HomeMy WebLinkAboutACFR 2021Annual Comprehensive
Fiscal Year Ending June 30, 2021
Financial Report
CITY OF MOORPARK
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INTRODUCTORY SECTION
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CITY OF MOORPARK
ANNUAL COMPREHENSIVE FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2021
DIRECTORY OF CITY OFFICIALS
CITY COUNCIL
Janice Parvin, Mayor
Dr. Antonio Castro, Mayor Pro Tempore David Pollock, Councilmember
Chris Enegren, Councilmember Daniel Groff, Councilmember
CITY MANAGEMENT STAFF
Troy Brown, City Manager
PJ Gagajena, Assistant City Manager
Carlene Saxton, Community Development Director
Jeremy Laurentowski, Parks and Recreation Director
Daniel Kim, City Engineer/Public Works Director
Kambiz Borhani, City Treasurer/Finance Director
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CITY OF MOORPARKORGANIZATION CHARTCity Manager’s OfficeFinance DepartmentParks, Recreation & Community ServicesDepartmentCity Engineer/ Public Works DepartmentCommunity DevelopmentDepartmentParks and RecreationCommissionLibrary BoardArts CommissionCity ManagerHonorable City CouncilPolice Services(Contract)City Attorney (Contract)¾Parks, Recreation & Community Services Administration¾Active Adult Center¾Arts¾Recreation¾Library¾Facilities¾Property Management¾Park Maintenance / Improvement¾Open Space Maintenance¾Moorpark Watershed, Parks, Recreation and Conservation Authority (MWPRCA)¾Lighting and Landscaping Maintenance Assessment District¾Fiscal and Budget Services¾Central Services¾Non-Departmental¾Successor Agency to RDA¾Information Systems¾Emergency Management¾Solid Waste/Recycling¾City Manager¾Public Information andLegislative Affairs¾City Clerk¾Human Resources¾Economic Development¾Community Development Department Administration¾Planning and Zoning¾Building and Safety (Contract)¾Code Compliance¾City Housing¾Successor Housing Agency to the RDA¾Public Works Administration¾Crossing Guard¾Parking Enforcement¾Engineering and Flood Control¾NPDES¾Street Maintenance¾Street Lighting¾Transit¾Animal and Vector ControlPlanningCommissionCitizens of Moorparkix
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Moorpark
California
For its Comprehensive Annual
Financial Report
For the Fiscal Year Ended
June 30, 2020
Executive Director/CEO
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FINANCIAL SECTION
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18
BASIC FINANCIAL STATEMENT
19
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20
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF NET POSITION
JUNE 30, 2021
Governmental
Activities
Assets:
Cash and investments 123,856,631$
Receivables:
Accounts 2,177,819
Notes and loans 6,734,217
Accrued interest 1,088,833
Prepaid costs 7,492
Land held for resale 6,893,496
Net other post-employment benefits asset 660,153
Capital assets, not being depreciated 179,671,997
Capital assets, net of depreciation 77,866,278
Total Assets 398,956,916
Deferred Outflows of Resources:
Deferred outflows related to pensions 2,060,175
Deferred outflows related to other post-employment benefits 106,013
Total Deferred Outflows of Resources 2,166,188
Liabilities:
Accounts payable 2,153,105
Accrued liabilities 188,585
Unearned revenue 3,314,550
Deposits payable 4,607,920
Noncurrent liabilities:
Compensated absences, due within one year 372,843
Compensated absences, due in more than one year 159,633
Net pension liability, due in more than one year 911,336
Total Liabilities 11,707,972
Deferred Inflows of Resources:
Deferred inflows related to pensions 1,941,923
Deferred inflows related to other post-employment benefits 296,727
Total Deferred Inflows of Resources 2,238,650
Net Position:
Invested in capital assets 257,538,275
Restricted:
Public services 44,750,546
Recreation services 12,354,828
Public Safety 46,997
Low and moderate income housing 17,052,769
Unrestricted 55,433,067
Total Net Position 387,176,482$
The notes to financial statements are an integral part of this statement.
21
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22
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2021
Net (Expenses)
Revenues and
Changes in Net
Position
Operating Capital
Charges for Contributions Contributions Governmental
Expenses Services and Grants and Grants Activities
Functions/Programs
Primary Government:
Governmental Activities:
General government 4,025,395$ 635,278$ 190,275$ 2,031,373$ (1,168,469)$
Public safety 8,499,956 571,603 807,973 -(7,120,380)
Public services 6,002,877 1,559,765 4,047,247 -(395,865)
Parks and recreation 9,161,021 4,015,894 --(5,145,127)
Street and roads 4,680,444 29,388 2,985 35,630 (4,612,441)
Total Governmental Activities 32,369,693$ 6,811,928$ 5,048,480$ 2,067,003$ (18,442,282)
General Revenues:
Taxes:
Property taxes, levied for general purpose 11,034,537
Transient occupancy taxes 176,235
Sales taxes 4,575,526
Franchise taxes 1,500,325
Use of money and property 1,240,500
Other 465,811
Total General Revenues 18,992,934
Change in Net Position 550,652
Net Position - Beginning 386,625,830
Net Position - Ending 387,176,482$
Program Revenues
The notes to financial statements are an integral part of this statement.
23
CITY OF MOORPARK, CALIFORNIA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2021
General
Assets:
Cash and investments 5,570,328$ 23,613,550$ 3,015,562$ 79,739$
Receivables:
Accounts 1,024,979 27,534 95,008 93
Notes and loans ---5,233,968
Accrued interest ---803,066
Prepaid costs 6,332 ---
Due from other funds ----
Land held for resale ---6,316,148
Total Assets 6,601,639$ 23,641,084$ 3,110,570$ 12,433,014$
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable 1,017,844$ 844$ 298,936$ 240$
Accrued liabilities 124,012 2,650 15,042 -
Unearned revenues - 100,000 --
Deposits payable 600 --10,000
Due to other funds ----
Total Liabilities 1,142,456 103,494 313,978 10,240
Deferred Inflows of Resources:
Unavailable revenues 2,635 --4,834,309
Total Deferred Inflows of Resources 2,635 --4,834,309
Fund Balances:
Nonspendable:
Prepaid costs 6,332 - --
Restricted:
Public services - 23,537,590 2,796,592 -
Recreation services ----
Public safety ----
Low and moderate income housing ---7,588,465
Committed:
Library services - - --
Emergency contingency reserve 3,950,216 ---
Economic uncertainty 500,000 ---
Assigned:
Capital projects - - --
Unassigned 1,000,000 ---
Total Fund Balances (Deficit)5,456,548 23,537,590 2,796,592 7,588,465
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) 6,601,639$ 23,641,084$ 3,110,570$ 12,433,014$
Special Revenue Funds
Street And
Traffic Safety
Assessment
Districts
Low-Mod
Income
Housing Asset
The notes to financial statements are an integral part of this statement.
24
CITY OF MOORPARK, CALIFORNIA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Prepaid costs
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable:
Prepaid costs
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Emergency contingency reserve
Economic uncertainty
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
Special
Revenue Fund
4,958,694$ 30,574,288$ 2,220,338$ 53,824,132$ 123,856,631$
4,604 31,028 2,589 991,984 2,177,819
--- 1,500,249 6,734,217
--- 285,767 1,088,833
1,160 ---7,492
--- 1,105,885 1,105,885
--- 577,348 6,893,496
4,964,458$ 30,605,316$ 2,222,927$ 58,285,365$ 141,864,373$
351,186$ -$ -$ 484,055$ 2,153,105$
21,314 - - 25,567 188,585
-- 2,060,000 1,154,550 3,314,550
4,593,320 --4,000 4,607,920
--- 1,105,885 1,105,885
4,965,820 - 2,060,000 2,774,057 11,370,045
--- 1,786,016 6,622,960
--- 1,786,016 6,622,960
1,160 ---7,492
--- 17,965,830 44,300,012
--- 12,354,828 12,354,828
---46,997 46,997
--- 3,294,513 10,882,978
--- 1,457,695 1,457,695
----3,950,216
----500,000
- 30,605,316 162,927 19,571,343 50,339,586
(2,522)-- (965,914)31,564
(1,362) 30,605,316 162,927 53,725,292 123,871,368
4,964,458$ 30,605,316$ 2,222,927$ 58,285,365$ 141,864,373$
Capital Projects Funds
Community
Development
Special
Projects
DDA
Settlement
Other
Governmental
Funds
Total
Governmental
Funds
The notes to financial statements are an integral part of this statement.
25
7+,63$*(,17(17,21$//</()7%/$1.
26
CITY OF MOORPARK, CALIFORNIA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
JUNE 30, 2021
Amounts reported for governmental activities in the statement of net position are different because:
Total fund balances - governmental funds 123,871,368$
Capital assets used in governmental activities are not financial resources and,
therefore, are not reported in the funds.257,538,275
Compensated absences are not due and payable in the current period, and
therefore, are not reported in the funds.(532,476)
Governmental funds report all pension contributions as expenditures; however,
in the statement of activities, the excess/deficiency of the total pension liability
over/under the plan fiduciary net position is reported as a net pension (liability)/asset.(911,336)
Pension-related deferred outflows of resources that have not been included as
financial uses in the governmental fund activity are as follows:
Contributions made after the actuarial measurement date 469,589$
Difference between expected and actual experiences 46,964
Net difference between projected and actual earnings on plan investments 27,073
Adjustments due to differences in proportions 786,359
Difference in proportionate share 730,190 2,060,175
Pension-related deferred inflows of resources that have not been included as
financial resources in the governmental fund activity are as follows:
Changes in assumptions (6,500)
Adjustments due to differences in proportions (403,815)
Difference in proportionate share (1,531,608)(1,941,923)
Governmental funds report all other post-employment benefits contributions as
expenditures; however, in the statement of net position, the excess of the plan
fiduciary net position over the total other post-employment benefits liability is
reported as a net other post-employment benefits asset.660,153
Other post-employment benefits-related deferred outflows of resources that have not
been included as financial uses in the governmental fund activity are as follows:
Contributions made after the actuarial measurement date 62,640
Net difference between projected and actual earnings on plan investments 43,373 106,013
Other post-employment-related deferred inflows of resources that have not been
included as financial resources in the governmental fund activity are as follows:
Changes in assumptions (170,662)
Difference between expected and actual experiences (126,065)(296,727)
Revenues reported as unavailable revenue in the governmental funds are recognized
in the statement of activities.6,622,960
Net Position of Governmental Activities 387,176,482$
The notes to financial statements are an integral part of this statement.
