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HomeMy WebLinkAbout1993/06/30 Comprehensive Annual Financial Report 1 1 1 1 I I 1 1 1 1 1 I 1 1 1 1 1 1 1 CITY OF RANCHO CUCAMONGA, CALIFORNIA ' COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 1993 PREPARED BY ' FINANCE DEPARTMENT SUSAN M. STARK ' FINANCE OFFICER 1 This page intentionally left blank. ' CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Number INTRODUCTORY SECTION Letter of Transmittal i ' City Officials xxiii tOrganizational Chart xxiv Geographic Location Diagram xxv ' Certificate of Achievement for Excellence in Financial Reporting xxvi ' Certificate of Award for Outstanding Financial Reporting xxvii FINANCIAL SECTION ' INDEPENDENT AUDITOR'S REPORT 1 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 - Statement of Cash Flows - Proprietary Fund Type - Internal Service Fund 13 ' NOTES TO FINANCIAL STATEMENTS 14 The notes to the Financial Statements are an integral part of the financial report and are essential to the fair presenta- tion and adequate disclosure of the financial position of the reporting entities CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS ' Page , Number SUPPLEMENTARY SCHEDULES ' Schedule 1 - Balance Sheet - General Fund 52 Schedule 2 - Statement of Revenues, Expenditures and ' Changes in Fund Balances - General Fund 53 Schedule 3 - Schedule of Revenues, Expenditures and ' Changes in Fund Balances - Budget and Actual (Budgetary Basis) - General Fund 54 ' Schedule 4 - Combining Balance Sheet - All Special Revenue Funds 59 ' Schedule 5 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Special Revenue Funds 62 ' Schedule 6 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and , Actual (Budgetary Basis) - All Special Revenue Funds 65 Schedule 7 - Combining Balance Sheet - All Debt Service Funds 74 Schedule 8 - Combining Statement of Revenues, Expenditures ' and Changes in Fund Balances - All Debt Service Funds 75 , Schedule 9 - Combining State of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - ' All Debt Service Funds 76 Schedule 10 - Combining Balance Sheet - All Capital ' Projects Funds 78 Schedule 11 - Combining Statement of Revenues, Expenditures ' and Changes in Fund Balances - All Capital Projects Funds 79 CITY OF RANCHO CUCAMONGA ' TABLE OF CONTENTS ' Page Number ' SUPPLEMENTARY SCHEDULES (Continued) Schedule 12 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Capital Projects Funds 80 ' Schedule 13 - Combining Balance Sheet - All Agency Funds 83 Schedule 14 - Combining Statement of Changes in Assets and Liabilities- All Agency Funds 84 Schedule 15 - Statement of General Fixed Assets 87 t Schedule 16 - Schedule of General Fixed Assets by Function and Activity 88 ' STATISTICAL SECTION Exhibit 1 - General Governmental Expenditures by Function 89 Exhibit 2 - General Government Revenue by Source 90 ' Exhibit 3 - Assessed Valuation of All City Property 91 Exhibit 4 - Property Tax Levies and Collections 92 Exhibit 5 - Direct and Overlapping Property Tax Rate 93 tExhibit 6 - Special Assessment Collections 94 Exhibit 7 - Direct and Overlapping Bonded Debt 96 Exhibit 8 - Legal Debt Margin (General Obligation Bonds) 97 Exhibit 9 - Number of Permits Issued 97 Exhibit 10 - Construction Activity - Building Permit Valuation 98 Exhibit 11 - Demographic Statistics 99 Exhibit 12 - Principal Taxpayers 100 Exhibit 13 - Purchased Insurance Policies 101 Exhibit 14 - Miscellaneous Statistical Information 102 1 This page intentionally left blank. , 1 ' I INTRODUCTORY SECTION z 0 F w a O F U A A °a F z z O F U w a O F U a A a F z This page intentionally left blank. T H E C I T Y O F SQA NC KO C UC A MONG1� November 24, 1993 The Honorable Mayor and Members of the City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 Councilmembers: Submitted for your information and consideration is the Annual Financial Report for the year ended June 30, 1993. This is a combined report of the ' City of Rancho Cucamonga, Rancho Cucamonga Redevelopment Agency, Rancho Cucamonga Public Improvement Corporation and the Rancho Cucamonga Fire Protection District. The goal of the City of Rancho Cucamonga's financial staff is to strive for excellence in the performance of the financial functions and reporting. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate to the City of Rancho Cucamonga for its comprehensive annual financial report for the fiscal year ended June 30, 1992. The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting. In order to be awarded a Certificate of Achievement, a government unit must 1 publish an easily readable and efficiently organized comprehensive annual financial report (CAFR), whose contents conform to program standards. Such CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. The Certificate of Achievement is valid for a period of one year only. The City of Rancho Cucamonga has received a Certificate of Achievement for the last five consecutive years (June 30, 1988 through June 30, 1992). We believe our current report continues to conform to the Certificate of ' Achievement program requirements, and we are submitting it to GFOA. Mayor Dennis L. Stoutri Councilmember William J. Alexander Mayor Pro-Tem Charles J. Buquet II Councilmember Diane Williams Jack Lam, ACIP, City Manager Councilmember Rex Gutierrez ' 10500 Civic Center Drive P.O. Box 807 Rancho Cucamonga, CA 91729 (909)989-1851 FAX(909)987-6499 I. BACKGROUND INFORMATION ' GENERAL INFORMATION The City of Rancho Cucamonga currently has an estimated population of 112,592 and encompasses approximately 36.5 square miles. It is located between the City of Upland to the West, and Ontario to the South, and ' Fontana to the East, and is in the Western part of San Bernardino County. 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 (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. ii , FINANCIAL ADMINISTRATION The Finance Division is structured under the Administrative Services Department with the Director of Administrative Services having responsibility for Finance, Personnel, Risk Management, Purchasing, Licensing, Facilities Maintenance, Resource 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, treasury 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 Council members are elected on a staggered basis with the Mayor being elected for a term of two years and the City Councilmembers for a term of four years. There is no limit on the number of terms an individual can serve as Mayor or as Councilmembers. The Mayor and City Council appoint the City Manager. REPORTING STANDARDS The financial report has been prepared in conformance with the generally ' accepted accounting principles as set forth by the Governmental Accounting Standards Board (GASB), applicable pronouncements of the American Institute of Certified Public Accountants, and the full financial ' disclosure guidelines of the Governmental Finance Officers Association of the United States and Canada. The implementation of Statement No. 3 of the National Council on Governmental Accounting (adopted by GASB) defining the governmental reporting entity as including the City and all of its ' related entities over which the City Council has continuing oversight responsibility, has resulted in the preparation of this financial reports' format consolidating the financial data of the City and all of its related entities. FINANCIAL STATEMENT FORMAT In accordance with the above-mentioned guidelines, the report is divided ' into the following three sections: 1. Introductory Section - Contains the principal officers; City organization chart; letter of transmittal. iii 2. Financial Section - Contains the auditor's opinion; combined financial statement; and combining financial statements by fund type and individual funds. 3. Statistical Section - Includes 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, 1993, and the results of its operations and changes in financial position. All I disclosures necessary for the reader to gain a maximum understanding of the City's financial affairs have been included. FUND DESCRIPTIONS r Definitions of the various funds and account groups of the reporting entity , are included in the Supplementary Information 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: 1. Assets have been protected from losses arising from unauthorized use or disposition. IV 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 1 ordinance; and to utilize appropriation encumbrances as a management control technique for the budgetary control of expenditures. ' II. HIGHLIGHTS OF FISCAL YEAR 1992/93 REDEVELOPMENT AGENCY A Economic Development/Marketing This year's activity was increasingly pro-active. The Agency widened its outreach to the business community by directly assisting and retaining current Rancho Cucamonga companies. Scholsser Forge's facilitated expansion serves as an example of the cooperation built between the City/Agency and in-town firms. Relationships have also been forged, in collaboration with the Chamber of Commerce to intervene and assist ' companies that are considering relocation out of our area. As news of the City's increasing responsiveness spreads, these programs will become even more productive. Another example of our outreach was the Economic Advancement Survey conducted with Chaffey College. Local business assistance was the goal, in addition to the valuable economic development data gathering. These "at home" measures were supplemental to the attraction and assistance of important new corporate residents like Price Club and Wal-Mart. ' The Agency also opened a "dialog" with the commercial/industrial brokerage community by hosting "Brunch in the Vineyards" - a seminar about developing and leasing Rancho Cucamonga properties. New Business Salutes became another new approach, demonstrating the City's commitment to supporting and nurturing in-town corporate residents. Rancho Cucamonga's marketing tools received a boost this year, with the addition of a newly produced music video "We Love R.C.I" - which was ' honored with 3CMA7s 1993 Savvy Award. QCMA is a national organization v that promotes public sector excellence). Again, both national and regional publications were used to promote the City, with increased emphasis on , southern California business papers and monthly journals. Our trade show exposure was maintained with select retail and development groups, as well as supporting the annual regional showcase. , R Sports Complex This years most high profile project was undoubtedly the Sports Complex, with the key component being the "Epicenter," home of the Rancho Cucamonga Quakes Baseball team. It has proven to be of overwhelming benefit to the City, in terms of resident pride, revenues generated and media publicity. Construction was completed in the spring, and the Quakes established impressive new league attendance and sales records. In fact, the games have proven so popular, an expansion is now being considered. The ancillary facilities, much needed baseball and soccer fields, were also received enthusiastically. C. Affordable Housing The non-profit North Town Housing Development Corporation was created, 1 with a Board of Directors composed entirely of residents. The Board then designed a four point, 5 year program to upgrade the North Town area, including: acquisition and rehabilitation of existing homes, acquisition of vacant lots for new construction, rehabilitation of owner-occupied homes and new construction of rental units on the nine acre parcel adjacent to Old Town Park. ENGINEERING Significant capital projects for fiscal year 1992/93 included the completion of the Milliken Avenue Grade Separation project between 6th Street and Jersey Blvd. This project completed the second to last link in the ultimate Milliken Avenue alignment from Banyan Street to the southern city limit at , 4th Street. Only the Arrow Route to Foothill Blvd. portion of the street remains to be improved. Engineering inspectors coordinated the construction of the nonstructural portion of the Sports Complex. Included in this project was the construction of three traffic signals located at Arrow Route and Rochester Avenue, Rochester Avenue and Jack Benny Drive, and , Rochester Avenue and Stadium Way. Other significant street projects were the Haven Avenue rehabilitation project from 4th Street to Civic Center Drive and the Rochester Avenue improvement project from Victoria Park ' Lane to Highland Avenue. This included the construction of a signal at Rochester Avenue and Highland Avenue. During fiscal year 1992/93 the signal at Vineyard Avenue and Arrow Route was upgraded to provide left turn movements. , During fiscal year 1992/93 Engineering staff inventoried all the City maintained streets. This inventory was then included in a pavement management program which evaluates the database and will prioritize capital maintenance needs for the City's streets. This allows the City to A better determine where its available funds for street maintenance and ' improvement should be spent. The City also completed its City wide Traffic Model. This allows forecasting traffic impacts of development projects throughout the City. PLANNING A Current Planning During the 1992/93 fiscal year, the Current Planning section processed a significant number of major development projects, permit entitlements, and special projects as summarized below: ' New Development Staff processed a total of 839 applications of all types, ranging from Tentative Tract Maps to Home Occupation Permits. Among these applications were: 7 Tentative Tract Maps, 37 Conditional Use Permits and ' 20 Development/Design Reviews. Major development projects which were processed during fiscal year 1992/93 included the Foothill Marketplace Phases 2 and 3 (Circuit City, Sports Chalet, Office Depot, PetsMart, Food 4 Less), the Sports Complex and Animal Control Shelter, Smith's Superstore and Masi Commerce Center. Plan Check/Inspections The continued strength of commercial construction also required significant attention during 1992/93. Major projects that went through plan check and/or were under construction included the Sports Complex and Animal Control Shelter, Foothill Marketplace (Price Club/Wal-Mart) and the Terra Vista master-planned community. Special Projects The Current Planning section was involved with several special projects directed by the City Council or Planning Commission. A land use planning ' study was completed in conjunction with proposed amendments to the City's adult business regulations. The Commercial Security Plan, a study of security needs within shopping centers, was initiated. Staff assisted Administration to hire a consultant and develop a scope of work for a Commercial Security Plan. ' For the Chaffey Barn Reconstruction historic preservation project, staff coordinated preconstruction activities. This included plan check, securing additional funds, preparation of bid documents and contract administration. An amendment to the Hillside development regulations was initiated by the ' Planning Commission. Staff began writing changes to ordinances regarding vii hillside development. This included researching standards, staff reports, , workshops with the Planning Commission and drafting an ordinance. A San Bernardino County wide Bicycle Plan effort led to the involvement of staff in the County's Bicycle Plan Evaluation Committee which selected a consultant and defined the scope of contract work. In addition, staff participated in the County's Bicycle Plan Advisory Committee which is working with the consultant in the preparation of the Plan. The study of parking requirements for shopping centers was completed. The study involved contract administration and preparation of amendments ' to the City's Municipal Code. Implementation of the trails system continued as staff pursued several , bicycle trail construction projects. This included budgeting funds or preparing grant applications, defining projects and coordination with the Engineering Division. This included bike trails along Base Line Road and Milliken Avenue. H Advance Planning ' County Referrals Four new County referrals were received and reviewed by staff. One major project, Burrtec-Kaiser Resource Recovery Facility, has proceeded through project revision and environmental review. Staff continued to monitor, review and comment on one residential project of 24 units in the Snow Drop Road area which was approved by the County. Staff continued to monitor the environmental assessment proceedings for the Landmark Land Company golf course development proposal. Inter-Governmental Referrals The U. S. Fish and Wildlife Service notified the City of the listing of the California Gnatcatcher as a threatened species under a proposed special rule. Staff completed a preliminary survey of vacant land for the presence of Gnatcatcher habitat and notified property owners of the federal action. Etiwanda North Specific Plan ' The Infrastructure Phasing Plan and Resource Management Plan (RMP) for the Etiwanda North Sphere-of-Influence (SOI) was completed and approved ' by the City Council. The RMP outlines a plan for future preservation of substantial areas of alluvial fan scrub in the City's SOI. Housin , Two State mandated housing studies were completed during 1992/93. The first, the Housing Production Plan, analyzes the Redevelopment Agency's legal obligation to provide units of affordable housing and proposes strategies to meet the requirements. The second, the Units at Risk Study WAR), , viii , identifies existing units of affordable housing which are restricted to low and I moderate income families but are at risk of converting to market rate in the near future. The UAR study proposes a strategy to keep the aforementioned units from converting to market rate. Air Quality Issues During 1992/93, monitoring began on Southern California Air Quality Management District's (SCAQMD) development of Traffic Control Measures (TCM) program for use by local governments. Staff is continuing to provide the information requested (calculations of existing and potential trip reduction actions) from San Bernardino Area Governments (SANBAG) to Traffic Engineering towards the development of a model TCM ordinance for City consideration. School Site Reviews Staff and Planning Commission completed a courtesy review of a site for a future high school at the northeast corner of East and Highland Avenues. An analysis has been started regarding the southeast corner of Chaffey College as a potential elementary school site for the Alta Loma School District. Computerized General Plan Map Planning staff has been working with Geographic Information Systems (GIS) staff to input the necessary data to produce a computer generated General Plan Map. Ledi¢ House Rehabilitation ' Staff continued to coordinate the rehabilitation of the historic Ledig House. This included contract administration, preparation of landscape plan and ' construction inspection. Historic Preservation ' Historic Preservation accomplishments included the Landmark Designation of four historic buildings (including the John Klusman house) and a historic ' Point of Interest Designation of the San Gabriel Valley Labor Camp Site on Arrow. In addition, three Mills Act contracts were processed, providing needed historic preservation incentives. During this period, two Landmark ' Alteration applications were processed. Public Art Programs were reviewed for the Foothill Marketplace and Masi Commerce Center. ' G 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 area, as well as construction of improvements on Sierra Madre Avenue south of 9th Street. Other improvement projects included the repair and replacement of 2,120 square feet of displace ix sidewalk in target areas and the installation of 600 square feet of handicap curb ramps throughout the City. City crews also removed approximately ' 29.000 square feet of graffiti in target areas. Other improvements occurring during the year included the completion of ' approximately 80 percent of the design work for the Neighborhood Center handicap improvements, as well as the completion of historic preservation rehabilitation activities on the Chaffey-Garcia House and partial completion of the Ledig House. In the area of public service, the City continued to fund landlord/tenant and ' fair housing counseling services. A total of 481 households were provided fair housing counseling and information, 16 discrimination cases were handled, and 94 landlord/tenant cases were mediated. In addition, 12 cases ' regarding FHA foreclosure/default were counseled. Additional public services were provided which included assisting 126 homeless or near homeless individuals through the Homeless Outreach Programs and Education (HOPE) organization. Through the House of Ruth, a total of 16 Rancho Cucamonga residents were provided assistance and shelter from domestic violence, 260 hot line calls were received and 534 ' education/prevention activities were provided. The Home Improvement Program continued to be in high demand. A total of 1 loan. 15 grants and 8 emergency grants were completed and funds , were obligated for 1 additional loan and 7 grants. There continues to be a long waiting list for this program with approximately 30 single family homeowners and 14 mobile homeowners on the list. The Oldtimers Foundation provided needed assistance to 37 elderly and low-income homeowners for emergency and small home repairs. In the area of general administration, this year saw the completion of , 1993/94 Comprehensive Housing Affordability Strategy (CHAS) Annual Plan and completion of the 1992/93 Annual Performance Report. The 1991/92 ' Grantee Performance Report was approved by U. S. Department of Housing and Urban Development (HUD), along with the 1993/94 Final Statement and Community Development Block Grant (CDBG) Application. ' D. Code Enforcement During the 1992/93 fiscal year, the Code Enforcement section continued to , focus on responding to the needs of the community including property maintenance, vehicle parking and storage and sign regulation. Activities ' involving the control and removal of graffiti on private property have become a major part of the daily Code Enforcement program. In addition, economic conditions have increased the number of vacant residences and businesses, ' due to foreclosures and losses, resulting in a substantial increase in activities to prevent deterioration of these properties. Much time has been spent working with the Anti-Graffiti Task Force toward ' combating graffiti vandalism. Recommendations developed for the Task Force have been implemented, such as encouraging prompt graffiti removal x programs at shopping centers and continually monitoring problem locations. The adoption of the new Graffiti Abatement Ordinance will provide an improved tool for integration of contract services into the daily Code Enforcement operation, including County Weed Abatement and West Valley Vector Control. Code Enforcement continues to obtain voluntary compliance in over 90 ' percent of the cases handled. This is achieved primarily by providing a high level of personal service, maintaining positive public contact, with an initial goal of education rather than enforcement. Although efforts continue toward developing better regulations and methods to correct problems in the City, the majority of the Code Enforcement program is directed at responding to citizen complaints. ' BUILDING AND SAFETY The decline in construction activity leveled off during fiscal year 1992/93. By years end, valuation totals showed a modest increase over the previous year. ' The mitigation program for unreinforced masonry buildings continues. Approximately four (4) structures remain to be addressed. ' Implementation of the various recommendations of the Arroyo Seco report continues to be a priority item. The purpose of the Arroyo Seco study was to review the Development Review process in the City and make recommendations for streamlining the process. The Building and Safety Division is working with the Fire Safety Division to coordinate the plan review and inspection process in a manner which will maximize current staffing resources and provide more efficient service to the public. It is anticipated that the fiscal year 1993/94 will continue the modest ' increases in building activities. Staff will continue examining the permit process with the intent of making it more responsive to the community. COMMUNITY SERVICES The Community Services Department continued to devote its energy during fiscal year 1992/93 to the provision of quality cultural, recreational and human/senior services. Demand for community services to address the needs of the residents and their families remain high. The 1992/93 fiscal ' year found the Community Services Department restructuring or improving existing programs/services. The following major activities were accomplished: ' A Youth Programs/Activities ' The very popular Playschool program for youngsters from one to five years old was expanded during 1992/93 and now offers more than 30 classes and serves 450 preschool aged children. 