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Year Ended Ju 39, 1989
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FINANNCE PERMANENT RECORD
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CITY OF RANCHO CUCAMONGA, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED
JUNE 30, 1989
PREPARED BY
FINANCE DEPARTMENT
JIM HART
ADMINISTRATIVE SERVICES DIRECTOR
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CITY OF RANCHO CUCAMONGA
TABLE OF CONTENTS
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal
City Officials xxiii
Organizational Chart xxiv
Geographic Location Diagram xxv
FINANCIAL SECTION
INDEPENDENT AUDITOR'S REPORT 1
FINANCIAL STATEMENTS
Exhibit A - Combined Balance Sheet - All Fund Types
and Account Groups 2
Exhibit B - Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - All Governmental
Fund Types
Exhibit C - Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual (Budgetary Basis) - All Governmental
Fund Types
Exhibit 0
Statement of Revenues, Expenses and Changes
in Retained Earnings - Proprietary Fund Type -
Internal Service Fund
Exhibit E - Statement of Changes in Financial Position -
Proprietary Fund Type - Internal Service Fund
4
6
12
13
NOTES TO FINANCIAL STATEMENTS 14
CITY OF RANCHO CUCAMONGA
TABLE OF CONTENTS
Page
Number
FINANCIAL SECTION
SUPPLEMENTARY SCHEDULES
Schedule 1 - Balance Sheet - General Fund 46
Schedule 2 Statement of Revenues, Expenditures and
Changes in Fund Balances - General Fund 47
Schedule 3
Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual
(Budgetary Basis) - General Fund
Schedule 4 - Combining Balance Sheet - All Special
Revenue Funds
Schedule 5 - Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - All Special
Revenue Funds
48
53
56
Schedule 6 - Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual (Budgetary Basis) - All Special Revenue
Funds 59
Schedule 7 - Combining Balance Sheet - All Debt Service
Funds 67
Schedule 8 - Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - All Debt
Service Funds
Schedule 9 - Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual - All Debt Service Funds
68
69
CITY OF RANCHO CUCAMONGA
TABLE OF CONTENTS
FINANCIAL SECTION
SUPPLEMENTARY SCHEDULES (Continued)
Schedule 10 -
Schedule 11 -
Schedule 12 -
Schedule 13 -
Combining Balance Sheet - All Capital
Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - All Capital
Projects Funds
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances - Budget and
Actual (Budgetary Basis) - All Capital Projects
Funds
Balance Sheet - Internal Service Fund
Schedule 14 - Combining Balance Sheet - All Agency Funds
Schedule 15 - Combining Statement of Changes in Assets and
Liabilities - All Agency Funds
Schedule 16 - Statement of General Fixed Assets
Schedule 17 - Schedule of General Fixed Assets by Function
and Activity
STATISTICAL SECTION
- General Governmental Expenditures by Function -
Last Ten Fiscal Years
EXHIBIT 1
EXHIBIT 2
General Government Revenue by Source - Last Ten
Fiscal Years
Page
Number
72
74
76
82
83
84
87
88
89
90
EXHIBIT 3 -
EXHIBIT 4 -
EXHIBIT 5 -
CITY OF RANCHO CUCAMONGA
TABLE OF CONTENTS
STATISTICAL SECTION
Assessed Valuation of All City Property - Last Ten
Fiscal Years
Property Tax Levies and Collections
Property Tax Rate - All Overlapping Governments -
Last Ten Fiscal Years
EXHIBIT 6 - Special Assessment Collection - Last Ten Fiscal
Years
Direct and Overlapping Bonded Debt
Legal Debt Margin
Building Permit Issuance
Building Permit Valuation
Demographic Statistics
Principal Taxpayers
Insurance Schedule
EXHIBIT 7 -
EXHIBIT 8 -
EXHIBIT 9 -
EXHIBIT 10 -
EXHIBIT 11 -
EXHIBIT 12 -
EXHIBIT 13 -
EXHIBIT 14 - Miscellaneous Statistical Information
Page
Number
91
92
93
94
95
96
97
98
99
100
101
102
INTRODUCTORY SECTION
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NOLL'J3S A?IO.LJ943011 LM]
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CITY OF RANCHO CUCAMONGA
November 27, 1989
The Honorable Mayor
and Members of the City Council
City of Rancho Cucamonga
Rancho Cucamonga, CA 91701
Councilmembers:
Fos Office Boa 807, Rancho Cucamonga, California 91729, (714) 989-1851
Submitted for your information and consideration is the Annual Financial Report for the
year ended June 30, 1989. This is a combined report of the City of Rancho
Cucamonga and the Rancho Cucamonga Redevelopment Agency and the Rancho
Cucamonga Public Improvement Corporation.
The goal of the City of Rancho Cucamonga's financial staff is to strive for excellence in
the performance of the financial functions and reporting. In order to be awarded a
Certificate of Achievement for Excellence in Financial Reporting from the Government
Finance Officers Association, or a Certificate of Award from the California Society of
Municipal Finance Officers, a city must display excellence in financial reporting
standards. For this reason, the Comprehensive Annual Financial Reports are being
prepared in accordance with the standards set by these professional organizations. It
is our goal to achieve the standards and preserve the qualities of excellence in financial
reporting.
BACKGROUND INFORMATION
The City of Rancho Cucamonga currently has a population of 104,700 and
encompasses approximately 37 square miles, It is located between the City of Upland
to the West, and Ontario to the South, and Fontana to the East, and is in the Western
part of San Bernardino County. The local economy is primarily based on retail
commercial business and light manufacturing, which emphasizes the City's efforts at
retaining sales tax generating businesses to help stabilize the City's financial base.
1 REPORTING ENTITY AND ITS SERVICES
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The reporting entity is comprised of the City government, the Rancho Cucamonga
Redevelopment Agency and the Rancho Cucamonga Public Improvement Corporation.
Mayor
Dennis L. Stout
Gmnntmrmters
William J. Alexander Charles J. Buquet 11
Deborah N. Brown Pamela J. Wright
C', Manager
Jack Lam, AICP
i- ,_
II
CITY OF RANCHO CUCAMONGA
November 27, 1989
The Honorable Mayor
and Members of the City Council
City of Rancho Cucamonga
Rancho Cucamonga, CA 91701
Councilmembers:
Fos Office Boa 807, Rancho Cucamonga, California 91729, (714) 989-1851
Submitted for your information and consideration is the Annual Financial Report for the
year ended June 30, 1989. This is a combined report of the City of Rancho
Cucamonga and the Rancho Cucamonga Redevelopment Agency and the Rancho
Cucamonga Public Improvement Corporation.
The goal of the City of Rancho Cucamonga's financial staff is to strive for excellence in
the performance of the financial functions and reporting. In order to be awarded a
Certificate of Achievement for Excellence in Financial Reporting from the Government
Finance Officers Association, or a Certificate of Award from the California Society of
Municipal Finance Officers, a city must display excellence in financial reporting
standards. For this reason, the Comprehensive Annual Financial Reports are being
prepared in accordance with the standards set by these professional organizations. It
is our goal to achieve the standards and preserve the qualities of excellence in financial
reporting.
BACKGROUND INFORMATION
The City of Rancho Cucamonga currently has a population of 104,700 and
encompasses approximately 37 square miles, It is located between the City of Upland
to the West, and Ontario to the South, and Fontana to the East, and is in the Western
part of San Bernardino County. The local economy is primarily based on retail
commercial business and light manufacturing, which emphasizes the City's efforts at
retaining sales tax generating businesses to help stabilize the City's financial base.
1 REPORTING ENTITY AND ITS SERVICES
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The reporting entity is comprised of the City government, the Rancho Cucamonga
Redevelopment Agency and the Rancho Cucamonga Public Improvement Corporation.
Mayor
Dennis L. Stout
Gmnntmrmters
William J. Alexander Charles J. Buquet 11
Deborah N. Brown Pamela J. Wright
C', Manager
Jack Lam, AICP
The City provides accounting services to the Rancho Cucamonga Redevelopment
Agency, while audited financial statements are issued separately.
The Rancho Cucamonga Redevelopment Agency is shown in the financial statements
in two combined groups, namely: the Redevelopment Funds and Fire Facilities
Improvement Fund are included in the Capital Projects Fund whereas the Tax Increment
Funds and the Fire Facilities Improvement Fund are included in the Debt Service Fund.
The Rancho Cucamonga Public Improvement Corporation is shown in the Capital
Projects Fund and Debt Service Fund.
The City of Rancho Cucamonga and Redevelopment Agency is a general law city
governed by the State of California Government Code and local ordinances and
provides quality service by blending the talents of City staff and utilizing other agencies.
Certain services necessary to continue the high quality of life in Rancho Cucamonga
such as water, sanitation (i.e., sewage), library, police and fire protection are furnished
by the County of San Bernardino and other specialized agencies. The City provides
building safety regulation and inspection, street lighting and beautification, land use
planning and zoning, housing and community development services, maintenance and
improvement of streets and related structures, traffic safety maintenance and
improvement, and a full range of recreational and cultural programs for citizen
participation. The Redevelopment Agency provides the services associated with selling
the City as a optimum location for companies to establish their operations. The City's
location and local labor market are just two optimum items available as a selling tool.
The primary focus of the Redevelopment Agency is on the long-term economic
development of the City of Rancho Cucamonga. The Rancho Cucamonga Public
Improvement Corporation is a nonprofit corporation which was established to assist the
City by financing, acquiring, constructing, improving and leasing public improvements
for the benefits of residents of the City.
FINANCIAL ADMINISTRATION
The Finance Division is structured under the Administrative Services Department with the
Director of Administrative Services having responsibility for Finance, Personnel, Risk
Management, Purchasing, Licensing, Facilities Maintenance, and City and
Redevelopment Agency Treasury.
The Finance Manager is responsible for directing the accounting, financial planning and
reporting, payroll, treasury and cash management functions and serves as the Finance
Officer for the City.
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GOVERNMENT
The City of Rancho Cucamonga was incorporated in 1977 as a general law city under
the provisions of the Government Code of the State of California, and operates under
the Council -Manager form of city government. The City officials elected at large includes
a Mayor and four City Councilmembers, City Clerk and City Treasurer. The Mayor and
Councilmembers are elected on a staggered basis with the Mayor being elected for a
term of two years and the City Councilmembers for a term of four years. There is no
limit on the number of terms an individual can serve as Mayor or as Councilmembers.
The Mayor and City Council appoints the City Manager.
REPORTING STANDARDS
This financial report has been prepared in conformance with the generally accepted
accounting principles as set forth by the Governmental Standards Board (GASB),
applicable pronouncements of the American Institute of Certified Public Accountants, and
the full financial disclosure guidelines of the Governmental Finance Officers Association
of the United States and Canada. The implementation of Statement No. 3 of the
National Council on Governmental Accounting (adopted by GASB) defining the
governmental reporting entity as including the City and all of its related entities over
which the City Council has continuing oversight responsibility, has resulted in the
preparation of this financial report's format consolidating the financial data of the City
and all of its related entities.
FINANCIAL STATEMENT FORMAT
In accordance with the above-mentioned guidelines the report is divided into the
following three sections:
1. Introductory Section - Contains the principal officers; City organization chart;
letter of transmittal.
2. Financial Section - Contains the auditor's opinion; combined financial
statement; and combining financial statements by fund type and individual
funds.
Statistical Section - Includes relevant financial and non-financial data
presenting historical trends and other information about the City.
NOTES TO THE FINANCIAL STATEMENTS
The Notes to the Financial Statements, which are part of the General Purpose Financial
Statements within the Financial Section, are an integral part of the financial report and
are essential to the fair presentation and adequate disclosure of the financial position
of the City, Redevelopment Agency and the Corporation. The notes should be read
along with the financial statements to gain a fuller understanding of the information
contained within this report. Your attention is specifically directed to the presentation
of the City's significant accounting policies.
RESPONSIBILITY
The responsibility for the accuracy of the data presented, the completeness and fairness
of its presentation, including all disclosures, rests with the City. The data, as reported,
is believed to be accurate in all material respects; and was designed in a manner to
represent fairly the financial position of the City, Redevelopment Agency and the
Corporation at June 30, 1989, and the results of its operations and changes in financial
position; and all disclosures necessary for the reader to gain a maximum understanding
of the City's financial affairs have been included.
FUND DESCRIPTIONS
Definitions of the various funds and account groups of the reporting entity are included
in the Supplementary Information section of this report.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
The City's accounting records are maintained on the accrual basis to the extent
practicable for the various funds and account groups. Governmental fund types and
agency funds are maintained on the modified accrual basis. Proprietary fund types are
maintained on the accrual basis.
A system of internal accounting controls has been developed and regularly reviewed by
the independent certified public accountants who audit the accounting records of the
City. This system has been designed to provide reasonable, but not absolutely
guaranteed, assurance that:
1. Assets have been protected from losses arising from unauthorized use of
disposition.
2. Financial records can be relied upon for preparing adequate financial
statements and for maintaining accountability for assets.
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All reviews of and changes in the system of internal accounting controls occur
according to the above criteria. We believe that the system of internal accounting
controls is reasonably adequate for the protection of assets and the proper recording
of financial transactions.
The budgetary policy of the City, briefly stated, is to: prepare budgets for all funds of
the City to the extent practicable; only adopt budgets that are balanced in terms of
resources versus expenditure appropriations; only adopt budgets that do not exceed
State constitutional limits; adopt budgets prior to the beginning of the fiscal year in
which they take effect; exercise budgeting control at the fund level; permit adjustment
during the year by the City Council and transfers within the total authorized
appropriation by the City Manager; adopt budgets by minute resolution and not by City
ordinance; and to utilize appropriation encumbrances as a management control
technique for the budgetary control of expenditures.
HIGHLIGHTS OF FISCAL YEAR 1988-89
REDEVELOPMENT AGENCY
1988-89 Marketing Program Accomplishments
This year the Redevelopment Agency formalized many of its marketing goals into a
comprehensive Economic Development Strategy, aimed at retaining and promoting high
quality development - development that generates City revenues and employment for
the long-term. This plan begins with programs to maximize the current resources and
to enhance existing businesses. The program then proceeds to increase the City's
visibility and attract beneficial new companies to the City.
As part of this strategy, the Redevelopment Agency staff established exhibits at national
development conferences, greatly increasing the City's national recognition. The
International Council of Shopping Centers (ICSC) Conference produced hundreds of
solid leads, and the National Association of Industrial and Office Parks (NAIOP) and the
National Association of Corporate Real Estate Executives (NACORE) conferences were
broadly beneficial as well. Contemporary design and large scale photography highlight
the new exhibit booth, which has garnered much positive attention for the City.
Likewise, the Redevelopment Agency's new "Best Sellers" ad debuted, and the ground
work was laid for a new ad series, displaying the colorful Rancho Cucamonga
"California" graphic. Our "City with a Plan" marketing video was updated, also, to
include new scenes reflecting our special ambiance and new development.
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Lastly, the City became a founding member of 3CMA (City County Communications and
Marketing) a national organization that furthers professionalism and communications
expertise in the public sector. Due to "Rancho's" acknowledged leadership in this field,
the staff will serve on the Board of Directors this next year.
Public Safety/Civic Center Facility
Design for the Public Safety/Civic Center facility, which will provide permanent facilities
for the Redevelopment Agency, City departments and public safety (police and fire plan
checking) functions, was completed during the 1986/87 fiscal year. The construction
contract for the facility was awarded to Berry Construction in September 1987, and
construction began in October 1987. The project is currently 75% complete, with
occupancy anticipated by March 1990.
OPA 84-1 (Regional Shopping Center)
In April 1987, the Owner Participation Agreement between the Redevelopment Agency
and HFA Associates was amended to allow up to a three year extension in the time of
performance. This amendment was approved because the market area was not mature
enough to generate the necessary support; however, 1989 demographics now support
a very strong market trend and maturing. As a result, the regional center is on
schedule for a 1991-92 opening date. The Redevelopment Agency's commitment to the
project has been fulfilled, however, the Redevelopment Agency will continue to be fully
involved through the completion of the project.
Design work on the I-15/Foothill Boulevard interchange has begun. Construction is
anticipated to begin in June 1990, with a projected 10 -month completion date. The
interchange will provide needed and better traffic circulation for the development of the
regional shopping center. The developer contributed to the cost of the interchange
improvements with the Redevelopment Agency also contributing.
Day Creek/Mello Roos Program
In an effort to relieve flooding conditions in the eastern portions of the City, the
Redevelopment Agency worked closely with the City of Rancho Cucamonga, the County
of San Bernardino, the City of Ontario and various property owners to establish a
Community Facilities District in fiscal year 1983/84. In fiscal year 1985/86, an $18 million
bond issue was sold, the proceeds of which will be used to construct a major flood
control facility. As part of the bond structure, under the terms of a Loan and Pledge
Agreement between the Redevelopment Agency and the City of Rancho Cucamonga,
the Redevelopment Agency has committed a portion of its tax increment revenues
towards debt service for the bonds. This Redevelopment Agency contribution helps
to reduce the per -acre -assessment to the property owners. Recognizing the potential
for reclamation of usable groundwater, the Redevelopment Agency and City of Rancho
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Cucamonga obtained a loan from the Bureau of Reclamation to fund a portion of the
project. The Redevelopment Agency has also committed a portion of its tax increment
revenues to the repayment of this loan. Initial Construction of the flood control project
began in fiscal year 1986/87, and on October 28, 1988, bids were awarded to Riverside
Construction for phase IIA, of the flood control project which will complete the project
from the Day Creek Channel Debris Basin and Spreading Grounds to Base Line Road.
Foothill Fire Protection District
During fiscal year 1988/89, the Redevelopment Agency participated with the Foothill Fire
Protection District in the following areas:
1. Aerial Ladder Truck Company - The Agency entered into a contract for the
purchase of an aerial ladder truck to provide primary service to the rapidly
developing industrial area. A down payment was made during fiscal year
1986/87, with subsequent annual installments of $65,000.00 per year for 5
years.
2. Fire Protection Capital Improvements Program - In February 1986, the
Redevelopment Agency and Fire District executed a Memorandum of
Understanding which defines their respective rolls and responsibilities in the
preparation of a Capital Improvements Program which is a framework for the
development of new fire protection facilities to service new development in the
Redevelopment Agency Project Area.
In February 1987, the Agency approved a financing plan for the development
of the needed fire protection facilities as identified by the Fire District. This
plan, based on current projections of Redevelopment Agency revenue,
indicates that the facilities will be built in two phases. Phase one consists of
the development of two new fire stations, and phase two consists of the
construction of new training and maintenance facilities and the relocation of
an existing facility.
In October 1987, Wolff/Lang/Christopher was selected as the architect for the
project, and land acquisition was started. Design work on phase one of the
facilities also was begun in October 1987.
Working with the Fire District, the Redevelopment Agency sought to locate
available land that would provide the necessary fire protection coverage for
the Project Area. Due to the necessity of locating the stations in areas which
would allow the quickest response times, acquisition of the required land had
not been consummated by the end of the fiscal year.
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In May 1988, the Agency entered into a Lease Agreement with the City of
Rancho Cucamonga for the purpose of selling $9,500,000 in Certificates of
Participation to finance the construction of phase one of the Fire Facilities
Master Plan, stations 4 and 5. Schematic designs for the facilities were
completed in June 1989.
3. Fire District Plan Checker - In order to assist the Fire District in providing
adequate review of building plans in a timely fashion, the Redevelopment
Agency entered into a contract with the Fire District for specific commitments
to plan review and plan check activities in the Redevelopment project area.
The contract provides for the retention of one plan check staff person by the
Fire District, with a matching commitment by the Redevelopment Agency.
ENGINEERING
Fiscal year 1988/89 represented the City's busiest year ever for capital improvement
projects. Forty-three capital improvement projects were either completed, under
construction, or under contract by the fiscal year's end. Major projects included the
construction of street and storm drain improvements, new and upgraded traffic signal
installations, and the design and construction of parkway and median beautifications.
The following storm drain improvement projects were constructed:
(1) Comet Street to Cucamonga Creek Channel on Arrow Route; (2) Arrow
Route to Lemon Drive on Baker Avenue; (3) Area VII Storm Drain Phase 11
from Hermosa Avenue and 8th Street to west of Fir Drive and north of Cerise
Street; (4) Etiwanda Storm Drain, Phase I north of Victoria Basin and west of
1-15 and, (5) Hellman Avenue Storm Drain and Street Improvements.
In addition to the storm drain projects, previously noted, work on the Day Creek Project
continued with construction activity in progress at Base Line Road, Rochester Avenue
and Victoria Park Lane.
Archibald Avenue was the sight of considerable activity during the year with the
construction of entry monuments at Fourth Street being the most noticeable
improvement. Sidewalks were installed on Archibald between Sixth Street and Foothill
Boulevard and street improvements to Archibald Avenue included its widening at the
Southern Pacific Railroad Crossing and widening from north of Highland Avenue to
south of Lemon Avenue.
In an effort to improve traffic circulation, and perhaps reduce fuel consumption and
pollution, the City began the signal coordination of its major thoroughfares. Signals
along Base Line Road were coordinated and planning for the coordination of signals
along Haven Avenue and Archibald Avenue was began.
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Traffic signals were installed or under construction on Haven Avenue at Sixth Street,
Jersey Boulevard, Civic Center Drive, and Nineteenth Street. Signals were also installed
or under construction on Base Line Road at Spruce Avenue, Carnelian Street at
Vineyard Avenue and at Red Hill Country Club Drive, Highland Avenue at Archibald
Avenue and at Etiwanda Avenue.
Two phases of the Haven Avenue Median Island beautification were completed and a
third phase was begun during the fiscal year.
Construction of the Corporation Yard, Phase 1 commenced during the fiscal year and
is expected to be completed in fiscal year 1989/90,
PLANNING
Current Planning
The Current Planning section processed a total of 1,195 applications of all types during
the fiscal year, which was a reduction of approximately 129 from last fiscal year.
Among these applications were 50 subdivision maps, 45 Conditional Use Permits, and
39 Development/Design Reviews. Major development applications included Mervyn's
and Montgomery Wards which are part of the Terra Vista Town Center, the villages of
Victoria Vineyards and Lakes, and Central Park Plaza and Vineyards Marketplace
shopping centers. In addition to formal applications, staff reviewed over 100 projects
through the Preliminary Review process.
Planning staff was also busy inspecting projects under construction. There were 22
major projects which began construction on fiscal year 1988-89. These included Terra
Vista Town Center, Thomas Winery Plaza, NuWest Shopping Center (Foothill Village),
Plaza De Las Brisas, The Vineyards, Rancho San Antonio Medical Center, Continental
Health Plaza, and Rancho Cucamonga Business Park II.
In addition to ongoing efforts to address the work program items approved by the City
Council and the Planning Commission, a large part of the planning efforts was devoted
to special projects not included in the work program. Examples include major
amendments to the sign ordinance, growth management study, Victoria Lakes
amendment, subdivision ordinance update, rock crusher disclosure policy, and
xeriscape policies.
Current Planning staff continued to be heavily involved in the development of the
computerized Geographic Information System and project tracking programs; Etiwanda
North Specific Plan and related development applications; and coordination with local
school districts on the design of new schools.
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Advance Planning
During the fiscal year the Advance Planning section completed a variety of projects,
including the General Plan Technical Update, annexations, General Plan and
Development District Amendments, Community Development Block Grants, Ordinance
Development, governmental referrals, Development Agreement preparation and
monitoring, special projects and Historic Preservation.
General Plan
The General Plan Technical Update was approved, the Master Environmental
Assessment certified, and the Preliminary Edition of the General Plan distributed to
appropriate individuals. The final copy of the General Plan is in preparation. Also,
during the year, work began on revision of the Housing Element, as required by
state law.
General Plan and Development District Amendments
Nine General Plan Amendments were completed, eight Development District
Amendments were completed, and four Etiwanda Specific Plan Amendments were
completed. Two additional General Plan Amendments and Development District
Amendments were initiated and are in progress. They will be completed in fiscal
year 1989-90.
Ordinances
Work began on development of a Hillside Development Ordinance, which will
establish standards for grading, site design, and architecture for areas with slopes
of eight percent or greater.
Development Agreements
Four Development Agreements were completed, three of which were part of
annexation projects, and one a part of a senior citizens apartment project under
the Senior Housing Overlay District (SHOD). Also two SHOD Development
Agreements were amended for consistency. Annual monitoring of Development
Agreements is an ongoing assignment.
Staff is coordinating negotiations with the Etiwanda North Consortium of
Landowners on terms of Development Agreements as part of the Etiwanda North
Annexation process.
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Community Development Block Grants
Preparation and adoption of the 1989-90 Grant Application was completed,
continuing the housing repair and rehabilitation program and street improvements
for the Southwest Cucamonga program, as well as adding an historic preservation
assistance program. The 1988/89 Grantee Performance Report was approved,
showing that $438,435 in grant funds was expended on completed projects during
the year. Another $735,096 was encumbered for work in progress, including
construction of Old Town Park in the "North Town" area of the City. The 1988/91
Housing Assistance Plan was approved, including three year and one year goals
for assistance. Also, one Housing and Urban Development (HUD) audit on Fair
Housing/Fair Employment was completed. During fiscal year 1988/89, the County
of San Bernardino advised the City that they would no longer contract to provide
the Housing Repair and Rehabilitation program and plans are under way for the
program to be operated by the City in 1989/90.
Annexations
During the year three annexations were completed involving 950 dwellings on 420
acres. Also, a 25 acre annexation was initiated. An annexation strategy has been
developed, and the above annexations will be part of the larger Etiwanda North
Specific Plan and Annexation proposal, encompassing a total of approximately
5,408 units on 6,854 acres of land, extending from the National Forest boundary
on the north, to 24th Street on the south and from Milliken Avenue on the west to
the City of Fontana boundary on the east.
