HomeMy WebLinkAbout2008/06/30 Comprehensive Annual Financial Report
City of Rancho Cucamonga,
California
Comprehensive Annual
Financial Report
Year Ended
June 30, 2008
City of Rancho Cucamonga, California
Comprehensive Annual Financial Report
Year Ended June 30, 2008
Prepared by the
City of Rancho Cucamonga
Finance Department
Tamara L. Layne
Finance Director
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CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2008
TABLE OF CONTENTS
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal .............................................................................................................................. i
City Officials ....................................................................................................................................... xxix
Organization Chart .............................................................................................................................. xxx
Certificate of Achievement for Excellence in Financial Reporting ..................................................... xxxi
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT ............................................................................................... 1
MANAGEMENT'S DISCUSSION AND ANALYSIS ............................................................................. 3
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Assets ............................................................................................................... 17
Statement of Activities .................................................................................................................. 18
Fund Financial Statements:
Balance Sheet - Governmental Funds ......................................................................................... 20
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Assets ..................................................................................................... 22
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds .................................................................................................. 24
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities .................................................................................................................. 26
Budgetary Comparison Statement (Budgetary Basis) - General Fund ........................................ 27
Statement of Net Assets - Proprietary Funds ............................................................................... 28
Statement of Revenues, Expenses and Changes in Fund
Net Assets - Proprietary Funds .................................................................................................... 29
Statement of Cash Flows - Proprietary Funds ............................................................................. 30
Statement of Fiduciary Net Assets - Fiduciary Funds .................................................................. 31
Notes to Financial Statements ......................................................................................................... 33
CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2008
TABLE OF CONTENTS
Page
Number
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet - Nonmajor Governmental Funds ...................................................... 84
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds ................................................................... 104
Budgetary Comparison Schedules (Budgetary Basis) - Special Revenue Funds:
Gas Tax ................................................................................................................................. 125
SB 325 .................................................................................................................................. 126
Recreation ............................................................................................................................. 127
Park Development ................................................................................................................. 128
Beautification ......................................................................................................................... 129
Lighting Districts .................................................................................................................... 130
Landscape Maintenance Districts ......................................................................................... 131
Transportation .................................................................................................................... 132
Pedestrian Grant ................................................................................................................... 133
Transportation Enhancement Act ......................................................................................... 134
Community Development Block Grant .................................................................................. 135
Assessment Administration ................................................................................................... 136
San Sevaine/Etiwanda Drainage .......................................................................................... 137
Air Quality Improvement ........................................................................................................ 138
South Etiwanda Drainage ..................................................................................................... 139
Lower Etiwanda Drainage ..................................................................................................... 140
Measure I .............................................................................................................................. 141
Library Services .................................................................................................................... 142
Metrolink ................................................................................................................................ 143
California Literacy Program .................................................................................................. 144
Used Oil Recycling Grant ...................................................................................................... 145
COPS Program Grant ........................................................................................................... 146
Library Services & Technologies Act .................................................................................... 147
AB 2928 Traffic Congestion Relief ........................................................................................ 148
Litter Reduction Grant ........................................................................................................... 149
Signal Coordination Grant ..................................................................................................... 150
Safe Routes to School Program ........................................................................................... 151
Foothill Blvd. Maintenance .................................................................................................... 152
Department of Homeland Security Grant .............................................................................. 153
Integrated Waste Management ............................................................................................. 154
Proposition 42 – Traffic Congestion Mitigation ..................................................................... 155
Justice Assistance Program .................................................................................................. 156
Senior Transportation Service .............................................................................................. 157
Homeland Security Grant 2005 ............................................................................................. 158
Bicycle Transportation Account Grant .................................................................................. 159
Hazard Mitigation Grant Program ......................................................................................... 160
Fire District ............................................................................................................................ 161
Drainage Facilities ................................................................................................................. 162
Proposition 1B ....................................................................................................................... 163
The Big Read Library Grant .................................................................................................. 164
CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2008
TABLE OF CONTENTS
Page
Number
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued)
Budgetary Comparison Schedules (Budgetary Basis) - Capital Project Funds:
Redevelopment Agency - Capital Project .............................................................................. 165
Assessment District 84-1 ....................................................................................................... 166
CFD 2001-01 ......................................................................................................................... 167
CFD 2003-01 Project Fund .................................................................................................... 168
CFD 2003-01 Cultural Center ................................................................................................ 169
Budget Comparison Schedule (Budgetary Basis) – Debt Service Fund:
Redevelopment Agency - Debt Service ................................................................................ 170
Combining Statement of Net Assets - Internal Service Funds ..................................................... 172
Combining Statement of Revenues, Expenses and Changes in
Fund Net Assets - Internal Service Funds ................................................................................... 173
Combining Statement of Cash Flows - Internal Service Funds ................................................... 174
Combining Balance Sheet - All Agency Funds ............................................................................ 178
Combining Statement of Changes in Assets and Liabilities -
All Agency Funds ......................................................................................................................... 185
CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2008
TABLE OF CONTENTS
Page
Number
STATISTICAL SECTION
Financial Trends:
Net Assets by Component – Last Six Fiscal Years ............................................................. 193
Statement of Activities (Condensed) – Last Six Fiscal Years ............................................. 194
Fund Balances of Governmental Funds – Last Six Fiscal Years ........................................ 196
Changes in Fund Balances of Governmental Funds -
Last Six Fiscal Years ........................................................................................................... 197
Revenue Capacity:
Assessed Value and Estimated Actual Value of Taxable Property ..................................... 198
Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ................................. 199
Principal Property Taxpayers – Current Year and Nine Years Ago .................................... 200
Property Tax Levies and Collections – Last Ten Fiscal Years ............................................ 201
Principal Sales Tax Remitters – Current Year and Nine Years Ago ................................... 202
Debt Capacity:
Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ............................................. 204
Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years ............................... 206
Direct and Overlapping Debt................................................................................................ 207
Legal Debt Margin Information – Last Ten Fiscal Years ..................................................... 208
Pledged-Revenue Coverage – Last Ten Fiscal Years ........................................................ 210
Demographic and Economic Information:
Demographic and Economic Statistics – Last Ten Calendar Years .................................... 211
Principal Employers – Current Year and Five Years Ago .................................................... 212
CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2008
TABLE OF CONTENTS
Page
Number
STATISTICAL SECTION (Continued)
Operating Information:
Full-Time and Part-Time City Employees by Function – Last Four Fiscal years ................. 213
Operating Indicators by Function – Last Four Fiscal Years ................................................. 214
Capital Asset Statistics by Function – Last Four Fiscal Years ............................................ 215
City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2008
Introductory Section
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City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2008
Financial Section
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INDEPENDENT AUDITORS' REPORT
To the Honorable Mayor and Members of the City Council
City of Rancho Cucamonga, California
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, each major fund and the aggregate remaining fund information of the City of
Rancho Cucamonga, California, as of and for the year ended June 30, 2008, which collectively comprise
the City's basic financial statements as listed in the table of contents. These financial statements are the
responsibility of the City of Rancho Cucamonga's management. Our responsibility is to express opinions
on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the 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 opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major fund
and the aggregate remaining fund information of the City of Rancho Cucamonga as of June 30, 2008,
and the respective changes in financial position and cash flows where applicable thereof, and the
respective budgetary comparison for the General Fund for the year then ended in conformity with
accounting principles generally accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued our report dated
December 16, 2008 on our consideration of the City of Rancho Cucamonga's internal control over
financial reporting and our tests of its compliance with certain laws, regulations, contracts, grant
agreements and other matters. The purpose of that report is to describe the scope of our testing of
internal control over financial reporting and compliance and the results of that testing and not to provide
an opinion on the internal control over financial reporting or on compliance. That report is an integral part
of an audit performed in accordance with Government Auditing Standards and should be considered in
assessing the results of our audit.
The management's discussion and analysis and the budgetary comparisons are not required parts of the
basic financial statements but are supplementary information required by the Governmental Accounting
Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of
management regarding the methods of measurement and presentation of the required supplementary
information. However, we did not audit the information and express no opinion on it.
Brandon W. Burrows
Donald L. Parker
Michael K. Chu
David E. Hale
A Professional Corporation
Donald G. Slater
Richard K. Kikuchi
Certified Public Accountants Retired
Robert C. Lance 1914-1994
Richard C. Soll
Fred J. Lunghard, Jr. 1928-1999
203 N. Brea Blvd., Suite 2
203 N. Brea Blvd., Suite 203 ● Brea, CA 92821-4056 ● (714) 672-0022 ● Fax (714) 672-0331 ● www.lslcpas.com
To the Honorable Mayor and Members of the City Council
City of Rancho Cucamonga, California
Our audit was conducted for the purpose of forming an opinion on the basic 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 basic financial statements of the City of
Rancho Cucamonga. Such information has been subjected to the auditing procedures applied in the audit
of the basic financial statements and, in our opinion, is fairly presented in all material respects in relation
to the basic financial statements taken as a whole. The scope of our audit did not include the
supplemental statistical schedules listed in the table of contents and we do not express an opinion on
them.
December 16, 2008
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CITY OF RANCHO CUCAMONGA
MANAGEMENT’S DISCUSSION AND ANALYSIS
As management of the City of Rancho Cucamonga (“City”), we offer readers of the City’s financial
statements this narrative overview and analysis of the financial activities of the City for the fiscal year
ended June 30, 2008. Since the Management’s Discussion and Analysis (MD&A) is designed to focus on
the current year’s activities, resulting changes and currently known facts, we encourage the readers to
consider the information presented here in conjunction with additional information furnished in the Letter
of Transmittal and the accompanying basic financial statements. This is the sixth consecutive year that
the City has issued financial statements pursuant to Statement No. 34 of the Governm ental Accounting
Standards Board (GASB 34). Comparative data on the government-wide financial statements are only
presented in the MD&A.
Overview of the Financial Statements
The City is required to present its financial statements in accordance with Gen erally Accepted Accounting
Principles (GAAP), which includes complying with the Governmental Accounting Standards Board
(GASB) pronouncements. In 2003, the City was required to implement GASB Statement No. 34
(GASB 34) which required the City to add new f inancial reports with a new format to the existing
published Comprehensive Annual Financial Report (CAFR). The new financial reporting format includes
the Government-wide Financial Statements, which are comprised of the Statement of Net Assets and the
Statement of Activities (explained below), and the original reporting format, which is the Fund Financial
Statements (explained on page 4), combined into a single unified format. These two statements
combined with the notes to the financial statements compri se the City’s basic financial statements. This
discussion and analysis is intended to serve as an introduction to the City’s basic financial statements.
This report also contains certain supplementary information to the basic financial statements.
Government-wide Financial Statements
Government-wide financial statements include the City and its component units. As stated in Note 1.a. of
the notes to the financial statements, the inclusion of an organization within the scope of the reporting
entity of the City of Rancho Cucamonga, as either blended or separately shown, is based on the
provisions of GASB Statement No. 14 The Financial Reporting Entity. Although legally separate,
component units function for all practical purposes as departments of the City and, therefore, have been
blended as part of the primary government. The City’s component units are the Rancho Cucamonga
Redevelopment Agency, the Rancho Cucamonga Public Improvement Corporation, the Rancho
Cucamonga Fire Protection District, the Rancho Cucamonga Library, and the Rancho Cucamonga Public
Financing Authority.
These statements are designed to provide information about the activities of the City as a whole and
present a longer-term view of the City’s finances. This longer-term view is intended to illustrate the City’s
ability to continue functioning as a viable entity well beyond the next fiscal year’s operations. The
statements are prepared using the accrual basis of accounting. The accrual basis of accounting
considers money available when earned and considers money spent when a liability is incurred. As such,
this basis of accounting focuses on measuring economic resources that are available to the City
regardless of the timing of the availability of those resources. For example, grant revenue may have
been earned as of fiscal year end but may not be received until several months subsequent to fiscal year
end. Under the accrual basis of accounting, this revenue would be recognized as a resource available to
the City as of fiscal year end, even though the actual cash is not received for several months. An
example related to expenditures would be the City’s accrued interest liability. This liability is recognized
as a usage of the City’s resources as of fiscal year end, even though th e actual cash payment will occur
over an extended period of time. The accrual basis of accounting is similar to that used by most private
sector companies. Accordingly, all of the current year’s revenues and expenses are taken into account
regardless of when cash is received or paid. Additionally, these statements reflect the capitalization and
depreciation of infrastructure and other capital assets (e.g., buildings, vehicles, furniture and fixtures, etc.)
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as well as the recognition of various long-term liabilities (e.g., bonds payable, accrued employee benefits,
claims and judgments payable, etc.).
The government-wide financial statements distinguish functions of the City that are principally supported
by taxes, intergovernmental and use of money and property revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities). The governmental activities of the City include general governm ent,
public safety - police, public safety - fire protection, public safety – animal center, community
development, community services, and engineering and public works. The City's business -type activities
include the Sports Complex and Municipal Utility operations.
The statement of net assets presents information on all of the City’s assets and liabilities, with the excess
of assets over liabilities reported as net assets. This statement includes changes in “capitalized and
depreciated” capital assets. The purpose behind the statement of net assets is that, o ver time, increases
or decreases in the net assets are one potential useful indicator of whether the financial position of the
City is improving or deteriorating.
The statement of activities presents information showing how the City’s net assets changed during the
most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise
to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are
reported in this statement for some items that will only result in cash flows (both positive and negative) in
future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave).
Both the governmental activities and the business-type activities are presented on the accrual basis of
accounting, which considers money available when earned and considers money spent when a liability is
incurred. The accrual basis of accounting focuses on measuring economic resources that are available to
the City regardless of timing of the availability of those resources. Proprietary funds, discussed below,
also follow the accrual basis of accounting.
The government-wide financial statements can be found on pages 18 through 19 of this report.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The City, like other state and local governments, uses
fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The fund
financial statements provide detailed information about the most significant funds and other funds – not
the City as a whole. Some funds are required by state law and by bond covenants. In addition, in order
to meet legal responsibilities for using certain taxes, grants, and other resources, prudent fiscal
management requires the establishment of other funds to help control and manage money. All of the
funds of the City can be divided into three categories: governmental funds, proprietary funds, and
fiduciary funds.
By contrast to the government-wide financial statements, the governmental fund financial statements, a
part of the Fund Financial Statements, use the modified accrual basis of accounting which considers
money available when it is collectible within the current period or soon enough thereafter (60 days after
the end of the current fiscal period) to pay liabilities of the current period. Expenses are recorded when a
liability is incurred. Debt service, claims and judgments, and accrued employee leave benefits are not
recorded as liabilities, they are expensed at the time a payment is due. Note 1.c. of the notes to the
Financial Statements more fully describes each basis of accounting.
Governmental funds. Most of the City’s basic services are reported in governmental funds, which focus
on how money flows in and out of those funds and the balances left at year -end that are available for
spending. The governmental fund financial statements provide a detailed short-term view of the City’s
general government operations and the basic services it provides. Governmental fund information helps
determine whether there are more or fewer financial resources that can be spent in the near future to
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finance the City’s programs. The differences between the results in the governmental fund financial
statements and those in the government-wide financial statements are explained in a reconciliation
following each governmental fund financial statement (see pages 8 and 11 of this report).
The City maintains 86 individual governmental funds. Information is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and
changes in fund balances for the General Fund, the Redevelopment Agency Capital Project Fund , and
the Redevelopment Agency Debt Service Fund, all of which are considered to be major funds. Major
funds determination is based on guidelines established by GASB 34. Data for the other 83 governmental
funds are combined into a single, aggregated presentation. The basic governmental fund financial
statements can be found on pages 21 through 29 of this report. Individual fund data for each of the non-
major governmental funds is provided in the form of combining statements and can be found on pages 67
through 109 in this report.
The City adopts an annual appropriated budget for its General Fund. A budgetary comparison statement
has been provided to demonstrate compliance with this budget. This comparison can be found on
page 25 of this report.
Proprietary funds. When the City charges customers fees to cover the cost of the services it provides,
these services are generally reported in proprietary funds. The City maintains two different types of
proprietary funds: enterprise funds and internal service funds. Enterprise funds are used to report the
same functions presented as business-type activities in the government-wide financial statements.
“Enterprise” refers to the fund type while “business-type” refers to the activity type. The City uses
enterprise funds to account for its Sports Complex and Municipal Utility operations.
Internal service funds by contrast are an accounting mechanism used to accumulate and allocate costs
internally among the City’s various functions. The City uses internal service fund s to account for
vehicle/equipment replacement and computer equipment/technology replacement. Because these
services predominantly involve governmental rather than business-type activities, this fund type has been
included within governmental activities in the government-wide financial statements. Internal service
funds are presented as proprietary funds because both enterprise and internal service funds follow the
accrual basis of accounting.
In the fund financial statements section, proprietary funds provide similar information to that contained in
the business-type activities in the government-wide financial statements, only in more detail. The
proprietary fund financial statements provide separate information for the Sports Complex and Municipal
Utility operations, both of which are considered to be major funds of the City. All internal service funds
are combined into a single, aggregated presentation in the proprietary fund financial statements.
Individual fund data for the internal services funds is provided in the form of combining statements and
can be found on pages 167 through 169 in this report.
The basic proprietary fund financial statements can be found on pages 26 through 28 of this report.
Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside
the government. In these cases, the City has a fiduciary responsibility and is acting as a trustee.
Fiduciary funds are not reflected in the government-wide financial statements because the resources of
these funds are not available to support the City’s own programs. The accounting used for fiduciary
funds is much like that used for proprietary funds. The City’s fiduciary activities are reported in a separate
Statement of Fiduciary Net Assets on page 29 of this report.
The fiduciary fund type that the City maintains is an agency fund. An agency fund is a fund used to
account for assets held by the City as trustee or agent for individuals, private organizations, or other
governmental units, and/or other funds. Individual fund data for each of these agency funds is provided in
the form of combining statements found on pages 171 through 176 of this report.
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Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in
the government-wide and fund financial statements. The notes to the financial statements begin on
page 30 of this report.
Government-wide Financial Analysis
Our analysis focuses on the City’s net assets (Table 1) and the changes in net assets (Table 2) as a
result of the City’s activities. Comparative total data for the prior year has been presented. An analysis of
the significant increases/decreases from the prior year is provided after each table.
2008 2007 2008 2007 2008 2007
Current and other assets 717,250$ 607,463$ 5,642$ 7,638$ 722,892$ 615,101$
Capital assets, net 647,236 588,957 30,588 26,474 677,824 615,431
TOTAL ASSETS 1,364,486 1,196,420 36,230 34,112 1,400,716 1,230,532
Long-term liabilities
outstanding 460,930 341,255 - - 460,930 341,255
Other liabilities 29,463 22,645 1,716 1,152 31,179 23,797
TOTAL LIABILITIES 490,393 363,900 1,716 1,152 492,109 365,052
Net assets:
Invested in capital assets,
net of related debt 223,111 284,190 30,588 21,023 253,699 305,213
Restricted 535,665 429,254 3,924 418 539,589 429,672
Unrestricted 115,317 119,076 2 11,519 115,319 130,595
TOTAL NET ASSETS 874,093$ 832,520$ 34,514$ 32,960$ 908,607$ 865,480$
Governmental
Activities Activities
Business-Type
Total
TABLE 1
NET ASSETS
(IN THOUSANDS)
As of June 30, 2008
Net assets, the difference between a government’s assets and its liabilities , may serve over time as one
potential useful indicator of a government’s financial position. Net assets includes the City’s capital
assets, cash balances, amounts receivable from other entities, and other similar resources offset by
payments due to vendors, interest payable, long-term debt, and other similar obligations. In the case of
the City, total assets (of which 48% represents capital assets of the City, including infrastructure)
exceeded total liabilities by $908,607,074 at the close of the most recent fiscal year. This year, the
assets of both the governmental and the business-type activities at year end exceeded liabilities. A more
detailed discussion of these results will be discussed in the following sections for both governmental and
business-type activities.
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The government’s total net assets increased by $43,127,414, or 5%, during the current fiscal year,
reflecting positive changes in the governmental activities of $41,573,380 and the business-type activities
of $1,554,034. Net assets were also increased by $8,516,808 ($7,358,076 for governmental activities
and $1,158,732 for business-type activities) as a result of certain restatements occurring at the beginning
of the fiscal year (see Note 12 to the financial statements for additional information). The following is an
explanation of the major changes:
Capital assets (e.g., infrastructure and other capital assets such as buildings, vehicles, furniture
and fixtures, etc.) increased by $62,393,678, net of accumulated depreciation. The increase in
capital assets is due to capital construction projects and infrastructure improvements such as
major increases in the City’s road and storm drain systems. The City uses these capital assets to
provide services to citizens; consequently, these assets are not available for future spending.
Current and other assets (e.g., cash and investments, receivables, prepaid costs, cash with fiscal
agent, etc.) increased by $107,791,092. This increase is due to the combination of several
factors: 1) an increase in cash and investments of approximately $111.3 million as a result of
increased property tax revenue (primarily tax increment revenue in the RDA), increased
investment earnings, and cash generated from the issuance of the 2007 tax allocation bonds; 2)
an increase in notes and loans receivable of approximately $8.1 million due to additional
financing for development projects and the accrual of interest for the various loan agreements
entered into by the Redevelopment Agency to provide funding for affordable housing; and 3) a
$2.6 million increase in deferred charges related to the cost of issuance for a new bond issuance
(the costs will be amortized over the life of the bonds). The total increase is offset with the
following decreases: 1) Grants receivable decreased by $3.8 million due to a decrease in
activities related to the Pedestrian and Transportation Enhancement Act grants ($2.7 million prior
year receivable) and also due to the completion of the Biane Library construction ($1.1 million
prior year receivable); and 2) cash and investments with fiscal agent decreased $10.6 million due
to drawdowns on various Community Facilities District bond funds for capital improvements
during the current year.
Long-term debt outstanding (e.g., bonds, Agency loans, claims and judgments payable, and
accrued employee benefits) increased by $119,674,757 largely due to the issuance of the 2007
Housing Set-aside Tax Allocation Bonds (TAB) in the amount of $155,620,000, which also
refunded the 1996 TAB issue with an outstanding balance of $30,550,000. In addition, the City
added accrued interest for a developer loan in the amount of $199,465, the City accrued an
additional $1,287,449 in claims and judgments payable, and $3,078,313 for accrued employee
benefits. Payments for the capital lease of $16,719, claims and judgments in the amount of
$904,245, employee benefits in the amount of $2,468,609, and principal payments on
outstanding debt in the amount of $6,655,904 were made for a total amount of $40,595,477. A
prior period adjustment in the amount of $(635,548) has been reflected in the financial statements
to correct the prior year’s ending balance on a developer loan. The remaining change of
$720,555 is due to a change in unamortized bond premiums.
Other liabilities (e.g., accounts payable, accrued interest, due to other governments, etc.)
increased by $7,382,599 due primarily to the Proposition 1B grant money remaining unspent at
year end for about $2.7 million. As this grant money is intended to reimburse the City for costs
incurred, it cannot be recognized as revenue until the respective projects are completed . Also as
a result of the increase in long-term debt, interest payable increased about $2 million in the
current year. Lastly, accounts payable and accrued liabilities increased $1.5 million combined
due to the timing of payments at year end.
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2008 2007 2008 2007 2008 2007
REVENUES:
Program Revenues:
Charges for services 16,103$ 18,151$ *9,155$ 9,551$ 25,258$ 27,702$
Operating grants and
contributions 5,827 8,190 - - 5,827 8,190
Capital grants and
contributions 25,559 76,161 *- - 25,559 76,161
General Revenues:
Taxes:
Property taxes 150,978 140,516 - - 150,978 140,516
Admissions taxes - 2 24 2 24
Transient occupancy taxes 1,762 1,745 - - 1,762 1,745
Sales taxes 25,579 26,715 - - 25,579 26,715
Franchise taxes 6,589 7,966 - - 6,589 7,966
Intergovernmental 689 997 - - 689 997
Use of money and property 30,785 28,788 458 254 31,243 29,042
Other 4,730 5,738 18 16 4,748 5,754
Gain on sale of capital assets 16 - - - 16 -
TOTAL REVENUES 268,617 314,967 9,633 9,845 278,250 324,812
EXPENSES:
General government 47,392 42,854 *- - 47,392 42,854
Public safety - police 28,031 26,330 - - 28,031 26,330
Public safety - fire protection 23,197 21,604 - - 23,197 21,604
Public safety - animal center 2,731 - - - 2,731 -
Community development 60,637 53,120 - - 60,637 53,120
Community services 13,743 12,391 - - 13,743 12,391
Engineering and public works 34,718 22,408 *- - 34,718 22,408
Interest on long term debt 23,870 19,705 - - 23,870 19,705
Sports Complex - - 2,052 2,010 2,052 2,010
Municipal Utility - - 7,269 7,153 7,269 7,153
TOTAL EXPENSES 234,319 198,412 9,321 9,163 243,640 207,575
INCREASE (DECREASE) IN NET
ASSETS BEFORE TRANSFERS 34,298 116,555 312 682 34,610 117,237
TRANSFERS (83) (1,719) 83 1,719 - -
INCREASE (DECREASE)
IN NET ASSETS 34,215$ 114,836$ 395$ 2,401$ 34,610$ 117,237$
Restatement of Net Assets (See Note 12)7,777 (9,886) 1,159 - 8,936 (9,886)
Change in Net Assets from Prior Year 41,992$ 104,950$ 1,554$ 2,401$ 43,546$ 107,351$
*Amounts adjusted for comparison purposes.
Total
TABLE 2
CHANGES IN NET ASSETS
(IN THOUSANDS)
Year ended June 30, 2008
Governmental
Activities
Business-Type
Activity
9
The above condensed statement of activities of the City’s governmental and business -type operations for
the period ended June 30, 2008 shows total net assets increasing by $34,610,606. Governmental
activities increased the City of Rancho Cucamonga’s net assets by $34,215,304, accounting for 98.9% of
the total growth in net assets, and business-type activities contributed $395,302 to net assets. In addition
to the current year’s activities, net assets were further increased by $8,935,551 as a result of required
accounting adjustments occurring at the beginning of the fiscal year (see Note 12 to the financial
statements for additional information). Net assets in the prior fiscal year increased by $117,236,615
based on the results of operations and were decreased by $9,885,541 as a result of required accounting
adjustments.
In order of total dollar amount of change, the most significant changes in re venue were in the categories
of operating grants and contributions, capital grants and contributions, and property taxes.
The decrease in capital grants and contributions of $50,602,749 is primarily due to the proceeds
for the three new Community Facilities Districts (CFDs) bonds totaling $47.5 million to fund
infrastructure improvements in the prior year. Additionally, there were prior year contributions by
developers of right-of-ways in the approximate amount of $8 million. No CFD bonds were issued
in the current year.
The increase in property taxes of $10,461,928 is due to increased assessed valuations
throughout the City along with new housing developments. Included in the growth in general
property taxes is property tax increment revenue ($6,692,316 of the increase) which is received
by the Redevelopment Agency and is restricted as to its use because 20% must pay for
affordable housing and 80% must pay for debt service. The remaining growth in general property
taxes relates primarily to the Fire District and the City’s General Fund.
Operating grants and contributions decreased $2,362,761 due to a slowdown of the economy in
the second half of the current fiscal year that caused new development to drop significantly
compared to the prior year.
The most significant changes in expenses were in general government, engineering and public works,
community development, and interest on long term debt.
General government increased $4,537,957 due to an increase of approximately $1.5 million in
pass-thru payments from the Redevelopment Agency, a $1 million loss on disposal of fixed
assets (including a portion pertaining to prior year dispositions), approximately $936,000 related
to the fulfillment of labor contracts and merit increases, $313,000 in increased utilities costs,
$502,000 for the retrofit of certain departmental areas at City Hall, and other cost increases in
general government.
Engineering and public works expenses increased $12,309,919 due primarily to the timing of the
capitalization of the City’s infrastructure. Infrastructure that was construction-in-progress in the
prior year was not capitalized until the current year when it was completed. This results in a
difference between current year capital outlay expenditures and current year capital additions. To
adjust for this timing difference, an additional $8.2 million was shown as expense in the current
year on the Statement of Activities. Additionally, depreciation expense increased approximately
$2 million due to additions to the City’s fixed assets
Community development expense increased $7,517,940 primarily due to prior year expenses in
the amount of $35.6 million related to Community Facilities District (CFD) No. 2004-01 (Rancho
Etiwanda Estates) which did not recur in the current year, and the additional $42.5 million paid in
the current year to secure affordability covenants in perpetuity (but not to exceed 99 years) on
low-mod property related to the 2007 bond issue and to add another 60 units in various projects
over a five year period.
10
Interest on long term debt increased $4,163,724 due primarily to the issuance of the 2007
Housing Set-aside Tax Allocation Bonds in the current year which increased long-term debt
repayments.
The following presents the cost of each of the City’s seven governmental activities– general government,
public safety – police, public safety – fire protection, public safety – animal center, community
development, community services, engineering and public works, and interest on long-term debt.
Revenue generated by these programs consists of charges for services, operating contributions and
grants, and capital contributions and grants. Expenses consist of the total expenses for the governmental
activities which include expenses unrelated to program revenues. The net cost of services (total cost
less revenues generated by the activities) is the amount that was paid from general revenues, i.e.,
revenues not related to a specific function or program .
2008 2007 2008 2007
General government 47,392$ 42,854$ *(45,316)$ (39,221)$
Public safety - police 28,031 26,330 (26,353) (23,801)
Public safety - fire protection 23,197 21,604 (22,204) (20,877)
Public safety - animal center 2,732 - (2,289) -
Community development 60,637 53,120 (40,793) (1,980)
Community services 13,743 12,391 (9,416) (3,496)
Engineering and public works 34,718 22,408 *(19,843) 8,862
Interest on long-term debt 23,870 19,705 (23,870) (19,706)
Total 234,320$ 198,412$ (190,084)$ (100,219)$
*Amount adjusted for comparison purposes.
Governmental Activities
(In Thousands)
of Services
Total Cost
of Services
Net Cost
Financial Analysis of the Government’s Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance -
related legal requirements. The following financial analysis is performed only for the government al and
proprietary funds. The fiduciary funds are excluded from this analysis as they do not represent resources
available to the City.
Governmental Funds. The focus of the City’s governmental funds is to provide information on near -term
inflows, outflows and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, designated and unreserved fund balance may serve as a useful
measure of a government’s net resources available for spending at the end of the fiscal year.
On page 21 the governmental funds balance sheet is shown. The combined fund balance of
$625,419,944 increased $105,758,169 or 20.4%, after restatements of $(196,153) (see Note 12 to the
financial statements for further detail of the restatements). The combined fund balance of $625,419,944
represents the beginning point for the reconciliation of the balance sheet of governmental funds to the
statement of net assets detailed on page 8 of this report. This total includes the General Fund balance of
$95,010,771, which increased slightly by $35,033 from the prior year, before restatements of $(41,813).
The City’s General Fund balance has reserves of $16,194,519 of which $9,821,227 is for advances,
$3,672,804 is for encumbrances, $2,318,766 is for prepaid costs, $361,722 is for radio system
acquisition, and $20,000 is for deposits. Funds that are categorized as reserved are not available as
11
spendable resources or they are legally segregated for a specific use. $78,816,252 has been designated
in the General Fund indicating the City Council's plans for the future usage of City resources, according to
the policies enumerated below:
These policies also ensure a prudent level of protection for the finances of the City in times of
emergencies, revenue declines, and other unforeseen events . Certain designated funds enable the
organization to operate in a business-like structure to address future liabilities while certain other
designated funds help to support the City’s credit rating which is also important to promote fiscal
excellence.
Designated for changes in economic circumstances: The designation for changes in
economic circumstances is the reserve that is often referred to by the general public when a
reference is made as to the amount of a City’s reserve. This is the “savings accoun t” of non-
recurring revenue that would be utilized should an economic downturn or an emergency occur,
and it is one of the major factors that rating agencies consider when rating a city’s fiscal health.
Designated for City facilities' capital repair: The City facilities' capital repair funding goal
mirrors the industry standard of 15% of capital asset value. All capital repairs for all City facilities
and buildings are funded independently of the general fund, which only pays for routine annual
operational maintenance.
Designated for self-insurance: This designation is fully funded with all current claims generally
being paid from interest earnings on the fund. As such, the fund is basically self -funding.
General liability claims, therefore, do not im pact the General Fund, which only budgets for major
loss insurance premiums.
Designated for working capital: The working capital designation is intended to provide
sufficient liquidity for the City's day-to-day operations so that fluctuations in revenue receipts
throughout the year will not disrupt the City's investment portfolio and avoids having to borrow for
operations. The funding level for this reserve has been established by the City Council at 5% of
the City's General Fund budget for the upcoming fiscal year.
Designated for long-term employee leave payouts: This designation sets aside funding for
the long-term portion of future employee leave payouts such as sick leave, vacation, etc., and is
separate from recurring personnel costs.
Designated for law enforcement: This designation represents Police Department fund balance
used to facilitate unexpected equipment, facilities, or other law enforcement needs within the
community.
Designated for contract development services: This designation is comprised of AB 1600
development fees that can only be used annually for development processing services and must
be segregated to ensure compliance with AB 1600.
Designated for booking fees: This designation represents funds set aside to offset future
anticipated cost increases in the fees that the County of San Bernardino charges the City for the
booking of prisoners.
Designated for sphere of influence and multi-species habitat plan: This designation
provides funding to enable the City to meet our commitm ent for processing these two important
programs in partnership with the County. Council actions have created the City's involvement
with these two policy areas.
Designated for guaranteed investment contract : This designation represents funds that were
invested in a Guaranteed Investment Contract (GIC) in order to generate an interest revenue flow
to assist in funding contractual labor agreements during a time period in which the City’s
budgeted revenue was experiencing unusual fluctuation. These funds are not available for
withdrawal until FY 2008/09 and have already been committed by the City Council to fully fund
the City’s GASB 45 liability at that time..
12
Designated for information technology: This designation is comprised of the net of
Information Technology Fee revenues which are governed by AB1600 and the related
expenditures to enhance technology for the Community Development departments.
Designated for capital projects: This designation represents funds set aside by the City Council
to complete specific capital projects.
Designated for general plan update: This designation is comprised of General Plan Update
Fee revenues which are governed by AB1600. The revenues will be accumulated for the
eventual funding of the next General Plan update for the City.
Designated for spay/neuter program: This designation is comprised of funding set aside to
provide future enhancements to the Animal Center’s spay and neuter program.
Designated for unrealized gain on investments : This designation offsets the valuation
allowance recorded at fiscal year end to mark the City’s investment portfolio to market value.
The balance sheet presents two other major funds, the Redevelopment Agency capital project fund and
the Redevelopment Agency debt service fund. The Redevelopment Agency’s capital project fund has a
fund balance of $296,868,071, which increased by $93,089,599 from the prior year. The increase is
mainly due to the revenue provided by the issuance of the Housing Set-Aside Tax Allocation Bonds,
which have a combined par value of $155,620,000. The Redevelopment Agency’s capital project fund
balance has reserves of $93,980,553 of which $16,588,040 is for encumbrances, $3,953,624 is for
advances, $12,520,105 is for land held for resale, $60,850,708 is for long-term notes and loans
receivable, and $68,076 is for prepaid costs. The Redevelopment Agency’s capital project fund
designates $202,887,518 for continuing projects related to affordable housing and the usage of bond
proceeds. The Redevelopment Agency’s debt service fund has a fund balance of $126,859,864, which
has increased by $22,462,634 from the prior year. The increase is due to property tax increment growth
along with the deferral of a capital project. The Redevelopment Agency’s debt service fund balance has
reserves of $4,622,150 of which $2,933,829 is for encumbrances and $1,688,321 is for vehicle and
equipment replacement. None of these funds has an unreserved/undesignated fund balance.
The other governmental funds are what make up the remainder of the combined fund balance for all
governmental funds. These funds consist of the City’s 66 special revenue funds and the City’s 17 capital
project funds. These funds have a combined fund balance of $106,681,238, which has decreased by
$9,705,479 from the prior year, after restatements of $(81,805) (see Note 12 to the financial statements
for further detail of the restatements). The other governmental funds have a reserved fund balance of
$49,727,930 of which $17,029,147 is for encumbrances, $5,404,969 is for vehicle and equipment
replacement, $25,893,272 is for capital projects, $1,364,544 for land acquisition, and $35,998 is for
prepaid costs.
While the special revenue funds have a combined unreserved/undesignated fund balance of
$49,089,518, and the capital project funds have a combined unreserved/undesignated fund balance of
$7,863,790, it should be noted that unreserved/undesignated fund balances in special revenue and
capital project funds must be utilized for specific purposes and are not avai lable for general City
operations. Most such funds are accumulated over time until they are sufficient to pay for planned capital
and infrastructure projects.
Proprietary Funds. The City’s proprietary funds consist of two major enterprise funds and tw o internal
service funds. The two major enterprise funds are the Sports Complex fund, which accounts for the
activities of the Sports Complex, and the Municipal Utility fund, which accounts for the City's electric utility
operations. The internal service funds are the Vehicle and Equipment Replacement fund and the
Computer Equipment/Technology Replacement fund.
Net assets for the enterprise funds are $34,558,556 of which $30,588,075 represents the amount
invested in capital assets and $3,923,938 represents the amount for public benefit. Unrestricted net
assets amount to $46,543, which will be used to cover future operations and activities. The total growth
13
in net assets for the enterprise funds is $1,562,761, after restatements of $1,158,732 (see Note 12 to the
financial statements for further detail of the restatements), as a result of routine operations overall and
expanded services in the Municipal Utility.
