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1991/06/30 Comprehensive Annual Financial Report
tr. j. 'ty of Rancho Cucamonga, California OMPREHENSIVE NUAL FINANCIAL REPORT • Year Ended June 30, 1991 FINANCE PERMANENT RECORD CITY OF RANCHO CUCAMONGA, CALIFORNIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 1991 PREPARED BY FINANCE DEPARTMENT JIM HART ADMINISTRATIVE SERVICES DIRECTOR SUSAN M. NEELY FINANCE OFFICER This page intentionally left blank. 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 INTRODUCTORY SECTION Letter of Transmittal City Officials Organizational Chart xxviiii Geographic Location Diagram xxix Certificate of Achievement for Excellence in Financial Reporting xxx Certificate of Award for Outstanding Financial Reporting xxxi FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Exhibit A - Combined Balance Sheet - All Fund Types and Account Groups 3 Exhibit B - Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types 4 Exhibit C - Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Governmental Fund Types 6 Exhibit D - Statement of Revenues, Expenses and Changes in Retained Earnings - Proprietary Fund Type - Internal Service Fund 12 Exhibit E - Statement of Cash Flows - Proprietary Fund Type - Internal Service Fund 13 Page Number CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Number NOTES TO FINANCIAL STATEMENTS SUPPLEMENTARY SCHEDULES Schedule 1 - Balance Sheet - General Fund Schedule 2 - Statement of Revenues, Expenditures and Changes in Fund Balances - General Fund Schedule 3 - Schedule of Revenues. Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - General Fund Schedule 4 - Combining Balance Sheet - All Special Revenue Funds 14 51 52 53 58 Schedule 5 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Special Revenue Funds 61 Schedule 6 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Special Revenue Funds Schedule 7 - Combining Balance Sheet - All Debt Service Funds Schedule 8 - Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Debt Service Funds Schedule 9 - Combining State of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Debt Service Funds 64 70 71 72 Schedule 10 - Combining Balance Sheet - All Capital Projects Funds 76 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 SUPPLEMENTARY Schedule 11 Schedule 12 Schedule 13 Schedule 14 Schedule 15 Schedule 16 Schedule 17 Exhibit 1 - Exhibit 2 - Exhibit 3 - Exhibit 4 - Exhibit 5 - Exhibit 6 - Exhibit 7 - Exhibit 8 - 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 77 - Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Budgetary Basis) - All Capital Projects Funds 78 - Balance Sheet - Internal Service Fund - Combining Balance Sheet - All Agency Funds - Combining Statement of Changes in Assets and Liabilities - All Agency Funds - Statement of General Fixed Assets - 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 Property Tax Rate -All Overlapping Governments Special Assessment Collections Direct and Overlapping Bonded Debt Legal Debt Margin (General Obligation Bonds) 81 82 83 86 87 88 89 90 91 92 93 94 95 CITY OF RANCHO CUCAMONGA TABLE OF CONTENTS Page Numbers Exhibit 9 - Number of Permits Issued 96 Exhibit 10 - Construction Activity - Building Permit Valuation 97 Exhibit 11 - Demographic Statistics 98 Exhibit 12 - Principal Taxpayers 99 Exhibit 13 - Purchased Insurance Policies 100 Exhibit 14 - Miscellaneous Statistical Information 101 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 INTRODUCTORY SECTION 1 O G O n O xi cn tzO z z 0 Wei g 0 t 0 O 0 This page intentionally left blank. 1 T 1 QA NC KO C UC A MONG 1) 1 H E C 1 T Y 0 F 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 November 27, 1991 The Honorable Mayor and Members of the City Council City of Rancho Cucamonga Rancho Cucamonga, CA 91730 Councilmembers: Submitted for your information and consideration is the Annual Financial Report for the year ended June 30, 1991. 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, 1990. 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 three consecutive years (June 30, 1988, June 30, 1989 and June 30, 1990). 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 o (714) 989-1851 o FAX (714) 987-6499 BACKGROUND INFORMATION The City of Rancho Cucamonga currently has a population of 104,887 and encompasses approximately 37 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. 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, 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, 1991, 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 iv who audit the accounting records of the City. This system has been designed to provide reasonable, but not absolutely guaranteed, assurance that: 1. Assets have been protected from losses arising from unauthorized use or disposition. 2. Financial records can be relied upon for preparing adequate financial statements and for maintaining accountability for assets. 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 1990/91 REDEVELOPMENT AGENCY Marketing Program The Agency expanded its range of promotional literature to include a Design Awards brochure - used with prospective development firms, businesses, and as conference handouts. New citywide photography was completed for use in this piece. Colorful, coordinated informational inserts were also created (demographics, city map, development, and planned communities data) for use with the City of Vision booklet. And, new issues of the newsletter were produced. Editorial coverage, in addition to ads, was seen in Inc., California Business, Plants, Sites, and Parks, and Shopping Center Monitor. Ads also appeared in Inland Business, California Manufacturer, NACORE's Executive and NAIOP's Development association magazines. The City continued to exhibit on both the regional and national levels: The Inland Empire Showcase (which has replaced the IEW show), v NAIOP's Inland Empire Bus Tour, and the NAIOP Annual Conference, as well as ICSC's Annual Conference and Leasing Mall. A very popular "photo opportunity" for the conference attendees was included in the Agency's display at Chaffey High School, as part of a concert honoring the City. Central Park Library A library consultant was hired to create the Building Program component of the City's State Grant Application (as well as a long range Master Plan). November saw the submission of a pre - application, followed in February with the complete, packaged application for "round one" funding. In April we learned that our application had been deemed ineligible. The application was then re- worked, with the inclusion of new census information, and was submitted for "round two" funding in July. 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 improvements not only in the general vicinity of the Regional Center, but to coordinate the public improvements for the undeveloped eastern part of the City. It is anticipated that a special election will be held in February 1992, and upon successful election, bonds will be sold in July 1992. The Regional Center anticipates a 1993-94 opening date. The Agency's financial commitment to the project has been fulfilled; however, Agency staff will act as project coordinator and continue to be involved through the completion of the project. As required by the OPA, design work on the I-15/Foothill Boulevard interchange has begun. The 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 1991, with a projected 10 month completion date. Fire Stations Construction on Banyan Station No. 175 and Jersey Station No. 174 began in October 1990. Banyan Station No. 175 is a 12,000 square foot fire station that ultimately will house eight fire personnel. vi Jersey Station No. 174 is a 17,000 square foot facility that ultimately will house 12 fire personnel. This site will eventually include separate maintenance and training facilities, including a state -of -the art burn tower. Property for the remaining state, Day Creek Station No. 173, was also purchased. Affordable Housing Strategy The Agency approved an Affordable Housing Strategy which provides a framework for the development of specific programs for the construction and preservation of affordable housing. The Strategy identifies specific standards and policies for the development of affordable housing in the community including, design, location, type, tenure, financing methods and ownership. Approximately 20 acres of land were purchased under the Land Banking Policy, to be held for later development. 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 the fiscal year 1985/86, an $18 million bond issue was sold to construct a major flood control facility. As a 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 August 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 significant street improvement projects were either begun or completed during fiscal year 1990/91. The projects included: Milliken Avenue Grade Separation; Base Line Road Phases I and II, from Etiwanda Avenue to I-15; 19th Street from Archibald Avenue to Haven Avenue; Sierra Madre -Placid Court; median on Milliken Avenue vii from 4th Street to 6th Street; and completion of the east side of Milliken Avenue entry monument at 4th Street. The rubberizing of railroad crossings continued with the signing of the Construction and Maintenance Agreement and ordering of materials for pads at the A.T. & S.F. railroad track on Haven Avenue. These rubberized crossings greatly cushion the jolt which vehicles experience when traveling over railroad tracks. Storm drain construction at Base Line Road from Etiwanda Avenue to I- 15 was started during the fiscal year. Traffic signals were installed at the following intersections: Base Line Road at Rochester Avenue, Etiwanda Avenue and Victoria Lane, Foothill Boulevard at Rochester Avenue. Signal coordination was installed on Archibald and Haven Avenues between 4th Street and 19th Street and extended easterly on Base Line Road to Milliken Avenue. PLANNING Current Planning During the 1990/91 fiscal year, the Current Planning section processed a signification number of major development projects, permit entitlements, and special projects as summarized below. New Development Staff processed a total of 1,187 applications of all types, ranging from General Plan Amendments to Home Occupation Permits. This was a slight decrease of 37 applications (3 percent) from fiscal year 1989/90. Among these applications were 9 tentative tract maps, 51 Conditional Use Permits, and 27 Development/Design Reviews. This decrease in residential applications (i.e., tracts) was offset by the increase in commercial (i.e.,CUP) requests. Major development projects which were processed during fiscal year 1990/91 included the four-story Best Western Hotel, Terra Vista Town Center Phase III, Sycamore Village mixed-use center, Foothill Marketplace (Price Club/Walmart) shopping center, and Victoria Courtyard (Home Depot/K-Mart) shopping center. These are large, and complex, commercial developments which consumed a great deal of staff time. Plan Check/Inspections The strength of commercial construction in 1990/91 required a significant portion of staff resources. Major projects that were under construction included Terra Vista Town Center Phase III, Thomas viii Winery Plaza (Knowlwood's rehabilitation of historic winery), Central Park Plaza (Ralphs), Vineyards Marketplace (Albertsons), and the six - story Great Western Hotel. In addition, Fire Stations #4 and #5 were under construction. Staff also plan checked the Sports Complex and Animal Shelter. Snecial Protects A large number of special projects were addressed during the 1990/91 fiscal year. At the forefront were two City projects: the Central Park Library and the Sports Complex/Animal Shelter. Work also continued on the City's Etiwanda North Specific Plan. A considerable amount of staff time was devoted to completion of the Citywide cost allocation study. Staff participated in a series of meetings with the Chamber of Commerce to explain the City's various procedures and regulations. Numerous amendments to specific plans and community plans were addressed, including multi -family development standards, recycling facilities, compact parking spaces, and swap meets. In addition, the Foothill Boulevard "missing link" amendment was processed through the Planning Commission. A freeway disclosure policy was adopted by the planning Commission for new home buyers within 1000 feet of the Route 30 Corridor. The Trails Implementation Plan was completed and reviewed by the Planning Commission. The Plan also included the completion of consultant contracts for preparation of preliminary construction estimates and financial implementation. A grant application to obtain trail improvement funds under Proposition 116 was prepared in coordination with the Engineering Division. Current Planning section prepared a master joint -use agreement for recreational purposes and submitted same to the San Bernardino County Flood Control District for approval. Work also began on the Management Information Systems Steering Committee that is studying the City's future computer needs. Advance Planning During the fiscal year 1990/91, the Advance Planning section completed a variety of projects, including the General Plan Housing Element Revision, a Draft of the Etiwanda North Specific Plan and EIR, Multi -family Housing Study and workshops, Community Development Block Grant, Government Referrals, Special Projects, and Historic Preservation activities. General Plan Housing Element Revision A revision of the Housing Element was completed and adopted in March 1991, with subsequent certification by the Housing and ix Community Development Department of the State of California. This revision process is required under state law to take place a minimum of once every four years. Draft Etiwanda Specific (ENSP) Plan and Environmental Impact Report (EIR) The Draft ENSP and EIR for the pre -zoning of a portion of the City's Sphere of Influence was completed and forwarded to the Planning Commission at the end of the 90/91 fiscal year. Adoption of the Specific Plan is anticipated to occur in the spring of 1992. Multi -Family Housing Study and Workshops A series of City Council workshops were held and informational materials developed to explore the ratio of multi -family to single- family at city build out levels. The result of this activity was a City Council policy to initiate a program of general plan and development district amendments to lower allowable densities in order to pursue a goal of 65 percent single-family to 35 percent multi -family. Community Development Block Grant In addition to the completion of the annual CDBG application and the grantee performance report, Home Improvement Program (HIP) guidelines and procedures were developed and implemented. The development and implementation of the HIP resulted in the rehabilitation of 18 mobile homes and 1 single family residence. Government Referrals Staff provided technical review of the 1990 Census resulting in the City's joining a consortium of jurisdictions disputing the accuracy of the census data. Also, staff reviewed 14 projects submitted by neighboring cities and 11 projects by the County. Special Proiects Planning staff continued to provide liaison assistance to the Regional Commuter Rail Transportation Agency. This assistance resulted in providing information relative to five potential station sites along the Southern Pacific Railroad line. In addition, Planning staff provided monitoring and coordination assistance in the preparation of the County Air Quality Element. Also, staff prepared a City Draft Air Quality Element to be heard and adopted by the City prior to January 1992. Historic Preservation During the fiscal year, 3 sites were designated as landmarks, 1 site was designated a point of historic interest, and another 75 sites were x reviewed for historic significance. In addition, the draft of the City's Archive and Historic Resources Manual was prepared and the Oral History Program was initiated. Also, staff prepared an RFP for the Redevelopment Agency and participated in the selection of a Consultant to study the feasibility of adaptive reuse of the Alta Loma Citrus Heights Packing House. Code Enforcement During the 1990/91 fiscal year, the Code Enforcement section continued to provide a high level of service to the community. Nuisance Abatement procedures continued to be an important enforcement tool, resulting in more prompt resolution of cases. Property maintenance, vehicle parking and storage, and sign regulation continue to be the major areas of operation of Code Enforcement. Special emphasis was placed on reducing the number of vehicles pared "For Sale" on vacant property and commercial parking lots. Efforts to improve the County contract service for weed abatement were also successful. A major project throughout the year has been a review of the current recreational vehicle parking regulations by the Planning Commission and Public Safety Commission. This project resulted from direction by the City Council and has involved City staff and community members in public hearings and workshop sessions. Ultimately, recommendations will be made to the City Council as to whether the existing ordinance should be modified. The complexity of this project will carry it into the next fiscal year for completion. The development of hand-out materials and participation in community events, such as the Business and Community Expo, provide opportunities to disseminate information and inform the general public of their responsibilities. By providing a high level of personal service, and maintaining positive public contacts, Code Enforcement continues to obtain voluntary compliance in over 90 percent of the cases handled. Responding to requests for service, and the follow-up involved to ensure compliance, continues to encompass the majority of the Code Enforcement program. BUILDING AND SAFETY Fiscal year 1990/91 activity within the Building and Safety Division followed the general downward trend of the economy, but still reflected the usual swell of activity in mid -year, tapering off as fall approached. Taking advantage of reduced construction activity, the backlog of delinquent permits has been reduced to a minimum; inspection personnel have been transferred temporarily to special projects and internal training of staff has been intensified. xi The notification phase of the Unreinforced Masonry Building Mitigation program has been completed, as well as implementing the residential sprinkler ordinance. Additionally, a new electrical code ordinance is now in place and we have commenced our "total quality" program in Building and Safety, aided by the Community Development Director and Deputy City Manager. Groundwork has been laid for a review of Development processing by an outside consultant. Projections for 1991/92 favor a gradual upturn in building activity, with the Inland Empire anticipated to be one of the more active areas of the country. During the second half of the year we expect to complete the adoption process of new code editions for all remaining aspects of construction. COMMUNITY SERVICES The Community Services Department has devoted much energy during the 1990/91 fiscal year to the expansion of facilities and programs to meet the needs of a rapidly growing community. Parkland acquisition, design and construction has been a priority of the department for much of this time frame. It is anticipated that as additional funds become available that this task will continue to be a high priority for the department and the City as a whole for some time to come. During the 1990/91 budget period, sixteen parks totalling 183.05 acres of parkland were operational within the City. This figure includes fourteen neighborhood parks, two community parks, two community centers, as well as one special use facility. Further demonstrating the growing need for parkland and facilities, the department had 218.4 acres under design/construction during the reporting period. This includes a 100 acre city park, and a 41.6 acre sports complex in southeast Rancho Cucamonga. An additional 38.2 acres of land have been acquired for a community park designation in the northeast portion of the City. During the previous reporting period, the City of Rancho Cucamonga implemented an innovative program which has maximized resources by increasing facilities for each agency. Through a series of cooperative agreements, the City and school districts have been able to increase the quantity of public facilities available for use at a fraction of the cost required if each agency were acting alone. In an exchange for use of the school's playfields after school hours, the City offered to xii design and construct improvements such as field lighting, field rehabilitation and restroom facilities. During fiscal year 1990/91, the result of these agreements have provided eight playfields, four soccer fields, four basketball courts, new landscaping and drinking fountains. These new facilities are a much welcomed addition to available community resources and will relieve pressure on existing City parks by adding 15 acres of playfields and by providing another outlet for the growing number of sports programs in the City. In addition to the benefits in facilities, these agreements have saved the City and school district money. If the City were to develop new parkland to match the facilities being built through agreements, the work would total nearly $2,014,000. These facilities, however, have been brought into service through the joint agreements for $1,065,000. This saving can now be used for developing even more parkland. The 1990/91 fiscal year found the Community Services Department adding or reformulating programs/services. With no addition of staff from the previous fiscal year, the following major activities were accomplished: Youth Programs/Activities Playschool This very popular program for youngsters 2-5 was reorganized in the Fall of 1990. It now offers more than 25 sessions and is serving 400 preschool aged children. Many exciting things have been added to the program including an annual bookfair, school pictures, and special events Egg Hunt The Egg Hunt was expanded to three parks --Red Hill, Hermosa and Windrows. Over 12,000 residents participated. Summer Dav Camn, This seasonal program was expanded to two sites. Both camps were held at local elementary schools with the cooperation of the Alta Loma School District. Staff also offered an after summer school program at one school site 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 Claus New for 1990, 100 people were treated to a special morning with Santa Claus which included breakfast (provided by Rancho Grande Kiwanis), crafts, songs, pictures and gifts. Due to the success of this event, two breakfast seatings are scheduled for December 1991. New Years Eve Sleenover New for 1990, 40 children were entertained all night on New Years Eve with movies, games and songs. Snacks and a nutritious breakfast was also provided. The program will be expanded next year to accommodate 100 children. Mother's Dav Tea Also new for 1991, children and their Moms enjoyed a special celebration for moms. Including snacks, stories, and a special Mother's Day concert by artist Lois Young. Father's Dav Event Dad's weren't left out in 1991, as we celebrated great family hobbies. Family Programs/Activities With the assistance of Lewis Homes, staff provided two family socials in the Terra Vista community. Over 350 participated in these events. The "hit" of the summer was the addition of the Movies in the Park series which were shown at Red Hill and Coyote Canyon Parks. Over 3,000 people from June through August came to view the films. This program was also funded by Lewis Homes. Teens Programs/Activities Several new programs were started thanks to the formation of the Teen Recreation Activity Committee. Teen Snack Bar Teen operated snack bars were held at movies and concerts in the park in the summers of 1990 and 1991 and at various special events. The snack bars helped raise funds for teen activities. xiv Club 90 A dance club for junior high teens began with a bang in October 1990. Attendance averaged 130 youth per dance. Several door prizes were given at each dance with special quarterly prizes of limousine service and dinner provided by local merchants. This very popular dance club meets monthly during the school year. Teen Camn This exciting summer program began in 1990 and saw our teens go to some of the best places southern California has to offer: Disneyland, Universal Studios and the beach. Over the course of the summer, teens had the opportunity to participate in some 25 trips. Teen Camnouts Three days in San Diego and Catalina Island on separate trips allowed the teens to "get away from it all." The time also provided the teens with time to set goals for their programs. Seniors Programs/Activities Senior Advisory Committee The Senior' Advisory Committee was formalized to become an official City advisory committee providing input on senior issues/concerns. Senior Luncheon In conjunction with the International House of Pancakes, a holiday luncheon was held for 150 seniors. A hot meal. dessert, beverage, entertainment and door prizes were all donated. 