1 Xi Annual events continuing to garner the enthusiasm and participation of the community include: ' o The Egg Hunt, held at four sites, saw over 4,000 residents participate in this spring time event. , o Summer Day Camp offered for ten weeks at Carnelian Elementary School. This site was provided through the cooperation of the Alta , Loma School District and approximately 400 children participated in the games, sports, swimming, arts and crafts, special events, and field trips. ' o The very popular Breakfast with Santa continues to include two sittings at which over 200 youngsters are treated to a morning with ' Santa and a breakfast provided as a community service project by Rancho Grande Mwanis. o The Halloween Fun Fair, attended by nearly 600 community residents, , included a pumpkin carving workshop enjoyed by 25 youngsters, costume contests, game booths, and a haunted hay ride through a star lit Red Hill Community Park. ' o Other annual events included a New Year's Eve Sleep-over for children two through twelve years old; a Mother's Day Tea hosting a special , salute to Mom's and their children; a Tiny Tot Triathlon was provided for two to five year olds to compete in basketball toss, soccer kick, and be wheel racing: and the annual Pep Day Invitational for cheerleaders ' at which over 700 spectators cheered their schools on. _ B. Family Program/Activities The Amusing Children's Theater (A.C.T.) introduced a new series of community programs for the whole family during 1992/93 and showcased , magicians, puppeteers, and much more. This unique showcase kicked off a quite successful first season this year and looks to return strong in the years to come. Family orientated programs and activities also offered during fiscal year 1992/93 included: , o Movies in the Park provided a variety of family movies at both Red Hill Community Park and Coyote Canyon Park with theme contests offered ' to enhance the program. o Concerts in the Park saw its eighth annual season in the amphitheater ' of Red Hill Community Park. The concerts were sponsored by a grant from the Rancho Cucamonga Community Foundation. o The 4th of July celebration included family games, a softball , tournament, rides, and a Salute to the Troops who served in the Gulf War. Along.with all this excitement, local crafters were highlighted. xii o The 14th annual Founder's Day Parade was held this year with the theme of "The Bill of Rights." o Art in the Park, held just in time for Mother's Day, and the annual Holiday Party Craft Fair featured homemade arts, crafts, entertainment, game booths, and children's activities. ' C Teen Programs/Activities Thanks to the active participation of our young adults in our Teen ' Recreation Activity Club (TRAC) many programs/activities were supported through their volunteer efforts. o Teen Snack Bars operated at various community and special events throughout the year helped raise funds for teen activities. ' o Night on the Town is a teen operated babysitting service through which 40 youths volunteered their services bi-monthly to help parents get a little "R & R" while at the same time provide entertaining and ' enriching activities for youngsters. o Teen Trips: Fiscal year 1992/93 saw our teens go to some of the best places in southern California, including Disneyland. Universal Studios, and the°beach. There were also two very successful teen ski trips attracting over 80 participants. ' D. Senior Programs/Activities Senior Advisory Committee The Senior Advisory Committee consists of approximately 25 seniors who meet on a monthly basis providing hundreds of volunteer hours to their City and input on senior issues and concerns. The Silver Fox is a newsletter providing seniors with a list of classes. ' activities, programs, events, trips, human services, and a daily nutrition menu. Senior dances are held every first and third Tuesday at the Rancho Cucamonga Neighborhood Center with the cost of the band offset by the Pomona Valley Bank. Popular special events held for seniors include the ' Luau, Good Old Days, Halloween, Valentine's Day, St. Patrick's Day, Easter, Fiesta, and 4th of July parties averaging an attendance of 190. ' E. Human Services Programs/Activities The Human Service programs provide the following services and activities for the community: o Information and referrals to thousands of residents pertaining to a ' variety of questions and needs such as food stamps, senior services. xiii health care, housing, emergency food banks, job training, and , placement sources, etc. o A bilingual referral service and a bilingual advisory committee. o Annual events include the Senior Health Fair, a Holiday Basket Program providing food baskets to 600 families, and the annual recognition program for the City's 500 volunteers who assist the City ' with programs, activities, and services. o On a monthly basis, surplus food commodities are distributed to needy , residents of Rancho Cucamonga. This program, with nearly 600 households participating monthly, is provided through a cooperative effort between the Federal. State. County, and local governments. ' o Other programs include the City's Drug Abuse Resistance Education (D.A.R.E.) Program (a jointly sponsored and financed venture between ' the Alta Loma, Central and Etiwanda School Districts, and the City of Rancho Cucamonga); and the Youth Awareness Workshops which provide training and information to youngsters free of charge. ' F. Sports Pee Wee Soccer, in only its second year, saw over 230 three to five year olds , register for this introductory program to the sport of soccer. Pee Wee Baseball is now becoming one of our largest sports programs, ' attracting 600 three to five year olds enthusiastically being introduced to the basic fundamentals of baseball. An additional pool site at Etiwanda High School was made available for the ' Youth Learn to Swim program, and registration increased by over 400 for a total of 3,160 participants. Private lessons were offered for the first time , and was well receive by 200 swimmers. In addition to the swim classes, more than 5,700 swimmers participated in the recreational swim programs. Over 530 participated in this year's ten week Youth Basketball program. ' Fifty-six youth teams played at Alta Loma High School and Etiwanda Intermediate School gyms on Saturdays. We also sent the largest all-star , delegation in the Inland Valley to its All-Star Tournament. Nine of our eleven teams advanced to the play off finals or the consolation finals and one of our girls' teams won the southern California State Finals. ' The City also provides sport activities for Adult Softball, Adult Soccer Leagues, Adult Tennis Leagues, Adult Basketball, and Adult Volleyball. ' G, Other Highlights The City's quarterly newsletter, The Grapevine, serves as a strong link in ' uniting the three founding communities of Alta Loma, Cucamonga, and Etiwanda. In addition, the quarterly newsletter informs the City's rapidly xiv ' growing population of new policies, development, activities, and recreational opportunities taking place in the community. POLICE DEPARTMENT Solution Oriented Policing This program was initiated last year and is now in full operation. Each of our officers have received instruction in POP (Problem Oriented Policing) concepts and we are currently working projects and programs utilizing ' these concepts to meet the needs of our Department and Community. Gang Suppression Gang Suppression remains one of the primary concerns for this department. We are adding 5 additional patrol officers and a sergeant to our staff to meet this task. The officers will work along side the Gang Officer and School Resource Officer to provide better responses to our many school campuses within this community. ' Bicycle Enforcement Team ' Our Bicycle Enforcement Team was initiated during 1992/93. This program allows for the silent approach and deployment of officers in our commercial areas, parks, and during public events. Because of the effectiveness of this program, 6 additional bicycles have been purchased through asset seizure funds and additional personnel have trained in bicycle crime suppression. Driving Under the Influence Suppression ' The driving under the influence check point program was initiated through a State Grant. This program uses stationary check points to remove drunk ' drivers from our highways. To increase our effectiveness, 4 hand held breath alcohol detection devices have been purchased with asset seizure funds. These devices will be used by our Patrol Officers as a tool to identify ' breath alcohol limits during traffic stops and field contacts. 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 613 days maturity, issues of federal agencies, bankers acceptances, mortgage securities, negotiable Certificates of Deposit and the ' State's Local Agency Investment Fund (LAIF). During the fiscal year 1992/93 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. xv DEBT ADMINISTRATION The City of Rancho Cucamonga, as a general law city, is restricted from incurring general obligation bonded indebtedness which would exceed 3.75% of the total assessed valuation of all real and personal property. The ' City of Rancho Cucamonga does not have any general obligation debt; however, the City and its component units do have various bond and certificates of participation issues. Note 11 of the Notes to the Financial , Statements of this report presents more detailed information about these issues. On August 26, 1992, the City of Rancho Cucamonga placed $3,053,258, , along with the $649,111 balance in the trustee's reserve fund, into an irrevocable trust with an escrow agent to defease the 1988 Series B ' California Cities Financing Corporation $6,390,000 Certificates of Participation. The outstanding balance of the certificates was $3.500,000 prior to defeasance. These monies were used to purchase U. S. Government securities in an amount sufficient to provide for all future debt service payments on the 1988 certificates. The certificates are considered to be defeased and the liability for those certificates has been removed from the ' General Long-Term Debt Account Group. The City advance refunded the 1988 certificates to reduce its total debt service payments over the next three years by $3,864,159 and to obtain an economic gain of $11,200. , RISK MANAGEMENT During fiscal year 1992/93, 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. M. PROSPECTS FOR THE FUTURE , During the last four years, all cities have had to adjust to the economic ' slump in ways that are relevant to their own budgetary situation and local revenue structures. Simultaneous with these difficult adjustments, the State of California began taking away taxes generated locally, taxes that our , xvi ' community, as well as every community in California depended upon to fund local services, and diverted these dollars for other State purposes. These State decisions have compounded the problems of budgeting and the ' decision making process. Many citizens do not understand the complex financial relationships between the City and the State, and are often surprised that fewer of their tax dollars now go to the City to support the services that they have always received. Services that everyone has taken for granted now either cost more or have been disrupted, through no fault of either the service recipient or the service provider. ' Rancho Cucamonga is a contract city with many of its services privatized. As a result, the City has a smaller work force than other communities of its size. ' As a contract city, services have assumed a level of cost effectiveness unlike other communities, and its costs for such services are comparatively smaller. Any disruption in revenue flow places a severe strain on these ' services. The City is also among a number of low property tax cities statewide that receive a smaller, disproportionate share of the property tax, a key factor that must be recognized in any budgetary discussion. Currently, only two cents of every dollar paid in property tax in Rancho Cucamonga goes to ' support all City services. As a result, the City has had to rely upon other revenue sources to fund the basic programs that are demanded in this community. ' General Fund revenue loss from the State has grown from a little over $700,000 in fiscal year 1990/91 to over $2.7 million 'today. This alone represents an annual revenue loss of over 11% of the current budget. In addition, the State took away $3.7 million from the Redevelopment Agency in fiscal year 1992/93 and an additional $1.1 million will be taken away in fiscal year 1993/94. ' As a response to this and other revenue losses, the City has drastically reduced service expenditures . while maintaining public safety services, ' reduced staffing levels, froze salaries, and made cost center consolidations whenever possible. During this time, staffing levels were reduced by 22% and cannot continue without severe degradation of services or a de facto ' collapse of a service. Even though there is recognition of financial constraints, service demands continue. Since fiscal year 1990/91, the City's General Fund has seen a cumulative reduction of expenditures totaling $5.7 ' million. Given the fact that the expenditure reductions had to incorporate the externally imposed 2 - 3% increased annual costs of operation, the net result is nearly a 25% decline in real service dollars. ' During March and April of 1993, the City held two advertised public hearings, met with members of the Chamber of Commerce and other ' industrialists in the City, and provided information to residents regarding implementation of a utility user's tax. On April 7, 1993, the City Council adopted Ordinance Number 510, a utility user's tax of 4.66% to become effective July 1, 1993, and to be applied to telephone, electricity, gas, and xvii water utility bills. This ordinance included an annual cap of $50,000. That is to say that the maximum aggregate amount upon any one service user for ' utilities during any calendar year shall not exceed $50,000. After the standard start up time and some temporary computer problems experienced by the various utility companies, it is anticipated that fiscal year ' 1993/94 will see approximately $3.1 to $3.5 million of revenues as a result of Ordinance Number 510. Current information indicates an estimated full fiscal year of revenues to be approximately $5.6 million. , The City of Rancho Cucamonga proudly held the dedication of the Rancho Cucamonga Adult Sports Park on April 3, 1993. This facility, which was ' built through redevelopment agency funds, includes three lighted softball fields, two lighted soccer fields, and one ninety foot baseball field. The adult sports activities at this facility allow community and neighborhood parks to ' become more accessible for City youth. The centerpiece of the facility is the 4,500 seat stadium, home of the Rancho Cucamonga Quakes, a California League Class "A" Team affiliated with the San Diego Padres. The stadium , includes field level cafes, a state-of-the-art electronic scoreboard, and seating that affords an excellent view of the game. It will also be used to provide reasonably priced family entertainment, and with its already high success rate is expected to be a fully self-supporting facility. November 2, 1993, saw the successful passage of California Proposition 172, the continuation of the half-cent sales tax approved to provide funding , primarily for counties. It was important that this measure passed, as the entire outcome of the State budget solution would have been otherwise damaged. Of the sales tax attributable county-wide to the measure, only 5% will be made available for allocation among cities on a formula based upon the amount of property taxes lost. Rancho Cucamonga's share is estimated to be $179,000 annually. IV. FINANCIAL STATEMENT ANALYSIS , The fiscal operations of the City are primarily accounted for in the Governmental Funds which include the General, Special Revenue, Debt ' Service, and Capital Project funds. A Revenue Analysis , The total fund equity (aggregate fund balances) in these funds of $147 million reflects a decrease of $1.2 million over the previous fiscal year. , Total financing sources available to the funds during the year amounted to $107.6 million. Of this amount, $79.7 million was from governmental fund type resources, $9.3 million was from loan proceeds, and $25.3 million was ' from operating interfund transfers. The decrease in bond proceeds reflects the City of Rancho Cucamonga s , prior year issuance of $4.8 million in Improvement Bonds for Assessment District 89-1 for street and drainage improvements on Milliken Avenue south of Arrow Route. ' xviii ' The Intergovernmental increase of approximately $1 million in revenue includes an increase of $465,590 of Federal Aid Urban funds. The $3.85 million increase in tax revenue is largely due to increase funding ' received from the various landscape maintenance districts and, as such, is restricted to expenditures associated with the districts. The rise in tax revenues is also a result of the first full year of sales tax revenues generated from a number of new businesses in town, including the Price Club and Wal- Mart. The $2.3 million decrease in Use of Property and Money is primarily due to the ever dwindling interest rates available for investments. The following is a recap of the 1992/93 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 1992/93 Percent (Decrease) Financiag Sources Revenue of Total From 91/92 Taxes $48.385 45.0% $ 3.850 Licenses & Permits 1,456 1.3 98 Fine & Forfeiture 391 .4 164 ' Use of Property & Money 6,899 6.4 (2,315) Intergovernmental 11.041 10.3 954 Charges for Services 2,066 1.9 ( 226) ' Development Fees 2,017 1.9 (1,588) Other 7.435 6.9 f 5991 ' Total Operating Revenues $79,690 $ 338 Sales of Fixed Assets 1,189 1.1 1,189 ' Bond Defeasance Costs (3,053) (2.8) (3,053) Loan Proceeds 9,309 8.6 (3,395) Bond Proceeds -0- -0- (4,288) ' Cost of Issuance -0- -0- 96 Operating Transfers In 25,347 23.5 (18, 179) Miscellaneous (4.852) (4.51 4,883) Total Finance Sources 107 630 100.0% ($32. 175) xix 1 S Expenditure Analysis During the 1992/93 fiscal year, expenditures and interfund transfers amounted to $108.8 million which reflects a decrease of $25.9 million when compared to the previous fiscal year. , Debt Service expenditures saw a decrease of $6.2 million due to the difference in volume of activity in fiscal year 1991/92 (approximately $21.4 million) versus fiscal year 1992/93 (approximately $15.2 million). As mentioned earlier in this report, fiscal year 1992/93 activities included the defeasement of the 1988 Series B California Cities Financing Corporation ' Certificates of Participation. Engineering and Public Works had an expenditure decrease of ' approximately $4.8 million due primarily to the prior year implementation of Assessment District 89-1's street and drainage improvements of approximately $4 million. ' The Capital Outlay expenditures saw an increase over the prior year of $2.0 million. This increase represents completion in the prior year of two new ' fire stations and construction during the 1992/93 fiscal year of the Rancho Cucamonga Adult Sports Complex and related street improvements. General Administration expenditures increased over the prior year by almost , $2 million due primarily to 1992/93 start up costs for the two fire stations (Jersey Station No. 174 and Banyan Station No. 175) constructed in 1991/92 via redevelopment funding. ' The following is a recap of the 1992/93 fiscal year expenditures and interfund transfers by major function, including the percentage each , function represents of total expenditures, and the increase or (decrease) over the prior year: ERPENDITURES BY FUNCTION ' (amount in thousands) Increase , 1992/93 Percent (Decrease) Expenditures of Total from 91/92 , General Administration $12,945 11.9% $1,971 Public Safety 7,615 7.0 214 , Public Safety - Fire 7,839 7.2 377 Eng'rg & Public Works 7,789 7.1 (4,768) Community Development 6,160 5.7 (743) Community Services 1,702 1.6 (621) Capital Outlay 24,189 22.2 2,011 Debt Service 15.204 14.0 (6,204) ' Total Govt Expenditures 83,443 (7,763) Operating Transfers Out 25.347 23.3 (18, 179) Total Expenditures $108.790 100.0% 25 942 , xx C Proprietary Fund Type 1. Internal Service Fund ' The City maintains an internal service fund for Capital Replacement/Fleet Maintenance. This fund is supported by user charges to customers. Internal service funds account for services to the various departments within the ' City. The following represents activity during the current (1992/93) and previous (1991/92) fiscal years: 1992/93 1991 /92 Operating Revenues $ 496 $ 508 ' Non-Operating Revenues 139 125 635 633 LESS: Operating Expenses 133 167 Net Income (Loss) 502 466 ' The Internal Service Fund (Capital Replacement/Fleet Maintenance) increased its retained earnings by $36,780. The fees to the Internal Service Fund are a combination of direct transfers of funds approved during the budgetary process and a formula to recapture vehicle and equipment costs. 2. Enterprise Fund ' During fiscal year 1992/93,-the City implemented an Enterprise Fund for the Rancho Cucamonga Adult Sports Park described earlier in this report. ' 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 the first year of operations, the following represents activity during the current (1992/93) fiscal year only: 1992/93 (amounts in thousands) ' Operating Revenues $ 141 Non-Operating Revenues 4 ' 145 LESS: Operating Expenses (318) Net Income (Loss) $ (173) ' The Enterprise Fund had a net income during the 1992/93 fiscal year which represented only the first three months of business for this activity. xxi V. GENERAL FUND FIXED ASSETS General Fund 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, 1993, the general fixed assets of the ' City amounted to $125,355,267. This amount represents the original cost of the assets, net of additions and deductions from July 1, 1992 to June 30, 1993, 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 account, financial records, and transactions of all departments of the reporting entity was conducted by ' independent certified public accountants selected by the City Council. The Auditor's opinion has been included in the Financial Section of this report. VII. ACKNOWLEDGEMENTS ' The cover photograph on this 1992/93 CAFR, taken by Fred Licht Studios, is , the newly completed Rancho Cucamonga Adult Sports Park. The centerpiece of this facility is the 4.500 seat stadium, home of the Rancho Cucamonga Quakes, a California League Class "A" Team affiliated with the ' San Diego Padres. 