OTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE

Transcription

1 OTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE Special Revenue Funds are used to account for proceeds of specific revenue sources other than expendable trust that are legally restricted to expenditures for specific purposes. Traffic Safety Fund - Traffic and court fines are collected in these funds. A transfer from this Fund to the General Fund is made at the end of the fiscal year by council action to be applied toward the eligible expenditures permitted by law. Gas Tax Fund - Portions of the tax rate per gallon levied by the State of California on all gasoline purchases are allocated to cities throughout the State. These funds are restricted to expenditure for transit and street-related purposes. Measure A Fund - In 1988, Riverside County voters approved a half-cent sales tax, known as Measure A, to fund a variety of highway improvements, local street and road maintenance, commuter assistance and specialized transit projects. This fund is used to collect this tax, and pursuant to the provision of Measure A (Ordinance No of the County of Riverside) it is restricted for local street and road expenditures only. Housing Mitigation Fee Fund - This fund is used to account for fees collected from construction of commercial and office buildings for low and moderate income mitigation purposes to be used strictly for projects and programs that benefit the low and moderate income households. Community Development Block Grant Fund - This fund is used to account for the receipts and expenditures of CDBG funds received from the U.S. Department of Housing and Urban Development. New Construction Tax Fund - This fund is used to account for tax collected upon application to the City for a building permit from every person/entity for the construction of any new building, addition or trailer space in the city according to a fee schedule. Its use is restricted for the acquisition and development of public facilities such as parks, playgrounds and public structures. Planned Drainage Fund - This fund is used to account for off-site drainage fees based on an established fee schedule collected prior to approval of the final map in the case of land being subdivided or prior to the issuance of a building permit in the case of construction or improvement of subdivided land. Park and Recreation Facilities Fund - This fund is used to account for fees collected for residential and subdivision developments collected either at the time grading permits are paid or prior to the approval of the final map. Its use is restricted for expenditures related to park development, maintenance and equipment. Traffic Signals Fund - This fund is used to account for fees collected for residential, commercial and industrial developments either at the time grading permits are paid or prior to the approval of the final map. Its use is restricted for expenditures related to the acquisition and maintenance of traffic signals. Recycling Fund - This fund is used to account for resources resulting from lower landfill tipping fees of $8.50 per ton, which took effect in July Due to limited landfill resources, it will be used for the implementation of appropriate long-range plans to be determined by the City Council for municipal solid waste disposal

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3 OTHER GOVERNMENTAL FUNDS - SPECIAL REVENUE (CONTINUED) Public Safety Police Grants Fund - This fund is used to account for grants received from the U.S. Department of Justice under the Local Law Enforcement Block Grants Program for the purpose of purchasing equipment related to public safety. El Paseo Assessment District Fund - This fund is used to collect assessments on all business establishments located within the boundaries set for the El Paseo parking and business improvement area based on a fee schedule established for the various types of businesses. Collections are made in the same manner and at the same time as the City business license fees. Proceeds from all charges are used for the promotion of business activities in the area. Air Quality Management Fund - This fund accounts for receipts from South Coast Air Quality Management District, forty-five percent of which is disbursed to the Coachella Valley Association of Governments. The remaining fifty-five percent are spent for programs that promote the goal of attaining Federal and State air quality standards. City-Wide Business License Fund - This fund accounts for receipts received from the College of the Desert Alumni Association Fair collected from all street fair vendors at $2.00 per day for each space. Fifty percent of the proceeds are spent for city-wide business promotion and the other fifty percent is transferred to the General Fund for partial business licensing cost recovery. Various Landscape and Lighting District Funds - These funds are used to account for expenditures and receipts of property taxes and service fees levied to the property owners in the various landscaping and lighting districts, which were formed to provide landscaping and street lighting maintenance. Individual landscaping and lighting funds are set up for Districts No. 1 through 17. AIPP Maintenance Fund - This fund is used to account for monies set aside to maintain the artwork in the City of Palm Desert. Child Care Program Fund - This fund is used to collect funds from developers for the purpose of providing child care programs. Golf Course Maintenance Fund - This fund is used to offset the cost of capital improvements, equipment purchases, perimeter maintenance, pay off assessments and other nonrecurring costs that will arise as a result of Desert Willow Golf Course Resort. Funding sources for the Golf Course Maintenance Fund are collections from the IROC and Standard Vacation Ownership, Inc. time-share project. Fire Facilities Restoration Fund - This fund is used to collect funds from developers for the purpose of construction, restoration and purchase of equipment for fire stations within the City. Energy Independence Loan Fund -This fund is used to provide funding for the AB811 Energy Loans and collect assessments from those AB811 loans through property tax collections. The assessments collected will be used to service debt issued and to provide additional funding for the AB811 loans. Redevelopment Agency Housing Authority Fund - This fund is used to account for revenues and expenditures related to rental units owned by the Housing Authority

