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HomeMy WebLinkAbout1995/06/30 Comprehensive Annual Financial Report City of Rancho Cucamonga, COMPREHENSIVE ANNUAL FINANCIAL UPORT Year Ended June 30, 1995 - w Y „w wl rp � t CITY OF RANCHO CUCAMONGA, CALIFORNIA Comprehensive Annual Financial Report ' Fiscal Year Ended June 30, 1995 ■ Prepared by Finance Department ' Susan M. Stark Finance Officer 1 This page intentionally left blank. ' 1 1 1 1 City of Rancho Cucamonga ' Table of Contents Page Number INTRODUCTORY SECTION ' Letter of Transmittal i City Officials xxi ' Organizational Chart xxii Geographic Location Diagram xxiii Certificate of Achievement for Excellence in Financial Reporting xxiv Certificate of Award for Outstanding Financial Reporting xv FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT I FINANCIAL STATEMENTS ' The notes to the financial statements are an integral part of the component unit financial statements 1 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 - Internal Service Fund 12 iExhibit E - Combined Statement of Cash Flows - Proprietary Fund Type 13 Enterprise and Internal Service Fund t City of Rancho Cucamonga Table of Contents ' NOTES TO FINANCIAL STATEMENTS 14 SUPPLEMENTARY SCHEDULES ' Schedule 1 - Balance Sheet- General Fund 53 Schedule 2 - Statement of Revenues, Expenditures and Changes in Fund Balances - General Fund 54 , Schedule 3 - Schedule of Revenues,Expenditures and Changes in Fund Balances -Budget and Actual (Budgetary Basis) - General Fund 55 Schedule 4- Combining Balance Sheet-All Special Revenue Funds 64 Schedule 5 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances-All Special Revenue Funds 65 Schedule 6 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual (Budgetary Basis) -All Special Revenue Funds 68 Schedule 7 - Combining Balance Sheet-All Debt Service Funds 77 Schedule 8 - Combining Statement of Revenues, Expenditures and Changes in ' Fund Balances- All Debt Service Funds 78 Schedule 9 - Combining Statement of Revenues,Expenditures and Changes in Fund Balances-Budget and Actual -All Debt Service Funds 79 Schedule 10 - Combining Balance Sheet-All Capital Projects Funds 80 Schedule 11 - Combining Statement of Revenues, Expenditures and Changes in . Fund Balances-All Capital Projects Funds 81 Schedule 12 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual (Budgetary Basis)-All Capital Projects Funds 82 Schedule 13 - Combining Balance Sheet-All Agency Funds 85 City of Rancho Cucamonga ' Table of Contents Schedule 14 - Combining Statement of Changes in Assets and Liabilities-All Agency Funds 86 Schedule 15 - Statement of General Fixed Assets 89 Schedule 16 - Schedule of General Fixed Assets by Function and Activity 90 ' Schedule 17 - Schedule of Changes in General Fixed Assets by Function and Activity 91 STATISTICAL SECTION Exhibit 1 - General Governmental Expenditures by Function 92 Exhibit 2 - General Government Revenue by Source 93 Exhibit 3 - Assessed Valuation of All City Property 94 Exhibit 4 - Property Tax Levies and Collections 95 Exhibit 5 - Direct and Overlapping Property Tax Rate 96 Exhibit 6 - Special Assessment Collections 97 1 Exhibit 7 - Direct and Overlapping Bonded Debt 99 Exhibit 8 - Legal Debt Margin(General Obligation Bonds) 100 Exhibit 9 - Number of Permits 101 Exhibit 10 - Construction Activity -Building Permit Valuation 103 Exhibit 11 - Demographic Statistics 105 ' Exhibit 12 - Principal Taxpayers 107 Exhibit 13 - Purchased Insurance Policies 108 Exhibit 14- Miscellaneous Statistical Information 109 This page intentionally left blank. 1 INTRODUCTORY SECTION z 0 F U W a 0 F U Ca O a F 1— z 0 F U W O F U r� A O a F z This page intentionally left blank. T H E C I T Y O F � Q A N C K O C U C A M O N G � 1 iDecember 11, 1995 The Honorable Mayor and Members of the City Council City of Rancho Cucamonga ' Rancho Cucamonga, CA 91730 Councilmembers: Submitted for your information and consideration is the Annual Financial Report for the year ended June 30, 1995. 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, 1994. 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 1 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 seven consecutive years (June 30, 1988 through June 30, 1994). We believe our current report continues to conform to the Certificate of Achievement program requirements, and we are submitting it to GFOA. 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 ^ 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 117,903 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, while audited financial statements are issued separately for the Rancho Cucamonga Public Improvement Corporation and the Rancho Cucamonga Redevelopment Agency. 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: I. 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 i 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, 1995, 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 fimds 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: I. 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 1994/95 REDEVELOPMENT AGENCY A. Economic Development/Marketing ' Economic development efforts in the Redevelopment Agency continued to focus on business attraction and retention. The Agency provided assistance to numerous companies in their relocation/expansion endeavors, which resulted in an impressive increase to the City's growing employment base. Due to successful negotiations,the Agency assisted Frito-Lay and BHP Steel in ' expansions to their existing facilities in Rancho Cucamonga, insuring the retention of 435 existing and the creation of 375 new jobs. Additionally, technical assistance was provided to several companies relocating to Rancho Cucamonga,resulting in over 500 new jobs. Though the Agency's ' Third Party Certification Program, assistance in bringing machinery into UL compliance has been provided to existing Rancho Cucamonga businesses. This assistance enabled Prestige Mold& Die to complete their expansion plans and preserved local jobs. The Agency contracted with the consulting firm, PHH Fantus, to develop a target industries study and economic development strategy. Scheduled for completion during the 1995/96 fiscal year,the 1 strategy will provide focus for the Agency's marketing and business attraction programs. ' The Agency also established a business visitation program during this fiscal year. The goal of this program is to personally call on local businesses to explain the role of the Redevelopment Agency in business retention. This approach assists in keeping open lines of communication between the City and its local businesses so that potential problems or concerns can be addressed before they become a major impediment to the operation of a successful business. B. Affordable Housing During this fiscal year, the Redevelopment Agency pursued a variety of innovative housing programs to meet the needs of Rancho Cucamonga residents. The Agency continued its partnership with the Northtown Housing Development Corporation in their neighborhood revitalization efforts. Construction began on Villa del Norte, which will provide 88 town homes available at affordable ' rents. The units were designed with large families in mind, and range from 3 to 5 bedrooms. Work has also begun on the infill portion of the Corporation's program. An architect has been selected and design work has begun on 12 of the single family lots, and the 14 unit Las Casitas project, which is being designed to fit the needs of single parent households. Discussions have begun with Neighborhood Housing Services to develop a program for first-time home buyers. 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 home buyers program ' using Single Family Mortgage Revenue Bonds. It is anticipated that all three home buyer programs will be implemented in the 1995/96 fiscal year. v The Agency also continued cooperative efforts with Southern California Housing Corporation to ' provide affordable units in existing rental complexes throughout the City. These cooperative efforts accomplish a goal of the Redevelopment Agency to work with the private sector in providing an improved quality of life for all Rancho Cucamonga Residents. ENGINEERING , Significant capital projects for fiscal year 1994/95 included a major local street rehabilitation project. This project resurfaced nearly 40 lane miles of local streets primarily in the west end of the City. The major projects were Carnelian Avenue from Base Line Road to north of 19th Street and 4th , Street from Haven Avenue to the City's west City limits. Construction of the Metrolink Station was completed in 1994/95, along with the improvement of , Milliken Avenue between Arrow Route and Foothill Boulevard. This latter project links the residential areas north of Foothill Boulevard to the industrial area and the Interstate 10 Freeway via Milliken Avenue. , Major capital projects completed were the Archibald Storm Drain from Deer Creek Channel to Feron Boulevard. , Traffic signals at Archibald Avenue and 8th Street and at Haven Avenue and Banyan Street were installed. Also, four signals along Milliken Avenue at Arrow Route, Jersey Boulevard, 7th Street , and 6th Street were installed during construction of the Metrolink Station and the Milliken Avenue Extension. , Projects funded through Community Development Block Grants reconstructed streets in the southwest portion of the City. Portions of Calaveras Avenue, Salina Avenue and Vinmar Avenue were improved. PLANNING ' A. Current Planning During the 1994/95 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 793 applications of all types,ranging from Home Occupation Permits to Tentative Tract maps. A , ' Major development projects which were processed included the Terra Vista Promenade (Home Depot),Town Center Square(Home Express,Barnes&Noble),Frito Lay,and the Northtown In-fill ' Affordable Housing Project. The continued strength of commercial construction also required significant attention during ' 1994/95. Major projects that went through plan check and/or were under construction included Empire Lakes Golf Course, California Box, Town Center Square (Home Express, Ben Franklin), ' Mission Foods, Villa Del Norte, and BHP Steel. The Current Planning section was involved with many special projects. The first special project was ' development and installation of a sophisticated permit tracking software system. The second special project was working with GIS staff to create General Plan land use and zoning layers in the City's database. The Current Planning section was also involved with negotiating a joint use agreement with the Los Angeles Department of Water and Power for community trail purposes. The Planning Commission directed staff to prepare an amendment to the Sign Ordinance for service club signs. The Planning Commission also initiated and directed staff to change a street name in the Etiwanda ' area. A Development Code Amendment to establish new procedures for review of homes within the hillside area was initiated by the Planning Commission. Lastly, staff organized the Planning Commissions annual Awards for Design Excellence program. B. Advance Planning The State-mandated Housing Element was completed, adopted by the City Council, and submitted j to the State for approval. Five new County and six new governmental referrals were received and reviewed. All of the County ' and three of the governmental referrals required responses. The County referrals included the following: • North Etiwanda Open Space and habitat preservation program comprising an area of 7,243 acres. ' • Kaiser/Penske California Raceway Project Environmental Impact Report. • County General Plan Amendment to create the Etiwanda North Open Space District. • Valley Wide Habitat Conservation Plan. ' • Notice of Preparation for a San Sevaine - County Redevelopment Area. The Governmental Referrals requiring a response included the following: • University of California offer of sale to public agencies of 176 acres of open space habitat ' area within the Etiwanda North Area. ' vii i 1 • Westgate Specific Plan Notice of Preparation for an Environmental Impact Report by the , City of Fontana on a 955-acre site contiguous to the Rancho Cucamonga northeast boundary. • Guasti Plaza Specific Plan and Draft Environmental Impact Report for conversion of a 73- acre historic winery site in the City of Ontario to a commercial center. Historic preservation accomplishments included the following: , • Landmark designation of four Foothill Boulevard California Craftsman Houses (Campos) , and the Kincaid Ranch House. • During this period, five Landmark Alteration Permits were processed (Mueller, Klusman, , Campos, and Kincaid Ranch residences and the historic Etiwanda Palm and Eucalyptus Windrows) and four Mills act contracts were entered into by landmark property owners to , reduce property taxes and secure on-going maintenance for Sweeten Hall, Demens/Tolstoy Ranch House, G.P. Ledig House, and Kincaid Ranch House. C. Community Development Block Grant Administration This year saw the completion of several capital improvements projects, including design work for , one street improvement project in the southwest Cucamonga target areas as well as construction of improvements on Calaveras from 9th Street between Sierra Madre Avenue and Calaveras Avenue. Other work has included sidewalk repair and replacement throughout the target areas resulting in a , total of 4,218 square feet of sidewalk replacement. In order to accommodate handicapped persons, 1,640 square feet of curbing was replaced City wide. City crews removed approximately 15,790 , square feet of graffiti in the target area. Other improvements included replacement of the roof, repainting the exterior,installation of new vinyl flooring,and adding automated doors for Americans With Disabilities Act(ADA)compliance at the Neighborhood Center. , In the area of public service,the City continued to fund landlord/tenant and fair housing counseling services to approximately 347 households and 26 landlords. Public services were also provided to ' assist approximately 577 homeless or near homeless individuals. In addition 24,870 meals were provided to individuals in need and 22 peisons were assisted through the Y teen Program and 37 teen parents through the YW- Pact program. The Home Improvement Program completed 1 loan, 15 grants,and 12 emergency grants with funds obligated to one additional loan and 4 grants. In addition another 51 households were assisted with minor home repairs. The 1994/95 Comprehensive Housing Affordability Strategy (CHAS)Annual Plan and the 1994/95 Annual Performance Report were both completed during the 1994/95 fiscal year. viii ' D. Regional Planning ' Staff continued to provide the primary staff support to our Council's role in all Southern California Area Government(SCAG), San Bernardino Area Government(SANBAG),and Omnitrans matters. ' BUILDING AND SAFETY ' Building activity for fiscal year 1994/95 exceeded one hundred million dollars for the second consecutive year. Significant projects during the year included the Mission Foods Plan, BHP Steel, ' Empire Lakes Golf Course and Best Buy Electronics and Appliance Store. Reorganization of the Building & Safety Division was completed with the addition of the Code Enforcement Section from the Planning Division. Building & Safety now provides all plan checking, inspection and code enforcement service for development on private property. ' COMMUNITY SERVICES 1 The Community Services Department continued to devote its energy during fiscal year 1994/1995 to the provision of quality cultural, recreational and senior/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 1994/1995 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 & August, serves up to an additional 250 children. ' The contract classes program continued to be a successful part of the Community Services Department. In 1994/1995, we offered more than 1,000 classes throughout the year and provided leisure activities to more than 10,000 individuals. Annual events continuing to garner the enthusiasm and participation of the community included: • The annual Bunny Trail Breakfast and Breakfast with Santa were offered. These two events saw more than 100 participants celebrate Springtime with the Bunny and approximately 200 children ' and parents dine with Santa! Breakfast for these events was provided as a community service project by the Rancho Grande Kiwanis Club. ' ix 1 • The Egg Hunt, held at three sites(Red Hill Park,Adult Sports Complex&Windrows Park),had over 2,000 participants. Other activities included a nine-week Summer Day Camp,the Kid Explorers Summer Program, and ' the "Just For Kids" workshops offered to the youth of our community. B. Family Program/Activities , Family oriented programs and activities also offered during fiscal year 1994/1995 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 I Oth annual season of Concerts in the Park presented six concerts offering a variety of music where nearly 8,750 residents enjoyed evenings of music under the stars. This was the first year that Community Services Department along with Lewis homes sponsored a Lunchtime Concert , Series held at the Terra Vista Town Center. • 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 16,000 residents celebrated our City's 17th anniversary of cityhood by attending our Founders Day Parade and Celebration held on the second Saturday of November with a theme , of"Viva Rancho Cucamonga." • Movies in the Park provided nearly 4,000 residents with six weeks of family movies on Tuesdays , and Fridays. Special theme contests were again offered as an enhancement to 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 33,500 in 94/95. 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 & Recreation Commission meeting. TRAC members also receive a monthly newsletter, the TRAC Tattler with information about upcoming activities and volunteer opportunities. Thanks to the active participation of young adults in the Teen Recreation Activity Club (TRAC), many programs and activities were supported through their volunteer efforts. , x , • 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. e Our first annual Teen Job Fair was held in May and attracted over 200 teens. The Job Fair ' featured educational sessions and a local business vendor fair. ' D. Sports • The City began its first Youth Roller Hockey program at the expanded parking lot on Rochester across from the Epicenter. Over 1,530 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 1 st highest in the state amongst cities. ' • In the second year of Women's Soccer at the adult sports park,it grew from 24 teams to 60 teams (1,020 players). ' • Summer Swim Lessons attracted over 3,400 participants. This is the largest summer swim lesson program in the County of San Bernardino. Over 6,700 children participated in the recreational swim program. • Pee Wee Deck Hockey was introduced at the Adult Sports Park expanded parking lot. Over 170 ' three to five year old boys and girls participated. • Pee Wee Soccer in its fourth year grew from 260 to 420 participants(3-5 year olds)this last year, ' and Pee Wee Baseball attracted 750-three to five year olds to learn the basic fundamentals of baseball. ' • This was the first year to use the Rancho Cucamonga High School for the youth basketball program(700 boys and girls) in exchange for allowing the high school to use the Epicenter for their graduation ceremonies. • In order to keep registration prices affordable, fundraising and sponsorships were implemented. Over$29,500 was raised to augment the youth sports registration fees. E. Senior Programs/Activities ' Senior Advisory Committee ' The Senior Advisory Committee consists of 15 seniors who meet on a monthly basis providing hundreds of volunteer hours to their city and input on senior issues and concerns. The Committee ' has provided input on programs such as the senior exercise class, senior interest surveys, safety issues and implementation of senior tournaments including an art show/sale, tennis, cards and billiards. The Committee has also provided input on facility renovations and the conversion of the , community center to a senior citizen center. The Silver Fox is a monthly newsletter published by the staff at the Neighborhood Center providing , a monthly schedule of activities for seniors and a variety of information on such items as safety ' issues, health concerns, City news, spotlights on area senior citizens, etc. Over 800 copies of the Silver Fox are distributed each month. Senior ballroom dances are held on the first Tuesday of the month with the V.I.P. Club and the City co-sponsoring the live entertainment. Special events, co-sponsored with the Senior VIP Club, are held bi-monthly. Monthly mini-events have included such activities as ice cream day, hobby day, , and national game show day to name just a few. Weekly classes consist of a stretch, tone and condition senior exercise class, a joint efforts class for seniors who have arthritis, a country and western line dance,oil painting,tole painting,ceramics,topiary,candy making and cake decorating. , Other activities for senior citizens include billiards,birthday celebrations, bingo, canasta, pinochle, , bridge, bowling leagues, arts and crafts, oil painting, a driver re-training class, monthly education presentations as well as a monthly program featuring a geriatric physician presenting information on various senior citizen health related topics. A Sunday Supper is offered the first Sunday of each , month in conjunction with the Senior VIP Club. This event is open to all area seniors and provides a Sunday afternoon of fellowship and activity for seniors. E. Human Services Programs/Activities , During Fiscal Year 1994/1995 over 55,000 information and referral requests pertaining to a variety , of questions and needs such as food stamps, senior services, health care,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 Neighborhood Center on a monthly basis. Omnitrans bus passes and I.D. cards were also sold at the Center. Daily Nutrition meals, health screenings, legal aid, blood , pressure screenings, 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. xii ' ' 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 include the Community Health Fair, a Flu Shot 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. ' F. Epicenter Events & Rentals ' Fourteen events took place in the fiscal year such as the Beach Boys Concert, National Day of Prayer, Scout-O-Rama, and the Founders Day Celebration. The Rancho Cucamonga High School graduation and several commercial filmings were also hosted at the stadium. ' G. Other Highlights ' The City's quarterly newsletter, The Grapevine, serves as a strong link in uniting the three founding communities of Alta Loma,Cucamonga and Etiwanda. In addition,the quarterly newsletter informs the City's rapidly growing population of new policies, development, activities and recreational ' opportunities taking place in the community. This year The Grapevine has grown to 40 pages for Winter, Spring and Fall issues and 44 pages for the Summer issue. ' POLICE DEPARTMENT ' A. Solution Oriented Policing/Gang Unit ' The unit is now in its second full year of operation and is effectively addressing community oriented policing and gang related issues. During the past year the unit has organized and participated in specific crime and cleanup sweeps in the Northtown area,the Lomita Apartment Complex, and the ' Woodhaven Apartments. In its largest operation,the unit in a city wide sweep,utilized eighty-five (85)officers from various agencies to make twenty-four(24) arrests in a half day operation. ' B. Asset Seizure The department continues to utilize seizure funds as the result of