HomeMy WebLinkAboutACFR 2023ANNUAL
COMPREHENSIVE
FINANCIAL REPORT
Fiscal Year Ended June 30, 2023
California
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CITY OF MOORPARK, CALIFORNIA
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2023
Table of Contents
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal ................................................................................................................................................ i
City Officials ........................................................................................................................................................... x
Organization Chart ................................................................................................................................................ xi
GFOA Certificate of Achievement for Excellence in Financial Reporting ............................................................ xii
FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT ................................................................................................................ 1
MANAGEMENT'S DISCUSSION AND ANALYSIS ............................................................................................... 5
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Position ....................................................................................................................... 24
Statement of Activities ............................................................................................................................ 25
Fund Financial Statements:
Balance Sheet - Governmental Funds ................................................................................................... 26
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position ............................................................................................................. 29
Statement of Revenues, Expenditures and Changes in Fund
Balances - Governmental Funds ............................................................................................................ 30
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities ............................................................................................................................ 32
Statement of Fiduciary Net Position - Fiduciary Funds .......................................................................... 33
Statement of Changes in Fiduciary Net Position - Fiduciary Funds ....................................................... 34
Notes to Financial Statements ...................................................................................................................... 37
REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Information:
Budgetary Comparison Schedule – General Fund ................................................................................. 74
Budgetary Comparison Schedule – Street and Traffic Safety Fund ...................................................... 75
Budgetary Comparison Schedule – Assessment Districts Fund ............................................................ 76
Budgetary Comparison Schedule – Low-Mod Income Housing Asset Fund ......................................... 77
Budgetary Comparison Schedule – Community Development Fund ..................................................... 78
Budgetary Comparison Schedule – Los Angeles A.O.C Fund ............................................................... 78
Budgetary Comparison Schedule – American Rescue Plan Act ............................................................ 80
CITY OF MOORPARK, CALIFORNIA
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2023
Table of Contents
Page
Number
Pension Information:
Schedule of Proportionate Share of the Net Pension Liability (Asset) ................................................... 81
Schedule of Plan Contributions .............................................................................................................. 82
Other Post-Employment Benefits Information:
Schedule of Changes in the Net OPEB Asset and Related Ratios ........................................................ 83
Schedule of Plan Contributions .............................................................................................................. 84
Notes to Required Supplementary Information ............................................................................................. 85
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
Combining Balance Sheet - Nonmajor Governmental Funds ....................................................................... 88
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Nonmajor Governmental Funds ..................................................................................... 94
Budgetary Comparison Schedules (Budgetary Basis) - Special Revenue Funds:
Parks/Public Facilities Fund ................................................................................................................... 99
Endowment Fund.................................................................................................................................. 100
Library Services Fund ........................................................................................................................... 101
Traffic Safety Fund ............................................................................................................................... 102
City Affordable Housing Fund ............................................................................................................... 103
Casey/Gabbert Road A.O.C. Fund ....................................................................................................... 104
Fremont Storm Drain A.O.C. Fund ....................................................................................................... 105
State Gas Tax Fund ............................................................................................................................. 106
Art in Public Places Fund ..................................................................................................................... 107
State and Federal Assistance Fund ..................................................................................................... 108
Local Transportation Transit Fund ........................................................................................................ 109
Prop 1B Local Streets and Roads Fund ............................................................................................... 110
Solid Waste Fund ................................................................................................................................. 111
Budgetary Comparison Schedules (Budgetary Basis) - Capital Project Funds:
Special Projects Fund ........................................................................................................................... 112
Police Facilities Fee Fund .................................................................................................................... 113
Capital Projects Fund ........................................................................................................................... 114
City Hall Building Fund ......................................................................................................................... 116
Equipment Replacement Fund ............................................................................................................. 115
Remain MRA Bond Proceeds Fund ..................................................................................................... 117
PEG Capital Fund ................................................................................................................................. 118
Combining Statement of Fiduciary Net Position – Custodial Funds .................................................................. 119
Combining Statement of Changes in Fiduciary Net Position – Custodial Funds .............................................. 120
CITY OF MOORPARK, CALIFORNIA
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2023
Table of Contents
Page
Number
STATISTICAL SECTION
Financial Trends:
Net Position by Component - Last Ten Fiscal Years ............................................................................ 124
Statement of Activities (Condensed) - Last Ten Fiscal Years .............................................................. 126
Fund Balances of Governmental Funds - Last Ten Fiscal Years ......................................................... 128
Changes in Fund Balances of Governmental Funds -
Last Ten Fiscal Years ........................................................................................................................... 130
Revenue Capacity:
Assessed Value and Estimated Actual Value of Taxable Property -
Last Ten Fiscal Years .................................................................................................................... 132
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years .................................................. 133
Principal Property Taxpayers - Current Year and Nine Years Ago ...................................................... 134
Secured Property Tax Levies and Collections - Last Ten Fiscal Years ............................................... 135
Principal Sales Tax Remitters - Current Year and Nine Years Ago ..................................................... 136
Debt Capacity:
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years .............................................................. 137
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years ................................................. 138
Direct and Overlapping Debt ................................................................................................................ 139
Legal Debt Margin Information - Last Ten Fiscal Years ....................................................................... 140
Pledged-Revenue Coverage - Last Ten Fiscal Years .......................................................................... 142
Demographic and Economic Information:
Demographic and Economic Statistics - Last Ten Calendar Years ..................................................... 143
Principal Employers - Current Year and Nine Years Ago..................................................................... 144
Operating Information:
Full-Time and Part-Time City Employees by Function - Last Ten Fiscal Years ................................... 145
Operating Indicators by Function - Last Ten Fiscal Years ................................................................... 146
Capital Asset Statistics by Function - Last Ten Fiscal Years ............................................................... 147
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INTRODUCTORY SECTION
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CITY OF MOORPARK
CHRIS ENEGREN
Mayor
DR. ANTONIO CASTRO
Councilmember
RENEE DELGADO
Councilmember
DANIEL GROFF
Councilmember
TOM MEANS
Councilmember
FINANCE DEPARTMENT | 799 Moorpark Avenue, Moorpark, California 93021
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Honorable Mayor, Members of the City Council,
and Citizens of the City of Moorpark:
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STRATEGIES, GOALS AND OBJECTIVES
FISCAL YEARS 2021/22 AND 2022/23
Overa ll Status
■ Completed ■ In Pro gress
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GOAL 1: Identify Options and Solutions to Bai ners for Housing
for All Economic and Age Ranges
GOAL 2: Pract ice Respect, Equ ity and Inclus ion C1tyw1de
GOAL 3: Place an Emphasis on Economic Development w ith a
Focus on Hi storic High Street to Enhance a Dest1nat1on and Se ns e
of Commun ity
GOAL 4 : Find Ways to Help the Community Develop, and Susta in
and Enhance Arts, Cu l tur e, Entertainment, and Pub lic Events
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Moorpark
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2022
Executive Director/CEO
xii
•
FINANCIAL SECTION
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Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
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BASIC FINANCIAL STATEMENTS
23
CITY OF MOORPARK, CALIFORNIA
Statement of Net Position
June 30, 2023
Governmental
Activities
Assets:
Cash and investments 121,527,798$
Receivables:
Accounts 3,269,920
Notes and loans 6,483,968
Accrued interest 1,200,829
Prepaid costs 5,553
Land held for resale 6,893,496
Net other post-employment benefits asset 1,003,449
Capital assets, not being depreciated 200,255,690
Capital assets, net of depreciation 80,891,358
Total Assets 421,532,061
Deferred Outflows of Resources:
Deferred outflows related to pensions 6,799,828
Deferred outflows related to other post-employment benefits 213,271
Total Deferred Outflows of Resources 7,013,099
Liabilities:
Accounts payable 3,261,466
Accrued liabilities 288,892
Unearned revenue 12,229,064
Deposits payable 4,867,984
Noncurrent liabilities:
Compensated absences, due within one year 373,174
Compensated absences, due in more than one year 157,274
Net pension liability, due in more than one year 3,024,760
Total Liabilities 24,202,614
Deferred Inflows of Resources:
Deferred inflows related to pensions 2,137,531
Deferred inflows related to other post-employment benefits 536,983
Total Deferred Inflows of Resources 2,674,514
Net Position:
Invested in capital assets 281,147,048
Restricted:
Public services 34,373,795
Recreation services 11,883,143
Public Safety 23,501
Low and moderate income housing 16,920,961
Restricted for other post-employment benefits 1,003,449
Unrestricted 56,316,135
Total Net Position 401,668,032$
The notes to financial statements are an integral part of this statement.
24
CITY OF MOORPARK, CALIFORNIA
Statement of Activities
For the Year Ended June 30, 2023
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 6,483,210$ 618,705$ 244,571$ 1,951,095$ (3,668,839)$
Public safety 9,352,962 553,031 - -(8,799,931)
Public services 8,932,996 1,906,484 4,458,599 -(2,567,913)
Parks and recreation 11,281,727 4,681,290 2,870 -(6,597,567)
Street and roads 3,566,985 110,717 - 292,812 (3,163,456)
Total Governmental Activities 39,617,880$7,870,227$ 4,706,040$ 2,243,907$ (24,797,706)
General Revenues:
Taxes:
Property taxes, levied for general purpose 11,826,418
Transient occupancy taxes 490,979
Sales taxes 4,948,566
Franchise taxes 1,729,739
Use of money and property 2,607,972
Other 897,569
Total General Revenues 22,501,243
Change in Net Position (2,296,463)
Net Position - Beginning 398,421,154
Restatement of Net Position 5,543,341
Net Position - Beginning, as Restated 403,964,495
Net Position - Ending 401,668,032$
Program Revenues
The notes to financial statements are an integral part of this statement.
25
CITY OF MOORPARK, CALIFORNIA
Balance Sheet
Governmental Funds
June 30, 2023
General
Assets:
Cash and investments 5,966,366$ 17,092,204$ 3,947,781$ 7,882$ 4,589,849$
Receivables:
Accounts 1,886,046 82,346 136,702 -86,467
Notes and loans --- 5,233,968 -
Accrued interest --- 1,046,871 -
Prepaid costs 5,553----
Due from other funds -----
Land held for resale --- 6,316,148 -
Total Assets 7,857,965$ 17,174,550$ 4,084,483$ 12,604,869$ 4,676,316$
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable 1,085,382$ 247,420$ 360,941$ 5,552$ 446,890$
Accrued liabilities 187,048 1,398 19,720 996 35,791
Unearned revenues - 100,000 --295,221
Deposits payable 98,830 -20,000 10,000 3,857,477
Due to other funds -----
Total Liabilities 1,371,260 348,818 400,661 16,548 4,635,379
Deferred Inflows of Resources:
Unavailable revenues 14,400 -- 6,280,839 40,937
Total Deferred Inflows of Resources 14,400 -- 6,280,839 40,937
Fund Balances:
Nonspendable:
Prepaid costs 5,553----
Restricted:
Public services - 16,825,732 3,683,822 --
Recreation services -----
Public safety -----
Low and moderate income housing --- 6,307,482 -
Committed:
Library services -----
Emergency contingency reserve 4,472,402 ----
Economic uncertainty 500,000 ----
Assigned:
Capital projects -----
Unassigned 1,494,350 ----
Total Fund Balances (Deficit)6,472,305 16,825,732 3,683,822 6,307,482 -
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) 7,857,965$ 17,174,550$ 4,084,483$ 12,604,869$ 4,676,316$
Street And
Traffic Safety
Assessment
Districts
Low-Mod
Income
Housing Asset
Community
Development
Special Revenue Funds
The notes to financial statements are an integral part of this statement.
