HomeMy WebLinkAbout1997/06/30 Comprehensive Annual Financial Report a�
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City of Rancho Cucamonga, California
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
Year Ended June 30. 1997
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' CITY OF RANCHO CUCAMONGA, CALIFORNIA
Comprehensive
Annual Financial Report
' Fiscal Year Ended
June 30, 1997
Prepared by
' Finance Department
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' Lawrence I. Temple
Administrative Services Director
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' City of Rancho Cucamonga
' Table of Contents
Page
Number
' INTRODUCTORY SECTION
Letter of Transmittal i
' City Officials xxvi
Organizational Chart xxvii
Geographic Location Diagram xxviii
Certificate of Achievement for Excellence in Financial Reporting xxix
' Certificate of Award for Outstanding Financial Reporting xxx
FINANCIAL SECTION
' INDEPENDENT AUDITOR'S REPORT 1
' FINANCIAL STATEMENTS
' The notes to the financial statements are an integral part
of the component unit financial statements
' Exhibit A - Combined Balance Sheet-All Fund Types and Account Groups 2
Exhibit B - Combined Statement of Revenues, Expenditures and Changes in
' Fund Balances - All Governmental Fund Types 3
Exhibit C - Combined Statement of Revenues, Expenditures and Changes in Fund
' Balances - Budget and Actual (Budgetary Basis) - All Governmental
Fund Types 5
' Exhibit D - Statement of Revenues, Expenses and Changes in Retained Earnings
- Proprietary Fund Type - Enterprise and Internal Service Funds 9
' Exhibit E - Combined Statement of Cash Flows - All Proprietary Fund Types 10
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City of Rancho Cucamonga '
Table of Contents '
NOTES TO FINANCIAL STATEMENTS 11 '
SUPPLEMENTARY SCHEDULES '
Schedule I - Balance Sheet- General Fund 52 '
Schedule 2 - Statement of Revenues, Expenditures and Changes in Fund Balances
- General Fund 53 '
Schedule 3 - Schedule of Revenues, Expenditures and Changes in Fund Balances
- Budget and Actual (Budgetary Basis) - General Fund 54 '
Schedule 4 - Combining Balance Sheet-All Special Revenue Funds 58
Schedule 5 - Combining Statement of Revenues, Expenditures and Changes in '
Fund Balances-All Special Revenue Funds 62
Schedule 6 - Combining Schedule of Revenues, Expenditures and Changes in '
Fund Balances - Budget and Actual (Budgetary Basis) -All '
Special Revenue Funds 66
Schedule 7 - Combining Balance Sheet-All Debt Service Funds 76 '
Schedule 8 - Combining Statement of Revenues, Expenditures and Changes in
Fund Balances - All Debt Service Funds 77 '
Schedule 9 - Combining Schedule of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual -All Debt Service Funds 78 '
Schedule 10 - Combining Balance Sheet -All Capital Projects Funds 79
Schedule 11 - Combining Statement of Revenues, Expenditures and Changes in '
Fund Balances - All Capital Projects Funds 80 ,
Schedule 12 - Combining Schedule of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual (Budgetary Basis) - All Capital '
Projects Funds 81
Schedule 13 - Combining Balance Sheet- Internal Service Funds 84 '
' City of Rancho Cucamonga
' Table of Contents
' Schedule 14 - Combining Statement of Revenues, Expenses and Changes in
Retained Earnings - Internal Service Funds 85
' Schedule 15 - Combining Statement of Cash Flows-Internal Service Funds 86
' Schedule 16 - Combining Balance Sheet-All Agency Funds 87
' Schedule 17 - Combining Statement of Changes in Assets and Liabilities -
All Agency Funds 89
' Schedule 18 - Schedule of General Fixed Assets - By Sources 93
Schedule 19 - Schedule of General Fixed Assets by Function and
Activity 94
Schedule 20 - Schedule of Changes in General Fixed Assets by Function
' and Activity 95
' STATISTICAL SECTION
Exhibit 1 - General Governmental Expenditures by Function 96
' Exhibit 2 - General Government Revenue by Source 97
' Exhibit 3 - Assessed Valuation of All City Property 98
Exhibit 4 - Property Tax Levies and Collections 99
Exhibit 5 - Direct and Overlapping Property Tax Rate 100
' Exhibit 6 - Special Assessment Collections 101
Exhibit 7 - Direct and Overlapping Bonded Debt 103
' Exhibit 8 - Legal Debt Margin (General Obligation Bonds) 104
' Exhibit 9 - Number of Permits 105
' Exhibit 10 - Construction Activity - Building Permit Valuation 107
City of Rancho Cucamonga '
Table of Contents t
Exhibit 11 - Demographic Statistics 109 '
Exhibit 12 - Principal Taxpayers 111
Exhibit 13 - Purchased Insurance Policies 112 '
Exhibit 14 - Miscellaneous Statistical Information 113 '
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INTRODUCTORY SECTION
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T H E C I T Y O F
ISA NC KO C UC A MONG1�
December 26, 1997
The Honorable Mayor
and Members of the City Council
City of Rancho Cucamonga
Rancho Cucamonga, CA 91730
Council members:
' Submitted for your information and consideration is the Annual Financial Report for the
year ended June 30, 1997. This is a combined report of the City of Rancho Cucamonga,
Rancho Cucamonga Redevelopment Agency, Rancho Cucamonga Public Improvement
Corporation and the Rancho Cucamonga Fire Protection District.
The goal of the City of Rancho Cucamongas financial staff is to strive for excellence in the
performance of the financial functions and reporting. The Government Finance Officers
Association of the United States and Canada (GFOA) awarded a Certificate to the City of
Rancho Cucamonga for its comprehensive annual financial report for the fiscal year ended
June 30, 1996. The Certificate of Achievement is the highest form of recognition for
excellence in state and local government financial reporting.
In order to be awarded a Certificate of Achievement, a government unit must publish an
easily readable and efficiently organized Comprehensive Annual Financial Report (CAFR),
whose contents conform to program standards. Such CAFR must satisfy both generally
accepted accounting principles and applicable legal requirements.
The Certificate of Achievement is valid for a period of one year only. The City of Rancho
Cucamonga has received a Certificate of Achievement for the last nine consecutive years
' (June 30, 1988 through June 30, 1996). We believe our current report continues to conform
to the Certificate of Achievement program requirements, and we are submitting it to GFOA.
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Mayor William J.Alexander Councilmember Paul Biane
Mayor Pro Tem Diane Williams - Councilmember Rex Gutierrez
Jack Lam,AICP,City Manager Councilmember James V. Curatalo
' 10500 Civic Center Drive • P.O. Box 807 • Rancho Cucamonga,CA 91729 • (909)477-2700 e FAX (909)477-2849
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I. BACKGROUND INFORMATION
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GENERAL INFORMATION '
The City of Rancho Cucamonga currently has an estimated population of 115,900 and
encompasses approximately 37.5 square miles. It is located between the City of Upland to
the West, Ontario to the South, Fontana to the East, and is in the Western section of San
Bernardino County which is in the southern part of the State of California. The local
economy is primarily based on retail commercial business and light manufacturing, which '
emphasizes the City's efforts at retaining sales tax generating businesses to help stabilize the
City's financial base.
REPORTING ENTITY AND ITS SERVICES
The reporting entity is comprised of the City government, Rancho Cucamonga
Redevelopment Agency, Rancho Cucamonga Public Improvement Corporation, and the '
Rancho Cucamonga Fire Protection District. The City provides accounting services to all
these agencies. '
The Rancho Cucamonga Redevelopment Agency is shown in the financial statements in two
combined groups, namely: the Redevelopment Funds are included in the Capital Projects r
Fund whereas the Tax Increment Funds are included in the Debt Service Fund. The Rancho
Cucamonga Public Improvement Corporation is shown in the Capital Projects Fund and
Debt Service Fund. The Rancho Cucamonga Fire Protection District is reflected in the
Special Revenue Fund.
The City of Rancho Cucamonga is a general law city governed by the State of California '
Government Code and local ordinances and provides quality service by blending the talents
of City staff and utilizing other agencies. Certain services necessary to continue the high ,
quality of life in Rancho Cucamonga such as water, sanitation (i.e. sewage), and police are
furnished by the County of San Bernardino and other specialized agencies. The City
provides building safety regulation and inspection, street lighting and beautification, land use r
planning and zoning, housing and community development services, maintenance and
improvement of streets and related structures, traffic safety maintenance and improvement, ,
and a full range of recreational and cultural programs for citizen participation. The
Redevelopment Agency provides the services associated with selling the City as an optimum
location for companies to establish their operations. The City's location and local labor ,
market are just two optimum items available as a selling tool. The primary focus of the
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' Redevelopment Agency is on the long-term economic development of the City of Rancho
' Cucamonga. The Rancho Cucamonga Public Improvement Corporation is a nonprofit
corporation which was established to assist the City by financing, acquiring, constructing,
improving and leasing public improvements for the benefits of residents of the City. Fire
' protection for the City and its sphere of influence is provided by the Rancho Cucamonga
Fire Protection District.
' FINANCIAL ADMINISTRATION
' The Finance Department is structured under the Administrative Services Department with
the Director of Administrative Services having responsibility for Personnel, Risk
Management, Purchasing, Licensing, Resource Services, Geographical Information Services,
Management Information Services, and the City, Redevelopment Agency, and Fire District
Treasury functions.
' The Finance Officer is responsible for directing the accounting, financial planning and
reporting, payroll, budget analysis, budget preparation, budget implementation and
management, and cash management functions for the City, Redevelopment Agency and Fire
District.
1 GOVERNMENT
The City of Rancho Cucamonga was incorporated in 1977 as a general law city under the
provisions of the Government Code of the State of California, and operates under the
Council-Manager form of city government. The City officials elected at large include a
' Mayor and four City Council members, City Clerk, and City Treasurer. The Mayor and
Council members are elected on a staggered basis for a term of four years. There is no limit
on the number of terms an individual can serve as Mayor or as Council members. The
IMayor and City Council appoint the City Manager.
REPORTING STANDARDS
' The financial report has been prepared in conformance with the generally accepted
' accounting principles as set forth by the Governmental Accounting Standards Board (GASB),
applicable pronouncements of the American Institute of Certified Public Accountants, and
the full financial disclosure guidelines of the Governmental Finance Officers Association of
' the United States and Canada. The implementation of GASB pronouncements has resulted
in the preparation of this financial report which blends the financial data of the City and all
of its related entities.
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FINANCIAL STATEMENT FORMAT ,
In accordance with the above mentioned guidelines, the report is divided into the following ,
three sections:
1. INTRODUCTORY SECTION: Contains the principal officers, City organization ,
chart, and the letter of transmittal.
2. FINANCIAL SECTION: Contains the auditor's opinion, combined financial
statement, and combining financial statements by fund type and individual funds. '
3. STATISTICAL SECTION: Contains relevant financial and non-financial data
presenting historical trends and other information about the City. '
NOTES TO THE FINANCIAL STATEMENTS
The Notes to the Financial Statements, which are part of the General Purpose Financial '
Statements within the Financial Section, are an integral part of the financial report and are
essential to the fair presentation and adequate disclosure of the financial position of the City,
Redevelopment Agency, Corporation, and Fire District. The notes should be read along with
the financial statements to gain a fuller understanding of the information contained within
this report. Your attention is specifically directed to the presentation of the City's significant
accounting policies.
RESPONSIBILM
The responsibility for the accuracy of the data presented, the completeness and fairness of ,
its presentation, including all disclosures, rests with the City. The data, as reported, is
believed to be accurate in all material respects; and was designed in a manner to present ,
fairly the financial position of the City, Redevelopment Agency, Corporation, and Fire
District at June 30, 1997, and the results of its operations and changes in financial position. '
All disclosures necessary for the reader to gain a ma)dmum understanding of the City's
financial affairs have been included.
FUND DESCRIPTIONS '
Definitions of the various funds and account groups of the reporting entity are included as ,
supplementary information within the various divisions of the Financial Section of this report.
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ACCOUNTING SYSTEM AND BUDGETARY CONTROL
' The City's accounting records are maintained on the accrual basis to the extent practicable
for the independent certified public accountants who audit the accounting records of the City.
' This system has been designed to provide reasonable, but not absolutely guaranteed,
assurance that:
' 1. Assets have been protected from losses arising from unauthorized use or
disposition.
' 2. Financial records can be relied upon for preparing adequate financial statements
and for maintaining accountability for assets.
II. HIGHLIGHTS OF FISCAL YEAR 1996-97
' REDEVELOPMENT AGENCY
A. Economic Development/Marketing
The Agency continues to focus on business attraction, retention and expansion. An aggressive
' marketing plan was implemented based on recommendations provided by PHH Fantus, a national
site selection consultant. The Agency's activities have resulted in a variety of new companies
locating to the community including, Bradshaw International, Bell Industries, and Heritage Bag
' Company.
Retention/Expansion - The business visitations and tri-annual business receptions continued to be
' a focus of the Redevelopment Agency. Over six hundred new businesses located to Rancho
Cucamonga and were contacted by the Agency. Many of those companies attended the business
receptions and were presented with a welcoming packet with referral information and services
' provided within the City. Participants included Agency and City staff, Mayor and Council
members, as well as representatives from the Rancho Cucamonga Chamber of Commerce, Chaffey
College, Small Business Development Center and the Inland Empire Economic Partnership. The
' Agency's Third Party Electrical Certification Program provided assistance to four businesses to
bring their machinery into electrical code compliance. The Agency implemented the City's second
annual Business Appreciation Week in May.
1 Marketing/Attraction - The Agency implemented a successful advertising campaign with
1 placements in a variety of state and national publications. A total of 295 leads were generated as
a result of the advertising campaign. Strategic relationships were strengthened with Inland Empire
Economic Partnership and the California Trade and Commerce Agency to work cooperatively in
' business attraction efforts. The Fax on Demand Program continued to be successful providing
commercial/industrial real estate information to over 500 inquiries. Potential new relocating
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companies and local business received promotional skybox tickets to Quakes' baseball games '
providing them with an opportunity to experience the sport/entertainment contribution to the City's ,
total quality of life. The annual Visions Newsletter and the Business Visions publications were
mailed throughout the community and were included in all public relations and business attraction
packets.
Capital Improvements - Significant completion of the upgraded FoothilUInterstate 15 on and off
ramps was completed during the year. The completion of this project will greatly improve ,
circulation along Foothill Boulevard In advance of the proposed regional shopping center. The
Agency contributed $4.5 million to the project, which is scheduled for completion in December
1997. ,
B. ,Affordable Housing
Rental Housing - Northtown Housing Development Corporation NHDC) constructed a 14-unit
apartment complex called Las Casitas. The Agency funded the project in furtherance of the goal
to provide housing to smaller families with low and very low incomes. The Las Casitas project
received a Vintage Award from the Inland Empire Section of the American Planning Association.
The NHDC received an honorable mention from the Maxwell Award from Fannie Mae for another ,
housing project, Villa del Norte. This prestigious award was the fourth received by NHDC for
that project.
Senior Housing - Prairie Pacific Development Corporation and the Agency entered into a DDA ,
to construct 159 senior apartment units adjacent to the City's library. The Agency issued Housing
Revenue Bonds which were sold to the Bank of America, which finalized the project's financing. '
Construction began in May 1997 and the complex is scheduled to open in 1998.
Home Ownership - The Agency has an agreement with Neighborhood Housing Services to ,
implement a First-Time Homebuyer Program. Sixteen families were assisted through the program
in this fiscal year which provides a silent second mortgage to home buyers in lieu of a traditional
down payment. ,
ENGINEERING
Transformation of the Old County Library building into the new Lions East Community Center '
began in Fiscal Year 1996-97. This facility, located at 9191 Base Line Road adjacent to the
existing Lions Community Center, will provide an additional 11,000 sq. ft. which will be used for '
youth programs. Renovation improvements included: ADA modifications, lighting rehabilitation,
new HVAC (Heating, Ventilation and Air Conditioning) installation, plumbing upgrades, interior ,
modifications, exterior painting, redesign of the existing landscape and irrigation system, and minor
parking lot improvements. It is anticipated that these improvements will be completed in FY 1997-
98. ,
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' Renovation plans for the ADA improvements at Lions West Community Center, located at 9161
Base Line Road, were completed. Plans for this facility include modifications to provide
accessibility, including the addition of a lobby and entry corridor, restroom improvements, kitchen
modifications, and relocation of classroom, office and storage space as well as full parking lot
' improvements. Construction of this facility is scheduled to commence upon completion of the
Lions East Project in Fiscal Year 1997-98, and will require approximately 5 months to complete.
' Improvements to the second floor of the Rancho Cucamonga Public Library, which were
completed in June, added office space and study areas to accommodate the new Library Literacy
Program. Improvements included HVAC, lighting and electrical modifications, and the addition
' of temporary walls and doors.
Transformation of a vacant retail building into the new Rancho Cucamonga Family Sports Center
' began in the Spring of 1997. Located at 9059 San Bernardino Road, this approximately 36,000
sq. ft. facility will provide indoor recreational amenities including a gymnasium for basketball,
volleyball and soccer, racquetball courts, locker rooms with showers, snack bar/pro-shop, meeting
rooms and office space. Improvements are scheduled for completion in the Fall of 1997.
The Rancho Cucamonga Senior Center, located at 9791 Arrow Highway, saw the continuation
of improvements this year. Security Cameras were installed in the north and south parking lots
in June, and plans were prepared for the expansion of the existing parking lot onto an adjacent
lot to the east. Construction of the parking lot expansion is expected to be completed in Fiscal
Year 1997-98.
' Construction of Phase I of Etiwanda Creek Park was completed in September 1996, and provides
12 acres of additional parkland for the residents of the City. Improvements at the park include
2 football fields with soccer overlays, picnicking amenities, a play area/tot lot, a restroom building
' and parking.
Fiscal Year 1996-97 also saw the addition of a ramp to be used for mounting horses by physically
' challenged individuals at the Heritage Park Equestrian Unit, located at 5546 Beryl Street.
The most significant design project for Fiscal Year 1996-97 was for Day Creek Boulevard
' between Base Line Road and the Highland Avenue The street design was coordinated with and
will be constructed in conjunction with the future Route 30 Freeway project. The construction
of Day Creek Boulevard is scheduled to commence March, 1998.
1 The most significant construction project was the widening of Haven Avenue between Deer Creek
' Channel and Base Line Road.. The project widened the southbound roadway to three lanes
between that reach by replacing the open channel on the west side of Haven Avenue with a pipe.
The project also improved the Haven Avenue intersections at Church Street and Base Line Road.
This is the first phase of replacing the open channel that extends to north of Highland Avenue
and thereby allowing for the widening of the west side of the Haven Avenue roadway.
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Arrow Route at the railroad spur west of Milliken Avenue was improved by widening the crossing '
at the spur and improving the north side of Arrow Route between the spur and Milliken Avenue '
This project eliminated the final bottleneck in Arrow Route from Haven Avenue to Milliken
Avenue.
Rochester Avenue at the SCRRA (Southern California Regional Rail Authority) railroad tracks '
was designed with construction pending final approval by SCRRA. The project will widen the
crossing as well as improve the street from north of the tracks to south of 8th Street. '
Archibald Avenue at 4th Street improvements were designed with construction pending final
coordination with utility companies. The project will widen 4th Street to provide a right tum lane '
and widen Archibald Avenue to the north of 4th Street to provide a bus bay and acceleration lane.
Construction is anticipated to commence in Fiscal Year 1997-98.
The Almond Street and Henry Street drainage and street improvement project was designed and '
constructed during Fiscal Year 1996-97. This project will alleviate drainage problems at the ,
intersection as well as reconstruct the failed portion of the streets due to those drainage issues.
Bike Routes were designed and signed on Etiwanda Avenue from Foothill Boulevard to Base Line ,
Road., and on 11iillside Road, Haven Ave., and Wilson Ave. between Cucamonga Creek to Deer
Creek Channels.
Traffic Signals at Church Street and Milliken Ave., Terra Vista Parkway and Milliken Ave., 19th ,
Street at Hermosa Ave., and Victoria Park Lane at Milliken Ave. were designed and installed. In
addition, a traffic signal at 4th Street and lvfrlliken Ave. was installed in conjunction with the City '
of Ontario. A traffic signal for Foothill Boulevard at Baker Ave. was designed to be installed in
coordination with Caltrans. Installation is scheduled for Fiscal Year 1997-98.
Jersey Boulevard between Haven Ave. and the railroad spur west of Milliken Ave. was improved. ,
The project reconstructed and widened the pavement within that reach and also installed drainage
improvements thereby protected the street from flooding. The pavement on Hermosa Ave. '
between 4th Street and Foothill Boulevard was also reconstructed. A street rehabilitation project
improved various local streets throughout the City. This project extends the life of the pavement
on those streets while improving the streets ride and appearance. ,
PLANNING
A. Current Planning
During the 1996-97 fiscal year, the current Planning section processed a number of major ,
development projects, permit entitlements, and special projects as summarized below:
Staff processed a total of 672 applications of all types, ranging from Home Occupation Permits ,
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' to Tentative Tract Maps.
Major development projects which were processed included Kaiser, San Carmela by Mark Taylor,
and Auto Nation.
' Major projects that went through plan check and/or were under construction included Masi Plaza
Cucamonga Comerpointe by Griffin, Kaiser, Villa Pacifica, and Foothill Meadows by Diversified
' Pacific.
The Current Planning section was involved with many special projects including: updating the
' Development Code, Industrial Area Specific Plan, and other regulatory documents; Route 30
Freeway Task Force; Signage Task Force, Foothill Boulevard Task Force, and Economic
Development Task Force.
' B. Advance Planning
A City-initiated multi-family housing study was undertaken and completed. The study was
intended to revisit a previous three-year old study in the City and what would be a healthy
balance of residential land use opportunities. In addition, staff processed six specific/community
plan amendments, one Development District Amendment, and six General Plan Amendments.
' Five new County and eight new governmental referrals were received and reviewed. Three of the
county and two of the government referrals required responses.
' The County referrals requiring a response included the following:
♦ Mid Valley Sanitary Landfill Permit Revision
♦ Lin Yen Temple - Religious Retreat
' ♦ Milliken Land Fill Permit Revision
The governmental referrals requiring a response included the following:
' ♦ City of Fontana EIR Review Mixed Use Development Project
♦ SCE Public Utilities Divestiture
Historic Preservation accomplishments included the following:
♦ Designated one residence (Nesbit-McCorkle) as a Landmark, and one site as a
Points of Historic Interest (North Town Theater).
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♦ During this period, one Mills Act Property Tax Reduction Agreement was entered '
into by land marked property owners to reduce property taxes and secure on-going ,
maintenance for the Nesbit-McCorkle Residence.
C. Community Development Block Grant Administration ,
This year saw the completion of several capital and facility improvements, including: the ,
completion of the 95th Street construction project for 9th Street from Grove Avenue to
Edwin Street and the design of improvements for Tapia Via Drive from Grove Avenue to
Rancheria Drive and Rancheria Drive from Grove Avenue to Tapia Via Drive. In order to '
accormnodate handicapped persons, the City installed 80 square feet of handicapped curbing.
Interior improvements to the City's Senior Center are approximately 60 percent complete
and include new acoustical tiles, chair rails, corner guards, and ADA improvements. Finally, ,
the installation of handicap improvements to the Lion's East facility is approximately 90
percent complete. Design plans for Lions's west have been completed and the project has ,
gone to bid.
The City-run Home Improvement Program offers eligible residents grants or deferred '
payment loans to complete needed repairs to their homes. A total of 35 lower income
households were assisted through this program, with a total of 1 loan, 11 grants, and 23
emergency grants. In addition, another 54 households were assisted with minor home repairs. ,
A range of public service activities are funded through the City Community Development '
Block Grant Program including youth programs, graffiti removal, and food and shelter
assistance. A total of 49 at-risk youth were provided after school activity and guidance,
approximately 10,430 square feet of graffiti was removed from target neighborhoods, and the '
City continued to fund landlord/tenant and fair housing activities to approximately 266
households. Additionally, public services were provided to assist 65 homeless or near
homeless households through HOPE, 7 families with transitional shelter and assistance ,
toward obtaining permanent housing through Foothill Family Shelter, and 8 battered spouse
households were provided shelter at the House of Ruth. In addition, 18,285 meals were ,
provided to 1,219 persons in need.
The 1997-98 Consolidated Annual Plan and the 1995-96 Annual Performance Report were '
both completed during the 1996-97 fiscal year.
BUILDING AND SAFETY
Building activity for Fiscal Year 1996-97 exceeded one hundred and thirty eight million
dollars. Single Family Residential construction contributed to a third consecutive year of
sustained activity. Lewis Homes and Centex Homes were leaders in the upsurge in residential
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' construction activity.
' The Building and Safety Division provides plan checking and inspection activities for
compliance with Uniform Building and Fire Codes and Code Enforcement of Municipal
Code Property Maintenance Standards in a coordinated environment.
COMMUNITY SERVICES
' The Community Services Department continued to devote its energy during Fiscal Year
' 1996/97 to the provision of quality cultural, recreational, senior and human services programs
as well as providing administrative support to the events held at the Epicenter. Demand for
community services to address the needs of the residents and their families remained high.
' Fiscal Year 1996-97 found the Community Services Department reassessing and improving
existing programs/services. The following major activities were accomplished:
' A. Youth Programs and Activities
The very popular Playschool program (operated September - June) for youngsters from one
' to five years old continued to provide classes to more than 450 children, enhancing their
social skills while creating a fun environment in which to learn. Play Camp, which operates
' in July and August serves up to an additional 250 children.
The Contract Classes Program continued to be a successful part of the Community Services
Department. In Fiscal Year 1996-97, we offered more than 1,000 classes throughout the year
and provided leisure activities to more than 8,000 individuals.
' Annual events continuing to garner the enthusiasm and participation of the community
included:
' ♦ The annual Breakfast with Santa was offered and saw more than 2,000 children and
parents celebrate the holidays, make a craft, sing songs and dine with Santa
Breakfast was provided as a community service project by the Rancho Grande
Kiwanis Club.
♦ A new program, the Spring Children's Concert featuring the "Happy Crowd" was
held in March at the Epicenter. Over 1,600 attended two performances.
' Other activities included a nine-week Summer Day Camp, and the Kid Explorers Summer
Program.
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B. Family Program/Activities '
Family oriented programs and activities also offered during Fiscal Year 1996-97 included: '
♦ The 4th of July Celebration at Red Hill Community Park where over 7,000 residents '
enjoyed a fun-filled day in the park.
♦ The 12th annual season of Concerts in the Park presented six concerts offering a ,
variety of music which approximately 10,800 residents enjoyed evenings of music
under the stars. '
♦ Art in the Park provided a day of cultural arts and crafts, dancing, music, magic,
puppets, and more representing various cultures of our community to approximately '
6,000 community members.
♦ Over 18,000 residents celebrated our City's 19th anniversary of city hood by ,
attending the Founder's Day Parade and Celebration held on the second Saturday
of November with a theme of "Champions in the Making". '
♦ Movies in the Park provided approximately 12,000 residents with six weeks of family
movies on Tuesdays and Fridays. Special theme contests were offered to enhance ,
the program.
♦ The community usage of the four reservable parks in the City of Rancho ,
Cucamonga (Heritage, Red Hill, Coyote Canyon and Hermosa) had an estimated
attendance of 51,479. ,
♦ The following facilities were also utilized by community residents during Fiscal Year
1996-97; Equestrian Center (3,650), Amphitheatre (8,820) and Civic Center ,
Courtyard (1,385).
C. Teen Programs and Activities '
Teen Recreation Activity Club (TRAC) meets monthly during the school year to plan '
activities and discuss future programs. They also sponsor an annual Christmas Party and End
of the Year Party and recognized for their service each May at the Park and Recreation
Commission meeting. TRAC members also receive a monthly newsletter, the TRAC Tattler ,
with information about upcoming activities and volunteer opportunities. Thanks to the active
participation of young adults in the TRAC, many programs and activities were supported
through their volunteer efforts. '
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' ♦ Teen Snack Bars operated various community and special events throughout the
' year helping to raise funds for teen activities.
♦ Night on the Town is a teen operated babysitting service through which 50 youth
' volunteered their services bi-monthly to help parents get a little 'R & R" while at
the same time providing entertaining and enriching activities for youngsters.
' ♦ Our third annual Teen Job Fair and Job Skills Workshop was held in April and
attracted over 200 teens. The Job Fair featured educational sessions and a local
' business vendor fair.
♦ The Teen Learning Center had a successful summer. Fifty (50) teens volunteered
over 3,000 hours of community service during the ten weeks of summer.
♦ Teen Trips to the amusement parks and beaches continued to be popular.
' D. Sports
♦ The City continued its third year of Youth Roller Hockey at the expanded parking
lot on Rochester across the Epicenter. Over 1,900 boys and girls participated.
' Portable rinks were used and games/practices were scheduled around the Quakes
baseball season and special events to ensure multiple use of the parking lot. This
three season program ranked third highest participation in California among roller
' hockey programs and first highest in the state amongst cities.
' ♦ Summer swim lessons attracted over 3,400 participants. This is the largest summer
swim lesson program in the County of San Bernardino and over 6,200 children
participated in the afternoon recreational open swim program. .
' ♦ Pee Wee Soccer attracted 760 participants (3-5 year olds) this last year, and Pee
Wee Baseball attracted 755 three to five year olds to learn the basic fundamentals
of baseball. We now have two seasons of soccer, Spring/Fall.
' ♦ This was the third year of use at Rancho Cucamonga High School for the youth
basketball program (805 boys and girls participated.) This was due to our joint use
agreement which allowed gym use in exchange for allowing the high school to use
' the Epicenter for their graduation ceremonies. The youth basketball program
currently utilizes facilities at all three high schools and three intermediate/middle
schools.
♦ Youth Basketball and Youth Roller Hockey Programs continue to fund raise by
' xiii
1
recruiting sponsors. Over $47,000 was raised this year in sponsorships. The Youth '
Sports programs this utilized 1,165 volunteers as coaches, assistant coaches and ,
team moms.
♦ The City's Adult Softball Program increased to 465 teams (7,709 participants) this ,
year.
E. Senior Programs/Activities '
Senior Center.special events included six (6) holiday related major events. Five of which are '
cosponsored by the Rancho Cucamonga V.I.P. Club. In addition, there are six (6) mini-events
that are organized entirely by center staff. These events take place throughout the year which
averages out to one event per month. '
City-wide senior related special events include the annual Senior Citizens Fine Art Show,
Senior Pool Tournament, and the newly added Step Out For Seniors Centers event. These ,
affairs attract senior participants from throughout the west-end, and are looked forward to
with high anticipation every year. ,
Among the numerous activities and classes that already exist at the Center we've added an
Intermediate Exercise Class, Beginning Chess Class, a revamped Walking Class, and an ,
additional Arthritis Class. Due to the increased participation in fitness classes we've added
an annual Health and Fitness Seminar to promote the benefits of good nutrition, health and
fitness. Also, we now provide musical entertainment every Wednesday, during the nutrition '
program thanks to our very talented volunteers.