its continuing participation in the ' I.R.N.E.T.Narcotics Task Force. Two(2)of the highlights for the past year, which benefited both the police and other city departments, was the completion and activation of both the Automated ' Citizen Information System (A.C.I.S.)and the Automated Attendant System(A.T.S.). xiii C. Citizen Advisory Committee ' In January, 1995, a new Chief of Police took command of the department and began developing ' and implementing a voluntary advisory committee comprised of city residents. The purpose of the committee was to establish a closer tie to the community and develop lines of communication. The committee currently has nineteen (19)active members and meets on a quarterly basis. , LIBRARY , In September of 1994,the City opened the doors of its first municipal public library. In a ceremonial , ribbon cutting performed to an audience of 300,residents had their first glimpse at the 25,000 square foot facility, with an opening collection of 40,000 books and 200 magazine subscriptions. The public also used 20 high speed computers to help them access the on-line catalog with a locally , mounted database containing full text of over 100 additional journals. The new library opened with an aggressive service agenda: open 7 days a week and access through computers nearly 24 hours each day. , During fiscal year 1994/95,a CD Rom Lan was created,hosting business titles like Thomas Register , and American Business Discas well as providing a unique source of full text newspapers for the past 5 years of the Los Angeles and the New York Times. A $90,000 literacy grant was awarded to the library in Spring of'95 to create a joint program in , partnership with the Upland Public Library and a special Weingarten Foundation Award was received to create a model CD Rom Lan for children to assist in homework support. ' By the end of fiscal year 1994/95,the library collection had grown to 90,000 items containing video tapes,compact discs and talking books. During the course of the year,425,000 items were borrowed , by the public. Over 4,000 youngsters attended a story time or a special children's program and 3,700 adults received a special guided tour of the facilities and the special collections the new library has to offer. Staff answered 76,000 information questions ranging from business stock quotes to local , school homework support and collected approximately $113,000 in fines, fees and donations. CASH MANAGEMENT , Cash not immediately needed to finance City operations during the year was invested in short-term , money market instruments in accordance with State laws governing deposit of public funds. The City invests in time deposits from 14 to 720 days maturity, issues of federal agencies, bankers , acceptances,mortgage securities and the State's Local Agency Investment Fund(LAIF). During the fiscal year 1994/95, 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. ' xiv ' 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 I 1 of the Notes to the Financial Statements of this report presents more detailed information about these issues. ' The Rancho Cucamonga Redevelopment Agency executed two term loans (approximately $6.4 ' million non-taxable and $2.3 million taxable) with Sanwa Bank on September 14, 1994. The proceeds of the loans were 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 are payable semi-annually with a final maturity date of March 1, 2005 for the taxable loan and September 1, 2006 for the non-taxable loan. ' An agreement with San Bernardino County for withdrawal from the County Library System included a withdrawal cost in the amount of$750,000 to be paid to the County over the next ten years. RISK MANAGEMENT During fiscal year 1994/95 the Ci tyof 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 one hundred thousand dollars of loss for general liability claims and purchases coverage from one hundred thousand to ten 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. xv III. PROSPECTS FOR THE FUTURE , The revenue challenge for fiscal year 1995-96 will be the reductions in property tax due to wholesale reassessment of property throughout the San Bernardino County. Budgets such as the , Redevelopment Agency, the Fire District, and the Library, which are solely dependent upon the property tax,will be hit the hardest. By comparison,the City's General Fund will be only modestly , affected as the City receives only a slight portion (2.8%) of the one percent property tax. Nevertheless, any reduction in these revenues is a cause for concern given the limitations of , resources. Current estimates for 1995-96 revenue losses,which are accounted for by reductions in budgeted expenditures and an interfund transfer, are as follows: City's General Fund $ 165,730 ' Fire District $ 506,340 Library Services $ 67,950 ' Redevelopment Agency - $1,600,000 Property tax reassessments will have a serious impact on the Fire District given the fact that it is , nearly the sole source of revenues for the district's general fund. The reassessments come at a time when the Fire District has had to sustain a substantial hit in the form of a labor arbitration settlement totaling almost $600,000. In order to sustain the service levels of the district and avoid fiscal , calamity, $650,000 is scheduled to be transferred from the City to the Fire District for fiscal year 1995-96. Extreme care is being taken in the management of the fire service programs to achieve fiscal restraint until revenues recover. , Fiscal year 1995-96 will also be significant because it will be the fust year in which the City's , general fund will contain no further one time reimbursements as these have been exhausted in the 1994-95 and prior year budgets. The deliberate phasing out of eligible inter-fund reimbursements have allowed general fund revenues, such as sales tax, to catch up and replace these one time , reimbursements, just as expenditure cuts throughout have also allowed the City to transition through some very difficult times over the past five years. On April 7, 1993 the Utility User Fee Ordinance was adopted to provide a source of alternative local revenue after several years of the State taking away other traditional City revenues in order to backfill the State's own fiscal deficits. In spite of the Utility User revenue, additional budget cuts , were necessary and City staffing was reduced by 25%. However, being a fiscally prudent body,the City Council indicated a goal to address the eventual elimination of the Utility User Fee under the assumption that subsequent budget years remain stable. , In May 1995 the utility User Fee Reduction Model was adopted with the concept that: "When net , General Fund revenues from major General Fund indicators of the current fiscal year exceed the same net General Fund indicators of the prior fiscal year plus the CPI, a portion of this net new xvi ' general fund revenue increase shall be used to reduce the utility user fee". Thus a formula was put in place to begin reduction of the utility user fee after an initial base year(1995-96)has completed ' the audit cycle. Then came the California Supreme Court decision issued September 28, 1995 regarding Santa Clara ' County Local Transportation Authority v. Guardino in which the Supreme Court disapproved earlier decisions finding Proposition 62's voter approval requirements for general and special taxes ' unconstitutional. Proposition 62 was a November 1986 ballot initiative requiring that a general tax must be submitted to the electorate and approved by a majority of the voters voting in an election on the issue. A number of appellate courts later declared the majority vote requirement for general ' taxes included in Proposition 62 unconstitutional. However,the recent California Supreme Court decision found Proposition 62 not in violation of the constitution. ' Since September 28th, Santa Clara County, Los Angeles County,and at least three other cities have petitioned the California Supreme Court to re-consider. On October 30, 1995 the California Supreme Court announced.that it will give itself until December 27, 1995 to decide on the re- consideration. Because the Supreme Court decision is silent on the issue of pre-existing taxes, the future implications could be devastating to Rancho Cucamonga at a point in time when the City's financial situation is just beginning to stabilize. If pre-existing taxes are subsequently found to be invalid,the annual loss in 1994-95 revenues would amount to 20.2%of the City's General Fund. In light of the ' fact that the decision is not final and many questions remain unanswered, Rancho Cucamonga has adopted the conservative approach of waiting for final clarification by the Supreme Court to ' determine the full range of options for the City. ' 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$154 million reflects a decrease of $1 million over the previous fiscal year. Total financing sources available during the year amounted to approximately $103.4 million. Of this amount, $84.8 million was from governmental ' fund type resources, $10.1 million was from debt proceeds, and $12.3 million was from operating interfund transfers. xvii The increase and decrease over prior year reflected in the "Payment To Refunded Bond Escrow" and ' "Proceeds Of Refunding Bonds" categories appear in this year's report only as a comparison to the Redevelopment Agency's prior year bond issuance and defeasance. , The increase in debt proceeds is due to the Redevelopment Agency's implementation of two term , loans with Sanwa Bank for the purpose of funding a storm drain construction project and housing grants. , The$3.3 million increase in tax revenue is the result of three factors: Fiscal year 1994-95 was the , first full year of collections for the City's utility user's tax; Franchise fee revenues continued to rise resulting in an additional $.5 million; Sales tax increased over the prior year by approximately $.6 million as more new retail facilities continue to locate in Rancho Cucamonga. ' Intergovernmental revenues increased by$1.9 million due to funds received through Measure I/San , Bernardino County Commuter Rail (up by $1.1 million) and California State Proposition 108 / Passenger Rail & Clean Air Bond Act of 1990(up by $1.0 million). Use of Money and Property increased over the prior year by $1.9 million due almost entirely to increased income from investments of$1.2 million. Income from investments was able to increase ' over the prior year for the first time in approximately five years due to a more stable cash flow and an increase in funds available to invest. ' Development fees were in a slight decline during fiscal year 1994-95 with a cumulative decrease of , $.8 million in the Special Revenue funds of Systems Development (a decrease of$.5 million) and Drainage Facilities(a decrease of$.3 million). The Redevelopment Agency's participation in the Foothill Marketplace infrastruce project(Interstate 15 and Foothill Boulevard off ramp)included the purchase of land subsequently deeded to Caltrans ' for completion of the project. The $2.5 million Loss On Sale Of Land reflects this activity. The following is a recap of the 1994-95 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: xviii REVENUE BY SOURCE (amounts in thousands) Increase/ Revenue and Other 1994-95 Percent (Decrease) ' Financing Sources Revenue Of Total From 1993-94 Taxes $ 54,860 53.0% $ 3,320 Licenses& Permits 1,613 1.6 27 Fines& Forfeits 415 .4 31 Use of Property& Money 6,854 6.6 1,970 Intergovernmental 12,649 12.2 1,922 Charges for Services 2,124 2.1 56 ' Development Fees 2,806 2.7 ( 812) Other 3.478 3.4 (, 699) ' Total Operating Revenues: $ 84,799 $ 5,815 Gain/(Loss) On Sale Of Land ( 2,510) ( 2.4) ( 2,650) Payment To Refunded Bond Escrow Agent: -0- -0- 62,171 Proceeds Of Refunding Bonds -0- -0- ( 64,460) Debt Proceeds 10,149 9.8 4,484 ' Operating Transfers In 12,305 11.9 3,466 Miscellaneous 1.320) 1.3 127 ' TOTAL FINANCE SOURCES: $103,423 100.0 % $ 2,021 EXPENDITURE ANALYSIS ' During the 1994-95 fiscal year, expenditures and interfund transfers amounted to approximately $104.8 million which reflects an increase of$10.8 million when compared to the previous fiscal ' year. General Administration expenditures decreased over the prior year by $1.5 million. The majority ' of this decrease is reflected in a combination of the Redevelopment Agency $2.2 million decrease offset overall by the Capital Projects funds $.5 million increase in administration costs. These fluctuations were caused mainly by the agency's prior year bond activity and an increase in capital projects when compared to the prior year's activity. xix Capital Outlay increased over the prior year by $11 million largely due to the Redevelopment Agency's affordable housing projects ($7.0 million). As stated earlier in this report, construction began on Villa del Norte which will provide 88 town homes ranging in size from three to five , bedrooms. An architect has been selected and design work has begun on twelve the single family lots and on the fourteen unit Las Casitas project. Additional capital projects in Special Revenue funds of approximately $3.0 million reflects the construction of the Metrolink Station. , Community Services'increase reflects the addition in fiscal year 1994-95 of the City's first municipal ' public library which opened in September 1994. Also included in this category is a minor($80,000) increase in recreation fee activities. Community Development Block Grant increased grant activities by approximately$100,000 and the ' Landscape Maintenance Districts saw approximately$600,000 in district-wide projects such as plant material replacement, irrigation improvements, and parkway tree replacements. ' Increases to Public Safety -,Police and -Fire are both the result of salary negotiation settlements. The police increase is due to a multi year contract settlement by San Bernardino County. The impact , of this contract for fiscal year 1994-95 totaled approximately $718,000 and the final phase will be implemented by January 1996. The increase in Public Safety-Fire is the result of a labor arbitration settlement that included a retroactive payment of approximately $600,000 and an increased current ' year cost of$170,000. The following is a recap of the 1994-95 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. ' EXPENDITURES BY FUNCTION (amounts in thousands) , Increase/ 1994-95 Percent (Decrease) EQenditures Of Total From 1993-94 ' General Administration $ 12,571 12.0 % $ ( 1,545) Public Safety 9,053 8.6 718 Public Safety -Fire 9,081 8.7 771 , Engineering& Public Works 9,077 8.6 986 Community Development -7,165 6.8 673 Community Services 2,701 2.6 938 ' Capital Outlay 26,231 25.0 11,015 Debt Service 14.118 13.5 ( 1.7561 , Total Government Expenditures: $ 89,997 $ 11,800 Operating Transfers Out 14.851 14.2 921) TOTAL EXPENDITURES: $104,848 100.0 % $ 10,879 ' xx ' 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(1994-95) and the previous (1993-94) fiscal years: 1994-95 1993-94 ' (amounts in thousands) Operating Revenues $ 389 $ 462 Non-Operating Revenues 2.648 120 $ 3,037 $ 582 LESS: Operating Expenses ( 103) ( 116) ' NET INCOME/(LOSS): $ 2,934 $ 466 The Internal Service Fund(Capital Replacement/Fleet Maintenance)increased its retained eamings ' by$2.9 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. ' B. Enterprise Fund ' Fiscal year 1994-95 marked the second year of operations of the Enterprise Fund established for the Rancho Cucamonga Adult Sports Complex. This fund is supported by charges to customers, rental ' fees,and an admission tax. The Enterprise Fund accounts for personnel and operating costs directly associated with the operations of this facility. The following represents activity during the current (1994-95) and previous (1993-94) fiscal years: 1994-95 1993-94 (amounts in thousands) ' Operating Revenues $ 706 $ 450 Non-Operating Revenues 727 627 $ 1,433 $ 1,077 LESS: Operating Expenses 1169 (1.081) ' NET INCOME/(LOSS): $ 264 $( 4) The Enterprise Fund had a net gain of$264,068 during the 1994-95 fiscal year. 1 xxi 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, 1995 the general fixed assets of the City amounted to$131,267,510. This amount represents the original cost ' of the assets, net of additions and deductions from July 1994 to June 30, 1995 and is considerably less than their present value. The system of accounting presently recommended by the Governmental Accounting Standards Board does not allow for the recording of depreciation of ' general fixed assets as an expense of governmental funds. 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. VII. ACKNOWLEDGMENTS , The cover photograph on this 1994-95 CAFR, taken by David A. Gautreau of The Control Room, , is the dining room of the historical Rains.House. John Rains and his wife Dona Merced purchased the Cucamonga Rancho in 1858 and built the first burned brick house in San Bernardino County. ' In 1862 John Rains was murdered and by the 1870's the land was being divided up when the rancho was sold at a Sheriffs sale to Isiah Hellman. 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. �� \bllLat I Jack Lam, AICP , City Manager Susan M. Stark Finance Officer ' ronda:disk:wp\highlts s=:c:wp\cafr695 xxii , ' CITY OF RANCHO CUCAMONGA, CALIFORNIA CITY OFFICIALS NNE 30, 1995 ' CITY COUNCIL ' Name 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 ' Al2MIMSTRATION 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 Administrative Services Director Robert Dominguez Finance Officer Susan Stark City Planner Brad Buller Building Official Bill Makshanoff ' City Engineer Joe ONeil ' Community Service Manager Suzanne Ota ' Library Manager Debra Clark xxiii The Rancho Cucamonga Team crN COUNCIL (RDA BOARD) ___ CITY CLERK CITY TREASURER (FIRE BOARD) PARK&RECREATION BOARDOF LIBRARY PLANNING/ �--------------- COMMISSION TRUSTEES W COMMISSIONRESERON I I 1 1 1 I I I i CITY ATTORNEY CITY MANAGER 1 1 1 (contract) --- (RDA EXEC.DIR.) 1 1 I I I x I 4 I I I I 1 I I I 1 I I I I ADMIMSTRATION I I I I I I 1 I I I I 1 I I 1 1 1 1 COMMUNITY j DEVELOPMENT DEPr. I I I I COMM. LAW FlRE - ADMBJ. EsE BLDG& ENG/PW&ICES SAFETY MAINE Lai Q A eke omfimd tiSon GaW pu/n A RANCHO ,c SAS•' MNw►s Cl1CM10NGA Gera Pasadena Rene 1W 12n —444FainRt 66 NO Son Bmudno Anmb a �n q . 1-0 j Odarro Catan Redacts . 60 �.�.�.�.� S(n. dna_ •` , . 60 1Svas�& I. Y @uttier LOS 1 Rbidn - ' SauB GateF—ks r"Ve QCs i 60 •` �vesde Oaarley f I J • , + �� 91 + Fdlertan p 60 Lakewood ' p� ^akIIoLoke tU�s Per's Wen L Laden Grm •♦ `♦ 6 • Sada kn =9 .�1 ABOUT RANCHO CUCAMONGA Rancho Cucamonga is situated in the southwest comer 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. i 1 1 Certificate of 1 Achievement for Excellence 1 in Financial 1 Reporting 1 Presented to City of Rancho Cucamonga, 1 California For its Comprehensive Annual ' Financial Report for the Fiscal Year Ended 1 June 30, 1994 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers ' Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial , reports(CAFRs)achieve the highest standards in government accounting and financial reporting. 1 VA` 1. t � F Gum 7M r President SEAL Executive Director , 1 xxvi 1 ttttt• tttt� tttt� ttttt• tttt� tttt� tttt� tttt� tttt� tttt� tttt� tttt� Bata tttt� ttttt• tttt� tttt� BtBtti tttt� i o Cali rna Societyf f o c7Runici al finance Officers Certificate of Award Outstanding financial JZeporting 1993-94 Presented to Cit o rancho Cucamonga* y 'his certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect a high level of quality in the annual ftnancial statements and in the underlying accounting system from which the reports were prepared J'Aruaj 27, 199S ( "u ' .%, 1. �sr 1�2� an .: niJsnl lTedicaW to Excellence in municipal financial Management 1 1 This page intentionally left blank. ' 1 1 1 1 1 FINANCIAL SECTION z 0 F U W .a U z z w This page intentionally left blank. z 0 F U W ►a U z z w ' nLance7200 S.Greenleaf Ave. Brandon.P Burrows Donaftl L.Parker & Suite 280 Michael K.Chu Whittier,California 90602 David E.Hale ghard (310)698-6727 Po (714)447-6727 Retired Robert C.Lance CERTIFIED PUBLIC ACCOUNTANTS Fax(310)693.1599 1914-1994 Richard C.Soll Fred J.Lunghard,Jr. 1 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, 1995 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 Nee of material misstatement. An audit includes examining, on a test basis, evidence 1 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 1 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, 1995, 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 MEMBER CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 51 sau- & .� Lun9ha r\•EI— , City Council City of Rancho Cucamonga Rancho Cucamonga. Such information has been subjected to the auditing procedures ' applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole. ' As discussed in Note 18 to the financial statements, the Rancho Cucamonga Redevelopment Agency (Component Unit of the City of Rancho Cucamonga) has determined that the amount of low and moderate housing set aside for the current and prior fiscal years have been computed on taxes allocated by the County of San Bernardino to the Agency. The County of San Bernardino has not reported to the Agency the amount of taxes held for County Free Library and County Flood Control District .purposes. For this reason the required low and moderate income housing set aside fund has been .calculated on the net taxes received by the Agency and not the gross taxes generated by the Project Area. The amount of available (undesignated) fund equity that would change as a result of making the proper calculation cannot presently be determined. The Agency has requested , information from the County of San Bernardino to compute the necessary adjustments; however, this was not available as of the date of the accompanying financial ' statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. 