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Home My WebLink About1992/06/30 Comprehensive Annual Financial ReportRANCHO CUCAMONGA CALIFORNIA vJ.!J/.")%4 'K r `r ' ONO .. City of Rancho Cucamonga, California COMPREHENSIVE ANNUAL FINANCIAL REPORT Year Ended June 30, 1992 FINANCE PERMANENT RECORD 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CITY OF RANCHO CUCAMONGA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 1992 PREPARED BY FINANCE DEPARTMENT SUSAN M. NEELY FINANCE OFFICER 1.1111111 This page intentionally left blank. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Number INTRODUCTORY SECTION Letter of Transmittal City Officials Organizational Chart Geographic Location Diagram Certificate of Achievement for Excellence in Financial Reporting xxxi Certificate of Award for Outstanding Financial Reporting FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT FINANCIAL STATEMENTS Exhibit A - Combined Balance Sheet - All Fund Types and Account Groups Exhibit 13 - 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 CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Number NOTES TO FINANCIAL STATEMENTS 14 SUPPLEMENTARY SCHEDULES Schedule 1 - Schedule Schedule Schedule Schedule Schedule Schedule Schedule Schedule Schedule Balance Sheet - General Fund 54 2 - Statement of Revenues, Expenditures and Changes in Fund Balances - General Fund 3 - Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - General Fund 4 - Combining Balance Sheet - All Special Revenue Funds 5 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Special Revenue Funds 6 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Special Revenue Funds 55 56 61 64 67 7 - Combining Balance Sheet - All Debt Service Funds 74 8 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Debt Service Funds 9 - Combining State of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Debt Service Funds 75 76 10 - Combining Balance Sheet - All Capital Projects Funds 80 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 SUPPLEMENTARY Schedule 11 Schedule Schedule 13 CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Number SCHEDULES (Continued) - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Capital Projects Funds 81 12 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Capital Projects Funds 82 Schedule 14 Schedule 15 Schedule 16 Schedule - Balance Sheet Internal Service Fund 85 - Combining Balance Sheet - All Agency Funds 86 - Combining Statement of Changes in Assets and Liabilities - All Agency Funds - Statement of General Fixed Assets 17 - Schedule of General Fixed Assets by Function and Activity STATISTICAL SECTION General Governmental Expenditures by Function General Government Revenue by Source Assessed Valuation of All City Property Property Tax Levies and Collections Direct and Overlapping Property Tax Rate Special Assessment Collections Direct and Overlapping Bonded Debt Legal Debt Margin (General Obligation Bonds) Exhibit 1 - Exhibit 2 - Exhibit 3 - Exhibit 4 - Exhibit 5 - Exhibit 6 - Exhibit 7 - Exhibit 8 - 87 90 91 92 93 94 95 96 97 98 99 CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Numbers Exhibit 9 - Number of Permits Issued 100 Exhibit 10 - Construction Activity - Building Permit Valuation 101 Exhibit 11 - Demographic Statistics 102 Exhibit 12 - Principal Taxpayers 103 Exhibit 13 - Purchased Insurance Policies 104 Exhibit 14 - Miscellaneous Statistical Information 105 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 INTRODUCTORY SECTION 111111111111I AMOI.L HS AHOIDf1QOHINII INTRODUCTORY SECTION This page intentionally left blank. T H E C 1 T '1 0 F QANCHO November 25, 1992 The Honorable Mayor and Members of the City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 Councilmembers: CUCAMO \ G A Submitted for your information and consideration is the Annual Financial Report for the year ended June 30, 1992. 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, 1991. The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report (CAFR), whose contents conform to program standards. Such CAFR must satisfy both generally accepted accounting principles and applicable legal requirements. The Certificate of Achievement is valid for a period of one year only. The City of Rancho Cucamonga has received a Certificate of Achievement for the last four consecutive years (June 30, 1988, June 30, 1989, June 30, 1990 and June 30, 1991). 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. Stout Mayor Pro -Tem William J. Alexander Jack Lam, AICP, City Manager Councilmember Diane Williams Councilmember Pamela J. Wright Councilmember Charles J. Buquet II 10500 Civic Center Drive o P.O. Box 807 o Rancho Cucamonga, CA 91729 (714) 989-1851 o FAX (714) 987-6499 BACKGROUND INFORMATION The City of Rancho Cucamonga currently has a population of 105,014 and encompasses approximately 37.5 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. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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 preparation, and 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 includes 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 appoints 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. 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, 1992, and the results of its operations and changes in financial position. All disclosures necessary for the reader to gain a maximum understanding of the City's financial affairs have been included. FUND DESCRIPTIONS Definitions of the various funds and account groups of the reporting entity are included 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: iv 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1. Assets have been protected from losses arising from unauthorized use or disposition. 2. Financial records can be relied upon for preparing adequate financial statements and for maintaining accountability for assets. All reviews of any changes in the system of internal accounting controls occur according to the above criteria. We believe that the system of internal accounting controls is reasonably adequate for the protection of assets and the proper recording of financial transactions. The budgetary policy of the City, briefly stated, is to: prepare budgets for all funds of the City to the extent practicable; only adopt budgets that are balanced in terms of resources versus expenditure appropriations; only adopt budgets that do not exceed State constitutional limits; adopt budgets prior to the beginning of the fiscal year in which they take effect; exercise budgeting control at the fund level; permit adjustment during the year by the City Council and transfers within the total authorized appropriation by the City Manager; adopt budgets by minute resolution and not by City ordinance; and to utilize appropriation encumbrances as a management control technique for the budgetary control of expenditures. HIGHLIGHTS OF FISCAL YEAR 1991/92 REDEVELOPMENT AGENCY Marketing Our continued leadership in municipal marketing and communications was confirmed via five national awards from the American Economic Development Council. They were received for our City of Vision PR package, "photo opportunity" concept, Design Awards brochure, and Visions newsletter (out of more than 800 entries). Three new ads were also produced - the "Imagine" series. They reflect a community that has created reality from its dreams. Handouts were also made using this art work, detailing the City's demographic and development information. An updated 1992 Design Awards brochure was designed for continued use with prospective development firms and businesses. And, the RFP process was completed for a video production company to produce a new marketing video. During this year, our ads appeared in The Los Angeles Business Journal The Orange County Business Journal, Inland Empire issues of Time Newsweek, and U. S. News & World Renort, Business Facilities, California Business. Plants. Sites. and Parks, and Shonning Center Monitor, plus the NACORE and NAIOP association magazines. v The City continued to exhibit on both the regional and national levels: The Inland Empire Showcase and NAIOP's Inland Empire Bus Tour, as well as two ICSC Conferences - the annual Las Vegas Leasing Mall plus, for the first time, the November ICSC Deal Making Conference. That venue will be beneficial to us again, when Hahn begins leasing for Victoria Gardens. Sports Complex Construction began on a 42 acre sports complex, which includes 3 softball fields, a baseball field, two soccer fields, and a 4,000 seat stadium. The site is also the location for the new animal control facility. Fire Stations Construction on Banyan Station, No. 175 was completed in October 1991. This station is a 12,000 square foot fire station that ultimately will house eight fire personnel. Jersey Station, No. 174 was completed in December 1991. This station is a 17,000 square foot facility that ultimately will house 12 fire personnel. This site will eventually include separate maintenance ad training facilities, including a state-of-the-art burn tower. OPA 84-1 (Regional Shopping Center) In July 1991, the Owner Participation Agreement between the Agency and HFA Associates was amended to allow a time extension of the performance requirements. This extension was granted to allow the developer to pursue the formation of a Mello -Roos Community Facilities District to fund off-site public improvements for the Regional Center, as well as the undeveloped eastern part of the City. Landowners within the boundaries of the district approved the formation in a special election held in March 1992. The Redevelopment Agency is coordinating the preparation of improvement plans and specifications. Bonds are anticipated to be sold in early 1993. The Agency's financial commitment to the project has been fulfilled; however, Agency staff will continue to act as project coordinator and be involved through completion of the project. As required by the OPA, design work on the I-15/Foothill Boulevard interchange has begun. This interchange will provide better traffic circulation, not only for the regional shopping center, but the surrounding area as well. The shopping center developer and the Redevelopment Agency contributed to the cost of the interchange improvements. Construction is anticipated to begin in December 1993, with a projected 12 month completion date. vi Day Creek/Mello Roos Program In an effort to relieve flooding conditions in certain portions of the City, the Redevelopment Agency worked closely with the City, the County of San Bernardino, the City of Ontario, and various property owners to establish a Community Facilities District in fiscal year 1983/84. In fiscal year 1985/86, an $18 million bond issue was sold to construct a major flood control facility. As part of the bond structure, under the terms of a Loan and Pledge Agreement between the Agency and the City, The Agency has committed a portion of its tax increment revenues towards debt service for the bonds, thus reducing the per -acre -assessment to the property owners. Recognizing the potential for reclamation of usable groundwater, the Agency and City obtained a loan from the Bureau of Reclamation to fund a portion of the project. Construction of the final phase of the project, from Arrow to Base Line, began in October 1991, and is scheduled for completion in late 1992. As a result of the channel construction to date, FEMA has issued a Letter of Map Revision (LOMR) removing the properties north of Base Line from FEMA's flood zone. FEMA also issued a Conditional Letter of Map Revision (CLOMR) for the properties south of Base Line, which indicates the intent to remove those properties from the flood zone upon completion of the Channel. ENGINEERING Numerous street, drainage, and beautification capital improvement projects were begun or completed during fiscal year 1991/92. The most significant street project is the Milliken Avenue underpass at the AT & SF railroad tracks north of 6th Street. The plan was completed and funding secured for the improvement of Haven Avenue from 4th Street to Civic Center Drive. As a precursor to that street project, the AT & SF railroad crossing on Haven Avenue was improved this year to provide both a better ride at the railroad tracks and wider crossing gates which will align with that future street project. Other street projects included the widening of the Arrow Route bridge at Cucamonga Creek channel, the plans were completed for the street and storm drain improvements on Haven Avenue between Foothill Boulevard and Base Line Road, and construction commenced on Rochester Avenue between Victoria Park Lane and Highland Avenue - this project will tie to the opening of Rancho Cucamonga High School. The street improvements, including a traffic signal installation, were completed at the Foothill Boulevard and Rochester Avenue intersection. Along with the traffic signal at the Foothill Boulevard and Rochester Avenue intersection, signals were installed at Milliken Avenue and Kenyon Way, Base Line Road and Etiwanda Avenue, and Base Line Road and Victoria Park Lane. In addition, the design was completed for a traffic signal at Vineyard Avenue and Arrow Route. Beautification projects included the construction of the landscaped medians on Milliken Avenue between 4th Street and 6th Street along with the entry monument at 4th Street and Milliken Avenue. vii PLANNING Current Planning During the 1991/92 fiscal year, the Current Planning section processed a significant number of major development projects, permit entitlements, and special projects as summarized below: New Develonment Staff processed a total of 998 applications of all types, ranging from General Plan Amendments to Home Occupation Permits. Among these applications were: 10 Tentative Tract Maps, 37 Conditional Use Permits, and 18 Development/Design Reviews. The lower level of development activity was accompanied by lower staffing levels as a result of a hiring freeze and layoffs which eliminated four Assistant Planner positions, one Planning Technician, and two part-time Planning Aides. Major development projects which were processed during fiscal year 1991/92 included the Foothill Marketplace (Price Club/Wal-Mart), Victoria Courtyard (K-Mart/Home Depot), a five -story hotel located at Foothill Boulevard and Rochester Avenue, the 30 -acre industrial business park, the Chino Basin Municipal Water District's Wastewater Treatment Regional Plan No. 4, Fire Station No. 3, and the Central Park Library. These are large, complex projects which consumed a great deal of staffs resources. Plan Check/Insnections The continued strength of commercial construction in 1991/92 also required a significant portion of staff's resources. Major projects that were under construction included Terra Vista Town Center Phase III (Montgomery Wards, Service Merchandise), Vineyards Marketplace (Albertson's), and the Heritage Inn Hotel. In addition, Fire Stations No. 4 and 5, and the 51 -acre Capellino Industrial Business Park were under construction. Major projects that went through the plan check process during fiscal year 1991/92 included Foothill Marketplace, Fire Station No. 3, Sports Complex, Animal Control Shelter, Wal-Mart, and the 51 -acre Capellino Industrial and Business Park. Special Protects The Current Planning section was involved with several special projects directed by the City Council or Planning Commission. The multi -family housing study became a year-long effort to overhaul the City's residential development standards for apartments and condominiums. Staff also processed the compact car parking amendment, and the Foothill Boulevard "Missing Link" amendment. These projects were controversial and required numerous public hearings and community workshops. viii Staff administered a consultant contract for a study of the City's parking requirements for shopping centers. This study was initiated by the Planning Commission in response to a proposal from commercial developers. Staff also assisted the City Manager's office in researching the development of a security plan for commercial centers. Work completed to date included a research of available data and literature on commercial security and Crime Prevention Through Environmental Design (CPTED) methods. The Trails Implementation Plan was adopted by the City Council in October of 1991. The Plan included administration of consultant contracts for preparation of portions of the Plan. As a follow-up to the Plan, staff applied for grant funding under Proposition 116 to construct bicycle trails. Staff also continued their negotiations with the County of San Bernardino for a joint -use recreational agreement for regional trails along flood control facilities. In addition, staff prepared and published a Historic Bike Tour guide to encourage bicycle riding and promote historic preservation. Advance Planning County Referrals Nine new county referrals were received. Three proposals related to the rehabilitation of the Kaiser Industries site: Burrtec-Kaiser Resource Recovery Facility, Lusk -Kaiser West End Joint Venture Specific Plan, and San Sevain Enterprise Zone. Including the aforementioned, several projects require on-going review, including major proposals for development in the City's Sphere -of -Influence. Participation in the Growth Management Task Force continued during the period. Also, support was given as requested on the University -Crest legal action. Inter -Governmental Referrals Twenty new inter -governmental referrals were received. These included several proposals for residential and commercial development in the City of Fontana in the vicinity of the I-15 freeway, as well as the regional mall proposal in Ontario located adjacent to the northwest intersection of the I- 15 and the I-10 freeways. Including the aforementioned, several projects require on-going review and/or task force participation commitments Etiwanda North Specific Plan The draft Etiwanda North Specific Plan and environmental documentation was completed and circulated for public comment. The Planning Commission and the City Council approved the entire Etiwanda North package, including environmental items and General Plan Amendments. Work has begun on implementation items for the plan, including a Resource Management Plan and an Infrastructure Phasing Plan. ix Multiple Family Rezoninv A series of General Plan Amendments on vacant, uncommitted multiple family land were initiated by staff at the City Council's direction to reduce the build -out percentage of multiple family units. The amendment review process was divided into three sections of the City (Etiwanda, Victoria, and the southwestern portion of the City), and encompassed around 500 acres of land. A few parcels in the northwest portion of the City have yet to be brought forward for General Plan review. Air Quality Element The General Plan's Air Quality Element was significantly expanded to conform with South Coast Air Quality Management District's (SCAQMD) guidelines and adopted by the City Council in November. This action culminated a year of coordinating work with the County in the development of an Inland Empire approach to air quality management. Planning staff will continue to monitor the development of potential air quality regulations as model air quality ordinances are developed through the County and SCAQMD. Old Alta Loma Neighborhood Plan Staff began work on the development of a neighborhood plan for the old town section of Alta Loma. Towards this end, a neighborhood meeting was held to solicit comments from residents and land owners in the area and a joint Planning Commission and Historic Preservation Commission workshop was held to obtain policy direction regarding the plan's formulation. Design Guidebook An advance/current planning team restarted work on the Design Guidebook during this year. The book's organization and format were established. Work has been put on hold due to staff reductions in the 1992/93 budget. Computerized General Plan Map Planning staff has been working with GIS staff to input the necessary data to produce a computer generated General Plan Map. This process is continuing into 1992/93. Inland Empire Showcase Planning continued its role as the City's representative to the IEEC's Inland Empire Showcase 1992 edition at the National Orange Show Grounds. Advance Planning staff attended numerous organizational meetings and coordinated the City's effort towards the successful showcase event. x Historic Preservation Rehabilitation projects for the Chaffey-Garcia and G. P. Ledig Houses were begun with the preparation of restoration plans and funding acquired through the Community Development Block Grant (CDBG) program. The first phase of the Oral History Program, sponsored by the Cucamonga Community Foundation, was completed by the consulting firm which entailed 210 hours of time and 22 trips in the area for meetings and interviews. Outreach activities included the placement of the first landmark point -of - interest plaque in the City through the efforts of the Historic Preservation Commission and planning staff. The rededication/relocation of the Alta Loma Honor Roll was coordinated by planning staff and volunteer work. Code Enforcement During the 1991/92 fiscal year, the Code Enforcement section continued to respond to the needs of the community. Property maintenance, vehicle parking and storage, and sign regulation continued to be the major areas of operation. The loss of one Code Enforcement Officer due to budgetary constraints resulted in an increased workload on the remaining staff. Routine operations, such as responding to requests for service within 24 hours and providing adequate personnel to receive telephone and counter calls, have been maintained. However, somewhat longer time periods are now required for case follow-up and resolution, especially for the more complex code violations. A major project requested by the City Council was a review of the Recreation Vehicle parking regulations by the Planning and Public Safety Commissions. The project was completed when a new Recreational Vehicle Parking Ordinance was adopted by the City Council. Code Enforcement was also involved in the development of an ordinance for the maintenance of multi- family residential developments. An increased emphasis was placed on combating graffiti on private property. This improved awareness by property owners of the need for prompt removal. The ability to remove inoperative vehicles from private property was also improved when initial steps were taken to implement contract service with the County for vehicle abatement. By providing a high level of personal service, and maintaining positive public contact, Code Enforcement continues to obtain voluntary compliance in over 90 percent of the cases handled. Although efforts continue toward developing better regulations, the majority of the Code Enforcement program is directed at responding to citizen complaints and the follow-up involved to ensure compliance. xi BUILDING AND SAFETY Construction activity during fiscal year 1991/92 continued its decline of the previous fiscal period. Staff reductions took place at the end of the fiscal year in anticipation of bringing staffing levels to a level commensurate with projections of low activity through 1992/93. Progress continues on the mitigation program for unreinforced masonry buildings, in keeping with the time frames established for complete compliance. New editions of Building, Mechanical, and Plumbing codes have been adopted and implemented, bringing City Building Regulations to a state of currency and in compliance with State mandates. The Development Processing study by Arroyo Seco Associates has been accepted by the City Council and in preliminary stages of implementation. Early months of fiscal year 1992/93 indicate that the upcoming year should show a leveling -off of activity and even a modest increase in the development activity in the City. The backlog of latent permits has been completely eliminated and we have been able to return to normal recheck procedures with the relaxation in activity. It has also allowed for development and implementation of a number of needed procedures for divisional operations. COMMUNITY SERVICES The Community Services Department has devoted much energy during the 1991/92 fiscal year to the provision of quality recreation and human services. A number of challenges and opportunities were addressed by the Department during the reporting period including a shrinking resource base, an increase in demand for services to address the needs of the residents and their families participating in year round school, and the ever present request for new programs, services and events to keep pace with the changing recreational and human service trends. The 1991/92 fiscal year found the Community Services Department adding, reformulating or improving existing programs/services. The following major activities were accomplished: Youth Programs/Activities Playschool This very popular program for youngsters ages 2-5 was reorganized during the last fiscal year. It now offers more than 28 sessions and is serving 400 preschool aged children. Many exciting activities are included in this program: an annual book fair, school pictures and special events. xii Egg Hunt The Egg Hunt was expanded to include 4 sites during the reporting period. These included: Red Hill Community Park, Hermosa, Windrows and Old Town Park. Over 4,000 residents participated in this annual springtime event. Summer Dav Camn This seasonal program continued to be offered at two sites during fiscal year 1991/92. The sites were based at local elementary schools and included: Victoria Groves and Carnelian Elementary Schools. These sites were provided through the cooperation of the Alta Loma School District. Staff also offered an after summer school program at one school site, Carnelian Elementary School, during this fiscal year. Playgrounds Two successful playground programs were held this summer. One at Coyote Canyon Park and the other at Old Town Park. Breakfast with Santa This very popular seasonal event was expanded during fiscal year 1991/92 to include two seatings. Over 200 youngsters were treated to a special morning with Santa which included breakfast (provided as a community service project by Rancho Grande Kiwanis). Youngsters ages 3-10 also enjoyed crafts, songs, pictures with Santa and gifts. New Years Eve Sleenover This second year event entertained nearly 50 children ages 2-12 on New Years Eve with movies, games, songs and gentle care. Snacks and a nutritious breakfast were also provided. Mother's Dav Tea A second year program, the Mother's Day Tea hosted a special salute to over 60 Moms and their children. The event included snacks, stories and a special presentation by Freckles the Clown. Halloween This seasonal event included a pumpkin carving workshop which was attended by 25 youngsters. In addition, the annual Halloween Fun Fair was attended by nearly 1,000 community residents who enjoyed costume contests, game booths, and a haunted hay ride through a star lit Red Hill Community Park. Tiny Tot Triathlon This first time event was introduced during fiscal year 1991/92. Twenty-five 2-5 year olds "competed" in basketball toss, soccer kick and big wheel racing. Pep Day This annual winter event hosted 17 high schools throughout the West End in an invitational for cheerleaders. Over 700 spectators cheered their schools on. Family Program/Activities With assistance from Lewis Homes, staff provided two family socials in the Terra Vista Community during fiscal year 1991/92. Over 350 residents participated in an old fashioned picnic and "Coyote Carnival" this year. The "hit" of the summer continued to be the Movies in the Park series which were screened at Red Hill Community Park and Coyote Canyon Park. Over 3,000 community members from June through August viewed our movies under the stars. This very popular series was also funded by Lewis Homes. 