Loading...
HomeMy WebLinkAbout2014/06/30 Comprehensive Annual Financial Report d ir? 4 .:i ICI W SCE �R .ureiuvsrcrtrr nr rnn nsrales �� �� CIVIL ENGINEERING M1 VU I'S IANUING PROJECT li t •v OF THP.YEAR PUBLI[P'1lRKS IM 1(Ev 4 1 NI ER NU 110131'.IIOI I1 II V 1RIU11\„NI4 IM lL11P L a— CI7T OF N 1%( 110['1'( WON” f COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDED JUNE 3012 City of Rancho Cucamonga, California Comprehensive Annual Financial Report Year Ended June 30, 2014 Prepared by the City of Rancho Cucamonga Finance Department Tamara L. Layne Finance Director THIS PAGE INTENTIONALLY LEFT BLANK CITY OF RANCHO CUCAMONGA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2014 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 ................................. ............................... Page Number ....... i xxxii xxxiii xxxiv 1 5 19 20 22 27 28 30 31 32 33 34 35 37 CITY OF RANCHO CUCAMONGA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2014 TABLE OF CONTENTS REQUIRED SUPPLEMENTARY INFORMATION Notes to Required Supplementary Information Budgetary Comparison Information: Budgetary Comparison Schedule - General Fund ..... ............................... Budgetary Comparison Schedule - Citywide Infrastructure Improvement Budgetary Comparison Schedule - Fire District ......... ............................... COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Combining Balance Sheet - Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds .................... 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 ..................................... ............................... SB140 ............................................................................. ............................... Air Quality Improvement ................................................... ............................... South Etiwanda Drainage ................................................ ............................... LowerEtiwanda Drainage ................................................ ............................... Masi Commerce Center ................................................... ............................... MeasureI ......................................................................... ............................... LibraryServices ............................................................... ............................... AssetForfeiture ............................................................... ............................... COPSProgram Grant ...................................................... ............................... DrainageFacilities ............................................................ ............................... CAState Library ............................................................... ............................... Library Services & Technologies Act ............................... ............................... Litter Reduction Grant ...................................................... ............................... Energy Efficient & Conservation Block Grant .................. ............................... Senior Outreach Grant ..................................................... ............................... UndergroundUtilities ........................................................ ............................... Page Number 85 86 87 88 RN 112 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 CITY OF RANCHO CUCAMONGA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2014 TABLE OF CONTENTS Page Number COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES (Continued) Budgetary Comparison Schedules (Budgetary Basis) - Special Revenue Funds (Continued): Safe Routes to School Program ......................................................... ............................... COPSHiring Program Grant ............................................................... ............................... Foothill Blvd. Maintenance .................................................................. ............................... COPS Secure Our Schools Grant ....................................................... ............................... 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 ............................................. ............................... CFD 2000 -01 South Etiwanda ..................................... ............................... CFD 2000 -03 Rancho Summit ..................................... ............................... CFD2001- 01 ................................................................ ............................... CFD 2003 -01 Project Fund .......................................... ............................... 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 .................................... ............................... 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 182 183 184 188 194 CITY OF RANCHO CUCAMONGA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2014 TABLE OF CONTENTS STATISTICAL SECTION Financial Trends: Page Number Net Position by Component — Last Ten Fiscal Years ......................... ............................... 203 Statement of Activities (Condensed) — Last Ten Fiscal Years ............ ............................... 204 Fund Balances of Governmental Funds — Last Ten Fiscal Years ...... ............................... 206 Changes in Fund Balances of Governmental Funds - LastTen Fiscal Years ......................................................................... ............................... 207 Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property .... ............................... 208 Direct and Overlapping Property Tax Rates — Last Ten Fiscal Years ............................... 209 Principal Property Taxpayers — Current Year and Nine Years Ago .... ............................... 210 Property Tax Levies and Collections — Last Ten Fiscal Years ........... ............................... 211 Principal Sales Tax Remitters — Current Year and Nine Years Ago ... ............................... 212 Debt Capacity Ratios of Outstanding Debt by Type — Last Ten Fiscal Years ............ ............................... 214 Ratios of General Bonded Debt Outstanding — Last Ten Fiscal Years ............................. 216 Direct and Overlapping Debt ............................................................... ............................... 217 Legal Debt Margin Information — Last Ten Fiscal Years ..................... ............................... 218 Pledged- Revenue Coverage — Last Ten Fiscal Years ........................ ............................... 220 Demographic and Economic Information: Demographic and Economic Statistics — Last Ten Calendar Years ... ............................... 221 Principal Employers — Current Year and Nine Years Ago .................. ............................... 222 Operating Information: Full -Time and Part -Time City Employees by Function — Last Eight Fiscal Years ............. 223 Operating Indicators by Function — Last Eight Fiscal Years ............... ............................... 224 Capital Asset Statistics by Function — Last Eight Fiscal Years ........... ............................... 225 City of Rancho Cucamonga Comprehensive Annual Financial Report June 30, 2014 Introductory Section THIS PAGE INTENTIONALLY LEFT BLANK Mayor L. DENNIS MICHAEL • Mayor Pro Tem SAM SPAGNOLO Council Members WILLIAM J. ALEXANDER, LYNNE B. KENNEDY, DIANE WILLIAMS City Manager JOHN R. GILLISON i THE CITY OF RANCHO CUCAMONGA RANCHO C,UCAMONGA December 31, 2014 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, 2014. 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, 2014, 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, 2014, 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 31, 2014 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 172,299 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 l .a. 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. ii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga The Rancho Cucamonga Public Improvement Corporation was established for charitable purposes including rendering financial assistance to the City by financing, acquiring, constructing, improving and leasing public improvements for the benefit of residents of the City and the surrounding area. The Rancho Cucamonga Fire Protection District 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 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 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 are expected to return to historical norms of 5% or less during the next year; • Employers within the City recently exceeded their prior peak level of employment, thereby fully recouping the substantial losses that occurred during the recent recession, although this does not account for population growth and under - employment; • Steady increases in taxable sales of general merchandise that are expected to reach pre - recession peak levels sometime during 2015; 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 iii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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 economic development programs to promote private investment, job retention, and growth. A key City Council goal for FY 2013/14 was the creation of an Economic Development Plan and strategy for the City that takes into account the loss of redevelopment while recognizing both the changing nature of the marketplace as well as the City's transition to an in -fill community. 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; 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 2014/15 total $10,646,280. The CIP includes the Civic Center's landscape and renovation design, parking and exterior lighting, and roof and patio replacement; the Library's second floor Rancho KIDS Project; utility undergrounding on Base Line Road from Carnelian to Vineyard; Base Line Road at 1 -15 Interchange capital improvements; and local street pavement at various locations. 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, 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. iv December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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, 2014, the City of Rancho Cucamonga does not have any bonded indebtedness. Risk ManaLyement During Fiscal Year 2013/14, 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 $34 million. For workers' compensation claims, the City is self - funded for the first $300,000 and purchases coverage for losses ranging from $300,000 to $50 million. Pension Benefits The City provides pension benefits for all employees through a statewide plan managed by the California Public Employees Retirement System (Ca1PERS). Additional information on the plan can be found in Note 9 in the notes to the financial statements. II. HIGHLIGHTS OF FISCAL YEAR 2013/14 Redevelopment Agenc 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 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. 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. RCMU offers an economic development incentive rate that targets high electric users that are also v December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga large employers. In the past year the incentive was used to attract the expansion of Evolution Fresh into a vacant warehouse building. Evolution Fresh also created 100 new jobs in the community. In January the City retained the services of Strategic Economics, Inc. to assist the City in updating its Economic Development Strategic Plan. The City has been working off an 1I- year old plan that has successfully implemented a number of programs and services that have facilitated economic and business growth in the City. Since the implementation of the 2003 Strategy several significant developments have added value to the City's economic base such as Victoria Gardens, several hotels, Evolution Fresh a Starbucks Company subsidiary, Phos -Chek, and the establishment of regional headquarters for firms such as Falken Tire and Inland Empire Health Plan. Changes in the current economy and marketplace are key factors driving the update to the Strategic Plan. For example, the consolidation of retailers, and the growth of e- commerce, the need for improved warehouse and transportation systems, and the loss of economic development tools such as redevelopment. All of which require the City to look at its plan and make changes. The update of the Economic Development Strategy will help the City identify new businesses that our resources are best suited for in order to attract jobs and economic growth to the community. It is anticipated that the update Strategy will be completed by first quarter 2015. The City has also partnered 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 2013/14 fiscal year, the SBDC met with 168 clients, and provided 376 hours of technical and professional advice. This lead to 5 jobs being created and 46 jobs retained. The SBDC also hosted 12 workshops on various business topics and 163 people attended these workshops. Affordable Housing Due to the elimination of the redevelopment agency, 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 Orange Housing Development Corporation (OHDC), a non — profit affordable housing provider to build 59 affordable senior housing units plus one manager unit. The City will contribute $4,360,908 of its housing bond vi December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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: 6 units will be available to eligible senior households whose income does not exceed 30% of the area median income; 12 units will be available for those whose income does not exceed 40% of the area median income; 24 units available to those whose income does not exceed 50% of area median income; and 17 units available for those whose income does not exceed 60% of area median income. Below is a summary of the unit breakdown by income restriction and the estimated affordable rent. 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 addition of these income restricted units will improve the availability of affordable rental housing in the community. 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 by the redevelopment 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 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 91 families. vii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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 $40 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 document; implementing paid parking programs at the Rancho Cucamonga Metrolink station and Cucamonga Canyon; and updating the Development Impact Fee Program. 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 2013/14 was the completion of the Etiwanda Ave Sidewalks and Flashing Beacons at Grapeland Elementary and Etiwanda Intermediate Schools a Safe Route to School Project, and the Haven Avenue and Valencia left turn pocket extension adding capacity and making the left turn movements during peak times more efficient. The City utilized Local and Grant Funds to finance these projects. 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 17 Capital Improvement Projects amounting to over $14 million dollars were completed during Fiscal Year 2013/14. The following in addition to the above are the other key capital projects that were completed during Fiscal Year 2013/14: • Local Street Pavement Overlay and Slurry Seal. • Banyan Street Sidewalk and Pavement Rehabilitation from Etiwanda Avenue easterly. • 8th Street Pavement Rehabilitation from 1300 feet east of Hellman to west of Hermosa. • 4th Street Pavement Rehabilitation from Milliken to Richmond. • 24th Street at Deer Creek Channel Bridge Repair. • Construction start on the Wilson Avenue Extension (completion spring 2015) 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 viii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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 complete 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 intersection of Carnelian Street and Banyan Street. 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 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 5,146 participants at the Household Hazardous Waste Collection Facility, conducting over 900 storm water inspections, increasing participation at used oil filter exchange events by 100 %, and distributing 20 of recycling containers to schools and sports groups. This year the section applied tax assessments and title liens on 129 properties to recover approximately $32,195 in delinquent trash account payments. Municipal Utility Division The Rancho Cucamonga Municipal Utility (the Utility) functions as a small electric utility providing electric service to both residential and commercial developments including the Victoria Gardens Regional Center as well as surrounding retail and commercial developments that were built within RCMU's service territory. This fiscal year, the Utility began servicing over 300 new residential customers at a new residential development in the Terra Vista area and provided a new online payment option for all its utility customers. 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 currently receives some of its energy from a nearby landfill gas facility and most recently signed an agreement to receive 6 MW of solar power from Kern County in order to meet the State's Renewable Portfolio Standard requirements. 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, ix December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Streets and Storm Drains Maintenance, and Parks and Landscaping Maintenance. The following are the highlights within the Public Works Services Department during Fiscal Year 2013/14: Administration Division In addition to overseeing the operations of the Public Works Services Department's 170+ full - time and part-time employees and over $22 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, refining the expenditure tracking process for the Facilities Section, improving the workflow for contracts and professional services agreements and assisting the other divisions with the compilation and bidding of service contracts. 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 in need of repair and replacement due to weathering of the elastomeric joint sealant along the tile edge. The project went out to bid during FY 2013/14 and work was completed in November 2014. In addition, during FY 2014/15, a consultant will evaluate the condition of the rest of the exterior elastomeric joint seals and expansion joints surrounding the Cultural Center and prepare bid specifications for any needed repairs. Civic Center – Roof System Restoration Project — Specifications were completed during FY 2013/14 which required the existing low slope roof sections be removed and the installation of Title 24 compliant and Energy Star rated off white reflective roof coating over polyester reinforced fabric, as well as replacing the existing roof flashing and elastomeric sealant. The scope of work for the mechanical well roof sections consists of the application of a fluid - applied pedestrian traffic coating system. The existing metal flashing will also be replaced as part of this project. This project will be completed by the end of November 2014. Civic Center Parking Lot Lighting Project — Specifications were completed during FY 2013/14 for the replacement of the light fixtures located in the 3 parking areas at the Civic Center (north employee lot, public parking deck, and south employee lot) with new energy efficient LED lighting fixtures. This project is anticipated to be awarded in January of 2015. Public Safety HVAC IAQ Study —A consultant was hired to do a study of the HVAC system at the Police Department to determine if there were any design, construction, code and/or life safety issues within the HVAC system. The study was completed and options assessed, and the consultant prepared specifications for the construction which will be bid in FY 2014/15. In addition to the numerous capital projects happening, there were also several large service contracts awarded including: janitorial services, mechanical engineering services, as well as the emergency award of a new temporary security guard contract. Streets, Fleet, and Storm Drain Maintenance Division The Illuminated Street Name Sign Replacement program continued into FY 2013/14. 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 X December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga with more energy efficient LED lighting. The majority of signs replaced during this cycle were on Foothill Blvd., between San Bernardino Road and Aspen Avenue. CNG Station Expansion: The design for the CNG station expansion began in FY 2012/13, and construction began in FY 2013/14. This phase will consist 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. If done, the additive bids will include the infrastructure for additional time -fill posts and associated hardware. Vehicle Purchases: During FY 2013/14, the City Council authorized the purchase of the following replacement vehicles: one Urban Forestry Aerial Chipper truck, three CNG sedans, and one CNG 1/2 ton pick -up truck. The three CNG - powered vehicles were partially funded through a grant from the Mobile Source Air Pollution Reduction Review Committee (MSRC). The MSRC provides funds for the purchase of alternative fuel vehicles and infrastructure projects that reduce air pollution from motor vehicles within the South Coast Air District in Southern California pursuant to air quality and provisions of the California Clean Air Act AB 2766. Over the past few years, the City has been successful in obtaining funding for projects such as the Compressed Natural Gas (CNG) station, the CNG Station Expansion (mentioned above), Fleet Shop Modification and the purchase of several new CNG vehicles. To date, we have received over 1 million dollars in MSRC grant funding. Sidewalk Inspection Program: In January of 2010, the PWSD developed a three -year citywide sidewalk inspection program to identify deflections on sidewalks within the public right -of -way which may cause someone to trip and fall. PWSD divided the city into twenty - four grids, which is on a two -year calendar rotation. One grid is inspected per month with crews scheduled to ramp or grind deflections found during the monthly inspection process. On year three we inspected city maintained paseos citywide and followed up with ramping and grinding as needed. In January of 2013, we started with the citywide sidewalk inspection program three year process once again and were in year two during FY 2013/14. Our proactive approach to our aging sidewalk infrastructure has greatly reduced the City of Rancho Cucamonga's liability. Many smaller projects were completed during FY 2013/14 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. Parks and Landscape Maintenance Division Garcia Park Landscape Upgrade: Some of the Park Sections goals are to reduce labor cost through efficiency and proper horticultural practices, along with reducing water and electricity costs through proper application and innovative materials and ideas. The Garcia Park Landscape Upgrade Project incorporated this thinking by addressing areas of unused turf, improving aesthetic value, reducing labor and water usage, while introducing a new gathering point for the surrounding community. LMD 4R Park Security Lighting Retrofit: With a continuation of new lighting technology being applied to City parks and paseos, a lighting retrofit project of the parks in LMD 4R was completed. This project promotes the use of induction type lighting fixtures which promotes energy conservation, reduced maintenance costs and providing longer life to City assets. xi December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Once completed, the energy savings is expected to be 1/3 to 1/2 of the present costs and maintenance intervals extended to a 4 to 7 year rotation. Day Creek Park Security Lighting Retrofit: As mentioned above, this project is also being done to reduce costs and become more energy efficient. This is phase two of a four phase project. Additional cost savings are being realized by having City staff perform the retrofit of each fixture. This is accomplished because of the vendor supplying the induction retrofit kit has made it a plug and play device. Once completed the energy savings is expected to be 33- 50% of the present costs and maintenance intervals extended from a 4 to 7 year rotation. The paseo lighting in LMD 6R was also retrofitted with LED light fixtures. Playground Rubberized Surface Repairs /Replacement: 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. Two updates were presented to the City Council during FY 2013/14 regarding the Westside districts and cost saving measures were discussed to reduce expenditures bringing them in line with the revenues projected. These updates resulted in the Council giving staff direction to reduce staffing and operation levels in LMD 1 and PD -85 as well as draining, cleaning and examining conditions at Red Hill Lake and provide the Council with options to reduce operating costs of the lake. The lake was drained and cleaned and Engineering staff are working with an environmental consultant to prepare plans and specifications for bid during FY 2014/15. Planning The Planning Department processed a wide variety of projects during the fiscal year. The following are some of the highlights of those activities: • Currently under construction by Goodman Rancho SPE, LLC (Goodman Birtcher) are two industrial warehouse buildings of 555,664 square feet (Building 1/Phase 1) and 1,033,565 square feet (Building 2/Phase 2) on approximately 75 acres located at the southwest corner of Arrow Route and Etiwanda Avenue. Construction began in early 2014. • Lennar Homes is constructing 291 single- family residences on 80 acres located northeast of Etiwanda Avenue and Arrow Route. Construction began in early 2014 and model homes opened in late summer 2014. • 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 Foothill Freeway (SR- 210). Construction began in the fall of 2014. • 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. Three separate code updates were approved by the City Council this year. • On June 2, 2014, Planning transitioned the land management software system from Tidemark to Accela, including converting all data from the old system into Accela. Also launched was the new public portal, Accelerate, which allows users to apply for a permit and pay fees online. As of December 1, 2014, there are 1,298 registered users on Accelerate with xii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga hundreds of permits applied for online. A pilot Electronic Document Review (EDR), which allows applicants to upload electronic plans for review and comments, has also been started with an anticipation of a full roll out in early 2015. Staff has released the RFP for the CA Endowment grant. This grant is looking to improve health through active transportation planning by the development of a circulation master plan and to guide investments in sidewalks, bike paths, bike sharing systems and public transit in order to promote community health in Rancho Cucamonga. The continued implementation of the Community Development Block Grant (CDBG) program. In 2014, the City received $802,705 in Housing and Urban Development funds. These funds were allocated to various Public Works, Home Improvement, and Public Service 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. Historic Preservation Division Local History Night was celebrated on Friday, June 20th, 2014, at the Biane Library, in the Victoria Gardens Cultural Center. Approximately 550 people attended the event enjoying various types of activities such as the Silverados musical band, the San Manuel Band of Mission Indians Cultural Program, Joe Blackstock's Local History presentation, Rancho Cucamonga Bingo, the vintage fire truck / antique car display, information from local historical groups, Rancho Cucamonga Fire's historical wildfire presentation, as well as the kid's crafting table. On Saturday, September 13, 2014, the Rancho Cucamonga Fire Department, Friends of the Pacific Electric Trail, Richleigh Construction, Lowe's Home Improvement Store and the Rancho Cucamonga Planning Department and community volunteers, secured all doorways and windows at the historic Etiwanda Depot located at 7089 Etiwanda Avenue. This effort will help deter vandalism to the structure while it remains vacant. The materials used were a polycarbonate corrugated roofing panel that is a sturdy yet semi - transparent, plywood, and lumber. A small frame was custom -built for each opening using lumber to avoid drilling holes into the structure. A soft light was also installed to provide additional security. 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. The department also provides code enforcement of municipal code and property maintenance standards in a coordinated environment. 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 20,907 inspections, responded to over 1,000 complaints and investigations, and issued over 4,668 permits during the 2013/14 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, xiii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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. The Department also continues to work on updating the current fee study. The latest updated fees were adopted by the City Council in December 2013. 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 1,200 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 business 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 investigates 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 the Storm Water Quality documents, and acting as the City Land Surveyor for the Engineering Services Department. Community Improvement This section continues to provide services for enforcing requirements of municipal code, property maintenance standards, zoning related issues, and promoting and educating the general public to maintain healthy, safe, and clean living and working environments. Community Improvement receives requests for service each year on certain areas of the Municipal Code, such as property maintenance and health and safety concerns. This section has a comprehensive program which protects a property owner's investment, promotes public health and welfare, and enhances the quality of neighborhoods. It is an integral xiv December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga part of the City's commitment to neighborhood preservation. When homes and businesses are properly maintained, it has a positive effect on the appearance of our community. During FY 2013/14, Code Enforcement continued to promote the volunteer program and had three (3) very active individuals who assisted staff with a variety of tasks. They continued their successful neighborhood clean -up efforts by assisting over 115 residents and collecting approximately 12 -tons of garbage, and 1 -ton of e- waste. Finally, this section is responsible for enforcing municipal codes against owners who have abandoned or vacated their properties. During this year, Community Improvement handled over 4,341 requests for service. Communitv 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 15 member Senior Advisory Committee. Wellness Pass has continued to be extremely popular, requiring the expansion to accommodate increasing membership. Wellness Pass was previously housed in Goldridge /Timber Mountain rooms and moved to Gamepoint /Teen Lodge increasing space by approximately 50 %. Cultural and Performing Arts The Lewis Family Playhouse at the Victoria Gardens Cultural Center completed its eighth 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 two delightful new productions to the stage this year: A Christmas Carol and Sing -a -Long Grease. The City's own theatre company, MainStreet Theatre Company produced three shows including Aesop in Rancho Cucamonga, The Musical Adventures of Flat Stanley, and Roald Dahl's The Magic Finger. As the Cultural Center ages, replacement of certain items will be required. This year we replaced the Lewis Family Playhouse Stage Curtain, which was out of compliance with flame retardant requirements and was replaced with a curtain that is made from "inherently fire resistant material" (IFR). IFR material may be cleaned occasionally to be recertified staying in compliance with national regulations. xv December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Special Events and Special Projects Last year over 25,000 community members attended the Department's major community -wide special events. Last year's 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 and Community Picnic, 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 1,500 Pee Wee participants, participated in programs such as: Soccer, Baseball and Basketball. Over 450 participants registered in the 2013 Summer Sports Camp which took place at Alta Loma High School. The `Learn to Swim' Aquatics program taught over 2,200 participants on basic swimming techniques. A range of Adult Sports Leagues, like Adult Softball, Soccer and Basketball are offered to those 18 +. Youth and Famil The Community Services Department's Playschool program is for children ages one through five. Over 650 children attended classes focusing on building children's self - esteem, attention span and social development. Playcamp is the summer version of our Playschool program with over 1200 children attending this past summer. 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, we offered for the first time a Teen Summer camp with 188 teens in attendance throughout the 10 week program. The Teen 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. xvi December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Park Development Projects completed as of June 30, 2014 include: • Purchase and installation of the Central Park Pavilion • Design and construction of the Flag Retirement Urn for Freedom Courtyard at Central Park • Replacement of play equipment and surfacing at Mountain View and Golden Oak parks Projects awarded and/or started in Fiscal Year 2013/14 include: Replacement of play equipment and surfacing at Coyote Canyon Park Southwest Park Architectural/Design Services Gymnasium site feasibility study 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. Police Department The City of Rancho Cucamonga contracts with the San Bernardino County Sheriff's Department for general law enforcement services. During FY 2013/14, the Police Department had 133 sworn officers, 41 general employees and more than 90 volunteers which include 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; Bicycle Enforcement Team; Multiple Enforcement Team; Traffic Enforcement; Detective Unit; Alcohol Compliance Team; Threat Assessment Team and a Retail Theft Team. The City of Rancho Cucamonga continues to hold a reputation as one of the premier cities in the Inland Empire. The City of Rancho Cucamonga and its Police Department share a great deal of pride in this accomplishment and enjoy a great working relationship. Together, they provide residents and business owners with the type of safe community other cities envy. The following programs and projects for the 2013/14 fiscal year highlight the inter - department collaboration and community support that justifies such high ratings: xvll December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Public Information Officer The Police Department created a Public Information Officer (PIO) position to address the desires of the community to be informed and aware. Information management is a crucial component which is necessary to positively influence public perception. The PIO is responsible for sending routine press releases to the media and general public, fielding phone calls, emails, texts, social media posts and in person inquiries related to the press releases and/or significant law enforcement events. The position has the ancillary responsibility of identifying and developing opportunities to engage the community and forge lasting relationships built on trust. The PIO has achieved success managing the Police Department's information in a way that enhances the department and city's reputation and credibility. Public Safety Video Network The Public Safety Video Network (PSVN) is operational and moving into another phase of development. The Police Department purchased ten Automated License Plate Readers (ALPR) to augment the 12 live- streaming video cameras deployed around Victoria Gardens and the Foothill corridor. The ALPR cameras will be deployed at strategic locations nearby freeway on- and off - ramps. They are part of a long -term vision and commitment to leverage technological advancements in furtherance of crime reduction. Although, technology cannot replace traditional law enforcement personnel, it has proven its worth as an undeniable resource and force multiplier. 