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 Snecial Events Senior special events during the reporting period included: Luau, Good Old Days, Halloween Madness, Holiday Party, Valentine's Day Party, St. Patrick's Day Party, Easter Party, Fiesta, 4th of July celebration. Average attendance was 180. xv Silver Fox A senior newsletter was offered monthly for seniors of the community. Learning After Fifty Guest speakers each month presented topics such as water conservation, wills, home safety, earthquake preparedness, history of American music, and much more. This very popular program is run by volunteers. Human Services Programs/Activities Information and Referral Provided information and referrals to thousands of residents pertaining to a variety of questions including 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 a Community Resource Directory of local human services agencies. Senior Health Fair A health fair designed specifically for seniors was organized. Attendance was approximately 250. Bilingual Referral Service This very important community service was continued to assist with information dissemination to non-English speaking residents. Bilingual Advisory Committee The Bilingual Advisory Committee became an official City advisory committee. The intent of the committee is to provide the Park and Recreation Commission with input from the community for programs/services not currently accessible to the bilingual residents of Rancho Cucamonga. In May 1990, they sponsored the first Cinco de Mayo potluck and party with attendance of 130 local families. All items for this event were donated. Event was successful and self - supportive. Volunteer Recognition First annual recognition program for 225 Community Services Department volunteers who assisted the City with our programs and activities during the reporting period. xvi Christmas Basket Program Coordinated by the City and Cucamonga Christian Fellowship (Rancho Cucamonga Operation Share). Program expanded to service 500 families --nearly twice the number as previously aided. Sports Pee Wee Soccer This 5 week fall activity attracted 200 3-5 year olds to this program. Pee Wee Baseball This 5 week summer activity registered 200 3-5 year olds. This program, like Pee Wee Soccer, stressed instruction and fun. These two programs were non-competitive leagues. Swim Team During the summer we introduced our first youth swim team. Over 70 children ages 9-12 participated in this introductory program. Adult Soccer Leagues The City began an 18-29 year old division and a 30 and older division. These leagues registered 506 players (23 teams) per season or 1200 players per year. Interest is very high. Adult Tennis Leagues This program is growing rapidly from season to season. We are currently providing 8 leagues or 60 players per season. Adult Basketball The City offers 2 seasons at Etiwanda High School Gym. Currently, 18 teams (216 players) participate per season. Adult Volleyball Seventy-two players per season are playing adult volleyball on Saturdays. Adult Softball Although not a new program, it has expanded to 17 leagues (over 1,800 players). xvii Snorts Advisory Committee This committee which represents every non-profit youth and adult sports organization within our City, plus the addition of members -at - large, was formalized during the reporting period. The committee advises the Park and Recreation Commission and staff on any and all matters related to youth and adult sports. Other Highlights The City's quarterly newsletter, The Grapevine, is developed by the Community Services Department's Administrative Division. The Grapevine serves as a strong link in uniting the three founding communities of Alta Loma, Cucamonga and Etiwanda. In addition, the quarterly newsletter informs the City's rapidly growing population of new policies, developments, activities and recreation opportunities. The Administrative Division has also been actively involved in drug education/prevention programs for the youth of the community. Through a cooperative agreement with three elementary school district, the City implemented the DARE (Drug Abuse Resistance Education) program during fiscal year 1990/91. The DARE program is a jointly sponsored and financed venture between the schools and the City. Rancho Cucamonga Citizens Against Substance Abuse (R.C. CASA), a community -wide partnership of schools, businesses, law enforcement, probation, parents, students, concerned residents and City staff continued its efforts to prevent alcohol and drug use and abuse among the youth of the community. R.C. CASA also assisted the City of Rancho Cucamonga with its annual Red Ribbon Week activities. Through this anti-drug abuse campaign, over 28,000 red ribbons, buttons and drug abuse educational packets were distributed to residents of Rancho Cucamonga. In addition, over 8,000 pledges to "BE DRUG FREE" were presented to the Mayor during Red Ribbon Week. Numerous Just for Kids workshops were held during 1990/91. These programs focused on providing information to youngsters of the community on such topics as babysitting, latch key, back -to -school safety, bike safety, drug awareness, handling emergencies and earthquake preparedness. The community has made tremendous advancements in park development, recreation programming and community services in the fourteen years since incorporation. The City's commitment toward providing a park, recreation and community service system, second to none, has clearly been demonstrated during fiscal year 1990/91. With continued strong vision and leadership, we will continue to xviii demonstrate the City of Rancho Cucamonga as a leader in providing park, recreation and community services opportunities to the residents of Rancho Cucamonga. POLICE DEPARTMENT Gang suppression has been of primary concern during the past year. S.M.A.S.H. (San Bernardino Movement Against Street Hoodlums), G.R.E.A.T. (General Reporting Evaluation and Tracking) computer system, as well as a more dedicated CRIME ANALYSIS emphasis are but a few new and upgraded tools being used to identify gangs and their members. Another tool, the S.T.E.P. Act (Street Terrorism Enforcement Program), is a judicial program that documents and registers gang members for enhanced prosecution when arrested for a crime. The Detective Division along with the Crime Prevention Unit, have begun a Bank Program that entails meeting with bank representatives in the City every other week and discussing safety and security procedures. These contacts have greatly increased the effectiveness and safety of the bank employees, as well as the police in dealing with potential high risk calls With the assistance of the Public Safety Commission, the S.M.A.R.T. (Speed Monitoring Awareness Radar Tool) trailer was put into service. This unit is highly mobile and is placed in areas where excessive speed has developed into a problem. The unmanned unit displays a vehicles speed in large letters as it is approaching the trailer that is also posted with the legal speed limit. The ideal effect is that the person will, after seeing how fast they are traveling, reduce their speed to within the legal limit. As any engineer can attest, a scale drawing of an intersection is a timely matter. Members of the police department must do this many times during a year as the result of conducting traffic accident investigations. We recently obtained a 386/20 Compaq computer and added a state of the art drafting program (Visitex-Car II) capable of drawing and storing predrawn intersections- of Rancho Cucamonga. This enables the traffic officer to reproduce an intersection on the computer and add involved vehicles or other objects and print it out in much shorter time than the hand drawn version. Time in the office and overtime are greatly reduced using this tool. The added benefit is that it can also be used to depict crime scenes. The police department has also been testing a unit mounted video - cam system in one of our traffic units. It can video tape traffic stops, pursuits, road conditions, certain crime scenes and arrests. This technology may be very useful in the future for a myriad of applications beneficial to the prosecution of offenders and aesthetic concerns of the City. XIX 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 1990/91 95% of the idle cash was invested. It is the objective of staff to attain a greater percentage of invested funds, while maintaining the necessary reserves needed to fund City services. DEBT ADMINISTRATION The City of Rancho Cucamonga, as a general law city, is restricted from incurring general obligation bonded indebtedness which would exceed 3.75% of the total assessed valuation of all real and personal property. The City of Rancho Cucamonga does not have any general obligation debt; however, the City and its component units do have various bond and certificates of participation issues. Note 11 of the Notes to the Financial Statements of this report presents more detailed information about these issues. 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. RISK MANAGEMENT During fiscal year 1990/91, 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 xx 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. PROSPECTS FOR THE FUTURE In August 1990, when it became apparent that the economy was not just taking a momentary breather, but a much longer and more severe downturn, defensive measures were put into force and are expected to remain in force throughout the 1991/92 fiscal year. A hiring freeze was instituted, capital equipment acquisition was postponed, programs were shifted where possible, contract personnel were trimmed, and contract services were taken inhouse. A volunteer services program was instituted and it is estimated that the services performed by these volunteers will save the City approximately $300,000 during the upcoming 1991/92 fiscal year. A cost allocation study was completed during 1990/91 and the new fee rates have been adopted effective with the beginning of fiscal year 1991/92. It is anticipated that this will enhance the City's revenues by an estimated $250,000. All assessment districts were evaluated to ensure each districts' ability to fully fund the services required within each district. The audit for fiscal year ended June 30, 1991, shows that Rancho Cucamonga ended the year without exceeding the deficit projections made over six months earlier. Under the present economic circumstances, being no worse than we thought we were going to be, is terrific news. The audit results do not mean that the recession is over or that revenues have recovered. In fact, revenues remain low and flat, and the defensive measures adopted previously are expected to remain in force throughout 1991/92. The fact that the steps taken in 1990 did work, gives us renewed confidence that we will be "on target" in the upcoming 1991/92 fiscal year as long as we remain faithful to our efforts in maintaining a frugal budget program. xxi 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. The total fund equity (aggregate fund balances) in these funds of $144 million reflects a decrease of $9.7 million over the previous fiscal year. Total financing sources available to the funds during the year amounted to $108 million. Of this amount, $75.4 million was from governmental fund type resources, $9.7 million from loan proceeds, and $22.9 million from operating interfund transfers. The significant decrease in bond proceeds reflects the Rancho Cucamonga Redevelopment Agency's prior year's issuance of $107.8 million in Tax Allocation Bonds. The Intergovernmental decrease of $2.4 million reflects revenue changes in several areas including the Fire District's prior year intergovernmental funds ($2 million) which are now receipted directly due to the Rancho Cucamonga Fire Protection District becoming a subsidiary of the City, and a $407,135 park grant received in the prior year. A decrease in certain revenue sources is symptomatic of the development slump currently being experienced by cities still in the growing stage. A reduction in the following revenues is the result of less development type fees being generated due to this slump: Development Fee revenues decreased from the prior year by approximately $1.8 million for a reduction of 32.8%. This category encompasses those funds normally collected from developers to offset the cost of such items as drainage facilities. development of parks, and beautification projects impacted by new development. Current year revenue from licenses and permits dropped from the previous year by 18.4% for an approximate decline of $368,000. The majority of this decrease ($293,867) is reflected in the reduction of revenue from building permits. The $8.9 million increase in tax revenue is largely due to increased property tax revenues for the Redevelopment Agency (up by $3.6 million) and a full year of tax revenues for the Fire District (a $3.2 million increase over the prior year). Additionally. the City's continued successful efforts to attract major sales producing interests resulted in a 14% ($739,000) increase of sales tax revenues. The 25.8% ($2.3 million) Use of Property and Money increase is primarily due to interest income from the Redevelopment Agency's current year investment of the prior year's bond proceeds. The following is a recap of the 1990/91 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 Financing Sources Taxes Licenses & Permits Fine & Forfeiture Use of Property & Money Intergovernmental Charges for Services Development Fees Other Total Operating Revenues Loan Proceeds Bond Proceeds Capital Lease Proceeds Operating Transfers In Total Finance Sources 1990/91 Revenue $42,126 1,628 251 11,237 8,294 2,198 3,304 ' 6.316 $75,354 9,692 - 0- - 0- 22.988 $108.034 Percent of Total 39.0% 1.5 .2 10.4 7.7 2.0 3.1 5.8 9.0 -0- -0- 21.3 100.0% Increase (Decrease) From 89/90 $ 8,992 (368) ( 57) 2,263 (2,403) (841) (1,815) 5.796 $11,567 3,469 (101,128) ( 249) ( 2.331) ($88.672) During the 1990/91 fiscal year, expenditures and interfund transfers amounted to $117.8 million which reflects a decrease of $36.3 million (23.6%) over the previous fiscal year. A substantial portion of the expenditure decrease is reflected in the reduction of Debt Service expenditures which is a direct result of the Rancho Cucamonga Redevelopment Agency's prior year defeasance of the 1986 and 1987 Tax Allocation Series A Bonds and advance refunding of Certificates of Participation. The Community Development expenditure decrease of $2.3 million represents the completion of several capital projects in the prior year. Expenditures for general operation purposes totaled $46.2 million, an increase of $6.4 million or approximately 16% over the prior fiscal year. The growth of expenditures associated with the City's general operation was due primarily by an increase in the Rancho Cucamonga Redevelopment Agency's activities resulting in a $2.2 million increase in general administration, and higher general overhead costs which caused general administrative expenses to raise by approximately $3.9 million. The $2.2 million Capital Outlay increase is a combination of expenditure decreases in the Special Revenue and General Funds due to the completion of prior year projects (down from the prior year by approximately $10 million) and a higher capital outlay expenditure ($11.3 million) experienced by the Rancho Cucamonga Redevelopment Agency due mainly to the completion of the two fire stations mentioned earlier in this report and the purchase of land intended for future projects. EAr is an a JRES BY FUNCTION (amount in thousands) Increase 1990/91 Percent (Decrease) Expenditures of Total from 89/90 General Administration 15,882 13.5% 3,991 Public Safety 7,311 6.2 378 Public Safety - Fire 7,003 5.9 1,697 Eng'rg & Public Works 8,523 7.2 1,194 Community Development 4,607 4.0 (2,275) Community Services 2,808 2.4 1,371 Capital Outlay 30,825 26.1 2,216 Debt Service 17.864 15.2 (42.6341. Total Gov't Expenditure 94,823 (34,062) Operating Transfers Out 22.988 19.5 (2.3311 Total Expenditures $117,811 100.0% ($36,393) 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: xxiv 1 1990/91 1989/90 111 Operating Revenues $ 714 $ 489 ' Non -Operating Revenues 178 179 892 668 1 LESS: Operating Expenses (7481 fAaal Net Income (Loss) $144 $82 The Internal Service Fund (Capital Replacement/Fleet Maintenance) increased its retained earnings by $62,340. 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. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 GENERAL. FUND FIRED 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, 1991, the general fixed assets of the City amounted to $95,263,513. This amount represents the original cost of the assets, net of additions and deductions from July 1, 1990 to June 30, 1991, 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. xxv ACKNOWLEDGEMENTS 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. 1 Jack Lam, AICP City Manager Jim Hart Administrative Services Director Susan M. Neely Finance Officer xxvi CITY OF RANCHO CUCAMONGA, CALIFORNIA CITY OFFICIALS JUNE 30, 1991 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 ADMINISTRATION AND DEPARTMENT 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 Community Services Director xxvii Term Exnires 1992 1992 1994 1992 1994 HEADS 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 Joe Schultz The Rancho Cucamonga Team DEPUTY CITY MANAGER RESC ©SERVICES I I SERCES I ERVICES 1 �ENFLAW ORCEMTMI CITY COUNCIL CITY MANAGER (RDA EXEC. DBE.) RDA CITY ATTORNEY "' (contract) DEPUTY CITY MANAGER (RDA DEPUTY DIRECTOR) ISERVICESCOMM. BIRO A SAFETY a a IS a a INN a 11111 ■N IMO MI- 11111-11N1 OM E Ell MI -j 111111 111111 MN MN all — N MN N MS MN —— NMI _— —' — V k ABOUT RANCHO CUCAMONGA LossUon Rancho Cucamonga is situated in the southwest corner of San Bernardino County, 37 miles east of downtown Los Angeles and IS 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 • region known as the West Valley, Rancho Cucamonga is strategically located at the hub of an extensive transportation network and within short commute distances of major employment centers In southern California. The city encompasses the thirty-five square miles which originally made up the communities of Cucamonga, Alta Loma and Etiwanda, becoming the Incorporated City of Rancho Cucamonga in 1977. Certificate of 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, 1990 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 (CAFR's) achieve the highest standards in govemment accounting and financial reporting. President fr Executive Director xxx r• E = — MN IS Iii M I NM MI INN — I MI NM M. M CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS DEDICATED TO THE PROFESSIONAL ADVANCEMENT OF MUNICIPAL FINANCE ADMINISTRATION Certificate o/4ward FOR OUTSTANDING FINANCIAL REPORTING PRESENTED TO THE City of Rancho Cucamonga This certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect a high level of quality in the annual financial statements and in the uggirlying accounting system from which the reports were prepared for the fiscal year 112'0 9-90 Chair, Profe onatndards Committee February 2Z 1991 President February 22, 1991 Date Date This page intentionally left blank. FINANCIAL SECTION This page intentionally Left blank. z 0 w cna d CP) Z M Lance Soil & 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, California INDEPENDENT AUDITOR'S REPORT Fred J Lung hard, 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, 1991 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, 1991, and the results of its operations and the changes in financial position 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 1 ��cc� ono. aac Et a \,.