Commission. Two members of the Board of Supervisors serve on the Commission. The Commission provides most of its services directly to the citizens of the County. The financial activity of the Commission is reported in separate columns on the Combined Balance Sheet-All Fund Types and Account Groups and the Combined Statement of Revenues, Expenditures and Changes in Fund Balances-All Governmental Fund Types. ■ ■ 16 ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ Complete audited financial statements for each of the individual component units are issued separately and may . be obtained at the unit's administrative offices as follows: Housing Authority of the County of Contra Costa 3133 Estudillo Street, Martinez,CA 94553 Contra Costa County Public Facilities Corporation . 1220 Morello Ave., Suite 100, Martinez,CA 94553 County of Contra Costa Public Financing Authority . 651 Pine Street,6th Floor, Martinez,CA 94553 Contra Costa County Redevelopment Agency . 651 Pine Street,5th Floor North Wing, Martinez,CA 94553 County Service Areas,County Auditor-Controller . 625 Court Street, Room 103, Martinez,CA 94553 ■ Contra Costa County Employees' Retirement Association 1355 Willow Way, Suite 221,Concord,CA 94520 . In-Home Supportive Services Public Authority 40 Douglas Drive, Martinez,CA 94553 Contra Costa Children and Families Commission 1340 Arnold Drive, Suite 125,Martinez,CA 94553 ■ B. Fund Accounting The County uses funds and.account groups to report its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. . A fund is an independent fiscal and accounting entity with a self-balancing set of accounts. An account group, on the other hand, is a financial reporting device designed to provide accountability for certain assets and ■ liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources. Funds are classified into three categories: governmental, proprietary and fiduciary. Each category, in turn, is divided into separate"fund types". Governmental funds are used to account for all or most of the County's general government activities, including the collection and disbursement of earmarked monies (special revenue funds), the acquisition or construction of general fixed assets (capital projects funds), and the servicing of general long-term obligations (debt service rfunds). The General Fund is used to account for all activities of the County not accounted for in one of the other fund types. ■ Proprietary funds are used to account for activities similar to those in the private sector,where the measurement focus is upon determination of net income and capital maintenance. Goods or services from such activities can be provided either to outside parties (enterprise funds) or to other departments or agencies primarily within the County(internal service funds). 17 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 Fiduciary funds are used to account for assets held by the County in a trustee capacity or as an agent for ■ individuals, private organizations, other governments, and/or other funds. These include the Pension and Investment Trust Funds, the Expendable Trust Fund and agency funds. The Pension and Investment Trust . Funds are accounted for in essentially the same manner as proprietary funds. The Expendable Trust Fund is accounted for in essentially the same manner as the governmental fund types, using the same measurement focus and basis of accounting. Expendable Trust Funds account for assets where both the principal and interest may be spent. Agency funds are custodial in nature(assets equal liabilities)and do not involve measurement of results of operations. C. Basis of Accounting The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All ■ governmental funds and the Expendable Trust Fund are accounted for using the flow of current financial ■ resources measurement focus. Generally, only current assets and current liabilities are included on the balance sheet. Fixed assets purchased with governmental funds are recorded in the General Fixed Assets Account Group. Liabilities, which are expected to be liquidated with expendable available resources, are considered . current liabilities and are recorded in the governmental funds, remaining amounts are reported in the General Long-Term Obligations Account Group. Operating statements of the governmental funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net . current assets. All proprietary funds and the Pension and Investment Trust Funds are accounted for using the flow of economic ■ resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet for proprietary funds, or statement of net assets for Pension and Investment Trust Funds. Fund equity (i.e., net total assets) in proprietary funds is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present ■ increases(e.g.,revenues)and decreases(e.g.,expenses)in net total assets. The modified accrual basis of accounting is used by all governmental funds,the Expendable Trust Fund,agency funds and the discretely presented component unit. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). "Measurable" means the amount of the transaction can be determined and "available" means collectible within . the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures, other than principal and interest on long-term obligations, are recorded when the related fund liability is incurred. Principal and interest on general long-term obligations are recorded as fund liabilities when due or when amounts have been accumulated in the debt service funds for payments to be made early in the following year. . The County considers property taxes administered under the alternate method of distribution as available (see Note 3). Unsecured property taxes, not administered under that method, are considered available if they are collected within 60 days after year-end. Other major revenues susceptible to accrual are tobacco taxes, franchise fees, intergovernmental revenue, . interest revenue and charges for services. Vehicle license fees and sales tax revenue reported to the State on behalf of the County for the period ending June 30th, are also recognized as revenues. Fines, fees and permits . are not susceptible to accrual as they generally are not measurable until received in cash. The accrual basis of accounting is utilized by proprietary funds and Pension and Investment Trust Funds. ■ Under this method,revenues are recorded when earned and expenses are recorded when liabilities are incurred. 18 ■ . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 . The County reports deferred revenue on its combined balance sheet. Deferred revenue arises when a potential revenue transaction does not meet the "available" criteria for recognition in the current period. Deferred . revenue also arises when resources are received by the County before it has a legal claim to them, as when grant monies are received in advance of' qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the County has a legal claim to the resources, the liability for the deferred revenue is removed from the combined balance sheet and revenue is recognized. D. Governmental Accounting Standards Board (GASB) Statement No. 20 The County has elected under Governmental Accounting Standards Board (GASB) Statement No. 20, . Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities that Use Proprietari, Fund .4ecounting, not to apply Financial Accounting Standards Board (FASB) statements and interpretations issued after November 30, 1989. As required under GASB Statement No. 20, the County will continue to apply all applicable GASB pronouncements, as well as statements and interpretations of FASB, the Accounting Principles Board(APB)Opinions and Accounting Research Bulletins(AR-B's)of the Committee on . Accounting Procedure issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements. . E. Cash and Investments Investment transactions are recorded on the trade date. Investments in non-participating interest-earning ■ investment contracts(certificates of deposit and guaranteed investment contracts)are stated at cost,and all other investments are stated at fair value. Fair value is defined as the amount that the County could reasonably expect . to receive for an investment in a current sale between a willing buyer and seller and is generally measured by quoted market prices. . Under GASB Statement No. 25, Financial Reporting,for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans, the Pension Trust Fund reports its investments at year-end at fair value and includes both realized and unrealized gains and losses on investments in its statement of changes in net assets. . The fair values of equity and fixed income securities are derived from quoted market prices. The fair values of private market investments are estimated from fair values provided by real estate investments funds, generally ■ using periodic independent appraisals,and alternative investment managers. All investment purchases and sales are recorded on the trade date. . The public school districts, cemetery districts, pest control districts, recreation and park districts and resource conservation districts within the County are required by legal provisions to maintain their cash and investments . with the County Treasurer. The County Treasurer maintains individually directed investment accounts for these districts. The cash and investments held for these districts are included in the Investment Trust Fund. F. Budgets and Budgetary Accounting In accordance with the provisions of Sections 29000-29144 of' the Government Code and other statutory . provisions, commonly known as the County Budget Act, the County prepares and legally adopts a budget each fiscal year after a series of public hearings. Budgets are adopted for the General, Special Revenue and certain required Debt Service and Capital Projects Funds on the modified accrual basis. . 19 COUNTY OF CONTRA COSTA . NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ The results of operations as presented in the budget-to-actual comparison statements arc in conformity with accounting principles generally accepted in the United States of America. A reconciliation between those funds . which are budgeted and those which are not follows(in thousands): Debt Service Capital Projects Excess(Deficiency)of revenues and other financing sources over expenditures and other financing uses(Budgeted Funds) $ 6,113 (6,114) Adjustment: Budgets not adopted for the: . Public Financing Authority 9,666 Public Facilities Corporation (843) Assessment Districts (375) 6,183 . Excess(Deficiency)of revenues and other . financing sources over expenditures and other financing uses(All Budgeted and Non-Budgeted Funds)- S 14,561 69 . Expenditures are controlled by management at the object level within departments for all adopted budgets-, . however, the legal level of control is at the department level. Any amendments of appropriations for a department, or transfers of appropriations between departments, are approved by the Board of Supervisors, as are supplemental appropriations normally financed by unanticipated revenues received during the year. . Approximately $83,519,000 in supplemental appropriations was added to the budgets for all governmental fund types during the fiscal year, of which S69,171,000 was for the General Fund. The Board has delegated . authority to the County Administrator to approve transfers of appropriations between object level classifications within a department. Budgeted amounts are reported as amended. Individual amendments were not material in relation to the original appropriations. All appropriations lapse at year-end. . G. Cash Flows For the purposes of the statement of cash flows, the County considers all highly liquid investments with an initial maturity of three months or less to be cash equivalents. H. Encumbrances • Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure . of monies are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the General, Special Revenue and Capital Projects Funds. Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities. 1. Inventories Inventories are valued at cost, which approximates market. Governmental fund inventories are maintained using the weighted average method. Proprietary fund inventories are maintained using the first-in, first-out method. The costs of governmental fund inventories and proprietary fund inventories are recorded as expenditures/expenses at the time individual items are consumed rather than when purchased. . 20 . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ J. Fixed Assets jFixed assets are valued at historical cost. Contributed fixed assets are recorded at fair market value at the time received. Certain assets, for which actual costs are not available, are valued on the basis of a professional . valuation which determined their approximate historical cost. Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General . Fixed Assets Account Group rather than in the governmental funds. Public domain ("infrastructure") general fixed assets consisting of certain improvements other than buildings such as roads, bridges, streets and sidewalks, curbs and gutters, drainage systems, and lighting systems are not capitalized as these assets are immovable and of value only to the County. No depreciation has been provided on general fixed assets. All proprietary fund and Pension Trust Fund fixed assets are depreciated using the straight-line method over the following estimated useful lives: buildings, 25-40 years; improvements, 10-20 years; and equipment, 3-20 years. Depreciation recognized on assets acquired or constructed (prior to the implementation of GASB ■ Statement Nos. 33 and 36) through resources externally restricted for capital acquisitions is closed to the appropriate contributed capital account and reported on the operating statement as an adjustment to retained earnings. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset ■ lives are not included in the General Fixed Assets Account Group or capitalized in the proprietary funds. The capitalization threshold for permanent structures is $5,000. The capitalization threshold for equipment is $3,000,except for County Hospital equipment for which the threshold is$500. • Interest is capitalized on constniction in progress in the proprietary funds in accordance with Statement of Financial Accounting Standards No. 62, Capitalization of Interest Cost in Situations Involving Certain Tax Exempt Borrowings and Certain Gi�is and Grants. Accordingly, interest capitalized is the total interest cost from the date of the borrowing net of any allowable interest carried on temporary investments of the proceeds of those borrowings until the specified asset is ready for its intended use. K. Vacation and Sick Leave Under terms of union contracts, County employees are granted vacation and sick leave in varying arnounts. In the event of termination, an employee is reimbursed for accumulated vacation hours. Employees are not reimbursed for accumulated sick leave except management employees who are eligible for a payoff of unused sick leave accruals at resignation. Management employees must have a balance of at least 70.0 percent of their sick leave accruals and have been employed three years or more to be eligible for this benefit. The maximum amount payable under this Sick Leave Incentive Plan is 50.0 percent of accrued sick leave,however,the amount of sick leave payable is de minimis. Accordingly,no accrual for sick leave has been rnade in the accompanying financial staternents. Accrued vacation at June 30, 2001, is valued at $37,832,000.which includes $31,160,000 attributable to the General and Special Revenue Funds, $6,522,000 recorded in Enterprise Funds and $150,000 ■ recorded in the Pension Trust Fund. Amounts attributable to the General and Special Revenue Funds are expected to be claimed in future periods and paid with fixture resources. Accordingly, this liability is reflected in the General Long-Tenn Obligations Account Group. In proprietary funds, accumulated vacation is recorded as an expense and liability as the benefits accrue to employees. In compliance with GASB Statement No. Ili, Accounting.Jnr Conrpeii.sated.9bsencces. the amounts reported include estimated employer liability for taxes and . workers'compensation premiums. 21 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 L. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. . M. Bond and Certificate of Participation Discounts and Issuance Costs In governmental fund types, bond and certificate of participation discounts, issuance costs and losses on ■ defeasance are recognized in the period incurred. In proprietary fund types, these charges are deferred and amortized over the term of the issuance using the straight-line method,which approximates the effective interest ■ method. N. Total Columns on Combined Statements ■ Total columns on the accompanying combined statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or cash flows in conformity with accounting principles generally accepted in the United States of America. Such data are not comparable to a consolidation since interfund eliminations have not been made. O. Pronouncements Implemented During the Year . GASB Statement Nos. 33 &36 The County implemented GASB Statement No. 33, Accounting and Financial Reporting for Nonexchange Transactions, and GASB Statement No. 36,Recipient Reporting,for Certain Shared Nonexchange Revenue-an amendment of GASB 33, during the current year. There was no significant impact as a result of the implementations, and accordingly, a restatement of beginning fund balance was not necessary. Capital contributions from a former lessee is being recorded as revenue by the Airport Enterprise.Fund and is included in retained earnings. . P. Pronouncements to be Implemented in Future Years GASB Statement Nos. 34, 37& 38 In June 1999 and in June 2001, the GASB approved Statement No. 34, Basic Financial Statements and r Management's Discussion and Anahusi.s for State and Local Governments and Statement No. 37, Basica Financial Statements — and Management's Discussion and AnalvSls —fior State and Local Governments: Omnibus. These statements establish new financial reporting requirements for state and local governments throughout the United States. When implemented, these statements will require new information and will restructure much of the information that governments have presented in the past. One of the most significant ■ changes is that all capital assets, including infrastructure, will be reported within the basic financial statements, along with depreciation expense and accumulated depreciation. Currently, infrastructure related to ■ governmental funds is not reported in the financial statements. GASB Statement No. 34 provides an alternative to depreciation for infrastructure,termed the"modified approach". The modified approach requires the use of a qualified asset management system and additional schedules to be reported in required supplementary information. The costs to implement GASB Statement No. 34 are unknown at this time. The County is in the 22 r ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 . planning stages and anticipates various complex analyses to be required before the full impact of these statements can be determined. ■ In June 2001, the GASB approved Statement No. 38, Certain Financial Statement Note Disclosures. This statement modifies, adds and deletes various note disclosure requirements. The statement addresses disclosure . for revenue recognition policies, actions taken in response to legal violations, debt service requirements, variable-rate debt, receivable and payable balances, interfund transfers and balances, and short-term debt. ■ GASB Statement Nos. 34, 37 and 38 are required to be implemented concurrently for the fiscal year ending June 30,2002. . The Office of the County Auditor-Controller has established a committee to help the County prepare for the implementation of GASB Statement No. 34 and subsequent standards. The committee includes members from other departments and plans to conduct training of County staff as appropriate. ■ Q. Fund Reclassification In the prior year, the activities of the Housing Authority had been reported in a Special Revenue Fund, a Debt Service Fund and the account groups. Beginning in fiscal year 2000-2001, the County reported the activities of the Housing Authority as an Enterprise Fund in accordance with guidelines prescribed by the U.S. Department of Housing and Urban Development. 2. CASH AND INVESTMENTS The cash balances of substantially all funds except the Pension and Investment Trust Funds are maintained in the . County's internal pool and invested by the County Treasurer. Income from pooled investments is allocated to the funds based on average daily balances. As permitted by the Government Code, legally separate entities that are not . part of this reporting entity also have individual investment accounts in the County Treasury. These accounts are separate from the pool and are reported in the Investment Trust Fund. Specific investments are acquired for these individual entities at their direction and the income from and changes in the value of those investments affect only the entity for which they were acquired. The Retirement Board directs the investment activity of the Pension Trust Fund. . Cash and investments at June 30, 2001 (December 31, 2000 for the Pension Trust Fund and March 31, 2001 for the Housing Authority)are as follows(in thousands): ■ County(Including Children& Investment Pension Trust Families Trust Fund) Fund Commission Total Deposits $ 81,879 8,294 2,891 93,064 Investments 1,484,516 2,997,973 25,337 4,507,826 ■ Total $ 1,566,395 3,006,267 28,228 4,600,890 . 