HomeMy WebLinkAboutCity of Vacaville - Public Financial ReportPopular Annual Financial Report
Fiscal Year Ended June 30, 2021
City of Vacaville, California
TABLE OF CONTENTS
.
To the Citizens of Vacaville 1
Vacaville’s Profile 2
Top Sales Tax Producers and Employers 3
City Organization 4
Where the Money Comes From 5
Where the Money Goes 7
General Fund Financial Highlights 9
Combined Financial Statements 10
Statement of Net Position
Statement of Activities
Key Financial Information 12
Capital Assets‐What We Own
Long –Term Debt‐What We Owe
City Highlights 13
POPULAR ANNUAL FINANCIAL REPORT
About Our City
The City of Vacaville, incorporated in 1892, is located in
northern Solano County roughly midway between San
Francisco and Sacramento. It has a beautiful setting bordered
by rolling hillsides, fruit orchards, and fertile farmland.
Residents can “day trip” to Lake Tahoe, the Napa wine country,
and beaches due to the city’s central location, or enjoy a wide
range of arts, entertainment, and outdoor recreational
activities offered within the city.
Originally founded as an agricultural and rail shipping area,
Vacaville has grown into a thriving and progressive city. It is
thehometothelargestsingle‐location biotech drug
manufacturing complex in the world, Genentech, as well as
several other pharmaceutical and biotech companies. Despite
it’s rapid growth, Vacaville remains a “small town at heart,”
whose residents pride themselves on their high level of
community involvement.
POPULAR ANNUAL FINANCIAL REPORT
To the Citizens of the City of Vacaville:
It is our pleasure to present you with the Popular Annual Financial Report (PAFR) of the City of
Vacaville for the fiscal year ending June 30, 2021. The purpose of the PAFR is to increase
awareness throughout the community of the City’s finances. The report provides a brief analysis
of the City’s revenue sources and where those dollars are spent as well as an overview of the
City’s financial condition. It is our goal that this report is easy to read and understand.
This report contains condensed and simplified financial information from the City’s Annual
Comprehensive Financial Report (ACFR), which can be viewed at City Hall or on the City’s website
at www.cityofvacaville.com. The ACFR is a more complete, independently audited financial
presentation prepared in accordance with generally accepted accounting principles (GAAP). The
Cityreceivedanunmodified(clean)opiniononitsACFRandwe’reproudtosaythattheCity’s
ACFR has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the
Government Finance Officers Association (GFOA) for each of the past 29 years. Only the financial
data for the primary government are included in the PAFR with the main focus being on the City’s
governmental activities. Except for the data presented in the General Fund, highlights on page
10, the financial numbers are presented using the accrual method of accounting similar to the
private sector. Additionally, information is presented in a summarized manner and certain
financial statements and note disclosures required by GAAP are omitted.
We are pleased to announce that the City has received the Award for Outstanding Achievement
in Popular Annual Financial Reporting the last seven years for the PAFR and hope you will find
the report to be interesting and informative. We welcome any feedback, comments, or concerns
regarding the information included. We would also like to thank the Mayor, City Council, and City
Manager for their unfailing support in maintaining the highest standards of professionalism in the
management of the City’s finances.
