OTHER GOVERNMENTAL FUNDS CAPITAL PROJECTS

Transcription

1 OTHER GOVERNMENTAL FUNDS CAPITAL PROJECTS Capital Projects Funds are used to account for the acquisition and construction of major capital facilities, except for those financed by certain Special Revenue and Enterprise funds. Arts in Public Places Fund This fund is used to account for fees collected from residential, commercial and public facilities development except for street and drainage projects. Its use is restricted for acquisition, installation, improvement and maintenance of artwork to be displayed in the City, the administration of the program and community public art education programs. Capital Projects Reserve Fund This fund is used to account for resources and expenditures for capital improvement projects that are related to the acquisition and development of public facilities, infrastructure and equipment. Drainage Facilities Fund This fund is used to account for resources and expenditures for planned capital improvement projects that are under the Master Drainage Plan. Park and Recreational Facilities Fund This fund is used to account for resources and expenditures for capital improvement projects that are related to park development, maintenance and equipment. Signalization Fund This fund is used to account for resources and expenditures for capital improvement projects that are related to the acquisition and maintenance of traffic signals. Buildings Fund This fund is used to account for resources and expenditures for capital improvement projects that are related to the improvement and maintenance of public facilities and structures. Library Fund This fund is used to account for resources and expenditures for capital improvement projects that are related to the purchase of library resources for the Multi-Agency Library. CFD Indian Ridge Fund This fund is used to account for the construction of public improvements from bond proceeds Series A resulting from the creation of this District. Special Assessment District Funds This fund is used to account for the construction of public improvements from proceeds resulting from the creation of various assessment Districts. Assessment District No Sunterrace Assessment District No Merano Assessment District No Bighorn 107

2 OTHER GOVERNMENTAL FUNDS CAPITAL PROJECTS (CONTINUED) Bighorn Series B This fund is used to account for the construction of public improvement from residents proceeds resulting from the creation of this District. Town Center Parking Lot This fund is used to account for resources and expenditures for construction of a two-story parking lot at the Westfield Shopping Center. Silver Spur Ranch Fund This fund is used to account for the construction of public improvements from bond proceeds resulting from the creation of this District. 108

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4 CITY OF PALM DESERT Schedule 11 COMBINING BALANCE SHEET NONMAJOR CAPITAL PROJECT FUNDS JUNE 30, 2003 Arts In Capital Parks and CFD Assessment Public Projects Drainage Recreation Indian District No Places Reserve Facilites Facilities Signalization Buildings Library Ridge Sunterrace Assets: Pooled cash and investments $ 1,760,728 $ 8,329,192 $ 3,418,810 $ 2,196,300 $ 304,686 $ 3,112,797 $ 488,222 $ 446 $ 44,197 Receivables: Accounts - 38, Notes - 130, Interest , Prepaid costs 9, Advances to other funds - 8,951,160-4,765, Restricted assets: Cash and investments with fiscal agents - 4, ,731,751 - Total Assets and Other Debits $ 1,770,726 $ 17,453,227 $ 3,418,810 $ 6,961,300 $ 304,686 $ 3,112,797 $ 488,222 $ 4,735,427 $ 44,222 Liabilities and Fund Balances: Liabilities: Accounts payable $ 28,029 $ 319,117 $ 1,659 $ 7,292 $ - $ - $ 29,051 $ - $ - Accrued liabilities 3, Deposits payable 58, Total Liabilities 89, ,117 1,659 7, , Fund Balances: Reserved: Reserved for encumbrances 6, ,491-17,345 14, Reserved for continuing appropriation - 5,020,524 1,091,039 2,160, , Reserved for prepaid costs and deposits 9, Reserved for notes receivables - 130, Reserved for advances to other funds - 8,951,160-4,765, Unreserved: Designated for capital outlay 1,663,967 2,775,794 2,326,112 10,932 94,294 3,112, ,346 4,735,427 44,222 Total Fund Balances 1,680,748 17,134,110 3,417,151 6,954, ,686 3,112, ,171 4,735,427 44,222 Total Liabilities and Fund Balances $ 1,770,726 $ 17,453,227 $ 3,418,810 $ 6,961,300 $ 304,686 $ 3,112,797 $ 488,222 $ 4,735,427 $ 44, & 111