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. Active Shooter /Threat Assessment Team Active Shooter training has evolved beyond our original expectations and the collaborative efforts between the police department and the Rancho Cucamonga Fire Department has garnered the attention of state policy makers. The training in conjunction with the threat assessments conducted throughout the year proved crucial on several occasions. When Chaffey College locked down the campus because of a suspicious device, public safety sprang into action. Law enforcement and fire personnel relied on their training and knowledge of the campus to search the grounds and safely evacuate over 5,000 students, teachers, administrators and support staff. The investigation resulted in an arrest, but those involved in the incident are most proud of the efficiency in which the situation was resolved. The collaboration, planning, preparing, communicating, responding and recovering was a direct result of the City's commitment to Active Shooter training and Threat Assessments. Fire Department The Rancho Cucamonga Fire Protection District (District) is responsible for Community Risk Reduction, Emergency Response and Emergency Management. 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 xviii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga designed to protect natural resources, secure the economic vitality of the community and improve the quality of life for its citizens. The District 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 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 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 2013/14 fiscal year, District staff accomplished the following to maintain and improve existing services levels in accordance with Council approved goals: • The sidewalk CPR program was launched in May 2013 and has trained people of all ages. It is now an ongoing program for the District. • Emergency Management Program — Continued implementation of the Business Emergency Response Team (BERT) program • Held Community Facility District (CFD) fees flat for third year. • Continued training for Active Shooter program (in partnership with the Sheriff's department) • Completed the purchase of property at Vineyard and San Bernardino Road for the relocation of the San Bernardino Road fire station. • Major Capital Maintenance Projects at the Jersey, Banyan, and Amethyst fire stations and the Fire Maintenance Facility in progress. Library Services The Library Services Department was once again very busy in Fiscal Year 2013/14. In the past fiscal year, the Department checked out over 1.1 million books, DVDs, CDs and magazines, and issued over 15,000 new library cards. Over 120,000 people used a library computer or our Wi -Fi network, and over 41,000 youngsters attended a library program. Currently over 200,000 borrowers own a Rancho Cucamonga library card and enjoy a collection of over 285,000 titles, 310 magazine and newspaper subscriptions and free access to over 70 PCs through "The Three Amazing Libraries" of Rancho Cucamonga. xlx December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga Other Library highlights include: Children's and Teen Services • More than 41,000 youngsters came to our libraries to enjoy the popular story time programs. With eighteen 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 50,000 items to children during this past fiscal year. • Thanks to grants received from the Southern California Gas Company and Southern California Edison Foundations, 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 completed a "Digital Literacy Evaluation" grant which not only provided funding to purchase 20 iPads for use during storytimes, but provided all staff with training on how to effectively introduce technology to young children. • Children's Services staff completed an evaluation of all storytimes, evaluating them for age - appropriateness, developmental stages, parental involvement, etc. After careful evaluation, several changes are being developed which will not only increase the programming lineup from 18 -22 per week, but will also have a stronger developmental impact on the participants. • Teen Services staff also did a careful analysis on teen services in order to develop a strategic plan for teen services and programs. After surveys and analysis with the teens, a plan has been developed, that will be carried out in the upcoming years. Seninr 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 led a team of City staff to create a new outreach vehicle — RC2Go. RC2Go is a 30 -foot trailer that is equipped to serve as a mobile City Hall and provide city services around the community, such as issuing library cards, checking out recreation equipment, issuing permits, conducting sidewalk CPR classes, etc. This project was grant- funded by the California State Library. Information and Virtual Library Services Between the Adult and Children's Information Service desk and our Virtual Library, over 180,000 information questions were answered during the past fiscal year. Several new online resources were added to the Virtual Library, including Freegal (free music downloads), Zinio (free magazine downloads), and many more eBooks added to the collection. XX December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga • Over 120,000 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 now certified US Department of State Passport Acceptance Agencies, which add an addition revenue stream for the Library seven days a week. • 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 Fiscal Year 2013/14. • 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 $120,000 for the Library in Fiscal Year 2013/14. 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 take some significant steps towards the second floor, including completing the design drawings and construction drawings, in order to get the project ready to go out to bid. 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. The Library is also working with the State Library on a Geographic Information Systems Grant. In partnership with the Rancho Cucamonga GIS division, we will work with 4 other Southern California cities to introduce GIS mapping to their libraries. There are xxi December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga also several smaller grants that are being worked on, including the Big Read and grants from Southern California Gas and Southern California Edison. Citv Manager's Office 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. 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 in 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 of the quality of life in our community. Healthy RC highlights include: • Over $720,000 was secured in federal, state, and private /foundational funds for Healthy RC programs. • The City was invited to the White House and recognized by the First Lady for its commitment to creating healthy lifestyles. • Rancho Cucamonga was named number one in the nation (an honor shared with only four other communities) among participating cities in the Let's Move! campaign led by First Lady Michelle Obama and was featured in a blog posting (for a second time) on the Let's Move! website. • Bringing Health Home Program increased 133 %, assisting 342 new families in 2013 for a total of 599 families enrolled through the end of the year. • Healthy RC developed and adopted a comprehensive Strategic Plan — A Road Map for a Healthy Future in Rancho Cucamonga. The strategic plan lays the foundation for initiatives that Healthy RC will take on over the next 5+ years. The process of developing the Healthy RC Strategic Plan multi- faceted, community- driven, and designed to solicit input from all the diverse voices of Rancho Cucamonga. It included four elements: Stakeholder Meetings, Key Partner Interviews, Healthy RC Survey, and Community Forum & City Council Workshop. Over 32,600 individuals represented by the groups involved in the stakeholder meetings were reached - approximately I in every 5 Rancho Cucamonga residents. • The City of Rancho Cucamonga was awarded a Bicycle Friendly Community designation (Bronze Level) by the League of American Bicyclists. Rancho Cucamonga is the only city in San Bernardino County to receive this recognition. • For the fourth consecutive year, Rancho Cucamonga was awarded a Playful City USA designation by KABOOM! for its continued commitment to creating opportunities for play. xxii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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 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 2013/14 was to continue identifying and implementing environmentally sustainable initiatives in City operations, establishing and leveraging partnerships, and encouraging Rancho Cucamonga residents and businesses to be more environmentally conscious. Some of the accomplishments under this initiative include: • Reenergizing the interdepartmental Green Team to develop more coordinated and cohesive sustainability programs. (April 2014) • Received the Red Tape to Red Carpet Award from the Inland Empire Economic Partnership (IEEP) for the Solar RC initiative and its efforts to make solar photovoltaic generation a more attractive choice for residents. (February 2014) • Participated in the statewide Cool California Challenge to engage residents in taking action to reduce household energy use and vehicle miles traveled. (April 2014) • Completed the first phase of the Joint Solar Power Procurement project with San Bernardino Associated Governments (SANBAG) to explore the opportunity to jointly procure renewable solar photovoltaic power. (October 2013) • Participated in the Greenhouse Gas Reduction Plan with SANBAG to assist the city in the development of a local climate action plan. (March 2014) • Secured funding for a Healthy RC Sustainability Action Plan which will include initiatives, goals and action items that will move Rancho Cucamonga toward becoming a more sustainable city. (October 2013) 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. It produces the quarterly community newsletter Rancho Reporter; prepares an online monthly newsletter RC Connection prepares and distributes news releases; answers media inquiries; oversees all programming on the City's Government Access Channel RCTV -3; produces brochures, flyers, and other literature; promotes special events; and provides media relations and public relations counsel to City departments. Legislative Affairs Program The City Manager's Office coordinates a very active legislative program focused on protecting the interests of our community and identifying 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. xxiii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga The 2014 Legislative Session was especially busy with the City tracking 37 state and federal bills and 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. The inter - governmental agencies the City of Rancho Cucamonga participates in include SANBAG, Omnitrans, SCAG, and Metrolink. City officials are also actively involved, and have taken on several leadership positions, in the League of California Cities, a statewide association that advocates for cities' interests. The City Manager's Office regularly coordinates regional meetings, providing topics and speakers that are of interest to city officials throughout the Inland Empire. 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, or via email through the City's General Information Email Account. Cable Television Franchise Administration The City Manager's Office oversees the non - exclusive cable television franchises through enforcement of 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. Annual Reporting The City Manager's Office oversees the publication of the Department Statistics Report that provides the City Council and the public with information on the operations and accomplishments of each City department. Key performance measurements 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 and are just a few of the statistics that can be found in this detailed report. The City Manager's Office staff updates the report on a biannual basis, with data for the first six months of the calendar year reported in the fall and data for the full calendar reported in the spring. 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 xxly December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga also prepares notices of public hearing for the newspaper, receives and opens bids for city projects, and maintains the Municipal Code book. 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 2013/14, the Animal Center attended on average four offsite adoption events that ranged from local community gatherings to regional pet adoption days. Additionally, the Department partnered with other City Departments for events that would bring different xxv December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga audiences together, while highlighting animals that were in need of new homes. For example, the Public Works Pet Adoption Day had a great community response. Community members enjoyed adopting a new pet and learning about the different Public Works vehicles that are used to keep our City clean and safe. The Department increased adoption promotions using both value -added and price point strategies such as Home for the Holidays, Me and My Shadow, Name Your Price Adoption Event and $5 Feline Fridays and incentive adoptions like tickets to local community events with an adoption of one of the Center's pets. In addition, the department continued to increase its marketing of animals through photography, videos and networking via the website and social media. 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, and the Furry Friends Festival and Pet Walk- A -Thon events. Funds raised will go directly back into more community programs in the upcoming fiscal year. The Department continued the summer reading and humane education program called Puppy Rhymes and Story Times, a program giving children an opportunity to read to a Therapy Dog and improve their literacy skills while learning how to be humane and compassionate towards animals. In addition, the department hosted events such as their Open House in February, inviting the community to the Animal Center for a behind the scenes tour. 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 xxvl December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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. Administrative Services Group 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 2013/14 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, and also continued to revamp the new employee orientation. 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 26th 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 submitted its newly designed budget document to the GFOA's Distinguished Budget Awards Program. The City was first awarded the Distinguished Budget Presentation Award for its FY 2012/13 budget in January 2013. The Department received its second consecutive award for the FY 2013/14 budget in March 2014. xxvii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga The Department continues to assist with the winding down operations of the RDA Successor Agency, with its own separate and new accounting needs. The Finance Department team has shouldered this additional responsibility while at the same time seeing the loss of one full -time and one part-time position as part of the RDA loss. This speaks to the professionalism and commitment of the staff who have stepped up to the plate during this very unusual and unfortunate time. The Finance Department's Business License Division ensures compliance with City codes as they relate to business licenses, transient occupancy and admission taxes. During Fiscal Year 2013/14 staff processed approximately 9,802 business license applications (7,567 renewals and 2,235 new filings), inspected 672 businesses, and collected revenues totaling $2,308,891. 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 Fiscal Year 2013/14, the Division reviewed the City's Investment Policy to determine enhancements that could be made to ready it for submission to the California Municipal Treasurers Association (CMTA) for certification. Subsequent to fiscal year end, the Division submitted the City's Investment Policy to the 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: • Implemented applicable provisions of the Affordable Health Care Act. • Negotiated and reached agreement on three -year Memorandums of Understanding with the two represented City bargaining units, Rancho Cucamonga City Employees Association and San Bernardino Public Employees Association. 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. xxv ii December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 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. Division highlights this year include the following: • On 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. • The Division implemented the REGIS Connect Business Plan to enable the City to share its GIS services with other municipalities while offsetting some of the Division's costs. REGIS Connect received its first contract from the Town of Yountville to provide the Town with GIS services including a GIS Needs Assessment, project management, data development and data collection, application development, training and support services. • In support of the Police Department, the Division has worked to improve and add new and updated features to the "Active Shooter" mapping application that will be used for emergency situations in schools in the City. The Division assisted the Police in multiple operations by providing apps for deputies to update target location details. • The Division unveiled the latest Executive Dashboards and "Quickshot" apps. The Executive Dashboards app provides a real -time common operational picture of the City that can be used by City management to keep track of what's happening. The customized mobile app "Quickshot" enables field staff to take pictures and attach them to incidents. These are made available in the dashboards for the executive team to view pictures of any critical incident. • The Division developed the Military Banner application, which we are particularly proud of because of the stories it tells. Each point displayed on the application is a location of a military banner in Rancho Cucamonga along with a picture of one of our local heroes, so that anyone can easily find them and we can all show our respect for these brave men and women. • With regard to Special Districts Administration, the Division managed the refinancing of a bond issue in Community Facilities District 2004 -01 in order to take advantage of interest rate savings without extending out the life of the bonds. The transaction was completed in February 2014. These savings will go back to the property owners in these districts, lowering their assessments beginning with the December 2014 tax bill payments. • The Division developed GIS web applications and newsletters that disseminate information to the community on the current status of the City's Street Light and Landscape Maintenance Districts. xxiX December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga • The Division conducted yearly Open House events for the City's eleven Landscape Maintenance Districts. The goal of these events was to open a dialogue between the City and property owners on the priorities of the districts. • The Special Districts Division placed over $27 million in special taxes and assessments on the 2014/15 Tax Roll for the City's 35 special districts. 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 2013/14, Information Services replaced aged equipment and upgraded applications to maintain reliable and progressive services for our staff and community. The Division completed the largest enterprise system implementation in the City's history — Accela Automation. Accela and its public portal, Accelerate, allow contractors and developers to apply for and pay for permits, schedule inspections, and check project status online. During FY 2014/15, the Division will work with staff from the Community Development departments to add electronic document submittal capability, making the entire permit process an online activity rather than requiring a trip to City Hall. Purchasing 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 as well as responsibility for the City's telecommunication needs. Division highlights this year include the following: In May of 2014, the Purchasing Division submitted an application for the 2014 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 has been the recipient of the award for the sixth year in a row. Efficiently disposed of surplus City assets through online bidding applications to generate $78,300 in additional revenue for the City. III. 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 (CAFR) for the fiscal year ended June xxx December 31, 2014 To the Honorable Mayor, Members of the City Council and Citizens of the City of Rancho Cucamonga 30, 2013. 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 -six 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 of this 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. Respectfull su 'tte John . Gillison City Manager xxxi Tamara L. Layne Finance Director CITY OF RANCHO CUCAMONGA CITY OFFICIALS JUNE 30, 2014 City Council Name Term Expires L. Dennis Michael Mayor 2014 Sam Spagnolo Mayor Pro -Tern 2016 William J. Alexander Council Member 2014 Marc Steinorth Council Member 2016 Diane Williams Council Member 2014 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 Debra McNay 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 Bell Human Resources Director Robert Neiuber Library Director Robert Karatsu Police Chief Anthony Onodera Public Works Services Director Bill Wittkopf xxxii 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 I Community yin /GIS /IS /Purch /Spec 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 xxxiii Eio Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Rancho Cucamonga California For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2013 *e�V AOa-AWZ.,.o, Executive Director /CEO xxxiv City of Rancho Cucamonga Comprehensive Annual Financial Report June 30, 2014 Financial Section THIS PAGE INTENTIONALLY LEFT BLANK LSE �:: CERTIFIED PUBLIC ACCOUNTANTS V IW A Division of LSL, CPAs viLmure, peeLer & boucher INDEPENDENT AUDITORS' REPORT To the Honorable Mayor and Members of the City Council City of Rancho Cucamonga, California Report on 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, 2014, 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 LSL• CERTIFIED PUBLIC ACCDU NTANFS A EN- W LSL, CPI VILmure, peeLer & Boucher 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, 2014, 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. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and the budgetary comparison information, 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 and 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. 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. 2 LSL 0 CERTIFIED PIIBEIC CCBUNTBNEB A CNrlibn 61 L9L, CPAs ,Tle, peecer & boucher To the Honorable Mayor and Members of the City Council City of Rancho Cucamonga, California Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 29, 2014, 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. 0, 44a C�,4 Brea, California December 29, 2014 3 THIS PAGE INTENTIONALLY LEFT BLANK CITY OF RANCHO CUCAMONGA MANAGEMENT'S DISCUSSION AND ANALYSIS 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, 2014. 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. This is the eleventh consecutive year that the City has issued financial statements pursuant to Statement No. 34 of the Governmental Accounting Standards Board (GASB 34). Comparative data on the government -wide financial statements are only presented in the MD &A. 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. 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. 5 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 19 through 21 of this report. 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 — not the City as a whole. 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 27 and 30 of this report). The City maintains 66 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 funds determination is based on guidelines established by GASB 34. Data for the other 62 governmental funds are combined into a single, aggregated presentation. The basic governmental fund financial statements can be found on pages 22 through 29 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 96 through 127 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 86 of this report. 0 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. 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 182 through 184 in this report. The basic proprietary fund financial statements can be found on pages 31 through 33 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 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 34 of this report. Individual fund data for each agency funds is provided in the form of combining statements found on pages 188 through 200 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 37 of this report. 7 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. TOTAL NET POSITION $ 1,174,949 $ 1,129,295 $ 36,696 $ 34,655 $ 1,211,645 $ 1,163,950 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, 2014, total assets and deferred outflows of resources (of which 60% represents net capital assets of the City, including infrastructure) exceed total liabilities and deferred inflows of resources by $1,211,645,512. Of this amount, $174,422,995 represent unrestricted net position, which is comprised of a positive balance of $164,042,159 for governmental activities, and a positive balance of $10,380,836 for business -type activities. The unrestricted net position may be used to meet the government's ongoing obligations to citizens and creditors. In addition, the City's restricted net position totals $293,225,846 ($292,367,349 for governmental activities and $858,497 for business -type activities) and is dedicated to specific purposes such as community development projects, public safety, fire protection, public works, community services, and capital projects. Lastly, the portion of net position representing the City's net investment in capital assets is $743,996,671 ($718,539,205 for governmental activities and $25,457,466 for business -type activities). A more detailed discussion of these financial data will be discussed in the following sections for both governmental and business -type activities. 0 TABLE 1 NET POSITION (IN THOUSANDS) As of June 30, 2014 Governmental Business -Type Activities Activities Total 2014 2013 2014 2013 2014 2013 Current and other assets $ 482,983 $ 467,272 $ 12,473 $ 9,451 $ 495,456 $ 476,723 Capital assets, net 720,623 690,455 25,457 26,159 746,080 716,614 TOTAL ASSETS 1,203,606 1,157,727 37,930 35,610 1,241,536 1,193,337 Long -term liabilities outstanding 17,675 17,939 - - 17,675 17,939 Other liabilities 10,982 10,493 1,234 955 12,216 11,448 TOTAL LIABILITIES 28,657 28,432 1,234 955 29,891 29,387 Net position: Net investment in capital assets 718,539 687,839 25,457 26,159 743,996 713,998 Restricted 292,368 340,220 858 827 293,226 341,047 Unrestricted 164,042 101,236 10,381 7,669 174,423 108,905 TOTAL NET POSITION $ 1,174,949 $ 1,129,295 $ 36,696 $ 34,655 $ 1,211,645 $ 1,163,950 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, 2014, total assets and deferred outflows of resources (of which 60% represents net capital assets of the City, including infrastructure) exceed total liabilities and deferred inflows of resources by $1,211,645,512. Of this amount, $174,422,995 represent unrestricted net position, which is comprised of a positive balance of $164,042,159 for governmental activities, and a positive balance of $10,380,836 for business -type activities. The unrestricted net position may be used to meet the government's ongoing obligations to citizens and creditors. In addition, the City's restricted net position totals $293,225,846 ($292,367,349 for governmental activities and $858,497 for business -type activities) and is dedicated to specific purposes such as community development projects, public safety, fire protection, public works, community services, and capital projects. Lastly, the portion of net position representing the City's net investment in capital assets is $743,996,671 ($718,539,205 for governmental activities and $25,457,466 for business -type activities). A more detailed discussion of these financial data will be discussed in the following sections for both governmental and business -type activities. 0 The government's total net position increased by $47,695,302, or 4.1%, during the current fiscal year, reflecting positive changes in both governmental activities of $45,653,097 and business -type activities of $2,042,205. The following is an explanation of the major changes: Capital assets (e.g., infrastructure and other capital assets such as buildings, vehicles, furniture and fixtures, etc.) increased by $29,466,727, net of accumulated depreciation. The increase in capital assets is due primarily to the addition of capital construction projects such as the 1 -15 Interchange at Baseline (funded primarily by the Former Redevelopment Agency 2004 Tax Allocation Bonds proceeds) and infrastructure improvements to City's traffic signal, off -road trail, road, and storm drain systems. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Cash and investments increased by $24,353,044 ($21,629,551 from Governmental activities and $2,723,493 from Business -type activities). The increase in cash and investments for Governmental activities was due to increased development activity resulting in a $3,391,612 increase in development fees; reimbursement from bond proceeds for prior year capital projects costs of $2,064,130; reimbursement from other governmental agency of $1,259,918; net growth $2,437,150 in Fire District resources primarily from post -RDA property tax revenues; general overall revenue growth resulting from the improving economy; and less than anticipated costs incurred for general governmental operations. • Long -term debt outstanding (e.g., capital leases, advances, claims and judgments payable, and accrued employee benefits) decreased by $263,158 resulting from capital lease repayments of $531,818 and net increase of claims and judgments and accrued employee benefits in the amount of $268,660. Other liabilities (e.g., accounts payable, accrued interest, due to other governments, etc.) decreased by $767,099. The increase in other liabilities was primarily due to timing of payments at year end. 9 REVENUES: Program Revenues: Charges for services Operating grants and contributions Capital grants and contributions General Revenues: Taxes: Property taxes Admissions taxes Transient occupancy taxes Sales taxes Franchise taxes Intergovernmental - Motor vehicle in -lieu Use of money and property Other Contributions from other governments Gain on sale of capital asset TOTALREVENUES EXPENSES: General government Public safety - police Public safety - fire protection Public safety - animal center Community development Community services Engineering and public works Interest on long -term debt Sports Complex Municipal Utility Regis Connect TOTALEXPENSES INCREASE (DECREASE) IN NET POSITION BEFORE TRANSFERS AND EXTRAORDINARY GAIN TRANSFERS EXTRAORDINARY GAIN (See Note 16) INCREASE (DECREASE) IN NET POSITION Restatement of Net Position (See Note 15) Change in Net Position from Prior Year TABLE 2 CHANGES IN NET POSITION (IN THOUSANDS) Year ended June 30, 2014 Governmental Business -Type Activities Activity Total 2014 2013 2014 2013 2014 2013 $ 16,323 $ 14,905 $ 11,636 $ 11,405 $ 27,959 $ 26,310 9,238 6,572 - - 9,238 6,572 6,242 13,440 58 - 47,157 6,242 13,440 70,933 137,816 - - 70,933 137,816 55 79 103 105 158 184 2,555 2,057 - - 2,555 2,057 26,277 25,281 - 26,277 25,281 7,515 7,038 - 7,515 7,038 76 92 - - 76 92 7,933 2,872 304 157 8,237 3,029 8,820 4,551 60 14 8,880 4,565 29,852 - - - 29,852 - 101 - - - 101 185,920 214,703 12,103 11,681 198,023 226,384 16,644 18,009 - - 16,644 18,009 30,849 29,750 30,849 29,750 29,128 28,126 29,128 28,126 2,570 2,796 2,570 2,796 15,773 15,782 15,773 15,782 13,690 13,193 13,690 13,193 29,600 26,364 29,600 26,364 234 203 - - 234 203 - - 2,186 2,229 2,186 2,229 8,174 8,525 8,174 8,525 - - 34 - 34 - 138,488 134,223 10,394 10,754 148,882 144,977 47,432 80,480 1,709 927 49,141 81,407 (333) (237) 333 237 - - 58 58 - 47,157 80,243 2,042 1,164 49,199 81,407 (1,504) - - - (1,504) - $ 45,653 $ 80,243 $ 2,042 $ 1,164 $ 47,695 $ 81,407 10 The condensed statement of activities of the City's governmental and business -type operations for the period ended June 30, 2014, shows total net position increased by $47,695,302, net of prior year restatement. Governmental activities increased the City of Rancho Cucamonga's net position by $45,653,097 (net of restatement) accounting for approximately 95.7% of the total growth in net position, paired with an increase of $2,042,205 in the Business -Type activities' net position. The prior year net position of the City's governmental funds was restated to decrease net position by $1,503,810 due to the County of San Bernardino taking back prior year residual balance distributions that the Fire District was subsequently determined to be ineligible for. These funds were fully repaid in FY 2013/14. In order of total dollar amount of change in the Governmental activities, the most significant changes in revenue and expenses were in the categories of property taxes; contributions from other governments; use of money and property; and expenses in Engineering and Public Works. Commentary is also provided for the extraordinary gain included above. The decrease in property taxes in the amount of $66,883,546 was due to the City's prior year receipt of two non - recurring distributions from the County of San Bernardino for its share of the low- moderate income housing unencumbered funds and all other unencumbered funds. Also, in the prior year, the City received its share of the post redevelopment agency residual balance distributions to all taxing entities within the city. The residual balance is the amount remaining in the Redevelopment Property Tax Trust Fund (RPTTF) after the County has subtracted its administrative fee, statutory pass - throughs, negotiated pass - throughs, and ROPS payments. • The increase in contributions from other governments of $29,851,545 was for the 1 -15 Interchange at Baseline project funded by the Former Redevelopment Agency 2004 Tax Allocation Bonds proceeds. This is also reflected in the increase in capital assets. • The increase in use of money and property in the governmental activities of $5,060,984 was primarily due to the reversal entry effect of the GASB 31 investment valuation that was recorded as of June 30, 2013 which was a significant unrealized loss. The reversal of this unrealized loss in the current year had a positive impact on the use of money and property for the fiscal year ended June 30, 2014. • The increase in expenses for Engineering and Public Works of $3,236,224 was due to increases in capital related items. • As discussed in Note 16 to the financial statements, the City experienced an extraordinary gain in the amount of $58,427 for the fiscal year ended June 30, 2014. This amount is the net of certain gains and losses resulting from land and land held for resale transfers between the City, the Successor Agency, and the Housing Successor of the City. In the Business -type activities, the change in revenue from the prior fiscal year increased slightly by $517,736 while the expenses decreased by $360,176 for a net increase of $877,912, or 75 %, from the prior year. This net increase was primarily generated from the Rancho Cucamonga Municipal Utility (RCMU) Fund activities. The following presents the cost of each of the City's eight governmental activities: general government, public safety — police, public safety — fire protection, public safety — animal center, community development, community services, engineering and public works, and interest on long -term debt. Revenues generated by these programs consist of charges for services, operating contributions and grants, and capital contributions and grants. Expenses consist of the total expenses for the governmental activities which include expenses unrelated to program revenues. The net cost of services (total cost less revenues generated by the activities) is the amount that was paid from general revenues, i.e., revenues not related to a specific function or program. 