Net assets for the internal service funds are $20,321,765, of which $3,749,823 represents the amount
invested in capital assets. Unrestricted net assets amount to $16,571,942, which will be used to cover
future vehicle and equipment and computer equipment/technology replacements. Total net assets
decreased for these funds by $569,927 due to replacement needs exceeding current year user charges.
General Fund Budgetary Highlights
During the year, with the recommendation from the City’s staff, the City Council may revise the City’s
budget as needed. Adjustments were made periodically as additional appropriations were necessary to
cover the cost of projects that either had required change orders for additional work, or the estimated cost
at the beginning of the project changed due to external factors. Adjustments were also made through
increases or decreases to budgets in order to maintain the current level of services. For example,
increased development activity may result in the need to utilize additional contract inspector services to
handle the additional workload. All amendments that either increase or decrease appropriations are
approved by the City Council.
For the City’s General Fund, ending revenues of $90,786,894 were $18,179,624 more than the final
budgeted revenues of $72,607,270. This overall positive variance was primarily due to developer
contributions of rights-of-way during the fiscal year which were not budgeted for. A similar offsetting
negative budget variance is shown in the capital outlay expenditures to reflect the cost of the rights-of-
way.
The General Fund’s actual ending expenditures of $94,424,665 were $12,105,235 more than the final
budget of $82,319,430. The majority of this variance is due to the developer donated rights-of-way which
were not budgeted for and resulted in a significant negative variance in capital outlay expenditures. This
negative variance was offset by savings in other areas.
Capital Assets and Debt Administration
Capital Assets
As stated in the Overview of the Financial Statements, the new financial statement format required by
GASB 34 reflects the capitalization and depreciation of infrastructure and other capital assets (e.g.,
buildings, vehicles, furniture and fixtures, etc.).
At the end of the fiscal year, the City had $677,092,300 invested in a broad range of capital assets
(see Table 3 below). This amount represents a net increase (including additions and deductions) of
$61,661,773.
14
2008 2007 2008 2007 2008 2007
Land 75,904$ 75,904$ 5,451$ 5,451$ 81,355$ 81,355$
Right-of-way 217,734 - - - 217,734 -
Construction in progress 19,165 509 4,092 - 23,257 509
Buildings and improvements 116,893 118,635 20,847 20,090 137,740 138,725
Equipment and vehicles 11,187 10,072 198 932 11,385 11,004
Furniture and fixtures 1,260 1,101 - 1 1,260 1,102
Infrastructure 205,093 382,736 - - 205,093 382,736
TOTALS 647,236$ 588,957$ 30,588$ 26,474$ 677,824$ 615,431$
Governmental
Activities
Business-Type
Activities Total
TABLE 3
CAPITAL ASSETS AT YEAR-END
For the year ended June 30, 2008
(NET OF DEPRECIATION, IN THOUSANDS)
The most significant changes in capital assets for governmental activities are in the following categories
(in order of dollar amount): right of way, infrastructure, and construction in progress.
Right-of-way increased by $217,733,877 as a result of a reclass from infrastructure in the amount
of $197,631,019, plus $17,905,906 of developer donated right-of-way and $2,333,397 of
completed projects transfered from construction-in-progress.
Infrastructure decreased by $169,110,280 from the prior year due to the reclass of $197,631,019
to right-of-way. This was offset by a $30,290,762 increase in infrastructure due to growth in the
City’s road and storm drain systems in accordance with the City’s general plan.
The increase in construction in progress of $18,655,590 is due to the following capital projects in
progress at fiscal year end: Foothill Boulevard median lighting project ($2.8 million), Pacific
Electric trail project at various phases ($9 million), traffic lights construction at various locations
($3.6 million), freeway interchange improvement at Foothill Boulevard ($1 million), Alfreda Ward
greenbelt improvement ($1.4 million), and various other miscellaneous capital projects started
during the year.
Additional information on the City’s capital assets can be found in the financial statements note 5 of this
report.
Debt Administration
At year end, the City’s governmental activities had total debt outstanding in the amount of $460,929,926
for bonds (RDA), loans (RDA), capital lease, claims and judgments payable, and accrued employee
benefits compared to $341,133,765 in the prior year, an increase of $119,796,161. (See Table 4 below).
The increase of $119,375,000 in the tax allocation bonds is due the issuance of the 2007 Housing
Set-aside Tax Allocation Bonds at a par value of $155,620,000, offset by the refunding of the
1996 issue with an outstanding balance of $30,550,000 at the beginning of the year. An
additional decrease of $5,695,000 occurred due to annual debt service payments.
15
2008 2007 2008 2007 2008 2007
Tax Allocation Bonds 424,060$ 304,685$ -$ -$ 424,060$ 304,685$
Developer Loans 21,705 23,102 - - 21,705 23,102
Capital Lease 65 82 - - 65 82
Claims and Judgments Payable 3,041 2,658 - - 3,041 2,658
Accrued Employee Benefits 7,015 6,405 - - 7,015 6,405
Unamortized Bond Premium 5,044 4,323 - - 5,044 4,323
TOTALS 460,930$ 341,255$ -$ -$ 460,930$ 341,255$
(IN THOUSANDS)
For the year ended June 30, 2008
TABLE 4
OUTSTANDING DEBT, AT YEAR END
Total
Governmental
Activities
Business-Type
Activities
Standard & Poor's Corporation and Moody's Investors Service have assigned, respectively, the tax
allocation bonds ratings of "AAA" and "Aaa" upon their issuance.
Additional information on the City’s outstanding debts can be found in the financial statements note 7 of
this report.
Economic Factors and Next Year’s Budgets
Fiscal Year 2008/09 will represent a year of econom ic challenges as the City, like all other state and local
governments throughout the nation, adjusts to the direct and ancillary effects of the collapse of the
housing market and the growing sub-prime mortgage default crisis in the county. Some of the maj or
revenue impacts on the operating budget include a decline in development fee revenues; declining
property tax, franchise fee, and sales tax revenues; and a reduction in State funding. Some of the major
cost challenges addressed in the operating budget include an increase in the police contract; final year of
labor contracts; increased utility and fuel costs; increased building and facilities capital maintenance and
other fixed costs; and increased fees charged by other agencies.
The Operating Budget for Fiscal Year 2008/09 is balanced within the constraints of the above noted fixed
cost increases and revenue declines caused by the economic downturn, with a planned usage of
$463,360 in reserves to fully fund current City services. The City will continue to provide the highest level
of service to the community within the City’s financial constraints while remaining consistent with the City
Council’s goals and objectives. The General Fund budget for Fiscal Year 2008/09 is $69,651,570
representing a $437,420 decrease from the prior year.
Questions or requests for information regarding the City of Rancho Cucamonga’s Fiscal Year 2008/09
budget should be directed to the Finance Department at the address below.
Contacting the City’s Financial Management
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors
with a general overview of the City of Rancho Cucamonga’s finances and to show the City’s
16
Contacting the City’s Financial Management
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors
with a general overview of the City of Rancho Cucamonga’s finances and to show the City’s
accountability for the money it receives. Questions concerning any of the information provided in this
report or requests for additional financial information should be addressed to the Finance Department at
the City of Rancho Cucamonga, 10500 Civic Center Drive, Rancho Cucamonga, CA 91730.
CITY OF RANCHO CUCAMONGA
STATEMENT OF NET ASSETS
Governmental Business-Type
Activities Activities Total
Assets:
Cash and investments 579,240,349$ 4,061,231$ 583,301,580$
Receivables:
Accounts 3,116,220 1,620,210 4,736,430
Taxes 11,500,849 - 11,500,849
Notes and loans 63,520,028 - 63,520,028
Accrued interest 2,102,530 5,121 2,107,651
Deferred loans 414,480 - 414,480
Grants 3,176,153 - 3,176,153
Internal balances 44,937 (44,937) -
Prepaid costs 2,425,574 569 2,426,143
Deposits 20,000 - 20,000
Deferred charges 6,226,354 - 6,226,354
Land held for resale 12,520,105 - 12,520,105
Restricted assets:
Cash and investments with fiscal agent 32,942,642 - 32,942,642
Capital assets not being depreciated 312,802,741 9,543,328 322,346,069
Capital assets, net of depreciation 334,433,389 21,044,747 355,478,136
JUNE 30, 2008
Primary Government
See Notes to Financial Statements
Total Assets 1,364,486,351 36,230,269 1,400,716,620
Liabilities:
Accounts payable 16,434,556 1,695,982 18,130,538
Accrued liabilities 1,466,830 19,040 1,485,870
Accrued interest 7,288,629 - 7,288,629
Unearned revenue 3,811,627 - 3,811,627
Deposits payable 46,237 1,628 47,865
Due to other governments 415,091 - 415,091
Noncurrent liabilities:
Due within one year 18,716,959 - 18,716,959
Due in more than one year 442,212,967 - 442,212,967
Total Liabilities 490,392,896 1,716,650 492,109,546
Net Assets:
Invested in capital assets,
net of related debt 223,110,913 30,588,075 253,698,988
Restricted for:
Community development projects 23,937,471 - 23,937,471
Public safety 265,103 - 265,103
Community services 11,873,531 - 11,873,531
Capital projects 358,173,563 - 358,173,563
Debt service 126,859,864 - 126,859,864
Fire protection 14,555,640 - 14,555,640
Public benefit - Municipal Utility - 3,923,938 3,923,938
Unrestricted 115,317,370 1,606 115,318,976
Total Net Assets 874,093,455$ 34,513,619$ 908,607,074$
See Notes to Financial Statements 17
CITY OF RANCHO CUCAMONGA
STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2008
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:
Governmental Activities:
General government 47,391,797$ 4,144,481$ 353,843$ -$
Public safety - police 28,030,856 1,187,255 490,330 -
Public safety - fire protection 23,197,346 967,359 2,200 23,892
Public safety - animal center 2,731,829 442,804 - -
Community development 60,637,449 1,552,777 1,182,202 17,905,906
Community services 13,742,620 3,601,259 725,080 -
Engineering and public works 34,717,941 4,207,159 3,073,226 7,629,088
Interest on long-term debt 23,869,542 - - -
Total Governmental Activities 234,319,380 16,103,094 5,826,881 25,558,886
Business-Type Activities:
Sports Complex 2,052,181 421,728 - -
Municipal Utility 7,268,058 8,733,811 - -
Total Business Type Activities 9 320 239 9 155 539
Program Revenues
See Notes to Financial Statements
Total Business-Type Activities 9,320,239 9,155,539 - -
Total Primary Government 243,639,619$ 25,258,633$ 5,826,881$ 25,558,886$
General Revenues:
Taxes:
Property taxes, levied for general purpose
Admissions tax
Transient occupancy taxes
Sales taxes
Franchise taxes
Motor vehicle in lieu - unrestricted
Use of money and property
Other
Gain on sale of capital asset
Transfers
Total General Revenues and Transfers
Change in Net Assets
Net Assets at Beginning of Year
Restatement of Net Assets
Net Assets at End of Year
See Notes to Financial Statements 18
Primary Government
Governmental Business-Type
Activities Activities Total
(42,893,473)$ -$ (42,893,473)$
(26,353,271) - (26,353,271)
(22,203,895) - (22,203,895)
(2,289,025) - (2,289,025)
(39,996,564) - (39,996,564)
(9,416,281) - (9,416,281)
(19,808,468) - (19,808,468)
(23,869,542) - (23,869,542)
(186,830,519) - (186,830,519)
- (1,630,453) (1,630,453)
- 1,465,753 1,465,753
(164 700)(164 700)
Net (Expenses) Revenues and Changes in Net Assets
See Notes to Financial Statements
- (164,700) (164,700)
(186,830,519) (164,700) (186,995,219)
150,978,393 - 150,978,393
- 1,550 1,550
1,762,291 - 1,762,291
25,578,737 - 25,578,737
6,588,716 - 6,588,716
689,020 - 689,020
30,785,171 457,593 31,242,764
4,730,412 17,844 4,748,256
16,098 - 16,098
(83,015) 83,015 -
221,045,823 560,002 221,605,825
34,215,304 395,302 34,610,606
832,520,075 32,959,585 865,479,660
7,358,076 1,158,732 8,516,808
874,093,455$ 34,513,619$ 908,607,074$
See Notes to Financial Statements 19
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2008
Capital Projects
Funds
Debt Service
Funds
General
Assets:
Cash and investments 76,726,891$ 268,884,155$ 109,744,836$
Receivables:
Accounts 813,842 1,750 -
Taxes 5,759,845 922,223 3,554,188
Notes and loans - 63,520,028 -
Accrued interest 407,139 1,416,323 60,740
Deferred loans - - -
Grants - - -
Prepaid costs 2,318,766 68,076 -
Deposits 20,000 - -
Due from other funds 4,660,866 48,267 -
Advances to other funds 49,640,877 3,953,624 -
Land held for resale - 12,520,105 -
Restricted assets:
Cash and investments with fiscal agents - 48,878 20,701,227
Total Assets 140,348,226$ 351,383,429$ 134,060,991$
Liabilities and Fund Balances:
Liabilities:
Accounts payable 3,143,638$ 2,172,856$ 6,024,516$
Accrued liabilities 535,365 19,251 -
Deferred revenues 41,616,079 2,669,320 -
Unearned revenues - - -
Deposits payable 42,373 - -
Due to other governments 611
Redevelopment
Agency
Redevelopment
Agency
Due to other governments - - 611
Due to other funds - 313,054 1,176,000
Advances from other funds - 49,340,877 -
Total Liabilities 45,337,455 54,515,358 7,201,127
Fund Balances:
Reserved:
Reserved for encumbrances 3,672,804 16,588,040 2,933,829
Reserved for prepaid costs 2,318,766 68,076 -
Reserved for land held for resale - 12,520,105 -
Reserved for land acquisition - - -
Reserved for notes and loans - 60,850,708 -
Reserved for advances to other funds 9,821,227 3,953,624 -
Reserved for deposits 20,000 - -
Reserved for capital projects - - -
Reserved for vehicle and equipment replacement - - 1,688,321
Reserved for radio system acquisition 361,722 - -
Unreserved:
Unreserved, reported in nonmajor:
Special revenue funds - - -
Capital projects funds - - -
Designated for self-insurance 8,365,412 - -
Designated for working capital 3,482,579 - -
Designated for capital improvement projects 1,550,000 202,887,518 -
Designated for changes in economic circumstances 16,697,926 - -
Designated for debt service - - 122,237,714
Designated for City facilities' capital repair 18,206,670 - -
Designated for information technology 548,314 - -
Designated for employee leave payouts 4,865,884 - -
Designated for booking fees 1,391,059 - -
Designated for law enforcement 4,498,070 - -
Designated for contract development services 1,705,483 - -
Designated for sphere of influence 695,710 - -
Designated for guaranteed investment contracts 16,180,956 - -
Designated for multi-species habitat plan 200,000 - -
Designated for spay/neuter program 310,062 - -
Designated for unrealized gain on investments 118,127 - -
Total Fund Balances 95,010,771 296,868,071 126,859,864
Total Liabilities and Fund Balances 140,348,226$ 351,383,429$ 134,060,991$
See Notes to Financial Statements 20
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Notes and loans
Accrued interest
Deferred loans
Grants
Prepaid costs
Deposits
Due from other funds
Advances to other funds
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Other Total
Governmental Governmental
Funds Funds
106,380,295$ 561,736,177$
2,177,695 2,993,287
1,264,593 11,500,849
- 63,520,028
194,995 2,079,197
414,480 414,480
3,176,153 3,176,153
35,998 2,422,840
- 20,000
244,994 4,954,127
- 53,594,501
- 12,520,105
12,192,537 32,942,642
126,081,740$ 751,874,386$
4,135,249$ 15,476,259$
912,214 1,466,830
2,527,304 46,812,703
3,811,627 3,811,627
3,864 46,237
414 480 415 091Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land held for resale
Reserved for land acquisition
Reserved for notes and loans
Reserved for advances to other funds
Reserved for deposits
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Unreserved, reported in nonmajor:
Special revenue funds
Capital projects funds
Designated for self-insurance
Designated for working capital
Designated for capital improvement projects
Designated for changes in economic circumstances
Designated for debt service
Designated for City facilities' capital repair
Designated for information technology
Designated for employee leave payouts
Designated for booking fees
Designated for law enforcement
Designated for contract development services
Designated for sphere of influence
Designated for guaranteed investment contracts
Designated for multi-species habitat plan
Designated for spay/neuter program
Designated for unrealized gain on investments
Total Fund Balances
Total Liabilities and Fund Balances
414,480 415,091
3,342,140 4,831,194
4,253,624 53,594,501
19,400,502 126,454,442
17,029,147 40,223,820
35,998 2,422,840
- 12,520,105
1,364,544 1,364,544
- 60,850,708
- 13,774,851
- 20,000
25,893,272 25,893,272
5,254,969 6,943,290
150,000 511,722
49,089,518 49,089,518
7,863,790 7,863,790
- 8,365,412
- 3,482,579
- 204,437,518
- 16,697,926
- 122,237,714
- 18,206,670
- 548,314
- 4,865,884
- 1,391,059
- 4,498,070
- 1,705,483
- 695,710
- 16,180,956
- 200,000
- 310,062
- 118,127
106,681,238 625,419,944
126,081,740$ 751,874,386$
See Notes to Financial Statements 21
CITY OF RANCHO CUCAMONGA
GOVERNMENTAL FUNDS
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET ASSETS
JUNE 30, 2008
Fund balances of governmental funds 625,419,944$
Amounts reported for governmental activities in the Statement of Net Assets are
different because:
Capital assets net of depreciation have not been included as financial resources
in governmental fund activity.643,486,307
Bond issuance cost is an expenditure in the governmental funds, but it is
a deferred charge in the Statement of Net Assets.6,226,354
Long-term liabilities and accrued employee benefits that have not been included in
the governmental fund activity:
Long-term liabilities (453,915,061)
Accrued employee benefits (7,014,865)
Accrued interest payable for the current portion of interest due on long-term liabilities
has not been reported in the governmental funds.(7,288,629)
Revenues reported as deferred revenue in the governmental funds and recognized
in the Statement of Activities. These are included in the intergovernmental revenues
in the governmental fund activity.46,812,703
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management and self-insurance, to individual funds.
The assets and liabilities of the internal service funds must be added to the
Statement of Net Assets.20,366,702
Net assets of governmental activities 874,093,455$
See Notes to Financial Statements 22
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23
CITY OF RANCHO CUCAMONGA
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Capital
Projects Funds
Debt Service
Funds
General
Revenues:
Taxes 53,716,741$ 18,990,854$ 75,963,416$
Licenses and permits 3,629,344 - -
Intergovernmental 1,163,622 - -
Charges for services 3,762,339 - -
Use of money and property 3,798,139 13,430,911 2,357,118
Fines and forfeitures 1,146,663 - -
Contributions 17,905,906 - -
Developer participation - - -
Miscellaneous 3,685,040 89,572 2,020
Total Revenues 88,807,794 32,511,337 78,322,554
Expenditures:
Current:
General government 17,099,356 3,753,137 18,791,102
Public safety - police 27,033,921 - -
Public safety - fire protection - - -
Public safety - animal control 2,731,829 - -
Community development 6,667,055 42,515,042 588,361
C
Redevelopment
Agency
Redevelopment
Agency
Community services 4,562,616 - -
Engineering and public works 9,644,751 - -
Capital outlay 21,933,186 14,775,197 2,013,323
Debt service:
Principal retirement - 24,829,589 12,376,315
Interest and fiscal charges - 8,192,845 13,411,184
Total Expenditures 89,672,714 94,065,810 47,180,285
Excess (Deficiency) of Revenues
Over (Under) Expenditures (864,920) (61,554,473) 31,142,269
Other Financing Sources (Uses):
Transfers in 1,977,415 4,385,860 432,530
Transfers out (1,079,147) (3,399,580) (9,311,630)
Long-term debt issued - 155,620,000 199,465
Bond premium - 919,360 -
Debt issuance costs - (2,809,033) -
Proceeds from sale of capital asset 1,685 - -
Total Other Financing Sources
(Uses)899,953 154,716,607 (8,679,635)
Net Change in Fund Balances 35,033$ 93,162,134$ 22,462,634$
Fund Balances:
Beginning of year, as originally reported 95,017,551$ 203,778,472$ 104,397,230$
Restatements (41,813) (72,535) -
Beginning of year, as restated 94,975,738 203,705,937 104,397,230
Net Change in Fund Balances 35,033 93,162,134 22,462,634
End of Year 95,010,771$ 296,868,071$ 126,859,864$
See Notes to Financial Statements 24
CITY OF RANCHO CUCAMONGA
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Public safety - animal control
Community development
C
Other Total
Governmental Governmental
Funds Funds
36,520,943$ 185,191,954$
429,164 4,058,508
14,122,307 15,285,929
5,073,695 8,836,034
6,923,756 26,509,924
14,255 1,160,918
468,547 18,374,453
4,149,416 4,149,416
1,174,236 4,950,868
68,876,319 268,518,004
2,423,599 42,067,194
430,006 27,463,927
22,030,865 22,030,865
- 2,731,829
10,777,389 60,547,847
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Long-term debt issued
Bond premium
Debt issuance costs
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances:
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
8,505,990 13,068,606
8,187,926 17,832,677
33,117,705 71,839,411
16,718 37,222,622
3,137 21,607,166
85,493,335 316,412,144
(16,617,016) (47,894,140)
6,980,870 13,776,675
(69,333) (13,859,690)
- 155,819,465
- 919,360
- (2,809,033)
- 1,685
6,911,537 153,848,462
(9,705,479)$ 105,954,322$
116,468,522$ 519,661,775$
(81,805) (196,153)
116,386,717 519,465,622
(9,705,479) 105,954,322
106,681,238$ 625,419,944$
See Notes to Financial Statements 25
CITY OF RANCHO CUCAMONGA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
JUNE 30, 2008
Net change in fund balances - total governmental funds 105,954,322$
Amounts reported for governmental activities in the Statement of Activities are
different because:
Governmental funds report capital outlays as expenditures. However, in the Statement
of Activities, the costs of those assets is allocated over their estimated useful lives
as depreciation expense. This is the amount by which capital outlays exceeded
depreciation in the current period.49,692,988
The issuance of long-term liabilities (e.g. bonds, leases and loans) provides current
financial resources to governmental funds, while the repayment of the principal of
long-term liabilities consumes the current financial resources of governmental funds.(119,932,810)
Debt issuance costs are expenditures in governmental funds, but these costs
are capitalized on the Statement of Net Assets.2,809,033
Accrued interest for long-term liabilities do not require the use of current financial resources
and therefore are not reported as expenditures in the governmental funds. This is the net
change in accrued interest for the current period.(2,228,972)
Compensated absences expenses reported in the Statement of Activities do not
require the use of current financial resources and, therefore, are not reported as
expenditures in governmental funds.(609,704)
Certain revenues were measurable but not available and, therefore, could not be reported
as revenues on the modified accrual basis, but are considered revenues for the
Statement of Activities.(908,353)
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management and self-insurance, to individual funds.
The net revenues (expenses) of the internal service funds is reported with
governmental activities.(561,200)
Change in net assets of governmental activities 34,215,304$
See Notes to Financial Statements 26
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON STATEMENT (BUDGETARY BASIS)
GENERAL FUND
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated 94,975,738$ 94,975,738$ 94,975,738$ -$
Resources (Inflows):
Taxes 56,307,480 54,034,310 53,716,741 (317,569)
Licenses and permits 4,321,380 3,935,010 3,629,344 (305,666)
Intergovernmental 3,312,980 1,424,470 1,163,622 (260,848)
Charges for services 4,282,580 3,555,870 3,762,339 206,469
Use of money and property 2,045,990 2,912,360 3,798,139 885,779
Fines and forfeitures 869,960 1,020,250 1,146,663 126,413
Contributions - - 17,905,906 17,905,906
Miscellaneous 65,620 3,755,100 3,685,040 (70,060)
Transfers in 200,000 1,967,050 1,977,415 10,365
Proceeds from sale of capital asset 20,000 2,850 1,685 (1,165)
Amounts Available for Appropriation 166,401,728 167,583,008 185,762,632 18,179,624
Charges to Appropriation (Outflow):
General government
General overhead 3,027,620 3,324,662 2,778,324 546,338
Personnel overhead 500,500 956,500 136,210 820,290
City council 140,630 140,300 129,540 10,760
City manager 1,186,050 1,133,760 1,094,752 39,008
City clerk 616,250 627,640 564,987 62,653
Facilities maintenance 4,319,760 4,511,330 4,381,748 129,582
Administrative services 312,320 313,030 302,380 10,650
Business licenses 317,500 309,940 305,264 4,676
City facilities 1,760,570 2,391,880 2,316,153 75,727
Finance 936,600 953,460 945,387 8,073
Geographic information systems 432,200 435,340 426,426 8,914
Management information services 2,980,990 2,971,200 2,834,125 137,075
Personnel 567,890 575,990 559,893 16,097
Purchasing 520,500 559,200 528,060 31,140
Risk management 229,640 219,720 208,414 11,306
Treasury management 7,240 7,180 6,494 686
Information technology development 267,110 321,010 289,599 31,411
Public safety - police
Sheriff contract services 27,219,480 27,384,070 27,033,921 350,149
Public safety - animal center
Animal care and services 2,384,360 2,783,140 2,773,722 9,418
Community development
Planning 2,548,860 2,612,730 2,448,702 164,028
Planning commission 18,510 18,510 16,560 1,950
Code enforcement 801,130 838,200 756,954 81,246
Administration 697,350 1,909,853 1,498,986 410,867
Building and safety 3,738,320 3,223,470 3,138,556 84,914
Community Services
Administration 4,868,940 4,751,630 4,570,660 180,970
Park and recreation commission 4,400 4,480 1,356 3,124
Engineering and Public Works
Engineering administration 731,010 706,810 603,022 103,788
Development management 1,873,940 1,814,880 1,776,690 38,190
Engineering - NPDES 597,150 555,090 454,146 100,944
Project management 681,760 676,890 675,365 1,525
Traffic management 273,290 273,250 268,390 4,860
Street and park maintenance 4,983,170 5,041,420 4,685,054 356,366
Vehicle and equipment maintenance 1,354,470 1,418,320 1,308,268 110,052
Capital outlay 14,511,000 7,092,895 23,527,410 (16,434,515)
Transfers out 3,048,720 1,461,650 1,079,147 382,503
Total Charges to Appropriations 88,459,230 82,319,430 94,424,665 (12,105,235)
Budgetary Fund Balance, June 30 (Budgetary Basis) 77,942,498$ 85,263,578$ 91,337,967 6,074,389$
Encumbrances 3,672,804
Budgetary Fund Balance, June 30 (GAAP Basis)95,010,771$
See Notes to Financial Statements 27
CITY OF RANCHO CUCAMONGA
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
JUNE 30, 2008
Governmental
Activities-
Internal
Totals Service Funds
Assets:
Current:
Cash and investments 51,175$ 4,010,056$ 4,061,231$ 17,504,172 $
Receivables:
Accounts 46,443 1,573,767 1,620,210 -
Accrued interest - 5,121 5,121 23,333
Prepaid costs - 569 569 2,734
Total Current Assets 97,618 5,589,513 5,687,131 17,530,239
Noncurrent:
Capital assets - net of accumulated depreciation 17,089,687 13,498,388 30,588,075 3,749,823
Total Noncurrent Assets 17,089,687 13,498,388 30,588,075 3,749,823
Total Assets 17,187,305$ 19,087,901$ 36,275,206$ 21,280,062$
Liabilities and Net Assets:
Liabilities:
Business-Type Activities - Enterprise Funds
Sports
Complex
Municipal
Utility
Current:
Accounts payable 35,184$ 1,660,798$ 1,695,982$ 958,297$
Accrued liabilities 15,891 3,149 19,040 -
Deposits payable - 1,628 1,628 -
Total Current Liabilities 51,075 1,665,575 1,716,650 958,297
Total Liabilities 51,075 1,665,575 1,716,650 958,297
Net Assets:
Invested in capital assets 17,089,687 13,498,388 30,588,075 3,749,823
Restricted for public benefit - Municipal Utility - 3,923,938 3,923,938 -
Unrestricted 46,543 - 46,543 16,571,942
Total Net Assets 17,136,230 17,422,326 34,558,556 20,321,765
Total Liabilities and Net Assets 17,187,305$ 19,087,901$ 36,275,206$ 21,280,062$
Reconciliation of Net Assets to the Statement of Net Assets
Net Assets per Statement of Net Assets - Proprietary Funds 34,558,556$
Prior years' accumulated adjustment to reflect the consolidation of
internal service funds activities related to the enterprise funds (36,210)
Current years' adjustments to reflect the consolidation of internal
service activities related to enterprise funds (8,727)
Net Assets per Statement of Net Assets 34,513,619$
See Notes to Financial Statements 28
CITY OF RANCHO CUCAMONGA
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
JUNE 30, 2008
Governmental
Activities-
Internal
Totals Service Funds
Operating Revenues:
Sales and service charges 421,728$ 8,733,811$ 9,155,539$ 344,270$
Rents 200,424 - 200,424 -
Miscellaneous 17,844 - 17,844 -
Total Operating Revenues 639,996 8,733,811 9,373,807 344,270
Operating Expenses:
Salaries and benefits 691,910 202,253 894,163 -
Maintenance and operations 560,166 5,903,425 6,463,591 1,001,272
Contractual services 171,089 880,860 1,051,949 -
Depreciation expense 629,016 272,793 901,809 920,973
Total Operating Expenses 2,052,181 7,259,331 9,311,512 1,922,245
Operating Income (Loss)(1,412,185) 1,474,480 62,295 (1,577,975)
Nonoperating Revenues (Expenses):
Admission tax 1,550 - 1,550 -
Interest revenue 2,891 254,278 257,169 991,950
Gain (loss) on disposal of fixed assets - - - 16,098
Total Nonoperating
Revenues (Expenses)4,441 254,278 258,719 1,008,048
Income (Loss) Before Transfers (1,407,744) 1,728,758 321,014 (569,927)
Transfers in 383,015 - 383,015 -
Transfers out - (300,000) (300,000) -
Changes in Net Assets (1,024,729)$ 1,428,758$ 404,029$ (569,927)$
Net Assets:
Beginning of year, as originally reported 18,160,959$ 14,834,836$ 32,995,795$ 20,891,692$
Restatements - 1,158,732 1,158,732 -
Beginning of year, as restated 18,160,959 15,993,568 34,154,527 20,891,692
Changes in Net Assets (1,024,729) 1,428,758 404,029 (569,927)
End of Fiscal Year 17,136,230$ 17,422,326$ 34,558,556$ 20,321,765$
Reconciliation of Changes in Net Assets to the Statement of Activities:
Changes in Net Assets, per the Statement of Revenues,
Expenses and Changes in Fund Net Assets - Proprietary Funds 404,029$
Adjustment to reflect the consolidation of current fiscal year
internal service funds activities related to enterprise funds (8,727)
Changes in Net Assets of Business-Type Activities per Statement of Activities 395,302$
Business-Type Activities - Enterprise Funds
Sports
Complex
Municipal
Utility
See Notes to Financial Statements 29
CITY OF RANCHO CUCAMONGA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2008
Governmental
Activities-
Internal
Totals Service Funds
Cash Flows from Operating Activities:
Cash received from customers and users 733,987$ 8,608,318$ 9,342,305$ 344,270$
Cash paid to supplies for goods and services (777,007) (6,176,461) (6,953,468) (385,889)
Cash paid to employees for services (690,685) (201,809) (892,494) -
Net Cash Provided (Used) by Operating Activities (733,705) 2,230,048 1,496,343 (41,619)
Cash Flows from Non-Capital
Financing Activities:
Cash transfers out - (300,000) (300,000) -
Cash transfers in 383,015 - 383,015 -
Admission tax received 2,261 - 2,261 -
Net Cash Provided (Used) by
Non-Capital Financing Activities 385,276 (300,000) 85,276 -
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets (7,126) (3,850,133) (3,857,259) (2,588,803)
Proceeds from sales of capital assets 16 098
Business-Type Activities - Enterprise Funds
Sports
Complex
Municipal
Utility
Proceeds from sales of capital assets - - - 16,098
Net Cash Provided (Used) by
Capital and Related Financing Activities (7,126) (3,850,133) (3,857,259) (2,572,705)
Cash Flows from Investing Activities:
Interest received 2,891 250,153 253,044 1,016,704
Net Cash Provided (Used) by
Investing Activities 2,891 250,153 253,044 1,016,704
Net Increase (Decrease) in Cash
and Cash Equivalents (352,664) (1,669,932) (2,022,596) (1,597,620)
Cash and Cash Equivalents at Beginning of Year 403,839 5,679,988 6,083,827 19,101,792
Cash and Cash Equivalents at End of Year 51,175$ 4,010,056$ 4,061,231$ 17,504,172$
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)(1,412,185)$ 1,474,480$ 62,295$ (1,577,975)$
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation 629,016 272,793 901,809 920,973
(Increase) decrease in accounts receivable 93,991 (125,493) (31,502) -
(Increase) decrease in prepaid costs - (569) (569) (2,734)
Increase (decrease) in accounts payable (45,752) 608,393 562,641 618,117
Increase (decrease) in accrued liabilities 1,225 444 1,669 -
Total Adjustments 678,480 755,568 1,434,048 1,536,356
Net Cash Provided (Used) by
Operating Activities (733,705)$ 2,230,048$ 1,496,343$ (41,619)$
Non-Cash Investing, Capital, and Financing Activities:
During fiscal year 2007-2008, there was no noncash investing, capital of financing activities.
See Notes to Financial Statements 30
CITY OF RANCHO CUCAMONGA
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
JUNE 30, 2008
Agency
Funds
Assets:
Cash and investments 33,325,903$
Receivables:
Accounts 371,609
Taxes 210,009
Interest 15,466
Restricted assets:
Cash and investments with fiscal agents 13,018,098
Total Assets 46,941,085$
Liabilities:
Accounts payable 176,192$
Accrued liabilities 8,588
Deposits payable 19,179,772
Due to other funds 122,933
Payable to trustee 27,453,600
Total Liabilities 46,941,085$
See Notes to Financial StatementsSee Notes to Financial Statements 31
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32
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2008
I. SIGNIFICANT ACCOUNTING POLICIES
Note 1: Organization and Summary of Significant Accounting Policies
a. Description of Entity
The City of Rancho Cucamonga was incorporated on November 30, 1977, under the
laws of the State of California and enjoys all the rights and privileges applicable to a
General Law City. It is governed by an elected five-member board. As required by
accounting principles generally accepted in the United States of America, these financial
statements present the City of Rancho Cucamonga (the City) and its component units,
entities for which the City is considered financially accountable.
The inclusion of an organization within the scope of the reporting entity of the City of
Rancho Cucamonga is based on the provisions of GASB Statement No. 14. The blended
component units discussed below, although legally separate entities, are in substance
part of the government operation and so data from these component units has been
combined herein. The following criteria were used in the determination of the blended
component units:
1. The members of the City Council also act as the governing body of the Rancho
Cucamonga Redevelopment Agency (the Agency), the Rancho Cucamonga Public
Improvement Corporation (the Improvement Corporation), the Rancho Cucamonga
Fire Protection District (the District), the Rancho Cucamonga Library (the Library) and
the Rancho Cucamonga Public Financing Authority (the Financing Authority).
2. The Agency, the Improvement Corporation, the Fire Protection District, the Library
and the Public Financing Authority are managed by employees of the City. A portion
of the City‟s personnel costs is allocated to these component units each year as
appropriate.
3. The City, the Agency, the Improvement Corporation, the District, the Library and the
Financing Authority are financially interdependent. They provide financial
benefit/burden to the City.
Blended Component Units
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. Separate
financial statements may be obtained from the Agency.
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. Separate financial statements are not available for the Corporation.
33
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
The Rancho Cucamonga Fire Protection District (formerly, Foothill Fire Protection
District) was a special district formed by the County of San Bernardino for the purpose of
fire suppression within its boundaries. Effective July 1, 1989, operations of this district
were taken over by the City of Rancho Cucamonga. The district still operates as a
separate special district; however, now it is under the control of the City of Rancho
Cucamonga instead of the County of San Bernardino. Separate financial statements are
available for the District.
The Rancho Cucamonga Library was part of the San Bernardino County Library System
in which the City of Rancho Cucamonga participated. Effective July 1, 1994, and
pursuant to California Code Section 19104, the City withdrew from the County Library
System. As of this date, the library operates as a separate entity under the control of the
City. Separate financial statements are not available for the Library.
The Rancho Cucamonga Public Financing Authority was established on April 21, 1999,
pursuant to Article I (commencing with Section 6500) of Chapter 5 of Division 7 of Title I
of the California Government Code. Its purpose is to facilitate the financing and the
refinancing of construction, expansion, upgrading and improvement of the public capital
facilities necessary to support the rehabilitation and construction of residential and
economic development within the City. Separate financial statements are not available for
the Public Financing Authority.
b. Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net assets and the
statement of activities) report information on all of the nonfiduciary activities of the
primary government and its component units. For the most part, the effect of interfund
activity has been removed from these statements. Governmental activities, which
normally are supported by taxes and intergovernmental revenues, are reported
separately from business-type activities, which rely to a significant extent on fees and
charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a
given function or segment is offset by program revenues. Direct expenses are those that
are clearly identifiable with a specific function or segment. Program revenues include:
1) charges to customers or applicants who purchase, use or directly benefit from goods,
services or privileges provided by a given function or segment, and 2) grants and
contributions that are restricted to meeting the operational or capital requirements of a
particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds and
fiduciary funds, even though the latter are excluded from the government-wide financial
statements. Major individual governmental funds and major individual enterprise funds
are reported as separate columns in the fund financial statements.
c. Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund and
fiduciary fund financial statements. Revenues are recorded when earned and expenses
are recorded when a liability is incurred, regardless of the timing of related cash flows.
