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FOR FISCAL YEAR ENDED JUNE 30, 2015
City of Rancho Cucamonga, California
Comprehensive Annual Financial Report
Year Ended June 30, 2015
Prepared by the
City of Rancho Cucamonga
Finance Department
Tamara L. Layne
Finance Director
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CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
TABLE OF CONTENTS
INTRODUCTORY SECTION
Letterof Transmittal ............................................................ ...............................
CityOfficials ........................................................................ ...............................
OrganizationChart .............................................................. ...............................
Certificate of Achievement for Excellence in Financial Reporting .....................
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT .............................. ...............................
MANAGEMENT'S DISCUSSION AND ANALYSIS ............ ...............................
BASIC FINANCIAL STATEMENTS
Government -Wide Financial Statements:
Statement of Net Position ...................................... ...............................
Statement of Activities ............................................ ...............................
Fund Financial Statements:
Balance Sheet - Governmental Funds ................... ...............................
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position ............................ ...............................
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds ........................... ...............................
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities ............................................ ...............................
Statement of Net Position - Proprietary Funds ...... ...............................
Statement of Revenues, Expenses and Changes in Fund
Net Position - Proprietary Funds ............................ ...............................
Statement of Cash Flows - Proprietary Funds ....... ...............................
Statement of Fiduciary Net Position - Fiduciary Funds .........................
Statement of Changes in Fiduciary Net Position — Fiduciary Funds ....
Notes to Financial Statements ...................................... ...............................
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CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
TABLE OF CONTENTS
Page
Number
REQUIRED SUPPLEMENTARY INFORMATION
Notes to Required Supplementary Information ......................................... ............................... 103
Budgetary Comparison Information
Budgetary Comparison Schedule - General Fund .............................. ............................... 104
Budgetary Comparison Schedule - Citywide Infrastructure Improvement ......................... 105
Budgetary Comparison Schedule — Housing Successor Agency ....... ............................... 106
Budgetary Comparison Schedule - Fire District .................................. ............................... 107
Pension Information:
Schedule of Changes in Net Pension Liability and Related Ratios —
Miscellaneous Plan - Agent Multiple - Employer Plan .......................... ...............................
108
Schedule of Plan Contributions — Miscellaneous Plan - Agent Multiple - Employer Plan ...
109
Schedule of Proportionate Share of the Net Pension Liability —
Cost Sharing Multiple - Employer Plans ............................................... ...............................
110
Schedule of Plan Contributions —Cost Sharing Multiple - Employer Plans ..........................
111
Schedule of Changes in Net Pension Liability and Related Ratios —
PARS Retirement Enhancement Plan ................................................ ...............................
112
Schedule of Plan Contributions — PARS Retirement Enhancement Plan .........................
113
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet - Nonmajor Governmental Funds ................... ............................... 122
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds ................................. ............................... 140
Budgetary Comparison Schedules (Budgetary Basis) - Special Revenue Funds:
GasTax ............................................................................ ...............................
Recreation........................................................................ ...............................
ParkDevelopment ............................................................ ...............................
Beautification.................................................................... ...............................
LightingDistricts ............................................................... ...............................
Landscape Maintenance Districts .................................... ...............................
Transportation.................................................................. ...............................
PedestrianGrant .............................................................. ...............................
Community Development Block Grant ............................. ...............................
Assessment Administration .............................................. ...............................
San Sevaine /Etiwanda Drainage ..................................... ...............................
Air Quality Improvement ................................................... ...............................
South Etiwanda Drainage ................................................ ...............................
Lower Etiwanda Drainage ................................................ ...............................
Masi Commerce Center ................................................... ...............................
MeasureI ......................................................................... ...............................
LibraryServices ............................................................... ...............................
Proposition 84 — Park Bond Act ....................................... ...............................
AssetForfeiture ............................................................... ...............................
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CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
TABLE OF CONTENTS
Page
Number
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued)
Budgetary Comparison Schedules (Budgetary Basis) - Special Revenue Funds (Continued):
COPSProgram Grant ......................................................................... ...............................
DrainageFacilities ............................................................................... ...............................
CAState Library .................................................................................. ...............................
AB 2928 Traffic Congestion Relief ...................................................... ...............................
LitterReduction Grant ......................................................................... ...............................
SeniorOutreach Grant ........................................................................ ...............................
UndergroundUtilities ........................................................................... ...............................
Safe Routes to School Program ......................................................... ...............................
COPSHiring Program Grant ............................................................... ...............................
Foothill Blvd. Maintenance .................................................................. ...............................
CA State Library Staff Innovation Fund Grant .................................... ...............................
TheBig Read Library Grant ................................................................ ...............................
Department of Homeland Security Grant ............................................ ...............................
Public Resource Grants ...................................................................... ...............................
Proposition1B ..................................................................................... ...............................
Integrated Waste Management ........................................................... ...............................
Proposition 42 — Traffic Congestion Mitigation ................................... ...............................
Freedom Courtyard Resource Grant .................................................. ...............................
Justice Assistance Grant Program ...................................................... ...............................
Homeland Security Grant 2005 ........................................................... ...............................
Used Oil Recycling Program ............................................................... ...............................
Budgetary Comparison Schedules (Budgetary Basis) - Capital Project Funds:
Assessment District 82 -1 .............................................. ...............................
Assessment District 84 -1 .............................................. ...............................
CFD2001- 01 ................................................................. ...............................
Etiwanda Equestrian Facility ......................................... ...............................
CFD 2004 -01 Rancho Etiwanda ................................... ...............................
CFD 2003 -01 Cultural Center ....................................... ...............................
CFD 2006 -01 Vintner's Grove ....................................... ...............................
CFD 2006 -02 Amador on Route 66 .............................. ...............................
Combining Statement of Net Position - Internal Service Funds
Combining Statement of Revenues, Expenses and Changes in
Fund Net Position - Internal Service Funds ........ ...............................
Combining Statement of Cash Flows - Internal Service Funds
Combining Balance Sheet - All Agency Funds.
Combining Statement of Changes in Assets and Liabilities -
AIIAgency Funds .................................... ...............................
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CITY OF RANCHO CUCAMONGA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
TABLE OF CONTENTS
STATISTICAL SECTION
Financial Trends:
Page
Number
Net Position by Component — Last Ten Fiscal Years ......................... ............................... 227
Statement of Activities (Condensed) — Last Ten Fiscal Years ............ ............................... 228
Fund Balances of Governmental Funds — Last Ten Fiscal Years ...... ............................... 230
Changes in Fund Balances of Governmental Funds -
LastTen Fiscal Years ......................................................................... ............................... 231
Revenue Capacity:
Assessed Value and Estimated Actual Value of Taxable Property .... ............................... 232
Direct and Overlapping Property Tax Rates — Last Ten Fiscal Years ............................... 233
Principal Property Taxpayers — Current Year and Nine Years Ago .... ............................... 234
Property Tax Levies and Collections — Last Ten Fiscal Years ........... ............................... 235
Principal Sales Tax Remitters — Current Year and Nine Years Ago ... ............................... 237
Debt Capacity
Ratios of Outstanding Debt by Type — Last Ten Fiscal Years ............ ............................... 238
Ratios of General Bonded Debt Outstanding — Last Ten Fiscal Years ............................. 240
Direct and Overlapping Debt ............................................................... ............................... 241
Legal Debt Margin Information — Last Ten Fiscal Years ..................... ............................... 242
Pledged- Revenue Coverage — Last Ten Fiscal Years ........................ ............................... 243
Demographic and Economic Information:
Demographic and Economic Statistics — Last Ten Calendar Years ... ............................... 244
Principal Employers — Current Year and Nine Years Ago .................. ............................... 245
Operating Information:
Full -Time and Part -Time City Employees by Function — Last Eight Fiscal Years ............. 246
Operating Indicators by Function — Last Eight Fiscal Years ............... ............................... 247
Capital Asset Statistics by Function — Last Eight Fiscal Years ........... ............................... 248
City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2015
Introductory Section
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Mayor L. DENNIS MICHAEL • Mayor Pro Tem SAM SPAGNOLO
Council Members WILLIAM J. ALEXANDER, LYNNE B. KENNEDY, DIANE WILLIAMS
City Manager JOHN R. GILLISON
THE CITY OF RANCHO CUCAMONGA
RANCHO
CUCAMONGA
December 3, 2015
To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho
Cucamonga:
It is with great pleasure that we present to you the City of Rancho Cucamonga's Comprehensive
Annual Financial Report for the fiscal year ended June 30, 2015. The Comprehensive Annual
Financial Report consists of three sections: introductory, financial and statistical. The introductory
section includes this transmittal letter, a list of principal officials, and the City's organizational
chart. The financial section includes the independent auditors' report, management's discussion
and analysis (MD &A), the basic financial statements, notes to the financial statements, and
combining and individual fund statements and schedules. The statistical section sets forth relevant
financial and non - financial data depicting the City's historical trends and other significant facts.
This report consists of management's representations concerning the finances of the City.
Consequently, management assumes full responsibility for the completeness and reliability of all
of the information presented in this report. To provide a reasonable basis for making these
representations, management has established a comprehensive internal control framework that is
designed both to protect the City's assets from loss, theft, or misuse and to compile sufficient
reliable information for the preparation of the City's financial statements in conformity with
generally accepted accounting principles (GAAP). As management, we assert that, to the best of
our knowledge and belief, this financial report is complete and reliable in all material respects.
The City of Rancho Cucamonga's financial statements have been audited by Lance, Soll and
Lunghard, LLP, Certified Public Accountants. The goal of the independent audit was to provide
reasonable assurance that the financial statements of the City of Rancho Cucamonga for the fiscal
year ended June 30, 2015, are free of material misstatement. The independent audit involved
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements; assessing the accounting principles used and significant estimates made by
management; and evaluating the overall financial statement presentation. The independent auditor
concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified
opinion that the City of Rancho Cucamonga's financial statements for the fiscal year ended
June 30, 2015, are fairly presented in conformity with GAAP. The independent auditor's report is
presented as the first component of the financial section of this report.
The independent audit of the financial statements of the City of Rancho Cucamonga was part of a
broader, federally mandated "Single Audit" designed to meet the special needs of federal grantor
agencies. The standards governing Single Audit engagements require the independent auditor to
report not only on the fair presentation of the financial statements, but also on the audited
government's internal controls and compliance with legal requirements, with special emphasis on
internal controls and legal requirements involving the administration of federal awards. These
reports are available in the City of Rancho Cucamonga's separately issued Single Audit Report.
10500 Civic Center Dr. • P.O. Box 807 • Rancho Cucamonga, CA 91729 -0807 • Tel (909) 477 -2700 • Fax (909) 477 -2849 • www.CityofRC.us
December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
GAAP requires that management provide a narrative introduction, overview, and analysis to
accompany the basic financial statements in the form of Management's Discussion and Analysis
(MD &A). This letter of transmittal is designed to complement the MD &A and should be read in
conjunction with it. The City of Rancho Cucamonga's MD &A can be found immediately following
the report of the independent auditors.
I. PROFILE OF THE CITY OF RANCHO CUCAMONGA
General Information
The City of Rancho Cucamonga currently has an estimated population of 174,064 and encompasses
approximately 40.2 square miles. It is located between the cities of Upland to the west, Ontario to
the south, Fontana to the east and is in the western section of San Bernardino County which is in
the southern part of the State of California. The local economy includes a diverse business base of
office, light manufacturing and distribution, and retail which emphasizes the City's efforts at
attracting and retaining sales tax generating businesses to help provide a stable financial base.
Government
The City of Rancho Cucamonga (the City) was incorporated in 1977 as a general law city under
the provisions of the Government Code of the State of California, and operates under the Council-
Manager form of city government. The City officials elected at large include a Mayor and four
City Council members, a City Clerk and a City Treasurer. The Mayor and Council members are
elected on a staggered basis for a term of four years. There is no limit on the number of terms an
individual can serve as Mayor or as Council members. The Mayor and City Council appoint the
City Manager and City Attorney.
Reporting Entity and Its Services
The City has included within its reporting entity for financial reporting purposes all agencies for
which the City is financially accountable. These agencies include the Rancho Cucamonga Public
Improvement Corporation, the Rancho Cucamonga Fire Protection District, the Rancho
Cucamonga Library, and the Rancho Cucamonga Public Financing Authority. The City provides
accounting services to all these agencies. Additional information on these agencies can be found
in Note La. in the notes to the financial statements.
The City of Rancho Cucamonga is a general law city governed by the State of California
Government Code and local ordinances and provides quality service by blending the talents of City
staff and utilizing other agencies. Certain services necessary to continue the high quality of life in
Rancho Cucamonga such as water, sanitation (i.e., sewage) and police are furnished by the County
of San Bernardino and other specialized agencies. The City provides building safety regulation
and inspection, street lighting and beautification, land use planning and zoning, housing and
community development services, maintenance and improvement of streets and related structures,
traffic safety maintenance and improvement, animal care and services, and a full range of
recreational and cultural programs for citizen participation.
The Rancho Cucamonga Public Improvement Corporation was established for charitable purposes
including rendering financial assistance to the City by financing, acquiring, constructing,
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
improving and leasing public improvements for the benefit of residents of the City and the
surrounding area. The Rancho Cucamonga Fire Protection District was taken over from the County
of San Bernardino as a subsidiary district of the City in July 1989 for the purpose of fire suppression
within its boundaries. The Rancho Cucamonga Library became a part of the City when it withdrew
from the San Bernardino County Library System in July 1994. It strives to inform and enrich our
community by providing access to traditional and technologically innovative resources. It also
supports and encourages education and the love of reading in a welcoming atmosphere with a
knowledgeable, service - oriented staff. The Rancho Cucamonga Public Financing Authority was
established to facilitate the financing and the refinancing of construction, expansion, upgrading and
improvement of the public capital facilities necessary to support the rehabilitation and construction
of residential and economic development within the City.
On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 ( "the Bill ")
that provided for the dissolution of all redevelopment agencies in the State of California. This
action impacted the reporting entity of the City of Rancho Cucamonga that previously had reported
a redevelopment agency within the reporting entity of the City as a blended component unit. The
Bill provided that upon dissolution of a redevelopment agency, either the city or another unit of
local government would agree to serve at the "successor agency" to hold the assets until they are
distributed to other units of state and local government. On January 11, 2012, the City elected to
become the Successor Agency for the former redevelopment agency in accordance with the Bill.
See Note 14 for more information on the Successor Agency Trust for the Former Redevelopment
Agency.
Local Economy
The City is continuing to recover from past revenue declines with slow and gradual revenue growth.
Key elements contributing to this growth include the following:
• Unemployment levels continue to improve within Rancho Cucamonga at a faster level and are
more favorable than the County overall and have returned to historical norms of 5% or less;
• Steady increases in taxable sales of general merchandise that are expected to reach pre -
recession peak levels sometime during FY 2015/16;
• Continued increases in the City's net taxable value for property taxes; and
• The housing market continues to recover with prices increasing, supply being at record lows,
and strong demand occurring in all sectors including single and multi - family.
Historically, Rancho Cucamonga's economic base has been one of the Inland Empire's strongest.
Job and payroll growth have far exceeded regional and California rates since 1990. The City's
competitive lease rates, transportation network and community amenities continue to attract
businesses of all types. In addition to its manufacturing and distribution sectors, the City's
commercial office sector has grown and vacancies continue to decline while rents are rising.
Rancho Cucamonga has also seen a migration of highly educated technicians, professionals and
executives over the past few years and many of the City's resident workers have jobs in
management, professional, and technical occupations.
The City is substantially underway in its economic development programs following the State of
California's elimination of Redevelopment Agencies and tax increment financing statewide. The
City is working with the business and real estate communities to maintain and rebuild effective
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
economic development programs to promote private investment, job retention, and growth. See
additional discussion under the "Highlights of Fiscal Year 2014/15" section — Economic
Development.
Budgetary Control
The City adopts an annual budget where each department's budgeted appropriations are controlled
at the character of expense level. These levels are defined as personnel services; operations and
maintenance; capital outlay; debt service; cost allocation; and transfer out. Although the budget is
monitored at the character of expense level, the legal level of budgetary control, that is the level at
which expenditures cannot exceed appropriations, is the department level within the General Fund
and at the function level for the Special Revenue, Debt Service and Capital Projects Funds.
Budgetary control is further maintained by the use of an encumbrance system. Revenues are also
estimated annually in the adoption of the annual budget. Revenues and expenditures are monitored
throughout the year with quarterly updates provided to the City Council.
Long -term Financial Planning
Annually, the City updates a five -year Capital Improvement Program (CIP). Planned capital
expenditures from special, non - operational funds for FY 2015/16 total $53,407,045. The CIP
includes the construction of a new training facility for the Fire District; the relocation of the Rancho
Cucamonga Family Sports Center; the Library's second floor Rancho KIDS Project; utility
undergrounding on Base Line Road from Carnelian to Vineyard; the continuation of design and
construction of Los Amigos Park; Base Line Road at I -15 Interchange capital improvements; local
street pavement at various locations; and two traffic signal installations /upgrades along with an
Intelligent Transportation System Upgrade - Citywide. Funding comes from multiple sources
including Gas Tax funds, Measure I funds, Park Development funds, Transportation funds, Special
Districts funds, capital reserves, and various grants.
Cash Management Policies and Practices
Cash not immediately needed to finance City operations during the year was invested in securities
of the U.S. Government, or its agencies (e.g., bonds and notes of the Federal government and
Federally- sponsored agencies), municipal bonds, commercial paper, corporate notes, and the State
of California's Local Agency Investment Fund (LAIF) in accordance with State laws governing
deposit of public funds. See Note 3 for a list of the City's authorized investments. The objective
of the investment portfolio is to meet the short- and long -term cash flow demands of the City. To
achieve this objective, the portfolio is structured to provide safety of principal and liquidity, while
then providing a reasonable return on investments.
Debt Administration
The City of Rancho Cucamonga, as a general law city, is restricted from incurring general
obligation bonded indebtedness that would exceed 3.75% of the total assessed valuation of all real
and personal property. As of June 30, 2015, the City of Rancho Cucamonga does not have any
bonded indebtedness.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Risk Management
During Fiscal Year 2014/15, the City of Rancho Cucamonga continued its commitment to risk
management programs for safety, general liability, workers' compensation and loss prevention.
Aggressive claims handling and a strong litigation stance have assisted in maintaining an
appropriate reserve for current and future claims payments. Various risk control techniques,
including employee accident prevention training, employee wellness seminars and fairs, safety
programs and employee hazardous identification programs, have continued to minimize accident -
related losses and exposure by the public.
The City of Rancho Cucamonga is self - funded for the first $500,000 of loss for general liability
claims as well as employment practices liability claims and purchases coverage for losses ranging
from $500,000 to $35 million. For workers' compensation claims, the City is self - funded for the
first $300,000 and purchases coverage for losses ranging from $300,000 up to statutory limits.
Pension and Other Post - Employment Benefits
The City and the Fire District provide pension benefits for all employees through a statewide plan
managed by the California Public Employees Retirement System (Ca1PERS). They also provide a
supplemental retirement plan for certain miscellaneous employees through the PARS Retirement
Enhancement Plan. Additional information on the two plans can be found in Notes 9 and 10 in the
notes to the financial statements.
The City does not provide other post - employment benefits (OPEB); however, medical coverage is
provided to Fire District personnel and their dependents upon retirement. The Fire District provides
those post - employment benefits through the California Employers' Retiree Benefit Trust
(CERBT). Additional information on OPEB can be found in Note 11 in the notes to the financial
statements.
The PARS plan has a net pension asset, as opposed to many other agencies which have a net pension
liability, and the OPEB plan has a net asset, as opposed to an obligation, due to pre - funding for
both of these plans which occurred in prior years. This somewhat unique funding status of the two
plans speaks to the strong financial management demonstrated by the City Council and its
management team.
II. HIGHLIGHTS OF FISCAL YEAR 2014/15
Economic Development
The Community Development Group has become the lead for pursuing economic development
programs and opportunities. Community Development currently provides coordination and
support for companies and real estate professionals pursuing site acquisition, and business
relocation and expansion. Also, within Community Development is the Rancho Cucamonga
Municipal Utility (RCMU). RCMU plays an important role in economic development activities
offering an economic development incentive rate that targets high electric users that are also large
employers. In March 2015 the City Council approved the update to the City's Economic
Development Strategic Plan. The Plan identifies seven priority areas for economic development
activities in the City over the next five years. The Plan also recognizes ongoing efforts that support
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
business attraction and retention. The City is making progress with some of the recommendations
of the Plan that suggest mixed use zoning be considered to revitalize declining retail locations and
encourage job growth.
The City also continues their partnership with the Small Business Development Center (SBDC) to
provide technical assistance and guidance to existing and startup businesses and residents in the
community. These services are free of charge and are offered on a confidential and long term
basis. During the 2014/15 fiscal year, the SBDC met with 149 clients, and provided 292 hours of
technical and professional advice. This lead to 5 jobs being created and 9 jobs retained. The SBDC
also hosted 12 workshops on various business topics and 1,117 people attended these workshops.
Successor Agency
On February 1, 2012, the Successor Agency to the Rancho Cucamonga Redevelopment Agency
was formed as a result of the State's action to eliminate Redevelopment Agencies in California.
The Successor Agency assumed all of the duties and responsibilities of the former Redevelopment
Agency and is tasked with winding down the Agency's activities. Since June 2011, the Successor
Agency has been restricted from entering into any new contract. As a result of the elimination of
redevelopment, the Successor Agency has worked this past year to successfully complete existing
projects and to maintain one affordable housing program.
The Successor Agency submitted ROPS 14 -15A and ROPS 14 -15B. In October 2014, per the
approved Long Range Property Management Plan (LRPMP), the Successor Agency successfully
transferred the Cultural Center expansion property to the City to be used for public purposes. The
Successor Agency also transferred the remaining Tax Allocation Bond proceeds to the City which
is being used to fund the construction of the Base Line Road and 1 -15 freeway interchange
improvements.
Affordable Housin
Due to the elimination of redevelopment, the City has limited affordable housing resources and has
had to make difficult decisions involving the termination of many of its successful programs. For
example, the City's First -Time Homebuyer Program. This program assisted over 117 families
become homeowners.
Affordable rental housing for families who want to live and work in Rancho Cucamonga also
continues to be a challenge. The elimination of redevelopment significantly diminished ongoing
housing resources. Despite the lack of these resources, a portion of the loan between the City and
the former Redevelopment Agency, as well as proceeds from housing bond funds, are the two
primary sources of revenue available for housing programs and projects. These potential funding
sources are significantly less than what redevelopment had access to in the past and these sources
are one time money and not available for on -going programs.
Affordable Rental Housing Opportunities
These funds have allowed the City to enter into an agreement with 7418 Archibald LLC to build
59 affordable senior housing units plus one manager unit. The Housing Successor Agency will
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
contribute $4,360,908 of its housing bond proceeds to allow for the project to remain affordable
for a term of 55- years. The affordability restrictions for the 59 units are as follows:
Senior Housing Affordability Summary
% of Area of Median
Income
Number of Units
Offered
Maximum eligible
income
Maximum monthly
rent
30 Percent
6
$15,600
$390
40 Percent
12
$20,800
$520
50 Percent
24
$26,000
$650
60 Percent
17
$31,200
$780
The developer has applied for 9% tax credit financing in June 2015 but was not successful. Per the
terms of the Agreement the developer will apply again for tax credits in 2016 order to obtain the
additional funding needed to construct the project.
Northtown Housing Development Corporation was able to compete and receive tax credit funding
to rehabilitate and upgrade the 88 units at Villa del Norte. The Housing Successor Agency did not
contribute any new funding for this effort, but did agree to continue to subordinate its loan in order
for the tax credit funding to be received. Prior to the elimination of the redevelopment agency, the
agency had partnered in the construction and funding of nearly 1,800 affordable units. The
following accomplishments were achieved and are now held as assets of the Housing Successor
Agency:
Family Housing
• Las Casitas Apartments —14 units
• Mountainside Apartments — 188 units
• Monterey Village Apartments — 110 units
• Pepperwood Apartments — 228 units
• Rancho Verde East Expansion — 40 units
• San Sevaine Villas — 225 units
• Rancho Verde Apartments— 104 units
• Sycamore Springs Apartments — 96 units
• Villa del Norte Apartments — 88 units
• Sunset Heights Apartments — 116 units
• Villaggio at Route 66 — 131 units
Senior Housing
• Heritage Point Apartments — 48 units
• Olen Jones Apartments — 96 units
• Villa Pacifica Apartments — 158 units
Under a current Exclusive Negotiating Agreement between the Housing Successor Agency and
Lewis Operating Corporation, the two are looking to partner with a non - profit housing developer
for a Senior Affordable Housing project on 4 acres of land generally located at the northwest corner
of Base Line Rd. and Day Creek Blvd. (Commonly known as the "Base Line /Day Creek Property).
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
It is anticipated the partnership will select a non - profit housing developer in Fiscal Year 2015/16.
Housing Bond proceeds and land owned by the Housing Successor Agency with covenants to only
building affordable housing will be used for the development of this project.
Additional Housing Programs /Activities
A secondary source of funding is received from residual receipts generated from existing housing
loans the former redevelopment agency negotiated. These funds have allowed the City to
implement and manage a Mobile Home Rental Assistance Program. This program provides up to
$100 in assistance for the space rental payment for mobile home owners. The program operates in
all eight of the mobile home parks located in the City and assists approximately 73 families.
Engineering Services
The Department is comprised of one lead section, the Engineering Administration Section, headed
by the Director of Engineering Services /City Engineer, and five subordinate sections. The
following provides highlights of the major accomplishments achieved during the reporting period
and a description of the major capital projects completed.
Administration Division
In addition to overseeing the operations of the Engineering Services Department's full -time and
part-time employees and $39 million in combined operating and capital budgets, the Engineering
Administration Section managed several significant projects this year. Key items this year included
updating the City's comprehensive Capital Improvement Program (CIP) document; administering
the paid parking programs at the Rancho Cucamonga Metrolink station and Cucamonga Canyon;
assisting the Principal Engineer with drafting a pavement ordinance; conducting research on utility
pole attachments for the Municipal Utilities section; and working with the county on gathering
information for possibly extending the paid parking program to the North Etiwanda Preserve area.
Capital Improvements Division
The Capital Improvements Section is responsible for the development and implementation of the
City's Capital Improvement Program and the design, inspection and contract administration of
various City - funded public improvement projects including paving, curb and gutter, sidewalks,
landscape and irrigation, storm drains, traffic signals, City buildings, and park facilities. A major
accomplishment for the Capital Improvements Section for Fiscal Year 2014/15 was the completion
of the Wilson Avenue Extension Project which improves public safety response as well as traffic
congestion during school drop -off and pick -up periods. The City utilized Local Developer and
Measure I Funds to finance this project. A continued priority for the Section has been maintaining
the Annual Comprehensive Capital Improvement Program document which gives a five -year
forecast for each active capital endeavor budgeted by the City. A total of 19 Capital Improvement
Projects amounting to just under $7 million were completed during Fiscal Year 2014/15.
The following, in addition to the above, are the other key capital projects that were completed
during Fiscal Year 2014/15:
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
• Local Street Pavement Overlay and Slurry Seal
• ADA Improvements at various locations throughout the City
• Sidewalk improvements for 51 bus stop locations
• Day and Deer Creek Channel Bike Trail improvements
• 9th Street and Baker sidewalk improvements
• Ramona Avenue Storm Drain and Pavement Rehabilitation from Foothill Blvd. to south of
the Pacific Electric trail
• SLD 8 LED Street Light Replacement
• 19th Street Pavement Rehabilitation from the West City Limits to Haven Avenue
Transportation Development Division
The Transportation Development Section oversees the design, installation, and operation of the
City's traffic circulation and traffic control facilities, traffic studies, traffic counts, traffic permit
issuance, and investigation of citizen concerns. The Transportation Development Section
continues to provide management services on behalf of the City on the I -15 / Base Line Road
Interchange Improvements Project. This project is currently under construction and is expected to
be completed in 2016. The Section is currently managing the implementation of the initial phase
of the Traffic Management Center Upgrade, the upgrade of traffic signal phasing at various
intersections on Milliken Avenue and Day Creek Boulevard, and the installation of traffic signal
improvements at the intersections of Carnelian Street at Banyan Street and 6th Street at Utica
Avenue.
Land Development Division
The Land Development Section is responsible for the review and conditioning of proposed
developments, as well as the technical plan check, permit issuance, and construction inspection of
developer - funded public improvements such as paving, curb and gutter, sidewalks, landscape and
irrigation, storm drains, traffic signals, and park facilities. In addition to the normal Land
Development responsibilities being on the increase, staff has the task of working with Information
Services in implementing, administering, and maintaining the new Accela land management
software.
Environmental Programs Division
The Environmental Programs Section is responsible for administering the City's environmental
programs which aim to encourage the preservation of natural resources and prevent storm water
pollution, thereby ensuring compliance with state and federal mandates such as AB 939 and the
National Pollutant Discharge Elimination System (NPDES). Highlights for this year include
providing service to 5,754 participants at the Household Hazardous Waste Collection Facility,
conducting over 900 storm water inspections, and processing 23 Construction and Demolition
Diversion Deposit reimbursement requests. This year the section applied tax assessments and title
liens on 244 properties to recover approximately $86,211 in delinquent trash account payments on
behalf of the City's franchised waste management company.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Municipal Utility Division
The Rancho Cucamonga Municipal Utility (the Utility) operates as a small electric utility providing
electric service to both commercial and residential developments including the Victoria Gardens
Regional Center as well as surrounding retail and commercial developments that were built within
the Utility's service territory. The Utility has 900 metered customers and continues to provide
excellent customer service to all its customers. The utility most recently extended almost 8,000 feet
of distribution circuit, placed 4 Pad Mounted Equipment switches, and installed 19 new LED
streetlights along Arrow Route from Rochester Avenue to Etiwanda Avenue. The utility continues
to embark on its mission to be a greener utility by utilizing renewable energy as part of its energy
portfolio. The utility recently completed a 125 kW solar PV carport installation in the north
employee parking lot at City Hall.
Public Works Services
The Public Works Services Department is the steward of the City's growing infrastructure of
buildings, streets, storm drains, parks, and landscape improvements. To fulfill its broad mandate,
the Public Works Services Department is headed up by the Public Works Administration Division
which is charged with the management of three subordinate divisions: Facilities Maintenance;
Streets, Fleet and Storm Drains Maintenance; and Parks and Landscaping Maintenance. The
following are the highlights within the Public Works Services Department during Fiscal Year
2014/15:
Administration Division
In addition to overseeing the operations of the Public Works Services Department's 170+ full -time
and part-time employees and over $31 million in combined operations and capital budgets, the
Public Works Administration Division managed several significant projects this year. Key items
this year included: working to reduce costs in LMD 1 and PD -85 due to funding shortfalls; research
and analysis into the ramifications of being in the third year of the drought and anticipated
mandatory water reduction goals by the Governor; accepting a grant from the Mobile Source Air
Pollution Reduction Review Committee (MSRC) in the amount of $113,990 for the expansion of
the CNG station and bicycle locker installations; continuing to improve the workflow for contracts
and professional services agreements; and assisting the other divisions with the compilation and
bidding of capital improvement projects and service contracts. The Administration section also
accepted rebates in the amount of $176,307 for turf removals primarily in LMDs 1 and 4R.
Facilities Maintenance Division
Victoria Gardens Cultural Center Wall Tile Replacement Project—Portions of the exterior tile
along the east side of the Victoria Gardens library building were repaired and replaced due to
weathering of the elastomeric joint sealant along the tile edge. Additional repairs to the
Cultural Center will occur during FY 2015/16.
Civic Center – Roof System Restoration Project —The existing low slope roof sections had to
be removed and restored with the installation of Title 24 compliant and Energy Star rated off
white reflective roof coating over polyester reinforced fabric, as well as replacement of the
existing roof flashing and elastomeric sealant. This project was completed in May 2015.
x
December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
City Council Chambers Media Revitalization Project —Phase one of this project included
replacing the outdated audio visual system with a new digital system that is much more reliable
and stable. In addition, the backbone infrastructure and system components provide a better
experience for the live audience, home viewers, council members and city staff. Provided
funding is available, phase two of the project will occur during FY 2016/17.
Civic Center Exterior and Parking Lot Lighting Project —Light fixtures located in the three
parking areas at the Civic Center (north employee lot, public parking deck, and south employee
lot) were replaced with new energy efficient LED lighting fixtures.
Installation of Bike Lockers —As mentioned earlier, Public Works Services staff completed the
installation of ten new Healthy RC bike lockers at the Metrolink Station — bringing the total to
20. This project was a Public Works Department wide effort with Parks staff completing the
removal of the plants and ground cover needed for this area. Streets staff completed the install
of the concrete pad, the Facilities staff delivered and installed the new Bike lockers and Public
Works Administrative staff researched and ordered the bike lockers for the project. As
mentioned earlier, MSRC grant funding helped offset the cost of these new bike lockers.
In addition to the numerous capital projects happening, there were also several large service
contracts awarded including: guard services, mechanical engineering services, architectural,
electrical, and structural engineering services.
Streets, Fleet, and Storm Drain Maintenance Division
The Illuminated Street Name Sign Replacement program continued into FY 2014/15. The
locations in this most recent phase included finishing Foothill Blvd. as well as San Bernardino
Road to the west and Aspen Avenue to the east. The scope of work included retrofitting
Illuminated Street Name Signs with LED lighting, replacement of damaged signs and/or
individual sign panels, and relocation of complete illuminated street name signs from mast arm
mounting to sign davit arm mounting. This project promotes energy efficiency by continuing
to retrofit the illuminated street name signs with more energy efficient LED lighting.
CNG Station Expansion: The design for the CNG station expansion began in FY 2012/13 and
construction began in FY 2013/14 and continued into FY 2014/15. It reached completion in
FY 2015/16. This expansion consists of an additional compressor and a fuel management
system that will make it possible to accommodate fast filling vehicles for other entities and
back charging them for our costs as well as 29 time -fill stations, overhead LED lighting, a
nearby telephone system to report emergencies and an emergency shut off near the fuel
management system. As mentioned earlier, grant funding from the MSRC partially funded the
construction of this phase.
Vehicle Purchases: The City Council authorized the purchase of the following replacement
vehicles: one wheel loader, two 1 -ton stake bed trucks, one '/2 ton pickup truck, one CNG 3/4
ton SRW Utility Truck, one CNG One Ton DRW Extended Cab Utility Truck, and one backhoe
loader.
Sidewalk Inspection Program: During FY 2014/15 the previously established 24 area grids
covering the city were re- inspected. The information that was gathered from these inspections
is used to identify and schedule permanent repairs of sidewalks, curb and gutters, and drive
approaches annually. The Department's proactive approach to aging sidewalk infrastructure
has greatly reduced the City of Rancho Cucamonga's liability.
Stop Sign Retro- reflectivity Testing: The retro - reflectivity inspections of stop signs citywide
was completed and the replacement of stop signs not meeting the minimum retro - reflectivity
requirements were replaced.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Storm Drain Inspections /Cleaning: As a requirement of the Clean Water Act, staff must inspect
storm drain catch basins annually and remove debris if it is 25% or greater of the catch basin's
capacity. These requirements are part of the National Pollutant Discharge Elimination System
(NPDES) permit program which controls pollution by regulating point sources that discharge
pollutants into waters of the United States. In FY 2014/15, a total of 4,174 catch basins were
inspected and 166 catch basins required cleaning.
Many smaller projects were completed during FY 2014/15 including: asphalt repairs, concrete
sidewalk and curb /gutter repairs, graffiti removal, street sweeping, storm drain inspections and
cleaning, traffic sign retro - reflectivity inspections, traffic sign installations and repairs, traffic
legend repaints, chemical and mechanical weed abatement, debris removal, assisted with
special events, mechanic on -call emergency response and streets on -call emergency response.
The traffic signal maintenance contract was re -bid during FY 2014/15 and was awarded to the
incumbent contractor.
Parks and Landscape Maintenance Division
Drought Update —Staff started to identify and implement locations within the parks, paseos
and landscapes that could lower the water consumption through water use reduction and turf
repurposing. Staff also installed signage within these areas to inform the public of the drought
conditions and re- landscape process.
City -wide Parks Painting Project— The scope of work included the painting of the exposed
wood portions and columns of the shade shelters at Ellena Park (LMD 2), Spruce Park (LMD
4R) and Day Creek Park (LMD 10); painting of hand railings under the Milliken
Avenue/Metrolink Railroad Underpass (LMD 313); painting of the restroom buildings at
Summit Park (CFD 2000 -03), Ellena Park and Spruce Park); painting the wood and block
portions of the trash enclosures at Ellena Park, Spruce Park, and Rancho Summit Park and
painting the wood portions of five benches at Rancho Summit Park.
LMD -5 Playground Improvement Project— Several improvements were made in FY 2014/15
to the neighborhood playground area at Andover/Bedford including: replacing the 30 -year old
fence and adding concrete curb along the base of the fence to reduce future corrosion of the
fence posts; relocation of the water main; addition of a flow sensor valve; a new Calsense
controller; lowering the grade in the turf, upgrading the irrigation system; new sod and a new
metal bench.
Turf Removal Rebate Program—As an added incentive to encourage conservation, the
Metropolitan Water District (MWD) began offering rebates of $3 per square foot for turf
removal. Due to the 90 -day turnaround on the completion of each area, staff identified 11 of
the highest water use areas primarily within LMDs 1 and 4R and had the landscape contractors
remove the turf and replace it with a drought tolerant plant palette and much totaling 58,769
square feet of turf. This project removed 58,769 sq. ft. of turf primarily in medians and
parkways and resulted in $176,307 in rebates received. These funds will go directly back to
the districts they represent and will be used for additional water conservation measures. It is
anticipated that MWD will offer additional rebates next year.
LMD 4R Playground Seat Wall —A playground seat wall was constructed at Ralph Lewis Park
to help eliminate soil erosion from the surrounding landscaping which will help to minimize
the maintenance of the sand material within the playground. The seat wall will also double as
a place where park patrons can sit while visiting the playground.
LMD 4R Paseo and Park Security Lighting Retrofit —The scope of work included the removal
of 17 existing paseo lights including poles and foundations followed by the installation of 17
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
new energy efficient LED light fixtures on a 10' high pole. In addition, a total of 23 park
lighting fixtures at Milliken Park were replaced with inductive light fixtures. The new lighting
fixtures are projected to use approximately one third the amount of electricity consumed by the
lighting fixtures they replaced. Additional maintenance cost savings will also be realized due
to the significantly longer service life of the new fixtures.
LMD 4R Playground Rubberized Surface Repairs /Replacement —Areas of the rubberized
surfacing at West Greenway Park were repaired/replaced during FY 2014/15. The City uses
playground rubberized resilient surfacing at several park playgrounds throughout the
City. Due to normal wear and tear, the playground surfaces at several parks throughout the
City were repaired by removing worn and aged areas and replacing them with new rubberized
material.
Landscape Design for LMD 2 and LMD 4R and Civic Center: Another way the City is reducing
costs in landscaped areas is to use more low water or drought tolerant landscape designs.
During FY 2013/14, a landscape architect was hired to look specifically at the landscape areas
in LMDs 2 and 4R, as well as the Civic Center, for ways to transition these sites to a more
sustainable plant palette. During FY 2014/15, all the designs for LMDs 2 and 4R, as well as
the Civic Center were completed. The design for LMD 4R was used as part of the Turf
Removal Rebate Program to meet the rebate requirements and to introduce the new low water
landscape design into the community. The design for LMD 2 and Civic Center will be used
for potential turf removal rebates if they are offered again in FY 2015/16. The LMD 2 design
will be used as part of the drought requirements for medians and at the Civic Center as part of
the new low water use landscape facelift.
Planning
The Planning Department functions as the professional and technical advisor to the Planning and
Historic Preservation Commission and the City Council on policy matters and issues concerning
the physical development of the community. The department focuses on proactive long -range
planning to recognize and solve problems before they occur and take advantage of opportunities;
to support City goals, objectives, policies, and programs; and to actively promote retail and
commercial expansion by attracting new services to the City. We are very proud that one of our
Planning Commissioners is serving as the current President of the "Planning and Community
Development Department" of the League of California Cities for 2015.
As development is a team effort, the Department coordinates activities among the other
departments including Engineering Services, Fire Construction Services, Building and Safety
Services, and the Police Department to ensure that development is safe, orderly, of the highest
standard, and conducive to the business and residential community. The department assisted over
7,800 residents, developers and business owners at the counter and received over 7,000 telephone
calls in Fiscal Year 2014/15.
The Planning Department processed a wide variety of projects during the fiscal year. The following
are some of the highlights of those projects as well as some of the many special projects that have
taken place:
• The Goodman Logistics Center, comprised of two logistics buildings with a combined floor
area of about 1.6 million square feet at the southwest corner of Arrow Route and Etiwanda
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Avenue, was recently completed in mid -2015. The tenant for both buildings, Georgia Pacific,
began operations shortly thereafter.
• Lennar Homes is currently constructing a single - family residential subdivision of 231 homes
on the north side of Arrow Route about 525 feet east of Etiwanda Avenue. Construction began
in early 2014 and about 50% of the homes have been completed.
• The City is currently reviewing a proposed amendment to the Rancho Cucamonga Industrial
Area Specific Plan (IASP) Subarea 18 Specific Plan that was submitted by SC Rancho Corp.,
an entity of Lewis Operating Corp. in January 2015. Referred to as the "Empire Lakes Specific
Plan ", the applicant proposes a project that will be comprised of a combination of high density
residential, commercial, and office uses in an "urban" setting on a property currently developed
with Empire Lakes Golf Course located north of 4th Street, west of Milliken Avenue, east of
Cleveland Avenue, and south of 8th Street and the BNSF / Metrolink rail line.
• The Planning Department is currently working on two studies relating to the Metrolink
station. The first (referred to as " Metrolink West "), a partnership with the Southern California
Association of Governments (SCAG), will study the feasibility of adding another station at the
intersection of the Metrolink line and Haven Avenue, and the potential for high density, mixed
use and transit - oriented development in the vicinity of this intersection. The second (referred
to as " Metrolink East "), a partnership with the San Bernardino Associated Governments
(SANBAG), will explore various concepts for a high density, mixed use and transit - oriented
development in the vicinity of the current Metrolink station near Milliken Avenue.
• The Planning Department recently completed the creation of technical standards that will apply
to future mixed use development in the City. These standards were reviewed and approved by
the City Council in fall 2015.
• On May 20, 2015, the City Council approved a Professional Services Agreement with Sargent
Town Planning for the development of the North Eastern Sphere Annexation Project, a
proposal to annex approximately 4,115 acres of the City's Sphere of Influence. Approximately
2,915 acres of the annexation area could remain as open space area or for very limited
development and the remaining 1,200 acres, generally located between Milliken Avenue and
Day Creek Boulevard, could be developed as a vibrant residential "village" with neighborhood
services and a distinct sense of place. Specific land uses, the types of development, and the
number of dwelling units and square footage will be evaluated during the planning process.
• KB Homes is building 76 single - family residences on a property of 53 acres located at the east
side of East Avenue, about 150 feet north of the 210 Freeway. Construction began in late 2014
and about 50% have been completed.
• Planning staff continues to regularly update and fine tune the Development Code to clarify
standards and respond to changing land use conditions as well as state legislation. Two separate
code updates were approved by the City Council this year.
• The continued implementation of the Community Development Block Grant (CDBG) program
is facilitated by Planning Department staff. The City received $783,677 in Housing and Urban
Development funds. These funds were allocated to various Public Works, Home Improvement,
and Public Services activities, including some salary allocations. Approximately 80% of the
City's CDBG funding is allocated to activities that benefit persons of low- and moderate -
income.
• Planning continues to focus on updating and using the land management software system
Accela with many applications being added. The public portal, Accelerate, allows users to
apply for a permit and pay fees online. Electronic Document Review (EDR), which allows
applicants to upload electronic plans for review and comments, is currently in use. One of the
Planning staff members is continuing a 2 -year term as the Southern California Regional User
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Group Lead. She works directly with Accela to coordinate the quarterly Regional User Group
meetings and develops contacts throughout southern California. In addition, she participated
in two (2) presentations at the annual Accela User Conference in Los Angeles, and as a result
Rancho Cucamonga has shared our implementation experiences and hosted product
demonstrations for several cities including Virginia Beach, VA, Moreno Valley, Huntington
Beach, Culver City, Santa Barbara County, San Bernardino County and Boise, Idaho.
In late 2014, the State of California updated regulations for massage establishments allowing
cities to resume land use control. The Planning Department presented to City Council an
emergency ordinance to require all massage establishments to obtain a Conditional Use Permit.
In addition, staff has been working on a multi - department task force to inspect the
establishments and bring them into compliance with City codes.
The Planning Department helped coordinate the "Point In Time" physical count of the
homeless population in the City in conjunction with San Bernardino County on Thursday,
January 22, 2015. Staff members assisted in the count starting at 6:OOa.m. and finalizing at
10:00a.m. using City Hall as the base of operations.
The Planning Department has partnered with Cucamonga Valley Water District (CVWD) in
presenting information to the public regarding the water issues and the current drought that was
declared by the Governor of California. Working together, staff did a display of historic water
artifacts at the Archibald Library during late spring and then again in a large display in the
display cases in front of the Council Chambers. It spotlights both current water efficient
practices as well as historic measures that were used in the past. In addition, one of our staff
members has participated for over 5 years in assisting CVWD with their annual Landscape
Beautification Contest that recognizes those landscapes that are water efficient and practical as
well as beautiful and within city guidelines.
Historic Preservation
The Planning Department continues to monitor and update the Local History website "Portal
to the Past ". This product of a joint grant with the Library Services Department enables staff
to continue to add stories and recollections of residents as well as pictures of the past history
of our City. It can be accessed through the City's website at the following link:
https: / /www.cityofrc.us /about /local history /default.asp.
Local History Night was celebrated on Friday, June 12th, 2015, at the Biane Library, in the
Victoria Gardens Cultural Center. Approximately 300 people attended the event enjoying
various types of activities including the Silverados musical band, Jim Curatalo, the President
of Cucamonga Valley Water District, who spoke about water history in our city, the performers
Razzle Bam Boom that did a show on "H2O, Where Did You Go ? ", a vintage fire truck /
antique car display, Fire Marshall Rob Ball spoke about interesting facts about the history of
firefighting, and a kid's crafting table.
The historic Richfield Service Station on Foothill Boulevard, just west of Archibald Avenue,
has been reconditioned and improvements have been made by the Route 66 IECA (Inland
Empire of California Association) a preservation society. It is anticipated that the gas station
will become an historical destination with a visitor's center and museum for Route 66
memorabilia.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Building and Safety
The Building and Safety Department provides plan checking, inspection and permit activities for
construction projects to meet State Model Codes including building, fire, ADA, energy, grading,
plumbing, mechanical and electrical codes.
Building and Safety continues to enhance the use of the new Accela permit software that helps to
expand its use to on -line permit processing fee payments and inspection requests, which allows
customers to access permit and inspection information 24 hours a day, 7 days a week. The
department conducted over 18,326 inspections, responded to over 1,000 complaints and
investigations, and issued over 5,634 permits during the 2014/15 fiscal year.
Administration Services
The Administration Services Section continues to improve communication with customers by
enhancing public relations through website development, providing user friendly forms online,
creation and design of an informative department brochure, revision and updating forms and
handouts. An additional service provided by this division is the administration of the ADA
compliant program for the City owned facilities.
Building Inspection
The Building Inspection Section provides building and fire inspections for all construction projects
on private properties including work inside mobile home parks. In addition, this unit works with
Community Improvement Unit to abate properties that are vacant and abandoned due to foreclosed
activities.
Plan Check and Permit
The Plan Check and Permit Section continues to provide permit services for thousands of projects
annually. The new Accela permit software has enhanced the process tremendously. More than
3,571 applicants have registered for the use of the new software in the permit and inspection
processes.
Additionally, the Plan Check Section performs Wildland Interface reviews within the Very High
Fire Hazard Severity Zones, and they continue to work diligently with the Fire District to help local
businesses come into compliance with the current fire codes while minimizing the potential
disruption to their business.
Grading Services
Our Grading Services Section provides review and approval of rough and precise grading plans for
construction of residential and commercial projects. This section meets with developers,
neighborhood groups and local residents to discuss plans and proposed projects, along with
investigating complaints regarding a wide variety of building and construction.
Additionally, this section continues to provide cross department support to the Engineering and
Planning Departments, with project review during the entitlement process, performing reviews of
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
the Storm Water Quality documents, and acting as the City Land Surveyor for the Engineering
Services Department.
Communitv Improvement
This year, the Code Enforcement Division was transitioned to a new division entitled Community
Improvement, a manager was recruited and the group was moved under the direction on the City
Manager. The name change reflects the commitment of the City to the continuous improvement
of the community, whether that is residential, recreational, or commercial. The emphasis is on
increasing awareness about property maintenance and connecting residents with resources for
maintaining and improving the quality of life for residents, customers and guests in Rancho
Cucamonga.
Officers in Community Improvement have continued to provide excellent service to the community
in challenging circumstances. There has been a significant change in staffing during the year, with
several officers accepting promotional positions in other jurisdictions. The continuing staff
members have worked extremely hard to maintain the high standards of timely responses and
diligent follow -up during recruitment efforts. The staff has received additional support from
Building and Safety inspectors in making inspections and providing timely responses.
The volunteers in Community Improvement have continued to provide excellent support to the staff
and show their commitment to the beauty and safety of the community. The three volunteers
continue to remove numerous signs from the right -of -way, support shopping cart removal, and
complete other tasks as they are assigned.
Promoting a healthy, safe and clean environment is the focus of Community Improvement and
enforcement of the Municipal Code will continue to be an important tool in that effort. During the
2014/15 fiscal year, Community Improvement Officers responded to 3,006 reports of violations in
the City, conducted 4,415 inspections, and successfully resolved 2,870 incidents.
Community Services
Senior Services
The motto of the James L. Brulte Senior Center is Stay Healthy, Live Longer. Thousands of seniors
in Rancho Cucamonga have embraced this philosophy for life and are active participants at our
dynamic Senior Center.
Every September, the Senior Center is center stage in the community, displaying all it has offer
during National Senior Center Month celebration. During the month long celebration, the various
Senior Center's programs are highlighted with each week featuring at least one free special
event. From the core senior services programs, the daily Senior Nutrition program and the Silver
Fox Express Transportation Program, to the variety of recreational and health & wellness programs,
the Senior Center is a vital resource in Rancho Cucamonga throughout the year only with support
from hundreds of volunteers, partners and the 16 member Senior Advisory Committee. Wellness
Pass has continued to be extremely popular and, since the 2013 expansion, our participation has
increased 36 %.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Cultural and Performine Arts
The Lewis Family Playhouse at the Victoria Gardens Cultural Center completed its ninth season
presenting a wide variety of performances for all ages and interests, offering a great menu of
entertainment options including music, dance, comedy, family theatre, and Broadway -style
musicals. The Rancho Cucamonga Community Theatre brought three delightful new productions
to the stage this year: Roald Dahl's Willy Wonka, Sing -a- Long -A Sound of Music, and The Taming
of the Shrew. Broadway at the Gardens presented Cabaret and Sondheim On Sondheim this year.
Additionally, the City's own theatre company, MainStreet Theatre Company produced three shows
including. The Three Little Pigs, The Prince and the Pauper, and Fancy Nancy the Musical. The
Playhouse also presented 18 touring artists throughout the season including Capitol Steps. David
Benoit, Rockapella, Travis Tritt, Blind Boys of Alabama, Choo Choo Soul, and Arturo Sandoval.
The Lewis Family Playhouse upgraded to an ETC Gio lighting console and Net 3 lighting network
in May 2015. The previous lighting system was beginning to fail at the end of its projected 10-
year lifespan. The new, ETC lighting system provides a state of the art, stable platform to serve the
lighting needs of the Cultural Center for years to come.
Special Events and Special Projects
Last year, over 25,000 community members attended the Department's major community -wide
special events. These special events included: 4th of July Fireworks Spectacular, Movies and
Concerts in the Park, World Music Concerts, Founders Festival Community Parade, Veteran's Day
Celebration, Cinco de Mayo Celebration, Cucamonga Challenge and Celebration of National
Physical Fitness Month, and Springtime Movies in Town Square at Victoria Gardens.
Contract Classes
The Community Services Department has the largest contract class program in San Bernardino
County. This year the program offered a variety of recreational, leisure time classes such as: Music,
Dance, Fitness, Dog Obedience, Child Development, and Arts & Crafts. Classes were offered at
City facilities and local studios. Over 5,000 participants registered in classes during the past year
with a majority of classes focusing on supporting a Healthy RC lifestyle.
Sports
The Sports Division provides a wide variety of sports activities for Pee Wee, Youth and Adults
within the Community. Over 1,550 Pee Wee participants, participated in programs such as:
Soccer, Baseball, and Basketball. A range of Adult Sports Leagues, such as Adult Softball and
Basketball along with drop in Racquetball & Basketball are offered to those 18 +.
Youth and Familv
The Community Services Department's Playschool program is for children ages one through five.
Over 630 children attended classes focusing on building children's self - esteem, attention span and
social development. The Teen Center is located inside Lions West Community Center and provides
a place for local teens to participate in activities, workshops, and special events after school. During
the summer months, close to 2,000 children ages 3 through the teen age years attended one of our
camp programs, Camp Cucamonga Junior, Camp Cucamonga and our Teen Camp. The Teen
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Recreation Activity Club (TRAC) is a year round volunteer /leadership club providing teens an
opportunity to get involved in their community and make a difference.
RC Family Resource Center
The RC Family Resource Center, a hub for non -profit service organizations, hosts over 25 non-
profit organizations providing emergency food and clothing, family crisis intervention, court
recognized services, support groups, adult and youth life skill classes, parenting classes, and much
more. Community Connection Services, one of those non - profit partners, provides vital services
to the community with their emergency food and clothing programs, employment preparation, and
housing assistance. The RC Family Resource Center also provides monthly and annual family
events such as Family Fun Nights, Thanksgiving Basket food drive and the family - friendly
Halloween Spooktacular event with over 1,500 attendees. These events are geared toward
strengthening the family unit by creating an enjoyable experience for all family members.
Park Development
Projects completed as of June 30, 2015 include:
• Purchase and installation of additional amenities for the Central Park Pavilion including trash
receptacles, picnic tables, and lights.
• Replacement of play equipment and surfacing at Spruce Park
• Sidewalk improvements at Etiwanda Creek Park to accommodate ADA
Projects awarded and/or started in Fiscal Year 2014/15 include:
• Los Amigos Park (formerly Southwest Park) Architectural/Design Services
• Central Park Trailhead Improvements Architectural Design Services
• Victoria Gardens Cultural Center Courtyard Architectural /Redesign Services
• Victoria Gardens Cultural Center Loading Bay Architectural/Design Services
Additional Department Activities
Volunteer opportunities continued to grow and expand this past year as staff continued to find new
ways to utilize volunteers throughout the City. During the last year, volunteers worked at numerous
events and activities. Annually over 60,000 hours of volunteer services are provided by the
Department's volunteer core. Providing opportunities for citizen involvement is an important
aspect of the philosophy of the City and the Department.
The Rancho Cucamonga Epicenter is home to the highest attendance ranked Southern California
team in the Single `A' Baseball League, the Rancho Cucamonga Quakes. The team is a California
Affiliate of the Los Angeles Dodgers. Quakes' baseball is played on the Stadium field between
April and September each year. On non -game days and during the off - season, the facility is
available for rent.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Police Department
The City of Rancho Cucamonga contracts with the San Bernardino County Sheriffs Department
for general law enforcement services. During FY 2014/2015, the Police Department had 133 sworn
officers, 41 professional (general) employees and more than 90 volunteers which included
Reserves, Citizen Patrol, Equestrian Patrol and Explorers. In addition to basic patrol services, the
Rancho Cucamonga Police Department also provides the following: School Resource Officers (4),
Bicycle Enforcement Team, Multiple Enforcement Team, Solution Oriented Policing Team,
Traffic Division, Detective Bureau and Retail Theft Team (Victoria Gardens).