11 Governmental Activities (In Thousands) Total Cost of Services 2014 2013 2014 Net Cost of Services 2013 General government $ 16,644 $ 18,009 $ (11,273) $ (13,484) Public safety - police 30,849 29,750 (29,173) (28,502) Public safety - fire protection 29,128 28,126 (28,023) (26,231) Public safety - animal center 2,570 2,796 (2,383) (2,589) Community development 15,773 15,782 (13,397) (13,892) Community services 13,690 13,193 (9,591) (9,156) Engineering and public works 29,600 26,364 (12,612) (5,249) Interest on long -term debt 234 203 (234) (203) Total $ 138,488 $ 134,223 $ (106,686) $ (99,306) 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. 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. On pages 22 through 25, the governmental funds balance sheet is shown. The combined fund balance of $400,991,261 increased by $16,602,156 or approximately 4.3 %. This is a result of a combination of the following: • Increase in cash and investments in the amount of $23,193,155 primarily within the General Fund, Fire District Fund, and Other Governmental Funds. See additional details noted above under Government -Wide Financial Analysis. Decrease to fund balance in the amount of $1,503,810 due to a restatement of beginning fund balance resulting from the County of San Bernardino taking back prior year residual balance distributions that the Fire District was subsequently determined to be ineligible for. These funds were fully repaid in FY 2013 -14. • Decrease to fund balance in the amount of $3,473,832 due to the transfer of land held for resale from the Housing Successor Agency (City) to the Successor Agency of the Former RDA (Successor Agency). This transfer resulted in an extraordinary loss for the City and an extraordinary gain for the Successor Agency, as discussed in Note 16 to the financial statements. The combined fund balance of $400,991,261 represents the starting point for the reconciliation of the balance sheet of governmental funds to the statement of net position detailed on page 27 of this report. This total includes the General Fund balance of $109,192,476, which increased by $9,065,973 from the prior year. Of the total General Fund balance, $14,266,118 or 13.0% constitutes non - spendable reserves, which means that these reserves must be maintained intact; $1,527,198 or 1.4% are restricted fund balances which are the result of external limitations on spending; $68,857,871 or 63.1 % are committed fund balances which 12 have resulted in internally- imposed limitations placed upon the funds by the City Council; the assigned reserves of $24,541,289 or 22.5% are intended by the City Council for specific purposes, but are neither restricted nor committed, in accordance with City's policy. 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. A brief description of the committed fund balances follows: Committed for chan_pes in economic circumstances: The fund balance committed for changes in economic circumstances is the reserve that is often referred to by the general public when a reference is made as to the amount of a City's reserve. This is the "savings account" of non - recurring revenue that would be utilized should an economic downturn or an emergency occur, and it is one of the major factors that rating agencies consider when rating a city's fiscal health. 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. • Committed for City facilities' capital repair. The City facilities' capital repair funding goal mirrors the industry standard of 25% of capital asset value comprised of construction in progress (excluding infrastructure), building improvements, and improvements other than buildings for governmental activities. Capital repairs for all City facilities and buildings are funded independently of the General Fund operating budget, which only pays for routine annual operational maintenance. • Committed for self - insurance: The fund balance commitment for self- insurance is 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. The funding for this commitment is established at a minimum goal of three times the City's total yearly SIR for all types of insurance coverage. • Committed for working capital: The fund balance committed for working capital is intended to provide sufficient liquidity for the City's day -to -day operations so that fluctuations in revenue receipts throughout the year will not disrupt the City's investment portfolio. Thus, the City is able to avoid having to borrow for operations. The funding level for this commitment has been established by the City Council at 5% of the City's General Fund operating budget for the upcoming fiscal year. • Committed for employee leave payouts: This commitment sets aside funding for future employee leave payouts such as sick leave, vacation, etc., and is separate from recurring personnel costs. • Committed for law enforcement: This commitment represents Police Department fund balance used to facilitate unexpected equipment, facilities, or other law enforcement needs within the community. • Committed for booking fees: This commitment is to provide funding for an increase in the fees that the County of San Bernardino (County) charges the City for the booking of prisoners. The funding goal for this commitment is equal to the value of 18 months of booking fees that could be charged by the County in the event that backfill funding is not provided by the State of California. 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. 13 The balance sheet presents three other major funds, the Citywide Infrastructure Improvement Special Revenue Fund, the Housing Successor Agency Special Revenue Fund, and the Fire District Special Revenue Fund. The Citywide Infrastructure Improvement Special Revenue Fund has a fund balance of $6,271,151 which increased by $2,560,372 from the prior year primarily due to the delay in certain capital expenditures that were used budgeted in this fund. In the prior year, funds were mostly used for the Hellman Storm Drain and Street Improvement project. The purpose of this fund is to account for capital improvement reimbursements from other governments such as the San Bernardino Associated Governments (SANBAG). The funds will be used for general infrastructure improvements throughout the City. The Housing Successor Agency Special Revenue Fund has a fund balance of $119,789,418 which decreased by $2,939,008 from the prior year primarily due to the transfer of land held for resale from the Housing Successor Agency to the Successor Agency resulting in an extraordinary loss for the Housing Successor Agency. The purpose of this fund is to account for assets of the former Redevelopment Agency's Low and Moderate Income Housing Fund. 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 $65,326,134 which increased by $2,645,303 from the prior year at the restated beginning fund balance (restatement previously discussed in the amount of $1,503,810). Comparing current and prior year revenues and expenses, the District's revenues and expenditures decreased by $58,414,659 and $15,447,027, respectively. Included in the prior year revenues were two distributions of one -time revenues from the Successor Agency as noted above. Expenditures decreased mainly due to the prior year repayment of funds advanced by the City to the District in prior years to fund ongoing operations. It should be noted that the total fund balance for the Fire District Special Revenue Fund of $65,326,134 is $4,149,029 less than the total fund balance per the District's component unit financial statements of $69,475,163. 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. 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 49 special revenue funds and 13 capital project funds. These funds have a combined fund balance of $100,412,082, which has increased by $5,269,516 from the prior year, primarily due to revenue increases in the intergovernmental, developer participation, and use of money and property categories. 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 a new fund in fiscal year 2013/14, 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 management, to individual funds. 14 Net position for the enterprise funds is $36,696,799 of which $25,457,466 represents the amount invested in capital assets and $858,497 is restricted for the purpose of public benefit of the Municipal Utility. Unrestricted net position amounts to $10,380,836. The increase in net position for the enterprise funds is $2,042,205, due to revenues exceeding expenditures during the year predominantly coming from the Rancho Cucamonga Municipal Utility. Before transfers, the Municipal Utility Fund generated income (net of revenues and expenses) in the amount of $3,292,303, and was able to transfer $1,055,350 to the General Fund to cover cost of operations resulting to a net increase in its net position of $2,236,953. Before transfers, the Sports Complex Fund experienced a loss of $1,608,028 and received a transfer from the General Fund in the amount of $1,388,180 to cover the Fund's operating deficit resulting in a net decrease to its net position of $219,848. Being its first full year of operations, REGIS Connect generated net income in the amount of $25,100. Net position for the internal service funds is $13,847,912, of which $1,804,667 represents the amount invested in capital assets. Unrestricted net position amounts to $12,043,245 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 $1,672,347 due its operational costs. The Equipment and Vehicle Replacement Fund experienced a loss in the amount of $716,034 paired with the loss in the Computer Equipment /Technology Replacement Fund before transfers from the General Fund in the amount of $1,534,966. The General Fund transferred $135,070 to the Computer Equipment and Technology Replacement Fund to offset a portion of its operational costs resulting in a net loss for the Computer Equipment /Technology Replacement Fund in the amount of $1,399,896. 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. For the City's General Fund, ending revenues of $74,988,733 were $4,633,563 more than the final budgeted revenues of $70,355,170. This positive variance was primarily due to the reimbursement from the Successor Agency of the Former Redevelopment Agency to the Capital Reserve Fund in the amount of $1,764,187, more than anticipated tax revenues (including post RDA residual balance of distributions to all taxing entities) in the amount of $1,601,003, interest earnings and the effects of GASB 31 (fair value of investments) in the amount of $512,961, intergovernmental revenues in the amount of $102,693 and charges for services in the amount of $275,938. The remaining difference is due to offsetting variances within other line items. The General Fund's actual ending expenditures of $66,751,838 were $2,852,122 less than the final budget of $69,603,960. Capital outlay was underbudget by $573,977 mostly due to the Council Chamber AV and City Hall Roof /Patio Replacement projects that were delayed. Community Development — Planning had a positive budget variance of $551,208 due to less than anticipated requests for expedited contract inspections. There is a corresponding budget variance in revenues for less than anticipated Planning Special Services Fees. Engineering and Public Works — Facilities Maintenance experienced savings in the amount of $542,239 primarily in the areas of personnel costs and contract services. There were savings of $468,104 in Public Safety — Police for contract services, gasoline, and vehicle operations. Management information services experienced savings in the amount of $239,171 primarily from its contract services. Additional savings occurred in many of the other General Fund departments. 15 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 $746,080,561 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 $29,466,729 from prior year. TABLE 3 CAPITAL ASSETS AT YEAR -END (NET OF DEPRECIATION, IN THOUSANDS) For the year ended June 30, 2014 TOTALS $ 720,623 $ 690,455 $ 25,457 $ 26,159 $ 746,080 $ 716,614 The most significant change in capital assets for governmental activities is the increase in construction in progress (CIP) primarily for the 1 -15 Interchange at Baseline funded by the Former Redevelopment Agency 2004 Tax Allocation Bonds proceeds. Also, other increases to the CIP are infrastructure improvement to City's signal, off -road trails, as well as road and storm drain improvement projects. The business -type activity capital assets decreased slightly (including additions and deletions) primarily due to the annual depreciation. Additional information on the City's capital assets can be found in Note 5 in the financial statements. Debt Administration At year end, the City's governmental activities had total debt outstanding in the amount of $17,675,473 for capital leases, advances from Successor Agency, claims and judgments payable, and accrued employee benefits compared to $17,938,631 in the prior year, a decrease by $263,158. (See Table 4 below). 16 Governmental Business -Type Activities Activities Total 2014 2013 2014 2013 2014 2013 Land $ 79,888 $ 74,618 $ 5,451 $ 5,451 $ 85,339 $ 80,069 Right -of -way 231,932 231,932 - - 231,932 231,932 Construction in progress 51,349 18,265 391 - 51,740 18,265 Buildings and improvements 94,864 83,010 8,182 8,612 103,046 91,622 Equipment and vehicles 4,433 4,606 117 91 4,550 4,697 Furniture and fixtures 103 34 57 68 160 102 Infrastructure 256,064 275,704 11,256 11,931 267,320 287,635 Intangible 1,990 2,286 3 6 1,993 2,292 TOTALS $ 720,623 $ 690,455 $ 25,457 $ 26,159 $ 746,080 $ 716,614 The most significant change in capital assets for governmental activities is the increase in construction in progress (CIP) primarily for the 1 -15 Interchange at Baseline funded by the Former Redevelopment Agency 2004 Tax Allocation Bonds proceeds. Also, other increases to the CIP are infrastructure improvement to City's signal, off -road trails, as well as road and storm drain improvement projects. The business -type activity capital assets decreased slightly (including additions and deletions) primarily due to the annual depreciation. Additional information on the City's capital assets can be found in Note 5 in the financial statements. Debt Administration At year end, the City's governmental activities had total debt outstanding in the amount of $17,675,473 for capital leases, advances from Successor Agency, claims and judgments payable, and accrued employee benefits compared to $17,938,631 in the prior year, a decrease by $263,158. (See Table 4 below). 16 Capital Leases Advances from Successor Agency Claims and Judgments Payable Accrued Employee Benefits TOTALS TABLE 4 OUTSTANDING DEBT, AT YEAR END (IN THOUSANDS) For the year ended June 30, 2014 Governmental Business -Type Activities Activities Total 2014 2013 2014 $ 2,084 $ 2,615 $ 3,954 3,954 4,179 3,763 7,458 7,607 2013 2014 2013 $ 2,084 $ 2,615 3,954 3,954 4,179 3,763 7,458 7,607 $ 17,675 $ 17,939 $ - $ - $ 17,675 $ 17,939 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 FY 2009/10, in its third quarterly report of 2014, the UCLA Anderson Forecast indicates that the U.S. economy is growing, the unemployment rate is dropping, and defense spending is on the rise. On an annual basis, the nation's Gross Domestic Product (GDP) growth is anticipated at 3.1 % in 2015 and 3.4% in 2016. The unemployment rate is expected to fall to 5.3% by the end of 2016. While the economy is returning to its new normal, it is still operating well below what would have been expected before the recession five years ago. The UCLA Anderson forecast includes an inflation at 2 percent or higher over the next two years, driven primarily by rising residential rents and increasing health care costs. It expects that the Federal Reserve Board could raise rates by March 2015, in response to declining unemployment and rising inflation. The sectors expected to fuel the nation's economic growth include housing, nonresidential construction, and investment in equipment and software. Locally, Rancho Cucamonga is experiencing slow, gradual growth. Key indicators are the slow improvements in the unemployment rate and growth in property tax and sales tax revenues. Unemployment in Rancho Cucamonga is 5.0% as of November 2014, compared to 7.7% in San Bernardino County. This is a 0.9% decrease from the November 2013 rate of 5.9% for Rancho Cucamonga. Property tax for FY 2013/14 shows a net taxable value increase of 3.1% overall and an increase in the median price for single family residential by more than 20 %. Sales tax revenues show growth of 4% from the prior year. The City faces challenges in creating a better future by controlling rising costs for fixed utilities; controlling rising personnel costs (health and retirement costs) while maintaining a quality workforce; embracing mobile technologies that enhance, streamline and improve the traditional services of local government; setting aside reserves for capital and infrastructure needs; and creating a new Economic Development Plan and strategy for the City along with a culture where all employees and officials understand that economic development is everyone's job. The Fiscal Year 2014/15 General Fund Budget is $69,162,990 and for the third year in a row does not require the use of General Fund reserves. The operating budget represents a $3,922,500 or 6% increase from FY 2013/14. The Police Department's budget increased by $1,405,320 overall due primarily to increased public safety pension and labor costs as well as changes in workers compensation. The FY 2014/15 Adopted Budget has dedicated $607,480 to go into the City's Capital Reserve as part of the City's ongoing commitment to set aside funds each fiscal year for capital expenditures. 17 Questions or requests for information regarding the City of Rancho Cucamonga's Fiscal Year 2014/15 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. 18 CITY OF RANCHO CUCAMONGA STATEMENT OF NET POSITION JUNE 30, 2014 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 Due from Successor Agency Advances to Successor Agency Prepaid other post employment benefits Prepaid PARS retirement enhancement plan Land held for resale Restricted assets: Cash with fiscal agent Capital assets, not being depreciated Capital assets, net of depreciation Total Assets 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 Total Liabilities 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 19 Primary Government Governmental Business -Type Activities Activities Total $ 283,351,330 $ 10,549,969 $ 293,901,299 14,957,149 8,238,249 137,287,565 313,829 1,113, 748 1,191,304 27,407 393,228 42,198 123,162 152,263 9,521,227 16,189,075 7,563,887 1,076,211 1,440,855 363,169, 017 357,454,078 1,203,605,782 1,930,065 2,196 10,312 (27,407) 7,854 5,841,652 19,615,814 ,27 win UGC 16,887,214 8,238,249 137,289,761 324,141 1,113, 748 1,191,304 401,082 42,198 123,162 152,263 9,521,227 16,189,075 7,563,887 1,076,211 1,440,855 369,010,669 377,069,892 1,241, 536,237 6,908,767 956,739 7,865,506 2,208,534 57,086 2,265,620 700,947 - 700,947 42,959 218,831 261,790 1,113,748 1,000 1,114,748 6,641 - 6,641 6,948,549 - 6,948,549 10,726,924 - 10,726,924 28,657,069 1,233,656 29,890,725 718,539,205 150,932,330 1,124,599 65, 326,134 42,267,728 8,903,233 23,813,325 164,042,159 $ 1,174,948,713 25,457,466 858,497 10,380,836 $ 36,696,799 743,996,671 150,932,330 1,124,599 65, 326,134 42,267,728 8,903,233 23,813,325 858,497 174,422,995 $ 1,211,645,512 CITY OF RANCHO CUCAMONGA STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2014 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 Contributions from other governments Gain on sale of capital asset Extraordinary gain 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 20 Program Revenues Operating Capital Charges for Contributions Contributions Expenses Services and Grants and Grants Functions /Programs Primary Government: Governmental Activities: General government $ 16,644,842 $ 4,957,826 $ 412,805 $ - Public safety - police 30,849,283 1,152,805 524,055 - Public safety - fire protection 29,127,968 1,065,852 - 40,006 Public safety - animal center 2,569,847 186,434 - - Community development 15,772,923 823,225 1,552,551 - Community services 13,690,338 3,295,354 804,104 - Engineering and public works 29,600,137 4,841,725 5,944,136 6,201,832 Interest on long -term debt 234,057 - - - Total Governmental Activities 138,489,395 16,323,221 9,237,651 6,241,838 Business -Type Activities: Sports Complex 2,186,016 300,379 - - Municipal Utility 8,173,924 11,276,531 - - REGIS Connect 33,853 58,949 - - Total Business -Type Activities 10,393,793 11,635,859 - - Total Primary Government $ 148,883,188 $ 27,959,080 $ 9,237,651 $ 6,241,838 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 Contributions from other governments Gain on sale of capital asset Extraordinary gain 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 20 Net (Expenses) Revenues and Changes in Net Position Primary Government Governmental Business -Type Activities Activities Total $ (11,274,211) $ - $ (11,274,211) (29,172,423) - (29,172,423) (28,022,110) - (28,022,110) (2,383,413) - (2,383,413) (13,397,147) - (13,397,147) (9,590,880) - (9,590,880) (12,612,444) - (12,612,444) (234,057) - (234,057) (106,686,685) - (106,686,685) - (1,885,637) (1,885,637) - 3,102,607 3,102,607 - 25,096 25,096 - 1,242,066 1,242,066 (106,686,685) 1,242,066 (105,444,619) 70,932,961 - 70,932,961 55,258 103,308 158,566 2,554,570 - 2,554,570 26,277,429 - 26,277,429 7,515,229 - 7,515,229 75,900 - 75,900 7,934,454 304,113 8,238,567 8,820,348 59,888 8,880,236 29,851,545 - 29,851,545 100,301 - 100,301 58,427 - 58,427 (332,830) 332,830 - 153,843,592 800,139 154,643,731 47,156,907 2,042,205 49,199,112 1,129,295,616 34,654,594 1,163,950,210 (1,503,810) - (1,503,810) $ 1,174,948,713 $ 36,696,799 $ 1,211,645,512 See Notes to Financial Statements 21 CITY OF RANCHO CUCAMONGA BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2014 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 Successor Agency Advances to Successor Agency 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 General $ 91,511,232 Special Revenue Funds Citywide Housing Infrastructure Successor Improvement Agency Fire District $ 6,239,337 $ 1,743,716 $ 69,672,844 663,684 13,077,746 - 926,580 6,747,414 - - 364,777 - - 137,287,216 - 91,605 5,615 - 102,523 275,862 - 9,235 59,788 20,000 - - - 788,428 - - - 4,449,029 - - - 149,338 - - 2,925 9,521,227 - - - 123,162 - - - $ 114,340,981 $ 19,322,698 $ 139,040,167 $ 71,129,437 $ 1,992,151 $ 2,069 $ - $ 1,046,254 1,189,419 - - 608,020 42,959 - - - 6,641 - - - - - - 4,149,029 3,231,170 2,069 - 5,803,303 1,917,335 13,049,478 19,250,749 - 1,917,335 13,049,478 19,250,749 - See Notes to Financial Statements 22 CITY OF RANCHO CUCAMONGA BALANCE SHEET GOVERNMENTALFUNDS JUNE 30, 2014 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 Successor Agency Advances to Successor Agency 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 23 Other Total Governmental Governmental Funds Funds $ 102,022,434 $ 271,189,563 289,139 14,957,149 1,126,058 8,238,249 349 137,287,565 100,303 300,046 1,113,748 1,113,748 1,191,304 1,191,304 48,343 393,228 22,198 42,198 - 788,428 - 4,449,029 - 152,263 - 9,521,227 - 123,162 1,076,211 1,076,211 1,440,855 1,440,855 $ 108,430,942 $ 452,264,225 $ 3,735,988 $ 6,776,462 411,095 2,208,534 700,947 700,947 - 42,959 1,113,748 1,113,748 761,021 761,021 - 6,641 300,000 4,449,029 7,022,799 16,059,341 996,061 35,213,623 996,061 35,213,623 CITY OF RANCHO CUCAMONGA BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2014 See Notes to Financial Statements 24 Special Revenue Funds Citywide Housing Infrastructure Successor General Improvement Agency Fire District Fund Balances: Nonspendable: Prepaid costs 275,862 - 9,235 59,788 Deposits 20,000 - - - Notes and loans - - 118,036,467 - Land held for resale - - - - Advances to other funds 4,449,029 - - - Advances to Successor Agency 9,521,227 - - - Restricted: Community development projects - - 1,743,716 - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - - Capital improvement projects 275,046 6,271,151 - 1,634,861 Street lighting - - - - Landscape maintenance - - - - Library services - - - - Underground utilities Technology replacement 45,607 - - 19,807 General plan update 136,604 - - - Contractual obligation 502,727 - - 67,580 Information technology 557,482 - - - SB1186 certified access specialist services 9,732 - - - Committed: Vehicle and equipment replacement - - - 3,630,871 Working capital 3,458,150 - - 13,317,872 Booking fees 1,391,059 - - - City facilities capital repair 26,210,087 - - - Changes in economic circumstances 17,191,373 - - 8,890,876 Employee leave payouts 6,245,442 - - 2,564,716 Self insurance 7,583,333 - - - Fire District facilities capital repair - - - 8,642,982 PERS rate stabilization - - - 3,799,274 Law enforcement 6,778,427 - - - Assigned: Radio system acquisition 501,722 - - - Communications - - - 1,153,445 Dispatch system acquisition - - - 420,613 City infrastructure 19,020,323 - - - Capital projects - - - 21,105,498 Economic and community development special services 1,779,650 - - - Sphere of influence issues 2,709,910 - - - Animal Center operations 375,911 - - - GASB 31 unrealized gain 9,907 - - - Mobile home park program 92,561 - - - Continuing operations 51,305 - - 17,951 Unassigned - - - - Total Fund Balances 109,192,476 6,271,151 119,789,418 65,326,134 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 114,340,981 $ 19,322,698 $ 139,040,167 $ 71,129,437 See Notes to Financial Statements 24 CITY OF RANCHO CUCAMONGA BALANCE SHEET GOVERNMENTALFUNDS JUNE 30, 2014 Fund Balances: Nonspendable: Prepaid costs Deposits Notes and loans Land held for resale Advances to other funds Advances to Successor Agency 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 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 25 Other Total Governmental Governmental Funds Funds 48,343 393,228 22,198 42,198 - 118,036,467 1,076,211 1,076,211 - 4,449,029 - 9,521,227 12,804,633 14,548,349 1,124, 599 1,124, 599 2,461,872 2,461,872 42,576,615 42,576,615 5,826,795 14,007,853 5,229,916 5,229,916 12,067,149 12,067,149 6,344,183 6,344,183 11,406,492 11,406,492 - 65,414 - 136,604 - 570,307 - 557,482 - 9,732 - 3,630,871 - 16,776,022 - 1,391,059 - 26,210,087 - 26,082,249 - 8,810,158 - 7,583,333 - 8,642,982 - 3,799,274 - 6,778,427 - 501 ,722 - 1,153,445 - 420,613 - 19,020,323 - 21,105,498 - 1,779,650 - 2,709,910 - 375,911 - 9,907 - 92,561 - 69,256 (576,924) (576,924) 100,412,082 400,991,261 $ 108,430,942 $ 452,264,225 THIS PAGE INTENTIONALLY LEFT BLANK 26 CITY OF RANCHO CUCAMONGA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2014 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. Long -term debt and compensated absences are not included in the governmental fund activity: Advances from Successor Agency Claims and judgments Capital leases Compensated absences 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 27 $ (3,953,624) (4,179,030) (82,024) (7,458,929) $ 400,991,261 716,816,562 (15,673,607) 16,189,075 7,563,887 35,213,623 13,847,912 $1,174,948,713 CITY OF RANCHO CUCAMONGA STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTALFUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Extraordinary gain /(loss) Net Change in Fund Balances Fund Balances: Beginning of year, as originally reported Restatements Beginning of year, as restated Net change in fund balances End of Year General Special Revenue Funds Citywide Housing Infrastructure Successor Improvement Agency Fire District $ 56,947,193 $ - $ - $ 33,603,114 3,773,347 - - 102,152 591,253 1,999,129 - - 4,054,598 - - 51,684 1,550,481 67,018 632,975 1,329,003 1,160,217 - - 17,586 46,130 - - - 5,596,801 635,757 26,034 849,979 73,720,020 2,701,904 659,009 35,953,518 10,621,211 - 124,185 - 30,110,634 - - - - - - 28,422,811 2,569,847 - - - 4,261,418 - - - 4,143,912 - - - 10,947,971 10,587 - - 397,199 130,945 - 3,207,087 8,848 - - 3,113 5,410 - - 189,752 63,066,450 141,532 124,185 31,822,763 10,653,570 2,560,372 534,824 4,130,755 1,186,770 - - - (2,856,310) - - - 81,943 - - 18,358 (1,587,597) - - 18,358 - - (3,473,832) - $ 9,065,973 $ 2,560,372 $ (2,939,008) $ 4,149,113 $ 100,126,503 $ 3,710,779 $ 122,728,426 $ 62,680,831 - - - (1,503,810) 100,126,503 3,710,779 122,728,426 61,177,021 9,065,973 2,560,372 (2,939,008) 4,149,113 $ 109,192,476 $ 6,271,151 $ 119,789,418 $ 65,326,134 See Notes to Financial Statements 28 CITY OF RANCHO CUCAMONGA STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTALFUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Extraordinary gain /(loss) Net Change in Fund Balances Fund Balances: Beginning of year, as originally reported Restatements Beginning of year, as restated Net change in fund balances End of Year See Notes to Financial Statements 29 Other Governmental Funds $ 16,726,011 950 10,217,697 3,812,459 2,424,292 738,410 4,929,192 3,366,710 42,215,721 3,582,289 300,769 40,006 10,905,866 7,737,843 6,657,739 8,468,917 8,060 2,773 37,704,262 Total Governmental Funds $ 107,276,318 3,876,449 12,808,079 7,918,741 6,003,769 1,177, 803 784,540 4,929,192 10,475,281 155,250,172 14,327,685 30,411,403 28,462,817 2,569,847 15,167,284 11,881,755 17,616,297 12,204,148 20,021 197,935 132,859,192 4,511,459 22,390,980 975,075 2,161,845 (217,018) (3,073,328) - 100,301 758,057 (811,182) - (3,473,832) $ 5,269,516 $ 18,105,966 $ 95,142,566 95,142,566 5,269,516 $ 100,412,082 $ 384,389,105 (1,503,810) 382,885,295 18,105, 966 $ 400,991,261 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, 2014 Net change in fund balances - total governmental funds $ 18,105,966 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 $ 40,919,274 Capital assets contributed from the Successor Agency 3,532,259 Depreciation (12,734,974) Gain /(loss) on sale of capital assets (694,452) 31,022,107 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 20,020 Change in claims and judgments payable (416,348) (396,328) 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. 147,688 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. (258,135) 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. (303,442) 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. 