The Etiwanda North annexation effort requires preparation of an Environmental
Impact Report which is in progress, as well as a number of related studies
including traffic analysis, fiscal impact analysis, fire management plan, natural
resource management plan, and a phasing plan. In addition, the City has initiated
a Mello -Roos District for police and drainage, as well as a Fire District Mello -Roos.
The Planning Commission has held numerous workshops on the Specific Plan for
this area of the City.
Special Projects
Since April 1989, Advance Planning has had the responsibility for monitoring the
County conditions of approval for the 4th Street Rock Crusher project. This
monitoring led to a successful City appeal to the County Planning Commission on
the basis that the County's conditions were not being properly enforced by county
staff. The applicant's appeal to the County Board of Supervisors is still pending.
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Planning staff provides liaison assistance to the San Bernardino Associated
Governments (SANBAG) Commuter Rail Subcommittee. Also, staff developed an
information packet containing all pertinent information relative to commuter rail, and
provided an analysis of three potential commuter rail sites in the City.
Needs and Opportunities Studies for the City's areas of Alta Loma, Etiwanda, and
Southwest Cucamonga were initiated. Reports to the City council on the studies
are in the final preparation stages. Development of a Design Guidebook is in
progress. A vacant residential land survey was completed and will be updated
periodically. A preliminary 1-15 concept landscape plan was developed.
Environmental Reviews
A monitoring and reporting program is being developed as required by a 1988
addition to the California Environmental Quality Act (CEQA). Also, CEQA guidelines
are being revised and a training program is being developed to familiarize staff with
new CEQA requirements.
Government Referrals
Staff is providing technical review for the 1990 Federal Census. Also, staff
reviewed five projects submitted by neighboring cities for environmental impacts
on the City and reviewed a preliminary environmental study for a wastewater
treatment plant to be constructed by Chino Basin Municipal Water District on
Etiwanda Avenue.
Staff monitored three referrals and reviewed three new projects from the County
of San Bernardino. Fewer project referrals have been received from the county as
a consequence of an agreement with the Etiwanda North Consortium of
Landowners to withhold processing in the county in order to expedite processing
of the Etiwanda North Specific Plan in the City. Staff coordinated transfer from the
county to the City of the Etiwanda Highlands project which obtained tract
approvals in the county prior to its annexation into the City.
The City Council approved the San Bernardino County draft Hazardous Waste
Management Plan. Staff review of the plan is ongoing in preparation for a City
General Plan Amendment and Ordinance implementation in spring 1990.
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Economic Development and Community Outreach
Staff continued participation in the annual Inland Empire West and Rancho
Cucamonga Chamber of Commerce Business Expo economic development
conferences. Staff prepared the Planning Commission 1989 Design Awards
program. Also, the information booklet, "The Community Profile", has been
updated.
Historic Preservation
Advance Planning continues staff support for the Historic Preservation Commission
with a wide variety of research and activities. During the fiscal year six homes
were designated as landmarks, four sites were designated as points of historic
interest, and 16 landmarks were reviewed for project proposals or alterations. As
part of a program of incentives for preservation, extensive research on the Mills Act
was completed. Revision of the Historic Preservation Ordinance is in preparation,
and also revision of the Development Code to expand uses for landmark buildings.
The list of designated and potential historical sites has been updated, as has the
booklet "Landmarks and Points of Historic Interest." Also, a program for plaques
and monuments to identify historic sites and landmarks is in progress.
Code Enforcement
The Code Enforcement section continued to refine its program and operational
procedures. Improvements were again made in City ordinances. Three ordinance
amendments were proposed and adopted in fiscal year 1988/89; Ordinance No. 360
improving code requirements for parking on residential and commercial property,
Ordinance No. 386 providing a remedy for abating public nuisances on property, and
Ordinance No. 387 providing a procedure to remove and abate inoperative vehicles
from private property. Code Enforcement was also involved in Ordinance Amendments
No. 358 modifying Sign Ordinance regulations and No. 383 establishing graffiti removal
criteria.
Code Enforcement staff was increased in size with the addition of another field officer
and a new position of Code Enforcement Technician. The role of the technician is to
provide office support services to field personnel. The added staff improved our ability
to more effectively handle the average of 125 requests for service and 200 reinspections
each month. The added presence in the community has enabled more residents and
businesses to be contacted with information, rather than strictly enforcement action.
However, the main emphasis of the program continues to be reactive to violations and
complaints received.
Along with case work, the Code Enforcement staff has developed cooperative working
relationships with other agencies and other City departments. Working closely with the
Sheriff's department code enforcement has reduced the number of abandoned autos
and oversize commercial vehicles parked on City streets. A lead role was taken in
coordinating Building and Safety, Health Department and Public Works involvement
toward eliminating hazards from vacant, unsecured buildings.
The majority of the work done by Code Enforcement involves contacting residents and
businesses about property maintenance, inoperative vehicles, and other conditions
which detract from the community. Though many of these contacts initially are not
positive ones, the goal is to resolve problems cooperatively without the need for legal
action. The Code Enforcement section continues to be successful through extensive
public contact and education in obtaining voluntary compliance with City regulations.
BUILDING AND SAFETY
The Building and Safety Division has devoted most of its efforts, during the first half of
the fiscal year, to responding, once more, to near record activity in the local
construction field. Contrary to predictions of national slowdown for this year, building
in the west end of San Bernardino County has maintained activities parallel to or
exceeding, last year. Because of this factor, and a deteriorating quality in workmanship,
coupled with, difficulties in recruitment, the division has been obliged to expand use of
contractual help for inspection and plan checking services to maintain an acceptable
level of compliance with building regulations. It is anticipated that during the first four
months of fiscal year 1989-90, some 850 dwelling units will be released for occupancy
and approximately 2,700 dwelling units will be under active permits in various stages of
construction. Grading and building plan check applications were likewise submitted at
record rates which bespeaks the task facing the Building and Safety Division for the
next fiscal year.
The division continues to house a full-time representative of the Rancho Cucamonga
Fire Protection District for the purpose of facilitating their review of plans and for
improved coordination of the process with other involved agencies and the development
community.
Also, during the fiscal year, the Building and Safety staff completed first drafts of
ordinances, updating many of the City's codes.
COMMUNITY SERVICES DEPARTMENT
The Community Services Department has devoted much energy during the 1988/89
fiscal year to the expansion of their facilities and programs to meet the needs of a
rapidly growing community.
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Parkland acquisition, design, and construction has been a priority of the department for
much of this time frame. It is anticipated that this task will continue to be a high priority
for the department and the City as a whole for some time to come.
During the 1988/89 budget period, 14 parks totaling 149.75 acres of parkland were
operational within the City. This figure includes 10 neighborhood parks, 2 community
parks, 2 community centers, as well as 1 special use facility.
Further demonstrating the growing need for parkland and facilities, the department had
161.5 acres under design/construction during the reporting period. An additional 53
acres of land was acquired for a community park designation in the northeast portion
of the City as well as 38.5 acres for a sports complex in southeast Rancho Cucamonga.
In order to review existing park and recreation facilities, to assess the long-term needs
for these facilities, and to develop a future action plan for providing park and recreation
facilities/programs a Park and Recreation Task Force was established midway into the
fiscal year. Considerable hours of study from October 1988, to mid-January 1989, were
undertaken by Community Services staff and the task force to formulate a plan that
specifically responded to the needs of Rancho Cucamonga residents. With such a plan
in place, a foundation was established for developing the City's Park and Recreation
System.
Along with the development of park facilities was the expansion of the department's
recreation programs/services. The 1988/89 budget allocated three new full-time
positions for the recreation division, This addition has created the opportunity not only
for the growth of programs, but for the development of policies, classes, and special
events.
Through discussion with Lewis Homes of California, a $5,000 grant was provided to the
Community Services Department to provide a playground program in the planned
community of Terra Vista. This program attracted over 1,200 children between the ages
of 5 and 12 during the fiscal year.
The Community Services Department continues to provide a progressive and aggressive
special events calendar which provides local residents with an "event of the month".
Total attendance at special events during the 1988/89 fiscal year was over 50,000
people.
Recreation classes are increasing in popularity and have now expanded into local
schools for programming space. Programs such as trips and tours and senior citizen
programs have expanded. A newly created Teen Recreation Activity Council (TRAC)
was established to assist the City with activities, classes and events for teens planned
by teens. TRAC held its first meeting in May 1989, with representatives from all local
junior/intermediate schools and high schools in attendance.
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Community Services continues to coordinate field usage for local youth and adult sports
organizations. This encompasses the use of City owned fields and school district
properties. Although no new fields were added during the 1988/89 budget year staff's
primary goal has been to get the sports organizations to talk with each other and to
share space.
The community has made tremendous advancements in both park development and
recreation programming in the eleven years since incorporation. The City's commitment
toward providing a park and recreation system, second to none, has clearly been
demonstrated during the 1988/89 period. With continued strong vision and leadership
we will continue to demonstrate the City of Rancho Cucamonga as a leader in providing
park and recreation opportunities to the community.
SHERIFF'S DEPARTMENT
Fiscal year 1988/89 once again saw the Sheriff's Department very active with its
community oriented programs.
The crime prevention unit instituted the "Check It" program. This program is a new
method of reducing individuals who may try to pass bad or stolen checks. City
businesses obtain a thumb print from persons cashing checks at their business, and
in the event of a forgery or nonsufficient fund check, the identity of the person passing
the check can be positively made. The crime prevention unit also continues to provide
classes to students, teachers and parents in the areas of drug awareness, stranger
beware, home security, and gangs.
The Sheriff's volunteer program (Citizen Patrol) continues to expand with new members
being added to the citizen patrol on a regular basis. Individuals involved in the citizen
patrol log many hours of patrol time and conduct hundreds of vacation and special
patrol checks. The Reserve Officer and Explorer Scout programs are another vital part
of the Department's operation. Both groups give countless hours of their time at
community events such as, picnics, races, and parades, not to mention the time
dedicated to patrolling the City streets.
The Traffic Division added one fully equipped motorcycle to the three motorcycles which
have been in operation, bringing the total number to four. The Traffic Division has also
begun a commercial enforcement program, aimed at ensuring that the big rig
commercial vehicles are safe to operate on City streets. The program checks
commercial vehicles for safety violations and overweight violations. The Traffic Division
continues to run Driving Under the Influence (DUI) programs, with special emphasis
during the Christmas holiday season.
xvi
The Department's gang officer has become heavily involved with the counties' SMASH
(San Bernardino Counties Movement Against Street Hoodlums) operation and continues
to monitor gang activity within the City. The gang officer also meets with school officials
regularly to advise them of danger signs to be aware of regarding gang activity.
CASH MANAGEMENT
Cash not immediately needed to finance City operations during the year was invested
in short-term money market instruments in accordance with state laws governing
deposit of public funds. The City invests in time deposits from 14 to 613 days maturity,
issues of federal agencies, bankers acceptances, mortgage securities, negotiable
Certificates of Deposit and the State's Local Agency Investment Fund (LAIF). During
the Fiscal Year 1988-1989, 96% of the idle cash was invested. It is the objective of staff
to attain a greater percentage of invested funds, while maintaining the necessary
reserves needed to fund City services.
DEBT ADMINISTRATION
During fiscal year, Rancho Cucamonga Public Improvement Corporation issued
$2,875,000 in certificates of participation to acquire land and construct public
improvement for the Northeast Community Park Project. The City intended to acquire
approximately 38 acres of land to develop as a Community Park. Also, the City has
obtained $6,390,000 through the issuance of certificates of participation by California
Cities Financing Corporation. The City paid off the outstanding note of $3,621,450 with
Lewis Construction Co., Inc. from the proceeds of the certificates of participation. These
financings allowed purchase of land at reduced interest rates which saved approximately
$800,000 in interest over a 10 year period. The park development fund will be repaying
the bonds out of park development fees collected as part of subdivision development.
The City of Rancho Cucamonga has no general obligation debt. However, the City and
its component unit does have various bond and certificates of participation issues. Note
10 to financial statements presents more detailed information about these issues.
The City and Redevelopment Agency have maintained their A rating from Moody's
Investors Service on the certificates of participation issued during fiscal year 1988/89.
RISK MANAGEMENT
During fiscal year 1988/89, the City of Rancho Cucamonga continued its commitment
to risk management programs for safety, general liability, and workers' compensation.
Aggressive claims handling and a strong litigation stand have assisted in maintaining
an appropriate reserve for current and future claims payments. In addition, various risk
control techniques, including employee accident prevention training, loss control
techniques, including employee accident prevention training, loss control through safety
xvii
programs, and employee hazardous identification programs, have been implemented
during the year to minimize accident -related losses and exposure by the public to
hazards.
The City of Rancho Cucamonga is self-funded for the first one hundred thousand
dollars of loss for general liability claims and purchases coverage from one hundred
thousand to ten million dollars of loss. The City of Rancho Cucamonga utilizes a fully
insured workers' compensation program purchased from the California State Insurance
Fund. The City is currently evaluating the feasibility of a self-funded workers'
compensation program.
There will be an on-going commitment to risk management programs to ensure the
safety of the public and city employees, and to reduce the financial exposures from
catastrophic losses within the City's boundaries.
PROSPECTS FOR THE FUTURE
The City continues to enjoy a very positive financial position. As the City grows,
development revenue and the tax base continue to increase. As a result of the
development now taking place within the City and the prospect that it will continue for
the next several years, the City will continue to enjoy a strong financial position well into
the future. The City continues to appropriate funds under that allowed by the State of
California constitutional appropriations limit (Gann).
FINANCIAL STATEMENT ANALYSIS
The fiscal operations of the City are primarily accounted for in the Governmental Funds
which include the General, Special Revenue, Debt Service and Capital Projects Funds.
The total fund equity (aggregate fund balances) in these funds of $109 million reflects
an increase of $1.2 million over the previous fiscal year. Total financing sources
available to the funds during the year amounted to $83.7 million. Of this amount $57.7
million was from governmental fund type resources, $9.2 million from issuance of
certificates of participation, $6.0 million loan proceeds, approximately $0.5 million from
capital leases and $10.4 million from operating interfund transfers.
Major revenue sources increased substantially over the past year due to the dramatic
increase in the population and the City's efforts to attract major sales producing
interests. The City experienced a Property Tax increase of $94,609 or 6%; Sales Use
Tax increase of $632,675 or 19%; Motor Vehicle in lieu of $716,564 or 27%; and
Business License revenue of $61,433 or 8%. Franchise fees decreased $1,511,055 or
49% from those of the prior year. This is due to the City receiving a substantial
unexpected franchise fee from Southern California Gas Company in the prior fiscal year
which represented a corrective action against underpaid fees from November 1977 to
xviii
December 1985. Decreases in revenue for Homeowner's Property Tax Relief revenue
of $11,907 or 71%; Admission tax of $33,673 or 15% were offset by the large gain made
in the major revenue source areas.
Charges for services which are the Planning, Engineering and Plan Check revenue
sources increased collectively by $487,457 or 15% which once again affects the
tremendous growth that has occurred within the last year. Building permits fees
increased by $285,233 or 16%. These fees are charged when the building permit(s) are
issued.
Revenues and other financing sources by category and a comparison of the increase
(decrease) over the previous fiscal year are shown in the following schedule (amounts
in thousands):
Revenue and Other
Financing Sources
Taxes
Licenses and Permits
Fine and Forfeiture
Use of Property and Money
Intergovernmental
Charges for Services
Development Fees
Other
Total Operating Revenues
Loan Proceeds
Certificates of
Participation Proceeds
Capital Lease Proceeds
Operating Transfers In
Total Financing Sources
Percent
Amount of Total
$ 23,680
2,903
264
8,437
6,853
4,457
8,828
2,308
Increase
(Decrease)
From 1988
28 % $ 2,176
4 354
1 8
10 2,592
8 1,516
5 801
10 (417)
3 (1,903)
57,730 5,127
6,003 7 (2,424)
9,168 11 (145)
417 1 416
10.402 12 (2,127)
$ 83.720, 1g % $ 847
Expenditures and interfund transfers amounted to $82.5 million which reflects an
increase of $8.6 million over the previous fiscal year. Specific uses included: $27.4
million for general operation, $30.2 million for capital outlay, $14.3 million for retirement
of debt and $10.4 million in interfund operating transfer.
xix
Due to the tremendous growth in the areas of maintenance and engineering related to
streets, sewers, parks, flood control, and housing construction, the City has decided to
classify expenditures incurred for those areas as a separate category, namely:
Engineering and Public Works. Accordingly, 1988 financial data have been reclassified
to conform to 1989 presentation.
Expenditures for general operation purposes totalled $27.4 million, an increase of $3.9
million or 17% over the previous year. The 17% increase in general operation was
caused by (1) increased population in the City, thereby the tremendous growth in
demand for governmental services; (2) the proportional increases in the City's workforce
to support the ever expanding City service programs in all areas.
The City continues its capital and infrastructure improvements which accounted for an
additional $861,658 expenditures in capital outlay.
Expenditures
General Government
Public Safety
Engineering and Public Works
Community Development
Community Services
Capital Outlay
Debt Service
Total Government Expenditures
Costs of Issuance
Operating Transfers Out
Amount
$ 8,410
6,118
7,769
3,718
1,228
30,287
14,478
72,008
Increase
Percent (Decrease)
of Total From 1988
10 %
7
9
5
1
37
18
122
10,402 13
Total Expenditures $ 82.532
$ 2,914
(737)
3,781
(1,892)
(246)
862
5.933
100% $
PROPRIETARY FUND TYPE - INTERNAL SERVICE
10,615
122
(2,189)
_Lug
The City maintains an internal service fund for Capital Replacement/Fleet Maintenance.
This fund is supported by user charges to customers. Internal Service Funds account
for services to the various departments within the City. The following represent activity
during the 1988-89 fiscal year (amounts in thousands):
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1989 1988
Operating Revenues $ 483 $ 406
Non -Operating Revenues 155 161
Less: Operating Expenses (281) (279)
Net Income (Loss) $ 2.E $ g
The Internal Service Fund (Capital Replacement/Fleet Maintenance) increases its
retained earnings by $357,394. The increase of retained earnings is primarily caused
by a change in the methodology used to calculate user charges over the past fiscal
year. The fees to the Internal Service Fund are a combination of direct transfers of
funds approved during the budgetary process and a formula to recapture
vehicle/equipment costs. The City is proceeding toward the implementation of a fully
computerized fleet maintenance program that will flow through the account system,
which will provide Finance and Public Works staff with the tools to properly control
vehicle costs.
GENERAL FUND FIXED ASSETS
General Fund assets of the City are those fixed assets used in the performance of
general governmental functions and exclude the fixed assets of Proprietary Funds. As
of June 30, 1989, the general fixed assets of the City amounted to $51,403,583. This
amount represents the original cost of the assets net of additions and deductions from
July 1, 1988 to June 30, 1989, and is considerably less than their present value. The
system of accounting presently recommended by the Governmental Accounting
Standards Board does not allow for the recording of depreciation of general fixed
assets as an expense of governmental funds.
INDEPENDENT AUDIT
The required audit of the books of account, financial records and transactions of all
departments of the reporting entity was conducted by independent certified public
accountants selected by the City Council. The Auditor's opinion has been included in
this report.
xxi
Acknowledgements
The preparation of this report could not have been accomplished without the efficient
and dedicated services of the entire staff of the Finance Division. We would also like
to thank the Mayor and members of the City Council for their interest and support in
planning and conducting the financial operations of the City in a responsible and
progressive manner.
Finally, we would like to extend our thanks to Jay and Janice Isley, owners of the
Christmas House Bed & Breakfast Inn for allowing us to photograph their Inn for our
cover.
,g4r-
Jack Lam, AICP Jim Hart
City Manager Administrative Services Director
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CITY OF RANCHO CUCAMONGA, CALIFORNIA
CITY OFFICIALS
JUNE 30, 1989
Name
Dennis L. Stout
Deborah N. Brown
Pamela J. Wright
William J. Alexander
Charles J. Buquet II
CITY COUNCIL
Mayor
Mayor Pro Tem
Councilmember
Councilmember
Councilmember
ADMINISTRATION AND DEPARTMENT HEADS
City Manager and Executive Director of the
Rancho Cucamonga Redevelopment Agency
Deputy City Manager
Deputy City Manager
City and Redevelopment Agency Attorney
Treasurer (Term expires 1992)
City Clerk (Term expires 1992)
Administrative Services Director
Community Development Director
City Planner
Building Official
City Engineer
Community Services Manager
Term Expires
1990
1990
1992
1992
1990
Jack Lam
Linda Daniels
Jerry Fulwood
James L. Markman
James Frost
Debra Adams
Jim Hart
Rick Gomez
Brad Buller
Jerry Grant
Russell Maguire
Joe Schultz
The Rancho Cucamonga Team
ICmr couNCB,
ICITY MANAGER
(RDA EXEC. DTR.)
CITY ATTORNEY
--� (contract)
DEPUTY/ I DEPUTY CITY MANAGER
CITY MANAGER (RDA DEPUTY DIRECTOR)
FAERCFNCY RESOURCE ARMEE LAW COMM.
SERVICES I SERVICES SERVICES I
1 .RCEMm j 1 RDA J J
SERVICES
MN MO M In MI E I I M = = N
BLDG &
SAFETY
I
It DEVELOPMENT DEPT.
COMMUNITY
ENG/PW &
MATNTI I n.1 I
a a a — — — NE — — — MN OM MO NM MIN MIII
ABOUT RANCHO CUCAMONGA
Location
Rancho Cucamonga is situated in the southwest
corner of San Bernardino County, 37 miles east
of downtown Los Angeles and 15 miles west of
downtown San Bernardino. The San Gabriel
Mountains rise majestically to the north and the
communities of Upland, Ontario, and Fontana
surround the City on the west, south, and east,
respectively. in a region known u the West
Valley, Rancho Cucamonga is strategically
located at the hub of an extensive transportation
network and within short commute distances of
major employment centers In southern
California. The city encompasses the thirty-five
square miles which originally made up the
communities of Cucamonga, Alta Loma and
Etiwanda, becoming the Incorporated City of
Rancho Cucamonga in 1977.
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Rancho Cucamonga,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1988
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
govemment units and public employee retirement
systems whose comprehensive annual financial
reports (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
den
V v
Executive Director
xxv1.
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NM INN NM - =I =I NM ON
CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS
DEDICATED TO THE PROFESSIONAL ADVANCEMENT OF MUNICIPAL FINANCE ADMINISTRATION
Ccrti7icatc of sward
FOR
OUTSTANDING FINANCIAL REPORTING
PRESENTED TO THE
aijg bicho &camoya
This certificate is issued in recognition of meeting professional standards and criteria in reporting
which reflect a high level of quality in the annual financial statements and in the underlying accounting
system from which the reports were prepared for the fiscal year 198785
r4eteacaSsfiee,c4q1-
Chair, Professional Standards Committee
24,cer iFite,zeJ
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FINANCIAL SECTION
1111 111111111[i 1 111
1
NOIID IS 'IVI3NVNL4
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Lance 7200 S. Greenleaf Ave.
S011 & Suite 280
unghard Whittier, CA 90602
(213) 698-6727
Fax (213) 693.1599
CERTIFIED PUBLIC ACCOUNTANTS
City Council
City of Rancho Cucamonga
Rancho Cucamonga, California
INDEPENDENT AUDITOR'S REPORT
Richard C. Soli
Fred J. Lunghard, Jr
Brandon W Burrows
Donald L. Parker
Michael K Chu
Consultant
Robert C. Lance
We have audited the general purpose financial statements of the City of
Rancho Cucamonga as of and for the year ended June 30, 1989 as listed in the
accompanying table of contents. These general purpose financial statements are the
responsibility of the City's management. Our responsibility is to express an opinion on
these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. 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 significant
estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the City of Rancho
Cucamonga at June 30, 1989, and the results of its operations and the changes in
financial position of its proprietary fund types for the year then ended in conformity with
generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The supplemental schedules
listed in the accompanying table of contents are presented for purposes of additional
analysis and are not a required part of the general purpose financial statements of the
City of Rancho Cucamonga. 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.
