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HomeMy WebLinkAbout1996/06/30 Comprehensive Annual Financial Report 7 . r , A � vif I jj1 \ 1Y Aa _ City of RanchoCucam nga. California C COMPREHENSIVE ANNUAL FINANCIAL REPORT ded lune 30, 1996 0 CITY OF RANCHO CUCAMONGA, CALIFORNIA i 1 ' 1 Comprehensive Annual Financial Report ' Fiscal Year Ended June 30, 1996 i i i Prepared by ' Finance Department 1 ' Susan M. Stark Finance Officer 1 1 1 1 This page intentionally left blank. ' City of Rancho Cucamonga Table of Contents Page Number INTRODUCTORY SECTION Letter of Transmittal i City Officials xxv ' Organizational Chart xxvi Geographic Location Diagram xxvii ' Certificate of Achievement for Excellence in Financial Reporting xxviii Certificate of Award for Outstanding Financial Reporting xxix 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 3 Exhibit B - Combined Statement of Revenues, Expenditures and Changes in ' Fund Balances - All Governmental Fund Types 4 Exhibit C - Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Governmental Fund Types 6 ' Exhibit D - Statement of Revenues, Expenses and Changes in Retained Earnings Proprietary Fund Type - Enterprise and Internal Service Funds 12 ' Exhibit E - Combined Statement of Cash Flows - All Proprietary Fund Types 13 City of Rancho Cucamonga , Table of Contents , NOTES TO FINANCIAL STATEMENTS 14 ` SUPPLEMENTARY SCHEDULES , Schedule 1 - Balance Sheet - General Fund 56 Schedule 2 - Statement of Revenues, Expenditures and Changes in Fund Balances ' - General Fund 57 Schedule 3 - Schedule of Revenues, Expenditures and Changes in Fund Balances ' - Budget and Actual (Budgetary Basis) - General Fund 58 ' Schedule 4 - Combining Balance Sheet -All Special Revenue Funds 63 Schedule 5 - Combining Statement of Revenues, Expenditures and Changes in ' Fund Balances - All Special Revenue Funds 67 Schedule 6 - Combining Schedule of Revenues, Expenditures and Changes in , Fund Balances - Budget and Actual (Budgetary Basis) -All Special Revenue Funds 71 ' Schedule 7 - Combining Balance Sheet- All Debt Service Funds 80 Schedule 8 - Combining Statement of Revenues, Expenditures and Changes in , Fund Balances -All Debt Service Funds 81 , Schedule 9 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual -All Debt Service Funds 82 ' Schedule 10 - Combining Balance Sheet - All Capital Projects Funds 83 Schedule 11 - Combining Statement of Revenues, Expenditures and Changes in , Fund Balances - All Capital Projects Funds 84 Schedule 12 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) -All Capital Projects Funds 85 , Schedule 13 - Combining Balance Sheet-All Agency Funds 88 City of Rancho Cucamonga Table of Contents Schedule 14 - Combining Statement of Changes in Assets and Liabilities - All Agency Funds 89 Schedule 15 - Statement of General Fixed Assets 93 Schedule 16 - Schedule of General Fixed Assets by Function and Activity 94 Schedule 17 - 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 Exhibit 11 - Demographic Statistics 109 Exhibit 12 - Principal Taxpayers 111 Exhibit 13 - Purchased Insurance Policies 112 Exhibit 14 - Miscellaneous Statistical Information 113 This page intentionally left blank. , �x H O d C n H O 7C �C A H INTRODUCTORY SECTION 0 z z 0 U w x O F U A O a F z This page intentionally left blank. ' T H E C I T Y O F QA NC ISO C UC A MONG 1� 1 December 11, 1996 The Honorable Mayor and Members of the City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 Councilmembers: 1 Submitted for your information and consideration is the Annual Financial Report for the year ended June 30, 1996. 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 Cucamonga's 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, 1995. 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 eight consecutive years (June ' 30, 1988 through June 30, 1995). We believe our current report continues to conform to the Certificate of Achievement program requirements, and we are submitting it to GFOA. i ' Mayor William J. Alexander \ Councilmember Paul Biane Mayor Pro-Tem Rex Gutierrez _ Councilmember James V. Curatalo Jack Lam, AICP, City Manager Councilmember Diane Williams ' 10500 Civic Center Drive < P.O. Box 807 o Rancho Cucamonga, CA 91729 ^ (909) 989-1851 • FAX(909) 987-6499 I. BACKGROUND INFORMATION 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 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 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 ' 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. , ii ' 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. 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 Councilmembers, City Clerk, and City Treasurer. The Mayor and Councilmembers 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 Councilmembers. The Mayor 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 Statement No. 3 of the National Council on Governmental ' Accounting(adopted by GASB)defining the governmental reporting entity as including the City and all of its related entities over which the City Council has continuing oversight responsibility, has resulted in the preparation of this financial reports'format consolidating the financial data of the City and all of its related entities. FINANCIAL STATEMENT FORMAT In accordance with the above mentioned guidelines, the report is divided into the following three sections: 1. INTRODUCTORY SECTION: Contains the principal officers, City organization ' chart, and the letter of transmittal. iii 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. RESPONSIBILITY , The responsibility for the accuracy of the data presented, the completeness and fairness of its , presentation, including all disclosures, rests with the City. The data, as reported, is believed to be accurate in all material respects;and was designed in a manner to present fairly the financial position , of the City, Redevelopment Agency, Corporation,and Fire District at June 30, 1996, and the results of its operations and changes in financial position. All disclosures necessary for the reader to gain a maximum understanding of the City's financial affairs have been included. ' FUND DESCRIPTIONS Definitions of the various funds and account groups of the reporting entity are included as ' supplementary information within the various divisions of the Financial Section of this report. ACCOUNTING SYSTEM AND BUDGETARY CONTROL , The City's accounting records are maintained on the accrual basis to the extent practicable for the ' 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. iv ' II. HIGHLIGHTS OF FISCAL YEAR 1995/96 REDEVELOPMENT AGENCY A. Economic Development/Marketing The Agency continues to focus on business attraction, retention and expansion. The Agency contracted with PHH Fantus to develop the Economic Development Strategic Plan for Rancho Cucamonga, completed in January, 1996. The approved plan provides goals, objectives and implementation tools to achieve optimum economic development results tailored to our community. ' Retention/Expansion-The business site visitations and tri-annual business receptions continued to be a focus of the Redevelopment Agency.A total of 346 manufacturers were contacted and presented with a welcoming packet with referral information and provided assistance as needed. The Agency hosted three business receoptions for new businesses within the City in July, December and March. Participants included Agency and City staff, Mayor and Council members, Small Business Development Center (SBDC), Rancho Cucamonga Chamber of Commerce, Chaffey College and Inland Empire Economic Partnership (IEEP). The Agency's Third Party Certification Program provided assistance to seven existing and/or expanding businesses to bring their machinery into UL compliance. The Agency also developed and implemented the City's first "Manufacturers Appreciation Week" in May. Marketing/Attraction - The Agency actively pursued regional tourism recognition with the Cities of Ontario and Fontana by developing the"Tri-Communities Brochure"and participated in regional ' marketing activities and publications through the Inland Empire Economic Partnership (IEEP) and International Conference of Shopping Centers (ICSC). The Fax on Demand Program was in full force throughout this fiscal year and resulted in over 400 contacts. Local businesses and potential clients received promotional skybox tickets to provide them with an opportunity to experience the sports/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 public relations packets. The City's Souvenir Shop is continuously updating and monitoring merchandise. These quality souvenirs have carried the City's name across the United States to ' Chicago,New York, Minnesota and Alaska. Capital Improvements - Over the past eight years the Agency has focused a significant amount of capital effort in developing adequate flood control improvements. As a result, the Agency determined that these significant flood control efforts merited an updated hydrology and flood report to the Federal Emergency Management Agency (FEMA). As a result of the report, approximately ' 500 homes, as well as commercial and industrial acreage are no longer included in a flood zone. Through the removal of the flood zone designation,property owners are no longer required to obtain flood insurance and undeveloped properties are now able to develop without providing interim flood ' control improvements resulting in reduced local development costs. v B. Affordable Housing Rental Housing - Southern California Housing Development Corporation (SCHDC) rehabilitated two existing apartment complexes within the City; Mountainside and Monterey Village. Agency funds were combined with other financing obtained by SCHDC to acquire and rehabilitate a total j of 608 units, of which half were made affordable. Senior Housing - Prairie Pacific Development Corporation (PPDC) and the Agency entered into a ' Developer Dispositon Agreement (DDA) to construct 159 senior apartment units adjacent to the City's library. PPDC obtained a four percent state tax credit to assist in financing the development. , This project is underway and construction is scheduled to commence in March, 1997. Occupancy is anticipated to occur in 1998. Home Ownership - The Housing Finance Agency, a joint partnership formed with the Cities of Rancho Cucamonga and Chino, provided 18 affordable home mortgages to Rancho Cucamonga households serviced through the California Rural Home Mortgage Finance Authority. Northtown , Housing Development Corporation (NHDC) has continued their single-family infill development and down payment assistance programs through leveraging other public/private funds with Agency funds. Twelve three-and four-bedroom homes have been developed on sites throughout the City for , purchase or lease/purchase option by income-eligible households. NHDC also completed new construction of the 88-unit Villa Del Norte condominium project. These units are also for large families having three, four or five bedrooms. Habitat for Humanity received Agency assistance to construct a new single family house utilizing sweat equity and other grants and loans. The Agency executed a consortium agreement with the County of San Bernardino's HOME Program which , includes down payment assistance and tenant-based rental assistance. Discussions have begun with Neighborhood Housing Services to develop a program for first-time , homebuyers. The Agency is also considering a proposal to join San Bernardino County's HOME Program,and a partnership with the City of Chino to develop a first-time homebuyers program using Single Family Mortgage Revenue Bonds. It is anticipated that all three homebuyer programs will be implemented in the 1995/96 fiscal year. ENGINEERING The most significant capital project for fiscal year 1995/96 was the completion of the design for the ' Haven Avenue Street and Storm Drain Improvements from Deer Creek Channel to Base Line Road, and obtaining the necessary funding for the improvements. The project, which will be completed ' in fiscal year 1995/96, will widen Haven Avenue on the west side to three lanes by removing the channel on that side of the street and replace it with a pipe. This is the first of a multi phase program to fully widen Haven Avenue in the vicinity of the open channel. , vi Construction of twelve acres of the Etiwanda Creek Park commenced, which will be completed in fiscal year 1996/97. In conjunction with the park,East Avenue from Sumit Avenue to the north was widened to accommodate the additional traffic for the park. Design was begun on widening East Avenue from Summit Avenue south of Victoria Street. Jersey Boulevard design was completed with construction set for fiscal year 1996/97. This project will improve the profile and cross section of the street and also improve the badly deteriorating pavement. Base Line Road was widened from two to four lanes from Day Creek Channel to Victoria Park Lane. The project not only provided for the high volume of traffic through the area, it also improved the alignment of the roadway resulting in a safer section of Base Line Road. This project eliminated the final "bottleneck" on Base Line Road within the City. The City rehabilitated over eight miles of residential and major streets during the year. The relatively new rubberized slung process was utilized on these streets. This will not only extend the life of the pavement but also provide a good skid resistance for increased safety. The City installed traffic signals at Arrow Route and White Oak, and at Archibald Avenue and 8th Street. A right turn lane was added at Archibald Avenue and Base Line Road to aid traffic flow. Other projects included the rehabilitation of the Senior Center and the design of Lions Center improvements. Construction of the latter is scheduled for completion during fiscal year 1996/97. The City reconstructed damaged cobblestone curb on Etiwanda Avenue in keeping with the rural development of the area. Community Development Block Grant (CDBG) funds were used to improve 9th Street between Grove Avenue and Edwin Street. This project constructed curb and gutter, sidewalks, street lights, and repaved the deteriorating pavement. PLANNING A. Current Planning During the 1995/96 fiscal year,the Current Planning section processed a significant number of major development projects, permit entitlements, and special projects as summarized below: Staff processed a total of 723 applications of all types, ranging from Home Occupation Permits to Tentative Tract maps. vii Major development projects which were processed included the Heritage Bag Manufacturing Plan, Diversified Pacific Homes' 28-lot subdivision in Etiwanda,North Star Recycling, Office Max Price Club Expansion,Kambian Distribution Center, AMPAC, Sacred Heart Church, and the Cucamonga County Water District headquarters. The continued strength of commercial construction also required significant attention during this past , fiscal year. Major projects that went through plan check and/or were under construction included Koll Arrow Center, Home Depot, Masi Plaza, Villa Del Norte, Office Max, Price Club Expansion, and North Star Recycling. , The Current Planning section was involved with many special projects. The first special project was updating the Development Code,Industrial Area Specific Plan,and other regulatory documents. The second special project was Route 30 Freeway Task Force. B. Advance Planning ' A City-initiated commercial retail market study was undertaken and completed. The study was intended to establish a current base line of commercial land use in the City and what would be a healthy balance of new land use opportunities. In addition,staff processed nine Specific/Community Plan Amendments, two Development District Amendments, and nine General Plan Amendments. Four new County and twenty-one new governmental referrals were received and reviewed. Two of the County and eight of the government referrals required a response. ' The County referrals requiring a response included the following: • Notice of Preparation for the San Sevaine Redevelopment Project Area , • West Valley Juvenile Detention Facility The governmental referrals requiring a response included the following: • EIS for the Cajon Pipeline Project , • RP#4 Outfall Alignment. • Recovery Plan for the Delhi-Sands Flower Loving Fruit Fly. ' • Guasti Plaza's Specific Plan. • PUC Rules. • West Gate Specific Plan , • Ontario Mills Mall • City of Upland's General Plan Update viii Historic Preservation accomplishments included the following: • Designated four residences(Hickox, Cour, Maloof, and Palmer) as Landmarks, and two sites as Points of Historic Interest(Sacred Heart Church and Etivista Winery). • During this period,five Landmark Alteration Permits were processed and three Mills Act Property Tax Reduction Agreements were entered into by land marked property owners to reduce property taxes and secure on-going maintenance for the Hickox, Cour, and Palmer Residences. C. Community Development Block Grant Administration This year saw the completion of several capital and facility improvement projects, including construction of improvements on Calaveras Avenue from Arrow Route to 9th Street and completion of 98 percent of the improvements on 9th Street from Grove Avenue to Edwin Street. Other work included sidewalk repair and replacement throughout target neighborhoods resulting in a total of 5,294 square feet of sidewalk replacement. In order to accommodate handicapped persons, the City installed approximately 7,572 square feet of handicapped curbing. The third phase of interior improvements to the City's Senior Center,including replacing interior lighting and adding chair rails and new carpeting were completed. Finally,design work for the Lion's Center East improvements were completed. The City-run Home Improvement Program offers eligible residents grants or deferred payment loans to complete needed repairs to their homes. A total of 40 lower income households were assisted through this program, with a total of 4 loans, 12 grants and 24 emergency grants completed. In addition, another 72 households were assisted with minor home repairs. A range of public service activities are funded through the Community Development Block Grant Program including youth programs, graffiti removal, and food and shelter assistance. A total of 69 at-risk youth were provided after school activity and guidance. Approximately 16,620 square feet of graffiti was removed from target neighborhoods; the City continued to fund landlord/tenant and fair housing services to approximately 328 households. Additionally, public services were provided to assist 147 homeless or near homeless individuals by providing four families with transitional shelter and assistance toward obtaining permanent housing and 3 battered spouse households were provided shelter at the House of Ruth. In addition,23, 805 meals were provided to 1,587 households in need. tThe 1996-97 Consolidated Annual Plan and the 1994-95 Annual Performance Report were both completed during the 1995/96 fiscal year. ix BUILDING AND SAFETY Building activity for Fiscal Year 1995/96 was approximately one hundred and twenty million ' dollars. Major retail outlets contributed to a third consecutive year of sustained activity. These outlets included Home Depot and Office Max. Frito/Lay also completed a major expansion to their facility. Building and Safety is now a fully integrated division providing all plan checking and inspection for conformance to Uniform Building and Fire Codes and Code Enforcement of Municipal Code Property Maintenance Standards. COMMUNITY SERVICE The Community Services Department continued to devote its energy during fiscal year 1995/96 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. The 1995/96 fiscal year found the Community Services Department reassessing or improving existing programs/services. The following major activities were accomplished: A. Youth Programs and Activities The very popular Play School 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 1995/1996, 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 200 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. x ♦ The Egg Hunt,held at three sites,Red Hill Park,the Epicenter,and Windrows Park is always a popular event bringing out more that 2,000 participants. ♦ Other activities included a nine-week Summer Day Camp, and the Kid Explorers Summer Program. B. Family Program/Activities ' Family oriented programs and activities also offered during fiscal year 1995/96 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 11th annual season of Concerts in the Park presented six concerts offering a variety of music where nearly 9,400 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 18th anniversary of cityhood by attending our Founders Day Parade and Celebration held on the second Saturday of November with a theme of"Through the Eyes of a Child." ♦ Movies in the Park provided nearly 12,575 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 69,391 in 1995/96. ♦ The following facilities were also utilized by community residents during fiscal year 1995/96: Equestrian Center (4,970), Amphitheatre (11,163), and Civic Center Courtyard (1,560). 