511,398 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. (1,672,347) Change in net position of governmental activities $ 47,156,907 See Notes to Financial Statements 30 CITY OF RANCHO CUCAMONGA STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2014 Noncurrent: Capital assets - net of accumulated depreciation 13,632,853 11,824,613 - 25,457,466 3,806,533 Total Noncurrent Assets 13,632,853 11,824,613 - 25,457,466 3,806,533 Total Assets $ 13,979,251 $23,924,787 $ 53,824 $ 37,957,862 $ 15,982,083 Liabilities and Net Position: Liabilities: Current: Accounts payable Business -Type Activities - Enterprise Funds Governmental $ 1,105 $ 956,739 $ 132,305 Accrued liabilities 38,879 Activities - 212 Sports Municipal REGIS - Internal - Complex Utility Connect Total Service Funds Assets: 1,000 - Due to other funds - - Current: 27,407 - Capitalleases - - Cash and investments $ 335,333 $10,214,636 $ - $ 10,549,969 $ 12,161,767 Receivables: 1,261,063 629,298 Noncurrent: Accounts 11,065 1,865,676 53,324 1,930,065 - Notes and loans - 2,196 - 2,196 - Accrued interest - 10,312 - 10,312 13,783 Prepaid costs - 7,354 500 7,854 - Total Current Assets 346,398 12,100,174 53,824 12,500,396 12,175,550 Noncurrent: Capital assets - net of accumulated depreciation 13,632,853 11,824,613 - 25,457,466 3,806,533 Total Noncurrent Assets 13,632,853 11,824,613 - 25,457,466 3,806,533 Total Assets $ 13,979,251 $23,924,787 $ 53,824 $ 37,957,862 $ 15,982,083 Liabilities and Net Position: Liabilities: Current: Accounts payable $ 56,210 $ 899,424 $ 1,105 $ 956,739 $ 132,305 Accrued liabilities 38,879 17,995 212 57,086 - Deposits payable - 218,831 - 218,831 - Due to other governments - 1,000 - 1,000 - Due to other funds - - 27,407 27,407 - Capitalleases - - - - 496,993 Total Current Liabilities 95,089 1,137,250 28,724 1,261,063 629,298 Noncurrent: Capital leases - - - - 1,504,873 Total Noncurrent Liabilities - - - - 1,504,873 Total Liabilities 95,089 1,137,250 28,724 1,261,063 2,134,171 Net Position: Net investment in capital assets 13,632,853 11,824,613 - 25,457,466 1,804,667 Restricted for public benefit - Municipal Utility - 858,497 - 858,497 - Unrestricted 251,309 10,104,427 25,100 10,380,836 12,043,245 Total Net Position 13,884,162 22,787,537 25,100 36,696,799 13,847,912 Total Liabilities and Net Position $ 13,979,251 $23,924,787 $ 53,824 $ 37,957,862 $ 15,982,083 See Notes to Financial Statements 31 CITY OF RANCHO CUCAMONGA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2014 Total Operating Expenses Operating Income (Loss) Nonoperating Revenues (Expenses): Admissions tax Interest revenue Interest expense Total Nonoperating Revenues(Expenses) Income (Loss) Before Transfers Transfers in Transfers out Changes in Net Position Net Position: Beginning of Year End of Fiscal Year 2,186,016 8,173,924 33,853 10,393,793 2,507,847 (1,711,901) 3,156,470 25,096 1,469,665 (2,422,167) 103,308 - - 103,308 - 565 135,833 4 136,402 207,289 - - - - (36,122) 103,873 135,833 (1,608,028) 3,292,303 1,388,180 - - (1,055,350) (219,848) 2,236,953 4 239,710 171,167 25,100 1,709,375 (2,251,000) - 1,388,180 578,653 - (1,055,350) - 25,100 2,042,205 (1,672,347) 14,104,010 Business -Type Activities - Enterprise Funds Governmental 15,520,259 $ 13,884,162 $ 22,787,537 $ 25,100 $ 36,696,799 $ 13,847,912 Activities - Sports Municipal REGIS Internal Complex Utility Connect Total Service Funds Operating Revenues: Sales and service charges $ 300,379 $ 11,276,531 $ 58,949 $ 11,635,859 $ 85,680 Rent 167,711 - - 167,711 - Miscellaneous 6,025 53,863 - 59,888 - Total Operating Revenues 474,115 11,330,394 58,949 11,863,458 85,680 Operating Expenses: Salaries and benefits 961,328 454,328 - 1,415,656 - Maintenance and operations 537,532 6,513,786 33,853 7,085,171 1,243,482 Contractual services 257,083 513,959 - 771,042 - Depreciation expense 430,073 691,851 - 1,121,924 1,264,365 Total Operating Expenses Operating Income (Loss) Nonoperating Revenues (Expenses): Admissions tax Interest revenue Interest expense Total Nonoperating Revenues(Expenses) Income (Loss) Before Transfers Transfers in Transfers out Changes in Net Position Net Position: Beginning of Year End of Fiscal Year 2,186,016 8,173,924 33,853 10,393,793 2,507,847 (1,711,901) 3,156,470 25,096 1,469,665 (2,422,167) 103,308 - - 103,308 - 565 135,833 4 136,402 207,289 - - - - (36,122) 103,873 135,833 (1,608,028) 3,292,303 1,388,180 - - (1,055,350) (219,848) 2,236,953 4 239,710 171,167 25,100 1,709,375 (2,251,000) - 1,388,180 578,653 - (1,055,350) - 25,100 2,042,205 (1,672,347) 14,104,010 20,550,584 - 34,654,594 15,520,259 $ 13,884,162 $ 22,787,537 $ 25,100 $ 36,696,799 $ 13,847,912 See Notes to Financial Statements 32 CITY OF RANCHO CUCAMONGA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2014 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 Business -Type Activities - Enterprise Funds Sports Municipal Complex Utility $ 483,698 $ 11,076,742 $ (800,052) (6,805,453) (950,509) (448,252) Governmental Activities - REGIS Internal 5,625 $ 11,566,065 $ 85,680 (33,036) (7,638,541) (1,469,303) - (1,398,761) (1,266,863) 3,823,037 (27,411) 2,528,763 (1,383,623) Cash Flows from Non - Capital Financing Activities: Cash transfers in 1,388,180 1,388,180 578,653 Cash transfers out - (1,055,350) - (1,055,350) - Amounts received from (paid to) other funds - 27,407 27,407 Admissions tax received 124,308 - - 124,308 Amounts received from (paid to) other governments - 1,000 1,000 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: 1,512,488 (1,054,350) 27,407 485,545 578,653 (420,768) (420,768) 565 129,384 565 129,384 246,190 2,477,303 (420,768) (410,143) (511,797) (36,122) (420,768) (958,062) 4 129,953 199,428 4 129,953 199,428 2,723,493 (1,563,604) 89,143 7,737,333 7,826,476 13,725,371 $ 335,333 $ 10,214,636 $ - $ 10,549,969 $ 12,161,767 Operating income (loss) $ (1,711,901) $ 3,156,470 $ 25,096 $ 1,469,665 $ (2,422,167) Adjustments to reconcile operating income (loss) net cash provided (used) by operating activities: Depreciation 430,073 691,851 - 1,121,924 1,264,365 (Increase) decrease in accounts receivable 9,583 (290,220) (53,324) (333,961) - (Increase) decrease in notes and loans receivable - 1,290 - 1,290 (Increase) decrease in prepaid expense (7,354) (500) (7,854) Increase (decrease) in accounts payable (5,437) 229,646 1,105 225,314 (225,821) Increase (decrease) in accrued liabilities 10,819 6,076 212 17,107 Increase (decrease) in deposits payable - 35,278 - 35,278 - Total Adjustments 445,038 666,567 (52,507) 1,059,098 1,038,544 Net Cash Provided (Used) by Operating Activities $ (1,266,863) $ 3,823,037 $ (27,411) $ 2,528,763 $ (1,383,623) 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 33 CITY OF RANCHO CUCAMONGA STATEMENT OF FIDUCIARY NET POSITION FIDUCIARY FUNDS JUNE 30, 2014 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 Due to City 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 Net Position: Held in trust for other purposes Total Net Position See Notes to Financial Statements 34 Private - Purpose Trust Fund Successor Agency Agency of the Funds Former RDA $ 23,393,402 $ 38,482,198 149,620 3,318 159,530 - 11,377 81 - 12,291,229 - 1,757,350 - 6,641 - 3,953,624 - 3,473,833 7,363,636 25,394,840 - 14,165,841 - 36,070,480 $ 31,077,565 135,599,435 $ 133,086 11,566 27,827 - - 6,354,014 - 152,263 8,454,628 - 22,404,265 - 57,759 - 11,440,204 - 386,444,655 $ 31,077,565 404,402,702 (268,803,267) $ (268,803,267) CITY OF RANCHO CUCAMONGA STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS YEAR ENDED JUNE 30, 2014 Additions: Taxes Interest and change in fair value of investments Miscellaneous Total Additions Deductions: Administrative expenses Contractual services Interest expense Depreciation expense Contributions to City 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 35 Private - Purpose Trust Fund Successor Agency of the Former RDA $ 19,336,372 234,271 20 19,570,663 3,297 30, 957, 334 20,240,723 1,639,426 5,065,637 57,906,417 (58,427) (38,394,181) (230,409,086) $ (268,803,267) THIS PAGE INTENTIONALLY LEFT BLANK 36 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2014 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 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. 37 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 38 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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. 39 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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. The City adopted GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre - November 30, 1989 FASB and AICPA Pronouncements, which established accounting and financial reporting standards for financial statements of state and local governments. 40 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 41 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 currently does not have items that qualify for reporting in this category. In addition to liabilities, the statement of financial position and governmental fund balance sheet 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 or fund balance that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The government has only 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 the following sources: sales taxes, grant reimbursements and deferred loans. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 42 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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: Employee Type Accumulated Sick Leave Balance Vacation 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. 43 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 25% of capital assets value comprised of construction in progress (excluding infrastructure), building improvements, and improvements other than building for governmental activities. 44 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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. Workina 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 three 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. 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 not readily determinable at the time of budget adoption due to the delay in the adoption of the State of California's budget. 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. 45 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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." 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 46 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 1: Organization and Summary of Significant Accounting Policies (Continued) 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. II. 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. 47 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 2: Stewardship, Compliance and Accountability (Continued) The following funds have encumbrances at June 30, 2014: General Fund $ 829,078 Citywide Infrastructure Improvement Fund 491,865 Fire District Fund 1,720,392 Other Governmental Funds 7,116,277 b. Deficit Fund Balances or Net Position The following nonmajor funds have a deficit at June 30, 2014: Special Revenue Funds Pedestrian Grant $ 90,960 Proposition 84 - Park Bond Act 4,377 Energy Efficient & Conservation Block Grant 96 Senior Outreach Grant 4,025 Safe Routes to School Program 342,091 Homeland Security Grant 2005 79,341 Used Oil Recycling Program 6,546 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. 48 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 III. DETAILED NOTES ON ALL FUNDS Note 3: Cash and Investments As of June 30, 2014, cash and investments were reported in the accompanying financial statements as follows: Governmental activities $ 284,792,185 Business -type activities 10,549,969 Fiduciary funds 94,634,076 Total Cash and Investments $ 389,976,230 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, 2014, the carrying amount of the City's deposits was $49,210,499 and the bank balance was $50,518,366. The $1,307,867 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 49 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 3: Cash and Investments (Continued) • Commercial Paper • Local Agency Investment Fund (State Pool) • Joint Powers Auhtority (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 "AX or better. As of June 30, 2014, 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, 2014. All securities were investment grade and were legal under State and City law. As of June 30, 2014, 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, 2014, none of the City's deposits or investments were exposed to custodial credit risk. 50 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014, 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 22.94% Federal Home Loan Bank 17.06% Federal Home Loan Mortgage Corporation 17.01% Federal National Mortgage Association 12.25% 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, 2014, the City had the following investments and original maturities: Investments: Local Agency Investment Fund Federal Governmental Agencies Federal Farm Credit Bank Federal Home Loan Bank Federal Home Loan Mortgage Corp. Federal National Mortgage Assoc. Corporate Bonds Municipal Bonds Investments with Fiscal Agents: Money Market Mutual Funds 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 $ 53,061,859 $ - $ - $ - $ 53,061,859 - 2,018,125 15,495,295 60,653,561 78,166,981 2,002,020 1,513,965 6,166,275 48,459,338 58,141,598 4,010,440 - 6,517,425 47,442,645 57,970,510 - - 41,730,650 41,730,650 4,019,840 4,535,325 8,555,165 - 4,654,466 4,285,171 8,939,637 34,199,331 - - 34,199,331 $ 93,273,650 $ 3,532,090 $ 36,853,301 $ 207,106,690 $ 340,765,731 51 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 4: Notes and Loans Receivables Notes and loans receivables consist of the following at June 30, 2014: 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 Succesor Agency of the City. As of June 30, 2014, the outstanding balance amounts to $3,469,778, including accrued interest of $379,778. 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 11% 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, 2014, the advances paid against this line of credit amount to $40,458,007 and accrued interest amounts to $2,005,600 for a total of $42,463,607. 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. 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, 2014, advances paid against this line of credit amounts to $21,638,113 and accrued interest amounts to $3,232,974 for a total balance of $24,871,087. 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 52 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 4: Notes and Loans Receivables (Continued) loan receivable was transferred to the Housing Successor Agency of the City. As of June 30, 2014, the advances paid against this line of credit amounted to $9,000,000 and accrued interest amounts to $2,058,121 for a total of $11,058,121. 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, 2014, the advances paid against this line of credit amounted to $6,499,910 and accrued interest amounts to $573,919 for a total of $7,073,829. 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 sinple 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, 2014, the advances paid against this line of credit amounted to $1,710,512 and accrued interest amounts to $76,080, for a total of $1,786,592. 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 53 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014, the advances paid against this line of credit amounted to $25,868,857, and accrued interest amounts to $3,069,009, for a total of $28,937,866. 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. 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 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, 2014, the outstanding balance amounts to $9,308,815, including accrued interest of $3,379,634. 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, 2014, the outstanding balance amounts to $4,342,172 with no interest due. 10. 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, 2014, the outstanding balance amounts to $3,975,698 with no interest due. Total loans receivables for governmental activities at June 30, 2014, including accrued interest of $14,775,115, amounted to $137,287,565. 54 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 5: Capital Assets Governmental activities capital assets for the year ended June 30, 2014, was as follows: Transfers from Beginning Successor Ending Balance Increases Decreases Transfers Agency * Balance Governmental Activities: Capital assets, not being depreciated: Land $ 74,617,822 $ 1,738,149 $ $ $ 3,532,259 $ 79,888,230 Right of way 231,931,613 - - 231,931,613 Construction -in- progress 18,265,546 33,524,364 (440,736) - 51,349,174 Total Capital Assets, Not Being Depreciated 324,814,981 35,262,513 (440,736) 3,532,259 363,169,017 Capital assets, being depreciated: Building Improvements 107,626,508 - 54,789 - 107,681,297 Improvement other than buildings 12,807,084 23,024 15,465,637 28,295,745 Equipment and vehicles 27,981,534 1,917,062 (834,866) - 29,063,730 Furniture and fixtures 1,618,062 87,512 1,705,574 Infrastructure 467,519,234 4,039,304 (511,649) (15,079,690) 455,967,199 Intangible 3,276,888 - - 3,276,888 Total Capital Assets, Being Depreciated 620,829,310 6,066,902 (1,346,515) 440,736 625,990,433 Less accumulated depreciation: Building improvements 29,324,411 2,545,192 - 31,869,603 Improvement other than buildings 8,098,681 1,144,585 9,243,266 Equipment and vehicles 23,374,915 1,618,986 (362,578) 24,631,323 Furniture and fixtures 1,584,268 17,854 1,602,122 Infrastructure 191,815,698 8,377,111 (289,485) 199,903,324 Intangible 991,106 295,611 1,286,717 Total Accumulated Depreciation 255,189,079 13,999,339 (652,063) - 268,536,355 Total Capital Assets, Being Depreciated, Net 365,640,231 (7,932,437) (694,452) 440,736 357,454,078 Governmental Activities Capital Assets, Net $ 690,455,212 $ 27,330,076 $ (694,452) $ - $ 3,532,259 $ 720,623,095 * As a result of the dissolution of the former Redevelopment Agency, land in the amount of $2,594,263 and land held for resale in the amount of $937,996 were transfered 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 $ 309,022 Public safety- police 386,133 Public safety - fire protection 597,225 Engineering and public works 9,777,982 Community development 76,494 Community services 1,588,118 Equipment and Vehicle Replacement Fund 743,833 Computer Equip. /Technology Replacement Fund 520,532 Total Governmental Activities $ 13,999,339 55 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 5: Capital Assets (Continued) Business -type activities capital assets for the year ended June 30, 2014, was as follows: Depreciation expense was charged to functions /programs of the primary government as follows: Business -Type Activities: Sports Complex Municipal Utility Total Business -Type Activities 56 $ 430,073 691,851 $ 1,121,924 Beginning Ending Balance Increases Decreases Transfers Balance Business -Type Activities: Capital assets, not being depreciated: Land $ 5,451,015 $ - $ $ - $ 5,451,015 Construction -in- progress - 390,637 390,637 Total Capital Assets, Not Being Depreciated 5,451,015 390,637 5,841,652 Capital assets, being depreciated: Building improvements 17,225,973 - 17,225,973 Improvement other than buildings 3,797,415 - 3,797,415 Equipment and vehicles 457,814 30,131 487,945 Furniture and fixtures 117,289 - 117,289 Infrastructure 16,871,496 - 16,871,496 Intangible 25,858 - 25,858 Total Capital Assets, Being Depreciated 38,495,845 30,131 38,525,976 Less accumulated depreciation: Building improvements 8,614,061 430,073 9,044,134 Improvement other than buildings 3,797,415 - 3,797,415 Equipment and vehicles 366,840 3,864 370,704 Furniture and fixtures 49,645 10,540 60,185 Infrastructure 4,940,072 674,861 5,614,933 Intangible 20,205 2,586 22,791 Total Accumulated Depreciation 17, 788,238 1,121,924 18,910,162 Total Capital Assets, Being Depreciated, Net 20,707,607 (1,091,793) 19,615,814 Business -Type Activities Capital Assets, Net $ 26,158,622 $ (701,156) $ $ $ 25,457,466 Depreciation expense was charged to functions /programs of the primary government as follows: Business -Type Activities: Sports Complex Municipal Utility Total Business -Type Activities 56 $ 430,073 691,851 $ 1,121,924 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 6: Interfund Receivable, Payable and Transfers The composition of interfund balances as of June 30, 2014, was as follows: Due To /From Other Funds Due to Other Funds Nonmajor REGIS Governmental Connect Funds Funds Fund Total Due From Other Funds: General Fund $ 761,021 $ 27,407 $ 788,428 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, 2014. Advances To /From Other Funds Advances from Other Funds Nonmajor Fire Governmental Funds District Funds Total Advances to Other Funds: General $ 4,149,029 $ 300,000 $ 4,449,029 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 $33,332. The final payment will occur in July 2028. At June 30, 2014, the outstanding balance amounted to $4,149,029. 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 57 Transfers Out: Nonmajor General Municipal Governmental Funds Fund Utility Funds Total Transfers in: General Fund $ - $ 1,055,350 $ 131,420 $ 1,186,770 Sport Complex 1,388,180 - - 1,388,180 Internal Service Funds 578,653 - 578,653 Nonmajor Funds 889,477 - 85,598 975,075 Total $ 2,856,310 $ 1,055,350 $ 217,018 $ 4,128,678 57 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 6: Interfund Receivable, Payable and Transfers (Continued) The General Fund transferred $1,388,180, $578,653 and $889,477 to the Sports Complex Fund, Internal Service Funds and Nonmajor Funds, respectively, to cover the budgeted amounts. The Municipal Utility transferred $1,055,350 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, 2014: Balance Outstanding Due Within July 1, 2013 Additions Repayments June 30, 2014 One Year Capital Leases Dell Financial Services $ 248,663 $ Government Capital Corp. 1,956,272 Xerox - Internal Service 308,728 Xerox - Governmental Funds 102,045 $ 60,325 $ 188,338 $ 61,536 389,566 1,566,706 373,045 61,906 246,822 62,412 20,021 82,024 20,630 Total Capital Leases 2,615,708 531,818 2,083,890 517,623 Advances from Successor Agency 3,953,624 - - 3,953,624 - Claims and judgments payable 3,762,682 2,297,601 1,881,253 4,179,030 1,793,016 Accrued employee benefits 7,606,617 4,542,891 4,690,579 7,458,929 4,637,910 Total $ 17,938,631 $ 6,840,492 $ 7,103,650 $ 17,675,473 $ 6,948,549 A description of individual components of long -term debt outstanding as of June 30, 2014, 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 $65,318 due February 1St of each year with the final payment due February 2017. The interest rate is fixed at 2.08 %. At June 30, 2014, the outstanding amount due was $188,338. 58 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 2015 $ 65,318 2016 65,318 2017 65,318 Subtotal 195,954 Less: Amount representing interest (7,616) Total $ 188,338 On December 27, 2012, the City entered into a capital lease agreement with Governmental Capital Coproration to acquire an Accela Software Technology for $1,956,272. The agreement requires annual payments of $424,092 due July 10th of each year with the final payment due July 2017. The interest rate is fixed at 3.22 %. At June 30, 2014, the outstanding amount due was $1,566,706. The calculation of the present value of the future lease payments is as follows: Year Ending June 30 2015 $ 424,092 2016 424,092 2017 424,092 2018 424,092 Subtotal 1,696,368 Less: Amount representing interest (129,662) Total $ 1,566,706 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, 2014, the outstanding amount due was $328,846. The calculation of the present value of the future lease payments is as follows: Year Ending June 30 2015 2016 2017 2018 Subtotal Less: Amount representing interest Total 59 $ 91,872 91,872 91,872 76,562 352,178 (23,332) $ 328,846 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014, 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. .( CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 8: Other Special Obligations (Continued) The outstanding amounts at June 30, 2014, were as follows: Subsequent to June 30, 2014, the Community Facilities District No. 93 -3 and Community Facilities District No. 88 -2 obligations were paid off. IV. OTHER INFORMATION Note 9: Pension Plan Obligations a. City Miscellaneous 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. 61 Outstanding Amount at June 30, 2014 City of Rancho Cucamonga: Assessment District 93 -1 $ 1,615,000 Community Facilities District No. 93 -3 2,120,000 Community Facilities District No. 88 -2 1,295,000 Community Facilities District No. 2000 -01 555,000 Community Facilities District No. 2000 -02 4,861,000 Community Facilities District No. 2000 -03 8,575,000 Community Facilities District No. 2001 -01 Series A 8,407,000 Community Facilities District No. 2001 -01 Series B 772,000 Community Facilities District No. 2003 -01 Series A 14,170,000 Community Facilities District No. 2003 -01 Series B 2,784,000 Community Facilities District No. 2004 -01 34,384,000 Community Facilities District No. 2006 -01 5,150,000 Community Facilities District No. 2006 -02 2,630,000 Rancho Cucamonga Redevelopment Agency: Multi - Family Housing Revenue Bond: Series 1997A 2,516,287 Total $ 89,834,287 Subsequent to June 30, 2014, the Community Facilities District No. 93 -3 and Community Facilities District No. 88 -2 obligations were paid off. IV. OTHER INFORMATION Note 9: Pension Plan Obligations a. City Miscellaneous 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. 61 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 9: Pension Plan Obligations (Continued) Funding Policy Participants are required to contribute from 6.5% to 8% of their annual covered salary. The City makes the contributions required of employees on their behalf and for their account for the majority of its employees. The City is required to contribute an actuarially determined rates. The current rate as a percentage of annual covered payroll is 13.346 %. Part -time and certain full -time members have been making contributions toward their retirement cost up to 8% based on their benefit formula. The detailed rates of plan members' contributions toward their retirement cost can be requested from the City's Finance Department. The contribution requirements of plan members and the City are established and may be amended by PERS. Annual Pension Cost (APC) and Net Pension Obligation For the year ended June 30, 2014, the City's annual pension cost of $5,533,631 was equal to the City's required and actual contributions. The required contribution was determined as part of the June 30, 2011, actuarial valuation using the entry age normal actuarial cost method. A summary of principle assumptions and methods used to determine the APC is shown below: Valuation Date Actuarial Cost Method Amortization Method Average Remaining Period Asset Valuation Method Actuarial Assumptions: Investment Rate of Return Projected Salary Increases Inflation Payroll Growth Individual Salary Growth June 30, 2011 Entry Age Normal Cost Method Level Percent of Payroll 25 years as of the Valuation Date (Closed Period) 15 -Year Smoothed Market 7.50% (net of administrative expenses) 3.30% to 14.20% depending on age, service and type of employment 2.75% 3.00% A merit scale varying by duration of employment coupled with an assumed annual inflation component of 2.75% and an annual production growth of 0.25 %. Initial unfunded liabilities are amortized over a closed period that depends on the Plan's date of entry into CaIPERS. Subsequent plan amendments are amortized as a level percent of pay over a closed 20 -year period. Gains and losses that occur in the operation of the plan are amortized over a rolling period, which results in an amortization of about 6% of unamortized gains and losses each year. If the Plan's accrued liability exceeds the actuarial value of plan assets, then the amortization payment on the total unfunded liability may not be lower than the payment calculated over a 30 -year amortization period. 62 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 9: Pension Plan Obligations (Continued) Three -Year Trend Information for PERS - City (Amounts in Thousands) Schedule of Funding Progress for PERS Miscellaneous Plan of the City of Rancho Cucamonga (Amounts in Thousands) Actuarial Annual Percentage UAAL as Pension Cost of APC Net Pension Fiscal Year (APC) Contributed Obligations 6/30/2012 $ 5,946 100% $ - 6/30/2013 5,375 100% - 6/30/2014 5,534 100% - Schedule of Funding Progress for PERS Miscellaneous Plan of the City of Rancho Cucamonga (Amounts in Thousands) Actuarial Accrued UAAL as Actuarial Actuarial Liability Unfunded a % of Valuation Value of (AAL) Entry AAL Funded Covered Covered Date Assets Age (UAAL) Ratio Payroll Payroll 6/30/2011 $ 121,597 $ 138,584 $ (16,987) 6/30/2012 130,416 148,367 (17,951) 6/30/2013 124,364 157,913 (33,549) Fire District's Miscellaneous and Safety Plan Plan Description 87.7 % $ 27,988 60.7 % 87.9 % 27,531 65.2 % 78.8 % 26,911 124.7 % The Fire District contributes to the California Public Employees Retirement System (PERS), a cost - sharing multiple - employer defined benefit pension plan. PERS provides retirement, 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 their executive office: 400 P Street, Sacramento, California 95814. Funding Policy Participants are required to contribute 8% and 9% of their annual covered salary for miscellaneous and safety employees, respectively. The Fire District makes the contributions required of employees on their behalf and for their account for the majority of its employees. The Fire District is required to contribute at an actuarially determined rate. The current rate as a percentage of annual covered payroll ranges from 6.250% to 14.660% for miscellaneous employees and from 11.500% to 26.149% for safety employees. The employer contribution depends on the benefit formula of the plan member. Some plan members have been making contribution toward their retirement cost up to 11.5% based on their benefit formula. The detailed rates of plan members' contributions toward their retirement cost can be requested from the City's Finance Department. The contribution requirements of plan members and the District are established and may be amended by PERS. 63 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 9: Pension Plan Obligations (Continued) Annual Pension Cost (APC) For the year ended June 30, 2014, the Fire District's annual pension cost for the miscellaneous and safety employees of $3,948,154 was equal to the Fire District's required and actual contributions. The required contribution was determined as part of the June 30, 2011, actuarial valuation using the entry age normal actuarial cost method. Three -Year Trend Information for PERS - Fire District (Amounts in Thousands) Annual Percentage Pension Cost of APC Net Pension Fiscal Year (APC) Contributed Obligations 6/30/2012 $ 4,097 100% $ 6/30/2013 3,661 100% 6/30/2014 3,948 100% Note 10: PARS Retirement Enhancement Plan Plan Description The City of Rancho Cucamonga sponsors the PARS Retirement Enhancement Plan, a 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 Tier 1 55 0.000% 56 0.100 57 0.200 58 0.300 59 0.400 60+ 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. Benefits are increased by a 2% annual cost of living adjustment after retirement. There are no employee contributions for either tier. Funding Policy The City's funding policy is to contribute the annual required contribution. The annual required contribution equals the sum of the normal cost and the amortization of the unfunded actuarial accrued liability. 64 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 10: PARS Retirement Enhancement Plan (Continued) Annual Pension Cost (APC) Government Accounting Standards Board Statement No. 27 (Statement 27) requires that the City determine the plan's annual pension cost based on the most recent actuarial valuation. The annual pension cost equals the plan's annual required contribution, adjusted for historical differences between the annual required contribution and amounts contributed. The actuary has determined the City's annual required contribution equal to the sum of (a) normal cost, and (b) amortization of the unfunded actuarial accrued liability. For the year ending June 30, 2014, the City's annual required contribution was $483,000. The City contributed $500,677. The required contribution was based on the June 30, 2010, actuarial valuation using the entry age normal (level percentage of pay) actuarial cost method. The actuarial assumptions included 6.25% investment return (net of administrative expenses) and a general inflation rate of 3 %. The prepaid PARS obligation is being amortized over a 20 year closed period. Annual required contribution (ARC) $ 483,000 Interest in net PARS asset (275,357) Adjustment to ARC 596,476 Annual PARS cost 804,119 Contribution made 500,677 Decrease /(Increase) in net PARS asset 303,442 Net PARS obligation (asset) June 30, 2013 (7,867,329) Net PARS obligation (asset) June 30, 2014 $ (7,563,887) The following table provides 3 years of historical information of the Annual Pension Cost: Three -Year Trend Information - PARS (Amount in Thousands) Schedule of Funding Progress PARS Retirement Enhancement Plan (Amounts in Thousands) Annual Pension Percentage of Net Pension Year Ending Cost (APC) APC Contributed Obligation (Asset) 6/30/2012 $ 1,299 73% $ (8,390) 6/30/2013 1,340 61% (7,867) 6/30/2014 804 62% (7,564) Schedule of Funding Progress PARS Retirement Enhancement Plan (Amounts in Thousands) Actuarial valuation is performed every other year. 65 Unfunded Actuarial Actuarial Actuarial Actuarial UAAL as a % Valuation Value of Accrued Accrued Funded Covered of Covered Date Assets Liability Liability Ratio Payroll Payroll 6/30/2010 $ 9,052 $ 17,961 $ 8,909 50.4% $ 27,663 32.2% 6/30/2012 21,930 19,447 (2,483) 112.8% 25,078 -9.9% 6/30/2014 27,721 23,956 (3,765) 115.7% 24,517 -15.4% Actuarial valuation is performed every other year. 65 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 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 CalPERS 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 2013 -2014, the City paid $834,616 in premium for retiree insurance and was reimbursed $335,616 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) $ 499,000 Interest in net OPEB asset (1,069,069) Adjustment to ARC 1,327,204 Annual OPEB cost 757,135 Contribution made 834,616 Reimbursement of contribution made (335,616) Decrease /(Increase) in net OPEB asset 258,135 Net OPEB obligation (asset) June 30, 2013 (16,447,210) Net OPEB obligation (asset) June 30, 2014 $ (16,189,075) The contribution rate of 1.8% is based on the ARC of $499,000, 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. 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 is available for the fiscal year ended June 30, 2009, and thereafter. .. CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 11: Other Post - Employment Benefits (Continued) Fiscal Annual Year OPEB End Cost 6/30/2012 $ 400,268 6/30/2013 1,366,824 6/30/2014 757,135 Three Year Trend Information - OPEB Actual Contribution (Net of Adjustments) $ 817,882 503,001 499,000 `Amount was adjusted for contribution reimbursements. Funded Status and Funding Progress Percentage of Net OPEB Annual OPEB Obligation Cost Contributed (Asset) 204.3% $ (17,311,033) 36.8% (16,447,210) 65.9% (16,189,075) 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 67 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014, (fresh start). The number of active and retiree participants is 112 and 55 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 $34,000,000 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, $3,000 for auto claims 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, 2014 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, 2014, 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 (PASIS) 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, 2014, 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. There have been no significant changes in 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. 