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CITY OF RANCHO CUCAMONGA, CALIFORNIA
' Comprehensive
Annual Financial Report
' Fiscal Year Ended
June 30, 1994
1 Prepared by
' Finance Department
1
' Susan M. Stark
Finance Officer
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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 1
tFINANCIAL STATEMENTS
' The notes to the financial statements are an integral part
of the component unit financial statements
' Exhibit A - Combined Balance Sheet -All Fund Types and Account Groups 3
Exhibit B - Combined Statement of Revenues, Expenditures and Changes in
' Fund Balances - All Governmental Fund Types 4
Exhibit C - Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - Budget and Actual (Budgetary Basis) - All Governmental
Fund Types 6
Exhibit D - Statement of Revenues, Expenses and Changes in Retained Earnings
-Proprietary Fund Type - Internal Service Fund 12
' Exhibit E - Combined Statement of Cash Flows - Proprietary Fund Type 13
Enterprise and Internal Service Fund
City of Rancho Cucamonga r
Table of Contents ,
NOTES TO FINANCIAL STATEMENTS 14 '
SUPPLEMENTARY SCHEDULES
Schedule 1 - Balance Sheet - General Fund 55 '
Schedule 2 - Statement of Revenues, Expenditures and Changes in Fund Balances
- General Fund 56
Schedule 3 - Schedule of Revenues, Expenditures and Changes in Fund Balances
- Budget and Actual (Budgetary Basis) - General Fund 57
Schedule 4 - Combining Balance Sheet -All Special Revenue Funds 62
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
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
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INTRODUCTORY SECTION
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T H E C T Y O F
I Q A N C K O C U C A M 0 N G A
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1
November 30, 1994
1
The Honorable Mayor
1 and Members of the City Council
City of Rancho Cucamonga
Rancho Cucamonga, CA 91730
1
1 Councilmembers:
1 Submitted for your information and consideration is the Annual Financial Report for the year
ended June 30, 1994. This is a combined report of the City of Rancho Cucamonga, Rancho
Cucamonga Redevelopment Agency, Rancho Cucamonga Public Improvement Corporation and
1 the Rancho Cucamonga Fire Protection District.
The goal of the City of Rancho Cucamonga's financial staff is to strive for excellence in the
1 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
1 30, 1993. The Certificate of Achievement is the highest form of recognition for excellence in
state and local government financial reporting.
1 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.
1 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 six consecutive years (June 30,
1988 through June 30, 1993). We believe our current report continues to conform to the
1 Certificate of Achievement program requirements, and we are submitting it to GFOA.
1 Mayor Dennis L. Stout % Councilmember William J. Alexander
1
Mayor Pro-Tem Charles J. Bu uet II 'q - _ Councilmember Diane Williams
Jack Lam, AICP, City Manager Councilmember Rex Gutierrez
e
' 10500 Civic Center Drive P,O. Box 807 Rancho Cucamonga, CA 91729 (909)989-1851 FAX(909)987-6499
1
I. BACKGROUND INFORMATION '
GENERAL INFORMATION '
The City of Rancho Cucamonga currently has an estimated population of 115,010 and '
encompasses approximately 36.5 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.
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), library 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.
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1
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.
1
FINANCIAL STATEMENT FORMAT
' In accordance with the above mentioned guidelines, the report is divided into the following three
sections:
1. INTRODUCTORY SECTION: Contains the principal officers, City
organization chart, and the letter of transmittal.
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2. FINANCIAL SECTION: Contains the auditor's opinion, combined financial ,
statement, and combining financial statements by fund type and individual funds. ,
3. STATISTICAL SECTION: Contains relevant financial and non-financial data
presenting historical trends and other information about the City. '
NOTES TO THE FINANCIAL STATEMENTS '
The Notes to the Financial Statements, which are part of the General Purpose Financial
Statements within the Financial Section, are an integral part of the financial report and are '
essential to the fair presentation and adequate disclosure of the financial position of the City,
Redevelopment Agency, Corporation, and Fire District. The notes should be read along with the '
financial statements to gain a fuller understanding of the information contained within this
report. Your attention is specifically directed to the presentation of the City's significant
accounting policies. ,
RESPONSIBILITY '
The responsibility for the accuracy of the data presented, the completeness and fairness of its
presentation, including all disclosures, rests with the City. The data, as reported, is believed to ,
be accurate in all material respects; and was designed in a manner to present fairly the financial
position of the City, Redevelopment Agency, Corporation, and Fire District at June 30, 1994, and
the results of its operations and changes in financial position. All disclosures necessary for the ,
reader to gain a maximum understanding of the City's financial affairs have been included.
FUND DESCRIPTIONS
Definitions of the various funds and account groups of the reporting entity are included as ,
supplementary information within the various division 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
various funds and account groups. Governmental fund types and agency funds are maintained on
the modified accrual basis. Proprietary fund types are maintained on the accrual basis. '
A system of internal accounting controls has been developed and regularly reviewed by the '
independent certified public accountants who audit the accounting records of the City. This
system has been designed to provide reasonable, but not absolutely guaranteed, assurance that:
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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.
All reviews of any changes in the system of internal accounting controls occur according to the
above criteria. We believe that the system of internal accounting controls is reasonably adequate
for the protection of assets and the proper recording of financial transactions.
The budgetary policy of the City, briefly stated, is to: prepare budgets for all funds of the City to
the extent practicable; only adopt budgets that are balanced in terms of resources versus
expenditure appropriations; only adopt budgets that do not exceed State constitutional limits;
adopt budgets prior to the beginning of the fiscal year in which they take effect; exercise
budgeting control at the fund level; permit adjustment during the year by the City Council and
transfers within the total authorized appropriation by the City manager; adopt budgets by minute
resolution and not by City ordinance; and to utilize appropriation encumbrances as a
management control technique for the budgetary control of expenditures.
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Il. HIGHLIGHTS OF FISCAL YEAR 1993/94
REDEVELOPMENT AGENCY
' A. Economic Development/Marketing
' Economic development efforts were intensified this year with several notable accomplishments.
These include negotiations with Mission Foods resulting in the world's largest tortilla
manufacturing facility locating in Rancho Cucamonga, as well as an agreement to assist with
Supracote's expansion. Additionally, a partial reuse of the Regina Winery will create a retail
outlet and historic tourist attraction. The Agency also established a popular program which
assists incoming and "upgrading" companies with their mandatory UL requirements.
' B. Affordable Housing
' Work with the Northtown Housing Development Corporation remained in the forefront of the
Agency's activities. "Villa del Norte" (88 rental town homes) moved closer to reality with the
designation of a developer-partner and property management company. Several parcels of land
' in the area were also purchased to begin the "in-fill" portion of Northtown Housing Development
Corporation's program.
The Agency also contracted with Southern California Housing Corporation to provide a
percentage of affordable units in existing rental complexes throughout the City.
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ENGINEERING
Significant capital projects for fiscal year 1993/94 included a major local street rehabilitation ,
project. This project resurfaced nearly 70 lane miles of local streets primarily in the west end of
the City. ,
Construction of the Metrolink Station commenced in 1993/94, along with the improvement of
Milliken Avenue between Arrow Route and Foothill Boulevard. This latter project will link the '
residential areas north of Foothill Boulevard to the industrial area and the Interstate 10 Freeway
via Milliken Avenue.
Rochester Avenue between Highland Avenue and Banyan Street was completed during the year. '
This provided a second access to the Caryn development north of Highland Avenue between '
Milliken Avenue and Rochester Avenue.
Traffic signals at 19th Street& Beryl Avenue and 19th Street & Hellman Avenue were installed '
in conjunction with the street improvement project on 19th Street between Amethyst Avenue and
Carnelian Street. The traffic signal at Foothill Boulevard and Haven Avenue was upgraded as
part of the street widening project on Haven Avenue between Civic Center Drive and Foothill '
Boulevard.
During the 1993/94 fiscal year, a parking lot annex was constructed on the east side of Rochester
Avenue across from the Sports Complex. This lot will accommodate increased stadium
attendance for ball games and special events. Projects funded through Community Development
Block Grants reconstructed streets in the southwest portion of the City. Landscaping along '
Rochester Boulevard was installed and funded through an Environmental Enhancement Grant.
PLANNING
A. Current Planning '
During the 1993/94 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 833 applications of all types, ranging from Home Occupation Permits ,
to Tentative Tract Maps.
Major development projects which were processed included the Town Center Square, General ,
Dynamics Subarea 18 Specific Plan, Mission Foods, BHP Steel, and Villa del Norte affordable
housing project. ,
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' The continued strength of commercial construction also required significant attention during
' 1993/94. Major projects that went through plan check and/or were under construction included
Foothill Market Place (Circuit City, Sports Chalet, Food 4 Less, Petsmart), Mission Foods and
BHP Steel.
The Current Planning section was involved with four special projects directed by the City
Council or Planning Commission. The first special project involved assisting a consultant study
' the security needs within shopping centers. This study resulted in a Commercial Security Plan
being developed. The second special project was an assignment to streamline the planning
review process. A major update of the City's procedures and allowable uses was accomplished
via a package of code amendments. The third special project involved the establishment of a
task force composed of Chamber of Commerce Members, Planning Commissioners, and staff
that began an extensive review of sign regulations (monument and temporary signs) for shopping
centers. The last special project was the successful completion of a Joint Powers Agreement for
the Route 30 Corridor between the cities of LaVene and San Bernardino, and the establishment
' of a Route 30 Technical Committee to analyze the design features of the corridor.
B. Advance Planning
Four new County and seven new governmental referrals were received and reviewed. Only two
of the County and three of the governmental referrals required responses. The two County
referrals included a proposal to construct a major debris basin at Summit and Etiwanda Creek;
and the County Etiwanda North Open Space & Habitat Preservation program comprising an area
of 7,243 acres. The three governmental referrals included improvements by two water agencies
and an amendment of the Upland Redevelopment Project Area Boundary.
Rehabilitation and sale of the Ledig House was completed this fiscal year marking the first time
the City solely conducted a historic rehabilitation project and returned a valuable community
resource to private ownership.
Historic preservation accomplishments included the Landmark Designation of the following four
historic buildings: Emory Allen House, Hoppe House, J.Klusman House, and the Ernst Mueller
' House. During this period, five Landmark Alteration Permits were processed and two Mills Act
contracts were entered into by landmark property owners to reduce property taxes and secure
on-going maintenance.
C. Community Development Block Grant Administration
' This year saw the completion of several capital improvement projects, including design work for
three street improvement projects in the southwest Cucamonga target areas as well as
construction of improvements on the 9th Street water line, Calaveras from 9th Street to Chaffey,
Vinmar Avenue, and Sierra Madre Avenue. Other work has included sidewalk repair and
replacement throughout the target areas resulting in a total of 3,960 square feet of sidewalk
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replacement. 2,880 square feet of curbing was replaced city wide to accommodate handicapped '
persons. City crews removed approximately 15,000 square feet of graffiti in the target area. '
Other improvements included replacement of the roof, repainting the exterior, 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 360 households and 17 landlords. Public services were '
also provided to assist approximately 240 homeless or near homeless individuals.
The Home Improvement Program completed 2loans, 16 grants, and 15 emergency grants with '
funds obligated to one additional grant.
The 1994/95 Comprehensive Housing Affordability Strategy (CHAS) Annual Plan and the ,
1993/94 Annual Performance Report were both completed during the 1993/94 fiscal year.
D. Code Enforcement '
Internal program modifications have been a key element in improving services and stretching '
staff resources in the Code Enforcement division this year. Recognizing the importance of
prompt graffiti removal, Code Enforcement and Public Works developed a streamlined process
for receiving service requests and routing them to the appropriate department for handling. This ,
has provided the public with easier access, reduced duplication of services, and shortened the
time required to remove graffiti. The use of the Nuisance Abatement process in lieu of the
Courts has returned as the primary tool for obtaining compliance in difficult cases. Finally, a '
Case File Inventory System is under development to improve tracking and reporting of case
handling activities. When completed,this system will ensure timely processing of cases and
provide a means to effectively monitor work program objectives. '
BUILDING AND SAFETY ,
Construction activity increased in the second half of fiscal year 1993/94. By year's end, total ,
building valuation exceeded one hundred million dollars for the first time in four years.
Continued modest increase in building activity is expected in fiscal year 1994/95.
The Building and Safety Division and Fire Safety Division has completed the process to bring 1
the plan review and inspection activities of new construction for uniform fire code compliance
into Building and Safety. This is an effort to maximize staffing resources and provide more ,
efficient service to the public. The actual relocation of services will occur during the first quarter
of fiscal year 1994/95. The Building and Safety Division and Fire Safety Division will continue '
to work closely together in this effort.
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E. Senior Programs /Activities
' The Senior Advisory Committee consist of fifteen 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 most recently are involved in the planning and development of senior
tournaments that will take place in 1995.
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 dances are held on the first and third Tuesday with the Pomona First Federal Bank
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 low impact
senior exercise class, a joint efforts class for seniors who have arthritis, and a country and
' western line dance.
Other activities for senior citizens include billiards, birthday celebrations, bingo, canasta,
' pinochle, bridge, bowling leagues, arts and crafts, oil painting, and a driver re-training class. 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 1993/94, over 50,000 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 and adults at the Neighborhood Center on a monthly basis. Omnitrans bus
passes and identification cards were also sold at the Center. Nutrition meals, health screenings,
legal aid, blood pressure screenings, home visit and phone calls, insurance counseling, and peer
counseling for seniors are all offered as part of our Human Service Program.
' Annual events included 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
500 volunteers who assist the City in the delivery of its programs, activities, and services.
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Surplus food commodities are distributed to needy residents of Rancho Cucamong on a monthly '
basis with nearly 600 households participating each month. This program is provided through a '
cooperative effort between the Federal, State, County, and local governments.
F. 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.
POLICE DEPARTMENT '
A. Asset Seizure '
During the past year, narcotic cases in the City have resulted in a significant amount of seizure
money being made available for law enforcement purposes. By utilizing this money, we have '
made several purchases that will aid us in accomplishing our goals. These purchases include:
1) Crime Analysis Computer System ,
2) Cassette Duplicators
3) Video Camera System for Recording Interview
4) Camera Equipment for use at Crime and Accident Scenes '
B. Solution Oriented Policing / Gang Unit ,
Last year five patrol officers and one sergeant were approved for the purpose of establishing a ,
unit to specifically address gang related activities. The unit became fully operational during the
year and has utilized the Solution Oriented Policing concept to address gang issues. Efforts have
primarily been concentrated at the three local high schools (through education and awareness), as '
well as on apartment complexes that have met a profile of deterioration due to either gang or
drug activity.
C. Bicycle Enforcement Team '
The Bicycle Enforcement Team operation has moved into its second year. During the past year ,
the team received the six new bicycles that were purchased and, through the use of asset seizure
funds, a one ton van was purchased and placed into operation The van is utilized to transport
equipment and personnel to and from various locations throughout the City, thus reducing travel '
time and allowing more time for patrol.
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COMMUNITY SERVICES
' The Community Services Department continued to devote its energy during fiscal year 1993/94
to the provision of quality cultural recreational and senior/human services. Demand for
' community services to address the needs of the residents and their families remained high.
Following are some of the major activities accomplished during the year:
' A. Youth Programs and Activities
The very popular Playschool program 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.
' The contract classes program continued to be successful offering more than 1,000 classes to more
than 10,000 individuals during 1993/94.
' Annual events continuing to gamer the enthusiasm and participation of the community included:
The first annual Bunny Trail Breakfast was offered this year and saw more than
100 children and parents celebrate Springtime with the Bunny! Breakfast was
provided as a community service project by the Rancho Grande Kiwanis Club.
This event is sure to become as popular as the Breakfast with Santa.
The Egg Hunt, held at three sites with over 4,000 participants, had one site
located at the new Rancho Cucamonga Adult Sports Complex for the first time
and had a tremendous response from the public.
Other activities included: a nine week Summer Day camp; the ever popular Breakfast with
Santa; three productions at the Rancho Cucamonga Performance Theater; the Kid Explorers
' Programs, and the "Just For Kids Workshops" such as the babysitters' workshop were offered
free of charge to the youth of our community.
B. Family Program /Activities
Family oriented programs and activities also offered during fiscal year 1993/94 included:
The 4th of July celebration at Red Hill Community Park where over 6,000
' residents enjoyed a fun filled day in the park.
Concerts in the Park was its 9th annual season with six concerts offering a variety
of music where nearly 5,000 residents enjoyed evenings of music under the stars.
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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 4,000 community members.
Over 15,000 residents celebrated our City's 16th anniversary of cityhood by ,
attending our Founders Day Parade and Celebration held on the second Saturday
of November with a theme of"An Old Fashioned Celebration".
Movies in the Park provided nearly 4,000 residents with six weeks of family
movies on Tuesdays and Fridays. This year saw theme contests offered to
enhance the program. '
C. Teen Programs and Activities '
Thanks to the active participation of our young adults in our Teen Recreation Activity Club '
(TRAC), many programs and activities were supported through their volunteer efforts.
Teen Snack Bars operated at various community and special events throughout ,
the year helping to raise funds for teen activities.
Night On The Town is a teen operated babysitting service through which 50 youth '
volunteered their services bi-monthly to help parents get a little "R& R" while at
the same time providing entertaining and enriching activities for youngsters.
Fiscal year 1993/94 provided trips to a variety of fun and exciting places such as Knott's Scary '
Farm, Disneyland, the beach, skiing, and the Mighty Ducks hockey game. Nineteen different '
trips were offered throughout the year with nearly 500 teens participating.
D. Sports '
The City began its first Women's Soccer program with sixteen teams (256 players) per season. A '
"Women's Open" division(29 years and under) and a "Thirty and Over" division were offered
with the games being played at the Adult Sports Complex soccer fields. The Women's Adult
Softball leagues expanded to two leagues for the first time in our city's history. The City also '
began its first Men's Flag Football league with six teams participating.
Summer swim lessons attracted over 3,000 registrations with private lessons totaling over 200 ,
participants. Over 6,000 children participated in the recreational swim programs.
Pee Wee Soccer, in its third year, saw over 260 three to five year olds register for this '
introductory program to the sport of soccer. Pee Wee Baseball attracted 750 three to five year
olds to the basic fundamentals of baseball. '
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D. Crime Analysis
' The purchase of the crime analysis computer equipment has allowed our analyst on a daily basis,
to provide information to our patrol officers and detectives as to crime trends throughout the
' City, are also currently working on an automated information system which will provide crime
prevention tips to citizens, as well as criminal statistic information pertinent to the City.
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 1993/94, 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.
tDEBT ADMINISTRATION
The City of Rancho Cucamonga, as a general law city, is restricted from incurring general
obligation bonded indebtedness which would exceed 3.75% of the total assessed valuation of all
real and personal property. The City of Rancho Cucamonga does not have any general
' obligation debt; however, the City and its component units do have various bond and certificates
of participation issues. Note 11 of the Notes to the Financial Statements of this report presents
more detailed information about these issues.
' On February 1, 1994 the Rancho Cucamonga Redevelopment 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. Net proceeds
amounts to $62,171,485 and 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 thirty years by $6,252,790
and created an economic gain of$2,505,322.
' xiii
RISK MANAGEMENT
During fiscal year 1993/94, the City of Rancho Cucamonga continued its commitment to risk '
management programs for safety, general liability, and workers' compensation. Aggressive
claims handling and a strong litigation stand have assisted in maintaining an appropriate reserve '
for current and future claims payments. In addition, various risk control techniques, including
employee accident prevention training, loss control techniques, loss control through safety
programs, and employee hazardous identification programs, have been implemented to minimize ,
accident-related losses and exposure by the public.
The City of Rancho Cucamonga is self-funded for the first one hundred thousand dollars of loss '
for general liability claims and purchases coverage from one hundred thousand to ten million
dollars of loss. The City of Rancho Cucamonga utilizes a self-funded workers' compensation '
program. There will be an on-going commitment to risk management programs to ensure the
safety of the public and city employees, and to reduce the financial exposures from catastrophic
losses within the City's boundaries. '
III. PROSPECTS FOR THE FUTURE '
Significant revenue and expenditure requirements continue to affect Rancho Cucamonga's
financial process. The effect of the recession on City revenues, actions by the State and Federal '
Governments regarding revenue take-aways and mandates, as well as inflation continue to be
addressed. The greatest changes affecting services are essentially beyond the control of the City:
State and Federal mandates, regulatory requirements, continued reductions in resources, and new '
costs imposed by other governmental agencies. The fiscal year 1994/95 General Fund budget
still remains depressed at levels well below the operating budget of fiscal year 1990/91.
In meeting these challenges, the City has undergone a transformation . The organization has ,
streamlined and downsized as well as reorganized functions to adapt to the new fiscal realities. '
Staffing reductions have resulted in over four million dollars of annual cost savings. New
revenues were put into place in order to replace other portions of the traditional local tax bases
lost to State revenue take-aways. ,
The 1994/95 General Fund budget (with the exception of the transfer of library services)
proposed no expansion of existing programs, but every effort was made to maintain existing '
programs. However, in order to financially accommodate even those operational levels, five
additional staff positions were cut via attrition. This raised the level of cutbacks since fiscal year
1990/91 to seventy-seven employees or 24% of our former work force. The staffing level in '
Rancho Cucamonga in relationship to the level of services provided is more than lean. The new
Library staff and expanded Police staff are only made possible through library tax transfers from
the County to the City and the utility users' tax implemented during 1993/94 in part for public ,
safety services.
xiv '
' Fiscal Year 1994/95 will see the full implementation of City library services made possible
1 through the transfer of County library tax revenues to the City for library purposes. Through a
series of agreements approved by the San Bernardino County Board of Supervisors, the City will
officially take over services beginning July 1, 1994. However, the County will continue to
' operate the County Branch Library until September 1994 at which time the new interim library
facility is expected to be completed. The new interim facility will be double the size of the
current County Branch Library and will have a collection size 40% greater than the current
collection. It should serve as an excellent foundation and stepping stone for the future of the
City's library system.
Since 1985 the City has planned to improve Animal Control Services within the community.
Bonds were sold in fiscal year 1989/90 to construct a new shelter which was completed in June
1993. However, recession and the State budget crisis has sidetracked this operation since the
loss of tax base has left no revenue to fund this enhanced service. It is estimated that
approximately $750,000 annually would be necessary to fund this service. Alternatives for use
' of the shelter are being studied now while the County continues to provide minimal animal
control services under contract.
Redevelopment "reform" legislation(AB-1290), adopted by the State in fiscal year 1993/94,
restricts the Rancho Cucamonga Redevelopment Agency's ability to pursue commercial and sales
tax generating projects. The Agency will, however, continue to work within these new
' limitations on its overall goal of improving the economic conditions of the City. During this
upcoming year,the focus will be to develop a revised economic development strategy in view of
theses new limitations,to assess the City's strengths and identify programs to assist in the
' attraction and retention of business.
Revenues for the Rancho Cucamonga Fire Protection District remain flat; however, the 1994/95
fiscal year incorporates a number of actions to reorganize the department for more long term cost
effective operations. The elimination of a Deputy Chief position and realignment of work duties
' and schedules of other positions will result in both immediate and long term savings as well as
establish better service to the public. Changes in plan checking and inspection will also result in
eliminating duplication of efforts and improve efficiency for both these services.