CITY OF VACAVILLE | 1
POPULAR ANNUAL FINANCIAL REPORT
A Message to Our Readers…
Vacaville’s Profile List of Elected and Appointed Officials
June 30, 2021
Elected Officials
Mayor, Member‐At‐Large Ron Rowlett
Vice Mayor, District 5 Jason Roberts
Council Member, District 1 Roy Stockton
Council Member, District 2 Gregory Ritchie II
Council Member, District 3 Michael Silva
Council Member, At‐Large Jason Roberts
Council Member, District 6 Jeanette Wylie
City Treasurer Jay Yerkes
City Clerk Michelle Thornbrugh
Appointed Officials
City Manager Aaron Busch
City Attorney Melinda Stewart
Deputy City Manager GeorgeAnne Megger‐Smith
Director of Finance Ken Matsumiya
Director of Human Resources Jessica Bowes
Fire Chief Kristian Concepcion
Chief of Police Ian Schmutzler
Director of Public Works Vacant
Director of Economic Development Don Burrus
Director of Community Development Erin Morris
Director of Housing Emily Cantu
Director of Parks and Recreation Kerry Walker
Director of Utilities Curtis Paxton
Founded as Vacaville December 13, 1851
Incorporated as Vacaville August 9, 1892
Geography
Land 28.37 square miles
Coordinates 38°21’14”N 121°58’22”W
Government
Form of Government Council‐Manager
Mayor 4‐Year Term
6 City Council Members 4‐Year Term
Election Staggered
Every 2 Years
Demographic and Economic Statistics
Population 98,041
% Male 51.7%
% Female 48.3%
Median Age 37.3
Median Household Income $87,823
High school graduate or higher, Age 25+ 89.1%
Bachelor’s degree or higher, Age 25+ 23.6%
Sales tax rate 8.125%
Source: California State Department of Finance, U.S. Census Bureau
Unemployment Rate
Nation 6.1% (January 2021)
California 9.0% (January 2021)
Solano County 8.6% (January 2021)
Vacaville 8.2% (January 2021)
Source: U.S. Bureau of Labor Statistics, California Employment Development Department
Rate is not seasonally adjusted
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 2
CITY OF VACAVILLE | 3
Top 10 Principal EmployersTop 25 Sales Tax Producers
For Fiscal Year 2020‐21
Kaiser Permanente
Amazon Services, LLC
Genentech, Inc.
Blue Mountain Construction Services, Inc.
Mariani Packing Co Inc.
Simonton Windows
M& G Duravent, Inc.
Costco Wholesale
Alza Corporation
Wal‐Mart Stores, Inc.
Source: Administrative Services –Business License Section
Excludes Government Entities
Ammaars Toyota Vacaville Nakedwines.com
Best Buy Nike Factory
Buick GMC of Vacaville Nissan of Vacaville
Camping World RV Restoration Hardware
Costco Sam’s Club w/Fuel
Dodge Chrysler Jeep of Vacaville Simonton Windows
GE Healthcare Bio Sciences Target
Home Depot Texaco
Iron Steed Harley Davidson Vaca Valley Travel Center
Lowe’s Vacaville Honda
Mazda of Vacaville Vans
Mazzei Chevrolet Walmart
Millipore
Source: Hinderliter, de Llamas & Associates, State Board of Equalization
Firms listed alphabetically
POPULAR ANNUAL FINANCIAL REPORT
CITY ORGANIZATION
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 4
Citizens of Vacaville
Mayor
City Council
City
Treasurer City Clerk City
Manager
Commissions
Planning
Community Services
Housing
City
Attorney
Police
Parks &
Recreation
Human
Resources
Public Works UtilitiesFinance
Economic
Development
Community
Development
Fire
Housing &
Community
Services
Property taxes – Property taxes are the largest source of operating revenues
for the governmental funds. The assessed valuation of the property in
the City is determined by the Solano County Tax Assessor, which levies
a base tax at the rate of 1% of assessed valuation.
Sales and Use taxes – Sales and use taxes are imposed on retail transactions
and are collected and administered by the state. The City receives 1%
of all taxable sales within City limits and a pro‐rata share of use taxes
which are “pooled” at the state and county level. The total tax rate in
Vacaville is 8.125%. Measure M revenues, an additional ¾ cent
transactions tax approved in 2018, are included in this category.
Franchise taxes – These revenues come from fees collected on electric and
natural gas utilities and sanitary and telecommunication franchises
operating within the City. The fees are based on gross receipts.
Excise taxes – This revenue is from Measure I. The tax was initially approved
by voters in 1989 to pay for construction of the Ulatis Cultural Center
and provide an additional source of funding for services such as street
maintenance, cultural events, and recreation activities. The
continuation of Measure I was approved by voters in November 2012
and proceeds are used to fund general City services and facilities.