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 Fiscal Year Balance Estimates 2012 -2013 $ 4,077,504 $ 1,230,832 2013 -2014 3,762,682 2,297,600 Claim Ending Payments Balance $ (1,545,654) $ 3,762,682 (1,881,252) 4,179,030 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 13: Commitments and Contingencies The following schedule summarizes the major contractual commitments by funds as of June 30, 2014: Fund / Project Name General Fund Contract Network Services Air Quality Improvement CNG Fuel Station Expansion Project Drainage Facilities Ramona Ave Storm Drain /Pavement Rehab San Sevaine /Etiwanda Drainage Wilson Ave Street Extension /Rehab Transportation Baseline @ 1 -15 Freeway Interchange Wilson Ave Street Extension /Rehab Wilson Ave Street Extension /Rehab Wilson Ave Street Extension /Rehab Traffic Management Center Upgrade Baseline @ 1 -15 Freeway Interchange Landscape Maintenance Districts Install Play Equipment Coyote Canyon Park Gas Tax Illuminated Street Name Sign Replacement Street Pavement Rehab Ramona Ave Storm Drain /Pavement Rehab Hermosa Ave Pavement Rehab Measure I Wilson Ave Street Extension /Rehab ADA Ramps Citywide Infrastructure Improvement Wilson Ave Street Extension /Rehab Baseline @ 1 -15 Freeway Interchange Municipal Utility Arrow Route Electric Distribution Line Extension Equipment and Vehicle Replacement Urban Forestry Aerial Chipper Truck CNG Fuel Station Expansion Project Fire District Vehicle Exhaust Removal System Replacement Tractor Drawn aerial Ladder Truck 70 150,000 - 150,000 100,000 - Expenditures 1,043,602 910,472 Contract to date as of Remaining Amount June 30, 2014 Commitments $ 116,160 $ 13,200 $ 102,960 219,975 - 219,975 582,068 - 582,068 495,000 - 495,000 750,129 280,962 469,167 168,300 44,085 124,215 1,851,820 26,978 1,824,842 222,223 - 222,223 152,265 - 152,265 242,012 - 242,012 3,034,724 150,000 - 150,000 100,000 - 100,000 1,043,602 910,472 133,130 295,305 - 295,305 196,977 - 196,977 1,171,494 725,412 307,000 - 307,000 191,462 - 191,462 498,462 138,500 - 138,500 227,955 - 227,955 366,455 1,973,645 289,012 1,684,633 126,583 - 126,583 219,975 - 219,975 346,558 393,291 - 393,291 1,171,494 - 1,171,494 1,564,785 $ 9,771,032 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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 $ 38,482,198 Cash and investments with fiscal agent 25,394,840 $ 63,877,038 71 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014: 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, 2014, the outstanding balance was $12,291,229. c. Capital Assets An analysis of capital assets as of June 30, 2014, follows: As a result of the dissolution of the former Redevelopment Agency, land in the amount of $2,594,263 was transfered to the City after review by the Oversight Board and approval of the California Department of Finance. 72 Beginning Transfers Ending Balance Increases Decreases to the City Balance Capital assets, not being depreciated: Land $ 9,103,104 $ - $ - $ (2,594,263) $ 6,508,841 Construction -in- progress 7,108,791 548,209 - 7,657,000 Total Capital Assets, Not Being Depreciated 16,211,895 548,209 - (2,594,263) 14,165,841 Capital assets, being depreciated: Building improvements 41,340,841 - - 41,340,841 Improvement other than buildings 1,059,893 - 1,059,893 Equipment and vehicles 10,079,869 104,683 9,975,186 Furniture and fixtures 1,393,069 - 1,393,069 Intangible 51,974 - 51,974 Total Capital Assets, Being Depreciated 53,925,646 104,683 53,820,963 Less accumulated depreciation: Building improvements 6,644,949 1,065,839 - 7,710,788 Improvement other than buildings 121,757 52,995 - 174,752 Equipment and vehicles 8,174,464 401,286 104,683 8,471,067 Furniture and fixtures 1,231,150 115,841 - 1,346,991 Intangible 43,420 3,465 - 46,885 Total Accumulated Depreciation 16,215,740 1,639,426 104,683 17,750,483 Total Capital Assets, Being Depreciated, Net 37,709,906 (1,639,426) - 36,070,480 Business -Type Activities Capital Assets, Net $ 53,921,801 $ (1,091,217) $ - $ (2,594,263) $ 50,236,321 As a result of the dissolution of the former Redevelopment Agency, land in the amount of $2,594,263 was transfered to the City after review by the Oversight Board and approval of the California Department of Finance. 72 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 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, 2014, follows: 1. Rancho Cucamonga Redevelopment Agency, Rancho Development Project, 1999 Tax Allocation Refunding Bonds, $54,945,000. These bonds are 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 is payable semi - annually on March 1 and September 1, of each year commencing March 1, 2000. The bonds mature in annual installments ranging from $1,880,000 to $4,165,000 starting September 1, 2000 to September 1, 2020, and bear interest ranging from 4.25% to 5.25 %. The bonds maturing before September 1, 2009, are not subject to call and redemption prior to their stated maturities. Bonds maturing on or after September 1, 2011, are 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, are 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. 73 Balance Outstanding Due Within July 1, 2013 Additions Repayments June 30, 2014 One Year Bonds: Tax Allocation Refunding Bonds -1999 Issue $ 28,020,000 $ - $ 2,915,000 $ 25,105,000 $ 3,065,000 Tax Allocation Bonds 20011ssue 71,750,000 - 10,000 71,740,000 15,000 Tax Allocation Bonds 20041ssue 136,470,000 - 4,405,000 132,065,000 4,620,000 Tax Allocation Bonds 2007 Issue A & B 140,170,000 - 3,070,000 137,100,000 3,230,000 Total Bonds 376,410,000 - 10,400,000 366,010,000 10,930,000 Developer Loans: Price Club /Costco 7,976,246 182,771 55,540 8,103,477 - Bank of New York 10,727,351 - 468,194 10,259,157 510,204 Total Developer Loans 18,703,597 182,771 523,734 18,362,634 510,204 Advances from City 9,521,227 - - 9,521,227 - Total $ 404,634,824 $ 182,771 $ 10,923,734 393,893,861 $ 11,440,204 Unamortized bond premium 3,990,998 Total $ 397,884,859 Tax Allocation Bonds 1. Rancho Cucamonga Redevelopment Agency, Rancho Development Project, 1999 Tax Allocation Refunding Bonds, $54,945,000. These bonds are 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 is payable semi - annually on March 1 and September 1, of each year commencing March 1, 2000. The bonds mature in annual installments ranging from $1,880,000 to $4,165,000 starting September 1, 2000 to September 1, 2020, and bear interest ranging from 4.25% to 5.25 %. The bonds maturing before September 1, 2009, are not subject to call and redemption prior to their stated maturities. Bonds maturing on or after September 1, 2011, are 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, are 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. 73 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) Tax Revenues, except as provided below, are pledged in their entirety to the payment of principal and 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 do not include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and be used for the purpose of increasing and improving the community's supply of low and moderate income housing. Pledged Tax Revenues also do not include that portion of tax revenues derived from the Project Area which are required to be used by the Agency in accordance with the provisions of certain agreements entered into by the Agency. The Agency has entered into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered into with: 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 has agreed that certain tax revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670(b), shall be pledged by the Agency to make certain cash payments or in lieu of contributions to each affected taxing agency. Such payments are to be made from tax revenues allocated to the Agency. Pledged Tax Revenues also do not include interest income on the various funds and accounts created by the series resolutions. Any such investment income is available to the Agency to meet debt service payments on the bonds but is not specifically pledged therefore. In addition to providing for the pass- through of tax revenue to the County Free Library and the San Bernardino County Flood Control District, the agreement between the Agency and the County of San Bernardino also provides that tax revenues, which would have been allocated to the County had not the Redevelopment Plan been adopted, will be fully allocated to the Agency until fiscal year 1998 -1999. The agreement, however, further provides that the Agency must use such tax revenues for the development of certain regional facilities, as agreed to between the County and the Agency. The Agency anticipates satisfying this regional facilities requirement with certain previously received bond proceeds. The balance at June 30, 2014, amounted to $25,105,000. The following schedule illustrates the debt service requirements to maturity for the 1999 Tax Allocation Refunding Bonds as of June 30, 2014: Principal Interest 2014 -2015 $ 3,065,000 $ 1,235,258 2015 -2016 3,210,000 1,072,838 2016 -2017 3,385,000 899,719 2017 -2018 3,570,000 717,150 2018 -2019 3,755,000 524,869 2019 -2021 8,120,000 431,813 Total $ 25,105,000 $ 4,881,647 74 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) 2. Rancho Cucamonga Redevelopment Agency, Rancho Development Project, 2001 Tax Allocation Bonds, $74,080,000. These bonds are 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 is payable semi - annually on March 1 and September 1 of each year commencing March 1, 2002. The bonds mature in annual installments from $10,000 to $11,540,000 from September 1, 2002 to September 1, 2030, and bear interest ranging from 3.000% to 5.125 %. The bonds maturing before September 1, 2011, are not subject to call and redemption prior to their stated maturities. The bonds maturing on or after September 1, 2012, are 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, are 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 do not include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and be used for the purpose of increasing and improving the community's supply of low and moderate income housing. Pledged Tax Revenues also do not include that portion of tax revenues derived from the Project Area which are required to be used by the Agency in accordance with the provisions of certain agreements entered into by the Agency. The Agency has entered into cooperative agreements with taxing agencies affected by the Redevelopment Project. Such agreements have been entered into with: 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 has agreed that certain tax revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670 (b), shall be pledged by the Agency to make certain cash payments or in lieu of contributions to each affected taxing agency. Such payments are to be made from tax revenues allocated to the Agency. Pledged Tax Revenues also do not include interest income on various funds and accounts created by the series resolutions. Any such investment income is available to the Agency to meet debt service payments on the bonds, but is not specifically pledged therefore. The balance at June 30, 2014, amounted to $71,740,000. 75 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) The following schedule illustrates the debt service requirements to maturity for the 2001 Tax Allocation Bonds as of June 30, 2014: Total $ 71,740,000 $ 50,302,311 3. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 2004 Tax Allocation Bonds, $165,680,000. These bonds are 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 consists 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 is payable semi - annually on March 1 and September 1 of each year commencing September 1, 2004. The Serial Bonds mature in annual installments ranging from $2,950,000 to $10,955,000 starting September 1, 2005 to September 1, 2025, and bearing interest ranging from 2.00% to 5.00 %. Bonds maturing on or before September 1, 2014, are not subject to call and redemption prior to their stated maturities. Bonds maturing on or after September 1, 2015, are subject, at the option of the Agency, to redemption in whole or in part, prior to their stated maturities on any date, commencing September 1, 2014. The bonds maturing on September 1, 2028 and September 1, 2032, are 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, are 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 do not include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and be used for the purpose of increasing and improving the community's supply of low and moderate income housing. Pledged Tax Revenues also do not include that portion of tax revenues derived from the Project Area which are required to be used by the Agency in accordance with the provisions of certain agreements entered into by the Agency. 76 Principal Interest 2014-2015 $ 15,000 $ 3,717,619 2015-2016 15,000 3,716,869 2016-2017 15,000 3,716,119 2017-2018 15,000 3,715,369 2018-2019 15,000 3,714,619 2019-2024 1,840,000 18,430,719 2024-2029 47,305,000 12,122,497 2029-2031 22,520,000 1,168,500 Total $ 71,740,000 $ 50,302,311 3. Rancho Cucamonga Redevelopment Agency, Rancho Redevelopment Project, 2004 Tax Allocation Bonds, $165,680,000. These bonds are 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 consists 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 is payable semi - annually on March 1 and September 1 of each year commencing September 1, 2004. The Serial Bonds mature in annual installments ranging from $2,950,000 to $10,955,000 starting September 1, 2005 to September 1, 2025, and bearing interest ranging from 2.00% to 5.00 %. Bonds maturing on or before September 1, 2014, are not subject to call and redemption prior to their stated maturities. Bonds maturing on or after September 1, 2015, are subject, at the option of the Agency, to redemption in whole or in part, prior to their stated maturities on any date, commencing September 1, 2014. The bonds maturing on September 1, 2028 and September 1, 2032, are 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, are 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 do not include that portion of Tax Revenues derived from the Project Area which are required by Section 33334.2 of the Redevelopment Law to be set aside by the Agency in a separate low and moderate income housing fund and be used for the purpose of increasing and improving the community's supply of low and moderate income housing. Pledged Tax Revenues also do not include that portion of tax revenues derived from the Project Area which are required to be used by the Agency in accordance with the provisions of certain agreements entered into by the Agency. 76 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) The Agency has 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 has agreed that certain tax revenues attributable to those areas and which are allocated to the Agency pursuant to Section 33670 (b), shall be pledged by the Agency to make certain cash payments or in lieu of contributions to each affected taxing agency. Such payments are to be made from tax revenues allocated to the Agency. Pledged Tax Revenues also do not include interest income on various funds and accounts created by the series resolutions. Any such investment income is available to the Agency to meet debt service payments on the bonds but is not specifically pledged therefore. The bonds are further secured by a financial guarantee insurance policy in the event of nonpayment of principal and /or interest. The balance at June 30, 2014, amounted to $132,065,000, plus unamortized bond premium of $3,304,159. The following schedule illustrates the debt service requirements to maturity for the 2004 Tax Allocation Bonds as of June 30, 2014: Total $ 132,065,000 $ 62,685,197 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 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. 77 Principal Interest 2014-2015 $ 4,620,000 $ 5,691,490 2015-2016 4,860,000 5,454,490 2016-2017 5,100,000 5,205,490 2017-2018 5,345,000 4,975,099 2018-2019 5,555,000 4,762,496 2019-2024 43,305,000 19,388,241 2024-2029 19,500,000 12,091,616 2029-2033 43,780,000 5,116,275 Total $ 132,065,000 $ 62,685,197 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 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. 77 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) 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, 2014, amounted to $137,100,000 plus unamortized bond premium of $686,839. Total $ 137,100,000 $ 98,823,246 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 78 Principal Interest 2014-2015 $ 3,230,000 $ 7,727,206 2015-2016 3,390,000 7,253,473 2016-2017 3,565,000 7,375,282 2017-2018 3,750,000 6,890,735 2018-2019 3,955,000 6,961,474 2019-2024 23,365,000 30,252,858 2024-2029 33,845,000 22,522,991 2029-2034 50,305,000 9,614,126 2034-2035 11,695,000 225,101 Total $ 137,100,000 $ 98,823,246 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 78 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) 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, 2014, amounted to $8,103,477. 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, 2014, amounted to $10,259,157. The following schedule illustrates the debt service requirements to maturity as of June 30, 2014: Total $ 10,259,157 $ 6,540,843 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. At June 30, 2014, the principal balance on these loans amount to $9,521,227. Repayment of the advances from City is pending review and approval from the California Department of Finance. 79 Principal Interest 2014-2015 $ 510,204 $ 889,796 2015-2016 555,984 844,016 2016-2017 605,871 794,129 2017-2018 660,233 739,767 2018-2019 719,475 680,525 2019-2024 4,689,645 2,310,355 2024-2029 2,517,745 282,255 Total $ 10,259,157 $ 6,540,843 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. At June 30, 2014, the principal balance on these loans amount to $9,521,227. Repayment of the advances from City is pending review and approval from the California Department of Finance. 79 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 14: Successor Agency Trust For Assets of Former Redevelopment Agency (Continued) 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 $582,702,401 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 $19,336,372 and the debt service obligation on the bonds was $29,000,235. 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, 2014 is $4,245,000. 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 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, 2014, the Agency made payments totaling $629,491. Note 15: Net Position and Fund Balance Restatement Beginning fund balance in the Fire District Fund has been restated by $1,503,810 for to prior year funds received from the auditor - controller's office in error. The funds have been repaid. As a result, net position has been restated by the same amount. 0 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 16: Extraordinary Gain /Loss During the year ended June 30, 2014, the Successor Agency transferred land held for resale to the City resulting in an extraordinary gain for the City and an extraordinary loss for the Successor Agency in the amount of $937,996. This is now recorded as land at the City. In addition, the Housing Successor of the City transferred land held for resale to the Successor Agency resulting in an extraordinary loss for the City and extraordinary gain for the Successor Agency in the amount of $3,473,832. Lastly, 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 $2,594,263. The net amount of the transferred land and land held for resale resulted in an extraordinary gain for the City and extraordinary loss for the Successor Agency in the amount of $58,427. Note 17: Subsequent Events In February 2014, the Successor Agency entered into an Agreement with 7418 Archibald LLC for the purpose of developing 59 affordable senior housing units and one manager's unit. The Agency has committed approximately $4.3 million of remaining 2007 Housing Tax Allocation bonds for the project. The use of the remaining 2007 Housing Bonds was approved by the State Department of Finance. On July 11, 2014, the Agency completed the first phase of implementation of the Agreement by purchasing two parcels located at 7418 Archibald and 7422 Archibald from the development in the amount of approximately $2.4 million. The remaining balance of approximately $2 million will be paid to the developer upon completion of the land entitlement process and the award of tax credits by the State. On July 15, 2014, the Successor Agency of the Former Redevelopment Agency issued $174.05 million Tax Allocation Refunding Bonds, Series 2014 to refund the outstanding balance of the Rancho Cucamonga Redevelopment Agency 1999 Tax Allocation Refunding Bonds, 2001 Tax Allocation Bonds, and 2004 Tax Allocation Bonds. The bonds mature in serial amounts through September 2032 and bear interest rated ranging from 3.00% to 5.00 %. On July 31, 2014, the City issued Community Facilities District No. 2000 -03 (Rancho Summit) Tax Refunding Bonds, Series 2014 in an aggregate principal amount of $8.2 million to defease and refund prior special tax bonds. On September 2, 2014, the Successor Agency entered into a Purchase and Sale Agreement with a private developer for approximately 14 acres of land at the northwest corner of Base Line and Day Creek Boulevard for a purchase price of $4,260,169. With the elimination of Redevelopment, when this property is sold, the proceeds will be distributed to all affected taxing agencies. The book value of this property is $3,473,832. On May 21, 2014, the Successor Agency approved a Compensation Agreement with the Rancho Cucamonga Fire Protection District to allow the transfer of the approximate 5 acre Cultural Center expansion site to the City of Rancho Cucamonga for a payment of $1. The book value for this property is in the amount of $4,905,912. At that same meeting, the Successor Agency directed staff to pursue obtaining Compensation Agreements with the other affected taxing entities to allow the transfer of the Cultural Center expansion site to the City of Rancho Cucamonga. The Compensation Agreements with all taxing entities were approved by the Oversight Board on September 29, 2014 and by the State Department of Finance on October 6, 2014. The title of the property is expected to be transferred to the City before June 30, 2015. 81 CITY OF RANCHO CUCAMONGA NOTES TO FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2014 Note 17: Subsequent Events (Continued) A loan was entered into on September 26, 1994 between Northtown Housing Development Corporation and the Agency. It was modified in March 1996 to increase the principal amount of the loan to $5,929,181. In October 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 and the original principal of $5,929,181 remains the same. 82 REQUIRED SUPPLEMENTARY INFORMATION THIS PAGE INTENTIONALLY LEFT BLANK ms CITY OF RANCHO CUCAMONGA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION JUNE 30, 2014 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 2013 -2014, the following funds had no adopted annual budgets: Housing Successor Fund Proposition 84 — Park Bond Act Used Oil Recycling Grant AB 2928 Traffic Congestion Fund Drink, Drive, Lose Grant Henderson /Wardman Drainage Federal Grant Fund — Drier Senior Transportation Service Assessment District 86 -2 Public Library Bond Act — 2000 Etiwanda Equestrian Facility CFD 2000 -01 South Etwanda 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. 85 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) GENERALFUND YEAR ENDED JUNE 30, 2014 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 100,126,503 $ 100,126,503 $ 100,126,503 $ Resources (Inflows): Taxes 54,888,180 55,346,190 56,947,193 1,601,003 Licenses and permits 3,453,110 3,741,490 3,773,347 31,857 Intergovernmental 503,690 488,560 591,253 102,693 Charges for services 3,042,740 3,778,660 4,054,598 275,938 Use of money and property 737,200 1,037,520 1,550,481 512,961 Fines and forfeitures 1,023,740 1,159,900 1,160,217 317 Contributions 43,930 43,930 46,130 2,200 Miscellaneous 1,921,710 3,502,750 5,596,801 2,094,051 Transfers in 942,400 1,186,770 1,186,770 - Proceeds from sale of capital asset 22,550 69,400 81,943 12,543 Amounts Available for Appropriations 166,705,753 170,481,673 175,115,236 4,633,563 Charges to Appropriations (Outflow): General government General overhead 1,911,060 2,660,900 2,326,208 334,692 Personnel overhead 471,790 1,040,030 1,082,004 (41,974) City council 119,960 116,140 105,645 10,495 City manager 966,660 903,250 870,034 33,216 City clerk 1,990 2,000 1,827 173 Administrative services 235,140 231,840 222,554 9,286 Business licenses 294,640 288,020 284,434 3,586 City facilities 1,150,530 1,297,090 1,153,190 143,900 Finance 1,049,890 1,048,310 1,015,107 33,203 Geographic information systems 387,700 371,960 356,022 15,938 Management information services 2,141,390 2,183,730 1,944,559 239,171 Personnel 382,890 429,450 420,879 8,571 Purchasing 320,520 292,030 243,198 48,832 Risk management 171,860 145,860 107,076 38,784 Treasury management 15,830 14,860 11,796 3,064 Records management 368,770 349,660 339,304 10,356 City telecommunications 309,690 368,490 324,876 43,614 Public safety - police Sheriff contract services 30,682,570 30,614,900 30,146,796 468,104 Public safety - animal center Animal center 2,736,230 2,629,460 2,569,847 59,613 Community development Planning 1,856,440 1,836,890 1,285,682 551,208 Planning commission 16,620 15,830 14,517 1,313 Code enforcement 786,190 792,200 772,137 20,063 Administration 543,820 780,910 823,861 (42,951) Building and safety 1,906,360 1,742,200 1,636,048 106,152 Community services Administration 4,502,250 4,277,380 4,143,622 133,758 Park and recreation commission 3,100 3,670 3,090 580 Engineering and public works Engineering administration 464,800 466,150 433,860 32,290 Development management 706,800 717,600 657,810 59,790 NPDES 411,280 377,370 364,868 12,502 Project management 445,140 462,030 466,981 (4,951) Traffic management 100,460 100,290 95,210 5,080 Park maintenance 2,437,410 2,722,510 2,546,765 175,745 Vehicle and equipment maintenance 1,006,420 977,200 905,354 71,846 Facilities maintenance 3,615,940 3,541,830 2,999,591 542,239 Street maintenance 2,366,050 2,385,750 2,307,218 78,532 Metrolink maintenance 237,120 242,330 226,450 15,880 Capital outlay 1,968,410 1,246,220 672,243 573,977 Debt service: Principal retirement 11,030 9,480 9,455 25 Interest and fiscal charges 5,410 5,410 5,410 - Transfers out 1,943,200 1,912,730 2,856,310 (943,580) Total Charges to Appropriations 69,053,360 69,603,960 66,751,838 2,852,122 Budgetary Fund Balance, June 30 (Budgetary Basis) $ 97,652,393 $ 100,877,713 108,363,398 $ 7,485,685 Encumbrances 829,078 Budgetary Fund Balance, June 30 (GAAP Basis) $ 109,192,476 :• CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CITYWIDE INFRASTRUCTURE IMPROVEMENT YEAR ENDED JUNE 30, 2014 87 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 3,710,779 $ 3,710,779 $ 3,710,779 $ - Resources (Inflows): Intergovernmental 1,850,000 2,000,000 1,999,129 (871) Use of money and property 60,860 46,340 67,018 20,678 Miscellaneous - - 635,757 635,757 Amounts Available for Appropriations 5,621,639 5,757,119 6,412,683 655,564 Charges to Appropriation (Outflow): Engineering and public works 17,290 29,110 10,587 18,523 Capital outlay 1,889,700 2,690,640 622,810 2,067,830 Total Charges to Appropriations 1,906,990 2,719,750 633,397 2,086,353 Budgetary Fund Balance, June 30 (Budgetary Basis) $ 3,714,649 $ 3,037,369 5,779,286 $ 2,741,917 Encumbrances 491,865 Budgetary Fund Balance, June 30 (GAAP Basis) $ 6,271,151 87 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) FIRE DISTRICT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 as restated Resources (Inflows): Taxes Licenses and permits Charges for services Use of money and property Fines and forfeitures Contributions Miscellaneous Proceeds from sale of capital asset Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety - fire protection Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) Budget Original $61,177,021 Amounts Actual $ 61,177,021 $61,177,021 Variance with Final Budget Positive (Negative) 35,512,350 33,506,880 33,603,114 96,234 46,370 54,930 102,152 47,222 40,010 64,730 51,684 (13,046) 200,990 754,310 1,329,003 574,693 49,620 27,200 17,586 (9,614) 3,000 1,000 - (1,000) 696,590 905,220 849,979 (55,241) - 17,820 18,358 538 97,725,951 96,509,111 97,148,897 639,786 28,978,290 29,160,250 28,505,325 654,925 3,524,500 5,591,660 4,841,949 749,711 12,920 17,600 6,129 11,471 1 Q1 Rqn 1 Q1 Rqn 1 RQ 7r,9 7 n7R 32,707,540 34,961,340 33,543,155 1,418,185 $65,018,411 $ 61,547,771 63,605,742 $ 2,057,971 1,720,392 $ 65,326,134 0 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). :• 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. .c 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. 91 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. 92 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. Senior Transportation Service Fund - Through funding from the County of San Bernardino /Department of Aging and Adult Services, the Senior Transportation Program provides funding for the continuation /enhancement of senior transportation services to homebound senior citizens in the community. Specifically, the program will bring homebound seniors to the James L. Brulte Senior Center (the Center) for the hot lunch program and will allow senior citizens to participate in classes, programs, and other activities at the Center that they may not have been able to participate in due to transportation needs. Funding provided by the County allows for the continuation of our current program, an expansion of services, or the purchase of vehicles, depending upon City needs. 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. 93 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. 94 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. 95 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Special Revenue Funds Park Gas Tax Recreation Development Beautification Assets: Cash and investments $ 7,861,097 $ 2,994,113 $ 11,804,313 $ 1,322,903 Receivables: Accounts 1,815 20,590 - - Taxes 518,176 - - - Notes and loans - 349 - - Accrued interest 7,051 2,629 12,575 1,333 Loans - - - - Grants - - - - Prepaid costs - 30,652 - - Deposits - 22,198 - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 8,388,139 $ 3,070,531 $ 11,816,888 $ 1,324,236 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ 1,106,036 $ 351,516 $ 13,068 $ - Accrued liabilities 38,308 123,600 19 - Unearned revenues - 80,693 - 93,407 Due to other governments - - - - Due to other funds - - - - Advances from other funds - - 300,000 - Total Liabilities 1,144,344 555,809 313,087 93,407 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - 30,652 - - Deposits - 22,198 - - Land held for resale - - - - Restricted for: Community development projects - - 11,503,801 - Public safety - police - - - - Parks and recreation - 2,461,872 - - Engineering and public works 7,243,795 - - 1,230,829 Capital improvement projects - - - - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned - - - - Total Fund Balances 7,243,795 2,514,722 11,503,801 1,230,829 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 8,388,139 $ 3,070,531 $ 11,816,888 $ 1,324,236 M CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Assets: Cash and investments Receivables: Accounts Taxes Notes and loans Accrued interest Loans Grants Prepaid costs Deposits 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 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 $ 457,308 $ 859,593 $ 76,021 $ 4,544 3,366 81,613 16,626 - 35,341 - - 86,416 496,015 941,206 92,647 90,960 90,960 - 90,960 - - 18,563,972 - 5,229,916 - - - - 12,067,149 - - - - - (90,960) 5,229,916 12,067,149 18,563,972 (90,960) $ 5,725,931 $ 13,008,355 $ 18,656,619 $ 90,960 97 Landscape Lighting Maintenance Pedestrian Districts Districts Transportation Grant $ 5,690,475 $ 12,836,141 $ 18,636,768 $ - 65 7,273 - - 29,456 152,881 - - 5,935 12,060 19,851 - - - - 90,960 $ 5,725,931 $ 13,008,355 $ 18,656,619 $ 90,960 $ 457,308 $ 859,593 $ 76,021 $ 4,544 3,366 81,613 16,626 - 35,341 - - 86,416 496,015 941,206 92,647 90,960 90,960 - 90,960 - - 18,563,972 - 5,229,916 - - - - 12,067,149 - - - - - (90,960) 5,229,916 12,067,149 18,563,972 (90,960) $ 5,725,931 $ 13,008,355 $ 18,656,619 $ 90,960 97 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Special Revenue Funds Community San Sevaine/ Development Assessment Etiwanda Block Grant Administration Drainage SB 140 Assets: Cash and investments $ 23,537 $ 860,682 $ 1,271,186 $ 36,690 Receivables: Accounts - 38 - - Taxes - - - - Notes and loans - - - - Accrued interest - 929 1,423 - Loans 709,228 - - - Grants 313,164 - - - Prepaid costs - - - - Deposits - - - - Land held for resale 1,076,211 - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 2,122,140 $ 861,649 $ 1,272,609 $ 36,690 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ 20,390 $ 58,206 $ - $ - Accrued liabilities 10,906 4,739 - - Unearned revenues - - - - Due to other governments 709,228 - - - Due to other funds - - - - Advances from other funds - - - - Total Liabilities 740,524 62,945 - - Deferred Inflows of Resources: Unavailable revenues 313,164 - - - Total Deferred Inflows of Resources 313,164 - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale 1,076,211 - - - Restricted for: Community development projects - 798,704 - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - 36,690 Capital improvement projects - - 1,272,609 - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned (7,759) - - - Total Fund Balances 1,068,452 798,704 1,272,609 36,690 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 2,122,140 $ 861,649 $ 1,272,609 $ 36,690 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) al Revenue Funds South Lower Masi Air Quality Etiwanda Etiwanda Commerce Improvement Drainage Drainage Center Assets: Cash and investments $ 474,403 $ 305,909 $ 525,878 $ 10,656 Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest 449 338 576 12 Loans - - - - Grants 160,218 - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - 290,300 Total Assets $ 635,070 $ 306,247 $ 526,454 $ 300,968 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 160,218 - - - Total Deferred Inflows of Resources 160,218 - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects 474,852 - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - 306,247 526,454 - Capital improvement projects - - - 300,968 Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned - - - - Total Fund Balances 474,852 306,247 526,454 300,968 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 635,070 $ 306,247 $ 526,454 $ 300,968 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Assets: Cash and investments Receivables: Accounts Taxes Notes and loans Accrued interest Loans Grants Prepaid costs Deposits 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 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 Proposition Library 84 - Park Bond Asset Measure I Services Act Forfeiture $ 6,630,114 $ 7,395,189 $ - $ 453,637 181,137 - - - - 59,202 - - 6,420 6,401 - 158 - 17,090 - - $ 340,516 $ 94,639 $ - $ 9,676 85,364 - - 9,651 - 4,377 350,192 189,654 4,377 - 17,090 - - - - - 453,795 6,467,479 - - - - 1,000,246 - - 6,270,892 - - - - (4,377) - 6,467,479 7,288,228 (4,377) 453,795 $ 6,817,671 $ 7,477,882 $ - $ 453,795 100 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Saecial Revenue Funds 101 Used Oil Recycling COPS Drainage CA State Grant Program Grant Facilities Library Assets: Cash and investments $ 64,865 $ 593,376 $ 4,169,603 $ 127,893 Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - - 4,310 - Loans - - - - Grants - 86,422 - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 64,865 $ 679,798 $ 4,173,913 $ 127,893 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ - $ 13,149 $ 16,767 $ 93,144 Accrued liabilities - - 1,627 - Unearned revenues 64,865 - 5,102 28,922 Due to other governments - - - - Due to other funds - - - - Advances from other funds - - - - Total Liabilities 64,865 13,149 23,496 122,066 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - 666,649 - - Parks and recreation - - - - Engineering and public works - - 4,150,417 - Capital improvement projects - - - - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - 5,827 Unassigned - - - - Total Fund Balances - 666,649 4,150,417 5,827 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 64,865 $ 679,798 $ 4,173,913 $ 127,893 101 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Special Revenue Funds