27
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
General
Revenues:
Taxes 16,154,369$ -$ -$ -$
Licenses and permits 236,957 - --
Intergovernmental 920,677 - --
Charges for services 1,156,644 33,192 --
Use of money and property 613,615 120,612 6,342 17,620
Fines and forfeitures 89,694 - --
Maintenance assessments - - 3,084,502 -
Miscellaneous 2,421,366 - 40,983 -
Total Revenues 21,593,322 153,804 3,131,827 17,620
Expenditures:
Current:
General government 3,371,246 - -35,252
Public safety 7,440,081 62,353 5,345 -
Public services 831,238 61,067 294,869 8,481
Parks and recreation 2,654,119 - 4,230,605 -
Streets and roads 158,028 - --
Capital outlay 242,818 40,080 20,063 -
Total Expenditures 14,697,530 163,500 4,550,882 43,733
Excess (Deficiency) of Revenues
Over (Under) Expenditures 6,895,792 (9,696) (1,419,055)(26,113)
Other Financing Sources (Uses):
Transfers in - - 1,300,546 -
Transfers out (6,453,687) - --
Total Other Financing Sources (Uses) (6,453,687) - 1,300,546 -
Net Changes in Fund Balances 442,105 (9,696) (118,509)(26,113)
Fund Balances (Deficit) - Beginning 5,014,443 23,547,286 2,915,101 7,614,578
Fund Balances (Deficit) - Ending 5,456,548$ 23,537,590$ 2,796,592$ 7,588,465$
Street And
Traffic Safety
Assessment
Districts
Low-Mod
Income Housing
Asset
Special Revenue Funds
The notes to financial statements are an integral part of this statement.
28
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Licenses and permits
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Maintenance assessments
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Changes in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
Special Revenue
Fund
-$ -$ -$ 1,132,254$ 17,286,623$
461,357 - - -698,314
--- 4,136,317 5,056,994
794,825 -- 1,034,695 3,019,356
(9,745)38,620 3,674 449,762 1,240,500
300 --92,099 182,093
----3,084,502
---34,8352,497,184
1,246,737 38,620 3,674 6,879,962 33,065,566
---141,167 3,547,665
452,031 --230,139 8,189,949
2,080,944 -- 2,245,740 5,522,339
---960,901 7,845,625
--- 2,300,657 2,458,685
---661,759 964,720
2,532,975 -- 6,540,363 28,528,983
(1,286,238)38,620 3,674 339,599 4,536,583
1,286,238 3,960,511 -326 6,547,621
---(93,934)(6,547,621)
1,286,238 3,960,511 -(93,608)-
- 3,999,131 3,674 245,991 4,536,583
(1,362) 26,606,185 159,253 53,479,301 119,334,785
(1,362)$ 30,605,316$ 162,927$ 53,725,292$ 123,871,368$
Other
Governmental
Funds
Total
Governmental
Funds DDA Settlement Special Projects
Community
Development
Capital Projects Funds
The notes to financial statements are an integral part of this statement.
29
CITY OF MOORPARK, CALIFORNIA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2021
Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds 4,536,583$
Governmental funds report capital outlays as expenditures. However, in the
statement of activities, the cost of these assets is allocated over their estimated
useful lives and reported as depreciation expense. This is the amount by which
capital outlays exceeded depreciation expense in the current period.
Capital outlay 964,165$
Loss on disposal of capital assets (27,746)
Depreciation (3,541,955)(2,605,536)
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.10,793
Pension obligation 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.(1,350,618)
Other post-employment benefits obligation 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.104,651
Revenues reported as unavailable revenue in the governmental funds are
recognized in the statement of activities. These are included in the operating
contributions and miscellaneous income in the statement of activities.(145,221)
Change in Net Position of Governmental Activities 550,652$
The notes to financial statements are an integral part of this statement.
30
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2021
Custodial
Funds
Assets:
Cash and cash equivalents 226,523$ 70,561$
Accrued interest receivable 47 -
Investments at fair value:
Money market mututal funds 2,014,154 3,357,373
US Agency securities -888,017
Total Investments 2,014,154 4,245,390
Prepaid costs 138,720 -
Land held for resale 9,905,743 -
Capital assets, not being depreciated 264,543 709,724
Capital assets, net of accumulated depreciation 7,964,963 -
Total Assets 20,514,693 5,025,675
Liabilities:
Accounts payable 5,153 6,493
Accrued interest 155,797 763,052
Bonds payable, due in one year 745,000 1,160,000
Bonds payable, due in more than one year 18,832,600 10,120,000
Total Liabilities 19,738,550 12,049,545
Net Position:
Restricted for individuals, organizations, and other governments 776,143 (7,023,870)
Total Net Position 776,143$ (7,023,870)$
Private-
Purpose Trust
Fund
Successor
Agency
The notes to financial statements are an integral part of this financial statement.31
CITY OF MOORPARK, CALIFORNIA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Additions:
Property Taxes 1,535,003$ -$
Taxes and special assessments collections -4,280,257
Interest and change in fair value of investments 1,119 11
Intergovernmental -57,900
Total Additions 1,536,122 4,338,168
Deductions:
Administrative expenses 195,000 -
Contractual services 7,010 7,533
Interest expense 614,522 763,052
Total Deductions 816,532 770,585
Net Increase in Fiduciary Net Position 719,590 3,567,583
Net Position - Beginning 56,553 -
Restatement of Net Position -(10,591,453)
Net Position - Beginning, as Restated 56,553 (10,591,453)
Net Position - Ending 776,143$ (7,023,870)$
Private-
Purpose Trust
Fund
Successor
Agency
Custodial
Funds
The notes to financial statements are an integral part of this financial statement.32
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72
REQUIRED SUPPLEMENTARY INFORMATION
73
7+,63$*(,17(17,21$//</()7%/$1.
74
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 5,014,443$ 5,014,443$ 5,014,443$ -$
Resources (Inflows):
Taxes 14,202,500 15,019,743 16,154,369 1,134,626
Licenses and permits 305,000 290,000 236,957 (53,043)
Intergovernmental 118,000 118,000 920,677 802,677
Charges for services 1,089,719 904,953 1,156,644 251,691
Use of money and property 842,000 700,910 613,615 (87,295)
Fines and forfeitures 227,000 127,000 89,694 (37,306)
Miscellaneous 2,351,723 2,349,223 2,421,366 72,143
Amounts Available for Appropriation 24,150,385 24,524,272 26,607,765 2,083,493
Charges to Appropriations (Outflows):
General government 3,523,516 3,729,065 3,371,246 357,819
Public safety 8,068,639 7,882,671 7,440,081 442,590
Public services 890,594 1,047,857 831,238 216,619
Parks and recreation 3,081,025 3,160,381 2,654,119 506,262
Streets and roads 206,041 205,141 158,028 47,113
Capital outlay 244,112 521,938 242,818 279,120
Transfers out 3,122,015 2,933,204 6,453,687 (3,520,483)
Total Charges to Appropriations 19,135,942 19,480,257 21,151,217 (1,670,960)
Budgetary Fund Balance, June 30 5,014,443$ 5,044,015$ 5,456,548$ 412,533$
The notes to required supplementary information are an integral part of this schedule.
75
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
STREET AND TRAFFIC SAFETY FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 23,547,286$ 23,547,286$ 23,547,286$ -$
Resources (Inflows):
Charges for services 315,000 315,000 33,192 (281,808)
Use of money and property 427,000 427,000 120,612 (306,388)
Amounts Available for Appropriations 24,289,286 24,289,286 23,701,090 (588,196)
Charges to Appropriations (Outflows):
Public safety 60,668 60,668 62,353 (1,685)
Public services 367,613 377,858 61,067 316,791
Capital outlay 841,719 865,565 40,080 825,485
Total Charges to Appropriations 1,270,000 1,304,091 163,500 1,140,591
Budgetary Fund Balance, June 30 23,019,286$ 22,985,195$ 23,537,590$ 552,395$
The notes to required supplementary information are an integral part of this schedule.
76
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
ASSESSMENT DISTRICTS FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,915,101$ 2,915,101$ 2,915,101$ -$
Resources (Inflows):
Use of money and property 68,100 68,100 6,342 (61,758)
Maintenance Assessment 3,132,766 3,132,766 3,084,502 (48,264)
Miscellaneous 16,500 16,500 40,983 24,483
Transfers in 1,745,979 1,641,103 1,300,546 (340,557)
Amounts Available for Appropriations 7,878,446 7,773,570 7,347,474 (426,096)
Charges to Appropriations (Outflows):
Public safety 10,858 14,356 5,345 9,011
Public services 351,600 317,174 294,869 22,305
Parks and recreation 4,929,651 5,091,472 4,230,605 860,867
Capital outlay 15,000 98,225 20,063 78,162
Total Charges to Appropriations 5,307,109 5,521,227 4,550,882 970,345
Budgetary Fund Balance, June 30 2,571,337$ 2,252,343$ 2,796,592$ 544,249$
The notes to required supplementary information are an integral part of this schedule.
77
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LOW-MOD INCOME HOUSING ASSET FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 7,614,578$ 7,614,578$ 7,614,578$ -$
Resources (Inflows):
Use of money and property 23,000 23,000 17,620 (5,380)
Amounts Available for Appropriations 7,637,578 7,637,578 7,632,198 (5,380)
Charges to Appropriations (Outflows):
General government 31,831 36,518 35,252 1,266
Public services 23,800 48,800 8,481 40,319
Total Charges to Appropriations 55,631 85,318 43,733 41,585
Budgetary Fund Balance, June 30 7,581,947$ 7,552,260$ 7,588,465$ 36,205$
The notes to required supplementary information are an integral part of this schedule.
78
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
COMMUNITY DEVELOPMENT FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Deficit, July 1 (1,362)$ (1,362)$ (1,362)$ -$
Resources (Inflows):
Assessments - 310,000 -(310,000)
Licenses and permits 321,000 321,000 461,357 140,357
Charges for services 687,598 907,598 794,825 (112,773)
Use of money and property 20,000 20,000 (9,745)(29,745)
Fines and forfeitures 1,000 1,000 300 (700)
Transfers in 1,376,036 1,376,036 1,286,238 (89,798)
Amounts Available for Appropriations 2,404,272 2,934,272 2,531,613 (402,659)
Charges to Appropriations (Outflows):
Public safety 363,532 363,685 452,031 (88,346)
Public services 2,042,102 2,687,289 2,080,944 606,345
Total Charges to Appropriations 2,405,634 3,050,974 2,532,975 517,999
Budgetary Fund Balance (Deficit), June 30 (1,362)$ (116,702)$ (1,362)$ 115,340$
The notes to required supplementary information are an integral part of this schedule.