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 Laffi, AIC City Manager Susan M. Stark Finance Officer ' xxii CITY•OF RANCHO CUCAMONGA, CALIFORNIA ' CITY OFFICIALS JUNE 30, 1993 ' 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 Debra Adams ' Redevelopment Agency Manager Linda Daniels Administrative Services Director Robert C. Dominguez ' Finance Officer Susan Stark ' Community Development Director Rick Gomez City Planner Brad Buller ' Building Official Jerry Grant ' City Engineer Joe O'Neil Community Services Manager Suzanne Ota ' xxiii The Rancho Cucamonga Team CTrY COUNCIL (RDA BOARD) ——— CTTY CLERK ——— (717 TREASURER (FIRE BOARD) OWMQVAMrAL Fi1STORIC PLANNING PUBIIC SAFETY PARK do RECREATION PRESERVATION COMMISSION COMMISSION COMMISSION COMMISSION COMMISSION t 1 1 --1 ------------------I 1 I I 1 CITY ATTORNEY C[PY MANAGER 1 I _ 1 I (contract) (RDA EXEC.DIR.) I 1 1 1 1 I 1 1 I 1 H I 1 1 I 1 1 1 I I 1 I I 1 1 I COMMUNf1Y DEAMEKTDEPT. i I I 1 I EMERGENCY RESOURCE ADMIN. TAW F[RE COMM. BLDG ENGIPW& PI ANNQdG SERVICES SERVICES SERVICES ENFORCEMENT DISTRICT SERVICES SAFETY MALNT Ai OW oaf ` ne,De "wr �1 1 b 010 FZD w F„u �wo smBembo llmhe Fo � � w mem rAt� � W —•—•—•----1— rarer `� �� � a �• x g seep rac 1 o a ! .60 lie III rAft FbM6 �. WOW L#t We Wan Iq tr&km Aa saw ko �.�- RMON 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. Certificate of i Achievement for Excellence 1 in Financial Reporting 1 Presented to 1 City of Rancho Cucamonga, California ' For its Comprehensive Annual Financial Report ' for the Fiscal Year Ended June 30, 1992 A Certificate of Achievement for Excellence in Financial , Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement ' systems whose comprehensive annual financial reports(CAFRs)achieve the highest standards in government accounting 1 and financial reporting. 1 To President i ,g sEu. act" Executive Director 1 xxvi ' Cali ornia Society of .f y Municipaf Finance Officers Certificate of Award Outstanding Financid*porting 1991 -92 Presented to City of Rancho Cucamonga W ql s certificate is issuedin recognition of meeting professionalstandards andcriteria in reporting which reflect a high levefof quality in the annual financialstatements andin the underlying accounting system from which the reports were prepared February 28, 1993 Chair,Professional&Technical Standards Committee President Dedicated to Excellence in Municipal financial Management This page intentionally left blank. , 1 FINANCIAL SECTION z 0 a d U z z w This page intentionally left blank. z 0 H U W .a d U z d z w r. 1MLance7200 S. Greenleaf Ave. Fred J.Lunghard, s Brandon W.Burrows I ISuite 280Donald L.Parker Whittier, California 90602 Michael K.Chu ghard (310)698-6727 David E.Hale (714)447-6727 ANC ,WN CUWw CFaX(310) 693-1599 Consultant CERTIFIED PUBLIC ACCOUNTANTS Robert C.Lance 1 1 City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 INDEPENDENT AUDITORS' REPORT 1 We have audited the general purpose financial statements of the City of Rancho Cucamonga, as of and for the year ended June 30, 1993 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 1 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, 1993, and the results of its operations and the cash flows of 1 its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. 1 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 1 and are not a required part of the general purpose financial statements of the City of 'i 1 MEMBER CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS L(SLLSE1 &ard�=��— ce 9h ' City Council ' City of Rancho Cucamonga Page 2 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 20 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 26, 1993 , L UOMm - zwo (nF- QF- wMwzF- (/) i 1 This page intentionally left blank. i i 1 t i 1 �1 i i i 1 i 1 i CITY OF RANCHO CUCAMONGA Exhibit A COMBINED BALANCE SHEET-ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30,1993 PROPRIETARY FIDUCIARY ACCOUNTGROUPS GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE General General TOTALS Special e t apna ntTr Fixed Long-Term (Memorandum Only) ASSETS AND OTHER DEBITS General Revenue Service Projects Enterprise Service Agency Assets Debt 1993 1992 Cash and investments(Note 3) $ 6,344,811 $19,838,118 $16,277,668 $70,926,275 $ 25,614 $2,844,181 $ 8,714,608 $ - $ _ $124,971,275 $136,901,350 _ 6,548,792 7,726,445 Cash and investments with trustee(Note 3) - 6,`.x48,792 - 6,890,428 - - 6,890,428 6,817,690 Restricted cash(Note 3) - " Investment-lend held for resale(Nota 1) - - 10,924,968 - - - - 10,924,960 6,459,841 Receivables(not of uncollectibles): 1,232,651 1,358,436 318,119 824,229 34,469 68,059 - - 3,835,963 3,488,816 Due from other funds(Note 13) 8,031,007 840,989 378,027 242,384 177,522 49,016 - _ 9,718,945 9,746,903 Deposits(Note 5) 635,000 - 1,140,852 - 15,000 - 1,790,852 1,156,780 Advances to other funds(Notes 6 and 13) 9,844,872 2,548,324 - 6,846,000 - - 19,239,196 15,144,221 Fixed assets'net book value (Notes 7 and 8) - - - - 285,615 _ 125,355,267 - 125,640,882 109,223,580 Amount available in debt service funds - - - 22,734,611 22,734,611 22,307,056 Amount to be provided for retirement of - - - - - 113,077,821 113,077,021 109,107,765 general long-term debt - Total Assets and Other Debits $25,453,341 $25,2211,867 $23,525,344 $90,904,708 $237,605 $3,144,796 $15,722,111 $125,355,267 $135,812,432 $445,376,471 $428,080,447 LIABILITIES.FUND EQUITY AND OTHER CREDITS Liabilities: - Accounts payable $ 417,142 $ 773,273 $ 18 $ 643,221 54,689 $ - $ 168,200 S S $ 2,062,192 $ 2,910,058 Accrued payroll payable 347,356 94,039 3221 19,604 - 9,536 _ 473,756 500,093 Accrued employee benefits(Note 11) 735,645 478,672 - - - - 1,134,076 2,348,395 2,086,607 Deposits 3,864 6,866,350 6,870,214 6,833,558 Due to other funds(Note 13) 2,177,961 4,680,004 295,318 2,048,024 158,986 - 358,652 _ _ 9,716,945 9,746,903 Due to other governments - 98,877 495,397 198,812 - 793,086 1,785,890 Deferred revenue(Notes 6 and 10) 3,325,154 864230 - - - - 4,189,384 3,564,588 Deferred compensation payable(Note 17) - - - - 2'582'260 _ 2'582260 2224,046 Obligation under capital leases(Note 11) - _ 49,944 79,505 129,449 303,178 Bond Indenture reserve requirement - - - 1,457,580 1,457,580 3,237,624 Payable to trustee - - 4'279'533 4,279,533 4,786,929 Advances from other funds(Notes 11 _ _ - - 19239,196 19,239,196 15,144,221 and 13) - - _ - 115,359,653 115,359,653 114,975,000 Bonds and notes payable(Note 11) - ' Total Liabilities 7,003,258 6,989,095 790,733 2,902,591 233,479 49,944 15,722,111 135,812,432 169,503,643 168,098,695 Fund Equity: - - 125,355,267 - 125,355,267 108,810,510 Investment in general fixed assets 177.522 _ _ - 177,522 - Contributed capital Retained earnings: _ _ _ - 3,094,852 2,592,566 _ Reserved(Note 14) - 3' - - (173,396) Unreserved - - (173'396) Fund balances: - - - 36,923,334 38,395,227 Reserved(Note 14) 7,592,563 8,359,356 - 20,971,415 - Unreserved: - - - 103,732,585 99,954,328 Designated(Note 14) 10,857,520 4,214,432 22,734,611 65,926,022 _ 6,762,664 10,229,121 Undesignated 5,557,984 - 1'169'680 Total Fund Equity and Other Credits 18,450,083 18,231,772 22,734,611 88,002,117 4,126 3,094,852 125,355,267 275,872,828 259,981,752 Total Liabilities,Fund Equity and Other Credits 525,453,341 $25,220,867 523,525,344 $90,904,708 $237,605 $3,144,796 $15,722,111 $125,355,267 $135,812,432 $445,376,471 $428,080,447 See Notes to Financial Statements 3 CITY OF RANCHO CUCAMONGA Exhlbit B Page 1 of 2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1993 GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Onlyl General Revenue Service Projects 1993 1992 Revenues: Taxes $ 11,973,111 $ 11,819,177 $ 19,674,552 $ 4,918,638 $ 48,385,478 $ 44,534,803 Licenses and permits 1,455,537 - - - 1,455,537 1,357,877 Fines and forlsh 328,664 62,466391,130 226,686 89 Use of money and property 1,033,732 779,530 540,435 4,545, 0 6,899,587 9,214,401 Intergovernmental 4,830,842 5,930,167 - 280,148 11,041,157 10,574,720 Charges for services 1,197,983 868,027 - - 2,066,010 2,292,045 Development fees - 2,016,608 - 2,016,608 3,604,792 Other 7,418,810 15,842 7,434,652 7,546,514 Total Revenues 28,238,679 21,491,817 20,214,987 9,744,676 79,690,159 79,351,838 Expenditures: Current: General government 5,484,379 1,115,818 2,260,304 4,084,009 12,944,510 10,973,782 Public safety 7,615,332 - - 7,615,332 7,401,199 Public safety-fire protection - 7,839,084 - 7,839,084 7,462,224 Engineering and public works 5,429,304 2,181,032 179,028 7,789,364 12,556,739 Community development 2,824,915 3,334,935 - - 6,159,850 6,903,264 Community services 951,671 750,599 1,702,270 2,322,517 Capital outlay - 3,169,604 - 21,019,187 24,188,791 22,177,981 Debt service: Bond defeasance costs - - 649,235 - 649,235 - Principal 115,130 24,275 5,223,685 - 5,363,090 12,330,694 Interest and fiscal charges 15,726 94,265 7,604,400 1,476,692 9,191,083 9,077,108 Total Expenditures 22,436,457 18,509,612 15,737,624 26,758,916 83,442,609 91,205,508 Excess of Revenues over (under)Expenditures $ 5,802,222 $ 2,982,205 $ 4,477,363 $ (17,014,240) $ (3,752,450) $ (11,853,670) See Notes to Financial Statement 4 m m m m m m rte■ m m m = man m m m m � s CITY OF RANCHO CUCAMONGA Exhibit B Page 2 of 2 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1893 _ GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) General Revenue Service Projects 1993 1992 Other Financing Sources(Uses): Operating transfers In $ 28,678 $ 3,166,608 $ 7,262,047 $ 14,890,071 $ 25,347,404 $ 43,526,168 Operating transfers out (142,029) (392,117) (8,329,001) (16,484,257) (25,347,404) (43,526,168) Sale of fixed assets 1,001,280 167,500 - - 1,188,780 - Bond proceeds - - - - 4,287,697 Bond defeasance costa - (3,053,257) - (3,053257) - Costs of issuance - - - - (95,613) Loan proceeds - - 566,280 8,742„402 9,308,682 12,703,549 Contribution to other funds - - - (45,025) (45,025) - Mlscellaneous - (3,549,134) (1,257,689) (4,806,823) 31,505 Total Other Financing Sources(Uses) 887,929 (91,266) (4,049,808) 5,845,502 2,592,357 16,927,138 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses $ 6,690,151 $ 2,890,939 $ 427,555 $ (11,168,738) $ (1,160,093) $ 5,073,468 Fund Balances: Beginning of Fiscal Year-as previously reported $ 11,759,932 $ 15,340,833 $ 22,307,056 $ 99,170,855 $ 148,578,676 $143,877,442 Restatements - - (372'234) Beginning of Fiscal Year-as restated 11,759,932 15,340,833 22,307,056 99,170,855 148,578,676 143,505,208 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 6,690,151 2,890,939 427,555 (11,168,738) (1,160,093) 5,073,468 End of Flaeel Year(Exhibit A) $ 18,450,083 $ 18,231,772 $ 22,734,611 $ 88,002,117 $ 147,418,583 $148,578,676 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 30,1993 GENERAL FUND SPECIAL REVENUE FUNDS Variance- Variance- Favorable Favorable Budget Artual _(Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $11,742,6W $ 11,973,111 $ 230,511 $ 10,834,015 $11,819,177 $ 985,162 Licenses and permits 1,357,250 1,455,537 98,287 - - Finea and forfeits 229,950 328,664 98,714 7,666 62,466 54,800 Use of money and property 511,000 1,033,732 522,732 413,739 779,508 365,769 Intergovernmental 4,086,440 4,830,842 744,402 6,825,814 5,930,167 (895,647) Charges for services 1,297,000 1,197,983 (99,017) 905,366 868,027 (37,339) Development fees - - - 1,857,900 2,016,608 158,708 Other 5,678,920 7,418,810 1,739,890 10,000 15,842 5,842 Total Revenues 24,903,160 28,238,679 3,335,519 20,854,500 21,491,795 637,295 Expenditures: Current: General government 7,557,054 5,545,264 2,011,790 1,337,443 1,154,401 183,042 Public safety 7,974,302 7,615,640 358,662 - - Engineering and public works 6,220,200 5,477,981 742,219 2,230,469 2,181,032 49,437 Community development 3,056,570 2,837,274 219,296 4,247,564 3,481,629 765,935 Community services 1,052,838 979,039 73,799 821,403 752,441 68,962 Public safety-fire protection - - - 8,233,770 7,839,084 394,686 Capital outlay - - - 6,670,298 3,650,646 3,019,652 Debt service: Bond defeasance costs - - - - Principal - 115,130 (115,130) - 24,275 (24,275 Interest and fiscal charges 15,726 (15,726) 75,OOD 94,265 (19,265) Total Expenditures 25,860,964 22,586,054 3,274,910 23,615,947 19,177,773 4,438,174 Excess of Revenues over (under)Expenditures $ (957,804) $ 5,652,625 $ 6,610,429 $ (2,761,447) $ 2,314,022 $ 5,075,469 See Notes to Financial Statements 6 .M � 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 30,1993 _ GENERAL FUND SPECIAL REVENUE FUNDS Variance- Variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers in $ - $ 28,678 $ 28,678 $ 787,000 $ 3,166,608 $ 2,379,608 Operating transfers out (142,029) (142,029) (392,117) (392,117) - Sale of land - 1,001,280 1,001,280 - 187,500 187,500 Bond proceeds - " Bond defeasance costa " Cost of Issuance - - (3,053,257) (3,053,257) Loan proceeds Contributions to other funds - - Miscellaneous - Total Other Financing Sources(Uses) 887,929 687,929 394,883 (91,266) (486,149) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) (957,804) 6,540,554 7,498,358 (2,366,564) 2,222,756 4,589,320 Adjustments: To adjust for encumbrances(Note 1) 149,597 149,597 - 668,161 668,161 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications (957,804) 6,6,'90,151 7,647,955 (2,366,564) 2,890,917 5,257,481 Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other 22 22 Uses for nonbudgeted funds(Note 1) - Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basis) $ (957,804) $ 6,690,151 $ 7,647,955 S (2,366,564) $ 2,890,939 $ 5,257,503 Fund Balances: Beginning of Fiscal Year -as previously reported $11,759,932 $ 11,759,932 $ - $ 15,340,833 $15,340,833 $ - Restatements(Note 15) - Beginning of Fiscal Year-as restated 11,759,932 11,759,932 15,340,833 15,340,833 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis) (957,804) 6,690,151 7,647,955 (2,366,564) 2,890,939 5,257,503 End of Fiscal Year $10,802,128 $ 18,450,083 $ 7,647,955 $ 12,974,269 Li 8,231,772 $ 5,257,503 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 30,1993 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance- Favorable Favorable Budget Actual (Unfavorable) Budget Actual _(Unfavorable) Revenues: Taxes $ 19,316,930 19,674,552 $ 357,622 S 4,793,136 $ 4,918,638 $ 125,502 Licenses and permits _ _ _ _ Fines and forleits Use of money and property 1,460,137 540,435 (919,702) 85,000 4,595,890 4,460,890 Intergovernmental - - - - 280,148 280,148 Charges for services - Development fees Other Total Revenues 20,777,067 20,214,987 (562,080) 4,876,136 9,744,676 4,866,540 Expenditures: Current: General government 3,685,239 2,260,304 1,424,935 5,288,961 4,386,015 902,946 Public safety _ _ _ Engineering and public works - - - 4,013,211 179,028 3,834,183 Community development - - _ _ _ Community services - - - Public safety-fire protection - _ _ _ Capital outlay - - 27,222,895 23,285,478 3,937,417 Debt service: Bond deleasance costs - 649,235 (649,235) - - Principal 7,896,025 5,223,685 2,672,340 8,615,773 - 8,615,773 Interest and fiscal charges 9,221,203 7,604,400 1,616,803 135,000 1,476,692 (1,341,692) Total Expenditures 20,802,467 15,737,624 5,064,843 45,275,840 29,327,213 15,948,627 Excess of Revenues over (under)Expenditures $ (25,400) $ 4,477,363 $ 4,502,763 $ (40,397,704) S (19,582,537) $ 20,815,167 See Notes to Financial Statements 8 = r M M r �r �r r r■ it ■r 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 30,1993 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- variance- Favorable Favorable Other Financing Sources(Uses): Budget Actual (Unfavorable) Budget Actual (Unfavorable) Operating transfers in $ 7,846,895 $ 7,262,047 $ (586,848) $ $ 14,890,071 $ 14,890,071 Operating transfers out (8,781,911) (8,329,001) 452,910 (13,813,141) (16,484,257) (2,671,116) Sale of land Bond proceeds Bond defeasance costs - Cost of Issuance - Loan proceeds - 566,280 566,280 5,699,841 8,742,402 3,042,561 Contributions to other funds - - (45,025) (45,025) Miscellaneous (2,893,605) (3,549,134) (655529) 9,484,338 (1,257,689) (10,742,027) Total Other Financing Sources(Uses) (3,626,621) (4,049,608) (223,187) 1,371,038 5,845,502 4,474,464 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses(Budgetary Basis) (3,852,021) 427,555 4,279,576 (39,026,666) (13,737,035) 25,289,631 Adjustments: To adjust for encumbrances(Note 1) 2'568'297 2'568297 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis)•Budgetary Classifications (3852,021) 427,555 4,279,576 (39,026,666) (11,168,738) 27,857,928 Clae Other Adjustments: To record excess of Revenues and Other Sources over(under) Expenditures and Other _ Uses for nonbudgeted funds(Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses(GAAP Basis) $ (3,852,021) $ 427,555 $ 4,279,576 $ (39,026,666) $ (11,168,738) $ 27,857,928 Fund Salano": $ 22,307,858 $ 22,387,056 $ - $ 99,170,855 $ 99,170,855 $ - Beginning of Fiscal Year -as previously reported Restatements(Note 15) " Beginning of Fiscal Year-as restated 22,307,056 22,307,056 - 99,170,855 99,170,855 - Excess of Revenues and Other Sources over(under) Expenditures and Other uses (GAAP Basis) (3,852,021) 427,555 4,279,576 (39,026,666) (11,168,738) 27,857,926 End of Fiscal Year $ -16,455,035 $ 22,734,611 $ 4,279,576 $ 60,144,189 $ 88,002,117 $ 27,857,928 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 30,1993 TOTALS(MEMORANDUM ONLY) 1993 1992 Varlance- Favorable Budget Actual (Unfavorable) Actual Revenues: Taxes $ 46,686,681 S 48,385,478 $ 1,698,797 $ 44,534,803 Licenses and permits 1,357,250 1,455,537 98,287 1,357,877 Fines and forfeits 237,616 391,130 153,514 226,686 Use of money and property 2,469,876 6,899,565 4,429,689 9,213,341 Intergovernmental 10,912,254 11,041,157 128,903 10,574,720 Charges for services 2,202,366 2,066,010 (136,356) 2,292,045 Development fees 1,857,900 2,C16,608 158,708 2,828,104 Other 5,688,920 7,434,652 1,745,732 7,546,514 Total Revenues 71,412,863 79,690,137 8,277,274 78,574,090 Expenditures: Current: General government 17,668,697 13,315,984 4,522,713 11,453,152 Public safety 7,974,302 7,815,640 358,662 7,401,964 Engineering and public works 12,463,880 7,838,041 4,625,839 13,283,361 Community development 7,304,134 6,318,903 985,231 6,963,716 Community services 1,874,241 1,731,480 142,761 2,325,898 Public safety-fire protection 8,233,770 7,839,084 394,686 7,462,224 Capital outlay 33,893,193 26,936,124 6,957,069 38,116,259 Debt service: Bond defeasance costs 649,235 (649,235) - Principal 16,511,798 5,363,090 11,148,708 12,330,694 Interest and fiscal charges 9,431,203 9,191,083 240,120 9,077,108 Total Expenditures 115,555,218 86,828,664 28,726,554 108,414,376 Excess of Revenues over (under)Expenditures $(44,142,355) $ (7,138,527) $ 3710031828 $ (29,840,286) See Notes to Financial Statements 10 ■r � r r r� r �r r rs �r ri rr r r r � r r r CRY 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 30,1993 TOTALS(MEMORANDUM ONLY) 1993 1992 Variance- Variance- Favorable Favorable Other Financing Sources(Utes): Budget Ac'ual (Unfavorable) (Unfavorable) Operating transfers in $ 8,635,695 $ 25,347,404 $ 16,711,509 $ 43,526,168 Operating transfers out (22,987,169) (25,347,404) (2,360,235) (43,526,168) Sale of land 1,188,780 1,188,780 4,287,697 Bond proceeds - - - - Bond defemance costs - - - - Cost of Issuance - (3,053,257) (3,053,257) (95,613) Loan proceeds 5,699,841 9,308,682 3,608,841 12,703,549 Contributions to other funds 3 (4,8(45,025) (45,025) - Miscellaneous 6,590,7306,823) (11,397,556) 31,505 Total Other Financing Sources(Uses) (2,060,700) 2,592,357 4,653,057 16,927,138 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (46,203,055) (4,546,170) 41,656,885 (12,913,148) Adjustments: To adjust for encumbrances(Note 1) 3,386,055 3,386,055 17,208,868 Excess of Revenues and Other Sources over(under) Expenditures and Other Uses (GAAP Basis)-Budgetary Classifications (46,203,055) (1,160,115) 45,042,940 4,295,720 Other Adjustments: To record excess of Revenues and Other Sources over(under)Expenditures and Other Uses for nonbudgeted funds(Note 1) 22 22 777,748 Excess of Revenues and 011ier Sources over (under) Expenditures and Other Uses(GAAP Basis) 1_(4 6,203,055) $ (1,160,093) $ 45,042,962 $ 5,073,468 Fund Balances: Beginning of Fiscal Year -as previously reported $148,578,676 $148,578,676 $ - $143,877,442 Restatements(Note 15) (372,234) Beginning of Fiscal Year-as restated 148,578,676 148,578,676 - 143,505,208 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses (GAAP Basis) (46,203,055) (1,160,093) 45,042,962 5,073,468 End of Fiscal Year 1102,375,621 $147,418,583 $ 45,042,962 $148,578,676 See Notes to Financial Statements 71 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, 1993 TOTALS Enterprise Internal Service Year ended June 30, Operating Revenues: Sports Complex Vehicle Replacement 1 9 9 3 1992 Charges for services $ 49,868 $ 495,960 $ 545,828 $ 507,560 Rents 29,094 29,094 .. Taxes 61,496 61,496 Total Operating Revenues 140,458 495,960 636,418 507,560 Operating Expenses: Salaries and benefits 167,545 167,545 - Administrative costs 1,512 - 1,512 - Mcintenance and operations 120,288 - 120,288 - Contrectual services 28,635 28,635 - Vehlele and equipment maintenance 5,297 5,297 3,977 Depreciation 127,455 127,455 163,401 Total Operating Expenses 317,980 132,752 450,732 167,378 Operating Income(Lose) (177,522) 363,208 185,686 340,182 Nonoperating Revenues: Interest Income - 139,078 139,078 121,070 Gain(loss)on sale of fixed assets - - 1,092 Miscellaneous 4,126 4,126 3,162 Total Nonoperating Revenues 4,126 139,078 143,204 125,324 Net Income $ (173,396) $ 502,286 $ 328,890 $ 465,506 Retained Earnings: Beginning of Fiscal Year-as previously reported $ - $2,592,566 $ 2,592,566 $ 2,130,502 Restatement (3,442) Beginning of Fiscal Year-as restated - 2,592,566 2,592,566 2,127,060 Net Income (173,396) 502,286 328,890 465,506 End of Fiscal Year(Exhibit A) $ (173,396) $3,094,852 $ 2,921,456 $ 2,592,566 See Notes to Financial Statements 12 r �r �r r� r r � r ■� r r r � r ■� r r r r CITY OF RANCHO CUCAMONGA Exhibit E STATEMENT OF CASH FLOWS PROPRIETARY FUND TYPE ENTERPRISE AND INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 TOTALS Enterprise Internal Service Year ended June 30, Sports Complex Vehicle Replacement 1993 1 9 9 2 Cash Flows from Operating Activities: Operating Income(Exhibit D) $ (177,522) $ 363,208 $ 185,686 $ 340,182 Adjustment to reconcile Operating Income to Net Cash: Depreciation(Exhibit D) - 127,455 127,455 163,401 Miscellaneous Income 4,126 - 4,126 3,162 Restatement of fund balance - - - (3,442) Changes in Assets and Uabll@les: (Increase)decrease In accounts receivable (34,469) - (34,469) - (Increase)decrease in due from other funds (177,522) - (177,522) - Increase(decrease)in accounts payable 54,889 - 54,889 (72,398) Increase(decrease)In accrued payroll payable 19,604 - 19,604 (5,620) Increase(decrease)in due to other funds 158,986 158,986 Total Adjustments 25,614 127,455 153,069 85,103 Net Cash Provided(Used)by Operating Activities (151,908) 490,663 338,755 425,285 Cash Flows from Capital and Related Financing Activities: Contributions from other funds 177,522 - 177,522 - Princlpal payments on capital leases - (22,202) (22,202) (20,539) Acquisition of fixed assets (3,162) Sale of fbxed assets 1,092 Net Cash Provided(Used)by Capital and Related Financing Activities 177,522 (22,202) 155,320 (22,609) Cash Flows from Investing Activities: Interest on Investments 139,078 139,078 121,070 Net Cash Provided(Used)by Investing Activities - 139,078 139,078 121,070 Net Increase(Decrease)in Cash and Investments 25,614 607,539 633,153 523,746 Cash and Investments at Beginning of Year 2,236,642 2,236,642 1,712,896 Cash and Investments at End of Year(Exhibit A) $ 25,614 $ 2,844,181 $ 2,869,795 $ 2,236,642 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, 1993 I. SIGNIFICANT ACCOUNTING POLICIES Note 1: Organization and Summary of Significant Accounting Policies a. Description of the Reporting Entity The City of Rancho Cucamonga is a reporting entity which consists of the following oversight and component units: Reporting Entity: Oversight Unit: City of Rancho Cucamonga Component Units: Rancho Cucamonga Redevelopment Agency Rancho Cucamonga Public Improvement Corporation Rancho Cucamonga Fire Protection District Oversight responsibility Is determined by such criteria as financial interdependency, selection of governing authority and designation of management, budget control, and the ability to significantly influence operations. The accompanying general purpose financial statements contain Information for the total reporting entity. The City of Rancho Cucamonga (an oversight unit) 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. 