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compromise. She added the City is supporting restaurants through the Parklet Program and having some regular Main Street closures. The closures also cause access challenges for many downtown residents and residents with mobility issues. Councilmember Arkin expressed support for the motion. She added residents will also value the return of Concerts in the Park. She expressed support for increased signage, noting not all patrons live in Pleasanton and are familiar with the closings. She added once per month is reasonable even if it extends into December. She expressed support for the $100,000 sponsorship. Mayor Brown stated there are very important retailers downtown, requiring a balance between the different types of businesses. She encouraged the PDA to fill downtown vacancies. She called to keep downtown fun and family -friendly. She noted mask -wearing is becoming more limited and expressed hopes the pandemic years are nearing the end. Councilmember Testa stated bimonthly is still supporting the retailers by striking a balance between the previous weekly schedule and the proposed monthly schedule. She noted the staff report states restaurants were being very sensitive to business owners by agreeing to bimonthly. She clarified she is voting no because she does support the Weekend on Main Closure Program. MOTION: It was m/s by Balch/Narum to approve staffs recommendations and run the program through December. Motion passed by the following vote: Ayes: Councilmembers Arkin, Balch, Narum, Mayor Brown Noes: Councilmember Testa Absent: None 16. Accept the Annual Comprehensive Financial Report (ACFR) and other related audits for the year ending June 30, 2021 Director of Finance Tina Olson reported City staff and auditors went thoroughly through the Annual Comprehensive Financial Report (ACFR) on January 26 with Councilmembers Narum and Balch serving on the subcommittee. Director Olson reported this is the first year of a five-year contract with independent auditor Lance, Soil & Lunghard, LLP (LSL). The ACFR was prepared following guidelines set by the Government Finance Officers Association of the United States and Canada (GFOA), and the Governmental Accounting Standards Board (GASB). The ACFR notes the City receiving a GFOA Certificate of Achievement for Excellence in Financial Reporting in Fiscal Year 2019/20 for the 24v' consecutive year. The auditors have taken no material exceptions to the City's financial report. Director Olson reported the City's total assets exceeded its liabilities by $752.9 million at the close of FY 2020/21, an increase of $3.9 million from the previous year. She stated the City's slightly over $1 billion in assets are led by $668 million worth of capital assets plus a total of $305 million in cash and investments. She reported the City has $278.9 million in liabilities, $221.5 million of which is pension - related. She added the City has more cash available than liabilities reflecting its overall fiscal stability. Director Olson reported the City has $152.2 million in governmental funds excluding long-term liabilities and physical assets, up $3.2 million from last year. The General Fund's balance is $43.7 million, up $6.4 million from the previous year. The $7.4 million in the Rainy Day Fund is included in the General Fund balance along with $1.9 million in Public Agency Retirement Services (PARS) earnings. Goth the Water Fund and Sewer Funds had big increases leading to $56.9 million in the Enterprise Funds. The Internal Services Funds are up to $61.5 million led by the PARS Section 115 Pension Trust Fund. City Council Minutes Page 14 of 16 February 15, 2022