� LUrghard "'m"T'""a City Council 1 City of Rancho Cucamonga Rancho Cucamonga, Cafrfomia ' 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. , o(A >2 Cseada 1 October 31, 1991 ' 1 1 1 1 1 1 1 1 1 1 1 C o M B 1 N E D S T A T E M E N T LSI This page intentionally left blank. MIN ININa - MI NM - - _ - - I' - - - N INN ASSETS Cash end investments (Note 3) $ Cash end Investments with fiscal agent (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) Fixed 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, 1991 GOVERNMENTAL FUND TYPES Special Debt General Revenue Service 1,667,983 1,093,596 6,650,410 5,483,635 $ 13,456,848 1,717,770 363,079 635,000 2,548,325 $ 3,300,403 20,277,719 439,883 588,994 Total Assets $ 14,895,624 $ 18,721,022 $ 24,606,999 LIABILITIES AND FUND EQUITY Liabilities: Accounts payable Accrued payroll payable Accrued employee benefits (Note 1) Deposits Due to other funds (Note 13) Due to other governments Deferred revenue (Notes 8 and 10) Deferred compensation payable (Note 17) Obligation under capital leases (Note 11) Bond issue pledged revenue 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 Total Liabilities and Fund Equity $ 816,704 366,591 455,548 1,344,842 2,448,635 $ 682,117 $ 63,699 408,111 4,011,506 20,455 563,283 Capital Protects $ 85,350,742 6,557,148 2,277,577 563,527 1,497,928 25,000 8,846,000 • $ 103,117,922 PROPRIETARY FUND TYPE Internal Service $ 1,712,896 15,000 573,309 $ 2,301,205 $ 1,146,948 $ 72,398 550 5,620 44,364 15,150 3,812,009 835,720 493,708 5,432,320 5,749,171 850,870 - 5,497,579 4,310,936 5,777,533 5,152,368 - 23,756,129 7,194,318 9,463,304 12,971,851 23,756,129 $ 14,895,624 $ 18,721,022 $ 24,606,999 16,431,591 82,064,278 (875,526) 92,685 170,703 2,130,502 97,820,343 2,130,502 $ 103,117,922 $ 2,301,205 See Notes to Financial Statements 3 FIDUCIARY FUND TYPE Agency ACCOUNT GROUPS General General Fbced Assets Long -Term Debt $ 13,918,076 $ 98,123 83,096 • . 5 95,263,513 23,756,129 107,347,923 $ 14,099,295 $ 95,263,513 $ 131,104,052 $ $ 5,885,599 • 1,760,428 6,453,288 14,099,295 1,106,214 • 379,878 14,877,960 114 740,000 - 131,104,052 - 95,263,513 95,263,513 $ 14,099,295 $ 95,263,513 $ 131 104,052 Exhibit A TOTALS (Memorandum Only 1991 1990 $ 119,406,948 26,834,867 2,277,577 3,912,899 9,183,507 675,000 14,877,960 95,836,822 23,756,129 $ 113,053,807 47,145,883 3,044,516 5,838,358 650,000 12,847,621 74,247,924 40,865,091 107,347,923 89,261,689 $ 404,109,632 $ 386,954,889 $ 2,718,167 $ 4,831,360 436,460 460,592 1,969,873 1,479,290 5,929,963 6,042,391 9,183,507 5,838,358 1,349,883 3,011,918 2,618,909 1,760,428 1,436,730 472,563 647,784 6,453,268 5,612,575 14,877,960 12,847,621 114,740,000 115.925,000 162,903,990 157,740,610 95,263,513 73,769,311 2,130,502 1,986,185 26,520,060 23,791,399 110,972,775 120,323,610 6,318,792 9,343,774 241,205,642 229 214,279 $ 404,109.632 $ 386,954,889 Revenues: Taxes Menses and permits Fines end forfeits Uee of money and properly Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current General government Publlo safety Public safety - fire protection Engineering end public works Community development Community services Capital outlay Debt service: Principal Interest end fiscal charges Total Expenditures Excess of Revenues over (under) Expenditures Mg _ Ell OM _ CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EYVENDrTJRES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1991 General GOVERNMENTAL FUND TYPES Special Debt Revenue Service Capital Projects $ 10,696,891 $ 9,474,617 $ 17,563,734 $ 4,390,932 1,628,195 251271 516,520 957,938 2,611,668 7,151,122 4,348,262 3,945,489 - 1,465,940 731,685 - - 3,303,543 5,996,326 273,119 - 46,273 24,903,405 18,686,391 20,175,402 11,568,327 8,416,527 1,569,933 2,163,339 3,712,141 7,311,306 7,002,548 . 6,877,883 1,524,291 - 121,308 3,284,862 1,322,447 1,014,307 1,793,808 - 10,590895 - 20,234,210 116,948 32,319 105,473 7,543,842 2,168,541 111,103 7,785,471 27,054,152 24,040,488 17,492,652 26,236,200 $ (2,150,747) $ (5,354,0971 $ 2,682,750 See Notes to Financial Melanoma 4 TOTALS (Memorandum OnIrl 1991 1990 $ 42,126,174 $ 33,133,576 1,626,195 1,996,471 251,271 308,389 11,237,246 8,974,131 8,293,751 10,697,053 2,197,625 4,234,198 3,303,543 3,922,496 6,315,718 520,328 75,353,525 63,786,640 15,881,940 7,311,306 7,002,548 6,523,472 4,607,309 2,806,115 30,825,105 11,990,911 6,933,276 5,306,337 7,329,039 6,882,083 1,436,387 28,608,983 9,934,804 57,208,453 7,928,893 3,289,460 94,823,492 128,884,809 $(14,647,873) $ (19,469,9671 $ (65,098269) Exhibit S Page 1 of 2 _ MIMI INN I= MI NM 1E1111 MIN MIN INN_ _ M OM M MN M-- N- N O M-- M E MI MI 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 30, 1991 General GOVERNMENTAL FUND TYPES TOTALS Special Debt Capital (Memorandum Only) Revenue Service Projects 1991 1990 Other Financing Sources (Uses): Operating transfers In $ 802,251 $ 22,271 $ 1,612,074 $ 20,551,323 $ 22,987,919 $ 25,318,572 Operating transfers out (823,010) (1,613,586) (20,551,323) (22,987,919) (25,318,572) Proceeds from issuance of certificates of participation 101,128,588 Loan proceeds 2,456,000 7,236,423 9,692,423 6,222,640 Capital lease proceeds - - 248,903 Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures end Other Uses 2,435,241 (1,591,315) (18,939,249) 27,787,746 9,692,423 107,600,131 $ 284,494 $ (6,945,412) $ (16,256,499) $ 13,139,873 $ (9,777,544) $ 42,501,862 Fund Balances: Beginning of Fiscal Year - es previously reported $ 9,231,793 $ 18,576,112 $ 40,864,376 $ 84,816,592 $ 153,488,873 $ 110,690,940 Restatements (Note 15) (52,983) 1,341,151 (851,748) (336,122) 100,298 296,071 Beginning of Fiscal Year- as restated 9,178,810 19,917,263 40,012,628 84,480,470 153,589,171 110,987,011 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 284,494 (6,945,412) (16,256,499) 13,139,873 (9,777,544) 42,501,862 End of Fiscal Year $ 9,463,304 $ 12,971,851 $ 23,756,129 $ 97,620,343 $ 143,811,627 $ 153,488,873 See Notes to Financial Statements 5 Exhibit B Page of Revenues: Taxes Licenses and permits Fines and forfeits Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current: General govemment Public safety Engineering and public works Community development Community services Public safety - fire protection Capital outlay Debt service: Principal Interest and fiscal charges CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (UUUUGIAMT BASIS) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1991 Budget $ 9,970,310 2,966,750 278,310 515,100 4,893,371 3,917,710 922,700 GENERAL FUND Variance - Favorable Actual _JUnfavorable) $ 10,695,891 1,828,195 251,271 516,520 4,348,262 1,465,940 5.998,326 $ 726,581 (1,338,555) (25,039) 1,420 (545,109) (2,451,770) 5,073,626 23 482251 24,903,405 1,441,154 10,562,251 7,645,945 8,887,102 3,839,385 1,101,273 8,518,616 7,318,019 7,936,777 3,335,053 1,072,358 116,948 32,319 2,043,635 327,926 750,325 504,332 28,917 (116,948) (32,319) SPECIAL REVENUE FUNDS Variance - Favorable Budget Actual (Unfavorable) $ 8,441,816 $ 9,474,617 $ 1,032,801 740,177 956,360 6,586,513 3,944,679 757,297 731,685 4,787,412 3,303,543 6.500 273,119 21.319,715 _ 18,684,003 1,584,932 1,624,602 1,645,269 1,604,984 2,448,512 1,670,186 1,807,430 1,794,395 7,607,784 7,002,548 15,362,715 12,696,658 105,473 105,473 8,490 111,103 216,183 (2,641,834) (25,612) (1,483,869) 266,619 (2,635,712) (39,670) 40,285 778,326 13,035 605,236 2.666,057 (102,613) Exhibit C Page 1 of 6 Total Expenditures 30.570,605 26,609,949 3,960,656 Excess of Revenues over (under) Expenditures $ (8,373,705) $ (3,426,683) $ 4,947,022 $ (9.250,8901 $ (7,925,946) $ 1,324,944 See Notes to Financial Statements 6 MN n E M M E M I M E M MIN M MEI 31,835,956 28,330,088 3,505,868 11.11 S I MN M- N M- -= I N MN I MI MO IIIIII Other Financing Sources (Uses): Operating transfers in Operating transfers out Loan proceeds Total Other Financing Sources (Uses) Excess of Revenues end 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 (GMP Basis) Fund Balances: Beginning of Fiscal 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 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 30,1991 GENERAL FUND Variance - Favorable Budget Actual (Unfavorable) $ - $ 802,251 $ 802,251 (823,010) (823,010) - 2,456,000 2,456,000 (823,010) 2,435,241 3,258,251 (9,196,715) (991,442) 8,205,273 1.275.936 1,275,936 (9,196,715) 284,494 9,481,209 $ (9,196,715) $ 284,494 $ 9,481,209 $ 9,231,793 $ 9,231,793 $ (52.983) 9,231,793 9,178,810 (52,983) (52,983) (9,196,715) 284,494 9,481 209 $ 35,078 $ 9,463,304 $ 9,428,226 See Notes to Financial Statements 7 SPECIAL REVENUE FUNDS Varlance- Favorable Budget Actual (Unfavorable) $ 22,271 (1,613,586) (1.591,315) (10,842,205) (10,842,205) $ (10,842,205) $ 18,576,112 18,576,112 (10,842,205) $ 7.733,907 $ 22,271 $ (1,813,586) 1,591,315 (9,517,261) 2,570.324 (6,946,937) 1,525 1,324,944 2,570,324 3,895,268 1,525 $ (6,945,412) $ 3,896793 $ 18,576,112 $ 1,341,151 1,341,151 19,917,263 1,341,151 (6,945,412) 3,895,268 $ 12,971,851 $ 5,237,944 Exhibit C Page 2 of 6 CITY OF RANCHO CUCAMONGA COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES aunnn aa,n a ,n nKt ,nm lanow/ ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30, 1991 Budget Revenues: Taxes $ 17,563,734 $ 17,563,734 $ 4,021,259 $ 4,390,932 $ 369,673 Licenses and permits - Fines end forfeits - Use of money and property 140,780 2,611,668 2,470,888 190,610 7,151,122 6,960,512 Intergovernmental - Charges for services Development fees - - Other 46.273 48,273 DEBT SEAVICE FUNDS Variance - Favorable Actual (Unfavorable) Budget CAPITAL PROJECTS FUNDS Variance - Favorable Actual (Unfavorable) Total Revenues 140.780 20,175.402 20034,622 _ 4,211,869 11.588,327 7,376,458 Expenditures: Current: General govemment 2,163,339 (2,163,339) 3,712,141 (3,712,141) Public safety Engineering and public works 2,927,261 121,308 2,805,953 Community development - Community services - - Public safety - fire protection 46,474,642 27,532,663 18,941,979 Capital outlay Debt service: Principal 8,020,487 7,543,842 (1,523,355) 2,669,942 2,168,541 501,401 Interest and fiscal charges 7.783,083 7.785,471 (2,388) - Total Expenditures 13,803,570 17.492,652 (3,689,082) 52.071,845 33,534,653 18,537,192 Excess of Revenues over (under) Expenditures $ (13,662,790) $ 2,682,750 $ 16,345,540 $ (47,659,976) $ (21,946,326) $ 25,913,650 Exhibit C Page of See Notes to Financial Statements 8 ME 1.11 NM OM Mill E MI M = MN M M MI = I IMII IIIII I MO E MI E N M I-- I E M M I -' E OM E M UM 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 30,1991 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Variance- Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Other Financing Sources (Uses): Operating transfers In $ 2,025,064 $ 1,612,074 $ (412,990) $ $ 20,551,323 $ 20,551,323 Operating transfers out - (20,551,323) (20,551,323) - - Loan proceeds - - - 2,985,446 7.236,423 4,250.977 Total Other Financing Sources (Uses) 2,025,064 (18,939.249) (20,964,313) 2,985,446 27,787,746 24,802,300 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (11,637,726) (16,256,499) (4,618,773) (44,874,530) 5,841,420 50,715,950 Adjustments: To adjust for encumbrances (Note 1) - 7,298,453 7,298 453 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) - Budgetary Classifications (11,637,726) (16,256,499) (4,618,773) (44,874,530) 13,139,873 58,014,403 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) $ (11.637.726) $ (16,256,499) $ (4,618,773) $ (44.874,530) $ 13,139,873 $ 58,014,403 Fund Balances: Beginning of Fiscal Year - as previously reported $ 40,864,376 $ 40,884,376 $ - $ 84,816,592 $ 84,816,592 $ - Restatements (Note 15) (851,748) (851,748) (336,122) (336,122) Beginning of Fiscal Year - as restated 40,864,376 40,012,628 (851,748) 84,816,592 84,480,470 (336,122) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) (11,637,726) (16,256,499) (4,618,773) (44,874.530) 13,139,873 58,014,403 End of Fiscal Year $ 29,226,650 $ 23,756,129 $ (5,470,521) $ 39,942,062 $ 97,620,343 $ 57,678,281 See Notes to Financial Statements 9 Exhibit C Page 4 of 6 Revenues: Taxes Licenses and permits Fines and forfeits Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current: General govemmeM Public safety Engineering and public works Community development Community services Public safety - fire protection Capital outlay Debt service: Principal Interest and fiscal chargee 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) ALL GOVERNMENTAL FUND TYPES FOR THE FISCAL YEAR ENDED JUNE 30,1991 TOTALS (MEMORANDUM ONLYI, Varlance- Favorable Actual (Unfavorable) Budget S 22,433,385 2,966,750 276,310 1,586,667 11,479,884 4,675,007 4,787,412 929200 S 42,126,174 $ 19,692,789 1,628,195 (1,338,555) 251,271 (25,039) 11,235,670 9,649,003 8,292,941 (3,186,943) 2,197,625 (2,477,382) 3,303,543 (1,483,869) 6,315,718 5,386,518 49,134,615 75,351,137 26,216,522 12,147,183 16,018,698 (3,871,515) 7,845,945 7,318,019 327,926 13,259,632 9,663,069 3,596,563 6,287,897 5,005,239 1,282,658 2,908,703 2,866,751 41,952 54,082,426 34,535,211 19,547,215 15,382,715 12,696,658 2,666,057 8,795,902 9,934,804 (1,138,902) 7,791,573 7,928,693 (137,320) 128,281,976 105,967,342 22,314,634 S (79,147,361) $ (30,616,205) S 48,531,156 See Notes to Financial Statements 10 IIIIII N OM I IIIIII N IMI = OM 1111111 MN INII I e I MI Exhibit C Page 5 of 6 1 I NM NE NE- MN I NE I M- N OM M_- = MN Other Financing Sources (Uses): Operating transfers in Operating transfers out Loan 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 (Note 1) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basle) - 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 (CRAP Basis) Fund Balances: Beginning of Fiscal 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 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, 1991 TOTALS (MEMORANDUM ONLY) Varlance- Favorable Actual (Unfavorable) Budget $ 2,047,335 (2,436,596) 2,985,446 2,596,185 (76,551,176) (76,551,176) $ 22,987,919 (22,987,919) 9,692,423 $ 20,940,584 (20,551,323) 6,706,977 9,692,423 7,096,238 (20,923,782) 55,627,394 11,144,713 11,144,713 (9,779,069) 1,525 66,772,107 1,525 $ (76,551,176) $ (9,777,544) $ 66,773,632 $ 153,488,873 $ 153,488,873 $ - • 100,298 100,298 153,488,873 153,589,171 100,298 (76,551,176) (9,779,069) 66,772,107 $ 76,937,697 $ 143,811,627 $ 66,873,930 See Notes to Financial Statements 11 Exhibit C Page 6 of 6 CITY OF RANCHO CUCAMONGA Exhibit D .rra rr we we%s n mn wweunen 1 w 1 GwILM 1 Vr nc r LW CV, GnrcnVcu wi.D CHANGES IN RETAINED EARNINGS PROPRIETARY FUND TYPE INTERNAL SERVICE FUND FOR THE FISCAL. YEAR ENDED JUNE 30,1991 TOTALS Year ended June 301 1991 1990 Operating Revenues: Charges for services $ 713,839 $ 489,170 Operating Expenses: Vehicle end equipment malntenance 590,415 451,044 Depreciation 157,339 134,626 Total Operating Expenses 747,754 585,670 Operating Income (Loss) (33,915) (96,500) Nonoperating Revenues: Interest income 145,071 178,477 Gain pose) on sale of tlxed assets 33,161 Total Nonoperating Revenues 178,232 178,477 Net Income 144,317 81,977 Retained Earnings: Beginning of Fiscal Year 1,986,185 1,904,208 End of Fiscal Year $ 2,130,502 $ 1,986,185 See Notes to Financial Statements 12 111111 MI M MIN M MI M M INN 1111111 M MO = OM MI M M MN MN MN N OM M NM MN ME NM I M M I--- == I Cash Flows from Operating AotMtles: Operating Income AdJustmeM to reconcile Operating Income to Net Cash: Depreciation 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 CITY OF RANCHO CUCAMONGA Exhibit E STATEMENT OF CASH FLOWS - PROPRIETARY FUND TYPE INTERNAL SERVICE FUND FOR THE FISCAL YEAR ENDED JUNE 30,1991 $ (33,915) 157,339 752 16,990 31,671 9 206,761 Net Cash Provided (Used) by Operating Activities 172,846 Cash Flows from Capital and Related Financing Activities: Principal payments on capital leases (19,001) Acquisition of fixed assets (252,035) Sale of fixed assets 33 161 Net Cash Provided (Used) by Capital and Related Financing Activities (237,875) Cash Flows from Investing Activities: Interest on Investments 145,071 Net Cash Provided (Used) by Investing Activities 145,071 Net Increase (Decrease) in Cash and Investments 80,042 Cash and Investments at Beginning of Year 1,632,854 Cash and Investments at End of Year S 1,712,896 See Notes to Financial Statements 13 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS JUNE 30, 1991 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 governing authority and designation of management, budget control, and the ability to significantly influence operations. The accompanying general purpose financial statements contain information for the total reporting entity. The City of Rancho Cucamonga (an oversight unit) was incorporated on November 30, 1977 under the laws of the State of California and enjoys all the rights and privileges applicable to a General Law City. The Rancho Cucamonga Redevelopment Agency was established on May 20, 1981 pursuant to the State of California Health and Safety Code, Section 33000. Its purpose is to prepare and carry out plans for the improvement, rehabilitation and development of blighted areas within the territorial limits of the City of Rancho Cucamonga. The Rancho Cucamonga Public Improvement Corporation was incorporated on November 14, 1988 under the Non -Profit Public Benefit Corporation Law of the State of California. The Corporation was established for charitable purposes including rendering financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements for the benefit of residents of the City and the surrounding area. The Rancho Cucamonga Fire Protection District (formerly, Foothill Fire Protection District) was an independent (self -governed) special district formed pursuant to the State of California Health and Safety 14 MN MI E INE INIII M IIIIII N M 11111 NM I MI N M MN M I EN MS E- N MN_ M M NM MI M' _- I INN INN 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 Types The General Fund - to account for all unrestricted resources except those required to be accounted for in another fund. Special Revenue Funds - to account for the proceeds of specific revenue sources (other than major capital projects) that are restricted by law or administrative action to expenditures for specified purposes. Debt Service Funds - to account for the accumulation of resources for, and payment of, interest and principal on general long- term debt. Capital Projects Funds - to account for financial resources segregated for the acquisition of major capital facilities (other than those financed by Proprietary Funds). Proprietary Fund Types Internal Service Funds - to account for the financing of goods or services provided by one department or agency to other departments or agencies of the City or to other governmental units, on a cost -reimbursement basis. 15 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Fiduciary Fund Types Agency Funds - to account for assets held by the City as trustee or agent for individuals, private organizations, or other governmental units, and/or other funds. Account 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 current assets) is considered a measure of 'available spendable resources'. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of 'available spendable resources' during a period. Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General Fixed Assets Account Group, rather than In 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 fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated market value on the date donated. Interest accrued during construction (if any) of fixed assets is capitalized as a part of the asset cost. All proprietary funds are accounted for on a cost of services or 'capital maintenance' measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) Is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets. 16 NM I♦ MN NM N INE M ME MO NM 1101 ME 1011 1101 1M - I I MO OM 1 EN I - M, - NE I - N M 1 1 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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 governmental funds are accounted for in the General Long -Term Debt Account Group, not in the govemmental funds. Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered 'available spendable resources', since they do not represent net current assets. Recognition of govemmental fund type revenues represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long-term loans receivable are offset by fund balance reserve accounts. Special reporting treatments are also applied to governmental fund inventories (if any) to indicate that they do not represent 'available spendable resources', even though they are a component of net current assets. Such amounts are generally offset by fund balance reserve accounts. Because of their spending measurement focus, expenditure recognition for governmental fund types does not include amounts represented by noncurrent liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long -Term Debt Account Group. c. Functional Classifications Expenditures of the City are classified by function. Functional classifications are defined as follows: General Government includes legislative activity, City Clerk, City Attorney, City Manager as well as management or supportive services across more than one functional area. Public Safety includes those activities which involve the protection of people and property. Public Safety - Fire Protection includes activities of the fire protection district involved in the protection of people and property from fire. 17 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Signiticant Accounting Policies (Continued) Enaineerina and Public Works includes all maintenance, engineering and capital improvements which relate to streets, sewers, parks, flood control and other public facilities. Community Development includes those activities which involve planning and redevelopment as well as building and safety. Community Services includes those activities which involve the providing of recreational, cultural and educational services. d. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized In the accounts and reported in the financial statements. Specifically, it relates to the timing of the measurements made regardless of the nature of the measurement. All governmental funds and Agency funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable and available as net current assets. Revenues considered susceptible to accrual In those funds wherein revenue is recognized on a modified accrual basis is as follows: property and sales taxes, revenue from the use of money and property, interfund transfers, unbilled service receivables and intergovernmental revenue are all considered measurable and are recognized as revenue on a modified accrual basis; licenses, permits, fines and forfeitures and similar items are, for the most part, not susceptible to accrual and consequently are not recorded until received. Agency funds are purely custodial (assets equal liabilities) and thus do not involve measurement of results of operations. The assets and liabilities are accounted for on a modified accrual basis with the exception of the City's Deferred Compensation Plan which is accounted for on a market value basis in accordance with Statement No. 2 of the Governmental Accounting Standards Board (GASB). Property tax revenue is recognized on the basis of NCGA Interpretation No. 3; (adopted by GASB) that is, in the fiscal year for which the taxes have been levied providing they become available. Available means then due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used to pay liabilities of the current period. The County of San Bernardino collects property taxes for the City. Tax liens attach annually as of 12:01 A.M. on the first day in March preceding the fiscal year for which the taxes are levied. The tax levy 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 governmental funds are recognized as revenue in the accounting period when they become susceptible to accrual, i.e., both measurable and available (modified accrual basis). Grants received before the revenue recognition criteria has been met are reported as deferred revenue, a liability account. Such resources not received are reported as a receivable if the revenue recognition criteria has been met. 18 = I MI M I NM = 111.1 MI= a a MI a a a a a---- MI I MI MIN 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 11 unperformed contracts In -process at year-end are completed. They do not constitute expenditures or estimated liabilities. Budget Basis of Accounting Budgets for governmental funds are adopted on a basis consistent with generally accepted accounting principles (GAAP) except that for budgeting purposes only encumbrances are treated as expenditures. The Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - All Governmental Funds presents comparisons of the legally adopted budget with actual data on the budgetary basis. The difference between the budgetary basis and GAAP are also presented and reconciled on this statement. This reconciliation Included the following unbudgeted funds: 19 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses Special Revenue Fund Type: S B 300 $ 1,578 San Sevaine/Etiwanda Drainage153) Total $ 1.525 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, 1991, 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, 1991, there are no material long-term judgments and claims against the City and no liability is reported 20 IMMI INE ISE MIIII 1E11 INN MIN OM 111111 MIN NM NMI NM MN N N N MO= I-- -_= M N-- M N MI City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 1: Organization and Summary of Significant Accounting Policies (Continued) in the General Long -Term Debt Account Group. In addition, the City has determined that at June 30, 1991, there are no material incurred but unreported claims against the City. Compensated Absences The City utilizes the General Fund and Special Revenue - Fire District Fund to account for its compensated absences. The short-term portion is determined to be the amount due to employees for future absences which is attributable to services already rendered and which is expected to be paid during the next fiscal year. The total amount of liability for compensated absences is segregated between short-term and long-term as indicated above and are accordingly reflected in the General Fund, Fire District Special Revenue Fund and General Long -Term Debt Account Group. Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally, an employee can not accrue more than one and one-half times his regular annual entitlement. Sick leave is payable when an employee is unable to work because of illness. For City employees, those who terminate their employment after five years of continuous service and have at least 50% of five years sick leave accrued on the books upon termination may be paid for 120 hours of the accrued leave. For Fire District Employees, sick leave may be accumulated indefinitely or an employee with ten or more years of service shall be eligible to convert unused sick leave to vacation in accordance with the following with any remainder of hours to still remain used sick time. Accumulated Vacation Employee Balance Prior Conversion Type Calendar Year Rate Shift 108 hr - 144 hr one - half Shift 72 hr - 108 hr one - fourth 40 hour 72 hr - 96 hr one - half 40 hour 48 hr - 72 hr one - fourth Upon service retirement of a public safety employee the option exists to sell back up to one-half of total accumulated sick time or have the time credited toward service in accordance with the Public Retirement Law. All unused sick leave is forfeited upon termination, other than for normal retirement. 21 City of Rancho Cucamonga Notes to Financial Statements (Continued) 11 emu. ,,. V , V.rnnv J, lir Note 2: Stewardship, Compliance and Accountability a. The following funds contained deficit fund balances as of June 30: Special Revenue Funds: Beautification Assessment Administration SB 140 $ (1,110,004) (37,858) (320,063) Capital Projects Funds: Assessment District 89-1 (52,788) b. Excess of expenditures over appropriations in individual funds at the departmental level are as follows: Expenditures Appropriations Excess Special Revenue Funds: Gas Tax Engineering and public works $ 468,544 $ 400,490 $ 68,054 Capital outlay 411,220 389,908 21,312 SB 325 Engineering and public works 118,319 93,680 24,639 Recreation Community services 574,995 571,320 3,675 Beautification Engineering and public works 313,758 284,944 28,814 Lighting Districts General government 389,565 369,303 20,262 Community Development Block Grant Community services 212,139 205,660 6,479 Assessment Administration General government 1,235,037 1,215,629 19,408 Capital outlay 109,739 5,640 104,099 22 M N M a I M INI1 IS M N E IIIIII MI OM P MIIII E = E mama um um me a an fa no a um EN um a um i a City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 2: Stewardship, Compliance and Accountability (Continued) Debt Service Funds: Central Park Acquisition Interest and fiscal charges Public Improvement Corporation Interest and fiscal charges Expenditures Appropriations Excess $ 150,722 $ 149,070 177,971 177,235 $ 1,652 736 Capital Projects Funds: Redevelopment Agency General government 3,712,141 3,669,816 42,325 Note 3: Cash and Investments Cash and investments at June 30 consisted of the following: Pooled Cash and Deposits $ 65,748,370 Pooled Investments 33,976,509 Investment In County of San Bemardino Investment Pool 2,654,069 Investment in State Treasury's Investment Pool 17,028,000 Investment with Fiscal Agent/Trustee 25,897,179 Cash with Fiscal Agent Invested in Mutual Fund 937,688 Total Cash and Investments $ 146,241,815 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 deterred compensation plan is credited direly to the related fund. 23 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Pooled Cash and Non -Negotiable Certificates of Deposit All pooled cash and non-negotiable certificates of deposit are entirely insured or collateralized. The California Government Code requires California banks and savings and loan associations to secure a City's deposits by pledging government securities as collateral. The market value of pledged securities must equal at least 110% of a City's deposits. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City's total deposits. The City may waive collateral requirements for deposits which are fully insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). Cash and Investments with Fiscal Agent The City has monies held by a fiscal agent pledged to the payment or security of certain bonds, certificates of certification, and lease obligations. The California Government Code provides that these monies, In the absence of specific statutory provisions governing the issuance of these bonds, certificates, or leases, may be Invested in accordance with the ordinance, resolutions or Indentures specifying the types of investments Its fiscal agent may make. These ordinances, resolutions, and indentures are generally more restrictive than the City's general investment policy. In no instance have additional types of Investments, not permitted by the City's general investment policy, been authorized. Cash and Investments - Deferred Compensation Plan The City offers its employees a deferred compensation plan created In accordance with Internal Revenue Code Section 457. The market value of the plan assets at June 30, 1991 Is $1,760,428. 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 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. 24 OM MI I I N- M I M INN _--_- M E N IINI City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 3: Cash and Investments (Continued) Cateoory Carrying Market 1 2 3 Amount Value Cash in Bank $ 201,480 $ 5,605,286 $ $ 5,806,766 $ 5,806,766 Certificates of Deposit 1,599.000 58.342,604 59.941.604 59.941.604 Totals $ 1.800,480 $ 63.947.890 $ _ $ 65,748,370 $ 65,748,370 Pooled Investments Authorized Investments Under provisions of the City's Investment Policy, and in accordance with Section 53601 of the California Government Code, the City may Invest in the following types of investments: Securities of the U.S. Government, or its agencies Small Business Administration Loans Certificates of Deposit Bankers Acceptance Commercial Paper Local Agency Investment Fund (State Pool) Deposits Passbook Savings Account Demand Deposits Repurchase Agreements 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 City of Rancho Cucamonga Notes to Financial Statements (Continued) IYVIC J: 1iC311 dI lu 111YCL1111C11tt. tl.VI llIIluCuf City Investments: Banker's Acceptance U.S. Government Securities Money Market Investments Deferred Compensation Plan 1 Category 2 $ $ 970,554 $ 4,966,684 26,278,843 1.556,479 203,949 Total City Investments $ 1,556,479 $ 32,420,030 $ Cash and Investments with Fiscal Agent: Cash $ 62 $ •$ Money Market Investment 15,807,117 Investment Agreement 3 10.090,000 Canying Amount $ 970,554 4,966,684 26,278,843 1,760,428 $ 33.976.509 $ 62 15,807,117 10.090.000 Market Value $ 970,554 5,106,600 26,278,843 1.760.428 $ 34,116,425 $ 62 15,807,117 10,090,000 Total Cash and Investment with Fiscal Agent $ 62 $ 15.807.117 $ 10.090.000 $ 25,897.179 $ 25.897,179 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 $ 17.028,000 Investment in County of San Bemardino's Investment Pool $ 2.654.069 Cash with Fiscal Agent Invested in Mutual Fund Amounts invested in mutual funds cannot be assigned a credit risk category because the City does not own specific securities. However, the fund's investment policies and practices with regard to the credit and market risks have been determined acceptable to the City's investment policies. Cash with Fiscal Agent Invested in Mutual Fund $ 937.688 26 11.1 NM MN N ME MI 111.1 E N MI - 101111 N = S 111111 M I I MN EN N N NE M- I N-__ E! IINI 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 Note 5: Deposits Amount $ 513,931 385,006 596,720 1.022.980 $ 2,518,637 The City has made a condemnation deposit of $635,000 with the San Bernardino Superior Court in connection with the Northeast Community Park Project. The deposit is reported in the Park Development Fund, a Special Revenue Fund. Note 6: Advances to Redevelopment Agency During the current and prior fiscal years, the City of Rancho Cucamonga has loaned the Rancho Cucamonga Redevelopment Agency funds for use in financing various projects. The loans which amount to $8,131,960 as of June 30, 1991 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 $2,448,635 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 27 Balance June 30. 1990 Additions $ 33,134,093 3,824,128 4,221,538 6,344,476 2,314,001 $ 6,568,400 $ 18,109,436* 1,740,799 945,196 556,330 Balance Deletions June 30. 1991 $ 39,702,493 21,933,564 5,962,337 117,422 7,172,250 25,990 2,844,341 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 7: changes in General Fixed Assets (continued) Balance Balance June 30. 1990 Additions Deletions June 30. 1991 Assets acquired under capital lease - equipment $ 925,969 $ - $ $ 925,969 Construction in -progress 24.035,342 10.781.426 18.094,209* 16,722,559 Total $ 74.799,547 $ 38.701,587 $ 18.237.621 $ 95.263.513 *The deletion of $18,094,209 in construction in -progress is a reclassification of the Civic Center project from this category to the category of buildings. Note 8: Proprietary Fund Fixed Assets A summary of proprietary fund type property, plant and equipment is presented below: Allowance Estimated Fixed for Net Useful Lite Assets Depreciation Book Value Internal Service: Purchased assets: Automotive equipment 5 years $ 843,610 $ 577,274 $ 266,336 Other equipment 5-10 years 61,032 26,468 34,564 Assets acquired through capital leases - equipment 5-10 years 294,746 22,337 272.409 Total $ 1.199,388 $ 626,079 $ 573.309 28 NS M M I N M M M ON M IIIMI 110111 I N IIIIIII SI I OM NM N I I I a a a a a a MO City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligations City of Rancho Cucamonga (Separate from Fire District) a. Plan Description The City contributes to the California Public Employees Retirement System (PERS), an agent multiple -employer public employee retirement system that acts as a common investment and administrative agent for participating public entitles within the State of California. The City's total payroll was $11,264,707 of which $10,346,252 was the payroll for employees covered by the system for the year ended June 30, 1991. 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 11 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 11 the entity's contract with PERS provides for one year final compensation. b. Employee end Employer Contribution Obligations The City contributes 7% of their salaries to the system on behalf of member employees. The City also contributes the remaining amounts necessary to fund the benefits for its members, using the actuarial basis recommended by the PERS actuaries and actuarial consultants and adopted by the Board of Administration. c. Funding Status and Progress The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary Increases and step -rate benefits, estimated to be payable in the future as a result of employee service to date. The measure is intended to help users assess the funding status of the system on a going - concern basis, assess progress made In accumulating sufficient assets to pay benefits when due, and make comparisons among employers. The measure is the actuarial present value of credited projected benefits and is Independent of the funding method used to determine contributions to the system. The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1990, but reflects all plan amendments adopted through June 30, 1991. 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 postretirement benefit Increases. The total assets in excess of pension benefit obligation applicable to the employees was $668,312 at June 30, 1990 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 780,590 Current employees: Accumulated employee contributions including allocated investment earnings 2,886,344 Employer -financed vested 1,941,514 Employer -financed nonvested 779.441 Total Pension Benefit Obligation $ 6,387,889 Net assets available for benefits at cost (Market Value = $8,001,732) 7.056.201 Assets in Excess of Pension Benefit Obligation $ 668.312 d. Contributions Required and Contributions Made PERS uses the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is, it takes into account those benefits that are expected to be eamed In the future as well as those already accrued. According to this cost method, the normal cost for an employee is the level amount which would fund the projected benefit if it were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method in which the employer's total normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll 30 M 1111111 M N M E = M 11111 N a I I = SO N IIINI I EN NE NE MS M--- N-- N MI 1 EN N E MI City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) method to amortize any unfunded actuarial liabilities. The amortization period of the unfunded actuarial liability ends in the year 2000. The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the same as those used to compute the pension benefit obligation, as previously described. The contribution to the system for the year ended June 30, 1991 of $1,466,799 was made in accordance with actuarially determined requirements computed through an actuarial valuation performed as of June 30, 1990. The contribution consisted of $1,466,799 normal cost (13.91% of current covered payroll). During the year, the City contributed $738,267 (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. Four-year trend information for the City of Rancho Cucamonga follows: 1986-87 1987-88 1988-89 1989-90 Net assets available for benefits $ 3,629,308 $ 4,289,840 $ 5,213,200 $ 7,056,201 Pension benefit obligation $ 2,636,057 $ 3,455,000 $ 4,609,897 $ 6,387,889 Net assets available for benefits expressed as a percentage of the pension benefit obligation 137.7 % 124.2 % 113.1 % 110.5 % Assets in excess of pension benefit obligation $ 993,251 $ 834,840 $ 603,303 $ 668,312 Annual covered payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 Assets in excess of pension benefit obligation, expressed as a percentage of annual covered payroll 31 25.5 % 15.7 % 8.6 % 7.8 % City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Pian Obligation (continued) 1986-87 1987-88 ' 1988-89 1989-90 Employer contributions. These contributions were made in accordance with actuarially determined requirements $ 308,950 $ 349,447 $ 476,976 $ 596,077 Annual covered payroll $ 3,892,067 $ 5,318,015 $ 7,037,782 $ 8,515,379 Employer contributions expressed as a percentage of annual covered payroll 7.9 % 6.6 % 6.8 % 7.0 % For the fiscal year 1990-91, 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 California. The total covered payroll for employees participating In the system for the year ended June 30, was $4,376,838. All full-time employees who are eligible may participate In the system. To be eligible for service retirement an employee must be at least age 50 and have five years of PERS-credited service. For public safety employees, the benefits are payable monthly for life, in an amount that varies from 2 percent at age fifty to 2.7 percent at age sixty (for each year of credited service) of their final compensation. For non -safety employees the benefits are payable monthly for life, in an amount that varies from 1.092 percent at age fifty to 2.418 percent at age sixty-three (for each year of credited service) of their final compensation. PERS also provides death and survivor's benefits; all benefit provisions and all other requirements are established by State statute. 'Final Compensation' is the average monthly pay rate for the last consecutive 36 months (or any other 36 month period if higher); however, with respect to public safety employees only the average monthly pay rate for the last consecutive 12 months (or another 12 consecutive months if higher) may be used if the entity's contract with PERS provides for one year final compensation. 32 11111 11111 11111 11111 11M1 1 In OM I♦ NM NM NM NB MI = MN NM MN 1 IIIIIII 1111111 N MO I M MI N M N-_- M I N M MIN City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) g. Employee and Employer CoMrlbutlon Obligations The District makes the contributions required of District employees on their behalf and for their account. The rates are set by statute and therefore remain unchanged from year to year. The present rates are: Member Rates as a Category Percentaae of Waaes Local miscellaneous members 7 % Local safety members with benefits under Article 21252.01 9 % Local safety members with benefits under Article 21252.6 7 % The District is required to contribute the remaining amounts necessary to fund the benefits for its members, using the actuarial basis recommended by the PERS actuaries and actuarial consultants and adopted by the board of administration. h. Funding Status and Progress The amount shown below as the 'pension benefit obligation' is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases and step -rate benefits, estimated to be payable in the future as a result of employee service to date. The measure is Intended to help assess the funding status of the system on a going -concern basis, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among employers. The measure is the actuarial present value of credited projected benefits and is independent of the funding method used to determine contributions to the system. The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1989. 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 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, 1990, but reflects all plan amendments adopted through June 30, 1991. 33 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) The total Overfund Pension Benefit Obligation applicable to the employees was $37,186 at June 30, 1990 as follows: Pension Benefit Obligation: Retirees and beneficiaries currently receiving benefits and terminated employees not yet receiving benefits $ 1,150,352 Current employees: Accumulated employee contributions including allocated investment eamings 2,367,341 Employer -financed vested 3,723,920 Employer -financed non -vested 269,309 Total Pension Benefit Obligation $ 7,510,922 Net assets available for benefits at cost (Market value = $8,559,554) 7,548,108 Overfunded Pension Benefit Obligation $ 37.186 i. Contributions Required and Contribution Made PERS uses the Entry Age Normal Actuarial Cost Method which Is a projected benefit cost method. That is, it takes into account those benefits that are expected to be earned in the future as well as those already accrued. According to the cost method, the normal cost for an employee is the level amount which would fund the projected benefit it it were paid annually from date of employment until retirement. PERS uses a modification of the Entry Age Cost Method In which the employer's normal cost is expressed as a level percentage of payroll. PERS also uses the level percentage of payroll method to amortize any unfunded actuarial liabilities. The 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. 