26
CITY OF MOORPARK, CALIFORNIA
Balance Sheet
Governmental Funds
June 30, 2023
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)
Capital
Projects Fund
6,419,133$ 6,548,021$ 30,651,599$ 46,304,963$ 121,527,798$
30,794 31,557 - 1,016,008 3,269,920
--- 1,250,000 6,483,968
--- 153,958 1,200,829
-- - -5,553
--- 960,447 960,447
--- 577,348 6,893,496
6,449,927$ 6,579,578$ 30,651,599$ 50,262,724$ 140,342,011$
110,412$ -$ 3,811$ 1,001,058$ 3,261,466$
---43,939 288,892
- 6,688,657 - 5,145,186 12,229,064
4,000 -- 877,677 4,867,984
--- 960,447 960,447
114,412 6,688,657 3,811 8,028,307 21,607,853
--- 1,495,766 7,831,942
--- 1,495,766 7,831,942
-- - -5,553
6,335,515 -- 7,326,593 34,171,662
--- 11,883,143 11,883,143
---23,501 23,501
--- 2,926,699 9,234,181
--- 1,825,708 1,825,708
-- - -4,472,402
-- - -500,000
-- 30,647,788 17,826,765 48,474,553
- (109,079)- (1,073,758)311,513
6,335,515 (109,079) 30,647,788 40,738,651 110,902,216
6,449,927$ 6,579,578$ 30,651,599$ 50,262,724$ 140,342,011$
Los Angeles
A.O.C.
American
Rescue Plan
Act (Arpa-Clfr)
Special
Projects
Other
Governmental
Funds
Total
Governmental
Funds
Special Revenue Funds
The notes to financial statements are an integral part of this statement.
27
7+,63$*(,17(17,21$//</()7%/$1.
28
CITY OF MOORPARK, CALIFORNIA
Reconciliation of the Balance Sheet of Governmental Funds
To the Statement of Net Position
June 30, 2023
Amounts reported for governmental activities in the statement of net position are different because:
Total fund balances - governmental funds 110,902,216$
Capital assets used in governmental activities are not financial resources and,
therefore, are not reported in the funds.281,147,048
Compensated absences are not due and payable in the current period, and
therefore, are not reported in the funds.(530,448)
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.(3,024,760)
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 616,473$
Changes in assumptions 309,950
Difference between expected and actual experiences 60,743
Net difference between projected and actual earnings on plan investments 554,056
Adjustments due to differences in proportions 5,258,606 6,799,828
Other post-employment benefits expenses reported in the statement of
Pension-related deferred inflows of resources that have not been included as
financial resources in the governmental fund activity are as follows:
Difference between expected and actual experiences (40,683)
Difference in proportionate share (2,096,848)(2,137,531)
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.1,003,449
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 2,662
Changes in assumptions 9,701
Net difference between projected and actual earnings on plan investments 200,908 213,271
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 (117,310)
Difference between expected and actual experiences (419,673)(536,983)
Revenues reported as unavailable revenue in the governmental funds are recognized
in the statement of activities.7,831,942
Net Position of Governmental Activities 401,668,032$
The notes to financial statements are an integral part of this statement.
29
CITY OF MOORPARK, CALIFORNIA
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Governmental Funds
For the Year Ended June 30, 2023
General
Revenues:
Taxes 17,695,136$ -$ -$ -$ -$
Assessments ----86,408
Licenses and permits 205,995 ---369,485
Intergovernmental 142,037 36,520 ---
Charges for services 1,352,448 20,892 --994,906
Use of money and property 1,257,672 571,241 50,613 12,722 -
Fines and forfeitures 109,298 ---3,835
Maintenance assessments -- 3,535,370 --
Miscellaneous 2,282,384 -31,653 --
Total Revenues 23,044,970 628,653 3,617,636 12,722 1,454,634
Expenditures:
Current:
General government 4,061,792 - - 45,985 -
Public safety 8,103,270 3 8,456 -434,033
Public services 945,097 85,884 163,565 12,882 2,423,233
Parks and recreation 3,493,198 - 4,091,907 --
Streets and roads 180,983 ----
Capital outlay 107,218 5,575,795 ---
Total Expenditures 16,891,558 5,661,682 4,263,928 58,867 2,857,266
Excess (Deficiency) of Revenues
Over (Under) Expenditures 6,153,412 (5,033,029) (646,292) (46,145)(1,402,632)
Other Financing Sources (Uses):
Transfers in 23,090 - 1,119,848 -1,402,632
Transfers out (6,079,162)----
Total Other Financing Sources (Uses) (6,056,072)- 1,119,848 -1,402,632
Net Changes in Fund Balances 97,340 (5,033,029)473,556 (46,145)-
Fund Balances (Deficit) - Beginning 6,374,965 21,858,761 3,210,266 7,556,352 -
Restatements --- (1,202,725)-
Fund Balances - Beginning, as Restated 6,374,965 21,858,761 3,210,266 6,353,627 -
Fund Balances (Deficit) - Ending 6,472,305$ 16,825,732$ 3,683,822$ 6,307,482$ -$
Street And
Traffic Safety
Assessment
Districts
Low-Mod
Income Housing
Asset
Community
Development
Special Revenue Funds
The notes to financial statements are an integral part of this statement.
30
CITY OF MOORPARK, CALIFORNIA
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Governmental Funds
For the Year Ended June 30, 2023
Revenues:
Taxes
Assessments
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
Restatements
Fund Balances - Beginning, as Restated
Fund Balances (Deficit) - Ending
Capital Projects
Fund
-$ -$ -$ 1,300,566$ 18,995,702$
- 147 - -86,555
-- - -575,480
--- 4,067,550 4,246,107
228,925 --645,577 3,242,748
275,664 (109,079) (150,728)699,867 2,607,972
---94,007 207,140
-- - -3,535,370
454,182 --80,445 2,848,664
958,771 (108,932) (150,728) 6,888,012 36,345,738
---30,340 4,138,117
---226,656 8,772,418
8,188 -- 3,144,845 6,783,694
-147 - 1,207,948 8,793,200
--- 1,040,396 1,221,379
4,341,059 -34,181 2,719,586 12,777,839
4,349,247 147 34,181 8,369,771 42,486,647
(3,390,476) (109,079) (184,909) (1,481,759)(6,140,909)
-- 3,562,745 -6,108,315
---(29,153)(6,108,315)
-- 3,562,745 (29,153)-
(3,390,476) (109,079) 3,377,836 (1,510,912)(6,140,909)
9,725,991 - 27,269,952 42,249,563 118,245,850
-- - -(1,202,725)
9,725,991 - 27,269,952 42,249,563 117,043,125
6,335,515$ (109,079)$ 30,647,788$ 40,738,651$ 110,902,216$
Special Revenue Funds
Los Angeles
A.O.C.
American
Rescue Plan
Act (Arpa-Clfr) Special Projects
Other
Governmental
Funds
Total
Governmental
Funds
The notes to financial statements are an integral part of this statement.
31
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, 2023
Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds (6,140,909)$
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 14,743,412$
Loss on disposal of capital assets (1,620,511)
Depreciation (3,326,808)9,796,093
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.(32,420)
Pension 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.(6,980,742)
Other post-employment benefits 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.85,836
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.975,679
Change in Net Position of Governmental Activities (2,296,463)$
The notes to financial statements are an integral part of this statement.
32
CITY OF MOORPARK, CALIFORNIA
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
Custodial
Funds
Assets:
Cash and cash equivalents 221,410$ 2,208,946$
Receivables:
Accounts receivable -23,868
Restricted cash and investments 2,705,501 2,134,561
Prepaid costs 119,754 -
Land held for resale 8,036,543 -
Capital assets, not being depreciated 264,543 709,724
Capital assets, net of accumulated depreciation 7,361,367 -
Total Assets 18,709,118 5,077,099
Liabilities:
Accounts payable 5,266 34,100
Accrued interest 142,859 -
Due to bondholders -4,309,780
Bonds payable, due in more than one year 18,022,219 -
Total Liabilities 18,170,344 4,343,880
Net Position:
Restricted for individuals, organizations, and other governments 538,774 733,219
Total Net Position 538,774$ 733,219$
Private-
Purpose Trust
Fund
Successor
Agency
The notes to financial statements are an integral part of this financial statement.
33
CITY OF MOORPARK, CALIFORNIA
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2023
Additions:
Property Taxes 1,488,446$ -$
Taxes and special assessments collections -1,311,455
Interest and change in fair value of investments 65,803 35,914
Intergovernmental -27,556
Interest and change in fair value of investments
Miscellaneous -20,903
Total Additions 1,554,249 1,395,828
Deductions:
Administrative expenses 125,000 72,807
Contractual services 8,362 3,803
Interest expense 519,492 397,130
Principal expense -897,674
Depreciation expense 204,395 -
Payments of collections to assessment districts -41,000
Total Deductions 857,249 1,412,414
Net Increase in Fiduciary Net Position 697,000 (16,586)
Net Position - Beginning (158,226)4,989,991
Restatement of Net Position -(4,240,186)
Net Position - Beginning, as Restated (158,226)749,805
Net Position - Ending 538,774$ 733,219$
Private-
Purpose Trust
Fund
Successor
Agency
Custodial
Funds
The notes to financial statements are an integral part of this financial statement.