4 COMBINING BALANCE SHEET OTHER SPECIAL REVENUE FUNDS June 30, 2009 Housing Traffic Mitigation Safety Gas Tax Measure A Fee ASSETS: Pooled cash and investments $ - $ 800,227 $ 14,946,789 $ 2,114,589 Receivables: Accounts Interest Loans Prepaid costs Due from other governments 44, ,656 1,345,705 - Advances to other funds Restricted assets: Cash and investments with fiscal agent TOTAL ASSETS $ 44,459 $ 972,883 $ 16,292,494 $ 2,114,589 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable $ - $ 51,625 $ 211,091 $ - Accrued liabilities Due to other funds Unearned revenues - 748,602 26,222 - Deferred revenue ,737 - Deposits payable TOTAL LIABILITIES - 800,227 1,112,050 - FUND BALANCES (DEFICITS): Reserved for: Encumbrances - 748, ,705 - Continuing appropriation ,807,142 - Loans Prepaid costs Advances to other funds Reserve requirement Unreserved: Designated for: Special revenue purposes 44, ,597 2,114,589 Undesignated - (576,019) - - TOTAL FUND BALANCES (DEFICITS) 44, ,656 15,180,444 2,114,589 TOTAL LIABILITIES AND FUND BALANCES $ 44,459 $ 972,883 $ 16,292,494 $ 2,114,

5 Schedule 7 Community New Park and Public Development Construction Planned Recreation Traffic Safety Police Block Grant Tax Drainage Facilities Signals Recycling Grants $ - $ 409,331 $ 5,370,557 $ 2,413,742 $ 750,404 $ 6,014,403 $ , ,214 1,656 17, ,594-13, ,518 35, , $ 87,873 $ 1,063,331 $ 5,383,992 $ 2,572,855 $ 750,404 $ 6,135,125 $ 37,066 $ 67,323 $ - $ 53,342 $ 17,152 $ - $ 61,891 $ 19, ,234-3, , ,689-17,010-13, ,260-66,777 17,152-73,814 24, ,130 59,217 7,316 32,427 9, , ,151,629 1,954, , , ,114 2,158, , ,221 5,913,494 12,933 (209,517) (387) 1,063,331 5,317,215 2,555, ,404 6,061,311 12,933 $ 87,873 $ 1,063,331 $ 5,383,992 $ 2,572,855 $ 750,404 $ 6,135,125 $ 37,066 (Continued)

6 COMBINING BALANCE SHEET OTHER SPECIAL REVENUE FUNDS (CONTINUED) June 30, 2009 Landscape El Paseo Air City Wide and Lighting Assessment Quality Business Districts District Management License Nos ASSETS: Pooled cash and investments $ 35,015 $ 233,852 $ - $ 952,310 Receivables: Accounts - - 1,400 - Interest Loans Prepaid costs Due from other governments - 15,915-11,487 Advances to other funds Restricted assets: Cash and investments with fiscal agent TOTAL ASSETS $ 35,015 $ 249,767 $ 1,400 $ 963,797 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts payable $ 6,780 $ 7,357 $ - $ 41,438 Accrued liabilities Due to other funds Unearned revenues Deferred revenue Deposits payable TOTAL LIABILITIES 6,780 7,357-41,438 FUND BALANCES (DEFICITS): Reserved for: Encumbrances Continuing appropriation - 80, Loans Prepaid costs Advances to other funds Reserve requirement Unreserved: Designated for: Special revenue purposes 28, ,410 1, ,359 Undesignated TOTAL FUND BALANCES (DEFICITS) 28, ,410 1, ,359 TOTAL LIABILITIES AND FUND BALANCES $ 35,015 $ 249,767 $ 1,400 $ 963,

7 Schedule 7 Redevelopment Total Fire Energy Agency Other AIPP Child Care Golf Course Facilities Independence Housing Special Revenue Maintenance Program Maintenance Restoration Loan Authority Funds $ - $ 1,470,942 $ 2,717,964 $ 614,606 $ 1,775,480 $ 2,410,967 $ 43,031,178 14, , , , , ,756,974-2,773, ,716, , ,721,594 2,721,594 $ 14,415 $ 1,470,942 $ 2,717,964 $ 614,606 $ 4,631,313 $ 5,136,666 $ 51,290,956 $ 3,204 $ - $ 15,637 $ - $ - $ 520,109 $ 1,076, ,920 44,154 13, , , , ,859-1,004, , ,053 16,420-15,637-98, ,587 3,338, , ,896 1,909,230-1,470,942 52, ,606-3,178,910 24,850, ,756,974-2,756, , ,285 27, ,552,504-1,775, ,988 18,541,269 (2,005) (787,541) (2,005) 1,470,942 2,702, ,606 4,532,454 4,167,079 47,952,465 $ 14,415 $ 1,470,942 $ 2,717,964 $ 614,606 $ 4,631,313 $ 5,136,666 $ 51,290,