The Old-Timers Foundation continues to provide meals for our daily nutrition program. In ,
addition to providing meals for walk-ins, they also deliver meals to seniors who are
homebound. Also, our end of the month birthdays for seniors are co-sponsored by the '
Old-Timers Foundation.
F. Human Services Programs/Activities ,
Annual city-wide events include the Senior Health Fair & Flu Shot Clinic, Step Out for '
Senior Centers Health Fair, and the upcoming Volunteer Fair. Evening presentations related
to health and fitness are also provided for the community on a registration basis with no fees
required. '
"The Doctor is In" lecture series, presented monthly at the Senior Center, continues to be
a program favorite. Among the many health related topics covered are Diabetes, Breast '
Cancer, Depression, and Thyroid Disorders. New programs include Elder Law which deals
xiv ,
' with issues such as Medicare, Medicaid, long-term care, living trusts, estate planning, wills,
and more. Furthermore, this program offers private counseling sessions on an appointment
basis.
The Well Baby Clinic and Health Screening program, co-sponsored by the County of San
Bernardino, provide's physical examinations for infants through 5 years of age and for seniors
60 years and older. Also, an Immunization Clinic provides immunizations for children ages
' 2 months through 18 years of age and senior citizens.
' In addition, numerous information and referral publications have been updated to assist the
community including: a comprehensive community resource directory; senior housing
directory; a child care directory; adult day care resource list; and an emergency services
' resource list.
G. Epicenter Events and Rentals
' Twenty (20) special event and rental bookings took place during Fiscal Year 1996-97 at the
' Rancho Cucamonga Epicenter. Events included such activities as the San Diego Padres
Exhibition and Game, First Baptist Church Easter Services, the Silver Bullets Celebrity
Tournament, ACE Youth Softball Tournament, The Daily Bulletin High School All-Star
' Game, the City Spring Children's Concert, the Founder's Day Celebration, the Fire
Department Holiday in July Toy Drive, Boy Scouts Scout-o-Rama, and the DARE Soccer
Tournament. Commercial filming was popular at the Epicenter Stadium with six (6)
' television and advertisement film shoots such as two commercials with Mike Piazza, a Nike
commercial with Hideo Nomo, an American Heart Association commercial with Tommy
' Lasorda, and a commercial with Chung Ho Park just to name a few.
H. Other Highlights
' The City's quarterly newsletter, The Grapevine, serves as a strong link in uniting the three
founding communities of Alta Loma, Cucamonga and Etiwanda. In addition, the quarterly
newsletter informs the City's rapidly growing population of new policies, development,
activities and recreational opportunities taking place in the community.
' Other activities included a nine-week Summer Day Camp, the Kid Explorers Summer
Program, and the "Just for Kids" workshops offered to the youth in our community.
POLICE DEPARTMENT
' The City of Rancho Cucamonga continues to be rated as one of the safest cities with a
population over one hundred thousand. The Police Department, with the on-going support
xv
of its citizens and elected officials, plan on continuing this trend. The past year saw the '
increase of the patrol force by five (5) officers through the receipt of a Federal Grant. The '
continued recruitment of Citizen Volunteers and Reserve Officers also provides the city with
over eighty personnel to supplement the regular staffing. A primary focus of the upcoming
year will be upon the Police Department's continued commitment to increased ,
visibility/availability to its citizens.
Highlights for Fiscal Year 1996-97 include: ,
♦ Receipt of a Federal Grant which will provide funding for equipment and materials '
for the opening of six (6) neighborhood satellite police offices.
♦ The purchase of a Mobile Field Office to allow community policing and crime '
prevention officers to take their message directly into neighborhoods and shopping
centers.
LIBRARY ,
♦ Voted in the Inland Valley Daily Bulletin in 1997 as the 'Best Iabrary in the Valley", '
statistics from the State Library show the Rancho Cucamonga Public Library as the
busiest library per hour in the state of California, with an average daily traffic count ,
of over 1,200 visitors and nearly 2,000 items borrowed each day.
♦ The Ubrary Telethon broadcast over Marks Cablevision in April of 1996 netted the ,
Library $41,000. The funds were used to open a new Technology Center in the area
designated for lifelong learning. Consisting of 6 pentium computers, the Center ,
offers full Internet access and many PC and CD Rom programs to enhance job
search skills and other vital adult learning skills.
♦ Friends of the Rancho Cucamonga Public Library received the 1996 CALTAC
(California Association of Library Trustees and Commissioners) Award in
recognition of the 50 individuals who have volunteered over 10,000 hours of their '
time managing a retail bookstore in the public library and donating over $100,000.
♦ Thanks to grants awarded by the State in Fiscal Year 1996-97, a volunteer '
tutor-based adult literacy program continues to flourish, along with a family literacy
program, a multi-generational storytelling program and a project to develop a '
planned giving program for the library's Foundation.
xvi '
' CASH MANAGEMENT
' Cash not immediately needed to finance City operations during the year was invested in short-term
money market instruments in accordance with State laws governing deposit of public funds. The
' City invests in time deposits from 14 to 720 days maturity, issues of federal agencies, bankers
acceptances, mortgage securities and the State of California's, Local Agency Investment Fund
(LAIF). It is the objective of staff to attain a greater percentage of invested funds, while
' maintaining the necessary reserves needed to fund City services.
DEBT ADMINISTRATION
' The City of Rancho Cucamonga, as a general law city, is restricted from incurring general
' obligation bonded indebtedness which would exceed 3.75% of the total assessed valuation
of all real and personal property. The City of Rancho Cucamonga does not have any general
obligation debt; however, the City and its component units do have various bond and
' certificates of participation issues. Note 11 of the Notes to the Financial Statements of this
report presents more detailed information about these issues.
' On September 1, 1996 the Rancho Cucamonga Redevelopment Agency issued 1996 Housing
Set-Aside Tax Allocation Bonds in the amount of$37,665,000 in order (I) to repay the note
issued by the Agency to Sanwa Bank in the remaining principal amount of$20,783,487; (ii)
to pay off the non-taxable term loan to Sanwa Bank in the principal amount of$5,841,301
plus prepayment penalties; (iii) to complete the projects for which the loans were originated,
' namely Mountainsides Monterey Village and Sycamore Springs; and (iv) 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.
RISK MANAGEMENT
' During Fiscal Year 1996-97, the City of Rancho Cucamonga continued its commitment to
risk management programs for safety, general liability and workers' compensation. Aggressive
' claims handling and a strong litigation stand have assisted in maintaining an appropriate
reserve for current and future claims payments. In addition, various risk control techniques,
' including employee accident prevention training, loss control techniques, loss control through
safety programs and employee hazardous identification programs have been implemented
to minimize accident-related losses and exposure by the public.
The City of Rancho Cucamonga is self-funded for the first $100,000 of loss for general
xvii
liability claims and purchases coverage from $100,000 to $10.0 million dollars in loss. The '
City of Rancho Cucamonga utilizes a self-funded workers' compensation program. There will '
be an on-going commitment to risk management programs to ensure the safety of the public
and city employees and to reduce the financial exposures from catastrophic losses within the
City's boundaries. ,
III. PROSPECTS FOR THE FUTURE
General Fund revenues, such as sales tax, permit and development fees, franchise fees, and ,
motor vehicle license fees are growth related and reflect a continued positive growth in the ,
economy in general. The result is greater stability; however, it is also accompanied by a
greater demand for services from police to maintenance. Twenty-Five percent of the
General Fund's proposed budget for Fiscal Year 1997-98 is attributable to increased police '
costs alone.. Growth continues to increase and becomes a significant factor in the provision
of services.
Our assessment districts currently remain stable at level A service level. The continued ,
installation of the moisture sensor program and continued wet seasons help to keep costs ,
stable even in the face of inflation. The successful retention of PD-85 through the property
owner election has preserved the maintenance budget for Red Hill and Heritage Park. The
biggest challenges continue to be costs imposed by other agencies that may not be easily '
passed on because of Proposition 218 constraints. Cucamonga County Water district has
already informed the City informally that planned rate realignments will increase the City's '
water rates over a multi-year period of time. When implemented, such increases will
increase the cost of the City's maintenance budgets, but these increases may not be
translated into increased assessments without a property owner election. The result will be '
more costs that will be difficult, at best, to recover.
Library services were fully implemented in Fiscal Year 1994-95 with the transfer of the San ,
Bernardino County Library Tax revenue to the City and the opening of the new library. The
transition between County and the City has been tremendously successful with a much higher ,
level of service and exceptional community support. Through recent public surveys, the City
will be addressing the need for greater noise and congestion control through the continuation
of the Library monitor program and the addition of a full time Library Clerk to help reduce ,
long lines at the Circulation Desk. Additionally, all library computers are to be upgraded.
Finally, the additional part time staffing is being obtained to provide full Internet access to
the public from '"The Technology Center". ,
The Citys law enforcement contract with San Bernardino County Sheriffs Department '
continues to rise in cost with an eight point four percent (8.4%) increase. This increase
xviii ,
incorporates a full year of the five new police officers added in April 1997. The Department
will acquire two additional motorcycles for the Traffic Division to be utilized for enforcement
duties designed to reduce traffic collisions. During Fiscal Year 1997-98, the Department will
implement the mobile substation/command center that will increase the level of crime
prevention and community interaction in our law enforcement program.
The Redevelopment Agency continues to be aggressive in the area of local economic
' development. The Agency will continue its business outreach programs and local networking
to insure that existing businesses continue to find success in the City. In Fiscal Year 1997-98,
the Agency will be expanding its support of local business opportunities by development a
local business assistance center where local companies can meet with consultants, free of
charge, and receive information that will aid them in marketing, business plans, loan
' presentations, and other types of business assistance requests.
The Capital Improvement Program for Fiscal Year 1997-98 contains nearly 70 projects with
' a budget of nearly $14,000,000. Major projects include:
' ♦ Design and construction of Day Creek Boulevard from Base Line Road to Highland
Avenue which is coordinated with the Route 30 Freeway construction.
♦ Construction of Foothill Boulevard median between Hellman Avenue and Archibald
Avenue. This project would be phased in three parts (multi-year).
' ♦ Rehabilitation of various local streets.
' Effective August 1996, City Council applied an accelerated version of the previously
approved Utility Tax reduction formula. City Council has always maintained that if greater
reductions could be accomplished beyond the formula, such would be directed. It is
' anticipated that during Fiscal Year 1997-97 the utility tax rate will reduce from 4.21% to
3.91%.
The challenge continues to be sustaining services for a growing population as well as
providing some tax relief while at the same time addressing increased costs with limited
resources. Even as the economy in Southern California comes to life, additional imposed
costs will continue as well as limitations on revenues. Our City must remain vigilant in its
legislative efforts to protect its revenues and its ability to provide the needed services which
' residents and businesses demand and have come to expect here in Rancho Cucamonga.
IV. FINANCIAL STATEMENT ANALYSIS
' The fiscal operations of the City are primarily accounted for in the Governmental Funds
xix
which include the General, Special Revenue, Debt Service and Capital Project funds. The '
total fund equity (aggregate fund balances) in these funds of $181.3 million reflects an '
increase of$9.7 million over the previous fiscal year.
REVENUE ANALYSIS '
During Fiscal Year 1996-97, revenue and other sources amounted to approximately $152.5 ,
million which reflects an increase of$24.7 million when compared to the previous fiscal year.
The following is a recap of Fiscal Year 1996-97 fiscal year general governmental fund type '
revenues by major source. Also presented is the percentage each source represents of total
revenues, and the increase or (decrease) over the prior year.
REVENUE BY SOURCE '
(amounts in thousands)
Increase
(Decrease) '
Revenue and Other Current Percent From
Financing Sources Revenue of Total Prior Year ,
Taxes $ 58,718 38.5% $ 1,180
Licenses and permits 1,795 1.2% 202
Fines and forfeits 226 0.1% (65) ,
Use of money and property 8,966 5.9% 493
Intergovernmental 11,596 7.6% 417
Charges for services 2,976 2.0% 230 '
Development fees 3,604 2.4% 890
Other 3,370 2.2% 652
Total Operating Revenue: $ 91,251 59.8% $ 3,998 '
Debt proceeds 43,866 28.8% 16,749
Transfer from bond trustee - 0.0% (19) '
Operating transfers in 17,411 11.4% 3,923
TOTAL FINANCE SOURCES: $ 152,529 100.0% $ 24,652. '
As the City still continues to see a rise in retail and commercial facilities both expanding and '
relocating into our community we also obtained a $1.2 million increase in tax revenue. This
is related primarily to increased sale and use tax and utility user tax in the General Fund of
$434,498 and $385,420, respectively along with increases in property taxes of the ,
Redevelopment Agency and the Fire District of $139,630 and $173,932, respectively.
Licenses and permits increased 201,649 primarily as a result of building permits increasing ,
$158,518 and business licenses increasing by 43,178. Again, this is due to businesses and
xx '
' commercial facilities expanding and relocating into our community.
' The Use of Money and Property increased $492,749 over the prior year due almost entirely
to increased income from investments. Income from investments was able to increase over
' the prior year for the third time in approximately seven years due to a more stable cash flow
and an increase in funds available to invest.
' Intergovernmental revenues increased $417,003 over the prior year because, in the General
Fund, Motor Vehicle In-Lieu Fees increased $255,378 while state grant reimbursements and
' program grants in the prior year did not continue causing a reduction of ($199,339).
Additionally, in Special Revenue Funds, various federal and state grants overall increased
$361,137.
An increase of $230,092 in developer activity is seen via the rise in revenues from Charges
For Services, specifically related to Planning and Engineering fees. Also relating to
' developer activities is the increase of$890,250 in Development Fees. These are spread over
several of our Special Revenue Funds with the most notable increases being in the System
' Development Fund and the Drainage Facilities Fund and amounting to $509,843 and
$231,038, respectively.
The increase in debt proceeds is due to the Redevelopment Agencys issuance of Housing
' Set-Aside Tax Allocation Bonds, 1996 Issue (Bonds) in the amount of$37.7 million and loans
between the City and Redevelopment Agency in the amount of $6.2 million as compared to
' the previous years amount of 27.1 million. The Bonds were sold to the Bank of America which
finalized the financing of the Senior Housing - Prairie Pacific Development Corporation. This
project is to construct 159 senior apartment units adjacent to the City's library. The Loans
' represent financing to the Redevelopment Agency to accomplish its projects.
' EXPENDITURE ANALYSIS
During Fiscal Year 1996-97, expenditures and other uses amounted to approximately $139.4
million which reflects an increase of $27.9 million when compared to that of the previous
' fiscal year.
' The following is a recap of the current year expenditures and other uses by major function,
including the percentage each function represents of the total, along with the increase or
(decrease) over the prior year.
xxi
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EXPENDITURES BY FUNCTION
(amounts in thousands) '
Increase
(Decrease)
Expenditures and Other Current Percent From '
Fmanc' Uses Fxpenditures of Total Prior Year
General government $ 12,247 8.8% $ 3,546
Public safety 15,444 11.1% 6,027 '
Public safety -fire protection 9,096 6.5% 145
Engineering and public works 8,593 6.2% (388)
Community development 7,439 5.3% 950
Community services 3,010 2.2% (715) '
Capital outlay 16,978 12.2% (14,190)
Debt service 45,208 32.4% 25,576 '
TotalGovemmentFacpenditures: $ 118,016 84.7% $ 20,950
Other 1,023 0.7% 972 '
Operating transfers out 20,319 14.6% 5,964
TOTAL FINANCING USES: $ 139,358 100.0% $ 27,887 '
The City's portion of the General government expenditure increase of $1.1 million is caused '
by various general administrative cost increases totaling 472,641 coupled with an increase of
$586,068 and corresponding reduction in Engineering and public works costs due to the t
reclassification between the current and prior year of expenditures in the System
Development Fund. The remaining 2.4 million of the increase in General government
expenditures was attributable to the Redevelopment Agency's increased activity in affordable '
housing projects.
The General Fund's portion of the Public safety increase was $865,916. Approximately ,
$250,000 of this was due to the opening of the Animal Shelter. The remainder related to ,
the addition of five (5) police officers and cost of living adjustments on the County Sheriff
contract. The remaining $5.2 million of the increase is again due to the Redevelopment
Agency's increased activity in affordable housing projects. Here increases of $2.3 million and ,
$2.9 million occurred for project acquisition and subsidies to low and moderate income
households, respectively.
xxii ,
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' For Engineering and public works overall there was a reduction of $388,124. This was
' primarily caused by the reclassification mentioned above, a reduction of$149,179 in the Gas
Tax and other Special Revenue Funds along with increases of $347,123 in general projects.
' Community development increased $950,019 as a result of instituting Landscape District
projects which were not present in the prior year and performing retrofits on various parks
to comply with the American Disabilities Act.
' Community services decreased $715,052 as a result of a litigation settlement stemming from
a 1989 park site condemnation purchase. This was settled in Fiscal Year 1995-96 with the
' expenditure being recorded then.
' The Capital outlay decrease was composed of two changes. First, capital outlay increased
$3.2 million overall for the City with street, park and building improvement performed.
' These are described in the sections above. The majority of the funding for these projects
was made from the Measure I Fund which had $2,846,863 of this increase. The second
change is accounted for by the Redevelopment Agency's decreasing its capital outlay by
$17,430,130 as a result of completing project/commitments during the prior year.
The Debt service increase, of 25.6 million is related to the Redevelopment Agency's
retirement of a loan from Sanwa Bank. This loan was the initial funding of the Senior
Housing Project - Prairie Pacific Development Corporation which was done during Fiscal Year
1995-96.
' PROPRIETARY FUND TYPES
A. Internal Service Fund
' The City maintains internal service funds for Vehicle Replacement and Data Processing
Equipment/Technology Replacement. These fund are supported by user charges to
' customers; however, the Data Processing Equipment/Technology Replacement Fund was
established during the current year by contributions from other funds and user charges to
customers will not start until next year. Internal service funds account for services to the
various departments within the City. The following represents activity during the current
(1996-97) and the previous (1995-96) fiscal years:
t
' xxiii
1
1
(amounts in thousands) t
1995-96 1996-97 ,
Operating Revenues $ 327 $ 195 '
Non-Operating Revenues 414 507
Operating Transfers In 500 2,671
Total Financing Sources 1,240 3,372 '
LESS: Operating Expenses 76 1,051 '
NET INCOME/ (LOSS) $ 1,165 $ 2,321
The Fleet Maintenance Fund increased its retained earnings by approximately $2.3 million. '
The fees to this Internal Service Fund are a combination of direct transfers of monies
approved during the budgetary process and a formula to recapture vehicle and equipment ,
costs.
A. Enterprise Fund ,
This enterprise fund was established for the Rancho Cucamonga Sports Complex, more '
commonly known as the Epicenter. This fund is supported by charges to customers, rental
fees, and an admission tax. This fund accounts for personnel and operating costs directly
associated with the operations of this facility. The following represents activity during the ,
current (1996-97) and the previous (1995-96) fiscal years:
(amounts in thousands) ,
1995-96 1996-97
Operating Revenues $ 1,053 $ 961 '
Non-Operating Revenues 207 148 t
Operating Transfers In 366 237
Total Financing Sources 1,626 1,347
LESS: Operating Fxpenses 2,108 1,851 '
NET INCOME/ (LOSS) (482) (504) '
PLUS: Add Back Depreciation Related
To Contnbuted Capital 419 430
CHANGE IN RETAINED EARNINGS $ (63) $ (74) '
xxiv ,
1
' The Enterprise Fund had a net reduction in retained earnings of $74,037 during Fiscal Year
' 1996-97.
V. GENERAL FIXED ASSETS
' General fixed assets of the City are those fixed assets used in the performance of general
governmental functions and exclude the fixed assets of Proprietary Funds. As of June 30,
1997 the general fixed assets of the City amounted to $114,062,622. This amount represents
the original cost of the assets, net of additions and deductions from July 1, 1996 to June 30,
1997 and is considerably less than their present value. The system of accounting presently
' recommended by the Governmental Accounting Standards Board (GASB) does not allow for
the recording of depreciation of general fixed assets as an expense of governmental funds.
' VI. INDEPENDENT AUDIT
The required audit of the books of accounting and financial records, and transactions of all
departments of the reporting entity was conducted by independent certified public
accountants selected by the City Council. The auditors opinion has been included in the
Financial Section of this report.
VIL ACKNOWLEDGMENTS
The cover photograph on this Fiscal Year 1996-97 Comprehensive Annual Financial Report
was taken by David A. Gautreau.
' The preparation of this report on a timely basis could not have been accomplished without
' the efficient and dedicated services of the entire staff of the Finance Department and the
administration staff of the Administrative Services Department. We appreciate and would
like to commend all the City departments who assisted and contributed material. We also
' recognize and would like to acknowledge the Mayor and members of the City Council for
their interest, dedication, and constant support in planning and conducting the financial
operations of the City in a responsible and progressive manner.
Respectfully Submitted,
a��
Jack Lam, AI Lawrence I. Temple
City Manager Administrative Services Director
xxv
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CITY OF RANCHO CUCAMONGA, CALIFORNIA
CITY OFFICIALS
JUNE 30, 1997
' CITY COUNCIL
Name Term Expires
William J. Alexander Mayor 1998
' Rex Gutierrez Mayor Pro Tem 2000
' Paul Biane Councilmember 2000
' James V. Curatalo Councilmember 1998
Diane Williams Councilmember 1998
ADMINISTRATION AND DEPARTMENT HEADS
City Manager and Executive Director of the
Rancho Cucamonga Redevelopment Agency Jack Lam
' Deputy City Manager Jerry Fulwood
' City and Redevelopment Agency Attorney James L. Markman
Treasurer(term expires 2000) James Frost
' City Clerk (term expires 2000) Debra Adams
' Redevelopment Agency Manager Linda Daniels
Administrative Services Director Lawrence I. Temple
Finance Officer Susan Stark
' City Planner Brad Buller
Building Official Bill Makshanoff
1 City Engineer Joe O'Neil
tCommunity Service Manager Suzanne Ota
Library Manager Debra Clark
' xxvi
The Rancho Cucamonga Team
CITY COUNCIL
(RDABOARD) ___ CITY CLERK _ CITYTREASURER
(FIRE BOARD)
PARK&RECREATION BOARDOFLIBRARY PLANNING/
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ABOUT RANCHO CUCAMONGA
Rancho Cucamonga is situated in the southwest corner of San Bernardino County, 37 miles east of downtown Los Angeles and 15 miles
west of downtown San Bernardino. The San Gabriel Mountains rise majestically to the north and the communities of Upland, Ontario and
Fontana surround the City on the west, south and east respectively. In a region known as the West Valley, Rancho Cucamonga is
strategically located at the hub on an extensive transportation network and within short commute distances of major employment centers
in southern California. The city encompasses the 37.5 square miles which originally made up the communities of Cucamonga,Alta Loma
and Etiwanda, becoming the incorporated City of Rancho Cucamonga in 1977.
. 1
Certificate of 1
Achievement
for Excellence 1
in Financial 1
Reporting
Presented to
City of Rancho Cucamonga,
California fi
For its Comprehensive Annual 1
Financial Report
for the Fiscal Year Ended
June 30, 1996
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest 1
standards in government accounting
and financial reporting.
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r/00�j California Society of
Municipal Finance Officers
Certificate of Award
Outstanding Financial Reporting 1995-96
Presented to the
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City of Rancho Cucamonga
Thtr cerrJ?cate is irsued in recognition of meeting professional standards and criteria/n reporring which reflect a high level of quality
in the annual financial statements and/n the underlying accounting system from which the reporb wen prepared
February 24, 1997
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President CSMFO
86 Dedicated to Excellence in Municipal Financial Management X
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Burr
\r (714)
orth Brea Boulevard Brendon.P rker 8
ISLLance Donaltl L.Parker
I &. e 203 Michael K.Chu
haea, CA 92821-4056 David E.Hale
' 9 672-0022 A �
Fax(714)672-0331 Robert C.Lance
CERTIFIED PUBLIC ACCOUNTANTS 'd
Richarrd C.C.Shc
Fred J.Lun®hard,Jr.
City COUnCII
City of Rancho Cucamonga
Rancho Cucamonga, CA 91730
INDEPENDENT AUDITORS' REPORT
' We have audited the general purpose financial statements of the City of
' Rancho Cucamonga, as of and for the year ended June 30, 1997 as listed in the
accompanying table of contents. These general purpose financial statements are the
responsibility of the City's management. Our responsibility is to express an opinion on
these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the general purpose financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the general purpose financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall general purpose financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the City of Rancho
Cucamonga, at June 30, 1997, and the results of its operations and the cash flows of its
proprietary fund types for the year then ended in conformity with generally accepted
accounting principles.
' Our audit was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole. The supplemental schedules listed in the
accompanying table of contents are presented for purposes of additional analysis and are
not a required part of the general purpose financial statements of the City of Rancho
Cucamonga. Such information has been subjected to the auditing procedures applied in
' the audit of the general purpose financial statements and, in our opinion, is fairly presented
in all material respects in relation to the general purpose financial statements taken as a
whole.