34
CITY OF MOORPARK, CALIFORNIA
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2023
Table of Contents
Note 1: Summary of Significant Accounting Policies ....................................................................................... 37
Note 2: Stewardship, Compliance, and Accountability .................................................................................... 45
Note 3: Cash and Investments ......................................................................................................................... 45
Note 4: Notes and Loans Receivable .............................................................................................................. 51
Note 5: Interfund Transactions ......................................................................................................................... 53
Note 6: Capital Assets and Depreciation ......................................................................................................... 54
Note 7: Employee Compensated Absences .................................................................................................... 55
Note 8: Defined Benefit Pension Plan.............................................................................................................. 55
Note 9: Other Postemployment Benefits ......................................................................................................... 61
Note 10: Special Assessment Bonds ................................................................................................................. 64
Note 11: Risk Management ............................................................................................................................... 65
Note 12: Commitments and Contingencies ....................................................................................................... 67
Note 13: Successor Agency Private Purpose Trust Fund to the Former
Redevelopment Agency of the City of Moorpark (SARA) ................................................................... 68
Note 14: Employees Retirement Plan PARS ..................................................................................................... 70
Note 15: Prior Period Adjustments ..................................................................................................................... 71
Note 16: Subsequent Events .............................................................................................................................. 71
35
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72
REQUIRED SUPPLEMENTARY INFORMATION
73
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
General Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 6,374,965$ 6,374,965$ 6,374,965$ -$
Resources (Inflows):
Taxes 16,288,468 16,573,468 17,695,136 1,121,668
Licenses and permits 300,000 300,000 205,995 (94,005)
Intergovernmental 568,000 568,000 142,037 (425,963)
Charges for services 1,212,410 1,212,410 1,352,448 140,038
Use of money and property 656,600 656,600 1,257,672 601,072
Fines and forfeitures 157,000 157,000 109,298 (47,702)
Miscellaneous 2,467,582 2,492,582 2,282,384 (210,198)
Transfers in --23,090 23,090
Amounts Available for Appropriation 28,025,025 28,335,025 29,443,025 1,108,000
Charges to Appropriations (Outflows):
General government 4,079,345 4,494,866 4,061,792 433,074
Public safety 8,556,525 8,561,772 8,103,270 458,502
Public services 1,056,862 1,126,095 945,097 180,998
Parks and recreation 3,647,828 4,032,195 3,493,198 538,997
Streets and roads 203,283 203,283 180,983 22,300
Capital outlay 1,095,655 1,201,930 107,218 1,094,712
Transfers out 2,888,894 2,888,894 6,079,162 (3,190,268)
Total Charges to Appropriations 21,528,392 22,509,035 22,970,720 (461,685)
Budgetary Fund Balance, June 30 6,496,633$ 5,825,990$ 6,472,305$ 646,315$
The notes to required supplementary information are an integral part of this schedule.
74
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Street and Traffic Safety Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 21,858,761$ 21,858,761$ 21,858,761$ -$
Resources (Inflows):
Intergovernmental --36,520 36,520
Charges for services 1,230,144 1,230,144 20,892 (1,209,252)
Use of money and property 427,000 427,000 571,241 144,241
Amounts Available for Appropriations 23,515,905 23,515,905 22,487,414 (1,028,491)
Charges to Appropriations (Outflows):
Public safety --3 (3)
Public services 105,531 111,278 85,884 25,394
Capital outlay 2,831,865 8,616,171 5,575,795 3,040,376
Total Charges to Appropriations 2,937,396 8,727,449 5,661,682 3,065,767
Budgetary Fund Balance, June 30 20,578,509$ 14,788,456$ 16,825,732$ 2,037,276$
The notes to required supplementary information are an integral part of this schedule.
75
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Assessment District Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,210,266$ 3,210,266$ 3,210,266$ -$
Resources (Inflows):
Use of money and property 68,100 68,100 50,613 (17,487)
Maintenance Assessment 3,643,068 3,643,068 3,535,370 (107,698)
Miscellaneous 16,500 16,500 31,653 15,153
Transfers in 1,751,408 1,751,408 1,119,848 (631,560)
Amounts Available for Appropriations 8,689,342 8,689,342 7,947,750 (741,592)
Charges to Appropriations (Outflows):
Public safety 11,554 11,554 8,456 3,098
Public services 352,600 352,600 163,565 189,035
Parks and recreation 5,105,471 5,369,873 4,091,907 1,277,966
Capital outlay 295,000 328,816 -328,816
Total Charges to Appropriations 5,764,625 6,062,843 4,263,928 1,798,915
Budgetary Fund Balance, June 30 2,924,717$ 2,626,499$ 3,683,822$ 1,057,323$
The notes to required supplementary information are an integral part of this schedule.
76
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Low-Mod Income Housing Asset Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 6,353,627$ 6,353,627$ 6,353,627$ -$
Resources (Inflows):
Use of money and property 23,000 23,000 12,722 (10,278)
Amounts Available for Appropriations 6,376,627 6,376,627 6,366,349 (10,278)
Charges to Appropriations (Outflows):
General government 69,503 179,503 45,985 133,518
Public services 43,050 56,050 12,882 43,168
Total Charges to Appropriations 112,553 235,553 58,867 176,686
Budgetary Fund Balance, June 30 6,264,074$ 6,141,074$ 6,307,482$ 166,408$
The notes to required supplementary information are an integral part of this schedule.
77
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Community Development Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (Inflows):
Assessments 310,000 310,000 86,408 (223,592)
Licenses and permits 220,571 366,571 369,485 2,914
Charges for services 1,181,708 1,181,708 994,906 (186,802)
Use of money and property 15,000 15,000 -(15,000)
Fines and forfeitures 300 35,300 3,835 (31,465)
Transfers in 1,285,741 1,285,741 1,402,632 116,891
Amounts Available for Appropriations 3,013,320 3,194,320 2,857,266 (337,054)
Charges to Appropriations (Outflows):
Public safety 790,265 790,265 434,033 356,232
Public services 2,223,055 2,684,843 2,423,233 261,610
Total Charges to Appropriations 3,013,320 3,475,108 2,857,266 617,842
Budgetary Fund Balance, June 30 -$ (280,788)$ -$ 280,788$
The notes to required supplementary information are an integral part of this schedule.
78
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Los Angeles A.O.C. Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 9,725,991$ 9,725,991$ 9,725,991$ -$
Resources (Inflows):
Charges for services 1,445,304 1,445,304 228,925 (1,216,379)
Use of money and property 273,000 273,000 275,664 2,664
Miscellaneous - 203,807 454,182 250,375
Amounts Available for Appropriations 11,444,295 11,648,102 10,684,762 (963,340)
Charges to Appropriations (Outflows):
Public services 10,113 10,113 8,188 1,925
Capital outlay 10,373,192 10,442,318 4,341,059 6,101,259
Total Charges to Appropriations 10,383,305 10,452,431 4,349,247 6,103,184
Budgetary Fund Balance, June 30 1,060,990$ 1,195,671$ 6,335,515$ 5,139,844$
The notes to required supplementary information are an integral part of this schedule.
79
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
American Rescue Plan Act (ARPA-CLFR)
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$
Resources (Inflows):
Assessments --147 147
Use of money and property -- (109,079) (109,079)
Amounts Available for Appropriation -- (108,932) (108,932)
Charges to Appropriation (Outflow):
Parks and recreation - 70,000 147 69,853
Capital outlay 5,438,798 5,768,798 - 5,768,798
Total Charges to Appropriations 5,438,798 5,838,798 147 5,838,651
Budgetary Fund Deficit, June 30 (5,438,798)$(5,838,798)$(109,079)$ 5,729,719$
The notes to required supplementary information are an integral part of this schedule.
80
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
2023 0.02619% 3,024,760$ 5,107,901$ 59.22%76.68%
2022 3 -0.08647%(4,676,695)4,786,765 -97.70%88.29%
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
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 nine years are shown.
3 For fiscal year 2019 (measurement date 6/30/2018) and fiscal year 2022 (measurement date 6/30/2021), the City's plan is considered to be
superfunded, with a net pension asset.
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.
81
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
2023 616,473$ 616,473$ -$ 5,468,562$ 11.27%
2022 526,934 526,934 -5,107,901 10.32%
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, 2020
Methods and assumptions used to determine contribution rates:
Actuarial cost method: Entry age normal cost method
Amortization method: Varies by date established and source. May be level dollar or level percent of pay and may include direct rate smoothing
Remaining amortization period: Differs by employer rate plan but not more than 28 years
Assets valuation method: Fair Value of assets
Inflation: 2.50%
Salary Increases: Varies by Entry Age and Service
Investment rate of return: 7.00% (net of administrative expenses)
(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 nine 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.
82
CITY OF MOORPARK, CALIFORNIA
Other Postemployment Benefits Plan
Schedule of Changes in the Net OPEB Asset and Related Ratios
As of June 30, for the Last Ten Fiscal Years (1)
2023 2022 2021 2020 2019
Measurement Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018
Changes in Total OPEB Liability:
Service cost 76,893$ 53,210$ 52,259$ 61,634$ 59,839$
Interest 90,791 117,663 112,059 128,924 121,324
Actual vs. expected experience - (434,728) - (166,085) -
Assumption changes -12,641 (21,558) (199,859)-
Benefit payments (63,785) (62,164) (59,234) (70,954) (69,756)
Net change in total OPEB liability 103,899 (313,378)83,526 (246,340) 111,407
Total OPEB liability - beginning of year 1,407,645 1,721,023 1,637,497 1,883,837 1,772,430
Total OPEB liability - end of year (a)1,511,544 1,407,645 1,721,023 1,637,497 1,883,837
Changes in Plan Fiduciary Net Position:
Contributions - employer (2)521 640 433 45,000 46,000
Net investment income (397,637)658,899 83,417 138,621 167,790
Benefit payments (63,785) (62,164) (59,234) (70,954) (69,756)
Administrative expenses (1,277)(1,380)(1,585)(481)(3,908)
Net change in plan fiduciary net position (462,178) 595,995 23,031 112,186 140,126
Plan fiduciary net position - beginning of year 2,977,171 2,381,176 2,358,145 2,245,959 2,105,833
Plan fiduciary net position - end of year (b)2,514,993 2,977,171 2,381,176 2,358,145 2,245,959
Net OPEB Liability/(Asset) (a) - (b)(1,003,449)$ (1,569,526)$ (660,153)$ (720,648)$ (362,122)$
Plan fiduciary net position as a percentage of the total OPEB liability 166.39% 211.50% 138.36% 144.01% 119.22%
Covered-employee payroll 5,420,207$ 5,018,789$ 5,400,578$ 5,125,824$ 6,234,093$
Net OPEB asset as a percentage of covered payroll -18.51% -31.27%-12.22% -14.06%-5.81%
Notes to Schedule:
(2) Contributions to trust of $0 plus implied subsidy benefits.
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future
years' information will be displayed up to 10 years as information becomes available.