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 ' are recognized for their service each May at the Park and Recreation Commission meeting. TRAC xi r members also receive a monthly newsletter(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. ♦ Teen Snack Bars operated at 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 second annual Teen Job Fair and Job Skills Workshop was held in May and attracted over 200 teens. The Job Fair featured educational sessions and a local business vendor fair. ' ♦ The Teen Learning Center was planned in fiscal year 1995/96 and implemented in the summer of 1996. Thirty-three(33)teens volunteered over 2,500 hours of community service during the 8 weeks of summer. D. Sports The City continued its second year of Youth Roller Hockey at the expanded parking lot on Rochester , across from 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 3rd highest participation in California among roller hockey programs and i st highest in the state amongst cities. Summer Swim Lessons attracted over 3,300 participants. This is the largest summer swim lesson , program in the County of San Bernardino. Over 5,100 children participated in the recreational swim program. Pee Wee Soccer in its fifth year grew from 420 to 740 participants this last year, and Pee Wee Baseball attracted 750 three to five year olds to learn the basic fundamentals of baseball. We now have two seasons of soccer, Spring and Fall. This was the second year of use at the Rancho Cucamonga High School for the youth basketball program , (750 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. This year , youth basketball dropped all fundraising and went to team sponsorships. The amount raised increased by over$10,000 this year to a total of$40,000. xii The Pee Wee Sports program reduced its staff and began utilizing 160 volunteers (25-35 year olds) instead. The more mature volunteers have provided a better all around program. Each season was also ' expanded from 5 to 7 weeks due to the cost savings. The City's adult softball program increased from 432 teams to 456 teams (7,560 participants). The City expanded its sport opportunities for women by starting its first Women's Six-aside Soccer League with 18 teams (180 participants). 3-on-3 women's basketball league had 4 teams with 16 players. Men's Flag Football grew from 11 teams to 28 teams(280 players)and adult coed volleyball grew from 11 teams to 18 teams (180 players). E. Senior Programs/Activities Following the completion of renovations the senior center was officially dedicated on June 22, 1996. Ceremonies were incorporated into the annual Senior Citizens Fine Art Show. Both events attracted a large amount of participation from residents young and old. As result of the renovations and some program re-organization we were able to add the center's Thompson Room to our programming. Currently the room is used as a drop-in, where seniors can read, work on puzzles, or watch television. Coffee is provided free of charge by Secure Horizons and the Daily Bulletin newspaper and morning orange juice is provided by Health Net. Among some of the on-going scheduled events at the Center are six major holiday related events which are co-sponsored with the Rancho Cucamonga Senior VIP Club. In addition, there are six (6) mini- events that are organized entirely by center staff. Classes at the Center included aerobics, crafts, mature driving re-training, and line dancing, all of which are available for a nominal fee. In addition, activities such as pool, cards, scrabble, and checkers are offered at no cost. Entertainment consists of Senior Cinema twice a month in the afternoon, and ballroom dancing on the first Tuesday and second Saturday of the month. 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 During Fiscal Year 1995/96 over 70,000 information and referral requests from the community at large pertaining to a variety of questions and needs such as food stamps, senior services, health care, xiii housing, emergency food banks, job training and placement sources were handled. Physical examinations and immunizations (sponsored by the San Bernardino County Department of Public Health)were given to children, adults and seniors at the Senior Center on a monthly basis. Omnitrans ' bus passes and I.D. cards were also sold at the Center. Daily Nutrition meals provided through a contract with the Old-timers Foundation, health screening, legal aid, blood pressure screening, home visits and phone calls, insurance counseling, peer counseling, and monthly surplus food distribution for , seniors are all offered as part of our Human Service Program. In addition,numerous information/referral publications have been developed to assist the community including a comprehensive community resource directory, a senior housing directory, a child care directory, adult day care resource list, and emergency services resource listings. Annual events included the Community Health Fair, a Flu Shot Clinic (900 shots were given during the ' 1995/96 clinic), a Holiday Basket Program providing food to 600 needy families, and the annual recognition program for the City's 700 volunteers who assist the City in the delivery of its programs, activities and services. t A highlight of our human service programs for fiscal year 1995/96 continued to be the "The Doctor Is , In"series presented monthly by a volunteer physician in the community. Health related topics included: Kidney and Urinary Tract Infections, Diabetes, Breast Cancer, Dizziness and Falls, Depression and Anxiety, and Heat Exhaustion/Heat Stroke. In addition two special presentations were provided for the community;one on Signs, Symptoms of Thyroid Disorders,the other the Treatment of Thyroid Diseases including a presentation on the psychological affects. Informational presentations of interest to the community were also presented monthly on a wide variety of topics including, Getting Your Affairs in Order, Elder Abuse, Stress and Caregiving, The New Age of Libraries, Eating for a Healthy Heart and How to Wrap Up Holiday Stress. G. Epicenter Events & Rentals Thirty-five (35) bookings took place during fiscal year 1995/96 at the Rancho Cucamonga Epicenter. Events included such activities as the a Symphony Concert Series, Willie Nelson and Waylon Jennings Concerts, two Home Shows, Credit Union Auto Show, Scout-O-Rama, and the City's Founders Day Celebration. A. B. Miller High School and Rancho Cucamonga High School graduation ceremonies and several commercial filmings were also hosted at the stadium. 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 xiv City's rapidly growing population of new policies,development,activities and recreational opportunities taking place in the community. POLICE DEPARTMENT A. COPS More Grant/TRU Program During the 1995/96 fiscal year it was proposed that a Telephone Report Unit (T.R.U.) Program be initiated within the Police Department. This program enables citizens to report selected types of crimes via telephone. The resulting time savings allows field officers more unobligated patrol time. In conjunction with this program the Police Department received a Federal COPS MORE Grant to help offset the cost of the TRU. The time saved by the TRU has equated to the equivalent of placing two (2) additional officers on patrol. B. Crime Free Multi-Housing Project The Crime Free Multi-Housing Project(CFMHP)was initiated for the purpose of addressing the crime problem that exists in rental properties. It creates a coalition between landlords,tenants, and local law enforcement. The program is divided into three(3)phases and at the conclusion of each phase the rental complex/manager is given a Crime Free Multi-Housing Sign to post on their property. To date more than half of the apartment complexes in the City have become an active part of the program and it is anticipated that there will be a reduction in crime and calls for service in the future. '. C. COPS Universal Grant The Police Department applied for and received notification that we had been awarded the COPS Universal Grant. This three (3) year grant program will provide partial funding for an additional five (5) patrol officers. The balance of the funds for these new officers is to come from a California State Grant Program as established under Assembly Bill 3229 to be administered by a five member committee titled Supplemental Law Enforcement Oversight Committee comprised of various municipal and county officials selected in a manner yet to be determined. The increase in sworn personnel staffing for Rancho Cucamonga will greatly assist the City in its ever vigilant effort to maintain an acceptable level of proactive patrol time. xv 1 LIBRARY r In September of 1994, the City opened the doors of its first municipal public library. Now celebrating , two years of service, the library welcomes an average of 1,000 visitors through its doors each day. Today, with over 100,000 books and media collections that range from video to CD Rom discs, the library loans more than %z million items to its residents each year. Over 90,000 information questions were answered by a staff of five during this past fiscal year. The Library also added Internet access to its list of services and,as a result,the Information Staff is now able , to instantaneously access the Internet and provide up to date information services to the public from the cyber super highway. ' In fiscal year 1995/96, over 20% of the Library's budget was generated by fees, fundraising and grantsmanship. Working with a Friends of the Library group additional revenues of $50,000 was raised via donations. The creation of a Library Foundation has been warmly received and set a fiscal year 1996/97 fundraising goal at over $70,000. Fines and fees continue to be evaluated and a fee based Technology Center, partnered by local business, is in the planning stages for 1997. , CASH MANAGEMENT r 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's Local Agency Investment Fund (LAIF). During the fiscal year 1995/96, 95%of the idle cash was invested. It is the objective of staff to attain a greater percentage of invested funds, while maintaining the necessary reserves needed to fund City services. DEBT ADMINISTRATION 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 August 17, 1995 the Rancho Cucamonga Redevelopment Agency entered into a three year term loan in the amount of$21,000,000 to fund the Mountainside,Monterey Village and Sycamore Springs project in conjunction with the Southern California Housing Corporation. Principle and interest are payable semi-annually commencing on March 1, 1996. The loan is intended to be paid off with bond proceeds which were issued in September 1996 as follows. , xvi rOn September 1, 1996 the Rancho Cucamonga Redevelopment Agency issued 1996 Housing Set-Aside Tax Allocation Bonds in the amount of$37,665,000 to be used to repay to Sanwa Bank existing loans in the amounts of$28,710,670 and to complete projects for which those loans were originated. This bond issue consists of$8,790,000 of serial bonds with maturities beginning September 1, 1997 through September 1, 2006 and $28,695,000 of term bonds maturing thereafter. RISK MANAGEMENT During fiscal year 1995/96, 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 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 One time reimbursements, inter-fund transfers, and budget cuts in the previous fiscal years allowed General Fund revenues, such as sales tax, to catch up and replace these short term solutions. This stabilization process and the coming back to life of the Southern California economy will help to improve the stability of services. The biggest challenges will continue to be costs imposed by other agencies that cannot be passed on (such as law enforcement overhead charges) and additional attacks on revenue(think Jarvis and Proposition 218). Our assessment districts currently remain stable at level "A" service with increased costs absorbed through continued reductions in water usage due to the completion of automated monitoring. These districts have not received increases for four years and automation will eventually run its course of savings. However,the Jarvis Initiative recently passed on the November ballot, may alter the ability for assessment districts to keep up with costs of maintenance, thereby calling into question the ability for cities to keep up with growth demands on services in the future. A preliminary review of the City's districts, in light of Proposition 218, reveals that all of the lighting districts appear to be in the exempt xvii r category by virtue of being covered under the streets exemption. All other special districts originated shortly after incorporation as property owner petitioned districts and as a result are "grand fathered". However, current interpretation (subject to legislative or court action) is that in the future, when and if these districts require an increase, the increase would be subject to a property owner vote. Right now it appears that only Park District 85 (Red Hill and Heritage Parks)will require prgperty owner validation , prior to July 1, 1997. Staff is busily researching procedures and alternatives in order to present a mutually beneficial process to handle this new requirement. 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 (as pictured on the cover of this report). The transition between County and the City has been tremendously successful with a much higher level of service and exceptional community support. The challenge for the Library, which remains dependent upon a slowly declining property tax, is meeting the demand for expanded services despite limited financial resources. In an effort to meet these demands,the Library continues to explore innovative ways to provide more varied and higher levels of service in the most cost efficient manner possible. Partnerships with the community are constantly being developed, and the Friends of the Library Bookstore continues to greatly enhance the opportunity for the community to provide support for the Library. With continued excellent management,an entrepreneurial spirit,and community support through the Friends' organization,the Library has been able to cope and maintain its services. The City's law enforcement contract with San Bernardino County Sheriffs Department continues to rise in cost with a six percent increase effective in 1995/96 due to labor negotiations and an additional overhead charge. The cost of this contract service continues to escalate annually beyond the CPI and, with this latest adoption of an additional overhead charge, it is recommended that the City again look at the feasibility of its own police department to enable better control of its future and its costs. The City must look at the fiscal as well as the service components of its local law enforcement and has a responsibility to explore options to better control its own destiny. 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. The increased reduction will see the utility tax rate reduced nearly 10%from 4.66 to 4.21. Additionally the"cap"will be reduced by approximately 40% from $50,000 to $30,000 for industrial /business users with high utility usage. 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. The new Jarvis initiative will severely affect the ability of the City to obtain revenues to handle future growth. The State will continue to "tinker" with the revenue system in ways that will impact local government, usually negatively. 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. xviii IV. FINANCIAL STATEMENT ANALYSIS The fiscal operations of the City are primarily accounted for in the Governmental Funds which include the General, Special Revenue, Debt Service, and Capital Project funds. REVENUE ANALYSIS The total fund equity (aggregate fund balances) in these funds of$171.6 million reflects an increase of $16.4 million over the previous fiscal year. Total financing sources available during the year amounted to approximately $127.8 million. Of this amount, $87.2 million was from governmental fund type resources, $27.1 million was from debt proceeds, and $13.5 million was from operating interfund transfers. The following is a recap of the 1995/96 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/ Revenue and Other 1995/96 Percent (Decrease) Financing Sources Revenue Of Total From 1994/95 Taxes $ 57,538 45.0 % $ 4,178 Licenses & Permits 1,594 1.2 ( 20 ) Fines &Forfeits 291 0.2 ( 124 ) Use of Property & Money 8,473 6.6 1,626 Intergovernmental 11,179 8.7 ( 2,483 ) Charges for Services 2,746 2.1 622 Development Fees 2,714 2.1 ( 84 ) ' Other 2.718 2.1 760 ) Total Operating Revenue: $ 87,253 $ 2,955 Gain/(Loss) On Sale Of Land -0- 0.0 ( -0-) Debt Proceeds 27,117 21.2 16,968 Excess Funds From Bond Trustee 18 0.0 18 Operating Transfers In 13,488 10.6 1,183 ,- Miscellaneous ( 51 ) 0.0 649 TOTAL FINANCE SOURCES: $ 127.825 100.0 % $ 24.283 xix r The increase in debt proceeds is due to the Redevelopment Agency's execution of a three year term loan to fund the Mountainside, Monterey Village and Sycamore Springs projects in conjunction with the , Southern California Housing Corporation. This loan is intended to be paid off with bond proceeds that were issued September 1, 1996. The $4.2 million increase in tax revenue is reflected in both additional property tax increment to the , Redevelopment Agency of approximately $2.0 million, and additional sales tax receipts of approximately $1.4 million, as Rancho Cucamonga continues to see a rise in retail and commercial ' facilities both expanding and relocating into our community. The increase in Gain/Loss On Sale Of Land appears above only as a comparison to the Redevelopment Agency's prior year land sale and reveals only that there was no activity in this area for the current fiscal year. , The decrease in Intergovernmental revenues represents both the increase in Motor Vehicle Fee revenues of$335,222 and the decrease of monies (-$2.6 million) received mainly through the special revenue funds of the Metrolink project which is indicative of that project's completion in the prior year. Once again Use of Money and Property increased over the prior year($1.6 million) due almost entirely to increased income from investments. Income from investments was able to increase over the prior year for the second time in approximately six years due to a more stable cash flow and an increase in funds available to invest. A slight increase in developer activity is seen via the rise in revenues from Charges For Services, specifically related to Planning and Engineering fees. EXPENDITURE ANALYSIS During the 1995/96 fiscal year, expenditures and interfund transfers amounted to approximately $111.4 r million which reflects an increase of$6.8 million when compared to the previous fiscal year. The following is a recap of the 1995/96 fiscal year expenditures and interfund transfers by major ' function, including the percentage each function represents of total expenditures, and the increase or (decrease) over the prior year. 1 xx EXPENDITURES BY FUNCTION (amounts in thousands) Increase/ 1995/96 Percent (Decrease) Expenditures Of Total From 1994/95 General Administration $ 8,701 7.8 % $ ( 3,674 ) Public Safety 9.417 8.5 364 Public Safety -Fire 8,951 8.0 ( 130 ) Engineering & Public Works 8,981 8.1 ( 96 ) Community Development 6,489 5.8 ( 676 ) Community Services 3,725 3.3 1,024 Capital Outlay 31,168 28.0 4,937 Debt Service 14.118 17.6 5.515 Total Government Expenditures: $ 97,065 $ 7,264 Operating Transfers Out 14.354 12.9 497 ) LTOTAL EXPENDITURES: $ 111.419 100.0 % 6.767 Capital Outlay increased over the prior year by $4.9 million largely due to the Redevelopment Agency's increased activity in affordable housing projects (+ $10.2 million) and a decrease of$2.1 million when compared to the prior year due to a long term debt reclassification from Capital Outlay to Debt Service. The remaining decrease from prior year of$3.2 million is due to the City's 1994/95 completion of the Metrolink Station General Administration expenditures decreased from the prior year by$3.7 million. The Redevelopment Agency reflects a $1.4 million decrease when compared to the prior year due to a long term debt reclassification from General Administration to Debt Service. The Agency also shows a$1.2 million reduction as the prior fiscal year saw the completion of the initial inventory purchase for the opening ' of the City's new library facility. Another reduction in General Administration is the credit entry of approximately $1.0 million to fiscal year 1995/96 personnel overhead costs in order to appropriately reflect the prepaid contributions at the Public Employees' Retirement System (PERS). It is important ' to note that these prepaid PERS costs do not represent available spendable resources even though they are a component of total assets. The increase in Debt Service is primarily a result of the Redevelopment Agency's above mentioned reclassifications to debt service. Also impacting the Redevelopment Agency's debt service expenditures is the first payment in March 1996 of the three year term loan initiated on August 17, 1995 and mentioned earlier in this report. xxi Community Services shows an increase over prior year of$1.0 million due primarily to a litigation settlement($.7) stemming from a 1989 park site condemnation purchase which was ultimately settled in fiscal year 1995/96. During this time, these funds were held on deposit and reflected as such in the financial statements until final settlement was made in 1995/96 and the funds were released and expenditure recorded. The remaining increase is the result of three grants received by the City's Library Services Department(California Literacy Campaign Grant, the Major Urban Resources Library Grant, and the Weingart Foundation Grant) and some minor increases to Community Service's recreation programs. PROPRIETARY FUND TYPES A. Internal Service Fund The City maintains an internal service fund for Capital Replacement/ Fleet Maintenance. This fund is supported by user charges to customers. Internal service funds account for services to the various departments within the City. The following represents activity during the current (1995/96) and the previous (1994/95) fiscal years: 1994/95 1995/96 (amounts in thousands) Operating Revenues $ 389 $ 327 Non-Operating Revenues 245 414 Operating Transfers In 2.403 500 Total Finance Sources: $ 3,037 $ 1,241 LESS: Operating Expenses 103 ( 76 ) NET INCOME/ (LOSS): 2 934 1 165 The Internal Service Fund (Capital Replacement/Fleet Maintenance) increased its retained earnings by approximately $1.2 million. The fees to the Internal Service Fund are a combination of direct transfers of funds approved during the budgetary process and a formula to recapture vehicle 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 xxii ' tax. This fund accounts for personnel and operating costs directly associated with the operations of this facility. The following represents activity during the current(1995/96)and the previous(1994/95)fiscal years: 1994/95 1995/96 (amounts in thousands) Operating Revenues $ 706 $ 1,053 Non-Operating Revenues 584 207 Operating Transfers In 143 366 Total Finance Sources: $ 1,433 $ 1,626 rLESS: Operating Expenses ( 1,169 ) ( 2,108 ) PLUS: Add Back Depreciation Related To Contributed Capital: 0 419 NET INCOME/(LOSS): 264 63 The Enterprise Fund had a net loss of$62,788 during the 1995/96 fiscal year. 