' September 18, 1997
MEMBER
CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
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CITY OF RANCHO CUCAMONGA Exhibit A
COMBINED BALANCE SHEET-ALL FUND TYPES
AND ACCOUNT GROUPS
JUNE 30, 1997
FIDUCIARY
GOVERNMENTAL FUND TYPES PROPRIETARY FUND TYPES FUND TYPE ACCOUNT GROUPS
General General TOTALS
Special Debt Capital Internal Fixed Long-Term (Memorandum Only)
ASSETS AND OTHER DEBITS General Revenue Service Projects Enterprise Service Agency Assets Debt 1997 1996
Cash and investments(Notes 1 and 3) $ 28,472,513 E 26,467,844 $15,691,734 S 70,766,118 $ 159,344 E 13,566,343 $ 10.597,613 $ - S $ 165,721,509 $ 148,546,666
Cash and investments with fiscal agent(Note 3) - - 5,452,184 - - - 5,422,471 - - 10,874,655 10,363,567
Restricted cash(Note 3) - - - 790,000 - - 7,663,968 - - 8,453,960 7,421,981
Investment-land held for resale(Notal) - - - 8,501,294 - - - - - 8,501,294 10,778,871
Receivables(net of uncollectibles) 2,554,509 2,181,252 188,585 12,527,526 99,609 - 125,149 - - 17,676,630 15,546,545
Due from other funds(Note 13) 2,321,381 18,094 397,659 3,152,119 - - - - - 5,889,453 1,659,972
Deposits - - - 430,500 - - - - - 430,500 541,241
Prepaid PERS costs(Note 4) 1,412,421 - - - - - - - - 1,412,421 1,096,403
Advances to other funds(Note 13) 16,176,627 - - 4,290,000 - - - - - 20,466,627 19,062,211
Fixed assets-net book value(Notes 7 and 8) - - - - 20,131,772 1,216,168 - 114,062,622 - 135,410,562 132,698,653
Amount available in debt service funds - - - - - - - - 20,482,453 20,482,453 19,519,025
Amount to be provided for retirement
of general long-term debt - - - 167,363,013 167,363,013 159,341,866
Total Assets and Other Debits $ 50,937,451 E 287667,190 $21,730,362 E 100,457,557 $ 20,390,725 § 14,782,511 $ 23,809,201 $ 114,062,622 $187,845,466 $ 562,683,085 $ 526,577,001
LIABILITIES,FUND EQUITY AND OTHER CREDITS
Liabilities:
Accounts payable $ 792,492 $ 1,207,725 $ 1,232,148 E 267,282 $ 96,410 S 329,141 $ 168,145 $ - $ - $ 4,093,343 $ 2,861,785
Accrued payroll payable 133,180 317,069 - - 13,294 - 5,651 - - 469,194 490,202
Accrued employee benefits (Note 11) 1,465,608 625,991 - - - - - - 1,722,677 3,814,276 3,345,778
Deposits - - - 3,864 - - 7,614,669 - - 7,618,533 7,413,901
Due to other funds(Note 13) 363,209 2,242,141 15,150 3,267,099 - - 1,854 - - 5,889.453 1,659,972
Due to other governments - 268,372 611 - - - - - - 268,983 217,455
Deferred revenue(Notes 6) 7,860,760 172,400 - - - - - - - 8,033,160 6,534,015
Deferred compensation payable(Note 16) - - - - - - 5,422,471 - - 5,422,471 4,541,108
Obligation under capital leases(Note 11) - - - - - - - - 627,148 627,148 875,340
Bond indenture reserve requirements - - - - - - 1,457,580 - - 1,457,580 1,457,580
Payable to trustee - - - - 9,138,831 - - 9,138,831 8,758,555
Advances from other funds(Note 11 and 13) - 300,000 - - - - - - 20,166,627 20,466,627 19,062,211
Bonds and notes payable(Note 11) - - - - - - - - 148,465,000 148,465,000 113,360,000
Developer loans payable(Note 11) - - 16,864,014 16,864,014 44,464,414
Total Liabilities 10,615,249 5,133,698 1,247,909 3,538,245 109.704 329,141 23,809,201 187,845,466 232,628,613 215,042,316
Fund Equity and Other Credits:
Contributed capital - - - - 20,072,998 3,750,000 - - - 23,822,998 20,540,307
Investment in general fixed assets - - - - - - - 114,062,622 - 114,062,622 111,622,070
RetainedRrued(Note
10,703,370 - - - 10,703,370 7,565,268
Reserved(Note 14) - - - - 208,023 - - - - 208,023 219,603
Unreserved - - -
Fund balances:
Reserved(Note 14) 10,914,978 9,263,879 20,886 28,847,370 - - - - - 49,047,113 46,336,457
Unreserved:
Designated(Note 14) 29.407,224 5,394,760 20,461,567 66,901,008 - - - - - 122,164,559 117,717,185
Undesignated 8,874,853 - 1,170,934 - 10,045,787 7,533,795
Total Fund Equity and Other Credits 40,322,202 23,533,492 20,482,453 9Q919,312 20,281,021 14,453,370 - 114,062,622 330,054,472 311,534,685
Total Liabilities,Fund Equity and Other Credits § 50,937,451 S 28,667,190 $21,730,362 $100,457,557 $ 20,390,725 $ 14,782,511 $ 23,809,201 $ 114,062,622 $187,845,466 $ 562,683,085 $ 526,577,001
See Notes to Financial Statements
2
CITY OF RANCHO CUCAMONGA Exhibit B
COMBINED STATEMENT OF REVENUES, Pagel c12
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
GOVERNMENTAL FUND TYPES TOTALS
Special Debt Capital (Memorandum Only)
General Revenue Service Projects 1 9 9 7 1 9 9 6
Revenues:
Taxes $ 21,862,262 $ 14,077,707 $ 17,562,306 $ 5,215,670 $ 58,717,945
Licenses and permits 1.795.225 $ 57,537,967
Fines and forfeits 208,675 16,853 1,795,225 1,593,576
Y
Use of mons and - 225,728 291,189
Intergovernmental property rtY 2,411,805 1,099,656 524,759 4,929,527 8,965,747 8,472,995
5,439,152 6,157,258
Charges for services - 11,596,410 11,179,404
1,084,568
Development fees 1,891,515 3 604 000 - 2,976,083 2,745,991
Other - 3,604,000 2,713,750
3,008,235 362,103 3,370,338 2,718,267
Total Revenues 36,615,069 26,404,145 18,087,065 10,145,197 91,251,476 87,253,139
Expenditures:
Current:
General government 5,365,830 2,249,055 776,206 3,855,740 12,246,831
Public safety 10,282,929 - 8,700,927
- 5,161,220 15,444,149 9,417,013
Public safety-fire protection 9,096,377 - 9,096,377 8,951,549
Engineering and public works 6,495,631 1,910,593 166,619 8,592,843 8,980,967
Community development 2,928,892 4,509,988 7,438,880 6,488,858
Community services 1,124,226 1,885,977
Capital outlay - 3,010,203 3,725,252
Debt service:
7,372,232 125,911 9,479,676 16,977,819 31,168,055
Principal 102,502 193,612 8,981,695 25,778,705 35,056,514 9,586,760
Interest and fiscal charges 17,715 106,699 6,668,262 3,359,230 10,151,906 10,046,013
Total Expenditures 26,317,725 27,324,533 16,552,074 47,821,190 118,015,522 97,065,394
Excess of Revenues over
(under) Expenditures 10,297,344 (920,388) 1,534,991
(37,675,993) (26,764,046) (9,812,255)
See Notes to Financial Statements
3
CITY OF RANCHO CUCAMONGA Exhibit B
Page 2 of 2
COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1997
GOVERNMENTAL FUND TYPES TOTALS
Special Debt Capital (Memorandum Only)
General Revenue Service Projects 1997 1996
Other Financing Sources(Uses):
Operating transfers in $ - $ 1,128,635 $ 8,719,932 $ 7,562,485 $ 17,411,052 $ 13,488,182
Operating transfers out (4,425,400) - (8,703,503) (7,190,090) (20,318,993) (14,354,541)
Debt proceeds 97,081 - - 43,769,415 43,866,496 27,117,351
Transfer from bond trustee - - - - - 18,730
Other 492,722 (587,992) (928,009) (1,023,279) (50,781)
Total Other Financing
Sources(Uses) (4,328,319) 1,621,357 (571,563) 43,213,801 39,935,276 26,218,941
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses $ 5,969,025 $ 700,969 $ 963,428 $ 5,537,808 $ 13,171,230 $ 16,406,686
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 37,998,324 $ 22,748,884 $ 19,519,025 $ 91,321,204 $ 171,587,437 $155,180,751
Restatements(Note 14) 104,853 83,639 - 60,300 248,792
Beginning of Fiscal Year-as restated 38,103,177 22,832,523 19,519,025 91,381,504 171,836,229 155,180,751
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Us3s 5,969,025 700,969 963,428 5,537,808 13,171,230 16,406,686
Residual Equity Transfer(Note 14) (3,750,000) (3,750,000)
End of Fiscal Year(Exhibit A) $ 40,322,202 $ 23,533,492 $ 20,482,453 $ 96,919,312 $ 181,257,459 $171,587,437
See Notes to Financial Statements
4
CITY OF RANCHO CUCAMONGA Exhibit C
COMBINED STATEMENT OF REVENUES, EXPENDITURES Page 1 of 4
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1997
GENERAL FUND SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
Variance- Variance-
Varlanee-
Favorable Favorable Favorable
Revenues:
Budget Actual Unfavorable Budget Actual (Unfavorable) Budget Actual
(Unfavorable)
Taxes $20,947,500 $21,862,262 $ 914,762 $ 13,391,436 $ 14,077,707 $ 686,271 $ 17,291,405 $ 17,562,306 $ 270,901
Licenses and permits 1,572,300 1,795,225 222,925
Fines and forfeits 266,900 206,875 (60,025) 83,620 18,853 (64,767)Use of money and property 1,760,000 2,411,805 651,805 719,119 1,099,656 380,537
Intergovernmental 4,656,850 5,439,152 782,302 8,021,510 6,157,256 510,422 510,422
Charges for services (1,864,252) - -
Development fees 1,777,400 1,891,515 114,115 1,040,790 1,084,568 43,778 -
2,463,700 3,575,197 1,111,497 _
Other 2,905,480 3,008,235 102,775 333,870 362,103 28,233
Total Revenues 33,886,410 36,615,069 2,728,659 26,054,045 26,375,342 321,297 17,291,405 18,072,728 781,323
Expenditures:
Current:
General government 8,482,156 5,783,982 2,698,174 2,362,030 2,260,626 101,404 1,306,790 779,
Public safety 10,865,318 10,289,005 576,313 417 527,373
_ _
Public salary•fire protection - - 9,213,160 9,096,377 116,783 _
Engineering and public works 7,005,384 6,680,707 324,677 2,093,023 1,919,780 173,243 _
Community development 3,087,040 2,975,855 111,185 5,153,123 4,566,129 586,994 _
Community services 1,215,262 1,124,290 90,972 2,194,989 1,948,733 246,256
Capital outlay - - - 9,285,035 8,108,604 1,176,431 150,000 143,586 6,414
Debt service:
Principal - 102,502 (102,502) 25,000 193,612 (168,612) 18,695,860 6,651,695 10,044,165
Interest and fiscal charges 17,715 (17,715) 99,062 106,699 (7,637) 8,439,072 6,602,059 1,837,013
Total Expenditures 30,655,160 26,974,056 3,681,104 30,425,422 28,200,560 2,224,862 28,591,722 16,176,757 12,414,965
Excess of Revenues over
(under)Expenditures $ 3,231,250 $ 9,641,013 $ 6,409,763 It (4,371,377) $ (1,825,218) $ 2,546,159 $(11,300,317) $ 1,895,971 $ 13,196,288
See Notes to Financial Statements
5
CITY OF RANCHO CUCAMONGA Exhibit C
Page 2 of 4
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
GENERAL FUND SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS
Variance- Variance- Variance-
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Other Financing Sources(Uses):
Operating transfers in $ - $ - $ - $ 1,323,490 $ 1,128,635 $ (194,855) $ 8,331,110 $ 8,331,108 $ (2)
Operating transfers out (1,190,551) (4,425,400) (3,234,849) - - - (8,525,435) (8,703,503) (178,068)
Debt proceeds - 97,081 97,081 - - -
Other - - 492,722 492,722 (3,273,590) (587,992) 2,685,598
Transfer from bond trustee - - - - - - -
Contribution to Fire District - - - - - - - - -
Contribution to Agency Fund -
Total Other Financing
Sources(Uses) (1,190,551) (4,328,319) (3,137,768) 1,323,490 1,621,357 297,867 (3,467,915) (960,387) 2,507,528
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetary Basis) 2,040,699 5,312,694 3,271,995 (3,047,887) (203,861) 2,844,026 (14,768,232) 935,584 15,703,816
Adjustments:
To adjust for encumbrances(Note 1) 656,331 656,331 876,027 876,027 20,886 20,886
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis).Budgetary
Classifications 2,040,699 5,969,025 3,928,326 (3,047,887) 672,166 3,720,053 (14,768,232) - 956,470 15,724,702
Other Adjustments:
To record excess of Revenues and Other
Sources over(under) Expenditures and Other
Uses for nonbudgeted funds(Note 1) 28,803 28,803 6,958 6,958
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses(GAAP Basis) It 2,040,699 $ 5,969,025 $ 3,928,326 1 (3,047,887) $ 700,969 $ 3,748,856 1(14,768,232) $ 963,428 $ 15,731,660
Fund Balances:
Beginning of Fiscal Year-as previously reported $37,998,324 $ 37,998,324 $ - $ 22,748,884 $22,748,884 $ - $ 19,519,025 $ 19,519,025 $ -
Restatements(Note 14) 104,853 104,853 83,639 83,639
Beginning of Fiscal Year-as restated 37,998,324 38,103,177 104,853 22,748,884 22,832,523 83,639 19,519,025 19,519,025 -
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) 2,040,699 5,969,025 3,928,326 (3,047,887) 700,969 3,748,856 (14,768,232) 963,428 15,731,660
Residual Equity Transfer(Note 14) (3,250,000) (3,750,000) (500,000) -
End of Fiscal Year(Exhibit A) $36,789,023 L40,322,202 $ 3,533,179 $ 19,700,997 $ 23,533,492 $ 3,832,495 $ 4,750,793 $ 20,482,453 $ 15,731,660
See Notes to Financial Statements
6
CITY OF RANCHO CUCAMONGA Exhlb)i C
COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 3 Of 4
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1997
TOTALS(MEMORANDUM ONLY)
CAPITAL PROJECTS FUNDS 1997 1 8 8 6
Varlance- Variance-
BudgetFavorable Favorable
Actual (Unfavorable) Budget Actual (Unfavorable) Actual
Revenues:
Taxes $ 8,456,020 $ 5,215,670 $ (3,240,350) $ 60,086,361 $ 58,717,945 $ (1,368,416) $ 57,537,967
Licenses andpermits - - - 1,572,300 1,795,225 222,925 1,593,576
Fines end forfeits 350,520 225,728 (124,792) 291,189
Use of money and property 68,490 4,929,527 4,861,037 2,547,609 8,951,410 6,403,801
Intergovernmental 8,456,84212,678,360 11,596,410 (1
'15 ) 11.179,404
Development fees
Charges for Development
services - - - 2,818,190 2,976,083 7,8932,745,991 Other -
2,463,700 3,575,197 1,111,497 2,685,361
3,239,330 3,370,338 131,008 2,718,267
Total Revenues 8,524,510 10,145,197 1,620,687 85,756,370 91,208,336 5,451,966 87,208,597
Expenditures:
Current:
General government 1,518,950 3,923,188 (2,404,238) 13,669,926 12,747,213 922,713 8,758,173
Public safety - 10,865,318 10,289,005 576,313 9,473,750
Public safety-fire protection - 9,213,160 9,096,377 116,783 8,951,549
Engineering and public works 493,300 186,619 306,681 9,591,707 8,787,106 804,601 9,262,954
Community development 2,307,577 5,161,220 10,547,740 12,703,204 (2155,464) 6,569,471
Community services - 3,410,251 3,073,023 337,228 3,735,476
Capital outlay 13,444,019 13,983,253 (539,234) 22,879,054 22,235,443 643,611 35,672,033
Debt service:
Principal 30,784,562 25,778,705 5,005,857 49,505,422 34,726,514 14,778,908 9,276,760
Interest and fiscal charges 2,715,339 3,359,230 (643,891) 11,253,473 10,085,703 1,167,770 9,957,163
Total Expenditures 51,263,747 52,392,215 1,725,175 140,936,051 123,743,588 17,192,463 101,657,329
Excess of Revenues over
(under)Expenditures $ (42,739,237) $(42,247,018) $ 492,219 $ (55,179,681) $ (32,535,252) $ 22,644,429 $ (14,448,732)
See Was to Financial Statements
7
CITY OF RANCHO CUCAMONGA Exhibit C
Page 4 of 4
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TOTALS(MEMORANDUM ONLY)
CAPITAL PROJECTS FUNDS 1997 1996
Variance- Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual
Other Financing Sources(Uses): -
Operatingtransfersin $ 6,478,845 $ 7,562,485 $ 1,083,640 $ 16,133,445 $ 17,022,228 $ 888,783 $ 13,132,197
Operating transfers out (7,190,990) (7,190,090) 900 (16,906,976) (20,318,993) (3,412,017) (14,354,541)
Debt proceeds 41,713,905 43,769,415 2,055,510 41,713,905 43,866,496 2,152,591 27,117,351
Other (2,963,993) (928,009) 2,035,984 (6,237,583) (1,023,279) 5,214,304 (50,781)
Transfer from bond trustee - - - - - - -
Contribution to Fire District - - - - - -
Contribution to Agency Fund
Total Other Financing
Sources(Uses) 38,037,767 43,213,801 5,176,034 34,702,791 39,546,452 4,843,661 25,844,226
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetary Basis) (4,701,470) 966,783 5,668,253 (20,476,890) 7,011,200 27,488,090 11,395,494
Adjustments:
To adjustfor encumbrances(Note 1) 4,571,025 4,571,025 6,124,269 6,124,269 4,990,785
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis)-Budgetary
Classifications (4,701,470) 5,537,808 10,239,278 (20,476,890) 13,135,469 33,612,359 16,386,279
Other Adjustments:
To record excess of Revenues and Other
Sources over(under) Expenditures and Other
Uses for nonbudgeted funds(Note 1) 35,761 35,761 20,407
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses(GAAP Basis) - $ (4,701,470) $ 5,537,808 $ 10,239,278 1_@2.476,890 $ 13,171,230 $ 33,648,120 $ 16,406,686
Fund Balances:
Beginning of Fiscal Year-as previously reports $ 91,321,204 $ 91,321,204 $ - $171,587,437 $ 171,587,437 $ - $ 155,180,751
Restatements(Note 14) 60,300 60,300 248,792 248,792
Beginning of Fiscal Year-as restated 91,321,204 91,381,504 60,300 171,587,437 171,836,229 248,792 155,180,751
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) (4,701,470) 5,537,808 10,239,278 (20,476,890) 13,171,230 33,648,120 16,406,686
Residual Equity Transfer(Note 14) (3,250,000) (3,750,000) (500,000)
End of Fiscal Year(Exhibit A) $ 86,619,734 $ 96,919,312 $ 10,299,578 $147,860,547 $ 181,257,459 $ 33,396,912 $ 171,587,437
See Notes to Financial Statements
8
CITY OF RANCHO CUCAMONGA Exhibit D
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1997
TOTALS(Memorandum Only)
Enterprise Internal Year ended June 30,
Operating Revenues: Sports Complex Service 1997 1996
Charges for services $ 600,491 $ 194,530 $ 795,021 $ 933,790
Rents 360,734 - 360,734 445,489
Total Operating Revenues 961,225 194,530 1,155,755 1,379,279
Operating Expenses:
Salaries and benefits 618,754 - 618,754 766,149
Administrative costs
1,967
Maintenance and operations 442,676 - 442,676 543,689
Contractual services 348, - 348,249 371,602
Vehicle and equipment maintenance - 921,194 921,194 5,413
Depreciation 441,121 129,714 570,835 495,133
Total Operating Expenses 1,850,800 1,050,908 2,901,708 2,183,953
Operating Income(Loss) (889,575) (856,378) (1,745,953) (804,674)
Nonoperating Revenues:
Taxes 143,556 - 143,556 413,869
Interest income 506,805 506,805 202,733
Miscellaneous 4,672 4,672 4,415
Total Nonoperating Revenues 148,228 506,805 655,033 621,017
Net Income(Loss) Before Operating Transfers (741,347) (349,573) (1,090,920) (183,657)
Operating transfers in 237,320 2,670,621 2,907,941 866,359
Net Income(Loss) (504,027) 2,321,048 1,617,021 682,702
Add back depreciation related to contributed capital 429,990 429.990 419,079
Increase(Decrease)in Retained Earnings $ (74,037) $ 2,321,048 $ 2,247,011 $ 1,101,781
Retained Earnings:
Beginning of Fiscal Year-as previously reported $ 219,603 $ 7,565,268 $ 7,784,871 $ 6,683,090
Restatements(Note 16) 62,457 817,054 879,511
Beginning of Fiscal Year-as restated 282,060 8,382,322 8,664,382 6,683,090
Increase(Decrease)In Retained Earnings (74,037) 2,321,048 2,247,011 1,101,781
End of Fiscal Year $ 208,023 $ 10,703,370 $ 10,911,393 $ 7,784,871
See Notes to Financial Statements
9
CITY OF RANCHO CUCAMONGA Exhibit E
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TOTALS(Memorandum Only)
Enterprise Internal Year ended June 30,
Sports Complex Service 1997 1 9 9 6
Cash Flows from Operating Activities:
Operating Income $ (889,575) $ (856,378) $ (1,745,953) $ (804,674)
Adjustment to reconcile Operating Income to Net Cash:
Depreciation 441,121 129,714 570,835 495,133
Miscellaneous income 4,672 - 4,672 4,415
Adjustment to beginning retained earnings - 817,054 817,054 -
Changes in Assets and Liabilities:
(Increase)decrease in taxes receivable - - - -
(Increase)decrease In accounts receivable 20,923 - 20,923 (21,472)
(Increase)decrease in due from Redevelopment Agency - - - -
(Increase)decrease in due from other funds - - - 15,000
Increase(decrease) in accounts payable (17,337) 179,982 162,645 17,689
Increase(decrease)in accrued payroll payable (3,773) - (3,773) 153,835
Increase(decrease)in due to other funds (66,783) (66,783) 66,783
Total Adjustments 378,823 1,126,750 1,505,573 731,383
Net Cash Provided(Used)by Operating Activities (510,752) 270,372 (240,380) (73,291)
Cash Flows from Noncapital Financing Activities:
Taxes 143,556 - 143,556 202,733
Operating transfers in 237,320 2,670,621 2,907,941 866,359
Contirbuted capital(Note 18) 3,750,000 3,750,000
Net Cash Provided(Used) by Noncapital
Financing Activities 380,676 6,420,621 6,801,497 1,069,092
Cash Flows from Capital and Related Financing Activities:
Principal payments on capital leases - - -
Acquisition of fixed assets (817,054) (817,054) (323,759)
Net Cash Provided(Used)by Capital and
Related Financing Activities (817,054) (817,054) (323,759)
Cash Flows from Investing Activities:
Interest on investments 506,805 506,805 413,869
Net Cash Provided(Used) by Investing Activities 506,805 506,805 413,869
Net Increase(Decrease) in Cash and Investments (129,876) 6,380,744 6,250,868 1,085,911
Cash and Investments at Beginning of Year 289,220 7,185,599 7,474,819 6,388,908
Cash and Investments at End of Year $ 159,344 $13,566,343 $ 13,725,687 $ 7,474,819
SCHEDULE OF NONCASH TRANSACTIONS
There were no non-cash transections during the fiscal year.
See Notes to Financial Statements
10
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1997
I. SIGNIFICANT ACCOUNTING POLICIES
Note 1: Organization and Summary of Significant Accounting Policies
a. Description of the Reporting 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 generally
accepted accounting principles, these financial statements present the City of Rancho Cucamonga (the primary government) and its
component units. The component units discussed below are included in the reporting entity because they have the same governing
body as that of the primary government and because of their operational financial relationship with the City of Rancho Cucamonga.
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.
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.
11
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
As of this date, the library operates as a separate entity under the control of the City of Rancho Cucamonga. Separate financial
statements are not available for the library.
b. Description of Funds
Fund Accounting Systems
Governmental accounting systems are organized and operated on a fund basis. A fund is defined as an independent fiscal and
accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities
and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or
attaining certain objectives in accordance with special regulations, restrictions, or limitations.
Types of Funds
Governmental Fund Types
General Fund -to account for all unrestricted resources except those required to be accounted for in another fund.
Special Revenue Funds - to account for the proceeds of specific revenue sources (other than major capital projects) that are
restricted by law or administrative action to expenditures for specified purposes.
Debt Service Funds -to account for the accumulation of resources for, and payment of, interest and principal on general long-
term debt.
Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than
those financed by Proprietary Funds).
Proprietary Fund Types
Enterprise Funds-to account for operations in a manner similar to private business enterprises where the intent is that the costs
(expenses, including depreciation) of providing goods or services to the general public on a continuing basis is to be financed
or recovered primarily through user charges.
Internal Service Funds - to account for the financing of goods or services provided by one department or agency to other
departments or agencies of the City or to other governmental units, on a cost-reimbursement basis.
12
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Eiduciary Fund Tynes
Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other
governmental units, and/or other funds.
Account Groups
Fixed Assets and Long-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are
determined by its measurement focus. All governmental funds are accounted for on a spending or 'financial flow*
measurement focus. This means that only current assets and current liabilities are generally included in their balance sheets.
Their reported fund balance (net current assets) is considered a measure of 'available spendable resources'. Governmental
fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other
financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of 'available
spendable resources' during a period.
Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed Assets
Account Group, rather than in governmental funds. Public domain ('infrastructure') general fixed assets consisting of roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are not capitalized.
No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated market value on the date donated.
Fixed assets acquired under lease/purchase contracts are recorded in the Internal Service Fund and the General Fixed Assets
Account Group. The corresponding liabilities are recorded in the Internal Service Fund and the General Long-Term Debt
Account Group.
Interest accrued during construction (if any) of fixed assets is capitalized as a part of the asset cost.
All proprietary funds are accounted for on a cost of services or 'capital maintenance' measurement focus. This means that
all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets.
Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets.
13
M M M M M M M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations.
Proprietary fund fixed assets are reported net of accumulated depreciation on their balance sheets. Depreciation has been
provided over the estimated useful lives using the straight line method for all classes of fixed assets. The estimated useful
lives are as follows:
Automotive Equipment 5 years
Other Equipment 5.10 years
Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term Debt
Account Group, not in the governmental funds. Noncurrent portions of long-term receivables due to governmental funds are
reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to
indicate, however, that they should not be considered 'available spendable resources', since they do not represent net
current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred until they
become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve accounts.
Special reporting treatments are also applied to governmental fund inventories (I any) to indicate that they do not represent
'available spendable resources', even though they are a component of net current assets. Such amounts are generally offset
by fund balance reserve accounts.
Because of their spending measurement focus, expenditure recognition for governmental fund types does not include
amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are not
recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General
Long-Term Debt Account Group.
c. Functional Classifications
Expenditures of the City are classified by function. Functional classifications are defined as follows:
General Government includes legislative activity, City Clerk, City Attorney, City Manager as well as management or supportive services
across more than one functional area.
Public Safety includes those activities which involve the protection of people and property.
Public Safety - Fire Protection includes activities of the fire protection district involved in the protection of people and property from
fire.
14
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
mineedng and Public Works includes all maintenance, engineering and capital improvements which relate to streets, sewers, parks,
flood control and other public facilities.
Community Development includes those activities which involve planning and redevelopment as well as building and safety.
Community Services includes those activities which involve the providing of recreational, cultural and educational services.
d. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial
statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement.
All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are
recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in those
funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of money
and property, intertund transfers, unbilled service receivables and intergovernmental revenue are all considered measurable and are
recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part, not
susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities) and
thus do not involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis with
the exception of the City's Deferred Compensation Plan which is accounted for on a market value basis in accordance with Statement
No. 2 of the Governmental Accounting Standards Board (GASB).
Property tax revenue is recognized on the basis of NCGA Interpretation No. 3; (adopted by GASB) that is, in the fiscal year for which
the taxes have been levied providing they become available. Available means then due, or past due and receivable within the current
period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used
to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax liens attach annually as
of 12:01 A.M. on the first day in March preceding the fiscal year for which the taxes are levied. The tax levy is made July 1 and covers
the fiscal period July 1st to June 30th. All secured personal property taxes and one-half of the taxes on real property are due November
1st; the second installment is due February 1st. All taxes are delinquent, N unpaid, on December 10th and April 10th respectively.
Unsecured personal property taxes become due on the first of March each year and are delinquent, if unpaid, on August 31st.
Grants, entitlements, or shared revenues recorded in governmental funds are recognized as revenue in the accounting period when they
become susceptible to accrual, i.e., both measurable and available (modified accrual basis). Grants received before the revenue
recognition criteria has been met are reported as deferred revenue, a liability account. Such resources not received are reported as a
receivable if the revenue recognition criteria has been met.
15
M M M Mill
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred; principal
and interest on general long-term debt is recognized when due.
All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned and
become measurable, expenses are recognized when they are incurred I measurable. All proprietary funds appy all authoritative body
pronouncements issued prior to November 30, 1989 and thereafter all FASB pronouncements except those which conflict with or
contradict GASB pronouncements.
e. Budgetary Data
General Budget Policies
The City Council approves each year's budget submitted by the City Manager prior to the beginning of the new fiscal year. Public
hearings are conducted prior to its adoption by the Council. Supplemental appropriations, where required during the period, are
also approved by the Council. There were several supplemental appropriations required during the year. 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 appropriations within an appropriation as set forth in the budget and may transfer appropriations between activities within
any fund. Budget data presented in the financial statements are the final adjusted amount. At fiscal year-end all operating budget
appropriations lapse.
Encumbrances
Encumbrances are estimations of costs related to unperformed contracts for goods and services. These commitments are recorded
for budgetary control purposes in the General, Special Revenue, and similar governmental funds. Encumbrances outstanding at year-
end are reported as a reservation of fund balance. They represent the estimated amount of the expenditure ultimately to result if
unperformed contracts in-process at year-end are completed. They do not constitute expenditures or estimated liabilities.
Budget Basis of Accounting
Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP) except
that for budgeting purposes only encumbrances are treated as expenditures.
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Governmental Funds
presents comparisons of the legally adopted budget with actual data on the budgetary basis. The difference between the budgetary
basis and GAAP are also presented and reconciled on this statement. This reconciliation included the following unbudgeted funds:
16
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Excess of Revenues and
Other Sources over (under)
al2endltures and Other Uses
Special Revenue Fund Type:
San Sevaine/Etiwanda Drainage $ 28,803
Debt Service Fund Type:
Public Improvement Corporation 6,958
Total $ a§ 61
f. Other Accounting Policies
Total Columns on Combined Statements
'Memorandum Only' captions on combined statements - total columns mean that totals are presented for overview informational
purposes only and that they do not fairly present financial position or results of operations for the governmental unit as a whole in
conformity with generally accepted accounting principles. Interfund eliminations have not been made in the aggregation of these
totals.
Investments
Investments are stated at cost. At June 30, 1997, the City's investment in land held for resale is stated at cost as the Agency expects
to sell this land with no decline in value.
Claims and Judgments and Compensated Absences
Claims and Judgments
Only the short-term liability is reflected as a current liability in all applicable governmental fund types, the remainder of the liability
is repni!:,cl in the General Long-Term Debt Account Group. The short-term liability which will be liquidated with expendable
available financial resources is the amount of settlement reached, but unpaid, related to claims and judgments entered. At June
30, 1997, there are no material long-term judgments and claims against the City and no liability is reported in the General Long-
Term Debt Account Group. In addition, the City has determined that at June 30, 1997, there are no material incurred but
unreported claims against the City.
17
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Compensated Absences
The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The short-
term portion is determined to be the amount due to employees for future absences which is attributable to services already
rendered and which is expected to be paid during the next fiscal year. The total amount of liability for compensated absences
is segregated between short-term and long-term as indicated above and are accordingly reflected in the General Fund, Fire
District Special Revenue Fund and General Long-Term Debt Account Group.
Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally, an employee
can not accrue more than one and one-half times his regular annual entitlement.
Sick leave is payable when an employee is unable to work because of illness. 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 shall
be eligible to convert unused sick leave to vacation in accordance with the following with any remainder of hours to still remain
used sick time.
Employee Accumulated Balance Vacation
Type Prior Calendar Year Conversion Rate
Shift 108 hr -144 hr one - half
Shift 72 hr -108 hr one - fourth.
40 hour 72 hr - 96 hr one - half
40 hour 48 hr - 72 hr one - fourth
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.
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. The District recognizes the cost of providing these benefits by recording
the insurance premiums as expenditures. The cost for thirteen retirees was $55,099 for fiscal year 1996-97.
18
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
It. STEWARDSHIP
Note 2: Stew: '-hip, Compliance and Accountability
a. The following fund contained a deficit fund balance as of June 30, 1997:
Special Revenue Fund:
Measure 1 $ 628,797
b. Excess of expenditures over appropriations in individual funds at the departmental level are as follows:
Expenditures Appropriations Excess
General Fund:
General government:
Engineering and Public Works
Purchasing $ 158,514 $ 158,155 $ 359
Debt Service
Principal 102,502 102,502
Interest and fiscal charges 17,715 17,715
Special Revenue Funds:
Gas Tax
Principal 68,612 68,612
Interest and fiscal charges 7,637 - 7,637
Beautification
Engineering and public works 146,547 146,390 157
Air Quality Improvement
Capital outlay 57,774 55,774 2,000
Library Services
Principal 100,000 100,000
Capital Projects Funds:
Redevelopment Agency
General government 3,923,188 1,518,950 2,404,238
Public safety 5,161,220 2,307,577 2,853,643
Capital outlay 13,983,253 13,444,019 539,234
Interest and fiscal charges 3,359,229 2,715,339 643,890
19
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
III. DETAIL NOTES ON FUNDS AND ACCOUNT GROUPS
(Notes 3-14)
Note 3: Cash and Investments
Cash and investments at June 30 consisted of the following:
Cash on hand $ 5,300
Pooled Cash and Deposits 28,477,355
Pooled Investments 115,399,351
Investment in State Treasury's Investment Pool 34,530,713
Investment with Trustee - Money Market 5,538,676
Deferred Compensation - Unclassified 1.098.789
Total Cash and Investments $ 185.050.184
The City follows the practice of pooling cash and investments of all funds except for funds required to be held by outside fiscal agents under
the provisions of bond indentures and funds in its deferred compensation plan. All investments held are in compliance with the City's
investment policy.
Interest income earned on pooled cash and investments is allocated to the various funds based on the cash balances. Interest income from
cash and investment with fiscal agent and in the deferred compensation plan is credited directly to the related fund.
Pooled Cash and Non-Negotiable Certificates of Deposit
All pooled cash and non-negotiable certificates of deposit are entirely insured or collateralized. The California Government Code requires
California banks and savings and loan associations to secure a City's deposits by pledging government securities as collateral. The
market value of pledged securities must equal at least 110% of a City's deposits. California law also allows financial institutions to secure
City deposits by pledging first trust deed mortgage notes having a value of 150% of a City's total deposits.
The City may waive collateral requirements for deposits which are fully insured up to $100,000 by the Federal Deposit Insurance
Corporation (FDIC).
20
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash P- ! Investments (Continued)
Cash and Investments with Fiscal Agent
The City has monies held by a trustee pledged to the payment or security of certain bonds, certificates of participation and lease
obligations. The California Government Code provides that these monies, in the absence of specific statutory provisions governing the
issuance of these bonds, certificates, or leases, may be invested in accordance with the ordinance, resolutions or indentures specifying
the types of investments its fiscal agent may make. These ordinances, resolutions, and indentures are generally more restrictive than
the City's general investment policy. In no instance have additional types of investments, not permitted by the City's general investment
policy, been authorized.
Cash and Investments - Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The market
value of the plan assets at June 30, 1997 is $5,422,471. The City has two plans. One plan is held in savings accounts where each
participant is insured up to $100,000. The other pian is held as an unclassified investment. See Note 16 for additional information about
this plan.
Credit Risk, Carrying Amount, and Market Value of Deposits
Cash and deposits of the City are summarized below. The deposits are classified as to credit risk by three categories as follows:
Category 1 includes deposits that are insured or collateralized, with the securities held by the City or its agent in the City's name;
Category 2 includes deposits which are uninsured but which are collateralized with the securities held by the pledging financial
institution's trust department in the City's name; Category 3 includes deposits which are uninsured and uncollateralized, or collateralized
with securities held by the pledging financial institutions, or by its trust department or agent but not in the City's name.