November 17, 1989
voi it )4- orara467
1
MEMBER
CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
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1I
COMBINED STATEMENTS - OVERVIEW
1
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ASSETS
111111 111111 = N 111111
CITY OF RANCHO CUCAMONGA
1 N 1 1 NM- I IS
COMBINED BALANCE SHEET - ALL FUND TYPES
AND ACCOUNT GROUPS
JUNE 30, 1989
GOVERNMENTAL FUND TYPES
Special
General Revenue
Debt
Service
Capital
Projects
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
Internal
Service Agency
Cash and investments (Note 3) $
Cash and investments with fiscal agent (Note 3)
Receivables (net of allowance for uncollectibles):
Taxes
Accounts
Interest
Grants
Liens
Due from other funds (Note 13)
Due from other governments
Deposits (Note 5)
Advances to other funds (Note 10)
Fixed assets - net book value (Notes 6 and 7)
Amount available in debt service funds
Amount to be provided for retirement of
general long-term debt
ACCOUNT GROUPS
General General
Fixed Long -Term
Assets Debt
Exhibit A
TOTALS
(MEMORANDUM ONLY)
1989
6,021,315 $ 17,715,270 $ 2,334,743 $ 58,461,196 $ 1,494,966 $ 9,765,637 $
- 7,411,780 7,278,631 3,099,472
465,671 -
201,423 276,294
165,075 96,712
237,396
54,199
1,715,146 150,244
635,000
4,562,421 3,360,455
1,497,961 393,555
1,339,834
73,700
611,803
452,559
42,981
4,390,000
965
8,539
15,000
422,889
Total Assets $ 13,131,051 $ 22,525,570 $12,658,018 $ 71,630,725 $ 1,942,359
See Notes to Financial Statements
2
88,822
17,889
1,123,807
51,403,583
- 10,760,651
1988
- $ 95,793,127 $ 100,452,874
- 17,789,883 11,635,457
2,357,187
567,504
900,018
237,396
54,199
4,781,590
73,700
692,981
12,312,876
51,826,472
10,760,651
628,460
802,504
642,594
282,226
66,067
561,014
15,000
9,927,878
32,106,369
7,752,554
- 61,455,909 61,455,909 47,179,289
$ 14,095,627 $ 51,403,583 $ 72,216,560 $259,603,493 $ 212,052,286
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable
Accrued payroll payable
Accrued employee benefits (Note 1)
Deposits
Due to other funds (Note 13)
Due to other governments
Deferred revenue (Note 9)
Deferred compensation payable (Note 17)
Obligation under capital leases (Note 10)
Special assessment bond reserves
Advances from other funds
Bonds and notes payable (Note 10)
Total Liabilities
Fund Equity:
Investment in general fixed assets
Retained earnings:
Unreserved
Fund balances:
Reserved (Note 14)
Unreserved:
Designated (Note 14)
Undesignated
Total Fund Equity
Total Liabilities and Fund Equity
CITY OF RANCHO CUCAMONGA
COMBINED BALANCE SHEET - ALL FUND TYPES
AND ACCOUNT GROUPS
JUNE 30, 1989
GOVERNMENTAL FUND TYPES
Special
General Revenue
Debt
Service
$ 170,991 $
280,070
514,393
Capital
Projects
769,813 $ $ 2,096,614
55,667 - 1,685
44,364
409,874 248,878 1,788,534 2,334,304
108,833
1,527,421 551,743
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
Internal
Service
ACCOUNT GROUPS
General General
Fixed Long -Term
Agency Assets Debt
Exhtba A
(Continued)
TOTALS
(MEMORANDUM ONLY)
1989
$ 4,112 $ 1,885 $
3,120
30,919
2,902,749
1,626,101 1,697,367 4,476,967
5,173,303
1,223,766
7,696,673
1988
$ - $ 3,043,415 $ 3,515,656
340,542 227.636
485,393 999,786 805,643
5,217,667 3,908,132
4,781,590 561,014
108,833 24,575
2,079,164 1,183,402
1,223,766 940,032
438,291 469,210 177,101
- 7,696,673 5,260,435
12,312,876 12,312,876 9,927,878
58,980,000 58,980,000 44,431,450
38,151 14,095,627
3,781,954
7,260,818 - 23,392,783
1,949,766 -
4,496,582 13,638,651
10,760,651 4,309,278
- 39,451,697
1,904,208
72,216,560 97,253,522 70,962,954
- 51,403,583
51,403,583 31,688,695
1,904,208 1,546,814
34,435,555 31,491,492
17,019,695 12,762,352
57,586,930 63,599,979
10,228,302 20,899,469 10,760,651 67,153,758 1,904,206 51,403,583 162,349.971 141,089,332
$ 13,131,051 $ 22,525,570 $ 12,658,016 $ 71,630,725 $ 1,942.359 $ 14,095,627 $ 51,403,583 $ 72,216,560 $ 259,603,493 $ 212,052,286
See Notes to Financial Statements
3
_ _ _ _ _ _ _ _ a a _ _ _ _ _ _ _ _
L
BE I M--- E-_ N N- 1 O-- == I
Revenues:
Taxes
Licenses and permits
Fines and forfeits
Use of money and property
Intergovernmental
Charges for services
Deyelopment fees
Other
Total Revenues
CITY OF RANCHO CUCAMONGA Exhibit B
COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
General
GOVERNMENTAL FUND TYPES TOTALS (MEMORANDUM ONLY)
Special Debt Capital
Revenue Service Projects 1 9 8 9 1 9 8 8
$ 8,167,364 $ 1,467,639
2,902,943
264,831
459,603 1,539,709
3,600,119 3,253,163
3,581,861 875,371
8,828,353
2,209,548 80,705
21,186,269 16,044,940
$ 10,869,093 $ 3,175,428 $ 23,679,524 $ 21,503,933
2,902,943 2,548,542
264,831 256,861
920,111 5,517,755 8,437,178 5,845,097
6,853,282 5,336,914
4,457,232 3,656,466
8,828,353 9,245,745
17,254 2,307,507 4,210,787
11,789,204 8,710,437 57,730,850 52,604,345
Expenditures:
Current:
General government 5,186,886 1,117,137 1,127,944 977,849 8,409,816 5,496,299
Public safety 6,117,980 - 6,117,980 6,855,023
Engineering and public works 5,837,105 1,647,299 285,121 7,769,525 3,988,871
Community development 2,755,691 809,972 - 151,978 3,717,641 5,609,291
Community services 825,921 402,492 - 1,228,413 1,474,217
Capital outlay 8,001,366 - 22,286,106 30,287,472 29,425,814
Debt service:
Principal 122,704 25,567 8,219,459 8,367,730 4,885,783
Interest and fiscal charges 19,918 891 6,089,427 - 6,110,236 3,659,636
Total Expenditures 20,866,205 12,004,724 15,436,830 23,701,054 72,008,813 61,394,934
Excess of Revenues over
(under) Expenditures
320,064 4,040,216
See Notes to Financial Statements
4
(3,647,626) (14,990,617)
(14,277,963) (8,790,589)
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of paticipation
Costs of issuance
Loans proceeds
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under) Expenditures
and Other Uses
Fund Balances:
Beginning of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
General
Exhibit B
(Continued)
GOVERNMENTAL FUND TYPES TOTALS (MEMORANDUM ONLY)
Special Debt Capital
Revenue Service Projects 1 9 8 9 1 9 8 8
$ 1,355,543 $ 421,601 $ 7,072,256 $ 1,552,363 $ 10,401,763 $ 12,528,942
(491,169) (1,349,505) (7,002,705) (1,558,384) (10,401,763) (12,590,942)
6,693,583 2,474,687 9,168,270 9,313,164
(107,411) (14,099) (121,510)
6,003,009 6,003,009 8,427,126
305,320 111,231 416,551
1,169,694 (816,673) 6,655,723 8,457,576 15,466,320 17,678,290
1,489,758 3,223,543 3,008,097 (6,533,041) 1,188,357 8,887,701
8,738,544 17,675,926 7,752,554 73,686,799 107,853,823 98,966,122
End of Fiscal Year $ 10,228,302 $ 20,899,469 $ 10,760,651 $ 67,153,758 $ 109,042,180 $ 107,853,823
See Notes to Financial Statements
5
—IMMI =I MIN IIIIII 11.11 111111 1111111 IMII NM _
Revenues:
Taxes
Licenses and permits
Fines and forfeits
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
Expenditures:
Current:
General government
Public safety
Engineering and public works
Community development
Community services
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
M - - - MI M = M IMMI
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
$ 7,393,095
2,722,280
240,496
847,725
3,480,723
3,457,851
986,820
19,128,990
5,756,989
6,338,225
6,992,820
3,334,441
1,000,266
GENERAL FUND
Actual
$ 8,167,364
2,902,943
264,831
459,603
3,600,119
3,581,861
2,209,548
21,186,269
5,319,559
6,185,597
6,317,340
2,809,893
838,148
122,704
19,918
23,422,741 21,613,159
(4,293,751)
Variance -
Favorable
(Unfavorable)
Exhiba C
SPECIAL REVENUE FUNDS
Variance -
Favorable
Budget Actual (Unfavorable)
$ 774,269 $ 1,481,820 $ 1,467,639 $
180,663
24,335 -
(388,122) 546,246
119,396 2,747,706
124,010 974,281
8,226,211
1,222,728 40,413
2,057,279
437,430
152,628
675,480
524,548
162,118
(122,704)
(19,918)
1,809,582
1,539,709
3,253,163
875,371
8,828,353
80,705
14,016,677 16,044,940
1,302,166
1,614,885
1,386,692
425,336
16,526,595
1,174,993
1,796,711
881,713
431,627 •
11566,760
25,567
891
21,255,674 15,878,262
(426,890) 3,866,861 (7,238,997)
See Notes to Financial Statements
6
166,678
(14,181)
993,463
505,457
(98,910)
602,142
40,292
2,028,263
127,173
(181,826)
504,979
(6,291)
4,959,835
(25,567)
(891)
5,377,412
7,405,675
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
Other Financing Sources (Uses):
Operating transfers in $ 1,305,353
Operating transfers out (491,169)
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds -
Capital lease proceeds -
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances (Note 1)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
814,184
(3,479,567)
(3,479,567)
GENERAL FUND
Actual
$ 1355,543
(491,169)
Variance -
Favorable
(Unfavorable)
$ 50,190
305,320 305,320
1,169,694 355,510
742,804 4,222,371
746,954 746,954
1,489,758 4,969,325
Budget
SPECIAL REVENUE FUNDS
Actual
Exhibit C
(Continued)
Variance -
Favorable
(Unfavorable)
$ 207,609 $ 421,601 $ 213,992
(1292,773) (1,349,505) (56,732)
(1,085,164)
111,231
(816,673)
(8,324,161) (649,995)
3,873,538
(8,324,161) 3,223,543
8,738,544 8,738,544 17,675,926 17,675,926
$ 5,258,977 $
111,231
268,491
7,674,166
3,873,538
11,547,704
10,228,302 $ 4,969,325 $ 9,351,765 $ 20,899,469 $ 11,547,704
See Notes to Financial Statements
7
IMO I=
11111. OM NM- M= I= NM MN -- M NM I- N MN MN
Revenues:
Taxes
Licenses and permits
Fines and forfeits
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
$
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Exhibit C
(Continued)
DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
10,869,093 $ 10,869,093 $ 3,000,000 $ 3,175,428 $ 175,428
746,710 920,111 173,401 6,793,479 5,517,755 (1,275,724)
63,795 - (63,795) 1,351 17,254 15,903
810,505 11,789,204 10,978,699 9,794,830 8,710,437 (1,084,393)
Expenditures:
Current:
General government - 1,127,944 (1,127,944) - 977,849 (977,849)
Public safety -
Engineering and public works - - - 452,820 395,825 56,995
Community development - - 215,056 212,512
Community services - - - -
Capital outlay - - - 53,446,456 39,652,899 13,793,557
Debt service:
Principal 8,219,459 8,219,459 - - -
Interest and fiscal charges 6,528,056 6,089,427 438,629 - -
Total Expenditures 14,747,515 15,436,830 (689,315) 54,114,332 41,239,085 12,872,703
Excess of Revenues over
(under) Expenditures (13,937,010) (3,647,626) 10,289,384 (44,319,502) (32,528,648) 11,790,854
See Notes to Financial Statements
8
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances (Note 1)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CIN OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
DEBT SERVICE FUNDS
Budget
$ 16,615,272
(16,424,292)
7,073,760
(63,795)
7,200,945
(6,736,065)
(6,736,065)
Actual
Variance -
Favorable
(Unfavorable)
$ 7,072,256 $ (9,543,016) $
(7,002,705) 9,421,587
6,693,583 (380,177)
(107,411) (43,616)
6,655,723
Budget
Exhibit C
(Continued)
CAPITAL PROJECTS FUNDS
Variance -
Favorable
Actual (Unfavorable)
80,000
2,875,000
6,000,000
(545,222) 8,955,000
3,008,097 9,744,162 (35,364,502)
3,008,097 9,744,162 (35,364,502)
7,752,554 7,752,554
$ 1,016,489 $ 10,760,651
$ 9,744,162
See Notes to Financial Statements
9
$ 1,552,363
(1,558,384)
2,474,687
(14,099)
6,003,009
$ 1,472,363
(1,558,384)
(400,313)
(14,099)
3,009
8,457,576 (497,424)
(24,071,072) 11,293,430
17,538,031 17,538,031
(6,533,041) 28,831,461
73,686,799 73,686,799
$ 38,322,297 $ 67,153,758 $ 28,831,461
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
= I OM- M MN- N M----- I M
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
TOTALS (MEMORANDUM ONLY)
Variance -
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 11,874,915 $ 23,679,524 $ 11,804,609
Licenses and permits 2,722,280 2,902,943 180,663
Fines and forfeits 240,496 264831 24,335
Use of money and property 8,934,160 8,437,178 (496,982)
Intergovernmental 6 228 429 6,853,282 624,853
Charges for services 4,432,132 4,457,232 25,100
Development fees 8,226,211 8,828,353 602,142
Other 1,092,379 2,307,507 1,215,128
Total Revenues 43,751,002 57,730,850 13,979,848
Expenditures:
Current.
General government 7,059,155 8,600,345 (1,541,190)
Public safety 6,338,225 6,185,597 152,628
Engineering and public works 9,060,525 8,509,876 550,649
Community development 4,936,189 3,904,118 1,032,071
Community services 1,425,602 1,269,775 155,827
Capital outlay 69,973,051 51,219,659 18,753,392
Debt service:
Principal 8,219,459 8,367,730 (148,271)
Interest and fiscal charges 6,528,056 6,110,236 417,820
Total Expenditures 113,540,262 94,167,336 19,372,926
Excess of Revenues over
(under) Expenditures
(69,789,260)
(36,436,486) 33,352,774
See Notes to Financial Statements
10
Exhibit
(Continued)
CITY OF RANCHO CUCAMONGA
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
TOTALS (MEMORANDUM ONLY)
Variance -
Favorable
Budget Actual (Unfavorable)
Other Financing Sources (Uses):
Operating transfers in $ 18,208,234 $ 10,401,763 $ (7,806,471)
Operating transfers out (18,208,234) (10,401,763) 7,806,471
Proceeds from issuance of certificates of participation 9,948,760 9,168,270 (780,490)
Cost of issuance (63,795) (121,510) (57,715)
Loan proceeds 6,000,000 6,003,009 3,009
Capital lease proceeds 416,551 416,551
Total Other Financing
Sources (Uses) 15,884,965 15,466,320 (418,645)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances (Note 1)
(53,904,295)
(20,970,166) 32,934,129
22,158,523 22,158,523
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (53,904,295) 1,188,357 55,092,652
Fund Balances:
Beginning of Fiscal Year 107,853,823 107,853,823
End of Fiscal Year $ 53,949,528 $ 109,042,180 $ 55,092,652
See Notes to Financial Statements
11
Exhibit C
(Continued)
- - - - - - - - - - - - - - - - - - -
M M- M N NM OM- 1 OM MI M M__ W IS
Operating Revenues:
Charges for services
Operating Expenses:
Vehicle and equipment maintenance
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Interest income
Gain (loss) on sale of fixed assets
Miscellaneous
Total Nonoperating Revenues (Expenses)
Income Before Operating Transfers
Operating transfers in (out)
Net Income
Retained Earnings:
Beginning of Fiscal Yeat
End of Fiscal Year
Cf1Y OF RANCHO CUCAMONGA Exhibit D
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
PROPRIETARY FUND TYPE
INTERNAL SERVICE FUND
FOR THE FISCAL YEAR ENDED JUNE 30,1989
See Notes to Financial Statements
12
1989 1988
483,262 $ 406,090
142,798 158,236
131,495 121,379
274,293 279,615
208,969 126,475
151,355 105,047
(6,831) (5,652)
3,891
148,425 99,395
357,394 225,870
62,000
357,394 287,870
1,546814 1,258,944
$ 1,904,208 $ 1,546,814
Sources of Working Capital:
Operations:
Net income (loss)
Items not requiring (providing)
working capital:
Depreciation
Loss on disposition of fixed assets
Total Sources of Working Capital
Uses of Working Capital:
Additions to fixed assets
Capital lease principal reduction
Total Uses of Working Capital
Net Increase (Decrease) in Working Capital
Elements of Net Increase (Decrease) in Working Capital:
Cash and investments
Accounts receivable
Interest receivable
Accounts payable
Accrued payroll payable
Capital leases payable
Net Increase (Decrease) in Working Capital
CITY OF RANCHO CUCAMONGA Exhibit E
STATEMENT OF CHANGES IN FINANCIAL POSMON
PROPRIETARY FUND TYPE
INTERNAL SERVICE FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
See Notes to Financial Statements
13
1989 1988
$ 357,394 $ 287,870
131,495 121,379
6,831 5,652
495,720 414,901
143,541 83,357
7,090 56,564
150,631 139,921
$ 345,089 $ 274,980
$ 349,620 $ 272,532
633 (34)
8,539 -
19,645 3,173
(2,429) (691)
(30,919)
$ 345,089 $ 274,980
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
OM I---_ M N-- M M MS I I M I MI MS
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1989
I. SIGNIFICANT ACCOUNTING POLICIES
Note I: Organization and Summary of Significant Accounting Policies
a. Description of the Reporting Entity
The City of Rancho Cucamonga is a reporting entity which consists of the following oversight and component units:
Reporting Entity:
Oversight Unit:
City of Rancho Cucamonga
Component Units:
Rancho Cucamonga Redevelopment Agency
Rancho Cucamonga Public Improvement Corporation
Oversight responsibility is determined by such criteria as financial interdependency, selection of governing authority and designation
of management budget control, and the ability to significantly influence operations.
The accompanying general purpose financial statements contain information for the total reporting entity.
The City of Rancho Cucamonga (an oversight unit) was incorporated on November 22, 1977 under the laws of the State of
California and enjoys all the rights and privileges applicable to a General Law City. The Rancho Cucamonga Redevelopment Agency
was established on May 20, 1981 pursuant to the State of California Health and Safety Code, Section 33000. Its purpose is to
prepare and carry out plans for the improvement, rehabilitation and development of blighted areas within the territorial limits of the
City of Rancho Cucamonga. The Rancho Cucamonga Public Improvement Corporation was incorporated on November 14, 1988
under the Non -Profit Public Benefit Corporation Law of the State of California. The Corporation was established for charitable
purposes including rendering financial assistance to the City by financing, acquiring, constructing, improving and leasing public
improvements for the benefit of residents of the City and the surrounding area.
14
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note I: Organization and Summary of Significant Accounting Policies (Continued)
Other governmental agencies providing services to the City and as to which no oversight responsibility exists, are:
State of California
County of San Bernardino
Public Employees Retirement System
Various School Districts
Each of these agencies either has an independently elected governing board or is dependent on an independently elected governing
board other than the City Council of the City of Rancho Cucamonga. Consequently, financial information for these agencies is not
included within the scope of this financial report.
b. Description of Funds
Fund Accounting Systems
Governmental accounting systems are organized and operated on a fund basis. A fund is defined as an independent fiscal
and accounting entity with a self -balancing set of accounts recording cash and other financial resources, together with all
related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on
specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations.
Types of Funds
Governmental Fund Tvoes
The General Fund - to account for all unrestricted resources except those required to be accounted for in another fund.
Special Revenue Funds - to account for the proceeds of specific revenue sources (other than major capital projects) that
are restricted by law or administrative action to expenditures for specified purposes.
Debt Service Funds - to account for the accumulation of resources for, and payment of, interest and principal on general
long-term debt.
Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than
those financed by Proprietary Funds).
15
E EIM M NM M MI 1 NIM MI MI
N N I_- E-- INN N MN I EN N EN EN
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Proprietary Fund Types
Internal Service Funds - to account for the financing of goods or services provided by one department or agency to other
departments or agencies of the City or to other governmental units, on a cost -reimbursement basis.
Fiduciary Fund Types
Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other
governmental units, and/or other funds.
Account Groups
Fixed Assets and Long -Term Liabilities
The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are
determined by its measurement focus. All governmental funds are accounted for on a spending or 'financial flow'
measurement focus. This means that only current assets and current liabilities are generally included in their balance
sheets, Their reported fund balance (net current assets) is considered a measure of 'available spendable resources'.
Governmental fund operating statements present increases (revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of
sources and uses of 'available spendable resources' during a period.
Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed
Assets Account Group, rather than in governmental funds. Public domain ('infrastructure') general fixed assets consisting
of roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are not capitalized.
No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available,
Donated fixed assets are valued at their estimated market value on the date donated.
Interest accrued during construction (if any) of fixed assets is capitalized as a part of the asset cost.
16
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note I: Organization and Summary of Significant Accounting Policies (Continued)
All proprietary funds are accounted for on a cost of services or 'capital maintenance' measurement focus. This means
that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance
sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings
components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net
total assets,
Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations.
Proprietary fund fixed assets are reported net of accumulated depreciation on their balance sheets. Depreciation has been •
provided over the estimated useful lives using the straight line method for all classes of fixed assets. The estimated useful
lives are as follows:
Automotive Equipment
Other Equipment
5 years
5-10 years
Long -Term liabilities expected to be financed from governmental funds are accounted for in the General Long -Term Debt
Account Group, not in the governmental funds. Noncurrent portions of long-term receivables due to governmental funds
are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are
used to indicate, however, that they should not be considered 'available spendable resources', since they do not represent
net current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred
until they become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve
accounts.
Special reporting treatments are also applied to governmental fund inventories (11 any) to indicate that they do not
represent 'available spendable resources', even though they are a component of net current assets. Such amounts are
generally offset by fund balance reserve accounts.
Because of their spending measurement focus, expenditure recognition for governmental fund types does not include
amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are
not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the
General Long -Term Debt Account Group.
17
NM NM OM MN OM MN NM NM OM IMM MI = EN I 11111 N M
En II I NM N= MN NM MN OM M NM M a I M N
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note I: Organization and Summary of Significant Accounting Policies (Continued)
c. Functional Classifications
Expenditures of the City are classified by function. Functional classifications are defined as follows:
General Government includes legislative activity, City Clerk, City Attorney, City Manager as well as management or supportive
services across more than one functional area.
Public Safety includes those activities which involve the protection of people and property.
Enoineerino and Public Works includes all maintenance, engineering and capital improvements which relate to streets, sewers,
parks, flood control and other public facilities.
Community Development includes those activities which involve planning and redevelopment as well as building and safety.
Community Services includes those activities which involve the providing of recreational, cultural and educational services.
d. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the
financial statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement.
All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are
recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in
those funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the
use of money and property, interfund transfers, unbilled service receivables and intergovernmental revenue are all considered
measurable and are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items
are, for the most part, not susceptible to accrual and consequently are not recorded until received. Agency funds are purely
custodial (assets equal liabilities) and thus do not involve measurement of results of operations. The assets and liabilities are
accounted for on a modified accrual basis with the exception of the City's Deterred Compensation Plan which is accounted for on
a market value basis in accordance with Statement No. 2 of the Governmental Accounting Standards Board (GASB).
Property tax revenue is recognized on the basis of NCGA Interpretation No. 3; (adopted by GASB) that is, in the fiscal year for
which the taxes have been levied providing they become available. Available means then due, or past due and receivable within
the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60
days) to be used to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax
liens attach annually as of 12:01 A.M. on the first day in March preceding the fiscal year for which the taxes are levied. The
18
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note I: Organization and Summary of Significant Accounting Policies (Continued)
tax levy covers the fiscal period July 1st to June 30th. All secured personal property taxes and one-half of the taxes on real
property are due November 1st; the second installment is due February 1st. All taxes are delinquent, if unpaid, on December 10th
and April 10th respectively. Unsecured personal property taxes become due on the first of March each year and are delinquent,
if unpaid, on August 31st.
Grants, entitlements, or shared revenues recorded in governmental funds are recognized as revenue in the accounting period when
they become susceptible to accrual, i.e., both measurable and available (modified accrual basis). Grants received before the revenue
recognition criteria has been met are reported as deferred revenue, a liability account. Such resources not received are reported
as a receivable if the revenue recognition criteria has been met.
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred;
principal and interest on general long-term debt is recognized when due.
All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned
and become measurable, expenses are recognized when they are incurred if measurable.
e. Budgetary Data
General Budget Policies
The City Council approves each year's budget submitted by the City Manager prior to the beginning of the new fiscal year.
Public hearings are conducted prior to its adoption by the Council. Supplemental appropriations, where required during the
period are also approved by the Council. There were several supplemental appropriations required during the year. There were
no significant non -budgeted financial activities during the year. Actual expenditures may not exceed appropriations at the fund
level. However, the City Manager is authorized to transfer budgeted amounts between funds. Budget data presented in the
financial statements are the final adjusted amount. At fiscal year-end all operating budget appropriations lapse.
Encumbrances
Encumbrances are estimations of costs related to unperformed contracts for goods and services. These commitments are
recorded for budgetary control purposes in the General, Special Revenue, and similar governmental funds. Encumbrances
outstanding at year-end are reported as a reservation of fund balance. They represent the estimated amount of the expenditure
ultimately to result if unperformed contracts in -process at year-end are completed. They do not constitute expenditures or
estimated liabilities.
19
11.1 M M M. M EM M M M.
1111111 I M-- In I—_ N I NM NM M MN N MN
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Budget Basis of Accounting
Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP) except
that for budgeting purposes only encumbrances are treated as expenditures.
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Governmental
Funds present comparisons of the legally adopted budget with actual data on the budgetary basis. The difference between
the budgetary basis and GAAP are also presented and reconciled on this statement. This reconciliation included the following
unbudgeted funds:
Excess of Revenues and
Other Sources over
(under) Expenditures
and Other Uses
Special Revenue Fund Type:
Park Bond Act of 1980 $
Park Bond Act of 1984
f. Other Accounting Policies
Total Columns on Combined Statements
'Memorandum Onty' captions on combined statements - total columns mean that totals are presented for overview informational
purposes only and that they do not fairly present financial position or results of operations for the governmental unit as a whole
in conformity with generally accepted accounting principles. Interfund eliminations have not been made in the aggregation of
these totals.
Investments
Investments are stated at cost. Al June 30, 1969, the City held no land for resale; therefore, no investment in land held for
resale is present in the financial statements.