Property taxes are recognized as revenues in the year for which they are levied. Grants
and similar items are recognized as revenue as soon as all eligibility requirements
imposed by the provider have been met.
34
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Governmental fund financial statements are reported using the current financial
resources measurement focus and the modified accrual basis of accounting. Revenues
are recognized as soon as they are both measurable and available. Revenues are
considered to be available when they are collectible within the current period or soon
enough thereafter to pay liabilities of the current period. For this purpose, the government
considers revenues to be available if they are collected within 60 days of the end of the
current fiscal period, with the exception of gas tax revenues which is 90 days due to the
delay in payment from the State as a result of its cash shortfall at the end of the year.
Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. However, debt service expenditures, as well as expenditures related to
compensated absences and claims and judgments, are recorded only when payment is
due.
The City‟s fiduciary fund financial statements only report agency funds. Agency funds
are used to account for situations where the government‟s role is purely custodial. All
assets reported in an agency fund are offset by a liability to the party on whose behalf
they are held. Agency funds have no measurement focus.
Property taxes, franchise taxes, licenses and interest associated with the current fiscal
period are all considered to be susceptible to accrual and so have been recognized as
revenues of the current fiscal period. Only the portion of special assessments receivable
due within the current fiscal period is considered to be susceptible to accrual as revenue
of the current period. All other revenue items are considered to be measurable and
available only when the government receives cash.
The City reports the following major governmental funds:
The General Fund is the general operating fund of the City. All general tax receipts
and fee revenue not allocated by law, Council policy or contractual agreement to
other funds are accounted for in the General Fund. General Fund expenditures
include operations traditionally associated with activities, which are not required to be
accounted for or paid by another fund.
The Rancho Cucamonga Redevelopment Agency Capital Project Fund accounts for
the acquisition and construction of major facilities within the Rancho Cucamonga
Redevelopment Project Area.
The Rancho Cucamonga Redevelopment Agency Debt Service Fund accounts for
the accumulation of resources for the payment of interest and principal on long-term
debt of the Agency.
The City reports the following major proprietary funds:
The Sports Complex Fund accounts for personnel and operating costs directly
associated with the operation of the baseball facility, which is the home of the
Rancho Cucamonga Quakes.
The Municipal Utility Fund accounts for the costs of labor and materials used in the
operation, maintenance, construction and consumption of electric services to certain
major commercial / industrial developments within the City.
35
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Additionally, the City reports the following fund types:
Internal service funds account for the financial transactions related to repair,
replacement and maintenance of City-owned vehicles and equipment and the City's
general information systems and telecommunications hardware and software.
Fiduciary funds account for assets held by the City in a purely custodial capacity.
The fiduciary fund type the City maintains is an agency fund. The City‟s agency
funds are used to account for deposits held by the City in its fiduciary capacity and to
account for assessments received for various purposes which are restricted for
payment of principal, interest and penalties on special obligation bonds.
Private-sector standards of accounting and financial reporting issued prior to
December 1989, generally are followed in both the government-wide and proprietary fund
financial statements to the extent that those standards do not conflict with or contradict
guidance of the Governmental Accounting Standards Board. Governments also have the
option of following subsequent private-sector guidance for their business-type activities
and enterprise funds, subject to this same limitation. The government has elected not to
follow subsequent private-sector guidance.
As a general rule, the effect of interfund activity has been eliminated from the
government-wide financial statements. Exceptions to this general rule are charges
between the government's proprietary funds functions and various other functions of the
government. Elimination of these charges would distort the direct costs and program
revenues reported for the various functions concerned.
Amounts reported as program revenues include: 1) charges to customers or applicants
for goods, services or privileges provided, 2) operating grants and contributions, and
3) capital grants and contributions, including special assessments. Internally dedicated
resources are reported as general revenues rather than as program revenues. Likewise,
general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from non-operating
items. Operating revenues and expenses generally result from providing services and
producing and delivering goods in connection with a proprietary fund's principal ongoing
operations. The principal operating revenues of the Enterprise Funds and of the Internal
Service Funds are charges to customers for sales and services. Operating expenses for
Enterprises Funds and Internal Service Funds include the cost of sales and services,
administrative expenses and depreciation on capital assets. All revenues and expenses
not meeting this definition are reported as non-operating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the
government's policy to use restricted resources first, and then unrestricted resources as
they are needed.
d. Assets, Liabilities and Net Assets or Equity
Cash and Investments
All cash and investments, except those that are held by fiscal agents, are held in a
City pool. These pooled funds are available upon demand and therefore are
considered cash and cash equivalents for purposes of the statement of cash flows.
Investments held by fiscal agents with an original maturity of three months or less are
36
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
also considered cash equivalents and are shown as restricted assets for financial
statement presentation purposes.
Investments for the City, as well as for its component units, are reported at fair value.
The City's policy is generally to hold investments until maturity.
Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements
outstanding at the end of the fiscal year are referred to as either "due to/from other
funds" (i.e., the current portion of interfund loans) or "advances to/from other funds"
(i.e., the non-current portion of interfund loans). All other outstanding balances
between funds are reported as "due to/from other funds." Any residual balances
outstanding between the governmental activities and business-type activities are
reported in the government-wide financial statements as "internal balances."
Advances between funds, as reported in the fund financial statements, are offset by a
fund balance reserve account in applicable governmental funds to indicate that they
are not available for appropriation and are not expendable available financial
resources.
All trade and property tax receivables are shown net of allowance for uncollectibles.
Prepaid Costs
Certain payments to vendors reflect costs applicable to future accounting periods and
are recorded as prepaid items in both government-wide and fund financial
statements. The fund balances in the governmental fund types have been reserved
for amounts equal to the prepaid items in the fund-level statements, since these
amounts are not available for appropriation.
Land Held for Resale
Land purchased for resale is capitalized as inventory at acquisition costs as the City
expects to sell this land with no decline in value. The fund balances in the
governmental fund types have been reserved for amounts equal to the Land Held for
Resale in the fund-level statements, since these amounts are not available for
appropriation.
Restricted Assets
Certain proceeds of debt issues, as well as certain resources set aside for their
repayment, are classified as restricted assets on the balance sheet because their use
is limited by applicable bond covenants.
Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets
(e.g., roads, bridges, sidewalks and similar items), are reported in the applicable
governmental or business-type activities columns in the government-wide financial
statements. The City defines capital assets as assets with an initial, individual cost of
more than $5,000 (amount not rounded) and an estimated useful life in excess of one
year. Such assets are recorded at historical cost when purchased or constructed.
Donated capital assets are recorded at estimated fair market value at the date of
37
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
donation. In accordance with GASB Statement No. 34, the City has reported its
general infrastructure assets.
The costs of normal maintenance and repairs that do not add to the value of the
assets or materially extend assets lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are
constructed. Interest incurred during the construction phase of capital assets of
business-type activities is included as part of the capitalized value of the assets
constructed.
Property, plant, equipment, and infrastructure of the primary government, as well as
its component units, are depreciated using the straight-line method over the following
estimated useful lives:
Assets Years
Building improvements 10-50
Improvements other than buildings 10-40
Computer equipment 3-8
Equipment and vehicles 3-20
Furniture and fixtures 3-20
Infrastructure 10-75
Accrued Employee Benefits
The City's policy permits employees to accumulate earned but unused vacation and
sick pay benefits. The total amount of liability for unused vacation and sick pay
benefits is accrued when incurred in the government-wide financial statements. The
City utilizes the General Fund and the Special Revenue - Fire District Fund in the
governmental fund financial statements to account for the short-term portion of its
liability. The short-term portion is the unused reimbursable leave still outstanding
following an employee‟s resignation or retirement.
Vacation pay is payable to employees at the time a vacation is taken or upon
termination of employment. Fire District employees cannot accrue more than one and
one-half times their regular annual entitlement.
Sick leave is payable when an employee is unable to work because of illness. For
City employees, those who terminate their employment after five years of continuous
service and have at least 50% of five years sick leave accrued on the books upon
termination may be paid for 120 hours of the accrued leave.
For Fire District employees, sick leave may be accumulated indefinitely or an
employee with ten or more years of service is eligible to convert unused sick leave to
vacation in accordance with the following and with any remainder of hours to still
remain unused sick time:
Accumulated Sick
Employee Leave Balance Vacation
Type Prior Calendar Year Conversion Rate
shift 108 - 144 hours one-half
shift 72 - 108 hours one-fourth
40-hour 90 - 120 hours one-half
40-hour 60 - 90 hours one-fourth
38
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Upon service retirement of a public safety employee, the option exists to sell back up
to one-half of total accumulated sick time or have the time credited toward service in
accordance with the Public Retirement Law. All unused sick leave is forfeited upon
termination, other than for normal retirement.
Long-Term Obligations
In the government-wide financial statements and proprietary fund types in the fund
financial statements, long-term debt and other long-term obligations are reported as
liabilities in the applicable governmental activities, business-type activities or
proprietary fund type statement of net assets. Bond premiums and discounts, as well
as issuance costs, are deferred and amortized over the life of the bonds using the
effective interest method. Bonds payable are reported net of the applicable bond
premium or discount. Bond issuance cost are reported as deferred charges and
amortized over the term of the related debt.
In the fund financial statements, governmental fund types recognize bond premiums
and discounts, as well as bond issuance costs, during the current period. The face
amount of debt issued is reported as other financing sources. Premiums received on
debt issuances are reported as other financing sources while discounts on debt
issuances are reported as other financing uses. Issuance costs, whether or not
withheld from the actual debt proceeds received, are reported as debt service
expenditures.
Fund Equity
In the fund financial statements, governmental funds report reservations of fund
balance for amounts that are not available for appropriation or are legally restricted
by outside parties for use for a specific purpose. Designations of fund balance
represent the City Council‟s plans for the future usage of City resources.
Property Tax
Property tax revenue is recognized on the modified accrual basis, 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 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 January proceeding the fiscal year for which the taxes are levied.
Taxes are levied on both real and personal property as it exists on that date. The tax
levy covers the fiscal period July 1 to June 30. All secured personal property taxes
and one-half of the taxes on real property are due November 1; the second
installment is due February 1. All taxes are delinquent, if unpaid, on December 10
and April 10, respectively. Unsecured personal property taxes become due on the
first of March each year and are delinquent, if unpaid, on August 31.
39
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Functional Classifications
Expenditures of the governmental funds are classified by function. Functional
classifications are defined as follows:
General Government includes legislative activities, City Clerk, City Attorney, City
Manager as well as management or supportive services across more than one
functional area.
Public Safety – Police includes those activities which involve police protection.
Public Safety - Fire Protection includes activities of the fire protection district
which involved in the protection of people and property from fire as well as
emergency preparedness.
Public Safety – Animal Center includes those activities which involve animal care
and services.
Community Development includes those activities which involve planning and
redevelopment, as well as building and safety.
Community Services includes activities which provide recreation, cultural and
educational services.
Engineering and Public Works includes all maintenance, engineering and capital
improvements which relate to streets, parks, flood control and other public
facilities.
e. Reconciliation of Government-Wide and Fund Financial Statements
Explanation of certain differences between the governmental fund balance sheet and
the government-wide statement of net assets:
The governmental fund balance sheet includes reconciliation between fund
balance - governmental funds and net assets of governmental activities as
reported in the government-wide statement of net assets. One element of that
reconciliation explains that “Long-term debt and accrued employee benefits have
not been included in the governmental fund activity.” The detail of the
$(453,915,061) long-term debt difference is as follows:
Long-term debt:
Tax allocation bonds payable (424,060,000)$
Unamortized bond premium (5,043,574)
Loans payable (21,705,050)
Leases payable (65,216)
Claims and judgments payable (3,041,221)
Net adjustment to reduce fund balance of total
governmental funds to arrive at net assets of
governmental activities (453,915,061)$
40
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Explanation of certain differences between the governmental fund statement of
revenues, expenditures and changes in fund balances and the government-wide
statement of activities:
The governmental fund statement of revenues, expenditures and changes in
fund balances includes reconciliation between net change in fund balances of
total governmental funds and change in net assets of governmental activities as
reported in the government-wide statement of activities. One element of that
reconciliation explains that "governmental funds report capital outlays as
expenditures. However, in the statement of activities, the cost of those assets is
allocated over their estimated useful lives as depreciation expense."
The details of this $49,692,988 difference are as follows:
Capital outlay 63,749,905$
Depreciation expense (13,068,576)
Loss from disposition of fixed assets (988,341)
Net adjustment to increase net changes in fund
balances of total governmental funds to arrive at
changes in net assets of governmental activities 49,692,988$
Another element of that reconciliation states that “the issuance of long-term debt
(e.g. bonds, leases) provides current financial resources to governmental funds,
while the repayment of the principal of long-term debt consumes the current
financial resources of governmental funds.” The details of this $(119,932,810)
difference are as follows:
Issuance of long-term debt:
Tax allocation bonds (155,620,000)$
Loans payable (199,465)
Premium on tax allocation bonds (919,360)
Principal repayments:
Tax allocation bonds 36,245,000
Loans payable 960,904
Lease payable 16,718
Amortization of bond premium and cost of issuance (33,404)
Net changes in claims and judgments liability (383,203)
Net adjustment to increase net changes in fund balance
of total governmental funds to arrive at changes in net
assets of governmental activities.(119,932,810)$
41
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
II. STEWARDSHIP
Note 2: Stewardship, Compliance and Accountability
a. General Budget Policies
The annual budget adopted by the City Council provides for the general operation of the
City. It includes proposed expenditures and the means of financing them. The City
Council approves each year's budget submitted by the City Manager prior to the
beginning of the new fiscal year. The Council conducts public hearings prior to its
adoption, and when required during the period, and also approves supplemental
appropriations. There were several supplemental appropriations required during the year.
A detailed mid-year review was conducted at which time a revised budget was adopted .
There were no significant non-budgeted financial activities during the year.
The City Council may transfer funds between funds or activities set forth in the budget.
The City Manager may transfer funds between line items within an appropriation as set
forth in the budget and may transfer appropriations between activities within any fund.
The level of budgetary control (that is the level at which expenditures cannot legally
exceed the appropriated amount) is established at the department level within the
General Fund and at the function level for Special Revenue, Capital Project Funds and
Debt Service Funds.
Basis of Budgeting
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. A reconciliation has been provided on
the applicable schedule when the basis of budgeting differs from GAAP.
For the fiscal year 2007-2008, the following funds had no adopted annual budgets:
SB 140
Masi Commerce Center
Families for Literacy Grant
Major Urban Resource Library Grant
Local Law Enforcement Block Grant
California Law Enforcement Program
Adult Education Act Grant
Senior Outreach Grant
Teen Connection Program Grant
Teen Connection State Grant
Conservative Bond Act
Congestion Mitigation
Milliken Land Transaction
MWD City Makeover Program Grant
Code Enforcement Grant Program
Youth Enrichment Services Grant
Target Literacy Grant
Drink, Drive, Lose Grant
Henderson/Wardman Drainage
Federal Grant Fund – Dreier
OTS 2005 State Seat Belt Grant
Biane County Library Grant
42
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 2: Stewardship, Compliance and Accountability (Continued)
Public Resource Grants
Assessment District 82-1
Assessment District 84-2
Regional Choice Transit Capital Improvement
CFD 2000-01 South Etiwanda
CFD 2000-02 Rancho Cucamonga Corporate Park
Public Library Bond Act - 2000
Proposition 12 Park Bond Act
Proposition 40 Park Bond Act
CFD 2004-01 Rancho Etiwanda
CFD 2006-02 Amador on Route 66
The above listed funds had no adopted budget due to the timing of the usage of
these grant and capital project funds. Money will be budgeted as needed based on
specific projects to be completed with these funds.
b. Encumbrances
Encumbrances are estimations of costs related to unperformed contracts for goods and
services. 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 progress at year-end are completed. They do not constitute
expenditures or estimated liabilities. Encumbrances outstanding at June 30, 2008,
amounted to $40,223,820.
c. Deficit Fund Balances or Net Assets
The following funds have a deficit at June 30, 2008:
Special Revenue Funds:
Transportation Enhancement Act (973,290)$
Community Development Block Grant (26,942)
California Literacy Campaign (35,518)
COPS in Schools Grant (45,837)
AB 2928 Traffic Congrstion Relief (532)
Department of Homeland Security Grant (6,658)
OTS 2005 State Seat Belt Grant (4,684)
Baine County Library Grant (7,873)
Homeland Security Grant 2005 (15,151)
Bicycle Transportation Acct. Grant (25,324)
Capital Projects Funds:
Assessment District 84-2 (3,788)
Assessment District 86-2 (41,128)
CFD 2001-01 (2,108,657)
CFD 2003-01 Project Fund (1,145,684)
Public Library Bond Act - 2000 (1,316,257)
The City expects to eliminate these deficits with anticipated future revenues from grants,
deferred payments and reimbursements.
43
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 2: Stewardship, Compliance and Accountability (Continued)
d. Expenditures Exceeding Appropriations
There were no departments whose expenditures exceeded appropriations in the General
Fund.
III. DETAILED NOTES ON ALL FUNDS
Note 3: Cash and Investments
As of June 30, 2008, cash and investments were reported in the accompanying financial
statements as follows:
Governmental activities 612,182,991$
Business-type activities 4,061,231
Fiduciary funds 46,344,001
Total Cash and Investments 662,588,223$
The City follows the practice of pooling cash and investments of all funds, except for funds
required to be held by fiscal agents under provisions of bond indentures. Interest income
earned on pooled cash and investments is allocated quarterly to the various funds based on
average daily cash balances. Interest Income from cash and investments with fiscal agents
is credited directly to the related fund.
Deposits
At June 30, 2008, the carrying amount of the City‟s deposits was $21,139,841 and the
bank balance was $22,678,847. The $1,539,006 difference represents outstanding
checks and other reconciling items.
The California Government Code requires California banks and savings and loan
associations to secure a City‟s deposits by pledging government securities with a value of
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 Treasurer may waive the collateral requirement for deposits
which are fully insured up to $100,000 by the FDIC. The collateral for deposits in federal
and state chartered banks is held in safekeeping by an authorized Agent of Depository
recognized by the State of California Department of Banking. The collateral for deposits
with savings and loan associations is generally held in safekeeping by the Federal Home
Loan Bank in San Francisco, California as an Agent of Depository.
These securities are physically held in an undivided pool for all California public agency
depositors. Under Government Code Section 53655, the placement of securities by a
bank or savings and loan association with an “Agent of Depository” has the effect of
perfecting the security interest in the name of the local governmental agency.
Accordingly, all collateral held by California Agents of Depository are considered to be
held for, and in the name of, the local governmental agency.
44
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Investments
Under provision of the City‟s investment policy, and in accordance with the California
Government Code, the following investments are authorized:
U.S. Government Agency Securities
Certificates of Deposit (or Time Deposits)
Negotiable Certificates of Deposit
Banker‟s Acceptances
Commercial Paper
Local Agency Investment Fund (State Pool)
Deposit of Funds
Repurchase and Investment Agreements
Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond
trustee. Investments of debt proceeds held by a bond trustee are governed by provisions
of the debt agreements, rather than the general provisions of the California Government
Code or the City‟s investment policy.
Investments in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is
regulated by California Government Code Section 16429 under the oversight of the
Treasurer of the State of California. LAIF is overseen by the Local Agency Investment
Advisory Board, which consists of five members, in accordance with State statute. The
State Treasurer‟s Office audits the fund annually. The fair value of the position in the
investment pool is the same as the value of the pool shares.
GASB Statement No. 31
The City adopted GASB Statement No. 31, Accounting and Financial Reporting for
Certain Investments and for External Investment Pools, as of July 1, 1997. GASB
Statement No. 31 establishes fair value standards for investments in participating interest
earning investment contracts, external investment pools, equity securities, option
contracts, stock warrants and stock rights that have readily determinable fair values.
Accordingly, the City reports its investments at fair value in the balance sheet. All
investment income, including changes in the fair value of investments, is recognized as
revenue in the operating statement.
Credit Risk
The City's investment policy limits investments in medium-term notes (MTN‟s) in short-
term rating of at least „A‟ or „A1/P1‟ and a long-term rating of „A‟ is required. As of
June 30, 2008, the City invested in Federal Farm Credit Bank, Federal Home Loan Bank,
Federal Home Loan Mortgage Corp. and Federal National Mortgage Association which
were all rated “AAA” by Moody‟s and by S&P at June 30, 2008.
45
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
All securities were investment grade and were legal under state and City law. Investments
in U.S. government securities are not considered to have credit risk and, therefore, their
credit quality is not disclosed. As of June 30, 2008, the City's investments in external
investment pools and money market mutual funds are unrated.
Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a
depository financial institution, a government will not be able to recover deposits or will
not be able to recover collateral securities that are in the possession of an outside party.
The custodial credit risk for investments is the risk that, in the event of the failure of the
counterparty to a transaction, a government will not be able to recover the value of
investment or collateral securities that are in the possession of an outside party.
As of June 30, 2008, none of the City‟s deposits or investments were exposed to
custodial credit risk.
Concentration of Credit Risk
The City is in compliance with restrictions imposed by its investment policy, which limits
certain types of investments. As of June 30, 2008, in accordance with GASB Statement
No. 40, if the City has invested more than 5% of its total investments in any one issuer
then it is exposed to credit risk. The following investments are considered exposed to
credit risk.
Federal Farm Credit Bank 15%
Federal Home Loan Bank 19%
Federal Home Loan Mortgage Corporation 16%
Federal National Mortgage Association 12%
Investment Agreements 6%
Investments guaranteed by the U.S. government and investments in mutual funds and
external investment pools are excluded from this.
Interest Rate Risk
The City's investment policy limits investment maturities as a means of managing its
exposure to fair value losses arising from increasing interest rates. The City's investment
policy establishes a maximum maturity of 180 days for Banker‟s Acceptances, 270 days
for Commercial Papers, one year for Repurchase Agreements and five years for all other
individual investments. The only exception to these maturity limits shall be the investment
of the gross proceeds of tax-exempt bonds. The City has elected to use the segmented
time distribution method of disclosure for its interest rate risk.
46
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
As of June 30, 2008, the City had the following investments and original maturities:
Note 4: Notes and Loans Receivables
Notes and loans receivables consist of the following at June 30, 2008:
1. On October 16, 1991, the Rancho Cucamonga Redevelopment Agency and Forrest
L. and Lilionne M. Perry entered into a loan agreement, whereby the Agency loaned
Perry $408,000 for the purpose of upgrading and refurbishing a certain business. The
loan is secured by an unsubordinated Leasehold Deed of Trust. As of June 30, 2008,
the loan receivable amounted to $311,627.
2. In September 1993, the Rancho Cucamonga Redevelopment Agency loaned
$4,888,500 to the Southern California Housing Development Corporation (SCHDC)
to enable the Corporation to purchase an apartment complex in which 42% of the
units will be provided for low and moderate housing. The loan bears no interest.
Principal payments of $162,950 begin September 1, 1994, and continue yearly until
the maturity date of September 1, 2023, at which time all remaining amounts shall be
paid. On an annual basis, the Agency can allow a credit equal to the payment, that
would otherwise be due as long as all the terms of the note have been followed. This
credit has been allowed for the past few years. The Agency loaned an additional
$322,500 to SCHDC in March 1995, to assist with the down payment on property. If
the revenues are in excess of the operating expenses, the excess will repay the note.
It was not expected that the $322,500 would be repaid; therefore, an allowance
account was set up for $322,500. The net balance at June 30, 2008, was
$2,607,200.
3. In January 1997, the Agency entered into an agreement to loan Villa Pacifica
Associates, a California Limited Partnership, up to $3,080,000 to develop senior
rental housing for low and moderate income households. The term of the loan is
40 years, with simple interest accruing at 3% per annum on the outstanding principal
balance. Payments of principal and interest on the loan are due and payable only to
the extent that 50% of the net annual cash flow from the development is available. As
180 days 180 days to 270 days to 3 - 5 Fair
or less 270 days 3 years years Value
Investments
Local Agency Investment Fund 95,967,459$ -$ -$ -$ 95,967,459$
US Treasury 6,050,019 13,912,313 - - 19,962,332
Federal Governmental Agencies
Federal Farm Credit Bank - - 96,557,557 2,494,587 99,052,144
Federal Home Loan Bank - - 78,174,718 46,796,097 124,970,815
Federal Home Loan Mortgage Corp.- - 65,759,079 37,778,162 103,537,241
Federal National Mortgage Assoc.4,002,500 - 43,952,649 26,957,183 74,912,332
Certificates of Deposits 9,999,145 15,936,348 - - 25,935,493
Investment Agreements 41,026,542 - - - 41,026,542
CalTrust S/T Fund (JPA)10,123,284 - - - 10,123,284
Investments with Fiscal Agents:
Money Market Mutual Funds 45,960,740 - - - 45,960,740
213,129,689$ 29,848,661$ 284,444,003$ 114,026,029$ 641,448,382$
Investment Maturities (in Years)
47
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 4: Notes and Loans Receivables (Continued)
of June 30, 2008, the outstanding balance remaining of $4,152,382, including
accrued interest of $1,062,382. Accrued interest is offset by deferred revenue.
4. On September 1, 2005, the Agency entered into a loan agreement with Northtown
Housing Development Corporation for the purchase of undeveloped real property
and the development of an apartment complex which will increase the supply of
affordable housing to low and moderate income households for a period of ninety-
nine (99) years. This loan is a line of credit not-to-exceed $40,700,000 with simple
interest accruing at 1% per annum from the date of disbursement for a term of
75 years (2080). As of June 30, 2008, the advances paid against this line of credit
amounted to $7,080,515 and accrued interest amounts to $164,001 for a total of
$7,244,516. Accrued interest is offset by deferred revenue.
5. On July 21, 2003, the Rancho Cucamonga Redevelopment Agency entered into a
Disposition and Developer Agreement with Victoria Gardens, LLC. The Agency
conveyed 147 acres generally located north of Foothill Boulevard, west of the I-15
Freeway and east of Day Creek Road in the City of Rancho Cucamonga in order for
the Developer to construct an open air mixed use complex. The Agency conveyed
the site to the Developer upon the execution of a promissory note to pay a cumulative
sum of $13,000,000 to the Agency over a term of thirty (30) years. The note
stipulates the following payment structure: (1) the Developer shall make annual
payments to the Agency equal to the amount required to amortize the excess return
at the Agency‟s cost of funds; (2) the Developer shall pay the Agency fifteen percent
(15%) of the difference between the net sale proceeds and the higher of the project
cost, or the initial gross proceeds of any loan; and (3) the Developer shall pay the
Agency fifteen percent (15%) of any positive net refinance proceeds. As of
June 30, 2008, no payments have been required, with the outstanding balance
remaining at $13,000,000.
6. On April 19, 2006, the Agency entered into a loan agreement with LINC-Pepperwood
Housing Investors, LP to provide financial assistance from the Low and Moderate
Housing Set-aside Fund to purchase and rehabilitate the Pepperwood Apartment
Homes, which will increase the supply of affordable housing to low and moderate
income households, for not less than ninety-nine (99) years. The loan is in the form
of a line of credit not-to-exceed $21,638,113, which includes the rollover of the BLT
Partnership No. 1 loan of $2,350,000 and an amendment and increase during fiscal
year 2006-2007 of $1,288,113. The outstanding principal balance of the loan will
accrue simple interest at 2% per annum from the date of disbursement for a term of
56 years (2062). In addition, to the extent there are Residual Receipts, the
Developer shall pay to the Agency 50% of the Residual Receipts from the preceding
year. The advances paid against this line of credit as of June 30, 2008, amounted to
$21,638,113 and accrued interest amounts to $762,186, for a total balance of
$22,400,299. Accrued interest is offset by deferred revenue.
7. On September 1, 2005, the Agency entered into a loan agreement with HB Housing
Partners, L.P. to provide financial assistance from the Low and Moderate Housing
Set-aside Fund to purchase and rehabilitate the Woodhaven Manor Apartments,
which will increase the supply of affordable housing to low and moderate income
households for not less than ninety-nine (99) years. The loan is in the form of a line
of credit not-to-exceed $9,000,000. Simple interest accrues on the advances as
follows: 1) 3% per annum from the date of disbursement through and including the
date immediately prior to September 21, 2022; and 2) 2% per annum from
September 21, 2002 through September 21, 2060. In addition, to the extent there
are Residual Receipts, the Developer shall pay to the Agency either 33% or 50% of
48
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 4: Notes and Loans Receivables (Continued)
the Residual Receipts from the preceding year. As of
June 30, 2008, the advances paid against this line of credit amounted to $9,000,000
and accrued interest amounts to $605,214 for a total of $9,605,214. Accrued interest
is offset by deferred revenue.
8. On March 9, 2006, the Agency entered into a loan agreement with The Southern
California Housing Development Corporation for the acquisition, construction and
operation of affordable housing apartments which will increase the supply of very-
low, low and moderate income households. This loan is a line of credit not-to-exceed
$6,500,000 with simple interest accruing at 1.5% per annum until June 27, 2035, and
2% per annum thereafter and payable without demand or notice on June 27, 2060.
As of June 30, 2008, the advances paid against this line of credit amounted to
$3,557,467 and accrued interest amounts to $64,431 for a total of $3,621,898.
Accrued interest is offset by deferred revenue.
9. On December 1, 2001, the Agency entered into a residual receipts promissory note
loan agreement in the form of a line of credit not-to-exceed $4,000,000 with Malvern
Housing Partners, LP and Southern California Housing Development Corporation for
the acquisition, construction and operation of a 49-unit senior multifamily apartment
project, known as Heritage Pointe Senior Apartments. A portion of the necessary
funding will be provided from proceeds of a $4,000,000 bond issue by Southern
California Housing Development Corporation. Funding provided by the Agency is in
the form of semi-annual principal payments toward these bonds from the Agency‟s
low and moderate income housing fund. As payments are made by the Agency,
beginning April 1, 2003, these amounts shall be added to and become the principal
balance of this Residual Receipts Note, and will accrue simple interest at 1% per
annum from the date of payment through December 2056. Annual payments of
principal and accrued interest shall not commence until the operation of the project
has generated residual receipts. As of June 30, 2008, the advances paid against this
line of credit amounted to $565,787 and accrued interest amounts to $11,105, for a
total of $576,892. Accrued interest is offset by Deferred Revenue.
Total loans receivables at June 30, 2008, including accrued interest amounted to
$63,523,028.
49
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 5: Capital Assets
Capital asset activity for the year ended June 30, 2008, was as follows:
Beginning Beginning Ending
Balance Adjustments*Balance Increases Decreases Transfers Balance
Governmental Activities:
Capital assets, not being depreciated:
Land 75,904,008$ -$ 75,904,008$ -$ -$ -$ 75,904,008$
Right of way - - - 17,905,906 - 199,827,971 217,733,877
Construction-in-progress 509,266 8,941,541 9,450,807 12,275,658 228,212 (2,333,397) 19,164,856
Total Capital Assets,
Not Being Depreciated 76,413,274 8,941,541 85,354,815 30,181,564 228,212 197,494,574 312,802,741
Capital assets, being depreciated:
Building Improvements 134,497,295 - 134,497,295 340,679 - - 134,837,974
Improvement other than buildings 6,456,738 - 6,456,738 1,074,920 - - 7,531,658
Equipment and vehicles 32,417,272 - 32,417,272 3,982,549 547,829 136,445 35,988,437
Furniture and fixtures 1,986,415 - 1,986,415 475,187 26,307 - 2,435,295
Infrastructure 524,406,835 11,313 524,418,148 30,290,762 1,781,336 (197,631,019) 355,296,555
Total Capital Assets,
Being Depreciated 699,764,555 11,313 699,775,868 36,164,097 2,355,472 (197,494,574) 536,089,919
Less accumulated depreciation:
Building improvements 16,546,501 - 16,546,501 2,981,263 - - 19,527,764
Improvement other than buildings 5,773,165 - 5,773,165 175,816 - - 5,948,981
Equipment and vehicles 22,345,326 - 22,345,326 2,953,488 497,949 - 24,800,865
Furniture and fixtures 885,433 - 885,433 305,091 15,553 - 1,174,971
Infrastructure 141,670,771 2,034,173 143,704,944 7,573,891 1,074,886 - 150,203,949
Total Accumulated
Depreciation 187,221,196 2,034,173 189,255,369 13,989,549 1,588,388 - 201,656,530
Total Capital Assets,
Being Depreciated, Net 512,543,359 (2,022,860) 510,520,499 22,174,548 767,084 (197,494,574) 334,433,389
Governmental Activities
Capital Assets, Net 588,956,633$ 6,918,681$ 595,875,314$ 52,356,112$ 995,296$ -$ 647,236,130$
*Adjustments were made to record prior year construction in progress and infrastructure and
to correct depreciation not recorded in prior years.
Depreciation expense was charged to functions/programs of the primary government as
follows:
Government Activities:
General government 3,073,666$
Public safety - police 537,829
Public safety - fire protection 696,849
Engineering and public works 8,059,233
Community development 66,896
Community services 634,103
Vehicle replacement fund 693,278
Data processing equip./technology fund 227,695
Total Governmental Activities 13,989,549$
50
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 5: Capital Assets (Continued)
Adjusted
Beginning Beginning Ending
Balance Adjustments*Balance Increases Decreases Transfers Balance
Business-Type Activities:
Capital assets, not being depreciated:
Land 5,451,015$ -$ 5,451,015$ -$ -$ -$ 5,451,015$
Construction-in-progress - 407,566 407,566 3,684,747 - - 4,092,313
Total Capital Assets,
Not Being Depreciated 5,451,015 407,566 5,858,581 3,684,747 - - 9,543,328
Capital assets, being depreciated:
Building improvements 25,682,106 770,427 26,452,533 - - - 26,452,533
Improvement other than buildings 4,741,621 - 4,741,621 - - - 4,741,621
Equipment and vehicles 510,522 - 510,522 172,512 - - 683,034
Furniture and fixtures 6,003 - 6,003 - - - 6,003
Total Capital Assets,
Being Depreciated 30,940,252 770,427 31,710,679 172,512 - - 31,883,191
Less accumulated depreciation:
Building improvements 6,651,856 19,261 6,671,117 661,300 - - 7,332,417
Improvement other than buildings 2,806,600 - 2,806,600 208,755 - - 3,015,355
Equipment and vehicles 453,638 - 453,638 31,297 - - 484,935
Furniture and fixtures 5,280 - 5,280 457 - - 5,737
Total Accumulated
Depreciation 9,917,374 19,261 9,936,635 901,809 - - 10,838,444
Total Capital Assets,
Being Depreciated, Net 21,022,878 751,166 21,774,044 (729,297) - - 21,044,747
Business-Type Activities
Capital Assets, Net 26,473,893$ 1,158,732$ 27,632,625$ 2,955,450$ -$ -$ 30,588,075$
*Adjustments were made to record prior years construction in progress, capital asset
additions and the related accumulated depreciation.
Depreciation expense was charged to functions/programs of the primary government as
follows:
Business-Type Activities:
Sports Complex 629,016$
Municipal Utility 272,793
Total Business-Type Activites 901,809$
51
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 6: Interfund Receivable, Payable and Transfers
The composition of interfund balances as of June 30, 2008, was as follows:
Due To/From Other Funds
Redevelopment Redevelopment Nonmajor
Agency Agency Governmental Agency
Funds Capital Projects Debt Service Funds Funds Total
Due From Other Funds:
General 68,060$ 1,176,000$ 3,293,873$ 122,933$ 4,660,866$
Redevelopment Agency -
Capital Projects - - 48,267 - 48,267
Nonmajor Funds 244,994 - - - 244,994
Total 313,054$ 1,176,000$ 3,342,140$ 122,933$ 4,954,127$
Due to Other Funds
Due to/from other funds were made to cover negative cash balance at June 30, 2008, and to
reflect expenditures recorded in the Redevelopment Agency – Debt Service Fund related to
the General Fund.
Advances To/From Other Funds
Redevelopment Nonmajor
Agency Governmental
Funds Capital Projects Funds Total
Advances to Other Funds:
General 49,340,877$ 300,000$ 49,640,877$
Redevelopment Agency -
Capital Projects - 3,953,624 3,953,624
Total 49,340,877$ 4,253,624$ 53,594,501$
Advances from Other Funds
During the current and previous fiscal years, the City of Rancho Cucamonga has made loans to
the Rancho Cucamonga Redevelopment Agency. These loans which amount to $49,340,877
as of June 30, 2008, bear interest at rates up to 12% per annum depending upon when the loan
was initiated. The City may demand payment of all or a portion of the principal balance at any
time as funds become available; however, such demands are not anticipated with the next
fiscal year. As of June 30, 2008, accrued unpaid interest on these loans was $39,819,651.
The $300,000 advance from the General Fund to the Park Development Fund was done on
March 5, 1996, based upon Council approval. The advance was to provide funding of Phase I
for the Northeast Community Park and is to be repaid in the future (no specific date).
During the formation of Community Facilities District CFD 2000-01 (District), a number of
meetings were held with property owners within the proposed boundaries to discuss
participation in the District and benefits to their property. As a result of those meetings, the
approved boundary map was modified at the landowners‟ request to exclude certain properties
from the District boundaries. Property owners that were excluded from the District boundaries,
but will be receiving direct benefit from the improvements constructed by CFD 2001-01, were
advised that reimbursement would be required when their properties are developed. The
Redevelopment Agency advanced the pro-rata share for properties that will receive benefit from
the improvements, but are not participating in the District. At June 30, 2008, the advance was
$3,953,624.