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 an Independent (self-govemed) special district formed pursuant to the State of California Health and Safety 14 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Code commencing with Section 13800, for the purpose of providing fire protection services. Effective July 1, 1989, the District was reorganized to a subsidiary district of the City of Rancho Cucamonga. The District continues to operate as a special district under the same Health and Safety Code provisions. As a subsidiary district, the City Council of the City of Rancho Cucamonga now serves as the District's governing Board of Directors. 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 sell-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. Types of Funds Governmental Fund Types The 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- tens debt. Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than those financed by Proprietary Funds). Proprietary Fund Types 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. 15 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Fiduciary Fund Types Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other governmental units, and/or other funds. Account Grou Fixed Assets and Long-Tenn 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-Tenn 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. 16 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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 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'govemmental fund inventories (H 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 Tenn 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. 17 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organlzatlon and Summary of Significant Accounting Policies (Continued) Public Safety - Fire Protection Includes activities of the fire protection district Involved in the protection of people and property from fire. 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 intergovemmental 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 covers the fiscal period July 1st to June 30th. All secured personal property taxes and one-half of the taxes on real property are due November 1st; the second installment Is due February 1st. All taxes are delinquent, if unpaid, on December 10th and April 10th respectively. Unsecured personal property taxes become due on the first of March each year and are delinquent, 9 unpaid, on August 31st. Grants, entitlements, or shared revenues recorded in governmental funds are recognized as revenue in the accounting period when they become susceptible to accrual, i.e., both measurable and available (modified accrual basis). Grants received before the revenue 18 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) recognition criteria has been met are reported as deferred revenue, a liability account. Such resources not received are reported as a receivable if the revenue recognition criteria has been met. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred; principal and Interest on general long-term debt is recognized when due. All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned and become measurable, expenses are recognized when they are Incurred If measurable. e. Budgetary Data General Budget Policies The City Council approves each year's budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the Council. Supplemental appropriations, where required during the period are also approved by the Council. There were several supplemental appropriations required during the year. There were no significant non-budgeted financial activities during the year. Actual expenditures may not exceed appropriations at the departmental level. However, the City Manager is authorized to transfer budgeted amounts between funds. 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: 800 MHZ Radio $ 22 f. Other Accounting Policies Total Columns on Combined Statements 'Memorandum Only' captions on combined statements - total columns mean that totals are presented for overview informational purposes only and that they do not fairly present financial position or results of operations for the governmental unit as a whole In conformity with generally accepted accounting principles. Interfund eliminations have not been made in the aggregation of these totals. Investments Investments are stated at cost. At June 30, 1993, the City held land for resale. This is also recorded at cost and since the City expects to sell this land at similar value, no decline in value of land held has been recognized. Claims and Judgments and Compensated Absences Claims and Judgments Only the short-term liability is reflected as a current liability in all applicable governmental fund types, the remainder of the liability is reported in the General Long-Term Debt Account Group. The short-term liability which will be liquidated with expendable available financial resources is the amount of settlement reached, but unpaid, related to claims and judgments entered. At June 30, 1993, there are no materia± long-term judgments against the City and no liability is reported in the General Long-Term Debt Account Group. At June 30, 1993 several claims have been made against the City. These arose in the normal course of business and in the City's opinion are without merit. The majority of the amounts sought would be covered by the City's insurance. A full explanation of these matters can be obtained from the City attorney. In addition, the City has determined that at June 30, 1993, there are no material incurred but unreported claims against the City. 20 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Compensated Absences The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The short-term portion is determined to be the amount due to employees for future absences which is attributable to services already rendered and which is expected to be paid during the next fiscal year. The total amount of liability for compensated absences is segregated between short-term and long-term as indicated above and are accordingly reflected in the General Fund, Fire District Special Revenue Fund and General Long-Term Debt Account Group. Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally, an employee can not accrue more than one and one-half times his regular annual entitlement. Sick leave is payable when an employee is unable to work because of illness. For City employees, those who terminate their employment after five years of continuous service and have at least 50% of 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. 21 City of Rancho Cucamonga Notes to Financial Statements (Continued) If. STEWARDSHIP Note 2: Stewardship, Compliance and Accountability a. The following funds contained deficit fund balances as of June 30: Special Revenue Funds: Beautification $ (928,384) b. Excess of expenditures over appropriations in Individual funds at the departmental level are as follows: Expenditures Appropriations Excess General Fund: Principal $ 115,130 $ $ 115,130 Interest and fiscal charges 15,726 - 15,726 Special Revenue Funds: Gas Tax Engineering and public works 1,152,700 1,152,317 383 Principal 24,275 - 24,275 Interest and fiscal charges 2,324 2,324 Drainage Facilities Capital outlay 39,287 - 39,287 Fire District Interest and fiscal charges 91,941 75,000 16,941 Debt Service Funds: Central Park Acquisition Bond defeasance costs 649,235 - 649,235 Public Improvement Corporation Interest and fiscal charges 147,238 146,485 753 Capital Projects Funds: Redevelopment Agency Interest and fiscal charges 1,476,692 135,000 1,341,692 22 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments Cash and Investments at June 30 consisted of the following: Cash on hand $ 1,280 Pooled Cash and Deposits 65,024,115 Pooled Investments 32,984,750 Investment in County of San Bernardino Investment Pool 20,071 Investment in State Treasury's Investment Pool 31,249,228 Investment with Fiscal Agent/Trustee 6,548,791 Deferred Compensation 2.582.260 Total Cash and Investments $ 138,410,495 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. Interest Income earned on pooled cash and Investments is allocated to the various funds based on the cash balances. Interest income from cash and investment with fiscal agent and in the deferred compensation plan is credited directly to the related fund. Pooled Cash and Non-Negotiable Certificates of Deposit All pooled cash and non-negotiable certificates of deposit are entirety Insured or collateralized. The California Government Code requires California banks and savings and loan associations to secure a City's deposits by pledging government securities as collateral. The market value of pledged securities must equal at least 110% of a City's deposits. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City's total deposits. The City may waive collateral requirements for deposits which are fully insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). Cash and Investments with Fiscal Agent The City has monies held by a fiscal agent pledged to the payment or security of certain bonds, certificates of certification, and lease obligations. The California Government Code provides that these monies, in the absence of speck statutory provisions governing the Issuance of these bonds, certificates, or leases, may be Invested in accordance with the ordinance, resolutions or indentures specifying the types of Investments its fiscal agent may make. These ordinances, resolutions, and indentures are generally more restrictive than the City's general investment policy. In no instance have additional types of investments, not permitted by the City's general Investment policy, been authorized. 23 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Cash and Investments - Deferred Compensation Plan The City offers its employees a deferred compensation plan created In accordance with Internal Revenue Code Section 457. The market value of the plan assets at June 30, 1993 is $2,582,260. A portion of the plan assets is held in savings accounts and is classified in the same manner as bank deposits. See Note 17 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 classed 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 $ 11,950,938 $ - $ 12,252,418 $ 10,713,396 Certificates of Deposit 600,000 53,711,999 - 54,311,999 54,311,999 Cash with Trustee 63 63 63 Totals $ 901,543 $ 65.662,937 $ $ 66,564,480 $ 65,025,458 Pooled Investments Authorized Investments Under provisions of the City's Investment Policy, and in accordance with Section 53601 of the California Government Code, the City may invest in the following types of Investments: Securities of the U.S. Government, or its agencies Small Business Administration Loans Certificates of Deposit Bankers Acceptance Commercial Paper Local Agency Investment Fund (State PooQ Deposits 24 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Passbook Savings Account Demand Deposits Repurchase Agreements Credit Risk, Carrying Amount and Market Value of Investments Investments of the City are summarized below. The Investments that are represented by speck 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. Govemment Securities $ - $ 14,793,553 $ $ 14,793,553 $ 15,130,092 Money Market Investments 17,984,447 17,984,447 17,984,447 Cafrfomia Municipal Bonds _ 206,750 _ 206.750 206,714 Total City Investments $ _ $ 32.984,750 $ _ $ 32.984.750 $ 33,321,253 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 $ 31,249,228 Investment in County of San Bernardino's Investment Pool $ 20,071 Investment with Trustee Some amounts Invested with trustees 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. 25 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Investments with Trustees $ 6,548.728 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 $ 2,582,260 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 $ 144,130 Community Development Block Grant 48,968 Park Bond Acts 572,649 FETSIM 22,093 State Department of Transportation 1.229.681 Total $2.017.521 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 5: 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$9,484,605 as of June 30, 1993 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 $3,008,592 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. 26 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: Balance Balance June 30, 1992 Additions Deletions June 30, 1993 Purchased/Contributed Assets: Land $ 42,093,493 $ 1,691,872 $ 315,109 $ 43,470,256 Building improvements 36,580,786 8,486,030 - 45,066,816. Improvements other than buildings 55,711 - - 55,711 Equipment and vehicles 9,627,411 457,528 234,236 9,850,703 Furniture and fixtures 3,035,664 71,506 3,107,170 Construction-in-progress 17,417,445 14,426,948 8,039,782 23,804,611 Total $ 108,810,510 $ 25,133,884 $ 8,589,127 $ 125,355,267 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 $ 831,904 $ 673,423 $ 158,481 Other equipment 5-10 years 61,032 37,173 23,859 Assets acquired through capital leases - equipment 5-10 years 294,745 191,470 103.275 Total $ 1,187,681 $ 902,066 $ 285,615 27 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 $10,706,554 of which $9,873,742 was the payroll for employees covered by the system for the year ended June 30, 1993. 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, 1992, but reflects all plan amendments adopted through June 30, 1993. Significant actuarial assumptions used in the valuation include (1) a rate of return 28 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 8: 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 $1,258,720 at June 30, 1992 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 970,196 Current employees: Accumulated employee contributions Including allocated Investment earnings 4,713,578 Employer-financed vested 3,453,731 Employer-financed nonvested 706,712 Total Pension Benefit Obligation $ 9.844,217 Net assets available for benefits at cost (Market Value = $12,524,113) 11.102,937 Assets In Excess of Pension Benefit Obligation $ 1,258,720 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 9 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 29 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, 1993 of $1,397,116 was made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1992. The contribution consisted of $1,397,116 normal cost (13.96% of current covered payroll). During the year, the City contributed $691,163 (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. Six-year trend Information for the City of Rancho Cucamonga follows: 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 Net assets available for benefits $ 3,629,308 $ 4,289,840 $ 5,213,200 $ 7,056,201 $ 8,838,496 $ 11,102,937 Pension benefit obligation $ 2,636,057 $ 3,455,000 $ 4,609,897 $ 6,387,889 $ 8,160,228 $ 9,844,217 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 % Assets in excess of pension benefit obligation $ 993,251 $ 834,840 $ 603,303 $ 668,312 $ 897,982 $ 1,258,720 Annual covered payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $ 10,546,252 $ 10,507,814 30 M M M M M M M M M w M M = M M M M M M 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 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 % Employer contributions. These contributions were made in accordance with actuarially determined requirements $ 308,950 $ 349,447 $ 476,976 $ 596,077 $ 728,532 $ 811,828 Annual covered payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $ 10,546,252 $ 10,507,814 Employer contributions expressed as a percentage of annual covered payroll 7.9 % 6.6 % 6.8 % 7.0 % 6.9 % 7.7 % For the fiscal year 1992-93, the net assets available for benefits expressed as a percentage of the pension benefit obligation and the unfunded (assets in excess 0 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 If. 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 $5,138,918. 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 rife, in an amount that varies from 1.092 percent at age Tilly 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. 31 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) '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 lf 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: 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. It. 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, 1992. Significant actuarial assumptions used in the valuation include (a) a rate of return on the Investment of present and future assets of 8.5 percent a year 32 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) compounded annually, (b) projected salary Increases of 5 percent a year compounded annually, attributable to inflation, (c) additional projected salary Increases of 2 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, 1992, but reflects all plan amendments adopted through June 30, 1993. The total Overfund Pension Benefit Obligation applicable to the employees was $46,673 at June 30, 1992 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 1.412,517 Current employees: Accumulated employee contributions Including allocated Investment earnings 3,229,783 Employer-financed vested 5,486,995 Employer-financed non-vested 256.387 Total Pension Benefit Obligation $10,385,682 Net assets available for benefits at cost (Market Value = $11,767,696) 10.432.355 Unfunded Pension Benefit Obligation $ (46.6 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 33 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) 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 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. 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 may be found in the California Public Employees Retirement System Annual Report. The six-year trend Information for the Rancho Cucamonga Fire Protection District follows: 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 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 % Overfunded (Underfunded) pension benefit obligation, expressed as a percentage of annual covered payroll 15.3 % 8.5 % 5.2 % 1.3 % (15.0) % (0.9) % Note 10: Deferred Revenue Deferred revenue as of June 30, 1993 consists of the following: General Fund - Interest accrued on advances to Rancho Cucamonga Redevelopment Agency which is measurable but not available (See Note 6) $ 3,008,592 General Fund - Increase in value of Treasury Investment Growth Receipt for which cash has not been received 279,062 General Fund - fees collected In advance 37.500 $ 3,325,154 34 M = 1111101 ! = = � M IMI r IMI 1• r i7 NI MI City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 10: Deferred Revenue (Continued) Special Revenue Funds - development fees collected in advance from various developers for future improvement projects. They are reported as follows: Beautification $ 54,812 Systems Development 806,429 Drainage Facilities 2.989 $ 864.230 Total $ 4,189,384 Note 11: Long-Term Debt a. A description of Individual components of long-term debt outstanding as of June 30, 1993 follows: Certificates of Participation: 1. $6,390,000 Certificates of Participation, Cafrfomla Cities Financing Corporation, 1988 Series B - On October 4, 1988, the Calitomla Cities Financing Corporation Issued $6,390,000 in Certificates of Participation with an average interest rate of 6.56% to assist the City In tax-exempt financing for its Central Park project. The City applied the net proceeds of the Certificates to the repayment Of an outstanding note with Lewis Construction Co., Inc. 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 March 15, 1989 and continue through September 15, 1994. 2. $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. 35 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) 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 $9,100,000 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 semiannually 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 Maturity Date Principal Interest Date Principal Interest. September 1 Amount Rate September 1 Amount Rate 1994 $1,855,000 6.100 % 2001 $ 1,865,000 6.800 % 1995 1,965,000 6.200 2002 1,990,000 6.850 1996 2,090,000 6.300 2003 2,130,000 6.900 1997 2,220,000 6.400 2004 2,275,000 6.950 1998 2,360,000 6.550 2005 2,435,000 7.000 1999 2,520,000 6.650 2006 3,230,000 7.050 2000 2,685,000 6.750 2019 53,990,000 7.125 2020 24,170,000 6.750 The Bonds maturing on or before September 1, 1999, are not subject to call and redemption prior to their stated maturities. Bonds maturing on or after September 1, 2000, are subject, at the option of the Agency, to redemption, in whole or in part, prior to their stated maturities on any date, commencing September 1, 1999. The bonds maturing September 1, 2019 and September 1, 2020 are subject to mandatory redemption in part from sinking account installments on September 1, 2007, and on each September 1 thereafter up to and Including September 1, 2020. The Revenues, except as provided below, are pledged in their entirety to the payment of principal of, and interest on and redemption premium, 9 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 36 w■ w r �■ ■� � w +� �w r w i w w w w w a� w 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 @ the Chino Basin Municipal Water District, fl 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, Qv) the Foothill Fire Protection District and (v) various school districts located within the project area. Under the terms of these agreements, the Agency has agreed that certain Tax Revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670(b), shall be pledged by the Agency to make certain cash payments or In lieu of contributions to each affected taxing agency. Such payments are to be made from Tax Revenues allocated to the Agency. Pledged Tax Revenues also do not include interest income on the various funds and accounts created by the series resolutions. Any such Investment income is available to the Agency to meet debt service payments on the bonds but is not specifically pledged therefore. In addition to providing for the pass-through of Tax Revenue to the County Free Library and the San Bernardino County Flood Control District, the agreement between the Agency and the County of San Bernardino also provides that Tax Revenues which would have been allocated to the County had not the Redevelopment Plan been adopted will be fully allocated to the Agency until fiscal year 1998-99. The agreement, however, further provides that the Agency must use such Tax Revenues for the development of certain regional facilities, as agreed to between the County and the Agency. The Agency anticipates satisfying this regional facilities requirement with certain previously received bond proceeds. 