79
CITY OF MOORPARK, CALIFORNIA
MISCELLANEOUS PENSION PLAN
SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
AS OF JUNE 30 FOR THE LAST TEN FISCAL YEARS 1
Proportionate Share Plan's Fiduciary Net
Proportion of the Proportionate of the Net Pension Position as a %
Reporting Date 2 Net Pension Share of Net Liability as a % of of the Total
as of June 30,Liability Pension Liability Covered Payroll Covered Payroll Pension Liability
2021 0.00838%911,336$ 4,356,136$ 20.92%75.10%
2020 0.00074%75,352 4,993,244 1.51%75.26%
2019 3 -0.00542%(522,536)4,851,442 -10.77%75.26%
2018 0.03992%3,959,121 4,806,765 82.37%73.31%
2017 0.03437%2,973,847 5,015,277 59.30%74.06%
2016 0.15930%1,093,178 5,084,665 21.50%78.40%
2015 0.71200%4,430,102 4,861,780 91.12%79.82%
Notes to Schedule of Proportionate Share of the Net Pension Liability (Asset):
Benefit Changes: None
2 The proportionate share of the net pension liability (asset) is measured as of one year behind the reporting date. See Note 8 to financial statements.
Changes of Assumptions: None
1 Historical information is required only for measurement for which GASB 68 is applicable. Fiscal year 2015 was the first year of implementation, therefore
only seven years are shown.
3 For fiscal year 2019 (measurement date 6/30/2018), the City's plan is considered to be superfunded, with a net pension asset.
80
CITY OF MOORPARK, CALIFORNIA
MISCELLANEOUS PENSION PLAN
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS 1
Fiscal Year Actuarially Actual Contribution Contribution
Ending Determined Employer Deficiency Covered as a % of
June 30,Contribution Contribution (Excess)Payroll Covered Payroll
2021 469,589$ 469,589$ -$ 4,786,765$ 9.81%
2020 464,471 464,471 -4,356,136 10.66%
2019 456,461 456,461 -4,993,244 9.14%
2018 819,439 4,819,439 (4,000,000)4,851,442 99.34%
2017 491,496 491,496 -4,806,765 10.23%
2016 457,020 457,020 -5,015,277 9.11%
2015 547,265 4,147,265 (3,600,000)5,084,665 81.56%
Notes to Schedule of Plan Contributions:
Valuation Date: June 30, 2018
Methods and assumptions used to determine contribution rates:
Actuarial cost method: Entry age normal cost method
Amortization method: Level percentage of pay, direct rate smoothing
Remaining amortization period: Differs by employer rate plan but not more than 30 years
Assets valuation method: Fair Value of assets
Inflation: 2.5%
Salary Increases: Varies by Entry Age and Service
Investment rate of return: 7.00% (net of administrative expenses)
Retirement age: 50 and 57 years
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore
only seven years are shown.
Mortality: Derived using CalPERS' membership data for all funds. The post-retirement mortality rates include 15 years of projected on-going mortality
improvement using 90 percent of Scale MP 2016 published by the Society of Actuaries.
81
CITY OF MOORPARK, CALIFORNIA
OTHER POST-EMPLOYMENT BENEFITS PLAN
SCHEDULE OF CHANGES IN THE NET OPEB ASSET AND RELATED RATIOS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2021 2020 2019
Measurement Date 6/30/2020 6/30/2019 6/30/2018
Changes in Total OPEB Liability:
Service cost 52,259$ 61,634$ 59,839$
Interest 112,059 128,924 121,324
Actual vs. expected experience - (166,085)-
Assumption changes (21,558) (199,859)-
Benefit payments (59,234)(70,954)(69,756)
Net change in total OPEB liability 83,526 (246,340) 111,407
Total OPEB liability - beginning of year 1,637,497 1,883,837 1,772,430
Total OPEB liability - end of year (a)1,721,023 1,637,497 1,883,837
Changes in Plan Fiduciary Net Position:
Contributions - employer (2)433 45,000 46,000
Net investment income 83,417 138,621 167,790
Benefit payments (59,234)(70,954)(69,756)
Administrative expenses (1,585)(481)(3,908)
Net change in plan fiduciary net position 23,031 112,186 140,126
Plan fiduciary net position - beginning of year 2,358,145 2,245,959 2,105,833
Plan fiduciary net position - end of year (b)2,381,176 2,358,145 2,245,959
Net OPEB Liability/(Asset) (a) - (b)(660,153)$ (720,648)$ (362,122)$
Plan fiduciary net position as a percentage of the total OPEB liability 138.36% 144.01% 119.22%
Covered-employee payroll 5,400,578$ 5,125,824$ 6,234,093$
Net OPEB asset as a percentage of covered-employee payroll -12.22%-14.06%-5.81%
Notes to Schedule:
(2) Contributions to trust of $0 plus implied subsidy benefits.
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the
first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.
82
CITY OF MOORPARK, CALIFORNIA
OTHER POST-EMPLOYMENT BENEFITS PLAN
SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2021 2020 2019
-$ -$ 41,000$
62,640 433 45,000
(62,640)$ (433)$ (4,000)$
5,018,789$ 5,400,578$ 5,125,824$
1.2%0.0%0.9%
Notes to Schedule:
(2) For 2020, contributions to trust of $0 plus implied subsidy benefits. For 2021, administrative expenses paid outside of trust.
Methods and Assumptions for 2019/20 Actuarially Determined Contribution
Valuation Date
Actuarial Cost Method
Amortization Method
Amortization Period
Asset Valuation Method
Discount Rate
General Inflation
Medical Trend
Mortality
Mortality Improvement Post-retirement mortality projected fully generational with Scale MP-2019.
6.75%
CalPERS 1997-2015 experience study.
June 30, 2019
Entry Age Normal, Level Percentage of Payroll
2.75%
Non-Medicare - 7.25% for 2021, decreasing to an ultimate rate of 4.0% in 2076
Medicare - 6.3% for 2021, decreasing to an ultimate rate of 4.0% in 2076
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first
year of implementation. Future years' information will be displayed up to 10 years as information becomes available.
15-year fixed period for each new base established beginning with FYE 2015 UAL.
Level percent of pay
Investment gains and losses spread over 5-year rolling period.
Actuarially Determined Contribution
Contribution in Relation to the Actuarially Determined Contributions (2)
Contribution Deficiency (Excess)
Covered-employee payroll
Contributions as a percentage of covered-employee payroll
83
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86
SUPPLEMENTARY INFORMATION
87
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments 7,512,818$ 9,138,538$ 1,484,690$ 50,218$
Receivables:
Accounts 22,251 152,772 1,602 518
Notes and loans ----
Accrued interest ----
Due from other funds - 1,075,812 --
Land held for resale ----
Total Assets 7,535,069$ 10,367,122$ 1,486,292$ 50,736$
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable -$ 27,938$ 26,716$ 1,484$
Accrued liabilities - - 1,881 2,255
Unearned revenues - 106,114 --
Deposits payable ----
Due to other funds ----
Total Liabilities - 134,052 28,597 3,739
Deferred Inflows of Resources:
Unavailable revenues ----
Total Deferred Inflows of Resources ----
Fund Balances (Deficit):
Restricted:
Public services - - --
Recreation services 7,535,069 ---
Public safety ---46,997
Low and moderate income housing ----
Committed:
Library services - - 1,457,695 -
Assigned:
Capital projects - 10,233,070 --
Unassigned ----
Total Fund Balances (Deficit)7,535,069 10,233,070 1,457,695 46,997
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)7,535,069$ 10,367,122$ 1,486,292$ 50,736$
Library
Services Traffic Safety
Parks/Public
Facilities Endowment
Special Revenue Funds
88
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances (Deficit):
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(CONTINUED)
2,718,486$ 157,675$ 105,276$ 10,912,803$
3,166 184 123 12,723
1,250,000 -- 250,249
85,482 -- 200,285
---30,073
577,348 ---
4,634,482$ 157,859$ 105,399$ 11,406,133$
2,144$ -$ -$ 2,821$
5,350 - --
-- --
-- -4,000
-30,073 --
7,494 30,073 -6,821
1,335,482 --450,534
1,335,482 --450,534
- 127,786 105,399 10,948,778
-- --
-- --
3,291,506 ---
-- --
-- --
-- --
3,291,506 127,786 105,399 10,948,778
4,634,482$ 157,859$ 105,399$ 11,406,133$
City Affordable
Housing
Tierra
Rejada/Spring
Road A.O.C.
Casey/Gabbert
Road A.O.C.
Los Angeles
A.O.C.
Special Revenue Funds
89
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances (Deficit):
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
17,626$ 1,585,433$ 4,816,510$ 2,782,468$
21 124,403 5,613 3,411
----
----
----
----
17,647$ 1,709,836$ 4,822,123$ 2,785,879$
-$ 62,947$ 1,000$ 29,634$
- 5,282 1,364 3,480
----
----
----
-68,229 2,364 33,114
----
----
17,647 1,641,607 -2,749,758
-- 4,819,759 -
----
---3,007
----
----
----
17,647 1,641,607 4,819,759 2,752,765
17,647$ 1,709,836$ 4,822,123$ 2,785,879$
Fremont Storm
Drain A.O.C.State Gas Tax
Art In Public
Places
State And
Federal
Assistance
Special Revenue Funds
90
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances (Deficit):
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(CONTINUED)
316,091$ 1,168,320$ 1,558,050$ 26,416$
543,670 1,366 91,420 31
----
----
----
----
859,761$ 1,169,686$ 1,649,470$ 26,447$
252,417$ 19,747$ 3,954$ -$
3,635 -2,320 -
- 1,048,436 --
----
----
256,052 1,068,183 6,274 -
----
----
603,709 101,503 1,643,196 26,447
----
----
----
----
----
----
603,709 101,503 1,643,196 26,447
859,761$ 1,169,686$ 1,649,470$ 26,447$
Local
Transportation
Transit
Prop 1B Local
Streets And
Roads Solid Waste
Walnut
Canyon Traffic
Noise
Special Revenue Funds
91
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances (Deficit):
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
109,770$ 661,031$ 3,598,337$ 2,854,712$
128 771 4,226 3,328
----
----
----
----
109,898$ 661,802$ 3,602,563$ 2,858,040$
-$ -$ 41,285$ 4,032$
----
----
----
1,075,812 ---
1,075,812 -41,285 4,032
----
----
----
----
----
----
----
- 661,802 3,561,278 2,854,008
(965,914)---
(965,914) 661,802 3,561,278 2,854,008
109,898$ 661,802$ 3,602,563$ 2,858,040$
Capital
Projects
City Hall
Building
Equipment
Replacement
Police
Facilities Fee
Capital Projects Funds
92
CITY OF MOORPARK, CALIFORNIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2021
Assets:
Cash and investments
Receivables:
Accounts
Notes and loans
Accrued interest
Due from other funds
Land held for resale
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Total Liabilities
Deferred Inflows of Resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances (Deficit):
Restricted:
Public services
Recreation services
Public safety
Low and moderate income housing
Committed:
Library services
Assigned:
Capital projects
Unassigned
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
Total
Governmental
Funds
2,103,260$ 145,604$ 53,824,132$
2,454 17,803 991,984
-- 1,500,249
-- 285,767
-- 1,105,885
-- 577,348
2,105,714$ 163,407$ 58,285,365$
-$ 7,936$ 484,055$
--25,567
--1,154,550
--4,000
--1,105,885
-7,9362,774,057
--1,786,016
--1,786,016
--17,965,830
-- 12,354,828
--46,997
--3,294,513
--1,457,695
2,105,714 155,471 19,571,343
--(965,914)
2,105,714 155,471 53,725,292
2,105,714$ 163,407$ 58,285,365$
Remain MRA
Bond
Proceeds
PEG Capital
Fund Project
Capital Projects Funds
93
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes -$ -$ 1,052,304$-$
Intergovernmental ----
Charges for services 133,285 237,507 372 -
Use of money and property 29,767 122,079 6,721 (295)
Fines and forfeitures ---92,099
Miscellaneous --7,839 -
Total Revenues 163,052 359,586 1,067,236 91,804
Expenditures:
Current:
General government ---11,795
Public safety ---98,646
Public services - 508,678 --
Parks and recreation 17,680 - 873,531 -
Streets and roads ----
Capital outlay 6,128 3,125 --
Total Expenditures 23,808 511,803 873,531 110,441
Excess (Deficiency) of Revenues
Over (Under) Expenditures 139,244 (152,217) 193,705 (18,637)
Other Financing Sources (Uses):
Transfers in ---43
Transfers out ----
Total Other Financing Sources (Uses)---43
Net Change in Fund Balances 139,244 (152,217) 193,705 (18,594)
Fund Balances (Deficit) - Beginning 7,395,825 10,385,287 1,263,990 65,591
Fund Balances (Deficit) - Ending 7,535,069$10,233,070$1,457,695$46,997$
Endowment
Library
Services
Special Revenue Funds
Parks/Public
Facilities Traffic Safety
94
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
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 (Deficit) - Beginning
Fund Balances (Deficit) - Ending
(CONTINUED)
-$ -$ -$ -$
-- --
11,748 151,467 --
111,793 4,202 174 61,067
-- --
-- --
123,541 155,669 174 61,067
-- --
20,051 ---
319,600 --7,756
-- --
-- --
-- -128,354
339,651 -- 136,110
(216,110) 155,669 174 (75,043)
-- --
-- --
-- --
(216,110) 155,669 174 (75,043)
3,507,616 (27,883) 105,225 11,023,821
3,291,506$127,786$105,399$10,948,778$
City Affordable
Housing
Tierra
Rejada/Spring
Road A.O.C.