52
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 6: Interfund Receivable, Payable and Transfers (Continued)
Interfund Transfers
Redevelopment Redevelopment
General Agency Agency Municipal Nonmajor
Fund Capital Projects Debt Service Utility Funds Total
Transfers In:
General -$ 1,667,050$ -$ 300,000$ 10,365$ 1,977,415$
Redevelopment Agency -
Capital Projects - - 4,385,860 - - 4,385,860
Redevelopment Agency -
Debt Service - 432,530 - - - 432,530
Sports Complex 383,015 - - - - 383,015
Nonmajor Funds 696,132 1,300,000 4,925,770 - 58,968 6,980,870
Total 1,079,147$ 3,399,580$ 9,311,630$ 300,000$ 69,333$ 14,159,690$
Transfers Out:
Funds
The General Fund transferred $383,015 to the Sports Complex and $696,132 to various non-
major funds to cover budgeted amounts.
The Rancho Cucamonga Redevelopment Agency Debt Service Fund transferred $4,385,860 to
the Rancho Cucamonga Redevelopment Agency Capital Project Fund and $4,925,770 to
non-major funds to cover the cost of operation and capital projects.
The Rancho Cucamonga Redevelopment Agency Capital Project Fund transferred $432,530 to
the Rancho Cucamonga Redevelopment Agency Debt Service Fund to cover principal and
interest payments on long-term debt and $1,667,050 and $1,300,000 to the General Fund and
non-major funds respectively to reimburse for costs of operations.
The Municipal Utility fund transferred $300,000 to the General Fund to cover costs of
operations.
53
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations
a. Long-Term Debt – Governmental Activities
The following is a schedule of changes in governmental activities long-term debt for the
fiscal year ended June 30, 2008:
Balance July 1, 2007 Outstanding Due Within
July 1, 2007 Adjustments* As Adjusted Additions Repayments June 30, 2008 One Year
Bonds:
Housing Set-Aside Tax
Allocation Bonds -
1996 Issue 30,550,000$ -$ 30,550,000$ -$ 30,550,000$ -$ -$
Tax Allocation Refunding
Bonds - 1999 Issue 42,920,000 - 42,920,000 - 2,210,000 40,710,000 2,310,000
Tax Allocation Bonds
2001 Issue 71,815,000 - 71,815,000 - 10,000 71,805,000 10,000
Tax Allocation Bonds
2004 Issue 159,400,000 - 159,400,000 - 3,475,000 155,925,000 3,545,000
Tax Allocation Bonds
2007 Issue A & B - - - 155,620,000 - 155,620,000 4,540,000
Total Bonds 304,685,000 - 304,685,000 155,620,000 36,245,000 424,060,000 10,405,000
Developer Loans:
Federal Bureau
of Reclamation 3,226,335 (635,548) 2,590,787 - 681,315 1,909,472 681,315
Price Club/Costco 7,046,358 - 7,046,358 199,465 - 7,245,823 -
Bank of New York 12,829,344 - 12,829,344 - 279,589 12,549,755 304,676
Total Developer
Loans 23,102,037 (635,548) 22,466,489 199,465 960,904 21,705,050 985,991
Capital Lease 81,935 - 81,935 - 16,719 65,216 17,536
Claims and judgments payable 2,658,017 - 2,658,017 1,287,449 904,245 3,041,221 903,269
Accrued employee benefits 6,405,161 - 6,405,161 3,078,313 2,468,609 7,014,865 6,405,163
Total 336,932,150$ (635,548)$ 336,296,602$ 160,185,227$ 40,595,477$ 455,886,352 18,716,959$
Unamortized bond premium 5,043,574
460,929,926$
* Adjustments were made to correct the loan balance as of July 1, 2007.
A description of individual components of long-term debt outstanding as of June 30, 2008, is
as follows:
Tax Allocation Bonds
1. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project,
1996 Housing Set-Aside Tax Allocation Bonds, $37,665,000. These bonds are dated
September 1, 1996, and were issued in order: a) to repay the note issued by the
Agency to Sanwa Bank in the remaining principal amount of $20,783,487; b) to pay
off the non-taxable term loan to Sanwa Bank in the principal amount of $5,841,301
plus prepayment penalties; c) to complete the projects for which the loans were
originated, namely Mountain sides Monterey Village and Sycamore Springs; and
d) to make grants to the Southern California Housing Development Corporation and
to the Northtown Housing Development Corporation. The issue consists of
$8,970,000 Serial Bonds with maturities beginning September 1, 1997 through
September 1, 2008, and $28,695,000 term bonds maturing thereafter. Interest is
payable semi-annually on March 1 and September 1 of each year commencing
March 1, 1997. The bonds mature in annual installments ranging from $585,000 to
54
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
$2,375,000 from September 1, 1997 to September 1, 2026, and bear interest ranging
from 4.50% to % 5.25%.
Bonds maturing on or before September 1, 2006, are not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2007, are subject, at the option of the Agency, to redemption in whole
or in part, prior to their stated maturities on any date, commencing
September 1, 2006. The bonds maturing September 1, 2011; September 1, 2016;
September 1, 2021 and September 1, 2026, are subject to mandatory redemption in
part from sinking account installments on September 1, 2009, and on each
September 1 thereafter, up to and including September 1, 2026.
During September 2007, the bonds were redeemed in full and the balance at
June 30, 2008, amounted to zero.
2. Rancho Cucamonga Redevelopment Agency, Rancho Development Project,
1999 Tax Allocation Refunding Bonds, $54,945,000. These bonds are dated
August 30, 1999, and were issued in order to finance a portion of the Agency's
Rancho Development Project, to currently refund the outstanding principal balance of
$47,715,000 of the Rancho Development Project 1990 Tax Allocation Bonds and to
fund redevelopment activities. Interest is payable semi-annually on March 1 and
September 1, of each year commencing March 1, 2000. The bonds mature in annual
installments ranging from $1,880,000 to $4,165,000 starting September 1, 2000 to
September 1, 2020, and bear interest ranging from 4.25% to5.25%.
The bonds maturing before September 1, 2009, are not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2010, are subject at the option of the Agency, to redemption, in whole
or in part, by lot, prior to their stated maturities on any date, commencing
September 1, 2009. The bonds maturing on September 1, 2020, are subject to
mandatory redemption in part from sinking account installments on
September 1, 2015, and on each September 1 thereafter, up to and including
September 1, 2020.
Tax Revenues, except as provided below, are pledged in their entirety to the
payment of principal of, and interest on and redemption premium, if any, on the
bonds listed above and are referred to in the applicable series resolutions, as
"Pledged Tax Revenues." Pledged Tax Revenues, except for the 1996 Housing Set-
Aside Tax Allocation Bonds, 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 from 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: a) the Chino Basin Municipal Water District, b) the County of
San Bernardino on behalf of the County Free Library and the San Bernardino County
Flood Control District, c) the Cucamonga County Water District, d) the Foothill Fire
Protection District, and e) various school districts located within the project area.
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
55
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
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 therefore.
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. The balance at June 30, 2008,
amounted to $40,710,000.
The following schedule illustrates the debt service requirements to maturity for the
1999 Tax Allocation Refunding Bonds as of June 30, 2008:
Principal Interest
2008 - 2009 2,310,000$ 2,020,185$
2009 - 2010 2,420,000 1,909,580
2010 - 2011 2,530,000 1,791,385
2011 - 2012 2,645,000 1,664,540
2012 - 2013 2,785,000 1,528,790
2013 - 2018 16,145,000 5,311,254
2018 - 2023 11,875,000 956,681
Total 40,710,000$ 15,182,415$
3. Rancho Cucamonga Redevelopment Agency, Rancho Development Project, 2001
Tax Allocation Bonds, $74,080,000. These bonds are dated August 7, 2001, and
were issued in order to finance a portion of the Agency's Rancho Development
Project and to pay certain costs of issuance of the bonds. Interest is payable semi-
annually on March 1 and September 1 of each year commencing March 1, 2002. The
bonds mature in annual installments from $10,000 to $11,540,000 from
September 1, 2002 to September 1, 2030, and bear interest ranging from 3.000% to
5.125%.
The bonds maturing before September 1, 2011, are not subject to call and
redemption prior to their stated maturities. The bonds maturing on or after September
1, 2012, are subject, at the option of the Agency to redemption, in whole or in part, by
lot, prior to their stated maturities on any date, commencing September 1, 2011,
among maturities at the discretion of the Agency and by lot within a maturity upon
payment, from any source of funds available, of the principal amount and accrued
interest payable thereon, without premium.
56
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
Tax Revenues, except as provided below, are pledged in their entirety to the
payment of principal, interest and redemption premium, if any, on the bonds listed
above and are referred to in the applicable series resolutions as "Pledged Tax
Revenues." Pledged Tax Revenues, except for the 1996 Housing Set-Aside Tax
Allocation Bonds, 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 from 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: a) the
Chino Basin Municipal Water District, b) the County of San Bernardino on behalf of
the County Free Library and the San Bernardino County Flood Control District, c) the
Cucamonga County Water District, d) the Foothill Fire Protection District, and e)
various school districts located within the project area. 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 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 therefore. The balance at June 30, 2008,
amounted to $71,805,000.
The following schedule illustrates the debt service requirements to maturity for the
2001 Tax Allocation Bonds as of June 30, 2008:
Principal Interest
2008 - 2009 10,000$ 3,720,994$
2009 - 2010 10,000 3,720,494
2010 - 2011 10,000 3,719,994
2011 - 2012 15,000 3,719,369
2012 - 2013 10,000 3,718,744
2013 - 2018 70,000 18,584,219
2018 - 2023 1,230,000 18,507,469
2023 - 2028 37,490,000 14,338,691
2028 - 2033 32,960,000 2,590,175
Total 71,805,000$ 72,620,149$
57
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
4. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 2004
Tax Allocation Bonds, $165,680,000. These bonds are dated March 1, 2004, and
were issued in order a.) to refund and defease the Agency‟s $52,225,000 outstanding
principal amount Rancho Redevelopment Project 1994 Tax Allocation Refunding
Bonds, and b.) to fund redevelopment activities. The issue consists of $109,690,000
Serial Bonds with maturities beginning September 1, 2005 through
September 1, 2025, $12,210,000 Term Bonds due September 1, 2028, bearing
interest at 4.45% per annum and $43,780,000 Term Bonds due September 1, 2032,
bearing interest at 4.50% per annum. Interest is payable semi-annually on March 1
and September 1 of each year commencing September 1, 2004. The Serial Bonds
mature in annual installments ranging from $2,950,000 to $10,955,000 starting
September 1, 2005 to September 1, 2025, and bearing interest ranging from 2.00%
to 5.00%.
Bonds maturing on or before September 1, 2014, are not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2015, are subject, at the option of the Agency, to redemption in whole
or in part, prior to their stated maturities on any date, commencing
September 1, 2014. The bonds maturing on September 1, 2028 and
September 1, 2032, are subject to mandatory redemption in part from sinking
account installments on September 1, 2026 and September 1, 2029, respectively,
and on each September 1 thereafter, at a redemption price equal to 100% of the
principal amount plus accrued interest, if any, to the redemption date, without
premium.
The Agency has pledged for the repayment of the Bonds the Tax Revenues which
constitute all taxes allocated to the Agency with respect to the Project, pursuant to
Article 6 of Chapter 6 (commending with Section 33670) of the Law and Section 16 of
Article XVI of the Constitution of the State, or pursuant to other applicable state laws,
and as provided in the Redevelopment Plan.
Pledged Tax Revenues also do not include that portion of tax revenues derived from
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 a.) the
Chino Basin Municipal Water District, b.) the County of San Bernardino on behalf of
the County Free Library and the San Bernardino County Flood Control District, c.) the
Cucamonga County Water District, d.) the Foothill Fire Protection District, and e.)
various school districts located within the project area. 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 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 therefore. The bonds are further secured by a
financial guarantee insurance policy in the event of nonpayment of principal and/or
interest.
The balance at June 30, 2008, amounted to $155,925,000, plus unamortized bond
premium of $4,152,435.
58
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
The following schedule illustrates the debt service requirements to maturity for the
2004 Tax Allocation Bonds as of June 30, 2008:
Principal Interest
2008 - 2009 3,545,000$ 6,798,603$
2009 - 2010 3,700,000 6,635,590
2010 - 2011 3,870,000 6,455,590
2011 - 2012 4,070,000 6,257,090
2012 - 2013 4,270,000 6,091,290
2013 - 2018 24,330,000 27,243,684
2018 - 2023 37,905,000 21,082,783
2023 - 2028 26,205,000 13,094,909
2028 - 2033 48,030,000 7,180,938
Total 155,925,000$ 100,840,477$
5. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project,
Housing Set-aside Tax Allocation Bonds, Tax Exempt Series 2007A and Taxable
Series 2007B. $155,620,000. In November 2007, the Rancho Cucamonga
Redevelopment Agency issued $73,305,000 Rancho Redevelopment Project
Housing Set-Aside Tax Allocation Bonds Tax-Exempt Series 2007A and $82,315,000
Rancho Redevelopment Project Housing Set-Aside Tax Allocation Bonds Taxable
series 2007B to (a) refund and redeem the Agency‟s outstanding Rancho
Redevelopment Project 1996 Housing Set-Aside Tax Allocation Bonds, (b) provide
for the refunding and defeasance of the California Statewide Communities
Development Authority Multifamily Housing Revenue Bonds, (c) extend set-aside and
affordability restriction on 558 units within four apartment projects located in the City
of Rancho Cucamonga pursuant to an Extended Affordability Agreement, and
(d) finance other low and moderate income housing projects in or of benefit to the
Project Area.
The Series A issue consists of $29,950,000 in Serial bonds with maturities beginning
September 1, 2008 through September 1, 2026, bearing interest ranging from 3.25%
through 5.0%; and $43,355,000 in Term bonds due September 1, 2034, bearing
interest at 5%. The Series B issue consists of $19,675,000 Term bonds due
September 1, 2017, bearing interest at 5.529%; and $62,640,000 Term bonds due
September 1, 2031, bearing interest at 6.262%. Interest on both Series A and B
bonds is payable semi-annually on March 1 and September 1 of each year,
commencing March 1, 2008.
The Series A Bonds maturing on or before September 1, 2017, are not subject to call
and redemption prior to maturity. The Series A Bonds maturing on or after
September 1, 2018, will be subject to call and redemption prior to maturity at the
option of the Agency, on or after September 1, 2017. The Taxable Series B Bonds
are subject to optional redemption, on any date prior to their maturity.
The 2007 bonds are secured and payable from Tax Revenues on a subordinate
basis with respect to a Loan Agreement dated as of December 15, 1997 between the
Agency, Northtown Housing Development Corporation and Pacific Life Insurance
Company (Loan Payable-Bank of New York) – the Senior Loan. The Indenture does
not permit additional senior obligations. The Agency is permitted under the Indenture
to incur additional obligations – Parity Bonds – secured by a pledge of Tax Revenues
on a parity basis with the pledge of Tax Revenues to the 2007 Bonds. Tax
Revenues which secure the 2007 Bonds consist solely of the Housing Set-Aside.
59
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
The balance at June 30, 2008, amounted to $155,620,000, plus unamortized bond
premium of $891,139.
Principal Interest
2008 - 2009 4,540,000$ 8,564,060$
2009 - 2010 2,535,000 8,125,383
2010 - 2011 2,660,000 8,316,460
2011 - 2012 2,790,000 7,865,337
2012 - 2013 2,925,000 8,043,262
2013 - 2018 17,005,000 36,825,282
2018 - 2023 22,110,000 31,837,355
2023 - 2028 30,635,000 24,200,072
2028 - 2033 47,585,000 12,594,724
2033 - 2038 22,835,000 944,399
Total 155,620,000$ 147,316,334$
Developer Loans Payable
1. During fiscal year 1988-1989, the Rancho Cucamonga Redevelopment Agency
obtained a loan from the Federal Bureau of Reclamation in connection with the Day
Creek Water Project. The original debt amounted to $13,400,000 and, in accordance
with the terms of the agreement, annual payments of $681,315 have been made to
the County of San Bernardino (acting as lead agency for the Federal Government).
Future interest payment cannot be reasonably estimated. The balance at
June 30, 2008 amounted to $1,909,472.
The following schedule illustrates the debt service requirements to maturity as of
June 30, 2008:
Principal
2008-2009 681,315$
2009-2010 681,315
2010-2011 546,842
Total 1,909,472$
2. In December 1990, the Rancho Cucamonga Redevelopment Agency entered into a
Disposition and Development Agreement with The Price Company (Developer). In
accordance with this agreement the Agency executed a 23-year note in the amount
of $3,756,615. The note was issued to provide financing of certain redevelopment
activities that included the acquisition of approximately 13 acres of land. The note
bears interest of 9% per annum. The Agency shall pay the Developer quarterly
payments amounting to 50% of taxes derived from the imposition of the Bradley
Burns Uniform Local Sales and Use Tax Law commencing with Section 7200 of the
revenue and Taxation Code of the State of California, as amended, arising from all
businesses and activities conducted on the Costco Parcel. The Note was
renegotiated on July 18, 2002, as the Costco Note. The new loan principal of
$6,347,171 included accrued interest through that date, however the new principal
was not recorded on the books until fiscal year 2006 - 2007. In the event that the
debt service payments are insufficient to fully discharge the principal and interest on
this note with the 23 note years, then, in such event, the unpaid balance of principal
and accrued interest, if any, shall be deemed forgiven. The balance at
June 30, 2008, amounted to $7,245,823.
60
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
3. On August 21, 1996, the Agency executed a note payable to Pacific Life Insurance
Company (subsequently assigned to Bank of New York) in the amount of
$9,411,477. The proceeds of the note were paid directly to Northtown Housing
Development Corporation for the development of the Northtown Housing project. The
outstanding principal bears interest at 8.78% compounding semi-annually from the
date of the note until paid. Interest was added to the principal on each March 15 and
September 15 through March 15, 2002, amounting to $4,210,264 in addition to
principal. Commencing on September 15, 2002, both principal and interest shall be
due and payable semi-annually on March 15 and September 15, of each year
through March 2026. The balance at June 30, 2008, amounted to $12,549,755.
The following schedule illustrates the debt service requirements to maturity as of
June 30, 2008:
Principal Interest
2008 - 2009 304,676$ 1,095,324$
2009 - 2010 332,013 1,067,987
2010 - 2011 361,803 1,038,197
2011 - 2012 394,268 1,005,732
2012 - 2013 429,644 970,356
2013 - 2018 2,800,486 4,199,514
2018 - 2023 4,303,505 2,696,495
2023 - 2028 3,623,360 576,640
Total 12,549,755$ 12,650,245$
Capital Leases payable
On November 1, 2006, the City entered into a capital lease agreement with LaSalle
Bank National Association to acquire an asphalt grinding machine. The agreement
requires semi annual payments of $10,238 due in May and November of each year
with the final payment due in November 2011. At June 30, 2008, the outstanding
balance on the lease was $65,217.
The following schedule illustrates the debt service requirements as of June 30, 2008:
Principal Interest
2008-2009 17,536$ 2,941$
2009-2010 18,393 2,083
2010-2011 19,292 1,184
2011-2012 9,995 241
Total 65,216$ 6,449$
Claims and Judgments Payable
The City’s liability regarding self insurance is described in Note 13 of the Notes to
Financial Statements. The liability will be paid as it becomes due by the General
Fund and the Fire District Fund.
Accrued Employee Benefits
The City’s policies relating to compensated absences are described in Note 1 of the
Notes to Financial Statements. The liability will be paid in future years as it becomes
due by the General Fund and the Fire District Fund.
61
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Long-Term Debt Obligations (Continued)
Debt Service Requirements
As previously discussed, the City has pledged, as security for bonds it has issued, either
directly or through the Financing Authority, a portion of the tax increment revenue
(including Low and Moderate Income Housing set-aside) that it receives. These bonds
were to provide financing for various capital projects, accomplish Low and Moderate
Income Housing projects and to defease previously issued bonds. The City has
committed to appropriate each year, from these resources amounts sufficient to cover the
principal and interest requirements on the debt. Total principal and interest remaining on
the debt is $787,128,847 with annual debt service requirements as indicated below. For
the current year, the total tax increment revenue, net of pass through payments,
recognized by the Agency was $77,319,203 and the debt service obligation on the bonds
was $22,578,718.
Note 8: Other Special Obligations
The following issues of Residential Mortgage Revenue Bonds, Special Assessment District
Bonds, Senior Lien Bonds and Subordinate Lien Bonds are not reflected in the Statement on
Net Assets because these are special obligations payable solely from and secured by
specific revenue sources described in the resolutions and official statements of the respective
issues. Neither the faith and credit nor the taxing power of the City, the Redevelopment
Agency, the State of California or any political subdivision thereof, is pledged for the payment
of these bonds. The outstanding amounts at June 30, 2008, were as follows:
Outstanding
Amount at
June 30, 2008
City of Rancho Cucamonga:
Reassessment District 1999-1 1,305,000$
Assessment District 93-1 2,300,000
Community Facilities District No. 93-3 3,360,000
Community Facilities District No. 88-2 2,045,000
Community Facilities District No. 2000-01 1,170,000
Community Facilities District No. 2000-02 6,245,000
Community Facilities District No. 2001-01 Series A 13,300,000
Community Facilities District No. 2001-01 Series B 880,000
Community Facilities District No. 2003-01 Series 2003-A 14,625,000
Community Facilities District No. 2003-01 Series 2003-B 2,850,000
Community Facilities District No. 2000-03 9,735,000
Community Facilities District No. 2004-01 43,105,000
Community Facilities District No. 2006-01 5,800,000
Community Facilities District No. 2006-02 2,980,000
Rancho Cucamonga Redevelopment Agency:
Multi-Family Housing Revenue Bond:
Series 1997A 3,136,500
Series 1997B 77,240
Total 112,913,740$
62
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
IV. OTHER INFORMATION
Note 9: Pension Plan Obligations
a. City Miscellaneous Plan
Plan Description
The City of Rancho Cucamonga contributes to the California Public Employees
Retirement System (PERS), an agent multiple-employer public employee defined benefit
pension plan. PERS provides retirement and disability benefits, annual cost-of-living
adjustments and death benefits to plan members and beneficiaries. PERS acts as a
common investment and administrative agent for participating public entities within the
State of California. Benefit provisions and all other requirements are established by state
statute and City ordinance. Copies of PERS‟ annual financial report may be obtained
from its executive office: 400 P Street, Sacramento, California 95814.
Funding Policy
Participants are required to contribute 8% of their annual covered salary. The City make s
the contributions required of employees on their behalf and for their account. The City is
required to contribute at an actuarially determined rate; the current rate as a percentage
of annual covered payroll is 9.845%. The contribution requirements of plan members
and the City are established and may be amended by PERS.
Annual Pension Cost (APC) and Net Pension Obligation
For the year ended June 30, 2008, the City's annual pension cost of $4,669,503 was
equal to the City's required and actual contributions. The required contribution was
determined as part of the June 30, 2007, actuarial valuation using the entry age normal
actuarial cost method.
A summary of principle assumptions and methods used to determine the APC is shown
below:
Valuation Date June 30, 2007
Actuarial Cost Method Entry Age Actuarial Cost Method
Amortization Method Level Percent of Payroll
Average Remaining Period 24 years as of the Valuation Date
Asset Valuation Method 15-Year Smoothed Market
Actuarial Assumptions:
Investment Rate of Return 7.75% (net of administrative expenses)
Projected Salary Increases 3.25% to 14.45% depending on age, service
and type of employment
Inflation 3.00%
Payroll Growth 3.25%
Individual Salary Growth A merit scale varying by duration of
employment coupled with an assumed annual
inflation component of 3.00% and an annual
production growth of 0.25%.
Initial unfunded liabilities are amortized over a closed period that depends on the Plan's
date of entry into CalPERS. Subsequent plan amendments are amortized as a level
percent of pay over a closed 20-year period. Gains and losses that occur in the operation
of the plan are amortized over a rolling period, which results in an amortization of about
6% of unamortized gains and losses each year. If the Plan's accrued liability exceeds the
63
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
actuarial value of plan assets, then the amortization payment on the total unfunded
liability may not be lower than the payment calculated over a 30-year amortization period.
Annual Percentage
Pension Cost of APC Net Pension
Fiscal Year (APC)Contributed Obligations
6/30/2006 2,377$ 100%-$
6/30/2007 4,296$ 100%-$
6/30/2008 4,670$ 100%-$
Three-Year Trend Information for PERS - City
Actuarial
Accrued UAAL as
Actuarial Actuarial Liability Unfunded a % of
Valuation Value of (AAL) Entry AAL Funded Covered Covered
Date Assets Age (UAAL)Ratio Payroll Payroll
6/30/2005 67,629$ 72,000$ (4,371)$ 93.9 %18,977$ 23.0 %
6/30/2006 76,040$ 80,467$ (4,427)$ 94.5 %22,184$ 20.0 %
6/30/2007 85,947$ 90,860$ (4,913)$ 94.6 %25,435$ 19.3 %
Schedule of Funding Progress for PERS
(Amounts in Thousands)
Miscellaneous Plan of the City of Rancho Cucamonga
b. Fire Protection District’s Miscellaneous and Safety Plan
Plan Description
The Fire District contributes to the California Public Employees Retirement System
(PERS), a cost-sharing multiple-employer defined benefit pension plan. PERS provides
retirement, disability benefits, annual cost-of-living adjustments and death benefits to plan
members and beneficiaries. PERS acts as a common investment and administrative
agent for participating public entities within the State of California. Benefit provisions and
all other requirements are established by state statute and City ordinance. Copies of
PERS annual financial report may be obtained from their executive office: 400 P Street,
Sacramento, CA 95814.
Funding Policy
Participants are required to contribute 8% (9% for safety employees) of their annual
covered salary. The Fire District makes the contributions required of employees on their
behalf and for their account. The Fire District is required to contribute at an actuarially
determined rate; the current rate as a percentage of annual covered payroll is 15.380%
for the non-safety employees and 23.530% for safety employees. The contribution
requirements of plan members and the City are established and may be amended by
PERS.
Annual Pension Cost (APC)
For the year ended June 30, 2008, the Fire District‟s annual pension cost for the
miscellaneous and safety employees of $3,330,972 was equal to the Fire District's
64
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
required and actual contributions. The required contribution was determined as part of
the June 30, 2005, actuarial valuation using the entry age normal actuarial cost method.
Annual Percentage
Pension Cost of APC Net Pension
Fiscal Year (APC)Contributed Obligations
6/30/2006 3,970$ 100%-$
6/30/2007 2,859$ 100%-$
6/30/2008 3,331$ 100%-$
Three-Year Trend Information for PERS - Fire District
Note 10: PARS Retirement Enhancement Plan
Plan Description
The City of Rancho Cucamonga sponsors the PARS Retirement Enhancement Plan, a
agent multiple-employer defined benefit pension plan. The Plan provides pension
benefits to miscellaneous members (Tier 1), the city manager (Tier 2), and city council
members (Tier 3). The Tier 1 and Tier 3 benefits are equal to a percentage of highest
pay multiplied by years of service, with the percentage varying by retirement age based
on a 3% at 60 target offset by CalPERS 2.5% at 55 formula. Sample rates are as follows:
Age Tier 1 Tier 2
55 0.000% 0.500%
56 0.100 0.500
57 0.200 0.500
58 0.300 0.500
59 0.400 0.500
60+ 0.500 0.500
The City and the Fire Protection District have the right to amend, modify or terminate the
plan at any time. Separate audited financial statements are not prepared.
Benefits are increased by a 2% annual cost of living adjustment after retirement. There
are no employee contributions for either tier.
Funding Policy
The City‟s funding policy is to contribute the annual required contribution. The annual
required contribution equals the sum of:
normal cost, and
amortization of the unfunded actuarial accrued liability.
Annual Pension Cost (APC)
Government Accounting Standards Board Statement No. 27 (Statement 27) requires that
the City determine the plan‟s annual pension cost based on the most recent actuarial
valuation. The annual pension cost equals the plan‟s annual required contribution,
adjusted for historical differences between the annual required contribution and amounts
contributed. The actuary has determined the City‟s annual required contribution equal to
the sum of (a) normal cost, and (b) amortization of the unfunded actuarial accrued
liability.
65
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 10: PARS Retirement Enhancement Plan (Continued)
For calendar year ending June 30, 2008, the City‟s annual required contribution is
$1,324,588. The City‟s actual contribution was $1,324,588. The required contribution
was based on the June 30, 2006, actuarial valuation using the entry age normal (level
percentage of pay) actuarial cost method. The actuarial assumptions included (a) 7.0%
investment return (net of administrative expenses), (b) CalPERS 1997 – 2002 Experience
Study table for Males and Females, (c) projected annual payroll increases of 3.25% a
year plus merit, and (d) cost-of-living adjustment of 2% per year. Both (a) and (c)
included an inflation component of 3.0%.
The unfunded actuarial accrued liability is being amortized as a level percent of pay over
a closed period. The amortization periods are (1) 20 years for initial unfunded accrued
liability (from July 1, 2002), (2) 15 years for gains/losses, (3) 20 years for plan
amendments, and (4) 20 years for assumption changes.
The following table provides 3 years of historical information of the Annual Pension Cost:
Annual Pension
Cost (APC)Percentage of Net Pension
Year Ending (in Thousands)APC Contributed Obligation
6/30/2006 1,029$ 100%-$
6/30/2007 1,187$ 100%-$
6/30/2008 1,325$ 100%-$
Unfunded
Actuarial Actuarial Actuarial Actuarial UAAL as a %
Valuation Value of Accrued Accrued Funded Covered of Covered
Date Assets Liability Liability Ratio Payroll Payroll
07/01/2002 -$ 4,664$ 4,664$ 0.0%16,759$ 27.8%
07/01/2004 1,640$ 7,999$ 6,359$ 20.5%17,031$ 37.3%
07/01/2006 3,830$ 10,144$ 6,314$ 37.8%20,767$ 30.4%
Actuarial valuation is performed every other year.
Schedule Of Funding Progress
(Amounts in Thousands)
Note 11: Post-Employment Benefits
The City and Redevelopment Agency do not provide post-employment benefits; however,
medical coverage is provided to Fire District personnel and their dependents upon retirement
under the Rancho Cucamonga Fire Protection District Memorandum of Understanding. The
District recognizes the cost of providing these benefits by recording the insurance premiums
as expenditures. The cost for 44 retirees was $46,000 for the fiscal year ended
June 30, 2008.
66
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 12: Fund Equity and Net Assets Restatement
Beginning fund balances have be restated as follows:
Major governmental funds:
General Fund
To properly record the City's matching portion of grants
received in prior years (41,813)$
Redevelopment Agency - Capital Project Fund
To correct retentions payable relating to prior years (72,535)
Non-major governmental funds:
Libraries Services & Technologies Act
To properly record grants received in prior years (12,381)
Litter Reduction Grant
To properly record grants received in prior years (26,515)
Signal Coordination Grant
To properly record grants received in prior years (4,104)
Safe Routes to School Program
To properly record grants received in prior years 3,976
Code Enforcement Grant program
To properly record grants received in prior years (3,873)
Youth Enrichment Grant Program
To properly record grants received in prior years (23,147)
Drink, Drive, Lose Grant
To properly record grants received in prior years (15,401)
Department of Homeland Security Grant
To properly record grants received in prior years (6,658)
OTS Traffic Safety
To properly record grants received in prior years 37,837
OTS Countdown Pedestrian Signals
To properly record grants received in prior years (21)
Justice Assistance Grant
To properly record grants received in prior years (16,367)
Homeland Security Grant 2005
To properly record grants received in prior years (15,151)
(196,153)$
Major Enterprise Funds:
Municipal Utility
To record capital assets not properly
capitalized in prior years 1,158,732$
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City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 12: Fund Equity and Net Assets Restatement (Continued)
Beginning net assets has been restated as follows:
Governmental Activities:
To properly record the City's matching portion of grants
received in prior years (41,813)$
To correct retentions payable relating to prior years (72,535)
To properly record grants received in prior years (81,805)
To record capital assets and the related accumulated depreciation
not properly recorded in prior years 6,918,681
To correct the loans payable balance at July 1, 2008 635,548
7,358,076$
Business-Type Activities:
To record capital assets not properly capitalized
in prior years 1,158,732$
Note 13: Summary Disclosure of Self-Insurance Contingencies
City Disclosure of Self-Insurance Contingencies
The City is self-insured for the first $250,000 on each general liability claim and for the
first $100,000 on each workers‟ compensation claim. The insurance coverage in excess
of the self-insured amount is provided by the Public Agency Risk Sharing Authority of
California (PARSAC) up to a limit of $750,000 and $150,000 for general liability and
workers‟ compensation respectively.
Claims expenditures and liabilities are reported when it is probable that a loss has
occurred and the amount of that loss can be reasonably estimated. These losses include
an estimate of claims that have been incurred but not reported. The City funds all claims
payable, including those incurred but not reported, in the yearly deposit it pays to
PARSAC.
Effective June 1, 1986, the City became a member of the PARSAC, a public entity risk
pool currently operating as a common risk management and insurance program for
36 California cities. The City pays an annual premium to the pool for its excess general
liability insurance coverage. The agreement for information of the PARSAC provides that
the pool will be self-sustaining through member premiums. The PARSAC will publish its
own financial report for the year ended June 30, 2008, which can be obtained from Public
Agency Risk Sharing Authority of California, Sacramento, California.
Fire Protection District Disclosure of Self Insurance Contingencies
For general liability, the Fire Protection District is covered through the Fire Agencies
Insurance Risk Authority (FAIRA) on each general liability claim up to $1,000,000. The
liability deductible is $0, except $10,000 for Management Liability claims, $1,000 for auto
claims and $5,000 for property claims.. The insurance coverage in excess of the
$1,000,000, up to $10,000,000, is provided by American Alternative Insurance
Corporation.
Effective, June 29, 1989, the District became a member of FAIRA, a public entity risk
pool currently operating as a common risk management and insurance program for 99
California Fire Protection Districts. The District pays an annual premium to the pool for
68
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 13: Summary Disclosure of Self-Insurance Contingencies (Continued)
its excess general liability insurance coverage. The agreement for information of FAIRA
provides that the pool will be self-sustaining through member premiums.
FAIRA publishes its own financial report for the year ended June 30, 2008, which can be
obtained from the Fire Agencies Insurance Risk Authority, Novato, California.
For workers compensation, the Fire Protection District is self-insured for the first
$300,000 on each workers compensation claim as a member of the Public Agency Self-
Insurance System (PASIS) of San Bernardino County. The insurance coverage in
excess of the self-insured amount is provided by the California State Association of
Counties Excess Insurance Authority (CSAC-EIA).
Effective, July 1, 2002, the District became a member of CSAC-EIA, a public entity risk
pool currently operating as a common risk management and insurance program for 145
California cities, counties, school districts, municipal services organizations, and joint
power authorities. The District pays an annual premium to the pool for its excess workers
compensation insurance coverage. The agreement for information of the CSAC-EIA
provides that the pool will be self-sustaining through member premiums.
CSAC-EIA publishes its own financial report for the year ended June 30, 2007, which can
be obtained from the California State Association of Counties Excess Insurance
Authority, Moraga, California.
Workers compensation claims expenditures and liabilities are reported when it is
probable that a loss has occurred and the amount of that loss can be reasonably
estimated. These losses include an estimate of claims that have been incurred but not
reported. The District funds all claims payable, including those incurred, but not reported,
in the yearly deposit it pays to PASIS.
There have been no significant changes in insurance coverage from the prior year.
During the past three fiscal years, the amount of settlements has not exceeded the
amount of insurance coverage.
The City and the District are 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 $7,534,399 is adequate to cover such losses.
The following is a summary of the changes in the claims liability over the past two fisca l
years for the City and the Fire Protection District combined:
Beginning Claim Ending
Fiscal Year Balance Estimates Payments Balance
2006-2007 2,068,707$ 1,455,550$ (866,240)$ 2,658,017$
2007-2008 2,658,017$ 1,287,449$ (904,245)$ 3,041,221$
Current Year Claims
and Changes in
69
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: West End Communications Financing Authority
The West End Communications Financing Authority was formed by a joint exercise of powers
agreement dated February 21, 1990, and amended February 7, 1991, pursuant to the Joint
Exercise of Powers Law of the State of California. It was established for the purpose of
financing public improvements through the acquisition, construction and improvement thereof
by the Authority. Separate financial statements may be obtained from the Authority.
The Authority's membership consists of the City of Chino, the City of Ontario, the City of
Rancho Cucamonga, the City of Montclair, the City of Upland, the Chino Valley Fire District,
the Cucamonga County Water District, Ontario International Airport and the Rancho
Cucamonga Fire Protection District. The City of Rancho Cucamonga's share of participation
is 9.48%. The Board of Directors is comprised of the Chief Executive Officer and Finance
Director of each member agency. Each Director has one vote over budgeting and financial
matters, except for the Cucamonga County Water District and Ontario International Airport,
who have chosen not to participate on the Board of Directors. The Authority is a public entity
separate from the agencies, and is not included in the financial statements of those entities.
The City of Rancho Cucamonga does not have an equity interest in the Authority.
Note 15: Recent Legislation
During 1995, the California Supreme Court issued a decision, which reinstated California's
Proposition 62's voter-approval requirement for general taxes. As a result of this ruling,
questions have arisen regarding the ability of general law cities to continue to assess utility
user and other form of taxes, which were not approved by the voters. Also, recently the
voters approved Proposition 218 which required that certain forms of taxes to be approved by
the voters. As of the date of this report, a determination of whether future collection of this tax
can continue cannot be determined.