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. Teen Snack Bar Teens operated numerous snack bars through the community during fiscal year 1991/92. These included: Movies in the Park, Concerts in the Park, Summer Pool Program and various other special events. The snack bars helped raise funds for teen activities. Club 90 While not as successful as the previous year, Club 90 continued to provide monthly dance club opportunities for the community's youth. Due to a general drop in attendance this event is currently under review and modification. Teen Camn This exciting summer program was eagerly anticipated by the teens of our community. Fiscal year 1991/92 saw our teens go to some of the best places xiv southern California has to offer. These include: Disneyland, Universal Studios and the beach. Over the course of the summer, teens had the opportunity to participate in over 25 trips. Teen Ski Trips A new activity during this fiscal year, two very successful teen ski trips attracted over 80 participants. Wrightwood Mountain High Ski resorts is now a very special place to many of our teens. Night on the Town Our teens provided a much needed babysitting service for our community during the fiscal year 1991/92. Nearly 40 youths volunteered their services bi-monthly to help parents get a little "R" and "R" while at the same time provided entertaining and enriching activities for youngsters. Teen Snorts Challenge The first annual Teen Sports Challenge was held during the reporting period. Adolescents throughout the community participated in a free day of activities that included: softball, volleyball, and basketball tournaments. Participants competed for the sheer joy of fun, companionship and a school spirit. Youngsters were treated to lunch, snacks and a t -shirt. Senior Programs/Activities Senior Advisory Committee The Senior Advisory Committee continued to provide input on senior issues/concerns. Approximately 25 seniors met on a monthly basis providing hundreds of volunteer hours to their City. Senior Dances Dances, every first and third Tuesday at the Rancho Cucamonga Neighborhood Center, were continued during the reporting period. Average attendance was 80. Cost of the band was offset by Pomona Valley Bank. Senior Special Events Senior special events during the reporting period included: Luau, Good Old Days, Halloween, Valentines Day, St. Patrick's Day, Easter, Fiesta, 4th of July and Holiday party. Average attendance was 190. Silver Fox A senior newsletter was developed in-house on a monthly basis during the reporting period. This newsletter provided seniors with a listing of classes, activities, programs, events, trips, human services, and daily nutrition menu. xv Senior Classes/Activities On a daily basis the Department offers a variety of classes and activities for our active senior residents. These include: oil painting, bingo, craft classes, cards, pool, exercise classes, chorale groups, monthly Sunday suppers, birthday celebrations and needle -point classes. Human Services Programs/Activities Information and Referral Provided information and referrals to thousands of residents pertaining to a variety of questions/needs included: food stamps, emergency food banks, Job training and placement sources, senior services, health care, housing, drug and alcohol abuse, energy conservation, literacy, adoptions and foster parenting. Developed annual Community Resource Directory of local human services agencies. Bilingual Referral Service This very important community service was continued to assist with information dissemination to non-English speaking residents. Bilingual Advisory Committee This Committee continued to meet during the reporting period. Five Community members provided their volunteer services to assist the Park and Recreation Commission in identifying means to address non-English speaking residents needs in the area of community services and recreation programs/services. Senior Health Fair An annual event, the senior health fair was continued during the reporting period to provide seniors with access to information/resources pertaining to health related issues. Commodities Distribution On a monthly basis, surplus food commodities were distributed to needy residents of Rancho Cucamonga. Nearly 600 households monthly participated in this very important and very needed program which is provided to our residents through a cooperative effort between the Federal, State, County and local governments, staff and numerous volunteers. Volunteer Recognition The second annual recognition program for the City's 500 volunteers who assisted the City with programs, activities, and services was held during the reporting period. xvi Holiday Basket Program Coordinated by the City and Cucamonga Christian Fellowship (Rancho Cucamonga Operation Share). This program was expanded to provide holiday food baskets to 600 families -- an increase of 100 families over last year. Drug Education/Prevention Activities During the reporting period the Department continued to be involved in drug education/prevention activities/programs for the youth of the community. The City's Drug Abuse Resistance Education Program (D.A.R.E.) entered its second year during fiscal year 1991/92 and was coordinated through the Community Services Department. This program continues to be a jointly sponsored and financed venture between the Alta Loma, Central and Etiwanda School Districts and the City of Rancho Cucamonga. Rancho Cucamonga Citizens Against Substance Abuse (R.C. CASA), a community -wide partnership of schools, business, law enforcement, probations, clergy, parents, students, concerned residents and City staff continued its efforts during the reporting period to prevent alcohol and drug use and abuse among the youth of our community. R.C. CASA and the City coordinated the City's efforts for its annual Red Ribbon Week campaign. Now in its 6th year, the Red Ribbon Week campaign demonstrates by the wearing of red ribbons, community support for a drug free city. During the reporting period over 28,000 red ribbon buttons and drug abuse education packets were distributed to students, and residents of Rancho Cucamonga. In addition, thousands of youth pledges to "Be Drug Free" were presented to the Mayor during Red Ribbon Week. Youth Awareness Workshon Numerous "Just for Kids Workshops" were held during fiscal year 1991/92. These programs focused on providing training/information to youngsters free of charge on such topics as: how to become a super babysitter, latch key survival, back -to -school safety, bike safety, drug awareness, how to handle emergencies, and earthquake preparedness. These workshops address important concerns and are provided to residents as a community service. Sports Pee Wee Soccer This 5 -week fall activity attracted 250 3-5 year olds to this program. Pee Wee Baseball This 5 -week summer activity registered 450 3-5 year olds. This program like Pee Wee Soccer stressed instruction and fun. xvii Youth Learn to Swim Program Over 2,700 class registrations were accepted this summer. An increase of 300 over last year The classes were held at the Alta Loma High School pool. Adult Soccer Leagues The City continued during this reporting period their 18-29 year old division and their 30 and older soccer divisions. These leagues registered over 500 players (24 teams) per season or 1,000 players per year. Interest in our adult soccer leagues remains very high. Adult Tennis Leagues This program continued to grow rapidly during fiscal year 1991/92. Eight leagues or 60 players per season (3 seasons per year) continued to participate in our adult tennis leagues. Adult Basketball Two seasons of adult basketball were offered during the reporting period, providing 18 teams (216) participants per season with the opportunity to play adult basketball at Etiwanda High School Gym. Adult Volleyball Seventy-two players during the reporting period enjoyed playing adult volleyball on Saturdays during the reporting period. Adult Softball The City provides three seasons of adult men, women and co-ed leagues. Currently 84 adult teams participate quarterly with an annual participation of 2,700 players Snorts Advisory Committee This Committee continued to meet during the reporting period to advise the City's Park and Recreation commission on matters pertaining to youth and adult sport activities. Other highlights The City's Quarterly newsletter, The Granevine, continued to be developed during the reporting period by the Community Services Department. The Grapevine serves as a strong link in uniting the three founding communities of Alta Loma, Cucamonga and Etiwanda. In addition, the quarterly newsletter informs the city's rapidly growing population on new policies, development, activities and recreational opportunities. xviii The community has made tremendous advancements in recreation programming and community/human services since incorporation. The service system that is second to none has been clearly demonstrated during fiscal year 1991/92. With consistent strong vision and leadership, we will continue to demonstrate the City of Rancho Cucamonga as a leader in providing recreation and community/human service opportunities to the residents of Rancho Cucamonga. POLICE DEPARTMENT Gang suppression is still one of our primary concerns. S.M.A.S.H. (San Bernardino Movement Against Street Hoodlums), The G.R.E.A.T. (General Reporting Evaluation and Tracking) computer system, and our CRIME ANALYSIS UNIT are still in operation and being further refined. The Department began the initial stages of implementing a Solution Oriented Policing concept. This is based on community based and problem oriented policing ideals. All members of the department are receiving training to familiarize themselves with this type of policing style. Solution Oriented Policing is designed to bring law enforcement and personnel into closer contact with the citizens of the City. This will result in even better rapport and enhance our crime suppression efforts. A Bicycle Enforcement Team was formed utilizing asset seizure money (money seized from drug dealers) to purchase bicycles and equipment. This unit will be manned primarily by reserve officers and supervised by regular officers. The mission of the unit will be to patrol shopping centers, apartment complexes and other areas where a police car would have a problem maneuvering. This high visibility unit will also be used as a public relations tool by having increased personal contact with citizens. This unit will be an integral part of our Solution Oriented Policing. 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 1991/92 95% of the idle cash was invested. It is the objective of staff to attain a greater percentage of invested funds, while maintaining the necessary reserves needed to fund City services. DEBT ADMINISTRATION The City of Rancho Cucamonga, as a general law city, is restricted from incurring general obligation bonded indebtedness which would exceed 3.75% of the total assessed valuation of all real and personal property. The xix 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. The Rancho Cucamonga Redevelopment Agency issued $107.780,000 in Tax Allocation Bonds on March 1, 1990, and used a portion of the proceeds to advance refund both $40,315.000 of outstanding 1986 and 1987 Tax Allocation Series A Bonds and $9,400,000 of outstanding Certificates of Participation. The 1990 Tax Allocation Bonds begin maturing on September 1, 1994. 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 Rancho Cucamonga Redevelopment 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. On November 15, 1991, the Rancho Cucamonga Redevelopment 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 from January 1, 1992, continuing until December 1, 1997, at which time the entire principal balance together with interest due thereon shall become due and payable. RISK MANAGEMENT During fiscal year 1991/92, 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 during the year to minimize accident -related losses and exposure by the public to hazards. 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. xx 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 PROSPECTS FOR THE FUTURE In order to appreciate the impact the State of California's 1992 budget decisions has had on local government, a brief review of the actions Rancho Cucamonga took prior to September 1992 may be helpful. During the last two 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. Rancho Cucamonga is among a handful of "low property tax" California cities that receive a much smaller disproportionate share of the property tax; a key factor that must be recognized in any budgetary discussion. Fortunately, a strong local market continues to provide a healthy business development climate such that sales tax continues to be very strong, especially when compared with other cities in San Bernardino County. However, erosion of the property tax base by prior Federal and State actions, combined with the precipitous drop in residential development, has severely impacted local revenues. A number of actions have already been taken to address these matters: * Fiscal year 1991/92 General Fund budget was reduced by $2.1 million. ' Fiscal year 1992/93 General Fund budget was further reduced by another $1 million. A selective hiring freeze, an attrition program, as well as the lay-off of employees have resulted in sixty-three currently unfilled positions - a 20% reduction in an already small staffing level. Public safety services being our highest priority, no reductions have been made in either the police or fire departments. * Vehicle and replacement schedules have been extended. * No cost -of -living has been granted to employees for the last two years. Costs of operation have been severely curtailed. This combined with the reduction in operational personnel have resulted in the challenge of doing much, much more with less and less. To their credit, the employees have shown exemplary professionalism in shouldering the burden of a declining work force. ' Contract employees were eliminated and substituted with City employees wherever appropriate. ' Many operational changes in all departments were implemented to reduce expenditures. After a painful and frustrating budget process that continued on into September 1992, the State approved its 1992/93 budget and adopted two trailer bills that impact local government (Senate Bill 617 and 844). These bills will have the following estimated impacts upon Rancho Cucamonga: xxi City general property taxes are cut nine percent across the board as a permanent reduction. (Rancho Cucamonga estimated impact: $242,000). Allocates all cigarette tax monies to the State. (Rancho Cucamonga estimated impact: $82,000). * Shifts all trailer coach and mobile home vehicle license fees from cities, counties, and school districts to the State. (Rancho Cucamonga estimated impact: $13,400). * A one time shift of tax increment from redevelopment agencies statewide to the State. (Rancho Cucamonga estimated impact $3,713,150). * Approximately $100 million in property tax is shifted from cities and counties to the Education Revenue Augmentation Fund. This property tax loss is to be offset to cities by a like reduction in vehicle license fee (VLF) share of the State's Department of Motor Vehicle's budgeted administrative costs, thereby increasing the VLF to cities and counties by the amount of the property tax loss. (Rancho Cucamonga estimated impact: 0). The aforementioned items are expected to impact the City's General Fund for a total of $337,400 during fiscal year 1992/93. The impact of these revenue losses will be offset by the anticipated increase in sales tax revenues and additional attrition of employees which will leave certain positions unfilled. The State cut for redevelopment agencies is the most serious of all the 1992/93 fiscal year cuts for Rancho Cucamonga, not only because of the severity of the cut itself, but also due to the fact that redevelopment agency funds are frequently linked by project or programs to the City and Fire District funds in many different ways. An impact on a redevelopment agency's budget can be an impact upon the other budgets if there is no way to strategically address the outcome. The 1992/93 State action includes a provision that if a redevelopment agency cannot pay the required amount, then the amount will be deducted from the City's property tax. This amount, which is to go to the Educational Revenue Augmentation Fund, is in addition to any pass-through payments the redevelopment agency may be currently making to school districts - a very inequitable provision to agencies such as Rancho Cucamonga's Redevelopment Agency who already has pass-through agreements with the districts and will get no credit for these payments. As of this writing, Rancho Cucamonga Redevelopment Agency Members are currently considering several options to meet this upcoming obligation, including the possibility of borrowing up to fifty percent of the monies from its Low and Moderate Income Fund which, if borrowed, must be repaid within ten years. FINANCIAL STATEMENT ANALYSIS The fiscal operations of the City are primarily accounted for in the Governmental Funds which include the General, Special Revenue, Debt Service, and Capital Project funds. Revenue Analysis The total fund equity (aggregate fund balances) in these funds of $149 million reflects an increase of $5 million over the previous fiscal year. Total financing sources available to the funds during the year amounted to $139.8 million. Of this amount, $79.4 million was from governmental fund type resources, $12.7 million was from loan proceeds, and $43.5 million was from operating interfund transfers. The slight increase in bond proceeds reflects the City of Rancho Cucamonga's issuance of $4.8 million in Improvement Bonds for Assessment District 89-1 to be used for street and drainage improvements on Milliken Avenue south of Arrow Route. The Intergovernmental increase of $1.8 million in revenue includes an increase of $782,000 of Measure I funds, and $301,890 of Motor Vehicle fees. The $2.4 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 revenue is also a result of the City's ever diligent efforts to attract major sales producing interests and, in a year of recessions, managed to increase sales tax revenues by $.6 million over the prior year. The $2 million Use of Property and Money decrease is primarily due to the ever dwindling interest rates available for investments. The following is a recap of the 1991/92 fiscal year general governmental fund type revenues by major source, including the percentage each source represents of total revenues, and the increase or (decrease) over the prior year: REVENUE BY SOURCE (amounts in thousands) Revenue and Other 1991/92 Percent Financing Sources Revenue of Total Taxes Licenses & Permits Fine & Forfeiture Use of Property & Money Intergovernmental Charges for Services Development Fees Other Total Operating Revenues Loan Proceeds Bond Proceeds Cost of Issuance Operating Transfers In Miscellaneous Total Finance Sources $44,535 1,358 227 9,214 10,087 2,292 3,605 8.034 $79,352 12,704 4,288 (96) 43,526 31 -0- 31.9% 1.0 .2 6.6 7.2 1.6 2.6 5.7 $139.805 100.0% Increase (Decrease) From 90/91 $ 2,409 (270) ( 24) (2,023) 1,794 94 301 1.718 $ 3,999 3,011 4,288 (96) 20,538 31 ($31.771) Expenditure Analysis During the 1991/92 fiscal year, expenditures and interfund transfers amounted to $134.7 million which reflects an increase of $16.9 million over the previous fiscal year. Engineering and Public Works had an expenditure increase of approximately $4 million primarily due to the implementation of Assessment District 89- 1's street and drainage improvements. The Capital Outlay decrease is a combination of expenditure decreases in the Special Revenue and Capital Project funds due to the completion of prior year projects (down from the prior year by approximately $8.6 million). General Administration expenditures decreased from the prior year by almost $5 million due in part to the budgetary actions referred to earlier, a one time reduction to personnel overhead costs resulting from a credit from the Public Employees Retirement System (approximately $.5 million), and a Redevelopment Agency prior year fiscal agent administrative cost which does not recur in 1991/92 (approximately $2.1 million). xxiv EXPENDITURES BY FUNCTION (amount in thousands) General Administration Public Safety Public Safety - Fire Eng'rg & Public Works Community Development Community Services Capital Outlay Debt Service Total Gov't Expenditure Operating Transfers Out Total Expenditures 1991/92 Percent Expenditures of Total 10,974 8.1% 7,401 5.5 7,462 5.6 12,557 9.3 6,903 5.1 2,323 1.7 22,178 16.5 21.408 15.9 91,206 Increase (Decrease) from 90/91 (4,908) 90 459 4,034 2,296 (485) (8,647) 3.544 (3,617) 43.526 32.3 20.538 $134.732 100.0% ($16.9211 PROPRIETARY FUND TYPE - INTERNAL SERVICE (amounts in thousands) 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 represent activity during the current (1990/91) and previous (1989/90) fiscal years: 1991/92 1990/91 Operating Revenues $ 508 $ 714 Non -Operating Revenues 125 178 633 892 LESS: Operating Expenses (167) (748) Net Income (Loss) $466 $144 The Internal Service Fund (Capital Replacement/Fleet Maintenance) increased its retained earnings by $321,189. 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. xxv 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, 1992, the general fixed assets of the City amounted to $108.810,510. This amount represents the original cost of the assets, net of additions and deductions from July 1, 1991 to June 30, 1992, 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. 