Implementation of plans to civilianize certain positions,just as the Police Department has done
in the past, will also result in greater long term cost effectiveness while maintaining levels of
service. The Fire District has also set aside a reserve of$553,000 for any potential payments
' that could be required for settlement of the labor arbitration case between the District and the
Fire Union. The disposition of this labor arbitration case, should it go against the District, would
also require restructuring of the Fire District budget to accommodate a potentially ongoing
annual cost estimated at $300,000.
t During 1993/94 and continuing into 1994/95 is the effort to renovate and improve the existing
community centers. The Neighborhood Center and Lions Community Center are heavily used
xv
1
i �
by the community and are "shop worn" and in need of refurbishing. A major renovation of the '
Neighborhood Center was completed during 1993/94 and planning will be done for a renovation
of Lions Community Center that will straddle fiscal years 1994/95 and 1995/96. Meanwhile,
planning for the renovation of the old County Branch Library building for youth and family
oriented programs such as Playschool and other recreation classes will also begin during fiscal '
year 1994/95.
The City's General Fund revenues overall appear to have leveled off after four years of a
downward spiral. However, property taxes are anticipated to continue declining as the County
proceeds with reassessing the value of property to bring those values more in line with current
market. Franchise fees are holding steady and sales tax revenues continue to move steadily
upward. The utility users' tax was adopted in April and effective in July 1993 to replace the
cumulative and anticipated loss of tax base as a result of State budget actions and to shore up
public safety services. It is still estimated to generate almost six million dollars of revenue with
the first full year of collections in fiscal year 1994/95.
Although current thinking is that the recession has hit bottom and even though our current ,
budgets are balanced with existing revenues, uncertainties remain. Especially when anticipating
potential domino effects we could experience when next the State attempts to balance its budget.
The best effort has been made to maintain services taking into consideration all the relevant
financial, economic, State, and other factors known at this time. The City continues to strive for
excellence and will continue to meet the challenges of the future by providing the best services ,
possible within the constraints of limited resources.
IV. FINANCIAL STATEMENT ANALYSIS i
The fiscal operations of the City are primarily accounted for in the Governmental Funds which 1
include the General, Special Revenue, Debt Service, and Capital Project funds.
REVENUE ANALYSIS
The total fund equity (aggregate fund balances) in these funds of$155 million reflects an
increase of$8 million over the previous fiscal year. Total financing sources available to the
funds during the year amounted to approximately $101.4 million. Of this amount, $83 million ,
was from governmental fund type resources, $70.1 million was from debt proceeds, and $15.8
million was from operating interfund transfers.
The increase in debt proceeds is largely due to the Rancho Cucamonga Redevelopment Agency's
bond issuance resulting in approximately $64.5 million of bond proceeds. This transaction is i
also reflected in the bond defeasance cost of$62.2 million, as explained earlier in this report.
xvi
The $8.3 million increase in tax revenue is primarily due to the first year of collections for the
City's utility user's tax which totaled almost five million dollars. Another almost one million
dollar increase over the prior year was due to additional sales tax revenues received during the
1993/94 fiscal year.
Development fees saw a $1.6 million increase over the prior year as slowly but surely
development begins a slight come back in Rancho Cucamonga.
■ Decreases occurring in fiscal year 1993/94 are reflected in Intergovernmental (down by $1.4
million)primarily due to the previous year's increase in one time grant funds such as the
' approximately one-half million dollars from Federal Aid Urban funds. The two million dollar
decrease in Use of Money & Property continues to reflect the dwindling interest rates available
for investments.
The following is a recap of the 1993/94 fiscal year general governmental fund type revenues by
major source. Also presented is the percentage each source represents of total revenues, and the
increase or(decrease) over the prior year:
' REVENUE BY SOURCE
(amounts in thousands)
Increase /
Revenue and Other 1993/94 Percent (Decrease)
Financing Sources Revenue Of Total From '92/93
Taxes $ 56,652 55.8 % $ 8,267
Licenses & Permits 1,586 1.6 130
Fines & Forfeits 384 0.4 ( 7)
Use of Property & Money 4,884 4.8 ( 2,015)
Intergovernmental 9,629 9.5 ( 1,412)
Charges for Services 2,068 2.0 ( 8)
Development Fees 3,618 3.6 1,601
Other 4,177 4.1 3.258)
Total Operating Revenues: $ 82,998 $ 3,298
Sale Of Fixed Assets 0 0 ( 1,189)
Gain On Sale Of Land 141 0.1 141
Bond Defeasance Costs (62, 171) ( 61.3) ( 59,118)
Debt Proceeds 70,125 69.2 60,816
Operating Transfers In 15,772 15.6 ( 9,575)
Miscellaneous ( 5.463) 5.4 611)
' TOTAL FINANCE SOURCES: $101,402 100.0 % ( $ 6,238)
xvii
EXPENDITURE ANALYSIS ,
During the 1993/94 fiscal year, expenditures and interfund transfers amounted to approximately
$94 million which reflects a decrease of$14.8 million when compared to the previous fiscal
year.
General Administration expenditures increased over the prior year by almost $1.2 million. The
majority of this increase is reflected in the $2.3 million increase in the Redevelopment Agency
offset overall by the Capital Projects funds $1.5 million decrease in administration costs. These
fluctuations were caused mainly by the agency's bond activity and a reduction in capital projects
when compared to the prior year's activity.
The Public Safety (Police) department saw an increase in operating costs of approximately
$721,000 due to an enhancement of service levels consisting of eleven new employees during
1993/94. The added work force consisted of three sworn officers to target gangs, graffiti and
drugs; two sworn officers targeting crimes against persons, auto theft and robbery; one sergeant
to provide supervision and field support for these teams; two community service officers to
provide crime prevention education and assistance to citizens and businesses; one crime analyst
to gather and analyze crime data to accomplish more effective allocation of resources; and two '
support personnel.
A reduction of almost nine million dollars in Capital Outlay when compared to the prior year's
expenditures is reflective of the completion of several major projects undertaken in 1992/93 by
the Redevelopment Agency (i.e. the Sports Complex).
EXPENDITURES BY FUNCTION '
(amount in thousands)
Increase
1994/95 Percent (Decrease)
Expenditures of Total from '92/93
General Administration $ 14,115 15.0 % $ 1,170
Public Safety 8,336 8.9 721
Public Safety - Fire 8,310 8.8 471
Engineering & Public Works 8,091 8.6 302
Community Development 6,492 6.9 332
Community Services 1,763 1.9 61
Capital Outlay 15,216 16.2 ( 8,973)
Debt Service 15.874 16.9 670
Total Government Expenditures: $ 78,197 $ ( 5,246) I
Operating Transfers Out 15.772 16.8 9,575)
TOTAL EXPENDITURES: $ 93,969 100.0 % $ ( 14,821)
------ -----
xviii
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 department within the City. The following represents activity during the current
(1993/94) and previous (1992/93) fiscal years:
1993/94 1992/93
(amounts in thousands)
' Operating Revenues $ 462 $ 496
Non-Operating Revenues 120 139
$ 582 $ 635
LESS: Operating Expenses ( 116) ( 1331
' NET INCOME (LOSS): $ 466 $ 502
' The Internal Service Fund (Capital Replacement/Fleet Maintenance) increased its retained
earnings by $465,680. 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
1 equipment costs.
B. Enterprise Fund
Fiscal year 1993/94 represented the first full year of operations of the Enterprise Fund
established for the Rancho Cucamonga Adult Sports Park. 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. Fiscal year 1992/93 being
only a partial year of operations, the following represents activity only during the current and
first full fiscal year(1993/94):
1993/94
(amounts in thousands)
Operating Revenues $ 450
' Non-Operating Revenues 627
$ 1,077
' LESS: Operating Expenses 1Al)
NET INCOME (LOSS): $( 4)
' The Enterprise Fund had a net loss of$4,126 during the 1993/94 fiscal year which was covered
by the prior year's retained earnings.
xix
1
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, 1994,
the general fixed assets of the City amounted to $127,288,239. This amount represents the
original cost of the assets, net of additions and deductions from July 1, 1993 to June 30, 1994 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.
VIL ACKNOWLEDGEMENTS
The cover photograph on this 1993/94 CAFR, taken by David A. Gautreau of The Control ,
Room, presents the breathtaking northerly view from Rancho Cucamonga's Red Hill Community
Park.
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 and Administrative Services
Departments. 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.
Jack Lam, AICP ,
City Manager
Susan M. Stark '
Finance Officer
sms:diskette:wpkafMintro xx �-
CITY OF RANCHO CUCAMONGA, CALIFORNIA
CITY OFFICIALS
JUNE 30, 1994
' CITY COUNCIL
Name Term Expires
' Dennis L. Stout Mayor 1994
Charles J. Buquet II Mayor Pro Tem 1994
' William J. Alexander Councilmember 1996
' Rex Gutierrez Councilmember 1996
Diane Williams Councilmember 1994
ADMINISTRATION AND DEPARTMENT HEADS
' City Manager and Executive Director of the
Rancho Cucamonga Redevelopment Agency Jack Lam
Deputy City Manager Jerry Fulwood
City and Redevelopment Agency Attorney James L. Markman
Treasurer(term expires 1996) James Frost
' City Clerk (term expires 1996) Debra Adams
' Redevelopment Agency Manager Linda Daniels
Administrative Services Director Robert Dominguez
Finance Officer Susan Stark
' Community Development Director Rick Gomez
City Planner Brad Buller
Building Official Bill Makshanoff
' City Engineer Joe O'Neil
Community Service Manager Suzanne Ota
Library Manager Debra Clark
' xxi
The Rancho Cucamonga Team
CITY COUNCIL
(RDA BOARD) ——— CITY CLERK ___ CITY TREASURER
(FIRE BOARD)
BOARD OF LBRARY PLANNING/
PARK&RECREATION
1_______________ COMMISSION TRUSTEES IBST.PRESERVATION --------------
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ABOUT RANCHO CUCAMONGA
Rancho Cucamonga is situated in the southwest corner of San Bernardino County, 37 miles east of downtown Los Angeles and
15 miles west of downtown San Bernardino. The San Gabriel Mountains rise majestically to the north and the communities of
Upland, Ontario, and Fontana surround the City on the west, south and east respectively. In a region known as the West
Valley, Rancho Cucamongas is strategically located at the hub on an extensive transportation network and within short
communte distances of major employment centers in southern California. The city encompasses the 36.5 square miles which
originally made up the communitites of Cucamonga, Alta Loma and Etiwands, becoming the incorporated City of Rancho
Cucamonga in 1977.
r
i
1
Certificate of
Achievement
for Excellence i
in Financial r
Reporting
1
Presented to
City of Rancho 1
Cucamonga,
California 1
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1993 '
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to r
government units and public employee retirement
systems whose comprehensive annual financial
reports(CAFRs)achieve the highest '
standards in government accounting
and financial reporting.
,P OFFT r
KrtG STATON
uu
rn President
u�uw
toneow,rox r
Executive Director
xxiv '
California Society of
c7/1,unici al finance Officers
Certificate of Award
Outstanding Financiaf Reporting 1992-93
Presented to
City of Rancho Cucamonga
This certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect a high level of
quality in the annual financial statements and in the underlying accounting system from which the reports were prepared
February 28, 1994
_ Chev, wfessional&Technical Standards Committee
1
President
Dedicated to Excellence in Municipal financial Management
1
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FINANCIAL SECTION
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Brando
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X2.00 S.Greenleaf Ave. Donald
L.
P rkerows
ce SUite 280 Donaltl L.Parker
I & Michael K Chu
Whittier, California 90602 David e.Hale
' ML;
ghard (310)698-6727 •m
(714)447-6727 Consultants
CERTIFIED PUBLIC ACCOUNTANTS Fax(310)693-1599 Robert C.Lance
Fred J.Lunghard,Jr.
City Council
City of Rancho Cucamonga
Rancho Cucamonga, CA 91730
INDEPENDENT AUDITORS' REPORT
We have audited the general purpose financial statements of the City of
Rancho Cucamonga, as of and for the year ended June 30, 1994 as listed in the
accompanying table of contents. These general purpose financial statements are the
responsibility of the City's management. Our responsibility is to express an opinion on
these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the general purpose financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the general purpose financial statements.
An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall general purpose
financial statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the general purpose financial statements referred to above
present fairly, in all material respects, the financial position of the City of Rancho
Cucamonga, at June 30, 1994, 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
Lance
8011 &
Lan \ghar
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.
August 24, 1994
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CITY OF RANCHO CUCAMONGA Exhibit A
COMBINED BALANCE SHEET-ALL FUND TYPES
AND ACCOUNT GROUPS
JUNE 30,1994
PROPRIETARY FIDUCIARY ACCOUNT GROUPS
GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE General General TOTALS
Special Debt CapitaInternal Fixed Long-Term (Memorandum Only)
ASSETS AND OTHER DEBITS General Revenue Service Projects Enterprise Service Agency Assets Debt 1994 1993
Cash and investments (Note 3) $12,385,675 $24,000,267 $14,544,056 $ 66,687,271 $ - $3,398,087 $11,533,438 $ - $ - $132,548,794 $124,974,013
Cash and investments with trustee (Note 3) - - 7,023,164 - - - - - - 7,023,164 6,548,792
Restricted cash(Note 3) - - - - - 6,636,844 - - 6,636,844 6,890,428
Investment-land held for resale(Note 1) - - - 10,778,871 - - - - - 10,778,871 10,924,968
8 -
Receivables(net of uncollectibles): 1,092,105 1,829,78 9,495,278 53,564 - 121,308 - - 12,592,043 3,835,963
Due from other funds(Note 13) 5,024,262 1,094,023 97,859 322,755 505,091 15,000 49,016 - - 7,108,006 9,718,945
Deposits(Note S) - 635,000 25,000 1,898,330 - - - - - 2,558,330 1,790,852
Advances to other funds (Notes 6 and 13) 12,123,450 - - 4,290,000 - - - - - 16,413,450 19,239,196
Fixed assets-net book value
(Notes 7 and 8) - - - - - 173,389 - 127,288,239 - 127,461,628 125,640,882
Amount available in debt service funds - - - - - - - - 21,105,875 21,105,875 22,734,611
Amount to be provided for retirement of
general long-term debt 121,093,917 121,093,917 113,077,821
Total Assets and Other Debits $30,972,286 $27,559,078 $21,694,694 $ 93,472,505 $558,655 $3,586,476 $18,340,606 $127,288,239 $142,199,792 $465,672,331 $445,376,471
LIABILITIES, FUND EQUITY AND OTHER CREDITS
Liabilities:
Accounts payable $ 456,020 $ 1,790,469 $ 49,661 $ 1,025,329 $ 47,574 $ - $ 138,060 $ - $ - $ 3,507,113 $ 2,062,192
Accrued payroll payable 180,454 58,619 - 6 12,862 - 3,580 - - 255,521 473,756
Accrued employee benefits (Note 11) 925,637 476,164 - - - - - - 1,246,886 2,648,687 2,348,395
Deposits - - - 10,964 - - 6,546,068 - - 6,557,032 6,870,214
Due to other funds(Note 13) 2,221,091 1,767,705 19,154 2,601,149 498,219 - 688 - - 7,108,006 9,718,945
Due to other governments - 118,597 520,004 - - - - - - 638,601 793,086
Deferred revenue(Notes 6 and 10) 4,454,766 1,582,358 - - - - - - - 6,037,124 4,189,384
Deferred compensation payable(Note 16) - - - - - 3,096,496 - - 3,096,496 2,582,260
Obligation under capital leases(Note 11) - - - - - 25,944 - - 277,841 303,785 129,449
Bond indenture reserve requirement - - - - - 1,457,580 - - 1,457,580 1,457,580
Payable to trustee - - - - 7,098,134 - 7,098,134 4,279,533
Advances from other funds (Notes 11
and 13) - - - - - - - - 16,413,450 16,413,450 19,239,196
Bonds and notes payable(Note 11) - - - - - - - 119,005,000 119,005,000 115,359,653
Developer loans payable(Note 11) - - 5,256,615 5,256,615
Total Liabilities 8,237,968 5,793,912 588,819 3,637,448 558,655 25,944 18,340,606 - 142,199,792 179,383,144 169,503,643
Fund Equity:
Investment in general fixed assets - - - - - - - 127,288,239 127,288,239 125,355,267
Retained earnings:
Reserved (Note 14) - - - - - 3,560,532 - - - 3,560,532 3,098,978
Unreserved - - - - - - - - - - -
Fund balances:
Reserved(Note 14) 9,152,855 6,372,805 - 27,443,208 - - - - - 42,968,868 36,923,334
Unreserved:
Designated(Note 14) 13,581,463 4,308,629 20,727,488 61,500,619 - - - 100,118,199 103,732,585
Undesignated 11,083,732 378,387 891,230 12,353,349 6,762,664
Total Fund Equity and Other Credits 22,734,318 21,765,166 21,105,875 89,835,057 3,560,532 127,288,239 286,289,187 275,872,828
Total Liabilities,Fund Equity and
Other Credits $30,972,286 $27,559,078 $21,694,694 $ 93,472,505 $558,655 $3,586,476 $18,340,606 $127,288,239 $142,199,792 $465,672,331 $445,376,471
See Notes to Financial Statements
3
CITY OF RANCHO CUCAMONGA Exhibit 8
Page 1 of 2
COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
GOVERNMENTAL FUND TYPES TOTALS
Special Debt Capital (Memorandum Only)
General Revenue Service Protects 1 9 9 4 1 9 9 3
Revenues:
Taxes $ 17,346,789 $ 13,596,170 $ 20,964,805 $ 4,744,152 $ 56,651,916 $ 48,385,478
Licenses and permits 1,586,247 - - - 1,586,247 1,455,537
Fines and forfeits 313,992 70,118 - - 384,110 391,130
Use of money and property 636,983 621,973 401,568 3,223,256 4,883,780 6,899,587
Intergovernmental 4,810,236 4,819,185 9,629,421 11,041,157
Charges for services 1,263,803 803,721 - 2,067,524 2,066,010
Development fees - 3,617,971 - 3,617,971 2,016,608
Other 4,162,601 14,512 4,177,113 7,434,652
Total Revenues 30,120,651 23,543,650 21,366,373 7,967,408 82,998,082 79,690,159
Expenditures:
Current:
General government 6,104,190 1,502,476 3,923,878 2,584,844 14,115,388 12,944,510
Public safety 8,335,701 - - 8,335,701 7,615,332
Public safety•fire protection 8,309,526 - - 8,309,526 7,839,084
Engineering and public works 5,177,167 2,734,239 - 179,947 8,091,353 7,789,364
Community development 2,804,484 3,687,517 - - 6,492,001 6,159,850
Community services 1,025,331 737,270 - - 1,762,601 1,702,270
Capital outlay - 4,392,412 1,434,864 9,388,816 15,216,092 24,188,791
Debt service:
Bond defeasance costs - - - _
649,235
Principal 2,509,561 329,537 5,723,008 - 8,562,106 5,363,090
Interest and fiscal charges 6,067 135,788 5,641,484 1,528,630 7,311,969 9,191,083
Total Expenditures 25,962,501 21,828,765 16,723,234 13,682,237 78,196,737 83,442,609
Excess of Revenues over
(under) Expenditures $ 4,158,150 $ 1,714,885 $ 4,643,139 $ (5,714,829) $ 4,801,345 $ (3,752,450)
See Notes to Financial Statements
4
CITY OF RANCHO CUCAMONGA Exhibit B
Page 2 012
COMBINED STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
GOVERNMENTAL FUND TYPES TOTALS
Special Debt Capital (Memorandum Only)
General Revenue Service Projects 1 9 9 4 1 9 9 3
Other Financing Sources(Uses):
Operating transfers in $ 41,762 $ 1,662,381 $ 8,710,411 $ 5,357,375 $ 15,771,929 $ 25,347,404
Operating transfers out (74,123) (130,020) (12,767,786) (2,800,000) (15,771,929) (25,347,404)
Gain on sale of land held - - - 140,853 140,853 -
Debt proceeds - 311,434 64,460,000 5,353,260 70,124,694 9,308,682
Bond defeasance costs - - (62,171,485) - (62,171,485) (3,053,257)
Sale of fixed assets - - - - 1,188,780
Contributions to other funds - - - - - (45,025)
Miscellaneous (25,286) (4,503,015) (934,219) (5,462,520) (4,806,823)
Total Other Financing
Sources(Uses) (32,361) 1,818,509 (6,271,875) 7,117,269 2,631,542 2,592,357
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Uses $ 4,125,789 $ 3,533,394 $ (1,628,736) $ 1,402,440 $ 7,432,887 $ (1,160,093)
Fund Balances:
Beginning of Fiscal Year-as previously reported $ 18,450,083 $ 18,231,772 $ 22,734,611 $ 88,002,117 $ 147,418,583 $148,578,676
Restatements(Note 15) 158,446 - 430,500 588,946
Beginning of Fiscal Year-as restated 18,608,529 18,231,772 22,734,611 88,432,617 148,007,529 148,578,676
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Uses 4,125,789 3,533,394 (1,628,736) 1,402,440 7,432,887 (1,160,093)
End of Fiscal Year(Exhibit A) $ 22,734,318 $ 21,765,166 $ 21,105,875 $ 89,835,057 $ 155,440,416 $147,418,583
See Notes to Financial Statements
5
CITY OF RANCHO CUCAMONGA Exhibit c
COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 1 of 6
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
GENERALFUND SPECIAL REVENUE FUNDS
- Variance- Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $15,403,930 $ 17,346,789 $ 1,942,859 $ 12,439,586 $13,596,170 $ 1,156,584
Licenses and permits 1,444,250 1,586,247 141,997 - -
Fines and forfeits 199,450 313,992 114,542 64,237 70,118 5,881
Use of money and property 625,000 636,983 11,983 497,640 621,937 124,297
Intergovernmental 8,258,890 4,810,236 (3,448,654) 9,608,680 4,819,185 (4,789,495)
Charges for services 1,188,900 1,263,803 74,903 825,000 803,721 (21,279)
Development fees - 1,540,500 3,617,971 2,077,471
Other 3,414,970 4,162,601 747,631 18,097 12,044 (6,053)
Total Revenues 30,535,390 30,120,651 (414,739) 24,993,740 23,541,146 (1,452,594)
Expenditures:
Current:
General government 8,356,558 6,133,455 2,223,103 1,794,214 1,515,480 278,734
Public safety 8,766,560 8,335,701 430,859 - - -
Engineering and public works 5,964,352 5,221,016 743,336 2,852,122 2,734,239 117,883
Community development 2,876,911 2,811,657 65,254 4,600,826 3,696,920 903,906
Community services 1,071,630 1,050,793 20,837 820,092 752,582 67,510
Public safety-fire protection - - - 8,438,081 8,309,526 128,555
Capital outlay - - 12,014,172 4,860,007 7,154,165
Debt service:
Bond defeasance costs - -
Principal - 2,509,561 (2,509,561) 270,000 329,537 (59,537)
Interest and fiscal charges 6,067 (6,067) 130,570 135,788 (5,218)
Total Expenditures 27,036,011 26,068,250 967,761 30,920,077 22,334,079 8,585,998
Excess of Revenues over
(under)Expenditures $ 3,499,379 $ 4,052,401 $ 553,022 $ (5,926,337) $ 1,207,067 $ 7,133,404
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 30,1994
GENERAL FUND SPECIAL REVENUE FUNDS
Variance- Variance-
Favorable Favorable
Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Operating transfers in $ 62,120 $ 41,762 $ (20,358) $ 393,280 $ 1,662,381 $ 1,269,101
Operating transfers out (861,280) (74,123) 787,157 (129,719) (130,020) (301)
Sale of fixed assets - - - - - -
Gain on sale of land held - - - - -
Debt proceeds - - - - 311,434 311,434
Bond defeasance costs - - - - - -
Contributions to other funds - - - - - -
Miscellaneous (25,286) (25,286)
Total Other Financing
Sources(Uses) (799,160) (32,361) 766,799 263,561 1,818,509 1,554,948
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetary Basis) 2,700,219 4,020,040 1,319,821 (5,662,776) 3,025,576 8,688,352
Adjustments:
To adjust for encumbrances (Note 1) - 105,749 105,749 - 505,314 505,314
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis)-Budgetary
Classifications 2,700,219 4,125,789 1,425,570 (5,662,776) 3,530,890 9,193,666
Other Adjustments:
To record excess of Revenues and Other
Sources over(under) Expenditures and Other
Uses for nonbudgeted funds(Note 1) - 2,504 2,504
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses(GAAP Basis) $ 2,700,219 $ 4,125,789 $ 1,425,570 $ (5,662,776) $ 3,533,394 $ 9,196,170
Fund Balances:
Beginning of Fiscal Year -as previously reported $18,450,083 $ 18,450,083 $ - $ 18,231,772 $18,231,772 $
Restatements (Note 15) 158,446 158,446 -
Beginning of Fiscal Year-as restated 18,450,083 18,608,529 158,446 18,231,772 18,231,772 -
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) 2,700,219 4,125,789 1,425,570 (5,662,776) 3,533,394 9,196,170
End of Fiscal Year(Exhibit A) $21,150,302 $ 22,734,318 $ 1,584,016 $ 12,568,996 $21,765,166 $ 9,196,170
See Notes to Financial Statements
7
CITY OF RANCHO CUCAMONGA Exhibit C
COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 3 of 6
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS
Variance- Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $ 28,025,420 20,964,805 $ (7,060,615) $ 7,303,800 $ 4,744,152 $ (2,559,648)
Licenses and permits - - -
Fines and forfeits - -
Use of money and property - 397,901 397,901 72,860 3,223,256 3,150,396
Intergovernmental - -
Charges for services - - -
Development fees - - -
Other
Total Revenues 28,025,420 21,362,706 (6,662,714) 71376,660 7,967,408 590,748
Expenditures:
Current:
General government 868,570 3,923,878 (3,055,308) 2,349,680 2,783,946 (434,266)
Public safety - - - - .