23 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 A. Deposits Deposits include bank deposits at a carrying amount of$88,747,000. The balance reported by various financial institutions was $45,719,000. The difference between the bank balance and the carrying amount represents outstanding checks and deposits in transit. Of the bank balance, $644,000 was covered by Federal depository insurance and $45,075,000 was collateralized by the pledging financial institutions as required by Section ■ 53652 of the California Government Code. According to Government Code Section 53601, bank obligations such as Certificates of Deposit are considered . investments. However, in accordance with accounting principles generally accepted in the United States of America, the County has classified Certificates of Deposit in the amount of$4,317,000 as deposits. Of the ■ Certificates of Deposit balance, $1,704,000 was insured and S2,613,000 was collateralized by the pledging financial institutions as required by Section 53652 of the California Government Code. Under the California Government Code, a financial institution is required to secure deposits in excess of $100,000 made by state or local governmental units by pledging securities held in the form of an undivided collateral pool. The market value of the pledged securities in the collateral pool must equal at least 110.0 percent of the total amount deposited by the public agencies. California law also allows financial institutions to secure public agency deposits by pledging first trust deed mortgage notes having a value of 150.0 percent of the secured public deposits. The collateral must be held at the pledging bank's trust department or other bank, acting as the pledging bank's agent, in the public agency's name. ■ B. Investments Statutes authorize the County to invest in obligations of the United States Treasury, Federal agencies, i municipalities, commercial paper rated A-1 by Standard & Poor's Corporation or P-1 by Moody's Commercial Paper Record, bankers' acceptances, repurchase agreements, reverse repurchase agreements, medium-term . notes, negotiable certificates of deposit, mutual funds and investments in accordance with the statutory provisions governing the issuance of bonds. Pension Trust Fund investments are authorized by the County Employees' Retirement Law of 1937. Statutes ■ authorize a"prudent investor"guideline as to the form and types of investments which may be purchased. The County's investments (including the Investment Trust Fund) and those of the Pension Trust Fund are categorized separately on the following page to indicate the level of custodial credit risk assumed by each ■ investment portfolio for their respective year-ends. Category 1 includes investments that are insured or registered, or securities held by the County or its agent in the County's name. Category 2 includes uninsured and unregistered investments with the securities held by the counter-party's trust department or agent in the ■ County's name or in the agent's nominee name with subsidiary records listing the County as the legal owner. Category 3 includes uninsured and unregistered investments, with the securities held by the counter-party or by its trust department or agent but not in the County's name. Investments not evidenced by securities that exist in physical or book form cannot be categorized. The Local Investment Advisory Board (Board) has oversight responsibility for the State Treasurer's Local Agency Investment Fund (LA1F). The Board consists of five members as designated by State Statute. The value of the pool shares in LAW which may be withdrawn is determined on an amortized cost basis, which is . different from the fair value of the County's position in the pool. 24 . '■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 Investments at fair value as of June 30, 2001 (December 31, 2000 for the Pension Trust Fund and March 31, . 2001 for the Housing Authority)are shown as follows(in thousands): ■ Carrying Category Amount at Fair . 1 2 3 Value County(Including Investment Trust Fund) ■ Negotiable certificates of deposit S 126,000 2,000 128,000 U.S.government securities 175,508 16,119 191,627 ■ Commercial paper 133,968 6,497 140,465 Medium-term notes 17,470 21,417 38,887 Local obligation bonds 2,151 2,151 Banker's acceptances 65,000 3,000 68,000 Repurchase agreements 360,710 360,710 Total $ 520,097 409,743 929,840 . State Treasurers investment pool 312,837 Guaranteed investment contracts 189,067 Mutual fttnds 52,772 . Total investments $ 1,484,516 Pension Trust Fund . Domestic stocks S 938,712 938,712 International stocks 59,735 59,735 Corporate&government bonds 545,240 545,240 International bonds 114,021 114,021 Commercial paper 2,766 2,766 Repurchase agreements 5,161 5,161 Total $ 1,660,474 5,161 1,665,635 Mutual tends 1,110,893 Real estate 152,614 Alternative investments 68,831 Total investments $ 2,997.973 . Children and Families Commission U.S.government securities S 25,337 25,337 • C. Other Financial Instruments In accordance with California statutes, the County may invest in a wide variety of investment instruments, including asset-backed securities, such as collateralized mortgage obligations and principal-only strips, forward ■ contracts and reverse repurchase agreements. The Treasurer holds principal-only strip instruments for the benefit of some County school districts. Those . school districts utilize the services of an independent financial advisor in determining their investment strategy. The CCCERA has investments with trustees who hold part of their portfolio in government and corporate . obligations consisting of asset-backed securities, floating rate notes, constant maturity index Adjustable Rate Mortgages(ARMs),Collateralized Mortgage Obligations and LIBOR indexed ARMs. . 25 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 As of June 30, 2001 the County's proportionate share of structured notes and asset-backed securities held by • LAIF was$14,096,000 or 4.506 percent of the County's investment in LAIF. Information is not available on whether the various mutual funds in which the County and CCCERA have ■ invested,used,held or wrote derivative financial products during the year. ■ The investments discussed above, which are included in the accompanying financial statements, represent 10.0 percent of total investments. The Treasurer's investment policy was approved by the Board of Supervisors. In . accordance with Sections 27130-27137 of the Government Code, an investment oversight committee reviews the quarterly investment reports prepared by the Treasurer. D. Securities Lending by the Employees' Retirement Association(Pension Trust Fund) The CCC ERA's investment policy permits the use of a securities lending program with its principal custodian ■ bank. The CCCERA lends U.S. Government obligations and domestic and international bonds and equities to various brokers for collateral that will be returned for the same securities plus a fee in the future. The custodian bank provides loss indemnification to the CCCERA if the borrower fails to return the securities. The custodian bank manages the securities.lending program and receives cash and securities as collateral. The collateral cash cannot be invested and the collateral securities cannot be pledged or sold by the CCCERA without borrower . default. Securities on loan must be collateralized at 102.0 percent and 105.0 percent of the fair value of domestic securities and non-domestic securities, respectively. There are no restrictions on the amount of securities which can be loaned at one time. The term to maturity of the securities loans is generally matched . with the term to maturity of the investment of the securities collateral. Such matching existed at December 31, 2000. There were no losses associated with securities lending transactions during the year. At December 31, . 2000, CCCERA has no credit risk exposure to borrowers. The fair value of investments on loan at December 31,2000 is$181,701,000,which was collateralized by cash and securities in the amount of$185,399,000. 3. PROPERTY TAX The County is responsible for assessing,collecting and apportioning property taxes. Taxes are levied for each fiscal i year on taxable real and personal property situated in the County. The levy is based on the assessed values as of the preceding January 1st, which is also the lien date. State code requires tax rates to be set no later than the first . workday in September unless the Board of Supervisors elects to extend the deadline to October 3rd. Property taxes on the secured roll are due in two installments: November 1st and February 1st and become delinquent after ■ December 10th and April 10th, respectively. Supplemental property taxes are levied based on changes in assessed values between the date of real property sales or construction completion and the preceding assessment date. The additional supplemental property taxes are prorated from the first day of the month following the date of such . occurrence. Property taxes on the unsecured roll are due on the lien date (January 1), and become delinquent if unpaid by August 31 st. Secured property taxes are recorded as revenue when apportioned, in the fiscal year of the levy. The County apportions secured property tax revenue in accordance with the alternate method of distribution prescribed by . Section 4705 of the State Revenue and Taxation Code. This alternate method provides for crediting each applicable fund with its total secured taxes upon completion of the secured tax roll,approximately October l st of each year. Under the alternate apportionment method, specified amounts of penalties and interest collected on delinquent secured taxes are held in the Tax Losses Reserve Agency Fund. This reserve is used to offset the impact of accumulated delinquency remaining at year-end. Property taxes which have been collected in advance of the levy . year are reported in unapportioned taxes in the Unapportioned Taxes Agency Fund. 26 COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 4. NOTES RECEIVABLE ■ At June 30, 2001,the County had notes receivable balances of$25,631,000. Deferred revenues were recorded as an offset to the governmental balances because the amounts are not available. The notes receivable balances by fund type were as fellows(in thousands): ■ Amount Governmental: General Fund $ 21,978 Special Revenue Fund: Redevelopment Agency 1,827 23,805 Enterprise Fund: Housing Authority 1,826 $ 25,631 The notes receivable balances in the General Fund and Housing Authority Enterprise Fund consist of loans made with funds provided to the County under Federal Department of Housing and Urban Development programs. The notes receivable balance in the RDA Special Revenue Fund consists of loans made with tax increment. The loans ■ are made to carry out activities for affordable housing and economic development. Generally, the loans are either deferred or collected on a residual receipts basis with all remaining principal and interest due on the earlier of the due date of the note or sale or transfer of property. Any repayment of principal or interest is treated as program income,the use of which is restricted by Federal Regulations. 27 COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ 5. FIXED ASSETS The following is a summary of changes in general fixed assets for the year ended June 30, 2001 (Beginning balance • for Housing Authority of$84,361,000 was excluded from general fixed assets; see Note 10)(in thousands): Balance Balance July 1, June 30, 2000 Additions Deletions Transfers 2001 Land $ 39,132 737 39,869 Buildings&improvements 297,793 17,011 (6,407) 308,397 Construction in progress 3,910 3,910 Buildings&improvements- 1 lease purchase 131,238 131,238 Equipment 90,156 10,877 (7,041) 1,395 95,387 Equipment-lease purchase 8,299 534 (1,395) 7,438 Total $ 566,618 33,069 (13,448) 586,239 ■ Enterprise Fund fixed assets at June 30, 2001 (March 31, 2001 for the Housing Authority) were as follows (in thousands): Health Total Housing County Maintenance Enterprise Airport Authority Hospital Organization Funds Land $ 9,003 1,035 426 10,464 Buildings&improvements 29,274 68,513 124,984 73 222,844 Buildings&improvements- lease purchase 3,316 3,316 . Equipment 620 792 35,208 284 36,904 Equipment-lease purchase 47 29 76 . Construction in progress 4,451 20,169 24,620 Total 42,260 74,791 180,816 357 298,224 . Less accumulated depreciation1( 4,134) (55,615) 4( 2,160) (322) (112,231) Net fixed assets $ 28,126 19,176 138,656 35 185,993 The Pension Trust Fund had net .fixed assets of$129,000 as of December 31, 2000. This consisted of leasehold improvements and office equipment. 28 ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 6. SHORT-TERM NOTES ■ On June 30, 2001,the County had tax and revenue anticipation notes outstanding in the amount of$55,000,000 with interest at 5.3 percent per annum. The notes were issued July 3, 2000, and will be redeemed October 1, 2001. ■ Interest is payable on June 29, 2001 and at maturity. The redemption monies were from taxes and other revenues transferred to a fiscal agent during the fiscal year. Total interest incurred on these notes during fiscal year 2000- 2001 was$2,860,000. 7. LEASE COMMITMENTS A. Operating Leases . Total rental expense for the year ended June 30, 2001 (March 31, 2001 for the Housing Authority) for all operating leases and month-to-month lease arrangements amounted to $7,779,000 for the General Fund, $1,663,000 for the Special Revenue Funds and$2,345,000 for the enterprise funds. At June 30, 2001 (March 31, 2001 for the Housing Authority) the future minimum rental payments required under non-cancelable operating leases for buildings and equipment, other than month-to-month lease arrangements,are as follows On thousands): ■ Special Fiscal Year General Revenue Enterprise Ending June 30, Fund Funds Funds • 2002 $ 4,210 62 191 2003 3,448 35 136 2004 2,876 13 100 2005 1,957 4 100 . 2006 1,275 4 100 Thereafter 4,572 21 1,100 . Total $ 18,338 139 1,727 B. Capital Leases The County has capital lease purchase agreements with the Contra Costa County Public Facilities Corporation, the County of Contra Costa Public Financing Authority and other third parties. The assets acquired under these . lease agreements are included in the County's General Fixed Assets Account Group and in the enterprise funds. The obligations related to these lease purchase agreements are also included in the County's General Long-Term ■ Obligations Account Group and in the enterprise funds,and are summarized in Note 8. 29 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 8. LONG-TERM OBLIGATIONS The following is a summary of changes in long-term obligations for the year ended June 30, 2001 (March 31, 2001 • for the Housing Authority)(in thousands): Balance Balance • July 1, June 30, ■ 2000 Additions Retirements 2001 General Long-Term Obligations Employee benefits payable $ 28,569 2,591 31,160 Capital lease obligations 9,927 1,269 (2,208) 8,988 Certificates of participation 63,820 (2,355) 61,465 . Advances from other funds 7,251 (910) 6,341 Pension bonds payable 302,275 107,005 (111,940) 297,340 Notes payable 6 6 Other bonds payable 3,044 6,575 (1,114) 8,505 Lease revenue bonds 87,615 17,600 (2,970) 102,245 Tax allocation bonds 56,150 (790) 55,360 ■ Special assessment debt 21,652 7,220 (8,596) 20,276 Total $ 580,309 142,260 (130,883) 591,686 . Enterprise Funds Employee benefits payable $ 5,861 661 6,522 ■ Capital lease obligations 3,169 (453) 2,716 Certificates of participation,net 123,443 (2,550) 120,893 Notes payable 914 (55) 859 , Lease revenue bonds 7,950 24,272 (145) 32,077 Total $ 141,337 24,933 (3,203) 163,067 . ■ ■ ■ 30 . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 . The following is a schedule of debt payment requirements to maturity for long-term obligations, excluding advances from other funds and employee benefits payable that have indefinite maturities, outstanding at June 30, 2001 (in thousands): • General Long-Term Obligations Fiscal Year Capital Certificates Pension Other Lease Tax Special . Ending Lease of Bonds Note Bonds Revenue Allocation Assessment June 30, Obligations Participation Payable Payable Payable Bonds Bonds Debt 2002 S 2,561 6,083 35,269 6 757 8,558 1840 2,654 2003 2,180 5,820 35,266 1,287 8,377 3,909 2,455 2004 1,042 5,833 35,269 1,339 8,380 3,912 2,558 ■ 2005 694 5,837 30,584 1,297 8,381 3,908 2,532 2006 543 5,858 32,880 777 8,369 3,890 1,605 Thereafter 5,411 66,761 280,759 5,924 127,196 88,945 22,352 Total 12,431 96,192 450,027 6 11,381 169,261 108,404 34,156 . Less amount representing interest (3,443) (34,727) (152,687) (2,876) 67,016 53,044 (13,880) ■ Liability at June 30,2001 $ 8,988 61,465 297,340 6 8,505 102,245 55,360 20,276 r Enterprise Funds . Fiscal Year Capital Certificates Lease Ending Lease of Notes Revenue June 30, Obligations Participation Payable Bonds ■ 2002 $ 760 10,656 108 1,959 2003 723 10,667 110 2,252 . 2004 819 10,649 111 2,244 2005 863 10,643 112 2,244 2006 10,636 112 2,248 ■ Thereafter 180,309 615 47,402 Total 1165 233,560 1,168 58,349 ■ Less: Amount representing . interest (417) (97,620) (309) (26,339) Original issue discount, deferred amount on refunding and premium (32) (15,047) 67 Liability at June 30,2001 S 2,716 120,893 859 32,077 . 31 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 Individual issues of bonds, notes and certificates of participation outstanding at June 30, 2001 are as follows (in thousands): Outstanding . Original Annual Final Interest at June 30, Issue Issue Installments Payment Rates 2001 General Long-Term Debt ■ Pension obligation bonds(5): Remaining 1994 Issue $ 205,635 $15,915-24,280 2011 5.55-6.80% $ 192,285 2001 Issue 107,005 1,950-33,280 2014 5.20-6.25 105,055 297,340 Note payable ■ Service Area D-2(4) 36 10 2002 None 6 Certificates of participation(1): ■ 1992 Municipal project 4,750 590 2002 4.90-5.50 590 1992 Consolidated capital projects 37,300 1,555-1,625 2019 5.50-9.50 27,425 1997 Capital projects 34,910 655-2,610 2021 3.55-5.10 33,450 61,465 Lease revenue bonds(1): ■ 1998 Lease revenue 24,695 525-1,745 2025 3.80-5.15 23,910 1999 Lease revenue 66,560 1,095-3,350 2028 4.00-5.25 60,735 2001 A Lease revenue 13,905 335-900 2026 3.154.15 13,905 2001B Lease revenue 3,695 80-250 2027 4.25-5.20 3,695 102,245 Tax allocation bonds(3): . 1992 Tax allocation bond 29,315 155-645 2024 5.25-7.00 7,580 1995A Tax allocation bond 1,645 25-115 2026 3.90-7.00 1,530 1995B Tax allocation bond 2,735 45-200 2026 4.25-6.90 2,570 ■ 1999 Tax allocation bond 44,615 475-3,250 2029 4.00-5.125 43,680 55.360 . (continued) ■ ■ ■ 32 . . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 Outstanding Original Annual Final Interest at June 30, . Issue Issue Installments Payment Rates 2001 Special assessment debt with government commitment(6): ■ Kensington 91-1 $ 4,684 $ 150-300 $ 2013 5.25-6.00% $ 2,650 Pleasant Hill 87-1 8,785 620-770 2005 6.80-7.30 2,775 Pleasant Hill BART 93-5 1,530 55-140 2015 5.44-6.93 1,250 ■ San Ramon Valley 93-3 2,191 315 2002 5.93-6.61 315 San Ramon 89-1 980 75-90 2005 7.55-7.85 340 . Wayside Plaza 91-2 2,010 135-190 2007 7.00-7.20 965 Pleasant Hill BART CFD 92-1 171 7-14 2016 8.00 151 Pleasant Hill BART CFD 98-1 4,785 135-3,075 2017 4.20-5.10 4,610 ■ Norris Canyon 2001-1 7,220 110-495 2032 4.10-6.10 7,220 20,276 Other bonds payable(2): ■ Recreation and park 4,485 445-510 2005 4.25-5.10 1,910 Storm drainage 200 5 2005 4.25 20 CCC PFA revenue bonds 2001 6,575 360-570 2017 4.00-5.60 6,575 8,505 Total General Long-Tenn Debt S 545,197 Enterprise Long-Term Debt Notes payable(7): State Dept.of Transportation 558 33-53 2011 6.06 $ 426 State Dept.of Transportation 300 13-25 2016 5.08 264 State Dept.of Transportation 200 13-23 2010 5.48 169 859 Lease revenue bonds(1): . Hospital Enterprise 1999 Lease revenue bonds,Los Mcdanos 8,125 150-505 2028 4.00-5.25 7.805 . 2001 A Lease revenue bonds, Los Medanos 4,125 100-265 2026 3.15-4.15 4,125 2001 B Lease revenue bonds,CC' Regional Medical Center 20,080 445-1,365 2027 4.25-5.20 20,147 32,077 . Certificates of participation,net(1): 1997 Certificates of participation 145,340 3,390-10,185 2023 3.75-6.00 120,893 . Total Enterprise Long-Terni Debt $ 153,829 (concluded) ■ . 