The Rancho Cucamonga Police Department is forward thinking and progressive. The Department
embraces technology in an effort to support efficient and resourceful policing. This led to the
development of an organizational methodology which invests in technology and simultaneously
supports quality of life policing. The Rancho Cucamonga Police Department strives to provide high
caliber police services to the citizen of Rancho Cucamonga. This partnership allows for an
increased support from the public and the ability of the Police Department to meet the needs of the
community.
Automated License Plate Readers (ALPRs)
ALPR uses video cameras in combination with infrared (IR) illuminators that are capable of
capturing the image of the front or the rear of a vehicle that passes through its field of vision. Each
ALPR vehicle is equipped with two or three camera systems and an onboard computer. The
technology has the potential ability to capture up to 3,000 license plates per hour. The captured
license plate characters are checked against the hotlist of known license plates in the onboard
computer. If the plate in the image is found in any of the hotlists, the system alerts the operator.
There are currently five fixed ALPRs camera locations located throughout the city and ten mobile
ALPRs affixed to marked police cars.
Drug Detection K -9
The Rancho Cucamonga Police Department acquired a 2 %2 year old
Labrador named Smokey. Smokey is a certified drug detection K -9 that
detects marijuana, methamphetamine, heroin and cocaine. Smokey
searches cars, houses, buildings, sheds, lockers, and schools among other
places. Smokey is also very social and made several public appearances
including appearances at elementary schools and faith based organizations.
Since Smokey deployed in March 2015, he made numerous seizures in the
city that included several pounds of illegal drugs. Having a drug detection
K -9, reduces search time and increases investigative efficiency.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Zero Motorcycles
The Department purchased four Zero FXP electric
motorcycles. The Zero's are used for enforcement
in the Cucamonga Canyon, Pacific Electric Trail,
Etiwanda Preserve and city parks. The Zero's are
effective because they are quiet and do not create
the noise of a gasoline powered motorcycle. This
allows deputies the ability to traverse areas and
not disturb the public and also have the element of
surprise for criminal activity.
Upgraded Incident Command Vehicle
The Incident Command Vehicle (ICV) is a four wheel drive rapid deployment communications and
command platform designed to be used in the event of an emergency, critical incident, or natural
disaster. The vehicle is used as a first responding unit with mid -level communications capabilities.
The ICV is designed to be relieved by larger more stable command post vehicles should an incident
evolve or develop into something bigger than the ICV's capabilities. The ICV was originally
designed and built approximately ten years ago and was in dire need of updates. The following is
a list of upgrades completed during the fiscal year:
• Two new MDC's (Mobile Data Computers) replaced older nonfunctional machines
• One new 800 MHz radio was added and three existing radios upgraded
• New emergency lighting was added and older lighting replaced
• The battery and charging system were upgraded to support more electronics.
• A secure idle system and mobile Wi -Fi were added to support internet connectivity.
• Two monitors and an Apple TV system were added to a refurbished command console in the
back of the unit. These monitors and Apple TV allow users to connect to live news coverage
of events as they unfold. They also allow for the use of additional electronic devices such as
iPads, iPhones and portable computers connected through them.
• A new exhaust system was designed to redirect exhaust away from the vehicle.
Expansion of Solution Oriented Policing
The Solution Oriented Policing (SOP) Unit was enhanced with the primary goal to investigate sex
trade crimes with a strong focus on unlawful massage businesses. By June of 2015, deputies
coordinated the largest massage establishment operation in the history of the Sheriff's Department.
This was the first of many operations to weed out the illicit and less desirable establishments from
our city. These locations have a propensity to harbor victims of the sex trade and human trafficking.
Through the combined efforts of the Police, Fire, Planning, Business Licensing, Building Safety
and the City Attorney's Office, twelve (12) locations were permanently closed. SOP deputies work
meticulously with all city departments to eliminate problem establishments and discourage the
entrance of less desirable establishments.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Fire Deuartment
The Rancho Cucamonga Fire Protection District (District) is responsible for Community Risk
Reduction, Emergency Response, and Emergency Management /Disaster Resiliency. District
personnel are dedicated to the preservation of life and property in service to the community. The
continuous goal is to deliver these services in an effective, efficient, and professional manner.
The District emphasizes a risk reduction strategy to educate the community and enforce life safety
regulations that are designed to protect natural resources, secure the economic vitality of the
community, and improve the quality of life for its citizens. The District's emergency response
platform consists of seven paramedic- staffed engine companies and two ladder companies
operating out of seven fire stations. These crews are trained and equipped to handle a variety of
emergency situations. They are strategically deployed throughout the City to ensure a rapid and
effective response designed to quickly assess the emergency situation and initiate actions that will
stop its escalation and bring it under control. In this way, Fire District members save lives, reduce
the impacts of injury and illness, preserve property, and protect the environment. The Fire District
also supports the Citywide Emergency Management program. This program works with public and
private stakeholders to improve the community's disaster resiliency through preparedness,
mitigation, response, and recovery planning.
Working in conjunction with other providers such as the San Bernardino County Sheriff's
Department's Rancho Cucamonga Station, the District has been a vital partner in public safety in
the community since the formation of the Alta Loma Fire District in 1931. The District continues
this tradition of service by constantly reviewing and refining its administrative and operational
procedures and policies in order to ensure its resources are maximized in this effort.
During the 2014/15 fiscal year, District staff accomplished the following to maintain and improve
existing services levels in accordance with Council approved goals:
• Completed the major Capital Maintenance Projects at the Jersey Station, Banyan Station, and
the Fire Maintenance Facility
• Replaced a set of Heavy Rescue Air Lifting Bags
• The District received sixty-one (61) Self- Contained Breathing Apparatus (SCBAs) in
conjunction with the City of Ontario Fire Department regional grant award from the 2013
Assistance to Firefighter's Grant (AFG) from the Federal Emergency Management Agency
(FEMA) and the Department of Homeland Security (DHS).
• Continued waiving Fire Inspection Fees
• Issued a contract for a construction management firm to manage the Fire All -Risk Training
Center construction project
• Completed the bid process and ordered a new replacement fire engine
Library Services
The Library Services Department was once again very busy in Fiscal Year 2014/15. In the
past fiscal year, the Department checked out almost 1.1 million books, DVDs, CDs, eBooks,
and magazines, and issued over 12,000 new library cards. Over 80,000 people used a library
computer and 38,000 youngsters attended a library program. Currently, over 200,000
borrowers own a Rancho Cucamonga library card and enjoy a collection of over 300,000 titles,
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
310 magazine and newspaper subscriptions, and free access to over 70 PCs through "The Three
Amazing Libraries" of Rancho Cucamonga.
Other Library highlights include:
Children's and Teen Services
• More than 38,000 youngsters came to our libraries to enjoy the popular story time programs.
With twenty -two times each week at our two locations, the preschool, toddler, school -aged and
teen programs offer something for children of every age.
• The Summer Reading Program had over 5,000 children and teens, helping them to maintain
their reading skills during the summer months.
• The popular "Kidsmobile" bookmobile provides service to elementary schools. Our distinctly -
designed bookmobile visits children at their school sites. The "Kidsmobile" checked out
almost 60,000 items to children during this past fiscal year.
• Thanks to grants received from the Southern California Gas Company, the Library was able to
present a series of STEM (Science, Technology, Engineering and Mathematics) programs for
children ages 6 -12.
• Children's Services staff also participated in a Statewide early learning initiative with
Touchpoints and the Brazelton Institute where five of our staff are going through an intensive
training program and one will end up as a trainer.
• One of the Library storytimes was also featured on the Channel 7, ABC News during National
Library Week.
Senior Services
The Library's "Housecalls" outreach program delivers library materials via volunteers to
community members who cannot come to the library. This service reaches more than 60
Rancho Cucamonga residents, and we deliver library materials ranging from books to DVDs
to recorded books on CD.
Outreach Services
• The Library had lots of outreach visits in 2014/15, from school events to festivals to farmer's
market visits to health fairs to National Night Out to neighborhood events. Probably the most
significant addition in the last year was outreach to promote the Summer Reading Program
which included about 15 visits to local schools, talking to about 15,000 children.
Information and Virtual Library Services
• Between the Adult and Children's Information Service desk and our Virtual Library, over
170,000 information questions were answered during the past fiscal year.
• Over 80,000 library customers used our free, public access computers or Wi -Fi network to
search for jobs, send email, create resumes, type up school reports or just surf the Internet,
while over 1,600 children, teens and adults took advantage of free, hands -on computer classes.
• Both the Biane and Archibald Libraries are certified U.S. Department of State Passport
Acceptance Agencies, which add an addition revenue stream for the Library seven days a week.
This year was a record year for passport services.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
• The Library was contracted by the California State Library to carry out the "Staff Innovation
Fund" to libraries across the State of California. This grant created another new revenue stream
for the Library as well as offering a new, innovative training program to other public libraries
in California.
Literacy Services
• Over fifty active literacy tutors and learner pairs call the Library their home to improve literacy
skills. The continuation of this program is possible due to on -going support from the State
Library, Community Development Block Grant funds, corporate and private donations.
• The "Back to Basics" Children's Literacy Program served another class of 150 youngsters,
improving the reading level of each child and promoting reading and literacy as a pathway to
success.
Volunteer Services
Between the Friends of the Library and the regular volunteers, 13,000 hours of volunteer time
were donated in this fiscal year.
The Friends of the Library volunteers accounted for 8,000 hours of volunteer time for sorting,
staffing, and managing the Friends Bookstore at both libraries. The Friends Bookstores raised
over $130,000 for the Library in Fiscal Year 2014/15.
Library Foundation Highlights
• In the past year, the Library Foundation donated over $50,000 towards various library
programs, including the well - attended Cultural Arts Nights, Summer Reading Club, staff
development, and the Play and Learn IslandsTM
Goals for Next Year
• The Library will move forward with construction for the second floor of the Biane Library,
resulting in a large programming space, art room, classroom, early learning room, and
STEM lab. In addition, the Library will continue to aggressively pursue grant funds from
numerous agencies, in particular to continue work on the development of the second floor
of the Biane Library.
• The Library is working with the California State Library on further expanding the "Staff
Innovation Fund" program to make it available to more libraries on a statewide basis.
There are also several smaller grants that are being worked on, including the Big Read and
grants from Southern California Gas and Southern California Edison.
City Management
As the administrative head of city government, the City Manager is appointed by the City Council
to enforce municipal laws, direct daily operations of the City, make recommendations to the
Council, prepare and monitor the municipal budget, appoint and supervise all City department
heads and employees, and supervise the operation of all City departments. The City Manager is
responsible for implementing policies adopted by the City Council; preparing and submitting the
annual budget and administering the day -to -day operations of the City.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
As part of these responsibilities, the City Manager's Office oversees various citywide and
interdepartmental projects and efforts. These include:
Healthy RC
Under the leadership of the City Manager's Office, Rancho Cucamonga has developed an
innovative Healthy RC program. This program is unique in its holistic approach to encouraging
residents, businesses, and our own organization to adopt healthy, active, and sustainable lifestyles
and practices. This approach brings together both new and existing efforts of each City Department
with the goal of improving the quality of life in our community.
Healthy RC highlights include:
• Rancho Cucamonga was named the Most Innovative City by the National League of Cities for
its innovative policies, programs, strategies, and impact on reducing childhood
obesity. Rancho Cucamonga and Healthy RC were also recognized for achieving gold medals
in all five Let's Move! Cities, Towns and Counties (LMCTC) goal areas. This is the highest
distinction a community can receive from the LMCTC initiative. Out of 457 participating
cities, only 23 cities (including Rancho Cucamonga) earned five gold medals.
• The City of Rancho Cucamonga was awarded its first ever Helen Putnam Award for Excellence
by the League of California Cities for its Healthy RC Youth Leaders program in the category -
Ruth Vreeland Award for Engaging Youth in City Government. This category recognizes
recipients for youth programs that promote community collaboration and civic engagement and
engage youth in the public decision - making process. The Healthy RC Youth Leaders program
demonstrates how local youth and city government can work collaboratively to improve health
and wellness.
• The California Association of Public Information Officers (CAPIO) awarded Healthy RC the
2015 Excellence in Communications Award of Merit for the graphics design of the Join the
Healthy RC Picture brochure.
• Rancho Cucamonga and Healthy RC is one of 20 communities nationwide to receive a
Roadmaps to Health Action Award. The award program, a collaboration between the Robert
Wood Johnson Foundation and the University of Wisconsin Population Health Institute,
recognizes communities across the nation that have engaged their community and
demonstrated efforts to improve the health and wellness of everyone.
• For the fifth consecutive year, Rancho Cucamonga was awarded a Playful City USA
designation by KABOOM! for its continued commitment to creating opportunities for
play. Rancho Cucamonga is one of 241 cities across the county and one of 28 California cities
named 2015 Playful City USA honorees.
Green Sustainability
The City Manager's Office has taken the lead in the citywide green sustainability efforts and
implemented the Healthy Earth program, which strives towards a greener, cleaner Rancho
Cucamonga. Staff has identified efforts to minimize the City's operations and the community's
environmental impacts to reduce greenhouse gas emissions in the areas of transportation, land use,
open space, green building, energy efficiency, economic development, public health, waste
reduction, water and wastewater systems, and green purchasing. The focus in FY 2014/15 was to
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
strengthen the environmentally sustainable initiatives in City operations, local partnerships, and
encourage Rancho Cucamonga residents and businesses to be more environmentally
conscious. Some of the accomplishments under this initiative include:
• Transitioned the City's electric vehicle charging stations to a paid system (June 2015)
• Completed a Request for Proposal for "Solar Photovoltaic Systems at Various City Facilities"
(April 2015)
• Added two new businesses to the Green Business Recognition Program (April 2015)
• Received recognition as one of the top three cities in the statewide CoolCalifornia Challenge
to engage residents in energy efficiency and a Pacific Electric Trail rest stop was constructed
to memorialize this accomplishment (October 2014)
• Updated the City's Green Purchasing Ordinance and held a citywide staff training session
(April 2015)
Community Information Program
The City Manager's Office oversees the citywide Community Information Program. The mission
of the Community Information Program is to provide accurate, open and comprehensive
information about the City of Rancho Cucamonga and its programs, policies, services, and future
plans in a timely manner to those who live, work and play in the city. The Communications
Division supports this mission and promotes the city's brand with the use of a variety of information
outreach technology and communication tools such as: publication of the Rancho Reporter; news
releases; media relations, RCTV -3, the City's Government Access Channel; e- newsletters,
brochures, flyers, city -wide initiative participation; and provides messaging, media relations and
public relations counsel to City departments.
Legislative Affairs Program
The City Manager's Office coordinates a very active legislative program that focuses on protecting
the interests of our community and identifies resources available to enhance City services and
programs. Legislative efforts include researching and monitoring federal and state bills, preparing
position papers and letters in response to proposed legislation and working with legislative
representatives and their staff to promote the interests of the community at the state and federal
level.
During the 2015 Legislative Session, the City tracked 31 state and federal bills and sent several
letters to state and federal legislators and the Governor advocating our position on certain
legislation and issues.
Additionally, as the City Council actively participates in regional agencies and boards, the City
Manager's Office provides assistance and support to assist the Council in these positions. The inter-
governmental agencies the City participates in include San Bernardino Associated Governments
(SANBAG), Omnitrans, Southern California Associated Governments (SLAG), and Metrolink.
City officials are also actively involved in, and have taken on several leadership positions with, the
League of California Cities, a statewide association that advocates for the interest of cities. The
City Manager's Office regularly coordinates regional meetings for the League of California Cities
Inland Empire Division and provides topics and speakers that are of interest to local government
officials.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Ombudsman
The City Manager's Office strives to ensure that the City provides the highest level of customer
service. The City Manager's Office is available to assist residents with any city- related issue. The
staff in the City Manager's Office helps residents in person, over the phone, and via email through
the City's General Information email account.
Cable Television Franchise Administration
The City Manager's Office monitors the State - issued franchise agreements, with an emphasis on
citizen concerns. Charter Communications, Time Warner Cable, and Verizon FIOS TV provide
cable TV service in the City of Rancho Cucamonga under state franchise agreements from the
California Public Utilities Commission (CPUC). The City Manager's Office works with the cable
companies to resolve customer service issues and ensure the very best possible service to Rancho
Cucamonga citizens..
Performance Measurement
The City Manager's Office oversees the distribution of data related to the activities of city
departments. In previous years, this data was published in a biannual Department Statistics Report,
which provided the City Council and the public with information about key performance measures
such as the average response time for Police calls, the number of capital improvement projects
completed by Engineering Services, and the number of potholes repaired by the Public Works
Department, to name a few.
In 2014, the City Manager's Office began the process of transitioning the publication of this data
from a hardcopy report format to an online dashboard with interactive charts and maps that provide
more timely data updates and tracks the city's progression towards meeting key performance goals.
The first phase of this project was completed in April 2015 with the release of the Public Safety
Performance Dashboard, which highlights the activities of the City's Police Department and Fire
Protection District. Staff is currently working on an expansion of the dashboard to include the
release of additional city data in categories such as Community Development, Health and
Sustainability, Governance and Finance, and Community and Cultural Services. The expanded
dashboard is anticipated to go live in summer 2016 and will provide the public with a
comprehensive view of the activities taking place throughout the city.
City Clerk's Office
The City Clerk's Office is responsible for preparing agendas and minutes for all City Council, Fire
Protection District, Successor Agency, and Public Financing Authority meetings as well as agendas
for the Oversight Board and various City Council Subcommittee meetings. The office is also
responsible for the processing and maintaining of all bonds and their releases,
contracts /agreements, recorded documents, resolutions, and ordinances. The City Clerk's office
also prepares notices of public hearing for the newspaper, receives and opens bids for city projects,
and maintains the Municipal Code book.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
In 2014, the office coordinated the November 4, 2014 municipal election. From July to November,
the office assisted candidates in filing papers stating their intention to run for office, the filing of
campaign statements and economic interest statements, and worked closely with the San
Bernardino County Registrar of Voters Office. In addition, the City Clerk's office and the City
Attorney's office led a multi - Departmental task force in reviewing and updating the Rancho
Cucamonga Municipal Code.
The Records Management Division maintains a comprehensive records management program. The
Division has the ultimate responsibility of maintaining and retrieving all city documents and
information requested by the public as well as City staff. In addition, the Records Management
Division accepts appeals and coordinates the hearing schedule as well as receiving subpoenas and
claims for the City of Rancho Cucamonga.
Animal Care and Services
As an open admission municipal Animal Center, the Animal Care and Services Department
(AC &SD) provides care, shelter, and adoption services for more than 5,000 homeless, abandoned,
and abused animals each year. The Department, which began operating in May 2006, relies on the
support of the community to work towards achieving their mission of building a community in
which every adoptable pet finds home.
The Animal Care and Services Department is also committed to protecting the health, safety and
welfare of the community. The Field Services Department responds to requests for service such as
impounding stray animals, pick up of deceased animals, rescuing animals in distress, enforcing
animal laws and investigating animal neglect cases and nuisance animals complaints. The
Department provides emergency services for injured or sick stray pets, vicious /aggressive animals,
and police and fire assistance on a 24/7 basis.
Community involvement is an important component for the Animal Care and Services
Department. This includes the development of a strong volunteer program, a foster care program,
working with rescue groups and other Centers, attending community events, and adoption
promotions.
Volunteers
The Department offers a wide variety of volunteer opportunities in areas such as dog walking, cat
socialization, pet grooming, and pet photography, as well as traditional opportunities such as
computer services, clerical, and cleaning. Additionally, the Animal Center has an active volunteer
fundraising committee that is committed to community engagement and collecting donations.
Increasing Adoptions
In Fiscal Year 2014/15, the Animal Center opened its first 24 hour a day neonatal kitten
nursery. The objective of the nursery is to improve the success rate of over 700 kittens between
the ages of 1 day old to 8 weeks old that are received by the Center annually and require around
clock specialized care. Once the kittens reach 8 weeks of age, they can be adopted into new
homes. The nursery is supervised by staff, but primarily volunteer driven. Also in Fiscal Year
2014/15, the Center expanded its programs for feral cats to include a community cat program where
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
all healthy feral cats received by the Center are sterilized, vaccinated, and microchipped and
returned to the colonies they lived in. Both these programs improved the adoption placement rates
of cats received by the Center.
The Department also used social media, photography, videos and adoption promotions such as
Home for the Holidays, Me and My Shadow, Name Your Price Adoption Event and $5 Feline
Fridays to help our furry friends find new homes.
Medical Services
The Center's veterinarian continued to expand the types of surgeries able to be performed
(including orthopedic surgeries) and the types of critically injured or sick patients the Center is able
to care for. The Department's surgical program averages about 55 to 60 spay and neuters a week
plus restoration and corrective surgeries. To help with the work load without increasing costs, the
Center's veterinarian maintains partnerships with the following educational institutions to provide
students to help in the surgical and medical areas at no cost to the Department:
• Western University — 4t' year veterinary students
• Fontana Unified School District — ROP Students
• Platt College — RVT students
Community Resources
The Department sponsored several fundraising events this year and continued attempts to reach out
to the community. They hosted their Furry Friends Flea Market, Bark in the Ballpark, Open House
and Furry Friends Festival, and Pet Walk a Thon. Funds raised will go directly back into more
community programs in the upcoming fiscal year.
Program Growth
The Department continues to expand community programs that will contribute to placement of
animals in new homes and reducing the number of animals that enter the Center annually. Using
funds raised through fundraising events, the Department hosted a free microchip and vaccination
clinic and two Operation Cat Nip events during the year. Operation Cat Nip offers a free spay or
neuter and vaccines for the outdoor /free roaming cats in Rancho Cucamonga.
Another program which is important to the placement of adoptable pets is the Department's rescue
program. This program is a partnership with private, nonprofit groups who take pets from the
Center and place them into suitable homes. The Department continues to expand its rescue and
adoption partnerships with local and out of state Animal Shelters. For example, to help address the
problem of high number of small dogs that enter the Center, the Department continued its
partnership with an Animal Shelter in Maine that does not receive many small dogs and was able
to send over 40 of the Center's small dogs to them for adoption.
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December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
Administrative Services Grou
The Departments and Divisions of the Administrative Services Group are unique in comparison to
other City departments. While line departments typically provide services only to the public, the
Administrative Services Group provides services and support primarily to internal staff (including
the City Council, the City Manager, the various City departments and employees) with some
service areas crossing over into the public arena. The group's major service areas are:
Administration, Finance, Treasury Management, Human Resources, Risk Management,
Purchasing, Business Licenses, Special District Administration, Geographical Information
Systems, and Information Services.
The Administrative Services Group continued making progress on projects that were started during
the previous fiscal year as well as some new projects initiated during the 2014/15 fiscal year. A
summary of each of these projects by division follows.
Administration Division
One of the responsibilities of the Administration Division is to facilitate and coordinate intra- and
inter - departmental programs. During this fiscal year, the Division facilitated numerous training
programs including the Leadership Academy and the Supervisory Training Program. The Division
has continued the City's efforts toward the long -term fiscal sustainability of the City's landscape
maintenance and street lighting districts, working with the GIS /Special Districts Division and
Public Works Services Department.
Finance Department
The Finance Department of the Administrative Services Group provides for the administration of
financial activities such as payroll, accounts payable, accounts receivable, audits, preparation and
monitoring of the budget, revenue recording and tracking, preparation of financial statements, and
the establishment and maintenance of a fixed asset inventory. Finance is also responsible for
business licensing and treasury management.
The Finance Department applied for and received its 27th consecutive Government Finance
Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting
(Certificate of Achievement). The Certificate of Achievement is an award designed to recognize
and encourage excellence in financial reporting by state and local governments. It is the highest
form of recognition in governmental accounting and financial reporting, and its attainment
represents a significant accomplishment by a government and its management. The Department
also applied for and received its 3rd consecutive GFOA Distinguished Budget Award.
In early 2015, the Department completed the League of California Cities new California Municipal
Financial Health Diagnostic. The Diagnostic indicated that the City's General Fund is in a very
healthy condition. See additional discussion of the results of the Diagnostic in Management's
Discussion and Analysis within the Financial Section of this document.
The Finance Department's Business License Division ensures compliance with City codes as they
relate to business licenses, as well as transient occupancy and admission taxes. During Fiscal Year
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To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
2014/15 staff processed approximately 10,083 business license applications (7,810 renewals and
2,273 new filings), inspected 553 businesses, and collected revenues totaling $2,401,773.
The Treasury Management Division of the Finance Department, in accordance with the "Prudent
Person Rule," invests and monitors all idle funds to maximize and safeguard taxpayer dollars. The
Division continually monitors the various services provided by its financial institution to ensure
that the City is receiving the most comprehensive services for the most economical price.
During FY 2014/15, the Division submitted the City's Investment Policy to the California
Municipal Treasurers Association (CMTA) for certification. In November 2014, the Finance
Department was notified that the City of Rancho Cucamonga's Investment Policy earned the
CMTA Investment Policy Certification. The CMTA Investment Policy Certification certifies that
the City's Policy complies with the current State statutes governing the investment practices of
local government entities located within the State of California.
Human Resources Department
The Human Resources Department is responsible for managing a broad range of employment
related services including employee recruitment, selection, classification, compensation, employee
development and labor relations. In addition, the department provides risk management services
including worker's compensation and general liability programs, employee wellness and safety.
Key accomplishments this year include the following:
• Oversight of reporting and compliance with the Affordable Health Care Act.
• Worked to improve the efficiency and effectiveness of the Department's practices and
procedures in order to provide better service to internal and external customers.
The Risk Management Division of the Human Resources Department is responsible for ensuring
employee safety, the prompt and fair delivery of workers compensation benefits, risk assessment
and cost effective risk transfer when appropriate, litigation management, and the fair and fiscally
responsible analysis of third -party claims.
Geographic Information Systems /Special Districts Division
The City of Rancho Cucamonga shines brightly through its innovative use of GIS technology and
applications. Rancho Cucamonga's dedicated enterprise GIS (REGIS) serves as a better way to
maintain, manage, and share geographic information throughout City departments. GIS is an
integral part of the daily operations and functions in the City. The Division is able to analyze,
query, and display data to provide timely information needed to make better decisions. REGIS
handles a large number of map and data requests from all City departments as well as from local
residents, businesses, schools, and other agencies. REGIS uses GIS and cutting edge technologies
to develop solutions that connect the City and the community, engage citizens, and improve
business processes in order to deliver efficient and effective services while being responsive to the
needs of our customers. The Division also manages all the City's special assessment districts and
is charged with responsibility for the City's telecommunication needs.
Division highlights this year include the following:
xxxl
December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
• In July 2014, REGIS was awarded the prestigious President's Award in GIS, the highest honor
awarded by Esri in GIS, for REGIS' vision, leadership, hard work, and innovative use of GIS
technology to serve its citizens.
• Continued to develop the REGIS Connect Program to provide services to our city and agency
partners that are in need of our expertise and generate revenue to offset GIS division costs.
Services provided include: GIS Needs Assessment, project management, data development
and data collection, application development, training and support services.
• With regard to Special Districts Administration, the Division managed the refinancing of a
bond issue in Community Facilities District 2000 -03 in order to take advantage of interest rate
savings without extending out the life of the bonds. The transaction was completed in July
2014. These savings will go back to the property owners in these districts, lowering their
assessments beginning with the December 2015 tax bill payments.
• The Special Districts Division placed over $27.3 million in special taxes and assessments on
the 2015/16 Tax Roll for the City's 35 special districts.
• Researched options available for upgrading the City's phone system.
Information Services Division
The Information Services Division of the Administrative Services Group provides research and
development in client server computer and personal computer applications. The Information
Services Division continues to strive to be on the cutting edge of technology, thus increasing the
productivity and service levels to the City users and patrons. The advances described are designed
to progressively build upon the City's technology base to improve, expand and respond to the
demands of the public for vital services in police, fire, safe roads, youth and adult recreation, tax
and financial transactions, community and home development and many more.
In FY 2014/15, Information Services continued the replacement of aged equipment and upgraded
applications to maintain reliable and progressive services for our staff and community. The
Division also worked with staff from the Community Development departments to add electronic
document submittal capability to the Accelerate land management software, making the entire
permit process an online activity rather than requiring a trip to City Hall.
Purchasine Division
The Purchasing Division of the Administrative Services Group is authorized to procure services or
goods for the best value at the best price, from the most responsive vendor. It acts as the City's
centralized procurement agent and authorizes all City purchases by ordinance requirements. It is
also charged with the disposition of surplus or obsolete property.
Division highlights this year include the following:
In May of 2015, the Purchasing Division submitted an application for the 2015 Achievement
of Excellence in Procurement (AEP) award. Each year the criteria changes in order to keep up
with innovations and best practices in public procurement. The Purchasing Division is one of
only forty -nine (49) agencies in CA and one of only sixty -five (65) cities in the United States
and Canada to receive the award in 2015. This is the seventh consecutive year that the
Purchasing Division has been the recipient of the AEP award.
xxxii
December 3, 2015
To the Honorable Mayor, Members of the City Council
and Citizens of the City of Rancho Cucamonga
• Efficiently disposed of surplus City assets through online bidding applications to generate
$43,642 in additional revenue for the City.
• In July of 1.015 began receiving Bid and Proposal responses electronically. This process
eliminates the requirement for large quantities of responses to be submitted on paper and is an
environmentally friendly process.
111. AWARDS AND ACKNOWLEDGEMENTS
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in Financial Reporting to the City of Rancho
Cucamonga for its comprehensive annual financial report (CAER) for the fiscal year ended June
30, 2014. The Certificate of Achievement is a prestigious national award recognizing conformance
with the highest standards for preparation of state and local government financial reports.
In order to be awarded a Certificate of Achievement, a government must publish an easily readable
and efficiently organized comprehensive annual financial report. This report must satisfy both
generally accepted accounting principles and applicable legal requirements.
A 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 twenty-seven consecutive years.
We believe that our current comprehensive annual report continues to meet the Certificate of
Achievement Program's requirements, and we are submitting it to the GFOA to determine its
eligibility for another certificate.
The preparation ofthis report could not have been accomplished without the efficient and dedicated
service of the entire staff of the Finance Department and the administrative staff of the
Administrative Services Department. We appreciate and would like to commend all the City
departments who assisted and contributed material to this document. We also recognize and would
like to acknowledge the Mayor and members of the City Council for their interest, dedication, and
constant support in planning and conducting the financial operations of the City in a responsible
and progressive manner.
Respectfully submitted.
John R. Gillison Namara L. Lavn
City Manager Finance Director
xxxiii
CITY OF RANCHO CUCAMONGA
CITY OFFICIALS
JUNE 30, 2015
City Council
Name Term Expires
L. Dennis Michael Mayor 2018
Sam Spagnolo Mayor Pro -Tem 2016
William J. Alexander Council Member 2018
Lynne Kennedy Council Member 2016
Diane Williams Council Member 2018
Administration and Department Heads
City Manager
John R. Gillison
Assistant City Manager
Linda Daniels
Deputy City Manager /Administrative Services
Lori Sassoon
Deputy City Manager /Economic and Community Development
Jeff Bloom
City Attorney
James L. Markman
Treasurer (term expires 2016)
James Frost
City Clerk (term expires 2016)
Janice C. Reynolds
Assistant City Clerk/Records Manager
Linda Troyan
Animal Services Director
Veronica Fincher
Building and Safety Services Director
Trang Huynh
Community Services Director
Nettie Nielsen
Engineering Services Director /City Engineer
Mark Steuer
Finance Director
Tamara L. Layne
Fire Chief
Mike Costello
Human Resources Director
Robert Neiuber
Library Director
Michelle Perera
Police Chief
Danielle Boldt
Public Works Services Director
Bill Wittkopf
xxxiv
CITY OF RANCHO CUCAMONGA
ORGANIZATION CHART
Citizens
of
Rancho Cucamonga
City Clerk I I City Council
City
City Manager
City Treasurer
Administrative
Animal Care
Police
Economic and
Services
and Services
Department
Community
iin/GIS/IS/Pureh/Spee Dist
Development
Community
Fire
Services
District
Finance
Library
Human
Services
Resources
Building and I I Engineering Planning I I I I Public Works
Safetv Services Services
xxxv
M 0 1�
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Rancho Cucamonga
California
For its Comprehensive Annual
Financial Deport
for the Fiscal Year Ended
June 30, 2014
Executive Director /CEO
xxxvi
City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2015
Financial Section
THIS PAGE INTENTIONALLY LEFT BLANK
LSE �::
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
To the Honorable Mayor and Members of the City Council
City of Rancho Cucamonga, California
Report on the Financial Statements
• David E. Hale, CPA, CFP
• Donald G. Slater, CPA
• Richard K. Kikuchi, CPA
• Susan F. Matz, CPA
• Bryan S. Gruber, CPA
• Deborah A. Harper, CPA
• Gary A. Cates, CPA
• Michael D. Mangold, CPA
• David S. Myers, CPA
We have audited the accompanying financial statements of the governmental activities, the business -type
activities, each major fund, and the aggregate remaining fund information of City of Rancho Cucamonga,
California, (the City) as of and for the year ended June 30, 2015, and the related notes to the financial
statements, which collectively comprise the City's basic financial statements as listed in the table of
contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditors' Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the entity's
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Lance, Soil & Lunghard, LLP 203 North Brea Boulevard Suite 203. Brea, CA 92821 TEL 714.672.0022 Fax 714.672.0331
Orange County Temecula Valley Silicon Valley
www.lslcpas.com
LSE�::
CERTIFIED PUBLIC ACCOUNTANTS
To the Honorable Mayor and Members of the City Council
City of Rancho Cucamonga, California
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business -type activities, each major fund,
and the aggregate remaining fund information of the City of Rancho Cucamonga, California, as of
June 30, 2015, and the respective changes in financial position and, where applicable, cash flows thereof
for the year then ended in accordance with accounting principles generally accepted in the United States
of America.
Change in Accounting Principle
As discussed in Note 1 to the financial statements, in 2015 the City adopted new accounting guidance,
GASB Statement No. 68, Accounting and Financial Reporting for Pensions — An Amendment of
GASB Statement No. 27 and GASB Statement No. 71.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis, the budgetary comparison information for the General Fund and major special
revenue funds, the schedule of changes in the net pension liability and related ratios for the agent
multiple - employer plans, the schedule of plan contributions for the agent multiple employer plans, the
schedule of proportionate share of the net pension liability for the cost sharing multiple employer plans
and the schedule of plan contributions for the cost sharing multiple employer plans as listed in the table of
contents be presented to supplement the basic financial statements. Such information, although not a
part of the basic financial statements, is required by the Governmental Accounting Standards Board, who
considers it to be an essential part of financial reporting for placing the basic financial statements in an
appropriate operational, economic, or historical context. We have applied certain limited procedures to
the required supplementary information in accordance with auditing standards generally accepted in the
United States of America, which consisted of inquiries of management about the methods of preparing
the information and comparing the information for consistency with management's responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic
financial statements. We do not express an opinion or provide any assurance on the information because
the limited procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements. The introductory section, combining and individual
nonmajor fund financial statements, schedules and statistical section are presented for purposes of
additional analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements and schedules are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records
used to prepare the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and certain additional procedures,
including comparing and reconciling such information directly to the underlying accounting and other
records used to prepare the basic financial statements or to the basic financial statements themselves,
and other additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the combining and individual nonmajor fund financial statements and
schedules are fairly stated in all material respects in relation to the basic financial statements as a whole.
2
LSE�::
CERTIFIED PUBLIC ACCOUNTANTS
To the Honorable Mayor and Members of the City Council
City of Rancho Cucamonga, California
The introductory and statistical sections have not been subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
November 24, 2015 on our consideration of the City's internal control over financial reporting and on our
tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on internal
control over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the City's internal control over
financial reporting and compliance.
Brea California
December 7, 2015
3
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MANAGEMENT'S DISCUSSION & ANALYSIS
RANCHO
CUCAMONGA
As management of the City of Rancho Cucamonga ( "City "), we provide for the City's financial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2015.
Since the Management's Discussion and Analysis (MD &A) is designed to focus on the current year's
activities, resulting changes, and currently known facts, we encourage the readers to consider the
information presented here in conjunction with additional information furnished in the Letter of Transmittal
and the accompanying basic financial statements. Comparative data on the government -wide financial
statements are only presented in the MD &A.
Financial Highlights
• The assets and deferred outflows of resources of the City of Rancho Cucamonga exceeded its liabilities
and deferred inflows of resources at the close of the fiscal year by $1,174,845,064 (net position).
• Beginning net position has been restated to decrease by $65,062,349 to implement the provisions of
Governmental Accounting Standards Board Statement No. 68 (GASB 68). The implementation of
GASB 68 resulted in a restated beginning net position of $1,146,583,163.
• The government's total net position increased by $28,261,901 after its beginning net position
restatement.
• As for the close of the current fiscal year, the City's governmental funds reported combined ending fund
balances of $422,048,710 with a net increase of $21,057,449 in fund balance.
• During the current fiscal year, the Successor Agency transferred land to the City in the amount of
$4,905,912 and bond proceeds to the Housing Successor Agency in the amount of $4,320,145. This
resulted in an extraordinary gain for the City and an extraordinary loss for the Successor Agency in the
total amount of $9,226,057.
• Subsequent to year end, the City received an adverse determination from the State Department of
Finance regarding the reimbursement of advances from the City to the Successor Agency. Management
determined it would be prudent to write off $9,521,226 of the advance from the City at June 30, 2015.
This resulted in an extraordinary loss for the City and an extraordinary gain for the Successor Agency in
the amount of $9,521,226.
Overview of the Financial Statements
The City is required to present its financial statements in accordance with Generally Accepted Accounting
Principles (GAAP), which includes complying with the Governmental Accounting Standards Board (GASB)
pronouncements.
Government -wide Financial Statements
Government -wide financial statements provide readers with a broad overview of the City's finances in a
manner similar to that of a private- sector business. These statements include the City and its component
units. As stated in Note 1.a. of the notes to the financial statements, the inclusion of an organization within
the scope of the reporting entity of the City of Rancho Cucamonga, as either blended or separately shown, is
based on the provisions of GASB Statement No. 14, The Financial Reporting Entity, and amended with
GASB Statement No. 61, The Financial Reporting Entity. Omnibus -An Amendment of GASB Statements No.
14 and No. 34. Although legally separate, component units function for all practical purposes as
departments of the City and, therefore, have been blended as part of the primary government. The City's
component units are: the Rancho Cucamonga Public Improvement Corporation, the Rancho Cucamonga
Fire Protection District, the Rancho Cucamonga Library, and the Rancho Cucamonga Public Financing
Authority.
5
These statements are designed to provide information about the activities of the City as a whole and present
a longer -term view of the City's finances. This longer -term view is intended to illustrate the City's ability to
continue functioning as a viable entity well beyond the next fiscal year's operations. The statements are
prepared using the accrual basis of accounting. The accrual basis of accounting considers money available
when earned and considers money spent when a liability is incurred. As such, this basis of accounting
focuses on measuring economic resources that are available to the City regardless of the timing of the
availability of those resources. For example, grant revenue may have been earned as of fiscal year end but
may not be received until several months subsequent to fiscal year end. Under the accrual basis of
accounting, this revenue would be recognized as a resource available to the City as of fiscal year end, even
though the actual cash is not received for several months. An example related to expenditures would be the
City's accrued interest liability. This liability is recognized as a usage of the City's resources as of fiscal year
end, even though the actual cash payment will occur over an extended period of time. The accrual basis of
accounting is similar to that used by most private sector companies. Accordingly, all of the current year's
revenues and expenses are taken into account regardless of when cash is received or paid. Additionally,
these statements reflect the capitalization and depreciation of infrastructure and other capital assets
(e.g., buildings, vehicles, furniture and fixtures, etc.) as well as the recognition of various long -term liabilities
(e.g., capital leases, claims and judgments payable, accrued employee benefits, etc.).
The government -wide financial statements distinguish functions of the City that are principally supported by
taxes, intergovernmental, and use of money and property revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of their costs through user fees and charges
(business -type activities). The governmental activities of the City include general government, public safety —
police, public safety — fire protection, public safety — animal center, community development, community
services, and engineering and public works. The City's business -type enterprise activities include the Sports
Complex, Rancho Cucamonga Municipal Utility (RCMU) operations, and Rancho Cucamonga Enterprise
Geographic Information Systems (REGIS) Connect.
The statement of net position presents information on all of the City's assets, deferred outflows of resources,
liabilities, and deferred inflows of resources, with the excess of total assets and deferred outflows of
resources over total liabilities and deferred inflows of resources reported as net position. This statement
includes changes in capitalized and depreciated capital assets. The purpose behind the statement of net
position is that, over time, increases or decreases in the net position are one potential useful indicator of
whether the financial position of the City is improving or deteriorating.
The statement of activities presents information showing how the City's net position changed during the most
recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the
change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in
this statement for some items that will only result in cash flows (both positive and negative) in future fiscal
periods (e.g., uncollected taxes and earned but unused vacation leave).
Both the governmental activities and the business -type activities are presented on the accrual basis of
accounting. Proprietary funds, discussed below, also follow the accrual basis of accounting.
The government -wide financial statements can be found on pages 23 through 25 of this report.
0
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The City, like other state and local governments, uses fund
accounting to ensure and demonstrate compliance with finance - related legal requirements. The fund
financial statements provide detailed information about the most significant funds and other funds. Some
funds are required by state law and by bond covenants. In addition, in order to meet legal responsibilities for
using certain taxes, grants, and other resources, prudent fiscal management requires the establishment of
other funds to help control and manage money. All of the funds of the City can be divided into three
categories: governmental funds, proprietary funds, and fiduciary funds.
By contrast to the government -wide financial statements, the governmental fund financial statements, a part
of the Fund Financial Statements, use the modified accrual basis of accounting which considers money
available when it is collectible within the current period or soon enough thereafter (60 days after the end of
the current fiscal period except for sales tax revenues which is 90 days) to pay liabilities of the current period.
Expenses are recorded when a liability is incurred. Debt service, claims and judgments, and accrued
employee leave benefits are not recorded as liabilities, they are expensed at the time a payment is due.
Note 1.c. of the Notes to the Financial Statements more fully describes each basis of accounting.
Governmental funds. Most of the City's basic services are reported in governmental funds, which focus on
how money flows in and out of those funds and the balances left at year -end that are available for spending.
The governmental fund financial statements provide a detailed short -term view of the City's general
government operations and the basic services it provides. Governmental fund information helps determine
whether there are more or fewer financial resources that can be spent in the near future to finance the City's
programs. The differences between the results in the governmental fund financial statements and those in
the government -wide financial statements are explained in a reconciliation following each governmental fund
financial statement (see pages 31 and 35 of this report).
The City maintains 65 individual governmental funds. Information is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and
changes in fund balances for the General Fund, the Citywide Infrastructure Improvement Special Revenue
Fund, the Housing Successor Agency Special Revenue Fund, and the Fire District Special Revenue Fund,
all of which are considered major funds. Major fund determination is based on guidelines pursuant to
Statement No. 34 of the Governmental Accounting Standards Board (GASB 34). Data for the other
61 governmental funds are combined into a single, aggregated presentation. The basic governmental fund
financial statements can be found on pages 26 through 33 of this report. Individual fund data for each of the
non -major governmental funds is provided in the form of combining statements and can be found on
pages 122 through 156 in this report.
The City adopts an annual appropriated budget for its General Fund. A budgetary comparison statement
has been provided to demonstrate compliance with this budget. This comparison can be found on page 104
of this report.
Proprietary funds. When the City charges its customers fees to cover the cost of the services it provides,
these services are generally reported in proprietary funds. The City maintains two different types of
proprietary funds: enterprise funds and internal service funds. Enterprise funds are used to report the same
functions presented as business -type activities in the government -wide financial statements. "Enterprise"
refers to the fund type while "business- type" refers to the activity type. The City uses enterprise funds to
account for its Sports Complex, RCMU, and REGIS Connect operations.
Internal service funds, by contrast, are an accounting mechanism used to accumulate and allocate costs
internally among the City's various functions. The City uses internal service funds to account for
vehicle /equipment replacement and computer equipment/technology replacement. Because these services
predominantly involve governmental rather than business -type activities, this fund type has been included
within governmental activities in the government -wide financial statements. Internal service funds are
presented as proprietary funds because both enterprise and internal service funds follow the accrual basis of
accounting.
7
In the fund financial statements section, proprietary funds provide similar information to that contained in the
business -type activities in the government -wide financial statements, only in more detail. The proprietary
fund financial statements provide separate information for the Sports Complex, RCMU, and REGIS Connect
operations, all of which are considered to be major funds of the City. All internal service funds are combined
into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for
the internal service funds is provided in the form of combining statements and can be found on pages 206
through 208 in this report.
The basic proprietary fund financial statements can be found on pages 36 through 38 of this report.
Fiduciary funds. Fiduciary funds are used to account for resources held in a trustee or agency capacity for
others and, therefore, cannot be used to support the government's own programs. Activities reported in this
category include special deposits, assessment districts, and the Successor Agency of the Former
Redevelopment Agency. As of February 1, 2012, the City elected to serve as the Successor Agency of its
former Redevelopment Agency (Successor Agency) which was dissolved by state law (see Note 14 to the
financial statements). The Successor Agency activity is accounted for in a private purpose trust fund. In
these cases, the City has a fiduciary responsibility and is acting as a trustee. The other activities reported in
this category are accounted for in an agency fund. An agency fund is used to report resources held by the
City in a purely custodial capacity. Fiduciary funds are not reflected in the government -wide financial
statements because the resources of these funds are not available to support the City's own programs. The
accounting used for fiduciary funds is much like that used for proprietary funds. The City's fiduciary activities
are reported in a separate Statement of Fiduciary Net Position on page 39 of this report. Individual fund data
for each agency funds is provided in the form of combining statements found on pages 212 through 224 of
this report.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the
government -wide and fund financial statements. The notes to the financial statements begin on page 41 of
this report.
Government -wide Financial Analysis
Our analysis focuses on the City's net position (Table 1) and the changes in net position (Table 2) as a result
of the City's activities. Comparative total data for the prior year has been presented. An analysis of the
significant increases /decreases from the prior year is provided after each table.
0
Net position:
TABLE 1
Net investment in
NET POSITION
capital assets
723,399
(IN THOUSANDS)
25,869
25,457
749,268
743,996
Restricted
294,289
JUNE 30, 2015
719
858
295,008
293,226
Unrestricted
Governmental
164,042
Business -Type
10,381
130,569
174,423
Activities
Activities
1,174,949
Total
36,696
1,174,845
2015
2014
2015
2014
2015
2014
Current and other assets
$ 495,169
$ 482,983 $
14,061 $
12,473
$ 509,230 $
495,456
Net pension asset
5,114
-
225
5,339
-
Capital assets, net
726,527
720,623
25,870
25,457
752,397
746,080
Total assets
1,226,810
1,203,606
40,156
37,930
1,266,966
1,241,536
Deferred outflows related to pension
6,871
-
175
-
7,046
-
Total deferred outlow
6,871
-
175
-
7,046
-
Current and other liabilities
12,097
10,982
1,303
1,234
13,400
12,216
Long -term net pension liabilities
49,702
-
1,135
50,837
-
Long -term obligations outstanding
16,261
17,675
-
-
16,261
17,675
Total liabilities
78,060
28,657
2,438
1,234
80,498
29,891
Deferred inflows related to pension
17,529
-
430
-
17,959
-
Total deferred inflow
17,529
-
430
-
17,959
-
Net position:
Net investment in
capital assets
723,399
718,539
25,869
25,457
749,268
743,996
Restricted
294,289
292,368
719
858
295,008
293,226
Unrestricted
119,694
164,042
10,875
10,381
130,569
174,423
Net position before restatement
1,137,382
1,174,949
37,463
36,696
1,174,845
1,211,645
Restatement of net position
-
(63,846)
-
(1,216)
-
(65,062)
Net position after restatement
$ 1,137,382
$ 1,111,103 $
37,463
$ 35,480
$ 1,174,845
$ 1,146,583
Net position, the difference between a government's assets and deferred outflows and its liabilities and
deferred inflows, may serve over time as one potential useful indicator of a government's financial position.
The government -wide statement of net position for the City's governmental and business -type activities
indicates that as of June 30, 2015, total assets and deferred outflows of resources (of which 59% represents
net capital assets of the City, including infrastructure) exceed total liabilities and deferred inflows of
resources by $1,174,845,064.
D
The following chart displays the proportionate sections of the City's net position.
NET POSITION
June 30, 2015
$1,174,845,064
Net investment in capital
assets
63.78%
Unrestricted
11.11%
Restricted for Public
benefit - Municipal
Utility
Restricted for--,----'
or Restricted for Restricted for
0.06%
Capital Community Restricted for Fire
3 71 %works
3.
projects services 71 /o protection
2.90% 0,83% 4.00%
Restricted for
Community
development
projects
13.51%
Restricted for Public safety
0.10%
The largest portion of the City's net position represents the City's net investment in capital assets in the
amount of $749,268,752 ($723,399,215 for governmental activities and $25,869,537 for business -type
activities), or 64% of total net position. The City uses these capital assets to help provide essential services
to the citizens; consequently, these assets are not available for future spending.
The City's restricted net position amounts to $295,007,655 ($294,289,084 for governmental activities and
$718,571 for business -type activities), or 25% of total net position, and is dedicated to specific purposes
such as community development projects, public safety, fire protection, public works, community services,
capital projects, and municipal utility for public benefit.
The City's unrestricted net position is $130,568,657 ($119,693,433 for governmental activities and
$10,875,224 for business -type activities) or 11 % of total net position. The unrestricted net position may be
used to meet the government's ongoing obligations to citizens and creditors.
At the end of the fiscal year, the City is able to report positive balances in all categories of net position for the
government.
Changes in Net Position
During fiscal year 2014 -2015, total net position decreased by $36,800,448 (net decrease in governmental
activities of $37,566,981 and net increase in business -type activities of $766,533), or 3% from
$1,211,645,512 in fiscal year 2013 -2014 before restatement. The net changes are due to the restatement
of the prior year's net position to reflect the effects of the implementation of GASB 68 which resulted to a
decrease in net position in the amount of $65,062,349 combined with the current year's positive net of
revenues and expenses in the amount of $28,261,901. The details are illustrated in Table 2, Statement of
Activities, and are explained later in this report.
10
The most significant change in the primary government's net position was a result of the
implementation of a new accounting change (GASB 68). The City of Rancho Cucamonga
implemented GASB 68 – Accounting and Financial Reporting for Pensions —an Amendment of
GASB Statement No. 27 and GASB Statement No. 71 – Pension Transition for Contributions Made
Subsequent to the Measurement Date – an amendment of GASB Statement No. 68 this fiscal year.
Under GASB 68, employers that participate in a defined benefit pension plan administered as a trust
or equivalent arrangement are required to record the net pension asset, deferred pension related
outflows, net pension liability, deferred pension related inflows of resources, and pension expense in
its financial statements as part of the financial position. A restatement to record the effects of the
new reporting guidance decreased beginning net position by $65,062,349 ($63,846,267 for
governmental activities and $1,216,082 for business -type activities) to record net pension related
assets, liabilities, and deferred outflow and inflow of resources pertaining to the PERS and PARS
pension plans. More detailed information pertaining to the required reporting can be found in the
Notes to the Financial Statements under Note 9 for Pension Plan Obligations for the California Public
Employees Retirement System (PERS) and Note 10 for Pension Plan Obligations for the Public
Agency Retirement Services (PARS) Retirement Enhancement Plan. As of the end of the fiscal
year, the net pension related assets, liabilities, and deferred outflow and inflow of resources
pertaining to the PERS and PARS pension plans amounted to a negative $56,410,281 ($55,245,564
for governmental activities and $1,164,717 for business -type activities) impact on the City's net
position.
• Total assets for the current year were $1,266,255,446, an increase by $24,719,209, or 2 %, from the
prior year amount of $1,241,536,237. The most significant changes are due to the increases in cash
and investments in the amount of $26,517,801 and in net capital assets in the amount of $6,316,343,
and the decrease in Advances to the Successor Agency in the amount of $9,521,226.
❖ Cash and investments increased by $26,517,801 primarily due to the increases in the following
funds: (1) General Fund in the amount of $5,700,022 due to its positive change in net position
and a planned contribution to reserves; (2) Citywide Infrastructure Improvement Fund in the
amount of $8,785,341 as a result of reimbursements from the Successor Agency's bond
proceeds for the Hellman Avenue Storm Drain project and from SANBAG for their share of
capital projects based on established reimbursement agreements; (3) Housing Successor
Agency fund in the amount of $2,089,976 as a result of the transfer from the Successor Agency
bond proceeds to the Housing Successor Agency in the amount of $4,320,145, as approved by
the State Department of Finance; (4) Fire District in the amount of $2,195,476 due to its positive
change in net position (5) Other Governmental Funds in the amount of $6,697,389 from net
increases and decreases in various special revenue and capital project funds; (6) and the
Municipal Utility fund in the amount of $2,016,044 due to its positive change in net position.
❖ Capital assets (e.g., infrastructure and other capital assets such as buildings, vehicles, furniture
and fixtures, etc.) increased by $6,316,343, or 1%, net of accumulated depreciation. This
increase in net capital assets is primarily due to a property transfer in the amount of $4,905,912
from the Successor Agency to the City as well as increases in capital construction projects.
❖ Advances to Successor Agency decreased from $9,521,226 to $0 due to management's
decision to write off $9,521,226 of the advance at June 30, 2015, based on an adverse
determination by the State Department of Finance subsequent to year end. A detailed
explanation in regards to this write off can be found in Note 14 Advances from the City and Note
17 Subsequent Events.
• Long -term debt outstanding (e.g., capital leases, advances, claims and judgments payable, and
accrued employee benefits) decreased by $1,414,021 resulting from capital lease payments of
$519,814 and changes in the liabilities for claims and judgments and accrued employee benefits in
the amount of $894,207.
11
• Other liabilities (e.g., accounts payable, accrued interest, due to other governments, etc.) increased
by $1,184,397 primarily due to the timing of payments at fiscal year end.
• Comparative data is not available for the fiscal year 2013 -2014 net pension related asset, deferred
outflows, net pension liability, and deferred inflows of resources due to the pension accounting
change required by GASB 68 that was implemented in fiscal year 2014 -2015.