Library AB 2928 Energy Services & Traffic Litter Efficient & Technologies Congestion Reduction Conservation Act Relief Grant Block Grant Assets: Cash and investments $ 37,060 $ 294,506 $ 76,482 $ 724 Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - - - - Loans - - - 404,520 Grants - - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 37,060 $ 294,506 $ 76,482 $ 405,244 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ - $ - $ 10,958 $ - Accrued liabilities - - - 820 Unearned revenues - - 65,511 - Due to other governments - - - 404,520 Due to other funds - - - - Advances from other funds - - - - Total Liabilities - - 76,469 405,340 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - 13 - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - 294,506 - - Capital improvement projects - - - - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services 37,060 - - - Unassigned - - - (96) Total Fund Balances 37,060 294,506 13 (96) Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 37,060 $ 294,506 $ 76,482 $ 405,244 102 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Special Revenue Funds 103 Senior Safe Routes Outreach Undergound to School COPS Hiring Grant Utilities Program Program Grant Assets: Cash and investments $ - $ 11,394,124 $ - $ - Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - 12,368 - - Loans - - - - Grants 5,755 - 341,887 10,000 Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 5,755 $ 11,406,492 $ 341,887 $ 10,000 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ - $ - $ 21,674 $ - Accrued liabilities - - 1,962 Unearned revenues - - - - Due to other governments - - - - Due to other funds 5,755 - 318,455 10,000 Advances from other funds - - - - Total Liabilities 5,755 - 342,091 10,000 Deferred Inflows of Resources: Unavailable revenues 4,025 - 341,887 - Total Deferred Inflows of Resources 4,025 - 341,887 - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - - Capital improvement projects - - - - Street lighting - - - - Underground utilities - 11,406,492 - - Landscape maintenance - - - - Library services - - - - Unassigned (4,025) - (342,091) - Total Fund Balances (4,025) 11,406,492 (342,091) - Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 5,755 $ 11,406,492 $ 341,887 $ 10,000 103 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 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 $ 813 $ 12,042 $ 194,504 $ 19,214 Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - - 177 - Loans - - - - Grants - - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 813 $ 12,042 $ 194,681 $ 19,214 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ - $ - $ 1,113 $ - Accrued liabilities 456 - - - Unearned revenues - 12,042 172,564 9,814 Due to other governments - - - - Due to other funds - - - - Advances from other funds - - - - Total Liabilities 456 12,042 173,677 9,814 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works 357 - - - Capital improvement projects - - - - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - 21,004 9,400 Unassigned - - - - Total Fund Balances 357 - 21,004 9,400 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 813 $ 12,042 $ 194,681 $ 19,214 104 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Special Revenue Funds Assets: Cash and investments Receivables: Accounts Taxes Notes and loans Accrued interest Loans Grants Prepaid costs Deposits 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 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 Department of Public Drink, Drive, Homeland Resource Proposition Lose Grant Security Grant $ 15,351 $ 74,886 $ 21,773 - 601 26,585 $ 235,332 76,186 - 260 75,318 - $ - $ - $ 143,804 $ - - 7,047 13,574 97,260 - - 601 - - - - 27,238 - 1,777 - - - - - - 235,592 - (601) - - 1,777 - 27,238 235,592 $ 15,351 $ 97,260 $ 178,089 $ 235,592 105 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Special Revenue Funds Proposition Henderson/ Integrated 42 - Traffic Wardman Waste Federal Grant Congestion Drainage Management Fund - Dreier Relief Assets: Cash and investments $ 920,825 $ 1,962,091 $ 13,545 $ 319,124 Receivables: Accounts - 2,035 - - Taxes - 366,343 - - Notes and loans - - - - Accrued interest - 1,985 - 578 Loans - - - - Grants - - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 920,825 $ 2,332,454 $ 13,545 $ 319,702 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ - $ 17,974 $ 13,545 $ 10,815 Accrued liabilities - 23,915 - - Unearned revenues - - - - Due to other governments - - - - Due to other funds - - - - Advances from other funds - - - - Total Liabilities - 41,889 13,545 10,815 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works 920,825 2,290,565 - 308,887 Capital improvement projects - - - - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned - - - - Total Fund Balances 920,825 2,290,565 - 308,887 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 920,825 $ 2,332,454 $ 13,545 $ 319,702 1: CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Special Revenue Funds Assets: Cash and investments Receivables: Accounts Taxes Notes and loans Accrued interest Loans Grants Prepaid costs Deposits 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 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 Freedom Courtyard Justice Senior Homeland Resource Assistance Transportation Security Grant $ 2,148 $ 21,430 $ 5 - - - - 79,341 $ 60 $ 105 $ - $ - 2,063 18,952 - - 79,341 25 2,378 $ 2,148 $ 21,435 $ 107 - 79,341 - (79,341) (79,341) $ 79,341 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Special Revenue Fund Capital Projects Funds Used Oil Recycling Assessment Assessment Assessment Program District 82 -1 District 84 -1 District 86 -2 Assets: Cash and investments $ - $ 12,822 $ 1,094,832 $ - Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - 14 1,209 - Loans - - - - Grants 6,466 - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 6,466 $ 12,836 $ 1,096,041 $ - Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ 4,915 $ - Accrued liabilities 1,051 - - Unearned revenues - - - - Due to other governments - - - - Due to other funds 580 - - 41,128 Advances from other funds - - - - Total Liabilities 6,546 - - 41,128 Deferred Inflows of Resources: Unavailable revenues 6,466 - - - Total Deferred Inflows of Resources 6,466 - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - - Capital improvement projects - 12,836 1,096,041 - Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned (6,546) - - (41,128) Total Fund Balances (6,546) 12,836 1,096,041 (41,128) Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 6,466 $ 12,836 $ 1,096,041 $ - 108 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (CONTINUED) Capital Projects Funds 109 CFD 2000 -01 CFD 2000 -03 South Rancho CFD 2003 -01 Etiwanda Summit CFD 2001 -01 Project Fund Assets: Cash and investments $ 76 $ 19,087 $ 482,859 $ 5,581 Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - - 533 - Loans - - - - Grants - - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - - 169,315 Total Assets $ 76 $ 19,087 $ 483,392 $ 174,896 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 - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - - Capital improvement projects 76 19,087 483,392 174,896 Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned - - - - Total Fund Balances 76 19,087 483,392 174,896 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 76 $ 19,087 $ 483,392 $ 174,896 109 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Capital Projects Funds Public Library Etiwanda CFD 2004 -01 CFD 2003 -01 Bond Act - Equestrian Rancho Cultural 2000 Facility Etiwanda Center Assets: Cash and investments $ 32,662 $ 651,539 $ 4,983 $ - Receivables: Accounts - - - - Taxes - - - - Notes and loans - - - - Accrued interest - 709 6 - Loans - - - - Grants - - - - Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted assets: Cash and investments with fiscal agents - - 187,810 184,657 Total Assets $ 32,662 $ 652,248 $ 192,799 $ 184,657 Liabilities, Deferred Inflows of Resources, and Fund Balances: Liabilities: Accounts payable $ 6,128 $ - $ - $ - Accrued liabilities - - - - Unearned revenues 26,527 - - - Due to other governments - - - - Due to other funds - - - 179,628 Advances from other funds - - - - Total Liabilities 32,655 - - 179,628 Deferred Inflows of Resources: Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances: Nonspendable: Prepaid costs - - - - Deposits - - - - Land held for resale - - - - Restricted for: Community development projects - - - - Public safety - police - - - - Parks and recreation - - - - Engineering and public works - - - - Capital improvement projects 7 652,248 192,799 5,029 Street lighting - - - - Underground utilities - - - - Landscape maintenance - - - - Library services - - - - Unassigned - - - - Total Fund Balances 7 652,248 192,799 5,029 Total Liabilities, Deferred Inflows of Resources, and Fund Balances $ 32,662 $ 652,248 $ 192,799 $ 184,657 110 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 Assets: Cash and investments Receivables: Accounts Taxes Notes and loans Accrued interest Loans Grants Prepaid costs Deposits 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 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 111 Capital Projects Funds CFD 2006 -01 CFD 2006 -02 Total Nonmajor Vintner's Amador on Governmental Grove Route 66 Funds $ 1,842 $ 5,937 $ 102,022,434 - - 289,139 1,126,058 - - 349 2 7 100,303 - - 1,113,748 - - 1,191,304 - - 48,343 - - 22,198 - - 1,076,211 606,810 1,963 1,440,855 $ 608,654 $ 7,907 $ 108,430,942 $ - $ - $ 3,735,988 - - 411,095 - 700,947 - - 1,113,748 - 761,021 - - 300,000 - 7,022,799 996,061 996,061 - - 48,343 22,198 1,076,211 - 12,804,633 - - 1,124, 599 - 2,461,872 - - 42,576,615 608,654 7,907 5,826,795 - - 5,229,916 - - 11,406,492 - - 12,067,149 - - 6,344,183 - - (576,924) 608,654 7,907 100,412,082 $ 608,654 $ 7,907 $ 108,430,942 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 Special Revenue Funds 112 Park Gas Tax Recreation Development Beautification Revenues: Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental 5,550,323 - 232,635 - Charges for services - 2,830,435 - - Use of money and property 98,874 998,621 170,475 18,201 Contributions - 334,831 - - Developer participation - - 823,430 202,297 Miscellaneous 3,367 177,623 - - Total Revenues 5,652,564 4,341,510 1,226,540 220,498 Expenditures: Current: General government - - - - Public safety - police - - - - Public safety - fire protection - - - - Community development - - 139,106 - Community services - 4,003,012 - - Engineering and public works 2,520,624 - - 902 Capital outlay 1,993,358 10,784 382,424 21,669 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 4,513,982 4,013,796 521,530 22,571 Excess (Deficiency) of Revenues Over (Under) Expenditures 1,138,582 327,714 705,010 197,927 Other Financing Sources (Uses): Transfers in - 1,888 - - Transfers out (83,710) - - - Total Other Financing Sources (Uses) (83,710) 1,888 - - Net Change in Fund Balances 1,054,872 329,602 705,010 197,927 Fund Balances, Beginning of Year 6,188,923 2,185,120 10,798,791 1,032,902 Fund Balances, End of Year $ 7,243,795 $ 2,514,722 $ 11,503,801 $ 1,230,829 112 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year all Revenue Funds 83,710 301,757 - (131,420) 83,710 170,337 - - (245,639) (96,009) 1,149,561 (90,880) 5,475,555 12,163,158 17,414,411 (80) $ 5,229,916 $ 12,067,149 $ 18,563,972 $ (90,960) 113 Landscape Lighting Maintenance Pedestrian Districts Districts Transportation Grant $ 2,029,561 $ 9,991,602 $ - $ - - - 41,627 - 84,710 226,312 268,983 - - 414 - - 12,158 - 2,687,970 - - 4,208 1,825,923 - 2,126,429 10,222,536 4,824,503 - 2,013,626 - - - - 10,283,230 - - - - 938,765 - 442,152 205,652 2,736,177 90,880 90,880 2,455,778 3,674,942 10,488,882 (329,349) (266,346) 1,149,561 (90,880) 83,710 301,757 - (131,420) 83,710 170,337 - - (245,639) (96,009) 1,149,561 (90,880) 5,475,555 12,163,158 17,414,411 (80) $ 5,229,916 $ 12,067,149 $ 18,563,972 $ (90,960) 113 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Special Revenue Funds Community San Sevaine/ Development Assessment Etiwanda Block Grant Administration Drainage $ 1,068,452 $ 798,704 $ 1,272,609 $ 670,237 - - - 12,716 21,956 - - 144,680 354,345 998,839 - 1,024,582 1,011,555 166,636 1,135,738 - 432,577 - - - - 930 378,685 - 344,769 811,262 1,135,738 345,699 213,320 (124,183) (179,063) SB 140 220 220 220 213,320 (179,063) 220 (124,183) 855,132 922,887 1,451,672 36,470 $ 1,068,452 $ 798,704 $ 1,272,609 $ 36,690 114 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year al Revenue Funds South Lower Masi Air Quality Etiwanda Etiwanda Commerce Improvement Drainage Drainage Center 187,402 - 47,800 - 5,765 4,940 8,184 165 193,167 4,940 55,984 165 18,614 - - - - 250 330 - 96,109 - - - 114,723 250 330 - 78,444 4,690 55,654 165 78,444 4,690 55,654 165 396,408 301,557 470,800 300,803 $ 474,852 $ 306,247 $ 526,454 $ 300,968 115 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year all Revenue Funds Proposition Library 84 - Park Bond Asset Measure I Services Act Forfeiture $ - $ 3,452,880 $ - $ - 2,322,077 14,016 - 8,035 - 411,556 - - 85,011 91,871 - 4,777 - 115,000 - - c,•ru1,u00 +'Voa,aca - 3,616,780 1,253,489 - 341,681 20,940 - 8,060 - 2,773 1,595,170 3,648,553 811,918 436,770 500,000 1&,oI'L 90,818 - yu,a is - (78,006) - 500,000 - - 811,918 936,770 - (78,006) 5,655,561 6,351,458 (4,377) 531,801 $ 6,467,479 $ 7,288,228 $ (4,377) $ 453,795 116 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 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 233 329,245 - 148,512 399 2,461 58,417 150 - 933,896 - VJL JJ 1,1 VV .77/4,J 1 I'fO,VVL 55,533 - - - - - 67,753 70 - 102,331 - - - 358,219 84,699 /U 33,33.5 40U,33U 73L,43L 562 276,173 531,763 (3,790) 562 276,173 531,763 (3,790) (562) 390,476 3,618,654 9,617 $ - $ 666,649 $ 4,150,417 $ 5,827 117 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 118 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 - - 32,120 - Charges for services - - - - Use of money and property 220 1,843 317 110 Contributions - - - - Developer participation - - - - Miscellaneous - - - - Total Revenues 220 1,843 32,437 110 Expenditures: Current: General government - - - - Public safety - police - - - - Public safety - fire protection - - - - Community development - - - - Community services - - - - Engineering and public works - - 32,108 - Capital outlay - - - 19,327 Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures - - 32,108 19,327 Excess (Deficiency) of Revenues Over (Under) Expenditures 220 1,843 329 (19,217) Other Financing Sources (Uses): Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - - Net Change in Fund Balances 220 1,843 329 (19,217) Fund Balances, Beginning of Year 36,840 292,663 (316) 19,121 Fund Balances, End of Year $ 37,060 $ 294,506 $ 13 $ (96) 118 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 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 Undergound to School COPS Hiring Grant Utilities Program Program Grant 6,920 - 53,187 50,000 - 570,468 - - - 173,178 - - 6,920 743,646 53,187 50,000 - - - 125,000 7,129 - - - - 7,549 105,684 - 5,600 258,354 - 7,129 13,149 364,038 125,000 (209) 730,497 (310,851) (75,000) 75,000 (1,823) (1,823) - - 75,000 (2,032) 730,497 (310,851) - (1,993) 10,675,995 (31,240) - $ (4,025) $ 11,406,492 $ (342,091) $ - 119 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Special Revenue Funds 12,720 12,720 - - (18,658) 28 84,335 (476) 19,015 (28) (63,331) 9,876 $ 357 $ - $ 21,004 $ 9,400 120 ic,izu CA State auu (18,658) COPS Secure Library Staff (476) Foothill Blvd. Our Schools Innovation The Big Read Maintenance Grant Fund Grant Library Grant $ - $ - $ 3,674 $ - - - 120,388 - 123 28 2,068 124 123 28 126,130 124 - 12,720 - - - - 41,795 600 18,781 - - - 12,720 12,720 - - (18,658) 28 84,335 (476) 19,015 (28) (63,331) 9,876 $ 357 $ - $ 21,004 $ 9,400 120 ic,izu 4i,iao auu (18,658) (12,692) 84,335 (476) 12,720 12,720 - - (18,658) 28 84,335 (476) 19,015 (28) (63,331) 9,876 $ 357 $ - $ 21,004 $ 9,400 120 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year al Revenue Funds Department of Public Drink, Drive, Homeland Resource Proposition Lose Grant Security Grant Grants 1B - 40,006 71,334 - 96 29 315 3,798 - - 288,163 - UU 4U, UJJ JUU,JL/ J,I U0 413,541 - 40,006 - - - - - 180 - 4U,000 413,34-1 IOU 96 29 (53,214) 3,618 96 29 (53,214) 3,618 1,681 (29) 80,452 231,974 $ 1,777 $ - $ 27,238 $ 235,592 121 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year al Revenue Funds - 918,747 - 269 - 12,932 - 560,332 U.5 1,01u - Dou,ou 1 117,836 346,762 83 (551,490) 117,836 346,762 83 (551,490) 802,989 1,943,803 (83) 860,377 $ 920,825 $ 2,290,565 $ - $ 308,887 122 Proposition Henderson/ Integrated 42 - Traffic Wardman Waste Federal Grant Congestion Drainage Management Fund - Dreier Relief $ - $ 1,248,294 $ - $ - - 950 - - 5,075 27,307 83 9,111 112,761 - - - - 1,890 - - 117,836 1,278,441 83 9,111 - 918,747 - 269 - 12,932 - 560,332 U.5 1,01u - Dou,ou 1 117,836 346,762 83 (551,490) 117,836 346,762 83 (551,490) 802,989 1,943,803 (83) 860,377 $ 920,825 $ 2,290,565 $ - $ 308,887 122 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year al Revenue Funds Freedom Courtyard Justice Senior Homeland Resource Assistance Transportation Security Grant Grants Grant Service 2005 153,570 89,622 - - (555) 995 - - 90,617 - - 153,015 - 15,464 - 1,234 774 - - - 3,413 80,882 - 19,879 4'-101 y0,540 - ci, n.s 148,828 (5,729) - (21,113) (65) - - (65) - 148,828 (5,729) (65) (21,113) (148,803) 8,107 65 (58,228) $ 25 $ 2,378 $ - $ (79,341) 123 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 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 Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Special Revenue Fund Capital Projects Funds Used Oil Recycling Assessment Assessment Assessment Program District 82 -1 District 84 -1 District 86 -2 48,401 - - - (205) 196 17,708 - 720 - 50,453 - - - 50,453 - 720 - (2,257) 196 16,988 - (2,257) 196 16,988 - (4,289) 12,640 1,079,053 (41,128) $ (6,546) $ 12,836 $ 1,096,041 $ (41,128) 124 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 (CONTINUED) 125 Capital Projects Funds CFD 2000 -01 CFD 2000 -03 South Rancho CFD 2003 -01 Etiwanda Summit CFD 2001 -01 Project Fund Revenues: Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental - - - - Charges for services - - - - Use of money and property - 110 7,814 39 Contributions - 2 - - Developer participation - - - - Miscellaneous - - - - Total Revenues - 112 7,814 39 Expenditures: Current: General government - - - - Public safety - police - - - - Public safety - fire protection - - - - Community development - - 320 - Community services - - - - Engineering and public works - - - - Capital outlay - - - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures - - 320 - Excess (Deficiency) of Revenues Over (Under) Expenditures - 112 7,494 39 Other Financing Sources (Uses): Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - - Net Change in Fund Balances - 112 7,494 39 Fund Balances, Beginning of Year 76 18,975 475,898 174,857 Fund Balances, End of Year $ 76 $ 19,087 $ 483,392 $ 174,896 125 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 Capital Projects Funds Public Library Etiwanda CFD 2004 -01 CFD 2003 -01 Bond Act - Equestrian Rancho Cultural 2000 Facility Etiwanda Center Revenues: Taxes $ - $ - $ - $ - Licenses and permits - - - - Intergovernmental 7 - - - Charges for services - - - - Use of money and property 193 10,635 151 11 Contributions - - - - Developer participation - 12,000 - - Miscellaneous - - - - Total Revenues 200 22,635 151 11 Expenditures: Current: General government - - - 50 Public safety - police - - - - Public safety - fire protection - - - - Community development - - - - Community services - - - - Engineering and public works - - 756,910 - Capital outlay - - - - Debt service: Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures - - 756,910 50 Excess (Deficiency) of Revenues Over (Under) Expenditures 200 22,635 (756,759) (39) Other Financing Sources (Uses): Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - - Net Change in Fund Balances 200 22,635 (756,759) (39) Fund Balances, Beginning of Year (193) 629,613 949,558 5,068 Fund Balances, End of Year $ 7 $ 652,248 $ 192,799 $ 5,029 126 CITY OF RANCHO CUCAMONGA COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2014 Capital Projects Funds 127 Total CFD 2006 -01 CFD 2006 -02 Nonmajor Vintner's Amador on Governmental Grove Route 66 Funds Revenues: Taxes $ - $ - $ 16,726,011 Licenses and permits - - 950 Intergovernmental - - 10,217,697 Charges for services - - 3,812,459 Use of money and property 79 88 2,424,292 Contributions - - 738,410 Developer participation - - 4,929,192 Miscellaneous - - 3,366,710 Total Revenues 79 88 42,215,721 Expenditures: Current: General government - - 3,582,289 Public safety - police - - 300,769 Public safety - fire protection - - 40,006 Community development - - 10,905,866 Community services - - 7,737,843 Engineering and public works - - 6,657,739 Capital outlay - - 8,468,917 Debt service: Principal retirement - - 8,060 Interest and fiscal charges - - 2,773 Total Expenditures - - 37,704,262 Excess (Deficiency) of Revenues Over (Under) Expenditures 79 88 4,511,459 Other Financing Sources (Uses): Transfers in - - 975,075 Transfers out - - (217,018) Total Other Financing Sources (Uses) - - 758,057 Net Change in Fund Balances 79 88 5,269,516 Fund Balances, Beginning of Year 608,575 7,819 95,142,566 Fund Balances, End of Year $ 608,654 $ 7,907 $ 100,412,082 127 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) GAS TAX YEAR ENDED JUNE 30, 2014 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) $6,062,643 $ 5,016,183 128 6,259,487 $ 1,243,304 aRa qnR $ 7,243,795 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $6,188,923 $ 6,188,923 $ 6,188,923 $ - 5,181,100 5,018,330 5,550,323 531,993 56,010 61,250 98,874 37,624 - - 3,367 3,367 11,426,033 11,268,503 11,841,487 572,984 2,792,930 2,906,110 2,652,113 253,997 2,476,040 3,262,500 2,846,177 416,323 94,420 83,710 83,710 - 5,363,390 6,252,320 5,582,000 670,320 $6,062,643 $ 5,016,183 128 6,259,487 $ 1,243,304 aRa qnR $ 7,243,795 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) RECREATION YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Charges for services Use of money and property Contributions Miscellaneous Transfers in 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) 129 ;) L,014,lLL Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $2,185,120 $ 2,185,120 $ 2,185,120 $ - 3,081,650 2,896,410 2,830,435 (65,975) 910,410 910,150 998,621 88,471 398,260 353,660 334,831 (18,829) 180,170 178,340 177,623 (717) - - 1,888 1,888 6,755,610 6,523,680 6,528,518 4,838 4,648,800 4,465,770 4,003,012 462,758 - 10,790 10,784 6 4,648,800 4,476,560 4,013,796 462,764 $2,106,810 $ 2,047,120 2,514,722 $ 467,602 129 ;) L,014,lLL CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) PARK DEVELOPMENT YEAR ENDED JUNE 30, 2014 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) Budget Amounts Actual Original Final Amounts $10,798,791 $10,798,791 $10,798,791 Variance with Final Budget Positive (Negative) - - 232,635 232,635 118,560 113,440 170,475 57,035 89,000 693,030 823,430 130,400 11,006,351 11,605,261 12,025,331 420,070 273,310 175,950 139,106 36,844 50,000 451,600 402,424 49,176 323,310 627,550 541,530 86,020 $10,683,041 $10,977,711 11,483,801 $ 506,090 130 20,000 $11,503,801 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) BEAUTIFICATION YEAR ENDED JUNE 30, 2014 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) 131 ;P i,csu,ozo Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $1,032,902 $ 1,032,902 $ 1,032,902 $ - 9,340 11,700 18,201 6,501 80,000 80,000 202,297 122,297 1,122,242 1,124, 602 1,253,400 128,798 1,900 1,900 902 998 401,000 45,980 21,669 24,311 402,900 47,880 22,571 25,309 $ 719,342 $ 1,076,722 1,230,829 $ 154,107 131 ;P i,csu,ozo CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LIGHTING DISTRICTS YEAR ENDED JUNE 30, 2014 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 Capital outlay Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) $4,459,115 $ 4,458,745 132 5,229,916 $ 771,171 $ 5,229,916 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $5,475,555 $ 5,475,555 $ 5,475,555 $ - 1,958,990 1,970,590 2,029,561 58,971 56,650 53,860 84,710 30,850 2,900 3,320 12,158 8,838 94,420 83,710 83,710 - 7,588,515 7,587,035 7,685,694 98,659 2,129,400 2,128,290 2,013,626 114,664 1,000,000 1,000,000 442,152 557,848 3,129,400 3,128,290 2,455,778 672,512 $4,459,115 $ 4,458,745 132 5,229,916 $ 771,171 $ 5,229,916 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LANDSCAPE MAINTENANCE DISTRICTS YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Taxes Use of money and property Contributions Miscellaneous Transfers in Amounts Available for Appropriations Charges to Appropriation (Outflow): Community development 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 $12,163,158 Amounts Actual Final Amounts $12,163,158 $12,163,158 Variance with Final Budget Positive (Negative) 9,469,750 9,765,030 9,991,602 226,572 134,010 134,330 226,312 91,982 - 420 414 (6) 200 200 4,208 4,008 301,440 301,760 301,757 (3) 22,068,558 22,364,898 22,687,451 322,553 10,627,980 11,306,100 10,350,681 955,419 335,450 519,820 361,415 158,405 100,000 131,420 131,420 - 11,063,430 11,957, 340 10, 843,516 1,113,824 $11,005,128 $10,407,558 133 11,843,935 $ 1,436,377 223,214 $12,067,149 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) TRANSPORTATION YEAR ENDED JUNE 30, 2014 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) $11,950,981 $ 9,191,171 134 14,864,750 $ 5,673,579 fCt:LLW"i $18,563,972 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $17,414,411 $17,414,411 $17,414,411 $ - - - 41,627 41,627 152,660 179,340 268,983 89,643 371,000 1,300,000 2,687,970 1,387,970 - - 1,825,923 1,825,923 17,938,071 18,893,751 22,238,914 3,345,163 974,890 978,460 954,515 23,945 5,012,200 8,724,120 6,419,649 2,304,471 5,987,090 9,702,580 7,374,164 2,328,416 $11,950,981 $ 9,191,171 134 14,864,750 $ 5,673,579 fCt:LLW"i $18,563,972 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) PEDESTRIAN GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 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) 135 $ (90,960) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (80) $ (80) $ (80) $ - (80) (80) (80) - 125,000 302,360 90,880 211,480 125,000 302,360 90,880 211,480 $ (125,080) $ (302,440) (90,960) $ 211,480 135 $ (90,960) CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) COMMUNITY DEVELOPMENT BLOCK GRANT YEAR ENDED JUNE 30, 2014 136 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 855,132 $ 855,132 $ 855,132 $ - Resources (Inflows): Intergovernmental 807,950 912,680 670,237 (242,443) Miscellaneous 579,330 356,770 354,345 (2,425) Amounts Available for Appropriations 2,242,412 2,124,582 1,879,714 (244,868) Charges to Appropriation (Outflow): Community development 448,030 448,030 432,577 15,453 Capital outlay 949,660 553,720 378,685 175,035 Total Charges to Appropriations 1,397,690 1,001,750 811,262 190,488 Budgetary Fund Balance, June 30 (Budgetary Basis) $ 844,722 $ 1,122,832 1,068,452 $ (54,380) Encumbrances - Budgetary Fund Balance, June 30 (GAAP Basis) $ 1,068,452 136 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) ASSESSMENT ADMINISTRATION YEAR ENDED JUNE 30, 2014 137 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 922,887 $ 922,887 $ 922,887 $ - Resources (Inflows): Use of money and property 11,150 8,360 12,716 4,356 Miscellaneous 1,049,170 1,049,170 998,839 (50,331) Amounts Available for Appropriations 1,983,207 1,980,417 1,934,442 (45,975) Charges to Appropriation (Outflow): General government 1,195,420 1,211,890 1,148,223 63,667 Total Charges to Appropriations 1,195,420 1,211,890 1,148,223 63,667 Budgetary Fund Balance, June 30 (Budgetary Basis) $ 787,787 $ 768,527 786,219 $ 17,692 Encumbrances 12,485 Budgetary Fund Balance, June 30 (GAAP Basis) $ 798,704 137 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) SAN SEVAINE / ETIWANDA DRAINAGE YEAR ENDED JUNE 30, 2014 138 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $1,451,672 $ 1,451,672 $ 1,451,672 $ - Resources (Inflows): Use of money and property 13,850 13,190 21,956 8,766 Developer participation 26,000 60,000 144,680 84,680 Amounts Available for Appropriations 1,491,522 1,524,862 1,618,308 93,446 Charges to Appropriation (Outflow): Engineering and public works 930 930 930 - Capital outlay - 839,770 839,769 1 Total Charges to Appropriations 930 840,700 840,699 1 Budgetary Fund Balance, June 30 (Budgetary Basis) $1,490,592 $ 684,162 777,609 $ 93,447 Encumbrances 495,000 Budgetary Fund Balance, June 30 (GAAP Basis) $ 1,272,609 138 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) SB 140 YEAR ENDED JUNE 30, 2014 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) 139 $ 36,690 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 36,470 $ 36,470 $ 36,470 $ - - - 220 220 36,470 36,470 36,690 220 $ 36,470 $ 36,470 36,690 $ 220 139 $ 36,690 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) AIR QUALITY IMPROVEMENT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property 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) Budget Amounts Original Final $ 396,408 $ 396,408 Variance with Final Budget Actual Positive Amounts (Negative) $ 396,408 $ - 203,320 268,810 187,402 (81,408) 6,410 3,850 5,765 1,915 606,138 669,068 589,575 (79,493) 35,710 32,130 19,904 12,226 309,500 378,160 358,753 19,407 345,210 410,290 378,657 31,633 $ 260,928 $ 258,778 210,918 $ (47,860) 140 263,934 $ 474,852 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) SOUTH ETIWANDA DRAINAGE YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): 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) 250 250 $ 304,537 $ 304,367 141 250 - 306,247 $ 1,880 $ 306,247 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 301,557 $ 301,557 $ 301,557 $ - 3,230 3,060 4,940 1,880 304,787 304,617 306,497 1,880 250 250 250 - 250 250 $ 304,537 $ 304,367 141 250 - 306,247 $ 1,880 $ 306,247 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LOWER ETIWANDA DRAINAGE YEAR ENDED JUNE 30, 2014 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) 330 330 330 330 $ 475,550 $ 475,670 142 330 - 330 - 526,454 $ 50,784 $ 526,454 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 470,800 $ 470,800 $ 470,800 $ - - - 47,800 47,800 5,080 5,200 8,184 2,984 475,880 476,000 526,784 50,784 330 330 330 330 $ 475,550 $ 475,670 142 330 - 330 - 526,454 $ 50,784 $ 526,454 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) MASI COMMERCE CENTER YEAR ENDED JUNE 30, 2014 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) 143 $ 300,968 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 300,803 $ 300,803 $ 300,803 $ - 100 100 165 65 300,903 300,903 300,968 65 $ 300,903 $ 300,903 300,968 $ 65 143 $ 300,968 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) MEASUREI YEAR ENDED JUNE 30, 2014 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) 144 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $5,655,561 $ 5,655,561 $ 5,655,561 $ - 2,339,030 2,339,030 2,322,077 (16,953) 60,650 55,810 85,011 29,201 8,055,241 8,050,401 8,062,649 12,248 1,222,650 1,284,940 1,256,903 28,037 427,000 1,014,900 951,471 63,429 1,649,650 2,299,840 2,208,374 91,466 $6,405,591 $ 5,750,561 5,854,275 $ 103,714 613,204 $ 6,467,479 144 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LIBRARY SERVICES YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Taxes Intergovernmental Charges for services Use of money and property Contributions Transfers in Amounts Available for Appropriations Charges to Appropriation (Outflow): Community services Capital outlay Debt service: Principal retirement Interest and fiscal charges Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) $5,904,708 $ 6,151,398 145 7,263,878 $ 1,112,480 24,350 $ 7,288,228 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 6,351,458 $ 6,351,458 $ 6,351,458 $ - 3,371,560 3,464,630 3,452,880 (11,750) - 23,660 14,016 (9,644) 371,500 387,550 411,556 24,006 58,380 49,890 91,871 41,981 140,000 140,000 115,000 (25,000) - - 500,000 500,000 10,292, 898 10,417,188 10,936,781 519,593 4,128,690 4,151,180 3,638,984 512,196 250,000 102,740 20,940 81,800 9,500 11,870 10,206 1,664 - - 2,773 (2,773) 4,388,190 4,265,790 3,672,903 592,887 $5,904,708 $ 6,151,398 145 7,263,878 $ 1,112,480 24,350 $ 7,288,228 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) ASSET FORFEITURE YEAR ENDED JUNE 30, 2014 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) 146 .11 43s, I U3 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 531,801 $ 531,801 $ 531,801 $ - - - 8,035 8,035 1,510 1,430 4,777 3,347 533,311 533,231 544,613 11,382 30,820 90,850 90,818 32 155,000 - - - 185,820 90,850 90,818 32 $ 347,491 $ 442,381 453,795 $ 11,414 146 .11 43s, I U3 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) COPS PROGRAM GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety - Police Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 147 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 390,476 $ 390,476 $ 390,476 $ - 200,000 200,000 329,245 129,245 - - 2,461 2,461 590,476 590,476 722,182 131,706 203,010 203,010 55,533 147,477 203,010 203,010 55,533 147,477 $ 387,466 $ 387,466 666,649 $ 279,183 $ 666,649 147 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) DRAINAGE FACILITIES YEAR ENDED JUNE 30, 2014 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) 148 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $3,618,654 $ 3,618,654 $ 3,618,654 $ - 39,540 38,500 58,417 19,917 240,000 545,000 933,896 388,896 3,898,194 4,202,154 4,610,967 408,813 127,250 129,300 123,961 5,339 106,000 1,322,960 1,067,114 255,846 233,250 1,452,260 1,191,075 261,185 $ 3,664,944 $ 2,749,894 3,419,892 $ 669,998 730,525 $ 4,150,417 148 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CA STATE LIBRARY YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property Contributions 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) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 9,617 $ 9,617 $ 9,617 $ - 172,090 148,512 (23,578) - - 150 150 - 3,000 - (3,000) 9,617 184,707 158,279 (26,428) 18,010 117,220 95,351 21,869 - 90,340 84,699 5,641 18,010 207,560 180,050 27,510 $ (8,393) $ (22,853) 149 (21,771) $ 1,082 27,598 $ 5,827 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LIBRARY SERVICES & TECHNOLOGIES ACT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Use of money and property Amounts Available for Appropriations Charges to Appropriation (Outflow): Community services Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 150 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 36,840 $ 36,840 $ 36,840 $ - - - 220 220 36,840 36,840 37,060 220 110 - - - 110 - - - $ 36,730 $ 36,840 37,060 $ 220 $ 37,060 150 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) LITTER REDUCTION GRANT YEAR ENDED JUNE 30, 2014 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) Budget Amounts Actual Original Final Amounts $ (316) $ (316) $ (316) 44,750 45,840 32,120 - - 317 Variance with Final Budget Positive (Negative) (13,720) 317 44,434 45,524 32,121 (13,403) 45,870 45,840 42,002 3,838 45,870 45,840 42,002 3,838 $ (1,436) $ (316) (9,881) $ (9,565) 9,894 151 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) ENERGY EFFICIENT & CONSERVATION BLOCK GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental 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) Budget Amounts Actual Original Final Amounts $ 19,121 $ 19,121 $ 19,121 18,480 - - - - 110 37,601 19,121 19,231 - 19,330 19,327 - 19,330 19,327 $ 37,601 $ (209) 152 Variance with Final Budget Positive (Negative) W %­1 110 110 3 3 113 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) SENIOR OUTREACH GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Amounts Available for Appropriations Charges to Appropriation (Outflow): Parks and recreation Transfers out 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) $ (1,993) $ (1,993) $ (1,993) $ - 7,130 7,130 7,129 1 - - 1,823 (1,823) 7,130 7,130 8,952 (1,822) $ (2,203) $ (2,203) (4,025) $ (1,822) 153 W k -1 —) CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) UNDERGROUND UTILITIES YEAR ENDED JUNE 30, 2014 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 $10,675,995 Amounts Actual Final Amounts $ 10,675,995 $10,675,995 Variance with Final Budget Positive (Negative) 50,000 400,000 570,468 170,468 48,260 111,580 173,178 61,598 10,774,255 11,187, 575 11,419,641 232,066 13,460 13,460 7,549 5,911 661,170 105,600 5,600 100,000 674,630 119,060 13,149 105,911 $10,099,625 $ 11,068,515 11,406,492 $ 337,977 154 $11,406,492 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) SAFE ROUTES TO SCHOOL PROGRAM YEAR ENDED JUNE 30, 2014 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 Budgetary Fund Balance, June 30 (GAAP Basis) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (31,240) $ (31,240) $ (31,240) $ - (31,240) 21,940 21,947 7 175,960 107,410 105,684 1,726 324,400 636,760 263,867 372,893 z> (5s1,buu) z> (i«,zsu) 155 (34 /,bu4) zl� S 14,b2'b CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) COPS HIRING PROGRAM GRANT YEAR ENDED JUNE 30, 2014 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) 156 Budget Amounts Original Final 40,000 40,000 115,000 115,000 125,000 10,000 115,000 115,000 125,000 (10,000) 115,000 115,000 125,000 (10,000) Variance with Final Budget Actual Positive Amounts (Negative) 50,000 10,000 75,000 - 115,000 115,000 125,000 10,000 115,000 115,000 125,000 (10,000) 115,000 115,000 125,000 (10,000) CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) FOOTHILL BLVD. MAINTENANCE YEAR ENDED JUNE 30, 2014 157 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 $ 19,015 $ 19,015 $ 19,015 $ - Resources (Inflows): Use of money and property - - 123 123 Amounts Available for Appropriations 19,015 19,015 19,138 123 Charges to Appropriation (Outflow): Engineering and public works 19,010 19,090 18,781 309 Total Charges to Appropriations 19,010 19,090 18,781 309 Budgetary Fund Balance, June 30 (Budgetary Basis) $ 5 $ (75) 357 $ 432 Encumbrances - Budgetary Fund Balance, June 30 (GAAP Basis) $ 357 157 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) COPS SECURE OUR SCHOOLS GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property Transfers in Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety - Police 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) $ (28) $ (28) $ (28) $ - 2,660 29,220 - (29,220) - - 28 28 12,720 12,720 12,720 - 15,352 41,912 12,720 (29,192) 15,380 10,870 12,720 (1,850) 15,380 10,870 12,720 (1,850) $ (28) $ 31,042 - $ (31,042) 158 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CA STATE LIBRARY STAFF INNOVATION FUND GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Taxes 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) $ (118,331) $ 45,669 159 21,004 $ (24,665) $ 21,004 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (63,331) $ (63,331) $ (63,331) $ - - - 3,674 3,674 - 168,000 120,388 (47,612) - - 2,068 2,068 (63,331) 104,669 62,799 (41,870) 55,000 59,000 41,795 17,205 55,000 59,000 41,795 17,205 $ (118,331) $ 45,669 159 21,004 $ (24,665) $ 21,004 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) THE BIG READ LIBRARY GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): 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 Positive Original Final Amounts (Negative) $ 9,876 $ 9,876 $ 9,876 $ - 9,876 9,876 10,000 124 3,600 600 600 - 3,600 600 600 - $ 6,276 $ 9,276 9,400 $ 124 160 w CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) DEPARTMENT OF HOMELAND SECURITY GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety - fire protection 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) $ (29) $ (29) $ (29) $ - 37,940 60,970 40,006 (20,964) - - 29 29 37,911 60,941 40,006 (20,935) 40,970 60,970 40,006 20,964 40,970 60,970 40,006 20,964 $ (3,059) $ (29) - $ 29 161 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) PUBLIC RESOURCE GRANTS YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property 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) $ 77,732 $ 21,932 27,238 $ 5,306 162 .p L /,LJO Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 80,452 $ 80,452 $ 80,452 $ - - 37,240 71,334 34,094 - - 315 315 123,840 319,270 288,163 (31,107) $ 77,732 $ 21,932 27,238 $ 5,306 162 .p L /,LJO CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) PROPOSITION 1B YEAR ENDED JUNE 30, 2014 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) Budget Amounts Original Final $ 231,974 $ 231,974 Variance with Final Budget Actual Positive Amounts (Negative) $ 231,974 $ - 180 180 180 - 180 180 180 - $ 234,274 $ 234,144 235,592 $ 1,448 163 � LJJ, J.7L CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) INTEGRATED WASTE MANAGEMENT YEAR ENDED JUNE 30, 2014 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) 164 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $1,943,803 $ 1,943,803 $ 1,943,803 $ - 1,122,220 1,123,870 1,248,294 124,424 - 850 950 100 24,010 17,290 27,307 10,017 - - 1,890 1,890 3,090,033 3,085,813 3,222,244 136,431 1,094,980 1,171,620 925,777 245,843 - 18,990 12,932 6,058 1,094,980 1,190,610 938,709 251,901 $1,995,053 $ 1,895,203 2,283,535 $ 388,332 7,030 $ 2,290,565 164 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) PROPOSITION 42 - TRAFFIC CONGESTION MITIGATION YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): 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 Amounts Original Final $ 860,377 $ 860,377 Variance with Final Budget Actual Positive Amounts (Negative) $ 860,377 $ - 1,430 1,430 269 1,161 71,390 570,380 560,332 10,048 .➢ OV I,VCr �p Ly,F,JJ! 165 JV0,00 1 10 I�F,JJV yJ JV V,VVI CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) FREEDOM COURTYARD RESOURCE GRANT YEAR ENDED JUNE 30, 2014 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 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (148,803) $ (148,803) $ (148,803) $ - - 155,630 153,570 (2,060) - - (555) (555) (148,803) 6,827 4,212 (2,615) 780 774 6 - 5,470 3,413 2,057 6,250 4,187 2,063 $ (148,803) $ 577 25 $ (552) Budgetary Fund Balance, June 30 (GAAP Basis) $ 25 .: CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) JUSTICE ASSISTANCE GRANT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental Use of money and property Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety Capital outlay 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) $ 8,107 $ 8,107 $ 8,107 $ - 40,000 86,050 89,622 3,572 - 70 995 925 48,107 94,227 98,724 4,497 160 15,470 15,464 6 - 78,740 80,882 (2,142) 160 94,210 96,346 (2,136) $ 47,947 $ 17 2,378 $ 2,361 $ 2,378 167 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) HOMELAND SECURITY GRANT 2005 YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Amounts Available for Appropriations Charges to Appropriation (Outflow): Public safety Capital outlay Total Charges to Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 168 $ (79,341) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (58,228) $ (58,228) $ (58,228) $ - (58,228) (58,228) (58,228) - 1,240 1,234 6 30,140 19,879 10,261 31,380 21,113 10,267 $ (58,228) $ (89,608) (79,341) $ 10,267 168 $ (79,341) CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) USED OIL RECYCLING PROGRAM YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Intergovernmental 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) $ (19,589) $ (4,289) 169 (6,546) $ (2,257) $ (6,546) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ (4,289) $ (4,289) $ (4,289) $ - 32,930 52,670 48,401 (4,269) - - (205) (205) 28,641 48,381 43,907 (4,474) 48,230 52,670 50,453 2,217 48,230 52,670 50,453 2,217 $ (19,589) $ (4,289) 169 (6,546) $ (2,257) $ (6,546) CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) ASSESSMENT DISTRICT 82 -1 YEAR ENDED JUNE 30, 2014 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) 170 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 12,640 $ 12,640 $ 12,640 $ - 130 120 196 76 12,770 12,760 12,836 76 $ 12,770 $ 12,760 12,836 $ 76 $ 12,836 170 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) ASSESSMENT DISTRICT 84 -1 YEAR ENDED JUNE 30, 2014 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 Appropriation Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 171 $ 1,096,041 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $1,079,053 $ 1,079,053 $ 1,079,053 $ - 11,560 10,950 17,708 6,758 1,090,613 1,090,003 1,096,761 6,758 720 720 720 - 720 720 720 - $1,089,893 $ 1,089,283 1,096,041 $ 6,758 171 $ 1,096,041 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2000 -01 SOUTH ETIWANDA YEAR ENDED JUNE 30, 2014 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) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 76 $ 76 $ 76 $ - 10 - - - 86 76 76 - $ 86 $ 76 76 $ - 172 � re CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2000 -03 RANCHO SUMMIT YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Use of money and property Contributions Amounts Available for Appropriations Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 173 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 18,975 $ 18,975 $ 18,975 $ - 1,200 - 110 110 - - 2 2 20,175 18,975 19,087 112 $ 20,175 $ 18,975 19,087 $ 112 $ 19,087 173 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) C F D 2001 -01 YEAR ENDED JUNE 30, 2014 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 Appropriation Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 320 320 $ 480,688 $ 480,408 174 320 - 483,392 $ 2,984 $ 483,392 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 475,898 $ 475,898 $ 475,898 $ - 5,110 4,830 7,814 2,984 481,008 480,728 483,712 2,984 320 320 $ 480,688 $ 480,408 174 320 - 483,392 $ 2,984 $ 483,392 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2003 -01 PROJECT FUND YEAR ENDED JUNE 30, 2014 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) Budget Amounts Original Final $ 174,857 $ 174,857 100 - Variance with Final Budget Actual Positive Amounts (Negative) $ 174,857 $ - 174,957 174,857 174,896 39 $ 174,957 $ 174,857 174,896 $ 39 175 174,896 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2004 -01 RANCHO ETIWANDA YEAR ENDED JUNE 30, 2014 Budgetary Fund Balance, July 1 Resources (Inflows): Use of money and property Amounts Available for Appropriations Charges to Appropriation (Outflow): Public works Capital outlay Total Charges to Appropriation Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 176 $ 192,799 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 949,558 $ 949,558 $ 949,558 $ - 170 40 151 111 949,728 949,598 949,709 111 - - 756,910 (756,910) 500,000 500,000 - 500,000 500,000 500,000 756,910 (256,910) $ 449,728 $ 449,598 192,799 $ (256,799) 176 $ 192,799 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2003 -01 CULTURAL CENTER YEAR ENDED JUNE 30, 2014 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 Appropriation 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) $ 5,068 $ 5,068 $ 5,068 $ - 130 - 11 11 5,198 5,068 5,079 11 50 50 50 - 50 50 50 - $ 5,148 $ 5,018 5,029 $ 11 $ 5,029 177 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2006 -01 VINTNER'S GROVE YEAR ENDED JUNE 30, 2014 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 Appropriation Budgetary Fund Balance, June 30 (Budgetary Basis) Encumbrances Budgetary Fund Balance, June 30 (GAAP Basis) 178 Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 608,575 $ 608,575 $ 608,575 $ - 320 10 79 69 608,895 608,585 608,654 69 100,000 100,000 - 100,000 100,000 100,000 - 100,000 $ 508,895 $ 508,585 608,654 $ 100,069 $ 608,654 178 CITY OF RANCHO CUCAMONGA BUDGETARY COMPARISON SCHEDULE (BUDGETARY BASIS) CFD 2006 -02 AMADOR ON ROUTE 66 YEAR ENDED JUNE 30, 2014 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) Variance with Final Budget Budget Amounts Actual Positive Original Final Amounts (Negative) $ 7,819 $ 7,819 $ 7,819 $ - 180 60 88 28 7,999 7,879 7,907 28 $ 7,999 $ 7,879 7,907 $ 28 $ 7,907 179 THIS PAGE INTENTIONALLY LEFT BLANK 180 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. 181 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2014 Assets: Current: Cash and investments Receivables: 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 182 Computer Equipment Equipment/ and Vehicle Technology Replacement Replacement Total $ 8,626,213 $ 3,535,554 $ 12,161,767 9,766 4,017 13,783 8,635,979 3,539,571 12,175,550 1,427,449 2,379,084 3,806,533 1,427,449 2,379,084 3,806,533 $ 10,063,428 $ 5,918,655 $ 15,982,083 $ 64,179 $ 68,126 $ 132,305 62,412 434,581 496,993 126,591 502,707 629,298 177,265 1,327,608 1,504,873 177,265 1,327,608 1,504, 873 303,856 1,830,315 2,134,171 1,187,772 616,895 1,804,667 8,571,800 3,471,445 12,043,245 9,759,572 4,088,340 13,847,912 $ 10,063,428 $ 5,918,655 $ 15,982,083 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2014 Computer Equipment Equipment/ and Vehicle Technology Replacement Replacement Total Operating Revenues: Sales and service charges $ - $ 85,680 $ 85,680 Total Operating Revenues - 85,680 85,680 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 183 98,294 1,145,188 1,243,482 SAO 000 con con 4 n0A OCc 842,127 1,665,720 2,507,847 (842,127) (1,580,040) (2,422,167) 127,689 79,600 207,289 (1,596) (34,526) (36,122) 126,093 45,074 171,167 (716,034) (1,534,966) (2,251,000) - 578,653 578,653 (716,034) (956,313) (1,672,347) 10,475,606 5,044,653 15,520,259 $ 9,759,572 $ 4,088,340 $ 13,847,912 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS YEAR ENDED JUNE 30, 2014 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 payable Total Adjustments Net Cash Provided (Used) by Operating Activities Equipment and Vehicle Replacement (270,249) (270,249) Computer Equipment/ Technology Replacement $ 85,680 (1,199,054) (1,113, 374) T^f � I $ 85,680 (1,469,303) (1,383,623) 578,653 578,653 578,653 578,653 (219,308) (190,835) (410,143) (69,051) (442,746) (511,797) (1,596) (34,526) (36,122) (289,955) (668,107) (958,062) 122,250 77,178 199,428 122,250 77,178 199,428 (437,954) (1,125,650) (1,563,604) 9,064,167 4,661,204 13,725,371 $ 8,626,213 $ 3,535,554 $ 12,161,767 $ (842,127) $ (1,580,040) $ (2,422,167) 743,833 520,532 1,264,365 (171,955) (53,866) (225,821) 571,878 466,666 1,038,544 $ (270,249) $ (1,113,374) $ (1,383,623) Non -Cash Investing, Capital, and Financing Activities: There was no non -cash investing, capital and financing activities in the current fiscal year. 184 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. 185 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. :. THIS PAGE INTENTIONALLY LEFT BLANK 187 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 Liabilities: Accounts payable $ 6,913 $ - $ - $ 87,111 Accrued liabilities - - - 19,596 Deposits payable 8,439,628 - - - Payable to trustee - 46 46 935,971 Due to external parties /other agencies - - - - Total Liabilities $ 8,446,541 $ 46 $ 46 $ 1,042,678 188 Special Assessment Assessment Assessment Deposits District 82 -1 District 84 -2 District 85 -PD Assets: Cash and investments $ 8,395,078 $ 46 $ 46 $ 1,027,666 Receivables: Accounts 2,000 - - - Taxes 49,463 - - 14,066 Accrued interest - - - 946 Restricted assets: Cash and investments with fiscal agents - - - - Total Assets $ 8,446,541 $ 46 $ 46 $ 1,042,678 Liabilities: Accounts payable $ 6,913 $ - $ - $ 87,111 Accrued liabilities - - - 19,596 Deposits payable 8,439,628 - - - Payable to trustee - 46 46 935,971 Due to external parties /other agencies - - - - Total Liabilities $ 8,446,541 $ 46 $ 46 $ 1,042,678 188 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 (CONTINUED) 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 $ 7,540 $ - $ - $ - - 1,287 - - 5,157,984 107,366 847,404 2,046,148 �p i, loo,uc -+ 1p 1u0,0Z)o y owi,•+u•+ 'D 1-+0 189 Assessment Assessment CFD 88 -2 District 91 -2 CFD 93 -3 District 99 -1 $ 5,160,565 $ 108,305 $ 806,827 $ 293,377 - - 39,874 7,746 1,103 231 - - 3,856 117 703 324 - - - 1,744,701 $ 5,165,524 $ 108,653 $ 847,404 $ 2,046,148 $ 7,540 $ - $ - $ - - 1,287 - - 5,157,984 107,366 847,404 2,046,148 �p i, loo,uc -+ 1p 1u0,0Z)o y owi,•+u•+ 'D 1-+0 189 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 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 CFD 2000 -02 Rancho CFD 2000 -01 Cucamonga AD 93 -1 Masi South Corporate Commerce CFD 2001 -01 $ 96,402 $ 424,002 $ 486,670 $ 947,712 - - - 100,000 686 - - 12,945 69 240 432 4 65,800 540,700 242,500 709,358 $ 162,957 $ 964,942 $ 729,602 $ 1,770,019 15,000 - - - 147,957 964,942 729,602 1,770,019 190 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 (CONTINUED) CFD 2000 -03 Rancho CFD 2001 -01 CFD 2003 -01 CFD 2003 -01 Summit Series B Series A Series B Redemption Assets: Cash and investments $ 53,019 $ 577,346 $ 208,647 $ 1,354,346 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 753 - 6,430 - 344 140 1,229 66,821 1,432,796 132,478 - $ 119,840 $ 2,011,239 $ 341,265 $ 1,362,005 119,840 2,011,239 341,265 1,362,005 $ 779,540 $ Z,077,Z39 $ 349,Zb5 $ 1,36Z,005 191 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 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 CFD 2000 -03 Rancho CFD 2000 -03 Summit Park Reserve CFD 2004 -01 Maintenance CFD 2006 -01 $ - $ 1,790,082 $ 589,177 $ 654,983 54,494 3,003 16,356 - 1,482 619 565 661,648 1,189,477 - 379,647 $ 661,648 $ 3,035,535 $ 592,799 $ 1,051,551 $ - $ - $ 30,707 $ - 6,944 - 661,648 3,035,535 555,148 1,051,551 � ooi,o•+o � �,wa,aoa � a5c,r55 � i,va�,aai 192 CITY OF RANCHO CUCAMONGA COMBINING BALANCE SHEET ALL AGENCY FUNDS JUNE 30, 2014 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 $ 360,527 $ 58,574 $ 5 $ 23,393,402 - - - 149,620 - - - 159,530 307 - - 11,377 197,710 - - 7,363,636 $ 558,544 $ 58,574 $ 5 $ 31,077,565 $ - $ 815 $ - $ 133,086 - - 27,827 - - - 8,454,628 558,544 - 5 22,404,265 - 57,759 - 57,759 $ 558,544 $ 58,574 $ 5 $ 31,077,565 193 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 Liabilities: Payable to trustee $ Balance $ - $ - $ Balance Total Liabilities $ 711/2013 Additions Deductions $ 6/30/2014 Special Deposits 46 Assessment District 85 -PD Assets: Assets: Cash and investments $ 7,692,320 $ 1,799,214 $ 1,096,456 $ 8,395,078 Receivables: 1,027,666 Receivables: Accounts 1,500 799 299 2,000 Taxes - 47,637 49,463 47,637 49,463 Total Assets $ 7,741,457 $ 1,849,476 $ 1,144,392 $ 8,446,541 Liabilities: 946 Total Assets $ 1,201,413 $ 1,417,815 $ 1,576,550 Accounts payable $ 13,012 $ 1,132,710 $ 1,138,809 $ 6,913 Deposits payable 7,728,445 $ 2,130,694 $ 1,419,511 $ 8,439,628 Total Liabilities $ 7,741,457 $ 3,263,404 $ 2,558,320 $ 8,446,541 Assessment District 82 -1 19,596 Payable to trustee 1,136,817 1,439,584 1,640,430 Assets: 935,971 Total Liabilities $ 1,201,413 $ 1,991,564 $ 2,150,299 Cash and investments $ 46 $ - $ - $ 46 Total Assets $ 46 $ - $ - $ 46 Liabilities: Payable to trustee $ 46 $ - $ - $ 46 Total Liabilities $ 46 $ - $ - $ 46 Assessment District 84 -2 Assets: Cash and investments $ 46 $ - $ - $ 46 Total Assets $ 46 $ - $ - $ 46 Liabilities: Payable to trustee $ 46 $ - $ - $ 46 Total Liabilities $ 46 $ - $ - $ 46 Assessment District 85 -PD Assets: Cash and investments $ 1,187,059 $ 1,399,815 $ 1,559,208 $ 1,027,666 Receivables: Accounts - 2,020 2,020 - Taxes 13,775 14,066 13,775 14,066 Accrued interest 579 1,914 1,547 946 Total Assets $ 1,201,413 $ 1,417,815 $ 1,576,550 $ 1,042,678 Liabilities: Accounts payable $ 44,139 $ 532,384 $ 489,412 $ 87,111 Accrued liabilities 20,457 19,596 20,457 19,596 Payable to trustee 1,136,817 1,439,584 1,640,430 935,971 Total Liabilities $ 1,201,413 $ 1,991,564 $ 2,150,299 $ 1,042,678 194 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 Assessment District 91 -2 Assets: $ Balance $ 1,287 Cash and investments $ 124,630 $ 36,202 Balance $ 108,305 Receivables: 711/2013 Additions Deductions 6/30/2014 CFD 88 -2 231 290 231 Accrued interest 71 117 71 117 Assets: $ 124,991 $ 36,550 $ 52,888 $ 108,653 Cash and investments $ 5,136,852 $ 342,840 $ 319,127 $ 5,160,565 Receivables: Cash and investments $ 771,944 $ 395,578 $ 360,695 Taxes 806,827 - 1,103 - 1,103 Accrued interest 1,935 7,116 5,195 3,856 Restricted assets: 39,874 Accrued interest 322 703 322 Cash and investments with fiscal agents 703 23,266 - 23,266 - Total Assets $ 5,162,053 $ 351,059 $ 347,588 $ 5,165,524 Liabilities: - Total Assets $ 810,315 $ 436,155 $ 399,066 Accounts payable $ 16,065 $ 90,597 $ 99,122 $ 7,540 Payable to trustee 5,145,988 $ 363,637 $ 351,641 $ 5,157,984 Total Liabilities $ 5,162,053 $ 454,234 $ 450,763 $ 5,165,524 Assessment District 91 -2 Assets: $ 1,187 $ 1,287 Cash and investments $ 124,630 $ 36,202 $ 52,527 $ 108,305 Receivables: 123,804 37,624 Taxes 290 231 290 231 Accrued interest 71 117 71 117 Total Assets $ 124,991 $ 36,550 $ 52,888 $ 108,653 Liabilities: Accrued liabilities $ 1,187 $ 1,287 $ 1,187 $ 1,287 Payable to trustee 123,804 37,624 54,062 107,366 Total Liabilities $ 124,991 $ 38,911 $ 55,249 $ 108,653 CFD 93 -3 Assets: Cash and investments $ 771,944 $ 395,578 $ 360,695 $ 806,827 Receivables: Accounts - 39,874 - 39,874 Accrued interest 322 703 322 703 Restricted assets: Cash and investments with fiscal agents 38,049 - 38,049 - Total Assets $ 810,315 $ 436,155 $ 399,066 $ 847,404 Liabilities: Accounts payable $ - $ 1,000 $ 1,000 $ - Payable to trustee 810,315 435,453 398,364 847,404 Total Liabilities $ 810,315 $ 436,453 $ 399,364 $ 847,404 195 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 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 CFD 2000 -01 South Etiwanda Assets: Cash and investments Receivables: Taxes Accrued interest Restricted assets: Cash and investments with fiscal agents Total Assets Liabilities: Accounts payable Deposits payable Payable to trustee Total Liabilities CFD 2000 -02 Rancho Cucamonga Corporate Park 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 Balance Balance $ 289,352 $ 4,909 $ 884 $ 293,377 7,746 - - 7,746 193 325 194 324 1,671,146 73,565 10 1,744,701 $ 1,968,437 $ 78,799 $ 1,088 $ 2,046,148 $ 1,968,437 $ 78,521 $ 810 $ 2,046,148 $ 1,968,437 $ 78,521 $ 810 $ 2,046,148 $ 83,492 $ 93,537 $ 80,627 $ 96,402 127 687 128 686 34 69 34 69 90,290 65,800 90,290 65,800 $ 173,943 $ 160,093 $ 171,079 $ 162,957 $ - $ 1,500 $ 1,500 $ - - 15,000 - 15,000 $ 173,943 $ 210,822 $ 236,808 $ 147,957 $ 173,943 $ 227,322 $ 238,308 $ 162,957 $ 405,496 $ 543,087 $ 524,581 $ 424,002 1,194 - 1,194 - 237 240 237 240 540,709 8,162 8,171 540,700 $ 947,636 $ 551,489 $ 534,183 $ 964,942 $ - $ 3,513 $ 3,513 $ - 947,636 551,256 533,950 964,942 $ 947,636 $ 554,769 $ 537,463 $ 964,942 CITY OF RANCHO CUCAMONGA $ 1,802,295 $ 1,533,349 $ 1,565,625 $ 1,770,019 COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES $ 1,533,349 $ 1,565,625 $ 1,770,019 ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 Cash and investments $ Balance $ 65,906 $ 62,991 $ Balance Restricted assets: 711/2013 Additions Deductions 6/30/2014 AD 93 -1 Masi Commerce Center Cash and investments with fiscal agents - 68,119 1,298 Assets: 66,821 Total Assets $ 50,104 $ 134,025 $ 64,289 Cash and investments $ 473,567 $ 254,793 $ 241,690 $ 486,670 Receivables: Payable to trustee $ 50,104 $ 134,026 $ 64,290 Accrued interest 119,840 211 $ 432 $ 211 $ 432 Restricted assets: 119,840 Cash and investments with fiscal agents 242,500 3 3 242,500 Total Assets $ 716,278 $ 255,228 $ 241,904 $ 729,602 Liabilities: Accounts payable $ - $ 2,500 $ 2,500 $ - Payable to trustee 716,278 254,796 241,472 729,602 Total Liabilities $ 716,278 $ 257,296 $ 243,972 $ 729,602 CFD 2001 -01 Series A Assets: Cash and investments $ 920,456 $ 795,359 $ 768,103 $ 947,712 Receivables: Accounts 100,000 - - 100,000 Taxes 5,647 12,945 5,647 12,945 Accrued interest 2 4 2 4 Restricted assets: Cash and investments with fiscal agents 776,190 724,761 791,593 709,358 Total Assets $ 1,802,295 $ 1,533,069 $ 1,565,345 $ 1,770,019 Liabilities: Payable to trustee $ 1,802,295 $ 1,533,349 $ 1,565,625 $ 1,770,019 Total Liabilities $ 1,802,295 $ 1,533,349 $ 1,565,625 $ 1,770,019 CFD 2001 -01 Series B Assets: Cash and investments $ 50,104 $ 65,906 $ 62,991 $ 53,019 Restricted assets: Cash and investments with fiscal agents - 68,119 1,298 66,821 Total Assets $ 50,104 $ 134,025 $ 64,289 $ 119,840 Liabilities: Payable to trustee $ 50,104 $ 134,026 $ 64,290 $ 119,840 Total Liabilities $ 50,104 $ 134,026 $ 64,290 $ 119,840 197 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 Liabilities: Balance - $ Balance $ 711/2013 Additions Deductions 6/30/2014 CFD 2003 -01 Series A $ 7,000 $ - Payable to trustee Assets: 2,296,929 15,925,540 16,211,230 $ Cash and investments $ 831,478 $ 1,016,395 $ 1,270,527 $ 577,346 Receivables: $ 2,011,239 CFD 2003 -01 Series B Taxes 510 754 511 753 Accrued interest 441 344 441 344 Restricted assets: Cash and investments $ 162,645 Cash and investments with fiscal agents 1,464,500 14,907,391 14,939,095 1,432,796 Total Assets $ 2,296,929 $15,924,884 $16,210,574 $ 2,011,239 Liabilities: $ - $ 3,918 $ 3,918 Accounts payable $ - $ 7,000 $ 7,000 $ - Payable to trustee 3,545,368 2,296,929 15,925,540 16,211,230 $ 2,011,239 Total Liabilities $ 2,296,929 $15,932,540 $16,218,230 $ 2,011,239 CFD 2003 -01 Series B Assets: Assets: Cash and investments $ 162,645 $ 221,483 $ 175,481 $ 208,647 Receivables: $ 698,101 $ 1,354,346 Receivables: Accrued interest 60 140 60 140 Restricted assets: 2,977 6,430 2,977 Cash and investments with fiscal agents 6,430 292,979 3,209,467 3,369,968 132,478 Total Assets $ 455,684 $ 3,431,090 $ 3,545,509 $ 341,265 Liabilities: Accounts payable $ - $ 3,918 $ 3,918 $ - Payable to trustee 455,684 3,430,949 3,545,368 341,265 Total Liabilities $ 455,684 $ 3,434,867 $ 3,549,286 $ 341,265 CFD 2000 -03 Rancho Summit Redemption Assets: Cash and investments $ 1,288,035 $ 764,412 $ 698,101 $ 1,354,346 Receivables: Taxes 2,977 6,430 2,977 6,430 Accrued interest 526 2,123 1,420 1,229 Restricted assets: Cash and investments with fiscal agents 13 3,812 3,825 - Total Assets $ 1,291,551 $ 776,777 $ 706,323 $ 1,362,005 Liabilities: Accounts payable $ - $ 3,500 $ 3,500 $ - Payable to trustee 1,291,551 775,548 705,094 1,362,005 Total Liabilities $ 1,291,551 $ 779,048 $ 708,594 $ 1,362,005 198 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 199 Balance Balance 711/2013 Additions Deductions 6/30/2014 CFD 2000 -03 Rancho Summit Reserve Assets: Restricted assets: Cash and investments with fiscal agents $ 665,453 $ - $ 3,805 $ 661,648 Total Assets $ 665,453 $ - $ 3,805 $ 661,648 Liabilities: Payable to trustee $ 665,453 $ 7 $ 3,812 $ 661,648 Total Liabilities $ 665,453 $ 7 $ 3,812 $ 661,648 CFD 2004 -01 Assets: Cash and investments $ 2,617,925 $ 3,170,552 $ 3,998,395 $ 1,790,082 Receivables: Taxes 8,821 54,494 8,821 54,494 Accrued interest 908 3,016 2,442 1,482 Restricted assets: Cash and investments with fiscal agents 2,810,462 41,087,209 42,708,194 1,189,477 Total Assets $ 5,438,116 $44,315,271 $46,717,852 $ 3,035,535 Liabilities: Accounts payable $ 1,700 $ 36,950 $ 38,650 $ - Payable to trustee 5,436,416 42,533,019 44,933,900 3,035,535 Total Liabilities $ 5,438,116 $42,569,969 $44,972,550 $ 3,035,535 CFD 2000 -03 Park Maintenance Assets: Cash and investments $ 771,807 $ 392,544 $ 575,174 $ 589,177 Receivables: Taxes 3,651 3,003 3,651 3,003 Accrued interest 410 619 410 619 Total Assets $ 775,868 $ 396,166 $ 579,235 $ 592,799 Liabilities: Accounts payable $ 7,192 $ 209,262 $ 185,747 $ 30,707 Accrued liabilities 7,688 6,944 7,688 6,944 Payable to trustee 760,988 404,981 610,821 555,148 Total Liabilities $ 775,868 $ 621,187 $ 804,256 $ 592,799 CFD 2006 -01 Assets: Cash and investments $ 592,750 $ 468,661 $ 406,428 $ 654,983 Receivables: Taxes - 16,356 - 16,356 Accrued interest 249 565 249 565 Restricted assets: Cash and investments with fiscal agents 379,650 38 41 379,647 Total Assets $ 972,649 $ 485,620 $ 406,718 $ 1,051,551 Liabilities: Accounts payable $ - $ 3,500 $ 3,500 $ - Payable to trustee 972,649 485,055 406,153 1,051,551 Total Liabilities $ 972,649 $ 488,555 $ 409,653 $ 1,051,551 199 CITY OF RANCHO CUCAMONGA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS YEAR ENDED JUNE 30, 2014 Liabilities: Balance Balance 711/2013 Additions Deductions 6/30/2014 CFD 2006 -02 $ 3,500 $ 3,500 $ Assets: Payable to trustee 512,304 272,902 Cash and investments $ 313,025 $ 272,832 $ 225,330 $ 360,527 Receivables: 512,304 $ 276,402 $ 230,162 Taxes 1,408 - 1,408 - Accrued interest 130 307 130 307 Restricted assets: Cash and investments with fiscal agents 197,741 51 82 197,710 Total Assets $ 512,304 $ 273,190 $ 226,950 $ 558,544 Liabilities: Accounts payable $ - $ 3,500 $ 3,500 $ - Payable to trustee 512,304 272,902 226,662 558,544 Total Liabilities $ 512,304 $ 276,402 $ 230,162 $ 558,544 Employee Deduction Account Assets: Cash and investments $ 57,314 $ 356,062 $ 354,802 $ 58,574 Total Assets $ 57,314 $ 356,062 $ 354,802 $ 58,574 Liabilities: Accounts payable $ 685 $ 4,413 $ 4,283 $ 815 Due to external parties /other agencies 56,629 220,933 219,803 57,759 Total Liabilities $ 57,314 $ 225,346 $ 224,086 $ 58,574 Assessment District 82 -2 Assets: Cash and investments $ 5 $ - $ - $ 5 Total Assets $ 5 $ - $ - $ 5 Liabilities: Payable to trustee $ 5 $ - $ - $ 5 Total Liabilities $ 5 $ - $ - $ 5 Totals - All Agency Funds Assets: Cash and investments $ 23,770,348 $12,394,181 $12,771,127 $ 23,393,402 Receivables: Accounts 109,246 42,693 2,319 149,620 Taxes 86,037 159,532 86,039 159,530 Accrued interest 6,308 18,034 12,965 11,377 Restricted assets: Cash and investments with fiscal agents 9,192,948 60,148,378 61,977,690 7,363,636 Total Assets $ 33,164,887 $72,762,818 $74,850,140 $ 31,077,565 Liabilities: Accounts payable $ 82,793 $ 2,036,247 $ 1,985,954 $ 133,086 Accrued liabilities 29,332 27,827 29,332 27,827 Deposits payable 7,728,445 2,145,694 1,419,511 8,454,628 Payable to trustee 25,267,688 68,867,069 71,730,492 22,404,265 Due to external parties /other agencies 56,629 220,933 219,803 57,759 Total Liabilities $ 33,164,887 $73,297,770 $75,385,092 $ 31,077,565 WIN City of Rancho Cucamonga Comprehensive Annual Financial Report June 30, 2014 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. 201 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 Page(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. 203 -207 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. 208 -212 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. 214 -220 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. 221 -222 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. 223 -225 Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. 202 Q C) Z 0 Q U D U 0 U Z Q LL 0 } U m m (D V m r m LO r O m oD ' M O C m m m V M V (VD O I� W N_ n N O V M 6Vi 10 (D (D O V N (D (O V (O m r N W N M O O M O V m N O m 0 c (D O N V r co W r m m O co M m M r O m (D r N M (D N N cA W N r m N (D V Cl) f� n W r co co (D r M 0 O m(D (D N M CL O I- co N M (D (D O m m 1_ CL O r O m O M O OD N (n m m OD (D l0 M O (D O r N N M n M M M M M r O W N (Or W w w N N '3 N O M N O O M N (ii 6-3 M V m (D (- M (A aVD N co r (p (" W l0 m W M O m M o t- W O m 0 O r (O (D M M V O W o (O M n O I- I l0 O W V M N m Cl) N m m (O O �0 0 (D (M M V ccc o N u) n N N N N O t o O N m t- O M N M Il. m fA EA (V M r I� :A 1 (»II (A 1 e»II (A 1 (s> W W m (O m o (D I- m r m LO r O m oD 1� N W I� O O m C (D M O C W e (D O l0 O (D 0 W N N O N a0 m M N_ n N n C O N O (O O V (O m N (D (O r- V N r N W N M N r M O N M to - N V r co M V r co :a (A 6. fA V3 EA cA M m Or a n n0 M m rM V r M 0 O m(D (D M n m rm r- O CL O O (O I: M W M r M O m m 1_ CL O r O m O M O OD N (n m m OD (D l0 M O (D O r N N M n M M M M M r co E m N (Or W w w N N N Or m E �- (ii 6-3 (A (A (A (A > a) C C (D m (D N W M M M V N m (D V r N_ (D c (D O m 0 O r (O (D M (D V N N N V m M OD M (D l0 O W V N G) N O O M V (D V (M M V ccc c7 O r o N N O N V M r M t o O N M m fA EA b9 EA EA fA } f0 I- N N V (O r to N (D I- m U N_ V V O m M (D O m M V I-- (O (O r m (D O W I- N I� c V (D LL V O I-- N a0 M V O W O (o O N W I- N M r M O (O m r to r (M m V I l M r r m m r ( D N CO Co m 0) C14 c3 (» (» (» <n (n (» oc c m E r M M M W M M V� V O O V V I� M O m V O O N V U mm U .� Mmco m r W (M LLD h moo to r M M N moc r (O W (ri (D >. N O r O N V Lo N N W V V m oo M (O O O N M C C N ,O 'O N M LO O N M (17 W V (O (O O a (si fA E9 fA 69 EA Co @ J co n n N N O M r (D 1- O co O O Z (o N m M (O m M (O co M( O O O N O M V N m m (D LLD ( D N O M N N Co (O m (O m m (O O (D O m N N Il- 1� n m (M V r0 N O r O ,- M V M (O V l0 N W 000 N V N co co W W oo (D N O N O (H ER H3 6D dJ E9 V N O cD O V O V V cD O Lo l0 W 0 N CD (ND O m 0 C _O N M m m co (O M co m co h W V (O N co m m� O m V O O (O CD N N N o r W (D cc c O m m N W V O N co M r V 0 (O co co co M r r Vi EA (ii 62 Hi (A to N N n .