33 COUNTY OF CONTRA COSTA . NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 NOTES: , (1) Debt service payments are made from lease payments by the County General, Special Revenue and . Hospital Enterprise Funds to the Public Facilities Corporation and the Public Financing Authority. (2) Debt service payments are made from restricted property taxes and other revenues recorded in the ■ General and Debt Service Funds. (3) Debt service payments are made from tax increment revenue. . (4) Debt service payments are made from drainage fees and sanitation fees. (5) Debt service payments are made from retirement contributions. , (6) Debt service payments are made from special assessments levies on properties in each assessment ■ district. The County administers the assessment and repayment of these bonds. Since early redemption is allowed, there may be differences between the earnings on money received from property owners wishing to pay off their debt early and the interest obligation that accumulates on their ■ debt between the time they submit funds to the County and the next available redemption date, as stated in the bond's Official Statement. The County has historically funded this difference, and to that ■ extent may be obligated in some manner for this debt. (7) Debt service payments are made from operating revenues. ■ There are a number of limitations and restrictions contained in the various bond indentures. County management believes that the County is in compliance with all significant limitations and restrictions. Issuance of New Debt and Advance Refundings 1. Public Financing Authority A. In June 2001, the Contra Costa County Public Financing Authority issued $6,575,000 in revenue bonds . (Reassessment District of 2001) with interest rates ranging from 4.0 to 5.6 percent to enable the Authority to acquire an issue of limited obligation reassessment bonds of the Contra Costa County Reassessment District of 2001, the proceeds of which were used to refinance prior bonds issued by the Authority and Contra Costa . County relating to four assessment districts. The net proceeds of$6,309,000 (after payment of$266,000 of underwriter's discount and costs of.issuance) were used to advance refund the following special assessment debt: East Bates Avenue, Series No. 1993-1; Hidden Pond Road, Series No. 1993-2; Rancho Paraiso, Series No. 1993-4; and, Mrack Road Improvements Camino Tassajara Area, Series 1992-1. Of the net proceeds and S1,595,000 residual cash balances related to the old debt, $7,571,000 was used to purchase securities which are . held in an irrevocable trust with an escrow agent to provide for all future debt service payments on the old debt. As a result, the old special assessment debt listed above is considered defeased and the liabilities have been . removed from the General Long-Term Obligations Account Group. The County decreased its total debt service over the next sixteen years by $1,559,000 with this advance refunding, and generated an economic gain of S471,000. . B. In January 2001, the Contra Costa County Public Financing Authority issued $18,030,000 in lease revenue bonds(2001 Series A), with interest rates ranging from 3.2 to 4.2 percent. The proceeds will be used to finance ■ various capital projects of Contra Costa County,purchase a reserve fund surety bond, and pay costs of issuance relating to the 2001 Series A bonds. ■ 34 . . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30.2001 ■ C. In May 2001, the Contra Costa County Public Financing Authority issued $23,775,000 in lease revenue bonds (2001 Series B), with interest rates ranging from 4.3 to 5.2 percent. The proceeds will be used to finance the ■ construction of an ambulatory care clinic and attendant parking on the campus of the Contra Costa Regional Medical Center, fund a portion of the costs of a new animal shelter and other capital projects, purchase a reserve . fund surety bond, fund capitalized interest on the animal shelter project for one year and pay costs of issuance relating to the 2001 Series B bonds. 2. Pension Obliization Bond In March 2001, Contra Costa County issued $107,005,000 in taxable pension obligation bonds (Refunding Series . 2001),with interest rates ranging from 5.2 to 6.3 percent. By purchasing and refunding a portion of the 1994 bonds, the County restructured the amortization schedule of the bonds(including the 2001 bonds) to a final maturity date in 2014 and has achieved a more level annual debt service pattern. The net bond proceeds of$105,199,000 (after payment of original issue discount of 5191,000 and cost of issuance of $1,615,000) were used to purchase and cancel $87,140,000 of the 1994 bonds and $10,255,000 was deposited to an escrow account to advance refund (to . maturity) $9,500,000 of the 1994 bonds. The $9,500,000 that was advance refunded is considered to be defeased and the liability has been removed from the General Long-Term Obligations Account Group. The 1994 bonds which remain outstanding will mature in 2010 while the 2001 bonds will mature in 2014. The extended payment period creates an overall debt service increase over the next thirteen years of $32,639,000, but generates an economic gain of$2,494,000. The County entered into forward delivery agreements with Bear Stearns Capital Markets, Inc., and Bank of America,N.A. (the Providers),which are structured to meet the County's debt service requirements for the 1994 and . 2001 Pension Obligation Bonds. Under these agreements, the County is required to make annual deposits on July I for the principal and interest debt service payments due the following December 1 and June 1. By making these annual deposits in advance, the Providers are able to invest these funds up to the due date of the debt service payments. in exchange, the County received(1) a fee from the Providers in the amount of$8,000,000, representing an advance of investment earnings, and (2) will receive future investment earnings at a guaranteed rate of . 2.661 percent. The$8,000,000 fee was recognized as revenue in the Pension Bond Debt Service Fund. 3. Special Tax Bonds ■ In June 2001, Contra Costa County issued 57,220,000 in special tax bonds, with interest rates ranging from 4.1 to 6.1 percent, for and on behalf of the County of Contra Costa Community Facilities District No. 2001-1 (Norris Canyon). The bonds are payable from special tax revenues derived by the County from the levy of the special taxes in the District, and are secured by a pledge of all of the special tax revenues and moneys deposited in certain fiords . established under the fiscal agent agreement. Defeased Obligations . In prior years, the County has defeased certain obligations by placing a portion of the proceeds of new debt issuances in irrevocable trusts to provide for all future debt service payments on the refunded obligations. Accordingly, the trust ■ account assets and the liability of the defeased debt are not included on the financial statements of the County. On June 30,2001,$166,719,000 in outstanding obligations is considered to be defeased. ■ ■ . 35 COUNTY OF CONTRA COSTA . NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ 9. INTERFUND BALANCES Account balances at June 30,2001 are as follows(in thousands): ■ Due From Due To Advances From Advances To ■ Other Funds Other Funds Other Funds Other Funds General Fund S 86,587 13,868 138 Special Revenue Funds: ■ Road 838 2,532 Library 118 271 Fire Protection 1,163 173 ■ Health and Sanitation 346 1,279 Service Areas 4 352 Flood Control 350 2,651 6,197 Law Enforcement 221 3,891 Courts&Criminal Justice 875 96 Recorder/Clerk Modernization 12 4 ■ Land Development 1,847 1,655 Redevelopment Agency 218 22 3,890 Child Development 111 773 In-Home Supportive Services 439 596 Other Special Revenue 472 97 4,783 Debt Service Fund: . Redevelopment Agency 343 87 Pension Bond 2,483 1,575 Capital Projects Funds: . Redevelopment Agency 474 233 800 County Facilities I Enterprise Funds: Airport 102 103 County Hospital 12,420 31,477 Health Maintenance Organization 9,629 7,790 Major Risk Medical Insurance 657 ■.. Internal Service Funds: Self-Insurance 137 2,213 ■ Fiduciary Funds: Expendable Trust 15 Pension Trust 1,792 ■ Investment Trust 47386 49,844 Agency 13,923 60,043 Long-Term Obligations 6,341 ■ Subtotal 181,963 182,538 11,118 11,118 Adj ustments: Adjustment needed due to . Pension Trust being reported as of December 31,2000 575 Total S 182,538 182,538 11,118 11,118 ■ ■ ■ 36 ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 10. FUND EQUITY A. Restatements of Fund Equity In fiscal year 2000-2001, the financial activities of the Contra Costa County Housing Authority were reclassified from a special revenue fund and account groups to a single enterprise fund presentation. Accordingly,find equity was restated as follows: Amount reported as beginning fund balance in the ■ Special Revenue Fund as of April 1,2000 S 6,902,000 Record Housing Authority fixed assets,at cost 84,361,000 Change in capitalization policy (11,620,000) ■ Accumulated depreciation through March 31,2000 (52,863,000) HUD adjustments (88,000) . Accrued compensated absences as of March 31,2000 (285,000) Miscellaneous corrections (5,000) Comprehensive Improvement Assistance Program as of . April 1,2000 (691,000) Beginning retained earnings,as restated at April 1,2000 S 25,711,000 Special Revenue Funds Affordable Housing, within Other Special Revenue Funds, recognized an advance made from the Redevelopment Agency Special Revenue Fund in the prior year. This increased beginning fund balance by $431,000. . Due to the fund conversion referred to above, the Housing Authority's prior year ending balance of$6,902,000 was restated as the beginning retained earnings balance of the Housing Authority Enterprise Fund. Debt Service Funds The beginning fund balance of the Redevelopment Agency (RDA) was decreased by $87,000 to record an advance to the RDA from the County. This advance had been made in a prior year and was previously reported in the General Long Term Obligations Account Group. ■ Internal Service Funds The Worker's Compensation Insurance Fire Protection Fund's beginning retained earnings were decreased by 51,062,000 due to an overstatement of revenue in the prior year. Fiduciary Funds The Pension Trust Fund's beginning net assets were reduced by $21,035,000 as a result of the Paulson Lawsuit settlement(see Note 11). 37 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 B. Reserve for Prepaid Items and Deposits Reserves are less than total prepaid items and deposits because the General Fund advanced 5323,000 to sub- ■ grantees who will use the funds for Federal programs during the first quarter of fiscal year 2001-2002. As funds are spent,the Federal government reimburses the County. 11. PAULSON LAWSUIT SETTLEMENT During the year ended December 31, 1999, CCCERA settled its litigation, entitled Vernon D. Paulson, et al. v. Board of Retirement of the Contra Costa Einployees' Retirement Association, et al. As of October 14, 1999, all legal documents to finalize the case settlement were signed by the court. The consolidated lawsuit was brought on behalf of a class of retired members of CCCERA regarding the inclusions and the exclusions from"final"compensation that are used in calculating inembers' retirement benefits as a result of the Ventura Decision. The Ventura Decision held that a County Retirement System operating under provisions of the County Employees Retirement Law of 1937 must include certain types of cash incentive payments and ■ additional pay elements received by an employee, within the employees' "compensation eamable" and "final" compensation when calculating the employee's retirement benefits. A settlement agreement has been entered into . with all parties and a petitioners' class has been certified consisting of all retired members of CCCERA whose effective retirement date was on or before September 30, 1997(i.e.,the period prior to the October 1, 1997 effective date of the Ventura Decision). The Board has designated $90 million from unrestricted excess earnings to cover the anticipated liability of the settlement. Interest at the actuarially assumed rate(currently 8.25%per annum) is credited to the settlement amount until the final liability is determined. As claim forms are submitted,benefits recalculated and paid, the funds will be transferred to the Employer Advance Reserve to cover the liability. The costs will then be "funded" to the Retiree Reserves. It is anticipated that it could take up to two years for CCCERA to determine the final effect of this case. The recalculation and distribution of past and future benefits will be conducted in batches. As of December 31, 2000, CCCERA has already recalculated and paid 6 batches (616 claimants), for a total of$15.7 million. As of April 2001, CCCERA has recalculated batches 7 through 9 (572 claimants), for a total of $8.2 million in past ■ benefits. Of the$23.9 million paid and accrued through April 2001,S21.0 million is for the periods prior to the year ended December 31, 2000 and is recorded as a prior period adjustment on the Combined Statement of Changes In Net Assets—Pension and Investment Trust Funds. The liability for past benefits cannot be reasonably estimated due to the complexity involved in calculating the"Paulson Benefit." As calculations are completed, the liability for the past benefits will be recognized. As of December 31, 2000, the Paulson Lawsuit settlement designation is $81.9 million. 12. DEFICIT RETAINED EARNINGS Two Internal Service Funds had retained deficits at June 30, 2001. The Medical Liability Insurance Fund had a deficit of$6,832,000. The County provided $3,000,000 in fiscal year 2001-2002 to reduce the deficit and plans to further evaluate funding options. The Workers' Compensation Insurance County General Fund had a deficit of $6,522,000. The County's Risk Manager has re-evaluated its incentive method of establishing amounts charged to ■ departments for funding Workers' Compensation Insurance to ensure adequate funding. ■ 38 ■ ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ 13. CONTRIBUTED CAPITAL CHANGES Changes in contributed capital of the Enterprise Funds for the year ended June 30, 2001 are as follows (in thousands): Health County Maintenance Airport Hospital Organization Total Balance as of July 1,2000 $ 24,867 721 1,000 26,588 Depreciation related to grants 1,293 . (27) (1,320) . Balance as of June 30,2001 $ 23,574 694 1,000 25,268 ■ 14. SEGMENT INFORMATION FOR ENTERPRISE FUNDS Financial data for the Enterprise Funds for the year ended June 30,2001 are as follows(in thousands): ■ Health Major Risk Housing County Maintenance Medical . Airport Authority Hospital Organization Insurance Total Operating revenues $ 3,075 55,897 210,581 95,088 1,064 365,705 . Operating expenses(other than depreciation) 1,822 52,743 191,936 98,994 1,221 346,716 Depreciation 1,607 2,752 7,331 21 11,711 . Operating income(loss) (354) 402 11,314 (3,927) (157) 7,278 Non-operating revenues, expenses,net (271) 252 (7,540) (7,559) Capital contributions 1,574 1,574 Net operating transfers (50) 2,842) 4,168 1,276 Net(loss)income $ 899 654 932 241 _LL571 2,569 . Fixed assets acquisitions $ 1,505 2,789 17,930 11 22,235 Working capital 814 7,189 37,882 5,251 93 51,229 . Total assets 29,332 30,891 253,334 27,173 751 341,481 Capital lease obligations 2,714 2 2,716 Certificates of participation,net 120,893 120,893 Other bonds and notes payable 859 32,077 32,936 Total equity 25,367 26,365 23,566 5,286 93 80,677 ■ 39 COUNTY OF CONTRA COSTA . NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 The County pays a subsidy (through operating transfers) to the County Hospital and Health Maintenance Organization Enterprise Funds to provide resources for operating costs which are in excess of operating revenues. . Subsidies for the last three years are as follows(in thousands): Year Ended June 30, Total Subsidy 1999 $ 13,765 2000 17,856 . 2001 29,963 15. CONDUIT DEBT From time to time Multifamily/Single Family Housing Revenue Bonds have been issued in the County's name to • provide mortgage loans secured by first trust deeds on newly constructed and existing housing and to provide funds ■ to builders for construction/remodeling of housing projects. The bonds do not constitute an indebtedness of the County. They are payable solely from payments made on and . secured by a pledge of the acquired mortgage loans or housing units and certain funds and other monies held for the benefit of the bondholders pursuant to the bond indentures. The County is not obligated in any manner for repayment of the indebtedness. Accordingly, no liability has been recorded in the general-purpose financial . statements. As of June 30, 2001, the County had participated in the issuance of twenty-seven series of Multifamily or Single . Family Housing Revenue Bonds. The aggregate principal amount payable for the three series issued after July 1, 2000 was $41,000,000 as of June 30, 2001. The aggregate principal amount remaining payable for the twenty four . series of bonds issued prior to July 1, 2000 could not be determined; however, the original issue amount for these bonds was$274,800,000. 16. RISK MANAGEMENT The County self-insures its unemployment,dental and management long-term disability. The County is self-insured ■ to $750,000 per occurrence for workers' compensation, and maintains $10 million of excess insurance coverage per occurrence with commercial insurance carriers. The County is self-insured to $1 million per occurrence on public ■ and automobile liability, and maintains S30 million excess insurance coverage with commercial insurance carriers. Liability claims arising from operations at the County's two airports are fully insured to $100 million under a . separate commercial insurance policy. The County is self-insured to $500,000 per occurrence on medical malpractice and maintains $11.5 million of excess insurance with commercial insurance carriers. All claims are adjusted in-house by the County,except for dental which is adjusted by outside parties. . ■ 40 r COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ The County maintains up to $550 million "All Risk" insurance coverage subject to a $50,000 deductible to cover its . property, except for loss by earthquake and flood. Loss by flood is subject to a $100,000 deductible. With respect to loss from the peril of earthquake the County's coverage has decreased from $350,000,000 to $280,000,000 of protection in the current year, due to the commercial insurance carrier reducing the value of assets they will insure . for earthquake coverage, subject to a 5.0 percent deductible at each location. The County maintains a separate insurance policy to cover the Sheri IT-Coroner's helicopter for $1.6 million and up ■ to$50 million for liability arising from the helicopter use. . During the past three years there have been no instances of the amount of claim settlements exceeding insurance coverage. ■ Internal Service Funds are used to account for the County's self-insurance activities. It is the County's policy to provide in each fiscal year, by charges to affected operating funds, amounts sufficient to cover the estimated expenditures for self-insured claims. Charges to operating funds are recorded as expenditures/expenses of such funds and revenues of the Internal Service Funds. Accrual and payment of claims are recorded in the Internal Service Funds. . The County has accrued a liability of $80.0 million at June 30, 2001 for all self-insured claims in the Internal Service Funds, which includes an amount for incurred but not reported claims. The self-insurance reserve is based on actuarially determined amounts for workers' compensation, public and automobile liability, and medical liability and based on management's estimates for all other reserves. In the opinion of the County, the amounts accrued are adequate to cover claims incurred but not reported in addition to known claims. ■ Changes in the Funds'claims liability amount in fiscal years 2000-2001 and 1999-2000 were(in thousands): Beginning of Current Year Claims Balance at Fiscal Year and Changes in Claim Fiscal Liability Estimates Payments Year End 2000-2001 $ 80,337 24,119 (24,435) 80,021 1999-2000 84,198 20,866 (24,727) 80,337 ■ The actuarially determined claims liabilities, including incurred but not reported claims, are based on the estimated ■ ultimate cost of settling the claims, using past experience adjusted for current trends, and any other factors that modify past experience. It also includes incremental claim adjustment expenses. In addition, estimated recoveries on settled and unsettled claims were evaluated in terms of their estimated realizable value and deducted from the liability for unpaid claims. ■ 41 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 17. COMMITMENTS AND CONTINGENCIES A. Grants ■ The County participates in a number of Federal and State grant programs which are subject to financial and compliance audits by the grantors or their representatives. Audits of certain grant programs through June 30, . 