TABLE 2
CHANGES IN NET POSITION
(IN THOUSANDS)
Year Ended June 30, 2015
12
Governmental
Business -Type
Activities
Activity
Total
2015
2014
2015
2014
2015
2014
REVENUES:
Program Revenues:
Charges for services
$ 18,005
$ 16,323
$ 12,319 $
11,636
$ 30,324 $
27,959
Operating grants and
contributions
8,216
9,238
-
-
8,216
9,238
Capital grants and
contributions
12,146
6,242
12,146
6,242
General Revenues:
Taxes:
Property taxes
75,350
70,933
-
-
75,350
70,933
Admissions taxes
28
55
70
103
98
158
Transient occupancy taxes
2,729
2,555
-
-
2,729
2,555
Sales taxes
28,043
26,277
28,043
26,277
Franchise taxes
7,753
7,515
7,753
7,515
Intergovernmental - Motor vehicle in -lieu
73
76
-
-
73
76
Use of money and property
6,691
7,933
310
304
7,001
8,237
Other
10,088
8,820
17
60
10,105
8,880
Contributions from other governments
-
29,853
-
-
-
29,853
Gain on sale of capital asset
101
101
TOTAL REVENUES
169,122
185,921
12,716
12,103
181,838
198,024
EXPENSES:
General government
17,936
16,644
-
-
17,936
16,644
Public safety - police
32,076
30,849
32,076
30,849
Public safety - fire protection
30,278
29,128
30,278
29,128
Public safety - animal center
2,723
2,570
2,723
2,570
Community development
14,900
15,773
14,900
15,773
Community services
14,995
13,690
14,995
13,690
Engineering and public works
29,181
29,600
29,181
29,600
Contributions to other governments
19
-
19
-
Interest on long -term debt
239
234
-
-
239
234
Sports Complex
-
-
2,536
2,186
2,536
2,186
Municipal Utility
8,342
8,174
8,342
8,174
Regis Connect
-
-
57
34
57
34
TOTAL EXPENSES
142,347
138,488
10,935
10,394
153,282
148,882
INCREASE (DECREASE) IN NET
POSITION BEFORE TRANSFERS
AND EXTRAORDINARY GAIN
26,775
47,433
1,781
1,709
28,556
49,142
TRANSFERS
(201)
(333)
201
333
-
-
EXTRAORDINARY GAIN (See Note 16)
(295)
58
(295)
58
INCREASE (DECREASE) IN NET
POSITION
26,279
47,158
1,982
2,042
28,261
49,200
Net Position at Beginning of Year
1,174,949
1,129,295
36,697
34,655
1,211,646
1,163,950
Restatement of Net Position (See Note 15)
(63,846)
(1,504)
(1,216)
-
(65,062)
(1,504)
Net Position at End of Year
$ 1,137,382
$ 1,174,949
$ 37,463 $
36,697
$1,174,845 $
1,211,646
12
The condensed statement of activities of the City's governmental and business -type operations for the period
ended June 30, 2015 shows total net position increased by $28,261,901. Governmental activities increased
the City of Rancho Cucamonga's net position by $26,279,286 accounting for approximately 93% of the total
growth in net position, paired with an increase of $1,982,615 in the Business -Type activities' net position.
The prior year's net position was restated to decrease by $65,062,349 ($63,846,267 for Governmental
activities and $1,216,082 for Business -Type activities) due to the implementation of GASB 68.
Governmental Activities
The following charts provide a snapshot of the City's governmental activities for fiscal year 2014 -2015,
showing the distribution of revenues by sources as well as a comparison of revenues versus expenses by
program.
Other
5.96%
Use of Money &
Property
3.96 %
REVENUES BY SOURCE
GOVERNMENTAL ACTIVITIES
Year Ended June 30, 2015
Taxes $169,122,122
67.39%
$180,000
Capital
Contributions
and Grants
7.18%
Operating
Contributions
and Grants
4.86%
EXPENSES AND PROGRAM REVENUES
GOVERNMENTAL ACTIVITIES
(IN THOUSANDS)
Year Ended June 30, 2015
Charges for
Services
10.65 %
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$
General
General
Public Safety-
Public Safety-
Public Safety-
Community
Community
Engineering
Contributions
Interest on
Subtotal
Revenues,
Total
Government
Police
Fire
Animal center
Development
Services
and Public
to Other
Long Term
Governmental
Extraordinary Governmental
Protection
Works
Governments
Debt
Activities
Gain and
Activities
Transfers
Revenues
$6,031
$1,613
$1,534
$207
$3,967
$3,861
$21,154
$-
$-
$38,367
$130,755
$169,122
Expenses
$17,936
$32,076
$30,278
$2,722
$14,900
$14,995
$29,181
$19
$239
$142,347
$496
$142,843
■ Revenues
■ Expenses
13
Governmental Activities
(In Thousands)
Total Cost
of Services
2015 2014
Net Cost
of Services
2015 2014
General government $
17,936 $
16,644
$ (11,905)
$ (11,273)
Public safety - police
32,076
30,849
(30,464)
(29,173)
Public safety - fire protection
30,278
29,128
(28,743)
(28,023)
Public safety - animal center
2,723
2,570
(2,515)
(2,383)
Community development
14,900
15,773
(10,933)
(13,397)
Community services
14,995
13,690
(11,135)
(9,591)
Engineering and public works
29,181
29,600
(8,027)
(12,612)
Contributions to other governmer
19
-
(19)
-
Interest on long -term debt
239
234
(239)
(234)
Total $
142,347 $
138,488
$ (103,980)
$ (106,686)
The City's governmental activities increased in net position by $26,279,286 at the end of the fiscal year. As
compared to its prior year outcome of $47,156,907, this is a decrease by $20,877,621, or 44 %. In order of
total dollar amount of change in the Governmental activities, the most significant changes in revenues and
expenses were in the following categories: decrease of contributions from other governments, increase in
capital grants and contributions, and increase in property taxes.
• The decrease of contributions from other governments by $29,851,545 compared to the prior year
was due to the prior year transfer from the Successor Agency's 2004 Tax Allocation Bonds proceeds
to the City to fund the 1 -15 Interchange at Baseline capital project.
The increase in taxes in the amount of $6,565,078 is primarily due to significant increases coming
from property taxes in the amount of $4,416,638 and sales taxes in the amount of $1,766,066,
which are signs that the economy continues to grow.
• The increase in capital grants and contributions in the amount of $5,904,116 compared to the prior
year was due to the receipt of reimbursements for certain capital projects based on agreements
established in prior years for Engineering and Public Works related capital projects and increased
developer participation costs from certain large housing and industrial developments.
14
Business -Type Activities
The following chart reflects the City's Business -Type activities for fiscal year 2014 -2015, showing a
comparison of revenues versus expenses by activity.
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2 000
■
Sports Complex
Revenues
$1,904
Expenses
$2,535
EXPENSES AND PROGRAM REVENUES
BUSINESS -TYPE ACTIVITIES
(IN THOUSANDS)
Year Ended June 30, 2015
Municipal Utility
$12,116
$9,527
■ Revenues ■ Expenses
REGIS Connect Total Business -Type Activities
$83 $14,103
$57 $12,121
The City's Business -Type activities increase in net position of $1,982,615 decreased by $59,590, or 3 %, as
compared to prior year amount of $2,042,205. In order of total dollar amount of change in the
Business -Type activities, the most significant changes in revenue and expenses were in the following
activities:
• Sports Complex experienced a decrease in net position in the amount of $631,971, an increase of
$412,123 from the prior year loss amount of $219,848. The decrease in net position is due to the
less than anticipated transfer from the General Fund in order to utilize cash resources accumulated
in prior years.
• Municipal Utility experienced an increase in net position in the amount of $2,588,671, an increase of
$351,718 from the prior year amount of $2,236,953. The increase in net position is primarily due to
increased revenues. The Enclave at Homecoming Terra Vista, a new residential apartment
complex, was completed during the fiscal year resulting in additional customer accounts.
• REGIS Connect experienced steady growth in its net position for its second year of operations, with
an increase in net position in the amount of $25,915.
Financial Analysis of the Government's Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance - related
legal requirements. The following financial analysis is performed only for the governmental and proprietary
funds. The fiduciary funds are excluded from this analysis as they do not represent resources available to
the City.
15
Governmental Funds. The focus of the City's governmental funds is to provide information on near -term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's
financing requirements. In particular, assigned and unassigned fund balance may serve as a useful measure
of a government's net resources available for spending at the end of the fiscal year.
The combined fund balance of $422,048,710 represents the starting point for the reconciliation of the
balance sheet of governmental funds to the statement of net position detailed on page 23 of this report. This
total includes the General Fund balance of $106,150,753. Of the total General Fund balance, $4,024,826, or
4 %, constitutes non - spendable reserves, which means that these reserves must be maintained intact;
$3,091,255, or 3 %, are restricted fund balances which are the result of external limitations on spending;
$74,310,635, or 70 %, are committed fund balances which have resulted in internally- imposed limitations
placed upon the funds by the City Council; and the assigned reserves of $24,724,037, or 23 %, are
constrained by the City Council's intent for specific purposes, but are neither restricted nor committed, in
accordance with City's policy.
Restricted
2.91%
Nonspendable
3.79%
GENERAL FUND BALANCE
June 30, 2015
$106,150,753
Committed
70.00%
Assigned
23.29%
The committed fund balances for the General Fund noted above are in accordance with the City's Fund
Balance Policy. This policy ensures a prudent level of protection for the finances of the City in times of
emergencies, revenue declines, and other unforeseen events. Certain committed funds enable the
organization to operate in a business -like structure to address future liabilities while certain other committed
funds help to support the City's credit rating which is also important to promote fiscal excellence. The City's
Fund Balance Policy for the committed fund balances are as follows:
• Changes in Economic Circumstances
The City's General Fund balance committed for changes in economic circumstances is established at a
goal of a six month reserve, or 50% of the City General Fund operating budget for the upcoming fiscal
year. The Fire District's fund balance committed for changes in economic circumstances is established
at a goal of a six month reserve, or 50% of the Fire District's operating budget for the upcoming fiscal
year. As defined in the resolution establishing this commitment, the specific uses are listed as the
declaration of a state or federal state of emergency or a local emergency as defined in Rancho
Cucamonga Municipal Code Section 2.36.020; or a change in economic circumstances in a given fiscal
year that results in revenues to the City /Fire District being insufficient to cover expenditures for one or
more fiscal years. The City Council /Fire Board may, by the affirming vote of three members, change the
amount of this commitment and /or the specific uses of these monies.
16
• City Facilities Capital Repair
The City's General Fund balance committed for City facilities capital repair and property acquisition is
established at a minimum goal of 50% of capital assets value comprised of construction in progress
(excluding infrastructure), building improvements, and improvements other than building for
governmental activities.
• Fire District Facilities Capital Repair
The Fire District's fund balance committed for the Fire District facilities capital repair is hereby committed
to a minimum goal of 50% of capital assets value comprised of construction in progress (excluding
infrastructure), building improvements, and improvements other than building for public safety -fire
activities.
• Working Capital
The City's General Fund balance committed for Working Capital is established at a goal of a minimum of
5% of the City's General Fund operating budget for the upcoming fiscal year. The Fire District's fund
balance committed for Working Capital is established at a goal of a minimum of 50% of the District's
operating budget for the upcoming fiscal year.
• Self- Insurance
The City's General Fund balance committed for payment of general liability claims primarily through the
use of interest earnings on the reserve but not limited to such in the event of an unfavorable interest rate
environment is established at a minimum goal of seven times the City's total yearly SIR for all types of
insurance coverage.
• Employee Leave Payouts
The City's General Fund balance and the Fire District's fund balance committed for employee leave
payouts as valued in accordance with the City's labor contracts as of the last day of the fiscal year.
• PERS Rate Stabilization
The City's General Fund and Fire District's fund balance committed to offset projected rate increases
identified in the respective annual CaIPERS actuarial valuation for two fiscal years after the year of
financial reporting and identified by the City's actuarial consultant for three more years for a total of
five years' projection.
• Booking Fees
The City's General Fund balance committed to provide funding for an increase in the booking fees
charged to the City by the County of San Bernardino in the event that backfill funding is not provided by
the State of California.
• Vehicle and Equipment Replacement
The Fire District's fund balance committed for the replacement of fire safety vehicles and equipment as
determined based on the District's replacement criteria is established at a minimum goal of 50% of
District vehicle and equipment replacement value.
• Law Enforcement
The City's General Fund balance committed for public safety purposes.
17
• Family Sports Center Replacement
The City's General Fund balance committed for construction of the Family Sports Center Replacement
and for the future replacement and repair of major capital assets comprising the new Family Sports
Center. This reserve is established at a minimum goal of 105% of the estimated construction cost of the
Center.
Usage of the committed fund balances noted above as well as those designated as assigned in the General
Fund's balance sheet is based on plans established by City management during the course of developing
the annual budget each year. Reserves are set aside each year for specific purposes and are only used as
designated by City management for those specific purposes. Recurring General Fund operations are fully
funded without the use of reserves.
The balance sheet presents the General Fund, the Citywide Infrastructure Improvement Special Revenue
Fund, the Housing Successor Agency Special Revenue Fund, the Fire District Special Revenue Fund, and
Other Governmental non -major funds. On pages 26 through 29 the governmental funds balance sheet is
shown. The combined fund balance of $422,048,710 increased by $21,057,449 or approximately 5% from
the prior year.
The General Fund has a fund balance of $106,150,753, which has decreased by $3,041,723, or 3 %, from
the prior year primarily due to net increases in revenues and expenditures and other financing uses in the
amount of $6,479,503 and due to an extraordinary loss in the current year resulting from the write -off of
advances to the Successor Agency in the amount of $9,521,226, as previously discussed.
The Citywide Infrastructure Improvement has a fund balance of $16,774,657, which has increased by
$10,503,506, or 167 %, primarily due to reimbursements from the Successor Agency's bond proceeds to fund
the Hellman Avenue Storm Drain capital project and from San Bernardino Associated Governments
(SANBAG) for their share of capital projects based on established agreements to be used for general
infrastructure improvements throughout the City.
The Housing Successor Agency Special Revenue Fund has a fund balance of $124,943,671, which has
increased by $5,154,253, or 4 %, primarily due to the transfer of bond proceeds from the Successor Agency
to the Housing Successor Agency. The transfer resulted in an extraordinary loss for the Successor Agency
and an extraordinary gain for the Housing Successor Agency in the amount of $4,320,145, as discussed in
Note 16 to the financial statements.
The Fire District Special Revenue Fund (inclusive of the Fire District's General Fund, Community Facilities
District (CFD) 85 -1 Fund, and Community Facilities District (CFD) 88 -1 Fund) has a fund balance of
$68,998,074, which has increased by $3,671,940, or 6 %, primarily due to net increases in revenues and
expenditures. Property tax revenues increased by $1,948,546 from the prior year.
It should be noted that the total fund balance for the Fire District Special Revenue Fund of $68,998,074 is
$3,522,987 less than the total fund balance per the District's component unit financial statements of
$72,521,061. This is due to differences in the reporting of the advance from the City to the District on the
City's financial statements versus the District's component unit financial statements. On the City's financial
statements, the advance is treated as an interfund liability since the District is basically viewed as one of the
departments of the City. (There is an offsetting interfund asset (advances to other funds) in the General
Fund). In order to reflect this liability on the District's balance sheet within the City's financial statements,
resources must be allocated from the District's fund balance to provide funding for the liability for reporting
purposes only. On the Fire District's component unit financial statements, the advance is treated as a long-
term liability and does not require the allocation of fund balance to fund the liability. For the entity -wide
financial statements, the advances to and from other funds are eliminated against each other as they both
relate to the City as a whole.
18
The other governmental funds are what make up the remainder of the combined fund balance for all
governmental funds. These funds consist of the City's 52 special revenue funds and 13 capital project funds.
These funds have a combined fund balance of $105,181,555, which has increased by $4,769,473, or 5 %,
from the prior year, primarily due to increases in developer participation fees for both housing and industrial
developments.
Proprietary Funds. The City's proprietary funds consist of three major enterprise funds and two internal
service funds. The three major enterprise funds are the Sports Complex Fund, which accounts for the
activities of the Sports Complex; the Rancho Cucamonga Municipal Utility (RCMU) Fund which accounts for
the City's electric utility operations; and the Rancho Cucamonga Enterprise Geographic Information Systems
(REGIS) Connect Fund, which accounts for the City's enterprise Geographic Information Systems (GIS)
services.
The internal service funds are the Equipment and Vehicle Replacement Fund and the Computer
Equipment /Technology Replacement Fund. These funds are used by management to charge the costs of
certain activities, such as equipment replacement, to individual funds.
Net position for the enterprise funds is $37,463,332 of which $25,869,537 represents the amount invested in
capital assets and $718,571 is restricted for the purpose of public benefit through the Municipal Utility.
Unrestricted net position amounts to $10,875,224. The increase in net position for the enterprise funds is
$2,003,555, due to revenues exceeding expenditures during the year predominantly coming from the
Municipal Utility.
Before transfers, the Municipal Utility Fund generated income (the net of revenues and expenses) in the
amount of $3,774,031 providing funding for the budgeted transfer of $1,185,360 to the General Fund to
support general City operations. Taking this transfer into consideration results in a net increase in the fund's
net position of $2,588,671. As discussed earlier, the increase to the net position is due to additional
residential customers during the fiscal year as a result of the completion of a residential apartment complex.
Before transfers, the Sports Complex Fund experienced a loss of $2,018,311. As discussed earlier, the
decrease to the net position is due to the less than anticipated transfer from the General Fund in order to
utilize cash resources accumulated in prior years.
For its second full year of operations, REGIS Connect generated net income in the amount of $25,915.
Net position for the internal service funds is $13,373,214, of which $2,126,789 represents the amount
invested in capital assets. Unrestricted net position amounts to $11,246,425 which will be used to cover
operations and future equipment and vehicle and computer equipment /technology replacements. Total net
position decreased for these funds by $474,698 due its operational costs. The Equipment and Vehicle
Replacement Fund experienced a loss in the amount of $582,012 paired with the loss in the Computer
Equipment /Technology Replacement Fund before transfers from the General Fund in the amount of
$739,357. The General Fund transferred $846,671 to the Computer Equipment and Technology
Replacement Fund to offset a portion of its operational costs and provide funding for future technology
replacements for community development resulting in an increase in net position for the Computer
Equipment /Technology Replacement Fund in the amount of $107,314.
General Fund Budgetary Highlights
During the year, with the recommendation from the City's staff, the City Council may revise the City's budget
as needed. Adjustments were made periodically as additional appropriations were necessary to cover the
cost of projects that either had required change orders for additional work, or the estimated cost at the
beginning of the project changed due to external factors. Adjustments were also made through increases or
decreases to budgets in order to maintain the current level of services. For example, increased development
activity may result in the need to utilize additional contract inspector services to handle the additional
workload. All amendments that either increase or decrease appropriations are approved by the City Council.
19
For the City's General Fund, ending revenues of $75,104,813 were $2,201,813 more than the final budgeted
revenues of $72,903,000. This positive variance was primarily due to more than anticipated tax revenues
(including post -RDA residual balance distributions to all taxing entities) in the amount of $1,442,481,
charges for services from Planning fees and Engineering fees in the amount of $365,222, and fines and
forfeitures in the amount of $284,356. The remaining difference is due to offsetting variances within other
line items.
The General Fund's actual ending expenditures of $80,526,274 were $4,504,446 less than the final budget
of $76,021,828. The significant areas that showed positive variances from the budget are: General
Overhead in the amount of $366,640 for less than anticipated expenditures for contract services; City
Management in the amount of $126,462 due to salary savings; City Facilities in the amount of $194,606 due
to savings from office supplies and equipment, operations and maintenance, and electric utilities; Finance in
the amount of $166,406 due to salary savings; Management Information Services in the amount of $177,327
due to salary savings; all other functions of the general government netted to savings of $436,774; Public
Safety - Police had savings in vehicle operations and Sheriff contract services in the amount of $655,454;
Community Development — Building and Safety in the amount of $101,346; Community Development —
Planning's contract services and other functions of the division in the amount of $499,959; Park
Maintenance in the amount of $333,080 due to water utilities, contract services, and salary savings; Facilities
Maintenance in the amount of $454,112 due to salary savings, contract services, and operations and
maintenance cost savings; Street Maintenance in the amount of $132,144 due to personnel and contract
services cost savings; and Capital Outlay in the amount of $670,285 due to partially spending on certain
projects and other projects that were planned but not started during the fiscal year. Additional savings
occurred in many of the other General Fund departments. The remaining budget variances from the other
divisions can be found in page 104, Budgetary Comparison Schedule for the General Fund.
Capital Assets and Debt Administration
Capital Assets
As stated in the Overview of the Financial Statements, the financial statement format required by GASB 34
reflects the capitalization and depreciation of infrastructure and other capital assets (e.g., buildings, vehicles,
furniture and fixtures, etc.).
At the end of the fiscal year, the City had $752,396,904, net of depreciation, invested in a broad range of
capital assets (see Table 3 below). This amount represents a net increase (including additions and
deductions) of $6,316,343 from prior year.
The most significant changes in capital assets for governmental activities are the property transfer from the
Successor Agency to the City in the amount of $4,905,912 and the increase in construction in progress (CIP)
primarily for the Wilson Avenue Extension -East and Wardman /Bullock project, the 1 -15 Interchange at
Baseline, and Fire Station building improvement and training center projects. Other increases to the CIP are
infrastructure improvements to the City's traffic signal, off -road trails, as well as road and storm drain
improvement projects.
The most significant change in capital assets for business -type activities is the increase in CIP pertaining to
the Arrow Route Electric Line Extension project.
Additional information on the City's capital assets can be found in Note 5 in the financial statements
20
Debt Administration
At year end, the City's governmental activities had total debt outstanding in the amount of $16,261,452 for
capital leases, advances from Successor Agency, claims and judgments payable, and accrued employee
benefits, compared to $17,675,473 in the prior year, a decrease by $1,414,021. (See Table 4 below).
TABLE 4
OUTSTANDING DEBT
(IN THOUSANDS)
For The Fiscal Year Ended June 30, 2015
Additional information on the City's outstanding debts can be found in the Note 7 to the financial statements
of this report.
Economic Factors and Next Year's Budgets
Since the nationwide recession began in Fiscal Year 2009 -2010, in its third quarterly report of 2015, the
UCLA Anderson Forecast indicates that the U.S. economy for the next two years is a healthy one, a slim
chance of recession and slight chance of a surge in growth. The forecast for the nation's Gross Domestic
Product (GDP) growth is in the 2 percent to 3 percent range with slightly better growth anticipated in 2016
followed by a slight downturn thereafter. The forecast anticipates an improving labor market, a declining
unemployment rate, and a rising employment to population ratio. The state's unemployment rate according
to the Employment Development Department (EDD) as of October's news release is now at 5.9 percent.
According to the UCLA Anderson Forecast, the unemployment rate will continue to decrease through the
next year and will average 5.2% with an additional decrease to about 4.8% in 2017. Home prices in
California will become less affordable despite higher interest rates over the next two years, as new building
fails to meet the demand. There may be lots of job growth, but because of strict building and environmental
regulations, there will be very little increase in the housing supply. This means that we may not expect to
see housing more affordable during the next few years.
Locally, Rancho Cucamonga is continuously experiencing slow improvements in the unemployment rate and
growth in property tax and sales tax revenues. In October 2015, the City's unemployment rate continued to
decrease. The State Employment Development Department reported an unemployment rate of 4.3% for
Rancho Cucamonga, compared to 5.8% in San Bernardino County. This is a 0.7% decrease from the
November 2014 rate of 5.0% for Rancho Cucamonga. New home construction has begun to pick up. Other
construction activity is increasing as well, which will improve assessed values and add jobs in many cases.
Continued increases in property tax and sales tax revenues are indicators of positive growth within the City.
Based on the California Municipal Financial Health Diagnostic, the City's General Fund is in a very healthy
condition, with some notes of caution in categories of fixed costs and labor costs and General Fund
subsidies of other funds. The Financial Health Diagnostic shows that the General Fund shows healthy
conditions in the following areas: Net Operating deficit/surplus, Fund Balance, Liquidity, Constraints on
budgetary discretion, Balancing the budget with temporary funds, Balance the budget with borrowing,
Balancing the budget by deferring employee compensation costs, Balancing the budget with back loaded
debt service payments, funding operating costs with noon - recurring development revenues, Timeliness and
accuracy of financial reports, and Service level solvency.
21
Governmental
Business -Type
Activities
Activities
Total
2015
2014
2015 2014
2015
2014
Capital Leases
$ 1,564
$ 2,084
$ - $ -
$ 1,564
$ 2,084
Advances from Successor Ac
3,953
3,954
3,953
3,954
Claims and Judgments Payat
3,420
4,179
- -
3,420
4,179
Accrued Employee Benefits
7,324
7,458
- -
7,324
7,458
TOTALS
$16,261
$17,675
$ - $ -
$16,261
$17,675
Additional information on the City's outstanding debts can be found in the Note 7 to the financial statements
of this report.
Economic Factors and Next Year's Budgets
Since the nationwide recession began in Fiscal Year 2009 -2010, in its third quarterly report of 2015, the
UCLA Anderson Forecast indicates that the U.S. economy for the next two years is a healthy one, a slim
chance of recession and slight chance of a surge in growth. The forecast for the nation's Gross Domestic
Product (GDP) growth is in the 2 percent to 3 percent range with slightly better growth anticipated in 2016
followed by a slight downturn thereafter. The forecast anticipates an improving labor market, a declining
unemployment rate, and a rising employment to population ratio. The state's unemployment rate according
to the Employment Development Department (EDD) as of October's news release is now at 5.9 percent.
According to the UCLA Anderson Forecast, the unemployment rate will continue to decrease through the
next year and will average 5.2% with an additional decrease to about 4.8% in 2017. Home prices in
California will become less affordable despite higher interest rates over the next two years, as new building
fails to meet the demand. There may be lots of job growth, but because of strict building and environmental
regulations, there will be very little increase in the housing supply. This means that we may not expect to
see housing more affordable during the next few years.
Locally, Rancho Cucamonga is continuously experiencing slow improvements in the unemployment rate and
growth in property tax and sales tax revenues. In October 2015, the City's unemployment rate continued to
decrease. The State Employment Development Department reported an unemployment rate of 4.3% for
Rancho Cucamonga, compared to 5.8% in San Bernardino County. This is a 0.7% decrease from the
November 2014 rate of 5.0% for Rancho Cucamonga. New home construction has begun to pick up. Other
construction activity is increasing as well, which will improve assessed values and add jobs in many cases.
Continued increases in property tax and sales tax revenues are indicators of positive growth within the City.
Based on the California Municipal Financial Health Diagnostic, the City's General Fund is in a very healthy
condition, with some notes of caution in categories of fixed costs and labor costs and General Fund
subsidies of other funds. The Financial Health Diagnostic shows that the General Fund shows healthy
conditions in the following areas: Net Operating deficit/surplus, Fund Balance, Liquidity, Constraints on
budgetary discretion, Balancing the budget with temporary funds, Balance the budget with borrowing,
Balancing the budget by deferring employee compensation costs, Balancing the budget with back loaded
debt service payments, funding operating costs with noon - recurring development revenues, Timeliness and
accuracy of financial reports, and Service level solvency.
21
As the financial condition of the City continues to be relatively stable and sufficiently adequate as expected
by the citizens, the City also faces a spectrum of challenges to create a better future. The primary
challenges can be summarized as follows: increases in water cost and observing drought and mandatory
requirements for water conservation due to climate change, increases in contract costs from vendors who
held costs without an increase for 3 -5 years are now needing to increase their contract costs due to inflation,
increases in law enforcement services with San Bernardino County Sheriffs Department, minimum wage
increases effective January 2016, requirements of the Affordable Care Act, and mandatory sick time for
part -time employees. It is also a challenge for the City to ensure that the special districts, LMDs, SLDs, and
CFDs, remain fiscally stable without relying on the General Fund for a permanent subsidy.
The City's operating budget is comprised of the City General Fund, the Library Fund, and the Fire District
Operating Funds (including CFDs 85 -1 and 88 -1). The Fiscal Year 2015 -2016 City General Fund Budget is
$74,273,520 and for the third year in a row does not require the use of General Fund reserves. The
operating budget represents a $5,110,530 or 7.4% increase from FY 2014 -2015. The recommended FY
2015 -2016 operating budget for the Fire District is $32,048,450. This is a $773,920 or 2.5% increase over
FY 2014 -2015. The budget is balanced without the use of reserves. The FY 2015 -2016 Library budget is
$4,493,180 which represents an increase of $271,160 or 6.4% from FY 2014 -2015.
Additional details regarding the City's operating budget and its overall Fiscal Year 2015 -2016 Adopted
Budget can be found on the City's website at https:/ /www.citvofrc.us /citvhall /admin /finance /budgeting.asp.
Questions or requests for information regarding the Adopted Budget should be directed to the Finance
Department at the address below.
Contacting the City's Financial Management
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a
general overview of the City of Rancho Cucamonga's finances and to show the City's accountability for the
money it receives. Questions concerning any of the information provided in this report or requests for
additional financial information should be addressed to the Finance Department at the City of
Rancho Cucamonga, 10500 Civic Center Drive, Rancho Cucamonga, CA 91730.
22
CITY OF RANCHO CUCAMONGA
STATEMENT OF NET POSITION
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Notes and loans
Accrued interest
Other loans
Grants
Internal balances
Prepaid costs
Deposits
Due from external parties /outside agencies
Prepaid other post employment benefits
Net pension asset
Land held for resale
Restricted assets:
Cash with fiscal agent
Capital assets, not being depreciated
Capital assets, net of depreciation
Total Assets
Deferred Outflows of Resources:
Deferred pension related items
Total Deferred Outflows
of Resources
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenue
Deposits payable
Due to other governments
Due to Successor Agency
Noncurrent liabilities:
Due within one year
Due in more than one year
Net pension liability
Total Liabilities
Deferred Inflows of Resources:
Deferred pension related items
Total Deferred Inflows
of Resources
Net Position:
Net investment in capital assets
Restricted for:
Community development projects
Public safety
Fire protection
Public works
Community services
Capital projects
Public benefit - Municipal Utility
Unrestricted
Total Net Position
See Notes to Financial Statements 23
Primary Government
Governmental Business -Type
Activities Activities Total
$ 308,029,344 $ 12,389,756 $ 320,419,100
14,410,676
1,661,982
16,072,658
8,905,892
-
8,905,892
139,184,027
2,102
139,186,129
408,047
16,175
424,222
1,104,828
-
1,104,828
1,262,047
-
1,262,047
17,082
(17,082)
-
288,912
8,675
297,587
35,000
-
35,000
376,711
-
376,711
15,668,161
-
15,668,161
5,114,048
224,952
5,339,000
3,426,211
-
3,426,211
1,340,996
-
1,340,996
368,410,825
7,278,957
375,689,782
358,116,542
18,590,580
376,707,122
1,226,099,349
40,156,097
1,266,255,446
6,871,580
175,474
7,047,054
6,871,580
175,474
7,047,054
7,835,490
973,135
8,808,625
2,251,866
60,690
2,312,556
556,096
-
556,096
42,959
269,271
312,230
1,104,828
-
1,104,828
305,314
-
305,314
7,162,150
-
7,162,150
9,099,302
-
9,099,302
49,702,123
1,134,957
50,837,080
78,060,128
2,438,053
80,498,181
17,529,069
430,186
17,959,255
17,529,069
430,186
17,959,255
723,399,215
25,869,537
749,268,752
158,779,240
-
158,779,240
1,147,693
-
1,147,693
46,973,722
-
46,973,722
43,565,869
-
43,565,869
9,794,775
-
9,794,775
34,027,785
-
34,027,785
-
718,571
718,571
119,693,433
10,875,224
130,568,657
$ 1,137,381,732 $ 37,463,332 $ 1,174,845,064
CITY OF RANCHO CUCAMONGA
STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2015
Business -Type Activities
Sports Complex
2,536,440 262,818 - -
Municipal Utility
Program Revenues
REGIS Connect
57,003 82,490 - -
Total Business -Type Activities
10,935,320 12,318,727 - -
Operating
Capital
General Revenues:
Charges for
Contributions
Contributions
Property taxes, levied for general purpose
Expenses
Services
and Grants
and Grants
Functions /Programs
Sales taxes
Franchise taxes
Primary Government:
Use of money and property
Other
Governmental Activities:
Extraordinary gain (loss)
Transfers
General government
$ 17,936,363
$ 4,877,282
$ 1,153,673
$ -
Public safety - police
32,076,421
1,203,718
409,032
-
Public safety - fire protection
30,277,795
1,465,438
-
68,895
Public safety - animal center
2,721,890
206,941
-
-
Community development
14,899,940
2,756,100
1,211,073
-
Community services
14,995,308
3,162,413
698,578
-
Engineering and public works
29,180,515
4,332,873
4,743,834
12,077,059
Contributions to other governments
19,087
-
-
-
Interest on long -term debt
239,368
-
-
-
Total Governmental Activities
142,346,687
18,004,765
8,216,190
12,145,954
Business -Type Activities
Sports Complex
2,536,440 262,818 - -
Municipal Utility
8,341,877 11,973,419 - -
REGIS Connect
57,003 82,490 - -
Total Business -Type Activities
10,935,320 12,318,727 - -
Total Primary Government
$ 153,282,007 $ 30,323,492 $ 8,216,190 $ 12,145,954
General Revenues:
Taxes:
Property taxes, levied for general purpose
Admissions tax
Transient occupancy taxes
Sales taxes
Franchise taxes
Motor vehicle in lieu - unrestricted
Use of money and property
Other
Extraordinary gain (loss)
Transfers
Total General Revenues, Extraordinary Gain and Transfers
Change in Net Position
Net Position at Beginning of Year
Restatement of Net Position
Net Position at End of Year
See Notes to Financial Statements 24
Net (Expenses) Revenues and Changes in Net Position
Primary Government
Governmental
Business -Type
Activities
Activities
Total
$ (11,905,408)
$ -
$ (11,905,408)
(30,463,671)
-
(30,463,671)
(28,743,462)
-
(28,743,462)
(2,514,949)
-
(2,514,949)
(10,932,767)
-
(10,932,767)
(11,134,317)
-
(11,134,317)
(8,026,749)
-
(8,026,749)
(19,087)
-
(19,087)
(239,368)
-
(239,368)
(103,979,778)
-
(103,979,778)
-
(2,273,622)
(2,273,622)
-
3,631,542
3,631,542
-
25,487
25,487
-
1,383,407
1,383,407
(103,979,778)
1,383,407
(102,596,371)
75,349,599
-
75,349,599
27,642
70,278
97,920
2,729,270
-
2,729,270
28,043,495
-
28,043,495
7,753,103
-
7,753,103
73,316
-
73,316
6,691,150
310,644
7,001,794
10,087,638
17,306
10,104,944
(295,169)
-
(295,169)
(200,980)
200,980
-
130,259,064
599,208
130,858,272
26,279,286
1,982,615
28,261,901
1,174,948,713
36,696,799
1,211,645,512
(63,846,267)
(1,216,082)
(65,062,349)
$ 1,137,381,732
$ 37,463,332
$ 1,174,845,064
See Notes to Financial Statements 25
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTALFUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Notes
Accrued interest
Deferred loans
Grants
Prepaid costs
Deposits
Due from other funds
Advances to other funds
Due from external parties /outside agencies
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Due to Successor Agency
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
$ 1,681,280 $ 37,609 $ 1,000 $ 531,740
1,175,433 - - 656,561
42,959 -
1,972
305,314 - -
- - - 3,522,987
3,206,958 37,609 1,000 4,711,288
2,670,788 8,974,429 20,834,255
2,670,788 8,974,429 20,834,255
See Notes to Financial Statements 26
Special Revenue Funds
Citywide
Housing
Infrastructure
Successor
General
Improvement
Agency
Fire District
$ 97,211,254
$ 15,024,678
$ 3,833,692 $
71,868,320
1,465,481
10,736,789
402,287
1,424,020
7,775,381
-
-
249,867
-
-
139,184,027
-
155,288
25,228
1,620
101,324
181,839
-
7,300
65,831
20,000
-
-
-
1,019,558
-
3,822,987
-
376,711
-
-
-
-
2,350,000
-
$ 112,028,499
$ 25,786,695
$ 145,778,926 $
73,709,362
$ 1,681,280 $ 37,609 $ 1,000 $ 531,740
1,175,433 - - 656,561
42,959 -
1,972
305,314 - -
- - - 3,522,987
3,206,958 37,609 1,000 4,711,288
2,670,788 8,974,429 20,834,255
2,670,788 8,974,429 20,834,255
See Notes to Financial Statements 26
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTALFUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Notes
Accrued interest
Deferred loans
Grants
Prepaid costs
Deposits
Due from other funds
Advances to other funds
Due from external parties /outside agencies
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Due to Successor Agency
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
See Notes to Financial Statements 27
Other
Total
Governmental
Governmental
Funds
Funds
$ 108,719,819
$ 296,657,763
378,580
14,407,157
880,644
8,905,892
-
139,184,027
110,269
393,729
1,104, 828
1,104, 828
1,262,047
1,262,047
33,942
288,912
15,000
35,000
5,126
1,024,684
-
3,822,987
-
376,711
1,076,211
3,426,211
1,340,996 1,340,996
$ 114,927,462 $ 472,230,944
$ 5,440,868
$ 7,692,497
419,872
2,251,866
556,096
556,096
-
42,959
1,104, 828
1,104, 828
1,005,630
1,007,602
-
305,314
300,000
3,822,987
8,827,294 16,784,149
918,613 33,398,085
918,613 33,398,085
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTALFUNDS
JUNE 30, 2015
See Notes to Financial Statements 28
Special Revenue Funds
Citywide
Housing
Infrastructure
Successor
General
Improvement
Agency
Fire District
Fund Balances:
Nonspendable:
Prepaid costs
181,839
-
7,300
65,831
Deposits
20,000
-
-
-
Notes and loans
-
-
118,349,772
-
Land held for resale
-
-
2,350,000
Advances to other funds
3,822,987
-
-
-
Restricted:
Community development projects
-
-
4,236,599
Public safety - police
-
-
-
-
Parks and recreation
-
-
Engineering and public works
-
-
-
Capital improvement projects
211,852
16,774,657
1,864,628
Street lighting
-
-
-
Landscape maintenance
-
-
Library services
-
-
-
Underground utilities
Technology replacement
69,808
-
22,733
General plan update
198,794
-
-
Contractual obligation
2,081,700
-
2,026,253
Information technology
512,564
-
-
SB1186 certified access specialist services
16,537
-
-
Committed:
Vehicle and equipment replacement
-
-
3,630,871
Working capital
3,713,676
-
13,492,437
Booking fees
1,391,059
-
-
City facilities capital repair
26,817,567
-
-
Changes in economic circumstances
17,491,373
-
8,890,876
Employee leave payouts
4,611,424
-
2,783,523
Self insurance
7,583,333
-
-
Fire District facilities capital repair
-
-
8,642,982
PERS rate stabilization
100,000
-
3,799,274
Family sports center replacement
5,796,414
-
-
Law enforcement
6,805,789
-
-
Assigned:
Radio system acquisition
501,722
-
-
Communications
-
-
1,153,445
Dispatch system acquisition
-
-
420,613
City infrastructure
19,020,323
-
-
Capital projects
-
-
22,124,220
Economic and community development
special services
1,888,563
-
-
Sphere of influence issues
2,709,910
-
-
Animal Center operations
400,781
-
-
GASB 31 unrealized gain
7,214
-
7,054
Mobile home park program
109,339
-
-
Continuing operations
86,185
-
73,334
Unassigned
-
-
-
-
Total Fund Balances
106,150,753
16,774,657
124,943,671
68,998,074
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 112,028,499
$ 25,786,695
$ 145,778,926 $
73,709,362
See Notes to Financial Statements 28
CITY OF RANCHO CUCAMONGA
BALANCE SHEET
GOVERNMENTALFUNDS
JUNE 30, 2015
Fund Balances:
Nonspendable:
Prepaid costs
Deposits
Notes and loans
Land held for resale
Advances to other funds
Restricted:
Community development projects
Public safety - police
Parks and recreation
Engineering and public works
Capital improvement projects
Street lighting
Landscape maintenance
Library services
Underground utilities
Technology replacement
General plan update
Contractual obligation
Information technology
SB1186 certified access specialist services
Committed:
Vehicle and equipment replacement
Working capital
Booking fees
City facilities capital repair
Changes in economic circumstances
Employee leave payouts
Self insurance
Fire District facilities capital repair
PERS rate stabilization
Family sports center replacement
Law enforcement
Assigned:
Radio system acquisition
Communications
Dispatch system acquisition
City infrastructure
Capital projects
Economic and community development
special services
Sphere of influence issues
Animal Center operations
GASB 31 unrealized gain
Mobile home park program
Continuing operations
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
See Notes to Financial Statements 29
Other
Total
Governmental
Governmental
Funds
Funds
33,942
288,912
15,000
35,000
-
118,349,772
1,076,211
3,426,211
-
3,822,987
15,197,109
19,433, 708
1,147, 092
1,147, 092
2,763,319
2,763,319
43,864,144
43,864,144
5,277,632
24,128,769
5,027,612
5,027,612
12, 533, 983
12, 533, 983
7,105,908
7,105,908
11,653,943
11,653,943
-
92,541
-
198,794
-
4,107,953
-
512,564
-
16,537
- 3,630,871
- 17,206,113
- 1,391,059
- 26,817,567
- 26,382,249
- 7,394,947
- 7,583,333
- 8,642,982
- 3,899,274
- 5,796,414
- 6,805,789
- 501,722
- 1,153,445
- 420,613
- 19,020,323
- 22,124,220
- 1,888,563
- 2,709,910
- 400,781
- 14,268
- 109,339
- 159,519
(514,340) (514,340)
105,181,555 422,048,710
$ 114,927,462 $ 472,230,944
THIS PAGE INTENTIONALLY LEFT BLANK
30
CITY OF RANCHO CUCAMONGA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
JUNE 30, 2015
Fund balances of governmental funds
Amounts reported for governmental activities in the statement of net position are
different because:
Capital assets net of depreciation have not been included as financial resources
in governmental fund activity.
Deferred outflows related to pension related items are not included in the governmental
fund activity:
Contributions made after the measurement date $ 6,687,247
Differences between actual contributions and the proportionate share of contributions 184,333
Deferred inflows related to pension related items are not included in the governmental
fund activity:
Difference between projected and actual earnings on pension plans investments (17,131,912)
Differences in proportions (397,157)
Long -term debt, compensated absences and net pension liability are not included in
the governmental fund activity:
Advances from Successor Agency
Claims and judgments
Capital leases
Compensated absences
Net pension liability
Governmental funds report all OPEB contributions as expenditures;
however, in the statement of net position, any excesses or deficiencies
in contributions in relation to the Annual Required Contribution (ARC) are
recorded as an asset or liability.
Governmental funds report all PARS contributions as expenditures;
however, in the statement of net position, any excesses or deficiencies
in contributions in relation to the Annual Required Contribution (ARC) are
recorded as an asset or liability.
Revenues reported as unavailable revenue in the governmental funds and recognized
in the statement of activities. These are included in the intergovernmental revenues
in the governmental fund activity.
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management, to individual funds. The assets and
liabilities of the internal service funds are added to the statement of net position.
Net position of governmental activities
See Notes to Financial Statements 31
(3,953,624)
(3,419,806)
(61,920)
(7,323,946)
(49,702,123)
422,048,710
722,898,422
6,871,580
(17,529,069)
(64,461,419)
15,668,161
5,114,048
33,398,085
13,373,214
$ 1,137,381,732
CITY OF RANCHO CUCAMONGA
STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTALFUNDS
YEAR ENDED JUNE 30, 2015
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Public safety - animal center
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Proceeds from sale of capital asset
Contributions to other governments
Total Other Financing Sources
(Uses)
Extraordinary gain /(loss)
Net Change in Fund Balances
Fund Balances:
Beginning of year
End of Year
General
Special Revenue Funds
Citywide Housing
Infrastructure Successor
Improvement Agency Fire District
$ 60,564,721
$ - $
- $ 35,551,660
3,919,093
-
- 23,095
390,032
4,995,804
- -
3,250,622
-
- 23,564
1,166,514
116,460
397,884 1,005,712
1,402,246
-
- 38,985
35,658
-
- -
3,167,846
6,028,318
547,742 1,151,702
73,896,732
11,140,582
945,626 37,794,718
11,825,566 - - -
31,213,894 - - -
- - - 29,479,779
2,745,903 - - -
4,108,849 - 111,518 -
4,212,357 - - -
10,666,160 36,178 - -
1,161,719 600,898 - 4,467,269
8,885
-
-
3,126
5,572
-
-
174,061
65,948,905
637,076
111,518
34,124,235
7,947,827
10,503,506
834,108
3,670,483
1,185, 360
-
-
-
(2,676,405)
-
-
-
22,721
-
-
1,457
(1,468, 324)
-
-
1,457
(9,521,226)
-
4,320,145
-
(3,041,723)
10,503,506
5,154,253
3,671,940
109,192,476
6,271,151
119,789,418
65,326,134
$ 106,150,753
$ 16,774,657
$ 124,943,671
$ 68,998,074
See Notes to Financial Statements 32
CITY OF RANCHO CUCAMONGA
STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTALFUNDS
YEAR ENDED JUNE 30, 2015
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Public safety - animal center
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Proceeds from sale of capital asset
Contributions to other governments
Total Other Financing Sources
(Uses)
Extraordinary gain /(loss)
Net Change in Fund Balances
Fund Balances:
Beginning of year
End of Year
See Notes to Financial Statements 33
Other
Governmental
Funds
$ 17,033,275
303,500
9,770,993
3,447,939
2,230,664
726,757
12,051,237
1,381,209
46,945,574
4,211,369
339,700
47,122
10,426,235
8,027,260
6,281,880
13,256,700
8,093
2,049
42,600,408
4,345,166
874,784
(431,390)
(19,087)
Total
Governmental
Funds
$ 113,149,656
4,245,688
15,156, 829
6,722,125
4,917,234
1,441,231
762,415
12,051,237
12,276,817
170,723,232
16,036,935
31,553,594
29,526,901
2,745,903
14,646,602
12,239,617
16,984,218
19,486, 586
20,104
181,682
143,422,142
27,301,090
2,060,144
(3,107,795)
24,178
(19,087)
424,307 (1,042,560)
4,769,473
100,412,082
$ 105,181,555
(5,201,081)
21,057,449
400,991,261
$ 422,048,710
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34
CITY OF RANCHO CUCAMONGA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2015
Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are
different because:
Governmental funds report capital outlays as expenditures. However, in the statement
of activities, the costs of those assets are allocated over their estimated useful lives
as depreciation expense.
Capital outlay $ 17,153,621
Capital assets contributed from the Successor Agency 4,905,912
Depreciation (14,192,538)
Gain /(loss) on sale of capital assets (1,785,135)
The issuance of long -term debt provides current financial resources to governmental
funds, while repayment of principal of long -term debt consumes current financial
resources of governmental funds. Neither transaction, however, has any effect on net
position.
Capital lease principal payments 20,104
Change in claims and judgments payable 759,225
Compensated absences expenses reported in the statement of activities do not
require the use of current financial resources and, therefore, are not reported as
expenditures in governmental funds.
Governmental funds report all contributions in relation to the annual required
contribution (ARC) for OPEB as expenditures; however, in the statement
of activities, only the ARC is an expense.
Governmental funds report all contributions in relation to the annual required
contribution (ARC) for PARS as expenditures; however, in the statement
of activities, only the ARC is an expense.
Pension obligation expenses is an expenditure in the governmental funds,
but reduce the Net Pension Liability in the statement of net position.
Revenues reported as unavailable revenue in the governmental funds and recognized
in the statement of activities. These are included in the intergovernmental revenues
in the governmental fund activity.
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management, to individual funds. The assets and
liabilities of the internal service funds are added to the statement of net position.
Change in net position of governmental activities
See Notes to Financial Statements 35
$ 21,057,449
6,081,860
779,329
134,982
(520,914)
218,506
818,310
(1,815,538)
(474,698)
$ 26,279,286
CITY OF RANCHO CUCAMONGA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2015
Net Position:
Business -Type Activities - Enterprise Funds
Governmental
Net investment in capital assets
13,200,531
12,669,006
Activities -
2,126,789
Sports
Municipal
REGIS
- 718,571
Internal
Unrestricted
Complex
Utility
Connect
Total
Service Funds
Assets:
24,956,920
51,015 37,463,332
13,373,214
Total Liabilities, Deferred Inflows of
Current:
Resources and Net Position
$ 13,611,453
$ 26,666,677
Cash and investments
$ 120,768
$12,230,680
$ 38,308
$ 12,389,756
$ 11,371,581
Receivables:
Accounts
25,240
1,604,540
32,202
1,661,982
3,519
Notes and loans
-
2,102
-
2,102
-
Accrued interest
-
16,162
13
16,175
14,318
Prepaid costs
-
8,675
-
8,675
-
Net Pension Asset
145,303
79,649
-
224,952
-
Total Current Assets
291,311
13,941,808
70,523
14,303,642
11,389,418
Noncurrent:
Capital assets - net of
accumulated depreciation
13,200,531
12,669,006
-
25,869,537
3,628,945
Total Noncurrent Assets
13,200,531
12,669,006
-
25,869,537
3,628,945
Total Assets
13,491,842
26,610,814
70,523
40,173,179
15,018,363
Deferred Outflows of Resources:
Deferred pension related items
119,611
55,863
-
175,474
-
Total Deferred Outflows of Resources
119,611
55,863
-
175,474
-
Total Assets and Deferred Outflows of
Resources
$ 13,611,453
$26,666,677
$ 70,523
$ 40,348,653
$ 15,018,363
Liabilities, Deferred Inflows of
Resources and Net Position:
Liabilities:
Current:
Accounts payable
$ 89,677
$ 881,032
$ 2,426
$ 973,135
$ 142,993
Accrued liabilities
43,187
17,503
-
60,690
-
Deposits payable
-
269,271
-
269,271
-
Due to other funds
-
-
17,082
17,082
-
Capitalleases
-
-
-
-
508,516
Total Current Liabilities
132,864
1,167,806
19,508
1,320,178
651,509
Noncurrent:
Capital leases
-
-
-
-
993,640
Net pension liability
742,289
392,668
-
1,134,957
-
Total Noncurrent Liabilities
742,289
392,668
-
1,134,957
993,640
Total Liabilities
875,153
1,560,474
19,508
2,455,135
1,645,149
Deferred Inflows of Resources:
Deferred pension related items
280,903
149,283
-
430,186
-
Total Deferred Inflows of Resources
280,903
149,283
-
430,186
-
Net Position:
Net investment in capital assets
13,200,531
12,669,006
- 25,869,537
2,126,789
Restricted for public benefit - Municipal Utility
-
718,571
- 718,571
-
Unrestricted
(745,134)
11,569,343
51,015 10,875,224
11,246,425
Total Net Position
12,455,397
24,956,920
51,015 37,463,332
13,373,214
Total Liabilities, Deferred Inflows of
Resources and Net Position
$ 13,611,453
$ 26,666,677
$ 70,523 $ 40,348,653
$ 15,018,363
See Notes to Financial Statements 36
CITY OF RANCHO CUCAMONGA
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2015
Total Nonoperating
Business -Type Activities - Enterprise Funds
Governmental
Revenues (Expenses)
70,287
Activities -
428
Sports
Municipal
REGIS
(2,018,311)
Internal
25,915
Complex
Utility
Connect
Total
Service Funds
Operating Revenues:
1,386,340
846,671
Transfers out
-
(1,185,360)
Sales and service charges
$ 262,818
$ 11,973,419
$ 82,490
$ 12,318,727
$ 198,963
Rent
179,308
-
-
179,308
-
Miscellaneous
5,716
11,590
-
17,306
-
Total Operating Revenues
447,842
11,985,009
82,490
12,515,341
198,963
Operating Expenses:
$ 36,696,799
$ 13,847,912
Restatements
(796,794)
(419,288)
Salaries and benefits
1,228,415
482,188
-
1,710,603
-
Maintenance and operations
580,926
6,335,639
57,003
6,973,568
574,231
Contractual services
294,778
793,090
-
1,087,868
-
Depreciation expense
432,321
730,960
-
1,163,281
1,078,665
Total Operating Expenses
2,536,440
8,341,877
57,003
10,935,320
1,652,896
Operating Income (Loss)
(2,088,598)
3,643,132
25,487
1,580,021
(1,453,933)
Nonoperating Revenues (Expenses):
Admissions tax
70,278
-
-
70,278
-
Interest revenue
9
130,899
428
131,336
190,250
Interest expense
-
-
-
-
(57,686)
Total Nonoperating
Revenues (Expenses)
70,287
130,899
428
201,614
132,564
Income (Loss) Before Transfers
(2,018,311)
3,774,031
25,915
1,781,635
(1,321,369)
Transfers in
1,386,340
-
-
1,386,340
846,671
Transfers out
-
(1,185,360)
-
(1,185,360)
-
Changes in Net Position
$ (631,971)
$ 2,588,671 $
25,915
$ 1,982,615
$ (474,698)
Net Position:
Beginning of Year, as
previously reported
$ 13,884,162
$ 22,787,537 $
25,100
$ 36,696,799
$ 13,847,912
Restatements
(796,794)
(419,288)
-
(1,216,082)
-
Beginning of Fiscal Year, as restated
13,087,368
22,368,249
25,100
35,480,717
13,847,912
Changes in Net Position
(631,971)
2,588,671
25,915
1,982,615
(474,698)
End of Fiscal Year
$ 12,455,397
$ 24,956,920 $
51,015
$ 37,463,332
$ 13,373,214
See Notes to Financial Statements 37
CITY OF RANCHO CUCAMONGA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2015
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to suppliers for goods and services
Cash paid to employees for services
Operating Activities
Cash Flows from Non - Capital
Financing Activities:
Cash transfers in
Cash transfers out
Amounts paid to other funds
Admissions tax received
Amounts paid to other governments
Net Cash Provided (Used) by
Non - Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Business -Type Activities - Enterprise Funds
335,333
10,214,636
-
10,549,969
12,161,767
Governmental
$ 120,768
$ 12,230,680 $
38,308
$ 12,389,756
Activities -
Sports
Municipal
REGIS
Internal
Complex
Utility
Connect
Total
Service Funds
$ 433,667
$ 12,296,679
$ 103,612
$ 12,833,958
$ 195,444
(842,237)
(7,148,442)
(55,182)
(8,045,861)
(563,543)
(1,262,623)
(495,529)
(212)
(1,758,364)
net cash provided (used) by operating activities:
(1,671,193)
4,652,708
48,218
3,029,733
(368,099)
Depreciation
432,321
730,960
-
1,163,281
1,386,340
-
-
1,386,340
846,671
-
(1,185,360)
-
(1,185,360)
-
-
-
(10,325)
(10,325)
(119,611)
70,278
-
(175,474)
70,278
(Increase) decrease in notes and loans receivable
-
(1,000)
-
(1,000)
-
(Increase) decrease in prepaid expense
-
(1,321)
500
(821)
1,456,618
(1,186,360)
(10,325)
259,933
846,671
(1,575,352)
(1,575,352) (901,074)
- (499,710)
- (57,689)
- (1,575,352) - (1,575,352) (1,458,473)
10 125,048 415 125,473 189,715
10 125,048 415 125,473 189,715
(214,565) 2,016,044 38,308 1,839,787 (790,186)
Cash and Cash Equivalents at Beginning of Year
335,333
10,214,636
-
10,549,969
12,161,767
Cash and Cash Equivalents at End of Year
$ 120,768
$ 12,230,680 $
38,308
$ 12,389,756
$ 11,371,581
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
$ (2,088,598)
$ 3,643,132 $
25,487
$ 1,580,021
$ (1,453,933)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation
432,321
730,960
-
1,163,281
1,078,665
(Increase) decrease in accounts receivable
(14,175)
261,136
21,122
268,083
(3,519)
(Increase) decrease in net pension asset
(43,354)
(23,765)
-
(67,119)
(Increase) decrease in deferred outflows from pensions
(119,611)
(55,863)
(175,474)
(Increase) decrease in notes and loans receivable
94
-
94
(Increase) decrease in prepaid expense
-
(1,321)
500
(821)
-
Increase (decrease) in accounts payable
33,467
(18,392)
1,321
16,396
10,688
Increase (decrease) in accrued liabilities
4,308
(492)
(212)
3,604
-
Increase (decrease) in deposits payable
-
50,440
-
50,440
Increase (decrease) in net pension liability
(156,454)
(82,504)
(238,958)
Increase (decrease) in deferred inflows from pensions
280,903
149,283
-
430,186
-
Total Adjustments
417,405
1,009,576
22,731
1,449,712
1,085,834
Net Cash Provided (Used) by
Operating Activities
$ (1,671,193)
$ 4,652,708 $
48,218
$ 3,029,733
$ (368,099)
Non -Cash Investing, Capital, and Financing Activities:
There was no non -cash investing, capital and financing activities in the current fiscal year.