1 August 24, 1995 UOmm — ZWo m � Q �- WgWZF- (n This page intentionally left blank. ' r � r r� r� r r r■i � � r r �r r r r r �w �r � CITY OF RANCHO CUCAMONGA Exhibit A COMBINED BALANCE SHEET-ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30,1925 PROPRIETARY FIDUCIARY ACCOUNT GROUPS GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE General General TOTALS Special e tap Internal Fixed Long-Term (Memorandum Only) ASSETS AND OTHER DEBITS General Revenue Service Projects Enterprise Service Agency Assets Debt 1 9 9 5 1 9 9 4 Cash and investments(Note 3) $17,723,257 $21,726,712 $12,795,925 $ 61,061,102 $306,790 $6,082,118 $ 9,717,857 $ - $ - $129,413,761 $132,548,794 Cash and Investments with trustee(Note 3) - 7,325,718 - - - 3,779,174 - - 11,104,892 7,023,164 Restricted cash(Note 3) - - - - - 7,037,141 - - 7,037,141 6,636,844 Investment•land held for resale(Note 1) - - 10,778,871 - - - - - 10,778,871 10,778,871 Receivables(net of uncollectibles): 1,214,985 3,617,990 87,502 9,828,749 65,727 90,899 - - 14,905,852 12,592,043 Due from other funds(Note 13) 6,085,323 1,111,159 330,929 29,018 - 15,000 49,016 - - 7,620,445 7,108,006 Due from other governments - - - - - - - 4,615 Deposits(Note 5) 8,991 635,000 25,000 573,595 - - - - 1,242,586 2,905,124 Advances to other funds(Notes 6 and 13) 13,578,263 - - 4,290,000 - - - - 17,868,263 16,413,450 Fixed assets-net book value (Notes 7 and 8) - - - - 303,581 131,267,510 131,571,091 127,461,628 Amount available In debt service funds - - - - - - - 19,609,628 19,609,628 21,005,714 Amount to be provided for retirement of general long-term debt 130,195,667 130,195,667 122,729,078 Total Assets and Other Debits $38,610,819 127,090,861 $20.565,074 L86561,335 $372,517 16,400,699 $20,674,087 $131,267,510 $149,805,295 $481,348,197 $467,207,331 LIABILITIES,FUND EQUITY AND OTHER CREDITS Liabilities: Accounts payable It 1,212,870 $ 1,028,131 $ 435,096 $ 189,105 $ 96,058 $ $ 145,850 $ $ $ 3,107,110 $ 3,507,113 Accrued payroll payable 9,126 275,195 - 384 12,391 - 4,781 - 301,877 255,521 Accrued employee benefits(Note 11) 1,107,092 562,667 - 1,467,880 3,137,639 2,648,687 Deposits - 13,864 - - 6,941,004 - - 6,954,868 6,557,032 Due to other funds(Note 13) 2,390,957 3,361,552 26,031 1,840,283 - - 1,622 - - 7,620,445 7,108,006 Due to other governments - 142,230 494,319 - - - - 636,549 638,601 Deferred revenue(Notes 6 and 10) 5,557,036 174,444 - - - - - - - 5,731,480 6,037,124 Deferred compensation payable(Note 16) - - - - - 3,779,174 - 3,779,174 3,096,496 Obligation under capital leasee(Note 11) - - - - - - - - 979,015 979,015 1,088,785 Bond indenture reserve requirement - - - - 1,457,580 - 1,457,580 1,457,580 Payable to trustee - - - - - 8,344,076 - - 8,344,076 7,098,134 Advances from other funds(Notes 71 and 13) - - - - - 17,868,263 17,868,263 16,413,450 Bonds and notes payable(Note 11) - - - - - - 115,155,000 115,155,000 119,005,000 Developer loans payable(Note 11) 14,335,137 14,335,137 6,006,615 Total Liabilities 10,277,081 5,544,219 955,446 2,043,636 108,449 20,674,087 149,805,295 189,408,213 180,918,144 Fund Equity: Investment in general fixed assets - - - - 131,267,510 - 131,267,510 127,288,239 Retained earnings: Reserved(Note 14) - - - - 6,400,699 - - 6,400,699 3,560,532 Unreserved - - - - 264,068 - - 264,068 - Fund balances: Reserved(Note 14) 8,432,884 6,444,082 - 26,888,568 - - - - 41,765,534 43,585,321 Unreserved: Designated(Note 14) 19,900,854 4,869,648 19,609,628 56,433,003 - - - - - 100,813,133 100,367,958 Undesignated 10,232,912 1,196,128 11,429,040 11,487,137 Total Fund Equity and Other Credits 28,333,738 21,546,642 19,609,628 84,517,699 264,068 6,400,699 131,267,510 291,939,984 286,289,187 Total Liabilities,Fund Equity and Other Credits $38,610,819 $27,090,861 $20,565,074 $ 86,561,335 $372,517 $8,400,699 $20,874,087 1131,267,510 $149,805,295 $481,348,197 $467,207,331 Sea Notes to Financial Statements 3 CITY OF RANCHO CUCAMONGA Exhibit 8 Pagel of 2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1995 GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) General Revenue Service Projects 1995 1 9 9 4 Revenues: Taxes $ 19,798,763 $ 14,763,640 $ 15,928,424 $ 4,371,360 $ 54,860,187 $ 51,540,048 Licenses and permits 1,613,580 - - - 1,613,580 1,586,247 Fines and forfeits 352,046 63,150 - 415,196 384,110 Use of money and property 1,783,197 887,251 432,285 3,751,064 6,853,797 4,883,780 Intergovernmental 5,233,807 7,415,125 - - 12,648,932 10,726,941 Chargee for services 1,266,463 857,187 - - 2,123,670 2,067,524 Development fees - 2,805,661 - - 2,805,661 3,617,971 Other 3,401,518 76,683 3,478,201 4,177,113 Total Revenues 33,449,394 26,866,697 18,358,709 8,122,424 84,799,224 78,983,734 Expenditures: Current: General government 5,997,950 1,760,571 1,685,115 3,127,030 12,570,666 14,115,388 Public safety 9,053,236 - - - 9,053,236 8,335,701 Public safety•fire protection - 9,080,935 - 9,080,935 8,309,526 Engineering and public works 8,198,121 2,852,480 - 28,302 9,076,883 8,091,353 Community development 2,755,800 4,409,328 - - 7,165,128 6,492,001 Community services 1,050,641 1,650,256 - - 2,700,897 1,762,601 Capital outlay - 7,350,942 2,497,684 16,382,718 26,231,344 15,216,092 Debt service: Principal 230,944 447,882 3,560,000 265,478 4,504,304 8,562,106 Interest and fiscal charges 48,300 113,080 7,550,669 1,901,518 9,613,567 7,311,969 Total Expendeures 25,332,992 27,665,454 15,293,468 21,705,046 89,996,960 78,196,737 Excess of Revenues over (under)Expenditures $ 8,116,402 $ (796,757) $ 1,065,241 $ (13,582,622) $ (5,197,736) $ 786,997 See Notes to Financial Statements 4 �r � r � r r +� r r r r r r r it ■r r r r CITY OF RANCHO CUCAMONGA Exhibit 0 COMBINED STATEMENT OF REVENUES, Page 2 of 2 EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1995 GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) General Revenue Service Projects 1995 1994 Other Financing Sources(Uses): Operating transfers In $ 28,818 S 619,757 $ 10,776,416 $ 880,510 $ 12,305,501 $ 15,771,929 Operating transfers out (2,545,800) (161,474) (12,144,027) - (14,651,301) (15,771,929) Gain or(Loss)on sale of lend held - (2,509,634) (2,509,634) 140,853 Debt proceeds - - 10,148,814 10,148,814 5,664,694 Proceeds of refunding bonds - - 64,460,000 Payment to refunded bond escrow agent - - - - (62,171,485) Miscellaneous (1,093,716) (226,666) (1,320,382) (1,448,172) Total Other Financing Sources(Uses) (2,516,982) 458,283 (2,461,327) 8,293,024 3,772,998 6,645,890 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ 5,599,420 474) 98086 ,289,598) 4738) $ 7,432,8873815 ( 4 Fund Balances: Beginning of Fiscal Year-as previously reported $ 22,734,318 $ 21,765,168 $ 21,005,714 $ 69,935,218 $ 155,440,416 $147,418,583 Restatements(Note 14) 0 119,950 119,950 588,946 Beginning of Fiscal Year-as restated 22,734,318 21,885,116 21,005,714 89,935,218 155,560,366 148,007,529 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses 5,599,420 (338,474) (1,396,086) (5,289,598) (1,424,738) 7,432,887 Residual Equity Transfer(Note 14) (127,921) (127,921) End of Fiscal Year(Exhibit A) $. 28,333,738 $ 21,546,&42 S 19,609,628 $ 84,517,699 $ 154,007,707 Ll 55,44o,416 See Notes to Financial Statements 5 CITY OF RANCHO CUCAMONGA Exhibit C Page 1 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 30,1995 GENERAL FUND SPECIAL REVENUE FUNDS Variance- - Variance- Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $18,791,260 $ 19,798,763 $ 1,007,503 $ 13,489,640 $14,763,640 $ 1,274,000 Licenses and permits 1,507,600 1,613,580 105,980 - - Fines and forfeits 298,200 352,046 53,846 69,170 63,150 (61020) Use of money and property 732,320 1,783,197 1,050,677 454,340 887,251 432,911 Intergovernmental 4,030,020 5,233,807 1,203,787 15,041,320 7,415,125 (/,626,195) Charges for services 1,317,100 1,268,483 (50,617) 954,020 857,187 (96,833) Development fees - 1,982,590 2,805,681 843,071 Other 3,427,160 3,401,516 (25,842) 90,940 76,683 (14,257) Total Revenues 30,103,660 33,449,394 3,345,734 32,062,020 26,868,697 (5,193,323) Expenditures: Current: General government 7,994,680 6,054,650 1,940,030 2,137,850 1,760,571 377,279 Public safety 9,188,527 9,054,464 134,063 - - Engineering and public works 7,208,528 8,414,945 793,553 3,241,190 2,852,460 388,730 Community development 2,852,722 2,785,513 87,209 5,148,461 4,412,008 734,453 Community services 1,101,030 1,050,641 50,389 1,888,846 1,655,546 233,100 Public safety-fire protection - - - 9,541,290 9,080,935 460,355 Capital outlay - - 17,047,891 7,355,746 9,692,145 Debt service: Principal 300,000 230,944 69,056 290,000 447,882 (157,882) Interest and fiscal charges 50,900 48,300 2,600 119,709 113,080 6,629 Total Expenditures 28,696,387 25,639,457 3,056,930 39,413,037 27,678,228 11,734,809 Excess of Revenues over (under)Expenditures $ 1,407,273 $ 7,809,937 $ 6,402,664 $ (7,351,017) $ (309,531) $ 6,541,486 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 30,1995 GENERAL FUND SPECIAL REVENUE FUNDS Variance- Variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers in $ - $ 28,818 $ 28,818 S 938,800 $ 619,757 $ (316,043) Operating transfers out (1,342,730) (2,545,800) (1,203,070) (1,778,585) (161,474) 1,617,111 Gain(Loss)on sale of land held Debt proceeds _ Proceeds of refunding bonds Payment to refunded bond escrow agent Miscellaneous Total Other Financing Sources(Uses) (1,342,730) (2,516,982) (1,174,252) (842,785) 458,283 1,301,068 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) - 64,543 5,292,955 5,228,412 (8,193,802) (351,248) 7,842,554 Adjustments: To adjust for encumbrances(Note 1) 308,465 306,465 12,774 12,774 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications 64,543 5,599,420 5,534,877 (8,193,802) (338,474) 7,855,328 Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other Uses for nonbudgeted funds(Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basle) $ 84,543 $_5&99,420 $ 5,534,877 1_2,193 W 338,474) $ 7,855,328 Fund Balances: Beginning of Fiscal Year -as previously reported $22,734,318 $ 22,734,318 $ - $ 21,765,166 $21,765,166 $ Restatements(Note 14) & 119,950 119,950 Beginning of Fiscal Year-as restated 22,734,318 22,734,318 21,765,166 21,885,116 119,950 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis) 64,543 5,599,420 5,534,877 (8,193,802) (338,474) 7,855,328 Residual Equity Transfer(Note 14) End of Fiscal Year(Exhibit A) 122,798,861 $ 28,333,738 $ 5,534,877 $ 13,571,364 $21,546,642 $ 7,975,278 See Notes to Financial Statements 7 CITY OF RANCHO CUCAMONGA Exhibit C Page 3 016 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 30,1995 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance- Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $ 20,774,110 15,926,424 $ (4,847,686) $ 5,108,060 $ 4,371,360 $ (736,700) Licenses and permits - - Fines and forfeits - -Use of money and property - 427,428 427,428 48,350 3,751,064 3,702,714 Intergovernmental - - - - Charges for services - Development fees - - Other Total Revenues 20,774,110 16,353,850 (4,420,260) 5,156,410 8,122,424 2,966,014 Expenditures: - Current: General government 440,320 1,685,115 (1,244,795) 3,512,690 3,501,555 11,135 Public safety - - - Engineering and public works - - 42,010 28,302 13,708 Community development - - - - Community services - - - - - Public safety-fire protection - Capital outlay 64,300 2,497,684 (2,433,384) 15,961,640 18,360,390 (2,398,750) Debt service: Principal 18,186,680 3,560,000 14,626,680 8,019,320 265,478 7,753,842 Interest and fiscal charges 300,000 7,550,669 (7,250,669) 448,570 1,901,518 (1,452,948) Total Expenditures 18,991,300 15,293,468 3,697,832 27,984,230 24,057,243 3,926,987 Excess of Revenues over (under)Expenditures $ 1,782,810 $ 1,060,382 $ (722,428) $ (22,827,620) $ (15,934,819) $ 6,893,001 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 30,1995 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers in $ 10,639,540 $ 10,776,418 $ 136,876 $ - $ 880,510 $ 880,510 Operating transfers out (9,698,769) (12,144,027) (2,245,238) (5,771,190) - 5,771,190 Gain(Loss)on sale of land held _ (2509,634) (2 809 634) Debt proceeds - - - 11,242,220 10,148,814 (1,093,406) Proceeds of refunding bonds Payment to refunded bond escrow agent Miscellaneous (3,194,640) (1,093,716) 2,100,924 (226,686) (226,666) Total Other Financing Sources(Uses) (2,453,689) (2,461,327) (7,438) 5,471,030 8,293,024 2,821,994 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) (671,079) (1,400,945) (729,868) (17,358,790) (7,641,795) 9,714,995 Adjustments: To adjust for encumbrances(Note 1) 2,352,197 2,352,197 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications (671,079) (1,400,945) (729,866) (17,356,790) (5,289,598) 12,067,192 Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other Uses for nonbudgeted funds(Note 1) 4,859 4,859 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basis) S (871,079) LIL398,088) $ (725,007) S (17,356,790) 1_2,289,598L $ 12,067,192 Fund Balances: Beginning of Fiscal Year .as previously reported $ 21,005,714 $ 21,005,714 $ $ 89,935,218 $ 89,935,218 $ - Restatements(Note 14) Beginning of Fiscal Year-as restated 21,005,714 21,005,714 - 89,935,218 89,935,218 - Excess of Revenues and Other Sources over(under) Expenditures and Other Uses (GAAP Basis) (671,079) (1,396,086) (725,007) (17,356,790) (5,289,598) 12,067,192 Residual Equity Transfer(Note 14) (127,921) (127,921) End of Fiscal Year(Exhibit A) $ 20,334,635 $ 19,609,628 $ (725,007) $ 72,450,507 $ 84,517,699 $ 12,067,192 See Notes to Financial Statements 9 CITY OF RANCHO CUCAMONGA Exhibit C Page 5 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 30,1995 TOTALS(MEMORANDUM ONLY) 1995 1994 Variance- Favorable Budget Actual _(Unfavorable) Actual Revenues: Taxes $ $8,163,070 S 54,860,187 S (3,302,363) $ 51,540,048 Licenses and permits 1,507,600 1,613,580 105,980 1,588,247 Fines and forfeits 367,370 415,196 47,826 384,110 Use of money and property 1,235,010 6,848,938 5,613,928 4,880,077 Intergovernmental 19,071,340 12,648,932 (6,422,408) 10,728,941 Charges for services 2,271,120 2,123,670 (147,450) 2,067,524 Development fees 1,962,590 2,805,661 843,071 3,617,971 Other 3,518,100 3,478,201 (39,899) 4,174,845 Total Revenues 88,096,200 84,794,365 (3,301,035) 78,977,563 Expenditures: Current: General government 14,095,540 13,001,891 1,083,849 14,356,759 Public safety 9,188,527 9,054,464 134,063 8,335,701 Engineering and public works 10,491,728 9,295,707 1,196,021 8,135,202 Community development 7,999,183 7,197,521 801,662 8,506,577 Community services 2,989,676 2,706,187 283,489 1,803,375 Public safety-fire protection 9,541,290 9,080,935 460,355 8,309,526 Capital outlay 33,073,831 28,213,820 4,860,011 18,713,922 Debt service: Principal 26,796,000 4,504,304 22,291,696 8,562,106 Interest and fiscal charges 919,179 9,613,567 (8,694,388) 7,311,969 Total Expenditures 115,084,954 92,666,396 22,416,558 82,037,137 Excess of Revenues over (under)Expenditures $ (26,988,754) $ (7,874,031) $ 19,114,723 $ (3,059,574) See Notes to Financial Statements 10 CITY OF RANCHO CUCAMONGA Exhibit C COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 6 of 6 AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1995 TOTALS(MEMORANDUM ONLY) 1995 1994 Variance. Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Actual Operating transfers in $ 11,575,340 $ 12,305,501 $ 730,161 $ 15,771,929 Operating transfers out (18,791,294) (14,851,301) 3,939,993 (15,771,929) Gain(Loss)on sale of land held . 1 (2,509,634) (2,509,634) 140,853 Debt proceeds 11,242,220 10,148,814 (1,093,406) 5,664,694 Proceeds of refunding bonds 64,460,000 Payment to refunded bond escrow agent - (62,171,485) Miscellaneous (3,194,640) (1,320,382) 1,874,256 (1,446,714) Total Other Financing Sources(Uses) 831,628 3,772,998 2,941,372 6,647,348 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (28,157,128) (4,101,033) 22,056,095 3,587,774 Adjustments: To adjust for encumbrances(Note 1) 2,871,436 2,671,436 3,840,400 Excess of Revenues and Other Sources over(under)Expenditures and Other . Uses (GAAP Basis)-Budgetary Classifications (26,157,128) (1,429,597) 24,727,531 7,426,174 Other Adjustments: To record excess of Revenues and Other Sources over(under)Expenditures and Other Uses for nonbudgeted funds(Note 1) 4,859 4,859 4,713 Excess of Revenues and Other Sources over (under)Expenditures and Other Uses(GAAP Basis) S (26,157,128) $ (1,424,738) $ 24,732,390 $ 7,432,887 Fund Balances: Beginning of Fiscal Year -as previously reported $155,440,416 $155,440,416 $ - $147,416,583 Restatements(Note 14) 119,950 119,950 586,946 Beginning of Fiscal Year-as restated 155,440,416 155,560,366 119,950 148,007,529 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis) (26,157,128) (1,424,738) 24,732,390 7,432,687 Residual Equity Transfer(Note 14) (127,921) (127,921) End of Fiscal Year(Exhibit A) $129,155,367S 154,007,707 $ 24,852,340 $155,440,416 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, 1995 TOTALS Enterprise Internal Service Year ended June 30, Operating Revenues: Sports Complex Vehicle Replacement 1995 1 994 Charges for services $ 387,853 $ 388,740 $ 776,593 $ 755,299 Rents 317,942 317,942 155,807 Total Operating Revenues 705,795 388,740 1,094,535 911,106 Operating Expenses: Salaries and benefits 681,364 - 581,364 604,900 Administrative costs 6,926 6,926 8,110 Maintenance and operations 323,487 - 323,487 353,211 Contractual services 257,566 - 257,566 114,175 Vehicle and equipment maintenance - - - 3,499 Depreciation 102,828 102,828 112,226 Total Operating Expenses 1,169,343 102,828 1,272,171 1,196,121 Operating Income(Loss) (463,548) 285,912 (177,636) (285,015) Nonoperating Revenues: Operating transfers In 142,730 2,403,070 2,545,800 - Contributions from redevelopment agency - - - 505,091 Development cost reimbursement 416,667 - 416,667 - Interest Income - 245,190 245,190 119,915 Taxes 168,219 - 168,219 119,604 Miscellaneous 1,959 Total Nonoperating Revenues 727,618 2,648,260 3,375,876 746,569 Net Income 264,068 2,934,172 3,198,240 461,554 Retained Earnings: Beginning of Fiscal Year - 3,560,532 3,560,532 3,094,852 Restatement(Note 14) (94,005) (94,005) 4,126 Beginning of Fiscal Year-as restated - 3,466,527 3,466,527 3,098,978 Net Income 264,068 2,934,172 3,198,240 461,564 End of Fiscal Year(Exhibit A) $ 264,068 $6,400,699 $ 6,664,767 $ 3,560,532 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 30,1995 TOTALS Enterprise Internal Service Year ended June 30, Sports Complex Vehicle Replacement 1995 1994 Cash Flows from Operating Activities: Operating Income(Loss) (Exhibit D) $ (463,548) S 285,912 $ (177,636) $ (285,015) Adjustment to reconcile Operating Income to Net Cash: Depreciation - 102,828 102,828 112,226 Operating transfers in 142,730 2,403,070 2,545,800 - Development cost reimbursement 416,867 - _ 416,667 - Taxes 168,219 - 168,219 119,604 Contribution from redevelopment agency - 505,091 Adjustment to retained earnings (94,005) (94,005) - Miscellaneous Income - - 1,959 Changes In Assets and Liabilities: (Increase)decrease in taxes receivable 30,963 - 30,963 (30,963) (Increase)decrease In accounts receivable (43,126) - (43,126) 11,868 Increase(decrease) In due from other funds 505,091 - 505,091 (327,569) Increase(decrease) In accounts payable 48,484 - 48,484 (7,315) Increase(decrease) In accrued payroll payable (471) - (471) (6,742) Increase(decrease)In due to other funds (498,219) (498,219) 339,233 Total Adjustments 770,338 2,411,893 3,182,231 717,392 Net Cash Provided(Used)by Operating Activities 306,790 2,697,805 3,004,595 432,377 Cash Flows from Capital and Related Financing Activities: Principal payments on capital leases - (25,944) (25,944) (24,000) Acquisition of fixed assets 33,020 (233,020) Net Cash Provided(Used) by Capital and Related Financing Activities (258,964) (258,964) (24,000) Cash Flows from Investing Activities: Interest on Investments 245,190 245,190 119,915 Net Cash Provided(Used) by Investing Activities 245,190 245,190 119,915 Net Increase(Decrease) In Cash and Investments 308,790 2,684,031 2,990,821 528,292 - Cash and Investments at Beginning of Year 3,398,087 3,398,087 2,869,795 Cash and Investments at End of Year(Exhibit A) $ 306,790 $6,082,118 $ 6,388,908 $ 3,398,087 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, 1995 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 Cafrfomia 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 14 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. Types of Funds Governmental Fund Types General Fund - to account for all unrestricted resources except those required to be accounted for in another fund. Special Revenue Funds - to account for the proceeds of specific revenue sources (other than major capital projects) that are restricted by law or administrative action to expenditures for specified purposes. Debt Service Funds - to account for the accumulation of resources for, and payment of, Interest and principal on general long- term debt. Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than those financed by Proprietary Funds). Proprietary Fund Types Enterprise Funds - to account for operations in a manner similar to private business enterprises where the Intent is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis is to be financed or recovered primarily through user charges. Internal Service Funds - to account for the financing of goods or services provided by one department or agency to other departments or agencies of the City or to other governmental units, on a cost-reimbursement basis. 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. Is 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-teml 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 ('infrastructural 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 foxed assets are reported net of accumulated depreciation on their balance sheets. Depreciation has been 16 �■ Mill 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-tern 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) Enaineerina and Public Works Includes all maintenance, engineering and capital Improvements which relate to streets, sewers, parks, flood control and other public facilities. Community Development Includes those activities which involve planning and redevelopment as well as building and safety. Community Services includes those activities which involve the providing of recreational, cultural and educational services. d. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized In the accounts and reported in the financial statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement. All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in those funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of money and property, intertund transfers, unbilled service receivables and intergovernmental revenue are all considered measurable and are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part, not susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities) and thus do not Involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis with the exception of the City's Deferred Compensation Plan which Is accounted for on a market value basis in accordance with Statement No. 2 of the Governmental Accounting Standards Board (GASB). Property tax revenue is recognized on the basis of NCGA Interpretation No. 3; (adopted by GASB) that is, in the fiscal year for which the taxes have been levied providing they become available. Available means then due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax liens attach annually as of 12:01 A.M. on the first day In March preceding the fiscal year for which the taxes are levied. The tax levy is made July 1 and covers the fiscal period July 1st to June 30th. All secured personal property taxes and one-half of the taxes on real property are due November 1st; the second installment Is due February 1st. All taxes are delinquent, 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 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. 18 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is Incurred; principal and interest on general long-term debt is recognized when due. All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned and become measurable, expenses are recognized when they are Incurred 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. 