2001 have not yet been conducted. Accordingly, the County's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time. The County believes that such disallowances, if any, would not have a material effect on the general-purpose financial statements. B. Health Insurance . Health care benefits for active and retired employees are jointly financed by the beneficiaries and by the ■ County. Most employees have a choice of participation in five medical plans: Kaiser Permanente, a private health maintenance organization (HMO); Health Net (HMO); Health Net (PPO); and the Contra Costa Health Plans (CCHP)A and B,operated by the County Health Services Department. Employees represented by either ■ the Deputy Sheriffs' Association (DSA), District Attorney Investigators' Association (DATA), or United Professional Fire Fighters' IAFF Local 1230 are eligible to participate in medical plans administered by the ■ California Public Employees' Retirement System(CalPERS). For non-Ca1PERS administered medical plans, the County subvents 80.0 percent of Kaiser, 80.0 percent of . Health Net(HMO), 60.0 percent of Health Net (PPO) and 98.0 percent of CCHP A and 90.0 percent of CCHP B premiums for plan members. The County subvention for Ca1PERS administered plans is a flat rate depending on the employees' union representation and the number of dependents covered under the plans. All permanent ■ employees have a choice of two dental plans: a County self-funded plan administered by Delta Dental, and a PMI Delta Care Plan. The County's self-funded plan is an indemnity program and the PMI Delta Care plan is a . prepaid program. The County's contribution to health and dental plans during fiscal year 2000-2001 for active employees was . $40,687,000. The County's liability for health care benefits is limited to its annual contribution. C. Post-Employment Benefits Other Than Pensions In addition to providing retirement benefits as described in Note 18, retired employees are allowed to continue participation in the medical and dental plans described above. As of June 30, 2001, there were 3,906 retired . employees participating in the health plans, and the County contributed $13,815,000 toward payment of the premiums. The cost of retiree health care is recognized when the County makes its contribution on a pay-as- ■ you-go basis and is accounted for in the General Fund, Special Revenue Library and Fire District Funds, enterprise funds, or fiduciary funds as appropriate. This post-employment benefit was approved by Board of Supervisors resolution number 264 on August 22, 1961 with an effective date of October 1, 1961. To be . eligible, the retiring employee must have been a member of a participating health plan for at least five consecutive years. ■ 42 ■ . COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 • D. Special Assessment Debt The County is considered to be "obligated in some manner," as defined by GASB No. 6, Accounting and Financial Reporting for Special Assessments, for its special assessment debt. The County is obligated to . foreclose on properties for which owners have failed to pay assessments installments as they fall due and the County may honor deficiencies to the extent that lien foreclosure proceeds are insufficient. The County's obligation to advance monies to pay debt service in the event of delinquent assessment installments is limited to . the amount of remaining original bond proceeds and installments received. Special assessment debt is included in the County's General Long-Term Obligations Account Group and special assessment transactions are . included in the Assessment Districts Debt Service Fund. Debt service payments are made from special assessments of the related special assessment district. . E. Construction Commitments The County had entered into contracts for the construction of certain projects. At June 30, 2001, there were . outstanding commitments of$13,880,000 for the Martinez Health Center project, $26,794,000 for the Juvenile Hall Replacement project, $3,893,000 for the 4549 Delta Fair Blvd. project, and $3,813,000 for 2001 overlays . project located within Central and West regions of Contra Costa County. F. Pending Legal Matters . Numerous lawsuits are pending or threatened against the County. The County has recorded actuarially determined reserves in the Internal Service Funds to adequately cover estimated potential material adverse losses at June 30,2001. 18. PENSION PLAN A. Plan Description . The Contra Costa County Employees' Retirement Association (CCCERA) is a cost-sharing multiple-employer defined benefit pension plan(the plan)governed by the County Employees' Retirement Law of 1937(the"1937 . Act"). The plan covers substantially all of the employees of the County, its special districts, the Housing Authority and thirteen other member agencies. The plan issues a stand-alone financial statement which can be directly obtained from its office,as indicated in note I A. . The plan provides for retirement, disability, death and survivor benefits, in accordance with the 1937 Act. Annual cost-of-living adjustments to retirement benefits can be granted by the Retirement Board as provided by . State statutes. The plan is divided into four separate benefit sections of the 1937 Act. These sections are known as: General - . Tier I, General - Tier 11, General - Tier III and Safety. Tier I includes members not mandated to be in Tier II and reciprocal members that elect Tier I membership. Tier II includes members hired on or after August 1, . 1980, by the three employers adopting this benefit provision and their members who elected to transfer from Tier I at that date. Tier III was approved by the Board of Supervisors in January 1998 and implementation began in October 1998. Safety includes members in active law enforcement, active fire suppression work or . certain other"Safety"classifications as designated by the Retirement Board. . 43 COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ Service retirement benefits are based on age, length of service and final average salary. For the Tiers I, 111 and Safety sections, the retirement benefit is based on a one-year average salary, in accordance with Section 31462 ■ of the Government Code. For Tier 11,the benefit is based on a three-year average salary. As of June 30, 2001, 3,427 Tier II employees with five years service were eligible to irrevocably elect Tier 111. ■ Members eligible for Tier III are required to elect or decline enrollment. As of June 30, 2001,2,753 employees elected Tier 111. Subsequent enrollments will occur as more employees from Tier II acquire five years of service. . B. Funding Policy Pursuant to provisions of the 1937 Act, the Retirement Board recommends the annual contribution rates for • adoption by the Board of Supervisors. New contribution rates, based on the actuarial study as of January 1, . 2000,became effective July 1,2000. The contribution requirements are determined as a percentage of payroll. The employer rates were calculated on the alternate funding method permitted by Section 31453.5 of the Government Code. The"entry age normal funding"method is used to calculate the rate required to provide all the benefits promised to a new member. Unfunded costs resulting from this calculation are amortized over 20 years from the January 1, 1999 valuation date. . Active plan members are required to contribute an actuarially determined percentage of their annual covered salary. The required percentage rates vary according to the benefit section and entry age of the employee. The . rates in effect during fiscal year 2000-2001 (based on covered payroll as of January 1, 2000) ranged from 2.1 percent to 10.1 percent of the employees' annual covered salary. The County employer rates of contribution, calculated as a percentage of the County's covered payroll of 5382,124,000 as of January 1,2000,for fiscal year 2000-2001 were: General Members.Tier I 17.35% ■ General Members,Tier II 11.85 General Members,Tier Ill 14.05 Safety Members 18.73 . 44 . ■ COUNTY OF CONTRA COSTA NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 The following table shows the County's required contributions and the percentage contributed, for the 2000 . calendar year and each of the two preceding years: Annual County Required Percentage Calendar Contribution Contributed Year (ARC) by County 1994 S 30,022,276 100 1999 32,565,990 100 2000 35,041,270 100 ■ 19. MEDICARE AND MEDT-CAL PROGRAMS . The County Hospital provides services to eligible patients under Medi-Cal and Medicare programs. For the fiscal year ended .lune 30, 2001, the Medi-Cal program represented 44.0 percent and the Medicare program represented approximately 19.0 percent of the Hospital's gross patient service revenues. Medi-Cal inpatient services are reimbursed on a per diem basis, outpatient services under a cost-reimbursement methodology. Medicare inpatient services are reimbursed based upon pre-established rates for diagnostic-related groups. Outpatient services and . defined capital and medical education costs related to Medicare beneficiaries are paid based on a cost- reimbursement methodology. Final reimbursement is determined as a result of audits by the intermediary of annual . cost reports submitted by the Hospital. Reports on the results of such audits have been received through June 30, 1999 for Medicare and Medi-Cal. Adjustments as a result of such audits are recorded in the year the amount can be determined. Laws and regulations governing the Medicare and Medi-Cal programs are extremely complex and ■ subject to interpretation. As a result, there is a possibility that these adjustments could be a material amount in the near term. The Hospital Enterprise Fund accounts receivable of$26,650,000 is reported net of contractual and other allowances of$57,514,000. 20. EXPENDITURES IN EXCESS OF BUDGET The negative expenditure variances for other charges of 57,343,000 for RDA Capital Project Funds and $639,000 for RDA Debt Service Funds were the result of the transfer of the Oakley Project Area from the County R.DA. The Redevelopment Agency (RDA) Special Revenue, Debt Service and Capital Projects Funds transferred all City of Oakley RDA equity to an expendable trust fund as of July 1, 2000 due to the City of Oakley RDA taking over the Oakley Project Area of the County. The County refunded the 1994 Pension Obligation Bonds and budgeted the proceeds of refunding bonds net of'the refunding bond issuance cost resulting in a negative expenditure variance of $1,615,000 for Pension Bond Debt Service Fund. . 45 COUNTY OF CONTRA COSTA ■ NOTES TO GENERAL-PURPOSE FINANCIAL STATEMENTS June 30,2001 ■ 21. SUBSEQUENT EVENTS A. Tax and Revenue Anticipation Notes • On September 6, 2001, the County issued $70,000,000 of short-term tax and revenue anticipation notes. The ■ notes bear interest at 3.0 percent and mature on October 4,2002. B. Construction Commitment Effective July 11, 2001, the County entered into a contract for rubber asphalt concrete road overlays at various locations in Central and Eastern Contra Costa County.The contract is valued at$2,593,000. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ r ■ ■ ■ 46 . GENERAL FUND ■ The General Fund accounts for legally authorized activities of the County not provided for in other restricted funds. . General Fund revenues are derived from taxes, licenses, permits, franchise fees, fines, forfeitures and penalties, use of money and property, aid from other governmental agencies, charges for current services and other revenue. General Fund expenditures and encumbrances are classified by the functions of general government, public protection, public ways and ■ facilities, health and sanitation, public assistance, education, and recreation and culture services. The resources of the General Fund are generally expended and replenished on an annual basis. The Fund will continue to exist indefinitely. ■ . 47 COUNTY OF CONTRA COSTA . GENERAL FUND COMPARATIVE BALANCE SHEET ■ JUNE 30,2001 (With Comparative Totals for June 30,2000) (In Thousands) . 2001 2000 Assets: ■ Cash and investments S 99,172 122,214 Accounts receivable and accrued revenue 101,888 107,969 Inventories 1,927 1,776 Due from other funds 86,587 64,939 Advances to other funds 138 138 Notes receivable 21,978 21,820 . Prepaid items and deposits 1,612 2,872 Total Assets $ 313,302 321,728 Liabilities and Fund Equity: Liabilities: . Short term notes $ 55,000 88,000 Accounts payable and accrued liabilities 35,000 41,440 Due to other funds 13,868 21,489 ■ Welfare program advances 28,414 22,350 Deferred revenue and credits 36,413 35,728 Total Liabilities 168,695 209,007 Fund Equity: Fund balance: Reserved Encumbrances 43,550 32,439 Inventories 1,927 1,776 . Advances to other funds 138 138 Prepaid items and deposits 1,289 2,567 Total fund balance-Reserved 46,904 36,920 . Unreserved Designated for future projects 8,128 Designated for equipment replacement 10,477 8,717 ■ Undesignated 79,098 67,084 Total fund balance-Unreserved 97,703 75,801 . Total Fund Equity 144,607 112,721 Total Liabilities and Fund Equity $ 313,302 321,728 ■ ■ ■ ■ 48 ■ COUNTY OF CONTRA COSTA GENERAL FUND . STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 . (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 Variance Favorable 1999-2000 . Budget Actual (Unfavorable) Actual Revenues: ■ Taxes S 174,129 184,513 10,384 168,225 Licenses,permits and franchise fees 7,442 14,823 7.381 8,623 Fines,forfeitures and penalties 13,896 14,364 468 15,029 . Use of money and property 14,446 19,029 4,583 14,858 Intergovernmental 465,674 452,351 (13,323) 413,560 Charges for services 174,141 160.130 (14,011) 143,566 . Other revenue 18,709 18,078 (631) 27,923 Total Revenues 868,437 863,288 (5,149) 791,784 . Expenditures: Current: . General Govemment: Administrator 4,154 3,805 349 3,560 Assessor 11,865 11,664 201 10,832 Auditor-Controller 5,996 5,615 381 4,949 Board of Supervisors 3,088 2,700 388 1,854 Building Maintenance 9,505 9,393 112 8,125 . Building Occupancy Cost 13,382 12,933 449 12,741 Central Service/Microfilm 316 316 432 Clerk of the Board 452 364 88 346 . County Counsel 3,324 3,097 227 2,707 Crockett-Rodeo Revenues 735 160 575 40 Economic Development 336 325 11 224 . Elections 4,262 4,195 67 3,888 Employee Benefits 16,452 12,586 3,866 12,052 Fleet Services 3,212 468 2,744 1,858 . General Services Administration 8 8 2 Human Resources 7,079 6,033 1,046 5,344 Infomnation Technology 1,947 1,535 412 1,905 Insurance 5,101 4,636 465 4,938 Management Information Systems 979 531 448 304 Personnel Merit Board 97 72 25 54 Plant Acquisition 80,725 20,610 60,115 20,558 . Purchasing 801 801 545 Revenue Collections 1,914 1,903 11 1,559 Telecommunications 4,588 1,791 2,797 1,745 . Treasurer-Tax Collector 4,031 3,620 411 2,959 UAAL Pension Bond Debt Service Transfers (2,911) (2,911) (3,287) . Total General Govemment 181,438 106,250 75,188 100,734 (continued) . 49 COUNTY OF CONTRA COSTA GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (In Thousands) 2000-2001 Variance Favorable 1999-2000 Budget Actual (Unfavorable) Actual Public Protection: . Agriculture 1029 2,888 141 2,563 Animal Services 5,130 4,791 339 4,424 CCC Department Child Support Services 10,938 9,133 1.805 . Community Development 1,641 1,468 173 1,625 Conflict Defense Services 1,148 961 187 1,032 Coroner 1,647 1,525 122 1,975 . Criminal Grand Jury 77 61 16 56 District Attorney 18,145 16.846 1,299 15,523 District Attorney Family Support 9,159 8,246 913 14,950 . Emergency Services 2,361 2,125 236 1,974 Flood Control 662 581 81 629 Grand Jury 78 70 8 76 Jail 45,077 42,235 2.842 41,539 Jail-Health Services 7,336 7,317 19 7,275 Justice System Programs 4,465 1,836 2,629 2,241 . Law and Justice Systems 327 222 105 217 Local Agency Formation 257 241 16 226 Probation-Programs 17,451 16,792 659 15,190 Probation-Facilities 15,768 15,398 370 14,186 . Probation-Care of Court Wards 8,782 7,836 946 7,580 Public Administrator 173 168 5 153 Public Defender 14,631 12,412 2,219 12,776 . Recorder 2,614 2,083 531 2,142 Sheriff 60,648 59,503 1,145 56,155 Trial Court Programs 20,421 20,333 88 22,082 . UAAL Pension Bond Debt Service Transfers (10,063) (10,063) (10,670) Total Public Protection 241,902 225,008 16,894 215,919 Health and Sanitation: ■ Children's Services 6,077 4,689 1,388 5,273 Conservator/Guardianship 1,183 1,183 1,107 . Environmental Health 8584 8,448 136 8,189 General Sewer Planning 23 22 1 12 Health Services Homeless Program 2,269 1,674 595 2,008 . Medical Disproportionate Share 21,681 21,625 56 30,874 Mental Health 71,993 68,373 3,620 64,332 Public Health 35,834 34,580 1,254 33,687 Solid Waste Management 405 405 643 . Substance Abuse 16,132 15,643 489 13,306 L'AAL Pension Bond Debt Service Transfers (2,681) (2,681) (2,990) Total Health and Sanitation 161,500 153,961 7,539 156,441 . (continued) ■ ■ 50 . . COUNTY OF CONTRA COSTA GENERAL. FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL. YEAR ENDED JUNE 30.2001 (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 Variance ■ Favorable 1999-2000 Budget Actual (Unfavorable) Actual Public Assistance: ■ Community Development 6,352 5,570 782 5,664 Community Services 14,891 13,931 960 12,547 Housing Rehabilitation 211 211 235 EHSD-Administration 4,232 1,306 2,926 2,759 EHSD-Child&Family 85,083 84,114 969 73,564 EHSD-Aging&Adult 33,325 31,843 1,482 28,540 EHSD-Workforce Services 136.443 134,309 2,134 119,485 ■ EHSD-WFRC Investment Board 10,044 5,998 4,046 6,488 Service Integration 606 474 132 346 Veterans Services 520 495 25 381 URAL Pension Bond Debt Service Transfers (4,848) (4,848) (5,075) Total Public.Assistance 286,859 273,403 13,456 244,934 Education: ■ Cooperative Extension Services 207 153 54 151 UAAL Pension Bond Debt Service Transfers (2) (2) (6) Total Education 205 151 54 145 ■ Public Ways and Facilities: Public Works 6,255 5,932 323 7,614 Road Construction 24,092 19,047 5,045 13,568 . UAAL Pension Bond Debt Service Transfers (887) (887) Total Public Ways and Facilities 29,460 24,092 5,368 20,140 Recreation and Culture: Park Administration 1 1 Total Recreation and Culture: 1 1 Debt Service: Interest 5,252 3,133 2,119 3,878 Capital Outlay 1,269 1,269 3,301 . Total Expenditures 907,886 787,267 120,619 745,492 Excess of Revenues Over(Under)Expenditures (39,449) 76,021 115,470 46,292 Other Financing Sources(Uses): Operating transfers in 23,485 23,485 31,294 Operating transfers out (68,889) (68,889) (55,993) ■ Capital lease financing 1,269 1,269 5,500 Total Other Financing Sources(Uses) (44,135) (44,135) (19,199) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (83,584) 31,886 115,470 27,093 Fund Balance at Beginning of Year 112,721 112,721 85,430 . Residual equity transfers in 199 Residual equity transfers out (1) ■ Fund Balance at End of Year $ 29,137 144,607 115,470 112,721 (concluded) 51 10 41 e�IleI ' s ■ SPECIAL REVENUE FUNDS ROAD FUNDS These Funds were established to provide for maintenance and construction of roadways. Revenues consist primarily of the County's share of State highway user taxes and are supplemented by Federal funds. LIBRARY FUND This Fund was established to provide library services for all areas of the County except the City of Richmond. Property taxes provide most of the Fund's revenues. FIRE PROTECTION FUNDS These Special District Funds provide fire protection services to both cities and unincorporated areas in the County. They are financed primarily by property taxes. HEALTH AND SANITATION FUNDS These Funds provide a variety of health and sanitation services. They are financed by State grants, the County's share of the tobacco tax and user fees. SERVICE AREAS FUNDS These Special District Funds provide services such as lighting, park, or street maintenance to specific areas in the County. They are financed by property taxes and user charges. FLOOD CONTROL FUNDS These Special District Funds provide services to control flood and storm waters. Revenues are primarily received from property taxes and Federal grants. . LAW ENFORCEMENT FUNDS These Funds provide for a variety of law enforcement services financed by property taxes, narcotics seizures and court . fines and fees. COURTS AND CRIMINAL JUSTICE FUNDS . These Funds are used for the improvement of courthouse and criminal justice facilities and related automated information systems. Revenues are derived from court fines and fees. 53 RECORDER/CLERK MODERNIZATION FUNDS These Funds provide for automation of civil and small claims functions of the municipal courts and for micrographics and modernization of the Recorder's Office. Revenues received are from filing and recording fees. LAND DEVELOPMENT FUND This Fund was established to report growth management related activities, such as Building Inspection, Public Works engineering and Community Development growth management related services. REDEVELOPMENT AGENCY (RDA) FUNDS These Funds are used to account for the financial resources designated for the improvement of targeted low to moderate income housing areas and the elimination of blight. HOUSING AUTHORITY FUNDS These Funds are used to account for the financial resources designated for housing and housing assistance to low income residents of Contra Costa County. As of fiscal year 2000-2001 year, the Housing Authority Funds have been reclassified as an Enterprise Fund. CHiLD DEVELOPMENT FUND This Fund is used to account for the financial resources designated for the County's Child Development programs. IN-HOME SUPPORTIVE SERVICES PUBLIC AUTHORITY (IHSS) FUND This Fund is used to provide services to both providers and recipients of in-home care delivered through the In-1-lome Supportive Services program. OTHER SPECIAL REVENUE FUNDS These Funds account for the activities of several non-grant Special Revenue Funds. They include Fish and Game, Survey Monuments, Victim Assistance, Sans Crainte Drainage and County Water Districts. ■ ■ ■ 54 II, 4%i I i II i t • 1 IM's � Cp III ``I� "v��, G COUNTY OF CONTRA COSTA SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET ■ JUNE 30,2001 (With Comparative Totals for June 30,2000) (In Thousands) . Fire Health& Service Flood Lav Road Library Protection Sanitation Areas Control Enforcement Assets: ■ Cash and investments $ 30,757 6.824 31,528 4,269 12,351 11,104 20,960 Accounts receivable and accrued revenue 5,149 832 1,534 1,237 140 818 140 Due from other funds 838 118 1,163 346 4 350 221 ■ Advances to other funds 6,t97 Notes receivable Prepaid items and deposits 34 253 . Land held for resale Total Assets S 36,778 7.774 34,478 5,852 12,495 18,469 21,321 Liabilities and Fund Equity: Liabilities: . Accounts payable and accrued liabilities $ 479 994 5,155 1,663 299 148 152 Due to other funds 2,532 271 173 1,279 352 2,651 3,891 Advances from other funds Deferred revenue and credits 13 20 Total Liabilities 3,011 1,278 5,348 2,942 651 2,799 4,043 ■ Fund Equity: Fund balance: Reserved . Encumbrances 717 176 1,418 28 194 187 Advances to other funds 6,197 Prepaid items and deposits 34 253 Land held for resale Total fund balance-Reserved 751 176 1,671 28 194 6,384 Unreserved . Designated for future projects Designated for equipment replacement 3,959 68 278 . Undesignated 29,057 6,252 27,459 2,882 11,650 9,008 17,278 Total fund balance -Unreserved 33,016 6,320 27,459 2,882 11,650 9,286 17,278 Total Fund Equity 33,767 6,496 29,130 2,910 11,844 15,670 17,278 ■ Total Liabilities and Fund Equity $ 36,778 7,774 34,478 5,852 12,495 18,469 21,321 ■ 56 ■ Courts& Recorder/ Other . Criminal Clerk Land Child Special Totals Justice Modernization Development RDA Development IHSS Revenue 2001 2000 . 