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, 1996 the general fixed assets of the City amounted to $111,622,070. This amount represents the original cost of the assets, net of additions and deductions from July 1, 1995 to June 30, 1996 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 auditor's opinion has been included in the Financial Section of this report. xxiii VII. ACKNOWLEDGMENTS The cover photograph on this 1995/96 Comprehensive Annual Financial Report(CAFR),taken by David A. Gautreau of The Control Room, is the City of Rancho Cucamonga's Public Library facility located at 7368 Archibald Avenue. City library services were implemented in fiscal year 1994/95 with the transfer of San Bernardino County Library Tax revenue to the City and the opening of the City's own facility. The City's library is double the size of the previous County Branch Library and has a collection over 40%greater than the previous branch. The library welcomes an average of 1,000 visitors each day and loans more than %2 million items to its residents each year. 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, Jack Lam, AICP Susan M. Stark City Manager Finance Officer xxiv sms:hd&dsk:wp\cafr696 CITY OF RANCHO CUCAMONGA, CALIFORNIA CITY OFFICIALS JUNE 30, 1996 CITY COUNCIL IName Term Expires William J. Alexander Mayor 1998 Rex Gutierrez Mayor Pro Tem 1996 Paul Biane Councilmember 1996 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 1996) James Frost �. City Clerk(term expires 1996) Debra Adams Redevelopment Agency Manager Linda Daniels Interim Administrative Services Director Linda Daniels rFinance Officer Susan Stark City Planner Brad Buller Building Official Bill Makshanoff City Engineer Joe O Neil Community Service Manager Suzanne Ota ' Library Manager Debra Clark xxv The Rancho Cucamonga Team CrrY wLINCIL (RDA BOARD) ___ CTTY CLERK ___ C[I Y TREASURER (FIRE BOARD) PARK&RECREATION BOARDOFLIBRARY PLANNING! r-------------- COMMISSION TRUSTEES FUST.PRESERVATION _____________- 1 COMMISSION I 1 1 I I I I 1 I I I I I j CITY ATTORNEY CITY(RDA EXEC.DIR.) MANAGER j I I (contract) --- I I I I 1 I I 1 I I X 1 I I X 1 I I I 1 I � ADMINISTRATION � I 1 1 I 1 I I I I I I I 1 I I 1 COMMUNITY I I DEVELOPMENT DEPT. t I I I COMM. LAW FIRE ADMIN. LIBRARY BLDG& ENG/PW& PLANNING SERVICES ENFORCEMENT DISTRICT SERVICES SERVICES SAFETY MAINT � Slvewaad i Lake Lake ArroAtead say Ilk ; app ti� SmGabriel Resemsavoi J �V1 Morris 1 g CUCCAMOO A X16 tits 06 Oledde =� Pasadem /fieseuai r v F210 % Fontaine RL 66 Naito San Remudm Ahmbra FD Q�°� . A L' Ontario Caton Redords Hr. 60 —.—.—.—`� San Ranardro � ' fd ��vaseCanty Ufa, Whittier 60 1. fdtidoLtt y •_•_ Los Co. •' Hwy. 60 South Cale x r Qorge 'Ca .;ppy .f6verside F• DowieyJ t ~ th ' Nerlan Placentio Lakexoad • Lake 0,Lake a ¢ � Malthers Peril itdim BeadLm9 Gorden Oove '�. ) Santa Mo Raew `1 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. Certificate of 1 Achievement for Excellence 1 in Financial Reporting 1 Presented to , City of Rancho Cucamonga, California , For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1995 ' 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 1 systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. ♦ /Z MEDAL > W DND e UT Preside mDrowrox g V Executive Director xxviii 1 1 � � � � � � s � s s s � � s s s s s, ■� -- --------- ------ ---------- - -------------- California Society of Municipal Finance Officers Certificate of Award Outstanding Financial Reporting 1994-95 I Presented to x � i City of Rancho Cucamonga This certy1cate is issued in recognition of meeting professional standards and criteria in reporting which reflect a high level of quality in the annual financial statements and in the underlying accounting system from which the reports were prepared I February 26, 1996 ;J 2 Chair,Pr sional d Technical&andards Commiaee --- `� ``�.•_• ,61 President 86 Dedicated to Excellence in Municipal Financial Management 39 I-- ' This page intentionally left blank. ' t 1 FINANCIAL SECTION z z r r n y O z This page intentionally left blank. z 0 F U W a U z z w 203 North Brea Boulevard Brandon W.Burrows ' MLLanlce Donald L.Parker 1 6 Suite 203 Michael K.Chu hard Brea, CA 92821-4056 David E.Hale 9 (714)672-0022 pI s Retired" Fax (714) 672-0331 Robert C Lance CERTIFIED PUBLIC ACCOUNTANTS Richard C. S chard C.Still Fred J.Lunghard,Jr. City Council 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, 1996 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, 1996, 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 MEMBER CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS ' AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS \\�]���LS'llance Lunghard r City Council ' City of Rancho Cucamonga , 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. August 26, 1996 1 1 1 1 1 oo � M - zwo OF- QF- wgwzF- W This page intentionally left blank. ' 1 1 CITY OF RANCHO CUCAMONGA Exhibit A COMBINED BALANCE SHEET•ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30,1996 PROPRIETARY 'FIDUCIARY ACCOUNT GROUPS GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE General General TOTALS Special Debt Capitalnterna Fixed Long-Term (Memorandum Only) ASSETS AND OTHER DEBITS General Revenue Service Projects Enterprise Service Agency Assets Debt 1996 1 9 9 5 Cash and Investments(Note 3) $26,481,796 $24,187,846 $14,261,260 $65,963,881 $ 289,220 $7,185,599 $10,177,064 $ - $ $148,546,666 $129,413,761 Cash and Investments with trustee(Note 3) - 5,822,459 - - 4,541,108 - - 10,363,567 11,104,892 Restricted cash(Note 3) - - - 7,421,981 - - 7,421,981 7,037,141 Investment-land held for resale(Note 1) - - 10,778,871 10,778,871 10,778,871 Receivables(net of uncollectibles): 2,628,434 2,207,461 605,602 9,885,840 120,532 - 98,676 - 15,546,545 15,844,879 Prepaid PERS costs(Note 4) 1,096,403 - - - - - 1,096,403 Due from other funds(Note 13) 1,415,494 102,751 97859 43,868 - - 1,659,972 7,839,147 , Deposits 8,991 - - 532,250 - - - - - 541,241 1,217,586 Advances to other funds(Notes 6 and 13) 14,772,211 - - 4,290,000 - - - - - 19,062,211 17,868,263 Fixed assets-net book value (Notes 7 and 8) - - 20,547,755 528,828 - 111,622,070 - 132,698,653 130,534,399 Amount available in debt service funds - - - - - - - - 19,519,025 19,519,025 19,908,970 Amount to be provided for retirement of general long-term debt - - - - - - 159,341,866 1599341,866 141,277,880 Total Assets and Other Debits $46,403,329 $26,498,058 $20,787,180 191,494,710 $20,957,507 $7,714,427 $22,238,829 $111,622,070 $178,860,891 $526,577,001 $492,825,789 LIABILITIES,FUND EQUITY AND OTHER CREDITS Liabilities: Accounts payable $ 491,264 $ 979,480 $ 1,169,551 $ 41,117 $ 113,747 $ - $ 66,626 $ - $ - $ 2,861,785 $ 3,057,774 Accrued payroll payable 162,802 305,410 - - 17,067 - 4,923 - 490,202 301,877 Accrued employee benefits(Note 11) 1,230,843 566,850 - - - 1,548,085 3,345,778 3,137,639 Deposits - - - 3,864 - - 7,410,037 - - 7,413,901 6,954,868 Due to other funds(Note 13) 66,160 1,300,511 97,993 128,525 66,783 - - - - 1,659,972 7,839,147 Due to other governments 216,844 611 - - - - 217,455 142,841 Deferred revenue(Notes 6 and 10) 6,453,936 80,079 - - - - 6,534,015 5,731,480 Deferred compensation payable(Nota 16) - - - - - 4,541,108 - 4,541,108 3,779,174 Obligation under capital leases(Note 11) - 149,159 - - 726,181 875,340 979,015 Bond Indenture reserve requirement - - - - 1,457,580 - 1,457,580 1,457,580 Payable to trustee - - - - 8,758,555 - - 8,758,555 8,594,770 Advances from other funds(Notes 11 and 13) 300,000 - - - - - - 18,762,211 19,062,211 17,868,263 Bonds and notes payable(Note 11) - - - - 113,360,000 113,360,000 115,805,000 Developer loans payable(Note 11) 44,464,414 44,464,414 25,066,692 Total Liabilities 8,405,005 3,749,174 1,268,155 173,506 197,597 149,159 22,238,829 178,860,891 215,042,316 200,716,120 Fund Equity: Investment in general fixed assets - - - - - - 111,622,070 - 111,622,070 109,722,920 Contributed capital - - - 20,540,307 - - - 20,540,307 20,522,908 Retained earnings: Reserved(Note 14) - - 7,565,268 - - 7,565,268 6,400,699 Unreserved - - - 219,603 - - - - 219,603 282,391 Fund balances: Reserved(Note 14) 9,886,631 11,845,585 24,604,241 - 46,336,457 41,186,788 Unreserved: Designated(Note 14) 28,111,693 4,721,209 19,433,958 65,450,325 - - - - - 117,717,185 101,042,049 Undesignated 6,182,090 85,067 1,266,638 7,533,795 12,951,914 Total Fund Equity and Other Credits 37,998,324 22,748,884 19,519,025 91,321,204 20,759,910 7,565,268 111,622,070 311,534,685 292,109,669 Total Liabilities, Fund Equity and Other Credits $46,403,329 126,498,058 120,787,180 $91,494,710 $20,957,507 $7,714,427 $22,238,829 $111,622,070 $178,860,891 $526,577,001 $492,825,789 See Notes to FlnanclaFStatements 3 CITY OF RANCHO CUCAMONGA Exhibit B Page i of 2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1996 GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) General Revenue Service Projects 1996 1 9 9 5 Revenues: Taxes $ 21,104,640 $ 13,794,981 $ 17,721,077 $ 4,917,269 $ 57,537,967 $ 53,359,823 Licenses and permits 1,593,576 - - 1,593,576 1,613,580 Fines and forfeits 207,188 84,001 - - 291,189 415,196 Use of money end property 2,294,809 1,147,899 518,052 4,512,235 8,472,995 6,847,563 Intergovernmental 5,383,283 5,796,121 - 11,179,404 13,662,447 Charges for services 1,875,752 870,239 - - 2,745,991 2,123,670 Development fees - 2,713,750 - - 2,713,750 2,797,661 Other 2,602,148 116,119 2,718,267 3,478,201 Total Revenues 35,061,396 24,523,110 18,239,129 9,429,504 87,253,139 84,298,141 Expenditures: Current: General government 4,893,189 1,631,363 283,140 1,893,235 8,700,927 12,374,623 Public safety 9,417,013 - 9,417,013 9,053,236 Public safety•fire protection 8,951,549 - - 8,951,549 9,080,935 Engineering and public works 6,306,375 2,645,840 - 28,752 8,980,967 9,076,883 Community development 2,964,885 3,523,973 - 6,488,858 7,165,128 Community services 1,092,788 2,632,464 - - 3,725,252 2,700,897 Capital outlay 4,132,338 445,858 26,589,859 31,168,055 26,231,344 Debt service: Principal 254,933 161,146 8,452,442 718,239 9,586,760 4,504,304 Interest and fiscal charges 38,596 10,186 6,787,158 3,210,073 10,046,013 9,613,567 Total Expenditures 24,967,779 23,688,859 15,968,598 32,440,158 97,065,394 89,800,917 Excess of Revenues over (under)Expenditures $ 10,093,617 $ 834,251 $ 2,270,531 $ (23,010,654) $ (9,812,255) $ (5,502,776) See Notes to Financial Statements 4 CITY OF RANCHO CUCAMONGA Exhibit 8 Page 2 of 2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1996 GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) General Revenue Service Projects 1 9 9 6 1 9 9 5 Other Financing Sources(Uses): Operating transfers in $ 267,559 $ 1,006,881 $ 9,108,334 $ 3,105,408 $ 13,488,182 $ 12,305,501 Operating transfers out (1,644,636) (374,715) (11,180,810) (1,154,380) (14,354,541) (14,851,301) Gain or(Loss) on sale of land held - - - - (2,509,634) Debt proceeds - - 27,117,351 27,117,351 10,148,814 Excess funds from bond trustee 18,730 - - - 18,730 Miscellaneous 10,141 (588,000) 527,078 (50,781) (699,861) Total Other Financing Sources(Uses) (1,358,347) 642,307 (2,660,476) 29,595,457 26,218,941 4,393,519 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ 8,735,270 $ 1,476,558 $ (389,945) $ 6,584,803 $ 16,406,686 $ (7,109,257) Fund Balances: Beginning of Fiscal Year-as originally reported $ 29,263,312 $ 21,272,068 $ 19,908,970 $ 84,736,401 $ 155,180,751 $155,440,416 Restatements(Note 14) 977,513 Beginning of Fiscal Year-as restated 29,263,312 21,272,068 19,908,970 84,736,401 155,180,751 156,417,929 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses 8,735,270 1,476,558 (389,945) 6,584,803 16,406,686 (1,109,257) Residual Equity Transfer(Note 14) (258) 258 (127921) End of Fiscal Year(Exhibit A) $ 37,998,324 $ 22,748,884 $ 19,519,025 $ 91,321,204 $ 171,587,437 $155,180,751 See Notes to Financial Statements 5 CITY OF RANCHO CUCAMONGA Exhibit C COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 1 of 6 AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1996 GENERALFUND SPECIAL REVENUE FUNDS Variance Variance- Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $20,745,540 $ 21,104,640 $ 359,100 $ 12,953,080 $13,794,981 $ 841,901 Licenses and permits 1,477,600 1,593,576 115,976 Fines and forfeits 309,200 207,188 (102,012) 63,890 84,001 20,111 Use of money and properly 580,000 2,294,609 1,714,809 541,740 1,147,899 606,159 Intergovernmental 4,431,900 5,383,283 951,383 8,869,780 5,796,121 (3,073,659) Charges for services 1,487,060 1,875,752 388,692 891,510 870,239 (21,271) Development fees • - 1,988,340 2,685,361 699,021 Other 2,594,780 2,602,148 7,368 128,110 116,119 (11,991) Total Revenues 31,626,080 35,061,396 3,435,316 25,434,450 24,494,721 (939,729) Expenditures: Current: General government 7,720,712 5,002,867 2,717,845 1,736,712 1,634,636 102,076 Public safety 9,875,715 9,418,045 457,670 - Engineering and public works 7,299,618 6,588,362 711,256 2,707,549 2,645,840 61,709 Community development 3,061,500 3,040,032 21,468 4,370,244 3,529,439 840,805 Community services 1,143,520 1,093,946 49,574 2,235,790 2,641,530 (405,740) Public safety-fire protection 9,142,360 8,951,549 190,811 Capital outlay - - - 10,742,535 8,483,379 2,259,156 Debt service: Principal - 254,933 (254,933) 409,710 161,146 248,564 Interest and fiscal charges 38,596 (38,596) 10,186 (10,186) Total Expenditures 29,101,065 25,436,781 3,664,284 31,344,900 28,057,705 3,287,195 Excess of Revenues over (under)Expend0ures $ 2,525,015 $ 9,624,615 $ 7,099,600 $ (5,910,450) $ (3,562,984) $ 2,347,466 See Notes to Financial Statements 6 CITY OF RANCHO CUCAMONGA Exhibit C Page 2 of 6 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 30,1996 GENERAL FUND SPECIAL REVENUE FUNDS Variance- Variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers In $ - $ 267,559 $ 267,559 $ 1,237,120 $ 1,006,881 $ (230,239) Operating transfers out (1,116,360) (1,644,636) (528,276) (374,715) (374,715) Excess funds from bond trustee - 18,730 18,730 - Loss on sale of lend held - _ Debt proceeds Miscellaneous 10,141 10,141 Total Other Financing Sources(Uses) (1,116,360) (1,358,347) (241,987) 1,237,120 642,307 (594,813) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) 1,408,655 8,266,268 6,857,613 (4,673,330) (2,920,677) 1,752,653 Adjustments: 469,002 469,002 4,368,046 4,368,846 To adjust for encumbrances(Note 1) Excess of Revenues and Other Sources over(under) Expenditures and Other - Uses (GAAP Basis)•Budgetary Classifications 1,408,655 8,735,270 7,326,615 (4,673,330) 1,448,169 6,121,499 Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other 28,389 28,389 Uses for nonbudgeted funds(Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basis) S 1,408,655 $ 8,735,270 $ 7,326,615 $ (4,673,330) $ 1,478,558 $ 6,149,888 Fund Balances: Beginning of Fiscal Year •as originally reported $29,263,312 $ 29,263,312 $ - $ 21,272,068 $21,272,068 $ Restatements(Note 14) - Beginning of Fiscal Year-as restated 29,263,312 29,263,312 - 21,272,068 21,272,068 - Excess of Revenues and Other Sources over(under) Expenditures and Other Uses (GAAP Basis) 1,408,655 8,735,270 7,326,615 (4,673,330) 1,476,558 6,149,888 Residual Equity Transfer(Note 14) - (258) (258) - 258 256 End of Fiscal Year(Exhibit A) $30,671,967 $ 37,998,324 $ 7,326,357 $ 16,598,738 $22,748,884 $ 6,150,146 See Notes to Financial Statements 7 CITY OF RANCHO CUCAMONGA Exhibit C COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 3 of 6 AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1996 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance- Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $ 16,820,300 17,721,077 $ 900,777 $ 4,866,880 $ 4,917,269 $ 50,389 Licenses and permits Fines and forfeits - - Use of money and properly - Intergovernmental 501,899 501,899 66,060 4,512,235 4,446,175 _ Charges for services - - - Development fees - - - Other Total Revenues 16,820,300 18,222,976 1,402,676 4,932,940 9,429,504 4,496,564 Expenditures: Current: General government5,000 283,140 (278,140) 1820610, , 1,837,530 16,920 Public safety ( ) 620,000 55,705 564,295 Engineering and public works - - 217,932 28,752 189,180 Community development - - Community services - - - Public safety-fire protection - - Capital outlay 572,500 530,925 41,575 25,043,990 26,657,729 (1,613,739) Debt service: Principal 8,729,960 8,142,442 587,518 10,440,580 718,239 9,722,341 Interest and fiscal charges 6,997,600 6,698,308 299,292 787,740 3,210,073 (2,422,333) Total Expenditures 16,305,060 15,654,815 650,245 38,930,852 32,508,028 6,422,824 Excess of Revenues over (under) Expenditures $ 515,240 $ 2,568,161 $ 2,052,921 $ (33,997,912) $ (23,078,524) $ 10,919,388 See Notes to Financial Statements 8 CITY OF RANCHO CUCAMONGA Exhibit C Page 4 of 6 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 30,1996 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance. Variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers in $ 8,732,600 $ 8,733,619 $ 1,019 $ 3,256,885 $ 3,105,408 $ (151,477) Operating transfers out (8,736,500) (11,180,810) (2,444,310) (1,154,380) (1,154,380) - Excess funds from bond trustee - - - - - - Loss on sale of land held - - - - - - Debt proceeds - - - 10,543,535 27,117,351 16,573,816 Miscellaneous (588,000) (588,000) 527,078 527,078 Total Other Financing Sources(Uses) (3,900) (3,035,191) (3,031,291) 12,646,040 29,595,457 16,949,417 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) 511,340 (467,030) (978,370) (21,351,872) 6,516,933 27,868,805 Adjustments: To adjust for encumbrances(Note 1) 85,067 85,067 67,870 67,870 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications 511,340 (381,963) (893,303) (21,351,872) 6,584,803 27,936,675 Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other Uses for nonbudgeted funds(Note 1) (7,982) (7,982) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basis) $ 511,340 $ (389,945) $ (901,285) $ (21,351,872) $ 6,584,803 $ 27,936,675 Fund Balances: Beginning of Fiscal Year -as originally reported $ 19,908,970 $ 19,908,970 $ $ 84,736,401 $ 84,736,401 $ - Restatements(Note 14) Beginning of Fiscal Year-as restated 19,908,970 17908,970 84,736,401 84,736,401 - Excess of Revenues and Other Sources over(under) Expenditures and Other Uses (GAAP Basis) 511,340 (389,945) (901,205) (21,351,872) 6,584,803 27,936,675 Residual Equity Transfer(Note 14) End of Fiscal Year(Exhibit A) $ 20,420,310 $ 19,519,025 $ (901,285) $ 63,384,529 $ 91,321,204 $ 27,936,675 See Notes to Financial Statements 9 CITY OF RANCHO CUCAMONGA Exhibit C COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 5 of 6 AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1996 TOTALS(MEMORANDUM ONLY) 1996 1995 Variance- Favorable Budget Actual (Unfavorable) Actual Revenues: Taxes $ 55,385,800 $ 57,537,967 $ 2,152,167 $ 53,359,823 Licenses and permits 1,477,600 1,593,576 115,976 1,613,580 Fines and forfeits 373,090 291,189 (81,901) 415,196 Use of money and property 1,187,800 8,456,842 7,269,042 6,842,704 Intergovernmental 13,301,680 11,179,404 (2,122,276) 13,662,447 Charges for services 2,378,570 2,745,991 367,421 2,123,670 Development fees 1,986,340 2,685,361 699,021 2,797,661 Other 2,722,890 2,718,267 (4,623) 3,478,201 Total Revenues 78,813,770 87,208,597 8,394,827 84,293,282 Expenditures: Current: General government 11,283,034 8,758,173 2,524,861 12,431,323 Public safety 10,495,715 9,473,750 1,021,965 9,054,464 Engineering and public works 10,225,099 9,262,954 962,145 9,295,707 Community development 7,431,744 6,569,471 862,273 7,197,521 Community services 3,379,310 3,735,476 (356,166) 2,706,187 Public safety-fire protection 9,142,360 8,951,549 190,811 9,080,935 Capital outlay 36,359,025 35,672,033 686,992 26,236,148 Debt service: Principal 19,580,250 9,276,760 10,303,490 4,504,304 Interest and fiscal charges 7,785,340 9,957,163 (2,171,823) 9,613,567 Total Expenditures 115,681,877 101,657,329 14,024,548 90,120,156 Excess of Revenues over (under) Expenditures $ (36,868,107) $ (14,448,732) $ 22,419,375 $ (5,826,874) See Notes to Financial Statements 10 W M = = = M CITY OF RANCHO CUCAMONGA Exhibit C Page 6 of 6 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 30,1996 TOTALS(MEMORANDUM ONLY) 1996 1995 Variance- Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Actual Operating transfers In $ 13,226,605 $ 13,113,467 $ (113,138) $ 12,305,501 Operating transfers out (11,007,240) (14,354,541) (3,347,301) (14,851,301) Excess funds from bond trustee - 16,730 18,730 - Loss on sale of land held - - - (2,508,634) Debt proceeds 10,543,535 27,117,351 16,573,816 10,148,814 Miscellaneous (50,781) (50,781) (699,861) Total Other Financing Sources(Uses) 12,762,900 25,844,226 13,081,326 4,393,519 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) (24,105,207) 11,395,494 35,500,701 (1,433,355) Adjustments: To adjust for encumbrances(Note 1) 419901785 4,990,785 319,239 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications (24,105,207) 16,386,279 40,491,486 (1,114,116) Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other Uses for nonbudgeted funds(Note 1) 20,407 20,407 4,859 Excess of Revenues and Other Sources over (under)Expenditures and Other Uses(GAAP Basis) $ (24,105,207) $ 16,406,686 $ 40,511,893 $ (1,109,257) Fund Balances: Beginning of Fiscal Year -as originally reported $155,180,751 $155,180,751 $ - $155,440,416 Restatements(Note 14) 977,513 Beginning of Fiscal Year-as restated 155,180,751 155,180,751 156,417,929 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis) (24,105,207) 16,406,686 40,511,893 (1,109,257) Residual Equity Transfer(Note 14) (127,921) End of Fiscal Year(Exhibit A) 1131,075,544 S 171,587,437 $ 40,511,893 $155,180,751 See Notes to Financial Statements 11 CITY OF RANCHO CUCAMONGA Exhibit D STATEMENT OF REVENUES,EXPENSES AND CHANGES IN RETAINED EARNINGS PROPRIETARY FUND TYPE ENTERPRISE AND INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Enterprise Internal Service TOTALS Sports Vehicle Year ended June 30, Operating Revenues: Complex Replacement 1 9 9 6 1 9 9 5 Charges for services $ 607,170 $ 326,620 $ 933,790 $ 776,593 Rents 445,489 445,489 