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. xxvi 1 1 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 Department. We also appreciate and would like to commend all the City ' departments who assisted and contributed material and thank the Mayor and members of the City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner. ACKNOWLEDGEMENTS LS1Jack Lam, AICP 1 1 City Manager 14.311-4aW ..% Susan M. Neely Finance Officer 1 1 1 1 1 1 1 1 This page intentionally left blank. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CITY OF RANCHO CUCAMONGA, CALIFORNIA CITY OFFICIALS JUNE 30, 1992 Name Dennis L. Stout William J. Alexander Charles J. Buquet II Pamela J. Wright Diane Williams CITY COUNCIL Mayor Mayor Pro Tem Councilmember Councilmember Councilmember Term Exoires 1992 1992 1994 1992 1994 ADMINISTRATION AND DEPARTMENT HEADS City Manager and Executive Director of the Rancho Cucamonga Redevelopment Agency Deputy City Manager Deputy City Manager City and Redevelopment Agency Attorney Treasurer (Term expires 1992) City Clerk Administrative Services Director Finance Officer Community Development Director City Planner Building Official City Engineer Acting Community Services Director Jack Lam Linda Daniels Jerry Fulwood James L. Markman James Frost Debra Adams Jim Hart Susan Neely Rick Gomez Brad Buller Jerry Grant Joe O'Neil Jerry Fulwood 1 The Rancho Cucamonga Team Flt VWKUNMbNI AL MANAGEMENT COMMISSION u PUBLIC SAFETY COMMISSION CITY COUNCIL (RDA BOARD) (FIRE BOARD) PARK & RECREATION 11 HISTORIC COMMISSION PRESERVATION COMMISSION 1 I — —1 CITYATIORNEX _ —1 CITY MANAGER (contract) (RDA EXEC. DIR.) EMERGENCY RESOURCE ADMIN. SERVICES SERVICES SERVICES 1 IDiszawrl 1 1 FIRE DISTRICT COMM. SERVICES CITY TREASURER PLANNING COMMISSION i COMMUNITY DEVELOPMENT DEPT. 1 1 BLDG & SAFETY ENG/PW & MAINT iii MI In N M MO OM I— 0 I OM 1 I NM I E I— NM 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 37.5 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 Achievement for Excellence in Financial Reporting Presented to City of Rancho Cucamonga, California For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1991 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Govemment Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. Executive Director NM I r ME N — I MN I I EN NE = MN EN — NE MN NE California... -i Society of Municipal finance Officers Certificate of Award Outstanding Financial (porting 1990-91 Presented to City of Rancho Cucamonga H. in_ ?kis certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect a kigfi level of quality in the annual' financial. statements and in the underlying accounting system from which the reports were prepared. February 28, 1992 1 Chair, Professional & Technical Standards Committee Dedicated to ¶xcefence in Municipal Financial Management FINANCIAL SECTION I 1 I NOIID3S'IVIDNVNId This page intentionally left blank. FINANCIAL SECTION Lance Soli & Lunghard 7200 S.Greenleaf Ave. Suite 280 Whittier, CA 90602 (310) 698-6727 Fax (310) 693-1599 CERTIFIED PUBLIC ACCOUNTANTS City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 INDEPENDENT AUDITORS' REPORT Fred J Lunghard, Jr Brandon W Burrows Donald L Parker Michael K Chu Consultants Robert C Lance Richard C Soli We have audited the general purpose financial statements of the City of Rancho Cucamonga, as of and for the year ended June 30, 1992 as listed in the accompanying table of contents. These general purpose financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall general purpose financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the general purpose financial statements referred to above present fairly, in all material respects, the financial position of the City of Rancho Cucamonga, at June 30, 1992, and the results of its operations and the cash flows of its proprietary fund types for the year then ended in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The supplemental schedules listed in the accompanying table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of the City of MEMBER CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS aLuLance e,,,,,,n Soli & mate dc ANTS City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 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. afea¢A ›a -CL' s'as406-24e August 27, 1992 in O M B 1 N E D S T A T E M E N T This page intentionally left blank. INS _- I UN MN EU N_-- I EN_ 1- M IMINI ASSETS AND OTHER DEBITS General Cash and investments (Note 3) $ Cash and investments with fiscal agent (Note 3) Restricted cash (Note 3) Investment- land held for resale (Note 1) Receivables (net of allowance for uncollectibles): Due from other funds (Note 13) Deposits (Note 5) Advances to other funds (Notes 6 and 13) Fbced assets • net book value (Notes 7 and 8) Amount available In debt service funds Amount to be provided for retirement of general long-term debt CITY OF RANCHO CUCAMONGA COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1992 GOVERNMENTAL FUND TYPES Special Debt Revenue Service Capital Pro ects 2,331,061 $ 17,071,128 $ 15,886,145 $ 89,187,218 - 7,728,445 1,062,993 7,645,804 5,749,896 • 1,201,381 1,874,925 635,000 2,548,325 258,175 97,859 • 6,459,841 878,623 34,215 506,780 8,846,000 Total Assets and Other Debits $ 16,789,754 $ 23,330,759 LIABILITIES. FUND EQUITY AND OTHER CREDITS Uabilitles: Accounts payable Accrued payroll payable Accrued employee benefits (Notes 1 and 11) Deposits Due to other funds (Note 13) Due to other governments Deferred revenue (Notes 6 and 10) Deferred compensation payable (Note 17) Obligation under capital leases (Note 11) Bond Indenture reserve requirement Payable to trustee Advances from other funds (Notes 11 and 13) Bonds and notes payable (Note 11) Total Liabilities Fund Equity: Investment in general fixed assets Retained earnings: Unreserved Fund balances: Reserved (Note 14) Unreserved: Designated (Note 14) Undesignated Total Fund Equity and Other Credits Total Liabilities, Fund Equity and Other Credits $ 454,956 375,297 562,639 921,834 2,714,896 $ 23 948 624 $ 103,912 675 PROPRIETARY FIDUCIARY FUND TYPE FUND TYPE Memol Service Agency ACCOUNT GROUPS General General Fixed Long -Term Assets Debt Exhibit A TOTALS (Memorandum Only) 1992 1991 $ 2,236,642 $ 10,209,158 $ 15,000 413,070 6,817,690 87,844 94,100 108,810,510 $ 2,664,712 $ 17,208,592 $ 962,097 $ 52,920 116,426 459,200 5,582,056 15,150 20,455 1,573,498 849,692 22,307,056 $ 136,901,350 7,726,445 6,817,690 6,459,841 3,488,816 9,746,903 1,156,780 15,144,221 109,223,580 22,307,056 $ 113,574,448 26,834,867 5,832,500 2,277,577 3,912,899 9,183,507 675,000 14,877,960 95,836,822 23,756,129 109,107,765 109 107 765 107,347,923 $ 108,810,510 $ 131 414,821 $ 428,080,447 $ 404109,632 $ 1,407,669 $ $ 32,416 $ 939 7,431 6,829,694 90,452 • 2,224,046 72,146 - 3,884 3,137,411 191,937 • 3,237,624 4,788,929 5,029,822 7,989,926 1641,568 - 4741 820 72,146 17,208,592 3,333,270 5,209,539 8,426,662 1,146,008 • 8,985,288 11,759,932 15,340,833 $ 16,789,754 $ 23,330,759 22,307,056 29,852,418 68,074,602 1,243,835 22 307 056 99170 855 2,592,566 $ $ 2,910,058 $ 2,718,167 500,093 436,460 1,064,568 2,086,607 1,969,873 6,833,558 5,929,963 9,746,903 9,183,507 1,785,890 1,349,883 3,564,588 3,011,918 2,224,046 1,760,428 231,032 303,178 472,563 3,237,624 2,759,557 - 4,788,929 3,693,711 15,144,221 15,144,221 14,877,960 114 975,000 114,975,000 114,740,000 131 414 821 168,098,695 162,903,990 - 108,810,510 - 108,810,510 95,263,513 • 2,592,566 2,130,502 38,395,227 26,520,060 99 954,328 110,972,775 10,229,121 6 318,792 2,592,566 • 108 810 510 $ 23 948 624 $ 103,912 675 259,981 752 241 205,642 $ 2 664 712 $ 17,208,592 See Notes to Financial Statements 3 $ 108,810,510 $ 131 414,821 $ 428,080,447 $ 404,109,632 Revenues: Taxes Licenses and permits Fines and forfeits Use of money and property Intergovemmental Charges for services Development fees Other Total Revenues Expenditures: Current: General govemment Public safety Public safety - fire protection Engineering and public works Community development Community services Capital outlay Debt service: Principal Interest and fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1992 General GOVERNMENTAL FUND TYPES Special Debt Revenue Service $ 11,829,131 $ 10,213,752 1,357,877 213,226 13,460 1,100,304 774,088 4,563,754 5,523,506 1,438,758 853,287 • 3,804,792 7,443,319 103,195 27,946,369 21.086,078 Capital Protects $ 17,535,979 $ 4,955,941 1,219,127 • TOTALS (Memorandum OnM 1992 1991 $ 44,534,803 1,357,877 226,686 6,120,884 9,214,401 10,087,260 2,292,045 3,604,792 487,460 8,033.974 18,755,106 11,564,285 $ 42,126,174 1,628,195 251,271 11,237,248 8,293,751 2,197,625 3,303,543 6,315.718 79,351.838 75,353.525 5,744,135 1,657,242 89,781 3,482,624 10,973,782 15,881,940 7,401,199 - - 7,401,199 7,311,306 7,462,224 7,462,224 7,002,548 6,850,126 1,782,546 3,924,067 12,556,739 8,523,472 3,780,370 3,024,527 98,367 6,903,264 4,607,309 1,198,406 1,124,111 2,322,517 2,808,115 • 3,853,952 18,324,029 22,177,981 30,825,105 86,104 42,302 11,492,388 709,900 12,330,694 9,934,804 16,876 116,605 7,887,591 1.056.036 9,077,108 7,928,893 25,077216 19,063.509 19,469,760 $ 2,869,153 $ 2,022,569 $ (714,654) See Notes to Financial Statements 4 27.595.023 91.205,508 94,823.492 $ (18,030,738) $ (11,853,670) $ (19,469,967) Exhibit B Page 1 of 2 MN E UM 111111 NM I EN NM NM MI ME I MN N all MI IS NM---- E NM I— I IS M I E I CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 90,1992 General GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) Revenue Service Projects 1 9 9 2 1 9 91 Other Financing Sources (Uses): Operating transfers In $ 823,164 $ 2,250,855 $ 20,385,345 $ 20,066,804 $ 43,526,168 $ 22,987,919 Operating transfers out (1,205,234) (2,255,594) (21,119,764) (18,945,576) (43,526,168) (22,987,919) Bond proceeds • 530,625 3,757,072 4,287,697 - Coste of issuance - - (95,613) (95,613) - Loan proceeds 12,703,549 12,703,549 9,692,423 Miscellaneous 31,505 31,505 - Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (382,070) 625,888 (734,419) 17,517,741 16,927,138 9,692,423 $ 2,487,083 $ 2,548,455 $ (1,449,073) $ 1,487,003 $ 5,073,468 $ (9,777,544) Fund Balances: Beginning of Fiscal Year • as previously reported $ 9,463,304 $ 12,971,851 $ 23,756,129 $ 97,686,158 $ 143,877,442 $ 153,554,688 Restatements (Note 15) (190,455) (179,473) - (2,306) (372,234) 100,298 Beginning of Fiscal Year - as restated 9,272,849 12,792,378 23,756,129 97,683,852 143,505,208 153,654,986 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 2.487,083 2,548,455 (1,449,073) 1,487,003 5,073,468 (9,777,544) End of Fiscal Year (Exhibit A) $ 11,759,932 $ 15,340,833 $ 22,307,056 $ 99,170,855 $ 148,578,676 $ 143,877,442 See Notes to Financial Statements 5 Exhibit B Page of Revenues: Taxes Licenses and permits Fines and forfeits Use of money end property Intergovernmental Chargee for services Development fees Other Total Revenues FigrendMures: Current: General government Public safety Engineering end public works Commonly development Community services Public safety - fire protection Capital outlay Debt service: Principal Interest and fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) AU. GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1992 GENERAL FUND Variance - Favorable Budget Actual (Unfavorable) Budget SPECIAL REVENUE FUNDS $ 11,499,160 $ 11,629,131 $ 329,971 $ 9,739,502 1,312,350 1,357,877 45,527 260200 213,226 (46,974) 125,100 1,100,304 975,204 430,096 4,828,040 4,583,754 (264,286) 10,722,185 1,398,460 1,438,758 40,298 865,355 • - - 3,056,720 7,348,510 7,443,319 98,809 92,950 28,769,820 27,948,369 1,178,549 24,906,808 8,575,098 7,948,770 7,388,419 3,922,610 1,277,670 5,958,080 7,401,964 6,921,604 3,789,224 1,201,634 • 617,018 548,788 484,815 133,386 78,036 86,104 (88,104) 16,876 (16,876) 27,110,547 25,375,488 1,735,081 $ (340,727) $ 2,570,883 $ 2,911,810 See Notes to Financial Statements 8 Variance - Favorable Actual (Unfavorable) 510,213,752 $ 474,250 13,460 13,460 773,026 342,930 5,523,506 (5,198,679) 853,287 (12,088) 2,828,104 (228,616) 103,195 10,245 20,308,330 (4,598,478) 927,802 1,663,339 (735,537) 2,063,614 1,782,548 301,066 3,828,991 3,076,125 850,866 1,152,463 1,124,264 28,199 7,934,782 7,482,224 472,558 5,959,191 4,160,125 1,799,066 • 42,302 (42,302) 100,000 116,605 (16,6051 22.084,843 19,427,530 2,657,313 $ 2,821,985 $ 880,800 $ (1,941,165) Exhibit C Page 1 of 6 la um a a el a a almo NE am um a um um a a am I M M- N N- M OM M M I MN O- 1 M-_ I Other Financing Sources (Uses): Operating transfers In Operating transfers out Bond proceeds Cost of issuance Loan proceeds Miscellaneous Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) Adjustments: To adjust for encumbraneee (Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) • Budgetary Classifications 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) Fund Balances: Beginning of Flseal Year - as previously reported Restatements (Note 15) Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) End of Fiscal Year CIT' OF RANCHO CUCAMONGA 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 30,1992 GENERAL FUND variance - Favorable Budget Actual (Unfavorable) $ 106,190 $ 823,164 $ 718,974 (417,719) (1,205,234) (787,515) (311,529) (382,070) (70,541) (652,258) 2,188,813 2,841,069 298.270 298.270 (852,258) 2,487,083 3,139,339 $ (652,256) $ 2,487,083 $ 3.139,339 $ 9,463,304 $ 9,463,304 $ (190,455) (190,455) 9,483,304 9,272,849 (190,455) (652,256) 2,487,083 3.139,339 $ 8,811,048 $ 11.759,932 $ 2,948,884 See Notes to Financial Statements 7 SPECIAL REVENUE FUNDS variance - Favorable Budget Actual (Unfavorable) $ 323,930 $ 2,250,855 $ 1,926,925 (1,702,541) (2,255,594) (553,053) 1,752,300 530,625 (1,221,675) 373,689 525.886 152,197 3,195,654 1,406,688 (1,788,968) 364,021 364,021 3,195,654 1,770,707 (1,424,947) 777.748 777,748 $ 3,195,654 $ 2,548,455 $ (647.199) $ 12,971,851 $ 12,971,851 $ (179,473) 12,971,851 12,792,378 (179,473) (179,473) 3,195,654 2,548,455 (647,199) $ 16,167,505 $ 15,340,833 $ (826,672) Exhibit C Page 2 of 6 Revenues: Taxes Licenses and permits Fines and forfeits Use of money and property intergovernmental Charges for services Development fees Other Total Revenues MY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES 94 FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) AU. GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1992 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 15,481,704 17,535,979 $ 2,074,275 $ 4,821,259 $ 4,955,941 $ 934,682 162,887 1,219,127 1,058,240 532,269 6,120,884 5,588,615 487,460 487,460 15,624,591 18,755.106 3,130,515 4,553.528 11,564,285 7,010,757 Expenditures: Current: General government 70,484 89,781 (19,297) 2,793,522 3,741,952 (948,430) Public safety - - - Engineering and public works - 5,334,009 4,579,211 754,798 Community development - - 2,330,422 98,387 Community services - ' Public safety- fire protection - - Capital outlay - 73,473,552 33,958,134 39,517,418 Debt service: Principal 10,247,253 11,492,388 (1,245,135) 1,573,185 709,900 863,285 Intents and fiscal chargee 7,885,211 7,887,591 (2,380) 79.875 1,058,038 (976,161) Total Expenditures Excess of Revenues over (under) Expenditures 18,202,948 19,469,760 (1,268,812) 85.584,565 44,141,600 39,210,910 $ (2,578,357) $ (714,654) $ 1,883,703 $ (81,031.037) $ (32,577,315) $ 48,453,722 See Notes to Financial Statements 8 Exhibit C Page 3 of 6 a a a a a a a e I =I I MI MI I OM MI IS I OM M M MN N NE NE N MS 1 1 N M - MN MI - MN -= I Other Flnancing Sources (Uses): Operating transfers In Operating transfers out Bond proceeds Cost of Issuance Loan proceeds Miscellaneous Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) Adjustments: To adjust for encumbrances (Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) • Budgetary Classifications 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) Fund Balances: Beginning of Fiscal Year • as previously reported Restatements (Note 15) Beginning of Fiscal Year- as restated Excess of Revenues and 011ier Sources over (under) Expenditures and Other Uses (OAAP Basis) End of Fiscal Year CITY OF RANCHO CUCAMONGA 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 30,1992 Budget DEBT SERVICE FUNDS Varlance- Favorable Actual (Unfavorable) $ 12,180,003 $ 20,385,345 $ 8,205,342 (7,771,778) (21,119,764) (13,347,986) • 4.408,225 1,829,888 1,829,868 • (734,419) (5,142,644) (1,449,073) (3,278,941) (1,449,073) (3,278,941) $ Budget CAPITAL PROJECTS FUNDS vanance- Favorable Actual (Unfavorable) (1,971,932) 3,661,460 6,206,006 $ 20,066,804 (18,945,576) 3,757,072 (95,613) 12,703,549 31,505 7,895,534 17,517,741 $ 20,066,804 (16,973,644) 95,612 (95,613) 6,497,543 31,505 9,622,207 (73,135,503) (15,059,574) 58,075,929 16,548,577 16,546,577 (73,135,503) 1,487,003 74,622,506 $ 1,829,868 $ (1,449,073) $ (3,278 941) $ (73,135,503) $ 1,487,003 $ 74,622,506 $ 23,756,129 23,756,129 1,829.868 $ 23,756,129 $ 23,756,129 (1,449,073) (3,278,941) $ 97,686,158 $ 97,686,158 $ - (2,306) 97,686,158 97,683,852 (2,306) (2,306) (73,135,5031 1.487,003 74,622,506 $ 25,585,997 $ 22,307,056 $ (3,278,941) $ 24,550,655 $ 99,170,855 $ 74,620,200 See Notes to Financial Statements 9 Exhibit C Page 4of6 CITY OF RANCHO CUCAMONGA 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 30,1992 Budget TOTALS (MEMORANDUM ONLY) 1992 1991 Variance - Favorable Actual (Unfavorable) Actual Revenues: Taxes $ 40,721,625 $ 44,534,003 $ 3,813,170 $ 42,126,174 Licenses and permits 1,312,350 1,357,877 45,527 1,628,195 Fines and toilette 260,200 228,686 (33,514) 251,271 Use of money and property 1,250,352 9,213,341 7,962,989 11,235,670 Intergovernmental 15,550,225 10,087,260 (5,462,965) 8,292,941 Charges for services 2,263,815 2,292,045 28,230 2,197,625 Development fees 3,056,720 2,828,104 (228,616) 3,303,543 Other 7,439,480 8033,974 594,514 6,315,718 Total Revenues 71,854,747 78,574,090 6,719.343 75.351,137 Expenditures: Current: General govemment 10,366,906 11,453,152 (1,086,246) 16,018,698 Public safety 7,948,750 7,401,964 546,786 7,318,019 Engineering and pub0o works 14,804,042 13,283,381 1,520,681 9,663,069 Community development 10,180,023 8963,716 3,218,307 5,005,239 Community services 2,430,133 2,325,898 104,235 2,888,751 Public safety- fire protection 7,934,782 7,462,224 472,558 34,535,211 Cephal outlay 79,432,743 38,116,259 41,316,484 12,696,658 Debt service: Principal 11,820,438 12,330,694 (510,256) 9,934,804 Interest and fiscal chargee 8,065,088 9,077,106 (1,012,022) 7,928,893 Total Expendhuree 152,982,903 108,414.376 44,568,527 105,967,342 Excess of Revenues over (under) Expenditure* $ (81,128,1581 $ (29,840,2861 $ 51,287,870 $ (30,618,205) See Notes to Financial Statements 10 Exhibit C Page 5 of 6 a IIIIII MINI MII Ile E a a a a a a a MI a INE MN MIN NMI L_ n- I MI EN N- MI I- M 1=-- I M I MI CITY OF RANCHO CUCAMONGA 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 30,1992 TOTALS !MEMORANDUM ONLY) 1992 1991 Variance- variance - Favorable Favorable Budget Actual (Unfavorable) (Unfavorable) Other Financing Sources (Uses): Operating transfers In $ 12,610,123 $ 43,526,168 $ 30,916,045 $ 22,987,919 Operating transfers out (11,863,970) (43,526,169) (31,662,198) (22,987,919) Bond proceeds 5,413,760 4,287,697 (1,126,063) Cost of Issuance (95,613) (95,613) Loan proceeds 6,206,006 12,703,549 6,497,543 9,692,423 Miscellaneous - 31,505 31,505 - Total Other Financing Sources (Uses) 12,365,919 16,927,138 4,581,219 9,692,423 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (68,762,237) (12,913,148) 55,849,089 (20,923,782) Adjustments: To adjust for encumbrances (Note 1) 17,208,868 17.208,868 11,144,713 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Basis) - Budgetary Classifications (88,762,237) 4,295,720 73,057,957 (9,779,069) Other Adjustments: To record excess of Revenues and Other Sources over (under) Expenditures and Other Uses for nonbudgeted funds (Note 1) 777,748 777,748 1,525 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) $ (68,762,237) $ 5,073,468 $ 73.835,705 $ (9.777,544) Fund Balances: Beginning of Fiscal Year - as previously reported $ 143,877,442 $ 143,877,442 $ $ 153,554,688 Restatements (Note 15) (372,234) (372,234) 100,298 Beginning of Fiscal Year- as restated 143,877,442 143,505,208 (372,234) 153,654,986 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Basis) (68.762,237) 5,073,468 73,835,705 (9,777,544) End of Fiscal Year $ 75.115,205 $ 148,578,676 $ 73,463,471 $ 143,877,442 See Notes to Financial Statements 11 Exhibit C Page 6 of 6 CIT' OF RANCHO CUCAMONGA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS PROPRIETARY FUND TYPE INTERNAL SERVICE FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Operating Revenues: Chargee for cervices Operating Expenses: Vehicle and equipment maintenance Depreciation Total Operating Expenses Operating Income (Lou) Nonoperating Revenues: (merest Income Gain (Ion) on sale of Ibced meta Miscellaneous Total Nonoperating Revenues Net Income Retained Earnings: Beginning of Fiscal Year - as prevlouety reported Restatement (Note 15) Beginning of Fiscal Year - as restated Net Income End of Fiscal Year (Exhibit A) See Notes to Financial Statements 12 TOTALS Year ended June 3D, 1992 1991 $ 507,580 S 713,839 3,977 590,415 183,401 157,339 167,378 747,754 340,182 (33,915) 121,070 145,071 1,092 33,181 3,182 125,324 178,232 $ 485,506 S 144,317 $ 2,130,502 (3,442) $ 1,986,185 2,127,060 1,986,185 485,506 144,317 S 2,592,566 $ 2,130,502 Exhibit D a a SI NMI MI a M MIN MI I I I INNI E M 1 1= MN N I M-- 10= I N M_ E MN CITY OF RANCHO CUCAMONGA Exhibit E STATEMENT OF CASH FLOWS PROPRIETARY FUND TYPE INTERNAL SERVICE FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Cash Flows from Operating Activities: Operating Income (Exhibit D) Adjustment to reconcile Operating Income to Net Ceeh: Depreciation Miscellaneous Income Restatement of fund balance Changes in Assets and Liabilities: (Increase) decrease In accounts receivable (Increase) decrease In Interest receivable Increase (decrease) in accounts payable Increase (decrease) In accrued payroll payable Total Adjustments Net Cash Provided (Used) by Operating Activities Cash Flows from Capital and Related Financing Activities: Principal payments on capital leases Acquisition of fhced assets Sale of fixed assets Net Cash Provided (Used) by Capital and Related Financing Activities Cash Flows from Investing Activities: TOTALS Year ended June 30. 1992 1991 $ 340,182 $ (33,915) 163,401 157,339 3,162 - (3,442) - 752 16,990 (72,398) 31,671 (5,620) 9 85,103 206,761 425,285 172,846 (20,539) (19,001) (3,162) (252,035) 1,092 33,161 (22,609) (237,875) Interest on investments 121,070 145,071 Net Cash Provided (Used) by Investing Activities 121 070 145,071 Net Increase (Decrease) In Cash and Investments 523,746 80,042 Cash and Investments at Beginning of Year 1,712,896 1,632,854 Cash and Investments at End of Year (Exhibit A) $ 2,236,642 $1,712,896 SCHEDULE OF NONCASH TRANSACTIONS There were no non-cash transactions during the fiscal year. See Notes to Financial Statements 13 1 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS JUNE 30, 1992 1. 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 goveming 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 -governed) special district formed pursuant to the State of California Health and Safety 14 MN I I MN I NM MN I I= M — — N INN INM I INN no a— N— um— m— a— i a mu um so a 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 self -balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. Types of Funds Governmental Fund Tvoes 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- term debt. Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than those financed by Proprietary Funds). Proorietary Fund Tvoes 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 govemmental 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 Tvoes Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other govemmental units, and/or other funds. Account Groups Fixed Assets and Long -Term Liabilities The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All govemmental 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 cunent 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 govemmental 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 fbxed assets are valued at historical cost or estimated historical cost if actual historical cost Is not available. Donated fixed assets are valued at their estimated market value on the date donated. Fixed assets acquired under lease/purchase contracts are recorded In the Internal Service Fund and the General Fixed Assets Account Group. The corresponding liabilities are recorded In the Internal Service Fund and the General Long -Term Debt Account Group. Interest accrued during construction (if any) of fixed assets Is capitalized as a part of the asset cost. All proprietary funds are accounted for on a cost of services or 'capital maintenance' measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are Included on their balance sheets. Their reported fund equity (net total assets) Is segregated into contributed capital and retained earnings components. 