Engineering and public works - - - 8,682,230 179,947 8,502,283
Community development -
Community services - - - -
Public safety-fire protection - - -
Capital outlay 60 1,434,864 (1,434,804) 12,150,755 12,419,051 (268,296)
Debt service:
Bond defeasance costs - -
Principal 23,035,240 5,723,008 17,312,232 3,816,750 - 3,816,750
Interest and fiscal charges 300,000 5,641,484 (5,341,484) 135,000 1,528,630 (1,393,630)
Total Expenditures 24,203,870 16,723,234 7,480,636 27,134,415 16,911,574 10,222,841
Excess of Revenues over
(under) Expenditures $ 3,821,550 $ 4,639,472 $ 817,922 $ (19,757,755) $ (8,944,166) $ 10,813,589
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 30,1994
DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS
Variance- Variance-
Favorable Favorable
Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Operating transfers in $ 7,456,780 $ 8,710,411 $ 1,253,631 $ - $ 5,357,375 $ 5,357,375
Operating transfers out (8,169,730) (12,767,786) (4,598,056) (1,371,810) (2,800,000) (1,428,190)
Sale of fixed assets - - - - - -
Gain on sale of land held - - - 140,853 140,853
Debt proceeds - 64,460,000 64,460,000 23,110,820 5,353,260 (17,757,560)
Bond defeasance costs - (62,171,485) (62,171,485) - -
Contributions to other funds - - - - -
Miscellaneous (3,108,600) (4,501,557) (1,392,957) (934,219) (934,219)
Total Other Financing
Sources(Uses) (3,821,550) (6,270,417) (2,448,867) 21,739,010 7,117,269 (14,621,741)
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (Budgetary Basis) - (1,630,945) (1,630,945) 1,981,255 (1,826,897) (3,808,152)
Adjustments:
To adjust for encumbrances(Note 1) 3,229,337 3,229,337
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis)-Budgetary
Classifications - (1,630,945) (1,630,945) 1,981,255 1,402,440 (578,815)
Other Adjustments:
To record excess of Revenues and Other
Sources over(under) Expenditures and Other
Uses for nonbudgeted funds(Note 1) 2,209 2,209
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses(GAAP Basis) $ $ (1,628,736) $ (1,628,736) $ 1,981,255 $ 1,402,440 $ (578,815)
Fund Balances:
Beginning of Fiscal Year -as previously reported $ 22,734,611 $ 22,734,611 $ - $ 88,002,117 $ 88,002,117 $ -
Restatements(Note 15) - - 430,500 430,500
Beginning of Fiscal Year-as restated 22,734,611 22,734,611 - 88,002,117 88,432,617 430,500
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) (1,628,736) (1,628,736) 1,981,255 1,402,440 (578,815)
End of Fiscal Year(Exhibit A) $ 22,734,611 $ 21,105,875 $ (1,628,736) $ 89,983,372 $ 89,835,057 $ (148,315)
See Notes to Financial Statements
9
CITY OF RANCHO CUCAMONGA Exhibit C
COMBINED STATEMENT OF REVENUES,EXPENDITURES Page 5 of 6
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
TOTALS(MEMORANDUM ONLY)
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Revenues:
Taxes $ 63,172,736 $ 56,651,916 $ (6,520,820) $ 48,385,478
Licenses and permits 1,444,250 1,586,247 141,997 1,455,537
Fines and forfeits 263,687 384,110 120,423 391,130
Use of money and property 1,195,500 4,880,077 3,684,577 6,899,565
Intergovernmental 17,867,570 9,629,421 (8,238,149) 11,041,157
Charges for services 2,013,900 2,067,524 53,624 2,066,010
Development fees 1,540,500 3,617,971 2,077,471 2,016,608
Other 3,433,067 4,174,645 741,578 7,434,652
Total Revenues 90,931,210 82,991,911 (7,939,299) 79,690,137
Expenditures:
Current:
General government 13,369,022 14,356,759 (987,737) 13,345,984
Public safety 8,766,560 8,335,701 430,859 7,615,640
Engineering and public works 17,498,704 8,135,202 9,363,502 7,838,041
Community development 7,477,737 6,508,577 969,160 6,318,903
Community services 1,891,722 1,803,375 88,347 1,731,480
Public safety-fire protection 8,438,081 6,309,526 128,555 7,839,084
Capital outlay 24,164,987 18,713,922 5,451,065 26,936,124
Debt service:
Bond defeasance costs - 649,235
Principal 27,121,990 8,562,106 18,559,884 5,363,090
Interest and fiscal charges 565,570 7,311,969 (6,746,399) 9,191,083
Total Expenditures 109,294,373 82,037,137 27,257,236 86,826,664
Excess of Revenues over
(under) Expenditures $ (18,363,163) $ 954,774 $ 19,317,937 $ (7,138,527)
See Notes to Financial Statements
10
CITY OF RANCHO CUCAMONGA Exhibit C
Page 6 of 6
COMBINED STATEMENT OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1994
TOTALS(MEMORANDUM ONLY)
1994 1993
Variance-
Favorable
Other Financing Sources(Uses): Budget Actual (Unfavorable) Actual
Operating transfers in $ 7,912,180 $ 15,771,929 $ 7,859,749 $ 25,347,404
Operating transfers out (10,532,539) (15,771,929) (5,239,390) (25,347,404)
Sale of fixed assets - - - 1,188,780
Gain on sale of land held - 140,853 140,853 -
Debt proceeds 23,110,820 70,124,694 47,013,874 9,308,682
Bond defeasance costs - (62,171,485) (62,171,485) (3,053,257)
Contributions to other funds - - - (45,025)
Miscellaneous (3,108,600) (5,461,062) (2,352,462) (4,806,823)
Total Other Financing
Sources(Uses) 17,381,861 2,633,000 (14,748,861) 2,592,357
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(Budgetary Basis) (981,302) 3,587,774 4,569,076 (4,546,170)
Adjustments:
To adjust for encumbrances (Note 1) 3,840,400 3,840,400 3,386,055
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis)-Budgetary
Classifications (981,302) 7,428,174 8,409,476 (1,160,115)
Other Adjustments:
To record excess of Revenues and Other
Sources over(under) Expenditures and Other
Uses for nonbudgeted funds (Note 1) 4,713 4,713 22
Excess of Revenues and Other Sources
over (under) Expenditures and Other
Uses (GAAP Basis) _L____(281.302L $ 7,432,887 $ 8,414,189 $ (1,160,093)
Fund Balances:
Beginning of Fiscal Year -as previously reported $ 147,418,583 $147,418,583 $ - $148,578,676
Restatements(Note 15) 588,946 588,946
Beginning of Fiscal Year-as restated 147,418,583 148,007,529 588,946 148,578,676
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) (981,302) 7,432,887 8,414,189 (1,160,093)
End of Fiscal Year(Exhibit A) $146,437,281 $155,440,416 $ 9,003,135 $147,418,583
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, 1994
TOTALS
Enterprise Internal Service Year ended June 30,
Operating Revenues: Sports Complex Vehicle Replacement 1 994 1 993
Charges for services $ 293,809 $ 461,490 $ 755,299 $ 545,828
Rents 155,807 155,807 29,094
Total Operating Revenues 449,616 461,490 911,106 574,922
Operating Expenses:
Salaries and benefits 604,900 - 604,900 167,545
Administrative costs 8,110 - 8,110 1,512
Maintenance and operations 353,211 - 353,211 120,288
Contractual services 114,175 - 114,175 28,635
Vehicle and equipment maintenance 3,499 3,499 5,297
Depreciation 112,226 112,226 127,455
Total Operating Expenses 1,080,396 115,725 1,196,121 450,732
Operating Income(Loss) (630,780) 345,765 (285,015) 124,190
Nonoperating Revenues:
Interest income - 119,915 119,915 139,078
Taxes 119,604 - 119,604 61,496
Contribution from redevelopment agency 505,091 - 505,091 177,522
Miscellaneous 1,959 1,959 4,126
Total Nonoperating Revenues 626,654 119,915 746,569 382,222
Net Income (4,126) 465,680 461,554 506,412
Retained Earnings:
Beginning of Fiscal Year 4,126 3,094,852 3,098,978 2,592,566
End of Fiscal Year(Exhibit A) $ $3,560,532 $ 3,560,532 $ 3,098,978
See Notes to Financial Statements
12
■r r ■r it r r �r r r r r r� ■r it r r� r r r
CITY OF RANCHO CUCAMONGA Exhibit E
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
TOTALS
Enterprise Internal Service Year ended June 30,
Sports Complex Vehicle Replacement 1 9 9 4 -1993
Cash Flows from Operating Activities:
Operating Income(Loss) (Exhibit D) $ (630,780) $ 345,765 $ (285,015) $ 124,190
Adjustmentto reconcile Operating Income to Net Cash:
Depreciation - 112,226 112,226 127,455
Taxes 119,604 - 119,604 61,496
Contribution from redevelopment agency 505,091 - 505,091 177,522
Miscellaneous income 1,959 - 1,959 4,126
Changes in Assets and Liabilities:
(Increase)decrease in taxes receivable (30,963) - (30,963) -
(Increase)decrease in accounts receivable 11,868 - 11,868 (34,469)
Increase(decrease) in due from other funds (327,569) - (327,569) (177,522)
Increase(decrease)in accounts payable (/,315) - (7,315) 54,889
Increase(decrease) in accrued payroll payable (6,742) - (6,742) 19,604
Increase(decrease) in due to other funds 339,233 - 339,233 158,986
Total Adjustments 605,166 112,226 717,392 392,087
Net Cash Provided(Used) by Operating Activities (25,614) 457,991 432,377 516,277
Cash Flows from Capital and Related Financing Activities:
Principal payments on capital leases (24,000) (24,000) (22,202)
Net Cash Provided (Used) by Capital and
Related Financing Activities (24,000) (24,000) (22,202)
Cash Flows from Investing Activities: - 119,915 119,915 139,078
Interest on investments
Net Cash Provided(Used) by Investing Activities 119,915 119,915 139,078
Net Increase (Decrease) in Cash and Investments (25,614) 553,906 528,292 633,153
Cash and Investments at Beginning of Year 25,614 2,844,181 2,869,795 2,236,642
Cash and Investments at End of Year(Exhibit A) $ $3,398,087 $ 3,398,087 $ 2,869,795
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, 1994
1. SIGNIFICANT ACCOUNTING POLICIES
Note 1: Organization and Summary of Significant Accounting Policies
a. Description of the Reporting Entity
The City of Rancho Cucamonga was incorporated on November 30, 1977 under the laws of the State of California and enjoys all the
rights and privileges applicable to a General Law City. It is governed by an elected five-member board. As required by generally
accepted accounting principles, these financial statements present the City of Rancho Cucamonga (the primary government) and its
component units. The component units discussed below are included in the reporting entity because they have the same governing
body as that of the primary government and because of their operational financial relationship with the City of Rancho Cucamonga.
Blended component units:
The Rancho Cucamonga Redevelopment Agency was established on May 20, 1981 pursuant to the State of California Health and
Safety Code, Section 33000. Its purpose is to prepare and carry out plans for the improvement, rehabilitation and development
of blighted areas within the territorial limits of the City of Rancho Cucamonga.
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.
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.
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
� IMI � �
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 Tvpes
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 Tvpes
Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other
governmental units, and/or other funds.
15
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Account Groups
Fixed Assets and Long-Term Liabilities
The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are
determined by its measurement focus. All governmental funds are accounted for on a spending or 'financial flow'
measurement focus. This means that only current assets and current liabilities are generally included in their balance
sheets. Their reported fund balance (net current assets) is considered a measure of 'available spendable resources'.
Governmental fund operating statements present increases (revenues and other financing sources) and decreases
(expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources
and uses of 'available spendable resources" during a period.
Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed
Assets Account Group, rather than in governmental funds. Public domain ("infrastructure') general fixed assets consisting
of roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are not capitalized.
No depreciation has been provided on general fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available.
Donated fixed assets are valued at their estimated market value on the date donated.
Fixed assets acquired under lease/purchase contracts are recorded in the Internal Service Fund and the General Fixed
Assets Account Group. The corresponding liabilities are recorded in the Internal Service Fund and the General Long-Term
Debt Account Group.
Interest accrued during construction (if any) of fixed assets is capitalized as a part of the asset cost.
All proprietary funds are accounted for on a cost of services or 'capital maintenance' measurement focus. This means that
all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets.
Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets.
Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations.
Proprietary fund fixed assets are reported net of accumulated depreciation on their balance sheets. Depreciation has been
16
� IM � IMI � � � � � � � � � � � � � ! �
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
provided over the estimated useful lives using the straight line method for all classes of fixed assets. The estimated useful
lives are as follows:
Automotive Equipment 5 years
Other Equipment 5-10 years
Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term Debt
Account Group, not in the governmental funds. Noncurrent portions of long-term receivables due to governmental funds
are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used
to indicate, however, that they should not be considered 'available spendable resources', since they do not represent net
current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred until
they become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve
accounts.
Special reporting treatments are also applied to governmental fund inventories (if any) to indicate that they do not represent
'available spendable resources', even though they are a component of net current assets. Such amounts are generally
offset by fund balance reserve accounts.
Because of their spending measurement focus, expenditure recognition for governmental fund types does not include
amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are
not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the
General Long-Term Debt Account Group.
c. Functional Classifications
Expenditures of the City are classified by function. Functional classifications are defined as follows:
General Government includes legislative activity, City Clerk, City Attorney, City Manager as well as management or supportive
services across more than one functional area.
Public Safety includes those activities which involve the protection of people and property.
Public Safety - Fire Protection includes activities of the fire protection district involved in the protection of people and property from
fire.
17
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Engineering and Public Works includes all maintenance, engineering and capital improvements which relate to streets, sewers,
parks, flood control and other public facilities.
Community Development includes those activities which involve planning and redevelopment as well as building and safety.
Community Services includes those activities which involve the providing of recreational, cultural and educational services.
d. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the
financial statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement.
All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are
recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in those
funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of
money and property, interfund transfers, unbilled service receivables and intergovernmental revenue are all considered measurable and
are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part,
not susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities)
and thus do not involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis
with the exception of the City's Deferred Compensation Plan which is accounted for on a market value basis in accordance with
Statement No. 2 of the Governmental Accounting Standards Board (GASB).
Property tax revenue is recognized on the basis of NCGA Interpretation No. 3; (adopted by GASB) that is, in the fiscal year for which
the taxes have been levied providing they become available. Available means then due, or past due and receivable within the current
period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used
to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax liens attach annually
as of 12:01 A.M. on the first day in March preceding the fiscal year for which the taxes are levied. The tax levy is made July 1 and
covers the fiscal period July 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 loth 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
� MI � 1111=1 � IMI
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 and Summary of Significant Accounting Policies (Continued)
Excess of Revenues and
Other Sources over (under)
Expenditures and Other Uses
Special Revenue Fund Type:
San Sevaine/Etiwanda Drainage $
Sobriety Checkpoint Grant
800 MHZ Radio 2,504
SBA Tree Grant
Debt Service Fund Type:
Central Park Acquisition (1,458)
Public Improvement Corporation 3,667
f. Other Accounting Policies
Total Columns on Combined Statements
'Memorandum Only' captions on combined statements - total columns mean that totals are presented for overview informational
purposes only and that they do not fairly present financial position or results of operations for the governmental unit as a whole
in conformity with generally accepted accounting principles. Interfund eliminations have not been made in the aggregation of
these totals.
Investments
Investments are stated at cost, with the exception of a Treasury Investment Growth Receipt, which is recorded at its carrying value
at June 30. At June 30, 1994, the City held no land for resale; therefore, no investment in land held for resale is present in the
financial statements.
Claims and Judgments and Compensated Absences
Claims and Judgments
Only the short-term liability is reflected as a current liability in all applicable governmental fund types, the remainder of the
liability is reported in the General Long-Term Debt Account Group. The short-term liability which will be liquidated with
expendable available financial resources is the amount of settlement reached, but unpaid, related to claims and judgments
20
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
entered. At June 30, 1994, 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, 1994, there are no
material incurred but unreported claims against the City.
Compensated Absences
The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The
short-term portion is determined to be the amount due to employees for future absences which is attributable to services
already rendered and which is expected to be paid during the next fiscal year. The total amount of liability for compensated
absences is segregated between short-term and long-term as indicated above and are accordingly reflected in the General
Fund, Fire District Special Revenue Fund and General Long-Term Debt Account Group.
Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally, an
employee can not accrue more than one and one-half times his regular annual entitlement.
Sick leave is payable when an employee is unable to work because of illness. For City employees, those who terminate their
employment after five years of continuous service and have at least 50% of five years sick leave accrued on the books upon
termination may be paid for 120 hours of the accrued leave.
For Fire District employees, sick leave may be accumulated indefinitely or an employee with ten or more years of service shall
be eligible to convert unused sick leave to vacation in accordance with the following with any remainder of hours to still remain
used sick time.
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)
It. STEWARDSHIP
Note 2: Stewardship, Compliance and Accountability
a. The following funds contained deficit fund balances as of June 30:
Special Revenue Funds:
SB 140 $ (129,977)
Masi Commerce Center (1,952)
b. Excess of expenditures over appropriations in individual funds at the departmental level are as follows:
Expenditures Appropriations Excess
General Fund:
General government:
City Manager $ 405,396 $ 405,279 $ 117
Debt Service:
Principal 2,509,561 - 2,509,561
Interest and fiscal charges 6,067 - 6,067
Special Revenue Funds:
Gas Tax
Engineering and public works 1,851,038 1,837,905 13,133
Principal 59,537 - 59,537
Interest and fiscal charges 11,795 - 11,795
Fire District
Interest and fiscal charges 29,279 25,380 3,899
Capital Projects Funds:
Redevelopment Agency
Interest and fiscal charges 1,528,630 135,000 1,393,630
22
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
111. DETAIL NOTES ON FUNDS AND ACCOUNT GROUPS
(Notes 2.16)
Note 3: Cash and Investments
Cash and investments at June 30 consisted of the following:
Cash on hand $ 1,280
Pooled Cash and Deposits 73,968,323
Pooled Investments 35,873,835
Money Market 3,870
Investment in County of San Bernardino Investment Pool 31,237
Investment in State Treasury's Investment Pool 26,210,597
Investment with Fiscal Agent/Trustee 7,023,164
Deferred Compensation 3.096,496
Total Cash and Investments $ 146,208,802
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 pian is credited directly to the related fund.
Pooled Cash and Non-Negotiable Certificates of Deposit
All pooled cash and non-negotiable certificates of deposit are entirely insured or collateralized. The California Government Code
requires California banks and savings and loan associations to secure a City's deposits by pledging government securities as collateral.
The market value of pledged securities must equal at least 110% of a City's deposits. California taw 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).
23
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
Cash and Investments with Fiscal Agent
The City has monies held by 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 specific statutory provisions governing
the issuance of these bonds, certificates, or leases, may be invested in accordance with the ordinance, resolutions or indentures
specifying the types of investments its fiscal agent may make. These ordinances, resolutions, and indentures are generally more
restrictive than the City's general investment policy. In no instance have additional types of investments, not permitted by the City's
general investment policy, been authorized.
Cash and Investments - Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The
market value of the plan assets at June 30, 1994 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 Petty Cash $ 301,480 $ 13,015,696 $ $ 13,317,176 $ 10,746,669
Certificates of Deposit 700,000 62.522,934 = 63,222,934 63,222.934
Totals $ 1,001,480 $ 75,538,630 $ e $ 76,540,110 $ 73,969,603
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:
24
�I m m M r ark a■ ■� a a �■
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 3: Cash and Investments (Continued)
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.
Category Carrying Market
1 2 3 Amount Value
City Investments:
U.S. Government Securities $ _ $ 35,873,835 $ _ $ 35,873,835 $ 35,839,709
Total City Investments $ $ 35,873,835 $ e $ 35,873,835 $ 35,839.709
Money Market Instruments
Money market instruments cannot be assigned a 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.
Money Market Instruments $ 3,870
25
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 and County of San Bernardino Investment Pool 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.
Investment in State Treasury's Investment Pool $ 26,210,597
Investment in County of San Bernardino's Investment Pool $ 31,237
Investment with Fiscal Agent
Amounts invested with fiscal agent 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.
Investments with Fiscal Agent $ 7,023,164
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.
Deferred Compensation $ 3,096,496
26
M .M � Q. M � =W aw alb
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
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 $ 263,991
Community Development Block Grant 127,437
Park Bond Acts 424,070
Environmental Enhancement 97,016
State Department of Transportation 1,409,630
State Department of Parks and Recreation - Police Resource 246.500
Total $2.568,644
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.
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, 1994 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 $4,102,222 matured interest due on these loans
has been added to principal. As this interest is not payable currently, the City has recognized deferred revenue in this amount.
27
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 7: Changes in General Fixed Assets
A summary of changes in general fixed assets follows:
Restated
Balance Balance Balance
June 30, 1993 Restatement June 30, 1993 Additions Deletions June 30, 1994
Purchased/Contributed Assets:
Land $ 43,470,256 $ (6,905,500) $ 36,564,756 $ 9,260,244 $ 6,165,016 $ 39,659,984
Building improvements 45,066,816 45,066,816 33,495,020 8,074,029 70,487,807
Improvements other
than buildings 55,711 55,711 - 55,711
Equipment and vehicles 9,850,703 9,850,703 1,452,364 64,325 11,238,742
Furniture and fixtures 3,107,170 3,107,170 1,525 - 3,108,695
Construction- in-progress 23,804,611 23,804,611 4,281,666 25,348,977 2,737,300
Total $ 125,355,267 $ (6,905,500 $ 118,449,767 $ 48,490,819 $ 39.652,347 $ 127,288,239
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 $ 769,061 $ 683,304 $ 85,757
Other equipment 5-10 years 61,032 42,007 19,025
Assets acquired through capital leases - equipment 5-10 years 294,745 226,138 68,607
Total $ 1,124.838 $ 951,449 $ 173,389
28
M r iMl l ii W1 !i I OW !r W10011111111 M ra M M ar tINE M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations
City of Rancho Cucamonga (Separate from Fire District)
a. Plan Description
The City contributes to the California Public Employees Retirement System (PERS), an agent multiple-employer public employee
retirement system that acts as a common investment and administrative agent for participating public entities within the State of
California. The City's total payroll was $10,972,835 of which $9,935,417 was the payroll for employees covered by the system for
the year ended June 30, 1994.