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: 19 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization end Summary of Significant Accounting Policies (Continued) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses Debt Service Fund Type: Public Improvement Corporation $ 4,859 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 fairy present financial position or results of operations for the governmental unit as a whole In conformity with generally accepted accounting principles. interfund eliminations have not been made in the aggregation of these totals. Investments Investments are stated at cost, with the exception of a Treasury Investment Growth Receipt, which Is recorded at its carrying value at June 30. At June 30, 1995, 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-Tenn 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, 1995, 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, 1995, there are no material incurred but unreported claims against the City. 20 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Compensated Absences The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The short-term portion is determined to be the amount due to employees for future absences which is attributable to services already rendered and which is expected to be paid during the next fiscal year. The total amount of liability for compensated absences Is segregated between short-term and long-term as indicated above and are accordingly reflected in the General Fund, Fire District Special Revenue Fund and General Long-Term Debt Account Group. Vacation pay is payable to employees at the time a vacation Is taken or upon termination of employment. Normally, an employee can not accrue more than one and one-half times his regular annual entitlement. Sick leave Is payable when an employee is unable to work because of illness. For City employees, those who terminate their employment after five years of continuous service and have at least 50% of rive years sick leave accrued on the books upon termination may be paid for 120 hours of the accrued leave. For Fire District employees, sick leave may be accumulated Indefinitely or an employee with ten or more years of service shall be eligible to convert unused sick leave to vacation in accordance with the following with any remainder of hours to still remain used sick time. Employee Accumulated Balance Vacation Type Prior Calendar Year Conversion Rate Shift 108 hr - 144 hr one - half Shift 72 hr - 108 hr one - fourth 40 hour 72 hr - 96 hr one - half 40 hour 48 hr - 72 hr one - fourth Upon service retirement of a public safety employee the option exists to sell back up to one-half of total accumulated sick time or have the time credited toward service in accordance with the Public Retirement Law. All unused sick leave is forfeited upon termination, other than for normal retirement. Post-Employment Benefits The City does not provide post-employment benefits. 21 City of Rancho Cucamonga Notes to Financial Statements (Continued) 11. STEWARDSHIP Note 2: Stewardship, Compliance and Accountability a. The following funds contained deficit fund balances as of June 30: Special Revenue Funds: Masi Commerce Center $(1,952) 800 Mhz Radio (57) b. Excess of expenditures over appropriations In individual funds at the departmental level are as follows: Expenditures Appropriations Excess General Fund: General government: Personnel $ 188,993 $ 188,991 $ 2 Community development Building and safety 1,434,172 1,424,900 9,272 Special Revenue Funds: Gas Tax Engineering and public works Principal 57,882 57,882 Interest and fiscal charges 13,450 - 13,450 SB325 Engineering and public works 131,383 125,640 5,743 Park development 78,679 71,840 6,839 800 Mhz radio Capital outlay 3,022 1,511 1,511 Library services Principal 100,000 - 100,000 Assessment District 84-2 Engineering and public works 197 150 47 22 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 2: Stewardship, Compliance and Accountability (Continued) Expenditures Appropriations Excess Capital Projects Funds: Redevelopment Agency Capital outlay $ 18,360,390 $ 15,961,640 $ 2,398,750 Interest and fiscal charges 1,901,518 448,570 1,452,948 III. DETAIL NOTES ON FUNDS AND ACCOUNT GROUPS (Notes 3-16) Note 3: Cash and Investments Cash and investments at June 30 consisted of the following: Cash on hand $ 2,480 Pooled Cash and Deposits 49,628,599 Pooled Investments 58,989,534 Investment in State Treasury's Investment Pool 27,830,289 Investment with Trustee - Money Market 7,325,718 Deferred Compensation 3.779.174 Total Cash and Investments $ 147.555.794 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 Califomia Government Code requires California banks and savings and loan associations to secure a City's deposits by pledging government securities as collateral. 23 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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 fiscal agent 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 speck statutory provisions governing the Issuance of these bonds, certificates, or leases, may be Invested in accordance with the ordinance, resolutions or indentures specifying the types of Investments its fiscal agent may make. These ordinances, resolutions, and indentures are generally more restrictive than the City's general investment policy. In no Instance have additional types of investments, not permitted by the City's general Investment policy, been authorized. Cash and Investments - Deferred Compensation Plan The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The market value of the plan assets at June 30, 1995 is $3,096,496. 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 Petry Cash $ 302,680 $ 8,603,763 $ $ 8,906,443 $ 7,006,138 Certificates of Deposit 900,000 55.144.893 = 56.044.893 56.044.893 Totals $ 1 2. 02 680 $ 63.748.656 $ $ 64.951.336 $ 63.051.031 24 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Pooled Investments Authorized Investments Under provisions of the City's Investment Policy, and In accordance with Section 53601 of the California Government Code, the City may Invest in the following types of Investments: Securities of the U.S. Government, or its agencies Small Business Administration Loans Certificates of Deposit Bankers Acceptance Commercial Paper Local Agency Investment Fund (State Pool) Deposits Passbook Savings Account Demand Deposits Repurchase Agreements Reverse Purchase Agreements Credit Risk, Carrying Amount and Market Value of Investments Investments of the City are summarized below. The Investments that are represented by specific identifiable Investment securities are classified as to credit risk by three categories as follows: Category 1 Includes Investments that are Insured or registered for which securities are held by the City or its agent in the City's name; Category 2 includes uninsured and unregistered Investments for which the securities are held by the 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. Cateaory Carrying Market 1 2 3 Amount Value City Investments: U.S. Government Securities $ _ $ 45.569.582 $ _ $ 45.569.582 $ 45.932,249 Total City Investments $ e $ 45.569.582 $ _ $ 45,569,582 $ 45,932,249 26 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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 $ 27,g3p,2gg 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. Carrvino Amount Market Value Investments with Trustee - Mutual Funds $ 7.325,718 $ 7,325.718 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. In accordance with GASB pronouncements these have been recorded at market value. Deferred Compensation $ 3.779.174 Note 4: Unearned Grants Because various federal and state subventions and grants have not been received nor the revenue recognition criteria met, the following awards are not reflected in the financial statements: Fund Amount Federal Aid Urban $ 141,689 Community Development Block Grant 112,914 Park Bond Acts 407,662 Environmental Enhancement 97,016 State Department of Transportation 1,114,542 State Department of Parks and Recreation - Police Resource 231,699 Total $ 2.105.522 26 M M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 5: Deposits The City has made a condemnation deposit of $635,000 with the San Bernardino Superior Court In connection with the Northeast Community Park Project. The deposit is reported in the Park Development Fund, a Special Revenue Fund. During fiscal year 1995-96, this case was settled whereby the City forfeited its deposit and Incurred additional cost of approximately $128,000. 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, 1995 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 $5,557,036 matured Interest due on these loans has been added to principal. As this Interest is not payable currently, the City has recognized deterred revenue in this amount. Note 7: Changes In General Fixed Assets A summary of changes in general fixed assets follows: Restated Balance Balance Balance June 30, 1994 Restatement June 30, 1994 Additions Deletions June 30, 1995 Purchased/Contributed Assets: Land $ 39,659,984 $ - $ 39,659,984 $ $ $ 39,659,984 Building Improvements 70,487,807 - 70,487,807 1,511,417 72,007,224 Improvements other than buildings 55,711 - 55,711 - 55,711 Equipment and vehicles 11,239,682 14,836 11,254,518 2,166,735 43,020 13,378,233 Furniture and fixtures 3,107,755 (7,336) 3,100,419 259,897 500 3,359,816 Construction-in-progress 2.737.300 2.737.300 1.490.061 1.420.819 2.806,542 Total $ 127.288.239 $ 7.500 $ 127.295.739 $ 5.436.110 $ 1.464.339 $ 131.267,510 27 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 8: Proprietary Fund Fixed Assets A summary of proprietary fund type property, plant and equipment is presented below: Allowance Estimated Fixed for Net Useful Life Assets Depreciation Book Value Internal Service: Purchased assets: Automotive equipment 5 years $ 992,577 $ 748,966 $ 243,611 Other equipment 5-10 years 70,536 47,849 22,687 Assets acquired through capital leases - equipment 5-10 years 294,745 257,462 37,283 Total $ 1.357.858 $ 1.054,277 $ 303.581 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, 1995 were as follows: CIN Fire District Total Total Payroll $ 11,694,773 $ 5,937,074 $ 17,631,847 Covered Payroll 10,415,497 4,413,653 14,829,150 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-credfted service. 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 and City ordinance. 28 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 Iffe, 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 Wastes Local miscellaneous members 7 % Local safety members with benefits under Article 21252.01 9 % 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. 29 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 pan of an actuarial valuation performed as of June 30, 1994. 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/merle, and (d) no post retirement increases. The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1994, but reflects all plan amendments adopted through June 30, 1995. For the amounts which follow, prior to 1994, assets were shown at book value. The 1994 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, 1994 were as follows: City Fire District Total Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 1,584,662 $ 1,832,790 $ 3,417,452 Current employees: Accumulated employee contributions including allocated Investment earnings 6,462,643 4,061,475 10,524,118 30 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) City Fire District Total Employer-financed vested $ 3,451,535 $ 5,281,314 $ 8,732,849 Employer-financed nonvested 231.248 121.811 353.059 Total Pension Benefit Obligation $ 11,730,088 $ 11,297,390 $ 23,027,478 Net assets available for benefits at cost Market Value Market Value Market Value $17,694.862 17,748,107 $15.472.754 15,519.311 $33.167.616 33.267.418 Assets In Excess of Pension Benefit Obligation $ 6,018,019 $ 4,221.921 $ 10.239,940 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 H 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, 1995 were made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1994. The contribution consisted of the following: 31 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 $ 1,529,521 10.32 % $ 852,371 21.18 % $ 49,647 1276 % $ 2,431,539 16.40 % Amortization of the unfunded actuarial accrued liabilities (123.06 0.83 (48.69 1.21 2140 0.55 (173.90 1.17 Total $ 1.406.456 99®49 % $ 803.674 1919®97 % $ 47 a5�O7 12®21 % $ 2.257,637 15.23 % The City and Fire District contributed $1,175,954 (7.93 percent of current total covered payrolQ; both entities also contributed on behalf of the employees required contribution $1,081,682 (7.29 percent of current total covered payroll). During the year, the City and District contributed $1,081,672 (6.87% of total current covered payroll) on behalf of member employees. 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. 32 M MM M M M M M M M M M M M M M M . = M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) Eight-year trend information for the City and the Fire District were as follows: (Amounts In thousands) 1966-87 1997.88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 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 Fire District 4,465.2 5,115.9 6,230.4 7,548.1 8,832.0 10,407.8 11,983.7 15,519.3 Total S 8,094.5 $ 9,405.7 $ 11,443.6 1 14,604.3 S 17,670.4 $ 21,510.7 1 25,355.4 $ 33,267.4 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 $ 11,730.0 Fire District 4,182.9 4,936.7 6,099.5 7,510.9 9,386.0 10,366.3 10,936.3 11,297.3 Total S 6,818.9 $ 8,391.6 $ 10,709.3 111 13,898.7 $ 17,546.2 $ 20,210.5 $ 22,182.8 $ 23,027.3 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% Fire District 106.7% 103.6% 102.1 % 100.5% 94.1 % 100.4% 109.6% 137.4% Combined 118.7% 112.1 % 106.9% 105.1 % 100.7% 106.4% 114.3% 144.5% Assets In excess of (unfunded) pension benefit obligation City $ 993.3 $ 634.9 $ 603.4 $ 668.4 $ 898.0 $ 1,258.7 $ 2,125.2 $ 6,018.1 Fire District 282.3 179.2 130.9 37.2 554.0 46.7 1,047.4 4,222.0 Total S 1,275.6 $ 1,014.1 $ 734.3 $ 705.6 $ 344.0 $ 1,305.4 $ 3,172.6 $ 10,240.1 Annual covered payroll City $ 3,892.1 $ 5,318.0 $ 7,037.8 $ 8,515.4 $ 10,546.3 $ 10,507.8 $ 9,935.4 $ 10,629.4 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 Total $ 5,734.0 $ 7,437.8 $ 9,537.3 $ 11,460.7 S 14,227.8 IL14,573.2 $ 13,998.1 $ 15,043.1 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% 56.6% Fire District 15.3% 8.5% 5.2% 1.3% (15.0)% 1.1 % 25.8% 95.7% Combined 22.2% 13.6% 7.7% 6.2% 2.4% 9.0% 22.7% 68.1 % Employer contributions. These contributions were made In accordance with actuarially determined requirements Clty $ 308.9 $ 349.4 $ 476.9 $ 596.1 $ 728.5 $ 811.8 $ 673.7 $ 683.5 Fire District Not Available Not Available Not Available Not Available Not Available Not Available Not Available 492.4 Total Not Available Not Available Not Available Not Available Not Available Not Available Not Available $ 1,175.9 Employer contributions expressed as a percentage of annual covered payroll City 7.9% 6.6% 6.8% 7.0% 6.9% 7.7% 6.8% 6.4% Fire District Not Available Not Available Not Available Not Available Not Available Not Available Not Available 11.2% Combined Not Available Not Available Not Available Not Available Not Available Not Available Not Available 7.8% 33 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) For the fiscal year 1994-95, the net assets available for benefits expressed as a percentage of the pension benefit obligation and the unfunded (assets in excess of) pension benefit obligation, expressed as a percentage of annual covered payroll are not presented as the pension benefit obligation for the current year has not yet been computed. Note 10: Deferred Revenue Deferred revenue as of June 30, 1995 consists of the following: General Fund - Interest accrued on advances to Rancho Cucamonga Redevelopment Agency which is measurable but not available (See Note 6) $ 5,557,036 Special Revenue Funds - Revenue collected in advance for Fuel Efficient Traffic Management 154 Special Revenue Funds - development fees collected in advance from various developers for future improvement projects. They are reported as follows: Beautification $ 61,408 Systems Development 109,632 Drainage Facilities 3,350 174,290 Total $ 5,731.480 Note 11: Long-Term Debt a. A description of individual components of long-term debt outstanding as of June 30, 1995 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 7.030 to render financial assistance to the City by financing, acquiring, constructing, improving and leasing public Improvements for its Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres of land which the City Intends to develop as the Community Park. The City has covenanted In Its lease agreement with the Corporation to budget for, appropriate and make the lease payments to the Corporation each year during which it has use and possession of the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable for all lease 34 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) 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 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 of $54,905,000 were defeased during 1993-94. See Note 11b for additional Information. 35 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) 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 September 1 Amount Rate September 1 Amount Rate 1994 $ 2,645,000 3.00 % 2002 $ 855,000 4.40 % 1995 1,070,000 3.00 2003 905,000 4.50 1996 1,100,000 3.30 2004 940,000 4.60 1997 1,140,000 3.70 2005 980,000 4.70 1998 1,180,000 3.90 2006 1,350,000 4.80 1999 1,230,000 4.00 2007 1,410,000 5.00 2000 1,285,000 4.20 2008 1,475,000 5.00 2001 825,000 4.30 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, B any, on the bonds listed above and are referred to in the applicable series resolutions, as 'Pledged Tax Revenues'. Pledged Tax Revenues do not Include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency In a separate low and moderate income housing fund and be used for the purpose of increasing and Improving the community's supply of low and moderate Income housing. Pledged Tax Revenues also do not include that portion of Tax Revenues derived from the Project Area which are required to be used by the Agency in accordance with the provisions of certain agreements entered Into by the Agency. The Agency has entered Into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered into with () 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, QiQ 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 36 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) 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. Notes Payable 1. 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. 2. 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 nate 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 Bums Uniform Local Sales and Use Tax Law commencing with Section 7200 of the revenue and Taxation Code of the State of California, as amended, arising from all businesses and activities conducted on the Price Parcel. In the event that the debt service payments are Insufficient to fully discharge the principal and interest on this note with the 23 note years, then, in such event, the unpaid balance of principal and accrued interest, if any, shall be deemed forgiven. Therefore, accrued Interest Is not reported on the financial statements. 3. 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 foxed, 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. 37 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) 4. 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. Advances from Redevelopment Acencv: 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 offslte 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 cabled 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 Obliaatlon: 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, 1995. Long-Tenn Debt Fiscal Year Account Group 1995.96 $ 71,369 1996-97 71,369 1997-98 - 71,369 Total Minimum Lease Payments $ 214,107 Less: Amount Representing Interest 20.092 Present Value of Net Minimum Lease Payments $ 194A15 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, 1995: 38 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) Fiscal Year city Fire District Total 1995-96 $ 258,625 $ 170,178 $ 428,803 1996-97 63,775 35,278 99,053 1997-98 65,715 33,578 99,293 1998-99 67,215 36,828 104,043 1999-2000 63,310 34,698 98,008 2000-01 64.350 37.538 101.888 Total Minimum Lease Payments $ 582,990 $ 348,098 $ 931,088 Less: Amount Representing Interest 92.990 53.098 146.088 Present Value of Net Minimum Lease Payments $ 490.000 $ 295.000 $ 785.000 b. Defeasance of Bonds On February 1, 1994 the Agency Issued $64,460,000 in Tax Allocation Refunding Bonds with an average Interest rate of 4.2 percent. A portion of the proceeds was used to advance refund $54,905,000 of outstanding 1990 Tax Allocation Bonds. The 1990 Tax Allocation Bonds had an average Interest rate of 6.9 percent. The net proceeds amount to $62,171,485. The net proceeds of $62,171,485 were used to purchase U.S. Government Securities. Those securities were deposited In an Irrevocable trust with an escrow agent to provide for all future debt service payments on the 1990 Tax Allocation Bonds. As a result, the 1990 Tax Allocation Bonds are considered defeased in substance and the liability for these bonds and certificates has been removed from the General Long-Term Debt Account Group. The advance refunding resulted in an increase of total debt service payments over the next 30 years by $6,252,790 and created an economic gain (the difference between the present values of the debt service payments on the old and new debt) of $2,505,322. 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 39 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) c. The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1995: Outstanding Outstanding JUN 1, 1994 Adiustments Additions Repayments June 30, 1995 Certificates of Participation: Public Improvement Corporation $ 1.670.000 $ $ $ 290.000 $ 1.380.000 Bonds: Tax Allocation Bonds - 1990 Issue $ 52,875,000 $ $ $ 915,000 $ 51,960,000 Tax Allocation Bonds - 1994 Issue 64.460.000 2.645.000 61.815,000 Total Bonds $ 117.335.000 $ $ $ 3,560.000 $ 113,775.000 Notes Payable $ 5.256.615 $ 750.000 $ 8.694.000 $ 365.478 $ 14.335.137 Advances from Other Funds (loans between entities): City of Rancho Cucamonga $ 4,290,000 $ - $ $ - $ 4,290,000 Rancho Cucamonga Redevelopment Agency 12.123.450 1.454.813 13.578,263 Total Advances to Other Funds $ 16.413.450 $ $ 1.454.813 $ $ 17.868,263 Obligation Under Capital Leases $ 277.841 $ 990.000 $ $ 288.826 $ 979.015 Accrued Employee Benefits $ 1.246.886 $ $ 220.994 $ $ 1.467.880 Total Long-Term Debt Account Group $ 142.199,792 $ 1,740,000 $ 10,369.807 $ 4.504.304 $ 149.805.295 d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June ' 30, 1995: Fiscal Year Bonds Notes Loans Total 1995-96 $ 9,132,469 $ 1,459,362 $ 17,868,263 $ 28,460,094 1996-97 9,128,262 1,459,362 1,629,391 12,217,015 1997-98 9,121,942 2,959,362 - 12,081,304 1998.99 9,122,666 1,324,362 10,447,028 1999.2000 8,721,694 1,324,362 10,046,056 Later years 216.986.883 14.480.955 - 231.467.838 Total Debt Service $ 262,213,916 $ 23,007,765 $ 19,497,654 $ 304,719,335 Total Interest 147.058.916 9.322.628 1.629.391 158.010,935 Total Principal $ 115,155,000 $ 13.685.137 $ 17.868,263 $ 146.708,400 40 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) Loans outstanding do not have fixed amortizations. As funds will be repaid when available, amounts above represent the loan balance and one year's additional Interest (where applicable), Note 12: Other Special Obligations The following Issues of Residential Mortgage Revenue Bonds, Certificates of Participation and Special Assessment Bonds are not reflected In the Long-Term Debt Account Group because these are special obligations payable solely from and secured by specific revenue sources described in the resolutions and official statements of the respective Issues. Neither the faith and credit nor the taxing power of the City, the Redevelopment Agency, the State of California or any political subdivision thereof, is pledged for the payment of these bonds: Original Amount Rancho Cucamonga-Palmdale-Ponerville-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-IR 5,961,249 Community Facilities District No. 84-1, 1992 Refunding Special Tax Bonds 16,630,000 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 41 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables The individual fund Interfund receivable and payable balances at June 30, 1995 are as follows: Interfund Interfund Due from/to other funds: Receivables Payables General Fund $ 6,085,323 $ 2,390,957 Special Revenue Funds: Gas Tax 719 - System Development 411,385 151,740 Park Bond Act - 30,832 Pedestrian Grant 6,085 78,926 Foothill Marketplace Community 152 - Federal Aid Urban 465,546 485,661 Community Development Block Gram 146,408 Assessment Administration - 3,010 53 SB 140 186,45,805 Sobriety Checkpoint Grant 1,070 800 Mhz Radio 57 SBA Tree Grant 201 Masl Commerce Center 1,952 Measure 1 40,829 - Ubrary Service - 246,775 Metrolink 1,655,321 Fire District 20,791 Used Oil Recycling Grant 3,003 Debt Service Funds: Redevelopment Agency 330,929 26,031 42 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 Capital Projects Funds: Assessment District 84-1 $ $ 1,666,663 Assessment District 86-2 - 25,625 Redevelopment Agency 29,018 147,995 Internal Service Fund: Vehicle Replacement 15,000 - Agency Funds: Special Deposits - 1,622 Assessment District 86-2 49.016 Total $ 7,620,445 $ 7.620,445 Advances from/to other funds: General Fund $ 13,578,263 $ Capital Projects Fund: Rancho Cucamonga Redevelopment Agency 4,290,000 - Long-Term Debt Account Group: Rancho Cucamonga Redevelopment Agency 17.868,263 Total $ 17.868.263 $ 17.868,263 43 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity a. Reservation of Fund Balance/Retalned Earnings The City has established certain fund balance/retained earnings reserve accounts to report the amounts in the following funds which represent amounts restricted for a specified purpose or fund balances which are not available for appropriation in future periods. 