34 NM N M IIIII M N M N M IS N NM M INIII I I NM = NM I M MI = a - aIIIIII M M MN = City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 9: Pension Plan Obligation (Continued) 1• Trend Information Trend information gives an Indication of the progress made In accumulating sufficient assets to pay benefits when due. System- wide ten-year trend Information may be found in the California Public Employees Retirement System Annual Report. The four-year trend information for the Rancho Cucamonga Fire Protection District follows: 1986-87 1987-88 1988-89 1989-90 Net assets available for benefits expressed as a percentage of the pension benefit obligation 106.7 % 103.6 % 102.1 % 100.5 % Overfunded pension benefit obligation, expressed as a percentage of annual covered payroll 15.3 % 8.5 % 5.2 % 1.3 % Note 10: Deferred Revenue Deferred revenue as of June 30, 1991 consists of the following: General Fund - interest accrued on advances to Rancho Cucamonga Redevelopment Agency which is measurable but not available (See Note 6) $ 2,448,635 Special Revenue Funds - development fees collected In advance from various developers for future improvement projects. They are reported as follows: Beautification $ 34.970 Systems Development 519,865 Drainage Facilities 1,908 Community Development Block Grant 6,540 563,283 Total $ 3,011,918 35 r City of Rancho Cucamonga Notes to Financial Statements (Continued) X1.1. • • . 1 r• -I-. 1\VlG 1 1 . 1-V119-1 GI 111 LOGY% a. A description of individual components of long-term debt outstanding as of June 30, 1991 follows: Certificates 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. 2. $2,875,000 Certificates of Participation, Rancho Cucamonga Public Improvement Corporation - On December 29, 1988, the Rancho Cucamonga Public Improvement Corporation issued $2,875,000 in Certificates of Participation with an average interest rate of 7.03% to render financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements for its Northeast Community Park Project. With the proceeds of the Certificates, the City will acquire approximately 38 acres of land which the City intends to develop as the Community Park. The City has covenanted in its lease agreement with the Corporation to budget for, appropriate and make the lease payments to the Corporation each year during which it has use and possession of the Park. The Corporation has assigned lease payments to the Trustee. The Trustee may hold the City liable for all lease payments on an annual basis should the City default on its obligation to make lease payments. 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 M N 111111 N 1 = IIIIII I MI MI M N NM MS E NM M= NM E NM= MI a a a f• - IEn I_ O City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) Maturity Maturity Date Principal Interest Date Principal Interest September 1 Amount Rate September 1 Amount Rata 1994 $ 1,855,000 6,100 % 2001 $ 1,865,000 6.800 % 1995 1,965,000 6.200 2002 1,990,000 6.650 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 alter 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 (i) the Chino Basin Municipal Water District, (ii) the County of San Bernardino on behalf of the County Free Library and the San Bernardino County Flood Control District, (ii) 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) Mega 11 • 1 nnn.Tarm rinht /r`nntinnadl 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 Bernardino also provides that Tax Revenues which would have been allocated to the County had not the Redevelopment Plan been adopted will be fully allocated to the Agency until fiscal year 1998-1999. 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 received bond proceeds. 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 City. This loan is non-interest bearing and the repayment date is not stated. Capital Lease Obllaatlon: 1. The City entered into equipment lease purchase agreements with various vendors. The following is a schedule by years of future minimum lease payments as of June 30, 1991. Internal Long -Term Debt Fiscal Year Service Fund Account Group 1991-92 $ 27,499 $ 178,238 1992-93 27,499 156,936 1993-94 27,499 59,628 1994-95 27.497 27.499 Total Minimum Lease Payments $ 109,994 $ 422,301 Less: Amount Representing Interest 17.309 42.423 Present Value of Net Minimum Lease Payments $ 92.685 $ 379.878 38 N I E = 1111 1 1 MN 11111 S I IIIMI I 11111 11111 M NE MO M N r M- I NM _ E M-- M ES N NM City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) b. Defeasance of Bonds In prior years, the Rancho Cucamonga Redevelopment Agency defeased the following bond issues by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the Agency's financial statements. 1984 Tax Allocation Bonds $ 7,405,000 1986 Tax Allocation Bonds, Series A 31,215,000 1987 Tax Allocation Refunding Bonds, Series A 9,100,000 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, 1991: Outstanding Outstanding July 1. 1990 Additions Reoavments June 30. 1991 Certificates of Participation: Central Park Acquisition $ 5,485,000 $ $ 960,000 $ 4,525,000 Public Improvement Corporation 2.660.000 225.000 2.435,000 Total Certificates of Participation $ 8,145,000 $ $ 1,185,000 $ 6,960,000 Bonds: Tax Allocation Bonds $ 107.780.000 $ $ - $ 107.780.000 Advances from Other Funds (loans between entities): Rancho Cucamonga Redevelopment Agency $ 8,557,620 $ 7,236,424 $ 7,662,084 $ 8,131,960 City of Rancho Cucamonga 4,290,000 2,456,000 6,746,000 $ 12,847,620 $ 9,692,424 $ 7.662,084 $ 14.877.960 Obligation Under Capital Leases $ 602,301 $ $ 222,423 $ 379.878 Accrued Employee Benefits $ 818,061 $ 288.153 $ $ 1,106.214 Total $ 130,192,982 $ 9,980,577 $ 9,069507 $ 131,104,052 39 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 11: Long -Term Debt (Continued) d. The following schedule illustrates the debt service requirements to maturity for bonds and advances outstanding as of June 30, 1991: Fiscal Year Bonds Loans Total 1991-92 $ 9,150,211 $ 15,853,795 $ 25,004,006 1992-93 9,146,403 9,146,403 1993-94 9,144,355 - 9,144,355 1994-95 10,942,235 10,942,235 1995-96 9,646,557 9,646,557 Later years 219.706.420 219.706.420 Total Debt Service $ 267,736,181 $ 15,853,795 $ 283,589,976 Total Interest 152.996.181 975,835 153.972.016 Total Principal $ 114.740.000 $ 14.877.960 $ 129.617.960 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: Oriainal 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 40 NM SI E = M - - - - OM M I= - - - - IS IMO M i, MN E--- OM N UM E-- NM I M SO INN City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 12: Other Special Obligations (Continued) Orialnal Amount 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 18,000,000 Improvement Bonds, Assessment District 84-2 1,716,794 Improvement Bonds, Assessment District 86-2 2,059,352 Rancho Cucamonga Redevelopment Agency: Residential Mortgage Revenue Bonds, 1983 Series A Residential Mortgage Revenue Bonds, 1984 Series A Covina -Rancho Cucamonga -Calexico -Downey Housing Finance Agency, Residential Mortgage Revenue Bonds Certificate of Participation - Kanter and Foothill Property Total Note 13: Interfund Receivables and Payables The individual fund interfund receivable and payable balances at June 30, 1991 are as follows: Due from/to other funds: 36,200,000 21,375,000 22,074,000 3.100,000 $ 216.876.171 Interfund Interfund Receivables Payables General Fund $ 6,650,410 Special Revenue Funds: Gas Tax 719 SR 325 58,637 Park Development Beautification Systems Development 117,816 41 r $ 1,344,842 483,239 1,500,000 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Interfund Interfund Receivables Payables Special Revenue Funds: (Continued) Park Bond Act $ $ 258,945 Drainage Facilities 1,022,470 Pedestrian Grant 6,085 78,926 Federal Aid Urban 179,822 268,814 Community Development Block Grant 29,781 Assessment Administration 37,090 SB 140 328,058 Fire District 4,183 Debt Service Funds: Redevelopment Agency Capital Projects Funds: Assessment District 84-1 Assessment District 86-2 Assessment District 85 -PD Redevelopment Agency Agency Funds: Assessment District 86-2 Assessment District 85 -PD 588,994 15,150 1,497,928 49,016 34.080 1,666,663 25,625 1,200 2,118,521 Total $ 9.183.507 $ 9.183.507 Advances from/to other funds: General Fund $ 5,483,635 $ Special Revenue Funds: SB 325 225,000 Park Development Fund 1,187,870 System Development Fund 65,000 Drainage Facilities Fund 950,455 Federal Aid Urban Fund 120,000 42 NE Nii ow m I um a mi Es m um No. om ims E m am um la P E C 1 A L R E V E N U E F U N This page intentionally left blank. 1.11 N MO I I NM N_ E MN I MN MN• EN City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 13: Interfund Receivables and Payables (Continued) Interfund Interfund Receivables Payables Capital Project Funds: Assessment District 84-1 $ 100,000 $ Redevelopment Agency 6,746,000 Long -Term Debt Account Group: Rancho Cucamonga Redevelopment Agency City of Rancho Cucamonga 8,131,960 6,746,000 Total $ 14.877.960 $ 14 877,960 Note 14: Fund Equity a. Reservation of Fund Balance The City has established certain fund balance reserve accounts to report the amounts in the following funds which represent amounts restricted for a specified purpose or fund balances which are not available for appropriation in future periods. Reserved for Advances to Other Funds: General Fund $ 3,035.000 Special Revenue Funds: SB 325 $ 225,000 Park Development 1,187,870 System Development 65,000 Drainage Facilities 950,455 Federal Aid Urban 120.000 Total Special Revenue Funds $ 2,548,325 43 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Capital Projects Funds: Assessment District: 84-1 $ 100,000 Redevelopment Agency 6.746.000 Total Capital Projects Funds $ 6,846,000 Total Reserve for Advances to Other Funds $ 12.429.325 Reserved for Encumbrances' General Fund $ 1.275,936 Special Revenue Funds: Gas Tax $ 80,704 SB 325 319,898 Recreation 587 Park Development 13,740 Beautification 188,412 Lighting Districts 3,618 Landscape Maintenance Districts 326,691 System Development 665,932 Drainage Facilities 228,445 Federal Aid Urban 385,107 Community Development Block Grant 40,105 Assessment Administration 31,104 SB 140 278,550 Measure I 7.431 Total Special Revenue Funds $ 2.570,324 Capital Projects Funds: Assessment District: 82-1R $ 26,444 84-1 2,065,381 B4-2 580 86-2 9,561 44 = N = I NM 11111 N NM I I N I = I I NM MN I N M OM M MN=- MN N_ I M NM I O- N City of Rancho Cucamonga Notes to Flnanclal Statements (Continued) Note 14: Fund Equity (Continued) Assessment District: (Continued) 85 -PD $ 109,200 89-1 19,928 Redevelopment Agency 5.076,920 Total Capital Projects Funds 7,308,014 Total Reserve for Encumbrances $ 11,154,274 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 Held for Resale: Capital Projects Funds: Redevelopment Agency $ 397897 $ 50,987 $ 90,000 $ 120,000 $ _2,277577 Total Reserved $ 26,520.060 1. Reserve for Advances to Redevelopment Agency This reserve is used to indicate that the long-term portion of Advances to Redevelopment Agency do not represent available, spendable resources even though they are a component of total assets. 45 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) 2. Reserve for Encumbrances Amounts reserved for encumbrances are commitments for materials and services or purchase orders and contracts which are unperformed. 3. Reserve for Land Acquisition This reserve represents amounts specified by the Fire District for future fire station land acquisition. 4. Reserve for Tree Replacement This reserve represents amounts segregated for future tree replacements in Landscape Maintenance Districts of the City. 5. Reserve for Termination Pay Outs This reserve represents amounts segregated to aid in paying termination benefits of Fire District employees (vacation, sick, etc.). 6 Reserve for Radio System This reserve represents amounts segregated to aid in making future lease payments by the Fire District for the radio system described in Note 18 to the financial statements. 7 Reserve for Land Heid for Resale This reserve is used to indicate that land held for resale does not represent available spendable resources even though they are a component of total assets. b. Unreserved - Designations The City has established certain designations to indicate tentative managerial plans or intent. Designated for Self Insurance General Fund $ 994,774 Designated for changes in economic circumstances General Fund 4,157,594 46 INIII 111111 I 111111 EN MN EN I NIIIII NM N N I N INIII MN INN I NE MIEII N--_ MI M I I M NM N I SI OM MI N City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 14: Fund Equity (Continued) Designated for Continuing Projects Capital Projects Funds: Redevelopment Agency Designated for Debt Service Debt Service Funds: Central Park Acquisition $ 648,741 Public Improvement Corporation 288,947 Redevelopment Agency 22.818,441 Total Designated for Debt Service Total Note 15: Restatements and Adjustments 1. General Fund $ 82,064,278 23.756,129 $ 110,972,775 Beginning fund balance has been reduced by $52,983 to move Asset Seizure funds received in prior years from the General Fund to the Special Deposits Fund. 2. Special Revenue Funds Beginning fund balance has been increased by $1,187,870 in the Park Development Fund to abate prior years' expenditures which were reimbursed by the Redevelopment Agency in the current year. Beginning fund balance has been increased by $4,127 in the Fire District Fund to record prior years' corrections of expenditure coding. Beginning fund balance has been increased in the following amounts to abate prior years' street improvement expenditures which were reimbursed by other cities in the current year: Fund Amount SB 325 $ 47,125 Systems Development 70,869 Federal Aid Urban 31.160 Total Special Revenue Funds Adjustment $ t 341,151 47 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 15: Restatements and Adjustments (Continued) 3. Debt Service/Capital Project Funds Recording prior year costs - during the current year, the Agency reimbursed the City for $1,187,870 of costs relating to the Sports Complex Fund which related to services provided and/or payments made on behalf of the Agency In prior years. Since these related to prior year(s) they were recorded as a fund balance adjustment. Fund Debt Service Funds: Redevelopment Agency $ 851,748 Capital Project Funds: Redevelopment Agency 336.122 $ 1.187.870 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 joint powers authority of 22 California cities, for the purpose of pooling the City's risk for general liability losses with those of other member cities. The City's share in the pool was approximately 14.5% as of June 30, 1991. The Governing Board of CMIA is comprised of directors nominated and selected by each member city. Each governing board member has one vote regarding all financial and management issues coming before the board. Summarized financial information of the CMIA for the fiscal year ended June 30, 1991 is as follows: 48 N M - _ - _ a I - - IS E I _ _ N _ M In MN IS MI IS OM_ N MI MN E M M NM MN MI— I I City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 16: Summary Disclosure of Self -Insurance Contingencies (Continued) 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 $ 6,602,276 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 $994,774 is adequate to cover such losses. This designation exceeds the CMIA requirement of three times the City's self -Insured retention. 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. 49 City of Rancho Cucamonga Notes to Financial Statements (Continued) Note 17: Deferred Compensation Tian (Continued) As of June 30, 1991 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 $ 1,760,428 $ 1,760,428 $ 1,760,428 $ 1,760,428 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 turn, to be leased to the Agencies. Series A was issued for $4,050,000 and the equipment acquired will be leased to the City of Chino. Series B was issued for $5,620,000 and the equipment acquired will be leased to the Cities of Ontario and Rancho Cucamonga. 50 M MN M V MO OM MI MS M _ - - MI M _ M MS a M G E N E R A L F U N D This page intentionally left blank. IIIIII MI N N I 1 M OM N I M_ M 1= M_ M N ASSETS Cash and Investments Receivables (net of allowance for uncollectibles): Taxes Accounts Interest Due from other funds Advances to other funds Total Assets LIABILITIES AND FUND BALANCES CITY OF RANCHO CUCAMONGA Schedule 1 BALANCE SHEET GENERAL FUND JUNE 30, 1991 TOTALS June 30, 1991 $ 1,667,983 1990 $ 5,240,394 500,862 386,751 378,238 383,494 214,496 123,398 6,650,410 2,078,670 5,483,635 5,097,166 $ 14,895,624 $ 13,309,873 Liabilities: Accounte payable $ 816,704 $ 987,141 Accrued payroll payable 366,591 317,442 Accrued employee benefits payable - current 455,548 323,067 Due to other funds 1,344,842 388,264 Deferred revenue 2,448,635 2,062,166 Total Liabilities 5,432,320 4,078,080 Fund Balances: Reserves: Reserved for encumbrances 1,275,936 2,220,146 Reserved for advances to other funds 3,035,000 3,035,000 Unreserved: Designated for self-insurance 994,774 583,423 Designated for changes in economic circumstances 4,157,594 1,700,000 Undesignated 1,693,224 Total Fund Balances 9,463,304 9,231,793 Total Liabilities and Fund Balances t 51 $ 14,895,624 $ 13,309,873 CITY OF RANCHO CUCAMONGA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GENERAL FUND FOR THE FISCAL YEAR ENDED JUNE 30, 1991 TOTALS Year ended June30, 1991 1990 Revenues: Taxes $ 10,696,891 $ 9,504,860 Licenses end permits 1,628,195 1,998,471 Fines and forfeits 251,271 308,389 Use of money and property 516,520 608,159 Intergovernmental 4,348,282 3,969,714 Charges for services 1,465,940 2,422,325 Other 5,996,326 468,099 Total Revenues 24.903,405 19,278,017 Expenditures: Current: General government 8,416,527 6,957,792 Public safety 7,311,306 6,933,276 Engineering and public works 6,877,883 6,313573 Community development 3,284,862 3,107,185 Community services 1,014,307 938,553 Capital outlay 2,377,328 Debt service: Principal 116,948 150,813 Interest and fiscal charges 32,319 35,818 Total Expenditures 27,054,152 26,817338 Excess of Revenues over (under) Expenditures (2,150,747) (7.539.321) Other Financing Sources (Uses): Operating transfers in 802,251 989,886 Operating transfers out (823,010) Loan proceeds 2,456,000 Capital lease proceeds - 248,903 Total Other Financing Sources (Uses) 2,435,241 1,238,789 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ 284,494 $ (6,300,532) Fund Balances: Beginning of Fiscal Year - es previously reported $ 9,231,793 $ 15,720,277 Restatement (52.983) (187.952) Beginning of Fiscal Year - as restated 9,178,810 15,532,325 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 284,494 (3300532) Schedule 2 End of Fiscal Year $ 9,463,304 $ 9,231,793 52 En an N n NM MB MB 11111 EN EN N EN 11111 MN 11111 111111 I la I _ I all MI MI I MB S MI a MI a ME MEI OM NM MI S 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 30,1991 Budget TOTALS- Year Ended June 30, 1991 1990 Variance - Favorable Actual (Unfavorable) Actual Revenues: Property taxes S 2,563,700 $ 2,446,699 $ (117,001) $ 2,114,650 Other taxes: Property transfer tax 466,000 232,147 (233,653) 529,282 Transient occupancy tax 2,500 6,658 4,158 4,658 Sales and use taxes 5,088,250 5,729,225 640,975 4,990,040 Admission tax 18,000 17,537 (483) 22,766 Franchise taxes 1,831,860 2,264,625 432,765 1,843,464 Total Taxes 9,970,310 10,696,891 726,581 9,504,860 Licenses and permits: Building permits 2,040,500 867,679 (1,172,821) 1,161,546 Business licenses 918,000 752,631 (165,369) 814,763 Other permits 8,250 7,885 (365) 20,162 Schedule 3 Page 1 of 5 Total Licenses and Permits 2,966,750 1,628,195 (1,338,555) 1,996,471 ,----- Anes, Anes, forfeits and penalties: Court fines 276,310 251,271 (25,0391 308,389 Total Fines and Forfeits 276,310 251,271 (25,039) 308,389 Use of money and property: Interest income 515,000 516,520 1,520 608,159 /� Rent 100 (100) - 0r1 li Total Use of Money and Property $ 515,100 $ 516,520 $ 1,420 $ 808,159 �y I,Id 53 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 30,1991 Budget TOTALS- Year Ended June 30, 1991 1990 Variance - Favorable Actual (Unfavorable) Actual Schedule 3 Page 2 of 5 Intergovernmental: Cigarette tax $ 189000 $ 148,539 $ (40,461) $ 168,036 Motor vehicle In lieu 4,237,380 3,998,948 (238,432) 3,737,175 Trailer coach 6,500 23,738 17,238 39,009 Homeownere exemption and other subvention 7,600 45,064 37,464 23,710 Youth program reimbursements 50,000 66,253 16,253 - State park grants 400,691 64,914 (335,777) - Off-highway motor vehicle 2,200 806 (1.394) 1,784 Total Intergovernmental 4,893,371 4,348,262 (545,109) 3,969,714 -- Charges Charges for services: Plan check fees 1,118,500 356,694 (761,606) 729,905 Planning fees 285,000 92,002 (192,998) 182,314 Engineering fees 2,450,000 961,037 (1,488,963) 1,448,925 Sale of materials 63,910 55,817 (8,093) 61.061 Other charges for services 300 390 90 120 Total Charges for Services 3,917,710 1,465,940 (2,451,770) 2,422,325 Other: Cost reimbursements 906,000 5,708,977 4,802,977 461,815 Miscellaneous revenue 16,700 287,349 270,649 6.484 Total Other 922,700 5,996,326 5,073,826 488,099 /����13�- i Total Revenue $ 23,462,251 $ 24,903,405 $ 1,441,154 $ 19,278,017 - 54 a a MI V MN MO E a NM w MI MI I NM N a e a En M SE MN_ I NB I N MI-_ 1 MN 1• SI UM IN- 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 30,1991 Expenditures: General government: City council City manager Public safety commission City clerk Personnel overhead General overhead Treasurer Administrative services Finance Business licenses Personnel Purchasing Risk management City facilities Total General Government Public safety: Police: Sheriff contract services Emergency preparedness Total Public Safety 55 Budget $ 52,063 494,892 880 256,313 4,309,341 2,336,986 37,137 162,942 556,638 184,235 189,498 145,411 69,869 1,766,046 TOTALS- Year Ended June 30, 1991 Varlance- Favorable Actual (Unfavorable) 1990 Actual $ 44,406 $ 7,657 $ 55,304 368,349 126,543 365,262 690 190 - 242,840 13,473 195,121 3,260,185 1,049,156 2,629,427 2,061,612 275,374 1,401,291 26,335 10,802 920 143,546 19,396 141,718 495,731 60,907 416,984 152,517 31,718 112,562 171,652 17,846 197,594 135,515 9,896 153,856 54,747 15,122 56,197 1,360,491 405,555 1,458,662 10,562,251 8,518,616 2,043,635 7,368,570 