20
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note I:
Organization and Summary of Significant Accounting Policies (Continued)
Claims and Judgments and Compensated Absences
Claims and Judgments
Only the short-term liability is reflected as a current liability in all applicable governmental fund types, the remainder of the
liability is reported in the general long-term debt account group. The short-term liability which will be liquidated with
expendable available financial resources is the amount of settlement reached, but unpaid, related to claims and judgments
entered. At June 30, 1989, there are no material long-term judgments and claims against the City and no liability is reported
in the general long-term debt account group. In addition, the City has determined that at June 30, 1989, there are no
material incurred but unreported claims against the City.
Compensated Absences
The City utilizes the General Fund to account for its compensated absences The short-term portion is determined to be
the amount due to employees for future absences which is attributable to services already rendered and which is expected
to be paid during the next fiscal year. The total amount of liability for compensated absences is segregated between short-
term and long-term as indicated above and are accordingly reflected in the General Fund and General Long -Term Debt
Account Group.
Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally, an
employee can not accrue more than one and one-half times his regular annual entitlement.
Sick leave is payable when an employee is unable to work because of illness. Any unused sick leave is forfeited upon
termination of employment.
II. STEWARDSHIP
Note 2: Stewardship, Compliance and Accountability
a. The following funds contained deficit fund balances as of June 30:
21
= E MN MN MN 11111 111M SS I I 11111 11111 = MN MN I
N-- I N-- NE NM NM EN NM NE N_- EN
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 2: Stewardship, Compliance and Accountability (Continued)
Special Revenue Funds:
Beautification
Assessment Administration
$ 40,477
57,944
Capital Projects Funds:
Assessment District 89-1 11,835
b. Excess of expenditures over appropriations in individual funds at the fund level are as follows:
Expenditures
Approoriations Excess
Special Revenue Funds:
Gas Tax $ 2,092,560 $ 1,703,369 $ 389,191
Recreation 379,026 372,735 6,291
Beautification 3,051,129 2,991,693 59,436
Community Development Block Grant 710,304 415,113 295,191
Capital Projects Funds:
Capital Reserve 6,693,494 6,452,292 241,202
Assessment District 844 14,076,373 6,572,373 7,504,000
Assessment District 86-2 60,480 57,883 2,597
Assessment District 894 72,369 29,978 42,391
III. DETAIL NOTES ON FUNDS AND ACCOUNT GROUPS
Note 3: Cash and investments
Cash and investments at June 30 consisted of the following:
Pooled Cash $ 12,383,061
Non-negotiable Certificates of Deposits 26,772,563
Pooled Investments 33,144,737
22
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Cash and Investments with Fiscal Agent $ 17,789,883
Investments with Local Agency Investment Fund 22,269,000
Cash and Investment - Deferred Compensation Plan 1,223,766
Total Cash and Investments $ 113.583.010
The City follows the practice of pooling cash and investments of all funds except for funds required to be held by outside fiscal agents
(under the provisions of bond indentures) and funds in its deferred compensation plan.
Interest income earned on pooled cash and investments is allocated to the various funds based on the cash balances. Interest income
from cash and investment with fiscal agent and in the deferred compensation plan is credited directly to the related fund.
Pooled Cash and Non -Negotiable Certificates of Deposit
All pooled cash and non-negotiable certificates of deposit are entirely insured or collateralized. The California Government Code
requires California banks and savings and loan associations to secure a City's deposits by pledging government securities as
collateral. The market value of pledged securities must equal at least 110% of a City's deposits. California law also allows financial
institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City's total deposits.
The City may waive collateral requirements for deposits which are fully insured up to $100,000 by the Federal Deposit Insurance
Corporation (FDIC) or Federal Savings and Loan Insurance Corporation (FSLIC).
Authorized Investments
Under provision of the City's Investment Policy, and in accordance with Section 53601 of the California Government Code, the
City may invest in the following types of investments:
Securities of the U.S. Government, or its agencies
Small Business Administration Loans
Negotiable Certificates of Deposit
Bankers Acceptances
Commercial Paper
Local Agency Investment Fund (State Pool) Deposits
Passbook Savings Account Demand Deposits
Repurchase Agreements
23
N - - - - I - _ MN MN a
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Credit Risk, Carrying Amount and Market Value of Investments
Investments of the City are summarized below. The investments that are represented by specific identifiable investment securities
are classified as to credit risk by three categories as follows: Category 1 includes investments that are insured or registered or
for which securities are held by the City or its agent in the City's name; Category 2 includes uninsured and unregistered investments
for which the securities are held by the broker's or dealer's trust department or agent in the City's name; Category 3 includes
uninsured and unregistered investments for which the securities are held by the broker or dealer, or by its trust department or agent
but not in the City's name.
1
Category
2
Pooled Cash $ 201,100 $ 12,181,961 $
Non-negotiable Certificates of Deposit 13,112,696 13,659,867
Pooled Investments:
Bankers' Acceptance
Commercial Paper
U.S. Govemment Securities
Cash and Investments with Fiscal Agent:
Cash
Mutual Funds
U.S. Government Securities
Investments with Local Agency
investment Fund
Deferred Compensation Plan Investments
Total
14,510,991
957,950
100,000
17,675,796
3
Carrying
Amount
$ 12,383,061 $
26,772,563
14,510,991
957,950
17,675,796
1,135,800 1,235,800
6,320,733 6,320,733
10,233,350
10,233,350
22,269,000 22,269,000
1,223,766 1,223,766
$ 0.882.737 $ 54.886.774 $ g9.613.499 $ 113.583,010 $
24
Market
Value
12,383,061
26,772,563
14,778,098
963,804
18,167,048
1,235,800
6,320,733
10,297,837
22,269,000
1,223,766
114.411.710
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Cash and Investments with Fiscal Agent
The City has monies held by trustees or fiscal agents pledged to the payment or security of certain bonds, certificates of
participation, and lease obligations. The California Government Code provides these monies, in the absence of specific statutory
provisions governing the issuance of bonds, certificates, or leases, may be invested in accordance with the ordinance, resolutions
or indentures specifying the types of investments its trustees or fiscal agents may make. These ordinances, resolutions, and
indentures are generally more restrictive than the City's general investment policy. In no instance have additional types of
investments, not permitted by the City's general investment policy, been authorized.
Cash and Investments - Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The
market value of the plan assets at June 30, 1989 is $1,223,766. See Note 17 for additional information about this plan.
Note 4: Unearned Grants
Because various federal and state subventions and grants have not been received nor the revenue recognition criteria met, the following
awards are not reflected in the financial statements:
Amount
Federal Aid Urban $ 140,956
Community Development Block Grant 737,873
Park Bond Acts 723,695
Pedestrian Grants 4.333
Total $ 1.606.857
Note 5: Deposits
The City has made a condemnation deposits of $635,000 with the San Bernardino Superior Court in connection with the Northeast
Community Park Project. The deposit is reported in the Park Development Fund, a Special Revenue Fund.
25
M I MI I OM MN
E - - - - M ME - M - NM M - - - - - ME NM
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 6: Changes in General Fixed Assets
A summary of changes in general fixed assets follows:
Balance Balance
June 30. 1988 Additions Deletions June 30. 1989
Purchased/Contributed Assets.
Land $ 23,599,603 $ 5,685,830 $ $ 29,285,433
Building and structures 2,720,437 154,445 2,874,882
Office furniture 297,816 42,490 583 339,723
Equipment and vehicle 2,649,905 853,802 107,163 3,396,544
Assets acquired under capital
lease - equipment 260,516 416,550 677,066
Construction in progress 2.160.418 12.669.517 - 14.829.935
Total $ 31.688.695 $ 19.822.634 $ 107.746 $ 51.403 5„$3
Note 7: Proprietary Fund Fixed Assets
A summary of proprietary fund type property, plant and equipment is presented below:
Allowance
Estimated Fixed for Net
Useful Life Assets Depreciation Book Value
Internal Service:
Purchased assets:
Automotive equipment 5 years $ 635,638 $ 357,169 $ 278,469
Other equipment 5-10 years 45,267 14,759 30,508
Assets acquired through capital
leases - equipment 5-10 years 183.060 69,148 113.912
Total
26
$ 863,965 $ 441,076 $ 422.609
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 8: Pension Plan Obligations
a. Plan Description
The City contributes to the California Public Employees Retirement System (PERS), an agent multiple -employer public employee
retirement system that acts as a common investment and administrative agent for participating public entities within the State of
California. The City's total payroll was $7,594,243 of which $7,037,782 was the payroll for employees covered by the system for
the year ended June 30, 1989.
All full-time and part-time City employees who are eligible may participate in the system. To be eligible for service retirement an
employee must be at least age 50 and have 5 years of PERS-credited service. For non -safety employees the benefits are payable
monthly for fife, in an amount that varies from 1.092 percent at age 50 to 2.418 percent at age 63 (for each year of credited
service) of their final compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other
requirements are established by State statute and City ordinance.
'Final Compensation' is the average monthly pay rate for the last consecutive 36 months (or any other 36 month period if higher);
however, with respect to public safety employees only the average monthly pay rate for the last consecutive 12 months (or another
12 consecutive months if higher) may be used if the entity's contract with PERS provides for one year final compensation.
b. Employee and Employer Contribution Obligations
The City contributes 7% of their salaries to the system on behalf of member employees. The City also contributes the remaining
amounts necessary to fund the benefits for its members, using the actuarial basis recommended by the PERS actuaries and actuarial
consultants and adopted by the Board of Administration.
c. Funding Status and Progress
The amount shown below as the *pension benefit obligation' is a standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases and step -rate benefits, estimated to be payable in the future as a
result of employee service to date. The measure is intended to help users assess the funding status of the system on a going -
concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among
employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method
used to determine contributions to the system.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1988. Significant actuarial
assumptions used in the valuation include (1) a rate of return on the investment of present and future assets of 8.5% a year
compounded annually, (2) projected salary increases of 5% a year compounded annually, attributable to inflation, (3) additional
projected salary increases of 2% a year, attributable to seniority/merit, and (4) no postretirement benefit increases.
27
a NM I M ME 0.1 IMIN OM M M NS 111111 I
NM N-- E-- MN NM I N-- I N-- - I
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 8: Pension Pian Obligations (Continued)
The total assets in excess of pension benefit obligation applicable to the employees was $834,840 at June 30, 1988 as follows:
Pension Benefit Obligation:
Retirees and beneficiaries currently
receiving benefits and terminated
employees not yet receiving benefits
$ 303,020
Current employees:
Accumulated employee contributions
including allocated investment earnings 1,582,927
Employer -financed vested 1,189,413
Employer -financed nonvested 379.640
Total Pension Benefit Obligation 3,455,000
Net assets available for benefits at cost
(Market Value = $4,851,809) 4,289,840
Assets in Excess of Pension Benefit Obligation $ 834,$4Q
d. Contributions Required and Contributions Made
PERS used the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is, it takes into account
those benefits that are expected to be earned in the future as well as those already accrued.
According to this cost method, the normal cost for an employee is the level amount which would fund the projected benefit if it
were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which
the employer's total normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll
method to amortize any unfunded actuarial liabilities. The amortization period of the unfunded actuarial liability ended in the year
2000.
28
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 8: Pension Pian Obligations (Continued)
The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those
used to compute the pension benefit obligation, as previously described.
The contribution to the system for the year ended June 30, 1989 of $460,356 was made in accordance with actuarially determined
requirements computed through an actuarial valuation performed as of June 30, 1988. The contribution consisted of (1) $975,186
normal cost (13.85% of current covered payroll) and (2) a negative $514,830 amortization of the unfunded actuarial accrued liability
(-7.32% of current covered payroll) as a result of a surplus actuarial asset account applying against the unfunded actuarial liability.
During the year, the City contributed $492,645 (7% of current covered payroll) on behalf of member employees. However, as a
result of a partial offset of the surplus actuarial assets, the net contribution amounted to only $460,356.
e. Trend Information
Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. Systemwide
ten-year trend information is not yet available.
The three-year trend information follows:
1986-87
1987-88 1988-89
Net assets available for benefits
expressed as a percentage of the
pension benefit obligation 137.7 % 124.2 % N/A
Assets in excess of pension benefit
obligation, expressed as a percentage
of annual covered payroll 21.2 % 13.5 % N/A
Employer contributions expressed as a
percentage of annual covered payroll.
These contributions were made in
accordance with actuarially determined
requirements
N/A
0.6 % 0 %
29
1.11 IIIII M M I EM M I MI In
I= M I I N MI MI I M M M OM OM MN M MI_ M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 8: Pension Plan Obligations (Continued)
For the fiscal year 1988-89, the net assets available for benefits expressed as a percentage of the pension benefit obligation and
the unfunded (assets in excess of) pension benefit obligation, expressed as a percentage of annual covered payroll are not
presented as the pension benefit obligation for the current year was not computed.
Note 9: Deferred Revenue
Deferred revenue as of June 30, 1989 consists of the following:
General Fund - interest accrued on advances to Rancho Cucamonga
Redevelopment Agency which is measurable but not available
Special Revenue Funds - development fees collected in advance from various
developers for future improvement projects. They are reported as follows:
Beautification $ 34,970
Systems Development 514,865
Drainage Facilities 1.908
$ 1,527,421
551,743
Total $ 2.079.164
Note 10: Long -Term Debt
a. A description of individual issues of tax allocation bonds outstanding as of June 30, 1989 (excluding defeased bonds) follows:
Tax Allocation Bonds
1. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, Refunding Tax Allocation Bonds, 1987 Series A
($9,300,000) - These bonds are dated May 8, 1987 and were issued to provide for the advance refunding of $7,750,000
Redevelopment Agency of the City of Rancho Cucamonga Tax Allocation Bonds, 1984 Series A and to repay $560,641 of loans
made by the City of Rancho Cucamonga to the Rancho Cucamonga Redevelopment Agency. Interest is payable semiannually
on May 1 and November 1 of each year commencing November 1, 1987. The bonds mature on the dates, in amounts and
bear interest as follows:
30
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
Maturity Maturity
Date Principal Interest Date Principal Interest
May 1 Amount Rate May 1 Amount Rate
1990 $ 105,000 5.600 % 1997 $ 165,000 7.100 %
1991 110,000 5.900 1998 180,000 7.200
1992 120,000 6.100 1999 195,000 7.300
1993 125,000 6.300 2000 210,000 7.400
1994 135,000 6.500 2001 230,000 7.500
1995 140,000 6.700 2002 245,000 7.600
1996 150,000 6.900 2006 1,215,000 7.750
2016 5,775,000 7.875
The bonds maturing on or before May 1, 1997, are not subject to redemption prior to their stated maturities. Bonds maturing
on or after May 1, 1998, are subject, at the option of the Agency, to redemption, in whole or in part, prior to their stated
maturities on any Interest Payment Date, commencing May 1, 1997. The bonds maturing on May 1, 2006 and May 1, 2016
(the 'Term Bonds') are subject to mandatory redemption in part from sinking account installments. These installments commence
May 1, 2003 and continue through May 1, 2016 in various amounts.
Pledged revenue for this issue is described below.
2. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, Tax Allocation Bonds, 1986 Series A ($32,345,000) -
These bonds are dated August 1, 1986 and were issued to finance various redevelopment activities including the construction
of public improvements. Interest is payable semiannually on May 1 and November 1 each year commencing May 1, 1987. The
bonds mature on the dates, in amounts and bear interest as follows:
31
MI NM M M M MI I M
MN O - - - - - I I NM N - - - I - - N E
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
Maturity Maturity
Date Principal Interest Date Principal Interest
May 1 Amount Rate May 1 Amount Rate
1990 $ 415,000 7.300 % 1997 $ 640,000 7.375 %
1991 435,000 7.300 1998 690,000 7.400
1992 465,000 7.300 1999 740,000 7.500
1993 490,000 7.300 2000 790,000 7.600
1994 525,000 7.375 2001 850,000 7.600
1995 560,000 7.375 2002 915,000 7.600
1996 600,000 7.375 2016 23,100,000 7.700
Bonds maturing on or before May 1, 1993, are not subject to call and redemption prior to their stated maturities. Bonds
maturing on or after May 1, 1994, are subject, at the option of the Agency, to call and redemption prior to their stated
maturities on any interest payment date commencing May 1, 1993. Bonds maturing May 2016 (the 'Term Bonds') are subject
to mandatory redemption in part from sinking account installments on May 1, 2003, and on each May 1 thereafter up to and
including May 1, 2015.
Concurrently with the issuance of the bonds, Financial Guaranty Insurance Company, doing business in California as FGIC
Insurance Company ('Financial Guaranty), will issue its Municipal Bond New Issue Insurance Policy for the bonds ('the Policy).
The Policy unconditionally guarantees the payment of that portion of the principal and interest on the bonds which has become
due for payment, but shall be unpaid by reason of nonpayment by the issuer. The Policy is non -cancellable and the premium
will be fully paid at the time of delivery of the bonds. The Policy covers failure to pay principal of the bonds on their respective
stated maturity dates, or dates on which the same shall have been called for mandatory sinking fund redemption, and not on
any other date on which the bonds may have been accelerated, and covers the failure to pay an installment of interest on the
stated date for its payments.
Pledged revenue for this issue is described below.
Pledaed Revenues
The Revenues, except as provided below, are pledged in their entirety to the payment of principal of, and interest on and
redemption premium, it any, on the bonds listed above and are referred to in the applicable series resolutions, as 'Pledged Tax
Revenues'.
32
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
Pledged Tax Revenues do not include that portion of Tax Revenues derived from the Project Area which are required by Section
33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and
be used for the purpose of increasing and improving the community's supply of low and moderate income housing. Pledged
Tax Revenues also do not include that portion of Tax Revenues derived form the Project Area which are required to be used
by the Agency in accordance with the provisions of certain agreements entered into by the Agency. The Agency has entered
into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered
into with (i) the Chino Basin Municipal Water District, (11) the County of San Bernardino on behalf of the County Free Library
and the San Bernardino County Flood Control District, (iii) the Cucamonga County Water District and (iv) the Foothill Fire
Protection District. Under the terms of these agreements, the Agency has agreed that certain Tax Revenues attributable to those
areas and which are allocated to the Agency pursuant to Section 33670(b), shall be pledged by the Agency to make certain
cash payments or in lieu of contributions to each affected taxing agency. Such payments are to be made from Tax Revenues
allocated to the Agency. Pledged Tax Revenues also do not include interest income on the various funds and accounts
created by the series resolutions. Any such investment income is available to the Agency to meet debt service payments on
the bonds but is not specifically pledged therefor.
In addition to providing for the pass-through of Tax Revenue to the County Free Library and the San Bernardino County Flood
Control District, the agreement between the Agency and the County of San Bernardino also provides that Tax Revenues which
would have been allocated to the County had not the Redevelopment Plan been adopted will be fully allocated to the Agency
until fiscal year 1998-1999. The agreement, however, further provides that the Agency must use such Tax Revenues for the
development of certain regional facilities, as agreed to between the County and the Agency. The Agency anticipates satisfying
this regional facilities requirement with certain previously received bond proceeds.
b. A description of individual issues of certificates of participation outstanding as of June 30, 1989 follows:
1. $6,390,000 Certificates of Participation, California Cities Financing Corporation, 1988 Series B - On October 4, 1988, the California
Cities Financing Corporation issued $6,390,000 in Certificates of Participation with an average interest rate of 6.56% to assist
the City in tax-exempt financing for its Central Park project. The City applied the net proceeds of the Certificates to the
repayment of an outstanding note with Lewis Construction Co., Inc. The City has covenanted in its lease agreement with the
Corporation to budget for, appropriate and make the lease payments to the Corporation each year during which it has use and
possession of the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable
for all lease payments on an annual basis should the City default on its obligation to make lease payments.
33
ININ MI ME I M- I--___ NM NM M MN MN s
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
2. $2,875,000 Certificates of Participation, Rancho Cucamonga Public Improvement Corporation - On December 29, 1988, the Rancho
Cucamonga Public Improvement Corporation issued $2,875,000 in Certificates of Participation with an average interest rate of
7.03% to render financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements
for its Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres
of land which the City intends to develop as the Community Park. The City has covenanted in its lease agreement with the
Corporation to budget for, appropriate and make the lease payments to the Corporation each year during which it has use and
possession of the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable
for all lease payments on an annual basis should the City default on its obligation to make lease payments.
The Corporation is treated as a component unit of the reporting entity and is reported as a debt service fund and capital
projects fund.
3. $9,500,000 Certificates of Participation, Rancho Cucamonga Redevelopment Agency - On June 8, 1988, the Rancho Cucamonga
Redevelopment Agency issued $9,500,000 in Certificates of Participation with an average interest rate of 7.99% to purchase land,
construct fire stations, and purchase fire fighting equipment. The City is required under the lease agreement to make lease
payments to the Agency. However, under the reimbursement agreement, the Agency is obligated to provide an amount of tax
increment revenue equal to the lease payments to the City for the purpose of making lease payments. The Certificates maturing
on May 1, 2018 are subject to mandatory redemption starting on May 1, 2005 and on each May 1 thereafter in amounts ranging
from $280,000 to $780,000. The Certificates maturing on or before May 1, 1995 are not subject to call or redemption prior to
their stated maturities.
c. Notes Payable
On May 24, 1984, a land
purchase a parcel of land
installment payments which
principal installment at the
of $6,390,000 Certificate of
purchase and gift agreement was entered into between the City and Lewis Construction Co., Inc. to
for public park purposes. The purchase price of $5,173,000 is payable in ten equal annual principal
commenced August 1, 1985. Each annual payment additionally includes accrued interest on the annual
rate of 12% per annum. This note was retired on October 4, 1988 from the proceeds of the issuance
Participation, California Cities Financing Corporation, 1988 Series B (See Note 10.b.1).
d. Advances to Other Funds
During the current and prior fiscal years, the City of Rancho Cucamonga has loaned the Rancho Cucamonga Redevelopment Agency
funds for use in financing various projects. The loans which amount to $6,495,455 as of June 30, 1989 bear interest at rates of
6.5-7.3% per annum and are payable as funds become available to the Agency. As of June 30, a total of $1,527,421 matured
interest due on these loans has been added to principal. As this interest is not payable currently, the City has recognized deterred
revenue in this amount.
34
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
On September 16, 1987, the Rancho Cucamonga Redevelopment Agency loaned the City $4,290,000 for use in financing various
public safety and parking structures and offsite improvements. This loan was made to the Capital Reserve Fund and it is interest
free. This loan is payable in 20 equal annual installment payments due on the last day of each fiscal year commencing with the
first fiscal year during which the facility is fully occupied. As this loan was made to a City Capital Project fund while the loans
from the City to the Agency are carried by the General Fund, Special Revenue and Agency funds, the accounting for these
transactions has recorded each individually rather than offsetting this loan against amounts advanced from the City.
e. Capital Lease Obligation
The City entered into equipment lease purchase agreements with various vendors. The following is a schedule by years of future
minimum lease payments as of June 30, 1989.
Fiscal Year
1989-90
1990-91
1991-92
1992-93
Internal
Service Fund
$ 33,606
Long -Term Debt
Account Group
$ 162,552
141,492
120,433
96.883
Total Minimum Lease Payments 33,606 521,360
Less: Amount Representing Interest (2,687) 83,069
Present Value of Net Minimum Lease Payments $ 30.919 $ 438 291
f. The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1989:
35
MO MO 11. E M N 1111 111111 111M
MN N I N SI I M-- 1 I I-- SE MN= N I
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
Bonds:
Tax Allocation Bonds, 1986 Series A
Refunding Tax Allocation Bonds, 1987 Series A
Total Bonds
Certificates of Participation:
Central Park Acquisition
Public Improvement Corporation
Fire Facilities Project
Total Certificates of Participation
Notes:
Lewis Construction Co.
Advances:
City of Rancho Cucamonga
Matured unpaid interest added to principal
Rancho Cucamonga Redevelopment Agency
Total Loans
Obligations under Capital Leases
Accrued Employee Benefits
Total
36
Outstanding
July 1. 1988
$ 31,610,000
9, 200.000
40,810,000
9.500.000
9,500.000
3,621,450
4,495,455
1,142,423
4,290.000
9,927,878
170.011
402, 504
$ 64 431.$43
Additions
6,390,000
2,875,000
9,265,000
6,003,009
384,998
6,388,007
416,551
82, 889
Deductions
$ 395,000
100,000
495,000
100, 000
100.000
3,621,450
4,003,009
4,003.009
148.271
$ 16.152.447 $ 8.367.730
Outstanding
June 30. 1989
$ 31,215,000
9,100, 000
40,315,000
6,390,000
2,875,000
9,400.000
18, 665.000
6,495,455
1,527,421
4.290, 000
12,312,876
438,291
485,393
$ 72 216,560
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: Long -Term Debt (Continued)
g. The following schedule illustrates the debt service requirements to maturity for bonds, notes and loans outstanding as of June 30,
1989:
Fiscal Year
1989-90
1990-91
1991-92
1992-93
1993-94
Later years
Total Debt Service
Less Interest
Total Principal
Bonds
$ 3,598,008
3,586,833
3,588,588
3,577,323
3,578,678
78.988.190
96,917,620
(56,607,620)
$ 40.315.000
Certificates
of
Participation Loans Total
$ 2,539,850 $ 12,312,876 $ 18,450,734
2,533,740 6,120, 573
2,535,768 - 6,124,356
2,535,175 6,112,498
2,530,377 6,109,055
23.500,133 - 102, 488, 323
36,175,043 12, 312, 876 145, 405,539
(17,510,043) -
$ 18.665.000 $ 12.312.876
(74 112,663)
$ 71.292,876
Loans outstanding do not have fixed amortizations. As funds will be repaid when available, amounts above represent the loan
balance as of June 30, 1989 plus matured interest due at that date and one year's additional interest accrual.