See Notes to Financial Statements 38
CITY OF RANCHO CUCAMONGA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Developer loans
Prepaid bond insurance
Due from City
Advances to City
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Capital assets:
Capital assets, not being depreciated
Capital assets, net of accumulated depreciation
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Accrued interest
Deposits payable
Payable to trustee
Due to external parties /other agencies
Long -term liabilities:
Due in one year
Due in more than one year
Total Liabilities
Deferred Inflows of Resources:
Deferred charges on refunding
Total Deferred Inflows or Resources
Net Position:
Held in trust for other purposes
Total Net Position
See Notes to Financial Statements 39
Private -
Purpose Trust
Fund
Successor
Agency Agency of the
Funds Former RDA
$ 21,204,682 $ 23,520,235
188,053
113,947 -
4,233 -
- 11,809,648
- 2,308,732
- 305,314
- 3,953,624
- 3,473,832
5,203,793 1,512,338
- 2,703,294
- 40,034,000
$ 26,714,708 89,621,017
$ 74,773
22,239
8,335,437
17,949,088
333,171
$ 26,714,708
5,490,245
9,320,984
341, 924,136
356,735,365
2,324,547
2,324,547
(269,438,895)
$ (269,438,895)
CITY OF RANCHO CUCAMONGA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2015
Additions:
Taxes
Interest and change in fair value of investments
Total Additions
Deductions:
Bond issuance costs
Administrative expenses
Contractual services
Interest expense
Depreciation expense
Contributions to City
Payment of prior pass- through agreement
Total Deductions
Extraordinary gain /(loss)
Changes in Net Position
Net Position:
Beginning of year
Net Position - End of the Year
See Notes to Financial Statements 40
Private -
Purpose Trust
Fund
Successor
Agency of the
Former RDA
$ 28,759,725
88.924
28,848,649
1,543,036
78,758
1,456, 519
17,395,994
2,516,482
6,778,563
10,094
29,779,446
295,169
(635,628)
(268,803,267)
$ (269,438,895)
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2015
I. SIGNIFICANT ACCOUNTING POLICIES
Note 1: Organization and Summary of Significant Accounting Policies
a. Description of Entity
The City of Rancho Cucamonga was incorporated on November 30, 1977, under the
laws of the State of California and enjoys all the rights and privileges applicable to a
General Law City. It is governed by an elected five - member board. As required by
accounting principles generally accepted in the United States of America, these financial
statements present the City of Rancho Cucamonga (the City) and its component units,
entities for which the City is considered financially accountable.
The inclusion of an organization within the scope of the reporting entity of the City of
Rancho Cucamonga is based on the provisions of GASB Statement No. 14 and amended
with GASB Statement No. 61. The blended component units discussed below, although
legally separate entities, are in substance part of the government operation and so data
from these component units has been combined herein. The following criteria were used
in the determination of the blended component units:
The members of the City Council also act as the governing body of
the Rancho Cucamonga Public Improvement Corporation (the Improvement
Corporation), the Rancho Cucamonga Fire Protection District (the Fire District), the
Rancho Cucamonga Library (the Library) and the Rancho Cucamonga Public
Financing Authority (the Financing Authority).
2. The Improvement Corporation, the Fire District, the Library and the Financing
Authority are managed by employees of the City. A portion of the City's general
overhead costs is allocated to the Fire District and the Library.
3. The City, the Improvement Corporation, the Fire District, the Library and the
Financing Authority are financially interdependent. They provide financial
benefit /burden to the City.
Blended Component Units
The Rancho Cucamonga Public Improvement Corporation was incorporated on
November 14, 1988, under the Non - Profit Public Benefit Corporation Law of the State of
California. The Corporation was established for charitable purposes including rendering
financial assistance to the City by financing, acquiring, constructing, improving and
leasing public improvements for the benefit of residents of the City and the surrounding
area. Separate financial statements are not available for the Improvement Corporation.
The Rancho Cucamonga Fire Protection District (formerly, Foothill Fire Protection
District) was a special district formed by the County of San Bernardino for the purpose of
fire suppression within its boundaries. Effective July 1, 1989, operations of this district
were taken over by the City of Rancho Cucamonga. The Fire District still operates as a
separate special district; however, now it is under the control of the City of
Rancho Cucamonga instead of the County of San Bernardino. Separate financial
statements are available for the Fire District.
41
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
The Rancho Cucamonga Library was part of the San Bernardino County Library System
in which the City of Rancho Cucamonga participated. Effective July 1, 1994, and
pursuant to California Code Section 19104, the City withdrew from the County Library
System. As of this date, the Library operates as a separate entity under the control of the
City. Separate financial statements are not available for the Library.
The Rancho Cucamonga Public Financing Authority was established on April 21, 1999,
pursuant to Article I (commencing with Section 6500) of Chapter 5 of Division 7 of Title I
of the California Government Code. Its purpose is to facilitate the financing and the
refinancing of construction, expansion, upgrading and improvement of the public capital
facilities necessary to support the rehabilitation and construction of residential and
economic development within the City. Separate financial statements are not available for
the Financing Authority.
b. Government -Wide and Fund Financial Statements
The government -wide financial statements (i.e., the statement of net position and the
statement of activities) report information on all of the nonfiduciary activities of the
primary government and its component units. For the most part, the effect of interfund
activity has been removed from these statements. Governmental activities, which
normally are supported by taxes and intergovernmental revenues, are reported
separately from business -type activities, which rely to a significant extent on fees and
charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a
given function or segment is offset by program revenues. Direct expenses are those that
are clearly identifiable with a specific function or segment. Program revenues include:
1) charges to customers or applicants who purchase, use or directly benefit from goods,
services or privileges provided by a given function or segment, and 2) grants and
contributions that are restricted to meeting the operational or capital requirements of a
particular function or segment. Taxes and other items not properly included among
program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds and
fiduciary funds, even though the latter are excluded from the government -wide financial
statements. Major individual governmental funds and major individual enterprise funds
are reported as separate columns in the fund financial statements.
c. Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government -wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund and
fiduciary fund financial statements. Revenues are recorded when earned and expenses
are recorded when a liability is incurred, regardless of the timing of related cash flows.
Property taxes are recognized as revenues in the year for which they are levied. Grants
and similar items are recognized as revenue as soon as all eligibility requirements
imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial
resources measurement focus and the modified accrual basis of accounting. Revenues
42
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
are recognized as soon as they are both measurable and available. Revenues are
considered to be available when they are collectible within the current period or soon
enough thereafter to pay liabilities of the current period. For this purpose, the government
considers revenues to be available if they are collected within 60 days of the end of the
current fiscal period, except for sales tax revenues which is 90 days. Expenditures
generally are recorded when a liability is incurred, as under accrual accounting. However,
debt service expenditures, as well as expenditures related to compensated absences and
claims and judgments, are recorded only when payment is due.
The City's fiduciary funds consist of agency funds and a private purpose trust fund.
Agency funds are used to account for situations where the government's role is purely
custodial. All assets reported in an agency fund are offset by a liability to the party on
whose behalf they are held. Agency funds have no measurement focus. Private purpose
trust funds are accounted for using the "economic resources" measurement focus and
the accrual basis of accounting. Under the accrual basis of accounting, revenues are
recognized in the period in which they are earned while expenses are recognized in the
period in which the liability is incurred.
Property taxes, franchise taxes, licenses and interest associated with the current fiscal
period are all considered to be susceptible to accrual and so have been recognized as
revenues of the current fiscal period. Only the portion of special assessments receivable
due within the current fiscal period is considered to be susceptible to accrual as revenue
of the current period. All other revenue items are considered to be measurable and
available only when the government receives cash.
The City reports the following major governmental funds:
• The General Fund is the general operating fund of the City. All general tax receipts
and fee revenue not allocated by law, Council policy or contractual agreement to
other funds are accounted for in the General Fund. General Fund expenditures
include operations traditionally associated with activities which are not required to be
accounted for or paid by another fund.
• The Citywide Infrastructure Improvement Fund accounts for capital improvement
reimbursements primarily from the San Bernardino Associated Governments
(SANBAG). The source of revenue in the fund is primarily from other governments.
The funds will be used for general infrastructure improvements throughout the City.
• The Housing Successor Agency Fund accounts for the assets of the former
Redevelopment Agency's Low and Moderate Income Housing Fund. The source of
revenue in the fund is primarily from interest received from the notes and loans
receivable.
• The Fire District Fund accounts for the revenue and disbursement of funds received
by the Rancho Cucamonga Fire Protection District in the course of that agency's fire
protection services. The source of revenue in the fund is primarily from property
taxes.
The City reports the following major proprietary funds:
• The Sports Complex Fund accounts for personnel and operating costs directly
associated with the operation of the baseball facility, which is the home of the
Rancho Cucamonga Quakes.
43
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
• The Municipal Utility Fund accounts for the costs of labor and materials used in the
operation, maintenance, construction and consumption of electric services to certain
major commercial / industrial developments within the City.
• The REGIS Connect Fund accounts for costs associated with the development of the
Rancho Cucamonga Enterprise GIS Connect Program which provides services to the
City and agency partners that are in need of their expertise.
Additionally, the City reports the following fund types:
• Internal service funds account for the financial transactions related to repair,
replacement and maintenance of City -owned vehicles and equipment and the City's
general information systems and telecommunications hardware and software.
• Agency funds are custodial in nature and do not involve the measurement of results
of operations. The City's agency funds account for deposits held by the City in its
fiduciary capacity and assessments received for various purposes which are
restricted for payment of principal, interest and penalties on special obligation bonds.
• Private - purpose trust funds are used to account for the assets and liabilities of the
former Redevelopment Agency and the allocated revenue to pay estimated
installment payments of enforceable obligations until the obligations of the former
Redevelopment Agency are paid in full and assets have been liquidated.
As a general rule, the effect of interfund activity has been eliminated from the
government -wide financial statements. Exceptions to this general rule are charges
between the government's proprietary funds functions and various other functions of the
government. Elimination of these charges would distort the direct costs and program
revenues reported for the various functions concerned.
Amounts reported as program revenues include: 1) charges to customers or applicants
for goods, services or privileges provided, 2) operating grants and contributions, and
3) capital grants and contributions, including special assessments. Internally dedicated
resources are reported as general revenues rather than as program revenues. Likewise,
general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from non - operating
items. Operating revenues and expenses generally result from providing services and
producing and delivering goods in connection with a proprietary fund's principal ongoing
operations. The principal operating revenues of the Enterprise Funds and of the Internal
Service Funds are charges to customers for sales and services. Operating expenses for
Enterprises Funds and Internal Service Funds include the cost of sales and services,
administrative expenses and depreciation on capital assets. All revenues and expenses
not meeting this definition are reported as non - operating revenues and expenses.
44
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
d. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity
Cash and Investments
All cash and investments, except those that are held by fiscal agents, are held in a
City pool. These pooled funds are available upon demand and therefore are
considered cash and cash equivalents for purposes of the statement of cash flows.
Investments held by fiscal agents with an original maturity of three months or less are
also considered cash equivalents and are shown as restricted assets for financial
statement presentation purposes.
Investments for the City, as well as for its component units, are reported at fair value.
The City's policy is generally to hold investments until maturity.
Receivables and Payables
Activity between funds that are representative of lending /borrowing arrangements
outstanding at the end of the fiscal year are referred to as either "due to /from other
funds" (i.e., the current portion of interfund loans) or "advances to /from other funds"
(i.e., the non - current portion of interfund loans). All other outstanding balances
between funds are reported as "due to /from other funds." Any residual balances
outstanding between the governmental activities and business -type activities are
reported in the government -wide financial statements as "internal balances."
All trade and property tax receivables are shown net of allowance for uncollectibles.
Prepaid Costs
Certain payments to vendors reflect costs applicable to future accounting periods and
are recorded as prepaid items in both government -wide and fund financial
statements.
Land Held for Resale
Land purchased for resale is capitalized as inventory at acquisition costs as the City
expects to sell this land with no decline in value.
Restricted Assets
Certain proceeds of debt issues, as well as certain resources set aside for their
repayment, are classified as restricted assets on the balance sheet because their use
is limited by applicable bond covenants.
Capital Assets
Capital assets, which include property, plant, equipment, infrastructure (e.g., roads,
bridges, sidewalks and similar items) and intangible assets, are reported in the
applicable governmental or business -type activities columns in the government -wide
financial statements. The City defines capital assets as assets with an initial,
individual cost of more than $5,000 (amount not rounded) and an estimated useful
45
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
life in excess of one year. Such assets are recorded at historical cost when
purchased or constructed. Donated capital assets are recorded at estimated fair
market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the
assets or materially extend assets lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are
constructed. Interest incurred during the construction phase of capital assets of
business -type activities is included as part of the capitalized value of the assets
constructed.
Property, plant, equipment, and infrastructure of the primary government, as well as
its component units, are depreciated using the straight -line method over the following
estimated useful lives:
Assets Years
Building improvements
10 -50
Improvements other than buildings
10 -40
Computer equipment and software
3 -15
Equipment and vehicles
3 -20
Furniture and fixtures
3 -20
Infrastructure
10 -75
Deferred outflows /inflows of resources
In addition to assets, the statement of financial position and governmental fund
balance sheet will sometimes report a separate section for deferred outflows of
resources. This separate financial statement element, deferred outflows of resources,
represents a consumption of net position of fund balance that applies to a future
period(s) and so will not be recognized as an outflow of resources
(expense /expenditure) until then. The government reports deferred outflows of
resources for pension contributions made after the actuarial measurement date which
will be expensed in the following year and for actuarial adjustments due to the
proportionate share of the risk pool's total contributions made to the pension liability
which will be amortized over the expected average remaining service life time.
In addition to liabilities, the statement of financial position will sometimes report a
separate section for deferred inflows of resources. This separate financial statement
element, deferred inflows of resources, represents an acquisition of net position that
applies to a future period(s) and thus will not be recognized as an inflow of resources
(revenue) until that time. The government has one item, which arises only under a
modified accrual basis of accounting that qualifies for reporting in this category.
Accordingly, the item, unavailable revenue, is reported only in the governmental
funds balance sheet. The governmental funds report unavailable revenues from two
sources: taxes and grant revenues. These amounts are deferred and recognized as
an inflow of resources in the period that the amounts become available. In addition,
46
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
the government has deferred inflows relating to the net pension liability reported in
the government -wide statement of net position. These inflows are the result of the net
difference between projected and actual earnings on pension plan investments. This
amount is deferred and amortized straight -line over a five year period. The
government also reports deferred inflows for deferred charges on debt refunding.
Accrued Employee Benefits
The City's policy permits employees to accumulate earned but unused vacation and
sick pay benefits. The total amount of liability for unused vacation and sick pay
benefits is accrued when incurred in the government -wide financial statements. The
City utilizes the General Fund and the Fire District Special Revenue Fund in the
governmental fund financial statements to account for the short -term portion of its
liability. The short -term portion is the unused reimbursable leave still outstanding
following an employee's resignation or retirement.
Vacation pay is payable to employees at the time a vacation is taken or upon
termination of employment. Fire District employees cannot accrue more than one and
one -half times their 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 is eligible to convert unused sick leave to
vacation in accordance with the following and with any remainder of hours to still
remain unused sick time:
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.
Long -Term Obligations
In the government -wide financial statements and proprietary fund types in the fund
financial statements, long -term debt and other long -term obligations are reported as
liabilities in the applicable governmental activities, business -type activities or
proprietary fund type statement of net position. Bond premiums and discounts are
deferred and amortized over the life of the bonds using the effective interest method.
Bonds payable are reported net of the applicable bond premium or discount. Bond
issuance cost, whether or not withheld from the actual debt proceeds received, are
reported as debt service expenses.
47
Accumulated Sick
Employee
Leave Balance
Vacation
Type
Prior Calendar Year
Conversion Rate
shift
108 - 144 hours
one -half
shift
72 - 108 hours
one - fourth
40 -hour
90 - 120 hours
one -half
40 -hour
60 - 90 hours
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.
Long -Term Obligations
In the government -wide financial statements and proprietary fund types in the fund
financial statements, long -term debt and other long -term obligations are reported as
liabilities in the applicable governmental activities, business -type activities or
proprietary fund type statement of net position. Bond premiums and discounts are
deferred and amortized over the life of the bonds using the effective interest method.
Bonds payable are reported net of the applicable bond premium or discount. Bond
issuance cost, whether or not withheld from the actual debt proceeds received, are
reported as debt service expenses.
47
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
In the fund financial statements, governmental fund types recognize bond premiums
and discounts, as well as bond issuance costs, during the current period. The face
amount of debt issued is reported as other financing sources. Premiums received on
debt issuances are reported as other financing sources while discounts on debt
issuances are reported as other financing uses. Issuance costs, whether or not
withheld from the actual debt proceeds received, are reported as debt service
expenditures.
Fund Balance
Fund balance is essentially the difference between the assets, liabilities, and
deferred inflows reported in a governmental fund. There are five separate
components of fund balance, each of which identifies the extent to which the City is
bound to honor constraints on the specific purposes for which amounts can be spent.
• Non - spendable fund balance (inherently non - spendable)
• Restricted fund balance (externally enforceable limitations on use)
• Committed fund balance (self - imposed limitations on use)
• Assigned fund balance (limitation resulting from intended use)
• Unassigned fund balance (residual net resources)
The City Council, as the City's highest level of decision - making authority, may
commit fund balance for specific purposes pursuant to constraints imposed by the
adoption of a resolution. These committed amounts cannot be used for any other
purpose unless the City Council removes or changes the specified use through the
same type of formal action taken to establish the commitment. City Council action to
commit fund balance needs to occur within the fiscal reporting period; however the
amount can be determined subsequently. Fund balance commitments were as
follows:
Chanaes in Economic Circumstances
The City's General Fund balance committed for changes in economic
circumstances is established at a goal of a six month reserve, or 50% of the City
General Fund operating budget for the upcoming fiscal year. The Fire District's
fund balance committed for changes in economic circumstances is established at
a goal of a six month reserve, or 50% of the Fire District's operating budget for
the upcoming fiscal year. As defined in the resolution establishing this
commitment, the specific uses are listed as the declaration of a state or federal
state of emergency or a local emergency as defined in Rancho Cucamonga
Municipal Code Section 2.36.020; or a change in economic circumstances in a
given fiscal year that results in revenues to the City /Fire District being insufficient
to cover expenditures for one or more fiscal years. The City Council /Fire Board
may, by the affirming vote of three members, change the amount of this
commitment and /or the specific uses of these monies.
City Facilities Capital Repair
The City's General Fund balance committed for City facilities capital repair and
property acquisition is established at a minimum goal of 50% of capital assets
value comprised of construction in progress (excluding infrastructure), building
improvements, and improvements other than building for governmental activities.
48
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Fire District Facilities Capital Repair
The Fire District's fund balance committed for the Fire District facilities capital
repair is hereby committed to a minimum goal of 50% of capital assets value
comprised of construction in progress (excluding infrastructure), building
improvements, and improvements other than building for public safety -fire
activities.
Working Capital
The City's General Fund balance committed for Working Capital is established at
a goal of a minimum of 5% of the City's General Fund operating budget for the
upcoming fiscal year. The Fire District's fund balance committed for Working
Capital is established at a goal of a minimum of 50% of the District's operating
budget for the upcoming fiscal year.
Self- Insurance
The City's General Fund balance committed for payment of general liability
claims primarily through the use of interest earnings on the reserve but not
limited to such in the event of an unfavorable interest rate environment is
established at a minimum goal of seven times the City's total yearly SIR for all
types of insurance coverage.
Employee Leave Payouts
The City's General Fund balance and the Fire District's fund balance committed
for employee leave payouts as valued in accordance with the City's labor
contracts as of the last day of the fiscal year.
PERS Rate Stabilization
The City's General Fund and Fire District's fund balance committed to offset
projected rate increases identified in the respective annual CalPERS actuarial
valuation for two fiscal years after the year of financial reporting and identified by
the City's actuarial consultant for three more years for a total of five years
projection.
Booking Fees
The City's General Fund balance committed to provide funding for an increase in
the booking fees charged to the City by the County of San Bernardino in the
event that backfill funding is not provided by the State of California.
Vehicle and Equipment Replacement
The Fire District's fund balance committed for the replacement of fire safety
vehicles and equipment as determined based on the District's replacement
criteria is established at a minimum goal of 50% of District vehicle and equipment
replacement value.
49
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Law Enforcement
The City's General Fund balance committed for public safety purposes
Familv Sports Center Replacement
The City's General Fund balance committed for construction of the Family Sports
Center Replacement and for the future replacement and repair of major capital
assets comprising the new Family Sports Center. This reserve is established at
a minimum goal of 105% of the estimated construction cost of the Center.
Amounts that are constrained by the City's intent to be used for specific purposes,
but are neither restricted nor committed, should be reported as assigned fund
balance. Pursuant to the City's fund balance policy established by the City Council by
resolution, it has delegated the authority to assign amounts to be used for specific
purposes to the City Manager or Finance Director for the purpose of reporting these
amounts on the annual financial statements.
Fund balance flow assumptions
Sometimes the government will fund outlays for a particular purpose from both
restricted and unrestricted resources (the total of committed, assigned, and
unassigned fund balance). In order to calculate the amounts to report as restricted,
committed, assigned, and unassigned fund balance in the governmental fund
financial statements, a flow assumption must be made about the order in which the
resources are considered to be applied. The City considers restricted fund balance to
have been spent first when an expenditure is incurred for purposes for which both
restricted and unrestricted fund balance is available. Similarly, when an expenditure
is incurred for purposes for which amounts in any of the unrestricted classifications of
fund balance could be used, the City considers committed amounts to be reduced
first, followed by assigned amounts and then unassigned amounts.
Net Position
In the governmental -wide financial statements and proprietary fund financial
statements, net position is classified as follows:
Net Investment in Capital Assets — This amount consists of capital assets net of
accumulated depreciation and reduced by outstanding debt that attributed to the
acquisition, construction, or improvement of the assets.
Restricted Net Position — This amount is restricted by external creditors, grantors,
contributors, or laws or regulations of other governments.
Unrestricted Net Position — This amount is all net position that do not meet the
definition of "net investment in capital assets" or "restricted net position."
50
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
Net position flow assumption
Sometimes the government will fund outlays for a particular purpose from both
restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In
order to calculate the amounts to report as restricted — net position and unrestricted
— net position in the government -wide and proprietary fund financial statements, a
flow assumption must be made about the order in which the resources are
considered to be applied. It is the government's policy to consider restricted — net
position to have been depleted before unrestricted — net position is applied.
Property Tax
Property tax revenue is recognized on the modified accrual basis, 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 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 January proceeding the fiscal year for which the taxes are levied. Taxes are levied
on both real and personal property as it exists on that date. The tax levy covers the
fiscal period July 1 to June 30. All secured personal property taxes and one -half of
the taxes on real property are due November 1; the second installment is due
February 1. All taxes are delinquent, if unpaid, on December 10 and April 10,
respectively. Unsecured personal property taxes become due on the first of March
each year and are delinquent, if unpaid, on August 31.
Functional Classifications
Expenditures of the governmental funds are classified by function. Functional
classifications are defined as follows:
• General Government includes legislative activities, City Clerk, City Attorney, City
Manager as well as management or supportive services across more than one
functional area.
• Public Safety - Police includes those activities which involve police protection.
• Public Safety - Fire Protection includes activities of the Fire District which involve
the protection of people and property from fire as well as emergency
preparedness.
• Public Safety - Animal Center includes those activities which involve animal care
and services.
• Community Development includes those activities which involve planning and
redevelopment, as well as building and safety.
• Community Services includes activities which provide recreation, cultural and
educational services.
• Engineering and Public Works includes all maintenance, engineering and capital
improvements which relate to streets, parks, flood control and other public
facilities.
51
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 1: Organization and Summary of Significant Accounting Policies (Continued)
e. Effect of New Accounting Standards
During the fiscal year ended June 30, 2015, the City implemented the following
Governmental Accounting Standards Board (GASB) standards:
GASB Statement No. 68 – Accounting and Financial Reporting for Pensions —an
Amendment of GASB Statement No. 27 will improve the decision - usefulness of
information in local government employer entity financial reports and will enhance its
value for assessing accountability and inter - period equity by requiring recognition of
the entire net pension liability and a more comprehensive measure of pension
expense. Decision - usefulness and accountability also will be enhanced through new
note disclosures and required supplementary information. The requirements of this
statement are effective for financial statements for periods beginning after
June 15, 2014.
GASB Statement No. 71 – Pension Transition for Contributions Made Subsequent to
the Measurement Date – an amendment of GASB Statement No. 68. The objective of
this Statement is to address an issue regarding application of the transition provisions
of Statement No. 68, Accounting and Financial Reporting for Pensions. The issue
relates to amounts associated with contributions, if any, made by a local government
employer contributing entity to a defined benefit pension plan after the measurement
date of the government's beginning net pension liability. The provisions of GASB
Statement No. 71 are effective for financial statements beginning after
June 15, 2014.
52
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
11. STEWARDSHIP
Note 2: Stewardship, Compliance and Accountability
a. Encumbrances
Encumbrances are estimations of costs related to unperformed contracts for goods and
services. They represent the estimated amount of the expenditure ultimately to result if
unperformed contracts in progress at year -end are completed. They do not constitute
expenditures or estimated liabilities.
The following funds have encumbrances at June 30, 2015:
General Fund $ 2,379,738
Citywide Infrastructure Improvement Fund 238,553
Housing Successor Fund 3,000
Fire District Fund 3,964,214
Other Governmental Funds 3,662,851
b. Deficit Fund Balances or Net Position
The following nonmajor funds have a deficit at June 30, 2015:
Special Revenue Funds:
Pedestrian Grant
$ 4,751
Proposition 84 - Park Bond Act
168,087
Energy Efficient & Conservation Block Grant
96
Senior Outreach Grant
5,267
Safe Routes to School Program
233,786
Foothill Blvd. Maintenance
1,413
Public Resources Grant
121
Homeland Security Grant 2005
59,482
Used Oil Recycling Program
209
Capital Projects Funds:
Assessment District 86 -2
41,128
The City expects to eliminate these deficits with anticipated future revenues from grants,
deferred payments and reimbursements.
53
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
III. DETAILED NOTES ON ALL FUNDS
Note 3: Cash and Investments
As of June 30, 2015, cash and investments were reported in the accompanying financial
statements as follows:
Governmental activities $ 309,370,344
Business -type activities 12,389,756
Fiduciary funds 51,441,048
Total Cash and Investments $ 373,201,148
The City follows the practice of pooling cash and investments of all funds, except for funds
required to be held by fiscal agents under provisions of bond indentures. Interest income
earned on pooled cash and investments is allocated quarterly to the various funds based on
average daily cash balances. Interest Income from cash and investments with fiscal agents
is credited directly to the related fund.
Deposits
At June 30, 2015, the carrying amount of the City's deposits was $38,833,102 and the
bank balance was $39,186,443. The $353,341 difference represents outstanding checks
and other reconciling items.
The California Government Code requires California banks and savings and loan
associations to secure a City's deposits by pledging government securities with a value of
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 Treasurer may waive the collateral requirement for deposits
which are fully insured up to $250,000 by the FDIC. The collateral for deposits in federal
and state chartered banks is held in safekeeping by an authorized Agent of Depository
recognized by the State of California Department of Banking. The collateral for deposits
with savings and loan associations is generally held in safekeeping by the Federal Home
Loan Bank in San Francisco, California as an Agent of Depository. These securities are
physically held in an undivided pool for all California public agency depositors. Under
Government Code Section 53655, the placement of securities by a bank or savings and
loan association with an "Agent of Depository" has the effect of perfecting the security
interest in the name of the local governmental agency. Accordingly, all collateral held by
California Agents of Depository are considered to be held for, and in the name of, the
local governmental agency.
Investments
Under provision of the City's investment policy, and in accordance with the California
Government Code, the following investments are authorized:
• U.S. Government Agency Securities
• Municipals (Warrants, Notes and Bonds)
• Certificates of Deposit (or Time Deposits)
• Negotiable Certificates of Deposit
• FDIC Insured Certificates of Deposits
• Banker's Acceptances
54
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 3: Cash and Investments (Continued)
• Commercial Paper
• Local Agency Investment Fund (State Pool)
• Joint Powers Authority (JPA) Investment Pool (short -term)
• Deposit of Funds
• Repurchase and Investment Agreements
• Medium Term Corporate Notes
Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond
trustee. Investments of debt proceeds held by a bond trustee are governed by provisions
of the debt agreements, rather than the general provisions of the California Government
Code or the City's investment policy.
Investments in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is
regulated by California Government Code Section 16429 under the oversight of the
Treasurer of the State of California. LAIF is overseen by the Local Agency Investment
Advisory Board, which consists of five members, in accordance with State statute. The
State Treasurer's Office audits the fund annually. The fair value of the position in the
investment pool is the same as the value of the pool shares.
GASB Statement No. 31
The City adopted GASB Statement No. 31, Accounting and Financial Reporting for
Certain Investments and for External Investment Pools, as of July 1, 1997. GASB
Statement No. 31 establishes fair value standards for investments in participating interest
earning investment contracts, external investment pools, equity securities, option
contracts, stock warrants and stock rights that have readily determinable fair values.
Accordingly, the City reports its investments at fair value in the balance sheet. All
investment income, including changes in the fair value of investments, is recognized as
revenue in the operating statement.
Credit Risk
The City's investment policy limits investments in medium -term notes (MTN's) in
short -term rating of "AA" or better. As of June 30, 2015, the City invested in Federal
Farm Credit Bank, Federal Home Loan Bank, Federal Home Loan Mortgage Corp. and
Federal National Mortgage Association which were all rated "Aaa" and "AA +" by Moody's
and by S &P at June 30, 2015. All securities were investment grade and were legal under
State and City law. As of June 30, 2015, the City's investments in external investment
pools and money market mutual funds are unrated.
Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a
depository financial institution, a government will not be able to recover deposits or will
not be able to recover collateral securities that are in the possession of an outside party.
The custodial credit risk for investments is the risk that, in the event of the failure of the
counterparty to a transaction, a government will not be able to recover the value of
investment or collateral securities that are in the possession of an outside party.
As of June 30, 2015, none of the City's deposits or investments were exposed to
custodial credit risk.
55
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 3: Cash and Investments (Continued)
Concentration of Credit Risk
The City is in compliance with restrictions imposed by its investment policy, which limits
certain types of investments. As of June 30, 2015, in accordance with GASB Statement
No. 40, if the City has invested more than 5% of its total investments in any one issuer, it
is exposed to credit risk. The following investments are considered exposed to credit
risk:
Federal Farm Credit Bank
20.44%
Federal Home Loan Bank
19.14%
Federal Home Loan Mortgage Corporation
11.65%
Federal National Mortgage Association
17.59%
Investments guaranteed by the U.S. government and investments in mutual funds and
external investment pools are excluded from this.
Interest Rate Risk
The City's investment policy limits investment maturities as a means of managing its
exposure to fair value losses arising from increasing interest rates. The City's investment
policy establishes a maximum maturity of 180 days for Banker's Acceptances, 270 days
for Commercial Paper, one year for Repurchase Agreements and five years for all other
individual investments. The only exception to these maturity limits shall be the investment
of the gross proceeds of tax - exempt bonds. The City has elected to use the segmented
time distribution method of disclosure for its interest rate risk.
As of June 30, 2015, the City had the following investments and original maturities:
56
Investment Maturities (in Years)
6 months
6 months to
1 year to
3 Years to
or less
1 year
3 years
5 years
Fair Value
Investments:
Local Agency Investment Fund
$ 64,579,841
$
$ -
$ -
$ 64,579,841
Federal Governmental Agencies
Federal Farm Credit Bank
-
-
50,328,743
18,028,906
68,357,649
Federal Home Loan Bank
2,035,600
36,048,199
25,908,555
63,992,354
Federal Home Loan Mortgage Corp.
-
10,468,060
28,488,685
38,956,745
Federal National Mortgage Assoc.
-
-
25,914,020
32,885,490
58,799,510
Corporate Bonds
4,005,840
-
4,526,820
-
8,532,660
Municipal Bonds
-
3,493,490
5,649,500
8,949,368
18,092,358
Commercial Paper
4,999,802
-
-
-
4,999,802
Investments with Fiscal Agents:
Money Market Mutual Funds
8,057,127
-
-
-
8,057,127
$ 81,642,610
$ 5,529,090
$ 132,935,342
$ 114,261,004
$ 334,368,046
56
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 4: Notes and Loans Receivables
Notes and loans receivables consist of the following at June 30, 2015:
In January 1997, the former Rancho Cucamonga Redevelopment Agency
(the Agency) entered into an agreement to loan Villa Pacifica Associates, a California
Limited Partnership, up to $3,090,000 to develop senior rental housing for low and
moderate income households. The term of the loan is 40 years, with simple interest
accruing at 3% per annum on the outstanding principal balance. Payments of
principal and interest on the loan are due and payable only when there is available
annual cash flow from the development. This payment is 50% of the net annual cash
flow. Upon dissolution of the Agency, the loan receivable was transferred to the
Housing Successor Agency of the City. As of June 30, 2015, the outstanding
balance amounts to $3,135,969, including accrued interest of $45,969. Accrued
interest is offset by deferred revenue.
2. On September 1, 2005, the Agency entered into a loan agreement with Northtown
Housing Development Corporation for the purchase of undeveloped real property
and the development of an apartment complex (San Sevaine) which will increase the
supply of affordable housing to low and moderate income households for a period of
ninety -nine (99) years. This loan is a line of credit not -to- exceed $40,700,000 with
simple interest accruing at 1 % per annum from the date of disbursement for a term of
55 years (2060), as modified on May 6, 2009, with Amendment #2. Upon dissolution
of the Agency, the loan receivable was transferred to the Housing Successor Agency
of the City. As of June 30, 2015, the advances paid against this line of credit amount
to $40,457,658 and accrued interest amounts to $2,410,176 for a total of
$42,867,834. Accrued interest is offset by deferred revenue.
3. On April 19, 2006, the Agency entered into a loan agreement with LINC - Pepperwood
Housing Investors, LP to provide financial assistance from the Low and Moderate
Housing Set -aside Fund to purchase and rehabilitate the Pepperwood Apartment
Homes, which will increase the supply of affordable housing to low and moderate
income households, for not less than ninety -nine (99) years. The loan is in the form
of a line of credit not -to- exceed $21,638,113, which includes the rollover of the
BLT Partnership No. 1 loan of $2,350,000 and an amendment and increase of
$1,288,113 on May 16, 2007. The outstanding principal balance of the loan will
accrue simple interest at 2% per annum from the date of disbursement for a term of
56 years (2062). In addition to the extent there are Residual Receipts, the Developer
shall pay to the Agency 50% of the Residual Receipts from the preceding year. Upon
dissolution of the Agency, the loan receivable was transferred to the Housing
Successor Agency of the City. As of June 30, 2015, advances paid against this line
of credit amounts to $21,638,113 and accrued interest amounts to $3,665,736 for a
total balance of $25,303,849. Accrued interest is offset by deferred revenue.
4. On September 1, 2005, the Agency entered into a loan agreement with HB Housing
Partners, L.P. to provide financial assistance from the Low and Moderate Housing
Set -aside Fund to purchase and rehabilitate the Woodhaven Manor Apartments,
which will increase the supply of affordable housing to low and moderate income
households for not less than ninety -nine (99) years. The loan is in the form of a line
of credit not -to- exceed $9,000,000. Simple interest accrues on the advances as
follows: 1) 3% per annum from the date of disbursement through and including the
date immediately prior to September 21, 2022; and 2) 2% per annum from
September 21, 2022 through September 21, 2060. In addition, to the extent there
are Residual Receipts, the Developer shall pay to the Agency either 33% or 50% of
the Residual Receipts from the preceding year. Upon dissolution of the Agency, the
57
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 4: Notes and Loans Receivables (Continued)
loan receivable was transferred to the Housing Successor Agency of the City. As of
June 30, 2015, the advances paid against this line of credit amounted to $9,000,000
and accrued interest amounts to $2,328,121 for a total of $11,328,121. Accrued
interest is offset by deferred revenue.
5. On March 9, 2006, the Agency entered into a loan agreement with The Southern
California Housing Development Corporation for the acquisition, construction and
operation of affordable housing apartments, referred to as the Rancho Verde
Expansion project, which will increase the supply of very-low, low and moderate
income households. This loan is a line of credit not -to- exceed $6,500,000 with
simple interest accruing at 1.5% per annum until June 27, 2035, and 2% per annum
thereafter and payable without demand or notice on June 27, 2060. Upon dissolution
of the Agency, the loan receivable was transferred to the Housing Successor Agency
of the City. As of June 30, 2015, the advances paid against this line of credit
amounted to $6,499,910 and accrued interest amounts to $671,417 for a total of
$7,171,327. Accrued interest is offset by deferred revenue.
6. On December 1, 2001, the Agency entered into a residual receipts promissory note
loan agreement in the form of a line of credit not -to- exceed $4,000,000 with
Malvern Housing Partners, L.P. and Southern California Housing Development
Corporation for the acquisition, construction and operation of a 49 -unit senior
multifamily apartment project, known as Heritage Pointe Senior Apartments. A
portion of the necessary funding was provided from proceeds of a $4,000,000 bond
issue by Southern California Housing Development Corporation. Funding provided
by the Agency was in the form of semi - annual principal payments toward these
bonds from the Agency's low and moderate income housing fund. As advances were
made by the Agency, beginning April 1, 2003, these amounts were added to and
became the principal balance of this Residual Receipts Note, and are accruing
simple interest at 1% per annum from the date of payment through
December 2056. Annual payments of principal and accrued interest shall not
commence until the operation of the project has generated residual receipts. On
December 5, 2007, the residual receipts promissory note was amended and restated
in connection with the refunding of the Southern California Housing Development
Corporation's bond with the proceed of the Agency Housing Set -Aside Tax Allocation
Bonds, Series 2007A and Series 2007B. All residual receipts in excess of
fifteen percent of the gross operating income of the project shall be paid to the
Agency annually. All principal and accrued interest at the simple interest rate of
1% per annum shall be due and payable in April 2056. Upon dissolution of the
Agency, the loan receivable was transferred to the Housing Successor Agency of the
City. As of June 30, 2015, the advances paid against this line of credit amounted to
$1,901,300 and accrued interest amounts to $93,587, for a total of $1,994,887.
Accrued interest is offset by deferred revenue.
7. On September 1, 2008, the Agency entered into a residual receipts promissory note
loan agreement in the form of a line of credit not -to- exceed $27,565,000 with Rancho
Workforce Housing, L.P. for the acquisition, construction and development of a
166 -unit rental housing development, including 131 residential units for low and
moderate income residents. This loan bears simple interest of 2.386% compounded
annually from the date of disbursement, with a term commencing on the date of this
agreement and continuing for fifty -five (55) years from the date of the recordation of
the Certificate of Completion. Commencing after Borrower's fiscal year first ending
58
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 4: Notes and Loans Receivables (Continued)
after the completion of construction of the development, Borrower shall make
repayments to the Agency equal to 50% of the Residual Receipts. Upon dissolution
of the Agency, the loan receivable was transferred to the Housing Successor Agency
of the City. As of June 30, 2015, the advances paid against this line of credit
amounted to $25,868,857, and accrued interest amounts to $3,744,976, for a total of
$29,613,833.
8. On September 26, 1994, the Agency entered into a Disposition and Development
Agreement (DDA) and loan agreement (as modified on March 22, 1996) for
$5,929,181 with North Town Housing Partners for the acquisition of the 88 -unit
multifamily rental Villa Del Norte housing project for low and moderate income
households. Payments of principal and interest on the loan are due and payable only
to the extent that net annual cash flow from the development is available. Upon
dissolution of the Agency, the loan receivable was transferred to the Housing
Successor Agency of the City. On October 9, 2014, the Loan was modified as a
result of a refinancing of the project in order to provide funding for significant
rehabilitation improvements to the development. As a result of the refinancing, the
term of the Loan and the affordability covenant for the affordable units was extended
by 55 years beginning September 1, 2014. The term of the Loan will now terminate
on September 1, 2069. The note carries the same interest rate of 3% and the
original principal amount of $5,929,181 remains the same. As of June 30, 2015, the
outstanding balance amounts to $9,621,681, including accrued interest of
$3,692,499. Accrued interest is offset by deferred revenue.
9. On June 6, 2001, the Agency entered into a loan agreement (as updated on
December 1, 2002) for $4,700,000 with Northtown Housing Development Corp. for
the development of the Olen Jones Senior Apartments. The term of the loan is
55 years, with zero interest accruing for the first 15 years, then accruing simple
interest at 3% per annum for the remainder of the term. Payments of principal and
interest on the loan are due and payable only to the extent that net annual cash flow
from the development is available. Upon dissolution of the Agency, the loan
receivable was transferred to the Housing Successor Agency of the City. As of
June 30, 2015, the outstanding balance amounts to $4,303,415 with no interest due.
10. On July 11, 2014 the Agency entered into a promissory note for $42,913 with
7418 Archibald LLC. There is zero interest on the loan and payment of the loan is not
due until the property is sold. As of June 30, 2015, the outstanding balance amounts
to $42,913 with no interest due.
11. First -time homebuyer loans represents the loans made under the First Time
Homebuyer's Program. The payment of the loan is not due until the property is sold.
As of June 30, 2015, the outstanding balance amounts to $3,800,198 with no interest
due.
Total loans receivables for governmental activities at June 30, 2015, including
accrued interest of $16,652,482, amounted to 139,184,027.
59
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 5: Capital Assets
Governmental activities capital assets for the year ended June 30, 2015, was as follows:
* As a result of the dissolution of the former Redevelopment Agency, land in the amount of
$4,905,912 was transferred to the City after review by the Oversight Board and approval of the
California Department of Finance.
Depreciation expense was charged to functions /programs of the primary government as
follows:
Governmental Activities:
General government
$ 358,014
Transfers from
491,457
Public safety - fire protection
Beginning
Engineering and public works
9,622,537
Successor
Ending
Community services
Balance
Increases
Decreases
Transfers Agency
Balance
Governmental Activities:
$ 15,271,203
Capital assets, not being depreciated:
Land $
79,888,230
$
$
$ $ 4,905,912
$ 84,794,142
Right of way
231,931,613
-
231,931,613
Construction -in- progress
51,349,174
12,814,410
(1,009,426)
(11,469,088) -
51,685,070
Total Capital Assets,
Not Being Depreciated
363,169,017
12,814,410
(1,009,426)
(11,469,088) 4,905,912
368,410,825
Capital assets, being depreciated:
Building Improvements
107,681,297
-
9,726,330 -
117,407,627
Improvement other than buildings
28,295,745
-
750,232
29,045,977
Equipment and vehicles
29,063,730
1,923,848
(227,532)
-
30,760,046
Furniture and fixtures
1,705,574
7,721
(3,246)
-
1,710,049
Infrastructure
455,967,199
3,308,718
(853,159)
992,526
459,415,284
Intangible
3,276,888
-
-
3,276,888
Total Capital Assets,
Being Depreciated
625,990,433
5,240,287
(1,083,937)
11,469,088
641,615,871
Less accumulated depreciation:
Building improvements
31,869,603
3,924,397
-
35,794,000
Improvement other than buildings
9,243,266
1,253,798
10,497,064
Equipment and vehicles
24,631,323
1,517,746
(153,047)
25,996,022
Furniture and fixtures
1,602,122
25,846
(3,151)
1,624,817
Infrastructure
199,903,324
8,253,806
(152,031)
208,005,099
Intangible
1,286,717
295,610
1,582,327
Total Accumulated
Depreciation
268,536,355
15,271,203
(308,229)
-
283,499,329
Total Capital Assets,
Being Depreciated, Net
357,454,078
(10,030,916)
(775,708)
11,469,088
358,116,542
Governmental Activities
Capital Assets, Net $
720,623,095
$ 2,783,494
_L L785,134
$ - $ 4,905,912
$ 726,527,367
* As a result of the dissolution of the former Redevelopment Agency, land in the amount of
$4,905,912 was transferred to the City after review by the Oversight Board and approval of the
California Department of Finance.
Depreciation expense was charged to functions /programs of the primary government as
follows:
Governmental Activities:
General government
$ 358,014
Public safety - police
491,457
Public safety - fire protection
686,039
Engineering and public works
9,622,537
Community development
73,696
Community services
2,960,795
Equipment and Vehicle Replacement Fund
502,648
Computer Equip./Technology Replacement Fund
576,017
Total Governmental Activities
$ 15,271,203
.1
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 5: Capital Assets (Continued)
Business -type activities capital assets for the year ended June 30, 2015, was as follows:
Business -Type Activities:
Capital assets, not being depreciated:
Land
Construction -in- progress
Total Capital Assets,
Not Being Depreciated
Capital assets, being depreciated:
Building improvements
Improvement other than buildings
Equipment and vehicles
Furniture and fixtures
Infrastructure
Intangible
Total Capital Assets,
Being Depreciated
Less accumulated depreciation:
Building improvements
Improvement other than buildings
Equipment and vehicles
Furniture and fixtures
Infrastructure
Intangible
Total Accumulated
Depreciation
Total Capital Assets,
Being Depreciated, Net
Business -Type Activities
Capital Assets, Net
Beginning Ending
Balance Increases Decreases Transfers Balance
$ 5,451,015 $ - $ - $ - $ 5,451,015
390,637 1,537,050 (99,745) 1,827,942
5,841,652 1,537,050 (99,745) 7,278,957
17,225,973 -
17,225,973
3,797,415 -
- 3,797,415
487,945 23,918
- 511,863
117,289 -
- 117,289
16,871,496 14,384
- 99,745 16,985,625
25,858 -
- 25,858
38,525,976 38,302 - 99,745 38,664,023
9,044,134
432,322 -
- 9,476,456
3,797,415
- -
- 3,797,415
370,704
3,865 -
- 374,569
60,185
43,378 -
- 103,563
5,614,933
681,131 -
- 6,296,064
22,791
2,585 -
- 25,376
18,910,162
1,163,281
- 20,073,443
19,615,814 (1,124,979) 99,745 18,590,580
$ 25,457,466 $ 412,071 $ - $ - $ 25,869,537
Depreciation expense was charged to functions /programs of the primary government as
follows:
Business -Type Activities:
Sports Complex
Municipal Utility
Total Business -Type Activities
61
$ 432,321
730,960
$ 1,163,281
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 6: Interfund Receivable, Payable and Transfers
The composition of interfund balances as of June 30, 2015 was as follows:
Due To /From Other Funds
Due to /from other funds were the results of routine interfund transactions not cleared prior to
the end of the fiscal year and were also made to cover negative cash balances at
June 30, 2015.
Advances To /From Other Funds
Advances from Other Funds
Nonmajor
Fire Governmental
Funds District Funds Total
Advances to Other Funds:
General $ 3,522,987 $ 300,000 $ 3,822,987
On June 21, 2012, the General Fund advanced $4,556,198 to the Fire District to provide
funding for the prepayment of the Fire District's side fund liability with CalPERS. The advance
bears interest at 4.5% and is payable in monthly installments of $66,664. The final payment
will occur in June 2020. At June 30, 2015, the outstanding balance amounted to $3,522,987.
The $300,000 advance from the General Fund to the Park Development Fund was done on
March 5, 1996, based upon Council approval. The advance was to provide funding for
Phase I of the Northeast Community Park and is to be repaid in the future (no specific date).
Interfund Transfers
General
Funds Fund
Transfers in:
General Fund
Sport Complex
Internal Service Funds
Nonmajor Funds
Total
Transfers Out:
Nonmajor
Municipal Governmental
Utility Funds Total
$ - $ 1,185,360 $ - $ 1,185,360
1,386,340 - 1,386,340
846,671 846,671
443,394 431,390 874,784
$ 2,676,405 $ 1,185,360 $ 431,390 $ 4,293,155
62
Due to Other Funds
Nonmajor
REGIS
General
Governmental
Connect
Funds
Fund
Funds
Fund
Total
Due From Other Funds:
General Fund
$ -
$ 1,002,476
$ 17,082
$ 1,019,558
Nonmajor Governmental Funds
1,972
3,154
-
5,126
Total
$ 1,972
$ 1,005,630
$ 17,082
$ 1,024,684
Due to /from other funds were the results of routine interfund transactions not cleared prior to
the end of the fiscal year and were also made to cover negative cash balances at
June 30, 2015.
Advances To /From Other Funds
Advances from Other Funds
Nonmajor
Fire Governmental
Funds District Funds Total
Advances to Other Funds:
General $ 3,522,987 $ 300,000 $ 3,822,987
On June 21, 2012, the General Fund advanced $4,556,198 to the Fire District to provide
funding for the prepayment of the Fire District's side fund liability with CalPERS. The advance
bears interest at 4.5% and is payable in monthly installments of $66,664. The final payment
will occur in June 2020. At June 30, 2015, the outstanding balance amounted to $3,522,987.
The $300,000 advance from the General Fund to the Park Development Fund was done on
March 5, 1996, based upon Council approval. The advance was to provide funding for
Phase I of the Northeast Community Park and is to be repaid in the future (no specific date).
Interfund Transfers
General
Funds Fund
Transfers in:
General Fund
Sport Complex
Internal Service Funds
Nonmajor Funds
Total
Transfers Out:
Nonmajor
Municipal Governmental
Utility Funds Total
$ - $ 1,185,360 $ - $ 1,185,360
1,386,340 - 1,386,340
846,671 846,671
443,394 431,390 874,784
$ 2,676,405 $ 1,185,360 $ 431,390 $ 4,293,155
62
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 6: Interfund Receivable, Payable and Transfers (Continued)
The General Fund transferred $1,386,340, $846,671 and $443,394 to the Sports Complex
Fund, Internal Service Funds and Nonmajor Funds, respectively, to cover the budgeted
amounts.
The Municipal Utility transferred $1,185,360 to the General Fund to cover the cost of
operations.
Note 7: Long -Term Debt Obligations
a. Long -Term Debt — Governmental Activities
The following is a schedule of changes in governmental activities long -term debt for the
fiscal year ended June 30, 2015:
Capital Leases:
Dell Financial Services
Government Capital Corp.
Xerox - Internal Service
Xerox - Governmental Funds
Total Capital
Leases
Advances from
Successor Agency
Claims and judgments payable
Accrued employee benefits
Total
Balance Outstanding Due Within
July 1, 2014 Additions Repayments June 30, 2015 One Year
$ 188,338 $
- $ 67,178 $
121,160
$ 59,006
1,566,706
- 373,045
1,193,661
385,200
246,822
- 59,487
187,335
64,310
82,024
- 20,104
61,920
21,256
2,083,890 - 519,814 1,564,076 529,772
3,953,624 - - 3,953,624 -
4,179,031 920,145 1,679,370 3,419,806 1,541,748
7,458,928 4,989,511 5,124,493 7,323,946 5,090,630
$ 17,675,473 $ 5,909,656 $ 7,323,677 $ 16,261,452 $ 7,162,150
A description of individual components of long -term debt outstanding as of
June 30, 2015, is as follows:
Capital Leases Payable
On December 19, 2012, the City entered into a capital lease agreement with Dell
Financial Services to acquire a Dell Blade Server Enclosure for $313,981. The
agreement requires annual payments of $65,469 due February 11t of each year with the
final payment due February 2017. The interest rate is fixed at 2.08 %. At June 30, 2015,
the outstanding amount due was $121,160.
63
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 7: Long -Term Debt Obligations (Continued)
The calculation of the present value of the future lease payments is as follows:
Year Ending June 30
2016 $ 65,469
2017 65,469
Subtotal 130,938
Less: Amount representing interest (9,778)
Total $ 121,160
On December 27, 2012, the City entered into a capital lease agreement with
Governmental Capital Corporation to acquire an Accela Software Technology for
$1,956,272. The agreement requires annual payments of $424,092 due July 10t' of each
year with the final payment due July 2017. The interest rate is fixed at 3.22 %. At
June 30, 2015, the outstanding amount due was $1,193,661.
The calculation of the present value of the future lease payments is as follows:
Year Ending June 30
2016 $ 424,092
2017 424,092
2018 424,092
Subtotal 1,272,276
Less: Amount representing interest (78,615)
Total $ 1,193,661
On December 20, 2012, the City entered into a capital lease agreement with Xerox to
acquire multiple Xerox copiers and printers for $426,084. The agreement requires
monthly payments of $7,656 starting in May 2013, with the final payment due in
April 2018. The interest rate is fixed at 3.00 %. At June 30, 2015, the outstanding amount
due was $249,255.
The calculation of the present value of the future lease payments is as follows:
Year Ending June 30
2016
2017
2018
Subtotal
Less: Amount representing interest
Total
64
$ 91,872
91,872
76,562
260,306
(11,051)
$ 249,255
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 7: Long -Term Debt Obligations (Continued)
Advances from the Successor Agency
During the formation of Community Facilities District CFD 2000 -01 (District), a number of
meetings were held with property owners within the proposed boundaries to discuss
participation in the District and benefits to their property. As a result of those meetings,
the approved boundary map was modified at the landowners' request to exclude certain
properties from the District boundaries. Property owners that were excluded from the
District boundaries, but will be receiving direct benefit from the improvements constructed
by CFD 2001 -01, were advised that reimbursement would be required when their
properties are developed. The Redevelopment Agency advanced the pro -rata share for
properties that will receive benefit from the improvements, but are not participating in the
District. At June 30, 2015, the advance was $3,953,624.
Claims and Judgments Payable
The City's liability regarding self insurance is described in Note 12 of the Notes to
Financial Statements. The liability will be paid as it becomes due by the General Fund
and the Fire District Fund.
Accrued Employee Benefits
The City's policies relating to compensated absences are described in Note 1 of the
Notes to Financial Statements. The liability will be paid in future years by the General
Fund and the Fire District Fund as it becomes due.
Note 8: Other Special Obligations
The following issues of Residential Mortgage Revenue Bonds, Special Assessment District
Bonds, and Community Facility District Bonds are not reflected in the Statement of Net
Position 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 State of California or any
political subdivision thereof, is pledged for the payment of these bonds.
65
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 8: Other Special Obligations (Continued)
The outstanding amounts at June 30, 2015 were as follows:
Subsequent to June 30, 2015, the Community Facilities District Nos. 2000 -01, 2000 -02,
2001 -01 A, 2001 -01 B, 2006 -01 and 2006 -02 were refinanced.
IV. OTHER INFORMATION
Note 9: Pension Plan Obligations
a. City Miscellaneous Plan
1. General Information about the Pension Plan
Plan Description
The City of Rancho Cucamonga contributes to the California Public Employees
Retirement System (PERS), an agent multiple - employer public employee defined
benefit pension plan. PERS provides retirement and disability benefits, annual
cost -of- living adjustments and death benefits to plan members and beneficiaries.
PERS acts as a common investment and administrative agent for participating public
entities within the State of California. Benefit provisions and all other requirements
are established by state statute and City ordinance. Copies of PERS' annual financial
report may be obtained from its executive office: 400 P Street, Sacramento,
California 95814.
Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living
adjustments and death benefits to plan members, who must be public employees and
beneficiaries. Benefits are based on years of credited service, equal to one year of
full time employment. Members with five years of total service are eligible to retire at
..
