GOVERNMENTAL FUNDS

Governmental funds are accounting segregations of financial resources. Expendable assets are assigned to various governmental funds according to the purposes for which they may or must be used; current liabilities are assigned to the fund from which they are to be paid and the difference between governmental fund assets and liabilities is referred to as “Fund Balance.”

• General Fund - This is the main operating fund of the City. It is used to account for all financial resources not required to be accounted for in another fund. The major revenue sources for this fund are property taxes, sales taxes, franchise fees, motor vehicle in-lieu fees, interest income, fines and charges for services. Expenditures are made for public safety, parks, recreation, public works, community and economic development, and general governmental operations.

• Special Revenue Funds - To account for the proceeds of specific revenue sources (other than expendable trusts or for major capital projects) that are legally restricted to expenditure for specified purposes. The City maintains fourteen Special Revenue Funds.

1. State Gas Tax - Revenue apportioned to the City from State-collected gasoline taxes and expended for construction and maintenance of city streets.
2. Storm Water Management - Activities necessary to comply with the Federal Clean Water Act.
3. Maintenance Districts - Revenue from assessments on property owners within the districts expended for street lighting and landscape maintenance within these areas.
4. Art in Public Places - Fees collected from new construction permiots expended for the purchase and installation of art objects in the City. This fee hasbeen rescinded and the funds available are earmarked in the Capital Improvement Program for a specific project.
5. Traffic System Management (TSM) - Monies from in-lieu Parking fees expended for off-street parking facilities, mass transit equipment, and TSM projects.
6. Concord Housing - Accounts for the activities of the Housing Successor Agency to the former Redevelopment Agency of the City. Assets were transferred to this fund for the purpose of increasing or improving the City's supply of low or moderate income housing.
7. Housing & Community Services - Monies from the Department of Housing and Urban Development expended for programs to assist low and moderate-income residents. Developer's fees support the City's childcare program.
8. Concord/Pleasant Hill Health Care District (formerly Mt. Diablo Health Care District) - Property taxes revenues provide funding for health programs for the communities served by the District.
9. PEG Fees - Public Educational Government Fees received from the City's Cabe Franchises used for Public Access Video needs.
10. Vehicle Abatement - Reimbursement of the costs associated with the enforcement of the Contra Costa County Vehicle Abatement Program authorized by California Vehicle Code 2271.

11. Asset Forfeiture – To account for revenues received from adjudicated sales of assets seized during drug related arrests and to disburse for authorized public safety activities.

12. General Plan Reimbursement Fee – Accumulation of revenue levied on building permits for payment of expenditures related to the City’s General Plan Update and Housing Element Update.
13. Technology Fee – To account for revenues received from a surcharge of administrative processing, plan review, and inspection fees applying to Building, Engineering and Planning Divisions.
14. Tourism Improvement District – To account for revenues reimbursed to the City for administrative costs associated with administering the Concord Tourism Business Improvement District.

• Debt Service Funds - To account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. The City maintains the following types of Debt Service Funds.

1. Revenue Bonds - Accounts for payment of principal and interest of the Performing Arts Revenue Bonds and the Lease Revenue Financing Agreement.
2. Certificates of Participation - Accounts for the payment of principal and interest on Association of Bay Area Government (ABAG) certificates of participation.
3. Energy Lease – Accounts for lease purchase agreement to finance several energy conservation projects throughout the City.

• Capital Projects Funds -To account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary fund and trust funds). The City maintains eight Capital Project Funds.

1. Measure J - Accounts for transportation improvements funded by 19% of the ½% sales tax approved by Contra Costa voters in 1988.
2. Developer Fees for Parkland Zones - Accounts for fees collected from developers expended for parks and recreational areas.
3. Developer Fees for Off-Site Street Improvement Program (O.S.I.P.) - Accounts for fees collected from developers expended for General Plan street improvements.
4. Developer Fees for Storm Drain Zones/Traffic Mitigation - Account for fees collected from developers expended for storm drains and traffic mitigation.
5. General Reimbursable Projects Fund - Accounts for the costs of acquisition and construction of general purpose public facilities that are reimbursable from grants or from General Fund transfers.
6. General Fund Projects – Accounts for the projects financed by General Fund transfers expended for acquisition and construction of general purpose public facilities and improvements.
7. Measure V Capital Projects – Accounts for the projects financed by transfers from the Measure V fund.
8. 2021 Certificates of Participation Projects - Accounts for the projects financed by the 2021 Certificates of Participation.
9. Sewer Capacity Fees Fund - Accounts for projects funded by Sewer Capacity fees.

ENTERPRISE FUNDS

Proprietary funds account for City operations financed and operated in a manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges and that the activity be self supporting. The City operates two Enterprise Funds.

1. Golf Course Fund - Accounts for activities associated with the development, operations, and maintenance of the Diablo Creek Golf Course.
2. Sewer Fund - Accounts for activities associated with sewage collection, transmission and treatment.

INTERNAL SERVICE FUNDS

To account for the financing of goods or services provided by one department to other departments of the governmental unit on a cost reimbursement basis. The City maintains six types of Internal Service Funds.

1. Worker’s Compensation Fund - Accounts for worker’s compensation expenses.
2. Risk Management/Liability Fund - Provides for the uninsured portion of claims and judgments.
3. Post-Retirement Healthcare - Accounts for contributions and benefits paid in relation to the Post-Retirement Health Care Program.
4. Fleet Maintenance Fund - Accounts for the replacement, maintenance and operations of City licensed vehicles and motorized equipment.
5. Information Technology Equipment Funds - Account for the replacement, maintenance and operations of computers and peripherals, network systems, telecommunications, data base systems and office equipment.
6. Building Maintenance Fund - Accounts for the replacement, maintenance and operations for facility upkeep and custodial services.
7. Compensated Absences Funds - Accounts for contributions toward compensated absences.

FIDUCIARY FUNDS

To account for assets held by the City as a trustee agent for other governmental units, private organizations, other or individuals.

1. Employee Retirement System Trust Fund - Accounts for accumulation of resources to be used for retirement annuity payments at appropriate amounts and times in the future.
2. Successor Agency Trust Fund – Accounts for the activities of the Successor Agency to the former Redevelopment Agency of the City.