Note 11: Other Special Obligations
The following issues of Residential Mortgage Revenue Bonds, Certificates of Participation and Special Assessment Bonds are not reflected
in the Long -Term Debt Account Group because these are special obligations payable solely from and secured by specific revenue
sources described in the resolutions and official statements of the respective issues. Neither the faith and credit nor the taxing power
of the City, the Redevelopment Agency, the State of California or any political subdivision thereof, is pledged for the payment of these
bonds:
37
ME MO E UM OM NM ME E M N NM N MN
M M IS IS IS OM MI N NM I MI N UM MO NM NM I a MN
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Other Special Obligations (Continued)
Original
Amount
City of Rancho Cucamonga Home Mortgage Revenue Bonds:
1984 Series A $ 27,825,000
1985 Series A 53,725,000
Rancho Cucamonga-Palmdale-Porterville-Colton Housing Finance Agency,
Single Family Mortgage Revenue Bonds, Series 1986 17,505,000
Rancho Cucamonga Redevelopment Agency,
Residential Mortgage Revenue Bonds:
1983 Series A 36,200,000
1984 Series A 21,375,000
Covina -Rancho Cucamonga -Calexico -Downey Housing
Finance Agency, Residential Mortgage Revenue Bonds 22,074,000
Certificate of Participation:
Kanter and Foothill Property 3,100,000
City of Rancho Cucamonga:
Improvement Bonds, Improvement District 85 -PD 7,334,776
Improvement Bonds, Assessment District No. 82-1R 5,961,249
Community Facilities District No. 84-1,
Special Tax Bonds, Series A 18,000,000
Improvement Bonds, Assessment District 84-2 1,716,794
Improvement Bonds, Assessment District 86-2 2,059,352
Total $ Z.16 876.171
Note 12: Prior -Year Defeasance of Debt
In prior years, the City defeased tax allocation bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all
future debt service payment on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not
included in the City's financial statements. On June 30, 1989 $7,475,000 of bonds outstanding are considered deceased.
38
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 13: Interfund Receivables and Payables
The individual fund interfund receivable and payable balances at June 30, 1989 are as follows:
General Fund
Interfund Interfund
Receivables Payables
$ 1,715,146 $ 409,874
Special Revenue Funds:
SB 325 12,904
Pedestrian Grant 817 40,568
Federal Aid Urban 136,523 147,455
Community Development Block Grant 23,765
Assessment Administration 37,090
Debt Service Funds:
Redevelopment Agency
Capital Projects Funds:
Assessment District 84-1
Assessment District 86-2
Redevelopment Agency
1,339,834 1,788,534
3,859
448,700
Agency Funds:
Assessment District 84-1 986,827
Assessment District 86-2 102,900
Assessment District 85 -PD 34.080
Total $ 4.781.590
Note 14: Fund Equity
a. Reservation of Fund Balance
1,347,477
986,827
$ 4.781.590
The City has established certain fund balance reserve accounts to report the amounts in the following funds which represent
amounts restricted for a specified purpose or fund balances which are not available for appropriation in future periods.
39
In M NM N I I MI OM - I - _ _ NM NM I - _ M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
General Fund
Special Revenue Funds:
Gas Tax
SB 325
Recreation
Park Development
Beautification
68 300
Lighting Districts
Landscape Maintenance Districts
System Development
Drainage Facilities
Pedestrian Grants
Federal Aid Urban
Community Development Block Grant
Assessment Administration
Total Special Revenue Funds
Capital Projects Funds:
Capital Reserve
Assessment District:
82-1R
84-1
84-2
86-2
85-P.D.
89-1
Fire Facilities Improvement
Redevelopment Agency
Total Capital Projects Funds
Total
Reserved for
Advances to Reserved for
Other Funds Encumbrances
$ 3,035,000 $ 746,954
225,000
2,000,000
65,000
950,455
120,000
240,897
536,256
29,135
82,372
745,393
3,886
12,648
63,361
1,289,405
570,655
4,093
250,229
45,208
3,360,455 3,873,538
100,000
4,290 000
4,390,000
$ 10.785.455
40
3,539,154
48,939
8,274,955
57,413
53,291
1,214,319
60,534
4,289,426
17,538,031
$ 22.158.523
Reserved Reserved
for Tree for Land
Replacement Acquisitions Total
$ $ $ 3,781,954
26,825
26.825
1,464, 752
240,897
761,256
29,135
2,082,372
745,393
3,886
12,648
90,186
1,354,405
1,521,110
4,093
120,000
250,229
45,208
7,260,818
3,539,154
48,939
8,374,955
57,413
53,291
1,214,319
60,534
1,464,752
8 579,426
1,464,752 23,392,783
$ 2.6 825 $ 1,464,752 $ 34 435,555
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
1. Reserve for Advances to Other Funds
This reserve is used to indicate that the long-term portion of Advances to Other Funds do not represent available, spendable
resources even though they are a component of total assets
2. Reserve for Encumbrances
Amounts reserved for encumbrances are commitments for materials and services or purchase orders and contracts which are
unperformed.
3. Reserve for Tree Replacement
This reserve was established in accordance with a City Council Resolution which required resources be set aside for future tree
replacement within the landscape maintenance districts.
4 Reserve for Land Acquisition
This reserve was established in accordance with a Redevelopment Agency Governing Board resolution which required resources
be set aside for land acquisition with respect to the Fire Facility Improvement Project.
b. Unreserved - Designations
The City has established certain designations to indicate tentative managerial plans or intent.
Designated for Special Purposes'
General Fund:
Designated for self-insurance
Designated for changes in economic conditions
Designated for employee benefits
$ 583,423
1,069,709
296,634
Total General Fund $ 1,949,766
41
1.11 S ME I 1.1. 111111 i'
M= N II= M NM E UM NM M__ M MI M OM NM a M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Designated for Debt Service
Debt Service Funds:
Central Park Acquisition $ 661,239
Public Improvement Corporation 290,275
Fire Facilities Improvement 899,546
Redevelopment Agency 8,909,591
Total Debt Service Funds $ 10,760,651
Designated for Pass -Through Agreements
Capital Projects Funds:
Redevelopment Agency
Total
Note 15: Restatements and Reclassifications
a. Restatements
1. Debt Service Funds
4,309,278
$ 17.019,695
The 1988 amounts have been restated to reflect $860,024 proceeds from issuance of the certificates of participation on June
8, 1988. See Note 10.b.3 for details. As a result, fund balance and cash and investments with fiscal agent in the Fire Facilities
Improvement Fund have been increased by the same amount.
2. Capital Projects Funds
The 1988 amounts have been restated to reflect $8,453,140 proceeds from issuance of the certificates of participation on June
8, 1988. See Note 10.b.3 for details. As a result, fund balance and cash and investments with fiscal agent in the Fire Facilities
Improvement Fund have been increased by the same amount.
42
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 15: Restatements and Reclassifications (Continued)
3. Agency Funds
Cash and investments with fiscal agent and special assessment bond reserves have been increased by $2,322,293 at June 30,
1988 to reflect the reserve held by the Trustee for $18,000,000 Community Facilities District No. 84-1, Special Tax Bonds, Series
A issued on August 28, 1985. The Bonds were issued pursuant to the Mello -Roos Community Facilities Act of 1982, and as
result were special obligations payable solely from the annual assessment levied by the City on land within the District. The
Bonds are not reported as the City's general long-term debt. The City acts as an agent to collect assessment and to pay
bondholders.
b. Reclassifications
Certain reclassifications have been made to the June 30, 1988 financial statements to conform to 1989 presentation.
IV. OTHER DISCLOSURES
Note 16: Summary Disclosure of Self -Insurance Contingencies
The City is self-insured for the first $100,000 on each general liability claim against the City. The insurance coverage in excess of the
self-insured amount is provided by California Municipal Insurance Authority (CMIA) up to a limit of $5,000,000.
Effective June 1, 1986, the City became a member of the California Municipal Insurance Authority, a joint powers authority of 22
California cities, for the purpose of pooling the City's risk for general liability losses with those of other member cities. The City's share
in the pool was approximately 12% as of June 30, 1989. The Governing Board of CMIA is comprised of directors nominated and
selected by each member city. Each governing board member has one vote regarding all financial and management issues coming
before the board.
43
ME E M MI 111111 M I M = I OM =
! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 16: Summary Disclosure of Self -Insurance Contingencies (Continued)
Summarized financial information of the CMIA for the fiscal year ended June 30, 1989 is as follows:
Revenues $ 2,392,418
Expenses 2,040,302
Excess of Revenue Over Expenses Before
Retrospective Premium Adjustment 352,116
Retrospective Premium Adjustment (256,649)
Net Increase in Fund Balance $ 95 467
Total Assets $ 3.517.914
Total Liabilities $ 3,421,547
Total Fund Balance 95.467
Total Liabilities and Fund Balance $ 3.517.014
The CMIA has obtained an excess liability insurance policy of $4,000,000 in excess of $1,000,000 self-insurance retention.
The City is involved in litigation arising in the normal course of business Although the legal responsibility and financial impact with
respect to such litigation cannot be presently ascertained, based on information from the service agent and others involved with the
administration of the programs, the City believes that the self-insurance designation of $583,423 is adequate to cover such losses.
The self-insurance administrator has estimated an aggregate amount of $413,966 to be a potential liability loss
Note 17: Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan,
available to all employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available
to employees until termination, retirement, death, or unforeseeable emergency.
44
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 17: Deferred Compensation Plan (Continued)
All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable
to those amounts, property, or rights are (until paid or made available to the employee or other beneficiary) solely the property and
rights of the City (without being restricted to the provisions of the benefits under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan are equal to those of general creditors of the City in an amount equal to the
fair market value of the deferred account for each participant.
It is the opinion of legal counsel that the City has no liability for losses under the plan but does have the duty of due care that would
be required of an ordinary prudent investor.
As of June 30, 1989 the following balances of assets and liabilities were present:
Total Assets
Liability to Plan Participants
Cost Value Market Value
$ 1.223.766 $ 1.2232,0A
$ 1.223.766 $ 1.223 766
45
i MO M - M - - - - E = i,
GENERAL FUND
The General Fund is used to account for all of the general revenues of the City not specifically
levied or collected for some special purpose, and for the expenditures related to the rendering of
general services by the City. The General Fund is established to account for all financial
resources except those required to be accounted for in another fund.
111 I 1 1i 1 1 1 11 1i
I '
UNR3 ZVHaNaf
This page intentionally left blank.
MN E N= I I I M OM- MI NM NM I N I IMO s
ASSETS
Cash and investments
Receivables (net of allowance for uncollectibles):
Taxes
Accounts
Interest
Due from other funds
Advances to other funds
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued payroll payable
Accrued employee benefits payable - current
Due to other funds
Deferred revenue
Total Liabilities
Fund Balances:
Reserves:
Reserved for encumbrances
Reserved for advances to other funds
Unreserved:
Designated for sett -insurance
Designated for changes in economic conditions
Designated for employee benefits
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
CITY OF RANCHO CUCAMONGA Schedule 1
BALANCE SHEET
GENERAL FUND
JUNE 30, 1989
46
1989 1988
$ 6,021,315 $ 6,190,953
465,671 389,427
201,423 130,354
165,075 138,573
1,715,146 241,110
4,562,421 4,177,423
$ 13,131,051 $ 11,267,840
$ 170,991 $ 681,571
280,070 183,435
514,393 403,139
409,874 118,728
1527,421 1,142,423
2,902,749 2,529,296
746,954
3,035,000
644,939
3,035,000
583,423 583,423
1,069,709 1,069,709
296,634 356,405
4,496,582 3,049,068
10,228,302 8,738,544
$ 13,131,051 $ 11,267,840
CITY OF RANCHO CUCAMONGA
STATEMENT OF REVENUES, EXPENDrrURES AND CHANGES IN FUND BALANCES
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Revenues:
Taxes
Licenses and permits
Fines and forfeits
Use of money and property
Intergovernmental
Charges for services
Other
Total Revenues
Expenditures:
Current:
General government
Public safety
Engineering and public works
Community development
Community services
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over (under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under) Expenditures
and Other Uses
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
47
Schedule 2
1989 1988
$ 8,167,364
2,902,943
264,831
459,603
3,600,119
3,581,861
2,209,548
$ 8,820,077
2,548,542
256,861
373,735
2,787,278
3,094,404
478,584
21,186,269 18,359,481
5,186,886
6,117,980
5,837,105
2,755,691
825,921
4,015,283
5,335,172
3,988,871
2,263,460
727,419
122,704 50,684
19,918 18,743
20, 866,205 16, 399,632
320,064 1,959,849
1,355,543
(491,169)
305,320
1,693,807
(2,647,986)
1,169,694 (954,179)
1,489,758 / 1,005,670
8,738,544 7,732,874
$ 10,228,302 $ 8,738,544
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
am um a- u--- u- on a- a_ E-- a
CITY OF RANCHO CUCAMONGA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Revenues:
Property taxes
Other taxes:
Property transfer tax
Transient occupancy tax
Sales and use taxes
Admission tax
Unitary tax
Franchise taxes
Total Taxes
Licenses and permits:
Building permits
Business licenses
Other permits
Total Licenses and Permits
Fines, forfeits and penalties:
Court fines
Total Fines and Forfeits
Use of money and property:
Interest income
Rent
Total Use of Money and Properly
48
Schedule 3
1989 1988
Variance -
Favorable
Budget Actual (Unfavorable) Actual
$ 1,412,721 $ 1,477,790 $ 65,069 $ 1,383,181
399,411 528,921 129,510 432,133
2,500 2,515 15 2,055
3,956,232 4,395,299 439,067 3,762,624
201,670 183,461 (18,209) 217,134
126,000 67,483 (58,517)
1,294,561 1,511,895 217,334 3,022,950
7,393,095 8,167,364 774,269 8,820,077
1,517,801 2,059,121 241,320 1,773,888
894,000 826,627 (67,373) 765,194
10,479 17,195 6,716 9,460
2,722,280 2902,943 180,663 2,548,542
240,496 264,831 24,335 256,861
240,496 264,831 24,335 256,861
847,668 459,565 (388,103) 371,935
57 38 (19) 1,800
847,725 459,603 (388,122) 373,735
CITY OF RANCHO CUCAMONGA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Intergovernmental:
Cigarette tax
Motor vehicle in lieu
Trailer coach
Homeowners exemption and other subvention
O8 -highway motor vehicle
Cost reimbursements
Total Intergovernmental
Charges for services:
Plan check fees
Planning fees
Engineering tees
Sale of materials
Other charges for services
Total Charges for Services
Other:
Cost reimbursements
Miscellaneous revenue
Sale of surplus properties
Total Other
Total Revenue
49
Budget
1989
Schedule 3
(Continued)
1988
Variance -
Favorable
Actual (Unfavorable) Actual
$ 169,844 $ 171,401 $ 1,557 $ 167,952
3,105,231 3,304,520 199,289 2,587,956
14,114 14,114 13,108
12,268 4,703 (7,565) 16,610
1,901 1,611 (290) 1,652
191,479 103,770 (87,709)
3,480,723 3,600,119 119,396 2,787,278
790,888 982,384 191,496 1,315,117
228,385 171,883 (56,502) 267,874
2,383,850 2,368,794 (15,056) 1,457,459
54,378 58,350 3,972 53,729
350 450 100 225
3,457,851 3,581,861 124,010 3,094,404
947,967 2,164,299 1,216,332 473,249
33,953 36,444 2,491 101
4,900 8,805 3,905 5,234
986,820 2,209,548 1,222,728 478,584
19,128,990
21,186,269 2,057,/9 18,359,481
11111 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
M-= I I OM NM- 11 OM NM M MN I-- M IS
Expenditures:
General government:
City council
City manager
City clerk
Personnel overhead
General overhead
Fringe benefits
Treasurer
Administrative services
Finance
Business licenses
Personnel
Purchasing
Risk management
City facilities
Total General Government
Public safety:
Sheriff contract services
Emergency preparedness
Total Public Safety
CITY OF RANCHO CUCAMONGA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
50
Budget
Schedule 3
(Continued)
1989 1988
Variance -
Favorable
Actual (Untavorabie) Actual
36,697 $ 35,625 $ 1,072 $ 34,063
360,264 347,090 13,174 242,349
192,169 161,076 31,093 116,551
2,667,650 1,785,912 881,738 1,376,584
491,127 1,044,783 1553,656) 573,167
250,000 248,200 1,800 233,628
1,412 667 745 1,307
172,056 159,783 12,273 161,213
361,642 303,791 57,851 249,968
141,653 95,435 46,218 94,822
140,760 132,395 8,365 178,894
108,712 94,034 14,678 94,111
47,136 48,614 (1,478) 28,686
1,035,711 862,154 173,557 711,172
6,006,989 5,319,559 687,430 4,096,515
6,130,373 5,979,046 151,327 5,323,089
207,852 206,551 1,301 67,486
6,338,225 6,185,597 152,628 5,390,575
CITY OF RANCHO CUCAMONGA
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Engineering and public works:
Engineering administration
Development management
Traffic managemerd
Project management
Construction management
Street and park maintenance
Street lighting
Total Engineering and Public Works
Community development
Planning commission
Administration
Planning
Historical preservation commission
Building and safety
Total Community Development
Community services:
Community services
Park and recreation commission
Total Community Services
Debt service:
Principal
Interest and fiscal charges
Total Debt Service
Total Expenditures
Excess of Revenues over (under) Expenditures
51
Schedule 3
(Continued)
1989 1988
Variance -
Favorable
Budget Actual (Unfavorable) Actual
$ 464,559 $ 452,730 $ 11,829 $ 375,066"
1,115,968 948,761 167,207 659,209 /
205,965 192,429 13,536 139,269 i.---
159,834
159,834 93,518 66,316 38,925.,
467,830 425,298 42,532 393,785/
4,153,664 3,787,216 366,448 2,187,0341
425,000 417,388 7,612 454,168,--
6,992.820
54,168✓
6,992.820 6,317,340 675,480 4,447,456
17,10015,493 1,607 12,228
338,131 253,553 84,578 255,399'
1,636,695 1,241,567 397,328 1,012,415'
3,800 1,680 2,120 -
1,336,515 1,297,600 38,915 1,025,623
3,334,441 2,809,893 524,548
2,305,665
996,999 837,113 159,886 734,933
3,267 1,035 2,232
1,000,266 838,148 162,116 734,933
122,704 (122,704) 50,684
19,918 119,918) 18,743
- 142,622 (142 622) 69,427
23,422,741 21,613,159 1,809,582 17,044,571
(4,293.751) (426,890) 3,866,861 1,314,910
_ _ _ _ _ _ _ _ _ _ _ _ In _ _ _ _ _ _
a M a I OM OM M _ — UM MI OM MN I MN MN MI all MN
CITY OF RANCHO CUCAMONGA
SCHEDULE OF REVENUES, EXPENDFTURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Other Financing Sources (Uses):
Operating transfer in
Operating transfer out
Capital lease proceeds
Total Other Financing Sources (Uses)
Excess of Revenues and Other Sources
over {under) Expenditures and Other
Uses (Budgetray Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
52
Schedule 3
(Continued)
1989 1988
Variance -
Favorable
Budget Actual (Unfavorable) Actual
$ 1,305,353 $ 1,355,543 $ 50,190 $ 1,693,807
(491,169) (491,169) - (2.647,986)
305,320 305,320
814,184 1,169,694 355,510 (954,179)
(3,479,567) 742,804 4,222,371 360,731
746,954
746,954 644,939
(3,479,567) 1,489,758 4,969,325 1,005,670
8,738,544
8,738,544 - 7,732,874
$ 5,258,977 $ 10,228,302 $ 4,969,325 $ 8,738,544
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SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue derived from
taxes and other earmarked revenue sources (other than special assessments, expendable trusts, or
for major capital projects) that are legally restricted or by administrative action to expenditure
for specified purposes.
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SPECIAL REVENUE FUNDS
Gas Tax Fund
Established to account for the revenue and disbursement of funds used for road
construction and maintenance of the City network system. The City's share of state
gasoline taxes provided the financing.
SB325 Fund
Established to account for the revenue and disbursement of funds received by
extending the statewide sales tax of 1/4 of 1Q to motor vehicle fuel under the
Transportation Development Act.
Recreation Fund
Established to account for the wide -variety of classes, special events, and activities
sponsored by the Community Services Department.
Park Development Fund
Established to account for the residential park development fees charged subdividers
upon issuance of a building permit for development of future park or recreational sites.
Beautification Fund
Established to account for fees collected to provide proper landscaping and irrigation
systems after parkway and median improvements are made.
SB300 Fund
Established to account for the revenue and disbursement of state general funds monies
for the reconstruction of existing roadways when the widening brings the road up to
generally acceptable safety standards.
Lighting Districts Fund
Established to account for the costs associated with providing street lights. Financing
is provided by special assessments levied against the benefitting property owners.
Landscape Maintenance Fund
Established to account for the costs associated with providing landscape maintenance.
Financing is provided by special assessments levied against the benefitting property
owners.
Systems Development Fund
Established to account for fees charged a subdivider for the construction and expansion
of City streets and highways which provide additional capacity and safety.
Park Bond Act 1980 and 1984 Funds
Established to account for the revenue and disbursement of funds received from the
State of California for construction of parks and recreational facilities.
Drainage Facilities Fund
Established to account for fees charged developers for purposes of defraying the actual
or estimated costs of constructing planned drainage or sewer facilities that are in the
subdivision.
Pedestrian Grants Fund
Established to account for the revenue and disbursement of funds received for the
construction of facilities provided for the exclusive use of pedestrians and bicycles.
Federal Aid Urban Fund
Established to account for the revenue and disbursement of Federal funding for the
construction of the City roadway system.
Community Development Block Grant Fund
Established to account for grants received from the Department of Housing and Urban
Development. These revenues must be expended to accomplish one of the following
objectives: elimination of slum or blight, or benefit to low and moderate income persons
by providing loans and grants to owner -occupants and rental property owners to
rehabilitate residential properties.
Assessment Administration Fund
Established to account for the revenue and disbursement of administration of
assessment districts.