Outstanding
Amount at
June 30, 2015
City of Rancho Cucamonga:
Community Facilities District No. 2000 -01
$ 516,000
Community Facilities District No. 2000 -02
4,566,000
Community Facilities District No. 2000 -03
7,276,000
Community Facilities District No. 2001 -01 Series A
8,072,000
Community Facilities District No. 2001 -01 Series B
741,000
Community Facilities District No. 2003 -01 Series A
13,960,000
Community Facilities District No. 2003 -01 Series B
2,722,000
Community Facilities District No. 2004 -01
33,606,000
Community Facilities District No. 2006 -01
5,025,000
Community Facilities District No. 2006 -02
2,565,000
Rancho Cucamonga Redevelopment Agency:
Multi - Family Housing Revenue Bond:
Series 1997A
2,385,432
Total
$ 81,434,432
Subsequent to June 30, 2015, the Community Facilities District Nos. 2000 -01, 2000 -02,
2001 -01 A, 2001 -01 B, 2006 -01 and 2006 -02 were refinanced.
IV. OTHER INFORMATION
Note 9: Pension Plan Obligations
a. City Miscellaneous Plan
1. General Information about the Pension Plan
Plan Description
The City of Rancho Cucamonga contributes to the California Public Employees
Retirement System (PERS), an agent multiple - employer public employee defined
benefit pension plan. PERS provides retirement and disability benefits, annual
cost -of- living adjustments and death benefits to plan members and beneficiaries.
PERS acts as a common investment and administrative agent for participating public
entities within the State of California. Benefit provisions and all other requirements
are established by state statute and City ordinance. Copies of PERS' annual financial
report may be obtained from its executive office: 400 P Street, Sacramento,
California 95814.
Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living
adjustments and death benefits to plan members, who must be public employees and
beneficiaries. Benefits are based on years of credited service, equal to one year of
full time employment. Members with five years of total service are eligible to retire at
..
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
age 50 with statutorily reduced benefits. All members are eligible for non -duty
disability benefits after 10 years of service. The death benefit is one of the following:
the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement
2W Death Benefit. The cost of living adjustments for each plan are applied as
specified by the Public Employees' Retirement Law.
Miscellaneous
Tier 1 , Tier 2* Tier 3 PEPRA
* Plan is closed to new entrants
Employees Covered
January 1, 2013
and after
2.0% @ 62
5 years service
monthly for life
minimum 52 yrs
1.000% - 2.500 %,
52 yrs - 67+ yrs,
respectively
6.500%
13.465%
As of the valuation date of June 30, 2013, the following employees were covered by
the benefit terms of the Plan:
Description
Active members
Transferred members
Terminated members
Retired members and beneficiaries
Total
Contribution Description
Number of Members
468
160
211
195
1,034
Section 20814(c) of the California Public Employees' Retirement Law (PERL)
requires that the employer contribution rates for all public employers be determined
on an annual basis by the actuary and shall be effective on the July 1 following notice
of a change in the rate. The total plan contributions are determined through the
CalPERS' annual actuarial valuation process. The actuarially determined rate is
based on the estimated amount necessary to pay the Plan's allocated share of the
risk pool's costs of benefits earned by employees during the year, and any unfunded
accrued liability. The employer is required to contribute the difference between the
actuarially determined rate and the contribution rate of employees.
67
Prior to
September 1, 2010
July 4, 2011
Hire date
September 1, 2010
but prior to
and after
July 3, 2011
Benefit formula
2.5% @ 55
2.5% @ 55
2.0% @ 55
Benefit vesting schedule
5 years service
5 years service
5 years service
Benefit payments
monthly for life
monthly for life
monthly for life
Retirement age
minimum 50 yrs
minimum 50 yrs
minimum 50 yrs
Monthly benefits, as a % of
2.000% - 2.500 %,
2.000% - 2.500 %,
1.426% - 2.418 %,
eligible compensation
50 yrs - 55+ yrs,
50 yrs - 55+ yrs,
50 yrs - 63+ yrs,
respectively
respectively
respectively
Required employee
8.000%
8.000 /0 0
7.000 /o 0
contribution rates
Required employer
13.465%
13.465%
13.465%
contribution rates
* Plan is closed to new entrants
Employees Covered
January 1, 2013
and after
2.0% @ 62
5 years service
monthly for life
minimum 52 yrs
1.000% - 2.500 %,
52 yrs - 67+ yrs,
respectively
6.500%
13.465%
As of the valuation date of June 30, 2013, the following employees were covered by
the benefit terms of the Plan:
Description
Active members
Transferred members
Terminated members
Retired members and beneficiaries
Total
Contribution Description
Number of Members
468
160
211
195
1,034
Section 20814(c) of the California Public Employees' Retirement Law (PERL)
requires that the employer contribution rates for all public employers be determined
on an annual basis by the actuary and shall be effective on the July 1 following notice
of a change in the rate. The total plan contributions are determined through the
CalPERS' annual actuarial valuation process. The actuarially determined rate is
based on the estimated amount necessary to pay the Plan's allocated share of the
risk pool's costs of benefits earned by employees during the year, and any unfunded
accrued liability. The employer is required to contribute the difference between the
actuarially determined rate and the contribution rate of employees.
67
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
For the year ended June 30, 2015, the employer contributions recognized as a
reduction to the net position liability for all the Plan was $3,520,721.
2. Net Pension Liability
The City's net pension liability is measured as the total pension liability, less the
pension plan's fiduciary net position. The net pension liability of each of the Plans is
measured as of June 30, 2014, using an annual actuarial valuation as of June 30,
2013 rolled forward to June 30, 2014 using standard update procedures. A summary
of principal assumptions and methods used to determine the net pension liability is
shown below.
Actuarial Methods and Assumptions Used to Determine Total Pension Liability
For the measurement period ended June 30, 2014 (the measurement date), the total
pension liability was determined by rolling forward the June 30, 2013 total pension
liability. The June 30, 2013 and the June 30, 2014 total pension liabilities were based
on the following actuarial methods and assumptions:
Actuarial Cost Method
Actuarial Assumptions
Discount Rate
Inflation
Salary Increases
Investment Rate of Return
Mortality Rate Table (1)
Post Retirement Benefit
Increase
Entry Age Normal in accordance with the
requirements of GASB Statement No. 68
7.50%
2.75%
Varies by Entry Age and Service
7.50% Net of Pension Plan Investment and
Administrative Expenses; includes Inflation
Derived using CaIPERS' Membership Data for
all Funds
Contract COLA up to 2.75% until Purchasing
Power Protection Allowance Floor on
Purchasing Power applies, 2.75% thereafter
(1) The mortality table used was developed based on CaIPERS' specific data. The table
includes 20 years of mortality improvements using Society of Actuaries Scale BB. For more
details on this table, please refer to the 2014 experience study report.
All other actuarial assumptions used in the June 30, 2013 valuation were based on
the results of an actuarial experience study for the period from 1997 to 2011,
including updates to salary increase, mortality and retirement rates. The Experience
Study report can be obtained at CalPERS' website under Forms and Publications.
Discount Rate
The discount rate used to measure the total pension liability was 7.50 percent. To
determine whether the municipal bond rate should be used in the calculation of a
discount rate for each plan, CalPERS stress tested plans that would most likely result
in a discount rate that would be different from the actuarially assumed discount rate.
.:
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Based on the testing, none of the tested plans run out of assets. Therefore, the
current 7.50 percent discount rate is adequate and the use of the municipal bond rate
calculation is not necessary. The long -term expected discount rate of 7.50 percent is
applied to all plans in the Public Employees Retirement Fund. The stress test results
are presented in a detailed report called "GASB Crossover Testing Report" that can
be obtained at CalPERS' website under the GASB 68 section.
According to Paragraph 30 of Statement 68, the long -term discount rate should be
determined without reduction for pension plan administrative expense. The
7.50 percent investment return assumption used in this accounting valuation is net of
administrative expenses. Administrative expenses are assumed to be 15 basis
points. An investment return excluding administrative expenses would have been
7.65 percent. Using this lower discount rate has resulted in a slightly higher total
pension liability and net pension liability. CalPERS determined this difference was
deemed immaterial to the Agent Multiple - Employer Defined Benefit Pension Plan.
More information can be found on the CalPERS website.
CalPERS is scheduled to review all actuarial assumptions as part of its regular Asset
Liability Management review cycle that is scheduled to be completed in February
2018. Any changes to the discount rate will require Board action and proper
stakeholder outreach. For these reasons, CalPERS expects to continue using a
discount rate net of administrative expenses for GASB 67 and 68 calculations
through at least the 2017 -18 fiscal year. CalPERS will continue to check the
materiality of the difference in calculation until such time as they have changed their
methodology.
The long -term expected rate of return on pension plan investments was determined
using a building -block method in which best - estimate ranges of expected future real
rates of return (expected returns, net of pension plan investment expense and
inflation) are developed for each major asset class.
In determining the long -term expected rate of return, CalPERS took into account both
short -term and long -term market return expectations as well as the expected pension
fund cash flows. Such cash flows were developed assuming that both members and
employers will make their required contributions on time and as scheduled in all
future years. Using historical returns of all the funds' asset classes, expected
compound (geometric) returns were calculated over the short -term (first 10 years)
and the long -term (11 -60 years) using a building -block approach. Using the expected
nominal returns for both short -term and long -term, the present value of benefits was
calculated for each fund. The expected rate of return was set by calculating the single
equivalent expected return that arrived at the same present value of benefits for cash
flows as the one calculated using both short -term and long -term returns. The
expected rate of return was then set equivalent to the single equivalent rate
calculated above and rounded down to the nearest one quarter of one percent.
The table below reflects long -term expected real rate of return by asset class. The
rate of return was calculated using the capital market assumptions applied to
determine the discount rate and asset allocation. These geometric rates of return are
net of administrative expenses.
.•
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
New Strategic
Asset Class
Allocation
Global Equity
47.0%
Global Fixed Income
19.0
Inflation Sensitive
6.0
Private Equity
12.0
Real Estate
11.0
Infrastructure and Forestland
3.0
Liquidity
2.0
(1) An expected inflation of 2.5% used for this period
(2) An expected inflation of 3.0% used for this period
3. Changes in the Net Pension Liability
Real Return
Real Return
Years 1 - 10 (1)
Years 11+ (2)
5.25%
5.71%
0.99
2.43
0.45
3.36
6.83
6.95
4.50
5.13
4.50
5.09
(0.55)
(1.05)
The following table shows the changes in net pension liability recognized over the
measurement period.
Balance at: 6/30/2013 (Valuation Date) (1)
Changes Recognized for the Measurement Period:
Service Cost
Interest on the Total Pension Liability
Changes of Benefit Terms
Difference between Expected and Actual Experience
Changes of Assumptions
Contributions from the Employer
Contributions from Employees
Net Investment Income (2)
Benefit Payments including Refunds of Employee
Contributions
Net Changes During 2013 -14
Balance at: 6/30/2014 (Measurement Date) (1)
Increase (Decrease)
Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability /(Assets)
(a) (b) (c)= (a) -(b)
$ 165,224,012 $ 124,692,088 $ 40,531,924
4,661,973
-
4,661,973
12,370,506
-
12,370,506
-
3,520,721
(3,520,721)
-
2,156,312
(2,156,312)
-
21,772,350
(21,772,350)
(5,229,846)
(5,229,846)
-
11,802,633
22,219,537
(10,416,904)
$ 177,026,645
$ 146,911,625 $
30,115,020
(1) The fiduciary net position includes receivables for employee service buybacks, deficiency
reserves, fiduciary self- insurance and OPEB expense. This may differ from the plan
assets reported in the funding actuarial valuation report
(2) Net of administrative expenses.
Sensitivity of the Net Pension Liability to Changes in the Discount Rate
The following presents the net pension liability of the Plan as of the measurement
date, calculated using the discount rate of 7.50 percent, as well as what the net
pension liability would be if it were calculated using a discount rate that is
1 percentage -point lower (6.50 percent) or 1 percentage -point higher (8.50 percent)
than the current rate:
70
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Plan's Net Pension
Liability /(Assets)
Discount Rate - 1 % Current Discount Rate Discount Rate +1 %
(6.50°/x) (7.5 %) (8.5 %)
55,174,746 $ 30,115,020 $ 9,443,661
Pension Plan Fiduciary Net Position
The plan fiduciary net position disclosed in the GASB 68 accounting valuation report
may differ from the plan assets reported in the funding actuarial valuation report due
to several reasons. First, for the accounting valuations, CalPERS must keep items
such as deficiency reserves, fiduciary self- insurance and OPEB expense included as
assets. These amounts are excluded for rate setting purposes in the funding actuarial
valuation. In addition, differences may result from early Comprehensive Annual
Financial Report closing and final reconciled reserves.
4. Pension Expense and Deferred Outflows and Deferred Inflows of Resources
Related to Pensions
As of the start of the measurement period (July 1, 2013), the net pension liability was
$40,531,924. For the measurement period ending June 30, 2014 (the measurement
date), the City incurred a pension expense /(income) of $3,048,251 for the Plan.
Note that no adjustments have been made for contributions subsequent to the
measurement date. Adequate treatment of any contributions made after the
measurement date is the responsibility of the employer.
As of June 30, 2015, the City has deferred outflows and deferred inflows of resources
related to pensions as follows:
Deferred Outflows of Deferred Inflows of
Resources Resources
Current year contributions that occurred
after the measurement date of June 30,
2014 $ 3,377,402 $ -
Net Difference between Projected and
Actual Earnings on Pension Plan
Investments
Total
- 9,944,433
$ 3,377,402 $ 9,944,433
$3,377,402 reported as deferred outflows of resources related to contributions
subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended June 30, 2016. Other amounts reported as
deferred outflows or deferred inflows of resources related to pensions will be
recognized as pension expense as follows:
71
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Measurement
Deferred
Period ended
Outflows /(Inflows) of
June 30:
Resources
2015
$ (2,486,108)
2016
(2,486,108)
2017
(2,486,108)
2018
(2,486,109)
b. Fire District Miscellaneous and Safety Plans
1. General Information about the Pension Plan
Plan Descriptions
All qualified permanent and probationary Fire District's employees are eligible to
participate in the District's Safety Employee Pension Plan or Miscellaneous
Employee Pension Plan, both cost - sharing multiple employer defined benefit pension
plans administered by the California Public Employees' Retirement System
(CalPERS). Benefit provisions under the Plans are established by State statute and
Local Government resolution. CalPERS issues publicly available reports that include
a full description of the pension plans regarding benefit provisions, assumptions and
membership information that can be found on the CalPERS website.
Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living
adjustments and death benefits to plan members, who must be public employees and
beneficiaries. Benefits are based on years of credited service, equal to one year of
full time employment. Members with five years of total service are eligible to retire at
age 50 with statutorily reduced benefits. All members are eligible for non -duty
disability benefits after 10 years of service. The death benefit is one of the following:
the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement
2W Death Benefit. The cost of living adjustments for each plan are applied as
specified by the Public Employees' Retirement Law.
72
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Miscellaneous cost - sharing plans
Safety cost - sharing plans
Tier 1 *
Tier 2 *
PEPRA
Prior to
July 9, 2011
January 1, 2013
Hire date
July 9, 2011
but prior to
and after
January 1, 2013
Benefit formula
2.5% @ 55
2% @ 55
2% @ 62
Benefit vesting schedule
5 years service
5 years service
5 years service
Benefit payments
monthly for life
monthly for life
monthly for life
Retirement age
minimum 50 yrs
minimum 50 yrs
minimum 52 yrs
Monthly benefits, as a % of
2.000% - 2.500 %,
1.426% - 2.418 %,
1.000% - 2.500 %,
eligible compensation
50 yrs - 55+ yrs,
50 yrs - 63+ yrs,
52 yrs - 67+ yrs,
respectively
respectively
respectively
Required employee
8.000%
7.000%
6.250%
contribution rates
.500
Required employer
15.701%
11.032%
6.250 /o °
contribution rates
Safety cost - sharing plans
Contribution Description
Section 20814(c) of the California Public Employees' Retirement Law (PERL)
requires that the employer contribution rates for all public employers be determined
on an annual basis by the actuary and shall be effective on the July 1 following notice
of a change in the rate. The total plan contributions are determined through the
CalPERS' annual actuarial valuation process. The actuarially determined rate is
based on the estimated amount necessary to pay the Plan's allocated share of the
risk pool's costs of benefits earned by employees during the year, and any unfunded
accrued liability. The employer is required to contribute the difference between the
actuarially determined rate and the contribution rate of employees.
73
Tier 1 *
Tier 2 *
PEPRA
Prior to
July 9, 2011
January 1, 2013
Hire date
July 9, 2011
but prior to
and after
January 1, 2013
Benefit formula
3.0% @ 50
3.0% @ 55
2.7% @ 57
Benefit vesting schedule
5 years service
5 years service
5 years service
Benefit payments
monthly for life
monthly for life
monthly for life
Retirement age
minimum 50 yrs
minimum 50 yrs
minimum 50 yrs
Monthly benefits, as a % of
2.400% - 3.000 %,
2.000% - 2.700 %,
eligible compensation
o
3.000%, 50+ yrs
50 yrs - 55+ yrs,
50 yrs - 57+ yrs,
respectively
respectively
Required employee
9.000%
9.000 /0 0
11.500%
/o
contribution rates
.500
Required employer
27.849%
21.367%
11.500%
contribution rates
* Plan is closed to new entrants
Contribution Description
Section 20814(c) of the California Public Employees' Retirement Law (PERL)
requires that the employer contribution rates for all public employers be determined
on an annual basis by the actuary and shall be effective on the July 1 following notice
of a change in the rate. The total plan contributions are determined through the
CalPERS' annual actuarial valuation process. The actuarially determined rate is
based on the estimated amount necessary to pay the Plan's allocated share of the
risk pool's costs of benefits earned by employees during the year, and any unfunded
accrued liability. The employer is required to contribute the difference between the
actuarially determined rate and the contribution rate of employees.
73
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
For the year ended June 30, 2015, the employer contributions recognized as a
reduction to the net position liability for all cost - sharing plans were $2,766,063.
Pension Liabilities, Pension Expense and Deferred Outflows and Deferred
Inflows of Resources Related to Pensions
As of June 30, 2015, the Fire District reported net pension liabilities for its
proportionate shares of the net pension liability of each Plan as follows:
Miscellaneous Tier 1
Miscellaneous Tier 2
Miscellaneous PEPRA
Safety Tier 1
Safety Tier 2
Safety PEPRA
Total Net Pension Liability
Proportionate Share of
Net Pension Liability
$ 1,341,679
6,509
6
19,354,250
16,928
2,688
$ 20,722,060
The Fire District's net pension liability for each Plan is measured as the proportionate
share of the net pension liability. The net pension liability of each of the Plans is
measured as of June 30, 2014, and the total pension liability for each Plan used to
calculate the net pension liability was determined by an actuarial valuation as of June
30, 2013, rolled forward to June 30, 2014, using standard update procedures. The
Fire District's proportion of the net pension liability was based on a projection of the
Fire District's long -term share of contributions to the pension plans relative to the
projected contributions of all participating employers, actuarially determined. The Fire
District's proportionate share of the net pension liability for each Plan as of June 30,
2013 and 2014, was as follows:
Miscellaneous Cost - Sharing Plans
Safety Cost - Sharing Plans
Tier 1 Tier 2 PEPRA
Proportion - June 30, 2013 0.53567% 0.00047% 0.00007%
Proportion - June 30, 2014 0.51598% 0.00045% 0.00007%
Change - Increase (Decrease) - 0.01969% - 0.00002% 0.00000%
For the year ended June 30, 2015, the Fire District recognized pension expense of
$2,507,288. At June 30, 2015, the Fire District reported deferred outflows of
resources and deferred inflows of resources related to pensions from the following
sources:
74
Tier 1
Tier 2
PEPRA
Proportion - June 30, 2013
0.05595%
0.00027%
0.00000%
Proportion - June 30, 2014
0.05429%
0.00026%
0.00000%
Change - Increase (Decrease)
- 0.00166%
-0.00001%
0.00000%
Safety Cost - Sharing Plans
Tier 1 Tier 2 PEPRA
Proportion - June 30, 2013 0.53567% 0.00047% 0.00007%
Proportion - June 30, 2014 0.51598% 0.00045% 0.00007%
Change - Increase (Decrease) - 0.01969% - 0.00002% 0.00000%
For the year ended June 30, 2015, the Fire District recognized pension expense of
$2,507,288. At June 30, 2015, the Fire District reported deferred outflows of
resources and deferred inflows of resources related to pensions from the following
sources:
74
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Deferred Outflows Deferred Inflows
of Resources of Resources
Net Difference between Projected and
Actual Earnings on Pension Plan
Investments $ -
Adjustment due to Difference in
Proportions -
Differences between the employer's
contributions and the employer's
proportionate share of contributions 184,333
Fire District contributions subsequent to
the measurement date 3,038,200
Total $ 3,222,533
$ 6,302,665
397,157
$ 6,699,822
$3,038,200 reported as deferred outflows of resources related to contributions
subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended June 30, 2016. Other amounts reported as
deferred outflows or deferred inflows of resources related to pensions will be
recognized as pension expense as follows:
Measurement
Deferred
Period ended
Outflows /(Inflows)
June 30:
of Resources
2015
$ (1,678,289)
2016
(1,678,289)
2017
(1,649,920)
2018
(1,536,444)
2019
27,453
Actuarial Methods and Assumptions Used to Determine Total Pension Liability
For the measurement period ended June 30, 2014 (the measurement date), the total
pension liability was determined by rolling forward the June 30, 2013 total pension
liability. The June 30, 2013 and the June 30, 2014 total pension liabilities were based
on the following actuarial methods and assumptions:
75
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Actuarial Cost Method
Actuarial Assumptions
Discount Rate
Inflation
Salary Increases
Investment Rate of Return
Mortality Rate Table (1)
Post Retirement Benefit
Increase
Entry Age Normal in accordance with the
requirements of GASB Statement No. 68
7.50%
2.75%
Varies by Entry Age and Service
7.50% Net of Pension Plan Investment and
Administrative Expenses; includes Inflation
Derived using CalPERS' Membership Data
for all Funds
Contract COLA up to 2.75% until
Purchasing Power Protection Allowance
Floor on Purchasing Power applies, 2.75%
thereafter
(1) The mortality table used was developed based on CalPERS' specific data. The
table includes 20 years of mortality improvements using Society of Actuaries Scale
BB. For more details on this table, please refer to the 2014 experience study report.
All other actuarial assumptions used in the June 30, 2013 valuation were based on
the results of an actuarial experience study for the period from 1997 to 2011,
including updates to salary increase, mortality and retirement rates. The Experience
Study report can be obtained at CalPERS' website under Forms and Publications.
Discount Rate
The discount rate used to measure the total pension liability was 7.50 percent. To
determine whether the municipal bond rate should be used in the calculation of a
discount rate for each plan, CalPERS stress tested plans that would most likely result
in a discount rate that would be different from the actuarially assumed discount rate.
Based on the testing, none of the tested plans run out of assets. Therefore, the
current 7.50 percent discount rate is adequate and the use of the municipal bond rate
calculation is not necessary. The long term expected discount rate of 7.50 percent is
applied to all plans in the Public Employees Retirement Fund. The stress test results
are presented in a detailed report called "GASB Crossover Testing Report" that can
be obtained at CalPERS' website under the GASB 68 section.
According to Paragraph 30 of Statement 68, the long -term discount rate should be
determined without reduction for pension plan administrative expense. The
7.50 percent investment return assumption used in this accounting valuation is net of
administrative expenses. Administrative expenses are assumed to be 15 basis
points. An investment return excluding administrative expenses would have been
7.65 percent. Using this lower discount rate has resulted in a slightly higher total
pension liability and net pension liability. CalPERS determined this difference was
deemed immaterial to the Cost - Sharing Multiple - Employer Defined Benefit Pension
Plan. More information can be found on the CalPERS website.
76
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
CaIPERS is scheduled to review all actuarial assumptions as part of its regular Asset
Liability Management review cycle that is scheduled to be completed in
February 2018. Any changes to the discount rate will require Board action and proper
stakeholder outreach. For these reasons, CaIPERS expects to continue using a
discount rate net of administrative expenses for GASB 67 and 68 calculations
through at least the 2017 -18 fiscal year. CalPERS will continue to check the
materiality of the difference in calculation until such time as they have changed their
methodology.
The long -term expected rate of return on pension plan investments was determined
using a building -block method in which best - estimate ranges of expected future real
rates of return (expected returns, net of pension plan investment expense and
inflation) are developed for each major asset class.
In determining the long -term expected rate of return, CalPERS took into account both
short -term and long -term market return expectations as well as the expected pension
fund cash flows. Such cash flows were developed assuming that both members and
employers will make their required contributions on time and as scheduled in all
future years. Using historical returns of all the funds' asset classes, expected
compound (geometric) returns were calculated over the short -term (first 10 years)
and the long -term (11 -60 years) using a building -block approach. Using the expected
nominal returns for both short -term and long -term, the present value of benefits was
calculated for each fund. The expected rate of return was set by calculating the single
equivalent expected return that arrived at the same present value of benefits for cash
flows as the one calculated using both short -term and long -term returns. The
expected rate of return was then set equivalent to the single equivalent rate
calculated above and rounded down to the nearest one quarter of one percent.
The table below reflects long -term expected real rate of return by asset class. The
rate of return was calculated using the capital market assumptions applied to
determine the discount rate and asset allocation. These geometric rates of return are
net of administrative expenses.
(1) An expected inflation of 2.5% used for this period
(2) An expected inflation of 3.0% used for this period
77
New Strategic
Real Return
Real Return
Asset Class
Allocation
Years 1 - 10 (1)
Years 11+ (2)
Global Equity
47.0%
5.25%
5.71%
Global Fixed Income
19.0
0.99
2.43
Inflation Sensitive
6.0
0.45
3.36
Private Equity
12.0
6.83
6.95
Real Estate
11.0
4.50
5.13
Infrastructure and Forestland
3.0
4.50
5.09
Liquidity
2.0
(0.55)
(1.05)
(1) An expected inflation of 2.5% used for this period
(2) An expected inflation of 3.0% used for this period
77
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 9: Pension Plan Obligations (Continued)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes
in the Discount Rate
The following presents the net pension liability /(asset) of the Plan as of the
measurement date, calculated using the discount rate of 7.50 percent, as well as
what the net pension liability /(asset) would be if it were calculated using a discount
rate that is 1 percentage -point lower (6.50 percent) or 1 percentage -point higher
(8.50 percent) than the current rate:
Miscellaneous Cost - Sharing Plans
Pension Plan Fiduciary Net Position
Detailed information about each pension plan's fiduciary net position is available in
the separately issued CalPERS financial reports. See CalPERS website for
additional information.
Note 10: PARS Retirement Enhancement Plan
1. General Information About the Plan
Plan Description
The City of Rancho Cucamonga sponsors the PARS Retirement Enhancement Plan, an
agent multiple - employer defined benefit pension plan. The Plan provides pension
benefits to miscellaneous members (Tier 1) and city council members (Tier 2). Benefits
are equal to a percentage of highest pay multiplied by years of service, with the
percentage varying by retirement age based on a 3% at 60 target offset by CalPERS
2.5% at 55 formula. Sample rates are as follows:
Age
55
56
57
58
59
60+
Tier 1
0.000%
0.100
0.200
0.300
0.400
0.500
The City and the Fire District have the right to amend, modify or terminate the plan at any
time. Separate audited financial statements are not prepared.
78
Discount Rate - 1%
Current Discount
Discount Rate +1%
Plan
6.50%
7.50%
8.50%
Miscellaneous Tier 1
$ 2,390,458
$ 1,341,679
$ 471,293
Miscellaneous Tier 2
11,598
6,509
2,286
Miscellaneous PEPRA
11
6
2
Safety Tier 1
33,306,158
19,354,250
7,858,480
Safety Tier 2
29,132
16,928
6,873
Safety Tier PEPRA
4,622
2,688
1,091
TOTAL:
$ 35,741,979
$ 20,722,060
$ 8,340,025
Pension Plan Fiduciary Net Position
Detailed information about each pension plan's fiduciary net position is available in
the separately issued CalPERS financial reports. See CalPERS website for
additional information.
Note 10: PARS Retirement Enhancement Plan
1. General Information About the Plan
Plan Description
The City of Rancho Cucamonga sponsors the PARS Retirement Enhancement Plan, an
agent multiple - employer defined benefit pension plan. The Plan provides pension
benefits to miscellaneous members (Tier 1) and city council members (Tier 2). Benefits
are equal to a percentage of highest pay multiplied by years of service, with the
percentage varying by retirement age based on a 3% at 60 target offset by CalPERS
2.5% at 55 formula. Sample rates are as follows:
Age
55
56
57
58
59
60+
Tier 1
0.000%
0.100
0.200
0.300
0.400
0.500
The City and the Fire District have the right to amend, modify or terminate the plan at any
time. Separate audited financial statements are not prepared.
78
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 10: PARS Retirement Enhancement Plan (Continued)
Benefits are increased by a 2% annual cost of living adjustment after retirement. There
are no employee contributions for either tier.
Benefits Provided
PARS provides supplemental retirement benefits to eligible employees of the City.
Employees are eligible to receive benefits under the plan if they meet the following
requirements: miscellaneous employee of the City or City Council on or after December
1, 2002, at least 56 years of age, has completed 10 or more years of full -time continuous
employment at the City has terminated employment with the City and concurrently retired
under CalPERS if an active CalPERS member and has applied for benefits under the
plan. Benefits shall be in an amount equal to one - twelfth of the product of the number of
full and partial years of full -time continuous employment with the City completed as of the
Member's retirement times the Member's final pay, times the PARS benefit factor. The
total combined CalPERS age factor and PARS benefit factor at retirement may not
exceed three percent.
Hire date on or after December 1, 2012
Benefit formula one - twelfth of the product of the number of
full and partial years of full -time continuous
employment with the City completed as of
the Member's retirement times the
Benefit vesting schedule
Benefit payments
Retirement age
Monthly benefits, as a % of
eligible compensation
Required employee contribution rates
Required employer contribution rates
*This plan is closed to new entrants
Employees Covered
Member's final pay, times the PARS benefit
factor
10 years service
monthly for life
minimum 56 yrs
N/A - not based on % of eligible
compensation
0.000%
1.900%
As of the valuation date of June 30, 2014, the following employees were covered by the
benefit terms of the Plan:
Description
Active members
Retired members
Total
79
Number of Members
336
68
404
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 10: PARS Retirement Enhancement Plan (Continued)
Contribution Description
The total plan contributions are determined through the PARS' annual actuarial valuation
process. The actuarially determined rate is the estimated amount necessary to finance
the costs of benefits earned by employees during the year, with an additional amount to
finance any unfunded accrued liability. Due to the City's pre- funding of its pension liability
with PARS, the City's Plan had a net pension asset as of the June 30, 2014 actuarial
valuation which positively impacted the actuarially determined rate.
For the year ended June 30, 2015, the employer contributions recognized as an increase
to the net pension asset was $497,000.
2. Net Pension Liability
The City's net pension liability for each Plan is measured as the total pension liability,
less the pension plan's fiduciary net position. The net pension liability of each of the
Plans is measured as of June 30, 2014, using an annual actuarial valuation as of
June 30, 2014. A summary of principal assumptions and methods used to determine the
net pension liability is shown below.
Actuarial Methods and Assumptions Used to Determine Total Pension Liability
The June 30, 2014 total pension liabilities were based on the following actuarial methods
and assumptions:
Actuarial Cost Method
Actuarial Assumptions
Discount Rate
Inflation
Salary Increases
Investment Rate of Return
Mortality Rate Table
Post Retirement Benefit
Increase
Entry Age, Level Percent of Payroll
6.25%
3.00%
Aggregate - 3.25%
6.25% Net of Pension Plan Investment and
Administrative Expenses; rounded to the
nearest 0.25%
CalPERS 1997 -2011 Experience Study
Base
All other actuarial assumptions used in the June 30, 2014 valuation were based on the
results of an actuarial experience study for the period from 1997 to 2011, including
updates to salary increase, mortality and retirement rates. The Experience Study report
can be obtained at CalPERS' website under Forms and Publications.
Discount Rate
The discount rate used to measure the total pension liability was 6.25 percent. To
determine whether the municipal bond rate should be used in the calculation of a
discount rate for each plan, PARS stress tested plans that would most likely result in a
discount rate that would be different from the actuarially assumed discount rate. Based
on the testing, none of the tested plans run out of assets. Therefore, the current
0
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 10: PARS Retirement Enhancement Plan (Continued)
6.25 percent discount rate is adequate and the use of the municipal bond rate calculation
is not necessary. The long -term expected discount rate of 6.25 percent is applied to all
plans in PARS. The stress test results are presented in the Discount Rate Crossover Test
in the actuarial report.
According to Paragraph 30 of Statement 68, the long -term discount rate should be
determined without reduction for pension plan administrative expense. The 6.25 percent
investment return assumption used in this accounting valuation is net of administrative
expenses. Administrative expenses are assumed to be 30 basis points. An investment
return excluding administrative expenses would have been 6.55 percent. Using this lower
discount rate has resulted in a slightly higher total pension liability and net pension
liability. This difference was deemed immaterial to the Agent Multiple - Employer Defined
Benefit Pension Plan.
The long -term expected rate of return on pension plan investments was determined using
PARS moderate allocation at the 55% level (expected returns, net of pension plan
investment expense) are developed for each major asset class.
In determining the long -term expected rate of return, PARS took into account both
short -term and long -term market return expectations. The expected rate of return was
then set equivalent to the single equivalent rate calculated above and down to the
nearest one quarter of one percent.
The table below reflects long -term expected real rate of return by asset class. The rate of
return was calculated using the capital market assumptions applied to determine the
discount rate and asset allocation. These geometric rates of return are net of
administrative expenses.
81
New Strategic
Asset Class
Allocation
Real Return
Total Fixed
45.0%
1.55%
Cash
5.0
0.45
Global Equities
50.0
5.35
81
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 10: PARS Retirement Enhancement Plan (Continued)
3. Changes in the Net Pension Liability (Asset)
The following table shows the changes in net pension liability /(asset) recognized over the
measurement period.
Increase (Decrease)
Total Pension
Plan Fiduciary
Net Pension
Liability
Net Position
Liability /(Assets)
(a)
(b)
(c)= (a) -(b)
Balance at: 6/30/2013
$ 20,790,000
$ 24,536,000
$ (3,746,000)
Changes Recognized for the Measurement Period:
Service Cost
719,000
-
719,000
Interest on the Total Pension Liability
1,329,000
-
1,329,000
Changes of Benefit Terms
-
-
-
Difference between Expected and Actual Experience
Changes of Assumptions
Contributions from the Employer
Contributions from Employees
Net Investment Income
Benefit Payments including Refunds of Employee
Contributions
Administrative Expenses
Net Changes During 2013 -14
Balance at: 6/30/2014 (Measurement Date)
497,000 (497,000)
3,177,000 (3,177,000)
(495,000) (495,000) -
33,000 - 33,000
1,586,000 3,179,000 (1,593,000)
$ 22,376,000 $ 27,715,000 $ (5,339,000)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate
The following presents the net pension liability of the Plan as of the measurement date,
calculated using the discount rate of 6.25 percent, as well as what the net pension liability
would be if it were calculated using a discount rate that is 1 percentage -point lower
(5.25 percent) or 1 percentage -point higher (7.25 percent) than the current rate:
Discount Rate - 1 % Current Discount Discount Rate +1 %
(5.25 %) Rate (6.25 %) (7.25 %)
Plan's Net Pension $ (1,862,000) $ (5,339,000) $ (8,189,000)
Liability /(Assets)
Pension Plan Fiduciary Net Position
The plan fiduciary net position disclosed in the GASB 68 accounting valuation report may
differ from the plan assets reported in the funding actuarial valuation report due to several
reasons. First, for the accounting valuations, PARS must keep items such as deficiency
reserves, fiduciary self- insurance and OPEB expense included as assets. These
amounts are excluded for rate setting purposes in the funding actuarial valuation. In
addition, differences may result from early Comprehensive Annual Financial Report
closing and final reconciled reserves.
82
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 10: PARS Retirement Enhancement Plan (Continued)
4. Pension Expense and Deferred Outflows and Deferred Inflows of Resources
Related to Pensions
As of the start of the measurement period (July 1, 2013), the net pension asset was
$3,746,000. For the measurement period ending June 30, 2014 (the measurement date),
the City incurred a pension expense /(income) of $219,000 for the Plan.
Note that no adjustments have been made for contributions subsequent to the
measurement date. Adequate treatment of any contributions made after the
measurement date is the responsibility of the employer.
As of June 30, 2015, the City has deferred outflows and deferred inflows of resources
related to pensions as follows:
Deferred Outflows of Deferred Inflows of
Resources Resources
Current year contributions that occurred
after the measurement date of June 30,
2014 $ 447,119 $
Net Difference between Projected and
Actual Earnings on Pension Plan
Investments - 1,315,000
Total $ 447,119 $ 1,315,000
$447,119 reported as deferred outflows of resources related to contributions subsequent
to the measurement date will be recognized as a reduction of the net pension liability in
the year ended June 30, 2016. Other amounts reported as deferred outflows or deferred
inflows of resources related to pensions will be recognized as pension expense as
follows:
Deferred
Year ended
Outfowst(inflows) of
June 30:
Resources
2016
$ (329,000)
2017
(329, 000)
2018
(329, 000)
2019
(328, 000)
Note 11: Other Post - Employment Benefits
Plan Description
The City does not provide post - employment benefits; however, medical coverage is
provided to Fire District personnel and their dependents upon retirement under the
Rancho Cucamonga Fire Protection District Memorandum of Understanding. The Fire
District provides other post - employment benefits (OPEB) through the California
Employers' Retiree Benefit Trust (CERBT), an agent multiple - employer defined benefit
healthcare plan administered by the California Public Employees' Retirement System
(CaIPERS). For Tier 1 employees, the Fire District pays 100% of the medical insurance
83
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 11: Other Post - Employment Benefits (Continued)
premium for the participant and their family. For Tier 2 employees, the Fire District
contributes a predetermined monthly maximum of $97 -$101 for each eligible retiree
towards health insurance. These benefits are provided per contract between the Fire
District and the employee associations. Separate financial statements for the CERBT
may be obtained by writing to CalPERS at Lincoln Plaza North 400 Q Street,
Sacramento, California 95814 or by visiting the CaIPERS website at www.calpers.ca.gov.
Funding Policy
The contribution requirements of plan members and the Fire District are established and
may be amended by the Fire District, City Council and /or the employee associations.
Currently, contributions are not required from plan members. During fiscal year
2014 -2015, the City paid $748,659 in premiums for retiree insurance and was reimbursed
$608,659 from the CERBT. The following table shows the components of the Fire
District's annual OPEB cost for the year, the amount actually contributed to the plan, and
the change in the net OPEB obligation (asset):
Annual required contribution (ARC)
$ 386,000
Interest in net OPEB asset
(1,052,290)
Adjustment to ARC
1,573,204
Annual OPEB cost
906,914
Contributions:
Contribution made
748,659
Implicit rate subsidy benefit payments
246,000
Reimbursement of contributions made
(608,659)
Decrease /(Increase) in net OPEB asset
520,914
Net OPEB obligation / (asset) June 30, 2014
(16,189,075)
Net OPEB obligation / (asset) June 30, 2015
$ (15,668,161)
The contribution rate of 3.9% is based on the ARC of $386,000, an amount actuarially
determined in accordance with the parameters of GASB Statement No. 45. The ARC
represents a level of funding that, if paid on an ongoing basis is projected to cover the
annual normal cost and the amortization of unfunded actuarial liabilities (or funding
excess) over a thirty year period. Due to the Fire District's prefunding of its plan liability
through the CERBT, the Fire District's plan has a net OPEB asset as of the
June 30, 2013 actuarial valuation which positively impact the actuarially determined
contribution rate.
Annual OPEB Costs and Net OPEB Obligation (Asset)
The City implemented the provision of GASB Statement 45 in fiscal year ended
June 30, 2009. Information on the annual OPEB cost, percentage of annual OPEB cost
contributed, and net OPEB obligation /(asset) is available for the fiscal year ended
June 30, 2009, and thereafter.
84
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 11: Other Post - Employment Benefits (Continued)
Three Year Trend Information - OPEB
Fiscal
Annual
Actuarial Actuarial Actuarial Actuarial
Percentage of
Valuation Value of Accrued Accrued
Net OPEB
Year
OPEB
Actual
Annual OPEB
Reimbursements
Obligation
End
Cost
Contribution*
Cost Contributed
from CERBT
(Asset)
6/30/2013
$ 725,086
$ 924,590
127.5%
$ 421,589
$ (16,447,210)
6/30/2014
757,135
834,616
110.2%
335,316
(16,189,075)
6/30/2015
660,914
994,659
150.5%
608,659
(15,668,161)
Including implied rate subsidy
Funded Status and Funding Progress
Actuarial valuations of an ongoing plan involve estimates of the value of reported
amounts and assumptions about the probability of occurrence of events far into the
future. Examples include assumptions about future employment, mortality and the
healthcare cost trend. Amounts determined regarding the funded status of the plan and
the annual required contributions of the Fire District are subject to continual revision as
actual results are compared with past expectations and new estimates are made about
the future. The schedule of funding progress below presents multiyear trend information
about whether the actuarial value of plan assets is increasing or decreasing over time
relative to the actuarial accrued liabilities for benefits.
Schedule of Funding Progress
Other Post - Employment Benefits
(Amounts in Thousands)
Unfunded
UAAL as a
Actuarial Actuarial Actuarial Actuarial
Percent of
Valuation Value of Accrued Accrued
Funded Covered Covered
Date Assets Liability Liability
Ratio Payroll Payroll
6/30/2009 $ 2,798 $ 17,561 $ 14,763 15.9% $ 8,021 184.1%
6/30/2011 21,547 22,544 997 95.6% 8,601 11.6%
6/30/2013 23,854 23,634 (220) 100.9% 9,589 -2.3%
Actuarial valuation is performed every other year.
Actuarial Methods and Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan
(the plan as understood by the employer and the plan members) and include the types of
benefits provided at the time of each valuation and the historical pattern of sharing of
benefit costs between the employer and plan members to that point. The actuarial
methods and assumptions used include techniques that are designed to reduce the
effects of short-term volatility in the actuarial accrued liabilities and the actuarial value of
assets, consistent with the long -term perspective of the calculations.
In the June 30, 2013, actuarial valuation, the entry age normal level percentage of pay
actuarial cost method was used. The actuarial assumptions include a 6.50% discount
rate of return, which is a blended rate of the expected long -term investment return on
plan assets and on the employer's own investments calculated based on the funded level
of the plan at the valuation date, an inflation rate of 3 %, projected salary increase of
85
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 11: Other Post - Employment Benefits (Continued)
3.25% and annual healthcare cost trend rate of between 4.5% and 9.4 %. The actuarial
value of assets is set equal to the reported market value of assets. The UAAL is being
amortized as a level percentage of payroll over a 25 -year fixed (closed) period for initial
UAAL from June 30, 2015, (fresh start). The number of active and retiree participants is
111 and 54 respectively.
Note 12: Summary Disclosure of Self- Insurance Contingencies
City Disclosure of Self- Insurance Contingencies
The City is exposed to various risks of loss related to torts; theft of, damage to, and
destruction of assets; errors and omissions; and natural disasters for which the Member
Entity obtains insurance coverage.
The City is a member of the Public Agency Risk Sharing Authority of California - PARSAC
(Authority), a joint powers authority, which provides joint protection programs for public
entities covering automobile, general liability, errors and omission losses, workers'
compensation, and property claims. Under the program, the City has a $500,000
retention limit for liability, which is similar to a deductible, with the Authority being
responsible for losses above that amount up to $1,000,000. The Authority carries an
excess commercial liability policy of $35,000,000 in excess of its $1,000,000 retention
limit to cover losses through affiliated risk management authorities. The Authority also
provides one billion dollars aggregate per occurrence property coverage to its members
with such coverage provided by purchased insurance.
Liabilities of the City are reported when it is probable that a loss has occurred and the
amount of the loss can be reasonably estimated. Liabilities include an amount for claims
that have been incurred but not reported (IBNRs). The result of the process to estimate
the claims liability is not an exact amount as it depends on many complex factors, such
as inflation, changes in legal doctrines, and damage awards. Accordingly, claims are
reevaluated periodically to consider the effects of economic and social factors. The
estimate of the claims liability also includes amounts for incremental claim adjustment
expenses related to specific claims and other claim adjustment expenses regardless of
whether allocated to specific claims. Estimated recoveries, for example from salvage or
subrogation, are another component of the claims liability estimate.
The City has a $300,000 retention limit for workers compensation. The Authority covers
workers' compensation claims in excess of the $300,000 retention limit up to $500,000.
The Local Agency Workers Compensation Excess Pool provides excess coverage to
statutory limits. The City pays an annual premium to the Authority and may share in any
surplus revenues or may be required to pay additional assessments based upon the
Authority's operating results. Financial statements of the Public Agency Risk Sharing
Authority of California ( PARSAC) may be obtained from its administrative office located at
1525 Response Road, Suite One, Sacramento, California, 95815; www.parsac.org or by
calling (916) 927 -7727.
Fire District Disclosure of Self Insurance Contingencies
For general liability, the Fire District is covered through the Fire Agencies Insurance Risk
Authority (FAIRA) on each general liability claim up to $1,000,000. The liability deductible
is $0, except $5,000 for Management Liability claims $1,000 for business auto claims,
$3,000 for emergency vehicle and $5,000 for property claims. The insurance coverage in
excess of the $1,000,000, up to $10,000,000, is provided by American Alternative
Insurance Corporation.
:.
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 12: Summary Disclosure of Self- Insurance Contingencies (Continued)
Effective, June 29, 1989, the Fire District became a member of FAIRA, a public entity risk
pool currently operating as a common risk management and insurance program for
99 California Fire Protection Districts. The Fire District pays an annual premium to the
pool for its excess general liability insurance coverage. The agreement for information of
FAIRA provides that the pool will be self- sustaining through member premiums.
FAIRA publishes its own financial report for the year ended June 30, 2015, which can be
obtained from the Fire Agencies Insurance Risk Authority, Novato, California.
For workers compensation, the Fire District is self- insured for the first $300,000 on each
workers compensation claim as a member of the Public Agency Self- Insurance System
(PASTS) of San Bernardino County. The insurance coverage in excess of the
self- insured amount is provided by the California State Association of Counties Excess
Insurance Authority (CSAC -EIA).
Effective, July 1, 2002, the Fire District became a member of CSAC -EIA, a public entity
risk pool currently operating as a common risk management and insurance program for
145 California cities, counties, school districts, municipal services organizations, and joint
power authorities. The Fire District pays an annual premium to the pool for its excess
workers compensation insurance coverage. The agreement for information of the
CSAC -EIA provides that the pool will be self- sustaining through member premiums.
CSAC -EIA publishes its own financial report for the year ended June 30, 2015, which can
be obtained from the California State Association of Counties Excess Insurance
Authority, Moraga, California.
Workers compensation claims expenditures and liabilities are reported when it is
probable that a loss has occurred and the amount of that loss can be reasonably
estimated. These losses include an estimate of claims that have been incurred but not
reported. The Fire District funds all claims payable, including those incurred, but not
reported, in the yearly deposit it pays to PASIS.
Effective July 1, 2015, the District became a member of PARSAC for its workers
compensation insurance. See additional information regarding this change in insurance
coverage subsequent to year end in Note 17.
There have been no significant changes in the City's insurance coverage from the prior
year. During the past three fiscal years, the amount of settlements has not exceeded the
amount of insurance coverage.
The City and the Fire District are 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 commitment of $7,583,333 is adequate to cover such losses.
87
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 12: Summary Disclosure of Self- Insurance Contingencies (Continued)
The following is a summary of the changes in the claims liability over the past two fiscal
years for the City and the Fire District combined:
Current Year Claims
Beginning
and Changes in
Claim
Ending
Fiscal Year Balance
Estimates
Payments
Balance
2013 -2014 $ 3,762,682
$ 2,297,600
$ (1,881,251)
$ 4,179,031
2014 -2015 4,179,031
920,145
(1,679,370)
3,419,806
Note 13: Commitments and Contingencies
The following schedule summarizes the major contractual commitments by funds as of
June 30, 2015:
::
Expenditures
Contract
to date as of
Remaining
Fund / Project Name
Amount
June 30, 2015
Commitments
Air Quality Improvement
CNG Fuel Station Expansion
$ 307,475
$ 199,102
$ 108,373
Transportation
Traffic Management Center Upgrade
152,265
14,858
137,407
Wilson Avenue Extension
4,403,582
3,971,725
431,857
Base Line Road @ 1 -15 Freeway Interchange
750,129
458,899
291,230
Measure I
Wilson Avenue Extension
307,000
-
307,000
8th Street, 6th Street, and Baker Avenue Pavement
Rehabilitation
569,595
-
569,595
Local Street Pavement Rehabilitation - Slurry
301,988
-
301,988
Proposition 42 - Traffic Congestion Mitigation
Local Street Pavement Rehabilitation -Slurry
109,000
-
109,000
Proposition 84 - Park Bond Act
Southwest Park Design
351,564
177,067
174,497
Municipal Utility
Arrow Route Electric Distribution Line Extension
1,973,645
1,826,062
147,583
Haven Avenue Electric Distribution Line Extension -
Jersey Blvd. to Sixth St.
496,830
-
496,830
Equipment and Vehicle Replacement
CNG Fuel Station Expansion
316,185
199,102
117,083
Fire District
Fire Protection District All Risk Training Facility
2,895,750
1,031,122
1,864,628
::
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency
On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 ( "the Bill ")
that provides for the dissolution of all redevelopment agencies in the State of California. This
action impacted the reporting entity of the City of Rancho Cucamonga that previously had
reported a redevelopment agency within the reporting entity of the City as a blended
component unit.
The Bill provides that upon dissolution of a redevelopment agency, either the city or another
unit of local government will agree to serve as the "successor agency" to hold the assets until
they are distributed to other units of state and local government. On January 11, 2012, the
City elected to become the Successor Agency for the former redevelopment agency in
accordance with the Bill as part of City resolution number 12 -001.
After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the
State of California cannot enter into new projects, obligations or commitments. Subject to the
control of a newly established oversight board, remaining assets can only be used to pay
enforceable obligations in existence at the date of dissolution (including the completion of any
unfinished projects that were subject to legally enforceable contractual commitments).
In future fiscal years, successor agencies will only be allocated revenue in the amount that is
necessary to pay the estimated annual installment payments on enforceable obligations of
the former redevelopment agency until all enforceable obligations of the prior redevelopment
agency have been paid in full and all assets have been liquidated.
The Bill directs the State Controller of the State of California to review the propriety of any
transfers of assets between redevelopment agencies and other public bodies that occurred
after January 1, 2011. If the public body that received such transfers is not contractually
committed to a third party for the expenditure or encumbrance of those assets, the State
Controller is required to order the available assets to be transferred to the public body
designated as the successor agency by the Bill.
Management believes, in consultation with legal counsel, that the obligations of the former
redevelopment agency due to the City are valid enforceable obligations payable by the
successor agency trust under the requirements of the Bill. The City's position on this issue is
not a position of settled law and there is considerable legal uncertainty regarding this issue. It
is reasonably possible that a legal determination may be made at a later date by an
appropriate judicial authority that would resolve this issue unfavorably to the City.
In accordance with the timeline set forth in the Bill (as modified by the California Supreme
Court on December 29, 2011) all redevelopment agencies in the State of California were
dissolved and ceased to operate as a legal entity as of February 1, 2012.
a. Cash and investments
Cash and investments reported in the accompanying financial statements consisted of
the following:
Cash and investments pooled with the City $ 23,520,235
Cash and investments with fiscal agent 1,512,338
$ 25,032,573
:•
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
b. Loans Receivable
Notes and loans receivables consist of the following at June 30, 2015:
On July 21, 2003, the Agency entered into a Disposition and Developer Agreement with
Victoria Gardens, LLC. The Agency conveyed 147 acres generally located north of
Foothill Boulevard, west of the 1 -15 Freeway and east of Day Creek Road in the City of
Rancho Cucamonga in order for the Developer to construct an open air mixed use
complex. The Agency conveyed the site to the Developer upon the execution of a
promissory note to pay a cumulative sum of $13,000,000 to the Agency over a term of
thirty (30) years. The note stipulates the following payment structure: (1) the Developer
shall make annual payments to the Agency equal to the amount required to amortize the
excess return at the Agency's cost of funds; (2) the Developer shall pay the Agency
fifteen percent (15 %) of the difference between the net sale proceeds and the higher of
the project cost, or the initial gross proceeds of any loan; and (3) the Developer shall pay
the Agency fifteen percent (15 %) of any positive net refinance proceeds. As of
June 30, 2015, the outstanding balance was $11,809,648.
c. Capital Assets
An analysis of capital assets as of June 30, 2015, follows:
* As a result of the dissolution of the former Redevelopment Agency, land in the amount of $4,905,912 was transferred
to the City after review by the Oversight Board and approval of the California Department of Finance.
a
Beginning
Transfers
Ending
Balance
Increases
Decreases Transfers to the City *
Balance
Capital assets, not being depreciated:
Land
$ 6,508,841
$ -
$ - $ - $ (4,905,912)
$ 1,602,929
Construction -in- progress
7,657,000
-
(76,633) (6,480,002) -
1,100,365
Total Capital Assets,
Not Being Depreciated
14,165,841
-
(76,633) (6,480,002) (4,905,912)
2,703,294
Capital assets, being depreciated:
Building improvements
41,340,841
-
6,480,002 -
47,820,843
Improvement other than buildings
1,059,893
-
- -
1,059,893
Equipment and vehicles
9,975,186
-
-
9,975,186
Furniture and fixtures
1,393,069
-
-
1,393,069
Intangible
51,974
-
- -
51,974
Total Capital Assets,
Being Depreciated
53,820,963
-
6,480,002 -
60,300,965
Less accumulated depreciation:
Building improvements
7,710,788
2,040,063
- -
9,750,851
Improvement other than buildings
174,752
52,994
-
227,746
Equipment and vehicles
8,471,067
389,557
-
8,860,624
Furniture and fixtures
1,346,991
30,403
-
1,377,394
Intangible
46,885
3,465
-
50,350
Total Accumulated
Depreciation
17,750,483
2,516,482
- -
20,266,965
Total Capital Assets,
Being Depreciated, Net
36,070,480
(2,516,482)
6,480,002 -
40,034,000
Business -Type Activities
Capital Assets, Net
$ 50,236,321
$ (2,516,482)
$ (76,633) $ - $ (4,905,912)
$ 42,737,294
* As a result of the dissolution of the former Redevelopment Agency, land in the amount of $4,905,912 was transferred
to the City after review by the Oversight Board and approval of the California Department of Finance.
a
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
d. Long -Term Debt
A description of long -term debt outstanding (excluding defeased debt) of the Successor
Agency as of June 30, 2015, follows:
Tax Allocation Bonds
1. Rancho Cucamonga Redevelopment Agency, Rancho Development Project,
1999 Tax Allocation Refunding Bonds, $54,945,000. These bonds were dated
August 30, 1999, and were issued in order to finance a portion of the Agency's
Rancho Development Project, to currently refund the outstanding principal balance of
$47,715,000 of the Rancho Development Project 1990 Tax Allocation Bonds and to
fund redevelopment activities. Interest was payable semi - annually on March 1 and
September 1, of each year commencing March 1, 2000. The bonds were to mature in
annual installments ranging from $1,880,000 to $4,165,000 starting
September 1, 2000 to September 1, 2020, and beared interest ranging from 4.25% to
5.25°/x.
The bonds maturing before September 1, 2009, were not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2011, were subject at the option of the Agency, to redemption, in whole
or in part, by lot, prior to their stated maturities on any date, commencing
September 1, 2009. The bonds maturing on September 1, 2020, were subject to
mandatory redemption in part from sinking account installments on
September 1, 2015, and on each September 1 thereafter, up to and including
September 1, 2020.