All full-time and part-time City employees who are eligible may participate in the system. To be eligible for service retirement an
employee must be at least age 50 and have 5 years of PERS-credited service. For non-safety employees the benefits are payable
monthly for life, in an amount that varies from 1.092 percent at age 50 to 2.418 percent at age 63 (for each year of credited
service) of their final compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other
requirements are established by State statute and City ordinance.
'Final Compensation' is the average monthly pay rate for the last consecutive 36 months (or any other 36 month period if higher);
however, with respect to public safety employees only the average monthly pay rate for the last consecutive 12 months (or another
12 consecutive months if higher) may be used If the entity's contract with PERS provides for one year final compensation.
b. Employee and Employer Contribution Obligations
The City contributes 7% of their salaries to the system on behalf of member employees. The City also contributes the remaining
amounts necessary to fund the benefits for its members, using the actuarial basis recommended by the PERS actuaries and
actuarial consultants and adopted by the Board of Administration.
c. Funding Status and Progress
The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases and step-rate benefits, estimated to be payable in the future as a
result of employee service to date. The measure is intended to help users assess the funding status of the system on a going-
concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among
employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method
used to determine contributions to the system.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1993, but reflects all plan
amendments adopted through June 30, 1994. Significant actuarial assumptions used in the valuation include (1) a rate of return
29
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligations (Continued)
on the investment of present and future assets of 8.75% a year compounded annually, (2) projected salary increases of 4.5% a
year compounded annually, attributable to inflation, (3) additional projected salary increases of 2.5% a year, attributable to
seniority/merit, and (4) no postretirement benefit increases.
The total assets in excess of pension benefit obligation applicable to the employees was $2,125,191 at June 30, 1993 as follows:
Pension Benefit Obligation:
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits $ 1,259,083
Current employees:
Accumulated employee contributions
including allocated investment earnings 5,601,445
Employer-financed vested 3,996,742
Employer-financed nonvested 389,326
Total Pension Benefit Obligation $ 11,246,596
Net assets available for benefits at cost
(Market Value = $15,899,055) 13,371,787
Assets in Excess of Pension Benefit Obligation $ 2,125,191
d. Contributions Required and Contributions Made
PERS uses the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is, it takes into account
those benefits that are expected to be earned in the future as well as those already accrued.
According to this cost method, the normal cost for an employee is the level amount which would fund the projected benefit if it
were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which
the employer's total normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll
30
so K0 ! /1 we aw 0111111111 Ift r / 'r No As No I•
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
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 contribution to the system for the year ended June 30, 1994 of $1,367,724 was made in accordance with actuarially determined
requirements computed through an actuarial valuation performed as of June 30, 1993. The contribution consisted of $1,366,648
normal cost (13.8% of current covered payroll).
During the year, the City contributed $694,021 (7% of 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.
Seven-year trend information for the City of Rancho Cucamonga follows:
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93
Net assets
available for
benefits $ 3,629,308 $ 4,289,840 $ 5,213,200 $ 7,056,201 $ 8,838,496 $ 11,102,937 $ 13,371,787
Pension benefit
obligation $ 2,636,057 $ 3,455,000 $ 4,609,897 $ 6,387,889 $ 8,160,228 $ 9,844,217 $ 11,246,596
Net assets
available
for benefits
expressed as
a percentage of
the pension
benefit obligation 137.7 % 124.2 % 113.1 % 110.5 % 108.3 % 112.8 % 118.9 %
31
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93
Assets in excess
of pension
benefit obligation $ 993,251 $ 834,840 $ 603,303 $ 668,312 $ 897,982 $ 1,258,720 $ 2,125,191
Annual covered
payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $10,546,252 $ 10,507,814 $ 9,935,417
Assets in excess
of pension
benefit obligation,
expressed as a
percentage of
annual covered
payroll 25.5 % 15.7 % 8.6 % 7.8 % 8.5 % 12.0 , 20.0 %
Employer
contributions.
These contributions
were made in
accordance with
actuarially
determined
requirements $ 308,950 $ 349,447 $ 476,976 $ 596,077 $ 728,532 $ 811,828 $ 673,703
Annual covered
payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $ 10,546,252 $ 10,507,814 $ 9,935,417
Employer
contributions
expressed as a
percentage
of annual covered
payroll 7.9 % 6.6 % 6.8 % 7.0 % 6.9 % 7.7 % 6.8 %
32
an No lm iMw M an me am too an *0 MW WN y IM /Will
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
For the fiscal year 1993-94, 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.
Rancho Cucamonga Fire Protection District
f. Plan Description
The District contributed to the California Public Employees Retirement System (PERS), an agent multiple-employer public employee
retirement system that acts as a common investment and administrative agent for participating public entities within the State of
California. The total covered payroll for employees participating in the system for the year ended June 30, was $4,116,424. The
total payroll for the year was $5,393,952.
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 and have five years of PERS-credited service. For public safety employees, the benefits are payable monthly for
life, in an amount that varies from 2 percent at age fifty to 2.7 percent at age sixty (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 fifty to 2.418 percent at age sixty-three (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" 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.
g. Employee and Employer Contribution Obligations
The District makes the contributions required of District 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:
33
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
Member Rates as a
Category Percentage of Wages
Local miscellaneous members 7
Local safety members with benefits
under Article 21252.01 9 %
Local safety members with benefits
under Article 21252.6 7
The District is 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.
h. Funding Status and Progress
The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension
benefits, adjusted for the effects of projected salary increases and step-rate benefits, estimated to be payable in the future as a
result of employee service to date. The measure is intended to help assess the funding status of the system on a going-concern
basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among employers.
The measure is the actuarial present value of credited projected benefits and is independent of the funding method used to
determine contributions to the system.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1993. Significant actuarial
assumptions used in the valuation include (a) a rate of return on the investment of present and future assets of 8.75 percent a
year compounded annually, (b) projected salary increases of 4.5 percent a year compounded annually, attributable to inflation, (c)
additional projected salary increases of 2.5 to 2.75 percent a year, attributable to seniority/merit, and (d) no post retirement
increases.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1993, but reflects all plan
amendments adopted through June 30, 1994.
34
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
The total overfund pension benefit obligation applicable to the employees was $1,047,383 at June 30, 1993 as follows:
Pension Benefit Obligation:
Retirees and beneficiaries currently
receiving benefits and terminated employees
not yet receiving benefits $ 1,780,702
Current employees:
Accumulated employee contributions
including allocated investment
earnings 3,636,679
Employer-financed vested 5,272,399
Employer-financed non-vested 246.586
Total Pension Benefit Obligation $ 10,936,366
Net assets available for benefits at cost
(Market Value = $13,889,165) 11.983,749
Assets in Excess of Pension Benefit Obligation $ 1.047,383
i. Contributions Required and Contribution 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 the cost method, the normal cost for an employee is the level amount which would fund the projected benefit if it
were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which
the employer's 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 for
current service and 2005 for prior service.
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.
35
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
The contribution to the system for the fiscal year 1993-94 of $968,468 was made in accordance with actuarially determined
requirements completed through an actuarial valuation performed as of June 30, 1993. The contribution consisted of the following:
Safety Employees Non-Safety Employees Total
Percent of Percent of Percent of
Current Current Current
Covered Covered Covered
Contribution Payroll Contribution Payroll Contribution Payroll
Normal Cost $ 851,207 23.33 % $ 54,866 12.44 % $ 906,073 22.01 %
Amortization of the
unfunded actuarial
accrued liabilities 63,850 1_75 (1,455 .33 62.395 1_52
Total $ 915.057 25.08 % $ 53.411 12_11 % $ 968.468 23.53 %
The City contributed $606,805 (14.74 percent of current covered payroll); the City also contributed on behalf of the employees
required contribution $361,663 (8.79 percent of current covered payroll).
j. Trend Information
Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. System-
wide ten-year trend information is not yet available.
The seven-year trend information for the Rancho Cucamonga Fire Protection District follows:
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93
Net assets available for benefits
expressed as a percentage of the
pension benefit obligation 106.7 % 103.6 % 102.1 % 100.5 % 94.1 % 100.4 % 109.6 %
Assets in excess of pension benefit
obligation, expressed as a
percentage of annual covered payroll 15.3 % 8.5 % 5.2 % 1.3 % (15.0) % 1.1 % 25.8 %
36
■r gar r aa. No r 40 an AW an s an M so am r .M i
M 'M M am MIrIma ms Molwr imam M fMft wwr
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 9: Pension Plan Obligation (Continued)
1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93
Employer contributions expressed
as a percentage of annual covered
payroll. These contributions were
made in accordance with actuarially
determined requirements. Information is not available. 14.7 %
For fiscal year 1993-94, the net assets available for benefits expressed as a percentage of the pension benefit obligation and the
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, 1994 consists of the following:
General Fund - interest accrued on advances to Rancho Cucamonga
Redevelopment Agency which is measurable but not available (See Note 6) $ 4,102,222
General Fund - increase in value of Treasury Investment Growth
Receipt for which cash has not been received 352,544
Special Revenue Funds - Revenue collected in advance from
San Bernardino Associated Governments for construction of a
commuter rail station 1,417,015
Special Revenue Funds - development fees collected in advance from various
developers for future improvement projects. They are reported as follows:
Beautification $ 58,232
Systems Development 103,935
Drainage Facilities 3,176 165,343
Total $ 6,037,124
37
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt
a. A description of individual components of long-term debt outstanding as of June 30, 1994 follows:
Certificates of Participation:
$2,875,000 Certificates of Participation, Rancho Cucamonga Public Improvement Corporation - On December 29, 1988, the Rancho
Cucamonga Public Improvement Corporation issued $2,875,000 in Certificates of Participation with an average interest rate of 7.03 ,
to render financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements for its
Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres of land which
the City intends to develop as the Community Park. The City has covenanted in its lease agreement with the Corporation to
budget for, appropriate and make the lease payments to the Corporation each year during which it has use and possession of
the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable for all lease
payments on an annual basis should the City default on its obligation to make lease payments. Debt service payments began
June 1, 1989 and continue through December 1, 1998.
The Corporation is treated as a component unit of the reporting entity and is reported as a debt service fund.
Tax Allocation Bonds:
1. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 1990 Tax Allocation Bonds, $107,780,000 - These
bonds are dated March 1, 1990 and were issued to provide for the advance refunding of $31,215,000 Rancho Cucamonga
Redevelopment Agency, Rancho Redevelopment Project Tax Allocation Bonds, 1986 Series A, advance refunding of $9,300,000
Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project Refunding Tax Allocation Bonds, 1987 Series A, and
the advance refunding of $9,500,000 City of Rancho Cucamonga Certificates of Participation (Fire Facilities Project). Interest is
payable semi-annually on March 1 and September 1 of each year commencing September 1, 1990. The bonds mature on the
dates in amounts and bear interest as follows:
Maturity Date Principal Interest Maturity Date Principal Interest
September 1 Amount Rate 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
38
M as M 4M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
The Bonds maturing on or before September 1, 1999, are not subject to call and redemption prior to their stated maturities. Bonds
maturing on or after September 1, 2000, are subject, at the option of the Agency, to redemption, in whole or in part, prior to their
stated maturities on any date, commencing September 1, 1999. The bonds maturing September 1, 2019 and September 1, 2020
are subject to mandatory redemption in part from sinking account installments on September 1, 2007, and on each September
1 thereafter up to and including September 1, 2020.
Bonds from this issue of $54,905,000 were defeased during 1993-94. See Note 11b for additional information.
2. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 1994 Tax Allocation Refunding Bonds $64,460,000. -
These bonds are dated February 1, 1994 and were issued in order to advance refund $54,905,000 of the 1990 Tax Allocation
Bonds. Interest is payable semi-annually on March 1 and September 1 of each year commencing September 1, 1994. The bonds
mature on the dates in amounts and bearing interest as follows:
Maturity Maturity
Date Principal Interest Date Principal Interest
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, if any, on the bonds listed above and are referred to in the applicable series resolutions, as 'Pledged Tax
Revenues'. Pledged Tax Revenues do not include that portion of Tax Revenues derived from the Project Area which are required
by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing
fund and be used for the purpose of increasing and improving the community's supply of low and moderate income housing.
Pledged Tax Revenues also do not include that portion of Tax Revenues derived from the Project Area which are required to be
used by the Agency in accordance with the provisions of certain agreements entered into by the Agency. The Agency has entered
39
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered
into with (i) the Chino Basin Municipal Water District, (i) the County of San Bernardino on behalf of the County Free Library and
the San Bernardino County Flood Control District, (iii) the Cucamonga County Water District, (iv) the Foothill Fire Protection District
and (v) various school districts located within the project area. Under the terms of these agreements, the Agency has agreed that
certain Tax Revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670(b), shall be
pledged by the Agency to make certain cash payments or in lieu of contributions to each affected taxing agency. Such payments
are to be made from Tax Revenues allocated to the Agency. Pledged Tax Revenues also do not include interest income on the
various funds and accounts created by the series resolutions. Any such investment income is available to the Agency to meet
debt service payments on the bonds but is not specifically pledged therefore.
In addition to providing for the pass-through of Tax Revenue to the County Free Library and the San Bernardino County Flood
Control District, the agreement between the Agency and the County of San Bernardino also provides that Tax Revenues which
would have been allocated to the County had not the Redevelopment Plan been adopted will be fully allocated to the Agency until
fiscal year 1998-99. The agreement, however, further provides that the Agency must use such Tax Revenues for the development
of certain regional facilities, as agreed to between the County and the Agency. The Agency anticipates satisfying this regional
facilities requirement with certain previously received bond proceeds.
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 note bears interest of 9% per annum. The Agency shall pay the Developer quarterly
payments amounting to 50% of taxes derived from the imposition of the Bradley Burns Uniform Local Sales and Use Tax Law
commencing with Section 7200 of the revenue and Taxation Code of the State of California, as amended, arising from all
businesses and activities conducted on the Price Parcel. In the event that the debt service payments are insufficient to fully
discharge the principal and interest on this note with the 23 note years, then, in such event, the unpaid balance of principal and
accrued interest, if any, shall be deemed forgiven. Therefore, accrued interest is not reported on the financial statements.
40
r M r ,. ft r w M M .r ,moi )s lowso an 11" r■
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
Advances from Redevelopment Agency:
On September 16, 1987, the Rancho Cucamonga Redevelopment Agency loaned the City $4,290,000 for use in financing various
public safety and parking structures and offsite improvements. This loan was made to the General Fund and it is interest free.
This loan is payable in 20 equal annual installment payments due on the last day of each fiscal year commencing with the first
fiscal year during which the facility is fully occupied. As this loan was made to a City Capital Project Fund while the loans from
the City to the Agency are carried by the General Fund, Special Revenue and Agency funds, the accounting for these transactions
has recorded each individually rather than offsetting this loan against amounts advanced from the City. The facility was fully
occupied in fiscal year 1990-91. The City has not repaid any part of this loan.
Capital Lease Obligation:
1. The City entered into equipment lease purchase agreements with various vendors. The following is a schedule by years of future
minimum lease payments as of June 30, 1994.
Internal Long-Term Debt
Fiscal Year Service Fund Account Group
1994-95 $ 27,497 $ 98,868
1995-96 - 71,369
1996-97 71,369
1997-98 71.369
Total Minimum Lease Payments $ 27,497 $ 312,975
Less: Amount Representing Interest 1,555 35.134
Present Value of Net Minimum Lease Payments $ 25,944 $ 277,841
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
41
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
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
c. The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1994:
Outstanding Outstanding
July 1, 1993 Additions Repayments June 30, 1994
Certificates of Participation:
Public Improvement Corporation $ 1,940,000 $ $ 270,000 $ 1,670,000
Bonds:
Tax Allocation Bonds - 1990 Issue $ 107,780,000 $ $ 54,905,000 $ 52,875,000
Tax Allocation Bonds - 1994 Issue 64,460,000 64,460,000
Total Bonds $ 107.780,000 $ 64,460.000 $ 54,905,000 $ 117,335.000
Notes Payable $ 5,639,653 $ $ 383,038 $ 5,256,615
42
M ,aw (we Ms Me M an MMl M i M it M
M a so r ,= no an M M r r M ,l man M MIM
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 11: Long-Term Debt (Continued)
Outstanding Outstanding
July 1, 1993 Additions Repayments June 30, 1994
Advances from Other Funds (loans between entities):
City of Rancho Cucamonga $ 6,746,000 $ - $ 2,456,000 $ 4,290,000
Rancho Cucamonga Redevelopment Agency 12,493,196 5,353,260 5,723,006 12,123,450
Total Advances to Other Funds $ 19,239,196 $ 5.353,260 $ 8,179,006 $ 16,413,450
Obligation Under Capital Leases $ 79.505 $ 311,434 $ 113,098 $ 277,841
Accrued Employee Benefits $ 1,134,078 $ 112,808 $ $ 1,246,886
Total Long-Term Debt Account Group $ 135,812,432 $ 70,237,502 $ 63,850,142 $ 142,199,792
d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June
30, 1994:
Fiscal Year Bonds Notes Loans Total
1994-95 $ 11,040,354 $ 321,150 $ 16,413,448 $ 27,774,952
1995-96 9,132,469 321,150 962,547 10,416,166
1996-97 9,128,262 321,150 - 9,449,412
1997-98 9,121,942 1,742,400 - 10,864,342
1998-99 9,122,666 186,150 - 9,308,816
Later years 227,627,532 6,557,865 - 234,185,397
Total Debt Service $ 275,173,225 $ 9,449,865 $ 17,375,995 $ 301,999,085
Total Interest 156,168,225 4,193,250 962,545 161,324,020
Total Principal $ 119,005,000 $ 5,256,615 $ 16,413,450 $ 140,675,065
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).
43
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
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-Porterville-Colton Housing Finance Agency,
Single Family Mortgage Revenue Bonds, Series 1986 $ 17,505,000
City of Rancho Cucamonga:
Improvement Bonds, Improvement District 85-PD 5,915,000
Improvement Bonds, Assessment District No. 82-1R 5,961,249
Community Facilities District No. 84-1, 1992 Refunding
Special Tax Bonds 16,530,000
Improvement Bonds, Assessment District 84-2 1,716,794
Improvement Bonds, Assessment District 86-2 2,059,352
Improvement Bonds, Assessment District 89-1 4,780,673
Community Facilities District 93-3 4,825,000
Community Facilities District 88-2 2,920,000
Total $62,213.068
Note 13: Interfund Receivables and Payables
The individual fund interfund receivable and payable balances at June 30, 1994 are as follows:
Interfund Interfund
Due from/to other funds: Receivables Pavables
General Fund $ 5,024,262 $ 2,221,091
Special Revenue Funds:
Gas Tax 719 -
SB 325 58,637 -
Park Development - 159
Foothill Marketplace Community 152 152
Systems Development 411,385 100,534
Park Bond Act - 6,313
Measure I 24,765 -
44
'm M1� ��
M M MIM a in MM
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Interfund Interfund
Due from/to other funds: Receivables Payables
Special Revenue Funds: (Continued)
Pedestrian Grant $ 6,085 $ 78,926
Federal Aid Urban 386,137 440,284
Community Development Block Grant - 406,962
Assessment Administration - 3,010
SB 140 156,009 367,941
Sobriety Checkpoint Grant - 1,070
FETSIM Grant 40,818
SBA Tree Grant 201
Masi Commerce Center 1,952
Library Service 28,819 27,083
Metrolink - 274,729
Fire District 21,315 17,571
Debt Service Funds:
Redevelopment Agency 97,859 19,154
Capital Projects Funds:
Assessment District 84-1 1,666,663
Assessment District 86-2 25,625
Redevelopment Agency 322,755 908,861
Enterprise Fund:
Sports Complex 505,091 498,219
Internal Service Fund:
Vehicle Replacement 15,000 -
Agency Funds:
Assessment District 86-2 49,016 -
Special Deposits 688
Total $ 7,108,006 $ 7,108,006
45
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 13: Interfund Receivables and Payables (Continued)
Interfund Interfund
Advances from/to other funds: Receivables Pavables
General Fund $ 12,123,450 $
Capital Projects
Rancho Cucamonga Redevelopment Agency 4,290,000 -
Long-Term Debt Account Group:
Rancho Cucamonga Redevelopment Agency 16,413.450
Total $ 16,413,450 $ 16,413.450
Note 14: Fund Equity
a. Reservation of Fund Balance/Retained Earnings
The City has established certain fund balance/retained earnings reserve accounts to report the amounts in the following funds which
represent amounts restricted for a specified purpose or fund balances which are not available for appropriation in future periods.
1. Reserved for Advances to Other Funds:
General Fund $ 8,021,226
Capital Projects Funds:
Redevelopment Agency 4,290.000
Total Reserve for Advances to Other Funds $ 12,311,226
2. Reserved for Encumbrances:
General Fund $ 105,749
Special Revenue Funds:
SB 325 $ 202,083
Recreation 7,388
Park Development 13,739
Landscape Maintenance Districts 153,494
46
r (�
m lm (m
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Special Revenue Funds: (Continued)
Community Development Block Grant $ 32,053
Assessment Administration 6,812
Masi Commerce Center 12,564
Measure 1 77,181
Total Special Revenue Funds $ 505,314
Capital Projects Funds:
Redevelopment Agency $ 3,229,337
Total Reserve for Encumbrances $ 3,840,400
3. Reserved for Land Acquisition:
Special Revenue Funds:
Fire District $ 300,000
4. Reserved for Tree Replacement:
Special Revenue Funds:
Landscape Maintenance Districts $ 55,404
5. Reserved for Termination Pay Outs:
Special Revenue Funds:
Fire District $ 200,000
6. Reserved for Radio System:
Special Revenue Funds:
Fire District $ 80.000
7. Reserve for Land Held for Resale:
Capital Projects Funds:
Redevelopment Agency $ 10,778,871
8. Reserved for Future Fire Station:
Special Revenue Funds:
Fire District $ 973,125
47
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
9. Reserved for Safety Employee Salary Settlement:
Special Revenue Funds:
Fire District $ 553,000
10. Reserved for Capital Projects:
General Fund $ 125,880
Special Revenue Funds:
Landscape Maintenance District $ 2,719,622
Fire District 100.000
Total Special Revenue Funds $ 2,819,622
Total Reserve for Capital Projects $ 2,945,502
11. Reserved for Long-Term Loans Receivable
Capital Project Funds:
Redevelopment Agency $ 9,145,000
12. Reserved for Vehicle and Equipment Replacement:
General Fund $ 900,000
Special Revenue Funds:
Fire District 886,340
Internal Service Fund 3,560,532
Total Reserved for Vehicle and Equipment Replacement $ 5,346,872
Total Reserved $ 46,529,400
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.
48
m m r m m r
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
2. Reserve for Encumbrances
Amounts reserved for encumbrances are commitments for materials and services or purchase orders and contracts which are
unperformed.
3. Reserve for Land Acquisition
This reserve represents amounts specified by the Fire District for future fire station land acquisition.
4. Reserve for Tree Replacement
This reserve represents amounts segregated for future tree replacements in Landscape Maintenance Districts of the City.
5. Reserve for Termination Pay Outs
This reserve represents amounts segregated to aid in paying termination benefits of Fire District employees (vacation, sick, etc.).
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.