1. Reserved for Advances to Other Funds: General Fund $ 8,021,226 Capital Projects Funds: Redevelopment Agency 4.290.000 Total Reserve for Advances to Other Funds $ 12.311.226 2. Reserved for Encumbrances: General Fund $ 306.465 Special Revenue Funds: Gas Tax $ 4,804 Community Development Block Grant 2,680 Assessment Administration 5.290 Total Special Revenue Funds $ 12.774 Capital Projects Funds: Redevelopment Agency $ 2.352.197 Total Reserve for Encumbrances $ 2.671.436 3. Reserved for Land Acquisition: Special Revenue Funds: Fire District $ 300.000 44 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 4. Reserved for Tree Replacement: Special Revenue Funds: Landscape Maintenance Districts $ 55.404 S. Reserved for Termination Pay Outs: Special Revenue Funds: Fire District $ 288.160 6. Reserved for Radio System: Special Revenue Funds: Fire District $ 50.000 7. Reserve for Land Held for Resale: Capital Projects Funds: Redevelopment Agency $ 10.778,871 B. Reserved for Future Fire Station: Special Revenue Funds: Fire District $ 1.415,226 9. Reserved for Capital Projects: General Fund $ 105.193 Special Revenue Funds: Landscape Maintenance District $ 2,942,725 Lighting Maintenance District 338,012 Fire District 30.000 Total Special Revenue Funds $ 3.310.737 Total Reserve for Capital Projects $ _3.415.930 45 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 10. Reserved for Long-Term Loans Receivable Capital Projects Funds: Redevelopment Agency $ _9.467.500 11. Reserved for Vehicle and Equipment Replacement: Special Revenue Funds: Gas Tax $ 119,950 Fire District 891,831 $ 1,011,781 Internal Service Fund 6.400.699 Total Reserved for Vehicle and Equipment Replacement $ 7.412.480 Total Reserved $ 48,166,233 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 specked by the Fire District for future fire station land acquisition and by redevelopment agency for project area land acquisition. 4. Reserve for Tree Replacement This reserve represents amounts segregated for future tree replacements in Landscape Maintenance Districts of the City. S. Reserve for Termination Pay Outs This reserve represents amounts segregated to aid In paying termination benefits of Fire District employees (vacation, sick, etc.). 46 M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 6. 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 18 to the financial statements. 7. 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. B. Reserve for Future Fire Station This reserve represents amounts segregated by the Fire District for use in constructing a fire station. 9. 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. 10. 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. it. Reserve for Vehicle and Equipment Replacement This reserve represents amounts segregated by the Fire District for use in future vehicle and equipment replacement. b. Unreserved - Designations The City has established certain designations to indicate tentative managerial plans or Intent. Designated for Self Insurance General Fund $ 2,716,770 Designated for changes in economic circumstances General Fund 8,720,000 Designation for working capital General Fund $ 18,673 Special Revenue Funds: Lighting Districts 612,723 Landscape Maintenance Districts 3,193,550 Library Services 63,375 Fire District 1.000.000 4,888,321 47 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Designated for Continuing Projects Capital Projects Funds: Redevelopment Agency $ 56,433,003 Designation for Long-Term Employee Leave Pay Outs General Fund 1,625,000 Designation for Future Computer Equipment General Fund 1,700,000 Designation for Integrated Waste Management General Fund 757,714 Designation for Booking Fees General Fund 562,697 Designation for City Facilities Capital Repairs General Fund 3,500,000 Designation for Law Enforcement General Fund 300,000 Designated for Debt Service Debt Service Funds: Public Improvement Corporation $ 296,733 Redevelopment Agency 19,312,895 Total Designated for Debt Service 19,609,628 TOW $ 100,813,133 48 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) c. Opening Fund Balance Retained Earnings Adjustments Special Revenue - Gas Tax Beginning fund balance in the Gas Tax Fund has been restated as follows: Restatement of prior year revenues to reflect gas tax funds reserved for vehicle replacement $ 119,950 Internal Service - Vehicle Replacement Beginning retained earnings in the vehicle replacement fund has been restated as follows: Restatement of prior year revenues to reflect gas tax funds reserved for vehicle replacement $(119,950) Restatement for prior year expenses to reflect capital lease payments due in current year 25.945 Total $ 94 005 d. Residual Equity Transfers During 1994-95 the Capital Project - assessment District 89-1 transferred excess fund (equity) in the amount of$127,921 to the Agency Fund for that District. Since the Agency Fund for assessment District 89-1 utilizes a basis of accounting which is purely custodial there Is no fund equity in which to display the transfer in of equity. Thus, residual equity transfers do not balance by this amount. 49 City of Rancho Cucamonga Notes to Financial Statements (Continued) 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 against the City. The Insurance coverage in excess of the self- insured amount is provided by California Municipal Insurance Authority (CMIA) up to a limit of $10,000,000. The City is also self-insured through CMIA for workers' compensation. The coverage is for $10,000,000 with no retention amount. Effective June 1, 1986, the City became a member of the California Municipal Insurance Authority, a joint powers authority of 22 California cities, for the purpose of pooling the City's risk for general liability losses with those of other member cities. The City's share In the pool was approximately 14.0% as of June 30, 1995. The Governing Board of CMIA is comprised of directors nominated and selected by each member city. Each governing board member has one vote regarding all financial and management Issues coming before the board. Summarized financial Information of the CMIA for the fiscal year ended June 30, 1995 is as follows: Unaudited Revenues $ 4,180,494 Expenses 4.036,171 Excess of Revenue Over Expenses $ 144.323 Net Decrease in Fund Balance $ 144.323 Total Assets $ 14.003,008 Total Liabilities $ 13,284,910 Total Fund Balance 718.098 Total Liabilities and Fund Balance $ 14.003.008 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 $2,000,000 is adequate to cover such losses. so City of Rancho Cucamonga Notes to Financial Statements (Continued) 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, 1995 the following balances of assets and liabilities were present: Carrying Amount Market Value Total Assets $ 3.779.174 Uability to Plan Participants $ 3.779.174 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. 51 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 17: West End Communications Financing Authority (Continued) The Authority Issued two sets of 1991 Revenue Bonds on August 9, 1991 and in order to purchase 80OMHZ Communications Equipment which Is, in tum, 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. Note 18: It has come to the attention of the Rancho Cucamonga Redevelopment Agency that, in accordance with pass through agreements, the County of San Bernardino has withheld tax Increment collections for the County Free Library and County Flood Control District. Since the Agency was not informed of these amounts, it has allocated to the Low and Moderate Income Housing Fund 20% of the tax Increment it received believing this increment was the total allocated to the Agency. Now it appears that the computation of the 20% set aside was done on a net basis rather than on the gross amount allocated. At present the Agency has formally requested from the County of San Bernardino computations as to the amounts withheld for County Free Library and Flood Control. Once these computations are received, the additional 20% set aside to low and moderate income housing can be computed. While this set aside is thought to be material, the Agency cannot at present estimate the amount Involved. Once determined, the Agency anticipates that it will use Regional Facilities Project Fund monies to make this set aside. This could cause a material reduction in available fund equity of the Capital Project Fund. V. SIGNIFICANT EFFECTS OF SUBSEQUENT EVENTS Note 19: On September 28, 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. As of the date of this report a determination of whether future collection of this tax can continue has not been made by the courts. 52 (ow w J LL. DZ0 This page intentionally left blank. , CITY OF RANCHO CUCAMONGA Schedule 1 BALANCE SHEET GENERALFUND JUNE 30,1995 TOTALS ASSETS June 30, 1995 1994 Cash and investment 1 23,2 12, ,675 Receivables(net of allowance for uncollectibles): Taxes 359,045 102,592 Accounts 614,354 809,207 Interest 241,586 180,306 Due from other funds 6,085,323 5,024,262 Deposits with others 8,991 346,794 Advances to other funds 13,578,263 12,123,450 Total Assets $ 38,610,819 $ 30,972,286 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 1,212,870 $ 456,020 Accrued payroll payable 9,126 180,454 Accrued employee benefits payable-current 1,107,092 925,637 Due to other funds 2,390,957 2,221,091 Deferred revenue 5,557,036 4,454,766 Total UabllBles 10,277,081 8,237,968 Fund Balances: Reserves: Reserved for encumbrances 306,465 105,749 Reserved for capital projects 105,193 125,880 Reserved for advances to other funds 8,021,226 8,021,226 Reserved for vehicle and equipment replacement - 900,000 Unreserved: Designated for self-insurance 2,716,770 2,000,000 Designated for employee leave pay outs 1,625,000 1,160,000 Designated for future computer equipment 1,700,000 400,000 Designated for Integrated waste management 757,714 448,260 Designated for booking fees 562,697 838,300 Designated for city facilities'capital repairs 3,500,000 750,000 Designated for changes in economic circumstances 8,720,000 7,984,903 Designated for law enforcement 300,000 - Deslgnated for working capital 18,673 - Undesignated Total Fund Balances 28,333,738 22,734,318 Total Liabilities and Fund Balances $ 38,610,819 $ 30,972,286 53 CITY OF RANCHO CUCAMONGA Schedule 2 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1995 TOTALS Year ended June 30, 1995 1994 Revenues: Taxes $ 19,796,763 $17,346,789 Licenses and permits 1,613,580 1,586,247 Fines and forfeits 352,046 313,992 Use of money and property 1,783,197 636,983 Intergovernmental 5,233,807 4,810,236 Charges for services 1,266,483 1,263,803 Other 3,401,518 4,162,601 Total Revenues 33,449,394 30,120,651 Expenditures: Current: General government 5,997,950 6,104,190 Public safety 9,053,236 8,335,701 Engineering and public works 6,196,121 5,177,167 Community development 2,755,800 2,804,484 Community services 1,050,641 1,025,331 Debt service: Principal 230,944 2,509,561 Interest and fiscal charges 48,300 6,067 Total Expenditures 25,332,992 25,962,501 Excess of Revenues over(under)Expenditures 8,116,402 4,158,150 Other Financing Sources(Uses): Operating transfers In 28,818 41,762 Operating transfers out (2,545,800) (74,123) Total Other Financing Sources(Uses) (2,516,982) (32,361) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses $ 5,599,420 $ 4,125,789 Fund Balances: Beginning of Fiscal Year -as previously reported $ 22,734,318 $18,450,083 Restatements 158,446 Beginning of Fiscal Year-as restated 22,734,318 18,608,529 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 5,599,420 4,125,789 End of Fiscal Year(Schedule 1) $ 28,333,738 $22,734,318 54 CITY OF RANCHO CUCAMONGA Schedule 3 page 1 of 5 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1995 T O T A L S-Year Ended June 30, 1995 1994 Variance- Favorable Budget Actual (Unfavorable) Actual Revenues: Property taxes $ 1,704,010 $ 1,727,482 $ 23,472 $ 1,860,297 Othertaxes: Property transfer tax 250,000 234,698 (15,302) 225,628 Transient occupancy tax 96,000 127,061 31,061 103,648 Sales and use taxes 7,923,600 8,215,374 291,774 7,586,849 Franchise taxes 3,217,650 3,033,510 (184,140) 2,694,417 Utility users tax 5,600,000 6,460,638 860,638 4,875,950 Total Taxes 18,791,260 19,798,763 1,007,503 17,346,789 Licenses and permits: Building permits 700,000 790,163 90,163 774,340 Business licenses 800,000 813,876 13,876 807,143 Other permits 7,600 9,541 1,941 4,764 Total Licenses and Permits 1,507,600 1,613,580 105,980 1,586,247 Fines,forfeits and penalties: Court fines 212,500 289,183 76,683 229,656 Parking tickets and other 85,700 62,863 (22,837) 84,336 Total Fines and Forfeits 298,200 352,046 53,846 313,992 Use of money and property: Interest income 732,320 1,783,197 1,050,877 636,983 Total Use of Money and Property $ 732,320 $ 1,783,197 $ 1,050,877 $ 636,983 55 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 30,1995 T O T A L S-Year Ended June 30, 1995 1994 Variance- Favorable Budget Actual (Unfavorable) Actual Intergovernrimental: Motor vehicle In lieu S 3,693,710 $ 4,197,474 $ 503,764 $ 4,139,279 Trailer coach - - - 1,087 Homeowners exemption and other subvention 22,000 61,506 39,506 43,098 Youth program reimbursements 89,610 89,632 22 54,653 State grant reimbursements 222,700 89,404 (133,296) - FEMA claims 34,430 34,430 20,830 Waste management fees 759,504 759,504 549,447 Off-highway motor vehicle 2,000 1,857 (143) 1,842 Total Intergovernmental 4,030,020 5,233,807 1,203,787 4,810,236 Charges for services: Plan check fees 370,000 369,032 (968) 392,085 Planning fees 316,000 249,352 (66,648) 255,106 Engineering fees 414,000 401,172 (12,828) 435,621 Sale of materials 72,000 80,724 6,724 73,210 Other charges for services 145,100 166,203 21,103 107,781 Total Charges for Services 1,317,100 1,266,483 (50,617) 1,263,803 Other: Cost reimbursements 3,413,560 3,357,986 (55,574) 4,157,296 Miscellaneous revenue 13,600 43,532 29,932 5,305 Total Other 3,427,160 3,401,518 (25,642) 4,162,601 Total Revenue $30,103,660 $33,449,394 $ 3,345,734 $30,120,651 56 CITY OF RANCHO CUCAMONGA Schedule 3 Page 3 of 5 SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1995 T O T A L S-Year Ended June 30, 1995 1994 Varlance- Favoreble Budget Actual (Unfavorable) Actual Expenditures: General government: City council $ 69,900 $ 64,051 $ 5,849 $ 58,566 City manager 443,240 429,747 13,493 405,396 City clerk 343,130 263,630 79,500 219,148 Personnel overhead 64,827 (371,342) 436,169 248,476 General overhead 2,542,565 1,576,947 965,618 1,180,864 Treasurer 2,770 2,367 403 2,138 Administrative services 1,055,714 1,043,207 12,507 984,601 Finance 482,390 428,341 54,049 453,971 Business licenses 121,773 116,949 4,824 108,347 Personnel 188,991 188,993 (2) 185,849 Purchasing 141,930 138,129 3,801 143,937 Risk management 72,160 69,403 2,757 66,602 Fire District administration 166,260 152,394 13,866 81,198 Redevelopment Agency Administration 701,580 618,113 83,467 760,893 City facilities 1,597,450 1,333,721 263,729 1,233,469 Total General Government 7,994,680 6,054,650 1,940,030 6,133,455 Public safety: Police: Sheriff contract services 8,875,790 8,789,913 85,877 8,054,466 Animal control 76,502 60,918 15,584 72,066 Emergency preparedness 236,235 203,633 32,602 209,169 Total Public Safety $ 9,188,527 $ 9,054,464 $ 134,063 $ 8,335,701 57 CITY OF RANCHO CUCAMONGA Schedule 3 SCHEDULE OF REVENUES,EXPENDITURES AND Page 4 of 5 CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1995 T O T A L S-Year Ended June 30, 1995 1994 Variance. Favorable Budget Actual (Unfavorable) Actual Engineering and public works: Engineering administration $ 949,587 $ 694,620 $ 254,967 $ 357,452 Development management 689,490 658,563 30,927 627,314 Traffic management 211,340 204,691 6,649 198,241 Project management 893,820 888,301 5,519 130,624 Construction management 344,660 342,815 1,845 360,405 Waste management 559,290 450,050 109,240 372,707 Street and perk maintenance 2,990,661 2,663,809 326,852 2,677,765 Vehicle maintenance 569,680 512,096 57,584 496,508 Total Engineering and Public Works 7,208,528 6,414,945 793,583 5,221,016 Community development: Planning commission 37,050 36,652 398 6,780 Administration 197,972 150,504 47,468 221,051 Planning 1,192,800 1,164,185 28,615 1,298,662 Building and safety 1,424,900 1,434,172 (9,272) 1,285,164 Total Community Development 2,852,722 2,785,513 67,209 2,811,657 Community services: Community services 1,099,460 1,049,684 49,876 1,049,632 Park and recreation commission 1,570 1,057 513 1,161 Total Community Services $ 1,101,030 $ 1,050,641 $ 50,389 $ 1,050,793 58 � � � a � � a � s ■� a � r a � � � a a 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 30,1995 T O T A L S-Year Ended June 30, 1995 1994 Variance- Favorable Budget Actual (Unfavorable) Actual Debt service: Principal $ 300,000 $ 230,944 $ 69,056 $ 2,509,561 Interest and fiscal charges 50,900 48,300 2,600 6,067 Total Debt Service 350,900 279,244 71,656 2,515,628 Total Expenditures $28,696,387 $25,639,457 $ 3,056,930 $26,068,250 Excess of Revenues over(under) Expenditures $ 1,407,273 $ 7,809,937 $ 6,402,664 $ 4,052,401 Other Financing Sources(Uses): Operating transfer in $ - $ 28,818 $ 28,818 $ 41,762 Operating transfer out (1,342,730) (2,545,800) (1,203,070) (74,123) Total Other Financing Sources(Uses) $ (1,342,730) $ (2,516,982) $ (1,174,252) $ (32,361) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) $ 64,643 $ 5,292,955 $ 5,228,412 $ 4,020,040 Adjustments: To adjust for encumbrances $ $ 306,465 $ 306,465 $ 105,749 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) - $ 64,543 $ 5,599,420 $ 5,534,877 $ 4,125,789 Fund Balances: Beginning of Fiscal Year -as previously reported $22,734,318 $22,734,318 $ - $ 18,450,083 Restatements 158,446 Beginning of Year-as restated 22,734,318 22,734,318 18,608,529 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 64,543 5,599,420 5,534,877 4,125,789 End of Fiscal Year(Schedule 1) $22,798,861 $28,333,738 $ 5,534,877 $22,734,318 59 This page intentionally left blank. ' 1 (/) vzc -n mczm < MM rm �o0 This page intentionally left blank. ' 1 SPECIAL REVENUE FUNDS Gas Tax Fund Establish to account for the revenue and disbursement of funds used for road construction and maintenance of the City network system. The City's share of state gasoline taxes provided the financing. SB325 Fund Establish to account for the revenue and disbursement of funds received by extending the statewide sales tax of 1/4 of 1 cent to motor vehicle fuel under the Transportation Development Act. Recreation Fund Established to account for the wide variety of classes, special events,and activities sponsored by the Community Services Department. ' Park Development Fund ' Established to account for the residential park development fees charged subdividers upon issuance of a building permit for development of future park or recreational sites. Beautification Fund Established to account for fees collected to provide proper landscaping and irrigation systems after ' parkway and median improvements are made. SB300 Fund Established to account for the revenue and disbursement of state general funds monies for the ' reconstruction of existing roadways when the widening brings the road up to generally acceptable safety standards.. ' Lighting Districts Fund Established to account for the costs associated with providing street lights. Financing is provided by special assessments levied against the benefitting property owners. Landscape Maintenance Fund ' Established to account for the costs associated with providing landscape maintenance. Financing is provided by special assessments levied against the benefitting property owners. Systems Development Fund , Established to account for fees charged a subdivider for the construction and expansion of City , streets and highways which provide additional capacity and safety. Park Bond Act 1980 and 1984 Funds ' Established to account for the revenue and disbursement of funds received from the State of , California for construction of parks and recreational facilities. Drainage Facilities Fund ' Established to account for fees charged developers for purposes of defraying the actual or estimated costs of constructing planned drainage or sewer facilities that are in the subdivision. ' Pedestrian Grants Fund Established to account for the revenue and disbursement of funds received for the construction of facilities provided for the exclusive use of pedestrians and bicycles. ' Federal Aid Urban Fund Established to account for the revenue and disbursement of Federal funding for the construction of i the City roadway system. Community Development Block Grant Fund Established to account for grants received from the Department of Housing and Urban Development. These revenues must be expended to accomplish one of the following objectives: elimination of slum or blight, or benefit to low and moderate income persons by providing loans and grants to owner-occupants and rental property owners to rehabilitate residential properties. Assessment Administration Fund Established to account for the revenue and disbursement of administration of assessment districts. San Sevaine/Etiwanda Drainage , Established to account for Development Impact fees collected in the San Sevaine/Etiwanda Drainage , Assessment District for the construction.of regional and mainline flood control projects in that district. SB 140 ' Established to account for the revenue and disbursement of State matching funds for the construction of eligible street construction projects. Roadside Sobriety Check Point Grant Established to account for the revenue and disbursement of Federal grant funds administered by the State of California, Office of Traffic Safety. ' 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. ' Foothill Marketplace Community Established to account for monies deposited by developers for initial consulting and administrative ' costs and expenses related to a proposed public financing district. 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). 