317,942 Total Operating Revenues 1,052,659 326,620 1,379,279 1,094,535 Operating Expenses: Salaries and benefits 766,149 - 766,149 581,364 Administrative costs 1,967 - 1,967 6,926 Maintenance and operations 543,689 - 543,689 323,487 Contractual services 371,602 - 371,602 257,566 Vehicle and equipment maintenance 5,413 5,413 Depreciation 424,662 70,471 495,133 526,031 Total Operating Expenses 2,108,069 75,884 2,183,953 1,695,374 Operating Income(Loss) (1,055,410) 250,736 (804,674) (600,839) Nonoperating Revenues: Interest income 36 413,833 413,869 245,190 Taxes 202,733 202,733 168,219 Miscellaneous 4,415 4,415 416,667 Total Nonoperating Revenues 207,184 413,833 621,017 830,076 Net Income(Loss)Before Operating Transfers (848,226) 664,569 (183,657) 229,237 Operating transfers In 366,359 500,000 866,359 2,545,800 Net Income(Loss) (481,867) 1,164,569 682,702 2,775,037 Add back depreciation related to contributed capital 419,079 419,079 419,079 Increase(Decrease) in Retained Earnings $ (62,788) $1,164,569 $ 1,101,781 $ 3,194,116 Retained Earnings: Beginning of Fiscal Year-as originally reported $ 282,391 $6,400,699 $ 6,683,090 $ 3,560,532 Restatement(Note 14) - (71,558) Beginning of Fiscal Year-as restated 282,391 6,400,699 6,683,090 3,488,974 Increase(Decrease) In Retained Earnings (62,788) 1,164,569 1,101,781 3,194,116 End of Fiscal Year(Exhibit A) $ 219,603 $7,565,268 $ 7,784,871 $ 6,683,090 See Notes to Financial Statements 12 CITY OF RANCHO CUCAMONGA Exhibit E COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Enterprise Internal Service TOTALS Sports Vehicle Year ended June 30, Cash Flows from Operating Activities: Complex Replacement 1 9 9 6 1 9 9 5 Operating Income(Loss) (Exhibit D) $ (1,055,410) $ 2501736 $ (804,674) $ (600,839) Adjustment to reconcile Operating Income to Net Cash: Depreciation 424,662 70,471 495,133 526,031 Adjustment to retained earnings (94,005) Miscellaneous income 4,415 - 4,415 50,000 Changes in Assets and Liabilities: (Increase)decrease In taxes receivable - - - 30,963 (Increase)decrease in accounts receivable (21,472) - (21,472) 323,541 Increase(decrease)In due from other funds - 15,000 15,000 505,091 Increase(decrease) in accounts payable 17,689 - 17,689 48,484 Increase(decrease) in accrued payroll payable 4,676 149,159 153,835 (471) Increase(decrease) in due to other funds 66,783 66,783 (498,219) Total Adjustments 496,753 234,630 731,383 891,415 Net Cash Provided (Used)by Operating Activities (558,657) 485,366 (73,291) 290,576 Cash Flows from Noncapital Financing Activities: Taxes 202,733 - 202,733 168,219 Operating transfers in 366,359 500,000 866,359 2,545,800 Net Cash Provided (Used)by Noncapital Financing Activities 569,092 500,000 1,069,092 2,714,019 Cash Flows from Capital and Related Financing Activities: Principal payments on capital leases - - (25,944) Acquisition of fixed assets (28,041) 295,718 (323,759) (233,020) Net Cash Provided(Used)by Capital and Related Financing Activities (26,041) (295,718) (323,759) (258,964) Cash Flows from Investing Activities: Interest on investments 36 413,833 413,869 245,190 Net Cash Provided(Used)by Investing Activities 36 413,833 413,869 245,190 Net Increase(Decrease)In Cash and Investments (17,570) 1,103,481 1,085,911 2,990,821 Cash and Investments at Beginning of Year 306,790 6,082,118 6,388,908 3,398,087 Cash and Investments at End of Year(Exhibit A) $ 289,220 $7,185,599 $ 7,474,819 $ 613881908 SCHEDULE OF NONCASH TRANSACTIONS There were no non-cash transactions during the fiscal year. See Notes to Financial Statements 13 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS JUNE 30, 1996 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 not available for the District. 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 14 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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. Fiduciary Fund Types Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other governmental units, and/or other funds. 15 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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. 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 16 W1 r r r r r r r City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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 (if 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. 17 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Engineering and Public Works includes all maintenance, engineering and capital improvements which relate to streets, sewers, parks, flood control and other public facilities. Community Development includes those activities which involve planning and redevelopment as well as building and safety. Community Services includes those activities which involve the providing of recreational, cultural and educational services. d. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement. All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in those funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of money and property, interfund transfers, unbilled service receivables and intergovernmental revenue are all considered measurable and are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part, not susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities) and thus do not involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis with the exception of the City's 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 list to June 30th. All secured personal property taxes and one-half of the taxes on real property are due November 1st; the second installment is due February 1st. All taxes are delinquent, if unpaid, on December 10th and April 10th respectively. Unsecured personal property taxes become due on the first of March each year and are delinquent, if unpaid, on August 31 st. 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 18 r M r r s r r City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) recognition criteria has been met are reported as deferred revenue, a liability account. Such resources not received are reported as a receivable if the revenue recognition criteria has been met. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred; principal and interest on general long-term debt is recognized when due. All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned and become measurable, expenses are recognized when they are incurred if measurable. e. Budgetary Data General Budget Policies The City Council approves each year's budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the Council. Supplemental appropriations, where required during the period, are also approved by the Council. There were several supplemental appropriations required during the year. 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. 19 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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: Excess of Revenues and Other Sources over (under) Expenditures and Other Uses Special Revenue Fund Type: SB 300 $ San Sevaine/Etiwanda Drainage 28,389 800 Mhz Radio FETSIM Grant SBA Tree Grant Total Special Revenue Fund Type $ 28.389 Debt Service Fund Type: Public Improvement Corporation $ 982 Total $ 20A07 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. 20 City of Rancho Cucamonga Notes to Financial Statements(Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Investments Investments are stated at cost. At June 30, 1996, 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 reported in the General Long-Term Debt Account Group. The short-term liability which will be liquidated with expendable available financial resources is the amount of settlement reached, but unpaid, related to claims and judgments entered. At June 30, 1996, 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, 1996, there are no material incurred but unreported claims against the City. 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. 21 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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 13 retirees was $56,016 for fiscal year 1995-96. II. STEWARDSHIP Note 2: Stewardship, Compriance and Accountability a. There were no funds which contained deficit fund balances as of June 30: b. Excess of expenditures over appropriations in individual funds at the departmental level are as follows: General Fund: Expenditures Appropriations Excess General government: Engineering and Public Works Traffic management $ 251,967 $ 221,970 $ 29,997 Construction management 393,453 346,740 46,713 Community development Building and safety 1,799,292 1,794,440 4,852 22 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 2: Stewardship, Compliance and Accountability (Continued) Expenditures Appropriations Excess Special Revenue Funds: Gas Tax Engineering and public works 1,679,559 1,597,630 81,929 SS 325 Engineering and public works 41,650 23,410 18,240 Capital outlay 170,769 138,100 32,669 Park Development Community services 805,415 36,620 768,795 Beautification Engineering and public works 146,834 145,270 1,564 Drainage Facilities Engineering and public works 38,378 38,150 228 Debt Service Funds: Redevelopment Agency General government 283,140 5,000 278,140 Capital Projects Funds: Redevelopment Agency General government 1,837,530 1,820,610 16,920 Public safety 26,657,729 25,043,990 1,613,739 Interest and fiscal charges 3,210,073 787,740 2,422,333 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: 23 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Cash on hand $ 5,300 Pooled Cash and Deposits 39,023,107 Pooled Investments 86,858,674 Investment in State Treasury's Investment Pool 33,838,790 Investment with Trustee - Money Market 5,822,459 Deferred Compensation - Unclassified 783.884 Total Cash and Investments $ 166.332.214 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). 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 certification, 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. 24 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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, 1996 is $4,541,108. The City has two plans. One plan is held in savings accounts where each participant is insured up to $100,000. The other plan 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 $ 9,415,380 $ - $ 9,720,880 $ 8,945,651 Deferred Compensation 3,570,800 186,424 - 3,757,224 3,757,224 Certificates of Deposit 600.000 25.725.532 - 26.325.532 26 325.532 Totals $ 4 476 300 $ 35.327.336 $ Q $ 39.803.636 $ 39.028.407 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 25 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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 broker's 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. Category Carrying Market City Investments: 1 2 3 Amount Value U.S. Government Securities $ 37.021.799 $ 49.836.875 $ _ $ 86.858.674 $ 85.984 507 Total City Investments $ 37.021.799 $ 49.836 875 $ — $ 86.858.674 $ 85.984.507 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. There is no established market for the City's share of this pool and thus no market value can be disclosed. Investment in State Treasury's Investment Pool $ 33.838.790 Investment with Trustee Amounts invested with Trustee in mutual funds 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 Amount Market Value Investments with Trustee - Mutual Funds $ 5.822.459 $ 5.822.459 26 W M M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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 category. The remainder is held in deposits and is classified above. In accordance with GASB pronouncements these have been recorded at market value. Deferred Compensation $ 783.884 Note 4: Prepaid PERS costs The City has prepaid contributions with PERS in the amount of $1,096,403. This amount can be utilized to offset employer contributions in fiscal year 1996-97. 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 $ 548,585 Park Bond Acts 133,914 State Department of Transportation 1,121,268 State Department of Parks and Recreation - Police Resource 119.145 Total $ 1922.912 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, 1996 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 $6,450,985 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. 27 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 7: Changes In General Fixed Assets A summary of changes in general fixed assets follows: Restated Balance Balance Balance June 30, 1995 Restatement June 30, 1995 Additions Deletions June 30, 1996 Purchased/Contributed Assets: Land $ 39,659,983 $ (4,351,015) $ 35,308,968 $ 6,571 $ - $ 35,315,539 Building improvements 72,007,224 (17,163,195) 54,844,029 104,842 54,948,871 Improvements other than buildings 55,711 55,711 55,711 Equipment and vehicles 13,363,397 (13,769) 13,349,628 1,678,145 638,438 14,389,335 Furniture and fixtures 3,374,652 (16,610) 3,358,042 10,534 - 3,368,576 Construction-in-progress 2.806,542 2,806.542 807.519 70,023 3.544 038 Total $ 131.267.509 $ {21.544.5891 $ 109.722.920 $ 2.607.611 $ 708.461 $ 111.622 070 The adjustments above relate to the contribution of the sports complex from the general fixed asset account group to the Sports Complex Fund (Proprietary Fund Type). 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 17,203,656 1,047,896 16,155,760 Automotive equipment 5 years 24,650 5,764 18,886 Other equipment 5-10 years 29,787 7.693 22.094 Total $ 21.609.108 $ 1.061.353 $ 20.547.755 28 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 8: Proprietary Fund Fixed Assets (Continued) Allowance Estimated Fixed for Net Useful Life Assets Depreciation Book Value Internal Service: Purchased assets: Automotive equipment 5 years $ 1,059,201 $ 764,417 $ 294,784 Other equipment 5-10 years 279,735 78,673 201,062 Assets acquired through capital leases - equipment 5-10 years 294.745 261.763 32.982 Total $ 1633.681 $ 1.104.853 $ 528.628 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 acts 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, 1996 were as follows: city Fire District Total Total Payroll $ 12,268,309 $ 5,669,336 $ 17,937,645 Covered Payroll 10,845,636 4,236,724 15,082,360 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 life, 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. 29 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) 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 Category Percentage of Wages Local miscellaneous members 7 % Local safety members with benefits under Article 21252.01 9 aha Local safety members with benefits under Article 21252.6 7 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. 30 MW MM WIMM MIM, City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) 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 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 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 contributions including allocated investment earnings 7,521,870 4,692,342 12,214,212 Employer-financed vested $ 4,499,905 $ 5,608,154 $ 10,108,059 31 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) Employer-financed City Fire District Total nonvested $ 190.062 $ 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, 1996 were made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1995. The contribution consisted of the following: 32 �' am M i 1i� /� Ili iJ i a i r � � it �! I• i i i i � City of Rancho Cucamonga Notes to Financial Statements (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 Payroll 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 62254 0.584( 7.1361 021) 1( .961) (0.55) 111351 10.67) Total $ 1.485.398 13.69 % $ 806.814 2078. % $ 43.235 12.22 % $ 2.335.447 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. Systemwide ten-year trend information is not yet available. See comments above relating to change in valuation of assets. Nine-year trend information for the City and the Fire District were as follows: 33 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) (Amounts In thousands) 1986.87 1987-88 1988-69 1989-90 1990.91 1991-92 1992-93 1993-94 1994-95 Net assets available for benefits City $ 3,629.3 $ 4,289.8 $ 5,213.2 $ 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 8,832.010,407.8 11,983.7 Total $ 8,094.5 $ 9,405.7 15,519.3 17,502.0 $ 11,443.6 $ 14,604.3 $ 17,670.4 1 21,510.7 $ 25,355.4 $ 33,267.4 $ 37,663.7 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 11,297.3Total $ 6,818.9 $ 8,391.8 14,033.5 , . ,546.2 $ 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 $ 1,014.1 $ 734.3 $ 705.6 $ 344.0 $ 3,172.6 $ 10,240.0 $ 9,603.4 Annual covered payroll CRY $ 3,892.1 $ 5,318.0 $ 7,037.8 $ 8,515.4 $ 10,546.3 $ 10,507.8 $ 9,935.4 $ 10,415.5 $ 10,645.6 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% 34 w M a �. Mae " MM M City of Rancho Cucamonga Notes to Financial Statements(Continued) Note 9: Pension Plan Obligations(Continued) For the fiscal year 1995-96, 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, 1996 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 $2,951 which have not yet been earned $ 6,453,936 Special Revenue Funds - Revenue collected in advance for Fuel Efficient Traffic Management 154 Special Revenue Funds - grant revenue received in excess of grant expenditures for California Literacy Campaign 10,961 Special Revenue Funds - development fees collected in advance from various developers for future improvement projects. They are reported as follows: Beautification $ 65,396 Drainage Facilities 3.568 68,964 Total $ 6 534 015 Note 11: Long-Term Debt a. A description of individual components of long-term debt outstanding as of June 30, 1996 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 35 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Terre Debt (Continued) 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 September 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 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 36 L. Imm W MONOllm do = it t City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Tenn Debt(Continued) 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-annually 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 Seotember 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. 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 37 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Tenn Debt(Continued) with (i) the Chino Basin Municipal Water District, (ii) the County of San Bernardino on behalf of the County Free Library and the San Bernardino County Flood Control District, (iii) the Cucamonga County Water District, (iv) 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). 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, 1997 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 38 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Terre Debt(Continued) 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. 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. 5. 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 September 1, 1998. The loan is intended to be paid off with bond proceeds which were issued September 1, 1996 (See Note 19). 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, Special Revenue and Agency funds, the accounting for these transactions has recorded each individually rather than offsetting this loan against amounts advanced from the City. The facility was fully occupied in fiscal year 1990-91. The City has not repaid any part of this loan. Capital Lease Obligation: 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, 1996. 39 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Tenn Debt (Continued) Fiscal Year Long-Term Debt Account Group 1996-97 1997-98 $ 114,580 1998-99 114,580 1999-2000 43,072 2000-2001 42,376 34.558 Total Minimum Lease Payments $ 349,166 Less: Amount Representing Interest 32.985 Present Value of Net Minimum Lease Payments $ 316.181 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, 1996: Fiscal Year City Fire District Total 1996-97 $ 63,775 $ 35,278 $ 428,803 1997-98 65,715 33,578 99,053 1998-99 67,215 36,828 99,293 1999-2000 63,310 34,698 104,043 2000-2001 64.350 37.538 101.888 Total Minimum Lease Payments $ 324,365 $ 177,920 $ 931,088 Less: Amount Representing Interest 59.365 32.920 146.088 Present Value of Net Minimum Lease Payments $ 265.000 $ 145.000 $ 785.000 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. 40 r �irr r lam, r m mono im- so mom � a � � � �■ � � � � � � � es r res � � �■ City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Tenn Debt(Continued) 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 Certificates of Participation - California Cities Financing Corporation 6.390.000 Total Defeased $118.415.000 c, The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1996: Outstanding Outstanding July 1. 1995 Adjustments Additions Repayments June 30, 1996 Certificates of Participation: Public Improvement Corporation $ 1.380.000 $ $ $ 310.000 $ 1.070,000 Bonds: Tax Allocation Bonds - 1990 Issue $ 51,960,000 $ $ $ 965,000 $ 50,995,000 Tax Allocation Bonds - 1994 Issue 61.815.000 1.070.000 60.745,000 Total Bonds $ 113.775.000 $ $ $ 2.035.000 $ 111.740.000 Developer Loans $ 13.685,137 $ 11.381.555 $ 21.000.000 $ 1.602,278 $ 44.464.414 Advances from Other Funds: City of Rancho Cucamonga $ 4,290,000 $ - $ - $ - $ 4,290,000 Rancho Cucamonga Redevelopment Agency 13.578.263 6,117.351 5.223.403 14.472,211 Total Advances to Other Funds $ 17.868.263 $ $ 6.117.351 $ 5.223.403 $ 18,762.211 Obligation Under Capital Leases $ 979.015 $ $ 188.870 $ 441.704 $ 726.181 Note Payable - County Agreement $ 650.000 $ $ $ 100.000 $ 550.000 Accrued Employee Benefits $ 1.467.880 $ $ 80.205 $ $ 1.548.085 Total Long-Term Debt Account Group $ 149.805.295 $ 11.381.555 $ 27.386.426 $ 9.712.385 $ 178.860.891 The adjustments above related to recording the Federal Bureau of Reclamation Loan which was previously omitted. 