83
CITY OF MOORPARK, CALIFORNIA
Other Postemployment Benefits Plan
Schedule of Plan Contributions
As of June 30, for the Last Ten Fiscal Years (1)
2023 2022 2021 2020 2019
-$ -$ -$ -$ 41,000$
2,662 521 640 433 45,000
(2,662)$ (521)$ (640)$ (433)$ (4,000)$
5,728,295$ 5,420,207$ 5,018,789$ 5,400,578$ 5,125,824$
0.0%0.0%0.0%0.0%0.9%
Notes to Schedule:
(2) For 2020, contributions to trust of $0 plus implied subsidy benefits. For 2021, administrative expenses paid outside of trust.
Valuation Date
Actuarial Cost Method
Amortization Method
Amortization Period
Asset Valuation Method
Discount Rate
General Inflation
Medical Trend
Mortality
Mortality Improvement Morality projected fully generational with Scale MP-2021
6.25%
CalPERS 2000-2019 experience study.
June 30, 2021
Entry Age Normal, Level Percentage of Payroll
2.50%
Non-Medicare - 6.5% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (Non-Kaiser) - 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (Kaiser) - 4.6% for 2023, decreasing to an ultimate rate of 3.75% in 2076
(1)Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future
years' information will be displayed up to 10 years as information becomes available.
15-year fixed period for each new base established beginning with FYE 2015 UAL.
Level percent of pay
Investment gains and losses spread over 5-year rolling period.
Methods and Assumptions for 2022/23 Actuarially Determined Contribution
Actuarially Determined Contribution
Contribution in Relation to the Actuarially Determined Contributions (2)
Contribution Deficiency (Excess)
Covered-employee payroll
Contributions as a percentage of covered-employee payroll
84
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86
COMBINING AND INDIVUDAL FUND STATEMENTS AND
SCHEDULES
87
CITY OF MOORPARK, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:
Cash and investments 9,625,427$ 8,110,869$ 1,832,118$ 8,773$ 2,829,659$
Receivables:
Accounts 46,462 38,612 11,011 18,260 11,166
Notes and loans ----1,250,000
Accrued interest ----153,958
Due from other funds -960,447 ---
Land held for resale ----577,348
Total Assets 9,671,889$ 9,109,928$ 1,843,129$ 27,033$ 4,822,131$
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):
Liabilities:
Accounts payable 9,418$ 55,050$ 14,975$ 901$ 1,633$
Accrued liabilities - - 2,446 2,631 8,445
Unearned revenues 2,300,000 ----
Deposits payable ----479,413
Due to other funds -----
Total Liabilities 2,309,418 55,050 17,421 3,532 489,491
Deferred Inflows of Resources:
Unavailable revenues ----1,405,941
Total Deferred Inflows of Resources ----1,405,941
Fund Balances (Deficit):
Restricted:
Public services - - - --
Recreation services 7,362,471 ----
Public safety ---23,501 -
Low and moderate income housing ----2,926,699
Committed:
Library services - - 1,825,708 --
Assigned:
Capital projects - 9,054,878 - --
Unassigned -----
Total Fund Balances (Deficit)7,362,471 9,054,878 1,825,708 23,501 2,926,699
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) 9,671,889$ 9,109,928$ 1,843,129$ 27,033$ 4,822,131$
Special Revenue Funds
Parks/Public
Facilities Endowment Library Services Traffic Safety
City Affordable
Housing
88
CITY OF MOORPARK, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
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)
124,852$ 103,441$ 17,319$ 2,869,221$ 4,563,990$
747 499 83 237,809 21,880
-----
-----
-----
-----
125,599$ 103,940$ 17,402$ 3,107,030$ 4,585,870$
-$ -$ -$ 13,813$ 52,949$
- - - 8,075 2,249
-----
----10,000
-----
---21,888 65,198
-----
-----
125,599 103,940 17,402 3,085,142 -
---- 4,520,672
-----
-----
-----
-----
-----
125,599 103,940 17,402 3,085,142 4,520,672
125,599$ 103,940$ 17,402$ 3,107,030$ 4,585,870$
Fremont Storm
Drain A.O.C.State Gas Tax
Art In Public
Places
Special Revenue Funds
Tierra
Rejada/Spring
Road A.O.C.
Casey/Gabbert
Road A.O.C.
89
CITY OF MOORPARK, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
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)
2,638,677$ 244,080$ 585,041$ 1,875,458$ 25,955$
12,739 430,722 2,861 109,996 125
-----
-----
-----
-----
2,651,416$ 674,802$ 587,902$ 1,985,454$ 26,080$
339,236$ 419,334$ -$ 7,008$ -$
6,764 2,647 -10,682 -
-280,798 504,388 --
---388,264 -
-----
346,000 702,779 504,388 405,954 -
-89,825 ---
-89,825 ---
2,305,416 -83,514 1,579,500 26,080
-----
-----
-----
-----
-----
-(117,802)---
2,305,416 (117,802)83,514 1,579,500 26,080
2,651,416$ 674,802$ 587,902$ 1,985,454$ 26,080$
Solid Waste
Walnut Canyon
Traffic Noise
State And Federal
Assistance
Local
Transportation
Transit
Prop 1B Local
Streets And
Roads
Special Revenue Funds
90
CITY OF MOORPARK, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
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)
3,916$ 649,505$ 3,594,751$ 2,323,790$ 1,801,716$
575 3,130 18,099 11,200 8,696
-----
-----
-----
-----
4,491$ 652,635$ 3,612,850$ 2,334,990$ 1,810,412$
-$ -$ 72,940$ 1,089$ 12,712$
-----
-----
-----
960,447 ----
960,447 -72,940 1,089 12,712
-----
-----
-----
-----
-----
-----
-----
-652,635 3,539,910 2,333,901 1,797,700
(955,956)----
(955,956)652,635 3,539,910 2,333,901 1,797,700
4,491$ 652,635$ 3,612,850$ 2,334,990$ 1,810,412$
Police Facilities
Fee Capital Projects City Hall Building
Equipment
Replacement
Remain MRA
Bond Proceeds
Capital Projects Funds
91
CITY OF MOORPARK, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
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
2,181,624$ 294,781$ 46,304,963$
10,514 20,822 1,016,008
--1,250,000
--153,958
--960,447
--577,348
2,192,138$ 315,603$ 50,262,724$
-$ -$ 1,001,058$
--43,939
2,060,000 -5,145,186
--877,677
--960,447
2,060,000 -8,028,307
--1,495,766
--1,495,766
--7,326,593
-- 11,883,143
--23,501
--2,926,699
--1,825,708
132,138 315,603 17,826,765
--(1,073,758)
132,138 315,603 40,738,651
2,192,138$ 315,603$ 50,262,724$
PEG Capital Fund
ProjectDDA Settlement
Capital Projects Funds
92
7+,63$*(,17(17,21$//</()7%/$1.
93
CITY OF MOORPARK, CALIFORNIA
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023
Revenues:
Taxes -$ -$ 1,201,168$ -$ -$
Intergovernmental --2,870 --
Charges for services 47,078 -2,968 -7,280
Use of money and property 68,923 242,311 27,691 319 65,278
Fines and forfeitures --890 93,117 -
Miscellaneous -40,000 16,188 --
Total Revenues 116,001 282,311 1,251,775 93,436 72,558
Expenditures:
Current:
General government ---8,650 -
Public safety ---96,348 30,308
Public services -653,311 --156,921
Parks and recreation 62,542 25,000 1,003,890 --
Streets and roads -----
Capital outlay 37,099 75,495 ---
Total Expenditures 99,641 753,806 1,003,890 104,998 187,229
Excess (Deficiency) of Revenues
Over (Under) Expenditures 16,360 (471,495)247,885 (11,562)(114,671)
Other Financing Sources (Uses):
Transfers out -----
Total Other Financing Sources (Uses)-----
Net Change in Fund Balances 16,360 (471,495)247,885 (11,562)(114,671)
Fund Balances (Deficit) - Beginning 7,346,111 9,526,373 1,577,823 35,063 3,041,370
Fund Balances (Deficit) - Ending 7,362,471$ 9,054,878$ 1,825,708$ 23,501$ 2,926,699$
Endowment Library Services
Parks/Public
Facilities
City Affordable
HousingTraffic Safety
Special Revenue Funds
94
CITY OF MOORPARK, CALIFORNIA
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023
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 out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
(CONTINUED)
-$ -$ -$ -$ -$
--- 1,732,141 -
----44,267
2,498 1,669 279 26,052 76,808
-----
-----
2,498 1,669 279 1,758,193 121,075
-----
-----
-----
----109,927
---749,279 -
---41,336 98,270
---790,615 208,197
2,498 1,669 279 967,578 (87,122)
---(29,153)-
---(29,153)-
2,498 1,669 279 938,425 (87,122)
123,101 102,271 17,123 2,146,717 4,607,794
125,599$ 103,940$ 17,402$ 3,085,142$ 4,520,672$
Tierra
Rejada/Spring
Road A.O.C.
Casey/Gabbert
Road A.O.C.