8. Reserve for Future Fire Station
This reserve represents amounts segregated by the Fire District for use in constructing a fire station.
9. Reserve for Safety Employee Salary Settlement
This reserve represents amounts segregated for future payments required for settlement of fire safety employee's salary dispute.
49
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
10. 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.
11. 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.
12. 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 $ 2,000,000
Designated for changes in economic circumstances
General Fund 7,984,903
Designation for working capital
Special Revenue Funds:
Landscape Maintenance Districts $ 3,052,175
Fire District 1,256,454 4,308,629
Designated for Continuing Projects
Capital Projects Funds:
Redevelopment Agency 61,500,619
Designation for Long-Term Employee Leave Pay Outs
General Fund 1,160,000
50
M M M M ! M i M S M = 1=1 = = M r = M
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 14: Fund Equity (Continued)
Designation for Future Computer Equipment
General Fund $ 400,000
Designation for Integrated Waste Management
General Fund 448,260
Designation for Booking Fees
General Fund 838,300
Designation for City Facilities Capital Repairs
General Fund 750,000
Designated for Debt Service
Debt Service Funds:
Public Improvement Corporation $ 291,874
Redevelopment Agency 20,435,614
Total Designated for Debt Service 20,727,488
Total $ 100,183,769
c. Opening Fund Balance Adjustments
General Fund
Restatement of prior year revenues to reflect non-refundable
revenues which were reported as deposits and not recognized
as revenues previously $ 158,446
Capital Projects - Redevelopment Agency
Restatement to reflect a deposit with the court which was
erroneously recorded as an expenditure 430,500
Total $ 588,946
51
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
IV. OTHER DISCLOSURES
Note 1S: 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, 1994. 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, 1994 is as follows:
Unaudited
Revenues $ 4,203,807
Expenses 4,246,146
Excess of Revenue Over Expenses $ 42,339
Net Decrease in Fund Balance $ 42,339
Total Assets $ 11,131,180
Total Liabilities $ 10,685,967
Total Fund Balance 445,213
Total Liabilities and Fund Balance $ 11.131.180
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.
52
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, 1994 the following balances of assets and liabilities were present:
Carrying Amount
Market Value
Total Assets $ 3,096,496
Liability to Plan Participants $ 3,096,496
IV. OTHER DISCLOSURES
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.
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
53
City of Rancho Cucamonga
Notes to Financial Statements (Continued)
Note 17: West End Communications Financing Authority (Continued)
for the Cucamonga County Water District and Ontario International Airport, who have chosen not to participate on the Board of Directors.
The Authority is a public entity separate from the agencies, and is not included in the financial statements of those entities.
The Authority issued two sets of 1991 Revenue Bonds on August 9, 1991 and in order to purchase 800MHZ Communications Equipment
which is, in turn, to be leased to the agencies. Series A was issued for $4,050,000 and the equipment acquired will be leased to the City
of Chino. Series B was issued for $5,620,000 and the equipment acquired will be leased to the Cities of Ontario and Rancho Cucamonga.
Lease payments made by the member agencies are security for the debt and will be used to retire the debt.
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 21, 1994, the Rancho Cucamonga Fire Protection District settled a salary dispute with fire safety employees in binding
arbitration. A reserve of $553,000 has been set up to account for future payments required by this settlement. See Note 6 above.
54
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CITY OF RANCHO CUCAMONGA Schedule 1
BALANCE SHEET
GENERALFUND
JUNE 30, 1994
TOTALS
A S S E T S June 30,
1994 1993
Cash and investments $ 12,385,675 $ 6,344,811
Receivables(net of allowance for uncollectibles):
Taxes 102,592 310,628
Accounts 809,207 690,579
Interest 180,306 231,444
Due from other funds 5,024,262 8,031,007
Deposits with others 346,794 -
Advances to other funds 12,123,450 9,844,872
Total Assets $ 30,972,286 $ 25,453,341
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 456,020 $ 417,142
Accrued payroll payable 180,454 347,356
Accrued employee benefits payable-current 925,637 735,645
Due to other funds 2,221,091 2,177,961
Deferred revenue 4,454,766 3,325,154
Total Liabilities 8,237,968 7,003,258
Fund Balances:
Reserves:
Reserved for encumbrances 105,749 149,597
Reserved for capital projects 125,880 6,686
Reserved for advances to other funds 8,021,226 6,836,280
Reserved for vehicle and equipment replacement 900,000 600,000
Unreserved:
Designated for self-insurance 2,000,000 1,500,000
Designated for employee leave pay outs 1,160,000 1,000,000
Designated for future computer equipment 400,000 400,000
Designated for integrated waste management 446,260 270,826
Designated for booking fees 838,300 624,898
Designated for city facilities'capital repairs 750,000 500,000
Designated for changes in economic circumstances 7,984,903 6,561,796
Undesignated
Total Fund Balances 22,734,318 18,450,083
Total Liabilities and Fund Balances $ 30,972,286 $ 25,453,341
55
CITY OF RANCHO CUCAMONGA Schedule 2
STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES
GENERALFUND
FOR THE FISCAL YEAR ENDED JUNE 30,1994
TOTALS
Year ended June 30,
1994 1993
Revenues:
Taxes $ 17,346,789 $ 11,973,111
Licenses and permits 1,586,247 1,455,537
Fines and forfeits 313,992 328,664
Use of money and property 636,983 1,033,732
Intergovernmental 4,810,236 4,830,842
Charges for services 1,263,803 1,197,983
Other 4,162,601 7,418,810
Total Revenues 30,120,651 28,238,679
Expenditures:
Current:
General government 6,104,190 5,484,379
Public safety 6,335,701 7,615,332
Engineering and public works 5,177,167 5,429,304
Community development 2,804,484 2,824,915
Community services 1,025,331 951,671
Debt service:
Principal 2,509,561 115,130
Interest and fiscal charges 6,067 15,726
Total Expenditures 25,962,501 22,436,457
Excess of Revenues over(under) Expenditures 4,158,150 5,802,222
Other Financing Sources(Uses):
Operating transfers in 41,762 28,678
Operating transfers out (74,123) (142,029)
Sale of land 1,001,280
Total Other Financing
Sources(Uses) (32,361) 887,929
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Uses $ 4,125,789 $ 6,690,151
Fund Balances:
Beginning of Fiscal Year -as previously reported $ 18,450,083 $11,759,932
Restatements 158,446
Beginning of Fiscal Year-as restated 18,608,529 11,759,932
Excess of Revenues and Other
Sources over(under) Expenditures
and Other Uses 4,1251789 6,690,151
End of Fiscal Year(Schedule 1) $ 22,734,318 $18,450,083
56
■r r� r r r �r � r � r r r � r r■ r � r �r
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, 1994
T O T A L S-Year Ended June 30,
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Revenues:
Property taxes $ 1,582,670 $ 1,860,297 $ 277,627 $ 2,395,951
Other taxes:
Property transfer tax 200,000 225,628 25,628 209,614
Transient occupancy tax 96,000 103,648 7,648 57,333
Sales and use taxes 7,330,000 7,586,849 256,849 6,592,130
Admission tax - 1,433
Franchise taxes 2,765,900 2,694,417 (71,483) 2,716,650
Utility users tax 3,429,360 4,875,950 1,446,590
Total Taxes 15,403,930 17,346,789 1,942,859 11,973,111
Licenses and permits:
Building permits 630,000 774,340 144,340 691,461
Business licenses 800,000 807,143 7,143 757,822
Other permits 14,250 4,764 (9,486) 6,254
Total Licenses and Permits 1,444,250 1,586,247 141,997 1,455,537
Fines,forfeits and penalties:
Court fines 108,500 229,656 121,156 214,871
Parking tickets and other 90,950 84,336 (6,614) 113,793
Total Fines and Forfeits 199,450 313,992 114,542 328,664
Use of money and property:
Interest income 625,000 636,983 11,983 1,033,732
Total Use of Money and Property $ 625,000 $ 636,983 $ 11,983 $ 1,033,732
57
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, 1994
T O T A L S-Year Ended June 30,
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Intergovernmental:
Cigarette tax $ - $ - $ - $ 11,758
Motor vehicle in lieu 8,072,000 4,139,279 (3,932,721) 4,047,498
Trailer coach - 1,087 1,087 -
Homeowners exemption and other subvention 20,000 43,098 23,098 83,764
Youth program reimbursements 54,540 54,653 113 28,786
FEMA grants 110,100 20,830
(89,270) 152,418
Waste management fees - 549,447 549,447 504,759
Off-highway motor vehicle 2,250 1,842
(408) 1,859
Total Intergovernmental 8,258,890 4,810,236
(3,448,654) 4,830,842
Charges for services:
Plan check fees 280,000 392,085 112,065 360,946
Planning fees 230,000 255,106 25,106 253,269
Engineering fees 434,000 435,621 1,621 473,854
Sale of materials 50,000 73,210 23,210 48,825
Other charges for services 194,900 107,781
(87,119) 61,089
Total Charges for Services 1,188,900 1,263,803 74,903 1,197,983
Other:
Cost reimbursements 3,396,970 4,157,296 760,326 7,396,250
Miscellaneous revenue 18,000 5,305 (12,695) 22,560
Total Other 3,414,970 4,162,601 747,631 7,418,810
Total Revenue $30,535,390 $30,120,651 $ (414,739) $28,238,679
58
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, 1994
T O T A L S-Year Ended June 30,
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Expenditures:
General government:
City council $ 61,590 $ 58,566 $ 3,024 $ 60,408
City manager 405,279 405,396 (117) 398,498
Public safety commission - - - 175
City clerk 229,530 219,148 10,382 257,714
Personnel overhead 639,638 248,476 391,162 139,502
General overhead 2,639,477 1,180,864 1,458,613 1,600,695
Treasurer 2,880 2,138 742 1,452
Administrative services 994,502 984,601 9,901 871,341
Finance 473,190 453,971 19,219 433,558
Business licenses 109,860 106,347 1,513 128,250
Personnel 190,671 185,849 4,822 165,859
Purchasing 143,937 143,937 167,754
Risk management 69,170 66,602 2,568 68,989
Fire District administration 116,640 81,198 35,442 100,029
Redevelopment Agency Administration 785,630 760,893 24,737 -
City facilities 1,494,564 1,233,469 261,095 1,151,040
Total General Government 8,356,558 69133,455 2,223,103 5,545,264
Public safety:
Police:
Sheriff contract services 8,443,470 8,054,466 389,004 7,385,281
Animal control 89,080 72,066 17,014 47,378
Emergency preparedness 234,010 209,169 24,841 182,981
Total Public Safety $ 8,766,560 $ 8,335,701 $ 430,859 $ 7,615,640
59
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, 1994
T O T A L S-Year Ended June 30
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Engineering and public works:
Engineering administration $ 391,310 $ 357,452 $ 33,858 $ 279,664
Development management 735,910 627,314 108,596 629,690
Traffic management 204,950 198,241 6,709 198,500
Project management 132,190 130,624 1,566 137,265
Construction management 360,435 360,405 30 340,997
Waste management 496,080 372,707 123,373 347,808
Street and park maintenance 3,069,577 2,677,765 391,812 3,010,313
Vehicle maintenance 573,900 496,508 77,392 533,744
Total Engineering and Public Works 5,964,352 5,221,016 743,336 5,477,981
Community development:
Planning commission 6,780 6,780 - 6,196
Administration 221,051 221,051 - 226,323
Planning 1,337,280 1,298,662 38,618 1,268,307
Historical preservation commission - - - 3,214
Environmental management commission - - - 75
Building and safety 1,311,800 1,285,164 26,636 1,333,159
Total Community Development 2,876,911 2,811,657 65,254 2,837,274
Community services:
Community services 1,070,060 1,049,632 20,428 978,350
Park and recreation commission 1,570 1,161 409 689
Total Community Services $ 1,071,630 $ 1,050,793 $ 20,837 $ 979,039
60
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, 1994
T O T A L S-Year Ended June 30,
1994 1993
Variance-
Favorable
Budget Actual (Unfavorable) Actual
Debt service:
Principal $ - $ 2,509,561 $ (2,509,561) $ 115,130
Interest and fiscal charges 6,067 (6,067) 15,726
Total Debt Service 2,515,628 (2,515,626) 130,856
Total Expenditures $27,036,011 $26,068,250 $ 967,761 $22,586,054
Excess of Revenues over(under) Expenditures $ 3,499,379 $ 4,052,401 $ 553,022 $ 5,652,625
Other Financing Sources(Uses):
Operating transfer in $ 62,120 $ 41,762 $ (20,358) $ 28,678
Operating transfer out (861,280) (74,123) 787,157 (142,029)
Sale of lend - 1,001,280
Total Other Financing Sources(Uses) $ (799,160) $ (32,361) $ 766,799 $ 887,929
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (Budgetary Basis) $ 2,700,219 $ 4,020,040 $ 1,319,821 $ 6,540,554
Adjustments:
To adjust for encumbrances $ - $ 105,749 $ 105,749 $ 149,597
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses(GAAP Basis) $ 2,700,219 $ 4,125,789 $ 1,425,570 $ 6,690,151
Fund Balances:
Beginning of Fiscal Year -as previously reported $18,450,083 $18,450,083 $ - $11,759,932
Restatements - 158,446 158,446
Beginning of Year-as restated 18,450,083 18,608,529 158,446 11,759,932
Excess of Revenues and Other Sources
over(under) Expenditures and Other
Uses (GAAP Basis) 2,700,219 4,125,789 1,425,570 6,690,151
End of Fiscal Year(Schedule 1) $21,150,302 $22,734,318 $ 1,584,016 $18,450,083
61
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' SPECIAL REVENUE FUNDS
Gas Tax Fund
Established to account for the revenue and disbursement of funds used for
road construction and maintenance of the City network system. The City's
share of state gasoline taxes provided the financing.
SB325 Fund
Established to account for the revenue and disbursement of funds received
by extending the statewide sales tax of 1/4 of 1 cent to motor vehicle fuel
under the Transportation Development Act.
Recreation Fund
' Established to account for the wide variety of classes, special events, and
activities sponsored by the Community Services Department.
Park Development Fund
Established to account for the residential park development fees charged
subdividers upon issuance of a building permit for development of future
park or recreational sites.
' Beautification Fund
Established to account for fees collected to provide proper landscaping and
irrigation systems after parkway and median improvements are made.
SB300 Fund
' Established to account for the revenue and disbursement of state general
funds monies for the reconstruction of existing roadways when the widening
brings the road up to generally acceptable safety standards.
Lighting Districts Fund
Established to account for the costs associated with providing street lights.
Financing is provided by special assessments levied against the benefitting
' property owners.
Landscape Maintenance Fund
' Established to account for the costs associated with providing landscape
maintenance. Financing is provided by special assessments levied against
the benefitting property owners.
Systems Development Fund '
Established to account for fees charged a subdivider for the construction and
expansion of City streets and highways which provide additional capacity and ,
safety.
Park Bond Act 1980 and 1984 Funds
Established to account for the revenue and disbursement of funds received
from the State of California for construction of parks and recreational ,
facilities.
Drainage Facilities Fund ,
Established to account for fees charged developers for purposes of defraying
the actual or estimated costs of constructing planned drainage or sewer '
facilities that are in the subdivision.
Pedestrian Grants Fund '
Established to account for the revenue and disbursement of funds received
for the construction of facilities provided for the exclusive use of pedestrians
and bicycles. '
Federal Aid Urban Fund
Established to account for the revenue and disbursement of Federal funding
for the construction of the City roadway system.
Community Development Block Grant Fund ,
Established to account for grants received from the Department of Housing '
and Urban Development. These revenues must be expended to accomplish
one of the following objectives: elimination of slum or blight. or benefit to
low and moderate income persons by providing loans and grants to owner- '
occupants and rental property owners to rehabilitate residential properties.
Assessment Administration Fund '
Established to account for the revenue and disbursement of administration
of assessment districts. '
San Sevaine/Etiwanda Drainage
Established to account for Development Impact fees collected in the San ,
Sevaine/Etiwanda Drainage Assessment District for the construction of
regional and mainline flood control projects in that district.
1
SB 140
Established to account for the revenue and disbursement of State matching
' funds for the construction of eligible street construction projects.
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 N= 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). '
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.
CITY OF RANCHO CUCAMONGA Schedule 4
Page 1 of 3
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1994
Landscape
Perk Lighting Maintenance Systems
Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development
A S S E T S
Cash and investments $2,853,892 $1,326,153 $389,232 $ - $ 772,004 $ 24,578 $ 855,431 $ 6,301,581 $ 1,765,276
Receivables(net of allowance for uncollectibles):
Taxes - - - - - - 11,585 54,097 -
Accounts 19,273 - - - - - - -
Deferred loans -
Interest - -
Grants 66,204 - - - - - - - 76,581
Liens 2,926 - - - - - - 2,054
Due from other funds 719 58,637 - - - - - 411,385
Deposits - - - 635,000 - - - -
Advances to other funds
Total Assets $2,943,014 $1,384,790 $389,232 $ 635,000 $ 772,004 $ 24,578 $ 067,016 $ 6,355,678 $ 2,255,296
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 482,871 $ 26,481 S 13,076 $ - $ - $ - $ 529 $ 362,771 $ 57,999
Accrued payroll payable 16,601 644 9.255 511 456 - 275 12,212 4,001
Due to other funds - - - 158 - - - - 100,534
Due to other governments -
Accrued employee benefits-current - - -
Deferred revenue 58.232 - - 103,935
Total Liabilities 499,472 27,125 22,331 670 58,688 804 374,983 266,469
Fund Balances:
Reserves:
Reserved for encumbrances - 202,083 7,388 13,739 - - - 153,494 -
Reserved for advances to other
funds -
Reserved for capital projects - - - - 2.719,622 -
Reserved for tree replacement - - - - - 55,404 -
Reserved for future fire station
Reserved for land acquisition
Reserved for employee leave pay outs - -
Reserved for radio system acquisition - - -
Reserved for vehicle and _
equipment replacement
Reserved for salary settlement - - -
Unreserved:
Designated for changes in economic
circumstances
Designated for unforeseen major repairs - - -
Designated for working capital - - - - - - 3,052,175 -
Undesignated 2,443,542 1,155,582 359,513 620,591 713,316 24,578 866.212 1,986,827
Total Fund Balances 2,443,542 1,357,665 366,901 634,330 713,316 24,578 866,212 5,980,695 1,988,827
Total Liabilities and Fund Balances $2,943,014 $1,384,790 $389,232 $ 635,000 $ 772,004 S 24,578 S 867,016 $ 6,355,678 $ 2,255,296
62
CITY OF RANCHO CUCAMONGA Schedule 4
COMBINING BALANCE SHEET Page 2 of 3
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1994
Community San Sevaine/ Sobriety Air
ark Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Quality 800 MHZ
ASSET S Act Facilities Grants Aid Urban Block Grant Administration Drainage S6140 Grant Improvement Radio
Cash and investments s - $ 404,460 S 90,075 $ 213,925 $ - $ 192,398 $ 817,080 $ E -
Receivables(net of allowance for uncollectibles): S 182.630 $ 2,949
Taxes
Accounts
Deferred loans 147 30,800 1,511
- - - 398 190402 218
Interest - - - - -
Grants 6,313 14,214 203,459 177,087 -
Liens - 61,808 1,070
Due from other funds - - 6,085 386,137 - 156,009
Deposits - - - _ - - _
Advances to other funds - - -Total Assets ------6,313 $ 404,460 S 110,374 S 803,521 $ 582,129 $ 192,616 $ 817,080
$ 237,984 S 1,070 $ 213,430 $ 4,460
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ 63,988 $ 28,904 $ 26,927 S 73,737 $ 18,820 $ $ - $ - E $ 1,495
Accrued payroll payable - 391 - 204 3,286 3,470 223 _
Due to other fundsgovernments
6,313 - 78,926 440,284 406,962 3,010 - 367,941 1,070
Duetoother loge benefit - - - 20,455 98,142 -
Accruedemployeebenefits-current - - - _
Deferred revenue 3,176 "
Total Liabilities 6,313 67,555 107,830 487,870 582,129 25,300 367,941 1,070 223 1,495
Fund Balances:
Reserves:
Reserved for encumbrances - - - - 32,053 6,812 -
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 and -equipment replacement - - -
Reserved for salary settlement -
Unreserved: - - - - -
Designated for changes in economic
circumstances
Designated for unforeseen major repairs
Designated for working capital - - -
Undesignated 336,905 2,544 315,651 32,053 160,504 017,080 129,977 213,207 2,965
Total Fund Balances 336,905 2,544 315,651 167,316 817,080 129,97 213,207 2,965
Total Liabilities and Fund Balances $ 6,313 $ 404,460 $ 110,374 $ 803,521 $ 582,129 S 192,616 S 817,080
$ 237,964 $ 1,070 E 213,430 E 4,460
63
CITY OF RANCHO CUCAMONGA Schedule 4
Page 3 of 3
COMBINING BALANCE SHEET
ALL SPECIAL REVENUE FUNDS
JUNE 30, 1994
Foothill South Masi TOTALS
FETSIM SBA Marketplace Etiwanda Commerce Library Fire June 30,
Grant Tree Grant Communi Drainage Center Measure) Services Metrolink District 1994 1993
A S S E T S
Cash and investments $ - $ - $ - $ 1,479 $ - $ 1,221,075 S - $ 1,594,671 $ 4,991,378 S 24,000,267 $ 19,838,118
Receivables(net of allowance for uncollectibles):
703,897 - - - , 52,304
Taxes 827
Accounts - - - - - - - 330,319 137,963 827,131131 504,479
Deterred loans - - - - - - - - 98,142 78,422
Interest - - - - - - - - 62,201 62,201 62,723
Grants 40,818 201 - - - - - - 667,755 632,506
Liens - - - - - 4,980 28,002
Due from other funds - - 152 - - 24,765 28,819 - 21,315 1,094,023 840,989
Deposits - - - - - - - - - 635,000 635,000
Advances to other funds - - 2,548,324
Total Assets $ 40,818 $ 201 $ 152 $ 1,479 $ $ 1,349,737 $ 28,819 $ 1,924,990 $ 5,212,857 $ 27,559,078 $ 25,220,867
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ - $ - $ - S 61,270 $ 52 $ 201,346 $ 370,203 $ 1,790,469 $ 773,273
Accrued payroll payable - - - - - 3,691 1,684 1,713 - 58,619 94,039
Due to other funds 40,818 201 152 1,952 - 27,083 274,729 17,571 1,767,705 4,680,004
Due to other governments - - 110.597- 476,764 476,164 478 ,672
8.877
Accrued employee benefits-current - "
Deterred revenue - - - 1,417,075 - 1,582,356 866,230
Total Liabilities 40,818 201 152 1,952 64,961 28,819 1,894,803 863,938 5,793,912 6,989,095
Fund Balances:
Reserves:
Reserved for encumbrances - - - - 12,564 77,181 - - - 505,314 668,161
Reserved for advances to other
- - - - - - - - - 2,547324
funds
Reserved for capital projects - - - - - - - - 100,000 2.819,622 2,327,192
Reserved for tree replacement - - - - - - - 55,404 52,404
Reserved for future fire station - - - - - - - - 973.125 973,125 973,125
Reserved for land acquisition - - - - - - - - 300,000 300,000 400,000
Reserved for employee leave pay outs - - - - 200,000 200,000 200,000
Reserved for radio system acquisition - - - - - - - 80,000 80.000 80,000
Reserved for vehicle and
replacement _ _ _ 686,340 886,340 1,110,150
- - 553,000 553,000
Reserved
equipmentP for salary settlement
Unreserved:
Designated for changes in economic -
236,322
circumstances - - -
Designated for unforeseen major repairs - - _ 100,000
Designated for working capital - - - 1,256,454 4,308,629 3,878,110
Undesignated - 1,479 14,516 1,207,595 30,187 171083,732 5.657,984
Total Fund Balances 1,479 1,952 1,284,776 30,187 4,348,919 21,765,166 18,231,772
Total Liabilities and Fund Balances $ 40,818 $ 201 $ 152 $ 1,479 S S 11349,737 $ 28.819 S 1,924,990 S 5,212,857 S 27,559,078 $ 25,220,867
64
CITY OF RANCHO CUCAMONGA Schedule 5
COMBINING STATEMENT OF REVENUES, EXPENDITURES Page 1 of 3
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Perk Lighting Maintenance Systems
Revenues:
Landscape
Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development
Taxes
Fines and forfeits It _ $ $ $ $ - b - $1,066,751 $4,674.057 E Use of money and property 94,726 44 411 - - -
Intergovernmental 2,004,088 - 862 23,099 171,202 p
Charges for services - - 692002 -
Development fees , - - - -
Other - 415,121 176,060 - - - 2,074,351
327 4,252 420
Total Revenues 2,098,814 44,411 692,002 415,121 176,060 862 1,090,177 4,849,511 2,074,788
Expenditures:
Current.