5,326 19,381 4,220 9,741 156,461 124,786 12 23 795 1 1,256 190 277 12,404 7,346 ■ 875 12 1,847 218 111 439 472 7,014 7,669 4,783 10,980 11.696 1,827 1,827 3.533 55 8 350 343 189 189 189 887 5,361 22,078 6,455 1,375 629 15,273 189,225 155,562 ■ . 92 1,017 400 33 13 1.0,445 8,390 96 4 1,655 22 773 596 97 14,392 13,062 . 3,890 3,890 3,806 14,527 1,740 178 16,478 15,188 96 96 17,199 5,652 1,173 629 288 45,205 40,446 22 546 57 3,345 4,265 4,783 10,980 12,298 55 8 350 343 189 189 189 22 601 189 8 4,840 14,864 17,095 388 2,934 3,322 8,241 . 4,305 791 5,243 3,890 (2,320) 194 10,145 121,529 89,780 791 5,243 4,278 614 194 10,145 129,156 98,021 . 791 5,265 4,879 803 202 14,985 144,020 115,116 887 5,361 22,078 6,455 1,375 629 15,273 189,225 155,562 . 57 COUNTY OF CONTRA COSTA . SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES . AND CHANGES IN FUND BALANCES YEAR ENDED JUNF.30,2001* (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) . Fire Health& Service Flood Law Road Library Protection Sanitation Areas Control Enforcement . Revenues: Taxes $ 15,465 11.562 57,241 4,389 2,889 4,654 4,387 . Licenses,permits and franchise fees 235 21 2,185 Fines,forfeitures and penalties 885 607 Use of money and property 1.595 7 828 23 529 700 632 . Intergovernmental 12,725 2,991 2,282 3.735 1,244 143 7,170 Charges for services 1,333 515 2,082 90 2,805 10,347 233 Otherrevenue 718 856 1,367 68 3.658 396 Total Revenues 31,836 15,931 64,035 9.122 7,556 21,687 13,425 Expenditures: Current: . General government 30 5 Public protection 55,535 4,059 18,883 8.267 Health and sanitation 7,259 . Public assistance Education 14,436 2 Public ways and facilities 24,955 1,809 . Recreation and culture 426 Debt service: Principal 60 658 Interest 10 258 . Capital outlay Total Expenditures 24,955 14,466 55.535 7,329 6,296 19,799 8,272 Excess(Deficiency)of Revenues Over (Under)Expenditures 6,881 1,465 8,500 1,793 1,260 1,888 5,153 Other Financing Sources(Uses): Operating transfers in 82 229 112 10 624 Operating transfers out (469) (107) (136) (719) (183) Total Other Financing Sources(Uses) 82 (240) 112 (107) (126) (719) 441 . Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) ■ Expenditures and Other Financing Uses 6,963 1,225 8,612 1,686 1,134 1,169 5,594 Fund Balances at Beginning of Year, as Previously Reported 26.804 5.271 20.518 1,224 10,710 14,501 11.684 . Adjustments to beginning fund balances Fund Balances at Beginning of Year, as Restated 26,804 5,271 20,518 1,224 10,710 14,501 11,684 . Fund Balances at End of Year S 33,767 6,496 29,130 2,910 11,844 15,670 17,278 *Housing Authority Funds reported as of March 31,2001 58 . ■ • Courts& Recorder/ Other Criminal Clerk Land Housing Child Special Totals Justice Modernization Development RDA Authority Development IHSS Revenue 2001 2000 . 1,400 285 102,272 93,426 8,375 110 10,926 11,772 2,402 38 3,932 3,971 ■ 8 928 406 1,686 7,342 7,787 16 26 6,996 661 139 38,128 26,839 2,045 6,386 4 1,256 27,096 24,318 328 1,127 5 4 75 8,602 6,106 . 2,738 2,045 16,832 1,832 7,001 669 3,589 198,298 174,219 l 94 130 1,038 1,272 12,561 236 100,813 91,341 ■ 7,259 7,701 2,546 6,852 669 363 10,430 8,468 14,438 14,071 . 3,755 30,519 30,368 426 619 34 752 2,139 2 84 354 1,804 722 722 . 1 1,272 16,352 2,630 6,852 669 1,415 165,843 157,549 2,737 773 480 (798) 149 2,174 32,455 16,670 ■ 200 1,257 2,639 (2,102) (31) (338) (241) (162) (751) (5,239) 1( 1,736) . (2,102) (31) (138) (241.) (162) 751 3,982 9,097) . 635 742 342 (1,039) (13) 1,423 28,473 7,573 156 4,523 4,537 1,842 6,902 215 13,131 122,018 107,542 (6,902) 431 (6,471) 156 4,523 4,537 1,842 215 13,562 115,547 107,542 791 5,265 4,879 803 202 14,985 144,020 115,116 . 59 COUNTY OF CONTRA COSTA . ROAD SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EA'PENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . On Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: Taxes S 15,465 15,465 15,079 . Use of money and property 973 1,595 622 1,318 Intergovernmental 11,977 12,725 748 7,571 Charges for services 1,248 1,333 85 2,933 Otherrevenue 829 718 (III) 585 Total Revenues 30,492 31,836 1,344 27,486 . Expenditures: Public Ways and Facilities ■ Services and supplies 46,801 24,353 22,448 24,514 Other charges 813 18 795 280 Fixed assets 584 584 419 Reserves 133 133 Total Expenditures 48.331 24,955 23,376 25,213 Excess(Deficiency)of Revenues Over (Under)Expenditures (17,839) 6,881 24,720 2,273 ■ Other Financing Sources: Operating transfers in 82 82 44 ■ Total Other Financing Sources 82 82 44 Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) Expenditures (17,757) 6,963 24,720 2,317 Fund Balance at Beginning of Year 26,804 26,804 24,487 Fund Balance at End of Year $ 9,047 33,767 24,720 26,804 60 . . COUNTY OF CONTRA COSTA LIBRARY SPECIAL REVENUE FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 . (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) . 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: . Tares $ 11,330 11,562 232 10,473 Use of money and property 7 7 7 Intergovernmental 2,947 2,991 44 3,450 Charges for services 530 515 (15) 488 Other revenue 570 856 286 720 Total Revenues 15,384 15,931 547 15,138 Expenditures: . General Government Fixed assets 1,102 30 1,072 138 . Total General Govermnent 1,102 30 1,072 138 Education . Salaries and benefits 9,370 9,083 287 8,473 Services and supplies 6,266 5,161 1,105 5,456 Fixed assets 272 192 80 104 Total Education 15,908 14,436 1,472 14,033 Total Expenditures 17,010 14,466 2,544 14,171 Excess(Deficiency)of Revenues Over (Under)Expenditures (1,626) 1,465 3,091 . 967 Other Financing Sources(Uses): Operating transfers in 229 229 668 Operating transfers out (469) (469) (466) Total Other Financing Sources(Uses) (240) (240) 202 Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (1,866) 1,225 3,091 1,169 . Fund Balance at Beginning of Year 5,271 5,271 4,102 Fund Balance at End of Year $ 3,405 6,496 3,091 5,271 ■ . 61 COUNTY OF CONTRA COSTA ■ FIRE PROTECTION SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30..200 1. (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual ■ Revenues: Tares $ 52,385 57.241 4,856 50,522 ■ Licenses,permits and fianchise fees 197 235 38 214 Use of money and property 80 828 748. 501 Intergovemmental 1,002 2,282 1,280 2,165 ■ Charges for services 1,624 2,082 458 1010 Other revenue 1,998 1,367 (631) 2,604 ■ Total Revenues 57,286 64,035 6,749 58,016 Expenditures: ■ Current: Public Protection ■ Salaries and benefits 47,095 45,337 1,758 40,724 Services and supplies 10,731 7,800 2,931 6,348 Other charges 3,501 24 3,477 1,017 ■ Fixed assets 4,599 2,374 2,225 4,441 Total Public Protection 65,926 55,535 10,391 52,530 Debt service: ■ Principal 432 Total Expenditures 65,926 55,535 10,391 52,962 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (8,640) 8.500 17.140 5.054 Other Financing Sources: Operating transfers in 112 112 36 Total Other Financing Sources 112 112 36 Excess(Deficiency)of Revenues and Other ■ Financing Sources Over(Under) Expenditures (8.528) 8,612 17,140 5,090 Fund Balance at Beginning of Year 20,518 20,518 15,428 ■ Fund Balance at End of Year $ 11.990 29,130 17,140 20,518 i ■ ■ 62 ■ . COUNTY OF CONTRA COSTA HEALTH AND SANITATION SPECIAL REVENUE FUNDS . STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 ■ (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: . Taxes $ 4,389 4,389 4,359 Fines,forfeitures and penalties 874 885 11 951 Use of money and property 23 23 10 . Intergovemmental 2,116 3,735 1,619 2,690 Charges for services 90 90 90 Other revenue (5) 5 6 Total Revenues 7,487 9,122 1,635 8,106 Expenditures: Current: . Health and Sanitation Salaries and benefits 234 125 109 226 Services and supplies 7,920 6,856 1,064 7,250 ■ Other charges 296 247 49 209 Fixed assets 82 31 51 16 Total Health and Sanitation 81532 7,259 1,273 7,701 Debt service: Principal 60 60 72 Interest 10 10 14 Total Expenditures 8,602 7,329 1,273 7,787 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (1,115) 1,793 2,908 319 ■ Other Financing Uses: Operating transfers out (107) (107) (5) Total Other Financing Uses (107) (107) (5) . Excess(Deficiency)of Revenues Over (Under)Expenditures and Other Financing Uses (1,222) 1,686 2,908 314 Fund Balance at Beginning of Year 1,224 1,224 910 Fund Balance at End of Year $ 2 2,910 2,908 1,224 ■ i 63 COUNTY OF CONTRA COSTA SERVICE AREAS SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN . FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual . Revenues: Taxes $ 2,749 2,889 140 2,643 , Licenses,permits and franchise fees 5 21 16 10 Use of money and property 414 529 115 527 Intergovernmental 1,138 1,244 106 1,368 . Charges for services 1,362 2,805 1,443 2,115 Other revenue 50 68 18 7.5 Total Revenues 5,718 7,556 1,838 6,738 Expenditures: ■ Current: Public Protection ■ Services and supplies 7,414 3,894 3,520 3,308 Other charges 148 51 97 653 Fixed assets 1,556 114 1442 7 ■ Reserves 56 56 Total Public Protection 9,174 4,059 5,115 3,968 Education Services and supplies 77 2 75 2 Other charges 9 9 36 Total Education 86 2 84 38 Public Ways and Facilities Salaries and benefits 1 1 1. . Services and supplies 1,686 782 904 593 Other charges 1,172 1,026 146 1,124 ■ Fixed assets 560 560 95 Total Public Ways and Facilities 3,419 1,809 1,610 1,813 (continued) r i 64 r . COUNTY OF CONTRA COSTA SERVICE AREAS SPECIAL REVENUE FUNDS . STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 . (With Comparative totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 . Variance- Favorable 1999-2000 . Budget Actual (Unfavorable) Actual Recreation and Culture . Salaries and benefits 2 2 1 Services and supplies 437 357 80 243 Other charges 15 15 14 . Fixed assets 2,034 52 1,982 361 Total Recreation and Culture 2,488 426 2,062 619 Debt service: Principal l I . Total Expenditures 15,167 6,296 8,871 6,449 Excess(Deficiency)of Revenues Over (Under)Expenditures (9,449) 1,260 10,709 289 . Other Financing Sources(Uses): Operating transfers in 10 10 43 Operating transfers out (136) (136) Total Other Financing Sources(Uses) (126) (126) 43 . Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (9,575) 1,134 10,709 332 Fund Balance at Beginning of Year 10,710 10,710 10,377 . Residual equity transfers in I Fund Balance at End of Year S 1,135 11,844 10,709 10,710 (concluded) . 65 COUNTY OF CONTRA COSTA . FLOOD CONTROL SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN . FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (in Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual . Revenues: Tares $ 4,268 4,654 386 4,226 ■ Licenses,permits and franchise fees 2,287 2,185 (102) 3,345 Use of money and property 226 700 474 906 Intergovernmental 500 143 (357) 141 ■ Charges for services 9,689 10,347 658 9,194 Other revenue 3,147 3,658 511 417 Total Revenues 20,117 21,687 1,570 18,229 Expenditures: Current: • Public Protection Salaries and benefits 2 2 2 . Services and supplies 18,926 15,171 3,755 15,669 Other charges 6,601 3,666 2,935 1,904 . Fixed assets 66 44 22 Reserves 733 733 Total Public Protection 26,328 18,883 7,445 17,575 . Debt service: Principal 658 658 1,624 Interest 258 258 . Total Expenditures 27,244 19,799 7,445 19,199 Excess(Deficiency)of Revenues Over . (Under)Expenditures (7,127) 1,888 9,015 (970) Other Financing Sources(Uses): . Operating transfers in 186 Operating transfers out (719) (719) (805) Total Other Financing Sources(Uses) (719) (719) (619) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) . Expenditures and Other Financing Uses (7,846) 1,169 9,015 (1,589) Fund Balance at Beginning of Year 14,501 14,501 16,090 Fund Balance at End of Year $ 6,655 15,670 9,015 14,501 66 . COUNTY OF CONTRA COSTA LAW ENFORCEMENT SPECIAL REVENUE FUNDS . STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 . (With Comparative Totals for the Year Ended June 30,2000) (Ln Thousands) 2000-2001 Variance- Favorable 1999-2000 ■ Budget Actual (Unfavorable) Actual Revenues: . Taxes $ 4,795 4,387 (408) 4,477 Fines.forfeitures and penalties 359 607 248 468 Use of money and property 77 632 555 605 . Intergovernmental 3,484 7,170 3,686 3,345 Charges for services 131 233 102 234 Other revenue 145 396 251 531 Total Revenues 8,991 13,425 4,434 9,660 Expenditures: General Government Services and supplies 501 5 496 71 . Fixed assets 829 829 43 Total General Government 1,330 5 1,325 114 Public Protection Salaries and benefits 1,299 1,228 71 1,277 Services and supplies 8,782 4,300 4,482 1,200 Other charges 4,015 2,701 1,314 2,440 Fixed assets 165 38 127 22 Total Public Protection 14,261 8,267 5,994 4,939 Total Expenditures 15,591 8,272 7,319 5,053 . Excess(Deficiency)of Revenues Over (Under)Expenditures (6,600) 5,153 11,753 4,607 Other Financing Sources(Uses): Operating transfers in 624 624 1,386 Operating transfers out (183) (183) (7,916) . Total Other Financing Sources(Uses) 441 441 (6,530) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) . Expenditures and Other Financing Uses (6,159) 5,594 11,753 (1,923) Fund Balance at Beginning of Year 11,684 11,684 13,607 Fund Balance at End of Year $ 5,525 17,278 11,753 11,684 . 67 COUNTY OF CONTRA COSTA COURTS AND CRIMINAL JUSTICE SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 Variance- ■ Favorable 1999-2000 Budget Actual (Unfavorable) Actual ■ Revenues: Fines,forfeitures and penalties $ 2,191 2,402 211 2,513 ■ Use of money and property 8 8 9 Other revenue 328 328 Total Revenues 2,191 2.738 547 2,522 ■ Expenditures: ■ General Government Services and supplies 246 1 245 765 Total Expenditures 246 L 245 765 Excess(Deficiency)of Revenues Over ■ (Under)Expenditures 1,945 2,737 792 1,757 Other Financing Uses: Operating transfers out (2,102) (2,102) (1,674) Total Other Financing Uses (2,102) (2,102) (1,674) Excess(Deficiency)of Revenues Over (Under)Expenditures and Other Financing Uses (157) 635 792 83 . Fund Balance at Beginning of Year 156 156 73 Fund Balance at End of Year $ (1) 791 792 156 ■ r ■ ■ ■ ■ 68 ■ ■ COUNTY OF CONTRA COSTA RECORDER(CLERK MODERNIZATION SPECIAL REVENUE FUNDS ■ STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 ■ (With Comparative Totals for the Year Ended June 30,2000) (in Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 ■ Budget Actual (Unfavorable) Actual Revenues: . Charges for services $ 1,270 2,045 775 1,523 Expenditures: ■ Public Protection Salaries and benefits 618 413 205 456 ■ Services and supplies 4,111 696 3,415 357 Fixed assets 1,022 163 859 84 ■ Total Expenditures 5,751 1,272 4,479 897 Excess(Deficiency)of Revenues Over (Under)Expenditures (4,481) 773 5,254 626 ■ Other Financing Uses: Operating transfers out (31) (31) (24) ■ Total Other Financing Uses (31) (31) (24) Excess(Deficiency)of Revenues Over . (Under)Expenditures and Other Financing Uses (4,512) 742 5,254 602 . Fund Balance at Beginning of Year 4,523 4,523 3,921 Fund Balance at End of Year $ 11 5,265 5,254 4,523 ■ ■ ■ r ■ ■ ■ . 69 COUNTY OF CONTRA COSTA ■ LAND DEVELOPMENT SPECIAL REVENUE FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (In Thousands) 2000-2001 Variance- • Favorable 1999-2000 Budget Actual (Unfavorable) Actual ■ Revenues: Licenses,permits and franchise fees S 10,082 8,375 (1,707) 8,099 Use of money and property 741 928 187 770 Intergovernmental 16 16 44 Charges for services 6,446 6,386 (60) 5,222 . Other revenue 106 1,127 1,021 470 Total Revenues 17,375 16,832 (543) 14,605 Expenditures: Current: . Public Protection Salaries and benefits 6,094 5,552 542 4,336 Services and supplies 10,921 7,125 3,796 6,477 Other charges 89 89 32 Fixed assets 455 298 157 491 Expenditure transfers (138) (414) 276 (452) Total Public Protection 17,421 12,561 4,860 10,884 Public Ways and Facilities . Services and supplies 3,757 3,755 2 3,318 Other charges 55 55 24 ■ Total Public Ways and Facilities 3,812 3,755 57 3,342 Debt service: Principal 34 34 Interest 2 2 Total Expenditures 21,269 16,352 4,917 14,226 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (3,894) 480 4,374 379 Other Financing Sources(Uses): Operating transfers in 200 200 215 Operating transfers out (334) (338) (4) (453) Total Other Financing Sources(Uses) (134) (138) (4) (238) Excess(Deficiency)of Revenues and Other , Financing Sources Over(Under) Expenditures and Other Financing Uses (4,028) 342 4,370 141 Fund Balance at Beginning of Year 4,537 4,537 4,396 Fund Balance at End of Year S 509 4,879 4,370 4,537 ■ 70 . COUNTY OF CONTRA COSTA REDEVELOPMENT AGENCY SPECIAL REVENUE FUNDS ■ STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 ■ (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: . Taxes $ 1,393 1,400 7 1,388 Use of money and property 102 406 304 211 Intergovernmental 250 26 (224) 164 Other revenue 2,701 (2,701) Total Revenues 4,446 1,832 (2,614) 1,763 . Expenditures: Current: Public Assistance Services and supplies 150 16 134 l l8 . Other charges 475 132 343 Fixed assets 7,641 2,398 5,243 1,228 Total Public Assistance 8,266 2,546 5.720 1,346 Debt service: Interest 85 84 1 77 . Total Expenditures 8,351 2,630 5,721 1,423 Excess(Deficiency)of Revenues Over (Under)Expenditures (3,905) (798) 3,107 340 Other Financing Sources(Uses): Operating transfers in 61 Operating transfers out (241) (241) (177) Total Other Financing Sources(Uses) (241) (241) (1 16) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) . Expenditures and Other Financing Uses (3,905) (1,039) 2,866 224 Fund Balance at Beginning of Year 1,842 1,842 1,618 Fund Balance at End of Year S (2,063) 803 2,866 1,842 ■ 71 COUNTY OF CONTRA COSTA . CHILD DEVELOPMENT SPECIAL REVENUE FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: Use of money and property $ 64 . Intergovernmental 6,762 6,996 234 5,895 Other revenue 5 5 1 Total Revenues 6,762 7,001 239 5,960 Expenditures: . Public Assistance Salaries and benefits 3,511 3,252 259 3,274 Services and supplies 3,375 3,375 1,699 Fixed assets 22 Expenditure transfers 225 225 1,115 Total Expenditures 7,111 6,852 259 6,110 , Excess(Deficiency)of Revenues Over (Under)Expenditures (349) 149 498 (150) Other Financing Uses: Operating transfers out (162) (162) (131) Total Other Financing Uses (162) (162) (131) Excess(Deficiency)of Revenues Over (Under)Expenditures and Other Financing Uses (511) (13) 498 (281) Fund Balance at Beginning of Year 215 215 496 ■ Fund Balance at End of Year $ (296) 202 498 215 ■ 72 ■ ■ COUNTY OF CONTRA COSTA IN-HOME SUPPORTIVE SERVICES PUBLIC AUTHORITY SPECIAL REVENUE FUND ■ STATEMENT OF REVENUES,EXPENDITURES AND CHANCES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) Gn Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 ■ Budget Actual (Unfavorable) Actual Revenues: ■ Intergovernmental $ 674 661 (13) Charges for services 4 4 Other revenue 4 4 ■ Total Revenues 674 669 (5) ■ Expenditures: Public Assistance Salaries and benefits 350 345 5 ■ Services and supplies 324 324 Total Expenditures 674 669 5 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures ■ Fund Balance at Beginning of Year Fund Balance at End of Year $ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 73 COUNTY OF CONTRA COSTA ■ OTHER SPECIAL REVENUE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: ■ Taxes S 228 285 57 259 Licenses,permits and franchise fees 103 110 7 104 Fines,forfeitures and penalties 5 38 33 39 ■ Use of money and property 2,797 1,686 (1,111) 2,859 Intergovernmental 63 139 76 6 Charges for services 400 1,256 856 509 Other revenue 75 75 697 Total Revenues 3,596 3,589 (7) 4,473 Expenditures: ■ Current: General Government Services and supplies 543 94 449 21 ■ Total General Government 543 94 449 21 Public Protection ■ Services and supplies 1,072 229 843 535 Other charges 12 7 5 13 Total Public Protection 1,084 236 848 548 ■ Public Assistance Salaries and benefits 4 4 3 Services and supplies 5,584 363 5,221 203 ■ Other charges 5 5 Fixed assets 806 Total Public Assistance 5,593 363 5,230 1,012 . Debt service: Interest 1,713 Capital outlay: ■ Services and supplies 2,710 (2) 2,712 Other charges 1,580 724 856 ■ Total Expenditures 11,510 1,415 10,095 3,294 Excess(Deficiency)of Revenues Over (Under)Expenditures (7,914) 2,174 10,088 1,179 . Other Financing Uses: Operating transfers out (751) (751) (85) Total Other Financing Uses (751) (751) (85) . Excess(Deficiency)of Revenues Over (Under)Expenditures and Other Financing Uses (8,665) 1,423 10,088 1,094 , Fund Balances at Beginning of Year, as Previously Reported 13,131 13,131 12,037 ■ Adjustments to beginning fund balance 431 431 Fund Balances at Beginning of Year, as Restated 13,131 13,562 431 12,037 . Fund Balance at End of Year S 4,466 14,985 10,519 13,131 74 . ■ DEBT SERVICE FUNDS RECREATION AND PARK BONDS FUND This Fund is used to accumulate monies for payment of recreation and park bonds. Financing is provided by specific property tax levies. STORM DRAINAGE BONDS FUND . This Fund is used to accumulate monies for payment of storm drainage bonds. Financing is provided by specific property tax levies. PUBLIC FINANCING AUTHORITY FUNDS These Funds are used to accumulate resources for payment of general long-term debt incurred for the various financing ■ activities of the County of Contra Costa Public Financing Authority. PUBLIC FACILITIES CORPORATION FUNDS . These Funds are used to accumulate resources for payment of general long-term debt incurred for the various financing activities of the County of Contra Costa Public Facilities Corporation. • REDEVELOPMENT AGENCY (RDA) FUNDS These Funds are used to accumulate resources for payment of general long-term debt incurred for the purchase of real property within the area of the Redevelopment Agency. . PENSION BOND FUND This Fund is used to accumulate monies for payment of taxable pension obligation bonds. These bonds were issued to reduce or extinguish the County's Unfunded Actuarial Accrued Liability(UAAL). ASSESSMENT DISTRICTS FUNDS These Funds were established to account for the accumulation of monies for payment of Assessment District debt issued to fund Assessment District capital improvement projects. . 