91
Balance
Balance
Due Within
July 1, 2014
Additions
Repayments
Defeased
DOF Disallowed
June 30, 2015
One Year
Bonds
Tax Allocation Refunding
Bonds - 1999 Issue
$ 25,105,000
$
$
$ 25,105,000
$
$ -
$
Tax Allocation Refunding
Bonds - 2001 Issue
71,740,000
71,740,000
Tax Allocation Refunding
Bonds - 2004 Issue
132,065,000
132,065,000
-
Tax Allocation Refunding
Bonds - 2004 Issue
137,100,000
3,230,000
-
133,870,000
3,390,000
Tax Allocation Refunding
Bonds - 2014 Issue
-
174,050,000
-
-
174,050,000
5,375,000
Total Bonds
366,010,000
174,050,000
3,230,000
228,910,000
307,920,000
8,765,000
Developer Loans
Price Club Costco
8,103,477
188,676
81,754
-
8,210,399
-
Bank of New York
10,259,157
-
510,204
9,748,953
555,984
Total Developer Loans
18,362,634
188,676
591,958
17,959,352
555,984
Advances from City
9,521,227
-
-
-
(9,521,227)
-
-
Total
$ 393,893,861
$ 174,238,676
$ 3,821,958
$ 228,910,000
$ (9,521,227)
325,879,352
$ 9,320,984
Unamortized premium
25,365,768
Total
$ 351,245,120
Tax Allocation Bonds
1. Rancho Cucamonga Redevelopment Agency, Rancho Development Project,
1999 Tax Allocation Refunding Bonds, $54,945,000. These bonds were dated
August 30, 1999, and were issued in order to finance a portion of the Agency's
Rancho Development Project, to currently refund the outstanding principal balance of
$47,715,000 of the Rancho Development Project 1990 Tax Allocation Bonds and to
fund redevelopment activities. Interest was payable semi - annually on March 1 and
September 1, of each year commencing March 1, 2000. The bonds were to mature in
annual installments ranging from $1,880,000 to $4,165,000 starting
September 1, 2000 to September 1, 2020, and beared interest ranging from 4.25% to
5.25°/x.
The bonds maturing before September 1, 2009, were not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2011, were subject at the option of the Agency, to redemption, in whole
or in part, by lot, prior to their stated maturities on any date, commencing
September 1, 2009. The bonds maturing on September 1, 2020, were subject to
mandatory redemption in part from sinking account installments on
September 1, 2015, and on each September 1 thereafter, up to and including
September 1, 2020.
91
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
Tax Revenues, except as provided below, were pledged in their entirety to the
payment of principal and interest, and redemption premium if any, on the bonds listed
above and were referred to in the applicable series resolutions, as "Pledged Tax
Revenues." Pledged Tax Revenues did 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 did not include that portion of tax revenues derived from the Project Area which
were required to be used by the Agency in accordance with the provisions of certain
agreements entered into by the Agency. The Agency entered into cooperative
agreements with taxing agencies affected by the Redevelopment Project. Such
agreements have been entered into with: a) the Chino Basin Municipal Water District,
b) the County of San Bernardino on behalf of the County Free Library and the
San Bernardino County Flood Control District, c) the Cucamonga County Water
District, d) the Foothill Fire Protection District, and e) various school districts located
within the project area. Under the terms of these agreements, the Agency agreed that
certain tax revenues attributable to those areas and which were allocated to the
Agency pursuant to Section 33670(b), were to be pledged by the Agency to make
certain cash payments or in lieu of contributions to each affected taxing agency.
Such payments were to be made from tax revenues allocated to the Agency. Pledged
Tax Revenues also did not include interest income on the various funds and
accounts created by the series resolutions. Any such investment income was
available to the Agency to meet debt service payments on the bonds but was not
specifically pledged therefore.
In addition to providing for the pass- through of tax revenue to the County Free Library
and the San Bernardino County Flood Control District, the agreement between the
Agency and the County of San Bernardino also provided that tax revenues, which
would have been allocated to the County had not the Redevelopment Plan been
adopted, would be fully allocated to the Agency until fiscal year 1998 -1999. The
agreement, however, further provided 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 refunded the 1999 Tax Allocation Refunding Bonds with the issuance of
the 2014 Rancho Redevelopment Project Area Tax Allocation Refunding Bonds on
July 15, 2014. There is no outstanding balance at June 30, 2015.
2. Rancho Cucamonga Redevelopment Agency, Rancho Development Project,
2001 Tax Allocation Bonds, $74,080,000. These bonds were dated August 7, 2001,
and were issued in order to finance a portion of the Agency's Rancho Development
Project and to pay certain costs of issuance of the bonds. Interest was payable
semi - annually on March 1 and September 1 of each year commencing
March 1, 2002. The bonds were to mature in annual installments from $10,000 to
$11,540,000 from September 1, 2002 to September 1, 2030, and beared interest
ranging from 3.000% to 5.125 %.
92
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
The bonds maturing before September 1, 2011, were not subject to call and
redemption prior to their stated maturities. The bonds maturing on or after
September 1, 2012, were subject, at the option of the Agency to redemption, in
whole Or in part, by lot, prior to their stated maturities on any date, commencing
September 1, 2011, among maturities at the discretion of the Agency and by lot
within a maturity upon payment, from any source of funds available, of the principal
amount and accrued interest payable thereon, without premium.
Tax Revenues, except as provided below, were pledged in their entirety to the
payment of principal, interest 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 did not include that portion of Tax Revenues
derived from the Project Area which were 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 did not include that portion of tax revenues derived from the Project Area which
were required to be used by the Agency in accordance with the provisions of certain
agreements entered into by the Agency.
The Agency entered into cooperative agreements with taxing agencies affected by
the Redevelopment Project. Such agreements have been entered into with: a) the
Chino Basin Municipal Water District, b) the County of San Bernardino on behalf of
the County Free Library and the San Bernardino County Flood Control District,
c) the Cucamonga County Water District, d) the Foothill Fire Protection District, and
e) various school districts located within the project area. Under the terms of these
agreements, the Agency agreed that certain tax revenues attributable to those areas
and which are allocated to the Agency pursuant to Section 33670 (b), were to be
pledged by the Agency to make certain cash payments or in lieu of contributions to
each affected taxing agency. Such payments were to be made from tax revenues
allocated to the Agency. Pledged Tax Revenues also did not include interest income
on various funds and accounts created by the series resolutions.
Any such investment income was available to the Agency to meet debt service
payments on the bonds, but was not specifically pledged therefore.
The Agency refunded the 2001 Tax Allocation Bonds with the issuance of the 2014
Rancho Redevelopment Project Area Tax Allocation Refunding Bonds on
July 15, 2014. There is no outstanding balance at June 30, 2015.
3. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project,
2004 Tax Allocation Bonds, $165,680,000. These bonds were dated
March 1, 2004, and were issued in order a.) to refund and defease the Agency's
$52,225,000 outstanding principal amount Rancho Redevelopment Project 1994 Tax
Allocation Refunding Bonds, and b.) to fund redevelopment activities. The issue
consisted of $109,690,000 Serial Bonds with maturities beginning September 1, 2005
through September 1, 2025, $12,210,000 Term Bonds due September 1, 2028,
bearing interest at 4.45% per annum and $43,780,000 Term Bonds due September
1, 2032, bearing interest at 4.50% per annum. Interest was payable semi - annually on
March 1 and September 1 of each year commencing September 1, 2004. The Serial
Bonds were to mature in annual installments ranging from $2,950,000 to
$10,955,000 starting September 1, 2005 to September 1, 2025, and beared interest
ranging from 2.00% to 5.00 %.
93
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
Bonds maturing on or before September 1, 2014, were not subject to call and
redemption prior to their stated maturities. Bonds maturing on or after
September 1, 2015, were 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, 2014. The bonds maturing on September 1, 2028 and
September 1, 2032, were subject to mandatory redemption in part from sinking
account installments on September 1, 2026 and September 1, 2029, respectively,
and on each September 1 thereafter, at a redemption price equal to 100% of the
principal amount plus accrued interest, if any, to the redemption date, without
premium.
Tax Revenues, except as provided below, were pledged in their entirety to the
payment of principal, interest and redemption premium, if any, on the bonds listed
above and were 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 were 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 did not include that portion of tax revenues derived from the Project Area which
were required to be used by the Agency in accordance with the provisions of certain
agreements entered into by the Agency.
The Agency entered into cooperative agreements with taxing agencies affected by
the Redevelopment Project. Such agreements have been entered into with
a.) the Chino Basin Municipal Water District, b.) the County of San Bernardino on
behalf of the County Free Library and the San Bernardino County Flood Control
District, c.) the Cucamonga County Water District, d.) the Foothill Fire Protection
District, and e.) various school districts located within the project area. Under the
terms of these agreements, the Agency agreed that certain tax revenues attributable
to those areas and which were 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 were to be
made from tax revenues allocated to the Agency. Pledged Tax Revenues also did
not include interest income on various funds and accounts created by the series
resolutions. Any such investment income was available to the Agency to meet debt
service payments on the bonds but was not specifically pledged therefore. The bonds
were further secured by a financial guarantee insurance policy in the event of
nonpayment of principal and /or interest.
The Agency refunded the 2004 Tax Allocation Bonds with the issuance of the 2014
Rancho Redevelopment Project Area Tax Allocation Refunding Bonds on
July 15, 2014. There is no outstanding balance at June 30, 2015.
4. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project,
Housing Set -aside Tax Allocation Bonds, Tax Exempt Series 2007A and
Taxable Series 2007B. $155,620,000. In November 2007, the Rancho Cucamonga
Redevelopment Agency issued $73,305,000 Rancho Redevelopment Project
Housing Set -Aside Tax Allocation Bonds Tax - Exempt Series 2007A and $82,315,000
Rancho Redevelopment Project Housing Set -Aside Tax Allocation Bonds Taxable
series 2007B to (a) refund and redeem the Agency's outstanding
94
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
Rancho Redevelopment Project 1996 Housing Set -Aside Tax Allocation Bonds,
(b) provide for the refunding and defeasance of the California Statewide Communities
Development Authority Multifamily Housing Revenue Bonds, (c) extend set -aside and
affordability restriction on 558 units within four apartment projects located in the City
of Rancho Cucamonga pursuant to an Extended Affordability Agreement, and
(d) finance other low and moderate income housing projects in or of benefit to the
Project Area.
The Series A issue consists of $29,950,000 in Serial bonds with maturities beginning
September 1, 2008 through September 1, 2026, bearing interest ranging from 3.25%
through 5.0 %; and $43,355,000 in Term bonds due September 1, 2034, bearing
interest at 5 %. The Series B issue consists of $19,675,000 Term bonds due
September 1, 2017, bearing interest at 5.529 %; and $62,640,000 Term bonds due
September 1, 2031, bearing interest at 6.262 %. Interest on both Series A and B
bonds is payable semi - annually on March 1 and September 1 of each year,
commencing March 1, 2008.
The Series A Bonds maturing on or before September 1, 2017, are not subject to call
and redemption prior to maturity. The Series A Bonds maturing on or after
September 1, 2018, will be subject to call and redemption prior to maturity at the
option of the Agency, on or after September 1, 2017. The Taxable Series B Bonds
are subject to optional redemption, on any date prior to their maturity.
The 2007 bonds are secured and payable from Tax Revenues on a subordinate
basis with respect to a Loan Agreement dated as of December 15, 1997, between
the Agency, Northtown Housing Development Corporation and Pacific Life Insurance
Company (Loan Payable -Bank of New York) — the Senior Loan. The Indenture does
not permit additional senior obligations. The Agency is permitted under the Indenture
to incur additional obligations — Parity Bonds — secured by a pledge of Tax Revenues
on a parity basis with the pledge of Tax Revenues to the 2007 Bonds. Tax Revenues
which secure the 2007 Bonds consist solely of the Housing Set - Aside.
The balance at June 30, 2015, amounted to $133,870,000 plus unamortized bond
premium of $652,783.
Principal Interest
2015-2016 $
3,390,000
$ 7,402,359
2016-2017
3,565,000
7,223,693
2017-2018
3,750,000
7,029,556
2018-2019
3,955,000
6,817,915
2019-2020
4,175,000
6,594,014
2020-2025
24,700,000
29,025,572
2025-2030
37,280,000
20,183,071
2030-2035
53,055,000
6,863,293
Total $ 133,870,000 $ 91,139,473
95
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
5. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project
Area Tax Allocation Refunding Bonds, Series 2014. $174,050,000. These bonds
are dated July 15, 2014, and were issued to refinance certain obligations of the
Project Area including the 1999 Tax Allocation Refunding Bonds, 2001 Tax Allocation
Bonds and 2004 Tax Allocation Bonds. The Bonds will be payable from and secured
by, designated property tax revenues (formerly tax increment revenues) related to the
Rancho Redevelopment Project, which will consist of moneys deposited, from time to
time, in the Redevelopment Property Tax Trust Fund ( "RPTTF ") established under
the Dissolution Act, defined below, but exclude those amounts which were, prior to
the Dissolution Act, required to be deposited into the Former Agency's Low and
Moderate Income Housing Fund to the extent required to pay debt service on existing
Housing Obligations. Interest is payable semi - annually on March 1 and September
1, of each year commencing March 1, 2015. The bonds mature in annual
installments ranging from $2,750,000 to $14,235,000 starting September 1, 2015 to
September 1, 2032, and bear interest ranging from 3% to 5 %.
The balance at June 30, 2015, amounted to $174,050,000 plus unamortized bond
premium of $24,712,985 and unamortized gain on defeasance of $2,324,547.
The following schedule illustrates the debt service requirements to maturity for the
2014 Tax Allocation Refunding Bonds as of June 30, 2015:
Total $ 174,050,000 $ 89,622,950
The net proceeds of $197 million of the Tax Allocation Refunding Bonds, Series 2014
(after a premium of $26 million and payment of $3 million in underwriting fees,
insurance, and other issuance costs) were used to advance refund the 1999 Tax
Allocation Refunding Bonds, 2001 Tax Allocation Bonds and 2004 Tax Allocation
Bonds with the Tax Allocation Refunding Bonds, Series 2014 and were deposited in
an irrevocable trust with an escrow agent to provide for all future debt service
payments on the refunded 1999 Tax Allocation Refunding Bonds, 2001 Tax
Allocation Bonds and 2004 Tax Allocation Bonds with the Tax Allocation Refunding
Bonds, Series 2014. As a result, the refunded bonds are considered to be defeased
and the liability for these bonds has been removed from the long term debt of the
Successor Agency. The advance refunding increased the total debt service payment
by $17.5 million over the next 18 years and resulted in an economic gain of $0.8
million.
0.
Principal
Interest
2015-2016
$ 5,375,000
$ 8,391,950
2016-2017
6,645,000
8,165,300
2017-2018
6,910,000
7,894,200
2018-2019
7,190,000
7,576,250
2019-2020
7,550,000
7,207,750
2020-2025
43,790,000
29,835,000
2025-2030
55,890,000
17,433,750
2030-2035
40,700,000
3,118,750
Total $ 174,050,000 $ 89,622,950
The net proceeds of $197 million of the Tax Allocation Refunding Bonds, Series 2014
(after a premium of $26 million and payment of $3 million in underwriting fees,
insurance, and other issuance costs) were used to advance refund the 1999 Tax
Allocation Refunding Bonds, 2001 Tax Allocation Bonds and 2004 Tax Allocation
Bonds with the Tax Allocation Refunding Bonds, Series 2014 and were deposited in
an irrevocable trust with an escrow agent to provide for all future debt service
payments on the refunded 1999 Tax Allocation Refunding Bonds, 2001 Tax
Allocation Bonds and 2004 Tax Allocation Bonds with the Tax Allocation Refunding
Bonds, Series 2014. As a result, the refunded bonds are considered to be defeased
and the liability for these bonds has been removed from the long term debt of the
Successor Agency. The advance refunding increased the total debt service payment
by $17.5 million over the next 18 years and resulted in an economic gain of $0.8
million.
0.
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
Developer Loans Payable
In December 1990, the Rancho Cucamonga Redevelopment Agency entered into a
Disposition and Development Agreement with The Price Company (Developer). In
accordance with this agreement the Agency executed a 23 -year note in the amount
of $3,756,615. The note was issued to provide financing of certain redevelopment
activities that included the acquisition of approximately 13 acres of land. The note
bears interest at 9% per annum. The Agency shall pay the Developer quarterly
payments amounting to 50% of taxes derived from the imposition of the Bradley
Burns Uniform Local Sales and Use Tax Law commencing with Section 7200 of the
revenue and Taxation Code of the State of California, as amended, arising from all
businesses and activities conducted on the Costco Parcel. The Note was
renegotiated on July 18, 2002, as the Costco Note. The new loan principal of
$6,347,171 included accrued interest through that date. Debt Service Payments shall
be made for a period of up to fourteen (14) Note Years, expiring on
October 12, 2015, or until accrued interest and principal on this Note are paid in full,
whichever occurs first. In the event that, at the expiration of the Payment Period, the
sum of all Debt Service Payments actually made plus all accrued but then unpaid
Debt Service Payments is not sufficient to fully discharge all principal, interest and
other sums due under this Note by the expiration of the Payment Period, then, the
unpaid balance of principal and accrued interest, if any, shall be deemed forgiven,
provided the Agency has paid all amounts due hereunder through the expiration of
the Payment Period. The balance at June 30, 2015, amounted to $8,210,399.
2. On August 21, 1996, the Agency executed a note payable to Pacific Life Insurance
Company (subsequently assigned to Bank of New York) in the amount of
$9,411,477. The proceeds of the note were paid directly to Northtown Housing
Development Corporation for the development of the Northtown Housing project. The
outstanding principal bears interest at 8.78% compounding semi - annually from the
date of the note until paid. Interest was added to the principal on each March 15 and
September 15 through March 15, 2002, amounting to $4,210,264 in addition to
principal. Commencing on September 15, 2002, both principal and interest shall be
due and payable semi - annually on March 15 and September 15, of each year
through March 2026. The balance at June 30, 2015, amounted to $9,748,953.
The following schedule illustrates the debt service requirements to maturity as of
June 30, 2015:
97
Principal
Interest
2015-2016
$ 555,984
$ 844,016
2016-2017
605,871
794,129
2017-2018
660,233
739,767
2018-2019
719,475
680,525
2019-2020
784,030
615,970
2020-2025
5,110,435
1,889,565
2025-2030
1,312,925
57,075
Total
$ 9,748,953
$ 5,621,047
97
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
Advances from the City
During the prior fiscal years, the City of Rancho Cucamonga loaned the
Rancho Cucamonga Redevelopment Agency funds for use in financing various
projects with interest at 12% per annum. Due to an adverse determination made by
the State Department of Finance subsequent to year end, management determined it
would be prudent to write off $9,521,227 of the advances from the City which is
reflected in this principal balance. At June 30, 2015, there was no principal balance
on these loans. See additional information in Note 17.
Pledged Revenue
The City pledged, as security for bonds issued, either directly or through the
Financing Authority, a portion of tax increment revenue (including Low and Moderate
Income Housing set -aside and pass through allocations) that it receives. The bonds
issued were to provide financing for various capital projects, accomplish Low and
Moderate Income Housing projects and to defease previously issued bonds.
Assembly Bill 1X 26 provided that upon dissolution of the Redevelopment Agency,
property taxes allocated to redevelopment agencies no longer are deemed tax
increment but rather property tax revenues and will be allocated first to successor
agencies to make payments on the indebtedness incurred by the dissolved
redevelopment agency. Total principal and interest remaining on the debt is
$488,682,423 with annual debt service requirements as indicated above. For the
current year, the total property tax revenue recognized by the City for the payment of
indebtedness incurred by the dissolved redevelopment agency was $28,759,725 and
the debt service obligation on the bonds was $16,128,752.
In July 1994, the Agency entered into an affordable housing Pledge Agreement with
So Cal Housing which they could use to secure affordable housing units. In August
1996, the Agency approved Amendment No. 2 to the 1994 Original Pledge, to
commit to pay approximately $340,000 annually to the California Housing Finance
Agency (CHFA) to benefit the required reserves for three affordable family housing
developments up to November 2026. The balance of the commitment at
June 30, 2015 is $3,905,000.
e. Insurance
The Successor Agency is covered under the City of Rancho Cucamonga's insurance
policies. Therefore, the limitation and self- insured retentions applicable to the City also
apply to the Successor Agency. Additional information as to coverage and self- insured
retentions can be found in Note12.
f. Participation Agreements
In August 2005, the Agency entered into a real estate tax, sales tax, tax increment and
business license tax participation agreement with Bass Outdoor World, LLC (Bass Pro),
80 VGL, LLC and 20 VGL, LLC (80 VGL, LLC and 20 VGL, LLC are collectively referred
to as Landlord). Under the terms of the agreement, the Agency is required to make
annual payments equal to one hundred percent (100 %) of the tax increment revenues,
sales tax revenues and business license tax paid during each year. However, Landlord
has the priority for reimbursements of real estate taxes paid for each year prior to any
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued)
payments being made to Bass Pro. The total amount paid to Landlord and Bass Pro
shall not exceed $1,100,000 in any given year. The agreement terminates in fiscal year
2032 -2033. However, due to ERAF payment made, the agreement was extended to
December 2034. During the year ended June 30, 2015, the Agency made payments
totaling $587,029.
The principal amount of the bonds that were issued on July 30, 2015 are as follows:
Community Facilities District No.
2000 -01
Community Facilities District No.
2000 -02
Community Facilities District No.
2001 -01 A
Community Facilities District No.
2001 -01 B
Community Facilities District No.
2006 -01
Community Facilities District No.
2006 -02
Total
Note 15: Net Position and Fund Balance Restatement
$455,000
4,178,000
7,256,000
702,000
3,727,000
2,228,000
$18,546,000
Beginning Net Position has been restated by $65,559,349 to implement the provision of
Governmental Accounting Standards Board Statement No. 68 to record PERS net pension
liability, PARS net pension asset and deferred pension related items. $64,322,327 relates to
governmental activities and $1,237,022 relates to business -type activities.
Note 16: Extraordinary Gain /Loss
During the year ended June 30, 2015, the Successor Agency transferred land to the City
resulting in an extraordinary gain for the City and an extraordinary loss for the Successor
Agency in the amount of $4,905,912. The land is now recorded in the City. In addition, the
Successor Agency transferred bond proceeds to the Housing Successor Agency resulting in
an extraordinary gain for the City and an extraordinary loss for the Successor Agency in the
amount of $4,320,145. The result is an extraordinary gain for the City and extraordinary loss
for the Successor Agency in the amount of $9,226,057. Lastly, advances from the City to the
Successor Agency were denied resulting in an extraordinary loss for the General Fund and
an extraordinary gain for the Successor Agency in the amount of $9,521,226.
Note 17: Subsequent Events
Effective July 1, 2015, the Rancho Cucamonga Fire Protection District (the District)
became a member of the Public Agency Risk Sharing Authority of California (Authority)
for its workers compensation insurance and concurrently separated from the Public
Agency Self- Insurance System (PASIS) of San Bernardino County. The District will
maintain reserves to cover its June 30, 2015 estimated claims liability for workers
compensation up to its self- insured retention of $300,000. Claims in excess of the self -
insured amount will be covered by CSAC -EIA. All workers compensation coverage from
July 1, 2015 forward will be provided by the Authority. Under the program, the District
has a $250,000 retention limit for workers compensation. The Authority covers workers
compensation claims in excess of the $250,000 retention limit up to $500,000. The Local
Agency Workers Compensation Excess Pool provides excess coverage to statutory
limits. The District pays an annual premium to the Authority and may share in any
surplus revenues or may be required to pay additional assessments based upon the
Authority's operating results.
CITY OF RANCHO CUCAMONGA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2015
Note 17: Subsequent Events (Continued)
2. On July 1, 2015, the City Council adopted Resolution No. 15 -115 authorizing the
issuance of special tax refunding bonds for various districts. The 2015 Special Tax
Refunding Bonds Various Communities Facilities Districts, in the principal amount of
$18,546,000, were issued on July 30, 2015.
3. On March 27, 2015, the State Department of Finance (DOF) denied certain debt service
payments for the ROPS15 -16A (July 1, 2015 — December 31, 2015) period resulting in
the nonpayment of the obligations subsequent to year end. These obligations are:
a. ROP15 -16A Item No. 42 — Northtown Housing Development Corporation (NHDC)
Pledge debt service payment in the amount of $700,000.
b. ROPS15 -16A Item No. 48 —California Housing Finance Agency (CHFA) debt service
payment in the amount of $169,600.
Staff provided additional documentation to the DOF resulting in the approval of these
payments in the ROPS15 -16B (January 1, 2016 - June 30, 2016) period, per the DOF's
November 13, 2015 email to the City. Payment is anticipated to occur in January 2016.
4. On October 12, 2015, the Costco note payable expired according to the agreement dated
July 18, 2002. The remaining balance as of the expiry date in the amount of $8,091,000
has been deemed forgiven. The ROPS 15 -16 debt service payments (approved by the
DOF) are anticipated to occur in January 2016 along with the interest and administrative
fees incurred relating to the default NHDC payment (pending approval by DOF by
December 17, 2015).
On November 13, 2015, the State Department of Finance (DOF) objected to the
Oversight Board Action of September 22, 2015 which made a finding that loans between
the former Rancho Cucamonga Redevelopment Agency (RDA) and the City of Rancho
Cucamonga (City) were for legitimate redevelopment purposes, and taking certain related
actions. As such, the loans (shown as advances from the City in Note 14) are not
enforceable obligations per the DOF. The City disagrees with the DOF's decision and
requested a Meet and Confer with DOF to dispute their decision. The Meet and Confer
occurred on November 24, 2015 where the DOF requested additional documentation and
a decision is expected December 15, 2015. Due to the uncertainty surrounding the
outcome of the Meet and Confer process in conjunction with consultation with the City's
legal counsel, management has determined that it would be prudent to write off the
majority of the City's advances to the Successor Agency as of June 30, 2015 in the
amount of $9,521,227. This results in the recognition of an extraordinary gain for the
Successor Agency and an extraordinary loss for the City in the amount of $9,521,227 for
the fiscal year ended June 30, 2015.
100
REQUIRED SUPPLEMENTARY
INFORMATION
101
THIS PAGE INTENTIONALLY LEFT BLANK
102
CITY OF RANCHO CUCAMONGA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2015
Budgetary Comparison Information
a. Budget Data
General Budaet Policies
The annual budget adopted by the City Council provides for the general operation of the City. It
includes proposed expenditures and the means of financing them. The City Council approves
each year's budget submitted by the City Manager prior to the beginning of the new fiscal year.
The Council conducts public hearings prior to its adoption, and when required during the period,
also approves supplemental appropriations. There were several supplemental appropriations
required during the year. A detailed mid -year review was conducted at which time a revised
budget was adopted. There were no significant non - budgeted financial activities during the year.
The City Council may transfer funds between funds or activities set forth in the budget. The City
Manager may transfer funds between line items within an appropriation as set forth in the budget
and may transfer appropriations between activities within any fund. The level of budgetary
control (that is the level at which expenditures cannot legally exceed the appropriated amount) is
established at the department level within the General Fund and at the function level for Special
Revenue Funds, Capital Project Funds and Debt Service Funds.
Basis of Budgeting
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. A reconciliation has been provided on the applicable schedule when the basis of
budgeting differs from GAAP.
b. For the fiscal year 2014 -2015, the following funds had no adopted annual budgets:
SB 140
Used Oil Recycling Grant
Library Services and Technologies Act
Energy Efficient and Conservation Block Grant
Cops Secure out Schools Grant
Drink, Drive, Lose Grant
Henderson /Wardman Drainage
Federal Grant Fund — Dreier
Library Impact Fee
Police Impact Fee
Animal Center Impact Fee
Park Land Acquisition
Assessment District 86 -2
CFD 2000 -01 South Etiwanda
CFD 2000 -03 Rancho Summit
CFD 2003 -01 Project Fund
Public Library Bond Act — 2000
These funds had no adopted budget due to the timing of the usage of these grants and capital
project funds. Money will be budgeted as needed based on specific projects.
103
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
GENERALFUND
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Transfers in
Proceeds from sale of capital asset
Amounts Available for Appropriations
Charges to Appropriations (Outflow):
General government
General overhead
Personnel overhead
City council
City management
City clerk
Administrative services
Business licenses
City facilities
Finance
Geographic information systems
Management information services
Personnel
Purchasing
Risk management
Treasury management
Records management
City telecommunications
Public safety - police
Sheriff contract services
Public safety - animal center
Animal center
Community development
Planning
Planning commission
Community improvement
Administration
Building and safety
Community services
Administration
Park and recreation commission
Engineering and public works
Engineering administration
Development management
NPDES
Project management
Traffic management
Park maintenance
Vehicle and equipment maintenance
Facilities maintenance
Street maintenance
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Transfers out
Extraordinary loss
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Variance with
Final Budget
Budget Amounts Actual Positive
Original
Final
Amounts
(Negative)
$ 109,192,476
$ 109,192,476
$ 109,192,476
$
56,325,300
59,122,240
60,564,721
1,442,481
3,833,610
3,754,600
3,919,093
164,493
519,540
547,430
390,032
(157,398)
3,839,360
2,885,400
3,250,622
365,222
1,001,730
1,191,120
1,166,514
(24,606)
1,172,440
1,117,890
1,402,246
284,356
45,430
66,520
35,658
(30,862)
2,527,230
2,982,370
3,167,846
185,476
1,185, 360
1,185, 360
1,185,360
-
54,630
50,070
22,721
(27,349)
179,697,106
182,095,476
184,297,289
2,201,813
2,341,500
2,572,510
2,205,870
366,640
428,530
2,537,890
2,454,781
83,109
12 5, 400
126,050
112,004
14,046
1,239, 960
1,196,240
1,069, 778
126,462
2,040
2,190
2,033
157
240,800
245,820
229,263
16,557
297,410
281,420
265,208
16,212
1,330, 530
1,295,140
1,100,534
194,606
1,176,310
1,134,830
968,424
166,406
418,170
433,470
348,482
84,988
2,050,470
2,185,440
2,008,113
177,327
484,490
527,240
482,024
45,216
383,310
223,330
165,330
58,000
184,240
187,350
158,050
29,300
16,070
10,220
11,343
(1,123)
489,720
391,870
343,708
48,162
353,930
326,040
283,890
42,150
32,093,710
31,878,040
31,222,586
655,454
2,809,120
2,825,560
2,745,903
79,657
2,057,500
3,463,038
2,963,079
499,959
16,630
16,730
15,774
956
748,680
505,930
439,042
66,888
574,660
580,920
493,771
87,149
1,826,410
1,811,830
1,710,484
101,346
4,739,540
4,683,350
4,217,656
465,694
3,500
3,270
2,624
646
474,080
469,390
447,862
21,528
712,790
672,420
622,810
49,610
414,320
372,170
359,251
12,919
464,010
456,390
412,363
44,027
149,670
136,070
112,343
23,727
2,829,980
2,830,660
2,497,580
333,080
1,006,770
944,250
887,274
56,976
3,620,910
3,607,820
3,153,678
454,142
2,465,040
2,491,190
2,359,046
132,144
1,674,960
2,112,510
1,442,225
670,285
104
13,750 14,790
2,481,260 2,468,450
72,740,170 76,021,828
$ 106,956,936 $ 106,073,648
8,885 5,905
5,572 (5,572)
2,676,405 (207,955)
9,521,226 (9,521,226)
80,526,274 (4,504,446)
103,771,015 $ (2,302,633)
2,379,738
$ 106,150,753
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CITYWIDE INFRASTRUCTURE IMPROVEMENT
YEAR ENDED JUNE 30, 2015
105
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$ 6,271,151
$ 6,271,151
$ 6,271,151
$ -
Resources (Inflows):
Intergovernmental
4,000,000
4,782,000
4,995,804
213,804
Use of money and property
62,370
84,020
116,460
32,440
Miscellaneous
-
5,898,270
6,028,318
130,048
Amounts Available for Appropriations
10,333,521
17,035,441
17,411,733
376,292
Charges to Appropriation (Outflow):
Engineering and public works
38,690
38,690
38,690
-
Capital outlay
870,000
2,085,530
836,939
1,248,591
Total Charges to Appropriations
908,690
2,124,220
875,629
1,248,591
Budgetary Fund Balance, June 30 (Budgetary Basis)
$ 9,424,831
$14,911,221
16,536,104
$ 1,624,883
Encumbrances
238,553
Budgetary Fund Balance, June 30 (GAAP Basis)
$16,774,657
105
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
HOUSING SUCCESSOR AGENCY
YEAR ENDED JUNE 30, 2015
Budget Amounts
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)
Budgetary Fund Balance, July 1 $119,789,418
$ 119,789,418
$ 119,789,418
$ -
Resources (Inflows):
Use of money and property -
14,270
397,884
383,614
Miscellaneous -
11,560
547,742
536,182
Extraordinary gain -
1,970,150
4,320,145
2,349,995
Amounts Available for Appropriations 119,789,418
121,785,398
125,055,189
3,269,791
Charges to Appropriation (Outflow):
Community development -
114,930
114,518
412
Capital outlay -
12,150
-
12,150
Total Charges to Appropriations -
127,080
114,518
12,562
Budgetary Fund Balance, June 30 (Budgetary Basis) $119,789,418
$ 121,658,318
124,940,671
$ 3,282,353
Encumbrances
3,000
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 124,943,671
1:
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
FIRE DISTRICT
YEAR ENDED JUNE 30, 2015
107
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1 as restated
$65,326,134
$ 65,326,134
$65,326,134
$ -
Resources (Inflows):
Taxes
34,265,390
34,928,560
35,551,660
623,100
Licenses and permits
47,340
24,880
23,095
(1,785)
Charges for services
78,820
27,860
23,564
(4,296)
Use of money and property
781,520
816,610
1,005,712
189,102
Fines and forfeitures
39,800
43,200
38,985
(4,215)
Contributions
3,000
-
-
-
Miscellaneous
773,690
1,098,200
1,151,702
53,502
Proceeds from sale of capital asset
-
1,560
1,457
(103)
Amounts Available for Appropriations
101,315,694
102,267,004
103,122,309
855,305
Charges to Appropriation (Outflow):
Public safety - fire protection
30,669,770
30,721,720
29,708,177
1,013,543
Capital outlay
3,626,000
9,501,410
8,203,085
1,298,325
Debt service:
Principal retirement
630,650
630,650
3,126
627,524
Interest and fiscal charges
173,930
173,930
174,061
(131)
Total Charges to Appropriations
35,100,350
41,027,710
38,088,449
2,939,261
Budgetary Fund Balance, June 30 (Budgetary Basis)
$66,215,344
$ 61,239,294
65,033,860
$ 3,794,566
Encumbrances
3,964,214
Budgetary Fund Balance, June 30 (GAAP Basis)
$68,998,074
107
CITY OF RANCHO CUCAMONGA
MISCELLANEOUS PLAN - AGENT MULTIPLE - EMPLOYER
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD (1) 2014
TOTAL PENSION LIABILITY
Service Cost
$
4,661,973
Interest
12,370,506
Benefit Payments, Including Refunds of Employee Contributions
(5,229,846)
Net Change in Total Pension Liability
11,802,633
Total Pension Liability - Beginning
165,224,012
Total Pension Liability - Ending (a)
$
177,026,645
PLAN FIDUCIARY NET POSITION
Contributions - Employer
$
3,520,721
Contributions - Employee
2,156,312
Net Investment Income (2)
21,772,350
Benefit Payments, Including Refunds of Employee Contributions
(5,229,846)
Net Change in Fiduciary Net Position
22,219,537
Plan Fiduciary Net Position - Beginning
124,692,088
Plan Fiduciary Net Position - Ending (b)
$
146,911,625
Plan Net Pension Liability /(Assets) - Ending (a) - (b)
$
30,115,020
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
82.99%
Covered - Employee Payroll
$
27,718,492
Plan Net Pension Liability /(Asset) as a Percentage of Covered -
Employee Payroll
108.65%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of
implementation, therefore only one year is shown.
(2) Net of administrative expenses.
Notes to Schedule:
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which
occurred after June 30, 2013. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service
Credit (a.k.a. Golden Handshakes).
Changes of Assumptions: There were no changes in assumptions.
108
CITY OF RANCHO CUCAMONGA
MISCELLANEOUS PLAN - AGENT MULTIPLE - EMPLOYER
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2013 -14
Actuarially Determined Contribution $ 3,520,721
Contribution in Relation to the Actuarially Determined Contribution (3,520,721)
Contribution Deficiency (Excess) $ -
Covered - Employee Payroll $ 27,718,492
Contributions as a Percentage of Covered - Employee Payroll 12.70%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of
implementation, therefore only one year is shown.
Note to Schedule:
Valuation Date:
Methods and assumptions used to determine contribution rates:
Actuarial cost method
Amortization method
Remaining amortization period
Assets valuation method
Inflation
Salary Increases
Investment rate of return
Retirement age
Mortality
109
June 30, 2013
Entry age normal
Level percentage of payroll, closed
15 years
5 -year smoothed market
2.75%
4.5% average, including inflation of 3.0%
7.50% net of pension investment and administrative
expenses, including inflation.
Minimum 50 years for tier 1, tier 2 and tier 3. Minimum 52
years for PEPRA.
The probabilities of mortality are based on the 2010
CalPERS Experience Study for the period from 1997 to
2007. Pre - retirement and post- retirement mortality rates
include 5 years of projected mortality improvement using
Scale AA published by the Society of Actuaries.
CITY OF RANCHO CUCAMONGA
COST SHARING MULTIPLE - EMPLOYER PLANS
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015
Proportion of the Net Pension Liability
Miscellaneous Tier 1 Plan
0.02156%
Miscellaneous Tier 2 Plan
0.00010%
Miscellaneous PEPRA
0.00000%
Safety Tier 1 Plan
0.31104%
Safety Tier 2 Plan
0.00027%
Safety PEPRA
0.00004%
Proportionate Share of the Net Pension Liability
Miscellaneous Tier 1 Plan
$ 1,341,679
Miscellaneous Tier 2 Plan
6,509
Miscellaneous PEPRA
6
Safety Tier 1 Plan
19,354,250
Safety Tier 2 Plan
16,928
Safety PEPRA
2,686
Covered - Employee Payroll
Miscellaneous Tier 1 Plan
$ 1,304,997
Miscellaneous Tier 2 Plan
155,601
Miscellaneous PEPRA
68,600
Safety Tier 1 Plan
9,776,194
Safety Tier 2 Plan
273,668
Safety PEPRA
247,941
$ 11,827,001
Proportionate Share of the Net Pension Liability as
Percentage of Covered - Employee Payroll
Miscellaneous Tier 1 Plan
102.81%
Miscellaneous Tier 2 Plan
4.18%
Miscellaneous PEPRA
0.01%
Safety Tier 1 Plan
197.97%
Safety Tier 2 Plan
6.19%
Safety PEPRA
1.08%
Total Miscellaneous Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
Miscellaneous Tier 1 Plan
83.03%
Miscellaneous Tier 2 Plan
83.03%
Miscellaneous PEPRA
83.33%
Safety Tier 1 Plan
81.42%
Safety Tier 2 Plan
81.42%
Safety PEPRA
81.42%
Notes to Schedule:
Benefit Changes: None.
Changes of Assumptions: None.
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of
implementation, therefore only one year is shown.
110
CITY OF RANCHO CUCAMONGA
COST SHARING MULTIPLE - EMPLOYER PLANS
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
Actuarially Determined Contributions
Miscellaneous Tier 1 Plan
Miscellaneous Tier 2 Plan
Miscellaneous PEPRA
Safety Tier 1 Plan
Safety Tier 2 Plan
Safety PEPRA
Contribution in Relation to the Actuarially Determined Contribution
Contribution Deficiency (Excess)
Covered - Employee Payroll
Contributions as a Percentage of Covered - Employee Payroll
2015
$ 19,064
16,491
2,057
2,492,748
62,540
26,019
(2,618,919)
$ 11,827,001
22.14%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year
of implementation, therefore only one year is shown.
Note to Schedule:
Valuation Date:
Methods and assumptions used to determine contribution rates:
Single and Agent Employers
Amortization method
Remaining amortization period
Assets valuation method
Inflation
Salary Increases
Investment rate of return
Retirement age
Mortality
111
June 30, 2013
Entry age normal
Straight Line
3.8 Years
Building -Block Method
2.75%
Varies by Entry Age and Service
7.50% net of pension plan investment expense,
including inflation
Minimum 50 years for miscellaneous tier 1,
miscellaneous tier 2, safety tier 1, safety tier 2, and
safety PEPRA. Minimum 52 years for miscellaneous
PEPRA
Derived using CalPERS' Membership Data for all Funds
CITY OF RANCHO CUCAMONGA
PARS RETIREMENT ENHANCEMENT PLAN
SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
MEASUREMENT PERIOD 2014
TOTAL PENSION LIABILITY
Service Cost
$
719,000
Interest
1,329,000
Benefit Payments, Including Refunds of Employee Contributions
(495,000)
Net Change in Total Pension Liability
1,553,000
Total Pension Liability - Beginning
20,790,000
Total Pension Liability - Ending (a)
$
22,343,000
PLAN FIDUCIARY NET POSITION
Contribution - Employer
$
497,000
Net Investment Income (2)
3,177,000
Benefit Payments, Including Refunds of Employee Contributions
(495,000)
Other Changes in Fiduciary Net Position
(33,000)
Net Change in Fiduciary Net Position
3,146,000
Plan Fiduciary Net Position - Beginning
24,536,000
Plan Fiduciary Net Position - Ending (b)
$
27,682,000
Plan Net Pension Liability /(Assets) - Ending (a) - (b)
$
(5,339,000)
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
123.90%
Covered - Employee Payroll
$
23,356,446
Plan Net Pension Liability /(Asset) as a Percentage of Covered -
Employee Payroll
- 22.86%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of
implementation, therefore only one year is shown.
(2) Net of administrative expenses.
Notes to Schedule:
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which
occurred after June 30, 2014.
Changes of Assumptions: There were no changes in assumptions.
112
CITY OF RANCHO CUCAMONGA
PARS RETIREMENT ENHANCEMENT PLAN
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2013 -14
Actuarially Determined Contribution $ 497,000
Contribution in Relation to the Actuarially Determined Contribution (497,000)
Contribution Deficiency (Excess) $ -
Covered - Employee Payroll (3) (4) $ 23,356,446
Contributions as a Percentage of Covered - Employee Payroll (3) 2.13%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of
implementation, therefore only one year is shown.
Note to Schedule:
Valuation Date:
Methods and assumptions used to determine contribution rates:
Actuarial cost method
Amortization method
Remaining amortization period
Assets valuation method
Inflation
Salary Increases
Investment rate of return
Retirement age
Mortality
113
June 30, 2014
Entry age
Level percentage of payroll, closed
15 years
5 -year rolling period
3.00%
4.5% average, including inflation of 3.0%
6.25% net of pension investment and administrative
expenses, including inflation.
The probabilities of retirement are based on the 2010
CalPERS Experience Study for the period from 1997 to
2007.
The probabilities of mortality are based on the 2010
CalPERS Expereince Study for the period from 1997 to
2007. Pre - retirement and post- retirement mortality rates
include 5 years of projected mortality improvement using
Scale AA published by the Society of Actuaries.
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114
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Special Revenue Funds
Special Revenue Funds account for revenues derived from specific sources which are required by law or
administrative regulation to be accounted for in a separated fund. Funds included are:
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.
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.
Lighting Districts Fund - Established to account for the costs associated with providing street lights.
Financing is provided by special assessments levied against the benefiting 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 benefiting property
owners.
Transportation 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.
Pedestrian Grant 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.
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 Fund — Established to account for Development Impact fees collected in
the San Sevaine /Etiwanda Drainage Assessment District for the construction of regional and mainline
flood control projects in that district.
SB 140 Fund - Established to account for the revenue and disbursement of State matching funds for the
construction of eligible street construction projects.
Air Quality Improvement Fund - Established to account for the revenue and disbursement of funds
received as a result of Assembly Bill 2766 which imposed an additional registration fee on motor vehicles.
These revenues are to be used to reduce air pollution from motor vehicles and for related planning,
monitoring, enforcement, and technical studies (Vehicle Code Section 9250.17 and Health and Safety
Code Chapter 7, Part 5 of Division 26, commencing with Section 44220).
115
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Special Revenue Funds
(Continued)
South Etiwanda Drainage Fund - Established to account for monies deposited by property owners for
initial consulting costs related to a possible formation of an assessment district for master planned
drainage facilities.
Lower Etiwanda Drainage Fund - Established to account for development impact fees collected in the
Etiwanda area south of Base Line Road for the construction of master plan storm drain projects.
Masi Commerce Center (Assessment District No. 93 -1) Fund - Established to acquire the necessary
infrastructure from the developer after the completion and acceptance of the approved improvements.
Financing was provided by the sale of bonds pursuant to the provisions of the Improvement Act of 1915.
Measure I Fund - Established to account for the revenue and disbursement of county /local gasoline tax
funds for the construction and maintenance of eligible street projects.
Library Services Fund - Established to account for services provided by the City of Rancho Cucamonga
Library. Funding for this service is made possible through a transfer of San Bernardino County library tax
revenues to the City of Rancho Cucamonga for library purposes. Some start -up costs were incurred
during 1993/94; however, full implementation of City library services did not begin until September 1994.
Proposition 84 — Park Bond Act Fund- Prop 84 provides state funding, on a competitive basis, to local
governments for the creation of new parks and recreation opportunities. The Statewide Park Program
legislation requires projects to meet six eligibility requirements. The fund was established to account for
the financial activities associated with the design and construction of the neighborhood park in southwest
Rancho Cucamonga.
Asset Forfeiture Fund - Established to account for the funds received from the Federal and State
government for the equitable transfer of forfeited property and cash in which the City directly participates
in the law enforcement efforts leading to the seizure and forfeiture of the property.
Used Oil Recycling Grant Fund - In 1991, the Legislature passed AB 2076, the California Oil Recovery
Enhancement Act. The act requires oil manufacturers to pay $0.04 to the California Integrated Waste
Management Board for each quart of lubricating oil sold in the State of California. These grant funds are
available to governmental agencies, based on population, for the purpose of establishing and
administering used oil collection programs. These funds must be used expressly for oil recycling
collection and educational programs.
COPS Program Grant Fund - Established to account for a grant awarded as the result of the approval of
State Assembly Bill 3229. The grant is a one -year award with no matching fund requirements.
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.
CA State Library Fund - This "Family Place" training grant from the California State Library provided
funding for two Library staff to attend a one -week training that will enable them to develop special
programs at the Biane Library and the Family Resource Center. This grant has no matching
requirements.
116
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Special Revenue Funds
(Continued)
Library Services and Technologies Act Fund - In fiscal year 1994/95, the City began providing library
services to the residents of Rancho Cucamonga. In the fall of 1994, the City opened the interim
municipal library facility with a 70,000 piece collection consisting of books, audio, video and reference
materials. The 22,000 square foot facility doubled the amount of space previously available through the
County system. The City's library collection and programs are designed to meet the needs of adults,
young adults and children of Rancho Cucamonga. Funding for the library system comes from current
taxes that are collected by the County for library services. The City's library system continues to operate
from these same tax dollars and does not receive any additional funding from the City's general fund.
AB 2928 Traffic Congestion Relief - Established fund to account for the revenue and disbursement of
funds received as a result of Assembly Bill 2928. The purpose of the Traffic Congestion Program was to
provide funding for transportation projects that would relieve congestion, connect transportation systems,
and provide for better goods movement.
Litter Reduction Grant Fund - Established to account for a grant from the State Department of
Conservation. This grant will fund a program that will emphasize the collection and recycling of beverage
containers at large venues, public areas, residential communities or schools.
Energy Efficient and Conservation Block Grant ( EECBG) Fund — Through the American Recovery and
Reinvestment Act of 2009, the U.S. Department of Energy issued formula -based grants under the
EECBG program. The grant funds received by the City funded the following activities: 1) Civic Center
Phase I — Replacement of HVAC Controls; 2) Home Improvement Program Energy Efficiency Revolving
Loan; 3) Energy Efficient Appliances, Electrical, and Mechanical Equipment Program; and 4) partial
funding for an Energy Efficiency Coordinator to oversee the City's efforts to reduce energy consumption
and conduct a public outreach campaign to promote energy efficiency.
Senior Outreach Grant Fund — This fund was established to account for funds passed through the
San Bernardino County Department of Aging and Adult Services from the California Department of Aging
to provide free recreation classes and programs for senior citizens in the City of Rancho Cucamonga.
These recreation activities focused on physical, social, psychological, educational, and recreational needs
of older persons. The City provided an in -kind match of $1,200 in the form of marketing, staff oversight,
and supplies.
Underground Utilities Fund — This fund was established to account for fees collected from developers for
future undergrounding of overhead utilities.
Safe Routes to School Program - The Safe Routes to School Program fund is a grant fund for monies
provided by the State of California. The state funds are administered through Caltrans as part of the
California Department of Health Services" "Safe Routes to School Program" and are available for
transportation projects that increase the safety of pedestrians and bicyclists.
COPS Hiring Program Grant — This is a multi -year grant awarded by U.S. Department of Justice to
provide partial supplementary funding to hire a new sworn officer. The grant must be used to enhance
community policing activities.
Foothill Boulevard Maintenance Fund - This fund was established to account for funding provided by
Cal Trans as part of their relinquishment of Foothill Boulevard to the City of Rancho Cucamonga. This
limited funding source will be utilized to repair and maintain portions of Foothill Boulevard.
117
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Special Revenue Funds
(Continued)
COPS Secure our School Grant Fund — This fund was established to account for the grant money use in
partnership with public schools to improve school safety.
CA State Library Staff Innovation Grant Fund — This fund was established to account for the grant money
awarded by California State Library. The purpose of the grant is to provide training for innovative writing
skills for future grant writers.
The Big Read Library Grant Fund — This fund was established to account for the grant money receiving
from the National Endowment for the Arts. The purpose of the grant is to emphasize a city wide media
campaign through guest lectures, group discussions, film showings, and a community theater
performance of a designated book.
Drink, Drive, Lose Grant Fund - This grant was awarded by the State of California Office of Traffic Safety
to provide supplementary funding for overtime costs incurred during sobriety checkpoints. The overall
goal of the project is to reduce the number of victims killed and injured as a result of alcohol - involved
crashes.
Department of Homeland Security Grant Fund - This grant from the State Homeland Security Grant
Program is administered by the San Bernardino County Office of Emergency Services. The grant is
funded by the Federal Department of Homeland Security. The funds will be utilized to purchase terrorism
and weapons of mass destruction (WMDs) response equipment and supplies in conjunction with an
appropriate level of training cost funding for national security. There are no matching funds required for
this grant.
Public Resource Grants Fund - The City had received and will continue to receive from various funding
sources for the Healthy Cities concept, which was adopted by the Council in March 2008, as a means of
integrating health concerns into a holistic approach to improving the overall quality of life in the
community."
Proposition 1 B Fund - Proposition 1 B (Prop 1 B) provides state funding to cities and counties to fund the
maintenance and improvement of local transportation facilities. The funding is allocated based on
population.
Henderson /Wardman Drainage Fund - The Henderson /Wardman Drainage fund is a developer impact fee
supported fund for the construction of storm drain improvements in the Henderson /Wardman drainage
area.
Integrated Waste Management Fund — Established to account for AB939 recycling fee revenues from the
City's refuse haulers and can only be used for the City's Household Hazardous Waste Disposal program.
Assembly Bill 939 is a law that was passed by the State of California that mandates that all cities divert a
specified percentage of their solid waste from their landfills in accordance with established deadlines.
Federal Grant Fund — Dreier - Initially, this fund was established to account for a $50,000 grant from
Congressman David Dreier. The funds were used to begin the preliminary design process for a new
senior center facility in Central Park. During FY 2003/04, the grant was supplemented with an additional
$804,000 from Congressman Dreier which will be used in conjunction with other funds to construct the
new senior center facility in Central Park.
118
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Special Revenue Funds
(Continued)
Proposition 42 - Traffic Congestion Relief Fund - This fund was established to account for gasoline sales
tax revenue received from the State of California for transportation purposes, including city and county
street and road repairs and maintenance. Proposition 42, a legislative constitutional amendment,
permanently dedicated revenues from this sales tax on gasoline to transportation infrastructure needs.
Freedom Courtyard Resource Grant — This fund was established to account for revenues and
expenditures strictly to support the operation and construction of the Freedom Courtyard.
Justice Assistance Grant Fund - Two Justice Assistance Grants (JAG) were awarded to the Police
Department by the United States Department of Justice. The first was in 2005 in the amount of
$30,833.00 to purchase police related equipment and technology. The second JAG grant was awarded
in 2006 in the amount of $19,514.00. This grant will be used to purchase 14 radar guns for the Police
Department's traffic division. This fund accounts for the revenues and expenditures associated with the
JAG grants.
Homeland Security Grant 2005 Fund - The City was awarded a $147,776 grant from the State Homeland
Security Grant Program administered by the San Bernardino County Office of Emergency Services. The
grant is funded by the Federal Department of Homeland Security. The funds will be utilized to purchase
terrorism and weapons of mass destruction (WMD's) response equipment and supplies in conjunction
with an appropriate level of training costs funding for national security. There are no matching funds
required for this grant.
Used Oil Recycling Program - The California Integrated Waste Management allocates funding to
governmental agencies on a population basis. The fund was established to administer the used oil
collection programs. The fund must be used specifically for oil recycling collection and educational
programs.
Library Impact Fee Fund - Established to account for a new type of impact fee for library facilities and
materials that should provide enough revenue to cover the cost of maintaining the existing level of service
as the City grows. These fees only apply to residential development.
Police Impact Fee Fund - Established to account for a new type of impact fee for Police facilities and
equipment. This impact fee applies to both residential and non - residential development in the City.
Animal Center Impact Fee Fund - Established to account for a new type of impact fee for the Animal
Center that should provide enough revenue to cover the cost of maintaining the existing level of service
as the City grows.
Park Land Acquisition Fund - Established to account for fees collected to acquire park land and to fund
neighborhood and community park improvements.
119
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Capital Projects Funds
Assessment District 82 -1 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 Assessment
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 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.
Community Facilities District 2000 -01 South Etiwanda Fund — Established to account for the receipt and
disbursement of funds used in the acquisition and construction of facilities consisting primarily of storm
drain, sewer, water, landscaping, park facilities and improvements. Financing was provided by the sale of
bonds under the Mello -Roos Community Facilities Act of 1982.
Community Facilities District 2000 -03 Rancho Summit Fund — Established to account for monies
deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
Community Facilities District 2001 -01 Fund - This CFD was established to fund the necessary
infrastructure (streets, storm drains, sewer, water, landscaping, and traffic signals) integral to the
proposed mall located at Foothill Blvd. and the 1 -15 Freeway. The improvements are located south of
Base Line Rd., primarily north of Foothill Blvd., primarily east of Day Creek Channel, and west of
Etiwanda Ave. Financing was provided by the sale of bonds under the Mello -Roos Community Facilities
Act of 1982.
Community Facilities 2003 -01 Project Fund — This CFD was established to fund the necessary
infrastructure (streets, storm drains, sewer, water, landscaping, and traffic signals) integral to the
proposed mall located at Foothill Blvd. and the 1 -15 Freeway. The improvements are generally bordered
on the north by Church Street, on the east by Interstate 15, on the south by Arrow Route and on the west
by a Southern California Edison easement from Arrow Route north to Foothill Boulevard and by Day
Creek Boulevard from Foothill Boulevard north to Church Street. Financing will be provided by the sale
of bonds under the Mello -Roos Community Facilities Act of 1982.