Casey/Gabbert
Road A.O.C.
Los Angeles
A.O.C.
Special Revenue Funds
95
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
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 (Deficit) - Beginning
Fund Balances (Deficit) - Ending
-$ -$ -$ -$
- 1,545,419 -878,857
-- 117,695 -
30 (2,304)9,471 8,390
----
-4,319 --
30 1,547,434 127,166 887,247
----
---111,442
----
--58,486 -
- 1,611,474 -686,183
---92,607
- 1,611,474 58,486 890,232
30 (64,040) 68,680 (2,985)
-22 --
- (93,934)--
- (93,912)--
30 (157,952) 68,680 (2,985)
17,617 1,799,559 4,751,079 2,755,750
17,647$ 1,641,607$ 4,819,759$ 2,752,765$
Fremont Storm
Drain A.O.C.State Gas Tax
Art In Public
Places
State And
Federal
Assistance
Special Revenue Funds
96
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
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 (Deficit) - Beginning
Fund Balances (Deficit) - Ending
(CONTINUED)
-$ -$ -$ -$
1,662,178 35,630 14,233 -
73 - 278,825 -
2,940 1,609 80,201 44
----
--192 -
1,665,191 37,239 373,451 44
----
----
1,168,529 - 241,177 -
--11,204 -
-3,000 --
162,843 32,630 --
1,331,372 35,630 252,381 -
333,819 1,609 121,070 44
261 ---
----
261 ---
334,080 1,609 121,070 44
269,629 99,894 1,522,126 26,403
603,709$ 101,503$ 1,643,196$ 26,447$
Local
Transportation
Transit
Prop 1B Local
Streets And
Roads Solid Waste
Walnut Canyon
Traffic Noise
Special Revenue Funds
97
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
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 (Deficit) - Beginning
Fund Balances (Deficit) - Ending
-$ -$ -$ -$
----
103,723 ---
2,768 1,095 2,150 1,916
----
---22,485
106,491 1,095 2,150 24,401
---114,220
----
----
----
----
-- 214,617 20,165
-- 214,617 134,385
106,491 1,095 (212,467)(109,984)
----
----
----
106,491 1,095 (212,467)(109,984)
(1,072,405) 660,707 3,773,745 2,963,992
(965,914)$ 661,802$ 3,561,278$ 2,854,008$
Police
Facilities Fee
Capital
Projects
City Hall
Building
Equipment
Replacement
Capital Projects Funds
98
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Revenues:
Taxes
Intergovernmental
Charges for services
Use of money and property
Fines and forfeitures
Miscellaneous
Total Revenues
Expenditures:
Current:
General government
Public safety
Public services
Parks and recreation
Streets and roads
Capital outlay
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 (Deficit) - Beginning
Fund Balances (Deficit) - Ending
Total
Governmental
Funds
-$ 79,950$1,132,254$
--4,136,317
--1,034,695
3,482 2,462 449,762
--92,099
--34,835
3,482 82,412 6,879,962
-15,152 141,167
--230,139
--2,245,740
--960,901
--2,300,657
1,290 -661,759
1,290 15,152 6,540,363
2,192 67,260 339,599
--326
--(93,934)
-- (93,608)
2,192 67,260 245,991
2,103,522 88,211 53,479,301
2,105,714$155,471$53,725,292$
Remain MRA
Bond
Proceeds
PEG Capital
Fund Project
Capital Projects Funds
99
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PARKS/PUBLIC FACILITIES FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 7,395,825$ 7,395,825$ 7,395,825$ -$
Resources (Inflows):
Charges for services 207,000 207,000 133,285 (73,715)
Use of money and property 131,500 131,500 29,767 (101,733)
Amounts Available for Appropriations 7,734,325 7,734,325 7,558,877 (175,448)
Charges to Appropriations (Outflows):
Parks and recreation 55,300 79,925 17,680 62,245
Capital outlay 215,000 351,510 6,128 345,382
Total Charges to Appropriations 270,300 431,435 23,808 407,627
Budgetary Fund Balance, June 30 7,464,025$ 7,302,890$ 7,535,069$ 232,179$
100
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
ENDOWMENT FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 10,385,287$ 10,385,287$ 10,385,287$ -$
Resources (Inflows):
Charges for services 680,000 680,000 237,507 (442,493)
Use of money and property 364,000 352,000 122,079 (229,921)
Amounts Available for Appropriations 11,429,287 11,417,287 10,744,873 (672,414)
Charges to Appropriations (Outflows):
Public services 40,000 1,295,459 508,678 786,781
Parks and recreation -23,278 -23,278
Capital outlay 565,000 772,510 3,125 769,385
Total Charges to Appropriations 605,000 2,091,247 511,803 1,579,444
Budgetary Fund Balance, June 30 10,824,287$ 9,326,040$ 10,233,070$ 907,030$
101
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LIBRARY SERVICES FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,263,990$ 1,263,990$ 1,263,990$ -$
Resources (Inflows):
Taxes 1,025,000 1,025,000 1,052,304 27,304
Charges for services 4,000 4,000 372 (3,628)
Use of money and property 32,000 32,000 6,721 (25,279)
Fines and forfeitures 15,000 15,000 -(15,000)
Miscellaneous --7,839 7,839
Amounts Available for Appropriations 2,339,990 2,339,990 2,331,226 (8,764)
Charges to Appropriations (Outflows):
Parks and recreation 1,075,045 1,092,092 873,531 218,561
Total Charges to Appropriations 1,075,045 1,092,092 873,531 218,561
Budgetary Fund Balance, June 30 1,264,945$ 1,247,898$ 1,457,695$ 209,797$
102
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
TRAFFIC SAFETY FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 65,591$ 65,591$ 65,591$ -$
Resources (Inflows):
Use of money and property 5,000 5,000 (295)(5,295)
Fines and forfeitures 168,000 168,000 92,099 (75,901)
Transfers in --43 43
Amounts Available for Appropriations 238,591 238,591 157,438 (81,153)
Charges to Appropriations (Outflows):
General government 20,400 20,400 11,795 8,605
Public safety 106,988 104,788 98,646 6,142
Total Charges to Appropriations 127,388 125,188 110,441 14,747
Budgetary Fund Balance, June 30 111,203$ 113,403$ 46,997$ (66,406)$
103
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CITY AFFORDABLE HOUSING FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,507,616$ 3,507,616$ 3,507,616$ -$
Resources (Inflows):
Charges for services 10,000 10,000 11,748 1,748
Use of money and property 56,000 56,000 111,793 55,793
Amounts Available for Appropriations 3,573,616 3,573,616 3,631,157 57,541
Charges to Appropriations (Outflows):
Public safety 27,520 30,730 20,051 10,679
Public services 444,455 474,131 319,600 154,531
Capital outlay 400,000 400,000 -400,000
Total Charges to Appropriations 871,975 904,861 339,651 565,210
Budgetary Fund Balance, June 30 2,701,641$ 2,668,755$ 3,291,506$ 622,751$
104
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CASEY/GABBERT ROAD A.O.C. FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 105,225$ 105,225$ 105,225$ -$
Resources (Inflows):
Use of money and property 1,000 1,000 174 (826)
Amounts Available for Appropriations 106,225 106,225 105,399 (826)
Budgetary Fund Balance, June 30 106,225$ 106,225$ 105,399$ (826)$
105
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LOS ANGELES A.O.C. FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 11,023,821$ 11,023,821$ 11,023,821$ -$
Resources (Inflows):
Charges for services 500,000 500,000 -(500,000)
Use of money and property 273,000 273,000 61,067 (211,933)
Amounts Available for Appropriations 11,796,821 11,796,821 11,084,888 (711,933)
Charges to Appropriations (Outflows):
Public services 18,113 18,113 7,756 10,357
Capital outlay 10,958,952 10,941,596 128,354 10,813,242
Total Charges to Appropriations 10,977,065 10,959,709 136,110 10,823,599
Budgetary Fund Balance, June 30 819,756$ 837,112$ 10,948,778$ 10,111,666$
106
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
FREMONT STORM DRAIN A.O.C. FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 17,617$ 17,617$ 17,617$ -$
Resources (Inflows):
Use of money and property 1,000 1,000 30 (970)
Amounts Available for Appropriations 18,617 18,617 17,647 (970)
Budgetary Fund Balance, June 30 18,617$ 18,617$ 17,647$ (970)$
107
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
STATE GAS TAX FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,799,559$ 1,799,559$ 1,799,559$ -$
Resources (Inflows):
Intergovernmental 1,468,000 1,528,313 1,545,419 17,106
Use of money and property 15,500 15,500 (2,304)(17,804)
Miscellaneous --4,319 4,319
Transfers in --22 22
Amounts Available for Appropriations 3,283,059 3,343,372 3,347,015 3,643
Charges to Appropriations (Outflows):
Streets and roads 2,109,786 2,101,503 1,611,474 490,029
Capital outlay -21,912 -21,912
Transfers out -93,934 93,934 -
Total Charges to Appropriations 2,109,786 2,217,349 1,705,408 511,941
Budgetary Fund Balance, June 30 1,173,273$ 1,126,023$ 1,641,607$ 515,584$
108
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
ART IN PUBLIC PLACES FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,751,079$ 4,751,079$ 4,751,079$ -$
Resources (Inflows):
Charges for services 675,000 675,000 117,695 (557,305)
Use of money and property 90,000 90,000 9,471 (80,529)
Amounts Available for Appropriations 5,516,079 5,516,079 4,878,245 (637,834)
Charges to Appropriations (Outflows):
Parks and recreation 59,105 71,955 58,486 13,469
Capital outlay 200,000 200,000 -200,000
Total Charges to Appropriations 259,105 271,955 58,486 213,469
Budgetary Fund Balance, June 30 5,256,974$ 5,244,124$ 4,819,759$ (424,365)$
109
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