16 Ile I IIMI N I al 1 = M MI I II=1 NM N MN NM INN M NM - MN = M Iii MI If= NE I= MN NM N 1 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 Other Equipment 5 years 5-10 years Long-term liabilities expected to be financed from govemmental 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 govemmental 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 (if any) to indicate that they do not represent 'available spendable resources', even though they are a component of net current assets. Such amounts are generally offset by fund balance reserve accounts. Because of their spending measurement focus, expenditure recognition for governmental fund types does not include amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as govemmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long -Term Debt Account Group. e. Functional Classifications Expenditures of the City are classified by function. Functional classifications are defined as follows: General Govemment 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: Organization 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. Enaineerina and Public Works Includes all maintenance, engineering and capital Improvements which relate to streets, sewers, parks, flood control and other public facilities. Community Development includes those activities which involve planning and redevelopment as well as building and safety. Community Services Includes those activities which Involve the providing of recreational, cultural and educational services. d. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Specifically, It relates to the timing of the measurements made regardless of the nature of the measurement. All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual in those funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of money and property, interfund transfers, unbilled service receivables and Intergovernmental revenue are all considered measurable and are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part, not susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities) and thus do not Involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis with the exception of the City's Deferred Compensation Plan which is accounted for, on a market value basis in accordance with Statement No. 2 of the Govemmental 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, if unpaid, on August 31st. Grants, entitlements, or shared revenues recorded In govemmental 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 111111 1 M 1 N NM = I I N M- I MI E-- I MN- - N MN INN INN City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is Incurred; principal and Interest on general long-term debt is recognized when due. All proprietary funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned and become measurable, expenses are recognized when they are incurred if measurable. e. Budgetary Data General Budget Policies The City Council approves each year's budget submitted by the City Manager prior to the beginning of the new fiscal year. Public hearings are conducted prior to its adoption by the Council. Supplemental appropriations, where required during the period are also approved by the Council. There were several supplemental appropriations required during the year. 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 govemmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP) except that for budoetino ourooses onlv 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: S B 300 $ 1,060 San Sevaine/Etiwanda Drainage 776.688 Total $ 777.748 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 govemmental 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, 1992, 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, 1992, there are no material long-term judgments against the City and no liability is reported in the 20 NIIN OM MN MIN IM =I MI ININ NON ISM MN OM NIN NIN NIN INN 111111 N I i II= — — I 1E11 I MN I• = N MN INN City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) General Long -Term Debt Account Group. At June 30, 1992 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; however, one case is pending Involving a vehicle accident whereby the plaintiff sustained injuries which left him a quadriplegic. Again the City feels this case is without merit; however due to the nature and extent of injuries Involved, a jury apportionment of any damage could be material. One other material case Is pending involving the termination of a condemnation proceedings by the City. The other party Is seeking, in addition to attomey's fees, lost sale profits of $550,000. Again, the City believes this case is without merit. A full explanation of this and other claims can be obtained from the City attomey. In addition, the City has determined that at June 30, 1992, there are no material incurred but unreported claims against the City. Compensated Absences The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The short-term portion is determined to be the amount due to employees for future absences which is attributable to services already rendered and which Is expected to be paid during the next fiscal year. The total amount of liability for compensated absences is segregated between short-term and Tong -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 TvPe 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 21 4 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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 wlh the Public Retirement Law. All unused sick leave Is forfeited upon termination, other than for normal retirement. 1I. STEWARDSHIP Note 2: Stewardship, Compliance and Accountabllity a. The following funds contained deficit fund balances as of June 30: Special Revenue Funds: Beautification $ (1,121,034) Drainage Facilities (10,737) b. Excess of expenditures over appropriations in Individual funds at the departmental level are as follows: Expenditures Appropriations Excess Special Revenue Funds: Drainage Facilities Engineering and public works $ 270,428 $ 268,580 $ 1,848 Principal 42,302 - 42,302 Interest and fiscal charges 5,511 - 5,511 Federal Ald Urban Engineering and public works 80,002 56,470 23,532 Capital outlay 361,937 273,540 88,397 Community Development Block Grant Capital outlay 506,189 318,420 187,769 Assessment Administration General govemment 1,071,476 299,490 771,986 SB140 Engineering and public works 7,437 2,690 4,747 Capital outlay 279,260 278,550 710 Fire District Interest and fiscal charges 111,094 100,000 11,094 22 ION _ I N = _ l♦ NM NM f♦ MN NM MN MI MI ION IIIMI = In S E 1 E EN M NM MO MN MN — 1 1 N all City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 2: Stewardship, Compliance and Accountability (Continued) Expenditures Appropriations Excess Debt Service Funds: Central Park Acquisition Interest and fiscal charges $ 267,484 $ 265,853 $ 1,631 Public Improvement Corporation Interest and fiscal charges 163,329 162,580 749 Redevelopment Agency General government 89,781 70,484 19,297 Principal 10,227,388 8,982,253 1,245,135 Capital Projects Funds: Assessment District 82-1R Capital outlay 67,637 57,673 9,964 Assessment District 89-1 Capital outlay 21,146 21,146 Redevelopment Agency General government 3,741,952 2,793,522 948,430 Interest and fiscal charges 1,056,036 79,875 976,161 Note 3: Cash and Investments Cash and investments at June 30 consisted of the following: Pooled Cash and Deposits $ 83,624,429 Pooled Investments 28,124,720 Investment in County of San Bemardino Investment Pool 1,414,762 Investment In State Treasury's Investment Pool 30,435,873 Investment with Fiscal Agent/Trustee 7,726,445 Deferred Compensation 119.256 Total Cash and Investments $ 151,445,485 23 City of Rancho Cucamonga - Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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 entirely insured or collateralized. The Catifomia Govemment 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 Ciy'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 specific statutory provisions goveming the Issuance of these bonds, certificates, or leases, may be Invested In accordance with the ordinance, resolutions or indentures specifying the types of Investments its fiscal agent may make. These ordinances, resolutions, and indentures are generally more restrictive than the City's general Investment policy. In no Instance have additional types of investments, not permitted by the City's general Investment policy, been authorized. Cash and Investments - Deferred Compensation Plan The City offers Its employees a deferred compensation plan created In accordance with Internal Revenue Code Section 457. The market value of the plan assets at June 30, 1992 Is $2,224,046. A portion of the plan assets is held in savings accounts and is classified M 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 classified as to credit risk by three categories as follows: Category 1 Includes deposits that are Insured or collateralized, with the securities held by the City or its agent in the City's name; Category 2 Includes deposits which are uninsured but which are collateralized with the securities held by the pledging financial 24 INN INN INN a a a a a a a IIIIII a MI I1♦ E M OM M OM L M I NM I 1-- S a I E- MI M I NM S IMM City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) 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. 1 Category Bank Carrying 2 3 Balance Amount Cash in Bank and Petty Cash $ 468,184 $ 8,624,230 $ - $ 9,092,414 $ 6,972,764 Certificates of Deposit 600,000 73,946,875 - 74,546,875 74,546,875 Deferred Compensation Plan 1.999.947 104.843 _ 2.104.790 2,104.790 Totals $ 3.068.131 $ 82.675.948 $ - $ 85.744,079 $ 83.624.429 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. Govemment, or its agencies Small Business Administration Loans Certificates of Deposit Bankers Acceptance Commercial Paper Local Agency Investment Fund (State Pool) Deposits Passbook Savings Account Demand Deposits Repurchase Agreements Credit Risk, Carrying Amount and Market Value of Investments Investments of the City are summarized below. The Investments that are represented by specific identifiable investment securities are classified as to credit risk by three categories as follows: Category 1 Includes investments that are insured or registered for which securities are held by the City or its agent In the City's name; Category 2 Includes uninsured and unregistered investments for which the securities are held by the broker's or dealer's agent In the City's name; Category 3 includes uninsured and unregistered Investments for which the securities are held by the broker or dealer, or by its agent, but not in the City's name. 25 1 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) City Investments: U.S. Government Securities Money Market Investments California Municipal Bonds Total City Investments Cash and Investments with Fiscal Agent: Cash Money Market Investment Total Cash and Investment with Fiscal Agent Cateoory 2 $ 11,369,944 $ 16,036,365 718,431 $ 28,124,740 $64 $ 7,726,381 7,726,381 Carrying Amount $ 11,369,944 16,036,365 718,431 $ 28.124.740 Market Value $ 11,771,904 16,036,365 707.021 $ 28,515,290 $ 64 $ 64 7,726,381 7,726,381 $ 7,726,445 $ 7,726.445 Investment in State Treasury's Investment Pool Investment in State Treasury's and County of San Bemardino 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 Investment in County of San Bemardino's Investment Pool 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 $ 199,256 $ 30.435,873 $ 1.414.762 26 a a a I♦ a a a IIIIII N INII M NM M WIN E — Ile MI M E N MN NM I N I MN EN NM I EN I MN MN I NM MN I City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 4: Unearned Grants Because various federal and state subventions and grants have not been received nor the revenue recognition criteria met, the following awards are not reflected in the financial statements: Fund Federal Aid Urban Community Development Block Grant Park Bond Acts State Department of Transportation Total Amount $ 191,918 19,442 562,947 980.259 $1.754.566 Note 5: Deposits The City has made a condemnation deposit of $635,000 with the San Bernardino Superior Court in connection with the Northeast Community Park Project. The deposit is reported in the Park Development Fund, a Special Revenue Fund. Note 6: Advances to Redevelopment Agency During the current and prior fiscal years, the City of Rancho Cucamonga has loaned the Rancho Cucamonga Redevelopment Agency funds for use In financing various projects. The loans which amount to $9,655,743 as of June 30, 1992 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 $2,714,896 matured interest due on these loans has been added to principal. As this Interest Is not payable currently, the City has recognized deferred revenue in this amount. Note 7: Changes In General Fixed Assets A summary of changes In general fixed assets follows: Purchased/Contributed Assets: Land Building Improvements Improvements other than buildings Equipment and vehicles Furniture and fixtures Balance June 30. 1991 $ 39,702,493 21,933,564 5,962,337 7,172,250 2,844,341 27 Adiustments Additions $ (163,000) 6,135,888 (5,906,626) (51,821) 52,106 $ 2,554,000 $ 8,511,334 1,591,034 139,217 Balance Deletions June 30. 1992 $ 42,093,493 36,580,786 55,711 9,737 8,701,726 3,035,664 is City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 7: Changes In General Fixed Assets (CoMlnued) Note 8: Assets acquired under capital lease - equipment Construction in -progress Total Balance June 30. 1991 Adlustments $ 925,969 16,722,559 $ 95.263.513 Additions Balance Deletions June 30. 1992 $ (284) $ - $ $ 925,685 (66,263) 8,736,904 7,975,755 17,417,445 $ $ 21,532,489 $ 7.985,492 $ 108,810,510 The adjustments above were made to correct categorization errors from prior years. Proprietary Fund Fixed Assets A summary of proprietary fund type property, plant and equipment is presented below: Internal Service: Purchased assets: Automotive equipment Other equipment Assets acquired through capital leases - equipment Total 28 Estimated Useful Life Fixed Assets 5 years $ 832,587 5-10 years 60,348 5-10 years 294,746 $ 1,187.681 Allowance tor Deoreclation $ 588,238 31,804 154,569 $ 774.611 NMI Me a a I 11111 O — _ — — — MN I — _ Net Book Value $ 244,349 28,544 140.177 $ 413.070 I I I E - I• I M I 111111 I 111111 NM EN NE City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations City of Rancho Cucamonga (Separate from Fire District) a. Pian 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 $11,295,692 of which $10,507,814 was the payroll for employees covered by the system for the year ended June 30, 1992. 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- concem 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, 1991, but reflects all plan amendments adopted through June 30, 1992. Significant actuarial assumptions used In the valuation include (1) a rate of return 29 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations (Continued) on the investment of present and future assets of 8.5% a year compounded annually, (2) projected salary Increases of 5% a year compounded annually, attributable to Inflation, (3) additional projected salary increases of 2% a year, attributable to seniority/merit, and (4) no postretlrement benefit Increases. The total assets in excess of pension benefit obligation applicable to the employees was $668,312 at June 30, 1991 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 897,982 Current employees: Accumulated employee contributions Including allocated Investment eamings 3,823,494 Employer-flnanced vested 2,640,900 Employer -financed nonvested 797.852 Total Pension Benefit Obligation $ 8,160,228 Net assets available for benefits at cost (Market Value = $9,801,892) 8.838.496 Assets In Excess of Pension Benefit Obligation $ 678.268 Changes In the pension benefit obligation of $(383,292) are due to changes in actuarial assumptions. d. Contributions Required end 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 eamed In the future as well as those already accrued. 30 a a a al a a a la is S a a f IIIII 111111 IIIMI In — I• I NM I EN I_ I N E I_ NE- MI NE NM M I NE N City of Rancho Cucamonga Notes to Financial Statements (CoMlnued) Note 9: Pension Plan Obligation (Continued) According to this cost method, the normal cost for an employee is the level amount which would fund the projected benefit 11 it were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which the employer's total normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll method to amortize any unfunded actuarial liabilities. The amortization period of the unfunded actuarial liability ends in the year 2000. The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those used to compute the pension benefit obligation, as previously described. The contribution to the system for the year ended June 30, 1992 of $1,547,376 was made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1991. The contribution consisted of $1,547,376 normal cost (14.75% of current covered payroll). During the year, the City contributed $735,547 (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. Five-year trend information for the City of Rancho Cucamonga follows: 1986-87 1987-88 1988-89 1989-90 1990-91 Net assets available for benefits $ 3,629,308 $ 4,289,840 $ 5,213,200 $ 7,056,201 $ 8,838,496 Pension benefit obligation $ 2,636,057 $ 3,455,000 $ 4,609,897 $ 6,387,889 $ 8,160,228 Net assets available for benefits expressed as a percentage of the pension benefit obligation Assets in excess of pension benefit obligation Annual covered payroll 137.7 % 124.2 % 113.1 % 110.5 % 108.3 % $ 993,251 $ 834,840 $ 603,303 $ 668,312 $ 897,982 $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $ 10,546,252 31 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) Assets In excess of pension benefit obligation, expressed as a percentage of annual covered payroll Employer contributions. These contributions were made In accordance with actuarially determined requirements Annual covered payroll Employer contributions expressed as a percentage of annual covered payroll 1986-87 1987-88 1988-89 1989-90 1990-91 25.5 % 15.7 % 8.6 % 7.8 % 8.5 % $ 308,950 $ 349,447 $ 476,976 $ 596,077 $ 728,532 $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 $ 10,546,252 7.9 % 6.6 % 6.8 % 7.0 % 6.9 % For the fiscal year 1991-92, the net assets available for benefits expressed as a percentage of the pension benefit obligation and the unfunded (assets In excess of) pension benefit obligation, expressed as a percentage of annual covered payroll are not presented as the pension benefit obligation for the current year has not yet been computed. Rancho Cucamonga Fire Protection District f. Plan Description The District contributed to the Califomia 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 Califomia. The total covered payroll for employees participating In the system for the year ended June 30, was $4,376,638, 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 fife, In an amount that varies from 2 percent at age fifty to 2.7 percent at age sixty (tor each year of credited service) of their final compensation. For non -safety employees the benefits are payable monthly for fife, in an amount that varies from 1.092 percent at age fifty to 2.418 percent at age sixty-three (for each year of credited service) of their final compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other requirements are established by State statute. a MI a = Mil MO INN NMI I OM IS = =II OM NMI MI MI OM MN I E-- N 1 M E-- M EEO ME - MN NM IME 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 If the entity's contract with PERS provides for one year final compensation. g. Employee and Employer Contribution Obligations The District makes the contributions required of District employees on their behalf and for their account. The rates are set by statute and therefore remain unchanged from year to year. The present rates are: Category Local miscellaneous members Local safety members with benefits under Article 21252.01 Local safety members with benefits under Article 21252.6 Member Rates as a Percentage of Wages 7% 9% 7% The District is required to contribute the remaining amounts necessary to fund the benefits for its members, using the actuarial basis recommended by the PERS actuaries and actuarial consultants and adopted by the board of administration. h. Funding Status and Progress The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases and step -rate benefits, estimated to be payable in the future as a result of employee service to date. The measure Is intended to help assess the funding status of the system on a going -concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method used to determine contributions to the system. The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1991. 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 33 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, 1991, but reflects all plan amendments adopted through June 30, 1992. The total Overfund Pension Benefit Obligation applicable to the employees was $554,064 at June 30, 1991 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receNing benefits and terminated employees not yet receiving benefits $ 1,268,344 Current employees: Accumulated employee contributions including allocated investment earnings 2,789,512 Employer -financed vested 4,897,718 Employer -financed non -vested 430.501 Total Pension Benefit Obligation $ 9,386,075 Net assets available for benefits at cost (Market Value = $9,794,700) 8,832,011 Unfunded Pension Benefit Obligation $ 554,064 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 eamed 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 34 NE I NM WM EN MI i♦ I I NM I I EN I MIII NIN EN EN E 11111 N_ N— 1 V ME all E E-- I 11111 111111 City of Rancho Cucamonga Notes to Financial Statements (CoMlnued) 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. 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 Califomia Public Employees Retirement System Annual Report. The five-year trend information for the Rancho Cucamonga Fire Protection District follows: 1986-87 1987-88 1988-89 1989-90 1990-91 Net assets available for benefits expressed as a percentage of the pension benefit obligation 106.7 % 103.6 % 102.1 % 100.5 % 94.1 % Overfunded pension benefit obligation, expressed as a percentage of annual covered payroll 15.3 % 8.5 % 5.2 % 1.3 % 15.0 % Note 10: Deferred Revenue Deferred revenue as of June 30, 1992 consists of the following: General Fund - Interest accrued on advances to Rancho Cucamonga Redevelopment Agency which Is measurable but not available (See Note 6) $ 2,714,896 Special Revenue Funds - development fees collected In advance from various - developers for future Improvement projects. They are reported as follows: Beautification $ 53,475 Systems Development 786,761 Drainage Facilities 2,916 Community Development Block Grant 6.540 849.692 Total $ 3 ,4,588 35 1 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt a. A description of Individual components of long-term debt outstanding as of June 30, 1992 follows: Certlflcetes of Participation: 1. $6,390,000 Certificates of Participation, California Cities Financing Corporation, 1988 Series B - On October 4, 1988, the California 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 CertHlcates of Participation with an average Interest rate of 7.03% to render financial assistance to the City by financing, acquiring, constructing, Improving and leasing public Improvements for its Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres of land which the City intends to develop as the Community Park. The City has covenanted In its lease agreement with the Corporation to budget for, appropriate and make the lease payments to the Corporation each year during which it has use and possession of the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable for all lease payments on an annual basis should the City default on Its obligation to make lease payments. Debt service payments began June 1, 1989 and continue through December 1, 1998. The Corporation Is treated as a component unit of the reporting entity and Is reported as a debt service fund. Tax Allocation Bonds: 1. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 1990 Tax Allocation Bonds, $107,780,000 - These bonds are dated March 1, 1990 and were Issued to provide for the advance refunding of $31,215,000 Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project Tax Allocation Bonds, 1986 Series A, advance refunding of $9,100,000 Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project Refunding Tax Allocation Bonds, 1987 Series A, and the advance refunding of $9,400,000 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: 36 I N NM M M MO I INII IIIII WM N MI = N N M OM E I I MN MI_ N M N M I I-= I= MS I EN N I City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) Maturity Maturity Date Principal Interest Date Principal Interest Seotember 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, if any, on the bonds listed above and are referred to in the applicable series resolutions, as 'Pledged Tax Revenues'. Pledged Tax Revenues do not Include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and be used for the purpose of Increasing and Improving the community's supply of low and moderate income housing. Pledged Tax Revenues also do not Include that portion of Tax Revenues derived from the Project Area which are required to be used by the Agency In accordance with the provisions of certain agreements entered into by the Agency. The Agency has entered Into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered into with () the Chino Basin Municipal Water District, (i) the County of San Bernardino on behalf of the County Free Library and the San Bemardino County Flood Control District, (iii) the Cucamonga County Water District, (iv) the Foothill Fire Protection District and (v) various school districts located within the project area. Under the terms of these agreements, the Agency has agreed that certain Tax Revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670(b), shall be pledged by the Agency to make certain cash payments or in lieu of contributions to each affected taxing agency. Such payments are to be made from Tax Revenues allocated to the Agency. Pledged Tax Revenues also do not Include interest income on the various funds and accounts created by the series resolutions. Any such Investment income is available to the Agency to meet debt service payments on the bonds but is not specifically pledged therefore. 37 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) In addition to providing for the pass-through of Tax Revenue to the County Free Library and the San Bemardino County Flood Control District, the agreement between the Agency and the County of San Bemardino 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 1998-1999. 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 receNed 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. Advances from Redevelopment Agency:. 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 offsite Improvements. This loan was made to the General Fund and it is interest free, This loan Is payable In 20 equal annual Installment payments due on the last day of each fiscal year commencing with the first fiscal year during which the facility is fully occupied. As this loan was made to a City Capital Project Fund while the loans from the City to the Agency are carried by the General Fund, Special Revenue and Agency funds, the accounting for these transactions has recorded each individually rather than offsetting this loan against amounts advanced from the City. The facility was fully occupied In fiscal year 1990-91. The City has not repaid any part of this loan. 2. During fiscal year 1990-91 the Redevelopment Agency loaned $2,456,000 to the Clty. This loan is non-interest bearing and the repayment date Is not stated. Capital Lease Obligation: 1. The City entered Into equipment lease purchase agreements with various vendors. The following is a schedule by years of future minimum lease payments as of June 30, 1992. 38 a N E N IIMI N _ N 1111 I I 11111 On On MI MN NM NE I I MN EN I ME NM M- N N_-- NM N City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) Fiscal Year Internal Long -Term Debt Service Fund Account Group 1992-93 $ 27,499 $ 156,936 1993-94 27,499 59,628 1994.95 27.497 27.499 Total Minimum Lease Payments $ 82,495 $ 244,063 Less: Amount Representing Interest 10.349 13.031 Present Value of Net Minimum Lease Payments $ 72.146 $ 231.032 b. Defeasance of Bonds In prior years, the Rancho Cucamonga Redevelopment Agency defeased the following bond issues by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included In the Agency's financial statements. 1984 Tax Allocation Bonds $ 7,405,000 1986 Tax Allocation Bonds, Series A 31,215,000 1987 Tax Allocation Refunding Bonds, Series A 9,100,000 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, 1992: Outstanding Outstanding July 1. 1991 Additions Repayments June 30. 1992 Certificates of Participation: Central Park Acquisition Public Improvement Corporation Total Certificates of Participation 39 $ 4,525,000 $ $ 1,025,000 $ 3,500,000 2.435.000 240,000 2,195,000 $ 6.960.000 $ $ 1.265.000 $ 5,695.000 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) Outstanding Outstanding July 1. 1991 Additions Repayments June 30, 1992 Bonds: Tax Allocation Bonds - 1990 Issue $ 107,780.000 $ $ $ 107.780.000 Notes Payable $ $ 1.500,000 $ $ 1,500,000 Advances from Other Funds (loans between entities): Rancho Cucamonga Redevelopment Agency $ 8,131,960 $ 11,203,549 $ 10,937,288 $ 8,398,221 City of Rancho Cucamonga 6.746,000 - - 6 746,000 Total Advances to Other Funds $ 14.877,960 $11.203.549 $10.937,288 $ 15.144.221 Obligation Under Capital Leases $ .878 $ - $ 148.846 $ 231.032 Accrued Employee Benefits $ 1,106,214 $ 3,177 $ 44.823 $ 1.064,568 Total Long -Term Debt Account Group $ 131,104,052 $ 12.706.726 $ 12,395,957 $ 131.414.821 d. The following schedule illustrates the debt service requirements to maturity for bonds, notes and advances outstanding as of June 30, 1992: Fiscal Year Bonds Notes Advances Total 199E-93 $ 9,146,403 $ 135,000 $ 16,152,008 $ 25,433,411 1993-94 9,144,356 135,000 9,279,356 1994-95 10,942,235 135,000 - 11,077,235 1995-96 9,646,557 135,000 9,781,557 1996-97 9,642,160 135,000 9,777,160 Later years 210,064.261 1,567,500 211,631.761 Total Debt Service $ 258,585,972 $ 2,242,500 $ 16,152,008 $ 276,980,480 Total Interest 145.110,972 742.500 1.007.787 146,861,259 Total Principal $ 113.475.000 $ 1.500.000 $ 15.144,221 $ 130.119.221 40 NM ' M E N MN I OM a a a MN E M OM OM I N NM I E NM OM NM = - - - MO I NM N M - - - I IM City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) Loans outstanding do not have fixed amortizations. As funds will be repaid when available, amounts above represent the loan balance and one year's additional interest (where applicable). Note 12: Other Special Obligations The following issues of Residential Mortgage Revenue Bonds, Certificates of Participation and Special Assessment Bonds are not reflected in the Long -Term Debt Account Group because these are special obligations payable solely from and secured by specific revenue sources described in the resolutions and official statements of the respective issues. Neither the faith and credit nor the taxing power of the City, the Redevelopment Agency, the State of California or any political subdivision thereof, is pledged for the payment of these bonds: Original Amount City of Rancho Cucamonga Home Mortgage Revenue Bonds: 1984 Series A $ 27,825,000 1985 Series A 53,725,000 Rancho Cucamonga-Palmdale-Porterville-Colton Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 1986 17,505,000 City of Rancho Cucamonga: Improvement Bonds, Improvement District 85 -PD 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: Residential Mortgage Revenue Bonds, 1983 Series A 36,200,000 Residential Mortgage Revenue Bonds, 1984 Series A 21,375,000 Covina -Rancho Cucamonga -Calexico -Downey Housing Finance Agency, Residential Mortgage Revenue Bonds 22,074,000 Certificate of Participation - Kanter and Foothill Property 3.100.000 Total $ 220.186,844 41 1 City of Rancho Cucamonga Notes to Financial Statements (CoMlnued) Note 13: Interfund Receivables and Payables The Individual fund Interfund receivable and payable balances at June 30, 1992 are as follows: Due from/to other funds: General Fund Special Revenue Funds: Gas Tax SB 325 Park Development Beautilicatlon Systems Development Park Bond Act Drainage Facilities Pedestrian Grant Federal AId Urban Community Development Block Grant Assessment Administration SB 140 800 MHZ Radio Debt Service Funds: Redevelopment Agency, Capital Projects Funds: Assessment District 84-1 Assessment District 86-2 Assessment District 65 -PD Redevelopment Agency Agency Funds: Special Deposfts Assessment District 86-2 Assessment District 85 -PD Assessment District 88-2 Total 42 Interfund Receivables $ 7,645,804 719 58,637 1,257,522 161,531 6,083 234,424 156,009 97,859 34,215 11,004 49,016 34,080 9,746,903 Interfund Payables $ 921,834 2,386,075 1,500,000 42,738 956,000 78,926 349,848 47,957 37,090 183,422 15,150 1,666,663 25,625 1,199 1,443,924 90,452 $ 9.746,903 IIII Ia a MN N IM IMMIf_ I NM all IIIIII 111111 NM MN SO NM NM City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Advances from/to other funds: General Fund Special Revenue Funds: SB 325 Park Development Fund System Development Fund Drainage Facilities Fund Federal Aid Urban Fund Capital Project Funds: Assessment District 84-1 Redevelopment Agency Long -Term Debt Account Group: Rancho Cucamonga Redevelopment Agency City of Rancho Cucamonga Total Note 14: Fund Equity a. Reservation of Fund Balance 10M 1011 1 I= - MI MN Interfund Interfund Receivables Payables $ 5,749,896 $ 225,000 1,187,870 65,000 950,455 120,000 100,000 6,746,000 8,398,221 6.746.000 $ 15.144,221 $ 15.144,221 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 Special Revenue Funds: SB 325 Park Development System Development Drainage Facilities 43 $ 3.035.000 $ 225,000 1,187,870 65,000 950,455 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Special Revenue Funds: (Continued) Federal Aid Urban Total Special Revenue Funds Capital Projects Funds: Assessment District: 84-1 Redevelopment Agency $ 120,000 $ 2.548.325 $ 100,000 6,746,000 Total Capital Projects Funds $ 6,846,000 Total Reserve for Advances to Other Funds $ 12,429,325 Reserved for Encumbrances: General Fund $ 298.270 Special Revenue Funds: Gas Tax $ 7,312 SB 325 2,720 Recreation 153 Park Development 19,459 Beautification Landscape Maintenance Districts 51,598 System Development 37,824 Park Bond Act 7,512 Drainage Facilities 34,022 Federal Aid Urban 51,929 Community Development Block Grant 7,630 Assessment Administration 6,097 SB 140 85,552 Measure I 52,213 Total Special Revenue Funds 44 $ 364,021 a a MI s MI a a a MI a a — OM INN M I M NM NM E- I I MN N-- N I- NM UN EN N EN I City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Capital Projects Funds: Assessment District: 82-1R $ 8,526 84-2 500 86-2 1,700 85 -PD 32,435 Redevelopment Agency 16.503.416 Total Capital Projects Funds $ 16.546,577 Total Reserve for Encumbrances $ 17.208.868 Reserved for Land Acquisition: Special Revenue Funds: Fire District Reserved for Tree Replacement: Special Revenue Funds: Landscape Maintenance Districts Reserved for Termination Pay Outs: Special Revenue Funds: Fire District Reserved for Radio System: Special Revenue Funds: Fire District Reserve for Land Heid for Resale: Capital Projects Funds: Redevelopment Agency Reserved for Future Fire Station: Fire District Reserved for Vehicle and Equipment Replacement Fire District Total Reserved 45 $ 400,000 $ 54.514 $ 120.000 $ 80.000 $ 6,459.841 $ 627.529 $ 1.015.150 $ 38.395.227 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 -tens 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. 8. Reserve for Future Flre Station This reserve represents amounts segregated by the Fire District for use in constructing a fire station. 46 i♦ I IMO MI i♦ MIN =I N - f1♦ f1♦ I i1♦ NM f1♦ MN OM 1-_ M N MI M 1-_ N M N=- MI N N City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 9. 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 $ 993,038 Designated for changes In economic circumstances General Fund $ 6,536,512 Fire District 46.008 6,582,520 Designation for unforseen major repairs Fire District 100,000 Designation for working capital Fire District 1,000,000 Designated for Continuing Projects Capital Projects Funds: Redevelopment Agency 68,074,602 Designation for Long -Term Employee Benefits General Fund 375,727 Designation for Future Computer Equipment General Fund 122,800 Designation for Integrated Waste Management General Fund 113,875 Designation for Booking Fees General Fund 284,710 Designated for Debt Service Debt Service Funds: Central Park Acquisition $ 645,412 Public Improvement Corporation 288,488 Redevelopment Agency 21.373.156 47 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Total Designated for Debt Service Total $ 22.307.056 $ 99,954,328 Note 15: Restatements and Adjustments 1. Fund balance has been restated due to incorrect interest allocation per the results of a Measure I audit in the following funds: General Fund $(12,366) Special Revenue Funds: Gas tax (3,663) SB 325 (3,461) Park Development (1,551) Beautification (112) SB 300 Lighting Districts (1,486 Landscape Maintenance Districts (5,760) Systems Development (1,650) Drainage Facilities (6) Assessment Administration (392) Measure I 43,557 Capital Projects Funds: Assessment District 82-1R (1,069) Assessment District 84-2 (159) Assessment District 86-2 047) Assessment District 85 -PD (531) Internal Service Fund (3,442) $ _7.325 2. Fund balance has been restated to charge expenditures to the proper fund per the results of a Gas Tax audit in the following funds: General Fund Special Revenue Funds: Gas tax 48 $ (137,074) 137,074 On 1 M = NM e N N MI N N M NM MI = MO N N NM is IIIIII NM I M NM= 1 — MI I— = MN— M I M I I City of Rancho Cucamonga Notes to Financial Statements (CoMlnued) Note 15: Restatements and Adjustments (Continued) 3. Fund balance has been increased In the General Fund to record cash received in a prior year which was originally reported in the special deposits fund. $ 8.850 4. Fund balance has been restated for a prior year's interest eamings which were recorded as revenue but should have increased developers' liability accounts In the following funds: Special Revenue Funds: Beautification $ (15,346) Systems Development (225,546) Drainage Facilities (836) $ 241 728 5. Fund balance has been reduced in the General Fund to report expenditures paid in the current year which related to a prior year. $ 49 865 6. Fund balance has been restated to correct amounts reported as revenues in prior years which were actually liabilities in the following funds: Special Revenue Funds: Park Development $ (52,860) Beautification (12,043) Systems Development (25,854) Drainage Facilities (18.995) $109 752 7. Fund balance has been Increased in the Systems Development Fund to correct an expenditure which was recorded twice In a prior year. $ 9.494 Total Restatements $ (MM) 49 City of Rancho Cucamonga Notes to Financial Statements (Continued) IV. OTHER DISCLOSURES Note 16: 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 point powers authority of 22 California cities, for the purpose of pooling the City's risk for general liability losses with those of other member cities. The City's share in the pool was approximately 14.5% as of June 30, 1992. The Goveming 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, 1991 is as follows: Unaudited Revenues $ 2,197,938 Expenses 2,084,599 Excess of Revenue Over Expenses $ 113.339 Net Increase In Fund Balance $ 113.339 Total Assets Total Liabilities $ 6,286,317 Total Fund Balance 315.959 Total Liabilities and Fund Balance $ 6,602.276 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 $993,038 is adequate to cover such losses. This designation exceeds the CMIA requirement of three times the City's self-insured retention. 50 a M M a a 1 a UM MN I NM ON 11111 11111 INN EN ■ INN E_ M M= 1 I= 1 W-- MO I NM I M a City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 17: 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, 1992 the following balances of assets and liabilities were present: Total Assets Liability to Plan Participants Note 18: West End Communications Financing Authority Cost Value Market Value $ 2,224,046 $ 2,224,046 $ 2,224,046 $ 2,224,046 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 Law of the State of California. It was established for the purpose of financing public Improvements through the acquisition, construction and Improvement thereof by the Authority. The Authority's membership consists of the City of Chino, the City of Ontario, the City of Rancho Cucamonga 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 800MHZ 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. 51 4 City of Rancho Cucamonga Notes to Financial Statements (Continued) V. SIGNIFICANT EFFECTS OF SUBSEQUENT EVENTS Note 19: Property Tax and Other Revenue Reductions Recently, the State of California enacted 'trailer bills' to Its budget which overcame their budget revenue shortfall. As of the date of this report, these bills effect property tax revenue for the City and Its Redevelopment Agency as follows: City of Rancho Cucamonga Property Tax Reduction General property taxes are cut 9 percent across the board. This cut has been estimated to be $200 million on a statewide basis and will use the property tax revenue for 1991-92 as Its computational basis. This will be a permanent reduction in this revenue to the City. Cigarette Tax Revenue Traditionally, 30 percent of this revenue has gone to cities and counties. In 1991, 47 percent of the amount available to cities was shifted to the State General Fund until July 1, 1996. Recent State actions shin all of the funds to the State General Fund. Additionally, the State declares the Legislature's Intent to occupy the field of cigarette taxes and prohibits cities and counties from imposing their own local cigarette taxes. Redevelopment Agency - Tax Increment Reduction Statewide, $205 million In redevelopment funds will be paid to schools for one year only In 1992-93. This amounts to Just under 16 percent of the total statewide tax Increment revenue for 1990-91 (base year for calculation of the payment). In making this payment to the schools, the agency can use any legally available funds; however, no more than 50 percent of the low and moderate housing set-aside funds may be used. Any of the low and moderate housing set-aside funds utilized will have to be repaid to the fund by the year 2003. If the agency Is unable to make the full payment due to debt or other obligations, the agency shall enter Into an agreement with the legislative body of the City to fund the payment of the difference between the full amount required to be paid to the schools and the amount available to the agency for the payment, If the Agency fails to make the necessary payment to the schools, the property tax allocation from the City shall be reduced In an amount equal to the required payment. ff a redevelopment agency transfers property tax Increment revenue to a K-12 school district the bills counts that money against the district's revenue limit. This provision may serve to reduce the payment described above. This payment above Is to be calculated based upon 1990-91 tax Increment revenue generated by each agency. This appears to be the gross amount of Increment allocated to the Agency with no offsets present for plan limitations and/or pass through agreements. 52 IIMI INN MB INN 1= 1M1 11111 NE 111111 11111 NMI NM NE SI IIMM M a N — I I N N N MO all N M M N = I E MIII City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 19: Property Tax and Other Revenue Reductions (Continued) Therefore, it is possible and probable that agencies with these limitations and agreements would have a payment amount substantially higher that the 16 percent amount discussed above. Estimates prepared by the League of California Cities have indicated that the Agency's payment could amount to $3,713,512 for 1992- 93. This is a one time payment; however, their is no assurance that it would not be reinstated in years following 1992-93. Note 20: 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 can not 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 should happen during fiscal year 1992-93 and could cause a material reduction in available fund equity of the Capital Project Fund. 53 This page intentionally left blank. 71 G E N E R A L F U N D This page intentionally left blank. MN MI I-- - -- 1 NB E MO MI- M- 1- I ASSETS CITY OF RANCHO CUCAMONGA Schedule 1 BALANCE SHEET GENERAL FUND JUNE 30,1992 TOTALS June 30, 1992 1991 Cash and Investments $ 2,331,061 $ 1,667,983 Receivables (net of allowance for uncollectibles): Taxes 295,819 500,862 Accounts 559,080 378,238 Interest 208,094 214,496 Due from other funds 7,645,804 6,650,410 Advances to other funds 5,749,896 5,483,635 Total Assets $ 16,789,754 $ 14,895,624 LIABILITIES AND FUND BALANCES UabIINlee: Accounts payable $ 454,956 $ 816,704 Accrued payroll payable 375,297 368591 Accrued employee benefits payable - current 562,839 455,548 Due to other funds 921,834 1,344,842 Deferred revenue 2,714,896 2,448,635 Total Liabilities 5,029,822 5,432,320 Fund Balances: Reserves: Reserved for encumbrances 298,270 Reserved for advances to other funds 3,035,000 Unreserved: Designated for self-insurance 993,038 Designated for long-term employee benefits 375,727 Designated for future computer equipment 122,800 Designated for integrated waste management 113,875 Designated for booking fees 284,710 Designated for changes in economic circumstances 8,536,512 Undesignated Total Fund Balances Total Liabilities and Fund Balances 54 1,275,936 3,035,000 994,774 4,157,594 11,759,932 9,463,304 $ 18,789,754 $ 14,895,624 CITY OF RANCHO CUCAMONGA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Revenues: Tawe Licensee and permits Fines and forfeits Use of money and property Intergovernmental Chargee for ear/Ices Other Total Revenues Expenditures: Current. General government Public safety Engineering and public works Community development Community services Debt service: Principal Interest and fiscal chargee Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operaing transfers In Operating transfers out Loan proceeds Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses Fund Balances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expenditures and Other Uses End of Fiscal Year (Schedule 1) 55 Schedule 2 TOTALS Year ended June 30, 1992 1991 $ 11,629,131 $ 10,696,691 1,357,877 1,628,195 213,226 251,271 1,100,304 516,520 4563,754 4,348,262 1,438,758 1,465,940 7,443,319 5,996,326 27,946,369 24,903,405 5,744,135 8,397,481 7,401,199 7,311,306 6,850,126 6,877,883 3,780,370 3,284,862 1,198,406 1,014,307 88,104 16,876 25,077,218 2,869,153 116,948 32,319 27,035,086 (2,131,681) 823,164 802,251 (1,205,234) (823,010) 2,456,000 (382,070) 2,435,241 $ 2.487,063 $ 303,560 $ 9,483,304 $ 9,212,727 (190,455) (52,983) 9,272,849 9,159,744 2,487,083 $ 11,759,932 303,560 $ 9,483,304 a M MI 11101 M I M a N a a NM I = I ME UM I- M I M ME M M- = M M S M= E M CITY OF RANCHO CUCAMONGA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL. (BUDGETARY BASIS) GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 3 Page 1 of 5 TOTALS- Year Ended June 30, 1992 1991 Varlance- Favorable Budget Actual (Untevorable) Actual Revenues: Property taxes $ 2,778,000 $ 2,634,740 $ (143,260) $ 2,446,699 Other taxes: Property transfer tax 258,000 281,392 23,392 232,147 Transient occupancy tax 5,000 4,560 (440) 6,658 Sales and use taxes 6,400,000 6,351,200 (48,800) 5,729,225 Admission tax 16,500 5,408 (11,092) 17,537 Franchise taxes 2,041,660 2,551831 510,171 2,264,625 Total Taxes 11,499160 11,829,131 329,971 10,696,891 Licenses and permits: Building permits 457,000 591,040 134,040 867,679 Business licenses 847,600 759,344 (88,256) 752,631 Other permits 7,750 7,493 (257) 7,885 Total Licenses and Permits 1,312,350 1,357,877_ 45,527 1,628,195 Fines, forfeits and penalties: Court fines Total Fines and Forfeits 260,200 213,226 (46,974) 251,271 260,200 213,226 (46,974) 251,271 Use of money and property: Internet Income 125,000 390,404 265,404 516,520 Rent 100 709,900 709,800 Total Use of Money and Properly 58 $ 125,100 $ 1,100,304 $ 975,204 $ 516,520 CITY OF RANCHO CUCAMONGA SCHEDULE OF REVENUES, EXPENDRURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS) GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Imergovemmentel: Cigarette tax Motor vehicle In lieu Trailer coach Homeowners exemption end other subvention Youth program reimbursements State perk grants Waste management leve Off-highway motor vehicle Total Intergovernmental Charges for services: Pian check fees Planning fees Engineering fees Sale of materials Other chargee for services Total Charges for Services Other: Cost reimbursements Miscellaneous revenue Total Other Total Revenue 57 Budget TOTALS -Year Ended June 30. 1992 Schedule 3 Page 2 of 5 1991 Variance - Favorable Actual (Unfavorable) Actual $ 170,860 S 71,348 $ (99,512) S 148,539 3,831,000 3,697,061 (133,939) 3,998,948 10,000 13,398 3,398 23,738 8,060 77,833 69,773 45,064 60,910 83,876 22,966 66,253 279,640 128,3877 (153,253) 64,914 465,780 492,025 28,245 1,790 1,826 36 806 4,828,040 4,563,754 (264,286) 4,348,262 270,000 331,359 61,359 356,694 117,960 219,944 101,984 92,002 952,000 751,436 (200,564) 961,037 58,200 53,818 (4,382) 55,817 300 . 82,201 81,901 390 1,398,460. 1,438,758 40,298 1,465,940 7,313,380 6,853,508 (459,874) 5,708,977 33,130 589,813 556,683 287,349 7,348,510 7,443,319 96,809 5,996,328 $ 26,769,820 $ 27,946,389 $ 1,178,549 S 24,903,405 111111 NIB MINI IIIIII Mil NIB INE IS MINI ON 0111 OM a MI IS 111111 MN NB_ NE E M MN= NB_ MN MN E Ma MN 1 1 NM CITY OF RANCHO CUCAMONGA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS) GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 3 Page3of 5 TOTALS- Year Ended June 30. 