41 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Tenn Debt(Continued) d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June 30, 1996: Developer Loans and City Fiscal Year Bonds Notes Loans Total 1996-97 $ 9,128,262 $ 23,054,117 $ 18,762,211 $ 50,944,590 1997-98 9,121,942 3,703,229 - 12,825,171 1998-99 9,122,666 2,135,729 - 11,258,395 1999-2000 8,721,694 2,085,729 - 10,807,423 2000-2001 8,714,498 2,085,729 - 10,800,227 Later years 237.242.458 15.815.172 253.057,630 Total Debt Service $ 282,051,520 $ 48,879,705 $ 18,762,211 $ 349,693,436 Total Interest 169.241.520 3.865.291 173.106.811 Total Principal $ 112.810.000 $ 4545 0 $ 18.762.211 $ 176,586,625 Other Debt: Accrued employee benefits 1,548,085 Obligations under capital leases 726.181 Total Long-Term Debt Principal $ 178.860.891 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, 1996 plus matured interest due at that date. As mentioned previously, bonds were issued September 1, 1996 to retire a loan from Sanwa Bank (See Note 19). Therefore, it has been shown as due in fiscal year 1996-97. Other developer loans do not have a fixed amortization as debt service payments are based on tax revenue collections. For 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 bands: 42 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 12: Other Special Obligations (Continued) Original Amount Rancho Cucamonga-Palmdale-Porterville-Colton 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 4,825,000 Community Facilities District 88-2 2.920.000 Total $62.213.068 Note 13: Interfund Receivables and Payables The individual fund interfund receivable and payable balances at June 30, 1996 are as follows: Interfund Interfund Due from/to other funds: Receivables Payables General Fund $ 1,415,494 $ 66,160 Special Revenue Funds: Park Bond Act - 196,476 Community Development Block Grant - 241,625 SB 140 - 315,994 Masi Commerce Center - 4,937 Library Service - 117,466 Metrolink - 1,088 Used Oil Recycling Grant - 15,647 Fire District 102,751 407,278 43 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Interfund Interfund Due from/to other funds: Receivables Payables Debt Service Funds: Redevelopment Agency 97,859 97,931 Capital Projects Funds: Redevelopment Agency 43,868 128,525 Proprietary Fund: Sports Complex 66.783 Total $ 1.659.972 $ 1.659.972 Advances from/to other funds: General Fund $14,772,211 $ - 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 18,762,211 Total $19.062.211 $19.062.211 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. 44 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 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 $ 469.002 Special Revenue Funds: Gas Tax $ 549,323 SB 325 49,000 Recreation 1,517 Park Development 139,176 Beautification 9,077 Lighting District 1,298 Landscape Maintenance District 394,930 System Development 5,880 Park Bond Act 167,697 Community Development Block Grant 56,920 Assessment Administration 1,975 SB 140 309,543 Air Quality Improvement 32,773 Measure 1 2,636,767 Library Services 250 Metrolink 4,136 California Literacy Campaign 8.584 Total Special Revenue Funds $ 4.368.846 Capital Projects Funds: Redevelopment Agency $ 68.870 Total Reserve for Encumbrances $ 4.905.718 45 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 3. Reserved for Land Acquisition: Special Revenue Funds: Fire District $ 300.000 4. Reserved for Employee Leave Pay Outs: Special Revenue Funds: Fire District $ 288.160 5. Reserved for Radio System: Special Revenue Funds: Fire District $ 50.000 6. Reserve for Land Held for Resale: Capital Projects Funds: Redevelopment Agency $ 10.778.871 7. Reserved for Future Fire Station: Special Revenue Funds: Fire District $ 1.692.910 8. Reserved for Capital Projects: Special Revenue Funds: Landscape Maintenance District $ 3,438,111 Lighting Maintenance District 566,587 Fire District 30.000 Total Reserve for Capital Projects $ 4.034.698 9. Reserved for Long-Term Loans Receivable Capital Projects Funds: Redevelopment Agency $ 9.467.500 46 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 10. Reserved for Vehicle and Equipment Replacement: Special Revenue Funds: Gas Tax $ 161,930 Fire District 949.041 $ 1,110,971 Internal Service Fund 7.565.268 Total Reserved for Vehicle and Equipment Replacement $ 8.676.239 11. Prepaid PERS Costs: General Fund $ 1.096.403 Total Reserved $ 53.901.725 Description of Reserves: 1. Reserve for Advances to Redevelopment Agency This reserve is used to indicate that the long-term portion of Advances to Redevelopment Agency 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 Acquisition This reserve represents amounts specified by the Fire District for future fire station land acquisition and by redevelopment agency for project area land acquisition. 4. Reserve for Employee Leave Pay Outs This reserve represents amounts segregated to aid in paying Fire District termination benefits of employees (vacation, sick, etc.). 47 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 5. Reserve for Radio System This reserve represents amounts segregated to aid in making future lease payments by the Fire District for the radio system described in Note 11 to the financial statements. 6. 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. 7. Reserve for Future Fire Station This reserve represents amounts segregated by the Fire District for use in constructing a fire station. S. 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. 9. 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. 10. Reserve for Vehicle and Equipment Replacement This reserve represents amounts segregated by the Fire District for use in future vehicle and equipment replacement. 11. 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 b. Unreserved - Designations The City has established certain designations to indicate tentative managerial plans or intent. Designated for Self Insurance General Fund $ 5,064,630 Designated for changes in economic circumstances General Fund 9,086,100 48 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity(Continued) Designation for working capital General Fund $ 1,352,500 Special Revenue Funds: Lighting Districts 475,453 Landscape Maintenance Districts 3,135,981 Library Services 63,375 Fire District 1,046.400 6,073,709 Designated for Continuing Projects Capital Projects Funds: Redevelopment Agency 65,450,325 Designation for Long-Term Employee Leave Pay Outs General Fund 1,824,140 Designation for Future Computer Equipment General Fund 3,250,000 Designation for Integrated Waste Management General Fund 534,078 Designation for Booking Fees General Fund 600,000 Designation for City Facilities Capital Repairs General Fund 4,264,645 Designation for Law Enforcement General Fund 1,000,000 Designation for County Library Agreement General Fund 300,000 Designation for Lions East and West Renovation General Fund 835,600 49 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Designated for Debt Service Debt Service Funds: Public Improvement Corporation $ 288,751 Redevelopment Agency 19.145.207 Total Designated for Debt Service 19.433.958 Total $ 117.717.185 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 prior sales tax receivable due to GASB 22 implementation $ 917,550 Restate prior year's accounts receivable 16.795 Total General Fund $ 934.345 Special Revenue Funds: Gas Tax Fund: Restate prior years' revenue for monies erroneously deposited in Vehicle Replacement Fund $ 119,950 Systems Development Fund: Restate prior year's grants receivable (76,581) SBA Tree Grant Fund: Restate prior year's grants receivable (201) Total Special Revenue Funds $ 43.168 Total Governmental Funds $ 977.513 50 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Enterprise Funds: Sports Complex: Restate prior fixed assets balances which were originally recorded in the General Fixed Assets Account Group $ 26,396 Restate prior accumulated depreciation (3.949) Total Enterprise Fund $ 22.447 Internal Service Fund: Vehicle Replacement Fund: Restate prior years' revenue for monies erroneously received as they should be Gas Tax Fund revenue $ (119,950) Correct capital lease payment recording 25.945 Total Internal Service Fund $ ) Total Proprietary Funds $ 7558) Agency Funds: The prior year's column of the Combining Balance Sheet - AII Agency Funds has been restated to include Assessment District 93-3 which was erroneously reported as a special revenue fund in prior years. d. Residual Equity Transfers During 1995-96 Special Revenue Funds, 800Mhz Radio and SBA Tree Grant, were closed out by making a residual equity transfer from the General 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. 51 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 15: Summary Disclosure of Self-Insurance Contingencies (Continued) Claims expenditures and liabilities are reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported. The City funds all claims payable, including those Incurred but not reported, in the yearly deposit it pays to PARSAC. 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 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, 1996, 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 three 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 offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all employees, permits them to defer a portion of their salary until future years. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are (until paid or made available to the employee or other beneficiary) solely the property and rights of the City (without being restricted to the provisions of the benefits under the plan), subject only to the claims of the City's general creditors. Participants' rights under the plan are equal to those of general creditors of the City in an amount equal to the fair market value of the deferred account for each participant. It is the opinion of legal counsel that the City has no liability for losses under the plan but does have the duty of due care that would be required of an ordinary prudent investor. As of June 30, 1996 the following balances of assets and liabilities were present: 52 M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 16: Deferred Compensation Plan (Continued) Carrying Amount (Market Value) Total Assets $ 4.541.108 Liability to Plan Participants $ 4.541.108 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 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. 53 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 18: Segment Information - Enterprise Fund (Continued) Sports Complex Operating revenues $ 1,052,659 Depreciation 424,662 Operating income (loss) (1,055,410) Operating transfers in 366,359 Tax revenues 202,733 Net income (loss) (481,867) Contributed capital 20,906,974 Additions to contributed capital: Property, plant, and equipment (net of accumulated depreciation) 20,547,755 Additions to property, plant and equipment 464,519 Net working capital 212,155 Total assets 20,957,507 Total equity 20,759,910 b. Reconciliation of Contributed Capital Sports Complex Beginning balance $20,889,575 Additions 436,478 Depreciation related to contributed capital (419.079) Ending Balance $ 20.906.974 VI. SIGNIFICANT EFFECTS OF SUBSEQUENT EVENTS Note 19: Bonds Issued by Redevelopment Agency On September 1, 1996, the Agency issued 1996 Housing Set-Aside Tax Allocation Bonds in the amount of $37,665,000. Proceeds of this issue were to be used to repay existing loans to Sanwa Bank in the amounts of $28,710,670 and to complete projects for which those loans were originated. The bond issue consists of $8,970,000 of serial bonds with maturities beginning September 1, 1997 through September 1, 2006 and $28,695,000 of term bonds maturing thereafter. 54 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 20: Recent Legislation During 1995, the California Supreme Court issued a decision which reinstated California's Proposition 62's voter - approval requirement for general taxes. As a result of this ruling, questions have arisen regarding the ability of general law cities to continue to assess utility user and other form of taxes which were not approved by the voters. Also, recently the voters approved proposition 218 which required that certain forms of taxes to be approved by the voters. As of the date of this report a determination of whether future collection of this tax can continue can not be determined. 55 This page intentionally left blank. , ('3WZLLJ LL. � ZC] �■ M = M OM, � � � � � � � � � � ■� � � � � � � � i x v �� 0 .� 5 a CITY OF RANCHO CUCAMONGA Schedule 1 BALANCE SHEET GENERALFUND JUNE 30, 1996 TOTALS A S S E T S June 30, 1996 1995 Cash and investments $ 26,481,796 $ 17,723,257 Receivables(net of allowance for uncollectibles): Taxes 1,490,583 1,323,049 Accounts 887,709 579,924 Interest 250,142 241,586 Due from other funds 1,415,494 6,085,323 Prepaid PERS costs 1,096,403 - Deposits 8,991 8,991 Advances to other funds 14,772,211 13,578,263 Total Assets $ 46,403,329 $ 39,540,393 LIABILITIES AND FUND BALANCES Uabllitles: Accounts payable $ 491,264 $ 1,212,870 Accrued payroll payable 162,802 9,126 Accrued employee benefits payable-current 1,230,843 1,107,092 Due to other funds 66,160 2,390,957 Deferred revenue 6,453,936 5,557,036 Total Liabilities 8,405,005 10,277,081 Fund Balances: Reserves: Reserved for encumbrances 469,002 306,465 Reserved for prepaid PERS costs 1,096,403 - Reserved for capital projects - 105,193 Reserved for advances to other funds 8,321,226 8,021,226 Unreserved: Designated for self-Insurance 5,064,630 2,716,770 Designated for future computer equipment 3,250,000 1,700,000 Designated for County Library agreement 300,000 - Designated for Lions East and West renovation 835,600 - Designated for employee leave pay outs 1,824,140 1,625,000 Designated for Integrated waste management 534,078 757,714 Designated for booking fees 600,000 562,697 Designated for city facilities'capital repairs 4,264,645 3,500,000 Designated for changes in economic circumstances 9,086,100 8,720,000 Designated for law enforcement 1,000,000 300,000 Designated for working capital 1,352,500 948,247 Undesignated Total Fund Balances 37,998,324 29,263,312 Total Liabilities and Fund Balances $ 46,403,329 $ 39,540,393 56 CITY OF RANCHO CUCAMONGA Schedule 2 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1996 TOTALS Year ended June 30, 1 Revenues: 996 1995 Taxes $ 21,104,640 $19,828,422 Licenses and permits 1,593,576 1,613,580 Fines and forfeits 207,188 352,046 Use of money and property 2,294,809 1,783,197 Intergovernmental 5,383,283 5,199,377 Charges for services 1,875,752 1,266,483 Other 2,602,148 3,401,518 Total Revenues 35,061,396 33,444,623 Expenditures: Current: General government 4,893,189 5,997,950 Public safety 9,417,013 9,053,236 Engineering and public works 6,306,375 6,196,121 Community development 2,964,885 2,755,800 Community services 1,092,788 1,050,641 Debt service: Principal 254,933 230,944 Interest and fiscal charges 38,596 48,300 Total Expenditures 24,967,779 25,332,992 Excess of Revenues over(under) Expenditures 10,093,617 8,111,631 Other Financing Sources(Uses): Operating transfers in 267,559 28,818 Operating transfers out (1,644,636) (2,545,800) Excess funds from bond trustee 18,730 Total Other Financing Sources(Uses) (1,358,347) (2,516,982) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses $ 8,735,270 $ 5,594,649 Fund Balances: Beginning of Fiscal Year -as previously reported $ 29,263,312 $22,734,318 Restatements 934,345 Beginning of Fiscal Year-as restated 29,263,312 23,668,663 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 8,735,270 5,594,649 Residual equity transfers (258) End of Fiscal Year(Schedule 1) $ 37,998,324 $29,263,312 57 CITY OF RANCHO CUCAMONGA Schedule 3 Pagel of 5 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL (BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, 1996 1995 variance- Favorable Budget Actual (Unfavorable) Actual Revenues: Property taxes $ 1,671,630 $ 1,772,721 $ 101,091 $ 1,727,482 Othertaxes: Property transfer tax 215,000 231,025 16,025 234,698 Transient occupancy tax 110,000 120,124 10,124 127,061 Sales and use taxes 8,762,000 9,590,636 828,636 8,245,033 Admission tax - 5,030 5,030 Franchise taxes 3,486,910 2,963,231 (523,679) 3,033,510 Utility users tax 6,500,000 6,421,873 (78,127) 6,460,638 Total Taxes 20,745,540 21,104,640 359,100 19,826,422 Licenses and permits: Building permits 670,000 708,078 38,078 790,163 Business licenses 800,000 877,706 77,706 813,876 Other permits 7,600 7,792 192 9,541 Total Licenses and Permits 1,477,600 1,593,576 115,976 1,613,580 Fines,forfeits and penalties: Court fines 223,500 128,095 (95,405) 289,183 Parking tickets and other 85,700 79,093 (6,607) 62,863 Total Fines and Forfeits 309,200 207,188 (102,012) 352,046 Use of money and property: Interest income 580,000 2,294,809 1,714,809 1,783,197 Total Use of Money and Property $ 580,000 $ 2,294,809 $ 1,714,809 $ 1,783,197 58 CITY OF RANCHO CUCAMONGA Schedule 3 SCHEDULE OF REVENUES, EXPENDITURES AND Page 2 of 5 CHANGES IN FUND BALANCES-BUDGET AND ACTUAL (BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30 1996 ar ance- Favorable Budget Actual (Unfavorable) Actual Intergovernmental: Motor vehicle in lieu $ 4,000,000 $ 4,532,696 $ 532,696 $ 4,197,474 Homeowners exemption and other subvention 22,000 60,596 38,596 61,506 Youth program reimbursements 100,910 100,905 (5) . 89,632 State grant reimbursements 307,190 98,434 (208,756) 89,404 FEMA claims 300 267 (33) - Waste management fees - 588,518 588,518 759,504 Off-highway motor vehicle 1,500 1,867 367 1,857 Total intergovernmental 4,431,900 5,383,283 951,383 5,199,377 Charges for services: Plan check fees 315,000 333,491 18,491 369,032 Planning fees 275,000 417,135 142,135 249,352 Engineering fees 322,000 524,062 202,062 401,172 Sale of materials 78,000 75,485 (2,515) 80,724 Other charges for services 497,060 525,579 28,519 166,203 Total Charges for Services 1,487,060 1,875,752 388,692 1,266,483 Other: Cost reimbursements 2,004,480 2,578,903 574,423 3,357,986 Sale of surplus properties 2,000 2,001 1 Miscellaneous revenue 588,300 21,244 (567,056) 43,532 Total Other 2,594,780 2,602,148 7,368 3,401,518 Total Revenue $31,626,080 $35,061,396 $ 3,435,316 $33,444,623 59 CITY OF RANCHO CUCAMONGA Schedule 3 SCHEDULE OF REVENUES, EXPENDITURES AND Page 3 of 5 CHANGES IN FUND BALANCES-BUDGET AND ACTUAL (BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, 1996 1995 Variance- Favorable Budget Actual (Unfavorable) Actual Expenditures: General government: City council $ 67,800 $ 62,200 $ 5,600 $ 64,051 City manager 437,590 421,418 16,172 429,747 City clerk 320,109 307,382 12,727 263,630 Personnel overhead 626,754 (945,595) 1,572,349 (371,342) General overhead 1,556,670 869,546 687,124 1,576,947 Treasurer 3,070 2,984 86 2,367 Administrative services 1,143,858 1,121,583 22,275 1,043,207 Finance 471,200 455,519 15,681 428,341 Business licenses 123,717 122,023 1,694 116,949 Personnel 198,410 192,526 5,884 188,993 Purchasing 149,030 147,437 1,593 138,129 Risk management 81,120 75,330 5,790 69,403 Fire District administration 124,604 88,828 35,776 152,394 Redevelopment Agency Administration 659,166 579,339 79,827 618,113 City facilities 1,757,614 1,502,347 255,267 1,333,721 Total General Government 7,720,712 5,002,867 2,717,845 6,054,650 Public safety: Police: Sheriff contract services 9,554,589 9,127,503 427,086 8,789,913 Animal control 94,536 76,651 17,885 60,918 Emergency preparedness 226,590 213,891 12,699 203,633 Total Public Safety $ 9,875,715 $ 9,418,045 $ 457,670 $ 9,054,464 60 CITY OF RANCHO CUCAMONGA Schedule 3 Page 4 of 5 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES- BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, 1996 1995 Variance- Favorable Budget Actual (Unfavorable) Actual Engineering and public works: Engineering administration $ 1,033,690 $ 872,484 $ 161,206 $ 694,620 Development management 810,550 693,848 116,702 658,563 Traffic management 221,970 251,967 (29,997) 204,691 Project management 399,720 389,940 9,780 888,301 Construction management 346,740 393,453 (46,713) 342,815 Waste management 632,180 476,554 155,626 450,050 Street and park maintenance 3,219,240 2,945,444 273,796 2,663,809 Vehicle maintenance 635,528 564,672 70,856 512,096 Total Engineering and Public Works 7,299,618 6,588,362 711,256 6,414,945 Community development: Planning commission 48,070 42,964 5,106 36,652 Administration 146,440 139,905 6,535 150,504 Planning 1,072,550 1,057,871 14,679 1,164,185 Building and safety 1,794,440 1,799,292 (4,852) 1,434,172 Total Community Development 3,061,500 3,040,032 21,468 2,785,513 Community services: Community services 1,141,950 1,092,924 49,026 1,049,584 Park and recreation commission 1,570 1,022 548 1,057 Total Community Services $ 1,143,520 $ 1,093,946 $ 49,574 $ 1,050,641 61 CITY OF RANCHO CUCAMONGA Schedule 3 Page 5 of 5 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL (BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, 1996 1995 Variance- Favorable Budget Actual (Unfavorable) Actual Debt service: Principal $ $ 254,933 $ (254,933) $ 230,944 Interest and fiscal charges 38,596 (38,596) 48,300 Total Debt Service 293,529 (293,529) 279,244 Total Expenditures $29,101,065 $25,436,781 $ 3,664,284 $25,639,457 Excess of Revenues over(under)Expenditures $ 2,525,015 $ 9,624,615 $ 7,099,600 $ 7,805,166 Other Financing Sources(Uses): Operating transfer In $ - $ 267,559 $ 267,559 $ 28,818 Operating transfer out (1,116,360) (1,644,636) (528,276) (2,545,800) Excess funds from bond trustee 18,730 18,730 Total Other Financing Sources(Uses) $ (1,116,360) $ (1,358,347) $ (241,987) $ (2,516,982) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) $ 1,408,655 $ 8,266,268 $ 6,857,613 $ 5,288,184 Adjustments: To adjust for encumbrances $ $ 469,002 $ 469,002 $ 306,465 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(GAAP Basis) $ 1,408,655 $ 8,735,270 $ 7,326,615 $ 5,594,649 Fund Balances: Beginning of Fiscal Year -as previously reported $29,263,312 $29,263,312 $ - $22,734,318 Restatements 934,345 Beginning of Year-as restated 29,263,312 29,263,312 23,668,663 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 1,408,655 8,735,270 7,326,615 5,594,649 Residual equity transfers (258) (258) End of Fiscal Year(Schedule 1) $30,671,967 $37,998,324 $ 7,326,357 $29,263,312 62 1 i . i 1 This page intentionally left blank. i 1 1 1 1 i 1 i 1 i (/) OZCm mczm < mm r > - om -ow This page intentionally left blank. , 1 i 1 1 1 1 1 i 1 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. 