Fremont Storm
Drain A.O.C.State Gas Tax
Art In Public
Places
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, 2023
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 out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
-$ -$ -$ -$ -$
693,007 1,337,147 292,812 9,573 -
-42,739 -493,104 -
33,071 23,648 8,338 55,303 419
-----
---102-
726,078 1,403,534 301,150 558,082 419
-----
100,000 ----
- 1,946,297 -388,316 -
---6,589-
288,117 -3,000 --
403,326 333,438 289,812 --
791,443 2,279,735 292,812 394,905 -
(65,365)(876,201)8,338 163,177 419
-----
-----
(65,365)(876,201)8,338 163,177 419
2,370,781 758,399 75,176 1,416,323 25,661
2,305,416$ (117,802)$ 83,514$ 1,579,500$ 26,080$
State And Federal
Assistance
Local
Transportation
Transit
Prop 1B Local
Streets And
Roads Solid Waste
Walnut Canyon
Traffic Noise
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, 2023
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 out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
(CONTINUED)
-$ -$ -$ -$ -$
-----
8,141 ----
1,647 10,473 (57,310)46,549 29,110
-----
---24,155 -
9,788 10,473 (57,310)70,704 29,110
---21,233 -
-----
-----
-----
-----
-- 1,190,326 234,977 15,507
-- 1,190,326 256,210 15,507
9,788 10,473 (1,247,636)(185,506)13,603
-----
-----
9,788 10,473 (1,247,636)(185,506)13,603
(965,744)642,162 4,787,546 2,519,407 1,784,097
(955,956)$ 652,635$ 3,539,910$ 2,333,901$ 1,797,700$
Capital Projects Funds
Police Facilities
Fee Capital Projects City Hall Building
Equipment
Replacement
Remain MRA
Bond Proceeds
97
CITY OF MOORPARK, CALIFORNIA
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023
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 out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances (Deficit) - Beginning
Fund Balances (Deficit) - Ending
Total
Governmental
Funds
-$ 99,398$ 1,300,566$
--4,067,550
--645,577
35,178 1,613 699,867
--94,007
--80,445
35,178 101,011 6,888,012
-45730,340
--226,656
--3,144,845
--1,207,948
--1,040,396
--2,719,586
-457 8,369,771
35,178 100,554 (1,481,759)
--(29,153)
--(29,153)
35,178 100,554 (1,510,912)
96,960 215,049 42,249,563
132,138$ 315,603$ 40,738,651$
Capital Projects Funds
DDA Settlement
PEG Capital Fund
Project
98
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Parks/Public Facilities Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 7,346,111$ 7,346,111$ 7,346,111$ -$
Resources (Inflows):
Intergovernmental 976,328 976,328 -(976,328)
Charges for services 793,082 793,082 47,078 (746,004)
Use of money and property 131,500 131,500 68,923 (62,577)
Amounts Available for Appropriations 9,247,021 9,247,021 7,462,112 (1,784,909)
Charges to Appropriations (Outflows):
Parks and recreation 1,370,080 1,433,270 62,542 1,370,728
Capital outlay 925,000 1,152,918 37,099 1,115,819
Total Charges to Appropriations 2,295,080 2,586,188 99,641 2,486,547
Budgetary Fund Balance, June 30 6,951,941$ 6,660,833$ 7,362,471$ 701,638$
99
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Endowment Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 9,526,373$ 9,526,373$ 9,526,373$ -$
Resources (Inflows):
Charges for services 1,884,000 1,884,000 -(1,884,000)
Use of money and property 364,000 364,000 242,311 (121,689)
Miscellaneous --40,000 40,000
Amounts Available for Appropriations 11,774,373 11,774,373 9,808,684 (1,965,689)
Charges to Appropriations (Outflows):
Public services 389,661 674,793 653,311 21,482
Parks and recreation -48,278 25,000 23,278
Capital outlay 1,125,132 728,830 75,495 653,335
Total Charges to Appropriations 1,514,793 1,451,901 753,806 698,095
Budgetary Fund Balance, June 30 10,259,580$ 10,322,472$ 9,054,878$ (1,267,594)$
100
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Library Services Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,577,823$ 1,577,823$ 1,577,823$ -$
Resources (Inflows):
Taxes 1,100,000 1,100,000 1,201,168 101,168
Intergovernmental --2,870 2,870
Charges for services 4,000 4,000 2,968 (1,032)
Use of money and property 32,000 32,000 27,691 (4,309)
Fines and forfeitures --890 890
Miscellaneous --16,188 16,188
Amounts Available for Appropriations 2,713,823 2,713,823 2,829,598 115,775
Charges to Appropriations (Outflows):
Parks and recreation 1,081,727 1,084,604 1,003,890 80,714
Total Charges to Appropriations 1,081,727 1,084,604 1,003,890 80,714
Budgetary Fund Balance, June 30 1,632,096$ 1,629,219$ 1,825,708$ 196,489$
101
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Traffic Safety Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 35,063$ 35,063$ 35,063$ -$
Resources (Inflows):
Use of money and property 5,000 5,000 319 (4,681)
Fines and forfeitures 168,000 168,000 93,117 (74,883)
Amounts Available for Appropriations 208,063 208,063 128,499 (79,564)
Charges to Appropriations (Outflows):
General government 20,400 20,400 8,650 11,750
Public safety 117,476 117,476 96,348 21,128
Total Charges to Appropriations 137,876 137,876 104,998 32,878
Budgetary Fund Balance, June 30 70,187$ 70,187$ 23,501$ (46,686)$
102
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
City Affordable Housing Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,041,370$ 3,041,370$ 3,041,370$ -$
Resources (Inflows):
Charges for services 10,000 10,000 7,280 (2,720)
Use of money and property 56,000 56,000 65,278 9,278
Amounts Available for Appropriations 3,107,370 3,107,370 3,113,928 6,558
Charges to Appropriations (Outflows):
Public safety 30,086 30,086 30,308 (222)
Public services 346,481 424,076 156,921 267,155
Total Charges to Appropriations 376,567 454,162 187,229 266,933
Budgetary Fund Balance, June 30 2,730,803$ 2,653,208$ 2,926,699$ 273,491$
103
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Casey/Gabbert Road A.O.C. Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 102,271$ 102,271$ 102,271$ -$
Resources (Inflows):
Use of money and property 1,000 1,000 1,669 669
Amounts Available for Appropriations 103,271 103,271 103,940 669
Budgetary Fund Balance, June 30 103,271$ 103,271$ 103,940$ 669$
104
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Freemont Storm Drain A.O.C. Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 17,123$ 17,123$ 17,123$ -$
Resources (Inflows):
Use of money and property 1,000 1,000 279 (721)
Amounts Available for Appropriations 18,123 18,123 17,402 (721)
Budgetary Fund Balance, June 30 18,123$ 18,123$ 17,402$ (721)$
105
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
State Gas Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,146,717$ 2,146,717$ 2,146,717$ -$
Resources (Inflows):
Intergovernmental 1,677,791 1,677,791 1,732,141 54,350
Use of money and property 15,500 15,500 26,052 10,552
Amounts Available for Appropriations 3,840,008 3,840,008 3,904,910 64,902
Charges to Appropriations (Outflows):
Streets and roads 850,820 877,113 749,279 127,834
Capital outlay 600,000 619,549 41,336 578,213
Transfers out 148,255 148,255 29,153 119,102
Total Charges to Appropriations 1,599,075 1,644,917 819,768 825,149
Budgetary Fund Balance, June 30 2,240,933$ 2,195,091$ 3,085,142$ 890,051$
106
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Art in Public Places Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,607,794$ 4,607,794$ 4,607,794$ -$
Resources (Inflows):
Charges for services 364,022 364,022 44,267 (319,755)
Use of money and property 90,000 90,000 76,808 (13,192)
Amounts Available for Appropriations 5,061,816 5,061,816 4,728,869 (332,947)
Charges to Appropriations (Outflows):
Parks and recreation 556,008 581,008 109,927 471,081
Capital outlay 347,750 347,259 98,270 248,989
Total Charges to Appropriations 903,758 928,267 208,197 720,070
Budgetary Fund Balance, June 30 4,158,058$ 4,133,549$ 4,520,672$ 387,123$
107
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
State and Federal Assistance Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,370,781$ 2,370,781$ 2,370,781$ -$
Resources (Inflows):
Intergovernmental 3,002,287 3,057,287 693,007 (2,364,280)
Use of money and property 14,000 14,000 33,071 19,071
Miscellaneous 10,000 10,000 -(10,000)
Amounts Available for Appropriations 5,397,068 5,452,068 3,096,859 (2,355,209)
Charges to Appropriations (Outflows):
Public safety 100,000 100,000 100,000 -
Streets and roads 338,108 338,108 288,117 49,991
Capital outlay 3,428,382 3,521,820 403,326 3,118,494
Total Charges to Appropriations 3,866,490 3,959,928 791,443 3,168,485
Budgetary Fund Balance, June 30 1,530,578$ 1,492,140$ 2,305,416$ 813,276$
108
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Local Transportation Transit Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 758,399$ 758,399$ 758,399$ -$
Resources (Inflows):
Intergovernmental 1,681,020 1,681,020 1,337,147 (343,873)
Charges for services 24,000 24,000 42,739 18,739
Use of money and property 2,000 2,000 23,648 21,648
Amounts Available for Appropriations 2,465,419 2,465,419 2,161,933 (303,486)
Charges to Appropriations (Outflows):
Public services 1,980,474 2,056,096 1,946,297 109,799
Capital outlay 171,768 450,252 333,438 116,814
Total Charges to Appropriations 2,152,242 2,506,348 2,279,735 226,613
Budgetary Fund Balance (Deficit), June 30 313,177$ (40,929)$ (117,802)$ (76,873)$
109
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Prop 1B Local Streets and Roads Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 75,176$ 75,176$ 75,176$ -$
Resources (Inflows):
Intergovernmental 218,655 218,655 292,812 74,157
Use of money and property 10,000 10,000 8,338 (1,662)
Amounts Available for Appropriations 303,831 303,831 376,326 72,495
Charges to Appropriations (Outflows):
Public works 3,000 3,000 3,000 -
Capital outlay 225,655 274,704 289,812 (15,108)
Total Charges to Appropriations 228,655 277,704 292,812 (15,108)
Budgetary Fund Balance, June 30 75,176$ 26,127$ 83,514$ 57,387$
110
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Solid Waste Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,416,323$ 1,416,323$ 1,416,323$ -$
Resources (Inflows):
Intergovernmental 15,000 15,000 9,573 (5,427)
Charges for services 394,700 394,700 493,104 98,404
Use of money and property 50,000 50,000 55,303 5,303
Miscellaneous 200 200 102 (98)
Amounts Available for Appropriations 1,876,223 1,876,223 1,974,405 98,182