Note 16: Subsequent Events
Rancho Workforce Housing Project
On September 1, 2008, the Agency approved Amendment No. 1 to the Development and
Disposition Agreement (DDA) (original DDA was entered into on March 5, 2008) and the
Amended and Restated Loan Agreement associated with the Rancho Workforce
Housing, LP. The Agency will loan to the borrower up to $27,565,000 towards the
property purchase and development costs of an approximate 166-unit housing
development, including 131 units designated for low-and-moderate-income residents, as
evidenced by the Borrower executing a Deed of Trust and recording it as a lien against
the Property. The Agency is currently in escrow to sell the property to the borrower for
$8,800,000. The Affordable Units must remain affordable to low-and-moderate-income
households for a term of 99 years. Interest on the outstanding principal balance shall
accrue at the rate of 2.386% per annum, compounded annually, commencing on the date
of disbursement and will continue for a term of fifty-five (55) years, at which time any
principal and unpaid interest will be due and payable. Commencing on the date 120 days
after the end of the Borrower‟s fiscal year first ending after the Completion of
Construction of the Development, and on the date 120 days after the close of each fiscal
year thereafter for the Term of the Agency Loan, borrower shall make repayments of the
Agency Loan equal to 50% of the Residual Receipts. Payments made shall be credited
first against accrued interest and then against outstanding principal. The Borrower‟s
payments shall be based upon the annual audited financial statements the Borrower
must submit to the Agency.
70
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 16: Subsequent Events (Continued)
ERAF Tax Increment Revenue Shift
On September 30, 2008, the California Legislature passed AB 1389, requiring a shift in
tax increment revenues during fiscal year 2008-2009 to the state Educational Revenue
Augmentation Fund (ERAF). It is estimated that the Agency‟s share of the ERAF shift for
fiscal year 2008-2009 will amount to approximately $6,636,402.
Financial Concerns Relating to the California Economy
As indicated in the State of California‟s 2008-2009 Proposed Budget Summary –
Economic Outlook:
“The California and national economies faced considerable headwinds -a
deepening housing slump, a breakdown in mortgage markets, tighter credit, more
volatile financial markets, and rising energy prices. Upward resets of subprime
mortgage rates made payments unaffordable for many borrowers and helped
push mortgage defaults and foreclosures to record levels. Several large financial
institutions reported huge losses on subprime mortgages and securities backed
by these mortgages. Uncertainty about how far the problems with these
mortgages would spread increased financial market volatility and prompted
lenders to tighten credit standards. The Federal Reserve injected liquidity into the
financial markets and eased monetary policy on a number of occasions in the
second half of the year, but as year-end neared, financial markets were still not
functioning normally.”
While the values shown in the attached financial statements reflect those present at
June 30, 2008, substantial changes have occurred in the economy in which the City
operates. Therefore, the projection of the financial data for the City into future periods
must recognize these factors and consider the effect of these on its operations and costs.
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72
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
Special Revenue Funds account for revenues derived from specific sources which are required by law or
administrative regulation to be accounted for in a separated fund. Funds included are:
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 1 cent 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.
Lighting Districts Fund - Established to account for the costs associated with providing street lights.
Financing is provided by special assessments levied against the benefiting 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 benefiting property
owners.
Transportation 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.
Pedestrian Grant 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.
Transportation Enhancement Act - ISTEA (formerly FAU) is a federal grant funding source of the
construction of major streets and bridges. The Intermodal Surface Transportation Efficiency Act (ISTEA)
is a competitive grant program that the City participates in.
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.
San Sevaine/Etiwanda Drainage Fund – Established to account for Development Impact fees collected in
the San Sevaine/Etiwanda Drainage Assessment District for the construction of regional and mainline
flood control projects in that district.
73
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
SB 140 Fund - Established to account for the revenue and disbursement of State matching funds for the
construction of eligible street construction projects.
Air Quality Improvement Fund - Established to account for the revenue and disbursement of funds
received as a result of Assembly Bill 2766 which imposed an additional registration fee on motor vehicles.
These revenues are to be used to reduce air pollution from motor vehicles and for related planning,
monitoring, enforcement, and technical studies (Vehicle Code Section 9250.17 and Health and Safety
Code Chapter 7, Part 5 of Division 26, commencing with Section 44220).
South Etiwanda Drainage Fund - Established to account for monies deposited by property owners for
initial consulting costs related to a possible formation of an assessment district for master planned
drainage facilities.
Lower Etiwanda Drainage Fund - Established to account for development impact fees collected in the
Etiwanda area south of Base Line Road for the construction of master plan storm drain projects.
Masi Commerce Center (Assessment District No. 93-1) - Established to acquire the necessary
infrastructure from the developer after the completion and acceptance of the approved improvements.
Financing was provided by the sale of bonds pursuant to the provisions of the Improvement Act of 1915.
Measure I Fund - Established to account for the revenue and disbursement of county/local gasoline tax
funds for the construction and maintenance of eligible street projects.
Library Services Fund - Established to account for services provided by the City of Rancho Cucamonga
Library. Funding for this service is made possible through a transfer of San Bernardino County library tax
revenues to the City of Rancho Cucamonga for library purposes. Some start-up costs were incurred
during 1993/94; however, full implementation of City library services did not begin until September 1994.
Metrolink Fund - Established to account for the commuter rail project (Metrolink Station) being funded by
a combined source of State Proposition 108 (Passenger Rail & Clean Air Bond Act of 1990) and San
Bernardino County Measure I revenues allotted to the City through an agreement with San Bernardino
Associated Governments (SANBAG).
California Literacy Campaign Grant Fund - The California Literacy Campaign Grant is administered by the
State Library of California for the purpose of promoting literacy.
Families for Literacy Program - Funded by the California State Library through a competitive grant
process, the Families for Literacy Program provides monies to staff programs targeting 0 through 5 year
old youngsters of illiterate parents. The emphasis on this program is to break the cycle of illiteracy by
creating "reading ready" youngsters by the time they enter the school system. The applying agencies
must have an existing Adult Literacy Program. No other matching funds are required
Major Urban Resource Library Grant Fund – Awarded each year by the California State Library, this grant
program is funded through the Federal Library Services and Construction Act. Awarded on application to
public libraries servicing a population in excess of 100,000, the funds must be used to purchase business
reference resources.
74
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
Used Oil Recycling Grant Fund - In 1991, the Legislature passed AB 2076, the California Oil Recovery
Enhancement Act. The act requires oil manufacturers to pay $0.04 to the California Integrated Waste
Management Board for each quart of lubricating oil sold in the State of California. These grant funds are
available to governmental agencies, based on population, for the purpose of establishing and
administering used oil collection programs. These funds must be used expressly for oil recycling
collection and educational programs.
Local Law Enforcement Block Grant - Established to account for one-time federal grants awarded by the
Bureau of Justice Assistance in 2000, 2001, and 2002. The total grant awards were $84,172, $83,118,
and $64,121, respectively, and had matching requirements ranging from 9% to 11%. The funds were
used to purchase radios for the County-wide network system (Motorola MTS 2000 portable radios), to
purchase pre-emptive devices and thermal imaging cameras, and for construction of a helipad on the roof
of the Public Safety Building.
COPS Program Grant - Established to account for a grant awarded as the result of the approval of State
Assembly Bill 3229. The grant is a one-year award with no matching fund requirements.
California Law Enforcement Program - Established to account for a program administered by the State
Controller that is intended to provide one-time grants to local law enforement agencies for purchase of
high technology equipment.
COPS In Schools Grant - Established to account for a grant awarded by the Federal Department of
Justice to provide supplemental funding of four (4) school resource officer (SRO) deputies at local
schools. The total grant award was $500,000 and will be utilized over a three-year period.
Adult Education Act Grant Fund - Established to account for a $3,500 grant to the Rancho Cucamonga
Public Library from the Federal Department of Education. The funds are earmarked for adult literacy
services and are restricted to use for training and education of volunteers and staff with the “West End
Literacy League,” the joint literacy program operated by the Rancho Cucamonga Public Library, in
partnership with the Upland Public Library. This competitive grant requires no matching funds and is
available, on application, on a year-to-year basis.
Senior Outreach Grant Fund – Established to account for a grant from the San Bernardino County
Department of Aging and Adult Services. The grant requires matching funds of 10%. Funds from this
grant will provide bi-lingual services and materials to be used to market the Rancho Cucamonga Senior
Center, its programs, services and activities.
Library Services and Technologies Act - In fiscal year 1994/95, the City began providing library services
to the residents of Rancho Cucamonga. In the fall of 1994, the City opened the interim municipal library
facility with a 70,000 piece collection consisting of books, audio, video and reference materials. The
22,000 square foot facility doubled the amount of space previously available through the County system.
The City's library collection and programs are designed to meet the needs of adults, young adults and
children of Rancho Cucamonga. Funding for the library system comes from current taxes that are
collected by the County for library services. The City's library system continues to operate from these
same tax dollars and does not receive any additional funding from the City's general fund.
AB2928 Traffic Congestion Relief Fund - Established to account for the revenue and disbursement of
State AB 2928 funds allocated for transportation purposes.
75
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
Litter Reduction Grant Fund - Established to account for a grant from the State Department of
Conservation. This grant will fund a program that will emphasize the collection and recycling of beverage
containers at large venues, public areas, residential communities or schools.
Teen Connection Program Grant - Established to account for a grant provided through the San
Bernardino County Superintendent of Schools by the State of California. The funds will enable the City to
serve more youth in the community by expanding its teen services to a new level with the implementation
of the Teen Connection Program. This program places a City staff member on high school campuses to
share City program information with students; show them how they can earn scholarships to college and
participate in an apprentice program for job experience; and feature annual awards and scholarships for
those students who best exemplify community service and spirit.
Signal Coordination Grant – The Signal Coordination Grant fund is comprised of grant monies received
from the San Manuel Band of Mission Indians for traffic congestion relief projects. The monies received
represent a one-time discretionary grant of funds to various municipalities within San Bernardino County
for construction of transportation related projects.
Teen Connection State Grant - Established to account for a grant provided through the San Bernardino
County Superintendent of Schools by the State of California. The funds will enable the City to serve more
youth in the community by expanding its teen services to a new level with the implementation of the Teen
Connection Program. This program places a City staff member on high school campuses to share City
program information with students; show them how they can earn scholarships to college and participate
in an apprentice program for job experience; and feature annual awards and scholarships for those
students who best exemplify community service and spirit.
Safe Routes to School Program Grant – The Safe Routes to School Program fund is comprised of grant
monies provided by the State of California. The state funds are administered through CalTrans as part of
the California Department of Health Services "Safe Routes to School Program" and are available for
transportation projects that increase the safety of pedestrians and bicyclists.
Congestion Mitigation – Established to account for monies provided by the Federal Highway
Administration as part of its Congestion Mitigation and Air Quality (CMAQ) Improvement Program. The
federal funds are administered by the California Department of Transportation and are available for
surface transportation and other related projects that contribute to air quality improvements and reduce
congestion.
Foothill Boulevard Maintenance - This fund was established to account for funding provided by Cal Trans
as part of their relinquishment of Foothill Boulevard to the City of Rancho Cucamonga. This limited
funding source will be utilized to repair and maintain portions of Foothill Boulevard.
Milliken Land Transaction - The family of Ralph M. Lewis, in conjunction with Lewis Homes, Inc., donated
$2,000,000 to the City for the development of the Community Center in Central Park.
MWD City Makeover Program Grant – This grant program was established by the Metropolitan Water
District (MWD) to lessen the region's outdoor water use. The City's share of the grant will provide
resources for drought tolerant landscaping, walking paths, and an irrigations system for the six acres
surrounding the Sam Maloof residence and workshop.
76
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
Code Enforcement Grant Program - This grant was awarded by the State of California Department of
Housing to purchase various equipment and contract services to improve current Code Enforcement staff
equipment, services to the community and staff safety. There are no matching funds required for this
grant.
Youth Enrichment Services Grant - The Youth Enrichment Services (YES) program is a three-year
operational grant addressing the delivery of programs and services to families with children ages 0-5. It
will focus on four main service areas at three new locations. Year 1 will focus on the Mulberry Learning
Center, Year 2-Lions East Community Center and Year 3-the proposed Etiwanda Learning Center. The
YES program is funded by the Children and Families Commission for San Bernardino County. The
current year's budget reflects funding for Year 2.
Target Literacy Grant - This fund is administered through a grant from Target Stores. The grant provided
supplemental funding for the City's Youth Enrichment Services (YES) program. The YES program
provides resources for families with children under 5 years of age. The Target Grant helped to provide
materials for the older siblings in those families between the ages of 6 – 10.
Drink, Drive, Lose Grant - This grant was awarded by the State of California Office of Traffic Safety to
provide supplementary funding for overtime costs incurred during sobriety checkpoints. The overall goal
of the project is to reduce the number of victims killed and injured as a result of alcohol-involved crashes.
Department of Homeland Security Grant - This grant from the State Homeland Security Grant Program is
administered by the San Bernardino County Office of Emergency Services. The grant is funded by the
Federal Department of Homeland Security. The funds will be utilized to purchase terrorism and weapons
of mass destruction (WMDs) response equipment and supplies in conjunction with an appropriate level of
training cost funding for national security. There are no matching funds required for this grant.
OTS Traffic Safety – This grant was awarded by the State of California Office of Traffic Safety to provide
supplementary funding for two motorcycle officers and related equipment for the Police Department.
Henderson/Wardman Drainage - The Henderson/Wardman Drainage fund is a developer impact fee
supported fund for the construction of storm drain improvements in the Henderson/Wardman drainage
area.
Integrated Waste Management – Established to account for AB939 recycling fee revenues from the City's
refuse haulers and can only be used for the City's Household Hazardous Waste Disposal program.
Assembly Bill 939 is a law that was passed by the State of California that mandates that all cities divert a
specified percentage of their solid waste from their landfills in accordance with established deadlines.
Federal Grant Fund – Dreier - Initially, this fund was established to account for a $50,000 grant from
Congressman David Dreier. The funds were used to begin the preliminary design process for a new
senior center facility in Central Park. During FY 2003/04, the grant was supplemented with an additional
$804,000 from Congressman Dreier which will be used in conjunction with other funds to construct the
new senior center facility in Central Park.
77
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
Prop. 42 Traffic Congestion Mitigation - This fund was established to account for gasoline sales tax
revenue received from the State of California for transportation purposes, including city and county street
and road repairs and maintenance. Proposition 42, a legislative constitutional amendment, permanently
dedicated revenues from this sales tax on gasoline to transportation infrastructure needs.
OTS Countdown Pedestrian Signals - This project utilizes State of California Office of Traffic Safety gran t
funds to obtain countdown pedestrian signals for installation at approximately 13 signalized intersections
(not on the Federal Aid Highway System). A portion of these funds may also be utilized by staff to attend
traffic and transportation related conferences.
Justice Assistance Grant - Two Justice Assistance Grants (JAG) were awarded to the Police Department
by the United States Department of Justice. The first was in 2005 in the amount of $30,833.00 to
purchase police related equipment and technology. The second JAG grant was awarded for the 2006 in
the amount of $19,514.00 this grant will be used to purchase 14 radar guns for the Police Department’s
traffic division. This fund accounts for the revenues and expenditures associated with the JAG grant s.
OTS 2005 State Seat Belt Grant - This fund was established to account for the revenues and
expenditures associated with the State of California’s Office of Traffic Safety (OTS) Seat Belt Compliance
Campaign grant. The grant provided funding for overtime for the Police Department to conduct a twenty-
one day seat belt enforcement operation.
Biane County Library Grant - The Biane County Library Grant fund consists of allocations received from
County Supervisor Paul Biane through County Supervisor discretionary funds. The allocations are used
for the enhancement of library services at Rancho Cucamonga Public Library, which are available to all
San Bernardino County residents. The amount varies from year to year, as does the specific project the
funds are contracted to provide.
Senior Transportation Service - Through funding from the County of San Bernardino/Department of Aging
and Adult Services, the Senior Transportation Program provides funding for the
continuation/enhancement of senior transportation services to homebound senior citizens in the
community. Specifically, the program will bring homebound seniors to the James L. Brulte Senior Center
(the Center) for the hot lunch program and will allow senior citizens to participate in classes, programs,
and other activities at the Center that they may not have been able to participate in due to transportation
needs. Funding provided by the County allows for the continuation of our current program, an expansion
of services, or the purchase of vehicles, depending upon City needs.
78
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Special Revenue Funds
(Continued)
Homeland Security Grant 2005 - The City was awarded a $147,776 grant from the State Homeland
Security Grant Program administered by the San Bernardino County Office of Emergency Services. The
grant is funded by the Federal Department of Homeland Security. The funds will be utilized to purchase
terrorism and weapons of mass destruction (WMD’s) response equipment and supplies in conjunction
with an appropriate level of training costs funding for national security. There are no matching funds
required for this grant.
Bicycle Transportation Account Grant - The State Bicycle Transportation Account Grant program
established an annual funding source for bicycle projects throughout the state of California. This State
money only recurs if an entity reapplies for the funds. The City is using these grant funds to construct the
Pacific Electric Trail.
Hazard Mitigation Grant Program - This grant program established a Federal funding source to assist
state and local communities in implementing long-term hazard mitigation measures following a major
disaster. These funds are not recurring; this is for a particular project to aid in the rehab efforts following
the Grand Prix fire. This money is only obtained if applied for, and used only for projects resulting from
natural disasters. This is Federal FEMA funding.
Fire District – Established to account for the revenue and disbursement of funds received by the Rancho
Cucamonga Fire Protection District in the course of that agency’s fire protection services.
Drainage Facilities - 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.
Proposition 1B - Proposition 1B (Prop 1B) provides state funding to cities and counties to fund the
maintenance and improvement of local transportation facilities. The funding is allocated based on
population.
Public Resource Grants - The City had received and will continue to receive from various funding sources
for the Healthy Cities concept, which was adopted by the Council in March 2008, as a means of
integrating health concerns into a holistic approach to improving the overall quality of life in the
community.”
The Big Read Library Grant - In April of 2007, the City received a grant from the National Endowment for
the Arts to participate in a program called “The Big Read”. The program, which included a $20,000 cash
grant from the NEA, would promote a community wide read of the book “To Kill a Mockingbird”. The
program, emphasizing a city wide media campaign featured guest lectures, group discussions, film
showings, and a community theater performance of the book.
79
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Capital Projects Funds
Assessment District 82-1 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 Assessment
District No. 84-1 (Day Creek Drainage System). Financing was provided by the sale of bonds under the
Mello-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 (Alta Loma
Channel Improvement). Financing was provided by sale of bonds under the 1915 Improvement Act
Bonds.
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.
Regional Choice Transit Capital Improvement - The Regional Choice Transit Capital grant is a federal
grant funding source administered by the State of California and passed through to the San Bernardino
Associated Governments (SANBAG). The grant is part of the Intermodal Surface Transportation
Efficiency Act (ISTEA). Funds received by the City from SANBAG will be used to construct Phase 2 of
the Metrolink Station.
Community Facilities District 2000-01 South Etiwanda – Established to account for the receipt and
disbursement of funds used in the acquisition and construction of facilities consisting primarily of storm
drain, sewer, water, landscaping, park facilities and improvements. Financing was provided by the sale of
bonds under the Mello-Roos Community Facilities Act of 1982.
Community Facilities District 2000-02 Rancho Cucamonga Corporate Park - Established to account for
the receipt and disbursement of funds used in the acquisition and construction of facilities consisting
primarily of improvements to Milliken Avenue, Arrow Route, and Foothill Boulevard, and water and sewer
improvements to be acquired and operated by Cucamonga County Water District. Financing was
provided by the sale of bonds under the Mello-Roos Community Facilities Act of 1982.
Community Facilities District 2000-03 Rancho Summit – Established to account for monies deposited by
developers for initial consulting and administrative costs and expenses related to a proposed public
financing district.
Community Facilities District 2001-01 - This CFD was established to fund the necessary infrastructure
(streets, storm drains, sewer, water, landscaping, and traffic signals) integral to the proposed mall located
at Foothill Blvd. and the I-15 Freeway. The improvements are located south of Base Line Rd., primarily
north of Foothill Blvd., primarily east of Day Creek Channel, and west of Etiwanda Ave. Financing was
provided by the sale of bonds under the Mello-Roos Community Facilities Act of 1982.
80
CITY OF RANCHO CUCAMONGA
Non-Major Governmental Funds
Capital Projects Funds
(Continued)
Community Facilities 2003-01 Project Fund – This CFD was established to fund the necessary
infrastructure (streets, storm drains, sewer, water, landscaping, and traffic signals) integral to the
proposed mall located at Foothill Blvd. and the I-15 Freeway. The improvements are generally bordered
on the north by Church Street, on the east by Interstate 15, on the south by Arrow Route and on the west
by a Southern California Edison easement from Arrow Route north to Foothill Boulevard and by Day
Creek Boulevard from Foothill Boulevard north to Church Street. Financing will be provided by the sale
of bonds under the Mello-Roos Community Facilities Act of 1982.
Public Library Bond Act 2000 – This grant is from funds made available by the California Reading and
Literacy Improvement and Public Library Construction and Renovation Bond Act of 2000 for the
construction of the Victoria Gardens Library.
Proposition 12 - Park Bond Act – The Block Grant Program funds are for the acquisition and/or
development of high priority projects that satisfy the most urgent park and recreation needs, with
emphasis on unmet needs in the most heavily populated and more economically disadvantaged areas
within each jurisdiction. These funds are allocated on the basis of population. The Program requires a
minimum local match of 30% and will be used for the development of Central Park. The Per Capita
Program is intended to meet the urgent need for safe, open and accessible local park and recreational
facilities for increased recreational opportunities that provide positive alternatives to social problems.
These funds are allocated on the basis of population. There are no matching requirements under this
Program.
Proposition 40 - Park Bond Act - Establishes the California Clean Water, Clean Air, Safe Neighborhood
Parks, and Coastal Protection Act of 2002 to maintain a high quality of life for California's growing
population by continuing to invest in parks and recreation facilities, as well as protect the state's natural
and historical resources. These funds will be used for the development of Central Park.
Community Facilities District 2004-01 Rancho Etiwanda – Established to account for monies deposited by
developers for initial consulting and administrative costs and expenses related to the proposed public
financing district. Financing was provided by the sale of bonds under the Mello-Roos Community
Facilities Act of 1982.
Community Facilities District 2003-01 Cultural Center - Established to account for the portion of the costs
associated with the development of the City's Cultural Arts Center that is being funded by Community
Facilities District (CFD) 2003-01. Financing for the CFD will be provided by the sale of bonds under the
Mello-Roos Community Facilities Act of 1982.
Community Facilities District 2006-01 Vintner’s Grove - Established to account for monies deposited by
developers for initial consulting and administrative costs and expenses related to a proposed public
financing district.
Community Facilities District 2006-02 Amador on Route 66 - Established to account for monies deposited
by developers for initial consulting and administrative costs and expenses related to a proposed public
financing district.
81
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments 1,240,747$ 6,321$ 2,818,485$ 14,523,235$
Receivables:
Accounts 1,017,099 - 90,962 23,673
Taxes - - - 19
Accrued interest 1,641 8 3,486 14,968
Deferred loans - - - -
Grants - - - -
Prepaid costs - - - -
Due from other funds - - - -
Restricted assets:
Cash and investments with fiscal agents - - - -
Total Assets 2,259,487$ 6,329$ 2,912,933$ 14,561,895$
Liabilities and Fund Balances:
Liabilities:
Accounts payable 122,197$ -$ -$ 1,725,736$
Special Revenue Funds
Gas Tax SB 325 Recreation
Park
Development
Accrued liabilities 21,109 - 51,913 1,574
Deferred revenues - - - -
Unearned revenues - - 393,655 1,095
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - - - -
Advances from other funds - - - 300,000
Total Liabilities 143,306 - 445,568 2,028,405
Fund Balances:
Reserved:
Reserved for encumbrances 7,193 - - 5,228,238
Reserved for prepaid costs - - - -
Reserved for land acquisition - - - -
Reserved for capital projects - - - 2,221,600
Reserved for vehicle and equipment replacement 1,359,860 - - -
Reserved for radio system acquisition - - - -
Unreserved:
Designated for working capital - - - -
Designated for capital improvement projects - - - -
Designated for employee leave payouts - - - -
Designated for contract development services - - - -
Designated for C & D waste programs - - - -
Designated for unrealized gain on investments 2,421 12 5,488 28,336
Undesignated 746,707 6,317 2,461,877 5,055,316
Total Fund Balances 2,116,181 6,329 2,467,365 12,533,490
Total Liabilities and Fund Balances 2,259,487$ 6,329$ 2,912,933$ 14,561,895$
82
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
2,148,276$ 6,315,783$ 12,799,392$ 19,575,828$
- - 5,866 171,172
- 36,209 155,228 -
2,915 8,488 17,519 26,139
- - - -
- - - -
- - - -
- - - -
- - - -
2,151,191$ 6,360,480$ 12,978,005$ 19,773,139$
293,471$ 119,691$ 903,653$ 335,396$
Special Revenue Funds
Beautification
Lighting
Districts
Landscape
Maintenance
Districts Transportation
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- 6,315 41,784 12,917
- - - -
93,407 - - -
- - - -
- - - -
- 17,263 - -
- - - -
386,878 143,269 945,437 348,313
420,187 - 744,093 4,294,963
- - - -
- - - -
554,470 5,382,676 5,289,658 7,762,000
- - - -
- - - -
- 822,180 5,973,841 -
- - - -
- - - -
- - - -
- - - -
4,191 12,355 24,976 38,193
785,465 - - 7,329,670
1,764,313 6,217,211 12,032,568 19,424,826
2,151,191$ 6,360,480$ 12,978,005$ 19,773,139$
83
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
-$ -$ -$ 1,012,635$
- - - 46
- - - -
- - - 1,338
- - 414,480 -
- 973,289 480,494 -
- - - -
- - - -
- - - -
-$ 973,289$ 894,974$ 1,014,019$
-$ 4,271$ 29,127$ 9,242$
Pedestrian
Grant
Transportation
Enhancement
Act
Community
Development
Block Grant
Assessment
Administration
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - 4,413 8,266
- 973,289 50,000 -
- - - -
- - - -
- - 414,480 -
- 969,019 423,896 -
- - - -
- 1,946,579 921,916 17,508
14,841 45,307 83,255 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 1,976
(14,841) (1,018,597) (110,197) 994,535
- (973,290) (26,942) 996,511
-$ 973,289$ 894,974$ 1,014,019$
84
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
1,073,803$ 36,691$ 441,554$ 17,588$
- - - -
- - - -
1,425 - 771 23
- - - -
- - 203,785 -
- - - -
- - - -
- - - -
1,075,228$ 36,691$ 646,110$ 17,611$
-$ -$ 480$ -$
San Sevaine/
Etiwanda
Drainage SB 140
Air Quality
Improvement
South
Etiwanda
Drainage
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - 667 -
- - 150,000 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 151,147 -
- - 1,500 -
- - - -
- - - -
- - 56,800 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
2,095 72 861 34
1,073,133 36,619 435,802 17,577
1,075,228 36,691 494,963 17,611
1,075,228$ 36,691$ 646,110$ 17,611$
85
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
555,414$ 8,169$ 5,677,268$ 5,406,687$
- - 295,276 31,314
- - - 160,656
736 11 7,528 5,802
- - - -
- - - -
- - - -
- - - -
- 288,617 - -
556,150$ 296,797$ 5,980,072$ 5,604,459$
-$ -$ 188,549$ 58,769$
Lower
Etiwanda
Drainage
Masi
Commerce
Center Measure I
Library
Services
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - 4,602 35,913
- - - -
- - 151,090 -
- - - -
- - - -
- - - -
- - - -
- - 344,241 94,682
2,312 - 1,539,788 8,775
- - - -
- - - -
5,000 - 2,713,000 -
- - - -
- - - -
- - - 224,470
- - - -
- - - -
- - - -
- - - -
1,084 16 11,077 10,531
547,754 296,781 1,371,966 5,266,001
556,150 296,797 5,635,831 5,509,777
556,150$ 296,797$ 5,980,072$ 5,604,459$
86
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
22,206$ -$ -$ -$
- - - -
- - - -
6 - - -
- - - -
- - - -
- - - -
- - - -
- - - -
22,212$ -$ -$ -$
-$ 184$ -$ -$
Metrolink
California
Literacy
Program
Families for
Literacy Grant
Major Urban
Resource
Library Grant
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- 1,311 - -
- - - -
- - - -
- - - -
- - - -
- 34,023 - -
- - - -
- 35,518 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
44 - - -
22,168 (35,518) - -
22,212 (35,518) - -
22,212$ -$ -$ -$
87
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
15,781$ 3,723$ 231,721$ -$
- - - -
- - - -
- 5 320 -
- - - -
- - - -
- - 29,334 -
- - - -
- - - -
15,781$ 3,728$ 261,375$ -$
-$ -$ -$ -$
Used Oil
Recycling
Grant
Local Law
Enforcement
Block Grant
COPS
Program Grant
California Law
Enforcement
Program
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
15,781 - - -
- - - -
- - - -
- - - -
- - - -
15,781 - - -
- - - -
- - 29,334 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 452 -
- 3,728 231,589 -
- 3,728 261,375 -
15,781$ 3,728$ 261,375$ -$
88
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
-$ -$ -$ 19,665$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
-$ -$ -$ 19,665$
-$ -$ -$ 246$
COPS in
School Grant
Adult
Education Act
Grant
Senior
Outreach
Grant
Library
Services &
Technologies
Act
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
- - - 12,381
- - - -
- - - -
45,837 - - -
- - - -
45,837 - - 12,627
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 38
(45,837) - - 7,000
(45,837) - - 7,038
-$ -$ -$ 19,665$
89
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
-$ 29,021$ -$ 4,099$
- - - -
- - - -
- - - 5
- - - -
- - - -
- - - -
- - - -
- - - -
-$ 29,021$ -$ 4,104$
-$ 2,506$ -$ -$
Special Revenue Funds
AB 2928
Traffic
Congestion
Relief
Litter
Reduction
Grant
Teen
Connection
Program Grant
Signal
Coordination
Grant
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
- 26,515 - 4,104
- - - -
- - - -
532 - - -
- - - -
532 29,021 - 4,104
- 12,141 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(532) (12,141) - -
(532) - - -
-$ 29,021$ -$ 4,104$
90
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
-$ -$ -$ 32$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
-$ -$ -$ 32$
-$ -$ -$ -$
Special Revenue Funds
Teen
Connection
State Grant
Conservation
Bond Act
Safe Routes to
School
Program
Congestion
Mitigation
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 32
- - - 32
-$ -$ -$ 32$
91
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
286,065$ -$ -$ 3,873$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
286,065$ -$ -$ 3,873$
1,000$ -$ -$ -$
Foothill Blvd.