Category Bank Carrying
1 2 3 Balance Amount
Cash in Bank and Petty Cash $ 305,500 $ 11,325,270 $ - $ 11,630,770 $ 10,833,441
Deferred Compensation 4,072,779 250,903 - 4,323,682 4,323,682
Certificates of Deposit 200.000 13.125.532 - 13.325.532 13.325.532
Totals $ 4.578.279 $ 24.701.705 $ _ $ 29.279.984 $28.482.655
21
i M i i
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Pooled Investments
Authorized Investments
Under provisions of the City's Investment Policy, and in accordance with Section 53601 of the California Government Code, the City
may invest in the following types of investments:
Securities of the U.S. Government, or its agencies
Small Business Administration Loans
Certificates of Deposit
Bankers Acceptance
Commercial Paper
Local Agency Investment Fund (State Pool) Deposits
Passbook Savings Account Demand Deposits
Repurchase Agreements
Reverse Purchase Agreements
Credit Risk, Carrying Amount and Market Value of Investments
Investments of the City are summarized below. The investments that are represented by specific identifiable investment securities are
classified as to credit risk by three categories as follows: Category 1 includes investments that are insured or registered for which
securities are held by the City or its agent in the City's name; Category 2 includes uninsured and unregistered investments for which
the securities are held by the brokers or dealer's agent in the City's name; Category 3 includes uninsured and unregistered investments
for which the securities are held by the broker or dealer, or by its agent, but not in the City's name.
Cateaory Carrying Market
1 2 3 Amount Value
City Investments:
U.S. Government Securities $115.399.351 $ _ $ _ $ 115.399.351 $114.852.392
Total City Investments $115.399.351 $ - $ - $ 115.399.351 $114.852.392
Investment in State Treasury's Investment Pool
Investment in State Treasury's cannot be assigned a credit risk category because the City does not own specific securities. However,
the fund's investment policies and practices with regard to the credit and market risks have been determined acceptable to the City's
investment policies.
22
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Carrying Market
Amount Value
Investment in State Treasury's Investment Pool $ 34.530.713 $ 34.679.195
Investment with Trustee
Amounts invested with Trustee in money market cannot be assigned a credit risk category because the City does not own specific
securities. However, the fund's investment policies and practices with regard to the credit and market risks have been determined
acceptable to the City's investment policies.
Carrying Market
Amount Value
Investments with Trustee - Money Market $ 5.538.676 $ 5.538.676
Deferred Compensation Plan
A portion of the City's deferred compensation plan is held in unclassified investments and therefore cannot be assigned a credit risk
cat-jory. The remainder is held in deposits and is classified above. In accordance with GASB pronouncements these have been
recorded at market value.
Deferred Compensation $ 098 89
Note 4: Prepaid PERS costs
The City has prepaid contributions with PERS in the amount of $1,412,421. This amount can be utilized to offset employer contributions in
fiscal year 1997-98.
23
Ir l� M M 1=11 IIIIIIIIIN
w w w w w w �w w r w w w �w w w ■w ■� w w
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 5: Unearned Grants
Because various federal and state subventions and grants have not been received nor the revenue recognition criteria met, the following
awards are not reflected in the financial statements:
Fund Amount
Community Development Block Grant $ 821,331
U.S. Department of Justice 73,087
California Integrated Waste Management Board 60.679
Total $ 955.097
Note 6: Advances to Redevelopment Agency
During the current and prior fiscal years, the City of Rancho Cucamonga has loaned the Rancho Cucamonga Redevelopment Agency funds
for use in financing various projects. The loans which amount to $8,021,228 as of June 30, 1997 bear interest at a rate of 12% per annum
and are payable as funds become available to the Agency. As of June 30, a total of $7,855,398 matured interest due on these loans has
been added to principal. As this interest is not payable currently, the City has recognized deferred revenue in this amount.
Note 7: Changes in General Fixed Assets
A summary of changes in general fixed assets follows:
Restated
Balance Balance Balance
June 30, 1996 Restatement June 30, 1996 Additions Deletions June 30, 1997
Purchased/Contributed Assets:
Land $ 35,315,539 $ - $ 35,315,539 $ - $ $ 35,315,539
Building improvements 54,948,871 356,737 55,305,608 1,476,020 56,781,628
Improvements other
than buildings 55,711 - 55,711 - 55,711
Equipment and vehicles 14,389,335 14,389,335 983,206 63,985 15,308,556
Furniture and fixtures 3,368,576 - 3,368,576 45,311 - 3,413,887
Construction-in-progress 3.544.038 (356,737 3.187.301 - 3.187 301
Total $ 111.622.070 $ $ 111.622.070 $2.504.537 $ 63.985 $ 114.062.622
24
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 8: Proprietary Fund Fixed Assets
A summary of proprietary fund type property, plant and equipment is presented below:
Allowance
Estimated Fixed for Net
Useful Life Assets Depreciation Book Value
Enterprise - Sports Complex
Purchased/Contributed assets:
Land $ 4,351,015 $ $ 4,351,015
Building improvements 30 years 17,216,152 1,479,113 15,737,039
Automotive equipment 5 years 35,429 12,219 23,210
Other equipment 5-10 years 31.650 11.142 20.508
Total $ 21.634.246 $ 1.502.474 $ 20.131.772
Internal Service:
Purchased assets:
Automotive equipment 5 years $ 1,876,255 $ 849,806 $ 1,026,449
Other equipment 5-10 years 279,735 118,733 161,002
Assets acquired through capital leases - equipment 5-10 years 294.745 266.028 28.717
Total $ 2.450.735 $ 1.234.567 $ 1.216.168
Note 9: Pension Plan Obligations
a. Plan Description
The City and Fire District contributes to the California Public Employees Retirement System (PERS), an agent multiple-employer public
employee retirement system that ads as a common investment and administrative agent for participating public entities within the State
of California. Separate plans are maintained for each of these entities. Total payroll and the payroll for employees covered by the system
for the year ended June 30, 1997 were as follows:
City Fire District Total
!31 Payroll $ 12,600,225 $ 5,878,086 $ 18,478,311
Covered Payroll 11,103,182 4,621,712 15,724,894
25
1=1 Mi�
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
City Plan
All full-time and part-time City employees who are eligible may participate in the system. To be eligible for service retirement an
employee must be at least age 50 and have 5 years of PERS-credited service. For non-safety employees the benefits are payable
monthly for fife, in an amount that varies from 1.426 percent at age 50 to 2.418 percent at age 63 (for each year of credited service)
of their final compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other requirements are
established by State statute and City ordinance.
Fire District Plan
All full-time employees who are eligible may participate in the system. To be eligible for service retirement an employee must be at
least age 50 for safety and at least 60 for non-safety employees and have 5 years of PERS-credited service. For public safety
employees, the benefits are payable monthly for life, in an amount that varies from 2 percent at age 50 to 2.7 percent at age 60 (for
each year of credited service) of their final compensation. For non-safety employees the benefits are payable monthly for life, in an
amount that varies from 1.092 percent at age 50 to 2.418 percent at age 63 (for each year of credited service) of their final
compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other requirements are established
by State statute.
'Final Compensation' under both plans is the average monthly pay rate for the last consecutive 36 months (or any other 36 month
period if higher); however, with respect to public safety employees only the average monthly pay rate for the last consecutive 12
months (or another 12 consecutive months if higher) may be used if the entity's contract with PERS provides for one year final
compensation.
b. Employee and Employer Contribution Obligations
The City and District makes the contributions required of its employees on their behalf and for their account. The rates are set by statute
and therefore remain unchanged from year to year. The present rates are:
Member Rates as a
Catecory Percentage of Wages
Local miscellaneous members 7 %
Local safety members with benefits
under Article 21252.01 9 %
Local safety members with benefits
under Article 21252.6 7 %
26
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
The City and District are required to contribute the remaining amounts necessary to fund the benefits for its members, using the actuarial
basis recommended by the PERS actuaries and actuarial consultants and adopted by the board of administration.
c. Funding Status and Progress
The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases and step-rate benefits, estimated to be payable in the future as a result
of employee service to date. The measure is intended to help assess the funding status of the system on a going-concern basis, assess
progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among employers. The measure
is the actuarial present value of credited projected benefits and is independent of the funding method used to determine contributions
to the system.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1995. Significant actuarial
assumptions used in the valuation include (a) a rate of return on the investment of present and future assets of 8.50 percent a year
compounded annually, (b) projected salary increases of 4.5 percent a year compounded annually, attributable to inflation, (c) no
additional projected salary increases attributable to seniority/merit, and (d) no post retirement increases.
The pension benefit obligation (latest available) was computed as part of an actuarial valuation performed as of June 30, 1995, but
reflects all plan amendments adopted through June 30, 1996. For the amounts which follow, prior to 1994, assets were shown at
book value. The 1994 and subsequent years assets are shown at actuarial value (smooth market value) which may make them
not comparable for trend purposes.
The total assets in excess of pension benefit obligation applicable to the employees at June 30, 1996 (latest information available) were
as follows:
City Fire District Total
Pension Benefit Obligation:
Retirees and beneficiaries
currently receiving benefits
and terminated employees
not yet receiving benefits $ 2,035,032 $ 3,594,657 $ 5,629,689
Current employees:
Accumulated employee
ontributions including
allocated investment
earnings 7,521,870 4,692,342 12,214,212
27
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
City Fire District Total
Employer-financed vested $ 4,499,905 $ 5,608,154 $ 10,108,059
Employer-financed
nonvested91 0.062 138.334 328.396
Total Pension
Benefit Obligation $ 14,246,869 $ 14,033,487 $ 28,280,356
Net assets available for
benefits at cost Market Value Market Value Market Value
$ 21.665.797 20.381.747 $ 18.604.658 17.502.030 $ 40,270,455 37.883.777
Assets in Excess of
Pension Benefit
Obligation $ 6.134.878 $ 3.468.543 $ 9.603.421
d. Contributions Required and Contributions Made
PERS uses the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is, it takes into account those
benefits that are expected to be earned in the future as well as those already accrued.
According to this cost method, the normal cost for an employee is the level amount which would fund the projected benefit if it were paid
annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which the employer's total
normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll method to amortize any
unfunded actuarial liabilities. The amortization period of the unfunded actuarial liability ends in the year 2000.
The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those used
to compute the pension benefit obligation, as previously described.
The contributions to the system for the year ended June 30, 1997 were made in accordance with actuarially determined requirements
computed through an actuarial valuation performed as of June 30, 1996. The contribution consisted of the following:
28
City of Rancho Cucamonga
Notes to Financial State- Js (Continued)
Note 9: Pension Plan Obligations (Continued)
Fire District
City Safety Employees _Non-Safety Employees Total
Percent of Percent of Percent of Percent of
Current Current Current Current
Covered Covered Covered Covered
Contribution Pgyroll Contribution Payroll Contribution Payroll Contribution Payroll
Normal
Cost $1,547,652 14.27 % $ 853,950 21.99 % $ 45,196 12.77 % $ 2,446,798 14.82 %
Amortization
of the
unfunded
actuarial
accrued
liabilities (62.2 MM L47,13 (1,961 MM (111,351 JQ.6
Total $1.485.398 13.69 % $ 806.814 20.78 % $ 43.235 12.22 % $ 335 44 14.15 %
The City and Fire District contributed $1,247,525 (7.56 percent of current total covered payroll); both entities also contributed on behalf
of the employees required contribution $1,087,921 (6.59 percent of current total covered payroll).
e. Trend Information
Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. See comments
above relating to change in valuation of assets.
Nine-year trend information for the City and the Fire District were as follows:
29
M M M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
(Amounts In thousands) 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95
Net assets available for benefits
City $ 3,629.3 $ 4,289.8 $ 5,2132 $ 7,056.2 $ 8,838.4 $ 11,102.9 $ 13,371.7 $ 17,748.1 $ 20,381.7
Fire District 4,465.2 5,115.9 6,230.4 7,548.1 8,832.0 10,407.8 11,983.7 15,519.3 17,502.0
Total $ 8,094.5 $ 9,405.7 $ 11,443.6 $ 14,604.3 $ 17,670.4 $ 21,510.7 $ 25,355.4 $ 33,267.4 $ 37,883.7
Pension benefit obligation
City $ 2,636.0 $ 3,454.9 $ 4,609.8 $ 6,387.8 $ 8,160.2 $ 9,844.2 $ 11,246.5 $ 11,730.1 $ 14,246.9
Fire District 4,182.9 4,936.7 6,099.5 7,510.9 9,386.0 10,366.3 10,936.3 11,297.3 14,033.5
Total $ 6,818.9 $ 8,391.6 $ 10,709.3 $ 13,898.7 $ 17,546.2 S 20,210.5 $ 22,182.8 $ 23,027.4 $ 28,280.4
Net assets available for benefits expressed
as a percentage of the pension benefit
obligation
City 137.7% 124.2% 113.1 % 110.5% 108.3% 112.8% 118.9% 151.3% 143.1 %
Fire District 106.7% 103.6% 102.1 % 100.5% 94.1 % 100.4% 109.6% 137.4% 124.7%
Combined 118.7% 112.1 % 106.9% 105.1 % 100.7% 106.4% 114.3% 144.5% 134.0%
Assets In excess of(unfunded)pension
benefit obligation
City $ 993.3 $ 834.9 $ 603.4 $ 668.4 $ 898.0 $ 1,258.7 $ 2,125.2 $ 6,018.1 $ 6,134.9
Fire District 282.3 179.2 130.9 37.2 (554.0) 46.7 1,047.4 4,221.9 3,468.5
Total $ 1,275.6 $ 1,014.1 $ 734.3 $ 705.6 $ 344.0 $ 1,305.4 $ 3,172.6 $ 10,240.0 $ 9,603.4
Annual covered payroll
City $ 3,892.1 $ 5,318.0 $ 7,037.8 $ 8,515.4 $ 10,546.3 $ 10,507.8 $ 9,935.4 $ 10,415.5 $ 10,845.6
Fire District 1,841.9 2,119.8 2,499.5 2,953.3 3,681.5 4,065.4 4,062.7 4,413.7 4,236.7
Total $ 5,734.0 $ 7,437.8 $ 9,537.3 $ 11,468.7 $ 14,227.8 $ 14,573.2 $ 13,998.1 $ 14,829.2 $ 15,082.3
Assets In excess of pension benefit expressed
as a percentage of annual covered payroll
City 25.5% 15.7% 8.6% 7.8% 8.5% 12.0% 21.4% 57.8% 56.6%
Fire District 15.3% 8.5% 5.2% 1.3% (15.0)% 1.1 % 25.8% 95.7% 81.9%
Combined 22.2% 13.6% 7.7% 6.2% 2.4% 9.0% 22.7% 69.1 % 63.7%
Employer contributions. These contributions
were made In accordance with actuarially
determined requirements
City $ 308.9 $ 349.4 $ 476.9 $ 596.1 $ 728.5 $ 811.8 $ 673.7 $ 683.5 $ 773.6
Fire District Not Available Not Available Not Available Not Available Not Available Not Available Not Available 492.4 473.9
Total Not Available Not Available Not Available Not Available Not Available Not Available Not Available $ 1,175.9 $ 1,247.5
Employer contributions expressed as a percentage
as a percentage of annual covered payroll
City 7.9% 6.6% 6.8% 7.0% 6.9% 7.7% 6.8% 6.6% 7.1 %
Fire District Not Available Not Available Not Available Not Available Not Available Not Available Not Available 11.2% 11.2%
Combined Not Available Not Available Not Available Not Available Not Available Not Available Not Available 7.9% 8.3%
30
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
For the fiscal year 1994-95, the net assets available for benefits expressed as a percentage of the pension benefit obligation and the
unfunded (assets in excess of) pension benefit obligation, expressed as a percentage of annual covered payroll are not presented as
the pension benefit obligation for the current year has not yet been computed.
Note 10: Deferred Revenue
Deferred revenue as of June 30, 1997 consists of the following:
General Fund - interest accrued on advances to Rancho Cucamonga
Redevelopment Agency which is measurable but not available (See Note 6)
plus other revenues received of $5,363 which have not yet been earned $ 7,860,760
Special Revenue Funds - revenue collected in advance for Fuel Efficient
Traffic Management 154
Special Revenue Funds - private contributions to the Library to be spent
as requested by the Friends of the Library 10,000
Special Revenue Funds - grant revenue received in excess of grant expenditures
for California Literacy Campaign 2,557
Special Revenue Funds - grant revenue in excess of grant expenditure
for Major Urban Resource Library Grant 2,103
Special Revenue Funds - grant revenue in excess of grant expenditure
for Local Law Enforcement Block Grant 73,087
Special Revenue Finds - grant revenue in excess of grant expenditure
for Grandparents and Books Grant 2,538
Special Revenue Funds - grant revenue in excess of grant expenditure
for California State Literacy Foundation Grant 8,640
Special Revenue Funds - development fees collected in advance from various
developers for future improvement projects. They are reported as follows:
Beautification $ 69,528
Drainage Facilities 3.793 73.321
Total
$ 8.033.160
31
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt
a. A description of individual components of long-term debt outstanding as of June 30, 1997 follows:
Certificates of Participation:
$2,875,000 Certificates of Participation, Rancho Cucamonga Public Improvement Corporation - On December 29, 1988, the Rancho
Cucamonga Public Improvement Corporation issued$2,875,000 in Certificates of Participation with an average interest rate of 7.03%,
to render financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements for its
Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres of land which
the City intends to develop as the Community Park. The City has covenanted in its lease agreement with the Corporation to budget
for, appropriate and make the lease payments to the Corporation each year during which it has use and possession of the Park.
The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable for all lease payments on an
annual basis should the City default on its obligation to make lease payments. Debt service payments began June 1, 1989 and
continue through December 1, 1998.
The Corporation is treated as a component unit of the reporting entity and is reported as a debt service fund.
Tax Allocation Bonds:
1. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 1990 Tax Allocation Bonds, $107,780,000 - These
bonds are dated March 1, 1990 and were issued to provide for the advance refunding of $31,215,000 Rancho Cucamonga
Redevelopment Agency, Rancho Redevelopment Project Tax Allocation Bonds, 1986 Series A, advance refunding of $9,300,000
Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project Refunding Tax Allocation Bonds, 1987 Series A, and
the advance refunding of $9,500,000 City of Rancho Cucamonga Certificates of Participation (Fire Facilities Project). Interest is
payable semi-annually on March 1 and September 1 of each year commencing September 1, 1990. The bonds mature on the dates
in amounts and bear interest as follows:
Maturity Date Principal Interest Maturity Date Principal Interest
September 1 Amount Rate Member 1 Amount Rate
1994 $ 1,855,000 6.100 % 2001 $ 1,865,000 6.800 %
1995 1,965,000 6.200 2002 1,990,000 6.850
1996 2,090,000 6.300 2003 2,130,000 6.900
1997 2,220,000 6.400 2004 2,275,000 6.950
1998 2,360,000 6.550 2005 2,435,000 7.000
1999 2,520,000 6.650 2006 3,230,000 7.050
2000 2,685,000 6.750 2019 53,990,000 7.125
2020 24,170,000 6.750
32
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
The Bonds maturing on or before September 1, 1999, are not subject to call and redemption prior to their stated maturities. Bonds
maturing on or after September 1, 2000, 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, 1999. The bonds maturing September 1, 2019 and September 1, 2020 are
subject to mandatory redemption in part from sinking account installments on September 1, 2007, and on each September 1 thereafter
up to and including September 1, 2020.
Bonds from this issue amounting to $54,905,000 were defeased during fiscal year 1993-94. See Note 11b for additional information.
2. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 1994 Tax Allocation Refunding Bonds $64,460,000.
These bonds are dated February 1, 1994 and were issued in order to advance refund $54,905,000 of the 1990 Tax Allocation Bonds.
Interest is payable semi-annualty on March 1 and September 1 of each year commencing September 1, 1994. The bonds mature on
the dates in amounts and bearing interest as follows:
Maturity Maturity
Date Principal Interest Date Principal Interest
September 1 Amount Rate September 1 Amount Rate
1994 $ 2,645,000 3.00 % 2002 $ 855,000 4.40 %
1995 1,070,000 3.00 2003 905,000 4.50
1996 1,100,000 3.30 2004 940,000 4.60
1997 1,140,000 3.70 2005 980,000 4.70
1998 1,180,000 3.90 2006 1,350,000 4.80
1999 1,230,000 4.00 2007 1,410,000 5.00
2000 1,285,000 4.20 2008 1,475,000 5.00
2001 825,000 4.30 2015 12,670,000 5.00
2023 33,400,000 5.00
1994 Bonds maturing before September 1, 2004, are not subject to call and redemption prior to their stated maturities. 1994 Bonds
maturing on or after September 1, 2004 are subject at the option of the Agency to redemption.
3. 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 (i) to repay the note issued by the Agency to
Sanwa Bank in the remaining principal amount of$20,783,487; (ii) to pay off the non-taxable term loan to Sanwa Bank in the principal
amount of $5,841,301 plus prepayment penalties; (iii) to complete the projects for which the loans were originated, namely
Mountainsides Monterey Village and Sycamore Springs; and (iv) 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-
33
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
annually on march 1, and September 1 of each year commencing March 1, 1997. The bonds mature on the dates, in amounts and
bearing interest as follows:
Maturity Date Principal Interest Maturity Date Principal Interest
September 1 Amount Rate September 1 Amount Rate
1997 $ 585,000 4.50 % 2012 $ 1,160,000 5.00 %
1998 610,000 3.90 2013 1,220,000 5.00
1999 635,000 4.12 2014 1,285,000 5.00
2000 660,000 4.25 2015 1,355,000 5.00
2001 685,000 4.40 2016 1,425,000 5.25
2002 715,000 4.60 2017 1,500,000 5.25
2003 750,000 4.70 2018 1,580,000 5.25
2004 785,000 4.75 2019 1,660,000 5.25
2005 825,000 4.90 2020 1,750,000 5.25
2006 865,000 5.00 2021 1,840,000 5.25
2007 905,000 5.10 2022 1,935,000 5.25
2008 950,000 5.25 2023 2,040,000 5.25
2009 1,050,000 5.00 2024 2,145,000 5.25
2010 1,055,000 5.00 2025 2,260,000 5.25
2011 1,105,000 5.00 2026 2,375,000 5.25
The 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.
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 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 (i) the Chino
Basin Municipal Water District, (i) the County of San Bernardino on behalf of the County Free Library and the San Bernardino County
34
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
Flood Control District, (ii) the Cucamonga County Water District, Qv) the Foothill Fire Protection District and (v) 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 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
1998-99. 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.
Developer Loans Payable
1. During fiscal year 1988-89, the 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$672,815 have been made to the County of San Bernardino (acting as lead agency for the Federal Government). Five payments
have been made as of June 30,1997 and there is no interest due on this loan.
2. On November 15, 1991, the Agency executed a five year note in the amount of $1,500,000. The proceeds of the note, together with
a $450,000 cash deposit, were used to acquire approximately 7.78 acres of land. The note bears interest at the rate of 9% per
annum, payable in interest only installments, on the first day of each calendar month, beginning on January 1, 1992, and continuing
until December 1, 2002 at which time the entire principal balance together with interest due thereon shall become due and payable.
3. In December of 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 which 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 Price Parcel. 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. Therefore, accrued interest is not reported on the financial statements.
35
Ml = = M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
4. On September 14, 1994 the Agency executed two term loans with Sanwa Bank. A non-taxable portion of $6,394,000 and a taxable
portion of$2,300,000. The proceeds of the loans are to be used to fund the construction of the Archibald storm drain and to make
housing grants to the Southern California Housing Development Corporation. Initially, the interest rate is variable, but may be fixed,
in whole or in part, at the discretion of the Agency. Principal and interest accruing on the loans shall be payable semi-annually
beginning March 1, 1995 and semi-annually thereafter until paid. The final maturity date is March 1, 2005 with respect to the taxable
loans and September 1, 2006 with respect to the non-taxable loan.
S. On August 17, 1995, the Agency executed a three year term loan with Sanwa Bank in the amount of $21,000,000. The proceeds
of the loan are to fund the Mountainside, Monterey village and Sycamore Springs Projects in conjunction with the Southern California
Housing Corporation. Interest is tied to the Libor rate plus 2.25 basis points. Principal and accrued interest are payable semi-
annually commencing on March 1, 1996 and thereafter until paid. The loan was repaid with bond proceeds which were issued
September 1, 1996.
Advances from Redevelopment Agency
On September 16, 1987, the Rancho Cucamonga Redevelopment Agency loaned the City $4,290,000 for use in financing various
public safety and parking structures and offsite improvements. This loan was made to the General Fund and it is interest free. This
loan is payable in 20 equal annual installment payments due on the last day of each fiscal year commencing with the first fiscal year
during which the facility is fully occupied. As this loan was made to a City Capital Project Fund while the loans from the City to the
Agency are carried by the General Fund, the accounting for these transactions are recorded each individually rather than offsetting
this loan against amounts advanced from the City. The facility was fully occupied in fiscal year 1990-91. The City has not repaid
any part of this loan.
Capital Lease Obligatlon
1. The City entered into equipment lease purchase agreements with various vendors. The following is a schedule by years of future
minimum lease payments as of June 30, 1997.
Long-Term Debt
Fiscal Year Account Group
1997-98 $ 150,650
1998-99 79,143
1999-2000 45,382
2000-01 34.558
Total Minimum Lease Payments $ 309,733
Less: Amount Representing Interest 22.585
Present Value of Net Minimum Lease Payments $ 287.148
36
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
2. The City and the District entered into a lease agreement with West End Communications Financing Authority for the lease purchase
of 800 MHZ communications equipment. The following is a schedule by years of future minimum lease payments as of June 30,
1997:
Fiscal Year Ch Fire District Total
1997-98 $ 65,715 $ 33,578 $ 99,293
1998-99 67,215 36,828 104,043
1999-2000 63,310 34,698 98,008
2000-01 64.350 37.53 101,888
Total Minimum Lease Payments $ 260,590 $ 142,642 $ 403,232
Less: Amount Representing Interest 40.590 22.642 63.232
Present Value of Net Minimum Lease Payments $ 0 000 $ 20 000 $ 340.000
Note Payable
1. The City has entered into an agreement with San Bernardino County for withdrawal from the County Library System. The City has
agreed to reimburse the County for ongoing costs associated with the withdrawal in the amount of $750,000 to be paid over ten
years.
b. Defeasance of Bonds
In prior years, the Rancho Cucamonga Redevelopment Agency defeased the following bond issues by placing the proceeds of new
bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and
the liability for the defeased bonds are not included in the Agency's financial statements.
1984 Tax Allocation Bonds $ 7,405,000
1986 Tax Allocation Bonds, Series A 31,215,000
1987 Tax Allocation Refunding Bonds, Series A 9,100,000
1990 Tax Allocation Bonds (portion defeased) 54,905,000
Certificates of Participation - Fire Facility 9.400.000
Total Defeased $ 112.025.000
37
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
C. The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1997:
Outstanding Outstanding
July 1. 1996 _Additions Repayments June 30. 1997
Certificates of Participation:
Public Improvement Corporation $ 1.070.000 $ $ 330.000 $ 740.000
Bonds:
Tax Allocation Bonds - 1990 Issue $ 50,995,000 $ $ 1,030,000 $ 49,965,000
Tax Allocation Bonds - 1994 Issue 60,745,000 - 1,100,000 59,645,000
Housing Set-Aside Tax Allocation Bonds - 1996 Issue 37.665,000 37.665.000
Total Bonds $ 111.740.000 $ 37.665.000 $ 2.130.000 $ 147.275.000
Developer Loans $ 44.464.414 $ $ 27.600.400 $ 16.864.014
Advances from Other Funds:
City of Rancho Cucamonga $ 4,290,000 $ - $ - $ 4,290,000
Rancho Cucamonga Redevelopment Agency 14.472.211 6.104.416 4.700.000 15.876.627
Total Advances to Other Funds $ 18.762.211 $ 6.104.416 $ 4.700.000 $ 20.166.627
Obligation Under Capital Leases $ 726.181 $ 97.081 $ 196.114 $ 627.148
Note Payable - County Agreement $ 550.000 $ $ 100.000 $ 450.000
Accrued Employee Benefits $ 1.548.085 $ 174.592 $ $ 1.722.677
Total Long-Term Debt Account Group $ 178.860.891 $ 44.041.089 $ 35.056.514 $ 187.845.466
The adjustments above related to recording the Federal Bureau of Reclamation Loan which was previously omitted.
38
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June 30,
1997:
Developer
Loans and City
Fiscal Yea Bonds Notes Loans Total
1997-98 $ 11,611,986 $ 2,905,428 $ 20,166,627 $ 34,684,041
1998-99 11,612,652 1,337,928 12,950,580
1999-2000 11,211,688 1,287,928 12,499,616
2000-01 11,202,371 1,287,928 12,490,299
2001-02 10,218,062 1,287,928 11,505,990
Later Years 291.149.340 10.165.446 301.314.786
Total Debt Service $ 347,006,099 $ 18,272,586 $ 20,166,627 $385,445,312
Total interest 198.991.099 958.572 199.949.671
Total Principal $ 148.015.000 $ 17.314.014 $ 20.166.627 $ 185,495,641
Other Debt:
Accrued employee benefits 1,722,677
Obligations under capital leases 627.148
Total Long-Term Debt Principal $ 187.845.466
City Loans outstanding do not have fixed amortization as funds will be repaid when available. Amounts above for these represent the
loan balance as of June 30, 1997 plus matured interest due at that date. Other developer loans do not have a fixed amortization as debt
service payments are based on tax revenue collections. Foi these, debt service has been spread equally over the term of the debt.