STATE AND FEDERAL ASSISTANCE FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,755,750$ 2,755,750$ 2,755,750$ -$
Resources (Inflows):
Intergovernmental 2,915,987 2,915,987 878,857 (2,037,130)
Use of money and property 14,000 14,000 8,390 (5,610)
Miscellaneous 10,000 10,000 -(10,000)
Amounts Available for Appropriations 5,695,737 5,695,737 3,642,997 (2,052,740)
Charges to Appropriations (Outflows):
Public safety 100,000 100,000 111,442 (11,442)
Streets and roads 979,484 982,484 686,183 296,301
Capital outlay 3,640,751 4,193,873 92,607 4,101,266
Total Charges to Appropriations 4,720,235 5,276,357 890,232 4,386,125
Budgetary Fund Balance, June 30 975,502$ 419,380$ 2,752,765$ 2,333,385$
110
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
LOCAL TRANSPORTATION TRANSIT FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 269,629$ 269,629$ 269,629$ -$
Resources (Inflows):
Intergovernmental 1,186,741 1,745,168 1,662,178 (82,990)
Charges for services 66,000 32,000 73 (31,927)
Use of money and property 2,000 2,000 2,940 940
Transfers in --261 261
Amounts Available for Appropriations 1,524,370 2,048,797 1,935,081 (113,716)
Charges to Appropriations (Outflows):
Public services 1,373,880 1,382,128 1,168,529 213,599
Capital outlay 145,804 297,018 162,843 134,175
Total Charges to Appropriations 1,519,684 1,679,146 1,331,372 347,774
Budgetary Fund Balance, June 30 4,686$ 369,651$ 603,709$ 234,058$
111
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PROP 1B LOCAL STREETS AND ROADS FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 99,894$ 99,894$ 99,894$ -$
Resources (Inflows):
Intergovernmental 1,084,066 1,084,066 35,630 (1,048,436)
Use of money and property 10,000 10,000 1,609 (8,391)
Amounts Available for Appropriations 1,193,960 1,193,960 137,133 (1,056,827)
Charges to Appropriations (Outflows):
Public works 3,000 3,000 3,000 -
Capital outlay 1,130,695 1,130,695 32,630 1,098,065
Total Charges to Appropriations 1,133,695 1,133,695 35,630 1,098,065
Budgetary Fund Balance, June 30 60,265$ 60,265$ 101,503$ 41,238$
112
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
SOLID WASTE FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,522,126$ 1,522,126$ 1,522,126$ -$
Resources (Inflows):
Intergovernmental 20,000 5,000 14,233 9,233
Charges for services 395,000 395,000 278,825 (116,175)
Use of money and property 50,000 50,000 80,201 30,201
Miscellaneous 200 200 192 (8)
Amounts Available for Appropriations 1,987,326 1,972,326 1,895,577 (76,749)
Charges to Appropriations (Outflows):
Public services 343,141 389,971 241,177 148,794
Parks and recreation 13,000 13,000 11,204 1,796
Capital outlay 8,500 8,500 -8,500
Total Charges to Appropriations 364,641 411,471 252,381 159,090
Budgetary Fund Balance, June 30 1,622,685$ 1,560,855$ 1,643,196$ 82,341$
113
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
POLICE FACILITIES FEE FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund (Deficit), July 1 (1,072,405)$ (1,072,405)$ (1,072,405)$ -$
Resources (Inflows):
Charges for services 220,000 220,000 103,723 (116,277)
Use of money and property --2,768 2,768
Amounts Available for Appropriations (852,405) (852,405) (965,914)(113,509)
Budgetary Fund (Deficit), June 30 (852,405)$ (852,405)$ (965,914)$ (113,509)$
114
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CAPITAL PROJECTS FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 660,707$ 660,707$ 660,707$ -$
Resources (Inflows):
Use of money and property 10,000 10,000 1,095 (8,905)
Amounts Available for Appropriations 670,707 670,707 661,802 (8,905)
Budgetary Fund Balance, June 30 670,707$ 670,707$ 661,802$ (8,905)$
115
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
CITY HALL BUILDING FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,773,745$ 3,773,745$ 3,773,745$ -$
Resources (Inflows):
Use of money and property 55,000 55,000 2,150 (52,850)
Amounts Available for Appropriations 3,828,745 3,828,745 3,775,895 (52,850)
Charges to Appropriations (Outflows):
Capital outlay 1,425,940 3,140,727 214,617 2,926,110
Total Charges to Appropriations 1,425,940 3,140,727 214,617 2,926,110
Budgetary Fund Balance, June 30 2,402,805$ 688,018$ 3,561,278$ 2,873,260$
116
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
EQUIPMENT REPLACEMENT FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,963,992$ 2,963,992$ 2,963,992$ -$
Resources (Inflows):
Use of money and property 30,000 30,000 1,916 (28,084)
Miscellaneous --22,485 22,485
Amounts Available for Appropriations 2,993,992 2,993,992 2,988,393 (5,599)
Charges to Appropriations (Outflows):
General government 121,550 121,550 114,220 7,330
Parks and recreation 5,000 8,137 -8,137
Capital outlay 434,000 457,000 20,165 436,835
Total Charges to Appropriations 560,550 586,687 134,385 452,302
Budgetary Fund Balance, June 30 2,433,442$ 2,407,305$ 2,854,008$ 446,703$
117
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
REMAIN MRA BOND PROCEEDS
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,103,522$ 2,103,522$ 2,103,522$ -$
Resources (Inflows):
Use of money and property --3,482 3,482
Amounts Available for Appropriation 2,103,522 2,103,522 2,107,004 3,482
Charges to Appropriation (Outflow):
Capital outlay 2,023,324 2,023,324 1,290 2,022,034
Total Charges to Appropriations 2,023,324 2,023,324 1,290 2,022,034
Budgetary Fund Balance, June 30 80,198$ 80,198$ 2,105,714$ 2,025,516$
118
CITY OF MOORPARK, CALIFORNIA
BUDGETARY COMPARISON SCHEDULE
PEG CAPITAL FUND
FOR THE YEAR ENDED JUNE 30, 2021
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 88,211$ 88,211$ 88,211$ -$
Resources (Inflows):
Taxes 78,800 78,800 79,950 1,150
Use of money and property --2,462 2,462
Amounts Available for Appropriation 167,011 167,011 170,623 3,612
Charges to Appropriations (Outflows):
General government 15,000 15,000 15,152 (152)
Total Charges to Appropriations 15,000 15,000 15,152 (152)
Budgetary Fund Balance, June 30 152,011$ 152,011$ 155,471$ 3,460$
119
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF FIDUCIARY NET POSITION
CUSTODIAL FUNDS
JUNE 30, 2021
Assets:
Cash and cash equivalents 67,455$ 3,106$ 70,561$
Investments at fair value:
Money market mututal funds - 3,357,373 3,357,373
US Agency securities -888,017 888,017
Total Investments - 4,245,390 4,245,390
Capital assets, not being depreciated 709,724 -709,724
Total Assets 777,179 4,248,496 5,025,675
Liabilities:
Accounts payable 6,493 -6,493
Accrued interest -763,052763,052
Bonds payable, due in one year - 1,160,000 1,160,000
Bonds payable, due in more than one year - 10,120,000 10,120,000
Total Liabilities 6,493 12,043,052 12,049,545
Net Position:
Restricted for individuals, organizations, and other governments 770,686 (7,794,556)(7,023,870)
Total Net Position 770,686$ (7,794,556)$ (7,023,870)$
Total
Assessment
Districts
Moorpark
Watershed,
Parks,
Recreation, And
Conservation
Authority
120
CITY OF MOORPARK, CALIFORNIA
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
CUSTODIAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
Additions:
Taxes and special assessments collections -$ 4,280,257$ 4,280,257$
Interest and change in fair value of investments 11 -11
Intergovernmental 57,900 -57,900
Total Additions 57,911 4,280,257 4,338,168
Deductions:
Contractual services 7,533 -7,533
Interest expense -763,052763,052
Total Deductions 7,533 763,052 770,585
Net Increase in Fiduciary Net Position 50,378 3,517,205 3,567,583
Net Position - Beginning ---
Restatement of Net Position 720,308 (11,311,761)(10,591,453)
Net Position - Beginning, as Restated 720,308 (11,311,761)(10,591,453)
Net Position - Ending 770,686$ (7,794,556)$ (7,023,870)$
Total
Moorpark
Watershed,
Parks,
Recreation, And
Conservation
Authority
Assessment
Districts
121
7+,63$*(,17(17,21$//</()7%/$1.
122
STATISTICAL SECTION
123
7+,63$*(,17(17,21$//</()7%/$1.
124
This part of the City of Moorpark ACFR presents detailed information regarding five
categories: financial trends, revenue capacity, debt capacity, demographic and
economic information, and operating information. These tables are presented as a
context for understanding the City's overall financial health.
Contents Page
Financial Trends 126
These tables contain trend information over multiple years in
order to better help the reader understand how the City's
financial performance has changed over time.
Revenue Capacity 134
These tables contain information regarding the City's largest
own-source revenue, property tax.
Debt Capacity 139
These tables present information regarding the City's current
debt requirements and the City's financial ability to issue
additional debt in the future.
Demographic and Economic Information 145
These tables present demographic and economic indicators
that provide the reader a better understanding of the
environment within which the City's activities take place
and allow for comparison between cities.
Operating Information 147
These tables provide information regarding the City's
operations and resources in order to help the reader gain
knowledge about how the City's financial statistics relate to
the services the City provides.