Public Library Bond Act 2000 Fund — This grant is from funds made available by the California Reading
and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2000 for the
construction of the Victoria Gardens Library.
Etiwanda Equestrian Facility — Established to account for monies paid by developers for the future
construction of an equestrian facility in the Rancho Etiwanda Estates development.
Community Facilities District 2004 -01 Rancho Etiwanda Fund — Established to account for monies
deposited by developers for initial consulting and administrative costs and expenses related to the
proposed public financing district. Financing was provided by the sale of bonds under the Mello -Roos
Community Facilities Act of 1982.
120
CITY OF RANCHO CUCAMONGA
Non -Major Governmental Funds
Capital Projects Funds
(Continued)
Community Facilities District 2003 -01 Cultural Center Fund - Established to account for the portion of the
costs associated with the development of the City's Cultural Arts Center that is being funded by
Community Facilities District (CFD) 2003 -01. Financing for the CFD will be provided by the sale of bonds
under the Mello -Roos Community Facilities Act of 1982.
Community Facilities District 2006 -01 Vintner's Grove Fund - Established to account for monies deposited
by developers for initial consulting and administrative costs and expenses related to a proposed public
financing district.
Community Facilities District 2006 -02 Amador on Route 66 Fund - Established to account for monies
deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
121
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Revenue Funds
122
Park
Gas Tax
Recreation
Development
Beautification
Assets:
Cash and investments
$
8,171,984
$
3,229,744
$ 14,180,899
$ 1,664,650
Receivables:
Accounts
1,973
35,618
-
-
Taxes
2
-
-
-
Accrued interest
3,338
1,316
23,857
701
Loans
-
-
-
-
Grants
-
-
-
-
Prepaid costs
-
31,685
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
8,177,297
$
3,298,363
$ 14,204,756
$ 1,665,351
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
983,437
$
337,601
$ 40,292
$ -
Accrued liabilities
48,034
109,964
3,944
-
Unearned revenues
-
57,544
-
-
Due to other governments
-
-
-
-
Due to other funds
-
-
3,154
Advances from other funds
-
-
300,000
-
Total Liabilities
1,031,471
505,109
344,236
3,154
Deferred Inflows of Resources:
Unavailable revenues
-
1,471
-
93,407
Total Deferred Inflows of Resources
-
1,471
-
93,407
Fund Balances:
Nonspendable:
Prepaid costs
-
31,685
-
-
Deposits
-
-
-
-
Land held for resale
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
-
-
13,860,520
-
Public safety - police
-
-
-
-
Parks and recreation
-
2,760,098
-
-
Engineering and public works
7,145,826
-
-
1,568,790
Capital improvement projects
-
-
-
-
Street lighting
-
-
-
-
Underground utilities
-
-
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
-
-
Unassigned
-
-
-
-
Total Fund Balances
71145,826
2,791,783
13,860,520
1,568,790
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
8,177,297
$
3,298,363
$ 14,204,756
$ 1,665,351
122
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
Revenue Funds
123
Landscape
Lighting
Maintenance
Pedestrian
Districts
Districts
Transportation
Grant
Assets:
Cash and investments
$
5,231,373
$
13,225,437
$
21,217,258
$
89,960
Receivables:
Accounts
38,457
39,425
-
160,938
Taxes
18,483
80,169
-
-
Accrued interest
2,106
5,674
35,682
-
Loans
-
-
-
-
Grants
-
-
4,567
Prepaid costs
-
750
-
-
Deposits
-
-
-
-
Due from other funds
-
-
5,126
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
5,290,419
$
13,351,455
$
21,258,066
$
255,465
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
199,113
$
733,296
$
2,011,744
$
-
Accrued liabilities
3,584
83,426
16,534
-
Unearned revenues
-
-
-
-
Due to other governments
-
-
-
Due to other funds
60,110
-
255,649
Advances from other funds
-
-
-
-
Total Liabilities
262,807
816,722
2,028,278
255,649
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
4,567
Total Deferred Inflows of Resources
-
-
4,567
Fund Balances:
Nonspendable:
Prepaid costs
-
750
-
Deposits
-
-
-
Land held for resale
-
-
-
Notes and loans
-
-
-
Restricted for:
Community development projects
-
-
-
Public safety - police
-
-
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
19,229,788
-
Capital improvement projects
-
-
-
-
Street lighting
5,027,612
-
-
-
Underground utilities
-
-
-
Landscape maintenance
-
12,533,983
-
-
Library services
-
-
-
Unassigned
-
-
-
(4,751)
Total Fund Balances
5,027,612
12,534,733
19,229,788
(4,751)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
5,290,419
$
13,351,455
$
21,258,066
$
255,465
123
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Loans
Grants
Prepaid costs
Deposits
Due from other funds
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable:
Prepaid costs
Deposits
Land held for resale
Notes and loans
Restricted for:
Community development projects
Public safety - police
Parks and recreation
Engineering and public works
Capital improvement projects
Street lighting
Underground utilities
Landscape maintenance
Library services
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
al Revenue Funds
Community
672,569
San Sevaine/
Development
Assessment
Etiwanda
Block Grant
Administration
Drainage SB 140
$ -
$ 681,404
$ 1,452,390 $ 36,693
-
38
- -
-
289
609 -
747,808
-
- -
527,547
-
- -
1,076,211
-
-
$ 1,452,999 $ 36,693
$ 2,351,566
$ 681,731
$ 57,561
$ 4,392
$ 495,000 $ -
11,140
4,770
- -
747,808
-
-
96,585
-
-
913,094
9,162
495,000 -
232,246
-
- -
232,246
-
-
1,076,211
130,015
672,569
957,999
36,693
1,206,226
672,569
957,999
36,693
$ 2,351,566 $
681,731
$ 1,452,999 $
36,693
124
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
Revenue Funds
125
South
Lower
Masi
Air Quality
Etiwanda
Etiwanda
Commerce
Improvement
Drainage
Drainage
Center
Assets:
Cash and investments
$ 459,483
$
632,588
$
596,094
$
10,758
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
-
Accrued interest
181
266
251
4
Loans
-
-
-
-
Grants
284,205
-
-
-
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
290,304
Total Assets
$ 743,869
$
632,854
$
596,345
$
301,066
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$ 9,955
$
-
Accrued liabilities
-
-
-
-
Unearned revenues
-
-
-
-
Due to other governments
-
-
-
-
Due to other funds
-
-
-
-
Advances from other funds
-
-
-
-
Total Liabilities
9,955
-
-
-
Deferred Inflows of Resources:
Unavailable revenues
200,000
-
-
-
Total Deferred Inflows of Resources
200,000
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Land held for resale
-
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
533,914
-
-
-
Public safety - police
-
-
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
632,854
596,345
-
Capital improvement projects
-
-
-
301,066
Street lighting
-
-
-
-
Underground utilities
-
-
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
-
-
Unassigned
-
-
-
-
Total Fund Balances
533,914
632,854
596,345
301,066
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 743,869
$
632,854
$
596,345
$
301,066
125
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Revenue Funds
126
Proposition
Library
84 - Park Bond
Asset
Measure I
Services
Act
Forfeiture
Assets:
Cash and investments
$
6,175,391
$
7,866,154
$
$
416,521
Receivables:
Accounts
-
839
-
Taxes
334,862
52,692
-
Accrued interest
8,958
3,342
173
Loans
-
-
-
Grants
-
-
Prepaid costs
-
906
Deposits
-
-
Due from other funds
-
Land held for resale
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
Total Assets
$
6,519,211
$
7,923,933
$ -
$
416,694
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
103,145
$
85,683
$ 49,944
$
5,140
Accrued liabilities
5,728
91,008
-
-
Unearned revenues
-
2,481
Due to other governments
-
-
-
Due to other funds
-
118,143
Advances from other funds
-
-
-
-
Total Liabilities
108,873
179,172
168,087
5,140
Deferred Inflows of Resources:
Unavailable revenues
83,285
-
-
-
Total Deferred Inflows of Resources
83,285
-
Fund Balances:
Nonspendable:
Prepaid costs
-
906
Deposits
-
-
Land held for resale
-
Notes and loans
-
-
-
Restricted for:
Community development projects
-
-
-
Public safety - police
-
-
411,554
Parks and recreation
-
-
-
Engineering and public works
6,327,053
-
Capital improvement projects
-
857,276
Street lighting
-
-
Underground utilities
-
Landscape maintenance
-
-
Library services
-
6,886,579
Unassigned
-
-
(168,087)
-
Total Fund Balances
6,327,053
7,744,761
(168,087)
411,554
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
6,519,211
$
7,923,933
$ -
$
416,694
126
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
Revenue Funds
127
Used Oil
Recycling
COPS
Drainage
CA State
Grant
Program Grant
Facilities
Library
Assets:
Cash and investments
$
15,605
$
631,624
$
4,134,114
$
88,905
Receivables:
Accounts
-
-
-
-
Taxes
-
-
Accrued interest
-
1,736
Loans
-
-
-
Grants
-
49,917
Prepaid costs
-
-
Deposits
-
Due from other funds
-
Land held for resale
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
15,605
$
681,541
$
4,135,850
$
88,905
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$
42,242
$
6,925
$
1,232
Accrued liabilities
-
-
693
420
Unearned revenues
15,605
-
-
45,745
Due to other governments
-
-
Due to other funds
-
Advances from other funds
-
-
-
-
Total Liabilities
15,605
42,242
7,618
47,397
Deferred Inflows of Resources:
Unavailable revenues
-
-
5,102
-
Total Deferred Inflows of Resources
-
5,102
Fund Balances:
Nonspendable:
Prepaid costs
-
-
Deposits
-
Land held for resale
-
Notes and loans
-
Restricted for:
Community development projects
-
-
Public safety - police
-
639,299
Parks and recreation
-
-
-
Engineering and public works
-
4,123,130
Capital improvement projects
-
-
Street lighting
-
Underground utilities
-
Landscape maintenance
-
-
Library services
-
41,508
Unassigned
-
-
-
-
Total Fund Balances
-
639,299
4,123,130
41,508
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
15,605
$
681,541
$
4,135,850
$
88,905
127
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
128
Special Revenue Funds
Library
AB 2928
Energy
Services &
Traffic
Litter
Efficient &
Technologies
Congestion
Reduction
Conservation
Act
Relief
Grant
Block Grant
Assets:
Cash and investments
$
37,063
$ 294,438
$
67,411
$ 724
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
Accrued interest
-
-
-
-
Loans
-
-
-
357,020
Grants
-
-
-
-
Prepaid costs
-
-
-
Deposits
-
-
-
Due from other funds
-
-
-
Land held for resale
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
37,063
$ 294,438
$
67,411
$ 357,744
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$ -
$
6,713
$ -
Accrued liabilities
-
-
189
820
Unearned revenues
-
-
60,503
-
Due to other governments
-
-
-
357,020
Due to other funds
-
-
-
-
Advances from other funds
-
-
-
-
Total Liabilities
-
-
67,405
357,840
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
-
Total Deferred Inflows of Resources
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
Deposits
-
-
-
Land held for resale
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
-
-
6
Public safety - police
-
-
-
Parks and recreation
-
-
-
Engineering and public works
-
294,438
-
Capital improvement projects
-
-
-
Street lighting
-
-
-
Underground utilities
-
-
-
Landscape maintenance
-
-
-
Library services
37,063
-
-
-
Unassigned
-
-
-
(96)
Total Fund Balances
37,063
294,438
6
(96)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
37,063
$ 294,438
$
67,411
$ 357,744
128
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
al Revenue Funds
129
Senior
Safe Routes
Outreach
Underground
to School
COPS Hiring
Grant
Utilities
Program
Program Grant
Assets:
Cash and investments
$
-
$
11,634,402
$ -
$ -
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
-
Accrued interest
-
19,541
-
-
Loans
-
-
-
-
Grants
6,427
-
233,786
6,250
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
6,427
$
11,653,943
$ 233,786
$ 6,250
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$
-
$ 84,402
$ -
Accrued liabilities
-
-
2,476
-
Unearned revenues
-
-
-
-
Due to other governments
-
-
-
-
Due to other funds
6,427
-
146,908
6,250
Advances from other funds
-
-
-
-
Total Liabilities
6,427
-
233,786
6,250
Deferred Inflows of Resources:
Unavailable revenues
5,267
-
233,786
-
Total Deferred Inflows of Resources
5,267
-
233,786
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Land held for resale
-
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
-
-
-
-
Public safety - police
-
-
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
-
-
-
-
Street lighting
-
-
-
-
Underground utilities
-
11,653,943
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
-
-
Unassigned
(5,267)
-
(233,786)
-
Total Fund Balances
(5,267)
11,653,943
(233,786)
-
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
6,427
$
11,653,943
$ 233,786
$ 6,250
129
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
130
Special Revenue Funds
CA State
COPS Secure
Library Staff
Foothill Blvd.
Our Schools
Innovation
The Big Read
Maintenance
Grant
Fund Grant
Library Grant
Assets:
Cash and investments
$ -
$
12,042
$ 193,427
$ 15,135
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
-
Accrued interest
-
-
92
-
Loans
-
-
-
-
Grants
-
-
-
-
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$ -
$
12,042
$ 193,519
$ 15,135
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$ -
$
-
$ 671
$ -
Accrued liabilities
-
-
5,207
-
Unearned revenues
-
12,042
163,806
5,134
Due to other governments
-
-
-
-
Due to other funds
1,413
-
-
-
Advances from other funds
-
-
-
-
Total Liabilities
1,413
12,042
169,684
5,134
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
-
Total Deferred Inflows of Resources
-
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Land held for resale
-
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
-
-
-
-
Public safety - police
-
-
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
-
-
-
-
Street lighting
-
-
-
-
Underground utilities
-
-
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
23,835
10,001
Unassigned
(1,413)
-
-
-
Total Fund Balances
(1,413)
-
23,835
10,001
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ -
$
12,042
$ 193,519
$ 15,135
130
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
Special Revenue Funds
131
Department of
Public
Drink, Drive,
Homeland
Resource
Proposition
Lose Grant
Security Grant
Grants
1B
Assets:
Cash and investments
$ 15,351
$ 105,612
$
-
$
237,908
Receivables:
Accounts
-
-
101,292
-
Taxes
-
-
-
-
Accrued interest
-
-
-
100
Loans
-
-
-
-
Grants
-
-
89,866
Prepaid costs
-
601
-
Deposits
-
-
-
Due from other funds
-
-
-
Land held for resale
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$ 15,351
$ 106,213
$
191,158
$
238,008
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$ -
$ -
$
157,193
$
Accrued liabilities
-
-
3,333
Unearned revenues
13,574
84,432
-
Due to other governments
-
-
-
Due to other funds
-
-
30,753
Advances from other funds
-
-
-
Total Liabilities
13,574
84,432
191,279
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
Total Deferred Inflows of Resources
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
601
-
Deposits
-
-
-
Land held for resale
-
-
-
Notes and loans
-
-
-
Restricted for:
Community development projects
-
-
-
Public safety - police
1,777
21,180
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
-
238,008
Capital improvement projects
-
-
-
-
Street lighting
-
-
-
Underground utilities
-
-
-
Landscape maintenance
-
-
-
Library services
-
-
-
Unassigned
-
-
(121)
-
Total Fund Balances
1,777
21,781
(121)
238,008
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 15,351
$ 106,213
$
191,158
$
238,008
131
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
132
Special Revenue Funds
Proposition
Henderson/
Integrated
42 - Traffic
Wardman
Waste
Federal Grant
Congestion
Drainage
Management
Fund - Dreier
Relief
Assets:
Cash and investments
$
983,361
$ 2,013,998
$ 13,545
$ 311,693
Receivables:
Accounts
-
-
-
-
Taxes
-
394,436
-
Accrued interest
-
855
169
Loans
-
-
-
Grants
-
-
Prepaid costs
-
-
-
Deposits
-
15,000
-
Due from other funds
-
-
-
Land held for resale
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
983,361
$ 2,424,289
$ 13,545
$ 311,862
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$ 5,511
$ 13,545
$ -
Accrued liabilities
-
27,782
-
-
Unearned revenues
-
-
-
Due to other governments
-
-
Due to other funds
-
-
Advances from other funds
-
-
-
-
Total Liabilities
-
33,293
13,545
-
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
-
Total Deferred Inflows of Resources
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
Deposits
-
15,000
-
Land held for resale
-
-
-
Notes and loans
-
-
Restricted for:
Community development projects
-
-
Public safety - police
-
-
Parks and recreation
-
-
-
Engineering and public works
983,361
2,375,996
311,862
Capital improvement projects
-
-
-
Street lighting
-
-
Underground utilities
-
-
Landscape maintenance
-
-
Library services
-
-
Unassigned
-
-
-
Total Fund Balances
983,361
2,390,996
-
311,862
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
983,361
$ 2,424,289
$ 13,545
$ 311,862
132
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
133
Special Revenue Funds
Freedom
Courtyard
Justice
Homeland
Used Oil
Resource
Assistance
Security Grant
Recycling
Grants
Grant
2005
Program
Assets:
Cash and investments
$
2,148
$
30,506
$ -
$
39,116
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
-
Accrued interest
-
-
-
-
Loans
-
-
-
-
Grants
-
-
59,482
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
-
Land held for resale
-
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$
2,148
$
30,506
$ 59,482
$
39,116
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$
-
$ -
$
3
Accrued liabilities
-
-
-
820
Unearned revenues
2,063
28,131
-
38,502
Due to other governments
-
-
-
-
Due to other funds
-
-
59,482
Advances from other funds
-
-
-
-
Total Liabilities
2,063
28,131
59,482
39,325
Deferred Inflows of Resources:
Unavailable revenues
-
-
59,482
-
Total Deferred Inflows of Resources
-
-
59,482
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Land held for resale
-
-
-
-
Notes and loans
-
-
-
-
Restricted for:
Community development projects
85
-
-
-
Public safety - police
-
2,375
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
-
-
-
-
Street lighting
-
-
-
-
Underground utilities
-
-
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
-
-
Unassigned
-
-
(59,482)
(209)
Total Fund Balances
85
2,375
(59,482)
(209)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
2,148
$
30,506
$ 59,482
$
39,116
133
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Loans
Grants
Prepaid costs
Deposits
Due from other funds
Land held for resale
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable:
Prepaid costs
Deposits
Land held for resale
Notes and loans
Restricted for:
Community development projects
Public safety - police
Parks and recreation
Engineering and public works
Capital improvement projects
Street lighting
Underground utilities
Landscape maintenance
Library services
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
Revenue Funds
Library Police Impact Animal Center Park Land
Impact Fee Fee Impact Fee Acquisition
$ 106,880 $ 47,859 $ 23,020 $ 3,220
42 19 9 1
- 47,878 23,029 -
- - 3,221
106,922 -
V,JLL IV J,VLJ
$ 106,922 $ 47,878 $ 23,029 $ 3,221
134
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
135
Capital Projects Funds
CFD 2000 -01
Assessment
Assessment
Assessment
South
District 82 -1
District 84 -1
District 86 -2
Etiwanda
Assets:
Cash and investments
$ 12,950
$ 1,104,718
$ -
$ 76
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
-
Accrued interest
5
465
-
-
Loans
-
-
-
Grants
-
-
-
Prepaid costs
-
-
-
-
Deposits
-
-
-
-
Due from other funds
-
-
-
Land held for resale
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
-
-
Total Assets
$ 12,955
$ 1,105,183
$ -
$ 76
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
-
Accrued liabilities
-
-
-
Unearned revenues
-
-
Due to other governments
-
Due to other funds
-
41,128
Advances from other funds
-
-
Total Liabilities
-
-
41,128
Deferred Inflows of Resources:
Unavailable revenues
-
-
Total Deferred Inflows of Resources
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
-
Deposits
-
-
Land held for resale
-
-
Notes and loans
-
-
Restricted for:
Community development projects
-
-
-
-
Public safety - police
-
-
-
-
Parks and recreation
-
-
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
12,955
1,105,183
-
76
Street lighting
-
-
-
-
Underground utilities
-
-
-
-
Landscape maintenance
-
-
-
-
Library services
-
-
-
-
Unassigned
-
-
(41,128)
-
Total Fund Balances
12,955
1,105,183
(41,128)
76
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 12,955
$ 1,105,183
$ -
$ 76
135
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Projects Funds
136
CFD 2000 -03
Public Library
Rancho
CFD 2003 -01
Bond Act -
Summit
CFD 2001 -01
Project Fund
2000
Assets:
Cash and investments
$ -
$
488,139
$ 5,581
$
32,664
Receivables:
Accounts
-
-
-
-
Taxes
-
-
-
Accrued interest
-
206
-
Loans
-
-
-
Grants
-
-
Prepaid costs
-
-
Deposits
-
-
Due from other funds
-
-
Land held for resale
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
-
169,332
-
Total Assets
$ -
$
488,345
$ 174,913
$
32,664
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$ -
$
$ -
$
6,128
Accrued liabilities
-
-
-
Unearned revenues
-
-
26,534
Due to other governments
-
-
-
Due to other funds
-
-
Advances from other funds
-
-
-
Total Liabilities
-
-
32,662
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
Total Deferred Inflows of Resources
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
Deposits
-
-
Land held for resale
-
-
Notes and loans
-
-
Restricted for:
Community development projects
-
-
Public safety - police
-
-
Parks and recreation
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
-
488,345
174,913
2
Street lighting
-
-
-
-
Underground utilities
-
-
Landscape maintenance
-
-
Library services
-
-
Unassigned
-
-
-
-
Total Fund Balances
-
488,345
174,913
2
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ -
$
488,345
$ 174,913
$
32,664
136
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015 (CONTINUED)
137
Capital Projects Funds
Etiwanda
CFD 2004 -01
CFD 2003 -01
CFD 2006 -01
Equestrian
Rancho
Cultural
Vintner's
Facility
Etiwanda
Center
Grove
Assets:
Cash and investments
$
664,938
$
5,035
$
$
1,842
Receivables:
Accounts
-
-
-
Taxes
-
-
-
Accrued interest
279
1
-
Loans
-
-
-
Grants
-
-
-
Prepaid costs
-
-
-
Deposits
-
-
-
Due from other funds
-
-
-
Land held for resale
-
-
-
Restricted assets:
Cash and investments with fiscal agents
-
87,849
184,676
606,871
Total Assets
$
665,217
$
92,885
$ 184,676
$
608,713
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$
-
$
-
$
$
-
Accrued liabilities
-
-
-
Unearned revenues
-
-
-
Due to other governments
-
-
-
Due to other funds
-
-
179,628
-
Advances from other funds
-
-
-
-
Total Liabilities
-
-
179,628
-
Deferred Inflows of Resources:
Unavailable revenues
-
-
-
-
Total Deferred Inflows of Resources
-
-
-
Fund Balances:
Nonspendable:
Prepaid costs
-
-
-
Deposits
-
-
-
Land held for resale
-
-
-
Notes and loans
-
-
-
Restricted for:
Community development projects
-
-
-
Public safety - police
-
-
-
Parks and recreation
-
-
-
Engineering and public works
-
-
-
-
Capital improvement projects
665,217
92,885
5,048
608,713
Street lighting
-
-
-
-
Underground utilities
-
-
-
Landscape maintenance
-
-
-
Library services
-
-
-
Unassigned
-
-
-
-
Total Fund Balances
665,217
92,885
5,048
608,713
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$
665,217
$
92,885
$ 184,676
$
608,713
137
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2015
Capital
Project Funds
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
CFD 2006 -02
Total Nonmajor
- 419,872
Amador on
Governmental
Due to other governments
Route 66
Funds
Assets:
Advances from other funds
- 300,000
Cash and investments
$ 5,988
$ 108,719,819
Receivables:
Unavailable revenues
- 918,613
Accounts
-
378,580
Taxes
-
880,644
Accrued interest
2
110,269
Loans
-
1,104,828
Grants
-
1,262,047
Prepaid costs
-
33,942
Deposits
-
15,000
Due from other funds
-
5,126
Land held for resale
-
1,076,211
Restricted assets:
Underground utilities
- 11,653,943
Cash and investments with fiscal agents
1,964
1,340,996
Total Assets
$ 7,954
$ 114,927,462
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
$ - $ 5,440,868
Accrued liabilities
- 419,872
Unearned revenues
- 556,096
Due to other governments
- 1,104,828
Due to other funds
- 1,005,630
Advances from other funds
- 300,000
Total Liabilities
- 8,827,294
Deferred Inflows of Resources:
Unavailable revenues
- 918,613
Total Deferred Inflows of Resources
- 918,613
Fund Balances:
Nonspendable:
Prepaid costs
- 33,942
Deposits
- 15,000
Land held for resale
- 1,076,211
Notes and loans
- -
Restricted for:
Community development projects
- 15,197,109
Public safety - police
- 1,147,092
Parks and recreation
- 2,763,319
Engineering and public works
- 43,864,144
Capital improvement projects
7,954 5,277,632
Street lighting
- 5,027,612
Underground utilities
- 11,653,943
Landscape maintenance
- 12,533,983
Library services
- 7,105,908
Unassigned
- (514,340)
Total Fund Balances
7,954 105,181,555
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 7,954 $ 114,927,462
138
THIS PAGE INTENTIONALLY LEFT BLANK
139
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Special Revenue Funds
140
Park
Gas Tax
Recreation
Development
Beautification
Revenues:
Taxes
$ -
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
4,478,743
-
17,365
-
Charges for services
-
2,694,882
-
-
Use of money and property
75,390
1,112,443
142,391
15,479
Contributions
-
278,167
-
-
Developer participation
-
-
2,438,815
323,152
Miscellaneous
3,927
175,241
-
-
Total Revenues
4,558,060
4,260,733
2,598,571
338,631
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
-
79,014
-
Community services
-
3,983,672
-
-
Engineering and public works
2,540,259
-
-
670
Capital outlay
1,684,380
-
162,838
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
4,224,639
3,983,672
241,852
670
Excess (Deficiency) of Revenues
Over (Under) Expenditures
333,421
277,061
2,356,719
337,961
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
(431,390)
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
(431,390)
-
-
-
Net Change in Fund Balances
(97,969)
277,061
2,356,719
337,961
Fund Balances, Beginning of Year
7,243,795
2,514,722
11,503,801
1,230,829
Fund Balances, End of Year
$ 7,145,826
$ 2,791,783
$ 13,860,520
$ 1,568,790
140
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
al Revenue Funds
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
431,390 298,930 - -
431,390 298,930
(202,304) 467,584
665,816 86,209
5,229,916 12,067,149 18,563,972 (90,960)
$ 5,027,612 $ 12,534,733 $ 19,229,788 $ (4,751)
141
Landscape
Lighting
Maintenance
Pedestrian
Districts
Districts
Transportation
Grant
Revenues:
Taxes
$ 2,025,834
$ 10,086,142
$ - $
-
Licenses and permits
-
302,550
-
-
Intergovernmental
-
164,832
2,542
250,899
Charges for services
-
14,895
-
-
Use of money and property
50,400
170,355
256,255
-
Contributions
-
50,000
-
-
Developer participation
1,638
-
7,609,389
-
Miscellaneous
-
1,844
110,145
-
Total Revenues
2,077,872
10,790,618
7,978,331
250,899
Expenditures:
Current:
General government
2,711,566
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
9,904,511
-
-
Community services
-
-
-
-
Engineering and public works
-
-
958,769
-
Capital outlay
-
717,453
6,353,746
164,690
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
2,711,566
10,621,964
7,312,515
164,690
Excess (Deficiency) of Revenues
Over (Under) Expenditures
(633,694)
168,654
665,816
86,209
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
431,390 298,930 - -
431,390 298,930
(202,304) 467,584
665,816 86,209
5,229,916 12,067,149 18,563,972 (90,960)
$ 5,027,612 $ 12,534,733 $ 19,229,788 $ (4,751)
141
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Special Revenue Funds
Community
San Sevaine/
Development
Assessment
Etiwanda
Block Grant
Administration
Drainage
SB 140
Revenues:
Taxes
$ -
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
823,267
-
-
-
Charges for services
-
-
-
Use of money and property
-
7,252
14,711
3
Contributions
-
-
-
-
Developer participation
-
-
289,207
-
Miscellaneous
60,823
998,760
-
-
Total Revenues
884,090
1,006,012
303,918
3
Expenditures:
Current:
General government
-
1,132,147
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
422,778
-
-
-
Community services
-
-
-
-
Engineering and public works
-
-
550
-
Capital outlay
323,538
-
617,978
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
746,316
1,132,147
618,528
-
Excess (Deficiency) of Revenues
Over (Under) Expenditures
137,774
(126,135)
(314,610)
3
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
137,774
(126,135)
(314,610)
3
Fund Balances, Beginning of Year
1,068,452
798,704
1,272,609
36,690
Fund Balances, End of Year
$ 1,206,226
$ 672,569
$ 957,999
$ 36,693
142
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
al Revenue Funds
143
South
Lower
Masi
Air Quality
Etiwanda
Etiwanda
Commerce
Improvement
Drainage
Drainage
Center
Revenues:
Taxes
$ -
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
296,993
-
-
-
Charges for services
-
-
-
-
Use of money and property
4,194
5,112
6,277
98
Contributions
-
-
-
-
Developer participation
-
321,585
63,754
-
Miscellaneous
-
-
-
-
Total Revenues
301,187
326,697
70,031
98
Expenditures:
Current:
General government
20,594
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
-
-
-
Community services
-
-
-
-
Engineering and public works
-
90
140
-
Capital outlay
240,995
-
-
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
261,589
90
140
-
Excess (Deficiency) of Revenues
Over (Under) Expenditures
39,598
326,607
69,891
98
Other Financing Sources (Uses):
Transfers in
19,464
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
19,464
-
-
-
Net Change in Fund Balances
59,062
326,607
69,891
98
Fund Balances, Beginning of Year
474,852
306,247
526,454
300,968
Fund Balances, End of Year
$ 533,914
$ 632,854
$ 596,345
$ 301,066
143
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
144
Special Revenue Funds
Proposition
Library
84 - Park Bond
Asset
Measure I
Services
Act
Forfeiture
Revenues:
Taxes
$ -
$ 3,739,719
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
2,549,511
8,170
30,346
15,279
Charges for services
-
427,740
-
-
Use of money and property
69,229
71,045
-
4,880
Contributions
-
155,000
-
-
Developer participation
-
-
-
-
Miscellaneous
-
-
-
-
Total Revenues
2,618,740
4,401,674
30,346
20,159
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
-
-
48,620
Public safety - fire protection
-
-
-
-
Community development
-
-
16,989
-
Community services
-
3,778,740
-
-
Engineering and public works
1,249,867
-
-
-
Capital outlay
1,509,299
156,259
177,067
13,780
Debt service:
Principal retirement
-
8,093
-
-
Interest and fiscal charges
-
2,049
-
-
Total Expenditures
2,759,166
3,945,141
194,056
62,400
Excess (Deficiency) of Revenues
Over (Under) Expenditures
(140,426)
456,533
(163,710)
(42,241)
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
(140,426)
456,533
(163,710)
(42,241)
Fund Balances, Beginning of Year
6,467,479
7,288,228
(4,377)
453,795
Fund Balances, End of Year
$ 6,327,053
$ 7,744,761
$ (168,087)
$ 411,554
144
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
ial Revenue Funds
Used Oil
Recycling COPS Drainage CA State
Grant Program Grant Facilities Library
- 280,162 - 102,057
- 46 44,636 7
- 932,012 -
280,208 976,648 102,064
108,876 - -
- - - 61,000
- - 75,503 -
- 198,682 928,432 5,383
aui,330 -1,uus,as3 oo,.sas
- (27,350) (27,287) 35,681
(27,350) (27,287) 35,681
666,649 4,150,417 5,827
$ - $ 639,299 $ 4,123,130 $ 41,508
145
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
146
Special Revenue Funds
Library
AB 2928
Energy
Services &
Traffic
Litter
Efficient &
Technologies
Congestion
Reduction
Conservation
Act
Relief
Grant
Block Grant
Revenues:
Taxes
$ -
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
-
-
49,810
-
Charges for services
-
-
-
Use of money and property
3
22
5
-
Contributions
-
-
-
-
Developer participation
-
-
-
-
Miscellaneous
-
-
-
-
Total Revenues
3
22
49,815
-
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
-
-
-
Community services
-
-
-
-
Engineering and public works
-
90
49,822
-
Capital outlay
-
-
-
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
-
90
49,822
-
Excess (Deficiency) of Revenues
Over (Under) Expenditures
3
(68)
(7)
-
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
3
(68)
(7)
-
Fund Balances, Beginning of Year
37,060
294,506
13
(96)
Fund Balances, End of Year
$ 37,063
$ 294,438
$ 6
$ (96)
146
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
al Revenue Funds
Senior Safe Routes
Outreach Underground to School COPS Hiring
Grant Utilities Program Program Grant
5,768 - 269,455 32,500
- 133,030 - -
- 127,371 - -
5,fbd ZbU,4U'I ZbU,455 31,5UU
- - - 157,500
7,010 - - -
- 12,950 161,150 -
7,010 12,950 161,150 157,500
(1,242) 247,451 108,305 (125,000)
125,000
125,000
(1,242) 247,451 108,305 -
(4,025) 11,406,492 (342,091) -
$ (1,267) $ 11,653,943 $ (233,786) $ -
147
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Special Revenue Funds
CA State
COPS Secure Library Staff
Foothill Blvd. Our Schools Innovation The Big Read
Maintenance Grant Fund Grant Library Grant
- - 176,758 20,680
- - 2,831 1
179,589 20,681
- - 176,758 20,080
1,770 - - -
1, //V - 1 /V, /JO LV,VOV
(1,770) - 2,831 601
(1,770) - 2,831 601
357 - 21,004 9,400
$ (1,413) $ - $ 23,835 $ 10,001
148
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
al Revenue Funds
149
Department of
Public
Drink, Drive, Homeland
Resource
Proposition
Lose Grant Security Grant
Grants
1B
Revenues:
Taxes
$ - $ -
$ -
$ -
Licenses and permits
- -
-
-
Intergovernmental
- 68,895
73,168
-
Charges for services
- -
-
-
Use of money and property
- 8
-
2,486
Contributions
- -
243,590
-
Developer participation
- -
-
-
Miscellaneous
- -
525
-
Total Revenues
- 68,903
317,283
2,486
Expenditures:
Current:
General government
- -
344,642
-
Public safety - police
- -
-
-
Public safety - fire protection
- 47,122
-
-
Community development
- -
-
70
Community services
- -
-
-
Engineering and public works
- -
-
-
Capital outlay
- -
-
-
Debt service:
Principal retirement
- -
-
-
Interest and fiscal charges
- -
-
-
Total Expenditures
- 47,122
344,642
70
Excess (Deficiency) of Revenues
Over (Under) Expenditures
- 21,781
(27,359)
2,416
Other Financing Sources (Uses):
Transfers in
- -
-
-
Transfers out
- -
-
-
Contributions from other governments
- -
-
-
Total Other Financing Sources
(Uses)
- -
-
-
Net Change in Fund Balances
- 21,781
(27,359)
2,416
Fund Balances, Beginning of Year
1,777 -
27,238
235,592
Fund Balances, End of Year
$ 1,777 $ 21,781
$ (121)
$ 238,008
149
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Special Revenue Funds
Proposition
Henderson/
Integrated
42 - Traffic
Wardman
Waste
Federal Grant
Congestion
Drainage
Management
Fund - Dreier
Relief
Revenues:
Taxes
$ -
$ 1,181,580
$ -
$ -
Licenses and permits
-
950
-
-
Intergovernmental
-
-
-
-
Charges for services
-
-
-
Use of money and property
72
19,966
-
3,425
Contributions
-
-
-
-
Developer participation
62,464
-
-
-
Miscellaneous
-
29,944
-
-
Total Revenues
62,536
1,232,440
-
3,425
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
-
-
-
Community services
-
-
-
-
Engineering and public works
-
1,129,829
-
450
Capital outlay
-
2,180
-
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
-
1,132,009
-
450
Excess (Deficiency) of Revenues
Over (Under) Expenditures
62,536
100,431
-
2,975
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
62,536
100,431
-
2,975
Fund Balances, Beginning of Year
920,825
2,290,565
-
308,887
Fund Balances, End of Year
$ 983,361
$ 2,390,996
$ -
$ 311,862
150
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
al Revenue Funds
151
Freedom
Courtyard
Justice
Homeland
Used Oil
Resource
Assistance
Security Grant
Recycling
Grants
Grant
2005
Program
Revenues:
Taxes $
-
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
-
15,584
28,979
9,230
Charges for services
-
-
-
-
Use of money and property
60
(3)
-
(160)
Contributions
-
-
-
-
Developer participation
-
-
-
-
Miscellaneous
-
-
-
-
Total Revenues
60
15,581
28,979
9,070
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
15,584
9,120
-
Public safety - fire protection
-
-
-
-
Community development
-
-
-
2,733
Community services
-
-
-
-
Engineering and public works
-
-
-
-
Capital outlay
-
-
-
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
-
15,584
9,120
2,733
Excess (Deficiency) of Revenues
Over (Under) Expenditures
60
(3)
19,859
6,337
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
60
(3)
19,859
6,337
Fund Balances, Beginning of Year
25
2,378
(79,341)
(6,546)
Fund Balances, End of Year $
85
$ 2,375
$ (59,482)
$ (209)
151
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Special Revenue Funds
Library Impact
Police Impact
Animal Center
Park Land
Fee
Fee
Impact Fee
Acquisition
Revenues:
Taxes
$ -
$ -
$ -
$ -
Licenses and permits
-
-
-
-
Intergovernmental
-
-
-
-
Charges for services
106,649
47,769
22,974
Use of money and property
273
109
55
-
Contributions
-
-
-
-
Developer participation
-
-
-
3,221
Miscellaneous
-
-
-
-
Total Revenues
106,922
47,878
23,029
3,221
Expenditures:
Current:
General government
-
-
-
-
Public safety - police
-
-
-
-
Public safety - fire protection
-
-
-
-
Community development
-
-
-
-
Community services
-
-
-
-
Engineering and public works
-
-
-
-
Capital outlay
-
-
-
-
Debt service:
Principal retirement
-
-
-
-
Interest and fiscal charges
-
-
-
-
Total Expenditures
-
-
-
-
Excess (Deficiency) of Revenues
Over (Under) Expenditures
106,922
47,878
23,029
3,221
Other Financing Sources (Uses):
Transfers in
-
-
-
-
Transfers out
-
-
-
-
Contributions from other governments
-
-
-
-
Total Other Financing Sources
(Uses)
-
-
-
-
Net Change in Fund Balances
106,922
47,878
23,029
3,221
Fund Balances, Beginning of Year
-
-
-
-
Fund Balances, End of Year
$ 106,922
$ 47,878
$ 23,029
$ 3,221
152
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
Capital Projects Funds
CFD 2000 -01
Assessment Assessment Assessment South
Revenues:
Taxes
$ -
$ -
Licenses and permits
-
- - -
Intergovernmental
-
- - -
Charges for services
-
- -
Use of money and property
119
11,562 - -
Contributions
-
- - -
Developer participation
-
- - -
Miscellaneous
-
- - -
Total Revenues
119
11,562 - -
Expenditures:
Current:
General government
-
2,420 - -
Public safety - police
-
- - -
Public safety - fire protection
-
- - -
Community development
-
- - -
Community services
-
- - -
Engineering and public works
-
- - -
Capital outlay
-
- - -
Debt service:
Principal retirement
-
- - -
Interest and fiscal charges
-
- - -
Total Expenditures
-
2,420 - -
Excess (Deficiency) of Revenues
Over (Under) Expenditures
119
9,142 - -
Other Financing Sources (Uses):
Transfers in
-
- - -
Transfers out
-
- - -
Contributions from other governments
-
- - -
Total Other Financing Sources
(Uses)
-
- - -
Net Change in Fund Balances
119
9,142 - -
Fund Balances, Beginning of Year
12,836
1,096,041 (41,128) 76
Fund Balances, End of Year
$ 12,955
$ 1,105,183 $ (41,128) $ 76
153
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
CFD 2000 -03
Rancho
Capital Projects Funds
Public Library
CFD 2003 -01 Bond Act -
CFD 2001 -01 Project Fund
5,093 17
(5)
- 140 - -
140
- 4,953
17 (5)
(19,087) - - -
(19,087) - - -
(19,087) 4,953 17 (5)
19,087 483,392 174,896 7
$ - $ 488,345 $ 174,913 $ 2
154
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015 (CONTINUED)
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Capital Projects Funds
Etiwanda CFD 2004 -01 CFD 2003 -01 CFD 2006 -01
Equestrian Rancho Cultural Vintner's
Facility Etiwanda Center Grove
6,969 57 19 59
6.000 - - -
12,969 57 19 59
- 99,971 - -
- 99,971 - -
12,969 (99,914) 19 59
12,969
(99,914)
19
59
652,248
192,799
5,029
608,654
$ 665,217
$ 92,885 $
5,048
$ 608,713
155
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENTS OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Developer participation
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety - police
Public safety - fire protection
Community development
Community services
Engineering and public works
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Contributions from other governments
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
156
Capital
Project Funds
CFD 2006 -02
Amador on
47
47
Total
Nonmajor
Governmental
$ 17,033,275
303,500
9,770,993
3,447,939
2,230,664
726,757
12,051,237
1,381,209
46,945,574
4,211,369
339,700
47,122
10,426,235
8,027,260
6,281,880
13,256,700
8,093
2,049
42,600,408
4,345,166
874,784
(431,390)
(19,087)
424,307
47 4,769,473
7,907 100,412,082
$ 7,954 $ 105,181,555
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
GAS TAX
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Transfers out
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget
Original
$ 7,243,795
Amounts Actual
Final Amounts
$ 7,243,795 $ 7,243,795
Variance with
Final Budget
Positive
(Negative)
4,469,450
5,070,350
4,478,743
(591,607)
58,910
79,400
75,390
(4,010)
-
-
3,927
3,927
11,772,155
12,393,545
11,801,855
(591,690)
2,640,640
2,734,460
2,553,250
181,210
2,050,640
3,171,960
2,509,730
662,230
322,490
431,390
431,390
-
5,013,770
6,337,810
5,494,370
843,440
$ 6,758,385 $ 6,055,735
157
6,307,485 $ 251,750
WIR '1d 1
$ 7,145,826
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
RECREATION
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Charges for services
Use of money and property
Contributions
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community services
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
$2,294,082 $ 2,431,462
158
2,770,959 $ 339,497
9n R9d
$ 2,791,783
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$2,514,722
$ 2,514,722
$ 2,514,722
$ -
2,950,150
2,781,010
2,694,882
(86,128)
930,680
947,040
1,112,443
165,403
282,580
279,900
278,167
(1,733)
203,600
202,410
175,241
(27,169)
6,881,732
6,725,082
6,775,455
50,373
4,558,650
4,293,620
4,004,496
289,124
29,000
-
-
-
4,587,650
4,293,620
4,004,496
289,124
$2,294,082 $ 2,431,462
158
2,770,959 $ 339,497
9n R9d
$ 2,791,783
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PARK DEVELOPMENT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Developer participation
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Variance with
$11,764,651 $ 12,673,281
159
13,841,967 $ 1,168,686
18,553
$13,860,520
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$11,503,801
$ 11,503,801
$11,503,801
$ -
-
17,370
17,365
(5)
115,650
141,260
142,391
1,131
693,030
1,511,000
2,438,815
927,815
12,312,481
13,173,431
14,102,372
928,941
135,580
86,859
86,809
50
412,250
413,291
173,596
239,695
547,830
500,150
260,405
239,745
$11,764,651 $ 12,673,281
159
13,841,967 $ 1,168,686
18,553
$13,860,520
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
BEAUTIFICATION
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Developer participation
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
670 670
400,000 400,000
400,670 400,670
$ 840,279 $ 1,077,169
160
670 -
- 400,000
670 400,000
1,568,790 $ 491,621
a 1,300,1UU
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$1,230,829
$ 1,230,829
$ 1,230,829
$ -
10,120
16,010
15,479
(531)
-
231,000
323,152
92,152
1,240,949
1,477,839
1,569,460
91,621
670 670
400,000 400,000
400,670 400,670
$ 840,279 $ 1,077,169
160
670 -
- 400,000
670 400,000
1,568,790 $ 491,621
a 1,300,1UU
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
LIGHTING DISTRICTS
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Taxes
Use of money and property
Developer participation
Transfers in
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
General government
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
$5,215,556 $ 5,192,826 5,027,612 $ (165,214)
Budgetary Fund Balance, June 30 (GAAP Basis) $ 5,027,612
161
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$5,229,916
$ 5,229,916
$ 5,229,916
$ -
1,985,830
2,025,400
2,025,834
434
48,660
57,240
50,400
(6,840)
2,920
1,350
1,638
288
322,490
431,390
431,390
-
7,589,816
7,745,296
7,739,178
(6,118)
2,374,260
2,552,470
2,711,566
(159,096)
2,374,260
2,552,470
2,711,566
(159,096)
$5,215,556 $ 5,192,826 5,027,612 $ (165,214)
Budgetary Fund Balance, June 30 (GAAP Basis) $ 5,027,612
161
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
LANDSCAPE MAINTENANCE DISTRICTS
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Contributions
Miscellaneous
Transfers in
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
162
333,231
$12,534,733
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$12,067,149
$12,067,149
$12,067,149
$ -
9,931,040
10,069,080
10,086,142
17,062
234,540
270,000
302,550
32,550
-
164,830
164,832
2
-
15,100
14,895
(205)
131,340
173,910
170,355
(3,555)
50,000
50,000
50,000
-
1,240
2,540
1,844
(696)
301,440
298,930
298,930
-
22,716,749
23,111,539
23,156,697
45,158
10,903,620
11,453,030
10,206,215
1,246,815
648,070
782,480
748,980
33,500
11,551,690
12,235,510
10,955,195
1,280,315
$11,165,059
$10,876,029
12,201,502
$ 1,325,473
162
333,231
$12,534,733
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
TRANSPORTATION
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Developer participation
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget Amounts Actual
Original Final Amounts
$18,563,972
$18,563,972 $18,563,972
Variance with
Final Budget
Positive
(Negative)
-
2,540
2,542
2
163,480
266,780
256,255
(10,525)
750,000
6,703,490
7,609,389
905,899
-
83,450
110,145
26,695
19,477,452
25,620,232
26,542,303
922,071
1,098,130
1,046,010
958,769
87,241
2,268,000
8,793,770
7,651,206
1,142,564
3,366,130
9,839,780
8,609,975
1,229,805
$16,111,322 $15,780,452
163
17,932,328 $ 2,151,876
fiflZ!ti1Gfo1
$19,229,788
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PEDESTRIAN GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget Amounts Actual
Original Final Amounts
$ (90,960) $ (90,960) $ (90,960)
250,899
(90,960) (90,960) 159,939
Variance with
Final Budget
Positive
(Negative)
250,899
250,899
74,600 246,080 231,714 14,366
74,600 246,080 231,714 14,366
$ (165,560) $ (337,040) (71,775) $ 265,265
67,024
$ (4,751)
164
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
COMMUNITY DEVELOPMENT BLOCK GRANT
YEAR ENDED JUNE 30, 2015
165
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$1,068,452
$ 1,068,452
$ 1,068,452
$ -
Resources (Inflows):
Intergovernmental
862,700
862,700
823,267
(39,433)
Miscellaneous
350,000
350,000
60,823
(289,177)
Amounts Available for Appropriations
2,281,152
2,281,152
1,952,542
(328,610)
Charges to Appropriation (Outflow):
Community development
438,800
423,970
422,778
1,192
Capital outlay
939,560
954,390
323,538
630,852
Total Charges to Appropriations
1,378,360
1,378,360
746,316
632,044
Budgetary Fund Balance, June 30 (Budgetary Basis)
$ 902,792
$ 902,792
1,206,226
$ 303,434
Encumbrances
-
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 1,206,226
165
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
ASSESSMENT ADMINISTRATION
YEAR ENDED JUNE 30, 2015
.^
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$ 798,704
$ 798,704
$ 798,704
$ -
Resources (Inflows):
Use of money and property
7,990
8,110
7,252
(858)
Miscellaneous
1,049,170
1,049,170
998,760
(50,410)
Amounts Available for Appropriations
1,855,864
1,855,984
1,804,716
(51,268)
Charges to Appropriation (Outflow):
General government
1,132,020
1,155,270
1,132,147
23,123
Total Charges to Appropriations
1,132,020
1,155,270
1,132,147
23,123
Budgetary Fund Balance, June 30 (Budgetary Basis)
$ 723,844
$ 700,714
672,569
$ (28,145)
Encumbrances
-
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 672,569
.^
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
SAN SEVAINE / ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2015
167
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$1,272,609
$ 1,272,609
$ 1,272,609
$ -
Resources (Inflows):
Use of money and property
13,410
15,760
14,711
(1,049)
Developer participation
30,000
299,790
289,207
(10,583)
Amounts Available for Appropriations
1,316,019
1,588,159
1,576,527
(11,632)
Charges to Appropriation (Outflow):
Engineering and public works
550
550
550
-
Capital outlay
-
617,980
617,978
2
Total Charges to Appropriations
550
618,530
618,528
2
Budgetary Fund Balance, June 30 (Budgetary Basis)
$1,315,469
$ 969,629
957,999
$ (11,630)
Encumbrances
-
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 957,999
167
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
AIR QUALITY IMPROVEMENT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Transfers in
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
General government
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 678,852 $ 322,192
168
424,221 $ 102,029
109,693
$ 533,914
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 474,852
$ 474,852
$ 474,852
$ -
224,730
209,940
296,993
87,053
4,890
4,490
4,194
(296)
-
19,470
19,464
(6)
704,472
708,752
795,503
86,751
25,620
24,410
21,914
2,496
-
362,150
349,368
12,782
25,620
386,560
371,282
15,278
$ 678,852 $ 322,192
168
424,221 $ 102,029
109,693
$ 533,914
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
SOUTH ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Developer participation
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
90 90
90 90
$ 309,227 $ 609,877
169
90 -
90 -
632,854 $ 22,977
$ 632,854
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 306,247
$ 306,247
$ 306,247
$ -
3,070
4,740
5,112
372
-
298,980
321,585
22,605
309,317
609,967
632,944
22,977
90 90
90 90
$ 309,227 $ 609,877
169
90 -
90 -
632,854 $ 22,977
$ 632,854
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
LOWER ETIWANDA DRAINAGE
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Developer participation
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
140 140
140 140
$ 531,544 $ 596,854
170
140 -
140 -
596,345 $ (509)
$ 596,345
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 526,454
$ 526,454
$ 526,454
$ -
5,230
6,790
6,277
(513)
-
63,750
63,754
4
531,684
596,994
596,485
(509)
140 140
140 140
$ 531,544 $ 596,854
170
140 -
140 -
596,345 $ (509)
$ 596,345
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
MASI COMMERCE CENTER
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
171
$ 301,066
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 300,968
$ 300,968
$ 300,968
$ -
100
120
98
(22)
301,068
301,088
301,066
(22)
$ 301,068
$ 301,088
301,066
$ (22)
171
$ 301,066
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
MEASUREI
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
$6,180,619 $ 5,469,119
172
5,767,041 $ 297,922
560,012
$ 6,327,053
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 6,467,479
$ 6,467,479
$ 6,467,479
$ -
2,621,000
2,501,660
2,549,511
47,851
52,910
72,970
69,229
(3,741)
9,141,389
9,042,109
9,086,219
44,110
1,207,270
1,271,540
1,275,848
(4,308)
1,753,500
2,301,450
2,043,330
258,120
2,960,770
3,572,990
3,319,178
253,812
$6,180,619 $ 5,469,119
172
5,767,041 $ 297,922
560,012
$ 6,327,053
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
LIBRARY SERVICES
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Taxes
Intergovernmental
Charges for services
Use of money and property
Contributions
Miscellaneous
Transfers in
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community services
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Transfers out
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
173
53,593
$ 7,744,761
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$7,288,228
$ 7,288,228
$ 7,288,228
$ -
3,500,780
3,706,312
3,739,719
33,407
15,000
20,000
8,170
(11,830)
387,500
387,800
427,740
39,940
48,800
72,980
71,045
(1,935)
150,000
140,000
155,000
15,000
420
420
-
(420)
-
2,600,000
-
(2,600,000)
11,390,728
14,215,740
11,689,902
(2,525,838)
4,211,520
4,243,220
3,779,992
463,228
220,000
220,000
208,600
11,400
10,500
11,050
8,093
2,957
-
-
2,049
(2,049)
-
2,600,000
-
2,600,000
4,442,020
7,074,270
3,998,734
3,075,536
$6,948,708
$ 7,141,470
7,691,168
$ 549,698
173
53,593
$ 7,744,761
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PROPOSITION 84 - PARK BOND ACT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget Amounts
Original Final
$ (4,377) $ (4,377)
Actual
Amounts
$ (4,377)
Variance with
Final Budget
Positive
(Negative)
283,500
390,290
30,346
(359,944)
279,123
385,913
25,969
(359,944)
5,000
38,720
27,912
10,808
283,500
351,570
351,564
6
288,500
390,290
379,476
10,814
$ (9,377)
$ (4,377)
(353,507)
$ (349,130)
174
185,420
$ (168,087)
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
ASSET FORFEITURE
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public safety - Police
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
175
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 453,795
$ 453,795
$ 453,795
$ -
-
15,280
15,279
(1)
1,160
4,420
4,880
460
454,955
473,495
473,954
459
48,950
48,950
48,620
330
131,580
27,770
27,559
211
180,530
76,720
76,179
541
$ 274,425
$ 396,775
397,775
$ 1,000
13,779
$ 411,554
175
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
COPS PROGRAM GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public safety - Police
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
176
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 666,649
$ 666,649
$ 666,649
$ -
200,000
200,000
280,162
80,162
-
-
46
46
866,649
866,649
946,857
80,208
201,470
139,480
108,876
30,604
70,000
235,120
235,117
3
271,470
374,600
343,993
30,607
$ 595,179
$ 492,049
602,864
$ 110,815
36,435
$ 639,299
176
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
DRAINAGE FACILITIES
YEAR ENDED JUNE 30, 2015
177
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$4,150,417
$ 4,150,417
$ 4,150,417
$ -
Resources (Inflows):
Use of money and property
38,820
49,250
44,636
(4,614)
Developer participation
280,000
1,087,550
932,012
(155,538)
Amounts Available for Appropriations
4,469,237
5,287,217
5,127,065
(160,152)
Charges to Appropriation (Outflow):
Engineering and public works
101,050
98,000
75,503
22,497
Capital outlay
150,000
1,039,150
942,754
96,396
Total Charges to Appropriations
251,050
1,137,150
1,018,257
118,893
Budgetary Fund Balance, June 30 (Budgetary Basis)
$4,218,187
$ 4,150,067
4,108,808
$ (41,259)
Encumbrances
14,322
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 4,123,130
177
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CA STATE LIBRARY
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community services
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis) $ 41,508
178
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 5,827
$ 5,827
$ 5,827
$ -
-
108,430
102,057
(6,373)
-
-
7
7
5,827
114,257
107,891
(6,366)
18,520
103,040
61,000
42,040
-
5,390
5,383
7
18,520
108,430
66,383
42,047
$ (12,693)
$ 5,827
41,508
$ 35,681
Budgetary Fund Balance, June 30 (GAAP Basis) $ 41,508
178
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
AB 2928 TRAFFIC CONGESTION RELIEF
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
179
Budget Amounts
Original Final
$ 294,506 $ 294,506
Variance with
Final Budget
Actual Positive
Amounts (Negative)
$ 294,506 $ -
- - 22 22
294,506 294,506 294,528 22
90 90 90 -
90 90 90 -
$ 294,416 $ 294,416 294,438 $ 22
$ 294,438
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
LITTER REDUCTION GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
180
$ 6
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 13
$ 13
$ 13
$ -
44,300
54,050
49,810
(4,240)
-
-
5
5
44,313
54,063
49,828
(4,235)
44,250
54,050
49,822
4,228
44,250
54,050
49,822
4,228
$ 63
$ 13
6
$ (7)
180
$ 6
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
SENIOR OUTREACH GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Parks and recreation
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
181
% to,col)
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ (4,025)
$ (4,025)
$ (4,025)
$ -
6,920
6,920
5,768
(1,152)
2,895
2,895
1,743
(1,152)
7,010
7,010
7,010
-
7,010
7,010
7,010
-
$ (4,115)
$ (4,115)
(5,267)
$ (1,152)
181
% to,col)
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
UNDERGROUND UTILITIES
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Charges for services
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget
Original
$11,406,492
Amounts Actual
Final Amounts
$ 11,406,492 $11,406,492
Variance with
Final Budget
Positive
(Negative)
100,000
50,000
133,030
83,030
108,920
132,130
127,371
(4,759)
11,615,412
11,588,622
11,666,893
78,271
12,950
12,950
12,950
-
655,570
100,000
-
100,000
668,520
112,950
12,950
100,000
$10,946,892
$ 11,475,672
11,653,943
$ 178,271
182
$11,653,943
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
SAFE ROUTES TO SCHOOL PROGRAM
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
$ (342,091) $ (342,091) $ (342,091) $ -
344,010 269,455 (74,555)
(342,091) 1,919 (72,636) (74,555)
243,700 269,070 161,150 107,920
90,800 90,800 - 90,800
334,500 359,870 161,150 198,720
$ (676,591) $ (357,951) (233,786) $ 124,165
Budgetary Fund Balance, June 30 (GAAP Basis) $ (233,786)
183
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
COPS HIRING PROGRAM GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Transfers in
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public safety
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
$ (820) $ -
184
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
39,720
32,500
32,500
-
116,960
125,000
125,000
-
156,680
157,500
157,500
-
157,500
157,500
157,500
-
157,500
157,500
157,500
-
$ (820) $ -
184
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
FOOTHILL BLVD. MAINTENANCE
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
185
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
1,770 1,770 1,770
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CA STATE LIBRARY STAFF INNOVATION FUND GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Parks and recreation
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
$ (47,186) $ 21,004
::
23,835 $ 2,831
$ 23,835
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 21,004
$ 21,004
$ 21,004
$ -
-
196,820
176,758
(20,062)
-
3,140
2,831
(309)
21,004
220,964
200,593
(20,371)
68,190
199,960
176,758
23,202
68,190
199,960
176,758
23,202
$ (47,186) $ 21,004
::
23,835 $ 2,831
$ 23,835
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
THE BIG READ LIBRARY GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Parks and recreation
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Variance with
Final Budget
Budget Amounts
Actual
Original
Final
Amounts
$ 9,400
$ 9,400
$ 9,400 $
-
20,090
20,680
-
-
1
9,400
29,490
30,081
20,080
20,090
20,080
20,080
20,090
20,080
$ (10,680)
$ 9,400
10,001 $
187
Positive
(Negative)
590
1
591
10
10
601
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
DEPARTMENT OF HOMELAND SECURITY GRANT
YEAR ENDED JUNE 30, 2015
188
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$ -
$ -
$ -
$ -
Resources (Inflows):
Intergovernmental
49,760
56,070
68,895
12,825
Use of money and property
-
-
8
8
Amounts Available for Appropriations
49,760
56,070
68,903
12,833
Charges to Appropriation (Outflow):
Public safety - fire protection
49,760
36,360
47,122
(10,762)
Total Charges to Appropriations
49,760
36,360
47,122
(10,762)
Budgetary Fund Balance, June 30 (Budgetary Basis)
$ -
$ 19,710
21,781
$ 2,071
Encumbrances
-
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 21,781
188
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PUBLIC RESOURCE GRANTS
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Contributions
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
General government
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
189
:1) (IZI)
Variance with
Final Budget
Budget
Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 27,238
$ 27,238
$ 27,238
$ -
63,170
63,170
73,168
9,998
332,110
332,110
243,590
(88,520)
-
-
525
525
422,518
422,518
344,521
(77,997)
407,770
436,200
344,642
91,558
407,770
436,200
344,642
91,558
$ 14,748
$ (13,682)
(121)
$ 13,561
189
:1) (IZI)
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PROPOSITION 1B
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
fu fu
$ 237,882 $ 238,252
190
70 -
Z- 50'uuo zo tL44)
.p LJO,VVO
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original Final
Amounts
(Negative)
$ 235,592 $ 235,592
$ 235,592
$ -
2,360 2,730
2,486
(244)
237,952 238,322
238,078
(244)
fu fu
$ 237,882 $ 238,252
190
70 -
Z- 50'uuo zo tL44)
.p LJO,VVO
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
INTEGRATED WASTE MANAGEMENT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Taxes
Licenses and permits
Use of money and property
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
191
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$2,290,565
$ 2,290,565
$ 2,290,565
$ -
1,137,190
1,249,000
1,181,580
(67,420)
-
1,500
950
(550)
17,340
21,260
19,966
(1,294)
-
24,000
29,944
5,944
3,445,095
3,586,325
3,523,005
(63,320)
1,165,160
1,228,440
1,132,173
96,267
5,000
5,000
5,000
-
1,170,160
1,233,440
1,137,173
96,267
$2,274,935
$ 2,352,885
2,385,832
$ 32,947
5,164
$ 2,390,996
191
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
PROPOSITION 42 - TRAFFIC CONGESTION MITIGATION
YEAR ENDED JUNE 30, 2015
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 308,887 $ 308,887 $ 308,887 $ -
Resources (inflows):
Use of money and property
Miscellaneous
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Engineering and public works
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
5,280 3,640 3,425 (215)
- 89,960 - (89,960)
314,167 402,487 312,312 (90,175)
450 450 450
109,000 109,000 109,000
109,450 109,450 109,450
$ 204,717 $ 293,037 202,862
109,000
$ 311,862
192
$ (90,175)
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
FREEDOM COURTYARD RESOURCE GRANT
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Budget Amounts
Original Final
$ 25 $
25
Variance with
Final Budget
_ Actual Positive
_ Amounts (Negative)
25 $ 25 $ -
45
$ 25 $ 45
193
85 40
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
JUSTICE ASSISTANCE GRANT
YEAR ENDED JUNE 30, 2015
194
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
$ 2,378
$ 2,378
$ 2,378
$ -
Resources (Inflows):
Intergovernmental
23,460
23,460
15,584
(7,876)
Use of money and property
70
-
(3)
(3)
Amounts Available for Appropriations
25,908
25,838
17,959
(7,879)
Charges to Appropriation (Outflow):
Public safety
110
15,610
15,584
26
Capital outlay
23,460
-
-
-
Total Charges to Appropriations
23,570
15,610
15,584
26
Budgetary Fund Balance, June 30 (Budgetary Basis)
$ 2,338
$ 10,228
2,375
$ (7,853)
Encumbrances
-
Budgetary Fund Balance, June 30 (GAAP Basis)
$ 2,375
194
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
HOMELAND SECURITY GRANT 2005
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public safety
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
$ (79,341) $ (79,341) $ (79,341) $ -
t1y,s41) (Iv,cc1) Pv,aoc) iy,oDy
20 9,120 9,120 -
zu y,lzu y,lzu -
$ (79,361) $ (79,341) (59,482) $ 19,859
195
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
USED OIL RECYCLING PROGRAM
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Intergovernmental
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Public works
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis) $ (209)
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ (6,546)
$ (6,546)
$ (6,546)
$ -
48,230
52,280
9,230
(43,050)
-
-
(160)
(160)
41,684
45,734
2,524
(43,210)
48,180
52,280
2,733
49,547
48,180
52,280
2,733
49,547
$ (6,496)
$ (6,546)
(209)
$ 6,337
Budgetary Fund Balance, June 30 (GAAP Basis) $ (209)
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
ASSESSMENT DISTRICT 82 -1
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
197
$ 12,955
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 12,836
$ 12,836
$ 12,836
$ -
120
150
119
(31)
12,956
12,986
12,955
(31)
$ 12,956
$ 12,986
12,955
$ (31)
197
$ 12,955
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
ASSESSMENT DISTRICT 84 -1
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
General government
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
198
$ 1,105,183
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$1,096,041
$ 1,096,041
$ 1,096,041
$ -
11,010
12,690
11,562
(1,128)
1,107,051
1,108,731
1,107,603
(1,128)
2,420
2,420
2,420
-
2,420
2,420
2,420
-
$1,104,631
$ 1,106,311
1,105,183
$ (1,128)
198
$ 1,105,183
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CFD 2001 -01
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Community development
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
140 140
$ 488,102 $ 488,852
199
140 -
488,345 $ (507)
$ 488,345
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original Final
Amounts
(Negative)
$ 483,392 $ 483,392
$ 483,392
$ -
4,850 5,600
5,093
(507)
488,242 488,992
488,485
(507)
140 140
$ 488,102 $ 488,852
199
140 -
488,345 $ (507)
$ 488,345
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE
ETIWANDA EQUESTRIAN FACILITY
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Developer participation
Amounts Available for Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
200
$ 665,217
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 652,248
$ 652,248
$ 652,248
$ -
-
7,610
6,969
(641)
-
6,000
6,000
-
652,248
665,858
665,217
(641)
$ 652,248
$ 665,858
665,217
$ (641)
200
$ 665,217
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CFD 2004 -01 RANCHO ETIWANDA
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Public works
Capital outlay
Bond issuance costs
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
201
$ 92,885
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 192,799
$ 192,799
$ 192,799
$ -
50
60
57
(3)
192,849
192,859
192,856
(3)
-
-
99,971
(99,971)
500,000
-
-
-
500,000
-
99,971
(99,971)
$ (307,151)
$ 192,859
92,885
$ (99,974)
201
$ 92,885
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CFD 2003 -01 CULTURAL CENTER
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
202
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 5,029
$ 5,029
$ 5,029
$ -
-
-
19
19
5,029
5,029
5,048
19
5,000
5,000
-
5,000
5,000
5,000
-
5,000
$ 29
$ 29
5,048
$ 5,019
$ 5,048
202
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CFD 2006 -01 VINTNER'S GROVE
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Charges to Appropriation (Outflow):
Capital outlay
Total Charges to Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
203
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
$ 608,654
$ 608,654
$ 608,654
$ -
10
20
59
39
608,664
608,674
608,713
39
100,000
100,000
-
100,000
100,000
100,000
-
100,000
$ 508,664
$ 508,674
608,713
$ 100,039
$ 608,713
203
CITY OF RANCHO CUCAMONGA
BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS)
CFD 2006 -02 AMADOR ON ROUTE 66
YEAR ENDED JUNE 30, 2015
Budgetary Fund Balance, July 1
Resources (Inflows):
Use of money and property
Amounts Available for Appropriations
Budgetary Fund Balance, June 30 (Budgetary Basis)
Encumbrances
Budgetary Fund Balance, June 30 (GAAP Basis)
204
$ 7,954
Variance with
Final Budget
Budget Amounts
Actual
Positive
Original Final
Amounts
(Negative)
$ 7,907 $ 7,907
$ 7,907
$ -
60 70
47
(23)
7,967 7,977
7,954
(23)
$ 7,967 $ 7,977
7,954
$ (23)
204
$ 7,954
CITY OF RANCHO CUCAMONGA
Internal Service Funds
Internal service funds are used to account for the financing of goods or services provided by one
department or agency to other departments or agencies of the government and to other government
units, on a cost reimbursement basis.