75 COUNTY OF CONTRA COSTA . DEBT SERVICE FUNDS COMBINING BALANCE SHEET . JUNE 30,2001 (With Comparative Totals for June 30,2000) (In Thousands) ■ Recreation Storm Public Public and Park Drainage Financing Facilities Bonds Bonds Authority Corporation RDA Assets: Cash and investments $ 17 1 42,139 4,267 6,910 Accounts receivable and accrued revenue 7 182 71 Due from other funds . Prepaid items and deposits Total Assets S 24 1 42,321 4,267 6,981 Liabilities and Fund Equity: Liabilities: Accounts payable and accrued liabilities $ 252 1,105 Due to other funds 343 Advances from other funds 87 Total Liabilities 252 1,535 Fund Equity: . Fund balance: Reserved Prepaid items and deposits . Debt service 24 1 5,287 4,015 5,446 Total fund balance -Reserved 24 1 5,287 4,015 5,446 Unreserved Designated for future projects 37,034 Total fund balance -Unreserved 37,034 ■ Total Fund Equity 24 1 42,321 4,015 5,446 Total Liabilities and Fund Equity S 24 1 42,321 4,267 6,981 76 . ■ Pension Assessment Totals Bond Districts 2001 2000 ■ 8,045 4,817 66,196 49,187 103 7 370 1,270 . 2,483 2,483 2,728 624 10,631 4,824 69,049 53,809 ■ 70 1,427 1,689 1.575 1,918 977 . 87 1,575 70 3,432 2,666 . 624 9,056 4,754 28,583 23,447 9,056 4,754 28,583 24,071 37,034 27,072 37,034 27,072 9,056 4,754 65,617 51,143 ■ 10,631 4,824 69,049 53,809 ■ ■ 77 COUNTY OF CONTRA COSTA , DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES ■ AND CHANGES IN FUND BALANCES YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) ■ Recreation Storm Public Public and Park Drainage Financing Facilities ■ Bonds Bonds Authority Corporation RDA Revenues: Taxes $ 525 7 2,766 . Use of money and property 3,645 895 398 Intergovernmental 9 Charges for services . Other revenue Total Revenues 534 7 3,645 895 3,164 Expenditures: i Current: Public Assistance 641 Debt service: Principal 425 5 3,979 2,030 665 Bond issuance cost 1,330 . Refunding bond issuance cost 266 Payment to refunded bond escrow agent 1,595 Interest 104 1 5,860 1,778 2,596 Capital outlay: Services and supplies 2 Other charges Fixed assets 9,075 1,640 ■ Total Expenditures 531 6 22,105 5,448 3,902 Excess(Deficiency)of Revenues Over (Under)Expenditures 3 1 (18,460) (4,553) (738) Other Financing Sources(Uses): Operating transfers in 9,848 3,710 650 Operating transfers out Proceeds of refunding bonds 6,575 Proceeds from issuance of debt 17,679 Payment to refund bonds Payment to refunded bond escrow agent (5,976) Total Other Financing Sources(Uses) 28,126 3,710 650 . Excess(Deficiency)of Revenues and Other Financing Sources Over(Under)Expenditures and Other Financing Uses 3 1 9,666 (843) (88) ■ Fund Balances at Beginning of Year, as Previously Reported 21 32,655 4,858 5,621 Adjustments to beginning fund balances (87) Fund Balances at Beginning of Year, as Restated 21 32,655 4,858 5,534 Residual equity transfers out ■ Fund Balances at End of Year $ 24 l 42,321 4,015 5,446 ■ 78 . ■ . Pension Assessment Totals Bond Districts 2001 2000 . 3,728 7,026 6.783 9,471 232 14,641 9,571 9 9 1,319 1,319 1,356 237 237 282 ■ 10,790 4,197 23,232 18,001 ■ 641 11 15,300 1,946 24,350 18.958 . 313 1,643 1,615 1,881 1,595 . 18,225 1,369 29,933 33,579 7 33 42 25 534 534 435 ■ 10,715 5,490 35,147 4,195 71,334 58,498 (24,357) 2 (48,102) (40,497) . 28,939 43,147 38,550 (1,595) (1,595) 106,814 113,389 1,218 18,897 (94,944) (94,944) (10,255) (16,231) 30,554 (377) 62,663 38,550 6,197 (375) 14,561 (1,947) 2,859 5,129 51,143 53,278 (87) 2,859 5,129 51,056 53,278 . (199) 9,056 4,754 65,617 51,132 ■ . 79 COUNTY OF CONTRA COSTA ■ RECREATION AND PARK BONDS DEBT SERVICE FUND STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual ■ Revenues: Tates $ 529 525 (4) 525 ■ Intergovemmental 5 9 4 9 Total Revenues 534 534 534 ■ Expenditures: Debt service: ■ Principal 425 425 405 Interest 119 104 15 124 ■ Capital outlay: Services and supplies 11 2 9 2 Total Expenditures 555 531 24 531 ■ Excess(Deficiency)of Revenues Over ■ (Under)Expenditures (21) 3 24 3 Fund Balance at Beginning of Year 21 21 18 Fund Balance at End of Year $ 24 24 21 ■ ■ ■ ■ ■ ■ ■ ■ ■ 80 ■ ■ COUNTY OF CONTRA COSTA STORM DRAINAGE BONDS DEBT SERVICE FUND . STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED NNE 30,2001 ■ (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 ■ Budget Actual (Unfavorable) Actual Revenues: ■ Taxes $ 6 7 1 6 Expenditures: ■ Debt service: Principal 5 5 5 Interest 1 Total Expenditures 6 6 6 Excess of Revenues Over Expenditures I I Fund Balance at Beginning of Year Fund Balance at End of Year $ I 1 ■ ■ ■ 81 COUNTY OF CONTRA COSTA ■ REDEVELOPMENT AGENCY DEBT SERVICE FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) ■ (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual ■ Revenues: Taxes $ 2,768 2,766 (2) 2,837 ■ Use of money and property 221 398 177 332 Total Revenues 2,989 3,164 175 3,169 ■ Expenditures: Current: ■ Public Assistance Other charges 2 641 (639) 11 ■ Total Public Assistance 2 641 (639) 11 Debt service: Principal 665 665 560 ■ Interest 2,633 2,596 37 3,193 Total Expenditures 3,300 3,902 (602) 3,764 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (311) (738) (427) (595) ■ Other Financing Sources: " Operating transfers in 650 650 329 ■ Total Other Financing Sources 650 650 329 Excess(Deficiency)of Revenues and Other ■ Financing Sources Over(Under) Expenditures (311) (88) 223 (266) Fund Balance at Beginning of Year, ■ as Previously Reported 5,621 5,621 5,887 Adjustments to beginning fund balance (87) (87) Fund Balance at Beginning of Year, as Restated 5,621 5,534 (87) 5,887 Fund Balance at End of Year $ 5,310 5,446 136 5,621 ■ r ■ ■ 82 ■ COUNTY OF CONTRA COSTA PENSION BOND DEBT SERVICE FUND . STATEMENT OF REVENUES,EXTENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 ■ (With Comparative Totals for the Year Ended June 30,2000) (In Thousands) . 2000-2001 Variance- Favorable 1999-2000 ■ Budget Actual (Unfavorable) Actual Revenues: Use of money and property $ 1,063 9,471 8,408 1,326 Charges for services 1,319 1,319 1,356 . Total Revenues 1,063 10,790 9,727 2,682 Expenditures: iDebt service: Principal 15,300 15,300 10,915 ■ Refunding bond issuance cost 1,615 (1,615) Interest 18,252 18,225 27 20,827 Capital outlay: . Services and supplies 9 7 2 4 Total Expenditures 33,561 35,147 (1,586) 31,746 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (32,498) (24,357) 8,141 (29,064) Other Financing Sources(Uses): Operating transfers in 29,639 28,939 (700) 30,788 Proceeds of refunding bonds 106,814 106,814 Payment to refund bonds (94,944) (94,944) Payment to refunded bond escrow agent (10,255) (10,255) . Total Other Financing Sources(Uses) 29,639 30,554 915 30,788 Excess(Deficiency)of Revenues and Other Financing Sources Over(Under)Expenditures ■ and Other Financing Uses (2,859) 6,197 9,056 1,724 Fund Balance at Beginning of Year 2,859 2,859 1,135 Fund Balance at End of Year $ 9,056 9,056 2,859 ■ 83 r ■ ■ r ■ r r i dp do 09 4? O`S%.q'CQU�� r ■ r r r r r r ■ ■ CAPITAL PROJECTS FUNDS REDEVELOPMENT AGENCY (RDA) FUNDS ■ The Redevelopment Agency was formed for the acquisition of real property and construction of improvements thereon in the County's unincorporated areas for the purpose of removing or preventing blight. ■ COUNTY FACILITIES FUNDS ■ These Funds are used to report improvements to Juvenile Hall facilities and other miscellaneous capital projects. ASSESSMENT DISTRICTS FUNDS ■ These Funds were established to account for all the capital improvement projects constructed using Assessment District funds. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 85 COUNTY OF CONTRA COSTA CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET . JUNE 30,2001 (With Comparative Totals for June 30,2000) (In Thousands) . Redevelopment County Assessment Totals Agency Facilities Districts 2001 2000 Assets: Cash and investments S 38,078 284 9,774 48,136 46,687 . Accounts receivable and accrued revenue 56 1 57 69 Due from other funds 474 1 475 28 Notes receivable 1,260 Land held for resale 1,849 Total Assets $ 38,608 285 9,775 48,668 49,893 . Liabilities and Fund Equity: Liabilities: . Accounts payable and accrued liabilities S 147 107 1 255 161 Due to other funds 233 233 322 Advances from other funds 800 800 777 ■ Deferred revenue and credits 1,322 Total Liabilities 1,180 107 1 1,288 2,582 ■ Fund Equity: Fund balance: Reserved Encumbrances 131 131 79 Land held for resale 1,849 Total fund balance-Reserved 131 131 1,928 Unreserved . Designated for future projects 37,297 37,297 41,557 Undesignated 178 9,774 9,952 3,826 Total fund balance -Unreserved 37,297 178 9,774 47,249 45,383 ■ Total Fund Equity 37,428 178 9,774 47,380 47,311 Total Liabilities and Fund Equity S 38,608 285 9,775 48,668 49,893. ■ 86 ■ . COUNTY OF CONTRA COSTA CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (in Thousands) Redevelopment County Assessment Totals Agency Facilities Districts 2001 2000 Revenues: . Taxes S 2,833 2,833 2,713 Use of money and property 2,395 13 212 2,620 2,283 Intergovernmental 354 354 5 Other revenue 249 249 39 . Total Revenues 5,831 13 212 6,056 5,040 Expenditures: ■ Current: Public Assistance 9,843 9,843 1,844 Debt service: Principal 164 164 250 Interest 23 23 27 Capital outlay: ■ Services and supplies 70 70 11 Fixed assets 1,449 29 1,478 2,888 Total Expenditures 11,479 70 29 11,578 5,020 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (5,648) (57) 183 (5,522) 20 Other Financing Sources(Uses): Operating transfers in 56 56 Operating transfers out (465) (465) (212) Proceeds from issuance of debt 6,000 6,000 Total Other Financing Sources(Uses) (409) 6,000 5,591 (212) Excess(Deficiency)of Revenues and Other . Financing Sources Over(Under)Expenditures and Other Financing Uses (6,057) (57) 6,183 69 (192) ■ Fund Balances at Beginning of Year 43,485 235 3,591 47,311 47,503 Fund Balances at End of Year S 37,428 178 9,774 47,380 47,311 ■ 87 COUNTY OF CONTRA COSTA REDEVELOPMENT AGENCY CAPITAL PROJECTS FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN ■ FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) . (In Thousands) 2000-2001 Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual . Revenues: Taxes $ 2,786 2,833 47 2,713 ■ Use of money and property 427 2,395 1,968 2,083 Intergovernmental 354 354 5 Other revenue 242 249 7 39 . Total Revenues 1455 5,831 2,376 4,840 Expenditures: Cttrrent: Public Assistance Other charges 2,460 9,843 (7,383) 1,844 Total Public Assistance 2,460 9,843 (7,383) 1,844 ■ Debt service: Principal 165 164 1 250 . Interest 24 23 1 27 Capital outlay: Other charges 3,850 3,850 Fixed assets 30.087 1,449 28,638 2,821 Total Expenditures 36,586 11,479 25,107 4,942 ■ Excess(Deficiency)of Revenues Over (Under)Expenditures (33,131) (5,648) 27,483 (102) Other Financing Sources(Uses): ■ Operating transfers in 56 56 Operating transfers out (465) (465) (212) Total Other Financing Sources(Uses) (409) (409) (212) Excess(Deficiency)of Revenues and Other Financing Sources Over(Under) Expenditures and Other Financing Uses (33,131) (6,057) 27,074 (314) Fund Balance at Beginning of Year 43,485 43,485 43,799 Fund Balance at End of Year $ 10,354 37,428 27,074 43,485 ■ 88 . ■ COUNTY OF CONTRA COSTA COUNTY FACILITIES CAPITAL PROJECTS FUNDS STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL YEAR ENDED JUNE 30,2001 . (With Comparative Totals for the Year Ended June 30,2000) (in Thousands) 2000-2001 ■ Variance- Favorable 1999-2000 Budget Actual (Unfavorable) Actual Revenues: . Use of money and property $ 13 13 13 Total Revenues 13 13 13 Expenditures: Capital outlay: Services and supplies 235 70 165 11 Total Expenditures 235 70 165 11 Excess(Deficiency)of Revenues Over (Under)Expenditures (235) (57) 178 2 Fund Balance at Beginning of Year 235 235 233 Fund Balance at End of Year $ 178 178 235 ■ ■ . 89 t , 1 °SQA_c013�"�' ■ ■ 1 1 1 ■ ■ . ENTERPRISE FUNDS AIRPORT FUND ■ This Fund was established to provide for operations and maintenance of Buchanan Field aviation facilities and Byron Airport, and improvements at the Byron Airport. Revenues include receipts under rental and lease arrangements . involving County airport facilities,and State and Federal aid. HOUSING AUTHORITY FUND . This Fund is used to account for the financial resources designated for housing and housing assistance to low income residents of Contra Costa County. Previously, the Housing Authority was reported in the Special Revenue and Debt ■ Service Funds,General Fixed Assets Account Group,and General Long Term Obligations Account Group. COUNTS' HOSPITAL FUND This Fund was established to account for operations of the County hospital, outpatient clinics and other facilities involved in providing health services to County residents. Revenues are principally fees for patient services, payments from Federal and State programs such as Medicare, Medi-Cal and Short-Doyle, realignment revenues and subsidies from the General Fund. • HEALTH MAINTENANCE ORGANIZATION FUND This Fund accounts for operations of the County's prepaid health plan. Revenues are primarily capitation payments by Medicare and Medi-Cal, premiums by private citizens and realignment revenues. The bulk of medical services required by the plan are provided by the County Hospital Enterprise Fund at charge rates established by the Health Services Department. MAJOR RISK MEDICAL INSURANCE FUND This Fund accounts for operations of the County's participation in the State's Major Risk Medical Insurance Program. The Program is designed to provide health insurance to Californians who are unable to obtain coverage on the open market. The Contra Costa Health Plan acts as the fiscal intermediary for the State. The County is not at risk for the costs of services in the Program, which is funded through a combination of subscriber premiums and State funding from . tobacco tax monies. Program activities are reported in this Enterprise Fund. . 91 COUNTY OF CONTRA COSTA ■ ENTERPRISE FUNDS COMBINING BALANCE SHEET . JUNE 30,2001 (In Tbousands) ■ Housing County Airport Authority Hospital ■ Assets: Cash and investments $ 1,016 8,110 70,809 Accounts receivable and accrued revenue 13 1,596 26,650 Inventories 17 1,063 Due from other funds 102 12,420 Notes receivable 1,826 Prepaid items and deposits 58 183 3.736 Fixed assets,net 28,126 19,176 138,656 . Total Assets $ 29,332 30,891 253,334 Liabilities and Fund Equity: ■ Liabilities: Accounts payable and accrued liabilities S 235 2,456 18,098 . Employee benefits payable 54 289 5,908 Due to other funds 103 31,477 Capital lease obligations 2,714 2 Certificates of participation,net 120,893 Deferred revenue and credits 1,781 21,313 Other bonds and notes payable 859 32,077 . Total Liabilities 3,965 4,526 229,768 Fund Equity: Contributed capital 23,574 694 Retained earnings: Reserved for debt service 10,535 Unreserved 1,793 26,365 12,337 Total Fund Equity 25,367 26,365 23,566 Total Liabilities and Fund Equity $ 29,332 30,891 253,334 *Housing Authority Fund reported as of March 31,2001 . ■ 92 ■ Health Major Maintenance Risk Medical Organization Insurance Totals 13,28() 93,215 4,071 751 33,081 1,080 ■ 9,629 22,151 1,826 158 4,135 35 185,993 27,173 751 341,481 13,826 I 34,616 271 6,522 7,790 657 40,027 . 2,716 120,893 23,094 32,936 21,887 658 260,804 ■ 1,000 25,268 10,535 4,286 93 44,874 5,286 93 80,677 27,173 751 341,481 r . 93 COUNTY OF CONTRA COSTA ■ ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES,EXPENSES ■ AND CHANGES IN RETAINED EARNINGS YEAR ENDED JUNE 30,2001 (In Thousands) Housing County Airport Authority Hospital Operating Revenues: Rental revenue $ 3,432 ■ Intergoverrunental 50,183 6,907 Charges for services 2,918 203,674 Other revenue 157 2,282 . Total Operating Revenues 3,075 55,897 210,581 Operating Expenses: Salaries and employee benefits 937 125,201 Services and supplies 880 6,820 60,551 Other charges 5 4,717 6,184 Housing assistance 41,206 Depreciation 1,607 2,752 7,331 Total Operating Expenses 3,429 55,495 199,267 1 Operating Income(Loss) (354) 402 11,314 Nonoperating Revenues(Expenses): ■ Interest income 252 Interest expense (271) (7,405) Loss on disposal of fixed assets (135) Total Nonoperating Revenues(Expenses) (271) 252 (7,540) Income(Loss)Before Capital Contributions and . Operating Transfers (625) 654 3,774 Capital contributions 1,574 Operating transfers in 25,386 Operating transfers out (50) (28,228) Net Income(Loss) 899 654 932 Add depreciation on contributed capital 1,293 27 Increase(Decrease)in Retained Earnings 2,192 654 959 Retained Earnings at Beginning of Year, as Previously Reported (399) 21,913 Adjustments to beginning retained earnings 25,711 Retained Earnings at Beginning of Year, as Restated (399) 25,711 21,913 Retained Earnings at End of Year $ 1,793 26,365 22,872 . *Housing Authority Fund reported as of March 31,2001 94 . ■ ■ ■ Major Health Risk . Maintenance Medical Organization Insurance Total 3,432 12,828 69,918 82,260 1,064 289,916 2,439 95,088 1,064 365,705 ■ 5,643 1,221 133,002 93,351 161,602 ■ 10,906 41,206 21 11,711 ■ 99,015 1,221 358,427 (3,927) (157) 7,278 ■ 252 (7,676) (135) (7,559) ■ (3,927) (157) (281) 1,574 4,577 29,963 (409) (28,687) 241 (157) 2,569 1,320 241 (157) 3,889 4,045 250 25,809 25,711 4,045 250 51,520 4,286 93 55,409 ■ ■ 95 COUNTY OF CONTRA COSTA ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS ■ YEAR ENDED JUNE 30,2001 (In Thousands) Housing ■ Airport Authority Operating Income(Loss) S (354) 402 Adjustments to Reconcile Operating Income(Loss) ■ to Net Cash Provided by(Used for)Operating Activities: Depreciation 1,607 2,752 Changes in assets and liabilities: Decrease(increase)in accounts receivable and accrued revenue 110 44 Decrease(increase)in inventories (14) Decrease(increase)in amounts due from other funds (8) ■ Decrease(increase)in prepaid items and deposits (I) (10) Decrease(increase)in notes receivable 473 Increase(decrease)in accounts payable and accrued liabilities (100) (2,962) Increase(decrease)in employee benefits payable 4 Increase(decrease)in amounts due to other funds 23 Increase(decrease)in deferred revenue and credits (629) Net Cash Provided by(Used for)Operating Activities 1,263 74 , Cash Flows from Noncapital Financing Activities: Operating transfers in ■ Operating transfers out (50) Net Cash Provided by(Used for)Noncapital Financing Activities (50) Cash Flows from Capital and Related Financing Activities: Proceeds from bonds Interest paid (271) Lease purchase obligation principal payment (362) Principal payments on bonds and certificates Principal payments on notes (55) Capital contributions 74 Acquisitions of fixed assets (5) (21789) Payment on other non-current obligations Net Cash Provided by(Used for)Capital and Related Financing Activities (619) (2,789) Cash Flows from Investing Activities: ■ Interest income 252 Net Cash Provided by Investing Activities 252 Net Increase(Decrease)in Cash and Cash Equivalents 594 (2,463) Cash and Cash Equivalents at Beginning of Year 422 10,573 Cash and Cash Equivalents at End of Year $ 1,016 8,110 Noncash Investing,Capital and Financing Activities: Contribution of fixed assets $ 1,500 *Housing Authority Fund reported as of March 31,2001 96 ■ Major Health Risk County Maintenance Medical Hospital Organization Insurance Total 11,314 (3,927) (157) 7,278 7,331 21 11,711 r2,117 (1,596) (728) (53) (64) (78) 10,333 3,998 2 14,325 36 25 473 (3,828) 149 (1) (6,742) 352 20 376 13,597 (9,448) 655 4,827 (6662) (1,291) . 