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. As of June 30 the principal and accrued unpaid interest amounted to $4,139,653. 37 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) Advances from Redevelopment Aaencv: 1. 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 offs(te 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. 2. During fiscal year 1990-91 the Redevelopment Agency loaned $2,456,000 to the City. This loan is non-interest bearing and the repayment date Is not stated. Capital Lease Obllaatlon: 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, 1993. Internal Long-Term Debt Fiscal Year Service Fund Account Group 1993-94 $ 27,499 $ 59,628 1994-95 27,497 27,499 Total Minimum Lease Payments $ 54,996 $ 87,127 Less: Amount Representing Interest 5,052 7,622 Present Value of Net Minimum Lease Payments $ 49.944 $ 79.505 b. Defeasance of Bonds On August 26, 1992 the City of Rancho Cucamonga placed $3,053,258, along with the City's $649,111 which remained in the trustee's reserve fund, Into an irrevocable trust with an escrow agent to defease the 1988 Series B, California Cities Financing Corporation, $6,390,000 Certificates of Participation. The outstanding balance of the certificates was $3,500,000 prior to defeasance. These monies were used to purchase U.S. Government securities in an amount sufficient to provide for all future debt service payments on the 1988 38 s �■■ r 1=111 r dam W W iiiiW an M �■ MMr� r■rr >• t■r i■ r� tie. r City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) certificates. As a result, the certificates are considered to be defeased and the liability for those certificates has been removed from the General Long-Term Debt Account Group. The City advance refunded the 1988 certificates to reduce its total debt service payments over the next three years by $3,864,159 and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $11,200 was Incurred. 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 Certificates of Participation - Fire Facility 9.400,000 Total Defeased $ 57,120,000 c. The following Is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 1993: Outstanding Outstanding JuIV 1. 1992 Additions Repayments June 30. 1993 Certificates of Participation: Central Park Acquisition $ 3,500,000 $ $ 3,500,000 $ Public Improvement Corporation 2,195.000 255,000 1,940,000 Total Certificates of Participation $ 5,695,000 $ $ 3,755,000 $ 1,940,000 Bonds: Tax Allocation Bonds - 1990 Issue $ 107,780,000 $ $ $107,780,000 Notes Payable $ 5,394,632 $ 338,096 $ 93,075 $ 5,639,653 39 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long-Term Debt (Continued) Outstanding Outstanding July 1. 1992 Additions Repayments June 30, 1993 Advances from Other Funds (loans between entities): City of Rancho Cucamonga $ 6,746,000 $ - $ - $ 6,746,000 Rancho Cucamonga Redevelopment Agency 8.398,220 8,970,586 4,875.610 12,493.196 Total Advances to Other Funds $ 15.144,220 $8,970,586 $ 4,875,610 $ 19,239,196 Obligation Under Capital Leases $ 231.032 $ $ 151.527 $ 79,505 Accrued Employee Benefits $ 1.064,568 $ 69.510 $ $ 1.134,078 Total Long-Term Debt Account Group $ 135.309,452 $9,378,192 $ 8,875,212 $ 135.812,432 d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June 30, 1993: Fiscal Year Bonds Notes Advances Total 1993-94 $ 7,855,668 $ 321,150 $ 20,738,380 $ 28,915,198 199495 9,654,905 321,150 - 9,976,055 1995-96 9,646,557 321,150 9,967,707 1996-97 9,642,161 321,150 9,963,311 1997-98 9,635,531 1,753,650 11,389,181 Later years 200,428,730 5,255,315 205.684,045 Total Debt Service $ 246,863,552 $ 8,293,565 $ 20,738,380 $ 275,895,497 Total Interest 137,143,552 2,653,912 1,499,184 141,296,648 Total Principal $ 109.720,000 $ 5,639,653 $ 19,239,196 $ 134,598,849 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). 40 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-Ponervilie-Colton Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 1986 $ 17,505,000 City of Rancho Cucamonga: Improvement Bonds, Improvement District 85-PD 7,334,776 Improvement Bonds, Assessment District No. 82-1R 5,961,249 Community Facilities District No. 84-1, Special Tax Bonds, Series A 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 Rancho Cucamonga Redevelopment Agency: Covina-Rancho Cucamonga-Calexico-Downey Housing Finance Agency, Residential Mortgage Revenue Bonds 22.074,000 Total $77.961.844 Note 13: Interfund Receivables and Payables The Individual fund Interfund receivable and payable balances at June 30, 1993 are as follows: Interfund Interfund Due from/to other funds: Receivables Pavables General Fund $ 8,031,007 $ 2,177,961 41 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Interfund Interfund Due from/to other funds: Receivables Pavables Special Revenue Funds: Gas Tax $ 719 $ S8325 58,637 - Park Development - 1,184,946 Beautification 1,500,000 Systems Development 267,345 - Park Bond Act 55,383 Drainage Facilities - 956,000 Pedestrian Grant 6,085 78,926 Federal Aid Urban 347,775 547,498 Community Development Block Grant 122,384 Assessment Administration - 3,010 SB 140 156,009 208,169 Sobriety Checkpoint Gram - 1,070 FETSIM Gram 16,814 SBA Tree Grant 201 Masi Commerce Center - 5,603 Fire District 4,419 - Debt Service Funds: Redevelopment Agency 378,027 295,318 Capital Projects Funds: Assessment District 84-1 - 1,666,663 Assessment District 86-2 - 25,625 Redevelopment Agency 242,384 355,736 Enterprise Fund: Sports Complex 177,522 158,986 Agency Funds: Assessment District 86-2 49,016 Assessment District 88-2 358.652 Total $ 9,718,945 $ 9,718,945 , 42 r r r rw w wo M ,W .m M M M W r M M r r as M �■ City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Interfund Interfund Advances from/to other funds: Receivables Payables General Fund $ 9,844,872 $ Special Revenue Funds: SB 325 225,000 Park Development Fund 1,187,870 - System Development Fund 65,000 - Drainage Facilities Fund 950,454 - Federal Aid Urban Fund 120,000 - Capital Project Funds: Assessment District 84-1 100,000 Redevelopment Agency 6,746,000 - Long-Tenn Debt Account Group: Rancho Cucamonga Redevelopment Agency 12,493,196 City of Rancho Cucamonga 6,746.000 Total $ 19,239,196 $ 19.239,196 Note 14: Fund Equity a. Reservation of Fund Balance The City has established certain fund balance 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. Reserved for Advances to Other Funds: General Fund $ 6.836.280 Special Revenue Funds: SB 325 $ 225,000 Park Development 1,187,670 System Development 65,000 43 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Special Revenue Funds: (Continued) Drainage Facilities $ 950,454 Federal Aid Urban 120.000 Total Special Revenue Funds $ 2.548,324 Capital Projects Funds: Assessment District: 84-1 $ 100,000 Redevelopment Agency 6.746.000 Total Capital Projects Funds $ 6,846.000 Total Reserve for Advances to Other Funds $ 16.230.604 Reserved for Encumbrances: General Fund $ 149.597 Special Revenue Funds: Gas Tax $ 86,428 SB 325 2,720 Recreation 4,140 Park Development 13,739 Landscape Maintenance Districts 146,394 System Development 3,868 Foothill Marketplace Community 11,996 Drainage Facilities 22,602 Federal Aid Urban 276,674 Community Development Block Gram 20,929 Assessment Administration 2,726 SB 140 2,487 South Etiwanda Drainage 11,996 FETSIM Grant 10,568 Masi Commerce Center 13,293 Measure 1 49,597 Total Special Revenue Funds $ 668.161 44 ■r r r r 1=1 r r r r� r� r r r �r rr r �■ r r City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Capital Projects Funds: Assessment District: 82-1R $ 66,223 Redevelopment Agency 2,502.074 Total Capital Projects Funds $ 2,568,297 Total Reserve for Encumbrances $ 3,386.055 Reserved for Land Acquisition: Special Revenue Funds: Fire District $ 400,000 Reserved for Tree Replacement: Special Revenue Funds: Landscape Maintenance Districts $ 52,404 Reserved for Termination Pay Outs: Special Revenue Funds: Fire District $ 200,000 Reserved for Radio System: Special Revenue Funds: Fire District $ 80,000 Reserve for Land Held for Resale: Capital Projects Funds: Redevelopment Agency $ 10,924,968 Reserved for Future Fire Station: Special Revenue Funds: Fire District $ 973,125 45 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Reserved for Capital Projects: General Fund $ 6.686 Special Revenue Funds: Gas Tax $ 14,940 SB325 1,260 Landscape Maintenance District 1,945,462 System Development 2,840 Drainage Facilities 15,760 Federal Aid Urban 115,000 Community Development Block Grant 8,300 S8140 2,490 Measure 1 121,140 Fire District 100,000 Total Special Revenue Funds $ 2,327,192 Capital Project Funds: AD 82-1 R $ 89,650 AD 84-2 36,000 Redevelopment Agency 506.500 Total Capital Project Funds $ 632,150 Total Reserve for Capital Projects $ 2,966,028 Reserved for Vehicle and Equipment Replacement: General Fund $ 600,000 Special Revenue Funds: Fire District $ 1,110,150 Intemal Service Fund $ 3,094,852 Total Reserved for Vehicle and Equipment Replacement $ 4,805,002 Total Reserved $ 40,018,186 46 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 1. Reserve for Advances to Redevelopment Agency This reserve Is used to Indicate that the long-term portion of Advances to Redevelopment Agency do not represent available, spendable resources even though they are a component of total assets. 2. Reserve for Encumbrances Amounts reserved for encumbrances are commitments for materials and services or purchase orders and contracts which are unperformed. 3. Reserve for land Acquisition This reserve represents amounts specified by the Fire District for future fire station land acquisition. 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. B. Reserve for Future Fire Station This reserve represents amounts segregated by the Fire District for use in constructing a fire station. 47 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 9. Reserve for Capital Projects This reserve represents projects legally approved by governing boards which have not been started as of the date of this report. 10. Reserve for 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 $ 1,500,000 Designated for changes in economic circumstances General Fund $ 6,561,796 Fire District 236.322 6,798,118 Designation for unforeseen major repairs Fire District 100,000 Designation for working capital Landscapte Maintenance Districts $ 2,795,360 Fire District 1.082,750 3,878,110 Designated for Continuing Projects Capital Projects Funds: Redevelopment Agency 65,926,022 Designation for Long-Term Employee Leave Pay Outs General Fund 1,000,000 Designation for Future Computer Equipment General Fund 400,000 Designation for Integrated Waste Management General Fund 270,826 Designation for Booking Fees General Fund 624,898 48 r� r r rr � r r � r r r r r r � r r■ r r I =1 M r1=1 r1=1 1=1 M r i M M M M M M City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Designation for City Facilities Capital Repairs General Fund $ 500,000 Designated for Debt Service Debt Service Funds: Central Park Acquisition $ 1,458 Public Improvement Corporation 288,207 Redevelopment Agency 22,444,946 Total Designated for Debt Service $ 22,734,611 Total $ 103,732,585 IV. OTHER DISCLOSURES Note 15: Summary Disclosure of Self-Insurance Contingencies The City is self-insured for the first $100,000 on each general liability claim against the City. The insurance coverage in excess of the self- insured amount is provided by California Municipal Insurance Authority (CMIA) up to a limit of $10,000,000. The City is also self-insured through CMIA for workers' compensation. The coverage is for $10,000,000 with no retention amount. Effective June 1, 1986, the City became a member of the California Municipal Insurance Authority, a joint powers authority of 22 California cities, for the purpose of pooling the City's risk for general liability losses with those of other member cities. The City's share in the pool was approximately 13.0% as of June 30, 1993. 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, 1993 is as follows: Unaudited $ 4,403,078 Revenues 4,484,602 Expenses Excess of Revenue Over Expenses $ 81,524 Net Increase in Fund Balance $ 81.524 $ 9,571,790 Total Assets 49 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 15: Summary Disclosure of Self-Insurance Contingencies (Continued) Unaudited Total Liabilities $ 9,164,772 Total Fund Balance 407.018 Total Liabilftles and Fund Balance $ 9.571.790 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 $584,193 is adequate to cover such losses. This designation exceeds the CMIA requirement of three times the City's seft-Insured retention. 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, 1993 the following balances of assets and liabilities were present: Carrying Amount Market Value Total Assets $ 2,582.260 Liability to Plan Participants $ 2.582,260 50 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 17: West End Communications Financing Authority The West End Communication 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 taw 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 and the Rancho Cucamonga Fire Protection District. The Board of Directors is comprised of the Chief Executive Officer and Finance Director of each member agency. Each Director has one vote. 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 SOOMHZ Communications Equipment which is, In tum, to be leased to the Agencies. Series A was Issued for $4,050,000 and the equipment acquired will be leased to the City of Chino. Series B was Issued for $5,620,000 and the equipment acquired will be leased to the Cities of Ontario and Rancho Cucamonga V. SIGNIFICANT EFFECTS OF SUBSEQUENT EVENTS Note 18: it has recently 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 happen during fiscal year 1993-94 and would cause a material reduction in available fund equity of the Capital Project Fund. 61 r 1 1 r This page intentionally left blank. , 1 r r r r � r r ' r r r C'3WZWcr < LL D, 2 � r ■� w� r � ar r r r r r r � r r r r � This page intentionally left blank. , CITY OF RANCHO CUCAMONGA Schedule 1 BALANCE SHEET GENERALFUND JUNE 30, 1993 TOTALS A S S E T S June 30, 1993 1992 Cash and Investments $ 6,344,811 $ 2,331,061 Receivables(net of allowance for uncollectibles): Taxes 310,628 295,819 Accounts 690,579 559,080 Interest 231,444 208,094 Due from other funds 8,031,007 7,645,804 Advances to other funds 9,844,872 5,749,896 Total Assets $ 25,453,341 $ 16,789,754 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 417,142 $ 454,956 Accrued payroll payable 347,356 375,297 Accrued employee benefits payable-current 735,645 562,839 Due to other funds 2,177,961 921,834 Deferred revenue 3,325,154 2,714,896 Total Liabilities 7,003,258 5,029,822 Fund Balances: Reserves: Reserved for encumbrances 149,597 298,270 Reserved for capital projects 6,666 - Reserved for advances to other funds 6,836,280 3,035,000 Reserved for vehicle and equipment replacement 600,000 - Unreserved: Designated for self-Insurance 1,500,000 993,038 Designated for long-term employee leave pay outs 1,000,000 375,727 Designated for future computer equipment 400,000 122,800 Designated for Integrated waste management 270,826 113,875 Designated for booking fees 624,898 284,710 Designated for city facilities'capital repairs 500.000 Designated for changes In economic circumstances 6,561,796 6,536,512 Undesignated Total Fund Balances 18,450,083 11,759,932 Total Liabilities and Fund Balances $ 25,453,341 $ 16,789,754 52 CITY OF RANCHO CUCAMONGA Schedule 2 STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1993 TOTALS Year ended June 30, 1993 1992 Revenues: Traces $ 11,973,111 $11,829,131 Licenses and permits 1,455,537 1,357,877 Fines and forfeits 328,664 213,226 Use of money and property 1,033,732 1,100,304 Intergovernmental 4,830,842 4,563,754 Charges for services 1,197,983 1,438,758 Other 7,418,810 7,443,319 Total Revenues 28,238,679 27,946,369 Expenditures: Current: General government 5,484,379 5,744,135 Public safety 7,615,332 7,401,199 Engineering and public works 5,429,304 6,850,126 Community development 2,824,915 3,780,370 Community services 951,671 1,198,406 Debt service: Principal 115,130 86,104 interest and fiscal charges 15,726 16,876 Total Expenditures 22,436,457 25,077,216 Excess of Revenues over(under)Expenditures 5,802,222 2,869,153 Other Financing Sources(Uses): Operating transfers in 28,678 823,164 Operating transfers out (142,029) (1,205,234) Sale of land 1,001,280 Total Other Financing Sources(Uses) 887,929 (382,070) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses $ 6,690,151 $ 2,487,083 Fund Balances: Beginning of Fiscal Year -as previously reported $ 11,759,932 $ 9,463,304 Restatements (190,455) Beginning of Fiscal Year-as restated 11,759,932 9,272,849 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 6,690,151 2,487,083 End of Fiscal Year(Schedule 1) $ 18,450,083 $11,759,932 53 r� r �r r r r �r r r� �■ ■r r� r r� ri 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 30,1993 T O T A L S-Year Ended June 30, 1993 1992 Variance- Favorable Budget Actual (Unfavorable) Actual Revenues: Property taxes $ 2,334,490 $ 2,395,951 $ 61,461 $ 2,634,740 Other taxes: Property transfer tax 200,000 209,614 9,614 281,392 Transient occupancy tax 8,000 57,333 49,333 4,560 Sales and use taxes 6,500,000 6,592,130 92,130 6,351,200 Admission tax 1,450 1,433 (17) 5,408 Franchise taxes 2,698,660 2,716,650 17,990 2,551,831 Total Taxes 11,742,600 11,973,111 230,511 11,829,131 Licenses and permits: Building permits 575,000 691,461 116,461 591,040 Business licenses 775,000 757,822 (17,178) 759,344 Other permits 7,250 6,254 (996) 7,493 Total Licenses and Permits 1,357,250 1,455,537 98,287 1,357,877 Fines,forfeMs and penalties: Court fines 139,000 214,871 75,871 213,226 Parking tickets and other 90,950 113,793 22,843 Total Fines and Forfeits 229,950 328,664 98,714 213,226 Use of money and property: Interest income 511,000 1,033,732 522,732 390,404 Rent 709,900 Total Use of Money and Property $ 511,000 $ 1,033,732 $ 522,732 $ 1,100,304 54 CITY OF RANCHO CUCAMONGA Schedule 3 Page 2 of 5 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30, 1993 T O T A L S-Year Ended June 30, 1993 1992 Variance- Favorable Budget Actual (Unfavorable) Actual Intergovernmental: Cigarette tax $ 11,780 $ 11,756 $ (2) $ 71,348 Motor vehicle In lieu 4,000,000 4,047,498 47,498 3,697,061 Trailer coach - - 13,398 Homeowners exemption and other subvention 19,600 83,764 64,164 77,833 Youth program reimbursements 52,830 28,786 (24,044) 83,876 State park grants - - - 126,387 FEMA grants - 152,418 152,418 - Waste management fees - 504,759 504,759 492,025 Off-highway motor vehicle 2,250 1,859 (397) 1,826 Total Intergovernmental 4,086,440 4,830,842 744,402 4,563,754 Charges for services: Plan check fees 354,000 360,946 6,946 331,359 Planning fees 200,000 253,269 53,269 219,944 Engineering fees 662,000 473,854 (188,146) 751,436 Sale of materials 50,000 48,825 (1,175) 53,818 Other charges for services 31,000 61,089 30,089 82,201 Total Charges for Services 1,297,000 1,197,983 (99,017) 1,438,758 Other: Cost reimbursements 5,643,920 7,396,250 1,752,330 6,853,506 Miscellaneous revenue 35,000 22,560 (12,440) 589,813 Total Other 5,678,920 7,418,810 1,739,890 7,443,319 Total Revenue $24,903,160 $28,238,679 $ 3,335,519 $27,946,369 55 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, 1993 T O T A L S-Year Ended June 30, 1993 1992 Variance- Favorable Budget Actual (Unfavorable) Actual Expenditures: General government: City council $ 64,000 $ 60,408 $ 3,592 $ 56,161 City manager 398,726 398,498 228 387,235 Public safety commission 315 175 140 646 City clerk 261,860 257,714 4,146 264,033 Personnel overhead 177,812 139,502 36,310 158,9D3 General overhead 2,407,345 1,600,695 806,650 1,947,406 Treasurer 1,575 1,452 123 1,878 Administrative services 938,888 871,341 67,547 262,271 Finance 453,250 433,558 19,692 515,022 Business licenses 130,030 128,250 1,780 167,527 Personnel 170,977 165,859 5,118 178,438 Purchasing 168,030 167,754 276 204,572 Risk management 75,730 68,989 6,741 81,882 Fire District administration 118,876 100,029 18,847 51,502 Redevelopment Agency Administration 814,890 - 814,890 - City facilities 1,374,750 1,151,040 223,710 1,680,604 Total General Government 7,557,054 5,545,264 2,011,790 5,958,080 Public safety: Police: Sheriff contract services 7,707,822 7,385,281 322,541 7,191,476 Animal control 75,010 47,378 27,632 - Emergency preparedness 191,470 182,981 8,489 210,488 Total Public Safety $ 7,974,302 $ 7,615,640 $ 358,662 $ 7,401,964 56 CITY OF RANCHO CUCAMONGA Schedule 3 Page 4 of 5 SCHEDULE OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL(BUDGETARY BASIS) GENERALFUND FOR THE FISCAL YEAR ENDED JUNE 30,1993 T O T A L S-Year Ended June 30, 1993 1992 Variance- Favorable Budget Actual (Unfavorable) Actual Engineering and public works: Engineering administration $ 491,900 $ 279,664 $ 212,236 $ 874,022 Development management 663,950 629,690 34,260 833,077 Traffic management 205,010 198,500 6,510 374,675 Project management 140,350 137,265 3,085 246,372 Construction management 346,660 340,997 5,663 550,525 Waste management 366,270 347,808 18,462 - Street and park maintenance 3,309,920 3,010,313 299,607 3,526,341 Vehicle maintenance 696,140 533,744 162,396 516,592 Total Engineering and Public Works 6,220,200 5,477,981 742,219 6,921,604 Community development: Planning commission 8,410 6,196 2,214 14,091 Administration 241,910 226,323 15,587 199,367 Planning 1,317,410 1,268,307 49,103 1,842,864 Historical preservation commission 3,770 3,214 556 3,840 Environmental management commission 430 75 355 409 Building and safety 1,484,640 1,333,159 151,481 1,728,653 Total Community Development 3,056,570 2,837,274 219,296 3,789,224 Community services: Community services 1,051,268 978,350 72,918 1,199,754 Park and recreation commission 1,570 689 881 1,880 Total Community Services $ 1,052,838 $ 979,039 $ 73,799 $ 1,201,634 57 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 30,1993 T O T A L S-Year Ended June 30 _ 1993 1992 Varlance- Favorable Budget Actual (Unfavorable) Actual Debt service: Principal $ - $ 115,130 $ (115,130) $ 86,104 Interest and fiscal charges 15,726 (15,726) 16,876 Total Debt Service 130,856 (130,856) 102,980 Total Expenditures $25,860,964 $22,586,054 $ 3,274,910 $25,375,486 Excess of Revenues over(under)Expenditures $ (957,804) $ 5,652,625 $ 6,610,429 $ 2,570,883 Other Financing Sources(Uses): Operating transfer In $ - $ 28,678 $ 28,678 $ 823,164 Operating transfer out - (142,029) (142,029) (1,205,234) Sale of land 1,001,280 1,001,280 Total Other Financing Sources(Uses) $ - $ 887,929 $ 887,929 $ (382,070) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) $ (957,804) $ 6,540,554 $ 7,498,358 $ 2,188,813 Adjustments: To adjust for encumbrances $ $ 149,597 $ 149,597 $ 298,270 Excess of Revenues and Other Sources over(under)Expenditures and Other $ (957,804) $ 6,690,151 $ 7,647,955 $ 2,487,083 Uses(GAAP Basis) Fund Balances: Beginning of Fiscal Year -as previously reported $11,759,932 $11,759,932 $ - $ 9,463,304 Restatements - (190,455) Beginning of Year-as restated 11,759,932 11,759,932 - 9,272,849 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (957,804) 6,690,151 7,647,955 2,487,083 End of Fiscal Year(Schedule 1) S 10,802,128 $18,450,083 $ 7,647,955 $11,759,932 58 This page intentionally left blank. ' cnvzcm mczm < MM r > — nm �o0 This page intentionally left blank. , 1 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 MHZ Fund ' Established to account for the revenue and disbursement of funds received as a result of the formation of the West End Communications Financing Authority which issued bonds to provide funds for the acquisition of certain capital equipment by the cities of Chino. Ontario, and Rancho Cucamonga, California. Fuel Efficient Traffic Signal Management Grant Fund (FETSUM 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. Fire District , Established to account for the revenue and disbursement of funds received by Rancho Cucamonga Fire Protection District in the course of that agency's , fire protection services. 