1992 1991 Variance - Favorable Budget Actual (Unfavorable( Actual Expenditures: General government: City council $ 52,470 $ 58,161 S (3,691) $ 44,406 City manager 537,800 387,235 150,565 368,349 Public safety commission 770 848 124 690 City clerk 288,820 284,033 22,587 242,840 Personnel overhead 38,200 158,903 (122,703) 3,260,185 General overhead 2,270,088 1,947,408 322,862 2,061,612 Treasurer 2,510 1,878 632 26,335 Administrative services 274,220 262,271 11,949 143,548 Finance 572,220 515,022 57,198 495,731 Business licenses 174,190 167,527 8,683 152,517 Personnel 212,870 178,438 34,432 171,652 Purchasing 208,570 204,572 3,998 135,515 Risk management 85,830 81,882 3,948 54,747 Fire District administration 51,940 51,502 438 • City facilities 1,808,820 1,680,604 128,216 1,360,491 Total General Government 6,575,098 5,958,080 617,018 8,518,816 Public safety: Police: Sheriff contract services 7,533,160 7,191,476 341,684 7,074,848 Animal control 194,390 - 194,390 - Emergency preparedness 221,200 210,488 10,712 243,173 Total Public Safety S 7,948,750 S 7,401,984 $ 548,788 $ 7,318,019 58 CITY OF RANCHO CUCAMONGA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (BUDGETARY BASIS) GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30, 1992 Schedule 3 Page 4 of 5 TOTALS -Year Ended June 30. 1992 1991 Variance - Favorable Budget Actual (Unfavorable) Actual Engineering and public works: Engineering administration S 1,054,580 S 874,022 $ 180,558 S 436,440 Development management 853,590 833,077 20,513 1,167,618 Traffic management 307,560 374,875 (67,115) 284,568 Project management 132,270 246,372 (114,102) 78,127 Conetrucllon manegemem 573,950 550,525 23,425 422,625 Street and park maintenance 3,806,739 3,528,341 280,398 5,547,399 Vehicle maintenance 857,730 516,592 141,138 Total Engineering and Public Works 7,388,419 6,921,604 484,815 7,936,777 Community development: Planning commisekin 16,600 14,091 2,509 16,091 Administration 197,320 199,387 (2,047) 107,827 Planning 1,980,140 1,842,884 117,276 1,748,513 Historical preservation commission 5,030 3,840 1,190 3,788 Environmental management commission 1280 409 871 962 Building and safety 1,742,240 1,728,653 13,587 1,459,872 Total Communhy Development 3,922,610 3,789,224 133,386 3,335,053 Community services: Community services 1,275,750 1,199,754 75,996 1,069,920 Park and recreation commission 1,920 1,880 40 2,436 Total Community Services 1,277,670 1,201,634 76,036 1,072,356 MI IS M MI e e NM NM a MO a a a NM IS ell MN MIII I - - N - - _ - 1 - - - - I M OM CITY OF RANCHO CUCAMONGA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES 1N FUND BALANCES • BUDGET AND ACTUAL (BUDGETARY BASIS) GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 3 Page5of 5 TOTALS -Year Ended June 30, 1992 1991 Variance - Favorable Budget Actual (Unfavorable) Actual Debt service: Principal $ 86,104 $ (86,104) $ 116,948 Interest and fiscal charges • 16,876 (16,876) 32,319 Total Debt Service 102,980 (102,980) 149,267 Total Expenditures 27,110,547 25,375,486 1,735,061 28,330,088 --t- Excess of Revenues over (under) Expenditures (340,727) 2,570,883 2,911,610 (3,426,683) Other Financing Sources (Uses): Operating transfer In 106,190 823,184 716,974 802,251 Operating transfer out (417,719) (1,205,234) (787,515) (823,010) Loan proceeds - • 2,456,000 Total Other Financing Sources (Uses) (311,529) (382,070) (70,541) 2,435,241 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (652,256) 2,188,813 2,841,069 (991,442) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) 298,270 298,270 1,275,936 �— $ (652,256) $ 2,487,083 $ 3,139,339 $ 284,494 Fund Balances: Beginning of Fiscal Year • as previously reported $ 9,463,304 $ 9,463,304 $ - $ 9,231,793 Restatements - (190,455) (190,455) (52,983) Beginning of Year • as restated 9,463,304 9,272,849 (190,455) $ 9,178,810 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) (652,256) 2,487,083 3,139,339 284,494 End of Fiscal Year (Schedule 1) $ 8,811,048 $ 11,759,932 $ 2,948,884 $ 9,463,304 60 This page intentionally left blank. 171 P E C 1 A L R E V E N U E F U N S This page intentionally left blank. 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 1 Established to account for the revenue and disbursement of State matching funds for the construction of eligible street construction 1 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 1 Safety. Air Quality Improvement Fund 1 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 1 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. 1 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. 1 Fire District 1 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 1 1 1 1 ASSETS Cash and investments Receivables (net of allowance for uncollectibles): Taxes Accounts Deferred loans Interest Grants Liens Due from other funds Deposits Advances to other funds Total Assets LIABILITIES AND FUND BALANCES Llabilkles: Accounts payable Accrued payroll payable Due to other funds Due to other governments Accrued employee benefits - current Deferred revenue Total Liabilities CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1992 Schedule 4 Page 1 013 Landscape Park Lighting Maintenance Systems Gas Tex SB 325 Recreation Development Beautification SB 300 Districts Districts Development 53,159,636 $1,507,228 $ 386,911 $ $ 444,853 517,616 $ 612,397 $ 3,749,828 5 1,275,572 2,530 16,401 - - 719 58,637 1,257,522 835,000 225,000 1,187,870 $3,179,288 51,790,885 $ 386,911 $ 3,080,392 $ 11,733 57,626 1,808 76,581 17,388 161.531 85.000 444.853 517,616 $ 624,130 $ 3,809,262 $ 1.596.070 $ 50,481 $ - $ 33,072 $ 56,500 5 12,043 $ $ 42,440 $ 251,106 5 93,774 28,354 330 12,168 3,281 369 - 27,682 12,225 • 2,388,075 1,500,000 - 53,475 786,761 78,815 330 45,240 2,445,856 1,565,887 • 42,440 278,788 892,760 Fund Balances: Reserves: Reserved for encumbrances 7,312 2,720 153 19,459 $ - 51,598 37,824 Reserved for advances to other funds 225,003 1,187,870 - 65,000 Reserved for tree replacement - - - 54,514 Reserved for future lire station - - Reserved 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 - - - - - - - - Undesignated 3,093,159 1,562,815 341,518 (572,793) (1,121,034) 17,616 581,690 3,424,362 600.486 Total Fund Balances 3,100,471 1,790,535 341,671 634,536 (1,121,034) 17,616 581.690 3.530,474 703,310 Total Liabilities and Fund Balances 53,179,286 51,790,865 $ 388,911 $ 3.080,392 $ 444.853 517,616 $ 624,130 $ 3,809,262 $ 1.596,070 61 Ell MN =1 EN 11111 1E1 NEI 11111 11111 EN NEI 111111 M1111 NMI 11111 all INN 11M M OM I MN M M=--- N NM M I OM I MI E MN ASSETS Cash and investments $ 249 $ 131,627 $ • $ 58,137 $ $ 123.776 $809,280 $ 120,288 $ - $ 33,223 Receivables (net of allowance for unoollectibies): Taxes Accounts - - - - Deferred loans 8,540 - - Interest - - - - - - - Grants 43,775 72,843 275,393 74,890 2,589 10,968 Ilene - - - - - - Due from other funds 8,083 234,424 158,009 Deposits - - Advances to other funds 950,455 120,000 Total Assets $ 44,024 81082,082 $ 78,926 8885,954 $ 81,430 $ 123178 $809,280 $ 278,886 $ 10,968 $ 33,223 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1992 Schedule 4 Page 2 013 Community San Sevalne/ Sobriety Air Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Quality Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Grant Improvement LIABILMES AND FUND BALANCES UablIttlea: Accounts payable 8 1.286 $ 133,590 $- $ • $ 24,635 $ 5,778 $ 8 $ 10,968 $ Accrued payroll payable 313 2,298 27,083 - Due to other funds 42,738 956.000 78,928 349,848 47,957 37,090 Due to other governments - - 20,455 - - Accrued employee benefits • current - - Deferred revenue 2,918 8.540 Total Uabilitlee 44,024 1,092,819 78.928 370,303 81.430 69.929 10,968 Fund Balaban: Reserves: Reserved for encumbrances 7,512 34,022 51,929 7,830 8,097 85,552 Reserved for advances to other funds 950,455 120,000 Reserved for tree replacement Reserved for future fire station Reserved 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 cap8at - - - Undesignated (7,512) (995,214) 143,722 (7,830) 47.750 809,280 193,334 33,223 Total Fund Balances (10,737) 315,651 53.847 809,280 278,886 - 33,223 Total Liabilities and Fund Balances $ 44,024 $ 1,082,082 $ 78,928. 2885,954_ $ 81,430 $ 123.778 $809 280 $ 278 886 $ 10,968 $ 33,223 82 ASSETS Cash and Investments Receivables (net of allowance for uncollectibles): Taxes Accounts Deferred loans Interest Grants Uens Due from other funds Deposits Advances to other funds Total Assets LIABILITIES AND FUND BALANCES CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1992 TOTALS 800 MHZ Fire June 30. Radio Measure I District 1 9 9 2 1 9 91 $ 183,861 8 798,400 $ 3,882,246 $17,071,128 $ 13456,845 134,042 - 203,401 206,880 335 - 348,858 351,531 373,552 6,540 6,540 49,083 49,083 33,212 857,039 1,081,214 33,787 36,372 1,874,925 383,079 835,000 635,000 2,548,325 2,548,325 8 184,198 $ 930,442 S 4,058,187 S 23,330,759 $18,721,022 Liabilities: Accounts payable $ 335 $ 35,811 $ 210,300 $ 962,097 $ 682,117 Accrued payroll payable 2,343 116,428 63,699 Due to other funds 183,422 - 5,582,058 4,011,506 flue to other government - 20,455 20,455 Accrued employee benefits - current 459,200 459,200 408,111 Deferred revenue - 849.692 563,283 Total liabilities 183,757 35,154 689,500 7,989,928 5,749,171 Fund Balances: Reserves: Reserved for encumbrances 52,213 384,021 2,570,324 Reserved for advances to other funds 2,545,325 2,548,325 Reserved for tree replacement 54,514 50,987 Reserved for future fire station 827,529 627,529 Reserved for land acquisition - 400,000 400,000 397,897 Reserved for termination pay out - 120,000 120,000 90,000 Reserved for radio system 80,000 80,000 120,000 Reserved for vehicle and equipment replacement 1,015,150 1,015,150 Unreserved: Designated for changes In economic circumstances 48,008 48,008 Designated for unforeseen major repairs - - 100,000 100,000 Designated fot woridng capital - 1,000,000 1,000,000 - Undesignated 439 840,075 - 5,985286 7,194,318 Total Fund Balances 439 892,288 3,388,887 15,340 833 12,971,851 Total Liabilities and Fund Balances S 184,196 $ 930,442 54,058,187 423330,759 518,721,022 83 Schedule 4 Page 3 of 3 _ _ _ _ _ 11111 _ _ _ _ _ In _ _ _ _ _ _ _ N MI N- MN 1 MI- I E EN NE 1 E-_ MN N IMM CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 5 Page 1 of 3 Landscape Park LlgMing Maintenance Systems Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development Revenues: Taxes 8 - $ - $ $ $ $ - $ 520,756 $ 3,544,551 $ Fines and forfeits - - - - - Use of money and property 100,839 02,348 1,060 32,788 180,007 7,383 IMergovemmentel 1,744,304 322,500 - - - - Charges for services • 702,706 - Development fees - - 357,709 93,917 1,064,497 Other • 2,565 - 22,094 Total Revenues 1,845,143 407,433 702,706 357.709 93,917 1,060 553,544 3,724,558 1,093,974 Expenditures: Current: General government - - 575,753 Engineering and public worlu 661,194 16,207 - 17,921 - - 585,272 Community development - •- - 3,024,527 Community services 642,447 481,664 Public safety • Bre protection -•- - Capital outlay 205,193 148,809 2,755 130,888 59,525 463,438 Debt service: Principal 42,302 - Interest and fiscal charges 5,511 Total Expenditures 914.200 162,818 645,202 812,552 77,448 575,753 3,024,527 1,048,710 Excess of Revenues over (under) Expenditures 930,943 244,617 57,504 (254,843) 16,471 1,060 (22,209) 700,031 45,264 Other Financing Sources (Uses): Operating transfers In - t257,522 • Operating transfers out (1,844,331) (12,401) (598,882) Bond proceeds - - - Total Other Financing Sources (Uses) (386,809) (12,401) - (598,882) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ 930,943 $ 244,617 $ 57.504 $ (641,852) $ 16,471 $ 1.0600 $ (34,610) $ 700,031 $ (553,598) Fund Balances: Beginning of Racal rear- as previously reported 92,038,117 91,549,379 $ 284,167 $ 1,330,599 $ (1,110,004) $ 16,593 $ 617,786 $ 2,836,203 $ 1,500464 Restatements 133,411 (3,481) (54,411) (27,501) (37) (1,486) (5,760) (243,556) Beginning of Fiscal Year - es restated 2,169,528 1,545,918 284,167 1,276,188 (1,137,505) 16,558 616,300 2,830,443 1,256,908 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 930,943 244,617 57,504 (641,652) 16471 1,060 (34,610) 700,031 (553,598) End of Fiscal Year (Schedule 4) $ 3,100,471 $1,790,535 $ 341,671 9 834,536 $ (1,121,034) $ 17,616 $ 581,690 $ 3,530,474 $ 703,310 64 Revenues: Taxes Fines and forrehs Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 5 Page 2 of 3 Community San Sevaine/ Sobriety Air Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Checkpoint Quality Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Grant Improvement 1,183 - 5,585 2,752 - 1,186 33,525 - 335,408 485,299 • 42,721 10,968 48,141 160,090 1,151,891 778,688 - 13,280 - 33,525 161,273 335,408 498,559 1,157,476 776,688 45,473 10,968 49,333 Expenditures: Current: General govemment - - 1,065,379 - 16,110 Engineering and public works 270,428 80,002 7,437 Community development - - Community seMces Public safety - fire protection - Capital outlay 33,775 434,292 310,008 498,559 - 193,708 10,968 Debt eeMce: Principal - Interest and fiscal charges Total Expenditures 33,775 704.720 390,010 498.559 1,065,379 201,145 10,968 16,110 Excess of Revenues over (under) Expenditures (250) (543,447). (54,602) 92,097 776,688 (155,672) 33,223 Other Financing Sources (Uses): Operating transfers In 250 - 54,602 Operating transfers out - Bond proceeds - Total Other Financing Sources (Uses) 250 54,602 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ $ (543,447) $ • $ $ E 92,097 754,621 754,621 $ 776,688 $ 598,949 E $ 33,223 Fund Balances: Beginning of Fiscal Year - as previously reported $ $ 552,547 $ • $ 315,651 $ $ (37,858) E 32,592 $ (320,083) $ - $ Restatements (19,837) (392) . Beginning of Fiscal Year - as restated 532,710 315,651 (38,250) 32,592 (320,063) Excess of Revenues and Other Sources over (under) Expenditures and Other Lissa (543,447). 92,097 776,688 598,949 33,223 End of Fiscal Year (Schedule 4) E E (10,737) E • $ 315,651 $ $ 53,647 $ 809,280 $ 278,886 E - $ 33,223 65 11.1111 =I NM MIN Mil MINI MI OM IIIIII OM IIIIII MO 1 MN EN I E NM NM N-- a-__--- MN 1 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 TOTALS 800 MHZ Fire Year ended June 30. Radio Measure I District 1 9 9 2 1 9 91 Revenues: Taxes $ - $ • $ 6.148.445 $10,213,752 $ 9.474,617 Fines and forfeits - - 13,460 13,460 - 1 Use of money and properly 1,959 42,471 314,525 774,088 957,938 Intergovemmental - 782,085 1,718,549 5,523,508 3,045,489 Charges for services - - 150.581 853,287 731,685 Development fees - - 3,604,792 3,303,543 Other 65,258 103,195 273,119 Total Revenues 1,959 824,556 8,410,818 21,088,078 18,686,391 Expenditures: Current: General government - 1.657,242 1,589,933 Engineering and public works 144,085 1,782,546 1,524,281 Community development - - 3,024,527 1,322,447 Community services - 1,124,111 1,793,808 Public safety - fire protection - - 7,482,224 7,482,224 7,002.548 Capital outlay 716,005 440,581 207,648 3,853,952 10,590,895 Debt service: Principal - 42,302 105,473 Interest and fiscal charges 111,094 116,605 111,103 Total Fxpendltures 716,005 584,868 7,780,966 19,083,509 24,040,488 Excess of Revenues over (under) Expenditures (714,046) 239,890 629,850 2,022,569 (5,354,097) Other Financing Sources (Uses): Operating transfers in 183,880 2,250,855 22,271 Operating transfers out - (2255,594) (1,813,586) Bond proceeds 530,625 530,625 Totat Other Financing Sources (Uses) 714,485 525,888 (1,591,315) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ 439 $239,890 $ 629,850 $ 2,548,455 $ (6,945,412) Fund Balances: Beginning of Fiscal Year - as previously reported $ - $608,841 $ 2,758,837 $12,971,851 $ 18,576,112 Restatements 43,557 (179,473) 1,341,151 Beginning of Fiscal Year - es restated 652,398 2,758,837 12,792,378 19,817,263 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 439 239 890 629,850 2,548,455 (8,945,412) End of Fiscal Year (Schedule 4) $ 439 $892,288 $ 3,388,687 $15,340,833 812,971,851 66 Schedule 5 Page 3 of 3 Revenues: Taxes Anes and forfeb Use of money and properly Intarpovemmental Chrges for eervicea Development fees Other Total Revenues Expenditures: Cement General government Engineering and pudic worts Community development Community veMcss Pudic safety - ftre prvt&hat Capital outlay Debt service: Interest Pend boat chargee Total Expenditures Excess of Revenues over (under) ExpendlMem Other Financing Sources (Uses): Opantng cartes In Operating bunters out Bond proceed. Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Bets) 706,656 823,631 216,775 1,055,530 241,697 (513,633) (14,003) 57,351 71,434 Adjustments:t TToencumbrances 7,312 7,312 2.720 2,720 153 153 Excess of Revenues and Other Sources over (under)Expenditures and Other Uses (OMBasle) S 700,856 S 930,943 Fund Balances: Beginning of Ftscal Yeer- as previously reported 82,036,117 82,036117 Reetatanenta 133,411 Beginning of Fiscal Year • as restated 2,036,117 2,169,526 Excess of Revenues and Other Sources over (ude- Experd0urss end Other Uses (GAAP Basis) 706858 930,943 224,087 1,055,530 244,617 (010,913) (14,063) 57,504 71,587 End of Fiscal Year 92,742,973 93,100,471S 357.496 f 2,604,908 57,790,535 S (814,374) $ 270,084 $ 341,671 $ 71,557 CITY OF RANCHO CUCAMONGA 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 30,1992 GAS TAX 8B325 RECREATION Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Untavo.ble) Budget Actual (Unfavorable) 68,000 100,839 32,539 40,000 82,345 42,348 1,680,000 1,744,304 64,304 1,357,140 322,500 (1,034,840) • 2.585 2,585 1,745,000 1,845,143 97,143 1,397,140 407,433 (989,707) 885,800 702.706 37,108 710,665 661,194 40,471 48.430 16,207 32,223 702,706 37,106 330,479 212,505 117,974 293,160 149,329 143,851 42502 (42.302) - 5,511 (5,611) 1,041,144 921,512 119,632 341,610 165,536 176,074 678,683 545,355 34,326 662,959 642,600 20,383 16,700 2,755 13,045 216,775 1065,530 241,697 (613,633) (14,063) 57,351 • $ 224,067 $1,055,530 $ 244,617 $ (510,813) $ (14,083) $ 57,504 $ 71,587 $ - $1,549,379 31,549,379 $ - $ 284,187 $ 284,187 $ 133,411 • (3,461) (3,461) 133,411 1,549,379 1,545,915 (3,461) 264,157 261,187 67 Schedule 6 Page 1 of 7 M N MI M = N MI MI E N N IIIIII M In MI MI J NM N_-- NM M-- I- I M M NM N MN 11111 CITY OF RANCHO CUCAMONGA 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, 1992 PARK DEVELOPMENT BEAUTIFICATION LIGHTING DISTRICTS Variance- Variance- Vadance- Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $ $ $ - $ - $ $ - $ 528,881 $520,756 $ (8,111) Fines and forfeits - - - Use of money end property - - 45,636 32,788 (12,848) intergovernmental - - Charges for services - - -- Developmentfees 1,830,720 357,709 (1,473.011) 340,000 93,917 (248,083)- Other - - - Total Revenues 1,830,720 357,709 (1,473,011) 340,000 93,917 (248,083) 574,503 553,544 (20,959) Expenditures: Current: General govemmeM - 612,202 575,753 36,449 Engineering and public works 20,250 17,921 2,329 - - Community development - - - - - - - Community cervices 489,480 481864 7.816 - Public safety • fire protection - - - CapBaloutlay 191,749 150,347 41,402 188,430 59,525 128,905 - - Debt service: Pdncipal Interest and fiscal charges Total Expenditures 801,229 832,011 49.216 208,680 77,446 131,234 612,202 575,753 36,449 Excess of Revenues over (under) Expenditures 1,149,491 (274,302) (1,423,793) 131,320 16,471 (114,849) (37,899) (22,209) 15,490 Other Financing Sources (Uses): Operating transfers In - 1,257,522 1,257,522 - Operating transfers out (1,690,140) (1,644,331) 45,809 (12,401) (12,401) Bond proceeds - Total Other Financing Sources (Uses) (1,690,140) (3888,809) 1,303,331 (12,401) (12,401) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (540,649) (881,111) (120,462) 131,320 16,471 (114,849) (50,100) (34,610) 15,490 Adjustments: To adjust for encumbrances 19,459 19,459 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) $ (540,649) $ (641,652) $ (101,00) $ 131,320 $ 16,471 5(114,849) $ (50,100) 5(34,610) $ 15,490 Fund Balances: Beginning of Fiscal Year - as previously reported $ 1,330,599 $ 1,330,599 $ • $ (1,110,004) $ (1,110,004) $ - $ 617,786 $617,766 $ • Restatement - (54,411) (54,411) (27,501) (27,501) (1,488) (1,486) Beginning of Fiscal Year - es restated 1,330,599 1,276,188 (54,411) (1,110,004) (1,137,505) (27,501) 617,786 816,300 (1,486) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) (540,649). (641,652) (101,003) 131,320 16,471 (114,849). (50,100) (34,610) 15490 End of Fiscal Year $ 789,950 $ 634,536 $ (155,414) $ (978,684) $ (1,121 034) $ (142,350) $ 567,686 $581,690 88 $ 14,004 i� Schedule 6 Page 2 of 7 Revenues: Taxes Fines and forfeits Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current: General government Engineering and public works Community development Community services Public safety - fire protection Capital outlay Debt service: Principal Interest and fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Operating transfers out Bond proceeds Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) Fund Balances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) End of Fiscal Year CITY OF RANCHO CUCAMONGA 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, 1992 LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT PARK BOND ACT Variance- Vadance- Variance- Favorable arie � FaVO° Favorable Favorable Budge) Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual Unfavorable $3,367,020 5 3,544,551 $ 177,531 $ - $ - $ 74,060 180,007 105,947 4,400 7,383 763.000 1,064,497 22,094 3,441,080 3,724,555 283,478 767,400 1,093,974 3,803,161 3,076,125 727.036 3,803,161 586,780 553,640 3,076,125 727.038 1,140.420 (382,081) 648.433 1,010,514 (373,020) 555,272 501,262 1.086.534 7.440 (598,862) (598,892) (362,081) 475,854 837,935 (373,020) (591,422) 51598 _. 51,598 37.824 2.983 • 301,497 22.094 320.574 1,508 52,378 S $ $ 40,000 33,525 • (6,475) 40000 33.525 (8,475) 84,470 41,287 43,183 53.888 84,470 41,287 43,183 380.460 (44,470) (7,762) 36,708 250 250 (596,862) - - (598.8622) 250 250 (218,402) (44,470) (7,512) 38,958 37.824 7,512 7,512 $ (382,001) $ 700.031 $ 1,062,112 $ (373,020) $ (553,598) $ (180.578) $ (44,470) $ $ 44,470 $2,836,203 $ 2,838,203 $ - $ 1,500,484 $ 1,500,484 $ (5,760) (5,780) - (243,556) (243.5561 2,830,203 2.830,443 (5,780) 1,500,464 1,256,908 (243,556) (382,081) 700.031 1,062,112 (373,020) (553,598) (180.578) (41,470 _ $Z474,122 $3,530,474 $ 1,056,352 $ 1.127,444 $ 703,310 $ (424.1341 $ (44,470) $ 89 44,470 $ 44,470 Schedule 5 Page 3 of 7 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ MN OM EN I N-- MN I MN MO 1- I M I- MN N CITY OF RANCHO CUCAMONGA 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 30,1992 DRAINAGE FACILRIES FEDERAL AID URBAN COMMUNfTY DEVELOPMENT BLOCK GRANT Wane- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable Revenues: Taxes $ $ $ $ $ $ $ - $ - $ Fines and forfeits - Use of money and property 1,183 1,183 - - - Intergovemmental - - 48.500 335.408 288,908 386,000 485,299 99,299 Charges for services - - - - - - - Development fees 123,000 160,090 37,090 - - Other - - 13,260 13,260 Total Revenues 123,000 _ 161,273 38,273 48,500 _ 335,408 288,908 386,000 498,559 112,559 Expenditures: Current: General government - - - - - Engineering and public works 269.580 270,428 (1,848) 56,470 80,002 (23,532) - Community development - - - 123,830 123,830 Community services - - Public safety - fire protection - - - - - - Capital outlay 868,570 488,314 200,256 273,540 361,937 (88,397) 318,420 506,189 (187,769) Debt service: Principal Interest and fiscal charges Total Expenditures 937,150 738,742 198,408 330,010 441,939 (111,929) 442,250 506,189 (83,939) Excess of Revenues over (under) Fxpendfiures (814,150) (577,469) 236.681 (283,510) (106,531) 178,979 (56,250) (7,630) 48,620 Other Financing Sources (Uses): Operating transfer in 54,802 54,602 - - Operating trensfen out - - - - Bond proceeds - Total Other Financing Sources (Uses) 54,602 54,802 - Excess 01 Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basle) (914,150) (577,489) 239,681 (283,510) (51,929) 231,581 (56,250) (7,630) 48,620 Adjustments: To adjust for encumbrances 34,072 34,022 51,929 51,928 7,630 7,630 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Basis) $ (814,150) $ (543,447) $ 270,703 $ (283,510) $ $ 283,510 $ (56,250) $ • $ 56250 Fund Balances: Beginning of Fiscal Year - as previously reported $ 552,547 $ 552,547 $ - $ 315,651 $ 315,651 $ $ - $ $ Restatements - (19,537) (19,837)- - Beginning of Fiscal Year - as restated 552,547 532,710 (19,837) 315,651 315,651 - - Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (0MP Basis) (814,150) (543,447) 270,703 (263,510) 283,510 (56,250) 50,250 End of Fiscal Year $ (281,603) $ (10,737) $ 250,866 $ 32,141 $ 315,651 $ 283,510 $ (56,250) $ $ 56,250 70 Schedule 6 Page 4 of 7 CITY OF RANCHO CUCAMONGA 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, 1992 ASSESSMENT ADMINISTRATIONSB 140 SOBRIETY CHECKPOINT GRANT Variance- Varlance- Venence- abi Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) ), Taxes $ $ - $ $ - $$ - $ $ - $ Fines and forfeits - -- Use of money and property 5,585 5,585 - 2,752 2,752 intergovernmental - - 915,700 42,721 (872,979) - 10,968 10,968 Charges for services- _ Develo{trrrent fees 1.151,891 1,151,891 Other - - - Total Revenues 1,157,476 1,157,476 915,700 45,473 (870,227) 10,968 10,988 Expenditures: Current: General govemment 299,490 1,071,476 (771,988) - Engineering and public works - -2890 7, Community development - - .437 (474 >) Community services Public safety - fire protection - Capital Y 278,550 279,280 (710) 11,000 10,968 32 Debt service: Principal Interest and fiscal chargee Total Expenditures 288,490 1,071,476 (771,986) 281,240. 