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 r r ■r r �■ ■r �r r r r� r� r r r r r r r CITY OF RANCHO CUCAMONGA Schedule Page 1 of 4 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1995 Landscape Park Lighting Maintenance Systems Gas Tax SB 325 Recreation Develo Beautification S8300 Districts Districts Development ASSETS Cash and Investments S 2,457,553 S 778,179 $ 342,068 $ 167,387 S 817,772 $ - $ 1,096,276 S 8,496,997 $ 2,397,505 Receivables(net of allowance for uncollectibles): Taxes - - - - - 10,652 46.139 - Accounts 420 - - - - - - Deferred loans - - - - - interest - - - - - . Grants 116,180 - - - - - 76,581 Liens 2,461 - - - - 1,484 Due from other funds 719 - - - - - 411,385 Deposits 635,000 Total Assets S 2.577,333 S 778,179 S 342.088 $ 802.387 $ 817,772 S $ 1,108,928 $ 6,543,136 S 2,886,955 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 110,371 $ 79 $ 22,320 S 8,920 $ - $ - S 155,899 $ 338.877 $ 53,822 Accrued psyrd payable 16,858 832 11,013 236 - 294 12,580 3,703 Due to other lands - - - - - - - 151,740 Due to other governments - - Accrued employee benefits-cumerd Deferred revenue - - 61,406 - - 109,532 Total Liabilities 127,229 911 33,333 8,920 61,644 156,193 351,457 318,797 Fund Balances: Reserves: Reserved for encumbrances 4,804 - - - - - - - Reserved for advances to other funds _ _ _ _ _ - - - Reserved for capital projects - - - - 338,012 2,942,725 Reserved for tree replacement - - - 55,404 - Reserved for future Bre station - - - - - - - Reserved for land acquisition Reserved for employee lea"pay outs - - - - - Reserved for radio system acquisition - - - Reserved for vehicle and equipment replacement 119,950 - - - - - Reserved for salary settlement - - - - - - - unreserved: Designated for changes in economic circumstances - Designated for unforeseen major repairs - - - - Designated for worldng capital - - - - - 612,723 3,193,550 - Undeslgnated 2,325,350 777,265 306,735 793,447 756,128 2,568,158 Total Fund Balances 2,450,104 777,266 308,735 793,447 756,128 950,735 6,191,679 2,568,158 Total Liabilities and Fund Balances $ 2,577,333 $ 778.179 S 342.088 $ 802.387 $ 617,772 S $ 1,106,928 $ 8,543,136 $ 2,886,955 60 CITY OF RANCHO CUCAMONGA Schedule 4 Page 2 of 4 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1995 Community San Sevalnet Sobriety Air Park Bond Drainage Pedestrian Federal Development Assessment Ethvanda Checkpoint Duality Act Facilities Grants Aid Urban Block Grant ciminlstration Dralnage SB 140 Grant Improvement A S S E T S Cash and Investments $ S 380,425 S 64,527 $ 150,530 S - $ 245,299 S 817,080 S - $ - $ 197,321 Receivables(not of anowance for uncollectibles): - Taxes - - Accounts - 150 31,650 Deferred loans - - 121,775 - - Interest Grant$ 37,272 - 11,638 205.890 188,185 - 376,896 1,070 - Uens - - Due from other fiords 8,085 465,548 186,443 - Deposits Total Assets S 37,272 S 360,425 S 82.450 S 821.766 S 307.940 S 245,449 S 817,080 $ 563.339 $ 1,070 $ 228,971 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable S 6,440 $ 17,815 $ - $ S 35,284 $ 3,132 $ $ - $ $ 2 Accrued payroll payable - 236 4,473 3,577 - - - 246 Due to other funds 30,832 - 78,926 485,681 146,408 3,010 - 535,605 1,070 - Due to other governments - 20,455 121,775 - - Accrued employee benefits-current - - - - Deferred revenue 3.3`-A Total UabilBles 37,272 21,401 78,926 506,118 307,940 9,719 535,805 1,070 248 Fund Balances: Reserves: Reserved for encumbrances 2,680 - - - Reserved for advances to other - funds - - 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 end - - equipment replacement Reserved for salary settlement - - Unreserved: Designated for changes in economic _ - - circumstances Designated for unforeseen major repairs - - Designated for worldng capital - 228,723 Undesignated 339,024 3,524 315,650 (2,680) 235,730 817,080 27,534 Total Fund Balances 339,024 3,524 315,850 0 235,730 817,080 27,534 228,723 Total Liabilities and Fund Balances $ 37,272 S 360,425 S 82,450 $ 821,766 $ 307.940 $ 245,449 $ 817,080 $ 563,339 $ 1,070 $ 228,971 611 CITY OF RANCHO CUCAMONGA Schedule 4 Page 3 of 4 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1995 Foothill South Masi Used Oil 800 MHZ FETSIM SBA Marketplace -Etiwanda Commerce Library Recycling Radio Grant Tree Grant Community Drainage Center Measure I Services Metrolink Grant A S S E T S Cash and investments S - S 154 S S 250,542 S 1.479 S - S 362,544 S 100 S 2,845 S Receivables(net of allowance for uncollectibles): Taws - - - 107,301 347,418 - - Accounts - - - - - 10.983 38.198 Deterred loans - - - - - - - - Interest - - - - - - - Grants - 201 - - - 1,637,428 3.683 Liens - - - - - - - Due from other funds - - 152 - 40.829 - - - Deposits Total Assets S S 154 S 201 S 250.694 S 1,479 S S 510,974 S 358.501 S 1,678,471 S 3,683 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable S - S S - $ - S - S - S 38.773 S 32,389 S 4.263 S 635 Accrued payroll payable - - - - - 1,942 10,672 69 45 Due to other funds 57 - 201 - 1.852 - 246.775 1.655,321 3,003 Due to other governments - - - - - - - - Accrued employee benefits-current - - - - - - Deferred revenue 154 Total Liabilities 57 154 201 1,952 40,715 289,836 1,659,653 3,683 Fund Balances: Reserves: Reserved for encumbrances - - - - 5.290 - - Reserved for advances to other funds - Reserved for capital projects - - Reserved for see 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: Designated for changes in economic circumstances - - - - - - Designated for unforeseen major repairs Designated for working capital - - - 63.375 . Undesignated (57) 250,694 1,479 (1,952) 470,259 18,818 Total Fund Balances (57) 250,694 1,479 1,9 470,259 68,665 18,818 Total Liabif8iea and Fund Balances 5 S 154 $ 201 $ 250.694 S 1,479 S S 510,974 $ 358,501 S 1,678,471 S 3,683 62 CITY OF RANCHO CUCAMONGA Schedule 4 COMBINING BALANCE SHEET Page 4 of 4 ALL SPECIAL REVENUE FUNDS JUNE 30, 1995 TOTALS Fire June 30, District 1996 1994 - A S S E T S Cash and Investments $ 4,719,849 S 21,726,712 S 24,000,287 Receivables(net or allowance for uncollectibles): Taxes 148,916 660,426 169,579 Accounts 26,852 106.253 827,131 Darerred bans 121,775 98,142 Interest 70,587 70,587 82,201 Grants - 2,653,004 687,755 Liens - 3,945 4,980 Due from other funds - 1,111,159 1,094,023 Deposits 835,000 635.000 Total Assets S 4,966,204 S 27,09D,081 S 27.559,078 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 199,110 S 1,028,131 S 1,790,469 Accrued payroll payable 208,419 275,195 58,619 Due to other funds 20,791 3,361,552 1,767,705 Due to other yQovommems - 142,230 116,597 Accrued employre benefits-current 582,687 562,667 476,164 Deferred revenue 174,444 1,582,358 Total Liabilities 990,987 5,544,219 5,793,912 Fund Balances: Reserves: Reserved for encumbrances - 12,774 505,314 Reserved for advances to other funds Reserved for capital projects 30.000 3,310,737 3,033,889 Reserved for tree replacement 55,404 55,404 Reserved for future flre station 1,415,226 1,415,226 1,175,311 Reserved for land acquisition 3110,000 300,000 300,000 Reserved for employes leave pay outs 285,160 288,160 288.160 Reserved for radio system acquisition 50,000 50,000 80.000 Reserved ler vehicle and equipment replacement 891,831 1,011,781 998,180 Reserved for salary settlement - 553,OD0 Unreserved: Designated for changes In economic circumstances - Designated for unforeseen mayor repairs - - Designated for working capital 1,000,000 4,869,848 4,558,386 Undesignated 10,232,912 10,217,520 Total Fund Balances 3.975,217 21,546,642 21,785,168 Total Liabilities and Fund Balances $ 4,965,204 $ 27,090,881 S 27,559,078 63 CITY OF RANCHO CUCAMONGA Schedule 6 Page t of 4 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1995 Landscape Park Lighting Maintenance Systems Revenues: Gas Tax SB 325 Recreation Development Beautification S8300 Dlshicts Districts Development Texas $ - $ - S - $ - S $ - S1,0S4,476 $ 4,753,127 $ - Fines and forfeits - - -Use of money and property 115,718 45.341 7,522 - 48,336 302,843 Intergovernmental 2,045,809 - 102,477 Charges for services - - 673,243 - - -Development fees ' - 528,037 213,420 7,446 - 1,531,016 Other 420 35,655 Total Revenues 2,161,947 45,341 673,243 836,038 213,420 1,136,258 5,091,625 1,531,016 Expenditures: Current: General government - - - - - - 1,053,735 - Engineedngandpublicworks 1,679,121 131,383 - 170,808 - - 485,169 Community development - - - 3,988,281 Community services - - 731,409 78,679 - - Public safety.Bre protection - - - - - - Capital outlay 549,490 494,355 8,810 - - - 892,360 356.674 Debt service: Principal 57,882 - 290.000 Interest and fiscal charges 13,450 99.830 Total Expenditures 2,299,913 825,738 731.409 476,919 170,808 1,053,735 4,880,641 641,843 Excess of Revenues over (under)Expenditures (137,986) (580,397) (58.186) 159,117 42,612 84,523 210,984 689,173 Other Financing Sources(Uses): Operating transfers In Operating tramfers out - - (109,842) Debt proceeds Miscellaneous Total Other Financing Sources(Uses) (709,842) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses S (137,988) S (580.397) S (58,188) $ 159,111 S 42,812 �_ S 84,523 S 210,984 $ 579,331 Fund Balances: Beginning of Fiscal Year'as originally reported $ 2,443,542 $1,357,665 $ 388,901 $ 834,510 S 713,318 S 24,578 $ 886.212 $ 5,980,695 $ 1,988,827 Restatements 119.950 Beginning of Fiscal Year•as restated 2,583,492 1,357,6&5 366,901 634.330 713,316 24,578 866,212 5,980,695 1,988,827 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (137,966) (580.397) (58,168) 159,117 42,812 - 84,523 210,964 579,331 Residual Equity Transfers 24,5780 & ---C24,578). End of Fiscal Year(Schedule 4) $ 2,450,104 $ 777.268 $ 308.735 S 793,447 $ 758,128 S $ 950,735 S 6,191,679 $ 2,568,158 64 CITY OF RANCHO CUCAMONGA Schedulell COMBINING STATEMENT OF REVENUES,EXPENDITURES Page 2 of 4 AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Community Sen Sevalne/ Sobriety Air Park Bond Drainage Pedestrian Federal Development Assessment Mande Checkpoint Quality Revenues: Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Grant Improvement Taxes $ - $ - $ - S S - $ - $ - $ - $ - $ - Fines and forfeits - - - - - - -Use of money and property - 1,723 980 - 16,395 - - 12,937 Intergovernmental 30,959 - 48,221 814,523 404,430 - 125,962 Charges for services - - - - - Development fees - 75,422 444,320 . Other a a a 1,325 Total Revenues 30,859 77,145 980 48,221 814,523 462,040 404,430 138,899 Expenditures: Current: General government - - - - 387,410 - 123,383 Engineering and public:works - 74,845 7,614 - - - Community development - - - - 421,047 - - - - - Community services 30.959 - Public safety•fire protection - - - - - - Capital outlay - 181 120,017 393,476 6,216 - 277,353 - Debt service: Principal Interest and fiscal charges Total ExperMBures 30,959 75,026 127,631 814,523 393,626 277,353 123,383 Excess of Revenues over (under)Expenditures 2,119 980 (79,410) 68,414 127,077 15,516 Other Financing Sources(Uses): Operating transfers In - - - 79,409 - - 30,434 - - Operating transfers out - - - - Debt proceeds - Miscellaneous Total Other Financing Sources(Uses) 79,409 30,434 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses S S 2,119 Z 980 S (1) S $ 68,414 S $ 157.511 $ S 15,516 Fund Balances: Beginning of Fiscal Year.as originally reported $ $ 336,905 S 2,544 $ 315,851 S - $ 197,316 $ 817,080 S (129,977) $ - $ 213,207 Restatements 0 0 6 - Beginning of Fiscal Year-as restated 336,905 2,544 315,851 - 167,316 817,080 (129,977) - 213,207 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses - 2,119 950 (1) 68,414 157,511 15,516 Residual Equity Transfers - End of Fiscal Year(Schedule 4) $ L339.024 8 3,524 S 315,850 S S 235,730 $ 817,080 L 27,534 $ $ 228,723 65 CITY OF RANCHO CUCAMONGA Schedule 6 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, 1995 Foothill South Masi Used Oil 000 MH2 FETSIM SBA Marketplace Ethvands Commerce Library Recycling Revenues: Radio Grant Tree Grant Community Drainage Center Measure I Services Metrolink Grant Taxes $ - $ - S $ 432,503 $ - $ - $ - S 873,822 $ - $ - Finas and forfeits - - - - Use of money and property - - - 6,234 - 20,295 24,740 10,857 - Intergovemmentsl - - - - - 882,102 - 2,778,596 35,202 Charges for services - - - - 70,227 Development fees - - 8,000 - - - - - - Other 37,904 Total Revenues 448,737 902,397 1,006,893 2,789,453 35,202 Expenditures: Current. General government - 196,043 - - - - - - Engineering and public wort - - - - 180,325 - 103,029 20,366 Community development - - - - - - - - Community services - - 809,209 . Public safely-are protection - - - - - - - - Capital outlay 3,022 - - - - - 1,536,589 2,697,793 14,836 Debt service: Principal - 100,000 - - Irderest and fiscal charges Total Expenditures 3,022 196,043 1,718,914 909,209 2,800,822 35,202 Excess of Revenues over (under)Expenditures (3.022) 250,694 (814,517) 97,484I( 1,369) Other Financing Sources(Uses): Operating transfers In - - - - Operating transfers out - - - - (28,819) - - Debt proceeds Miscellaneous Total Other Financing Sources(Uses) (28,819) - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ (3,022) $ $ $ 250.894 $ s $ (814,517) It 88.665 1111,38a9 $ Fund Balances: Beginning of Fiscal Year-as originally reported S 2,965 $ - S - $ - S 1,479 S (1,952) S 1,284,778 $ - $ 30,187 $ - Restatements Beginning of Fbcal Year•as restated 2,965 - - - 1,479 (1,952) 1,254,778 - 30,187 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (3,022) 250.694 - (814,517) 68,665 (11,389) Residual Equity Transfers End of Fiscal Year(Schedule 4) $ (57) S S $ 250,694 $ 1,479 S 11.952) $ 470,259 $ 68,665 $ 18,818 $ 66 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING STATEMENT OF REVENUES, EXPENDITURES Page 4 014 AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1995 TOTALS Fire Yeafendedune Revenues: District 1995 1994 Taxes $ 7,819,712 9 14,763,840 9 12,498,650 Fines and forfeits 63,150 83,150 70,118 Use of money and property 275,330 887,251 621,973 Intergovernmental 148,844 7,415,125 5,918,705 Charges for services 113,717 857,167 803.721 Development fees 2,805,881 3,817,971 Other 1,379 76,683 14,512 Total Revenues 8,220,132 28,858,697 23,543,650 Expenditures: current; General government - 1,760,571 1,502,476 Engineering and public work - 2,852,460 2,734,239 Community development 4,409.328 3,687,517 Community services - 1.650.258 737.270 Public safety-fire protection 9,080,935 9,080.935 8.309.526 Capital outlay - 7,350,942 4,392,412 Debt service: Principal 447,882 329,537 Interest and fiscal charges 113,060 135,788 Total Expenditures 9,000,935 27,885,454 21,828,785 Excess of Revenues over (under)Expenditures (580,803) (798,757) 1.714,885 Other Financing Sources(Uses): Operating transfers In 509,914 619,757 1,662,381 Operating transfers out (22,613) (181,474) (130,020) Debt proceeds - 311,434 Miscellaneous (25.286) Total Other Financing Sources(Uses) 487,101 458,283 1.818,509 Excess of Revenues and Other Sources over(under)Expenditures end Other Uses 9 (373,702) 9 (338,474) S 3,533.394 Fund Balances: Beginning of Fiscal Year-as originally reported $ 4,348,919 $ 21,765,188 9 18,231,772 Restatements 119,950 Beginning of Fiscal Year•as restated 4,348,919 21,885,118 18,231,772 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (373,702) (338,474) 3,533,394 Residual Equity Transfers End of Fiscal Year(Schedule 4) $ 3,975,217 9 21,548,842 9 21,785,166 67 CITY OF RANCHO CUCAMONGA Schedule 6 Page 1 of 9 COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1995 GAS TAX SB 325 RECREATION Voris nes• Variance- anance- Favorable Favorable Favorable Revenues: Bu$ (Unfavorable) T s Mavorable) S Budget AT (Unfavorable) Taxes 3 - ' Fines and forfeits Use of money and property 30,000 115,718 85,718 10,000 45,341 35,341 - - Intergovemmentl 1,895,000 2,045,809 15009 Charges for servkas 752,820 873,243 (79,677) - - Development teas _ _ . Other 500 420 Total Revenues 1,925,500 2,161,947 238,447 10,000 45,311 35,341 752,920 673,243 (79,677) Etpenditures: urrant: General govsmment - - ' Engineering and public works 1,725,870 1,879,121 48,749 1 (5,74 25,840 131,383 3) - - - Community deve public - - - ' Community services - - 798.460 731,409 87,057 Public safety.Bre protection Ca at outlay 1,344,043 554,264 789,779 990,310 494,355 495,955 - - - Debl service:Principal 57,882 (57.882) Interest and Oscal charges 13,450 (13,450) Total Expenditures 3,069,913 2,304,717 765,196 1,115,950 825,738 490,212 798,408 731,409 87,057 Excess of Revenues over (under)Expenditures (1,144,413) 14277 1,001,643 (1,105,950) (580,397) 525,553 4554 (58,166) (12,620) Other Financing Sources(Uses): Operating trensfam in 480.750 - (480.750) - - 41,730 (41,730) ratDebt proceeds out Mixellaneous Tote)Other Financing Sources(Usessee)) 480,750 (48D 73M 41,730 (41,730) Excess of Revenues and Other Sources over(under)Expenditures end Other Uses(Budgetary Basis) (883.683) (142.770) 520.893 (1.105,850) (580,397) 525,553 (3,818) (58,166) (54,350) AdJToo ed ust for encumbrances 4,804 4,804 Excess of Revenues end Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 1_2n S (U7,9B8) S 525,697 S (1,tO5,950) S (580.397) $ 525,553 S (3.818) S (58.186) S (54,350) Fund Balances: - Beginning of Fiscal Year S 2,443,842 $2,443,542 $ S 1,357,885 S 1,357,665 $ - $ 388,901 $ 366.901 $ Restatement 119,950 119,850 Beginning of Fiscal Year-as restated 2,443,542 2,563,492 118,950 1,357,865 1,357,865 366,901 366,901 - Excess of Revenues end Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (663.60) (137,968) 525,697 (1,105,950) (580,397) 525,553 (3,815) (58,166) (54,350) Residual Equity Transfers 24,578 24,578 End of Fiscal Year $ 1,779,879 S 2,450,104 S 970,225 $ 251.715 S 777.268 S 525,553 S 383.085 $ 308.735 1_154,350L 68 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, 1995 PARK DEVELOPMENT BEAUTIFICATION LIGHTING DISTRICTS VarleF97 varlaMe-0- ariance• Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable Taxes S S S $ - S S - S 1,049,340 S 1,084,476 S 35,136 Fines and forfeits - - Use of money and property 690 7,522 6,832 - - - 11,020 ' 46,336 35,316 Intergovernmental - 102,477 102,477 - - - - - Cherrgpesforservices - - Development teas 475,000 526,037 51,037 167,230 213,420 48,190 7,446 7,446 Other 26,770 (26,770) Total Revenues 475,690 638,036 180,346 194,000 213,420 19,420 1,060,380 1,138,258 77,898 Expenditures: unera: General government - - - - 1,118,115 1,053,735 62,380 Engineering and ppuubli works - - 205.500 170.608 34,892 - - - Community dsve=erd - Community serAces 71,840 78,679 (8,839) - - - - - Public safety-the protection - - - - Cappkelou0ay 13,740 8,610 5,130 - - - Debt seMce: Principal 290,000 290,000 - - - - - Interest and fiscal charges 119,709 99,630 20,079 Total Expenditures 495,289 478,919 18,370 205,500 170.608 34,892 1,116,115 1.053.735 62,380 Excess of Revenues over (under)Expenditures (19,599) 159,117 178,718 (11,500) 42,812 54,312 (55,755) 84,523 140,278 Other Financing Sources(Uses): Operating transfers in - - Operating transfers out - Debt proceeds - Miscellaneous Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Bash) (19,599) 159,117 178,716 (11,50D) 42,612 54,312 (55,755) 84,523 140,278 Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources guar(under)Expenditures and Other Uses(GAAP Basis) S (19,599) $ 159,117 $ 178,718 S (11,500) $ 42,$12 $ 54,312 S (55,755) S 84,523 S 140,278 Fund Balances: Beginning of Fiscal Year $ 634,330 $ 634.330 $ - S 713,316 $ 713,316 $ S 866.212 S 866,212 $ - Restatements Beginning of Fiscal Year-as restated 634,330 834,330 713,316 713,316 886,212 866,212 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (19,599) 159,117 178,716 (11,500) 42,812 54,312 (55,755) 54,523 140,278 Residual Equity Transfers End of Fiscal Year $ 814,731 $ 793,447 $ 178,716 $ 701,816 7756,128 S 54,312 S 810,457 $ 950,735 S 140,278 89 CITY OF RANCHO CUCAMONGA Schedule 6 Page 3 of 9 COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1995 LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT PARK BOND ACT VariancewVariance- Variance- Favorable Fevoreble Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $4.547,910 $4.753.127 $ 205,217 S - S $ - $ S - S - Fines end forfeits - - - Use of m 10,00 oney end property 91,340 302,543 211,503 0 (10,000) IMergovemm nlal - - - 509,450 30.959 (478,491) Charges for services - Development teas - 1,235,380 1,531,018 295,656 - Other 29,800 35,855 5,855 570 (570) - Totel Revenues 4,889,050 5,091,625 422,575 1,245,930 1,531,018 285,068 509,450 30,959 (478,491) ETendltures: arrant: General oewmmeM - - _ _ ' Engineering and public woft 580,920 485,169 95,751 - Community development 4,678,515 3,988.281 690,234 Community services - - - - 104,450 30,959 73,491 Public safety-fire protection Ca al outlay 1,622,949 892,380 730.589 970,914 358,674 614,240 - - - Debt service: Principal - - - Interest and fiscal Chagas - Total Expenditures 6,301,484 4,880,641 1,420,823 1,551,1134 841,643 709,991 104,450 30,959 73,491 Excess or Revenues over (under)Expenditures (1,632,414) 210,984 1,843,398 (305,904) 669,173 995,077 405,000 (405,000) Other Financing Sources(Uses): Operating transfer$In ' Operating transfers out - (325,019) (109,842) 215,177 - - Debt proeseds _Miscellaneous Total Total Other FInanclng Sources(Uom) (325,019) (109,842) 215,177 Excess of Revenues end Other Sources ever(under)Expenditures and Other Uses(Budgetary Basis) (1,632,414) 210,964 1,543,398 (630,923) 578,331 1,210,254 405,000 (405,000) Adjustinents: To adjust for encumbrances Excess of Revenues end Other Sources over(under)Expenditures and Other Uses(GMP Basis) 5(1,632,414) S 210,984 S 1,843,396S (630.923) $ 579,331 $ 1,210,254 S 405,000 S $ (405,000) Fund Balances: Beginning of Fiscal Year $5.980.895 $5.980.05 $ $ 1,988,627 $1.988,627 $ $ S - $ - Restatements Beginning of Fiscal Year-as restated 5,980,695 5,980,695 - 1,968.827 1,988,827 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) (1,832,414) 210,984 1,843,398 (630,923) 579.331 1,210,254 405,000 - (405,000) Residual Equity Transfers End of Fiscal Year S 4,348,281 $8,191,679 $ 1,843,398 $ 1,357,904 $2,568,158 S 1,210,254 $ 405,000 S S (405,000) 70 CITY OF RANCHO CUCAMONGA Sihedule e COMBINING SCHEDULE OF REVENUES Page 4 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 DRAINAGE FACILITIES PEDESTRIAN GRANTS FEDERAL AID URBAN enanoe• Variance- anance- Favorable Favorable Favorable Revenues: Budget Actual nfevorabla Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes S - f S - S - $ - f - $ - S S - Fines and forfeits -Use of money and property 360 1,723 1,363 500 980 480 Intergovernmental - 4,000 - (4,000) 350,000 48,221 (301,779) Charges for services - Development fees 70,000 75,422 5,422 - - - - - Other Total Revenues 70,360 77,145 6,785 4,500 960 (3,520) 350,000 48,221 (301,779) Expenditures: urrant: General000vemment - - - - - - Engineering end public works 101,380 74,845 26,535 - 84,620 7,614 77,006 Community development - - - Community serAces - - Public safety•Bra protection CepBal outlay 14,680 181 14,479 4,000 - 4,000 369,484 120,017 249,467 Debt sery ce: Principal - - - Interest and fiscal charges Total Expenditures 116,040 75,026 41,014 4,000 4,000 454,104 127,631 326,473 Excess of Revenues over (under)Expenditures (45,680) 2,119 47,799 500 980 480 (104,104) (79,410) 24,694 Other Financing Sources(Uses): Operating transfers In - - - - - 79,409 79,409 Operating transfers out - - - - Debt proceeds - - - Mlecellaneous Total Other Financing Sources(Uses) 79,409 79,409 Excess of Revenues end Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (45,680) 2,119 47,799 50D 980 480 (104,104) (1) 104,103 AdJushnent : To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) f (45,880) f 2,119 f 47,799 f 500 f 960 $ 480 f (101,104) f (1) f 104,103 Fund Balances: Beginning of Fiscal Year f 336,905 S 336.905 $ $ 2,544 $ 2,544 $ - $ 315,651 S 315,651 $ - Restatements w - Beginning of Fiscal Year-as restated 336,905 338,905 2,544 2,544 - 315,651 315,651 - Excess of Revenues and Other Sourcas over(under)Expenditures and Other Uses(GAAP Basis) (45,680) 2,119 47,799 500 980 480 (104,104) (1) 104,103 Residual Equity Transfers End of Fiscal Year S 291,225 $ 339,024 f 47,799 f 3,044 S 3,524 $ 480 $ 211,547 $ 315,650 $ 104,103 71 CITY OF RANCHO CUCAMONGA Schedule 6 COMBINING SCHEDULE OF REVENUES Page 5 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION SB 140 ananee- Variance- Variance. Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ - S - S - S - S - $ - S - S - s - Fines and forfeits - - Use of money and property 8,640 16,395 7,755 Irltegevemmental 1,093,860 814,523 (279,337) 439,100 - (439,100) 1,003,720 404,430 (599,290) Charges for services - - - - Development fees - - - - 444.320 444,320 - - - Other 1,325 1,325 Total Revenues 1,093,860 814,523 (279,337) 447,740 462,040 14,300 1,003,720 404,430 (599,290) Expenditures: Current: Generalowmment - - 429,820 387,410 42,410 - - Engineering and ppublic,works - - - - - - Community davNopment 467,946 423,727 44,218 - - - - Communay,services - - - - - - Public safety•fire protection Cm at outlay 781,888 393,476 388,392 6,373 6,216 157 2,487,276 277,353 2,209,923 Debt service: Principal Interest and fiscal charges Total Expenditures 1,229,814 817,203 412,811 438,193 393,626 42,567 2,487,276 277,353 2,209,923 Excess of Revenues over (under)Expenditures (135,954) (2.600) 133,274 11,547 68,414 56,867 (1,483,556) 127,077 1,610,633 Other Financing Sources(Uses): Operating transfers In - - - - 30,434 30,434 Operating transfers out - - - - - Debt proceeds Miscellaneous Total Other Financing Sources(Uses) 30,434 30,434 Excess of Revenues and Other Sources ever(under)Expenditures and Other Uses(Budgetary Bash) (135,954) (2,680) 133,274 11,547 68.414 58,667 (1,483,556) 157,511 1,641,067 Adjustments: To adjust for encumbrances 2,880 2,680 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) S (135,954) S $ 135,954 S 11,547 $ 08,414 S 56,867 S(1,483,556) $ 157,511 $ 1,641,067 Fund Balances: Beginning of Fiscal Year $ - S $ - $ 167,318 $ 187,316 3 - S (129,977) $ (129,977) $ em Restatents Beginning of Fiscal Year•as restated - - - 167,316 167,316 (129,977) (129,977) - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Bash) (135,954) - 135,954 11,547 08,414 58,867 (1,483,556) 157,511 1,641,067 Residual Equity Transfer End of Fiscal Year S (135,954) S S 135,954 $ 178,883 $ 235,730 $ 56,867 S(1,613,533) $ 27,534 $ 1,641,067 72 CITY OF RANCHO CUCAMONGA Schedule 6 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, 1995 AIR QUALITY IMPROVEMENT 800 MHZ RADIO FOOTHILL MARKETPLACE COMMUNITY Variante• Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ $ $ $ T i - S 432,500 $ 432,503 S 3 Fines and forfeits - - - Use of money and property 3,000 12,937 9,937 - 4,320 6,234 1,914 Intergovernmental 135,400 125,982 (9,438) - - - - Cho Go for sawfoes - - - - - - - - - Developmerdfses - - - - - -• - 8,000 8,000 Other Total Revenues 138,400 138,899 499 436,820 446,737 8,917 Expenditures: unent: General 0ovemment 136,705 123,383 13,322 440,210 198,043 244,167 Engineering and ppublk works - - - - - - Community development - - - - Community"Move, - - - - - Public safety-Bre protection - - - - - - Capital outlay 65,000 65,000 1,511 3,022 (1,511) - - - De service: Principal - - - - Interest and fiscal charges Total Expenditures 201,705 123,383 78,322 1,511 3,022 (1,511) 440,210 196,043 244,167 Excess of Revenues over (under)Expenditures (83,305) 15,516 78,821 (1,511) (3,022) (1,511) (3,390) 250,894 254,084 Other Financing Sources(Uses): Operating transfers In - - - - Operating transfers oul - - - - Debt proceeds Miscellaneous Total Other Financing Sources(Us") - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (83,305) 15,518 78,821 (1,511) (3,022) (1,511) (3,390) 250,694 254,084 Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) S (83,305) S 15,516 $ 78,821 S (1.511) S (3,022) S (1,511) A__2,390L S 250,694 $ 254,084 Fund Balances: Beginning of Fiscal Year $ 213,207 $ 213,207 $ $ 2,965 S 2,965 S - S - $ $ Restatements Beginning of Fiscal Year•as restated 213,207 213,207 - 2,965 2,985 - - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (63.305) 15,516 78,821 (1,511) (3,022) (1,511) (3,390) 250,694 254,084 Residual Equity Transfers End of Fiscal Year $ 149,902 S 228,723 S 78,821 $ 1.454 s can $ (1,511) S (3,390) $ 250,694 $ 254,084 73 CITY OF RANCHO CUCAMONGA Schedule 6 Page 7 of 9 EXPENDITURES AND CHANGES IN REVENUES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 MASI COMMERCE CENTER MEASURE I LIBRARY SERVICES Vada a nce- anance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Texas $ - S - S S - $ $ T935,560 S 873,822 $ (61,738) Flues and forfeits - 15 0DO 20,295 5,295 23,100 24,740 1,640 rgovammemat Use ofmoneyneyand property - 5,570,000 882,102 (4,887,898) - ChInt - 23,22 arpesforsarvleas - - - - - 47,000 70,227 7 Development fees 15,000 - (15,000) - - Other 28,300 37,904 9,604 Total Revenues 15,000 (15,000) 5,585,000 902,397 (4,882,903) 1,033,960 1,006,693 (27,267) Expenditures: Cum nt: General government 15,000 - 15,000 - Engineering and public works - - - 181,970 180,325 1,845 - community development - - - Community services - - - - 913,890 814,499 99,391 Public safety-Bre protection - - - - - Cepsal outlay - - 5,842,535 1,338,589 4,105,946 - Det service: - 100,000 (100,DD0) Principal - - - - Interest and fiscal charges - Total Expenditures 15,000 15,000 5,824,505 1,716,914 4,107,591 913,890 914,499 (609) Excess of Revenues over (under)Expenditures 939,5051 (814,517) (575,012) 120,070 82,194 2( 7.876) Other Financing Sources(Uses): Operating transfers In - - Operating transfeout - - - (1,424,747) 1,424,747 (28,81 (28.819) r Debt proceeds Miscellaneous Total Other Financing Sources(Uses) (1,424,747) 1,424,747 98.8181 28,818) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) - - (1,684.252) (814,317) 849,735 91,251 63.375 (27,876) Adjustments: 5,290 5,290 To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) S S S 11n&21 8 814 S7 S 849,735 $ 81,251 S 88.865 S 2( 2.506) Fund Balances: Beginning or Fiscal Year $ (1,952) $ (1,852) $ $ 1,284,778 $ 1,284,776 S $ $ $ Restatements - BeginningofFiscalYear-as restated (1,952) (1,952) - 1,284,776 1,284,776 - - mre of r(underRevenues es ExperMBures and Other Uses(GMP Basis) - (1,884,252) (814,517) 849,735 91,251 68,665 (22,586) Residual Equity Transfers End or Fiscal VaerS (1,952) S 1.92 S 8 92.586)( 37 3 74 CITY OF RANCHO CUCAMONGA Schedule B COMBINING SCHEDULE OF REVENUES Page 8 of 9 EXPENDITURES AND CHANGES IN FUND BALbNCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 METROLINK USED OIL RECYCLING GRANT FIRE DISTRICT anenee• ansnoe- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ S 36,524.330 S 7,619,712 $1.095,382 Fines and forfeits - - - 69,170 63,150 (6,020) Use of money and property 12,000 10,857 (1,143) - - - 234,370 275,330 40,960 IMergovemmentel 2,888,930 2,778,598 (90,334) 74,340 35,202 (39,138) 1,097,520 146, (40,676) 844 Charges for services _ 154,100 113,717 ( Development fees (40,383) Other 5,000 1,379 (3,621) Total Revenues 2,880,930 2,789,453 (91,477) 74,340 35,202 (39,138) 8,084,490 8,220,132 135,642 Expenditures: Currant: General povemment - - - - - - - Engineering and public works 181,630 1(X1,028 78,801 51,880 20,368 33,294 - - - Community development - - - - - - Community services - - - - Publicsafety-fire protection - - - - 9,541,290 9,080,935 460,355 Capital outlay 2,732,548 2,697,793 34,755 20,680 14,836 5,844 - - Debt service: Principal - - - - Interest and fiscal charges Total Expenditures 2,914,178 2,800.822 113,356 74,340 35,202 39,138 9,541,290 9,080,935 460,355 Excess of Revenues over (under)Expenditures (33,248) (11,369) 21,879 (1,456,800) (680,803) 595,997 Other Financing Sources(Uses): Operating transfers In - - - 413,320 509,914 96,594 Operating transfers out - - - - - (22,813) (22,813) Debt proceeds - - - Miscellaneous Total Other Financing Sources(Uses) 413,320 487,101 73,781 Excess or Revenues and Other Sources war(under)Expenditures and Other Uses(Budgetary Basis) (33,248) (11,369) 21,579 - - (1,043,480) (373,702) 669,778 Adjustinents: To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) S (33,248) S (11,389) $ 21,879 S $ $ 3(1.043,480) S (373,702) $ 669,778 Fund Balances: Beginning of Fiscal Year S 30,187 $ 30,187 $ $ - $ - S $4.348.919 $4,348,919 $Restatements Beginning of Fiscal Year-as restated 30,187 30,187 - - - - 4,348,919 4,348,919 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) (33,248) (11,369) 21,879 - - - (1,043,480) (373,702) 669.778 Residual Equity Transfers End of Fiscal Yost S (3,061) S 18,818 $ 21,879 S S S $3.305,439 $3.975.217 $ 669,778 75 CITY OF RANCHO CUCAMONGA Schedule e 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, 1995 T O T A L S-Year Ended June 30, 1998 1984 car ance- Favorable Revenues: Budget Actual (Unfavorable) Actual Taxes S 13,469,640 7F 14,763,640 3 1,274,000 $ 12,498,850 Fines and forfeits 69,170 63,150 (6.020) 70,118 Use of money and property 454,340 887,251 432,911 621,837 Intergovemmemal 15,041,320 7,415,125 (7,628,195) 5,918,705 Charges for services 954,020 857,187 (96,833) 803.721 Development fees 1,962,590 2,805,661 843,071 3,817,971 Other 90,940 78,683 (14,257) 12,044 Total Revenues 32,062,020 28,868,697 (5,193,323) 23,541,146 Expenditures: urrent: General government 2.137,850 1,76(1,571 377,279 1,515,480 Engineering and public works 3,241,190 2,852,460 368.730 2,734,239 Community development 5,146,461 4,412,OD8 734,453 3,696,920 Community services 1,888,846 1,855,546 233,100 752,582 Public safety-fire protection 9,541,290 9,080,935 460,355 8,309,528 Ce to]outlay 17,047,891 7,355,746 9,892,145 4,660,007 Debt service: Principal 290.000 447,882 (157,882) 329,537 Interest and fiscal charges 119,709 113,050 8,829 135,788 Total Expenditures 39.413,037 27,878,228 11.734,809 22,334,078 Excess of Revenues over (under)Expenditures (7,351,017) (809,531) 8,541,486 1,207,067 Other Financing Sources(Uses): Operating transfers In 935,800 819,757 (316,043) 1,682,381 Ope�rating transfers (1,778,585) (161,474) 1,817,111 (130,020) 311,434 Miscellaneous (25,286) Total Other Financing Sources(Uses) (842,785) 458,283 1,301,068 1,818,509 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Bash) (8.193,802) (351,248) 7,842,554 3,025,576 Adjustrnents: To adjust for encumbrances 12,774 12,774 505,314 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) S (8.193.802) S 1338.474) S 7,855.326 $ 3,530,890 Fund Balances: Beginning of Fiscal Year $ 20,922,029 S 20.922.029 $ $ 17,391,139 Restatements 119,950 119,950 Beginning of Fiscal Year-as restated 20,922,029 21,041,979 119,950 17,391,139 Excess of Revenues end Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (8,193,802) (338,474) 7,855.328 3,530,890 Residual Equity Transfers 024,578 24,578 End of Fiscal Year $ 12,726,227 $ 20,703,505 $ 7,975,278 S 20,922,029 76 This page intentionally left blank. 1 OWMF- WWM > - UW 11. z 1 This page intentionally left blank. ' 1 1 1 1 DEBT SERVICE FUNDS ' Public Improvement Corporation Fund To accumulate mones for payment of$2;875,000 Certificate of Participation, Rancho Cucamonga Park Improvement Corporation. Financing is provided through lease revenue from the City of ' Rancho Cucamonga and investment income. Redevelopment Agency Fund To accumulate monies for payment of the following: $8,131,960 loans to City of Rancho Cucamonga payable as funds become available to the Agency; $107,780,000 Tax Allocation Bonds ' due in annual installments through September 1,2020. All tax increments received are placed in this fund and are used to retire debt(bonded or loans from the City)in accordance with the Health and Safety Code. 1 1 1 i CITY OF RANCHO CUCAMONGA Schedule 7 COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS JUNE 30, 1995 Public TOTALS Improvement Redevelopment June 30, A 8 S E T S Corporation Agency 1996 1994 Cash and Investments $ - E 12,795,925 E 12,795,925 S 14,443,895 Cash and Investments with fiscal agent 296,733 7,028,985 7,325,718 7,023,164 Receivables(net of allowance for uncollectibles): Taxes - 87,502 87,502 - Other - - 330,92 Due from other funds 330,929 9 97,859 Due from other govemments - - - 4,615 Deposits 25,000 25,0D0 25,000 Total Assets $ 296.733 S 20.268.341 $ 20,565,074 $21,594,533 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ 435,096 $ 435,096 $ 49,661 Due to other funds - 26,031 26,031 19,154 Due to other governments - 494.319 494,319 520,004 Total Liabilities 955,446 955,446 588,819 Fund Balances: Unreserved: Designated for debt service 296,733 19,312,895 19,609,628 21,005,714 Undesignated Total Fund Balances 296,733 19,312,895 19,609,628 21,005,714 Total Usblli ies and Fund Balances $ 296.733 $20.268.341 $ 20.565.074 $ 21,594,533 77 ■■i w w w �w w■ w iw w iw wi w w� w w 'w w w w� 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 30,1995 Public TOTALS Improvement Redevelopment Year ended June 30, Corporation Agency 1995 1994 Revenues: Taxes $ $ 15,926,424 $ 15,926,424 $ 16,950,457 Use of money and property 4,859 427,426 432,285 401,568 Total Revenues 4,859 16,353,850 16,358,709 17,352,025 Expenditures: Current: General government - 1,685,115 1,685,115 3,923,878 Capital Outlay 2,497,684 2,497,684 1,434,864 Debi Service: Principal - 3,560,000 3,560,000 5,723,008 Interest and fiscal chargee 7,550,669 7,550,669 5,641,484 Bond defeasance coats Total Expenditures 15,293,468 15,293,468 16,723,234 Excess of Revenues over (under)Expenditures 4,8,59 1,060,382 1,065,241 628,791 Other Financing Sources(Uses): Operating transfers In 10,776,416 10,776,416 8,710,411 Operating transfers out (12,144,027) (12,144,027) (12,767,786) Debt proceeds - 64,460,000 Payment on refunded bonds - - - (62,171,485) Miscellaneous (1,093,716) (1,093,716) (588,828) Total Other Financing Sources(Uses) (2,461,327) (2,461,327) (2,357,688) Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses 4,859 (1,400,945) (1,396,086) (1,728,897) Fund Balances: Beginning of Fiscal Year-as previously reported 291,874 20,713,840 21,005,714 22,734,611 End of Fiscal Year(Schedule 7) $ 296,733 $ 19,312,895 $ 19,609,828 $ 21,005,714 78 CITY OF RANCHO CUCAMONGA Schedule 9 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1993 T O T A L S-Year Ended June 30, REDEVELOPMENT AGENCY 1995 1994 Variance. Variance- Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes $20,774,110 $ 15,926,424 111 (4,847,686) $ 20,774,110 $ 15,928,424 $ (4,847,686) $ 16,950,457 . Use of money and property 427,428 427,428 0 427,426 427,426 397,901 Total Revenues 20,774,110 18,353,850 (4,420,26% 20,774,110 16,353,850 (4,420,260) 17,348,358 Expenditures: Current: General government 440,320 1,685,115 (1,244,795) 440,320 1,685,115 1,244,795 3,923,878 Capital Outlay 64,300 2,497,684 (2,433,384) 64,300 2,497,684 2,433,384 1,434,864 Debt Service: Principal 18,186,680 3,560,000 14,628,680 18,186,680 3,560,000 (14,626,680) 5,723,008 Interest and fiscal charges 300,000 7,550,669 (7,250,689) 300,000 7,550,669 7,250,669 5,641,484 Total Expenditures 18,991,300 15,293,468 3,697,832 18,991,300 15,293,468 (3,697,832) 16,723,234 Excess of Revenues over (under)Expenditures 1,782,810 1,060,382 (722,428) 1,782,810 1,060,382 (722,428) 625,124 Other Financing Sources(Uses): Operating transfers In 10,639,540 10,778,416 136,876 10,639,540 10,776,416 136,876 8,710,411 Operating transfers out (9,898,789) (12,144,027) (2,245,238) (9,898,789) (12,144,027) (2,245,238) (12,767,786) Debt proceeds - - - 64,460,000 Payment on refunded bonds - - (62,171,485) Miscellaneous (3,194,640) (1,093,716) 2,100,924 (3,194,840) (1,093,716) 2,100,924 (587,370) Total Other Financing Sources(Uses) (2,453,889) (2,461,327) (7,438) (2,453,889) (2,461,327) (7,438) (2,356,230) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses $ (671,079) $ (1,400,945) $ (729,868) $ (671,079) $ (1,400,945) $ (729,866) $ (1,731,106) Fund Balances: Beginning of Fiscal Year $20,713,840 $ 20,713,840 $ $ 20,713,840 $ 20,713,840 $ $ 22,444,946 End of Fiscal Year $20,042,761 $ 19,312,895 $ (729,866) $ 20,042,761 L 19,312,895 $ (729,866) $ 20,713,840 79 vzCm 0 � nmc- pMM This page intentionally left blank. , CAPITAL PROJECTS FUNDS ' Assessment District 824R 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. 8672. 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 30,1995 TOTALS Assessment Districts Redevelopment June 30, A S S E T S 82-18 841 842 86.2 89.1 Agency 1995 1994 Cash and Investments $ 219,569 $ 2,299,077 $ 29,424 $325,797 $ 18,797 $ 58,166,436 $ 61,061,102 $ 66,787,432 Investment-lend held for resale - - - - 10,778,871 10,778,871 10,778,871 Receivables(net of allowance for uncollectible): Taxes - - - - 21,876 21,876 - Accounts - - - - - 52,665 52,665 1,161 Interest - - - - - 286,708 286,708 349,117 Loan - - - 9,467,500 9,467,500 9,145,000 Due from other funds - - - - - 29,018 29,018 322,755 Deposits - - - - 573,595 573,595 1,898,330 Advances to other funds 4,290,000 4,290,000 4,290,000 Total Assets $ 219,569 If 2,299,077 $ 29,424 $325,797 $ 18,797 $ 83,668,671 $ 86,561,335 $ 93,572,666 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ $ - $ $ $ 189,105 $ 189,105 $ 1,025,329 Accrued payroll payable - - - 384 - 384 6 Deposits - - 3,864 - 10,000 13,864 10,964 Due to other funds 1,666,663 25,625 147,995 1,840,283 2,601,149 Total Liabilities 1,666,663 3,864 26,009 347,100 2,043,636 3,637,448 Fund Balances: Reserved for encumbrances - - 2,352,197 2,352,197 3,229,337 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 9,145,000 Reserved for land held for resale - - - 10,778,871 10,778,871 10,778,871 Unreserved: Designated for continuing projects - 56,433,003 56,433,003 61,222,393 Undesignated 219,569 632,414 25,560 299,788 18,797 1,196,128 1,269,617 Total Fund Balances 219,569 632,414 25,560 299,788 18,797 83,321,571 84,517,699 89,935,218 Total Liabilities and Fund Balances $ 219,569 $ 2,299,077 $ 29,424 $325,797 $ 18,797 $ 83,668,671 $ 86,561,335 $ 93,572,666 80 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 30,1995 TOTALS Assessment Districts Redevelopment Year ended June 30, Revenues: 82-1 R 841 842 86.2 89.1 Agency 1995 1994 Taxes S S - E $ - E 7 $ 4,371,360 E 4,371,360 $ 4,744,152 Use of money and property 11,375 49.629 1,534 17,108 3.088 3,688,330 3,751,064 3,223,256 Total Revenues 11,375 49.629 1.534 17.108 3,088 8.039.690 8,122.424 7,967,408 Expenditures: Current: General government - - - 3,127,030 3,127,030 2,584,844 Engineering and public works SAW 197 19,219 - - 28,302 179,947 Capital outlay - - - - 16,382,7116,3 8 82,718 9,388,816 Debt service: Principal - - - 265,478 265,478 Interest and fiscal charges 1,901,518 1.901,518 1,528,630 TotalExpend8ures SAW 197 19,219 21,676,744 21,705,048 13,682,237 Excess of Revenues over (under)Expenditures 2.489 49.629 1,337 (2,111) 3,088 (13,637,054) (13,582,622) (5,714,829) Other Financing Sources(Uses): 580,510 880,510 5,357,375 Operating transfers In - - Operating transfers out - - _ (2,800,000) Loss on sale of land held - - - (2.509,834) (2.509.634) 140,853 Debt proceeds - - - 10,148,814 10,148,814 5,353,260 Miscellaneous (226.866) (226,666) (834,058) Total Other Financing 8,293,024 8,293,024 7,217,430 Sources(Uses) Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses E2,489 S 49.629 E 1,337 S (2,111) E 3,088E (5,344,030) S (5,289,598) E 1,502,601 Fund Balances: Beginning of Fiscal Year-as previously reported $ 217,080 $ 582,785 $ 24,223 E 301,899 E 143,630 $ 88,665,801 $ 89,935,218 E 88,002.117 Restatements 0 - - 430,500 Beginning of Fiscal Year-as restated 217,080 582,785 24,223 301,899 143,630 88,865,601 89,935,218 88,432,617 Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses 2,489 49,629 1,337 (2,111) 3,088 (5,344,030) (5,289,598) 1,502,601 Residual Equity Transfer (127,921) (127,921) End of Fiscal Year(Schedule 10) S 219,569 $ 632,414 E 25,560 E 299.788 $ 18.797 $ 83.321,571 E 84.517,699 $ 89,935,218 81 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, 1995 ASSESSMENT DISTRICT 82-1 R ASSESSMENT DISTRICT"I ASSESSMENT DISTRICT 842 varliFur Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual Unfavorable) Budget Actual Unfavorable) Taxes $ 3 S i S $ S S S Use of money and property 4,290 11,375 7,085 33,710 49,829 15,919 580 1,534 974 Total Revenues 4,290 11,375 7,085 33,710 49,829 15,919 560 1,534 974 Expenditures: Current: General government - - Engineering and public works 18,590 8,888 10,704 - 150 197 (47) Capital outlay ' Debt service: . Principal - - Interest and fiscal charges Total Expenditures 19,590 5,888 10,704 150 197 (47) Excess of Revenues over (under)Expenditures (15,300) 2,489 17,789 33,710 49,829 15,919 410 1,337 927 Other Financing Sources(Uses): Operating transfers In 19.590 - (19,590) - Operating transfers out ' Debt proceeds - - Gain on sale of lend hold - - - Miscellaneous Total Other Financing Sources(Uses) 19,5901( 9,590) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) 4,290 2,489 (1,801) 33,710 49,629 15,819 410 1,337 927 Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basle) $ 4,280 $ 2,489 S (1,801) $ 33.710 $ 49,829 6 15,918 S 410 11.337 S 927 Fund Balances: Beginning of Fiscal Year-es previously reported $ 217,080 S 217,080 S $ 582,785 $ 582,785 $ 3 24,223 3 24,223 $ - Restatements Beginning of Fiscal Year-as restated 217,080 217,080 - 582,785 582,785 24,223 24,223 - Excess of Revenues and Other Sources over(under)Expenditures end Other Uses 4,290 2,489 (1,801) 33,710 49,829 15,919 410 1,337 927 Residual Equity Transfer End of Fiscal Year 6 221,370 6 219,569 111,8_011 6818,495 6632.414 115,919 $ 24,633 225,560 6 927 82 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 2 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUALBUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 ASSESSMENT DISTRICT 88-2 ASSESSMENT DISTRICT WI REDEVELOPMENT AGENCY Variance- Variance- anance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes $ 3 S $ - S S S 5,108,060 S 4,371,360 $ (736,700) Use of money and property 6,490 17,108 10,818 3,300 3,088 (212) 3,668,330 3,668,330 Total Revenues 6,490 17,108 10,818 3,300 3,088 (2+2) 5,108,060 8,039,690 2,931,630 Expenditures: Cunene: General government - - 3,512,590 3,501,555 11,135 Engineering and public works 22,270 18,219 3,051 - - - -Capital outlay - - - - 15,981,640 18,360,390 (2,398,750) Debt service: - Principal - - - - - - 8,019,320 265,478 7,753,842 Interest and fiscal charges 448,570 7,901,518 (1.452,948) Total Expenditures 22,270 19,219 3,051 27,942,220 24,028,941 3,913,279 Excess of Revenues over (under)Expenditures (15,780) (2,111) 13,889 3,300 3,088 (212) (22,834,180) (15,989,251) 6,844,909 Other Financing Sources(Uses): Operating transfers In 15,780 (15,780) - - 10,000 880,510 870,510 Operating transfers out - - - - (5,771.190) 5,771,190 Debt proceeds - - - - - - 11,242,220 10,148,814 (1,093,406) Gain on sale of land held - - - - - (2.509.634) (2.509,634) Miscellaneous (226,666) (226,666) Total Other Financing Sources(Uses) 15,7801( 5,780) 5,481,030 8,293,024 2,811,994 Excess of Revenues and Other Sources , over(under)Expenditures and Other Uses(Budgetary Bash) - (2,111) (2,111) 3,300 3,088 (212) (17,353,130) (7,696,227) 8,656,903 Adjustments: To adjust for encumbrances 2,352,197 2,352,197 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Bash) $ S (2,111) S J 111 3,300 $ 3,088 s (212) 5(77,353,130) S (5.344,030) $ 12,009,100 Fund Balances: Beginning of Fiscal Year-as previously reported S 301,899 S 301,899 S - $143,630 5743,630 $ $ 88,665,601 S 88.665,601 $ Restatements Beginning or Fiscal Year-as restated 301,899 301,899 - 743,630 747830 88,665,601 88,865,601 - Excess or Revenues and Other Sources over(under)Expenditures and Other Uses (2,111) (2,111) 3,300 3,088 (212) (17,353,130) (5,344,030) 12,009,100 Residual Equity Transfer. 