1 CITY OF RANCHO CUCAMONGA Schedule 4 Page 1 of 3 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1993 Landscape ' Park Lighting Maintenance Systems Gas Tau SB 325 Recreation Development Beautification SB 300 Districts Districts Development A S S E T S Cash and Investments $3,111.811 $1,270.279 $ 430,812 E - E 626.428 $23.716 E 672.882 E 5,127.937 $ 911,162 Receivable,(net of allowance for uncollectibles) Taues - - 7.465 44,839 - Accounts - 67 - - - - - Deferred loans - - interest - - - - Grants _ 76,581' - - - Liens 13.613 - - - - - - - 14.389 Due from other funds 719 58.637 - - - - - - 267.345 Deposits - - 635.000 - - - - Advances to other funds 225.000 1.187.870 65,000 Total Assets 53,126,143 51,553,916 S 430.879 E 1,822,870 E 626.428 $23.716 S 680.347 E 5,172,776 $ 1,334,477 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable E 159,032 E - $ 36.059 E 1.771 E - $ - E 1'•692 $ 211.680 S 81 Accrued payroll payable 29,003 3,113 8,899 1.823 - - 1,330 21.476 5.294 Due to other funds - - - 1.184.946 1.500.000 - - - . Due to other goverrmwits Accrued employee benefits-current - - - - - Deferred revenue 54.812 806.429 Total Liabilities 188,035 3,113 42.958 1.188,540 1,554,812 3.022 233,156 811,804 Fund Balances: Reserves: Reserved for encumbrances 86,428 2,720 4.140 13,739 E - - - 146,394 3,868 Reserved for advances to other turd 225,000 - 1.187.870 - - - - 65.000 Reserved for capital projects 14.940 1,260 - - - - - 1.945,462 2.840 Reserved for tree replacement - - - 52.404 - Reserved for future fire station - - - - - - Re served for land acquisition - - - Reserved for termination pay outs Reserved for radio system - - - - - Reserved for vehicle and equipment replacement - - - Unreserved: Designated for changes In economic circumstances - - - Designated for unforeseen major repairs - - - " Designated for working capital - - - 2.795,360 De Undesignated 2,836,740 1,321,823 383.781 (567,279) (928,384) 23.716 677.325 450.965 Total Fund Balances 2,938,108 1,550,803 387,921 634.330 (928,384) 23.716 677.325 4,939.620 522.673 Toted Uabilitles and Fund Balances 53,126.143 51,553.916 S 430.879 S 1.822,870 E 626.428 $23,7/6 E 680,347 E 5,172,776 E 1,334,477 59 CITY OF RANCHO CUCAMONGA Schedule4l COMBINING BALANCE SHEET Page 2 of 3 ALL SPECIAL REVENUE FUNDS JUNE 30, 1993 Community Sen Sevaina/ Sobriety Air Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Quality 800 MHz ASSETS Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Grant Improvement Radio Cash and investments E - E 114,487 $ - $166,319 $ 2,256 $ 117,409 $817,080 E 245.936 $ - $ 146,453 $ 461 Receivables(net of allowance for uncollectibles) Accounts - 368 Deferred krans - - - - 78,422 - - - - - Interest - - - - - - - - - - Grants 55,393 - 72,841 250,070 156,453 - - - 1,070 - Llena - - Due from other funds - - 6.08.5 347,775 - - - 156.009 - - - Deposits - - - - Advances to other funds 950.454 120,000 .. Total Assets $ 55,383 $1,084,941 $ 78,926 $884,164 $ 237,131 $ 117,777 $817,080 $ 401,945 S 1,070 $ 146,453 $ 461 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable E - E - 5 $ - E 30,520 $ 3,747 E - $ - $ - $ 61 $ - Accrued payroll payable 216 - 560 5,805 6,156 - - - 498 - Duetootherfunds 55,393 956,000 78,926 547,498 122,384 3,010 - 206,169 1,070 - - Due to other governments - - 20.455 78.422 - - - - Accrued employee benefits-current - - - - Deferred revenue 2,989 Total Liabilities 55,383 959,205 79,926 568,513 237,131 12,915 208,169 1,070 559 Fund Balances: Reserves: Reserved for encumbrances - 22.602 - 276,674 20,929 2,726 - 2,487 - - - Reserved for advances to other hinds - 950.454 - 120.000 - - - - - Reservedforcapitalprojects - 15,750 - 115,000 8,300 - - 2,490 Re - - served for bee replacement - - - - - Reserved for future fire station - - - - Reserved for land acqubl9on - - - - - - - - - - Reserved for lamination pay outs - - - - - - Reserved for radio system - - - - - - - - - Reserved for vehicle and equipment replacement - - - - - - - - - - Unreserved: Designated for changes In economic circumstances - - - - - - - - - Designated for urdoroseen major repairs - - - - - - - - - - - Designated for working capital - - - - - - - - Undesignated (883,080) 11 96.023) (29,229) 102,136 817,080 188,799 145,894 461 Total Fund Balances 105,736 315,651 104,862 817,080 193,776 145,894 461 Total Uabllhies and Fund Balances $ 65,393 11,064,941 E 78,926 $884,164 $ 237,131 $ 117,777 $817,080 E 401,945 $ 1,070 $ 146,453 E 461 80 I CITY OF RANCHO CUCAMONGA Schedule 4 Page 3 of 3 COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1993 Foothill South Masi TOTALS FETSIM SBA Marketplace Etiwanda Commerce Fire June 30, Grant Tree Orarlt CommunDrainage Center Measure I District 1 9 9 3 1 9 9 2 ASSETS Cash and Investments S 1,797 S - E 12,995 S 17,479 S - S 1,434,338 $4.586.081 E 19,638,118 E 17,071,128 llecelvables(Trot of allowance for uncollectibles) Taxes - - - - - - - 52,304 203,401 Accounts - - - - 18,896 56,401 428,747 504,479 351,531 Deterred loam - - - - - - - 78,422 6,540 Interest - - - - - - 62,723 62.723 49,063 Grants 19,907 201 - - - - - 632.506 557,039 Liens - - - - - - - 28.002 33.787 Due from other funds - - - - - - 4,419 840,989 1,874,925 Deposits - - - - 635,000 635,000 Advances to other funds 2,548.324 2,548,325 Total Assets $ 21,704 $ 201 $ 12,995 $ 17,479 $ 18,896 $1,490.739 $5.081.970 $25,220.867 $23,330,759 LIABILITIES AND FUND BALANCES Usibllhbs: Accounts payable S - $ - $ - $ 5,433 $ - $ 2.246 $ 320,951 9 773,273 S 962,097 Accrued payroll payable 4.690 - - - - 6,974 - 94,039 116,426 Due to other funds 16,814 201 - - 5,603 - - 4,680,004 5,582.056 Due to other governments - - - - - - - 98,877 20,455 Accrued employee benefits-current - - - - - - 478,672 478,672 459,200 Deferred revenue 864,230 849,692 Total liabilities 21,704 201 5,433 5,603 9.220 799,623 6,969,095 7,989,926 Fuld Balances: Reserves: Reserved for encumbrances - - 11,996 10,568 13,293 49.597 - 668,161 364,021 Reserved lot advances to other funds - - - - - - - 2,548,324 2,548,325 Reeerved for capital projects - - - - 121,140 100,000 2,327,192 2,548,325 Reserved for tree replacement - - - - - - 52.404 54,514 Reserved for hdure fire station - - - - - - 973,125 973,125 627,529 Reserved for land acquisition - - - - - 400,000 400.000 400,000 Reserved for termination pay outs - - - - 200,000 200,000 120,000 Reserved for radio system - - - - 80,000 80,000 80,000 Fleserved for vehicle and equipment replacement - - - - - - 1,110,150 1,110,150 1,015,150 Unreserved: Designated for changes In economic circumstances - - - - - - 236,322 236,322 46,008 Designated for unforeseen major repairs - - - - - - 100,000 100,000 100,000 Designated for working capital - - - - - - 1,082,750 3,878,110 1,000,000 Undesignated 999 1,478 - 1,310,782 5,657,984 6,436,961 Tole[Fund Balances 12,995 12,046 13,293 1,481,519 4,282,347 18,231,772 15,340,833 Total Liabilities and Fund Balances $ 21,704 $ 201 $ 12,995 $ 17,479 $ 18,896 $1,490,739 $5.081,970 $25,220,867 $23,330,759 61 CITY OF RANCHO CUCAMONGA Schedule 5 Page 1 of 3 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 Landscape Perk Lighting Maintenance Systems Gas Tex SB 325 Recreation Development Beautification SB 300 Districts Districts Development Revenues: Taxes S S - E - E - $ - E - E 797,367 E 4,317,854 E - Finesendfodells - - - - - - - -the of money and property 122,345 64,255 - - 1,382 1,009 18,042 101,503 21,507 Intergovernmental 1,775,649 - - - - 5,091 - - 152,617 Charges for services - - 739,141 - - - - - Developmentfees - - - 496,873 272,724 - - - 629,068 Other 3,808 Total tlsvenues 1,897,994 64,255 739,141 496,873 224,106 6,100 815,409 4,503,165 603,192 Expenditures: Curren: Gerrard government - - - - - - 719.774 - - Engineering and public works 1,152,700 102,414 - - 31,456 - - - 576,330 Community development - - - - - - - 3,094,019 - Community services - - 684,611 63,990 - - - - - Public edey-Bre protection - - - - - - - - 407,49- Cepitel outlay 881,056 201,573 6,280 40,972 - - - - 9 Debt service: Principal 24,275 - - - - - - - - Interest and fiscal charges 2,324 - - - Tool Expenditures 2,060,357 303,987 692,891 104,962 31,456 719,774 3,094,019 983,829 Excess of Revenuee over (under)Expenditures (162,363) (239,732) 46,250 391,911 192,650 6,100 95,635 1,409,146 (180,637) Other Financing Sources(Uses): Operating transfers In - - - 3,053,257 - - - - Operating transfers out - - - (392,117) - - - - - Bond defeasance costa - - (3,053,257) - - - - Bond proceeds ' Sale of fbmd assets __ - ----- Total Other Financing Sources(uses) - (392,117) - - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 7321 46,250 E (206) E 192,650 $ 6,100 E 95,635 E 1,409,146 S (180,637) Fund Balances: Beginning of Fiscal Year-as previously reported 23,100,471 $1,790,535 E 341,671 $ 634,536 E (1,121,034) E 17,616 E 581,690 $ 3,530,474 $ 703,310 fbstatements - Beginning of Flscd Yew•as restated 3,100,471 1,790,535 341,671 634,536 (1,121,034) 17,616 58100 3,530,474 703,310 Excess of Revenues and Other Sources over(under)Expenditures and Od w Uses 182 (239,732) 46,250 (206) 1921650 6,100 95,635 1,409,146 (180,637) End of Fiscal Year(Schedule 4) .L2=j()8 S 1,550,803 S 387,921 $ 634.330 S (928.384) 123716 S 677,325 L_4,939,620 $ 522,673 62 CITY OF RANCHO CUCAMONGA Schedule 5 Page 2 of 3 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 Community San Sevaine/ Sobriety Air ' Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Quality BD0 MHZ Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 GrantImprovement Radio Revenues: Texas E - E - E - E - E - E - E - E - E - E - E _ Finn and fodetie - - - - - - Use of money and property - 75 - - - - - 6,919 - 4,727 22 Intergovernmental 11,609 - - 830.996 521,475 - - 29,182 1,998 126,987 - Charges for servos - - - - - - - - - Development fees - 193,793 - - - 399,764 7,800 - - - Other Total Revenue 11,609 193,868 800,996 521,475 399.764 7,800 36,101 1,998 131,714 22 Expenditures: Current: General govemmerd - - - - 348.749 - - - 19,043 Engineering and public works - 60,710 - 32,821 - - - 4,109 - - Community development - - - - 240,916 - - - - - Community services - - - - - - 1,998 - - Public safety-Bre protection - - - - - - - " Capital outlay 11,609 18,865 - 881,526 280,559 - - 117,102 - - - Debt service: Principal Interest and fiscal charges - - Total Expenditures 11,809 77.395 914,347 521,475 348.749 121,211 1,998 19,043 - Excess of Revenues over (under)Expenditure 116,473 113,351 51,015 7,800 (85.110) - 112,671 22 other Financing Sources(Uses): Operating transfer In - - - 113,351 - - - - - - Operating transfer out - - - - Bond defeasance cools Bond proceeds Sale of fixed awes - - - Total Other Financing Sources(Use) 113,351 - - - Excess of Revenue and Other Sources over(under)Expenditures and Other Uses E E 116,473 E E - E E 51,015 E 7,800 Lin,110) E - E 112,671 E 22 Fund Balances: Beginning of Fiscal Veer-as prevlonly reported E - E (10,737) E - E 315,651 E - E 53,847 E 809.280 E 278,886 E - E 33,223 E 439 Restatements Beginning of Fiscal Year-IS restated - (10,737) - 315,651 - 53.847 809.280 278,886 - 33,223 439 Excess of Revenues and Other Sources over(under)Expenditure and Other Uses 116,473 - 511015 7,800 85.110 112,671 22 End of Fiscal Year(Schedule 4) E E 105,736 E L315.651 E E 104.862 E 817,080 E 193,776 E E 145,894 E 461 63 CRY OF RANCHO CUCAMONGA Schedule 5 Page 3 of 3 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 Foothill South Masi TOTALS ' FETSIM SBA Marketplace Etiwanda Commerce Fire Year ended une 30, Grant Tree Grant Commun Drainage Center Measure I District 1 9 9 3 1992 Revenues: Tan $ - E - $ - S - $ - S - $6,703,956 $11,819,177 610,213,752 Fines and forfe86 - - - - 62,466 62,466 13,460 Use of money and properly - - - - 58,309 299,435 779,530 774,086 Inwilovemmental 19,907 68,303 - - - 828,914 1,587,439 5,930,167 5,523,506 Charges for services - - - - - 128,886 868,027 853,287 Development fees - - 20,000 20,000 26,586 - - 2,016,608 3,604,792 - Otlner 12,034 15,842 103,195 Total Revenues 19,907 68.303 20,000 20,000 26,586 887,223 8,794,216 21,491,817 21,086,078 EufMndltures: Current: General govemment - 7,005 7,954 13,293 - - 1,115,818 1,657,242 Engineering and public works 17,753 68,303 - - - 134,436 - 2,181,032 1,782,546 Community development - - - - - - - 3,334,935 3,024,527 Community services - - - - - 750,599 1,124,111 Public salary-Bre protection - - - - - - 7,839,084 7,839,084 7,462,224 Capital outlay 2,154 - - - - 163,556 157,031 3,169,604 3,853,952 Debt service: Principal - - - - - - 24,275 42,302 Interest and fiscal Merges - 91,941 94,265 116,605 Toted Expenditure; 19,907 68,303 7,005 7,954 13,293 297,992 8,088,056 18,509,612 19,063,509 Fxoess of Revenues over (under)Expenditures, 12,995 12,046 13,293 589,231 706,160 2,982,205 2,022,569 Other Financing Sources(Uses): Operating transfers len - - - - - - - 3,166,608 2,250,855 Operating transfers out - - - - - (392.117) (2,255,594) Bond defeseaMx cocks - - - - - (3,053,257) - Bond proceeds - - - - - - - 530.625 Say of fixed asset - 187,500 187,500 Toted Other Financing Sources(Uses) 187,500 (91,266) 525,886 Excess of Revenues and Other Sources over(under)Expenditures and Omer Uses $ $ S 12,995 $ 12,048 $ 13,293 $ 589,231 $ 893,660 S 2,89,939 $ 2,548,455 Fund Balances: Beginning of Fiscal Year-as previously reported $ - $ S - $ - $ - $ 892.288 $3,388,687 $15,340,833 $12.971,851 Realelemernt (179,473) Beginning of Fiscal Year-as restated - - - - - 892,288 3,388,687 15,340,833 12,792,378 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses 12,995 12,046 13,293 589,231 893,660 2,890,939 2,548,455 End of Fiscal Veer(Schedule 4) $ $ $ 12,995 $ 12,046 $ 13,293 $1,481,519 $4,282,347 618,231,772 $15,340,833 64 r� rw �r r r r tri rr rrr r r r� r r r ,� e r r 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, 1993 OAS TAX SB 325 RECREATION ' anence- variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes S - $ - $ - E - $ - $ - $ - $ - $ Fines and forfeits - - - - Use of money and property 57,540 122,345 64,805 25,800 64,255 38,455 - - - Intergovemmental 1,836,100 1,775,849 (60,451) - - - - - Charges for services - - - - - - 778,500 739,141 (39,359) Development fees - - - - - - - - - Other Total Revenues 1,893,840 1,897,994 4,354 25,800 64,255 38.455 778,500 739,141 (39,359) Expenditures: Current: General government1,152,70 - - Engineering and public works 1,152,317 0 (383) 105,920 102,414 3,506 - - - Community development - - - - - - - - - Community services - - - - - - 755,410 686,453 68,957 Public aefety-fire protection - - - - - - - - Capital outlay 1,261,309 967,486 293,823 650,460 204,293 446,167 11,261 10,578 683 Debt service: Principal - 24,275 (24,275) - - - - - Interest and fiscal charges 2,324 (2,324) - Total Expenditures 2,413,626 2,146,785 266,841 756,380 306,707 449,673 766,671 697,031 69.640 Excess of Revenues,over (under)Expenditures51 19,888) 48,791 271,195 (730,580) (242,452) 488,128 11,829 42.110 30,281 Other Financing Sources(Uses): Operating transfers In Operating transfers out Bond defeasance costa Bond proceeds - - - - - - Sele of fixed assets - - - Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uvea(Budgetary Bees) (519,986) (248,791) 271,195 (730,580) (242,452) 488,128 11,829 42,110 30,281 Adjustments: To adjust for encumbrances 86,428 66,428 2,720 2,720 4,140 4,140 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(OMP Basis) 1.aLS.986L S 1( 62,383) $ 357,623 S (730,580) S 39,7 $ 490,848 S 11,829 $ 46,250 S 34.421 Fund Balances: Beginning of Fiscal Yew-as previously reported $3,100,471 $3,100,471 S - $1,790,535 21,790,535 $ - $ 341,671 $ 341,671 $Restatements - - BeginningofFisaelYem-as restated 3,100,471 3,100,471 - 7780,535 1,790,535 - 341,671 317,671 - Excess of Expenditures and Other over Uses(OMP Basis) 519,986 162,363 357,623 30,580 ,732 490,848 11,829 46,250 34,421 End of Fiscal Yaw $2,580,485 $2,938,108 S 357,623 $1.059.955 $1,550,803 $ 490,848 $ 353,500 $ 387,921 $ 34,421 65 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, 1993 PARK DEVELOPMENT BEAUTIFICATION SB 300 Variance- Variance- Variance. Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual Unfavorable) Budget Actual Unfavorable) Taxes E - E - $ - E - E - E - S - E - E - Flnes and forfefis - - - - - - - ties of money and property - - - 1,382 1,382 80 1,009 929 I tergm'emmental - - - - - - - 5,091 5,091 Charges for services - - - - - DevelopmeMm x fees 530,000 496,673 (33,127) 208,650 222,724 14,074 - - - O Total Rarwistues, 530,000 496,873 (33,127) 208,650 224,106 15,456 80 6,100 6,020 Expenditures: Current: General ptwemrrent - - - - - - - Engineeringandpublicworks - - - 32,560 31,456 1,104 - - - Community development - - - - - Community services 63,993 63.9% 3 - - - - - - Public safely-fire protection - - - Capital outlay 457,110 54,711 402,399 - - - - - - Debt service: Principal - - - - - Interest and fiscal charges Total Expenditures 521.103 118,701 402,402 32,560 31,456 1,104 Excess of Revenues over (under)Expenditures 8,897 378,172 369,275 176,090 192,650 16,560 80 6,100 6,020 Other Financing Sources(Uses): Operating transfers In - 3,053,257 3,051,257 - - - - - - Operatingtrandersout (392,117) (392,117) - - - - - - - Bond defeaeence cosre (3.053.257) (3.053.257) - - - - - - Bond proceeds - - - - - Sale of fixed assets Total Other Financing Sources(Uses) (392,117) (392,117) Excess of Revenues and Other Sources over(under)Expenditures and Other Uvea(Budgetary Basle) (383,710) (13,945) 369,275 176,090 192,650 16,560 80 6,100 6,020 Adjustments: To adjust for encumbrances 13,739 13,739 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Beals) E1363,220) 1____M $ 383.011 E 178,080 E 192,650 E 16,560 $ 80 E 6,100 E 6,020 Fund Balances: Beginning of Fiscal Year-as previously reported E 634.536 E 634.536 E - E (1,121,034) E (1,121,034) E - E 17,616 E 17,616 E Restatement Beginning of Fiscal Year-as restated 634,536 634.538 - (1,121,034) (1,121,034) - 17,616 17.616 - Exceae of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Bents) (383,220) (M) 383,014 176,090 192,650 16,560 80 6,100 6,020 - End of Flecal Year E 251,316 E 634.330 E 383.014 E (944,944) E (928,384) E 16,560 E 17,696 L23.716 E 6,020 06 r M 11=11 IM = M = 11= M = = 1=1 CITY OF RANCHO CUCAMONGA Schedule 6 Page 3 of 9 COMULE OF REVENUES EXPENDIITURESI NG AND CHSCHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 1-101TTING DISTRICTS LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT ' Variance- Vanance. adance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable Budget Actual (unfavorable) Budget Actual (Unfavorable) Texas E 756,770 E 797,367 $ 40,597 $3,944,010 S 4,317,854 $ 373,844 $ - S - E Fines and forfeils - - - - - Use of m103,5910,030 21,507 11,47 oney and property 15,960 18,042 2,082 77,910 181,503 3 7 Intergovernmental - - - - - - - 152,617 152,617 Charges for services - - - - - . Development lees - - - - 535.000 629,068 94.068 Other 3.808 3,808 - TotalRevenues 772,730 815,409 42,679 4,021,920 4,503,165 481,245 545,030 803,192 258,162 Expenditures: Current: General govemmenl 811,591 719,774 91,817 - - 576,330 576,330 Engineering and public works - - - - - - Community development - - - 3,941,065 3,240,413 700,652 - - Community servkes - _ - _ Public Capital outlay 111,36 ere pvoDecllon - - - _ _ 572,765 7 161,398 Debt service: Principal Interest and fiscal charges Total Expenditures 811,591 719,774 91,817 3,941,065 3,240,413 700,652 1,149,095 987,697 161,398 Excess of Revenues over (under)Expenditures (30.861) 95,635 134,496 80,855 1.262,752 1,191,897 (604.065) (194,505) 419,560 Other Financing Sources(Uses): Operating trarnsfere In - - - - - - - - - Operating transfers out Bond defeasance coats Bond proceeds Sale of fixed assets - - Total Other Financing Sources(Uvea) -Excess of of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) (38,861) 95,635 134,496 80,855 1,262,752 1,791,897 (684,065) (184.505) 419,560 Adjustments: To adjust for encumbrances 146,394 146,394 - 3,86B 3,868 Excess of Revenues and Other Sources over(under)Expenditures and Other Urea(GAAP Basis) E (38.861) E 85,635 E 134,496 E 80,855 $1.409,146 $ 1,328,291 S (604.065) I_(180,637) S 423,428 Fund Balances: Beginning of Fiscal Year-as previously reported $ 581,690 E 587,690 $ - $3,530,474 $3.530.474 E - $ 703,310 E 703,310 $ Restatemema Beginning of Fiscal Yew-v restated 581,690 581,690 - 3,530,474 3,530,474 - 703,310 703,310 - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) (38,861) 954635 1340496 80,855 1,409,146 1,328,291 (604,065) (180,637) 423,428 End of Fiscal Year $ 542,829 $ 677,325 $ 134,496 $3,611,329 $4,939,620 E 1,328,291 $ 99,245 E 522,673 $ 423,428 67 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 30,1993 PARK BOND ACT DRAINAGE FACILITIES FEDERAL AID URBAN Varian ce- variance- ariance- Favorable Favorable Favorable Revenues: Budget Actual Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable) Taxes f - S - $ - f - $ - $ - $ - $ - f - Fines and forleW - - - - - - -Use of money and property - - - 210 75 (135) - - - lntergovemmantal 11,e20 11,609 (11) - - - 1,212,360 800,996 (411.364) Chargee for services - - - - - - - - DevelopmemMes - - - 104,590 193,793 89,203 - - Other Total Revenues 11,620 11,609 (11) 104,800 193,868 89,068 1,212,360 800,996 411,364 Expenditures: Currem: General government - - - - - - - Engineering and public works - - - 76,720 60,710 16,010 32,834 32,821 13 Community development - - - - - - - - Community services - - - - - - - - Public safety-Bre protection - - - - - - Capital outlay 11,620 11,609 11 - 39,287 (39,287) 1,251,525 1,158,200 93,325 Debt service: Principal - - - - - Interest and fiscal charges Total Expenditures 11,620 11,809 11 76,720 99,997 (23,277) 1,284,359 1,191,021 93,338 Excess of Revenues over (under)Expenditures 28,080 93,871 65,791 (71,999) (390,025) 31( 8,026) Other Financing Sources(Uses): Operating transfers In - - - - - - - 113,351 113,351 Operating transfers out - - - - - - - Bond defeasance - Bond Proceeds Sale of fixed assets Total Other Financing Sources(Uses) - - - 113,351 113,351 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) - - - 28,080 93,871 65,791 (71,999) (276,674) (204,675) Adjustments: To adjust for encumbrances 22,602 22,602 - 276,674 276,674 Excess of Revenues and Other Sources over(under)Expenditures and Ocher Uses(GAAP Basis) f S $ $ 28,080 S 116,473 $ 88,393 S (71,999) $ $ 71,999 Fund Balances: Beginning of Fiscal Year-as previously reported S - $ - $ - f (10,737) $ (10,737) S - $ 315,651 $ 315,651 $ Restatements - Beginning of Fiscal Year-as restated - (10,737) (10,737) - 315,651 315,651 - Exoees of Revenues and Other Sources over(under)Expenditures and Other (hes(GAAP Bash) 28,080 116,473 88,393 (71,999) 71,999 End of Fiscal Year f S $ S 17,343 $ 105,736 $ 88.393 $ 243,652 $ 315,651 $ 71,999 68 CITY OF RANCHO CUCAMONGA Schedule 6 Page 5 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, 1993 COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION SAN SEVAINE/ETIWANDA DRAINAGE anance- adance- anence- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Texas E - E - E - $ - S - $ - S $ _ $ Fines and IorteXa 7.790 - (7,790) Use of money and property - - Intergovernmental 921,390 521,475 (399,915) - - - Chargesforservices Development lees - - - 391,410 399,764 8.354 7,800 7,800 Other - - - - - Total Revenues 921,390 521,4753( 99.915) 399,200 399.764 564 7,800 7,800 Expenditures: Current: - General government - - 369,462 351,475 17,987 - - Engineering and public wods - > - - Community development 306,499 241,216 65,283 - Community services - Public eatery-Bre protection - 301,18 - - _ Capital outlay 600.094 8 296.906 - Debt service: Principal Interest and fiscal charges Total Expenditures 906,593 542,404 364.189 369.462 351,475 17,987 - Excess of Revenues over (under)Expenditures 14,797 (20.929) (35.726) 29,738 48,289 18,551 7,800 7,800 Other Financing Sources(Uses): - - Operatingtransfersln Operating transfers out Bond defeasance conn Bond proceeds Sale of fixed assets Total Other Financing Sources(Uses) - - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Basis) 14,797 (20,929) (35,726) 29,738 48,289 18,551 7,800 7,800 - Ad)ustme1d$: - _ _ To adjust for encumbrances - 20,929 20.929 2.726 2,726 Excess of Revenues and Other Sources over(under)Expenditures and Other - uses(OMP Basis) S 14,797 S E 1�4,79 ) S 29.738 E 51,015 E 21,277 $ 7,800 $ 7,800 $ Fund Balances: Beginning of Fiscal Year-ss previously reported $ - $ - $ - $ 53,847 $ 53,847 $ - $ 809,280 S 809,280 $ Restatements - Beginning of Fiscal Year-as restated - - - 53,847 53,847 - 809.280 809,280 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 14,797 - 1( 4.797) 29,738 51,015 21,277 7,800 7,800 End of Fiscal Year $ 14,797 $ $ (14.797) S 83,585 $ 104,862 $ 21,277 $ 817,080 $ 817,080 $ 69 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, 1993 813 140 SOBRIETY CHECKPOINT GRANT AIR QUALITY IMPROVEMENT - erlwm Variance. Variance= Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxes S E E E S $ $ E E Fines and lodeite - - -Use of money and property 430 6,919 6,489 - - - 3,400 4,727 1,327 Intergovammentel 295.450 29,182 (288268) - 1,998 1,998 135,000 126,987 (8,013) Chug"for services - - _ Development lees _ - Other Total Revenues - 295,880 36,101 59,779 1,998 1,998 1381400 131,714 (6,686) Expenditures: Current: General gownrmerd - - - - - - 75,940 19,043 56,897 w 4,10 1 Engineering and public works 4,110 9 - - _ - CommunKy,development - - - -2 - sonAces Public meet ry Bra protection 2.000 1.998 _ Capital outlet 291,342 119,589 171,753 - - - - - Debt service: Principal - - Interest and Bscal chargee Total Expenditures 295,452 123,698 171,754 2,000 1,998 2 75,940 19,043 56,897 Excess d Revenues over (under)Expenditures 428 (87,597) 025 (2.000) 2,000 62,460 112,671 50,211 Other Finencinp Sources(Uses): Operating transfers In - - - - - - - Operatlrp transfers out - - - - - Bond defeseance - Bond proceeds Sale of Pond sseee Total Other Financing Sources(Usss) Excess of Ravenuss and Other Sources over(under)Expenditures and Other uses(Budgetary Basis) 426 (87,597) (88,025) (21000) - 2,000 62,460 112,671 50,211 Adjustments: To adjust for encumbrances 2,487 2,487 Excess of Revenues and Other Sources over(under)Expenditures and Other Uvea(GAAP Base) $ 428 E (85,110) E (85,538) S (2,000) S $ 2,000 E 62,460 E 112,671 E 50,211 Fund Balances: Beginning of Fecal Year-as previously reported E 278.888 E 276,886 S - s - S - E - $ 33,223 $ 33,223 $ - Restetemerds ------ Beginning of Flecal Yw-as restated 278,886 278,886 - - - - 33,223 33,223 - Fscess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 428 (85,110) (85,538) (2,000) 2,000 62,460 112,671 50,211 End of Fiscal Year $ 279,314 E 193,776 S (85,538) S (2,0001 $ $ 2,000 $ 95,683 $ 145,894 $ 50.211 - 70 CITY OF RANCHO CUCAMONGA Schedule 8 Page 7 of 9 COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUALBUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1993 FETSIM GRANT SBA TREE GRANT FOOTHILL MARKETPLACE COMMUNITY variance- ante- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Tuft $ - E - E - $ - E - $ - $ - E - E - Fines and forfeits - - - - - - - - Use of money,and property - - - - - - - Intergovemmental 28,150 19,907 (8,243) 89,620 68,303 (21,317) - - - Charges,for services _ Development fees - - - - - 20.000 20.000 Other Total Revenues 28,150 19,907 (8,243) 89,620 68,303 (21,317) 20.000 20.000 Expenditures: Current: General government - - - - - - 20,000 19.001 999 Engineering and public works 25,620 17,753 7.867 89,620 68,303 21,317 - - Community development - - - - Community services Public safety-fire protection - - - - - - -Capital-may 2,530 2,154 376 - - - - - Debt service: Principal - - - - - - - Interest and fiscal charges Total Expenditures 28,150 19,907 8,243 89,82(1 68,303 21,317 20.000 19,001 999 Excess of Revenues over (under)Expenditures - 999 999 Other Financing Sources(Uses): Operating transrem In - - - - - Operating transient out Bond deleeaence cosh Bond proceeds Sale of fixed asset - Total Other Financing Sources(Uses) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budget y Best) - - - - - - 999 999 Adjustments: To adjust for encumbrances 11,996 11.9w - Excess of Revenues and Other Sources over(under)Expencif tures and Other Uses(GMP Basis) E - E E $ - E E E E 12,995 $ 12,995 Fund Balances: Beginning of Fiscal Year-es previously reported E - S - $ - E - S - E - S - E - E Restatements Beginning of Fiscal Year-as restated - - - - - Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) 12,995 12,995 End of Fiscal Year E E S E $ E $ E 12,995 E 12,995 71 CITY OF RANCHO CUCAMONGA Schedule e COMBINING SCHEDULE OF REVENUES Page 8 of 9 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 SOUTH ETIWANDA DRAINAGE MASI COMMERCE CENTER MEASURE I silence- Variance- anance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Texas S - $ - S - E - E - E - E - S - E - Flnes and forfeits - - - - - - - - - Use of money and property - - - - - - 20,120 58,309 38.189 Intergovernmental - - - - - 709,940 828,914 118,974 Charges for services - - _ _ _ Development fees 22.000 20,000 (2.000) 38.450 26,586 (11.864) - - Other Total Revenues 22.000 20,000 (2,00(1) 38,450 26,586 (11,664) 730,060 887,223 157,163 Expenditures: Current General govemmem 22,000 16,522 3,476 38,450 26,586 11,664 - - - Engineering and public world - - - - - - 134,438 134,436 2 Community development - - - - - - - - Community services - - - - - - - Public safely-fire protection - - - - - - - -Capital outlay - - - - - - 1,281,432 213,153 1,068,279 Debt service: Principal - - - - - - - - Interest and fiscal chargee Total Expenditures 22,000 16,571 3,478 36,450 28,586 11,664 1,415,870 347,589 1,068,281 Excess of Revenues over (under)Expenditures 1,476 1,476 - (685,810) 539,634 1,225,444 Other Financing Sources(Uses): Operating sounders In - - - - - - Operatlng transfers out Bond defessence casts - - - - - - - Bond Proceeds - Sale of fixed asesh Total Other Financing Sources(Useel - Excess of Revenues and Other Sources over(under)Expenditures,and Other Uses(Budgetary Basis) - 1,478 1,478 - - - (685,810) 539,634 1,225,444 Adjustments: To adjust for encumbrarlces 10,586 10,568 13,293 13,293 49,597 49,597 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) E E 12,046 S 12,046 $ $ 13,293 E 13,293 S (665,810) $ 589,231 E 1,275,041 Fund Balances: Beginning of Fled Year-as pwAously,reported S E - S - $ - $ - E $ 892,288 E 892,288 $ - Resmtements - Beginning of Flecal Year-as restated - - - - - - 692,288 892.288 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Bash) 12,046 12,046 13,293 13,293 (685.810) 589,231 1,275,041 _ End of Fiscal Year E S 12,046 S 12,046 E E 13,293 E 13,293 S 206,476 S 1,481,519 $ 1,275,041 72 M r ■� I CITY OF RANCHO CUCAMONGA Schedule 6 Page 9 of 9 COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL SPECIAL REVENUE FUNDS OR THE FISCAL YEAR ENDED JUNE 30, 1993 T O T A L S-Year Ended June 30, FIRE DISTRICT 11993 1992 Variance- ar ance- Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes $6,133,235 $6,703,956 S 570,721 E 10,834,015 E 11,619,177 E 985,162 E 10,213,752 Fines and forfeits 7,666 62,466 54,800 7,666 62,466 54.800 13,460 Use of money and property 194,469 299.435 104,966 413,739 779,508 365,769 773,026 Imergovemmental 1,586,184 1,587,439 1,255 6,825,814 5,930,167 (895,647) 5,523,506 Charges for services 126,866 128,886 2,020 905,366 868,027 (37,339) 853,287 Development fees - - - 1,857,900 2.016,608 158,708 2,628,104 12,03 Other 10,000 4 2,034 10,000 15,842 5,842 103,195 Total Revenues 8,058,420 8,794,216 735,796 20,654,500 21,491,795 637,295 20,308,330 Expenditures: Current: General government - - - 1,337,443 1,154,401 183,042 1,663,339 Engineering and public works - - - 2,230,469 2,181,032 49,437 1,782,546 Community development - - - 4,247,564 3,481,629 765,935 3,076,125 Community services - 821,403 752,441 68,962 1,124,264 Public safety-Bre protection 8,233,770 7,839,084 394,686 8,233,770 7,839,084 394,686 7,462,224 Capital outlay 278,850 157,031 121,819 6,670,298 3,650,646 3,019,652 4,160,125 Derinci al - - - 24,275 (24,275) 42,302 Interest and fiscal charges 75,000 81.941 16,941 75,000 94,265 (19,265) 116,605 Total Expenditures 6,587,820 8,088,056 499,564 23,615,947 19,177,773 4,438,174 19,427,530 Excess of Revenues over (under)Expenditures (529,200) 706,160 1,235,360 (2,761,447) 21314,022 5,075,469 880,800 Other Financing Sources(Uses): Operating transfers In 787,000 - (787,000) 787,000 3,166,608 2,379,608 2,250,855 Operating transfers out - - - (392,117) (392,117) - (2,255,594) Bond deferesmoe cosh - - - - (3,053,257) (3,053,257) - Bond proceeds - - - - 530,625 Say of feed asset' 187,500 187,500 - 187,500 187,500 Total Other Financing Sources(Uses) 787,000 1871500 599,500 394,683 (91,266) (486.149) 525,886 Excess of Revenues and Otilot Sources over(under)Expenditures and Other Uses(Budgetary Beals) 257.800 893,660 635,860 (2,366,564) 2,222.756 4,589.320 1.406,686 Adjustments: To adjust for encumbrancee 668,161 668,161 364,021 Excess of Revenues and Other Sources over(under)Expenditures,and Other Uses(GAAP Basle) S 257,800 $ 893,660 E 635,860 S (2.366,564) S 2,890,917 S 5,257,481 E 1,770,707 Fund Stilettoes: Beginning of Fiscal Year-as previously reported $3,388,687 $3.388,687 $ - $ 15,340,394 $ 15,340,394 $ - $ 13,749,123 Resta(emente - - - - (179,436) Beginning of Fiscal Year-a restated 3,388,687 3,388,687 - 15,340,394 15,340,394 - 13,569,687 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 257,800 893,660 635.860 (2,366,564) 2,890.917 5,257,481 1,770,707 End of Fiscal Year $3,646,487 14,202.347 S 635,860 S 12.973,830 S 18,231,311 S 5,257,481 S 15,340,394 73 � i 1 This page intentionally left blank. 1 1 i 1 i 1 1 i 1 pWml- () WCC > - UW LL. pZp This page intentionally left blank. , 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 September 1, 2020. All tax increments received are placed in this fund and ' are used to retire debt (bonded or loans from the City) in accordance with the Health and Safety Code. 1 1 CITY OF RANCHO CUCAMONGA Schedule 7 COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS JUNE 30,1993 Central Public TOTALS Park Improvement Redevelopment June 30, ASSETS Acquisition Corporation Agency 1993 1992 Cash and Investments $ $ $16,277,668 $16,277,668 $15,866,145 Cash and Investments with fiscal agent 1,458 288,207 6,259,127 6,548,792 7,726,445 Recetvables(net of allowance for uncollectibles): Tales - - 293,119 293,119 232,145 Other - - 25,000 25,000 26,030 Due from other funds - - 378,027 378,027 97,859 Due from other governments 2,738 2,738 Total Assets $ 1,458 $288,207 $23,235,679 $23,525,344 $23,948,624 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ - $ - $ 18 $ 18 $ 52,920 Due to other funds - - 295,318 295,318 15,150 Due to other governments - 495,397 495,397 1,573,498 Total Liabilities 790,733 790,733 1,641,568 Fund Balances: Unreserved: Designated for debt service 1,458 288,207 22,444,946 22,734,611 22,307,056 Undesignated Total Fund Balances 1,458 288,207 22,444,946 22,734,611 22,307,056 Total Liabilities and Fund Balances $ 1,458 $288,207 $23,235,679 $23,525,344 $23,948,624 74 CITY OF RANCHO CUCAMONGA Schedule e COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 Central Public TOTALS Park Improvement Redevelopment Year ended June 30, Acquisition Corporation Agency 1993 1992 Revenues: Taxes $ - $ - $ 19,674,552 $ 19,674,552 $ 17,535,979 ' Use of money and property 5,665 9,840 524,930 540,435 1,219,127 Total Revenues 5,665 9,840 20,199,482 20,214,987 18,755,106 Expenditures: Current: General government - 2,260,304 2,260,304 89,781 Debt Service: Principal - 255,000 4,968,685 5,223,685 11,492,388 Interest and fiscal charges 384 147,238 7,456,778 7,604,400 7,887,591 Bond defeasance costs 649,235 649,235 Total Expenditures 649,619 402,238 14,685,767 15,737,624 19,469,760 Excess of Revenues over (under) Expenditures (643,954) (392,398) 5,513,715 4,477,363 (714,654) Other Financing Sources(Uses): Operating transfers In - 392,117 6,869,930 7,262,047 20,385,345 Operating transfers out - - (8,329,001) (8,329,001) (21,119,764) Loan proceeds - 566,280 566,280 - Miscellaneous (3,549,134) (3,549,134) Total Other Financing Sources(Uses) 392,117 (4,441,925) (4,049,808) (734,419) Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses (643,954) (281) 1,071,790 427,555 (1,449,073) Fund Balances: Beginning of Fiscal Year-as previously reported 645,412 288,488 21,373,156 22,307,056 23,756,129 End of Fiscal Year(Schedule 7) $ 1,458 $ 288,207 $ 22,444,946 $ 22,734,611 $ 22,307,056 75 CITY OF RANCHO CUCAMONGA Schedule 9 COMBINING STATEMENT OV REVENUES,EXPENDITURES Page 1 of 2 . AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1993 CENTRAL PARK ACQUISITION PUBLIC IMPROVEMENT CORPORATION REDEVELOPMENT AGENCY Variance- Variance- Variance- Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $ $ - $ $ - $ - $ $19,316,930 $ 19,674,552 $ 357,622 Use of money and property 5,665 5,665 9,840 9,840 1,460,137 524,930 (935,207) Total Revenues 5,665 5,665 9,840 9,840 20,777,067 20,199,482 (577,585) Expenditures: Current: General government - - - - - - 3,685,239 2,260,304 1,424,935 Debt service: Principal 1,090,000 - 1,090,000 255,000 255,000 - 6,551,025 4,968,685 1,582,340 Interest and fiscal charges 198,140 384 197,756 146,485 147,238 (753) 8,876,578 7,456,778 1,419,800 Bond defeasance costa 649,235 (649,235) Total Expenditures 1,288,140 649,619 638,521 401,485 402,238 (753) 19,112,842 14,685,767 4,427,075 Excess of Revenues over (under)Expenditures (1,288,140) (643,954) 644,166 (401,485) (392,398) 9,087 1,664,225 5,513,715 3,849,490 Other Financing Sources(Uses): Operating transfers In - - - 392,117 392,117 - 7,456,778 6,869,930 (586,846) Operating transfers out - - - - - (8,781,911) (8,329,001) 452,910 Loan proceeds - - - - - - 566,280 566,280 Miscellaneous (2,893,605) (3,549,134) (655,529) Total Other Financing Sources(Uses) 392,117 392,117 (4,218,738) (4,441,925) (223,187) Excess of Revenues and Other Sources over(under) Expenditures and Other Uses $ (1,268,140) $ (643,954) $ 644,186 $ (9,368) $ (281) $ 9,087 $ (2,554,513) $ 1,071,790 $ 3,626,303 Fund Balances: Beginning of Fiscal Year $ 645,412 $ 645,412 $ $ 288,488 $ 288,488 $ $21,373,156 $ 21,373,156 $ End of Fiscal Year S (642,726) $ 1,458 $ 644,186 $ 279,120 $ 288,207 $ 9,087 $18,818,643 $ 22,444,946 $ 3,626,303. 76 CITY OF RANCHO CUCAMONGA Schedule 9 Page 2 of 2, COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES BUDGETANDACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1993 T 0 T A L S-Year Ended June 30, 1993 1992 Variance- Favorable Budget Actual (Unfavorable) Actual Revenues: , Taxes $ 19,316,930 $ 19,674,552 $ 357,622 $ 17,535,979 Use of money and property 1,460,137 540,435 (919,702) 1,219,127 Total Revenues 20,777,067 20,214,987 (562,080) 18,755,106 Expenditures: Current: General government 3,685,239 2,260,304 (1,424,935) 89,781 Debt service: Principal 7,896,025 5,223,685 (2,672,340) 11,492,388 Interest and fiscal charges 9,221,203 7,604,400 (1,616,803) 7,887,591 Bond defeasance costs 649,235 649,235 Total Expenditures 20,802,467 15,737,624 (5,064,843) 19,469,760 Excess of Revenues over (under)Expenditures (25,400) 4,477,363 4,502,763 (714,654) Other Financing Sources(Uses): Operating transfers In 7,848,895 7,262,047 (586,848) 20,385,345 Operating transfers out (8,781,911) (8,329,001) 452,910 (21,119,764) Loan proceeds - 566.280 566,280 - Miscellaneous (2,893,605) (3,549,134) (655,529) - Total Other Financing Sources(Uses) (3,826,621) (4,049,808) (223,187) (734,419) Excess of Revenues and Other Sources over(undeq Expenditures and Other Uses $ (3,852,021) $ 427,555 $ 4,279,576 $ (1,449,073) Fund Balances: Beginning of Fiscal Year $ 22,307,056 $ 22,307,056 $ $ 23,756,129 End of Fiscal Year S 18,455,035 $ 22,734,611 $ 4,279,576 $ 22,307,056 77 ' 1 This page intentionally left blank. ' 1 ozcm 0 � nmc- 0MT 1 1 1 1 This page intentionally left blank. i 1 1 1 1 i 1 1 1 1 1 1 1 1 1 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, 1993 TOTALS Assessment Districts Redevelopment June 30, A S S E T S 82-1 R 841 842 86-2 85-PD 89-1 Agency 1993 1992 Cash and Investments $ 316,633 $ 2,029,710 $ 67,779 $322,205 $ - $ 135,596 $ 68,054,352 $ 70,926,275 $ 89,187,216 Cash and Investment with fiscal agent - - - - - _ - - Investment-land held for resale - - - - - 10,924,968 10,924,968 6,459,841 Receivables(net of allowance for uncollectible): , Taxes - - - - - - 73,280 73,280 58,037 Accounts - - - - - 79,499 79,499 - Interest 1,095 - - 250 163,605 164,950 412,586 Loan - - - - 506,500 506,500 408,000 Due from other funds - - - - - 242,384 242,384 34,215 Deposita - - - - - - 1,140,852 1,140,852 506,780 Advances to other funds 100,000 6,746,000 6,846,000 6,846,000 Total Assets $ 316,633 $ 2,130,805 $ 67,779 5322,205 $ $ 135,846 $ 87,931,440 $ 90,904,708 $103,912,675 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 39,057 $ - $ 500 $ 116 $ - $ - $ 608,997 $ 648,670 $ 1,407,669 Accrued payroll payable 2,708 - 468 45 - - - 3,221 939 Deposita - - 3,864 - - - - 3,864 3,864 Due to other funds - 1,666,663 - 25,625 - 355,736 2,048,024 3,137,411 Due to other governments 198,812 198,812 191,937 Total Liabilities 41,765 1,666,663 4,832 25,786 1,163,545 2,902,591 4,741,820 Fund Balances: Reserved for encumbrances 66,223 - - - - 2,502,074 2,568,297 16,546,577 Reserved for advances to other funds - 100,000 - - - - 6,746,OD0 6,846,000 6,846,000 Reserved for capital projects 89,650 - 36,000 - - 506,500 632,150 - Reserved for land held for resale - - - - - 10,924,968 10,924,968 6,459,841 Unreserved: - Designated for continuing projects - - - - - - 65,926,022 65,926,022 68,074,602 Undesignated 118,995 364,142 26,947 296,419 135,846 162,331 1,104,660 1,243,835 Total Fund Balances 274,868 464,142 62,947 296,419 135,846 86,767,895 88,002,117 99,170,855 Total Liabilities and Fund Balances $ 316,633 $ 2,130,805 $ 67,779 $322,205 $ $ 135,846 $ 87,931,440 $ 90,904,708 $103,912,675 78 CITY OF RANCHO CUCAMONGA Schedule 11 COMBINING STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 TOTALS Assessment Districts Redevelopment Year ended June 30, Revenues: 62-1 R 841 84-2 862 85•PD 89-1 Agency 1 9 9 3 1992 Taxes T__- T - T_- T_- T_- $ - $ 4,918,638 $ 4,918,638 $ 4,955,941 Use of money and property 19,667 41,613 3,131 15,516 1,973 3,298 4,460,492 4,545,890 6,120,884 Intergovernmental 280,148 280,148 487,460 Total Revenues 19,867 41,613 3,131 15,516 1,973 3,298 9,659,278 9,744,676 11,564,285 Expenditures: Current: General government - - - - - 4,084,009 4,084,009 3,482,624 Engineering and public works 52,005 - 989 22,332 650 103,052 179,028 3,924,D67 Community development - - - - - - - 98,367 Capital outlay 117,171 - - - - - 20,902,016 21,019,187 18,324,029 Debt service: Principal - - - - - - - 709,900 Interest and fiscal charges 1,476,692 1,476,692 1,056,036 Total Expenditures 169,176 989 22,332 650 26,565,769 26,758,916 27,595,023 Excess of Revenues over (under)Expenditures (149,309) 41,613 2,142 (6,816) 1,973 2,648 _ (16,906,491) (17,014,240) (16,030,738) Other Financing Sources(Uses): Operating transfers In - - - - - - 14,890,071 14,890,071 20,066,804 Operating transfers out - - - - - (16,484,257) (16,484,257) (16,945,576) Bond proceeds - - - - - - 3,757,072 Costs of issuance - - - - (95,613) Loan proceeds - - - - - 8,742,402 8,742,402 12,703,549 Contributions to other funds - - - (45,025) - (45,025) - Miscellaneous (1,257,689) (1,257,689) 31,505 Total Other Financing Sources(Uses) - 4( 5,025) 5,890,527 5,845,502 17,517,741 Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses $ (149,309) $ 41,613 $ 2,142 $ (6,816) $ 4( 3,052E $ 2,648 $ (11,015,964) $ (11,168,738) $ 1,487,003 Fund Balances: Beginning of Fiscal Year-as previously reported $ 424,177 $ 422,529 $ 60,805 $ 303,235 $ 43,052 $ 133,198 $ 97,783,859 $ 99,170,855 $ 97,686,158 Restatements (2,306) Beginning of Fiscal Year-as restated 424,177 422,529 60,805 303,235 43,052 133,198 97,783,859 99,170,855 97,683,852 Excess of Revenues and Other Sources over(under)Expendi- tures and Other Uses (149,309) 41,613 2,142 (6,816) 4( 3,052) 2,648 (11,015,964) _ (11,168,738) 1,487,003 End of Fiscal Year(Schedule 10) $ 274,868 $ 464,142 $ 62,947 $ 296,419 $ $ 135,846 $ 86,767,895 $ 88,002,117 $ 99,170,855 79 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 1 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 ASSESSMENT DISTRICT 82-1 R ASSESSMENT DISTRICT 841 ASSESSMENT DISTRICT 84-2 arante- Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Taxer $ - S - S - E E - E - E - E - $ - use of nary and property 14,000 19,867 5,867 80,000 41,613 (18,387) 810 3,131 2,321 Intergovernmental Toted Revenues 14,000 19,867 5,867 80,000 41,613 (18,387) 810 3,131 2,321 Expenditures: Current: General government - - - _ _ _ - . Engineering and pudic works 52,188 52,005 193 - - - 51,120 989 50,131 Community development - - - - - - - Capital outlet' 300,252 193,394 116.858 Debt rervlce: Principal - - - - - Interest and fiscal chargee Total ExperWlalroa 352,440 235,399 117,041 51,120 989 50,131 Excess of Revenues over (under)ExpendWirer (338,440) (215,532) 122,908 60,000 41.613 (18,387) (50,310) 2,142 52,452 Other Financing Sourer s(Uses): Operating transfers In - - - Operating tra ndere out Bond proceeds Cort of Issuance Loan proceeds Contributions to other funds Miscellaneous Toted Other Financing Sources(Uses) - - Excess of Revenues,and Other Sources over(under)Expenditures and Other Uvea(Budgetary Beals) (339,440) (215,532) 122,908 60,000 41,613 (18,387) (50,310) 2.142 52,452 Adjustments: To adjust for encumbrances 86,223 66,223 Excess of Revenues,and Other Sources over(under)Expenditures and Other Uses(GAAP Basis) 5339.440 5 (149,309) 5189,131 E 60,001) S 41,613 S (10,387) E (50,310) S 2,142 E 52,452 Fund Balances: Beginning of Fisted Year,•as previously reported $ 424,177 E 424,177 E - $ 422.529 E 422,529 E - $ 60,805 E 60.805 $Restatements _ _ Beginning of Fecal Year-as restated 424,177 424,177 - 422,529 422,529 - 60,805 60,805 - Excess of Reverluea and Other Sources over(under)EgreMl- Wresand Other Uvea (338,440) 149,309 189,131 60,000 41,613 (18,387) (50,310) 2,142 52,452 End of Fiscal Year E 85,737 $ 274,868 E 189,131 E 482,529 E 464,142 1__118.3871 E 10,495 E 62,947 E 52,452 s0 r CITY OF RANCHO CUCAMONGA Schedule 12 Page 2 of 3 COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 ASSESSMENT DISTRICT 862 ASSESSMENT DISTRICT 85-PD ASSESSMENT DISTRICT 89-1 Varian ee- Variance- Variance- Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Urdavorable) Taxes E . $ - E - E - E - $ - S - $ - $ - Use of money and property 4,500 15,516 11,016 