1 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 r 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 r 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. r r r ' 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. r rr rr rr r■ s r �r rr ■r Nr r � r r � rir � r r� CITY OF RANCHO CUCAMONGA Schedule 4 Page 1 of 4 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1996 Landscape Park Lighting Maintenance Systems Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development A S S E T S Cash and investments $ 2,617,428 $ 667,972 $ 246,100 $ 659,704 $ 860,092 $ - $ 1,088,476 $ 7,266,567 $ 2,193,812 Receivables(net of allowance for uncollectibles): Taxes - - - - - - 24,870 101,106 - Accounts 1,797 - 484 - - - - 936 - Accrued Interest - - - - - - - - Deferred loans - - - - - - - - - Wants - - - - - - - - - Liens 2,461 - - - - - - - 1,379 Due from other funds - - - - - - - Deposits - - Total Assets $ 2,621,686 $ 667,972 $ 246,584 $ 659,704 $ 860,092 $ $ 1,113,346 S 7,368,609 $ 2,195,191 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 43,615 S 9,732 $ 16,747 $ 65,749 $ 34,374 $ - $ 69,700 $ 383,379 S 28,272 Accrued payroll payable 16,089 619 10,336 - 1,835 - 308 16,208 4,596 Employee benefits payable - - - - - - - - Due to other funds - - - - - - - - Duetoothergovemments - - - - - - - Deferred revenue - - - - 65,396 - - - - Advances from other funds 300.000 Total Liabilities 59,704 10,351 27,083 365,749 101,605 70,008 399,587 32,868 Fund Balances: Reserves: Reserved for encumbrances 549,323 49,000 1,517 139,176 9,077 - 1,298 394,930 5,880 Reserved for capital projects - - - - - - 566,587 3,438,111 - Reserved for tree replacement - - - - - - - - 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 161,930 - - - - - - - - Reserved for salary settlement - - - - - - - - Unreserved: Designated for working capital - - - - - - 475,453 3,135,981 - Undesignated 1,850,729 608,621 217,984 154,779 749,410 2,156,443 Total Fund Balances 2,561,982 657,621 219,501 293,955 758,487 1,043,338 6,969,022 2,162,323 Total Liabilities and Fund Balances $ 2,621,686 $ 667,972 $ 246,584 $ 659,704 $ 860,092 $ $ 1,113,346 S 7,368,609 $ 2,195,191 63 CITY OF RANCHO CUCAMONGA Schedule 4 COMBINING BALANCE SHEET Page 2 of 4 ALL SPECIAL REVENUE FUNDS JUNE 30,1996 Community San Sevens/ Air Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Quality 800 MHZ ASSET S Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Improvement Radio Cash and Investments $ - S 449,033 $ 6,860 $ 183,954 $ - $ 299,993 $ 845,469 $ 34,444 $ 184,005 $ Receivables(net of allowance for uncollectibtes): - Taxes Accounts - - - - - 9835,035 Accrued Interest Deferred loans - 196,389 Grants 274,574 - 159,529 263,816 - - 362,235Lana - - Due from other funds - _ - Deposits Total Assets $ 274,574 $ 449,033 $ 6,860 $ 343,483 E 460,205 $ 300,091 L_845,469 $ 396,679 S 219,040 $ LIABILITIES AND FUND BALANCES Liabilities: Amounts payable $ 78,098 $ 43,329 S - $ 10.380 $ 18,925 S 2,302 $ - $ - $ 20,382 $ Accrued payroll payable - - - - 3,266 3,774 - Employee benefits payable _ - - 249 185 - Duetootherfunds 196,476 - - - 241,625 - - 315,994 - - Due to other governments - - 20,455 196,389 Deferred revenue - 3,568 - - Advances from other funds Total Liabilities 274,574 46,897 30,835 460,205 6,076 316,243 20,547 Fund Balances: Reserves: Reserved for encumbrances 167,697 - - - 56,920 1,975 - 309,543 32,773 - Reserved for capital projects - - Reserved for tree replacement 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 - - - - - - - Reserved for salary settlement Unreserved: Designated for working capital - - - - - - - Undesignated (167,697) 402,136 6,860 312,648 (56,920) 292,040 845,469 229,10 165,720 Total Fund Balances 402,138 6,860 312,648 294,015 845,469 80,436 198,493 Total Liabilities and Fund Balances $ 274,574 $ 449,033 $ 6,860 $ 343,483 S 460,205 S 300,091 S 845,469 E 396,679 $ 219,040 $ 64 CITY OF RANCHO CUCAMONGA Schedule 4 Page 3of4 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1996 South Masi California Weingart Major Urban FETSIM SBA Etiwanda Commerce Library Literacy Foundation Resource Grant Tree Grant Drainage Center Measure I Services Metrolink Campaign Grant Library Grant A S S E T S Cash and Investments $ 154 $ - E 11,423 $ - $1,214,037 $ 22,824 $ 16,390 $ 13,730 $ - $ 8,316 Receivables(net of allowance for uncollectibles): - Taxes - - - - 125,399 353,546 - Accounts - - - 4,937 - - 5,062 -Accrued Interest - - - Deferred loans - Grants - - 490- Due from other funds Deposits Total Assets $ 154 $ E 11,423 $ 4,937 E 1,339,436 E 376,370 E 21,452 $ 13,730 $ $ 8,806 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ - $ - E - $ 868 E 25,762 $ 3.902 E 2,371 E $ 8,806 Accrued payroll payable - - - - 2,334 11,082 72 398 Employee benefits payable _ Due to other funds - - - 4.937 117,466 1,088 Due to other governments - - - - 10961 . Deferred revenue 154 - _ Advances from other funds Total Liabilities 154 4,937 3,222 154,310 5,062 13,730 - 8,806 Fund Balances: Reserves: Reserved for encumbrances - - - - 2,636,767 250 4,136 8,584 Reserved for capital projects Reserved for tree replacement Reserved for future Bre station - Reserved for land acquisition - - - - Reserved for employee leave pay outs - - Reserved for radio system acquisition - - - Reserved for vehicle and equipment replacement - _ - - Reserved for salary settlement - unreserved: 63,375 - - - Designated for working capital - Undesignated - 11,423 1,300.553 158,435 12,254 (8,584) Total Fund Balances 11,423 1,336,214 222,060 16,390 - - Total Liabilities and Fund Balances $ 154 $ E 11,423 $ 4,937 L1,339.436 S 376,370 $ 211452 E 13,730 E E 8,806 65 CITY OF RANCHO CUCAMONGA Schedule 4 COMBINING BALANCE SHEET Page 4 of 4 ALL SPECIAL REVENUE FUNDS JUNE 30, 1996 Used Oil TOTALS Recycling Fire June 30, ASSET S Grant District 1996 1995 Cash andinvestments $ - $ 5,297,063 E 24,187,846 E 21,476,170 Receivables(net of allowance for uncollectibles): Taxes - 165,754 770,675 660,426 Account - 7,802 56,151 108,253 Accrued Interest 95,124 95,124 70,587 Deferred loans - 196,389 121,775 Grants 24,638 - 1,085,282 2,629,124 Uens 3,840 3,945 Due from other funds - 102 751 102 751 1 111 007 Deposit 635,000 Total Asset S 24,638 S 5,688,494 S 26,498,058 E 26,816,287 II LIABILITIES AND FUND BALANCES Liabilities: Account payable E 1883 $ 103,884 $ 979,480 E 1,028,131 Accrued payroll payable 108 233,971 305,410 275,195 Employee benefit payable - 566,850 566,850 562,667 Due to other funds 15,647 407,278 1,300,511 3,361,552 Due to other government - - 216,844 142,230 Deferred revenue - - 80,079 174,444 Advances from other funds 300 Ogg Total Uabilities 24,638 1,31109&7 3,749,174 5,544,219 Fund Balances: Reserves: Reserved for encumbrances - - 4,368,846 12,774 Reserved for capital project - 30,000 4,034,698 3,280,737 Reserved for tree replacement - - - 55,404 Reserved for future fire station - 1,692,910 1,692,910 1,175,311 Reserved for land acquisition - 300,000 300,000 300,000 Reserved for employee leave pay out - 288,160 288,160 288,160 Reserved for radio system acquisition - 50,000 50,000 80,000 Reserved for vehicle and equipment replacement - 949,041 1,110,971 119,950 Reserved for salary settlement - 553,000 Unreserved: Designated for working capital - 1,046,400 4,721,209 3,869,648 Undesignated 6,182,090 11,537,084 Total Fund Balances 4,356,511 22,748,884 21,272,068 Total Uabilities and Fund Balances E 24,638 E 5,666,494 L26.498.058 E 26,816,287 66 CITY OF RANCHO CUCAMONGA Schedule 5 Page 1 of 4 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Landscape Park Lighting Maintenance Systems Revenues: Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development Taxes $ $ - $ - $ - $ $ $1,146,530 $ 4,971,254 $ - Fines and forfeits - - - - - - -Use of money and property 147,232 43,772 - 21,924 - - 55,269 377,150 - Intergovernmental 2,052,178 - - - - - - - - Chargesforservices - - 704,842 - - - -Development fees - - - 722.199 195,141 - 9,527 - 1,150,133 Other - 24,427 Total Revenues 2,199,410 43,772 704,842 744,123 195,141 1,211,326 5,372,831 1,150,133 Expenditures: Current: General govemment - - - - - - 1,118,723 - - Engineering and public works 1,679,559 41,650 - - 146,834 - - - 518,519 Community development - - - - - - - 3,400,693 - Community services - - 794,076 805,415 - - - - - Public safety-fire protection - - - - - - -Capital outlay 336,641 121,769 - 191,485 45,948 - - 1,194,795 960,868 Debt service: Principal 61,146 - - - - - Interest and fiscal charges 10,186 - Total Expenditures 2,087,532 163,419 794,076 996,900 192,782 1,118,723 4,595,488 1,479,387 Excess of Revenues over (under)Expenditures 111,878 (119,647) 8( 9,234) (252,777) 2,359 - 92,603 777,343 (329,254) Other Financing Sources(Uses): Operating transfers In - - 128,000 - - - - - Operating transfers out - - - (374,715) - - - - - Miscellaneous Total Other Financing , Sources(Uses) -7' - (246,715) - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ 111,878 $ (119,647) $ 81 9,234) $ (499,492) $ 2,359 $ $ 92,603 $ 777,343 $ (329,254) Fund Balances: Beginning of Fiscal Year•as originally reported $ 2,450,104 $ 777,268 $ 308,735 $ 793,447 $ 756,128 $ - $ 950,735 $ 6,191,679 $ 2,491,577 Restatements Beginning of Fiscal Year-as restated 2,450,104 777,268 308,735 793,447 756,128 - 950,735 6,191,679 2,491,577 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 111,878 (119,647) (89,234) (499,492) 2,359 - 92,603 777,343 (329,254) Residual Equity Transfers End of Fiscal Year(Schedule 4) $ 2,561,982 $ 657,621 $ 219,501 $ 293,955 $ 758,487 $ - $1,043,338 $ 6,969,022 $ 2,162,323 67 CITY OF RANCHO CUCAMONGA Schedule 5 Page 2 of 4 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Community San Sevaine/ Air Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Quality 800 MHZ Revenues: Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Improvement Radio Taxes $ - $ - S - $ - $ - $ - $ - $ - Fines and forfeits - - - - - - - - -Use of money and property - 2,893 3,336 - - 24,021 - - 12,086 - Intergovernmental 237,303 - - 47,259 867,149 - - 14,177 130,384 - Charges for services - - - - - - - - - - Development lees - 141,921 - - 433,888 28,389 - - - Other Total Revenues 237,303 144,820 3,336 47,259 867,149 457,909 28,389 14,177 142,470 Expenditures: Current: General government - - - - - 399,624 - - 92,366 - Engineering and public works - 38,378 - 2,502 - - - - - Community development - - - - 123,280 - - - - Community services Public safety-fire protection - - - - - - - - - - Cspitaloueay 237,30.1 43,330 47,759 743,869 - - 14,177 80,334 - Debt service: Principal - - - - - - - - Interest and fiscal charges - Total Expenditures 237,303 81,708 50,261 867,149 399,624 14,177 172,700 Excess of Revenues over (under)Expenditures 63,112 3.336 (3,002) 58,285 28,389 (30,230) Other Financing Sources(Uses): Operating transfers In Operating transfers out - - - - - - - - Misceihmeous - - Total Other Financing Sources(Uses) - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ $ 63,112 S 3,336 S (3,002) $ S 58,285 $ 28,389 $ $ (30,230) $ Fund Balances: Beginning of Fiscal Year•as originally reported $ $ 339,024 $ 3,524 $ 315,650 $ - $ 235,730 $ 817,080 $ 80,436 $ 228,723 $ (57) Restatements - Beginning of Fiscal Year-as restated 339,024 3,524 315,650 - 235,730 817,080 80,436 228,723 (57) Excess of Revenues and Other Soumes over(under)Expenditures and Other Uses - 63,112 3,336 (3,002) - 58,285 28,389 - (30,230) - Residual Equity Transfers 57 End of Fiscal Year(Schedule 4) $ $ 402,136 $ 6,860 $ 312,648 $ S 294,015 $ 845,469 $ 80,436 $ 198,493 $ t/ 68 -ri � m � M m s ■I M M M MM =' = M = =' M 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, 1996 South Masi California Weingart Major Urban FETSIM SBA Etiwanda Commerce Library Literacy Foundation Resource Revenues: Grant Tree Grant Drainage Center Measure I Services Metrolink Campaign Grant Library Grant Taxes S - S - E - E - E - $ 889,051 $ - $ - $ - E - Fines and forfeits - - - - - - - - - - Use of money and property - - - - 55,661 48,145 186 - - - Intergovernmental - - - - 952,189 - 139,939 73,409 5,000 8,806 Charges for services - - - - - 90,075 - - - - Development fees - - 27,609 4,937 - - - - - - Other 89,280 Total Revenues 27,609 4,937 1,007,850 1,116,559 140,125 73,409 5,000 8,806 Expenditures: Current: General government - - 17,665 2,985 - - - - - - Engineering and public works - - - - 116,699 - 71,095 - - - Community development - - - - - - - - - - Community services - - - - - 959,265 - 64,902 - 8,806 Public safety-fire protection - - - - - - - - -Capital outlay - - - - 25,196 3,899 71,458 8,507 5,000 - Debt service: Principal - - - - - 100,000 - - - - Interest and fiscal charges Total Expenditures 17,665 2,985 141,895 1,063,164 142,553- 73,409 5,000 8,806 Excess of Revenues over (under)Expenditures - 9,944 1,952 865,955 53,395 (2,428) - 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)Expenditures and Other Uses E E E 9,944 $ 7,952 E 865,955 E 153,395 S (2,428) $ $ $ Fund Balances: Beginning of Fiscal Year-as originally reported $ - $ (201) E 1,479 E (1,952) $ 470,259 $ 68,665 S 18,818 $ - $ - $ - Restatements - - Beginning of Fiscal Year-as restated - (201) 1,479 (1,952) 470,259 68,665 18,818 - - - Excess of Revenues and Other Sources over(under)Expenditures ' '- and Other Uses - - 9,944 1,952 865,955 153,395 (2,428) - - Residual Equity Transfers 201 End of Fiscal Year(Schedule 4) E $ - $ 11,423 E S 1,336,214 E 222,060 - $ 16,390 $ $ $ v � ✓ 69 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, 1996 Used 011 TOTALS Recycling Fire Year ended une 30. Revenues: Grant District 1996 1995 Taxes E - E 8,788,146 E 13,794,981 E 13,233,617 Fines and forfeits - 84,001 84,001 63,150 Use of money and property - 356,224 1,147,899 881,017 Intergovernmental 30,604 1,237,724 5,796,121 8,463,070 Charges for services - 75,322 870,239 857,187 Development fees - - 2,713,750 2,797,661 Other 2,404 116,119 76,683 Total Revenues 30,604 8,543,821 24,523,110 26,372,385 Expenditures: Current: General government - - 1,631,363 1,564,528 Engineering and public works 30,604 - 2,645,840 2,852,460 Community development - - 3,523,973 4,409,328 Community services - - 2,632,464 1,650,256 Public safety-fire protection - 8,951,549 8,951,549 9,080,935 Capital outlay - - 4,132,338 7,350,942 Debt service: Principal - - 161,146 447,882 Interest and fiscal charges 10,186 113,080 Total Expenditures 30,604 8,951,549 23,688,859 27,469,411 Excess of Revenues over (under)Expenditures (407,728) 834,251 (1,097,026) Other Financing Sources(Uses): Operating transfers In - 778,881 1,006,881 619,757 Operating transfers out - - (374,715) (161,474) Miscellaneous 10,141 10,141 102,477 Total Other Financing Sources(Uses) 789,022 642,307 560,760 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses E E 381,294 E 1,476,558 E (536,266) Fund Balances: Beginning of Fiscal Year-as originally reported E - E 3,975,217 E 21,272,068 E 21,765,166 Restatements 43,168 Beginning of Fiscal Year-as restated - 3,975,217 21,272,068 21,808,334 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses - 381,294 1,476,558 (536,266) Residual Equity Transfers 258 End of Fiscal Year(Schedule 4) E E 4,356,511 E 22,748,884 E 21,272,068 70 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES Page 1 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 GAS TAX SB 325 RECREATION anence- anence- Variance.Favorable Favorable Favorable Revenues: Budget Actual Unfavorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - S - S - $ - $ - S $ - $ - $ Fines and forfeits - Use of money and property 6,000 147,232 141,232 - 43,772 43,772 - - - Intergovernmental 1,950,000 2.052,178 102,178 - Chargesforservices - 10,378 715,220 704,842 Development fees ( ) Other Total Revenues 1,956,000 2,199,410 243,410 43,772 43,772 715,220 704,842 (10,378) Expenditures: Current: General government Engineering and public w 30 works 1,597,6 1,679,559 (81,929) 23,410 41,650 (18,240) Community development - _ _ - Communityservices - - - - - - 934,900 795,593 139,307 Public safety-fire protection - - _ _ Capital outlay 1,392,729 885,964 506,765 138,100 170,769 (32,669) Debt service: - Principal - 61,146 (61,146) Interest and fiscal charges 10,188 10,186 - - Total Expenditures 2,990,359 2,636,855 353,504 161,510 212.419 (50,909) 934,900 795,593 139,307 Excess of Revenues over (under)Expenditures (1,034,359) (437,445) 596,914 (161,510) (168,647) (7,137) 219,680 (90.751) 128,929 Other Financing Sources(Uses): Operating transfers in Operating transfers out Miscellaneous - Total Other Financing Sources(Us") Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (1,034,359) (437,445) 596,914 (161,510) (168,647) (7,137) (219,680) (90,751) 126,929 Adjustments: To adjust for encumbrances 549,323 549,323 49,000 49,000 1,517 1,517 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) _5(1,034,359) L 111,878 $1,146,237 S (181,510) S (119,647) $ 411863 S 21( 9.880) E 69,234 $ 130,446 Fund Balances: Beginning of Fiscal Year-as originally reported $ 2,450,104 $2,450,104 $ - $ 777,268 $ 777,268 S - S 308,735 $ 308,735 $ - Restatements Beginning of Fiscal Veer-es restated 2,450,104 2,450,104 - 777,268 777,268 - 308,735 308,735 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (1,034,359) 111,878 1,146,237 (161,510) (119,647) 41,863 (219,680) (89,234) 130,446 Residual Equity Transfers End of Fiscal Year $ 1,415,745 S 2,561,982 $1,146,237 $ 615,758 $ 657,621 $ 41,863 $ 89,055 $ 219,501 $ 130,448 71 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES, Page 2 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 PARK DEVELOPMENT BEAUTIFICATION LIGHTING DISTRICTS enance- Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes E - S - $ - E - $ - E - E 1,069,290 $1.146,530 $ 77,240 Fines and forfeits - - - Use of money and property 1,170 21,924 20,754 - - - 21,670 55,269 33,599 Intergovernmental - - Chargesforservices - - - Developmentfees 640,000 722,199 82,199 150,000 195,141 45,141 1,620 9,527 7,907 Other - 14,500 14,500 Total Revenues 641,170 744,123 102,953 150,000 195,141 45,141 1,107,080 1,211,326 104,246 Expenditures: Current: General government - - - - - - 1,173,860 1,120,021 53,839 Engineering and public works - - - 145,270 146,834 (1,564) - - Community development - - Community services 36,620 805,415 (768,795) - - - Public safety•fire protection - Capital outlay 442,710 330,661 112,049 67,370 55,025 12,345 - - Debt service: Principal 409,710 409,710 - - - - Interest and fiscal charges Total Expenditures 889,040 1,136,078 (247,036) 212,640 201,859 10,761 1.173.860 1,120.021 53,839 Excess of Revenues over (under)Expenditures (247,870) (391,953) (144,083) (62,640) (6,718) 551922 (66,780) 91,305 158,085 Other Financing Sources(Uses): Operating transfers In - 128,000 128,000 - - - - - Operating transfers out - (374,715) (374,715) - - - - - Miscellaneous Total Other Financing Sources(Uses) (246,715) (246,715) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (247,870) (638,668) (390,798) (62,640) (6,718) 55,922 (66,780) 91,305 158,085 Adjustments: To adjust for encumbrances 139,176 139,176 9,077 9,077 1,298 1,298 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) S (247,870) E (499,492) E (251,6M S (62,640) S 2,359 S 64,999 S (66,780) $ 92,603 $ 159,383 Fund Balances: Beginning of Fiscal Year-as originally reported $ 793,447 $ 793,447 $ - $ 756,128 E 756,128 E - E 950,735 E 950,735 E - Restatements Beginning of Fiscal Yew•as restated 793,447 793,447 - 756,128 756,128 - 950,735 950,735 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (247,870) (499,492) (251,622) (62,640) 2,359 64,999 (66,760) 92,603 159,383 Residual Equity Transfers End of Fiscal Year E 545,577 $ 293,955 S 51,622 $ 693,488 $ 758,487 $ 64,999 E 883,955 $1,043,338 $ 159,383 72 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES Page 3 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT PARK BOND ACT ananca ananco- anance- RBvenUeB: Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable) Taxes $ 4,618,180 $ 4,971,254 S 353,074 $ - E - $ - $ - $ $ Fines and forfeits _Use of money and property 138,600 377,150 238,550 - - Intergovernmental - 167,69 37,30 405,000 23 7 Charges for services _ _ ( _) Development fees - - - 616,000 1,150,133 534,133 Other 12,500 24,427 11,927 - - - Total Revenues 4,769,280 5,372,831 603,551 616,000 1,150,133 534,133 405,000 237,303 (167,697) Expenditures: Current: General government Engineering and public corks - - - 606,590 518,519 88,071 Community development 4,027,124 3,406,159 620,965 - - - Community services Public safety-fire protection Ca flat outlay 2,126,922 1,584,259 542,663 978,950 966,748 12,202 405,000 405,000 Debt service: - Principal - Interest and fiscal charges - Total Expenditures 6,154,046 4,990,418 1,163,628 1,585,540 1,485,267 100,273 405,000 405,000 Excess of Revenues over (under)Expenditures (1,384,766) 382,413 1,767,179 (969,540) (335,134) 634,408 (187,697) (167,697) Other Financing Sources(Uses): Operating transfers in - Operating transfers out Miscellaneous Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (1,384,766) 382,413 1,767,179 (969,540) (335,134) 634,406 - (167,697) (167,697) Adjustments: To adjust for encumbrances 394,930 394,930 5,880 5,880 167,697 167,697 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) $(1,384,766) $ 777,343 $ 2,162,109 S (969,540) $ (329,254) $ 640,286 $ S $ Fund Balances: Beginning of Fiscal Year-as originally reported $ 6,191,679 $ 6,191,679 $ - $ 2,491,577 $2,491,577 $ - $ - $ - $ - Restatements Beginning of Fiscal Year-as restated 6,191,679 6,191,679 - 2,491,577 2,491,577 - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (1,384,766) 777,343 2,162,109 (969,540) (329,254) 640,286 - Residual Equity Transfers End of Fiscal Year 14,806,913 $ 6,969,022 $ 2,162,109 $ 1,522,037 $2,162,323 $ 640,286 S $ $ 73 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES Page 4 of 9 EXPENDITURES AND CHANGES IN FUND BAUNCES BUDGET AND ACTUAL (BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 DRAINAGE FACILITIES PEDESTRIAN GRANTS FEDERAL AID URBAN Variance- anance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - E - S - $ - S - $ - $ - E - S - Fines and forfeits - - - - - - - - Use of money and property - 2,893 2,893 - 3,336 3,336 - - Intergovernmental - - - 11,840 - (11,840) - 47,259 47,259 Charges for services - - - - - - - -Development fees 113,670 141,927 28,257 - - - - - - Other Total Revenues 113,670 144,820 31,150 11,840 3,336 (8,504) 47,259 47,259 Expenditures: Current: General government - - - - - - - - Engineering and