a = = - E = N _ N M M NM NM I I MO = E I
ASSETS
Cash and investments
Receivables (net of allowance tor uncollectibles):
Taxes
Accounts
Interest
Grants
Liens
Due from other funds
Deposits
Advances to other funds
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued payroll payable
Deposits
Due to other funds
Deterred revenue
Total Liabilities
Fund Balances:
Reserved for encumbrances
Reserved for advances to other funds
Reserved for tree replacement
Unreserved:
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
Gas Tax
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1989
Schedule 4
Park
SB 325 Recreation Development Beautification SB 300
$ 239,039 $ 1,697,734 $ 230,714 $ 7,116,488 $ 218,868
61,967
1,366
21,249
9,701
12,904
2,632
40,664
13,131
884 75
635,000
225,000 2,000,000
$ 323,621 $ 1,945,339 $ 230,714 $ 9,794,784 $ 219,752 $ 13,206
$ 25,620 $ 21,655 $ 10,373 $ 8,259 $ 221,737
20,758 2098 3,320 3,522
34,970
46,376 23,753 13,693 8,259 260,229
240,897 536,256 29,135 82,372 745,393 3,886
- 225,000 - 2,000,000
36,346 1,160,330 187,886 7,704.153 (785,870) 9,320
277,243 1,921,586 217,021 9,786,525 (40,477) 13,206
$ 323,621 $ 1,945,339 $ 230,714 $ 9,794,784 $ 219,752 $ 13,206
53
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1989
Schedule 4
(Continued)
Landscape Park Bond Park Bond
Lighting Maintenance Systems Act of Act of Drainage
Districts Districts Dovebpment 1980 1984 Facilities
Cash and investments $ 351,623 '$ 1,570,391 $ 4,565,534 $ - $ - $ 1,631,445
Receivables (net of allowance for uncollectibles):
Taxes
Accounts
Interest
Grants
Liens
Due from other funds
Deposits
Advances to other funds 65,000 - - 950,455
Total Assets $ 359,687 $ 1,592,719 $ 4,871,917 $ - $ - $ 2,597,755
ASSETS
6,054 13,355 191,258
2,010 8,973 26,088 6,942
24,037 - 8,913
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued payroll payable
Deposits
Due to other funds
Deferred revenue
16,861 $ 56,477 $ 173,323
• 6,253
514,865
Total Liabilities 16,861 56,477 694,441
$ 154,423
2,649
1,908
158,980
Fund Balances:
Reserved for encumbrances 12,648 63,361 1,289,405 - - 570,655
Reserved for advances to other funds 65,000 - - 950,455
Reserved for tree replacement 26,825 - - -
Unreserved:
Undesignated 330,178 1,446,056 2,823,071 - - 917,665
Total Fund Balances 342,826 1,536,242 4,177,476 - - 2.438.775
Total Liabilities and Fund Balances $ 359,687 $ 1,592,719 $ 4,871,917 $ - $ - $ 2,597,755
54
_ 1111 _ _ _ _ _ _ _ 11111 _ 1111 _ _ _ _ _ 11111 _
OM= I I--- N- I NM E NM MN Mil M M MN MI
ASSETS
Cash and investments
Receivables (net of allowance for uncollectibles):
Taxes
Accounts
Interest
Grants
Liens
Due from other funds
Deposits
Advances to other funds
Total Assets
LIABILRTES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued payroll payable
Deposits
Due to other funds
Deterred revenue
Total Liabilities
Fund Balances:
Reserved for encumbrances
Reserved for advances to other funds
Reserved for tree replacement
Unreserved:
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
CfTY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1989
Schedule 4
(Continued)
Community
Pedestrian Federal Development Assessment TOTALS
Grants Aid Urban Black Grant Administration 1 9 8 9 1 9 8 8
$ 79,005
$ 1296 $ 17,715,270 $ 16,840,678
8,781
1,028 276,294 548,219
9 96,712
39,751 98,917 98,728 - 237,396 282,226
54,199 66,067
817 136,523 - 150,244 118,728
635,000
120,000 3,360,455 1,360,455
$ 40,568 $ 434,445 $ 98,728 $ 2,335_ $ 22,525,570 $ 19,225,154
$ - $ 74,963 $ 6,122 $ 769,813 $ 817,639
17,067 55,667 41,763
373,657
40,568 147,455 23,765 37,090 248,878 275,190
- - 551,743 40,979
40,568 147,455 98,728 60,279 1,626,101 1,549,228
4,093 250,229 45,208 3,873,538 3,443,529
120000 - - 3,360,455 1,360,455
26,825 2,500
(4,093) 166,990 (250,229) (103,152) 13,638,651 12,869,442
286,990 (57,944) 20,899,469 17,675,926
$ 40,568 $ 434,445 $ 98,728 $ 2,335 $ 22,525,570 $ 19,225,154
55
CITY OF RANCHO CUCAMONGA
COMBINING SI AI EMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Gas Tax
Schedule 5
Park
SB 325 Recreation Development Beautification S8 300
Revenues:
Taxes $ - $ - $ - $ $ - $ -
Use of money and property 54,406 202,449 - 954,792 5,612 4,898
Intergovernmental 1,231,526 1,499,313
Charges for services 391,282 -
Developmenttees - - 2,754,093 1,583,471 -
Other 29,667 3,143 916 4,984
Total Revenues 1,315,599 1,704,905 392,198 3,708,885 1,594,067 4,898
Expenditures:
Current:
General government - - -
Engineering and public works 1,013,156 83,743 - - 139,279
Community development - - - - -
Community services - 349,891 52,601
Capital outlay 812,049 509,181 - 225,357 2,166,457 171,165
Debt service:
Principal 25,567
Interest and fiscal charges 891 - - -
Total Expenditures 1,851,663 592,924 349,891 277,958 2,305,736 171,165
Excess of Revenues over
(under) Expenditures (536,064) 1,111,981 42,307 3,430,927 (711,669) (166,267)
Other Financing Sources (Uses):
Operating transfers in 144,752 - - 1,470 -
Operatingtransfersout (198,570) (158,952) (265,352)
Capital lease lease proceeds 111,231 -
Total Other Financing
Sources (Uses) 57,413 (158,952) - 1,470 (265,352) -
Excess of Revenues and Other
Sources over (under) Expendi-
tures and Other Uses (478,651) 953,029 42,307 3,432,397 (977,021) (166,267)
Fund Balances:
Beginning of Fiscal Year 755,894 968,557 174,714 6,354,128 936,544 179,473
End of Fiscal Year $ 277,243 $ 1921,586 $ 217,021 $ 9,786,525 $ (40,477) $ 13,206
56
a a aMI IMO I= MI MN I= OM OMIn IIMII lin OM NM
I- r MI OM NM NM OM NM N-_ N__- NM MS
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDf ORES
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 5
(Continued)
Landscape Park Bond Park Bond
Lighting Maintenance Systems Act of Act of Drainage
Districts Districts Development 1980 1984 Facilities
Revenues:
Taxes $ 347,869 $ 1,119370 $ - $ $ - $
Use of money and property 34,534 154,735 95,878 - - 7,200
Intergovernmental
Charges for services - - - Development fees - - 2,987,311 - - 1,503,478
Other - 9,730 - 3,432
Total Revenues
382,403 1,274,505 3,092,919 - - 1,514,110
Expenditures:
Current:
General government 253,659
Engineering and public works251,111 - - 159,262
Community development 735,527
Community services - - - -
Capital outlay - 1,563,895 - - 2,040,526
Debt service:
Principal - -
Interest and fiscal charges - -
Total Expenditures 253,659 735,527 1,815,006 - - 2,199,788
Excess of Revenues over
(under) Expenditures 128,744 538,978 1,277,913 (685,678)
Other Financing Sources (Uses):
Operating transfers in - 37,458 -
Operating transfers out - (526376) - - (201255)
Capital lease proceeds - - - -
Total Other Financing
Sources (Uses) - 37,458 (525,376) - - (201.255)
Excess of Revenues and Other
Sources over (under) Expende
tures and Other Uses 128,744 576,436 752,537 - - (886,933)
Fund Balancos'
Beginning of Fiscal Year 214,082 959,806 3,424,939 - - 3,325,708
End of Fiscal Year $ 342,826 $ 1,536,242 $ 4,177,476 $ $ - $ 2,438,775
57
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 5
(Continued)
Community
Pedestrian Federal Development Assessment TOTALS
Grants Aid Urban Block Grant Administration 1 9 8 9 1 9 8 8
39,750 30,354
817 28,016
40,567 58,370
- $ $ 1,467,639 $ 1,158,677
7,855 17,350 1,539,709 869,822
452,220 - 3,253,163 2,549,636
484,089 875,371 562,062
8,828,353 9,245,745
80,705 3,543,707
460,075 501,439 16,044,940 17,929,649
Expenditures:
Current:
General government- 863,478 1,117,137 639,110
Engineering and public works 748 - - 1,647,299
Community development 74,445 809,972 3,266,080
Community services -
- 402,492 652,241
Capital outlay 68,736 58,370 385,630 8,001,366 9,841,546
Debt service:
Principal
Interest and fiscal charges - 25,567
891
Total Expenditures
Excess of Revenues over
(under) Expendaures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under) Expendi-
tures and Other Uses
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
69,484 58,370 460,075 863,478 12,004,724 14,398,977
(28,917)
(28,917)
(362,039)
237,921
237,921
(124,118)
4,040,216 3,530,672
421,601
(1,349,505)
111,231
790,987
(1,908,808)
(816,673) (1,117,821)
3,223,543 2,412,851
28,917 286,990 - 66,174 17,675,926 15,263,075
$ $ 286,990 $ - $ (57,944) $ 20,899 469 $ 17,675,926
58
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
I M_-- E OM MN I a- MI M E M- R
CfTY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
GAS TAX SB 325
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ - $ - $ - $ • $ - $ .
Use of money and property 57474 54,406 (3,068) 97,744 202,449 104,705
Intergovernmental 1,037,882 1,231,526 193,644 1,059,677 1,499,313 439,636
Charges for services - -
Development fees - - -
-
Other 29,667 29,667 - 3,143 3,143 -
Total Revenues 1,125,023 1,315,599 190,576 1,160,564 1,704,905 544,341
Expenditures:
Current
General government
Engineering and public works 981,414 1,162,566 (181,154) 85,242 83,743 1,499
Community development - - - . -
Community services - -
-
Capitaloutlay 721,955 903,534 (181,579) 1,492,724 1,045,437 447,287
Debt service:
Principal 25,567 (25,567 - -
Interest and fiscal charges - 891 (891 -
Total Expenditures 1,703,369 2,092,560 (389,191) 1,577,966 1,129,180 448,786
Excess of Revenues over
(under) Expenditures (578,346) (776,961) (196,615) (417,402) 575,725 993,127
Other Financing Sources (Uses):
Operating transfers in 29,451 144,752 115,301 -
Operatingtransfersout (195,849) (198,570) (2,721) (137,868) (158,952) (21,084)
Capital lease proceeds - 111,231 111,231 - -
Total Other Financing
Sources (Uses) (166,398) 57,413 223,811 (137,868) (158,952) (21084)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) (744,744) (719,548) 25,196 (555,270) 416,773 972,043
Adjustments:
To adjust for encumbrances - 240,897 240,897 - 536,256 536.256
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (744,744) (478,651) 266,093 (555,270) 953,029 1,508,299
Fund Balances:
Beginning of Fiscal Year 755,894 755,894 - 968.557 968,557
End of Fiscai Year $ 11,150 $ 277,243 $ 266,093 $ 413,287 $ 1,921,586 5 1,508.299
59
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and pubilc works
Community development
Community services
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
$
Budget
312,643
RECREATION
Actual
$
391,282
916 916
313,559 392,198
372,735 379,026
Schedule 6
(Continued)
PARK DEVELOPMENT
Variance Variance -
Favorable Favorable
(Unfavorable) Budget Actual (Unfavorable)
$ $ - $ $
270,664 954,792 684,128
78,639 - - -
2,205,666 2,754,093 548,427
78,639 2476,330 3,708,885 1,232,555
•
(6,291) 52,601 52,601
• 3,306,458 307,729
2,998,729
372,735 379,026 (6,291) 3,359,059 360,330 2,998,729
(59,176) 13,172 72,348 (882,729) 3,348,555 4,231,284
- - - - 1,470 1,470
(46,897) - 46,897 - -
(46,897) - 46,897 - 1,470 1,470
(106,073) 13,172 119,245 (882,729) 3,350,025 4,232,754
29,135 29,135 - 82,372 82,372
(106,073) 42,307 148 380 (882,729) 3,432,397 4,315,126
174,714 174,714 - 6,354,128 6,354,128 -
68,641 $ 217,021 $ 148,380 $ 5,471,399 $ 9,766,525 $ 4,315,126
60
I_ 1 NM 1M N-__ N MN__- - OM 1 I
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 6
(Continued)
BEAUTIFICATION SB 300
Variance- Variance-
Favorabte Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ $
1,200 5,612 4,412 3,676 4,898 1,222
- 2,180 - (2,180)
1,363,559 1,583,471 219,912
4,984 4,984 - -
Total Revenues 1,364,759 1,594,067 229,308 5,856 4,898 (958)
Expenditures:
Current
General government -
Engineeringandpubiicworks 137,556 139,279 (1,723) - - -
Community development •- - Community services - - - - Capita) outlay 2,854,137 2,911,850 (57,713) 175,051 175,051
Debt service:
Principal - -
Interest and fiscal charges - - -
Total Expenditures 2,991,693 3,051,129 (59,436) 175,051 175,051 -
Excess of Revenues over
(under) Expenditures (1,626,934) (1,457,062) 169,872 (169,195) (170,153) (958)
Other Financing Sources (Uses):
Operating transfers in - - - - Operating transfers out (172,850) (265,352) (92,502) - - -
Capital lease proceeds - - - - - -
Total Other Financing
Sources (Uses) (172,850) (265,352) (92,502)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) (1,799,784) (1,722,414) 77,370 (169,195) (170,153) (958)
Adjustments:
To adjust for encumbrances - 745,393 745,393 - 3,886 3,886
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (1,799,784) (977,021) 822 763 (169,195) (166,267) 2,928
Fund Balances:
Beginning of Fiscal Year 936,544 936,544 - 179,473 179,473
End of Fiscal Year $ (863,240) $ (40,477) $ 822 763 $ 10,278 $ 13.206 $ 2,928
61
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and pubilc works
Community development
Community services
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
$ 353,851
14,107
LIGHTING DISTRICTS
Variance -
Favorable
Actual (Unfavorable)
$ 347,869
34,534
367,958 382,403
288,982 266,307
288,982 266,307
78,976 116,096
78,976
78,976
214,082
$ 293,058
$ (5,982)
20,427
Schedule 6
(Continued)
LANDSCAPE MAINTENANCE DISTRICTS
Variance -
Favorable
Budget Actual (Unfavorable)
$ 1,127,969 $ 1,119,770 $ (8,199)
55,329 154,735 99,406
14,445 1,183,298 1,274,505
22,675
1,294,299
798,888
22,675 1294,299 798,888
37,120 (111,001) 475,617
116,096 37,120
12,648 12,648
128,744 49,768
214,082
$ 342,826 $ 49,768 $
62
37,458 37,458
37,458 37,458
(73,543) 513,075
63,361
(73,543) 576,436
959,806 959,806
886,263 $ 1,536,242
91,207
495,411
495,411
586,618
586,618
63,361
649,979
$ 649,979
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
M MO I I I I I I NM NM a a a a M -INN MN MO
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
$
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 6
(Conlinued)
SYSTEMS DEVELOPMENT DRAINAGE FACILITIES
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ $
- $ - $
20,848 95,878 75,030 212 7,200 6,988
2,803,390 2,987,311 183,921 1,853,596 1,503,478 (350,118)
3,255 9,730 6,475 3,432 3,432
3,092,919 265,426 1,857,240 1,514,110 (343,130)
Total Revenues 2,827,493
Expenditures:
Current:
General government - - - - -
Engineering and public works 256,259 251,111 7,148 151,667 159,262 (7,595)
Community development - - - - -
Community services - - - -
Capital outlay 4,049,419 2,853,300 1,196,119 3,463,429 2,611,181 852,248
Debt service:
Principal
Interest and fiscal charges
Total Expenditures 4,307,678 3,104,411 1,203,267 3,615,096 2,770,443 844,653
Excess of Revenues over
(under) Expenditures (1,480,185) (11,492) 1,468,693 (1,757,856) (1,256,333) 501,523
Other Financing Sources (Uses):
Operating transfers in • - - - -
Operating transfers out (418,521) (525,376) (106,855) (257,018) (201,255) 55,763
Capital lease proceeds - - -
Total Other Financing
Sources (Uses) (418,521) (525,376) (106,855) (257,018) (201,255) 55,763
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) (1,898,706) (536,868) 1,361,838 (2,014,874) (1,457,588) 557,286
Adjustments:
To adjust for encumbrances - 1,289,405 1289,405 - 570,655 570,655
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (1,898,706) 752,537 2,651,243 (2,014,874) (886,933) 1,127,941
Fund Balances:
Beginning of Fiscal Year 3,424,939 3,424,939 3,325,708 3,325,708 -
End el Fiscal Year $ 1,526,233 $ 4,177,476 $ 2,651,243 $ 1,310,834 $ 2,438.775 $ 1,127,941
63
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and pubilc works
Community development
Community services
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) 4,570 (33,010) (37,580) 84,948 - (84,948)
Adjustments:
To adjust for encumbrances - 4,093 4,093 - - Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) 4,570 (28,917) (33,487) 84,948 (84,948)
Fund Balances:
Beginning of Fiscal Year 28,917 28,917 - 286,990 286,990
CfTY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 6
(Continued)
PEDESTRIAN GRANTS FEDERAL AID URBAN
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ $
80,000
80,000
39,750 (40,250) 150,967 30,354 (120,613)
817 817 28,016 28,016
40,567 (39,433) 150,967 58,370 (92,597)
747 748 (1)
74,683 72,829 1,854
66,019
75,430 73,577 1,853 66,019
4,570 (33,010) (37,580) 84,948
58,370 7,649
58,370
7,649
(84,948)
End of Fiscal Year $ 33,487 $ $ (33,487) $ 371,938 $ 286,990 $ (84,948)
64
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
E= N NM= MN NMI I-_ N NM I NM a a a MI MI
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 6
(Continued)
COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ $ - $ - $ $ • $ -
Use of money and property 8233 7655 (378) 16,759 17,350 591
Intergovernmental 417,000 452,220 35,220 - - -
Chargesforservices - - - 661,638 484,089 (177,549)
Development fees - - -
Other -
Total Revenues 425,233 460,075 34,842 678,397 501,439 (176,958)
Expenditures:
Current:
General government - 1,013,184 908,686 104,498
Engineering and public works - - -
Community development 92,393 82,825 9,568 -
Community services -
Capital outlay 322,720 627,479 (304,759) - -
Debt service:
Principal - -
Interest and fiscal charges
Total Expenditures 415,113 710,304 (295,191) 1,013,184 908,686 104,498
Excess of Revenues over
(under) Expenditures 10,120 (250,229) (260,349) (334,787) (407,247) (72,460)
Other Financing Sources (Uses):
Operating transfers in - 140,700 237,921 97221
Operating transfers out - (63,770) - 63,770
Capital lease proceeds - - - -
Total Other Financing
Sources (Uses) - - 76,930 237,921 160,991
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) 10,120 (250,229) (260,349) (257,857) (169,326) 88,531
Adjustments:
To adjust for encumbrances - 250229 250,229 - 45208 45,208
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) 10,120 - (10,120) (257,857) (124,118) 133,739
Fund Balances:
Beginning of Fiscal Year - - 66,174 66.174
End of Fiscal Year $ 10,120 $ $ (10,120) $ 1191,683) $ (57.944) $ 133,739
65
Revenues:
Taxes
Use of money and property
Intergovernmental
Charges for services
Development fees
Other
Total Revenues
Expenditures:
Current.
General government
Engineering and pubilc works
Community development
Community services
Capital outlay
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Capital lease proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 6
(Continued)
TOTALS
1989 1988
Variance -
Favorable
Budget Actual (Unfavorable) Actual
$ 1,481,820 $ 1,467,639 $ (14,181) $ 1,158,677
546,246 1,539,709 993,463 869,822
2,747,706 3,253,163 505,457 2,549,636
974,281 875,371 (98,910) 562,062
8,226,211 8,828,353 602,142 9,245,745
40,413 80,705 40,292 3,543,707
14,016,677 16,044,940 2,028,263 17,929,649
1,302,166 1,174,993 127,173 642,620
1,614,885 1,796,711 (181,826) 1,610,048
1,386,692 881,713 504,979 2,192,800
425,336 431,627 (6,291) 715,691
16,526,595 11,566,760 4,959,835 12,663,262
25,567 (25,567)
891 (891)
21,255,674 15,878,262 5,377,412 17,824,421
(7,238,997) 166,678 7,405,675 105,228
207,609
(1,292,773)
421,601 213,992
(1,349,505) (56,732)
111,231 111231
790,987
(1,908,808)
(1,085,164) (816,673) 268,491 (1,117,821)
(8,324,161) (649,995) 7,674,166 (1,012,593)
#RFF' 3,873,538 3,873,538 3,443,529
(8,324,161) 3,223,543 11,547,704 2,430,936
17,675,926 17,675,926 15,244,990
$ 9,351,765 $ 20,899,469 $ 11,547,704 $ 17,675,926
66
_ _ _ _ _ _ _ _ _ _ _ _ _ 111111 _ _ IS _ _
DEBT SERVICE FUND
The Debt Service Fund is used to account for the accumulation of resources for and the redemp-
tion of bonded indebtedness principal and interest.
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DEBT SERVICE FUNDS
City Debt Service. Fund
To accumulate monies for payment of $5,173,500, 12% note payable to Lewis
Construction Co., Inc.
Central Park Acquisition Fund
To accumulate monies for payment of $6,390,000 Certificate of Participation, California
Cities Financing Corporation, 1988 Series B. Financing is provided through lease
revenue from the City of Rancho Cucamonga and investment income.
Public Improvement Corporation Fund
To accumulate monies for payment of $2,875,000 Certificate of Participation, Rancho
Cucamonga Park Improvement Corporation. Financing is provided through lease
revenue from the City of Rancho Cucamonga and investment income.
Fire Facilities Improvement Fund
To accumulate monies for payment of $9,500,000 Certificate of Participation, Rancho
Cucamonga Redevelopment Agency. Financing is provided through tax increment
monies from the Rancho Cucamonga Redevelopment Agency.
Redevelopment Agency Fund
To accumulate monies for payment of the following: $6,495,455, 6.5-7.3% loans to City
of Rancho Cucamonga payable as funds become available to the Agency; $32,345,000
Tax Allocation Bonds due in annual installments through May 1, 2016; and $9,300,000
Refunding Tax Allocation Bonds due in annual installments through May 1, 2016. All tax
increments received are placed in this fund and are used to retire debt (bonded or
loans from the City) in accordance with the Health and Safety Code.
ASSETS
Cash and investments
Cash and investments with fiscal agent
Receivables (net of allowance for uncollectibles):
Taxes
Due from other funds
Due from other governments
Total Assets
LIABILITIES AND FUND BALANCES
Liabilities:
Due to other funds
Due to other governments
Total Liabilities
Fund Balances:
Unreserved:
Designated for debt service
Total Fund Balances
Total Liabilities and Fund Balances
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL DEBT SERVICE FUNDS
JUNE 30, 1989
Central
Park
City Acquisition
Public
Improvement
Corporalion
$ - $
661,239
$ - $ 661,239 $
661,239
661,239
$ - $ 661,239 $
67
Fire
Facilities
Improvement
Redevelopment
Agency
Schedule 7
TOTALS
1989 1988
$ - $ 2,334,743 $ 2,334,743 $ 6,732,903
290,275 699,546 5,560,720 7,411,780 860,024
1,497,961
1,339,834
73,700
1,497,961
1,339 834
73,700
184,202
148,031
290,275 $ 899,546 $ 10,806,958 $ 12,658,018 $ 7,925,160
1,788,534 1,788,534 148,031
108,833 108,833 24,575
1,897,367 1,897,367 172,606
290,275 899,546 8,909,591 10,760,651 7,752,554
290,275 899,546 8,909,591 10,760,651 7,752,554
290,275 $ 899,546 $ 10,506,958 $ 12,658,018 $ 7,925,160
a _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
L_
N NM I 1 NM OM OM UM N-_ NM OM OM M MI- OM I
Revenues:
Taxes
Use of money and property
Total Revenues
Expenditures:
Current:
General government
Debt Service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expendilures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of participation
Costs of issuance
Loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under) Expendi-
tures and Other Uses
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CfTY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDrTURES
AND CHANGES IN FUND BALANCES
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 8
Central Public Fire
Park improvement Facilities Redevelopment TOTALS
City Acquisition Corporation Improvement Agency 1 9 8 9 1 9 8 8
$ - $ - $ - $ 10,869,093 $ 10,869,093 $ 9,220,143
224.397 57,331 54,559 583,824 920,111 482,612
224,397 57,331 54,559 11,452,917 11,789,204 9,702,755
1,127,944
1,127,944 841,906
3,621,450 - - 100,000 4,498,009 8,219,459 4,816,356
1,989,075 206,859 99,002 682 348 3,112,143 6,089,427 3,659,636
5,610,525 206,859 99,002 782,348 8,738,096 15,436,830 9.317,898
(5,610,525) 17,538 (41,671) (727,769) 2,714,821 (3,647,626) 384,857
5,610,525 - 787,311 694,420 7,072,256 1,014,002
- (5610,525) - - (1,392,180) (7,002,705) (1,504,5821
- 6,316,753 376,830 - - 6,693,583 860,024
(62,527) (44,884) - - (107,411)
- - - - - - 96,156
5,610,525 643,701 331,946 767,311 (697,760) 6,655,723 465,600
661,239 290,275 39,522 2,017,061 3,008,097 850,457
860,024 6,892,530 7,752,554 6,902 097
- $ 661,239 $ 290,275 $ 899,546 $ 8,909,591 $ 10,760,651 $ 7,752,554
68
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of participation -
Cost of issuance -
Loan proceeds -
Total Other Financing
Sources (Uses) 5,610525 5 610 525
Excess of Revenues and Other
Sources over (under)
Expenditures and Other Uses -
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
Variance -
Favorable
Actual (Unfavorable)
3,621,450 3,621,450
1,989,075 1989,075
5,610,525 5,610,525
(5,610,525) (5,610,525)
5,610,525 5,610525
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
69
Schedule 9
CENTRAL PARK ACQUISITION
Variance -
Favorable
Budge) Actual (Unfavorable)
52,025
63,795
115,820
224,397
172,372
(63,795)
224,397 108,577
206,900 206,859 41
206,900 206,859 41
(91,080) 17,538 108,618
205,980 - (205,980)
(5,610,525) (5,610,525)
6,326,205 6,316,753 (9,452)
(63,795) (62,527) 1,268
857,865 643,701 (214,164)
766,785
766,785
661,239 (105,546)
661,239 $ (105,546)
_=II NMI IMO OM NM a In MIN INN NM NM OM INN
1
INII
a - - NM N - _ - NM N NM MO a a la I
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 9
(Continued)
PUBLIC IMPROVEMENT CORPORATION FIRE FACILITIES IMPROVEMENT
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ $ - $
Use of money and property 64,685 57,331
Other -
Total Revenues 64,685 57,331
Expenditures:
Current:
General government
Debi service:
(7,354)
(7,354)
50,000 54,559 4,559
50,000 54,559 4,559
Principal - - 100,000 100,000
Interest and fiscal charges 99,002 99,002 - m2,348 682,348
Total Expenditures 99,002 99,002 - 782,348 782,348
Excess of Revenues over
(under) Expenditures (34,317) (41,671) (7,354) (732,348) 1727,789)
Other Financing Sources (Uses):
Operating transfers in - - 767,311 767,311
Operating transfers out
Proceeds from issuance of certificates of participation 747,555 376,830 (370,725) -
Cost of issuance 144,884) (44,884)
Loan proceeds -
Total Other Financing
Sources (Uses) 747,555 331,946 (415,609) 767,311 767,311
Excess of Revenues and Other
Sources over (under)
Expenditures and Other Uses 713 238 290,275 (422,963) 34,963 39,522
Fund Balances:
Beginning of Fiscal Year - 860024 860,024
End of Fiscal Year $ 713,238 $ 290,275 $ (422,963) $ 894,987 $ 899,546
70
4,559
4,559
4,559
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Debt service:
Principal
Interest and fiscal charges
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under)
Expenditures and Other Uses
Fund Balances:
Beginning of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
TOTALS
Schedule 9
(Continued)
REDEVELOPMENT AGENCY 1 9 8 9 1 9 8 8
Variance- Variance-
Favorable
arianceFavorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual
$ 18,309,000 $ 10,869,093 $ (7,439,907) $ 18,309,000 $ 10,869,093 $ (7,439,907) $ 9,220,143
580,000 583,824 3,824 746,710 920,111 173401 482,612
63,795 (63,795) -
18,889,000 11,452,917 (7,436,083) 19,119,505 11,789,204 (7330301) 9,702,755
1,967,679 1,127,944 839,735 1,967,679 1,127,944 (839,735) 841,906
4,498,009 4,498,009 - 8,219,459 8,219,459 - 4,816,356
3,550,731 3,112,143 438,588 6,528,056 6,089,427 (438,629) 3,659,636
10,016,419 8,738,096 1,278,323 16,715,194 15,436,830 (1,278,364) 9317,898
8,872,581 2,714,621 (6,157,760) 2,404,311 (3,647,626) (6,051,937) 384,857
10031,456 694,420 (9,337,036) 16,615,272 7,072256 (9,543,016) 1,014,002
(10,813,767) 11.392,180) 9,421,587 (16,424,292) (7,002,705) 9,421,567 (1,504,582)
- 7,073,760 6,693,583 (380,177) 860,024
(63,795) (107,411) (43,616) -
96,156
(782,311)
1697,7601 84,551 7,200,945 6,655,723 (545,222) 465,600
8,090,270 2017,061 (6,073,209) 9,605,256 3008,097 (6,597,159) 850,457
6,892,530 6,892,530 - 7,752,554 7,752,554 - 6,902,097
End of Fiscal Year $ 14,982,800 $ 6,909,591 $ 16,073,209) $ 17,357,810 $ 10.760,651 $ (6,597,159) $ 7,752,554
71
_ _ _ _ _ _ In _ _ _ _ _ _ _ _
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for the accumulation of resources segregated for the
acquisition and construction of major capital facilities and equipment (other than those financed
by special assessment, proprietary and trust funds).