Maintenance
Milliken Land
Transaction
MWD City
Makeover
Program Grant
Code
Enforcement
Grant Program
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
362 - - -
- - - -
- - - 3,873
- - - -
- - - -
- - - -
- - - -
1,362 - - 3,873
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
558 - - -
284,145 - - -
284,703 - - -
286,065$ -$ -$ 3,873$
92
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
23,135$ -$ 15,381$ -$
12 - - -
- - - -
- - 20 -
- - - -
- - - 6,658
- - - -
- - - -
- - - -
23,147$ -$ 15,401$ 6,658$
-$ -$ -$ -$
Special Revenue Funds
Youth
Enrichment
Grant Program
Target
Literacy Grant
Drink, Drive,
Lose Grant
Department of
Homeland
Security Grant
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
23,147 - 15,401 6,658
- - - -
- - - -
- - - 6,658
- - - -
23,147 - 15,401 13,316
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - (6,658)
- - - (6,658)
23,147$ -$ 15,401$ 6,658$
93
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
-$ 809,644$ 3,056,584$ 13,571$
- - 2,298 -
- - 23,980 -
- - 3,916 -
- - - -
- - - -
- - - -
- - - -
- - - -
-$ 809,644$ 3,086,778$ 13,571$
-$ -$ 2,109$ 13,545$
OTS Traffic
Safety
Henderson/
Wardman
Drainage
Integrated
Waste
Management
Federal Grant
Fund - Dreier
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - 9,460 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 11,569 13,545
- - 15,527 -
- - - -
- - - -
- - 200,000 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 77,694 -
- 1,580 5,964 26
- 808,064 2,776,024 -
- 809,644 3,075,209 26
-$ 809,644$ 3,086,778$ 13,571$
94
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
1,495,342$ 21$ 16,370$ -$
- - - -
- - - -
1,986 - 30 -
- - - -
- - - 4,684
- - - -
- - - -
- - - -
1,497,328$ 21$ 16,400$ 4,684$
-$ -$ -$ -$
Proposition 42
- Traffic
Congestion
Relief
OTS
Countdown
Pedestrian
Signals
Justice
Assistance
Grant
OTS 2005
State Seat Belt
Grant
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - 4,684
- 21 16,400 -
- - - -
- - - -
- - - 4,684
- - - -
- 21 16,400 9,368
1,056,959 - - -
- - - -
- - - -
440,369 - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - (4,684)
1,497,328 - - (4,684)
1,497,328$ 21$ 16,400$ 4,684$
95
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
-$ 243,803$ -$ -$
- - - -
- - - -
- 323 - -
- - - -
7,873 - 114,023 69,088
- - - -
- - - -
- - - -
7,873$ 244,126$ 114,023$ 69,088$
-$ 21,107$ -$ -$
Special Revenue Funds
Biane County
Library Grant
Senior
Transportation
Service
Homeland
Security Grant
2005
Bicycle
Transportation
Acct. Grant
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
7,873 - - 25,200
- 223,019 15,151 -
- - - -
- - - -
7,873 - 114,023 69,212
- - - -
15,746 244,126 129,174 94,412
- - 2,000 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(7,873) - (17,151) (25,324)
(7,873) - (15,151) (25,324)
7,873$ 244,126$ 114,023$ 69,088$
96
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
-$ 14,094,201$ 8,004,015$ 2,822,869$
- 440,342 - -
- 888,501 - -
- 80,895 9,035 3,748
- - - -
- - - -
- 6,664 - -
- - - -
- - - -
-$ 15,510,603$ 8,013,050$ 2,826,617$
-$ 244,053$ 16,571$ -$
Hazard
Mitigation
Grant Program Fire District
Drainage
Facilities
Proposition
1B
Special Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- 710,910 698 -
- - - -
- - 5,102 2,771,827
- - - -
- - - -
- - - -
- - - -
- 954,963 22,371 2,771,827
- 539,099 3,004,404 -
- 6,664 - -
- 1,364,544 - -
- - 1,011,000 54,790
- 3,895,109 - -
- 150,000 - -
- 2,170,143 - -
- 3,300,000 - -
- 2,148,982 - -
- 981,099 - -
- - - -
- - 15,689 -
- - 3,959,586 -
- 14,555,640 7,990,679 54,790
-$ 15,510,603$ 8,013,050$ 2,826,617$
97
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
33,065$ 4,483$ 11,507$ 982,082$
- - - -
- - - -
- - 15 1,304
- - - -
- - - -
- - - -
- - - -
- - - -
33,065$ 4,483$ 11,522$ 983,386$
-$ 11$ -$ -$
Public
Resource
Grants
The Big Read
Library Grant
Assessment
District 82-1
Assessment
District 84-1
Capital Projects FundsSpecial Revenue Funds
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
33,000 - - -
- - - -
- - - -
- - - -
- - - -
33,000 11 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
65 9 23 1,916
- 4,463 11,499 981,470
65 4,472 11,522 983,386
33,065$ 4,483$ 11,522$ 983,386$
98
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
76$ -$ -$ -$
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 91,239
76$ -$ -$ 91,239$
-$ -$ -$ -$
Capital Projects Funds
Assessment
District 84-2
Assessment
District 86-2
Regional
Choice Transit
Capital
Improvement
CFD 2000-01
South
Etiwanda
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
- - - -
3,864 - - -
- - - -
- 41,128 - -
- - - -
3,864 41,128 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(3,788) (41,128) - 91,239
(3,788) (41,128) - 91,239
76$ -$ -$ 91,239$
99
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
-$ 19,124$ 433,146$ 5,592$
- - - 99,635
- - - -
- - 575 -
- - - -
- - - -
- - - -
- - - -
576,536 4,530,635 18,030 168,324
576,536$ 4,549,759$ 451,751$ 273,551$
-$ -$ -$ 26,019$
Capital Projects Funds
CFD 2000-02
Rancho
Cucamonga
Corporate Park
CFD 2000-03
Rancho
Summit CFD 2001-01
CFD 2003-01
Project Fund
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
- - - -
- - - -
- - - -
- - - -
22,730 - - -
- - 2,560,408 1,393,216
22,730 - 2,560,408 1,419,235
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 37 - -
553,806 4,549,722 (2,108,657) (1,145,684)
553,806 4,549,759 (2,108,657) (1,145,684)
576,536$ 4,549,759$ 451,751$ 273,551$
100
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
(Continued)
-$ 13,763$ -$ -$
- - - -
- - - -
- - - 5
- - - -
1,316,259 - - -
- - - -
244,994 - - -
- - - 1,610,626
1,561,253$ 13,763$ -$ 1,610,631$
6,128$ -$ -$ -$
Capital Projects Funds
Public
Library Bond
Act - 2000
Proposition 12
- Park Bond
Act
Proposition 40 -
Park Bond Act
CFD 2004-01
Rancho
Etiwanda
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - -
1,316,258 - - -
- - - -
- - - -
- - - -
1,555,124 - - 30,138
- - - -
2,877,510 - - 30,138
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 27 - 7
(1,316,257) 13,736 - 1,580,486
(1,316,257) 13,763 - 1,580,493
1,561,253$ 13,763$ -$ 1,610,631$
101
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other funds
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities and Fund Balances:
Liabilities:
Accounts payable
Total Nonmajor
Governmental
Funds
1,463$ 1,673$ 5,323$ 106,380,295$
- - - 2,177,695
- - - 1,264,593
- 2 7 194,995
- - - 414,480
- - - 3,176,153
- - - 35,998
- - - 244,994
220,199 3,512,041 1,176,290 12,192,537
221,662$ 3,513,716$ 1,181,620$ 126,081,740$
11,188$ -$ -$ 4,135,249$
Capital Projects Funds
CFD 2003-01
Cultural
Center
CFD 2006-01
Vintner's
Grove
CFD 2006-02
Amador on
Route 66
Accrued liabilities
Deferred revenues
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Fund Balances:
Reserved:
Reserved for encumbrances
Reserved for prepaid costs
Reserved for land acquisition
Reserved for capital projects
Reserved for vehicle and equipment replacement
Reserved for radio system acquisition
Unreserved:
Designated for working capital
Designated for capital improvement projects
Designated for employee leave payouts
Designated for contract development services
Designated for C & D waste programs
Designated for unrealized gain on investments
Undesignated
Total Fund Balances
Total Liabilities and Fund Balances
- - - 912,214
- - - 2,527,304
- - - 3,811,627
- - - 3,864
- - - 414,480
- - - 3,342,140
- - - 4,253,624
11,188 - - 19,400,502
8,565 - - 17,029,147
- - - 35,998
- - - 1,364,544
201,909 - - 25,893,272
- - - 5,254,969
- - - 150,000
- - - 9,190,634
- - - 3,300,000
- - - 2,148,982
- - - 981,099
- - - 77,694
- 3 10 170,166
- 3,513,713 1,181,610 41,084,733
210,474 3,513,716 1,181,620 106,681,238
221,662$ 3,513,716$ 1,181,620$ 126,081,740$
102
THIS PAGE INTENTIONALLY LEFT BLANK
103
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes -$ -$ -$ -$
Licenses and permits - - - -
Intergovernmental 3,024,851 - - -
Charges for services - - 3,138,739 7,971
Use of money and property 90,976 332 930,780 700,113
Fines and forfeitures - - - -
Contributions - - 269,823 -
Developer participation - - - 747,922
Miscellaneous - - 93,771 -
Total Revenues 3,115,827 332 4,433,113 1,456,006
Expenditures:
Current:
General government - - - -
Public safety - police - - - -
Special Revenue Funds
Gas Tax SB 325 Recreation
Park
Development
Public safety - fire protection - - - -
Community development - - - 403,345
Community services - - 4,441,225 -
Engineering and public works 3,215,339 - - -
Capital outlay 186,818 - - 5,265,167
Debt service:
Principal retirement 16,718 - - -
Interest and fiscal charges 3,137 - - -
Total Expenditures 3,422,012 - 4,441,225 5,668,512
Excess (Deficiency) of Revenues
Over (Under) Expenditures (306,185) 332 (8,112) (4,212,506)
Other Financing Sources (Uses):
Transfers in - - 25,000 3,587,550
Transfers out - - (551) -
Total Other Financing Sources
(Uses)- - 24,449 3,587,550
Net Change in Fund Balances (306,185)$ 332$ 16,337$ (624,956)$
Fund Balances
Beginning of year, as originally reported 2,422,366$ 5,997$ 2,451,028$ 13,158,446$
Restatements - - - -
Beginning of year, as restated 2,422,366 5,997 2,451,028 13,158,446
Net Change in Fund Balances (306,185) 332 16,337 (624,956)
End of Year 2,116,181$ 6,329$ 2,467,365$ 12,533,490$
104
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ 2,209,885$ 8,986,259$ -$
- - - -
250,000 - - 217,638
- - - 2,150
138,381 303,180 628,046 1,137,836
- - - -
- - - -
127,952 1,798 - 2,284,958
- - 20,675 -
516,333 2,514,863 9,634,980 3,642,582
- 1,593,413 - -
- - - -
Special Revenue Funds
Beautification
Lighting
Districts
Landscape
Maintenance
Districts Transportation
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - 9,466,975 -
- - - -
274,408 - - 2,532,203
998,568 - 391,031 3,938,244
- - - -
- - - -
1,272,976 1,593,413 9,858,006 6,470,447
(756,643) 921,450 (223,026) (2,827,865)
- - - -
- - - -
- - - -
(756,643)$ 921,450$ (223,026)$ (2,827,865)$
2,520,956$ 5,295,761$ 12,255,594$ 22,252,691$
- - - -
2,520,956 5,295,761 12,255,594 22,252,691
(756,643) 921,450 (223,026) (2,827,865)
1,764,313$ 6,217,211$ 12,032,568$ 19,424,826$
105
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
954,537 3,580,019 1,154,573 -
- - - -
- 3,713 - 44,529
- - - -
- - - -
- - - -
- - 42,346 838,978
954,537 3,583,732 1,196,919 883,507
- - - 738,420
- - - -
Special Revenue Funds
Pedestrian
Grant
Transportation
Enhancement
Act
Community
Development
Block Grant
Assessment
Administration
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - 886,532 -
- - - -
- - - -
126,755 1,472,827 300,000 -
- - - -
- - - -
126,755 1,472,827 1,186,532 738,420
827,782 2,110,905 10,387 145,087
- - - -
- - - -
- - - -
827,782$ 2,110,905$ 10,387$ 145,087$
(827,782)$ (3,084,195)$ (37,329)$ 851,424$
- - - -
(827,782) (3,084,195) (37,329) 851,424
827,782 2,110,905 10,387 145,087
-$ (973,290)$ (26,942)$ 996,511$
106
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - 205,826 -
- - - -
87,428 316 27,517 920
- - - -
- - - -
56,004 - - -
- - - -
143,432 316 233,343 920
- - 91,766 -
- - - -
Special Revenue Funds
San Sevaine/
Etiwanda
Drainage SB 140
Air Quality
Improvement
South
Etiwanda
Drainage
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
15,000 - - -
1,181,405 - 150,000 -
- - - -
- - - -
1,196,405 - 241,766 -
(1,052,973) 316 (8,423) 920
- - - -
- - - -
- - - -
(1,052,973)$ 316$ (8,423)$ 920$
2,128,201$ 36,375$ 503,386$ 16,691$
- - - -
2,128,201 36,375 503,386 16,691
(1,052,973) 316 (8,423) 920
1,075,228$ 36,691$ 494,963$ 17,611$
107
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ 3,838,311$
- - - -
- - 2,492,702 21,127
- - - 336,253
59,088 9,164 367,072 213,974
- - - -
- - - 179,414
- - - -
- - - 100,070
59,088 9,164 2,859,774 4,689,149
- - - -
- - - -
Lower
Etiwanda
Drainage
Masi
Commerce
Center Measure I
Library
Services
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - 3,851,963
- - 1,088,371 -
995,480 - 3,255,684 9,289
- - - -
- - - -
995,480 - 4,344,055 3,861,252
(936,392) 9,164 (1,484,281) 827,897
- - - 13,808
- - - (45,161)
- - - (31,353)
(936,392)$ 9,164$ (1,484,281)$ 796,544$
1,492,542$ 287,633$ 7,120,112$ 4,713,233$
- - - -
1,492,542 287,633 7,120,112 4,713,233
(936,392) 9,164 (1,484,281) 796,544
556,150$ 296,797$ 5,635,831$ 5,509,777$
108
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- 31,060 - -
- - - -
594 - 71 14
- - - -
- 12,000 - -
- - - -
- - - -
594 43,060 71 14
- - - -
- - - -
Metrolink
California
Literacy
Program
Families for
Literacy Grant
Major Urban
Resource
Library Grant
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- 91,767 - -
- - - -
19,723 - - -
- - - -
- - - -
19,723 91,767 - -
(19,129) (48,707) 71 14
- 45,160 - -
(1,629) - (8,735) (3,260)
(1,629) 45,160 (8,735) (3,260)
(20,758)$ (3,547)$ (8,664)$ (3,246)$
42,970$ (31,971)$ 8,664$ 3,246$
- - - -
42,970 (31,971) 8,664 3,246
(20,758) (3,547) (8,664) (3,246)
22,212$ (35,518)$ -$ -$
109
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
31,545 - 336,359 -
- - - -
31 167 8,455 5
- - - -
- - - -
- - - -
- - - -
31,576 167 344,814 5
- - - -
- - 296,230 -
Used Oil
Recycling
Grant
Local Law
Enforcement
Block Grant
COPS
Program Grant
California Law
Enforcement
Program
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 296,230 -
31,576 167 48,584 5
- - - -
- - - (165)
- - - (165)
31,576$ 167$ 48,584$ (160)$
(31,576)$ 3,561$ 212,791$ 160$
- - - -
(31,576) 3,561 212,791 160
31,576 167 48,584 (160)
-$ 3,728$ 261,375$ -$
110
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - - 5,000
- - - -
- - 14 160
- - - -
- - - -
- - - -
- - - -
- - 14 5,160
- - - -
- - - -
COPS in
School Grant
Adult
Education Act
Grant
Senior
Outreach Grant
Library
Services &
Technologies
Act
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - 5,018
- - - -
- - - -
- - - -
- - - -
- - - 5,018
- - 14 142
- - - -
- (1,813) (3,387) -
- (1,813) (3,387) -
-$ (1,813)$ (3,373)$ 142$
(45,837)$ 1,813$ 3,373$ 19,277$
- - - (12,381)
(45,837) 1,813 3,373 6,896
- (1,813) (3,373) 142
(45,837)$ -$ -$ 7,038$
111
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- - - -
- - - -
155 138 17 848
- - - -
- - - -
- - - -
- - - -
155 138 17 848
- - - -
- - - -
AB 2928
Traffic
Congestion
Relief
Litter
Reduction
Grant
Teen
Connection
Program Grant
Signal
Coordination
Grant
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- 31,837 - -
11,793 - - 11,077
- - - -
- - - -
11,793 31,837 - 11,077
(11,638) (31,699) 17 (10,229)
- - - -
- - (503) -
- - (503) -
(11,638)$ (31,699)$ (486)$ (10,229)$
11,106$ 58,214$ 486$ 14,333$
- (26,515) - (4,104)
11,106 31,699 486 10,229
(11,638) (31,699) (486) (10,229)
(532)$ -$ -$ -$
112
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - 16,830 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 16,830 -
- - - -
- - - -
Teen
Connection
State Grant
Conservation
Bond Act
Safe Routes to
School
Program
Congestion
Mitigation
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 16,830 -
- - - -
(854) (185) - -
(854) (185) - -
(854)$ (185)$ 16,830$ -$
854$ 185$ (20,806)$ 32$
- - 3,976 -
854 185 (16,830) 32
(854) (185) 16,830 -
-$ -$ -$ 32$
113
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- - - -
- - - -
2,846 - 2 21
- - - -
- - - -
- - - -
- - - -
2,846 - 2 21
- - - -
- - - -
Special Revenue Funds
Foothill Blvd.
Maintenance
Milliken Land
Transaction
MWD City
Makeover
Program Grant
Code
Enforcement
Grant Program
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
48,339 - - -
- - - -
- - - -
- - - -
48,339 - - -
(45,493) - 2 21
- 4,243 - -
- - (64) -
- 4,243 (64) -
(45,493)$ 4,243$ (62)$ 21$
330,196$ (4,243)$ 62$ 3,852$
- - - (3,873)
330,196 (4,243) 62 (21)
(45,493) 4,243 (62) 21
284,703$ -$ -$ -$
114
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - 4,996 23,892
- - - -
194 112 604 -
- - - -
- - - -
- - - -
671 - - -
865 112 5,600 23,892
- - - -
- - - -
Special Revenue Funds
Youth
Enrichment
Grant Program
Target
Literacy Grant
Drink, Drive,
Lose Grant
Department of
Homeland
Security Grant
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - 4,817
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 4,817
865 112 5,600 19,075
- - - -
- (3,023) - -
- (3,023) - -
865$ (2,911)$ 5,600$ 19,075$
22,282$ 2,911$ 9,801$ (19,075)$
(23,147) - (15,401) (6,658)
(865) 2,911 (5,600) (25,733)
865 (2,911) 5,600 19,075
-$ -$ -$ (6,658)$
115
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- - - -
- - 1,142,126 -
- 7,131 141,125 107
- - - -
- - - -
- - - -
- - - -
- 7,131 1,283,251 107
- - - -
- - - -
Special Revenue Funds
OTS Traffic
Safety
Henderson/
Wardman
Drainage
Integrated
Waste
Management
Federal Grant
Fund - Dreier
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - 720,809 -
- - - -
- - - -
- - - -
- - 720,809 -
- 7,131 562,442 107
- - 47,694 -
- - - -
- - 47,694 -
-$ 7,131$ 610,136$ 107$
(37,837)$ 802,513$ 2,465,073$ (81)$
37,837 - - -
- 802,513 2,465,073 (81)
- 7,131 610,136 107
-$ 809,644$ 3,075,209$ 26$
116
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - 31,779 -
- - - -
106,080 - 1,148 (1,954)
- - - -
- - - -
- - - -
- - - -
106,080 - 32,927 (1,954)
- - - -
- - 17,814 4,684
Proposition 42
- Traffic
Congestion
Relief
OTS
Countdown
Pedestrian
Signals
Justice
Assistance
Grant
OTS 2005
State Seat Belt
Grant
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
1,797,757 - - -
- - - -
- - - -
1,797,757 - 17,814 4,684
(1,691,677) - 15,113 (6,638)
- - - -
- - - -
- - - -
(1,691,677)$ -$ 15,113$ (6,638)$
3,189,005$ 21$ 1,254$ 1,954$
- (21) (16,367) -
3,189,005 - (15,113) 1,954
(1,691,677) - 15,113 (6,638)
1,497,328$ -$ -$ (4,684)$
117
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- 102,297 129,750 270,688
- - - -
230 12,601 555 2
- - - -
- - - -
- - - -
- - - -
230 114,898 130,305 270,690
- - - -
- - 111,278 -
Biane County
Library Grant
Senior
Transportation
Service
Homeland
Security Grant
2005
Bicycle
Transportation
Acct. Grant
Special Revenue Funds
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- 116,017 - -
- - - -
- - 18,472 252,000
- - - -
- - - -
- 116,017 129,750 252,000
230 (1,119) 555 18,690
- - - -
- - - -
- - - -
230$ (1,119)$ 555$ 18,690$
(8,103)$ 1,119$ (555)$ (44,014)$
- - (15,151) -
(8,103) 1,119 (15,706) (44,014)
230 (1,119) 555 18,690
(7,873)$ -$ (15,151)$ (25,324)$
118
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ 21,486,488$ -$ -$
- 429,164 - -
114,675 - - -
- 446,456 - -
- 685,434 406,421 54,790
- 14,255 - -
- 2,310 - -
- - 726,989 -
- 77,374 - -
114,675 23,141,481 1,133,410 54,790
- - - -
- - - -
Special Revenue Funds
Hazard
Mitigation
Grant Program Fire District
Drainage
Facilities
Proposition
1B
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- 22,026,048 - -
- - - -
- - - -
- - 261,620 -
94,715 341,731 2,002,064 -
- - - -
- - - -
94,715 22,367,779 2,263,684 -
19,960 773,702 (1,130,274) 54,790
- 1,957,410 1,300,000 -
- - - -
- 1,957,410 1,300,000 -
19,960$ 2,731,112$ 169,726$ 54,790$
(19,960)$ 11,824,528$ 7,820,953$ -$
- - - -
(19,960) 11,824,528 7,820,953 -
19,960 2,731,112 169,726 54,790
-$ 14,555,640$ 7,990,679$ 54,790$
119
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- 20,000 - -
- - - -
65 9 598 51,776
- - - -
- 5,000 - -
- - - -
- - - -
65 25,009 598 51,776
- - - -
- - - -
Capital Projects FundsSpecial Revenue Funds
Public
Resource
Grants
The Big Read
Library Grant
Assessment
District 82-1
Assessment
District 84-1
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- 20,537 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 20,537 - -
65 4,472 598 51,776
- - - -
- - - -
- - - -
65$ 4,472$ 598$ 51,776$
-$ -$ 10,924$ 931,610$
- - - -
- - 10,924 931,610
65 4,472 598 51,776
65$ 4,472$ 11,522$ 983,386$
120
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
- - - -
- - - -
4 - - 3,333
- - - -
- - - -
- - - -
- - - -
4 - - 3,333
- - - -
- - - -
Capital Projects Funds
Assessment
District 84-2
Assessment
District 86-2
Regional
Choice Transit
Capital
Improvement
CFD 2000-01
South
Etiwanda
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
4 - - 3,333
- - - -
- - (3) -
- - (3) -
4$ -$ (3)$ 3,333$
(3,792)$ (41,128)$ 3$ 87,906$
- - - -
(3,792) (41,128) 3 87,906
4 - (3) 3,333
(3,788)$ (41,128)$ -$ 91,239$
121
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
-$ -$ -$ -$
- - - -
- - - -
- - - -
21,058 204,204 18,110 25,871
- - - -
- - - -
- - 203,793 -
- - - -
21,058 204,204 221,903 25,871
- - - -
- - - -
Capital Projects Funds
CFD 2000-02
Rancho
Cucamonga
Corporate Park
CFD 2000-03
Rancho
Summit CFD 2001-01
CFD 2003-01
Project Fund
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
- 2,839,688 - -
- - - -
- - - -
- 2,839,688 - -
21,058 (2,635,484) 221,903 25,871
- - - -
- - - -
- - - -
21,058$ (2,635,484)$ 221,903$ 25,871$
532,748$ 7,185,243$ (2,330,560)$ (1,171,555)$
- - - -
532,748 7,185,243 (2,330,560) (1,171,555)
21,058 (2,635,484) 221,903 25,871
553,806$ 4,549,759$ (2,108,657)$ (1,145,684)$
122
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
(Continued)
-$ -$ -$ -$
- - - -
1,102,163 - - -
- - - -
- 108 - 141,276
- - - -
- - - -
- - - -
- - - 351
1,102,163 108 - 141,627
- - - -
- - - -
Capital Projects Funds
Public Library
Bond Act -
2000
Proposition 12 -
Park Bond Act
Proposition 40
- Park Bond
Act
CFD 2004-01
Rancho
Etiwanda
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - -
- - - -
- - - -
- - - -
- - - 4,118,056
- - - -
- - - -
- - - 4,118,056
1,102,163 108 - (3,976,429)
- - 5 -
- - - -
- - 5 -
1,102,163$ 108$ 5$ (3,976,429)$
(2,418,420)$ 13,655$ (5)$ 5,556,922$
- - - -
(2,418,420) 13,655 (5) 5,556,922
1,102,163 108 5 (3,976,429)
(1,316,257)$ 13,763$ -$ 1,580,493$
123
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES
IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2008
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Total Nonmajor
Governmental
Funds
-$ -$ -$ 36,520,943$
- - - 429,164
- - - 14,122,307
- - - 5,073,695
15,600 183,795 86,466 6,923,756
- - - 14,255
- - - 468,547
- - - 4,149,416
- - - 1,174,236
15,600 183,795 86,466 68,876,319
- - - 2,423,599
- - - 430,006
Capital Projects Funds
CFD 2003-01
Cultural Center
CFD 2006-01
Vintner's
Grove
CFD 2006-02
Amador on
Route 66
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances
Beginning of year, as originally reported
Restatements
Beginning of year, as restated
Net Change in Fund Balances
End of Year
- - - 22,030,865
- - - 10,777,389
- - - 8,505,990
- - - 8,187,926
111,883 1,770,000 1,457,478 33,117,705
- - - 16,718
- - - 3,137
111,883 1,770,000 1,457,478 85,493,335
(96,283) (1,586,205) (1,371,012) (16,617,016)
- - - 6,980,870
- - - (69,333)
- - - 6,911,537
(96,283)$ (1,586,205)$ (1,371,012)$ (9,705,479)$
306,757$ 5,099,921$ 2,552,632$ 116,468,522$
- - - (81,805)
306,757 5,099,921 2,552,632 116,386,717
(96,283) (1,586,205) (1,371,012) (9,705,479)
210,474$ 3,513,716$ 1,181,620$ 106,681,238$
124
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
GAS TAX
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,422,366$ 2,422,366$ 2,422,366$ -$
Resources (Inflows):
Intergovernmental 2,819,710 3,106,110 3,024,851 (81,259)
Use of money and property 35,440 67,850 90,976 23,126
Amounts Available for Appropriation 5,277,516 5,596,326 5,538,193 (58,133)
Charges to Appropriation (Outflow):
Engineering and public works 3,454,160 3,806,180 3,217,608 588,572
Capital outlay 26,480 217,730 191,742 25,988
Debt service:
Principal retirement - - 16,718 (16,718)
Interest and fiscal charges - - 3,137 (3,137)
Total Charges to Appropriations 3,480,640 4,023,910 3,429,205 594,705
Budgetary Fund Balance, June 30 (Budgetary Basis) 1,796,876$ 1,572,416$ 2,108,988 536,572$
Encumbrances 7,193
Budgetary Fund Balance, June 30 (GAAP Basis)2,116,181$
125
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SB 325
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 5,997$ 5,997$ 5,997$ -$
Resources (Inflows):
Use of money and property 2,180 240 332 92
Amounts Available for Appropriation 8,177 6,237 6,329 92
Charges to Appropriation (Outflow):
Capital outlay 106,000 6,000 - 6,000
Total Charges to Appropriations 106,000 6,000 - 6,000
Budgetary Fund Balance, June 30 (Budgetary Basis)(97,823)$ 237$ 6,329 6,092$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)6,329$
126
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
RECREATION
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,451,028$ 2,451,028$ 2,451,028$ -$
Resources (Inflows):
Charges for services 3,086,750 3,139,640 3,138,739 (901)
Use of money and property 777,880 908,010 930,780 22,770
Contributions 390,790 328,220 269,823 (58,397)
Miscellaneous 47,400 98,400 93,771 (4,629)
Transfers in - 25,000 25,000 -
Amounts Available for Appropriation 6,753,848 6,950,298 6,909,141 (41,157)
Charges to Appropriation (Outflow):
Community services 4,739,650 4,817,630 4,441,225 376,405
Transfers out - - 551 (551)
Total Charges to Appropriations 4,739,650 4,817,630 4,441,776 375,854
Budgetary Fund Balance, June 30 (Budgetary Basis)2,014,198$ 2,132,668$ 2,467,365 334,697$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)2,467,365$
127
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
PARK DEVELOPMENT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 13,158,446$ 13,158,446$ 13,158,446$ -$
Resources (Inflows):
Charges for services - - 7,971 7,971
Use of money and property 145,480 525,660 700,113 174,453
Developer participation 700,000 600,000 747,922 147,922
Transfers in - 3,587,550 3,587,550 -
Amounts Available for Appropriation 14,003,926 17,871,656 18,202,002 330,346
Charges to Appropriation (Outflow):
Community development 293,700 474,670 460,415 14,255
Capital outlay 10,051,700 12,025,530 10,436,335 1,589,195
Total Charges to Appropriations 10,345,400 12,500,200 10,896,750 1,603,450
Budgetary Fund Balance, June 30 (Budgetary Basis)3,658,526$ 5,371,456$ 7,305,252 1,933,796$
Encumbrances 5,228,238
Budgetary Fund Balance, June 30 (GAAP Basis)12,533,490$
128
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
BEAUTIFICATION
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,520,956$ 2,520,956$ 2,520,956$ -$
Resources (Inflows):
Intergovernmental - 250,000 250,000 -
Use of money and property 66,110 106,500 138,381 31,881
Developer participation 165,000 95,000 127,952 32,952
Amounts Available for Appropriation 2,752,066 2,972,456 3,037,289 64,833
Charges to Appropriation (Outflow):
Engineering and public works 123,950 371,640 274,408 97,232
Capital outlay 1,301,600 1,765,450 1,418,755 346,695
Total Charges to Appropriations 1,425,550 2,137,090 1,693,163 443,927
Budgetary Fund Balance, June 30 (Budgetary Basis)1,326,516$ 835,366$ 1,344,126 508,760$
Encumbrances 420,187
Budgetary Fund Balance, June 30 (GAAP Basis)1,764,313$
129
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LIGHTING DISTRICTS
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 5,295,761$ 5,295,761$ 5,295,761$ -$
Resources (Inflows):
Taxes 2,214,440 2,104,900 2,209,885 104,985
Use of money and property 54,400 210,990 303,180 92,190
Developer participation 16,450 4,850 1,798 (3,052)
Amounts Available for Appropriation 7,581,051 7,616,501 7,810,624 194,123
Charges to Appropriation (Outflow):
General government 1,822,570 1,634,260 1,593,413 40,847
Total Charges to Appropriations 1,822,570 1,634,260 1,593,413 40,847
Budgetary Fund Balance, June 30 (Budgetary Basis)5,758,481$ 5,982,241$ 6,217,211 234,970$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)6,217,211$
130
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LANDSCAPE MAINTENANCE DISTRICTS
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 12,255,594$ 12,255,594$ 12,255,594$ -$
Resources (Inflows):
Taxes 8,917,580 8,538,580 8,986,259 447,679
Use of money and property 204,700 431,460 628,046 196,586
Miscellaneous 16,100 21,360 20,675 (685)
Amounts Available for Appropriation 21,393,974 21,246,994 21,890,574 643,580
Charges to Appropriation (Outflow):
Community development 11,051,420 10,736,250 9,474,234 1,262,016
Capital outlay 105,500 1,158,680 1,127,865 30,815
Total Charges to Appropriations 11,156,920 11,894,930 10,602,099 1,292,831
Budgetary Fund Balance, June 30 (Budgetary Basis)10,237,054$ 9,352,064$ 11,288,475 1,936,411$
Encumbrances 744,093
Budgetary Fund Balance, June 30 (GAAP Basis)12,032,568$
131
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
TRANSPORTATION
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 22,252,691$ 22,252,691$ 22,252,691$ -$
Resources (Inflows):
Intergovernmental - 139,450 217,638 78,188
Charges for services - - 2,150 2,150
Use of money and property 288,000 857,440 1,137,836 280,396
Developer participation 7,567,580 3,200,000 2,284,958 (915,042)
Amounts Available for Appropriation 30,108,271 26,449,581 25,895,273 (554,308)
Charges to Appropriation (Outflow):
Engineering and public works 2,693,630 3,022,160 2,603,228 418,932
Capital outlay 10,151,000 10,816,950 8,162,182 2,654,768
Total Charges to Appropriations 12,844,630 13,839,110 10,765,410 3,073,700
Budgetary Fund Balance, June 30 (Budgetary Basis)17,263,641$ 12,610,471$ 15,129,863 2,519,392$
Encumbrances 4,294,963
Budgetary Fund Balance, June 30 (GAAP Basis)19,424,826$
132
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
PEDESTRIAN GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (827,782)$ (827,782)$ (827,782)$ -$
Resources (Inflows):
Intergovernmental - 954,900 954,537 (363)
Amounts Available for Appropriation (827,782) 127,118 126,755 (363)
Charges to Appropriation (Outflow):
Capital outlay 1,990,000 238,000 141,596 96,404
Total Charges to Appropriations 1,990,000 238,000 141,596 96,404
Budgetary Fund Balance, June 30 (Budgetary Basis)(2,817,782)$ (110,882)$ (14,841) 96,041$
Encumbrances 14,841
Budgetary Fund Balance, June 30 (GAAP Basis)-$
133
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
TRANSPORTATION ENHANCEMENT ACT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (3,084,195)$ (3,084,195)$ (3,084,195)$ -$
Resources (Inflows):
Intergovernmental - 4,729,850 3,580,019 (1,149,831)
Use of money and property - - 3,713 3,713
Amounts Available for Appropriation (3,084,195) 1,645,655 499,537 (1,146,118)
Charges to Appropriation (Outflow):
Capital outlay - 1,519,000 1,518,134 866
Total Charges to Appropriations - 1,519,000 1,518,134 866
Budgetary Fund Balance, June 30 (Budgetary Basis)(3,084,195)$ 126,655$ (1,018,597) (1,145,252)$
Encumbrances 45,307
Budgetary Fund Balance, June 30 (GAAP Basis)(973,290)$
134
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
COMMUNITY DEVELOPMENT BLOCK GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (37,329)$ (37,329)$ (37,329)$ -$
Resources (Inflows):
Intergovernmental - 1,286,070 1,154,573 (131,497)
Miscellaneous 90,000 90,000 42,346 (47,654)
Amounts Available for Appropriation 52,671 1,338,741 1,159,590 (179,151)
Charges to Appropriation (Outflow):
Community development 343,390 343,390 886,532 (543,142)
Capital outlay 1,032,680 1,207,790 383,255 824,535
Total Charges to Appropriations 1,376,070 1,551,180 1,269,787 281,393
Budgetary Fund Balance, June 30 (Budgetary Basis)(1,323,399)$ (212,439)$ (110,197) 102,242$
Encumbrances 83,255
Budgetary Fund Balance, June 30 (GAAP Basis)(26,942)$
135
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
ASSESSMENT ADMINISTRATION
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 851,424$ 851,424$ 851,424$ -$
Resources (Inflows):
Use of money and property 20,000 24,990 44,529 19,539
Miscellaneous - 823,270 838,978 15,708
Amounts Available for Appropriation 871,424 1,699,684 1,734,931 35,247
Charges to Appropriation (Outflow):
General government 833,700 808,560 738,420 70,140
Total Charges to Appropriations 833,700 808,560 738,420 70,140
Budgetary Fund Balance, June 30 (Budgetary Basis)37,724$ 891,124$ 996,511 105,387$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)996,511$
136
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SAN SEVAINE/ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,128,201$ 2,128,201$ 2,128,201$ -$
Resources (Inflows):
Use of money and property 64,990 59,420 87,428 28,008
Developer participation 100,000 100,000 56,004 (43,996)
Amounts Available for Appropriation 2,293,191 2,287,621 2,271,633 (15,988)
Charges to Appropriation (Outflow):
Engineering and public works 15,000 15,000 15,000 -
Capital outlay 50,000 1,232,000 1,181,405 50,595
Total Charges to Appropriations 65,000 1,247,000 1,196,405 50,595
Budgetary Fund Balance, June 30 (Budgetary Basis)2,228,191$ 1,040,621$ 1,075,228 34,607$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)1,075,228$
137
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
AIR QUALITY IMPROVEMENT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 503,386$ 503,386$ 503,386$ -$
Resources (Inflows):
Intergovernmental 190,820 200,060 205,826 5,766
Use of money and property 800 19,160 27,517 8,357
Amounts Available for Appropriation 695,006 722,606 736,729 14,123
Charges to Appropriation (Outflow):
General government 101,030 112,380 93,266 19,114
Capital outlay 140,000 150,000 150,000 -
Total Charges to Appropriations 241,030 262,380 243,266 19,114
Budgetary Fund Balance, June 30 (Budgetary Basis)453,976$ 460,226$ 493,463 33,237$
Encumbrances 1,500
Budgetary Fund Balance, June 30 (GAAP Basis)494,963$
138
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SOUTH ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 16,691$ 16,691$ 16,691$ -$
Resources (Inflows):
Use of money and property 280 670 920 250
Amounts Available for Appropriation 16,971 17,361 17,611 250
Charges to Appropriation (Outflow):- - - -
Total Charges to Appropriations - - - -
Budgetary Fund Balance, June 30 (Budgetary Basis)16,971$ 17,361$ 17,611 250$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)17,611$
139
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LOWER ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,492,542$ 1,492,542$ 1,492,542$ -$
Resources (Inflows):
Use of money and property 19,910 56,520 59,088 2,568
Amounts Available for Appropriation 1,512,452 1,549,062 1,551,630 2,568
Charges to Appropriation (Outflow):
Capital outlay 1,125,000 1,106,000 997,792 108,208
Total Charges to Appropriations 1,125,000 1,106,000 997,792 108,208
Budgetary Fund Balance, June 30 (Budgetary Basis)387,452$ 443,062$ 553,838 110,776$
Encumbrances 2,312
Budgetary Fund Balance, June 30 (GAAP Basis)556,150$
140
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
MEASURE I
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 7,120,112$ 7,120,112$ 7,120,112$ -$
Resources (Inflows):
Intergovernmental 1,707,300 2,513,670 2,492,702 (20,968)
Use of money and property 113,370 277,810 367,072 89,262
Amounts Available for Appropriation 8,940,782 9,911,592 9,979,886 68,294
Charges to Appropriation (Outflow):
Engineering and public works 1,008,520 1,098,520 1,088,371 10,149
Capital outlay 2,721,000 5,980,100 4,795,472 1,184,628
Total Charges to Appropriations 3,729,520 7,078,620 5,883,843 1,194,777
Budgetary Fund Balance, June 30 (Budgetary Basis)5,211,262$ 2,832,972$ 4,096,043 1,263,071$
Encumbrances 1,539,788
Budgetary Fund Balance, June 30 (GAAP Basis)5,635,831$
141
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LIBRARY SERVICES
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,713,233$ 4,713,233$ 4,713,233$ -$
Resources (Inflows):
Taxes 3,454,330 3,543,710 3,838,311 294,601
Intergovernmental - - 21,127 21,127
Charges for services 380,000 327,500 336,253 8,753
Use of money and property 105,000 145,370 213,974 68,604
Contributions 228,020 165,710 179,414 13,704
Miscellaneous 100,000 90,000 100,070 10,070
Transfers in - - 13,808 13,808
Amounts Available for Appropriation 8,980,583 8,985,523 9,416,190 430,667
Charges to Appropriation (Outflow):
Community services 4,402,070 4,378,220 3,860,738 517,482
Capital outlay - 9,289 9,289 -
Transfers out 45,161 45,161 45,161 -
Total Charges to Appropriations 4,447,231 4,432,670 3,915,188 517,482
Budgetary Fund Balance, June 30 (Budgetary Basis)4,533,352$ 4,552,853$ 5,501,002 948,149$
Encumbrances 8,775
Budgetary Fund Balance, June 30 (GAAP Basis)5,509,777$
142
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
METROLINK
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 42,970$ 42,970$ 42,970$ -$
Resources (Inflows):
Use of money and property 930 290 594 304
Amounts Available for Appropriation 43,900 43,260 43,564 304
Charges to Appropriation (Outflow):
Capital outlay - 20,000 19,723 277
Transfers out - - 1,629 (1,629)
Total Charges to Appropriations - 20,000 21,352 (1,352)
Budgetary Fund Balance, June 30 (Budgetary Basis)43,900$ 23,260$ 22,212 (1,048)$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)22,212$
143
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
CALIFORNIA LITERACY PROGRAM
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (31,971)$ (31,971)$ (31,971)$ -$
Resources (Inflows):
Intergovernmental 36,400 30,010 31,060 1,050
Contributions 14,000 10,000 12,000 2,000
Transfers in 45,160 45,160 45,160 -
Amounts Available for Appropriation 63,589 53,199 56,249 3,050
Charges to Appropriation (Outflow):
Community services 94,990 97,990 91,767 6,223
Total Charges to Appropriations 94,990 97,990 91,767 6,223
Budgetary Fund Balance, June 30 (Budgetary Basis)(31,401)$ (44,791)$ (35,518) 9,273$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(35,518)$
144
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
USED OIL RECYCLING GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (31,576)$ (31,576)$ (31,576)$ -$
Resources (Inflows):
Intergovernmental 43,000 - 31,545 31,545
Use of money and property - - 31 31
Amounts Available for Appropriation 11,424 (31,576) - 31,576
Charges to Appropriation (Outflow):
Engineering and public works 50,850 - - -
Total Charges to Appropriations 50,850 - - -
Budgetary Fund Balance, June 30 (Budgetary Basis)(39,426)$ (31,576)$ - 31,576$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
145
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
COPS PROGRAM GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 212,791$ 212,791$ 212,791$ -$
Resources (Inflows):
Intergovernmental 193,560 336,360 336,359 (1)
Use of money and property 8,300 3,470 8,455 4,985
Amounts Available for Appropriation 414,651 552,621 557,605 4,984
Charges to Appropriation (Outflow):
Public safety - police 193,560 296,230 296,230 -
Total Charges to Appropriations 193,560 296,230 296,230 -
Budgetary Fund Balance, June 30 (Budgetary Basis)221,091$ 256,391$ 261,375 4,984$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)261,375$
146
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LIBRARY SERVICES & TECHNOLOGIES ACT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 6,896$ 6,896$ 6,896$ -$
Resources (Inflows):
Intergovernmental - 5,000 5,000 -
Use of money and property - - 160 160
Amounts Available for Appropriation 6,896 11,896 12,056 160
Charges to Appropriation (Outflow):
Community services - 5,000 5,018 (18)
Total Charges to Appropriations - 5,000 5,018 (18)
Budgetary Fund Balance, June 30 (Budgetary Basis)6,896$ 6,896$ 7,038 142$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)7,038$
147
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
AB 2829 TRAFFIC CONGESTION RELIEF