General government
Engineering and public works 1,851,038 86,332 �1' -
community development - 34,360 - - - 261,559
Community services - - 650,734 62,690 - 3,372,284
Public safety-fire protection - - -Capital outlay 982,444 151,217 62,288 4,000
Debt service: - - 436,152 217,356
Principal 59,537 - - 270,000
Interest and fiscal charges 11,795 123,993
Total Expenditures 2,904,814 237,549 713,022 480,683 34,360 901,290 3,808,436 478,915
Excess of Revenues over
(under) Expenditures (806,000) 193,138 21,020 (65,562) 141,700 862 188,887 1,041,075 1,595,873
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out - 65,562 1,500,000 -
Bond defeasance costs - - - - (129,719)
Debt proceeds 311,434 "
Miscellaneous - - -
Total Other Financing
Sources(Uses) 311,434 65,562 1,500,000 (129.719)
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses (494,566) (193,138) (21,020) 1,641,700 862 188,887 1,041,075 1,466,154
Fund Balances:
Beginning of Fiscal Year 2,938,108 1,550,803 387,921 634,330 (928,384) 23,716 677,325 4,939,620 522,673
End of Fiscal Year(Schedule 4) $2,443,542 $1,357,665 $ 366,901 $ 634,330 $ 713,316 $ 24,578 $ 666,212 $5,980,695 $ 1,988,827
65
ITY OF RANCHO CUCAMONGA Schedule 5
Page 2 of 3
OMBINING STATEMENT OF REVENUES,EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Community San Sevaine/ Sobriety Air
Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Ouality, 800 MHZ
Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Grant Improvement Radio
Revenues:
Taxes S - $ - S - $ - $ - $ - S - $ - $ - $ - $ -
Fines and forfeits - -
Use of money and property - - 2,545 - - 9,877 - 1.176 - 6,210 36
Intergovernmental 930 - - 298,122 656,531 - - 81,955 - 153,645
Charges tot services
Development fees - 431,005 - - - 441,433 - -
Other 280 - - 2,468
Total Revenues 930 431,005 2,545 2981402 656,531 451,310 83,131 159,855 2,504
Expenditures:
Current:
372,261
Engine - - - 92.542 -
General - - - - -
Engineering and public works - 42.547 - 51,433 - - ' 21.416
Community development - - - - 315.233 - -
Community services 930 - 2,916 - - -
Publicsafety-fire protection - _
Capital outlay - 157,290 11,298 285,612 341,298 16,595 - 385,468 -
Debt service'.
Principal -
Interest and fiscal charges
Total Expenditures 930 199,837 14,214 337,045 656,531 388,856 406,684 92,542
Excess of Revenues over
(under)Expenditures - 231,168 11,669 38,643 62,454 (323,753) 67,313 2,504
Other Financing Sources(Uses):
Operating transfers in - - 28,904 38,643 -
Operating transfers out
Bond defeasance costs
Debt proceeds
Miscellaneous 14.691
Total Other Financing
Sources(Uses) - 14,213 38,643
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses - 231,168 2,544 - - 62,454 - (323,753) 67,313 2,504
Fund Balances:
Beginning of Fiscal Year - 105,737 315,651 104,862 017,080 193,776 145,894 d61
-
End of Fiscal Year(Schedule 4) $ $ 336,905 $ 2,544 $ 315,651 S - $ 167,316 $ 817,080 S (12g,g77) S $ 213,207 $ 2,965
66
CITY OF RANCHO CUCAMONGA Schedule 5
COMBINING STATEMENT OF REVENUES, EXPENDITURES Page 3 of 3
AND CHANGES IN FUND BALANCES
LL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Foothill South Masi T 0T
A L S
FETSIM SBA Marketplace Etiwanda Commerce Library Fire ear en une 30,
Grant Tree Grant Commun' Drainage Center Measure) Services Metrolink District 1994 1993
Revenues:
Taxes $ - $ - $
Fines and forfeits - $ - $ $ $ - E - S 7,855,362 S 13,596,170 S 11,819,177
Use of money and property - 70,118 70,118 62,466
Intergovernmental 20,911 - - 48,141 30,186 189,485 621,973 779,530
Charges for services - - 797.850 - 663,304 141,849 4,819,185 5,930,167
Development fees 80,001 - - 111,719 803,721 868,027
Other _ - - - 3,617,971 2,016,608
Total Revenues
6,765 14,512 15,842
20,911 801001 845,991 693,490 8,375,298 23,543,650 21,491,817
Expenditures:
Current:
General government 93,148 10,567 3,849 28,819
Engineering and public works 20,911 - - 1,502,476 1,115,818
Community development _ - 296,110 - 68,533 - 2,734,239 2,181,032
Community services _ _ _ - - 3,687,517 3,334,935
Public safety-fire protection _ _ _ - 737,270 750,599
Capital outlay _ - - 8,309,526 8,309,526 7,839,084
Debt service: - - 746,624 - 594,770 - 4,392,412 3,169,604
Principal
Interest and fiscal charges - 329,537 24,275
135,788 94,265
Total Expenditures 20,911 93,148 10,567 3,849 1,042,734 28,819 663,303 8,309,526 21,828,765 18,509,612
Excess of Revenues over
(under) Expenditures - 13,14 10,56 3,849 (196,743) 28,819 30,187 65,772 1,714,885 2,982,205
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out _ 152 - 28,819 301 1,662,381 3,166,608
Bond defeasance costs - _ _ _ - - (301) (130,020) (392,117)
Debt proceeds - _ _ - - - (3,053,257)
Miscellaneous8 - - - 311,434
Total Other Financing 1139
�6) 801 (25,286) 187,500
Sources(Uses) - 152 11,396 28,819 801 11818,509 (91,266)
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses - - (12,995) (10,567) (15,245) (196,743) - 30,187 66,573 3,533,394 2,890,939
Fund Balances:
Beginning of Fiscal Year - 12,995 121046 130293 1,481,519 - 4,282,346 18,231,772 15,340,833
End of Fiscal Year(Schedule 4) $ E $ $ 1,479 L_U.952L E 1,284,776 $ S 30,187 E 4,348,919 E 21,765,166
$ 18,231,772
67
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 1 of 9
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
GAS TAX SB 325 RECREATION -
Variance- ariance- Variance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes S - $ - $ - $ - $ - $ - $ - $ - $
Fines and forfeits - - - - - - -Use of money and property 42,430 94,726 52,296 19,000 44,411 25,411 - - -
intergovernmental 1,655,000 2,004,088 349.088 - - - - - -
Charges for services - - - - - - 700,000 692.002 (7,998)
Development fees - - - - - - - - -
Other
Total Revenues 1,697,430 2,098,814 401,384 19,000 44,411 25,411 700,000 692,002 (7,998)
Expenditures:
Current:
General government - - - - - - - - -
Engineeringandpublicworks 1,837,905 1,851,038 (13,133) 118,880 86,332 32,548 - - -
Community development - - - - - - - -Community services - - - - - - 693,160 652,307 40,853
Public safety-fire protection - - - - - - - -Capital outlay 1,708,172 982,444 725,728 751,834 353,300 398,534 70,467 68,103 2,364
Debt service:
Principal - 59,537 (59,537) - - - - - -
Interest and fiscal charges 11,795 (11,795)
Total Expenditures 3,546,077 2,904,814 641,263 870,714 439,632 431,082 763,627 720,410 43,217
Excess of Revenues over
(under)Expenditures (1,648,647) (806,000) 1,042,647 (851,714) 3( 95.221) 456,493 (63,627) 28,408 35,219
Other Financing Sources(Uses):
Operating transfers in - - - - - - - - -
Operating transfers out - - - - - - - - -
Bond defeasance costs - - - - - - -Debt proceeds - 311,434 311,434 - - - - - -
Miscellaneous
Total Other Financing
Sources(Uses) 311,434 311,434
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (1,848,647) (494,566) 1,354,081 (851,714) (395,221) 456,493 (63,627) (28,408) 35,219
Adjustments:
To adjust for encumbrances - - 202,083 202,083 - 7,388 7,388
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (1,848,647) (494,566) 1,354,081 (851,714) (193,138) 658,576 (63,627) (21,020) 42,607
Fund Balances:
Beginning of Fiscal Year 2,938,108 2,938,706 - 1,550,803 1,550,803 - 387,921 387,921 -
End of Fiscal Year $ 1,089,461 $2,443,542 $1,354,0B1 $ 699,089 $7,357,665 $ 658,576 $ 324,294 S 366,901 $ 42,607
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, 1994
PARK DEVELOPMENT arianceBEAUTIFICATION SB 300
- Variance.
Variance:Favorable Favorable Favorable
Revenues: Budget Actual Unfavorable Budget Actual Unfavorable Budget Actual Unfavorable)
Taxes
$
Fines and forfeits S - S _ $ $ - $ S - S - E Use of money and property - - _ 70 B62 792
Intergovernmental - - _
Charges for services _ -Development fees 400,000 415,121 15,121 117,990 176,060 58,070
Other
Total Revenues 400,000 415,121 15,121 117,990 176,060 58,070 70 862 792
Expenditures:
Current:
General government -
Engineering and public works - - - 84,650 34,360 50,290
Community development _
Community services 111,140 96,429 14,711
Public safety-fire protection -
Capital outlay 4,000 4000 - _Debt service: -
Principal 270,000 270,000 -
Interest and fiscal charges 130,570 123,993 6,577
Total Expenditures 515,710 494,422 21,288 84,650 34,360 50,290
Excess of Revenues over
(under)Expenditures (115,710) (79,301) 36.409 33,340 141,700 108,360 70 862 792
Other Financing Sources(Uses):
Operating transfers in 100,780 65,562 (35,218) - 1,500,000 1,500,000 -
Operating transfers out - - _ _ -
Bond defeasance costs
Debt proceeds
Miscellaneous _
Total Other Financing
Sources(Uses) 100,760 65,562 (35,218) 1,500,000 1,500,000
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (14,930) (13,739) 1,191 33,340 1,641,700 1,608,360 70 862 792
Adjustments:
To adjust for encumbrances 13,739 13,739
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (14,930) - 14,930 33,340 1,641,700 1,608,360 70 862 792
Fund Balances:
Beginning of Fiscal Year 634,330 634,330 - (928,384) (928,384) - 23,716 23,716 -
End of Fiscal Year $ 619,400 $ 634,330 $ 14,930
1_±L5.044 $ 713,316 $1,608,360 S 23,786 E 24,578 $ 792
69
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES Page 3 of 9
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
LIGHTING DISTRICTS LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT
Variance- Variance- Variance.
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes $ 1,008,750 S 1,066,751 $ 58,001 $ 4,487,190 $4,674,057 $ 186,867 $ - $ - $ -
Fines and forfeits - - - - - - - - -
Use of money and property 20,270 23,099 2,829 89,220 171,202 81,982 6,750 17 (6,733)
Intergovernmental - - - - - - - - -
Charges for services - - - - - - - -Development fees - - - - - - 353,110 2,074,351 1,721,241
Other 327 327 3,000 4,252 1,252 420 420
Total Revenues 1,029,020 1,090,177 61,157 4,579,410 4,849,511 270,101 359,860 2,074,788 1,714,928
Expenditures:
Current:
General government 1,095,857 901,290 194,567 - - - - - -
Engineering and public works - - - - - - 262,191 261,559 632
Community development - - - 4,118,072 3,381,687 736,385 - - -
Community services - - - - - - - - -
Public safety-fire protection - - - - - - -Capital outlay - - - 1,226,344 580,243 646,101 811,845 217,356 594,489
Debt service:
Principal - - - - - - - - -
Interest and fiscal charges
Total Expenditures 1,095,857 901,290 194,567 5,344,416 3,961,930 1,382,486 1,074,036 478,915 595,121
Excess of Revenues over
(under) Expenditures (66,837) 188,887 255,724 (765,006) 887,581 1,652,587 (714,176) 1,595,873 2,310.049
Other Financing Sources(Uses):
Operating transfers in - - - - - - - - -
Operating transfers out - - - - - - (129,719) (129,719) -
Bond defeasance costs - - - - - - - - -
Debt proceeds - - - - - - - -
Miscellaneous
Total Other Financing
Sources(Uses) (129,719) (129,719)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (66,837) 188,887 255,724 (765,006) 887,581 1,652,587 (843,895) 1,466,154 2,310,049
Adjustments:
To adjust for encumbrances - 153,494 153,494 - -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (66,837) 188,887 255,724 (765,006) 1,041,075 1,806,081 (843,895) 1,466,154 2,310,049
Fund Balances:
Beginning of Fiscal Year 677,325 677,325 - 4,939,620 4,939,620 - 522,673 522,673
End of Fiscal Year S 610,486 S 866,212 $ 255,724 S 4,174,614 $5,980,695 $ 1,806,081E (321,222) E 1,988,827 $ 2,310,049
70
CITY OF RANCHO CUCAMONGA Schedule 6
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, 1994
PARK BOND ACT DRAINAGE FACILITIES PEDESTRIAN GRANTS
variance- anance-
enance-
Fevorable Favorable Favorable
Revenues: Budget Actual Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable
Taxes
$ $
Fines and forfeits _ $ - $ $ $ - $ $ $
Use of money and property - - 1,400 - (1,400) 200 2,545 2,345
Intergovernmental 12,820 930 (11,890) 8,000
Charges for services - (81000)
Development fees - - - 150,000 431,005 281,005
Other
Total Revenues 12,820 930 (11,890) 151,400 431,005 279,605 8,200 2,545 5,65
Expenditures:
Current:
General government
Engineering and public works - - 52,940 42,547 10,393
Community development - _ '
Community services 12,820 930 11,890 - - - 2,972 2,916 56
Public safety-fire protection _ - -
Capital outlay - - - 232,499 157,290 75,209 11,800 11,298 502
Debt service:
Principal
Interest and fiscal charges -
Total Expenditures 12,820 930 11,890 285,439 199,837 85,602 14,772 14,214 558
Excess of Revenues over
(under)Expenditures - (134,039) 231,168 365,207
(6,572) 11,669 5,09
Other Financing Sources(Uses):
Operating transfers in - - - - - - - 28,904 28,904
Operating transfers out
Bond defeasance costs
Debt proceeds
Miscellaneous -
(14,691) (14,691)
Total Other Financing
Sources(Uses) - 14,213 14,213
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) - - - (134,039) 231,166 365,207 (6,572) 2,544 9,116
Adjustments:
To adjust for encumbrances _ _
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) - - - (134,039) 231,168 365,207
(6,572) 2,544 9,116
Fund Balances:
Beginning of Fiscal Year - - - 105,737 105,737 -
End of Fiscal Year S - $ $ $ (28,302) $ 336,905 $ 365,207 L_16.5721 $ 2,544 $ 9,118
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, 1994
FEDERAL AID URBAN COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION
variance- variance- variance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable Budget Actual Unfavorable
Taxes $ - $ - $ - $ - $ - $ - S - $ - $ -
Fines and forfeits - - - - - - - - -
Use of money and property - - - - - - 5,960 9,877 3,917
Intergovernmental 397,890 298,122 (99,768) 851,080 656,531 (194,549) - - -
Charges for services - - - - - - - -
Development fees - - - - - - 439,410 441,433 2,023
Other 280 280
Total Revenues 397,890 298,402 (99,488) 851,080 656,537 194,549 445,370 451,370 5,940
Expenditures:
Current:
General government - - - - - - 373.610 372,701 909
Engineering and public works 52,114 51,433 681 - - - - - -
Community development - - - 482,754 315,233 167,521 - -Community services - - - - - - - - -
Publicsafery-fire protection - - - - - - - - -
Capital outlay 448,500 285,612 162,888 522,521 373,351 149,170 23,110 22,967 143
Debt service:
Principal - - - - -
Interest and fiscal charges
Total Expenditures 500,614 337,045 163,569 1,005,275 688,584 316,691 396,720 395,668 1,052
Excess of Revenues over
(under)Expenditures (102,724) (38,643) 64,081 (154,195) 32,053 1221142 48,650 55,642 6,992
Other Financing Sources(Uses):
Operating transfers in - 38,643 38,643 - - - - - -
Operating transfers out - - - - - - -
Bond defeasance costs - - - - - - -Debt proceeds - - - - -
Miscellaneous
Total Other Financing
Sources(Uses) 38,643 38,643 -
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (102,724) - 102.724 (154,195) (32,053) 122,142 48,650 55,642 6,992
Adjustments:
To adjust(or encumbrances - - 32,053 32,053 - 6,812 6,812
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (102,724) - 102,724 (154,195) - 154,195 48,650 62,454 13,804
Fund Balances:
Beginning of Fiscal Year 315,651 315,651 - - - - 104,862 104,862 -
End of Fiscal Year $ 212,927 $ 315,651 $ 102,724 $ (154,795) S $ 154,195 $ 153,512 $ 167,316 E 13,804
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, 1994
SB 140 AIR QUALITY IMPROVEMENT FETSIM GRANT
Variance- anance.
Variance-
Favorable Favorable Favorable
Revenues: Budget Actual Unfavorable Budget Actual (Unfavorable) Budget Actual Unfavorable)
Taxes $ - $ - $ - $ - $ $ $ E 8
Fines and forfeits - -
Use of money and property 1,200 1,176 (24) 3,400 6,210 2,810 -
Intergovernmental 549,980 81,955 (468,025) 135,000 153,645 18,645 22,000 20,911 (1,069)
Charges for services - _ - _
Development fees -
Other
Total Revenues 551,180 83,131 468,049 138,400 159,855 21,455 22,000 20,911 1,089
Expenditures:
Current:
General government - - - 134,547 92,542 42,005
Engineering and public works 21,669 21,416 253 - - - 20,911 20,911
Community development -
Community services
Public safety-fire protection
Capital outlay 533,960 385,468 148,512
Debt service: "
Principal
Interest and fiscal charges "
Total Expenditures 555,549 406,884 148,765 134,547 92,542 42,005 20,911 20917
Excess of Revenues over
(under)Expenditures (4,469) (323,753) (319,284) 3,853 671313 631460 1,089 11089
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out
Bond defeasance costs
Debt proceeds
Miscellaneous
Total Other Financing
Sources(Uses) _
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (4,469) (323,753) (319,284) 3,853 67,313 63,460 1,089 - (1,089)
Adjustments:
To adjust for encumbrances _
Excess of Revenues and Other Sources
over(under)Expenditures and Other -
Uses(GAAP Basis) (4,469) (323,753) (319,284) 3,853 67,313 63,460 1,089 - (1,089)
Fund Balances:
Beginning of Fiscal Year 193,776 193,776 - 145,894 145,894 -
End of Fiscal Year $ 189,307 $ (129,977) $ (319,284) $ 149,747 $ 213,207 $ 63,460 $ 1,089 $ E 1,089
73
CITY OF RANCHO CUCAMONGA Schedule 6
Page 7 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 30,1994
FOOTHILL MARKETPLACE COMMUNITY SOUTH EfIWANDA DRAINAGE MASI COMMERCE CENTER
Variance- anance- variance-
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual Unfavorable Budget Actual (Unfavorable)
Taxes $ - $ - $ - $ $ $ $ $ $ -
Fines and forfeits
Use of money and properly - - - -
intergovernmental
Charges for services
Development fees 53,000 80,1301 27,001 10,570 - (10,570) 16,420 - (16,420)
Other
Total Revenues 53,000 80,001 27,001 10,570 (10,570) 16,420 (16,420)
Expenditures:
Current:
General government 103,000 93,148 9,852 10,570 10,567 3 16,420 16,413 7
Engineering and public works - - -
Community development - - - -
Community services
Public safety-fire protection - -
Capital outlay -
Debt service: _
Principal
Interest and fiscal charges -
Total Expenditures 103,000 93,148 9,852 10,570 10,567 3 16,420 16,413 7
Excess of Revenues over
(under)Expenditures (50,000) (13,147) 36,853 (10,567) (10,567) (16,413) (16,413)
Other Financing Sources(Uses):
Operating transfers in - 152 152
Operating transfers out - - - -
Bond defeasance costs - -Debt proceeds - - -
Miscellaneous (11,396) (11,396)
-
Total Other Financing
Sources(Uses) - 152 152 - 11,396 (11,396)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (50,000) (12,995) 37,005 - (10,567) (10,567) - (27,809) (27,809)
Adjustments:
To adjust for encumbrances - - 12,564 12,564
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (50,000) (12,995) 37,005 - (10,567) (10,567) - (15,245) (15,245)
Fund Balances:
Beginning of Fiscal Year 12,995 12,995 - 12,046 12,046 - 13,293 13,293 -
End of Fiscal Year 1__n7 005L $ $ 37,005 $ 12,046 $ 1,479 $ (10,567) $ 13,293 1_11 952L $ (15,245)
74
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page a of 9
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
MEASURE I arianceanance-
LIBRARY SERVICES METROLINK
-
anance-
Favorable Favorable Favorable
Taxes
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable
Fines and forfeits $ - S S $Use of money and property 19,660 48,141 26,481 60,210 (60,210) 1,200 30,186 28,986
Intergovernmental 2,063,600 797,850 (1,265,750) 2,815,790 663,304
Charges for services - - _ - (2.152,486)
Development fees -
Other - - - - -
Total Revenues 2,083,260 8459991 (1,237,269) 60,210 60,210 2,816,990 693,490 2,123,500
Expenditures:
Current:
General government 609210 28,819 31,391
Engineering and public works 305,302 296,110 9,192 - - 95,560 68,533 27,027
Community development - -_
Community services
Public safety-fire protection -
Capital outlay 3,044,430 823,805 2,220,625 - - - 2,624,670 594,770 2,029,900
Debt service:
Principal
Interest and fiscal charges Total Expenditures 3,349,732 7119,915 2,229,817 60,210 28,819 31,391 29720,230 663,303 2,056,927
Excess of Revenues over
(under)Expenditures (1,266,472) (273,924) 992,548 28,819 28,819 96,760 30,187 (66,573)
Other Financing Sources(Uses):
Operating transfers in - - - - 28,819 28,819
Operating transfers out - - - _ _ - -
Bond defeasance costs - -Debt proceeds
Miscellaneous
Total Other Financing
Sources(Uses) - 28,819 28,819
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (1,266,472) (273,924) 992,548 - - - 96,760 30,187 (66,573)
Adjustments:
To adjust for encumbrances 77,181 77,181 _
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) (1,266,472) (196,743) 1,069,729 - - - 96,760 30,187 (66,573)
Fund Balances:
Beginning of Fiscal Year 1,481,519 1,481,519
End of Fiscal Year $ 215,047 $ 1,284,776 $ 1,069,729 S $ S - S 96,760 S 30,187 S (66.573)
75
�■ � � ,� � air � � ,� �■ � � ■� r r � ■� r �
CITY OF RANCHO CUCAMONGA Schedule 6
COMBINING SCHEDULE OF REVENUES, Page 9 of 9
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
T O T A L S-Year Ended June 30,
FIRE DISTRICT 1 9 9 4 1 9 9 3
Variance var lance-
Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual
Taxes $ 6,943,646 s77,855,362 $ 911,716 $ 12,439,566 $ 13,596,170 $ 1,156,584 $ 11,819,177
Fines and forfeits 64,237 70,118 5,881 64,237 70,118 5,881 62,466
Use of money and property 226,670 189,485 (37,185) 497,640 621,937 124,297 779,508
Intergovernmental 1,097,520 141,849 (955,671) 9,608,680 4,819,185 (4,789,495) 5,930,167
Charges for services 125,000 111,719 (13,281) 825,000 803,721 (21,279) 868,027
Development fees - - - 1,540,500 3,617,971 2,077,471 2,016,608
Other 15,097 6,765 (8,332) 18,097 12,044 (6,053) 15,842
Total Revenues 8,472,170 8,375,298 (96,872) 24,993,740 23,541,146 (1,452,594) 21,491,795
Expenditures:
Current:
General government - - - 1,794,214 1,515,480 278,734 1,154,401
Engineering and public works - - - 2,852,122 2.734,239 117,883 2,181,032
Community development - - - 4,600,826 3,696,920 903,906 3,481,629
Community services - - - 820,092 752,562 67,510 752,441
Public safety-fire protection 8,438,081 8,309,526 128,555 8,438,081 8,309,526 128,555 7,839,084
Capital outlay - - - 12,014,172 4,860,007 7,154,165 3,650,646
Debt service:
Principal - - - 270,000 329,537 (59,537) 24,275
Interest and fiscal charges 130,570 135,788 (5,218) 94,265
Total Expenditures 8,438,081 8,309,526 128,555 30,920,077 22,334,079 8,585,998 19,177,773
Excess of Revenues over
(under)Expenditures 34,089 65,772 31,683 (5,926,337) 1,207,067 7,133,404 2.314,022
Other Financing Sources(Uses):
Operating transfers in 292,500 301 (292,199) 393,260 1,662,381 1,269,101 3,166,608
Operating transfers out - (301) (301) (129,719) (130,020) (301) (392,117)
Bond defeasance costs - - - - - - (3,053,257)
Debt proceeds - - - - 311,434 311,434
Miscellaneous 801 601 (25,286) (25,286) 187,500
Total Other Financing
Sources(Uses) 292,500 801 (291,699) 263,561 1,818,509 1,554,948 (91,266)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 326,589 66,573 (260,016) (5,662,776) 3,025,576 8,688,352 2,222,756
Adjustments:
To adjust for encumbrances 505,314 505.314 668,161
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) 326,589 66,573 (260,016) (5,662,776) 3,530,890 9,193,666 2,890,917
Fund Balances:
Beginning of Fiscal Year 4,282,346 4,282,346 - 17,414,231 17,414,231 - 14,523,314
End of Fiscal Year $ 4,608,935 S 4,348,919 $ (260,016) $ 11,751,455 S 20,945,121 $ 9,193.666 $ 17,414,231
76
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' DEBT SERVICE FUNDS
Central Park Acquisition Fund
To accumulate monies for payment of $6,390,000 Certificate of
' Participation, California Cities Financing Corporation, 1988 Series B.