Charges to Appropriations (Outflows):
Public services 414,264 414,264 388,316 25,948
Parks and recreation 20,000 20,000 6,589 13,411
Total Charges to Appropriations 434,264 434,264 394,905 39,359
Budgetary Fund Balance, June 30 1,441,959$ 1,441,959$ 1,579,500$ 137,541$
111
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Special Projects Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 27,269,952$ 27,269,952$ 27,269,952$-$
Resources (Inflows):
Use of money and property -- (150,728) (150,728)
Transfers in -- 3,562,745 3,562,745
Amounts Available for Appropriations 27,269,952 27,269,952 30,681,969 3,412,017
Charges to Appropriations (Outflows):
Capital outlay 1,065,000 1,615,000 34,181 1,580,819
Total Charges to Appropriations 1,065,000 1,615,000 34,181 1,580,819
Budgetary Fund Balance, June 30 26,204,952$25,654,952$30,647,788$1,831,198$
112
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Police Facilities Fee Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund (Deficit), July 1 (965,744)$ (965,744)$ (965,744)$ -$
Resources (Inflows):
Charges for services 400,522 400,522 8,141 (392,381)
Use of money and property --1,647 1,647
Amounts Available for Appropriations (565,222) (565,222) (955,956)(390,734)
Budgetary Fund (Deficit), June 30 (565,222)$ (565,222)$ (955,956)$ (390,734)$
113
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Capital Projects Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 642,162$ 642,162$ 642,162$ -$
Resources (Inflows):
Use of money and property 10,000 10,000 10,473 473
Amounts Available for Appropriations 652,162 652,162 652,635 473
Budgetary Fund Balance, June 30 652,162$ 652,162$ 652,635$ 473$
114
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Equipment Replacement Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,519,407$ 2,519,407$ 2,519,407$ -$
Resources (Inflows):
Use of money and property 30,000 30,000 46,549 16,549
Miscellaneous -10,000 24,155 14,155
Amounts Available for Appropriations 2,549,407 2,559,407 2,590,111 30,704
Charges to Appropriations (Outflows):
General government 200,907 200,907 21,233 179,674
Parks and recreation 3,137 6,274 -6,274
Capital outlay 420,001 666,320 234,977 431,343
Total Charges to Appropriations 624,045 873,501 256,210 617,291
Budgetary Fund Balance, June 30 1,925,362$ 1,685,906$ 2,333,901$ 647,995$
115
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
City Hall Building Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 4,787,546$ 4,787,546$ 4,787,546$ -$
Resources (Inflows):
Use of money and property 55,000 55,000 (57,310) (112,310)
Amounts Available for Appropriations 4,842,546 4,842,546 4,730,236 (112,310)
Charges to Appropriations (Outflows):
Capital outlay 2,316,831 5,070,693 1,190,326 3,880,367
Total Charges to Appropriations 2,316,831 5,070,693 1,190,326 3,880,367
Budgetary Fund Balance, June 30 2,525,715$ (228,147)$ 3,539,910$ 3,768,057$
116
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
Remain MRA Bond Proceeds
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,784,097$ 1,784,097$ 1,784,097$ -$
Resources (Inflows):
Use of money and property --29,110 29,110
Amounts Available for Appropriation 1,784,097 1,784,097 1,813,207 29,110
Charges to Appropriation (Outflow):
Capital outlay to 1,750,000 1,750,000 15,507 1,734,493
Total Charges to Appropriations 1,750,000 1,750,000 15,507 1,734,493
Budgetary Fund Balance, June 30 34,097$ 34,097$ 1,797,700$ 1,763,603$
117
CITY OF MOORPARK, CALIFORNIA
Budgetary Comparison Schedule
PEG Capital Fund
For the Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 215,049$ 215,049$ 215,049$ -$
Resources (Inflows):
Taxes 82,400 82,400 99,398 16,998
Use of money and property --1,613 1,613
Amounts Available for Appropriation 297,449 297,449 316,060 18,611
Charges to Appropriations (Outflows):
General government 15,000 15,000 457 14,543
Total Charges to Appropriations 15,000 15,000 457 14,543
Budgetary Fund Balance, June 30 282,449$ 282,449$ 315,603$ 33,154$
118
CITY OF MOORPARK, CALIFORNIA
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2023
Assets:
Cash and cash equivalents 57,595$ 2,151,351$ 2,208,946$
Receivables:
Accounts receivable -23,868 23,868
Investments at fair value:
Money market mututal funds - 2,134,561 2,134,561
Total Investments - 2,134,561 2,134,561
Capital assets:
Capital assets, not being depreciated 709,724 -709,724
Total Assets 767,319 4,309,780 5,077,099
Liabilities:
Accounts payable 34,100 -34,100
Due to bondholders - 4,309,780 4,309,780
Total Liabilities 34,100 4,309,780 4,343,880
Net Position:
Restricted for individuals, organizations, and other governments 733,219 -733,219
Total Net Position 733,219$ -$ 733,219$
Total
Assessment
Districts
Moorpark
Watershed,
Parks,
Recreation, And
Conservation
Authority
119
CITY OF MOORPARK, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position
Custodial Funds
For the Year Ended June 30, 2023
Additions:
Taxes and special assessments collections -$ 1,311,455$ 1,311,455$
Interest and change in fair value of investments 661 35,253 35,914
Intergovernmental 27,556 -27,556
Miscellaneous -20,903 20,903
Total Additions 28,217 1,367,611 1,395,828
Deductions:
Administrative expenses -72,807 72,807
Contractual services 3,803 -3,803
Interest expense - 397,130 397,130
Principal expense - 897,674 897,674
Payments of collections to assessment districts 41,000 -41,000
Total Deductions 44,803 1,367,611 1,412,414
Net Increase in Fiduciary Net Position (16,586)-(16,586)
Net Position - Beginning 749,805 4,240,186 4,989,991
Restatement of Net Position - (4,240,186)(4,240,186)
Net Position - Beginning, as Restated 749,805 -749,805
Net Position - Ending 733,219$ -$ 733,219$
Total
Moorpark
Watershed,
Parks,
Recreation, And
Conservation
Authority
Assessment
Districts
120
STATISTICAL SECTION
121
THIS PAGE INTENTIONALLY LEFT BLANK
122
Contents Page
Financial Trends
124
Revenue Capacity
132
Debt Capacity
137
Demographic and Economic Information
143
Operating 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.
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
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.
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
These tables contain information regarding the City's largest own-source revenue,
property tax.
These tables present information regarding the City's current debt requirements
and the City's financial ability to issue additional debt in the future.
123
2014 2015 2016 2017 2018
Governmental activities:
Net Investment in Capital Assets 259,798,991$ 260,051,061$ 259,824,449$ 265,474,327$ 262,137,083$
Restricted 86,007,374 89,502,603 94,421,242 91,919,782 66,958,288
Unrestricted 15,521,233 22,642,705 23,579,979 23,886,449 55,570,929
Total governmental activities net position 361,327,598$ 372,196,369$ 377,825,670$ 381,280,558$ 384,666,300$
The City of Moorpark does not have any business-type activities.
Source: City of Moorpark
CITY OF MOORPARK
Net Position by Component
Last Ten Fiscal Years
(Accrual basis of accounting)
Fiscal Year
124
2019 2020 2021 2022 2023
Governmental activities:
Net Investment in Capital Assets 259,942,720$ 260,143,811$ 257,538,275$ 264,604,889$ 281,147,048$
Restricted 71,335,867 74,141,650 74,205,140 71,132,063 64,204,849
Unrestricted 53,057,670 52,340,369 55,433,067 62,684,202 56,316,135
Total governmental activities net position 384,336,257$ 386,625,830$ 387,176,482$ 398,421,154$ 401,668,032$
Fiscal Year
(Accrual basis of accounting)
Last Ten Fiscal Years
Net Position by Component
CITY OF MOORPARK
125
2014 2015 2016 2017 2018
Expenses:
General government 2,163,246$ 1,212,685$ 795,671$ 3,301,931$ 1,980,131$
Public safety 6,882,753 7,024,242 7,614,298 9,225,826 10,870,950
Public services 11,779,873 11,558,575 12,162,933 9,613,028 4,771,248
Parks and recreation 6,032,005 5,614,080 7,117,157 6,764,333 8,845,066
Streets and Roads - - - 274,257 4,556,851
Interest on long-term debt - - - 23,347 21,385
Total governmental activities expenditures 26,857,877 25,409,582 27,690,059 29,202,722 31,045,631
Program revenues:
Charges for services:
General government 1,474,249 1,463,859 685,537 960,934 1,144,176
Public safety 2,657,332 3,325,404 1,970,207 2,623,885 954,599
Public services 7,815,032 10,471,498 5,026,698 6,499,441 2,292,214
Parks and recreation 1,913,045 3,119,649 2,378,698 3,810,319 3,908,952
Streets and Roads - - - - 1,014,544
Total charges for services 13,859,658 18,380,410 10,061,140 13,894,579 9,314,485
Operating contributions and grants 4,364,461 4,049,606 3,943,429 2,209,535 3,463,350
Capital contributions and grants 2,010,143 4,636,843 2,014,302 1,243,383 1,946,022
Total governmental activities
program revenues 20,234,262 27,066,859 16,018,871 17,347,497 14,723,857
Net program revenues (expenditures)(6,623,615) 1,657,277 (11,671,188) (11,855,225) (16,321,774)
General revenues and other changes in net assets:
Taxes:
Property tax 6,841,765 7,638,300 7,923,937 9,332,969 9,545,738
Franchise tax 1,222,759 1,284,268 1,276,932 1,559,634 1,249,789
Sales tax 2,695,884 2,749,320 3,316,402 3,854,408 4,291,309
Sales tax in lieu 1,089,362 896,527 730,083 - -
Motor vehicle in lieu 15,942 15,399 14,415 - -
Investment income 1,153,683 1,116,545 2,447,983 347,582 997,189
Other 492,755 687,525 1,592,693 215,621 401,083
Total governmental activities 13,512,150 14,387,884 17,302,445 15,310,214 16,485,108
Changes in net position -
governmental activities 6,888,535$ 16,045,161$ 5,631,257$ 3,454,989$ 163,334$
Source: City of Moorpark
CITY OF MOORPARK
(Accrual basis of accounting)
Last Ten Fiscal Years
Statement of Activities (Condensed)
Fiscal Year
126
2019 2020 2021 2022 2023
Expenses:
General government 3,878,000$ 2,183,910$ 4,025,395$ 596,730$ 6,483,210$
Public safety 9,327,889 9,122,565 8,499,956 8,373,652 9,352,962
Public services 4,714,035 5,957,380 6,002,877 3,188,944 8,932,996
Parks and recreation 8,300,859 8,948,370 9,161,021 6,314,692 11,281,727
Streets and Roads 6,477,208 3,340,421 4,680,444 2,566,854 3,566,985
Interest on long-term debt - - - - -
Total governmental activities expenditures 32,697,991 29,552,646 32,369,693 21,040,872 39,617,880
Program revenues:
Charges for services:
General government 634,694 691,952 635,278 2,758,039 618,705
Public safety 400,544 468,675 571,603 323,095 553,031
Public services 1,882,043 1,312,533 1,559,765 1,630,855 1,906,484
Parks and recreation 3,404,486 3,529,892 4,015,894 4,423,763 4,681,290
Streets and Roads 117,707 12,301 29,388 6,378 110,717
Total charges for services 6,439,474 6,015,353 6,811,928 9,142,130 7,870,227
Operating contributions and grants 3,708,488 4,034,116 5,048,480 3,824,903 4,706,040
Capital contributions and grants 100,006 - 2,067,003 2,392,532 2,243,907
Total governmental activities
program revenues 10,247,968 10,049,469 13,927,411 15,359,565 14,820,174
Net program revenues (expenditures) (22,450,023) (19,503,177) (18,442,282) (5,681,307) (24,797,706)
General revenues and other changes in net assets:
Taxes:
Property tax 10,168,691 10,318,021 11,034,537 11,265,702 11,826,418
Transient occupancy taxes - - 176,235 391,325 490,979
Franchise tax 1,281,901 1,556,500 1,500,325 2,170,631 1,729,739
Sales tax 4,336,676 4,040,141 4,575,526 5,219,884 4,948,566
Motor vehicle in lieu - - - - -
Investment income 5,257,540 5,412,223 1,240,500 (2,637,465) 2,607,972
Other 1,075,172 360,564 465,811 515,902 897,569
Total governmental activities 22,119,980 21,687,449 18,992,934 16,925,979 22,501,243
Changes in net position -
governmental activities (330,043)$ 2,184,272$ 550,652$ 11,244,672$ (2,296,463)$
CITY OF MOORPARK
Statement of Activities (Condensed)
Last Ten Fiscal Years
(Accrual basis of accounting)
Fiscal Year
127
2014 2015 2016 2017 2018
General fund:
Nonspendable 635,899$ 660,077$ 154,863$ 158,857$ 70,741$
Emergency contingency reserve ---- 3,429,259
Unassigned 3,000,000 2,999,941 2,865,439 3,011,336 999,726
Total general fund 3,635,899$ 3,660,018$ 3,020,302$ 3,170,193$ 4,499,726$
All other governmental funds:
Fund Balances:
Nonspendable 10,253,789$ 10,363,316$ 9,017,847$ 158,857$ 5,711$
Restricted 49,389,385 54,572,775 57,941,616 61,977,366 61,173,545
Committed 698,395 711,399 736,185 847,588 888,556
Assigned 36,190,577 42,221,565 47,613,826 50,386,413 49,480,362
Unassigned (1,825,187)(1,604,570)(1,503,658)1,797,897 (1,158,870)
Total all other governmental funds 94,706,959$ 106,264,485$113,805,816$115,168,121$110,389,304$
Source: City of Moorpark
(Modified accrual basis of accounting)
Last Ten Fiscal Years
Fund Balances of Governmental Funds
CITY OF MOORPARK
Fiscal Year
128
2019 2020 2021 2022 2023
General fund:
Nonspendable 335,920$ 54,015$ 6,332$ 724,965$ 5,553$
Emergency contingency reserve 3,675,000 3,827,188 3,950,216 4,150,000 4,472,402
Economic uncertainty -- 500,000 500,000 500,000
Unassigned 831,117 1,133,240 1,000,000 1,000,000 1,494,350
Total general fund 4,842,037$ 5,014,443$ 5,456,548$ 6,374,965$ 6,472,305$
All other governmental funds:
Fund Balances:
Nonspendable -$ 360$ 1,160$ -$ -$
Restricted 64,611,317 67,417,100 67,584,815 64,342,084 55,312,487
Committed 1,027,756 1,263,990 1,457,695 1,577,823 1,825,708
Assigned 46,686,676 46,740,902 50,339,586 46,841,546 48,474,553
Unassigned (1,106,538)(1,102,010)(968,436)(890,568)(1,182,837)
Total all other governmental funds 111,219,211$114,320,342$118,414,820$111,870,885$104,429,911$
CITY OF MOORPARK
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
Fiscal Year
129
2014 2015 2016 2017 2018
Revenues:
Taxes 12,931,981$13,688,319$14,417,009$14,816,810$15,086,944$
Licenses and permits 1,279,619 1,249,964 1,109,136 1,258,680 921,448
Fines and forfeitures 425,844 384,288 471,684 493,607 448,822
Uses of money and property 1,533,697 1,512,399 2,968,575 763,001 997,189
Charges for services 10,785,334 15,951,226 8,121,521 8,519,922 5,677,086
Intergovernmental 3,257,823 5,246,632 3,584,007 2,765,226 3,478,963
Maintenance assessments 2,159,121 2,487,047 2,737,711 3,015,980 2,453,264
Other 438,612 445,197 1,443,805 774,632 4,245,928
Total revenues 32,812,031 40,965,072 34,853,448 32,407,858 33,309,644
Expenditures:
Current:
General government 1,746,028 2,495,775 1,423,174 2,863,214 5,248,464
Public safety 6,643,550 6,789,765 6,999,561 8,496,995 8,924,343
Public services 9,126,851 10,468,227 9,254,464 6,852,118 5,526,289
Parks and recreation 5,360,424 5,732,314 6,089,350 5,711,596 9,348,196
Streets and Roads --- 259,546 3,647,853
Capital outlay 1,574,615 3,892,870 4,163,202 9,859,039 894,814
Debt service:
Interest -4,476 22,082 23,347 -
Total expenditures 24,451,468 29,383,427 27,951,833 34,065,855 33,589,959
Excess of revenues over
expenditures 8,360,563 11,581,645 6,901,615 (1,657,997)(280,315)
Other financing sources (uses):
Transfers in 4,718,044 7,365,629 6,115,233 3,961,767 6,919,757
Transfers out (4,718,044)(7,365,629)(6,115,233)(3,961,767)(6,919,757)
Net change in fund balances 8,360,563$11,581,645$6,901,615$(1,657,997)$(280,315)$
Debt service as a percentage of
noncapital expenditures 0.0% 0.0% 0.1% 0.1% 0.0%
Source: City of Moorpark
Fiscal Year
(Modified accrual basis of accounting)
Last Ten Fiscal Years
Changes in Fund Balances of Governmental Funds
CITY OF MOORPARK
130
2019 2020 2021 2022 2023
Revenues:
Taxes 15,787,268$15,914,662$17,286,623$19,047,542$18,995,702$
Licenses and permits 496,322 567,019 698,314 756,919 575,480
Fines and forfeitures 379,836 290,458 182,093 195,069 207,140
Uses of money and property 5,257,540 5,412,223 1,240,500 (2,637,465)2,607,972
Charges for services 2,766,456 2,167,662 3,019,356 2,310,850 3,242,748
Intergovernmental 3,711,525 4,037,692 5,056,994 4,055,792 4,246,107
Maintenance assessments 2,453,623 2,999,658 3,084,502 3,497,392 3,535,370
Assessments --- 2,168,944 86,555
Other 2,999,531 2,390,465 2,497,184 2,657,198 2,848,664
Total revenues 33,852,101 33,779,839 33,065,566 32,052,241 36,345,738
Expenditures:
Current:
General government 3,818,450 3,687,416 3,547,665 3,680,410 4,138,117
Public safety 8,396,009 8,817,965 8,189,949 8,625,418 8,772,418
Public services 4,536,265 5,410,277 5,522,339 5,798,702 6,783,694
Parks and recreation 7,845,819 7,678,142 7,845,625 8,164,730 8,793,200
Streets and Roads 4,382,822 1,302,518 2,458,685 1,243,287 1,221,379
Capital outlay 3,682,721 3,715,285 964,720 10,165,212 12,777,839
Debt service:
Interest 17,797 ----
Total expenditures 32,679,883 30,611,603 28,528,983 37,677,759 42,486,647
Excess of revenues over
expenditures 1,172,218 3,168,236 4,536,583 (5,625,518)(6,140,909)
Other financing sources (uses):
Transfers in 8,078,411 6,143,388 6,555,764 16,351,708 6,108,315
Transfers out (8,078,411)(6,143,388)(6,555,764)(16,351,708)(6,108,315)
Net change in fund balances 1,172,218$3,168,236$4,536,583$(5,625,518)$(6,140,909)$
Debt service as a percentage of
noncapital expenditures 0.1% 0.0% 0.0% 0.0% 0.0%
CITY OF MOORPARK
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified accrual basis of accounting)
Fiscal Year
131
Fiscal Year Taxable Taxable Total
Ended Less: Assessed Less: Assessed Direct Tax
June 30 Secured Unsecured Exemptions Value Secured Unsecured Exemptions Value Rate
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 0.094%
2022 6,848,341,235 127,077,409 95,420,514 6,879,998,130 1,217,244,331 60,835,964 47,796,422 1,230,283,873 0.094%
2023 7,241,437,885 137,049,323 81,619,853 7,296,867,355 1,284,136,945 57,551,701 48,833,806 1,292,854,840 0.094%
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.
132
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000
0.03270 0.03290 0.03180 0.03200 0.02130 0.02090 - - --
- - - - - - 0.02220 0.02880 0.03170 0.02860
0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350
0.03950 0.05550 0.06920 0.06540 0.06540 0.06680 0.05730 0.05980 0.05900 0.04020
0.01670 0.01760 0.01300 0.01550 0.01510 0.01520 0.01430 0.01500 0.01480 0.01420
2 1.09240 1.10950 1.11750 1.11640 1.10530 1.10640 1.09730 1.10710 1.10900 1.08650
3 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078 0.09078
----------
4 ----------
5 0.09508 0.09498 0.09447 0.09422 0.09406 0.09401 0.09413 0.09417 0.09417 0.09419
Notes:
1
2
3
4
5
Sources: HdL Companies
Ventura County Assessor's Office
Conejo Valley Unified
School District
Basic Levy
CITY OF MOORPARK
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years
(Rate per $100 of assessed value)
Last Ten Fiscal Years
Redevelopment Rate
General Obligation Debt Rate
City's Share of 1% Levy
per Prop 13
Total Direct Rate
Conejo Valley Unified School
Bond #2
Total Direct &
Overlapping Tax Rates
Moorpark Unified
School District
Ventura Community
College District
Metropolitan Water District
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.
133
Percent of Total Percent of Total
Taxable City Taxable Taxable City Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value*Value Value*Value
NF Moorpark Multifamily Association 98,600,178$ 1.35%
DBRE Moorpark LLC 73,122,239$ 1.50 %
Waterstone Properties Moorpark LLC 81,066,505 1.11% 69,933,039 1.43 %
Moorpark Center LLC 52,552,266 0.72% 44,719,000 0.92 %
ASVRF Condor Moorpark Co.50,470,000 0.69%
Ensign-Bickford Aerospace 35,252,500 0.48%
MB Plaza East/West LLC 34,118,321 0.47%
CREF3 Big Box Moorpark Owner 32,648,334 0.45%
ROIC California LLC 32,356,773 0.44%
Toll Land XIX LP 31,378,569 0.64 %
Village at Moorpark Properties O LP 21,296,944 0.29% 30,503,063 0.62 %
EB West Properties Inc 22,888,798 0.47 %
Tuscany Square Partners LLC 22,693,311 0.46 %
G-S Partnership 22,413,963 0.46 %
Mission Bell West L P 22,125,629 0.45 %
James Birkenshaw Etal Lessor 20,739,384 0.42 %
Moorpark Condor Properties LP 20,264,618 0.28%
Top Ten Total 458,626,439$6.29% 360,516,995$7.38 %
City Total 7,296,867,355$4,883,679,699$
* Due to varying tax rates, the assessed value does not necessarily mean the highest tax.
Source: HdL Companies
2013-14
Current Year and Nine Years Ago
Principal Property Taxpayers
CITY OF MOORPARK
2022-23
134
Collections
Fiscal Taxes Levied from
Year Ended for the Percent Previous Percent
June 30 Fiscal Year Amount of Levy Years Amount of Levy
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 5,255,243 5,005,403 95.2 % 184,120 5,189,523 98.7 %
2022 5,397,594 5,124,071 94.9 % 194,348 5,318,419 98.5 %
2023 5,728,153 5,423,484 94.7 % 181,945 5,605,429 97.9 %
Note:
The amount presented includes City property tax only; does not include redevelopment tax increment.