277,375 $ 7,645,945 7,074,846 243,173 $ 7,318,019 $ Schedule 3 Page 3 of 5 7,184,898 ✓ 293,724 6,826,979 34,202 226,513 327,926 $ 7,053,492 ✓ 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 30,1991 Budget Schedule 3 Page 4 of 5 TOTALS • Year Ended June 30, 1991 1990 Variance - Favorable Actual (Unfavorable) Actual Engineering and public works: Engineering administration $ 666,285 $ 436,440 $ 229,845 $ 649,374 Development management 1,202,015 1,167,618 34,397 1,175,864 Traffic management 290,212 284,568 5,644 226,101 Project management 109,566 78,127 31,439 38,145 Construction management 459,769 422,625 37,144 399,225 Street and park maintenance 5,959,255 5,547,399 411,856 4,599,247 Total Engineering and Public Works 8.687,102 7,936,777 750,325 7,087,956 Community development: Planning commission 17,300 16,091 1,209 12,965 Administration 321,010 107,827 213,183 100,282 Planning 1,919,452 1,746,513 172,939 1 555166 Historical preservation commission 4,558 3,788 770 3,065 Environmental management commission 3,179 962 2,217 110 Building and safety 1,573,886 1,459,872 114,014 1,512,959 Total Community Development 3,839,385 3,335,053 504,332 3,184,547 Community services: Community services Park and recreation commission Total Community Services Capital outlay 56 1,098,836 1,069,920 2,437 _ 2,436 1,101,273 1 072,356 28,916 1 28,917 939,888 1,741 $ $ $ $ 3,398,331 NM all M MB IS N IS M OM M SIM i IIIIII OM M ell I MI la a a a is am— is an— is no N' on is um in a 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 30,1991 Debt service: Principal Interest and fiscal charges Total Debt Service Total Expenditures Excess of Revenues over (under) Expendltures Other Financing Sources (Uses): Operating transfer in Operating transfer out Loan proceeds Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetray Basis) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Basis) Fund Balances: Beginning of Fiscal Year - as previously reported Restatement Beginning of Year - as restated Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) End of Fiscal Year 57 Budget TOTALS- Year Ended June 30, 1991 Actual Variance - Favorable (Unfavorable) $ 116,948 $ (116,948) 32,319 (32,319) 149,267 (149,267) 31,835,956 28,330,088' 3,505,868 (8,373,705) (3,426,683) 4,947,022 802,251 (1— 802,251 (823,010) (823,010) 4i - 2,456,000 (2- 2,456,000 (823,010) 2,435,241 3,258,251 (9,196,715) (991,442) 8,205,273 1,275,936 1,275,936 $ (9,196.715) $ 284,494 $ 9,481,209 $ 9,231,793 $ 9,231,793 $ (52,983) 9,231,793 9,178,810 (9,196,715) 284,494 $ 35,078 $ 9,463,304 $ (52,983) (52,983) Schedule 3 Page 5 of 5 1990 Actual $ 150,813 35,818 186,631 Y� 3f/eV 29,037,484"�, (9,759,467) G/ 989,886 248,903 1,238,789 (8,520,878) / IrI1','f 4 2,220,148 $ (6,300,532) $ 15,720,277 (187,952) $ 15,532,325 9,481,209 (6,300,532) 9428,226 $ 9,231,793 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 distract. SB 140 Established to account for the revenue and disbursement of State matching funds for the construction of eligible street construction projects. Measure I Established to account for the revenue and disbursement of county/local gasoline tax funds for the construction and maintenance of eligible street projects. Fire District Established to account for the revenue and disbursement of funds received by Rancho Cucamonga Fire Protection District in the course of that agency's fire protection services. CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS .11-1="n •001 Schedule 4 Page 1 of 3 Landscape Park UgMing Maintenance Systems Gas Tax SB 325 Recreation Development Beautification 513 300 Districts Districts DeveloomeM ASSETS Cash and Investments $2,045,424 21,204,058 $ 331,408 $ - $ 450,861 $16,593 $ 687,133 $ 2,934,033 $ 1,621,599 Receivables (net of allowance for uncollectibles): Taxes 16,426 68,117 3,961 16,411 Accounts 2,101 - - Deferred loans - Interest - Grants - 314,947 Uens 17830 - 18,842 Due from other funds 719 58,637 - 117,816 Deposits - 635,000 - - • Advances to other funds 225,000. 1,187,870 65,000 Total Assets $2,082,200 $1,555,812 $ 331,408 $ 1,822,870 $ 450,861 516,593 $ 691,094 $ 2,950,444 $ 2,138204 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 34,268 $ 6,433 $ 37,770 $ 3,544 $ 23,454 $ - $ 73,308 $ 114,241 $ 109,340 Accrued payroll payable 11,817 - 9,471 5,488 2,441 - 8,535 Due to other funds - 483,239 1,500,000 - Due to other governments - - Accrued employee benefits - current - - Deferred revenue 34,970 518865 Total Liabilities 48,083 6,433 47,241 492,271 1.560.865 73,308 114,241 637.740 Fund Balances: Reserves: Reserved for encumbrances 80,704 319,898 587 13,740 188,412 3,616 326,691 665,932 Reserved for advances to other funds 225,000 1,187,870 - 65,000 Reserved for tree replacement - - 50,987 Reserved for land acquisition Reserved for termination pay outs - - Reserved for radio system - - Unreserved: Undesignated 1,955,413 1,004,481 283,580 128,989 (1.298,416) 16,593 814,168 2,458,525 769,532 Total Fund Balances 2,036,117 1,549,379 284,167 1,330,599 (1.110.004) 18,593 817,786 2.838,203 1,500,464 Total Liabilities and Fund Balances $2,082,200 51,555,812 $ 331,408 $ 1,822,870 $ 450.861 $16,593 $ 691,094 $ 2,950,444 $ 2,136204 58 I E- M NM MI OM r E I IIIIII N M MI OM l_ i N-_ MI MD M G MO M INN /I/I a a IS-_ M I ASSETS Cash and Investments S - S 638,776 S - $ 56,135 S Recelvables (net of allowance for uncollectibles): Taxes Accounts - Deferred bane Interest - - Grants 258,945 - Liens - - Due from other funds Deposits - Advances to other funds 950,455 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30, 1991 Community San Sevaine/ Park Bond Drainage Pedestrian Federal Development Assessment Etiwanda Fire Act Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Measure I District Total Assets S 258,945 S 1,589,231 LIABILITIES AND FUND BALANCES UebltHles: Accounts payable Accrued payroll payable Due to other funds Due to other governments Accrued employee benefits - current Deferred revenue Total Liabilities 8,540 72,841 282,397 84,423 6,065 179,822 120,000 S 78,926 $618,354 S 70,963 S 39.068 S 36,545 S 87,881 S 614,006 S 3,287,837 S 35,264 S 36,545 S 3,804 87,681 $ 512,041 S 2,886,979 101,965 367.647 33,212 S - S 10,429 S - S 13,343 S 34,642 S 15,857 S 3,953 S 79,668 S 5,165 S 115706 1,877 - 91 - 23,979 - - - 258,945 1,022,470 78,926 288,814 29,781 37,090 - 328,058 - 4,183 20,455 - 408,111 1,908 6,540 258,945 1 036,684 78,926 302,703 70,963 76.926 3,953 407,724 5.165 529,000 Fund Balances: Reserves' Reserved forencumbrancee 228,445 385,107 40,105 31,104 - 278,550 7,431 Reserved for advances to other funds - 950,455 120,000 Reserved for tree replacement Reserved for land acquisition - - Reserved for termination pay outs - Reserved ler radio system Unreserved: Undesignated (626,353) (189,456) (40,105) (68.962) 32,592 (598.613) 601.410 2,150.940 Total Fund Balances 552,547 315,651 (37.858) 32,592 (320,063) 608,841 2,758.837 Total Liabilities and Fund Balances S 258,945 S 1,589,231 S 78,926 5618,354 S 70,963 S 39,060 S 36,545 S 87,661 S 614,006 S 3,287,837 397,897 90,000 120,000 59 Schedule 4 Page 2 of 3 CRY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS JUNE 30,1991 TOTALS June 30, 1991 1990 ASSETS Cash and investments $ 13,456,848 5 18,199,318 Receivables (net of allowance for uncollectibles): Taxes 208,880 14,808 Accounts 373,552 182,912 Deferred loans 6,540 - Interest 33,212 223,288 Grants 1,061,214 005,127 Liens 38,372 48,070 Due from other funds 363,079 326,958 Deposits 635,000 635,000 Advances to other funds 2,548,325 3,360,455 Total Assets 518,721,022 921,895,736 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ 682,117 9 1,062,895 Accrued payroll payable 63,699 135,885 Due to other funds 4,011,506 1,225.939 Due to other governments 20,455 - Accrued employee benefits • current 408,111 338,182 Deferred revenue 563,283 556,743 Total Liabilities 5,749,171 3,319,024 Fund Balances: Reserves: Reserved for encumbrance Reserved for advances to other funds Reserved for bee replacement Reserved for land acquisMon Reserved for termination pay outs Reserved for redo system Unreserved: Undesignated Total Fund Balances Total Liabilities end Fund Balances 2,570,324 7,438,267 2,548,325 1,360,455 50,987 45.825 397,897 358,986 90,000 120,000 7,194,318 9,374579 12,971,851 18,576,112 $ 18,721,022_ $ 21,895,736 00 Schedule 4 Page 3 of 3 s MI NM I Oa a a IS IS a MINI MIN M IS a MI MI SO NM _ Mill MI IIIII el - O all _ VIII WIN _ _ sMIR - _ e CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Landscape Park Lighting Maintenance Systems Gas Tax SB 325 Recreation Development Beautification SB 300 Districts Districts Development Revenues: Taxes $ - $ - $ $ $ - $ - $ 448,840 $ 1,794,410 $ Use of money and property 151,512 141,967 73,136 5,273 1,578 61,070 238,154 51,050 Intergovemmental 1,645,077 817,657 - - - - - 455,381 Charges for services - - 599,703 - . Development fees - - 267,702 529,370 - 1,143,288 Other 47,125 85 155.419 Total Revenues 1,796,589 1,006,749 599,703 340,838 534,728 1,578 509,910 2,032,564 1,805,118 Expendltures: Current: Genera! government - - - - - 385,947 - Engineering and public works 387.840 118.319 313,759 - - - 444,412 Community development - - - - - - 1,230,019 Community services - 574.408 1,219,400 Public safety - fire protection - - - - - - Capital outlay 411 220 1,138,797 1,955 3,868.321 861,205 - 2,063,290 Debt service: Principal 39,270 - - - r Interest and fiscal charges 8,490 - Total Expenditures 846,820 1,257,116 576,363 5,087.721 1,174,964 385,947 1.230,019 2,507,702 Excess of Revenues over (under) Expenditures 949,769 (250,367) 23,340 (4,746,883) (640,236) 1,578 123,963 802,545 (702.584) Other Financing Sources (Uses): Operating transfers In - 1,512 Operating transfers out - (1,612,074) Total Other Financing Sources (Uses) (1,812,074) - 1,512 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses $ 949,769 $ (250,367) $ 23 340 $ (6,358,957) $ (640,236) $ 1,578 $ 123,963 $ 802,545 $ (701.0721 Fund Balances: Beginning of Fiscal Year- as previously reported 51,088,348 $1,752621 $ 260,827 $ 6,501,688 $ (469,768) $ 15,015 $ 493,823 $ 2,033,658 $ 2,130,667 Restatement 47,125 - 1,187,870 70,869 Beginning of Fiscal Year - as restated 1,088,348 1,799,746 260,827 7,689,556 (469,768) 15,015 493,823 2,033,658 2,201,536 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses 949,769 (250,367) 23,340 (6,358,957) (640,236) 1,578 123,963 802,545 1701,0721 End of Fiscal Year 52,036,117 $1,549,379 $ 284,167 $ 1,330,599 $ (1,110,004) $ 16,593 $ 617,786 $ 2,836,203 $ 1.500,464 61 Schedule 5 Page 1 of 3 Revenues: Tales Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current: General govemment 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 Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expendi- tures end Other Uses Park Bond Act E 810 810 810 810 E Fund Balances: Beginning of Fiscal Veer - as previously reported $ Restatement Beginning of Fiscal Veer - es restated Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses End of Fiscal Veer E CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Community San Sevalne/ Drainage Pedestrian Federal • Development Assessment Etiwanda Fire Facilities Grants Aid Urban Block Grant Administration Drainage SB 140 Measure 1 District E - $ 288 275,549 275,837 203,450 1.190,569 1,394,019 (1,118,182) - E - E 127,174 285,510 $ - $ 25,130 1,087,654 127,174 285,510 1,112,784 $ 87,681 5803,236 $8,429,131 208,780 526,219 131,982 70,490 87,861 803,236 7,365,602 1,203,933 53 37,447 111,473 193,082 109,739 407,724 92,428 148,920 285,510 1,313,672 19,054 7,002,548 232,710 86,203 102,613 53 407,724 251,764 7,171,384 (21,748) (200,888) (53) (320,063) 551,472 20,759 (1,512) 194,238 19,247 $ (1,118,182) $ - $ (2,499) $ $ (200,888) $ (53) 5(320,063) $551,472 $ 194,238 $ 1,870,729 $ - $ 286,990 $ - $ 163,030 $ 32,645 $ - $ 57,369 $ 2,560,472 31,160 - 4,127 1,670,729 - 318,150 - 163,030 32,645 57,369 2,564,599 (1,118,182) (2,499) - (200,888) (53) (320,063) 551,472 194,238 $ 315,851 $ $ (37,858) $ 32,592 5(320,063) 5608,841 $ 2,758,837 $ 552,547 $ 82 Schedule 5 Page 2 of 3 S NM - On N MI M N--- M- s a/ n M a a a M .IM ■III a r a MO a a NM MB lilt MIR S MI MIMI N CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL SPECIAL REVENUE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 TOTALS Year ended June 30, 1991 1990 Revenues: Taxes $ 9,474,817 $ 5,159,171 Use of money and properly 957,938 1,719,695 Intergovemmental 3,945,489 8,727,339 Charges for services 731,685 616,041 Development fees 3,303,543 5,118,328 Other 273,119 49,938 Total Revenues 18,886,391 19,390,512 Expenditures: Current: General govemment 1,589,933 1,318,042 Engineering and public works 1,524,281 778,369 Community development 1,322,447 1,232,087 Community services 1,793,808 499,834 Public safety- fire protection 7,002,548 5,306,337 Capital outlay 10,590,895 12,210,308 Debt service: Principal 105,473 Interest and fiscal charges 111,103 94,128 Total Fxpendltures 24,040,488 21,439,105 Excess of Revenues over (under) Expenditures (5,354,097) (2,048,593) Other Financing Sources (Uses): Operating transfers In 22,271 237,774 Operating transfers out (1,613,586) (2,645,532) Total Other Financing Sources (Uses) (1,591,315) (2,407,758) Excess of Revenues and Other Sources over (under) Expendl- tures and Other Uses $(6,945,412) $ (4,456,351) Fund Balances: Beginning of Fiscal Year- as previously reported 518,578,112 $ 22,548,440 Restatement 1,341,151 484,023 Beginning of Fiscal Veer- as restated 19,917,263 23,032,463 Excess of Revenues and Other Sources over (under) Expendi- tures end Other Uses (6,945,412) (4,456,351) End of Fiscal Year $12,971,851 $ 18,578,112 63 Schedule 5 Page 3 of 3 Revenues: Taxes Use of money and property IMergovemmental Charges for seMces Development fees Other Total Revenues Expenditures: Current: General government Engineering and public wort® Community development Community seMces Public safety • fire protection Capital outlay Debt service: Principal Interest and fecal 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) 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 Restatement Beginning M 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 30,1991 GAS TAX SB325 Violence - Favorable Budget Actual (Unfavorable) Budget Actual $ - $ - $ • $ - $ - 50,700 151,512 100,812 58,560 141,987 1,697,110 1.645,077 (52.033) 815,000 817,657 47.125 1,796,589 48,779 873,580 1,006,749 1,747,810 RECREATION Variance- Variance - Favorable Favorable (Unfavorable) Budget Actual (Unfavorable) $ $ $ $ 83,407 2.657 - - 598,672 599,703 1,031 47,125 133,189 598,872 599,703 1,031 400,490 488,544 (88,054) 93,680 118,319 (24,639) - . - - 571,320 574,995 (3,675) 389,908 411,220 (21,312) 1,508,615 1,458,695 49,920 1,960 1,955 5 39,270 39,270 8,490 8,490 838,158 927,524 (69,386) 1,602,295 1,577,014 25,281 573,280 576,950 (3,670) 909,852 869,065 (40,587) (728,735) (570,265) 158,470 25,392 22,753 (2,839) 909,652 889,065 (40,587) 80,704 80,704 $ 909,852 $ 949,769 $ 40,117 $1,088,348 51,088,348 $ 1,086,348 1,086,348 909,652 949,769 40.117 51,996,000 62,036,117 $ 40,117 64 (728,735) (570,285) 158,470 25,392 22,753 (2,639) 319,898 319,898 587 587 $ (728,735) $ (250,387) $ 478,368 $ 25,392 $ 23,340 $ (2,052) $ 1,752,821 $1,752,621 $ - $ 260,827 $ 260,827 $ 47,125 47,125 - 1,752,621 1,799,748 47,125 280,827 260,827 (728,735) (250,367) 478,368 25,392 23,340 (2,052) $ 1,023,886 $1,519,379 $ 525,493 $ 286,219 $ 284,167 $ (2,052) Schedule 6 Page 1 of 6 11111--_ N r I r_- i MI M- s_- s 11111 I N_ M, i MI MI Le-_ s s a a-- Me -I Revenues: Taxes Use of money end property Intergovernmental Charges for services Development fees Other Total Revenues Expendttures: 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 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 Restatement 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, 1991 PARK DEVELOPMENT BEAUTIFICATION Variance- Variance - Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ - $ $ - $ $ • $ 298,400 73,136 (225,264) 5,273 2,865,650 267,702 (2,597,948) 158,493 529,370 370,877 85 85 3,184,050 340,838 (2,823,212) 158,493 534,728 378,235 LIGHTING DISTRICTS Variance - Favorable Budget Actual (Unfavorable) - $ 490,140 $448,840 $ (41,300) 5,273 25,130 61,070 32,940 1,238,110 1,219,400 16,710 284,944 313,758 (28,814) 5,244,390 3,882,061 1,382,329 1,051,312 1,049,618 1,694 6,480,500 5,101,461 1,379,039 1,338,256 1,363,376 (21,120) (3,318,450) (4,780,623) (1,444,173) (1,177,763) (828,648) 349,115 (1,812,074) (1,612,074) (1,612,074) (1,612,074) (4,928,524) (8,372,697) 13,740 (1,444,173) (1,177,783) (828,648) 349,115 13,740 188,412 188,412 $ (4,928,524) $ (6,358,957) $ (1,430,433) $ (1,177,783) $ (640,236) $ 537,527 $ 6,501,686 $ 6,501,688 $ - $ (469,768) $ (489,768) $ 1,187,870 1,187,870 - 6,501,666 7,689,556 1,187,870 (469,788) (469768) (4,928,524) (6,358,957) (1,430,433) (1,177,763) (640,236) $ 1,573,162 $ 1,330,599 $ (242,563) $ (1,647,531) 5 (1,110,004) 65 518,270 509,9t0 (8,360) 389,303 389,565 (20,262) 389,303 389,585 (20,282) 148,987 120.345 (28,622) 148,967 120,345 (28,622) 3,618 3,619 $ 148,967 $123,963 $ (25,004) $ 493,823 $493,823 $ 493,823 493,823 537,527 148,967 123,963 (25,004) $ 537,527 $ 642,790 $617,786 $ (25,004) Schedule 6 Page of 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, 1991 Schedule 6 Page 3 of 6 LANDSCAPE MAINTENANCE DISTRICTS SYSTEMS DEVELOPMENT DRAINAGE FACILMES Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Rudest Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes 91,406,370 S 1,794,410 S 388,040 $ - $ - $ - $ - $ - $ Use of money and property 130,430 238.154 107.724 40,000 51.050 11,050 7,000 288 (6,712) Intergovernmental - - - 455,381 455,381 - Chargee for services - - Development lees 897,537 1,143,288 445.731 145.142 275,549 130.407 Other - 155,419 155.419 - - - Total Revenues 1,538,800 2.032,584 495,784 737,537 1.805,118 1067.581 152,142 275,837 123.695 Expenditures: Current: General government Engineering and public worts - - - 522,050 444,412 77,838 238,982 203,450 35,512 Community development 2,302.422 1,556,710 745,712 - - - Community cervices - - Public safety - fire protection - - - - - Capital outlay 39,970 39,970 3,311,143 2,729,222 581,921 1,488,587 1.419,014 87,573 Debt service: Principal Interest end fiscal charges Total Expenditure. 2,342,392 1,558,710 785.682 3,833,193 3,173,634 659.559 1,725,549 1,622,464 103,085 Excess of Revenues over (under) Expenditures (805,592) 475,854 1281,448 (3,095,656) (1,368,516) 1.727.140 (1,573,407) (1,346,627) 226,780 Other Financing Sources (Use.): Operating transfers In 1,512 1.512 Operating transfers out TotalOtherFinancing Sources (Uses) 1,512 1,512 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (805,592) 475,854 1,281,448 (3.094.144) (1,387,004) 1,727,140 (1,573.407) (1,348,627) 226,780 Adjustments: To adjust for encumbrances 326,891 326,891 6885,932 865,932 228.445 228,445 Excess of Revenues and Other Sources over (under) Expenditures end Other Uses (GAAP Basis) $ (805,592) $ 802545 91608,137 $(3,094,144) $ (701,072) $ 2.393.072 $(1.573,407) $ (1,118,162) $ 455,225 Fund Balances: Beginning of Fiscal Year - as previously reported $2,033.658 $ 2.033,658 S $ 2130,687 $ 2,130.667 $ - $ 1,870,729 $ 1,870,729 $ Restatement - 70,869 70,869 Beginning of Fbeal Year - as restated 2,033,658 2,033,658 2,130,687 2,201,538 10,869 1,670,729 1,670,729 Excess of Revenues and Other Sources over (under) Expendltures and Other Uses (GAAP Basis) (805,592) 802,545 1,608,137 (3,094,144) (701,072) 2,393,072 (1,573,407). (1,118,182) 455,225 End of Fiscal Year 51,228,066 $ 2,838,203 S 1,608,137 $ (963,477) 91.500,484 $ 2.483.941 $ 97,322 $ 552,547 $ 455,225 66 s _ sus - e - e• rs a asp s• _ s• ma as a r a as• MI MI I ME SE wa a in e N a N i f/ la NM IS MN ONO 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 30,1991 FEDERAL AID URBAN COMMUNITY DEVELOPMENT BLOCK GRANT ASSESSMENT ADMINISTRATION Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable Budget Actual (Unfavorable) Revenues: Taxes $ - $ $ $ - $ - $ - $ • $ - $ - Use of money and property - - - - • 25,130 25,130 Intergovernmental 659,331 127,174 (532,157) 409,154 285,510 (123,844) - - - Charges for services - - - - - - Development fees - - 920,590 1,087,654 167,064 Other TotalRevenues 659,331 127,174 (532,157) 409,154 265,510 (123,644) 920,590 1,112,784 192,194 Expenditures: Current: General govemment - - - - • 1,215,629 1,235,037 (19,408) Engineering and public works 44,989 37,447 7,542 - - - - Community development - 146,090 113,476 32,614 Community services - -• - Publicsatety - fire protection - - - - - Capital outlay 617,000 496,500 120,420 205,860 212,139 (6,479) 5,640 109,739 (104,099) Debt service: Principal Interest and fiscal charges Total Expenditures 661,989 534,027 127,962 351,750 325,615 26,135 1,221,269 1,344,776 (123,507) Excess of Revenues over (under) Expenditures (2,658) (406,853) (404,195) 57,404 (40,105) (97,509) (300,679) (231,992) 68,687 Other Financing Sources (Uses): Operating transfers In 20,759 20,759 - Operatlngtransfersout (1,512) (1,512) Total Other Financing Sources (Uses) 19,247 19,247 - - Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) 16,589 (387,606) (404,195) 57,404 (40,105) (97,509) (300,679) (231,992) 68,687 AdJustmenls: To adjust for encumbrances 385,107 385,107 40,105 40,105 31,104 31,104 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) $ 16,589 $ (2,499) $ (19,088) $ 57,404 $ - $ (57,404) $(300,679) $(200,698) $ 99,791 Fund Balances: Beginning of Fiscal Year - es previously reported $ 286,990 $ 288,990 $ - $ $ $ $ 163,030 $ 163,030 $ Restatement - 31,160 31,160 - - - BeglnningofFlxalYear- as restated 286,990 318,150 31,160 - 163,030 163,030 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) 16,589 (2,499) (19,088) 57,404 (57,404) (300,679) (200,886) 99,791 End of Fiscal Year $ 303,579 $ 315,851 $ 12,072 $ 57,404 $ $ (57,404) $(137,649) $ (37,858) $ 99,791 67 Schedule 6 Page 4 of 6 Revenues: Taxes Use of money and properly Intergovernmental Charges for services Development fees Other Total Revenues Expendttures: Current: General government Engineering end 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 Total Other Financing Sources (Uses) Excess of Revenues end Other Sources over (under) Expenditures and Other Uses (Budgetary Baste) Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures end Other Uses ((MAP Basis) Fund Balances: Beginning of Fiscal Year - es previously reported Restatement Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources - over (under) Expenditures and Other Use (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, 1991 8B140 MEASUREI Variance - Favorable Budget Actual (Unfavorable) Budget Actual $ • $ $ $ 1,688,197 $ 803,236 1,252,421 87M61 (1,164,780) 1,252,421 87,661 (1,184,780) 1,6888197 803,236 80,154 19,054 1,250,000 6888,274 563,726 250,530 240,141 1,250,000 685,274 583,728 310,884 259,195 2,421 (598,613) (601,034) 1,377,513 544,041 FIRE DISTRICT Variance- Variance - Favorable Favorable (Unfavorable) Budget Actual (Unfavorable) $ (884,961) $ 4,857,109 $ 6,426,131 $ 1,571,022 • 126,957 208,760 81,823 - 1,753,497 526.219 (1,227,278) • 158,825 131,982 (28,643) 6,500 _ 70,490 63,990 (884,861) 6,902,688 7,365,602 482,914 41,100 10,389 7,607,784 7,002,548 66,203 66,203 102,613 51,489. _ 7,673,987 7,171,384 (833,472) (771,299) 194,238 605,238 (102,613) 502,823 985,537 2,421 (598,613) (601,034) 1,377,513 544,041 (833,472) (771,299) 194,238 965,537 278,550 275,550 7,431 7,431 $ 2,421 $ (320,063) $ (322,484) $ 1,377,513 $ 551,472 $ (826,041) $ (771,299) $ 194,238 $ 965,537 $ $ $ $ 57,369 $ 57,389 $ - $ 2.560,472 $ 2,560,472 $ 4,127 4,127 2,560,472 2,564,599 4,127 57,389 57,369 2,421 (320,063) (322,484) 1,377,513 551,472 $ 2,421 $ (320,063) $ (322,484) $ 1,434,882 $ 608,841 68 (826,041) (771,299) 184,238 965,537 $ (826,041) $ 1,789,173 $ 2,758,637 $ 989,664 Schedule 6 Page 5 of 6 11.11 N E r_ 11111- 1-- SI 1111- n 11111-- N MI m on m ma me m a r la m mooromm omm is am ma S: Revenues: Taxes Use of money and property Intergovernmental Charges for services Development fees Other Total Revenues Expenditures: Current: General govemment 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 Total Other Financing Sources (Uses) Excess of Revenues end 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 (OMP Basis) Fund Balances: Beginning of Fiscal Year • as previously reported Restatement Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (OAAP 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 30,1991 TOTALS- Year Ended June 30, 1991 1990 Variance - Favorable Budget Actual (Unfavorable) Actual $ 8,441618 $ 9,474,817 740,177 956,360 6,586,513 3,944,679 757,297 731,885 4,787,412 3,303,543 6,500 273,119 $ 1,032,801 218,183 (2,641,834) (25,612) (1,483,869) 266,819 $ 5,159.171 1,719,695 6,669,970 1,811,873 3,889,851 49,938 21,319,715 18,684,003 (2,635,712) 19,300,498 1,584,932 1,645,269 2,448,512 1,807,430 7,607,784 15,362,715 105,473 8,490 30,570605 (9,250,890) 1,624,602 1,604,984 1,670,188 1,794,395 7,002,548 12,696,658 105,473 111,103 28,609,949 (7,925,948) (39,870) 40,285 778,326 13,035 805,236 2,666,057 1,410,505 778,369 1,475,963 503,746 5,306,337 19,302,964 (102,613) 94,128 3,960656 28,872,014 1,324,944 (9,571,516) 22,271 22,271 - 237,774 (1,813,586) (1,613,586) (2,645,532) (1,591,315) (1,591,315) - (2,407 758) (10,842,205) (9,517,261) 1,324,944 (11,979,274) 2,570,324 2,570,324 7,436,267 $(10,842,205) $ (6,946,937) $ 3,895,268 $ (4,543,007) 18,528,452 18,528,452 1,341,151 18,528,452 19,869,803 $ 1,341,151 1,341.151 $ 22,548,440 480,685 23,029,105 (10,842,205) (6,948,937) 3,895,268 (4,543,007) $ 7,686,247 $ 12,922,606 $ 5,230,419 $ _ 18,486,098 69 Schedule 6 Page of This page intentionally left blank. 