Charges for services ‐These revenues are collected for services rendered to
the public such as recreational classes.
Operating grants and contributions – Funding received from other
governments and organizations for the purpose of financing the day‐
to‐day costs of a specific program. The City’s Housing Choice Voucher
Program, first‐time homebuyer programs, and motor vehicle fuel tax
allocated by the state for public street purposes are examples.
Capital grants and contributions – Funding received from other
governments and organizations for financing the purchase of capital
assets for a specific program. Improvements and additions to the
City’s infrastructure and equipment are funded from this revenue
source.
Other taxes ‐This category includes the Transient Occupancy Tax (TOT),
which is imposed on lodging facilities such as hotels and motels, and
the Business License Tax, which is an annual tax on local businesses
based on a flat‐fee schedule. The TOT tax rate is currently 8%.
Investment income – The City pools its available cash from various funds
and invests in instruments allowed by the City’s investment policy.
Investment earnings are dependent on market conditions and the
cash available to invest and earnings are allocated to various funds
proportionate to their cash balances.
Other revenue – This category includes revenues that are not otherwise
categorized in the charts on the following page.
The following is a list of the City’s major revenue sources:
Where the Money Comes From – Governmental Activities
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 5
Please view the ACFR at www.cityofvacaville.com for more detailed information.
Governmental activities are mostly supported by taxes, such as property and sales taxes, and intergovernmental revenues, primarily federal
grants. The General Fund, the chief operating fund used to support the regular day‐to‐day operations of the City, is included in governmental
activities.
In 2021, revenues from the City’s governmental activities totaled $187,125,872. Over half of this amount was from property and sales taxes. In
total, revenue increased by over $22 million or 13.6% when compared to 2020. Property values continue to rise along with new development
occurring throughout the City . The City also saw a 19% increase in sales tax from the previous year. An increase in operating and capital grants is
another factor in the large revenue increase during 2021.
$187,126
$164,773 $156,366
2021 2020 2019
Revenue by type
(in thousands of dollars)2021 2020 2019
Property taxes $50,141 $50,543 $47,971
Sales and use taxes 46,319 38,932 39,272
Franchise taxes 5,160 4,898 4,536
Excise taxes 2,676 2,590 2,671
Charges for services 22,225 19,718 21,034
Operating grants 25,494 20,466 18,870
Capital grants 32,586 19,293 15,377
Other taxes 1,801 1,964 2,302
Investment income 221 5,756 3,801
Other revenue 503 613 532
Total $187,126 $164,773 $156,366
WHERE THE MONEY COMES FROM
The following charts and table summarize the revenues of the City’s
governmental activities and how current year revenues compare to amounts
received in previous years. Like all governments, the City must raise funds to
pay for the services it provides to its citizens and businesses. These funds are
raised through taxes, charges, and grants. Property taxes and sales and use
taxes are consistently the two largest revenue sources for the governmental
funds. In 2021, capital grants & contributions increased over the previous
year primarily due to increase in development impact fees collected for
development and building permits.
Fiscal Year Comparison
(in thousands of dollars)
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 6
Please view the ACFR at www.cityofvacaville.com for more detailed information.
$50,141,
27%
$46,319,
25%$5,160,
3%$2,676,
1%
$22,225,
12%
$25,494,
14%$32,586,
17%
$1,801,
1%
$221,
0%
$503,
0%
2021 Governmental Activities Revenue
(full accrual)
Property Taxes Sales and Use Taxes
Franchise Taxes Excise Taxes
Charges for Services Operating Grants and Contributions
Capital Grants and Contributions Other Taxes
Investment Income Other Revenue
General government – Expenses are related to the administration of the
City’s affairs. These expenses include the City Council, City Treasurer,
City Manager, City Attorney, Administrative Services, Planning and
Building.
Public safety – Expenses incurred for Police and Fire services.