8 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER SPECIAL REVENUE FUNDS For the year ended June 30, 2009 Housing Traffic Mitigation Safety Gas Tax Measure A Fee REVENUES: Taxes $ - $ - $ 1,958,640 $ 95,595 Special assessments collected Intergovernmental revenues - 1,295, ,686 - Rental income Investment earnings 1,710 30, ,388 49,958 Fines and forfeitures 184, Miscellaneous ,000 TOTAL REVENUES 186,503 1,325,266 2,433, ,553 EXPENDITURES: Current: General government Public safety Public works - 379, Capital outlay - - 1,237,512 - TOTAL EXPENDITURES - 379,773 1,237,512 - EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 186, ,493 1,196, ,553 OTHER FINANCING SOURCES (USES): Issuance of bonds Transfers in Transfers out (175,187) (853,927) - - TOTAL OTHER FINANCING SOURCES (USES) (175,187) (853,927) - - NET CHANGE IN FUND BALANCES 11,316 91,566 1,196, ,553 FUND BALANCES - BEGINNING OF YEAR 33,143 81,090 13,984,242 1,939,036 FUND BALANCES (DEFICITS) - END OF YEAR $ 44,459 $ 172,656 $ 15,180,444 $ 2,114,

9 Schedule 8 Community New Park and Public Development Construction Planned Recreation Traffic Safety Police Block Grant Tax Drainage Facilities Signals Recycling Grants $ - $ 361,355 $ 39,270 $ - $ 52,471 $ - $ - 397, , , , ,773 67,847 18, ,899 1,063-16, , , , , , ,960 70, , , , , , , , , , ,441 95,017-32, ,794 4, , ,932 95, , ,686 (46,683) 394,366 (43,289) (463,972) (24,045) (52,604) 1, (150,000) (150,000) (46,683) 394,366 (43,289) (613,972) (24,045) (52,604) 1,800 46, ,965 5,360,504 3,169, ,449 6,113,915 11,133 $ (387) $ 1,063,331 $ 5,317,215 $ 2,555,703 $ 750,404 $ 6,061,311 $ 12, (Continued)

10 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER SPECIAL REVENUE FUNDS (CONTINUED) For the year ended June 30, 2009 Landscape El Paseo Air City Wide and Lighting Assessment Quality Business Districts District Management License Nos REVENUES: Taxes $ - $ - $ 44,800 $ - Special assessments collected 227, ,602 Intergovernmental revenues - 58, Rental income Investment earnings - 5,348 3,960 6,848 Fines and forfeitures Miscellaneous TOTAL REVENUES 227,999 64,328 48, ,450 EXPENDITURES: Current: General government 242,037 39,547 32,200 - Public safety Public works ,007 Capital outlay TOTAL EXPENDITURES 242,037 39,547 32, ,007 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (14,038) 24,781 16, ,443 OTHER FINANCING SOURCES (USES): Issuance of bonds Transfers in ,084 Transfers out - - (216,218) - TOTAL OTHER FINANCING SOURCES (USES) - - (216,218) 61,084 NET CHANGE IN FUND BALANCES (14,038) 24,781 (199,658) 218,527 FUND BALANCES - BEGINNING OF YEAR 42, , , ,832 FUND BALANCES (DEFICITS) - END OF YEAR $ 28,235 $ 242,410 $ 1,400 $ 922,

11 Schedule 8 Redevelopment Total Fire Energy Agency Other AIPP Child Care Golf Course Facilities Independence Housing Special Revenue Maintenance Program Maintenance Restoration Loan Authority Funds $ - $ 180,214 $ - $ 116,585 $ - $ - $ 2,848, , ,132, ,883,360 4,883, ,503 58,457 13,740 17, ,133 1,058, ,793 14, , ,294 1,300,495 14, , , ,325 17,454 5,006,787 13,327,816 76,184 2, , ,669,694 7,540, , ,182, , ,104,882 5,175,568 76,184 2, , ,774,576 14,065,325 (61,211) 210, , ,325 17,454 (3,767,789) (737,509) ,015,000-2,015,000 8, ,500,000 2,852,250 5,421, (1,395,332) 8, ,515,000 2,852,250 6,041,353 (52,860) 210, , ,325 4,532,454 (915,539) 5,303,844 50,855 1,260,759 2,422, ,281-5,082,618 42,648,621 $ (2,005) $ 1,470,942 $ 2,702,327 $ 614,606 $ 4,532,454 $ 4,167,079 $ 47,952,