public works 38,150 38,378 (228) - - - 2,512 2,502 10 Community development - - - - - - Community services - - - - - - - - Public safety-fire protection - - - - - - - - Capital outlay 195,000 43,330 151,670 - - - 50,680 47,759 2,921 Debt service: Principal - - - - - - - Interest and fiscal charges Total Expenditures 233,150 01,708 151,442 53,192 50,261 2,931 Excess of Revenues over (under)Expenditures (119,480) 63,112 182,592 11,840 3,336 8,504 (53,192) (3,002) 50,190 Other Financing Sources(Uses): Operating transfers in - - - - - - - - Operating transfers out - - - - - - Miscellaneous Total Other Financing Sources(Uses) - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (119,480) 63,112 182,592 11,840 3,336 (8,504) (53,192) (3,002) 50,190 Adjustments: To adjust for encumbrances - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) E (119,480) S 63,112 S 182,592 $ 11,840 S 3,336 $(8,504) S (53,192) S (3,002) $ 50,190 Fund Balances: Beginning of Fiscal Year-as originally reported $ 339,024 $ 339,024 $ - S 3,524 $ 3,524 $ - $ 315,650 $ 315,650 $ - Restatements - Beginning of Fiscal Year-as restated 339,024 339,024 - 3,524 3,524 - 315,650 315,650 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (119,480) 63,112 182,592 11,840 3,336 (8,504) (53,192) (31002) 50,190 Residual Equity Transfers - EndofFiscalYear $ 219,544 S 402,136 $ 182,592 $ 15,364 $ 6,860 $(8,504) S 262,458 E 312,648 $ 50,190 74 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES Page 5 of 9 EXPENDITURES AND CHANGES IN FUND BAUNCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION SB 140 enanoe- Variance- ariance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - $ - $ - $ - S - $ - $ - E - $ Fines and forfeits _ Use of money and property - - - 8,620 24,021 15,401 - Intergovernmental 1,190,830 867,149 (323,681) - - - 412,000 14,177 (397,823) Charges for services _ _ Development fees - - - 424,940 433,888 8,948 Other - " Total Revenues 1,190,830 867,149 (323,681) 433,560 457,909 24,349 412,000 14,177 (397,823) Expenditures: Current: General government - - - 425,130 401,599 23,531 Engineering and public works - - - 7,747 7,747 Community development 343,120 123,280 219,840 - Community services Public safety-fire protection - - ' Caplet outlay 847,710 800,789 46,921 405,670 323,720 81,950 Debt service: - - Principal - - Interest and fiscal charges Total Expenditures 1,190,830 924,069 266,761 425,130 401,599 23,531 413.417 323,720 89,697 Excess of Revenues over (under)Expenditures (56.920) (56,920) 8,430 56,310 47,880 (1,417) (309,543) (308,126) Other Financing Sources(Uses): Operating transfers in - Operating transfers out - Miscellaneous Total Other Financing Sources(Uses) _ Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) - (56,920) (56,920) 8,430 56,310 47,880 (1,417) (309,543) (308,126) Adjustments: To adjust for encumbrances 56,920 56,920 1,975 1,975 309,543 309,543 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) $ $ $ S 8,430 $ 58,285 $ 49,855 S (1,417) $ S 1,417 Fund Balances: Beginning of Fiscal Year-as originally reported $ - $ - $ - $ 235,730 S 235,730 $ - $ 80,436 $ 80,436 $ - Restatements Beginning of Fiscal Year-as restated - - 235,730 235,730 - 80,436 80.436 - Excess of Revenues and Omer Sources over(under)Expenditures and Other Uses(GAAP Basis) - - - 8,430 58,285 49,855 (1,417) - 1,417 Residual Equity Transfers End of Fiscal Year $ $ $ $ 244,160 $ 294,015 $ 49,855 $ 79,019 S 80,436 $ 1,417 75 CITY OF RANCHO CUCAMONGA Schedule e COMBINING SCHEDULE OF REVENUES, Page 6 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 AIR QUALITY IMPROVEMENT SOUTH ETIWANOA DRAINAGE MASI COMMERCE CENTER Variance- Variance- Variance. Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - $ - S - $ - $ - $ - $ - $ - $ - Fines and forfeits - - -Use of money and property 6,840 12,086 5,246 - - - - Intergovernmental 135,400 130,384 (5,016) - - - - Chargesforservices - - -Development fees - - - 25,110 27,609 2,499 15,000 4,937 (10,063) Other Total Revenues 142,240 142,470 230 25,110 27,609 2,499 15,000 4,937 (10,063) Expenditures: Current: General government 97,612 92,366 5,246 25,110 17,665 7,445 15,000 2,985 12,015 Engineering endppublic works - - - - - Community clevei,pment - - - - - - - - - Community services - - - - - - - - Public safety•fire protection - - - - - - - - Capital outlay 147,000 113,107 33,893 - - - - - Debt service: Principal - - - - - - - - - Interest and fiscal charges Total Expenditures 244,612 205,473 39,139 25,110 17,665 7,445 15,000 2,985 12,015 Excess of Revenues over (under)Expenditures (102,372) (63,003) 39,369 9,944 9,944 1,952 1,952 Other Financing Sources(Uses): Operating transfers in - - - - - - - - OperaBng transfers out - - - - - - - Miscellaneous Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (102,372) (63,003) 39,369 - 9,944 9,944 - 1,952 1,952 Adjustments: To adjust for encumbrances 32,773 32,773 Excess of Revenues and Other Sources over(under)1 Expenditures and Other Uses(GAAP Basis) 1_1122.37A S (30.230) $ 72,142 $ $ 9,944 S 9,944 $ $ 1,952 $ 1,952 Fund Balances: Beginning of Fiscal Year-as originally reported $ 228,723 $ 228,723 $ - $ 1,479 $ 1,479 $ - $ (1,952) $ (1,952) $ Restatements Beginning of Fiscal Year-as restated 228,723 228,723 1,479 1,479 - (1,952) (1,952) - Excess of Revenues and Other Sources over(under)1 Expenditures and Other Uses(GAAP Basis) (102,372) (30,230) 72,142 - 9,944 9,944 - 1,952 1,952 Residual Equity Transfers - - End of Fiscal Year $ 126,351 S 198,493 $ 72,142 $ 1,479 $ 11,423 $ 9,944 1-11.952L s $ 1,952 76 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES, Page 7 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 MEASURE LIBRARY SERVICES METROLINK Variance- ariance- anance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable Fines and forfeits ) Taxes $ - $ - S - $ 869,520 $ 889,051 $ 19,531 $ - g - $ _ ' Use of money and property 5,000 55,661 50,661 50,030 48,145 (1,885) 186 186 Intergovernmental 3,200,000 952,189 (2,247,811) - - - 192,880 139,939 (52,941) Charges for services - - - 90,230 90,075 (155) Development fees - - Other - - - 99,110 89,288 9,022 - Total Revenues 3,205,000 1,007,850 (2,197,150) 1,108,890 1,116,559 7,669 192,880 140,125 (52,755) Expenditures: Current: General government Engineering and public works 170,850 116,699 54,151 - - - 79,280 71,095 8,185 Community development - - - _ _ _ Community services - - - 1,180,750 959,515 221,235 Public safety-tire protection 96- - - Capital outlay 3,426,510 2,661, 3 764,547 - 3,899 (3,899) 103,090 75,594 27,496 Debt service: Principal - - - - 100,000 (100,000) - Interest and fiscal charges Total Expenditures 3,597,360 2,778,662 818,698 1,180,750 1,063,414 117,336 182,370 146,689 35,681 Excess of Revenues over (under)Expenditures (392,360) (1,770,812) (1,378,452) 1,860 53,145 125,005 10,510 (6,564) (17,074) Other Financing Sources(Uses): Operating transfers In - 100,000 100000 Operating barristers out - _ Miscellaneous Total Other Financing Sources(Uses) 100,000 1()0.000 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (392,360) (1,770,812) (1,378,452) 28,140 153,145 125,005 10,510 (6,564) (17,074) Adjustments: To adjust for encumbrances - 2,636,767 2,636,767 250 250 4,136 4,136 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) $ (392,360) $ 865,955 S 1,258,315 S 28,140 $ 153,395 $ 125,255 S 10,510 $ (2,428) S (12,938) Fund Balances: Beginning of Fiscal Year-as originally reported $ 470,259 S 470,259 $ - $ 68,665 $ 68,665 $ - $ 18,818 S 18,818 $ - Restatements Beginning of Fiscal Year-as restated 470,259 470,259 - 68,665 68,665 - 18,818 18,818 - Excess of Revenues and Other Sources over(under)Expenditures and Other Us"(GAAP Basis) (392,360) 865,955 1,258,315 28,140 153,395 125,255 10,510 (2,428) (12,938) Residual Equity Transfers End of Fiscal Year $ 77,699 $ 1,336,214 $ 1,258,315 $ 96,805 $ 222,060 $ 125,255 $ 29,328 $ 16,390 $ (12,938) 77 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES page 8 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 CALIFORNIA LITERACY CAMPAIGN WEINGART FOUNDATION GRANT MAJOR URBAN RESOURCE LIBRARY GRANT ariance- ariance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes E - $ - E - E - $ - $ - E - $ - $ - Fines and forfeits - - - - - - - - - Use of money and property - - - - - - - - - Intergovernmental 84,370 73,409 (10,961) 5,000 5,000 9,240 8,806 (434) Charges for services - - - - - - - - - Development fees - - - - - - - Other Total Revenues 84,370 73,409 (10,961) 5,000 5,000 9,240 8,806 (434) Expenditures: Current: Generalggovernment - - - - - - - - Engineering and public works - - - - - - - - Community development - - - - - - - - Community services 74,280 72,201 2,079 - - - 9,240 8,806 434 Public safety-Bre protection - - - - - - - Capital outlay 10,094 9,792 302 5,000 5,000 - - - - Debt service: Principal - - - - - Interest and fiscal charges Total Expenditures 84.374 81,993 2,381 5,000 5,000 9,240 8,806 434 Excess of Revenues over (under)Expenditures (4) (8,584) (8,580) - - Other Financing Sources(Uses): Operating transfers in Operating transfers out Miscellaneous Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (4) (8,584) (8,580) - - - - - Adjustments: To adjust for encumbrances 8,584 8,584 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) S - (4) E E 4 $ $ - E E E $ - Fund Balances: Beginning of Fiscal Year-as originally reported $ - E - E - E - $ - E - $ - S - E Restatements Beginning of Fiscal Year-as restated - - - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (4) - 4 - - - - - Residual Equity Transfers End or Fiscal Year E (4) $ E 4 E E $ $ $ $ 78 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES, Page 9 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, USED OIL RECYCLING GRANT FIRE DISTRICT 19961995 ariance- ariance- ar ance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes $ - $ - $ - $ 6,396,090 $ 6,788,146 $ 392,056 $ 12,953,080 $ 13,794,981 $ 841,901 E 13,233,617 Fines and forfeits - 63,890 84,001 20,111 63,890 84,001 20,111 63,150 Use of money and property - - - 303,810 356,224 52,414 541,740 1,147,899 606,159 881,017 Intergovernmental 36,110 30,604 (5,506) 1,237,110 1,237,724 614 8,869,780 5,796,121 Charges for services 86,060 75,322 (10,736) 891,510 870,239 13,(21,659) 8,463,070 Development fees _ (21,271) 857,187 Other - 1,986,340 2,685,361 699,021 2,797,661 2,000 2,404 4G4 128,110 116,119 (11,991) 76,683 Total Revenues 36,110 30,604 5,506 8,088,960 8,543,821 454,861 25,434,450 24,494,721 (939,729) 26,372,385 Expenditures: Current: General government - - - 1,736,712 1,634,636 102,076 1,564,528 Engineering and public works 36,110 30,604 5,506 - - - 2.707,549 2,645,840 61,709 2,852,460 Community development - - - - - 4,370,244 3,529,439 840,805 4,412,008 Community services - - - 2.235,790 2,641,530 (405,740) 1,655,546 Public safey-fire protection - - - 9,142,360 8,951,549 190,811 9,142,360 8,951,549 190,811 9,080,935 Capital outlay - - - - - - 10,742,535 8,483,379 2,259,156 7,355,746 Debt service: Principal - - - - - 409,710 161,146 248,564 447,882 Interest and fiscal charges - 10,186 (10,186) 113,080 Total Expenditures 36,110 30,604 5,506 9,142,360 8,951,549 190,811 31,344,900 28,057,705 3,287,195 27,482,185 Excess of Revenues over (under)Expenditures (1,053,400) (407,728) 645,672 (5,910,450) (3,562,984) 2,347,466 (1,709,600) Other Financing Sources(Uses): Operating transfers in - - - 1,137,120 778,881 (358,239) 1,237,120 1,006,881 (230,239) 619,757 Operating transfers out - - - (374,715) (374,715) (161,474) Miscellaneous - 10,141 10,141 101141 10,141 102,477 Total Other Financing Sources(Uses) - 1,1371120 789,022 (348,098) 1,237,120 642,307 (594,813) 560,760 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) - - - 83,720 381,294 297,5744,673,330 ) (2.920,877) 1,752,653 (549,040) Adjustments: ( To adjust for encumbrances 4,368,846 4,368,846 12,774 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) $ $ $ $ 83,720 E 381,294 E 297,574 S (4,873,330) $ 1,448,169 L 6,121,499 $ (536,266) Fund Balances: Beginning of Fiscal Year as originally reported $ - $ - $ - E 3,975,217 $ 3,975,217 E - 20,455,246 20,455,246 $ - $ 20,948,344 Restatements 43,168 Beginning of Fiscal Year•as restated - - - 3,975,217 3,975,217 - 20,455,246 20,455,246 - 20,991,512 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) - - - 83,720 381,294 297,574 (4,673,330) 1,448,169 6,121,499 (536,266) Residual Equity Transfers 24,578 End of Fiscal Year $ S $ $ 4,058,937 $ 4,356,511 S 297,574 $ 15,781,916 S 21,903,415 $ 6,121,499 $ 20,455,246 79 71 t 1 1 This page intentionally left blank. , 1 II OWmF- fnW � � - UW lt_ DZO This page intentionally left blank. , 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 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 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. 1 CITY OF RANCHO CUCAMONGA Schedule 7 COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS JUNE 30, 1996 _ Public TOTALS Improvement Redevelopment June 30, A S S E T S Corporation Agency 1996 1995 Cash and Investments $ - $ 14,261,260 $ 14,261,260 $ 12,795,925 Cash and Investments with fiscal agent 288,751 5,533,708 5,822,459 7,325,718 Receivables(net of allowance for uncollectibles): Taxes - 605,602 605,602 87,502 Due from other funds 97,859 97,859 330,929 Total Assets $ 288,751 $ 20,498,429 $ 20,787,180 $ 20,540,074 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ 1,169,551 $ 1,169,551 $ 385,760 Due to other funds - 97,993 97,993 244,733 Due to other governments 611 611 611 Total Liabilities 1,268,155 1,268,155 631,104 Fund Balances: Reserved for encumbrances - 85,067 85,067 - Unreserved: Designated for debt service 288,751 19,145,207 19,433,958 19,908,970 Undesignated Total Fund Balances 288,751 19,230,274 19,519,025 19,908,970 Total Liabilities and Fund Balances $ 288,751 $ 20,498,429 $ 20,787,180 $ 20,540,074 80 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, 1996 Public TOTALS Improvement Redevelopment Year ended June 30, Corporation Agency 1 9 9 6 1 9 9 5 Revenues: Taxes $ - $ 17,721,077 $ 17,721,077 $ 15,707,722 Use of money and property 16,153 501,899 518,052 432,285 Total Revenues 16,153 18,222,976 18,239,129 16,140,007 Expenditures: Current: General government - 283,140 283,140 1,685,115 Capital Outlay - 445,858 445,858 2,497,684 Debt Service: Principal 310,000 8,142,442 8,452,442 3,560,000 Interest and fiscal charges 88,850 6,698,308 6,787,158 7,550,669 Total Expenditures 398,850 15,569,748 15,968,598 15,293,468 Excess of Revenues over (under) Expenditures (382,697) 2,653,228 2,270,531 846,539 Other Financing Sources(Uses): Operating transfers in 374,715 8,733,619 9,108,334 10,776,416 Operating transfers out - (11,180,810) (11,180,810) (12,144,027) Miscellaneous (588,000) (588,000) (575,672) Total Other Financing Sources(Uses) 374,715 (3,035,191) (2,660,476) (1,943,283) Excess of Revenues and Other Sources over(under) Expendi- tures and Other Uses (7,982) (381,963) (389,945) (1,096,744) Fund Balances: Beginning of Fiscal Year 296,733 19,612,237 19,908,970 21,005,714 End of Fiscal Year(Schedule 7) $ 268,751 $ 19,230,274 $ 19,519,025 $ 19,908,970 81 CITY OF RANCHO CUCAMONGA Schedule 9 COMBINING SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, REDEVELOPMENT AGENCY 1 9 9 6 1 9 9 5 Variance- Variance- Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes $16,820,300 $ 17,721,077 $ 900,777 $ 16,820,300 $ 17,721,077 $ 900,777 $ 15,707,722 Use of money and property 501,899 501,899 501,899 501,899 427,426 Total Revenues 16,820,300 18,222,976 1,402,676 16,820,300 18,222,976 1,402,676 16,135,148 Expenditures: Current: General government 5,000 283,140 (278,140) 5,000 283,140 (278,140) 1,685,115 Capital Outlay 572,500 530,925 41,575 572,500 530,925 41,575 2,497,684 Debt Service: Principal 8,729,960 8,142,442 587,518 8,729,960 8,142,442 587,518 3,560,000 Interest and fiscal charges 6,997,600 6,698,308 299,292 6,997,600 6,698,308 299,292 7,550,669 Total Expenditures 16,305,060 15,654,815 650,245 16,305,060 15,654,815 650,245 15,293,468 Excess of Revenues over (under) Expenditures 515,240 2,568,161 2,052,921 515,240 2,568,161 2,052,921 841,680 Other Financing Sources(Uses): Operating transfers In 8,732,600 8,733,619 1,019 8,732,600 8,733,619 1,019 10,776,416 Operating transfers out (8,736,500) (11,180,810) (2,444,310) (8,736,500) (11,180,810) (2,444,310) (12,144,027) Miscellaneous (588,000) (588,000) (588,000) (588,000) (575,672) Total Other Financing Sources(Uses) (3,900) (3,035,191) (3,031,291) (3,900) (3,035,191) (3,031,291) (1,943,283) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) 511,340 (467,030) (978,370) 511,340 (467,030) (978,370) (1,101,603) Adjustments: To adjust for encumbrances 85,067 85,067 85,067 85,067 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(GAAP Basis) 511,340 (381,963) (893,303) 511,340 (381,963) (893,303) (1,101,603) Fund Balances: Beginning of Fiscal Year 19,612,237 19,612,237 19,612,237 19,612,237 20,713,840 End of Fiscal Year $20,123,577 $ 19,230,274 $ (893,303) $ 20,123,577 $ 19,230,274 $ (893,303) $ 19,612,237 82 � vzcm W -Anmc- 0mmo rD � - man This page intentionally left blank. ' 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 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. ' 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 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. CITY OF RANCHO CUCAMONGA Schedule 10 COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS JUNE 30, 1996 TOTALS ' Assessment Districts Redevelopment June 30, A S S E T S 82-1 R 841 84.2 86-2 89-1 Agency 1 9 9 6 1 9 9 5 Cash and investments $ 227,556 $ 695,186 $ 31,335 $316,425 $ - $ 64,693,379 $ 65,963,681 $ 61,061,102 Investment-land held for resale - - - - 10,778,871 10,778,871 10,778,871 Receivables(net of allowance for uncollectible): Texas - - - - 151,401 151,401 21,876 Accounts - - 324 324 52,665 Interest - - - - - 266,615 266,615 286,708 Loan - - - 9,467,500 9,467,500 9,467,500 Due from other funds - - - - 43,868 43,868 247,720 Deposits - - - - 532,250 532,250 573,595 Advances to other funds - 4,290,000 4,290,000 4,290,000 Total Assets $ 227,556 $ 695,186 $ 31,335 $316,425 $ $ 90,224,208 $ 91,494,710 $ 86,780,037 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ - $ - $ - $ - $ 41,117 $ 41,117 $ 189,105 Accrued payroll payable - - - - - 384 Deposits - - 3,864 - - - 3,864 13,864 Due to other funds 128,525 128,525 1,840,283 Total Liabilities 3,864 169,642 173,506 2,043,636 Fund Balances: Reserved for encumbrances - - - - 67,870 67,870 2,352,197 Reserved for advances to other funds - - 4,290,000 4,290,000 4,290,000 Reserved for long-term loans - 9,467,500 9,467,500 9,467,500 Reserved for land held for resale - - - - 10,778,871 10,778,871 10,778,871 Unreserved: Designated for continuing projects - - - 65,450,325 65,450,325 56,433,003 Undesignated. 227,556 695,186 27,471 316,425 1,266,838 1,414,830 Total Fund Balances 227,556 695,186 27,471 316,425 90,054,566 91,321,204 84,736,401 Total Liabilities and Fund Balances $ 227,556 $ 695,186 $ 31,335 $316,425 $ $ 90,224,208 $ 91,494,710 $ 86,780,037 83 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, 1996 TOTALS Assessment Districts Redevelopment Year ended June 30, Revenues: 82-1 R 84-1 84-2 86-2 89-1 Agency 1996 1 9 9 5 Taxes $ - $ - $ - $ - $ $ 4,917,269 $ 4,917,269 $ 4,590,062 Use of money and property 13,878 62,772 1,911 20,701 4,412,973 4,512,235 3,751,064 Total Revenues 13,878 62,772 1,911 20,701 9,330,242 9,429,504 8,341,126 Expenditures: Current: General government - - 1,893,235 1,893,235 3,127,030 Engineering and public works 5,891 - - 4,064 18,797 - 28,752 28,302 Capital outlay - - - 26,589,859 26,589,859 16,382,718 Debt service: Principal - - - 718,239 718,239 265,478 Interest and fiscal charges 3,210,073 3,210,073 1,901,518 Total Expenditures 5,891 4,064 18,797 32,411,406 32,440,158 21,705,046 Excess of Revenues over (under) Expenditures 7,987 62,772 1,911 16,637 (18,797) (23,081,164) (23,010,654) (13,363,920) Other Financing Sources(Uses): Operating transfers In - - - - 3,105,408 3,105,408 880,510 Operating transfers out - - - (1,154,380) (1,154,380) - Loss on sale of land held - - - - - - (2,509,634) Debt proceeds - - - 27,117,351 27,117,351 10,148,814 Miscellaneous 527,078 527,078 (226,666) Total Other Financing Sources(Uses) 29,595,457 29,595,457 8,293,024 Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses 7,987 62,772 1,911 16,637 (18,797) 6,514,293 6,584,803 (5,070,896) Fund Balances: Beginning of Fiscal Year 219,569 632,414 25,560 299,788 18,797 83,540,273 84,736,401 89,935,218 Residual Equity Transfers (127,921) End of Fiscal Year(Schedule 10) $ 227,556 L695,186 $ 27,471 $ 316,425 $ $ 90,054,566 $ 91,321,204 $ 84,736,401 84 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 1 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 ASSESSMENT DISTRICT 82-1 R ASSESSMENT DISTRICT 84-1 ASSESSMENT DISTRICT 84-2 eriance- Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - $ - $ - It - S - $ - S - S - $ Use of money and property 7,650 13,878 6,228 44,910 62,772 17,862 1,000 1,911 911 Total Revenues 7,650 13,878 6,228 44,910 62,772 17,862 1,000 1,911 911 Expenditures: Current: General government - - - Engineering and public works 194,910 5,891 189,019 - - - - - Public safety - - - - - - Capital outlay Debt service: - - - - Principal - Interest and fiscal charges Total Expenditures 194,910 5,891 189,019 Excess of Revenues over (under)Expenditures (187,260) 7,987 195,247 44,910 62,772 17,862 1,000 1,911 911 Other Financing Sources(Uses): Operating transfers in - - - - - - - Operating transfers out - - - - - - Debt proceeds - - - - - - - Loss on sale of land held - - - - - - - Miscellanaous Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (187,260) 7,987 195,247 44,910 62,772 17,862 1,000 1,911 911 Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (187,260) 7,987 195,247 44,910 62,772 17,862 1,000 1,911 911 Fund Balances: Beginning of Fiscal Year 219,569 219,569 - 632,414 632,414 - 25,560 25,560 - Residual Equity Transfer End of Fiscal Year S 32,309 $ 227,556 $ 195,247 E 677,324 $ 695,186 $ 17,862 $ 26,560 S 27,471 $ 911 85 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 2 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 ASSESSMENT DISTRICT 86-2 ASSESSMENT DISTRICT 89-1 REDEVELOPMENT AGENCY