Note 12: Other Special Obligations
The following issues of Residential Mortgage Revenue Bonds, Certificates of Participation and Special Assessment Bonds are not reflected
in the Long-Term Debt Account Group because these are special obligations payable solely from and secured by specific revenue sources
described in the resolutions and official statements of the respective issues. Neither the faith and credit nor the taxing power of the City,
the Redevelopment Agency, the State of California or any political subdivision thereof, is pledged for the payment of these bonds:
39
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 12: Other Special Obligations (Continued)
Original Amount
Rancho Cucamonga-Palmdale-Porterville-Conon Housing Finance Agency,
Single Family Mortgage Revenue Bonds, Series 1986 $ 17,505,000
City of Rancho Cucamonga:
Improvement Bonds, Improvement District 85-PD 5,915,000
Improvement Bonds, Assessment District No. 82-1R 5,961,249
Community Facilities District No. 84-1, 1992 Refunding
Special Tax Bonds 16,530,000
Improvement Bonds, Assessment District 84-2 1,716,794
Improvement Bonds, Assessment District 86-2 2,059,352
Improvement Bonds, Assessment District 89-1 4,780,673
Community Facilities District 93-3 4,625,000
Community Facilities District 88-2 2,920,000
Rancho Cucamonga Redevelopment Agency:
Multi-Family Housing Revenue Bond
Series 1997A 5,912,500
Series 19978 841.500
Total $68.967.068
Note 13: Interfund Receivables and Payables
The individual fund interfund receivable and payable balances at June 30, 1997 are as follows:
Interfund Interfund
Due from/to other funds: Receivables Payables
General Fund $ 2,321,381 $ 363,209
Special Revenue Funds:
Park Bond Act - 556,720
Community Development Block Grant - 233,431
SB 140 - 471,034
Measure I - 727,682
Used Oil Recycling Grant - 12,245
Adult Education Act Grant - 3,682
Fire District 18,094 237,347
40
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 13: Interfund Receivables and Payables (Continued)
Interfund Interfund
Due from/to other funds: (Continued) Receivables Payables
Debt Service Funds:
Redevelopment Agency $ 397,859 $ 15,150
Capital Projects Funds:
Redevelopment Agency 3,152,119 3,267,099
Agency Funds:
Special Deposits 1.8
Total $ 5.889.453 $ 5,889.453
Advances from/to other funds:
General Fund $ 16,176,627 $ -
Special Revenue Fund:
Park Development 300,000
Capital Projects Fund:
Rancho Cucamonga Redevelopment Agency 4,290,000
Long-Term Debt Account Group:
Rancho Cucamonga Redevelopment Agency 20.166.627
Total $ 20.466.627 $ 20.466.627
41
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity
a. Reservation of Fund Balance/Retained Earnings
The City has established certain fund balance/retained earnings reserve accounts to report the amounts in the following funds which
represent amounts restricted for a specified purpose or fund balances which are not available for appropriation in future periods.
1. Reserved for Advances to Other Funds:
General Fund $ 8,321,226
Capital Projects Funds:
Redevelopment Agency 4.290.000
Total Reserve for Advances to Other Funds $ 12.611.226
2. Reserved for Encumbrances:
General Fund $ 656.331
Special Revenue Funds:
Gas Tax $ 15,247
SB 325 83,217
Recreation 59,176
Park Development 40,733
Beautification 84,580
Lighting District 75
Landscape Maintenance District 162,567
System Development 135,225
Community Development Block Grant 35,615
Assessment Administration 10,944
SB 140 15,684
Air Quality Improvement 2,400
Measure 1 194,826
Library Services 1,289
California Literacy Campaign 828
Major Urban Resource Library Grant 2,374
Local Law Enforcement Block Grant 28,897
Grandparents and Books Grant 2.350
Total Special Revenue Funds $ 876.027
42
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Debt Service Funds:
Redevelopment Agency $ 20.886
Capital Projects Funds:
Redevelopment Agency $ 4.571.025
Total Reserve for Encumbrances $ 6.124.269
3. Reserve for Land Held for Resale:
Capital Projects Funds:
Redevelopment Agency $ 8.501.294
4. Reserved for Future Fire Station:
Special Revenue Funds:
Fire District $ 1.988.944
5. Reserved for Capital Projects:
Special Revenue Funds:
Landscape Maintenance District $ 3,795,515
Lighting Maintenance District 611.877
Total Reserve for Capital Projects $ 4.407.392
6. Reserved for Long-Term Loans Receivable
Capital Projects Funds:
Redevelopment Agency $ 11.485.051
7. Reserved for Vehicle and Equipment Replacement:
Special Revenue Funds:
Gas Tax $ 257,980
Fire District 1,733.536
$ 1,991,516
Internal Service Funds
Vehicle Replacement 10.703.370
Total Reserved for Vehicle and Equipment Replacement $ 12.694.886
43
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
8. Prepaid PERS Costs:
General Fund $ 1.412.421
9. Prepaid PERS Rate Adjustment $ 525.000
Total Reserved $ 59.750.483
Description of Reserves:
1. Reserve for Advances to Other Funds
This reserve is used to indicate that the long-term portion of Advances to other funds do not represent available, spendable resources
even though they are a component of total assets.
2. Reserve for Encumbrances
Amounts reserved for encumbrances are commitments for materials and services or purchase orders and contracts which are
unperformed.
3. Reserve for Land Held for Resale
This reserve is used to indicate that land held for resale does not represent available spendable resources even though they are a
component of total assets.
4. Reserve for Future Fire Station
This reserve represents amounts segregated by the Fire District for use in constructing a fire station.
5. Reserve for Capital Projects
This reserve represents projects legally approved by governing boards which have not been started as of the date of this report.
6. Reserve for Long-Term Loans Receivable
This reserve represents deferred rehabilitation loans made by the Redevelopment Agency which do not represent available spendable
resources even though they are a component of total assets.
44
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
7. Reserve for Vehicle and Equipment Replacement
This reserve represents amounts segregated by the Fire District for use in future vehicle and equipment replacement.
8. Reserve for Prepaid PERS Costs
This reserve is used to indicate that prepaid costs do not represent available spendable resources even though they are a
component of total assets
9. Reserve for PERS Rate Adjustment
This reserve represents amounts legally segregated for use in future PERS rate adjustments.
b. Unreserved - Designations
The City has established certain designations to indicate tentative managerial plans or intent.
Designated for Self-Insurance
General Fund $ 5,714,630
Designated for Changes in Economic Circumstances
General Fund 11,901,861
Designation for Working Capital
General Fund $ 1,411,831
Special Revenue Funds:
Lighting Districts 652,849
Landscape Maintenance Districts 3,377,776
Library Services 63,375
Fire District 1.300.760 6,806,591
Designated for Continuing Projects
Capital Projects Funds:
Redevelopment Agency 66,701,008
45
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Designation for Equipment and Vehicles
Capital Projects Funds:
Redevelopment Agency $ 200,000
Designation for Long-Term Employee Leave Pay Outs
General Fund 1,960,950
Designation for Integrated Waste Management
General Fund 504,707
Designation for Booking Fees
General Fund 723,000
Designation for City Facilities Capital Repairs
General Fund 4,664,645
Designation for Law Enforcement
General Fund 1,490,000
Designation for County Library Agreement
General Fund 200,000
Designation for Lions Center Renovation
General Fund 835,600
Designated for Debt Service
Debt Service Funds:
Public Improvement Corporation $ 295,709
Redevelopment Agency 20.165,858
Total Designated for Debt Service 20.461.567
Total $ 122.164.559
46
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
c. Opening Fund Balance Retained Earnings Adjustments
Beginning fund balances/retained earnings in the prior year column have been restated as follows:
General Fund:
Restate Public Improvement Corporation Fund as a result
of arbitrage calculation $ 104 853
Special Revenue Funds:
Gas Tax Fund:
Transfer prior year expenditure for maintenance of
vehicles that should have been expensed out of the
Vehicle Replacement Fund where vehicles will be replaced $ 96,050
Restate lien receivable to proper amount (2,461)
Systems Development:
Transfer prior year expenditure for Capital Improvement
Project that should have been expensed out of SB 140 Fund 56,662
Federal AID Urban:
Restate prior year grant receivable (77,904)
SB 140:
Transfer prior year expenditure for capital improvement that
should have been expensed in SB 140 Fund and restate
prior year grant receivable (80,436)
Measure I:
Transfer prior year expenditure for capital improvement that
should have been expensed out of SB 140 Fund 91,728
Total Special Revenue Fund $ 83,639
47
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Capital Project Funds:
Redevelopment Agency
Restate fund balance for interest income under reported
in prior year $ 60.300
Enterprise Fund:
Sports Complex
Restate contributed capital for fixed assets contributed in
in prior year $ 62.457
Internal Service Funds:
Vehicle Replacement Fund:
Restate prior year fixed asset balance $ 817.054
d. Residual Equity Transfers
During 1996-97 the General Fund made a residual equity transfer to create the Data Processing Equipment and Replacement Fund as
a new Internal Service Fund.
IV. OTHER DISCLOSURES
Note 15: Summary Disclosure of Self-Insurance Contingencies
The City is self-insured for the first $100,000 on each general liability 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 $10,000,000. Also, the City is self-insured
through PARSAC for workers' compensation. The coverage is for $10,000,000 with no retention amount.
Claims expenditures and liabilities are reported when it is probable that a loss has occurred and the amount of that toss 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. Therefore, no liability is shown on the City's financial statements.
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 32 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 City
48
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 15: Summary of Self-Insurance Contingencies (Continued)
continues to carry commercial companies for all other risks of loss, including property insurance, earthquake and flood, auto physical damage
insurance and tulip/special events insurance.
The PARSAC will publish its own financial report for the year ended June 30, 1997, which can be obtained from Public Agency Risk Sharing
Authority of California, Sacramento, California.
There have been no significant changes in insurance coverage from the prior year. During the past four fiscal years, the amount of
settlements has not exceeded the amount of insurance coverage.
The City is involved in litigation arising in the normal course of business. Although the legal responsibility and financial impact with respect
to such litigation cannot be presently ascertained, based on information from the service agent and others involved with the administration
of the programs, the City believes that the self-insurance designation of $5,064,630 is adequate to cover such losses.
Note 16: Deferred Compensation Plan
The City maintains a deferred compensation plan under Section 457 of the Internal Revenue Code for the benefit of its employees. The plan
allows the employees to defer or postpone receipt of income. Such income deferral provides tax advantages and a savings plan for the
employees. At June 30, 1997, assets of the plan totaled $5,422,471.
With the enactment of (H.R. 3448) on August 20, 1996, effective January 1, 1997 employers must establish a trust arrangement or similar
vehicle to ensure assets for 457 deferred compensation plans are protected and used exclusively for plan participants and beneficiaries.
For 457 plans in existence on the date of enactment, a trust will not need to be established until January 1, 1999. For 457 plans established
after the date of enactment, the provision takes effect immediately. As of this report date, the City has established a trust arrangement for
its Section 457 plan with ICMA and is in the process of doing the same with its plan with Great Western.
The City has a fiduciary responsibility to safeguard the assets of the program and to ensure that the plan is properly maintained by the plan
administrator. Generally, assets are available to participants only upon termination of employment with the City, retirement, death or disability.
Note 17: 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
49
M M M M M M M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 17: West End Communications Financing Authority (Continued)
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 Authority issued two sets of 1991 Revenue Bonds on August 9, 1991 and in order to purchase 800MHZ Communications Equipment
which is, in turn, to be leased to the agencies. Series A was issued for $4,050,000 and the equipment acquired will be leased to the City
of Chino. Series B was issued for$5,620,000 and the equipment acquired will be leased to the Cities of Ontario and Rancho Cucamonga.
Lease payments made by the member agencies are security for the debt and will be used to retire the debt.
V. SEGMENT INFORMATION
Note 18: Segment Information - Enterprise Fund
a. The following schedule presents segment information for the Enterprise Fund maintained by the City.
Sports Complex
Operating revenues $ 961,225
Depreciation 441,121
Operating income (loss) (889,575)
Operating transfers in 237,320
Tax revenues 143,556
Net income (loss) (504,027)
Contributed capital 20,072,998
Net working capital 149,249
Total assets 20,390,725
Total equity 20,281,021
50
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 18: Segment Information -Enterprise Fund (Continued)
b. Reconciliation of Contributed Capital
Sports Complex
Beginning balance $ 20,540,307
Adjustment for fixed assets contributed
in prior year (37,319)
Depreciation related to contributed capital (429.99
Ending Balance $ 20.072.998
VI. SIGNIFICANT EFFECTS OF SUBSEQUENT EVENTS
Note 19: Bonds Repayment by Redevelopment Agency
On August 25, 1997, the Agency made a lump sum payment of$8,750,000 to First Trust of California (the Trustee') as a prepayment of debt
on its 1990 tax allocation bonds.
Note 20: Recent Legislation
During 1995, the California Supreme Court issued a decision which reinstated Cafrfornia'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 can not be determined.
51
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1
1
CITY OF RANCHO CUCAMONGA Schedule 1
BALANCE SHEET
GENERALFUND
JUNE 30, 1997
TOTALS
June 30,
1997 1996
A S S E T S
Cash and investments $ 28,472,513 $ 26,481,796
Receivables(net of allowance for uncollectibles):
Taxes 1,692,661 1,490,583
Accounts 632,536 887,709
Interest 229,312 250,142
Due from other funds 2,321,381 1,415,494
PERS surplus 1,412,421 1,096,403
Advances to other funds 16,176,627 14,772,211
Deposits 8,991
Total Assets $ 50,937,451 $ 46,403,329
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 792,492 $ 491,264
Accrued payroll payable 133,180 162,802
Accrued employee benefits payable-current 1,465,608 1,230,843
Due to other funds 363,209 66,160
Deterred revenue 7,860,760 6,453,936
Total Liabilities 10,615,249 8,405,005
Fund Balances: -
Reserves:
Reserved for encumbrances 656,331 469,002
Reserved for prepaid PERS costs 1,412,421 1,096,403
Reserved for prepaid PERS rate adjustment 525,000 -
Reservedforadvancestootherfunds 8,321,226 8,321,226
Unreserved:
Designated for self-insurance 5,714,630 5,064,630
Designated for long-term employee leave pay outs 1,960,950 1,824,140
Designated for future computer equipment - 3,250,000
Designated for County Library agreement 200,000 300,000
Designated for Lions Center renovation 835,600 835,600
Designated for integrated waste management 504,707 534,078
Designated for booking fees 723,000 600,000
Designated for City facilities'capital repairs 4,664,645 4,264,645
Designated for changes in economic circumstances 11,901,861 9,D86,100
Designated for law enforcement 1,490,000 1,000,000
Designated for working capital 1,411,831 1,352,500
Undesignated
Total Fund Balances 40,322,202 37,998,324
Total Liabilities and Fund Balances $ 50,937,451 $ 46,403,329
52
CITY OF RANCHO CUCAMONGA Schedule 2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TOTALS
June 30,
Revenues: 1997 1996
Taxes
Licenses and permits $ 21,662,262 $ 21,104,640
Fines and forfeits 1,795,225 1,593,576
Use of money and property 206,875 207,188
Intergovernmental 2,411,805 2,294,809
Charges for services 5,439,152 5,383,283
Other 1,891,515 1,875,752
Total Revenues 3,008,235 2,602,148
Expenditures: 36,615,069 35,061,396
Current:
General government
Public safety 5,365,830 4,893,189
Engineering and public works 10282,929 9,417,013
Community development 6,495,631 6,306,375
Community services 2,928,892 2,964,885
Debt service: 1,124,226 1,092,758
Principal
Interest and fiscal charges 102,502 254,933
Total Expenditures 17,715 38,596
26,317,725 24,967,779
Excess of Revenues over(under)Expenditures 10,297,344 10,093,617
Other Financing Sources(Uses):
Operating transfers In
Operating transfers out - 267,559
Debt proceeds (4,425,400) (1,644,636)
Transfer from bond trustee 97,081 -
18,730
Total Other Financing Sources(Uses) (4,328,319) (1,358,347)
Excess of Revenues and Other Sources over
(under)Expenditures and Other Uses $ 5,969,025 $ 8,735,270
Fund Balances:
Beginning of Fiscal Year -as previously reported
Restatement $ 37,998,324 $ 29,263,312
Beginning of Fiscal Year-as restated 104,85338,103,177 29,263,312
Excess of Revenues and Other Sources over
(under) Expenditures and Other Uses 5,969,025 8,735,270
Residual Equity Transfer (3,750,000) (258)
End of Fiscal Year $ 40,322,202 $ 37,998,324
53
CITY OF RANCHO CUCAMONGA Schedule 3
Page 1 of 4
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS)
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30,1997
T O T A L S.Year Ended June 30,
1997 1996
ar ance-
Favorable
Budget Actual (Unfavorable) Actual
Revenues:
Property taxes $ 1,653,000 $ 1,655,554 $ 2,554 $ 1,772,721
Other taxes:
Property transfer tax 225,000 250,766 25,766 231,025
Transient occupancy tax 120,000 169,934 49,934 120,124
Sales and use taxes 9,364,000 10,025,134 661,134 9,590,636
Admission tax - - - 5,030
Franchise taxes 3,585,500 2,953,581 (631,919) 2,963,231
Utility users tax 6,000,000 6,807,293 807,293 6,421,873
Total Taxes 20,947,500 21,862,262 914,762 21,104,640
Licenses and permits:
Building permits 725,000 866,596 141,596 708,078
Business licenses 840,000 920,884 80,884 877,706
Other permits 7,300 7,745 445 7,792
Total Licenses and Permits 1,572,300 1,795,225 222,925 1,593,576
Fines,forfeits and penalties:
Court fines 180,400 119,329 (61,071) 128,095
Parking tickets and other 86,500 87,546 1,046 79,093
Total Fines and Forfeits 266,900 206,875 (60,025) 207,188
Use of money and property:
Interest income 1,760,000 2,411,805 651,805 2,294,809
Total Use of Money and Property 1,760,000 2,411,805 651,805 2,294,809
Intergovernmental:
Motor vehicle in lieu 4,600,000 4,788,074 188,074 4,532,696
Homeowners exemption and other subvention 55,000 61,229 6,229 60,596
Youth program reimbursements - - - 100,905
State grant reimbursements - - 98,434
FEMA claims - - 267
Waste management fees - 587,997 587,997 588,518
OB-highway motor vehicle 1,850 1,852 2 1,867
Total Intergovernmental 4,656,850 5,439,152 782,302 5,383,283
54
CITY OF RANCHO CUCAMONGA Schedule 3
SCHEDULE OF REVENUES, EXPENDITURES AND Page 2 of 4
CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS)
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30,1997
T O T A L S-Year Ended June 30,
1997 1996
arance
Favorable
Chargee for services: Budget Actual (Unfavorable) Actual
Plan check fees
Planningfees $ 400,000 $ 408,551 $ 8,551 $ 333,491
Engineering fees 444,000 339,701 (104,299) 417,135
Sale of materials 565,000 837,848 272,848 524,062
Other charges for services 71,600 75,475 3,875 75,485296,800 229,940 (66,860) 525,579
Total Charges for Services 1,777,400 1,891,515 114,115 1,875,752
Other:
Cost reimbursements
Sale of fixed assets 2,900,710 2,982,650 81,940 2,578,903
500 492
Miscellaneous revenue 4,250 25,093 20,843) 21,244
Total Other 2,905,460 3,008,235 102,775 2,602,148
Total Revenue 33,886,410 36,615,069 2,728,659 35,061,396
Expenditures:
General government:
City council
City manager 87.920 64,058 3,862 62,200
440,620 434,459 6,161 421,418
City clerk 369,810 365,188 4,622 307,382
Personnel overhead 584,574 (591,890) 1,176,464
General overhead 1,613,810 946,726 667,084 (869,546)
Treasurer 3,670 2,753 917 2 984
Administrative services 1,508,569 1,251,594 256,975 1,121,583
Finance 514,047 490,580 23,467 455,519
Business licenses 128,430 127,152 1,278 122,023
Personnel 199,058 191,945 7,113 192,526
Purchasing 158,155 158,514 359
) 1
Risk management 99,740 75,606 24,13475,930
Redevelopment Agency administration 615,110 563,925 51,185 579,339
Fire District administration 97,130 90,569 6,561 88,828
City facilities 2,081,513 1,612,803 468,710 1,502,347
Total General Government 8,482,156 5,783,982 2,698,174 5,002,867
55
CITY OF RANCHO CUCAMONGA Schedule 3
SCHEDULE OF REVENUES,EXPENDITURES AND Page 3 of 4
CHANGES IN FUND BALANCES•BUDGET AND ACTUAL(BUDGETARY BASIS)
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
T O T A L S-Year Ended June 30,
1997 1996
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Public safety:
Police:
Sheriff contract services $ 10,296,160 $ 9,803,541 $ 492,619 $ 9,127,503
Emergency preparedness 209,530 174,117 35,413 213,891
Animal control 359,628 311,347 48,281 76,651
Total Public Safety 10,865,318 10,289,005 576,313 9,418,045
Engineering and public works:
Engineering administration 711,240 660,216 51,024 872,484
Development management 751,970 749,088 2,882 693,848
Traffic management 249,140 210,036 39,104 251,967
Project management 115,680 115,182 498 389,940
Construction management 324,300 323,996 304 393,453
Waste management 889,420 843,940 45,480 476,554
Street and park maintenance 3,343,030 3,182,949 160,081 2,945,444
Vehicle maintenance 620,604 595,300 25,304 564,672
Total Engineering and Public Works 7,005,384 6,680,707 324,677 6,588,362
Community development:
Planning commission 7,050 7,003 47 42,964
Administration 190,090 187,809 2,281 139,905
Planning 1,057,150 997,672 59,478 1,057,871
Building and safety 1,832,750 1,783,371 49,379 1,799,292
Total Community Development 3,087,040 2,975,855 111,185 3,040,032
Community services:
Community services 1,213,720 1,123,644 90,076 1,092,924
Park and recreation commission 1,542 646 896 1,022
Total Community Services 1,215,262 1,124,290 90,972 1,093,946
Debt service:
Principal 102,502 (102,502) 254,933
Interest and fiscal charges 17,715 (17,715) 38,596
Total Debt Service 120,217 (120,217) 293,529
Total Expenditures 30,655,160 26,974,056 3,681,104 25,436,781
Excess of Revenues over(under)Expenditures 3,231,250 9,641,013 6,409,763 9,624,615
56
CITY OF RANCHO CUCAMONGA Schedule 3
SCHEDULE OF REVENUES, EXPENDITURES AND Page 4 of 4
CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS)
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
T O T A L S-Year Ended June 30,
1997 1996
ar anee-
Favorable
Other Financing Sources(Uses): Budget Actual (Unfavorable) Actual
Operating transfer in $ $ - $ $ 267,559
Operating transfer out (1,190,551) (4,425,400
Debt proceeds ) (3,234,848) (1,644,636)
• 081081 97,
Transfer from bond trustee 97, -
18,730
Total Other Financing Sources(Uses) (1,190,551) (4,328,319) (3,137,768) (1,358,347)
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetray Basis) 2,040,699 5,312,694 3,271,995 8,266,268
Adjustments:
To adjust for encumbrances 656,331 656,331 469,002
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(GAAP Basis) $ 2,040,699 $ 5,969,025 $ 3,928,326 $ 8,735,270
Fund Balances:
Beginning of Fiscal Year -as previously reported $ 37,998,324 $ 37,998,324 $ - $29,263,312
Restatement 104,853 104,853
Beginning of Year•as restated 37,998,324 38,103,177 104,853 29,263,312
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 2,040,699 5,969,025 3,928,326 8,735,270
Residual Equity Transfer (3,250,000) (3,750,000) (500,000) (258)
End of Fiscal Year $ 36,789,023 $ 40,322,202 $ 3,533,179 $37,998,324
57
Lcf) oz (-- -n mczm < mx r D - C� m -vcn
This page intentionally left blank. '
I
1
' SPECIAL REVENUE FUNDS
Gas Tax Fund
' Establish 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
' Establish 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.
' SB300 Fund
Established to account for the revenue and disbursement of state general funds monies for the
reconstruction of existing roadways when the widening brings the road up to generally acceptable
safety standards..
Lighting Districts Fund
Established to account for the costs associated with providing street lights. Financing is provided
' by special assessments levied against the benefitting property owners.
Landscape Maintenance Fund
Established to account for the costs associated with providing landscape maintenance. Financing
' is provided by special assessments levied against the benefitting property owners.
Systems Development Fund '
Established to account for fees charged a subdivider for the construction and expansion of City '
streets and highways which provide additional capacity and safety.
Park Bond Act 1980 and 1984 Funds ,
Established to account for the revenue and disbursement of funds received from the State of ,
California for construction of parks and recreational facilities.
Drainage Facilities Fund '
Established to account for fees charged developers for purposes of defraying the actual or estimated '
costs of constructing planned drainage or sewer facilities that are in the subdivision.
Pedestrian Grants Fund '
Established to account for the revenue and disbursement of funds received for the construction of
facilities provided for the exclusive use of pedestrians and bicycles. '
Federal Aid Urban Fund
Established to account for the revenue and disbursement of Federal funding for the construction of
the City roadway system.
Community Development Block Grant Fund '
Established to account for grants received from the Department of Housing and Urban Development. '
These revenues must be expended to accomplish one of the following objectives: elimination of
slum or blight, or benefit to low and moderate income persons by providing loans and grants to ,
owner-occupants and rental property owners to rehabilitate residential properties.
Assessment Administration Fund '
Established to account for the revenue and disbursement of administration of assessment districts.
San Sevaine/Etiwanda Drainage '
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.
1
' SB 140
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 & Safety Code Chapter 7, Part 5
of Division 26, commencing with Section 44220).
' 800 MHZ Fund
' Established to account for the revenue and disbursement of funds received as a result of the
formation of the West End Communications Financing Authority which issued bonds to provide
funds for the acquisition of certain capital equipment by the cities of Chino, Ontario, and Rancho
' Cucamonga, California.
Fuel Efficient Traffic Signal Management Grant Fund (FETSIM)
' Established to account for grants received from the California Department of Transportation. These
revenues are to be used on the retiming of signalized intersections.
SBA Tree Grant
Established to account for expenses and reimbursements associated with the U.S. Small Business
Administration's discretionary grant program for the planting of trees by certified small businesses.
' South Etiwanda Drainage
' 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.
' Masi Commerce Center
Established to account for monies deposited by developers for initial consulting and administrative
' costs and expenses related to a proposed public financing district.
Measure I
' 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
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 '
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 '
The California Literacy Campaign Grant is administered by the State Library of California for the
purpose of promoting literacy. '
Weingart Foundation Grant
The Weingart Grant Fund is administered by a private foundation (Weingart Foundation) which ,
awarded this one time grant to the City of Rancho Cucamonga's Library. These funds are to be used '
specifically for the establishment of an electronic learning library meant to provide students
(kindergarten through twelfth grade) with home work assistance.
MURLS Grant ,
Awarded each year by the California State Library this Grant program is titled Major Urban '
Resource Libraries Services Grant and is funded through the Federal Library Services and
Construction Act. Awarded on application to public libraries serving a population in excess of
100,000, the funds must be used to purchase business reference resources. '
Used Oil Recycling Grant
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.
Fire District '
Established to account for the revenue and disbursement of funds received by Rancho Cucamonga
Fire Protection District in the course of that agency's fire protection services. '
1
CITY OF RANCHO CUCAMONGA Schedule 4
Page 1 of 4
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1997
Landscape
Park Lighting Maintenance Systems Park Bond
SSGas Tex SB 325 Recreation Development Beautification Districts Districts Development Act
AET S
Cash and investments $ 2,613,234 $ 402,456 $ 390,332 $1,097,775 $ 511,538 $ 1,273,911 $ 7,855,573 $ 3,041,951 $ -
Receivables(net of allowance for uncollectibles):
Taxes - - - - 18,968 82,462 - .