12 Schedule 9-A SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL TRAFFIC SAFETY For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 33,143 $ 33,143 $ 33,143 $ - Resources (inflows): Investment earnings 5,000 5,000 1,710 (3,290) Fines and forfeitures 220, , ,793 (35,207) Total resources 225, , ,503 (38,497) Charges to appropriations (outflows): Transfers to other funds 225, , ,187 49,813 Total charges to appropriations 225, , ,187 49,813 Excess of resources over (under) charges to appropriations ,316 11,316 Fund balance, June 30 $ 33,143 $ 33,143 $ 44,459 $ 11,

13 Schedule 9-B SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL GAS TAX For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 81,090 $ 81,090 $ 81,090 $ - Resources (inflows): Intergovernmental revenues 995,000 1,323,148 1,295,211 (27,937) Investment earnings 30,000 30,000 30, Total resources 1,025,000 1,353,148 1,325,266 (27,882) Charges to appropriations (outflows): Current: Public works 800,300 1,128, , ,675 Transfers to other funds 1,025,000 1,025, , ,073 Total charges to appropriations 1,825,300 2,153,448 1,233, ,748 Excess of resources over (under) charges to appropriations (800,300) (800,300) 91, ,866 Fund balance, June 30 $ (719,210) $ (719,210) $ 172,656 $ 891,

14 Schedule 9-C SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL HOUSING MITIGATION FEES For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 1,939,036 $ 1,939,036 $ 1,939,036 $ - Resources (inflows): Taxes 240, ,000 95,595 (144,405) Investment earnings 60,000 60,000 49,958 (10,042) Other ,000 30,000 Total resources 300, , ,553 (124,447) Charges to appropriations (outflows): Current: General government 2,300,000 2,330,000-2,330,000 Excess of resources over (under) charges to appropriations (2,000,000) (2,030,000) 175,553 2,205,553 Fund balance, June 30 $ (60,964) $ (90,964) $ 2,114,589 $ 2,205,

15 Schedule 9-D SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL COMMUNITY DEVELOPMENT BLOCK GRANT For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 46,296 $ 46,296 $ 46,296 $ - Resources (inflows): Intergovernmental revenues 490, , ,162 (92,838) Investment earnings 6,500 6, (5,551) Total resources 496, , ,111 (98,389) Charges to appropriations (outflows): Current: General government 511, , , ,761 Total charges to appropriations 511, , , ,761 Excess of resources over (under) charges to appropriations (14,500) (207,055) (46,683) 160,372 Fund balance (deficit), June 30 $ 31,796 $ (160,759) $ (387) $ 160,

16 Schedule 9-E SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL EL PASEO ASSESSMENT DISTRICT For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 42,273 $ 42,273 $ 42,273 $ - Resources (inflows): Special assessments collected 230, , ,999 (2,001) Total resources 230, , ,999 (2,001) Charges to appropriations (outflows): Current: General government 230, , ,037 1,963 Total charges to appropriations 230, , ,037 1,963 Excess of resources over (under) charges to appropriations - (14,000) (14,038) (38) Fund balance, June 30 $ 42,273 $ 28,273 $ 28,235 $ (38)

17 Schedule 9-F SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL CITY WIDE BUSINESS LICENSE For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 201,058 $ 201,058 $ 201,058 $ - Resources (inflows): Taxes 50,000 50,000 44,800 (5,200) Investment earnings 5,000 5,000 3,960 (1,040) Total resources 55,000 55,000 48,760 (6,240) Charges to appropriations (outflows): Current: General government 50,000 75,000 32,200 42,800 Transfers out - 210, ,218 (5,454) Total charges to appropriations 50, , ,418 37,346 Excess of resources over (under) charges to appropriations 5,000 (230,764) (199,658) 31,106 Fund balance, June 30 $ 206,058 $ (29,706) $ 1,400 $ 31,

18 Schedule 9-G SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL LANDSCAPE AND LIGHTING DISTRICTS NOS For the year ended June 30, 2009 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fund balance, July 1 $ 703,832 $ 703,832 $ 703,832 $ - Resources (inflows): Taxes 770, , ,602 (79,270) Investment earnings - - 6,848 6,848 Transfers from other funds 70,000 70,000 61,084 (8,916) Total resources 840, , ,534 (81,338) Charges to appropriations (outflows): Current: Public works 800, , , ,541 Total charges to appropriations 800, , , ,541 Excess of resources over (under) charges to appropriations 39,932 27, , ,203 Fund balance, June 30 $ 743,764 $ 731,156 $ 922,359 $ 191,