286,697 (5,457) 11.000 10,968 32 Excess of Revenues over (under) Expenditures (299,490) 86,000 385,490 834,460 (241,224) (875,684) (11,000) 11,000 Other Financing Sources (Uses): Operating transfers In 323,930 (323,930) 154,621 750.621 Operating transfers out _ - proceeds Total Other Financing Sources (Uses) 323,930 (323,930) Excess of Revenues end Other Sources over (under) Expenditures and Other Uses (Budgetary Bash) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Beals) E 24,440 a 92,097 E 87,657 E 634.460 a 598,949 $ (35,511) $ (11,000) $ - $ 11,000 Fund Balances: Beginning of Fiscal Year • as previously reported $ (37,858) S (37,858) $ $ (320,063) $ (320,063) $ $ - $ - $ Restetemenu (392) (392) - . Beginning of Fiscal Year - es restated (37,858) (38,250) (392) (320,063) (320,063) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) 24,440 92,097 67,857 634.480 598,949 (35,511) (11,000) 11,000 End of Fiscal Year $ (13,418) $ 53,847 $ 67,285 $ 314,397 $ 278.866 $ (35,511) $ (11,000) $ - $ 11,000 754,821 754,621 24,440 88,000 61,560 634,480 513,397 (121,063) (11,000) 11,000 8.097 6,097 85,552 85,552 71 Schedule 6 Page 5 of 7 M N - - - - - - - MI - - - - - I Revenues: Taxes $ $ • $ - $ • $ - $ $ $ - $ - Fines and forfeits - - - - - Useof money and propery 1,186 1,186 - 1,959 1,959 - 42,471 42,471 Intergovernmental 48,147 48,147 •- - 4,788,000 782,085 (4,003,915) Charges for services - - - - Development fees - - Other - - Total Revenues 49.333 49,333 1,959 1,959 4,786,000 824,558 (3,961,444) Expenditures: Current: General government 16,110 18,110 - - - Englneedngandpublicworlo - 88,590 88,590 301,159 144,085 157,074 Community development - - - - - Community services - - - Public safety - fire protection - - - Capital outlay 1,663,710 716,005 947,705 842,535 492,794 149,741 Debt service: Principal Interest and fiscal charges Total Expenditures 16,110 16.110 1.752,300 718,005 1,036,295 943,694 838,879 306,815 CITY OF RANCHO CUCAMONGA 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, 1992 AIR QUALITY IMPROVEMENT 800 MHZ RADIO MEASURE I Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable)Budget Actual (Unfavorable) Budget Actual (Unfavorable) Excess of Revenues over (under) Expenditures (18,110) 33,223 49.333 (1,752,300) (714,046) 1,038,254 3,842,306 187,877 (3,654,629) Other Financing Sources (Uses): Operating transfers In 183,860 183,880 - Operating transfers out - •- Bond proceeds 1,752,300 530,625 (1,221,675) Total Other Financing Sources (Uses) _ 1,752,300 714,485 (1,037,815) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (16,110) 33,223 49,333 439 439 3,842,306 187,677 (3,654,629) Adjustments: To adjust for encumbrances - 52,213 52,213 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) $ (16,110) $ 33,223 $ 49,333 $ - $ 439 $ 439 $ 3,842,306 $ 239,890 $ (3,602,416) Fund Balances: Beginning of Fiscal Year - es previously reported $ $ - $ • $ - $ • $ $ 808,841 $ 808,841 $ - Restatements - - - 43,557 43,557 Beginning of focal Vear - as restated 608,841 652,398 43,557 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) (16,110) 33,223 49,333 439 439 3,842,306 239,890 (3,602,416) End of Fiscal Year $ (16,110) $ 33,223 $ 49,333 $ • $ 439 $ 439 $ 4,451,147 $ 892,288 $ (3,558,859) 72 Schedule 6 Page 6 of 7 Revenues: Taxes Fines end forfeits Use of money and properly intergovernmental Chargee For services Development lees Other Total Revenues Expenditures: Carat General government Engineering and public works Community development Community 'entices Public safety -Bre protecdon Capital outlay Debi eeMoe: Principal Interest and easel charges Total Exgendleaee Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Opereling transfers out Bond proceeds Total Other Financing Sources (Uses) Excess of Revenues end Other Sources over (under) Expenditures and Other Uses (Budgetary Beals) A*6101ena: To adjust for encumbrances Excess of Revenues and Other Sources (under)over ( aurae and Other Uses Fund Balances: GMP Beginning ce Fiscal Year - as previously t Restatements Beginning of Raced Year - as restated Excess of Revenues and Other Sources over (undue) Expenditures and Other Uses (OAAP Bess) End of Fisted Year CITY OF RANCHO CUCAMONGA 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 30,1892 FIRE DISTRICT Budget Actual $ 5,843,615 196,000 1,510,845 199.755 $ 6,148,445 13,480 314,525 1,718,549 150,581 Variance - Favorable (Unfavorable) $ 304,630 13,480 116,525 207,704 (49,174) 92,950 65,256 (27,694) 7,845,165 8,410,816 565,851 7,934,782 7,462,224 444,218 207,648 111,094 100,000 8,479,000 7,780,986 472,558 238,570 (11,094) Budget $ 9,739,502 430,096 10,722.185 565,355 3,056,720 92,950 24,908,808 927,802 2,083,514 3,926,991 1,152,483 7,934,782 5,959,191 100,000 898,034 22,064,843 (633,935)829,650 1263,685 (633,835 $ (633,635) $ 629,550 1 1,253,685 $ 2.758,837 $ 2,756,837 $ 2,758,837 2,758,537 (633,835) 629,850 1,263.665 $ 2,125,002 S 3,388,687 $ 1,263,685 73 2,821565 323,930 (1,702,541) 1,752,300 TOTALS -Year Ended June 30, 1992 1991 variance - Favorable Actual (Unfavorable) Actual 1 10,213,752 13,460 773,026 5,523,506 853,287 2,828,104 103,195 20,308,330 1,663,339 1,782,548 3,076,125 1,124,204 7,482,224 4,160,125 42,302 110,805 19,427,530 680,600 2,250,855 (2,255,594) 530,825 $ 474,250 13,460 342.930 (5,198,679) (12,068) (228,616) 10,245 (4,596,478) (735,537) 301,088 850,888 28,199 472,558 1,799,088 (42302) 16) 2,657,313 (1.941,165) 1,926,925 (553,053) (1,221.675) $ 9,474,617 956,360 3,944,679 731,665 3,303,543 273,119 18,884,003 1,624,602 1,604,984 1,670,188 1,794,395 7,002,548 12,698,658 105,473 111,103 26,809,949 (7,925,946) 22.271 (1,613,586) 373,689 525,888 152,197 (1,591,315) 3,195,651 1,406,886 (1,788,966) (9,517,281) 364,021 384 021 2,570,324 $ 3,195,654 $ 1,770,707 $ (1.424,947) $ (8,946,937) 1 12,922,660 $ 12,922,686 $ - $ 18,528,452 (179,438) (179,436) 1,341,151 12.922,886 12,743230 (179,438) 19,869,803 3 195,654 1,770,707 (1,4241047) (6,946,937) $ 18,118,320 $ 14,513,937 $ (1,604.353) 1 12,922,868 Schedule 6 Page 7 017 D E B T S E R V 1 C E F U N D This page intentionally left blank. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 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. ASSETS Cash and Investments Cash and Investments with fiscal agent Receivables (net of allowance for uncollectibles): Taxes Other Due from other funds Total Assets LIABILITIES AND FUND BALANCES Uablllttes: Accounts payable Due to other funds Due to other governments Total Liabilities Fund Balances: Unreserved: Designated for debt service Undesignated Total Fund Balances Total Liabilities and Fund Balances CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS JUNE 30, 1992 Central Public Park Improvement Acquisition Corporation $ $ 645,412 288,488 $ 845,412 $ 288,488 845,412 288,488 645,412 288.488 $ 845,412 $ 288,488 74 Redevelopment Agency $ 15,886,145 6,792,545 232,145 26,030 97.859 TOTALS June 30, 1992 1991 $ 15,886,145 $ 3,300,403 7,726,445 20,277,719 232,145 439,883 26,030 97,859 588,994 $ 23014,724 $ 23,948,624 $ 24,606,999 $ 52,920 $ 52,920 $ 15,150 15,150 15,150 1.573,498 1,573,498 835.720 1.641,568 1,641,568 850,870 21,373,156 22,307,056 23,756,129 21,373,156 22,307,056 23,756,129 $ 23,014,724 $ 23,948,624 $ 24,606,999 Schedule 7 N M 11.111 M M = E M I I = NM IS N M M ME N M N NM I---- I OM= I M NM Revenues: Taxes Use of money and property Total Revenues Expenditures: Current: General government Debt Service: Principal Interest and fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Operating transfers out Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses Fund Salances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Year- as restated Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses End of Fiscal Year (Schedule 7) CITY OF RANCHO CUCAMONGA Schedule 8 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Central Public Park Improvement Acquisition Corporation Redevelopment Anencv TOTALS Year ended June 302 1992 1991 $ $ $ 17,535,979 $ 17,535,979 $ 17,563,734 32,697 14,997 1,171,433 1,219,127 2,611,668 32,697 141997 18,707,412 18,755,106 20,175,402 1,025,000 240,000 267,484 163,329 1,292.484 403.329 (1,259,787) (388,332) 1,256,458 387,873 1.256.458 387,873 $ (3,329) $ (459) $ 648,741 $ 288,947 648,741 288,947 (3,329) (459) $ 645,412 $ 288,488 75 89,781 89,781 2,163,339 10,227,388 11,492,388 7,543,842 7,456,778 7,887,591 7,785,471 17.773.947 19.469.760 17.492,652 933,465 (714,654) 2,682,750 18,741,014 20,385,345 1,612,074 (21,119,764) (21,119,764) (20,551,323) (2,378,750) (734,419) (18,939,249) $ (1445,285) $ (1,449,073) $ (16,256,499 $ 22,818,441 $ 23,756,129 $ 40,864,376 (851,748) 22,818,441 22,818,441 40,012,628 (1.445,265) (1.449.073) (16,256,499) $ 21,373,156 $ 22,307,056 $ 23,756,129 1 Revenues: Taxes Use of money and property Total Revenues Expenditures: Current General government CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 CENTRAL PARK ACQUISITION PUBLIC IMPROVEMENT CORPORATION Variance, Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ S $ 32,897 32,697 32,897 32,697 Schedule 9 Page 1 of 4 REDEVELOPMENT AGENCY Variance - Favorable Budget Actual (Unfavorable) $ - $ - $ $ 15,481,704 $ 17,535,979 $ 2,074,275 • 14,997 14,997 162,887 1,171,433 1,008,546 14,99714,997 15,824,591 18707,412 3082,821 70,484 89,781 (19,297) Debt service: Principal 1,025,000 1,025,000 240,000 240,000 - 8,982,253 10,227,388 (1,245,135) Interest and fleeal charges 265,853 a (1,631) 182,580 163,329 (749) 7,456,778 7,456,778 Total Expenditures 1,290,853 1,292,484 (1,831) 402,580 403,329 (749) 16,509,515 17,773,947 (1,264,432) Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Operating transfers out Total Other Financing Sources (Uses) (1,290,853) (1,259,787) 31,068 1,287,900 1,256,458 1,287,900 1258,458 (31,442) (402,580) (388232) 14,248 (884,924) 933,465 1,818,389 402,240 387,873 (14,387) 10,489,863 18,741,014 8,251,151 (7,771,778) (21,119,764) (13,347,986) 402,240 387,673 04,367) 2,718,085 (2,378,750) _15,096,835) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses S (2,953) $ (3,329) $ (376) $ (340) $ (459) $ (119) $ 1,833,161 $ (1,445,265) $ (3,278,446) I MI MN M a = a a I = I NM M IIIINa s I OM E la= M-- N= I-_--- M NM N NM M CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1992 Schedule 9 Page 2 of 4 CENTRAL PARKACOUISRION PUBUC IMPROVEMENT CORPORATION REDEVELOPMENT AGENCY Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Fund Balances: Beginning of Fiscal Year- es previously reported $ 648,741 $ 848,741 $ $ 288,947 $ 288,947 $ - $ 22,818,441 $ 22,818,441 $ Restatements - - - - Beginning of Fiscal Year- as restated 648,741 848,741 288,947 288,947 22,818,441 22,818,441 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses (2,953) (3,329) (376) (340) (459) (119) 1,833,161 (1,445,285) (3,278,446) End of Fiscal Year $ 645,788 $ 645,412 $ (376) $ 288,607 $ 288,488 $ (119) $ 24,651,602 $ 21,373,156 $ (3,278,446) 77 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 TOTALS- Year Ended June 30, 1992 1991 Variance - Favorable Budget Actual (Unfavorable) Actual Revenues: Taxes $ 15,461,704 $ 17,535,979 $ 2,074,275 $ 17,563,734 Use of money and property 162,887 1219,127 1.056,240 2,811,668 Total Revenues 15.624.591 18.755.106 3,130,515 20,175,402 Expenditures: Current: General government 70,484 89,781 19,297 2,163,339 Debt service: Principal 10,247,253 11,492,388 1,245,135 7,543,842 Interest and Oscal charges 7,885,211 7,887,591 2,380 7,785471 Total Expenditures 18,202,948 19,469,760 1266,812 17,492,652 Excess of Revenues over (under) Expenditures (2.578.357) (714.654) 1,863,703 2,682,750 Other Financing Sources (Uses): Operating transfers In 12,180,003 20,385,345 8,205,342 1,612,074 Operating transfers out (7.771,778) (21.119,764) (13,347,986) (20,551,323) Total Other Financing Schedule 9 Page 3 of 4 Sources (Uses) 4,408.225 (734,419) (5,142,644) (18,939,249) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ 1,829,868 $ (1,449,073) $ (3,278,941) $ (16,256,499) 78 MEI M ME = I M M MI I M IIM M M MIIII M N Eli 11111 N E Val --_-- EN 1 1— a I NM In N CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Budget TOTALS- Year Ended June 30, 1992 1991 Variance - Favorable Actual (Unfavorable) Actual Fund Balances: Beginning of Fiscal Year- as previously reported $ 23,756,129 $ 23,756,129 $ - $ 40,864,376 Restatements - (851.748) Beginning of Fiscal Year- as restated 23,756,129 23,756,129 40,012,628 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses 1,829,868 (1,449,073) (3,278,941) (18256,499) End of Fiscal Year $ 25,585,997 $ 22,307,056 $ (3,278,941) $ 23,756,129 79 Schedule 9 Page 4of4 This page intentionally left blank. 71 A P 1 T A L P R 0 J E C T S F U N LS This page intentionally left blank. 1 CAPITAL PROJECTS FUNDS 1 Assessment District 82 -IR Fund Established to account for the receipt and disbursement of funds used in the construction of streets, storm drainage and utility improvements within the project area. Financing was provided by the ' sale of bonds under the Refunding Act of 1984 for 1915 Improvement Act Bonds. ' Assessment District 84-1 Fund Established to account for the receipt and disbursement of funds used ' in the construction and installation of public capital drainage facilities, together with appurtenant work and incidental expenses, to serve and provide drainage protection to property located within Community Facilities District No. 84-1 ( Day Creek Drainage System). Financing was provided by the sale of bonds under the Mello -Roos Community Facilities Act of 1982. ' Assessment District 84-2 Fund Established to account for the receipt and disbursement of funds used ' in the construction of certain public works of improvement, together with appurtenances and appurtenant work, including acquisition where appropriate, in Special Assessment District No. 84-2 (Alta Loma ' Channel Improvement). Financing was provided by sale of bonds under the Improvement Bond Act of 1915. ' Assessment District 86-2 Fund Established to account for the receipt and disbursement of funds used in construction and acquisition of drainage improvements together with appurtenances and appurtenant work, acquisition of real property, if necessary, and incidental expenses within the Assessment District No. 86-2. Financing was provided by the sale of limited obligation bonds under the Improvement Bond Act of 1915. ' Assessment District 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. OM MI N= BE I NS M NM I ME MN N MN NM M NE NE I ASSETS Cash and Investments Cash and Investment with fiscal agent Investment - land held for resale Receivables (net of allowance for uncollectible): Taxes Accounts Interest Loan Due from other funds Deposits Advances to other funds Total Assets LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Accrued payroll payable Deposita Due to other funds Due to other governments Total Liabilities Fund Balances: Reserved for encumbrances Reserved for advances to other funds Reserved for land held for resale Unreserved: Designated for continuing projects Undesignated Total Fund Balances Total Liabilities and Fund Balances 82-1R CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS JUNE 30,1992 84-1 Assessment Districts 84-2 86-2 $424,864 $ 1,983,280 $ 84,679 5,912 100.000 • 85 -PD 89-1 Redevelopment Agency $329,102 $ 44,251 $ 133,198 $ 86,207,842 6,459,841 • 58,037 406,674 408,000 34,215 506,780 6,746,000 $424,864 $ 2,089,192 $ 84,679 $329,102 $ 44,251 $ 133,198 $ 100,827,389 $ - $ 687 - $ - $ - $ - $ 10 242 - - 3,864 - - 1,666,683 - 25,825 1,199 687 1,666,663 3,874 25,887 1,199 8,526 100,000 500 1,700 32,435 • • $ 1,407,669 1,443,924 191,937 3,043,530 16,503,416 6,746,000 6,459,841 68,074,602 415,651 322,529 80,305 301,535 10,617 133,198 424,177 422,529 60,805 303,235 43,052 133,198 97,783,859 $424,864 $ 2,089,192 $ 64,679 $329,102 $ 44,251 $ 133,198 $ 100,827,389 80 Schedule 10 TOTALS June 30, 1992 1991 $ 89,187,216 6,459,841 58,037 412,586 408,000 34,215 506,780 6,846,000 $ 103,912,675 $ 1,407,669 939 3,864 3,137,411 191,937 4,741,820 16,546,577 6,846,000 6,459,841 $ 85,350,742 6,557,148 2,277,577 109,971 812 452,944 1,497,928 25,000 6,846,000 $ 103,117,922 $ 1,146,948 550 44,364 3,812,009 493,708 5,497,579 7,308,014 6,846,000 2,277,577 68,074,602 81,188,752 1.243,835 99,170,855 97,620,343 $ 103,912,675 $ 103,117,922 Revenues: Taxes Use of money end property Other Total Revenues Expenditures: Current: General government Engineering and public works Community development Capital outlay Debt service: Principal Interest end fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Operating transfers out Bond proceeds Coote of issuance Loan proceeds Miscellaneous Total Other Financing Sources (Uees) Excess of Revenues and Other Sources over (under) Expendi- tures end Other uses Fund Balances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Year - as restated Breese of Revenues and Other Sources over (under) Expendi- tures end Other Uses End of Fiscal Year (Schedule 10) CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES 1N FUND BALANCES ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1992 82-1 R $ 8,017 26,751 $ Assessment Districts 84-1 84-2 88.2 85-P0 -s 79,265 4,103 20,303 9,699 34,768 79,265 4,103 87,654 (52,886) 79,285 6,295 17,941 286,500 8,295 17,941 286,500 (4,192) 2,362 878,801) • 89-1 $ Redevelopment Agency $ 4,947,924 5,980,763 487,460 11,416,147 3,482,624 3,454 327 414,961 98,387 21,146 17,957272 709,900 1,056,036 3,475,473 23,719,160 (3,475,473) (12,303,013) 3,757,072 (95,613) 20,066,804 (18,945,576) 12,703,549 31,505 - 3,661,459 13,856,282 Schedule 11 TOTALS Year ended June 30, 1992 1991 5 4,955,941 $ 4,390,932 6,120,884 7,151,122 487,480 46,273 11,584,285 11,588,327 3,482,624 3,924,067 98,387 18,324,029 3712,141 121,308 20,234,210 709,900 1,482,072 1,056,038 686,469 27,595,023 26,236,200 (18,030,738) (14,647,873) 20,066,604 20,551,323 (18,945,576) - 3,757,072 (95,613) - 12,703,549 7,236,423 31,505 - 17,517,741 27,787,746 $ (52,888) $ 79,265 $ (4,192) $ 2,362 $878,801) s 185,986 $ 1,553269 $ 1,487,003 $ 13,139,973 $ 478,132 $ 343,264 (1,06 477,063 (52,886) $ 65,156 5301,420 $ 320,384 $ (52,788) $ 96,230,590 5 97,688,158 $ 84,882,407 (159) (547) (531) f2,306) J336,122) 343,264 64,997 300,873 319,853 (52,788) 96,230,590 97,683,852 84,546,285 (4,192) 2,382 (276,801) 185,986 1,553,269 $ 424,177 $ 422,529 $ 60,805 5303,235 $ 43,052 $ 133,198 $ 97,783,859 81 1,487,003 13,139,873 5 99,170,855 $ 97,686,158 11111 Ell IIE Ell 11111 MI NEI INIE Ile NM ME NM 11111 IIIII IIE MI N M- I I- I I 1- I I S M M N I In Revenues: Taxes Use of money and property Other Total Revenues Expenditures: Current: General government Engineering and public works Community development Capital outlay Debt service: Principal Internet and fiscal chargee Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers In Operating transfers out Bond proceeds Cost of Issuance Loan proceeds Miscellaneous Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) Fund Balances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses End of Fiscal Year CITY OF RANCHO CUCAMONGA COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES BUDAELCALUROJGFUASIS) APIITPECTS NDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Schedule 12 Page 1 of 3 ASSESSMENT DISTRICT 82-1R ASSESSMENT DISTRICT 84-1 ASSESSMENT DISTRICT 84-2 Variance Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ - f 8,017 S 8,017 S - E - S - f - E - S - 30,000 26,751 (3,249) 120,000 79,265 (40,735) 4,000 4,103 103 30,000 34,788 4,788 43,301 28,543 14,758 57,673 87,637 (9,964) 100,974 96 180 4,794 (70,974) (11,412) 9,562 (70,974) (61,412) 9,562 8,528 8.526 S (70,974) 5(52.886) f 18,088 120,000 79,265 (40,735) 120,000 79,265 120,000 79.265 (40,735) (40,735) 4,000 14,850 500 15.350 (11,350) (11,350) 4,103 8,295 500 8.795 (4,692) (4,692) 500 103 6,555 6,555 6,658 6,658 500 S 120.000 S 79,265 S (40,735) S (11,350) $ (4,192) $ 7,158 E 478,132 5478,132 $ • $ 343,264 (1,089) (1,069) - 478,132 477,063 (1,069) S 343.264 $ 343,284 343,264 - S 65,156 $ 65,156 $ - (159) (159) 55,156 64,997 (159) (70,974) (52,888) 18,088 120,000 79,265 (40,735) (11,350) (4,192) 7,158 S 407 158 5424,177 S 17,019 S 463.284 $ 422,529 S (40,735) S 53,806 S 60,805 S 8,999 82 Revenues: Tams Use of money and properly Other Total Revenues Expenditures: Cummt: General government Engineering and pudic wore Community development Capital outiey Debt service: Principal Interest and fiscal charges Taal Expenditure Excess of Revenues over (under) Ereendtree Other Financing Sources (Uses): Operating transfers in Operating transfers out Bond proceeds Cost d Issuance Loan proceeds Miscellaneous Total Other Flnanoing Sources (Uses) Excess d Revenues and Other Sources over (under) Expenditures and Other uvea (Budgetary Bess) Adjustments: To adjust for encumbrances Excess d Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Bade) Fund Balances: Beginning oI Rscal Year - as prevloudy reported Restatements Beginning d Fiscal Year - as restated Excess of Revenues and Other Source mer (under) Expendi- tures and Other Uses End of Fiscal Year CITY OF RANCHO CUCAMONGA 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 30,1992 ASSESSMENT DISTRICT 86.2 variance - Favorable (Unfavorable) Budget Budget Actual f - f 20,000 20,303 20,000 24,509 1,700 28,300 ASSESSMENT DISTRICT 85 -PD variance - Favorable Actual jUnfavorable) f - $ 9,899 (4,301) $ 303 20,303 303 19,841 4,968 1,700 19,841 462 (4309( 4655 8.971 562 0,971 1,700 1.700 (6,309) $ 2.362 $ 8,671 301,420 $ 301,420 $ (547) (547) 301,420 300,873 (547) (8.309) 2362 8.671 f 24,000 24.000 9699 (14,301) 395,710 318,935 76,775 Schedule 12 Page 2 o13 ASSESSMENT DISTRICT 89-1 Variance - Favorable Budget Actual (Urtevoreble) f $ - f - 3,603,330 3,454,327 149,003 • 21,146 (21,146) 385.710 318035 76.775 0603.330 3,475,473 127 (371,710) (309235) 62474 (5503.330) (3,475,473) 127,557 (371,710) (308,236) 82.474 32,435 32,435 (371,710) $ (274801) $ 04,909 $ 320,384 $ 320,384 $ - (531) (531) 320,384 319,853 (531) 295.111 $ 303,235 $ 6124 f 83 (371,710) (278,801) 94.909 (51,328) $ 43,052 f 04,378 3,661,460 3257,072 (95,513) 3,881260 3,661,459 58,130 ,130 95,812 (95,813) (1) 185,908 127,856 $ 127,856 $ (52,788) $ (52,788) $ (52,788) (52,788) 54130 165,986 127,856 $ 5,342 f 133,198 $ 127,858 _I= _MIN MI SIMI MO OM MIN NIB INN MIN MIN a a _ N M= N__-- N OM I M__ NM N E M E CITY OF RANCHO CUCAMONGA 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 30,1992 Schedule 12 Page 3 of 3 TOTALS -Year Ended June 30, REDEVELOPMENT AGENCY 1 9 9 2 1 9 91 variance- variance - Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual (Unfavorable) Actual Taxes $ 4,021,259 $ 4,947,924 $ 926665 $ 4,021,259 $ 4,955,941 $ 934,682 $ 4,390,932 Use of money and property 334,269 5,980,763 5,848,494 532,269 4126884 5.588,615 7,151,122 Other - 487,460 487,480 - 487,460 487,480 46,273 Total Revenues 4355528 11,416,147 7,060619 4,553,528 11,584,285 7,010757 11688,327 Expenditures: Current: General government 2,793,522 3,741,952 (948,430) 2,793,522 3,741,952 (948,430) 3,712,141 Engineering and public works 1,647,919 1,068,405 579,514 5,334,009 4,579,211 754,798 121,308 Community development 2,330,422 98,367 2.232,055 2,330,422 98,367 2,232,055 Capital outlay 73,017,969 33,547,916 39,470,053 73,473,552 33,956,134 39,517,418 27,532,663 Debt service: Principal 1,573,185 709,900 883,285 1,573,185 709,900 883,285 2,168,541 Interest and fiscal charges 79,875 1,056,036 (976,161) 79,875 1.056,036 (976,161) Total Expendfures 81,442,892 40,222,576 41,220,316 85,584,565 44,141,600 41,442,965 33,534,653 Excess of Revenues over (under) Expenditures (77,087,364) (28,806,429) 48280,935 (81,031,037) (32,577,315) 48,453,722 (21,946,326) Other Financing Sources (Uses): Operating transfers In 63,830,449 20,066,804 (43,763,645) • 20,066,804 20,066,804 20,551,323 Operating transfers out (1,971.932) (18,945,576) (16,973,1144) (1,971,932) (18,945576) (16,973,644) Bond proceeds 3,661,480 3,757,072 95,612 Cost of issuance - - - - (95,613) (95,613) Loan proceeds 6,206,006 12,703,549 6,497,543 6,206,006 12.703.549 6,497,543 Miscellaneous 31,505 31,505 31,505 31,505 7,236,423 Total Other Financing Sources (Uses) 68,064,523 13,856,282 (54,208,241) 7,895,534 17,517,741 9,622,207 27,787,746 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (9,022,841) (14,950,147) (5,927,306) (73,135,503) (15,059,574) 58,075,929 5,841,420 Adjustments: To adjust for encumbrances 16,503,416 16,503,416 16,546,577 16,546,577 7,298,453 Exceea of Revenues end Other Sources over (under) Expenditures and Other Uses (GMP Basals) $ (9,022,841) $ 1,553,269 $ 10,576,110 $ (73,135,503) $ 1,487,003 $ 74,622,506 $ 13,139,873 Fund Balances: Beginning of Rebel Year - as previously reported $ 96.230,590 $ 94230,590 $ $ 97,686,158 $ 97,686,158 $ - $ 84,882,407 Restatements - - - (2,306) (2,306) (336,122) Beginning of Fiscal Year- as restated 96,230,590 96,230,590 97,686,158 97,683,852 (2,306) 84,546,285 Excess of Revenues and Other Sources over (under) Expendl- tures and OMerUses (9,022,841) 1,553,269 10,576,110 (73,135,503) 1,487,003 74,622,506 13,139,873 End of Fiscal Yew $ 87,207,749 $ 97,783,859 $ 10,576,110 $ 24,550,655 $ 99,170,855 $ 74,020,200 $ 97,686,158 84 This page intentionally left blank. r 7 I N T E R N A L S E R V I C E F U N This page intentionally left blank. = E- MO N M M I- M NM I= MN M ME= ME I CITY OF RANCHO CUCAMONGA Schedule 13 BALANCE SHEET INTERNAL SERVICE FUND JUNE 30, 1992 ASSETS TOTALS June 30, 1992 1991 Cash and Investments $ 2,236,642 $ 1,712,896 Accounts receivable - Interest receivable Deposits 15,000 15,000 Fixed assets - net book value 413,070 573,309 Total Assets $ 2,664,712 $ 2,301,205 LIABILITIES AND FUND EQUITY Liabilities: Accounts payable Accrued payroll payable Obligation under capital leases Total Liabilities $ $ 72,398 - 5,620 72,146 92,685 72,146 170,703 Fund Equity: Retained earnings: Unreserved _ 2,592,566 2,130,502 Total Fund Equity 2,592,566 2,130,502 Total Liabilities and Fund Equity $ 2,664,712 $2,301,205 85 This page intentionally left blank. F 1 D U C 1 A Y F U N D This page intentionally left blank. AGENCY FUNDS Special Deposits Fund Established to account for all deposits held by the City in its fiduciary capacity. Deferred Compensation Fund Established to account for employee -deferred earnings restricted to be paid at a later date to said employee upon termination or retirement from the City of Rancho Cucamonga. Assessment District 82 -IR Fund Established to account for assessments received under the Refunding Act of 1984 for 1915 Improvement Act Bonds. Assessments received are restricted for payment of principal, interest, and penalties thereon, upon presentation of proper coupons. Assessment District 84-1 Fund Established to account for assessments received under the Mello -Roos Community Facilities Act of 1982, Assessments received are restricted for payment of principal, interest, and penalties thereon, upon presentation of proper coupons. Assessment District 84-2 Fund Established to account for assessments received under the Improvement Bond Act of 1915. Assessments received are restricted for payment of principal, interest, and penalties thereon, upon presentation of proper coupons. Assessment District 86-2 Fund Established to account for assessments received under the Improvement Bond Act of 1915. Assessments received are restricted for payment of principal, interest, and penalties thereon, upon presentation of proper coupons. Assessment District 85 -PD Fund Established to account for assessments received under the Improvement Bond Act of 1915 and Landscape/Lighting Act of 1972. Assessments received are restricted for payment of principal, interest, and penalties thereon, upon presentation of proper coupons. Assessment District 88-2 Fund Established to account for monies deposited by the developers for future construction within the Assessment District 88-2. Assessment District 89-1 Fund Established to account for 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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 N MI NM NS MI I I MN al N I NM _ E E E - EN I ASSETS Cash and Investments Restricted cash Receivables (net of allowance for uncollectibles): Accounts Interest Taxes Due from other funds Total Assets LIABILITIES MW FUND BALANCES Accounts payable Accrued payroll payable Deposita Due to other funds Deferred compensation payable Bond Indenture reserve requirement Payable to trustee Total Liabilities CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 1992 Special Deferred Deposits Compensation 82-1R $ - $ 2,224,046 $ 2,216,663 8,817,890 1900 11,004 5,496 84-1 Assessment Districts 84-2 86-2 85•PD 68-2 89-1 Schedule 14 TOTALS June 30, 1992 1991 $ 2,008,527 $ 322,549 $ 542,245 $ 1,086,573 $ 774,644 $ 1,033,891 $ 10,209,158 $ 8,085,576 • 6,817,690 5,032,500 3,099 10,255 2,900 49,016 43,628 8,050 34,080 15,216 1,000 53,099 15,216 • 71,426 45,024 94,100 83,096 $ 6,829,694 $ 2,224,046 $ 2,222,179 $ 2,011,626 $ 332,804 $ 594,161 $ 1,184,281 $ 780,694 $ 1,049,107 $ 17,208,592 $ 14,099,295 $ $ 6,829,694 $ 6,829,694 2,224,046 - • $ 178,837 1,653,000 2,043,342 358,626 171,679 205,934 161,125 388,227 $ 30,227 7,431 550,107 576,518 $ 2,169 $ • • 90,452 688,053 478,067 571,040 $ 32,416 $ 7,431 6,829,894 5,885,599 90,452 2,224,046 1,760,428 3,237,624 2,759,557 4,786,929 3,693,711 $ 2,224,048 $ 2,222,179 $ 2,011,826 $ 332,804 $ 594,161 $ 1,164,281 $ 780,694 $ 1,049,107 $ 17,208,592 $ 14,099,295 86 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1992 Balance July 1.1991 SPECIAL DEPOSITS Additions Balance Deletions June 30, 1992 Assets: Restricted cash $ 5,832,500 $ 2,029,028 $ 1,043,838 $ 6,817,690 Accounts receivable 53,099 1,000 53,099 1,000 Due from other funds - 11,004 - 11,004 Total Assets $ 5,885,599 $ 2,041,032 $ 1,096937 $ 6,829,694 Uabllitles: Deposits $ 5,885,599 $ 2,041.032 $ 1,096,937 $ 6,829,694 DEFERRED COMPENSATION Assets: Cash and investments $ 1.760,428 $ 520,847 $ 57,229 $ 2,224,046 Liabilities: Deferred compensation payable $ 1.760,428 $ 520.847 $ 57,229 $ 2,224,046 ASSESSMENT DISTRICT 82-1R Assets: Cash and Investments $ 2,079,615 $ 884,098 $ 747,030 $ 2,218,683 Taxes receivable 18,237 5,496 18,237 5,496 Total Assets $ 2,097,852 $ 889,594 $ 765,267 $ 2,222,179 UabilltIes: Bond Indenture reserve requirement $ 178,837 $ - $ - $ 178,837 Payable to trustee 1.919,015 889,594 765,267 2,043,342 Total Liabilities $ 2,097,852 $ 889,594 $ 765,267 $ 2,222,179 ASSESSMENT DISTRICT 84-1 Assets: Cash and Investments $ 2,019,465 $ 2,132,318 $ 2,143,256 $ 2,008,527 Taxes receivable 1,548 3,099 1,548 3,099 Total Assets $ 2,021,013 $ 2.135,417 $ 2,144,804 $ 2,011,626 Liabilities: Bond Indenture reserve requirement $ 1,653,000 $ $ - $ 1,653,000 Payable to trustee 368,013 2,135,417 2,144,804 358,626 Total Liabilities $ 2,021,013 $ 2,135,417 $ 2,144,804 $ 2,011,626 87 Schedule 15 Page 1 of 3 = In M I E IIMI N N N N 1111111 I OM 1 = M I IS OM MI M__- I MO I a I MN a a NM N_ M CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 Balance Balance July 1, 1991 Additions Deletions June 30, 1092 ASSESSMENT DISTRICT 84-2 Assets: Cash and Investments $ 310,170 $ 198,672 $ 186,293 Taxes receivable 5,010 5,245 Total Assets $ 315,180 $ 203,917 $ 186,293 Uabulllet Bond Indenture reserve requirement $ 171,679 $ - Payable to trustee 143,501 203,917 Total Liabilities $ 315,180 $ 203,917 ASSESSMENT DISTRICT 86-2 322,549 10.255 332,804 $ 171,679 161,125 $ 332,804 Assets: Cash and Investments $ 613,029 $ 240,601 $ 211,385 $ 542,245 Taxes receivable 1,851 2,900 1,851 2,900 Duefrom other funds 49,016 - 49,016 Total Assets $ 563,896 $ 243,501 $ 213,236 $ 594,161 liabilities: Bond Indenture reserve requirement $ 205,934 $ $ - $ 205,934 Payable to trustee 357.982 243,501 213,236 388,227 Total Liabilities $ 563,896 $ 243,501 $ 213,236 $ 594,161 ASSESSMENT DISTRICT 85 -PD Assets: Cell end Investments $ 970,622 $ 1,831,667 $ 1,515,716 $ 1,066,573 Taxes receNeble 18,148 43,628 18,148 43,628 Due from other funds 34,E 34,080 Total Assets $ 1,022,850 $ 1,675,295 $ 1,633,864 $ 1,164,281 UabltMtss: Accounts payable $ - $ 30,227 $ - $ 30,227 Accrued payroll payable . 7,431 - 7,431 Bond Indenture reserve requirement 550,107 - - 550,107 Payable to trustee 472,743 1,637,637 1,533,864 576,516 Total Uebilitiee $ 1,022,850 $ 1,875,295 $ 1,533,864 $ 1,164281 88 Schedule 15 Pepe 2 of 3 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILRIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1992 ASSESSMENT DISTRICT 88-2 Assets: Cash and investments Taxes receivable Total Assets Liabilities: Accounts payable Due to other funds Payable to trustee Total Liabilities ASSESSMENT DISTRICT 89-1 Assets: Cash and Investments Interest receivable Total Assets Uablttdes: Bond indenture reserve requirement Payable to trustee Total Liabilities TOTALS - ALL AGENCY FUNDS Balance Balance July 1, 1991 Additions Deletions June 30, 1992 $ 432,247 $ 621,766 $ 279,369 $ 774,644 230 6,050 230 6,050 $ 432,477 $ 627,816 $ 279,599 $ 780,694 $ 1,484 $ 2,189 $ 1,484 $ 2,189 - 90,452 90,452 430,993 535,175 278,115 688,053 $ 432,477 $ 627,816 $ 279,599 $ 780,694 $ $ 1,033,891 $ $ 1,033,891 15,216 15,216 $ $ 1,049,107 $ $ 1,049,107 $ $ 478,067 $ $ 478,067 571,040 571.040 $ $ 1,049,107 $ $ 1,049,107 Assets: Cash and Investments $ 8,085,576 $ 7,263,860 $ 5,140,278 $ 10,209,158 Restricted cash 5,832,500 2,029,028 1,043,838 6,817,690 Accounts receivable 53,099 1000 53,099 1000 Interest receivable - 15,216 - 15,216 Taxes receivable 45,024 66,418 40,014 71,428 Due from other funds 83,096 11,004 - 94,100 Total Assets $ 14,915,878 $ 9,386,526 $ 6,277,229 $ 17,208,592 liabilities: Accounts payable $ 1,484 $ 32,416 $ 1,484 $ 32,416 Accrued payroll payable - 7,431 7,431 Deposits 5,885,599 2,141,032 1,096,937 6,829,694 Due to other funds - 90,452 - 90,452 Deferred compensation payable 1,760,428 520,847 57,229 2,224,046 Bond indenture reserve requirement 2,759,557 478,067 - 3,237,624 Payable to trustee 3,692,227 6,216,281 5,121,579 4,786,929 Total Liabilities $ 14,915,878 $ 9,388,526 $ 6277,229 $ 17,208,592 89 Schedule 15 Page 3 of 3 la a = MI MN E M 1 M IM M = MI MS in E N E R A L F 1 X E D A S S E LI.S....r This page intentionally left blank. Im NE um — — mm N En — E — — — — — mu — is CITY OF RANCHO CUCAMONGA STATEMENT OF GENERAL FIXED ASSETS JUNE 30, 1992 Schedule 16 TOTALS 1992 1991 General Fixed Assets: Land $ 42,093,493 $39,702,493 Building Improvements 36,580,786 21,933,564 Improvements other than buildings 55,711 5,962,337 Equipment and vehicles 9,627,411 8,098,219 Furniture and tbdures 3,035,664 2,844,341 Construction In progress 17,417,445 16,722,559 Total General Fbced Assets $ 108,810,510 $95,263,513 Investment In General Fixed Assets $ 108,810,510 $95,263,513 90 CITY OF RANCHO CUCAMONGA SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY JUNE 30, 1992 Improvements Equipment Furniture Buildings other then and and Function and Activity Land Improvements BuIldinps Vehicles Fixtures General Govemment: Cly manager Personnel City clerk Administrative services Planning Building and safety General city facilities Asseeemem administration Total Public Safety Engineering and Public Works 454402 Community Services 29,567,940 Community Redevelopment 12052,378 Fire Protection 15,512 • 1,003,261 680,716 9,789 1,003,261 690,505 828,503 7,807.393 28,605,543 848,642 55,711 Schedule 17 Total 21,091 S 619 S 21,710 9,182 2,214 11,396 80,659 9,098 89,757 259,507 6,935 266,442 183,294 6,487 189,781 150,834 4,266 155,100 728,380 37,383 2,449,740 418,504 710 429,003 1,851,451 87,712 3,612,929 274,445 8,265 280,710 2,446,177 7,960 3,537,042 191,234 283,514 38,850,081 2,503,105 2,670,213 43,886,950 2,360,999 3,225,353 Total General Fixed Assets Allocated to Functions 42,093,493 36,580,786 55,711 9,627,411 3,035,664 91,393,065 Construction In Progress 17,417,445 Total 91 $ 108,810,510 a a a a I = = I I= I I UM N MIN IMO NMI STATISTICAL SECTION I I I I I I 1 I I I I I I I I 1 I I I 1 MOIJ2 s 1VDI1SIIVIS This page intentionally left blank. I OM=------- NM I NM I M NM I MI NM 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 1982-83 1,718,618 2,631,001 - 9.033.156 2,041,787 - 273,338 71,622 15,769,522 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 1988-89[2] 8.531,326 6,117.980 7.769,525 3,717,641 1,228,413 4,763,673 14,566,918 30,394,512 77,089,988 1989-90 11,890,911 6,933,276 7,329.039 6,882,083 1,436,387 5,306,337 60,497,913 28,608,963 128,884,909 1990-91 15,881,940 7,311,306 8,523.472 4,607,309 2.808,115 7,002,548 17,863,697 30,825,105 94,823.492 1991-92 10.973,782 7,401.199 12,556,739 6,903,264 2,322,517 7,462,224 21,407,802 22,177,981 91,205.508 (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 have classified differently to show more details as presented In the financial statements. Source: Annual Audit Report 92 EXHIBIT 2 CITY OF RANCHO CUCAMONGA GENERAL GOVERNMENT REVENUE BY SOURCE (1) Last Ten Fiscal Years Fiscal Taxes & Licenses & Inter- Charges for Use of Money Fines & Development Year Assessments Permits govermental Services and Property Forfeitures Fees Other Total 1982-83(2] 4,210,654 655.278 3.156.781 2,278,338 2,113,655 132.327 848,000 228,408 13,623,441 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 (1) includes all governmental fund types -General. Special Revenue. Debt Service and Capital Projects Funds. (2) Beginning fiscal year 1982-83, the data presented represents all City activities for which the City Council has oversight responsibilities. (3) Classified as Charges for Services prior to fiscal year 1985-86. Source: Annual Audit Report 93 IMM N I MO N I IMM I INII MI N MN NM -- I NM M NM N I w - I- I MN MN MI M Fiscal Secured Year Property 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1,552,756,169 1,567.696,310 1,598,947,266 1.853.061,958 2,678,753,824 3,276,453,488 1988-89 3,842,089,811 1989-90 4,663,645,245 1990-91 5, 577.509,385 1991-92 6,179,613,149 Public Total Utility Secured 184,209,640 202,136,680 208,023,560 212.438,710 311,258,610 311.545,190 6.603.300 6,744,546 15,093,655 14,532,065 1,736,965,809 1.769,832,990 1.806,970.826 2,065,500,668 2.990.012,434 3.587,998.678 3,848,693.111 4,670,389,791 5,592,603,040 6,194,145,214 EXHIBIT 3 CITY OF RANCHO CUCAMONGA ASSESSED VALUATION OF ALL CITY PROPERTY Last Ten Fiscal Years Unsecured Property Total 101.767,808 114,035,078 112,420,166 103,129.894 151.427,130 175,043,138 212,624,063 251.517.317 303.321,685 340,718,049 1,838,733,617 1,883,868,068 1,919.390,992 2,168,630,562 3,141,439,564 3,763,041,816 4,061.317,174 4,921,907,108 5,895,924,725 6,534,863,263 Full Cash Property Homeowners Business Net Taxable Value Expemtions Exemption Invent Exmpt Value 1,838,733,617 1,883,868,068 1,919,390,992 2,168,630,562 3,141,439,564 376.041.816 4,061,317,174 4.921,907,108 5,895,924,725 6,534,863,263 6,635.231 9,861,572 9,586,512 11,199,039 83,043,407 83,443,173 85,013.309 88,979,788 (1) 95.133,356 (1) 102,509,009 (1) 113,470,203 (1) 119,705,841 (1) 125,618,428 (1) 129,211,480 Note: As of 1981-82. assessed valuation Is based on 100 percent of full market value, rather than 25 percent, as in prior years. (1) New report format for the County of San Bernardino precludes this category. Source: County of San Bernardino Auditor -Controller 94 1,749,054,979 1,790,563,323 1,824, 791,171 2,068,451,735 3,046,306,208 3,660,532,807 3,947,846,971 4,802,201,267 5,770,306,297 6,405,651,783 EXHIBIT 4 CITY OF RANCHO CUCAMONGA PROPERTY TAX LEVIES AND COLLECTIONS Fiscal Total Tar Total Tax Year Levy Collection Percent of Levy Collected 1982-83 894,853 830,813 93 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 Note: The County of San Bernardino does not provide sufficient information to determine what portion of total collections represent delinquent taxes and interest and penalties on those delinquencies. Source: Finance Department, County of San Bernardino - Auditor Controller 95 S IIIE E N ME OS M M r M M NM M MN MN I NM NM E MN NM SE N MI MN N-- M- I I EXHIBIT 5 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING PROPERTY TAX RATE Last Ten Fiscal Years Chino Basin City of Rancho Fiscal Schools County Cucamonga Metropolitan Municipal WD Cucamonga Total Year Tax Rate Tax Rate County W.D. Water Dist. Tax Rate Tax Rate Tax Rate 1982-83 0.0817 1.000 .0181 .0189 .0118 .0493 1.1798 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 Assessed valuation of property is stated at 100% of market value. In years prior to 1981-82 the tax rate was per $100 of assessed valuation: therefore. in this and subsequent years, the rate was reduced appropriately to adjust for this conversion. Source: County of San Bernardino Auditor -Controller 96 EXHIBIT 8 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. 1982-83 1983-84 - 1984-85 - 1985-86 (1] 2.796,594 2,770,682 99.07% 25,912 1986-87 3.393,052 3,393,052 100.0096 1987-88 3,575,299 3,451,700 96.54% 123.599 1988-89 3,304,823 3,216,001 97.31% 88.822 1989-90 3,619,774 3,599,088 99.43% 20,686 1990-91 3,565,936 3,520,912 98.74% 45,024 1991-92 4,341,957 4,270,529 98.35% 71,428 (1) Formation of Special Assessment Districts Source: Finance Division, Resource Center 97 1111111 l ME M N OM 111111 N MI MI ME M MI IIIN M M NM 0111 I M- E I M I MI OM NM OM I- I N M MO M_ I EXHIBIT 7 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING BONDED DEBT 1991-92 Assessed Valuation: 86.534.883.263 DIRECT AND OVERLAPPING BONDED DEBT: % Applicable Debt 6/30/92 San Bernardino Co. Building Authorities 7.853 % $46.499.309 San Bernardino Co. Free Library Authoority 10.711 44,986 Metropolitan Water District 0.552 3,767,593 Chino Basin Mun. Water Dist Certs. of Participation 19.006 4,875,039 Chino Basin Mun. Water Dist. Authority 19.006 497,957 Chaffey Jt Union H.S. Dist: Certs of Participation 38.608 3.623,361 Alta Lorna School District 98.716 4,693,946 Central School District 98.076 19,478,433 Cucamonga School District & C.O.P. 74.414 & 40.264 7.285,590 Cucamonga County Water District 89.276 727.599 Cucamonga County Water District. I.D. #1963-1 94.537 302.518 Cucamonga County Water District, I.D. #5 95.316 4,222,499 Rancho Cucamonga Redevelopment Agency 100.000 107,780,000 Etiwanda School Dist Certs. of Participation 84.074 937.425 Etiwanda School Dist. Community Facilities Dist. #1 100.000 7,175,000 Other School Dist. & Certs. of Participation Various 224,227 City of Rancho Cucamonga -Certs. of Participation 100.000 7,195,000 City of Rancho Cucamonga Cmnty. Fac. Dist #84-1 100.000 16.530.000 City of Rancho Cucamonga 1915 Act Bonds 100.000 11.024.714 TOTAL DiRECT & OVERLAPPLING BONDED DEBT $246.885.196 Source: California Municipal Statistics, Inc. 98 Direct Debt Total Gross Debt Total Net 0.18% 3.37% 3.37% SHARE OF AUTHORIZED AND UNSOLD BONDS: Metropolitan Water District Alta Loma School District Cucamonga School District $276,000 $6,016,740 $301,980 JJATE SCHOOL BUILDING AID JtEPAYABLE AS OF 6/30/92• $8.075,608 EXHIBIT 8 CITY OF RANCHO CUCAMONGA Legal Debt Margin (General Obligation Bonds) June 30, 1992 Assessed valuation Debt limit - 15% of assessed valuation 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 Source: Finance Department $6,534,863,263 $980,229.489 $0 Legal debt margin $980.229,489 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. 99 M = MI N N I MI E I N M NM M E M MI I I M MN I N M NM I E- - I I I= M M NM_ MN NE EXHIBIT 9 CITY OF RANCHO CUCAMONGA BUILDING PERMITS Number of Permits Issued 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 July 244 669 1,102 993 1,773 1,425 1,232 428 418 278 August 301 831 543 726 1,587 1,769 1,751 459 327 262 September 177 701 778 741 1,064 1,547 1,373 351 192 248 October 222 785 665 1,149 2,219 1,084 1,941 512 328 284 November 429 456 541 676 1,126 837 1,470 358 274 200 December 211 283 437 1,007 1,289 848 1,068 268 303 195 January 205 387 918 871 1,742 973 1,448 337 228 171 February 183 533 879 888 1,455 1,246 1,167 359 317 243 March 299 470 1.122 1,033 1,775 1,820 1,689 410 257 295 April 415 475 1,106 1,736 1.468 1,225 1,649 396 335 231 May 539 1,130 980 1,389 1,294 1,708 1,927 372 313 274 June 687 1,429 1,005 1.720 1,577 1,981 1,964 408 312 365 TOTAL 3,912 8,149 10,076 12,929 18,369 16,463 18,679 4,658 3,604 3.046 Source: Building and Safety Division 100 EXHIBIT 10 CITY OF RANCHO CUCAMONGA CONSTRUCTION ACTIVITY BUILDING PERMIT VALUATION 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 July 1.790,975 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 August 1,570,274 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 September 4,644,757 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 October 1.825,297 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 November 6,244,236 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 December 280,557 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 January 839,542 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 February 2,614,266 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 March 19,759,621 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 April 45,310,933 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 May 4,594,041 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 June 9.976,858 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 TOTAL 99,451,357 140,513,775 200,700.112 315,306,755 290,877,935 350,325,746 397,438,258 198,839,268 126,694,091 73,836,809 Source: Building and Safety Division 101 10111 I 1111 11111 E 1 H MB N N 11111 E MN NM 1M1 N 1111 11111 = M— 1 1__ MI all MN I M I IS N all E M I MI EXHIBIT 11 CITY OP' RANCHO CUCAMONGA DEMOGRAPHIC STATISTICS Average Annual San Bernardino City Population City Population County as Percent Year Population Percent Changes Population of County 1983 59.832 2.1% 985.880 6.1% 1984 61,658 3.1% 1,014,481 6.1% 1985 -64:499'65:y7y 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 104,887 111 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% Source: (1) U.S. Bureau of Census. California Department of Finance (2) City of Rancho Cucamonga, Planning Department 102 EXHIBIT 12 CITY OF RANCHO CUCAMONGA PRINCIPAL TAXPAYERS (1) June 30, 1992 TYPE OF BUSINE,S Department Stores Contractors Grocery Stores Liquor Heavy Industrial Light Industrial/Printers Fast Food Service Stations Specialty Stores Restaurants Beer and Wine Drug Stores (1) Based on sales tax revenues Source: State Board of Equalization Note: In a letter dated June 27, 1991. the State Board of Equalization asked that cities discontinue publishing lists of the top taxpayers in publications prepared for public distribution, as such a list may disclose information about competing retailers even though no dollar information is given. In an effort to comply with this request, the City of Rancho Cucamonga has amended this exhibit effective June 30, 1991, to reflect only the business classifications of its principal taxpayers. 103 NS NM NE NM M NM a NM I I NM MN MN IS 1 I 111111 MN = MIII E V OM N V---- 1 M N MI= M MI MI MI Coverage Auto Insurance Lease/Purchase Vehicles Only Auto Insurance Owned Vehicles Only Boller & Machinery Policy Creme Policy Employee Surety Equipment Insurance Liability Insurance Excess Liability Property Insurance Special Events Workers Compensation Excess Workers' Comp EXHIBIT 13 CITY OF RANCHO CUCAMONGA PURCHASED INSURANCE POLICIES AS OF OCTOBER 26, 1992 Maximum Coverage Company $100.000 Fireman's Fund S 93 MXA 80120983 $100,000 Self -Insured $20,000,000 The Continental Insurance Company $100,000 Kemper Insurance Co. Policy Number $800,000 Inland Marine P 93 MXI 80248532 $5,000,000 California Municipal Insurance Authority $5,000,000 Lexington Insurance Co. 8653713 Varies with value of Fireman' Fund contents for each location S 93 MXX 80541752 Source: Risk Management Division $2.000,000 CNA Insurance Company G111495925 California Municipal Insurance Authority 1-082 $10,000,000 Fireman's Fund XLS 165 77 33 104 Remarks One year policy - Expires 9/8/93 $32,188.00 annual premium Reserve set-up to pay claims Three year policy - Expires 10/31/93 $3,207.00 annual premium Three year policy - Expires 6/1/93 $2,156.00 annual premium One year policy - Expires 3/21/93 $12.022 annual premium Three year policy - Expires 7/1/93 $456.146 annual premium, Public Officials Insurance included, self-insurance retention of $100,000 on each liability claim One year policy - Expires 7/1/93 $46,569 annual premium One year policy - Expires 9/8/93 $14,822.00 annual premium One year policy - Expires 1/1/93 $1,000 annual premium One year policy - Expires 7/1/93 $109,155 annual premium One year policy - Expires 7/1/93 $5.007 annual premium EXHIBIT 14 CITY OF RANCHO CUCAMONGA MISCELLANEOUS STATISTICAL INFORMATION Date of Incorporation Nov. 22, 1977 Type of City General Law Form of Government Council Manager Area 37 Square Miles Population 105.466 Number of Street Lights 6,599 Miles of Streets 440 Number of Signals 76 Fire Protection: Rancho Cucamonga Fire District Number of Stations Number of Firefighters & Officers Police Protection: Contracted with San Bernardino Co. Number of Stations Number of Sworn Officers 5 64 1 74 Recreation and Culture: 19 with 189 acres Number of Parks Source: Community Development Department, Community Services Department 105 MN MN M MO M OM MI M OM M M I NM 11111