Accounts - - - 3,794 - -
Accrued Interest -
Deferred loans - - - - - - - - -
Liens - - - _ - - 1,274 -
Grants - - _ _ - - 556,720
Due from other funds
Total Assets $ 2,613,234 $ 402,456 $ 390,332 $1,097,775 $ 511,538 $ 1,292,879 $ 7,941,829 $ 3,043,225 $ 556,720
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 117,444 $ 6,300 $ 25,264 $ 1,181 $ 45,648 $ 27,693 $ 585,109 $ 6,168 $ -
Accrued payroll payable 19,303 247 11,553 - 2,010 385 20,862 8,844 -
Employees benefits payable - - - - - - - -
Due toother funds - - - - - - - 556,720
Due to other governments - - - - - - _ -
Deferred revenue - - - - 69,528 - - -
Advances from other funds 300,000
Total Liabilities 136,747 6,547 36,817 301,181 117,186 28,078 605,971 15,012 556,720
Fund Balances:
Reserved for encumbrances 15,247 83,217 59,176 40,733 84,580 75 162,567 135,225 -
Reserved for capital projects - - - - 611,877 3,795,515 - -
Reserved for future fire station - - - - - -
Reserved for land acquisition - - - - - -
Reserved for employee leave pay outs - - - - - - - -
Reserved for radio system acquisition - - - - -
Reserved for vehicle and
equipment replacement 257,980 - - - - - - - -
Unreserved:
Designated for working capital - - - 652,849 3,377,776 -
Undesignated 2,203,260 312,692 294,339 755,861 309,772 2,892,988
Total Fund Balances 2,476,487 395,909 353,515 796,594 394,352 1,264,801 7,335,858 3,028,213
Total Liabilities and Fund Balances $ 2,613,234 $ 402,456 $ 390,332 $1,097,775 $ 511,538 $ 1,292,879 $ 7,941,829 $ 3,043,225 $ 556,720
58
CITY OF RANCHO CUCAMONGA Schedule 4
COMBINING BALANCE SHEET Page 2 of 4
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1997
Community San Sevalne/ Air South
Drainage Pedestrian Federal Development Assessment Etiwanda Quality FETSIM Ettwanda
ASSET S Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Improvement Grant Drainage
Cash and investments $ 748,780 $ 6,694 $ 175,338 $ $ 362,935 $ 874,272 $ - $ 119,747 $ 154 $ 11,423
Receivables jnet of allowance for uncollectibles):
Taxes
Accounts - -
Accrued Interest - _ 210 29,400
Deferred loans - _ - 247,917
Liens -
Grants - 588 79,861 245,750 - _ 471034 -
Due from other funds -
Total Assets $ 748,780 $ 7,282 $ 255,199 $ 493,667 S 363,145 $ 874,272 1 471,034 $ 149,147 $ 154 $ 11,423
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ - $ 8,656 $ 4,759 $ $ - $ 4,213 $ $
Accrued payroll payable - - - 3,663 5,318 - _ 334
Employees benefits payable - - -
Due to other funds - 233,431 - - 471,034
Due to other governments - - 20,455 247,917 - _
Deferred revenue 3,793 - - - _ - - 154
Advances from other funds -
Total Liabilities 3,793 20,455 493,667 10,077 471,034 4,547 154
Fund Balances:
Reserved for encumbrances - - 35,615 10,944 - 15,684 2,400
Reserved for capital projects _ - _ _ - "
Reserved for future fire station
Reserved for land acquisition
Reserved for employee leave pay outs
Reserved for radio system acquisition
Reserved for vehicle and "
equipment replacement
Unreserved: -
Designated for working capital - - _ - _ _
Undesignated 744,987 7,282 234,744 (35,615) 342,124 874,272 (15,684) 142,200 11,423
Total Fund Balances 744,987 7,282 234,744 353,068 874,272 144,600 11,423
Total Liabilities and Fund Balances $ 748,780 $ 7,282 $ 255,199 $ 493,667 $ 363,145 $ 874,272 $ 471,034 $ 149,147 $ 154 $ 11,423
59
CITY OF RANCHO CUCAMONGA Schedule 4
Page 3 of 4
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1997
Masi California Major Urban Used Oil Local Law COP'S
Commerce Library Literacy Resource Recycling Enforcement Program
Center Measure I services Metrolink Campaign Library Grant Grant Block Grant Gram
A S S E T S
Cash and investments $ 3,679 $ 18,875 $ 438,273 $ 32,740 $ 8,122 $ 3,197 $ - $ 81,140 $ 285,428
Receivables(net of allowance for uncollectibles):
Taxes - 129,009 12,304 - - - - -
Accounts - 7,617 - - - -
Accrued Interest - - - - - - -
Deferred loans - - - - - - -
Liens - - - - - - -
Grants - - - - 14,176 -Due from other funds
Total Assets $ 3,679 $ 147,884 $ 458,194 $ 32,740 $ 8,122 $ 3,197 $ 14,176 $ 81,140 $ 285,428
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 178 $ 48,234 $ 33,073 $ - $ 5,042 $ 1,094 $ 1,931 $ 8,053 $ -
Accrued payroll payable - 765 13,846 - 523 - - - -
Employees benefits payable - - - - - -
Due to other funds - 727,682 - - - - 12,245 - -
Due to other governments - - - - - - - -
Deferred revenue - 10,000 - 2,557 2,103 - 73,087 -
Advances from other funds
Total Liabilities 178 776,681 56,919 8,122 3,197 14,176 81,140
Fund Balances:
Reserved for encumbrances 194,826 1,289 828 2,374 - 28,897 -
Reserved for capital projects - - - - - - - -
Reserved for future fire station - - - - - - -
Reserved for land acquisition - - - - - - - -
Reserved for employee leave pay outs - - - - - - - -
Reserved for radio system acquisition - - -
Reserved for vehicle and
equipment replacement - - - - - - -
Unreserved:
Designated for working capital - - 63,375 - - - - - -
Undesignated 3,501 (823,623) 336,611 32,740828 2,374 2( 8,897) 285,428
Total Fund Balances 3,501 (628,797) 401,275 32,740 285,428
Total Liabilities and Fund Balances $ 3,679 $ 147,884 $ 458,194 $ 32,740 $ 8,122 $ 3,197 $ 14,176 $ 81,140 $ 285,428
60
CITY OF RANCHO CUCAMONGA Schedule 4
COMBINING BALANCE SHEET Page 4 of 4
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1997
California
Adult Grandparents State Literacy TOTALS
Education Act 6 Boob Foundation Fire
ASSET S June 30
Grant Grant Grant District 1 9 9 7 , 1 9 9 6
Cash and investments $ $ 2,661 $ $ 8,107,616 $ 28,467,844
Receivables(net of allowance for uncollectibles): $ 24,187,846
Taxes
Accounts - - 157,041 399,784 770,675
Accrued Interest - - 9,915 50,936 56 181
Deferred loans _ - 100,890 100,690 95,124
Liens - 247,917 196,389
Grants 3682 1,274 3,840
Due from other funds 8,640 - 1,380,451 1,085,282
18,094 18,094 102,751
Total Assets $ 3,682 $ 2,661 It 8,640 $ 6.393,556 $ 28,667,190 $ 26,498,058
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ 123 $ - $ 277,562
Accrued payroll payable $ 1,207,725 $ 979,480
Employees benefits payable 229,416 317,069 305,410
Due to other funds 3682 625,991 625,991 566,850
,
Due to other governments - 237,347 2,242,141 1,300,511
Deferred revenue 25388,640 - 268,372 216,844
Advances from other funds _
_ 172,400 80,079
300,000 300,000
Total Liabilities 3,682 2,661 8,640 1,370,316 5,133,698 3,749,174
Fund Balances:
Reserved for encumbrances 2,350 876,027 4,368,846
Reserved for capital projects - 4,407,392 4,034,698
Reserved for future fire station -
Reserved for land acquisition - 1,988,944 1,988,944 1,692,910
_
Reserved for employee leave pay outs - 300,000
Reserved for radio system acquisition _ 288,160
Reserved for vehicle and - - 50,000
equipment replacement _
-Unreserved: - 1,733,536 1,991,516 1,110,971
Designated for working capital 1,300,760
Undesignated -
2350 5,394,760 4,721,2098,874,853 6,182,090
Total Fund Balances 5,023,240 23,533,492 22,748,884
Total Liabilities and Fund Balances $ 3,682 $ 2,661 $ 8,640 $ 6,393,556 $ 28,667,190 $ 26,498,058
61
CITY OF RANCHO CUCAMONGA Schedule 5
COMBINING STATEMENT OF REVENUES,EXPENDITURES Page 1 of 4
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Landscape
Park Lighting Maintenance Systems Park Bond
Gas Tax S8325 Recreation Developmem Beautification Districts Districts Development Act
Revenues:
Taxes $ - $ - $ - $ $ - $ 1,178,101 $ 5,042,049 $ - $
Fines and forfeits _Use of money and property 141,459 28,OD6 - 29,296 - 57,560 400,958
Intergovernmental 2,103,991 - - - 282,146
Charges for services 782,606
Development tees - 799,638 276,956 9,488 1,659,976
Other
216 37,324
Total Revenues 2,245,450 28,006 782,608 829,150 276,956 1,245,149 5,480,331 1,659,976 282,146
Expenditures:
Current:
General government - - - - 1,023,686 - 586,068
Public safety-fire protection - 47
_
Engineering and public works 1,457,618 22,194 - - 146,5
Community development - 4,382,147 -
Community services 744,912 4,061 - -
Ceplialoutlay 890,667 267,524 162 700,870 494,544 - 731,3411 264,680 282,146
Debt service:
Principal 68,612 - - -
Interest and fiscal charges 7,637 -
Total Expenditures 2,424,534 289,718 745,074 704,931 641,091 1,023,686 5,113,495 850,748 282,146
Excess of Revenues over
(under) Expenditures (179,084) (261,712) 37,534 124,219 (364,135) 221,463 366,836 809,228
Other Financing Sources (Uses):
Operating transfers in - - 96,480 378,420
Operating transfers out - - _ -
Miscellaneous - -
Total Other Financing
Sources(Uses) 96,480 378,420
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses $ (179,084) $ (261,712) $ 134,014 $ 502,639 $ (364,135) $ 221,463 $ 366,836 $ 809,228 $
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ 2,561,982 $ 657,621 $ 219,501 $ 293,955 $ 758,487 $ 1,043,338 $ 6,969,022 $ 2,162,323 $
Restatement 93,589 ___ . ___ - ____ - ____- - 56,662
Beginning of Fiscal Year-as restated 2,655,571 657,621 219,501 , 5 1 , 2,218,985 -
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses (179,084) (261,712) 134,014 502,639 (364,135) 221,463 366,836 809,228 -
Residual Equity Transfer
End of Fiscal Year(Schedule 4) $ 2,476,487 $ 395,909 $ 353,515 $ 796,594 $ 394,352 $ 1,264,801 $ 7,335,858 $ 3,028,213 $
62
CITY OF RANCHO CUCAMONGA Schedule 5
COMBINING STATEMENT OF REVENUES,EXPENDITURES Page 2 of 4
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Community San Sevalnet Air South
Drainage Pedestrian Federal Development Assessment Etiwanda Quality FETSIM Etiwanda
Facilities Grants Aid Urban Block Grant Administration Drainage S8140 Improvement Grant Drainage
Revenues:
Taxes
Fines and forfeits $ $ _ $ $ _ $ - $ $ $ $ $
Use of money and property 2,910 421 - 27,212 - - 5,603
Intergovernmental - 588 - 721,672 - 230,560 121,813
Charges for services _ _
Development fees 375,965 - - - 436,373 28,803
Other 3,580 -
Total Revenues 378,875 1,009 725,252 463,585 28,803 230,560 127,416
Expenditures:
Current:
General government - - 401,476 - 224,525
Public safety-fire protection - - - - _
Engineering and public works 36,024 - - -
Community development - - - 127841 - - - - -
Community services _ - - -
Capital outlay 587 597,411 3,056 230,560 55,374
Debt service: '
Principal - - _ - -
Interest and fiscal charges "
Total Expenditures 36,024 587 725,252 404,532 230,560 279,899
Excess of Revenues over
(under) Expenditures 342,851 422 - 59,053 28,803 152,483
Other Financing Sources (Uses):
Operating transfers in - - - - - - 98,590 -
Operating transfers out -
Miscellaneous _ -
Total Other Financing
Sources(Uses) 98,590
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses $ 342,851 $ 422 $ $ $ 59,053 $' 28,803 $ $ 5( 3,893) $ $
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ 402,136 $ 6,860 $ 312,648 $ $ 294,015 $ 845,469 $ 80,436 $ 198,493 $ - $ 11,423
Restatement (77,904) - (80,436)
Beginning of Fiscal Year-as restated 402,136 6,860 234,744 294,015 845,469 - 198,493 - 11,423
Excess of Revenues and Other
Sources over(under)Expendi-
tures and Other Uses 342,851 422 - - 59,053 28,803 - (53,893) - -
Residual Equity Transfer
End of Fiscal Year(Schedule 4) $ 744,987 $ 7,282 $ 234,744 $ - 1_353 068 $ 874,272 $ $ 144,600 $ $ 11,423
63
CITY OF RANCHO CUCAMONGA Schedule 5
Page 3 of 4
COMBINING STATEMENT OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Masi California Major Urban Used Oil Local Law COP'S
Commerce Library Literacy Resource - Recycling Enforcement Program
Center Measure I Services Metrolink Campaign Library Grant Grant Block Grant Grant
Revenues:
Taxes $ - $ - $ 895,479 $ - $ - $ - $ - $ - $
Fines and forfeits -
Use of money and property - 4,112 3,960 727 - - - - 15,646
Intergovernmental - 995,016 - 31,463 99,833 10,611 27,502 14,012 269,782
Charges for services - 196,850 -
Development fees 16,801
Other 91,634
Total Revenues 16,801 999,128 1,187,923 32,190 99,833 10,611 27,502 14,012 285,428
Expenditures:
Current:
General government 13,300 - - - - - - - -
Public safety-fire protection - - - _ _ - - -
Engineering and public works - 209,004 - 11,704 - - 27,502 - -
Community development - - - - - - -
Community services - 1,008,708 - 98,278 10,611 - 13,263 -
Cappital outlay - 2,846,863 - 4,136 1,555 - 749 -
Debt service:
Principal - - 100,000 - - - - - -
Interest and fiscal charges
Total Expenditures 13,300 3,055,867 1,108,708 15,840 99,833 10,611 27,502 14,012
Excess of Revenues over
(under)Expenditures 3,501 (2,056,739) 79,215 16,350 285,428
Other Financing Sources (Uses):
Operating transfers in - - 100,000 - - - - -
Operating transfers out - - - - - - - -
Miscellaneous
Total Other Financing
Sources(Uses) 100,000
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses $ 3,501 $ (2,056,739) $ 179,215 $ 16,350 $ $ $ $ $ 285,428
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ $ 1,336,214 $ 222,060 $ 16,390 $ $ - $ - $ - $ _
Restatement 91,728
Beginning of Fiscal Year-as restated 1,427,942 222,060 16,390 - - - - -
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses 3,501 (2,056,739) 179,215 16,350 - - - - 285,428
Residual Equity Transfer
End of Fiscal Year(Schedule 4) $ 3,501 $ (628,797) L 401,275 $ 32,740 $ $ $ $ $ 285,428
64
CITY OF RANCHO CUCAMONGA Schedule 5
COMBINING STATEMENT OF REVENUES, EXPENDITURES Page 4 of 4
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
California
Adult Grandparents State Literacy TOTALS
Education Act 6 Books Foundation Fire Year ended June 30.
Grant Grant Grant District 1997 1996
Revenues:
Taxes $ - $ $ - $ 6,962,078
77,707
Fines and forfeits - 18,853 $ 14018,853 $ 13,784,001
981
Use of money and properly 381,786 1,099,656 1,147,899
Intergovernmental 3,682 2,462 1,242,125 6,157,258 5,796,121
Charges for services _ -
Developmentfees _ - 105,110 1,084,568 870,239
Other 2,713,750
229,349 3362,03 2116,119
Total Revenues 3,682 2,462 8,939,301 26,404,145 24,523,110
Expenditures:
Current:
General government - - - 2,249,055 1,631,363
Public safety-fire protection - - - 9,096,377 9,096,377 8,951,549
Engineering and public works - - 1,910,593 2,645,840
Community development 4,509,988 3,523,973
Community services 3,682 2,462 1,885,977 2,632,464
De I s outlayervice: -
7,372,232 4,132,338
Debs
Principal - - - 25,000 193,612 161,146
Interest and fiscal charges - 99,062 106,699 10,186
Total Expenditures 3,682 2,462 9,220,439 27,324,533 23,688,859
Excess of Revenues over
(under)Expenditures (281,138) (920,388) 834,251
Other Financing Sources (Uses):
Operating transfers In - - - 455,145 1,128,635 1,006,881
Operating transfers out 374,715
Miscellaneous 492722 492772 ( 10141)
Total Other Financing
Sources(Uses) 947,867 1,621,357 642,307
Excess of Revenues and Other
Sources over(under)Expendi-
tures and Other Uses $ $ $ $ 666,729 $ 700,969 $ 1,476,558
Fund Balances:
Beginning of Fiscal Year•as previously
reported $ - $ - $ - $ 4,356,511 $ 22,748,884 $ 21,272,068
Restatement - 83,639
Beginning of Fiscal Year-as restated - - 4,356,511 22,832,523 21,272,068
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses - - - 666,729 700,969 1,476,558
Residual Equity Transfer - 258
End of Fiscal Year(Schedule 4) $ $ $ $ 5,023,240 $ 23,533,492 $ 22,748,884
65
_ CI OF RANCHO CUCAMONGA Schedule
COMBINING SCHEDULE OF REVENUES, Page 1 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
OAS TAX SB 325 RECREATION
Variance- Variance- variance.
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Texas $ E - E - $ - $ - $ - $ $ $
Fines and forfeits - -
Use of money and property 31,000 141,459 110,459 6,000 28,006 22,006 - - -
intergovernmental 1,860,000 2,103,991 243,991 -
Charges for services - - - - - - 772,020 782,608 10,588
Development fees - - - - -
Other
Total Revenues 1,891,000 2,245,450 354,450 6,000 28,006 22,006 772,020 782,608 10,588
Expenditures:
Current:
General government - - - - - -
Public safety-fire protection - - - -
Engineeringandpublicworks 1,599,980 1,466,005 133,175 23,980 22,194 1,786 - - -
Community development - - - - -
Community services - - 823,365 793,456 29,909
Capital outlay 1,053,424 896,727 156,697 375,946 350,741 25,205 20,900 10,794 10,106
Debt service:
Principal - 68,612 (68,612) - - - - -
Interest and fiscal charges - 7,637 (7,637) -
Total Expenditures 2,653,404 2,439,781 213,623 399,926 372,935 26,991 844,265 804,250 40,015
Excess of Revenues over
(under)Expenditures (762,404) (194,331) 5680073 (393,926) 344,929 48,997
�� (72.245) 21,642 50,603
Other Financing Sources(Uses):
Operating transfers in - - - - - 96,480 96,480 -
Operating transfers out - - - - -
Other
Total Other Financing Sources(Uses) - - - 96,480 96,480
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (762,404) (194,331) 568,073 (393,926) (344,929) 48,997 24,235 74,838 50,603
Adjustments:
To adjust for encumbrances 15,247 15,247 - 83,217 83,217 59,176 59,176
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) E (762,404) S (179,084) S 583,320 E (393,926) E (261,712) $ 132,214 $ 24,235 It 134,014 $ 109,779
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 2,561,982 52,561,982 $ - $ 657,621 $ 657,621 $ - S 219,501 $ 219,501 S -
Restatement 93,589 93,589
Beginning of Fiscal Year-as restated 2,561,982 7655,571 93,589 657,621 657,621 - 219,501 219,501 -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (762,404) (179,084) 5831320 (393,926) (261,712) 132,214 24,235 134,014 109,779
End of Fiscal Year $ 1,799,578 $2,476,487 $ 676,909 $ 263,695 $ 395,909 $ 132,214 $ 243,736 $ 353,515 E 109,779
66
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 2 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
PARK DEVELOPMENT Varfance- Varfance-
BEAUTIFICATION LIGHTING DISTRICTS
Vadance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unlavorable) Budget Actual (Unfavorable)
Taxes E - E - E - $ - S - $ - $ 874,950 E 1,178,101 $ 303,151
Fines and forfeits
Use of money and property 7,000 29.296 22,296
Intergovernmental - 27,320 57,560 30,240
Charges for services
Development fees 750,000 799,638 49,638 264,500 276,956 (7,544) 6,890 9,488 2,598
Other 300 216 (84)
Expenditures:
Total Revenues 757,300 829,150 71,85 09
0 284,500 276,956 (7,544) 9 ,160 1,245,149 335,989
Current:
General government - - - - - - 1,062,790 1,023,761 39,029
Public safety-fire protection _
Engineering and public works - - - 146,390 146,547 (157) -
Community development _ - -
Community services 4,780 4,780 - - _
Capital outlay 756,620 740,884 15,736 687,501 579,124 108,377 -
Debt service: -
Principal _
Interest and fiscal charges
Total Expenditures 761,400 745,664 15,736 833,891 725,671 108,220 1,062,790 1,023,761 39,029
Excess of Revenues over
(under)Expenditures (4,100) 83,486 871586 (549,391) (448,715) 100,676 (153,630) 221,388 375,018
Other Financing Sources(Uses):
Operating transfers in 378,420 378,420
Operating transfers out _ _ _ _ -
Other
Total Other Financing Sources(Uses) 378,420 378,420
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 374,320 461,906 87,586 (549,391) (448,715) 100,676 (153,630) 221,388 375,018
Adjustments:
To adjust for encumbrances 40,733 40,733 84,580 84,580 75 75
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ 374,320 S 502,639 $ 128,319 S (549,391) $ (364,135) S 185,256 E (153,630) E 221,463 $ 375,093
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 293,955 $ 293,955 $ - $ 758,487 E 758,487 $ - $1,043,338 $ 1,043,338 $ -
Restatement
Beginning of Fiscal Year-as restated -------
293,955 293,955 758,487 758,487 - 1,043,338 1,043,338
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 374,320 502,639 128,319 (549,391) (364,135) 1851256 (153,630) 221,463 375,093
End of Fiscal Year $ 668,275 $ 796,594 $ 128,319 S 209,096 S 394,352 E 185,256 $ 889,708 $ 1,264,801 $ 375,093
67
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES Page 3 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
LANDSCAPE
MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT PARK BOND ACT
Variance- Variance- Variance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes $ 4,800,700 E 5,042,049 $ 241,349 $ - E - E - $ - E - $
Fines and forfeits - - - - - - -
Use of money and property 262,060 400,958 138,898 - - - -
Intergovernmental - - - - - 167,710 282,146 114,436
Charges for services - - - - -
Development fees - - - 895,000 1,659,976 764,976 - - -
Other 6,000 37,324 31,329
Total Revenues 5,068,760 5,480,331 411,571 895,000 1,659,976 764,976 167,710 282,146 114,436
Expenditures:
Current:
General government - - - 626,570 590,896 35,674 - - -
Public safety-fire protection - - - - -
Engineering and public works - - - - -
Community development 5,022,693 4,435,699 586,994 - - - -
Community services - - - -
53 - - -
Capital outlay 936,751 840,363 96,388 720, 0 395,077 325,453 282,160 282,146 14
Debt service:
Principal - - - - -
Interest and fiscal charges
Total Expenditures 5,959,444 5,276,062 683,382 1,347,100 985,973 361,127 282,160 282,146 14
Excess of Revenues over
(under)Expenditures (890,684) 204,269 1,094,953 (452,100) 674,003 1,126,103 (114,450) 114,450
Other Financing Sources(Uses):
Operating transfers in - - - - - - - -
Operating transfers out - - - - - - -
Other
Total Other Financing Sources(Uses)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (890,684) 204,269 1,094,953 (452,100) 674,003 1,126,103 (114,450) - 114,450
Adjustments:
To adjust for encumbrances 162,567 162,567 135,225 135,225
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ (890,684) $ 366,836 S 1,257,520S (452,100) $ 809,228 $ 1,261,328 E (114,450) $ E 114,450
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 6,969,022 $ 6,969,022 $ - $ 2,162,323 $2,162,323 $ - $ - $ - $ -
Restatement 56,662 56,662
Beginning of Fiscal Year-as restated 6,969,022 6.969,022 - 2,162,323 2,218,985 56,662 - - -
Excess ofRevenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (890,684) 366,836 1,257,520 (452,100) 809,228 1,261,328 (114,450) 114,450
End of Fiscal Year $ 6,078,338 $ 7,335,858 $ 1,257,520 S 1,710,223 $3,028,213 $ 1,317,990 L(114.450) $ S 114,450
68
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 4 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
DRAINAGE FACILITIES PEDESTRIAN GRANTS FEDERAL AID URBAN
Vedanta• Vadanrx- Vedance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budaat Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes
Fines and forfeits § _ E _ s $ - § § - E - § - §
Use of money and property 1,100 2,910 1,810 100 421 321
Intergovernmental - - - 4,000 508 (3,412)
Charges for services _ - - - _ _
Development fees 80,000 375,965 295,965 -
Other - -
TRevenues
Expenditures:es: 81,100 378,875 297,775 4,100 1,009 (3,091) _
Current:
General government
Public safety-fire protection
Engineering and public works 38,580 36,024 2,556 - -
Community development _ - -
Community servicesCapital outlay 41,000 - 150 21,150
41,000 4,000 587 3,413 21,
Debt service: -
Principal
interest and fiscal charges
Total Expenditures 79,580 36,024 43,558 4,000 587 3,413 21,150 21,150
Excess of Revenues over
(under)Expenditures 1,520 342,851 341,331 100 422 322 (21.150) 21,150
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out
Other
Total Other Financing Sources(Uses)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 1,520 342,851 341,331 100 422 322 (21,150) - 21,150
Adjustments:
To adjust for encumbrances
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) E 1,520 E 342,851 § 341,331 § 100 § 422 E 322 § 1,150 E E 21,150
Fund Balances:
Beginning of Fiscal Year-as previously reported § 402,136 E 402,136 E - E 6,860 E 8,860 E - $ 312,648 E 312,648 E -
Restatement - - - - - - 7,904 (77,904)
Beginning of Fiscal Year-as restated 402,136 402,136 - 6,860 6,860 - 312,648 234,744 (77,904)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 1,520 342,851 341,331 100 422 322 21,150 21.150
End of Fiscal Year E 403,656 $ 744,987 § 341,331 s 6,960 $ 7,282 E 322 E 291,498 E 234,744 E 56,754
69
M CI IM MCHO CUCW NGA� � i � dm MIM i
Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 5 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
COMMUNITY
DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION 89140
Varlanc Varlance- Variance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes E S - $ - E - $ - $ - $ - E
Fines and forfeits - _Use of money and property - 25,000 27,212 2,212 - - -
intergovernmental 841,540 721,672 (119,868) - - - 385,550 230,560
Charges for services _ - (154.990)
Development lees - -
Other 427,310 436,373 9,063
- 3,580 3,580
Expenditures:Total Revenues 841,540 725,252 (116,288) 452,310 463,585 11,275 385,550 230,560 (154,990)
Current:
General government - - - 422,930 408,144 14,786
Public safety-fire protection _ _ _ -
Engineering and public works -
Community development 130,430 130,430 -
Community servicesCapital outlay 774,414 630,437 143,977 10,590 7,332 3,258 385,650 246,244 139,406
Debt service:
Principal - -
Interest and fiscal charges -
Total Expenditures 904,844760,867 143,977 433,520 415,476 18.044 385,650 246,244 139,406
Excess of Revenues over
(under)Expenditures (63,304) (35,615) 271689 18,780 48,109 29,319 (100) (15,684) (15,584)
Other Financing Sources(Uses):
Operating transfers in - - - -
Operating transfers out -
Other -
Total Other Financing Sources(Uses)
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetary Basis) (63,304) (35,615) 27,689 18,790 48,109 29,319 (100) (15,684) (15,584)
Adjustments:
To adjust for encumbrances - 35,615 35,615 10,944 10,944 15,684 15,684
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) S (63,304) S - E 63,304 S 18,790 E 59,053 S 40,263 S (100) E E 100
Fund Balances:
Beginning of Fiscal Year-as previously reported S - E - E - E 294,015 E 294,015 s - E 80,436 E 80,436 E
Restatement - - - - (80,436) (80,436)
Beginning of Fiscal Year-as restated - - - 294,015 294,015 - 80,436 -
(80,436)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (63,304) 63,304 18,790 59,053 40,263 (100) 108
End of Fiscal Year !-&3_,304L S E 63,304 $312,805 S 353.068 E 40,263 E 80,336 E 1_L80 336L
70
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 6 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
AIR OUAUTY IMPROVEMENT MASI COMMERCE CENTER MEASUREI
Variance- Verfanca-
Verlence-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes
Fines end forfeits $ _ $ _ S $ - S - $ - S - S - S Use of money and property 5,050 5,603 553 4,112
Intergovernmental 126,100 121,813 (4,287) - - - 3,150,000 995,016 4 112
Charges for services _ _ (2.154,984)
Development fees 20000 16801 - - -
Other - - (3,199) - -
Total Revenues 131,150
Expenditures: 127,418 (3,734) 20,000 161801 (3,199) 3,15%000 999,128 (2,150,872)
Current:
General government 229,740 224,525 5,215 20,000 13,300 6,700
Public safety-fire protection - - - -
Engineering and public corks - - - - - - 243,050 209,004 34,046
Community development
Community services -
Capital outlay 55,774 57,774 (2,000) - - - 3,086,650 3,041,689 44,961
Debt service:
Principal
Interest and fiscal charges -
Total Expenditures 285,514 282,299 3,216 20,000 13,300 6,700 3,329,700 3,250,693 79,007
Excess of Revenues over
(under)Expenditures (154,364) (154,883) (519) 3,501 3,501 (179,700) (2,251,565) (2,071,865)
Other Financing Sources(Uses):
Operating transfers in 98,590 98,590 - - _
Operating transfers out
Other _
Total Other Financing Sources(Uses) 98,590 98,590 _
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (55,774) (56,293) (519) - 3,501 3,501 (179,700) (2,251,565) (2,071,865)
Adjustments:
To adjust for encumbrances 2,400 2,400 194,826 194,826
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) S (55,774) S (53,893) $ 1,881 $ 5 3,501 S 3,501S (179,700) S (2,056,739) E (1,877,039)
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 198,493 $ 198,493 S - $ - $ - $ - S 1,336,214 $ 1,336,214 $
Restatement - - - 91,728 91,728
Beginning of Fiscal Year-as restated 198,493 198,493 - - - - 1,336,214 1,427,942 91,728
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (55,774) (53,893) 1,881 - 3,501 3,501 (179,700) (2,056,739) (1,877,039)
End of Fiscal Year $ 142,719 S 144,600 $ 1,881 $ S 3,501 $ 3,501 11,156,514
$ (628,797) S (1,785,311)
71
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 7 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
LIBRARY SERVICES METROLINK CALIFORNIA LITERACY CAMPAIGN
Vadance- Variance- Vadance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable
Taxes $ 878,920 S 895,479 S 16,559 E - E - E - E - S - $
Fines and forfeits _ - _
Use of money and property _ 3.960 3,9w - 727 727 '
intergovernmental - - 13,560 31,463 17,90.3 90,430 99,833 9,403
Charges for services 178,400 196,850 18,450 -
Development fees -
Other 99,570 91,634 (7,936) - - - -
Total Revenues 1,156,890 1,187,92331,033 13,560 32,190 18,630 90,430 99,833 9,403
Expenditures:
Current:
General government
Public safety-fire protection
Engineering and public works - - - 12,613 11,704 909 -
Community development - _ -Community services 1,210,846 1,009,997 200,849 - - - 101,428 99,106 2,322
Capital outlay 3,000 - 3,000 4,140 4,136 4 1,555 1,555 -
Debt service:
Principal - /00,000 (100,000)
Interest and fiscal charges
Total Expenditures 1,213,846 1,109,997 103,849 16,753 15,840 913 102,983 100,661 2,322
Excess of Revenues over
(under)Expenditures (56,956) 77,926 134,882 (3,193) 16,350 19,543 (12,553) (828) 11,725
Other Financing Sources(Uses):
Operating transfers in 100,000 100,000 - - _
Operating transfers out _ - -
Other
Total Other Financing Sources(Uses) 100,000 100,000
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 43,044 177,926 134,882 (3,193) 16,350 19,543
(12,553) (828) 11,725
Adjustments:
To adjust for encumbrances 1,289 1,289 828 828
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ 43,044 E 179,215 E 136,171 E (31193) $ 16,350 S 19,543 S (12,553) $
$ 12,553
Fund Balances:
Beginning of Fiscal Year-as previously reported E 222,060 $ 222,060 $ - E 16,390 E 16,390 S - E - E - $ -
Restatement
Beginning of Fiscal Year-as restated --------222,060 222,060 - 16,390 16,390 - - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 43,044 179,215 136,171 (3,193) 16,350 19,543 (12,553) 12,553
End of Fiscal Year S 265,104 S 401,275 S 136,171 E 13,197 $ 32,740 S 19,543 S (12,553) S E 12,553
72
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page B of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
MAJOR URBAN LOCAL LAW ENFORCEMENT
RESOURCE LIBRARY GRANT USED OIL RECYCLING GRANT BLOCK GRANT
Varlance- Varlencs
Vadance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes E - E - E - E - E - S - E - E - E
Fines and forfeits
Use of money and property
Intergovernmental 13,000 10,611 (2,389) 26,310 27,502 1,192 87,100 14,012 (73,088)
Charges for services - _ _
Development fees
Other
Total Revenues13,000 10611 (2389) 26,310 27,502 1,192 87,100 14,012
Expenditures: , , (73,0ee)
Current:
General government -
Public safety-fire protection
Engineering and public works - - 28 430 27 502 928 - - -
Community development - _ _ -
Community services 13,000 12,985 15 - - - 29,190 19,915 9,275
Capital outlay - - - - - - 63,280 22,994 40,286
Debt service:
Principal
Interest and fiscal charges "
Total Expenditures 13,000 12.985 15 28,430 27,502 928 92,470 42,909 49,561
Excess of Revenues over
(under)Expenditures (2,374) (2,374) (2,120) 2,120
(5,370) (20,897) (23,527)
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out
Other
Total Other Financing Sources(Uses)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) - (2,374) (2,374) (2,120) - 2,120
(5,370) (28,897) (23,527)
Adjustments:
To adjust for encumbrances 2,374 2,374 - 28,897 28,897
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ E E S (2,120) S S 2,120 S (5,370) E E 5,370
Fund Balances:
Beginning of Fiscal Year-as previously reported S - $ - E - E - E - $ - E - E - E -
Restatement
Beginning of Fiscal Year-as restated - - - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) - (2,120) 2,120 (5,370) 5,370
End of Fiscal Year $ $ - E E (2,120) L-- S 2,120 S (5,37o) § E 5,370
73
_
mom ad � vw _ CITMRA CUPAM-6NGAa go ' � Schle 6
COMBINING SCHEDULE OF REVENUES, Page 9 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
COP'S PROGRAM GRANT ADULT EDUCATION ACT GRANT GRANDPARENTS b BOOKS GRANT
Variance- Variance• Vada;;;-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes E - E - E - E - E - E - E - E - E -
Fines and forfeits
Use of money and property - 15,646 15,646 - - -
Intergovernmental - 269,782 269,782 3,690 3,682 (8) 5,000 2,462 (2,538)
Charges for services - _ -
Development fees
Other
Total Revenues 285,428 285,428 3,690 3,682 (8) 5,000 2,462 (2,538)
Expenditures:
Current:
General government
Public safety-fire protection
Engineering and public works -
Community development -
Community services 3,690 - 3,690 3,690 3,682 8 5,000 4,812 188
Capital outlay - - - - _ _
Debt service:
Principal
tnterest and fiscal charges
Total Expenditures 3,690 - 3,690 3,690 3,682 8 5,000 4,812 188
Excess of Revenues over
(under)Expenditures (3,690) 285,428 289,118 - - (2,350) (2,350)
Other Financing Sources(Uses):
Operating transfers in - - - - - -
Operating transfers out
Other
Total Other Financing Sources(Uses)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (3,690) 285,428 289,118 - - - -
(2,350) (2,350)
Adjustments:
To adjust for encumbrances - 2,350 2,350
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ (3,690) E 285,428 E 289,118 E $ E $ E E
Fund Balances:
Beginning of Fiscal Year-as previously reported E - E - E - E - E - E - E - E - E -
Restatement
Beginning of Fiscal Year-as restated - - - - - - - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (3,690) 285,428 289,118
End of Fiscal Year S (3,690) $ 285.128 E 289,118 E E E - E E E
74
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 10 of 10
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
T O T A L S-Year Ended June 30,
FIRE DISTRICT 1997 1996
Varfance• Vedanee•
Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual
Taxes E 8,836,866 E 6,962,078 E 125,212 E 13,391,436 E 14,077,707 E 686,271 E 13,794,981
Fines and forfeits 83,620 18,853 (64,767) 83,620 18,853 (64,767) 84,001
Use of money and property 354,489 381,786 27,297 719,119 1,099,656 380,537 1,147,899
Intergovernmental 1,247,520 1,242,125 (5,395) 8,021,510 6,157,250
Charges for services (1,864,252) 5,796,121
9 90,370 105,110 14,740 1,040,790 1,084,568 43,778 870,239
Development fees - - 2,483,700 3,575,197 1,111,497 2,685,361
Other 228,000 229,349 1,349 333,870 362,103 28,233 116,119
Total Revenues 8,840,865 8,939,30198,436 26,054,045 26,375,342 321,297 24,494,721
Expenditures:
Current:
General government - - - 2,362,030 2,260,626 101,404 1,634,636
Public safety-fire protection 9,213,160 9,096,377 116,783 9,213,160 9,096,377 116,783 8,951,549
Engineering and public works - - - 2,093,023 1,919,780 173,243 2,645,840
Community development - - - 5,153,123 4,566,129 586,994 3,529,439
Community services - - - 2,194,989 1,948,733 246,256 2,641,530
Capital outlay - - - 9,285,035 8,100,604 1,176,431 8,483,379
Debt service:
Principal 25,000 25,000 - 25,000 193,612 (168,612) 161,146
Interest and fiscal charges 99,062 99,062 99,062 106,699 (7,637) 10,186
Total Expenditures 9,337,222 9,220,439 116,783 30,425,422 28,200,500 2,224,862 28,057,705
Excess of Revenues over
(under)Expenditures (496,357) (281,138) 215,219 (4,371,377) (1,825,218) 2,546,159 (3,562,984)
Other Financing Sources(Uses):
Operating transfers in 650,000 455,145 (194,055) 1,323,490 1,128,635 (194,855) 1,006,881
Operating transfers out - - - (374,715)
Other 534,200 492,722 (41,478) 534,200 492,722 (41,478) 10,141
Total Other Financing Sources(Uses) 1,184,200 947,867 (236,333) 1,857,690 1,621,357
(236,333) 842,307
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 687,843 666,729 (21,114) (2,513,687) (203,861) 2,309,826 (2,920,677)
Adjustments:
To adjust for encumbrances - 876,027 676,027 4,368,846
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) E 687,843 E 666,729 E (21,114) E (2,513,687) E 672,166 E 3,185,853 E 1,448,169
Fund Balances:
Beginning of Fiscal Year-as previously reported E 4,356,511 E 4,356,511 $ - E 21,903,415 E 21,903,415 E - E 20,455,246
Restatement - - - 83,639 83,639
Beginning of Fiscal Year-as restated 4,39,511 7356511 - 21,903,415 21,987,054 83,639 20,455,246
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 687,843 666,729 (21,114) (2,513,687) 672,166 3,185,853 1,448,169
End of Fiscal Year E 5,044,354 E 5,023,240 1_&I.I 14L E 19,389,728 E 22.659,220 E 3,269,492 E 21,903,415
75
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DEBT SERVICE FUNDS
Public Improvement Corporation Fund
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
L 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.