77 D E B T S E R V 1 C E F U N D This page intentionally left blank. DEBT SERVICE FUNDS Central Park Acquisition Fund To accumulate monies for payment of $6,390,000 Certificate of Participation, California Cities Financing Corporation, 1988 Series B. Financing is provided through lease revenue from the City of Rancho Cucamonga and investment income. Public Improvement Corporation Fund To accumulate monies for payment of $2,875,000 Certificate of Participation, Rancho Cucamonga Park Improvement Corporation. Financing is provided through lease revenue from the City of Rancho Cucamonga and investment income. Redevelopment Agency Fund To accumulate monies for payment of the following: $8,131,960 loans to City of Rancho Cucamonga payable as funds become available to the Agency; $107,780,000 Tax Allocation Bonds due in annual installments through September 1, 2020. All tax increments received are placed in this fund and are used to retire debt (bonded or loans from the City) in accordance with the Health and Safety Code. ASSETS Cash and investments Cash and Investments with fiscal agent Receivables (net of allowance for uncollectibles): Taxes Due from other funds Due from other governments Total Assets LIABILITIES AND FUND BALANCES UabIlitles: 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 Schedule 7 COMBINING BALANCE SHEET ALL DEBT SERVICE FUNDS JUNE 30,1991 Central Public Park Improvement Acquisition Corporation a • $ 648,741 288,947 $ 648,741 $ 288,947 648,741 288,947 648,741 288,947 $ 648,741 $ 288,947 70 Redevelopment Agency TOTALS June 30, 1991 1990 a 3,300,403 a 3,300,403 s 2,324,945 19,340,031 20,277,719 39,194,648 439,883 588,994 439,883 588,994 207,964 664,167 5,000 X669,311 a 24606,999 $ 42,396,724 s $ 15,150 15,150 635,720 835,720 850.870 850.870 $ 498,270 1,034,078 1,671,440 3.203.788 22,818,441 23,756,129 40,865,091 22,818,441 23,756,129 40,864,376 $ 23,669,311 $ 24,606,999 $ 44,068,164 I 1 11111 I = I MI I M I I MI MB = 11111 NM NMI MI ME I MN M--- E NM= MN 1 1 I I INN Revenues: Taxes Use of money and property Total Revenues Expendttures: 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 Proceeds from Issuance of bonds Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses Fund Balances: Beginning of Fiscal Year - as previously reported Restatement of prior year expenditures Beginning of Fiscal Year - as restated Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL DEBT SERVICE FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Central Public Park Improvement Redevelopment Acquisition Corporation Agency $ 49,002 49.002 $ 21,782 21,782 1,138,830 225,000 150,722 177,971 1,289,552 402,971 (1,240,550) (391,189) 1,231,593 380,481 x231593 380,481 $ (8,957) $ (708) $ 657,698 $ 289,655 657,698 289,655 (8,957) End of Fiscal Year $ 648,741 71 (708) $ 288,947 TOTALS Year ended June 30, 1991 1990 $ 17,563,734 $ 17,563,734 $ 13,922,638 2,540,884 2,611,668 1,488,942 20,104,618 20,175,402 15,411,580 2,163,339 2,163,339 1,559,386 6,180,012 7,543,842 57,057,640 7,456,778 7,785,471 2,691,025 15,800,129 17.492,652 61,308,051 4,304,489 2,682,750 (45,896,471) 1,612,074 14,192,270 (20,551,323) (20,551,323) (14,429,010) • 76,237,147 (20,551,323) (18,939,249) 76,000,407 $ (16,246,834) $ 39,917,023 (851,748) 39,065,275 $ (16,256,499) $ 30,103.936 $ 40,864,376 $ 10,760,440 (851,748) 39,065,275 10,760,440 (16,246,834) (16,256,499) 30,103,936 $ 22.818,441 $ 23,756,129 $ 40,864,376 Schedule 8 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, 1991 Schedule 9 Page 1 of 4 CENTRAL PARK ACQUISITION PUBLIC IMPROVEMENT CORPORATION REDEVELOPMENT AGENCY Variance- Variance- Variance - Favorable Favorable Favorable Budget Actual )Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable) Revenues: Taxes $ - $ - $ • $ - $ - $ - $ 16,205,674 6 17,563,734 6 1,358,060 Use of money and property 60,060 49,002 (11,058) 41,000 21,782 (19,218) 39,720 2,540,884 2,501,164 Total Revenues 60,060 49,002 (11,058) 41,000 21,782 (19,218) 16,245,394. • 20,104,618 3,859,224 Expenditures: Current: General government • 2,837,295 2,163,339 673,956 Debt service: Principal 1,138,830 1,138,830 225,000 225,000 - 4,656,657 6,180,012 (1,523,355) Interest and fiscal charges 149,070 150,722 (1,852) 177,235 177,971 (736) 7,456,778 7,456,778 - Total Expenditures 1,287,900 1,289,552 (1,652) 402,235 402,971 (736) 14,950,730 15,800,129 (849,399) Excess of Revenues over (under) Expenditures (1,227,840) (1,240,550) (12,710) (361,235) (381,189) (19,954) 1,294,664 4,304,489 3,009,825 Other Financing Sources (Uses): Operating transfers In 1,231,593 1,231,593 380,481 380,481 412,990 (412,990) Operating transfers out - (20,551,323) (20,551,323) Proceeds from Issuance of bonds - - - Total Other Financing Sources (Uses) 1,231,593 1,231,593 380,481 380,481 412,990 (20,551,323) (20,964,313) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses $ 3,753 $ (8,957) $ (12,710) $ 19,246 $ (708) $ (19,954) $ 1,707,654 $ (16,248,834) $ (17,954,488) 72 IIIII M I M N I UM E IIIII M 1 MI E NM IS IS IIIIII I I N N S MN INN I I EN I I- I• _ M MN N EN 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 30,1991 Schedule 9 Page 2 of 4 CENTRAL PARK ACOUISmON PUBLIC IMPROVEMENT CORPORATION REDEVELOPMENT AGENCY Variance- Variance- Varlance- Favorable Favorable Favorable Budget ActualUnfavorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) Fund Balances: Beginning of Fiscal Year - as previously reported $ 657,698 $ 657,698 $ - $ 289,655 $ 289,655 $ - $ 39,917,023 $ 39,917,023 $ Restatement of prior year expenditures - - - (851,748) (851,748) Beginning of Fiscal Year - as restated 657,698 657,698 - 289,655 289,655 - 39,917,023 39,065,275 (851,748) Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uees 3,753 (8,957) (12,710) 19,246 (708) (19,954) 1,707,654 (16.246,834) (17,954,488) End of Fiscal Year $ 661.451 $ 648,741 $ (12,710) $ 308,901 $ 288,947 $ (19,954) $ 41,624,677 $ 22,818,441 $ (18,806,236) 73 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, 1991 TOTALS • Year Ended June 30, 1991 1990 Variance - Favorable Budget Actual (Unfavorable) Actual Revenues: Taxes $ 16,205,674 $ 17,563,734 $ 1,358,060 $ 13,922,838 Use of money and properly 140.780 2,811.688 2,470,888 1.488,942 Total Revenues 16,346,454 20,175.402 3,828,948 15,411,580 Expenditures: Current: General govemmeM 2,837,295 2,163,339 (673,956) 1,559,386 Debt service: Principal 8,020,487 7,543,842 1,523,355 57,057,640 Interest and fiscal chargee 7,783,083 7.785,471 2,388 2,691,025 Total Expenditures 16,640,865 17.492,652 851,787 81,308,051 Excess of Revenues over (under) Expenditures (294,411) 2,682,750 2,977,161 (45,896,471) Other Financing Sources (Uses): Operating transfers in 2,025,064 1,812,074 (412,990) 14,192,270 Operating transfers out (20,551,323) (20,551,323) (14,429,010) Proceeds from issuance o1 bonds 76,237,147 Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expenditures and Other Uses 2,025,064 (18,939,249) (20,964,313) 76,000,407 $ 1,730,653 $ (16,256,499) $ (17,987,152) $ 30,103,936 74 Schedule 9 Page 3 of 4 N 11111 111111 I N I 1110 I E I MN M N EN EN 1 NM 111111 INN 11111 EN= NE— 11 N= In ES _' I MB all N E 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 30,1991 Budget TOTALS- Year Ended June 30, 1991 1990 Verlance- Fevorable Actual (Unfavorable) Actual Fund Balances: Beginning of Fiscal Year - as previously reported $ 40,864,376 $ 40,864,376 $ - $ 10,760,440 Restatement of prior year expenditures (851,748) (651,748) - Beginning of Fiscal Year - as restated 40,864,376 40,012,628 (851,748) 10,760,440 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses 1,730,653 (18,256,499) (17,987,152) 30,103,936 End of Fiscal Year $ 42,595,029 $ 23,756,129 $ (18,838,900) $ 40,864,376 75 Schedule 9 Page 4 of 4 This page intentionally left blank. A P 1 T A L P R 0 J E C T S F U N 1 in S This page intentionally left blank. CAPITAL PROJECTS FUNDS Assessment District 82 -IR Fund Established to account for the receipt and disbursement of funds used in the construction of streets, storm drainage and utility improvements within the project area. Financing was provided by the sale of bonds under the Refunding Act of 1984 for 1915 Improvement Act Bonds. Assessment District 84-1 Fund Established to account for the receipt and disbursement of funds used in the construction and installation of public capital drainage facilities, together with appurtenant work and incidental expenses, to serve and provide drainage protection to property located within Community Facilities District No. 84-1 ( Day Creek Drainage System). Financing was provided by the sale of bonds under the Mello -Roos Community Facilities Act of 1982. Assessment District 84-2 Fund Established to account for the receipt and disbursement of funds used in the construction of certain public works of improvement, together with appurtenances and appurtenant work, including acquisition where appropriate, in Special Assessment District No. 84-2 (Alta Loma Channel Improvement). Financing was provided by sale of bonds under the Improvement Bond Act of 1915. Assessment District 86-2 Fund Established to account for the receipt and disbursement of funds used in construction and acquisition of drainage improvements together with appurtenances and appurtenant work, acquisition of real property, if necessary, and incidental expenses within the Assessment District No. 86-2. Financing was provided by the sale of limited obligation bonds under the Improvement Bond Act of 1915. Assessment District 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. M- In S I N I M M M_-- M' N M NM M M ASSETS Cash and investments Cash and Investment with fiscal agent Investment. land held for resale Receivables (net of allowance for uncollectible): Taxes Accounts Interest Due from other funds Deposits Advances to other funds Total Assets LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Deposits Due to other funds Due to other governments Deferred revenue 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 82-1 R CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL CAPITAL PROJECTS FUNDS JUNE 30,1991 84-1 Assessment Districts 84-2 86-2 85 -PD 89-1 $478 682 $ 1,909,927 $ 69,020 6327,045 $ 321,584 $ 100,000 Redevelopment Agency 17 $ 82,244,467 • 6,557,148 2,277,577 $478,682 $ 2,009,927 $ 69,020 _$327,045. $ 321,584 $ $ - $ - $ - . - 3,864 1,666,663 $ $ 25,625 1,200 550 1,666,663 3,864 25,625 1,200 26,444 2,065,381 580 9,561 109,200 100,000 451,688 (1,822,117) 64,576 291,859 211,184 478,132 343,264 65,156 301,420 320,384 6478,682 $ 2,009,927 $ 69,020 $327,045 $ 321,584 76 109,971 612 452,944 1,497,928 25,000 6,746,000 Schedule 10 TOTALS June 30, 1991 1990 $ 85,350,742 6,557,148 2,277,577 109,971 612 452,944 1,497,928 25,000 6,846,000 $ 75,599,959 7,948,235 61,982 26,315 405,999 1,833,719 4,390,000 17 $ 99,911.647 $ 103,117,922 $ 90,264,209 $ 12,305 40,500 52,805 19,928 $ 1,134,643 $ 1,148,946 44,364 2,118,521 3,812,009 493,708 493,708 3,746,872 5,076,920 6,746,000 2,277,577 82,064,278 (72,716) 5,497,579 7,308,014 6,846,000 2,277,577 $ 2,211,522 44,364 3,190,077 5,447,617 4,990,545 4,390,000 82,064,278 75,436,047 (675,526) (52,788) 96,164,775 97,620,343 84,816,592 $ 17 $ 99,911,647 $ 103,117,922 $ 90,264,209 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 Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers in Operating transfers out Loan proceeds Total Other Financing Sources (Uses) Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses Fund Balances: Beginning of Fiscal Year - as previously reported Restatement of prior year expenditures 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 Schedule 11 COMBINING STATEMENT OF REVENUES, EXPENDITURES Awn _ ___ mi CLIIJ f OSA 1I AIVIES ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Assessment Districts 82-1R 84-1 84-2 86-2 $ - $ - $ • $ - 45,618 118,281 6,792 32,080 85 -PD $ - '$ 35,394 45,618 118,281 6,792 32,080 35,394 24,570 13,498 30,168 5,797 1,345 30,367 14,843 30,168 TOTALS Redevelopment Year ended June 30, 89-1 Apency 1 9 91 1 9 9 0 $ 4,390,932 $ 4,390,932 $ 4,546,907 6,912,957 7,151,122 5,654,664 46,273 46,273 2,289 11,350,162 11,588,327 10,203,860 3,712,141 53,072 31,290 20,195,778 2,168,541 31,290 26,129,532 15,251 118,281 (8,051) 1,912 35,394 (31,290) (14,779,370) 3,712,141 2,055,691 121,308 232,097 2,542,811 20,234,210 16,396,655 2,168,541 468,489 26,236,200 21,697,743 (14,647,873) (11,493,883) 20,551,323 20,551,323 9,898,642 • (8,244,030) 7.236,423 7,236,423 31,114,081 27,787,746 27,787,746 32,768,693 $ 15,251 $ 118,281 $ (8,051) $ 1,912 $ 35,394 $(31,290) $ 13,008,376 $ 13,139,873 $ 21,274,610 $ 462,881 $ 224,983 462,881 224,983 $ 73,207 $299,508 $284,990 $ (21,498) $ 83,492,521 $ 84,816,592 $ 63,541,782 (336,122) (336,122) - 73,207 299,508 284,990 (21,498) 83,156,399 84,480,470 63,541,782 15,251 118,281 (5,051) $ 478,132 1,912 35,394 (31,290) 13,008,376 13,139,873 21,274,810 $ 343,264 $ 65,156 6301,420 $320,384 $(52,788) $ 96,164,775 $ 97,620,343 $ 84,816,592 77 11111 Se 1111 N 11111 N 111111 all MI NM EN EN MN M NS MS 11111 1111 M= M OM MI SE- N W I I M- _ NIB la a a M 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, 1991 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 Taxes $ - $ - $ - $ - $ - $ - $ - $ $ Use of money and property - 45,618 45,618 190,810 118,281 (72,329) - 6,792 6.792 Other - - - - - -- Total Revenues 45,618 45,618 190,610 118,281 (72,329) - 6,792 8,792 Expenditures: Current: General government - - - _ - - - - Engineedng and public works 81,431 24,570 56,861 - 16,000 13,498 2,502 Community development - - - - - - - • Capital outlay 431,430 32,241 399,189 2,065,381 2,065,381 - 4,000 1,925 2,075 Debt service:- - - - - Principal - - Total Expenditures 512,861 56,811 456,050 2,065,381 2,065,381 20,000 15,423 4,577 Excess of Revenues over (under) Expenditures (512,861) (11,193) 501,668 (1,874,771) (1,947,100) (72,329) (20,000) (8,631) 11,369 Other Financing Sources (Uses): Operating transfers in - Operating transfers out - - - - Proceeds from Issuance of bonds - _ Loan 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 26,444 28,444 2,065,381 2,065,381 - 580 580 Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GAAP Basis) $(512,881) $ 15,251 $ 528,112 $(1,874,771) $ 118,281 $ 1,993,052 $ (20,000) $ (8,0.51) $ 11,949 Fund Balances: Beginning of Fiscal Year - as previously reported $ 462.881 $462,881 $ $ 224,983 $ 224,983 $ • $ 73,207 $ 73,207 $ Restatements - - - - - - - (512,861) (11,193) 501,668 (1,874,771) (1,947,100) (72,329) (20,000) (8,631) 11,369 Beginning of Fiscal Year - as restated 462,881 482,881 224,983 224,983 73,207 73,207 Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses (512,861) 15,251 528,112 (1,874,771) 118,281 1,993,052 (20,000) (8,051) 11,949 End of Fiscal Year $ (49,980) $478,132 $ 528,112 $(1,649,788) $ 343,264 $ 1,993,052 $ 53,207 $ 65,156 $ 11,949 78 CITY OF RANCHO CUCAMONGA COMBINING SCHEDULE OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCES PIIRH:PT ANI] AfTtIAt (Rt1nfFTAf4V RA Ist AU. CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Schedule 12 Page 2 of 3 ASSESSMENT DISTRICT 86-2 ASSESSMENT DISTRICT 85 -PD ASSESSMENT DISTRICT 89-1 Variance- Variance- Variance - Favorable Favorable Favorable Revenues: Budget Actual (Unfavorable) Budget Actual(Unfavorable) Budget Actual (Unfavorable) Taxes S - S - S • S - S - S - S - S S Use of money and property - 32,080 32,080 35394 35,390 - Other - - - Total Revenues 32,080 32,080 35,394 35,394 Expendhures: Current: General government - - - - - - Engineedngandpublicworlm 33,000 30,188 2,832 Community development - - - Capital outlay 9,561 9,561 141,635 109,200 32,435 52,482 51,218 1,264 Debt service: - - Principal Total Expenditures 42,561 30,168 , 12,393 141.635 109,200 32,435 52,482 51,218 1,264 Excess of Revenues over (under) Expenditures (42,561) 1,912 44,473 (141,635) (73,806) 87,829 (52.482) (51,218) 1,264 Other Financing Sources (Uses): Operating transfers In Operating transfers out Proceeds from Issuance of bonds - Loan proceeds Total Other Financing Sources (Uses) Excess of Revenues end Other Sources over (under) Expenditures and Other Uses (Budgetary Basis) (42,561) 1,912 44,473 (141,635) (73,806) 67,629 (52,482) (51,218) 1,264 Adjustments: To adjust for encumbrances Excess of Revenues and Other Sources over (under) Expenditures and Other Uses (GMP Basis) S (42,561) S 1,912 S 44,473 S (141,6351 S 35,394 S 177,029 S (52,482) S (31,290) S 21,192 109,200 109,200 19,928 19,926 Fund Balances: Beginning of Fiscal Vear • as previously reported $ 299508 S 299,508 S S 284,990 S 284,990 S S (21,498) S (21,498) S Restatements - Beginning of Racal Year - as restated 299,508 299,508 - 284,990 284,990 (21,498) (21.498) Excess of Revenues and Other Sources over (under) Expendi- tures and Other Uses (42,581) 1,912 04,473 (141,635) 35,390 177,029 (52,482) (31,290) 21,192 End of Fiscal Year $ 256,947 S 301,420 S 44,473 S 143.355 S 320,384 S 177,029 S (73,980) S (52,788) 79 S 21,192 11111 11111 111111 SIB INS 11111 MN NMI NM NMI EN NM NIS INN EN - MS 11111 - OM= M I= IS OM IS M MI- M IS N I N E M 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 Total Expenditures Excess of Revenues over (under) Expenditures Other Financing Sources (Uses): Operating transfers in Operating transfers out Proceeds from issuance of bonds Loan 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 (OAAP Basis) Fund Balances: Beginning of Fiscal Year - as previously reported Restatements Beginning of Fiscal Vear - 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 BUDGET. AND ACTUAL (BUDGETARY BASIS) ALL CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1991 REDEVELOPMENT AGENCY Variance - Favorable Budget Actual (Unfavorable) Budget E 4,021,259 E 4590,932 E 369,873 E 4,021,259 6,912,957 6,912,957 190,610 48,273 46,273 4,021,259 11,350 162 7,328,903 3,669,816 3,712,141 (42,325) 2,796,830 53,072 2,743,758 43,770,153 25,272,698 18,497,455 2,689,942 2,188,541 501,401 52,906,741 31,206,452 21,700,289 (48.585,482) (19,856,290) 29,029192 44,681,458 20,551,323 (24,110,135) 2,985,446 _ 7,236,423 4,250,977 47,846,904 27,787,746 (19,859,158) (1,238,578) 7,931,458 9,170,034 5,076,920 5,078,920 E (1,238,578) $ 13,008,376 S 14,248,954 E 83,492,521 E 83,492.521 S - (336,122) (336,122) 83,492,521 83,156,399 (336.122) TOTALS- Year Ended June 30. 1991 Schedule 12 Page 3 of 3 1990 Variance - Favorable Actual (Unfavorable) Actual E 4,390,932 E 369,673 E 4,546,907 7,151,122 6,960,512 5,157,335 48,273 46,273 2,289 4,211,869 11,588,327 7,376,458 9,706,531 3,669,816 3,712,141 (42,325) 2.055,691 2,927,281 121,308 2,805,953 2,781,232 62,145 46,474,642 27,532,663 18,941,979 16,222,828 2,669,942 2,168.541 501,401 468,489 55,741,681 33,534,853 22,207.008 21,590,385 (51,529,792) (21,946,326) 29,583,466 (11,883,854) 20,551,323 20,551,323 9,898,642 (8,214,030) 24,891,441 2,985,446 7,236,423 4,250L977 8,222,640 2,985,446 27,787,716 24,802,300 32,768,693 (48,544,346) 5,841,420 54,385,766 20,884,839 7,298,453 7,298,453 2,269,970 $ (48,544,346) S 13,139,873 $ 61,684,219 E 23,154,809 S 84,816,592 84,816,592 (1,238,578) 13,008,376 14,246,954 (48,544,346) E 82,253,943 E 96,164,775 E 13,910,832 E 36,272,246 80 $ 84,816,592 E • $ 61.661,783 (336,122) (338,122) - 84,480,470 (336,122) 61,661,783 13,139,873 61,684,219 23,154,809 E 97,620.343 $ 61,348,097 E 64,816,592 This page intentionally left blank. 