Public works – Expenses for Public Works include those related to the
design, construction, maintenance, and operation of public facilities
and infrastructure within the City.
Parks & Recreation– Expenses incurred to provide recreational and cultural
activities, maintain parks, and support educationally enriching
activities for the City’s youth.
Housing – Expenses are related to the City’s operation of programs
addressing housing needs, neighborhood revitalization, and projects
designed to promote economic growth and eliminate blight.
Interest on long‐term debt – Interest expenses incurred for outstanding
debt obligations.
The following is a list of the City’s governmental expenses by function:
$13,839 ,
9%
$79,380 ,
50%
$30,503 ,
19%
$15,198 ,
10%
$18,817 ,
12%$516 , 0%
2021 Governmental Activities Expenses
(full accrual)
General government Public safety
Public works Community services
Housing Interest on long‐term debt
(Amounts expressed in thousands of dollars)
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 7
Please view the ACFR at www.cityofvacaville.com for more detailed information.
Where The Money Goes – Governmental Activities
Now that we’ve covered how the activities of the governmental funds are supported, let’s take a look at the services that are provided with
these funds. The City provides a wide range of services, including police and fire protection, street and park maintenance, and recreational and
cultural opportunities. Since our focus in this section is on the expenses of the governmental funds, financial information on the City’s
transportation, sewer and water services have been excluded since they are business‐type activities. In 2021, expenses from governmental
activities totaled $158,253,846.
$158,253 $148,851
$139,209
2021 2020 2019
WHERE THE MONEY GOES
ThefollowingtableandchartsummarizetheexpensesoftheCity’s
governmental activities for the current fiscal year along with the previous two
fiscal years presented for comparison.
Expenses increased by approximately $9.4 million from fiscal year 2020 to
2021. A portion was due to salary and benefit costs. Public Works expenses
canbeattributedtoanincreaseincapitaloutlay.PublicSafetyexpenses
increased as 7 positions were added, the increase in Housing expenses can be
attributed to increased spending in the Section 8 program on housing
vouchers. Additionally, rising pension costs continue to be a factor in
increased expenses seen across all functions.
Fiscal Year Comparison
(in thousands of dollars)
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 8
Please view the ACFR at www.cityofvacaville.com for more detailed information.
Expense by Type
(in thousands of dollars)2021 2020 2019
General government 13,839 16,155 12,775
Public safety 79,380 77,785 73,903
Public works 30,503 20,158 22,404
Community services 15,198 17,033 14,883
Housing 18,817 17,040 14,692
Interest on long-term debt 516 680 552
Total 158,253 148,851 139,209
FUND BALANCE (Assets – Liabilities)
The chart on the top right illustrates the City’s fund balance over the last
three years. The total fund balance for the General Fund at the end of fiscal
year 2021 was $70,614,501, an increase of over $9.4 million from the
previous year and the ninth consecutive year fund balance has gone up.
Since there are limitations on how these resources can be spent, the City’s
fund balance is categorized as follows:
Nonspendable – Amounts that are not in a spendable form or are required
to be maintained intact.
Restricted – Resources that are legally restricted by outside parties (grantors,
bondholders) or enabling legislation. For the current fiscal year, there were
no general fund resources in this category.
Assigned – Amounts the City intends to use for a specific purpose. Examples
include funding to be used for capital improvement and technology projects.
The increase in the current year is primarily due to funding designated for
the City’s Measure M projects.
Unassigned – Amounts that are available for any purpose.
The amounts in the Assigned and Unassigned categories, $70 million at the
end of 2021, can be viewed as the City’s emergency operating reserve. As a
general rule, this reserve should be no less than two months or 20% of
regular operating revenues or expenditures. The City’s emergency reserve at
June 30, 2021 was 70% of General Fund expenditures.