Redevelopment Agency Fund
A This fund is established to accumulate monies for the payment of loans from the City of Rancho
Cucamonga (payable as funds become available to the Agency), and payment of specific Tax
' Allocation Bonds due in annual installments. All tax increment monies received,placed in this fund,
and used to retire debt are done so in accordance with the Health and Safety Code.
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CITY OF RANCHO CUCAMONGA Schedule 7
COMBINING BALANCE SHEET
ALL DEBT SERVICE FUNDS
JUNE 30, 1997
Public TOTALS
Improvement Redevelopment June 30,
A S S E T S Corporation Agency 1 9 9 7 1996
Cash and investments $ - $ 15,691,734 $ 15,691,734 $ 14,261,260
Cash and investments with fiscal agent 295,709 5,156,475 5,452,184 5,822,459
Receivables(net of allowance for uncollectibles):
Taxes 188,585 188,585 605,602
Due from other funds 397,859 397,859 97,859
Total Assets $ 295,709 $ 21,434,653 $ 21,730,362 $ 20,787,180
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ 1,232,148 $ 1,232,148 $ 1,169,551
Due to other funds - 15,150 15,150 97,993
Due to other governments 611 611 611
Total Liabilities 1,247,909 1,247,909 1,268,155
Fund Balances:
Reserved for encumbrances - 20,886 20,886 85,067
Unreserved:
Designated for debt service 295,709 20,165,858 20,461,567 19,433,958
Total Fund Balances 295,709 20,186,744 20,482,453 19,519,025
Total Liabilities and Fund Balances $ 295,709 $ 21,434,653 $ 21,730,362 $ 20,787,180
76
CITY OF RANCHO CUCAMONGA Schedule 8
COMBINING STATEMENT OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Public - TOTALS
Improvement Redevelopment Year Ended June 30
Revenues: Corporation Agency 1997 1998
Taxes
Use of money and property $ - $ 17,562,306 $ 17,562,306 $ 17,721,077
14,337 510,422 524,759 518,052
Expenditures:Total Revenues 14,337
18,072,728 18,087,065 18,239,129
Current:
General government
Capital Outlay _ 776,206 776,206 283,140
Debt Service: 125,911— 125,911 445,858
Principal 330,000 8,651,695
Interest and fiscal charges 8,981,695 8,452,442
, 6,602,059 �/ 6,668,262 6,787,158
Total Expenditures 66,266,2D3
Excess of Revenues over 396,203 16,155,871
16,552,074 15,968,598
(under) Expenditures (381,866) 1,916,857 1,534,991 2,270,531
Other Financing Sources (Uses):
Operating transfers in 388,824 8,331,108
Operating transfers out 8,719,932 9,108,334
(8,703,503
Miscellaneous ) (8,703,503) (11,180,810)
Total Other Financing (587,992) (587,992) (588,O
Sources(Uses) 388,824
Excess of Revenues and Other (960,387) (571,563)
(2,660,476)
Sources over(under) Expendi-
tures and Other Uses 6,958 956,470 963,428
Fund Balances: (389,945)
Beginning of Fiscal Year 288,751 19,230,274 19,519,025 19,908,970
End of Fiscal Year $ 295,709 $ 20,186,744 $ 20,482,453 $ 19,519,025
77
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CITY OF RANCHO CUCAMONGA Schedule 9_
COMBINING SCHEDULE OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
T O T A L S-Year Ended June 30,
REDEVELOPMENT AGENCY 1997 1996
Variance- Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual
Revenues:
Taxes $ 17,291,405 $ 17,562,306 $ 270,901 $ 17,291,405 $ 17,562,306 $ 270,901 $ 17,721,077
Use of money and property 510,422 510,422 510,422 510,422 501,899
Total Revenues 17,291,405 18,072,728 781,323 17,291,405 18,072,728 781,323 18,222,976
Expenditures:
Current:
General government 1,306,790 779,417 527,373 1,306,790 779,417 527,373 283,140
Capital outlay 150,000 143,586 6,414 150,000 143,586 6,414 530,925
Debt service:
Principal 18,695,860 8,651,695 10,044,165 18,695,860 8,651,695 10,044,165 8,142,442
Interest and fiscal charges 8,439,072 6,602,059 1,837,013 8,439,072 6,602,059 1,837,013 6,698,308
Total Expenditures 28,591,722 16,176,757 12,414,965 28,591,722 16,176,757 12,414,965 15,654,815
Excess of Revenues over
(under) Expenditures (11,300,317) 1,895,971 13,196,288 (11,300,317) 1,695,971 13,196,288 2,568,161
Other Financing Sources(Uses):
Operating transfers in 8,331,110 8,331,108 (2) 8,331,110 8,331,108 (2) 8,733,619
Operating transfers out (8,525,435) (8,703,503) (178,068) (8,525,435) (8,703,503) (178,068) (11,180,810)
Miscellaneous (3,273,590) (587,992) 2,685,598 (3,273,590) (587,992) 2,6851598 (588,000)
Total Other Financing
Sources(Uses) (3,467,915) (960,387) 2,507,528 (3,467,915) (960,387) 2,5071528 (3,035,191)
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Uses(Budgetary Basis) (14,768,232) 935,584 15,703,816 (14,768,232) 935,584 15,703,816 (467,030)
Adjustments:
To adjust for encumbrances 20,886 20,886 20,886 20,886 85,067
Excess fo Revenues and Other
Sources over(under)Expenditures
and Other Uses(GAAP Basis) (14,768,232) 956,470 15,724,702 (14,768,232) 956,470 15,724,702 (381,963)
Fund Balances:
Beginning of Fiscal Year 19,230,274 19,230,274 19,230,274 19,230,274 19,612,237
End of Fiscal Year $ 4,462,042 $ 20,186,744 $ 15,724,702 $ 4,462,042 $ 20,186,744 $ 15,724,702 $ 19,230,274
78
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' CAPITAL PROJECTS FUNDS
Assessment District 82-IR Fund
Established to account for the receipt and disbursement of funds used in the construction of streets,
storm drainage and utility improvements within the project area. Financing was provided by the sale
of bonds under the Refunding Act of 1984 for 1915 Improvement Act Bonds.
' Assessment District 84-1 Fund
Established to account for the receipt and disbursement of funds used in the construction and
' installation of public capital drainage facilities, together with appurtenant work and incidental
expenses,to serve and provide drainage protection to property located within Community Facilities
District No. 84-1 (Day Creek Drainage System). Financing was provided by the sale of bonds under
1 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 Improvement Bond Act of 1915.
1 Assessment District 86-2 Fund
Established to account for the receipt and disbursement of funds used in construction and acquisition
of drainage improvements together with appurtenances and appurtenant work, acquisition of real
property, if necessary, and incidental expenses within the Assessment District No. 86-2. Financing
was provided by the sale of limited obligation bonds under the Improvement Bond Act of 1915
Assessment District 89-1 Fund
Established to account for the receipt and disbursement of funds used in the construction within the
1 Assessment District 89-1.
Redevelopment Agency Fund
Established to account for financial resources to be used for acquisition or construction of major
capital facilities within the Rancho Cucamonga Redevelopment Project Area. Financing is to be
' provided by the Rancho Cucamonga Redevelopment Agency.
1
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1
CITY OF RANCHO CUCAMONGA Schedule 10
COMBINING BALANCE SHEET
ALL CAPITAL PROJECTS FUNDS
JUNE 30, 1997
TOTALS
Assessment Districts Redevelopment June 30,
A S S E T S 82-1 R 84-1 842 86-2 Agency 1 9 9 7 1996
Cash and investments $ 48,625 $ 759,123 $ 33,319 $ 333,731 $ 69,591,320 $ 70,766,118 $ 65,963,881
Investment-lend held for resale - - 8,501,294 8,501,294 10,778,871
Receivables(net of allowance for uncollectible):
Taxes - - - - 47,146 47,146 151,401
Accounts - - - 3,872 3,872 324
Interest - - 388,285 388,285 266,615
Loan - - - 12,088,223 12,088,223 9,467,500
Due from other funds - - 3,152,119 3,152,119 43,868
Deposits - - - - 430,500 430,500 532,250
Restricted Cash - - - 790,000 790,000 -
Advances to other funds 4,290,000 4,290,000 4,290,000
Total Assets $ 48,625 $ 759,123 $ 33,319 $ 333,731 $ 99,282,759 $100,457,557 $ 91,494,710
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ - $ - $ 267,282 $ 267,282 $ 41,117
Deposits - - 3,864 - - 3,864 3,864
Due to other funds 3,267,099 3,267,099 128,525
Total Liabilities 3,864 3,534,381 3,538,245 173,506
Fund Balances:
Reserved for encumbrances - - - 4,571,025 4,571,025 67,670
Reserved for advances to other funds - - - - 4,290,000 4,290,000 4,290,000
Reserved for long-term loans - - - 11,485,051 11,485,051 9,467,500
Reserved for land held for resale - - 8,501,294 8,501,294 10,778,871
Unreserved:
Designated for continuing projects - - - - 66,701,008 66,701,008 65,450,325
Designated for equipment and vehicles - - - - 200,000 200,000
Undesignated 48,625 759,123 29,455 333,731 1,170,934 1,266,638
Total Fund Balances 48,625 759,123 29,455 333,731 95,748,378 96,919,312 91,321,204
Total Liabilities and Fund Balances $ 48,625 $ 759,123 $ 33,319 $ 333,731 $ 99,282,759 $ 100,457,557 $ 91,494,710
79
CITY OF RANCHO CUCAMONGA Schedule 11
COMBINING STATEMENT OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
TOTALS
Assessment Districts Redevelopment Year Ended June 30,
Revenues:
82-1 R 84-1 84-2 86-2 Agency 1997 1996
Taxes $ - $ $ $ - $ 5,215,670 $ 5,215,670 $ 4,917,269
Use of money and property 5,118 63,937 1,984 19,876 4,838,612 4,929,527 4,512,235
Total Revenues 5,118 63,937 1,984 19,876 10,054,282 10,145,197 9,429,504
Expenditures:
Current:
General governement - - - 3,855,740 3,855,740 1,893,235
Engineering and public works 184,049 - 2,570 - 186,619 28,752
Public safety - - - 5,161,220 5,161,220 -
Capital outlay - - - - 9,479,676 9,479,676 26,589,859
Debt service:
Principal - - - 25,778,705 25,778,705 718,239
Interest and fiscal charges 3,359,230 3,359,230 3,210,073
Total Expenditures 184,049 2,570 47,634,571 47,821,190 32,440,158
Excess of Revenues over
(under) Expenditures (178,931) 63,937 1,984 17,306 (37,580,289) (37,675,993) (23,010,654)
Other Financing Sources(Uses):
Operating transfers In - - - 7,562,35 7,562,485 3,105,408
Operating transfers out - - - -
Debt proceeds - - - 3,79,415 ) 3,7995 0
,41 27,117,351)
Miscellaneous (928,009) (928,009) 527,078
Total Other Financing
Sources(Uses) 43,213,801 43,213,801 29,595,457
Excess of Revenues and Other
Sources over(under)Expendi-
tures and Other Uses $ (178,931) $ 63,937 $ 1,984 $ 17,306 $ 5,633,512 $ 5,537,808 $ 6,584,803
Fund Balances:
Beginning of Fiscal Year $ 227,556 $ 695,186 $ 27,471 $ 316,425 $ 90,054,566 $ 91,321,204 $ 84,736,401
Restatements 60,300 60,300
Beginning of Fiscal Year-as restated 227,556 695,186 27,471 316,425 90,114,866 91,381,504 84,736,401
Excess of Revenues over
(under)Expenditures (178,931) 63,937 1,984 17,306 5,633,512 5,537,808 6,584,803
End of Fiscal Year(Schedule 10) $ 48,625 $ 759,123 $ 29,455 $ 3331731 $ 95,748,378 $ 96,919,312 $ 91,321,204
80
_ :- M
CITY OF RANCHO CUCAMONGA Schedule 12
Page 1 of 3
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
ASSESSMENT DISTRICT 92-1 R ASSESSMENT DISTRICT 84-1 ASSESSMENT DISTRICT 94.2
Variance- Variance- Variance-
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ - $ - $ $ $ - a - s - a a
Use of money and property- 6,520 5,118 (1,402) 45,000 63,937 18,937 1,540 1,984 444
Total Revenues 6,520 5,118 (1,402) 45,000 63,937 18,937 1,540 1,984 444
Expenditures:
Current:
General government - - - - - - - -
Engineering and public works 233,730 184,049 49,681 - - - - -
Public safety - - - - - - - -
Capital outlay - - - - - - - -
Debt service:
Principal - - - - - - - - -
Interest and fiscal charges - - -
Total Expenditures 233,730 184,049 49,681 - -
Excess of Revenues over
(under)Expenditures (227,210) (178,931) 48,279 45,000 63,937 18,937 1,540 1,984 444
Other Financing Sources(Uses):
Operating transfers in - - - - - - - -
Operating transfers out - - - - - - - -
Debt proceeds - - - - - - - -
Miscellaneous
Total Other Financing
Sources(Uses) - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (227,210) (178,931) 48,279 45,000 63,937 18,937 1,540 1,984 444
Adjustments:
To adjust for encumbrances - - - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP basis) S (227,210) S (178,931) $ 48,279 $ 45,000 $ 63,937 $ 18,937 $ 1,540 $ 1,984 $ 444
Fund Balances:
Beginning of Fiscal Year $ 227,556 S 227,556 4 - $ 695,186 $ 695,186 $ - $ 27,471 $ 27,471 $ -
Restatements - - - -
Beginning of Fiscal Year-as restated 227,556 227,556 695,188 695,186 - 27,471 27,471
End of Fiscal Year $ 346 S 48,625 S 48,279 $ 740,186 $ 759,123 $ 18,937 $ 29,011 S 29,455 $ 444
81
CITY OF RANCHO CUCAMONGA Schedule 12
COMBINING SCHEDULE OF REVENUES, Page 2 013
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
ASSESSMENT DISTRICT 86-2 REDEVELOPMENT AGENCY
Variance- Variance-
Favorable Favorable
Revenues:
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
-
Taxes § - E § § 8,456,020 S 5,215,670 E (3,240,350)
Use of money and property 15,430 19,876 4,446 - 4,838,612 4,838,612
Total Revenues 15,430 19,876 4,446 8,456,020 10,054,282 1,598,262
Expenditures:
Current:
General government _ _
Engineeringand public works 1,518,950 3,923,188 (2,404,238)
P 259,570 2,570 257,000 _
Public safely 2,307,577 5,161,220
Capital outlay 13,444,019 13,983,253 (2,853,843)
Debt service: (539,234)
Principal - - - 30,784,562 25,778,705 5,005,857
Interest and fiscal charges - 2,715,339 3,359,230 (643,891)
Total Expenditures 259,570 2,570 257,000 50,770,447 52,205,596 (1,435,149)
Excess of Revenues over
(under)Expenditures (244,140) 17,306 261,446 (42,314,427) (42,151,314) 163,113
Other Financing Sources(Uses):
Operating transfers in - - - 6,478,845 7,562,485 1,083,640
Operating transfers out - - (7190990) (7190090) 900
Debt proceeds - - - 41,713,905 43,769,415 2,055,510
Miscellaneous - (2,963,993) (928,009) 2,035,984
Total Other Financing
Sources(Uses) - 38,037,76743,213,801 5,176,034
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (244,140) 17,306 261,446 (4,276,660) 1,062,487 5,339,147
Adjustments:
To adjust for encumbrances 4,571,025 4,571,025
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP basis) E (244,140) E 17,306 § 261,446 E (4,276,660) § 5,633,512 E 9,910,172
Fund Balances:
Beginning of Fiscal Year E 316,425 E 316,425 E - E 90,054,566 E 90,054,568 S
Restatements - - 60,300 60.300
Beginning of Fiscal Year-as restated 316,425 316,425 90,054,566 90114 866 60,300
End of Fiscal Year § 72,285 E 333,731 § 261,446 § 85,777,906 E 95,748,378 E 9,970,472
82
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CITY OF RANCHO CUCAMONGA Schedule 12
Page 3 of 3
COMBINING SCHEDULE OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
T O T A L S-Year Ended June 30,
1997 1996
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Revenues:
Taxes $ 8,456,020 $ 5,215,670 $ (3,240,350) $ 4,917,269
Use of money and property 68,490 4,929,527 4,061,037 4,512,235
Total Revenues 8,524,510 10,145,197 1,620,687 9,429,504
Expenditures:
Current:
General government 1,518,950 3,923,188 (2,404,238) 1,837,530
Engineering and public works 493,300 186,619 306,681 28,752
Public safety 2,307,577 5,161,220 (2,853,643) 55,705
Capital outlay 13,444,019 13,903,253 (539,234) 26.657,729
Debt service:
Principal 30,784,562 25,778,705 5,005,857 718,239
Interest and fiscal charges 2,715,339 3,359,230 (643,891) 3,210,073
Total Expenditures 51,263,747 52,392,215 (1,128,468) 32,508,028
Excess of Revenues over
(under)Expenditures (42,739,237) (42,247,018) 492,219 (23,078,524)
Other Financing Sources(Uses):
Operating transfers in 6,478.845 7,562,485 1,083,640 3,105,408
Operating transfers out (7.190,990) (7,190,090) 900 (1.154.380)
Debt proceeds 41,713,905 43,769,415 2,055,510 27,117,351
Miscellaneous (2,963,993) (928,009) 2,035,984 527,078
Total Other Financing
Sources(Uses) 38,037,767 43,213,801 5,176,034 29.595,457
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (4,701,470) 966,783 5,668,253 6,516,933
Adjustments:
To adjust for encumbrances 4,571,025 4,571,025 67,870
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP basis) $ (4,701,470) S 5,537,808 S 10,239,278 $ 6,584,803
Fund Balances:
Beginning of Fiscal Year $ 91,321,204 $ 91,321,204 S - $ 84,736,401
Restatements - 60,300 60,300 -
Beginning of Fiscal Year-as restated 91,321,204 91,381,504 60,300 1,234,222
End of Fiscal Year S 86,619,734 $ 96,919,312 S 10,299,578 $ 91,321,204
83
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CITY OF RANCHO CUCAMONGA Schedule 13
COMBINED BALANCE SHEET
INTERNAL SERVICE FUNDS
JUNE 30, 1997
Data Processing TOTALS
Vehicle Equip./Technology June 30,
A S S E T S Replacement Replacement 1997 1996
Cash and investments $ 9,816,343 $ 3,750,000 $ 13,566,343 $ 7,185,599
Fixed assets-net book value 1,216,168 1,216,168 528,828
Total Assets $ 11,032,511 $ 3,750,000 $ 14,782,511 $ 7,714,427
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable $ 329,141 $ $ 329,141 $ 149,159
Total Liabilities 329,141 329,141 149,159
Fund Equity:
Contributed capital - 3,750,000 3,750,000 -
Reteined earnings:
Reserved for vehicle replacement 10,703,370 10,703,370 7,565,268
Unreserved
Total Fund Equity 10,703,370 3,750,000 14,453,370 7,565,268
Total Liabilities and Fund Equity $ 11,032,511 $ 3,750,000 $ 14,782,511 $ 7,714,427
84
CITY OF RANCHO CUCAMONGA Schedule 14
COMBINING STATEMENT OF REVENUES,EXPENSES AND
CHANGES IN RETAINED EARNINGS
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Data Processing TOTALS
Vehicle Equip./Technology Year ended June 30
Operating Revenues: Replacement Replacement 1 9 9 7 1996
Charges for services $ 194,530
Charges for services $ $ 194,530 $ 326,620
Total Operating Revenues 194,530 194,530 326,620
Operating Expenses:
Vehicle and equipment maintenance 921,194 - 921,194 5,413
Depreciation 129,714
129,714 70,471
Total Operating Expenses 1,050,908 1,050,908 75.884
Operating Income(Loss) (856,378) (856,378) 250,736
Nonoperating Revenues:
Interest income 506,805 506,805 413,833
Total Nonoperating Revenues 506,805 506,605 413,833
Net Income(Loss)Before Operating Transfers (349,573) (349,573) 664,569
Operating transfers In 2,670,621 2,670,621
Net Income(Loss) $ 2,321,048 $ $ 2,321,048 $ 664,569
Retained Earnings:
Beginning of Fiscal Year•as previously reported $ 7,565,268 $ - $ 7,565,268 $ 6,400,699
Restatement for increase in fixed assets valuation 817,054 817,054
Beginning of Fiscal Year-as restated 8,382,322 - 8,382,322 6,400,699
Net Income 2,321,048 2,321,048 664,569
End of Fiscal Year $10,703,370 $ $ 10,703,370 $ 7,065,268
85
CITY OF RANCHO CUCAMONGA Schedule 15
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Data processing TOTALS
Vehicle Equip./Technology Year ended June 30,
Replacement Replacement 1997 1 9 9 6
Cash Flows from Operating Activitles:
Operating Income $ (856,378) $ $ (856,378) $ 250,736
Adjustment to reconcile Operating Income to Net Cash:
Depreciation 129,714 - 129,714 70,471
Adjustment to beginning retained earnings 817,054 - 817,054 -
Changes in Assets and Liabilities:
(Increase)decrease in due from other funds - - - 15,000
Increase(decrease) in accounts payable 179,982 179,982 149,159
Total Adjustments 1,126,750 1,126,750 234,630
Net Cash Provided(Used)by Operating Activities 270,372 270,372 485,366
Cash Flows from Noncapltal Financing Activities:
Operating transfers in 2,670,621 - 2,670,621 500,000
Contirbuted capital 3,750,000 3,750,000
Net Cash Provided(Used) by Noncaphal
Financing Activities 2,670,621 3,750,000 6,420,621 500,000
Cash Flows from Capital and Related Financing Activities:
Acquisition of fixed assets (817,054) (817,054) (295,718)
Net Cash Provided(Used)by Capital and
Related Financing Activities (817,054) (817,054) (295,718)
Cash Flows from Investing Activities:
Interest on investments 506,805 506,805 413,833
Net Cash Provided(Used) by Investing Activities 506,805 506,805 413,833
Net increase(Decrease) in Cash and Investments 2,630,744 3,750,000 6,380,744 1,103,481
Cash and Investments at Beginning of Year 7,185,599 7,185,599 6,082,118
Cash and Investments at End of Year $ 9,816,343 $ 3,750,000 $ 13,566,343 $ 7,185,599
SCHEDULE OF NONCASH TRANSACTIONS
There were no non-cash transactions during the fiscal year.
86
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AGENCY FUNDS
Special Deposits Fund
Established to account for all deposits held by the City in its fiduciary capacity.
' Deferred Compensation Fund
Established to account for employee-deferred earnings restricted to be paid at a later date to said
' employee upon termination or retirement from the City of Rancho Cucamonga.
Assessment District 82-1R Fund
' Established to account for assessments received under the Refunding Act of 1984 for 1915
' Improvement Act Bonds. Assessments received are restricted for payment of principal, interest,and
penalties thereon, upon presentation of proper coupons.
Community Facilities District 84-111 Fund
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.
' 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-PDR 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 No. 88-2 Fund ,
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. ,
Assessment District 89-1 Fund
Established to account for assessment 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. 93-3 Fund
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.