Financing is provided through lease revenue from the City of Rancho
Cucamonga and investment income.
' Public Improvement Corporation Fund
To accumulate monies for payment of $2,875,000 Certificate of
Participation, Rancho Cucamonga Park Improvement Corporation. Financing
is provided through lease revenue from the City of Rancho Cucamonga and
investment income.
' 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
1 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.
CITY OF RANCHO CUCAMONGA Schedule 7
COMBINING BALANCE SHEET
ALL DEBT SERVICE FUNDS
JUNE 30, 1994
Central Public TOTALS
Park Improvement Redevelopment June 30
A S S E T S Acquisition Corporation Agency 1994 1993
Cash and investments $ - $ - $ 14,544,056 $ 14,544,056 $ 16,277,668
Cash and investments with fiscal agent - 291,874 6,731,290 7,023,164 6,548,792
Receivables (net of allowance for uncollectibles):
Taxes
Other - - 293,119
' - - - 25,000
Due from other funds - - 97,859 97,859 378,027
Due from other governments - - 4,615 4,615 2,738
Deposits 25,000 25,000
Total Assets $ $ 291,874 $ 21,402,820 $ 21,694,694 $ 23,525,344
LIABILITIES AND FUND BALANCES
Llabilities:
Accounts payable $ - $ - $ 49,661 $ 49,661 $ 18
Due to other funds - - 19,154 19,154 295,318
Due to other governments 520,004 520,004 495,397
Total Liabilities - 588,819 588,819 790,733
Fund Balances:
Unreserved:
Designated for debt service - 291,874 20,435,614 20,727,488 22,734,611
Undesignated 378,387 378,387
Total Fund Balances 291,874 20,814,001 21,105,875 22,734,611
Total Liabilities and Fund Balances $ $ 291,874 $ 21,402,820 $ 21,694,694 $ 23,525,344
77
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, 1994
Central Public TOTALS
Park Improvement Redevelopment Year ended June 30,
Acquisition Corporation Agency 1994 1993
Revenues:
Taxes $ - $ - $ 20,964,805 $ 20,964,805 $ 19,674,552
Use of money and property - 3,667 397,901 401,568 540,435
Total Revenues - 3,667 21,362,706 21,366,373 20,214,987
Expenditures:
Current:
General government - - 3,923,878 3,923,878 2,260,304
Capital Outlay - - 1,434,864 1,434,864 -
Debt Service:
Principal - - 5,723,008 5,723,008 5,223,685
Interest and fiscal charges - - 5,641,484 5,641,484 7,604,400
Bond defeasance costs 649,235
Total Expenditures 16,723,234 16,723,234 15,737,624
Excess of Revenues over
(under) Expenditures 3,667 4,639,472 4,643,139 4,477,363
Other Financing Sources(Uses):
Operating transfers in - - 8,710,411 8,710,411 7,262,047
Operating transfers out - - (12,767,786) (12,767,786) (8,329,001
Debi proceeds - - 64,460,000 64,460,000 566,280
Payment on refunded bonds - - (62,171,485) (62,171,485) -
Miscellaneous (1,458) - (4,501,557) (4,503,015) (3,549,134)
Total Other Financing
Sources (Uses) (1,458) (6,270,417) (6,271,875) (4,049,808)
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses (1,458) 3,667 (1,630,945) (1,628,736) 427,555
Fund Balances:
Beginning of Fiscal Year-as previously reported 1,458 288,207 22,444,946 22,734,611 22,307,056
End of Fiscal Year(Schedule 7) $ - $ 291,874 $ 20,814,001 $ 21,105,875 $ 22,734,611
78
CITY OF RANCHO CUCAMONGA Schedulei;
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
ALL DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
T O T A L S-Year Ended June 30
REDEVELOPMENT AGENCY 1 9 9 4 1 9 9 3
Variance- Variance-
Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual
(Unfavorable) Actual
Taxes $28,025,420 $ 20,964,805 $ (7,060,615) $ 28,025,420 $ 20,964,805 $
(7,060, $ 19,674,552
Use of money and property 397,901 397,901 397,901 397,901901 540,435
Total Revenues 28,025,420 21,362,706 (6,662,714) 28,025,420 21,362,706 (6,662,714) 20,214,987
Expenditures:
Current:
General government 868,570 3,923,878 (3,055,308) 868,570 3,923,878 3,055,308 2,260,304
Capital Outlay 60 1,434,864 (1,434,804) 60 1,434,864 1,434,804 -
Debt Service:
Principal 23,035,240 5,723,008 17,312,232 23,035,240 5,723,008 (17,312,232) 5,223,685
Interest and fiscal charges 300,000 5,641,484 (5,341,484) 300,000 5,641,484 5,341,484 7,604,400
Bond defeasance costs - 649,235
Total Expenditures 24,203,870 16,723,234 7,480,636 24,203,870 16,723,234 (7,480,636) 15,737,624
Excess of Revenues over
(under) Expenditures 3,821,550 4,639,472 817,922 3,821,550 4,639,472 817,922 4,477,363
Other Financing Sources(Uses):
Operating transfers in 7,456,780 8,710,411 1,253,631 7,456,780 8,710,411 1,253,631 7,262,047
Operating transfers out (8,169,730) (12,767,786) (4,598,056) (8,169,730) (12,767,766) (4,598,056) (8,329,001
Debt proceeds - 64,460,000 64,460,000 - 64,460,000 64,460,000 566,280
Payment on refunded bands - (62,171,485) (62,171,485) (62,171,485) (62,171,485)
Miscellaneous (3,108,600) (4,501,557) (1,392,957) (3,108,600) (4,501,557) (1,392,957) (3,549,134)
Total Other Financing
Sources (Uses) (3,821,550) (6,270,417) (2,448,867) (3,821,550) (6,270,417) (2,448,667) (4,049,808)
Excess of Revenues and
Other Sources over(under)
Expenditures and Other Uses $ - $ (1,630,945) $ (1,630,945) $ - $ (1,630,945) $ (1,630,945) $ 427,555
Fund Balances:
Beginning of Fiscal Year $22,444,946 $ 22,444,946 $ $ 22,444,946 $ 22,444,946 $ $ 22,017,391
End of Fiscal Year $22,444,946 $ 20,814,001 L 630,945) $ 22,444,946 $ 20,814,001 $ (1,630,945) $ 22,444,946
79
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CAPITAL PROJECTS FUNDS
' Assessment District 82-IR Fund
' Established to account for the receipt and disbursement of funds used in the
construction of streets, storm drainage and utility improvements within the
project area. Financing was provided by the sale of bonds under the
Refunding Act of 1984 for 1915 Improvement Act Bonds.
' Assessment District 841 Fund
Established to account for the receipt and disbursement of funds used in the
construction and installation of public capital drainage facilities, together
with appurtenant work and incidental expenses, to serve and provide
' drainage protection to property located within Community Facilities District
No. 84-1 ( Day Creek Drainage System). Financing was provided by the sale
of bonds under the Mello-Roos Community Facilities Act of 1982.
' Assessment District 84-2 Fund
' Established to account for the receipt and disbursement of funds used in the
construction of certain public works of improvement, together with
appurtenances and appurtenant work, including acquisition where
' appropriate, in Special Assessment District No. 84-2 (Alta Loma Channel
Improvement). Financing was provided by sale of bonds under the
Improvement Bond Act of 1915.
Assessment District 86-2 Fund
' Established to account for the receipt and disbursement of funds used in
construction and acquisition of drainage improvements together with
appurtenances and appurtenant work, acquisition of real property, if
necessary, and incidental expenses within the Assessment District No. 86-2.
Financing was provided by the sale of limited obligation bonds under the
Improvement Bond Act of 1915.
' Assessment District 85-PD Fund
Established to account for the receipt and disbursement of funds used in the
' construction of two public parks: Heritage and Red Hill Community Parks
within the Parks and Recreation Improvement District No. 85-PD.
Financing was provided by the sale of bonds under the Improvement Bond
' Act of 1915.
Assessment District 89-1 Fund
' Established to account for the receipt and disbursement of funds used in the
construction within the Assessment District 89-1.
' 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, 1994
TOTALS
Assessment Districts Redevelopment June 30,
ASSETS 82-1 R 84-1 84-2 86-2 89-1 Agency 1 9 9 4 1 9 9 3
Cash and investments $ 217,082 $ 2,245,566 $ 28,089 $327,526 $ 143,556 $ 63,725,452 $ 66,687,271 $ 70,926,275
Investment-land held for resale - - - - - 10,778,871 10,778,871 10,924,968
Receivables(net of allowance for uncollectible):
Taxes - - - - 73,280
Accounts - - - - - 1,161 1,161 79,499
Interest - 3,882 - - 74 345,161 349,117 164,950
Loan
Due from other funds - - 9,145,000 9,145,000 506,500
Deposits - _ _ _ 322,755 322,755 242,384
Advances to other funds 1,898,330 1,898,330 1,140,852
4,290,000 4,290,000 6,846,000
Total Assets $ 217,082 $ 2,249,448 $ 28,089 $327,526 $ 143,630 $ 90,506,730 $ 93,472,505 $ 90,904,708
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ - $ - $ - $ - $ - $ 1,025,329 $ 1,025,329 $ 648,670
Accrued payroll payable 2 - 2 2 - - 6 3,221
Deposits - 3,864 - - 7,100 10,964 3,864
Due to other funds - 1,666,663 - 25,625 - 908,861 2,601,149 2,048,024
Due to other governments
198,812
Total Liabilities 2 1,666,663 3,866 25,627 119411290 3,637,448 2,902,591
Fund Balances:
Reserved for encumbrances - - - - - 3,229,337 3,229,337 2,568,297
Reserved for advances to other funds - - - - - 4,290,000 4,290,000 6,846,000
Reserved for long-term loans - - - - - 9,145,000 9,145,000 -
Reserved for land held for resale - - - - - 10,778,871 10,778,871 10,924,968
Unreserved:
Designated for continuing projects - - - - - 61,500,619 61,500,619 66,558,172
Undesignated 217,080 582,785 24,223 301,899 143,630 (378,387) 891,230 1,104,680
Total Fund Balances 217,060 582,785 24,223 301,899 143,630 88,565,440 89,835,057 88,002,117
Total Liabilities and Fund Balances $ 217,082 $ 2,249,448 $ 28,089 $327,526 $ 143,630 $ 90,506,730 $ 93,472,505 $ 90,904,708
80
CITY OF RANCHO CUCAMONGA Schedule t1
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
TOTALS
Assessment Districts Redevelopment Year ended June 30,
Revenues: 82-1 R 84-1 84-2 86-2 89-1 Agency 1 9 9 4 1 9 9 3
Taxes $ - $ - $ - $ - $ - $ 4,744,152 $ 4,744,152 $ 4,918,638
Use of money and property 7,928 118,643 1,149 11,237 7,784 3,076,515 3,223,256 4,545,890
Intergovernmental 280,148
Total Revenues 7,928 118,643 1,149 11,237 7,784 7,820,667 7,967,408 9,744,676
Expenditures:
Current:
General government - - - - 2,584,844 2,584,844 4,084,009
Engineering and public works 65,716 - 39,873 5,757 - 68,601 179,947 179,028
Community development - - - - - - -
Capital outlay - - - - - 9,388,816 9,388,816 21,019,187
Debt service:
Principal - - - - - - - -
Interest and fiscal charges - 1,528,630 1,528,630 1,476,692
Total Expenditures 65,716 39,873 5,757 13,570,891 13,682,237 26,758,916
Excess of Revenues over
(under) Expenditures (57,788) 118,643 38,724 5,480 7,784 (5,750,224) (5,714,829) (17,014,240)
Other Financing Sources(Uses):
Operating transfers in - - - - - 5,357,375 5,357,375 14,890,071
Operating transfers out - - - - - (2,800,000) (2,800,000) (16,484,257)
Gain on sale of land held - - - - - 140,853 140,853 -
Debt proceeds - - - - - 5,353,260 5,353,260 8,742,402
Contributions to other funds - - - - - - (45,025)
Miscellaneous - (934,219) (934,219) (1,257,689)
Total Other Financing
Sources (Uses) - - 7,117,269 7,117,269 5,845,502
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses $ (57,788) $ 118,643 12L724L $ 5,480 $ 7,784 $ 1,367,045 $ 1,402,440 $ (11,168,738)
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ 274,868 $ 464,142 $ 62,947 $ 296,419 $ 135,646 $ 86,767,895 $ 88,002,117 $ 99,170,855
Restatements - 430,500 430,500
Beginning of Fiscal Year-as restated 274,868 464,142 62,947 296,419 135,846 87,198,395 88,432,617 99,170,855
Excess of Revenues and Other
Sources over(under) Expendi-
tures and Other Uses (57,788) 118,643 (38724) 5,480 7,784 1,367,045 1,402,440 (11,168,738)
End of Fiscal Year(Schedule 10) $ 217,080 $ 582,785 $ 24,223 $ 301,899 $ 143,630 $ 88,565,440 $ 89,835,057 $ 88,002,117
81
CITY OF RANCHO CUCAMONGA Schedule 12
COMBINING SCHEDULE OF REVENUES Page 7 of 3
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30,1994
ASSESSMENT DISTRICT 82.1 R ASSESSMENT DISTRICT 84-1 ASSESSMENT DISTRICT 84-2
Variance- arlance-
eri
Favorable Favorable Favorable
Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable
Taxes $ - $ - $ - $ - -s7-- $ - $ - $ $
Use of money and property 12,690 7,928 (4,762) 52,000 118,643 66,643 870 1,149 279'
Intergovernmental
Total Revenues 12,690 7,928 4,762 52,000 118,643 66,643 870 1,149 279
Expenditures:
Current:
General government
Engineering and public works 156,892 65,716 91,176 - -
Capital outlay - - 41,391 39,673 1,578
Debt service: - -
Principal
Interest and fiscal charges -
Total Expenditures 156,892 65,716 91,176 41,391 39,873 1,518
Excess of Revenues over
(under)Expenditures (144,202) (57,788) 86,414 52,000 118,643 66,643 (40,521) (38,724) 1,797
Other Financing Sources(Uses):
Operating transfers in
Operating transfers out
Debt proceeds -
Gain on sale of land held - - - -
Contributions to other funds
Miscellaneous - -
Total Other Financing
Sources(Uses)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (144,202) (57,788) 86,414 52,000 118,643 66,643
(40s21) (3e,724) 1a97
Adjustments:
To adjust for encumbrances _
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) $ 144,202 S 57,788 S 86,414 $ 52,000 $ 778,643 S 66,643 $ (40,521) $ (36,724) $ 1,797
Fund Balances:
Beginning of Fiscal Year-as previously
reported S 274,868 $ 274,868 S - $ 464,142 S 464,142 $ - $ 62,947 $ 62,947 $ -
Restatements
Beginning of Fiscal Year-as restated 274,868 274,868 - 464,142 464,142 - 62,947 62,947 -
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses14( 4,202) (57,788) 661414 52,000 118,643 66,643 (40,521) (38,724) 1,797
End of Fiscal Year S 130,666 $ 217,080 $ 86,414 $ 516,142 S 582,785 $ 66,643 $ 22,426 $ 24,223 $ 1,797
82
CITY OF RANCHO CUCAMONGA Schedule 12
COMBINING SCHEDULE OF REVENUES Page 2 of 3
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
ASSESSMENT DISTRICT 86-2 ASSESSMENT DISTRICT 89.1 REDEVELOPMENT AGENCY
Variance- variance- Variance-
Favorable Favorable Favorable
Revenues: Budget Actual {Unfavorable) Budget Actual (Unfavorable Budget Actual
{Unfavorable)
Taxes $ - S - S - $ - $ - $ - $ 7,303,800 $ 4,744,152 $ (2,559,648)
Use of money and property 4,000 11,237 7,237 3,300 7,784 4,484 - 3,076,515 3,076,515
Intergovernmental
Total Revenues 4,000 11,237 7,237 3,300 7,784 4,484 7,303,800 7,820,667 516,867
Expenditures: -
Current:
General government - - - - - 2,349,680 2,783,946 (434,266
Engineering and public works 35,280 5,757 29,523 - - - 8.448,667 68,601 8,380,066
Capital outlay - - - - - - 12,150,755 12,419,051 (268,296)
Debt service: - - -
Principal - - - - - - 3,816,750 - 3,816,750
Interest and fiscal charges 135,000 1,528,630 (1,393,630)
Total Expenditures 35,280 5,757 29,523 26,900,852 16,800,228 10,100,624
Excess of Revenues over
(under)Expenditures (31,280) 5,480 36,760 3,300 7,784 4,484 _ (19,597,052) (8,979,561) 10,617,491
Other Financing Sources(Uses):
Operating transfers in - - - - - - 10,000 5,357,375 5,347,375
Operating transfers out - - - - - - (1,371,810
(2,800,000) (1,428,190)
Debt proceeds - - - - - - 23,110,820 5,353,260 (77,757,560)
Gain on sale of land held - - - - - - - 140,853 140,853
Contributions to other funds - - - - - - - -
Miscellaneous (934,219
(934,219)
Total Other Financing
Sources(Uses) 21,749,010 7,117,269 (14,631,741)
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) (31,280) 5,480 36.760 3,300 7,784 4,484 2,151.958 (1,862,292) (4,014,250)
Adjustments:
To adjust for encumbrances 3,229,337 3,229,337
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GAAP Basis) S (31,280) $ 5,480 $ 36,760 $ 3,300 $ 7,764 S 4,484 $ 2,151,958 $ 1,367,045 I_(784.913)
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ 296.419 $ 296,419 $ - S 135,846 $ 135,846 $ - $ 86,767,895 $ 86,767,895 $ -
Restatements 430,500 430,500
Beginning of Fiscal Year-as restated 296,419 296,419 - 135,846 135,846 - 86,767,895 87,198,395 430,500
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses (31,280) 5,480 36,760 3,300 7,784 4,484 2,151,958 1,367,045 (784,913)
End of Fiscal Year S 265,139 $ 301,699 $ 36,760 $ 139,146 S 143,630 $ 4,484 $ 88,919,853 $ 88,565,440 $ (354,413)
83
CITY OF RANCHO CUCAMONGA Schedule 12
COMBINING SCHEDULE OF REVENUES Page 3 0f 3
EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL(BUDGETARY BASIS)
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
T 0 T A L S-Year Ended June 30,
1994 1993
arlance-
Favorable
Revenues: Budget Actual (Unfavorable) Actual
Taxes $ 7,303,800 $ 4,744,152 $ (2,559,648) $ 4,918,638
Use of money and property 72,860 3,223,256 3,150,396 4,545,890
Intergovernmental 280,148
Total Revenues 7,376,660 7,967,408 590,748 9,744,676
Expenditures:
Current:
General government 2.349,680 2,783,946 (434,266) 4,386,015
Engineering and public works 8,662,230 179,947 8,502,283 179,028
Capital outlay 12,150,755 12,419,051 (268,296) 23.285,478
Debt service:
Principal 3,816,750 - 3,816,750 -
Interest and fiscal charges 135,000 1,528,630 (1,393,630) 1,476,692
Total Expenditures 27,134,415 16,911,574 106222,841 29,327,213
Excess of Revenues over
(under)Expenditures (19,757,755) (8,944,166) 10,813,589 (19,582.537)
Other Financing Sources(Uses):
Operating transfers in - 5,357,375 5,357,375 14,890,071
Operating transfers out (1,371,810) (2,800,000) (1,428,190) (16,484,257)
Debt proceeds 23,110,820 5,353,260 (17,757,560) -
Gain on sale of land held - 140,853 140,853 8.742,402
Contributions to other funds - - - (45,025)
Miscellaneous (934,218
(934,219) (1,257,689)
Total Other Financing
Sources(Uses) 21,739,010 7,117,269 (14,621,741) 5,845,502
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(Budgetary Basis) 1,981,255 (1,826,897) (3,808,152) (13,737,035)
Adjustments:
To adjust for encumbrances 3,229,337 3,229,337 2,568,297
Excess of Revenues and Other Sources
over(under)Expenditures and Other
Uses(GMP Basis) $ 1,981,255 $ 1,402,440 E (578,815) E (11,168,738)
Fund Balances:
Beginning of Fiscal Year-as previously
reported $ 88,002,117 $ 88,002,117 $ - $ 99,170,855
Restatements 430,500 430,500
Beginning of Fiscal Year-as restated 886002,117 88,432,617 430,500 99,170,855
Excess of Revenues and Other
Sources over(under)Expenditures
and Other Uses 1,981,255 1,402,440 (578,815) (11,168,738)
End of Fiscal Year $ 89,983,372 $ 89,835,057 $ (148,315) E 88,002,117
84
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AGENCY FUNDS
Special Deposits Fund
Established to account for all deposits held by the City in its fiduciary
capacity.