GENERAL FUND FINANCIAL HIGHLIGHTS
$28,408
$23,644
$2,394
$10
$29,132
$31,064
$439
$553
$30,009
$39,995
$‐
$611
Unassigned
Assigned
Restricted
Nonspendable
2021
2020
2019
CITY OF VACAVILLE | 9
POPULAR ANNUAL FINANCIAL REPORT Please view the ACFR at www.cityofvacaville.com for more detailed information.
The General Fund is the main operating fund of the City. It is used to account
for all revenues and expenditures that are not required to be reported in
another fund and is the only fund that every government has.The data in this
section is presented with a focus on current financial resources; i.e., the
City’s ability to pay current bills with existing resources.
Revenues vs. Expenditures (in thousands of dollars) for Fiscal Year 2021
General fund revenues $113,165
General fund expenditures (99,736)
Excess revenues 13,429
Transfer of public safety district funds and traffic safety fines into the
general fund
5,598
Transfer of funds from the general fund for capital improvement projects,
building and street development, and park maintenance
(9,623)
Other 23
Net increase in fund balance $9,427
Fiscal Year Comparison (in thousands of dollars)
Statement of Net Position
(in thousands of dollars)
Governmental Activities
2021 2020
Business‐Type Activities
2021 2020
Total Primary Government
2021 2020
Current and other assets $227,642 $202,491 $188,985 $174,166 $416,472 $376,657
Capital assets 464,280 463,334 341,837 348,302 806,117 811,636
TOTAL ASSETS (WHAT WE HAVE)691,922 665,825 530,822 522,468 1,222,744 1,188,293
DEFERRED OUTFLOWS OF RESOURCES 42,304 43,064 8,632 8,048 50,936 51,112
Current and other liabilities 313,795 308,662 63,828 62,077 377,623 370,739
Loans, bonds, and capital lease obligations 8,014 13,515 107,259 116,823 115,273 130,338
TOTAL LIABILITIES (WHAT WE OWE)321,809 322,177 171,087 178,900 492,896 501,077
DEFERRED INFLOWS OF RESOURCES 2,853 6,403 538 1,450 3,391 7,853
NET POSITION:
Net investment in capital assets 456,266 449,819 234,578 231,479 690,844 681,298
Restricted 102,153 90,985 7,106 7,106 109,259 98,091
Unrestricted (148,855) (160,495) 126,145 111,581 (22,710) (48,914)
TOTAL NET POSITION $409,564 $380,309 $367,829 $350,166 $777,393 $730,556
The City’s assets and deferred outflows exceeded its liabilities and deferred inflows by $777 million at the close of fiscal year 2021, an increase of about $47 million
from fiscal year 2020. The City’s unrestricted net position, which may be used to meet ongoing obligations to its citizens and creditors, has been negative since the
implementation of GASB 68 – reporting of the long‐term obligation for pension benefits – in fiscal year 2015.
Current and other assets – Includes cash, assets that are expected to convert to
cash, be sold, or consumed within one year, and long‐term receivables.
Capital assets – The City’s long‐term investment in land, buildings, infrastructure,
equipment, and other improvements. These capital assets are used to provide
services to the community; consequently, these assets are not available for future
spending.
Deferred outflows of resources –City contributions made after the measurement
date of the new net pension liability and deferred pension actuarial changes.
Current and other liabilities – Amounts owed by the City excluding loans and bonds
payable and capital lease obligations.
Loans, bonds, and capital lease obligations – The proceeds from these debt issues
were used to finance large projects such as building construction and renovation and
major equipment purchases.
Deferred inflows of resources – Includes deferred pension actuarial changes
Net Position – Total assets and deferred outflows of resources minus liabilities and
deferred inflows of the City.
Net investment in capital assets – Represents amount invested in capital assets less
accumulated depreciation and any outstanding debt used to acquire these assets.
The resources needed to repay this debt must be provided from other sources since
the capital assets themselves can not be used to liquidate this debt.
Restricted – Resources subject to externally imposed restrictions.
Unrestricted ‐Resources available to provide services to citizens and meet ongoing
obligations to creditors if there were no additional resources or revenue available.