40,526 (10,783) (229) 30,851 25,386 4,577 29,963 (28,228) (409) (28,687) (2,842) 4,168 1,276 24,205 24,205 (7,405) (7,676) (73) (18) (453) (3,255) (3,255) (55) 74 (17,930) (11) (20,735) 145 (145) • (4,603) (29) (8,040) 252 252 33,081 (6,644) (229) 24,339 37,728 19,924 229 68,876 70,809 13,280 93,215 1,500 97 or It — Ql — �aoal11 + a ....,.. e� NTy I a ♦� •� I r ■ ■ ■ ■ ■ ■ INTERNAL SERVICE FUNDS SELF-INSURANCE FUNDS ■ These Funds are established to account for administrative costs and for payments of claims under the various insurance programs. Revenues are primarily premiums paid by other operating funds and interest on investments. The insurance ■ programs are: Employee Dental Insurance ■ Employee Medical Insurance Long-Term Disability Insurance(Management Employees) ■ Workers'Compensation Insurance County General Fire Protection Automotive Liability Insurance ■ Public(General) Liability Insurance State Unemployment Insurance ■ Medical Liability Insurance Special District Property Insurance ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 99 COUNTY OF CONTRA COSTA ■ INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET ■ JUNE 30,2001 (With Comparative Totals for June 30,2000) (In Thousands) Workers' Compensation ■ Employee Employee Long-Term Insurance Dental Medical Disability County Insurance Insurance Insurance General Assets: Cash and investments S 1,620 1,169 2,833 36,845 ■ Accounts receivable and accrued revenue 77 944 Due from other funds 99 Total Assets $ 1,620 1,345 2,833 37,789 ■ Liabilities and Fund Equity: Liabilities: ■ Accounts payable and accrued liabilities S 472 448 43,235 Due to other funds 81 662 24 1,076 . Total Liabilities 553 662 472 44,311 Fund Equity(Deficit): ■ Retained earnings(deficit): Unreserved 1,067 683 2,361 (6,522) Total Fund Equity(Deficit) 1,067 683 2,361 (6,522) ■ Total Liabilities and Fund Equity(Deficit) $ 1,620 1,345 2,833 37,789 ■ ■ ■ ■ ■ ■ i i ■ 100 ■ ■ Workers' Compensation Special Insurance Automotive Public State Medical District Fire Liability Liability Unemployment Liability Property Totals Protection Insurance Insurance Insurance Insurance Insurance 2001 2000 7,772 1,783 26,859 1,988 1,772 667 83,308 77,541 97 88 74 6 1,286 1,675 36 2 137 3,892 ■ 7,869 1,819 26,947 2,062 1,778 669 84,731 83,108 6,316 1,491 19,255 221 8,583 80,021 80,337 . 69 9 225 20 27 20 2,213 1,739 6,385 1,500 19,480 241 8,610 20 82,234 82,076 1,484 319 7,467 1,821 6,832) 649 2,497 1,032 1,484 319 7,467 1,821 (6.832) 649 2,497 1,032 7,869 1,819 26,947 2,062 1,778 669 84,731 83,108 ■ ■ 101 .COUNTY OF CONTRA COSTA ■ INTERNAL SERVICE FUNDS COMBIN NG STATEMENT OF REVENUES,EXPENSES . AND CHANGES IN RETAINED EARNINGS(DEFICIT) YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended Jude 30,2000) . (In Thousands) Workers' Compensation Employee Employee Long-Term Insurance Dental Medical Disability County Insurance Insurance Insurance General Operating Revenues: intergovernmental $ Charges for services 6,314 1,282 13,168 Total Operating Revenues 6,314 1,282 13,168 Operating Expenses: ■ Salaries and employee benefits 790 Services and supplies 426 1262 96 2,561 . Benefit and claim expense 5,757 15,283 Total Operating Expenses 6,183 1,262 886 17,844 Operating income(Loss) 131 20 (886) (4,676) ■ Nonoperating Revenues(Expenses): Interest income 44 125 2,190 . Income(Loss)Before Operating Transfers 175 20 (761) (2,486) Operating transfers in . Operating transfers out (256) Net Income(Loss) 175 (236) (761) (2,486) Retained Earnings(Deficit)at Beginning of Year, as Previously Reported 892 919 3,122 (4,036) Adjustments to beginning retained earnings Retained Earnings(Deficit)at Beginning of Year, as Restated 892 919 3,122 (4,036) Retained Earnings(Deficit)at End of Year $ 1,067 683 2,361 (6,522) 102 ■ Workers' ■ Compensation Special Insurance Automotive Public State Medical District Fire Liability Liability Unemployment Liability Property Totals Protection Insurance Insurance Insurance Insurance Insurance 2001 2000 34 34 1,036 1,426 1,379 827 45 25,477 28,296 1,070 1,426 1,379 827 45 25,511 28,296 ■ 790 464 . 298 138 4,691 42 1,025 198 10,737 9,153 924 97 111 505 240 52 22,969 21,232 1,222 235 4,802 547 1,265 250 34,496 30,849 ■ (152) 1,191 (3,423) 280 (1,265) (205) (8,985) (2,553) . 500 1,359 61 78 188 4,545 3,554 348 1,191 (2,064) 341 (1,187) (17) (4,440) 1,001 . 4,223 3,000 7,223 6,444 (256) (81) 348 1,191 2,159 341 1,813 (17) 2,527 7,364 2,198 (872) 5,308 1,480 (8,645) 666 1,032 (6,332) . (1,062) (1,062) 1,136 (872) 5,308 1,480 (8,645) 666 (30) (6,332) . 1,484 319 7,467 1,821 (6,832) 649 2,497 1,032 ■ 103 COUNTY OF CONTRA COSTA ■ INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS ■ YEAR ENDED JUNE 30,2001 (With Comparative Totals for the Year Ended June 30,2000) (in Thousands) ■ Workers' Compensation ■ Employee Employee Long-Term Insurance Dental Medical Disability County Insurance Insurance Insurance General ■ Operating Income(Loss) S 131 20 (886) (4,676) Adjustments to Reconcile Operating Income(Loss) to Net Cash Provided by(Used for)Operating Activities: Changes in assets and liabilities: Decrease(increase)in accounts receivable and accrued revenue (77) 568 . Decrease(increase)in amounts due from other funds 4 Increase(decrease)in accounts payable and accrued liabilities 60 1,848 . Increase(decrease)in amounts due to other funds 40 12 4 530 Net Cash Provided by(Used for)Operating Activities 91 (41) (822) (1,730) . Cash Flows from Noncapital Financing Activities: Operating transfers in ■ Operating transfers out (256) Net Cash Provided by(Used for)Noncapital Financing Activities (256) . Cash Flows from Investing Activities: Interest income 44 125 2,190 . Net Cash Provided by Investing Activities 44 125 2,190 Net Increase(Decrease)in Cash and Cash Equivalents 135 (297) (697) 460 ■ Cash and Cash Equivalents at Beginning of Year 1,485 1,466 3,530 36,385 ■ Cash and Cash Equivalents at End of Year $ 1,620 1,169 2,833 36,845 ■ ■ ■ ■ ■ ■ 104 ■ ■ ■ Workers' Compensation Special Insurance Automotive Public State Medical District Fire Liability Liability Unemployment Liability Property Totals Protection Insurance Insurance Insurance Insurance Insurance 2001 2000 • (152) 1,191 (3,423) 280 (1,265) (205) (8,985) (2,553) ■ ■ (9) (82) (6) (6) 1 389 (368) (2) 3,755 (2) 3,755 169 (427) (147) (1,677) (1,037) (1,380) (3,861) 23 (1) (67) (2) (3) 20 476 207 ■ (565) 1,041 (1,494) 272 (2,311) (186) (5,745) (6,406) . 4,223 3,000 7,223 6,444 (256) (81) . 4,223 3,000 6,967 6,363 500 1,359 61 78 188 4,545 3,554 500 1,359 61 78 188 4,545 3,554 ■ (65) 1,041 4,088 333 767 2 5,767 3,511 7,837 742 22,771 1,655 1,005 665 77,541 74,030 7,772 1,783 26,859 1,988 1,772 667 83,308 77,541 ■ ■ ■ r ■ ■ r105 .' Ao t t1•t r ...;... Ems►a. • t �% y� dp ■ ■ • FIDUCIARY FUNDS • TRUST FUNDS EXPENDABLE TRUST FUND This Fund was created to account for the remaining assets, which are being held in trust for the City of Oakley. Following Oakley's incorporation, this Fund accounts for the assets and liabilities previously . held in the County's RDA funds effective July 1,2000. . PENSION TRUST FUND This Fund, which is under the control of the Board of Retirement, accumulates contributions from the County, its employees and other participating employers, and earnings from the Fund's investments. . Disbursements are made from the Fund for retirement allowances, disability and death benefits, and administrative expenses. This Fund includes all assets of the Employees' Retirement Association. . INVESTMENT TRUST FUND This Fund is used to account for the assets of legally separate entities who make directed investments . through the County Treasurer. These include school and community college districts, other special districts governed by local boards, regional boards and authorities, and pass-through funds for tax collections for cities., This Fund represents the assets, primarily cash and investments, and the related . liability of the County to disburse these monies on demand. . AGENCY FUNDS TAX LOSSES RESERVE This Fund was established as a reserve for all delinquent secured taxes. It accumulates gains from tax sales and specified amounts of penalties and interest collected on delinquent secured taxes to cover . possible future losses on the sale of tax-deeded property. UNAPPORTIONED TAXES These Funds account for unsecured taxes receivable, delinquent secured taxes, amounts which are impounded because of disputes or litigation and amounts held pending authority for apportionment. • OTHER AGENCIES These Funds account for assets held by the County as an agent for individuals, private organizations and other governmental units. These Funds include payroll deductions clearing funds,deposits held by departments,collections clearing funds and flow through funds for Federal and State projects. ■ . 107 COUNTY OF CONTRA COSTA FIDUCIARY FUNDS COMBINING BALANCE SHEET ■ JUNE 30,2001 (With Comparative Totals for June 30,2000) (ln Thousands) . Expendable Pension Investment Totals Trust Trust Trust Agency 2001 2000 Assets: ■ Cash and investments S 6,935 3,006,267 825,025 187,947 4,026,174 3,918,555 Accounts receivable and accrued revenue 12 34,893 31,025 65,930 49,562 ■ Due from other funds 15 1,792 47,386 13,923 63,116 60,322 Taxes receivable 117,045 117,045 97,009 Prepaid items and deposits 516 516 287 . Fixed assets,net 129 129 176 Total Assets S 6,962 3,043,597 872,411 349,940 4,272,910 . 4,125,911 ■ Liabilities and Equity: Liabilities: . Warrants outstanding $ 64,552 34,829 99,381 87,655 Accounts payable and accrued liabilities 112,185 38,012 150,197 56,759 Employee benefits payable 150 150 75 . Due to other funds 49,844 60,043 109,887 105,320 Unapportioned taxes 76,211 76,211 65,187 Tax loss guarantees 24,248 24,248 22,827 . Due to other agencies 116,597 116,597 99,564 Total Liabilities 112,335 114,396 349,940 576,671 437,387 Equity Fund balances: Reserved . Debt service 830 830 Employees'pension benefits 2,931,262 2,931,262 2,987,089 Participation in individually directed investment accounts 758,015 758,015 701,435 Total fund balance-Reserved 830 2,931,262 758,015 3,690,107 3,688,524 Unreserved Designated for future projects 6,132 6,132 Total fund balance-Unreserved 6,132 6,132 . Total Equity 6,962 2,931,262 758,015 3,696,239 3,688,524 Total Liabilities and Equity $ 6,962 3,043,597 872,411 349,940 4,272,910 4,125,911 ■ 108 . . COUNTY OF CONTRA COSTA AGENCY FUNDS . COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES YEAR ENDED JUNE 30,2001 (In Thousands) Balance Balance June 30,2000 Additions Deductions June 30,2001 . Tax Losses Reserve: Assets: ■ Cash and investments $ 19,972 7,952 7,720 20,204 Due from other funds 2,855 4,103 2,855 4,103 ■ Total Assets $ 22,827 12,055 10,575 24,307 Liabilities: . Due to other funds $ 59 59 Tax loss guarantees 22,827 9,200 7,779 24,248 Total Liabilities $ 22,827 9,259 7,779 24,307 Unapportioned Taxes: ■ Assets: Accounts receivable and ■ accrued revenue $ 4,549 22,846 18,905 8,490 Due from other funds 131 90,466 86,016 4,581 Taxes receivable 97,009 1,134,226 1,114,190 117,045 Total Assets $ 101,689 1,247,538 1,219,111 130,116 Liabilities: . Accounts payable and accrued liabilities $ 12,609 33,182 19,466 26,325 Due to other funds 23,893 59,811 56,124 27,580 . Unapportioned taxes 65,187 47,000 35,976 76,211 Total Liabilities $ 101,689 139,993 111,566 130,116 ■ (continued) ■ ■ 109 COUNTY OF CONTRA COSTA , AGENCY FUNDS COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES . YEAR ENDED JUNE 30,2001 (In Thousands) Balance Balance June 30,2000 Additions Deductions June 30,2001 Other Agencies: ■ Assets: Cash and investments $ 139,320 1,594,777 1,566,354 167,743 Accounts receivable and accrued revenue 20,078 21,161 18,704 22,535 Due from other fiends 5,974 35,750 36,485 5,239 Total Assets $ 165,372 1,651,688 1,621,543 195,517 Liabilities: Warrants outstanding $ 29,120 330,543 324,834 34,829 S Accounts payable and accrued liabilities 5,409 725,444 719,166 11,687 Due to other funds 31,279 63,698 62,573 32,404 Due to other agencies and districts 99,564 522,298 505,265 116,597 Total Liabilities $ 165,372 1,641,983 1,611,838 195,517 ■ Totals-Agency Funds: Assets: Cash and investments $ 159,292 1,602,729 1,574,074 187,947 Accounts receivable and accrued revenue 24,627 44,007 37,609 31,025 ■ Due from other funds 8,960 130,319 125,356 13,923 Taxes receivable 97,009 1,134,226 1,114,190 117,045 Total Assets $ 289,888 2,911,281 2,851,229 349,940 ■ Liabilities: . Warrants outstanding $ 29,120 330,543 324,834 34,829 Accounts payable and accrued liabilities 18,018 758,626 738,632 38,012 Due to other funds 55,172 123,568 118,697 60,043 Unapportioned taxes 65,187 47,000 35,976 76,211 Tax loss guarantees 22,827 9,200 7,779 24,248 . Due to other agencies and districts 99,564 522,298 505,265 116,597 Total Liabilities $ 289,888 1,791,235 1,731,183 349,940 ■ (concluded) 110 r ■ r GENERAL FIXED ASSETS ACCOUNT GROUP r ■ The General Fixed Assets Account Group is used to account for fixed assets of the County other than those accounted for rin Enterprise, Internal Service and Pension Trust Funds. r ■ r ■ ■ r ■ ■ ■ ■ r ■ r ■ r111 COUNTY OF CONTRA COSTA SCHEDULE OF GENERAL FIXED ASSETS-BY SOURCE June 30,2001 ■ (In Thousands) General Fixed Assets: ■ Land S 39,869 Buildings and improvements 308,397 ■ Construction in progress 3,910 Buildings and improvements-lease purchases 131,238 Equipment 95,387 ■ Equipment-lease purchase 7,438 Total General Fixed Assets $ 586,239 Investments in General Fixed Assets from: ■ General obligation bonds $ 9,745 Federal grants 17,172 State grants 70,286 General fund 368,314 Special revenue funds 118,100 Other government agencies 1,288 Gifts 1,334 Total Investment in General Fixed Assets S 586,239 ■ ■ 112 . COUNTY OF CONTRA COSTA SCHEDULE OF GENERAL FIXED ASSETS-BY FUNCTION AND ACTIVITY . JUNE 30,2001 (In Thousands) Building& Equip- Buildings& Improvements ment Improve- Construction Lease Lease Function and Activity Total Land ments in Progress Purchase Equipment Purchase General Government: Legislative . &administrative $ 693 693 Finance 1.951 9 1,875 67 Counsel 109 109 . Personnel 1,042 885 157 Elections 1,626 1,626 Communications 4,057 13 3,510 534 . Property management 20,041 1,092 391 17,552 1,006 Plant acquisition 407,903 34,109 240,877 1910 128,265 742 Promotion 3 3 ■ Other general 5,330 4,199 1,131 Total General Government 442,755 34,109 241,991 3,910 128,656 31,194 2,895 ■ Public Protection: Judicial 4,051 294 3,739 18 Police protection 13,934 7 874 10,961 2,092 . Detention&correction 40,182 1,492 30,988 2,582 3,384 1,736 Fire protection 41,815 2,026 15,628 24,161 Flood control 1,194 177 24 993 . Protective inspection 2,432 2,331 101 Other protection 3,136 428 1,842 846 20 Total Public Protection 106,744 4,130 49,650 2,582 46,415 3,967 Health and Sanitation: Health 2,731 6 2,388 337 Hospital care 949 141 808 Sanitation 1,022 936 86 Total Health and Sanitation 4,702 141 942 3,282 337 ■ Public Assistance: Assistance administration 3,446 3,266 180 Veterans services 15 15 Other assistance 2,725 360 1,089 1,276 Total Public Assistance 6,186 360 1,089 4,557 180 Education: Library services 6,712 349 5,291 1,072 Agricultural education 6 6 Total Education 6,718 349 5,291 1,078 Public Ways and Facilities 14,058 141 5,022 8,836 59 Recreation and Cultural Services 5,076 639 4,412 25 . Total General Fixed Assets $ 586,239 39,869 308,397 3.910 131,238 95,387 7,438 ■ 113 COUNTY OF CONTRA COSTA SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY . YEAR ENDED JUNE 30,2001 (In Thousands) Balance Balance . Function and Activity July 1,2000* Additions Deletions Transfers June 30,2001 General Government: Legislative&administrative $ 913 43 (263) 693 Finance 1,100 879 (28) 1,951 Counsel 109 109 . Personnel 967 116 (41) 1,042 Elections 1,712 68 (154) 1,626 Communications 3,346 711 4,057 Property management 18,913 2,586 (1,473) 15 20,041 Plant acquisition 392,683 20,614 (5,394) 407,903 Promotion 3 3 . Other general 5,284 455 (409) 5,330 Total General Government 425,030 25,472 (7,762) 15 442,755 . Public Protection: Judicial 4,492 473 (786) (128) 4,051 ■ Police protection 13,356 776 (217) 19 13,934 Detention&correction 40,016 331 (143) (22) 40,182 Fire protection 39,849 3,856 (1,890) 41,815 Flood control 1,150 44 1,194 Protective inspection 2,125 400 (93) 2,432 Other protection 2,886 155 (33) 128 3,136 . Total Public Protection 103,874 6,035 (3,162) (3) 106,744 Health and Sanitation: . Health 2,742 65 (67) (9) 2,731 Hospital care 805 163 (28) 9 949 Sanitation 1,700 17 (695) 1,022 Total Health and Sanitation 5,247 245 (790) 4,702 Public Assistance: . Assistance administration 3,180 727 (446) (15) 3,446 Veterans services 8 7 15 Other assistance 2,562 198 (38) 3 2,725 Total Public Assistance 5,750 932 (484) (12) 6,186 Education: ■ Library services 6,708 222 (218) 6,712 Agricultural education 6 6 . Total Education 6,714 222 (218) 6,718 Public Ways and Facilities 14,979 111 (1,032) 14,058 Recreation and Cultural Services 5,024 52 5,076 Total General Fixed Assets $ 566,618 33,069 (13,448) 586,239 . *Excludes Housing Authority of S84,361,000 from the beginning balance. 114 . • • StAS\SSKpN t SECj\0 s • • • 1 i t • 1 • • • ■ COUNTY OF CONTRA COSTA ■ GENERAL COUNTY REVENUES BY SOURCE LAST TEN FISCAL YEARS (In Thousands) ■ ■ Fiscal Licenses, Fines, Year Permits& Forfeitures Use of Charges Ended Franchise and Money and Inter- for June 30, Taxes Fees Penalties Property governmental Services Other Total 1992 S 232,044 9,464 7,179 24,592 360,239 95,658 24,884 754,060 1993 226,565 14,445 6,728 27,280 367,112 92,866 7,693 742,689 1994 173,384 12,529 12,654 27,953 448,668 102,545 14,750 792,483 ■ 1995 167,185 13,332 21,306 30,600 478,350 140,354 14,923 866,050 1996 179431 14,569 20,477 33,903 470,211 130,087 21,360 870,038 ■ 1997 184,805 14,265 17343 35,457 469,257 127,208 25,585 873,920 ■ 1998 179,331 14,194 16,249 42,168 471,208 130,468 19,844 873,462 1999 192,915 16,221 17,088 40,649 502,908 145,210 27,283 942,274 2000 204,383 20,395 19,000 37,956 564,289 169,240 35,020 1,050,283 . 2001 296,644 25,749 18,296 43,632 490,842 188,545 27,166 1,090,874 . NOTE: Includes all goverrunental fund types. ■ ■ ■ ■ ■ ■ ■ ■ 117 ■ COUNTY OF CONTRA COSTA GENERAL COUNTY EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS (in Thousands) . Fiscal Year Public Debt Ended General Public Health& Public Ways& Service June 30, Government Protection Sanitation Assistance Education Facilities &Other Total ■ 1992 $ 71,562 229,403 13 4,022 242,274 11,916 50,273 20,879 760,329 1993 66,211 226,248 136,933 239,151 11,342 42,542 27,068 749,495 1994 66,008 229,263 154,556 275,713 9,260 34,743 40,817 810,360 . 1995 69,828 270,099 157,787 293,294 9,394 35,336 80,156 915,894 1996 84,137 257,933 138,243 286,457 12,878 39536 72,515 891,699 1997 79,195 272,415 132,432 272,163 11,439 32,566 65,904 866,114 , 1998 85,786 266,707 147,867 268,633 11,774 33,071 76,088 889,926 ■ 1999 108,963 287,538 157,041 289,570 12,828 45,855 72,385 974,180 2000 101,772 307,260 164,142 302,690 14,216 50,508 84,363 1,024,951 2001 106,380 325,821 161,220 294,317 14,589 54,611 79,084 1,036,022 NOTE: Includes all governmental fund types. Health and Sanitation includes operating transfers to the ■ County Hospital and HMO Enterprise Funds($29,963,000 for fiscal year 2000-2001). ■ ■ ■ ■ r ■ ■ 118 COUNTY OF CONTRA COSTA GENERAL COUNTY REVENUES BY SOURCE- CONSTANT DOLLARS(1)(2) . LAST TEN FISCAL YEARS (In Thousands) Fiscal Licenses, Year Permits& Fines, Use of Charges Ended Franchise Forfeitures& Money and Inter- For . June 30, Taxes Fees Penalties Property governmental Services Other Total 1992 $ 165,274 6,741 5,113 17,516 256,580 68,132 17,724 537,080 1993 156,478 9,977 4,647 18,841 253,548 64,138 5,313 512,942 1994 117,716 8,506 8,591 18,978 304,615 69,621 10,014 538,041 1995 111,290 8,875 14,183 20,369 318,422 93,429 9,934 576,502 1996 117,301 9,524 13,387 22,164 307,394 85,043 13,964 568,777 ■ 1997 117287 9,053 11,007 22,503 297,815 80,733 16,238 554,636 ■ 1998 110,087 8,713 9,975 25,886 289,262 80,091 12,182 536,196 ■ 1999 114,083 9,593 10,105 24,038 297,403 85,872 16,134 557,228 2000 115,962 11,572 10,780 21,535 320,164 96,023 19,870 595,906 . 