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 11,106$ 11,106$ 11,106$ -$
Resources (Inflows):
Use of money and property 500 160 155 (5)
Amounts Available for Appropriation 11,606 11,266 11,261 (5)
Charges to Appropriation (Outflow):
Capital outlay 260,000 11,800 11,793 7
Total Charges to Appropriations 260,000 11,800 11,793 7
Budgetary Fund Balance, June 30 (Budgetary Basis)(248,394)$ (534)$ (532) 2$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(532)$
148
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
LITTER REDUCTION GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated 31,699$ 31,699$ 31,699$ -$
Resources (Inflows):
Intergovernmental 54,660 44,300 - (44,300)
Use of money and property - - 138 138
Amounts Available for Appropriation 86,359 75,999 31,837 (44,162)
Charges to Appropriation (Outflow):
Engineering and public works 48,000 44,300 43,978 322
Total Charges to Appropriations 48,000 44,300 43,978 322
Budgetary Fund Balance, June 30 (Budgetary Basis)38,359$ 31,699$ (12,141) (43,840)$
Encumbrances 12,141
Budgetary Fund Balance, June 30 (GAAP Basis)-$
149
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SIGNAL COORDINATION GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 10,229$ 10,229$ 10,229$ -$
Resources (Inflows):
Use of money and property - - 848 848
Amounts Available for Appropriation 10,229 10,229 11,077 848
Charges to Appropriation (Outflow):
Capital outlay - 12,000 11,077 923
Total Charges to Appropriations - 12,000 11,077 923
Budgetary Fund Balance, June 30 (Budgetary Basis)10,229$ (1,771)$ - 1,771$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
150
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SAFE ROUTES TO SCHOOL PROGRAM
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1, as restated (16,830)$ (16,830)$ (16,830)$ -$
Resources (Inflows):
Intergovernmental - 16,830 16,830 -
Amounts Available for Appropriation (16,830) - - -
Budgetary Fund Balance, June 30 (Budgetary Basis)(170,830)$ -$ - -$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
151
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
FOOTHILL BLVD. MAINTENANCE
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 330,196$ 330,196$ 330,196$ -$
Resources (Inflows):
Use of money and property - - 2,846 2,846
Amounts Available for Appropriation 330,196 330,196 333,042 2,846
Charges to Appropriation (Outflow):
Engineering and public works 65,430 62,430 48,339 14,091
Total Charges to Appropriations 65,430 62,430 48,339 14,091
Budgetary Fund Balance, June 30 (Budgetary Basis)264,766$ 267,766$ 284,703 16,937$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)284,703$
152
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
DEPARTMENT OF HOMELAND SECURITY GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated (25,733)$ (25,733)$ (25,733)$ -$
Resources (Inflows):
Intergovernmental - 12,740 23,892 11,152
Amounts Available for Appropriation (25,733) (12,993) (1,841) 11,152
Charges to Appropriation (Outflow):
Public safety - fire protection - 4,870 4,817 53
Capital outlay - 7,870 - 7,870
Total Charges to Appropriations - 12,740 4,817 7,923
Budgetary Fund Balance, June 30 (Budgetary Basis)(25,733)$ (25,733)$ (6,658) 19,075$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(6,658)$
153
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
INTEGRATED WASTE MANAGEMENT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,465,073$ 2,465,073$ 2,465,073$ -$
Resources (Inflows):
Charges for services 1,126,600 1,089,870 1,142,126 52,256
Use of money and property - 96,720 141,125 44,405
Transfers in - - 47,694 47,694
Amounts Available for Appropriation 3,591,673 3,651,663 3,796,018 144,355
Charges to Appropriation (Outflow):
Engineering and public works 978,970 958,620 720,809 237,811
Capital outlay 100,000 26,000 15,527 10,473
Total Charges to Appropriations 1,078,970 984,620 736,336 248,284
Budgetary Fund Balance, June 30 (Budgetary Basis)2,512,703$ 2,667,043$ 3,059,682 392,639$
Encumbrances 15,527
Budgetary Fund Balance, June 30 (GAAP Basis)3,075,209$
154
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
PROPOSITION 42 - TRAFFIC CONGESTION MITIGATION
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,189,005$ 3,189,005$ 3,189,005$ -$
Resources (Inflows):
Use of money and property - 84,330 106,080 21,750
Amounts Available for Appropriation 3,789,005 3,273,335 3,295,085 21,750
Charges to Appropriation (Outflow):
Capital outlay 1,188,000 2,922,000 2,854,716 67,284
Total Charges to Appropriations 1,188,000 2,922,000 2,854,716 67,284
Budgetary Fund Balance, June 30 (Budgetary Basis)2,601,005$ 351,335$ 440,369 89,034$
Encumbrances 1,056,959
Budgetary Fund Balance, June 30 (GAAP Basis)1,497,328$
155
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
JUSTICE ASSISTANCE PROGRAM
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (15,113)$ (15,113)$ (15,113)$ -$
Resources (Inflows):
Intergovernmental - 31,780 31,779 (1)
Use of money and property - 400 1,148 748
Amounts Available for Appropriation (15,113) 17,067 17,814 747
Charges to Appropriation (Outflow):
Public safety - police - 31,800 17,814 13,986
Total Charges to Appropriations - 31,800 17,814 13,986
Budgetary Fund Balance, June 30 (Budgetary Basis)(15,113)$ (14,733)$ - 14,733$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
156
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
SENIOR TRANSPORTATION SERVICE
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,119$ 1,119$ 1,119$ -$
Resources (Inflows):
Intergovernmental 200,000 200,000 102,297 (97,703)
Use of money and property - 8,840 12,601 3,761
Amounts Available for Appropriation 201,119 209,959 116,017 (93,942)
Charges to Appropriation (Outflow):
Community services 200,330 200,000 116,017 83,983
Total Charges to Appropriations 200,330 200,000 116,017 83,983
Budgetary Fund Balance, June 30 (Budgetary Basis)789$ 9,959$ - (9,959)$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
157
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
HOMELAND SECURITY GRANT 2005
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated (15,706)$ (15,706)$ (15,706)$ -$
Resources (Inflows):
Intergovernmental - 109,850 129,750 19,900
Use of money and property - - 555 555
Amounts Available for Appropriation (15,706) 94,144 114,599 20,455
Charges to Appropriation (Outflow):
Public safety - police - 113,280 113,278 2
Capital outlay - 18,480 18,472 8
Total Charges to Appropriations - 131,760 131,750 10
Budgetary Fund Balance, June 30 (Budgetary Basis)(15,706)$ (37,616)$ (17,151) 20,465$
Encumbrances 2,000
Budgetary Fund Balance, June 30 (GAAP Basis)(15,151)$
158
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
BICYCLE TRANSPORTATION ACCT. GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (44,014)$ (44,014)$ (44,014)$ -$
Resources (Inflows):
Intergovernmental - 295,000 270,688 (24,312)
Use of money and property - - 2 2
Amounts Available for Appropriation (44,014) 250,986 226,676 (24,310)
Charges to Appropriation (Outflow):
Capital outlay 586,000 838,000 252,000 586,000
Total Charges to Appropriations 586,000 838,000 252,000 586,000
Budgetary Fund Balance, June 30 (Budgetary Basis)(630,014)$ (587,014)$ (25,324) 561,690$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(25,324)$
159
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
HAZARD MITIGATION GRANT PROGRAM
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (19,960)$ (19,960)$ (19,960)$ -$
Resources (Inflows):
Intergovernmental 152,900 118,060 114,675 (3,385)
Amounts Available for Appropriation 132,940 98,100 94,715 (3,385)
Charges to Appropriation (Outflow):
Capital outlay - 133,000 94,715 38,285
Total Charges to Appropriations - 133,000 94,715 38,285
Budgetary Fund Balance, June 30 (Budgetary Basis)132,940$ (34,900)$ - 34,900$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)-$
160
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
FIRE DISTRICT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 11,824,528$ 11,824,528$ 11,824,528$ -$
Resources (Inflows):
Taxes 21,095,170 21,178,700 21,486,488 307,788
Licenses and permits 301,710 317,430 429,164 111,734
Charges for services 357,890 442,950 446,456 3,506
Use of money and property 458,080 539,570 685,434 145,864
Fines and forfeitures 24,160 24,160 14,255 (9,905)
Contributions 38,000 38,000 2,310 (35,690)
Miscellaneous 85,070 78,620 77,374 (1,246)
Transfers in 2,870,940 2,865,220 1,957,410 (907,810)
Amounts Available for Appropriation 37,055,548 37,309,178 36,923,419 (385,759)
Charges to Appropriation (Outflow):
Public safety - fire protection 24,391,990 24,411,060 22,026,048 2,385,012
Capital outlay 3,247,000 771,800 880,830 (109,030)
Transfers out 879,030 907,810 - 907,810
Total Charges to Appropriations 28,518,020 26,090,670 22,906,878 3,183,792
Budgetary Fund Balance, June 30 (Budgetary Basis)8,537,528$ 11,218,508$ 14,016,541 2,798,033$
Encumbrances 539,099
Budgetary Fund Balance, June 30 (GAAP Basis)14,555,640$
161
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
DRAINAGE FACILITIES
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 7,820,953$ 7,820,953$ 7,820,953$ -$
Resources (Inflows):
Use of money and property 132,130 309,030 406,421 97,391
Developer participation 1,500,000 1,300,000 726,989 (573,011)
Transfers in - 1,300,000 1,300,000 -
Amounts Available for Appropriation 9,453,083 10,729,983 10,254,363 (475,620)
Charges to Appropriation (Outflow):
Engineering and public works 366,410 271,410 261,620 9,790
Capital outlay 5,207,880 5,925,030 5,006,468 918,562
Total Charges to Appropriations 5,574,290 6,196,440 5,268,088 928,352
Budgetary Fund Balance, June 30 (Budgetary Basis)3,878,793$ 4,533,543$ 4,986,275 452,732$
Encumbrances 3,004,404
Budgetary Fund Balance, June 30 (GAAP Basis)7,990,679$
162
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
PROPOSITION 1B
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (Inflows):
Intergovernmental - 2,771,820 - (2,771,820)
Use of money and property - 36,950 54,790 17,840
Amounts Available for Appropriation - 2,808,770 54,790 (2,753,980)
Charges to Appropriation (Outflow):
Budgetary Fund Balance, June 30 (Budgetary Basis)-$ 2,808,770$ 54,790 (2,753,980)$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)54,790$
163
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
THE BIG READ LIBRARY GRANT
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated -$ -$ -$ -$
Resources (Inflows):
Intergovernmental - 20,000 20,000 -
Use of money and property - - 9 9
Contributions - 5,000 5,000 -
Amounts Available for Appropriation - 25,000 25,009 9
Charges to Appropriation (Outflow):
Community development - 25,000 20,537 4,463
Total Charges to Appropriations - 25,000 20,537 4,463
Budgetary Fund Balance, June 30 (Budgetary Basis)-$ -$ 4,472 4,472$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)4,472$
164
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
REDEVELOPMENT AGENCY - CAPITAL PROJECT FUND
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 as restated 203,705,937$ 203,705,937$ 203,705,937$ -$
Resources (Inflows):
Taxes 15,884,320 18,711,535 18,990,854 279,319
Use of money and property 5,090,050 9,257,200 13,430,911 4,173,711
Contributions - 500,000 - (500,000)
Miscellaneous 58,000 58,000 89,572 31,572
Transfers in 85,810 4,435,860 4,385,860 (50,000)
Other debts issued - 155,620,000 155,620,000 -
Bond premium - 919,360 919,360 -
Amounts Available for Appropriation 224,824,117 393,207,892 397,142,494 3,934,602
Charges to Appropriation (Outflow):
General government 5,288,530 4,927,796 4,085,355 842,441
Community development 42,770 115,340 42,559,016 (42,443,676)
Capital outlay 42,478,120 65,647,790 30,987,045 34,660,745
Debt service:
Principal retirement 1,184,590 1,184,590 24,829,589 (23,644,999)
Interest and fiscal charges 3,938,720 38,168,960 8,192,845 29,976,115
Transfers out 118,060 26,722,900 3,399,580 23,323,320
Debt issuance costs - 2,856,370 2,809,033 47,337
Total Charges to Appropriations 53,050,790 139,623,746 116,862,463 22,761,283
Budgetary Fund Balance, June 30 (Budgetary Basis) 171,773,327$ 253,584,146$ 280,280,031 26,695,885$
Encumbrances 16,588,040
Budgetary Fund Balance, June 30 (GAAP Basis) 296,868,071$
165
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
ASSESSMENT DISTRICT 84-1
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 931,610$ 931,610$ 931,610$ -$
Resources (Inflows):
Use of money and property 24,500 37,420 51,776 14,356
Amounts Available for Appropriation 956,110 969,030 983,386 14,356
Budgetary Fund Balance, June 30 (Budgetary Basis) 956,110$ 969,030$ 983,386 14,356$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)983,386$
166
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
CFD 2001-01
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (2,330,560)$ (2,330,560)$ (2,330,560)$ -$
Resources (Inflows):
Use of money and property 100,000 12,620 18,110 5,490
Developer participation - - 203,793 203,793
Amounts Available for Appropriation (2,230,560) (2,317,940) (2,108,657) 209,283
Budgetary Fund Balance, June 30 (Budgetary Basis) (2,230,560)$ (2,317,940)$ (2,108,657) 209,283$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(2,108,657)$
167
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
CFD 2003-01 PROJECT FUND
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (1,171,555)$ (1,171,555)$ (1,171,555)$ -$
Resources (Inflows):
Use of money and property 183,820 - 25,871 25,871
Amounts Available for Appropriation (987,735) (1,171,555) (1,145,684) 25,871
Budgetary Fund Balance, June 30 (Budgetary Basis) (987,735)$ (1,171,555)$ (1,145,684) 25,871$
Encumbrances -
Budgetary Fund Balance, June 30 (GAAP Basis)(1,145,684)$
168
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
CFD 2003-01 CULTURAL CENTER
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 306,757$ 306,757$ 306,757$ -$
Resources (Inflows):
Use of money and property - - 15,600 15,600
Amounts Available for Appropriation 306,757 306,757 322,357 15,600
Charges to Appropriation (Outflow):
Capital outlay - 120,450 120,448 2
Total Charges to Appropriations - 120,450 120,448 2
Budgetary Fund Balance, June 30 (Budgetary Basis) 306,757$ 186,307$ 201,909 15,602$
Encumbrances 8,565
Budgetary Fund Balance, June 30 (GAAP Basis)210,474$
169
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
REDEVELOPMENT AGENCY - DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2008
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 104,397,230$ 104,397,230$ 104,397,230$ -$
Resources (Inflows):
Taxes 63,537,280 74,846,136 75,963,416 1,117,280
Use of money and property 1,216,890 1,591,810 2,357,118 765,308
Miscellaneous - - 2,020 2,020
Transfers in 18,451,590 29,886,980 432,530 (29,454,450)
Other debts issued - - 199,465 199,465
Amounts Available for Appropriation 187,602,990 210,722,156 183,351,779 (27,370,377)
Charges to Appropriation (Outflow):
General government 17,019,970 20,400,570 19,641,157 759,413
Community development 588,000 1,693,000 588,361 1,104,639
Capital outlay 10,747,750 6,703,890 4,097,097 2,606,793
Debt service:
Principal retirement 13,176,320 13,754,820 12,376,315 1,378,505
Interest and fiscal charges 12,756,560 12,756,560 13,411,184 (654,624)
Transfers out 19,800,620 38,766,080 9,311,630 29,454,450
Total Charges to Appropriations 74,089,220 94,074,920 59,425,744 34,649,176
Budgetary Fund Balance, June 30 (Budgetary Basis) 113,513,770$ 116,647,236$ 123,926,035 7,278,799$
Encumbrances 2 933 829Encumbrances2,933,829
Budgetary Fund Balance, June 30 (GAAP Basis) 126,859,864$
170
CITY OF RANCHO CUCAMONGA
Internal Service Funds
Internal service funds are used to account for the financing of goods or services provided by one
department or agency to other departments or agencies of the government and to other government
units, on a cost reimbursement basis.
Equipment and Vehicle Replacement – Established to account for the accumulation of user charges to
various City departments and the costs associated with replacing the City’s vehicles.
Computer Equipment/Technology Replacement – Established to account for the accumulation of
resources and the costs associated with replacing the City’s data processing equipment and maintaining
current technology.
171
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF NET ASSETS
INTERNAL SERVICE FUNDS
JUNE 30, 2008
Total
Assets:
Current:
Cash and investments 12,865,009$ 4,639,163$ 17,504,172$
Receivables:
Accrued interest 17,052 6,281 23,333
Prepaid costs - 2,734 2,734
Total Current Assets 12,882,061 4,648,178 17,530,239
Noncurrent:
Capital assets - net of accumulated depreciation 2,948,728 801,095 3,749,823
Total Noncurrent Assets 2,948,728 801,095 3,749,823
Total Assets 15,830,789$ 5,449,273$ 21,280,062$
Liabilities and Net Assets:
Liabilities:
Equipment and
Vehicle
Replacement
Computer
Equipment/
Technology
Replacement
Liabilities:
Current:
Accounts payable 386,577$ 571,720$ 958,297$
Total Current Liabilities 386,577 571,720 958,297
Total Liabilities 386,577 571,720 958,297
Net Assets:
Invested in capital assets 2,948,728 801,095 3,749,823
Unrestricted 12,495,484 4,076,458 16,571,942
Total Net Assets 15,444,212 4,877,553 20,321,765
Total Liabilities and Net Assets 15,830,789$ 5,449,273$ 21,280,062$
172
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET ASSETS
INTERNAL SERVICE FUNDS
JUNE 30, 2008
Total
Operating Revenues:
Sales and service charges -$ 344,270$ 344,270$
Total Operating Revenues - 344,270 344,270
Operating Expenses:
Maintenance and operations 69,136 932,136 1,001,272
Depreciation expense 693,278 227,695 920,973
Total Operating Expenses 762,414 1,159,831 1,922,245
Operating Income (Loss)(762,414) (815,561) (1,577,975)
Nonoperating Revenues (Expenses):
Interest revenue 724,339 267,611 991,950
Gain (loss) on disposal of fixed assets 16,098 - 16,098
Total Nonoperating
Equipment and
Vehicle
Replacement
Computer
Equipment/
Technology
Replacement
Total Nonoperating
Revenues (Expenses)740,437 267,611 1,008,048
Changes in Net Assets (21,977) (547,950) (569,927)
Net Assets:
Beginning of Year 15,466,189 5,425,503 20,891,692
End of Fiscal Year 15,444,212$ 4,877,553$ 20,321,765$
173
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2008
Total
Cash Flows from Operating Activities:
Cash received from customers and users -$ 344,270$ 344,270$
Cash paid to supplies for goods and services 176,325 (562,214) (385,889)
Net Cash Provided (Used) by Operating Activities 176,325 (217,944) (41,619)
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets (2,005,734) (583,069) (2,588,803)
Proceeds from sales of capital assets 16,098 - 16,098
Net Cash Provided (Used) by
Capital and Related Financing Activities (1,989,636) (583,069) (2,572,705)
Cash Flows from Investing Activities:
Interest received 742,633 274,071 1,016,704
Net Cash Provided (Used) by
Equipment and
Vehicle
Replacement
Computer
Equipment/
Technology
Replacement
Investing Activities 742,633 274,071 1,016,704
Net Increase (Decrease) in Cash
and Cash Equivalents (1,070,678) (526,942) (1,597,620)
Cash and Cash Equivalents at Beginning of Year 13,935,687 5,166,105 19,101,792
Cash and Cash Equivalents at End of Year 12,865,009$ 4,639,163$ 17,504,172$
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)(762,414)$ (815,561)$ (1,577,975)$
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation 693,278 227,695 920,973
(Increase) decrease in prepaid costs - (2,734) (2,734)
Increase (decrease) in accounts payable 245,461 372,656 618,117
Total Adjustments 938,739 597,617 1,536,356
Net Cash Provided (Used) by
Operating Activities 176,325$ (217,944)$ (41,619)$
174
CITY OF RANCHO CUCAMONGA
Agency Funds
Agency funds are used to account for assets held by the City as trustee or agent for individuals, private
organizations, or other governmental units, and/or other funds.
Special Deposits Fund - Established to account for all deposits held by the City in its fiduciary capacity.
Assessment District 82-1 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 proper coupons.
Community Facilities District 84-1 Fund - This fund is used for the CFD 84-1 bond redemption process.
The Bond Redemption fund is a short-term rotation fund, generally used to consolidate the collections
received from the property owners upon payment of their annual assessments at the time of payment of
their tax bills, along with contributions from the Redevelopment Agency. Furthermore, the monies in this
fund are used to meet the annual principal and semiannual interest payments on the bonds.
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 Refunding
Act of 1984 for 1915 Improvement Act Bonds and Landscape/Lighting Act of 1972. Assessments
received are restricted for payment of principal, interest and penalties thereon, upon presentation of
proper coupons.
Community Facilities District 88-2 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.
Benefit Assessment District 91-2 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.
Community Facilities District 93-3 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 99-1 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.
Community Facilities District 2000-01 South Etiwanda – Established to account for assessments received
under the Mello-Roos Community Facilities Act of 1982. Assessments received are restricted for
payment of principal, interest and penalties thereon, upon presentation of proper coupons.
Community Facilities District 2000-02 Rancho Cucamonga Corporate Park – Established to account for
assessments received under the Mello-Roos Community Facilities Act of 1982. Assessments received
are restricted for payment of principal, interest and penalties thereon, upon presentation of proper
coupons.
175
Agency Funds
(Continued)
Assessment District No. 93-1 Masi Commerce Center - 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.
Community Facilities District No. 2001-01 Special Tax Bonds, Series 2001-A - Established to account for
assessments received under the Mello-Roos Community Facilities Act of 1982. Assessments received
are restricted for payment of principal, interest and penalties thereon, upon presentation of proper
coupons.
Community Facilities District No. 2001-01 Special Tax Bonds, Series 2001-B - Established to account for
assessments received under the Mello-Roos Community Facilities Act of 1982. Assessments received
are restricted for payment of principal, interest and penalties thereon, upon presentation of proper
coupons.
Community Facilities District 2003-01 Series A - This fund is used for the Community Facilities District
2003-01 bond redemption process. The Bond Redemption fund is a short-term rotating fund, generally
used to consolidate the collections received from the payments of the property owners upon payment of
their annual assessments at the time of payment of their tax bills. Furthermore, the monies in this fund
are used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2003-01 Series B - This fund is used for the Community Facilities District
2003-01 bond redemption process. The Bond Redemption fund is a short-term rotating fund, generally
used to consolidate the collections received from the payments of the property owners upon payment of
their annual assessments at the time of payment of their tax bills. Furthermore, the monies in this fund
are used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2000-03 Rancho Summit Redemption - Established to account for
assessments received under the Mello-Roos Community Facilities Act of 1982. Assessments received
are restricted for payment of principal, interest and penalties thereon, upon presentation of proper
coupons.
Community Facilities District 2000-03 Rancho Summit Reserve - Established to account for the reserve
fund held by the trustee.
Community Facilities District 2004-01 - This fund is used for the Community Facilities District 2004-01
bond redemption process. The Bond Redemption fund is a short-term rotating fund, generally used to
consolidate the collections received from the payments of the property owners upon payment of their
annual assessments at the time of payment of their tax bills. Furthermore, the monies in this fund are
used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2000-03 Park Maintenance - This fund is used for the maintenance of parks
and parkways located within the Community Facilities District No. 2000-03. The District is located south
of Summit Avenue on the east and west sides of Wardman Bullock Road.
Community Facilities District 2006-01 Redemption - This fund was established to account for monies
deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
Community Facilities District 2006-02 Redemption - This fund was established to account for monies
deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
Employee Deduction Account - Established to account for the contribution by City employees towards
specific employee-paid benefits.
176
THIS PAGE INTENTIONALLY LEFT BLANK
177
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments 18,901,762$ 42$ 121$ 46$
Receivables:
Accounts 370,298 - - -
Taxes 3,597 - 40,592 -
Interest - - - -
Restricted assets:
Cash and investments with fiscal agents - - - -
Total Assets 19,275,657$ 42$ 40,713$ 46$
Liabilities:
Accounts payable 95,885$ -$ -$ -$
Accrued liabilities - - - -
Deposits payable 19,179,772 - - -
Due to other funds - - 40,713 -
Payable to trustee - 42 - 46
Total Liabilities 19,275,657 $ 42 $ 40,713 $ 46 $
Special
Deposits
Assessment
District 82-1 CFD 84-1
Assessment
District 84-2
178
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
(Continued)
5$ 2,571,018$ 4,430,413$ 215,201$
- 1,311 - -
- 22,083 2,696 776
- 3,450 3,798 282
- - 60 -
5$ 2,597,862$ 4,436,967$ 216,259$
-$ 66,680$ -$ -$
- 7,729 - 309
- - - -
- - - -
5 2,523,453 4,436,967 215,950
5 $ 2,597,862 $ 4,436,967 $ 216,259 $
CFD 88-2
Assessment
District 91-2
Assessment
District 86-2
Assessment
District 85-PD
179
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
365,261$ 602,278$ 284,575$ 498,719$
- - - -
- - 2,806 -
486 800 378 664
149 2,296,669 112,297 685,727
365,896$ 2,899,747$ 400,056$ 1,185,110$
-$ -$ -$ -$
- - - -
- - - -
- - - -
365,896 2,899,747 400,056 1,185,110
365,896 $ 2,899,747 $ 400,056 $ 1,185,110 $
CFD 93-3
Assessment
District 99-1
CFD 2000-01
South
Etiwanda
CFD 2000-02
Rancho
Cucamonga
Corporate Park
180
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
(Continued)
425,133$ 1,122,224$ 39,360$ 912,036$
- - - -
687 42,872 - -
565 4 14 1,193
244,408 3,323,031 91,433 1,476,037
670,793$ 4,488,131$ 130,807$ 2,389,266$
-$ -$ -$ -$
- - - -
- - - -
- - - -
670,793 4,488,131 130,807 2,389,266
670,793 $ 4,488,131 $ 130,807 $ 2,389,266 $
CFD 2001-01
Series B
CFD 2003-01
Series A
AD 93-1 Masi
Commerce
Center
CFD 2001-01
Series A
181
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
142,310$ 567,579$ -$ 1,449,979$
- - - -
- 36,611 - 40,171
190 755 - 1,933
291,366 107 713,922 3,195,638
433,866$ 605,052$ 713,922$ 4,687,721$
-$ -$ -$ -$
- - - -
- - - -
- - - -
433,866 605,052 713,922 4,687,721
433,866 $ 605,052 $ 713,922 $ 4,687,721 $
CFD 2003-01
Series B
CFD 2000-03
Rancho
Summit
Redemption
CFD 2000-03
Rancho
Summit
Reserve CFD 2004-01
182
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
(Continued)
314,796$ 263,027$ 136,278$ 83,740$
- - - -
17,118 - - -
421 351 182 -
- 385,640 201,614 -
332,335$ 649,018$ 338,074$ 83,740$
12,657$ -$ -$ 970$
- - - 550
- - - -
- - - 82,220
319,678 649,018 338,074 -
332,335 $ 649,018 $ 338,074 $ 83,740 $
CFD 2006-01
Redemption
CFD 2006-02
Redemption
Employee
Deduction
Account
CFD 2000-03
Park
Maintenance
183
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2008
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Due to other funds
Payable to trustee
Total Liabilities
Total
33,325,903$
371,609
210,009
15,466
13,018,098
46,941,085$
176,192$
8,588
19,179,772
122,933
27,453,600
46,941,085 $
184
(Continued)
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
Special Deposits
Assets:
Cash and investments 19,036,254$ 24,210,115$ 24,344,607$ 18,901,762$
Receivables:
Accounts 1,000 371,738 2,440 370,298
Taxes - 3,597 - 3,597
Total Assets 19,037,254$ 24,585,450$ 24,347,047$ 19,275,657$
Liabilities:
Accounts payable 71,440$ 2,321,367$ 2,296,922$ 95,885$
Deposits payable 18,965,814 3,081,630 2,867,672 19,179,772
Total Liabilities 19,037,254$ 5,402,997$ 5,164,594$ 19,275,657$
Assessment District 82-1
Assets:
Cash and investments 40$ 2$ -$ 42$
Total Assets 40$ 2$ -$ 42$
Liabilities:
Payable to trustee 40$ 2$ -$ 42$
Total Liabilities 40$ 2$ -$ 42$
CFD 84-1
Assets:
Cash and investments -$ 42,501$ 42,380$ 121$
Receivables:
Taxes 42,358 189 1,955 40,592
Restricted assets:
Cash and investments with fiscal agents 121 - 121 -
Total Assets 42,479$ 42,690$ 44,456$ 40,713$
Liabilities:
Accounts payable 99$ -$ 99$ -$
Due to other funds 42,380 40,713 42,380 40,713
Total Liabilities 42,479$ 40,713$ 42,479$ 40,713$
Assessment District 84-2
Assets:
Cash and investments 46$ -$ -$ 46$
Total Assets 46$ -$ -$ 46$
Liabilities:
Payable to trustee 46$ -$ -$ 46$
Total Liabilities 46$ -$ -$ 46$
185
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
Assessment District 86-2
Assets:
Cash and investments 5$ -$ -$ 5$
Total Assets 5$ -$ -$ 5$
Liabilities:
Payable to trustee 5$ -$ -$ 5$
Total Liabilities 5$ -$ -$ 5$
Assessment District 85-PD
Assets:
Cash and investments 2,479,002$ 1,293,680$ 1,201,664$ 2,571,018$
Receivables:
Accounts - 1,311 - 1,311
Taxes 20,411 22,083 20,411 22,083
Interest 6,293 3,450 6,293 3,450
Total Assets 2 505 706$1 320 524$1 228 368$2 597 862$Total Assets 2,505,706$ 1,320,524$ 1,228,368$ 2,597,862$
Liabilities:
Accounts payable 76,029$ 382,010$ 391,359$ 66,680$
Accrued liabilities 7,517 7,729 7,517 7,729
Payable to trustee 2,422,160 1,338,944 1,237,651 2,523,453
Total Liabilities 2,505,706$ 1,728,683$ 1,636,527$ 2,597,862$
CFD 88-2
Assets:
Cash and investments 4,228,552$ 3,574,523$ 3,372,662$ 4,430,413$
Receivables:
Taxes 6,883 2,696 6,883 2,696
Interest 6,871 3,798 6,871 3,798
Restricted assets:
Cash and investments with fiscal agents 78 - 18 60
Total Assets 4,242,384$ 3,581,017$ 3,386,434$ 4,436,967$
Liabilities:
Accounts payable -$ 830$ 830$ -$
Payable to trustee 4,242,384 497,289 302,706 4,436,967
Total Liabilities 4,242,384$ 498,119$ 303,536$ 4,436,967$
186
(Continued)
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
Assessment District 91-2
Assets:
Cash and investments 202,487$ 51,730$ 39,016$ 215,201$
Receivables:
Taxes 826 776 826 776
Interest 501 282 501 282
Total Assets 203,814$ 52,788$ 40,343$ 216,259$
Liabilities:
Accrued liabilities 288$ 309$ 288$ 309$
Payable to trustee 203,526 52,934 40,510 215,950
Total Liabilities 203,814$ 53,243$ 40,798$ 216,259$
CFD 93-3
Assets:
Cash and investments 467,209$ 438,218$ 540,166$ 365,261$
Receivables:
Interest 1,189 486 1,189 486 ,,
Restricted assets:
Cash and investments with fiscal agents 136 13 - 149
Total Assets 468,534$ 438,717$ 541,355$ 365,896$
Liabilities:
Accounts payable -$ 1,000$ 1,000$ -$
Payable to trustee 468,534 438,420 541,058 365,896
Total Liabilities 468,534$ 439,420$ 542,058$ 365,896$
Assessment District 99-1
Assets:
Cash and investments 1,331,054$ 313,838$ 1,042,614$ 602,278$
Receivables:
Taxes 39,758 - 39,758 -
Interest 3,376 800 3,376 800
Restricted assets:
Cash and investments with fiscal agents 2,141,785 160,680 5,796 2,296,669
Total Assets 3,515,973$ 475,318$ 1,091,544$ 2,899,747$
Liabilities:
Accounts payable -$ 1,000$ 1,000$ -$
Payable to trustee 3,515,973 715,732 1,331,958 2,899,747
Total Liabilities 3,515,973$ 716,732$ 1,332,958$ 2,899,747$
187
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
CFD 2000-01 South Etiwanda
Assets:
Cash and investments 257,086$ 147,182$ 119,693$ 284,575$
Receivables:
Taxes 4,649 2,806 4,649 2,806
Interest - 378 - 378
Restricted assets:
Cash and investments with fiscal agents 113,558 - 1,261 112,297
Total Assets 375,293$ 150,366$ 125,603$ 400,056$
Liabilities:
Accounts payable -$ 3,800$ 3,800$ -$
Payable to trustee 375,293 180,460 155,697 400,056
Total Liabilities 375,293$ 184,260$ 159,497$ 400,056$
CFD 2000-02 Rancho Cucamonga Corporate Park
Assets:Assets:
Cash and investments 451,762$ 582,685$ 535,728$ 498,719$
Receivables:
Interest 1,151 664 1,151 664
Restricted assets:
Cash and investments with fiscal agents 693,382 - 7,655 685,727
Total Assets 1,146,295$ 583,349$ 544,534$ 1,185,110$
Liabilities:
Accounts payable -$ 3,800$ 3,800$ -$
Payable to trustee 1,146,295 625,145 586,330 1,185,110
Total Liabilities 1,146,295$ 628,945$ 590,130$ 1,185,110$
AD 93-1 Masi Commerce Center
Assets:
Cash and investments 301,878$ 360,812$ 237,557$ 425,133$
Receivables:
Taxes - 687 - 687
Interest 766 565 766 565
Restricted assets:
Cash and investments with fiscal agents 247,153 - 2,745 244,408
Total Assets 549,797$ 362,064$ 241,068$ 670,793$
Liabilities:
Accounts payable -$ 2,500$ 2,500$ -$
Payable to trustee 549,797 369,184 248,188 670,793
Total Liabilities 549,797$ 371,684$ 250,688$ 670,793$
188
(Continued)
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
CFD 2001-01 Series A
Assets:
Cash and investments 2,981,026$ 1,554,633$ 3,413,435$ 1,122,224$
Receivables:
Taxes 40,417 42,872 40,417 42,872
Interest 7 4 7 4
Restricted assets:
Cash and investments with fiscal agents 1,260,452 2,078,897 16,318 3,323,031
Total Assets 4,281,902$ 3,676,406$ 3,470,177$ 4,488,131$
Liabilities:
Accounts payable 2,130,026$ 3,250$ 2,133,276$ -$
Payable to trustee 2,151,876 5,690,217 3,353,962 4,488,131
Total Liabilities 4,281,902$ 5,693,467$ 5,487,238$ 4,488,131$
CFD 2001-01 Series B
Assets:
Cash and investments 21 435$102 901$84 976$39 360$Cash and investments 21,435$ 102,901$ 84,976$ 39,360$
Receivables:
Interest 55 14 55 14
Restricted assets:
Cash and investments with fiscal agents 113,813 - 22,380 91,433
Total Assets 135,303$ 102,915$ 107,411$ 130,807$
Liabilities:
Accounts payable -$ 3,250$ 3,250$ -$
Payable to trustee 135,303 85,965 90,461 130,807
Total Liabilities 135,303$ 89,215$ 93,711$ 130,807$
CFD 2003-01 Series A
Assets:
Cash and investments 780,628$ 1,063,891$ 932,483$ 912,036$
Receivables:
Interest - 1,193 - 1,193
Restricted assets:
Cash and investments with fiscal agents 1,492,579 - 16,542 1,476,037
Total Assets 2,273,207$ 1,065,084$ 949,025$ 2,389,266$
Liabilities:
Accounts payable -$ 3,500$ 3,500$ -$
Payable to trustee 2,273,207 1,155,210 1,039,151 2,389,266
Total Liabilities 2,273,207$ 1,158,710$ 1,042,651$ 2,389,266$
189
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
CFD 2003-01 Series B
Assets:
Cash and investments 112,043$ 209,277$ 179,010$ 142,310$
Receivables:
Interest - 190 - 190
Restricted assets:
Cash and investments with fiscal agents 296,455 73 5,162 291,366
Total Assets 408,498$ 209,540$ 184,172$ 433,866$
Liabilities:
Accounts payable -$ 3,500$ 3,500$ -$
Payable to trustee 408,498 234,735 209,367 433,866
Total Liabilities 408,498$ 238,235$ 212,867$ 433,866$
CFD 2000-03 Rancho Summit Redemption
Assets:
Cash and investments 317 051$654 683$404 155$567 579$Cash and investments 317,051$ 654,683$ 404,155$ 567,579$
Receivables:
Taxes 2,235 36,611 2,235 36,611
Interest 805 755 805 755
Restricted assets:
Cash and investments with fiscal agents 222,145 - 222,038 107
Total Assets 542,236$ 692,049$ 629,233$ 605,052$
Liabilities:
Accounts payable 2,500$ 4,000$ 6,500$ -$
Payable to trustee 539,736 693,927 628,611 605,052
Total Liabilities 542,236$ 697,927$ 635,111$ 605,052$
CFD 2000-03 Rancho Summit Reserve
Assets:
Restricted assets:
Cash and investments with fiscal agents 692,289$ 21,633$ -$ 713,922$
Total Assets 692,289$ 21,633$ -$ 713,922$
Liabilities:
Payable to trustee 692,289$ 21,633$ -$ 713,922$
Total Liabilities 692,289$ 21,633$ -$ 713,922$
190
(Continued)
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
CFD 2004-01
Assets:
Cash and investments 1,567,583$ 2,616,179$ 2,733,783$ 1,449,979$
Receivables:
Taxes 2,370 40,172 2,371 40,171
Interest 3,991 1,933 3,991 1,933
Restricted assets:
Cash and investments with fiscal agents 3,081,132 116,700 2,194 3,195,638
Total Assets 4,655,076$ 2,774,984$ 2,742,339$ 4,687,721$
Liabilities:
Accounts payable -$ 3,500$ 3,500$ -$
Payable to trustee 4,655,076 2,776,278 2,743,633 4,687,721
Total Liabilities 4,655,076$ 2,779,778$ 2,747,133$ 4,687,721$
CFD 2000-03 Park Maintenance
Assets:
Cash and investments 61 932$312 072$59 208$314 796$Cash and investments 61,932$ 312,072$ 59,208$ 314,796$
Receivables:
Taxes 945 17,118 945 17,118
Interest 163 421 163 421
Total Assets 63,040$ 329,611$ 60,316$ 332,335$
Liabilities:
Accounts payable 3,743$ 48,732$ 39,818$ 12,657$
Payable to trustee 59,297 329,580 69,199 319,678
Total Liabilities 63,040$ 378,312$ 109,017$ 332,335$
CFD 2006-01 Redemption
Assets:
Cash and investments -$ 409,994$ 146,967$ 263,027$
Receivables:
Interest - 351 - 351
Restricted assets:
Cash and investments with fiscal agents 531,023 - 145,383 385,640
Total Assets 531,023$ 410,345$ 292,350$ 649,018$
Liabilities:
Accounts payable -$ 3,000$ 3,000$ -$
Payable to trustee 531,023 448,948 330,953 649,018
Total Liabilities 531,023$ 451,948$ 333,953$ 649,018$
191
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2008
Balance Balance
July 1, 2007 Additions Deductions June 30, 2008
CFD 2006-02 Redemption
Assets:
Cash and investments -$ 226,158$ 89,880$ 136,278$
Receivables:
Interest - 182 - 182
Restricted assets:
Cash and investments with fiscal agents 276,237 - 74,623 201,614
Total Assets 276,237$ 226,340$ 164,503$ 338,074$
Liabilities:
Accounts payable -$ 4,000$ 4,000$ -$
Payable to trustee 276,237 246,503 184,666 338,074
Total Liabilities 276,237$ 250,503$ 188,666$ 338,074$
Employee Deduction Account
Assets:
Cash and investments -$ 214,627$ 130,887$ 83,740$
Total Assets -$214 627$130 887$83 740$Total Assets -$ 214,627$ 130,887$ 83,740$
Liabilities:
Accounts payable -$ 2,387$ 1,417$ 970$
Accrued liabilities - 66,379 65,829 550
Due to other funds - 82,220 - 82,220
Total Liabilities -$ 150,986$ 67,246$ 83,740$
Totals - All Agency Funds
Assets:
Cash and investments 34,597,073$ 38,379,701$ 39,650,871$ 33,325,903$
Receivables:
Accounts 1,000 373,049 2,440 371,609
Taxes 160,852 169,607 120,450 210,009
Interest 25,168 15,466 25,168 15,466
Restricted assets:
Cash and investments with fiscal agents 11,162,338 2,377,996 522,236 13,018,098
Total Assets 45,946,431$ 41,315,819$ 40,321,165$ 46,941,085$
Liabilities:
Accounts payable 2,283,837$ 2,795,426$ 4,903,071$ 176,192$
Accrued liabilities 7,805 74,417 73,634 8,588
Deposits payable 18,965,814 3,081,630 2,867,672 19,179,772
Due to other funds 42,380 122,933 42,380 122,933
Payable to trustee 24,646,595 15,901,106 13,094,101 27,453,600
Total Liabilities 45,946,431$ 21,975,512$ 20,980,858$ 46,941,085$
192
City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2008
Statistical Section
Certain schedules recommended for inclusion in
Comprehensive Annual Financial Reports of Municipalities
by the Government Finance Officers Association have been
omitted from this report. The omission of such schedules was
made only after careful consideration of the merits of each
recommended schedule by City management.