5 CITY OF PALM DESERT Schedule 11 COMBINING BALANCE SHEET NONMAJOR CAPITAL PROJECT FUNDS JUNE 30, 2003 Total Assessment Assessment Non-Major District No District No Bighorn Town Center Silver Capital Project Merano Bighorn Series B Parking Lot Spur Ranch Funds Assets: Pooled cash and investments $ 315,102 $ - $ - $ 1,979,417 $ 469,344 $ 22,419,241 Receivables: Accounts ,699 Notes ,141 Interest 179 6, ,787 Prepaid costs ,998 Advances to other funds ,826,850-23,543,010 Restricted assets: Cash and investments with fiscal agents - 9,058, ,033,077 15,827,791 Total Assets and Other Debits $ 315,281 $ 9,065,112 $ - $ 11,806,267 $ 2,502,590 $ 61,978,667 Liabilities and Fund Balances: Liabilities: Accounts payable $ - $ - $ - $ 1,424,893 $ - $ 1,810,041 Accrued liabilities ,215 Deposits payable ,734 Total Liabilities ,424,893-1,871,990 Fund Balances: Reserved: Reserved for encumbrances ,184 Reserved for continuing appropriation ,467,946 Reserved for prepaid costs and deposits ,998 Reserved for notes receivables ,141 Reserved for advances to other funds ,826,850-23,543,010 Unreserved: Designated for capital outlay 315,281 9,065, ,524 2,502,590 27,659,398 Total Fund Balances 315,281 9,065,112-10,381,374 2,502,590 60,106,677 Total Liabilities and Fund Balances $ 315,281 $ 9,065,112 $ - $ 11,806,267 $ 2,502,590 $ 61,978, & 113

6 CITY OF PALM DESERT Schedule 12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR CAPITAL PROJECT FUNDS YEAR ENDED JUNE 30, 2003 Arts In Capital Parks and CFD Assessment Public Projects Drainage Recreation Indian District No Places Reserve Facilites Facilities Signalization Buildings Library Ridge Sunterrace Revenues: Special assessments collected $ - $ - $ - $ - $ - $ - $ - $ - $ - Licenses and permits 326, Intergovernmental revenues - 2,554, Use of money and property 32, ,010 64, ,428 5,670 57,940-55, Miscellaneous - 261, Total Revenues 358,800 3,192,350 64, ,428 5,670 57, , Expenditures: Current: General Government 198, , Public Works - 2,668, ,392 69, Capital Outlay 3,380 5,656,899-85, , Debt service: Principal retirement - 250, Total Expenditures 202,011 8,575, , , , Excess (Deficiency) of Revenues Over Expenditures 156,789 (5,382,888) (61,619) (9,976) 5,670 57,940 (220,150) 55, Other Financing Sources (Uses): Transfers in - 6,574, , Transfers out (2,252) Sale of property 2, Total Other Financing Sources (Uses) (25) 6,574, , Net Change in Fund Balances 156,764 1,191,192 (61,619) (9,976) 5,670 57,940 (135,150) 55, Fund Balances, Beginning of Year 1,523,984 15,942,918 3,478,770 6,963, ,016 3,054, ,321 4,679,866 43,661 Fund Balances, End of Year $ 1,680,748 $ 17,134,110 $ 3,417,151 $ 6,954,008 $ 304,686 $ 3,112,797 $ 459,171 $ 4,735,427 $ 44, & 115

7 CITY OF PALM DESERT Schedule 12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR CAPITAL PROJECT FUNDS YEAR ENDED JUNE 30, 2003 Total Assessment Assessment Non-Major District No District No Bighorn Town Center Silver Capital Project Merano Bighorn Series B Parking Lot Spur Ranch Funds Revenues: Special assessments collected $ - $ - $ - $ - $ 505,239 $ 505,239 Licenses and permits ,182 Intergovernmental revenues ,554,025 Use of money and property 3, , , ,398 Miscellaneous ,395 Total Revenues 3, , ,721 4,497,239 Expenditures: Current: General Government , ,549 Public Works ,826,850 37,208 12,728,143 Capital Outlay ,751,341 Debt service: Principal retirement ,000 Total Expenditures ,863,550 37,208 19,179,033 Excess (Deficiency) of Revenues Over Expenditures 3, ,356 - (9,863,550) 469,513 (14,681,794) Other Financing Sources (Uses): Transfers in ,826,850 2,033,077 18,519,007 Transfers out (2,252) Sale of property ,227 Total Other Financing Sources (Uses) ,826,850 2,033,077 18,518,982 Net Change in Fund Balances 3, ,356 - (36,700) 2,502,590 3,837,188 Fund Balances, Beginning of Year 311,282 8,958,756-10,418,074-56,269,489 Fund Balances, End of Year $ 315,281 $ 9,065,112 $ - $ 10,381,374 $ 2,502,590 $ 60,106, & 117

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