2001 159,332 13,830 9,827 23,435 263,638 101,270 14,591 585,923 NOTES: (1)Includes all governmental fund types. . (2)The information for the years 1992 through 2001 has been adjusted using the average Consumer Price Index-Urban for each year%with a base point of December, 1983,equal to 100. ■ ■ 119 COUNTY OF CONTRA COSTA GENERAL COUNTY E.XTENDITURES BY FUNCTION-CONSTANT DOLLARS(1)(2) LAST TEN FISCAL YEARS On Thousands) Fiscal Year Public Debt Ended General Public Health& Public Ways& Service June 30, Government Protection Sanitation Assistance Education Facilities &Other Total ■ 1992 $ 50,970 163,392 95,457 172,560 8,487 35,807 14,871 541.544 1993 45,729 156,259 94,574 165,171 7,833 29,382 18,695 517,643 1994 44.815 155,654 104,933 187,191 6,287 23,588 27,712 550,180 1995 46,482 179,796 105,034 195,236 6,253 23,522 53,357 609,680 1996 55,003 168,620 90,375 187,268 8,419 25,846 47,406 582,937 1997 50,261 172,889 84,048 172,729 7,260 20,668 41,826 549,681 ■ 1998 52,662 163,724 90,772 164,907 7,228 20,301 46,708 546,302 1999 64,437 170,040 92,869 171,242 7,586 27,117 42,806 576,097 • 2000 57,743 174,332 93,130 171,739 8,066 28,657 47,866 581,533 2001 57,138 175,003 86,594 158,082 7,836 29,332 42,477 556,462 NOTES: (1) Includes all governmental fund types. Health and Sanitation includes operating transfers to the County Hospital and HMO Enterprise Funds in constant dollars($16,093,000 for fiscal year 2000-2001). (2) The information for the years 1992 through 2001 has been adjusted using the average Consumer Price Index-Urban for each year with a base point of December, 1983,equal to 100. ■ ■ 120 COUNTY OF CONTRA COSTA ■ ASSESSED VALUE OF TAXABLE PROPERTY(1) LAST TEN FISCAL YEARS . (in Thousands) . Assessed Value Net Increase Fiscal Year Assessed . Ended Real Personal Value of Taxable Per- June 30. Property Property Total Exemptions Property Amount centage . 1992 $ 56,863,974 S 2,378,515 $ 59,242,489 $ 820,302 S 58,422,187 S 4,306,558 7.96 % 1993 59,800,740 1501,057 62,301,797 908,476 61,393,321 2,971,134 5.09 1994 61,824,575 2,685,105 64,509,680 1,081,984 63,427,696 2,034,375 3.31 i1995 63,992,943 2,406,789 66,399,732 1.105,367 65,294,365 1,866,669 2.94 . 1996 65,949,619 2.417.931 68,367,550 1,221,088 67,146,462 1,852,097 2.84 1997 67,846,683 2,657,824 70,504,507 1,262,407 69,242,100 21095,638 3.12 ■ 1998 69,194,267 2,513,679 71.707,946 1,393,145 70,314,801 1,072,701 1.55 ■ 1999 72,525,051 2.728,990 75,254,041 1,554,486 73,699,555 3,384,754 4.81 2000 77,475,617 2,495,049 79,970,666 1,683,078 78,287,588 41588,033 6.23 2001 83,329,641 2,936,004 86,265,645 1,637,66784,627,978 6,340,390 8.10 NOTE: t 1) Article X[IIA,added to California Constitution by Proposition 13 in 1978, fixed the base for valuation of property subject to taxes at the full cash value which appeared on the Assessor's 1975-76 assessment roll. Thereafter, full cash value can be increased: a) to reflect annual inflation up to 2 percent: b) to reflect current market value at time of ownership change;and c)to reflect market value for new construction. ■ 121 ■ COUNTY OF CONTRA COSTA GENERAL TAXES LEVIED AND COLLECTED ■ LAST TEN FISCAL YEARS Fiscal Year ■ Ended General Taxes General Taxes June 30, Levied(1) Collected(2) ■ .1992 $ 584,221,870 $ 584,221,870 1993 613,933,210 613,933,210 ■ 1994 634,276,960 634,276,960 . 1995 652,943,650 652,943,650 1996 671,464,620 671,464,620 • 1997 692,421,000 692,421,000 ■ 1998 703,148,010 703,148,010 . 1999 736,995,550 736,995,550 2000 782,875,880 782,875,880 ■ 2001 846,279,780 846,279,780 ■ NOTES: 1 ■ ( ) General taxes are calculated at 1 percent of total assessed value less local exemptions. (2) General County taxes collected are the same as the amounts levied, because the County follows ■ California's alternate method of apportionment(the Teeter Plan). Under the Teeter Plan, all amounts levied are apportioned to the County and other taxing agencies regardless of whether they are collected in the current year or not. A Tax Losses Reserve Fund insures losses resulting when a property is sold for taxes,and the proceeds are insufficient to pay the outstanding amounts due. ■ ■ ■ ■ ■ ■ 122 ■ . COUNTY OF CONTRA COSTA SPECIAL ASSESSMENTS LEVIED AND COLLECTED LAST TEN FISCAL YEARS(1) Fiscal Year . Ended Special Assessments Special Assessments June 30, Levied(2) Collected(3) . 1995 $ 4,809,648 S 4,809,648 1996 3,693,552 3,693,552 • 1997 3,232,099 3,232,099 ■ 1998 2,946,192 2,946,192 . 1999 3,155,064 3,155,064 2.000 3,027,937 3,027,937 . 2001 3,030,800 3,030,800 ■ NOTES: (1) Data for this schedule are provided for years in which special assessment debt with government corrunitment has been reported separately in the CAFR Data are not available for years prior to fiscal year 1994-1995. (2) Special assessments are amounts levied to pay special assessment debt with government commitment. (3) Special assessments collected are the same as the amounts levied,because the County follows California's alternate method of apportionment(the Teeter Plan). Under the Teeter Plan,all amounts levied are apportioned to the County and other taxing agencies regardless of whether they are collected in the current year or not. A Tax Losses Reserve Fund insures losses resulting when a property is sold for taxes, and the proceeds are insufficient to pay the ■ outstanding amounts due. ■ e 123 i COUNTY OF CONTRA COSTA . PROPERTY TAX RATES(1) DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS i Fiscal Year County- County Local i Ended wide Special Special Agency June 30, Rate Districts Districts Districts Schools Cities Total i 1992 1.0000 .0012 .0028 .0292 .0193 .0155 1.0680 1993 1.0000 .0011 .0071 .0345 .0153 .0192 1.0772 i 1994 1.0000 .0011 .0068 .0321 .0190 .0143 1.0733 1995 1.0000 .0010 .0071 . .0314 .0206 .0147 1.0748 . 1996 1.0000 .0010 .0068 .0338 .0223 .0153 1.0792 1997 1.0000 .0010 .0064 .0309 .0263 .0148 1.0794 . 1998 1.0000 .0009 .0063 .0304 .0297 .0142 1.0815 1999 1.0000 .0008 .0061 .0262 .0342 .0139 1.0812 2000 1.0000 .0006 .0055 .0091 .0334 .0135 1.0621 i 2001 1.0000 .0006 .0047 .0067 .0318 .0131 1.0569 ■ NOTE: (1) In June, 1978, California voters approved Proposition 13 which restricted the taxing power of local government agencies. Individual agencies do not establish their own property tax rates, except for i voter approved indebtedness. Instead,a countywide rate is levied with the proceeds distributed to all agencies according to formulas specified by the State legrislature. The countywide rate is 1 percent of full cash value($1 per$100 of taxable assessed valuation). The rates shown above are percentages of assessed valuation. ■ ■ ■ ■ ■ ■ ■ ■ 124 ■ COUNTY OF CONTRA COSTA PROPERTY TAXES DIRECT AND ALL OVERLAPPING GOVERNMENTS ■ LAST TEN FISCAL YEARS (In Thousands) Fiscal Year County Local . Ended Special Special Redevelopment June 30, County Districts Districts Schools Cities Agencies Totals ■ 1992 $ 164,649 67,125 125,264 227,839 118,584 53,626 757,087 1993 155,713 65,974 134,037 278,128 125,246 56,494 815,592 1994 101,541 75,565 143,162 335,343 127,425 58,774 841,810 1995 97,074 75,845 147,215 364,439 132,043 58,766 875,382 1996 100,025 78,752 157,323 374,506 136,030 59,137 905,773 1997 102,991 81,617 157,386 383,348 137,713 61,122 924,177 . 1998 103,519 84,097 169,578 390,822 134,065 62,598 944,679 1999 109,632 79,057 178,329 416,242 139,426 65,433 988,119 2000 115,829 81,995 176,174 444,126 144,964 71,203 1,034,291 2001 123,479 90,555 188,040 479,738 154,298 78,553 1,114,663 NOTE: This schedule shows the property tax levies by major group of taring agencies. 125 ■ X _ U O in — 1.0 ON I'D �C N r a — N - x a a r 00 r a Vr N It 00 N M — V� C'J M r r M a x ',I: Vl O O N m C M CD 't 00 x - r �n -+ v'� C M N r- C M N C �C "T O N M a 4 ❑ v r a a o o in In r o a m 00 x r .c 110 r in It �T in e r r � L � N �o a V'1 a M in m x a N 00 — 1p V'1 M N in — ^� a C`l N M — r x N N N x — r �n O a. in �C — M �n �C - - M � C M � a O r p^ �n �C �;J v'� - O� - �l VU, OM N M �_ N .� M o x O ,C "C M O W) r M x N in a. O oc O vi LL - r M O O in M �O Vr a M N ON a in N o r W) O in in M p -U> M - r M T r O v'� O N r �C -- vl nn C vl -� L. x O --� O O r- 00 •-+ 4 00 '4 r x C — 't 'o a. x I- a M cd � +• U _ C NM a � %O r in - \C r O r r in r inO a r �O O N r a r T N M r a x O - O r a r 'C r M O0 N kr r r M � � � O a• b x r C M O It 00 M �C in in (V O " It O M �C r rM N O x r'M O a >r U r Cl �C In 00 .IC r �C �t r 00 in a x Cl N C in \C in N M O N O M a x 00 O a Cl) r in a in a 0 (`l x in z N - N U 3 69 u ; c3 u M .� M a x N M a a x x -t N '�c C x V'1 r a o � 00 "T "T N r ci r in r -4 O a. t oo a s x oo in 4 a 4 - �D cn �--� O r �p Vr W) Q w N U --� --� NM, M M r� N CV N N N (`J NM, M N N N N •- d a U M H oc O M N - 00a V ^ �O x aO O r M N M VV 00rq oo r rn r N in r .�C a CII - M c i o r - - p W .a y M N N 'T O - a cn �c x M In a in r O N C r C, v1 (3�1 - �n l`l N '�C x M a M r r r N 'o �o N C v7 M a r ■ O G in vi M V r 0 0 a\ O N M M a N N 0 0 x x kn aa ^ - - - - - U Q 6A in x 'Ir, x 00 a �--� N 00 a M �n x r v') - \o V')00 �--� in a - �o Vl - V'1 N r a - O N ol �o oc M 0o N O N M O [-- [-- a �c M6 x Cl r- -- M a in in O, M Vl x N M a. Wn "o V'1 V'1 r in M r lc Wn M a - x 00 M r M Yc3 - x \,C o0 r x (7, O in -- N a (= C-\ in 't � V) W) N � W) 00 N r- ":F tztr a '�C M � r vi M a O D M a N a — N r a O M ,O a - in C M x M a V: - �o a " Vl \,c a. M x \.o U N M M — N N N N M M 4 7 t in in c r lr r x x x x a a 0 69 - w. Cd r 0 - r r r r x x x x x x x x x x a a a a a a Cl a a a o c U a. a a a a a a a. a a a a a a a a. a a. a a a a a. a o c j w .-. — — — — — .--� — — .-. — — — N N n - LL ■ 126 COUNTY OF CONTRA COSTA . RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA(1) . LAST TEN FISCAL YEARS Fiscal Ratio Of Net Year Assessed Value Gross Debt Service Net Bonded Debt Net Bonded Ended of Taxable Bonded Monies Bonded To Assessed Debt Per June 30, Population Property Debt Available Debt Value Capita . 1992 836,871 $ 58,422,185,000 $ 34,720,000 $ 27,000 $ 34,693,000 0.059 41.46 1993 855,109 61,393,320,000 37,650,000 39,997 37,610,003 0.061 43.98 1994 868,600 63,427,697,000 374,392,000 1,233,000 373,159,000 0.588 429.61 1995 883,390 65,294,365,000 373,161,000 2,616,000 370,545,000 0.567 419.46 1996 870,724 67,146,462,000 366,517,000 2,371,000 364,146,000 0.542 418.21 . 1997 879,206 69,242,100,000 360,830,000 . 2,513,000 358,317,000 0.517 407.55 1998 900,688 70,314,801,000 352,965,000 2,766,000 350,199,000 0.498 388.81 ■ 1999 916,403 73,699,555,000 317,695,000 2,711,000 314,984,000 0.427 343.72 2000 930,025 78,287,588,000 304,635,000 3,857,000 300,778,000 0.384 323.41 2001 972,103 84,627,978,000 299,270,000 10,656,000 288,614,000 0.341 296.90 NOTE: (t) Does not include Public Financing Authority debt, Public Facilites Corporation debt, Redevelopment Agency debt nor special assessmcnt debt with government conunitment. ■ ■ . 127 COUNTY OF CONTRA COSTA . PROPERTY VALUE,CONSTRUCTION AND BANK DEPOSITS LAST TEN FISCAL YEARS New Dwelling Units(1) Construction Valuation Fiscal Year ■ Ended Single Multiple Non- Bank June 30, Fanvly Family Residential Residential Deposits(2) 1991 2,705 1,275 S 488,939,000 S 196,165,000 $ 8,907,543,000 ■ 1992 3,279 614 638,714,000 207,099,000 9,102,176,000 1993 3,026 451 590,000,000 183,156,000 11,462,467,000 ■ 1994 3,682 230 583,734,000 164,684,000 9,425,977,000 1995 3,137 618 619,685,000 190,443,000 9,769,220,000 . 1996 3,080 450 584,108,000 170,069,000 10,510,172,000 1997 3,105 381 582,793,000 180,794,000 11,160,868,000 . 1998 3,144 999 738,939,000 235,905,000 11,491,805,000 1999 3,909 504 852,256,000 234,752,000 13,942,607,000 . 2000 3,692 1,071 841,990,000 328,854,000 15,867,000,000 Source (1) Economic Sciences Corp: 1991-2000 (2) "Commercial Bank Deposits",Federal Deposit Insurance Corporation . NOTE ]nfonmtion for the fiscal year ended June 30,2001 is not yet available. ■ ■ ■ 128 t Assessed Value of Taxable Property Residential Commercial Industrial Land Total $ 34,470,71200 $ 7,051,527,000 $ 11,436,450,000 $ 1,156,9415000 $ 54,115,630,000 37,770,532,000 7,656,657,000 11,889,885,000 1,105,112,000 58,422,186,000 . 40,184,960,000 716555329,000 12,413,013,000 1,NU17,000 61,393,319,000 42,295,193,000 7,602,074,000 12,357,698,000 1,172,732,000 63,427,697,000 ■ 43,971,060,000 7556,20500 12,591,768,000 1,175,332,000 65,294,365,000 455312,034,000 7,448,151,000 13,281,211,000 1,105,065,000 67,146,461,000 46,568,404,000 8,805,645,000 12,775,064,000 1,092,98700 69,242,100,000 47,836,713,000 9,456,047,000 11,924,385,000 1,097,656,000 703145801,000 50,500,004,000 9,865,342,000 12,187,476,000 1,146,733,000 73095555,000 54,364,322,000 10563,2041000 12,026,728,000 1,333,334,000 78,287,588,000 ■ 129 COUNTY OF CONTRA COSTA RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL.EXPENDITURES(2) LAST TEN FISCAL YEARS Ratio Of Debt Fiscal Year Total Service To Ended Debt Total General Total General June 30, Principal Interest Service Expenditures (1) Expenditures 1992 $ 300,000 $ 502,000 $ 802,000 $ 760,329,000 .0011 ■ 1993 320,000 383,000 703,000 749,495,000 .0009 1994 614,000 6,021,000 6,635,000 810,360,000 .0082 a 1995 1,278,000 22,338,000 23,616,000 915,893,000 .0258 1996 4,000,000 22,435,000 26,435,000 891,699,000 .0296 1997 5,703,000 22,242,000 27,945,000 866,114,000 .0323 1998 7,475,000 21,952,000 29,427,000 889,926,000 .0331 1999 9,370,000 21,539,000 30,909,000 974,180,000 .0317 2000 11.,325,000 20,952,000 32,277,000 1,024,951,000 .0315 2001 15,730,000 18,330,000 34,060,000 1,036,022,000 .0329 NOTES: (1) Includes all governmental fund types. ■ (2) Does not include Public Financing Authority, Public Facilities Corporation, Redevelopment Agency nor assessment district debt. ■ ■ 130 ■ COUNTY OF CONTRA COSTA . COMPUTATION OF LEGAL DEBT MARGIN YEAR ENDED JUNE 30,2001 ■ (In Thousands) . Assessed Value of Taxable Property S 84,627,978 Debt Limit Five Percent of Assessed Value(1) $ 4,231,399 Amount of Debt Applicable to Debt Limit(2) r Total Bonded Debt 354,630 Less: Assets in Debt Service Funds 17,637 ■ Total Amount of Debt Applicable to Debt Limit 336,993 rLegal Debt Margin $ 3,894,406 ■ NOTES: (1) Section 29909 of the California Government Code limits rGeneral Obligation Bond indebtedness to five percent of the total assessed valuation of all taxable real and personal . property within the County. (2) Does not include Public Financing Authority,Public Facilities Corporation nor assessment district debt. ■ ■ r ■ ■ ■ . 131 ■ COUNTY OF CONTRA COSTA COMPUTATION OF DIRECT AND OVERLAPPING DEBT . Debt Applicable May 1,2001 (1) . Percentage Amount . DIRECT GENERAL FUND OBLIGATION DEBT: Contra Costa County General Fund Obligations 100.000 S 312,015,000 Contra Costa County Pension Obligations 100.000 312,640,000 TOTAL DIRECT DEBT 624,655,000 OVERLAPPING DEBT: Contra Costa County Board of Education Cert.of Participation 100.000 3,020,000 Contra Costa County Mosquito Abatement Cert.of Part. 100.000 1,280,000 ■ Alameda-Contra Costa Transit District Cert.of Participation 10.575 2,503,631 East Bay Municipal Water District and Special District No. 1 48.910-5.966 5,768,056 Acalanes and Liberty Union High School Districts 100.000 109,224,911 r Martinez Unified School District 100.000 43,681,614 Pittsburg and West Contra Costa Unified School Districts 100.000 68,595,000 ■ Lafayette School District 100.000 29,000,000 San Ramon Valley Unified School District&Educ.Facility Corp. 100.000 29,605,000 SRV Unified School District Overlapping Tax and Assessment Debt 100.000 70,000,000 ■ SRV Unified School District Lease Tax Obligations 100.000 11,635,000 Other School Districts'Overlapping Tax and Assessment Debt .442-100.000 77,262,442 Antioch Unified School District Certificates of Participation 100.000 21,109,844 ■ Other School Districts'General Fund Obligations .112-100.000 48,420,583 Cities'Overlapping Tax and Assessment Debt 100.000 6,225,000 City of Concord General Fund and Judgment Obligations 100.000 43,585,000 ■ City of Richmond General Fund Obligations 100.000 26,746,595 City of Richmond Pension Obligations 100.000 33,040,000 City of Antioch General Fund Obligations 100.000 15,258,728 . City of San Ramon General Fund Obligations 100.000 23,300,000 Other Cities'General Fund Obligations 100.000 31,725,000 ■ East Bay Regional Park District 44.440 77,345,598 Hospital Districts and Authorities 100.000 4,045,000 Other Special Districts'Cert.of Participation 100.000 11,950,000 Other Special Districts'Overlapping Tax and Assessment Debt 100.000 1,935,000 Community Facilities District 100.000 235,130,000 1915 Act Assessment Bonds(Estimate) 100.000 405,078,554 . TOTAL OVERLAPPING DEBT 1,436,470,556 (continued) ■ ■ 132 . COUNTY OF CONTRA COSTA COMPUTATION OF DIRECT AND OVERLAPPING DEBT TOTAL GROSS DIRECT AND OVERLAPPING DEBT 2,061,125,556 . Less: San Ramon Unified School Dist.Certificates of Participation (Self-supporting from GIC from Bayerische Landesbank) 10,180,000 City of Concord lease bonds(100%self-supporting) 450,000 TOTAL NET DIRECT AND OVERLAPPING DEBT $ 2,050,495,556 2000-2001 Assessed Value of Taxable Property $ 84,627,978,000 Less: Redevelopment Increments 7,446,872,533 Adjusted Assessed Valuation S 77,181,105,467 Population 972,103 Ratio to- Full Cash Per Value(%) Capita ■ Direct Debt(Includes County Lease Revenue Obligations) 0.81 $ 643 Total Gross Direct and Overlapping Debt 2.67 2,120 Total Net Direct and Overlapping Debt . 2.66 2,109 ■ (1) Source: The oilical statement, County of Contra Costa, California 2001-2002 Tax and Revenue Anticipation Notes, Series A. Excludes tax and revenue anticipation notes, revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations. (concluded) ■ 133 COUNTY OF CONTRA COSTA ■ TEN PRINCIPAL TAXPAYERS YEAR ENDED JUNE 30,2001 Percent Of Total 2000-2001 Secured Secured Assessed Assessed Taxpayer Type of Business Valuation Valuation Chevron USA Petroleum Refining $ 1,922,823,134 2.27 % Tosco Corp Petroleum Refining 1,640,023,593 1.94 Pacific Bell Utility 959,632,927 1.13 Pacific Gas&Electric Utility 834,946,944 0.99 ■ Shell Oil Company Petroleum Refining 745,057,754 0.88 . Southern Energy Utility 622,019,767 0.74 Seeno and Associates Construction 401,636,863 0.47 USS Posco Steel Production 391,525,262 0.46 ■ Bank of America Banking 159,529,489 0.19 Taubman Real Estate Investments 140,299,769 0.17 $ 7,817,495,502 9.24 % • 134 COUNTY OF CONTRA COSTA . DEMOGRAPHICS-POPULATION Date of Special . Incor- Census Jurisdiction poration 1960 1970 1975 1980 1990 2000 2001 Antioch 2/2/1872 17,305 28,060 33,215 43559 61,379 84,485 93,802 Brentwood 1/1/1948 2,186 2,649 3,662 4,434 7,515 23,090 25,325 • Clayton 3/18/1964 1,385 1,790 4,325 7,219 11,373 10,984 Concord 2/2/1905 36,208 85,164 94,673 103,251 110,640 114,932 124,161 Danville 7/1/1982 28,675 40,484 42,854 • El Cerrito 8/20/1917 25,437 25,190 22,950 22,731 22,684 23,874 23,551 . Herctiles 12/15/1900 310 252 121 5,963 16,554 19,552 19,995 Lafayette 7/22/1968 20,484 19,628 20,879 24,482 24,360 24,210 Martinez 4/1/1876 9,604 16,506 18,702 22,582 33,510 37,034 36,508 . Moraga 11/13/1974 14,418 15,014 14,780 17,006 16,525 Oakley 7/1/1999 26,217 • Orinda 7/1/1985 16,704 17,436 17,827 . Pinole 6/25/1903 6,064 13,266 15,337 14,253 17,147 18,657 19,468 Pittsburg 6/22/1903 19,062 20,651 24,347 33,034 47,190 54,383 58,641 ■ Pleasant Hill 11/14/1961 24,610 25,398 25,124 31,115 33,169 33,333 Richmond 8/7/1905 71,584 79,043 70,126 74,676 83,718 94369 101,716 San Pablo 4/26/1948 19,687 21,461 19,392 19,750 24,709 26,827 30,981 San Ramon 7/1/1983 34,170 45,704 46,109 Walnut Creek 10/19/1914 9,903 39,844 46,034 53,643 60,542 64,710 65,804 Total Incorporated 217,350 378,565 409,793 463,218 642,733 751,445 818,011 Unincorporated 191,680 177,240 173,036 194,034 154,548 178,580 154,092 TOTAL COUNTY 409,030 555,805 582,829 657,252 797,281 930,025 972,103 Source: 1950-1990 U.S.Census; 1992-2001 California State Department of Finance. 135 COUNTY OF CONTRA COSTA MISCELLANEOUS STATISTICS .' GEOGRAPHICAL LOCATION: Contra Costa County is located near San Francisco in the Bay Area. It is ■ bordered by San Francisco Bay and San Pablo Bay on the West,by Suisun Bay and the Sacramento and San Joaquin Rivers on the North,by the delta country of San Joaquin County on the East and by Alameda County on the South. ALTITUDE: Sea level to 3,849 feet AREA OF COUNTY: 732.6 square miles of land and 73.3 square miles of water. COUNTY SEAT: Martinez,California FORM OF GOVERNMENT: General Law County,governed by a five member Board of Supervisors. . Contra Costa County is one of the original 27 counties established when California became a state in 1850. NOVEMBER 1998 MARCH 2000 NOVEMBER 2000 • GENERAL ELECTION PRIMARY ELECTION GENERAL ELECTION . REGISTERED VOTERS 485,910 458,136 493,826 NUMBER VOTING 306,712 276,352 384,300 . PERCENT VOTING 63.12 60.32 77.82 ROADS: 741.03 miles of County maintained streets and roads in the unincorporated • areas. COUNTY EMPLOYEES NUMBER OF • AT JUNE 30: PERCENT OF EMPLOYEES NUMBER OF INCREASE PER THOUSAND ■ YEAR EMPLOYEES (DECREASE) OF POPULATION 1992 7,080 1.0 8.5 1993 6,689 (5.5) 7.8 1994 6,658 (0.5) 7.7 1995 6,822 2.5 7.7 1996 6,856 0.5 7.9 1997 6,974 1.7 7.9 1998 7,106 1.9 7.9 1999 7,683 8.1 8.4 2000 8,090 5.3 8.7 2001 9,050 11.9 9.3 136 t r saDinaaS lealuaD - AjunOD e1SOD ealuOD Aq paluiad pue paubisaa r j/ J�1 ■ r r r� r r -�s