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CAPITAL PROJECTS FUNDS
Capital Reserve Fund
Established to account for the construction of capital facilities financed by the City's
General Fund.
Assessment District 82 -IR Fund
Established to account for the receipt and disbursement of funds used in the
construction of streets, storm drainage and utility improvements within the project area.
Financing was provided by the sale of bonds under the Refunding Act of 1984 for 1915
Improvement Act Bonds.
Assessment District 84-1 Fund
Established to account for the receipt and disbursement of funds used in the
construction and installation of public capital drainage facilities, together with
appurtenant work and incidental expenses, to serve and provide drainage protection to
property located within Community Facilities District No. 84-1 (Day Creek Drainage
System). Financing was provided by the sale of bonds under the Mellos-Roos
Community Facilities Act of 1982.
Assessment District 84-2 Fund
Established to account for the receipt and disbursement of funds used in the
construction of certain public works of improvement, together with appurtenances and
appurtenant work, including acquisition where appropriate, in Special Assessment
District No. 84-2 (Alto Loma Channel Improvement). Financing was provided by sale
of bonds under the Improvement Bond Act of 1915.
Assessment District 86-2 Fund
Established to account for the receipt and disbursement of funds used in construction
and acquisition of drainage improvements together with appurtenances and appurtenant
work, acquisition of real property, if necessary, and incidental expenses within the
Assessment District No. 86-2. Financing was provided by the sale of limited obligation
bonds under the Improvement Bond Act of 1915.
Assessment District 85 -PD Fund
Established to account for the receipt and disbursement of funds used in the
construction of two public parks: Heritage and Red Hill Community Parks within the
Parks and Recreation Improvement District No. 85 -PD. Financing was provided by the
sale of bonds under the Improvement Bond Act of 1915.
Assessment District 89-1 Fund
Established to account for the receipt and disbursement of funds used in the
construction within the Assessment District 89-1.
Public Improvement Corporation Fund
Established to account for the receipt and disbursement of funds used in the acquisition
of certain real property for development as the Northeast Etiwanda Community Park.
Financing was provided by the sale of certificates of participation secured by a lease
agreement.
Fire Facilities Improvement Fund
Established to account for the receipt and disbursement of funds used in the purchase
of land, the construction of municipal fire stations, and the acquisition of fire fighting
equipment. Financing was provided by the sale of certificates of participation secured
by a lease agreement.
Redevelopment Agency Fund
Established to account for financial resources to be used for acquisition or construction
of major capital facilities within the Rancho Cucamonga Redevelopment Project Area.
Financing is to be provided by the Rancho Cucamonga Redevelopment Agency.
1
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I- I E-_--_ NM OM OM MN N M MN M I IS
ASSETS
Cash and investments
Cash and investment with fiscal agent
Receivables (net of allowance for uncollectible):
Taxes
Accounts
Interest
Due from other funds
Deposits
Advance to other funds
CITY OF RANCHO CUCAMONGA Schedule 10
COMBINING BALANCE SHEET
ALL CAPITAL PROJECT FUNDS
JUNE 30, 1989
Assessment Assessment Assessment Assessment Assessment
Capital District District District District District
Reserve 82-1R 84-1 84-2 86-2 85 -PD
$ 5,847,238 $ 485,115 $ 7,396,502 $ 259,556 $ 300,279 $ 349,814
33,411 2,772 43,496 1,483 663
3,859
100,000
363
Total Assets $ 5,880,649 $ 487,887 $ 7,539,998 $ 261,039 $ 304,801 $ 350,177
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Accrued payroll payable
Deposits
Due to other funds
Total Liabilities
$ 388,674 $ 7,073 $ 1,140,013 $ 2,379 $
1,075 610
- - 3,864
1,347,477
388,674 8,148 2,487,490 6,853
Fund Balances:
Reserved for encumbrances 3,539,154 48,939 8,274,955 57,413 53,291 1214,319
Reserved for advances to other funds - 100,000
Reserved for land acquisition -
Unreserved:
Designated for pass-through collections
Undesignated 1,952,821 430,800 (3,322,447) 196,773 251,510 (864,142)
Total Fund Balances 5,491,975 479,739 5,052,508 254,186 304,801 350,177
Total Liabilities and Fund Balances $ 5,880,649 $ 487,887 $ 7,539,998 $ 261,039 $ 304,801 $ 350,177
72
ASSETS
Cash and investments
Cash and investment with fiscal agent
Receivables (net of allowance for uncollectible):
Taxes
Accounts
Interest
Due from other funds
Deposits
Advance to other funds
Total Assets
LIABILRIES AND FUND BALANCES
CITU OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL CAPITAL PROJECT FUNDS
JUNE 30, 1989
Schedule 10
(Continued)
Assessment Public Fire
District Improvement Facilities Redevelopment TOTALS
89-1 Corporation Improvement Agency 1 9 8 9 1 9 8 8
$ 35,352 $ - $ 1,464,600 $ 42,322,740 $ 58,461,196 $ 62,284,134
7,278,631 - 7,278,631 8,453,140
25,152
393,555
529,615
448,700
17,829
4,290,000
393,555 46,050
491,634
611,803
452,559 19,065
42,981
4,390,000 4,390,000
$ 35,352 $ - $ 8,768,383 $ 48,002,439 $ 71,630,725 $ 75,684,023
Liabilities:
Accounts payable $ 6,687 $ - $ - $ 551,788 $ 2,096,614 $ 1,991,613
Accrued payroll payable - - - 1,685 1,747
Deposits 40,500 - - 44,364 3,864
Due to other funds - - - 986,827 2,334,304
Total Liabilities 47,187 - - 1,538,615 4,476,967 1,997,224
Fund Balances:
Reserved for encumbrances
Reserved for advances to other funds
Reserved for land acquisition
Unreserved:
Designated for pass-through collections
Undesignated
60,534
1,464,752
4,289,426
4,290,000
17,538,031 18,615,069
4,390,000 4,390,000
1,464,752 -
4,309,278 4,309,278 3,000,261
(72,369) - 7,303,631 33,575,120 39,451,697 47,681,469
Total Fund Balances (11,835)
Total Liabilities and Fund Balances
8,768,383 46,463,824 67,153,758 73,686,799
$ 35,352 $ - $ 8,768,383 $ 48,002,439 $ 71,630,725 $ 75,684,023
73
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
M_ MI M- M I M-- I I M MI I I M MN N
CITY OF RANCHO CUCAMONGA Schedule 11
COMBINING STATEMENT OF REVENUES, EXPENDfTURES
AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Assessment Assessment Assessment Assessment Assessment
Capital District District District District District
Reserve 82-1R 84-1 84-2 86-2 85 -PD
Revenues:
Taxes $ - $ - $ $ - $ - $
Use of money and property 911,283 76,975 401,608 53,424 45,055 48,272
Other 1,351
Total Revenues 911,283 76,975 401,608 54,775 45055 48,272
Expenditures:
Current:
General government - -
Engineering and public works - 19,446 5,572 252,914 7,189
Community development - 865
Community services - Capital outlay 3,154,340 180,200 5,795,846
Total Expenditures 3,154,340 200,511 5,801,418 252,914 7,189
Excess of Revenues over
(under) Expenditures (2,243,057) (123,536) (5,399,810) (198,139) 37,866 48,272
Other Financing Sources (Uses):
Operating transfers in - - - 65,000 - 268,801
Operating transfers out - - - - - (268,801)
Proceeds from issuance of certificates of participation
Costs of issuance - -
Loan proceeds - - - - - -
Total Other Financing
Sources (Uses) - - 65,000 -
Excess of Revenues and Other
Sources over (under) Expendi-
tures and Other Uses (2,243,057) (123,536) (5,399,810) (133,139) 37,866 48,272
Fund Balances:
Beginning of Fiscal Year 7,735,032 603,275 10,452,318 387,325 266,935 301,905
End of Fiscal Year $ 5,491,975 $ 479,739 $ 5,052,508 $ 254,186 $ 304,801 $ 350,177
74
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and public works
Community development
Community services
Capital outlay
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfers out
Proceeds from issuance of certificates of participation
Costs of issuance
loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other
Sources over (under) Expendi-
tures and Other Uses
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 11
(Continued)
Assessment Public Fire
District Improvement Facilities Redevelopment TOTALS
89-1 Corporation Improvement Agency 1 9 8 9 1 9 8 8
$ - $ - $ 3,175,428 $ 3,175,428 $ 2,305,036
576,324 3,404,814 5,517,755 4,118,928
15,903 17,254 188,496
576,324 6,596,145 8,710,437 6,612,460
977,849 977,849 1,519,851
- - 285,121 -
11,835 - 139,278 151,978 79,751
94,557
2,473,217 246,982 10,435,521 22,286,106 19,584,268
11,835 2,473,217 246,982 11,552,648 23,701,054 21,278,427
(11,835) (2,473,217) 329,342 (4,956,503) (14,990,617) (14,665,967)
(11,835)
$ (11,835) $
75
1,218,562 1,552,363 9,030,146
(1,470) (1,288,113) (1,558,384) (6,529,566)
2,474,687 2,474,687 8,453,140
- (14,099) (14,099) -
6,003,009 6,003,009 8,330,970
2,473,217 (14,099) 5,933,458 8,457,576 19,284,690
315,243 976,955 (6,533,041) 4,618,723
8,453,140 45,486,869 73,686,799 69,068,076
- $ 8,768,383 $ 46,463,824 $ 67,153,758 $ 73,686,799
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 11111 _
MN NS I I N I
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and public works
Community development
Community services
Capital outlay
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfer out
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
I I I N NM NM EN I N M INII MIN
CITY Of RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
657,060
657,060
CAPITAL RESERVE
Actual
$
911,283
911,283
6,452,292 6,693,494
6,452,292 6,693,494
(5,795,232) (5,782,211)
(5,795,232)
(5,795,232)
7,735,032
$ 1,939,800
Variance -
Favorable
(Unfavorable)
Schedule 12
ASSESSMENT DISTRICT 82-1 H
Variance -
Favorable
Budge) Actual (Unfavorable)
$ - $ - $ - $
254,223 52,773 76,975
254,223 52,773 76,975
42,776 19,446
35,078 865
(241,202) 591,000 229,139
(241 202) 668,854 249,450
13,021 (616,081) (172,475)
(5,782,211) 13,021
3,539,154 3,539,154
(2243,057) 3,552,175
7,735,032
$ 5.491,975 $ 3,552.175
76
24,202
24,202
23,330
34,213
361,861
419,404
443,606
(616,081) (172,475) 443,606
48,939
(616,081) (123.536) 492.545
$ (12,806) $ 479,739 $ 492,545
48,939
603,275
603,275
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and public works
Community development
Community services
Capital outlay
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfer out
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances:
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
ASSESSMENT DISTRICT 841
Variance -
Favorable
Actual (Unfavorable)
214,274
214,274
Budget
Schedule 12
(continued)
ASSESSMENT DISTRICT 84-2
Variance -
Favorable
Actual (Unfavorable)
$ $ $ - $ - $
401,608 187,334 52,290 53,424
1,351 1,351
401,608 187,334 53,641 54,775
5,572 5,572 346,589
1,134
1,134
310,327 36,262
6,566,801 14,070,801 (7,504,000) -
6,572,373 14,076,373 (7,504,000) 346,589 310,327
(6,358,099) (13,674,765) (7,316,666) (292,948) (255,552)
65,000 65,000
65,000 65,000
36,262
37,396
(6,358,099) (13,674,765) (7,316,666) (227,948) (190,552) 37,396
8,274,955 8,274,955 57,413 57,413
(6,358,099) (5,399,810) 958,289 (227,948) (133,139) 94,809
10,452,318 10,452,318 387,325 387,325
$ 4,094,219 $ 5,052,508 $ 958,289 $ 159,377 $ 254,186 $ 94,809
77
_ _ _ _ _ _ _ _ _ _
M — — I MI In NM a N _ M N N I NM 1 I E MO
CITY OF RANG IO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
DCPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Budget
Schedule 12
(continued)
ASSESSMENT DISTRICT 86-2 IMPROVEMENT DISTRICT 85 -PD
Vatiance- Variance -
Favorable Favorable
Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ - $ $ $ - $ - $
Use of money and property 5916 45,055 39,139 57,788 48,272 (9,516)
Other -
Total Revenues 5,916 45,055 39,139 57,768 48,272 (9,516)
Expenditures:
Current.
General government - - -
Engineering and public works 57,883 60,480 (2,597) - - -
Community development
Community services - -
Capital outlay - 1,214,319 1,214,319 -
Total Expenditures 57,883 60,480 (2,597) 1,214,319 1,214,319 -
Excess of Revenues over
(under) Expenditures (51,967) (15,425) 36,542 (1,156,531) (1,166,047) (9,516),
Other Financing Sources (Uses):
Operating transfers in - - - 268,801 268,801
Operating transfer out - - (268,801) 1268,801)
Proceeds from issuance of certificates of participation - " '
-
Cost of issuance - - -
Loan proceeds
Total Other Financing
Sources (Uses) -
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) (51,967) (15,425) 36,542 (1,156,531) (1,166,047) (9,516)
Adjustments:
To adjust for encumbrances 53,291 53,291 1,214,319 1,214,319
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (51,967) 37,866 69,833 (1,156,531) 48,272 1,204,803
Fund Balances:
Beginning of Fiscal Year 266,935 266,935 301,905 301,905
End of Fiscal Year $ 214,968 $ 304,801 $ 89,833 $ (854,626) $ 350,177 $ 1,204803
78
1
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current
General government
Engineering and public works
Community development
Community services
Capital outlay
Total Expenditures
Excess of Revenues over
(under) Expenditures
Other Financing Sources (Uses):
Operating transfers in
Operating transfer out
Proceeds from issuance of certificates of participation
Cost of issuance
Loan proceeds
Total Other Financing
Sources (Uses)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis)
Fund Balances.
Beginning of Fiscal Year
End of Fiscal Year
CITY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPfTAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
ASSESSMENT DISTRICT 89-1
Variance -
Favorable
Budget Actual (Unfavorable)
Schedule 12
(continued)
PUBLIC IMPROVEMENT CORPORATION
Variance -
Favorable
Budget Actual (Unfavorable)
$
29,978 72,369 (42,391) - -
- 2,473,217 2,473,217
29,978 72,369 (42,391) 2,473,217 2,473,217
(29,978) (72,369) (42,391) (2,473217) (2,473,217)
(1,470) (1,470)
2,875,000 2,474,687 (400313)
2,875,000 2,473,217 (401,783)
(29,978) (72,369) (42,391) 401,783 - (401,783)
60,534 60,534 - - -
(29.978) (11,635) 18,143 401,783 - (401,783)
(29978) $ (11.835)
79
18,143 $ 401,783 $ $ (401,783)
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
IM NM MI NM I NM MO MI OM M I Si- MI MI
CRY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Schedule 12
(continued)
FIRE FACILITIES IMPROVEMENT REDEVELOPMENT AGENCY
Variance- Variance -
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ - $ - Si 3,000,000 $ 3,175,428 T. 175428
Use of money and property 500,000 576,324 76,324 5,253,378 3,404,814 (1,848,564)
Other - 15,903 15,903
Total Revenues 500,000 576,324 76,324 8,253,378 6,596,145 (1,657,2331
Expenditures:
Current:
General government - - 1,000,000 977,849 22,151
Engineering and public works - - -
Community development - - - 150,007 139,278 10,722
Community services - - - -
Capital outlay 250,000 246,982 3,018 35,898,827 14,724,947 21,173,880
Total Expenditures 250,000 246,982 3,018 37,048,827 15,842,074 21,206,753
Excess of Revenues over
(under) Expenditures 250,000 329,342 79,342 (28,795,449) (9,245,929) 19,549,520
Other Financing Sources (Uses):
Operating transfers in - - 15,000 1,218,562 1,203,562
Operating transfer out - - - (1,288,113) (1,288,113)
Proceeds from issuance of certificates of participation - -
Cost of issuance (14,099) (14,099) 6000 000 6,003,009 3,009
Loan proceeds - -
Total Other Financing
Sources (Uses) - (14,099) (14,099) 6.015,000 5,933,458 (81,542)
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis) 250,000 315,243 65,243 (22,780,449) (3,312,471) 19,467,978
Adjustments:
To adjust for encumbrances - - - - 4,289,426 4,289,426
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) 250,000 315,243 65,243 (22,760.449) 976,955 23,757,404
Fund Balances:
Beginning of Fiscal Year 8,453,140 8,453,140 - 45 486,869 45,486,869
End of Frsca( Year $ 8,703,140 $ 8,768,383 $ 65,243 $ 22,706,420 $ 46.463 824 $ 23,757,404
80
Revenues:
Taxes
Use of money and property
Other
Total Revenues
Expenditures:
Current:
General government
Engineering and public works
Community development
Community services
Capital outlay
Total Expenditures
Excess of Revenues over
CRY OF RANCHO CUCAMONGA
COMBINING SCHEDULE OF REVENUES,
EXPENDRURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPRAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
TOTALS
1 9 6 9 1988
Variance -
Favorable
Budget Actual (Unfavorable) Actual
$ 3,000,000
6,793,479
1,351
9,794,830
5 3,175,428 $ 175,428
5,517,755 (1,275,724)
17,254 15,903
8,710,437 (1,084,393)
$ 2,305,036
4,118,928
188,496
6,612,460
1,000,000 977,849 22,151 1,519,851
452,820 395,825 56,995 -
215,056 212,512 2,544 18,799,213
- - 94,557
53,446,456 39,652,899 13,793,557 19,479,875
55,114,332 41,239,085 13,875,247 39,893,496
(under) Expenditures (45,319,502) (32,528,648) 12,790,854 (33,281,036)
Other Financing Sources (Uses):
Operating transfers in 80,000 1,552,363 1,472,363 9,030,146
Operating transfer out - 11,558,384) (1.558,384) (6,529,566)
Proceeds from issuance of certificates of participation 2,875,000 2,474,687 (400,313) 8,453,140
Cost of issuance - (14,099) (14,099) -
Loan proceeds 6,000,000 6,003,009 3,009 8,330,970
Total Other Financing
Sources (Uses) 8,955,000 8,457,576 (497,424) 19,284,690
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (Budgetary Basis)
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) (36,364,502)
Fund Balances:
Beginning of Fiscal Year
(36,364,502) (24,071,072) 12,293,430 (13,996,346)
End of Fiscal Year
17,538,031 17,538,031
(6,533.041) 29,631,461
18,615,069
4,618,723
73,686,799 73,686,799 - 69,068,076
$ 37,322,297 $ 67.153,758 $ 29,831,461 $ 73,686.799
81
Schedule 12
(conlinued)
_ a a _ In a _ a a In _ _ _ _ _ _ _ _
INTERNAL SERVICE FUND
Established to account for Capital Replacement/Fleet Maintenance of all City -owned motorized
equipment on a cost -reimbursement basis.
1 I I I 1 1 I I 1 1 1 1 I
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(NM 3DIAUI3S 1VMN tui
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CRY OF RANCHO CUCAMONGA
BALANCE SHEL 1
INTERNAL SERVICE FUND
JUNE 30, 1989
ASSETS
Gash and investments
Accounts receivable
Interest receivable
Deposits with Trustee
Fixed assets - net book value
Total Assets
LIABIUT1ES AND FUND EQUITY
Liabilities:
Accounts payable
Accrued payroll payable
Capital lessee payable
Total Liabilities
Fund Equity:
Retained earnings:
Unreserved
Total Fund Equity
Total Liabilities and Fund Equity
a a a E M M
Schedule 13
1989 1988
1,494,966 $ 1,145,346
965 332
8,539
15,000 15,000
422,889 417,674
$ 1,942,359 $ 1,578,352
4,112 $ 23,757
3,120 691
30,919 7,090
38,151 31,538
1,904,208 1,546,814
1,904,208 1,546,814
$ 1,942,359 $ 1,578,352
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FIDUCIARY FUND
The Trust and Agency Funds are used to account for assets held by the City in a trustee capacity
for individuals, government entities, and others. Such funds are operated to carrying out the
specifications of trust indentures, statutes, ordinances, or other governing regulations.
aNn3 AUIVIJ11131,1
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AGENCY FUNDS
Special Deposits Fund
Established to account for all deposits held by the City in its fiduciary capacity.
Deferred Compensation Fund
Established to account for employee -deferred earnings restricted to be paid at a later
date to said employee upon termination or retirement from the City of Rancho
Cucamonga.
Assessment District 82 -IR Fund
Established to account for assessments received under the Refunding Act of 1984 for
1915 Improvement Act Bonds. Assessments received are restricted for payment of
principal, interest, and penalties thereon, upon presentation of proper coupons.
Assessment District 84-1 Fund
Established to account for assessments received under the Mellos-Roos Community
Facilities Act of 1982. Assessments received are restricted for payment of principal,
interest, and penalties thereon, upon presentation of proper coupons.
Assessment District 84-2 Fund
Established to account for assessments received under the Improvement Bond Act of
1915. Assessments received are restricted for payment of principal, interest, and
penalties thereon, upon presentation of proper coupons.
Assessment District 86-2 Fund
Established to account for assessments received under the Improvement Bond Act of
1915. Assessments received are restricted for payment of principal, interest, and
penalties thereon, upon presentation of proper coupons.
Assessment District 85 -PD Fund
Established to account for assessments received under the Improvement Bond Act of
1915. Assessments received are restricted for payment of principal, interest, and
penalties thereon, upon presentation of proper coupons.
Assessment District 88-2 Fund
Established to account for monies deposited by the developers for future construction
within the Assessment District 88-2.