' Deferred Compensation Fund
' Established to account for employee-deferred earnings restricted to be paid
at a later date to said employee upon termination or retirement from the
City of Rancho Cucamonga.
Assessment District 82-IR Fund
' Established to account for assessments received under the Refunding Act of
1984 for 1915 Improvement Act Bonds. Assessments received are
restricted for payment of principal, interest, and penalties thereon, upon
' presentation of proper coupons.
Assessment District 841 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 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.
CITY OF RANCHO CUCAMONGA Schedule 13
COMBINING BALANCE SHEET
ALLAGENCYFUNDS
JUNE 30, 1994
TOTALS
Special Deferred Assessment Districts June 30,
A S S E T S Deposits Compensation 82-1 R 84-1 84-2 86-2 85-PD 68-2 89-1 1 9 9 4 1 9 9 3
Cash and investments $ - $ 3,096,496 $ 1,485,338 $ 1,389,202 $ 394,009 $ 427,980 $1,447,783 $2,377,099 $ 915,531 $11,533,438 $ 6,714,608
Restricted cash 6,636,844 - - - - - - - - 6,636,844 6,890,428
Receivables (net of allowance for uncollectibles):
Accounts 19,682 - - - - - - - 19,682 -
Interest - - - - - - - - - - 12,688
Taxes - - 616 8,995 9,703 2,112 24,378 55,822 - 101,626 55,371
Due from other funds 49,016 - 49,016 49,016
Total Assets $ 6,656,526 $ 3,096,496 $ 1,485,954 $ 1,398,197 $ 403,712 $ 479,108 $1,472,161 $2,432,921 $ 915,531 $18,340,606 $15,722,111
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 109,770 $ - $ - $ - $ - $ - $ 16,173 $ 12,117 $ $ 138,060 $ 168,200
Accrued payroll payable - - - - - - 3,580 - - 3,580 9,536
Deposits 6,546,068 - - - - - - - 6,546,068 6,866,350
Due to other funds 688 - - - - - - 688 358,652
Deferred compensation payable - 3,096,496 - - - - - - - 3,096,496 2,582,260
Bond indenture reserve requirement - - 476,900 - 171,679 205,934 125,000 - 478,067 1,457,580 1,457,580
Payable to trustee 1,009,054 1,398,197 232,033 273,174 1,327,408 2,420,604 437,464 7,098,134 4,279,533
Total Liabilities $ 6,656,526 $ 3,096,496 $ 1,485,954 $ 1,398,197 $ 403,712 $ 479,108 $1,472,161 $2,432,921 $ 915,531 L18,340,606 $15,722,111
85
CITY OF RANCHO CUCAMONGA Schedule 14
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 1 of 3
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Balance Balance
July 1,1993 Additions Deletions June 30,1994
SPECIAL DEPOSITS
Assets:
Restricted cash $ 6,890,428 $ 270,704 $ 524,288 $ 6,636,844
Accounts receivable 19,682 19,682
Total Assets $ 6,890,428 $ 290,386 $ 524,288 $ 6,656,526
Liabilities:
Accounts payable $ 24,078 $ 109,770 $ 24,078 $ 109,770
Deposits 6,866,350 308,284 628,566 6,546,068
Due to other funds 688 688
Total Liabilities $ 6,890,428 $ 418,742 $ 652,644 $ 6,656,526
DEFERRED COMPENSATION
Assets:
Cash and investments $ 2,582,260 $ 514,236 $ $ 3,096,496
Liabilities:
Deferred compensation payable $ 2,582,260 $ 514,236 $ $ 3,096,496
ASSESSMENT DISTRICT 82-1R
Assets:
Cash and investments $ 1,299,983 $ 765,230 $ 579,875 $ 1,485,338
Taxes receivable 12,160 616 12,160 616
Total Assets $ 1,312,143 $ 765,846 L 592,035 $ 1,485,954
Liabilities:
Bond indenture reserve requirement $ 476,900 $ - $ $ 476,900
Payable to trustee 835,243 752,493 578,682 1,009,054
Total Liabilities $ 1,312,143 $ 752,493 $ 578,682 $ 1,485,954
ASSESSMENT DISTRICT 84-1
Assets:
Cash and investments $ 1,324,511 $ 1,865,017 $ 1,800,326 $ 1,389,202
Taxes receivable 8,995 8,995
Total Assets $ 1,324,511 $ 1,874,012 L1.800,326 $ 1,398,197
Liabilities:
Payable to trustee $ 1,324,511 $ 1,873,338 $ 1,799,652 $ 1,398,197
Total Liabilities $ 1,324,511 $ 1,873,338 $ 1,799,652 $ 1,398,197
86
CITY OF RANCHO CUCAMONGA Schedule 14
Page 2 of 3
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Balance Balance
July 1,1993 Additions Deletions June 30,1994
ASSESSMENT DISTRICT 84-2
Assets:
Cash and investments $ 336,854 $ 241,805 $ 184,650 $ 394,009
Taxes receivable 17,001 9,703 17,001 9,703
Total Assets $ 353,855 $ 251,508 $ 201,651 $ 403,712
Liabilities:
Bond indenture reserve requirement $ 171,679 $ - $ - $ 171,679
Payable to trustee 182,176 251,070 201,213 232,033
Total Liabilities $ 353,855 $ 251,070 $ 201,213 $ 403,712
ASSESSMENT DISTRICT 86-2
Assets:
Cash and investments $ 399,238 $ 217,136 $ 188,394 $ 427,980
Taxes receivable 2,027 2,112 2,027 2,112
Due from other funds 49,016 49,016
Total Assets $ 450,281 $ 219,248 $ 190,421 $ 479,108
Liabilities:
Bond indenture reserve requirement $ 205,934 $ - $ - $ 205,934
Payable to trustee 244,347 218,901 190,074 273,174
Total Liabilities $ 450,281 $ 218,901 $ 190,074 $ 479,108
ASSESSMENT DISTRICT 85-PD
Assets:
Cash and investments $ 977,628 $ 1,766,649 $ 1,296,494 $ 1,447,783
Taxes receivable 21,269 24,378 21,269 24,378
Total Assets $ 998,897 $ 1,791,027 $ 1,317,763 $ 1,472,161
Liabilities:
Accounts payable $ 144,122 $ 16,312 $ 144,261 $ 16,173
Accrued payroll payable 9,536 3,580 9,536 3,580
Bond indenture reserve requirement 125,000 - 125,000
Payable to trustee 720,239 1,789,805 1,182,636 1,327,408
Total Liabilities $ 998,897 $ 1,809,697 $ 1,336,433 $ 1,472,161
67
CITY OF RANCHO CUCAMONGA Schedule 14
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Page 3 of 3
ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 1994
Balance Balance
ASSESSMENT DISTRICT 88-2 July 1, 1993 Additions Deletions June 30,1994
Assets:
Cash and investments $ 948,755 $ 4,891,510 $ 3,463,166 $ 2,377,099
Taxes receivable 2,914 55,822 2,914 55,822
Total Assets $ 951,669 $ 4,947,332 $ 3,466,080 $ 2,432,921
Liabilities:
Accounts payable $ $ 12,117 $ $ 12.117
Due to other funds 358,652 - 358,652
Payable to trustee 593,017 4,573,713 2,745,926 2,420,804
Total Liabilities $ 951,669 $ 4,585,830 $ 3,104,578 $ 2,432,921
ASSESSMENT DISTRICT 89-1
Assets:
Cash and investments $ 845,379 $ 567,644 $ 497,492 $ 915,531
Interest receivable 12,688 12,688
Total Assets $ 858,067 $ 567,644 $ 510,160 $ 915,531
Liabilities:
Bond indenture reserve requirement $ 478,067 $ - $ - $ 478,067
Payable to trustee 380,000 554,226 496,762 437,464
Total Liabilities $ 858,067 $ 554,226 $ 496,762 $ 915,531
TOTALS-ALL AGENCY FUNDS
Assets:
Cash and investments $ 8,714,608 $ 10,829,227 $ 8,010,397 $ 11,533,438
Restricted cash 6,890,428 270,704 524,288 6,636,844
Accounts receivable - 19,682 19,682
Interest receivable 12,688 - 12,688 -
Taxes receivable 55,371 101,626 55,371 101,626
Due from other funds 49,016
49,016
Total Assets $ 15,722,111 $ 11,221,239 $ 8,602,744 $ 18,340,606
Liabilities:
Accounts payable $ 168,200 $ 138,199 $ 168,339 $ 138,060
Accrued payroll payable 9,536 31580 9,536 3,560
Deposits 6,866,350 308,284 628,566 6,546,068
Due to other funds 358,652 688 358,652 688
Deferred compensation payable 2,582,260 514,236 3,096,496
Bond indenture reserve requirement 1,457,580 - - 1,457,580
Payable to trustee 4,279,533 10,013,546 7,194,945 7,098,134
Total Liabilities $ 15,722,111 $ 10,978,533 $ 8,360,038 $ 18,340,606
88
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CITY OF RANCHO CUCAMONGA Schedule 15
STATEMENT OF GENERAL FIXED ASSETS
JUNE 30, 1994
TOTALS
1994 1993
General Fixed Assets:
Land $ 39,659,984 $ 43,470,256
Building improvements 70,487,807 45,066,816
Improvements other than buildings 55,711 55,711
Equipment and vehicles 11,240,516 9,850,703
Furniture and fixtures 3,106,921 3,107,170
Construction in progress 2,737,300 23,804,611
Total General Fixed Assets $127,288,239 $125,355,267
Investment In General Fixed Assets $ 127,288,239 $125,355,267
89
CITY OF RANCHO CUCAMONGA Schedule 16
SCHEDULE OF GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
JUNE 30, 1994
Improvements Equipment Furniture
Buildings other than and and
Function and Activliy Land Improvements Buildings Vehicles Fixtures Total
General Government:
City manager $ - $ - $ - $ 22,746 $ 619 $ 23,365
Personnel - - - 9,182 2,214 11,396
City clerk - - - 80,659 9,098 89,757
Administrative services 4,457,015 25,334,593 - 299,176 8,709 30,099,493
Planning - - _
Building and safety - 1 6,467 199,279
- 1227,5147,514 4,266 131,780
General city facilities 2,396,152 16,595,893 793,833 102,324 19,888,202
Assessment administration 31,774 479,754 710 512,238
Total 6,853,167 41,962,260 2,005,656 134,427 50,955,510
Public Safety 352,035 7,790 359,825
Engineering and Public Works 454,402 844,871 2,812,019 7,960 4,119,252
Community Services 22,137,440 8,002,893 203,343 282,574 30,626,250
Community Redevelopment 10,199,463 18,844,536 55,711 3,120,291 2,674,170 34,894,171
Fire Protection 15,512 833,247 - 2,747,172 3,595,931
Total General Fixed Assets
Allocated to Functions $ 39,659,984 $ 70,487,807 $ 55,711 $ 11,240,516 $ 3,106,921 124,550,939
Construction in Progress 2,737,300
Total
$ 127,288,239
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, 1994
Restated
Balance Balance Balance
Function and Activity July 1,1993 Restatements July 1,1993 Additions Deletions June 30,1994
General Government:
City manager $ 21,710 $ - $ 21,710 $ 1,655 $ - $ 23,365
Personnel 11,396 - 11,396 - - 11,396
City clerk 89,757 - 89,757 - - 89,757
Administrative services 300,280 - 300,280 29,799,213 - 30,099,493
Planning 193,200 - 193,200 6,079 - 199,279
Building and safety 155,100 - 155,100 - 23,320 131,780
General city facilities 10,042,765 - 10,042,765 9,849,391 3,954 19,888,202
Assessment administration 429,003 429,003 83,235 - 512,238
Total General Government 11,243,211 11,243,211 39,739,573 27,274 50,955,510
Public Safety 281,356 281,356 78,469 - 359,825
Engineering and Public Works 3,756,864 3,756,864 398,499 36,111 4,119,252
Community Services 36,991,247 (6,905,500) 30,085,747 541,443 940 30,626,250
Community Redevelopment 46,129,830 - 46,129,830 2,987,791 14,223,450 34,894,171
Fire Protection 3,148,148 3,148,148 463,378 15,595 3,595,931
Total General Fixed Assets
Allocated to Functions 101,550,656 (6,905,500) 94,645,156 44,209,153 14,303,370 124,550,939
Construction In Progress 23,804,611 23,804,611 4,281,666 25,348,977 2,737,300
Total $ 125,355,267 $(6,905,500) $118,449,767 $ 48,490,819 $ 39,652,347 $ 127,288,239
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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 Goverment Safety Public Works Development Services Fire Protection Service Outlay Total
1984-85 2,257,929 3,417,999 7,882,070 495,120 - 3,177,404 393,882 17,624,404
1985-86 3,994,845 4,140,150 15,071,893 1,831,248 - 3,038,650 31,898 28,108.684
1986-87 3,437,497 4,311,304 - 13,755,081 2,514,684 - 6,065,219 8,557,666 38,641,451
1987-88 5,496,299 6,855,023 3,988,871131 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
(1) Includes all governmental fund types-General, Special Revenue, Debt Service and Capital Projects
(2) The data presented represents all City activities for which the City Council has oversight responsibilities with the exception of the Rancho
Cucamonga Fire District which became a component unit July 1, 1989, and for which only 1988-89 and the subsequent year's data was available.
(3) Expenditures for the fiscal year 1987-88 and prior are functionally classified as presented In the financial statements for those years. Expenditures for
fiscal year 1987-88 and later are classified differently to show more details as presented in the financial statements.
Source: Annual Audit Report
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
1984-85 6,814,554 3,328,761 4,108,452 4,459,816 1,888,460 147,100 - 134,498 20,881,641
1985-86 12,326,906 3,833,519 3,891,343 2,372,990 3,735,938 147,743 7,085,930[3) 485,614 33,879,983
1986-87 16,877,008 3,388,450 2,790,180 3,141,610 5,905,621 184,847 5,243,109 90,135 37,620,960
1987-88 21,503,933 2,548,542 5,336,914 3,656,466 5,845,097 256,861 9,245,745 4,210,878 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
(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) Classiiled as Charges for Services prior to fiscal year 1985-86.
Source: Annual Audit Report
93
M = M r M M M M W M M M r M M M M M
EXHIBIT 3
CITY OF RANCHO CUCAMONGA
ASSESSED VALUATION OF ALL CITY PROPERTY
Last Ten Fiscal Years
Fiscal Secured Public Total Unsecured FullCash Property Homeowners Business Net Taxable
Year Property Utility Secured Property Total Value Expemtions Exemption Invent Exmpt Value
1984-85 1,598,947,266 208,023,560 1,806,970,826 112,420,166 1,919,390,992 1,919,390,992 9,586,512 85,013,309 - 1,824,791,171
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 3,763,041,816 376,041,816 - (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 - (1) 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 - (1) 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 - (1) 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 - (1) 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 - (1) 135,308,108 - 6,938,253,071
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 Tax Total Tax Percent of Levy
Year Levy Collection Collected
1984-85 931,859 942,701 101
1985-86 1,007.000 943,700 94
1986-87 1,106,392 1,148,006 103
1987-88 1,280,269 1,383,181 108
1988-89 1,333.498 1,399,699 105
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
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. Tag Rate Tax Rate Tax Rate
1984-85 0.0539 1.000 .0121 .0174 .0099 .0493 1.1426
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 .0493 1.1130
1993-94 0.0404 1.000 .0215 .0089 .0024 .0403 1.1135
Assessed valuation of property is stated at 100% of market value.
Source: County of San Bernardino Auditor-Controller
96
EXHD3IT 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.
1984-85 - - - -
1985-86 [1) 2,796,594 2,770,682 99.07% 25,912
1986-87 3,393,052 3,393,052 100.00% -
1987-88 3,575,299 3,451,700 96.54% 123,599
1988-89 3,304,823 3,216,001 97.31% 88,822
1989-90 3,619,774 3,599,088 99.43% 20,686
1990-91 3,565,936 3,520,912 98.74% 45,024
1991-92 4,341,957 4,270,529 98.35% 71,428
1992-93 4,293,316 4,237,963 98.71% 55,353
1993-94 5,983,111 5,881,485 98.30% 101,626
(1) Formation of Special Assessment Districts
Source: Finance Division, Resource Center
97
CITY OF RANCHO CUCAMONGA
Special Assessment Collections
� r
Assmts. As9mis. -;-t Total
Callt i `' Assessments
98%8% Outstanding
% } $5,983,111
-F
FISCAL YEAR 1993/94
EXHIBIT 7
CITY OF RANCHO CUCAMONGA
DIRECT AND OVERLAPPING BONDED DEBT
1993-94 Assessed Valuation: $7.073.561.179
DIRECT AND OVERLAPPING BONDED DEBT: %Applicable Debt 6/30/94
San Bernardino Co. Building Authorities 7.721 % $46,693,906
San Bernardino Co. Free Library Authoority 10.548 30,062
Metropolitan Water District 0.557 3,607,968
Chino Basin Mun. Water Dist. Certs. of Participation 18.575 4,632,605
Chino Basin Mun.Water Dist. Authority 18.575 157,888 Direct Debt 0.09%
Chaffey Jt. Union H.S. Dist.-Certs of Participation 37.971 2,378,883 Total Gross Debt 3.44%
Alta Loma School District 98.481 8,828,822 Total Net 3.44°x6
Central School District 97.900 25,145,615
Cucamonga School District& C.O.P. 74.392 & 39.851 6,934.616
Cucamonga County Water District 89.102 570,253 SHARE OF AUTHORIZED AND UNSOLD BONDS:
Cucamonga County Water District, I.D. #1963-1 94.087 155,244 Metropolitan Water District -0-
Cucamonga County Water District, I.D. #5 95.364 3,275,753 Alta Loma School District -0-
Rancho Cucamonga Redevelopment Agency 117,335,000 Cucamonga School District -0-
Etiwanda School Dist. Community Facilities Dist. #1,#2,#3 100.000 18.005,000
Other School Dist. &Certs. of Participation Various 310,867
City of Rancho Cucamonga-Certs. of Participation 1,670,000 STATE SCHOOL BUILDING AID
City of Rancho Cucamonga Cmnty. Fac. Dist. #84-1 100.000 19,635,000 REPAYABLE AS OF 6/30/94: $6.059,438
City of Rancho Cucamonga 1915 Act Bonds 100.000 9.400,000
TOTAL DIRECT& OVERLAPPLING BONDED DEBT $268,767,482
Source: California Municipal Statistics, Inc.
99
EXHIBIT 8
CITY OF RANCHO CUCAMONGA
Legal Debt Margin
(General Obligation Bonds)
June 30, 1994
Assessed valuation $7,073,561,179
Debt limit - 15% of assessed valuation $1,061,034,176
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 $1,061,034,176
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
1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94
July 1,102 993 1,773 1,425 1,232 428 418 278 326 238
August 543 726 1,587 1,769 1,751 459 327 262 230 344
September 778 741 1,064 1,547 1,373 351 192 248 245 305
October 665 1,149 2,219 1,084 1,941 512 328 284 268 222
November 541 676 1,126 837 1,470 358 274 200 255 283
December 437 1,007 1,289 848 1,068 268 303 195 223 237
January 918 871 1,742 973 1,448 337 228 171 182 264
February 879 888 1,455 1,246 1,167 359 317 243 149 281
March 1,122 1,033 1,775 1,820 1,689 410 257 295 298 442
April 1,106 1,736 1,468 1,225 1,649 396 335 231 315 201
May 980 1,389 1,294 1,708 1,927 372 313 274 262 307
June 1,005 1,720 1,577 1,981 1,964 408 312 365 385 348
TOTAL 10,076 12,929 18,369 16,463 18,679 4,658 3,604 3,046 3,138 3,472
Source: Building and Safety Division
101
CITY OF RANCHO CUCAMONGA
Building Permits
Thousands
20
15 i
10
5
O
1984-8585-86 88-87 87-98 88-89 89-90 90-91 91-92 92-931993-94
Fiscal V ar
� No.Of Permits Issuetl
EXHIBIT 10
CITY OF RANCHO CUCAMONGA
CONSTRUCTION ACTIVITY
BUILDING PERMIT VALUATION
1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94
July 23,038,404 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
August 9,800,414 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
24,218,811 31,918,086 24,268,160 22,479,041 2,350,284 4,577,135 5,611,615 6,012,384
September 12,394,158 10,170,567
October 7,520,086 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
November 10,131,349 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
December 34,605,218 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
January 19,387,782 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
February 10,487,888 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
March 15,417,025 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
April 31,011,776 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
May 17,444,011 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
June 9,462,001 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
TOTAL 200,700,112 315,306,755 290,877,935 350.325,746 397,438,258 198,839,268 126,694,091 73,836,809 85,093,454 102,711,672
Source: Building and Safety Division
103
CITY OF RANCHO CUCAMONGA
Construction Activity
Millions
$500
$400
$300
$200 -
$ 100 '
$0 T� �-
1984-8585-88 88-87 87-88 88-89 89-90 90-91 91-92 92-931993-94
Fiscal Year
Value Of Permits
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
1985 65,479 6.2% 1,053,771 6.2%
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 9.5% 1,286,210 8.1%
1990 104,887 [1[ 0.2% 1,423,800 8.1%
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 2.150/6 1,591,780 2.3%
Source: (1) U.S. Bureau of Census, California Department of Finance
(2) City of Rancho Cucamonga, Planning Department
105
DEMOGRAPHIC STATISTICS DEMOGRAPHIC STATISTICS
City Of Rancho Cucamonga County Of San Bernardino
W6
EXHIBIT 12
CITY OF RANCHO CUCAMONGA
PRINCIPAL TAXPAYERS (1)
June 30, 1994
TYPE OF BUSINESS
Department Stores
Light Industrial/Printers
Heavy Industrial
Grocery Stores Liquor
Service Stations
Fast Food
Contractors
General Merchandise
Specialty Stores
Business Services
(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 NOVEMBEER 14, 1994
Coverage Maximum Coverage Company Remarks
Auto Insurance $250,000 PARSAC One year policy - Expires 5/95
SFC 008585 $27,306 annual premium
Boiler&Machinery Policy $9,500,000 Hartford Steam Boiler One year policy - Expires 10/26/95
BMI-IA-9934845 $8,000 annual premium
Crime Policy $100,000 Aetna Insurance Co. One year policy - Expires 7/27/95
Employee Surety 005BY100825831BCA $874 annual premium
Equipment Insurance $250,000 PARSAC One year policy - Expires 5/95
premium included in auto coverage
Liability Insurance $5,000,000 PARSAC One year policy - Expires 7/l/95
$359,592 annual premium
Notary Bond $10,000,000 Western Surety Company Effective 12/17/93
$50.00 annual premium
Excess Liability $5,000,000 PARSAC One year policy - Expires 7/l/95
$91,674 annual premium
Property Insurance $250,000 PARSAC One year policy - Expires 5/95
premium included In auto coverage
Special Events $2,000,000 CNA Insurance Company One year policy
$1,000 annual premium
Workers Compensation $10,000,000 PARSAC One year policy - Expires 7/1/95
$247,7815 annual premium
Excess Workers' Comp $10,000,000 PARSAC One year policy - Expires 7/l/95
$19,000 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 36.5 Square Miles
Population 115,010
Number of Street Lights 6,634
Miles of Streets 446
Number of Signals 83
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 226 acres
Number of Parks
Source: Community Development Department, Community Services Department
109