THIS PAGE INTENTIONALLY LEFT BLANK
200820072006200520042003Governmental activities:Invested in capital assets, net of related debt 223,110,913$ 284,189,698$ 252,179,225 173,946,989 98,959,875 167,641,149Restricted535,665,172 429,254,008 375,758,005 376,096,419 397,653,555 278,327,660Unrestricted115,317,370 119,076,369 99,633,038 82,020,646 103,891,437 119,939,613 Total governmental activities net assets 874,093,455$ 832,520,075$ 727,570,268 632,064,054 600,504,867 565,908,422 Business-type activities:Invested in capital assets, net of related debt 30,588,075$ 21,022,879$ 27,333,959 28,184,177 27,066,800 18,193,179 Restricted3,923,938 418,007 256,615 - - - Unrestricted1,606 11,518,699 2,967,744 2,915,713 2,279,621 (92,298) Total business-type activities net assets 34,513,619$ 32,959,585$ 30,558,318 31,099,890 29,346,421 18,100,881 Primary government:Invested in capital assets, net of related debt 253,698,988$ 305,212,577$ 279,513,184 202,131,166 126,026,675 185,834,328Restricted539,589,110 429,672,015 376,014,620 376,096,419 397,653,555 278,327,660Unrestricted115,318,976 130,595,068 102,600,782 84,936,359 106,171,058 119,847,315 Total primary government net assets 908,607,074$ 865,479,660$ 758,128,586 663,163,944 629,851,288 584,009,303 The City of Rancho Cucamonga implemented GASB 34 for the fiscal year ended June 30, 2003. Information prior to theimplementation of GASB 34 is not available.Fiscal Year(accrual basis of accounting)CITY OF RANCHO CUCAMONGANet Assets by ComponentLast Six Fiscal Years193
200820072006200520042003Expenses:Governmental activities:General government47,391,797$ 40,172,577$ 39,749,329 34,618,681 33,250,080 24,393,550 Public safety-police28,030,856 26,329,992 23,166,100 19,057,230 17,140,884 23,425,320 Public safety-fire protection23,197,346 21,603,980 20,172,151 17,001,682 16,610,279 13,602,869 Public safety-animal center2,731,829 - - - - - Community development60,637,449 53,119,509 16,087,789 15,027,950 16,285,163 12,667,703 Community services13,742,620 12,391,620 9,279,222 7,806,258 7,469,609 7,235,575 Engineering and public works34,717,941 16,848,905 16,517,301 34,841,336 25,698,369 23,440,376 Interest on long-term debt23,869,542 19,705,818 20,828,531 20,375,890 17,405,099 12,510,457 Total governmental activities expenses 234,319,380 190,172,401 145,800,423 148,729,027 133,859,483 117,275,850 Business-type activities:Sports complex2,052,181 2,010,145 1,885,693 1,946,407 1,908,620 2,100,144 Municipal utility7,268,058 7,152,633 5,787,358 2,481,249 702,987 - Total business-type activities expenses9,320,239 9,162,778 7,673,051 4,427,656 2,611,607 2,100,144 Total primary government expenses243,639,619 199,335,179 153,473,474 153,156,683 136,471,090 119,375,994 Program revenues:Governmental activities:Charges for services:General government4,144,481 746,341 612,988 867,945 165,206 238,339 Public safety-police1,187,255 1,242,344 950,340 1,136,856 1,104,284 879,101 Public safety-fire protection967,359 393,119 157,346 377,478 377,630 375,123 Public safety-animal center442,804 - - - - - Community development1,552,777 2,798,329 7,954,213 2,119,111 5,245,302 2,156,368 Community services3,601,259 4,212,904 3,557,333 2,509,256 2,447,436 2,315,889 Engineering and public works4,207,159 4,449,690 5,470,174 8,011,741 10,476,124 8,162,289 Operating grants and contributions5,826,881 8,189,642 9,337,299 9,208,789 16,615,891 7,608,374 Capital grants and contributions25,558,886 67,921,255 34,408,882 8,314,267 22,115,926 6,590,448 Total governmental activities program revenues47,488,861 89,953,624 62,448,575 32,545,443 58,547,799 28,325,931 Business-type activities:Charges for services:Sports Complex421,728 498,706 554,609 497,435 529,725 546,870 Municipal Utility8,733,811 9,052,392 5,795,469 3,680,722 312,808 - Total business-type activities program revenues9,155,539 9,551,098 6,350,078 4,178,157 842,533 546,870 Total primary government program revenues56,644,400 99,504,722 68,798,653 36,723,600 59,390,332 28,872,801 (Continued)Fiscal YearCITY OF RANCHO CUCAMONGAStatement of Activities (Condensed)Last Six Fiscal Years(accrual basis of accounting)194
200820072006200520042003Fiscal YearCITY OF RANCHO CUCAMONGAStatement of Activities (Condensed)Last Six Fiscal Years(accrual basis of accounting)Net revenues (expenses):Governmental activities(186,830,519) (100,218,777) (83,351,848) (116,183,584) (75,311,684) (88,949,919) Business-type activities(164,700) 388,320 (1,322,973) (249,499) (1,769,074) (1,553,274) Total net revenues (expenses)(186,995,219) (99,830,457) (84,674,821) (116,433,083) (77,080,758) (90,503,193) General revenues and other changes in net assets:Governmental activities:Taxes:Property taxes150,978,393 140,516,465 118,431,406 87,090,523 78,057,324 60,930,922 Transient occupancy taxes1,762,291 1,745,060 628,991 191,207 254,538 143,739 Sales taxes25,578,737 26,714,718 27,378,940 21,631,153 16,398,011 15,085,717 Franchise taxes6,588,716 7,965,992 7,369,620 6,289,730 5,535,183 5,523,224 Business licenses and building permits*- 4,307,742 3,890,016 4,835,514 5,055,660 4,362,897 Motor vehicle in lieu, unrestricted689,020 996,688 1,123,537 13,797,086 6,515,014 8,483,842 Use of money and property30,785,171 28,788,295 16,707,137 18,572,290 8,805,041 11,262,468 Other general revenues4,730,412 5,738,325 4,809,611 3,807,373 5,186,203 4,566,670 (Loss)/gain on sale of capital assets16,098 - (632,922) 26,440 (312,458) 65,834 Loss on sale of land held for resale- - - - (9,025,897) - Transfers(83,015) (1,719,160) (557,890) (1,606,050) (10,883,294) (625,171) Total governmental activities221,045,823 215,054,125 179,148,446 154,635,266 105,585,325 109,800,142 Business-type activities:Admission taxes1,550 23,881 9,550 19,742 26,883 23,954 Use of money and property457,593 254,344 200,335 223,885 178,753 167,361 Other general revenues17,844 15,562 13,626 11,487 13,915 12,728 Loss on disposition of capital assets- - - - - (7,507) Transfers83,015 1,719,160 557,890 1,606,050 10,883,294 625,171 Total business-type activities560,002 2,012,947 781,401 1,861,164 11,102,845 821,707 Total primary government221,605,825 217,067,072 179,929,847 156,496,430 116,688,170 110,621,849 Changes in net assets:Governmental activities34,215,304 114,835,348 95,796,598 38,451,682 30,273,641 20,850,223 Business-type activities395,302 2,401,267 (541,572) 1,611,665 9,333,771 (731,567) Total primary government34,610,606$ 117,236,615$ 95,255,026 40,063,347 39,607,412 20,118,656 * Beginning FY 2007/08 now included in governmental activities; charges for services.The City of Rancho Cucamonga implemented GASB 34 for the fiscal year ended June 30, 2003. Information prior to theimplementation of GASB 34 is not available.195
200820072006200520042003General fund:Reserved 16,194,519$ 17,878,512$ 13,927,950$ 15,126,963 11,629,652 31,398,193 Unreserved78,816,252 77,139,039 73,029,344 61,834,024 58,063,058 44,223,843 Total general fund95,010,771$ 95,017,551$ 86,957,294$ 76,960,987 69,692,710 75,622,036 All other governmental funds:Reserved148,330,633$ 181,563,287$ 117,714,655$ 124,668,088 101,773,597 103,954,678 Unreserved, reported in:Special revenue funds49,089,518 45,911,910 53,959,047 39,666,462 43,806,876 32,387,969 Capital projects funds210,751,308 96,985,959 129,186,661 144,300,892 209,888,139 110,649,189 Debt service funds122,237,714 100,183,068 64,593,304 49,412,434 36,818,337 37,225,678 Total all other governmental funds530,409,173$ 424,644,224$ 365,453,667$ 358,047,876 392,286,949 284,217,514 The City of Rancho Cucamonga has elected to show only six years of data for this schedule.Fiscal YearCITY OF RANCHO CUCAMONGA(modified accrual basis of accounting)Last Six Fiscal YearsFund Balances of Governmental Funds196
200820072006200520042003Revenues:Taxes185,191,954$176,903,728$152,502,083 113,942,930 100,482,113 81,911,544 Licenses and permits4,058,508 4,479,101 3,890,016 4,835,514 5,055,660 4,362,897 Intergovernmental15,285,929 12,123,472 20,530,213 23,881,601 26,348,063 15,861,988 Charges for services8,836,034 10,808,207 10,645,020 7,814,531 8,581,890 7,835,206 Use of money and property26,509,924 24,425,510 11,787,418 13,961,117 5,060,744 10,852,488 Fines and forfeitures1,160,918 1,015,139 871,277 1,089,343 1,066,590 867,990 Contributions18,374,453 294,836 484,612 157,276 14,410,325 248,463 Developer participation4,149,416 13,181,438 23,834,796 10,497,490 17,456,333 9,508,900 Proceeds from non-committal debt- 47,467,127 8,672,914 - - - Miscellaneous4,950,868 5,975,438 4,989,448 6,332,794 4,063,410 4,397,953 Total revenues268,518,004 296,673,996 238,207,797 182,512,596 182,525,128 135,847,429 ExpendituresCurrent:General government42,067,194 36,465,738 37,304,593 33,252,219 30,100,380 23,521,443 Public safety-police27,463,927 25,808,081 22,692,237 18,718,776 15,373,353 15,498,080 Public safety-fire protection22,030,865 20,720,658 18,964,948 16,548,920 14,966,408 13,304,254 Public safety-animal control2,731,829 - - - - - Community development60,547,847 53,028,611 15,254,966 14,503,251 12,907,073 12,206,045 Community services13,068,606 11,693,666 8,900,046 7,059,052 5,941,578 6,682,511 Engineering and public works17,832,677 15,626,770 14,719,435 13,560,413 12,412,987 19,723,420 Capital outlay71,839,411 34,297,573 77,426,305 79,560,931 63,406,390 25,703,569 Debt service:Principal retirement37,222,622 7,798,925 7,658,097 4,646,588 57,628,362 6,466,388 Interest and fiscal charges21,607,166 19,828,904 20,922,421 20,069,910 16,354,837 15,543,605 Total expenditures316,412,144 225,268,926 223,843,048 207,920,060 229,091,368 138,649,315 Excess (deficiency) of revenues over (under) expenditures(47,894,140) 71,405,070 14,364,749 (25,407,464) (46,566,240) (2,801,886) Other financing sources (uses):Transfers in13,776,675 21,480,334 6,479,847 11,658,124 10,926,010 29,412,254 Transfers out(13,859,690) (23,199,494) (7,037,737) (13,264,174) (21,809,304) (30,037,425)Long-term debt issued155,819,465 732,457 - - 165,680,000 - Bond Premium919,360 - - - 4,776,363 - Debt issuance cost(2,809,033) - - - (4,087,476) - Proceeds from sale of fixed asset1,685 - - - 163,578 - Loss on sale of land held for resale- - - - (9,025,897) - Total other financing sources (uses)153,848,462 (986,703) (557,890) (1,606,050) 146,623,274 (625,171) Net change in fund balances105,954,322$ 70,418,367$ 13,806,859 (27,013,514) 100,057,034 (3,427,057) Debt service as a percentage of noncapital expenditures24.05% 14.47% 19.52% 19.26% 44.65% 19.49%Fiscal YearCITY OF RANCHO CUCAMONGAChanges in Fund Balances of Governmental FundsLast Six Fiscal Years(modified accrual basis of accounting)197
Fiscal Year Taxable Total
Ended Less: Assessed Direct Tax
June 30 Secured Unsecured Exemptions2 Value Rate
1999 6,677,077 637,687 - 7,314,764 0.41817%
2000 6,951,429 683,934 - 7,635,363 0.41094%
2001 7,387,507 730,449 - 8,117,956 0.41906%
2002 8,152,244 717,858 - 8,870,102 0.42442%
2003 9,111,167 753,737 - 9,864,904 0.43161%
2004 10,307,843 793,418 - 11,101,261 0.43815%
2005 11,771,189 765,065 - 12,536,254 0.43603%
2006 13,934,150 900,275 112,415 14,722,010 0.45051%
2007 16,618,860 1,004,845 133,237 17,490,468 0.46645%
2008 18,775,907 1,071,551 212,319 19,635,139 0.46829%
NOTES:
1. In 1978 the voters of the State of California passed Proposition 13 which limited taxes to a total
maximum rate of 1%, based upon the assessed value of the property being taxed. Each year,
assessed value of property may be increased by an "inflation factor" (limited to a maximum increase
of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner.
At that point, the new assessed value is reassessed at the purchase price of the property sold. The
assessed valuation data shown above represents the only data currently available with respect to the
actual market value of taxable property and is subject to the limitations described above.
2. Prior to the fiscal year ended June 30, 2006, the assessed value figures are net of exemptions.
Data Source: San Bernardino County Assessor 1998/99 - 2007/08; HdL, Coren & Cone
CITY OF RANCHO CUCAMONGA
(in thousands of dollars)
City
Assessed Value and Estimated Actual Value of Taxable Property 1
198
CITY OF RANCHO CUCAMONGADirect and Overlapping Property Tax Rates(Rate per $100 of taxable value)Last Ten Fiscal YearsFiscal YearAgency2008200720062005200420032002200120001999Basic Levy*1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Alta Loma Elementary0.03480 0.03770 0.04180 0.04600 0.03460 0.05170 0.04840 0.05230 0.05920 0.06760 Apple Valley Heights County Water District- - - - - - - - - 0.00840 Central Elementary0.05500 0.05530 0.07010 0.08100 0.08410 0.10340 0.11700 0.11180 0.12500 0.12630 Chaffey Community College0.01920 0.01670 0.02930 0.01080 0.01390 0.01080 - - - - Chaffey Union High School0.01690 0.01930 0.02260 0.02640 0.02940 0.04510 0.00960 0.02850 0.02910 0.03330 Cucamonga Co Water Imp 5- - - - - - - 0.00310 0.00190 0.00190 Cucamonga County Water District- - - - - - 0.00120 0.00120 0.00100 0.00100 Fontana Unified0.10540 0.10940 0.06810 0.07580 0.08560 0.09130 0.09570 0.10300 0.12000 0.08420 Metropolitan Water Agency-Mid-Valley0.00450 0.00470 0.00520 0.00580 0.00610 0.00670 0.00770 0.00880 0.00890 0.00890 Metropolitan Water Agency-Original0.00450 0.00470 0.00520 0.00580 0.00610 0.00670 0.00770 0.00880 0.00890 0.00890 Ontario-Montclair Elementary0.01240 0.02220 - - - - - - - - Upland Unified0.02610 0.02790 0.03540 0.03050 0.03160 0.04670 0.03570 0.04480 - - Total Direct & Overlapping Tax Rates1.27880 1.29790 1.27770 1.28210 1.29140 1.36240 1.32300 1.36230 1.35400 1.34050 City Share of 1% levy per Prop 13^0.05190 0.05190 0.05190 0.05190 0.05190 0.05190 0.05190 0.05190 0.05190 0.05190 Redevelopment Rate**1.00450 1.00470 1.00520 1.00580 1.00610 1.00670 1.00770 1.00880 1.00890 1.00890 Total Direct Rate*^0.46829 0.46645 0.45051 0.43603 0.43815 0.43161 0.42442 0.41906 0.41094 0.41817 Notes:* In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessedproperty values for the payment of any voter approved bonds.^ City's share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city.** RDA rate is based on the largest RDA tax rate area (TRA) and includes only rates from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values.*^ Total Direct Rate is the weighted average of all individual direct rates for the City of Rancho Cucamonga.Data Source: San Bernardino County Assessor 1998/99 - 2007/08 Tax Rate Table; HdL, Coren & Cone199
Percent of Percent of
Total City Total City
Assessed Assessed Assessed Assessed
Taxpayer Value Value Value Value
Victoria Gardens Mall LLC 239,999,914$ 1.37%- 0.00%
T Napf Chambray Ownership LLC 150,257,599 0.86%- 0.00%
Rreef America Reit II Corporation TTTT 95,115,000 0.54%- 0.00%
EQR-Fanwell 2007 91,749,399 0.52%- 0.00%
Homecoming I At Terra Vista LLC 85,710,827 0.49%- 0.00%
Catellus Development Corporation 81,360,054 0.47%- 0.00%
PPF MF 9200 Milliken Ave Limited Partnership 73,509,411 0.42%- 0.00%
UDR Rancho Cucamonga Limited Partnership 73,156,867 0.42%- 0.00%
Gruma Corporation 68,672,261 0.39% 69,823,082 0.95%
Ari AOB 29 LLC 67,835,100 0.39%- 0.00%
Western Land Properties - 0.00% 103,264,596 1.41%
BHP Coated Steel Corporation - 0.00% 68,173,288 0.93%
Recot, Inc.- 0.00% 65,038,980 0.89%
West Coast Liquidators - 0.00% 53,936,366 0.74%
Tamco - 0.00% 45,588,206 0.62%
MS RC - 0.00% 42,839,493 0.59%
General Dynamics Properties, Inc - 0.00% 40,226,337 0.55%
Lewis Development Company - 0.00% 39,448,637 0.54%
TBC Rancho Cucamonga I, Inc.- 0.00% 34,293,914 0.47%
1,027,366,432$ 5.87%562,632,899 7.69%
Source: San Bernardino County Assessor; HdL Coren & Cone
CITY OF RANCHO CUCAMONGA
2008 1999
Current Year and Nine Years Ago
Principal Property Taxpayers
200
CITY OF RANCHO CUCAMONGA
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal Taxes Levied Collections in
Year Ended for the Percent Subsequent Percent
June 30 Fiscal Year Amount of Levy Years1 Amount of Levy
1999 29,171,777 27,653,602 94.80% N/A 27,653,602 94.80%
2000 30,520,742 29,018,459 95.08% N/A 29,018,459 95.08%
2001 33,362,558 32,401,099 97.12% N/A 32,401,099 97.12%
2002 37,044,883 36,209,613 97.75% N/A 36,209,613 97.75%
2003 41,370,392 41,367,297 99.99% N/A 41,367,297 99.99%
2004 47 952 098 46 980 688 97 97%N/A 46 980 688 97 97%
Collected within the
Fiscal Year of Levy Total Collections to Date
2004 47,952,098 46,980,688 97.97%N/A 46,980,688 97.97%
2005 54,127,529 52,957,183 97.84% N/A 52,957,183 97.84%
2006 66,040,919 65,275,661 98.84% N/A 65,275,661 98.84%
2007 80,026,153 79,931,681 99.88% N/A 79,931,681 99.88%
2008 90,046,762 90,684,532 100.71% N/A 90,684,532 100.71%
Source: San Bernardino County Assessor
NOTE:
The amounts presented include City property taxes and Redevelopment Agency tax
increment. This schedule also includes amounts collected by the City and Redevelopment
Agency that were passed-through to other agencies.
1Data provided by the San Bernardino County Assessor's Office for collection of prior year
taxes does not segregate the information by fiscal year. Therefore, the City is not able to
provide this information in the above schedule.
201
Current Year and Nine Years Ago
2008 1999
Business Name Business Category Business Name Business Category
Ameron International Corp. Contractors Albertsons Grocery Stores Liquor
Apple Computer Office Equipment Am Pm Mini Mart Service Stations
Arco AM PM Mini Mart Service Stations Ameron International Corp. Contractors
Bass Pro Shops Sporting Goods/Bike Stores Astro Office Products Office Equipment
Best Buy Electronics/Appliance Stores Autonation U S A Used Automotive Dealers
Chevron Service Stations Best Buy Electronics/Appliance Stores
Circuit City Electronics/Appliance Stores Circle K Grocery Stores Beer/Wine
Costco Discount Department Stores Circuit City Electronics/Appliance Stores
Day Creek AM PM Service Stations Claim Jumper Restaurants Liquor
Generator Services Repair Shop/Hand Tool Rntls Costco Discount Department Stores
Home Depot Lumber/Building Materials Giorgio Family Apparel
JC Penney Department Stores Home Depot Lumber/Building Materials
Kayo Oil Service Stations Mervyns Department Stores
Living Spaces Furniture Home Furnishings Montgomery Ward Department Stores
Lowes Lumber/Building Materials Office Depot Office Supplies/Furniture
Macys Department Stores Proficient Food Farm Products/Equipment
Novartis Animal Health Health/Medical Rancho Mobil Service Stations
Rancho Mobil Service Stations S W School Supply Office Supplies/Furniture
Sears Grand Department Stores Stater Bros.Grocery Stores Liquor
Southwire Company Light Industrial/Printers Tamco Heavy Industrial
Tamco Heavy Industrial Target Discount Department Stores
Target Discount Department Stores Varian Associates Electrical Equipment
Wal Mart Discount Department Stores Vons Grocery Stores Liquor
Walters Wholesale Electric Plumbing/Electrical Supplies Wal Mart Discount Department Stores
West End Material Supply Lumber/Building Materials West End Material Supply Lumber/Building Materials
Source: Hinderliter, de Llamas & Associates; State Board of Equalization
CITY OF RANCHO CUCAMONGA
Principal Sales Tax Remitters
202
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203
CITY OF RANCHO CUCAMONGA
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal Year General Tax Total
Ended Obligation Allocation Governmental
June 30 Bonds Bonds 1 Loans Activities
1999 - 141,510,000 14,733,983 156,243,983
2000 - 146,875,000 13,475,928 160,350,928
2001 - 143,050,000 12,284,935 155,334,935
2002 - 214,140,000 24,696,887 238,836,887
2003 - 210,555,000 21,865,499 232,420,499
2004 - 320,180,000 20,342,137 340,522,137
2005 - 317,135,000 18,740,549 335,875,549
2006 - 311,005,000 17,212,452 328,217,452
2007 - 304,685,000 23,102,037 327,787,037
2008 - 424,060,000 21,705,050 445,765,050
NOTES:
Details regarding the City's outstanding debt can be found in the notes to the financial
statements
1 The City issued over $165 million of new tax allocation bonds in 2004, $74 million in 2002
and $54 million in 2000 with a defeasance of $47 million. Additionally, a developer loan
in the amount of $13 million was added in 2002.
2 This ratio is calculated using personal income and population for the prior calendar year.
Governmental Activities
204
Utility Total Total Percentage Debt
Revenue Certificates of Business-type Primary of Personal Per
Bonds Participation Activities Government Income 2 Capita 2
- - - 156,243,983 5.20% 1,319
-
- - - 160,350,928 5.04% 1,316
-
- - - 155,334,935 4.72% 1,237
-
- - - 238,836,887 7.11% 1,800
-
- - - 232,420,499 6.52% 1,695
-
- - - 340,522,137 8.69% 2,322
-
- - - 335,875,549 7.76% 2,170
-
- - - 328,217,452 6.82% 2,028
- - - 327,787,037 6.34% 1,902
- - - 445,765,050 8.11% 2,557
Business-type Activities
205
Fiscal Year General Tax Percent of Percentage
Ended Obligation Allocation Assessed of Personal Per
June 30 Bonds Bonds Total Value 1 Income 2 Capita 2
1999 - 141,510 141,510 1.32% 4.45% 1,161
- -
2000 - 146,875 146,875 1.28% 4.46% 1,170
- -
2001 - 143,050 143,050 1.16% 4.26% 1,078
- -
2002 - 214,140 214,140 1.61% 6.00% 1,562
- -
2003 - 210,555 210,555 1.43% 5.37% 1,436
- -
2004 - 320,180 320,180 1.95% 7.39% 2,069
- -
2005 - 317,135 317,135 1.74% 6.59% 1,960
- -
2006 - 311,005 311,005 1.49% 6.02% 1,805
- -
2007 - 304,685 304,685 1.29% 5.55% 1,748
General bonded debt is debt payable with governmental fund resources and general obligation bonds
recorded in enterprise funds (of which, the City has none).
1 Assessed value has been used because the actual value of taxable property is not readily available
in the State of California.
2 These ratios are calculated using personal income and population for the prior calendar year.
Outstanding General Bonded Debt
CITY OF RANCHO CUCAMONGA
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(In Thousands, except Per Capita)
206
City Assessed Valuation 17,490,468$
Redevelopment Agency Incremental Valuation 8,589,912
Adjusted Assessed Valuation 8,900,556$
City
Percentage Total Share of
Applicable 1 Debt 6/30/08 Debt
Overlapping Tax and Assessment Debt:
Metropolitan Water District 0.626% 327,215,000$ 2,048,366
Chaffey Community College District 20.122% 175,819,966 35,378,494
Chaffey Joint Union High School District 41.569% 105,155,000 43,711,882
Alta Loma School District 98.709% 22,759,873 22,466,043
Central School District 96.279% 12,077,255 11,627,860
Etiwanda School District CFD Nos. 1, 2 & 3 100.000% 27,735,000 27,735,000
Etiwanda School District CFD No. 7 21.530% 14,680,000 3,160,604
Etiwanda School District CFD No. 8 68.006% 7,565,000 5,144,654
Etiwanda School District CFD No. 9 70.844% 9,970,000 7,063,147
Etiwanda School District Rancho Etiwanda Public Facilities
Authority CFD No. 1 90.690% 21,010,000 19,053,969
Fontana Unified School District 0.542% 205,900,386 1,115,980
Upland Unified School District 0.436% 57,921,889 252,539
City of Rancho Cucamonga CFD's 100.000% 106,095,000 106,095,000
City of Rancho Cucamonga 1915 Act Bonds 100.000% 3,590,000 3,590,000
Total overlapping tax and assessment debt 1,097,494,369 288,443,538
CITY OF RANCHO CUCAMONGA
Direct and Overlapping Debt
June 30, 2008
Direct and Overlapping General Fund Debt
San Bernardino County General Fund Obligations 9.038% 791,760,000 71,559,269
San Bernardino County Pension Obligations 9.038% 688,325,591 62,210,867
San Bernardino County Flood Control Dist General Fund Oblig 9.038% 119,920,000 10,838,370
Chaffey Community College District General Fund Obligations 20.122% 12,715,666 2,558,646
Chaffey Joint Union HS District Certificates of Participation 41.569% 510,000 212,002
Cucamonga School District Certificates of Participation 32.401% 12,550,000 4,066,326
Fontana School District Certificates of Participation 0.542% 54,210,000 293,818
Upland Unified School District General Fund Obligations 0.436% 1,745,000 7,608
City of Rancho Cucamonga General Fund Debt 100.000%- -
West Valley Vector Control District Certificates of Participation 26.379% 3,945,000 1,040,652
Total direct and overlapping general fund debt 1,685,681,257 152,787,558
Total overlapping debt 2,783,175,626$ 441,231,096
City direct debt 445,765,050
Total direct and overlapping debt 886,996,146$
Notes:
1 For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed
property values. Applicable percentages were estimated by determining the portion of another governmental unit's
taxable assessed value that is within the city's boundaries and dividing it by each unit's total taxable assessed value.
Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This
schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents
and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay
long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However,
this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each
overlapping government.
Source: California Municipal Statistics, Inc.; HdL, Coren & Cone
207
CITY OF RANCHO CUCAMONGA
Legal Debt Margin Information
Last Ten Fiscal Years
2008 2007 2006 2005
Debt limit 414,196,025$ 370,340,380 321,072,427 280,523,308
Total net debt applicable to limit - - - -
Legal debt margin 414,196,025$ 370,340,380 321,072,427 280,523,308
Total net debt applicable to the limit
as a percentage of debt limit 0.0%0.0% 0.0% 0.0%
Legal Debt Margin Calculation for Fiscal Year 2008:
Assessed value 11,045,227,320$
Debt limit (3.75% of assessed value)414,196,025
Debt applicable to limit:
General obligation bonds -
Legal debt margin 414,196,025$
The Government Code of the State of California provides for a legal debt limit of 15% of gross
assessed valuation. However, this provision was enacted when assessed valuation was
based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel
is now assessed at 100% of market value (as of the most recent change in ownership
for that parcel). Although the statutory debt limit has not been amended by the State since this
change, the percentages presented in the above computations have been proportionately
modified to 3.75% (25% of 15%) for the purpose of this calculation in order to be consistent
with the computational effect of the debt limit at the time of the state's establishment of the limit.
Source: California Municipal Statistics, City of Rancho Cucamonga
208
Fiscal Year
2004 2003 2002 2001 2000 1999
247,538,676 222,613,544 203,025,995 187,893,846 179,356,402 171,780,535
- - - - - -
247,538,676 222,613,544 203,025,995 187,893,846 179,356,402 171,780,535
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
209
CITY OF RANCHO CUCAMONGA
Pledged-Revenue Coverage
Last Ten Fiscal Years
(In Thousands)
Fiscal Year
Ended Tax
June 30 Increment 1 Principal Interest Coverage
1999 23,673 2,950 8,337 2.10
2000 24,848 1,865 4,853 3.70
2001 25,956 3,825 7,371 2.32
2002 31,907 2,990 9,216 2.61
2003 36,139 3,585 10,878 2.50
2004 40,922 3,830 10,728 2.81
2005 45,909 3,045 14,397 2.63
2006 59,003 6,130 14,814 2.82
2007 71,985 6,320 14,577 3.44
2008 77,319 6,600 15,600 3.48
Note: Details regarding the city's outstanding debt can be found in the
notes to the financial statements.
1 Tax increment figures are net of related pass-through payments.
Tax Allocation Bonds
Debt Service
210
Per
Personal Capita Unemployment
Calendar Population Income Personal Rate
Year (1)(in thousands) (2)Income (2)(3)
1998 118,432 3,001,896 25,347 N/A
1999 121,840 3,179,658 26,097 N/A
2000 125,585 3,291,457 26,209 2.6%
2001 132,663 3,358,231 25,314 3.3%
2002 137,119 3,566,054 26,007 3.7%
2003 146,666 3,920,529 26,731 3.5%
2004 154,780 4,330,435 27,978 3.2%
2005 161,830 4,814,281 29,749 2.8%
2006 172,331 5,166,311 29,979 2.8%
2007 174,308 5,493,840 31,518 3.9%
NOTE:
The unemployment rate for the City of Rancho Cucamonga was not available for
calendar years 1998 through 1999. Unemployment rates for San Bernardino County
were available for this period of time. However, management believes it would be
misleading to mix County data with City data.
Sources: (1) State Department of Finance
(2) Redevelopment Agency
(3) State of California Employment Development Department
CITY OF RANCHO CUCAMONGA
Demographic and Economic Statistics
Last Ten Calendar Years
211
Percent of Percent of
Number of Total Number of Total
Employer Employees Rank Employment Employees Rank Employment
Chaffey Community College 1,763 1 2.27%475 8 0.87%
Etiwanda School District 1,198 2 1.54%933 1 1.71%
City of Rancho Cucamonga 954 3 1.23%705 3 1.29%
Alta Loma School District 942 4 1.21%850 2 1.55%
Amphastar Pharmaceuticals 880 5 1.13%- - -
Southern California Edison 800 6 1.03%450 9 0.82%
Mercury Insurance Company 606 7 0.78%- - -
West Coast Liquidators 565 8 0.73%- - -
Frito-Lay, Inc.561 9 0.72%600 4 1.10%
CMC Steel Fabricators 517 10 0.67%- - -
Mission Foods - - -573 5 1.05%
C. W. Construction - - -550 6 1.01%
Central School District - - -520 7 0.95%
Wal-Mart Stores, Inc - - -445 10 0.81%
"Total Employment" as used above represents the total employment of all employers located within City limits.
*Data for prior years is only shown from the date of the City's implementation of GASB 34 forward.
Source: Redevelopment Agency; City Finance Department; State of California, EDD
2008 2003
CITY OF RANCHO CUCAMONGA
Principal Employers
Current Year and Five Years Ago*
212
Function 2008 2007 2006 2005
General government 114 105 84 70
Public safety 1 118 112 103 137
Engineering and public works 231 215 207 189
Community development 62 53 51 47
Community services 341 255 210 198
Library 82 94 68 58
Redevelopment 6 8 6 6
Total 954 842 729 705
*Data prior to 2005 not readily available.
NOTES:
1 Police services provided by San Bernardino County with 141 sworn and 44 non-sworn
employees for 2008. Effective 2006, crossing guards were contracted with a private
company and are no longer part-time employees of the City.
Source: City Finance Department
Employees as of June 30
CITY OF RANCHO CUCAMONGA
Full-time and Part-time City Employees
by Function
Last Four Fiscal Years*
Full-Time and Part-time
213
2008 2007 2006 2005
General government:
Building permits issued 2,993 3,907 4,763 5,587
Building inspections conducted 35,572 52,185 82,166 85,225
Police:
Arrests 5,857 5,379 5,306 5,608
Parking citations issued 3,481 4,492 3,846 3,508
Traffic citations issued 16,048 17,980 16,395 16,987
Fire:
Number of emergency calls 12,056 11,704 11,430 10,855
Inspections 2,670 2,736 2,035 2,774
Public works:
Number of potholes repaired 1,456 1,074 1,107 2,402
Parks and recreation:
Number of recreation classes 4,717 3,524 2,866 2,315
Number of facility rentals 2,328 2,370 1,598 824
Library:
Volumes in collection 268,061 257,629 215,606 181,029
Total volumes borrowed 1,024,670 931,031 715,431 737,635
Municipal utility:
Number of customers 442 425 375 225
Peak demand (MW)14 14 11 8
*Data prior to 2005 not readily available.
Source: Various City departments
Fiscal Year
CITY OF RANCHO CUCAMONGA
Operating Indicators
by Function
Last Four Fiscal Years*
214
2008 2007 2006 2005
Police:
Stations 1111
Patrol units 56 56 52 48
Fire:
Fire stations 6666
Public works:
Streets (miles)521 521 511 499
Streetlights 12,539 12,232 12,127 11,954
Traffic signals 201 189 182 170
Parks and recreation:
Parks 30 28 28 26
Acreage 338 322 322 307
Fiscal Year
CITY OF RANCHO CUCAMONGA
Capital Asset Statistics
by Function
Last Four Fiscal Years*
c eage 338 3 3 307
Community centers 6 6 5 5
*Data prior to 2005 not readily available.
Source: Various City departments
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