Theamountisnegativeduetothereportingofthelong‐term pension and OPEB
liabilities .
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 10
STATEMENT OF NET POSITION
Please view the ACFR at www.cityofvacaville.com for more detailed information.
In this section, we will look at
a condensed version of the
City’s Statement of Net
Position.
The Statement of Net Position
includes the governmental
activities we have looked at
and business‐type activities –
the City’s transit and utilities
services –to illustrate the
overall financial condition of
the City. The statement is
similar to a balance sheet
found in the private sector.
STATEMENT OF ACTIVITIES Changes in Net Position
(in thousands of dollars) Governmental Activities Business‐Type Activities
Total Primary
Government
2021 2020 2021 2020 2021 2020
Revenues
Program revenues:
Charges for service $22,225 $19,718 $59,209 $57,361 $81,434 $77,079
Operating grants & contributions 25,494 20,466 2,459 2,521 27,953 22,987
Capital grants & contributions 32,586 19,293 18,091 15,949 50,677 35,242
General revenues:
Property taxes 50,141 50,543 90 111 50,231 50,654
Sales and use taxes 46,319 38,932 ‐‐46,319 38,932
Franchise taxes 5,160 4,898 ‐‐5,160 4,898
Other taxes 4,477 4,554 ‐‐4,477 4,554
Investment income 221 5,756 (580) 5,898 (359) 11,654
Other revenue 503 613 1,101 1,187 1,604 1,800
Total revenues 187,126 164,773 80,370 83,027 267,496 247,800
Expenses
Governmental activities 158,253 148,851 ‐‐158,253 148,851
Business‐type activities:
Sewer ‐‐35,569 36,042 35,569 36,042
Water ‐‐23,301 22,524 23,301 22,524
Transit ‐‐3,455 3,708 3,455 3,708
Total expenses 158,253 148,851 62,325 62,274 220,578 211,125
Transfers 382 (974) (382) 974 ‐‐
Change in net position 29,255 14,948 17,663 21,727 46,918 36,675
Extraordinary item ‐‐‐‐‐‐
Prior period adjustment (3,438)‐‐‐(3,438)
Net position –July 1, 2021 383,747 365,361 350,166 328,439 733,913 693,800
Net position – June 30, 2021 409,564 380,309 367,829 350,166 777,393 730,475
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 11
Please view the ACFR at www.cityofvacaville.com for more detailed information.
The income statement for the City of Vacaville,
known as the Statement of Activities, illustrates how
the City’s net position changed during fiscal year
2021. Over time, increases or decreases in net
position may serve as a useful indicator of whether
the City’s financial position is improving or
deteriorating.
The revenue sources and the services and programs
provided with the funding were discussed earlier in
this report for the governmental activities. The
Statement of Activities illustrate how much of the
City’s operations are paid directly from program
revenues raised or collected from customers and the
portion funded through taxes.
The City’s business‐type activities (water and sewer
operations, City Coach) are designed to recover costs
from customers and rely heavily on fees charged to
the recipients of the service. As shown in the table, a
majority of the revenues for the business‐type
activities, unlike the governmental activities, are
from program revenues.
•Charges for service – The increase in business‐type
activities was due to an increase in water
consumption and water service rates and an increase
in connection fees related to development and
building permits pulled.
•Increase in capital grants and contributions due to
the development impact fees collected.
CAPITAL ASSETS – WHAT WE OWN
As of June 30, 2021 the value of the City’s capital assets was $806 million,
which is a decrease of about $5 million from last fiscal year. Major capital
asset events during the current fiscal year included:
•Completion of Brighton Landing Neighborhood Park and the Fire Station
#73 Renovation.
•Construction in progress for Buck Avenue Bridge Widening, and Allison
Parkway Sewer Lift Station.
•The continued replacement and upgrading of vehicle fleet, public safety
radios, and equipment in the City Council Chambers to improve the public
viewing experience.