1
CITY OF RANCHO CUCAMONGA Schedule 16
Pagel of 2
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 1997
Assessment Assessment Assessment Assessment Assessment Assessment Assessment
Special Deferred District District District District District District District
A S S E T S Deposits Compensallon 82-1 R 84.1 84-2 86-2 85-PD 88-2 89.1
Cash and investments $ - $ - $ 1,719,513 $ 932,040 $ 314,090 $ 574,434 $ 2,450,939 $ 3,167,319 $ 1,058,092
Cash and Investments with trustee - 5,422,471 - - - - - -
Restricted cash 7,663,968 - _ - _
Receivables(net of allowance
for uncollectibles):
Accounts 20,365, - - - - 8,034 - -
Interest - _ _ _ _ - 16,851
Taxes 8,759 3,406 20,378 45,367 1,665
Total Assets $ 7,684,333 $ 5,422,471 $ 1,719,513 $ 940,799 $ 317,496 $ 594,812 $ 2,504,340 $ 3,166,984 $ 1,074,943
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 67,810 $ - $ - $ - $ $ - $ 97,335 $ $ 3,000
Accrued payroll payable - - - - - - 5,651 - -
Deposits 7,614,669
Due to Redevelopment Agency 1,854
Deferred compensation payable - 5,422,471
Bond indenture reserve requirements - - 476,900 - 171,679 205,934 125,000 - 478,067
Payable to trustee 1,242,613 940,799 145,817 388,878 2,276,354 3,168,984 593,676
Total Liabilities $ 7,684,333 $ 5,422,471 $ 1,719,513 $ 940,799 $ 317,496 $ 594,812 $ 2,504,340 $ 3,168,984 $ 1,074,943
87
CITY OF RANCHO CUCAMONGA Schedule 16
COMBINING BALANCE SHEET Page 2 of 2
ALL AGENCY FUNDS
JUNE 30, 1997
Assessment Assessment TOTALS
District District June 30,
A S S E T S 91-2 93.3 1997 1996
Cash and investments $ 25,787 $ 355,399 $ 10,597,613 $ 10,177,064
Cash and investments with trustee - - 5,422,471 4,541,108
Restricted cash - - 7,663,968 7,421,981
Receivables(net of allowance
for uncollectibles):
Accounts - - 28,399 28,865
Interest - 16,851 22,595
Taxes 324 79,899 47,216
Total Assets $ 26,111 $ 355,399 $ 23,809,201 $ 22,238,829
LIABILITIES AND FUND BALANCES
Llabillties:
Accounts payable $ - $ - $ 168,145 $ 66,626
Accrued payroll payable - - 5,651 4,923
Deposits - 7,614,669 7,410,037
Due to Redevelopment Agency - 1,854
Deferred compensation payable - - 5,422,471 4,541,108
Bond Indenture reserve requirements - - 1,457,580 1,457,580
Payable to trustee 26,111 355,399 9,138,831 8,758,555
Total Liabilities $ 26,111 $ 355,399 $ 23,809,201 $ 22,238,829
88
CITY OF RANCHO CUCAMONGA Schedule 17
Page 1 of 4
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1997
Balance Balance
July 1,1996 Additions Deletions June 30,1997
SPECIAL DEPOSITS
Assets:
Restricted cash $ 7,421,981 $ 1,080,371 $ 838,384 $ 7,663,968
Accounts receivable 20,356 20,365 20,356 20,365
Total Assets $ 7,442,337 $ 1,100,736 $ 858,740 $ 7,684,333
Liabilities:
Accounts payable $ 32,300 $ 67,810 $ 32,300 $ 67,810
Deposits 7,410,037 1,032,926 826,440 7,616,523
Total Liabilities $ 7,442,337 $ 1,100,736 $ 858,740 $ 7,684,333
DEFERRED COMPENSATION
Assets:
Cash and investments $ 4,541,108 $ 1,286,646 $ 405,283 $ 5,422,471
Liabilities:
Deterred compensation payable $ 4,541,108 $ 1,286,646 $ 405,283 $ 5,422,471
ASSESSMENT DISTRICT 82-1 R
Assets:
Cash and investments $ 2,159,543 $ 147,315 $ 587,345 $ 1,719,513
Taxes receivable 2,796 2,796
Total Assets $ 2,162,339 $ 147,315 $ 590,141 $ 1,719,513
Liabilities:
Bond indenture reserve requirement $ 476,900 $ $ - $ 476,900
Payable to trustee 1,685,439 147,315 590,141 1,242,613
Total Liabilities $ 2,162,339 $ 147,315 $ 590,141 $ 1,719,513
ASSESSMENT DISTRICT 84-1
Assets:
Cash and Investments $ 758,963 $ 1,937,963 $ 1,764,886 $ 932,040
Taxes receivable 4,065 8,759 4,065 8,759
Total Assets $ 763,028 $ 1,946,722 $ 1,768,951 $ 940,799
Liabilities:
Payable to trustee $ 763,028 $ 1,946,722 $ 1,768,951 $ 940,799
Total Liabilities $ 763,028 $ 1,946,722 $ 1,768,951 $ 940,799
89
CITY OF RANCHO CUCAMONGA Schedule 17
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 2 of 4
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Balance Balance
July 1,1996 Additions Deletions June 30,1997
ASSESSMENT DISTRICT 84-2
Assets:
Cash and investments $ 335,116 $ 200,411 $ 221,437 $ 314,090
Taxes receivable 531 3,406 531 3,406
Total Assets $ 335,647 $ 203,817 $ 221,968 $ 317,496
Liabilities:
Bond indenture reserve requirements $ 171,679 $ - $ $ 171,679
Payable to trustee 163,968 203,817 221,968 145,817
Total Liabilities $ 335,647 $ 203,817 $ 221,968 $ 317,496
ASSESSMENT DISTRICT 86-2
Assets:
Cash and investments $ 534,683 $ 227,068 $ 187,317 $ 574,434
Taxes receivable 2,221 20,378 2,221 20,378
Total Assets $ 536,904 $ 247,446 $ 189,538 $ 594,812
Liabilities:
Bond indenture reserve requirements $ 205,934 $ $ - $ 205,934
Payable to trustee 330,970 247,446 189,538 388,878
Total Liabilities $ 536,904 $ 247,446 $ 189,538 $ 594,812
ASSESSMENT DISTRICT 85-PD
Assets:
Cash and investments $ 2,132,268 $ 1,990,792 $ 1,672,121 $ 2,450,939
Accounts receivable 8,509 8,034 8,509 8,034
Taxes receivable 36,544 45,367 36,544 45,367
Total Assets $ 2,177,321 $ 2,044,193 $ 1,717,174 $ 2,504,340
Liabilities:
Accounts payable $ 34,326 $ 97,335 $ 34,326 $ 97,335
Accrued payroll payable 4,923 5,651 4,923 5,651
Bond indenture reserve requirement 125,000 - - 125,000
Payable to trustee 2,013,072 1,941,207 1,677,925 2,276,354
Total Liabilities $ 2,177,321 $ 2,044,193 $ 1,717,174 $ 2,504,340
90
CITY OF RANCHO CUCAMONGA Schedule 17
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 3 0}4
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Balance Balance
ASSESSMENT DISTRICT 88-2 July 1,1996 Additions Deletions June 30,1997
Assets:
Cash and investments $ 2,860,250 $ 620,826 $ 313,757 $ 3,167,319
Interest receivable 6,919 - 6,919 -
Taxes receivable 1,059 1,665 1,059 1,665
Total Assets $ 2,868,228 $ 622,491 $ 321,735 $ 3,168,984
Liabilities:
Payable to trustee $ 2,868,228 $ 622,491 $ 321,735 $ 3,168,984
$ 2,868,228 $ 622,491 $ 321,735 $ 3,168,984
ASSESSMENT DISTRICT 89-1
Assets:
Cash and investments $ 1,066,702 $ 598,993 $ 607,603 $ 1,058,092
Interest receivable 15,676 16,651 15,676 16,851
Total Assets $ 1,082,378 $ 615,844 $ 623,279 $ 1,074,943
Liabilities:
Accounts payable $ - $ 3,000 $ - $ 3,000
Bond indenture reserve requirement 478,067 - - 478,067
Payable to trustee 604,311 495,316 505,751 593,876 -
Total Liabilities $ 1,082,378 $ 498,316 $ 505,751 $ 1,074,943
ASSESSMENT DISTRICT 91-2
Assets:
Cash and investments $ - $ 36,547 $ 10,760 $ 25,787
Taxes receivable 324 324
Total Assets $ $ 36,871 $ 10,760 $ 26,111
Liabilities:
Payable to trustee 28,931 2,820 26,111
Total Liabilities $ $ 28,931 $ 2,820 $ 26,111
91
CITY OF RANCHO CUCAMONGA Schedule 17
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 4 of 4
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Balance Balance
ASSESSMENT DISTRICT 93-3 July 1,1996 Additions Deletions June 30,1997
Assets:
Cash and investments $ 329,539 $ 445,027 $ 419,167 $ 355,399
Liabilities: Total Assets $ 329,539 $ 445,027 $ 419,167 $ 355,399
Bond indenture reserve requirement $ - $ $ $
Payable to trustee 329,539 445,027 419,167 355,399
Total Liabilities $ 329,539 $ 445,027 $ 419,167 $ 355,399
TOTALS-ALL AGENCY FUNDS
Assets:
Cash and investments $ 14,718,172 $ 7,491,588 $ 6,189,676 $ 16,020,084
Restricted cash 7,421,981 1 080 371 &38,384 7,663,968
Accounts receivable 28,865 28,399 28,865 28,399
Interest receivable 22,595 16,851 22,595 16,851
Taxes receivable 47,216 79,899 47,216 79,899
Total Assets $ 22,238,829 $ 8,697,108 L_7,126,736 $ 23,809,201
Liabilities:
Accounts payable $ 66,626 $ 168,145 $ 66,626 $ 168,145
Accrued payroll payable 4,923 5,651 4,923 5,651
Deposits 7,410,037 1,032,926 826,440 7,616,523
Deferred compensation payable 4,541,108 1,286,646 405,283 5,422,471
Bond indenture reserve requirements 1,945,418 - 1,945,418
Payable to trustee 8,270,717 6,078,272 5,697,996 8,650,993
Total Liabilities $ 22,238,829 $ 8,571,640 $ 7,001,268 $ 23,809,201
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CITY OF RANCHO CUCAMONGA Schedule 18
SCHEDULE OF GENERAL FIXED ASSETS-BY SOURCES
JUNE 30, 1997
TOTALS
1997 1996
General Fixed Assets:
Land $ 35,315,539 $ 35,315,539
Building improvements 56,424,691 54,948,871
Improvements other than buildings 55,711 55,711
Equipment and vehicles 15,308,556 14,389,335
Furniture and fixtures 3,413,887 3,368,576
Construction in progress 3,544,038 3,544,038
Total General Fixed Assets $114,062,622 $ 111,622,070
Investment in General Fixed Assets
Purchased priorto 7/1/95-unclassified $ 64,444,358 $ 64,444,358
General Fund revenues 1,513,680 840,001
Special Revenue Fund revenues 1,573,766 674,195
Capital Project Fund 41,986,894 41,484,713
Fire District 3,988,234 3,886,141
Federal grants 158,408 4,769
State grants 328,543 268,600
Asset Seizure Funds:State/Federal 68,739 19,293
Investment in General Fixed Assets $114,062,622 $ 111,622,070
Note:Information is not available on the funding sources for fixed assets acquired prior to July 1,1995
93
CITY OF RANCHO CUCAMONGA Schedule 19
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
JUNE 30, 1997
Improvements Equipment Furniture
Building other than and and
Function and Activity Land Improvements Buildings Vehicles Fixtures Total
General Government:
City manager $ $ - $ - $ 19,551 $ 619 $ 20,170
Personnel - - 7,601 2,214 9,815
City clerk - - - 130,504 9,098 139,602
Administrative services 106,000 5,861,243 - 362,715 7,999 6,337,957
Planning - 152,537
Building and safety - 175,990 5,987 334,514
- 151,219 4,266 155,485
General city facilities 2,396,152 18,930,714 - 1,037,083 110,328 22,474,277
Assessment administration 80,879 - 776,343 5,608 862,830
Total 2,502,152 25,025,373 2,661,006 146,119 30,334,650
Public Safety
534,997 37,381 572,378
Engineering and Public Works 460,972 1,472,787 3,533,130 11,273 5,478,162
Community Services 22,137,440 8,310,796 227,526 294,800 30,970,562
Community Redevelopment 10,199,463 20,692,114 55,711 5,302,906 2,924,314 39,174,508
Fire Protection 15,512 923,821 3,048,991 3,988,324
Total General Fixed Assets
Allocated to Function $ 35,315,539 $ 56,424,891 $ 55,711 $ 15,308,556 $ 3,413,887 110,518,584
Construction In Progress 3,544,038
Total
$ 114,062,622
94
CITY OF RANCHO CUCAMONGA Schedule 20
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
Restated
Balance Balance Balance
Function and ActivityJuly 1,1996 Restatements July 1,1996 Additions Deletions June 30,1997
General Government:
City Manager $ 20,170 $ - $ 20,170 $ - $ - $ 20,170
Personnel 9,520 - 9,520 295 9,815
City Clerk 124,722 - 124,722 14,880 - 139,602
Admininstrative Services 6,266,488 6,266,488 71,469 - 6,337,957
Planning 181,977 181,977 152,537 334,514
Building and Safety 149,776 - 149,776 5,709 - 155,485
General City Facilities 22,351,723 - 22,351,723 122,554 22,474,277
Assessment Administration 576,681 576,681 286,149 862,830
Total General Government 29,681,057 - 29,681,057 653,593 - 30,334,650
Public Safety 456,452 456,452 115,926 572,378
Engineering and Public Works 4,721,673 4,721,673 756,489 5,478,162
Community Services 30,660,292 30,660,292 310,270 30,970,562
Community Redevelopment 38,672,417 356,737 39,029,154 502,091 39,174,508
Fire protection 3,886,141 3,886,141 166,168 63,985 3,988,324
Total General Fixed Assets 108,078,032 356,737 108,434,769 2,504,537 63,985 110,518,584
Allocated to Functions
Construction In Progress 3,544,038 (356,737) 3,187,301 356,737 356,737 3,544,038
Total $111,622,070 $ $111,622,070 $ 2,861,274 $ 420,722 $114,062,622
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STATISTICAL SECTION
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EXHIBIT I
CITY OF RANCHO CUCAMONGA
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION(1)
Last Ten Fiscal Years
Fiscal General Public Engineering Community Community Public Safety Debt Capital
Year Government Safety Public Works Development Services Fire Protection Service Outlay Total
1987-88 5,496,299 6,855,023 3,988,871 (3) 5,609,291 1,473,798 - 8,545,419 29,425,814 61,394,934
1988-89 (2) 8,531,326 6,117,980 7,769,525 3,717,641 1,228,413 4,763,673 14,566,918 30,394,512 77,089,988
1989-90 11,890,911 6,933,276 7,329,039 6,882,083 1,436,387 5,306,337 60,497,913 28,608,963 128,884,909
1990-91 15,881,940 7,311,306 8,523,472 4,607,309 2,808,115 7,002,548 17,863,697 30,825,105 94,823,492
1991-92 _ 10,973,782 7,401,199 12,556,739 6,903,264 2,322,517 7,462,224 21,407,802 22,177,981 91,205,508
1992-93 12,944,510 7,615,332 7,789,364 6,159,850 1,702,270 7,839,084 15,203,408 24,188,791 83,442,609
1993-94 14,115,388 8,335,701 8,091,353 6,492,001 1,762,601 8,309,526 15,874,075 15,216,092 78,196,737
1994-95 12,374,623 9,053,236 9,076,883 7,165,128 2,700,897 9,080,935 14,117,871 26,231,344 89,800,917
1995-96 8,700,927 9,417,013 8,980,967 6,488,858 3,725,252 8,951,549 19,632,773 31,168,055 97,065,394
1996-97 12,246,831 15,444,149 8,592,843 7,438,880 3,010,203 9,096,377 45,208,420 16,977,819 118,015,522
(1)Includes all governmental fund types-General, Special Revenue, Debt Service and Capital Projects
(2) The data presented represents all City activities for which the City Council has oversight responsibilities with the exception of the Rancho
Cucamonga Fire District which became a component unit July 1, 1989, and for which only 1988-89 and the subsequent year's data was available.
(3) Expenditures for the fiscal year 1987-88 and prior are functionally classified as presented in the financial statements for those years. Expenditures for
fiscal year 1987-88 and later are classified differently to show more details as presented in the financial statements.
Source: Annual Audit Report
96
EXHIBIT 2
CITY OF RANCHO CUCAMONGA
GENERAL GOVERNMENT REVENUE BY SOURCE
Last Ten Fiscal Years
Fiscal Taxes & Licenses & Inter- Charges for Use of Money Fines & Development
Year Assessments Permits governmental Services and Property Forfeitures Fees Other Total
1987-88 21,503,933 2,548,542 5,336,914 3,656,466 5,845,097 256,861 9,245,745 4,210,878 52,604,436
1988-89 27,187,188 2,902,943 8,453,551 4,601,110 8,593,643 264,831 8,828,353 2,413,640 63,245,259
1989-90 33,133,576 1,996,471 10,697,053 4,234,198 8,974,131 308,389 3,922,496 520,326 63,786,640
1990-91 42,126,174 1,628,195 8,293,751 2,197,625 11,237,248 251,271 3,303,543 6,315,718 75,353,525
1991-92 44,534,803 1,357,877 10,087,260 2,292,045 9,214,401 226,686 3,604,792 8,033,974 79,351,838
1992-93 48,385,478 1,455,537 11,041,157 2,066,010 6,899,587 391,130 2,016,608 7,434,652 79,690,159
1993-94 56,651,916 1,586,247 9,629,421 2,067,524 4,883,780 384,110 3,617,971 4,177,113 82,998,082
1994-95 53,359,823 1,613,580 13,662,447 2,123,670 6,847,563 415,196 2,797,661 3,478,201 84,298,141
1995-96 57,537,967 1,593,576 11,179,404 2,745,991 8,472,995 291,189 2,713,750 2,718,267 87,253,139
1996-97 58,717,945 1,795,225 11,596,410 2,976,083 8,965,747 225,728 3,604,000 3,370,338 91,251,476
(1) Includes all governmental fund types-General, Special Revenue, Debt Service and Capital Projects Funds.
(2) The data presented above represents all City activities for which the City Council has oversight responsibilities.
Source: Annual Audit Report
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EXHIBIT 3
CITY OF RANCHO CUCAMONGA
ASSESSED VALUATION OF ALL CITY PROPERTY
Last Ten Fiscal Years
Fiscal Secured Public Total Unsecured Full Cash Homeowners Net Taxable
Year Property Utility Secured Property Total Value Exemption Value
1987-88 3,276,453,488 311,545,190 3,587,998,678 175,043,138 3,763,041,816 3,763,041,816 102,509,009 3,660,532,807
1988-89 3,842,089,811 6,603,300 3,848,693,111 212,624,063 4,061,317,174 4,061,317,174 113,470,203 3,947,846,971
1989-90 4,663,645,245 6,744,546 4,670,389,791 251,517,317 4,921,907,108 4,921,907,108 119,705,841 4,802,201,267
1990-91 5,577,509,385 15,093,655 5,592,603,040 303,321,685 5,895,924,725 5,895,924,725 125,618,428 5,770,306,297
1991-92 6,179,613,149 145,432,065 6,325,045,214 340,718,049 6,665,763,263 6,534,863,263 129,211,480 6,405,651,783
1992-93 6,484,960,928 14,386,749 6,499,347,677 367,738,678 6,867,086,355 6,867,086,355 137,890,350 6,729,196,005
1993-94 6,632,696,532 13,427,461 6,646,123,993 427,437,186 7,073,561,179 7,073,561,179 135,308,108 6,938,253,071
1994-95 6,307,539,741 10,342,631 6,317,882,372 400,383,268 6,718,265,640 6,718,265,640 136,491,999 6,581,773,641
1995-96 6,283,443,239 10,381,440 6,293,824,679 447,181,856 6,741,006,535 6,741,006,535 139,734,804 6,601,271,731
1996-97 6,341,840,800 9,202,780 6,351,043,580 547,386,007 6,898,429,587 6,898,429,587 138,742,488 6,759,687,099
Note: Assessed valuation is based on 100 percent of full market value.
New report format for the county of San Bernardino precludes property exemptions category.
Source: County of San Bernardino Auditor-Controller
98
EXHIBIT 4
CITY OF RANCHO CUCAMONGA
PROPERTY TAX LEVIES AND COLLECTIONS
Fiscal Total Tax Total Tax Percent of Levy
Year Levy Collection Collected
1987-88 1,280,269 1,383,181 108
1988-89 1,333,498 1,399,699 105
1989-90 1,944,806 2,052,267 106
1990-91 2,282,179 2,446,699 107
1991-92 2,640,644 2,634,740 99
1992-93 2,404,766 2,395,951 99
1993-94 1,779,421 1,860,297 105
1994-95 2,365,012 1,727,482 73
1995-96 2,347,820 1,772,721 76
1996-97 2,356,069 1,655,554 70
Note: The County of San Bernardino does not provide sufficient information to determine what portion of total collections represent
delinquent taxes and interest and penalties on those delinquencies.
Source: Finance Department, County of San Bernardino - Auditor Controller
EXHIBIT 5
CITY OF RANCHO CUCAMONGA
DIRECT AND OVERLAPPING PROPERTY TAX RATE
J
Last Ten Fiscal Years
Chino Basin City of Rancho
Fiscal Schools County Cucamonga Metropolitan Municipal WD Cucamonga Total
Year Tax Rate Tax Rate County W.D. Water Dist. Tax Rate Tax Rate Tax Rate
1987-88 0.0471 1.000 0.0145 0.0164 0.0066 0.0493 1.1339
1988-89 0.0407 1.000 0.0141 0.0110 0.0046 0.0493 1.1197
1989-90 0.0435 1.000 0.0164 0.0121 0.0038 0.0493 1.1251
1990-91 0.0566 1.000 0.0156 0.0097 0.0033 0.0493 1.1345
1991-92 0.0454 1.000 0.0168 0.0089 0.0030 0.0493 1.1234
1992-93 0.0352 1.000 0.0168 0.0089 0.0028 0.0403 1.1040
1993-94 0.0404 1.000 0.0215 0.0089 0.0024 0.0283 1.1015
1994-95 0.0340 1.000 0.0219 0.0089 0.0024 0.0389 1.1061
1995-96 0.0471 1.000 0.0098 0.0089 0.0000 0.0383 1.1041
1996-97 0.0416 1.000 0.0115 0.0089 0.0000 0.0383 1.1003
Assessed valuation of property is stated at 100% of market value.
Source: County of San Bernardino Auditor-Controller
100
EXHIBIT 6
CITY OF RANCHO CUCAMONGA
SPECIAL ASSESSMENT COLLECTIONS
Ratios of Total Outstanding
Fiscal Current & Prior Assessments Collections to Current and
Year Assessments Due Collected Amount Due Delinquent Assmts
1987-88 3,575,299 3,451,700 96.54 123,599
1988-89 3,304,823 3,216,001 97.31 88,822
1989-90 3,619,774 3,599,088 99.43 20,686
1990-91 3,565,936 3,520,912 98.74 45,024
1991-92 4,341,957 4,270,529 98.35 71,428
1992-93 4,293,316 4,237,963 98.71 55,353
1993-94 5,983,111 5,881,485 98.30 101,626
1994-95 5,938,191 5,884,908 99.10 53,283
1995-96 5,301,182 5,253,966 99.11 47,216
1996-97 5,718,659 5,638,760 98.60 79,899
Source: Finance Division, Resource Center
CITY OF RANCHO CUCAMONGA
Special Assessment Collections
Assmts. Total
Collected Assessments
98.6% Assmts. $5,718,659
Outstanding
1.4%
FISCAL YEAR 1996/97 r ]
102
EXHIBIT 7
✓ CITY OF RANCHO CUCAMONGA
DIRECT AND OVERLAPPING BONDED DEBT
1296-97 Assessed V lua ion 6,898,429,E
DIRECT AND OVERLAPPING BONDED DEBT- % Applicable Debt 6/30/97
San Bernardino Co. General Fund &Pension Obligations 7.495 % $110,701,978
Metropolitan Water District 0.544 3,161,646
Chaffey Community College Dist. Certs. of Participation 18.065 1,394,618 Direct Debt 0.01%
Chaffey Jr. Union H.S. Dist.-Certs of Participation 37.802 2,124,472
Alta Loma School District 98.511 7,757,741 Total Gross Debt 5.05%
Central School District&Certs. of Participation 96.811 23,273,364 Total Net 5.04%
Cucamonga School District-Certs of Participation 38.943 5,960,226
Cucamonga County Water District 88.603 310,111
Cucamonga County Water District, I.D. #5 95.223 1,604,508
Rancho Cucamonga Redevelopment Agency 100.000 147,275,000
Etiwanda School Dist. Community Facilities Dist. #1,#2,#3 100.000 17,175,000
City of Rancho Cucamonga-Certs. of Participation 100.000 740,000
City of Rancho Cucamonga Cmnty. Fac. Dist. #84-1 100.000 19,480,000
City of Rancho Cucamonga 1915 Act Bonds 100.000 7,245,000
Fontana Unified School District & C.O.P. 0.450 374,045 STATE SCHOOL BUILDING AID
Upland Unified School District C.O.P. 0.209 18,392 REPAYABLE AS OF 6/30/97 $2,920,965
TOTAL DIRECT&OVERLAPPING BONDED DEBT $348,596,101
Source: California Municipal Statistics, Inc.
EXHIBIT 8
CITY OF RANCHO CUCAMONGA
Legal Debt Margin
(General Obligation Bonds)
June 30, 1997
Assessed valuation $6,898,429,587
Debt limit - 15% of assessed valuation $1,034,764,438
Amount of debt applicable to debt limit:
Total bonded debt $0
Other debt $0
Less assets in Debt Service Fund available
for payment of principal $0 $0
Legal debt margin $1,034,764,438
Source: Finance Department
Note: The City has no general bonds outstanding, however, revenue bond indebtedness has been issued by the Rancho
Cucamonga Redevelopment Agency. See Direct & Overlapping Bonded Debt for information on these bonds.
104
EXHIBIT 9
CITY OF RANCHO CUCAMONGA
BUILDING PERMITS
Number Of Permits Issued
1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97
July 1,425 1,232 428 418 278 326 238 300 237 249
August 1,769 1,751 459 327 262 230 344 288 232 198
September 1,547 1,373 351 192 248 245 305 242 225 245
October 1,084 1,941 512 328 284 268 222 191 321 226
November 837 1,470 358 274 200 255 283 270 191 218
December 848 1,068 268 303 195 223 237 170 158 215
January 973 1,448 337 228 171 182 264 131 249 327
February 1,246 1,167 359 317 243 149 281 257 185 341
March 1,820 1,689 410 257 295 298 442 196 209 363
April 1,225 1,649 396 335 231 315 201 214 226 431
May 1,708 1,927 372 313 274 262 307 307 250 256
June 1,981 1,964 408 312 365 385 348 280 218 267
TOTAL 16,463 18,679 4,658 3,604 3,046 3,138 3,472 2,846 2,701 3,336
CITY OF RANCHO CUCAMONGA
Building Permits
Thousands
20 -
15 -
10 -
5 -
0 ---- - -r 1 T---__--
1987-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 95-96 1996-97
Fiscal Year
No.Of Permits Issuedl
106
EXHIBIT 10
CITY OF RANCHO CUCAMONGA
CONSTRUCTION ACTIVITY
BUILDING PERMIT VALUATION
1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-% 1996-97
July $26,616,322 $19,353,555 $10,089,602 $23,599,548 $2,918,819 $11,119,619 $2,309,314 $9,862,766 $12,331,995 10,582,570
August 42,574,167 30,200,101 23,460,230 14,593,530 2,505,876 3,640,314 6,934,763 10,295,238 8,658,100 8,625,913
September 31,918,086 24,268,160 22,479,041 2,350,284 4,577,135 5,611,615 6,012,384 10,610,641 7,539,020 22,895,860
October 20,870,494 48,782,828 23,647,235 7,727,450 6,382,558 3,630,620 4,005,140 14,552,820 10,501,190 6,482,329
November 24,547,794 17,614,217 11,332,216 5,654,369 2,436,103 7,572,750 7,615,600 15,978,747 - 3,606,830 9,254,752
December 12,117,584 16,056,186 10,147,202 23,805,734 7,140,379 2,843,800 2,346,730 7,157,443 6,256,792 8,554,638
January 17,568,702 24,774,598 15,816,216 10,283,180 8,374,060 8,407,509 12,343,088 1,717,165 15,045,410 14,583,794
February 31,608,519 38,792,235 23,738,389 7,041,748 5,401,851 1,899,579 12,671,962 17,497,339 11,201,194 17,929,883
March 43,663,631 47,229,360 16,484,505 13,445,250 5,561,660 8,499,799 14,063,158 2,101,199 11,932,433 3,779,101
April 10,056,772 35,861,166 9,156,809 6,593,123 4,686,138 11,459,265 5,158,210 8,054,910 11,378,975 9,841,932
May 32,375,301 34,206,959 9,498,383 3,910,268 5,137,236 5,231,474 17,243,990 9,403,612 15,468,092 8,397,938
June 56,408,374 60,298,893 22,989,440 7,689,607 18,714,994 15,177,110 12,007,333 10,546,284 6,074,237 17,116,665
TOTAL 350,325,746 397,438,258 198,839,268 126,694,091 73,836,809 85,093,454 102,711,672 117,778,164 119,994,268 138,045,375
Source: Building and Safety Division
CITY OF RANCHO CUCAMONGA
Construction Activity
Millions
$500
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$400
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
$300
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- 11 - - - - - - - - - - - - - - - - - - -
$200
$100
$0
1987-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 95-96 1996-97
Fiscal Year
Lin iV—al u—e0 fPermits
108
EXHIBIT 11
CITY OF RANCHO CUCAMONGA
DEMOGRAPHIC STATISTICS
Average Annual San Bernardino City Population
City Population County as Percent
Year Population Percent Changes Population of County
1988 94,614 17.9% 1,202,695 7.9%
1989 104,727 10.7% 1,286,210 8.1%
1990 104,887 (1) 0.2% 1,423,800 7.4%
1991 105,100 (2) 0.2% 1,464,700 7.2%
1992 109,800 4.5% 1,508,700 7.3%
1993 111,500 1.5% 1,539,600 7.2%
1994 112,700 1.1% 1,559,100 7.2%
1995 114,600 1.7% 1,572,700 7.3%
1996 115,900 1.1% 1,589,500 7.3%
1997 116,045 0.1% 1,587,387 7.3%
Source: (1) U.s. Bureau of Census, California Department of Finance
(2) In May, 1996 the California State Controller's Office (Demographic Research Unit) recalibrated the
population count statewide retroactive to April 1990. That recalibrated count is reflected above.
DEMOGRAPHIC STATISTICS DEMOGRAPHIC STATISTICS
City Of Rancho Cucamonga County Of San Bernardino
Thoumntls
Thousands
410 1510
310
1010
210
510
110 -sp
10 1—r 10 r—r —f-
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
®CIN POPULATION OCOUNTV POPULATION
110
EXHIBIT 12
CITY OF RANCHO CUCAMONGA
PRINCIPAL TAXPAYERS-(1)
June 30, 1997
TOP 25 PRODUCERS
Albertsons
Ameron
Astro Office Products
Best Buy
Chilis Grill & Bar
Circle K
Circuit City
Claim Jumper
Home Depot
Mervyns
Mobil Oil
Montgomery Ward
Office Depot
Price Company
Proficient Food Company
RecotInc
S W School Supply
Sehulster Tunnels Pre Con
Service Merchandise
Stater Bros.
Tamco
Target
United Industries Inc
Vons
Wal Mart
(1) Based on sales tax revenues, listed alphabetically.
Source: State Board of Equalization
EXHIBIT 13
CITY OF RANCHO CUCAMONGA
PURCHASED INSURANCE POLICIES
Coverage Maximum Coverage Comvanv Remarks
Auto Insurance $250,000 PARSAC One year policy - Expires 5/98
SFC 008585 $29,249 annual premium
Boiler& Machinery Policy $9,500,000 Hartford Steam Boiler One year policy - Expires 10/26/97
BMI-LA-9934845 $9,071 annual premium
Crime Policy $100,000 Hartford Fire Insurance One year policy - Expires 7/1/97
Employee Surety PEB AO3609 $2,027 annual premium
Equipment Insurance $250,000 PARSAC One year policy - Expires 5/98
premium included in auto coverage
Liability Insurance $5,000,000 PARSAC One year policy - Expires 7/1/97
$354,862 annual premium
Notary Bond $10,000 Western Surety Company Effective 12/17/93
$50.00 annual premium
Excess Liability $5,000,000 PARSAC One year policy - Expires 7/1/97
$46,569 annual premium
Property Insurance $250,000 PARSAC One year policy - Expires 5/98
premium included in auto coverage
Special Events $2,000,000 CNA Insurance Company One year policy
$1,000 one time premium
Workers Compensation $10,000,000 PARSAC One year policy - Expires 7/1/97
$91,682 annual premium
Excess Workers' Comp $10,000,000 PARSAC One year policy - Expires 7/1/97
$109,155 annual premium
Source: Risk Management Division
112
EXHIBIT 14
CITY OF RANCHO CUCAMONGA
MISCELLANEOUS STATISTICAL INFORMATION
Date of Incorporation Nov. 22, 1977
Type of City General Law
Form of Government Council Manager
Area 37.5 Square Miles
Population 116,045
Number of Street Lights 9,378
Miles of Streets 486
Number of Signals 110
Fire Protection:
Rancho Cucamonga Fire District
Number of Stations 5
Number of Firefighters &Officers 67
Police Protection:
Contracted with San Bernardino Co.
Number of Stations I
Number of Sworn Officers 86
Recreation and Culture:
Number of Parks 20 with 236 acres
Source: City Of Rancho Cucamonga - Various Departments
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