Equipment and Vehicle Replacement — Established to account for the accumulation of user charges to
various City departments and the costs associated with replacing the City's vehicles.
Computer Equipment /Technology Replacement — Established to account for the accumulation of
resources and the costs associated with replacing the City's data processing equipment and maintaining
current technology.
205
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
JUNE 30, 2015
Assets:
Current:
Cash and investments
Receivables:
Accounts
Accrued interest
Total Current Assets
Noncurrent:
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Liabilities and Net Position:
Liabilities:
Current:
Accounts payable
Capital leases
Total Current Liabilities
Noncurrent:
Capital leases
Total Noncurrent Liabilities
Total Liabilities
Net Position:
Net investment in capital assets
Unrestricted
Total Net Position
Total Liabilities and Net Position
206
Computer
Equipment Equipment/
and Vehicle Technology
Replacement Replacement Total
$ 7,834,471 $ 3,537,110 $ 11,371,581
- 3,519 3,519
13,161 1,157 14,318
7,847,632 3,541,786 11,389,418
1,590,782 2,038,163 3,628,945
1,590,782 2,038,163 3,628,945
$ 9,438,414 $ 5,579,949 $ 15,018,363
$ 73,519
$ 69,474
$ 142,993
64,310
444,206
508,516
137,829
513,680
651,509
123,025
870,615
993,640
123,025
870,615
993,640
260,854
1,384,295
1,645,149
1,403,447
723,342
2,126,789
7,774,113
3,472,312
11,246,425
9,177,560
4,195,654
13,373,214
$ 9,438,414
$ 5,579,949
$ 15,018,363
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2015
Computer
Equipment Equipment/
and Vehicle Technology
Replacement Replacement Total
Operating Revenues:
Sales and service charges $ 39,923 $ 159,040 $ 198,963
Total Operating Revenues 39,923 159,040 198,963
Operating Expenses:
Maintenance and operations
Depreciation expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Interest revenue
Interest expense
Total Nonoperating
Revenues(Expenses)
Income (Loss) Before Transfers
Transfers in
Changes in Net Position
Net Position:
Beginning of Year
End of Fiscal Year
207
202,969 371,262 574,231
cnn n- A0 G7C n4� 4 n' o On=
705,617 947,279 1,652,896
(665,694) (788,239) (1,453,933)
90,321 99,929 190,250
(6,639) (51,047) (57,686)
83,682 48,882 132,564
(582,012) (739,357) (1,321,369)
- 846,671 846,671
(582,012) 107,314 (474,698)
9,759,572 4,088,340 13,847,912
$ 9,177,560 $ 4,195,654 $ 13,373,214
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2015
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to suppliers for goods and services
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non - Capital
Financing Activities:
Cash transfers in
Net Cash Provided (Used) by
Non - Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:
Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in deferred outflows from pensions
Increase (decrease) in accounts payable
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Computer
Equipment Equipment/
and Vehicle Technology
Replacement Replacement Total
$ 39,923 $ 155,521 $ 195,444
(193,629) (369,914) (563,543)
(153,706) (214,393) (368,099)
- 846,671 846,671
(665,980)
(52,342)
(6,640)
(724,962)
846,671 846,671
(235,094)
(447,368)
(51,049)
(733, 511)
1r)') 7Qo
(901,074)
(499,710)
(57,689)
(1,458,473)
G[!I�iLL -1
86,926
102,789
189,715
(791,742)
1,556
(790,186)
8,626,213
3,535,554
12,161,767
$ 7,834,471
$ 3,537,110
$ 11,371,581
$ (665,694)
$ (788,239)
$ (1,453,933)
502,648
576,017
1,078,665
-
(3,519)
(3,519)
9,340
1,348
10,688
511,988
573,846
1,085,834
$ (153,706) $ (214,393) $ (368,099)
Non -Cash Investing, Capital, and Financing Activities:
There was no non -cash investing, capital and financing activities in the current fiscal year.
208
CITY OF RANCHO CUCAMONGA
Agency Funds
Agency funds are used to account for assets held by the City as trustee or agent for individuals, private
organizations, or other governmental units, and /or other funds.
Special Deposits Fund - Established to account for all deposits held by the City in its fiduciary capacity.
Assessment District 82 -1 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 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 85 -PD Fund - Established to account for assessments received under the Refunding
Act of 1984 for 1915 Improvement Act Bonds and Landscape /Lighting Act of 1972. Assessments
received are restricted for payment of principal, interest and penalties thereon, upon presentation of
proper coupons.
Community Facilities District 88 -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 91 -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.
Community Facilities District 93 -3 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 99 -1 Fund - Established to account for assessments received under the Improvement
Bond Act of 1915. Assessments received are restricted for payment of principal, interest and penalties
thereon, upon presentation of proper coupons.
Community Facilities District 2000 -01 South Etiwanda 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.
Community Facilities District 2000 -02 Rancho Cucamonga Corporate Park 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 No. 93 -1 Masi Commerce Center 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.
209
CITY OF RANCHO CUCAMONGA
Agency Funds
(Continued)
Community Facilities District No. 2001 -01 Special Tax Bonds, Series 2001 -A 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.
Community Facilities District No. 2001 -01 Special Tax Bonds, Series 2001 -B 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.
Community Facilities District 2003 -01 Series A Fund - This fund is used for the Community Facilities
District 2003 -01 bond redemption process. The Bond Redemption fund is a short -term rotating fund,
generally used to consolidate the collections received from the payments of the property owners upon
payment of their annual assessments at the time of payment of their tax bills. Furthermore, the monies in
this fund are used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2003 -01 Series B Fund - This fund is used for the Community Facilities
District 2003 -01 bond redemption process. The Bond Redemption fund is a short -term rotating fund,
generally used to consolidate the collections received from the payments of the property owners upon
payment of their annual assessments at the time of payment of their tax bills. Furthermore, the monies in
this fund are used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2000 -03 Rancho Summit Redemption 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.
Community Facilities District 2000 -03 Rancho Summit Reserve Fund - Established to account for the
reserve fund held by the trustee.
Community Facilities District 2004 -01 Fund - This fund is used for the Community Facilities District
2004 -01 bond redemption process. The Bond Redemption fund is a short -term rotating fund, generally
used to consolidate the collections received from the payments of the property owners upon payment of
their annual assessments at the time of payment of their tax bills. Furthermore, the monies in this fund
are used to meet the annual principal and semiannual interest payment on the bonds.
Community Facilities District 2000 -03 Park Maintenance Fund - This fund is used for the maintenance of
parks and parkways located within the Community Facilities District No. 2000 -03. The District is located
south of Summit Avenue on the east and west sides of Wardman Bullock Road.
Community Facilities District 2006 -01 Redemption Fund - This fund was established to account for
monies deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
Community Facilities District 2006 -02 Redemption Fund - This fund was established to account for
monies deposited by developers for initial consulting and administrative costs and expenses related to a
proposed public financing district.
Employee Deduction Account Fund - Established to account for the contribution by City employees
towards specific employee -paid benefits.
Assessment District No. 82 -2 - 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.
210
THIS PAGE INTENTIONALLY LEFT BLANK
211
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Payable to trustee
Due to external parties /other agencies
Total Liabilities
Special Assessment Assessment Assessment
Deposits District 82 -1 District 84 -2 District 85 -PD CFD 88 -2
$ 8,488,072 $ 47 $ 46 $ 1,057,166 $ 4,397,015
77,576 - - 2,731 -
42,190 - - 11,173 914
- - - 457 1,179
$ 8,607,838 $ 47 $ 46 $ 1,071,527 $ 4,399,108
$ 22,401 $ - $ - $ 37,931 $ 1,160
- - - 14,744 -
8,335,437 - - - -
- 47 46 1,018,852 4,397,948
250,000 - - - -
$ 8,607,838 $ 47 $ 46 $ 1,071,527 $ 4,399,108
212
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2015
(CONTINUED)
CFD 2000 -02
Rancho
CFD 2000 -01
Cucamonga
Assessment
Assessment
South
Corporate
District 91 -2
CFD 93 -3
District 99 -1
Etiwanda
Park
Assets:
Cash and investments
$
89,735
$ -
$
296,525
$
77,346
$ 424,196
Receivables:
Accounts
-
-
7,746
-
-
Taxes
231
-
-
552
15,364
Accrued interest
37
-
124
32
179
Restricted assets:
Cash and investments with fiscal agents
-
-
-
65,801
540,706
Total Assets
$
90,003
$ -
$
304,395
$
143,731
$ 980,445
Liabilities:
Accounts payable
$
-
$ -
$
-
$
-
$ -
Accrued liabilities
1,417
-
-
-
-
Deposits payable
-
-
-
-
-
Payable to trustee
88,586
-
304,395
143,731
980,445
Due to external parties /other agencies
-
-
-
-
-
Total Liabilities
$
90,003
$ -
$
304,395
$
143,731
$ 980,445
213
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2015
Liabilities:
Accounts payable $ - $ - $ - $ - $ -
Accrued liabilities - - - - -
Deposits payable - - - - -
Payable to trustee 740,046 1,769,936 120,886 2,082,579 336,897
Due to external parties /other agencies - - - - -
Total Liabilities $ 740,046 $ 1,769,936 $ 120,886 $ 2,082,579 $ 336,897
214
AD 93 -1 Masi
Commerce
CFD 2001 -01
CFD 2001 -01
CFD 2003 -01
CFD 2003 -01
Center
Series A
Series B
Series A
Series B
Assets:
Cash and investments
$ 497,337
$ 955,329
$ 54,065
$ 664,795
$ 204,326
Receivables:
Accounts
-
100,000
-
-
-
Taxes
-
5,240
-
384
-
Accrued interest
209
1
-
280
86
Restricted assets:
Cash and investments with fiscal agents
242,500
709,366
66,821
1,417,120
132,485
Total Assets
$ 740,046
$ 1,769,936
$ 120,886
$ 2,082,579
$ 336,897
Liabilities:
Accounts payable $ - $ - $ - $ - $ -
Accrued liabilities - - - - -
Deposits payable - - - - -
Payable to trustee 740,046 1,769,936 120,886 2,082,579 336,897
Due to external parties /other agencies - - - - -
Total Liabilities $ 740,046 $ 1,769,936 $ 120,886 $ 2,082,579 $ 336,897
214
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2015
(CONTINUED)
CFD 2000 -03
CFD 2000 -03
Rancho
Rancho
CFD 2000 -03
Summit
Summit
Park
Redemption
Reserve
CFD 2004 -01 Maintenance
CFD 2006 -01
Assets:
Cash and investments $ 382,508
$ -
$ 1,912,903 $ 485,642
$ 737,118
Receivables:
Accounts
Taxes
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Payable to trustee
Due to external parties /other agencies
Total Liabilities
3,953 - 26,000 2,868 2,549
161 - 806 204 311
12 262,110 1,189,500 - 379,651
$ 386,634 $ 262,110 $ 3,129,209 $ 488,714 $ 1,119,629
$ - $ - $ 320 $ 12,514 $ -
- 6,078 -
386,634 262,110 3,128,889 470,122 1,119,629
Jdb,W4 Z� Lbz,'I'IU :� J,1zU,zuU ZO 46t5, /'14 b 1,11!j,bzU
215
CITY OF RANCHO CUCAMONGA
COMBINING BALANCE SHEET
ALL AGENCY FUNDS
JUNE 30, 2015
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Deposits payable
Payable to trustee
Due to external parties /other agencies
Total Liabilities
Employee
Deduction Assessment
CFD 2006 -02 Account District 82 -2 Total
$ 396,888 $ 83,618 $ 5 $ 21,204,682
- - - 188,053
2,529 - - 113,947
167 - - 4,233
197,721 - - 5,203,793
$ 597,305 $ 83,618 $ 5 $ 26,714,708
$ - $ 447 $ - $ 74,773
- - 22,239
- - - 8,335,437
597,305 - 5 17,949,088
- 83,171 - 333,171
$ 597,305 $ 83,618 $ 5 $ 26,714,708
216
THIS PAGE INTENTIONALLY LEFT BLANK
217
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
Special Deposits
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Inventories
Total Assets
Liabilities:
Accounts payable
Deposits payable
Due to external parties /other agencies
Total Liabilities
Assessment District 82 -1
Assets:
Cash and investments
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
Assessment District 84 -2
Assets:
Cash and investments
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
Assessment District 86 -2
Liabilities:
Due to external parties /other agencies
Total Liabilities
Assessment District 85 -PD
Assets:
Cash and investments
Receivables:
Accounts
Taxes
Accrued interest
Total Assets
Liabilities:
Accounts payable
Accrued liabilities
Payable to trustee
Total Liabilities
Balance Balance
7/1/2014 Additions Deductions 6/30/2015
$
8,395,078
$
1,003,367
$
910,373
$
8,488,072
$
2,000
- $
76,122
$
546
$
77,576
- $
49,463
$
42,189
$
49,462
- $
42,190
$
8,446,541
$
1,121,678
$
960,381
$
8,607,838
$
6,913
$
888,112
$
872,624
$
22,401
8,439,628
1,480,298
1,584,489
8,335,437
-
250,000
-
250,000
$
8,446,541
$
2,618,410
$
2,457,113
$
8,607,838
$
46
$
1
$
-
$
47
$
46
$
-
$
-
$
47
$
46
$
1
$
-
$
47
$
46
$
1
$
-
$
47
$
46
$
$
- $
46
$
46
$
- $
- $
46
$
46
$
$
- $
46
$
46
$
- $
- $
46
$ - $ 232 $
$ - $ 232 $
$ 1,027,666 $ 1,322,954
- 4,343
14,066 11,173
946 457
232 $
232 $
$ 1,293,454
1,612
14,066
946
$ 1,057,166
2,731
11,173
457
$ 1,042,678 $
1,338,927 $
1,310,078 $
1,071,527
$ 87,111 $
419,835 $
469,015 $
37,931
19,596
14,744
19,596
14,744
935,971
1,284,573
1,201,692
1,018,852
$ 1,042,678 $
1,719,152 $
1,690,303 $
1,071,527
218
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
CFD 88 -2
Assets:
Cash and investments
Receivables:
Taxes
Accrued interest
Total Assets
Liabilities:
Accounts payable
Payable to trustee
Total Liabilities
Assessment District 91 -2
Assets:
Cash and investments
Receivables:
Taxes
Accrued interest
Total Assets
Liabilities:
Accrued liabilities
Payable to trustee
Total Liabilities
CFD 93 -3
Assets:
Cash and investments
Receivables:
Accounts
Accrued interest
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
Assessment District 99 -1
Assets:
Cash and investments
Receivables:
Accounts
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
Balance Balance
7/1/2014 Additions Deductions 6/30/2015
$
5,160,565
$
755,249
$
1,518,799
$
4,397,015
1,103
914
1,103
914
3,856
1,179
3,856
1,179
$
5,165,524
$
757,342
$
1,523,758
$
4,399,108
$
7,540
$
156,590
$
162,970
$
1,160
$
5,157,984
$
751,205
$
1,511,241
$
4,397,948
$
5,165,524
$
907,795
$
1,674,211
$
4,399,108
$
108,305
$
34,015
$
52,585
$
89,735
231
231
231
231
117
37
117
37
$
108,653
$
34,283
$
52,933
$
90,003
$
2,046,148
$
321,643
$
2,063,396
$
304,395
$
1,287
$
1,417
$
1,287
$
1,417
$
107,366
$
33,710
$
52,490
$
88,586
$
108,653
$
35,127
$
53,777
$
90,003
$ 806,827 $ 1,397,363 $ 2,204,190
39,874 - 39,874
703 - 703
$ 847,404 $ 1,397,363 $ 2,244,767 $ -
$ 847,404 $ 1,346,719 $ 2,194,123 $ -
$ 847,404 $ 1,346,719 $ 2,194,123 $ -
$
293,377
$
3,412
$
264
$
296,525
7,746
-
-
7,746
324
124
324
124
1,744,701
318,107
2,062,808
-
$
2,046,148
$
321,643
$
2,063,396
$
304,395
$
2,046,148
$
3,089
$
1,744,842
$
304,395
$
2,046,148
$
3,089
$
1,744,842
$
304,395
219
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
AD 93 -1 Masi Commerce Center
Assets:
Cash and investments
$
Balance
$
253,505
$
242,838
$
Balance
Receivables:
7/1/2014
Additions
Deductions
6/30/2015
Accrued interest
432
209
CFD 2000 -01 South Etiwanda
209
Restricted assets:
Assets:
Cash and investments with fiscal agents
242,500
3
Cash and investments
$
96,402
$
77,953
$
97,009
$
77,346
Receivables:
$
740,046
Liabilities:
Taxes
686
Payable to trustee
552
729,602
686
253,077
552
Accrued interest
$
69
Total Liabilities
32
729,602
69
253,077
32
Restricted assets:
$
740,046
Cash and investments with fiscal agents
65,800
1
-
65,801
Total Assets
$
162,957
$
78,538
$
97,764
$
143,731
Liabilities:
Accounts payable
$
-
$
1,938
$
1,938
$
-
Deposits payable
15,000
-
15,000
-
Payable to trustee
147,957
77,725
81,951
143,731
Total Liabilities
$
162,957
$
79,663
$
98,889
$
143,731
CFD 2000 -02 Rancho Cucamonga Corporate Park
Assets:
Cash and investments
$
424,002
$
539,304
$
539,110
$
424,196
Receivables:
Taxes
-
15,364
-
15,364
Accrued interest
240
179
240
179
Restricted assets:
Cash and investments with fiscal agents
540,700
6
-
540,706
Total Assets
$
964,942
$
554,853
$
539,350
$
980,445
Liabilities:
Accounts payable
$
-
$
1,938
$
1,938
$
-
Payable to trustee
964,942
554,441
538,938
980,445
Total Liabilities
$
964,942
$
556,379
$
540,876
$
980,445
AD 93 -1 Masi Commerce Center
Assets:
Cash and investments
$
486,670
$
253,505
$
242,838
$
497,337
Receivables:
Accrued interest
432
209
432
209
Restricted assets:
Cash and investments with fiscal agents
242,500
3
3
242,500
Total Assets
$
729,602
$
253,717
$
243,273
$
740,046
Liabilities:
Payable to trustee
$
729,602
$
253,077
$
242,633
$
740,046
Total Liabilities
$
729,602
$
253,077
$
242,633
$
740,046
220
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
221
Balance
Balance
7/1/2014
Additions
Deductions
6/30/2015
CFD 2001 -01 Series A
Assets:
Cash and investments
$
947,712
$
769,717
$
762,100
$
955,329
Receivables:
Accounts
100,000
-
-
100,000
Taxes
12,945
5,240
12,945
5,240
Accrued interest
4
1
4
1
Restricted assets:
Cash and investments with fiscal agents
709,358
8
-
709,366
Total Assets
$
1,770,019
$
774,966
$
775,049
$
1,769,936
Liabilities:
Payable to trustee
$
1,770,019
$
762,023
$
762,106
$
1,769,936
Total Liabilities
$
1,770,019
$
762,023
$
762,106
$
1,769,936
CFD 2001 -01 Series B
Assets:
Cash and investments
$
53,019
$
65,595
$
64,549
$
54,065
Restricted assets:
Cash and investments with fiscal agents
66,821
1
1
66,821
Total Assets
$
119,840
$
65,596
$
64,550
$
120,886
Liabilities:
Payable to trustee
$
119,840
$
1,046
$
-
$
120,886
Total Liabilities
$
119,840
$
1,046
$
-
$
120,886
CFD 2003 -01 Series A
Assets:
Cash and investments
$
577,346
$
1,015,364
$
927,915
$
664,795
Receivables:
Taxes
753
384
753
384
Accrued interest
344
280
344
280
Restricted assets:
Cash and investments with fiscal agents
1,432,796
170
15,846
1,417,120
Total Assets
$
2,011,239
$
1,016,198
$
944,858
$
2,082,579
Liabilities:
Payable to trustee
$
2,011,239
$
1,014,927
$
943,587
$
2,082,579
Total Liabilities
$
2,011,239
$
1,014,927
$
943,587
$
2,082,579
CFD 2003 -01 Series B
Assets:
Cash and investments
$
208,647
$
192,772
$
197,093
$
204,326
Receivables:
Accrued interest
140
86
140
86
Restricted assets:
Cash and investments with fiscal agents
132,478
16
9
132,485
Total Assets
$
341,265
$
192,874
$
197,242
$
336,897
Liabilities:
Payable to trustee
$
341,265
$
192,658
$
197,026
$
336,897
Total Liabilities
$
341,265
$
192,658
$
197,026
$
336,897
221
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
Liabilities:
Balance
Balance
7/1/2014
Additions
Deductions
6/30/2015
CFD 2000 -03 Rancho Summit Redemption
1,362,005
$
8,246,900
$
Assets:
$
386,634
Total Liabilities
$
Cash and investments
$ 1,354,346
$ 555,958
$ 1,527,796
$ 382,508
Receivables:
386,634
CFD 2000 -03 Rancho Summit Reserve
Taxes
6,430
3,953
6,430
3,953
Accrued interest
1,229
161
1,229
161
Restricted assets:
Cash and investments with fiscal agents
-
9,019,592
9,019,580
12
Total Assets
$ 1,362,005
$ 9,579,664
$ 10,555,035
$ 386,634
Liabilities:
Payable to trustee
$
1,362,005
$
8,246,900
$
9,222,271
$
386,634
Total Liabilities
$
1,362,005
$
8,246,900
$
9,222,271
$
386,634
CFD 2000 -03 Rancho Summit Reserve
Assets:
Restricted assets:
Cash and investments with fiscal agents
$
661,648
$
262,120
$
661,658
$
262,110
Total Assets
$
661,648
$
262,120
$
661,658
$
262,110
Liabilities:
Payable to trustee
$
661,648
$
262,121
$
661,659
$
262,110
Total Liabilities
$
661,648
$
262,121
$
661,659
$
262,110
CFD 2004 -01
Assets:
Cash and investments
$
1,790,082
$
2,425,223
$
2,302,402
$
1,912,903
Receivables:
Taxes
54,494
26,000
54,494
26,000
Accrued interest
1,482
806
1,482
806
Restricted assets:
Cash and investments with fiscal agents
1,189,477
54,423
54,400
1,189,500
Total Assets
$
3,035,535
$
2,506,452
$
2,412,778
$
3,129,209
Liabilities:
Payable to trustee
$
3,035,535
$
2,395,481
$
2,302,127
$
3,128,889
Total Liabilities
$
3,035,535
$
2,409,301
$
2,315,627
$
3,129,209
CFD 2000 -03 Park Maintenance
Assets:
Cash and investments
$
589,177
$
430,478
$
534,013
$
485,642
Receivables:
Taxes
3,003
2,868
3,003
2,868
Accrued interest
619
204
619
204
Total Assets
$
592,799
$
433,550
$
537,635
$
488,714
Liabilities:
Accounts payable
$
30,707
$
146,682
$
164,875
$
12,514
Accrued liabilities
6,944
6,078
6,944
6,078
Payable to trustee
555,148
416,235
501,261
470,122
Total Liabilities
$
592,799
$
568,995
$
673,080
$
488,714
222
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
CFD 2006 -01
Assets:
Cash and investments
Receivables:
Taxes
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
CFD 2006 -02
Assets:
Cash and investments
Receivables:
Taxes
Accrued interest
Restricted assets:
Cash and investments with fiscal agents
Total Assets
Liabilities:
Accounts payable
Payable to trustee
Total Liabilities
Employee Deduction Account
Assets:
Cash and investments
Total Assets
Liabilities:
Accounts payable
Due to external parties /other agencies
Total Liabilities
Assessment District 82 -2
Assets:
Cash and investments
Total Assets
Liabilities:
Payable to trustee
Total Liabilities
Balance Balance
7/1/2014 Additions Deductions 6/30/2015
$
654,983
$
487,642
$
405,507
$
737,118
16,356
2,549
16,356
2,549
565
311
565
311
379,647
45
41
379,651
$
1,051,551
$
490,547
$
422,469
$
1,119,629
$
1,051,551
$
473,347
$
405,269
$
1,119,629
$
1,051,551
$
473,347
$
405,269
$
1,119,629
$
360,527
$
258,529
$
222,168
$
396,888
-
2,529
-
2,529
307
167
307
167
197,710
21
10
197,721
$
558,544
$
261,246
$
222,485
$
597,305
$
-
$
3,500
$
3,500
$
-
558,544
260,782
222,021
597,305
$
558,544
$
264,282
$
225,521
$
597,305
$ 58,574 $ 402,757 $ 377,713 $ 83,618
$ 58,574 $ 402,757 $ 377,713 $ 83,618
$ 815 $ 4,637 $ 5,005 $ 447
57,759 245,267 219,855 83,171
$ 58,574 $ 249,904 $ 224,860 $ 83,618
$ 5 $ $ - $ 5
$ 5 $ - $ - $ 5
$ 5 $ - $ - $ 5
$ 5 $ - $ - $ 5
223
CITY OF RANCHO CUCAMONGA
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
ALL AGENCY FUNDS
YEAR ENDED JUNE 30, 2015
224
Balance
Balance
7/1/2014
Additions
Deductions
6/30/2015
Totals - All Agency Funds
Assets:
Cash and investments
$
23,393,402
$
11,991,158
$
14,179,878
$
21,204,682
Receivables:
Accounts
149,620
80,465
42,032
188,053
Taxes
159,530
113,946
159,529
113,947
Accrued interest
11,377
4,233
11,377
4,233
Restricted assets:
Cash and investments with fiscal agents
7,363,636
9,654,513
11,814,356
5,203,793
Total Assets
$
31,077,565
$
21,844,315
$
26,207,172
$
26,714,708
Liabilities:
Accounts payable
$
133,086
$
1,637,052
$
1,695,365
$
74,773
Accrued liabilities
27,827
22,239
27,827
22,239
Deposits payable
8,454,628
1,480,298
1,599,489
8,335,437
Payable to trustee
22,404,265
18,330,060
22,785,237
17,949,088
Due to external parties /other agencies
57,759
495,499
220,087
333,171
Total Liabilities
$
31,077,565
$
21,965,148
$
26,328,005
$
26,714,708
224
City of Rancho Cucamonga
Comprehensive Annual Financial Report
June 30, 2015
Statistical Section
Certain schedules recommended for inclusion in Comprehensive
Annual Financial Reports of Municipalities by the Government Finance
Officers Association have been omitted from this report. The omission
of such schedules was made only after careful consideration of the
merits of each recommended schedule by City management.
225
This part of the City of Rancho Cucamonga's comprehensive annual financial report presents
detailed information as a context for understanding what the information in the financial
statements, note disclosures, and required supplementary information says about the city's overall
financial health.
Contents
Pa e s
Financial Trends
These schedules contain trend information to help the reader
understand how the city's financial performance and well -being have
changed over time. 227 -231
Revenue Capacity
These schedules contain information to help the reader assess the
factors affecting the city's ability to generate its property and sales
taxes. 232 -237
Debt Capacity
These schedules present information to help the reader assess the
affordability of the city's current levels of outstanding debt and the
city's ability to issue additional debt in the future. 238 -243
Demographic and Economic Information
These schedules offer demographic and economic indicators to help
the reader understand the environment within which the city's
financial activities take place and to help make comparisons over time
and with other governments. 244 -245
Operating Information
These schedules contain information about the city's operations and
resources to help the reader understand how the city's financial
information relates to the services the city provides and the activities it
performs. 246 -248
Sources: Unless otherwise noted, the information in these schedules is derived from
the comprehensive annual financial reports for the relevant year.
226
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CITY OF RANCHO CUCAMONGA
Principal Property Taxpayers
Current Year and Nine Years Ago
$ 1,257,170,871 5.81% $637,317,349 4.33%
Source: San Bernardino County Assessor 2005/06 and 2014/15 Combined Tax Rolls
and the SBE Non Unitary Tax Roll; HdL, Coren & Cone
234
2015
2006
Percent of
Percent of
Total City
Total City
Assessed
Assessed
Assessed
Assessed
Taxpayer
Value
Value
Value
Value
Rancho Mall LLC
$ 289,102,109
1.34%
$ -
0.00%
Homecoming I at Terra Vista LLC
161,984,023
0.75%
-
0.00%
Prologis California I LLC /Catellus
147,012,575
0.68%
78,200,745
0.53%
T Napf Meritage Ownership LLC
117,327,295
0.54%
-
0.00%
WNG Rancho Cucamonga 496 LLC
101,723,405
0.47%
-
0.00%
RREEF America Reit II Corporation
94,723,200
0.44%
-
0.00%
Frito -Lay North America Inc
94,693,189
0.44%
57,116,328
0.39%
EQR Fanwell 2007 LP
86,799,700
0.40%
-
0.00%
Knickerbocker Properties Inc XLVII
83,182,849
0.38%
-
0.00%
PPF MF 9200 Milliken Ave LP
80,622,526
0.37%
70,654,951
0.48%
Cabot Industrial Properties LP
-
0.00%
72,355,417
0.49%
KW Mountain Vista LLC
-
0.00%
67,723,738
0.46%
Gruma Corporation Mission Foods
-
0.00%
66,422,784
0.45%
FC Victoria Gardens -C Inc
-
0.00%
59,543,942
0.40%
West Coast Liquidators, Inc.
-
0.00%
58,494,329
0.40%
Tamco
-
0.00%
53,840,448
0.37%
Frontier Land Company LLC
-
0.00%
52,964,667
0.36%
$ 1,257,170,871 5.81% $637,317,349 4.33%
Source: San Bernardino County Assessor 2005/06 and 2014/15 Combined Tax Rolls
and the SBE Non Unitary Tax Roll; HdL, Coren & Cone
234
CITY OF RANCHO CUCAMONGA
Property Tax Levies and Collections
Last Ten Fiscal Years
Note:
Data provided by the San Bernardino County Auditor - Controller for collection of prior year taxes
does not segregate the information by fiscal year. Therefore, the City is not able to provide this
information in the above schedule.
Source: San Bernardino County Auditor - Controller /Treasurer /Tax Collector
235
Collected within the
Fiscal
Taxes Levied
Fiscal Year of Levy
Collections in
Total Collections to Date
Year Ended
for the
Percent
Subsequent
Percent
June 30
Fiscal Year
Amount
of Levy
Years
Amount
of Levy
2006
$ 66,676,852
$ 65,853,106
98.76%
N/A
$ 65,853,106
98.76%
2007
80,690,744
80,591,967
99.88%
N/A
80,591,967
99.88%
2008
91,354,251
90,692,622
99.28%
N/A
90,692,622
99.28%
2009
98,855,469
95,515,265
96.62%
N/A
95,515,265
96.62%
2010
98,181,404
95,149, 733
96.91%
N/A
95,149,733
96.91%
2011
95,051,899
89,513,493
94.17%
N/A
89,513,493
94.17%
2012
93,318,030
86,742,369
92.95%
N/A
86,742,369
92.95%
2013
93,235,913
85,131,812
91.31%
N/A
85,131,812
91.31%
2014
95,016,035
93,063,071
97.94%
N/A
93,063,071
97.94%
2015
100,428,866
98,457,115
98.04%
N/A
98,457,115
98.04%
Note:
Data provided by the San Bernardino County Auditor - Controller for collection of prior year taxes
does not segregate the information by fiscal year. Therefore, the City is not able to provide this
information in the above schedule.
Source: San Bernardino County Auditor - Controller /Treasurer /Tax Collector
235
THIS PAGE INTENTIONALLY LEFT BLANK
236
CITY OF RANCHO CUCAMONGA
Principal Sales Tax Remitters
Current Year and Nine Years Ago
2015
Business Name Business Category
Apple Electronics /Appliance Stores
Bass Pro Shops Outdoor World Sporting Goods /Bike Stores
Best Buy
Electronics /Appliance Stores
Chevron
Service Stations
Circle K
Service Stations
Costco
Discount Department Stores
Day Creek Arco
Service Stations
Day Creek Shell
Service Stations
Fontana Steel
Contractors
Home Depot
Lumber /Building Materials
JC Penney
Department Stores
Living Spaces Furniture
Home Furnishings
Lowes
Lumber /Building Materials
Macys
Department Stores
Monoprice
Fulfillment Centers
My Goods Market
Service Stations
NIC Partners
Electrical Equipment
Ralphs
Grocery Stores Liquor
Ross Dress for Less
Family Apparel
Sears
Department Stores
Tamco
Heavy Industrial
Target
Discount Department Stores
Tesoro Refining & Marketing
Service Stations
Walmart
Discount Department Stores
Walters Wholesale Electric
Plumbing /Electrical Supplies
" Firms listed alphabetically
Source: The HdL Companies; State Board of Equalization
237
Business Name
Ameron International
Ameron Steel Pipe
Apple
Best Buy
Chevron
Circuit City
Costco
Dan Reshaw Mobil
Home Depot
Huttig
JC Penney
Kayo Oil
Living Spaces Furniture
Lowes
Macys
Mervyns
Novartis Animal Health
Robinsons May
Sears
Shell /Texaco
Tamco
Target
Walmart
West End Material Supply
Wickes
2006
Business Category
Contractors
Contractors
Electronics /Appliance Stores
Electronics /Appliance Stores
Service Stations
Electronics /Appliance Stores
Discount Department Stores
Service Stations
Lumber /Building Materials
Lumber /Building Materials
Department Stores
Service Stations
Home Furnishings
Lumber /Building Materials
Department Stores
Department Stores
Medical /Biotech
Department Stores
Department Stores
Service Stations
Heavy Industrial
Discount Department Stores
Discount Department Stores
Lumber /Building Materials
Home Furnishings
CITY OF RANCHO CUCAMONGA
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal Year
Ended
June 30
2006
2007
2008
2009
2010
2011
2012 3
2013 3
2014 3
20153
General
Obligation Capital
Bonds Leases
Governmental Activities
Tax
Allocation
Bonds 1
- $ 311,005,000 $
- 304,685,000
- 424,060,000
- 413,655,000
- 404,990,000
- 395,920,000
2,615,708
2,083,890
1,564,076
NOTES:
Details regarding the City's outstanding debt can be found in the notes to the financial
statements
The City issued over $155 million of new tax allocation bonds in 2008.
2 This ratio is calculated using personal income and population for the prior calendar year
3 As a result of the dissolution of the Redevelopment Agency on January 31, 2012, Tax Allocation Bonds
and Loans indebtedness was transferred to the Successor Agency.
238
2,615,708
2,083,890
1,564,076
Total
Governmental
Loans
Activities
17,212,452
$ 328,217,452
23,102,037
327,787,037
21,705,050
445,765,050
20,754,833
434,409,833
20,005,200
424,995,200
19,238,811
415,158,811
NOTES:
Details regarding the City's outstanding debt can be found in the notes to the financial
statements
The City issued over $155 million of new tax allocation bonds in 2008.
2 This ratio is calculated using personal income and population for the prior calendar year
3 As a result of the dissolution of the Redevelopment Agency on January 31, 2012, Tax Allocation Bonds
and Loans indebtedness was transferred to the Successor Agency.
238
2,615,708
2,083,890
1,564,076
Business -type Activities
Utility Total Total
Revenue Certificates of Business -type Primary
Bonds Participation Activities Government
328,217,452
- - - 327,787,037
- - - 445,765,050
434,409,833
424,995,200
415,158,811
2,615,708
2,083,890
1,564,076
239
Percentage
Debt
of Personal
Per
Income 2
Capita 2
7.58%
$ 2,121
6.81%
2,026
8.63%
2,587
7.91%
2,492
8.22%
2,420
8.17%
2,345
0.00%
-
0.05%
15
0.04%
12
0.03%
9
CITY OF RANCHO CUCAMONGA
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
(In Thousands, except Per Capita)
Fiscal Year
Ended
June 30
Outstanding
General
Obligation
Bonds
General Bonded Debt
Tax
Allocation
Bonds Total
Percent of
Assessed
Value 1
Percentage
of Personal
Income 2
Per
Capita 2
2006
$ - $
311,005 $
311,005
2.11%
7.12%
$ 1,898
2007
-
304,685
304,685
1.74%
6.27%
1,768
2008
-
424,060
424,060
2.16%
8.35%
2,438
2009
-
413,655
413,655
2.00%
8.00%
2,355
2010
-
404,990
404,990
2.04%
7.97%
2,287
2011
-
395,920
395,920
2.03%
7.36%
2,213
2012 3
-
-
-
0.00%
0.00%
-
2013 3
-
-
-
0.00%
0.00%
-
2014 3
-
-
-
0.00%
0.00%
-
2015 3
-
-
-
0.00%
0.00%
-
General bonded debt is debt payable with governmental fund resources and general obligation
bonds recorded in enterprise funds (of which, the City has none).
Assessed value has been used because the actual value of taxable property is not readily
available in the State of California.
2 These ratios are calculated using personal income and population for the prior calendar year.
3 As a result of the dissolution of the Redevelopment Agency on January 31, 2012, indebtedness was
transferred to the Successor Agency.
240
CITY OF RANCHO CUCAMONGA
Direct and Overlapping Debt
June 30, 2015
City Assessed Valuation
Overlapping Tax and Assessment Debt:
Metropolitan Water District
Chaffey Community College District
Chaffey Joint Union High School District
Alta Loma School District
Central School District
Etiwanda School District CFD Nos. 1, 2 & 3
Etiwanda School District CFD No. 7
Etiwanda School District CFD No. 8
Etiwanda School District CFD No. 9
Etiwanda School District CFD Nos. 2004 -2 & 2007 -1
Etiwanda School District Rancho Etiwanda Public Facilities
Authority CFD No. 1
Fontana Unified School District
Upland Unified School District
City of Rancho Cucamonga CFDs
City of Rancho Cucamonga 1915 Act Bonds
Total overlapping tax and assessment debt
Direct and Overlapping General Fund Debt
San Bernardino County General Fund Obligations
San Bernardino County Pension Obligations
San Bernardino County Flood Control Dist General Fund Oblig
Chaffey Community College District General Fund Obligations
Cucamonga School District Certificates of Participation
Fontana Unified School District Certificates of Participation
City of Rancho Cucamonga General Fund Obligations
West Valley Vector Control District Certificates of Participation
Total gross direct and overlapping general fund debt
Overlapping Tax Increment Debt (Successor Agency)
Total overlapping debt
City direct debt
Total direct and overlapping debt
12.114%
12.114%
12.114%
24.072%
41.139%
0.414%
100.000%
33.363%
100.000%
1,088,727,844 361,515,422
470,135,000
$ 21,638,337,000 2
455,796,704
55,215,213
97,230,000
City
Percentage
Total
Share of
Applicable'
Debt 6/30/15
Debt
0.934%
$ 110,420,000
1,031,323
24.072%
153,151,539
36,866,638
44.637%
318,851,255
142,325,635
98.743%
12,915,317
12,752,971
97.928%
38,379,543
37,584,319
100.000%
3,465,000
3,465,000
21.530%
12,645,000
2,722,469
68.006%
6,635,000
4,512,198
70.844%
8,195,000
5,805,666
100.000%
15,300,000
15,300,000
100.000%
17,615,000
17,615,000
0.414%
216,818,223
897,627
0.120%
93,812,967
112,576
100.000%
79,049,000
79,049,000
100.000%
1,475,000
1,475,000
12.114%
12.114%
12.114%
24.072%
41.139%
0.414%
100.000%
33.363%
100.000%
1,088,727,844 361,515,422
470,135,000
56,952,154
455,796,704
55,215,213
97,230,000
11,778,442
11,515,666
2,772,051
9,270,000
3,813,585
46,015,000
190,502
3,130,000 1,044,262
1,093,092,370
307,920,000
$ 2,489,740,214
Notes:
The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value.
Applicable percentages were estimated by determining the portion of the overlapping district's assessed
value that is within the boundaries of the city divided by the district's total taxable assessed value.
2 Includes aircraft values.
3 Excludes refunding issues dated after 6/30/15. Includes issues to be refunded.
4 Excludes tax and revenue anticipation notes, enterprise revenue and mortgage revenue obligations.
Qualified Zone Academy Bonds are included based on principal due at maturity.
Source: California Municipal Statistics, The HdL Companies
241
131,766,209
307,920,000
801,201,631
2,083,890
$ 803,285,521
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CITY OF RANCHO CUCAMONGA
Pledged- Revenue Coverage
Last Ten Fiscal Years
(In Thousands)
Note: Details regarding the City's outstanding debt can be found in the
notes to the financial statements.
' Tax increment figures are net of related pass- through payments.
2 As a result of the dissolution of the Redevelopment Agency on January 31,
2012 indebtedness was transferred to the Successor Agency.
243
Tax Allocation Bonds
Fiscal Year
Ended
Tax
Debt Service
June 30
Increment'
Principal
Interest
Coverage
2006
$ 59,003
$ 6,130
$ 14,814
2.82
2007
71,985
6,320
14,577
3.44
2008
77,319
6,600
15,600
3.48
2009
77,581
10,405
20,994
2.47
2010
77,255
8,665
20,547
2.64
2011
69,583
9,070
20,122
2.38
2012 2
51,609
9,520
9,950
2.65
2013 2
n/a
n/a
n/a
n/a
2014 2
n/a
n/a
n/a
n/a
2015 2
n/a
n/a
n/a
n/a
Note: Details regarding the City's outstanding debt can be found in the
notes to the financial statements.
' Tax increment figures are net of related pass- through payments.
2 As a result of the dissolution of the Redevelopment Agency on January 31,
2012 indebtedness was transferred to the Successor Agency.
243
CITY OF RANCHO CUCAMONGA
Demographic and Economic Statistics
Last Ten Calendar Years
Sources: (1) California State Department of Finance
(2) 2005 -2009 Income Data: ESRI; 2010 and later Income Data:
U.S. Census Bureau
(3) California Employment Development Department
244
Per
Personal
Capita
Income'
Personal
Unemployment
Calendar
Population
(in thousands)
Income'
Rate
Year
(1)
(2)
(2)
(3)
2005
163,840
4,368,151
26,661
3.3%
2006
172,322
4,856,204
28,181
3.1%
2007
173,916
5,076,801
29,191
3.6%
2008
175,627
5,167,755
29,425
5.1%
2009
177,051
5,080,143
28,693
8.6%
2010
178,904
5,377,675
30,059
9.4%
2011
169,498
5,190,707
30,624
8.7%
2012
171,058
5,341,115
31,224
6.2%
2013
172,299
5,335,755
30,968
5.4%
2014
174,064
5,402,772
31,039
6.0%
Sources: (1) California State Department of Finance
(2) 2005 -2009 Income Data: ESRI; 2010 and later Income Data:
U.S. Census Bureau
(3) California Employment Development Department
244
CITY OF RANCHO CUCAMONGA
Principal Employers
Current Year and Nine Years Ago*
Note: "Total Employment" as used above represents the total employment of all employers located within City limits.
Includes full -time and part -time employees.
*Only the top ten employers for each year presented have data displayed. If a company did not rank in the top
ten employers for both years presented, then one of the two years will state ' n/a".
Source: ESRI, Infogroup, Economic and Community Development Department
245
2015
2006
Percent of
Percent of
Number of
Total
Number of
Total
Employer
Employees,
Rank
Employment
Employees,
Rank
Employment
Chaffey Community College
1,229
1
1.46%
1,100
1
1.75%
Etiwanda School District
1,058
2
1.26%
1,015
2
1.61%
Inland Empire Health Plan (IEHP)
1,000
3
1.19%
n/a
n/a
n/a
Amphastar Pharmaceutical
880
4
1.05%
n/a
n/a
n/a
City of Rancho Cucamonga
849
5
1.01%
729
4
1.16%
Southern California Edison
800
6
0.95%
450
9
0.71%
Alta Loma School District
623
7
0.74%
920
3
1.46%
Big Lots Distribution Center
600
8
0.71%
n/a
n/a
n/a
Mercury Insurance Company
600
9
0.71%
437
10
0.69%
Central School District
527
10
0.63%
500
7
0.79%
Frito -Lay, Inc.
n/a
n/a
n/a
600
5
0.95%
C.W. Construction
n/a
n/a
n/a
600
5
0.95%
Mission Foods
n/a
n/a
n/a
573
6
0.91%
Target
n/a
n/a
n/a
475
8
0.75%
Note: "Total Employment" as used above represents the total employment of all employers located within City limits.
Includes full -time and part -time employees.
*Only the top ten employers for each year presented have data displayed. If a company did not rank in the top
ten employers for both years presented, then one of the two years will state ' n/a".
Source: ESRI, Infogroup, Economic and Community Development Department
245
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