Statistical Section
125
2012 2013 2014 2015 2016
Governmental activities:
Net Investment in Capital Assets 139,795,930$ 262,271,564$ 259,798,991$ 260,051,061$ 259,824,449$
Restricted 87,274,980 82,125,331 86,007,374 89,502,603 94,421,242
Unrestricted 7,909,301 10,042,168 15,521,233 22,642,705 23,579,979
Total governmental activities net position 234,980,211$ 354,439,063$ 361,327,598$ 372,196,369$ 377,825,670$
The City of Moorpark does not have any business-type activities.
Fiscal Year
(Accrual basis of accounting)
Last Ten Fiscal Years
Net Position by Component
CITY OF MOORPARK
126
2017 2018 2019 2020 2021
Governmental activities:
Net Investment in Capital Assets 265,474,327$ 262,137,083$ 259,942,720$ 260,143,811$ 257,538,275$
Restricted 91,919,782 66,958,288 71,335,867 74,141,650 74,205,140
Unrestricted 23,886,449 55,570,929 53,057,670 52,340,369 55,433,067
Total governmental activities net position 381,280,558$ 384,666,300$ 384,336,257$ 386,625,830$ 387,176,482$
Fiscal Year
CITY OF MOORPARK
Net Position by Component
Last Ten Fiscal Years
(Accrual basis of accounting)
127
2012 2013 2014 2015 2016
Expenditures:
General government 2,217,953$4,149,965$2,163,246$1,212,685$795,671$
Public safety 6,158,455 6,550,936 6,882,753 7,024,242 7,614,298
Public services 11,124,523 9,948,865 11,779,873 11,558,575 12,162,933
Parks and recreation 5,704,208 5,755,528 6,032,005 5,614,080 7,117,157
Streets and Roads ---
Interest on long-term debt 354,412 ----
Total governmental activities expenses 25,559,551 26,405,294 26,857,877 25,409,582 27,690,059
Program revenues:
Charges for services:
General government 407,883 587,915 1,474,249 1,463,859 685,537
Public safety 445,642 809,257 2,657,332 3,325,404 1,970,207
Public services 1,988,453 4,154,598 7,815,032 10,471,498 5,026,698
Parks and recreation 858,333 973,761 1,913,045 3,119,649 2,378,698
Streets and Roads -----
Total charges for services 3,700,311 6,525,531 13,859,658 18,380,410 10,061,140
Operating contributions and grants 3,702,582 3,533,608 4,364,461 4,049,606 3,943,429
Capital contributions and grants 2,106,706 1,879,634 2,010,143 4,636,843 2,014,302
Total governmental activities
program revenues 9,509,599 11,938,773 20,234,262 27,066,859 16,018,871
Net program revenues (expenses)(16,049,952)(14,466,521)(6,623,615)1,657,277 (11,671,188)
General revenues and other changes in net assets:
Taxes:
Property tax 6,943,275 6,776,729 6,841,765 7,638,300 7,923,937
Property tax, Redevelopment Agency 3,389,064 ----
Transient occupancy taxes -----
Franchise tax 1,231,741 1,222,956 1,222,759 1,284,268 1,276,932
Sales tax 2,622,419 2,730,871 2,695,884 2,749,320 3,316,402
Sales tax in lieu 857,217 875,160 1,089,362 896,527 730,083
Motor vehicle in lieu 18,590 19,262 15,942 15,399 14,415
Investment income 1,206,622 142,222 1,153,683 1,116,545 2,447,983
Contributed Capital 663,818 - - - -
Other 245,235 299,730 492,755 687,525 1,592,693
356,845 ----
Total governmental activities 17,534,826 12,066,930 13,512,150 14,387,884 17,302,445
Changes in net position -
governmental activities 1,484,874$(2,399,591)$6,888,535$16,045,161$5,631,257$
Extraordinary item - Gain on
Dissolution of RDA
CITY OF MOORPARK
Statement of Activities (Condensed)
Last Ten Fiscal Years
(Accrual basis of accounting)
Fiscal Year
128
2017 2018 2019 2020 2021
Expenditures:
General government 3,301,931$ 1,980,131$ 3,878,000$ 2,183,910$4,025,395$
Public safety 9,225,826 10,870,950 9,327,889 9,122,565 8,499,956
Public services 9,613,028 4,771,248 4,714,035 5,957,380 6,002,877
Parks and recreation 6,764,333 8,845,066 8,300,859 8,948,370 9,161,021
Streets and Roads 274,257 4,556,851 6,477,208 3,340,421 4,680,444
Interest on long-term debt 23,347 21,385 ---
Total governmental activities expenses 29,202,722 31,045,631 32,697,991 29,552,646 32,369,693
Program revenues:
Charges for services:
General government 960,934 1,144,176 634,694 691,952 635,278
Public safety 2,623,885 954,599 400,544 468,675 571,603
Public services 6,499,441 2,292,214 1,882,043 1,312,533 1,559,765
Parks and recreation 3,810,319 3,908,952 3,404,486 3,529,892 4,015,894
Streets and Roads -1,014,544 117,707 12,301 29,388
Total charges for services 13,894,579 9,314,485 6,439,474 6,015,353 6,811,928
Operating contributions and grants 2,209,535 3,463,350 3,708,488 4,034,116 5,048,480
Capital contributions and grants 1,243,383 1,946,022 100,006 -2,067,003
Total governmental activities
program revenues 17,347,497 14,723,857 10,247,968 10,049,469 13,927,411
Net program revenues (expenses)(11,855,225)(16,321,774)(22,450,023)(19,503,177)(18,442,282)
General revenues and other changes in net assets:
Taxes:
Property tax 9,332,969 9,545,738 10,168,691 10,318,021 11,034,537
Property tax, Redevelopment Agency -----
Transient occupancy taxes ----176,235
Franchise tax 1,559,634 1,249,789 1,281,901 1,556,500 1,500,325
Sales tax 3,854,408 4,291,309 4,336,676 4,040,141 4,575,526
Sales tax in lieu - - - - -
Motor vehicle in lieu - - - - -
Investment income 347,582 997,189 5,257,540 5,412,223 1,240,500
Contributed Capital - - - - -
Other 215,621 401,083 1,075,172 360,564 465,811
-----
Total governmental activities 15,310,214 16,485,108 22,119,980 21,687,449 18,992,934
Changes in net position -
governmental activities 3,454,989$163,334$(330,043)$2,184,272$550,652$
Extraordinary item - Gain on
Dissolution of RDA
CITY OF MOORPARK
Statement of Activities (Condensed)
Last Ten Fiscal Years
(Accrual basis of accounting)
Fiscal Year
129
2012 2013 2014 2015 2016
General fund:
Nonspendable 1,275,022$ 635,176$ 635,899$660,077$ 154,863$
Emergency contingency reserve - - - - -
Economic uncertainty - - - - -
Unassigned 2,999,000 3,000,000 3,000,000 2,999,941 2,865,439
Total general fund 4,274,022$3,635,176$3,635,899$3,660,018$3,020,302$
All other governmental funds:
Fund Balances:
Nonspendable 3,055,064$ 10,478,901$ 10,253,789$ 10,363,316$ 9,017,847$
Restricted 55,945,095 44,067,428 49,389,385 54,572,775 57,941,616
Committed 783,281 742,546 698,395 711,399 736,185
Assigned 30,892,276 33,084,456 36,190,577 42,221,565 47,613,826
Unassigned (2,047,164)(2,026,212)(1,825,187)(1,604,570)(1,503,658)
Total all other governmental funds 88,628,552$86,347,119$94,706,959$106,264,485$113,805,816$
CITY OF MOORPARK
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
Fiscal Year
130
2017 2018 2019 2020 2021
General fund:
Nonspendable 158,857$70,741$335,920$54,015$ 6,332$
Emergency contingency reserve - 3,429,259 3,675,000 3,827,188 3,950,216
Economic uncertainty ---- 500,000
Unassigned 3,011,336 999,726 831,117 1,133,240 1,000,000
Total general fund 3,170,193$4,499,726$4,842,037$5,014,443$5,456,548$
All other governmental funds:
Fund Balances:
Nonspendable 158,857$5,711$ -$ 360$ 1,160$
Restricted 61,977,366 61,173,545 64,611,317 67,417,100 67,584,815
Committed 847,588 888,556 1,027,756 1,263,990 1,457,695
Assigned 50,386,413 49,480,362 46,686,676 46,740,902 50,339,586
Unassigned 1,797,897 (1,158,870)(1,106,538)(1,102,010)(968,436)
Total all other governmental funds 115,168,121$110,389,304$111,219,211$114,320,342$118,414,820$
Fiscal Year
CITY OF MOORPARK
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
131
2012 2013 2014 2015 2016
Revenues:
Taxes 16,147,175$12,662,488$12,931,981$13,688,319$14,417,009$
Licenses and permits 561,530 498,102 1,279,619 1,249,964 1,109,136
Fines and forfeitures 446,426 420,555 425,844 384,288 471,684
Uses of money and property 1,381,235 482,129 1,533,697 1,512,399 2,968,575
Charges for services 3,559,454 5,170,238 10,785,334 15,951,226 8,121,521
Intergovernmental 1,627,462 2,503,734 3,257,823 5,246,632 3,584,007
Maintenance assessments 2,114,957 1,893,699 2,159,121 2,487,047 2,737,711
Other 1,345,246 167,784 438,612 445,197 1,443,805
Total revenues 27,183,485 23,798,729 32,812,031 40,965,072 34,853,448
Expenditures:
Current:
General government 890,396 2,125,004 1,746,028 2,495,775 1,423,174
Public safety 6,467,065 6,306,906 6,643,550 6,789,765 6,999,561
Public services 8,321,090 7,391,632 9,126,851 10,468,227 9,254,464
Parks and recreation 5,038,957 5,086,773 5,360,424 5,732,314 6,089,350
Streets and Roads -----
Capital outlay 4,679,053 5,144,756 1,574,615 3,892,870 4,163,202
Debt service:
Principal 590,122 - - --
Interest 688,825 --4,476 22,082
Total expenditures 26,675,508 26,055,071 24,451,468 29,383,427 27,951,833
Excess of revenues over
expenditures 507,977 (2,256,342)8,360,563 11,581,645 6,901,615
Other financing sources (uses):
Transfers in 4,739,189 3,262,665 4,718,044 7,365,629 6,115,233
Transfers out (4,739,189)(3,262,665)(4,718,044)(7,365,629)(6,115,233)
Total other financing
sources (uses) -----
Extraordinary Item (19,553,234)----
Net change in fund balances (19,045,257)$(2,256,342)$8,360,563$11,581,645$6,901,615$
Debt service as a percentage of
noncapital expenditures 6.2% 0.0% 0.0% 0.0% 0.1%
Fiscal Year
CITY OF MOORPARK
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
132
2017 2018 2019 2020 2021
Revenues:
Taxes 14,816,810$15,086,944$15,787,268$15,914,662$17,286,623$
Licenses and permits 1,258,680 921,448 496,322 567,019 698,314
Fines and forfeitures 493,607 448,822 379,836 290,458 182,093
Uses of money and property 763,001 997,189 5,257,540 5,412,223 1,240,500
Charges for services 8,519,922 5,677,086 2,766,456 2,167,662 3,019,356