12( 7,921) 12( 7,921) End of Fiscal Year S 301,699 S 299.788 1_2.777) $ 79,009 $ 18,797 1_9121 $ 71,312,471 S 83,321,571 S 12,009,100 83 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Ppge 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, 1995 _ T0TAL8-Year Ended June 30, 1996 1994 a anee- Favorable Revenues: Budget Actual (Unfavorable) Actual Taxes $ 5,108,060 S 4,371,380 S (738,700) S 4,744,152 Use of money and property 48,350 3,751,064 3,702,714 3,223,256 Total Revenues 5,158,410 8,122,424 2,958,014 7,967,408 Expenditures: Current General government 3,512,890 3,501,555 11,135 2,783,948 Engineering and public works 42,010 28,302 13,708 179,947 Capital outlay 15,981,640 18,381 (2,398,750) 12,419,051 Debt service: Principal ' 8,019,320 285.478 7,753,842 Interest and fiscal charges 448,570 1,901,518 (1,452,948) 1,528,630 Total Expenditures 27,984,230 24,057,243 3,929,987 18,911,574 Excess of Revenues over (under)Expenditures (22,827,820) (15,934,819) 8,893,001 (8,944,166) Other Financing Sources(Uses): Operating trans am in 880,510 880,510 5,357,375 Operating transfem out (5.771.190) 5,771,190 (2,800.000) Debt proceeds 11,242,220 10,148,814 (1,093,406) 5,353,260 Gain on sale of land held - (2,509,631) (2,509,834) 140,853 Miscellaneous (226,666) (228,888) (834,058) Total Other Financing Souroes(Uses) 5,471,030 8,293,024 2,921,994 7,217,430 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (17,356,790) (7,641,795) 9,714,995 (1,728,738) Adjustments: To adjust for encumbrances 2,352,197 2,352,197 3,229,337 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Bash) S (17,358,790) S (5,289,598) $ 12,097,192 S 1,502,801 Fund Balances: Beginning of Fiscal Year-as previously reported $ 89,935,218 S 89,935,218 $ - S 88.002.117 Restatements 430,500 Beginning of Fiscal Year-as restated 89,935,218 09,935,218 88,412,617 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (17,358,790) (5,289,598) 12,087,192 1,502,801 Residual Equity Transfer (127,921) (127,921) End of Fiscal Year $ 72,450,507 $ 84,517,899 $ 12,067,192 $ 89.935,218 54 LL LLDZ0 This page intentionally left blank. , ' AGENCY FUNDS ' Special Deposits Fund Established to account for all deposits held by the City in its fiduciary capacity. ' Deferred Compensation Fund Established to account for employee-deferred earnings restricted to be paid at a later date to said ' employee upon termination or retirement from the City of Rancho Cucamonga. Assessment District 82-IR Fund ' Established to account for assessments received under the Refunding Act of 1984 for 1915 Improvement Act Bonds. Assessments received are restricted for payment of principal,interest,and ' penalties thereon,upon presentation of proper coupons. ' Assessment District 84-1 Fund Established to account for assessments received under the 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-PD Fund ' Established to account for assessments-received under the Improvement Bond Act of 1915 and Landscape/Lighting Act of 1972. Assessments received are restricted for payment of principal, interest, and penalties thereon,upon presentation of proper coupons. Assessment District 88-2 Fund , Established to account for monies deposited by the developers for future construction within the ' Assessment District 88-2. 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. CITY OF RANCHO CUCAMONGA Schedule 13 COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 1995 TOTALS Special Deferred Assessment Districts June 30, A S S E T S Deposfts Compensation 82-1 R 841 842 86.2 85-PD 88-2 69.1 1996 1 9 9 4 Cash and Investments $ $ - $ 1,816,351 $ 1,823,783 $248,796 $ 456.116 $1,855,067 $2,709.660 $11.008,0114 $ 9,717,857 9 11,533,438 Cash and Investments with trustee - 3,779,174 - - - - - - 3,779,174 - Restricted cash 7,037,141 - - - - - - - - 7,037,141 6,636,844 Receivables(net of allowance for uncollectibles): Accounts 21,028 - - - - - - - 21,028 19,682 Interest - - - - - - - - 16,588 16,588 - Taxes - 17,394 9,547 5,614 1,574 18,541 613 - 53,283 101,626 Due from other funds W 49,016 0 49,016 49,016 Total Assets $ 7,058,169 $ 3779,174 $ 1,833,745 S 1,633,330 $254,410 $ 506.706 $1,873,608 $2710273 $1024672 $20,674,087 $18,340,606 IA9ILITIES AND FUND BALANCES Liabilities: Accounts payable $ 115,543 $ - $ - $ - $ - $ - $ 30,307 $ - $ - $ 145,850 $ 138,060 Accrued payroll payable - - - - - - 4,781 - - 4,781 3,580 Deposits 6,941,004 _ _ _ _ _ _ _ 6,941,004 6,546,068 Due to other funds 1,622 - - - - - - - 1,622 688 Deferred compensation payable - 3,779,174 - - - - - - 3,779,174 3,096,496 Bond indenture reserve requirement - - 476,900 - 171,679 2D5,934 125,000 - 478,067 1,457,580 1,457,580 Payable to trustee 1,356,845 1,633,330 82,731 300,772 1,713,520 2,710,273 546,605 8,344,076 7,098,134 Total Liabilities $ 7,058,169 $ 3,779,174 $ 1,833,745 $ 1,633,330 $254410 $ §M706 $1873608 $2,710,273 $1024672 $20,674,087 $18,340,606 85 CITY OF RANCHO CUCAMONGA Schedule 14 Page 1 of 3 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1,1994 Additions Deletions June 30,1995 SPECIAL DEPOSITS Assets: Restricted cash E 6,636,844 E 7,037,141 E 6,636,844 E 7,037,141- Accounts receivable 19,682 39,886 38,540 21,028 Total Assets E 6,656,526 E 7.077,027 E 6,675,384 E 7,OW 169 Liabilities: Accounts payable E 109,770 E 116,231 E 110,458 E 115,543 Deposits 6,546,068 1,034,275 639,339 8,941,004 Due to other funds 686 1,822 688 1,622 Total Liabilities E 6.656,528 E 1552528 E 750,485 E 7,OW 169 DEFERRED COMPENSATION Assets: Cash and Investments with trustee E 3,096,496 E 682,678 E E 3,779,174 Liabilities: Deferred compensation payable E 3,096,498 E 682,678 E - E 3,779,174 ASSESSMENT DISTRICT 82.1 R Assets: Cash and Investments E 1,485,338 E 901,648 E 570,835 E 1,816,351 Taxes receivable 616 17,394 616 17,394 Total Assets E 1,485,954 E 919,242 E 571,451 E 1,833,745 Liabilities: Bond Indenture reserve requirement E 476,900 E - E - E 476,900 Payable tolrustee 1,009,054 917,309 569,518 1,356,845 Total Liabilities E 1,485,954 E 917,309 E 569,518 E 1,833,745 ASSESSMENT DISTRICT 841 Assets: Cash and investments E 1,389,202 E 2,085,383 E 1,85.802 E 1,623,783 Taxes receivable 8,995 9,547 8,995 9,547 Total Assets E 1,398,197 E 2,094,930 E 1,859,797 E 1,633,330 Liabilities: Payable to trustee E 1,398,197 E 2,094,755 E 1,859,622 E 1,633,330 Total Liabilities E 1,398,197 E 2,094,755 E 1,859,622 $ 1,833,330 86 CITY OF RANCHO CUCAMONGA Schedule/4 Page 2 of 3 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Balance Balance July 1,1994 Additions Deletions June 30,190 ASSESSMENT DISTRICT 842 Assets: Cash and Investments $ 394,009 $ 214,296 $ 359,509 $ 248,796 Taxes receivable 9,703 5,614 9,703 5,614 Total Assets E 403,712 S 219,910 $ 369,212 $ 254,410 Liabilities: Bond indenture reserve requirement $ 171,679 $ - $ - E 171,679 Payable to trustee 232,033 219,193 368,495 82,731 Total Liabilities E 403,712 S 219,193 $ 368,495 2254.410 ASSESSMENT DISTRICT 86.2 Assets: Cash and Investments - $ 427,980 $ 217,477 $ 189,341 $ 456,116 Taxes receivable 2,112 1,574 2,112 1,574 Due from other funds 49,016 49,016 Total Assets $ 479,108 S 219,051 $ 191,453 $ 506.706 Liabilities: Bond Indenture reserve requirement $ 205,934 $ - $ - $ 205,934 Payable to trustee 273,174 218,493 190.895 300,772 Total Liabilities E 479,108 S 218.493 S 190,895 $ 506.706 ASSESSMENT DISTRICT 85-PD Assets: Cash and Investments $ 1,447,783 $ 1,791,381 $ 1,384,097 $ 1,855,067 Taxes receivable 24,378 18,541 24,378 18,541 Total Assets $ 1,472,161 $ 1.809,922 $ 1,408,475 $ 1,873.608 Liabilities: Accounts payable $ 16,173 $ 30,307 $ 16,173 $ 30,307 Accrued payroll Payable 3,580 4,781 3,580 4,781 Bond Indenture reserve requirement 125,000 - 125,000 Payable to trustee 1,327,408 1,803,751 1,417,839 1,713,520 Total Liabilities $ 1,472,161 $ 1,838,839 $ 1,437,392 $ 1,873,608 87 CITY OF RANCHO CUCAMONGA Schedule 14 Page 3 of 3 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1995 Balance Balance ASSESSMENT DISTRICT 88.2 July 1,1994 Addabns Deletions June 30,1995 Assets: Cash and Investments $ 2,377,099 $ 608,402 $ 275,841 $ 2,709,660 Taxes receivable 55,822 613 55,822 613 Total Assets $ 2,432,921 $ 609,015 $ 331,663 E 2,710,273 Liabilities: Accounts payable $ 12,117 $ $ 12,117 E - Payable to trustee 2,420,804 570,582 281,093 2,710,273 Total Liabilities $ 2,432,921 $ 570,562 $ 293,210 $ 2,710.273 ASSESSMENT DISTRICT 69.1 Assets: Cash and Investments E 915,531 E 610,506 $ 517,953 E 1,006,084 Interest receivable 16588 16,588 Total Assets $ 915,531 $ 627,094 $ 517,953 $ 1,024,672 Liabilities: Bond Indenture reserve requirement $ 476,067 $ - S - E 478,087 Payable to trustee 437,464 625.684 516,543 546,605 Total Liabilities E 915,531 $ 625,684 $ 516,543 S 1,024,672 TOTALS-ALL AGENCY FUNDS Assets: Cash and Investments $ 6,436,942 $ 6,429,293 S 5,148,378 $ 9,717,857 Cash and Investments with trustee 3,095,496 682,678 - 3,779,174 Restricted cash 6,636,844 7,037,141 6,636,844 7,037,141 Accounts receivable 19,662 39,886 38,540 21,028 Interest receivable 16,586 - 16,588 Taxes receivable 101,626 53,283 101,626 53,283 Due from other funds 49,016 49,016 Total Assets $ 16,340,606 $ 14,258,669 $11,925,388 $ 20,674,087 Liabilities: Accounts payable $ 138,060 $ 146,538 S 138,748 $ 145,850 Accrued payron payable 3,550 4,781 3,580 4,781 Deposits 6,546,068 1,034,275 639,339 6,941,004 Deferred compensation payable 3,097,184 682,678 668 3,779,174 Bond Indenture reserve requirement 1,457,580 - - 1,457,580 Payable to trustee 7,098,134 6,449,747 5,203,805 8,344,076 Total Liabilities $ 18,340,606 $ 6,319,641 $ 5,986,160 $ 20.674,087 Be � � mC/) cnv vmx — m rvmmzmo This page intentionally left blank. , CITY OF RANCHO CUCAMONGA Schedule 16 STATEMENT OF GENERAL FIXED ASSETS JUNE 30, 1995 TOTALS 1995 1994 General Fixed Assets: Land $ 39,659,984 E 39,659,984 Building Improvements 72,007,224 70,487,807 Improvements other than buildings 55,711 55,711 Equipment and vehicles 13,378,233 11,240,516 Furniture and fixtures 3,359,816 3,106,921 Construction In progress 2,806,542 2,737,300 Total General Fixed Assets E 131,267,510 E 127.288,239 Investment In General Fixed Assets $131,267,510 $127,288,239 89 CITY OF RANCHO CUCAMONGA Schedule 16 SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY JUNE 30, 1995 Improvements Equipment Fumkure Buildings other than and and Function and Activity Land Improvements Bulldlnas Vehicles Fixtures Total General Government: City manager $ - S - E $ 22,746 $ 619 E 23,365 Personnel - - - 9,182 2,214 11,396 City clerk - - - 82,167 9,098 91,265 Administrative services 4,457,015 23,021,606 312,308 8,709 27,799,638 Planning - - - 192,792 5,987 198,779 Building and safety - 127,514 4,266 131,780 General city facilities 2,396,152 18,908,879 - 1,139,597 103,158 22,547,786 Assessment administration 64,277 50.954 710 565.941 Total 6,853,167 41.994,762 2,387,260 134.761 51.369,950 Public Safety 399,782 7,790 407,572 Engineering and Public Works 454,402 855,967 2,841,926 7,960 4,160,255 Community Services 22,137,440 8.002,893 205.992 284.989 30.631,314 Community Redevelopment 10,199,463 20.265,355 55,711 4,638,657 2,924,316 38,083,502 Fire Protection 15,512 888,247 2,904,616 3.808,375 Total General Fixed Assets Allocated to Functions $ 39,659,984 $ 72,007,224 $ 55.711 $ 13,378,233 E 3,359,816 128,460,968 Construction In Progress 2,806,542 Total $ 131,267,510 90 CITY OF RANCHO CUCAMONGA Schedule 17 SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED JUNE 30, 1995 Restated Balance Balance Balance Function and Activity July 1,1994 Restatements July 1.1994 Additions Deletions June 30,1995 General Government: City manager $ 23,365 $ - $ 23,365 $ - $ - $ 23,365 Personnel 11,396 - 11,396 - - 11,396 City clerk 89,757 - 89,757 1,508 - 91,265 Administrative services 30,099,493 (2,312,987) 27,786,506 13,132 - 27,799,638 Planning _ 199,279 - 199,279 500 198,779 Building and safety 131,780 - 131,780 - - 131,780 General city facilities 19,868,202 2,312,987 22,201,189 346,597 - 22,547,786 Assessment administration 512,238 512,238 53,703 565,941 Total General Government 50,955,510 50,955,510 414,940 500 51,369,950 Public Safety 359,825 359,825 66,202 18,455 407,572 Engineering and Public Works 4,119,252 4,119,252 64,819 23,816 4,160,255 Community Services 30,626,250 30,626,250 5,813 749 30,631,314 Community Redevelopment 34,894,171 7,500 34,901,671 3,181,831 38,083,502 Fire Protection 3,595,931 3,595,931 212,444 3,808,375 Total General Fixed Assets Allocated to Functions 124,550,939 7,500 124,558,439 3,946,049 43,520 128,460,968 Construction In Progress 2,737,300 2,737,300 1,490,061 1,420,819 2,806,542 Total $127,288,239 $ 7,500 $127,295,739 $ 5,436,110 E 1,464,339 E 131,267,510 91 1 This page intentionally left blank. 1 1 STATISTICAL SECTION y i y r r n '-7 O z This page intentionally left blank. z 0 F U W a U ConF cnFd' 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 1985-86 3,994,845 4,140,150 15,071,893 1,831,248 3.038,650 31.898 28,108,684 1986-87 3,437,497 4,311,304 13,755,081 2,514,684 6.065,219 8,557.666 38,641,451 1987-88 5,496,299 6,855,023 3,988,871131 5,609,291 1,473,798 - 8.545,419 29,425.814 61,394,934 1988-89121 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 12.570,666 9,053,236 9,076,883 7,165,128 2,700,897 9,080,935 14,117,871 26,231,344 89,996,960 (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 years 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 92 EXHIBIT 2 CITY OF RANCHO CUCAMONGA GENERAL GOVERNMENT REVENUE BY SOURCE(1) Last Ten Fiscal Years Fiscal Taxes & Licenses & Inter- Charges for Use of Money Fines & Development Year Assessments Permits govermental Services and Property Forfeitures Fees Other Total 1985-86 12,326,906 3,833,519 3,891.343 2,372,990 3,735,938 147,743 7.085,930(31 485,614 33,879,983 1986-87 16,877,008 3,388,450 2,790,180 3,141,610 5,905,621 184,847 5.243,109 90.135 37,620,960 1987-88 21,503,933 2.548,542 5,336,914 3,656,466 5,845,097 256,861 9,245.745 4,210,878 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 56,687,566 1,613,580 12,648,932 2,123,670 6,853,797 415,196 2,805,661 3,478,201 86,626,603 (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. (3) Classified as Charges for Services prior to fiscal year 1985-86. Source: Annual Audit Report EXHIBIT 3 CITY OF RANCHO CUCAMONGA ASSESSED VALUATION OF ALL CITY PROPERTY Last Ten Fiscal Years Fiscal Secured Public Total Unsecured Full Cash Property Homeowners Business Net Taxable Year Property Utility Secured Property Total Value Exemptions Exemption Invent Exmpt Value 1985-86 1,853,061,958 212,438,710 2,065,500,668 103,129,894 2,168,630,562 2,168,630.562 11.199,039 88,979,788 - 2,068,451,735 1986-87 2,678,753,824 311,258,610 2,990,012,434 151,427,130 3,141,439,564 3,141,439,564 - (1) 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 - (1) 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 - (1) 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 - (I) 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 - ll) 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 - II) 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 - (I) 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 - (I) 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 - (I) 136,491,999 - 6,581,773.641 Note: Assessed valuation Is based on 100 percent of full market value. (1) New report format for the County of San Bernardino precludes this category. Source: County of San Bernardino Auditor-Controller - 94 EXHIBIT 4 CITY OF RANCHO CUCAMONGA PROPERTY TAX LEVIES AND COLLECTIONS Fiscal Total Tex Total Tax Percent of Levy Year Levy Collection Collected 1985-86 1,007,000 943,700 94 1986-87 1,106.392 1,148,006 103 1987-88 1,280,269 1,383,181 108 1988-89 1,333,498 1,399,699 105 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 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 95 EXHIBIT 5 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING PROPERTY TAX RATE Last Ten Fiscal Years Chino Basin City of Rancho Fiscal Schools County Cucamonga Metropolitan Municipal WD Cucamonga Total Year Tax Rate Tax Rate County W.D. Water Dist. Tax Rate Tax Rate Tax Rate 1985-86 0.0394 1.000 .0106 .0164 .0087 .0493 1.1244 1986-87 0.0361 1.000 .0111 .0148 .0071 .0493 1.1184 1987-88 0.0471 1.000 .0145 .0164 .0066 .0493 1.1339 1988-89 0.0407 1.000 .0141 .0110 .0046 .0493 1.1197 1989-90 0.0435 1.000 .0164 .0121 .0038 .0493 1.1251 1990-91 0.0566 1.000 .0156 .0097 .0033 .0493 1.1345 1991-92 0.0454 1.000 .0168 .0089 .0030 .0493 1.1234 1992-93 0.0352 1.000 .0168 .0089 .0028 .0403 1.1040 1993-94 0.0404 1.000 .0215 .0089 .0024 .0283 1.1015 1994-95 0.0340 1.000 .0219 .0089 .0024 .0389 1.1061 Assessed valuation of property is stated at 100% of market value. Source: County of San Bernardino Auditor-Controller 96 EXHIBIT 6 CITY OF RANCHO CUCAMONGA SPECIAL ASSESSMENT COLLECTIONS Ratios of Total Outstanding - Fiscal Current & Prior Assessments Collections to Current and Year Assessments Due Collected Amount Due Delinquent Assmts. 1985-86 [1] 2,796,594 2,770,682 99.07% 25,912 1986-87 3,393,052 3,393,052 100.000/0 - 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 99.100/0 53,283 (1) Formation of Special Assessment Districts Source: Finance Division, Resource Center 97 CITY OF RANCHO CUCAMONGA Special Assessment Collections Assmts Collected Assmis. 99,1 % Outstanding 09 G FISCAL 9FISCAL YEAR 1994/95 EXHIBIT 7 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING BONDED DEBT 1994-95 Assessed Val tion• $6,718.265,640 DIRECT AND OVERLAPPING BONDED DEBT: %Applicable Debt 6/30/95 San Bernardino Co. Building Authorities 7.645 % $47,492,651 Metropolitan Water District 0.558 3,498,130 Chino Basin Mun. Water Dist.Authority 18.609 96,767 Direct Debt 0.02% Chaffey Community College Dist Certs. of Participation 18.532 1,510,358 Chaffey Jt. Union H.S. Dist.-Certs of Participation 38.685 2,423,615 Total Gross Debt 3.90% Alta Loma School District 98.366 8,543,087 Total Net 3.90% Central School District &Certs. of Participation 97.307 24,492,172 Cucamonga School District&C.O.P. 74.416& 40.417 6,746,075 Cucamonga County Water District 89.430 487,394 SHARE OF AUTHORIZED AND I JNSQLD BONDS, Cucamonga County Water District, I.D. #1963-1 94.144 80,022 Metropolitan Water District -0- Cucamonga County Water District, I.D. #5 95.960 2,758,850 Alta Loma School District -0- Rancho Cucamonga Redevelopment Agency 113,775,000 Cucamonga School District -0- Edwanda School Dist. Community Facilities Dist. #1,#2,#3 100.000 17,870,000 Other School Dist. & Certs. of Participation Various 395,234 City of Rancho Cucamonga-Certs. of Participation 100.000 1,380.000 STATE SCHOOL BUILDING AID City of Rancho Cucamonga Cmnty. Fac. Dist. #84-1 100.000 21,650,000 REPAYABLE AS OF 6/30/95• $5,026.117 City of Rancho Cucamonga 1915 Act Bonds 100.000 8.740.000 TOTAL DIRECT& OVERLAPPING BONDED DEBT $261.939,355 Source: California Municipal Statistics, Inc. 99 EXHIBIT 8 CITY OF RANCHO CUCAMONGA Legal Debt Margin (General Obligation Bonds) June 30, 1995 Assessed valuation $6,718,265,640 Debt limit - 15%of assessed valuation $1,007,739,846 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 $1,007.739,846 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. 100 EXHIBIT 9 CITY OF RANCHO CUCAMONGA BUILDING PERMITS Number of Permits Issued 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 July 993 1,773 1,425 1,232 428 418 278 326 238 300 August 726 1,587 1,769 1,751 459 327 262 230 344 288 September 741 1,064 1,547 1,373 351 192 248 245 305 242 October 1,149 2,219 1,084 1,941 512 328 284 268 222 191 November 676 1,126 837 1,470 358 274 200 255 283 270 December 1,007 1,289 848 1,068 268 303 195 223 237 170 January 871 1,742 973 1,448 337 228 171 182 264 131 February 888 1,455 1,246 1,167 359 317 243 149 281 257 March 1,033 1,775 1,820 1,689 410 257 295 298 442 196 April 1,736 1,468 1,225 1,649 396 335 231 315 201 214 May 1,389 1,294 1,708 1,927 372 313 274 262 307 307 June 1,720 1,577 1,981 1,964 408 312 365 385 348 280 TOTAL 12,929 18,369 16,463 18,679 4,658 3,604 3,046 3,138 3,472 2,846 Source: Building and Safety Division 101 L CITY OF RANCHO CUCAMONGA Building Permits 1985-86 86-87 87-88 88-89 89-90 90-91 91 -92 92-93 93-94 1994-95 RccalYej• WNaOfPermi r- - .cd EXHIBIT 10 CITY OF RANCHO CUCAMONGA CONSTRUCTION ACTIVITY BUILDING PERMIT VALUATION 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 July 19,693,799 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 August 10.733,282 22.952,820 42,574.167 30,200,101 23,460.230 14,593.530 2.505.876 3,640,314 6,934,763 10,295,238 September 10.170,567 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 October 24.441,420 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 November 12,130.504 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 December 27,198.114 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 January 18,631,075 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 February 19,694,626 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 March 68,128,752 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 April 46,864.584 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 May 20,490,492 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 June 37,129.540 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 TOTAL 315,306.755 290,877,935 350,325,746 397.438,258 198,839,268 126,694,091 73,836,809 85,093,454 102,711,672 117,778,164 Source: Building and Safety Division CITY OF RANCHO CUCAMONGA Construction Activity Millions $500 5400 $300 S200 $700so 1985-86 86-87 87-88 88-89 89-90 90-91 91 -92 92-93 93-94 1994-9b Fiscal Year Ill Of Perm4s EXHIBIT 11 CITY OF RANCHO CUCAMONGA DEMOGRAPHIC STATISTICS Average Annual San Bernardino City Population City Population County as Percent Year Population (2) Percent Changes Population (2) of County 1986 73,842 12.8% 1,110,500 6.6% 1987 80,420 8.9% 1,167,175 6.9% 1988 94,614 17.7% 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 105,014 0.1% 1.471,300 7.1% 1992 110,466 5.2% 1,530,600 7.2% 1993 112,592 1.9% 1,556,251 7.2% 1994 115,010 2.15% 1,591,780 7.2% 1995 117,903 2.52% 1,618,158 7.3% Source: (1) U.S. Bureau of Census, California Department of Finance (2) City of Rancho Cucamonga, Planning Department rTDEMOGRAPHICSTATISTICS DEMOGRAPHIC STATISTICS yoCucamonga County Of San Bernardino 106 EXHIBIT 12 CITY OF RANCHO CUCAMONGA PRINCIPAL TAXPAYERS (1) June 30, 1995 TYPE OF BUSINESS Department Stores Light Industrial/Printers Heavy Industrial Service Stations Grocery Stores Liquor Fast Food Radio/Appliance Stores Contractors General Merchandise Specialty Stores (1) Based on sales tax revenues Source: State Board of Equalization Note: In a letter dated June 27, 1991, the State Board of Equalization asked that cities discontinue publishing lists of the top taxpayers in publications prepared for public distribution, as such a list may disclose information about competing retailers even though no dollar information is given. In an effort to comply with this request, the City of Rancho Cucamonga has amended this exhibit effective June 30, 1991, to reflect only the business classifications of its principal taxpayers. 107 EXHIBIT 13 CITY OF RANCHO CUCAMONGA PURCHASED INSURANCE POLICIES AS OF AUGUST 10, 1995 Coverage Maximum Coverage Company Remarks Auto Insurance $250,000 PARSAC One year policy - Expires 5/96 SFC 008585 $27,306 annual premium Boiler & Machinery Policy $9,500,000 Hartford Steam Boller One year policy - Expires 10/26/96 BMI-IA-9934845 $9,071 annual premium Crime Policy $100,000 Hartford Fire Insurance One year policy - Expires 7/24/96 Employee Surety PEBJZ9557 $2,058 annual premium Equipment Insurance $250,000 PARSAC One year policy - Expires 5/96 premium included in auto coverage Liability Insurance $5,000,000 PARSAC One year policy - Expires 7/1/96 $359,592 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 7/1/96 $91,604 annual premium Property Insurance $250,000 PARSAC One year policy - Expires 5/96 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 7/1/96 $249,485 annual premium Excess Workers' Comp $10,000,000 PARSAC One year policy - Expires 7/l/96 $80,890 annual premium Source: Risk Management Division 108 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 117,903 Number of Street Lights 8,907 Miles of Streets 446 Number of Signals 93 Fire Protection: Rancho Cucamonga Fire District Number of Stations 5 Number of Firefighters & Officers 60 Police Protection: Contracted with San Bernardino Co. Number of Stations 1 Number of Sworn Officers 81 Recreation and Culture: 20 with 236 acres Number of Parks Source: Community Development Department 109