Source: Ventura County Assessor's Office
Total Collections
CITY OF MOORPARK
Secured Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal Year of Levy
Collected within the
135
2022-23 2013-14
76 Campus Plaza Shell
Aqua Flo Supply Command Performance Catering
Arco Dick's Sporting Goods
Campus Plaza Shell In N Out Burgers
Command Performance Catering Integrated Control Systems
7 Eleven J W Mills Management
In N Out Kahoots Feed & Supply
Kahoots Pet Store Kohls
Kohls McDonalds
McDonalds Moorpark 76
Moorpark 76 Moorpark Auto Spa & Lube
Moorpark Chevron Moorpark Chevron
Pentair Pool Products Moorpark Petroleum
Peter Lars National Ready Mixed Concrete
Pool & Electrical Products Pentair Pool Products
Ralphs Ralphs
Simi Valley Harley Davidson Simi Valley Harley Davidson
Target Target
Testequity Tesoro Refining & Marketing
TJ Maxx Testequity
Tom Lindstrom RV TJ Maxx
Tractor Supply Tom Lindstrom RV
Vons Vons
Warehouse Discount Center Warehouse Discount Center
Wood Ranch Wood Ranch BBQ Grill
Source: HdL Companies
CITY OF MOORPARK
Principal Sales Tax Remitters
Listed Alphabetically
Current Year and Nine Years Ago
136
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
2014 ----0%-
2015 ----0%-
2016 ----0%-
2017 ----0%-
2018 ----0%-
2019 ----0%-
2020 ----0%-
2021 ----0%-
2022 ----0%-
2023 ----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 $11,695,000 in 2006.
Tax Allocation Bonds are the debt of the Successor Agency and not a part of the City.
2 These ratios are calculated using personal income and population for the prior calendar year.
Governmental Activities
CITY OF MOORPARK
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
137
Fiscal Year General Tax Percent of
Ended Obligation Allocation Assessed Per
June 30 Bonds Bonds 1 Total Value Capita
2014 ---- %-
2015 ---- %-
2016 ---- %-
2017 ---- %-
2018 ---- %-
2019 ---- %-
2020 ---- %-
2021 ---- %-
2022 ---- %-
2023 ---- %-
General bonded debt is debt payable with governmental fund resources and general
obligation bonds recorded in enterprise funds (of which, the City has none).
1 Tax Allocation Bonds are the debt of the Successor Agency and not a part of the City.
Outstanding General Bonded Debt
CITY OF MOORPARK
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
138
City Assessed Valuation 2022-23 7,297,884,655$
Redevelopment Agency Incremental Valuation 1,029,298,068
Adjusted Assessed Valuation 6,268,586,587$
Estimated
Share of
Percentage Debt as of Overlapping
Applicable (1)6/30/2023 Debt
Direct and Overlapping Tax and Assessment Debt:
Metropolitan Water District 0.201 % 19,215,000$ 38,622$
Ventura Community College District 4.474 % 244,336,692 10,931,624
Conejo Valley Unified School District 0.013 % 143,845,691 18,700
Moorpark Unified School District 93.622 % 34,606,331 32,399,139
City of Moorpark 100.000 %--
City of Moorpark Community Facilities District No. 97-1 100.000 %2,185,000 2,185,000
City of Moorpark Community Facilities District No. 2004-1 100.000 %7,325,000 7,325,000
City of Moorpark 1915 Act Bonds 100.000 %140,000 140,000
Total Direct and Overlapping Tax & Assessment Debt 53,038,085
Overlapping General Fund Obligation Debt:
Ventura County General Fund Obligations 4.473 % 289,520,000 12,950,230
Ventura County Superintendent of Schools COPs 4.473 %7,350,000 328,766
Moorpark Unified School District COPs 93.622 %2,129,991 1,994,140
Total Overlapping General Fund Obligation Debt 15,273,136
Overlapping Tax Increment Debt (Successor Agency):100.000 % 17,825,000 17,825,000
Total Overlapping Debt 86,136,221 (2)
Combined Total Debt 86,136,221$
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
Ratios to 2022-23 Assessed Valuation:
Direct Debt 0.00%
Total Direct and Overlapping Tax and Assessment Debt 0.73%
Combined Total Debt 1.18%
Ratios to Redevelopment Successor Agency Incremental Valuation ($1,029,298,068):
Total Overlapping Tax Increment Debt 1.73%
Source: Avenu Insights & Analytics and California Municipal Statistics, Inc.
CITY OF MOORPARK
Direct and Overlapping Debt
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were
estimated by 'determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total
taxable assessed value.
139
2014 2015 2016 2017 2018
Assessed valuation 4,718,569,672$5,042,223,024$5,333,705,999$5,654,428,902$5,917,959,303$
Conversion percentage 25%25%25%25%25%
Adjusted assessed valuation 1,179,642,418 1,260,555,756 1,333,426,500 1,413,607,226 1,479,489,826
Debt limit percentage 15%15%15%15%15%
Debt limit 176,946,363 189,083,363 200,013,975 212,041,084 221,923,474
Legal debt margin 176,946,363$189,083,363$200,013,975$212,041,084$221,923,474$
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.
Source: City of Moorpark, HdL
Ventura County Tax Assessor's Office
CITY OF MOORPARK
Legal Debt Margin Information
Last Ten Fiscal Years
140
2019 2020 2021 2022 2023
Assessed valuation 6,217,467,935$6,456,855,389$6,568,841,578$6,848,341,235$7,241,437,885$
Conversion percentage 25%25%25%25%25%
Adjusted assessed valuation 1,554,366,984 1,614,213,847 1,642,210,395 1,712,085,309 1,810,359,471
Debt limit percentage 15%15%15%15%15%
Debt limit 233,155,048 242,132,077 246,331,559 256,812,796 271,553,921
Legal debt margin 233,155,048$242,132,077$246,331,559$256,812,796$271,553,921$
Total debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
CITY OF MOORPARK
Legal Debt Margin Information
Last Ten Fiscal Years
141
Fiscal Year
Ended Tax
June 30 Increment Principal Interest Coverage
2014 --- n/a
2015 --- n/a
2016 --- n/a
2017 --- n/a
2018 --- n/a
2019 --- n/a
2020 --- n/a
2021 --- n/a
2022 --- n/a
2023 --- n/a
Notes:
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.
Note: Details regarding Moorpark Redevelopment Agency outstanding debt can be
found in the notes to the financial statements. Operating expenses do not include interest
or depreciation expenses.
Tax Allocation Bonds
Debt Service
CITY OF MOORPARK
Pledged-Revenue Coverage
Last Ten Fiscal Years
142
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
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 %
2021 35,399 1,765,112 49,863 5.0 %39.7 91.8 % 45.8 %
2022 35,151 1,772,501 50,425 2.9 %38.8 91.1 % 43.1 %
Source: HdL Companies
CITY OF MOORPARK
Demographic and Economic Statistics
Last Ten Calendar Years
143
Percent of Percent of
Number of Total Number of Total
EMPLOYER Employees Employment Employees Employment
Pennymac 940 5.0 %1,117 6.2 %
Moorpark Unified School District 868 4.6 %841 4.7 %
Pentair Water Pool & Spa 750 4.0 %530 3.0 %
Moorpark College 738 3.9 %627 3.5 %
Kretek 315 1.7 %- -
Ensign-Bickford Aerospace & Defense Company 260 1.4 %126 0.7 %
North American Services-Command Performance Catering 240 1.3 %- -
Amazon Retail, Inc.200 1.1 %- -
Target Stores - -170 0.9 %
Lifetech Resources 200 1.1 %- -
Benchmark Electronics Manufacturing Solutions - -275 1.5 %
Kavlico - -390 2.2 %
Test Equity 165 0.9 %121 0.7 %
Total Top 10 Employers 4,676 25.0 %4,197 23.4 %
Total City Employment 18,600 17,900
Results based upon direct correspondence with City's local businesses.
Total Employment as used above represents the total employment of all employers located within City limits.
Total City Employment provided by Employment Development Department data updated September of each year.
Sources: City of Moorpark, local businesses
State of California, Employment Development Department
TOTAL CITY EMPLOYMENT 18700 17900
2023 2014
CITY OF MOORPARK
Principal Employers
Current Year and Nine Years Ago
144
Function 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
General government 27 26 25 31 26 32 35 30 31 32
Public safety (crossing guards)3322222 2 2 2
Public services 19 22 19 17 16 14 15 12 13 25
Parks and recreation 75 70 57 74 78 71 73 50 57 82
Total 124 121 103 124 122 119 125 94 103 141
Public safety 1 40 40 40 40 40 40 40 43 43 43
1 Police and fire services were provided by the County.
Source: City of Moorpark
CITY OF MOORPARK
Full-Time and Part-Time City Employees
by Function
Last Ten Fiscal Years
145
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Police: (A)
Arrests 1,148 938 966 1,139 1,531 1,498 2,447 1,239 919 885
Parking citations issued *2,736 3,117 4,582 5,841 6,419 6,436 4,645 2,133 2663 1966
Fire: (B)
Number of "prime" emergency calls 1,835 1,996 2,026 2,107 2,145 2,179 2,430 2,265 2313 2684
Business Inspections 500 694 727 443 390 196 106 114 216 164
Public works: (C)
Street resurfacing (miles)- - - - 0.7 - - - - -
Parks and recreation: (D)
Number of recreation classes*265 303 295 314 396 403 171 290 365 347
Number of facility rentals*103 248 287 405 301 398 103 31 105 102
Prime calls and business inspections are for County of Ventura, Fire department station #42
* Parking citations have declined in past two years due to COVID impacts and staffing reductions of cadets assigned to citation issuance.
Source: City of Moorpark
CITY OF MOORPARK
Operating Indicators
by Function
Last Ten Fiscal Years
146
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Police:
Stations 1111111 1 1 1
Fire:
Fire stations 2 2 2 2 2 2 2 2 2 2
Public works:
Streets (miles) 79 79 79 79 79 79 79 79 85 85
Streetlights 2,620 2,620 2,620 2,620 2,620 2,620 2,619 2,619 2619 2619
Traffic signals 21 21 22 22 22 22 22 22 22 22
Parks and recreation:
Parks 18191919191919 19 19 19
Community centers 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
147
The cover features a photograph of the Moorpark Country Club Golf Course located at
11800 Championship Drive, Moorpark, Ca 93021. Photograph taken by Melissa Fargo.
148