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OM N- -- -- In NM MI= a-- NM M
ASSETS
Cash and investments
Cash and investments with fiscal agent
Receivables (net of allowance for uncollectibles):
Accounts
Interest
Due from other funds
Total Assets
UABILTRES AND FUND BALANCES
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 1989
Schedule 14
Assessment Assessment Assessment Assessment Assessment Assessment TOTALS
Special Deterred District District District District District District
Deposits Compensation 82-1R 84-1 84-2 86-2 85 -PD 88-2 1 9 8 9 1 9 8 8
$ 5,168,404 $
1,223,766 $ 1,611,177 $ 442,923 $ 260,856 $ 323,393 $ 728,373 $ 6,745 $ 9,765,637 $ 7,258,860
- 3,099,472
- 3,099,472 2,322,293
29,303 27,718 3,476 5,344 22,981 - 88,822 123,599
9,206 2,531 1,490 723 3,900 39 17,889 12,387
986,827 - 102,900 34,080 - 1,123,807 34,080
$ 5,168,404 $ 1,223,766 $ 1,649,686 $ 4,559,471 $ 265,822 $ 432,360 $ 789,334 $ 6,784 $14,095,627 $ 9,751,219
Liabilities:
Accounts payable 5 • $ - $ - $ $ $ - $ $ 1,885 $ 1,885 $ 1,076
Deposits 5,168,404 - - - - 4,899 5,173,303 3,530,611
Due to other funds - - - - 19,065
Deferred compensation payable 1,223,766 - - - 1,223,766 940,032
Special assessment bond reserves - 1849,666 4,559,471 265,822 432,360 789,334 7,696,673 5,260,435
Total Liabilities $ 5,168,404 $ 1,223,766 $ 1,649,686 $ 4,559,471 $ 265,822 $ 432,360 $ 789,334 $ 6,784 $14,095,627 $ 9,751,219
SPECLAL DEPOSITS
Assets:
Cash and Investments
Liabilities:
Deposits
Due to other funds
Total Liabilities
DEFERRED COMPENSATION
Assets:
Cash and investments
Liabilities:
Deferred compensation payable
ASSESSMENT DISTRICT ffi-1 R
Assets:
Cash and Investments
Accounts receivable
Interest receivable
Total Assets
Liabilities:
Special assessment bond reserve
ASSESSMENT DISTRICT 84-1
Assets:
Cash and investments
Cash and investment with fiscal agent
Accounts receivable
Interest receivable
Due from other funds
Total Assets
Liabilities:
Accounts payable
Special assessment bond reserve
Total Liabilities
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
Balance
July 1, 1988
$ 3,525,150 $
$ 3,506,085
19,065
$ 3,525,150
Additions
Schedule 15
Balance
Deletions June 30, 1989
2,029,741 $ 386,487 $ 5,168,404
$ 2,029,741
$ 2,029,741
$ 940,032 $
$ 940,032 $
$ 1,380,048
76,057
$ 1,456,105
$ 367,422 $ 5,168,404
19,065
$ 386,487 $ 5,168,404
283,734 $ $ 1,223,766
283,734 $
$ 974,504
29,303
9,206
$ 1,013,013
$ 1,456,105 $
$ 88,563 $
2,322,293
28,280
8,143
$ 2,447,279
$ 500
2,446,779
$ 2,447,279
84
$ 743,375
76,057
•
$ 1,223,766
$ 1,611,177
29,303
9,206
$ 819,432 $ 1,649,686
1,013,013 $ 819,432 $ 1,649,686
1,376,358
1,830,946
27,718
2,531
986,827
$ 1,021,998
1,053,767
28,280
8,143
•
$ 442,923
3,099,472
27,718
2,531
986,827
$ 4,224,380 $ 2,112,188 $ 4,559,471
$
4,224,380
$ 4,224,380
$ 500 $
2,111,688 4,559,471
$ 2,112,188 $ 4,559,471
NM MINI Mil 111111 MN NM MI MN MI NM
IMO
MI 1 MO NM _ _ _ I OM a NM M - _ M
CITY OF RANCHO CUCAMONGA Schedule 15
(Continued)
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
ASSESSMENT DISTRICT 84-2
Assets:
Cash and investments
Accounts receivable
Interest receivable
Total Assets
Liabilities:
Special assessment bond reserve
ASSESSMENT DISTRICT 86.2
Asset:
Cash and Investments
Accounts receivable
Interest neceHt le
Due from other funds
Total Assets
Liabilities:
Special assessment bond reserve
ASSESSMENT DISTRICT 85 -PD
Assets:
Cash and investments
Accounts receivable
Interest receivable
Due from other funds
Total Assets
Liabilities:
Special assessment bond reserve
85
Balance Balance
July 1, 1988 Additions Deletions June 30, 1989
$ 302,614 $ 602,337 $ 644,095 $ 260,856
4,715 3,476 4,715 3,476
- 1,490 - 1,490
$ 307,329 $ 607,303 $ 648,810 $ 265,822
307,329 $ 607,303 $ 648,810 $ 265,822
$ 401,244 $ 142,341 $ 220,192 $ 323,393
1,148 5,344 1,148 5,344
1,781 723 1,781 723
- 102,900 102,900
$ 404,173 $ 251,308 $ 223,121 $ 432,360
$ 404,173 $ 251,308 $ 223,121 $ 432,360
596,107 $ 1,028,862 $ 896,596 $ 729373
13,399 22,981 13,399 22,9u1
2,463 3,900 2,463 3,900
34,080 34,080
646,049 $ 1,055,743 $ 912,458 $ 789,334
646,049 $ 1,055,743 $ 912,458 $ 789,334
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND UABaJT*ES
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1989
ASSESSMENT DISTRICT 88-2
Assets:
Cash and investments
Interest receivable
Total Assets
Liabilities:
Accounts payable
Deposita
TOTALS- ALL AGENCY FUNDS
Assets:
Cash and investments
Cash and kwntrnents with fiscal *gent
Accounts receivables
Interest receivable
Due from other funds
Total Assets
Llabieties:
Accounts payable
Deposits
Due to other funds
Deferred compensation payable
Special assessment bond reserve
Total Liabilities
Balance
July 1, 1988
Additions
Scheduler 15
(Continued)
Balance
Deletions June 30, 1989
25,102 $ 16,648 $ 35,005
39
25,102 $ 16,687 $ 35,005
576 $ 1,885 $ 576
24,526 14,802 34,429
25,102 $ 16,687 $ 35,005
$ 7,258,860 $
2,322,293
123,599
12,387
34,080
$ 9,751,219 $
$ 1,076
3,530,611
19,065
940,032
5,260,435
$ 9,751,219
6,451,525 $ 3,947,748
1,830,946 1,053,767
88,822 123,599
17,889 12,387
1,089,727
9,481,909 $ 5,137,501
$ 1,885
2,044,543
283,734
7,151,747
$ 9,481,909
$ 1,076
401,851
19,065
4,715,509
$ 5,137,501
6,745
39
6,784
1885
4,899
6,784
$ 9,765,637
3,099,472
88,822
17,689
1,123,807
$ 14,095,627
$ 1,885
5,173,303
1 223 766
7,696,673
$ 14,095,627
I = MI N N I I MN NM E a a NM N I IS OM
GENERAL FIXED ASSETS
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s.iassv 433XL31VII3AI39
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N M_- MI MN M ENEM= a a NM MIN - MO M Ell NM
General Fixed Assets:
Land
Building improvements
Equipment and vehicles
Furniture and fixtures
Construction in progress
Total General Fixed Assets
Investment in General Fixed Assets
CITY OF RANCHO CUCAMONGA Schedule 16
STATEMENT OF GENERAL FIXED ASSETS
JUNE 30, 1989
87
1989 1988
$ 29,286433
2,874,882
4,073,610
339,723
14,829,935
$ 23,599,603
2,720,437
2,910,421
297,816
2,160,418
$ 51,403,583 $ 31,688,695
$ 51,403,583 $ 31,688,695
Function and Activity
General Government:
City manager
Personnel
City clerk
Administrative services
Planning
Building and safety
General city facilities
Assessment administration
Total
Public Safety
Engineering and Public Works
Community Services
Community Redevelopment
CITY OF RANCHO CUCAMONGA
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
JUNE 30, 1989
Land
$
1,003,261
1,003,261
617,402
24,713,940
2,950,830
Total General Fixed Assets
Allocated to Functions 29,285,433
Construction in Progress
Total
Equipment Furniture
Buildings and and
Improvements Vehicles Fixtures
Schedule 17
Total
$ $ 11,286 $ 2,079 $ 13,365
9,267 2,832 12,099
68,921 8,441 77,362
230,549 9,965 240,514
127,916 7,144 135,060
122,012 7,476 129,488
679,462 360,795 3,898 2,047,416
9,289 283 849 3,129 296,267
688,751 1,214,595 44,964 2,951,571
139,280 - 139,280
296,468 1,680,458 232,409 2,826,737
1,889,663 437,420 20,694 27,061,717
601,857 41,656 3,594,343
2,874,882 4,073,610 339,723 36,573,648
88
14,829,935
$ 51,403,583
_ MIN
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INE I OM MO UM M MO_ a a I- OM N MI MN M
CITY OF RANCHO CUCAMONGA Exhibit 1
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION
LAST TEN FISCAL YEARS
Engineering
Fiscal General Public and Community Community Debt Capital
Year Government Safety Public Works Development Services Service Outlay Total
1979-80 $ 1,298,509 $ 1,791,364 $ - $ 2,548,502 $ 251,500 $ - $ $ 5,889,875
1980-81 1,277,886 2,303,019 - 3,782,190 304,598 - 7,667,693
1981-82 (2) 2,397,097 2,413,992 - 4,312,563 316,177 68,716 9,508,545
1982-83 1,718,618 2,631,001 9,033,156 2,041,787 273,338 71,622 15,769,522
1983-84 1,814,653 2,922,292 4,525,590 387,230 1,727,809 2,490,634 13,868,208
1984-85 2,257,929 3,417,999 7,882,070 495,120 3,177,404 393,882 17,624,404
1985-86 3,994,845 4,140,150 15,071,893 1,831,248 3,038,650 31,898 28,108,684
1986-87 3,437,497 4,311,304 - 13,755,081 2,514,684 6,065,219 8,557,666 38,641,451
1987-88 5,496,299 6,855,023 3,988,871 (3) 5,609,291 1,474,217 8,545,419 29,425,814 61,394,934
1988-89 8,409,816 6,117,980 7,769,525 3,717,641 1,228,413 14,477,966 30,287,472 72,208,813
(1) Included all Governmental Fund Type - General, Special Revenue, Debt Service and Capital Projects Funds.
(2) Beginning fiscal year 1981-82, the data presented represents all City activities for which the City Council has oversight responsibilities.
(3)
Expenditures for the fiscal year 1987-88 and prior are functionally classified as presented in the financial statements for those years. Expenditures for
fiscal year 1987-88 and later have classified differently to show more details as presented in the financial statements.
89
1
CITY OF RANCHO CUCAMONGA
GENERAL GOVERNMENT REVENUE BY SOURCE
LAST TEN FISCAL YEARS
Exhibit 2
Use of
Money
Fiscal Taxes & Licenses & Charges for and Fines & Development
Year Assessments Permits Intergovernmental Services Property Forfeitures Fees Other Total
1979-80 $ 2,707,447 $ 571,607 $ 3,283,458 $ 1,224,625 $ 434,637 $ 95,061 $ $ 39,554 $ 8,356,389
1980-81 2,772,321 607,398 3,781,713 1,708,478 610,524 94,162 - 35,726 9,610,322
1981-82 (2) 3,345,523 474,793 2,880,986 1,456,192 912,734 123,989 - 5,297 9,199,514
1982-83 4,210,654 655,278 3,156,781 2,278,338 2,113,655 132,327 848,000 228,408 13,623,441
1983-84 5,440,863 1,302,362 3,014,847 4,779,923 1,198,562 115,272 2,030,281 17,882,110
1984-85 6,814,554 3,328,761 4,108,452 4,459,816 1,888,460 147,100 - 134,498 20,881,641
1985-86 12,326,906 3,833,519 3,891,343 2,372,990 3,735,938 147,743 7,085,930 (3) 485,614 33,879,983
1986-87 16,877,008 3,388,450 2,790,180 3,141,610 5,905,621 184,847 5,243,109 90,135 37,620,960
1987-88 21,503,933 2,548,542 5,336,914 3,656,466 5,845,097 256,861 9,245,745 4,210,787 52,604,345
1988-89 23,679,524 2,902,943 6,853,282 4,457,232 8,437,178 264,831 8,828,353 2,307,507 57,730,850
(1) Includes all governmental fund types - General, Special Revenue, Debt Service and Capital Projects Funds.
(2) Beginning fiscal year 1981-82, the data presented represents all City activities for which the City Council has oversight responsibilities.
(3) Classified as Charges for Services prior to fiscal year 1985-86.
Source: Annual Audit Report
90
MEN a E E I I I OM MI NM a a a M NM I 1
M - - - M = M I a a a a NM NM MI I - - MI
Fiscal
Year
1979-80
1980$1
1981-82 (2)
1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
Secured
Property
$ 258,909,015
307,256,805
1,412,737,197
1,552,756,169
1,567,696,310
1,598,947,266
1,853,061,958
2,678,753,824
3,276,453,488
3,842,089,811
Public
Utility
$ 37,231,310
39,045,060
180,686,750
184,209,640
202,136,680
208,023,560
212,438,710
311,258,610
311,545,190
6,603,300
Total
Secured
$ 296,140,325
346,301,885
1,593,423,947
1,736,865,809
1,769,832,990
1,806,970,826
2,065,500,668
2,990,012,434
3,587,998,678
3,848,693,111
CIN OF RANCHO CUCAMONGA
ASSESSED VALUATION OF ALL CITY PROPERTY
LAST TEN FISCAL YEARS
Unsecured
Property Total
$ 28,195,450 $ 324,335,775
17,648,555 363,950,420
86, 325,665 1,679, 749, 612
101, 767,808 1,838, 733, 617
114,035, 078 1,883,868,068
112, 420,166 1, 919, 390,992
103,129,894 2,168,630,562
151,427,130 3,141,439,564
175,043,138 3,763,041,816
212,624,063 4,061,317,174
Full Cash Value
$ 1,297,343,100
1,455,810,680
1,679,749,612
1,838,733,617
1,883,868,068
1,919,390,992
2,168,630,562
3,141,439,564
3,763,041,816
4,061,317,174
Property Homeowners
Exemptions Exemption
$ 1,075,760 $ 18,382,495
1,384,585 18,981,710
6,227,155 82,426,620
6,635,231 83,043,407
9,861,572 83,443,173
9,586,512 85,013,309
11,199,039 88,979,788
- (3) 95,133,356
• (3) 102,509,009
- (3) 113,470,203
As of 1981-82, assessed valuation is based on 100 percent of full market value, rather Than 25 percent, as in prior years.
Changes in State Law mandated a 100 percent exemption of assessed valuation.
Beginning in fiscal year 1981-82, the date presented represents all City activities for which the City Council has oversight responsib
New report format for the County of San Bernardino precludes this category.
Source: County of San Bernardino Auditor -Controller
91
s.
Business
Inventory
Exemption
Exhibit 3
Net Taxable
Value
$ 12,362,150 $ 29Z515,370
• (1) 343,584,125
1,591,095,837
1,749,054,979
• 1,790,563,323
1,824,791,171
2,068,451,735
3,046,306,208
3,660,532,807
3,947,846,971
CITY OF RANCHO CUCAMONGA Exhibit 4
PROPERTY TAX LEVIES AND COLLECTIONS
Percent
Fiscal Total Tax Total Tax of Levy
Year Lew Collection Collected
1979-80 $ 616,636 $ 681,997 110 %
1980-81 711,705 590,311 83
1981-82 816,516 669,836 82
1982-83 894,853 830,813 93
1983-84 867,949 762,595 88
1984-85 931,859 942,701 101
1985-86 1,007,000 943,700 94
1986-87 1,106,392 1,148,006 103
1987-88 1,280,269 1,383,181 108
1988-89 1,333,498 1,399,699 105
Note: The County of San Bernardino does not provide sufficient information to determine what portion of total collections
represent delinquent taxes and interest and penalties on those delinquencies.
Source: Finance Department, County of San Bernardino - Auditor Controller
92
= NM I I N I EN I M MS EN NM OM EN N EN NEI NM MN
all MI a I I IMO MIN OM UM NM MI EN In MI M IS
CITY OF RANCHO CUCAMONGA
PROPERTY TAX RATE - ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Exhibit 5
Chino
Basin City of
Schools County Cucamonga Metropolitan Municipal Rancho Total
Fiscal Tax Tax County Water W.D. Cucamonga Tax
Year Rate Rate W.D. District Tax Rate Tax Rate Rate
1979-80 .2766 4.000 .1234 .1100 .0677 .0493 4.6270
1980-81 .3167 4.000 .0876 .0890 .0560 .0493 4.5986
1981-82 .0687 1.000 .0200 .0211 .0130 .0493 1.1721
1982-83 .0817 1.000 .0181 .0189 .0118 .0493 1.1798
1983-84 .0732 1.000 .0184 .0258 .0113 .0493 1.1780
1984-85 .0539 1.000 .0121 .0174 .0099 .0493 1.1426
1985-86 .0394 1.000 .0106 .0164 .0087 .0493 1.1244
1986-87 .0361 1.000 .0111 .0148 .0071 .0493 1.1184
1987-88 .0471 1.000 .0145 .0164 .0066 .0493 1.1339
1988-89 .0407 1.000 .0141 .0110 .0046 .0493 1.1197
(1) For fiscal years 1981-82 and thereafter, assessed valuation of property is stated at 100 percent of market value, formerly 25 percent. In years prior to
this, the tax rate was per $100 of assessed valuation; therefore in this and subsequent years, the rate was reduced appropriately to adjust for this
conversion.
Source: County of San Bernardino Auditor -Controller
93
CITY OF RANCHO CUCAMONGA Exhibit 6
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
Total
Current Ratio of Outstanding
and Prior Collections Current &
Fiscal Assessments Assessments to Amount Delinquent
Year Due Collected Due Assessments
1979-80 $ $ - % $ -
1980-81
1981-82
1982-83 (1) 39,987 35,854 89.66 4,133
1983-84 68,236 43,756 64.12 24,480
1984-85 202,712 150,475 74.23 52,237
1985-86 623,583 512,962 89.80 58,384
1986-87 784,992 735,051 93.64 49,941
1987-88 1,193,687 1,169,103 97.94 24,584
1988-89 1,144,384 1,106,246 97.00 38,138
(1) Formation of Special Assessment Districts
Source: Finance Division, Resource Center
94
En 11111 ME NM S M M MN INN N 11111 11M 11111 = 1111 1111 1 1M In
MB M — — — N la a a a a a a NM MO MI N E I
CITY OF RANCHO CUCAMONGA
DIRECT AND OVERLAPPING BONDED DEBT
1988-89 Assessed Valuation: $ 4,061,317,174
DIRECT AND OVERLAPPING BONDED DEBT:
San Bernardino County Superintendent of Schools
San Bemardino County Building Authorities
San Bernardino County Free Library Authority
Metropolitan Water District
Chino Basin Municipal Water District Certificates of Participation
Chino Basin Municipal Water District Authority
Chaffey .11. Union High School District Certificates of Participation
Alto Lorna School District
Central School District
Cucamonga School District
Cucamonga County Water District
Cucamonga County Water District, I.D. #1963-1
Cucamonga County Water District, I.D. #2
Cucamonga County Wafer District, I.D. #5
Rancho Cucamonga Redevelopment Agency
Etiwanda School District Certificates of Participation
Etiwanda School District Community Facilities District #1
Other School District & Certificates of Participation
City of Rancho Cucamonga Certificates of Participation Fire Fac.
City of Rancho Cucamonga Community Fac. Dist. #84-1
City of Rancho Cucamonga Community 1915 Act Bonds
Total Gross Direct and Overlapping Bonded Debt
Less. Cucamonga County Water District,
I.D. #2, (100% self-supporting)
Total Net Direct and Overlapping Bonded Debt
Percent Debt
Applicable June 30, 1989
7.676 %
7.676
10.739
0.509
18.857
18.857
36.930
99.464
98.562
45.054
89,173
94.084
100.000
94.933
100.000
79,779
100.000
Various
100.000
100.000
100.000
95
$ 125,502
24,091,417
63,897
3,710,050
4,962,219
1,020,163
4,250,643
3,237,553
2,020,521
6,068,710
953,259
503,349
45,000
5,487,127
40,315,000
2,050,320
3,160,000
33,394
9,400,000
17,515,000
15,280,000
144,293,124
45.000
$ 144.248J24
Direct Debt
Total Gross Debt
Total Net
Exhibit 7
0.66 %
4.02 %
4.02 %
SHARE OF AUTHORIZED AND UNSOLD BONDS:
Metropolitan Water District
Alto Loma School District
Cucamonga School District
STATE SCHOOL BUILDING AID
REPAYABLE AS OF JUNE 30, 1989:
$ 254,500
$ 7,554,291
$ 337,905
$ 10,836,769
CITY OF RANCHO CUCAMONGA Exhibit 8
LEGAL DEBT MARGIN
(GENERAL OBLIGATION BONDS)
JUNE 30, 1989
Assessed valuation
$ 4.061.317.174
Debt limit - 15% of assessed valuation $ 609,197,577
Amount of debt applicable to debt limit:
Total bonded debt $
Other debt
Less assets in Debt Service Fund available
for payment of principal
Legal Debt Margin $ 609.197.577
Source: Finance Department
Note: The City has no general obligation bonds outstanding; however, revenue bond indebtedness has been issued by the
Rancho Cucamonga Redevelopment Agency. See Direct and Overlapping Bonded Debt for intim 'nation on these
bonds.
96
a N - M I 1 NM I M MI NM NM M N _ - - NM I
CITY OF RANCHO CUCAMONGA
BUILDING PERMITS
Number of Permits Issued
Exhibit 9
1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89
July 622 471 402 244 669 1,102 993 1,773 1,425 1,232
August 856 506 340 301 831 543 726 1,587 1,769 1,751
September 420 405 351 177 701 778 741 1,064 1,547 1,373
October 449 470 230 222 785 665 1,149 2,219 1,084 1,941
November 281 352 186 429 456 541 676 1,126 837 1,470
December 257 350 188 211 283 437 1,007 1,289 848 1,068
January 304 275 150 205 387 918 871 1,742 973 1,448
February 316 336 177 183 533 879 888 1,455 1,246 1,167
March 334 398 321 299 470 1,122 1,033 1,775 1,820 1,689
April 299 435 305 415 475 1,106 1,736 1,468 1,225 1,649
May 452 318 282 539 1,130 980 1,389 1,294 1,708 1,927
June 457 453 307 687 129 1,005 1.720 1,577 1,981 1,964
Total 5.047 4.777 3.239 3.912 8.149 10.076 j.,929 18,369 16.463 16.679
Source: Building & Safety Division
97
CITY OF RANCHO CUCAMONGA
CONSTRUCTION ACTIVITY
BUILDING PERMIT VALUATION
Exhibit 10
1979-1980 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89
July $ 2,130,352 $ 3,186,408 $ 2,111,896 $ 1,790,975 $ 16,930,707 $ 23,038,404 $ 19,693,799 $ 41,935,297 $ 26,616,322 $ 19,353,555
August 5,635,344 5,951,303 697,993 1,570,274 5,020,250 9,800,414 10,733,282 22,952,820 42,574,167 30,200,101
September 2,020,795 1,080,900 1,462,426 4,644,757 3,937,212 12,394,158 10,170,567 24,218,811 31,918,086 24,268,160
October 806,146 5,337,366 8,346,268 1,825,297 5,499,104 7,520,086 24,441,420 9,885,316 20,870,494 48,782,828
November 618,606 4,314,455 604,786 6,244,236 12,439,028 10,131,349 12,130,504 14,416,666 24,547,794 17,614,217
December 5,783,282 3,713,356 2,368,541 280,557 4,410,307 34,605,218 27,198,114 25,215,286 12,117,584 16,056,186
January 3,619,181 7,505,704 482,708 839,542 6,725,715 19,387,782 18,631,075 30,521,731 17,568,702 24,774,598
February 5,906,621 3,208,812 534,729 2,614,266 13,483,350 10,487,888 19,694,626 12,217,137 31,608,519 38,792,235
March 877,256 2,509,957 2,118,103 19,759,621 20,793,466 15,417,025 68,128,752 33,979,691 43,663,631 47,229,360
April 8,501,731 3,282,760 5,577,759 45,310,933 8,471,885 31,011,776 46,864,584 41,009,272 10,056,772 35,861,166
May 2,832,481 4,880,902 800,634 4,594,041 17,192,227 17,444,011 20,490,492 10,459,244 32,375,301 34,206,959
June 4262,020 1,977,572 1,591,932 9.976,858 25,610,524 9,462,001 37,129,540 24,066,664 56,408,374 60298,893
Total $ 42,993,815 $ 46,949,495 $ 26,697,775 $ 99,451,357 $ 140,513,775 $ 200,700,112 $ 315,306,755 $ 290,877,935 $ 350,325,746 $ 397,438,258
Source: Building & Safety Division
98
E M N OM l I N MN a a a a NM I MN N M NM I
Year
1980
(Federal Census)
1981
1982
1983
1984
1985
1986
1987
1988
1989
CITY OF RANCHO CUCAMONGA Exhibit 11
DEMOGRAPHIC STATISTICS
City
Average Annual San Bernardino Population
City Population County as Percent
Population Percent Changes Population of County
55,250 11.5 % 895,016 6.2 %
56,664 2.6 919,622 6.2
58,592 3.4 954,451 6.2
59,832 2.1 985,880 6.1
61,658 3.1 1,014,481 6.1
64,479 6.2 1,053,771 6.2
73,842 12.8 1,110,500 6.6
80,420 8.9 1,167,175 6.9
94,614 17.7 1,202,695 7.9
104,727 9,5 1,286,210 8.1
Source: U.S. Bureau of Census, California Department of Finance
99
CITY OF RANCHO CUCAMONGA Exhibit 12
PRINCIPAL TAXPAYERS (1)
JUNE 30, 1989
Taxpayer Type of Business
Tamco Manufacture of Steel Billets
Challenge Bag California, Inc. Manufacture of Plastic Grocery Bags
K -Mart Retail
Ameron, Inc. Manufacture of Reinforcing Steel
Advanced Wire Technology Manufacture of Bright High Carbon Steel Wire
General Dynamics Weaponry
Alpha Beta Co. Supermarket
Builders Emporium Retail
Lucky Supermarket
Mobil Oil Corporation Service Station
(1) Based on sales tax revenues
Source: State Board of Equalization
100
OM I M MII = M NM M M IIIIII I MI NM = NM = INIII M
I I I I N--- MI V M OM M MN MO I NM_ E
Coverage
Auto Insurance
Crime Policy
Liability Insurance
Excess Liability
Property Insurance
Special Events
Workers Compensation
CITY OF RANCHO CUCAMONGA
INSURANCE
AS OF NOVEMBER 2, 1989
Limit
$ 100,000
$ 100,000
$ 5,000,000
$ 5,000,000
Varies for
each location
$ 100,000
Source: Risk Management Division
Company
Commercial Union
CAR025933
Aetna Life & Casualty
86 BU 100524391
BCA
California Municipal
Insurance Authority
Lexington Insurance
Company
556-7063
Employers Mutual
Casualty Company
9A6-15-68-90
Western Herilage
Insurance Company
State Compensation
Insurance Fund
101
Exhibit 13
Remarks
One year policy
$72,935 annual premium
Expires 11/30/90
Three year policy
$1,335.00 annual premium
Expires 6/1/92
Three year policy
$321,651 annual premium
Expires 7/1/90
Public Officials
Insurance included
Seff insurance retention of
$100,000 on each liability
claim
One year policy
$47,500 annual premium
Expires July 1, 1990
One year policy
$9,989.91 annual premium
Expires 9/8/90
One year policy
$1,031.00 annual premium
Expires 7/1/90
One year policy
$173,936 annual premium
Expires 12/06/90
7
CITY OF RANCHO CUCAMONGA Exhibit 14
MISCELLANEOUS STATISTICAL INFORMATION
Date of Incorporation November 22, 1977
Type of City General Law
Form of Government Council Manager
Area 37 Square Miles
Population 104,700
Number of Street Lights 6,424
Miles of Streets 352
Number of Signals 56
Fire Protection:
Foothill Fire Protection District
Number of Stations
Number of Firefighters and Officers
Police Protection:
Contracted with San Bernardino County
Number of Stations
Number of Sworn Officers
3
54
1
73
Recreation and Culture:
Number of Parks 14 with 150 acres
Source: Community Development Department, Community Services Department
102