71 I N T E R N A L S E R V I C E F U N Lii.D This page intentionally left blank. 1111111 IIIIII M I M la M E M_ M M- N r X NM MN I CITY OF RANCHO CUCAMONGA Schedule 13 BALANCE SHEET INTERNAL SERVICE FUND JUNE 30,1991 ASSETS Cash and Investments Accounts receivable Interest receivable Deposits with trustee Fixed assets - net book value TOTALS June 30, 1991 1990 $ 1,712,896 $ 1,632,854 752 16,990 15,000 15,000 573,309 478,613 Total Assets $ 2,301,205 $ 2,144,209 LIABILITIES AND FUND EQUITY UabllMles: Accounts payable $ 72,398 $ 40,727 Accrued payroll payable 5,620 5,611 Capital leases payable 92,685 111,686 Total Liabilities 170,703 158,024 Fund Equity: Retained earnings: Unreserved 2,130,502 1,986,185 Total Fund Equity 2,130,502 1,986,185 Total Liabilities and Fund Equity $ 2,301,205 $ 2,144,209 81 This page intentionally left blank. F 1 D U C 1 A R Y 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 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 AGENCY FUNDS Special Deposits Fund Established to account for all deposits held by the City in its fiduciary capacity. Deferred Compensation Fund Established to account for employee -deferred earnings restricted to be paid at a later date to said employee upon termination or retirement from the City of Rancho Cucamonga. Assessment District 82 -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. 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. ASSETS Cash and investments Receivables (net of allowance for uncollectibles): Accounts Interest Taxes Due from other funds Total Assets LIABILITIES AND FUND BALANCES CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 1 1 Schedule 14 TOTALS Special Deferred Assessment Districts June 30, Deposits Compensation 82-1R 84-1 84-2 86-2 85 -PD 88-2 1991 1990 $ 5,832,500 $ 1,760,428 $ 2,079,615 $ 2,019,465 $ 310,170 $ 513,029 $ 970,622 $ 432,247 $ 13,918,076 $ 12,055,622 53,099 - 53,099 - • 36,180 18,237 1,548 5,010 1,851 18,148 230 45,024 20,686 49,016 34,080 - 83,096 934,844 $ 5,885,599 $ 1,760,428 $ 2,097,852 $ 2,021,013 $ 315,180 $ 563,896 $ 1,022,850 $ 432,477 $ 14,099,295 $ 13,047,332 Liabilities: Deposits $ 5,885,599 $ - $ - $ - $ - $ - $ - $ - S 5,885,599 S 5,998,027 Deferred compensation payable - 1,760,428 - - - 1,760,428 1,436,730 Bond Issue pledged revenue • 2,097,852 2,021,013 315,180 563,896 1,022,850 432,477 6,453,268 5,612,575 Total Liabilities $ 5,885,599 $ 1,760,428 $ 2,097,852 $ 2,021,013 $ 315,180 $ 563,896 $ 1,022,850 $ 432,477 82 $ 14,099 295 $- $ 13,047,332 IIIII INS _ MI I 1111111 _ _ 111111 IIIIII MIS _ SIN 111111 NIB MI _ M M a M__ M M N w M a_ MS a -_- M CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1991 Balance Balance July 1. 1990 Additions Deletions June 30, 1991 SPECIAL DEPOSITS Assets: Cash and Investments $ 5,998,027 $ 1,159,495 $ 1,325,022 $ 5,832,500 Accounts receivable 53099 - 53,099 Total Assets $ 5,998,027 $ 1,212,594 $ 1,325,022 $ 5,885,599 Debilities: Deposits $ 5.998.027 $ 1,212,594 $ 1,325022 $ 6,885,599 DEFERRED COMPENSATION Assets: Cash and Investments $ 1,436,730 $ 523,882 $ 200,184 $ 1.760,428 liabilities: Deferred compensation payable $ 1,436,730 $ 523,882 $ 200,184 $ 1,760,428 ASSESSMENT DISTRICT 82-1R Assets: Cash and Investments $ 1,875,087 $ 954,722 $ 750,194 $ 2,079,615 Accounts receivable Interest receivable - 19,512 19,512 Taxes receivable 2,619 18,237 2,619 18,237 Total Assets $ 1,897,218 $ 972,959 $ 772,325 $ 2,097,852 UabIIHles: Bond Issue pledged revenue $ 1.897,218 $ 972,959 $ 772,325 $ 2,097,852 ASSESSMENT DISTRICT 84-1 Assets: Cash and Investments $ 1,035,048 $ 1,993,644 $ 1,009,227 $ 2,019,465 Interest receivable 10,770 10,770 - Taxes receivable 5,692 1,548 5,692 1,548 Due from Redevelopment Agency 851,748 - 851,748 Total Assets $ 1,903,258 $ 1,995,192 6.1,877,437 $ 2,021,013 UebIINles: Bond issue pledged revenue $ 1,903,258 $ 1,995,192 $ 1,877,437 $ 2,021,013 83 Schedule 15 Page 1 of 3 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30,1991 Balance Balance July 1, 1990 Additions Deletions June 30, 1991 ASSESSMENT DISTRICT 84-2 Assets: Cash and Investments $ 289,750 $ 206,193 $ 185,773 S 310,170 Interest receivable 3,015 - 3,015 Taxes receivable 3.159 5.010 3,159 5,010 Total Assets $ 295.924 $ 211,203 $ 191,947 $ 315,180 Liabilities: Bond Issue pledged revenue $ 295.924 $ 211,203 $ 191,947 $ 315,180 ASSESSMENT DISTRICT 86-2 Assets: Cash and Investments $ 456,266 $ 259,351 $ 202,588 $ 513,029 Accounts receivable - Interest receivable - Taxes receivable 1,550 1,851 1,550 1,851 Due from other funds 49,016 - 49,016 Total Assets $ 506632 $ 281,202 $ 204,138 $ 563,896 Liabilities: Bond Issue pledged revenue 506,832 261.202 204,138 563,896 ASSESSMENT DISTRICT 85 -PD Assets: Cash and Investments $ 769,277 $ 1,400,493 $ 1,198,148 $ 970,622 Interest recelable 2,797 2,797 Taxes receivable 7,092 18,148 7,092 18,148 Due from other funds 34,080 - 34,080 Total Assets $ 812,248 $ 1,418,641 $ 1,208,037 $ 1,022,850 Liabilities: Bond Issue pledged revenue $ 812,246 $ 1,418,641 $ 1,208,037 $ 1,022,850 84 Schedule 15 Page 2 of 3 INN N 111111 M al 111110 N NS N 1111111 NM NM MI 11111 N 111111 NS M NS i riMiMili G E N E R A L F 1 X E D A S S E TLS This page intentionally left blank. IIIII II Mi - SI I NM MO MI M In e all N MI ION IS INN CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS FOR THE FISCAL YEAR ENDED JUNE 30, 1991 Balance Balance July 1, 1990 Additions Deletions June 30, 1991 ASSESSMENT DISTRICT 88.2 Assets: Cash and Investments $ 196,437 $ 254742 $ 18,932 $ 432,247 Interest receivable 86 86 Taxes receivable 574 230 574 230 Total Aseete $ 197,097 $ 254,972 $ 19,592 $ 432,477 WbII111es: Accounts payable $ $ 1,484 $ $ 1,484 Deposits . Bond Issue pledged revenue 197,097 253,488 19,592 430.993 $ 197,097 $ 254,972 $ 19,592 $ 432,477 TOTALS ALL AGENCY FUNDS Assets: Cash and Investments $ 12,055,622 $ 6,752,522 $ 4,890,088 $ 13,918,076 Accounts receivable 53,099 53,099 Interest receivable 36,180 36,180 Taxes receivable 20,686 45,024 20,686 45,024 Due from other funds 83,096 - 83,096 Due from Redevelopment Agency 851,748 851,748 Total Assets $ 13,047,332 $ 6,850,645 $ 5,798,682 $ 14,099,295 UablllSet: Accounts payable $ • $ 1,484 $ - $ 1,464 Deposits 5,998,027 1,212,594 1,325,022 5,885,599 Deferred compensation payable 1,436,730 523,882 200,184 1,780,428 Bond issue pledged revenue 5,812,575 5,112,685 4,273,476 6,451,784 Total liabilities $ 13,047,332 $ 6,850,645 $ 5,798,882 $ 14,099,295 85 Schedule 15 Page 3 of 3 This page intentionally left blank. NM NM_ I E MI MI NM_ N. MN ■N a NMI CITY OF RANCHO CUCAMONGA STATEMENT OF GENERAL. FIXED ASSETS JUNE 30,1991 General Fixed Asserts: Land Building Improvements Improvements other then buildings Equipment and vehicles Furniture and fixtures Construction In progress Total General Fixed Assets Investment In General Fixed Assets $ 39,702,493 21,933,584 5,962,337 6,098,219 2,844,341 16,722,559 $ 95,263,513 $ 95263513 Schedule 16 CITY OF RANCHO CUCAMONGA Schedule 17 SCHEDULE OF GENERAL FIXED ASSETS gY eLrurnnu ANIN ACTrvmr JUNE 30, 1991 Improvements Equipment Furniture Buildings other than and and Function and ActMty Land Improvements Buildings Vehicles Fixtures Total General Government: City manager $ $ $ $ 14,275 $ 619 $ 14,894 Personnel - 9,182 2,214 11,396 City clerk 79,922 9,835 89,757 Administrative services 293,557 8,088 301,645 Planning 149,244 5,334 154,578 Building and safety 150,834 4,266 155,100 General city facilities 1,003,281 680,716 270,590 37,383 1,991,950 Assessment administration 9,789 412,272 710 422,771 Total 1,003,261 690,505 1,379,876 68,449 3,142,091 Public Safety 268,640 6,265 274,905 Engineering and Public Works 617,402 485,503 2,454,907 7,960 3,545,772 Community Services 26,013,940 1,900,767 5,906,626 176,536 283.514 34.281,383 Community Redevelopment 12,052,378 18,094,209 55,711 1,608,804 2,534,259 34,345,361 Fire Protection 15,512 848,842 2,153,351 3,017,705 Total General Fixed Assets Allocated to Functions 39,702,493 21,999,826 5,962,337 8,042,114 2,900,447 78,607,217 Construction In Progress Total 16,856,296 $ 95,263,513 87 al MI a NIP M - a 111111a NB I - EMI M En - M r = STATISTICAL SECTION This page intentionally Left blank. 1.111 I M E NM I I— — E-- r. e M E Fiscal Yea r General Government Public Safety EXHIBIT 1 GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1) Last Ten Fiscal Years Engineering Community Public Works Development Community Public Safety Debt Capital TOTAL Services Fire Protection Service Outlay 1981-82 (2) 2,397,097 2,413,992 4,312,563 316,177 - 68,716 9,508,545 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 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 15,797,059 7,311,306 8,523,472 4,607,309 2,808,115 7,002,548 17,863,697 30,825,105 94,738,611 (1) (2) (a) Includes all governmental fund types - General, Special Revenue, Debt Service and Capital Projects Funds Beginning fiscal year 1981-82, the data presented represents all City activities for which the City Council has oversight responsbilities with the exception of the Rancho Cucamonga Fire District which became a component unit July 1, 1989, and for which only 1988-89 and current data was available. 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 88 Fiscal Year 1981-82(2) 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 (1) (2) (3) Taxes & Licenses & Assessments Permits 3,345 4,210 5,440 6,814 12,326 16,877 21,503 27,187 33,133 42,126 ,523 ,654 ,863 ,554 ,906 ,008 ,933 ,188 ,576 ,174 1 3 3 3 2 2 1 1 Inter- governmental EXHIBIT 2 GENERAL GOVERNMENT REVENUE BY SOURCE (1) Last Ten Fiscal Years Charges for Use of Money Fines & Services and property Forfeitures Development Fees Other 474,793 2,880,986 1,456,192 912,734 123,989 5,297 655,278 3,156,781 2,278,338 2,113,655 132,327 848,000 228,408 ,302,362 3,014,847 4,779,923 1,198,562 115,272 2,030,281 ,328,761 4,108,452 4,459,816 1,888,460 147,100 134,498 ,833,519 3,891,343 2,372,990 3,735,938 147,743 7,085,930(3) 485,614 ,388,450 2,790,180 3,141,610 5,905,621 184,847 5,243,109 90,135 ,548,542 5,336,914 3,656,466 5,845,097 256,861 9,245,745 4,210,787 ,902,943 8,453,551 4,601,110 8,593,643 264,831 8,828,353 2,413,640 ,996,471 10,697,053 4,234,198 8,974,131 308,389 3,922,496 520,326 ,628,195 8,293,751 2,197,625 11,237,248 251,271 3,303,543 6,315,718 Total 9,199,514 13,623,441 17,882,110 20,881,641 33,879,983 37,620,960 52,603,345 63,245,259 63,786,640 75,353,525 Includes all governmental fund types - General, Special Revenue, Debt Service and Capital Projects Funds. Beginning fiscal year 1981-82, the data presented represents all City activities for which the City Council has oversight responsibilities. Classified as Charges for Services prior to fiscal year 1985-86. Source: Annual Audit Report m■ Es la me um -- M M ili■ OM NM I MI I= MI MI MI OM I-- M-- 1 M OM M--- N MN= MO Fiscal Year Secured Property Public Utility 1981-82(2) 1,412,737,197 180,686,750 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 Note: As (1) (2) (3) 1,552,756,169 184,209,640 1,567,696,310 202,136,680 1,598,947,266 208,023,560 1,853,061,958 212,438,710 2,678,753,824 311,258,610 3,276,453,488 311,545,190 3,842,089,811 6,603,300 4,663,645,245 6,744,546 5,577,509,385 15,093,655 of 1981-82, assessed valuation Total Secured 1,593,423,947 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 is based on 100 EXHIBIT 3 CITY OF RANCHO CUCAMONGA ASSESSED VALUATION OF ALL CITY PROPERTY LAST TEN FISCAL YEARS Unsecured Property 86,325,665 101,767,808 114,035,078 112,420,166 103,129,894 151,427,130 175,043,138 212,624,063 251,517,317 303,321,685 percent of Total 1,679,749,612 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 Full Cash Value 1,679,749,612 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 Property Homeowners Business Exemptions Exemption Inventory Exemption 6 ,227 ,155 6,635,231 9,861,572 9,586,512 11,199,039 - (3) 82,426,620 83,043,407 83,443,173 85,013,309 88,979,788 95,133,356 - (3) 102,509,009 - (3) 113,470,203 - (3) 119,705,841 - (3) 125,618,428 full market value, rather than 25 percent, as in prior years. Net Taxable Value 1 ,591,095 ,837 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 Changes in State Law mandated a 100 percent exemption of assessed valuation Beginning in fiscal year 1981-82, 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 1989-90 data was available. New report format for the County of San Bernardino precludes this category Source: County of San Bernardino Auditor -Controller 90 EXHIBIT 4 CITY OF RANCHO CUCAMONGA PROPERTY TAX LEVIES AND COLLECTIONS Total Tax Percent of Levy Fiscal Year Total Tax Levy Collection Collected 1981-82 816,516 669,836 82 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 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 91 IMMI 1.11 M = I NM NM MN IIM MN = MN MI 11111 E MO NIM N I N M-- M-- E= E M I MN N_--- MI EXHIBIT 5 PROPERTY TAX RATE - ALL OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS Schools County Cucamonga Tax Rate Tax Rate County W.O. Metropolitan Water District Chino Basin City of Rancho Cucamonga Total Tax Municipal W.D. Tax Rate Rate Tax Rate 1981-82 (1) .0687 1.000 .0200 .0211 .0130 .0493 1.1721 1982-83 .0817 1.000 .0181 .0189 .0118 .0493 1.1798 1983-84 .0732 1.000 .0184 .0258 .0113 .0493 1.1780 1984-85 .0539 1.000 .0121 .0174 .0099 .0493 1.1426 1985-86 .0394 1.000 .0106 .0164 .0087 .0493 1.1244 1986-87 .0361 1.000 .0111 .0148 .0071 .0493 1.1184 1987-88 .0471 1.000 .0145 .0164 .0066 .0493 1.1339 1988-89 .0407 1.000 .0141 .0110 .0046 .0493 1.1197 1989-90 .0435 1.000 .0164 .0121 .0038 .0493 1.1251 1990-91 .0566 1.000 .0156 .0097 .0033 .0493 1.1345 (1) For fiscal years 1981-82 and thereafter, assessed valuation of property is stated at 100% of market value, formerly 25%. In years prior to this, 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 92 Fiscal Year 1981-82 1982-83 1983-84 1984-85 1985-86 (1) 1986-87 1987-88 1988-89 1989-90 1990-91 EXHIBIT 6 CITY OF RANCHO CUCAMONGA SPECIAL ASSESSMENT COLLECTIONS Current and Prior Ratio of Total Assessments Assessments Collections Outstanding Due Collected to Amount Due Current & Delinquent Assessments 2,796,594 3,393,052 3,575,299 3,304,823 3,619,774 3,565,936 (1) Formation of Special Assessment Districts Source: Finance Division, Resource Center 2,770,682 3,393,052 3,451,700 3,216,001 3,599,088 3,520,912 99.07% 100.00% 96.54% 97.31% 99.43% 98.74% 25,912 123,599 88,822 20,686 45,024 ma I — u — — — — — ill al mu um u — — _ s - N- -- NM M-_- E NE= N-_ E E MI I EXHIBIT 7 CITY OF RANCHO CUCAMONGA DIRECT AND OVERLAPPING BONDED DEBT 1990-91 Assessed Valuation: $5,895,924,725 DIRECT AND OVERLAPPING BONDED DEBT: % Applicable Debt 6/30/91 San Bernardino County Building Authorities 7.926% 24,270,173 San Bernardino County Free Library Authority 10.932 53,020 Metropolitan Water District 0.546 3,822,109 Chino Basin Muni. Water Dist. Certificates of Part. 18.952 4,912,358 Chino Basin Municipal Water District Authority 18.952 680,377 Chaffey Jt. Union High School District Certificates of Participation 38.239 3,867,875 Alta Loma School District 98.941 5,402,179 Central School District 98.135 19,847,804 Cucamonga School District & C. 0. P. 73.543 & 39.954 7,446,822 Cucamonga County Water District 82.148 735,225 Cucamonga County Water District, I.D. 01963-1 97.313 384,386 Cucamonga County Water District, I.D. 02 100. 15,000 Cucamonga County Water District, I.D. 05 87.457 4,302,884 Rancho Cucamonga Redevelopment Agency 100. 107,780,000 Etiwanda School Dist. Cert. of Participation 81.725 1,328,031 Etiwanda School Dist. Community Facilities Dist. 01 100. 7,285,000 Other School Dist. & Certificates of Participation Various 98,518 City of Rancho Cucamonga Certificates of Participation 100. 6,960,000 City of Rancho Cucamonga Community Fac. Dist. 084-1 100. 16,450,000 City of Rancho Cucamonga 1915 Act Bonds 100. 13,790,000 TOTAL GROSS DIRECT AND OVERLAPPING BONDED DEBT $229,431,761 Less: Cucamonga County Water District, I.D. 02 (100% self-supporting) (15.000) TOTAL NET DIRECT AND OVERLAPPING BONDED DEBT $229.416,761 Source: California Municipal Statistics, Inc. 94 Direct Debt Total Gross Debt Total Net SHARE OF AUTHOR Metropolitan Alta Loma Sc Cucamonga Sc 0.24% 3.27% 3.27% IZED AND UNSOLD Water District hool District hool District STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/91: BONDS: $ 273,000 $ 6,925,870 $ 299,678 $ 9,076,650 EXHIBIT 8 CITY OF RANCHO CUCAMONGA Legal Debt Margin (General Obligation Bonds) June 30, 1991 Assessed valuation $ 5,895,924,725 Debt limit - 15% of assessed valuation $ 884,388,708 Amount of debt applicable to debt limit: Total bonded debt $ 0 Other debt 0 Less assets in Debt Service Fund available for payment of principal $ 0 $ 0 Legal debt margin $ 884,388,708 Source: Finance Department Note: The City has no general obligation bonds outstanding; however, revenue bond indebtedness has been issued by the Rancho Cucamonga Redevelopment Agency. See Direct and Overlapping Bonded Debt for information on these bonds. MN N MN M 1 9_ M 1 11111 11111 NM I In E M N MB NM M=--- I NM N---- M- I MN EXHIBIT 9 CITY OF RANCHO CUCAMONGA BUILDING PERMITS Number of Permits Issued 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 July 402 244 669 1,102 993 1,773 1,425 1,232 428 418 August 340 301 831 543 726 1,587 1,769 1,751 459 327 September 351 177 701 778 741 1,064 1,547 1,373 351 192 October 230 222 785 665 1,149 2,219 1,084 1,941 512 328 November 186 429 456 541 676 1,126 837 1,470 358 274 December 188 211 283 437 1,007 1,289 848 1,068 268 303 January 150 205 387 918 871 1,742 973 1,448 337 228 February 177 183 533 879 888 1,455 1,246 1,167 359 317 March 321 299 470 1,122 1,033 1,775 1,820 1,689 410 257 April 305 415 475 1,106 1,736 1,468 1,225 1,649 396 335 May 282 539 1,130 980 1,389 1,294 1,708 1,927 372 313 June 307 687 1,429 1,005 1,720 1,577 1,981 1,964 408 312 TOTAL 3,239 3,912 8,149 10,076 12,929 18,369 16,463 18,679 4,658 3,604 Source: Building & Safety Division 96 EXHIBIT- 10 CITY OF RANCHO CUCAMONGA CONSTRUCTION ACTIVITY BUILDING PERMIT VALUATION 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 July 2,111,896 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 August 697,993 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 September 1,462,426 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 October 8,346,268 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 November 604,786 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 December 2,368,541 280,557 4,410,307 34,605,218 27,198,114 25,215,286 12,117,584 16,056,186 10,147,202 23,805,734 January 482,708 839,542 6,725,715 19,387,782 18,631,075 30,521,731 11,568,702 24,774,598 15,816,216 10,283,180 February 534,729 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 March 2,118,103 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 April 5,577,759 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 May 800,634 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 June 1,591,932 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 TOTAL 26,697,775 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 Source: Building 8 Safety Division 97 1111110 IM IIIIII I OM N I M I M MN NM NM I- = 1 M N MN N I ME- I MI N I,INN EXHIBIT 11 CITY OF RANCHO CUCAMONGA DEMOGRAPHIC STATISTICS Average Annual San Bernardino City Population City Population County as Percent Year Population Percent Changes Population of County 1982 58,592 3.4% 954,451 6.2% 1983 59,832 2.1 985,880 6.1 1984 61,658 3.1 1,014,481 6.1 1985 64,479 6.2 1,053,771 6.2 1986 73,842 12.8 1,110,500 6.6 1987 80,420 8.9 1,167,175 6.9 1988 94,614 17.7 1,202,695 7.9 1989 104,727 9.5 1,286,210 8.1 1990 114,954 9.8 1,423,800 8.1 1991 104,887 (8.7) 1,471,300 7.1 Source: (1) U.S. Bureau of Census, California Department of Finance (2) City of Rancho Cucamonga, Planning Department 98 (1) Based on sales tax revenues. Source: State Board of Equalization Note: EXHIBIT 12 CITY OF RANCHO CHCAMONGA PRINCIPAL TAXPAYERS (1) June 30, 1991 TYPE OF BUSINESS Department Stores Contractors Grocery Stores Liquor Heavy Industrial Fast Food Light Industrial/Printers Service Stations Electrical Equipment Restaurants Beer and Wine Specialty Stores 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. 99 11•11 MIN 11111 111111 11111 111S M 1 NM N — — — I M — — — — — — — —' — — I M MI Coverage Auto Insurance Lease/Purchase Vehicles Only Auto Insurance Owned Vehicles Only Boiler & Machinery Policy Crime Policy Employee Surety Liability Insurance Excess Liability Property Insurance Special Events Workers Compensation Maximum Coverage $ 100,000 $ 100,000 $20,000,000 $ 100,000 $ 5,000,000 $ 5,000,000 EXHIBIT 13 PURCHASED INSURANCE POLICIES AS OF NOVEMBER 19, 1991 Company Employers Mutual 9X6-15-68---910 Self -Insured The Continental Insurance Company Aetna Life & Casulty 86 BY 100524391 BCA California Municipal Insurance Authority Lexington Insurance 556-8833 Premium/Expiration One-year policy Expires 9/8/92 $39,648.00 annual premium Reserve set-up to pay claims Three-year policy Expires 10/31/93 $3,207.00 annual premium Three-year policy Expires 6/1/92 $1,335.00 annual premium Three-year policy Expires 7/1/92 $378,810 annual premium, Public Officials Insurance included, Self-insurance retention of $100,000 on each liability claim Co. One-year policy Expires 7/1/92 $49,020 annual premium Varies with value of Employers Mutual Casualty contents for each 9A6-15-68-91 location Source: Risk Management Division $ 2,000,000 CNA Ins. Company G300521143 California Municipal Insurance Authority XD -082 100 One-year policy Expires 9/8/92 $28,584.78 annual premium One-year policy Expires 1/1/92 $1,000 annual premium One-year policy Expires 7/1/92 $209,948.47 annual premium EXHIBIT 14 rTTV DF PANfNn rlIrAMONGA MISCELLANEOUS STATISTICAL INFORMATION Date of Incorporation November 22, 1977 Type of City General Law Form of Government Council Manager Area 37 Square Miles Population 104,887 Number of Street Lights 6,574 Miles of Streets 438 Number of Signals 72 Fire Protection: Rancho Cucamonga Fire District Number of Stations Number of Firefighters and Officers Police Protection Contracted with San Bernardino County Number of Stations Number of Sworn Officers 3 58 1 74 Recreation and Culture: Number of Parks 18 with 183 acres Source: Community Development Department, Community Services Department 101 1111 1111 1111 1111 1111 1111 1111 1111 1111 11111 1111 1111 1111 1111 1111 1111 1111 1111 1110