Intergovernmental 2,765,226 3,478,963 3,711,525 4,037,692 5,056,994
Maintenance assessments 3,015,980 2,453,264 2,453,623 2,999,658 3,084,502
Other 774,632 4,245,928 2,999,531 2,390,465 2,497,184
Total revenues 32,407,858 33,309,644 33,852,101 33,779,839 33,065,566
Expenditures
Current:
General government 2,863,214 5,248,464 3,818,450 3,687,416 3,547,665
Public safety 8,496,995 8,924,343 8,396,009 8,817,965 8,189,949
Public services 6,852,118 5,526,289 4,536,265 5,410,277 5,522,339
Parks and recreation 5,711,596 9,348,196 7,845,819 7,678,142 7,845,625
Streets and Roads 259,546 3,647,853 4,382,822 1,302,518 2,458,685
Capital outlay 9,859,039 894,814 3,682,721 3,715,285 964,720
Debt service:
Principal - - - --
Interest 23,347 -17,797 --
Total expenditures 34,065,855 33,589,959 32,679,883 30,611,603 28,528,983
Excess of revenues over
expenditures (1,657,997)(280,315)1,172,218 3,168,236 4,536,583
Other financing sources (uses):
Transfers in 3,961,767 6,919,757 8,078,411 6,143,388 6,547,621
Transfers out (3,961,767)(6,919,757)(8,078,411)(6,143,388)(6,547,621)
Total other financing
sources (uses) -----
Extraordinary Item -----
Net change in fund balances (1,657,997)$(280,315)$1,172,218$3,168,236$4,536,583$
Debt service as a percentage of
noncapital expenditures 0.1% 0.0% 0.1% 0.0% 0.0%
Fiscal Year
CITY OF MOORPARK
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
133
Fiscal Year Taxable Taxable Total
Ended Less: Assessed Less: Assessed Direct Tax
June 30 Secured Unsecured Exemptions Value Secured Unsecured Exemptions Value Rate
2012 4,662,536,870 118,452,976 46,220,250 4,734,769,596 829,750,375 76,258,253 4,422,902 901,585,726 0.210%
2013 4,596,277,650 115,888,876 45,786,243 4,666,380,283 867,853,781 70,454,127 4,491,843 933,816,065 0.218%
2014 4,718,569,672 119,712,860 45,054,167 4,793,228,365 878,368,970 70,500,448 4,423,367 944,446,051 0.095%
2015 5,042,223,024 123,500,500 45,844,355 5,119,879,169 909,850,372 74,847,964 7,970,727 976,727,609 0.095%
2016 5,333,705,999 122,090,764 73,812,980 5,381,983,783 1,040,390,804 73,089,277 34,190,142 1,079,289,939 0.094%
2017 5,654,428,902 115,219,381 76,811,398 5,692,836,885 1,042,974,399 63,588,301 35,131,954 1,071,430,746 0.094%
2018 5,917,959,303 111,655,537 79,489,965 5,950,124,875 1,063,872,300 60,597,760 35,953,063 1,088,516,997 0.094%
2019 6,217,467,935 120,389,266 80,850,244 6,257,006,957 1,106,609,875 61,404,595 36,304,783 1,131,709,687 0.094%
2020 6,456,855,389 128,549,885 81,698,017 6,503,707,257 1,148,557,959 63,713,319 36,916,795 1,175,354,483 0.094%
2021 6,568,841,578 131,087,687 94,694,332 6,605,234,933 1,105,547,952 65,488,950 47,422,995 1,123,613,907 0.000%
Source: Ventura County Assessor's Office
CITY OF MOORPARK
City Successor Agency to the Redevelopment Agency
Assessed Value and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
Note:
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed
value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of
2%). With few exceptions, property is only re-assessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at
the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual
market value of taxable property and is subject to the limitations described above.
134
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
0.03070 0.03240 0.03270 0.03290 0.03180 0.03200 0.02130 0.02090 --
- - - - - - - - 0.02220 0.02880
0.00370 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350
0.05750 0.04490 0.03950 0.05550 0.06920 0.06540 0.06540 0.06680 0.05730 0.05980
0.01400 0.01910 0.01670 0.01760 0.01300 0.01550 0.01510 0.01520 0.01430 0.01500
2 1.10590 1.09990 1.09240 1.10950 1.11750 1.11640 1.10530 1.10640 1.09730 1.10710
3 0.09077 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078
----------
4 1.00370 - - - - - - - --
5 0.21047 0.21806 0.09508 0.09498 0.09447 0.09422 0.09406 0.09401 0.09413 0.09417
Notes:
1
2
3
4
5
Sources: HdL Companies
Ventura County Assessor's Office
In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all
taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes
as a percentage of assessed property values for the payment of any voter approved bonds.
Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply
to all city property owners.
City's share of 1% levy is based on the City's share of the general fund tax rate area with the larges net taxable value within the city.
ERAF general fund tax shifts may not be included in tax ratio figures.
Redevelopment rates is based on the largest RDA tax rate area and only includes rate(s) from indebtedness adopted prior to 1989 per
California State statute. RDA direct and overlapping rates are applied only to the incremental property values. The approval of Abx1 26
eliminated redevelopment from the State of California for the fiscal year 2012/13 and years thereafter.
Total Direct Rates is the weighted average of all individual direct rates applied to by the government preparing the statistical section
information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue
generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been
resolved during 2012/13. For the purposed of this report, residual revenue is assumed to be distributed to the City in the same
proportions as general fund revenue.
Conejo Valley Unified
School Bond #2
Total Direct &
Overlapping Tax Rates
Moorpark Unified
School District
Ventura Community
College District
Metropolitan Water District
Redevelopment Rate
General Obligation Debt Rate
City's Share of 1% Levy
per Prop 13
Total Direct Rate
CITY OF MOORPARK
Direct and Overlapping Property Tax Rates
(Rate per $100 of assessed value)
Last Ten Fiscal Years
Conejo Valley Unified
School District
Basic Levy
Fiscal Year
135
Percent of Total Percent of Total
Taxable City Taxable Taxable City Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value *Value Value Value
NF Moorpark Multifamily Assoc 95,702,683$ 1.46 %
DBRE Moorpark LLC 69,100,000$ 1.48 %
Waterstone Properties Moorpark LLC 78,722,776 1.20 % 57,800,000 1.24 %
Moorpark Center LLC 50,993,547 0.78 % 51,924,897 1.11 %
Toll Land XIX LP 35,172,602 0.75 %
Mission Bell Plaza East/West LLC 37,118,916 0.57 % 23,381,785 0.50 %
USA-Patriot LP 33,647,157 0.72 %
ROIC California 31,397,069 0.48 %
Village at Moorpark LLC 20,400,000 0.31 % 29,252,595 0.63 %
Ensign-Bickford Aerospace 25,772,415 0.39 %
G & Y Moorpark LLC 25,678,784 0.55 %
709 Science Drive LLC 24,407,782 0.37 %
Tuscany Square Partners LLC 24,214,523 0.52 %
CSHV Moorpark LLC 23,722,140 0.36 %
Milan Tuscany LLC 22,646,814 0.34 %
Ariji California LLC -- %22,000,000 0.47 %
410,884,142$6.26 %372,172,343$7.98 %
* Due to varying tax rates, the assessed value does not necessarily mean the highest tax.
The assessed value includes secured property tax revenue.
Source: HdL Companies
CITY OF MOORPARK
2020-21 2011-12
Current Year and Nine Years Ago
Principal Property Tax Payers
136
Collections
Fiscal Taxes Levied from
Year Ended for the Percent Previous Percent
June 30 Fiscal Year Amount of Levy Years Amount of Levy
2012 3,638,780 3,394,794 93.3 % 162,584 3,557,378 97.8 %
2013 3,724,968 3,533,421 94.9 % 158,049 3,691,470 99.1 %
2014 3,817,587 3,545,339 92.9 % 125,651 3,670,990 96.2 %
2015 4,186,012 3,965,562 94.7 % 127,695 4,093,257 97.8 %
2016 4,253,351 4,046,844 95.1 % 105,932 4,152,776 97.6 %
2017 4,524,624 4,192,728 92.7 % 133,274 4,326,002 95.6 %
2018 4,744,536 4,493,283 94.7 % 191,146 4,684,429 98.7 %
2019 4,981,779 4,629,520 92.9 % 143,195 4,772,716 95.8 %
2020 5,233,661 4,860,536 92.9 % 157,636 5,018,172 95.9 %
2021 5,084,184 5,005,403 98.5 % 184,120 5,268,304 103.6 %
Source: Ventura County Assessor's Office
Collected within the
Fiscal Year of Levy Total Collections
CITY OF MOORPARK
Secured Property Tax Levies and Collections
Last Ten Fiscal Years
Note:
The amount presented includes City property taxes only.
It does not include redevelopment tax increment.
137
2020-21 2011-12
76 Command Performance Catering
Campus Plaza Shell CTS Electronics Manufacturing Solutions
Command Performance Catering Dick's Sporting Goods
Dick's Sporting Goods Fitzpatrick Dental Equipment
In N Out Burger Kahoots Pet Store
Kohls Kohls
McDonalds McDonalds
Michae's Arts & Crafts Michaels Arts & Crafts
Moorpark 76 Moorpark 76
Moorpark Chevron Moorpark Auto Spa & Lube
Moorpark Petroleum Moorpark Chevron
Pentair Pool Products Moorpark Petroleum
QEP Company Moorpark Shell
Ralphs National Ready Mixed Concrete
Shell Ralphs
Simi Valley Harley Davidson Simi Valley Harley Davidson
Smart & Final Target
Target Testequity
Testequity TJ Maxx
TJ Maxx Tom Lindstrom RV
Tom Lindstrom RV USA Gas
Tractor Supply Vons
Vons Warehouse Discount Center
Warehouse Discount Center Wood Ranch BBQ Grill
Wood Ranch XP Systems
Source: HdL Companies
CITY OF MOORPARK
Principal Sales Tax Remitters
Current Year and Nine Years Ago
Listed Alphabetically
138
Fiscal Year General Tax Total Total Percentage Debt
Ended Obligation Allocation Governmental Primary of Personal Per
June 30 Bonds Bonds 1 Activities Government Income 2 Capita 2
2012 ---- 0%-
2013 ---- 0%-
2014 ---- 0%-
2015 ---- 0%-
2016 ---- 0%-
2017 ---- 0%-
2018 ---- 0%-
2019 ---- 0%-
2020 ---- 0%-
2021 ---- 0%-
Notes: Details regarding the City's outstanding debt can be found in the notes to the
financial statements.