Land,
$198,923
Land
improvements,
$22,098
Buildings and
improvements,
$263,113
Equipment,
$4,144
Vehicles,
$11,750
Infrastructure,
$275,118
Software, $203
Construction in
progress,
$30,768
Total Primary Government
(in thousands of dollars, net of depreciation)
LONG‐TERM DEBT – LOANS PAYABLE AND CAPITAL LEASE
OBLIGATIONS – WHAT WE OWE
At the end of fiscal year 2021, the City had total debt outstanding of $115
million. The City’s debt decreased by $15 million due to loan payments
made to the State Water Resource Control Board for the Sewer Easterly
and Tertiary Projects and due to the early loan repayment made for the
Fire Station #75.
Debt service payments in fiscal year 2021 were higher than fiscal year
2020. The increase was primarily due to the early loan repayments for Fire
Station #75. The only new debt issued during the fiscal year was a capital
lease obligation for a new Ford Explorer.
$‐
$50,000
$100,000
$150,000
Governmental Business‐type Total Primary
Government
$‐
$103,613 $103,613
$8,014 $3,646 $11,660
Long‐Term Debt
(in thousands of dollars)
Loans Payable Capital Lease Obligations
$10,748
$15,103
$3,806
$3,526
$‐ $4,000 $8,000 $12,000 $16,000 $20,000
2020
2021
Debt Service Payments
(in thousands of dollars)
Principal Interest
POPULAR ANNUAL FINANCIAL REPORT
CITY OF VACAVILLE | 12
Please view the ACFR at www.cityofvacaville.com for more detailed information.
KEY FINANCIAL INFORMATION
The City of Vacaville continues to strive for excellence;
here are a few noteworthy accomplishments:
•The City of Vacaville shifted our leadership structure during the past fiscal year. We moved from five at‐large council members to 6 districts and
one at‐large Mayor. This was the biggest paradigm shift in the history of City of Vacaville’s Council!
•The City established a new Strategic Plan that covers five years, 2021‐2026. This plan will be used extensively by City Council and City staff to
guide and manage future budgets. The Council’s prioritization of these initiatives serves to help focus work programs for all City Departments and
ensure a commitment to the completion of the Plan initiatives.
•The Parks & Recreation department rebounded after a very difficult 2020 due to the pandemic. In 2021 we served over 43,000 people and
awarded $30,000 in scholarships to families that otherwise didn’t have the means to participate in our programs.
•The Housing and Community Development department has been engaged in multiple new senior housing developments, providing 1,365 rent
subsidy vouchers to the community and awarding $500,000 in First Time Homebuyer Down Payment Assistance Loans. We issued 416 new single
family dwelling unit permits during the last year; which is a huge growth of our City and community.
•The City invested over $15 million in capital improvement programs over the last year, including multiple park improvement and basketball court
resurfacing projects. Our Public Works team has been working diligently in anticipation of the upcoming SB 1383 recycling mandate, and we have
successfully negotiated and approved a new Solid Waste contract months in advance of the State’s deadline of January 2022.
•Our Utilities department is underway on construction of a 5MW solar field at our Easterly Wastewater Treatment Plant, we expect to be complete
by the end of 2022. Additionally, multiple new water well sites have been drilled an outfitted during 2021 to support our growing community.
•The police department had an extremely busy year managing over 117,000 calls during the last year. In addition to responding to emergencies,
our officers participated in multiple community outreach events at local schools through our Police Activities League (PAL) program.
•The City created the City of Vacaville Connect Program through which City staff can come together with members of the community to volunteer
their time for the betterment of the City. This is just one of the City’s seven pilot programs established during 2021 for the betterment of all!
CITY OF VACAVILLE | 13
POPULAR ANNUAL FINANCIAL REPORT
City Highlights…
CITY OF VACAVILLE
FINANCE DEPARTMENT
650 Merchant Street
Vacaville, CA 95688
www.cityofvacaville.com
POPULAR ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2021