1,210 1,973 763 4,480 3,298 (1,182) hdergova nmenlal Total ibvenues 4,500 15,516 11,016 1,210 1,973 763 4,480 3,298 (1,182) Expenditures: - Current: General government Engineering and pudic works 65,410 22,332 43,078 - - - 650 650 - Community development - - - - - - - Capital outlay Debt service: Principal Interest and fecal chargee 7 - Total Expenditures 65,410 22,332 43,078 - 650 650 - Excess of Revenues over (under)Expenditures (60,910) (6,816) 54,094 1,210 1,973 763 3,830 2,648 (1,182) Other Financing Sources(Uses): Operating transfers In Operating tandem out Bond proceeds Cost of Issuance Lown proceeds - - - - - Contributions to other funds - - - (45,025) (45,025) Miaoellaneous - - TotalOtherFinancing Sources(Uses) (45,025) (45,025) Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Beats) (60,910) (6,816) 54,094 1,210 (43.052) (44.262) 3,830 2,648 (1,182) Ad)uslmsMe: To adjust for erwumbmnces - - Exome of Revenues and Other Sources over(under)Expenditures and Other Uses(GMP Basis) $ (60910) E (6,816) E 54.094 E 1,210 E (43,052) E (44,262) S 3,830 S 2,648 E 1,182 Fund Balances: Beginning of Flecal Year-as previously reported E 303,235 E 303.235 E - $ 43,052 $ 43,052 E - $ 133,198 E 133,198 $ Restatements Beginning of Fiscal Year-ee resteted 307,235 303,235 - 43,052 43,052 - 133,198 133,198 - Exoes a of Revenues and Other Sources over(under)Expendi- hat and Other Uses (80,910) (6,816) 54,094 1,210 (43,052) (44,262) 3010 2,648 1,182 End of Fiscal Year E 242,325 f 296,419 E 54,094 E 44,262 EE (44,262) $ 137,028 S 135,846 S 1,182 81 CITY OF RANCHO CUCAMONGA Schedule 12 COMBINING SCHEDULE OF REVENUES Page 3 of 3 EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL(BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 T O T A L S-Year Ended June 30, REDEVELOPMENT AGENCY 1993 1992 Variance- Variance- Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes E 4,793,136 E 4,918,638 E 125.502 E 4,793,136 E 4,918,638 E 125,502 E 4,955,941 Use of money and property 4,460,492 4,460,492 85,000 4,545,090 4,460,890 6,120,884 Intergovernmental 280,148 280,1411_ 280,148 280,148 487,460 Total Revenues 4,793,136 9,659,278 4,866,142 4,878,136 9,744,676 4,868,540 11,564,285 Expenditures: Current: General govemmerd 5,288,961 4,386,015 902,946 5,288,961 4,386,015 902,946 3,741,952 Engineering and public eorle, 3,843,843 103,052 3,740,791 4,013,211 179,028 3,834,183 4,579,211 Community development - - - - - - 98,367 Capital outlay 28,922,043 23,102,084 3,820,559 27,222,895 23,285,478 3,937,417 33,956,134 DebteerAw Principal 8,815.773 - 8.615,773 8,615,773 - 8,615,773 709,90U IMereet and fiscal charges 135,000 1,476,692 (1,341.692) 135,000 1,476,692 (1,341,692) 1,056,036 Total Expenditures 44,806,220 29,057,843 15,738,377 45,275,840 29,327,213 15,948,627 44,141,600 Excess of Revenues over (under)Expenditures (40,013,084) (19,408,565) 20,601,519 (40,397,704) (19,582,537) 20,815.167 (32,577,315) Other Financing Sources(Uses): Operating transfers in 1,193,654 14,890,071 13,696,417 - 14,890,071 14,890,071 20,066,804 Operating transfers out (13.813,141) (16.484,257) (2,671,116) (13,813,141) (16,484.257) (2,671,116) (18,945,576) Bond proceeds - - - - - - 3,757,072 Cwt of Issuance - - - - - - (95,613) Loan prooseds 5,699,841 8,742,402 3,042.561 5.699,841 8,742,402 3,042,561 12,703,549 Contributions to other funds - - - - (45.025) (45.025) - Mhwllaneous 9,484,338 (1,257.689) (10,742,027) 9,484,338 (1,257,689) (10,742,027) 31,505 Total Ober Financing Sources(Uses) 2,564,692 5,890,527 3,325,835 1,371,038 5,845,502 4,474,464 17,517,741 Excess of Revenues and Other Sources over(under)Expenditures and Other Uses(Budgetary Bash) (37,448.392) (13,518,036) 23,930,354 (39,026,666) (13,737,035) 25,289,631 (15,059,574) Ad)ustmefds: To adjust for encumbrances 2,502,074 2,502,074 2,560,297 2.568.297 16,546,577 Excess of Revenues and Other Sources over(under)Evenditures and Other uses(GAAP Bash) E (37,448,392) S(11,015,964) E 26,432,428 S 21,026,6661 E (11,168,738) S 27,857,928 E 1,487,003 Fund Balances: Beginning of Fowl Year-as previously reported E 97,783,859 $ 97,783,859 E E 99,170,855 E 99.170,855 $ - S 97,686,158 Restatements (2,306) Beginning of Fiscal Year-as restated 97,783,859 97,783,859 - 99,170,855 99,170,855 - 97,683,852 Excess of Revenues and Other Sources over(under)Expendl- nim and Other Uses (37,448,392) (11,015,964) 26,432,428 (39,026,666) (11,168,738) 27,857,928 1,487,003 End of Fiscal Year E 60.335,467 $ 86,767,895 E 26.432.428 S 60,144,189 S 88,002,117 E 27,857,928 $ 99,170,855 82 I L - Ono - Qm >- LLDZO 1 This page intentionally left blank. ' AGENCY FUNDS Special Deposits Fund Established to account for all deposits held by the City in its fiduciary capacity. Deferred Compensation Fund ' Established to account for employee-deferred earnings restricted to be paid at a later date to said employee upon termination or retirement from the City of Rancho Cucamonga. ' Assessment District 82-IR Fund Established to account for assessments received under the Refunding Act of 1984 for 1915 Improvement Act Bonds. Assessments received are restricted for payment of principal, interest, and penalties thereon, upon ' presentation of proper coupons. Assessment District 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 842 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, 4lnd 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. 1 CITY OF RANCHO CUCAMONGA Schedule 13 COMBINING BALANCE SHEET ALLAGENCY FUNDS JUNE 30,1993 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 88-2 89-1 1993 1992 Cash and investments $ $ 2,582,260 $ 1,299,983 $ 1,324,511 $ 336,854 $ 399,238 $ 977,628 $ 948,755 $ 845,379 $ 8,714,608 $10,209,158 Restricted cash 6,890,428 - - - - - - - 6,890,428 6,817,690 Receivables(net of allowance for uncollectibles): Accounts - - - - - -1'� Interest - - - - - - 12,688 12,688 15,216 Taxes - - 12,160 - 17,001 2,027 21,269 2,914 - 55,371 71,428 Due from other funds 49,016 49,016 94,100 Total Assets $ 8,890,428 .L2 $ 1,312,143 $ 1,324,511 $ 353,855 $ 450,281 $ 998,897 L951 L858 11171111 $17,208,592 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 24,078 $ $ $ $ - $ - $ 144,122 $ - $ - $ 168,200 $ 32,416 Accrued payroll payable - - - - - 9,536 - - 9,536 7,431 68 Deposits 8,8 ,350 - - - - 6,866,350 6,829,694 Due to other funds - - - - 356,652 - 358,652 90,452 Deferred compensation payable - 2,582,260 - - - - - 2,582,260 2,224,046 Bond Indenture reserve requirement - - 476,900 - 171,679 205,934 125,000 - 478,067 1,457,580 3,237,624 Payable to trustee 835,243 1,324,511 182,176 244,347 720,239 593,017 380,000 4,279,533 4,786,929 Total Liabilities $ 6,890,426 $ 2,562,260 11312 143 $ 1,324,511 $ 353,855 A-4-50 281 $ 998,897 $ 951,669 $ 856,067 $15,722,111 $17,208,592 83 CITY OF RANCHO CUCAMONGA Schedule 14 Page 1 of 3 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1993 Balance Balance July 1,1992 Additions Deletions June 30,1993 SPECIAL DEPOSITS Assets: Restricted cash $ 6,817,690 $ 629,952 $ 557,214 $ 6,890,428 Accounts receivable 1,000 - 1,000 - Due from other funds 11,004 11,004 Total Assets $ 6,829,694 $ 629,952 $ 569,218 $ 6,890,428 Liabilities: Accounts payable $ - $ 24,078 $ - $ 24,078 Deposits 6,829,694 605,674 569,218 6,866,350 Total Liabilities $ 6,829,694 $ 629,952 $ 569,218 $ 6,890,428 DEFERRED COMPENSATION Assets: Cash and Investments $ 2,224,046 $ 575,251 $ 217,037 $ 2,582,260 Liabilities: Deferred compensation payable $ 2,224,046 $ 575,251 $ 217,037 $ 2,582,260 ASSESSMENT DISTRICT 82-1 R Assets: Cash and investments $ 2,216,683 $ 1,187,549 $ 2,104,249 $ 1,299,983 Taxes receivable 5,496 12,160 5,496 12,160 Total Assets $ 2,222,179 $ 1,199,709 $ 2,109,745 $ 1,312,143 Liabilities: Bond Indenture reserve requirement $ 178,837 $ 298,063 $ - $ 476,900 Payable to trustee 2,043,342 1,199,709 2,407,808 835,243 Total Liabilities $ 2,222,179 $ 1,497,772 $ 2,407,808 $ 1,312,143 ASSESSMENT DISTRICT 841 Assets: Cash and Investments $ 2,008,527 $ 936,211 $ 1,620,227 $ 1,324,511 Taxee receivable 3,099 3,099 Total Assets $ 2,011,626 $ 936,211 $ 1,623,326 $ 1,324,511 Uablittles: Bond Indenture reserve requirement $ 1,653,000 $ - $ 1,653,000 $ - Payable totrustee 358,626 2,258,722 1,292,837 1,324,511 Total Liabilities $ 2,011,626 $ 2,258,722 $ 2,945,837 $ 1,324,511 . 84 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 30,1993 Balance Balance .. July 1, 1992 Additions Deletions June 30,1993 ASSESSMENT DISTRICT 842 Assets: Cash and Investments $ 322,549 $ 201,061 $ 186,756 $ 336,854 Taxes receivable 10,255 11,991 5,245 17,001 Total Assets $ 332,804 $ 213,052 $ 192,001 $ 353,855 Usblll0es: Bond indenture reserve requirement $ 171,679 $ - $ - $ 171,679 Payable to trustee 161,125 213,052 192,001 182,176 Total Liabilities $ 332,804 $ 213,052 $ 192,001 $ 353,855 ASSESSMENT DISTRICT 862 Assets: Cash and Investments $ 542,245 $ 285,444 $ 428,451 $ 399,238 Taxes receivable 2,900 2,027 2,900 2,027 Due from other funds 49,016 49,016 Total Assets $ 594,161 $ 287,471 $ 431,351 $ 450,281 Usblllliss: Bond Indenture reserve requirement $ 205,934 $ $ $ 205,934 Payable to trustee 388,227 287,471 431,351 244,347 Total Liabilities $ 594,161 $ 287,471 $ 431,351 $ 450,281 ASSESSMENT DISTRICT 85-PD Assets: Cash and Investments $ 1,086,573 $ 1,883,410 $ 1,992,355 $ 977,628 Taxes receivable 43,628 21,269 43,628 21,269 Due from other funds 34,080 34,080 Total Assets $ 1,164,281 $ 1,904,679 $ 2,070,063 $ 998,897 Liabilities: Accounts payable $ 30,227 $ 144,261 $ 30,366 $ 144,122 Accrued payroll payable 7,431 9,536 7,431 9,536 Bond Indenture reserve requirement 550,107 125,000 550,107 125,000 Payable to trustee 576,516 1,625,882 1,482,159 720,239 Total Uabilkles $ 1,164,281 $ 1,904,679 $ 2,070,063 $ 998,897 85 CITY OF RANCHO CUCAMONGA Schedule 14 Page 3 of 3 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1993 Balance Balance ASSESSMENT DISTRICT 88.2 July 1,1992 Additions Deletions June 30,1993 AsaMs: Cash and investments $ 774,644 $ 690,123 S 516,012 $ 948,755 Taxes receivable 6,050 2,914 6,050 2,914 Total Assets $ 780,694 $ 693,037 $ 522,062 $ 951,669 UabllRles: Accounts payable $ 2,189 $ - $ 2,189 $ Due to other funds 90,452 358,652 90,452 358,652 Payable to trustee 688,053 334,385 429,421 593,017 Total Liabilities $ 780,694 $ 693,037 $ 522,062 $ 951,669 ASSESSMENT DISTRICT 69.1 Assets: Cash and Investments S 1,033,891 $ 230,390 $ 418,902 $ 845,379 Interest receivable 15,216 12,688 15,216 12,688 Total Assets $ 1,049,107 $ 243,078 $ 434,118 $ 858,067 Usbllldes: Bond Indenture reserve requirement $ 478,067 $ - $ - $ 478,067 Payable to trustee 571,040 243,078 434,118 380,000 Total Liabilities $ 1,049,107 $ 243,078 $ 434,118 $ 858,067 TOTALS-ALL AGENCY FUNDS Assets: Cash and Investments $ 10,209,158 $ 5,989,439 $ 7,483,989 $ 8,714,6D8 Restricted cash 6,817,690 629,952 557,214 6,890,428 Accounts receivable 1,000 - 1,000 - Interest receivable 15,216 12,688 15,216 12,688 Taxes receivable 71,428 50,361 66,418 55,371 Due from other funds 94,100 45,084 49,016 Total Assets $ 17,208,592 $ 6,682,440 $ 8,166,921 $ 15,722,111 Uebf[Mes: Accounts payable $ 32,416 $ 168,339 $ 32,555 $ 168,200 Accrued payroll payable . 7,431 9,536 7,431 9,536 Deposits 6,829,694 605,874 569,218 6,866,350 Due to other funds 90,452 358,652 90,452 358,652 Deterred compensation payable 2,224,046 575,251 217,037 2,582,260 Bond Indenture reserve requirement 3,237,624 423,063 2,203,107 1,457,580 Payable to trustee 4,786,929 6,162,299 6,669,695 4,279,533 Total Liabilities $ 17,208,592 $ 8,303,014 $ 9,789,495 $ 15,722,111 86 (n -Im (nuDD 0mX - 'n r- > mmzmo This page intentionally left blank. , CITY OF RANCHO CUCAMONGA Schedule 15 STATEMENT OF GENERAL FIXED ASSETS JUNE 30,1993 TOTALS 1993 1992 General Fixed Assets: Land $ 43,470,256 $ 42,093,493 Building Improvements 45,066,816 36,580,786 Improvements other than buildings 55,711 55,711 Equipment and vehicles 9,850,703 9,627,411 Furniture and fixtures 3,107,170 3,035,664 Construction In progress 23,804,611 17,417,445 Total General Fixed Assets $125,355,267 $108,810,510 , Investment In General Fixed Assets $125,355,267 $108,810,510 87 CITY OF RANCHO CUCAMONGA Schedule 16 SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY JUNE 30, 1993 Improvements Equipment Furniture Buildings other than and and Function and Activity Land Improvements Buildings Vehicles Fixtures Total General Government: CRY manager $ $ - $ $ 21,091 $ 619 $ 21,710 Personnel - 9,182 2,214 11,396 City clerk - - - 80,659 9,098 89,757 Administrative services - - 291,571 8,709 300,280 Planning - - - 186,713 6,487 193,200 Building and safety - - - 150,834 4,266 155,100 General city facilities 688,152 8,523,075 - 728,380 103,158 10,042,765 Assessment administration 9,789 - 418,504 710 429,003 Total 688,152 8,532,864 1,886,934 135,261 11,243,211 Public Safety 275,091 6,265 281,356 Engineering and Public Works 454,402 641,539 2,452,963 7,960 3,756,864 Community Services 28,567,940 7,940,601 199,192 283,514 36,991,247 Communtty Redevelopment 13,744,250 26,902,970 55,711 2,752,729 2,674,170 46,129,830 Fire Protection 15,512 848,842 2,283,794 3,148,148 Total General Fbsed Assets Allocated to Functions 43,470,256 45,066,816 55,711 9,850,703 3,107,170 101,550,656 Construction In Progress 23,804,611 Total $ 125,355,267 38 STATISTICAL SECTION a 1 U t1ill Mill 111 11 1 1 1 y a r r n 0 z do This page intentionally left blank. z 0 F U w .a d U F d F EXHIBIT 1 CITY OF RANCHO CUCAMONGA GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1) Last Ten Fiscal Years Fiscal General Public Engineering Community Community Public Safety Debt Capital Year Goverment Safety Public Works Development Services Fire Protection Service Outlay Total 1983-84 1,814,653 2,922,292 - 4,525.590 387,230 - 1,727.809 2,490,634 13,868,208 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 3,988,871 [3) 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 (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 89 EBIDBIT 2 CITY OF RANCHO CUCAMONGA GENERAL GOVERNMENT REVENUE HY SOURCE(1) Last Ten Fiscal Yeah► Fiscal Taus of Licenses Q Inter- Charges for Use of Money Fines R Development Year Assessments Permits govermental Services and Property Forfeitures Fees Other Total 1983-84 5,440,863 1.302,362 3,014,847 4,779,923 1,198,562 115,272 2,030.281 17,882.110 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 (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) Classifled as Charges for Services prior to fiscal year 1985-86. Source: Annual Audit Report 90 �r � r r� it r it � r r■ r r a� ri �r r r r � EXHIBIT 3 CITY OF RANCHO CUCAMONGA ASSESSED VALUATION OF ALL CITY PROPERTY Last Ten Fiscal Years Fiscal Secured Public Total Unsecured Fun Cash Property Homeowners Business Net Taxable Year Property Utility Secured Property Total Value Expemtions Exemption Invent Exmpt Value 1983-84 1,567,696,310 202,136,680 1,769,832,990 114,035,078 1,883,868,068 1,883,868,068 9,861,572 83,443.173 - 1,790,563,323 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 3,848,653,111 212,624,063 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 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 91 ESIIIBlT 4 CITY OF RANCHO CUCAMONGA PROPERTY TAR LEVIES AND COLLECTIONS Fiscal Total Tax Total Tax Percent of Levy Year Levy Collection Collected 1983-84 867,949 762,595 88 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 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 92 EXHIBIT 5 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING PROPERTY TAR RATE Last Ten Fiscal Years Chino Basin City of Rancho Fiscal Schools County Cucamonga Metropolitan Municipal WD Cucamonga Total Year Tax Rate Tax Rate County W.D. Water Dist. Tax Rate Tax Rate Tax Rate 1983-84 0.0732 1.000 .0184 .0258 .0113 .0493 1.1780 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 Assessed valuation of property is stated at 100% of market value. Source: County of San Bernardino Auditor-Controller 93 EXMMIT 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. 1983-84 1984-85 - - - - 1985-86 [11 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°x6 71.428 1992-93 4,293,316 4,237,963 98.71% 55,353 (1) Formation of Special Assessment Districts Source: Finance Division, Resource Center 94 CITY OF RANCHO CUCAMONGA Special Assessment Collections Assorts. Assails. i Total Col lectedAssessments 99% Oulsi�ding $4,293,316 FISCAL YEAR 1992 / 93 EI[H1=7 CrrT OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING BONDED DEBT 1992-93 Assessed Valuation: 86.867.086.356 DIRECT AND OVERLAPPING BONDED DEBT: %Applicable Debt 6/30/93 San Bernardino Co. Building Authorities 7.714 % $44.532,675 San Bemardino Co. Free Library Authoority 10.541 37.421 Metropolitan Water District 0.550 3.680.875 Chino Basin Mun. Water Dist. Certs. of Participation 18.589 4,707.664 Chino Basin Mun. Water Dist.Authority 18.589 299,283 Direct Debt 0.13% Chaffey Jt. Union H.S. Dist.-Certs of Participation 37.802 3,252,862 Total Gross Debt 3.01% Alta Loma School District 98.533 3,946,247 Total Net 3.01% Central School District 98.051 19,036,602 Cucamonga School District& C.O.P. 74.319& 40.405 7,069,671 Cucamonga County Water District 89.200 655.620 SHARE OF AUTHORIZED AND UNSOLD BONDS: Cucamonga County Water District, I.D. #1963-1 94.069 230,469 Metropolitan Water District $275,000 Cucamonga County Water District, I.D. #5 95.373 3,752.928 Alta Loma School District $6,005,586 Rancho Cucamonga Redevelopment Agency 100.000 107,780.000 Cucamonga School District $303,038 Ettwanda School Dist. Certs.of Participation 84.796 487.577 Etiwanda School Dist. Community Facilities Dist. #1 100.000 7.060.000 Other School Dist. &Certs. of Participation Various 227.167 STATE SCHOOL BUILDING AID City of Rancho Cucamonga-Certs. of Participation 100.000 1.940,000 REPAYABLE AS OF 6/30/93: $7.219,823 City of Rancho Cucamonga Cmnty. Fac. Dist. #84-1 100.000 15,685,000 City of Rancho Cucamonga 1915 Act Bonds 100.000 10,025,673 TOTAL DIRECT& OVERLAPPLING BONDED DEBT $234.407.734 Source: Califomla Municipal Statistics, Inc. 96 EXHIBIT 8 CITY OF RANCHO CUCAMONGA Legal Debt Margin (General Obligation Bonds) June 30, 1993 Assessed valuation $6,861,086,355 Debt limit - 1546 of assessed valuation $1,030,062,953 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 $1,030,062,953 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. 97 EXHIBIT 9 CITY OF RANCHO CUCAMONGA BUHMING PERMITS Number of Permits Issued 1983-84 198488 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 July 669 1,102 993 1,773 1,425 1,232 428 418 278 326 August 831 543 726 1,587 1,769 1,751 459 327 262 230 September 701 778 741 1,064 1,547 1,373 351 192 248 245 October 785 665 1,149 2,219 1,084 1,941 512 328 284 268 November 456 541 676 1,126 837 1,470 358 274 200 255 December 283 437 1,007 1,289 848 1,068 268 303 195 223 January 387 918 871 1,742 973 1,448 337 228 171 182 February 533 879 888 1,455 1,246 1,167 359 317 243 149 March 470 1,122 1,033 1,775 1,820 1,689 410 257 295 298 April 475 1,106 1,736 1,468 1,225 1,649 396 335 231 315 May 1,130 980 1,389 1,294 1,708 1,927 372 313 274 262 June 1,429 1,005 1,720 1,577 1,981 1,964 408 312 365 385 TOTAL 8,149 10,076 12,929 18,369 16,463 18,679 4,658 3,604 3,046 3,138 Source: Buffding and Safety Division 98 CITY OF RANCHO CUCAMONGA Building Permits Thousands 20 i 15 10 5 J 1983-84 84-85 85-88 88-87 87-88 88-89 89-90 90-91 91-92 1992-93 Fiscal year Na.Ot Permits Issuetl EXHIBIT 10 CITY OF RANCHO CUCAMONGA CONSTRUCTION ACTIVITY BUILDING PERMIT VALUATION 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 July 16,930,707 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 August 5,020.250 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 September 3,937.212 12,394,158 10.170.567 24,218,811 31,918,086 24,268.160 22,479.041 2,350,284 4,577,135 5,611,615 October 5,499.104 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 November 12,439.028 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 December 4,410,307 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 January 6,725,715 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 February 13,483,350 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 March 20,793,466 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 April 8.471,885 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 May 17.192,227 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 June 25.610,524 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 TOTAL 140,513.775 200.700,112 315,306,755 290,877,935 350,325.746 397,438,258 198,839.268 126.694,091 73,836,809 85,093,454 Source: Building and Safety Division 100 CITY OF RANCHO CUCAMONGA Construction Activity Millions $500 - $400 $300 $200 $ 1001 $0 1983-8484-88 86-86 88-87 87-88 88-89 89-90 90-91 91-921992-93 Fiscal fiber � Value Ot 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 1984 61,658 3.1% 1,014,481 6.1% 1985 64,479 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% Source: (1) U.S. Bureau of Census, California Department of Finance (2) City of Rancho Cucamonga, Planning Department 102 DEMOGRAPHIC STATISTICS DEMOGRAPHIC STATISTICS City Of Rancho Cucamonga County Of San Bernardino dto via sa ,^ wmew mu.. un un un w. m xr en ur us sw un as w ca w man �wau+e. �mo�rr .vova. J EXHIBIT 12 CITY OF RANCHO CUCAMONGA PRINCIPAL TAXPAYERS (1) June 30, 1993 TYPE OF BUSINESS Department Stores Light Industrial/Printers Grocery Stores Liquor Service Stations Heavy Industrial Fast Food Contractors Grocery Stores Beer and Wine Specialty Stores Restaurants Beer and Wine (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. i 104 EXHIBIT 13 CITY OF RANCHO CUCAMONGA PURCHASED INSURANCE POLICIES AS OF NOVEMBEER 16, 1993 Coverage Maximum Coverage Company Remarks Auto Insurance $100,000 Fireman's Fund One year policy - Expires 9/8/94 Lease/Purchase S 93 MXA 80120983 $32,188.00 annual premium Vehicles Only Auto Insurance $100,000 Self-Insured Reserve set-up to pay claims Owned Vehicles Only Boiler&Machinery Policy $20,000,000 The Continental Three year policy - Expires 10/31/94 Insurance Company $3,207.00 annual premium Crime Policy $100,000 Aetna Insurance Co. One year policy - Expires 6/l/94 Employee Surety 005BY10082583IRCA $874.00 annual premium Equipment Insurance $800,000 Inland Marine One year policy - Expires 3/21/94 P 93 MXI 80248532 $16,658.00 annual premium Liability Insurance $5,000,000 California Municipal Three year policy - Expires 7/1/94 Insurance Authority $456.146 annual premium, Public Officials Insurance included, self-insurance retention of $100,000 on each liability claim Excess Liability $5,000,000 Lexington Insurance Co. One year policy - Expires 7/l/94 8653713 $46,569 annual premium Property Insurance Varies with value of Fireman' Fund One year policy - Expires 9/8/94 contents for each location S 93 MXX 80541752 $14,822.00 annual premium Special Events $2,000,000 CNA Insurance Company One year policy - Expires l/1/94 G111495925 $1,000 annual premium Workers Compensation Public Agencies Risk One year policy - Expires 7/1/94 Sharing Authority of Calif. $109.155 annual premium HXD-082 Excess Workers' Comp $10,000,000 Fireman's Fund One year policy - Expires 7/l/94 XLS 165 77 33 $109,155 annual premium Source: Risk Management Division 105 EXIHBIT 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 112,592 Number of Street Lights 6,614 Miles of Streets 440 Number of Signals 81 Fire Protection: Rancho Cucamonga Fire District Number of Stations 5 Number of Firefighters & Officers 63 Police Protection: Contracted with San Bernardino Co. Number of Stations 1 Number of Sworn Officers 74 Recreation and Culture: 20 with 226 acres Number of Parks Source: Community Development Department, Community Services Department 106