Variance- Variance-- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - S - $ - $ - S - $ - $ 4,866,880 $ 4,917,269 $ 50,389 Use of money and property 12,500 20,701 8,201 - 4,412,973 4,412,973 Total Revenues 12,500 20,701 8,201 4,866,880 9,330,242 4,463,362 Expenditures: - Current: General government - 1,820,610 1,837,530 (16,920) Engineering and public works 4,222 4,064 158 18,800 18,797 3 - Public safety - - - - - - 620,000 55,705 564,295 Capital outlay - - - - - - 25,043,990 26,657,729 (1,613,739) Debt service: - - - Principe; - - - - - - 10,440,580 718,239 9,722,341 Interest and fiscal charges - 787,740 3,210,073 (2,422,333) Total Expenditures 4,222 4,064 158 18,800 16,797 3 38,712,920 32,479,276 6,233,644 Excess of Revenues over (under)Expenditures 8,278 16,637 8,359 (18,800) (18,797) 3 (33,846,040) (23,149,034) 10,697.006 Other Financing Sources(Uses): Operating transfers in - - - - 3,256,885 3,105,408 (151,477) Operating transfers out - - - - - (1,154,380) (1,154,380) - Debt proceeds - - - - - - 10,543,535 27,117,351 16,573,816 Loss on sale of land held - - - - - - MlScellerleOUa - 527,078 527,078 Total Other Financing Sources(Uses) 12,646,040 291595,457 16,949,417 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) 8,278 16,637 8,359 (18,800) (18,797) 3 (21,200,000) 6,446,423 27,646,423 Adjustments: To adjust for encumbrances 67,870 67,870 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 8,278 16,637 8,359 (18,800) (18,797) 3 (21,200,000) 6,514,293 27,714,293 Fund Balances: Beginning of Fiscal Year 299,788 299,788 - 18,797 18,797 - 83,540,273 83,540,273 - Residual Equity Transfer End of Fiscal Year $ 308,066 $ 316,425 $ 8,359 E (3) $ S 3 $ 62,340,273 $ 90,054,566 $ 27,714,293 86 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 3 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 T O T A L S-Year Ended June 30, 1996 1995 ar ance- Favorable Revenues: Budget Actual (Unfavorable) Actual Taxes $ 4,666,880 $ 4,917,269 $ 50,389 $ 4,590,062 Use of money and property 66,060 4,512,235 4,446,175 3,751,064 Total Revenues 4,932,940 9,429,504 4,496,564 8,341,126 Expenditures: Current: General government 1,820,610 1,837,530 (16,920) 3,127,030 Engineering and public works 217,932 28,752 189,180 28,302 Public safety 620,000 55,705 564,295 - Capital outlay 25,043,990 26,657,729 (1,613,739) 16,382,718 Debt service: Principal 10,440,580 718,239 9,722,341 265,478 Interest and fiscal charges 787,740 3,210,073 (2,422,333) 1,901,518 Total Expenditures 38,930,852 32,508,028 6,422,824 21,705,046 Excess of Revenues over (under)Expenditures (33,997,912) (23,078,524) 1019191388 (13,363,920) Other Financing Sources(Uses): Operating transfers in 3,256,885 3,105,408 (151,477) 880,510 Operating transfers out (1,154,380) (1,154,380) -Debt proceeds 10,543,535 27,117,351 16,573,816 10,148,814 Loss on sale of lend held - - - (2,509.634) Miscellaneous 527,078 527,078 (226,666) Total Other Financing Sources(Uses) 12,646,040 29,595,457 16,949,417 8,293,024 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (21,351,872) 6,516,933 27,868,805 (5,070,896) Adjustments: To adjust for encumbrances 67,870 67,870 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (21,351,872) 6,584,803 27,936,675 (5,070,896) Fund Balances: Beginning of Fiscal Year 84,736,401 84,736,401 - 89,935,218 Residual Equity Transfer (127,921) End of Fiscal Year $ 63,384,529 $ 91,321,204 $ 27,936,675 $ 84,736,401 87 LL u.. � Z � This page intentionally left blank. ' 1 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 84-1R 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. , I CITY OF RANCHO CUCAMONGA Schedule 13 COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 1996 TOTALS Special Deferred Assessment Districts June 30, A S S E T S Deposits Compensation 82-1 R 84-1 84-2 86-2 85-PO 88-2 89-1 93-3 1 9 9 6 1995 Cash and Investments $ $ - $ 2,159,543 $ 758,963 $335,116 $ 534,683 $2,132,268 $2,860,250 $1,066,702 $ 329,539 $10,177,064 $ 9,968,399 Cash and investments with trustee - 4,541,108 - - - - - 4,541,108 3,779,174 Restricted cash 7,421,981 - - - - - - 7,421,981 7,037,141 Receivables(net of allowance for uncollectibles): Accounts 20,356 - - - 8,509 - - 28,865 21,028 Interest - - - - 6,919 15,676 22,595 16,588 Taxes - - 2,796 4,065 531 2,221 36,544 1,059 - - 47,216 53,283 49,168 Due from other funds " Total Assets $ 7,442,337 $ 4,541,108 $ 2,162,339 $ 763,028 $335,647 L536,904 12,177,321 12,668,228 $1,082,378 $ 329,539 $22,238,829 $20,924,781 LIABILITIES AND FUND BALANCES I Liabilities: Accounts $ $- - " i ts payable $ 32,300 $ - $ - - $ $ 34,326 $ $ - $ $ 66,626 $ 145,850 Accrued payroll payable - 4,923 4,923 4,761 7,410,037 6,941,004 Deposits 7,410,037 - - - - 1,622 Due to other funds Deferred compensation payable - 4,541,108 - - - - 4,541,108 3,779,174 Bond Indenture reserves 476,900 171,679 205,934 125,000 478,067 1,457,580 1,457,580 Payable to trustee 1,685,439 763,028 163,968 330,970 2,013,072 2,868,228 604,311 329,539 8,758,555 8,594,770 1 Total Liabilities $ 7,442,337 $ 4,541,108 $ 2,162,339 $ 763,028 L335,647 L536,904 $2,177,321 1_2,868,228 $1,082,378 $ 329,539 $22,238,829 $20,924,781 I 88 CITY OF RANCHO CUCAMONGA Schedule 14 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 1 of 4 ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Balance Balance Assets: SPECIAL DEPOSITS July 1, 1995 Additions Deletions June 30,1996 Restricted cash $ 7,037,141 $ 826,409 $ 441,569 $ 7,421,981 Accounts receivable 21,028 20,356 21,028 20,356 Total Assets $ 7,058,169 $ 846,765 $ 462,597 $ 7,442,337 Liabilities: Accounts payable $ 115,543 $ 32,300 $ 115,543 $ 32,300 Deposits 6,941,004 882,540 413,507 7,410,037 Due to other funds 1,622 - 1,622 Total Liabilities $ 7,058,169 $ 914,840 $ 530,672 $ 7,442,337 DEFERRED COMPENSATION Assets: Cash and investments with trustee $ 3,779,174 $ 948,723 $ 186,789 $ 4,541,108 Total Assets Uabillties: Deferred compensation payable $ 3,779,174 $ 948,723 $ 186,789 $ 4,541,108 ASSESSMENT DISTRICT 82-1 R Assets: Cash and Investments $ 1,816,351 $ 946,096 $ 602,904 $ 2,159,543 Taxes receivable 17,394 2,796 17,394 2,796 Total Assets $ 1,833,745 $ 948,892 $ 620,298 $ 2,162,339 Liabilities: Bond Indenture reserve requirement $ 476,900 $ - $ $ 476,900 Payable to trustee 1,356,845 948,892 620,298 1,685,439 Total Liabilities $ 1,833,745 $ 948,892 $ 620,298 $ 2,162.339 ASSESSMENT DISTRICT 84-1 Assets: Cash and Investments $ 1,623,783 $ 1,017,204 $ 1,882,024 $ 758,963 Taxes receivable 9,547 4,065 9,547 4,065 Total Assets $ 1,833,330 $ 1,021,269 $ 1,891,571 $ 763,028 Liabilities: Payable to trustee $ 1,633,330 $ 1,021,269 $ 1,891,571 $ 763,028 Total Liabilities $ 1,633,330 $ 1,021,269 $ 1,891,571 $ 763,028 89 � r � r i. it � � r■rs � � r � �. r .� � � �. CITY OF RANCHO CUCAMONGA Schedule 14 Page 2 of 4 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1996 Balance Balance July 1, 1995 Additions Deletions June 30,1996 ASSESSMENT DISTRICT 84-2 Assets: Cash and Investments $ 248,796 $ 233,898 $ 147,578 $ 335,116 Taxes receivable 5,614 531 5,614 531 Total Assets $ 254,410 $ 234,429 $ 153,192 $ 335,647 Liabilities: Bond Indenture reserve requirement $ 171,679 $ - $ - $ 171,679 Payable to trustee 82,731 234,429 153,192 163,968 Total Liabilities $ 254,410 $ 234,429 $ 153,192 $ 335,647 ASSESSMENT DISTRICT 86-2 Assets: Cash and investments $ 456,116 $ 273,316 $ 194,749 $ 534,683 Taxes receivable 1,574 2,221 1,574 2,221 Due from other funds 49,016 49,016 Total Assets $ 506,706 $ 275,537 $ 245,339 $ 536,904 Liabilities: Bond Indenture reserve requirement $ 205,934 $ - $ - $ 205,934 Payable to trustee 300,772 275,537 245,339 330,970 Total Liabilities $ 506,706 $ 275,537 $ 245,339 $ 536,904 ASSESSMENT DISTRICT 85-PD Assets: Cash and Investments $ 1,855,067 $ 1,832,430 $ 1,555,229 $ 2,132,268 Accounts receivable - 8,509 - 8,509 Taxes receivable 18,541 36,544 18,541 36,544 Total Assets j-1,873.6-0 $ 1,877,483 $ 1,573,770 $ 2,177,321 Liabilities: Accounts payable $ 30,307 $ 34,326 $ 30,307 $ 34,326 Accrued payroll payable 4,781 4,923 4,781 4,923 Bond indenture reserve requirement 125,000 - - 125,000 Payable to trustee 1,713,520 1,838,234 1,538,682 2,013,072 Total Liabilities $ 1,873,608 $ 1,877,483 $ 1,573,770 $ 2,177,321 90 CITY OF RANCHO CUCAMONGA Schedule 14 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 3 of 4 ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Balance Balance ASSESSMENT DISTRICT 88-2 July 1,1995 Additions Deletions June 30,1996 Assets: Cash and Investments $ 2,709,660 $ 468,488 $ 317,898 $ 2,860,250 Interest receivable 6,919 - 6,919 Taxes receivable 613 1,059 613 1,059 Total Assets $ 2,710,273 $ 476,466 $ 318,511 $ 2,868,228 Liabilities: Payable to trustee $ 2,710,273 $ 476,466 $ 318,511 $ 2,868,228 Total Liabilities $ 2,710,273 $ 476,466 $ 318,511 $ 2,868,228 ASSESSMENT DISTRICT 89-1 Assets: Cash and Investments $ 1,008,084 $ 629,653 $ 571,035 $ 1,066,702 Interest receivable 16,588 15,676 16,588 15,676 Total Assets $ 1,024,672 $ 645,329 $ 587,623 $ 1,082,378 Liabilities: Bond indenture reserve requirement $ 478,067 $ $ _ $ 478,067 Payable to trustee 546,605 645,329 587,623 604,311 Total Liabilities $ 1,024,672 $ 645,329 $ 587,623 $ 1,082,378 ASSESSMENT DISTRICT 93-3 Assets: Cash and Investments $ 250,542 $ 445,051 $ 366,054 $ 329,539 Due from other funds 152 152 . Total Assets $ 250,694 $ 445,051 $ 366,206 $ 329,539 Liabilities: Payable to trustee $ 250,694 $ 445,051 $ 366,206 $ 329,539 Total Liabilities $ 250,694 $ 445,051 $ 366,206 $ 329,539 91 CITY OF RANCHO CUCAMONGA Schedule 14 Page 4 of 4 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Balance Balance TOTALS-ALL AGENCY FUNDS July 1, 1995 Additions Deletions June 30, 1996 Assets: Cash and Investments $ 9,968,399 $ 5,846,136 $ 5,637,471 $ 10,177,064 Cash and Investments with trustee 3,779,174 948,723 186,789 4,541,108 Restricted cash 7,037,141 826,409 441,569 7,421,981 Accounts receivable 21,028 28,865 21,028 28,865 Interest receivable 16,588 22,595 16,588 22,595 Taxes receivable 53,283 47,216 53,283 47,216 Due from other funds 49,168 49,168 Total Assets $ 20,924,781 $ 7,719,944 $ 6,405,896 $ 22,238,829 Liabilities: Accounts payable $ 145,850 $ 66,626 $ 145,850 $ 66,626 Accrued payroll payable 4,781 4,923 4,781 4,923 Deposits 6,941,004 882,540 413,507 7,410,037 Deferred compensation payable 3,780,796 948,723 188,411 4,541,108 Bond Indenture reserve requirement 1,457,580 - - 1,457,580 Payable to trustee 8,594,770 5,885,207 5,721,422 8,758,555 Total Liabilities $ 20,924,781 $ 7,788,019 $ 6,473,971 $ 22,238,829 92 This page intentionally left blank. tn -� mtnu� v vmx - -n r > Mmzm � This page intentionally left blank. ' 1I CITY OF RANCHO CUCAMONGA Schedule 1S STATEMENT OF GENERAL FIXED ASSETS JUNE 30, 1996 TOTALS 1996 1995 General Fixed Assets: Land $ 35,315,539 $ 35,308,968 Building Improvements 54,948,871 54,844,029 Improvements other than buildings 55,711 55,711 Equipment and vehicles 14,389,335 13,364,464 Furniture and fixtures 3,368,576 3,343,206 Construction In progress 3,544,038 2,806,542 Total General Fixed Assets Ll $109,722,920 Investment In General Fixed Assets Purchased prior to July 1, 1995-Unclassified $ 64,444,358 General Fund 840,001 Special Revenue Funds 674,195 Capital Project Funds 41,484,713 Fire District 3,886,141 Federal Grants 4,769 State Grants 268,600 Asset Seizure Funds:State/Federal 19,293 Total Investment In General Fixed Assets $111,622,070 $109,722,920 Note:Information Is not available on the funding sources for fixed assets acquired prior to July 1, 1995. 93 CITY OF RANCHO CUCAMONGA Schedule 16 SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY JUNE 30, 1996 Improvements Equipment Furniture Buildings other than and and Function and Activity Land Improvements Buildings Vehicles Fixtures Total General Government: City manager $ $ - $ - $ 19,551 $ 619 $ 20,170 Personnel - - - 7,306 2,214 9,520 City clerk - - - 115,624 9,098 124,722 Administrative services 106,000 5,861,243 292,310 6,935 6,266,488 Planning - - 175,990 5,987 181,977 Building and safety - 145,510 4,266 149,776 General city facilities 2,396,152 18,908,879 943,534 103,158 22,351,723 Assessment administration 78,871 497,100 710 576,681 Total 2,502,152 24,848,993 2,196,925 132,987 29,681,057 Public Safety 447,939 8,513 456,452 Engineering and Public Works 460,972 873,360 3,379,381 7,960 4,721,673 Community Services 22,137,440 8,002,893 225,159 294,800 30,660,292 Community Redevelopment 10,199,463 20,335,378 55,711 5,157,549 2,924,316 38,672,417 Fire Protection 15,512 888,247 2,982,382 3,886,141 Total General Fixed Assets Allocated to Functions $ 35,315,539 $ 54,948,871 $ 55,711 $ 14,389,335 $ 3,368,576 108,078,032 Construction in Progress 3,544,038 Total $ 111,622,070 94 r r r r r i r ■� r r. r r r r r r r �. r M M = am M = M MIM = = CITY OF RANCHO CUCAMONGA Schedule 17 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED JUNE 30, 1996 Restated Balance Balance Balance Function and Activity July 1,1995 Restatements July 1,1995 Additions Deletions June 30,1996 General Government: City manager $ 23,365 $ - $ 23,365 $ - $ 3,195 $ 20,170 Personnel 11,396 - 11,396 - 1,876 9,520 City clerk 91,265 - 91,265 37,567 4,110 124,722 Administrative services 27,799,638 (21,544,589) 6,255,049 36,380 24,941 6,266,488 Planning 198,779 - 198,779 7,872 24,674 181,977 Building and safety 131,780 - 131,780 24,070 6,074 149,776 General city facilities 22,547,786 - 22,547,786 33,596 229,659 22,351,723 Assessment administration 565,941 565,941 85,255 74,515 576,681 Total General Government 51,369,950 (21,544,589) 29,825,361 224,740 369,044 29,681,057 Public Safety 407,572 407,572 152,150 103,270 456,452 Engineering and Public Works 4,160,255 4,160,255 642,368 80,950 4,721,673 Community Services 30,631,314 30,631,314 55,858 26,880 30,660,292 Community Redevelopment 38,083,501 38,083,501 591,668 2,752 38,672,417 Fire Protection 3,808,375 - 3,808,375 133,308 55,542 3,886,141 Total General Fixed Assets Allocated to Functions 128,460,967 (21,544,589) 106,916,378 1,800,092 638,438 108,078,032 Construction in Progress 2,806,542 - 2,806,542 807,519 70,023 3,544,038 Total $131,267,509 $(21,544,589) $109,722,920 $ 2,607,611 $ 708,461 $ 111,622,070 95 i 1 1 This page intentionally left blank. ' 1 r i r r r r r r STATISTICAL SECTION y n r A H O z This page intentionally left blank. z 0 F U W a U F Fd' F EXHIBIT 1 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 1986-87 $3,437,497 $4,311,304 $ - $13,755,081 $2,514,684 $ $6,065,219 $8,557,666 $38,641,451 1987-88 5,496,299 6,855,023 3,988,871 (3) 5,609,291 1,473,798 - 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 (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 EXIHBIT 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 1986-87 $16,877,008 $3,388,450 $2,790,180 $3,141,610 $5,905,621 $184,847 $5,243,109 $90,135 $37,620,960 1987-88 21,503,933 2,548,542 5,336,914 3,656,466 5,845,097 256,861 9,245,745 4,210,878 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 (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 97 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 1986-87 $2,678,753,824 $311,258,610 $2,990,012,434 $151,427,130 $3,141,439,564 $3,141,439,564 $95,133,356 $3,046,306,208 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 14,532,065 6,194,145,214 340,718,049 6,534,863,263 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 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 1986-87 1,106,392 1,148,006 103 1987-88 1,280,269 1,383,181 108 1988-89 1,333,498 1,399,699 105 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 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 99 EXHIBIT 5 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING PROPERTY TAX RATE Last Ten Fiscal Years Chino Basin City or 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 1986-87 0.0361 1.000 0.0111 0.0148 0.0071 0.0493 1.1184 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 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 Delinuuent Assmts 1986-87 $3,393,052 $3,393,052 100.00% $ - 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 Source: Finance Division, Resource Center 101 CITY OF RANCHO CUCAMONGA Special Assessment Collections Assmis. Total Collected Assmts. Assessments 9910'° Outstanding $5.301 , 182 0.9% FISCAL YEAR 1995/96 Ln tax EXHIBIT 7 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING BONDED DEBT 1995-96 Accessed Valuation: ,741.006,535 DIRECT AND OVERLAPPING BONDED DEBT- % Applicable Debt 6/30/96 San Bernardino Co. General Fund&Pension Obligations 7.519 % $106,526,147 Metropolitan Water District 0.540 3,266,433 Chino Basin Mun. Water Dist. Authority 18.305 32,949 Direct Debt 0.02% Chaffey Community College Dist. Certs. of Participation 18.239 1,448,177 Chaffey Jt. Union H.S. Dist.-Certs of Participation 38.014 2,261,833 Total Gross Debt 4.66% Alta Loma School District 98.471 8,168,169 Total Net 4.66% Central School District&Certs. of Participation 96.811 23,839,709 Cucamonga School District -Certs of Participation 39.786 6,316,028 Cucamonga County Water District 88.806 399,627 SHARE OF AUTHORIZED AND UNSOLD BOND Cucamonga County Water District, I.D. #5 95.534 2,206,835 Metropolitan Water District -0- Rancho Cucamonga Redevelopment Agency 100.000 111,740,000 Alta Loma School District -0- Etiwanda School Dist. Community Facilities Dist. #1,#2,#3 100.000 17,535,000 Cucamonga School District -0- City of Rancho Cucamonga-Certs. of Participation 100.000 1,070,000 City of Rancho Cucamonga Cmnty. Fac. Dist. #84-1 100.000 20,595,000 City of Rancho Cucamonga 1915 Act Bonds 100.000 8,020,000 STATE SCHOOL BUILDING AID Fontana Unified School District&C.O.P. 0.460 389,819 REPAYABLE AS OF 6/30/96: $4,001,978 Upland Unified School District C.O.P. 0.120 4,302 TOTAL DIRECT&OVERLAPPING BONDED DEBT $313,820,028 Source: California Municipal Statistics, Inc. 103 EXHIBIT 8 CITY OF RANCHO CUCAMONGA Legal Debt Margin (General Obligation Bonds) June 30, 1996 Assessed valuation $6,741,006,535 Debt limit - 15% of assessed valuation $1,011,150,980 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 $1,011,150,980 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 1986-87 1987-88 1988-89 1989-90 1990.91 1991-92 1992-93 1993-94 199495 1995-96 July 1,773 1,425 1,232 428 418 278 326 238 300 237 August 1,587 1,769 1,751 459 327 262 230 344 288 232 September 1,064 1,547 1,373 351 192 248 245 305 242 225 October 2,219 1,084 1,941 512 328 284 268 222 191 321 November 1,126 837 1,470 358 274 200 255 283 270 191 December 1,289 848 1,068 268 303 195 223 237 170 158 January 1,742 973 1,448 337 228 171 182 264 131 249 February 1,455 1,246 1,167 359 317 243 149 281 257 185 March 1,775 1,820 1,689 410 257 295 298 442 196 209 April 1,468 1,225 1,649 396 335 231 315 201 214 226 May 1,294 1,708 1,927 372 313 274 262 307 307 250 June 1,577 1,981 1,964 408 312 365 385 348 280 218 TOTAL 18,369 16,463 18,679 4,658 3,604 3,046 3,138 3,472 2,846 2,701 Source: Building and Safety Division 105 CITY OF RANCHO CUCAMONGA Building Permits Thousands 20 15 10 ■ ■ ■ ■ ■ ■ ■; 1986-87 87-88 88-89 89-90 90-91 91 -92 92-93 93-94 94-95 1995-96 Fiscal Year IMNO.Of Permits Issued 106 EXHIBIT 10 CITY OF RANCHO CUCAMONGA CONSTRUCTION ACTIVITY ' BUILDING PERMIT VALUATION 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 July $41,935,297 $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 August 22,952,826 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 September 24,218,811 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 October 9,885,316 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 November 14,416,666 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 December 25,215,286 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 January 30,521,731 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 February 12,217,137 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 March 33,979,691 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 April 41,009,272 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 May 10,459,244 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 June 24,066,664 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 TOTAL 290,877,935 350,325,746 397,438,258 198,839,268 126,694,091 73,836,809 85,093,454 102,711,672 117,778,164 119,994,268 Source: Building and Safety Division 107 CITY OF RANCHO CUCAMONGA Construction Activity Millions $500 $400 $300 $200 $100 All $0 i r � —� 1986-87 87-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 1995-96 Fiscal Year mValue Of Permits Fp 109 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 1987 80,420 8.9% 1,167,175 6.9% 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% 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. 109 DEMOGRAPHIC STATISTICS DEMOGRAPHIC STATISTICS City Of Rancho Cucamonga County Of San Bernardino ,po10 i m, ,� „� ,,� ,� , � - 110 EXHIBIT 12 CITY OF RANCHO CUCAMONGA PRINCIPAL TAXPAYERS(1) June 30, 1996 TOP 25 PRODUCERS Albertson Ameron Best Buy Circle K Circuit City Claim Jumper Giorgio Inland Commercial Fueling Liquid Air McDonalds Mervyn Mobil Oil Montgomery Ward New England Newspaper Supply Office Depot Price Company Proficient Food Company Rykoff Sexton Inc. S W School Supply Service Merchandise Stater Bros. Tamco Target Vanguard Plastics Wal Mart (1) Based on sales tax revenues, listed alphabetically. Source: State Board of Equalization 111 EXHIBIT 13 CITY OF RANCHO CUCAMONGA PURCHASED INSURANCE POLICIES AS OF JULY 25, 1996 Coverage Maximum Coverage Company Remarks Auto Insurance $250,000 PARSAC One year policy -Expires 5/97 SFC 008585 $33,386 annual premium Boiler&Machinery Policy $9,500,000 Hartford Steam Boiler One year policy -Expires 10/26/96 BMI-LA-9934845 $9,071 annual premium Crime Policy $100,000 Aetna One year policy- Expires 7/24/98 Employee Surety 005 BY 100825831 BCA not billed as of July 25, 1996 Equipment Insurance $250,000 PARSAC One year policy-Expires 5/97 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 5/97 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 115,900 Number of Street Lights 9,145 Miles of Streets 446 Number of Signals 95 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 Number of Sworn Officers 81 Recreation and Culture: Number of Parks 20 with 236 acres Source: City Of Rancho Cucamonga - Various Departments 113