1 The Moorpark Redevelopment Agency issued $9,860,000 of new tax allocation bonds in 1999,
$11,625,000 in 2001, and $11,695,000 in 2006.
Tax Allocation Bonds are the debt of the Successor Agency and not a part of the City.
Please read Note 14, pages 68-71.
2 These ratios are calculated using personal income and population for the prior calendar year.
Governmental Activities
CITY OF MOORPARK
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
139
Fiscal Year General Tax Percent of
Ended Obligation Allocation Assessed Per
June 30 Bonds Bonds 1 Total Value 2 Capita
2012 - - - - %-
2013 - - - - %-
2014 - - - - %-
2015 - - - - %-
2016 - - - - %-
2017 - - - - %-
2018 - - - - %-
2019 - - - - %-
2020 - - - - %-
2021 - - - - %-
General bonded debt is debt payable with governmental fund resources and general
obligation bonds recorded in enterprise funds (of which, the City has none).
1 Tax Allocation Bonds are the debt of the Successor Agency and not a part of the City.
Please read Note 14, pages 68-71.
2 Assessed value has been used because the actual value of taxable property is not
readily available in the State of California.
Outstanding General Bonded Debt
CITY OF MOORPARK
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
140
City Assessed Valuation 2020-21 6,699,929,265$
Redevelopment Agency Incremental Valuation 948,441,940
Adjusted Assessed Valuation 5,751,487,325$
Estimated
Share of
Percentage Debt as of Overlapping
Applicable 6/30/2021 Debt
Direct and Overlapping Tax and Assessment Debt:
Metropolitan Water District 0.205 % 26,830,000$ 55,002$
Ventura Community College District 4.566 % 269,969,464 12,326,806
Conejo Valley Unified School District 0.014 % 129,304,433 18,103
Moorpark Unified School District 93.458 % 42,187,877 39,427,946
City of Moorpark 100.000 %- -
City of Moorpark Community Facilities District No. 97-1 100.000 % 2,940,000 2,940,000
City of Moorpark Community Facilities District No. 2004-1 100.000 % 7,960,000 7,960,000
City of Moorpark 1915 Act Bonds 100.000 % 380,000 380,000
Total Direct and Overlapping Tax & Assessment Debt 479,571,774 63,107,857
Overlapping General Fund Obligation Debt:
Ventura County General Fund Obligations 4.565 % 319,290,000 14,575,589
Ventura County Superintendent of Schools COPs 4.565 % 8,325,000 380,036
Moorpark Unified School District COPs 93.458 % 2,907,456 2,717,250
Total Overlapping General Fund Obligation Debt 330,522,456 17,672,875
Overlapping Tax Increment Debt (Successor Agency):100.000 % 19,330,000 19,330,000
Total Direct Debt -
Combined Total Debt*829,424,230$ 100,110,732
Total direct and overlapping debt 100,110,732$
Notes:
* Excludes tax and revenue anticipation notes, revenue bonds, mortgage revenue bonds and tax allocation bonds
and non-bonded capital lease obligations; of which the City has none.
The direct and overlapping bonded debt above is not the City's obligation
Source: California Municipal Statistics, Inc. The overlapping district's assessed valuation located within the City is
divided by the total assessed valuation of the overlapping district. That percentage is multiplied by the total debt
outstanding for the overlapping district resulting in the City's share of debt.
CITY OF MOORPARK
Direct and Overlapping Debt
141
2012 2013 2014 2015 2016
Assessed valuation 4,662,536,870$ 4,596,277,650$ 4,718,569,672$ 5,042,223,024$ 5,333,705,999$
Conversion percentage 25%25%25%25%25%
Adjusted assessed valuation 1,165,634,218 1,149,069,413 1,179,642,418 1,260,555,756 1,333,426,500
Debt limit percentage 15%15%15%15%15%
Debt limit 174,845,133 172,360,412 176,946,363 189,083,363 200,013,975
- - - - -
Legal debt margin 174,845,133$ 172,360,412$ 176,946,363$ 189,083,363$ 200,013,975$
Total debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
The Government Code 2227 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
81-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for
that parcel). The computations shown above reflect a conversion of assessed valuation date for each fiscal year from
the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted
by the State of California for local governments located within the state.
Total net debt applicable to limit:
General Obligation Bonds
CITY OF MOORPARK
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
142
2017 2018 2019 2020 2021
Assessed valuation 5,654,428,902$ 5,917,959,303$ 6,217,467,935$ 6,456,855,389$ 6,568,841,578$
Conversion percentage 25%25%25%25%25%
Adjusted assessed valuation 1,413,607,226 1,479,489,826 1,554,366,984 1,614,213,847 1,642,210,395
Debt limit percentage 15%15%15%15%15%
Debt limit 212,041,084 221,923,474 233,155,048 242,132,077 246,331,559
- - - - -
Legal debt margin 212,041,084$ 221,923,474$ 233,155,048$ 242,132,077$ 246,331,559$
Total debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
Total net debt applicable to limit:
General Obligation Bonds
CITY OF MOORPARK
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
143
Fiscal Year
Ended Tax
June 30 Increment Principal Interest Coverage
2012 - - - n/a
2013 - - - n/a
2014 - - - n/a
2015 - - - n/a
2016 - - - n/a
2017 - - - n/a
2018 - - - n/a
2019 - - - n/a
2020 - - - n/a
2021 - - - n/a
Note:
The Moorpark Redevelopment Agency issued $9,860,000 of tax allocation bonds in 1999,
$11,625,000 in 2001, and $11,695,000 in 2006.
Tax Allocation Bonds are the debt of the Successor Agency and not a part of the City.
Please read Note 14, pages 68-71.
Tax Allocation Bonds
Debt Service
CITY OF MOORPARK
Pledged-Revenue Coverage
Last Ten Fiscal Years
144
Personal Per Capita
Calendar Income Personal Unemployment Median % of Pop. 25+ % of Pop. 25+
Year Population (in thousands) Income Rate Age H.S. Diploma Bachelors Degree
2010 37,576 $ 1,293,178 $ 34,415 10.1 % 35.0 85.6 % 35.7 %
2011 34,826 $ 1,254,955 $ 36,035 9.4 % 34.9 86.6 % 37.5 %
2012 34,904 $ 1,240,383 $ 35,537 6.5 % 36.0 86.3 % 37.6 %
2013 35,172 $ 1,227,608 $ 34,903 5.7 % 35.4 88.9 % 38.0 %
2014 35,158 $ 1,222,514 $ 34,772 5.2 % 36.1 87.9 % 37.4 %
2015 36,715 $ 1,296,799 $ 35,320 4.4 % 36.5 88.5 % 37.3 %
2016 36,828 $ 1,325,175 $ 35,982 4.0 % 36.9 87.6 % 37.9 %
2017 37,044 $ 1,396,965 $ 37,710 3.9 % 37.1 88.4 % 39..7%
2018 37,020 $ 1,494,684 $ 40,375 3.0 % 37.7 88.4 % 41.1 %
2019 36,278 $ 1,608,203 $ 44,329 2.9 % 37.6 89.5 % 42.3 %
2020 35,981 $ 1,682,243 $ 46,753 7.5 % 39.0 90.9 % 44.7 %
Source: HdL Companies
CITY OF MOORPARK
Demographic and Economic Statistics
Last Ten Calendar Years
145
Percent of Percent of
Number of Total Number of Total
EMPLOYER Employees Employment Employees Employment
Pennymac 1,086 5.7 %756 4.5 %
Aero Vironment 800 4.2 %--
Moorpark College 727 3.8 %608 3.6 %
Moorpark Unified School District 718 3.8 %1,147 6.9 %
Pentair Water Pool & Spa 530 2.8 %375 2.2 %
Kavlico - - 400 2.4 %
Benchmark Electronics Manufacturing Solutions 320 1.7 %--
Ensign-Bickford Aerospace & Defense Company 224 1.2 %--
Amazon Retail, Inc.200 - - -
Target Stores 169 0.9 %175 1.0 %
AJ Machining - - 135 0.8 %
Covered 6, LLC 135 0.7 %- -
Boething Tree Farm - - 121 0.7 %
American Board Assembly - - 870.5 %
Kohl's - - 840.5 %
"Total Employment" as used above represents the total employment of all employers located within
City limits.
Sources: City of Moorpark
State of California, Employment Development Department
2020-21 2011-12
CITY OF MOORPARK
Principal Employers
Current Year and Nine Years Ago
146
Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
General government 28 27 27 26 25 31 26 32 35 30
Public safety (crossing guards)333322222 2
Public services 18 19 19 22 19 17 16 14 15 12
Parks and recreation 51 58 75 70 57 74 78 71 73 50
Total 100 107 124 121 103 124 122 119 125 94
Public safety 1 43 40 40 40 40 40 40 40 40 43
1 Police and fire services were provided by the County.
Fire = 18 and police = 22
Source: City of Moorpark
CITY OF MOORPARK
Full-time and Part-time City Employees
by Function
Last Ten Fiscal Years
Fiscal Year
147
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Police: (A)
Arrests 1,158 1,120 1,148 938 966 1,139 1,531 1,498 2,447 1,239
Parking citations issued *5,704 5,129 2,736 3,117 4,582 5,841 6,419 6,436 4,645 2,133
Fire: (B)
Number of "prime" emergency calls 2,174 1,851 1,835 1,996 2,026 2,107 2,145 2,179 2,430 2,265
Business Inspections 196 132 500 694 727 443 390 196 106 114
Public works: (C)
Street resurfacing (miles)- 4.5 - - - - 0.7 - - -
Parks and recreation: (D)
Number of recreation classes* 308 300 265 303 295 314 396 403 171 290
Number of facility rentals*118 226 103 248 287 405 301 398 103 31
Prime calls and business inspections are for County of Ventura, Fire department station #42
* FY2020-21 - Number of parking citations, recreation classes, and facility rentals are down due to COVID-19.
Source: City of Moorpark
CITY OF MOORPARK
Operating Indicators
by Function
Last Ten Fiscal Years
Fiscal Year
148
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Police:
Stations 1 1 1 1 1 1 1 1 1 1 1
Fire:
Fire stations 2 2 2 2 2 2 2 2 2 2 2
Public works:
Streets (miles) 7979797979797979797979
Streetlights 2,620 2,620 2,620 2,620 2,620 2,620 2,620 2,620 2,620 2,619 2,619
Traffic signals 2121212121222222222525
Parks and recreation:
Parks 1818181819191919191919
Community centers 2 2 2 2 2 2 2 2 2 2 2
Source: City of Moorpark
CITY OF MOORPARK
Capital Asset Statistics
by Function
Last Ten Fiscal Years
Fiscal Year
149
7+,63$*(,17(17,21$//</()7%/$1.
150