�- h mV oc m l N m I-_ N co V M o V V h OD m m (O co m O mN m N N m V o (O M O m V OD M (O m N V (D N W m(VO Il N r r r N O M V co -It I-- (N r N :A 1 (»II (A 1 e»II (A 1 (s> c O _ c O - C 0 0 O N C n C N D tl N N N C m - m m :a m :a a ` CL O c CL aci m y E` y aaci > o E d ` Z m E m > O w w N N 'c , O m w 2' a) N E �- E > m e > C m O > m C N C > a) C C CL 203 m a> } U LL Q Z ° O N o � aci c U 0 V N O - N 16 _ LL N Z Q a o m m 2 LL N J O E CD U O N ' O W (O O r r CA (D M (O (D W ' W O) r I M I LO N r O W co c0 LO LO CO O) N W N (D CA N M W O O V V N LO 00 (fl CD V LO r r LO V W (O 6) W V r N r r N V V M N V r N_ O W W W r r fD N W W r CO r W r O (A r W V LO r O co co O N O N O V r N Cl W O O O W co M r V W O V N W V r (D M r r 0 O r 00 r co r LO O N co LO CD 00 V( r N r r N V M Ln r V o a0 r N V M r N N ao 6) a0 N co V M co r r r co N V W co M O O ' O N —1 col M c0 r V 0000 W ' M co V CA N LO O) O) c0 co N O W W N O M N M r r N M N V O W W M W r O V W V V r CO r ON cO O M M N M r N W r lO O co W V r LO O CD co 6) W N r 6) r M O LO r co co N O r 7 r o r W M V Lo O co C) V W r CO r N O O r r r O N lO W W co co W r r r (fl V LO W W to r M O W m r a) LO V M V V V LO O LO r W m M r N O co O W 6) W O LO r LO r co r co M 6) V N LO CO 00 co N N r r N V N M W w r N O ' CA O Lo W r W co c0 m V A ' CA V O N LO V CO N c0 N r O W Cl N CD r O LO O cl LO W CA W V V co CO r r r r V V _ N O CA V LL7 CO M M W W W Cl! N W O O r M O N O_ r r N W M W CO LO N O N N LO co N M CO N W CA CO W N V p r N O W V O r p r M W M cc Ni r tO O r CO M r M V V O) W V W N r N co r N V r W LO CA W LC) V O O O W Ln N O CO M N W (A O N r CA W r N V V c0 r O W W CA V N N V) r r r W O co c0 CA G4 N. CO CO CD O O r N 1 0 r W ' CA O r O O V r O) Ip r (01 W r a1 O 61 LO V N V N V V W r W M a0 V W m LO M W Ln r 0 CO r N (C W LO LO O r LO LO 00 00 V N M N r N r W W W W N r f` co co O Ln V co O r r N r O O N c0 O m V r r N N r W W W M LO V ID m M O M M V W p M O r r W r 1� W M N W O N N M M CO V W (fl V LO O O N LO r m V W CO N W L W V N M V r W V (O N r W M N O M V CM V N r CA M V r - CO V M LO r c0 6) W I N N W r M N CO N V N N V LO Cf3 V r co V co r co ml LO C) r CO V (D LO CA 0) r V N c0 I c0 co V r LO W O r V N W V V W (O LO W r N CO W N W M O M r M r C W N N N V N W r r W W r r C r O O r M r r co N CO co Ln M V N 0) r M W r cd LO W LO V 00 CA c0 N O V O O W M r O W r N O M p N CO W V V V p N N W W CA V O CA r (0 O) CA r CO r (P 00 In W CO N CO O Cl) W r C V V N V N r CO M W c0 V C (D M LO CA N V W V N (D V r M 0 r 0 co V W LO A m V LO N N N N 0 N N M V Cn 6) O r N r W LO ml ml r W ' Cl) N O N r M V W N V Cl) I r m r CD M V V m CD V N O (O W m G W W r r r r V LO 6) r r W N W O M V W W M M W W W r W M_ O N O CO CO LO O r V O O_ N_ W p 6) V LO N r W O W N- O N N r N W m W O r r W r N CO W r LO co O M co Ln r LO LO N LO CO r cn r r 00 r V r co 6) 6) Cl Ca) V W V V O O M M O r cc r CA N V V O N M N OC r V c 117 N N r N` W N N M co co LO N a) N` N �- r M M W M CD N W N N N r M N M N r V N LO co r 6) (D W CD LO N(D MI LO r N M V LU V O CO M CO N O C'41 N co M co N O W N r N 7 r r W V r W O O r N O W V LO W W CA N W O M st r CO r W CA O r W M V CO M O M V W O W r r O M CO- LO LO o N M L2 CD v o M r` o 0 0 o C 0 0 (o a` M C', o (o W M W W r r COW r p W C W V O r V V M LO co N M V N CO C W M O r W V co W N Ln r O N r N W W r LO W V M LO O LO O O N O CO V N O N O W LO N r M m M r r (M M r Co r M V N N r r M N (A r r N N r r M m r V O r V M c) I r N r M W V LO CO V V N CD N W O r M co d) W M M O W r N r N N M W n V N V O M W m M W V Ln N r M V W M r O co N r M V V W W O W O M V r N N N O N W W CO N V N CA N N LO r C4 M V N M O O h n W V V W O O Lo 6) h 6 W V W n O O M O M LO O LO O o CO r M N N N W co p (C r r LP) N V 6) V W M V cc V O 6) N N a W N r M LP) W (O N N W N V LO N Co O Cr0 V r co M 6) V 00 CW0 N M N r 7 V3, W (6 M LO M LO M r I r I LO V ' O W O r N CO O O N LO LO I co V Ln CA r r V V r M W r r n N r M W N V C W N 6) M LO r W W O O N N W LO M LO r co r m O M M O) O (6 W M M N M O LO (2 M W O W O N m V N N M r W r V O � (O V r O N CA W M r 0 co r CO r co r O LO r CO O N O N p O r r r r r M N N N W r CA CA 0) W N M M W LO V F) M O V M N W O W N W M W V N co O V co r M M w M V W r N N r r N M r V r M r r V v; N M W r M W r r LP) W V C) M W W W N V M V LA W O W O CD 6) V W CO V N M M 127 O W N Q) W (A M r O M N 1I7 O W O d) W r �- N O LO M N LO N LL7 M W W W V N M r CO W r r M V M LO 6) LO w W LO V V 6) r O N O O V O V V N CD r O O M W CO co co M M W r M O W r N 11) W M 1C7 r e- Lo In w W N O V M V N O O CO W O r LO LO co co M p (O OC r O r CO W N V P r M W C; O CO N a0 N N W co N C6 V N CO O W N Lf) M 6) W �- CO N r r N M N W o co r V V �- r co V M CO M r co r V 69 N N a) a) N a x c m N N CL N N X N D a) N Q w O > > N U N y N E E c 2 m CL > O U t1 E O O a y N :� O rn U CL �_ E 7 c Ol N d .>'. C C > Q O O j E 6 N w w 7 7 0 0) U m U ° a a a) E d E E C m .� cn 6 m w c a a a E E 'm o c o 3 W o 0 c > a) ° ° ° O O c °? CL X c7 U LL LL LL U U w 5 m cn 2 K w w ca Y Y O N C C C m > > C E N � E � N C f6 N ` YN a) U 11 O U d O y w a) y N d a) N a) a) C C O N>> 3 E o E c> Z c o d c '> ° �, c c ca a w m w w N T T 0 a E d O N E C l6 °) m m m 'c 'c U c> E o o° is U .N E E O C N N N O 3 a) O O U O Eo d U U U E E c U °) n y w '� ° ° E o) c a a a E E '5) m cc 2 w o) o 'c (D m 2 O E o° c° o o c o a a° w o a o a 2> �c C7 n a a U U w a � N L (n 2 w H o U O U m U a 204 m Q } co N LL Q Z O N o Q o C U 0 U N O - Lb o _ LL N Z Q a o m C @ LL a1 J � O E (n U V Fl M M ' I-- co O V co O co ' O ' ' O O N Ln n O V O N Ln I-- a0 m LO V W O N m O N M m m I-- N r� N O N M V V O O (O N V W a0 Ln n c V O O r co V co m m (O V M O co m M O m N� N r- CO O LO m CO � (O N m CO O o0 V O r N M V m O m M m M m n O r CO N W r l0 W N O (O co O r N r 0 N O O m m V O r V (D O O N m (O r r (O V M a0 M r V r r W m N U aD r O CY) a) U = N T r a) c0 N r r m a) m 7 a) r a) M V r N a1 U E C CL N N X L N (Tj O C d "O 3 O a) U (c N m L -5 N N Q r d O N E 66, a0 M r W ' O O W i` r ' N ' ' O (O O Lo O O r C N N C Co N O V r cc m N W N N 'O O V m V N r M M r m m f0 O" r (O N m m m V V LO M N m O M (fl m O V V oc N m n L lO N O (O N V (6 y m M m O M h m N f� co M O M S U N m d C m m 0 O r LO O N N O M M r (D N m M V N n (O m N 0 0 (O M M W r n O M (O m m V r O r LO N m m r N m cu n E m V r LO LO N N co r V ` N W � r M O V C C y a O C m O m N O ° C m 3 n C C N C LO LO W W o -2� L ` `p N r N r N O co c N > (6 N fL a) O .O N m m O N E O a) C O O r N C `) > .N O m > (6 �' Q 1- co LL 7 O N L r N 'O a, y V3 f� O > N O N C7 m~ (O ' O m N N w LP) LM ' ' ' ' O LM V N O (l- N L M O f� N M m V co V (D m V W m N O m (D N M (O N W V O O a0 M Ln r V m I- Ci V O M N_ r O r 00 W O O LO V Ln 1- (0 W m m V co V LM m N I- LM co O co O N co M CO LM V O O m co M n m M m N ti I� m O N LM N r I� O (D C co O m V co N N O m Cl r W I` V 00 LO r m r N n V N O m V r N N N N r r m O m M ' r n (O ' O r N ' 00 ' ' m M O M V m N m V N O O N r N m M m M N n N n O V m O O N m LO m V O m W O O O N m O O M M O (q co 0 V Lo W N c0 co m LO O (O M W) r I- h (M Co LO In LO O C, M (O Cl cc r m m r m (O n co m tD M r m LO co w n r m V O m r a0 V p m O (O m N M (O N O (O O r LO (O O V V V a0 W LO r N co N N N N M co 613 f� V r V ' m V V ' co m co ' ' ' ' M (O O c0 M M O O C', V Lo O r- W LM cO M r N co O O V O i` V LM LM O W m M r N LO N m 00 M r m m r r N m (- O n M V m O V V r O 00 CO W m W a0 W c0 V M N O N O P, O p n N W m M O m O m V N I� O N M O H O O V m W r 00 r O V V m m m W N r r N m N V M r LO M � I-- to O (D N co O v O m r N N N N N N LO O Vi N m n ' N 00 r ' V 00 V ' ' ' c0 co 00 r c0 m m r O r N V V M cc 00 m m M m m m O (D r M N m m r m aD CO- CO CO 00 r (fl L(i p m m� M N O n ' m V V p (O r N V M I� N (D O W N 00 M N W O N n Ln (O co LO m CO M O r c0 M (D (O � LO m M O r co co N m M cc _m LO LO r LO M O O M M V LO LO N V V N r r M r LO co co co M m LO O r N N O N O N Lo m M W r m r ' m LO ' O CO O ' ' ' ' N r "T V V N V LO c0 V V M m (9 O� M (O O M co co m V 10 W O N W M O I� m m V W M Ln O r 0 m m N m co V M N m O W CO M 1-- O N N V M M N O V m M N LO � LO N N M N N a m m m O N LO V r N m W n (O co O O N N N M N M I.- M m LM m co m M M (O N c0 r m M r N O n O w 0 � r (O O m N r m m N N v� m N M I- ' N O N ' ' ' �O N 1� N O O N N M W O O W N W n V M O m n (D m m m LM N !� O r M r W 0 W M m r LO N V r co M V V m co M Cl! (q N (D N V V n W 7 1- � N W to � V �- N V co O Ln (O (D m (O N M CD C r (O (D r O n LO M t2 O V O V N tD O n n m LM co N r N r (D (h r LO r CD (fl V N r r 0 V r M M N N v I (0 0 r N N v V) m O m n W 1� LO O P- N V M m V co V M to V M n m r O r Ln m O O m N O r LO I` LM N O O m r V f` m O N m Cl) N O O W W a0 O W r O O LO m n N V O M (D O m V Ln O W O h N O r r LO a0 M m n LO O M c0 7 LO O M O O O r co M r N O N V V L'D n O N M O (O W O N O W LO N O r r N m O N r V N m OM) W m n M N LO n N V N m h O OD O- 00 r W V) W M W O m O W N Lo O m m O V � r O7 D ((D D m r.- N N O N O N r (D O O m N Lq V N m V M N M V W LM M r W W r m N r (D N V N M V r tM M V O O O N co co V m N O co O N m co V V M m LM � r h M N LI7 O N M V O O LO CO O V LM V m N (R N m LM N m m m m r M W r M M c0 (O r 0 N (D O O N co I- � OD m M V I,. N m O O r- N N O LM V V Vi N a) N co N N C O C coN W O N a) d C O E N O N W m N U m N CY) a) U = N T C N > N =p O ..0.. C V a) a) a) N 7 a) r a) m �d _ O C (c O U r N a1 U E C CL N N X L N (Tj O C d "O 3 O a) U (c N m L -5 N N Q N N d O N E N y V) E d O O O C N N C C >> N C> X �. N N 'O E C_ C a) N .> .> > ID U U O O U N U X N C lc (D O N E U (6 y .p O N X N (6 O3 .(D. X N U N C >, d C m m 0 E @ X T a> Z. d N m d N C @ O C X N V U C C W N > > > pO. C cu n E N .O+ pOp� (c C Y (D N C m ` N a) '� L O C C y a O C m O O N O ° C C Y E 'E 3 n C C N C ` C a> Mn d E n C a) v N E C a) > o -2� L ` `p N b a) N E N O co c n C N d > (6 N fL a) O .O N (` C 0 O N y co, N C O N E O a) C O O N a) N C `) > .N O m > (6 �' Q 1- co LL 7 O N L O O TC � O�~ N 'O a, y L (` H H 01 > N O N C7 m~ a) C7 ~ m O Uzz� W W H m Q 7 O I- L U' m~ Z C7 U 205 LO O O N (0 O O N O O N co O O N O O O N fc } Q N N Z c c ii O O O LL C O O Cn U N C p ci �p N 0 O u! N = U LL d �! O N 7 N F r O U O C N O 1L f0 J a 0 m � 'O O _ L v N O N M O N V O N N co ' I N n O n N N m 00 O M co (0 r r- c0 fA IfA N O r M !O U, O t0 co O r � M a0 r O � O (9 1 EA O N ' ' ' ' r (O h (f) N r V CO O O r r aD O (D co 0 r r-- O fA (fl co O ' N r (n co O N N I-- r O O O co l0 co N (A I(R co V ' (O N O O o0 O (0 V O N M M r M O (O r (D N co ' I N n O n N N m 00 O M co (0 r r- c0 fA IfA N O r M !O U, O t0 co O r � M a0 r O � O (9 1 EA O N ' ' ' ' r (O h (f) N r V CO O O r r aD O (D co 0 r r-- O fA (fl co O ' N r (n co O N N I-- r O O O co l0 co N (A I(R co V ' h � � (D co co co v r (O O V 27 M (O N N_ V (4 h r (D r 00 00 r- (O O M O C4 co fA EA co 0 N N M N O (O Lo O O co N V O O V (O O V � N (D O O V N V N fl- (A I Uf l m N M M a U7 O N N O 0 r r O V O M O LO O C O M � (D r (O - N V co r (O r EA 16S V (O CD � ' M V (NO N M (00 (D co co co (0 r (O O V 27 M (O N N_ V (4 h r (D r O O cA 1 eA aD W O O n CO (0 r co N V (OD N Lo V N (O 00 (O QNi V r W V r (D N O O (i> I (Al 0) � v (o a m o a m o v m -o c E Z (D m a� E (c CL E c •N c (° r- in °' ca a> N O ac� 7 Z� U Q 0 H c0 N N V ' ' ' ' O O V oc V oc c0 (D O N f� (D (D O r (O (D M O V O V O 00 N_ M V V N r M fA EA LO V O O c(DD (D O (D M (fl V O (D co M (O 00 O O n O r (O v co O V V) _ (f) N O (D V Cl) fA fA I-- OO OD ' ' ' v N G O co N M LO M V (D r a0 a2 V (O O O r O (O Co O V W V O O N r � EA ER M 00 00 V ' ' ' ' Co Cl) O (D (O M r O O r f- (3 M o0 (O Cl) O M O r N V 00 O O N O V V r N M N r N (A (f3 V (D r ' ' ' 00 M N 00 O M V V O O O 00 M O M O to M V h (D O (n O f` O N N _ CO O to ER M O N 00 V r aD t` O V r- O OD V O O O N 00 .- O M (O N l0 O V M LS rffi r r r ff3 00 to N r LO V V N_ M M (1 0 O (D OD M N O OD h M M OD M r O V o V r N V r M (O to (A LO N aV V o r QD N cy) r.- C) M O r f- O N O Cl) 00 r.- W O O O (O N r to M h r r M N O V N r N H3 (A t-- f` O N M (n N V O O M N W OND n (D r O f� O O N M (O M O V N O V N c0 r N H3 fA N M (O to O 00 N O co � O co (n r V O n O N (O c0 to (O n O O O N r O V N O r r N ER fA (n c a n m 0a� c 2 E C O 7 r j E aCa) m ma O > m E o �o c d O mZm�a co aci m � a� c O `m N m m c n E rn cc — ca c Dr- (n U 0 Z w U Q f6 Q F 206 d E CL c E y L I U WD a d m c v a d .m c Z +- U c ca CL d a) > of r E w c E o o c a p> m E o o o o > 0) E O 0 W d O O- N X c m m 0 a) > U V F O X N N N O G> p 'n >�0 �vwU - ooa Q ❑ O N N c c � W 0 O O cc cc > N N N ') N An .0. 3 d (0 � � C 'a 0 O U 0 U (0 N y T d O) 'n O N p E N d L E N U X 'n w m N N L (D U 8. -E O d d d 0. Y c d a a E o E> w C 0 Sc O N N N _ d N o N C C 'p i 0 V) V) -O C w w m> �) m °w E o n E m m m (6 (0 (0 c c (p UI c O W j 7 U N O c ID l4 N V) V) 7 U f6 .L-. N U (D C' C O V E c N L O O N N o u t E E c o 2 °' a°i o x o -E u w E m co ca n o c c c c a s E E 'm E m~ w c a? a? 0 a , d .�. N 7 3 0 0 C y6 'n N t6 N N u O) p O O N :6 C7 a a a U U W .Q d a c c .a u F z a U co O 0 F H � m o U d (L LL w O 207 0 (o 0) 0 N m 0 n V V 0 Lo O N 0 M 0 n 0 O) 0 n r 0 Lo O 0 V N O O d m U (D D_ CC o m X U �p C. N U c ❑ c O V r' n M O O m O N Cl) a0 O O V V V' O m c0 (D c0 r M N V n c0 � n N c0 � M N n O N V m o0 l m cD O c0 N c0 V m n n N N N W oD M m c c cD O O n c V (D O V M a0 r (D CO LL7 m O m c0 c0 N m O — V M r M c0 l0 V O l0 (D (D N c0 c0 O c0 c0 V O (D O N O m N O (D N O cD I,, m n M r O (D N M W (D V n M m V O n 10 : M M n N O N M (D M O CO n N (D V w n M n w ' m O m m n r c0 m n c� O m w N n m O O N O V N_ to n -q O m V n m M V ED V CO O c0 N m m O V Cl O N O V V V O n V M oc n ' ' ' m ' oD ' m m O N O O c0 n V V N m n V N V V O m (O oo N M V m n n (O O O m cn V co n oo co O (0 a0 (0 ( n co V N n OD O O c N O m(D ll') O N M cD m N m n V (0 N cD m V' (O cq M n co Vn O 10 M O oc N N M O O co c0 N , N c0 V co M n N ap c17 o V n M N n n 0 N M 7 N O n M N N V3 (R CD N n O m m co n w O oo � CD w O M c0 V w O V V• n M n N O n O Lo M M M n V N LL7 r cc V N M m V m co oD c0 (o w n n n 0 (D (D (D n c0 N O m m N n c O co m c0 Cl V V ' ' O ' n ' w M n M m M o0 v) c0 V n c0 M c0 co O o0 M w n o0 o0 oo cn O m N w oD O O n N O N m m O m v c 't O N to n n V m (O O O N N m N m V W n O cD cD N m N n oci co O N V co m co " n OD m V N O V N O V ('7 n N h In O V m w cn O m c0 V co N N c0 M n m m N n r M N N O n N N V3 (A V c0 m V V CO co (D ' OD V V n c0 m n O n r- N(D V O c0 O Lo O M m N N In O N co N c0 m c0 m O m m V V w O oD O m N cD N V O n — m W W cc(c(c V N cD O r �_ V n m co co M (D (D V M O o0 co ' (D V N M OD Co (O (D m O V m O OD n M 0 n o0 N m N n N V (D m m m m - N V O m (0 co M O m n O O N OD c0 M m m c0 O w co M V O co co c V O n c0 O oD W N O N cD m V OO n 10 O n o0 00 m o0 V oc c0 m N LO V c0 CO (D W V c0 N V OD w N n N N O M n V N N w n n Z- co N (D n V M M c!D N � c0 `l' co c0 c0 O N M r V3 Vi c0 to V V V V V V ' c0 co m N m V m O m (f) M V' M O (D m N O m m v) V w co m n N O n n V c0 N V M V w (D OD oc m n N c0 m co co V (D n c0 (O cc O m N c0 m n m n n O o0 m M N M ' ' m O ' 0 N n N m co O N V N co O V co N V N co m o0 n (D V OD OD m O O c0 ( c0 c0 n w m O � (D OO n m .- n O * V V O CO N O 10 O (D r) n m V n n (D OD n N OO V M o0 � O V N V O n M n (D O m N M O W N c0 M M (D M c0 N c0 c0 V O n cA N O M (O M c0 N N N N M 7 N M N V (O cD N ID ULo O n O c0 O w ' cD m n m m N (D (D N m N M n (D to O n (D N N W co O c0 (D l0 N c0 V M n N m n n m V m w a0 O n n m .- aD co (D N oo a- w V c0 M M 49 n m o0 M (D n c0 c0 m ' co n c0 co lL O n (D N V c0 (D N c0 m O M n w c0 c0 N N n M c0 c0 (O m O c O N O V co V m co N n w co oo n n m O oo M N V V n 0 N co c0 C Qu- O n 0 (D v v n m N O V c0 (D M M W n o 10 N c0 oD O V V m m w (O O N O N O M n N V N N N V O w N V' N N N O n O w N v N m N z c (» (» O °' S E p c N N (D N O W c0 N M w w M O tf) ' (0 O M V m V m (0 N w OD w w (0 N (O w M O M o0 M m (O n co N V OD O N (0 n 45 N U N m n (O M n n m M (D m (D (D Ni n n c0 c c0 m e n O (D M ' ' ' M m ' L) N N O N m m c0 N M c0 M c0 n V c0 c0 N c0 m 0 CO O m O n a0 c0' n 0 W (,� } O n N Cl n (D c0 c0 CO p co n CO N O �- N N N N M M V n m O n V OD l0 l0 O V O V OO N V c0 O M O co m (D n t0 (D (O O m m fn N N M n n (D N M n c0 n V N n N OD c0 O cD N c0 O O c0 O N o N r N c0 N N N N N N LL @ H U m or n oo N c0 V O co N n (D �- n ' M OD c0 m O c0 m 0 M n OD O n n OD M O c0 M n n N n V CD m m V V c) M N n co V m m N c0 m c0 n lo N n N V n co V m M c0 c N oD c c m O c m V n O (D N ' ' ' oD c0 ' m n j J N O n M N M V n m 0 (D N V n Cl) V N O c0 V O n N V LL O a m n M V O n N m N c0 L m O n M c0 n v c0 O M N c0 m n (D m c0 c m OO o0 m co OD O O fD OD n (O oo m c0 N c0 O m O a0 N m 5 N LO M O V N N m to N cn N O N M N D) � CO LO O M i0 O N r M M M (� EH (A L () N co n n co c0 O O m n M w M N ' m w CD Cl) w O N N M m V (O n M w w O N M M O n O co co N n N o0 c0 V O O c0 V m c0 M (D c0 M -- c0 oD n V OD o0 N m M cq M n O V a0 oc n Oct N c,.) O (D (D N M m o n m M N N M [O m M M m c0 co OO (D n n N M m m N M w M O O M o0 m V co O U9 n O c0 O 0 cp c0 (D M V O N d_ O M n 117 (D (D V M N m c0 M O m N M M � CD (M n c0 w N N (D m c0 N c0 - (O W N V c0 O 0 n N cD M (6 O � N EA H3 c0 m m m M O N ' N c0 M n n V c0 n OD c0 ' N O c0 00 N N w �- V n V to O V m M V O n n c c0 W n N W O V co (p m V (D V co OD OD N n N N Cl) O O m m m V N o0 M ' ' ' O OD ' M � M o0 O c V m O a 10 Cl) n V m n n cc O n c0 N c0 O n c0 n �_ N m n O V N co cD D o0 O O n N m m O c0 m Cl) cD n O CD O M n c0 O_ � N c0 c0 m 0 �- n m V N M V V (O � a0 O N � N M r O OD V N n M N n w V O cn V O (O n N M N OD N �- c- N N M N N M M '-' N H4 H3 d E CL c E y L I U WD a d m c v a d .m c Z +- U c ca CL d a) > of r E w c E o o c a p> m E o o o o > 0) E O 0 W d O O- N X c m m 0 a) > U V F O X N N N O G> p 'n >�0 �vwU - ooa Q ❑ O N N c c � W 0 O O cc cc > N N N ') N An .0. 3 d (0 � � C 'a 0 O U 0 U (0 N y T d O) 'n O N p E N d L E N U X 'n w m N N L (D U 8. -E O d d d 0. Y c d a a E o E> w C 0 Sc O N N N _ d N o N C C 'p i 0 V) V) -O C w w m> �) m °w E o n E m m m (6 (0 (0 c c (p UI c O W j 7 U N O c ID l4 N V) V) 7 U f6 .L-. N U (D C' C O V E c N L O O N N o u t E E c o 2 °' a°i o x o -E u w E m co ca n o c c c c a s E E 'm E m~ w c a? a? 0 a , d .�. N 7 3 0 0 C y6 'n N t6 N N u O) p O O N :6 C7 a a a U U W .Q d a c c .a u F z a U co O 0 F H � m o U d (L LL w O 207 0 (o 0) 0 N m 0 n V V 0 Lo O N 0 M 0 n 0 O) 0 n r 0 Lo O 0 V N O O d m U (D D_ CC o m X U �p C. N U c ❑ c a) 0 O a` d Q 'X6 C7 x Z O ~ o (B N U � a U > o O CU r- m a Z N m .0 0 W w N 0 c co O m --- U m a a) N Q m } (6 U MD U- MM a1 _M _O Lo N O t M r-- M M O (.0 CO LO ° co O V co (O co I` V I— '3 t` V (O O M M LO r CO N M N 0000 M I M O N co M V f� N 00 r N O EA EA LO W CO LO LO O V M (O O O N M m V co g M O M O V co o LO CO LO N O r N O) CO 00 O N O M co N r M N N m N O LOO N Lo O LO LO O � V r r O E9 EA O N V N LC°O O V U') N m CO O M V Ln M d7 r (fl M V 00 M O M 7 00 (D N M r r N t` O fA EA LO � V � (fl M r O� V O O V O) M M V LO o N M 00 O r I� O) M LO LO M N 00 co p O O w V N M lO Ll N O co O co W O (O O t} N M r N r O O fA fA LO O M O (fl W M (fl O) O W co 0 o N M� r O "Zt 0) C O C4 (fl M LO N I-- t` (fl N m V N V� V I� O 'D N L6 m co ON O V N N r O r N ua LO O O m m N I- I- LO V O 00 m LO m I— O ° d' I� CO O M 00 r C aO CO N O O O O� LOO N N t It O O co p p V V LO N N V 69. K3 f� M O CO (fl O M O O W O N N N o M N N M It LO N LO ti M� N _N m N r M V N V LO tO LO O N m O N M V N N N N r m O ER EA N O O O 1- (fl 00 co V LO M O W W N O O I- LO LO O O o O n� LP) M O M a1 O LO 4L M M O LO N 00 't V M- LN 00 L� M O m W N (M N co O N { N N r O EA (A V O N M N CO Q) M CO V M LO O O I� 00 N O) 00 M M o CD � N V O (fl LO (M "t " (M (fl O M M W M (fl M m m M N V V M LO M O O M (M N M t N N r O EA ER V W O N (O O U') h 00 d' O N M 00 M (O LO M O LO co co 0 N N N d) h N V M h LO LO N M N O d' M N V OM N r O N N V M N N r (h N N r O O b3 d3 w @ � m m m C N � C j a U (0 E 3 C C O CO C N o E w Li O� m m c Z v °c Q n E > w m 0 U U W a)) Y H m 208 O H C a a) c O a) m Q X W O Z 0 U L m a � y as ai .O m a) >` o N C m m � O — O m y C "O m U C w O T m O C °n a) C U , a) Q O 2 a) N U N a C E m 2 c o 0 N U O ° - N C U O 0 O m 3 m = o Cc:: (0 -, m C a) 0 E o 2 -ro- ° m m > U a) 4) m m a c n O' rn Co O v_, o a _ m N j N C Fo m Fo N O > T O r _ o. a U Lis O L N N 0 p_ 3 w _T� v a) 0 0 m a o a) - �m N o m as U7 O 0- m O T O 2 N O IL r a n > > U C W O a) O Y rn 'Q n. `O_ L9 a a) a 2 a E m U CL m m X O O c`o 0, a) L o m m c a) U° L 0 m w o 'C U O a) a yLm, E U N o _ o a Q o a a N U a Y wo a) m C `° Y o ° � 3 3 w 3 E ° m M .X 3 m o o > > m a Y N n O 0 o i� m 0 T U O C m E .L? U 7 m 0 U o6 c O OfU a �i 0 N H C E 0 U M O N Lo Lo C C) O m N Q C O U 0 a m a) m m U U 0 O M co m 0 Q Z O Q U U O U Z 9 LL O i u 0) co ry N (6 f (0 T > i 0 O (6 O� } CL U O O N C jl QO c a0 m � � H N O°- J m U N a) i- (0 U LL 0 0 0 0 0 0 0 0 0 O O M CD o oD o rn LO C:) (D LO U') ((D coo O N h O CO L'- LO O Cl) NO CD 0 0 0 0 0 0 0 O N O O r- 0 0 0 0 0 0 O r O O 0 CD O_ O 0 0 O_ OV O 0 0D CD CD O M O O O N ap LO N LO � O LO O O I� N N CO O N co O LO O LO N O O O O O O O O O N O O 0 0 0 0 0 0 0 0 O r O 0 0 0 0 0 0 0 0 0 0 O O LO O I- co I- co I- N O N m r- It O I- LO CO O O) V N I� M O QO O M l0 'D CD O O N N T O (o N O O O O O G O O N O O 0 0 0 0 0 0 0 0 c- O O 0 0 0 0 0 0 0 (:D 0 0 O O 0) tb O 00 O N O) V LO V Cl) I LO N CD O O O M O N LO O O LO O N O O O O O N O O (D O O O N 0 0 0 0 0 0 0 0 c- O O 0 0 0 0 0 0 0 0 0 0 O 'q O O O) O) N CO 00 N LO O co O O O O (O O (O f� *f' Cl) It M LO LO �t O O M N O O N M O O O O O O O O O O N II- O O I- V N - 0 0 0 0 0 0 0 0 O O 0 0 0 0 0 0 0 0 0 0 O fl- O O1- V N 00 LO co I- h O M O O 00 00 N CO co V 00 00 O O co Lf) O N co O LO f� O OD 0) O O O O O D O O M N O "t 0 0 0 0 0 0 0 0 - O - O 0 0 0 0 0 0 0 0 0 0 O 0) O O N LO f- O M LO O N O LO 0) O O) � Cl) Cl) d' r LO co N O V (O O M O M �' O O I- O 0) O O O O O � O O O M N O ct 0 0 0 0 0 0 0 0 - O O 0 0 0 0 0 0 0 0 0 0 O O N O M 00 M V O I- 0) V O O r- LO O LO 00 LO O (fl M 00 r V O V (D � O N V h LO T M O N 00 N O O O O O C) O O M O V O o 0 0 0 0 0 0— o o O O O O Cl O� O� O C0 W M O Cl) OD O� LOO N LO[- O � O O O O O O O O M N - 0 0 0 0 0 0 0 0 - O O 0 0 0 0 0 0 0 0 0 0 N O O_ I-- O LO V V co O � 0 LO p O V h� m LO O N V O r N 0 0 0 0 0 0 0 0 �- 0 0 0 0 a 0 0 C) O O N -O M m m H o ^C a C C 0)-0 O U .0. m 0- T� c m° c aai 0 0 a m � o p EOLa U m Q L d Y p U W L d a' U) U 7 o r E o m a) E� m v oa w d w E E s: c Y O E CL Y a) EwU2�'�2�°? O �_ O 'C D 0 V J N O N a) C N L6 w Q mQUUULLL2ODH U F 209 C m a) a) v E T j a) a C a U 7 X X a C a) U C .co > -p +6 Q O a5 o Q fl. o Q 0 a .X O _T a. O n' W OO a) a) to O co a N O c > >, r C a) z o f c a) 0 U m m c w M O N -O a) w a) o a c: c O. N y E p a c a a) ' _ p p 'n a) >( N L - 3 am a) a R1 o a) N a) a s U o a) X > 7 O O y 0 .L.. O m O w O - > N a) N a) a) o p in m LL N 2) p .0 'c0 - a) E2 -c a5 Z X a) a ,t„ a) M F t co 01 C N C N O O O U C~ O. 7 N co a) w o o 0) m c N w .c � r ' > p L `o > o > c C r 3 aY ) NE o> N a��i O a L N p, j U (a) -O O Q 3 .c, O p C a) O a3 co � U a7 O O a c a) o• O) N a) a) a) c C .L C a) w E O O T o T O 2 a) N co N c E O> O) a O O c a) X ) X p L N U - 4.7 o� c c 0. O p N >, >' a a7 o n1 N 'p C i o a c Q Y a) p 0 0. C) a3 w 2' p 5 a) N E EO O C) c0 F O a fl. .LO• N cu) i y 0 (n n a) O N p EL .a) 0 T O a O O c ) d Ln C E a) to a7 N L C N U c 0c > > 3 c" > a) Cj � Q O O O M =O a O N m n1 � U L.pC T.. p - -T 2 fn �. (a `o 9 a) .N a) O a) a7 O y o U X m T U o a 3 T c co o c Q U N C 2 o n e c o °7 _ c L.. > rn c T N O O O> a m uj >, a) p d= N 't a Ta) - cn p p a U 0 O w co o a a) O (n (D ro o a o E 3 '(v U _ o N £ o o o> ao m a) �ra'mo o oa mOcIf, Qp U N a a) E E j y o i E Of O > E o N o N Q a) N N a) y F c m a� m m Y> c° o t a m a U L > .Q o co w O m n V cn OO U i (a6 'C N co j in w Q= 7 m L () o) y yU+ C to C E a) a) m y c O> o C a) o O O> N> N- o aO a0 w� M w H d (6 d p r M v 2 a) 7 O co co O CITY OF RANCHO CUCAMONGA Principal Property Taxpayers Current Year and Nine Years Ago $ 1,183,987,758 5.86° Source: San Bernardino County Assessor 2004/05 and 2013/14 Combined Tax Rolls and the SBE Non Unitary Tax Roll; HdL, Coren & Cone 210 $ 653,922,851 5.21% 2014 2005 Percent of Percent of Total City Total City Assessed Assessed Assessed Assessed Taxpayer Value Value Value Value Rancho Mall LLC $ 244,753,231 1.21% $ 0.00% Homecoming I at Terra Vista LLC 162,574,439 0.80% 0.00% Catellus /Prologis 144,325,069 0.71% 77,822,614 0.62% T Napf Meritage Ownership LLC 116,029,895 0.57% - 0.00% WNG Rancho Cucamonga 496 LLC 100,872,016 0.50% - 0.00% Frito -Lay North America Inc 90,278,520 0.45% 56,018,726 0.45% Knickerbocker Properties Inc XLVII 83,169,584 0.41% - 0.00% RREEF America Reit II Corporation 82,368,000 0.41% - 0.00% PPF MF 9200 Milliken Ave LP 80,251,804 0.40% 70,418,132 0.56% UDS Rancho Cucamonga LP 79,365,200 0.39% - 0.00% Western Land Properties - 0.00% 121,681,081 0.97% Gruma Corporation Mission Foods - 0.00% 64,515,449 0.51% West Coast Liquidators, Inc. - 0.00% 57,385,188 0.46% Tamco - 0.00% 54,039,814 0.43% Cabot Industrial Properties LP - 0.00% 52,721,489 0.42% LDC Cougar LLC - 0.00% 52,038,558 0.41% Krausz RC Properties One LLC - 0.00% 47,281,800 0.38% $ 1,183,987,758 5.86° Source: San Bernardino County Assessor 2004/05 and 2013/14 Combined Tax Rolls and the SBE Non Unitary Tax Roll; HdL, Coren & Cone 210 $ 653,922,851 5.21% Fiscal Year Ended June 30 CITY OF RANCHO CUCAMONGA Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Taxes Levied Fiscal Year of Levy Collections in for the Percent Subsequent Fiscal Year Amount of Levy Years Total Collections to Date Percent Amount of Levy 2005 $ 54,730,054 $53,435,838 97.64% N/A $53,435,838 97.64% 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% 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 211 2014 Business Name Apple Bass Pro Shops Outdoor World Best Buy Chevron Circle K Circle K Costco Day Creek Arco Day Creek Shell Haven Mobil Home Depot JC Penney Living Spaces Furniture Lowes Macys Monoprice NIC Partners Ralphs Ralphs Ross Sears Target Tesoro Refining & Marketing Walmart Walters Wholesale Electric CITY OF RANCHO CUCAMONGA Principal Sales Tax Remitters Current Year and Nine Years Ago Business Category Electronics /Appliance Stores Sporting Goods /Bike Stores Electronics /Appliance Stores Service Stations Service Stations Service Stations Discount Department Stores Service Stations Service Stations Service Stations Lumber /Building Materials Department Stores Home Furnishings Lumber /Building Materials Department Stores Fulfillment Centers Electrical Equipment Grocery Stores Liquor Grocery Stores Liquor Family Apparel Department Stores Discount Department Stores Service Stations Discount Department Stores Plumbing /Electrical Supplies * Firms listed alphabetically Source: The HdL Companies; State Board of Equalization 212 Business Name Albertsons Ameron International Ameron Steel Pipe Arco AM PM Mini Mart Best Buy Chevron Circuit City Costco Dan Reshaw Mobil Home Depot Huttig JC Penney Living Spaces Furniture Lowes Macys Mervyns Novartis Animal Health Robinsons May Sears Stater Bros Tamco Target Walmart West End Material Supply Wickes 2005 Business Category Grocery Stores Liquor Contractors Contractors Service Stations Electronics /Appliance Stores Service Stations Electronics /Appliance Stores Discount Department Stores Service Stations Lumber /Building Materials Lumber /Building Materials Department Stores Home Furnishings Lumber /Building Materials Department Stores Department Stores Medical /Biotech Department Stores Department Stores Grocery Stores Liquor Heavy Industrial Discount Department Stores Discount Department Stores Lumber /Building Materials Home Furnishings THIS PAGE INTENTIONALLY LEFT BLANK 213 CITY OF RANCHO CUCAMONGA Ratios of Outstanding Debt by Type Last Ten Fiscal Years Fiscal Year Ended June 30 2005 2006 2007 2008 2009 2010 2011 2012 3 2013 3 2014 3 General Obligation Capital Bonds Leases Governmental Activities Tax Allocation Bonds 1 - $ 317,135,000 $ - 311,005,000 - 304,685,000 - 424,060,000 - 413,655,000 - 404,990,000 - 395,920,000 - 2,615,708 2,083,890 NOTES: Details regarding the City's outstanding debt can be found in the notes to the financial statements 1 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 Total Governmental Loans Activities 18,740,549 $ 335,875,549 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 - 2,615,708 - 2,083,890 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. 214 Business -type Activities Utility Total Total Revenue Certificates of Business -type Primary Bonds Participation Activities Government $ - $ - $ - $ 335,875,549 - - - 328,217,452 - - - 327,787,037 - 445,765,050 - 434,409,833 - 424,995,200 - 415,158,811 2,615,708 2,083,890 215 Percentage of Personal Income 2 8.57% 7.58% 6.81% 8.63% 7.91% 8.22% 8.17% 0.00% 0.05% 0.04% Debt Per Capita 2 $ 2,290 2,121 2,026 2,587 2,492 2,420 2,345 15 12 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 2005 $ - $ 317,135 $ 317,135 2.53% 7.86% $ 2,016 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% - 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. 216 CITY OF RANCHO CUCAMONGA Direct and Overlapping Debt June 30, 2014 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 $ 20,217,433,000 2 970,765,152 292,323,281 12.015% 503,145,000 City Percentage Total Share of Applicable' Debt 6/30/14 Debt 24.002% 11,815,666 2,835,996 0.926% $ 132,275,000 1,224,867 24.002% 161,660,905 38,801,850 44.151% 180,830,000 79,838,253 98.745% 14,175,036 13,997,139 97.956% 18,143,515 17,772,662 100.000% 4,550,000 4,550,000 21.530% 12,975,000 2,793,518 68.006% 6,785,000 4,614,207 70.844% 9,505,000 6,733,722 100.000% 15,425,000 15,425,000 100.000% 18,150,000 18,150,000 0.451% 222,064,729 1,001,512 0.118% 86,907,967 102,551 100.000% 85,703,000 85,703,000 100.000% 1,615,000 1,615,000 970,765,152 292,323,281 12.015% 503,145,000 60,452,872 12.015% 489,138,331 58,769,970 12.015% 101,040,000 12,139,956 24.002% 11,815,666 2,835,996 40.454% 9,810,000 3,968,537 0.451% 47,380,000 213,684 100.000% - - 33.187% 3,215,000 1,066,962 1,165, 543, 997 139,447, 977 100.000% 366,010,000 $ 2,502,319,149 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 6/30/14. 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 217 366,010,000 797,781,258 2,083,890 $ 799,865,148 CITY OF RANCHO CUCAMONGA Legal Debt Margin Information Last Ten Fiscal Years 2014 2013 2012 2011 Debt limit $ 758,153,738 $ 735,030,975 ' $ 399,497,598 $ 392,269,488 Total net debt applicable to limit - - - - Legal debt margin $ 758,153,738 $ 735,030,975 $ 399,497,598 $ 392,269,488 Total net debt applicable to the limit as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% Legal Debt Margin Calculation for Fiscal Year 2014: Assessed value Debt limit (3.75% of assessed value) Debt applicable to limit: General obligation bonds Legal debt margin Note: The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981 -82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). Although the statutory debt limit has not been amended by the State since this change, the percentages presented in the above computations have been proportionately modified to 3.75% (25% of 15 %) for the purpose of this calculation in order to be consistent with the computational effect of the debt limit at the time of the State's establishment of the limit. As a result of the dissolution of the Redevelopment Agency on January 31, 2012, total assessed value for the City is no longer reduced by the incremental value of the redevelopment project areas. Source: California Municipal Statistics, The Hdl Companies 218 Fiscal Year 2010 2009 2008 2007 2006 2005 $ 396,560,873 $ 427,275,583 $ 414,196,025 $ 370,340,380 $ 321,072,427 $ 280,523,308 $ 396,560,873 $ 427,275,583 $ 414,196,025 $ 370,340,380 $ 321,072,427 $ 280,523,308 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% $ 20,217,433,000 758,153,738 $ 758,153,738 219 Fiscal Year Ended June 30 2005 2006 2007 2008 2009 2010 2011 2012 2 2013 2 2014 2 CITY OF RANCHO CUCAMONGA Pledged- Revenue Coverage Last Ten Fiscal Years (In Thousands) Tax Tax Allocation Bonds Debt Service Increment' Principal 45,909 $ 3,045 $ 59,003 6,130 71,985 6,320 77,319 6,600 77,581 10,405 77,255 8,665 69,583 9,070 51,609 9,520 n/a n/a n/a n/a Interest 14,397 14,814 14,577 15,600 20,994 20,547 20,122 9,950 n/a n/a Coverage 2.63 2.82 3.44 3.48 2.47 2.64 2.38 2.65 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. 220 CITY OF RANCHO CUCAMONGA Demographic and Economic Statistics Last Ten Calendar Years Sources: (1) California State Department of Finance (2) 2004 -2009 Income Data: ESRI; 2010 and later Income Data: U.S. Census Bureau (3) California Employment Development Department 221 Per Personal Capita Income' Personal Unemployment Calendar Population (in thousands) Income' Rate Year (1) (2) (2) (3) 2004 157,313 4,033,218 25,638 3.7% 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% Sources: (1) California State Department of Finance (2) 2004 -2009 Income Data: ESRI; 2010 and later Income Data: U.S. Census Bureau (3) California Employment Development Department 221 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 'Wa ". Source: ESRI (with Dun & Bradstreet for data) 222 2014 2005 Percent of Percent of Number of Total Number of Total Employer Employees, Rank Income' Employees, Rank Employment Chaffey Community College 1,229 1 1.69% 1,100 1 1.45% Etiwanda School District 1,058 2 1.45% 1,015 2 1.34% Amphastar Pharmaceutical 880 3 1.21% n/a n/a n/a City of Rancho Cucamonga 858 4 1.18% 705 4 0.93% Inland Empire Health Plan (IEHP) 850 5 1.17% n/a n/a n/a Alta Loma School District 623 6 0.86% 920 3 1.22% Central School District 527 7 0.72% 500 7 0.66% Lexxiom, Inc. 360 8 0.49% n/a n/a n/a Law Enforcement/Investigations 358 9 0.49% n/a n/a n/a Tamco Steel 350 10 0.48% n/a n/a n/a Frito -Lay, Inc. n/a n/a n/a 600 5 0.79% C.W. Construction n/a n/a n/a 600 5 0.79% Mission Foods n/a n/a n/a 573 6 0.76% Target n/a n/a n/a 475 8 0.63% Mercury Casualty n/a n/a n/a 437 9 0.58% 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 'Wa ". Source: ESRI (with Dun & Bradstreet for data) 222 (D r- rn ti 00 00 co Lo f— M W �t M LO O Lf) O O N V co f— O 00 CO O M r O O CO N (.C) N N I-- O O N In N _� M LO V OJ N O LO LO m cT r- r r N N co O O N V 00 N N CO cT M co V 00 LO W r r N M 47 O O N f� W r- r- r— 00 O N LO O O O O r r N M O O O N O E V- cu O_ d N U C LL U N 7 O U N Z Q N O N Cj N O m O. Q U) O LU U ° O 0 E C m U N 7 LL I- C4 N N O 00 M CO O r LL U+ C r r N N 00 aco� o m co J 0 .E O V M M co C N> LL U N r N W — O O O N C co r L V '= C -O LO Q7 O M C U M r r O r O N n 00 3 c O O M M N Y .3 N �a (0 O r r r Cl) LO 00 �p 0) N o U rn> N 0 to O W CL 2 E Lp U N C N CO O O CO '- C N U U) > co 4 O) 3 O N O w O U -O — O O O O U O c Q O N C N N �>, '00 N U w '� 0 IM ,�N__ O_ to co > O (D m c c ai c U E E el > :6 O w U O O- H ' CL 3 O .c c7 O O -Q N ~ O O E O LL U a w U U z a °� ou 223 O E V- cu O_ d N U C LL U N 7 O U L6 } U L) N LL a c� z O Q rn i V o � =a O t5 �_ C . _ 0) LL LL Z Q f- d N O J LL O F- 5 rn C 0) E cu L6 O. 0) Z, O O O L6 hi 0 U) r- LO 00 00 r- LO ,;r N LO O "t O LO LO M 00 N C) CD 00 LO r- O LO C14 NM N LO LO N M LO 0) 00 rl V M M N O M N O O LO LO LO Cl) O O N N N 00 f� N 00 i V) N 7 N O � O O O (U C O E w U '� C N O O (4 @ U p 0- E M O O O LO O LO r co N 00 co LO .- > Q .� p (OM 001 MM O (0000) OM r-� L3)� � M 00 M V O n O o N M LO (O V M O O It N LO M O N O�Y N� LO LO N z = N 00 o o -�j >� 'E m Cl) N ti 224 I-- LO O N O V CO V O O O LO O 00 0) 00 O Cl) r-- N It rl- N M N t` 0) M V O ll ti O LO rl M (C O O O M N LO Itt P N - Cl) 00 N f� N LO •- M N Cl) N r- OD O O (.0 O M O N 0) h V) CO It LO h LO N N CO r- d' 00 O LO M O O (O ti V M O (O V O N LO LO M O N '� N 00 'T M 04 N N O 0) N 00 O V 0 0 Cl) Cl) N O O V Lf) M O O M N O M 00 L9 00 O LO CO cc M M N � 00 M � cc V O N N 00 N (O LO N O O N N r M co N O N 00 d' O O (D (O (fl � N O 00 LO �t N 00 (.0 O O LO 0) d1 M (O 00 O � O Cl O O� O N M N M W O N P- N N M 0) N N N N 00 � 1- M LO Cl) N LO r- CO O M (O rl- M Cl) (0 O It O V 00 00 LO h 00 M V V N d' O 0) � N (O V M V CO O N r- N M 00 LO r- Cl) N N N V' N V' O LO O O V' LO LO 00 M N Lf) (0 CO (O Ln LO O (.0 N 00 N 00 N N V' M '*' rl LO N M LO M Cl) O V N M � M (O N N M 00 N M 00 (MO N N r- (0 ti (D 0) r- (D CO LO 0) O c0 � r- r O V � O O N O 00 Cl) M O O CO 00 M V LO (C M M 0) N LO N O O CY) (V N 00 V O O N Cl) O r- MO V (O O CO r-(0 (O LO (D � 00 LO 0) O M r- O Cl) W O M 0) Cl) 00 d' O V V O LO O N O (q 00 LO M M (D N 0) 't LO cy') CY) N N (0 O 0) CO (V Cl) O rn C 0) E cu L6 O. 0) Z, O O O L6 hi 0 U) Ln 70 C O U O tq N N N � -p U .Q to a O O O C 7 N U C C C 3 i V) N 7 C O O O (U C O E w U '� C N O O (4 @ U p 0- E O i O_ Ln O C O Q N U O U O to U 0) -p P V r- > Q .� p p :6 U O O Y 0 U p_ 12 0 0 0 '� 7 O p E rn�� L3)� p 3� ���� n O o ai a) Y E 6- v E Lc E m O�Y .� �mm .L) `m <CL N z = az azzz o o -�j >� 'E m � 224 rn C 0) E cu L6 O. 0) Z, O O O L6 hi 0 U) (D Z O Q U i U (3) _ O LL LL U Q O T a) Q t6 ~ Q U) O J LL U 0 } U LO O O N O O O N O O N 00 O O N O O � O M N a) (6 U � O T O N O N N_ O N M 0 N O N r 00 O d7 LO O (D ti LO It CF) 000 rl- N O r r N O r fl- N 00 N LO LO —0 00 N N LO 00 r Cl) It r r CO CO r CA M 00 N (O LO N N 00 N N LO N r Cl) U5 r r CO CO r r r O 00 (o LO N O O M Cl) LO fl- N M L r r 00 O T LO T r M (O LO LO N r- O 04 Cl) M Ln r r 07 CO r 00 O r CM CO LO LO � O M N C Y) r r 00 CD T 00 O r M O LO L(V � O C14 M M LO r r 00 Il- M LO M r M O LO N 00 M dt LO O N M CO r r 00 fl- M N O r CM CO LO N CO T M It LO N N M r T O fl- It It O T O CO O LO CO N co O N C a) E tf co O_ a) _i U U) O N L O U) C O i a> O in (n (D (B i c U U) O 0 iii C O O Y E .� N_ L (n E C O p co O L _0) Fn O U U A N N _0 O co U (D O N U —U)a I'LL .0 �U)U) Y (a �aQU U O a LL a a 225 N C a) E tf co O_ a) _i U U) O N L O U) THIS PAGE INTENTIONALLY LEFT BLANK 226